Today in Ghost Biz, Gary Stroebel and The Finance Ghost discuss:

• Pepkor — strong Full-Year results with revenue, margins, and HEPS all rising; fintech booming; and a major new development: Pepkor is officially starting a bank after receiving regulatory approval.

• Spar — still struggling through a messy turnaround as franchise challenges, weak omni-channel execution, and costly international exits weigh on earnings.

• Prosus — solid revenue and e-commerce profit growth, improved free cash flow outside Tencent, and big expectations on recent acquisitions to prove their value in 2026.