Full ETF Guide for South Africans available now in PDF format to download, print, or share. Find it in the telegram below - more to come t.me/+QH7vccvASEg4MTA0

TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: -1.75% JSE Top 40: -1.90% Industrial 25: -1.07% Financial 15: -1.08% Resource 10: -3.32% Mid Cap: -0.95% Small Caps: -0.66% USDZAR: R16.45 Biggest Winners (Large Caps): - Growthpoint Properties +0.78% - Clicks Group +0.74% - Woolworths +0.43% - Shoprite +0.36% - OUTsurance +0.31% Biggest Losers (Large Caps): - Anglo American -5.39% - Glencore -5.32% - Sibanye-Stillwater -4.78% - Impala Platinum -3.63% - Harmony Gold -3.55% USA 🇺🇸 Dow Jones -0.00% S&P500 +0.68% Nasdaq +1.53% (Note markets are still open) Rest of the world Dax 🇩🇪 -1.18% CAC 40 🇫🇷 -1.11% AEX 🇳🇱 -0.13% Euro Stoxx 50 🇪🇺 -0.96% Nikkei 225 🇯🇵 -0.62% Hang Seng 🇭🇰 +0.52% KOSPI 🇰🇷 +1.76% Commodities Gold -0.48% Silver +0.22% Platinum +1.22% Palladium +0.44% Copper +0.02% Brent Crude -1.08% Crude Oil WTI -0.95% Natural Gas -1.16% Crypto Bitcoin -0.28% Ethereum -0.76% XRP -0.69% BNB +0.22%

**Upcoming Dividends JSE Capitec Limited will be paying R31.10 per share. 🔹 Last trading date - 20 October 2026 🔹 Payment date - 26 October 2026 Mustek Limited will be paying R0.375 per share. 🔹 Last trading date - 20 October 2026 🔹 Payment date - 26 October 2026 Heriot Reit Limited will be paying R0.7618107 per share. 🔹 Last trading date - 20 October 2026 🔹 Payment date - 26 October 2026 Texton Property Fund Limited will be paying R0.1845 per share. 🔹 Last trading date - 20 October 2026 🔹 Payment date - 26 October 2026 Remgro Limited will be paying R4.22 per share. 🔹 Last trading date - 20 October 2026 🔹 Payment date - 26 October 2026 Wilson Bayly Holmes-Ovcon Limited will be paying R3.20 per share. 🔹 Last trading date - 20 October 2026 🔹 Payment date - 26 October 2026 Bowler Metcalf Limited will be paying R0.478 per share. 🔹 Last trading date - 20 October 2026 🔹 Payment date - 26 October 2026

Calgro M3 Holdings Interim Results for 6 Month Ended 31 August 🔹Group revenue increased by 1.22% to R465 million from R460 million 🔹Headline earnings per share decreased by 4.67% to 78.99 cents from 82.86 cents, while earnings per share decreased by 4.83% to 78.99 cents from 83.00 cents 🔹Memorial Parks revenue increased by 20.04% to R47.81 million from R39.83 million 🔹Memorial Parks revenue growth was attributed to volume growth, with grave sale volumes up 16.21% and burials up 19.19% 🔹The Group held 1 724 serviced residential opportunities and 1 418 residential opportunities under construction and/or held in stock 🔹Approximately 55% of the 1 418 residential opportunities under construction and/or held in stock has been sold to rental investors through guaranteed off-take agreements 🔹Net asset value per share increased by 4.49% to R17.21 from R16.47 at February 2026 🔹Net debt to equity was 0.86 compared with 0.74 at February 2026 🔹The Group has accepted an offer to purchase the Cornubia non-core asset, and the buyer is within the due diligence period 🔹The Group expects the operating environment to remain constrained, with upcoming municipal elections expected to add complexity to approval and service delivery timelines in the near term 🔹The Bankenveld District City project remains on track for completion of phase 1 bulk and link infrastructure in Q1 FY 2028 🔹No interim dividend was declared for the period ended 31 August 2026 (2025: Nil)

TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: +0.69% JSE Top 40: +0.82% Industrial 25: +0.31% Financial 15: +0.14% Resource 10: +1.88% Mid Cap: -0.26% Small Caps: -0.29% USDZAR: R16.48 Biggest Winners (Large Caps): - Sibanye-Stillwater +4.06% - Gold Fields +3.20% - Harmony Gold +3.01% - Glencore +2.90% - Pan African Resources +2.69% Biggest Losers (Large Caps): - Shoprite -2.05% - Remgro -1.75% - Northam Platinum -1.61% - NEPI Rockcastle -1.29% - Clicks Group -1.25% USA 🇺🇸 Dow Jones +0.00% S&P500 -0.62% Nasdaq -1.38% (Note markets are still open) Rest of the world Dax 🇩🇪 +0.95% CAC 40 🇫🇷 +0.28% AEX 🇳🇱 +0.91% Euro Stoxx 50 🇪🇺 +0.58% Nikkei 225 🇯🇵 +1.39% Hang Seng 🇭🇰 -0.52% KOSPI 🇰🇷 +2.05% Commodities Gold +0.53% Silver +0.58% Platinum +1.31% Palladium -0.58% Copper +0.58% Brent Crude +0.81% Crude Oil WTI -0.07% Natural Gas -3.28% Crypto Bitcoin -1.10% Ethereum -0.53% XRP -1.87% BNB -0.74%

