Thursday already, where is this week going?
Thursday, 14 May 2026
Joburg’s wealthy residents are heading for the exit
The City of Johannesburg’s financial mess is now bad enough that high-net-worth residents are selling up and moving on, and that’s a serious warning sign. When people with money lose confidence in a city, property values follow them out the door, and that pain doesn’t stay in Sandton, it ripples all the way down. Joburg is still our economic heartbeat and if that city keeps deteriorating, we all feel it, not just the millionaires.
Big pension fund changes are coming
Cabinet has signed off on a bill that’s being called one of the biggest regulatory overhauls for pension funds in decades. We don’t have all the fine print yet but anything touching retirement savings deserves your full attention, especially when most South Africans are already stretching every rand just to get through the month. This is one to watch very closely as the details come out.
Q1 employment numbers are bleak
The first quarter data is in and honestly it’s not reading well for businesses or workers. Economic confidence is shaky, job creation is barely moving, and we’re having the same conversation we’ve had almost every quarter for the past few years. At some point you have to wonder whether tinkering around the edges is ever going to be enough when the structural problems run this deep.
Pirates are on the doorstep of the title
On a happier note for the Buccaneers faithful, Orlando Pirates are sitting close enough to smell the PSL trophy and the supporters are understandably buzzing. The maths is nearly there, it’s just a question of when it gets confirmed officially. If you’re a Pirates fan, enjoy this, you’ve earned it. If you support one of their rivals, well, I’m sorry, this might be a rough weekend for you.
Big question for us today: with Joburg’s finances in this state and top earners leaving, do you think the city can genuinely turn things around, or are we watching something more permanent unfold? Keen to hear what people think.
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