# The rand this morning traded at its strongest level since early March. It followed a weakened dollar amid reports that the US and Iran reached an agreement to extend the ceasefire in the Middle East by another 60 days, and lift restrictions on shipping through the Strait of Hormuz. South Africa’s monetary policy committee […]
# The African Development Bank Group and the World Economic Forum have launched the Humanitarian and Resilience Investing Roadmap for Africa to attract private investment into some of the continent’s most fragile economies. The initiative aims to address Africa’s estimated annual development financing gap of 6.4-trillion-rand. The roadmap seeks to unlock sustainable funding for infrastructure, […]
# The Forum for South Africa says the decision by the South African Reserve Bank’s Monetary Policy Committee to increase the repo rate by 25 basis points is an economic punishment for the poor and working class. The repo rate is now at seven-percent, while the prime lending rate increases from 10.25-percent to 10.5-percent. FOSA leader, […]
# Die vakbond Giwusa sê die Suid-Afrikaanse Reserwebank se Monetêre Beleidskomitee se besluit om die terugkoopkoers met 25 basispunte te verhoog, is ʼn voortsetting van klas-uitbuiting deur woeker-afpersing. Die komitee se besluit kom te midde van stygende verbruikerspryse wat deur konflik in die Midde-Ooste veroorsaak word. GIWUSA-president, Mametlwe Sebei, sê werkersklas-verteenwoordiging op die beleidskomitee en […]
# Standard Bank sê die Suid-Afrikaanse landbousektor staar nuwe finansiële druk in die gesig met die besluit van die Reserwebank se Monetêre Beleidskomitee om die rentekoers met 25 basispunte tot sewe-persent te verhoog. Dis te midde van inflasie, hoër brandstofpryse en kommer oor ‘n moontlike El Niño. Standard Bank se hoof van Landbousake vir Sakeondernemings […]
# The General Industries Workers Union of South Africa says the South African Reserve Bank’s Monetary Policy Committee’s decision to increase the repo rate by 25 basis points is a continuation of class exploitation by means of usurious extortion. The committee’s decision comes amid rising consumer prices caused by the conflict in the Middle East. […]
# Die vakverbond Saftu sê die Reserwebank se Monetêre Beleidskomitee se besluit om rentekoerse met 25 basispunte tot sewe-persent te verhoog, is ekonomies roekeloos en maatskaplik vernietigend. Die basiese uitleenkoers is nou 10,5-persent. Saftu-woordvoerder Asive Dyani sê die besluit om koerse te verhoog is heeltemal verwyderd van die werklikheid van miljoene werkers en arm mense […]
# Standard Bank says South Africa’s agricultural sector is facing renewed financial pressure following the Reserve Bank Monetary Policy Committee’s decision to increase the repo rate by 25 basis points to seven-percent. This is amid rising inflation, higher fuel prices, and concerns over a possible El Niño. Standard Bank’s Agribusiness for Business and Commercial Banking […]
# The South African Federation of Trade Unions says the Reserve Bank’s Monetary Policy Committee decision to increase interest rates by 25 basis points, taking it to seven-percent from 6.75-percent, is economically reckless and socially destructive. The prime lending rate is now 10.5-percent. Saftu’s Asive Dyani says the rate hike decision is completely detached from […]
