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Cape Town - A roundup of Thursday's top economic and finance reads on Fin24.
SARB keeps repo rate unchanged, downgrades growth projection
The SA Reserve Bank's monetary policy committee has left the repo rate unchanged at 6.5% in a unanimous decision. The announcement, made by the central bank's governor Lesetja Kganyago at a media briefing in Pretoria on Thursday afternoon, was in line with expectations of most economists. With the repo rate unchanged, the prime lending rate will remain at 10%.
Think eating healthier is expensive? Here are 5 ways to keep costs down
If you believe that eating healthily is expensive, you are not alone. But contrary to popular belief, eating healthfully does not need to come with a heavy price tag, says Renny Letswalo, Health Coach and Managing Director of Cambridge Weight Plan Southern Africa.You may temporarily save money, but you may have to pay in other ways, such as through serious illnesses like obesity and diabetes to name a few, Letswalo argues.
Christo Wiese implicated in tax avoidance scheme, amaBhungane reports
Former Steinhoff chair Christo Wiese has been implicated in an alleged tax avoidance scheme, amaBhungane reported on Thursday.
The investigative journalism unit reported that Wiese and three other people were being investigated by the SA Revenue Service as part of a larger tax claim case stemming from the restructuring of an oil company called Tullow.
According to amaBhungane, Wiese was advised by law firm ENSafrica.
WATCH: Google domination at core of massive new antitrust fine
The European Union is poised to strike Google with a record-breaking $2.8bn antitrust fine over its Android mobile operating system.
PIC boss Dan Matjila scorns 'frivolous' UDM bid to have him suspended
Public Investment Corporation boss Dan Matjila has dismissed as "frivolous" and baseless a court application by the United Democratic Movement to have him suspended.
In an affidavit filed in the North Gauteng High Court earlier this month, Matjila says the allegations levelled against him by the party led by Bantu Holomisa have already been dealt with, and the PIC board found him not guilty of any misconduct.
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