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Maano Capital Pty Ltd, 2013/181382/07 is an authorized financial services provider (FSP 55112) in terms of section 8 of the Financial Advisory and Intermediary Act 37 of 2002. Maano Capital is authorized to provide advice and intermediary services in the following categories: money market instruments, derivative instruments, long and short term deposits, structured deposits, participatory interests in CIS, shares, bonds, debentures and securitized debt, forex investments and short-term commercial insurance. Maano Capital is a registered credit provider NCRCP22459.

Finance News Update | 02 Oct 2026

Writer: Phophi K
Phophi K
Oct 2
2 min read

General Headlines


Medupi Power Station Costs Soar by R135.4 Billion Over Budget

Eskom’s Medupi Power Station project has significantly exceeded its original budget and remains incomplete nearly two decades after construction began. The project was launched in 2007 with an approved budget of R105 billion and was initially expected to be completed by 2015. However, Eskom’s expenditure has since risen to approximately R230 billion, with significant work still required before the project can be fully completed and closed out. DailyInvestor


South African Airports Set for R21.7 Billion Infrastructure Upgrade

The Airports Company South Africa (ACSA) plans to invest R21.7 billion over the next five years to modernise, expand and upgrade airport infrastructure across the country. The investment is aimed at improving airport facilities and supporting the long-term development of South Africa’s aviation infrastructure. TopAuto


South Africa Unveils Its First Working Digital ID

The Department of Home Affairs has unveiled South Africa’s first working digital identity document at an event in Johannesburg on Thursday, 1 October 2026. The government plans to use digital IDs to allow citizens to access services from multiple government departments through a single digital platform on their smartphones. Mybroadband


Markets & Investments


Rand Weakens as Dollar Strengthens, While Bond Yields Rise

The rand came under pressure against a stronger US dollar on Thursday, weakening by approximately 0.8% to R16.5750/$ from its previous close. The JSE Top-40 Index also declined by 0.3%, while the yield on South Africa’s benchmark 2035 government bond increased by 2.5 basis points to 8.845%. On Friday, 2 October 2026, the rand was trading at R16.68 to the dollar, R22.03 to the pound and R18.76 to the euro. Gold was trading at $4,184.90 per ounce, while oil prices stood at approximately $102.30 a barrel. Business Tech


Property & Real Assets


Balwin Properties Completes Delisting from the JSE

Balwin Properties has delisted from the JSE after almost 11 years of trading on the exchange and three and a half years on A2X. The delisting follows the completion of a R2.26 billion take private transaction that received shareholder approval. The company’s founding management team will remain invested and involved in the business alongside the Public Investment Corporation (PIC), which is acting on behalf of the Government Employees Pension Fund (GEPF). Property Wheel

 
 
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