{"id":867465,"date":"2026-07-26T07:58:42","date_gmt":"2026-07-26T05:58:42","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=867465"},"modified":"2026-07-26T07:58:42","modified_gmt":"2026-07-26T05:58:42","slug":"retailer-coming-after-checkers-and-pick-n-pay-and-big-changes-for-pork-prices-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/867465\/retailer-coming-after-checkers-and-pick-n-pay-and-big-changes-for-pork-prices-in-south-africa\/","title":{"rendered":"Retailer coming after Checkers and Pick n Pay, and big changes for Pork prices in South Africa"},"content":{"rendered":"\n

The rand fell on Thursday after the central bank unexpectedly decided to keep its benchmark lending rate unchanged, surprising financial markets that had anticipated an increase. <\/p>\n\n\n\n

The rand was trading at 16.7125 against the dollar, approximately 1.9% weaker than its previous close and close to its lowest point against the US currency in two months.<\/p>\n\n\n\n

Investors and economists had expected the South African Reserve Bank (SARB) to tighten monetary policy due to inflation exceeding its 3% target, which reached 5% year-on-year in June.<\/p>\n\n\n\n

However, SARB Governor Lesetja Kganyago conveyed a less aggressive stance than anticipated at a press conference, stating that the current policy is restrictive enough.<\/p>\n\n\n\n

The bank also revised its inflation forecast for this year down to 4.0% from a previous estimate of 4.4%.<\/p>\n\n\n\n

Following the rate decision, the Johannesburg Stock Exchange managed to reduce its losses.<\/p>\n\n\n\n

The All-Share Index was last down 0.8%, having been down about 1.8% before the announcement was made.<\/p>\n\n\n\n

On Sunday, 26 July 2026, the rand is trading at R16.83 to the dollar, R22.43 to the pound, and R19.14 to the euro. Gold is trading at $4,052.88 an ounce, while oil prices are at $96.78 a barrel.<\/p>\n\n\n\n

5 important things happening today<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Retailer coming after Checkers and Pick n Pay:<\/strong>\u00a0Walmart launched its first stores in South Africa last year and offers lower prices on everyday products compared to Checkers and Pick n Pay. [Newsday<\/a>]<\/p>\n\n\n\n

\n\n\n\n

Big change for pork prices:<\/strong>\u00a0The price of pork in South Africa has significantly decreased from approximately R40 per kilogram a few months ago to its current price of just R30 per kilogram, primarily due to a substantial oversupply of pork meat products. [DailyInvestor<\/a>]<\/p>\n\n\n\n

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The growing threat to Eskom:<\/strong>\u00a0The latest estimates from the National Transmission Company of South Africa (NTCSA) indicate that the peak generating capacity of private solar power has increased by over one-third compared to last year. [MyBroadband<\/a>]<\/p>\n\n\n\n

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SARB governor’s warning to South Africa:<\/strong>\u00a0Lesetja Kganyago, governor of the South African Reserve Bank, has highlighted the urgent need for reforms to aid economic recovery, asserting that it must start domestically to address inflationary pressures. [BusinessDay<\/a>]<\/p>\n\n\n\n

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New Bafana Bafana coach announced next week:<\/strong>\u00a0The South African Football Association (Safa) will announce the new Bafana Bafana coach next week. The technical committee, headed by Jack Maluleka, will evaluate nine candidates to select a successor for Hugo Broos. [TimesLive<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are 5 important things happening in and affecting South Africa on Sunday, 26 July 2026.<\/p>\n","protected":false},"author":127,"featured_media":843987,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2081257968176095671","_sma_x_attempts":1,"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-867465","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\/867465","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\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=867465"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/867465\/revisions"}],"predecessor-version":[{"id":867473,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/867465\/revisions\/867473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/843987"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=867465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=867465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=867465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}