JSE Midday Brief 🇿🇦 JSE All Share: +0.37% JSE Top 40: +0.41% Industrial 25: +0.44% Financial 15: +0.10% Resource 10: +0.72% Mid Cap: -0.17% Small Caps: +0.04% Biggest Winners (Large Caps): - Pan African Resources +2.34% - Harmony Gold +2.15% - Gold Fields +1.96% - Anglogold Ashanti +1.31% - Sibanye-Stillwater +1.31% Biggest Losers (Large Caps): - Sasol -1.57% - NEPI Rockcastle -1.36% - Remgro -1.07% - Anglo American -0.69% - Nedbank -0.67% USDZAR: R16.41 Gold +0.82% Silver +1.45% Platinum +1.61% Palladium +0.49% Copper +1.30% Brent Crude -0.39% Crude Oil WTI -0.92%

JSE Morning Brief 🇿🇦 JSE All Share: +0.31% JSE Top 40: +0.35% Industrial 25: +0.45% Financial 15: +0.04% Resource 10: +0.54% Mid Cap: +0.00% Small Caps: +0.12% Biggest Winners (Large Caps): - Pan African Resources +1.87% - Harmony Gold +1.27% - MTN Group +1.21% - Anglogold Ashanti +1.20% - Woolworths +1.14% Biggest Losers (Large Caps): - Anglo American -1.22% - Sasol -1.00% - Remgro -0.44% - Investec Ltd -0.28% - NEPI Rockcastle -0.23% USDZAR: R16.45 Gold +0.87% Silver +1.19% Platinum +1.78% Palladium +0.71% Copper +0.92% Brent Crude -0.44% Crude Oil WTI -0.84%

TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: +1.53% JSE Top 40: +1.68% Industrial 25: +1.27% Financial 15: +1.69% Resource 10: +2.08% Mid Cap: +1.18% Small Caps: +0.94% USDZAR: R16.54 Biggest Winners (Large Caps): - Valterra Platinum +3.53% - Impala Platinum +3.46% - Sibanye-Stillwater +3.06% - Anheuser-Busch InBev +3.04% - Northam Platinum +2.99% Biggest Losers (Large Caps): - Glencore -1.15% - BHP Group -1.14% - Old Mutual -0.15% - Anglo American -0.10% - MTN Group +0.05% USA 🇺🇸 Dow Jones +0.87% S&P500 +0.09% Nasdaq -0.33% (Note markets are still open) Rest of the world Dax 🇩🇪 +0.33% CAC 40 🇫🇷 +0.78% AEX 🇳🇱 -0.40% Euro Stoxx 50 🇪🇺 -0.36% Nikkei 225 🇯🇵 -4.90% Hang Seng 🇭🇰 -1.03% KOSPI 🇰🇷 -7.57% Commodities Gold +1.56% Silver +2.37% Platinum +0.71% Palladium +3.42% Copper -1.34% Brent Crude +0.00% Crude Oil WTI +2.42% Natural Gas +0.75% Crypto Bitcoin +0.79% Ethereum +0.72% XRP +0.44% BNB +0.37%

JSE Midday Brief 🇿🇦 JSE All Share: +0.78% JSE Top 40: +0.89% Industrial 25: +0.44% Financial 15: +1.05% Resource 10: +1.25% Mid Cap: +0.58% Small Caps: +0.49% Biggest Winners (Large Caps): - Harmony Gold +2.89% - Clicks Group +2.85% - Anglogold Ashanti +2.73% - British American Tobacco +2.54% - Gold Fields +2.50% Biggest Losers (Large Caps): - Anglo American -3.46% - BHP Group -3.23% - Glencore -3.11% - Prosus -0.65% - Naspers -0.62% USDZAR: R16.51 Gold +1.62% Silver +1.62% Platinum +0.51% Palladium +3.06% Copper -1.53% Brent Crude -1.88% Crude Oil WTI -0.33%

