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South Africa

SARB raises repo rate to 7%

Thursday, May 28, 2026

The South African Reserve Bank’s Monetary Policy Committee (MPC) has increased the repo rate by 25 basis points to 7%, effective from 29 May 2026.

KZN Treasury secures R2bn advance to support school funding

Thursday, May 28, 2026

The KwaZulu-Natal Provincial Treasury has secured a R2 billion advance from National Treasury to assist the provincial Department of Education in meeting its critical obligation of transferring norms and standards funding to schools across the province.