RC 260817SAfm
Monday, 17 August 2026
Governance shake-ups at SAA and Spar dominated the hour, alongside a bullish read on South African bonds and practical warnings about using AI for financial advice.
- 18:26
South African Airways’ acting CEO was placed on special leave, deepening concerns about a broader malaise at the airline after previous leadership exits, adverse audit findings and ongoing losses.
- 18:19
Spar’s chair and deputy chair resigned after months of governance pressure; the board wants retail-experienced replacements to reset relations with independent retailers and steady the investment case.
- 18:36
South Africa’s bond market has outperformed strongly, with the curve steepness narrowing from about 285 basis points to around 100 basis points as investors price in better fiscal prospects.
- 18:51
AI can help investors digest information and compare costs, but it should not receive personal data or replace a planner, especially when behavioural mistakes can erode returns and raise long-term losses.