Physical oil prices have fallen internationally, reflecting easing concerns over Russian-led supply disruptions and worries of a global economic slowdown
The government must get off its ideological perch, harness the goodwill shown during the pandemic and work with business to improve the nation’s health
Ramaphosa gave the Special Investigating Unit the green light to investigate allegations against the two boards earlier in August
The party has decided there should not be a cooling-off period as provided for in the Electoral Amendment Bill
Headline earnings could rise as much as 73% to R5.455bn in the insurer’s half-year to end-June
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
Reducing people’s unnecessary movement for a few days as soon as new cases emerge is a key practice of the East Asian country’s Covid-zero strategy
Fiery hooker comes in as coach Jacques Nienaber reshuffles front row for All Blacks showdown
Mercedes-Benz will bring its luxurious EQS electric vehicle to SA later in 2022
Ahead of his trip to promote SA as an investment destination at the World Economic Forum (WEF), President Cyril Ramaphosa moved to assure business that the ANC had no intention to tamper with the central bank’s independence or mandate.
"The independence, standing and the role of the Reserve Bank is sacrosanct and will remain independent," he told business leaders on Wednesday. "There should be no debate about that."
Ramaphosa’s comments came a day before governor Lesetja Kganyago delivers the latest interest rate decision, with the monetary policy committee (MPC) likely to keep the repo rate unchanged at 6.75%, after raising it at the last meeting in November for the first time in two years.
The central bank, which has a 3%-6% inflation target rate, has come under fire from trade unions and elements in the ANC, who have accused it of being insensitive to a weak economy that has left the unemployment rate at more than 27%.
Kganyago has consistently argued the Bank’s constitutional ma...
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