Thahasello Mosebetsi Secretarial Services - Pty Ltd

BMW offers severance packages to employees to cut 8 000 jobs As the carmaker tries to become leaner to better compete with rivals from China.

Repo rate steady at 7%

BREAKING NEWS: 24 July 2026

South Africa’s central bank, SARB’s Monetary Policy Committee, unexpectedly kept the repo rate at 7% (prime at 10.5%), despite recent spikes in inflation. Governor Kganyago noted that the current policy is strong enough to bring inflation back to target.

Read more here: https://www.businesstechafrica.co.za/news/2026/07/24/breaking-news-today-friday-24-july-2026/

Chart of the week on fuel as driver of headline inflation

MSN

Spur steak for 50 cents The rand's purchasing power has been decimated by decades of inflation, with a 300g Cheddamelt Steak from Spur going for 50 cents just fifty years ago.

Inflation rises to 5% and South African Reserve Bank (SARB) to make announcement tomorrow.

Inflation rises to 5%, bolstering rate hike case Consumer prices rose faster than forecast, strengthening expectations that the Reserve Bank will lift interest rates to 7.25% on Thursday.

https://businesstech.co.za/news/government/863650/r26-billion-down-the-drain-in-south-africa/

R26 billion down the drain in South Africa South Africa is losing an estimated R26 billion a year in revenue due to water losses.

https://dailyinvestor.com/finance/134531/important-court-ruling-about-vat-increases-in-south-africa/

Important court ruling about VAT increases in South Africa The High Court has ruled that Parliament retains ultimate supremacy over changes to tax rates in South Africa, which it can delegate to the Finance Minister in specific circumstances.

https://mybroadband.co.za/news/energy/648515-former-eskom-ceo-says-three-men-saved-south-africa-from-disaster.html

Former Eskom CEO says three men saved South Africa from disaster Former Eskom CEO Jacob Maroga also warned that South Africa was not out of the proverbial woods yet.