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The South African Reserve Bank Cuts The Repo Rate Once Again

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JOHANNESBURG – The South African Reserve Bank Governor Lesetja Kganyago said the reserve bank will still proceed to keep an eye on growth, inflation and other economic data prior to taking a decision on the direction of the repo rate in the coming future. The reserve bank has further announced a 25 basis point cut on Thursday.

The bank is faced with calls for further cuts, it has now since the pandemic begun reduced the repo rate by 300 basis points this year. According to the Governor the country’s economy was to bargain by 7.3% this year.

However there is satisfactory news ahead.

Getting the economy back to the level prior to the pandemic will take time. The GDP is projected to climb by 3.7% in 2021 and by 2.8% in 2022.

Read alsoThe United States Court Dismisses Fraud Case Against Woodberry

Addition to this, according to the FNB sales head Palesa Mabasa indicated that the low interest rate would assist all business including emerging young businesses.

It is expected that the low costs in borrowing will grant businesss space to breathe as most businesses seek to respond post the pandemic.

The cutting of the repo rate has also been welcome by the real estate industry in South Africa.

In the coming future all the decisions regarding the repo rate will be based on data and inflation must be controlled.

Read alsoCovid-19: President Cyril Says Public Schools To Close For 4 Weeks

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If I Could Survive Domestic Violence And Remain This Happy, You Too Can- Nigerian Woman Writes As She Shares Her Story.

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Nigerian businesswoman, Azubuike Chinyere.

A  Nigerian businesswoman, Azubuike Chinyere, has used her life experience to warn women against the ills of staying in a bad marriage.

 

In a post shared on her Facebook page, Chinyere recounted how her once-happy marriage turned sour and how she suffered domestic violence all through the period she was married. She stated that she walked out of her marriage after her husband beat her to a state of coma. She fled from her matrimonial home with their three children and went to stay with her parents where she began to pick up the pieces of her life.

 

If I could survive domestic violence and remain this happy, you too can- Nigerian woman writes as she shares her story

 

She added that she has forgiven her ex-husband and is so happy as a single mum.

 

Her post reads

 

”She got married in the most painful way anyone can think of.

 

She ended up managing her situation just to have a happy home.

 

Her husband whom she met as a “growing man” and gave him her support. She watched him grow from self-contain to 1bedroom to 3 bedroom flat and finally to their own duplex.

 

She watched him grow from a mere boat rider to a captain of a ship.

 

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She watched him grow from leggedy benz to taxi, to Honda Bullet, to Toyota highlander and to Benz C class. She watched her used to be poor husband turn into a multi-millionaire.

 

Unfortunately things went sour. She started enduring domestic violence, abuse, infidelity and maltreatment from her inlaws.

 

She hid her tribulations from her family cos she didn’t want them worried. She also was scared of the society mocking her for having a failed marriage. She prayed, she fasted, she did vigils, she did the midnight heart to heart talk with her husband just to find out what went wrong but it got worse.

 

She endured domestic violence both from the beatings with the use of belt to insults and body shaming, use of boiling ring, she even gets woken up at 1am to cook for him, she has slept one day and woke up by the bucket of water poured on her and the worst of it all? She gave birth via CS and was beaten for not taking her sister in-laws calls which resulted to her surgery site tearing open and she went into the theatre for another stitching.

 

She has all the scars showing her survival.

 

And the last straw was when she experienced a fatal abuse which landed her in coma. But as a fighter she fought it and survived coma.

 

That was the end of her marriage. She ran to her parent’s house with her 3 beautiful kids. She left when the 1st child was 3yrs and the twins were barely 10months old.

 

Her parents took her kids from her and asked her to go finish school which she did, she went for nysc and started life afresh doing every legit job she could think of just to raise money.

 

She saw hell. She suffered. She entered into dangerous depression and became suicidal. She even started resenting her kids and living a life of regret. She almost became mentally unstable but it took a pastor and her mother to save her.

