The ANC’s Gwede Mantashe has defended his criticism of the Constitutional Court’s handling of its complaint against Cape Judge President John Hlophe.
Vodacom brings effortless internet to all its cellphone customers and makes a deal with South African social-media website <i>Zoopy.com</i>.
Democratic Alliance leader Helen Zille on Friday urged President Thabo Mbeki and national conventional arms-control committee chairperson Sydney Mufamadi to stop the transfer of arms aboard a ship, the An Yue Jiang, in Durban harbour to Zimbabwe. The ship has been at anchor off the port of Durban since Monday.
South African Reserve Bank Governor Tito Mboweni has raised the repo rate, at which the South African Reserve Bank lends money to banks, by 50 basis points to 11,5% following a two-day meeting of the bank’s monetary policy committee. The prime overdraft rate therefore increases to 15%.
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/ 20 February 2008
Overwhelmingly positive or mediocre? Economists on Wednesday had a variety of impressions to share of Finance Minister Trevor Manuel’s national budget, tabled in Parliament earlier in the day. Colen Garrow, economist at Brait, said: "There was nothing in it for the embattled consumer."
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/ 6 December 2007
South African Reserve Bank Governor Tito Mboweni on Thursday raised the repo rate by 50 basis points following a two-day meeting of the bank’s monetary policy committee. The increase pushes the repo rate to 11%, the prime overdraft rate to 14,5% and the tightening cycle that began in June last year to 400 basis points.
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/ 25 September 2007
The Democratic Alliance (DA) has written to the Public Protector to complain about the Health Department’s advertisements placed in various newspapers last week to protest against a judge’s failure to interdict the Sunday Times over its reports on the medical records of Health Minister Manto Tshabalala-Msimang.
The South African Reserve Bank (SARB) opted on Thursday to increase its key repo rate by 50 basis points to 10%, its monetary policy committee said. The repo is the rate at which the SARB lends to commercial banks, whose prime lending rate will rise — also by 0,5 percentage points — to 13,5%.
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/ 22 February 2007
Health Minister Manto Tshabalala-Msimang has been admitted to the intensive-care unit of the Johannesburg General Hospital. According to media reports on Thursday, she is on a ventilator. She was admitted to the same hospital last year for several weeks after reportedly suffering from a lung infection.
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/ 21 February 2007
South Africa needs to compete to attract more foreign direct investment, the Democratic Alliance said on Wednesday in reaction to the budget speech, adding that a corporate-tax rate cut would have been justified. Economist Mike Schussler told the <i>Mail & Guardian Online</i> that companies were being ignored in the Budget.