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PHANTOM SHARES: The Finance Ghost: Price wars meet wild profits as chicken, fish and sugar shake SA grocers
dailymaverick.co.za
Sunday, February 8, 2026

Last week in this column, I wrote about the retailers and the Real Estate Investment Trusts as a great example of a value chain on display on the JSE. I particularly enjoy reading updates from companies at different points in the chain and seeing what the top-down and bottom-up views look like. T...
Last week in this column, I wrote about the retailers and the Real Estate Investment Trusts as a great example of a value chain on display on the JSE. I particularly enjoy reading updates from companies at different points in the chain and seeing what the top-down and bottom-up views look like. This week, I’m looking at a different (but closely related) value chain: food retail and food producers.
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