South Africa's Reserve Bank plans to eliminate the prime interest rate, transitioning to repo rate loans and adopting ZARONIA, improving transparency in lending.
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Junta-led Burkina Faso suspends BBC, Voice of America for two weeks
Burkina Faso has suspended the BBC and Voice of America radio networks from broadcasting after they aired a rights report accusing the army of attacks on civilians in its battle against jihadists. It said the decision had been taken because BBC Africa and the VOA had aired and also published a report on their digital platforms "accusing the Burkina army of abuses against the civilian population".
US Fed's favored inflation measure accelerates, dimming rate cut hopes
The US central bank's favored measure of inflation accelerated last month, according to government data published Friday, pushing back the chances of an interest rate cut this summer. The data published Friday also show that personal income accelerated last month, rising by 0.5 percent in March from a month earlier, the Commerce Department said.
EU toughens rules on Chinese fashion retailer Shein
The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are large enough to come under stricter safety curbs. The company joins Facebook, TikTok, X, YouTube in a list of 23 "very large online platforms", which have more than 45 million monthly active users in the European Union.
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Made in Mzansi Celebrates South African Heritage, Local Manufacturing and Everyday Health
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