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Friday, August 14, 2020

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Tag: fall

Repo rate falls to, 3.5% — its lowest since 1998

The South African Reserve Bank (Sarb) has cut the repo rate by another 25 basis points, to 3.5% a year, from 3.75%. The repo rate determines the interest rate at which the central bank lends money...

Electric car sales fall for first time

Global electric-car sales fell for the first time in modern history in July after China scaled back purchase subsidies, highlighting the role government assistance is having on the burgeoning market. Monthly sales...

Petrol price to fall by 96c/l on Wednesday

The price of 93 octane petrol will go down by 96c/l on Wednesday, the central energy fund said late on Friday. The rand depreciated against the dollar during the period under review, but...

Snow to fall in the Cape tomorrow

The Western Cape will experience a drop in temperature across the province, which may result in snowfall due to a cold front which is currently moving in from the west. Snow Report...

South Africa’s Woolworths sees up to 17.5% fall in profit

Half-year profit at South African retailer Woolworths Holdings could fall by as much as 17.5 percent, it said on Monday, sending its shares down more than 9 percent. A combination of a...

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New Engen 1app pushes all the right buttons

Engen has announced the arrival of their new Engen 1app, which conveniently offers motorists a safe and contactless way to pay. As South Africa eases the Covid-19...

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