Banking crisis lurks in the shadows of land expropriation debate

[Click here for the web version of this email]( [Daily Maverick] TGIF, 7 September 2018 While You Were Working [Expropriation debate warns of banking meltdown]( On day 4 of the land expropriation without compensation debate, Cas Coovadia, Banking Association of South Africa (Basa) Managing Director warned that a crisis could well be triggered. Banks had invested some R1.6-trillion into South African real estate, and thus any debate on taking it away without payment could push a fragile economy over the edge. [Cape Town traffic 'day zero' looms]( Cape Town is the 48th most congested transport network in the world. The TomTom study revealed that the city is much closer than you might think to a gridlock jam that would see motorists and passengers sleeping in their vehicles. With just three routes out of the city, and a stagnant development plan aimed towards alleviating this threat, the Mother City might well be just one pile-up away from overnight highway camping. [British Airways still playing catch-up over hack]( With 380,000 bank card details pilfered from British Airways customers, the carrier is hoping that promises of compensation will ease fears. BA parent group IAG's share value dropped 3% as a result of the hack, which comes just months after the United Kingdom enacted strict data protection laws. How you figure out whether you might be one of the customers affected, however, is anyone's guess. [Kidnapping fear sparks panic in Cape Town]( A motorist taking photographs of four pupils in Cape Town sparked a minor panic over kidnapping risks today. The principal of Vanguard Primary School confirmed that four pupils were photographed by a passing motorist on the way to school, but that nobody had been kidnapped. The vehicle registration had been passed on to SAPS members. [Become an Insider]( Maverick Insider is more than just about financially supporting quality, independent journalism and keeping it accessible for all readers. It’s also about building a community with our loyal readers who want to share in unique experiences and help us write this new chapter of Daily Maverick. [Click here]( to get a closer look at the Truth. Featured Articles [Nic Dlamini set to be the King of the Mountains]( [Nic Dlamini set to be the King of the Mountains]( BY Antoinette Muller [Day 4: MPs hear of rands and cents and (un)certainty in the expropriation debate]( [Day 4: MPs hear of rands and cents and (un)certainty in the expropriation debate]( BY Marianne Merten [Traffic Day Zero: Warnings of a total gridlock in Cape Town]( [Traffic Day Zero: Warnings of a total gridlock in Cape Town]( BY Steve Kretzmann [Street Talk: Forget VAT – let’s create jobs!]( [Street Talk: Forget VAT – let’s create jobs!]( BY Street Talk Opinionistas [The Cost of Rape: Seeking Justice in South Africa]( BY Jackie Nagtegaal [It’s a stick-up. Your money or your health!]( BY Mark Heywood [FORWARD THIS EMAIL TO A FRIEND]( Copyright © 2018 Daily Maverick, All rights reserved. You are receiving this mail because you are awesome and on the Daily Maverick Afternoon Thing subscriber list. Want to advertise in this mail? [Talk to us.](mailto:advertise@dailymaverick.co.za?subject=Advertising%20query%3A%20Afternoon%20Thing) [Getting too many emails from us? Manage your preferences]( | [Unsubscribe](