While President Cyril Ramaphosa is still licking the wounds following the humiliating losses of three significantly important Gauteng Metros, one of his most important allies and who played an integral in facilitating his ascendancy to Union Buildings, has been Fired with immediate effect. PHOTO: Ctvnews Just about a fortnight to the day, OnlineNewzBible reported about the legal imbroglio involving ABSA Bank and its director, Sipho Pityana.
What could possibly be transported in a 8x8 custom built man truck, This is something that has caught the attention of many members of the public and that is why they have poured onto social media in order to comment about their opinions, as to what the government is transporting in such vehicles.
The topic of who owns the Reserve Bank of South Africa still rattles many feathers in the country. Most people are still convinced that a German national who goes by the name, Michael Duerr, owns 57.5% of Reserve Bank but that's far from the truth.
'Disappointed' Sipho Pityana takes Absa to court for firing him from board (timeslive.co.za) Sipho Pityana, who become fired from Absa's board after refusing to resign, will take the bank’s selection to courtroom. On Wednesday morning Absa announced that Pityana, who joined the board in May 2019, would quit to be a director of the Absa Group and subsidiary forums with on the spot impact.
OPINION It is difficult for the wealthy elites to understand the pain of the poor who are earning a worthless RTGS dollar, prices are coming down for the rich and going up for the poor due to exchange rate disparities. 15kgs of potatoes are ZW$1573 or US$7, It used to be US$20 spare a thought for the growers who get paid 2 weeks later when the money has totally lost value
The South African Reserve Bank (SARB) commissioned research that suggests there is an economic basis for launching a R10 coin in South Africa, but there are worries about public acceptance, according to Pradeep Maharaj, the central bank's chief operations officer. The Reserve Bank makes the final choice on whether or not to launch a new coin, according to Maharaj, with one of the important factors being the face value of the note vs the cost of making it, known as its "seigniorage."
South Africa's shopper value expansion went up to 4.9% (year on year) in August, as per Statistics SA's Consumer Price Index (CPI). This is a slight increment from 4.6% in July. It's the fourth sequential month where the yearly increment is higher than the midpoint (4,5%) of the Reserve Bank's money-related arrangement target range.
The Reserve Bank has expanded the rate by 25 premise focuses to 3.75%. JOHANNESBURG - A blend of elements has passed on the Reserve Bank with little to pick yet to build the repo rate, saying there were dangers of higher expansion. This is awful information for the people who are battling monetarily with high fuel and power costs seeing purchaser shaking their heads while doing their financial plans.
The SA Reserve Bank on Thursday climbed the repo rate by 25 premise focuses to 3.75%. Lead representative Lesetja Kganyago said three individuals from the Reserve Bank's Monetary Policy Committee (MPC) decided in favor of an expansion, while two individuals decided in favor of rates to stay consistent.
Two women and two men were arrested for being found in position counterfeit money Police said two women aged 57 and 58 and two men aged 36 and 48 were arrested in Auckland Park in Gauteng on Friday. Image: South African Police Service "Two women and two men were arrested in Johannesburg on weekend after they were found in possession of counterfeit money with an estimated value of R2 be inmillion," Gauteng police said.
We are in a generation of creating wealth of the next generation. W e are growing exponentially as a country, we are on a raise for good things that are bound to happen. But if we do not change our mindsets this moving train will leave us behind and we will be regretting it later on.
3.75% is the new repo rate set by the Reserve Bank An increase of this magnitude has not occurred in three years. Reserve Bank Governor Lesetja Kganyago said during a briefing on Thursday that three members of the Monetary Policy Committee (MPC) preferred an increase, while two preferred rates to remain steady.
Horse-trading is in full swing! This week, the EFF solidified its place as the consequently parliamentary party in the government. And if they really want to establish a governing coalition in crucial towns, nearly everybody will require their support as well as mandates. The EFF has now made public their list of cooperation requirements for organizations such as the ANC.
A model that is used by the Monetary Policy Committee (MPC) has predicted that there is going to be a hike in interests rates following the rise in global energy shortage and inflation. This is the first time is has happened ever since the year 2018. A huge contributor to this is the global supply chain disruptions which eventually led to shipping costs rising to a staggering amount.
One of the most vital skills in life is understanding the power of money and this includes knowing how interest rates work. When you borrow money from a bank they charge you a certain percentage that must be paid in conjunction with the amount you've loaned. The same principle applies when you save or invest money.
https://ewn.co.za/2021/11/18/kganyago-weaker-rand-escalating-wage-demands-led-to-repo-rate-was-increase?utm_source=dlvr.it&utm_medium=twitter JOHANNESBURG - A mix of variables has passed on the Reserve Bank with little to pick however to expand the repo rate, saying there were dangers of higher expansion. The Reserve Bank has expanded the rate by 25 premise focuses to 3.75%.
Examination charged by the South African Reserve Bank (SARB) shows that there is a financial case for presenting a R10 coin in South Africa – notwithstanding, there are worries about take-up from general society, says Pradeep Maharaj, the national bank's head working official. Maharaj advised CapeTalk that a definitive choice to present another coin lies with the Reserve Bank, with one of the key contemplations being the assumed worth of the note versus the expense of delivering it – known as its 'seigniorage'.
Police said ladies elderly 57 and 58 and two men aged 36 and 48 were arrested in Auckland Park on Friday. Four humans had been arrested in Johannesburg at the weekend when they have been determined in ownership of counterfeit money with an estimated cost of R2m, Gauteng police stated.
Four people were arrested in Auckland Park for being in possession of fake cash valued R2 million in cash. SAPS Four people who were found with R2 million are to appear before the Magistrate in Magistrate's court after they were found with R2 million of counterfeit cash. What happened
The Reserve Bank anticipates that inflation should stay near 4.5% throughout the following a few years, which is the reason it has not been rushed in raising loan fees, as per agent lead representative Kuben Naidoo. Naidoo on Wednesday was talking during an online course about the homegrown monetary viewpoint.