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PRX - PROSUS N.V - Annual results announcement for the year ended 31 March 2022 - 27/06/2022

PROSUS:   87,953    0 (0.00%)  27/06/2022 04:38PROSUS N.V - Annual results announcement for the year ended 31 March 2022Release Date: 27/06/2022 07:15Code(s): PRX      PDF:  Wrap TextAnnual results announcement for the year ended 31 March 2022 Prosus N.V. Incorporated in the Netherlands (Registration number: 34099856) (Prosus or the group) Euronext Amsterdam and JSE share code: PRX ISIN: NL 0013654783 Annual results announcement for the year ended 31 March 2022 Salient features Year ended 31 March 2022 2021 US$'m US$'m Revenue 6 866 5 116 Operating loss (859) (1 040) Earnings per ordinary share (US cents) 1 243 459 Headline earnings per ordinary share (US cents) 204 360 Core headline earnings per ordinary share (US cents) 247 299 Commentary In a year marked with continued global turmoil and uncertainty, which has made for a turbulent operating environment, the financial year 2022 was a year of progress for Prosus. We remained focused on executing our long-term strategy and delivering strong operational growth across our core segments. At the same time, we made strategic investments and laid the foundation for future growth across the portfolio. Ecommerce segment revenue grew 58% (51%) to US$9.8bn and was the key contributor to group revenue growth of 24% (24%) to US$35.6bn (measured on an economic-interest basis). This is strong growth on a scaled base following similar growth and momentum in the prior year. Percentages in brackets represent growth in local currency, excluding mergers and acquisitions (M&A). Group trading profit reduced 10% (6%) to US$5

IKIGAI

IKIGAIWed, 17 Aug 2022 - Sun, 28 Aug 2022R175 - R475VenueEVENT DETAILSCape Town City Ballet subscribes to the ethos and life values of IKIGAI, a Japanese philosophy of life purpose, life happiness & life peace. Suitably depicted in those three ideas are the ballets FALLING ANGELS, LES PATINEURS & POLARITY.One of Jiri Kylian's masterworks for eight women Falling Angels is mesmerising, bristling with the power of the female persona .... scintillating in its complexity & richness of movement.Frederick Ashton's LES PATINEURS (The Skaters) ... a party of ice skaters on a frozen pond joyfully depict Ashton's virtuosic choreography of charming divertissements in a beautiful trellised setting. Delightful in its humour, lyrical adagio of the lead couple, as the "spills & thrills" of the Blue Boy & friends show masterfully and multitudinous pirouettes and leaps... as the snow starts to fall the skaters glide away.Award-winning, Kenneth Tindall's POLARITY is inspired by the suggestion that opposites are interconnected and everything is duel .... A Yin & a Yang... complimentary principles of elements that present as opposite, but are possibly two inseparable parts of the same thing.... Harmony & balance emerges .... The outcome can only be peace.Please Note: No late comers will be allowed entrance into the Opera House.All Ages

Well run by Nigeria's Eroton spills oil and gas for over a week - Breaking news, special reports, world, business, sport cov

Reuters | @SABCNews A worker checks pipes at a gas compressor station on the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006. Image: Reuters A worker checks pipes at a gas compressor station on the Yamal-Europe pipeline near Nesvizh, some 130 km (81 miles) southwest of Minsk December 29, 2006. A well at a site operated by local Nigerian firm Eroton Exploration and Production Limited has been spilling oil and gas into the Niger Delta for more than a week, the company and an agency responsible for detecting oil spills said. Eroton produces and exports crude from its Oil Mining Lease 18 block through the Nembe Creek Trunkline. Last year, a nearby well run by Aiteo Eastern E&P spilled oil for more than a month, polluting the Delta creeks before it was successfully shut. Idris Musa, head of the National Oil Spills Detection and Response Agency said on Sunday Eroton had reported the spill to authorities, blaming it on a leak from a wellhead. Eroton said in an undated statement seen by Reuters on Sunday that the incident started on June 15 and preliminary findings showed vandalism was the cause. The wellhead platform had been removed, making it difficult to gain access to the well, it added. "Our team of well engineers are working with contractors and evaluating the safest procedure that will be required to bring the well under control, the company said. It was not immediately clear how much oil is produced from the well, which is part of assets that Eroton bought in 2015 from oil major Shell, which is selling its onshore assets to concentrate on deepwater drilling. Oil spills, sometimes due to vandalism or corrosion, are common in the Niger Delta, a vast maze of creeks and mangrove swamps criss-crossed by pipelines and blighted by poverty, pollution, oil-fuelled corruption and violence. Share article

Ryanair says less than 2% of flights affected by strike - Breaking news, special reports, world, business, sport coverage of

Ryanair says less than 2% of flights affected by strike 27 June 2022, 2:07 AM | Reuters | @SABCNews A Ryanair plane prepares to take off from Lisbon Humberto Delgado Airport on the first of three days cabin crew strike in Lisbon, Portugal, June 24, 2022. Image: Reuters A Ryanair plane prepares to take off from Lisbon Humberto Delgado Airport on the first of three days cabin crew strike in Lisbon, Portugal, June 24, 2022. Less than 2% of Ryanair (RYA.I) flights scheduled between Friday and Sunday were affected by cabin crew strikes, the Irish low-cost carrier said. Ryanair (RYA.I) cabin crew unions in Belgium, Spain, Portugal, France and Italy had announced plans for action over the weekend with crews in Spain set to strike again on June 30 and July 1-2. "Less than 2% of Ryanair’s 9,000 flights operating this weekend (24/25/26 June) have been affected by minor and poorly supported crew strikes, Ryanair said in a statement. Unions have said the Irish airline does not respect local labour laws covering issues such as the minimum wage and have urged management to improve working conditions. Ryanair, which told Reuters last week it had negotiated labour agreements covering 90% of its staff across Europe, says it offers staff competitive and fair conditions. It has said it does not expect widespread disruption this summer. Share article

G7 aims to raise $600 billion to counter China's Belt and Road - Breaking news, special reports, world, business, sport cove

Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project. U.S. President Joe Biden and other G7 leaders relaunched the newly renamed "Partnership for Global Infrastructure and Investment, at their annual gathering being held this year at Schloss Elmau in southern Germany. Biden said the United States would mobilize $200 billion in grants, federal funds and private investment over five years to support projects in low- and middle-income countries that help tackle climate change as well as improve global health, gender equity and digital infrastructure. "I want to be clear. This isn’t aid or charity. It’s an investment that will deliver returns for everyone, Biden said, adding that it would allow countries to "see the concrete benefits of partnering with democracies. Biden said hundreds of billions of additional dollars could come from multilateral development banks, development finance institutions, sovereign wealth funds and others. Europe will mobilize 300 billion euros for the initiative over the same period to build up a sustainable alternative to China’s Belt and Road Initiative scheme, which Chinese President Xi Jinping launched in 2013, European Commission President Ursula von der Leyen told the gathering. The leaders of Italy, Canada and Japan also spoke about their plans, some of which have already been announced separately. French President Emmanuel Macron and British Prime Minister Boris Johnson were not present, but their countries are also participating. China’s investment scheme involves development and programs in over 100 countries aimed at creating a modern version of the ancient Silk Road trade route from Asia to Europe. White House officials said the plan has provided little tangible benefit for many developing countries. Biden highlighted several flagship project

Somalia parliament unanimously endorses Hamza Barre as Prime Minister

Mawazo Writing AfricaSomalia parliament unanimously endorses Hamza Barre as Prime MinisterMawazo Writing Jun 27, 2022 2 min readThe Somali parliament unanimously confirmed Hamza Abdi Barre as the next prime minister on Saturday, signaling the start of a new government under President Hassan Sheikh Mohamud.The lower house with 275 MPs in their chambers, the Villa Hargeisa , elected and supported Mr. Barre, an MP representing Kismayu in Jubbaland State.Mr. Barre replaces Hussein Roble to become the 21st Prime Minister of Somalia. He will have the power to appoint the Council of Ministers, senior government officials and even ambassadors, all accountable to Parliament.President Mohamoud nominated his longtime friend on June 15 and introduced him at his official residence, Villa Somalia and called on lawmakers to support him.Out of 275 MPs, 220 MPs were present in the Chamber and all voted for Mr Barre without objection or abstention.< Spokesman Sheikh Aden Mohamed Nur ' Madobe' announced the unanimous decision. "I hereby announce that all 220 MPs present in the chamber voted for Prime Minister Hamza Abdi Barre," he said.Mr Barre, 48, told MPs he would form an inclusive cabinet. “I will form a broad-based government that will include both male and female members,” he said to applause from lawmakers.The former educator and administrator said his policies include priority government issues such as Security, the judicial system, the ongoing drought, reconciliation and talks with Somaliland (a region of northwestern Somalia that has unilaterally declared independence from the rest of Somalia).Read:Somaliland is part of Somalia, USA says“Other priority issues include democratization, elections, economy, good governance and accountability,” he added.Many see his longstanding friendship with President Mohamud as a factor that could create harmony in their working relationships.Continue Reading

Malema calls for free, 'decolonised' education in the country - Breaking news, special reports, world, business, sport cover

Image: Twitter@EFFSouthAfrica EFF Leader Julius Malema Economic Freedom Fighters (EFF) leader, Julius Malema, has called for free and decolonised education in the country. In 2015, universities across the country saw mass demonstrations over access to education in public institutions. Malema lamented the lack of access to education at the party&rsquo;s rally on Sunday, in Kliptown, Soweto, in Johannanesburg, commemorating the adoption of the Freedom Charter in 1955. The document was adopted at the Congress of the People in 1955 and has become a blueprint of the political, economic, and social structure that the people of South Africa demanded. It would later pave the way for the country&rsquo;s democratic dispensation after the apartheid era. Malema says the state of education in the country goes against what the Freedom Charter prescribed. "We said in the freedom charter that the doors of learning and culture should be open but the doors remain closed. We must fight for equal, decolonised, free education for all. Whether you are rich or poor, We also need a decolonised education taught to the children of rich people so that they can be patriotic. When they come into our university, we teach them our culture, we teach them our proper history, we teach them the freedom charter, says Malema. EFF commemorates 67th anniversary of The Freedom Charter: EFF rejects Zondo Commission findings: During his address in Kliptown, Soweto Malema rejected the findings of the State Capture report. Malema says the report has zoomed in on the activities of black leaders while neglecting the corrupt dealings of white people. Chief Justice and State Capture Commission Chairperson, Raymond Zondo officially handed over Parts Five and Six of the report to President Cyril Ramaphosa last week, Wednesday. Malema says the Zondo report is not worth the paper it is written on. He says the state capture that they supported is not what Zondo has produced. He has reiterated that they were not investigating who capt

Clicks helps local kids’ shoe brand find its feet

Parenting HubCategory Advice Column, Baby, Pregnancy & Baby, ToddlerIt’s hard to believe that Tsepiso Monamodi, local entrepreneur and founder of Oratile Kids â€" the colourful, one-hundred-per-cent South African children’s shoe brand now stocked at Clicks â€" started her business with just one sewing machine. Perhaps more surprising: she didn’t even know how to sew!“The lady who sold me the machine said, ‘I can’t sell you this machine if you can’t sew.’ So I would go to her shop every Friday afternoon for lessons,” Tsepiso recounts.Oratile Kids was born from Tsepiso’s quest to find shoes for her toddler. Her aunt had told her about soft shoes for toddlers that were available when Tsepiso was a child, insisting that Tsepiso buy them for her own little one. Tsepiso searched high and low but could only find one very overpriced supplier.The more she researched, the more she fell in love with the concept of comfortable, durable shoes that actually aided baby’s development.“I thought, maybe I could offer them, but they could have more of an African feel. I wanted them to be unique. I taught myself how to make the shoes â€" it took me about six months.” The word oratile means love, and was chosen because the shoes are made with love. Tsepiso sold her products at markets for about three years, and describes this as her “biggest learning experience” because engaging with customers in this setting allowed her to hone her craft. When the pandemic hit and markets were forced to close, Tsepiso started using social media to sell her products. This was when her business started to flourish and she caught Clicks’ eye. She recalls that when she received a direct message on social media from the Clicks team, she thought it was a hoax. “I thought, ‘No man, these people are lying!’” she says with a laugh. But the interest was real, and Oratile Kids became a Cl

Panyaza Lesufi elected as the new Provincial Chairperson of Gauteng - Breaking news, special reports, world, business, sport

Panyaza Lesufi elected as the new Provincial Chairperson of Gauteng 27 June 2022, 4:48 AM | Abongile Dumako | @SABCNews The Newly elected Gauteng ANC officials seen holding hands at the ANC Provincial sitting in in Benoni, east of Johannesburg. Image: Samkele Maseko The Newly elected Gauteng ANC officials seen holding hands at the ANC Provincial sitting in in Benoni, east of Johannesburg. The 14th Gauteng Provincial Conference has elected Panyaza Lesufi as the new provincial chairperson in the early hours of Monday morning. He bit his competitor, Leboganga Maile, with 575 votes against 543, during the conference taking place in Benoni, east of Johannesburg. Nomantu Nkomo-Ralehoko is the Deputy Chairperson, with TK Nciza, the provincial secretary, his deputy is Tasneem Motara. Morakane Mosupye is the newly elected Provincial Treasurer. This conference has seen three women taking the top five leadership in Gauteng. However the conference is still continuing with other business, including breaking to commissions, even though it was meant to close on Sunday. The conference is currently electing PEC members, including additional members, who will be voted on Sunday morning. More than 1000 delegates attending the Gauteng conference have now spoken, giving the newly elected leadership a task, which is to regain lost trust and support in the ANC. The conference was marred by delays, due to the issue of Ekurhuleni Region, which had some votes quarantined during its last month conference. But now, the results here show that, the two slates that were competing in the conference are both represented in the newly elected leadership. Meanwhile, the ANC Treasurer-General, Paul Mashatile has praised the the 14th Gauteng Provincial Conference sitting for peacefully electing a new provincial leaders, earlier this morning. Mashatile says, even though the conference was delayed to the issues of credentials, but the elective part of it showed signs of maturity among the voting delegates. He says is he happy wi

Stage 4 load shedding to continue till Wednesday: Eskom - Breaking news, special reports, world, business, sport coverage of

Stage 4 load shedding to continue till Wednesday: Eskom 27 June 2022, 4:39 AM | A candle is used during load shedding in South Africa. Image: Reuters A candle is used during load shedding in South Africa. More power cuts are expected this week. Eskom says Stage 4 load shedding will continue from 5am on Monday morning until midnight on Wednesday. The power utility says this is due to what it termed an unlawful and unprotected labour action at a number of its power stations, causing delays in the ability to carry out maintenance and repairs. Eskom spokesperson Sikhonathi Mantshantsha, "to conserve generation capacity and to safeguard the plant from damage, there is a possibility that the stage of load shedding may have to change at short notice, depending on the state of the plant and the availability of labour. Currently, approximately 4000MW of generation capacity is at risk due to the illegal strike action. It is therefore necessary to replenish emergency generation reserves to be able to react to unforeseen circumstances. Protracted strike actions may lead to further damage and prolonged delays in returning units to service. Analysis of Eskom’s electricity crisis: Adil Nchabeleng Share article

Asian markets extend rally as rate hike fears subside

Asian markets extend rally as rate hike fears subside Monday, June 27, 2022 at 4:57 AM Hong Kong's stock exchange led gainers Monday morning. Photo: DALE DE LA REY / AFP Source: AFP PAY ATTENTION: Follow Briefly News on Twitter and never miss the hottest topics! Find us at @brieflyza ! Asian markets rallied again Monday, building on last week's advances and following a strong performance on Wall Street as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes. With prices surging at a pace not seen in a generation, finance chiefs have been forced to lift borrowing costs and wind back their ultra-loose monetary policies in recent months, sending a chill across trading floors. But a string of weak data has led many investors to believe that inflation may have plateaued or is about to, giving room for banks to be less hawkish. The prospect that rates will not go as high as initially expected helped send Wall Street stocks higher Friday, with the S&amp;P 500 and Nasdaq ending up more than three percent. And Asia continued last week's rally. Hong Kong led gainers, climbing more than two percent thanks to a strong performance in Chinese tech firms. Indications that China's crackdown on the sector could be coming to an end added to the upbeat mood in the city. PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! Tokyo, Shanghai, Seoul, Singapore, Sydney, Manila and Wellington were also well up. "Market conviction that perhaps the Fed won't now hike rates as aggressively as previously feared and/or that rate cuts before the end of 2023 are now an even more realistic prospect if recession-like conditions lay ahead, have had a big hand in last week&rsquo;s improvement in risk sentiment," said National Australia Bank's Ray Attrill. He added that the rally had helped pare about two-thirds of the losses suffered in a painful sell-off from June 9-16. While Fed chiefs continue to flag further big inter

REVIEW - Volkswagen Caddy Kombi 2.0TDI - good for business, but it's not a family car

Priced at R476 800, the new Volkswagen Caddy is a compelling alternative to a crossover or SUV if you need space for seven people. We spent a week living with the 2.0TDI Kombi version, which only comes with a six-speed manual gearbox and front-wheel drive. The allure of the Caddy comes in the form of dual sliding doors that make getting into and out of the car's rear a cinch. Even in the tightest parking bays, you don't have to worry about wide-opening rear doors while shuffling the kids in and out. It also has a reasonably sized boot with all seats upright at 191 litres so that you can stuff small bags in there for weekend getaways. While our time with the Caddy was well spent and pleasurable, the vehicle could not hide its light commercial vehicle underpinnings regarding day-to-day ride quality, noise, vibration, harshness, and much more. It's based on a van, what do you expect? The Caddy is a van underneath, and this is highlighted the moment you fire up its engine and hear that diesel engine clatter to life. There's minimal engine noise damping, so you will be forgiven for thinking you're sitting in an Amarok. Push the clutch to the floor, and you'll feel its weight. And then, when you're pulling away, you have to nurse the clutch out gently to avoid stalling the engine. It takes a bit of getting used to, as you expect a car-like bite from the clutch as they're marketing it as a family vehicle for moms and pops. Fortunately, the gearbox is beautiful with a light throw and accurate gate, so you don't miss shifts. READ: Petrol or diesel? C200 AMG Line has the looks but C220d Avantgarde gets the miles The vehicle is also boomy inside, as the road noise grows louder and louder on poor surfaces. On some of the bad roads around Johannesburg, with potholes and uneven, broken tarmac, the car gave me a slight headache due to the roar from the road echoing in the bus and the sound of the tyres scrabbling for grip. You also get wind noise across the side and over the roof of the Caddy, and due to

Months after almost quitting golf, Li wins first title since 2018 - Breaking news, special reports, world, business, sport c

Months after almost quitting golf, Li wins first title since 2018 27 June 2022, 7:25 AM | Reuters | @SABCNews The 26-year-old's victory in Munich earned him his third European Tour title and first since he edged out Rory McIlroy Image: Reuters The 26-year-old's victory in Munich earned him his third European Tour title and first since he edged out Rory McIlroy Ten months after almost quitting golf, Li Haotong sank a massive birdie putt to complete a play-off victory at the BMW International Open on Sunday and clinch his first win in over four years. The 26-year-old’s victory in Munich earned him his third European Tour title and first since he edged out Rory McIlroy by a stroke at the Dubai Desert Classic in January 2018. "No one knows how much I have gone through over the last couple of years, Li said. "Ten months ago I nearly decided to not play golf. I thought I couldn’t play golf again. "If someone told me 10 months ago I would win again, I wouldn’t believe that. Through a lot of tough times, I realised how good that feeling is to play good again. Li extended his overnight three-shot lead over Belgium’s Thomas Pieters to five with three birdies in the first five holes on Sunday, but a run of four bogeys over the next 10 holes allowed Pieters to draw level. Li almost found the water on the first play-off hole but sank a monster birdie putt before Pieters rolled his effort just wide. "Thomas played great all day. My putter wasn’t as hot as yesterday. Golf, this is golf, Li said. "Sometimes things go your way, sometimes not. I’m just so happy to finish on 18 like that. "Somehow I thought that I would make that putt. I don’t know how I made that stroke, how the ball went in the hole, because at the end of the day the greens were very bumpy. You just never know. Share article

Sekusuke Omkhulu Umsindo Ngolwemvume Yokuhlaba

Sekusuke Omkhulu Umsindo Ngolwemvume YokuhlabaWritten by Mfundo on 27 June, 2022By: Zilungile MkhizeEThekwini Municipality’s Health Unit is receiving numerous enquiries about processes to follow when slaughtering animals for ritual and religious purposes.This comes ahead of the Eid-al-Adha celebrations.The Red Meat Regulations of 2004, which refer to religious purposes of the Muslim faith, states a person must obtain written permission from the local authority where slaughtering will take place.The eThekwini Metro’s spokesperson, Msawakhe Maisela, says eThekwini recognises and respects communities’ traditional, cultural and religious beliefs.“The Municipality is required to give effect to national legislation and regulations to ensure the humane slaughter of animals, to safeguard public health and the health of those who consume the meat, to prevent health-related issues and to ensure that such practices are done in the interests of harmony and respect for other people’s rights within communities,” says the municipality.Â

Economic recovery: Markets react well after mask mandates were scrapped

LoadingEconomic recovery: Markets react well after mask mandates were scrappedThe announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months.Source The Citizen | Monday, 27 June 2022, 06:57Photo: UnsplashBUSINESS NEWS - Health Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets.“The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter.On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors.“As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company.The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA.“Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes.However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters.Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants.“We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander ForbesThe Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023.Meanwhile, the country’s consumer pr

Economic recovery: Markets react well after mask mandates were scrapped

LoadingEconomic recovery: Markets react well after mask mandates were scrappedThe announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months.Source The Citizen | Monday, 27 June 2022, 06:57Photo: UnsplashBUSINESS NEWS - Health Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets.“The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter.On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors.“As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company.The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA.“Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes.However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters.Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants.“We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander ForbesThe Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023.Meanwhile, the country’s consumer pr

Naspers: Disposal of JD.com Shares Received From Tencent Holdings Limited

CAPE TOWN, South Africa, June 27, 2022â€"Naspers Limited (“Naspers”) (JSE: NPN; LSE: NPSN) shareholders are advised that on 23 December 2021, … Read more: Naspers: Disposal of JD.com Shares Received From Tencent Holdings Limited

Steinhoff’s shares slide as retailer warns of volatile markets in countries it operates in

Steinhoff International's share price took an almost 6 percent dip on Friday, in spite of increasing its core profit, as the retailer warned that the markets within it operates are likely to remain volatile in the near term. The shares traded at R2.69 after the company said the core profit increased by 13 percent for the six months to end-March bolstered by the easing of Covid-19 restrictions. The counter closed at 5.24 percent at R2.71. The core profit increase was driven by Pepkor's robust performance. Group revenue from continuing operations grew 12 percent to €5.15 billion (R250bn), compared with the previous year's €4.6bn for the corresponding period. "The markets within which the group operates are likely to remain volatile in the near term, due to the situation in Ukraine, ongoing global inflationary pressures, and other regional challenges," Steinhoff said. Steinhoff's subsidiary Pepkor Holdings, which has the largest retail store footprint in southern Africa, with more than 5 700 stores operating across 11 countries, had revenue growth of 9 percent to €2.420bn. Pepkor's profitability remained strong with core profit increasing by 19 percent to €308 million. "The Pepkor Holdings Group’s ability to achieve ongoing organic growth is evidenced by its robust store expansion programme. During the reporting period under review, 144 new stores were opened," the group said. Individual businesses, such as Pepkor Holdings and Pepco Group, with their everyday value focus, continued to perform well throughout the reporting period, while others, such as Greenlit Brands and Mattress Firm reported declining trade. Mattress Firm's core profit decreased by 4 percent, while profit for the period increased by 17 percent. Greenlit Brands revenue slipped by 4 percent to €361m as lockdown restrictions imposed as a result of the omicron variant across Australia and New Zealand negatively affected sales activities. Steinhoff said its net debt rose by 26 percent to â

BTI - BRITISH AMERICAN TOBACCO PLC - Closed Period Share Repurchase Programme - 27/06/2022

BATS:   68,407    0 (0.00%)  27/06/2022 04:38BRITISH AMERICAN TOBACCO PLC - Closed Period Share Repurchase ProgrammeRelease Date: 27/06/2022 07:05Code(s): BTI      PDF:  Wrap TextClosed Period Share Repurchase Programme British American Tobacco p.l.c. Incorporated in England and Wales (Registration number: 03407696) Short name: BATS Share code: BTI ISIN number: GB0002875804 ("British American Tobacco p.l.c." or "the Company") British American Tobacco p.l.c. British American Tobacco p.l.c. (the “Company”) 24 June 2022 Closed Period Share Repurchase Programme Further to the share buyback programme announcement on 11 February 2022, the Company announces that it has entered into an irrevocable, non-discretionary agreement with its broker, UBS AG, to purchase shares during the closed period commencing on 26 June 2022 and ending at the close of business on 26 July 2022, the day prior to the release of its half year results. UBS AG will make its trading decisions in relation to the Company’s securities independently of, and uninfluenced by, the Company. The shares repurchased will be held in treasury. Any purchases will be undertaken within certain pre-set parameters, and in accordance with both the Company’s general authority to repurchase shares and Chapter 12 of the Listing Rules which requires that the maximum price is an amount equal to 105 per cent of the average market value of the Company’s shares for the five business days immediately preceding the date on which the Company’s shares are purchased. The Company confirms that it currently has no unpublished inside information. Enquiries: Investor Relations Mike Nightingale/Victoria Buxton/William Houston/John Harney +44 20 7845 1180/2012/1138/1263 Sponsor: Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities Date: 27-06-2022 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by

PRX - PROSUS N.V - The Group announces the beginning of an Open -Ended Share Repurchase Programme of Prosus and Naspers Shar

Back to PRX SENSPROSUS:   87,953    0 (0.00%)  27/06/2022 01:36PROSUS N.V - The Group announces the beginning of an Open-Ended Share Repurchase Programme of Prosus and Naspers SharesRelease Date: 27/06/2022 07:07Code(s): PRX      PDF:  Wrap TextThe Group announces the beginning of an Open-Ended Share Repurchase Programme of Prosus and Naspers Shares PROSUS N.V. (Incorporated in the Netherlands) (Legal Entity Identifier: 635400Z5LQ5F9OLVT688) ISIN: NL0013654783 Euronext Amsterdam and JSE share code: PRX (Prosus or the Company) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICE AND DISCLAIMERS AT THE END OF THIS ANNOUNCEMENT. THE GROUP ANNOUNCES THE BEGINNING OF AN OPEN-ENDED SHARE REPURCHASE PROGRAMME OF PROSUS AND NASPERS SHARES Naspers and Prosus today announce a long-term share repurchase programme of Naspers and Prosus shares. The programme is designed to increase net asset value per share, taking advantage of both Prosus's and Naspers's trading discounts to their underlying net asset value. The repurchase programme is open-ended and will run as long as elevated levels of the trading discount to the Group’s underlying net asset value persist. The repurchase programme will be funded by an orderly, on-market sale of Tencent shares held by the Group. Tencent is supportive of the withdrawal by Prosus of its voluntary restriction on the sale of its Tencent Shares. The board of directors of Naspers Limited ("Naspers Board") and board of directors ("Prosus Board") of Prosus N.V. ("Prosus") are pleased to announce the beginning of an open-ended, repurchase programme in respect of the ordinary shares N in the capital of Prosus ("Prosus Shares") and N ordinary shares ("Naspers Shares") in the share capital of Naspers, from the respective Prosus and Naspers

NPN - NASPERS LIMITED - The Group announces the Beginning of an Open -Ended Share Repurchase Programme of Prosus and Naspers

Back to NPN SENSNASPERSN:   191,277    0 (0.00%)  27/06/2022 01:36NASPERS LIMITED - The Group announces the Beginning of an Open-Ended Share Repurchase Programme of Prosus and Naspers SharesRelease Date: 27/06/2022 07:07Code(s): NPN      PDF:  Wrap TextThe Group announces the Beginning of an Open-Ended Share Repurchase Programme of Prosus and Naspers Shares NASPERS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) JSE share code: NPN ISIN: ZAE000015889 (“Naspers”) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INTO OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW. PLEASE SEE THE IMPORTANT NOTICE AND DISCLAIMERS AT THE END OF THIS ANNOUNCEMENT. THE GROUP ANNOUNCES THE BEGINNING OF AN OPEN-ENDED SHARE REPURCHASE PROGRAMME OF PROSUS AND NASPERS SHARES Naspers and Prosus today announce a long-term share repurchase programme of Naspers and Prosus shares. The programme is designed to increase net asset value per share, taking advantage of both Prosus's and Naspers's trading discounts to their underlying net asset value. The repurchase programme is open-ended and will run as long as elevated levels of the trading discount to the Group’s underlying net asset value persist. The repurchase programme will be funded by an orderly, on-market sale of Tencent shares held by the Group. Tencent is supportive of the withdrawal by Prosus of its voluntary restriction on the sale of its Tencent Shares. The board of directors of Naspers Limited ("Naspers Board") and board of directors ("Prosus Board") of Prosus N.V. ("Prosus") are pleased to announce the beginning of an open-ended, repurchase programme in respect of the ordinary shares N in the capital of Prosus ("Prosus Shares") and N ordinary shares ("Naspers Shares") in the share capital of Naspers, from the respective Prosus and Naspers (togethe

