Representatives of several nations will meet in The Hague on Friday to discuss how they intend to hold Israel accountable for its violations of international law, particularly in Gaza. Organised by the Progressive International, the meeting aims to defend Palestinian rights and reinforce global legal mechanisms against impunity. “Nine nations will convene in The Hague to discuss their shared commitment to upholding international law, responding to threats against the International Criminal Court
The Western Cape Government (WCG) has announced a proposal to redevelop a portion of the contentious Tafelberg site in Sea Point. This move reignites a long-standing debate over the use of well-located public land for affordable housing. Provincial MEC’s Tertuis Simmers and Jaco Londt revealed that the Department of Social Development (DSD) has formally requested that the site, previously used as a school, not be considered for disposal while its potential use for
SARB lowers interest rate to 11%
Category: News
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) has announced a 25-basis-point cut to the repo rate, bringing it down to 7.25%, effective 31 January 2025. This will bring the prime lending rate (interest rate) to 11%. It’s the third consecutive 25 basis point repo rate cut since September last year. This decision comes against the backdrop of a challenging global economic environment, ongoing inflation risks, and an evolving domestic
The National Energy Regulator of South Africa (Nersa) has approved an Eskom tariff increase of 12,7% for this year which will come into effect on the 1st of April for direct customers. The power utility initially applied for an electricity price increase of 36% for 2025, and they are likely to be disappointed by Nersa’s decision. Following a detailed review of Eskom’s sixth Multi-Year Price Determination (MYPD6) application, NERSA granted the following
As the national energy regulator of South Africa (NERSA) is expected to announce its decision on Eskom’s tariff increase, the DA has made an eleventh hour plea for NERSA to reject Eskom’s request. The power utility has submitted an application for a tariff hike of 36% this year, a 12% increase for next year and a 9% the year thereafter. READ MORE: Eskom’s ‘outrageous’ price hike proposal for Municipalities Eskom tables
