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May 21 2012 09:02
The government was warned in 2010 that collection costs for the controversial e-toll system would be much higher than a petrol levy or tax, a report says.
May 21 2012 17:30
Mark Zuckerberg's fortune dwindled by nearly $2bnto $18.7bn within minutes as trading began again in Facebook shares – which promptly plunged by nearly $5.
May 20 2012 12:10
The state’s intervention team in Limpopo has scrapped a R320m textbook tender controversially awarded to a firm controlled by former government officials.
Johannesburg - Banking groups Standard Bank and First National Bank announced on Thursday that they would be reducing prime and home loan rates by 100 basis points from 12% to 11% with effect from Friday.
This follows the announcement by the Reserve Bank that the repo rate will be reduced by 100 basis points to 7.5%.
"The severe contraction in the economy during the first three months of the year will result in further pressure on consumers.
While overall indebtedness is dropping sharply, our customers' financial well-being is now threatened by declining levels of
economic activity," said Michael Jordaan, CEO of FNB.
- I-Net Bridge