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SARB hikes repo rate by 25 basis points

For the first time in almost three years, the South African Reserve Bank’s Monetary Policy Committee (MPC) has increased the repo by 25 basis points.The move will see the repo rate rise to 3.75% per year.Addressing the media following the MPC’s meeting…

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Temporary load shedding reprieve

Eskom says it expects to lift load shedding from 9pm this evening with the utility moving to implement Stage 1 on Friday morning.This was announced by Eskom Chief Executive Andre de Ruyter.He said several generating units at the power utility’s power s…

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SA, Denmark renew water pact for five years

South Africa and Denmark have extended their working agreement to strengthen cooperation in the water sector for a further five years.The Department of Water and Sanitation and Danish Environmental Protection Agency (DEPA), under the Ministry of Enviro…

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Eskom ‘crisis’ requires integrated solution

Public Enterprises Minister Pravin Gordhan says South Africa will have to, amongst other things; add “a few more thousand megawatts” of electricity into the system before load shedding can be dealt with.He was appearing before Parliament’s Portfolio Co…

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Post Office puts in the work to improve services

The South African Post Office (SAPO) has tightened and improved internal controls in an effort to improve its service to its customers.In a statement on Wednesday, the SAPO committed to focusing on financing operational requirements whilst implementing…

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