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Finance News Update | 25 Feb 2026

  • Writer: Phophi K
    Phophi K
  • Feb 25
  • 2 min read


General Headlines


SA Express Brand to Be Sold for R150,000 as Liquidation Nears Completion

The final chapter in the liquidation of former state-owned domestic carrier SA Express is nearing completion. Liquidators are preparing to sell the airline’s name and brand identity for R150,000. This is one of the last remaining steps before the process is concluded. SA Express was placed into liquidation in 2022. A previous rescue effort saw a consortium of former employees acquire the airline’s tangible assets for approximately R50 million in an attempt to revive operations. Liquidators worked alongside the then Department of Public Enterprises to preserve as much value as possible, ultimately disposing of assets to benefit creditors. BusinessTech


Gauteng Commits R760 Million to Tackle Ongoing Water Infrastructure Failures

As water supply disruptions continue to affect Gauteng, the provincial government has reaffirmed its commitment to resolving the crisis.

During the 2026 State of the Province Address (SoPA), Premier Panyaza Lesufi emphasized that the core issue is not water scarcity, but infrastructure breakdowns, pipe leaks, and peak demand pressures.

To address these challenges, a phased R760 million infrastructure upgrade is underway within the City of Johannesburg. Key developments include the construction of a new ground reservoir and water tower in Brixton, scheduled to become operational this week, aimed at stabilising supply in affected areas. Engineering News


Markets & Investments


Gold Retreats from Three-Week High Amid Profit-Taking and Stronger Dollar

Gold prices edged lower on Tuesday as investors locked in profits following a more than 2% rally in the previous session. The precious metal also faced pressure from a firmer US dollar, which makes dollar denominated bullion more expensive for holders of other currencies.

Meanwhile, Asian markets traded cautiously after a Wall Street selloff unsettled global sentiment. Investor nerves were heightened by ongoing uncertainty surrounding US President Donald Trump’s tariff policies, as well as escalating geopolitical tensions between the US and Iran. Business Day


Property & Real Assets


Killarney Mall Sold for R397.5 Million in Strategic Disposal

Octodec has agreed to sell 100% of its shares and claims in Killarney Mall, Johannesburg, to AJPG Property 1 Proprietary Limited for R397.5 million.

The 45 year old shopping centre is considered an established retail asset. However, its disposal aligns with Octodec’s broader capital allocation strategy to recycle assets and unlock greater shareholder value. The company intends to redirect capital from non-core properties into higher growth opportunities. BusinessTech


Lancaster Centre Stands Vacant as Last Tenant Closes

The Lancaster Centre in Craighall, Johannesburg, is now completely vacant following the closure of its final remaining tenant, a speciality hobby store, in December 2025. Situated on Jan Smuts Avenue within close proximity to Hyde Park, Sandhurst, and surrounding affluent suburbs, the centre previously served as a convenient neighbourhood retail hub. Property owner Fieldspace is currently exploring redevelopment options for the site. BusinessTech



 
 
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