# The Organisation Undoing Tax Abuse says City Power’s decision to ring-fence electricity revenue is a step towards improving Johannesburg’s electricity network. However, residents must see the money being used to improve the power network. From the first of next month, 70-percent of electricity revenue collected by the city will be transferred to City Power […]
# Acting Police minister Firoz Cachalia says there is no evidence that Presidential Protection Unit head Wally Rhoode prevented a criminal case from being opened after the 2020 theft at president Cyril Ramaphosa’s farm, Phala Phala, in Limpopo. He was responding in writing to a parliamentary question from the EFF. Cachalia states the responsibility to […]
# Statistics South Africa says civil debt cases increased in the three months to July compared with the same period last year. The number of civil summonses issued for debt rose by 3.9-percent, while civil judgments increased by 7.6-percent. Stats SA’s Vhonani Kwinda says the figures point to continued pressure on consumers struggling to meet […]
# The National Union of Mineworkers’ National Women Structure calls on president Cyril Ramaphosa to urgently implement the 2018 presidential summit declaration on gender-based violence and femicide. The union’s Nthabiseng Mashiteng welcomes the investigation into the recent killings of women in Ekurhuleni and the probe into threats allegedly made against women by businessman Lawrence Mudzinganyama. […]
# BetterBond says the latest 25-basis-point interest rate hike will increase monthly bond repayments and put more pressure on homeowners. The prime lending rate has now risen to 10.75-percent. CEO Stephan Potgieter says the increase is a precaution against possible oil price shocks linked to conflict in the Middle East. Potgieter added the resilient rand […]
# The Land Bank has temporarily paused new applications for its blended finance scheme after demand for affordable agricultural finance exceeded available grant funding. The scheme has supported 540 beneficiaries since its launch in 2022. The pause will remain in place for the rest of the 2026/2027 financial year, unless additional funding becomes available. The […]
# Union federation Cosatu has hit out at the South African Reserve Bank’s decision to raise the repo rate by 25 basis points to 7.25-percent, calling it deeply disappointing and untimely. The federation argues the hike will make home loans and other debt more expensive for struggling workers already facing higher fuel, transport and electricity […]
# KPMG lead economist Frank Blackmore says the drop in core inflation to 4.1-percent in August is a positive sign, after core inflation had been rising in recent months. However, Blackmore states higher oil and fuel prices are putting upward pressure on transport costs, adding to overall inflation. He added that housing and utilities remain […]
# The National Sea Rescue Institute is marking nearly 60 years of saving lives on South Africa’s waters, with celebrations coinciding with Heritage Day and World Maritime Day. The NSRI was founded in 1967 after 17 fishermen died off Stilbaai in 1966, prompting Simon’s Town teacher Patti Price to campaign for a sea rescue service. […]
