Freddy Mavunda

1 week ago | sowetanlive.co.za | Khulekani Magubane |Sibongile Mashaba |Freddy Mavunda

Reserve Bank governor Lesetja Kganyago. File image The Reserve Bank's decision to cut the repo rate by 25 basis points, bringing it to 7.25% has been welcomed as a positive move which will bring much relief to consumers. Governor Lesetja Kganyago on Thursday announced the second repo rate cut of the year, saying higher trade barriers and global uncertainty dampen the global growth outlook.

1 week ago | sowetanlive.co.za | Jeanette Chabalala |Freddy Mavunda

Deputy national commissioner and head of Operation Vala Umgodi Lt-Gen Tebello Mosikili says they have requested an additional six months to continue with the project, which was due to come to an end this week. Launched in December 2023, the operation was set to finish in 18 months due to funding. Mosikili shares some of the highs and lows during the operation. Sowetan: What are some of the highlights of the operation?

1 week ago | sowetanlive.co.za | Jeanette Chabalala |Freddy Mavunda

.Auditor General SA Tsakani Maluleke. "Municipal finances are severely troubled and even though funds are constrained, mayors, councils and municipalities are displaying little fiscal discipline."This is an observation made by Auditor-General (AG) Tsakani Maluleke on Wednesday as she released the 2023/24 consolidated general report on local government audit outcomes in parliament. She cited widespread failures in financial management by municipal managers, mayors, and councils.

1 week ago | sowetanlive.co.za | Jeanette Chabalala |Freddy Mavunda

Auditor-general Tsakani Maluleke Auditor-General Tsakani Maluleke has raised concerns over the trend of poor audit outcomes in municipalities, saying only 41 out of 257 councils received a clean audit. Maluleke released the 2023/24 consolidated general report on local government audit outcomes in Parliament on Wednesday.

2 weeks ago | theherald.co.za | Ernest Mabuza |Freddy Mavunda

The board of the National Lotteries Commission (NLC) has resolved to appeal the judgment which ordered trade, industry and competition minister Parks Tau to determine the successful applicant for the fourthnational lottery licence by no later than May 28. The judgment, passed by the Pretoria High Court on Wednesday, also ordered the minister to negotiate a licence agreement with the successful fourth licensee by no later than May 28.