Economic recovery: Markets react well after mask mandates were scrapped

LoadingEconomic recovery: Markets react well after mask mandates were scrappedThe announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months.Source The Citizen | Monday, 27 June 2022, 06:57Photo: UnsplashBUSINESS NEWS - Health Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets.“The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter.On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors.“As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company.The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA.“Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes.However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters.Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants.“We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander ForbesThe Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023.Meanwhile, the country’s consumer pr

Economic recovery: Markets react well after mask mandates were scrapped

LoadingEconomic recovery: Markets react well after mask mandates were scrappedThe announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months.Source The Citizen | Monday, 27 June 2022, 06:57Photo: UnsplashBUSINESS NEWS - Health Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets.“The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter.On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors.“As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company.The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA.“Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes.However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters.Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants.“We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander ForbesThe Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023.Meanwhile, the country’s consumer pr

NPN - NASPERS LIMITED - Annual results announcement for the year ended 31 March 2022 - 27/06/2022

NASPERSN:   191,277    0 (0.00%)  27/06/2022 01:36NASPERS LIMITED - Annual results announcement for the year ended 31 March 2022Release Date: 27/06/2022 07:15Code(s): NPN      PDF:  Wrap TextAnnual results announcement for the year ended 31 March 2022 Naspers Limited Incorporated in the Republic of South Africa (Registration number: 1925/001431/06) (Naspers or the group) JSE share code: NPN ISIN: ZAE000015889 Annual results announcement for the year ended 31 March 2022 Salient features Year ended 31 March 2022 2021 US$'m US$'m Revenue 7 940 5 934 Operating loss (894) (1 189) Earnings per ordinary share (US cents) 4 218 1 243 Headline earnings per ordinary share (US cents) 559 970 Core headline earnings per ordinary share (US cents) 718 814 Commentary In a year marked with continued global turmoil and uncertainty, which has made for a turbulent operating environment, the financial year 2022 was a year of progress for Naspers. We remained focused on executing our long-term strategy and delivering strong operational growth across our core segments. At the same time, we made strategic investments and laid the foundation for future growth across the portfolio. Ecommerce segment revenue grew 56% (49%) to US$10.7bn and was the key contributor to group revenue growth of 24% (24%) to US$36.7bn (measured on an economic-interest basis). This is strong growth on a scaled base following similar growth and momentum in the prior year. Percentages in brackets represent growth in local currency, excluding mergers and acquisitions (M&A). Group trading profit reduced 10% (6%) to U

Wildcat strike at Eskom set to hit economy hard

South Africa’s tentative economic growth for the second quarter has been left in tatters as Eskom ramped up its rotational power cuts to a higher level after workers downed tools at nine power stations. The struggling power utility on Friday implemented Stage 4 power cuts â€" stepped up from Stage 2 â€" throughout the weekend, due to the ongoing unprotected labour action. Thousands of Eskom employees have embarked on unprotected strike action following a deadlock in wage negotiations on Tuesday. The power utility said it was compelled to take precautionary actions to conserve emergency generation reserves as many activities at power stations had to stop, including the manual loading of coal. Eskom workers are demanding 15 percent wage increases across the board on a one-year agreement, a R1 600 increase in the housing allowance, and closing of the apartheid wage gap. There have also been reports of intimidation against some workers who reported for duty, as well as alleged attempts to force employees out of power stations. However, the Labour Court granted Eskom an urgent interdict against the wildcat strike on Friday. Eskom chief operations officer Jan Oberholzer warned that the workers' strike and acts of intimidation could possibly increase the risk of power cuts amid low reserves of water and diesel at the peaking plants. “This is an illegal strike and should any of our employees or colleagues conduct themselves in a way that is not appropriate, we will take the necessary action. We have a disciplinary process,” Oberholzer said. This is the second time Eskom has implemented Stage 4 power cuts in as many months, after the country plunged to this level on May 21 when higher than anticipated demand caused some units to trip. Eskom has been experiencing frequent breakdowns at its coal-fired generation units due to low maintenance, resulting in a low energy availability of 61 percent of the total installed capacity. Alexander Forbes chief economist Isaah Mhlanga sai

Economic recovery: Markets react well after mask mandates were scrapped

LoadingEconomic recovery: Markets react well after mask mandates were scrappedThe announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months.Source The Citizen | Monday, 27 June 2022, 06:57Photo: UnsplashBUSINESS NEWS - Health Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets.“The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter.On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors.“As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company.The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA.“Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes.However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters.Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants.“We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander ForbesThe Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023.Meanwhile, the country’s consumer pr

OML07 OML10 OML14 OML13 OML11 OML12 OML09 - OLD MUTUAL LIFE ASSURANCE CO SA LIMITED - Change in directorate - 27/06/2022

Sharenet WealthRisk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in crypto currencies carries with it potential risks. Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Crypto currencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or crypto currencies you should carefully consider your investment objectives, level of experience, and risk appetite. Sharenet would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Sharenet doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data. Sharenet Group of Companies are authorised financial services providers. Sharenet Securities FSP#: 28430 | Sharenet Wealth FSP#: 41688© 2022 SHARENET (PTY) Ltd, Cape Town, South AfricaÂ

NPN - NASPERS LIMITED - Disposal of JD.com shares received from Tencent Holdings Limited - 27/06/2022

NASPERSN:   191,277    0 (0.00%)  27/06/2022 01:36NASPERS LIMITED - Disposal of JD.com shares received from Tencent Holdings LimitedRelease Date: 27/06/2022 07:05Code(s): NPN      PDF:  Wrap TextDisposal of JD.com shares received from Tencent Holdings Limited NASPERS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) JSE share code: NPN ISIN: ZAE000015889 (Naspers or the Company) DISPOSAL OF JD.COM SHARES RECEIVED FROM TENCENT HOLDINGS LIMITED Shareholders are advised that on 23 December 2021, the board of directors of Tencent Holdings Limited (Tencent), declared a special interim dividend in the form of a distribution in specie of Class A ordinary shares (the JD.com shares) of JD.com, Inc. (JD.com), a company whose American depositary shares are listed on NASDAQ Global Select Market (stock symbol: JD, ISIN Code: US47215P1066) and whose shares are listed on The Stock Exchange of Hong Kong Limited (HKEx) (stock code: 9618), representing a majority of the JD.com shares held by Tencent (the JD.com in specie distribution). Prosus N.V. (which is majority owned by Naspers) (Prosus), through its subsidiary MIH TC Holdings Limited, received 131 873 028 JD.com shares under the JD.com in specie distribution, representing a c.4% effective interest in JD.com. JD.com is a leading supply chain-based technology and service provider. Its e-commerce business includes online retail and online marketplace. In the online retail business, JD.com acquires products from suppliers and sells them directly to customers primarily through JD.com mobile apps and websites. In the online marketplace business, third-party merchants sell products to customers primarily through JD.com mobile apps and websites. As JD.com does not form part of the group’s core strategic focus and the JD.com shares were received by the Prosus group as a result of the JD.com in specie distribution, the Prosus group implemented an orderly disposal of

JSE to open to buoyant sentiment on Monday after US rebound

The JSE looks set to enjoy a generally positive session for global markets on Monday morning, with US markets bouncing back last week, partly due to data that showed expectations for inflation are moderating. The Michigan consumer sentiment index, closely watched by the US Federal Reserve, showed while confidence was at a record low in June, inflation expectations haven't picked up. This also followed commentary from Fed chair Jerome Powell last week who said while a recession is certainly a possibility in the world’s largest economy, it isn't currently likely. Markets continue to price that the worst is over for US bond markets and that the end of Fed rate hikes will occur sooner than expected as the economies in the US and elsewhere slow sharply in the second half of 2022, said Oanda senior market analyst Jeffrey Halley in a note. In morning trade the hang seng was up 3.15%, Japan’s nikkei 1.57% and the Shanghai composite 0.88%. Tencent, which can give direction to the JSE via the Naspers stable, rose 4.15%. Gold was up 0.44% to $1,835.58/oz while platinum rose 0.68% to $915. The rand was flat at R15.81/$, having firmed almost 1% on Friday. Locally, Stage 4 load-shedding is expected to continue to at least Wednesday,  Cement-maker PPC is due to report results for its year to end-March later, saying in a recent trading update core profit from continuing operations is expected to fall as much as 4%, though it didn't go into details. gernetzkyk@businesslive.co.za Would you like to comment on this article or view other readers' comments? Register (it’s quick and free) or sign in now. Please read our Comment Policy before commenting. Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.

Wildcat strike at Eskom set to hit economy hard

Wildcat strike at Eskom set to hit economy hardPylons carry electricity from South African power utility Eskom's Koeberg nuclear plant near Cape Town. Photo, Reuters.Published 32m agoSiphelele DludlaShareSouth Africa’s tentative economic growth for the second quarter has been left in tatters as Eskom ramped up its rotational power cuts to a higher level after workers downed tools at nine power stations.The struggling power utility on Friday implemented Stage 4 power cuts â€" stepped up from Stage 2 â€" throughout the weekend, due to the ongoing unprotected labour action.Story continues below AdvertisementThousands of Eskom employees have embarked on unprotected strike action following a deadlock in wage negotiations on Tuesday.The power utility said it was compelled to take precautionary actions to conserve emergency generation reserves as many activities at power stations had to stop, including the manual loading of coal.Eskom workers are demanding 15 percent wage increases across the board on a one-year agreement, a R1 600 increase in the housing allowance, and closing of the apartheid wage gap.More on thisThere have also been reports of intimidation against some workers who reported for duty, as well as alleged attempts to force employees out of power stations.However, the Labour Court granted Eskom an urgent interdict against the wildcat strike on Friday.Eskom chief operations officer Jan Oberholzer warned that the workers' strike and acts of intimidation could possibly increase the risk of power cuts amid low reserves of water and diesel at the peaking plants.Story continues below Advertisement“This is an illegal strike and should any of our employees or colleagues conduct themselves in a way that is not appropriate, we will take the necessary action. We have a disciplinary process,” Oberholzer said.This is the second time Eskom has implemented Stage 4 power cuts in as many months, after the country plunged to this level on May 21 when higher than anticipated

Economic recovery: Markets react well after mask mandates were scrapped

LoadingEconomic recovery: Markets react well after mask mandates were scrappedThe announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months.Source The Citizen | Monday, 27 June 2022, 06:57Photo: UnsplashBUSINESS NEWS - Health Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets.“The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter.On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors.“As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company.The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA.“Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes.However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters.Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants.“We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander ForbesThe Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023.Meanwhile, the country’s consumer pr

RMB HOLDINGS LIMITED â€" Audited summary financial results for the year ended 31 March 2022

Audited summary financial results for the year ended 31 March 2022RMB Holdings Limited (RMH)(Incorporated in the Republic of South Africa)Registration number: 1987/005115/06JSE ordinary share code: RMHISIN code: ZAE000024501Sector: FinancialsICB Sector: Diversified financial servicesAUDITED SUMMARY FINANCIAL RESULTS FOR THE YEAR ENDED 31 MARCH 2022ABOUT RMHRMH is a JSE Limited (JSE) listed investment holding company with a track record of investing in disruptive and entrepreneurial businesses,complemented by innovative corporate actions.We seek to instil the values and ethos that have defined the successes of RMH and Rand Merchant Investment Holdings Limited (RMI) to date.True to the ethos of partnership, RMH played a significant role in the establishment and growth of some of South Africa’s most iconic financialservices businesses, including FirstRand, Discovery and OUTsurance. In 2011, RMH’s insurance interests (Discovery, Momentum Metropolitan andOUTsurance) were separately listed as RMI. RMI recently unbundled its interests in Discovery and Momentum Metropolitan. This is in alignmentwith the approach to liberate investments at the appropriate stage in their life cycle and to achieve the best value reflection.In 2016, RMH expanded its investment strategy to include a property investment business (RMH Property). RMH Property partnered withentrepreneurial management teams with proven track records in developing and managing unlisted property. RMH Property is RMH’s mostsignificant remaining asset following the unbundling of RMH’s investment in FirstRand in June 2020.PERFORMANCE AND OUTLOOKExternal environmentRMH’s macroeconomic environment is characterised by the following:Invasion of Ukraine and its effect on â€" Russia’s invasion of Ukraine has resulted in extreme commodity price swings that will have a profoundthe world economy impact on the global economy over the short term.

History Made As Uvwie Monarch Confers Chieftaincy Title  On Elder Aminu Of Ika Kingdom (PHOTOS)

History Made As Uvwie Monarch Confers Chieftaincy Title  On Elder Aminu Of Ika Kingdom (PHOTOS)History Made As Uvwie Monarch Confers Chieftaincy Title  On Elder Aminu Of Ika Kingdom (PHOTOS)Share ThisTagsChief Aminu Joel Ndidi greeting Ovie of Uvwie Kingdom HRM (Dr) Emmanuel Ekemejewa Sideso Abe 1 during the conferment of chieftaincy title… LAGOS JUNE 27TH (URHOBOTODAY)-History was made recently when the Ovie of Uvwie Kingdom in Uvwie Local Government Area of Delta State, Dr Emmanuel Ekemejewa Sideso Abe 1 has honoured Chief Aminu Joel Ndidi who hailed from  the family of late Chief Stephen Aminu and Mrs Comfort Aminu  of lhogbe quarter Agbor-Obi  Kingdom in Delta State with a chieftaincy title.The event was glamorous one  and celebration of joy  for the people of  Ika Agbor Kingdoms  being   first in  history as their industrial son,  Aminu Ndidi Joel was honour with  chieftain title which is expected to usher   peace, harmony, love  and collaboration of rich culture between the two great community in Delta state.Ika Women fully represented….Speaking to  journalists after the conferment of the title of ‘Uvwiefome R’ Uvwie’ meaning the land is good unto me and it is blessed, Elder Aminu  who said the event means a lot to him  said, “it is  a great  honour and privilege for his   conferment as one  of the Chief in Uvwie Kingdom by his Royal Majestic  Dr Emmanuel Sideso Abe 1.“ My message to the people there is that I will continue to do more and pray to people and also let the world know that Uvwie is a bless land.  I will continue  to praise the land and Uvwie sons and daughters.”Prominent Uvwie chiefs  who were on courtesy visit to the home of Chief Aminu Ndidi Joel after the conferment of the title were Chief Ireruke Temabo, Chief Tony Etute Ugboduma , Chief Austine Tivere Ukuwrere , Chief Sunday Edeki and  Chief Emakpo among others.Uvwie chiefs on cour

5 Reasons Why Bitcoin ATMs Are Expanding

5 Reasons Why Bitcoin ATMs Are Expanding5 Reasons Why Bitcoin ATMs Are ExpandingBy varsha Posted onShare Tweet Pin it Share ShareThe Bitcoin industry is booming.  It is the very first and also the most valued Cryptocurrency now. In the year 2009, when Bitcoin was first introduced in the market, most investors had not taken it seriously. Gradually with time, Bitcoin has started to show its true potential.  More and more investors started to put their money in Bitcoin and gained a lot of returns. Bitcoin has also made a lot of individual millionaires overnight.  Finance experts are also stating that in the future, Bitcoin might replace the traditional fiat currencies or at least will establish itself as an alternative to that. It might be hard to believe. We also couldn’t believe that Bitcoin would be there where it is right now at the time of its inception.  A lot of investors and also common people are using Bitcoin trading platforms, like  Bitcoin Loophole , for making Bitcoin and other Cryptocurrency investments. Even the number of Bitcoin ATMs is also increasing. Table of ContentsWorking Of A Bitcoin ATM5 Reasons Why Bitcoin ATMs Are ExpandingWhether it is investing or transacting, more businesses and users are using Bitcoin along with other Cryptocurrencies. Across the globe, there are more than 36,000 Bitcoin ATMs. This huge increase in the number of Bitcoin ATMs has not taken place without any reason.  There are actually many.  Here, in this article, we will discuss those reasons. Reason No 1: More People Are Owning BitcoinAs per a study conducted in 2021, it has been seen that around 100 million people were using Bitcoin. Compared to the previous year, i.e., 2020, the global adoption rate of Bitcoin was up by 881%.  This monumental rise in the usage of Cryptocurrencies and Bitcoin has also increased the demand for some convenient ways to transact. Bitcoin ATM operators have noticed that, and thus they are supplying more Bitco

DGH - DISTELL GROUP HOLDINGS LIMITED - Result of the Distell general meeting of shareholders - 27/06/2022

DISTELLG:   17,068    +20 (+0.12%)  27/06/2022 14:18DISTELL GROUP HOLDINGS LIMITED - Result of the Distell general meeting of shareholdersRelease Date: 27/06/2022 14:30Code(s): DGHWrap TextResult of the Distell general meeting of shareholders DISTELL GROUP HOLDINGS LIMITED Incorporated in the Republic of South Africa Registration number: 2016/394974/06 Share code: DGH ISIN: ZAE000248811 (“Distell” or “the Company”) RESULT OF THE DISTELL GENERAL MEETING OF SHAREHOLDERS Unless otherwise indicated, capitalised terms in this announcement shall bear the meaning ascribed thereto in the Distell circular (“Circular”), distributed on Thursday, 26 May 2022. 1. INTRODUCTION Distell Shareholders are referred to the Distell Scheme Circular distributed to Distell Shareholders on 17 January 2022, regarding the Scheme proposed by the Distell Board to the Distell Shareholders. Distell Shareholders approved all special and ordinary resolutions required in respect of the Scheme at the Scheme meeting held on 15 February 2022. As set out in the Distell Scheme Circular, it is proposed that all Treasury Shares be repurchased by Distell and Delisted and Cancelled prior to the Scheme Implementation Date. The General Meeting was held today for the purposes of Distell Shareholders considering and, if deemed fit, passing, with or without modification, the special and ordinary resolutions contained in the Notice of General Meeting. 2. RESULT OF THE GENERAL MEETING The Distell Board is pleased to announce that the special and ordinary resolutions required to give effect to the Treasury Share Repurchase were approved by the requisite majority of votes at the General Meeting held today, Monday, 27 June 2022, at 11h00 SAST. The results of the resolutions are as follows: Resolutions Votes cast disclosed as a Number of Shares voted Shares abstained per

Takealot is ready for the Amazon onslaught: Bob van Dijk

Takealot is ready for the Amazon onslaught: Bob van DijkHome » Sections » E-commerce » Takealot is ready for the Amazon onslaught: Bob van DijkTakealot is ready for the Amazon onslaught: Bob van DijkFacebook Twitter LinkedIn WhatsApp Telegram EmailNaspers CEO Bob van DijkTakealot Group has built a powerful e-commerce and logistics platform that will stand it in good stead in an increasingly competitive market, Bob van Dijk, CEO of parent Naspers, said on Monday.Asked for his views on reports that Amazon.com is poised to launch an e-commerce marketplace operation in South Africa early next year and how this might impact Takealot, Van Dijk told TechCentral that the “merits” of what Takealot has built over the past decade are “quite profound”.“I was in South Africa two weeks ago and spent a lot of time talking to people around how they experience the service. Takealot has built a very well-organised logistics and delivery network and they have spent more than a decade doing that, and doing it at scale, which allows for efficiency and predictability,” Van Dijk said.To build something of the efficiency and scale and customer friendliness that Takealot has built is not very easy to do“They have been able to launch a customer proposition that people really like … and, with very few exceptions, people are enthusiastic about the quality of service, the pricing, the logistics and the predictability of it. That’s not very easy to replicate,” he said.Last week, US publication Business Insider, citing leaked documents, reported that Amazon planned to launch online shopping services in South Africa and four other countries by early 2023. The South African launch, said to be codenamed Project Fela, is reportedly happening next February. South Africans will also get access to Amazon’s Prime membership programme soon after launch of Amazon online shopping in the country, Business Insider said.‘Real strength’Amazon has

Wimbledon open for business, not quite as usual

By Martyn Herman LONDON, June 27 (Reuters) - The world's most famous queue began streaming into the All England Club on Monday as the gates opened at the start of the 135th edition of the Wimbledon championships. The quintessential English sight of thousands of tennis fans waiting patiently, often having camped overnight, to gain entry to the grounds has been missing since 2019. Covid-19 put paid to Wimbledon in 2020 and last year the queue was scrapped on safety grounds as the tournament returned to semi-normality, albeit with restricted attendances and players based in secure hotel bubbles. Although all that makes Wimbledon such a spectacle has returned, it is not quite business as usual despite the buzz around the grounds as the gates swung open at 0900GMT on a breezy morning in south west London. For a start, Roger Federer, the king of the lawns with a record eight men's singles titles, is absent for the first time since winning the junior event in 1998. Where Champions are born, and historic tales told. The next 100 years, about to unfold. The stage awaits.#Wimbledon | #CentreCourt100 pic.twitter.com/wlrUcGm1g4 The 40-year-old Swiss is recovering from a knee injury and has not played since losing to Poland's Hubert Hurkacz in the quarter-finals a year ago. Also missing is men's world number one Daniil Medvedev after organisers banned Russian and Belarusian players in response to the invasion of Ukraine while women's defending champion Ash Barty has retired. The ban on Russians and Belarusians prompted the ATP and WTA to take away ranking points from Wimbledon this year. Play is also scheduled for 14 days, rather than the traditional 13, with middle Sunday no longer a rest day, meaning the end of so-called Manic Monday when all the men's and women's fourth-round matches used to be played. Introducing Match Insights, brought to you by @IBM throughout The Championships #Wimbledon | #CentreCourt100 pic.twitter.com/ybaCMynDwK While the build-up to Wimbledon has been mired in controversy, t

SIU to proceed with civil action against former National Lotteries Commission chairperson - Breaking news, special reports,

SIU to proceed with civil action against former National Lotteries Commission chairperson 27 June 2022, 3:25 PM | Former National Lotteries Commission chairperson Professor Alfred Nevhutanda. Image: SABC News Former National Lotteries Commission chairperson Professor Alfred Nevhutanda. The Special Investigating Unit (SIU) says it will institute civil action against former National Lotteries Commission Chairperson Professor Alfred Nevhutanda and Vhutanda Investments. This is to claim back profit allegedly improperly earned during his tenure at the commission. This comes after the SIU obtained a preservation order to freeze a luxury property owned by Vhutanda Investments, a private company of which Nevhutanda was the sole director. The SIU alleges that Vhutanda Investments purchased the property for approximately R27 million in 2018 with money from the National Lotteries Commission. SIU Spokesperson Kaizer Kganyago says they believe the luxury property constitutes proceeds of unlawful activities. "At the time of the acquisition of the property, Professor Nevhutanda was both the director of Vhutanda Investment and chairman of the board of the NLC. The SIU investigation has revealed that the acquisition of the property was funded by the non-profit organisations with monies they had received under the auspices of grant funding from the National Lotteries Commission, says Kganyago. Kganyago provides further details in the video below: Share article

E Cape Liquor Board says Enyobeni tavern owner will face criminal charges - Breaking news, special reports, world, business,

E Cape Liquor Board says Enyobeni tavern owner will face criminal charges 27 June 2022, 6:02 AM | Police Minister Bheki Cele says the deceased are aged between 13 and 17. Image: SABC News Police Minister Bheki Cele says the deceased are aged between 13 and 17. The Eastern Cape Liquor Board says it will lay criminal charges against the owner of the Enyobeni tavern at Scenery Park in the Eastern Cape, where at least 21 young people were killed on Sunday morning. The board says it has also revoked the liquor license of the establishment. In a statement, the Board’s CEO Dr. Nombuyiselo Makala says the owner blatantly contravened the liquor act by serving alcohol to minors. Meanwhile, The National Liquor Traders convener Lucky Ntimane says the blame lies with the owner of the establishment. "This was a totally avoidable incident, and we clearly hold the tavern owner liable for whatever has happened there because everyone who goes into a tavern or place of enjoyment is at the hands of the person who owns that establishment. We’re sending our condolences to the families who have lost their loved ones in this tragic incident. These incidents happen way after the closing hours of such a tavern, also that there were underage children in that establishment, this should never have happened. This tavern should be closed. EC Tavern deaths: We are waiting for investigators to confirm if it was a stampede: Tikana-Gxothiwe Team of experts to investigate the tragedy Police Minister Bheki Cele says the deceased are aged between 13 and 17. The Minister has deployed a team of experts to investigate the circumstances behind the deaths. Cele says the team will report to him on a daily basis. "The scene I have seen here inside it takes it doesn’t matter what kind of a heart you have, first the sight of those bodies sleeping there but when you look at their faces you realise that you are dealing with kids, kids, kids, kids you have heard the story that they are young but when you see them you

Economic recovery: Markets react well after mask mandates were scrapped

Loading Economic recovery: Markets react well after mask mandates were scrapped The announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months. Source The Citizen | Monday, 27 June 2022, 06:57 Photo: Unsplash BUSINESS NEWS - Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) sur

Setting New Paradigms: Eaton Business School

Jun 27, 2022 Setting New Paradigms: Eaton Business School This world class institution is a pioneer in providing flexible executive education to professionals from more than 81 countries through its Live Interactive virtual classrooms EBS is setting up new standards by attracting extraordinarily successful business managers and senior corporate executives to their courses that are globally recognised SHARJAH, United Arab Emirates, June 27, 2022/APO Group/ -- There are new paradigms being set in the education industry worldwide. Technology is ever so opening new vistas and pushing the boundaries of what is possible - remotely. People&rsquo;s mindset is also changing with the changing times, standards, and opportunities. Distance and location are no longer inhibiting factors. Internet, telecommunications, and multi-media are making the world come closer and learn better. Executive Education Eaton Business School ( https://bit.ly/3xXL2k2 ) (EBS) is an online executive education provider with offices in U.K, U.A.E, India, and Singapore. This world class institution is a pioneer in providing flexible executive education to professionals from more than 81 countries through its Live Interactive virtual classrooms. EBS offers Executive MBA and Diploma programmes in the field of management that are becoming quite popular with working professionals. Senior professionals and entrepreneurs are opting for EBS courses for upgrading their knowledge base, for career progression, and for immigration purposes. Flexibility The learner profile at Eaton Business School is working executives with an average age of 33 years, having an average of 8 years' work experience. More than a quarter of the student populace are decision makers helming the affairs of the organization they work for. The flexibility of the learning platform and the peer learning opportunities enriches the learning journey of the executives. They can not only collaborate and participate in the scheduled weekly live sessions from the comfo

Economic recovery: Markets react well after mask mandates were scrapped

Loading Economic recovery: Markets react well after mask mandates were scrapped The announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months. Source The Citizen | Monday, 27 June 2022, 06:57 Photo: Unsplash BUSINESS NEWS - Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) sur

Nomanini launches StockNow, a digital retailer solution, to bring affordable working capital to Africa’s informal ret

Source: Nomanini | Jun 27, 2022 Nomanini launches StockNow, a digital retailer solution, to bring affordable working capital to Africa&rsquo;s informal retail markets StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal micro and small retailers to purchase stock digitally For Nomanini, the launch of StockNow marks a big shift from enterprise B2B technology solutions to a move into embedded stock advances in the FMCG value chain NAIROBI, Kenya, June 27, 2022/APO Group/ -- Nomanini ( https://Nomanini.com ), a fast-growing fintech platform in Africa, has today announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa&rsquo;s informal retailers at scale. StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal micro and small retailers to purchase stock digitally. Ten million informal retailers in Africa are reached by global FMCG value chains but lack access to responsible and affordable finance solutions to keep their shelves stocked to attract customers and grow their businesses. The StockNow app connects informal retailers to distributors of global fast moving consumer brands relevant in the general trade market, enabling them to purchase goods using stock advances to keep their shelves stocked with essential goods, ensuring business continuity and support for last-mile consumers. Giving informal retailers access to foundational business finance solutions Going live in Tanzania with a key partner Nestle ESAR, Nomanini&rsquo;s launch of StockNow has formalised the relationship enabling a more strategic approach to alleviate some of the challenges experienced by retailers in Africa&rsquo;s general market, especially as they recover from the effects of the pandemic. "COVID really highlighted how important these retailers are to their communities, explains Nomanini&rsquo;s CEO, Vahid Monadjem. "And unfortu

Business Maverick: Australia’s gender pay gap problem worst in peak earning years