MONDI Q3 2026 Trading Update 🔹Underlying EBITDA was €196 million in Q3 2026, including nil forestry fair value gain, compared with €167 million in Q2 2026 (including a €43 million forestry fair value loss) and €223 million in Q3 2025 🔹Higher average selling prices offset input cost inflation in the quarter, with good order books supporting positive price momentum 🔹Excluding forestry fair value, underlying EBITDA was lower sequentially, primarily reflecting planned maintenance shuts 🔹Input costs were higher than expected as energy-related costs continued to increase through the quarter, in addition to an anticipated increase in wood costs in Central and Eastern Europe 🔹Corrugated Solutions margins were affected by competitive pressure and the lag in passing on paper price increases, while Containerboard saw positive pricing momentum offsetting higher input costs 🔹Uncoated Fine Paper experienced seasonally weaker demand and higher input costs 🔹Further price increases for a number of paper grades were announced during the quarter, with the benefit expected towards the end of 2026 and into 2027 🔹Forestry fair value gain is expected to be nil in Q4 2026 if current prices prevail, in particular South African diesel prices, with energy prices described as highly volatile and hard to predict 🔹CEO stated that higher packaging paper prices are expected to support performance as the company enters Q4, notwithstanding ongoing input cost pressures

JSE Morning Brief 🇿🇦 JSE All Share: +0.71% JSE Top 40: +0.81% Industrial 25: +0.74% Financial 15: +0.99% Resource 10: +0.77% Mid Cap: +0.28% Small Caps: +0.51% Biggest Winners (Large Caps): - Anheuser-Busch InBev +3.75% - British American Tobacco +2.95% - Anglogold Ashanti +2.61% - Gold Fields +2.09% - Harmony Gold +2.03% Biggest Losers (Large Caps): - Anglo American -4.04% - BHP Group -3.91% - Glencore -3.28% - Sasol -0.68% - Pan African Resources +0.00% USDZAR: R16.54 Gold +1.36% Silver +1.28% Platinum -0.01% Palladium +1.82% Copper -1.74% Brent Crude -1.84% Crude Oil WTI -1.13%

EasyAI down -6.5% today as the high beta play unwinds Despite being an ETF, know which ones still experience high volatility EasyAI has performed well when the high beta AI tech stocks have rallied, however that same effect takes place when the market goes down Just be careful, not emotional 👊 I hold EasyBF which is more balanced

Is gold going to get some attention now?

Tharisa Minerals entered a binding arrangement for the sale of PGM concentrate to Rustenburg Platinum Mines, a subsidiary of Valterra Platinum From 2027-01-01, Valterra Platinum will purchase 50% of the PGM concentrate produced by the Tharisa Mine under a multi-year agreement Northam Platinum will retain the existing offtake arrangement for the remaining 50% of Tharisa Mine PGM concentrate production Tharisa and Valterra Platinum will collaborate on fine chrome recovery and beneficiation using Tharisa’s Vulcan X technology

Famous Brands Trading Statement for 6 Months Ended 31 August 🔹Basic EPS for the six months ended 31 August 2026 is expected to differ by at least 20% from the six months ended 31 August 2025 🔹HEPS is expected to be between 205 cents and 252 cents, compared with 236 cents in the prior comparable period 🔹EPS is expected to be between 157 cents and 205 cents, compared with 236 cents in the prior comparable period 🔹The expected decline in EPS is mainly attributable to a R40.9 million goodwill impairment relating to Retail Group Proprietary Limited in Botswana 🔹The Group expects to publish its results on SENS on or about 2026-10-21

Moody's says South Africa is on the right path for a rating upgrade as long as fiscal performance keeps improving, Bloomberg reports

TODAY'S MARKET BRIEF JSE 🇿🇦 JSE All Share: -0.82% JSE Top 40: -0.85% Industrial 25: -0.08% Financial 15: -0.22% Resource 10: -2.29% Mid Cap: -0.68% Small Caps: -0.59% USDZAR: R16.64 Biggest Winners (Large Caps): - Richemont +2.21% - British American Tobacco +1.23% - Bid Corporation +0.99% - Sasol +0.86% - Old Mutual +0.75% Biggest Losers (Large Caps): - Valterra Platinum -4.75% - Growthpoint Properties -4.30% - Impala Platinum -4.24% - Sibanye-Stillwater -3.99% - Anglogold Ashanti -2.45% USA 🇺🇸 Dow Jones -0.12% S&P500 -0.95% Nasdaq -1.43% (Note markets are still open) Rest of the world Dax 🇩🇪 +0.15% CAC 40 🇫🇷 +0.58% AEX 🇳🇱 +0.69% Euro Stoxx 50 🇪🇺 +0.38% Nikkei 225 🇯🇵 -0.05% Hang Seng 🇭🇰 +0.18% KOSPI 🇰🇷 -0.44% Commodities Gold -1.67% Silver -5.79% Platinum -3.36% Palladium -2.52% Copper -0.86% Brent Crude +0.17% Crude Oil WTI +0.97% Natural Gas -3.02% Crypto Bitcoin -1.82% Ethereum -2.66% XRP -2.79% BNB -1.69%

$USDZAR Rand weakens to over R16.50 and Gold falls over -1.5%

🇺🇸 U.S Headline CPI 3.7% higher than expected 3.6% Core CPI 2.6% higher than expected 2.5% This war was really just a great stuff up

UBS Group AG has acquired an interest in Sibanye-Stillwater ordinary shares UBS Group AG's total interest now amounts to 5.02% of the company's total issued ordinary shares