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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 | 06 July 2026

  • Writer: Phophi K
    Phophi K
  • Jul 6
  • 2 min read


General Headlines


NYDA under scrutiny over R1 million overseas trip

The National Youth Development Agency (NYDA) has come under renewed scrutiny following reports that its board chairperson undertook a trip to New York costing approximately R1 million. The expenditure has raised concerns about governance and financial oversight at an agency mandated to support youth development. Critics argue that such spending undermines public confidence and diverts resources from programmes intended to benefit young South Africans. Newsday


Report highlights deep challenges in South Africa’s education system

South Africa’s public education system continues to face significant challenges, with reports indicating that approximately 85% of public schools are performing below acceptable standards. In contrast, the remaining 15%, largely comprising private and former Model C schools, continue to deliver strong educational outcomes. Analysts argue that while access to education has expanded over the past decade, improvements in quality have not kept pace, resulting in widening disparities across the sector. Daily Investor


Government intensifies crackdown on illegal online gambling

The National Gambling Board (NGB) is stepping up efforts to combat illegal online gambling platforms, which account for an estimated 62% of South Africa’s online betting market. The regulator is seeking service providers to help block access to unlicensed websites as part of a broader enforcement strategy. Authorities believe the initiative will help reduce illegal gambling activities, strengthen regulatory compliance, and better protect consumers. Business Day


Markets & Investments


Market and Stock Highlight

South African financial markets ended last week on a positive note, supported by a firmer rand and declining oil prices as global markets continued to stabilise. The rand benefited largely from a weaker US dollar, while lower oil prices eased concerns around imported inflation. On Monday, 6 July 2026, the rand was trading at R16.25 to the dollar, R21.68 to the pound, and R18.58 to the euro. Gold was trading at $4,160.56 per ounce, while oil prices stood at $71.87 per barrel. BusinessTech


Property & Real Assets


Regulatory changes could reshape South Africa’s short-term rental market

South Africa’s rapidly expanding short-term rental market, driven by platforms such as Airbnb and Booking.com, is facing increased regulatory scrutiny amid concerns about its impact on the supply of long-term housing. A recent High Court ruling confirmed that body corporates may prohibit short-term letting within sectional title schemes, provided the rules are reasonable and approved by the required majority of owners. The court found that such restrictions regulate the duration of leases rather than limiting property ownership rights. The ruling could have significant implications for property owners, investors, and the future of the short-term rental market. BusinessTech

 
 
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