The pay gap between men and women is widest between the ages of 45 and 64, according to a new report. Men in Australia out-earn women at every stage of their working life, with the pay gap the most pronounced at the peak of their careers, Workplace Gender Equality Agency data show. The gap is widest between the ages of 45 and 64, where men earn more than 30% extra per year, or more than A$40,000 ($27,740), on average, according to a new WGEA report. Economic opportunity for women is one of the big issues facing Australia’s newly elected Labour government, with the country home to one of the world’s biggest gender pay gaps. Australia was No. 15 on the World Economic Forum’s global gender gap index in 2006 but dropped to 50th place in 2021. It’s fallen from 12th to 70th in terms of economic participation and opportunity for women in the same period, despite last year ranking joint first place for educational attainment. The pay problem is accentuated by the fact that in every age group, no more than 50% of women were in full-time work in 2021, yet more than 90% of managers are working full-time. This means women are missing out on management roles, according to the report. Men over the age of 55 are twice as likely as women to be in management positions. In the 55-plus age group, women hold about 28% of CEO and senior executive roles, according to WGEA. They are paid on average A$93,000 less than their male peers. In the 45-55 age group, the average gap is A$81,000. An unapologetic old boys’ network is costing Australia billions Policies that focus on equal access to workplace support for men and women are important for correcting the gap, WGEA director Mary Wooldridge said in a statement. These include gender-neutral parental leave policies, childcare subsidies support, and flexible work policies. Workplaces must also enable career progression for part-time workers, she added. Millennial women currently working will take home just 70% of men’s earni

There may be an urgent need to escalate rolling blackouts, Eskom warns - Breaking news, special reports, world, business, sp

There may be an urgent need to escalate rolling blackouts, Eskom warns 27 June 2022, 7:52 AM | SABC | @SABCNews [File Image] A person works next to a paraffin lamp as Eskom implements regular power cuts across South Africa. Image: Reuters [File Image] A person works next to a paraffin lamp as Eskom implements regular power cuts across South Africa. Eskom says there is a possibility that the stage of rolling blackouts may have to be escalated at short notice , depending on the state of the plant and the availability of labour. The blackouts moved from stage 2 to stage 4 on Friday and this is expected to persist until Wednesday for now. Eskom blames the unprotected industrial action at various of its power stations for the move to stage 4 blackouts, as this has impacted planned maintenance and repairs. Eskom spokesperson, Sikhonathi Mantshatsha claims that not all of the station’s employees have reported for duty. "As a result, unplanned generation losses have not been reduced as planned, which has compelled Eskom to continue taking precautionary measures to conserve generation capacity and safeguard the plant from damage. There is a possibility that the stage of rolling blackouts may have to change at short notice, depending on the state of the plant and the availability of labour. On Friday, Eskom obtained an interdict against the strike by its employees who are considered essential service workers. The workers are demanding a 12% wage hike, while Eskom says it can only afford an increase of 4.7%. Analysis of Eskom’s electricity crisis: Adil Nchabeleng Share article

Economic recovery: Markets react well after mask mandates were scrapped

Loading Economic recovery: Markets react well after mask mandates were scrapped The announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months. Source The Citizen | Monday, 27 June 2022, 06:57 Photo: Unsplash BUSINESS NEWS - Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) sur

Economic recovery: Markets react well after mask mandates were scrapped

Loading Economic recovery: Markets react well after mask mandates were scrapped The announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months. Source The Citizen | Monday, 27 June 2022, 06:57 Photo: Unsplash BUSINESS NEWS - Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) sur

Japan braces for power crunch as temperatures climb, rainy season ends - Breaking news, special reports, world, business, sp

Japan braces for power crunch as temperatures climb, rainy season ends 27 June 2022, 6:52 AM | Reuters | @SABCNews The Japanese government warned that electric power supplies in the Tokyo area will be strained on Monday The Japanese government warned that electric power supplies in the Tokyo area will be strained on Monday Japan braced for a possible power crunch on Monday as temperatures climbed across the country and the rainy season ended in the Tokyo area at its earliest point since 1951, raising fears of a long, hot summer amid fuel price rises. The Japanese government warned that electric power supplies in the Tokyo area will be strained on Monday as scorching heat batters the area with record temperatures. Officials called for power conservation, especially in the afternoon. Surging electrical prices because of soaring fuel costs after Russia’s invasion of Ukraine are making life hard for Japanese consumers less than two weeks before an election for the upper house of parliament. A power shortage could batter the fortunes of the ruling Liberal Democratic Party (LDP), already under fire for how it has handled higher consumer prices. "We encourage people to cut back on energy use to a reasonable degree, such as by turning off lights that aren’t being used, while also using air conditioners during particularly hot hours and exercising caution so as not to get heat stroke, deputy chief cabinet secretary Yoshihiko Isozaki told a news conference. In Tokyo and eight nearby prefectures in eastern Japan, excess generating capacity will drop to as low as 3.7% from about 4:30 to 5 p.m. on Monday (0730-0800 GMT), according to estimates released by the Ministry of Economy, Trade and Industry (METI) on Sunday. A level of 3% is considered the minimum required for a stable power supply. As of 11 a.m., temperatures in downtown Tokyo had hit 34.1°C (93.4°F) and those in Kiryu, slightly northeast of the capital, were at 36.3°C. Japan Meteorological Agency said on Monday the annu

Nomanini launches StockNow, a digital retailer solution, to bring affordable working capital to Africa’s informal ret

Video of the week Main Navigation Nomanini launches StockNow, a digital retailer solution, to bring affordable working capital to Africa&rsquo;s informal retail markets 27 June 2022 By admin APO-OPA Nomanini ( https://Nomanini.com ), a fast-growing fintech platform in Africa, has today announced the launch of a new supply chain finance solution called StockNow that connects FMCGs and financial service providers to serve Africa&rsquo;s informal retailers at scale. StockNow, an easy-to-use app for retailers developed by Nomanini, makes it possible for informal micro and small retailers to purchase stock digitally. Ten million informal retailers in Africa are reached by global FMCG value chains but lack access to responsible and affordable finance solutions to keep their shelves stocked to attract customers and grow their businesses. The StockNow app connects informal retailers to distributors of global fast moving consumer brands relevant in the general trade market, enabling them to purchase goods using stock advances to keep their shelves stocked with essential goods, ensuring business continuity and support for last-mile consumers. Giving informal retailers access to foundational business finance solutions Going live in Tanzania with a key partner Nestle ESAR, Nomanini&rsquo;s launch of StockNow has formalised the relationship enabling a more strategic approach to alleviate some of the challenges experienced by retailers in Africa&rsquo;s general market, especially as they recover from the effects of the pandemic. "COVID really highlighted how important these retailers are to their communities, explains Nomanini&rsquo;s CEO, Vahid Monadjem. "And unfortunately, their lack of access to responsible business finance solutions means that they are particularly vulnerable during and after times of crisis." "In response to challenges we saw retailers face during the pandemic and related lockdowns, we established the opportunity to accelerate the development of our digital work

Setting New Paradigms: Eaton Business School - News from

Setting New Paradigms: Eaton Business School 27 June 2022 By admin APO-OPA There are new paradigms being set in the education industry worldwide. Technology is ever so opening new vistas and pushing the boundaries of what is possible - remotely. People&rsquo;s mindset is also changing with the changing times, standards, and opportunities. Distance and location are no longer inhibiting factors. Internet, telecommunications, and multi-media are making the world come closer and learn better. Executive Education Eaton Business School ( https://bit.ly/3xXL2k2 ) (EBS) is an online executive education provider with offices in U.K, U.A.E, India, and Singapore. This world class institution is a pioneer in providing flexible executive education to professionals from more than 81 countries through its Live Interactive virtual classrooms. EBS offers Executive MBA and Diploma programmes in the field of management that are becoming quite popular with working professionals. Senior professionals and entrepreneurs are opting for EBS courses for upgrading their knowledge base, for career progression, and for immigration purposes. Flexibility The learner profile at Eaton Business School is working executives with an average age of 33 years, having an average of 8 years' work experience. More than a quarter of the student populace are decision makers helming the affairs of the organization they work for. The flexibility of the learning platform and the peer learning opportunities enriches the learning journey of the executives. They can not only collaborate and participate in the scheduled weekly live sessions from the comfort of their homes, but the recording of each session also helps the busy executives across different time zones not to miss any of the sessions. Eaton Business School is setting up new standards by attracting extraordinarily successful business managers and senior corporate executives to their courses that are globally recognised. The interactive sessions, case studies, and business ca

Economic recovery: Markets react well after mask mandates were scrapped

Loading Economic recovery: Markets react well after mask mandates were scrapped The announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months. Source The Citizen | Monday, 27 June 2022, 06:57 Photo: Unsplash BUSINESS NEWS - Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) sur

Wall Street gains boost Asian markets as inflation jitters ease

Tokyo - Stocks gained in Asia on Monday amid improved risk sentiment after Wall Street rebounded strongly at the end of last week as oil prices eased, tempering fears of prolonged inflation and the accompanying aggressive Federal Reserve tightening. Treasury yields remained subdued and the dollar hovered near the lowest in more than a week as investors continued to assess the outlook for US rate hikes and the potential for a recession. Japan's Nikkei rallied 1.04%, while Australia's benchmark jumped 1.69%. Chinese blue chips rose 0.54% and Hong Kong's hang seng advanced 1.46%. South Korea's kospi gained 1.65%. MSCI's broadest index of Asia-Pacific shares rose 1.31%. However, US stock futures point to a 0.25% decline when those markets reopen. On Friday, the S&amp;P 500 surged more than 3%, adding to an almost 1% gain on Thursday. "We've had a decent end to the week in the US markets and I think that's going to be the main scene for Monday here in Asia, amid a dearth of news or other new drivers, said Rob Carnell, chief economist for Asia-Pacific at ING. "We've had two decent equity days on the run now. It's perhaps notable that you've had some consistency there. Crude oil fell in volatile trading on Monday as the market grapples with concerns that a global economic slowdown could depress demand vs worries about lost Russian supply amid sanctions over the Ukraine conflict. Brent and US West Texas Intermediate (WTI) futures fell more than a dollar earlier. But, prices have rebounded with Brent at $112.78 a barrel, down 34c, and WTI at $107.17, down 45c. US long-term Treasury yields hovered around 3.13% after bouncing off a two-week low just above 3% at the end of last week as traders removed bets for hikes next year, but still pondered if aggressive tightening this year could trigger a recession. Yields have dropped from 3.456%, the highest in more than a decade, reached before the mid-month Fed meeting. Then, the central bank hiked rates by 75 basis points, the biggest increase since 19

Business Maverick: US resuscitates bid at G7 to counter China’s Belt and Road

The Build Back Better World initiative has struggled to get off the ground because not enough G7 partners contributed financially when it was unveiled last year. President Joe Biden rebooted his effort to counter China’s flagship trade-and-infrastructure initiative after an earlier campaign faltered, enlisting the support of Group of Seven leaders at their summit in Germany. The Build Back Better World initiative, named after Biden’s domestic spending and climate agenda, struggled to get off the ground because not enough G7 partners contributed financially when it was unveiled a year ago, according to people familiar with its lack of progress. European officials cited the Biden administration’s inability to get its own ambitious economic legislation through Congress. "When democracies demonstrate what we can do -all that we have to offer - I have no doubt that we’ll win that competition every time, Biden said during an event on the sidelines of the summit. The measure has been rebranded the "Partnership for Global Infrastructure and Investment and the US is calling on leaders to agree to fund the launch of projects in middle- and low income countries to the tune of $600 billion over the next five years. It will consist mostly of private sector investments, with some funding from the US Development Finance Corporation and Export-Import Bank and other commitments from foreign governments. The US would contribute $200 billion in total though it’s unclear what the split would be between private and public sector funding, and how the government plans to convince companies to take part. There is the potential for the same challenges to crop up under the initiative’s latest incarnation, in part as the G7 prioritises other issues such as taming inflation and dealing with the fallout of Russia’s invasion of Ukraine. "Russia’s invasion of Ukraine in early 2022 and the uncertain economic recovery from COVID-19 threaten to undermine progress, Cha

Economic recovery: Markets react well after mask mandates were scrapped

Loading Economic recovery: Markets react well after mask mandates were scrapped The announcement bodes well for economic activity which recovered better than expected. However, two other factors will weigh heavily on growth in the coming months. Source The Citizen | Monday, 27 June 2022, 06:57 Photo: Unsplash BUSINESS NEWS - Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) sur

Steinhoff’s shares slide as retailer warns of volatile markets in countries it operates in

Steinhoff International's share price took an almost 6 percent dip on Friday, in spite of increasing its core profit, as the retailer warned that the markets within it operates are likely to remain volatile in the near term. The shares traded at R2.69 after the company said the core profit increased by 13 percent for the six months to end-March bolstered by the easing of Covid-19 restrictions. The counter closed at 5.24 percent at R2.71. The core profit increase was driven by Pepkor's robust performance. Group revenue from continuing operations grew 12 percent to 5.15 billion (R250bn), compared with the previous year's 4.6bn for the corresponding period. "The markets within which the group operates are likely to remain volatile in the near term, due to the situation in Ukraine, ongoing global inflationary pressures, and other regional challenges," Steinhoff said. Steinhoff's subsidiary Pepkor Holdings, which has the largest retail store footprint in southern Africa, with more than 5 700 stores operating across 11 countries, had revenue growth of 9 percent to 2.420bn. Pepkor's profitability remained strong with core profit increasing by 19 percent to 308 million. "The Pepkor Holdings Group&rsquo;s ability to achieve ongoing organic growth is evidenced by its robust store expansion programme. During the reporting period under review, 144 new stores were opened," the group said. Individual businesses, such as Pepkor Holdings and Pepco Group, with their everyday value focus, continued to perform well throughout the reporting period, while others, such as Greenlit Brands and Mattress Firm reported declining trade. Mattress Firm's core profit decreased by 4 percent, while profit for the period increased by 17 percent. Greenlit Brands revenue slipped by 4 percent to 361m as lockdown restrictions imposed as a result of the omicron variant across Australia and New Zealand negatively affected sales activities. Steinhoff said its net debt rose by 26 percent to 10.23bn, with the group&rsquo;s

PEP awards Carat SA its digital and traditional media business

[PRESS OFFICE] Carat South Africa has hit the ground running a mere month after winning the PEP business. The account was won following a multi-agency pitch over the last three months and includes digital and traditional media strategy, planning and buying with a dedicated team based at the Cape Town office. Effective 1 June 2022, the award-winning global media agency will use its unmatched understanding of the passions, motivations and behaviours of real people to bring PEP and their customers together. Delivering an unparalleled capability to unlock real human understanding to connect people and brands by designing powerful and engaging media experiences. "We could not be happier to be working with PEP South Africa and the fantastic team behind this brand. There is a real synergy in our cultures and ethos, which is always the cornerstone of a successful partnership, and we look forward to doing some bold and impactful work together, said Lerina Bierman, managing director of Carat South Africa. Beyers van der Merwe, PEP SA&rsquo;s chief marketing executive, commented: "We are very excited and optimistic about the strategic partner we have found in Carat to support our overall business and brand goals. Carat has a deep understanding of the media landscape and our customer audience and we know they will ensure relevance and connection across all channels and touchpoints for our remarkable customers.

APO Group - Africa Newsroom / Press Release » Eaton Business School

Setting New Paradigms: Eaton Business School This world class institution is a pioneer in providing flexible executive education to professionals from more than 81 countries through its Live Interactive virtual classrooms There are new paradigms being set in the education industry worldwide. Technology is ever so opening new vistas and pushing the boundaries of what is possible - remotely. People&rsquo;s mindset is also changing with the changing times, standards, and opportunities. Distance and location are no longer inhibiting factors. Internet, telecommunications,

Aquaman Jason Momoa speaks up for the ocean - and other environment stories you need to read this week

Greece will offer households subsidies to help them replace their old fridges and air conditioners and cut down on soaring power bills .2. Aquaman's Jason Momoa fights for the ocean in real lifeHollywood actor Jason Momoa is taking his role as Aquaman, protector of the deep, off-screen to fight for the ocean in real life.The soon-to-be UN Environment Programme advocate for Life Below Water took part in an event on a Portuguese beach ahead of the United Nations Ocean Conference in Lisbon, which starts on 27 June."Without a healthy ocean life, our planet as we know would not exist," Momoa said.Around 7,000 people, from heads of state to environmental activists, are expected to attend the conference, which was postponed from 2020 to this year due to the coronavirus pandemic.Dozens of youth activists from various countries clapped and cheered as Momoa spoke about the problems facing the world's oceans."We must seek to right the wrongs we have done against our children and grandchildren, turn the tide on our irresponsible stewardship and build momentum for a future where humanity can once again live in harmony with nature," he said.3. Mass biodiversity loss would slash global credit ratings, report warns

Wimbledon open for business, not quite as usual

Wimbledon Wimbledon open for business, not quite as usual View towards Court No.1 before the start of play on the first day of the 135th Wimbledon Championships. Photo: Neil Hall/EPA Published 52m ago Share By Martyn Herman LONDON, June 27 (Reuters) - The world's most famous queue began streaming into the All England Club on Monday as the gates opened at the start of the 135th edition of the Wimbledon championships. Story continues below Advertisement The quintessential English sight of thousands of tennis fans waiting patiently, often having camped overnight, to gain entry to the grounds has been missing since 2019. Covid-19 put paid to Wimbledon in 2020 and last year the queue was scrapped on safety grounds as the tournament returned to semi-normality, albeit with restricted attendances and players based in secure hotel bubbles. Although all that makes Wimbledon such a spectacle has returned, it is not quite business as usual despite the buzz around the grounds as the gates swung open at 0900GMT on a breezy morning in south west London. More on this For a start, Roger Federer, the king of the lawns with a record eight men's singles titles, is absent for the first time since winning the junior event in 1998. Where Champions are born, and historic tales told. The next 100 years, about to unfold. - Wimbledon (@Wimbledon) June 26, 2022 The 40-year-old Swiss is recovering from a knee injury and has not played since losing to Poland's Hubert Hurkacz in the quarter-finals a year ago. Also missing is men's world number one Daniil Medvedev after organisers banned Russian and Belarusian players in response to the invasion of Ukraine while women's defending champion Ash Barty has retired. Story continues below Advertisement The ban on Russians and Belarusians prompted the ATP and WTA to take away ranking points from Wimbledon this year. Play is also scheduled for 14 days, rather than the traditional 13, with middle Sunday no longer a rest day, meaning the end of so-called Manic Monday when all the

South Africans would rather pay for mobile data than use public Wi-Fi

South Africans would rather pay for mobile data than use public Wi-FiMyles Illidge 27 June 2022SubscribeCommercial Wi-Fi services launched in South Africa, such as those from Telkom, Mweb, and VAST Networks, ultimately fail, primarily due to improved mobile data speeds and missed opportunities.MyBroadband spoke to Vox Telecoms’ Wi-Fi product manager, Craig Blignaut, to find out why such services failed.Blignaut explained that providers don’t necessarily monitor and update their services as well as they should and that improvements to mobile data services have made them affordable and often faster than commercial Wi-Fi services.“The cost and reach of mobile data has become more affordable, steering users away from public Wi-Fi networks that are limited to a specific area and remain costly,” Blignaut said.“Users use their mobile phone data as ‘hotspot’ rather than going through a tedious process of registering on a public Wi-Fi provider site.”Blignaut said although free Wi-Fi appeals to consumers in South Africa, it often doesn’t work well or is difficult to access.“People want free Wi-Fi that works well and easily, which is not always the case with commercial Wi-Fi offerings,” he said.“If these services are not managed and serviced correctly, they may not be working properly or efficiently, therefore, causing frustration and wasting time for users.”“Too many questions and details are often requested, and so many times it’s simply easier to use mobile data,” he added.Blignaut also said that commercial Wi-Fi providers didn’t make the best use of the information users supply when connecting to the service.“Valuable information captured, which could be used for reporting and marketing, is not utilised to the full extent,” he said.“This leads to the Wi-Fi service being a pure cost and not generating revenue as it could be.”However, it should be noted that there are

Amazon Marketplace to launch in South Africa. Should Takealot be worried?

Amazon Marketplace to launch in South Africa. Should Takealot be worried?27 JunAs always, I endeavour to report to you any update on Amazon’s plans to break new ground in South Africa . There have been so many years of whispers and they seemed to have surfaced again. Big thanks to my colleague at Start My Car, who shared this article with me, so that I could share it with you. “Amazon plans to launch an online marketplace in South Africa as part of a global expansion in the coming year. Leaked documents seen by Business Insider (paywalled) show the retail giant plans to expand at least five new territories in the coming year including Belgium, Chile, Colombia, Nigeria, and South Africa. Amazon’s launch plans for South Africa â€" codenamed ‘Project Fela’ â€" shows the company expects to launch its marketplace in South Africa in February 2023. This will include its own marketplace and the launch of the Prime membership programme. The country also plans to launch in Nigeria in April 2023 under the same project codename. In January 2022, MyBroadband reported that Amazon was shopping around for warehouse space in South Africa. Amazon did not comment about its plans for the warehouses, but industry speculation suggested that it was looking to launch online shopping services. However, MyBroadband has since learned that Amazon has secured warehouse space in South Africa and is now in discussions with courier companies and local fast-moving consumer goods (FMCG) retailers. Amazon faces competition in the online shopping space, most notably from Naspers-owned Takealot. Takealot also owns delivery service Mr D and online fashion store Superablist under its local umbrella. In its results published in November, the group grew revenues by 36%, while trading losses decreased to near breakeven with a trading loss of $2 million (R31 million). Mr D Food, delivered strong results with order volumes growing 88% as consumer spending shifted from

Business Analyst at RecruiTech - KwaZulu -Natal Durban North

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Mahikeng community calls on police to investigate the selling of body parts in the area - Breaking news, special reports, wo

Mahikeng community calls on police to investigate the selling of body parts in the area 27 June 2022, 3:00 PM | A crime scene cordoned off. Image: Unsplash@ DavidvonDiemar A crime scene cordoned off. The community of Mahikeng in the North West has called on police to intensify investigations into the selling of body parts. This comes after the body of Baitibadi Maduna (42) was found in bushes in the Dithakong East area recently. Some of her body parts were missing. The body of her 48-year-old partner, Macdonald Stevens was found nearby. Stab wounds The lifeless bodies of Stevens and his girlfriend Maduna were found in the bushes in Dithakong East village last week Sunday and Tuesday, respectively. They both had stab wounds, and Steven’s taxi was stolen. Families of the deceased are distraught and are on a quest for justice. Maduna’s daughter, Phemelo Mokaila says her mother was a bubbly person, energetic and outspoken person. "She never bottled things in her hearts. When she didn’t appear at work for two days that is when we knew that something was wrong because she loved her work. Stevens’ aunt, Jeanette Stevens wants justice to be served. "They must not take in these suspects, only to let them go. We must not see lenient sentences because that will lead to their early release while our children, our son, Sonnyboy is underground. We don’t blame people who take matters into their own hands, this is painful. Traumatised This gruesome murder traumatised the community members who now fear for their lives. "We are scared. We don’t even know if we are safe. We would love police to increase their presence, says one commuity member. "We are shocked. We never see these types of gruesome killings in our area, said another. Residents suspect that Maduna’s body parts might have been sold. They have called on relevant authorities to investigate the alleged trading of body parts. Ward Councillor Mbali Phetha says they would like for the government to inv

PODCAST - Which ‘buy now pay later’ model is best for SA?

The different ways in which “buy now pay later” (BNPL) is being applied in SA’s retail landscape is the focus of this edition of Business Day Spotlight. Host Mudiwa Gavaza is joined by Craig Newborn, CEO of PayJustNow.  Co-founded by Newborn in 2019, PayJustNow is one of SA’s largest BNPL players, with more than 300,000 customers. Join the conversation:  BNPL providers allow shoppers to pay a small upfront amount for their online purchases, receiving the goods and then paying the rest off in a series of equal instalments with no interest. The model has been applied for about eight years in places such as the UK and Australia, where it has more than 11-million users. Prosus, through its financial technology unit PayU, has invested in the business model, particularly in India. Proponents like Newborn say the service is a strong factor in helping to boost e-commerce adoption by hesitant consumers. Earlier in June, technology giant Apple put its weight behind BNPL saying it was entering the market through its payments platform Apple Pay, specifically for online shoppers.  Newborn says this move by Apple has brought a lot of attention and credibility to the industry. He anticipates that this will be a driver for greater adoption in future.  In SA’s relatively small e-commerce market PayJustNow competes with companies such as PayFlex and Checkid. Topics of discussion include the following: PayJustNow’s journey as a business; the growth of BNPL in SA and other parts of the world; debt culture in SA; the growth of online retail spurred on by Covid-19; consumer trends in BNPL; the use of short-term credit options in physical retail; and an outlook of how the space is likely to evolve over time.  While most BNPL has tended to be focused on online retail, PayJustNow has differentiated itself by also offering an in-store service, which Newborn says is also gaining traction. With more than 90% of retail in SA still taking place at physical location

Three-day expo for niche markets held at local convention centre

The longest-running and first market multi-sectoral trade show, the South African International Trade Expo (Saitex) officially opened its doors for a three-day annual expo at Gallagher Convention Centre, Midrand. After a two-year hiatus due to the Covid-19 pandemic, the Trade Expo returned on June 19 to 21 with a workshop themed ‘redefining natural beauty trends and how much they impact your business.’ Sjarn Swart, a representative of Pulse Communication, said Saitex facilitates tangible international and local trade relationships, whilst providing a platform for the private sector to demonstrate the innovations, solutions, and services they have to offer Africa. "The exhibition features retail products such as electronics and home appliances, homeware, cosmetics and household products, and building materials and tools, said Swart. These small businesses range from manufacturing furniture, health and beauty products, hair products, computer equipment, arts and crafts, and textile products. The key themes discussed at the event were stakeholder engagement, SMMEs’ access to finance, how technology can drive recovery, women in trade, capacity building and country insight from SMMEs. During the workshops, small businesses could interact with industry experts regarding the growth and development of their businesses. The panel of speakers included director of Amka Hair Care Products Connie Mashaba, founder of Jabu Stone hair products Jabu Stone, and chief operating officer of Get2Natural Nosihle Dlamini. These influential individuals have one thing in common - contributing to the growth of the South African economy and understanding their niche market which has made them sustainable and relevant in the hair products industry. Small businesses were informed about the best use of authentic brands and how they should identify the best products suitable for their customers. Mashaba, who is also a hair manufacturer, urged salon owners to always put their customers first and be tra

The 4 pillars of a thriving business

Article provided by TechZoo Corporation Is your business thriving or do you need to resuscitate it? Let us take a look at four pillars with Elan Lea from Techzoo corporation that can help you build a thriving business Elan Lea started in the music business as a singer/songwriter and then moved into the business arena with Big World Mobile. This company sold to mobile phone customers through a call centre. It was an end-to-end offering that worked with large corporates. Then he started the company, TechZoo Corporation , with some intelligent investors. This company creates and sells great fintech products. Through his experience, he has found people, marketing, scale, and execution are the four pillars of a thriving business Pillar one: people Elan Lea says "Business is done by people, not businesses. He relates a story where he and his wife went to a restaurant with friends of his. His friends had been raving about how great the food was there and it would be the best food you ever ate. Though the food was good, it wasn&rsquo;t exceptional. The reason his friends enjoyed the restaurant so much was because of the relationship they had built up with the owner. The owner of the restaurant knew what value he brought to the business by building a community with the people who lived in the area of the restaurant. Through this analogy, we can see why Elan highlights that business is done through people, not businesses because relationships are crucial to the success of your business. The way one makes people feel has an enormous effect on how someone responds to you and your business. If you are rude, then they will probably not want to do business with you or at least not in the long run. Relationships are also not limited to the client-business relationship but also the relationship between employees, employers, and business owners. Your word is your bond. What you say to people, you must deliver on. Even though you have paperwork in place so that you have recourse in the future should you

S32 - SOUTH32 LIMITED - Daily share buy back notice - 27/06/2022

SOUTH32:   4,308    0 (0.00%)  27/06/2022 04:38SOUTH32 LIMITED - Daily share buy back noticeRelease Date: 27/06/2022 08:00Code(s): S32      PDF:  Wrap TextDaily share buy back notice South32 Limited (Incorporated in Australia under the Corporations Act 2001 (Cth)) (ACN 093 732 597) ASX / LSE / JSE Share Code: S32; ADR: SOUHY ISIN: AU000000S320 south32.net SOUTH32 LIMITED DAILY SHARE BUY-BACK NOTICE The daily share buy-back notice (Appendix 3E) lodged on the Australian Securities Exchange and voluntarily disclosed on the Johannesburg Stock Exchange and London Stock Exchange has today been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism: • South32 Limited â€" Daily share buy-back notice â€" Appendix 3E About us South32 is a globally diversified mining and metals company. Our purpose is to make a difference by developing natural resources, improving people’s lives now and for generations to come. We are trusted by our owners and partners to realise the potential of their resources. We produce commodities including bauxite, alumina, aluminium, copper, silver, lead, zinc, nickel, metallurgical coal and manganese from our operations in Australia, Southern Africa and South America. With a focus on growing our base metals exposure, we also have two development options in North America and several partnerships with junior explorers around the world. Investor Relations Alex Volante Tom Gallop T +61 8 9324 9029 T +61 8 9324 9030 M +61 403 328 408 M +61 439 353 948 E Alex.Volante@south32.net E Tom.Gallop@

