RC 260826Cape TalkStephen Grootes
Wednesday, 26 August 2026
The episode focused on corporate results, Meta’s social-media settlement, rising oxtail prices, pay transparency and South Africa’s strained higher-education funding system.
- 18:34
Meta agreed to pay up to $16.7 billion to settle claims from 29 US states and introduce default overnight blocks and two-hour daily limits for teenage users.
- 18:23
Oxtail prices rose from roughly R79 to nearly R200 per kilogram after changes to Argentina’s health certificate blocked imports, despite South Africa importing about 70% of its supply.
- 18:44
Blue Label reported a R4.8 billion net loss after converting Cell C debt to equity, but posted core profit of R677 million and reinstated shareholder dividends.
- 19:09
New pay disclosures will include the lowest-paid employee’s remuneration, average and median pay, and the gap between the highest and lowest-paid groups; experts stressed that transparency needs pay literacy.
- 19:47
Professor Linda Mayer said higher-education funding needs a complete overhaul: NSFAS overspent by more than R10 billion, while universities are owed over R10 billion.