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Inflation steady at 3. 2%, no change in interest rates

This week Statistics SA released the February year-on-year inflation figures and the South African Reserve Bank (SARB) decided to maintain the repo rate at its current 7.5%. Accordingly, the prime lending rate remains 11%.On the interest rate decision, law firm STBB commented: “This comes after three consecutive rate cuts, beginning…
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Government delivers a fatal one-two punch to consumers

South African consumers receeived no relief from the South African Reserve Bank (Sarb) on Thursday after the central bank's Monetary Policy Committee's (MPC) voted on keeping the repurchase rate in the country unchanged. Sarb governor, Lesetja Kganyago said that four members preferred this action, while two favoured a cut of 25 basis…
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SA Reserve Bank keeps interest rates unchanged

South African Reserve Bank (Sarb) governor, Lesetja Kganyago, on Thursday announced the central bank's Monetary Policy Committee's (MPC) decision on the repurchase rate (repo rate) in the country. Kganyago said that interest rates in South Africa will remain unchanged. This means the repo rate will remain at 7.5% while the prime lending…
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No tax twists for trusts: 2025 Budget delivers good news

By Nishtha Bhoola As South Africa braces for the 2025 budget announcement, all eyes are on the evolving tax With recent Trust amendments targeting the flow-through principle for resident beneficiaries, National Treasury is now turning its focus to the complexities involving non-residents. This year, trusts may find themselves at a…
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Libraries for sustainable communities: Pioneers of progress

By Charlie Molepo – President: Library and Information Association of South Africa (LIASA) South African Library Week (SALW) is an annual, week-long event hosted by the Library and Information Association of South Africa (LIASA) - in partnership with the Department of Sports, Arts and Culture; Makhado Municipality; EBSCO; Ndende Technologies; Sabinet;…
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