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.

Listen · 1:40 · AI-read recap
  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.