SARB cuts repo rate by 25 basis points

Reserve Bank Governor Lesetja Kganyago has announced that the repo rate will be cut by 25 basis points – meaning that the prime lending rate will decline to 10.25%. Kganyago made the announcement in Pretoria on Thursday, following the three-day Monetary Policy Committee meeting. The rate cut was widely expected. Announcing the rate cut in…

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Fuel shortage disrupts flights at Cape Town International Airport

A view of Cape Town International Airport. Local and international flights are currently being affected by a shortage of aviation fuel at the Cape Town International Airport. The Fuels Industry Association of South Africa Chief Executive, Avhapfani Tshifularo, says the shortage is caused by an ongoing audit process by the South African Revenue Services (SARS)….

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Joburg EMS issues storm warning amid G20 summit

Motorists in traffic amid inclements weather conditions. Johannesburg Emergency Services are urging motorists to exercise caution whilst driving this evening following a Level 1 Alert for severe thunderstorms and heavy rain. Motorists travelling around the Nasrec expo centre, south of Johannesburg, are also advised to use alternate routes due to a hard lockdown that’s currently…

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SAPS deploys 3,560 new constables for festive season

The South African Police Service is gearing up for the festive season with a new cohort of 3,560 newly-trained constables. The South African Police Service (SAPS) has strengthened its frontline policing capacity with the deployment of nearly 3,560 newly trained constables across the country ahead of the busy festive season. The large-scale passing out parades…

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