Another good year for the FM’s small caps
The Financial Mail’s small-cap portfolio had another solid year, up around 33%. Read about our 2026 picks here
By Marc Hasenfuss
Opinion
JUSTICE MALALA: Who will succeed the ANC?
As the spectre of electoral humiliation for the ANC looms, so does the prospect of a frightening MK Party-EFF coalition
By Justice Malala
Features
Hot Stocks 2026: Can South Africa Inc fire up?
The expected renaissance in South Africa Inc stocks failed to materialise meaningfully last year. Will 2026 be different?
By Marc Hasenfuss
SIMON BROWN: When illiquid silver turns to liquid gold
Demand for silver has been creeping higher, and supply has not kept up. Add traders into the picture, and the market skews to undersupplied, which will see prices go higher.
JAMIE CARR: French lessons from China
MiniMax is thriving with its AI ‘companions’, while Soho House, built on old-fashioned human interaction, is doing rather less well.
MARC HASENFUSS: Bank on bah humbug
Continued momentum from last year’s payoffs, potential buyouts and a buoyant restructuring space should make for action aplenty in the year ahead
Markets Data
Editor’s Choice
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.
Top Stories
JAMIE CARR: French lessons from China
SIMON BROWN: When illiquid silver turns to liquid gold
THE FINANCE GHOST: Arms and the (orange) man
BROKERS’ NOTES: Buy Goldrush, sell Optasia
Forever welcome in the Namibian desert
PATRICK BULGER: Ideological exhaustion
Making waves in False Bay
DUNCAN McLEOD: AI is making your next PC unaffordable
DINNER PARTY INTEL: Home robots, Grassy and a book boom
EDITORIAL: Tread carefully in the global minefield
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Clinic blockades: It is the state’s obligation to remove every barrier to health services
A recent ruling on vigilantism at clinics reminds the government of its constitutional duties
EDITORIAL: Tread carefully in the global minefield
Wise diplomacy has seldom been more important than it is now amid the crumbling certainties of what is no longer a predictable world
MARC HASENFUSS: Bank on bah humbug
The year ahead offers plenty of potential for punters who bank on good deals