Morning all, happy Friday!
Friday, 24 July 2026
Reserve Bank keeps interest rates on hold, and that’s actually good news for your bond
The MPC decided to leave rates unchanged this week, which means if you’ve got a home loan or you’re looking to buy, things stay steady for now instead of getting more expensive. I know a hold doesn’t feel as exciting as a cut, but after the rollercoaster we’ve had the last few years, steady is something I’ll take. If you’re budgeting for a bond repayment this winter, at least you know what you’re working with for now.
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A Port Elizabeth guy just walked away with R900 million after running a Fortune 500 company in the US
This one’s a proper feel good story for me. A South African became the longest serving CEO of Henry Schein, a massive American company, and he’s leaving with a payout that most of us can’t even properly picture. It’s a good reminder that South Africans do well overseas, we’ve got the skills and the work ethic, we just don’t always get the opportunities here that we should. Makes you wonder how many more of these stories are out there that we never hear about.
[Read more →](South African man leaves with R900 million after building a Fortune 500 company in the United States – BusinessTech]
Mr Price just picked up over 2,000 stores across 7 countries
Mr Price bought out NKD and in one move basically doubled or tripled its footprint outside SA. This is a big statement that South African retail companies aren’t just surviving, they’re actually going out and buying up international competitors. Good for local investors, good for the JSE, and honestly good for our national ego a bit too. We complain a lot about SA business, but this shows some of our companies are punching well above their weight.
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Themba Zwane named in FIFA World Cup match fixing investigation
Now this one’s going to sting for a lot of Bafana Bafana supporters. Zwane, a proper fan favourite, has been linked to an international probe into alleged betting irregularities. I’ll hold my judgement until we see actual evidence, these investigations can drag on and names get thrown around before anything’s proven. But if there’s any truth to it, it’s a massive blow to a team that’s finally been giving us reasons to believe again.
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So, question for the forum this morning: are you more relieved the repo rate stayed put, or more gatvol that we never seem to get an actual cut when we need one? Chat below, let’s hear it.
Have a good one, chat later.
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