Nick Kunze from Sanlam Private Wealth unpacks Caxton’s results, where nearly 75% of its market cap is cash, and weighs in on City Lodge, as refurbishments hit occupancies. Gerrit Smit from Stonehage Fleming Investment Management on how the Mag 7’s growth outpaces the S&P 500, plus the stock that has them truly excited. Dr Roelof Botha on the Q2 Afrimat Construction Index, with insights into South Africa’s building and infrastructure activity.