Thursday, 20 August 2026

U.S. total debt crossed $40 trillion, fuelling worries about inflation and the dollar after Treasury said it would double long-bond buybacks; gold moved back above $4,500 and the rand strengthened.

President Cyril Ramaphosa appointed new Financial and Fiscal Commission members for five years, with Nhlanhla Nene saying the body must help Parliament shape revenue division and fiscal discipline.

Spur Corporation reported a strong year to 30 June 2026: revenue rose 8.5%, franchise turnover passed R12 billion, and cash sat just below R500 million despite a R130 million litigation provision.

Standard Bank has taken smart ID services to more than 119 branches, with the roll-out aimed at rural and underserved customers; passport applications and renewals are expected to follow before year-end.

Exaro Resources lifted revenue 7% and production across coal, renewable energy and manganese, while maintaining a 47th consecutive dividend; management said the manganese push is becoming a major growth pillar.