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.
- 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.
- 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.
- 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.
- 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.