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.
The Congress of South African Trade Unions (Cosatu) has repeated its require the remaking of the South African economy right after the disturbing second from last quarter joblessness figures delivered by Statistics SA (Stats SA) on Tuesday. South Africa's true joblessness rate expanded to 34.9%, contrasted with 34.4% in the second quarter of this current year, as per Stats SA's Quarterly Labor Force Survey (QLFS).
https://www.iol.co.za/news/politics/anc-opposed-to-pension-fund-amendment-bill-which-could-affect-borrowers-38ed2149-66e6-4668-b9bc-53249cc4f40a?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1638389853 A portion of the individuals from Parliament's standing advisory group on finance have protested the Pension Funds Amendment Bill which tries to permit general society to get sufficiently close to their assets through loans. The bill was started by DA panel part Dr Dion George last year with the plan to alter the Pension Funds Act to permit benefits store individuals to get to a piece of their asset before retirement as an assurance for a loan.
The government of Zimbabwe was informed that there had been banks that were charging civil servants for the deposit of foreign currency into their accounts . Some banking institutions were alleged to be making arbitrary charges against the bonus payments that were made to the civil servants . In response , the Government issued a directive that all the civil servants had to be allowed to make withdrawals of their payments in full in United States Dollars .
The level of hostility in South africans against immigrants is growing everyday and authorities and leaders should develop various to this issue. The outcome of the votes of the local elections shows that people are adamantly serious about the issue of illegal immigrants in the country, and the issues which locals are talking about of the subjection to crime and unemployment because of foreigners in the country, and therefore it will be imperative to implement and enforce laws that will ensure that locals have advantages in the country and to rule the informal businesses and the entry-level employment such as in such as restaurants petrol attendants, driving, security, and only permit the employment and the entrance of foreigners in the country for business for work and study and critical scarce skills which are important for the development of the country and the security of the country.
Source: https://twitter.com/CoruscaKhaya/status/1463414899456057344?t=aaU8uLqOOuSwCeqBdTEbww&s=19 While President Cyril Ramaphosa is still licking his wounds after the humiliating losses of three crucial Gauteng Metros, one of his closest allies, who played a key role in ensuring his ascension to Union Buildings, has been fired with immediate effect.
"First day as Governor of the South African Reserve Bank. 32nd floor. Pretoria SARB HQ. Looking rather…." This was said by the former Governor as he looks back on his days as Governor when he was young. We must really give it Thabo Mbeki for believing in young people.
The 31-year-old Sibongile Mani will know her fate regarding the NSFAS funds on the 14th of December 2021 . Even though the Magistrate Twannett Oliviers from the East London Regional Court was ready with the judgement on Wednesday , she had to reserve it for the 14th of December 2021.
The Money Policy Man and The Reserve Bank Have Made A Not So Surprising Announcement Date: 2021/11/18 Source: https://twitter.com/TimesLIVE/status/1461340561969856516 The money policy at the reserve bank chose to raise rates by 25 basis points, which means the repo rate moved from 3.5% straight to 3.75% to fight the extraordinary inflation that is holding South Africa back, with high-interest rates.
The fall and demise of Zimbabwe dollar against hard currency is shocking. National treasury still believe in the local currency which is fast losing value week in week outReserve Bank of Zimbabwe introduced foreign currency auction system mid 2020 to curb the gate-away exchange rate between local currency and United States dollar.
https://ewn.co.za/2021/11/19/trade-union-federations-raise-alarm-over-suffocation-of-economy?utm_source=dlvr.it&utm_medium=twitter CAPE TOWN - Trade association alliances are raising the alert over what they call the "suffocation of the economy" with high fuel costs, COVID-19, crushing intentional power outages, employment misfortunes and compensation cuts and most as of late.
https://www.iol.co.za/business-report/economy/sa-reserve-bank-lifts-the-repo-rate-to-375-first-interest-rate-hike-in-3-years-4528733d-0b66-4e3b-af5d-69bd5a748d70?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1637246663 The South African Reserve Bank (SARB) today lifted the repurchase rate (repo rate) by 25 premise focuses to 3.75%, set off by the unsafe point of view toward expansion over the medium term.
Worldwide elements kept on putting the rand on the back foot yesterday as the neighborhood money started the week under genuine strain, drooping to a one-year low. The rand yesterday penetrated the R15.80 detriment for the US dollar, its most minimal since November last year, compelled by a more grounded dollar and worries over new lockdown limitations in Europe, just as some hawkish remarks from Fed authorities.
https://ewn.co.za/2021/11/25/pityana-says-absa-is-blocking-his-constitutional-right-to-defend-his-name?utm_source=dlvr.it&utm_medium=twitter JOHANNESBURG - Former Absa board chief Sipho Pityana said that the financial gathering was assaulting his sacred right to protect his name in court. Absa terminated Pityana as a chief after the connection between the gatherings separated. The gathering said that Pityana neglected to demonstrate that he didnt cause hurt after he hauled the South African Reserve Banks Prudential Authority to court, blaming it for obstructing his selection as Absa board seat.
Source: https://twitter.com/CoruscaKhaya/status/1463414899456057344?t=aaU8uLqOOuSwCeqBdTEbww&s=19 While President Cyril Ramaphosa is as yet licking the injuries following the embarrassing misfortunes of three fundamentally significant Gauteng Metros, one of his most significant partners and who played a basic in working with his command to Union Buildings, has been Fired with quick impact.
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.
Sipho Pityana has been removed from Absa's board of directors. Absa has delivered a knockout shot to Sipho Pityana, dismissing him from the board of directors following a series of body blows, including his rejection as chairperson of the banking company. Sipho Pityana was removed as a director of Absa after the businessman failed to persuade the board that his activities were not detrimental to the bank.
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.
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%.