Former Mauritanian Finance Minister Sidi Ould Tah elected president of the African Development Bank (AfDB) 2 minutes Sidi Ould Tah has been elected President of the African Development Bank (AfDB) Group in Abidjan, Côte d’Ivoire on Thursday. The president-elect, who was backed by Mauritania, defeated four candidates, including South Africa’s Bajabulile Swazi Tshabalala and Zambia’s…
A spaza shop 1 minute Small Business Development Minister Stella Tembisa Ndabeni-Abrahams says over 60 000 spaza shops have been registered following the compliance drive campaign that began late last year. She. however, expressed disappointment at a slow pace of small businesses response in applying for government funding. In March this year, the department launched…
Reserve Bank Governor Lesetja Kganyago addresses the Annual Ordinary General Meeting 1 minute The Monetary Policy Committee (MPC) has cut the interest rate by 25 basis points, with effect from tomorrow. As a result, the repo rate has been decreased to 7.25%. The prime lending rate is now 10.75%. South African Reserve Bank (SARB) Governor…
Finance Minister, Enoch Godongwana addresses a media briefing at Parliament in Cape Town on May 21, 2025. 2 minutes Finance Minister Enoch Godongwana says that Africa must find different ways of becoming self-sufficient amid an unstable geopolitical environment. He spoke to SABC News on the margins of the African Development Bank (AfDB) Group’s annual meeting…
Reserve bank Governor Lesetja Kganyago speaks during the Monetary Policy Committee’s announcement to cut the policy rate by 25 basis points on 30 May 2025. 2 minutes Reserve Bank Governor Lesetja Kanyago says a lower inflation target will offer relief to indebted consumers by lowering their repayments on loans, while also supporting economic growth and…
Ms Yanga Mputa is giving a Public Lecture on “Making Taxpayers Rights Matter”. Ms Mputa is hosted by the Faculty of Law at UJ. 1 minute The Office of the Tax Ombud has revealed that incidents of hijacking e-filing profiles are on the rise. During an online release of the report’s preliminary findings on Wednesday, the Tax…
A Starlink satellite internet system is set up near the frontline town of Bakhmut amid Russia’s attack on Ukraine, Donetsk region, Ukraine March 8, 2023. 1 minute The Independent Communications Authority of South Africa (Icasa) says it is investigating allegations that United States (US) businessman Elon Musk’s SpaceX, which operates satellite internet service Starlink, may…
Lottery draw 1 minute Minister of Trade, Industry and Competition Parks Tau has named Sizekhaya Holdings as the preferred bidder to operate the fourth National Lottery and Sports Pools Licence. The company’s shareholders include gambling company Goldrush linked to businessman Sandile Zungu. It was one of eight consortiums that bid for the licence. In a…
View from the Carlton Centre – Johannesburg’s inner city at night 2 minutes The City of Johannesburg has tabled an R89.4 billion budget for the 2025/26 financial year, with a focus on restoring the status to a world class African city. This year’s budget, which took place under the theme “A Financially Sustainable Joburg,” plans…
Auditor-General Tsakani Maluleke briefed the Co-operative Governance and Traditional Affairs Portfolio Committee at Parliament in Cape Town on May 29, 2025. 1 minute Parliament’s Co-operative Governance and Traditional Affairs Portfolio Committee says it will soon engage provincial leadership on seeking ways of improving financial outcomes for local governments. This comes after Auditor-General (AG) Tsakani Maluleke…
