Ghost Biz - 20 November 2025
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Today in Ghost Biz, Gary Stroebel and The Finance Ghost discuss:
Old Mutual — still trailing Sanlam, with sluggish growth, negative client flows, and a puzzling push into retail banking despite a tough operating environment.
Telkom — strong momentum driven by mobile and fibre data, double-digit growth in key revenue lines, and a rising mobile subscriber base.
Pick n Pay — the Ackerman family sells over 30% of their stake to manage debt, raising fresh questions about confidence in the retailer’s long and difficult turnaround.
Old Mutual — still trailing Sanlam, with sluggish growth, negative client flows, and a puzzling push into retail banking despite a tough operating environment.
Telkom — strong momentum driven by mobile and fibre data, double-digit growth in key revenue lines, and a rising mobile subscriber base.
Pick n Pay — the Ackerman family sells over 30% of their stake to manage debt, raising fresh questions about confidence in the retailer’s long and difficult turnaround.
