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…
South African Revenue Service (SARS) Commissioner Edward Kieswetter addresses the 10th ATRN Congress in Cape Town on September 16, 2025. Action SA is calling for the next South African Revenue Service (SARS) Commissioner to be appointed from within the organisation. The party says this would ensure continuity and protect the institution’s credibility, following Edward Kieswetter‘s…
Reserve Bank Governor Lesetja Kganyago The Reserve Bank is widely expected to keep the repo rate unchanged when it makes its announcement on Thursday. This means indebted consumers will continue paying the same for their debt instalments, while those with savings, will continue earning the same interest rate. The Monetary Policy Committee (MPC) cut rates by…
The Letaba River overflowing after floods in Limpopo. The Kruger National Park is counting the cost after devastating floods caused widespread damage across parts of Limpopo and Mpumalanga. The floods have claimed nearly 40 lives and left billions of rands in damage, prompting urgent calls for both national and international assistance. In response, the Minister…
