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Ekurhuleni: R500m for solar water heaters The Ekurhuleni metro approved R500m for solar water heaters in households benefiting from government’s low cost housing programme.Group Five flees residential marketHigh interest rates, falling sales and lower profits are forcing the South African-based construction firm Group Five (GRF) to move away from the softening private residential property market. By Tiisetso Motsoeneng, I-Net BridgeExpectations for another interest rate cut in November On 21 November 2024, the Monetary Policy Committee will deliver their decision regarding the interest rate. With South Africa's inflation easing and global central banks cautiously beginning rate cuts, the overall sentiment is that there is likely to be a further cut of around 0.25%.