Finance News Update | 21 Sep 2026


General Headlines
Warning for taxpayers about the 2026 filing season
As the 23 October tax filing deadline gets closer, taxpayers are being warned to watch out for online scams and fake SARS eFiling websites. Many people are rushing to submit their tax returns, and scammers are using this pressure to trick them. Cybersecurity company Kaspersky has found fake websites and emails pretending to be from SARS. These scams often ask people to enter personal details such as usernames, passwords, phone numbers, or email login information. Some emails include attachments with tax-related names and use urgent messages like "refund due" or "SARS letter of demand" to encourage people to open them. According to Kaspersky, scammers rely on the fact that taxpayers expect to receive tax-related messages during filing season. The company also warns that artificial intelligence (AI) is making these scams harder to identify, making it more important than ever for taxpayers to verify messages before responding.(BusinessTech)
Markets and Investments
US agency to invest $155m in African digital infrastructure firm WIOCC
The US International Development Finance Corporation (DFC) plans to invest up to $155 million in WIOCC, an African company that provides digital infrastructure such as fibre networks, undersea cables, and data centres. The investment is part of the US government's effort to strengthen digital technology in Africa and support the growth of American technology and AI companies. It also aims to offer alternatives to Chinese technology providers like Huawei.WIOCC operates in more than 30 African countries, and the funding will help expand and improve Africa's digital infrastructure. The DFC says this investment will support Africa's economic growth while creating opportunities for US technology businesses to expand in the region. (EngineeringNews)
South African inflation expectations stabilise in third quarter
South Africa's inflation expectations remained stable in the third quarter after rising sharply earlier due to higher oil prices caused by the Iran conflict. A survey of analysts, business leaders, and trade union officials predicts inflation will average 4.4% in 2026, unchanged from the previous quarter. Expectations for inflation in 2027 and 2028 have improved slightly, with forecasts falling to 4.0% and 3.8% respectively. Inflation was 4.3% in July, close to the South African Reserve Bank's target range. The survey helps the central bank decide on interest rates. Although the bank raised rates in May, it unexpectedly kept rates unchanged in July. Its next interest rate decision is expected on 23 September 2026. (EngineeringNews)
Property and Real Estates YW Capital, RMB complete R2.25bn Pepkor logistics property deal YW Capital and RMB have completed a R2.25 billion property deal involving Pepkor's logistics facilities through YW Capital's real estate platform, IronOak. As part of the deal, IronOak bought a 65% stake in a property portfolio that includes three major distribution centres used by PEP and Ackermans in KwaZulu-Natal and the Western Cape. Pepkor kept the remaining 35% shareholding. The transaction gives Pepkor access to about R2 billion in capital, which it can use for business growth and other investments. IronOak plans to pursue similar opportunities with other companies that own industrial or logistics properties and want to unlock funds tied up in their real estate assets. The deal was finalised in September 2026. (PropertyWheel)



