# The Prudential Authority of South Africa says it will be derecognising Moody’s Investors Service South Africa as an eligible external credit assessment institution. This follows the Financial Sector Conduct Authority cancelling Moody’s registration earlier this month, after it had voluntarily renounced its registration in the country. This move will not impact South Africa’s sovereign […]
# The Public Servants Association has commended government for acting decisively to protect ordinary South Africans from the worst effects of escalating fuel costs. Minister of Finance Enoch Godongwana has extended the temporary fuel relief levy of three-rand for petrol and 3.93-rand per litre for diesel until June 2nd. PSA’s Claude Naicker stresses that the […]
# Amerika se Federale Reserwe het besluit om die derde keer vanjaar rentekoerse onveranderd op 3,5- tot 3,75-persent te hou. Die sentrale bank hou rentekoerse bestendig, en skryf dit toe aan onsekerheid oor die Trump-administrasie se beleid en die konflik in die Midde-Ooste. President Trump het herhaaldelik ʼn beroep op die Federale Reserwe gedoen om […]
# The US Federal Reserve has decided to keep interest rates unchanged between 3.5 to 3.75-percent for a third time this year. The central bank has held steady on interest rates, citing uncertainty from president Donald Trump’s administration’s policies and the conflict in the Middle East. Trump has repeatedly called on the Federal Reserve to […]
# The Organisation Undoing Tax Abuse says while the extension of fuel levy relief for May offers short-term help to consumers, government must use the opportunity to strengthen fiscal discipline. The organisation calls for tighter control of public spending, reduced wasteful expenditure, and improved transparency around strategic fuel reserves. OUTA CEO, Wayne Duvenage says long-term […]
# The Bureau for Economic Research says better coordination is needed between the South African Reserve Bank and the National Treasury as global oil price shocks driven by tensions in the Strait of Hormuz push fuel prices higher. According to the bureau, temporary fuel levy relief can help keep inflation lower and reduce pressure on […]
# Statistics South Africa says business liquidations increased in March. The total number of liquidations rose by 15-percent compared to the same period last year, from 127 to 146 cases. The rise was driven by higher numbers of both close corporations and companies being closed. Stats SA’s Onica Mushwana says January and March, liquidations also […]
# Build One South Africa is set to table a new Fair Pay Bill aimed at protecting job seekers from salary discrimination. The proposed law, to be introduced ahead of Workers’ Day, seeks to promote fair and transparent pay practices, particularly for young people and historically disadvantaged groups. BOSA’s Roger Solomons says the bill seeks […]
# The Institute of Race Relations says South Africa’s weak Public Service is holding back economic growth and needs urgent reform. The organisation argues that political interference and cadre deployment have undermined the state’s ability to deliver services since 1994, reducing efficiency and damaging the economy. The institute’s Terence Corrigan says a reformed Public Service […]
