AGP Executive Report
Last update: 8 hours agoElectricity debt pressure: City Power warned Johannesburg government defaulters that unpaid bills will end in disconnection, with public hospitals and clinics among the biggest debtors and total arrears now at R13.3bn. Migration unrest and business risk: Anti-illegal immigration protests largely stayed calm in Cape Town overnight, but police responded to isolated attacks on foreign-owned businesses, making 13 arrests; in Johannesburg, thousands rallied against illegal immigration after a June 30 deadline push. SARS refunds: SARS says eligible refunds of R100+ will be auto-processed within about 72 hours during the filing season, while smaller refunds will be paid once balances exceed R100. Sukuk funding: National Treasury says SA plans to tap existing rand-denominated sukuk bonds this fiscal year, after completing foreign-currency funding needs for 2026/27. Cabinet reshuffle: Ramaphosa announced GNU executive changes, including moving a DA agriculture minister to deputy trade and appointing new deputy ministers. Police corruption fallout: SAPS dismissed Brigadier Rachel Matjeng over Matlala-linked misconduct, including gratification, money laundering and dishonesty. Markets: Rand slipped on risk aversion ahead of local manufacturing PMI and vehicle sales data. Energy tech skills: Eskom and Huawei launched a Modernisation Centre to train staff and youth in power ICT, smart grids, cybersecurity and digital operations. Jobs and growth strain: Stats SA reported job losses of 120,000 between March 2025 and March 2026, with declines across food, manufacturing, trade and construction.
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