Motorists face hefty fuel price hike in February

Graphic showing the fuel price going up 1 minute Motorists are heading for a hefty fuel price increase in February. Preliminary data shows that the price of petrol will go up by between 84 and 90 cents per litre, depending on the grid. Researcher and political analyst Dr Dale McKinley says the reason the world…

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Chinese Lunar New Year boosts economy in North West

The Casino and Resort of Sun City 2 minutes Remarks were made by Social Development MEC, Basetsana Dantjie, who represented the provincial government, during the celebrations of the Chinese Lunar New Year at Sun City, outside Rustenburg. The beginning of Chinese New Year was on the 29th of January, but festivities were held on Saturday….

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Nehawu welcomes investigation into SABS

Nehawu’s protest at SABS headquarters. 1 minute The National Education Health and Allied Workers Union (Nehawu) has welcomed Trade, Industry and Competition Minister Parks Tau’s launch of a forensic investigation into the affairs of the South African Bureau of Standards (SABS). The bureau’s management is facing allegations of mismanagement and financial misconduct. The management has…

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Minister Malatsi says Postbank card migration on track

Communications and Digital Technology Minister, Solly Malatsi 2 minutes Communications and Digital Technologies Minister Solly Malatsi says the process of converting Postbank cards from gold to black is on track. This follows Postbank’s plan to reissue all its South African Social Security Agency (SASSA) branded cards to the SARB and the Department of Communications and…

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Interest rate cuts will attract investors to SA: Economist

SARB Governor Lesetja Kganyago announces interest rates in Pretoria on January 30, 2025. 1 minute Independent Economist Elize Kruger says further interest rate cuts would attract investors to the country and boost economic growth. Her comments come after the South African Reserve Bank’s (SARB) reduction of the repo rate by another 25 basis points to…

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Repo rate cut to ease consumer debt burden

3 minutes As expected, the Reserve Bank’s Monetary Policy Committee has decided to cut the repo rate by 25 basis points to 7.5%. This brings the prime lending rate to 11%. This is the benchmark rate that banks charge their customers for loans. There was some relief for indebted consumers as the Reserve Bank cut…

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