Prosus, Naspers To Sell More Of Tencent Shares To Fund Buybacks

Prosus, Naspers To Sell More Of Tencent Shares To Fund BuybacksByPrintNaspers CEO Bob van Dijk. Photo credit: livemintToday, Prosus and Naspers announced the start of an open-ended share repurchase programme of Prosus and Naspers shares. This programme will be funded by regularly selling small numbers of Tencent shares and is designed to efficiently unlock immediate value for shareholders and increase NAV per share over time.The programme will be active as long as the discount to NAV is at elevated levels.Prosus, the Dutch-based technology investor controlled by South Africa’s Naspers, said the programme is designed to increase net asset value per share, taking advantage of both Prosus’s and Naspers’s trading discounts to their underlying net asset value.“Today, we are announcing an open-ended share repurchase programme that is designed to unlock significant value for our shareholders over time,” Bob van Dijk, CEO of Prosus and Naspers.“We expect the programme to significantly increase the net asset values per share for Prosus and Naspers.“It will also rebalance our asset base towards our fast-growing non-Tencent assets, whose value we expect to increase over time while retaining exposure to Tencent’s significant value creation potential.“We will continue to execute our long-term strategy to build valuable consumer internet businesses to deliver sustainable returns over the long term.”Naspers and Prosus have appointed intermediaries to execute the Repurchase Programme and sale of Tencent Shares, within parameters set by the Group during open periods and subject to applicable law and regulation.The intermediaries will execute the Repurchase Programme and sale of Tencent Shares independently from, and uninfluenced by, Naspers and Prosus.The Repurchase Programme will commence immediately and is open-ended. Prosus intends to cancel the Prosus Shares repurchased by it under the Repurchase Programme in due course, so as to reduce

GLN - GLENCORE PLC - GLN: Transactions In Own Shares. - 27/06/2022

GLENCORE:   8,727    0 (0.00%)  27/06/2022 08:42GLENCORE PLC - GLN: Transactions In Own Shares.Release Date: 27/06/2022 08:15Code(s): GLN      PDF:  Wrap TextGLN: Transactions In Own Shares. GLENCORE PLC (Incorporated in Jersey under the Companies (Jersey) Law 1991) (Registration number 107710) JSE Share Code: GLN LSE Share Code: GLEN ISIN: JE00B4T3BW64 LEI: 2138002658CPO9NBH955Baar, Switzerland 27 June 2022 TRANSACTIONS IN OWN SHARES GLENCORE PLC (“Glencore”) announces today that it has purchased the following number of its ordinary shares of USD 0.01 each on the London Stock Exchange and Multilateral Trading Facilities from Morgan Stanley & Co. International Plc. Such purchase was effected pursuant to the buy-back programme as announced by Glencore on 21 February 2022: Ordinary Shares Date of purchase: 24 June 2022 Number of ordinary shares purchased: 3,060,000 Highest price paid per share: 449.45 Lowest price paid per share: 431.80 Volume weighted average price paid per share: 439.50 Glencore intends to hold the purchased shares in treasury. Following the above transaction, Glencore holds 1,467,872,776 of its ordinary shares in treasury and has 14,586,200,066 ordinary shares on issue (including treasury shares). Therefore, the total voting rights in Glencore plc will be 13,118,327,290. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. These share purchases form part of the Company's existing buy-back programme which is expected to be completed over the period from February 2022 to August 2022, details of which wer

BTI - BRITISH AMERICAN TOBACCO PLC - Transaction in own shares - 27/06/2022

BATS:   68,407    0 (0.00%)  27/06/2022 01:36BRITISH AMERICAN TOBACCO PLC - Transaction in own sharesRelease Date: 27/06/2022 08:00Code(s): BTI      PDF:  Wrap TextTransaction in own shares British American Tobacco p.l.c. Incorporated in England and Wales (Registration number: 03407696) Short name: BATS Share code: BTI ISIN number: GB0002875804 ("British American Tobacco p.l.c." or "the Company") British American Tobacco p.l.c. British American Tobacco p.l.c. 27 June 2022 TRANSACTION IN OWN SHARES British American Tobacco p.l.c. (the "Company") announces that in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 28 April 2022 it purchased the following number of its ordinary shares of 25 pence each ("shares") from UBS AG as part of its buyback programme announced on 11 February 2022: Date of purchase: 24 June 2022 Number of ordinary shares of 25 pence each 523,000 purchased: Highest price paid per share (pence): 3531.00p Lowest price paid per share (pence): 3429.50p Volume weighted average price paid per share 3479.4083p (pence): The Company intends to hold the purchased shares in Treasury. Following the purchase of these shares, the Company holds 198,393,229 of its shares in Treasury. The Company has 2,258,395,663 ordinary shares in issue (excluding Treasury shares). In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 as it applies in the UK, a schedule of individual trades carried out by UBS AG on 24 June 2022 is set out below. Enquiries: Investor Relations British American Tobacco Investor Relations Mike Nightingale / Victoria Buxton / William Houston / John Harney +44 (0) 20 7845 1180 / 2012 / 1138 / 1263 Schedule of purchases - aggregate information Daily total Daily Transaction volume (in w

Naspers, Prosus hit by earnings decline, to start selling off Tencent stake to fund share buyback

Naspers and its subsidiary Prosus will slowly be selling off parts of its stake in Chinese tech giant Tencent in order to fund an open-ended programme to repurchase its own shares. This comes as Naspers reported a 40% drop in core headline earnings to $2.1 billion, and Prosus a 23% reduction to $3.7 billion for the year ended March 31, due to "a period of slower growth at Tencent as it adapted to regulatory changes in China." Group trading profit declined by 10% to $5 billion, while it reported group revenue growth of 24% to $36.7 billion. A crackdown on technology companies in China has battered Tencent, and this in turn has weighed on Naspers and Prosus, who currently have a 28.9% stake in the company after selling 2% in 2021. Naspers share price is currently down nearly 24% since January, and fell over 35% since June 2021. The group said that like other tech companies it faced significant macroeconomic and geopolitical headwinds, leading to highly volatile capital markets in the latter part of the financial year. READ | Naspers loses R100 billion in value in a single day as Tencent woes bite "The combination of the war in Ukraine, higher inflation and rising interest rates drove up the cost of capital and increased uncertainty," it said. This combined with other factors including a decline in the valuation of tech companies globally resulted in a decline in the group’s net asset value for the first time in years. "The discount to the group's sum of the parts increased to an unacceptable level. Taking substantive action to reduce the discount is a priority." This action includes its share repurpose programme. "Prosus will begin selling small numbers of ordinary shares in Tencent Holdings Limited held by the group regularly and in an orderly manner, while concurrently purchasing Prosus shares and Naspers shares pursuant to the repurchase programme, as long as the group’s trading discount to net asset value is at elevated levels," the companies said. The programme is ex

PRX - PROSUS N.V - Disposal of JD.com shares received from Tencent Holdings Limited - 27/06/2022

PROSUS:   87,953    0 (0.00%)  27/06/2022 01:36PROSUS N.V - Disposal of JD.com shares received from Tencent Holdings LimitedRelease Date: 27/06/2022 07:05Code(s): PRX      PDF:  Wrap TextDisposal of JD.com shares received from Tencent Holdings Limited PROSUS N.V. (Incorporated in the Netherlands) (Legal Entity Identifier: 635400Z5LQ5F9OLVT688) ISIN: NL0013654783 Euronext Amsterdam and JSE share code: PRX (Prosus or the Company) DISPOSAL OF JD.COM SHARES RECEIVED FROM TENCENT HOLDINGS LIMITED Shareholders are advised that on 23 December 2021, the board of directors of Tencent Holdings Limited (Tencent), declared a special interim dividend in the form of a distribution in specie of Class A ordinary shares (the JD.com shares) of JD.com, Inc. (JD.com), a company whose American depositary shares are listed on NASDAQ Global Select Market (stock symbol: JD, ISIN Code: US47215P1066) and whose shares are listed on The Stock Exchange of Hong Kong Limited (HKEx) (stock code: 9618), representing a majority of the JD.com shares held by Tencent (the JD.com in specie distribution). Prosus, through its subsidiary MIH TC Holdings Limited, received 131 873 028 JD.com shares under the JD.com in specie distribution, representing a c.4% effective interest in JD.com. JD.com is a leading supply chain-based technology and service provider. Its e-commerce business includes online retail and online marketplace. In the online retail business, JD.com acquires products from suppliers and sells them directly to customers primarily through JD.com mobile apps and websites. In the online marketplace business, third-party merchants sell products to customers primarily through JD.com mobile apps and websites. As JD.com does not form part of the group’s core strategic focus and the JD.com shares were received by the Prosus group as a result of the JD.com in specie distribution, the Prosus group implemented an orderly disposal of the JD.com shares on the open market. The J

NPN - NASPERS LIMITED - Final cash dividend declaration and distribution of integrated annual report 2022, notice of virtual

NASPERSN:   191,277    0 (0.00%)  27/06/2022 08:42NASPERS LIMITED - Final cash dividend declaration and distribution of integrated annual report 2022, notice of virtual AGMRelease Date: 27/06/2022 08:30Code(s): NPN      PDF:  Wrap TextFinal cash dividend declaration and distribution of integrated annual report 2022, notice of virtual AGM Naspers Limited (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) JSE share code: NPN ISIN: ZAE000015889 (“Naspers” or “the company”) FINAL CASH DIVIDEND DECLARATION AND DISTRIBUTION OF INTEGRATED ANNUAL REPORT 2022, NOTICE OF VIRTUAL ANNUAL GENERAL MEETING AND PUBLICATION OF B-BBEE ANNUAL COMPLIANCE CERTIFICATE Distribution of integrated annual report and notice of virtual annual general meeting Shareholders are advised that the company’s integrated annual report (including the notice and proxy of the annual general meeting) and annual financial statements for the year ended 31 March 2022 will be available on the company’s website www.naspers.com, Monday 27 June 2022. The notice of the virtual annual general meeting was posted to shareholders, 25 June 2022, and notice is hereby given that the 108th annual general meeting of the company will be held at 14:00 on Thursday 25 August 2022, to transact business as stated in the notice of the virtual annual general meeting. Given the ongoing pandemic and related government action and regulations aimed at social distancing, the annual general meeting will be conducted entirely through electronic communications as envisaged in the Act. This notice together with the proxy form will be available on the Company’s website, www.naspers.com, as of today. Proxy forms must be lodged, for administrative purposes, by no later than 14:00 on Tuesday, 23 August 2022, alternatively presented to the Naspers company secretary prior to the commencement of the annual general meeting. The record date in orde

Gauteng ANC adjourns four-day conference without finishing all its business

JOHANNESBURG - The African National Congress (ANC) in Gauteng has just adjourned its four-day provincial conference without concluding all the business of the day. It made the call to adjourn following a marathon session of nominating delegates to become additional members of the provincial executive committee. The programme, which ran behind by days as debates over credentials ensued for at least three days, has managed to elect new leadership. Gauteng MECs Panyaza Lesufi and Lebogang Maile went head-to-head for the top post to lead the party in the province. Lesufi received 575 of the votes while Maile managed to get 543. The ANC in Gauteng now has the mammoth task of trying to curb electoral decline after holding onto power by a mere 50%. Both the NEC and PEC&rsquo;s failure to address the issue of the 14 quarantine votes sufficiently seems to be likely to haunt them once more. The issue dominated debates during the deliberation over credentials, which continued for well over three days. Now with the 14 votes set aside, some are arguing that the margins between some of the winners are simply too close and could be remedied if the quarantined votes were included in the final tally. This issue, which saw the NEC doing the unthinkable and calling for a special NEC over just five Ekurhuleni branches, is likely to reach the ANC&rsquo;s highest decision-making body in between conferences yet again. Gauteng is the fourth province to hold a conference this year, all this as it prepares for the way towards December 2022. Meanwhile, the ANC in Gauteng will hold a media briefing on Monday afternoon to introduce its new top five.

Weak capital markets causing turmoil for potential new listings

Southern African fast-moving consumer goods services company CA Sales Group&rsquo;s (CA&amp;S) debut on the JSE&rsquo;s main board today could be a prelude to substantially more listings in the second half of this year, although much will depend on market conditions. There were eight new listings on the JSE last year, and this year there have only been two others: the secondary listing of Southern Palladium this month and the listing in March of aReit, a hospitality and medical focused leasehold property group. By contrast, there were 25 delistings last year due to mergers and acquisitions, but many companies also cited the high administrative and financial burden of maintaining a listing among their reasons for delisting. Some of the companies that have announced plans, but no dates, to list on the JSE are Barloworld&rsquo;s separate listing of Avis Budget Southern Africa, Rand Merchant Investment Holdings&rsquo; plans to list short term insurer Outsurance, Brait wants to list Premier Foods, Telkom&rsquo;s plan to separately list its towers business Swiftnet, African Bank, Fidelity Security, Sedibelo Resources, Coca-Cola Africa, Big-Tree Copper in the Northern Cape and the biopharm and wellness product group Cilo Cybin. The JSE has acknowledged the issue, with, for instance JSE chairman Nonkululeko Nyembezi saying in the latest annual report they are concerned about the delisting trend and slow listings environment. She said globally most IPOs have been technology stocks and South Africa&rsquo;s operating environment appears not to be conducive to technology listings. "Significant policy reforms and a step-change in economic growth remain the most potent tools to grow the market, she said. However, weakening capital markets, locally and globally, the result of rising costs and interest rates, slowing growth and the war in Ukraine, have also put a break on some of the new listings this year. On Friday morning the JSE All Share Index was trading 11.4 percent lowe

Naspers reports strong digital growth - announces share repurchase programme

Naspers reports strong digital growth â€" announces share repurchase programmeStaff Writer 27 June 2022SubscribeMedia and internet firm Naspers on Monday (27 June) reported strong revenue growth with profitability in core operations for the year ending March 2022, led by the group’s e-commerce portfolio which delivered revenue growth of 49% to $10.7 billion.Group trading profit reduced 10% to $5 billion, reflecting investment to expand the market opportunity for each segment and strengthen the customer ecosystems of our businesses.Core headline earnings were $2.1 billion, a reduction of 40% which reflects ongoing investment in the e-commerce portfolio and a period of slower growth at Tencent as it adapted to regulatory changes in China, Naspers said.Despite a strong operational performance across the portfolio, the group said that like many technology companies, it faced significant macroeconomic and geopolitical headwinds, leading to highly volatile capital markets in the latter part of the financial year.The combination of the war in Ukraine, higher inflation and rising interest rates drove up the cost of capital and increased uncertainty. Valuations of global peer group companies in tech and internet sectors declined sharply in recent months as the level of risk appetite reduced significantly.“These forces drove, for the first time in many years, a decline in the group’s net asset value. The discount to the group’s sum of the parts increased to an unacceptable level.”To navigate these turbulent times Naspers said it will prioritise capital towards supporting its existing businesses and prudent balance sheet management, sustaining adequate financial liquidity.The group said it invested $6.2 billion to increase its stakes in existing investments and in new assets where it sees a substantial opportunity for future value creation. “This investment was weighted largely to the first half of the year, in our Food Delivery and Edtech segments.”Tak

How South Africa’s top mobile app development company tripled its business

How South Africa&rsquo;s top mobile app development company tripled its business Partner 27 June 2022 Subscribe Codehesion tripled its revenue in two years using a simple strategy - partner with MyBroadband to produce weekly content marketing and social media promotions. Codehesion is South Africa&rsquo;s premier mobile app development company which has built some of the country&rsquo;s top Android and iOS apps. The company now boasts many local and global firms as its clients, including Peermont, SFX, Midstream Estate, ISP Mind the Speed, and others. When Codehesion CEO Hector Beyers founded the company six years ago, he partnered with MyBroadband to build brand awareness and sign up new clients. MyBroadband&rsquo;s marketing team helped Codehesion to launch highly effective content marketing campaigns. These campaigns included three core components: Sponsored articles on MyBroadband and BusinessTech. Targeted social media campaigns on Facebook, LinkedIn, and Twitter. Newsletters targeting MyBroadband and BusinessTech readers. The results were exceptional. Codehesion generated millions in business in the first two years, and the company quickly became known as the best mobile app development company in South Africa. Over the last two years, Codehesion doubled down on this marketing strategy with equally impressive results. Over the past year, 19,000 IT decision-makers visited Codehesion&rsquo;s website to look at what the company offers. These visitors translated into numerous high-value qualified leads, which Codehesion converted into millions in sales. The image below provides an overview of the success of Codehesion&rsquo;s content marketing strategy over the past year.

Are you ready to harness your entrepreneurial power, creating a paradigm shift for your brand and business? START HERE - www

Are you ready to harness your entrepreneurial power, creating a paradigm shift for your brand and business? START HERE &gt;&gt;&gt; www.jomartin.com Editor - June 27, 2022 Are you ready to harness your entrepreneurial power, creating a paradigm shift for your brand and business? START HERE &gt;&gt;&gt; www.jomartin.com Supporting You, The Entprereneur I am an intuitive Communications Professional with extensive and diverse experience across communications, change management, learning &amp; organisational development, public relations and marketing. I am also a successful businesswoman with a strong desire for personal growth, transformational change and inspired living in both my personal and professional life. I believe every entrepreneur is inherently deserving of strong, compassionate and exceptional support and leadership to help them achieve their full potential. I know first-hand the courage and commitment it takes to live your best life and to show up unreservedly for yourself and your clients. I am all about supporting you to create and grow the business of your dreams. A business beyond any doubts and uncertainty about the unknown and road not-yet traveled. A business with infinite possibilities and unquestionable purpose. #publisher who helps Innovators, Change Makers and Entrepreneurs who are ready to radically up-level their business, cashflow and marketing impact. BEST SELLER Author programs. WRITE YOUR BOOK IN 60 DAYS. About Editor

Naspers-owned Prosus selling Tencent stock to buy back own shares

Naspers-owned Prosus selling Tencent stock to buy back own sharesMyles Illidge 27 June 2022SubscribeNaspers and Prosus have announced a share repurchase programme, where it will sell a portion of the group’s Tencent Holding shares to buy back its own stock.The repurchase programme will be funded by the on-market sale of Tencent shares held by the group, and the group’s CEO, Bob van Dijk, said the programme is expected to increase the value of the group’s shares.“Today, we are announcing an open-ended share repurchase programme that is designed to unlock significant value for our shareholders over time,” van Dijk said.“We expect the programme to significantly increase the net asset values per share for Prosus and Naspers.”“It will also rebalance our asset base towards our fast-growing non-Tencent assets, whose value we expect to increase over time while retaining exposure to Tencent’s significant value creation potential,” he added.The repurchase process will begin with Prosus selling a small amount of ordinary Tencent shares while purchasing Naspers and Prosus shares in parallel.“Tencent is supportive of the withdrawal by Prosus of its voluntary restriction on the sale of its Tencent Shares,” the group added.The group has appointed intermediaries to execute the sale and repurchase of shares independently from and uninfluenced by Naspers and Prosus.It received authorisation from Naspers and Prosus shareholders for the repurchase programme during meetings held on 24 and 25 August 2021.Shareholders granted the authorisation for a maximum period of 18 months from the date of the meeting. The group said it would request similar permission during its 2022 Prosus Annual General Meeting.The company may repurchase nearly 265 million Prosus shares (currently worth R233 billion) at a price the group said could not be lower than the nominal value of the shares and not higher than the opening price on Euronext Amsterdam on the

PRX - PROSUS N.V - Distribution of annual report 2022 and notice of hybrid annual general meeting and cash dividend - 27/06/

PROSUS:   87,953    0 (0.00%)  27/06/2022 08:43PROSUS N.V - Distribution of annual report 2022 and notice of hybrid annual general meeting and cash dividendRelease Date: 27/06/2022 08:30Code(s): PRX      PDF:  Wrap TextDistribution of annual report 2022 and notice of hybrid annual general meeting and cash dividend PROSUS N.V. (Incorporated in the Netherlands) (Legal Entity Identifier: 635400Z5LQ5F9OLVT688) ISIN: NL0013654783 Euronext Amsterdam and JSE share code: PRX (“the company”) DISTRIBUTION OF ANNUAL REPORT 2022, NOTICE OF HYBRID ANNUAL GENERAL MEETING AND CASH DIVIDEND DECLARATION Distribution of annual report 2022 and notice of hybrid annual general meeting Shareholders are advised that the company’s annual report (including consolidated annual financial statements) for the year ended 31 March 2022 will be available on the company’s website, www.prosus.com, this morning, Monday, 27 June 2022. Notice is hereby given that the annual general meeting of the company will be held at 14:00 (Central European time) on Wednesday, 24 August 2022, at the offices of ABN AMRO Bank N.V., Gustav Mahlerlaan 10, 1082 PP Amsterdam, the Netherlands (that may be subject to applicable restrictions on in-person visits). We will, in any event, ensure virtual access to the annual general meeting in a manner consistent with the arrangements for a virtual meeting. Virtual participation will be subject to our terms and conditions for general meetings. Shareholders can attend and vote at the meeting on all resolutions virtually via the internet at www.abnamro.com/evoting and if they wish, vote in real time online. Holders of shares registered in Prosus’s shareholders register (or their authorised representatives) who wish to attend the annual general meeting and/or to vote must apply via www.abnamro.com/evoting not later than Wednesday, 17 August 2022, at 17:30 CET. The notice of the hybrid annual general meeting, including the

Naspers Announces The Disposal of Close To R63 Billion Of JD.Com Shares

PrintNaspers. Image source: livemintSouth Africa’s internet behemoth Naspers announced today it has sold close to $4 billion or R63 billion worth of stock in JD.com that it received as dividends from investee Tencent. Tencent is China’s largest social media company.Naspers said its subsidiary Prosus, though its unit MIH TC Holdings sold  131.8 million shares in JD it got from Tencent, representing 4% shareholding in the Chinese retailer.JD.com is a leading supply chain-based technology and service provider. Its e-commercebusiness includes online retail and online marketplace. In the online retail business, JD.comacquires products from suppliers and sells them directly to customers primarily throughJD.com mobile apps and websites. In the online marketplace business, third-party merchants sell products to customers primarily through JD.com mobile apps and websites.“As JD.com does not form part of the group’s core strategic focus and the JD.com shares were received by the Prosus group as a result of the JD.com in specie distribution, the Prosus group implemented an orderly disposal of the JD.com shares on the open market,” said Naspers.“The JD.com shares were sold through an on-market orderly sales process comprising of a number of separate sales over time.”The disposal of the shares was not subject to any conditions precedent and concluded on 24 June 2022.Naspers netted an aggregate proceeds of approximately $3.67 billion were realised through the disposal.Â

Tencent slides on Prosus sale plan

Tencent slides on Prosus sale planHome » Sections » Investment » Tencent slides on Prosus sale planTencent slides on Prosus sale planFacebook Twitter LinkedIn WhatsApp Telegram EmailShares of Chinese Internet gaming and social media giant Tencent Holdings gave up early gains to fall as much as 2.5% to HK$374.60 in the early afternoon, after Prosus and Naspers said they would gradually sell shares in the firm.Tencent stock surged as much as 4.2% in morning trade to HK$400.20, its highest since 9 June, before sliding in the afternoon. The stock last traded down 1.3%, the third biggest percentage decliner in the Hang Seng Tech Index.The Hang Seng Tech Index rose 2.1% and the benchmark Hang Seng Index surged 2.3%.Dutch technology investment company Prosus and its controlling shareholder, Naspers of South Africa, said on Monday they intend to sell down their enormous stake in Tencent to fund a share purchase programme.Naspers, which holds 28.78% stake in Tencent through Amsterdam-listed subsidiary Prosus, posted a 16% drop in full year profit as it reinvested its earnings into other businesses and as the contribution from its shareholding in Tencent dropped after a stake sale last year.  â€" Donny Kwok, (c) 2022 Reuters

Naspers-owned Prosus to sell more of Tencent

Naspers-owned Prosus to sell more of TencentHome » Sections » Investment » Naspers-owned Prosus to sell more of TencentNaspers-owned Prosus to sell more of TencentFacebook Twitter LinkedIn WhatsApp Telegram EmailTencent’s headquarters in Shenzhen, ChinaProsus, the Dutch-based technology investor controlled by South Africa’s Naspers, on Monday reported a 20% fall in its core headline earnings, a non-standard measure, for its financial year and also announced a major share repurchasing programme.The company plans to release its profit and loss figures later in the day.The core headline earnings of the financial year ended 31 March came in at US$3.7-billion, compared to $4.9-billion reported a year ago.“The macroeconomic and severe geopolitical challenges in the second half of the year have presented significant headwinds,” chief financial officer Basil Sgourdos said in a statement.Prosus and Naspers said they were launching an open-ended share repurchasing programme, under which they would sell down the massive 28.9% stake Prosus holds in Chinese software giant Tencent, owner of WeChat, worth more than $100-billion.They also announced the sale of a stake in Chinese e-commerce company JD.com, which had been distributed to owners of Tencent, raising proceeds $3.7-billion.The core headline figures were in line with indications the company had given in a 15 June trading statement saying it expected underlying profit to fall by 14% to 21% due to higher investment costs in the e-commerce companies it operates and lower dividends from investments such as Tencent.  â€" (c) 2022 Reuters

Naspers to narrow discount by open-ended Tencent sales and stock buybacks

Africa’s largest listed investment group, Naspers, says it and consumer internet arm Prosus will tackle their share discount through an open-ended share buyback process, fuelled by the steady sale of shares in Chinese media giant Tencent. Naspers holds its about 29% stake in Tencent, worth more than R2-trillion, through Amsterdam-based Prosus, saying on Monday it is seeing opportunity to narrow the discount at which its shares trade, which recently reached “unacceptable levels”. The valuations of global peer group companies in tech and internet sectors declined sharply in recent months as the level of risk appetite reduced significantly amid Russia's invasion of Ukraine and fears of further regulatory crackdowns in China. Considered among the most successful investments anywhere, the Tencent holding has long presented Naspers with a “problem” of how to close a valuation gap that means the markets ascribe virtually no value to the rest of the company’s businesses. Tencent is supportive of the withdrawal by Prosus of its voluntary restriction on the sale of its Tencent shares, Naspers said on Monday, also anticipating that the number of Tencent shares that will be sold per day will represent a small percentage of average daily traded volumes. “We expect the programme to significantly increase the net asset values per share for Prosus and Naspers,” group CEO Bob van Dijk said. “It will also rebalance our asset base towards our fast-growing non-Tencent assets, whose value we expect to increase over time, while retaining exposure to Tencent’s significant value creation potential,” he said. On June 24, Prosus had a net asset value of $174bn (R2.75-trillion), while it was valued at only R1.82-trillion on the JSE, a discount of about a third. gernetzkyk@businesslive.co.za Would you like to comment on this article or view other readers' comments? Register (it’s quick and free) or sign in now. Please read our Comment Policy

How Afrocentric ‘captured’ state-funded medical aid schemes

Pretoria - Healthcare giant Afrocentric Group has allegedly captured the government-funded medical aid schemes through officials who gave its subsidiaries unfettered powers to adjudicate and irregularly award multimillion tenders to their sister companies. According to official documents, insiders and other industry sources, the alleged capture, which started with a R600 million multivitamins dodgy contract issued by the Government Employees Medical Aid Scheme (GEMS) in December last year, has now moved to the police medical aid scheme, Polmed. At the centre of the alleged capture are Afrocentric subsidiaries Activo Health, a pharmaceutical company, Medscheme, an operational and management services provider, Pharmacy Direct, which distributes medication, and Script Pharm. The Pretoria News can today reveal that Activo Health was also irregularly awarded a R350m contract to supply multivitamins by Polmed in December, in violation of the scheme’s own procurement rules and regulations. The contract was awarded for R310 per package over five months. Polmed also paid R40 per package in courier services. Polmed is a registered medical scheme for SAPS employees and has over 175 000 members. According to Polmed’s latest annual report, the medical aid provided health benefits to more than 500 000 members by 2021 and recorded contributions of over R10 billion in the 2018/2019 financial year. The Pretoria News reported last month that GEMS had awarded its multivitamins contract to Activo Health through the quotation system, in breach of the scheme’s regulations and procurement policies. As it was the case with the GEMS contract, adjudicated by MedScheme, the Polmed tender was allegedly adjudicated by Script Pharm, another Afrocentric-owned company, on behalf of Polmed. It was awarded to Activo Health, while Pharmacy Direct scored the distribution part of the deal. This has prompted the Black Pharmaceutical Industrial Association (BPIA) to lay a complaint with the Competition Comm

Gauteng ANC adjourns four-day conference without finishing all its business

It made the call to adjourn following a marathon session of nominating delegates to become additional members of the provincial executive committee.The programme, which ran behind by days as debates over credentials ensued for at least three days, has managed to elect new leadership.Gauteng MECs Panyaza Lesufi and Lebogang Maile went head-to-head for the top post to lead the party in the province.Lesufi received 575 of the votes while Maile managed to get 543.The ANC in Gauteng now has the mammoth task of trying to curb electoral decline after holding onto power by a mere 50%.Both the NEC and PEC’s failure to address the issue of the 14 quarantine votes sufficiently seems to be likely to haunt them once more.The issue dominated debates during the deliberation over credentials, which continued for well over three days.Now with the 14 votes set aside, some are arguing that the margins between some of the winners are simply too close and could be remedied if the quarantined votes were included in the final tally.This issue, which saw the NEC doing the unthinkable and calling for a special NEC over just five Ekurhuleni branches, is likely to reach the ANC’s highest decision-making body in between conferences yet again.Gauteng is the fourth province to hold a conference this year, all this as it prepares for the way towards December 2022.Meanwhile, the ANC in Gauteng will hold a media briefing on Monday afternoon to introduce its new top five.

