SACP removes Mantashe from its Central Committee

Gwede Mantashe at an ANC Special Regional Meeting in Eastern Cape, 31 August 2025. The South African Communist Party (SACP) says its decision to remove African National Congress (ANC) National Chairperson Gwede Mantashe from its Central Committee is solely because of his nonattendance at important meetings, without any explanation and apology. The decision follows the…

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Mastercard enables real-time card payments, starting in South Africa

Source: Reuters. Through product innovations, enhancements to its network and strategic partnerships, Mastercard will enable acquiring banks to process real-time card payments. For the first time, all merchants in South Africa who accept Mastercard payments will receive faster payouts, empowering businesses with better cashflow management and faster funds availability. This, in turn, provides merchants with…

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R100 billion Transformation Fund receives mixed reactions

Trade Industry and Competition Minister Parks Tau. 4 minutes Plans by the Trade Industry and Competition Minister to set up a R100 billion Transformation Fund have received mixed reactions from those in the business community. The fund seeks to empower black business through the use of contributions made by big businesses in respect of the…

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SARB, Treasury in talks over inflation target alignment

Governor of the South African Reserve Bank, Lesetja Kganyago South African Reserve Bank (SARB) Governor, Lesetja Kganyago is confident that the bank and National Treasury will align on the inflation target. [ICYMI] Earlier today, Governor Lesetja Kganyago addressed shareholders at the 105th Ordinary Annual General meeting of the South African Reserve Bank (SARB). The role…

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