The Money Maze: Investing in South Africa

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.

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

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.

Trellidor just guided for a 95% to 99% collapse in HEPS.From 29.6 cents to almost nothing. In this Sunday Maze Dive, we unpack the trading statement, the R32 million court case hangover, weak South African demand, lumpy UK project revenue, and what a R1.96 share price really means forvaluation and a possible buyout. We break down HEPS, P/E ratios, turnaround risk and small-cap volatility in plain language.The Money Maze helps South African retail investors stopdrowning in jargon and start navigating the market like someone who actually knows what they’re doing. This is not financial advice.

MAS plc’s results looked good on paper: profits up, NAV higher, debt low, but no dividend again. The share price dipped, investors on X cried “scam,” and PKI’s joint venture with MAS has everyone asking who’s really benefiting. In this Maze Dive, Jay unpacks the numbers, the takeover battle, and why shareholders feel sidelined.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.