South Africa’s central bank cuts interest rates

South African Reserve Bank Governor Lesetja Kganyago has announced that the Monetary Policy Committee has decided to reduce the country’s repo rate by 25 basis points to 8%.

The announcement comes a day after SA’s inflation was reported at 4.4-percent in August, lower than the Reserve Bank’s target of 4.5-percent. It is expected that the rate will also be lowered at the bank’s next meeting in November.

Written by: Tonata Kadhila

Economic Policy Inflation Interest Rates Lesetja Kganyago Monetary Policy Repo Rate South African Reserve Bank

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Business / Economics

NIDA owes Keetmanshoop municipality nearly N$4.2 million

By: Hertha Ekandjo The Namibia Industrial Development Agency (NIDA) has confirmed that it owes the Keetmanshoop municipality approximately N$4.2 million in outstanding water and electricity charges as of end of January 2026. NIDA spokesperson, Wessel !Nanuseb, says the outstanding electricity bill currently amounts to N$2.8 million, while water stands at […]

3 February, 2026