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MPC cuts repo rate by 25 basis point to 7%

Reserve Bank Governor Lesetja Kganyago. Reserve Bank Governor, Lesetja Kganyago, says the Monetary Policy Committee has decided to cut the repo rate by 25 basis points to 7%. This means that the prime lending rate drops to 10,5%. Kgyanyago was speaking in Pretoria. The MPC also cut the repo rate by 25 basis points at…

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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,…

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John Steenhuisen expected to address the media in Durban

DA leader John Steenhuisen DA leader John Steenhuisen is expected to address the media in Durban on Wednesday, where he started his political career 30 years ago. SABC News has reliably learnt that he will not stand for re-election at the party’s forthcoming Federal Congress. DA Federal Chairperson Helen Zille has rejected suggestions that there’s…

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Two memorial services planned for Lekota

FILE | Congress of the People (COPE) leader Mosiuoa Lekota. Two memorial services will be held for the late Congress of the People (COPE) leader Mosiuoa Lekota this week. The one will take place in Johannesburg on Tuesday and the other one in Bloemfontein on Thursday. Lekota will be laid to rest in the Free…

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