# US president Donald Trump’s administration is imposing new tariffs ranging from ten-percent to 12.5-percent on 60 trading partners, including South Africa. This is for their failure to adopt and effectively enforce a prohibition on the importation of goods produced with forced labour. The tariffs target key economic partners, including the UK, China, the EU, […]
# The IFP says while the South African Reserve Bank’s Monetary Policy Committee has kept the repo rate unchanged, many citizens continue to experience financial strain amid the high cost of living, slow economic growth and persistently high unemployment. The repo rate remains at seven-percent while the prime lending rate stays at 10.50-percent. The IFP’s […]
# Die adjunkminister van Finansies, David Masondo, het bedank as raadsvoorsitter van die Openbare Beleggingskorporasie. Dit volg te midde van ʼn bestuurskrisis by Suid-Afrika se grootste batebestuurder. Sy bedanking volg na die voorlopige skorsing van die uitvoerende hoof, Patrick Dlamini, en die bedanking van ses nie-uitvoerende direkteure. Masondo sê sy bedanking is in belang van […]
# Deputy minister of Finance, David Masondo, has resigned as the Public Investment Corporation board chairperson, amid a governance crisis engulfing South Africa’s largest asset manager. His resignation follows the precautionary suspension of CEO Patrick Dlamini and the resignation of six non-executive directors. Masondo says his resignation is in the interests of the country and […]
# Terwyl die gewapende konflik tussen die VSA en Iran steeds toeneem, het oliepryse gister vir die eerste keer sedert Mei een-duisend-679-rand-39-sent per vat bereik. Brent-ruolie, die wêreldwye olie-maatstaf, het met meer as ses-persent gestyg. Pryse het gestyg nadat die Houthi-militante in Jemen twee Saoedi-Arabiese olietenkskepe in die Rooi See aangeval het, dae nadat die […]
# As renewed strikes between the US and Iran continue to escalate, oil prices hit one-thousand-679-rand-39-cents a barrel for the first time since May yesterday. Brent crude, the global oil benchmark, rose more than six-percent. Prices spiked after the Houthi militants based in Yemen struck two Saudi Arabian oil tankers in the Red Sea, days after […]
# 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 […]
