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Makhanya Transfer Value Soars

David Kappel

David Kappel

October 12, 2026

The transfer value of Bafana Bafana defender Olwethu Makhanya has climbed massively after his fine start for Rangers FC in the Scottish Premiership.

Makhanya, 22, joined Rangers from Major League Soccer side Philadelphia Union in a deal estimated to be worth €3.5 million.

That could very well turn out to be a massive bargain, with his value already on the up, according to the International Centre for Sports Studies (CIES).

The Bafana defender has already made 12 appearances for his new club and was named the Scottish Premiership Player of the Month in September.

According to CIES’ 554th CIES Football Observatory Weekly Post, presenting the top 10 players by league with the highest transfer value across 55 competitions outside Europe’s big-5, Makhanya is already worth more than four times what Rangers paid for him.

The Swiss-based CIES rate him at €14.3 million, which equates to R264 million. Despite the lofty rise, there are rumours that some clubs in Europe’s top five leagues have taken note of his performances and could go after him in January.