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Day: November 21, 2024

SARB Announces 25 Basis Points Repo Rate Cut Amid Inflation Dip.

Pretoria: The South African Reserve Bank’s Monetary Policy Committee (MPC) has, in a unanimous decision, opted to cut the repo rate by 25 basis points, bringing it down from 8% to 7.75%, effective from Friday. This marks the second consecutive repo rate cut under Reserve Bank Governor Lesetja Kganyago, following

Government Working to Finalise Gas Master Plan.

Cape Town: Government is ‘moving with the necessary speed’ to finalise South Africa’s draft Gas Master Plan. This is according to Minister of Mineral and Petroleum Resources, Gwede Mantashe, who spoke at the LPG Week Conference held in Cape Town. According to South African Government News Agency, the master plan

President Appoints Interim Board for National Youth Development Agency.

Pretoria: President Cyril Ramaphosa has appointed interim board members for the National Youth Development Agency (NYDA) with effect from 1 December 2024 until a new board is appointed. The appointments were made in accordance with Section 10(8)(c) of the National Youth Development Agency Act, 2008, as amended. According to South

President Ramaphosa Refers RICA Amendment Bill Back to National Assembly.

Pretoria: President Cyril Ramaphosa has requested the National Assembly to reconsider the Regulation of Interception of Communications and Provision of Communication-Related Information Amendment (RICA) Bill. This request stems from concerns about the bill’s potential vulnerability to constitutional challenges. According to South African Government News Agency, the President has expressed his

Foodborne Illnesses Declared a National Disaster in South Africa.

Pretoria: South Africa’s National Disaster Management Centre has, in terms of Section 23 of the Disaster Management Act 57 of 2002, classified the recent uptick in foodborne illnesses across the country as a national disaster. This was announced by Minister of Justice and Constitutional Development, Thembi Simelane, during a media

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