RC 260910SAfm
Thursday, 10 September 2026
Market Update focused on company results, with FirstRand absorbing a major UK provision while OUTsurance and Lesaka reported resilient growth and improved profitability.
- 18:18
FirstRand reported strong underlying franchise performance, but an additional R8.7 billion UK provision reduced earnings by 5%; FNB deposits reached R1 trillion for the first time.
- 18:27
OUTsurance’s normalised earnings rose 18.5% to more than R5.6 billion, while a special dividend took the total dividend to over R1.17 per share.
- 18:42
Lesaka swung from a R1.65 billion loss to a R40 million profit, with Bank Zero deposits expected to reach R1 billion by December if the acquisition proceeds.
- 18:09
South Africa’s current-account position swung from a R181.6 billion surplus to a R205 billion deficit, while the rand weakened sharply and local equities fell.
- 18:35
Legacy planning was framed as relevant to everyone, not only wealthy households: a valid will, liquidity planning and educating beneficiaries are central to preserving assets.