Sunday Deep dive into companies Making the News
Glencore (JSE: GLN): A $5bn Bonus Year, $3.5bn Normal
Glencore (JSE: GLN) says its trading arm will make over US$5bn of Marketing EBIT in 2026, but normal is about $3.5bn…
Maze Dive
Sunday
Every Sunday, one JSE company making the news: what happened, the bull case and the bear case.
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Companies covered
- African Rainbow Minerals ARI
- Anglo American AGL
- AngloGold Ashanti ANG
- ASP Isotopes ISO
- Capitec Bank CPI
- Coca-Cola
- Curro COH
- Discovery DSY
- Glencore
- Harmony Gold HAR
- Hyprop HYP
- Kumba Iron Ore KIO
- Mantengu Mining MTU
- MAS MSP
- Pick n Pay PIK
- Spear REIT SEA
- Spur Corporation SUR
- Standard Bank SBK
- Starbucks
- Stefanutti Stocks SSK
- Telkom TKG
- Thungela Resources TGA
- Trellidor TRL
- Vukile VKE
All Maze Dive episodes
Capitec (JSE: CPI): Record R9.5bn Half, More Bad Debt Cover
Capitec (JSE: CPI) grew headline earnings 19% to a record R9.5bn, yet set aside more for bad debts. The credit loss…
Kumba Iron Ore (JSE: KIO): Why the Dividend Fell to R7.90
Kumba Iron Ore (JSE: KIO) cut its interim dividend from R16.60 to R7.90 as HEPS fell 41%. Rand, rain, rail and price…
ARM (JSE: ARI): The R16bn Bet on Bokoni and Nkomati
African Rainbow Minerals (JSE: ARI) approved about R16bn to restart Bokoni platinum and Nkomati nickel. Brownfield…
Mantengu (JSE: MTU): R315m Loss, Then a Dubai Takeover Bid
Mantengu Mining (JSE: MTU) blamed short sellers, then posted a R315m loss, a qualified audit later withdrawn, JSE…
Harmony Gold (JSE: HAR): R4.4bn Payout, 11 Years on Guidance
Harmony Gold (JSE: HAR) met production guidance for the 11th year running and paid R4.4bn in dividends. HEPS vs EPS…
Anglo American (JSE: AGL): De Beers Writedown Explained
Anglo American (JSE: AGL) cut De Beers by $2.3bn and posted a $3.7bn loss, yet EBITDA rose. Impairments, lab-grown…
Trellidor (JSE: TRL): HEPS Down Up to 99.97%. Now What?
Trellidor (JSE: TRL) warned HEPS would fall up to 99.97% as a big UK project ended. Lumpy revenue, cost cuts, a…
Coca-Cola’s R45bn CCBA Sale: Is Coke Leaving South Africa?
Coca-Cola is selling 75% of Coca-Cola Beverages Africa to Coca-Cola HBC for $2.6bn. Refranchising, what changes in SA…
Starbucks (NASDAQ: SBUX): Why Spend $1bn to Close Stores?
Starbucks (NASDAQ: SBUX) is spending about $1bn to close coffeehouses and cut 900 office roles. Restructuring charges…
ASP Isotopes (JSE: ISO): The Pretoria Isotope Play Lists
ASP Isotopes (JSE: ISO) listed on the JSE on 27 August 2025 with Nasdaq roots and Pretoria plants. What it does, why…
MAS plc (JSE: MSP): Dividend Drought and the PKI Drama
MAS plc (JSE: MSP) grew FY25 distributable earnings 27.7% but still paid no dividend. The DJV, Prime Kapital's bid and…
The JSE stories worth knowing about, explained like a mate would at the braai. No hot tips, no spam.