{"id":868388,"date":"2026-08-01T08:10:50","date_gmt":"2026-08-01T06:10:50","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=868388"},"modified":"2026-08-01T08:13:43","modified_gmt":"2026-08-01T06:13:43","slug":"how-to-legally-stop-paying-your-tv-licence-and-south-african-companies-hit-with-r2-89-billion-in-fines","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/868388\/how-to-legally-stop-paying-your-tv-licence-and-south-african-companies-hit-with-r2-89-billion-in-fines\/","title":{"rendered":"How to legally stop paying your TV licence, and South African companies hit with R2.89 billion in fines"},"content":{"rendered":"\n<p>The South African rand weakened on Friday as investors digested stronger-than-expected \u200btrade balance data while also taking cues from \u200cglobal market sentiment.<\/p>\n\n\n\n<p>On Friday, the rand traded at R16.5950 against the dollar, about 0.6% down from its previous \u200bclose.<\/p>\n\n\n\n<p>Data from the South African Revenue Service showed \u200bthe country recorded a trade surplus of R17.75 billion  ($1.07 billion) in June, far exceeding analysts&#8217; forecast \u200bof a R3.45 billion surplus and signalling resilience \u200bin the external sector.<\/p>\n\n\n\n<p>&#8220;Going forward, rising petroleum imports and exchange-rate volatility continue to present upside risks to the import bill, which \u200bis likely to limit the extent of any \u200bimprovement in the trade balance in the near term,&#8221; Investec economist \u200cLara \u2060Hodes said.<\/p>\n\n\n\n<p>The dollar index, which measures the greenback against a basket of currencies, was last up about 0.3%, recovering some ground after reported dollar-selling intervention by authorities in Japan and South Korea weighed on the greenback on Thursday.<\/p>\n\n\n\n<p>Like other emerging market currencies, the rand \u200bis sensitive to global risk sentiment, developments \u200bin U.S. \u2060monetary policy and domestic economic data.<\/p>\n\n\n\n<p>On the Johannesburg Stock Exchange, the Top-40 index&nbsp;was down about 1.1%. South Africa&#8217;s \u2060benchmark \u200b2035 government bond was steady, \u200bwith the yield unchanged at 8.615%.<\/p>\n\n\n\n<p>On Saturday, 01 August, 2026, the rand was trading at R16.55 to the dollar, R22.30 to the pound, and R19.08 to the euro. Gold is trading at $4,042.97 an ounce, while oil prices were at $87.93 a barrel. [<a href=\"https:\/\/www.reuters.com\/world\/africa\/south-african-rand-holds-steady-before-trade-balance-data-2026-07-31\/\">Reuters<\/a>]<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5 Important Things Happening in South Africa <\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/03\/TV-licence.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/03\/TV-licence-1024x576.jpg\" alt=\"\" class=\"wp-image-815413\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/03\/TV-licence-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/03\/TV-licence-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/03\/TV-licence-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/03\/TV-licence.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p><strong>Stop paying your TV licence<\/strong>: South African households that do not want to pay their TV licence for traditional terrestrial broadcasting services can legally do so by rendering their TV incapable of receiving these services\u2019 signals. The SABC exempts TVs that underwent a &#8220;denaturing\u201d from paying TV licences. [<a href=\"https:\/\/mybroadband.co.za\/news\/broadcasting\/660374-legal-way-to-stop-paying-your-sabc-tv-licence-without-getting-rid-of-your-tv.html\">MyBroadband<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>FSCA hits companies with billions in fines<\/strong>: The Financial Sector Conduct Authority levied more than R2.89 billion in fines in the year through 31 March. The largest penalty, in excess of R2 billion, was levied against online trading platform Banxso for deepfake advertising and misappropriation of client funds. [<a href=\"https:\/\/dailyinvestor.com\/finance\/146240\/south-african-companies-and-executives-hit-with-r2-89-billion-in-fines\/\">Bloomberg<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Big changes for eBucks<\/strong>: FNB, Clicks and Engen have created a single integrated rewards ecosystem across fuel, retail, and banking.&nbsp;This ecosystem is the first of its kind in South Africa, as it brings three large rewards programmes and brands into a single rewards system.&nbsp;[<a href=\"https:\/\/dailyinvestor.com\/banking\/146080\/new-era-for-fnb-ebucks-in-south-africa\/\">Daily Investor<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>ANC deaths<\/strong>: Former Gauteng Premier and COPE founder Mbhazima Shilowa said that members of the ANC are increasingly killing each other for a position as a municipal councillor as the party\u2019s support shrinks. As the ANC&#8217;s support base has shrunk, fewer party members can hold political office, resulting in intensified internal battles. [<a href=\"https:\/\/newsday.co.za\/south-africa\/23958\/anc-cadres-are-killing-each-other-for-political-positions\/\">Newsday<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>End of an era for Eskom<\/strong>: President Cyril Ramaphosa has endorsed a report from the Eskom Restructuring Task Team (ERTT), proposing that South Africa\u2019s transmission network be fully independent of Eskom. The creation of the National Transmission Company of South Africa (NTCSA) is expected to usher in the end of Eskom&#8217;s monopoly. [<a href=\"https:\/\/businesstech.co.za\/news\/energy\/868368\/ramaphosa-hammers-a-nail-in-the-coffin-for-eskoms-monopoly-in-south-africa\/\">BusinessTech<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Here are 5 important things happening in and affecting South Africa on Saturday, 1 August 2026.<\/p>\n","protected":false},"author":95,"featured_media":865343,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2083435334130454722","_sma_facebook_post_id":"191437357620492_2163326884487711","_sma_instagram_post_id":"17908552680273642","_sma_x_attempts":1,"footnotes":""},"categories":[20398],"tags":[16632],"class_list":["post-868388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-things"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/868388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=868388"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/868388\/revisions"}],"predecessor-version":[{"id":868393,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/868388\/revisions\/868393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/865343"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=868388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=868388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=868388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}