AGP Executive Report
Last update: 10 hours agoSARB Rate Shock: South Africa’s Reserve Bank lifted the repo rate by 25 basis points to 7%, ending a run of cuts as Middle East tensions, El Niño risks and fuel-linked inflation threaten “second-round” price pressures—raising the prime lending rate and tightening budgets, with property affordability likely to feel the hit. Cape Town Credit Boost: Moody’s upgraded the City of Cape Town’s outlook to positive, citing strong revenue collection, low debt and better handling of national electricity shortages—good news for future borrowing and the City’s R40bn infrastructure push. Weight-loss Drug Crackdown: SAHPRA and the Pharmacy Council raided a Pretoria compounding pharmacy, seizing unregistered GLP-1 injectables and warning of a crackdown on South Africa’s largely unregulated compounded Ozempic/Mounjaro market. Cape Town Business & Infrastructure: Cape Town’s liquid bulk terminal plans move forward with TNPA signing a 25-year LNG-related terminal operator deal, while the City also continues to upgrade services and planning amid national power constraints. Xenophobia Fallout (Ghana): Ghana’s repatriation of about 300 citizens from South Africa continues to spark political debate, with leaders trading blame over how the evacuation was handled. Winter in the Mother City: Cape Town’s winter dining scene rolls out new menus as locals and visitors chase cosy, seasonal deals.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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