The Money Maze: Investing in South Africa

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