RC 260911Cape TalkStephen Grootes
Friday, 11 September 2026
Leadership turmoil at African Bank, rising consumer fees and a luxury Cape Town retirement development dominated a business-focused episode with wider market and sport analysis.
- 18:14
African Bank’s CFO Anber Chetty resigned immediately; analyst Koki Koiman linked the leadership crisis to rapid expansion, rising bad debts, capital shortfalls and Reserve Bank concerns.
- 18:46
The V&A Waterfront’s R1.4-billion Bower later-living development will offer 147 life-rights units, wellness facilities and 14 memory-care units, with prices from about R9-million.
- 19:29
Woolworths store-card fees rose to R52.50 monthly and now apply to unused or zero-balance accounts, with missed payments potentially damaging customers’ credit records.
- 18:24
The collapse of LIV Golf followed the failure to secure an agreement with the PGA, while roughly $5-billion in Saudi backing and most of its staff disappeared.
- 18:30
Economist Gina Schoeman warned that higher oil prices could keep South African inflation elevated, leaving the Reserve Bank facing a closely balanced decision on a possible rate hike.