RC 261029702Stephen Grootes

Thursday, 29 October 2026

Stephen Grootes' Money Show was dominated by the GDP rebasing, the legal limbo facing cannabis shops, and Icasa's plan to biometrically verify every SIM.

Listen · 1:17 · AI-read recap
  1. 18:22

    Gauteng police are reportedly preparing to shut down cannabis shops, as the Personal Use of Cannabis Act still has no promulgated regulations, leaving retail sales with no legal framework.

  2. 18:51

    Icasa wants mobile networks to biometrically verify every new customer, every SIM swap and all existing customers, to tackle unregistered SIMs and SIM-swap fraud.

  3. 19:33

    Revised estimates put the gross debt ratio at about 74.5%, down from 78.2%, but the improvement comes from a bigger economy, not from government owing or spending less.

  4. 18:18

    Last year's real GDP growth was revised lower, so the bigger economy does not mean faster growth; economist Johan Els calls it a very weak economy.