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….
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…
Candle burns during a power outage 2 minutes Eskom has announced Stage 3 load shedding from 5 PM Friday evening, lasting through the weekend. The utility cites unexpected breakdowns caused by boiler tube failures at several power stations. The power cuts follow 10 months of uninterrupted power generation. Electricity Minister Kgosientsho Ramokgopa says although Eskom…
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…
1 minute Eskom briefs the media on load-shedding and warns of a high risk of rolling blackouts this weekend after multiple generation unit breakdowns last week. Livestream:
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…
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…
1 minute Reserve Bank Governor Lesetja Kganyago has announced that the monetary policy committee has decided to cut rates by 25 basis points – meaning that the prime lending rate decreases to 11%. It’s the third consecutive rate cut by the Central Bank. The cut comes despite the US Fed’s decision to keep rates on…
Reserve Bank Governor, Lesetja Kganyago 1 minute It is widely expected that the Reserve Bank will cut the repo rate by 25 basis points when it makes its announcement this afternoon. This is as inflation has continued to surprise on the downside, a trend expected to remain until the second half of this year. Consumer…
Canola plants blossom in a field beneath electricity pylons, as South African utility Eskom experiences frequent power outages, near Cape Town, South Africa, September 8, 2022. 1 minute Independent Energy Analyst Clyde Mallinson says 11 million households in the country live in energy poverty. His comments follow the National Energy Regulator of South Africa’s (Nersa)…
