# The MK Party says it will file a criminal case against the Investigating Directorate Against Corruption head, Andrea Johnson, following her testimony at the Madlanga Commission. She admitted to giving inconsistent testimony when she appeared before Parliament’s ad hoc committee last year, which investigated the underworld’s infiltration of the criminal justice system. The MK […]
# A judge in the High Court in the Free State, Lepono Lekale, has defended his eight-year sick leave before a Judicial Conduct Tribunal in Johannesburg, investigating whether he is medically unfit to remain on the bench. Lekale testified he underwent two amputations in 2018 before losing his sight, and said a traditional healer advised […]
# Statistics South Africa says retail trade sales increased by 2.3-percent in May compared with the same month last year, showing continued growth in consumer spending. The biggest increases came from other retailers, clothing and footwear stores, and general dealers. Stats SA’s Raquel Floris says over the three months to May, retail sales were two-percent […]
# Statistics South Africa says debt-related civil court cases increased in the three months to May. The number of civil summonses issued for debt rose by 1.4-percent, while the number of civil judgements increased by 7.4-percent compared with the same period last year. Stats SA’s Vhonani Kwinda says the total value of civil judgements also […]
# The South African Reserve Bank has warned that rising global oil prices, driven by the conflict in the Middle East, could keep inflation higher for longer. Briefing the media, Governor Lesetja Kganyago said although local petrol and diesel prices have eased recently, sustained increases in oil prices remain a major risk. Kganyago added if […]
# South African Reserve Bank governor Lesetja Kganyago says ongoing global uncertainty, particularly the conflict in the Middle East and volatile oil prices, could keep borrowing costs higher for longer. Speaking after the Monetary Policy Committee left the repo rate unchanged at seven-percent, Kganyago said inflation risks remain elevated and future interest rate decisions will […]
# 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 […]
