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Ghost Biz - 23 October 2025

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Coming up on Ghost Biz:
A tough week for retail, solid banking news, and a bit of excitement on the JSE.
Gary and the Finance Ghost discuss:

TFG (Foschini Group) – Shares plunged after a grim trading update.

Standard Bank – Steady as ever with consistent earnings growth around 8%.

Cell C & Blue Label – IPO on the horizon. Clean balance sheet, renewed strategy, but investors will need faith as historical numbers remain murky.

Optasia – A rare new listing on the JSE. This fintech’s rapid growth (EBITDA up 91%) and wide African reach signal some much-needed optimism for the market.
23 Oct 2025 English South Africa Business · Business News

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