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Reserve Bank’s decision to cut interest rates welcomed

Reserve Bank Governor, Lesetja Kganyago 3 minutes Some political parties in Parliament and Cosatu have welcomed the Reserve Bank’s decision to cut interest rates by 25 basis points. However, some say despite the reduction, interest rates are still higher than before the COVID-19 pandemic. They say there’s room for more cuts to stimulate economic growth…

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SA extends deadline for Formula 1 Grand Prix bid to March 18

1 minute The Ministry of Sport, Arts and Culture Gayton McKenzie and the Bid Steering Committee have extended the submission deadline for the Request for Expression of Interest for South Africa’s Formula 1 Grand Prix bid to the 18th of March this year. This extension aims to give stakeholders additional time to submit comprehensive proposals…

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Black households face severe financial constraints | Stats SA

Community members queue for water. 1 minute The Statistics South Africa 2022/23 Income and Expenditure survey shows that black households face severe financial constraints compared to White, Indian, Asian and Coloured households. Statistician-General Risenga Maluleke released the survey in Pretoria yesterday. The income of black households which averages R143 000 annually is well below the…

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Joburg Water to undergo planned maintenance

Water droplet coming out of a tap. 2 minutes Johannesburg Water will undergo planned maintenance at the Hector Norris pump station from Friday until next Monday. The water utility says this is aimed at improving infrastructure for sustainable water supply. The affected areas include the Johannesburg CBD, Newtown, Jeppestown, Doorfontein and Mellville. Johannesburg Water Spokesperson…

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