According to FNB, homeowners who accumulated excess cash and paid down their existing mortgage debt during the Covid-19 lockdown, a period when interest rates were slashed to historic lows, are now drawing on those prepayments to keep bread on the table and to install solar. [The continued deterioration of Transnet’s infrastructure and performance threatens the entire South African economy, which is reliant on the utility to facilitate 68% of its GDP.
[While Parliament passed the National Health Insurance Bill in June, drug maker Adcock Ingram said it is “highly likely” that the bill will face multiple and lengthy legal challenges based on it being ‘unconstitutional’ or for the re-evaluation of the powers of the ministers, which could delay its implementation significantly.