RC 260930Power FMTehillah Niselow
Wednesday, 30 September 2026
Power Business focused on South Africa’s strained economy, with falling formal employment and real salaries contrasted against growth in banking, global services and access to opportunities.
- 19:22
South Africa’s formal non-agricultural sector lost 14,000 jobs between March and June, including 40,000 full-time positions; manufacturing recorded the largest losses, while part-time jobs rose by 26,000.
- 19:12
Real salaries fell 2.1% year-on-year in the first eight months, with average net pay down 0.1% month-on-month in August as inflation outpaced earnings.
- 18:44
Capitec reported 19% growth in headline earnings to R9.5 billion, driven by broader contributions from business banking, insurance and fintech alongside its personal banking base.
- 18:57
Gauteng’s Vula Matsuba initiative brought more than 9,000 verified opportunities together, including R900 million in funding opportunities, but officials stressed it is not a job guarantee or funding scheme.
- 19:37
South Africa’s global business services sector added 8,825 jobs between April and June, with nearly half serving UK clients as the industry shifts towards digital, analytical and higher-value work.