EMS

Unchanged interest rates are in line with expectations

“The decision by the Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) to again leave interest rates unchanged was widely anticipated and in line with market expectations.”

Prof Raymond Parsons from the North-West University (NWU) Business School says that whereas, in the past few months, the MPC voted 3 to 2 in favour of “no change” ― as opposed to another 25 basis points cut ― the outcome of the MPC’s latest meeting was a unanimous decision.

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“Jaws” and tourism

It was 1975 and the concept of the “blockbuster film” was in its infancy. A young director named Steven Spielberg adapted Peter Benchley’s harrowing novel Jaws into the first bona fide summer spectacular that changed the face of modern cinema forever. What was once revered was now hated and feared.

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