Newsflash Archives - Page 9 of 19

STBB Newsflash | Latest News on the Interest Rate

This afternoon, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its second meeting of the year. In line with economists’ predictions, SARB has again elected to keep the repurchase rate (repo rate) at 8.25% to regulate

STBB Newsflash | Deeds Office Fee Increases

As anticipated, the Minister of Agriculture, Land Reform and Rural Development, Thokozile Didiza, published an amendment to the Schedule of Fees of Office, as prescribed by the Regulations to the Deeds Registries Act 47 of 1937, under GN R4447 in

STBB Newsflash | The National Budget Speech: Crunching the Numbers

This afternoon, the much-anticipated Budget Speech was tabled by Finance Minister Godongwana at Cape Town City Hall. Delivered against the backdrop of a projected revenue shortfall of R54 billion for the 2024/25 financial year, the Budget Speech contained the following

Newsflash | The Vodacom ‘Please Call Me’ Saga: Massive Payout Beckons for Former Employee After SCA Ruling

In November 2000, Kenneth Makate – who was then employed as Finance Manager at Vodacom – proposed that the mobile operator introduce a mechanism which allowed users with no credit to notify others to contact them. This idea purportedly developed

Newsflash | Whatsapp groups’ sharing frenzies curbed

Media24 is pleased that a precedent-setting Western Cape High Court judgment, handed down this week, found in its favour. The order comes after Media24 asked two ladies, who had paid subscriptions, to desist from sharing pdf copies of its journalists’

Newsflash | Latest on the Interest rate

The SARB’s Monetary Policy Committee met this afternoon and, as was widely expected, left the repo rate unchanged at 8.25% and the prime lending rate at 11.75%. Economists advise that although a reduction of the rates is expected for 2024,

Newsflash | News from the FIC – and is the community not growing?

Accountable institutions would all have received a Media Release from the FIC earlier this week, dated 4 December 2023. It served mainly as a reminder of sanctions that may follow on non-compliance and that, should non-compliance in a specific instance

Newsflash | Interest rate is unchanged

The South African Reserve Bank met earlier this afternoon and we are pleased to advise that the repo rate was left unchanged at 8.25%, meaning that the current prime lending rate remains at 11.75%. Since the interest rate hiking cycle

Newsflash | Medium Term Budget Speech

The Minister of Finance warned in recent months that government will need to tighten its belts and implement budget cuts amidst the low revenue collection. As South Africans we know that such cuts are necessary—the Treasury on Monday reported that

Newsflash | Email Fraud Notice

The sending of fraudulent emails, used for phishing or delivery of viruses and with the intention to compromise the recipient’s email account, is rife across the globe. The fraudsters will often use a recognised brand name to mask their identities.