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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 | 05 June 2026

  • Writer: Masego M
    Masego M
  • Jun 5
  • 2 min read

General Headlines South African nailed for trying to move R158 million out of the country South Africans who use cryptocurrency to send money overseas without approval can face the same penalties as those who do it through banks. This comes after a Johannesburg High Court ruling that recognized Bitcoin as both “money” and “capital” under South African law, meaning it falls under exchange control rules.The case involved a man who moved about 1,680 Bitcoin (worth around R182 million at the time) to wallets only accessible outside South Africa between 2018 and 2020. The Reserve Bank argued this was an illegal export of both Bitcoin and its rand value. He allegedly used multiple accounts on the Luno platform to bypass limits.Asa result, the Reserve Bank seized about R6 million in crypto, bank, and trading accounts linked to him, saying the assets were either from unlawful activity or in the process of being illegally exported. (BusinessTech) Nice surprise for South Africa South Africa recorded its third straight budget surplus, showing progress in fixing public finances. The surplus was 1.1% of GDP for the year ending March, higher than the expected 0.9%. A primary surplus means income exceeded spending, not counting interest on debt.Government debt has now stabilized and is expected to decline over time. The finance minister predicted debt would peak at 78.9% of GDP before dropping to 68.3% by 2033–34. Revenue came in higher than expected, while spending - including debt costs -was lower. This highlights the government’s ability to raise income and control expenses to meet its financial goals. (BusinessTech)

Markets and Investments Transnet completes R4bn investment at Saldanha iron ore terminal Transnet has finished a R4 billion upgrade at the Saldanha iron ore terminal, Africa’s biggest iron ore export facility. The project added a new heavy-duty tippler to unload rail wagons, plus supporting infrastructure like a new Eskom substation, a 1.7km conveyor system, rail lines, bridges, tunnels, cranes, and dust-control systems.The investment created about 1,500 jobs during peak construction and used 45% local content. Since 1976, the terminal has handled about 1.3 billion tonnes of iron ore and now manages 96% of South Africa’s iron ore exports, making it a key national asset for the mining and export economy. (MoneyWeb)


Property and Real Estates

SA REITs deliver 0.7% total return in May as results-heavy month highlights deal activity South African REITs (real estate investment trusts) gained 0.7% in May 2026, after a strong rebound in April. They performed better than equities, which fell 0.3%, but weaker than bonds, which rose 2.9%. So far this year, REITs are up 2%, ahead of the stock market’s 0.8% but behind bonds at 2.7%. Company results dominated market attention, with overall returns flat but individual shares showing big differences. Income growth stayed strong at 9.4% over the past year, showing recovery is intact even though share price momentum has slowed. (PropertyWheel)


 
 
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