RC 261021Kaya 959Gugulethu Mfuphi
Wednesday, 21 October 2026
Kaya Biz focused on the medium-term budget, with a cut growth forecast, rising SARS tax targets and Famous Brands' cash-flow results dominating the evening.
- 18:00
The 2026 growth forecast was cut from 1.6% to 1.2%. The DA's Kingsley Wakelin welcomed steps to stabilise public finances but says government must target growth of at least 3%.
- 18:27
Gross tax revenue is projected to rise from R2.14 trillion this year to R2.53 trillion by 2029/30, about 5.74% a year compounded, which SARS says depends on the economy and its compliance drive.
- 18:40
Finance Minister Godongwana announced fuel relief: the diesel levy is cut by R3 per litre from 4 November until 1 December, with government citing rebuilt fiscal buffers.
- 19:04
Famous Brands reported free cash flow of R459 million for the six months to 31 August 2026, and the CEO says the logistics investment cycle has now ended.
- 19:11
Signature brand Paul's revenue fell 8.4% and its operating loss widened to R9 million, with the CEO blaming pressure on aspirational luxury dining as consumers tighten spending.