Finance News Update | 16 Jan 2026
- Phophi K

- Jan 16
- 2 min read

General Headlines
Banks address competition watchdog’s prime rate probe
South Africa’s major banks have responded to an advanced Competition Commission investigation into alleged collusion around the prime lending rate. Standard Bank says it is comfortable with its position, while FirstRand maintains it is unaware of any anti-competitive conduct and insists the prime rate has no direct impact on its profitability. (News24)
Red Level 10 weather warning issued for Limpopo and Mpumalanga
Authorities have issued a Red Level 10 warning for disruptive rainfall in parts of Limpopo and Mpumalanga, with heavy downpours expected to continue for several days. The floods have already claimed lives, including that of a two-year-old child, as disaster response teams race to rescue stranded residents. President Cyril Ramaphosa has described the situation as catastrophic. (eNCA)
FMCG price war shows signs of fatigue as promotions lose impact
Aggressive discounting in the fast-moving consumer goods sector is reaching its limits, according to Trade Intelligence’s 2026 South African FMCG Retail Outlook. While some retailers continue to rely heavily on promotions to attract shoppers, others warn that constant specials are eroding margins and becoming unsustainable. Clicks remains committed to high promotional intensity, while Shoprite has flagged growing pressure on profitability. (Business Day)
Markets & Investments
Improved growth outlook raises hopes for interest rate relief in South Africa
The World Bank forecasts South Africa’s economic growth to accelerate to 1.3% in 2025, up from 0.6% in 2024, supported by more reliable electricity supply, a strong agricultural season, and rising business confidence. Growth is expected to strengthen further to 1.4% in 2026 and 1.5% in 2027. (Business Day)
Capitec shares dominate payouts in Curro delisting linked to PSG chair
PSG Group chair Piet Mouton and related entities received Capitec shares worth R1.5 billion as part of Curro’s delisting. Mouton personally received shares valued at more than R7 million, while the bulk—worth over R1.17 billion—was allocated to the JF Mouton Familietrust, which he manages. (MoneyWeb)
Property & Real Assets
R1.6bn Hyde Park Corner mall sale collapses after buyer fails conditions
Hyprop Investments’ proposed sale of a 50% stake in the Hyde Park Corner shopping centre has fallen through after the buyer failed to meet key conditions, despite Competition Commission approval. The termination also ends the option to acquire the remaining stake, although Hyprop says the mall’s performance continues to improve following reduced vacancies and a stronger tenant mix. (BusinessTech)



