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in your news headlines the ANC says it will apply its mind regarding the reserve banks latest interest rate hike Reserve Bank Governor Lisa yesterday announced the decision to increase the repurchase rate by 25 basis points and this has brought more worries to hard-pressed Consumers also compounded by Rolling blackouts which have forced some businesses to close down on the other hand The Reserve Bank expects load shedding to have a catastrophic impact on the local economy going forward the Johannesburg Municipal Council will today elect a new mayor it is not true at this stage who is likely to wear the mayoral chain yesterday Dr Paul palati was ousted as executive mayor of the city of Johannesburg she was voted out in a motion of no confidence 140 councilors voted for the motion while 129 councilors voted against it the motion was tabled by three parties the African transformation movement African independent Congress and al-jamar our party National Assembly speaker no CV where my pi