Finance News Update | 06 Feb 2026
- Masego M

- 5 hours ago
- 2 min read

General Headlines Great news for people who bank with Capitec in South Africa Capitec’s banking fees will stay the same in 2026, with new prices starting on 1 March. The bank simplified its fees in 2025, cutting more than 30 charges down to just five clear amounts: R1, R2, R3, R6, and R10. Key fees, like the monthly account fee of R7.50, have not increased.Capitec is South Africa’s largest bank with over 25 million active clients. Its success comes from keeping banking simple, offering one account with easy, low, and competitive fees.(BusinessTech) SA secures R175bn loan package from Afreximbank
Afreximbank will lend South Africa $11 billion to ease funding and support projects like energy, infrastructure, car manufacturing, and Black-owned businesses. The deal follows South Africa joining the bank as a full member, giving it more influence and better access to trade finance. President Ramaphosa said part of the money will strengthen the Transformation Fund, with $3 billion set aside for Black-owned businesses.(Moneyweb)
Markets and investment Silver plummets again as 17% slide overturns two-day recovery
Silver prices dropped sharply on Thursday, losing the gains made over the past two days. The metal fell as much as 17%, briefly going above $90 an ounce before sliding back. Since its record high on January 29, silver has now fallen by more than a third.Analysts say weak market sentiment and low trading activity are making the decline worse. The drop in silver also affected other metals, with copper falling over 1% and gold dropping about 3.5% in unstable trading.(MoneyWeb)
Iconic Sandton properties selling for R1.1 billion Southern Sun and Pareto are buying several Sandton properties, including Sandton Towers, Garden Court Sandton City, Sandton Convention Centre, and Virgin Active Sandton, for R1.1 billion. After the deal, they will each own 50%, taking over Liberty’s share, while Liberty and Pareto will still jointly own the Sandton Sun hotel, which Southern Sun will continue to operate under lease. (BusinessTech)
Property and Real Assets
Growthpoint’s Paarl Mall to celebrate 21st anniversary with R270m redevelopment
Growthpoint Properties is redeveloping Paarl Mall in the Western Cape with a R270 million upgrade. The project will expand the mall to 44,474m² and modernize its design. Opened in 2005, the mall will celebrate its 21st anniversary when the redevelopment finishes in November 2026.The upgrade will add more retailers, including new brands like Cielo furniture and Wordsworth books, while existing stores such as Truworths, Foschini, @home, Sportscene, and Identity will expand. The food court will also be improved with bigger restaurant and fast-food options. A new main entrance and reconfigured layout will make the mall easier to navigate. (PropertyWheel)



