woes

More woes for consumers as interest rate hike expected

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[…]

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Dysfunctional infrastructure to blame for SA’s water woes

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[…]

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