Finance News Update | 16 Sep 2026


General Headlines
Gauteng Shuts Down More Than 60 Illegal Schools
More than 60 illegally operating schools have been shut down in Gauteng since the beginning of the year as the provincial education department intensifies efforts to protect learners from unregistered institutions. The crackdown forms part of broader efforts to ensure that schools comply with legal and educational requirements. DailyInvestor
SCA Ruling Delivers a Win for Taxpayers Against SARS
The Supreme Court of Appeal (SCA) has ruled in favour of taxpayers in a case involving the deductibility of financing related charges. These are fees charged by lenders for making funding available to borrowers. The judgment provides clarity on the tax treatment of such costs and represents a significant development for taxpayers seeking fair deductions. BusinessTech
Uber Faces Regulatory Compliance Questions in South Africa
Uber, South Africa’s largest e-hailing platform, has reportedly been operating without a legally required registration certificate for almost six months. The e-hailing industry remained in a legal grey area for more than a decade before the National Land Transport Amendment Act (NLTA) came into effect on 12 September 2025, introducing new regulatory requirements for operators in the sector. Mybroadband
Markets & Investments
Rand Under Pressure as Energy Prices Rise and Gold Falls
The rand weakened against the US dollar on Tuesday, pressured by a stronger dollar, rising energy prices and weaker precious-metal prices. Gold, one of South Africa’s key export commodities, declined by 0.2% to $4,287.69 per ounce after reaching its lowest level since 7 August. On Wednesday, 16 September 2026, the rand was trading at R16.23 to the dollar, R21.89 to the pound and R18.74 to the euro. Gold was trading at $4,321.65 per ounce, while oil prices stood at approximately $107.90 a barrel. Business Tech
Property & Real Assets
Cape Town’s New By-Law Amendments Raise Concerns Over Added Red Tape
The Western Cape Property Development Forum (WCPDF) has raised concerns about recent by-law amendments introduced by the City of Cape Town requiring public notice of certain approved building plan risks. The forum argues that the changes could add further administrative requirements to an already complex property development and approval process. Property Wheel



