Monday, 3 August 2026
Court battles and accountability stories dominated, led by the DA’s constitutional challenge to the Expropriation Act, PIC governance concerns, and flood victims left on the pavement in Durban.
Update at Noon · SAfm · Sakina Kamwendo
- 12:50
The DA asked the Western Cape High Court to strike down the Expropriation Act, arguing Section 19 is irrational and that the NCOP vote was unlawful, leaving the law unconstitutional and invalid.
- 12:20
Finance Minister Enoch Godongwana said the Public Investment Corporation’s trouble is governance, not liquidity, with the FSCA, Auditor-General, SIU and Public Protector all probing the asset manager.
- 12:47
Ramaphosa said workers’ money at the PIC is safe, insisted there is no crisis, and framed the new board’s job as restoring stability after governance failures at the 3.6 trillion rand fund.
- 12:56
Thirteen flood-displaced families in Durban’s Point Precinct say they have been left on the pavement after being told they do not qualify for permanent housing, despite earlier government accommodation.
- 12:13
South Africa’s energy delegation in China sought investment for electricity infrastructure, transmission and renewables, with officials saying six Chinese companies will expand locally and 40% of power should come from renewables by 2030.