Business and Technology

Reserve Bank announces repo rate decision

The South African Reserve Bank Governor, Lesetja Kganyago, has announced that the repo rate will be raised by 50 basis points to 7.75% on Thursday.

Kganyago says for the foreseeable future, economic and financial conditions are expected to remain more volatile. “In this uncertain environment, monetary policy decisions will continue to be data dependent and sensitive to the balance of risks to the outlook.

Source: eNCA

In other news – Mo Flava to host morning show on 947

Mo Flava whose real name is Moetie Tsiki joins 947 after exiting Metro FM. The DJ who spent 8 years in Metro will take over the weekdays 9 to 12 morning show starting from Monday, 3 April.

Mo Flava

Mo says: “I am excited and honoured to be joining 947. I have always had the greatest admiration and respect for the Primedia platform. Learn more