# The South African Reserve Bank has warned that rising global oil prices, driven by the conflict in the Middle East, could keep inflation higher for longer. Briefing the media, Governor Lesetja Kganyago said although local petrol and diesel prices have eased recently, sustained increases in oil prices remain a major risk. Kganyago added if […]
# South African Reserve Bank governor Lesetja Kganyago says ongoing global uncertainty, particularly the conflict in the Middle East and volatile oil prices, could keep borrowing costs higher for longer. Speaking after the Monetary Policy Committee left the repo rate unchanged at seven-percent, Kganyago said inflation risks remain elevated and future interest rate decisions will […]
# Union federation Cosatu has welcomed the South African Reserve Bank’s decision to keep the repo rate unchanged at seven-percent, as it will bring relief to workers and middle-class households already struggling with rising living costs. The federation’s Zanele Sabela says a rate hike would have pushed many families deeper into debt, as fuel prices […]
# North West University Business School economist Raymond Parsons says the South African Reserve Bank’s decision to keep interest rates unchanged will bring relief to businesses and consumers facing rising living costs. Parsons added the decision reflects concerns about weak economic growth and global uncertainty, including the conflict in the Middle East. He expects South […]
# Trade union Solidarity has welcomed the South African Reserve Bank’s decision to keep the repo rate unchanged at seven-percent. According to the union, the recent rise in inflation is mainly due to higher fuel prices and not monetary policy, meaning a rate hike would have had little effect. Solidarity’s Theuns du Buisson believes inflation […]
# The Technology Innovation Agency and the Wholesale and Retail Sector Education and Training Authority have signed a partnership to strengthen the innovation, skills and entrepreneurship ecosystem. The agreement aims to better link skills development with technology and business growth through initiatives such as internships, startup support, bursaries and entrepreneurship programmes. The agency’s Titus Mathe […]
# The City of Johannesburg has referred 13 alleged cases of financial misconduct, worth about four-billion-rand, to its independent disciplinary board for investigation. The allegations involve unauthorised, irregular, and wasteful expenditure linked to possible breaches of finance and supply chain laws. The city says the move is aimed at strengthening accountability and governance, stressing that […]
# The DA says patients at Tambo Memorial Hospital in Boksburg are being forced to wait until June next year for elective surgeries because of delays in refurbishing the hospital’s operating theatres. The party’s Madeleine Hicklin claims the Gauteng Department of Health has failed to keep its promise to complete the work within two months […]
# Statistics South Africa says retail trade sales increased by 2.3-percent in May compared with the same month last year, showing continued growth in consumer spending. The biggest increases came from other retailers, clothing and footwear stores, and general dealers. Stats SA’s Raquel Floris says over the three months to May, retail sales were two-percent […]
