{"id":837636,"date":"2025-09-16T07:50:27","date_gmt":"2025-09-16T05:50:27","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=837636"},"modified":"2025-09-16T07:50:27","modified_gmt":"2025-09-16T05:50:27","slug":"ramaphosa-sends-a-warning-to-anc-led-municipalities-and-new-threat-coming-for-shoprite-and-pick-n-pay","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/837636\/ramaphosa-sends-a-warning-to-anc-led-municipalities-and-new-threat-coming-for-shoprite-and-pick-n-pay\/","title":{"rendered":"Ramaphosa sends a warning to ANC-led municipalities, and new threat coming for Shoprite and Pick n Pay"},"content":{"rendered":"\n

The rand strengthened<\/a> against a declining dollar, while government bonds gained stability on Monday.<\/p>\n\n\n\n

This movement came after a survey commissioned by the country’s central bank revealed that long-term inflation expectations have dropped to a record low. The rand was trading at 17.3725 against the dollar, up 0.1% from Friday’s close. <\/p>\n\n\n\n

In the survey conducted by the Bureau for Economic Research, analysts, business leaders, and trade unions indicated they expect annual inflation to average 4.2% over the next five years, down from the previously predicted 4.4%. <\/p>\n\n\n\n

This change follows the South African Reserve Bank’s (SARB) announcement of its intention to target lower inflation rates. <\/p>\n\n\n\n

Analysts believe that after recent rate cuts, the SARB will likely maintain interest rates at 7% as it seeks to guide inflation expectations toward a target of 3%.<\/p>\n\n\n\n

On Tuesday, 16 September, the rand was trading at R17.35 to the dollar, R23.61 to the pound and R20.43 to the euro. Oil was trading slightly lower at $67.59 a barrel.<\/p>\n\n\n\n

Here are five other important things happening in and affecting South Africa today:<\/p>\n\n\n\n

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Ramaphosa’s warning:<\/strong>\u00a0President Cyril Ramaphosa warned that the ANC’s political future is at risk without improved service delivery. He highlighted that poor service, especially in ANC-led municipalities, threatens investor confidence and fiscal stability. “It’s either service delivery or death,” he told the party’s 4,600 councillors. [Business Day<\/a><\/strong>]<\/p>\n\n\n\n

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New threat coming for Shoprite and Pick n Pay:\u00a0<\/strong>Walmart’s entry into South Africa poses a threat to Shoprite and Pick n Pay as it targets cost-conscious shoppers. The US retailer aims to attract these customers with its reputation for low prices, anticipating a strong demand for affordable, quality products. [MyBroadband<\/a><\/strong>]<\/p>\n\n\n\n

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Bad news for South Africa’s biggest open medical aid:<\/strong>\u00a0The number of Discovery Health Medical Scheme (DHMS) members continues to decline, showing a 0.1% decrease compared to the same time last year. However, the rate of decline has improved from -1.1% reported in June 2024. [Moneyweb<\/a><\/strong>]<\/p>\n\n\n\n

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South Africa stuck in a debt trap:\u00a0<\/strong>Moody’s warns that South Africa is in a debt trap due to high borrowing costs from fiscal strains and structural weaknesses. Despite its advanced capital markets in sub-Saharan Africa, the country pays more to borrow than many major emerging economies. [Primedia Plus<\/a><\/strong>]<\/p>\n\n\n\n

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Ford recalls more vehicles:\u00a0<\/strong>More than 5,000 Ford Ranger models have been recalled by the National Consumer Commission (NCC) due to pedal defects. [EWN<\/a><\/strong>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are five important things happening in South Africa today, Tuesday, 16 September 2025.<\/p>\n","protected":false},"author":92,"featured_media":807568,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-837636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-important-things-happening-in-south-africa-today","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=837636"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837636\/revisions"}],"predecessor-version":[{"id":837640,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837636\/revisions\/837640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/807568"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=837636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=837636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=837636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}