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Message : Dagv Knysna making attempts to turn negative image around Business G20 finance chiefs agree communique stressing importance of central bank independenceFILE | A woman walks at the Cape Town International Convention Centre during the G20 Finance Ministers meeting in Cape Town, South AfricaImage Credits : ReutersReuters 18 July 2025, 18:40 [SAST]Finance leaders from the Group of Twenty G20 countries agreed a final communique on Friday that stressed the importance of central bank independence following a two-day meeting in Durban, South Africa.Central banks are strongly committed to ensuring pric [url=https://www.stanley-cups.de]stanley cup[/url] e stability, consistent with their respective mandates and will continue [url=https://www.cups-stanley.ca]stanley cup[/url] to adjust their policies in a data-dependent manner. Central bank independence is crucial to achieving this goal, the communique said.The ministers and central bankers pledged to boost cooperation.The issue of central bank independence hung heavily over the meeting following US President Trum [url=https://www.cup-stanley.es]stanley spain[/url] p repeated berating of US Federal Reserve Chair Jerome Powell for not cutting interest rates, attacks that have roiled global financial markets.The communique was reached in the absence of US Treasury Secretary Scott Bessent from the two-day meeting, though Washington was represented by Michael Kaplan, acting undersecretary of the Treasury for international affairs.Bessent also skipped the previous G20 finance chiefs ; gathering in Cape Town in February, even though Washington is due to assume the G20 rotating presidency in December. Ageo Murder trial of businessman Rameez Patel postponed yet again South Africa Analysts skeptical about RAF proposed equitable benefit modelOverturned and emergency vehicle on the road. [File image] Image Credits : IPSS-Medical-Rescue-1SABC 20 August 2021, 08:17 [SAST]The Department of Social Development DSD says the Road Accident Fund RAF will be transformed from its cur [url=https://www.stanley-cups.ro]stanley cup[/url] rent form [url=https://www.stanleyusa.us]stanley us[/url] to a more equitable model to benefit victims of crashes.The department recently proposed that workers should pay 12 percent of their salaries to social security and retirement funds.However, analysts are skeptical about the benefits of the new proposal.The department Deputy Director-General Brenda Sibeko says currently a large amount of money goes to legal fees, administration and not t [url=https://www.stanleyusa.us]stanley cup usa[/url] o the intended beneficiaries.Sibeko says, If you are poor and you don ;t have a good lawyer you get a small benefit. So what we are saying is that we need to create an equitable system that is there for everybody. That is affordable and does not pay in amounts to people on the basis of how good their lawyers are. We have to make sure that the majority of the money does not go necessarily to lawyers and intermediaries but it actually goes to people who have experienced an accident.Of the revenue collected, approximately R17 billion 40% of this goes to administrative costs, with only R26 billion 60% received by claimants. Currently, the RAFs biggest cost driver is the number of road accidents that occur on public roads daily. https://t.co
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