Finance · South Africa
Mashaba Joins Johannesburg Mayor Race as Cape Town Cuts Rates
Moneyweb · 2026/02/23
Summary
Herman Mashaba has announced his candidacy for the Johannesburg mayoral race, marking a high-profile and competitive political contest in one of South Africa’s biggest cities. In other news, Cape Town is reducing municipal rates but increasing security measures along the N2 highway to improve safety. Meanwhile, the National Student Financial Aid Scheme (NSFAS) and the National Gambling Board (NGB) are working together to address the rising problem of gambling among university students. On the global business front, Netflix is boosting its advertising efforts, changing the streaming service landscape worldwide. These developments highlight important changes in politics, city management, student welfare, and the digital economy, all of which can have far-reaching effects on everyday South Africans.
OnABudget takeaway: The mayoral race in Johannesburg could influence local policies affecting businesses and residents, while Cape Town’s rate cuts may ease living costs. Efforts to control campus gambling show growing concern for student finances. Netflix’s ad push might offer more affordable subscription options for consumers.