RC 260911702Stephen Grootes
Friday, 11 September 2026
Leadership turmoil at African Bank dominated the episode, alongside scrutiny of its capital position, pressure from higher oil-driven inflation, and debates over sport’s pursuit of younger audiences.
- 18:11
African Bank’s CFO Anbad Chetty resigned with immediate effect and will be replaced by Given Bhutana Mabena; analyst Goki Goiman said the lender urgently needs permanent leadership and board stability.
- 18:13
Goiman said African Bank’s rapid expansion pushed costs and bad debts sharply higher, while a capital-moving scheme angered the Reserve Bank; the bank’s planned IPO has been postponed to 2030.
- 18:30
Economist Gina Schoeman said South Africa’s Reserve Bank faces a difficult rate decision as higher oil prices delay the inflation peak, with markets pricing roughly even odds of a hike.
- 18:24
Liv Golf’s money-led model faltered after it failed to secure an agreement with the PGA, while its Saudi backing reportedly disappeared and the league cut about 90% of staff.