News in South Africa 23rd January: 1. Interest rate decision: South Africa’s Monetary Policy Committee (MPC) will hold its first meeting of the year to decide on interest rates on Thursday, and while economists agree that the central bank will continue to hike rates, they are split on the size of the increase. Last year was […]
News in South Africa 6th July: 1. Covid cases take a downturn: The rolling seven-day average of daily infections in Gauteng has shown a downward turn – though scientists say it is too early to celebrate, and the decline would have to continue for several days before it can be considered a trend. The Council […]
News in South Africa 8th June: 1. Boost to vaccine rollout: South Africa’s Covid-19 vaccine rollout is gathering momentum but is still far behind target. In a bid to increase daily vaccination rates, the department of health is considering transport subsidies, expanding sites to welfare collection points, and offering free Panados to people who have […]
News in South Africa 25th March: 1. Repo rate decision today: The Reserve Bank is expected to make a rates announcement today, with expectations that rates will be held at current levels of 3.5%. Yesterday, CPI inflation for February came in at 2.9% – below the bank’s target zone, and the lowest rate since June […]
News in South Africa 8th March: 1. ETC corruption allegations: Police reports and documents provided to the National Prosecution Authority (NPA) have brought grave allegations against Electronic Toll Collection (ETC) and its parent company, Kapsch TrafficCom. Among the allegations are that ETC, with full knowledge of Kapsch, made payments totalling R10 million over three years […]
News in South Africa 9th December: 1. ANC affirms stand-aside rule: President Cyril Ramaphosa has won the latest battle in the fight to cleanse the party of corruption-accused leaders, with its top leadership reaffirming the decision to force them to step aside from their party and state posts. The party’s national executive committee (NEC), which wrapped up […]
News in South Africa 19th November: 1. Reserve Bank – interest rate decision today: The Reserve Bank’s monetary policy committee will announce its interest rate decision later today. Most economists don’t expect a cut. South African interest rates have already been cut by 300 basis points since the start of the year – much more […]
News in South Africa 27th October: 1. Another lockdown impossible: Economists and analysts say that another hard lockdown in South Africa will be an impossible situation – which could lead to ‘state violence’. As second- and third waves of Covid-19 sweep the US, Europe and other parts of the world, with South Africa’s infection rate […]
