Monday, 14 September 2026

The Pension Funds Adjudicator plans to use investigative powers to hold responsible directors and governing-body members personally liable for employers’ unpaid contributions, totalling R8.3 billion.

The Development Bank of Southern Africa reported a record R7.8 billion profit, R20.7 billion in disbursements and a 3.86% non-performing loan ratio.

Rising oil prices and bond yields pressured markets, while the probability of a US Federal Reserve rate hike was assessed at 90%, threatening the rand and growth stocks.

Over-indebted consumers were urged to assess their finances early and seek advice promptly, as waiting in arrears reduces available legal options; debt review is not automatically the first step.