Consumer inflation has hit its highest level in five years, at 6.5% - but it can still get worse, economists have warned. Stats SA on Wednesday released the inflation data for May, which spiked up from 5.9% in April. The consensus among economists had been an uptick to 6.1%, a breach of the upper limit of the South Africa Reserve Bank's (SARB) inflation target range of 4% to 6%.
Tokyo Sekwale is a tired striker who wants to take a penalty kick.African National Congress (ANC) veteran and financial specialist Tokyo Sexwale will address the media on Thursday evening at a scene yet to be declared.This comes after he wound up fixing web-based media's moving rundown this week following his cases around billions of rand had been taken from the Heritage Fund.
Julius Malema Its high time Julius Malema clear the air about him being implicated on the VBS bank looting. Julius Malema the EFF leader will be holding an interview with some journalists soon. As reported he insists on clearing his name, he wants to respond to questions about the party alleged involvement and himself in the VBS Mutual Bank saga. So on Wednesday he revealed that he has already invited five journalists from different house media. According to him the round table will be held noon. Follow S
Now that the news have broken about the money that was meant for assisting students at the University for free education and the social relief of Distress grant, some people are refusing to accept that indeed there were such funds have ready been stolen, we went out and gathered more evidence that will put your doubts to rest. Speaking to ENCA, Tokyo Sexwale confirmed that he is part of the two people tasked to be in charge of the heritage fund which is already in the Reserve Bank he and another person have
The South Africa Reserve Bank is offering bursary opportunities for qualified applicants. According to the bank, this is an initiative to help solve the severe shortage of skills in the country and therefore providing financial support to students in a relevant study but from a disadvantaged background. This is to help students who are financially stricken and pursuing various undergraduate programs of study at South African universities on full-time basis. The various intended courses should be under the f
The South African Reserve Bank (SARB) took a cautious approach Wednesday, maintaining its 4.2 percent GDP forecast for 2021, citing current supply disruptions and a protracted lockdown as potential dangers to economic growth. Governor Lesetja Kganyago stated that the impact of recent protests on GDP in the third quarter would cancel the better-than-expected 4.6 percent GDP print in the first quarter.