The Money Maze: Investing in South Africa

On the JSE, the story often starts before results day. We unpack trading statements: the 20% rule, how to read a HEPS percentage range on SENS, why EasyEquities prices can jump early, and how to use the trailer without confusing it for the full movie. Plain English for South African retail investors. The Money Maze helps you stop drowning in jargon and start navigating the market like someone who actually knows what they're doing.

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Not financial advice.

Capitec just reported a record half: headline earnings up 19% to R9.5 billion, an interim dividend of R31.10, and 26.6 million clients. But the bank also set aside more for bad debts, with the credit loss ratio up from 7.9% to 8.4%. Is that smart caution or a warning sign? We unpack the credit loss ratio with a stokvel treasurer, why fees now bring in 70% of the money, what a R100 billion loan book means, and the bull and bear case for EasyEquities investors. Plain English, JSE ticker CPI.

The Money Maze helps South African retail investors stop drowning in jargon and start navigating the market like someone who actually knows what they're doing. This is not financial advice.

The Reserve Bank just raised the repo rate to 7.25%. What does that actually mean for your bond, your savings and the shares in your EasyEquities account? We break down the repo rate and prime rate in plain English, why the Reserve Bank hiked on 23 September 2026 (inflation at 4.4%, target 3%), what 25 basis points costs a R1 million home loan, and the bull and bear case for JSE shares when rates rise. Plain English for South African retail investors.

The Money Maze helps you stop drowning in jargon and start navigating the market like someone who actually knows what they're doing. This is not financial advice.

Kumba Iron Ore just halved its interim dividend from R16.60 to R7.90 a share, with headline earnings down 41%. But the mine itself barely missed a beat. We unpack the strong rand, weak Chinese steel demand, record Northern Cape rainfall and Transnet's ten-day shutdown, then argue the bull and bear case for the JSE's favourite dividend stock. Plus the golden rule every yield chaser needs: high yield does not mean safe.

The Money Maze helps South African retail investors stop drowning in jargon and start navigating the market like someone who actually knows what they're doing. This is not financial advice.

African Rainbow Minerals just approved roughly R16 billion, nearly half its market cap, to reopen the mothballed Bokoni platinum mine and restart the Nkomati nickel mine. This Sunday Maze Dive unpacks the R15.2 billion plan, what a brownfield restart means, why no rights issue matters for your shares, and whether this is counter-cyclical genius or a seven-year bet on a price ARM doesn't control. The Money Maze helps South African retail investors stop drowning in jargon and start navigating the market like someone who actually knows what they're doing. This is not financial advice

A year ago, Mantengu blamed short sellers. Now the audited numbers are in. We unpack the R315 million loss, the qualifiedaudit, the going concern warning, the Sublime mothballing, the Blue Ridge sale, and the Averi Finance reverse takeover that leaves shareholders with a third of the company. Bull and bear, in plain English.

The Money Maze helps South African retail investors stop drowning in jargon and start navigating the market like someone who actually knows what they're doing. This is notFinancial advice.

Elon Musk was born in Pretoria. But Tesla, SpaceX, and his trillion-dollar net worth were built in California. So what does that tell you about capital, ambition, and the JSE? In this episode, we ask the uncomfortable questions: Why do our best founders leave? Why is the JSE shrinking? And where should your money actually go to access real growth? Because understanding why growth happens elsewhere is the first step to protecting your portfolio.

The Money Maze helps South African retail investors stop drowning in jargon and start navigating the market like someone who actually knows what they're doing. This is not financial advice.

Harmony Gold just met its full-year production guidance for the eleventh year running and handed shareholders R4.4 billion in dividends over the past twelve months. In this Sunday Maze Dive, we unpack the interim earnings surge, the Tshepong North impairment reversal, why HEPS grew slower than EPS, and Harmony's quiet pivot into copper through MAC Copper and the Eva Copper project. Gold, copper, and a management team that actually does what it says. The Money Maze helps South African retail investors stop drowning in jargon and start navigating the market like someone who actually knows what they're doing. This is not financial advice

Everyone celebrates “record profits” on the JSE. Cool. But where did the money actually go? In this episode, we break down the Statement of Retained Earnings, how dividends affect it, why capital allocation matters, and how retained earnings can either compound wealth or quietly destroy shareholder value. If you invest on EasyEquities and want to think like a long-term owner, this one matters.

The Money Maze helps South African retail investors stop drowning in jargon and start navigating the market like someone who actually knows what they’re doing. This is not financial advice.

Anglo American just slashed the value of De Beers by $2.3billion, marking the third diamond write-down in three years. But is this acollapse, or part of a bigger restructuring play?

In this Maze Dive, we unpack the impairment, the 3.7-billion-dollarnet loss, copper’s role in holding the fort, and what this means for JSEinvestors watching Anglo in their Top 40 ETF.

We cut through the drama and explain what matters: cashflow, EBITDA, asset sales, and strategic pivot.

The Money Maze helps South African retail investors stopdrowning in jargon and start navigating the market like someone who knows whatthey’re doing. This is not financial advice.