549 The Monetary Policy Committee decided to cut the repo rate thanks to a stable rand, moderating inflation and better economic growth prospects. The decision of the South African Reserve Bank (Sarb)…
Category: Business
Reserve Bank cuts repo rate despite US Fed decision
553 Reserve Bank Governor Lesetja Kganyago said it wants the inflation rate to settle at 3% The South African Reserve Bank decided to cut the repo rate, as economists expected, although the…
EU kills ‘Fair Share’ plan favoured by South African operators
568 The European Commission does not think that imposing a network fee on big technology companies is a viable solution to the debate over who should fund the roll-out of 5G and…
Household food basket stable, but price of meat eating into consumers’ budgets
457 The battle continues for low-income South Africans to afford nutritious food. The average price of the household food basket was stable in July, decreasing by 41 cents from June, but it…
Court torpedoes R200-billion Karpowership plan for good
542 A Karpowership vessel is seen in this file photo. Image: Supplied A plan to station floating power-generation ships in three South African ports, a project championed by former energy minister Gwede…
Stuck in neutral, Apple misses the AI moment
627 Apple’s earnings report is unlikely to give investors the catalyst they’ve been looking for to revive the iPhone maker’s struggling stock price. The technology behemoth is expected to post profit and…
How Ekurhuleni under-charged Tembisa for electricity
505The council must find a solution to the tariff mess. Ekurhuleni mayor Nkosindiphile Xhakaza is expected to present a report to council on Thursday about the suspension of certain fixed charges for…
MTN launches rent-to-own smartphones for prepaid users
532 MTN’s mobile money business in South Africa, known as MoMo, said on Thursday that it will make 4G and 5G smartphones available on credit to prepaid customers – without the need…
Key victory for Vodacom in high-stakes ‘please call me’ battle
452 Nkosana Makate in court earlier this year The constitutional court has granted Vodacom leave to appeal in its ongoing legal battle with “please call me” inventor Nkosana Makate, meaning the case…
Fixing SA’s water woes means curtailing municipalities’ free-spending ways
414 A look at two reforms that aim to thwart municipalities’ spendthrift ways. The seemingly impossible task of preventing municipalities from spending water and electricity revenues on salaries and other services has…