Mbeki will deliver inaugural Lecture for late former Zambian President Kenneth Kaunda - Breaking news, special reports, worl

Mbeki will deliver inaugural Lecture for late former Zambian President Kenneth Kaunda 27 June 2022, 9:49 AM | Image: Reuters Former President, Thabo Mbeki. Former President Thabo Mbeki will on Thursday deliver an Inaugural Lecture on the late former Zambian President Kenneth Kaunda . Kaunda contributed immensely to South Africa’s transition to democracy in 1994. Mbeki, a fierce champion of Africa’s Renaissance, is expected to focus his remarks on the state of the continent and what can be done by Africans themselves using lessons from Kaunda. The Drakensberg Boys Choir will perform for the former President before he leaves for Lusaka. Looking back at the life of Zambia’s first President: The Centre for Policy Dialogue in Zambia has announced several commemorative activities including the lecture to honour the late President Kaunda. The former Zambian President passed away on June 17, 2021. The Zambian Ministry through the National Museums Board is planning to establish Kenneth Kaunda Memorial Museum to preserve his legacy. Around 500 people are expected to attend the two-day activities to honour the late President. Share article

Naspers reports strong digital growth - announces share repurchase programme

Naspers reports strong digital growth â€" announces share repurchase programmeStaff Writer 27 June 2022SubscribeMedia and internet firm Naspers on Monday (27 June) reported strong revenue growth with profitability in core operations for the year ending March 2022, led by the group’s e-commerce portfolio which delivered revenue growth of 49% to $10.7 billion.Group trading profit reduced 10% to $5 billion, reflecting investment to expand the market opportunity for each segment and strengthen the customer ecosystems of our businesses.Core headline earnings were $2.1 billion, a reduction of 40% which reflects ongoing investment in the e-commerce portfolio and a period of slower growth at Tencent as it adapted to regulatory changes in China, Naspers said.Despite a strong operational performance across the portfolio, the group said that like many technology companies, it faced significant macroeconomic and geopolitical headwinds, leading to highly volatile capital markets in the latter part of the financial year.The combination of the war in Ukraine, higher inflation and rising interest rates drove up the cost of capital and increased uncertainty. Valuations of global peer group companies in tech and internet sectors declined sharply in recent months as the level of risk appetite reduced significantly.“These forces drove, for the first time in many years, a decline in the group’s net asset value. The discount to the group’s sum of the parts increased to an unacceptable level.”To navigate these turbulent times Naspers said it will prioritise capital towards supporting its existing businesses and prudent balance sheet management, sustaining adequate financial liquidity.The group said it invested $6.2 billion to increase its stakes in existing investments and in new assets where it sees a substantial opportunity for future value creation. “This investment was weighted largely to the first half of the year, in our Food Delivery and Edtech segments.”Tak

North West police called to intensify investigations into the sale of body parts - Breaking news, special reports, world, bu

North West police called to intensify investigations into the sale of body parts 27 June 2022, 10:32 AM | Tebogo Phakedi | @SABCNews [File photo] Crime scene do not cross tape is seen in the picture above with ambulance and police lights. Image: Pixabay [File photo] Crime scene do not cross tape is seen in the picture above with ambulance and police lights. The community of Mahikeng in the North West called on police to intensify investigations into the selling of body parts. This comes after the body of 42-year-old Baitibadi Maduna was found in bushes in the Dithakong East area recently. Some of her body parts were missing. The body of her 48-year-old partner Macdonald Stevens was found nearby. The lifeless bodies of Stevens and his girlfriend Maduna were found in the bushes in Dithakong East village last week Sunday and Tuesday respectively. They were both found with stab wounds, and his taxi stolen. According to the police, Maduna’s body was found with some body parts missing. Both their families are distraught and in a quest for justice. Phemelo Mokaila is Maduna’s daughter, while Jeanette Stevens is Macdonald Stevens’ aunt. Two suspects to appear before court over a couple’s murder in Dithakong East Village, North West: Daughter of the deceased Phemelo Mokaila says, "My mom was a bubbly person. She was very energetic. She was an outspoken person, she never bottled things in her heart. That is when we knew when she didn’t appear at work in two days we knew that something was wrong because she loved her work. Aunt to the deceased Jeanette Stevens says, "Only justice must be served. They must not take in these suspects, only to let them go. We must not see lenient sentences because that will lead to their early release while our children, our son, Sonnyboy is underground. We don’t blame people who take matters into their own hands, this is painful. This gruesome murder traumatised the community. Residents are now fearing for their lives. "We are

Takealot makes R111 million loss despite massive revenue increase

Takealot makes R111 million loss despite massive revenue increaseJan Vermeulen 27 June 2022SubscribeTakealot grew its gross merchandise value by 34% and revenue by 27%, Naspers reported in its annual results for the period 1 April 2021 â€" 31 March 2022.Naspers noted that these percentages represent growth in local currency, excluding mergers and acquisitions.Takealot’s revenue grew from $606 million (R9.6 billion) last year to $827 million (R13 billion).It recorded the same trading loss as last year, $7 million (R111), or a 1% trading loss margin.According to Naspers, the Takealot group remained near breakeven.It also reported that Takealot has over 6,000 employees and 13,428 drivers working for the company.“The Takealot Group, comprising Takealot.com, Mr D Food, and Superbalist performed well, despite the rebound in offline retail sales,” Naspers stated.“Takealot.com, our leading ecommerce platform, successfully navigated the challenges of global supply chain constraints across multiple categories, especially consumer electronics,” reported Naspers.“Takealot.com’s third-party marketplace sales continue to outpace first-party sales and accounted for 52% of total GMV.”Takealot.com delivered revenue growth of 29% for the year. This drops to 20% when measuring in local currency, excluding mergers and acquisitions.“Despite increased competitive pressure from bricks-and-mortar retailers, Superbalist, one of South Africa’s leading online fashion destinations, delivered strong revenue growth of 43% and improved its trading loss margin by almost 2 percentage points to 7% during the year,” said Naspers.“Mr D benefited from increasing awareness of online food delivery, a slower recovery of the restaurant market, and shifting consumer demand online.”Mr D Food saw a 51% increase in order volumes in the past year and grew revenue by 62%, Naspers stated.These order volumes are expected to increase next year as Pick n

Numsa shopsteward at Implats contractor has been murdered

The National Union of Metalworkers of South Africa (Numsa) said that one of its shopstewards, Mahlomola Hlothoane, was murdered at his home on Friday evening. Police have confirmed the incident, and said there have been no arrests yet.  Hlothoane was a shopsteward at Reagetswe Mining, a contractor to mining giant Impala Platinum (Implats). Numsa is currently in a standoff with Reagetswe and two other Implats contractors - Triple M Mining and Newrak - over wages. Numsa accused the three contractors of paying employees as little as a third of what Implats permanent employees are paid for the same level of work. However, the contractors denied this in a joint statement last week. Last week the Labour Court in Johannesburg granted Reagetswe Mining an interim interdict against strike action at its operations. Triple M CEO Sipho Xipu said Numsa did not pass the company's threshold for recognition, and it could therefore only negotiate wages with the Association of Mineworkers and Construction Union. READ | Implats contractor Triple M says Numsa not recognised, cannot bargain In a statement released on Sunday evening, Numsa secretary-general Irwin Jim condemned the "cold-hearted and brutal" murder of Hlothoane. "Comrade Mahlomola was a Numsa shopsteward who assisted the union by co-ordinating recruitment and mobilising workers at Implats. He was murdered on Friday night at his home in Rustenburg by two unknown gunmen," said Jim.  The union said Hlotoane's murder was the second killing of a Numsa official organising at Implats operations. The statement said Hlothoane and Malibongwe Mdazo - murdered last year - were killed "for organising workers at Implats. The union called on the South African Police Service (SAPS) to bring the killers to justice. "We demand that the SAPS must urgently find and arrest those who are responsible for this heinous crime. It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice," the statement s

GBCSA and Growthpoint launch industrial pilot rating tool

GBCSA and Growthpoint launch industrial pilot rating tool57 mins ago6 min readGrowthpoint-owned Serra Services in Meadowbrook, Germiston.The Green Building Council South Africa (GBCSA) has launched its new Green Star Existing Building Performance (EBP) Custom Industrial pilot rating tool.Sponsored by Growthpoint Properties, the pilot tool is available for all industrial properties to use.South Africa’s industrial property sector has shown positive growth year-on-year post lockdown in 2020, partly due to the rapid expansion of ecommerce which has led to increased demand for logistics and warehousing space. As we ‘build back better’, industrial buildings could play a key role in our net zero journey too.Better-managed and better-performing green industrial buildings have great potential to decrease energy and water consumption, as well as reduce waste-to-landfill production. Furthermore, warehousing and distribution centre types of buildings often have the capacity, because of their roof-space-to-energy-use ratio for solar panels, to generate more energy than the building demands, enabling them to be exporters of energy.“Industrial buildings, such as warehouses, manufacturing plants, and logistics facilities, play a key role in the smooth running of national and regional economies. It’s vital that these assets are future-proofed for the impacts of a changing climate and the rising costs of energy, water, waste, and emissions, as well as delivering a range of other benefits for their tenants,” explains Errol Taylor, head of Asset Management: Industrial at Growthpoint.Wanting to respond constructively to this market trend and to support the variations of the industrial property market, the GBCSA board gave a directive that the Green Star â€" EBP rating tool should be specifically customised for existing industrial buildings in December 2020.The GBCSA’s existing Green Star â€" EBP tool is aimed at rewarding buildings that are managed sustainab

Back at Wimbledon: Serena needed time to heal after rough 2021

Serena Williams needed to heal physically and mentally in a difficult year away from tennis due to injuries and had doubts about her comeback at one stage, the former world number one said on Saturday as she prepares to return to Wimbledon. Williams, 40, limped out of her first-round match last year at the grass court Grand Slam â€" where she has claimed seven of her 23 majors â€" after a leg injury. “I don't know. I didn't retire. I needed to heal physically, mentally. Yeah, I had no plans, to be honest. I just didn't know when I would come back. I didn't know how I would come back,” Williams said. The American has slid down to 1,204 in the rankings and needed a wild card from Wimbledon organisers the All England Lawn Tennis Club to compete in the main draw of the women's singles. She warmed up for the major, which starts on Monday, by teaming up with Tunisian Ons Jabeur in doubles at this week's Eastbourne event where the pair reached the quarterfinals before an injury to Jabeur ended their campaign. “Wimbledon is such a great place to be, and it just worked out,” Williams said. “I went into this saying I would play Eastbourne. I would never be ready for singles, I will play doubles and see how I felt. I probably could have played singles there. “But the doubles was great â€" I felt more prepared than I thought I would a month or two months or three months ago. So it was surprising, but also it's a fun time to be out there and to enjoy it. Just to be out on the court again was cool.” Williams, who has been drawn to face France's Harmony Tan in the first round, said she felt like she was injured for the whole of 2021 after Wimbledon. “Last year was tough â€" I ripped my hamstring. I don't think anyone ever wants to do that. The whole experience was rough. “From there I tried to make New York. I gave everything I could, just every day getting ready or trying to make it. But then it's like, I'm not going to make it. Hung up m

Three Impala Platinum contractors affected by NUMSA strike

Three Impala Platinum contractors affected by NUMSA strikeDineo Phoshoko | Jun 27, 2022 | Articles Featured Industry Insight Legal, Investment & Finance NewsThree contractors at Impala Platinum’s Rustenburg mining operations have been affected by a strike from members of the National Union of Metalworkers of SA (NUMSA).The contractors are Newrak Mining, Triple M Mining and Reagetswe Mining. In a joint statement, the three companies highlighted what they felt are numerous incorrect claims that have been made by the union in respect of the operations.To the extent that the strike relates to demands for union recognition, there are different circumstances applying at the three companies. AMCU is the majority union at Reagetswe and Triple M, with NUMSA representing between 16% and 26% of employees. At Triple M, NUMSA was given limited organising rights to enable them to improve their representation. However, after 14 months, they were unable to improve their representation.  In contrast, NUMSA is the largest union at Newrak and is recognised by the company. Newrak cannot offer NUMSA access rights on Impala’s property. They were however offered office facilities outside the Impala property. This offer was rejected by the trade union.Reagetswe on Tuesday won an interdict against the strike, declaring the strike unprotected and directed employees to return to work. Triple M and Newrak will be applying for interdicts during the week. “We trust NUMSA will recognise that unprotected strikes could have implications for members’ job security, and that they make the responsible decision of calling off the strike. Job security is an important issue, and the companies would like to avoid any job losses for all of their employees and the impact it would have on their livelihoods. and families. The companies are small businesses and can ill afford a loss in production. Losses this week have amounted to some R30 million,” the statement read.Clarifying false claimsThis str

Energy sector moves up a gear - Bhavtik Vallabhjee, Head: Power and Renewables, Absa Securities UK

The Purpose And VisionLONDON (Capital Markets in Africa) â€" While South Africans are understandably frustrated by the operational issues at Eskom and the impact it is having on business and quality of life, it is important to stop and appreciate that real progress is being made.Let’s be clear: What South Africa has achieved over the past decade is nothing short of remarkable.The transition from a primarily coal-based energy economy was never going to be easy and this task was made no easier with a global pandemic, constrained local financials, change in leadership at both Eskom and the top Presidency …. All in a critical 10-year period for the country.In 2010 there were around 30 Independent Power Producers (IPPs) in Sub Saharan Africa and today, in SA alone, there are approximately 112 operational and there is increased impetus to deliver additional captive power projects with the National Energy Regulator of South Africa (NERSA) greenlighting an additional 16 projects in the last 30 days.Over R200bn has been invested into the sector and, more recently, regulators are approving projects inside of 19 days for under 100 megawatts (MWs) and under 80 days for 100MW projects. Countries like Morocco and Egypt have made impressive strides in their own energy transition, but South Africa has been the clear standout from an Africa-wide perspective.While the government-led utility scale power projects have been impressive, the private sector captive projects are going to be where the real magic lies in future. There are over 4000MWs of power projects planned by the mining sector â€" power that needs to be added as a matter of urgency to ensure energy self-sufficiency to curtail the impact of load-shedding.There are several exciting projects in the pipeline where clients are integrating Environmental, Social and Governance (ESG) as well as Sustainable Development Goals into their planning â€" the recent transaction with Harmony Gold Mining is a perfect example of the innovativ

Naspers rockets on news of gradual Tencent sales to fuel stock buybacks

Shares of Africa’s largest listed investment group, Naspers, rocketed on Monday after it announced an open-ended buyback process aimed at tackling its discount, fuelled by the steady sale of shares in Chinese media giant Tencent. Naspers holds its about 29% stake in Tencent, worth more than R2-trillion, through Amsterdam-based Prosus, saying on Monday it is seeing opportunity to narrow the discount at which its shares trade, which recently reached “unacceptable levels”. In early trade shares of Naspers jumped 13.2% to R2,165, on track for its best day in about three months, while Prosus rocketed as much as 22.22%, before giving up some gains to trade 11.86% higher at R983.86. The valuations of global peer group companies in tech and internet sectors declined sharply in recent months as the level of risk appetite reduced significantly amid Russia's invasion of Ukraine and fears of further regulatory crackdowns in China. Considered among the most successful investments anywhere, the Tencent holding has long presented Naspers with a “problem” of how to close a valuation gap that means the markets ascribe virtually no value to the rest of the company’s businesses. Tencent is supportive of the withdrawal by Prosus of its voluntary restriction on the sale of its Tencent shares, Naspers said on Monday, also anticipating that the number of Tencent shares that will be sold per day will represent a small percentage of average daily traded volumes. “We expect the programme to significantly increase the net asset values per share for Prosus and Naspers,” group CEO Bob van Dijk said. “It will also rebalance our asset base towards our fast-growing non-Tencent assets, whose value we expect to increase over time, while retaining exposure to Tencent’s significant value creation potential,” he said. On June 24, Prosus had a net asset value of $174bn (R2.75-trillion), while it was valued at only R1.82-trillion on the JSE, a discount of abou

NPN - NASPERS LIMITED - Final cash dividend declaration and distribution of integrated annual report 2022, notice of virtual

NASPERSN:   191,277    0 (0.00%)  27/06/2022 08:42NASPERS LIMITED - Final cash dividend declaration and distribution of integrated annual report 2022, notice of virtual AGMRelease Date: 27/06/2022 08:30Code(s): NPN      PDF:  Wrap TextFinal cash dividend declaration and distribution of integrated annual report 2022, notice of virtual AGM Naspers Limited (Incorporated in the Republic of South Africa) (Registration number 1925/001431/06) JSE share code: NPN ISIN: ZAE000015889 (“Naspers” or “the company”) FINAL CASH DIVIDEND DECLARATION AND DISTRIBUTION OF INTEGRATED ANNUAL REPORT 2022, NOTICE OF VIRTUAL ANNUAL GENERAL MEETING AND PUBLICATION OF B-BBEE ANNUAL COMPLIANCE CERTIFICATE Distribution of integrated annual report and notice of virtual annual general meeting Shareholders are advised that the company’s integrated annual report (including the notice and proxy of the annual general meeting) and annual financial statements for the year ended 31 March 2022 will be available on the company’s website www.naspers.com, Monday 27 June 2022. The notice of the virtual annual general meeting was posted to shareholders, 25 June 2022, and notice is hereby given that the 108th annual general meeting of the company will be held at 14:00 on Thursday 25 August 2022, to transact business as stated in the notice of the virtual annual general meeting. Given the ongoing pandemic and related government action and regulations aimed at social distancing, the annual general meeting will be conducted entirely through electronic communications as envisaged in the Act. This notice together with the proxy form will be available on the Company’s website, www.naspers.com, as of today. Proxy forms must be lodged, for administrative purposes, by no later than 14:00 on Tuesday, 23 August 2022, alternatively presented to the Naspers company secretary prior to the commencement of the annual general meeting. The record date in orde

Rio Tinto to help Mongolia tackle climate change, desertification

Rio Tinto on Friday signed an agreement with Mongolia's environment ministry to address climate change and desertification issues in the country where the global miner operates the massive Oyu Tolgoi copper mine. Between 2022 and 2026, the Anglo-American miner's local unit will help the east Asian country tackle its national climate change commitments, as the region faces increasing number of natural and climate disasters, including forest fires and droughts. Oyu Tolgoi is one of the world's largest-known copper and gold deposits located in the South Gobi region of Mongolia, a land-locked nation between China and Russia prone to earthquakes and natural disasters. Turquoise Hill Resources holds a 66% stake in the mine, with the remaining 34% interest owned by the Mongolian government. Rio Tinto has a 51% stake in Turquoise and is vying for the full control of the Canadian miner.  While the global average temperature has warmed by 0.86 °C in the last century, Mongolia's average temperature has risen by 2.25 °C in the last 80 years, Rio said in a statement. Rio Tinto's local unit, the Ministry of Environment and Tourism of Mongolia will establish a joint team to develop and execute projects to tackle climate change and desertification. The team will also to an extent implement 2030 sustainable development goals.

Takealot Reports A R111 Million Trading Loss, Despite 29% Growth In Revenue

Takealot Reports A R111 Million Trading Loss, Despite 29% Growth In RevenueByPrintAtterbury - Architectural rendering of the Takealot distribution centre in Richmond ParkTakealot, the country’s largest e-commerce platform, reported today a trading loss of $7 million or R111 million, or a 1% trading loss margin, for the year to end-March 2022 similar to the 2021 financial year.The Naspers-owned retailer said it remained near breakeven.Despite increased competitive pressure from bricks-and-mortar retailers, Superbalist, one of South Africa’s leading online fashion destinations, delivered strong revenue growth of 55% and improved its trading loss margin by almost 2 percentage points to 7% during the year.Mr D benefited from increasing awareness of online food delivery, a slower recovery of the restaurant market, and shifting consumer demand online. The business grew orders and GMV 51% and 51% respectively and improved overall profitability.Also read: Takealot To Deliver Groceries In Partnership With Pick n PayNaspers-owned Takealot Group and Pick n Pay announced today that their two companies have signed a commercial services agreement which will enable customers across South Africa to buy Pick n Pay food, groceries, and liquor on a new platform on the Mr D app.This new service brings together the strengths of Pick n Pay and the Takealot Group. Pick n Pay will bring its tremendous expertise in running fresh food and grocery, its nationwide store network, and its leading Smart Shopper loyalty programme.The Takealot Group will bring its proven ability to satisfy online, its technical expertise, and its unrivalled delivery network.“This is a great day for customers.  Pick n Pay already offers an excellent on-demand grocery service through asap!. By working with the Takealot Group, customers will now be able to benefit from a bigger, better, faster, and more exciting offer.  It will be the best of Pick n Pay now on Mr D, and benefiting from Takealot Groupâ€

Cape Town City Ballet’s winter season

Cape Town City Ballet’s winter season27 Jun 2022TwitterBookings are open for Cape Town City Ballet’s winter season, which runs from 4 to 28 August 2022 at Artscape in the Opera House.The programme features a thrilling line up of Romeo and Juliet based on William Shakespeare’s classic, tragic love story and choreographed by South African ballet doyenne Veronica Paeper, alongside an invigorating new triple bill IKIGAI inspired by the Japanese concept of Purpose, Happiness and Peace.Select performances will star international guest artists, to be announced, and be accompanied by the Cape Town Philharmonic Orchestra.Following her acclaimed recent productions of Carmen and A Christmas Carol â€" The Story of Scrooge, Veronica Paeper returns to stage Romeo and Juliet for CTCB. Performed to Sergei Prokofiev’s dramatic score, William Shakespeare’s quintessential boy-meets-girl tale, follows the life course of the ill-fated, star-crossed lovers, Romeo and Juliet.The dream creative team is completed with Décor and Costume Design by Peter Cazalet and Lighting Design by Wilhelm Disbergen.Japanese philosophyIKIGAI is an invigorating triple bill inspired by the Japanese philosophy of life purpose, life happiness and life peace. Suitably depicted in those ideas are ballets by three generations of award-winning choreographers: Jií Kylián’s Falling Angels, Sir Frederick Ashton’s Les Patineurs and Kenneth Tindall’s Polarity, in collaboration with the artists of CTCB. IKIGAI will be presented from 17 to 28 August.Falling Angels (pictured right, pic: Danie Coetzee) is one of Jií Kylián’s mesmerising masterworks for eight women, bristling with the power of the female persona. Set to an hypnotic Steve Reich score and inspired by the percussive musical rituals of West Africa, Falling Angels is scintillating in its complexity and richness of movement.Choreographed by iconic British choreographer Sir Frederick Ashton and performed to m

Weak capital markets causing turmoil for potential new listings

Southern African fast-moving consumer goods services company CA Sales Group’s (CA&S) debut on the JSE’s main board today could be a prelude to substantially more listings in the second half of this year, although much will depend on market conditions. There were eight new listings on the JSE last year, and this year there have only been two others: the secondary listing of Southern Palladium this month and the listing in March of aReit, a hospitality and medical focused leasehold property group. By contrast, there were 25 delistings last year due to mergers and acquisitions, but many companies also cited the high administrative and financial burden of maintaining a listing among their reasons for delisting. Some of the companies that have announced plans, but no dates, to list on the JSE are Barloworld’s separate listing of Avis Budget Southern Africa, Rand Merchant Investment Holdings’ plans to list short term insurer Outsurance, Brait wants to list Premier Foods, Telkom’s plan to separately list its towers business Swiftnet, African Bank, Fidelity Security, Sedibelo Resources, Coca-Cola Africa, Big-Tree Copper in the Northern Cape and the biopharm and wellness product group Cilo Cybin. The JSE has acknowledged the issue, with, for instance JSE chairman Nonkululeko Nyembezi saying in the latest annual report they are concerned about the delisting trend and slow listings environment. She said globally most IPOs have been technology stocks and South Africa’s operating environment appears not to be conducive to technology listings. “Significant policy reforms and a step-change in economic growth remain the most potent tools to grow the market,” she said. However, weakening capital markets, locally and globally, the result of rising costs and interest rates, slowing growth and the war in Ukraine, have also put a break on some of the new listings this year. On Friday morning the JSE All Share Index was trading 11.4 percent lower than what i

eThekwini Municipality animal slaughter rules welcomed by religious and cultural bodies

Durban - The announcement by eThekwini Municipality that written permission from the municipality has to be obtained when animal slaughtering takes place has been welcomed by religious and cultural bodies. Moulana Syed Aftab Haider, from Ahlul Bait Foundation of SA, said the organisation did not have a problem with the written permission that needed to be obtained for the slaughter of animals as announced by the municipality. “We have Eid-al-Adha coming up in July and the significance is that a sheep, goat or a cow must be slaughtered. However, I don’t see a problem with applying for written permission for the slaughter of animals; at the end it is about hygiene and cleanliness and for the safety of our members. We have to understand that certain areas and places have their rules for getting permission to slaughter animals, even in Mecca you can’t just do as you please, you have to get permission at certain places before you slaughter animals. I would have a problem if we were being told that we can’t slaughter animals at all. That would be a problem,” he said. Dr Velaphi Mkhize, president of the Umsamo Institute, which deals with African spirituality, said the need for written permission was understandable for animal slaughter, but said there should be more engagement with people as clarity was needed. “Animal slaughter forms part of our religion and part of our culture. When a child is born, a cow has to be slaughtered after one year to appease the ancestors and to show that child has been accepted. Also when a man marries a woman, a cow has to be slaughtered, that is how we do things. “We understand if you live in an urban area that you need permission from the relevant authorities before you can slaughter animals as the slaughter of animals has to be done in a humane way and also your neighbours need to be informed,” said Mkhize. He added that a problem would arise in the event where the municipality tells residents that they canâ€

GHALEB CACHALIA: Eskom in the spotlight over Zondo commission’s SOE guidance

The Zondo state capture commission’s recommendation that the power of politicians to appoint board members of state-owned enterprises (SOEs) be diluted to avoid their recapture should not be lost to South Africans. The commission deemed it necessary to deal with the incestuous relationship that has mushroomed between the ANC and politically connected individuals and private companies, calling for “a truly independent and transparent process free from political manipulations so that the ultimate appointment made by a minister is genuinely the result of a merit-based selection process”. This as opposed to a result of political interference involving the selection and nomination of candidates residing with the relevant minister. SA entered stage 4 load-shedding at the weekend, and while we await the outcomes and recommendations of the CEO of Eskom’s round-table on electricity, it is clear that the writing is on the wall. André de Ruyter is on record as saying, “We can rail against this ‘injustice’ and say the rich world built their economies on coal and we’re not able to do the same, but the bottom line is that having a grudge against reality doesn’t help.” The scene has been set â€" counter-intuitively, paradoxically, by the CEO of a company that has within the grasp of its fleet of power stations enough generation capacity to meet the country’s needs â€" to effect a transition (some say a “just” one) to a new era, to empower a new set of beneficiaries amid a global clarion call seeded in the fertile soil of the flavour-of-the-year’s climate change agenda. Even if the cost of renewables â€" subsidies, environmental, human, conventional electricity and non-renewable costs associated with mining lithium and other minerals required for battery storage (to say nothing of the problems of disposal of expired wind turbines, batteries and photovoltaic paraphernalia) â€" are declining, the potent

Numsa representative at Implats contractor killed - Eminetra South Africa

Numsa representative at Implats contractor killedernestalonso 1 min agoNumsa has convicted the murder of a shop assistant at Implats contractor Reagetswe Mining.The National Union of Metalworkers of South Africa condemned the murder of shop steward Mahlomola Hlothoane as “cold-hearted and brutal”.The union said it was the second death of a Numsa official during Impala Platinum operations in the space of a year.Numsa is currently in a standoff with Reagetswe Mining, Triple M and Newrak over pay and recognition.The National Union of Metalworkers of South Africa (Numsa) said one of its shop stewards, Mahlomola Hlothoane, was killed in his home on Friday night.Police have confirmed the incident and said there have been no arrests yet.Hlothoane was a shopkeeper at Reagetswe Mining, a contractor of mining giant Impala Platinum (Implats). Numsa is currently in a stand with Reagetswe and two other Implats contractors â€" Triple M Mining and Newrak â€" over wages.Numsa accused the three contractors of paying employees as little as a third of what Implats permanent employees are paid for the same level of work. However, the contractors denied this in a joint statement last week.Last week, the Labor Court in Johannesburg Reagetswe Mining issued an interim injunction against strike action during its operations. Triple M CEO Sipho Xipu said that Numsa did not meet the company’s threshold for recognition, and that it could therefore only negotiate wages with the Association of Mineworkers and Construction Union.READ | Implats contractor Triple M says Numsa is not recognized, can not negotiateIn a statement issued on Sunday evening, Numsa Secretary General Irwin Jim condemned the “cold-hearted and brutal” murder of Hlothoane.“Comrade Mahlomola was a Numsa representative who assisted the union in coordinating the recruitment and mobilization of workers at Implats. He was killed Friday night at his home in Rustenburg by two unknown weapons,” Jim said.The uni

