# 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 […]
# Die burgemeesterskomiteelid vir Finansies van die Stad Ekurhuleni, Jongizizwe Dlabathi, sê die metro ondervind toenemende druk oor sy vermoë om dienste te lewer as gevolg van stygende koste en hoë inkomsteverliese. Hy het gister Ekurhuleni se inkomstebegroting van 71-miljard-rand vir die 2026/2027-boekjaar gelewer. Die begroting sluit wydverspreide munisipale tariefverhogings in, met watertariewe wat met […]
# City of Ekurhuleni mayoral committee member for Finance, Jongizizwe Dlabathi, says the metro is facing mounting pressure on its ability to deliver services due to rising costs and high revenue losses. He delivered Ekurhuleni’s 71-billion-rand revenue budget for the 2026/2027 financial year yesterday. The budget includes widespread municipal tariff increases, with water tariffs increasing by […]
# Build One South Africa says the seven-percent interest rate increase will make life harder for households and businesses already under financial pressure. The party argues the 25-basis point hike will raise debt repayments when many people are already struggling to get through the month. BOSA’s Roger Solomons says the government must urgently focus on […]
# North-West University Business School economist, Raymond Parsons, says the South African Reserve Bank’s decision to raise the repo rate by 25-basis points to seven-percent is a precautionary move against future inflation. However, Parsons added that there is still limited evidence of stronger inflation expectations, and the timing of the hike is debatable given the […]
# The City of Cape Town says a positive outlook from Moody’s Ratings is a strong vote of confidence in its governance, financial management and service delivery. The ratings agency has upgraded the city’s outlook from stable to positive, citing strong financial performance, high revenue collection, low debt levels and sound financial planning. Mayoral committee […]
# Union federation Cosatu has criticised the South African Reserve Bank’s decision to raise the repo rate by 25-basis points to seven-percent. The federation argues the move will increase debt costs and deepen pressure on workers and households already struggling with the high cost of living. Cosatu’s Matthew Parks calls for an end to further […]
# The Congress of South African Trade Unions Johannesburg has welcomed key aspects of the City of Johannesburg’s 2026/27 budget, including the Politically Facilitated Agreement finding aimed at addressing salary disparities among municipal workers. The federation says fair worker compensation must be balanced with fiscal discipline. COSATU also backed plans for inner-city rejuvenation and safety […]
# A new South African Sorghum Bioethanol study has found strong commercial potential for bioethanol production using crops such as sorghum and sugar cane. Speaking at a roundtable in Sandton, industry leaders and farmers said clear demand, stable pricing and government support were needed before large-scale crop planting could begin. The study, commissioned by the […]
