RC 260812Power FMTehillah Niselow
Wednesday, 12 August 2026
Markets were dominated by US inflation, rand strength and commodities, while the show also dug into Weaver FinTech’s mixed results, a warning on South Africa’s shrinking tax base, and PIC governance pressure.
- 18:35
Weaver FinTech lifted group revenue 10% to R2.8 billion and payments revenue jumped 88%, but profit after tax fell 9.9% to R272 million, so the board paused the interim dividend to preserve capital.
- 18:37
Sean Wibberly said the fintech side grew strongly across lending, insurance and payments, but lending was squeezed by consumer affordability pressure, banking issues and a failed collections strategy that has since been corrected.
- 19:11
Economist Darvi Root argued South Africa is already over the sustainable tax point, with taxes and state spending taking about a third of the economy, and warned that growth under 1% cannot support the current burden.
- 19:23
The PIC’s eight-member board resignation has left fresh governance questions over more than R3 trillion in public funds; PSA says the new board must be given time, while unlisted investments remain the main concern.
- 19:37
Cabelo Temane said small businesses should first ask why they need capital, then match funding to stage and purpose, with grants, asset-backed loans, equity and catalytic capital each fitting different growth moments.