reserve bank cuts repo rate south africa

South Africa’s Repo Rate Remains Unchanged at 3.5%

By SAPeople 20-11-20 00:40

The South African Reserve Bank (SARB) has for the second consecutive cycle kept the repurchase rate unchanged at 3.5% per annum. SARB Governor Lesetja Kganyago made the announcement on Thursday, following a Monetary Policy Committee (MPC) meeting. Addressing reporters, Kganyago said the MPC expects economic and financial conditions to remain volatile for the foreseeable future. […]

mshoza dies at 37, kwaito musician

Condolences for Kwaito Musician Mshoza, Dead at 37

By SAPeople 20-11-20 00:38

The Portfolio Committee on Sport, Arts and Culture has conveyed condolences to the family, music and arts fraternity on the passing of popular kwaito musician, Nomasonto Maswanganyi, who was better known as Mshoza. Mshoza death – at the age of 37 – was confirmed on Thursday by her manager Thanduxolo Jindela. Jindela said in a […]

Lona Myeko holds her six-month-old son Melokuhle while speaking to Ashwin Maxim of the City of Cape Town’s disaster risk management centre on Thursday. Photo: Ashraf Hendricks

Devastating Fire in Langa, Cape Town, Destroys 70 Homes

By Guest Contributor 20-11-20 00:24

Seventy shacks were destroyed and 197 people left without homes when a fire ripped through an informal settlement in Langa on Thursday morning. Seventy shacks were destroyed by fire in Langa on Thursday morning, leaving nearly 200 people without homes. The cause of the fire is yet to be determined by authorities. Many of the […]

no-more-cheques-south-africa

Issuing of Cheques Ends in December in South Africa

By SAPeople Contributor 19-11-20 18:40

South African banks will not accept any cheques for deposit or encashment after 31 December 2020, the South African Reserve Bank announced on Thursday. “The South African Reserve Bank (SARB), Financial Sector Conduct Authority (FSCA), Payments Association of South Africa (PASA) and the Banking Association South Africa (BASA) are jointly communicating to the public that […]

south-africa-business-investment

50 Companies Pledge R109.6-Billion at SA’s 3rd Investment Conference

By SAPeople 26-11-20 01:19

A total of 50 companies have pledged R109.6 billion at the third annual South Africa Investment Conference. Wednesday’s collective pledge brings the total amount of investment pledges to R773.6 billion worth of investments in the last three years. With this total amount, South Africa has now reached 64% of its total target of R1.2 trillion. […]

ramaphoa telehone call joe biden south african president and us president-elect

South Africa’s President Ramaphosa Speaks to US President-Elect Biden

By SAPeople 17-12-20 18:56

South Africa’s President Cyril Ramaphosa on Tuesday evening engaged in a telephonic call with US President-elect Joe Biden to discuss ways to strengthen US-Africa relations and overcome the COVID-19 pandemic. President Ramaphosa says he is hopeful of a strong partnership between the United States and the African continent in promoting peace and stability in international […]

johannesburg

Over 1,500 City of Joburg Employees Fraudulently Received Covid-19 Grants

By SAPeople 17-11-20 20:29

The City of Johannesburg (CoJ) says it has uncovered over 1 500 employees, who fraudulently benefitted from the Special COVID-19 Social Relief of Distress grant, including the child, military veteran and social pension grants. Executive Mayor Geoffrey Makhubo initiated the investigation, conducted by the city’s Group Forensic and Investigation Services (GFIS). According to the CoJ, […]

The Garden Route in the Western Cape, South Africa has been identified as a covid-19 hotspot. Photo: Pixabay

Western Cape Issues Urgent Hotspot Alert for Garden Route

By SAPeople 17-11-20 20:24

The Western Cape has issued an urgent hotspot alert for the Garden Route as COVID-19 cases continue to climb in the area. “This spike is mainly contributing to the notable growth of active cases in the Western Cape,” the provincial government said. Meanwhile, the province has also noted an upward trend in George, Knysna and […]

vervet monkey amputated by vet stock photo

Sad Story of Amputated Monkey and Battle to Hold Vets Accountable

By SAPeople 17-11-20 14:54

A vet has been found guilty of extreme cruelty to a vervet monkey and awaits sentencing in the Nigel Magistrate’s Court. It took eight years of battling by the NSPCA to get the case heard while the South African Veterinary Council did nothing and the courts kept refusing to prosecute… writes Don Pinnock for the […]

Brucella-Bacteria-cattle-kzn-outbreak

KZN Launches Vaccination Drive to Fight ‘Sinister’ Brucella Bacteria Outbreak

By SAPeople 17-11-20 13:06

KwaZulu-Natal Department of Agriculture and Rural Development says it is launching a cattle vaccination drive to contain a “sinister” outbreak of Brucella Bacteria… which causes abortions and infertility in livestock and people. “KwaZulu-Natal is experiencing a sinister outbreak of an animal-borne bacterial disease causing abortion, infertility, reduced milk production and weak joints in both livestock […]

Toorbos is South Africa's selection for the Academy Awards Best International Film category.

South Africa Selects ‘Toorbos’ for Oscar Best International Film Category

By SAPeople 17-11-20 11:52

South Africa has selected Rene van Rooyen’s ‘Toorbos’ as the country’s official entry for the highly coveted Best International Feature Film Award for the 2021 Academy Awards. The film, which is an adaptation of renowned writer Dalene Matthee’s 2003 best-selling novel of the same name, was selected from five film submissions which were received for […]

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