RC 261029Cape TalkStephen Grootes
Thursday, 29 October 2026
Stats SA's upward GDP revision and its lower debt-to-GDP ratio led a Money Show episode that also covered Cape Town taxi violence, proposed SIM-swap rules and the cannabis black market.
- 19:31
Stats SA's rebasing lifted 2022 nominal GDP by about R324 billion to nearly R7 trillion, cutting the debt-to-GDP ratio to about 74.5% from 78.2%, though the rand amount of government debt has not fallen.
- 19:32
Codeta taxis have returned to work after meeting Western Cape government and City of Cape Town officials, but the Delft Palm taxi rank remains closed under police and army guard.
- 18:49
ICASA wants mobile networks to biometrically verify customers at onboarding, at every SIM swap and for existing customers, to stop SIM-swap scams and untraceable numbers.
- 18:23
Formal cannabis sales are only about R5 to R6 billion a year, against an estimated R25 billion sector, meaning much of the trade still runs on the black market and informal channels.
- 18:33
More than 1,600 signatories have petitioned the UCT council to ask Council Chair Norman Arendse to step down, alleging he breached the code of conduct; Arendse says he will respond through official channels.