3 minutes As expected, the Reserve Bank’s Monetary Policy Committee has decided to cut the repo rate by 25 basis points to 7.5%. This brings the prime lending rate to 11%. This is the benchmark rate that banks charge their customers for loans. There was some relief for indebted consumers as the Reserve Bank cut…
4 minutes New plans are afoot for the contentious Tafelberg site in Sea Point, Cape Town. This followed a drawn-out battle between housing activists and the Western Cape provincial government, which owns the land. Activists, who argued that the site would best serve a growing need for affordable housing and spatial redress, were deadset against…
Real Madrid manager during a match 2 minutes Real Madrid hope to avoid Manchester City in the next round, manager Carlo Ancelotti said after they beat Brest 3-0 on Wednesday to reach the Champions League playoff where they will be seeded. The holders will face either Celtic or Manchester City in the two-legged playoff in…
Contraceptive pills 1 minute Gauteng Health MEC Nomantu Nkomo-Ralehoko’s proposal to make the contraceptive implant Implanon compulsory for schoolgirls, with parental consent, has drawn criticism. Nkomo-Ralehoko made the remarks during her visit to Tshwane Secondary School in Pretoria as part of the province’s back-to-school drive. The proposal comes amid rising concerns over teenage pregnancy rates…
1 minute Reserve Bank Governor Lesetja Kganyago has announced that the monetary policy committee has decided to cut rates by 25 basis points – meaning that the prime lending rate decreases to 11%. It’s the third consecutive rate cut by the Central Bank. The cut comes despite the US Fed’s decision to keep rates on…
Reserve Bank Governor, Lesetja Kganyago 1 minute It is widely expected that the Reserve Bank will cut the repo rate by 25 basis points when it makes its announcement this afternoon. This is as inflation has continued to surprise on the downside, a trend expected to remain until the second half of this year. Consumer…
FILE | Shack fire. 1 minute Sentencing proceedings for two sisters accused of leaving their children and grandchildren locked in a shack that caught fire at Itireleng informal settlement near Laudium, west of Pretoria, are set to resume at the Atteridgeville Magistrate’s Court. Lindiwe Machaka, 39, and Zanele Machaka, 37, allegedly went partying until the…
A lecture hall inside a university. 2 minutes Education activist Keamogetswe Masike has called for the scrapping of registration fees at institutions of higher learning. Masike says many students remain in limbo as they wait for feedback on their National Student Financial Aid Scheme (NSFAS) applications as registration deadlines are fast approaching. Masike says these…
Canola plants blossom in a field beneath electricity pylons, as South African utility Eskom experiences frequent power outages, near Cape Town, South Africa, September 8, 2022. 1 minute Independent Energy Analyst Clyde Mallinson says 11 million households in the country live in energy poverty. His comments follow the National Energy Regulator of South Africa’s (Nersa)…
1 minute The National Head for the Directorate for Priority Crime Investigation (Hawks) , Godfrey Lebeya, briefs media to outline progress and take stock of milestones achieved during the third quarter of financial year 2024/2025. Live proceedings below:
