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South Africa has zero growth, sky-high unemployment — and the Department of Trade, Industry & Competition is still managing to break what actually works. In this episode, DA Trade & Industry spokesperson Toby Chance lays out the mess inside the DTIC: R663 million in unpaid film rebates, a panel that hasn’t met since March 2024, serious questions around the National Lottery licence, the explosion of online gambling, a dire SABS situation, and the DTIC’s obsession with a R100bn transformation fund that looks like a debt-fuelled slush fund. IN THIS EPISODE • Film industry incentives collapsing: jobs at risk + companies closing • R663m owed in approved rebates and why it hasn’t been paid • Adjudication panel “exists” but hasn’t met since March 2024 • DTIC incentives: billions spent, weak cost/benefit accountability • Minister Parks Tau: inherited a “train smash” but still doesn’t decide • Lottery licence controversy + questions around shareholding links • Online gambling explosion: R1.5 trillion wagered + advertising everywhere • SABS in crisis: cyberattack fallout + endless “acting” executives • The R100bn transformation fund: why business is pushing back • Debt-funded “solutions” and why loans can destroy small businesses • DA leadership change + why metros (especially Joburg) are up for grabs Don’t just complain get involved, share this conversation, and subscribe for more State of the Nation insights. Get Daily Updates: @PoliticalInsiderZA LIVE EVENT TICKETS R550 ex VAT The Tryst Kramerville (13 Feb 2026) with Moeletsi Mbeki & Mighti Jamie Tickets: https://sona.co.za/index.php/events/ Follow @sonacoza on TikTok, Instagram, X, and Facebook Produced by Stream In Studios – https://www.streamin.co.za The State Of the Nation is Proudly Sponsored by Pace Car Rental https://www.pacecarrental.co.za/ Use Code : SONA for a discount today! Chapters: 0:00 Intro: politics ↔ economy, zero growth reality 0:42 Sponsor + Breakfast tickets (Pace Car Rental / SONA / 13 Feb) 1:34 The film rebate crisis begins 2:22 Why it’s NOT a small issue (jobs + industry scale) 2:43 R663m owed + panel hasn’t sat since Mar 2024 3:29 How the rebate system works (35% milestones) 4:23 Why it’s happening: admin collapse vs “sinister” theories 6:26 Incentives budget: billions spent + weak cost/benefit scrutiny 7:15 Why film incentives matter (multiplier effect) 8:08 Parks Tau: fit for purpose? inherited “train smash” 10:47 Why films are harder to “capture” — but still vulnerable 12:15 DTIC called to committee (17th) + Treasury question 13:28 Overspending excuse + why Parliament wasn’t told 14:21 National Lottery: suspicious award + extensions 15:20 Tau delays + conflict questions + investigations missing 17:12 Gambling explosion: why regulation failed 18:22 R1.5 trillion wagered + advertising surge 19:43 Protecting vulnerable people (kids, grants, addicts) 21:04 SABS crisis: procurement claims + cyberattack + instability 23:16 “Acting” executives everywhere + no accountability 24:40 R100bn transformation fund: DTIC doubling down 26:10 Business pushback + why this becomes a slush fund risk 27:24 Afreximbank money = debt (and who pays) 28:27 Why loans are poison for startups 29:33 What SA actually needs: innovation + high-growth entrepreneurs 30:11 Small business licensing bill = more graft risk 32:27 Was DTIC ever offered to DA in GNU? (clarified) 34:57 Steenhuisen stepping down + DA opportunity 37:05 DA metro strategy: Joburg + coalitions + Helen Zille 40:02 Winning plan: listen first, then solutions (water, services) 41:22 Wrap: DTIC failures = slower growth, poorer SA