File: Scopa chairperson, Songezo Zibi, speaking in Parliament. Chairperson of Parliament’s Standing Committee on Public Accounts (SCOPA), Songezo Zibi, has raised concerns over delays faced by Road Accident Fund (RAF) claimants, who aren’t represented by legal practitioners. He says the integrated customer claim management system that the fund budgeted almost a billion rand for is…
Cigarettes in an ash tray The South African Federation of Trade Unions (SAFTU) has called for urgent intervention in halting what it calls deindustrialisation, factory closures and the wholesaling of the country’s economy. The trade union federation has criticised plans by British American Tobacco (BAT) to shut down its local manufacturing plant at the end…
Absa says the manufacturing sector got off to a better start in January, with the PMI showing signs of recovery driven by stronger local demand. The manufacturing sector showed signs of recovery in January following a very bleak year-end. The Absa Purchasing Managers’ Index (PMI) for January 2026 rose 8.2 notches to 48.7 index points,…
SARB Governor Lesetja Kganyago The Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep rates unchanged, leaving the repo rate steady at 6.75 percent and the prime lending rate at 10.25 percent. The bank says inflation has reached its peak for the year and is expected to remain under control. Reserve Bank Governor Lesetja…
The Reserve Bank’s Monetary Policy Committee (MPC) has kept the repo rate unchanged at 6.75%, Governor Lesetja Kganyago announced on Thursday. This leaves the prime lending rate at 10.25%. Kganyago says, “The MPC decided to keep the policy rate unchanged, at 6.75%. Two members favoured a cut of 25 basis points, while four preferred a…
File image| AGOA US SA trade agreement. South Africa’s inclusion in the Africa Growth and Opportunity Act (AGOA) hinges on the decision of the White House. The US Senate has approved an extension of AGOA as part of a package of appropriations bills to fund the government. The extension is until December 31 this year….
A smelter at Samancor Chrome Energy regulator Nersa on Thursday approved an application by Eskom to reduce electricity tariffs by 35% for two distressed ferrochrome operations battling high power costs. More than a dozen smelters have shut down in South Africa in recent years, leading to thousands of job losses, largely due to high electricity…
Home Affairs Minister, Doctor Leon Schreiber. Home Affairs Minister, Dr Leon Schreiber, says the only way to end illegal immigration to South Africa is to ensure that the Border Management Authority (BMA) is adequately funded. He’s announced that the Border Management Authority intercepted more than 25 000 people attempting to enter the country during the…
National Treasury to brief the media on the third quarter Operation Vulindlela Progress Report. LIVESTREAM:
Reserve Bank Governor Lesetja Kganyago. The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) is expected to deliver its first interest rate decision of the year on Thursday afternoon in Pretoria. The bank last cut rates by 25-basis-points in November last year, taking the repo rate to 6.75% and the prime lending rate to…
