1 minute Reserve Bank Governor Lesetja Kganyago says the Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points meaning that the prime lending rate decreases to 11.25 percent. It’s the second consecutive rates cut. The move had been widely expected. The bank’s decision comes on the back of a…
South Africa’s Finance Minister Enoch Godongwana speaks during his medium-term budget policy statement in Cape Town, South Africa, November 1, 2023. 1 minute National Treasury has announced plans to withhold grant payments to several municipalities, because of their debt to Water Boards. This after the Department of Water and Sanitation warned that two of the…
A joint operation resulted in the seizure of counterfeit and illicit goods worth R209 750 in the Pretoria Central area on November 19, 2024. 1 minute Justice Minister Thembi Simelane has revealed that law enforcement authorities have imposed fines and confiscated counterfeit goods worth millions in various provinces. This follows the formation of a multidisciplinary…
Expired food items, counterfeit prescription medication, body lotion and other prohibited goods are pictured at a warehouse in Bluff in Durban during a police raid on 20 November 2024. 2 minutes KwaZulu-Natal police say they have intensified operations to detect vessels entering the country that are carrying prohibited items and products. This follows a raid…
1 minute Further relief is anticipated for South African consumers as the Reserve Bank’s Monetary Policy Committee (MPC) is widely expected to announce an interest rate cut this afternoon following its meeting. During its last announcement in September, the central bank decided to reduce the rate by 25 basis points, putting the repo rate at…
Police at the scene of the standoff with illegal miners in Stilfontein. 2 minutes High Court Judge Brenda Neukircher has probed the applicants that have launched an urgent application against the State in the Stilfontein matter on the Margaret Mine Shaft in North West that has been made available by the various Government entities and…
KwaZulu-Natal police and Police Commissioner Nhlanhla Mkhwanazi are seen inside a warehouse in Durban where counterfeit goods and expired food items were discovered during a raid on 20 November 2024. 2 minutes KwaZulu-Natal Police Commissioner Nhlanhla Mkhwanazi says an investigation has been launched to establish which country the imported expired food discovered at a warehouse…
UIF hosted an employer registration drive focused on supporting crèches and small businesses within the Emfuleni Local Municipality at Mafatsane Thusong Centre in Evaton on November 20, 2024. 1 minute The Unemployment Insurance Fund (UIF) has paid about R2.9 billion of outstanding claims to eligible beneficiaries during the first and second quarters of the current…
Gauteng Premier Panyaza Lesufi 2 minutes Gauteng Premier Panyaza Lesufi has strongly condemned some South Africans who use their identities to held undocumented foreign nationals to register their spaza shops. Spaza shop owners have 21-days starting on Friday last week to register their businesses to avoid closure. Lesufi was addressing the media in Bramley, Johannesburg,…
A woman uses a trolley as she shops at a Pick n Pay store at the Dobson Point Shopping Centre, in Soweto, South Africa, March 19, 2024. 1 minute Data released by Statistics South Africa (Stats SA) shows that consumer price inflation declined sharply to a four-year low from 3.8% in September to 2.8% in…
