RC 261028702Stephen Grootes

Wednesday, 28 October 2026

Stephen Grootes' Money Show was dominated by SAA's staggered salary payments and its executive's defence, alongside a stalled gas power tender and a warning on Vacation Hub International's liquidation.

Listen · 1:37 · AI-read recap
  1. 18:48

    SAA staggered salaries after choosing to pay about 70% of staff, mainly ground staff, on the 27th, while pilots, management and executives were paid days later, Impilo Dlamini said.

  2. 18:53

    Dlamini said SAA is not asking government for cash, only a government guarantee of about 1 billion rand to help it raise capital from financial markets.

  3. 18:22

    The Department of Electricity and Energy confirmed no preferred bidders were appointed in the first round of the gas independent power producer procurement, with energy experts blaming poor coordination and missing gas infrastructure.

  4. 18:15

    Business Leadership SA's reform tracker shows momentum picked up in the third quarter, led by energy, where eight electricity reforms advanced and NTCSA cleared its backlog of curtailment payments to IPPs.

  5. 19:28

    Vacation Hub International was placed in provisional liquidation last November, yet members were still debited fees and told to stay on for bonuses, consumer attorney Trudy Brookman told Wendy Knowler.