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 12th October: 1. Ramaphosa economic recovery plan: President Cyril Ramphosa has called a joint sitting of both houses of Parliament to outline his plan for “South Africa’s economic reconstruction and recovery plan”. Ramaphosa wrote to National Assembly Speaker Thandi Modise and National Council of Provinces (NCOP) Chairperson Amos Masondo about his […]
News in South Africa 25th September: 1. National Lottery corruption charges: South Africa’s lottery regulator, the National Lotteries Commission (NLC), has been facing down a slew of allegations of mismanagement and corruption. The commission finally released lists of its beneficiaries under sustained pressure, after first fighting the move. In July, the Organisation Undoing Tax Abuse […]
News in South Africa 22nd September: 1. Gautrain wants motorists to fork out more: Motorists and taxpayers appear set to become the cash cow to enable the government to reduce its percentage of the funding of the multi-billion rand expansion of the Gautrain. Gautrain Management Agency (GMA) CEO William Dachs said on Monday: “We firmly believe […]
