Another Interest Rate Hike Expected Today - South African News Briefs - September 22, 2022 allafrica: SouthAfrica treasury rateshike SAPS ThaboMbeki
South Africa's central bank is expected to fully unwind its extraordinary pandemic-era stimulus measures when it raises interest rates today. The five-member Monetary Policy Committee will spend the morning deliberating before making the all-important announcement later in the day.Former national police commissioner Khomotso Phahlane and his five co-accused in a R54 million police tender scandal have been granted bail.
They were ordered to hand over their passports and the case was postponed to December 7, 2022.President Thabo Mbeki has placed blame for load shedding and the ailing economy on a lack of quality leadership in both government and society. Mbeki said that good leadership was the key ingredient to solving most of the country's many challenges, Eye Witness News reports.