| ROLLICKING RAND, COALITION COHERENCE, AND A 2026 RECKONING |
Any bets on the Rand spending some quality time under the R17/$ mark? The characteristically cloudy skies of early summer, in KZN anyway, contrasts nicely with a largely positive disposition in the wake of yesterday’s upbeat national mini-budget. For a nabetragting of what went down, read a post-mortem account at a RMB shindig yesterday.
It’s way too early to infer anything of permanence, but there’s little doubt that the consensus politics of coalition government is helping to shape a more fruitful narrative. It’s a theme some commentators picked up on yesterday in our inaugural What Our Readers Say initiative with pointed references to the city’s struggle to entrench a culture of accountability and consequence management. To see what some readers said, scroll down to the section below. And feel free to pen your thoughts today. Happy weekend and safe, that is defensive, driving in any weather. Speak on Monday. Derek Alberts (Editor)
|
| TRIPLE CELEBRATION CEMENTS BUSINESS AND COMMUNITY COMPACT |
 |
(ltr) Sagren Narasimulu (Makhaotse Narasimulu and Associates), winners Sashwin Padayachee and Shalen Barath, Moosa Allee (Moosa Allee Insurance Brokers) and Richard Rangiah (Community Chest).
The 2025 Community Chest Remarkable Man Golf Day celebrated three milestones - Community Chest’s 65th anniversary, Makhaotse Narasimulu’s 25th, and Bulldog Construction’s 20th - underscoring the strong bond between business and charitable outreach. The event at the Maritzburg Golf Club raised awareness about prostate cancer that affects one in 15 men. In the spirit of the occasion, Nearest to the Pin winner Anban Naidoo donated his R5 000 winnings back to the cause.
An extensive list of in-cash and in-kind sponsors contributed to the success of the event - AET Security, Capital Newspapers, Moosa Allee Insurance Brokers, Joeys Towing Services, PTA Petroleum, PK Valves, IntelliRad, Hayfields Kwik Spar, Comrades Marathon Association, Sandy Govender, Govender’ Garage, Drakewoods, Waynes Scrap Metal, Phil Precious, Matelec, Tatham Wilkes, Eyelab (Spec Savers - Maritzburg Arch), Foodpak, Shospec, Hopelands Cancer Centre, Inspect-A-Pest, Liberty Liquors, NTE Company, Sarico Foods, Scottsville Mall, Omega Pharmacy, Zylem, UEIS, Nexgen, Regal Inn, Best Drive and Shane Moodley.
|
| PAY ATTENTION TO THE 12 MICRO-TRENDS SHAPING THE JOB MARKET |
We know about macro-trends shaping the employment landscape, but what about the swirling under-currents that help define the dynamics of the contemporary job market? Spoiler alert, it’s about homing on total rewards to incentivise great performance in an organisation, as outlined in this concise explanation of 12 micro-trends.
|
2006: Parliament approved the controversial Civil Unions Bill which provided for same-sex marriage.
2010: Germany’s Sebastian Vettel becomes the youngest Formula One world drivers' champion at 23.
World Diabetes Day is observed today, in recognition of this lifestyle-related disease. |
RAND SOARS AS LOWER INFLATION TARGET LIFTS MARKETS
The Rand strengthened below R17 per US Dollar for the first time since February 2023, while South African bonds and stocks surged after the mid-term budget confirmed a reduced inflation target of 3%. The benchmark 2035 bond yield fell to 8.61%, the lowest since 2018, as investors welcomed improved fiscal discipline and higher foreign inflows - R175 billion this year versus R73 billion in 2024.
