RC 261014Cape TalkStephen Grootes
Wednesday, 14 October 2026
A milk price cut threatening dairy farmers dominated this Money Show, alongside Cosatu's leadership change, an IMF growth warning and a contested Cherry car recall.
- 18:19
Lactalis, which owns Danone, wants to cut the price it pays dairy farmers for milk by more than 10% over the year, a cut the Milk Producers Organization says is of great concern.
- 18:35
The IMF says global growth is expected to slow to 3.1% this year before improving to 3.4% in 2027, with Middle East conflict and oil shocks leaving emerging economies like South Africa vulnerable.
- 18:31
Mike Shingange was elected Cosatu president at the federation's national elective conference in Kempton Park, taking over from Zingiswa Losi, who became general secretary, and called for solidarity.
- 18:34
Postbank wants R2.5 billion from National Treasury to become a commercial state-owned bank, with R500 million earmarked for infrastructure and skills development in the short term.
- 19:24
Cherry's brake recall affected 3,474 of 9,500 Tiggo 8 Pro Max vehicles sold locally, yet it was never announced publicly, with the National Consumer Commission investigating.