Tuesday, 10 November 2026

A last-minute R10.3 billion Johannesburg wage deal, Vodacom's interim results and a 23,000-vehicle Chery recall dominated this Market Update episode.

Listen · 1:23 · AI-read recap

0:000:00

18:34
Johannesburg Mayor Dada Morero signed a R10.3 billion wage deal with Samwu before the elections, despite National Treasury's warnings that the city could not fund it. The incoming council must now deal with it.
18:17
Vodacom's EBITDA grew 40% in the first half, or about 18% excluding Safaricom, while financial services revenue rose 19% to almost R44 billion a year.
18:19
The 15% Safaricom stake bought from government is before the appeals court after challenges that proper process was not followed. Vodacom says it will argue its case strongly.
18:03
The National Consumer Commission has recalled more than 23,000 Chery vehicles, including the Tiggo 4, Omoda C5 and Tiggo 8 Pro Max, over rear axle and braking defects. Owners should check their VIN and contact dealers for free repairs.