Category: BUSINESS
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
Read MoreTemu 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
Read MoreMPC 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
Read MoreLIVE: Reserve Bank’s MPC delivers interest rate decision
Reserve Bank Governor Lesetja Kganyago delivers the Monetary Policy Committee statement. Livestream: Source link
Read MoreReserve 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
Read MoreHuman 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
Read MoreCity 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
Read MoreMMC 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.
Read MoreEskom, 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
Read MoreMicron 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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