INDUSTRY
CONSUMER
NEWS FLASH
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REPO RATE CLIMBS
In March, Reserve Bank Governor Lesetja
Kganyago announced that due to pressures on
the economy (including a higher than hoped
for inflation rate) and weakening national
currency the Reserve Bank had decided to
push up the rate to 7%. This follows on the
heels of similar hikes over the last few months
in reaction to the world and local economy and
is not expected to be the last increase this year.
LEWIS GET GO AHEAD
Last year, Lewis Stores announced their
intention to purchase Beares and Ellerines (for
something of a bargain from their struggling
parent company). It has taken until this month
for all the red tape by the