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010 826 1580

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admin@maanocapital.co.za

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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 | 05 Oct 2026

Writer: Masego M
Masego M
Oct 5
3 min read


General Headlines Absa becomes first African bank to offer digital-asset custody Absa Group has become the first African bank to offer digital-asset custody services, targeting a market valued at around $1.5 billion. The service allows institutional clients, including asset managers, financial institutions, and corporates, to securely store, manage, and transfer digital assets. Following regulatory approval in South Africa, Absa's platform currently supports Bitcoin, Ethereum, XRP Ledger, and USDC, with plans to expand to additional crypto assets. The bank also intends to extend the service to more client segments and other African countries, subject to regulatory approvals. According to the South African Reserve Bank, crypto assets held by the country's three largest licensed providers, Luno, VALR, and Ovex, grew from less than R10 billion at the start of 2023 to R25.3 billion by the end of 2024. This growth reflects the increasing demand for digital-asset services, as the global custody market is expected to expand significantly in the coming years. (EngineringNews) Capitec officially changes its name Capitec has officially changed its name from Capitec Bank Holdings Limited to Capitec Limited, with the change approved by the Prudential Authority and effective from 1 August 2026. The move reflects the company's strategy to expand beyond traditional banking and offer a broader range of financial and customer-focused services. As part of this approach, Capitec has expanded services such as Smart ID applications to 248 branches, with plans to roll this out across its entire branch network. The company is also developing new stokvel accounts and growing its telecommunications offering through Capitec Connect.Despite the name change, Capitec will continue trading on the JSE under the same ticker. With approximately 26.6 million clients, it remains South Africa's largest bank by customer base, serving more than one-third of the country's population. (BusinessTech) Markets and Investments South African food inflation rose in August, ending six months of decline

South Africa’s food inflation increased in August, ending a six-month downward trend. Annual food and non-alcoholic beverage inflation rose to 1.1%, up from 0.9% in July, while monthly food inflation increased to 0.1% after a 0.2% decline in July. The biggest annual price increases were recorded in fish and seafood (7.5%), non-alcoholic beverages (4.9%), oils and fats (2.6%), dairy and eggs (2.1%), sugar-rich foods (2.0%), and meat (1.5%). In contrast, prices for fruit and nuts (-5.5%), cereal products (-1.9%), and vegetables (-0.6%) were lower than a year ago. On a monthly basis, fruit and nuts (2.7%), fish and seafood (1.1%), and meat (0.4%) recorded the largest price increases, while no food categories experienced deflation. Meanwhile, South Africa’s overall headline inflation edged up slightly to 4.4% in August from 4.3% in July. (EngineeringNews) Rand slips past R16.60/$ as US data takes centre stage The rand weakened to above R16.60 against the US dollar on Thursday, its weakest level since July, due mainly to global factors rather than domestic developments. According to Citadel Global, a stronger US dollar and rising global bond yields have put pressure on emerging-market currencies, including the rand.Higher US yields are attracting investors to dollar-denominated assets, while concerns about the US economy, growing debt levels, and the ongoing conflict involving the US and Iran have added to market uncertainty. The conflict has also raised fears of higher oil prices, which could place further pressure on the rand. Investors are now focused on key US economic data, including jobless claims and manufacturing figures, which could provide clues about the health of the US economy and the future direction of interest rates. These reports are expected to influence markets ahead of the closely watched US non-farm payrolls data. (MoneyWeb) Property and Real Estates  Renico Construction expands Dhollandia’s SA footing to Cape Town Renico Construction has helped Dhollandia South Africa establish a new company-owned fitment centre in Cape Town by sourcing a suitable property and carrying out the necessary renovations. The new facility is located in Epping 2, after an existing building was identified to support Dhollandia's move from rented premises.The project included extensive office renovations, replacing the building's roof sheeting, and upgrading structural elements to align with Dhollandia's corporate standards. Construction began in December 2025 and was completed on schedule, with the renovated facility handed over in March 2026.Renico says the project highlights its ability to manage complex renovation and transformation projects, from property identification through to final delivery, while meeting client requirements and deadlines. (PropertyWheel)

 
 
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