Cape Town – Increased buyback rate to hit homeowners’ wallets hard
The Reserve Bank’s 25 basis point repurchase rate hike will require owners to dig deeper to pay off their bonds, Eyewitness News reports. A five-member bank committee cited high inflation, power outages and low economic growth as reasons for the 7.25% increase.
Amazon postpones the launch of the South African market
Initially scheduled to open in February 2023, Amazon has decided to delay its South African market until late 2023. business technology reports. This comes after Amazon CEO Andy Jassy announced that the e-commerce giant was targeting costs that included laying off more than 18,000 employees. The sources also claim that plans for opening up the Nigerian market have been halted.
Bafana star gets major transfer to English Championship Club
English championship leaders have announced that Bafana Bafana striker Lyle Foster will transfer from KVC Westerlo in Belgium to Burnley FC. Times Live reports. The deal, estimated at 7 million euros (131 million rand) with the potential to reach 10 million euros (187 million rand) if Burnley are promoted to the Premier League, would set a new record for transfer fees from a South African player. An official statement from Burnley said Foster would join the English club for “an undisclosed fee”.