The FTSE/JSE All-Share Index rose 2.5%, making it the world’s best-performing equity market yesterday. Analysts said the move signalled institutional maturity and could prompt an S&P credit-rating upgrade. Precious metal prices and strong carry-trade returns - 13% year-to-date - added further momentum to the Rand’s seven-day winning streak. (By Mpho Hlakudi, Bloomberg) |
...AS GLOBAL TENSIONS CAST SHADOW OVER G20 SUMMIT
Global political rifts are clouding this month’s G20 summit in South Africa, with both Chinese President Xi Jinping and US President Donald Trump skipping the event. China’s Ministry of Foreign Affairs confirmed that Premier Li Qiang will represent Beijing, while Washington has withdrawn all official participation. The absence of the world’s two largest economies - along with Russia’s limited engagement - dampens hopes for progress on trade, development, and global governance. Xi’s decision aligns with his “home-court diplomacy,” focusing on regional alliances amid strained US-China ties. Analysts say the no-shows deal a diplomatic blow to South Africa, which had hoped to showcase leadership on the global stage. (By Bloomberg News)
|
RAMAPHOSA VOWS CRACKDOWN ON CONSTRUCTION MAFIA
President Cyril Ramaphosa has vowed to dismantle construction mafias accused of extorting contractors and derailing projects worth over R27 billion nationwide. Speaking at the Presidential Infrastructure Summit, he reaffirmed government’s plan to invest R1 trillion in infrastructure over the next three years, targeting energy, transport, and water systems. The president said more than 300 incidents of site invasions have been recorded since 2019, costing jobs and delaying essential public works. Specialised units within the Hawks and National Prosecuting Authority will prioritise prosecutions, while the Infrastructure Fund, now valued at R100 billion, will safeguard investments. Ramaphosa stressed that restoring order to construction sites is vital for economic recovery and investor confidence. (SOURCE: Moneyweb)
|
... AS MCPHERSON'S DRIVE ROLLS BACK KZN SITE DISRUPTIONS
Government and industry leaders say coordinated action is finally turning the tide against South Africa’s “construction mafia”. Public Works Minister Dean Macpherson confirmed 241 arrests and 176 convictions across 770 reported cases in the past year. In KZN, monthly site disruptions fell from 60+ to fewer than 10, driven by joint operations between SAPS, business and regulators. The construction sector added 130 000 of the 248 000 new Q3 jobs, reflecting early recovery. New measures - including SACAP, procurement “war rooms” and a R300 million CIDB support allocation - aim to ensure projects run on time and on budget. (SOURCE: Moneyweb)
|
2 0000 ILLEGAL GAMBLING OPERATORS ROB R72.2 BILLION
South Africa’s illegal online gambling market has exploded, with more than 2 000 unlicensed operators and 1 134 affiliate sites targeting local players. Research by Yield Sec shows that illegal platforms now account for 62% of total gambling activity, generating R72.2 billion in gross revenues last year - almost matching the R74 billion earned legally. Around 16 million South Africans, or 27% of the population, use these offshore sites, most based in jurisdictions like Curaçao, Malta and the Philippines. These operators pay no tax, create no local jobs, and undermine consumer protection. Bookmakers are calling for IP blocking, payment restrictions, and public awareness campaigns to curb the crisis, warning that poor regulatory coordination and weak enforcement have cost South Africa billions in lost revenue. (SOURCE: Moneyweb)
|
… AS CSA SWINGS A BAT FOR PHILIPPINE-BETTING SPONSOR
Cricket South Africa (CSA) has defended its Dafabet sponsorship, clarifying that the platform is completely inaccessible to South African users, in line with national gambling laws. The deal with the Philippine-based company, worth an estimated R50 million over three years, supports domestic cricket development, grassroots programs, and major tournaments. CSA stressed that strict geo-blocking and compliance protocols prevent locals from betting, addressing ethical concerns about gambling promotion. Officials noted that international fans can access Dafabet, helping generate revenue without exposing South African audiences to online gambling risks. The partnership underscores CSA’s aim to balance commercial funding with responsible sport governance and legal compliance. (SOURCE: BDLive)
|
E-COMMERCE BOOM TO CAPTURE 10% OF RETAIL SALES
South Africa’s e-commerce sector is forecast to surge to R130 billion this year, up from R111 billion in 2024, and could represent 10% of total retail sales within five years, according to a new Market Insights report. Online transactions have grown at an average annual rate of 25% since 2020, driven by faster broadband access, secure digital payments, and the expansion of delivery services. Takealot remains the dominant player with an estimated 45% market share, followed by Checkers Sixty60 and Woolworths Dash. Analysts predict mobile commerce will account for nearly 70% of online purchases by 2027, underscoring how technology and convenience are reshaping South Africa’s retail landscape. (SOURCE: BDive)
|
GOOGLE TO FORK OUT R688 MILLION IN MEDIA SETTLEMENT
Google has agreed to a R688 million settlement with South African media companies, concluding a three-year Competition Commission inquiry into its dominance in digital advertising. The investigation found that Google controlled more than 80% of the local online ad market, disadvantaging publishers by restricting transparency and limiting revenue-sharing opportunities. Under the agreement, participating media houses will receive compensation based on past revenue losses, while Google must implement measures to enhance reporting, ad placement transparency, and fair revenue distribution. The settlement affects dozens of local newspapers, broadcasters, and digital platforms, marking a significant precedent for regulatory oversight of global tech giants in South Africa. (SOURCE: BDLive)
