SA may see three more interest rate hikes in 2026: SARB

The South African Reserve Bank (SARB) has indicated that in the worst-case scenario, South Africans may see three more interest rate hikes this year. This scenario accounts for higher food

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Temu fined $232 mln for breaching EU rule on sale of illegal products

Chinese online retailer Temu has been fined $232 million for not doing enough to stop the sale of illegal products, EU tech regulators said on Thursday, following the first part

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MPC increases interest rates citing upward inflation due to war in Middle East

The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to increase rates by a o.25 percent which takes the policy rate to 7% and the prime lending rate

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LIVE: Reserve Bank’s MPC delivers interest rate decision

Reserve Bank Governor Lesetja Kganyago delivers the Monetary Policy Committee statement. Livestream: Source link

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Reserve Bank’s MPC expected to hike interest rates by 25 basis points

It is widely expected that the Reserve Bank’s Monetary Policy Committee (MPC) will increase interest rates by 25 basis points as it wraps its meeting on Thursday afternoon. This is

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Human Settlements targets eradication of almost 7 000 mud houses this financial year

The Human Settlements Department says it intends to eradicate no less than 6 950 mud houses across the country during this financial year. Minister of Human Settlements Thembi Simelane has tabled the budget vote for

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City Power cracks down on R4.5bn unpaid electricity debt in Joburg – SABC News

City Power says it is owed around R4.5 billion in unpaid electricity debt. The power utility embarked on a revenue collection operation across Johannesburg targeting two properties, Broadcast House and

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MMC Masuku tables R97 billion Joburg budget

The City of Johannesburg has tabled a R97.1 billion budget for the 2026/2027 financial year, with a strong focus on reforming struggling municipal trading entities and stabilising service delivery infrastructure.

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Eskom, Joburg reach deal to tackle city’s crippling electricity debt

The City of Johannesburg has agreed to establish a preliminary Distribution Agency Agreement with Eskom in a major bid to tackle its crippling electricity debt and billing challenges. This follows

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Micron joins $1 trillion club as AI race powers memory chip boom – SABC News

 Micron Technology briefly topped $1 trillion in market value for the first time on Tuesday, crowning a dizzying rally that has cemented the US’s largest memory chipmaker as one of

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