Twitter   Facebook   RSS

IBN Group

IBN Licences & Ratings


IBN Network

O'Driscoll's Irish Pub & Restaurant
IBN Offshore Solutions
Further links

News Highlight
19th Jan 2012

Interest Rate remains unchanged!

The South African Reserve Bank left its repo rate unchanged at 5.5% on Thursday as expected, with concerns about a slowing economy off-setting the pressures from inflation, which is likely to stay outside its target band for longer than previously expected.

At its first policy meeting of 2012, the bank raised its inflation forecast, saying it expected inflation to be outside its 3-6% target range throughout 2012, with the recent depreciation of the rand being the main ...[MORE]

>> IBN News-Archive

Exchange Rates

Click a graph to view the detailed version.
Rates are compliment of the ECB and will be updated once a day on weekdays only.

Date & Weather

Date: 04.02.2012
Time: 18:07

Capetown:

Temp.: 29 °C / 84 °F
Wind: S / 13 kn
Sunrise: 05:43
Sunset: 20:15

Johannesburg:

Temp.: 19 °C / 66 °F
Wind: VRB / 3 kn
Sunrise: 05:19
Sunset: 19:22
IBN News (5th Sep 2010): SA Railway system up for a major Revamp

News-Archive


SA Railway system up for a major Revamp - 5th Sep 2010

The Department of Transport yesterday outlined an ambitious plan to revamp the country's passenger rail network over the next 20 years, including the building of three high-speed rail projects, a new link between Tshwane and Moloto and a R95bn investment in new rolling stock.

Once implemented, this will be the biggest railway investment in almost a century.

"SA has a wide rail network shaped by our economic and social history. This network requires massive rehabilitation and modernisation," said transport director-general George Mahlalela.

"Our starting point is that the passenger rail sector requires balancing investment between refurbishing existing stock, acquisition of new stock and the construction of new corridors."

He said rail was the backbone of the country's public transport.
Click here to view the complete News-Archive.