RC 260916Power FMTehillah Niselow
Wednesday, 16 September 2026
Power Business weighed fragile economic resilience against renewed oil-price risks, while examining SARS reforms, BRICS trade opportunities, online retail and South Africa’s growing side-hustle economy.
- 18:35
Economic activity rose 0.8% month on month in August, but economist Elise Kruger called the recovery fragile, warning October fuel increases could reach two to three rand per litre.
- 18:53
SARS Commissioner Johnston Makubu said the revenue service wants to expand auto-assessments, track products to combat illicit trade and develop a trusted tax-practitioner programme.
- 19:10
The BRICS Business Council backed targets to identify 10 trade barriers, help 100 startups enter member markets annually and facilitate 1,000 cross-border business partnerships.
- 19:21
South African online retail is expected to reach R159 billion in 2026, exceeding 10% of total retail, although only 34% of urban adults currently shop online.
- 19:50
A survey found 57% of employed South Africans have more than one income source, rising to 75% among 18-to-29-year-olds as side hustles become easier to launch.