The South African Reserve Bank Governor Lesetja Kganyago announced that the interest rate was reduced to 7% and the prime lending rate was reduced to 10.5%.
Business and Economy
Most viewed
Popular
-
Easy steps to get an IT3b certificate from Capitec, Nedbank, FNB, Standard Bank
-
Traders struggle to recover from selloff as Fed rate fears linger
-
South African unemployment rate for women continues to rise as South Africans face hopelessness
-
Asian markets mostly up, Hong Kong boosted by Alibaba rally
-
How and where to sell old coins in South Africa (2025)
Business and Economy Latest News
Musk plans largest-ever supercomputer for xAI startup: report
Billionaire tech mogul Elon Musk has told investors he plans to build a supercomputer dubbed "gigafactory of compute" to support the development of his artificial intelligence startup xAI, an industry news outlet reported Saturday.
G7 ministers cite 'progress' but no deal on Russian assets for Ukraine: draft statement
G7 finance ministers said on Saturday they were making "progress" in finding ways to use profits from frozen Russian assets to help Ukraine, according to a draft statement from a summit in Italy.
Life in water and mud: Colombians fed up with constant flooding
The Berrio family moves around their home on raised planks, upon which their beds and furniture have been raised, to avoid the knee-high, murky waters that have invaded their modest brick house. At home, they negotiate the plank system.
Business and Economy
Load moreEnergy
Energy
Read moreMoney
Money
Read moreIndustry
Industry
Read moreTechnology
Technology
Read moreEconomy
Economy
Read more