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SARB hikes repo rate to 7%

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The repurchase rate (repo rate) in South Africa reached 7% after the SA Reserve Bank’s (SARB) Monetary Policy Committee (MPC) agreed to a 75 basis points hike.

Evening load shedding reduced to Stage 3

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Due to the diesel supplied by PetroSA this week, Eskom says it will now reduce load shedding during the night from Stage 4 to Stage 3 at 16:00 to 05:00 until Monday morning.

Beneficial UK State Visit solidified relations

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South Africa’s two-day Royal State Visit to the United Kingdom was beneficial and helped solidify already strong relations between the two countries, says President Cyril Ramaphosa.

Green Hydrogen Summit to showcase SA's offering

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Infrastructure South Africa (ISA) will be hosting the inaugural South Africa Green Hydrogen Summit (SAGHS) next week to showcase the country’s offering as a large-scale, low cost, world class green hydrogen production hub and total value chain investment destination.

Government records progress on programme of action

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Despite the various emergent disruptive circumstances such as the COVID-19 pandemic, flood disasters, the July 2021 unrests and the conflict in Ukraine, government is steadily making inroads towards meeting its targets of its five-year programme of action.

Gordhan denies claims about DA access to Kusile Power Station

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The Department Public Enterprises Minister, Pravin Gordhan, is accusing the Democratic Alliance (DA) of “political grandstanding” over the electricity crisis by attempting an unplanned visit to the Kusile Power Station on Wednesday.

SA keen to attract investment

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While the South African economy has experienced various challenges, including electricity shortages, work is underway to ensure that the country attracts investment.

DIRCO warns of legalisation services scam

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The Department of International Relations and Cooperation (DIRCO) has sent out a warning regarding a scam where fraudsters are using the department’s name to solicit money for legalisation services.