Market Update with Moneyweb

Thursday, 17 September 2026

Market Update focused on Momentum’s strong results, infrastructure expansion, small-business digitisation, African property opportunities and an ambitious South African pet-food exporter.

1. 18:18

   Momentum Group reported normalised headline earnings of R7 billion, doubling in two years; all business units were profitable, with five each exceeding R1 billion.

2. 18:26

   Grindrod plans to expand Maputo’s Matola terminal capacity from 7.3 million to 12 million tons by the first half of next year, strengthening the regional pit-to-port corridor.

3. 18:35

   Mastercard said South Africa’s SME sector handles nearly R1 trillion in flows, while digital-payment acceptance has expanded to almost three million locations.

4. 18:47

   Standard Bank identified affordable and middle-income housing, student accommodation, industrial and logistics facilities, and data centres as Africa’s key property opportunities over the next 12–24 months.

5. 18:55

   Manelli Pets employs 40–50 people directly, supports roughly 120 indirect jobs, supplies major South African retailers and exports its African-protein pet products to North America, Europe and Asia.

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