RC 261021SAfm
Wednesday, 21 October 2026
Budget fallout dominated the evening, with debt stabilisation and a new fiscal anchor in focus, alongside talk of oil-driven cost pressure squeezing consumers and markets.
- 18:02
The Finance Minister said government debt is expected to stabilise at 78.4% of GDP this year, the first time in nearly two decades that the debt-to-GDP ratio has levelled off.
- 18:21
Under the proposed principle-based fiscal anchor, each administration must produce a fiscal plan that the Fiscal and Financial Commission assesses against fiscal sustainability standards.
- 18:27
SARS reported about R34 billion in extra corporate income tax, mostly from mining, though the R24 billion fuel levy relief offsets much of it, with banks also contributing strongly in June.
- 18:34
Famous Brands' interim results show free cash flow up 108% to R459 million, while group revenue rose 2.3% to R4.3 billion and operating profit fell 4.7% to R375 million.
- 18:50
Alan Gray's portfolio manager said gold and platinum shares make up about 25% of the JSE index, so index-tracking investors carry heavy exposure to precious metal prices they cannot control.