RC 260930Cape TalkStephen Grootes
Wednesday, 30 September 2026
The episode focused on strong corporate results, PIC governance reforms, subdued economic growth, AI’s threat to first jobs, and practical workplace and data-privacy advice.
- 18:06
Capitec’s interim headline earnings rose 19% to R9.5 billion, while bad-loan provisions increased 21% to R5.7 billion amid greater pressure in business banking.
- 18:31
The PIC’s assets under management grew nearly 20% to R3.657 trillion despite R172 billion in withdrawals; it retained R869 million earnings instead of paying government a dividend.
- 18:20
PIC CEO Patrick Lamini said unlisted portfolios require major clean-up, better governance and integrated teams, with a turnaround strategy due before the board by late October.
- 18:45
PwC cut South Africa’s growth forecast to 1.1% this year and 1.3% next year, warning that global pressures and unresolved infrastructure bottlenecks are eroding momentum.
- 18:57
AI has not yet reduced jobs overall, but could automate clerical and professional work, making first-job opportunities scarcer and threatening future tax revenue unless South Africa enables youth employment.