RC 260826SAfm
Wednesday, 26 August 2026
The episode focused on PIC accountability over troubled Ephora, Blue Label’s post-Cell C results, rand strength, financial literacy and risk in bullish markets.
- 18:27
Ephora faces a Gauteng High Court liquidation application after receiving about R760 million in PIC funding; its shares are suspended and its market value has fallen to roughly R19 million.
- 18:34
Public Interest South Africa said repeated PIC investments should have triggered fresh risk assessments, especially after forensic warnings, separating ordinary investment losses from possible governance failures.
- 18:17
Blue Label reported R9.4 billion revenue and nearly R1 billion EBITDA for the year to May 2026, while expecting cleaner, standalone results after Cell C’s separation.
- 18:10
David Shapiro said rand strength could continue towards the mid-R15s as US dollar weakness persists, although global rate, budget and geopolitical uncertainty remain significant.
- 18:39
Money Smart Week urged consumers to understand costs and risks before borrowing or investing, ask questions, complain to providers and escalate unresolved disputes to financial ombuds schemes.