RC 260930702Stephen Grootes
Wednesday, 30 September 2026
The episode focused on strong Capitec and PIC results, a slowing economy, AI’s threat to future entry-level jobs, and the governance challenges facing South African institutions.
- 18:06
Capitec’s interim headline earnings rose 19% to R9.5 billion, despite setting aside R5.7 billion for bad loans as business customers showed increasing strain.
- 18:31
The PIC’s assets under management grew nearly 20% to R3.657 trillion despite R172 billion in withdrawals, driven mainly by investment performance and market movements.
- 18:45
PwC cut South Africa’s growth outlook to 1.1% this year and 1.3% next year, citing weaker momentum, global pressures and unresolved infrastructure bottlenecks.
- 18:54
AI has not yet reduced employment overall, but automation is already affecting junior clerical roles and could make it harder for young South Africans to secure first jobs.
- 19:43
Governance expert Palmy Natasen said rules cannot replace accountability and consequences, warning that misconduct persists when people at the top do wrong and escape punishment.