|
POST OFFICE HOLDS OUT BEGGING BOWL TO PRIVATE SECTOR
The South African Post Office has officially begun seeking private-sector partners, signaling a shift away from reliance on government bailouts. The Department of Communications and Digital Technologies issued an open call inviting investors and businesses to collaborate on revitalising the state-owned entity. Officials stressed that the move aims to improve operational efficiency, expand services, and stabilise finances without further taxpayer support. The Post Office has faced years of financial strain, declining mail volumes, and operational inefficiencies. By partnering with private players, the government hopes to inject expertise, technology, and capital to modernise the service while maintaining its mandate to serve communities nationwide. (SOURCE: BDLive)
|
CELL C LAUNCHES R6.5 BID FOR JSE LISTING
Cell C Holdings has opened an offer for up to 173.4 million ordinary shares plus 9.52 million overallotment shares, ahead of its expected JSE listing on 27 November. Shares are priced between R29.50 and R35.50, with gross proceeds projected at R6.5 billion, including R2.4 billion earmarked for an empowerment vehicle. Over the past two years, Cell C has executed a turnaround strategy, improving operational efficiency, reducing capex, and leveraging MTN and Vodacom infrastructure. As of May 31, 2025, it had 7.57 million subscribers, R13.7 billion group revenue, and R3.7 billion EBITDA, positioning the company for sustainable growth post-listing. (SOURCE: Engineering News)
|
DISCOVERY BANK GOES CRYPTO TO BOOST DIGITAL REACH
Discovery Bank has partnered with cryptocurrency platform Luno, allowing clients to buy, sell, and hold digital assets directly through the bank’s app. The integration marks a major step in making crypto trading more accessible within regulated banking channels. Customers will be able to view their Luno balances alongside traditional accounts, streamlining financial management. Discovery said the move aligns with its strategy to expand digital innovation and meet growing demand for alternative investments. Analysts view the partnership as a sign of crypto’s mainstream acceptance in South Africa’s financial sector, bridging the gap between traditional banking and digital asset ecosystems. (SOURCE: Moneyweb)
|
NORTON ROSE FULBRIGHT CALLS IT QUITS IN SOUTH AFRICA
Global law firm Norton Rose Fulbright has officially exited South Africa following a “mutual decision” with local partners, ending over 20 years of operations in the country. The firm cited strategic realignment, market pressures, and declining transactional volumes as key factors. Approximately 45 South African employees will be supported through transitional arrangements, including potential placement with other local or international firms. The exit affects corporate, commercial, and banking law practices. Norton Rose Fulbright said it will maintain client relationships through its global network spanning 50+ offices worldwide, signalling a shift in focus toward more profitable markets while closing its direct South African footprint. (SOURCE: News24)
|
 |
TECH TALKS FORUM
This forum is designed to keep you up to-date with latest technology trends and offers a deeper understanding of the tools you already use. Expert speakers address key technologies.
1st Speaker: An Introduction to Business Continuity & Disaster Recovery (BCDR)
From IT failures to unforeseen incidents, operational disruptions are a constant risk. This talk will clarify what BCDR is and outline a practical approach for creating a robust plan. Learn how to ensure your business can maintain critical functions and recover efficiently, minimising downtime and financial loss.
2nd Speaker: Threat Modelling for SMEs
It's difficult to protect your business if you don't know where you are most vulnerable. This session introduces Threat Modelling - a strategic process for identifying and prioritising potential threats to your organisation. Focused on strategy over technical detail, it will provide SME leaders with a clear framework to strengthen their cybersecurity posture effectively.
This combined session is essential for any business owner aiming to enhance their organisational resilience.
Presenter : Noel Thompson Altostratus Tech
Expect insightful discussions, live Q&A.
Date: 21 November 2025
Time: 10:00
Venue: PMCB Offices - 1 Parkhaven , 55 Macleroy Road, Northern Park, Pietermaritzburg
Cost: Free - PMCB members, R50 (incl. vat) non PMCB members |
Thank you to readers who shared their thoughts, we're looking forwad to more of your views and perspectives. Herewith some comments from yesterday.
3% inflation target: A welcome sign of financial prudence, let's hope it means greater responsibility going forward.
Local Government. Just think how much better off Pietermaritzburg would be were it to be governed by a coalition of reasonably competent people coordinating their experiences for the betterment of all its citizens? Just like the latest budget - the best in 30 years if implemented! Roll-on the 2026 elections!
Cleaning the city: A coincidence maybe, but funny that the garbage trucks were rolling through the city hours after the story in your publicating ka**ing on the city's waste department.
Feel free to comment on today's stories in eBizBlitz. To comment, click here. |
|
|
Although the world is full of suffering, it is full also of the overcoming of it.
Helen Keller |
|
|
|
| Dollar | R17.03 | + 0.06% | | Pound | R22.39 | + 0.31% | | Euro | R19.84 | - 0.16% | | Yen | 0.110455 |
| | Yuan | R2.40 | - 0.01% | | Bitcoin | $ 96 963.70
| - 1.78% |
These rates are correct at time of going to press. | | Platinum | $ 1 593.85
| + 0.91% | | Gold | $ 4 187.05
| + 0.31% | | Oil | $ 63.98
| + 1.68% | | All Share | 114 046.71 | + 1.01% | | Repo | 7.00 | | | Prime | 10.50 | |
|
|
|
|
|
