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.

Listen · 1:28 · AI-read recap
  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.