Naspers Announces The Disposal of Close To R63 Billion Of JD.Com Shares

PrintNaspers. Image source: livemintSouth Africa’s internet behemoth Naspers announced today it has sold close to $4 billion or R63 billion worth of stock in JD.com that it received as dividends from investee Tencent. Tencent is China’s largest social media company.Naspers said its subsidiary Prosus, though its unit MIH TC Holdings sold  131.8 million shares in JD it got from Tencent, representing 4% shareholding in the Chinese retailer.JD.com is a leading supply chain-based technology and service provider. Its e-commercebusiness includes online retail and online marketplace. In the online retail business, JD.comacquires products from suppliers and sells them directly to customers primarily throughJD.com mobile apps and websites. In the online marketplace business, third-party merchants sell products to customers primarily through JD.com mobile apps and websites.“As JD.com does not form part of the group’s core strategic focus and the JD.com shares were received by the Prosus group as a result of the JD.com in specie distribution, the Prosus group implemented an orderly disposal of the JD.com shares on the open market,” said Naspers.“The JD.com shares were sold through an on-market orderly sales process comprising of a number of separate sales over time.”The disposal of the shares was not subject to any conditions precedent and concluded on 24 June 2022.Naspers netted an aggregate proceeds of approximately $3.67 billion were realised through the disposal.Â

Naspers to narrow discount by open-ended Tencent sales and stock buybacks

Africa’s largest listed investment group, Naspers, says it and consumer internet arm Prosus will tackle their share discount through an open-ended share buyback process, fuelled by the steady sale of shares in Chinese media giant Tencent. Naspers holds its about 29% stake in Tencent, worth more than R2-trillion, through Amsterdam-based Prosus, saying on Monday it is seeing opportunity to narrow the discount at which its shares trade, which recently reached “unacceptable levels”. The valuations of global peer group companies in tech and internet sectors declined sharply in recent months as the level of risk appetite reduced significantly amid Russia's invasion of Ukraine and fears of further regulatory crackdowns in China. Considered among the most successful investments anywhere, the Tencent holding has long presented Naspers with a “problem” of how to close a valuation gap that means the markets ascribe virtually no value to the rest of the company’s businesses. Tencent is supportive of the withdrawal by Prosus of its voluntary restriction on the sale of its Tencent shares, Naspers said on Monday, also anticipating that the number of Tencent shares that will be sold per day will represent a small percentage of average daily traded volumes. “We expect the programme to significantly increase the net asset values per share for Prosus and Naspers,” group CEO Bob van Dijk said. “It will also rebalance our asset base towards our fast-growing non-Tencent assets, whose value we expect to increase over time, while retaining exposure to Tencent’s significant value creation potential,” he said. On June 24, Prosus had a net asset value of $174bn (R2.75-trillion), while it was valued at only R1.82-trillion on the JSE, a discount of about a third. gernetzkyk@businesslive.co.za Would you like to comment on this article or view other readers' comments? Register (it’s quick and free) or sign in now. Please read our Comment Policy

Takealot reports soaring sales as Amazon eyes South Africa

Takealot reports soaring sales as Amazon eyes South AfricaHome » Sections » E-commerce » Takealot reports soaring sales as Amazon eyes South AfricaTakealot reports soaring sales as Amazon eyes South AfricaFacebook Twitter LinkedIn WhatsApp Telegram EmailTakealot Group, which includes South Africa’s biggest e-retailer, Takealot.com, increased revenue by 27% in the past year, and remained near breakeven during the period, its parent, Naspers, said on Monday.In the year ended 31 March, Takealot Group, whose other assets include Mr D Food and Superbalist, reported a 34% improvement in gross merchandise value, or GMV â€" the total value of merchandise sold â€" and turned in a trading loss of US$7-million, in line with last year’s loss and representing a small 1% trading loss margin.Superbalist and Mr D Food grew revenues by 43% and 62% respectively.Takealot.com’s third-party marketplace sales continued to outpace first-party sales and accounted for 52% of total GMV“Mr D benefited from increasing awareness of online food delivery, a slower recovery of the restaurant market, and shifting consumer demand online. The business grew both orders and GMV by 51% and improved overall profitability,” Naspers said.Takealot.com’s third-party marketplace sales continued to outpace first-party sales and accounted for 52% of total GMV, Naspers said. Takealot.com delivered revenue growth of 20% for the year.Naspers owns 100% of Takealot Group, or 96% on a fully diluted basis.Takealot could face a meaningful challenger from next year. Last week, it emerged that US online retail giant Amazon.com plans to launch online shopping services in South Africa â€" and several other countries â€" in early 2023, potentially posing a big challenge to Takealot.That’s according to the US publication Business Insider, which cited leaked internal Amazon documents to back up its report.Project FelaThe five markets that Amazon will reportedly expand to over the ne

EIGHTFOLD SURGE IN PROFITS IN 2020 SEES SHUMANI CLINCH MAJOR BUSINESS AWARD

Shumani Industrial Equipment Shumani Industrial Equipment receives 2021 Goscor Business Unit of the Year Award following an eightfold surge in profits during 2020. An eightfold surge in profits during 2020, the height of the Covid-19 lockdown in South Africa, has seen Shumani Industrial Equipment awarded the 2021 Goscor Business Unit of the Year Award. Outstanding new equipment forklift sales, combined with a large contribution from the expanded rental equipment fleet, resulted in the exceptional results. Now the largest black-owned and managed industrial equipment supplier in South Africa, Shumani is an appointed dealer for all Goscor Group companies that import industrial equipment for the local market. It supplies world-class equipment across the breadth of the industrial and construction sectors. Brands on offer include world-leading names like Bendi, Crown, Kalmar, and Doosan in the forklift market. Construction equipment brands include Bobcat, Sany, HPower, Weima, Luthian, Ozen and Sullair. In the cleaning equipment market segment, Shumani offers Tennant, Genie, Sentinel and HighPoint. Most of the equipment supplied by Shumani is used in the stores and logistics departments of both construction and mining companies. "We offer some exciting brands in the construction and mining sectors like Sany and Bobcat. Our Crown forklift is the leading electric brand, which is tested and has proved resilient in the market, says Shumani MD Victor Nemukula. "Our key offering remains forklifts, which will lead the way in terms of growth. We think there is still a lot of scope for Shumani in the market, as we offer a one-stop shop. We believe the construction and mining sectors will offer ongoing support as we expand further, says Nemukula. While Shumani is currently headquartered in Gauteng, it has seen growth in Durban over the past two years. "We believe that supplying materials-handling equipment for port operations is the next growth area for us, reveals Nemukula. Hence it has established a regi

Rio Tinto to help Mongolia tackle climate change, desertification

Rio Tinto on Friday signed an agreement with Mongolia's environment ministry to address climate change and desertification issues in the country where the global miner operates the massive Oyu Tolgoi copper mine. Between 2022 and 2026, the Anglo-American miner's local unit will help the east Asian country tackle its national climate change commitments, as the region faces increasing number of natural and climate disasters, including forest fires and droughts. Oyu Tolgoi is one of the world's largest-known copper and gold deposits located in the South Gobi region of Mongolia, a land-locked nation between China and Russia prone to earthquakes and natural disasters. Turquoise Hill Resources holds a 66% stake in the mine, with the remaining 34% interest owned by the Mongolian government. Rio Tinto has a 51% stake in Turquoise and is vying for the full control of the Canadian miner.  While the global average temperature has warmed by 0.86 °C in the last century, Mongolia's average temperature has risen by 2.25 °C in the last 80 years, Rio said in a statement. Rio Tinto's local unit, the Ministry of Environment and Tourism of Mongolia will establish a joint team to develop and execute projects to tackle climate change and desertification. The team will also to an extent implement 2030 sustainable development goals.

Wildcat strike at Eskom set to hit economy hard

South Africa’s tentative economic growth for the second quarter has been left in tatters as Eskom ramped up its rotational power cuts to a higher level after workers downed tools at nine power stations.The struggling power utility on Friday implemented Stage 4 power cuts â€" stepped up from Stage 2 â€" throughout the weekend, due to the ongoing unprotected labour action.Thousands of Eskom employees have embarked on unprotected strike action following a deadlock in wage negotiations on Tuesday.The power utility said it was compelled to take precautionary actions to conserve emergency generation reserves as many activities at power stations had to stop, including the manual loading of coal.Eskom workers are demanding 15 percent wage increases across the board on a one-year agreement, a R1 600 increase in the housing allowance, and closing of the apartheid wage gap.There have also been reports of intimidation against some workers who reported for duty, as well as alleged attempts to force employees out of power stations.However, the Labour Court granted Eskom an urgent interdict against the wildcat strike on Friday.Eskom chief operations officer Jan Oberholzer warned that the workers' strike and acts of intimidation could possibly increase the risk of power cuts amid low reserves of water and diesel at the peaking plants.“This is an illegal strike and should any of our employees or colleagues conduct themselves in a way that is not appropriate, we will take the necessary action. We have a disciplinary process,” Oberholzer said.This is the second time Eskom has implemented Stage 4 power cuts in as many months, after the country plunged to this level on May 21 when higher than anticipated demand caused some units to trip.Eskom has been experiencing frequent breakdowns at its coal-fired generation units due to low maintenance, resulting in a low energy availability of 61 percent of the total installed capacity.Alexander Forbes chief economist Isaah Mhlanga said South Afr

Ramaphosa commends the bravery of SA citizens after release of State Capture report, COVID-19 restrictions - Breaking news,

Ramaphosa commends the bravery of SA citizens after release of State Capture report, COVID-19 restrictions 27 June 2022, 11:10 AM | President Cyril Ramaphosa addressing the nation. Image: GCIS President Cyril Ramaphosa addressing the nation. President Cyril Ramaphosa has praised the heroism of South Africans following the lifting of the last COVID-19 restrictions and the release of the State Capture Report last week. In his letter to the nation, the President describes the two events as grave crises in our national life which will in different ways change the country. He says these crises have provided the opportunity to build a society free of corruption, that is more inclusive and humane and that protects the most vulnerable. President Ramaphosa has lauded the courage and dedication of the country’s health workers and many other people on the frontlines of the pandemic who provided care, saved lives, and vaccinated millions. He has also praised those who made submissions, gave evidence and acted as whistle-blowers at the State Capture Commission for their heroism and patriotism. He says South Africans should use the opportunity to emerge from these twin crises more determined and better equipped to rebuild a new future. State Capture Report I Advocate Tembeka Ngcukaitobi gives an in-depth legal perspective: The State Capture report, according to legal analyst Mpumelelo Zikalala, has fallen short of expectations. This comes after Chief Justice Raymond Zondo handed over President Ramaphosa the final volumes, numbers Five and Six, on June 22. The Judicial Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector including Organs of State, better known as the Zondo Commission, took four years to conclude its work of investigating the capture of parastatals, parliament, as well as a few high-profile private individuals including the President, among others. It is estimated to have cost the state over R 1 billion to run the commission. Zikalala s

Save the oceans, 'Aquaman' star urges

Save the oceans, 'Aquaman' star urgesMonday 27 June 2022 - 10:10amUS actor Jason Momoa attends the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. AFP/ANGELA WEISSPORTUGAL - The star of the hit "Aquaman" film on Sunday called for the world's oceans to be protected, on the eve of a long-delayed UN conference on the issue."The ocean needs us," Jason Momoa said. "Without a healthy ocean life, our planet as we know it would not exist." "We must seek to right the wrongs we have done against our children and grandchildren, turn the tide on our irresponsible stewardship and build a moment for a future where humanity can once again live in harmony with nature."Hawaiian-born Momoa, who portrays Aquaman in the DC Extended Universe movies, was speaking at a youth gathering outside the Portuguese capital Lisbon.They were joined at the Carcavelos beach by Portugal's President Marcelo Rebelo de Sousa and the UN Secretary General Antonio Guterres, who is Portuguese.Guterres said the world was "moving too slowly" to rehabilitate the oceans. "It's time for the behaviours to be seriously condemned," he added.Guterres is on Monday due to address the UN Ocean Conference in Lisbon, co-organised by Portugal and Kenya.Originally due to take place in April 2020, the gathering was postponed in the wake of the Covid-19 pandemic. It will run through Friday.Source

Mpumalanga Sport Department embarks on a football development journey - Breaking news, special reports, world, business, spo

Mpumalanga Sport Department embarks on a football development journey 27 June 2022, 11:07 AM | Image of a soccer ball on a football pitch. Image: Reuters Image of a soccer ball on a football pitch. The Department of Culture, Sport and Recreation in Mpumalanga has embarked on a football development journey across the province. The first stop was at the Sasol Recreational Club in Secunda. 40 amateur teams from Govan Mbeki municipality in Gert Sibande District, received sports equipment that will assist them with football development in the region. Secunda, a small town built around oil refinery coal fields in Mpumalanga. A few kilometres from the town lies the Embalenhle township. This is where Sasol Juventus, a football club that caters to boys’ and girls’ development, is based. From the dusty streets, the boys managed to win the league in their under-17s category in 2018. The following year, the girls won the Absa League and were promoted to the Sasol League. Meanwhile, the senior ladies’ team just missed out in its efforts to qualify for the Hollywoodbets League. But the team’s manager is pleased with the progress. Sasol Juventus FC Manager, Elsie Modise says, "Last season, the girls won the Sasol league as well, only to lose in the playoffs. The junior team took the Absa league and three players were selected to represent Mpumalanga in Cape Town. Govan Mbeki LFA’s Bafana Sibeko says, "As a local football association, we say thank you to our teams for the effort to develop talent, hence we have managed to have three ladies players from Juventus selected to represent us in Cape Town. SAFA’s chief operations officer, Lydia Monyepao, is a former Banyana Banyana star. She knows, firsthand, what it’s like to lack support while giving your all on the field. Hence she is making a call for more companies to assist in nurturing talent. "We need to make ensure that the high-performance teams have quality players but where do they come from, they have

The wall between IT and business must come down to spark the rebound - Hypertext

More Search Home Other PROMOTED CONTENT The wall between IT and business must come down to spark the... The wall between IT and business must come down to spark the rebound WhatsApp To say that the past two years have been a challenge would be an understatement. Outside of what has happened on a personal level, looking at the business landscape there have been a number of chaotic factors at play to create a maelstrom that all organisations need to negotiate. Whether that be the shifting requirements, and now expectations as regards where and how employees work, the loss of critical skills in industries like the financial sector, as well as the constant need to understand and meet customer demands to not only stay relevant, but thrive too. To gauge what is happening in South Africa&rsquo;s different sectors, along with sharing some of its own insights as to what it is seeing and experiencing with customers, open source specialists Red Hat recently held a roundtable. Along with swapping stories, the roundtable also served as an opportunity to exchange ideas and potentially spark inspiration as to how CIOs and other executives in the business can kickstart the business rebound. In attendance at the roundtable for Red Hat was Monica Sasso , EMEA FSI (Financial Services) chief technologist, among others. The growing disconnect Explaining what she is seeing in the industry of late, Sasso opened the discussion by highlighting one of the biggest problems that remains unaddressed by organisations - the growing disconnect between the two key elements of the organisation. "As most of us know, at large companies there is often a huge wall between IT and the business, with neither party fully understanding one another. I really wanted to help bridge that divide and that is part of the reason why I am at Red Hat, she explained. It was a point widely acknowledged by those in attendance. As was the fact that without addressing this disconnect, initiatives like digital transformation will never truly c

Cabinet approves Strategic Biodiversity Draft White Paper for publication for public participation

Cabinet approves Strategic Biodiversity Draft White Paper for publication for public participationCloseSearch PolityNote: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range.To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options.With...go back to login or contact us at subscriptions@creamermedia.co.zaPlease enter the email address that you used to register on Polity.org.za. Your password will be sent to this address.Sponsored byseparate emails by commas, maximum limit of 4 addressesSponsored byCabinet approves Strategic Biodiversity Draft White Paper for publication for public participation27th June 2022ARTICLE ENQUIRY       SAVE THIS ARTICLE       EMAIL THIS ARTICLEFont size: - +/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.On 22 June 2022, Cabinet approved the draft White Paper on the Conservation and Sustainable Use of South Africa’s Biodiversity for public comment, emphasising that “South Africa's biodiversity provides an important basis for economic growth and development, and is critical to people’s livelihoods”. Despite having a range of biodiversity and sustainable use legislation and policies, biodiversity loss continues to threaten the health of ecosystems and survival of species, and results in negative impacts for livelihoods and the economy. Global change, habitat loss and degradation, invasive alien species, overharvesting, and illegal harvesting all threaten South Africa’s biodiversity. AdvertisementOver two decades since democracy, the biodiversity sector remains substantially untransformed and there is inequality in access to benefits arising from biodiversity and associated ecosystem services. Furthermore, the se

LG Accelerates Its Electric Vehicle Charger Solutions Business

LG Accelerates Its Electric Vehicle Charger Solutions Business By Print LG Electronics, LG, EV charging, AppleMango LG Electronics (LG) today announced it has acquired South Korean electric vehicle (EV) charger solutions provider, AppleMango Co., Ltd., jointly with GS Energy and GS Neotek. The acquisition is expected to accelerate the growth of LG&rsquo;s EV charging solution business and enable the company to take advantage of future business opportunities. This strategic move, combined with LG&rsquo;s own expertise and wealth of experience in both B2C and B2B segments, will enable the company to create fully-featured charging stations boasting a user-friendly interface and real-time control/management. LG continues to strengthen its EV charging solution business leveraging its exceptional digital signage technologies - specifically, its IP-rated outdoor digital display with sturdy, dust- and water-proof enclosure. Established in 2019, AppleMango has developed proprietary technologies and systems, including a slim, fast charger, to meet the rising global demand for EV charging solutions. In addition to the company&rsquo;s market-leading charging tech, LG will secure access to the necessary operational infrastructure by working closely with GS Energy and GS Neotek. Both GS companies have considerable experience in operating EV charging stations and related businesses. The new acquisition will help LG to become an integrated solutions provider, bringing together its new charger development capabilities and existing in-house-developed EV charging management system. Moreover, the move is expected to create synergy with LG&rsquo;s ongoing efforts in the area of vehicle components, including the development and supply of EV batteries and adjacent products, such as energy storage system (ESS) and energy management solutions. "The EV charging market is expected to grow rapidly due to the surging demand for more eco-friendly vehicles, said Paik Ki-mun, senior vice president of LG E

AGL - ANGLO AMERICAN PLC - Notification of transactions by Directors and PDMRs - 27/06/2022

ANGLO:   60,754    +686 (+1.14%)  27/06/2022 15:35ANGLO AMERICAN PLC - Notification of transactions by Directors and PDMRsRelease Date: 27/06/2022 15:00Code(s): AGL      PDF:  Wrap TextNotification of transactions by Directors and PDMRs Anglo American plc (the “Company”) Registered office: 17 Charterhouse Street, London EC1N 6RA Registered number: 3564138 (incorporated in England and Wales) Legal Entity Identifier: 549300S9XF92D1X8ME43 ISIN: GBOOB1XZS820 JSE Share Code: AGL NSX Share Code: ANM Notification of transactions by Directors and PDMRs The Company announces the following transactions in its Ordinary Shares, pursuant to a Non- Executive Directors’ ‘Shares in lieu of fees’ scheme. The Shares were acquired in the market using after-tax Directors’ fees in respect of their services to the Company relating to the period 1 April â€" 30 June 2022. In accordance with Article 19 of the UK Market Abuse Regulation, the relevant FCA notifications are set out below. 1. Details of PDMR / person closely associated (PCA) a) Name Stuart Chambers 2. Reason for the notification a) Position / status Chairman (Director/PDMR) b) Initial notification / Initial notification amendment 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Full name of the entity Anglo American plc b) LEI 549300S9XF92D1X8ME43 4. Details of the transaction(s) a) Description of the financial Anglo American plc Ordinary Shares of USD0.54945 each instrument Identification Code GB00B1XZS820 b) Nature of the transaction Purchase of Shares, pursuant to a Non-Executive Directors’ ‘Shares in lieu of fees’ sc

Not quite business as usual, but Wimbledon is open

DFA Not quite business as usual, but Wimbledon is open By WhatsApp The world&rsquo;s most famous queue began streaming into the All England Club on Monday as the gates opened at the start of the 135th edition of the Wimbledon championships. View towards Court No.1 before the start of play on the first day of the 135th Wimbledon Championships. Photo: Neil Hall/EPA Martyn Herman, in LONDON - The world&rsquo;s most famous queue began streaming into the All England Club on Monday as the gates opened at the start of the 135th edition of the Wimbledon championships. The quintessential English sight of thousands of tennis fans waiting patiently, often having camped overnight, to gain entry to the grounds has been missing since 2019. Covid-19 put paid to Wimbledon in 2020 and last year the queue was scrapped on safety grounds as the tournament returned to semi-normality, albeit with restricted attendances and players based in secure hotel bubbles. Although all that makes Wimbledon such a spectacle has returned, it is not quite business as usual despite the buzz around the grounds as the gates swung open at 0900GMT on a breezy morning in south west London. For a start, Roger Federer, the king of the lawns with a record eight men&rsquo;s singles titles, is absent for the first time since winning the junior event in 1998. Twitter The 40-year-old Swiss is recovering from a knee injury and has not played since losing to Poland&rsquo;s Hubert Hurkacz in the quarter-finals a year ago. Also missing is men&rsquo;s world number one Daniil Medvedev after organisers banned Russian and Belarusian players in response to the invasion of Ukraine while women&rsquo;s defending champion Ash Barty has retired. The ban on Russians and Belarusians prompted the ATP and WTA to take away ranking points from Wimbledon this year. Play is also scheduled for 14 days, rather than the traditional 13, with middle Sunday no longer a rest day, meaning the end of so-called Manic Monday when all the men&r

COVID-19 related charges against former MK Veterans spokesperson Carl Niehaus dismissed - Breaking news, special reports, wo

COVID-19 related charges against former MK Veterans spokesperson Carl Niehaus dismissed 27 June 2022, 3:40 PM | Dries Liebenberg | @SABCNews Former Umkhonto we Sizwe Military Veterans' Association spokesperson Carl Niehaus celebrates with people around him at the Estcourt Magistrate Court in Kwazulu-Natal after COVID-19 related charges were dropped against him. Image: Twitter: @niehaus_carl Former Umkhonto we Sizwe Military Veterans' Association spokesperson Carl Niehaus celebrates with people around him at the Estcourt Magistrate Court in Kwazulu-Natal after COVID-19 related charges were dropped against him. The Estcourt Magistrate Court in Kwazulu-Natal has dismissed COVID-19 related charges against former Umkhonto we Sizwe Military Veterans’ Association spokesperson Carl Niehaus. The farcical factional political COVID-19 case against me was this morning dismissed by the magistrate. Finally I am vindicated that there was never any case against me. It was only a political farce instigated by the #MinisterOfPolice , #BhekiCele . A LUTA CONTINUA! pic.twitter.com/gkVusuIPuv - Carl Niehaus (@niehaus_carl) June 27, 2022 Niehaus was charged with contravening COVID-19 regulations by convening an illegal gathering outside the Estcourt prison shortly after former president Jacob Zuma was sent to jail for contempt of a Constitutional Court (Concourt) order. The sentence followed Zuma’s failure to adhere to the Concourt’s ruling that he continue appearing before the Commission of Inquiry into State Capture. The state led evidence that Niehaus was arrested at a gathering of Zuma supporters. The defence, however, said Niehaus was there to visit Zuma in prison. NPA Spokesperson Natasha Ramkisson-Kara says, "The matter against Carl Niehaus appeared today in the Estcourt Magistrate Court. The reason for the appearance was for the court’s ruling on his application, which is a 174 discharge. The court ruled in Niehaus’ favour. Police take Niehaus away:

VIDEO: Prayer session under way for the 21 people who died at a tavern in the Eastern Cape - Breaking news, special reports,

VIDEO: Prayer session under way for the 21 people who died at a tavern in the Eastern Cape 27 June 2022, 3:31 PM | Image: SABC News People gathered in prayer. A prayer session is currently under way for the 21 people that lost their lives over the weekend, at the Enyobeni Tavern, in Scenery Park, Eastern Cape. Live proceedings below: The Council of Churches has raised questions over whether the Buffalo City Metropolitan Municipality had approved the initial structural plans for the Enyobeni Tavern. 21 young people were killed at the tavern, including teenagers between the ages of 13 and 17. Investigations are under way into the possible cause of the tragedy early yesterday morning. SACC’s General Secretary Bishop Malusi Mpumlwana, says, "There are several questions that need to be asked about the specifications and what could have happened. When you hear that there was one door for exit, how does that happen? The rule of law must apply in our society. These regulations of the EC say there must be a structural floor plan to be used for liquor trading clearly showing each room, all doors and windows and means of external and internal communication. Where was this in this place? It is not clear. Proof of approval by the relevant local municipality. Didn’t the municipality give permission for this shebeen? Share article

‘Rescue Tiger Brands’ fruit-canning factory’ - Cosatu

‘Rescue Tiger Brands’ fruit-canning factory’ â€" Cosatu11 minutes ago - by Lyse CominsE-mailPrintCosatu in the Western Cape has described the imminent closure of the Tiger Brands canning factory in Ashton as a disaster for workers, and has called on the government to intervene urgently. Cosatu provincial secretary, Malvern De Bruyn, said in a statement that the union was “shocked and disturbed” by the food producer’s decision to close the factory.“This ill-informed decision will lead to thousands of jobs being lost. That decision will also have devastating effects on the surrounding communities whose livelihoods depend on this factory. We call on Tiger Brands to review its insensitive decision and engage stakeholders, including Cosatu, to explore serious alternatives to closure,” De Bruyn said.“Cosatu calls on the Ministry of Agriculture, Land Reform & Rural Development to urgently intervene in this matter. We also call on development finance institutions, such as the Industrial Development Corporation, to urgently intervene to help prevent a pending disaster of major proportions.”De Bruyn said Cosatu would engage with its alliance partners, civil society and key stakeholders in the Langeberg area to formulate a strategy to assist the community of Ashton and residents in the surrounding areas.Cosatu has added its voice to the growing concern over the closure of the factory.Agri SA executive director, Christo van der Rheede, earlier said farmers had appealed to the government to intervene as the food manufacturer had “shocked personnel, producers and clients” by giving them notice of a 60-day consultation period regarding its intention to close the canning factory. This comes after a consortium of food producers had attempted to explore solutions to buy the factory from the Tiger Brands but found that it was between R200 million and R300 million short of the required investment to close the deal. He warned t

DSY DSBP DSY03 DSY06 DSY07 DSY01 DSY05 DSY02 DSY04 - DISCOVERY LIMITED - Secondary listing on A2X - 27/06/2022

DISCOVERY:   13,533    -172 (-1.26%)  27/06/2022 15:37DISCOVERY LIMITED - Secondary listing on A2XRelease Date: 27/06/2022 15:09Code(s): DSY DSBP DSY03 DSY06 DSY07 DSY01 DSY05 DSY02 DSY04      PDF:  Wrap TextSecondary listing on A2X DISCOVERY LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/007789/06) Legal Entity Identifier: 378900245A26169C8132 JSE share codes: DSY, DSBP DSY ISIN: ZAE000022331 DSBP ISIN: ZAE000158564 JSE bond company code: DSYI (“Discovery”) SECONDARY LISTING ON A2X Shareholders and noteholders are hereby advised that Discovery’s ordinary shares have been approved for inclusion in the list of qualifying equity securities to be traded on the A2X exchange in South Africa (“A2X”) with effect from 4 July 2022 (the “A2X listing date”). Discovery’s primary listing on the JSE Limited and issued share capital will be unaffected by the secondary listing on A2X. Discovery’s shares will commence trading on A2X from the A2X listing date. A2X is a licensed stock exchange authorised to provide a secondary listing venue for companies and is regulated by the South African Financial Sector Conduct Authority in terms of the Financial Markets Act 19 of 2012. Sandton 27 June 2022 Sponsor and debt sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27-06-2022 03:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information dissem

