South African Reserve Bank Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.75%. Repo Rate: Remains at 6.75% per year, Prime Lending Rate: Remains at 10.25%. The decision was a split vote among MPC members (four favored holding, two favored a 25-basis-point cut). The bank is acting cautiously, wanting to see further declines in inflation expectations and…
The Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) have jointly publishedtheir inaugural report, Artificial Intelligence in the South African Financial Sector. This report providesthe first comprehensive overview of AI adoption, including machine learning (ML) and generative AI(GenAI), within South Africa’s financial institutions.Informed by a survey of banks, insurers and investment managers that…
BETWAY SA20 SEASON 4 AWARD WINNERS BETWAY PLAYER OF THE SEASON: Quinton de Kock (Sunrisers Eastern Cape) BATTER OF THE SEASON: Quinton de Kock (Sunrisers Eastern Cape) BOWLER OF THE SEASON: Ottneil Baartman (Paarl Royals) RISING STAR OF THE SEASON: Jordan Hermann (Sunrisers Eastern Cape) ABSA MONEYBALL SAVER OF THE SEASON: Marco Jansen (Sunrisers Eastern Cape) ITS RAINING SIXES: Dewald Brevis…
Zimbabwe’s Benjamin Follett-Smith claimed his third Sunshine Tour title when he won the Cell C Challenge in Honour of Gary Player at Killarney Country Club on Sunday. Starting the final round three shots behind leader Haydn Porteous, Follett-Smith produced a magnificent charge and signed for a closing 66 to win by a single stroke on…
FNB Connect has introduced eco-friendly SIM cards, made possible by biodegradable SIM card carriers, and recyclable packaging. The new FNB Connect SIM cards use a reduced-plastic design, replacing the traditional full plastic carrier with a paper-based cardboard, while the packaging is made from high-grade, recyclable paperboard rather than plastic laminate. The move comes as South…
Thanks to the brilliant partnership of Bryce Parsons and Dewald Brevis ensured the Pretoria outfit to the Betway SA 20 finals after defeating Eastern Sunrisers with seven-wicket at Kingsmead. The 91 runs partnership lit up Kingsmead with Parsons (60 off 44 balls, 4×4, 2×6) delivered a dream all-round performance with a magical spell of 3/10…
MJ Daffue is back in South Africa to tee it up in this week’s Cell C Challenge in Honour of Gary Player at Killarney Country Club, and says he’s excited about getting that excitement for his game that the Sunshine Tour does so well to provide. His return to his roots on the Sunshine Tour…
This means balancing strong academic performance with meaningful involvement in First-team sport, Cultural pursuit (Music, Drama and Art etc.), Leadership responsibilities and Community engagements. This has led Kingsmead College to deliver exceptional performance with 100% Bachelors Degree pass with 294 Distinctions. Indeed “the girls just had fun” with Zoey Anderson scooping 10 Distinctions, Emma Simmonds…
Joburg Super Kings brought the vibes to The Wanderers on January 11, hosting a successful fan carnival that turned the iconic ground into a full-blown celebration. With the Super Kings squad in attendance, fans were treated to a day packed with music, fun games and interactive activities, creating an electric atmosphere. The carnival stage came…
