LIVE: MPC drops repo rate by 25 basis points

1 minute Reserve Bank Governor Lesetja Kganyago says the Monetary Policy Committee (MPC) has decided to cut the repo rate by 25 basis points meaning that the prime lending rate decreases to 11.25 percent. It’s the second consecutive rates cut. The move had been widely expected. The bank’s decision comes on the back of a…

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Public outcry leads to withdrawal of SETA chairperson appointments

Higher Education Minister Dr. Nobuhle Nkabane facilitates a high-level meeting between the South African government and Vice-Chancellors of public institutions at GCIS in Pretoria on Apr 15, 2025. 3 minutes Minister of Higher Education and Training, Dr. Nobuhle Nkabane, has withdrawn the recent appointments of chairpersons to various SETAs following public criticism over alleged political…

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DBSA praised for strong financial performance

DBSA head office Deputy Finance Minister David Masondo has lauded the Development Bank of Southern Africa (DBSA) for its strong financial performance for the 2024-25 financial year. DBSA’s FY-2025 results highlight more than numbers, they show how financial strength drives impact. This year we delivered strong earnings, a resilient portfolio, catalytic infrastructure partnerships, and a…

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Minister Kubayi vows to protect companies from construction mafias

Workers are seen building housing units at a construction site. 2 minutes Human Settlements Minister Mmamoloko Kubayi says her ministry is working around the clock to protect construction companies from violent construction mafias. Kubayi was speaking at the 17th South African Construction Awards ceremony held at Emperors Palace in Kempton Park, Johannesburg. According to Kubayi,…

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Akello Library revolutionises access to African literature

Akello Library offers digital access to a wide range of up-to-date, carefully curated academic and non-academic books targeted at primary and secondary school learners, as well as other avid readers. AKELLO Library, a pioneering online education platform, is transforming the African publishing landscape with its innovative approach to digital distribution. As the powerhouse behind the…

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