Business
Middle class hanging on by a thread in South Africa – and cutting interest rates won’t help
An economist has warned South Africa’s middle-class is in for a bleak two years, with interest rate cuts unlikely to help in any way.
Parliament passes 8 new bills – including changes for pensions and a new SOE in South Africa
Changes to South Africa’s intelligence services, retirement system, and water services were among the eight consequential bills given the go-ahead by Parliament on 26 March.
Students frustrated with Educor’s failure to assist them
‘They would have to have formally informed the students, that’s what the regulations require them to do, where there are students who have got monies due to them, they have to reimburse those students,’ says Veli Mbele, spokesperson for the Department of Higher Education.
No relief for South Africans – SARB keeps rates on hold
The Monetary Policy Committee has unanimously decided to keep the repo rate at 8.25%.