RC 261015Power FMTehillah Niselow
Thursday, 15 October 2026
Localisation of bus manufacturing and a KPMG insurance survey dominated this Thursday's Power Business, with a Labour Appeal Court ruling on constructive dismissal and a rand-focused market wrap also featuring.
- 18:37
A study by the Localization Support Fund says each one percentage point of local content in buses adds about R1 billion to GDP, and the bus ecosystem supports roughly 30,000 to 40,000 jobs.
- 18:42
Fragmented municipal bus buying is the core obstacle, the study finds, and raising local content could add about R300,000 per bus at first, with costs expected to fall as procurement scales up.
- 18:48
KPMG's insurance survey shows strong 2025 results for South African non-life insurers, driven largely by a benign claims year without massive fires or storms, though climate risk remains a concern.
- 18:32
The public broadcaster has raised its funding request for the local government elections from R120 million to R495 million, and the communications minister wants more detail to justify the increase.
- 19:24
Constructive dismissal is judged objectively: the employee must show that a reasonable person would find the employer's conduct intolerable enough to force a resignation, not merely that they felt unhappy.