RC 261016702Stephen Grootes
Friday, 16 October 2026
Competition rules, a looming budget, and cuts to car-assembly incentives dominated this Money Show, with the Reserve Bank's payments overhaul and a 52-count fraud conviction also featuring.
- 18:11
Government has added a regulation requiring the Competition Commission to give companies a chance to comply with merger conditions before seeking to undo a merger, a change one compliance specialist says gives firms a fairer hearing.
- 18:04
Economists expect the medium-term budget policy statement on 21 October to show a tax revenue overrun of 50 billion rand or more, with PSG's Johan Als seeing the deficit narrowing to 3.5% of GDP.
- 18:20
Trade minister Parks Tau wants to phase out government support for semi-knockdown car assembly, a move BDO's automotive sector lead says the industry has long been waiting for.
- 18:30
The Reserve Bank wants to modernise the payment system because South Africa lags Brazil and India in digital payments, aiming to boost competition, expand access and reduce transaction costs.
- 18:31
Former group financial manager Reginald Schultz was convicted on 52 counts of fraud involving more than 8.7 million rand taken from Butzelo Mills through fake service-provider payments over five years.