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 […]
Economists have raised concerns about the potential negative effects of U.S. President-elect Donald Trump’s victory on South Africa (SA) and Africa’s economy for several reasons. Speaking on VOC Breakfast on Friday, Economist Dawie Roodt shared some of his concerns. “I think Donald Trump being sworn in as president will affect South Africa in two possible ways. Trump has been adamant that he would be imposing new tariffs, cut taxes in […]
Economists have expressed surprise at the degree to which the economy contracted in the first quarter of 2018. Growth domestic product (GDP) shrank by 2,2 percent to end March – marking the economy's worst performance in nine years. It is the largest quarterly fall since the second quarter of 2009. Analysts expect more pressure on consumers for the rest of the year as the effect of April’s VAT hike and […]
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.
