Thungela warns profits will drop up to 85%, with coal prices cooling, Transnet bottlenecks biting, and R285m in restructuring costs. We unpack what it means for dividends, ETFs, and retail investors who’ve been riding the coal wave.

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.

Ever wonder why a stock suddenly pops up in your Top 40 ETF, or vanishes like your paycheck on the 25th? In this episode, we unpack how JSE index constituents are chosen, how rebalancing works, and the weighting tricks that can tilt your portfolio. Learn why index changes matter, and how they affect your ETFs and long-term returns.
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.

Ever wondered why the JSE Top 40 moves even when half the shares are sleeping? Or why Naspers acts like the Springbok captain of your ETF? In this episode, we unpack Market Breadth, Index Weighting, and Free Float in plain English, with a side of South African humour.
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.

AngloGold Ashanti just dropped a quarter hotter than a KZN curry: free cash flow up 149%, gold production surging 21%, and an 80c interim dividend to sweeten the pot. Plus, their Nevada land grab signals big growth plans. We unpack the numbers, strategy, and risks behind this JSE giant.
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.

Ever wondered why some JSE-listed companies also trade in London or why others delist altogether? In this episode, we unpack dual listings, the reasons behind delistings, and why big South African firms love a UK passport. We keep it simple, with real-world examples and that SA flavour.

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.

Ever had a company ask you for more cash, offer shares instead of dividends, or buy its own shares like it’s running a Black Friday special? This episode breaks down Rights Issues, Scrip Dividends, and Share Buybacks in plain South African English. Learn what they are, why they happen, and how they affect 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.

Hyprop’s bold bid to take over MAS Real Estate ended faster than payday cash at a braai. We break down why the R24 per share offer collapsed, what went wrong with the DJV agreements, and why governance risks can sink even the biggest deals. 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.

Why do offshore ETFs and REITs trade below what they’re worth? And why doesn’t your return ever match the index you bought? In this episode, we break down NAV discounts, ETF premiums, and tracking error—with plenty of South African humour. If you’ve ever scratched your head at your EasyEquities statement, this one’s for you.

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.