RC 261026Kaya 959Gugulethu Mfuphi
Monday, 26 October 2026
Payments reform and a weak growth outlook dominated Kaya Biz, with Pick n Pay's turnaround numbers and South African retirement readiness rounding out the business agenda.
- 19:47
The Reserve Bank plans a new framework by end-November letting appropriately regulated non-banks perform specified payment activities, loosening big banks' grip on the payment system.
- 19:49
PayShap has passed one billion transactions since its 2023 launch, with over R1 trillion transferred, but Governor Kganyago says it still lacks consistency, clear pricing, public awareness and acceptance.
- 18:28
Deloitte's tax expert says the 1.2% growth forecast in the medium-term budget is not good enough, and that infrastructure constraints on investment must be unlocked to lift tax revenue.
- 18:58
Pick n Pay's trading profit rose more than 58% and losses narrowed about 31% in the 26 weeks to August, though the CEO says the market remains very tough for everyone.