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Reserve Bank increases Interest rates, Rand slides

The Reserve Bank has raised the interest rates by 25 basis points to 3.75% after it concluded its monetary policy committee which took place on Thursday afternoon. ... Full story

Property sector welcomes unchanged repo rate

The decision to keep the repo rate unchanged at 3.5% by The Reserve Bank, has been welcomed by the South African Property sector.

Reserve Bank leaves rates unchanged

The Reserve Bank’s Monetary Policy Committee (MPC) has left rates unchanged at 3.5%, Governor Lesetja Kganyago said on Thursday.

SA eases lockdown rules to revive the economy

Due to declining of Covid-19 infections, lock-down rules in South Africa have been relaxed, moving to level one — President Cyril Ramaphosa announced on Sunday evening.

2021 SA Budget Key Highlights — by Minister Tito Mboweni

Finance Minister Tito Mboweni on Wednesday delivered the toughest budget since the dawn of democracy. His speech comes in the wake of shocking unemployment figures that were shared by Stats SA on Tuesday.

SONA 2021 key Highlights summary — by President Cyril Ramaphosa

South Africa's President Cyril Ramaphosa, on Thursday, delivered the 2021 State of the Nation Address (SONA) as he faces the tough task of tackling economic recovery, corruption, electricity shortages, and Covid-19 pandemic issues.

SONA 2021 Full Speech: President Ramaphosa's State Of The Nation Address

Read the full speech of President Ramaphosa's State Of The Nation Address 2021, presented in the National Assembly, Cape Town on Thursday.

SA cuts rates again, by modest 25 bps

The South African Reserve Bank (SARB) announced an additional rate cut on Thursday, of 25 basis points.

South Africa to ease Covid-19 lockdown restrictions

After four weeks on lockdown, President Cyril Ramaphosa has unveiled new levels of Coronavirus (COVID-19) which will determine which sectors of the economy would be opened in certain areas.

President Ramaphosa announces massive R500bn economic recovery package

President Cyril Ramaphosa has unveiled the R500 billion economic recovery stimulus package that will form part of the national response to support South Africans dealing with the consequences of the coronavirus (COVID-19) pandemic.

South Africa's Repo rate slashed by 1%

In an attempt to offset the economic damage from the Covid-19, South Africa’s repo rate has been slashed by 100 basis points or 1% bringing the repo rate down to 4.25% on Tuesday morning.

South Africa extends 21-day lockdown with 2 more weeks

President Cyril Ramaphosa has extended the current 21-day lockdown with an additional 2 more weeks.

Moody's downgrades South Africa's credit rating to junk

Moody's Investors Service has downgraded South Africa's credit rating to subinvestment grade, as a recession deepened by the impact of coronavirus frustrates economic reform efforts aimed at reducing government debt.

SA Reserve Bank cuts interest rates to 5.25%

Amid disruptions due to the Coronavirus (Covid-19) crisis, the South African Reserve Bank (SARB) has cut interest rates by 100 basis points, from 6.25% to 5.25%, Governor Lesetja Kganyago announced on Thursday.

Eskom’s power rationing bite into recession

South Africa’s power utility, Eskom Holdings, which has battled operational difficulties and requires regular financial support from the National Treasury — has been identified as a key threat to the economy.

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