Finance News Update | 07 Oct 2026


General Headlines
Good news for FNB customers in South Africa
First National Bank (FNB) has added cryptocurrency investing to its trading platform, giving customers access to digital assets such as Bitcoin, Ethereum, Ripple, Solana, and USDT. Through a partnership with crypto exchange VALR, clients can buy and sell cryptocurrencies securely, starting from as little as R10, with 24/7 access. According to FNB, this new offering responds to growing customer interest in cryptocurrency and the increasing acceptance of digital assets worldwide. The bank believes blockchain technology is becoming an important part of Africa’s financial sector and notes that clearer regulations and more licensing in the industry have made crypto trading easier and safer to offer. FNB also aims to support clients with its investment expertise while providing access to this emerging asset class. (BusinessTech)
Markets and Investments
OUTsurance Group buys minority shares in subsidiary OUTsurance Holdings OUTsurance Group Limited (OGL) plans to simplify its company structure by acquiring the remaining 7.17% stake in OUTsurance Holdings Limited (OHL), which owns its insurance businesses in South Africa, Australia, and Ireland. This will give OGL full ownership of OHL and bring all participating shareholders into the JSE-listed company.The minority stake is currently owned by 55 individuals, including founding members, executives, managers, employees, and their affiliates. These shareholders will exchange their OHL shares for newly issued OGL shares of equal value. The transaction is expected to be approved by shareholders at the Annual General Meeting in November 2026.According to Group CEO Marthinus Visser, the deal completes the company's plan, started in 2022, to simplify its corporate structure and improve alignment with shareholder interests.(MoneyWeb) World Bank raises Africa's 2026 growth forecast, urges AI investments The World Bank has increased its forecast for Africa’s economic growth in 2026 from 4.1% to 4.3%, reflecting improved economic performance across the continent. The organization also encouraged African governments to adopt artificial intelligence (AI) to help increase productivity, create jobs, and support long-term economic development. According to the World Bank, Africa has remained resilient despite global challenges, including rising energy costs linked to disruptions caused by the Iran conflict. Economic growth reached 4.1% in 2025, and the stronger outlook suggests that reforms in several major African economies are beginning to deliver positive results. However, the bank warned that economic growth has not yet significantly reduced poverty. While economies are expanding, income growth for many individuals remains slower than overall economic growth, meaning the benefits are not being shared equally across the continent. (EngineeringNews) Property and Real Estates Joburg Council approves landmark Informal Settlement Policy The City of Johannesburg has approved a new Informal Settlement Policy, making it the first city in South Africa to adopt a formal framework for the development and management of informal settlements. The policy aims to improve living conditions for residents who have long experienced poor service delivery and inconsistent development efforts.Key objectives of the policy include providing basic services, better integrating informal settlements with nearby communities, encouraging resident participation, and upgrading settlements gradually over time. As part of the process, every resident and household will be registered and assigned a unique number to help prevent individuals from owning or occupying multiple shacks in different locations.The city will also establish agreements with communities through social compacts, clearly defining the responsibilities and expectations of both residents and the municipality. The policy is intended to create a more coordinated and sustainable approach to informal settlement development.(PropertyWheel)



