Author: Agency
The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 7%, with the prime lending rate to also remain at 10.5%. This was announced by SARB Governor Lesetja Kganyago following a meeting of the bank’s MPC. “Four members preferred to keep rates on hold, while two favoured a cut of 25 basis points. Since September last year, we have reduced rates by 125 basis points, and we want to see how this is affecting the economy, how expectations evolve, and how inflation risks are resolved. “The forecast has rates easing gradually, as…
Fresh off the introduction of its first electric vehicle (EV) fleet, Eskom has signed a Memorandum of Cooperation (MoC) with BYD Auto South Africa to support South Africa’s growing EV ecosystem. The MoC – dubbed a “Bold step in South Africa’s move toward cleaner mobility” by Eskom – will pave way for the support of the BYD Dolphin Surf Electric Vehicle and expand charging infrastructure for all South Africans. “Having successfully rolled out EVs within our fleet on 9 September 2025, we are ready to enable wider adoption by bringing practical and accessible charging infrastructure to South Africans. “Eskom is…
The Department of Higher Education and Training (DHET) has signed a landmark agreement with leading e-commerce business, Takealot Group, to expand youth skills development, bridge education-to-employment gaps, and support workforce growth in South Africa. The Memorandum of Understanding (MoU), signed by Higher Education and Training Deputy Minister, Dr Mimmy Gondwe, at Takealot Group’s Distribution Centre in Kempton Park, Ekurhuleni, seeks to bridge the gap between education and employment by offering industry-relevant skills training and e-commerce business opportunities to young people through the Takealot Township Economy Initiative. Speaking at the signing ceremony on Wednesday, Gondwe welcomed the partnership, describing it as…
The Department of Sport, Arts and Culture (DSAC) has allocated R82 million for the procurement and implementation of the Video Assistant Referee (VAR) system for South African football. “This initiative aims to enhance the integrity, fairness, and overall quality of domestic competitions by addressing ongoing concerns over refereeing decisions that have led to fan dissatisfaction and which stand to impact South Africa’s future standing among footballing nations if VAR is not adopted,” the department said on Thursday. This project is being implemented by the department, in close collaboration with the South African Football Association (SAFA) and the Premier Soccer League…
Transnet has welcomed the arrest of five suspects for allegedly being in possession of copper cable worth approximately R3 million at an unregistered scrapyard in Gauteng. The arrest followed an intelligence-driven operation by a multidisciplinary team, which led them to a scrapyard in De Deur. The team discovered large quantities of copper cable and seized homemade stoves, reportedly used to burn the copper. Preliminary investigations further established that the copper cable belonged to Transnet. The five suspects will soon appear before the Vanderbijlpark Magistrate’s Court on charges of possession of stolen infrastructure, dealing with second hand goods without a license…
A new wave of 45 000 job and training opportunities is coming to Gauteng as the provincial government prepares to launch the second round of the Nasi Ispani programme this Saturday. The initiative, described as a “transformative” tool to combat unemployment, develop skills and deter crime while building state capacity, specifically targets youth not in employment, education, or training (NEET). “In this year’s State of the Province Address, the Gauteng government reaffirmed its commitment to tackling unemployment as a primary focus. As a key part of this effort, the Nasi Ispani initiative will be relaunched on September 6. “Originally launched…
Some relief will be felt at the pumps this month when all grades of petrol and diesel record decreases from Wednesday. The Department of Mineral and Petroleum Resources (DMPR) has announced the following price adjustments: • Petrol 93 (ULP & LRP): 4 cent decrease. • Petrol 95 (ULP & LRP): 4 cent decrease. • Diesel (0.05% sulphur): 56 cent decrease. • Diesel (0.005% sulphur): 57 cent decrease. • Illuminating Paraffin (wholesale): 37 cent decrease. • Single Maximum National Retail Price for Illuminating Paraffin: 49 cent decrease. • Maximum Retail Price of LPGas: R1.32 decrease and R1.51 decrease in the Western Cape “The average Brent Crude oil price…
Justice and Constitutional Development Minister Mmamoloko Kubayi has instituted disciplinary proceedings against the department’s Director General (DG), Advocate Doc Mashabane. This as the department grapples with the circumstances leading to the delay in the commencement of the Commission of Inquiry into Criminality, Political Interference, and Corruption in the Criminal Justice System – known as the Madlanga Commission. The Minister made the announcement during a media briefing on Tuesday afternoon. She explained that she was notified on Friday that the commission would not be able to commence hearings on 1 September as previously announced due to delays on the side of…
Chief Executive Officer of the Government Pensions Administration Agency (GPAA), Kedibone Madiehe, has been placed on precautionary suspension with full pay while an investigation into allegations of misconduct concerning high-value procurement transactions is being conducted. According to media reports, Madiehe is being investigated for alleged procurement breaches costing the GPAA more than R1.2billion. The Minister of Finance Enoch Godongwana on Friday, 22 August 2025, placed the Chief Executive Officer on suspension effective immediately. To ensure continuity of operations and effective leadership during this period, Job Stadi Mngomezulu, the Deputy Director-General of Corporate Services at National Treasury, has been seconded to…
Africa – and South Africa – must harness its rich endowment of critical minerals to create an industrial powerhouse which can lead the green energy revolution. This according to Gauteng Growth and Development Agency executive, Sthembiso Dlamini, who addressed the African Critical Minerals Summit in Johannesburg on Monday. The continent boasts vast deposits of minerals such as platinum, manganese and lithium which are critical for renewable energy technology. Dlamini noted that these minerals stand at the “centre of the global energy transition, technological advancement, and industrial development”. “From cobalt and lithium to rare earth and platinum group metals, Africa holds…