The Reserve Bank’s Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 3.5%. The decision will be made public on Thursday afternoon at the conclusion of the committee’s three-day meeting. The committee has previously said it expected inflation to remain contained at 4.2% this year. In June, inflation went down from 5.2% to 4.9%. Economists say inflation is not something to be too concerned about at […]
Figures released by Statistics South Africa show that the Consumer Price Inflation rate has accelerated to 5.2% in May from 4.4% in April. The statistics agency notes that this is the highest reading since November 2018. Stats SA further notes that the change in the rate comes off a low base recorded in May 2020, when fuel prices were low. An Economist at Econometrix Laura Campbell says demand-side inflationary pressures […]
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.
