The repo rate will stay stable "for some time to come", South African Reserve Bank Governor Gill Marcus said on Thursday.
The World Bank has approved the granting of a $3,75-billion loan to electricity parastatal Eskom
All South Africans should support the granting of the World Bank loan to Eskom, Energy Minister Dipuo Peters said on Tuesday.
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/ 4 February 2010
The country’s water demand will exceed supply by 2025, Consulting Engineers South Africa said on Thursday.
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/ 23 January 2010
Eskom is not an efficient producer and a 35% price hike will only throw the country into a deeper socioeconomic abyss, Nersa heard on Friday.
The high rate of credit extension in South Africa had become a major concern for the South African Reserve Bank (SARB), the bank’s Governor Tito Mboweni said on Monday while addressing trainee chartered accountants in the Western Cape. "Consumer spending through credit-card lending has recorded year-on-year growth of 38,6% to a level of R36,9-billion at the end of July 2006.
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/ 29 September 2006
The South African Reserve Bank (SARB) on Friday said in a statement that it would hold a strategic planning session on inflation from September 28 to October 1. In a statement, SARB Governor Tito Mboweni said: "In 2003, after three years of inflation targeting, it was decided to hold periodic strategic planning sessions of the Monetary Policy Committee.
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/ 19 September 2006
International media and communications group Independent News & Media on Tuesday announced its interim results, stating that strong underlying trading performances across the group, especially South Africa, "delivered a 4,9% improvement in operating profit before exceptionals".
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/ 13 September 2006
Virgin Mobile’s Richard Branson said in an open letter this week that the request that the Independent Communications Authority of South Africa (Icasa) postpone the "long awaited and agreed date" of number portability was "an absolute disgrace and completely unacceptable".
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/ 4 September 2006
The main factors that have recently led to the heightening of the inflationary risks, namely high levels of consumer spending, adverse movements in the exchange rate, a larger current-account deficit, higher food prices and high oil prices, serve as the backdrop to the tightening cycle in South Africa, Tito Mboweni, Governor of the South African Reserve Bank, said on the weekend.
The South African Broadcasting Corporation (SABC) announced on Wednesday that it has posted an after-tax profit of R383-million for the 2005/06 financial year. This is a 97% increase on the adjusted figure of R194-million for last year. The public broadcaster also reported marked audience growth across most of its radio and television platforms.
Production was brought to a halt at Kumba’s three largest mines in South Africa on the third day of a strike by the trade unions Solidarity, the National Union of Mineworkers, the National Union of Metal Workers of South Africa and Building Allied Mining and Construction Workers’ Union, Solidarity said in a statement.