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South Africa

IMF urges Zim to tackle challenges in banking sector

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Harare - A visiting International Monetary Fund (IMF) technical delegation has expressed confidence in Zimbabwe's Short Term Emergency Recovery Plan (STERP), but would like the challenges facing the banking sector to be addressed.

Pretoria court closed after second fire

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Pretoria - The Pretoria Magistrate's Court was closed on Tuesday when a second fire broke out in a courtroom, according to the Tshwane Metropolitan Municipality.

Economists predict repo rate cut

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Pretoria - Economists predict the Monetary Policy Committee (MPC) will announce a 100 basis point cut in the repo rate on Thursday after their two-day meeting.

NPA calls for stronger action against rapists

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Johannesburg - Acting National Prosecuting Authority (NPA) Head, Advocate Mokotedi Mpshe has called on the judicial system to take stronger action against rapists who continue to terrorise the vulnerable.

Nelson Mandela Bay stadium to have test run

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Port Elizabeth - Residents living in the Nelson Mandela Bay Municipality will soon get an opportunity to visit their local stadium earmarked for the 2010 FIFA World Cup, ahead of the event.

Minister to return Mercedes Benz

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Cape Town - Minister of Transport Sibusiso Ndebele has announced that he will voluntarily return the Mercedes Benz S500 and other items he received as a gift from the Vukuzakhe emerging contractors.

Mboweni to engage with commercial banks

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Vanderbijlpark - Reserve Bank Governor Tito Mboweni will engage with the country's commercial banks on Wednesday to discuss the large difference between its repo rate and their prime lending rate.

Major shake-up for SA education

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South Africa's education system has come under scrutiny over the years with some analysts questioning whether its early childhood education programmes meets the educational needs of all children and whether the school system is capable of producing students who can cope with tertiary studies.