 

How? They introduced the power of FORGIVENESS. She tried her best to forgive her ex husband and his family. It wasn’t easy but she did it. She decided to focus on her future and her kid’s future.

 

Life started falling into place. She was hustling different businesses and finally became a School Director and a caterer.

 

She is not yet where she wants to be but she is in a happy place. Today she is with her kids, taking care of them and paying her bills ALONE without any support from anyone except her supportive family.

 

The 1st picture was taken after she forgave her ex in 2015.

 

The 2nd picture was taken in 2020, 5yrs later.

 

2019 her ex family called her for reconciliation but she made them understand that she has forgiven them and bears no grudge but reconciliation is never possible.

 

This is the summarized story of Azubuike Chinenye.

 

When I tell you I have seen a lot in this life, pls believe me.

 

I am not here to speak ill of my ex-husband or his family but to make you understand that marriage didn’t favor me. Life has thrown at me the status of single mother which I wear with pride.

 

If I could survive domestic violence and remain this happy, you too can.

 

It’s not easy. I won’t even lie to you, being a single mother doing everything is not easy but the peace of mind and Happiness makes me not to feel anything.

 

Dear You reading this, anytime you feel like giving up, anytime you go depressed, pls visit my page and look at my picture.

 

If I can survive it, you can.

 

I am not a motivational speaker; I am only here sharing my story and my personal experience hoping that someone out there learns from it.

 

I am Azubuike Chinenye a domestic violence survivor and a business mogul”

 

See Also: Mamman Daura Denies Reports That He Dictates To President Buhari.

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Airplane Collision At The Murtala Muhammed Airport, Lagos, Nigeria.

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A wing tip accident was witnessed at the cargo area of the Murtala Muhammed International Airport (MMIA), Lagos on Wednesday July 29.

 

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The accident occurred when a Middle East Airlines plane was coming to park on the apron while a Turkish Airlines aircraft was taxiing out.

 

Passengers on the Turkish Airlines flight were made to disembark and it was further learnt that the Nigerian Civil Aviation Authority (NCAA) have been notified and would issue a statement on the incident.

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Ex Malaysian Prime Minister Bags 12 Years In Jail With 38 Million Dollar Fine Over Multi-Billion Dollar Fraud

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Malaysia’s former prime minister, Najib Razak has been sentenced to 12 years in prison and fined £38 million after a court in Kuala Lumpur found him guilty of corruption in the first of five trials over the multi-billion-dollar 1MDB scandal.

The conviction on Tuesday, July 28, makes Najib the first Malaysian leader to be found guilty of corruption.

The 67-year-old who faced seven charges of criminal breach of trust, money laundering, and abuse of power for diverting an estimated 42 million ringgit ($9.8m) from SRC International, a unit of 1Malaysia Development Berhad, into his personal bank accounts, was convicted on all charges.

I, consequently, find the accused guilty and convict the accused on all seven charges,” Judge Mohd Nazlan Ghazali said, referring to the allegations of abuse of power, several counts of money laundering, and criminal breach of trust filed against Najib.

See Also:Manchester United Initiates 120 Million Euros Purchase Of Borussia Dortmund Star Jordan Sancho Following Champions League Qualification.

Najib has revealed plans to appeal the 12-year jail sentence and he may not be sent to jail immediately. He wrote on Facebook ‘I am ready’ to take the decision to the Court of Appeals.

If his sentence is upheld, he will also be barred from political office for several years.

The sentence arrives only six days after the Law court placed an order for Najib to pay the government as much as 1.69 billion ringgit ($400m) in unpaid taxes and penalties, covering the years from 2011 to 2017.

His wife, Rosmah Mansor also faces charges of money laundering and tax evasion but has pleaded not guilty.

Former Malaysian Prime Minister, Najib Razak is sentenced to 12 years in jail and fined ?38million after being found guilty in a multi-billion-dollar fraud?

Najib Razak served as the 6th Prime Minister of Malaysia from 2009 to 2018

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