Author: staff

Reserve Bank Governor Lesetja Kganyago. (Gallo Images/Frennie Shivambu) As expected, the SA Reserve Bank’s monetary policy committee (MPC) lowered interest rates by 25 basis points – despite a jumbo cut of 50 basis points in the US overnight. Following the cut, SA’s repo rate will now be 8%, and the prime rate 11.50%.The MPC’s decision means the monthly instalment on a new R2-million home loan at the prime rate will be almost R350 cheaper. Since the MPC started hiking rates in 2021, repayments on a R2-million bond surged by R7 000 a month.SARB Governor Lesetja Kganyago said cooler inflation should…

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EFF MP Sinawo Tambo said the party’s labour desk received complaints from at least 4 000 employees reporting pension fund fraud. (Fani Mahuntsi/Gallo Images) South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

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Near the location where Nophumela Makeleni was shot and killed in Kraaifontein. (Misheck Makora/Daily Sun) South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

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Rhinos in Hluhluwe-iMfolozi Park are benefiting from a successful dehorning program, leading to an 80% reduction in poaching incidents. (Martin Harvey/Getty Images) South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

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The SA Post Office (SAPO) has urged customers to start sending international Christmas parcels and mail soon to ensure they reach their destinations on time.”Customers who use surface mail to send their Christmas gifts abroad should do so soon, as this will ensure that their parcels reach their destinations before Christmas Day,” said joint business rescue practitioner (BRP) Anoosh Rooplal.Those who choose to use airmail have slightly more time. The struggling state-owned entity, which is in business rescue, has clinched a deal with Ethiopian Airlines to move international post and parcels by air.SAPO said the final date for posting surface…

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Springbok prop Ox Nche said Siya Kolisi being in the coach’s box is a good thing for the team. (Charle Lombard/Gallo Images) South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.

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