RC 260921SAfm
Monday, 21 September 2026
Market Update focused on Remgro’s record results, proposed steel tariffs, disputed worker benefit funds, infrastructure crime and Apple’s costly new devices.
- 18:23
Remgro reported headline earnings above R10 billion, free cash flow nearly doubling to R8 billion, ordinary dividends rising 73% and a special dividend of 550 cents per share.
- 18:28
ITAC is considering raising duties on wire, tubes, springs, stoppers and other steel products, while offering rebates where domestic capacity has been curtailed; public comments close on 16 October.
- 18:36
Innovative Staffing Solutions alleges R2.59 billion in road-freight workers’ benefit funds were treated as council assets and potentially used for operating costs; the matter is before court in October.
- 18:46
OUTA called cable theft and wider infrastructure vandalism economic sabotage, urging coordinated enforcement and tougher consequences as stolen infrastructure disrupts transport, hospitals, electricity and other essential services.
- 18:52
Apple’s new iPhone range includes a first foldable Duo and no base iPhone 18; South African prices reportedly reach R60,000 for the two-terabyte Pro Max.