Tuesday, 8 September 2026

South Africa’s economy contracted 0.2% in the second quarter after six quarters of growth; trade, catering and accommodation fell 1.9%, while agriculture and transport expanded.

Economist Sefiso Ginjana said weak infrastructure investment reflects a lopsided economy, with only five of 480 earmarked projects having completed project preparation and become bankable.

ASISA said ten transformation frameworks from seven government authorities are creating costly complexity; it called for coordinated policy design while warning that progress could be reversed.

Old Mutual reported operations per share up 11%, sales up 21% and its bank nearing one million customers, while promoting chief risk officer Ranan Takurden to CFO.

Warren Ingram advised parents to start saving early, match investment risk to the education timeline and avoid sacrificing retirement savings to fund children’s education.