> ## Content Index > Fetch the complete content index at: https://www.businessbagel.com/llms.txt > Use this file to discover other available public pages before exploring further. # The Roundup — Tuesday, 10 November 2026 - URL: https://www.businessbagel.com/the-roundup-tuesday-10-november-2026/ - Published: 2026-11-10T04:00:00.000Z - Updated: 2026-11-10T04:00:00.000Z - Author: Christian Maidman Today's edition Mayday, Mayday Presented by[![All Weather](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/09/allweather-logo.png)](https://allweather.co.za/?ref=businessbagel.com) Good morning! Earlier this year, SAA announced it was finally making a profit, but a closer look at what’s been happening behind the scenes tells a very different story. Also today, oil's steepest weekly fall since Covid and what it means for December's petrol price, plus updates from Tongaat Hulett, TFG, Spur and Binance. Let's get into it. --- MARKETS ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/11/markets.png) --- TURBULENCE AHEAD ## SAA heads into the December rush with an acting CEO and a February deadline to find a buyer ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/11/SAA.png) South Africa’s busiest travel season is almost here, but South African Airways has much bigger problems. Our national airline is heading into December with its third chief executive this year, a R1 billion government guarantee, and a February deadline to find a private investor. Which is strange, because weren’t we just hearing about SAA’s remarkable recovery? To understand this, we need to go back to 2019\. SAA hadn’t made a profit since 2011, and years of financial mismanagement, particularly under former chairperson Dudu Myeni, had left the airline in serious trouble. By December 2019, it had run out of money and entered business rescue, and in 2020 it stopped flying, returned more than 30 aircraft and received another R10.5 billion government bailout. **How the comeback came unstuck:** - SAA relaunched in 2021 and grew to 18 planes on 17 routes, but the Takatso deal to buy 51% collapsed in 2024. - February’s R155 million profit included around R1.1 billion from selling Heathrow landing slots. Without it, SAA was still making an operating loss. - CEO John Lamola resigned in April with three board members, and his replacement lasted just four months. And with February fast approaching, the question is whether SAA can find a private investor before things get even worse. [**Read the full story →**](https://www.businessbagel.com/saa-december-rush-february-deadline/) --- PUMP THE BRAKES ## Oil just had its biggest weekly fall since 2020, so will petrol be cheaper in December? ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/11/SA-Oil-and-Petrol-prices.png) Oil prices have just suffered their biggest weekly collapse since the start of the Covid pandemic. Brent crude fell around 16% last week, dropping from nearly $118 a barrel to around $98 by Monday. The reason came down to growing hopes that the war with Iran could finally be winding down. After the Democrats swept the US midterm elections, investors began betting that Trump would face greater pressure to end the conflict. And over the weekend, Trump said further attacks on Iran were unlikely as long as peace talks continued. The problem is that oil prices are falling because investors expect things to improve, not because the war is actually over. There’s still no peace agreement, attacks on oil tankers are continuing, and analysts warn that renewed fighting could quickly reverse last week’s decline. We’ve seen this before. In June, oil fell back to its pre-war price, only to climb back above $110\. But if a deal is reached and oil shipments return to normal, one analyst believes Brent could fall as low as $70 to $85 a barrel. Early figures suggest petrol could be around R1.50 a litre cheaper in December, while diesel heads up. But with most of November still ahead, a lot depends on Iran. [**Read the full story →**](https://www.businessbagel.com/oil-weekly-fall-december-petrol/) --- BAGEL BITE **Which organ's own tissue has no pain receptors?** **A.** Liver **B.** Heart **C.** Brain --- DOING THE ROUNDS ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/11/Tongaat-Hulett.png) **The sale of South African sugar giant Tongaat Hulett is now facing a police investigation.** The Zulu Royal House has raised allegations about how the company’s sale to a consortium led by businessman Robert Gumede was handled. And according to SA Canegrowers, KZN’s police commissioner has asked a state-owned financier to pause payments linked to the deal while the allegations are investigated. It’s unclear whether payments have actually stopped, and the request came less than two weeks before Tongaat was delisted from the JSE after 74 years. [**Full story →**](https://www.businessbagel.com/tongaat-hulett-idc-payments-paused/) **In its latest half-year results, the Foschini Group revealed it had closed 120 underperforming stores across Africa, with more closures planned.** But while its physical footprint is shrinking, online sales are growing rapidly, jumping 53% to R2.2 billion, largely thanks to its Bash platform. Online shopping now accounts for almost 11% of TFG’s African sales. And despite the closures, TFG says more than 95% of affected employees have been moved into other roles. [**Full story →**](https://www.businessbagel.com/tfg-closes-120-stores-bash/) **Spur’s CEO, Val Nichas, earned a whopping R26.1 million in the past financial year, up from R20.6 million the year before.** That’s according to the restaurant group’s latest annual report, which shows that more than half her earnings came from share awards. These were paid out as Spur completed the five-year growth strategy she was appointed to lead back in 2021\. And over those five years, the group expanded to more than 750 restaurants, more than doubled its loyalty members, and saw its share price reach a record high in May. [**Full story →**](https://www.businessbagel.com/spur-ceo-val-nichas-r26-million/) **Binance’s CFO is stepping down after more than five years at the crypto exchange.** He’ll be replaced by Justin Yek, a former executive at payments company Airwallex. The announcement comes just 9 days after a major security breach involving $6.3 billion in crypto assets. While the timing has attracted attention, Binance’s co-CEO noted that the leadership transition had already been planned for 6 months, well before the incident. [**Full story →**](https://www.businessbagel.com/binance-cfo-handover-planned/) --- WEATHER ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/11/weather.png) --- BAGEL GAMES ![](https://storage.ghost.io/c/97/24/9724ffa3-48e9-48a7-a5f7-e38b7d2c9b36/content/images/2026/11/Wordle.png) Have you got what it takes to win today’s Wordle? [**Play here →**](https://puzzel.org/en/wordle/play?p=-P6-chuqa2yBlE3ANMJX&ref=businessbagel.com) --- THE ANSWER As for the Bagel Bite, the answer is: **C. Brain** Brain tissue does not have the receptors that detect potentially damaging stimuli. This helps make awake brain surgery possible, although patients still need their scalp numbed and medication to keep them comfortable. Headaches can involve sensitive structures around the brain, including its protective membranes and blood vessels. The brain processes pain, but its own tissue does not sense it directly. --- That's your Tuesday sorted. Enjoyed it? Forward it on — a friend can subscribe in a click. Written by the Business Bagel crew.