Finance News Update | 03 June 2026
- Masego M

- Jun 3
- 2 min read

General Headlines Another country issues a warning about South Africa Ghana has told its citizens to avoid non-essential travel to South Africa because of rising attacks on foreign Africans. The warning came after the U.S. also advised caution at a popular shopping centre. Ghana’s government is helping citizens leave South Africa, including flying nearly 300 people home and registering over 800 for evacuation. Returnees are given emergency documents, financial support, and job assistance. Those staying are urged to be careful, avoid protests and city centres, carry valid papers, and stay in touch with the Ghana High Commission. Ghana has also asked the African Union to step in. Meanwhile, South Africa’s president has condemned the violence and ordered police to stay alert.( BusinessTech) Markets and Investments South Africa business mood slips as Iran war upends rate outlook South African business confidence fell sharply in the second quarter due to rising oil prices and inflation fears linked to the Iran war. The confidence index dropped to 39, its lowest since 2025, mainly affecting consumer industries. The Reserve Bank recently raised interest rates to 7% and warned of more hikes if the conflict continues. Since the U.S. and Israel attacked Iran in February, oil prices have jumped by a third, driving fuel costs to record highs. Businesses are facing more uncertainty, with clients cutting back on spending and investment. Recovery in sentiment depends on easing global tensions, stable oil prices, and clearer interest-rate outlooks. (MoneyWeb) Petrol to rise R1.43, while diesel gets some relief From 3 June, South African fuel prices will change: petrol goes up sharply, while diesel and paraffin drop. Petrol 93 and 95 rise by 143c/l, but diesel falls by about 262–325c/l and paraffin by 596c/l. Government’s temporary fuel tax relief is being reduced, after earlier cuts helped cushion consumers from high oil prices. The changes reflect higher crude oil costs due to US–Iran tensions and the Strait of Hormuz closure, though diesel and paraffin prices fell because of lower seasonal demand. A stronger rand also helped ease some pressure on fuel prices.(MoneyWeb)
Property and Real Estates Delta Property Fund returns to profitability in FY2026
Delta Property Fund has moved back into profit, reporting R127 million for FY2026 compared to a R104.2 million loss the year before. Revenue rose slightly to R1.15 billion despite selling properties and facing vacancies, while operating income fell due to higher costs. The portfolio now has 72 assets worth R6.3 billion, mostly government and private office space. Vacancies improved to 27.3% from 31.9%, helped by new leases and disposals. Lease renewals covered 139,666m² and new leases 20,881m², though average lease terms shortened. Debt provisions dropped to R39.7 million as collections improved to 99.8% of billings. (PropertyWheel)



