top of page

Phone Number

010 826 1580

Email Address 

admin@maanocapital.co.za

Physical Address

33 Ballyclare Drive, Bryanston, 2191, Johannesburg
16 St George's Mall, Foreshore, 8001, Cape Town
179 Vhuawelo Street, Sibasa, 0970, Thohoyandou

Maano Capital Pty Ltd, 2013/181382/07 is an authorized financial services provider (FSP 55112) in terms of section 8 of the Financial Advisory and Intermediary Act 37 of 2002. Maano Capital is authorized to provide advice and intermediary services in the following categories: money market instruments, derivative instruments, long and short term deposits, structured deposits, participatory interests in CIS, shares, bonds, debentures and securitized debt, forex investments and short-term commercial insurance. Maano Capital is a registered credit provider NCRCP22459.

Finance News Update | 28 Sep 2026

Writer: Phophi K
Phophi K
Sep 28
2 min read


General Headlines


R21 Billion Allocated for Free Electricity Is Being Diverted

National Treasury allocates approximately R21 billion through the equitable share grant to municipalities to provide Free Basic Electricity to qualifying low-income households. However, municipalities have frequently redirected portions of these funds towards salaries and payments to service providers. In response, Electricity Minister Kgosientsho Ramokgopa is considering bypassing municipalities altogether by using Eskom’s smart-meter infrastructure and government databases to distribute the funds directly to eligible households. DailyInvestor


France and South Africa to Address Barriers to Investment

A France-South Africa business forum taking place this week will focus on some of the key obstacles affecting investment in South Africa. Discussions are expected to include challenges such as complex visa processes and weaknesses in municipal infrastructure that can hinder business activity and investment. Business Day


South Africa’s Effective Tax Burden Compared with Top European Earners

South Africans earning around R30,000 per month effectively face a tax burden comparable to that of the highest-income earners in Germany and other leading European economies. The comparison highlights the impact of South Africa’s tax structure on middle income earners relative to higher income taxpayers in some developed economies. Mybroadband


Markets & Investments


Market and Stock Highlight

The rand moved back above R16 to the dollar last week as higher US interest rates and an aggressive Federal Reserve supported the US currency. However, weaker US labour market data, a softer dollar and stronger gold prices have provided some relief for the rand. On Monday, 28 September 2026, the rand was trading at R16.36 to the dollar, R21.67 to the pound and R18.63 to the euro. Gold was trading at $4,196.91 per ounce, while oil prices stood at approximately $107.10 a barrel. Business Tech


Property & Real Assets


Latest Interest Rate Hike to Increase Monthly Bond Costs

The South African Reserve Bank’s Monetary Policy Committee unanimously raised the repo rate by 25 basis points to 7.25%, lifting the prime lending rate to 10.75%. The increase translates into an estimated additional monthly repayment of R168 on a R1 million home loan and R337 on a R2 million bond. The latest oobarometer report puts the average South African home price at R1,695,257, meaning the rate increase is likely to add further pressure to household borrowing costs and affordability. Business Tech

 
 
bottom of page