Prosus’s Bob van Dijk gets less pay in 2022

Bob van Dijk, head of Dutch technology investment company Prosus and its controlling shareholder Naspers of South Africa, got paid roughly 4 percent less this year with the e-commerce firm facing headwinds in the year to March. In the firm’s annual report released today, Van Dijk’s total remuneration in the year to March was $15.88 million (R252.7) from $16.6m in 2021. Basil Sgourdos, the chief financial officer, got a total remuneration of $10.12m, down from $10.48m in 2021. In the year to date, the share price of Naspers has tanked 23.84 percent, while Prosus in the year to date saw its share price fell 33.16 percent. Craig Enenstein, the chair: human resources and remuneration committee, said in the Prosus’s remuneration report for 2022 that despite a year of global turmoil and uncertainty, the past financial year had seen a solid operational performance at the group. “We have focused on building strong momentum in our e-commerce portfolio and investing in our businesses to capture the significant market opportunities that we see,” he said. The group yesterday delivered its annual results. Group revenue, measured on an economic-interest basis, grew 24 percent to $35.6 billion. The e-commerce segment revenue grew strongly, increasing 58 percent to $9.8bn. Tencent’s contribution to group revenue grew 14 percent. Prosus trading profit reduced 10 percent to $5bn. Core headline earnings were $3.7bn, a reduction of 23 percent, which reflected ongoing investment in its e-commerce portfolio and a period of slower growth at Tencent. BUSINESS REPORT

Implats to sign first ever five-year wage agreement with AMCU for Rustenburg mines

Home Top Story Implats to sign first ever five-year wage agreement with AMCU for Rustenburg...Implats to sign first ever five-year wage agreement with AMCU for Rustenburg minesByEmailIMPALA Platinum (Implats) said it had agreed a new five year wage agreement with the Association of Mineworkers & Construction Union (AMCU) for employees at the firm’s Rustenburg (Lease Area) and Marula mines.“This is the first time we have signed a five year agreement and the first time one has been signed before the previous one expires (in July),” said Johan Theron, spokesman for the platinum group metals producer.A signing ceremony has been arranged for Tuesday.There were no details on the agreement at present, but Theron indicated it was in line with wage pacts recently concluded by Anglo American Platinum (Amplats) and Siyanda Resources.Amplats’ five year wage agreement, signed on May 26, will increase the total labour cost to company 6.6% on average over the period.Northam Platinum signed a five-year agreement last year at about the 6.5% level while South Africa’s other major PGM producer, Sibanye-Stillwater, is due to begin its PGM wage negotiations on later this month.Neal Froneman, CEO of Sibanye-Stillwater, said last week that unlike peer group companies wage negotiations with unions were likely to be complicated.“I don’t think it will be quick outcome,” Froneman said. “Positional bargaining is a process, especially if you are going to achieve an inflation-related wage increase. Maybe there’s a bit more complexity with profit share which could well be the right thing for PGMs.”South African consumer price inflation hit a five-year high in May with a 6.5% increase compared to 5.9% in April 2022, said Statistics South Africa.Froneman said he believed there was little appetite for a strike among union members, especially as the memory of the 2012 strike was strong. About 750,000 ounces in production was lost over the period

Kind daughter holds the fort for food vendor business as mother attends funeral

Kind Daughter Holds the Fort at Food Vendor Business as Mother Attends Funeral, Leaves Mzansi in Their Feels Monday, June 27, 2022 at 10:53 AM by Nothando Mthembu A lady took to social media to share snaps of herself busy preparing chicken and veg as a way of helping her mother since she was away @Mpho_Mmasechaba revealed that her mother sells food on the streets so the helpful daughter often does her meal prep on Sundays She helped make her mom&rsquo;s job easier and South African users were touched by the thoughtful gesture PAY ATTENTION: Follow Briefly News on Twitter and never miss the hottest topics! Find us at @brieflyza ! A thoughtful daughter took the initiative to lighten her mother&rsquo;s load after she decided to get stuck in some of her food vendor business duties while she was away. Twitter user @Mpho_Mmasechaba shared photos of herself busy cleaning and chopping a chicken as well as images of some dough and chopped cabbage that she had prepared for her mother. A lady decided to help her mother, who runs a food vendor business, while she was away. Image: @Mpho_Mmasechaba/Twitter Source: Twitter She revealed that her mother sells food on the streets as a way to make money. However, since the mother was away attending a funeral over the weekend - meaning little to no time for her to prepare and cook food to sell for the coming week - she climbed in to assist. Halala: Gorgeous Mzansi babe celebrates paying off car &amp; finally being debt free "This is what she does on Sundays, preparing for Monday. She&rsquo;s never taught me how to cut chicken but I&rsquo;ve always watched how she does it. She&rsquo;s on her way back and she thinks the first thing when she gets back is she&rsquo;ll have to cut and precook it for Monday. She doesn&rsquo;t know I&rsquo;ve cut it. Baked, cut the cabbage, cleaned the house, and I&rsquo;ve prepared hot water for her to bath when she gets back. I love you Mom and I hope I&rsquo;ve made you a proud mom, she

SLM - SANLAM LIMITED - Dealings in securities - 27/06/2022

SANLAM:   5,451    -43 (-0.78%)  27/06/2022 10:39SANLAM LIMITED - Dealings in securitiesRelease Date: 27/06/2022 10:01Code(s): SLM      PDF:  Wrap TextDealings in securities Sanlam Limited (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 JSE share code: SLM NSX share code: SLA A2X share code: SLM ISIN: ZAE000070660 (“Sanlam”) Prescribed Officer dealings in Sanlam securities In compliance with paragraph 3.63 â€" 3.66 of the Listings Requirements of the JSE Limited, we hereby advise the following dealings by a prescribed officer in Sanlam securities: Name: L Lambrechts Date of transaction: 23 June 2022 Total number of shares: 10 564 Nature of transaction: Delivery of Sanlam ordinary shares under Santam Ltd Deferred and Performance Share Plans On market/Off market trade: Off market Market value per share: R53.25 Total deemed value: R562 533.00 Nature and extent of the Direct beneficial interest in the transaction: Class of securities: Ordinary shares Prior authority to transact obtained: Yes Name: L Lambrechts Date of transaction: 23 June 2022 Market value per share: R53.25 Class of securities: Ordinary shares Nature of transaction: Sale of Sanlam ordinary shares under Santam Ltd Deferred and Performance Share Plans to meet income tax obligations on vesting of shares Total number of shares: 4 796 Total transaction value: R255 387.00 Nature and extent of the Direct beneficial director’s interest in the transaction: On market/Off market trade: On market Prior authority to transact obtaine

Navigating a new risk landscape

Navigating a new risk landscapeArticle by FIAThe knock-on effects of an unprecedented pandemic has ushered in a multitude of new risks, as identified by the World Economic Forum. Here's how our industry aims to handle them.The Global Risks Report produced by the World Economic Forum tracks global risk perceptions from the findings of industry experts. The report claims the most serious problem of the pandemic is economic stagnation. Within this, the pervasive risks include cybersecurity, political unrest, mobility and transport, extreme weather, livelihood crises, mental health deterioration and service deliveries. We've spoken with South Africa's industry experts on all of these topics and how to approach each of them as an intermediary.CybersecurityAs advised by their cybersecurity team, Discovery Insure has taken the necessary technical measures to ensure that the digital aspects of their business remains secure in the hybrid ‘work-from-home’ era where security levels need to also be maintained remotely."We have seen globally that it is rather the human aspect of error and susceptibility that acts as the largest contributor to a company’s level of cyber risk," says Precious Nduli, Head of Technical Marketing and Marketing of Discovery Insure."We have therefore invested heavily in educating our staff around cyber risk, through highly educational and fun videos delivered in compulsory courses on our digital learning platform."Indwe has teamed up with tech support partner Dimension Data to keep safe."Security has received priority attention over the past twenty four months,” explains Peter Olyott, Chief Executive Officer of Indwe Risk Services. "Whilst no one can claim to be totally safe, we are satisfied we have taken all reasonable steps to safeguard our customer information but also our overall business data. We report on data integrity on our systems on a monthly basis.”"On the client side of things, extrapolating the impact of a local or global cyber se

Real Housewife turns passion for wine into a business

Real Housewife turns passion for wine into a business View All Result Real Housewife turns passion for wine into a business Out with the boring and in with the new and exciting African blends, says Thato Montse. To celebrate her Basotho heritage, she started her own wine brand, Thato Wines Reading Time: 5 mins read A A Thato Montse, founder of Thato Wines. Photo: Supplied/Food For Mzansi Thato Montse loves good wine, so much so that she started her own wine brand. Through Thato Wines, she wishes not only to cater to an untapped market but also wants to showcase her heritage. Monste is one of the Real Housewives of Cape Town heading to our television screens this July, where she says we&rsquo;ll be seeing much more of her wine brand and indeed other aspects of her life. A marketer by profession, Montse had some experience working on alcohol brands before she started Thato Wines . Montse on the set of the Real Housewives of Cape Town. Her wine brand is featured in the show. Photo: Supplied/Food For Mzansi "I studied brand communication and did my diploma at Vega School . I [then] did my postgraduate in design thinking and brand innovation, and from there I went to work in advertising, where I worked on the Savannah brand and also on Amarula. ADVERTISEMENT The start of an amazing journey It was at this time, during her tenure at a prominent advertising agency, that she was approached by a wine brand to do their digital marketing. Montse says that this campaign is what placed her in the direction of starting her wine brand. "[Their] objective was clearly to make sales. And I [said] &lsquo;no, those are not smart objectives&rsquo;. So, I ended up rebranding and repositioning that brand and I realised that the wine industry is predominantly old, white, [and] predominantly male. Montse says she found that the wine brands in the country were very, very conservative, and it occurred to her that she should actually just start her own brand. "I saw a gap in the market, and I went and regi

FIFB18 FIFB19 - FORTRESS REIT LIMITED - FIFB18 FIFB19 - Interest Payments Notifications - 27/06/2022

Sharenet WealthRisk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Trading or investing in crypto currencies carries with it potential risks. Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Crypto currencies are not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument or crypto currencies you should carefully consider your investment objectives, level of experience, and risk appetite. Sharenet would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Sharenet doesn't bear any responsibility for any trading losses you might incur as a result of using this data. Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers. Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data. Sharenet Group of Companies are authorised financial services providers. Sharenet Securities FSP#: 28430 | Sharenet Wealth FSP#: 41688© 2022 SHARENET (PTY) Ltd, Cape Town, South AfricaÂ

Wildcat strike at Eskom set to hit economy hard

DFAWildcat strike at Eskom set to hit economy hardByThousands of Eskom employees have embarked on unprotected strike action following a deadlock in wage negotiations.File picture: ReutersSOUTH Africa’s tentative economic growth for the second quarter has been left in tatters as Eskom ramped up its rotational power cuts to a higher level after workers downed tools at nine power stations.The struggling power utility on Friday implemented Stage 4 power cuts â€" stepped up from Stage 2 â€" due to the ongoing unprotected labour action.Thousands of Eskom employees have embarked on unprotected strike action following a deadlock in wage negotiations on Tuesday.The power utility said it was compelled to take precautionary actions to conserve emergency generation reserves as many activities at power stations had to stop, including the manual loading of coal.Eskom workers are demanding 15 percent wage increases across the board on a one-year agreement, a R1,600 increase in the housing allowance, and closing of the apartheid wage gap.There have also been reports of intimidation against some workers who reported for duty, as well as alleged attempts to force employees out of power stations.However, the Labour Court granted Eskom an urgent interdict against the wildcat strike on Friday.Eskom chief operations officer Jan Oberholzer warned that the workers’ strike and acts of intimidation could possibly increase the risk of power cuts amid low reserves of water and diesel at the peaking plants.“This is an illegal strike and should any of our employees or colleagues conduct themselves in a way that is not appropriate, we will take the necessary action. We have a disciplinary process,” Oberholzer said.This is the second time Eskom has implemented Stage 4 power cuts in as many months, after the country plunged to this level on May 21 when higher than anticipated demand caused some units to trip.Eskom has been experiencing frequent breakdowns at its coal-fired generation units

LG is ramping up its EV charging business - Hypertext

LG is ramping up its EV charging business Home Lifestyle Electric Vehicles LG is ramping up its EV charging business LG is ramping up its EV charging business WhatsApp This week LG announced that it had acquired South Korean electric vehicle (EV) charger solutions provider AppleMango. The move sees LG partner with GS Energy and GS Neotek as LG aims to accelerate the growth of its EV charging solution business. "This strategic move, combined with LG&rsquo;s own expertise and wealth of experience in both B2C and B2B segments, will enable the company to create fully-featured charging stations boasting a user-friendly interface and real-time control/management, explained LG in a press statement. "The new acquisition will help LG to become an integrated solutions provider, bringing together its new charger development capabilities and existing in-house-developed EV charging management system. Moreover, the move is expected to create synergy with LG&rsquo;s ongoing efforts in the area of vehicle components, including the development and supply of EV batteries and adjacent products, such as energy storage system (ESS) and energy management solutions, it adds. The move makes a lot of sense, especially given that LG has shuttered other parts of its business like smartphones . As such, the move to develop more EV charging solutions could prove a smart one given the fervour with which car makers have pledged to fully electrify fleets as early as 2030 in some cases. Those swathes on new EVs leaving the factory floor and hitting roads will need sufficient infrastructure to meet consumer needs, and this is where the South Korean company hopes to make its play. "The EV charging market is expected to grow rapidly due to the surging demand for more eco-friendly vehicles, notes Paik Ki-mun, SVP of LG Electronics Business Solutions Company. "Leveraging our know-how and experience in the B2B sector, we will offer customized, integrated vehicle charging solutions for diverse customers, enhancing the co

Potatoes SA leads Roundtable discussion on urgent state of SA’s fresh produce markets

Potatoes SA leads Roundtable discussion on urgent state of SA&rsquo;s fresh produce markets Potatoes SA Given the importance of fresh produce markets to food supply chains and the economy, markets should be recognised as national key points, and given urgent prioritisation to address poor maintenance and security before these sites deteriorate &lsquo;past the point of no return&rsquo;. These were some of the outcomes of the Industry Roundtable hosted by Potatoes South Africa on Tuesday in which several leaders from the agriculture and food industry met to discuss the most pressing issues currently plaguing national fresh produce markets (NFPMs). There are currently 23 NFPMs around the country, the majority of which are municipally owned and managed. Responsible for up to 80% of all fresh produce sales in the country, these markets not only serve vital price-forming and setting roles, but are also key to ensuring the supply of food to vulnerable communities via informal traders, creating inclusive sales mechanisms for small-scale farmers to access markets, and generating important revenue for municipalities. Demonstrating their economic significance, latest statistics from the Department of Agriculture, Land Reform and Rural Development show that fresh produce markets sold some 3.4 million tons of fresh fruit and vegetables with a turnover of R17 billion in 2019. But although municipalities charge fees of 5% on all turnover for the operation of the markets, little has been reinvested back into market maintenance over the past few years. In particular, farmers, agricultural associations, and market agents have warned of a lack of security, poor infrastructure maintenance and hygiene standards, and raised concerns regarding the efficacy of market management. "Farmers and traders expect a certain level of quality at markets, especially because they deal in fresh food products where sanitation is key, noted Willie Jacobs, CEO of Potatoes South Africa. "But as things stand, market sp

SA’s first online cannabis clinic opens for business

SA&rsquo;s first online cannabis clinic opens for business SA&rsquo;s first online cannabis clinic opens for business Johannesburg, 27 Jun 2022 Read time 2min 40sec Two South African healthtech firms have signed a collaboration agreement that will pave the way for patients to easily access and consult with qualified medicinal cannabis specialists online. RecoMed , a local healthcare booking platform, has joined forces with Cannabis Clinics , a healthtech platform that provides patients and doctors with information on legal medicinal cannabis, to introduce what they call SA&rsquo;s first online cannabis clinic . The platform is a booking and consultation portal that connects patients with cannabis specialist doctors, by listing doctors that are available to see patients via an encrypted video call, which is powered by the RecoMed platform. Cannabis Clinics was established to assist South African patients seeking access to legal, local and imported pharma-grade medicinal cannabis. Across many parts of the world, including SA, the landscape of medicinal cannabis is rapidly evolving and creating opportunities for doctors and patients to include registered cannabis products in their healthcare regimes. Medicinal cannabis products, which range from oil, sprays, capsules, vapes and dried flowers, are widely used in the management of health conditions, such as cancer symptoms, chronic pain management, epilepsy, palliative care and mental health issues, such as anxiety and insomnia. However, finding a healthcare practitioner who is trained in medicinal cannabis use and can prescribe it can be a challenging journey for patients, according to Cannabis Clinics. Craig Ludwig, chief strategy officer at Cannabis Clinics, says: "We are very proud to be working alongside RecoMed to facilitate and optimise this direct patient-to-doctor consultation programme throughout South Africa, via our platform. "It&rsquo;s a significant step forward in helping to create access to medicinal cannabis pro

Increase the Viability of Your Business

Increase the Viability of Your Business Posted on Jun 27th, 2022 Articles Increase the Viability of Your Business SMEs have faced great uncertainty regarding the sustainability of their businesses due to the COVID-19 pandemic. Many small business owners have questioned the viability of their businesses and its capacity to be successful. Business viability refers to "a general assessment of whether a business is (or will be) successful. This includes many parts of a business, including operations, marketing and financials. Despite the challenges small businesses face there are several steps that business owners can take to ensure their business can survive the knocks that may come. This require that business owners run professional enterprises while also anticipating and quickly responding to any business threats and risks. Here are five suggestions for improving your company&rsquo;s long-term viability. 1. Get compliance right While most business owners understand why it&rsquo;s important to run a professional business, many underestimate how critical it is to ensuring their business survives the unexpected. This applies whether you are looking to approach funders during a financial downturn or being able to access access government tax incentives and financial assistance. A compliant business is one that adheres to tax laws and regulations. All businesses should be registered with the CIPC and comply with industry regulations (depending on the industry that you operate in); zoning laws; licensing and permits and labour law. Related: Starting a Business in South Africa 2. Focus on marketing During tough times it can be tempting for small business owners to pause all marketing activities. However, it is during downturns that businesses should fight to remain top of mind. Digital marketing has changed the game for small businesses and offers an affordable alternative that also allows businesses to track their marketing efforts. Some of the tactics that small businesses should be maki

FP Markets awarded “Best Trade Execution”

4 minutes read Spread the love June 23, 2023 - FP Markets celebrates its 17th year anniversary and continues its award-winning streak by receiving the "Best Trade Execution award. FP Markets has been awarded "Best Trade Execution at the Ultimate Fintech Awards 2022 with the prestigious awards ceremony taking place on the final evening of the iFX EXPO International at Columbia Beach in Limassol. Craig Allison, Head of Europe, Middle-East, and Africa, commented: "We are delighted to be recognised as the industry-leading fintech for trade execution and receiving this prestigious award is confirmation that our hard work and commitment to excellence are appreciated by our clients and recognised within the industry. The "Best Trade Execution award recognizes and rewards the company that consistently offers their clients competitive pricing, fast execution, market-leading technology, and service excellence and at FP Markets we pride ourselves on these attributes and always providing our clients with the ultimate trading experience. An Ultimate Fintech Award is an award of distinction to recognise fintechs in the B2B &amp; B2C online trading space. With their years of experience in the fintech and finance space, Ultimate Fintech has set an exclusive industry benchmark for both brokers and B2B service providers to provide traders and businesses an industry benchmark of the best companies to trade and do business with. FP Markets offers over 10,000 trading instruments offering traders access to CFDs across Forex , Indices , Commodities , Stocks , Bonds and Cryptocurrencies , making it one of the largest offerings in the industry and offers 8 platforms including MT4, MT5 &amp; Iress. Over the past 16 years, FP Markets has learnt that the combination of consistently tight spreads and fast execution, coupled with cutting-edge platforms, a wide product range and first-rate customer support are the key ingredients that give serious traders the confidence to trade. Louis

PEP awards Carat SA their digital and traditional media business

Effective 1 June 2022, the award-winning global media agency will use its unmatched understanding of the passions, motivations and behaviours of real people to bring PEP and their customers together. Delivering an unparalleled capability to unlock real human understanding to connect people and brands by designing powerful and engaging media experiences. "We could not be happier to be working with PEP South Africa and the fantastic team behind this brand. There is a real synergy in our cultures and ethos, which is always the cornerstone of a successful partnership, and we look forward to doing some bold and impactful work together, said Lerina Bierman, managing director of Carat South Africa. Beyers van der Merwe, PEP SA&rsquo;s chief marketing executive, commented: "We are very excited and optimistic about the strategic partner we have found in Carat to support our overall business and brand goals. Carat has a deep understanding of the media landscape and our customer audience and we know they will ensure relevance and connection across all channels and touchpoints for our remarkable customers. To learn more about Carat, visit Carat.com.

Tencent stock falls as Prosus/Naspers to sell shares to fund buybacks

JOHANNESBURG/AMSTERDAM June 27 (Reuters) â€" Dutch technology investor Prosus NV PRX.AS, PRXJn.J on Monday announced it will gradually sell down its massive stake in Tencent 0700.HK, reversing a pledge to retain the holding for a couple of years and knocking shares in the Chinese tech giant. Prosus will use proceeds to repurchase shares, a move aimed at closing a gap between […]

JSE gains a new diversified retailer, CA Sales Holdings - Who are they?

As one of its big shareholders, the PSG Group, prepares to exit the JSE, CA Sales Holdings joined the JSE's on the main board on Monday. The Mouton family-founded PSG company indicated earlier this year that it planned to move CA Sales' dual primary listing from the Cape Town Stock Exchange to the JSE this June. The company finally blew the JSE's kudu horn on Monday morning. The company, which will fall under diversified retailers, anticipates an initial market capitalisation of about R2.2 billion. It has floated 461.4 million shares on the JSE's main board. "We look forward to our dual listing on the JSE and Botswana Stock Exchange (BSE), raising the profile of our group with South African-based retail and institutional investor community," said CA Sales CEO Duncan Lewis. The JSE's director of capital markets, Valdene Reddy, said this new listing positively reflected the country's main bourse's efforts to bulk up listings. As the exchange bled listings in the past few years, the JSE promised to do some damage control by ramping up efforts to attract foreign companies to consider secondary listings in SA. It is also working on relaxing listing rules. READ | JSE to relax listing rules, appoint new board just for tech companies "We are committed to growing the attractiveness of our listed markets. In so doing, we have embarked on a journey to improve the ease and appeal of listings through various regulatory and product proposals in efforts to attract issuers and investors to our exchange," said Reddy. Who is CA Sales Holdings?  The company was first incorporated in South Africa in 2011. It offers merchandising, warehousing, distribution and various other services to companies in fast-moving consumer goods (FMCG). It now has a footprint in several Southern African countries. These include Swaziland, Namibia, Lesotho, Zimbabwe, Mozambique, Zambia and Botswana, where it is also listed. CA Sales owns companies like Red Bull Distribution in Zimbabwe and the African distributor for Diageo and

Shareholder Cilliers says Fortress board has no other option, but to collapse share structure

Some shareholders are unhappy that Fortress Reit, the commercial property group that includes a large logistics portfolio, is planning to collapse its A and B share structure into one class of shares, saying that it is the only way to preserve its Reit status. Business Report on Friday asked Albie Cilliers, an activist investment manager at Cilandia Capital, what he thought of the move after commentary on social media, which showed discontent about he planned move. On Twitter, social media users raised the issue that management was overweight on the A shares in value and questioned the board’s decision in light of incentives they get. CEO Steven Brown holds 2 865 750 B-shares, but only 809 700 A-shares. The previous CEO, Mark Stevens, holds 28 593 185 B-shares, but only 13 501 115 A-shares. The Passive Income Guy @hazelwood_dave, said, “For me ‘incentivised’ is quite simple â€" will you gain more if B-shares score. Therefore the actual shareholding is NB. Talking about incentive schemes is irrelevant and just a way to dodge the question.” Upon the incorporation of Fortress and subsequent listing of the company in October 2009, the rights of the A class shareholders and B class shareholders were established and have been entrenched ever since. An extract of the Fortress Prospectus October 2009 reads: “The ‘A’ linked units offer an attractive yield on a preferred basis, escalating at 5 percent per annum for five years and at the lower of CPI (consumer price index) and 5 percent thereafter. “The ‘A’ linked units have preferential entitlements to income distributions and to capital participation on winding up. On listing, the annualised forward yield to June 2010 of the ‘A’ linked units is forecast at 10.75 percent and that of the ‘B’ linked units at 9%. Thereafter growth in distributions is restricted for the ‘A’ linked units and weighted towards the ‘B’ linked units, r

Numsa shopsteward at Implats contractor murdered

The National Union of Metalworkers of South Africa (Numsa) said that one of its shopstewards, Mahlomola Hlothoane, was murdered at his home on Friday evening. Police have confirmed the incident, and said there have been no arrests yet.  Hlothoane was a shopsteward at Reagetswe Mining, a contractor to mining giant Impala Platinum (Implats). Numsa is currently in a standoff with Reagetswe and two other Implats contractors - Triple M Mining and Newrak - over wages. Numsa accused the three contractors of paying employees as little as a third of what Implats permanent employees are paid for the same level of work. However, the contractors denied this in a joint statement last week. Last week the Labour Court in Johannesburg granted Reagetswe Mining an interim interdict against strike action at its operations. Triple M CEO Sipho Xipu said Numsa did not pass the company's threshold for recognition, and it could therefore only negotiate wages with the Association of Mineworkers and Construction Union. In a statement released on Sunday evening, Numsa secretary-general Irwin Jim condemned the "cold-hearted and brutal" murder of Hlothoane. "Comrade Mahlomola was a Numsa shopsteward who assisted the union by co-ordinating recruitment and mobilising workers at Implats. He was murdered on Friday night at his home in Rustenburg by two unknown gunmen," said Jim.  The union said Hlotoane's murder was the second killing of a Numsa official organising at Implats operations. The statement said Hlothoane and Malibongwe Mdazo - murdered last year - were killed "for organising workers at Implats. The union called on the South African Police Service (SAPS) to bring the killers to justice. "We demand that the SAPS must urgently find and arrest those who are responsible for this heinous crime. It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice," the statement said. Meanwhile, Xipu told Fin24 that an interim court order was granted in favou

The benefits of short-term insurance to uninterrupted business growth

The benefits of short-term insurance to uninterrupted business growth 27 June 2022 PSG Insure The turbulent geopolitical climate is creating uncertain economic conditions across the globe. In South Africa, several unique challenges are worsening the effects of global risk factors, including load shedding, hefty fuel hikes and ongoing inflationary increases. For entrepreneurs across the country, the small business environment has become a difficult terrain to navigate. This has necessitated a renewed focus on risk management, as a way of mitigating the potentially devasting effects of an unplanned loss. This is according to Karen Rimmer, Head: Distribution of PSG Insure who notes that small businesses are vital to the growth of the South African economy. "The past few years have demonstrated how vulnerable South African small and medium-sized enterprises (SMEs) are to business interruption risks. Their survival therefore relies greatly on how they are positioned to recover from losses for which they are probably not prepared. This is where the importance of partnering with a trusted short-term insurance adviser can play a key role in minimising the effect of set-backs, thereby enabling the ongoing growth and development of small businesses. According to McKinsey, SMEs across South Africa represent more than 98% of the country&rsquo;s businesses and contribute just under 40% to GDP. Furthermore, small businesses employ between 50 to 60% of South Africa&rsquo;s workforce. When these SMEs, which are a critical cog in South Africa&rsquo;s economic engine, are shut down by economic risk factors, the effects are far-reaching and have broader macroeconomic implications. On this point, Rimmer argues that the South African small business environment is unrelentingly difficult for SMEs in their fledgling years. "For those who do succeed in remaining in operation during their first few years, there are a number of risks that they will be faced with down the line. Investing in contingency p

Talent shortage is an existential threat to business

CRS Technologies , Employment , Human capital , Human development , Staff training , Upskilling The Employment Equity Act and Skills Development Act will not be enough to save businesses from failure if training and upskilling are only approached from a compliance perspective. Owners, leaders and managers must commit to training their staff with a view to gaining competitive advantage. Research from Mckinsey and Manpower Group shows that training must be part of business strategy. Going beyond what is required by law must be the minimum employers should do to upskill their employees. A different approach is needed - but what does this entail? According to Nicol Myburgh, Head: HCM Business Unit at CRS Technologies, investing in employees is critical. &lsquo;Upskilling staff does more than just improve their overall proficiency with specific tasks; it turns an employee into an asset and has a large impact on employee engagement. When companies invest in their employees the employees feel valued, and often perceive upskilling as a reward, which makes them much more likely to go the extra mile for the company.&rsquo; From a cost perspective, it is usually more cost-effective to train existing employees than to hire new skilled ones, Myburgh continues. &lsquo;Skilled employees have a much higher cost when hiring, while unskilled employees are more affordable. Of course, as they acquire skills their cost goes up but not to the same extent as hiring an already skilled employee. If we look further than just the cost, I am a firm believer in the adage "Hire for attitude, aptitude can be trained.&rsquo; The business world changes rapidly, he adds, so it is worthwhile to remind business owners of the benefits of training and retraining with the future clearly in mind - a future that includes emigration, semigration, the Great Resignation and artificial intelligence. Myburgh&rsquo;s advice is not to delay training for too long, as it will become both urgent and important because of

