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South Africa

Financial Action Task Force conducts on-site assessment in SA

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The Financial Action Task Force (FATF) Africa Joint Group has concluded an on-site assessment visit to South Africa, which was aimed at verifying the implementation of reforms to address money laundering and the financing of terrorism.

Reserve Bank cuts repo rate by 25 basis points

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The South African Reserve Bank's Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points to 7%, with effect from the 1 August 2025.

Government launches project for investors in energy sector

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As part of ongoing efforts to unlock infrastructure investments and strengthen the energy sector, government is calling on investors to invest in the country’s transmission infrastructure through the Independent Transmission Projects (ITPs) Programme.

Government cracks down on water mafia

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Water and Sanitation Deputy Minister David Mahlobo has reaffirmed government’s commitment to tackling the growing challenge of water infrastructure sabotage and criminal activities of the so-called “water mafia”, who continue to violate citizens’ constitutional right to water access.