POWER Business

Thursday, 17 September 2026

Power Business weighed Kempton Park killings alongside strong Momentum results, SMME growth barriers, and the governance risks of AI in business.

1. 19:02

   Police intensified investigations into nine women’s bodies found across Ekurhuleni, with Acting Police Minister Feroz Kachalia ordering surveillance technology and every available resource to identify perpetrators.

2. 19:04

   The Constitutional Court invalidated the Public Procurement Act of 2024, finding that late changes excluded required public participation; government says it will respect the ruling.

3. 18:35

   Momentum Group reported normalized headline earnings above R7 billion, up 13%, reaching its target a year early; five divisions each exceeded R1 billion profit.

4. 18:50

   Shoprite’s SMME research found 39.1% of surveyed businesses employ one to five people, highlighting that resilience is not translating into commercial scale or job creation.

5. 19:14

   AI governance must protect trust by combining automation with human judgement, reviewing individual complaints and checking whether efficiency gains are eroding customer relationships or accountability.

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