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    Home»Fintech»Jeremy’s weekly wrap: Public confusion and fintech’s big day
    Fintech

    Jeremy’s weekly wrap: Public confusion and fintech’s big day

    November 7, 20253 Mins Read


    It has been a week of clarification, confrontation, and candid insight across South Africa’s business and policy landscape.

    We began with the Department of Transport moving to calm public confusion over so-called “new car licence rules”. Collen Msibi, spokesperson for the department, told Moneyweb@Midday that there has been no change to the National Road Traffic Act. The misunderstanding, he said, arose from the Western Cape introducing its own operating procedures that require extra proof of identity when renewing a vehicle licence. Msibi explained that provinces are entitled to strengthen verification measures, but that the national system still accepts digital SMS and PIN authentication for renewals.

    You can also listen to this podcast on iono.fm here.

    In aviation, FlySafair chief marketing officer Kirby Gordon joined me to address the airline’s cabin-crew lockout after wage talks deadlocked. Gordon confirmed that all flights were operating normally despite the dispute with the South African Cabin Crew Association. He said the company’s priority was maintaining reliable service during the crucial festive travel season, while continuing to seek a fair settlement. The confrontation underscored how labour resilience and cost discipline remain key tests for South Africa’s low-cost carriers.

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    You can also listen to this podcast on iono.fm here.

    Cape Town’s arts community, meanwhile, was stunned by the sudden closure of the Irma Stern Museum. Frank Kilbourn, chairperson of Strauss & Co said the shutdown exposed long-standing weaknesses in how the country funds and governs its cultural heritage. He called for a sustainable public-private model that includes advisory partnerships and professional oversight, warning that selling artworks to cover operational shortfalls was neither ethical nor sustainable.

    You can also listen to this podcast on iono.fm here.

    On the investment front, I spoke to Romeo Kumalo, co-founder of LLH Capital and early Optasia backer, following the fintech’s high-profile JSE debut. Kumalo said Optasia’s success demonstrated how African AI-driven platforms can deliver scalable financial inclusion. He added that LLH Capital would now channel capital into other frontier-market opportunities where data, mobile technology, and financial services intersect.

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    CONTINUE READING BELOW

    You can also listen to this podcast on iono.fm here.

    And on Mandates and Megaphones, Paul Hanratty, chair of the B20 Employment and Education Task Force, urged governments to invest at least 0.5% of GDP in skills development. He said aligning education systems with business demand is the single most powerful driver of inclusive growth. Hanratty argued that without a coordinated push from both public and private sectors, economies risk deepening inequality and wasting their greatest resource – human potential.

    You can also listen to this podcast on iono.fm here.

    Follow Moneyweb’s in-depth finance and business news on WhatsApp here.





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