diff --git a/hack/tools/go.mod b/hack/tools/go.mod
index 097df2f7df..654cc5f068 100644
--- a/hack/tools/go.mod
+++ b/hack/tools/go.mod
@@ -12,7 +12,7 @@ require (
 	sigs.k8s.io/cluster-api-provider-openstack v0.0.0
 	sigs.k8s.io/cluster-api/hack/tools v0.0.0-20221129083400-679ae3e9e6b6
 	sigs.k8s.io/controller-runtime/tools/setup-envtest v0.0.0-20230926180527-c93e2abcb28e
-	sigs.k8s.io/controller-tools v0.16.4
+	sigs.k8s.io/controller-tools v0.16.5
 	sigs.k8s.io/kustomize/kustomize/v5 v5.2.1
 )
 
@@ -28,7 +28,7 @@ require (
 	github.com/davecgh/go-spew v1.1.2-0.20180830191138-d8f796af33cc // indirect
 	github.com/emicklei/go-restful/v3 v3.12.1 // indirect
 	github.com/evanphx/json-patch/v5 v5.9.0 // indirect
-	github.com/fatih/color v1.17.0 // indirect
+	github.com/fatih/color v1.18.0 // indirect
 	github.com/felixge/httpsnoop v1.0.4 // indirect
 	github.com/fsnotify/fsnotify v1.7.0 // indirect
 	github.com/fxamacker/cbor/v2 v2.7.0 // indirect
diff --git a/hack/tools/go.sum b/hack/tools/go.sum
index 46d49fb048..8766a19a3d 100644
--- a/hack/tools/go.sum
+++ b/hack/tools/go.sum
@@ -76,8 +76,8 @@ github.com/evanphx/json-patch v5.7.0+incompatible h1:vgGkfT/9f8zE6tvSCe74nfpAVDQ
 github.com/evanphx/json-patch v5.7.0+incompatible/go.mod h1:50XU6AFN0ol/bzJsmQLiYLvXMP4fmwYFNcr97nuDLSk=
 github.com/evanphx/json-patch/v5 v5.9.0 h1:kcBlZQbplgElYIlo/n1hJbls2z/1awpXxpRi0/FOJfg=
 github.com/evanphx/json-patch/v5 v5.9.0/go.mod h1:VNkHZ/282BpEyt/tObQO8s5CMPmYYq14uClGH4abBuQ=
-github.com/fatih/color v1.17.0 h1:GlRw1BRJxkpqUCBKzKOw098ed57fEsKeNjpTe3cSjK4=
-github.com/fatih/color v1.17.0/go.mod h1:YZ7TlrGPkiz6ku9fK3TLD/pl3CpsiFyu8N92HLgmosI=
+github.com/fatih/color v1.18.0 h1:S8gINlzdQ840/4pfAwic/ZE0djQEH3wM94VfqLTZcOM=
+github.com/fatih/color v1.18.0/go.mod h1:4FelSpRwEGDpQ12mAdzqdOukCy4u8WUtOY6lkT/6HfU=
 github.com/felixge/httpsnoop v1.0.4 h1:NFTV2Zj1bL4mc9sqWACXbQFVBBg2W3GPvqp8/ESS2Wg=
 github.com/felixge/httpsnoop v1.0.4/go.mod h1:m8KPJKqk1gH5J9DgRY2ASl2lWCfGKXixSwevea8zH2U=
 github.com/fsnotify/fsnotify v1.7.0 h1:8JEhPFa5W2WU7YfeZzPNqzMP6Lwt7L2715Ggo0nosvA=
@@ -532,8 +532,8 @@ sigs.k8s.io/controller-runtime v0.18.5 h1:nTHio/W+Q4aBlQMgbnC5hZb4IjIidyrizMai9P
 sigs.k8s.io/controller-runtime v0.18.5/go.mod h1:TVoGrfdpbA9VRFaRnKgk9P5/atA0pMwq+f+msb9M8Sg=
 sigs.k8s.io/controller-runtime/tools/setup-envtest v0.0.0-20230926180527-c93e2abcb28e h1:xYNzzoK+cwgBnaRqrYFLQCSwMAYcR6a06gf3FJ369Kw=
 sigs.k8s.io/controller-runtime/tools/setup-envtest v0.0.0-20230926180527-c93e2abcb28e/go.mod h1:B6HLcvOy2S1qq2eWOFm9xepiKPMIc8Z9OXSPsnUDaR4=
-sigs.k8s.io/controller-tools v0.16.4 h1:VXmar78eDXbx1by/H09ikEq1hiq3bqInxuV3lMr3GmQ=
-sigs.k8s.io/controller-tools v0.16.4/go.mod h1:kcsZyYMXiOFuBhofSPtkB90zTSxVRxVVyvtKQcx3q1A=
+sigs.k8s.io/controller-tools v0.16.5 h1:5k9FNRqziBPwqr17AMEPPV/En39ZBplLAdOwwQHruP4=
+sigs.k8s.io/controller-tools v0.16.5/go.mod h1:8vztuRVzs8IuuJqKqbXCSlXcw+lkAv/M2sTpg55qjMY=
 sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd h1:EDPBXCAspyGV4jQlpZSudPeMmr1bNJefnuqLsRAsHZo=
 sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd/go.mod h1:B8JuhiUyNFVKdsE8h686QcCxMaH6HrOAZj4vswFpcB0=
 sigs.k8s.io/kind v0.24.0 h1:g4y4eu0qa+SCeKESLpESgMmVFBebL0BDa6f777OIWrg=