LIVE: MPC drops repo rate by 25 basis points

1 minute Reserve Bank Governor Lesetja Kganyago says the Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points meaning that the prime lending rate decreases to 11.25 percent. It’s the second consecutive rates cut. The move had been widely expected. The bank’s decision comes on the back of a…

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Law enforcement intensified on fake and expired food products

Police raid warehouse in Durban 2 minutes National Police Commissioner Fannie Masemola says law enforcement operations have been intensified across the country, to crack down on wholesalers and spaza shops that are selling fake and expired goods. Masemola was speaking during a media briefing in Pretoria this morning on the government’s interventions regarding foodborne illnesses…

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SACP to review and cement independence in alliance: Dr Mashilo

SACP flag. 2 minutes The South African Communist Party (SACP) has vowed to use its 5th Special National Conference to review its relationship with the African National Congress (ANC) and assert its independence in the alliance. This follows concerns that its partnership with the ANC has undermined its independence and diluted its political influence. The…

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Suspected rhino poachers arrested in Pongola, KZN

Rhino seen in a reserve 1 minute Three suspected rhino poachers have been arrested in Pongola in northern KwaZulu-Natal. Police spokesperson Robert Netshiunda says the suspects were travelling from Hluhluwe to a game farm in the Magudu area, where it is believed they intended to poach rhinos. Netshiunda says during the search of the vehicle,…

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SA soccer icon Lucas “Masterpieces” Moripe passes away

Candlelight 1 minute Lucas “Masterpieces” Moripe, a South African football icon, has passed away at his home in Atteridgeville in Pretoria. He’d been ill for some time. A dazzling midfielder, Moripe started his professional career with Pretoria Callies in 1971. In 1973, he was named the National Professional Soccer League’s Player of the Year and…

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Municipal grants frozen due to debts to Water Boards

South Africa’s Finance Minister Enoch Godongwana speaks during his medium-term budget policy statement in Cape Town, South Africa, November 1, 2023. 1 minute National Treasury has announced plans to withhold grant payments to several municipalities, because of their debt to Water Boards. This after the Department of Water and Sanitation warned that two of the…

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SIU obtains preservation order for assets linked to Mabe

Pule Mabe standing next to motorised three-wheeler vehicles. 2 minutes The Special Investigating Unit (SIU) has obtained a preservation order from the Special Tribunal against Groen Mintirho (formerly Enviro Mobi), a company linked to former African National Congress (ANC) National Executive Committee (NEC) member, Pule Mabe. This comes just a month after Mabe and his…

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Law enforcement confiscated counterfeit goods worth millions: Govt

A joint operation resulted in the seizure of counterfeit and illicit goods worth R209 750 in the Pretoria Central area on November 19, 2024. 1 minute Justice Minister Thembi Simelane has revealed that law enforcement authorities have imposed fines and confiscated counterfeit goods worth millions in various provinces. This follows the formation of a multidisciplinary…

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