The South African Reserve Bank (Sarb) is anticipated to lower the benchmark repo rate by another 25 basis points on Thursday, to 7.75%, after inflation fell below the bank's target range. Speaking on VOC Breakfast on Wednesday morning, Economist and founding director at Centre for Economic Development and Transformation Duma Gqubule said he does not agree to any decision made by the reserve bank. “I have to say that our […]
Economist George Glynos says there are strong indications that the South African Reserve Bank will cut the repo rate by at least 25 basis points. The bank will on Wednesday announce the outcome of its Monetary Policy Committee meeting. The bank’s last MPC meeting in January decided to keep the repo rate unchanged at 6.75%. Glynos says many factors count in favour of a rate cut. [Source: SABC]
VOC became the first Muslim radio station in South Africa when a special events license was granted to the station in Ramadan/January 1995. Subsequent temporary broadcast licenses were granted, permitting the station to broadcast for 24 hours.
