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Nedbank slashes its 2025 GDP forecast from 1.5% to 1%

Nedbank has revised its growth outlook for 2025 to 1%, down from its earlier, more optimistic outlook of a 1.5% increase in GDP.  This came out of a discussion with the bank’s Chief Executive, Jason Quinn, who was answering questions on the company’s interim results released on Tuesday. For the six months ended June 2025,…

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Ad Hoc Committee probing Mkhwanazi’s claims will be impartial: Ntuli

Chairperson of the Ad Hoc Committee Investigating allegations by KwaZulu-Natal Police Commissioner Nhlanhla Mkhwanazi delivers opening address at Parliament, Cape Town on August 5, 2025. The African National Congress (ANC) Chief Whip in Parliament, Mdumiseni Ntuli, has assured the public that proceedings by the parliamentary Ad Hoc Committee investigating allegations of police corruption made by…

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Ten Ekurhuleni police officers accused of theft in court for bail

A police officer in uniform. Ten Ekurhuleni police officers accused of theft are expected to continue with their bail applications at the Germiston Magistrate’s Court, east of Johannesburg, this morning. Their bid to be released on bail pending investigations began yesterday during their first court appearance. It’s alleged they raided a shop in Edenvale in June and allegedly stole cigarettes…

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Lekganyane to chair ad hoc committee probing Mkhwanazi’s claims

National Assembly MP Molapi Lekganyane addresses the Ad Hoc Committee on allegations by KwaZulu-Natal Police Commissioner Nhlanhla Mkhwanazi after election as chairperson on August 5, 2025. Parliament’s ad hoc committee, established to investigate allegations of threats to national security, has elected Molapi Lekganyane as its chairperson. Parliament established the committee two weeks ago, following explosive…

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ActionSA vows to monitor probe into claims against Police Minister

ActionSA leader Herman Mashaba ActionSA says it will keep a hawk’s eye on the investigations into the allegations made by KwaZulu-Natal Provincial Commissioner Lieutenant General Nhlanhla Mkhwanazi. Mkhwanazi made damning allegations against Police Minister Senzo Mchunu, who’s been placed on special leave by President Cyril Ramaphosa. The party’s member of parliament, Dereleen James, says they’ve…

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Godongwana places troubled Ditsobotla Bank under resolution

Finance Minister Enoch Godongwana has placed the Ditsobotla Primary Savings and Credit Cooperative Bank Limited (DCB) in resolution, effective August 1. This follows the Reserve Bank’s recommended intervention to protect depositors’ interests. The Reserve Bank says the DCB has failed to meet regulatory requirements for an extended period, was operating at a loss, and could…

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