The Reserve bank's monetary policy committee is expected to announce its decision on interest rates this afternoon. This comes as data released by Statistics South Africa shows that consumer price inflation moderated from five-point-five percent in November, to five-point-one percent in December 2023. Inflation averaged six-percent in 2023, lower than six-point-nine percent in 2022. Elvis Presslin spoke to Frank Blackmore, Lead Economist at KPMG South Africa

The Reserve bank's monetary policy committee is expected to announce its decision on interest rates this afternoon. This comes as data released by Statistics South Africa shows that consumer price inflation moderated from five-point-five percent in November, to five-point-one percent in December 2023. Inflation averaged six-percent in 2023, lower than six-point-nine percent in 2022. Elvis Presslin spoke to Frank Blackmore, Lead Economist at KPMG South Africa

News and Current Affairs show between 5 & 6 am on SAfm 104 to 107 anchored by Tsepiso Makwetla

First Take SA

A weekly news and current affairs show presented by Elvis Presslin on SAfm 104 to 107 from 5:00 to 6:00 am.

A weekly news and current affairs show presented by Elvis Presslin on SAfm 104 to 107 from 5:00 to 6:00 am.

MPC expected to announce interest rates after CPI came in at 5.1%

The University of Fort Hare's Vice-Chancellor, Professor Sakhela Buhlungu, has been placed on precautionary suspension with full pay, pending the outcome of a disciplinary process. The decision follows a forensic investigation into irregularities in the appointment processes of two executive directors. According to the university, the suspension is a holding measure and does not constitute a disciplinary sanction. NEHAWU Eastern Cape Provincial Secretary, Mlungiseli Ncapayi

The University of Fort Hare's Vice-Chancellor, Professor Sakhela Buhlungu, has been placed on precautionary suspension with full pay, pending the outcome of a disciplinary process. The decision follows a forensic investigation into irregularities in the appointment processes of two executive directors. According to the university, the suspension is a holding measure and does not constitute a disciplinary sanction. NEHAWU Eastern Cape Provincial Secretary, Mlungiseli Ncapayi

University of Fort Hare's V-C, Professor Sakhela Buhlungu, placed on precautionary suspension

The General Industries Workers Union of South Africa, GIWUSA  says the government's temporary R3 fuel levy reduction falls far short of what is needed. President Mametlwe Sebei says while the move shows government recognises the crisis, it does little against a R6 petrol and R10 diesel hike. Sebei says working-class families will still bear the brunt of the increases. The union is repeating its call for a full suspension of all fuel taxes. Mametlwe Sebei, President of General Industries Workers Union of South Africa, GIWUSA

The General Industries Workers Union of South Africa, GIWUSA &nbsp;says the government's temporary R3 fuel levy reduction falls far short of what is needed. President Mametlwe Sebei says while the move shows government recognises the crisis, it does little against a R6 petrol and R10 diesel hike. Sebei says working-class families will still bear the brunt of the increases. The union is repeating its call for a full suspension of all fuel taxes. Mametlwe Sebei, President of General Industries Workers Union of South Africa, GIWUSA

GIWUSA  says the government's temporary R3 fuel levy reduction falls far short of what is needed

The Democratic Alliance, DA says it welcomes the R3 fuel levy decrease announced by the Finance Minister, following the party's call for relief. However, the opposition party says the over R7 diesel and R2 petrol price increases will still hurt budgets. The DA is concerned about how the relief will be funded saying spending must be made more efficient. To elaborate further on their sentiments, here is Dr. Mark Burke, MP and DA Spokesperson on Finance

The Democratic Alliance, DA says it welcomes the R3 fuel levy decrease announced by the Finance Minister, following the party's call for relief. However, the opposition party says the over R7 diesel and R2 petrol price increases will still hurt budgets. The DA is concerned about how the relief will be funded saying spending must be made more efficient. To elaborate further on their sentiments, here is Dr. Mark Burke, MP and DA Spokesperson on Finance

MPC expected to announce interest rates after CPI came in at 5.1%

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