South Africa’s Reserve Bank keeps repo rate unchanged

South Africa’s Reserve Bank keeps repo rate unchanged

The South African Reserve Bank's Monetary Policy Committee has decided to keep the repo rate unchanged at 8.25 percent. This keeps the prime lending rate in SA at 11.75 percent. SARB Governor Lesetja Kganyago.

March 27, 2024 38

South Africa

Western Cape Agriculture Budget Aligned with Growth Strategy

Ivan Meyer, the Western Cape MEC of Agriculture, has announced that the department's budget will support the provincial government's ambitious growth strategy, aiming to build a trillion-rand jobs-rich, inclusive, and sustainable economy. Meyer presented the department's budget of one billion rand in the provincial parliament yesterday. He highlighted that 38 million rand is allocated for flood damage support, while 57.8 million rand is earmarked for animal health services to prevent […]

March 27, 2024 59

South Africa

ActionSA Vows Legal Opposition to Government and Eskom’s Load-Shedding Appeal

Herman Mashaba, President of ActionSA, has announced that the party's legal team will oppose the government and Eskom's appeal against the load-shedding judgment. Last December, the full bench of the North Gauteng High Court ruled load-shedding unconstitutional and mandated consistent electricity supply for public institutions such as schools, hospitals, and police stations. Deputy spokesperson James de Villiers of ActionSA asserts that load-shedding clearly infringes upon the fundamental rights of citizens. […]

March 27, 2024 33

Lifestyle

Zulu culture and sexual orientation: South African study reveals the health costs of stigma

By Ikekhwa Albert Ikhile, University of South Africa Same-sex relationships are legal in South Africa and protected by the constitution. Unfair discrimination on the basis of sexual orientation is against the law. But in practice many cultures don’t necessarily see this as a right. Traditional Zulu culture, for example, perceives same-sex relationships and sexual intercourse as taboo and unAfrican. Statements like “real men are not gay” […]

March 27, 2024 33

South Africa

Democratic AlliancePredicts ANC’s Majority Loss in South African Elections

The Democratic Alliance asserts that the African National Congress is poised to lose its majority in the upcoming South African elections on 29 May. Despite receiving support from the National Treasury and stakeholders, the ANC and the Economic Freedom Fighters have jointly opposed the desirability of the DA's Responsible Spending Bill during a session of Parliament's standing committee on Finance. Dion George of the DA argues that passing the bill […]

March 27, 2024 21

South Africa

South Africa’s Education Minister Takes Action Against Deregistered Colleges

Blade Nzimande, South Africa's Minister of Higher Education, Science, and Innovation, has declared his department's refusal to tolerate gross governance and compliance failures. This statement follows the deregistration of Damelin, City Varsity, Icesa City Campus, and Lyceum College—owned by Educor—as higher education institutions. Since 2020, these four private colleges have failed to submit audited annual financial statements and have neglected to comply with certain regulations. Nzimande addressed the complaints received […]

March 27, 2024 15

South Africa

Legal Battle Between ANC and Umkhonto we Sizwe Party Heads to High Court

The anticipated legal clash between the African National Congress and the Umkhonto we Sizwe Party is set for an open court hearing at the High Court in KwaZulu-Natal today. The ANC accuses the MK party of copyright infringement, contending that adopting the name of the ANC's disbanded armed wing constitutes trademark theft. However, media presence in the courtroom has been limited, with only 15 members permitted, including reporters and photographers, […]

March 27, 2024 34

South Africa

President Cyril Ramaphosa of South Africa has expressed his approval of Resolution 2728 adopted by the United Nations Security Counci

President Cyril Ramaphosa of South Africa has expressed his approval of Resolution 2728 adopted by the United Nations Security Council. The resolution calls for an immediate ceasefire in the Gaza Strip during the holy month of Ramadan. Vincent Magwenya, spokesperson for President Ramaphosa, described the resolution as a crucial development towards establishing a solid groundwork for a permanent ceasefire and the resumption of negotiations in the region.

March 27, 2024 21

South Africa

ANC loses case against the MK Party in SA Electoral Court

The South African Electoral Court has dismissed the African National Congress's attempt to prevent a new party, backed by former President Jacob Zuma, from participating in the upcoming general election. The ANC had argued that uMKhonto weSizwe had not met the criteria for official registration. According to the SABC, the country’s electoral court on Tuesday morning rejected that challenge. The ANC, according to the BBC, has said it accepts the […]

March 26, 2024 8