HERE’S WHAT’S HAPPENING IN SOUTH AFRICA TODAY

Sat 10 October 2026:

Here’s what’s happening in South Africa today: 👇🏼

◼️ Three Gupta-linked companies, two directors convicted of laundering R107.5m: Two company directors and three mining companies linked to the Gupta family have been convicted of fraud and money laundering involving R107.5 million meant to rehabilitate two coal mines in Mpumalanga. IDAC spokesperson Henry Mamothame said the second set of convictions relates to R100 million obtained through a loan facility secured against funds held in the Koornfontein Rehabilitation Trust.
Read more here:
https://iol.co.za/news/crime-and-courts/2026-10-09-three-gupta-linked-companies-two-directors-convicted-of-laundering-r1075m-in-mine-rehabilitation-funds/

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◼️ 1 million South Africans pay most of the income tax and keep the whole country functioning: 1 million South Africans contribute over 60% personal income tax (PIT) in the country, funding everything from healthcare to social grants. “The bulk of income tax is paid by wealthier taxpayers. Individuals earning more than R750,000 per year contribute just over 60% of total PIT revenue,” he said.
Read more here:
https://newsday.co.za/south-africa/28886/1-million-south-africans-pay-most-of-the-income-tax-and-keep-the-whole-country-functioning/

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◼️ Relief for petrol prices in SA is on the way: The Bill provides for the transfer of R10 billion to the Department of Mineral and Petroleum Resources to stabilise fuel costs and protect consumers from fuel price volatility. Fuel prices have surged since the United States launched attacks on Iran at the end of February 2026, rising by a net R10 per litre for Petrol 95 and R15 per litre for diesel since then. Motorists were hit hard in October with R3 per litre hikes, taking inland petrol to over R30 per litre for the first time in history.
Read more here:
https://businesstech.co.za/news/energy/879192/petrol-price-relief-for-south-africa-on-the-way/

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◼️ SA faces 8,850 cyberattacks per month but made only 1 arrest in 3 years: This translates to 2,065 cyberattacks per week, or approximately 295 per day, according to June 2026 statistics from cybersecurity firm Check Point Software. The vast majority of cyberattacks targeting organisations and users in the country go uninvestigated, while only a tiny percentage of crimes are given priority.
Read more here:
https://mybroadband.co.za/news/security/671568-south-africa-faces-8850-cyberattacks-per-month-but-made-only-1-arrest-in-3-years.html

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◼️ Super El Niño – how it could affect SA’s maize prices: Our research found that US and South African maize prices generally moved together over the long run. However, maize price volatility was more persistent during both El Niño and La Niña events. During El Niño droughts, South Africa produces less maize, leaving buyers competing for a smaller supply. This can push local prices up even if maize remains plentiful and prices stay steady in the US. The El Niño can also influence prices long before any shortage occurs. If traders expect droughts and poor harvests, maize prices may increase in advance.
Read more here:
https://www.moneyweb.co.za/news/south-africa/super-el-nino-how-it-could-affect-south-africas-maize-prices/

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