5 important things happening in South Africa today<\/h2>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/05\/cartrack-1024x576.jpg\")
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\n\n\n\nCartrack fine<\/strong>: The National Consumer Commission (NCC) and Cartrack have reached a settlement agreement, with the latter paying an administrative fine of R5 million and refunding over R5.1 million to affected consumers. This was due to the sale agreements not being consistent with the Consumer Protection Act. Cartrack is owned by Karooooo, which South African billionaire Zak Calisto founded. [MyBroadband<\/a>]<\/p>\n\n\n\n
\n\n\n\nDon’t provoke the US<\/strong>: Kganki Matabane, CEO of the Black Business Council, has warned South Africa not to play tit-for-tat with the US, arguing that it would be better to wait until Trump’s term runs its course by 2029. He added that the next administration will likely be less hostile. [BusinessDay<\/a>]<\/p>\n\n\n\n
\n\n\n\nInterest rate hikes on the cards<\/strong>: The South African Reserve Bank (SARB) is expected to raise interest rates at its May and July Monetary Policy Committee (MPC) meetings. This is the view of Morgan Stanley economist Andrea Masia, who pencilled in two 25-basis-point hikes this year, followed by a pause and a resumption of easing in 2027. [Bloomberg<\/a>]<\/p>\n\n\n\n
\n\n\n\nChinese cars<\/strong> wanted<\/strong>: Deputy President Paul Mashatile has sought to get Chinese firms to increase investment in South Africa’s renewable energy and automotive sectors. This includes electric vehicle (EV) production and battery manufacturing, which he said would help build the country as the “next generation” of vehicle production and boost localisation. [News24<\/a>]<\/p>\n\n\n\n
\n\n\n\nR3 million police bill under investigation<\/strong>: Payments totalling R3 million are under investigation due to question marks over their intended use. The payments were allegedly made after a note was sent stating they were for protecting President Cyril Ramaphosa, but those officers may not have been involved in his security. [Daily Maverick<\/a>] <\/p>\n\n\n\n
\n","protected":false},"excerpt":{"rendered":"Here are five important things happening in South Africa on Saturday, 28 March 2026.<\/p>\n","protected":false},"author":95,"featured_media":782001,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[16632],"class_list":["post-855203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-things"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855203","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\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=855203"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855203\/revisions"}],"predecessor-version":[{"id":855754,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855203\/revisions\/855754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/782001"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=855203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=855203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=855203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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Cartrack fine<\/strong>: The National Consumer Commission (NCC) and Cartrack have reached a settlement agreement, with the latter paying an administrative fine of R5 million and refunding over R5.1 million to affected consumers. This was due to the sale agreements not being consistent with the Consumer Protection Act. Cartrack is owned by Karooooo, which South African billionaire Zak Calisto founded. [MyBroadband<\/a>]<\/p>\n\n\n\n Don’t provoke the US<\/strong>: Kganki Matabane, CEO of the Black Business Council, has warned South Africa not to play tit-for-tat with the US, arguing that it would be better to wait until Trump’s term runs its course by 2029. He added that the next administration will likely be less hostile. [BusinessDay<\/a>]<\/p>\n\n\n\n Interest rate hikes on the cards<\/strong>: The South African Reserve Bank (SARB) is expected to raise interest rates at its May and July Monetary Policy Committee (MPC) meetings. This is the view of Morgan Stanley economist Andrea Masia, who pencilled in two 25-basis-point hikes this year, followed by a pause and a resumption of easing in 2027. [Bloomberg<\/a>]<\/p>\n\n\n\n Chinese cars<\/strong> wanted<\/strong>: Deputy President Paul Mashatile has sought to get Chinese firms to increase investment in South Africa’s renewable energy and automotive sectors. This includes electric vehicle (EV) production and battery manufacturing, which he said would help build the country as the “next generation” of vehicle production and boost localisation. [News24<\/a>]<\/p>\n\n\n\n R3 million police bill under investigation<\/strong>: Payments totalling R3 million are under investigation due to question marks over their intended use. The payments were allegedly made after a note was sent stating they were for protecting President Cyril Ramaphosa, but those officers may not have been involved in his security. [Daily Maverick<\/a>] <\/p>\n\n\n\n Here are five important things happening in South Africa on Saturday, 28 March 2026.<\/p>\n","protected":false},"author":95,"featured_media":782001,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[16632],"class_list":["post-855203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-things"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855203","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\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=855203"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855203\/revisions"}],"predecessor-version":[{"id":855754,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/855203\/revisions\/855754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/782001"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=855203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=855203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=855203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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