SARB must standardise SPR margins by commercial banks

Outside the South African Reserve Bank. By Miyelani Mkhabela The primary mission of the South African Reserve Bank (SARB) is to protect the value of the rand in the interest of balanced and sustainable economic growth in South Africa, through a monetary policy targeting inflation of 1-3% and by enhancing financial stability, acting independently and…

Read More

Public service unions to protest proposed GEMS contribution increase

File: The Public Servants Association (PSA) has received a large number of calls from union members in response to the proposed increase in membership subscriptions for the Government Employees Medical Scheme (Gems) for the upcoming year. The Congress of South African Trade Unions-affiliated public service unions, including the National Education, Health and Allied Workers’ Union,…

Read More

Revamping Pilanesberg Airport expected to create jobs: ISA

This is how Pilanesberg International Airport will look after it’s been revamped. Infrastructure South Africa (ISA) says revamping the Pilanesberg International Airport is expected to create jobs and stimulate economic growth in the North West province. [PHOTOS] This is how Pilanesberg Airport will look after @infraSA_ prepares and packages the redevelopment project for implementation. ✈️🏗️…

Read More

Minister Mantashe fears five trapped miners may be dead

Mineral and Petroleum Resources Minister Gwede Mantashe says there is a possibility that the five mineworkers trapped at Ekapa Minerals mine in Kimberley, Northern Cape, since Tuesday – following a mudslide incident are deceased. Mantashe made these remarks following an inspection visit to the mine on Friday morning. Minister Mantashe says the situation at Ekapa…

Read More

COSATU in KZN criticises govt bailout after Tongaat Hulett collapse

File Image: Members of the Congress of South African Trade Unions (COSATU) The Congress of South African Trade Unions (COSATU) in KwaZulu-Natal says it’s time government stopped rescuing private capital without any accountability. This, after business rescue practitioners filed for the provisional liquidation of sugar giant, Tongaat Hulett which has put thousands of jobs at…

Read More