Finance News Update | 11 Feb 2026
- Phophi K

- Feb 11
- 2 min read

General Headlines
South Africa’s Largest Airline Set for Sale
South African private equity firm Harith General Partners has agreed to acquire budget airline FlySafair, marking a significant expansion of its transport portfolio across the continent. The deal, currently at an advanced stage and subject to regulatory approval, will be concluded through Harith Aviation and is expected to close by the fourth quarter.
FlySafair, which accounts for more than 60% of South Africa’s domestic seat capacity, will benefit from the transaction by aligning more closely with local ownership requirements. Harith, which manages approximately $3 billion in assets, is a leading infrastructure investor in Africa and also holds a stake in Lanseria International Airport, located northwest of Johannesburg. Business Day
Anglo American Commended for R600m Junior Mining Support
Anglo American received strong recognition at the Investing in African Mining Indaba for its R600 million contribution toward mineral exploration in South Africa. The funding supports the Junior Mining Exploration Fund (JMEF), a joint initiative managed by the Industrial Development Corporation (IDC) and the Department of Mineral and Petroleum Resources (DMPR), with technical oversight provided by the Council for Geoscience (CGS).
The fund aims to empower emerging South African mining companies by financing exploration and prospecting activities. Successful applicants receive non-repayable, convertible grants to advance their projects and stimulate sector growth. Engineering News
Markets & Investments
Rand Stages Strong Recovery
The South African rand has rebounded sharply, strengthening back below R16.00 against the US dollar after weakening beyond R16.40/$ last week. The earlier depreciation was driven by a stronger US dollar amid risk-off sentiment, following US President Donald Trump’s nomination of Kevin Warsh as incoming Federal Reserve Chair for May 2026.
The announcement initially triggered market volatility, with the JSE weakening and gold prices retreating from $5,505/oz to $4,632/oz. However, according to Investec Chief Economist Annabel Bishop, markets have since stabilised as profit-taking set in and investor risk appetite returned. Business Tech
Property & Real Assets
Housing Market Nears Cyclical Shift
South Africa’s housing market is entering what is expected to be a key turning point in 2026. Following elevated interest rates, easing inflation averaging 3.2% in 2025 and improving demand conditions are setting the stage for a more sustainable expansion phase, with price growth likely to strengthen through the year. Business Tech
Growthpoint Properties breaks ground on new KZN Logistics Park
Growthpoint Properties has broken ground on its 36,830m² Tecoma Park logistics development in Cornubia, KwaZulu-Natal. The R392 million project, due for completion in 2027, will offer flexible multi-tenanted units and expands the REIT’s KZN portfolio. Growthpoint’s KwaZulu-Natal portfolio remains one of the region’s largest and most diversified, valued at R8.6 billion and spanning 560,000m² of gross lettable area across more than 50 logistics, office, retail, and healthcare assets. Property Wheel



