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You are here: Home / News / Repo rate rises to 5.5%

Repo rate rises to 5.5%

21 July 2022 by Alan

Repo rate rises to 5.5%:

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) has decided to increase the repurchase rate (repo rate) by 75 basis points.

: SAnews – South African News sihle

Government doing everything in its power to address load shedding:

Government is doing everything it can to address the country’s problem of load shedding, says Government Communication and Information System (GCIS) Director-General Phumla Williams.

: SAnews – South African News Edwin

SA puts citizens at the heart of just energy transition:

As South Africa works towards achieving a just energy transition, government has reiterated that workers and communities that are highly dependent on the fossil fuels value chain will be part of the various initiates that seek to protect livelihoods.

: SAnews – South African News nosihle

SA records over 500 new COVID-19 cases, four deaths:

South Africa detected 550 new COVID-19 cases on Wednesday, bringing the total to 4 001 444 laboratory-confirmed cases.

: SAnews – South African News Gabisile

Former acting Gauteng Human Settlements head nabbed for fraud:

A former acting head of the Gauteng Department of Human Settlement was arrested on Wednesday for allegedly fraudulently receiving R7 million payments from a supplier in the Free State government asbestos project.

: SAnews – South African News sihle


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Fun Western Cape Fact: During the second Boer War, Stellenbosch was home to a British military base that served to re-assign officers that were not getting the job done on the front line. This led to the coining of the embarrassing term “to be Stellenbosched”, which gained regular usage in that day for those demoted to a lesser role due to incompetence.


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