Ghost Biz - 12 March 2026
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Today in Ghost Biz, Gary Stroebel and The Finance Ghost discuss:
• Absa Group: A strong year with headline earnings and dividends up around 12%, supported by solid growth in corporate banking and a sharp earnings surge from its Africa operations.
• Shoprite Holdings: The retailer warns of a steep earnings drop of more than 50%, with economic weakness in Botswana and food deflation in Zambia weighing heavily on performance.
• Santam: Strong insurance results with premiums up nearly 15% and underwriting margins improving significantly, although foreign exchange losses trimmed overall investment returns.
• Absa Group: A strong year with headline earnings and dividends up around 12%, supported by solid growth in corporate banking and a sharp earnings surge from its Africa operations.
• Shoprite Holdings: The retailer warns of a steep earnings drop of more than 50%, with economic weakness in Botswana and food deflation in Zambia weighing heavily on performance.
• Santam: Strong insurance results with premiums up nearly 15% and underwriting margins improving significantly, although foreign exchange losses trimmed overall investment returns.
