# National Treasury has defended its decision to temporarily withhold July’s equitable share transfers of 13.5-billion-rand from 69 municipalities over poor financial management, saying it complied with constitutional and legislative prescripts. This comes after the Financial and Fiscal Commission questioned the lawfulness of the decision. Deputy director-general in the Treasury’s office of the general counsel, […]
# Die Vereniging van Staatsamptenare vra die Reserwebank om finansiële druk op huishoudings in ag te neem wanneer die Monetêre Beleidskomitee vanmiddag oor die terugkoopkoers besluit. Ekonome is onseker of die sentrale bank die rentekoers gaan verhoog of nie. Die vakbond se woordvoerder, Claude Naicker, sê salarisverhogings hou nie tred met die oplopende uitwerking van […]
# Union federation Saftu urges the South African Reserve Bank’s Monetary Policy Committee not to respond to the five-percent increase in annual inflation by hiking the repo rate. The central bank raised the repo rate by 25 basis points to seven-percent in May following February’s oil price shock. Saftu’s Asive Dyani says the country is […]
# Die Stad Kaapstad sê vennootskappe met belangrike bedryfsliggame help om die metro se belangrike groeisektore te versterk. Dit het in die 2025/2026-boekjaar bygedra tot 15-duisend-948 regstreekse werksgeleenthede en 18,9-miljard-rand se beleggings. Die burgemeesterskomiteelid vir Ekonomiese Groei, James Vos, sê die projekte word gelewer deur die stad se vennote in spesiale diensvoertuie wat in belangrike […]
# Die vakverbond Cosatu sê hy verwag die Suid-Afrikaanse Reserwebank gaan die terugkoopkoers vandag verhoog as gevolg van die verhoging in inflasie. Volgens Statistiek Suid-Afrika het inflasie van 4,5-persent in Mei tot vyf-persent gestyg en het die hoogste vlak sedert Junie 2024 bereik weens vervoerkoste wat pryse laat styg het. Jaarlikse inflasie vir kos en […]
# The Public Servants Association calls on the Reserve Bank to carefully consider the severe financial pressure facing households when deliberating on the repo rate at today’s Monetary Policy Committee meeting. Economists are divided over whether the central bank will hike rates again or leave them unchanged. PSA’s Claude Naicker says wage increases have not […]
# Union federation Cosatu expects the Reserve Bank to hike the repo rate today, as a result of the increase in inflation. Statistics South Africa announced inflation accelerated to five-percent from 4.5-percent in May, reaching levels last seen in June 2024 as higher transport costs pushed prices higher. Annual inflation for food and non-alcoholic beverages […]
# The City of Cape Town says partnerships with key industry bodies are helping to strengthen the metro’s priority growth sectors. This is contributing to 15-thousand-948 direct jobs and 18.9-billion-rand in investments during the 2025/2026 financial year. Mayoral committee member for Economic Growth, James Vos, says the projects are delivered through the City’s Special Purpose […]
# The monetary jurisdiction of small claims courts are increased from 20-thousand- to 30-thousand-rand from the first of next month. The first adjustment since 2019 expands access to affordable, efficient justice based on a case’s merits rather than financial means. The Department of Justice and Constitutional Development’s spokesperson, Palesa Rammitlwa, says the impact of these […]
