Monday, 17 August 2026

Spa chair Mike Bosman and deputy chair Shirley Zinn resigned after what they described as sustained personal attacks from franchise holders and workers, following years of losses, IT overspend and market-share decline.

The Reserve Bank has accused Castello of moving about R4 billion offshore using clients’ foreign investment and discretionary allowances; Access Bank froze one account and the company has twice failed to overturn the block.

South Africa again pushed SADC members to ratify the free-movement protocol, which would allow visa-free entry for 90 days between signatories; six of the 16 member states still have not signed.

Treasury One explained new over-the-counter derivatives rules: trades would still be privately negotiated, but cleared through a regulated, capitalised body to reduce counterparty risk and make the market safer.

The Majlanga Commission heard that Vusumuzi Katmatlala borrowed R15 million from Suleiman Karim for his Medicare 24 SAPS contract, promising Karim 10% of the payout; his evidence was postponed until next Monday.