SA Reserve Bank reduces repo rate by 25 basis points.
By Lehlohonolo Lehana. The Monetary Policy Committee of the South African Reserve Bank has lowered interest rates or repo rate
Business
Inflation exceeds official new target as SA braces repo rate decision.
By Rivaldo Jantjies. South African annual inflation accelerated on the eve of a widely expected interest-rate cut. Consumer prices rose
South Africa must curb crime to lure investors |Motsepe.
By William Clowes and Antony Sguazzin. South African billionaire Patrice Motsepe stated that the country must shake off its reputation
Cash is bad as top SA investors see EMs in vogue.
By Prinesha Naidoo and Ana Monteiro. South Africa’s top money managers say cash is a bad place to station money
Ackerman family sells millions of shares in Pick n Pay.
By Lehlohonolo Lehana. South African grocery retail chain Pick n Pay has announced its largest shareholder, the Ackerman family will
Prosus expects surge in profits on e-commerce, Tencent growth.
By Loni Prinsloo. Prosus expects a surge in interim profit, driven by its growing e-commerce business and an increase in
SA black owned audit firm goes international with PA Global.
By Lehlohonolo Lehana. South African audit firm Motlanalo Chartered Accountants & Auditors Inc, has become the first and only full
Rand breaches R17/$ for the first time since 2023.
By Mpho Hlakudi. The rand strengthened below 17 per dollar for the first time since February 2023 after the government
South Africa’s debt is set to stabilise for the first time since 2008.
By Lehlohonolo Lehana. Finance Minister Enoch Godongwana indicated that South Africa’s government debt is set to stabilize in 2025/26 at around
Godongwana seen endorsing 3% CPI goal in MTBPS.
By Ntando Thukwana. Finance Minister Enoch Godongwana will endorse a 3% inflation target this week, aligning fiscal policy with the
Vodacom’s interim profit jumps 32% on solid service revenue.
By Siyanda Mthethwa and Nqobile Dludla. Vodacom Group, South Africa’s biggest telecoms operator, reported a nearly 33% jump in interim
PA hit Discovery Bank with R3 million fine and impose sanctions.
By Lehlohonolo Lehana. The Prudential Authority (PA) fined Discovery Bank R3 million and imposed administrative sanctions for breaches of the