As the country waits for the Reserve Bank to announce the next interest rate hike Thursday afternoon, middle-class South Africans may feel an extra pinch on their already-thin wallets. Currently, the repurchase rate sits at 7.75% while the prime lending rate is at 11.25%. The Reserve Bank has increased rates by 425 basis points since November 2021. This would be the tenth interest hike since November 2021. Economists say the […]
Water and Sanitation Minister Senzo Mchunu has promised the community of oThongathi, North of Durban, that they will have consistent supply from mid-September. The community held a protest over the inadequate supply of water on Thursday, where they burnt donated water tanks. Affected by April floods The area was one of those affected by April floods that washed away water treatment plants leaving thousands without running water. Mchunu along with Kwa-Zulu-Natal Cooperative […]
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.
