top of page

Phone Number

010 826 1580

Email Address 

admin@maanocapital.co.za

Physical Address

33 Ballyclare Drive, Bryanston, 2191, Johannesburg
16 St George's Mall, Foreshore, 8001, Cape Town
179 Vhuawelo Street, Sibasa, 0970, Thohoyandou

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 | 03 July 2026

  • Writer: Masego M
    Masego M
  • Jul 3
  • 3 min read

General Headlines Johannesburg faces R2.1bn funding gap as its bills mount Johannesburg is entering the new financial year with serious money problems. The city has a budget worth billions of rand, but about R2.1 billion of it is not funded. This gap means the city is struggling to pay for basic needs like electricity and fuel. According to the National Treasury, Johannesburg’s income forecasts are too optimistic compared to actual audited results, which has created an overall budget deficit of around R7 billion.Treasury has advised the city to fix the problem by collecting revenue more effectively and reducing the free water allowance for households that are not poor. It also urged the city to resolve issues around a staff finance agreement before the budget can be finalized.Meanwhile, Johannesburg already owes hundreds of millions to state power and water companies. Because of unpaid bills, the city risks power cuts. On top of this, Finance Minister Enoch Godongwana has warned he may stop R8 billion in state funding because the city signed a wage deal worth R10.3 billion, which he says is both illegal and unaffordable.(EngineeringNews) South Africans warned to stay away from this one company South Africans are being warned about a trading company called Mixirite. The Financial Sector Conduct Authority (FSCA) has provisionally withdrawn its licence because it believes the company poses a serious risk to the public.Mixirite is a financial services provider that runs online trading platforms such as UMarketPro and Protea Markets, offering investments in foreign exchange, shares, and commodities. However, the FSCA has stopped it from doing business while it investigates.The regulator says Mixirite used aggressive and manipulative sales tactics to pressure clients. It also found that some agents gave financial advice without proper authorization and promised unrealistic or guaranteed returns. In addition, the company failed to properly check whether the products it recommended were suitable for clients’ needs.(BusinessTech)


Markets and Investments Oil extends drop as more barrels flow through Strait of Hormuz Oil prices have dropped for the third day in a row. Brent crude is trading below $71 a barrel, while West Texas Intermediate is around $68. The fall comes as more than 10 million barrels of oil a day are flowing through the Strait of Hormuz, showing that Iran has limited power to block shipments. At the same time, indirect talks between the US and Iran are showing progress, which President Donald Trump welcomed.Qatar said the next round of talks will be scheduled soon, after funeral ceremonies for Iran’s former Supreme Leader Ali Khamenei, who was killed in an air strike. These ceremonies are expected to begin on July 4 and last several days.Despite ongoing tensions and recent strikes between Iran and the US, oil continues to move through Hormuz, which connects Gulf producers to global buyers. The United Arab Emirates has restored exports to pre-war levels, while US crude is selling at discounts because demand has weakened. Analysts say prices are sliding as strong oil flows, releases from strategic reserves, and lower demand outweigh the risks of conflict.(MoneyWeb)


Property and Real Estates 

Top university in South Africa partners with new R8 billion airport

Cape Winelands Airport is planning a massive R8 billion expansion and has partnered with Stellenbosch University to support the project. The partnership will focus on areas such as agriculture, food processing, transport, logistics, spatial planning, and aviation research. The goal is to connect academic research with industry expertise and infrastructure development.The expansion is expected to turn the airport into a major economic hub over the coming years. Both sides say the project will create opportunities for practical learning, applied research, innovation, and collaboration across many fields. Engineering will play a central role, with cooperation on technical design, infrastructure, and operations.Prof Deresh Ramjugernath, Rector and Vice-Chancellor of Stellenbosch University, said the project could unlock economic growth, support new industries, and build a dynamic ecosystem that positions the region as a center of innovation and opportunity.(BusinessTech)

 
 
bottom of page