IZA AFRICA DESK RAISES RED FLAG OVER STEEL INDUSTRY MASTERPLAN

IZA Africa Desk Urgent call for a broader Metals Industry Roadmap for steel, base metals, and value-added metal products. IZA Africa Desk says the scope of the steel masterplan is not well defined and should encompass a simple Metals Industry Roadmap for steel, base metals, and value-added metal products. A lack of proper industry consultation is likely to hamper the effective implementation of the steel and metal fabrication sector masterplan, warns the Africa Desk of the International Zinc Association (IZA). “The plan contains problematic proposals such as a steel levy and the formation of a Steel Industry Council. The former is an unnecessary additional tax on industry, while the latter is an equally unnecessary bureaucratic intervention,” warns IZA Africa Desk Manager Simon Norton. “The role of the Department of Trade, Industry and Competition needs to be clearly defined and kept to a minimum. There must be four to five clearly identified achievable target goals; reference to B-BBEE must be removed and ‘localisation’ should be removed with its so-called ‘policing’, as industry needs to operate free of state encumbrances,” emphasises Norton. The masterplan was signed on Friday 11 June 2021 by Minister of Trade, Industry and Competition Ebrahim Patel. It is the outcome of a draft document unveiled in October 2020 as a consolidation of discussion outcomes between various parties, government facilitators, and public entities. Norton highlights that the IZA Africa Desk endorses the submissions made by the Steel and Engineering Industries Federation of South Africa (SEIFSA) in October 2020 as a response to the draft steel masterplan. It notes that the masterplan “tries to take a different approach by seeking solutions rather than reiterating the well-known prevailing challenges of the steel and engineering industry.” These include implementation and execution of the masterplan, which is the proposed ambit of the yet-to-be constitu

Video Analytics Selection Guide 2022

Select technology: All | Analytics Category: Analytics Company: Axis Communications Availability: On-camera (own camera brands) Which VMS/brands are supported?: All Cost structure: Free with hardware Where to find it: www.axis.com/products/axis-live-privacy-shield Description: AXIS Live Privacy Shield makes it easy to remotely monitor activities while safeguarding privacy. The versatile, edge-based application enables compatible cameras to dynamically mask moving objects, humans, faces or the background in real time in live and recorded video at no extra cost. AXIS Live Privacy Shield supports two different methods of privacy protection. Contact: Marcel Bruyns Tel: +27 11 548 6790 [email protected] www.axis.com Category: Analytics Company: AxxonSoft Southern Africa & SADC Availability: On-camera (multiple vendors/brands); On server; Cloud service; Hybrid-cloud service Which VMS/brands are supported?: AxxonSoft is the VMS Cost structure: Pay-per-use Where to find it: www.axxonsoft.com Description: AxxonSoft provides video analytics solutions that create multiple benefits in business and security intelligence through neural networks powered by AI and deep learning algorithms. AxxonSoft’s AI innovations outperform traditional motion-based detection, enhancing prevention taxtics. AxxonSoft’s smart forensic search changes the way you use video investigation, by quickly finding what you need without tediously paging through tons of recorded footage. AxxonSoft’s custom AI video analytics solve specific security and business tasks with customised AI video analytics. Contact: Colleen Glaeser Tel: +27 82 503 4437 [email protected] www.axxonsoft.com Category: Analytics Company: Bidvest Protea Coin Availability: On-camera (multiple vendors/brands); On server; Cloud service; Cost structure: Included in service contract Where to find it: www.proteacoin.co.za Description: Facial recognition service. Contact: Alex Penhaligon Tel: +27 66 257 0496 [email protected] www.proteaco

Lady Du supports local business in Volsoorus, Ekurhuleni

Lady Du supports local business in Volsoorus, Ekurhuleni June 27, 2022 The Woza hitmaker recently share pictures of the local fruit stall where she normally buy her fresh fruits. the star commended the street vendor for keeping their goods fresh and also encouraged fellow Vosloorus residents to support the local business. "I need to make this corner trend they have the cleanest fruits and vegetables my team and I went to support again today kindly share I think they deserve a dope structure from the mayor kindly share till he sees this she said on a post. lady du in vosloorus pic.twitter.com/bRUVU31W4E

Numsa shopsteward at Implats contractor murdered

The National Union of Metalworkers of South Africa (Numsa) said that one of its shopstewards, Mahlomola Hlothoane, was murdered at his home on Friday evening. Police have confirmed the incident, and said there have been no arrests yet.  Hlothoane was a shopsteward at Reagetswe Mining, a contractor to mining giant Impala Platinum (Implats). Numsa is currently in a standoff with Reagetswe and two other Implats contractors - Triple M Mining and Newrak - over wages. Numsa accused the three contractors of paying employees as little as a third of what Implats permanent employees are paid for the same level of work. However, the contractors denied this in a joint statement last week. Last week the Labour Court in Johannesburg granted Reagetswe Mining an interim interdict against strike action at its operations. Triple M CEO Sipho Xipu said Numsa did not pass the company's threshold for recognition, and it could therefore only negotiate wages with the Association of Mineworkers and Construction Union. In a statement released on Sunday evening, Numsa secretary-general Irwin Jim condemned the "cold-hearted and brutal" murder of Hlothoane. "Comrade Mahlomola was a Numsa shopsteward who assisted the union by co-ordinating recruitment and mobilising workers at Implats. He was murdered on Friday night at his home in Rustenburg by two unknown gunmen," said Jim.  The union said Hlotoane's murder was the second killing of a Numsa official organising at Implats operations. The statement said Hlothoane and Malibongwe Mdazo - murdered last year - were killed "for organising workers at Implats. The union called on the South African Police Service (SAPS) to bring the killers to justice. "We demand that the SAPS must urgently find and arrest those who are responsible for this heinous crime. It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice," the statement said. Meanwhile, Xipu told Fin24 that an interim court order was granted in favou

Alexforbes sustainability index shows SA medical schemes robust with health reserves

3 min readAlexforbes sustainability index shows SA medical schemes robust with health reservesMembership of South African medical schemes was resilient during the Covid-19 pandemic despite rising unemployment and the slowdown in economic growth, according to the latest Alexforbes Sustainability Index. Membership of the analysed medical schemes has remained fairly stable, falling by just 1% during 2020, while the schemes have experienced lower claims which resulted in them accumulating higher reserves.The Sustainability Index gives a broad overview of the performance of medical schemes in the country and attempts to assess the combined impact of key performance statistics on the sustainability of a medical scheme.The results of the Sustainability Index for the individual schemes analysed shows a noticeable increase for 2020 demonstrating the improved health of the medical schemes industry. Overall, for 2020, the pandemic resulted in a reduction in the level of claims experienced by medical schemes with a resultant increase in total reserving levels for medical schemes. The number of members of medical schemes decreased marginally by 1% in 2020 indicating that the membership of medical schemes has been resilient during the pandemic with the rising level of unemployment and slowdown in economic growth over the period.Average age of beneficiaries has steadily been increasing since 2011While the average age of beneficiaries in the medical schemes industry remained fairly constant from 2005 to 2011, there have been significant increases experienced particularly between 2012 and 2017. The average age of all beneficiaries as at 2020 was 33.6 years, up by almost 1% from 33.3 years in 2019. The open scheme average age increased from 34.9 years in 2019 to 35.3 years in 2020, and for restricted schemes it increased marginally from 31.3 years in 2019 to 31.5 years in 2020.As the average beneficiary age continues to increase, it has become of utmost importance for schemes to attract young members. This

Tiger Brands' move to close WC canning factories will have huge impact - CFPA

On 9 June 2022, South Africa's largest food company, Tiger Brands, shocked the food industry when it announced plans to close two factories, located in Langeberg and Ashton, which spell economic disaster. Speaking to CapeTalk's Refilwe Moloto, Jacques Johannes, CEO of the Canning Fruit Producers Association, highlighted the reasoning behind Tiger Brands' decision. Tiger Brands basically decided two years ago that the business is not aligned with their strategy and they wanted to divest from the canning fruit business in Ashton. [...] We're still open with discussions with Tiger. At this stage, we need some people to take our hand and help invest in this business to prevent it from closure. I think the effect is a social-economic disaster, it's not just a cold business decision. Jacques Johannes - CEO of the Canning Fruit Producers Association Johannes clarified that the impact of the closures would spread beyond just those employed at the factories themselves, but would certainly have fallout on the surrounding community. The surrounding farms that have supplied the facility with fresh produce for the last few decades would be left with no avenue of sale, resulting in the those farms also succumbing to economic pressures. We need to save these communities. The original factory was established by the producers in the 1940s all from the town of Ashton and the surrounding areas. In 2011, Tiger Brands bought these co-ops and after that, consolidated the factory into one. [...] The extent of this business has grown over the 70 years that you need someone there to help. And from the producers' side, that's where they said government needs to intervene. There's 2,250 permanent farmworkers, 300 farmers at risk. I think the ripple effect in the value chain is much bigger. Jacques Johannes, CEO of the Canning Fruit Producers Association Scroll up for audio. Related: COSATU unhappy with Tiger Brands decision to close Ashton canning business

Tencent backer Prosus to cut $134 billion stake to fund buyback

Tencent backer Prosus to cut $134 billion stake to fund buybackBloomberg 27 June 2022SubscribeProsus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback program, reversing a pledge to hold onto the full shareholding.Tencent erased earlier gains in Hong Kong on Monday as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The shares fell as much as 2.5% and traded 1.8% lower as of 3:20 p.m. local time.“We will keep selling Tencent shares to buy back our own shares, it’s open-ended and an unlimited program,” Prosus chief executive officer Bob Van Dijk said in an interview. “It’s actually a small part of Tencent daily traded volumes â€" it should be maximum between 3 to 5%.”The move represents a change of heart by Dutch e-commerce giant Prosus â€" majority owned by South Africa’s Naspers Ltd â€" which said after its last sale in April 2021 it wouldn’t offload more shares for three years.The company, spun off from Naspers in 2019, owns the 29% stake after its parent became an early Tencent investor more than two decades ago, bagging a multi-billion dollar return in one of the most profitable early bets in tech investment history.Prosus shares soared 12% in early trade in Amsterdam, the most since March, while Naspers gained as much as 16% in Johannesburg.Less Than ZeroProsus is valued at 117 billion euros ($123 billion) even after the share jump, compared with the $134 billion Tencent stake. This means the market values the rest of the company’s assets, which include food delivery, travel bookings and online education sites across the world, at less than zero. This state of affairs has become “unacceptable,” the company said.Prosus disclosed the plan on the same day as it reported the sale of almost $4 billion of stock in e-commerce giant JD.com Inc, received from Tencent as a sp

Liquor traders urged not to chase profit over safety of their customers: NLTA - Breaking news, special reports, world, busin

Liquor traders urged not to chase profit over safety of their customers: NLTA 27 June 2022, 12:21 PM | SABC | @SABCNews The Liquor Traders Association says businesses are putting their financial interests ahead of the lives of children Image: Reuters The Liquor Traders Association says businesses are putting their financial interests ahead of the lives of children Most of the deceased are believed to be under age . National Liquor Traders Association convener, Lucky Ntimane says the owner of this tavern seems to have broken the rules of trading. "Liquor traders should not put profits before the lives of our people. They should at all times follow the license regulations as it is important to run our businesses following the law. If we run our businesses in a responsible and law-abiding way, we should be able to run our businesses in a successful way. The council has described it as unacceptable, a business putting profitable interests before the lives of young people. East London Tavern Tragedy | SABC speaks to entertainment manager at Enyobeni tavern: Police Minister, Bheki Cele, says teenagers, between the ages of 13 and 17, were killed in the early hours of Sunday morning at Enyobeni Tavern in Scenery Park. Investigations are underway into the possible cause of the tragedy. The NTLC&rsquo;s Spokesperson Lucky Ntimane explains, "We are saddened by what happened in the EC and East London in particular, to talk about a 13-year-old and a tavern in one sentence, we didn&rsquo;t think we had to do this in our lifetime. It is very terrible what happened there. We are saying it is a massacre because someone&rsquo;s actions caused the death of those black, young lives, as it were. It was wholly preventable but someone put profits before the lives of our people and it is not acceptable. Share article

Jobs, jobs, jobs: 6 great paid internships you can apply for in KZN today

Durban - Everyone starts somewhere, and an internship is a great way to start when it comes to your career. Through an internship you can put the skills you learned in tertiary to use. Surrounded by your supervisors, seniors, and colleagues, you will gain a ton of skills that will help you in the long run. Logistics internships Company: Mr Price Group Location: Durban Duration: 12 months Requirements: Completed qualification in Shipping/ Import and Export / Freight forwarding/ International trade. Apply here. Procurement internship Company: Fraser Alexander (Pty) Ltd Location: Mpumalanga, KwaZulu Natal Requirements: BTech or degree in Supply Chain Management. You must be medically fit. You must be willing to do psychometric assessments. Application deadline: June 28, 2022 Apply here. Admin internship Company: Richards Bay Industrial Development Zone (RBIDZ) Location: Richards Bay Duration: 24 months Requirements: National Diploma in Office administration or Certificate in administration. Application deadline: July 4, 2022 How to apply: Send your application to [email protected] Metallurgy internship Company: Fraser Alexander (Pty) Ltd Location: Mpumalanga, KwaZulu Natal Requirements: BTech or degree in Metallurgy. You must be medically fit. You must be willing to do psychometric assessments. Apply here. SAPS traineeships Location: All provinces Remuneration: R4500 Requirements: You must be between the ages of 18 to 30. A Code 4 or above will be advantageous. No previous convictions. No visible tattoos. Apply here. Sales internship Company: ACDC Dynamics SA Location: Pinetown Requirements: Matric Inbound sales experience. Apply here. IOL Business

Takealot is ready for the Amazon challenge: Bob van Dijk

Takealot is ready for the Amazon challenge: Bob van DijkHome » Sections » E-commerce » Takealot is ready for the Amazon challenge: Bob van DijkTakealot is ready for the Amazon challenge: Bob van DijkFacebook Twitter LinkedIn WhatsApp Telegram EmailNaspers CEO Bob van DijkTakealot Group has built a powerful e-commerce and logistics platform that will stand it in good stead in an increasingly competitive market, Bob van Dijk, CEO of parent Naspers, said on Monday.Asked for his views on reports that Amazon.com is poised to launch an e-commerce marketplace operation in South Africa early next year and how this might impact Takealot, Van Dijk told TechCentral that the “merits” of what Takealot has built over the past decade are “quite profound”.“I was in South Africa two weeks ago and spent a lot of time talking to people around how they experience the service. Takealot has built a very well-organised logistics and delivery network and they have spent more than a decade doing that, and doing it at scale, which allows for efficiency and predictability,” Van Dijk said.To build something of the efficiency and scale and customer friendliness that Takealot has built is not very easy to do“They have been able to launch a customer proposition that people really like … and, with very few exceptions, people are enthusiastic about the quality of service, the pricing, the logistics and the predictability of it. That’s not very easy to replicate,” he said.Last week, US publication Business Insider, citing leaked documents, reported that Amazon planned to launch online shopping services in South Africa and four other countries by early 2023. The South African launch, said to be codenamed Project Fela, is reportedly happening next February. South Africans will also get access to Amazon’s Prime membership programme soon after launch of Amazon online shopping in the country, Business Insider said.‘Real strength’Amazon has

Boris Johnson says new N.Ireland trade law could be passed this year - Breaking news, special reports, world, business, spor

Boris Johnson says new N.Ireland trade law could be passed this year 27 June 2022, 12:07 PM | Reuters | @SABCNews Britain plans to stop some checks on goods moving to Northern Ireland from the rest of the United Kingdom Image: Reuters Britain plans to stop some checks on goods moving to Northern Ireland from the rest of the United Kingdom British Prime Minister Boris Johnson said on Monday parliament could pass legislation this year to scrap some of the rules on post-Brexit trade with Northern Ireland that his government agreed in 2020 with the European Union. The legislation, which would unilaterally replace parts of that bilateral deal-known as the Northern Ireland protocol - is due to be sent back to parliament’s lower house for a second reading. That is one of the stages of the law’s passage through the legislature. A bigger challenge will be when it moves to the upper house, the unelected House of Lords, where many peers have expressed concern about it. Tensions have simmered for months after Britain accused the EU of a heavy-handed approach to the movement of goods between Britain and Northern Ireland - checks needed to keep an open border with EU member Ireland. Johnson says the new legislation will bring about "relatively trivial changes to the protocol to ease trade within the United Kingdom, but the EU has launched legal proceedings against Britain over it. Asked if the changes could be implemented this year, Johnson told broadcasters: "Yes, I think we could do it very fast, parliament willing. Foreign minister Liz Truss said London’s priority was to protect a 1998 peace deal that Ireland, the United States and other countries have said could be put at risk by replacing parts of the protocol. "This legislation will fix the problems the protocol has created, ensuring that goods can flow freely within the UK, while safeguarding the EU single market, Truss said in a statement on Sunday. "A negotiated solution has been and remains our preference, but the EU conti

Tiger Brands' move to close WC canning factories will have huge impact - CFPA

On 9 June 2022, South Africa's largest food company, Tiger Brands, shocked the food industry when it announced plans to close two factories, located in Langeberg and Ashton, which spell economic disaster. Speaking to CapeTalk's Refilwe Moloto, Jacques Johannes, CEO of the Canning Fruit Producers Association, highlighted the reasoning behind Tiger Brands' decision. Johannes clarified that the impact of the closures would spread beyond just those employed at the factories themselves, but would certainly have fallout on the surrounding community. The surrounding farms that have supplied the facility with fresh produce for the last few decades would be left with no avenue of sale, resulting in the those farms also succumbing to economic pressures. Scroll up for audio. Related: COSATU unhappy with Tiger Brands decision to close Ashton canning business This article first appeared on CapeTalk : Tiger Brands' move to close WC canning factories will have huge impact - CFPA

Cyprium announces A$50m prepayment offtake agreement for Nifty restart

Australian firm Cyprium Metals has entered into a letter of intent (LoI) with commodities trader Glencore for a A$50-million offtake prepayment facility, as part of a targeted A$240-million to A$260-million funding package to finance the restart of the Nifty copper project, in Western Australia. In terms of the LoI, Glencore will take 100% of the Phase 1 copper cathode produced at Nifty, up to 120 000 t, at prices to be determined at average market rates. “We are very pleased to enter into an exclusive LoI for a copper cathode offtake secured prepayment facility with Glencore. This is part of a fully funded finance package for the Nifty copper project,” said MD Barry Cahill. He noted that the Nifty restart project economics were robust and that the company continued to make further improvements to the project during the financing process. A March 2022 restart study estimated that Nifty would require a capital injection of A$149-million, and that it could produce 25 000 t/y of copper cathode. The Nifty operation has produced more than 700 000 t of copper metal between commencement of the oxide operation in 1993 and November 2019, when the mine was placed into care and maintenance. The single deposit is still ranked in the top twenty copper mineral resources by in-situ copper metal tonnes in Australia, with considerable potential to increase this further.

Bursary Programme - Our purpose - Vodacom Group

Bursary ProgrammeHome | Careers | Bursary ProgrammeThis is an academic Merit Bursary open to fulltime first-year, second-year or third-year students intending to study or are studying towards Science, Technology, Engineering & Mathematics fields but may lack necessary resources to study further.Key Offerings:Orientation workshop for all new students who are accepted on the programmeWorkplace exposure through our structured Vacation Work programmeWork Readiness skills training to prepare the final year bursars into the world of workFull access to our Wellness Programme (ICAS) servicesProgramme Requirementsmust be a South African citizen by birthmust undertake full-time undergraduate studies in a South African tertiary institutionmust pass Grade 12 with exemption, obtaining 70% or higher across all subjectsmust have obtain a minimum of 65% average or higher if in first year of tertiary and abovemay apply if already in first year (upwards) if studying at an accredited South African tertiary institution and meet all criteria aboveApplying for the Bursary Programme positionStep 1Before you can apply for a position, please ensure that you meet all of the above criteria.Step 2Once you’ve registered and applied, we’ll email you confirmation of receipt. Our Bursary Management team will then carefully assess your application and provide you with feedback every step of the way!Applications close on 31 August 2022

E-commerce contributes lion’s share of Naspers revenue

E-commerce contributes lion’s share of Naspers revenueE-commerce contributes lion’s share of Naspers revenueRead time 4min 40secIn this articleGlobal internet and entertainment group Naspers’s ballooning e-commerce portfolio continued to shine in fiscal 2022.Naspers reported its financial performance for the year today, saying the e-commerce segment’s revenue grew 56% (49%) to $10.7 billion and was the key contributor to group revenue growth of 24% (24%) to $36.7 billion. (Percentages in brackets represent growth in local currency, excluding mergers and acquisitions.)The blowout performance of Naspers’s e-commerce follows global growth trends, as the number of people making purchases via the internet reached 2.14 billion in 2021, according to statistics released by Statista.In the year, the internet company headquartered in Cape Town says its e-commerce businesses were resilient, growing revenue in the second half of the year, in many cases significantly outperforming global peers.Bob van Dijk, group CEO of Prosus and Naspers, comments: “Within our e-commerce portfolio, all segments made good progress against their financial and strategic objectives. Classifieds demonstrated healthy growth at its core, well ahead of global peers.“OLX Autos experienced strong triple-digit growth this year, as it creates a differentiated customer experience. Our classifieds business has been deeply impacted by Russia's invasion of Ukraine.“We are appalled by the war in Ukraine and we continue to do all we can for our Ukrainian employees and the people of Ukraine. Consequently, in March 2022, we announced the separation of the Russian classifieds business Avito from our OLX Group.”Naspers has since started the search for an appropriate buyer for its shares in Avito.Also on the menuTurning to food delivery, the company says this segment of the business remained strong in the year, “as it addresses a major consumer need that is being fundamentally

BHG - BHP GROUP LIMITED - Director/PDMR Shareholding - 27/06/2022

BHPGROUP:   45,667    +1520 (+3.44%)  27/06/2022 12:23BHP GROUP LIMITED - Director/PDMR ShareholdingRelease Date: 27/06/2022 12:15Code(s): BHG      PDF:  Wrap TextDirector/PDMR Shareholding BHP Group Limited BHP Group Limited ABN 49 004 028 077 Registered in Australia Registered Office: Level 18, 171 Collins Street Melbourne VIC 3000 Share code: BHG ISIN: AU000000BHP4 BHP GROUP LIMITED Notification and public disclosure of transactions by Persons Discharging Managerial Responsibilities The PDMR notifications below relate to changes in unvested share rights awards under BHP’s employee incentive schemes as a result of the Petroleum merger with Woodside which completed on 1 June 2022. BHP paid an in specie dividend and distributed Woodside shares received as consideration for the sale of BHP Petroleum in line with the details described in BHP’s announcement on 20 May 2022. Employees who continued to be employed by BHP after completion of the Petroleum merger did not receive the in specie dividend in respect of any unvested share rights, and the value of the underlying BHP shares to which they will receive on vesting will be reduced as a result of the in specie dividend that has been determined. To treat BHP employees fairly and restore the value of the unvested share rights to their pre- completion value, BHP granted those employees a one-off grant of additional matching entitlements on the same substantive terms as the original unvested share rights. 1 Details of the person discharging managerial responsibilities / persons closely associated a) Name Edgar Basto-Baez 2 Reason for the notification a) Position/status PDMR (President Minerals Australia) b) Initial Initial notification notification/Amendment 3 Details of the is

Questions raised regarding whether Buffalo City approved initial Enyobeni Tavern structural plans - Breaking news, special r

Questions raised regarding whether Buffalo City approved initial Enyobeni Tavern structural plans 27 June 2022, 1:27 PM | Police Minister Bheki Cele says the deceased are aged between 13 and 17. Image: SABC Police Minister Bheki Cele says the deceased are aged between 13 and 17. The South African Council of Churches (SACC) has raised questions over whether the Buffalo City Metropolitan Municipality had approved the initial structural plans for the Enyobeni Tavern. It follows the deaths of 21 young people there, including teenagers between the ages of 13 and 17. Investigations are underway into the possible cause of the tragedy, which occurred in the early hours of Sunday morning. The SACC’s General Secretary Bishop Malusi Mpumlwana says, "There are several questions that need to be asked about the specifications and what could have happened. When you hear that there was one door for exit, how does that happen? The rule of law must apply in our society. "These regulations of the Eastern Cape say there must be a structural floor plan to be used for liquor trading clearly showing each room, all doors and windows and means of external and internal communication. Where was this in this place? It is not clear. Proof of approval by the relevant local municipality, didn’t the municipality give permission for this shebeen? asks Bishop Mpumlwana. SACC’s Bishop Malusi Mpumlwana expresses shock at lives lost:

France Assists Lagos Business School to Install Solar PV System

France Assists Lagos Business School to Install Solar PV System No Comments Image credit: Lagos Business School The French Development Agency (AFD) through its financing arm in Nigeria is providing funding for a 350kW solar project at the Lagos Business School in Lagos State. The announcement was made by the Sustainable Use of Natural Resources and Energy Finance Nigeria (SUNREF). SUNREF is the green financing line for renewable energy projects by the AFD. The statement read in part, "The Sustainable Use of Natural Resources and Energy Finance Nigeria project is happy to announce that it has signed Lagos Business School as the first beneficiary of the SUNREF Nigeria credit facility. The Lagos Business School will be receiving a loan through Access Bank, which is a partner bank of SUNREF Nigeria, at nine per cent interest with an eight-year repayment repayment. The loan includes a 10 per cent investment grant. Through this loan, the Lagos Business School will install a 350kW solar PV system which is expected to offset 60% of energy demand. SUNREF is a technical assistance facility for the development of green energy projects in Nigeria, with a $70m credit line funded by the AFD and a $7m performance-based investment grant provided by the European Union Infrastructure Trust Fund. Author: Bryan Groenendaal

Multi-million rand Johannesburg data centre nearing launch - Photos

Multi-million rand Johannesburg data centre nearing launch â€" PhotosRual de Vries 27 June 2022SubscribeNTT’s Johannesburg 1 Data Centre is nearing completion and is expected to launch before the end of 2022, a company spokesperson told MyBroadband.“The commissioning of Johannesburg 1 is planned for Q4 2022,” the spokesperson said.Growthpoint Properties is developing the project in collaboration with Dimension Data.Dimension Data is a South African systems integrator and managed services provider representing Nippon Telegraph and Telephone Corporation (NTT) in Africa and the Middle East.NTT acquired Dimension Data in 2010. In 2018, NTT confirmed that it would transfer Dimension Data into a new holding company under its brand.The reorganisation was completed in 2019, with Dimension Data operating as a brand within the global NTT Ltd group .The Johannesburg 1 data centre is located within the 42-hectare Centralpoint Innovation District in Midrand.The building will have 6,000sqm of data centre space and support 12 MW of critical IT load.The Kosmosdal electrical substation is situated 500 meters from Johannesburg 1 and provides a 20MVA power supply.The facility’s average power density works out to 2kW per square meter.All IT racks within the data centre have two uninterrupted power supplies with N+1 redundancy.N+1 redundancy means that systems have at least one independent backup method.The data centre’s diesel generator backup system and cooling system also have N+1 redundancy in place.The data suite water cooling systems use air-cooled chiller systems to provide optimal temperatures.Concurrently maintainable air handling units regulate air pressure and humidity levels to ensure ideal environmental conditions.Concurrently maintainable refers to the ability to completely shut down one cooling system while continuing to support the data centre’s cooling demands.The data centre will provide customers with carrier-neutral fibre infrastructure and promise

Alexforbes sustainability index shows medical aid's are robust with healthy reserves.

Monday, 27 June 2022 11:53Alexforbes sustainability index shows medical aid's are robust with healthy reserves.By Paresh Prema, Health Branch Head, Technical and Actuarial Consulting Solutions at Alexforbes.Membership of South African medical schemes was resilient during the Covid-19 pandemic despite rising unemployment and the slowdown in economic growth, according to the latest Alexforbes Sustainability Index. Membership of the analysed medical schemes has remained fairly stable, falling by just 1% during 2020, while the schemes have experienced lower claims which resulted in them accumulating higher reserves.The Sustainability Index gives a broad overview of the performance of medical schemes in the country and attempts to assess the combined impact of key performance statistics on the sustainability of a medical scheme.The results of the Sustainability Index for the individual schemes analysed shows a noticeable increase for 2020 demonstrating the improved health of the medical schemes industry. Overall, for 2020, the pandemic resulted in a reduction in the level of claims experienced by medical schemes with a resultant increase in total reserving levels for medical schemes. The number of members of medical schemes decreased marginally by 1% in 2020 indicating that the membership of medical schemes has been resilient during the pandemic with the rising level of unemployment and slowdown in economic growth over the period.Average age of beneficiaries has steadily been increasing since 2011While the average age of beneficiaries in the medical schemes industry remained fairly constant from 2005 to 2011, there have been significant increases experienced particularly between 2012 and 2017. The average age of all beneficiaries as at 2020 was 33.6 years, up by almost 1% from 33.3 years in 2019. The open scheme average age increased from 34.9 years in 2019 to 35.3 years in 2020, and for restricted schemes it increased marginally from 31.3 years in 2019 to 31.5 years in 2020.As the average bene

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Type: All | Distributor/supplier | Installer/system integrator | Vendor/manufacturer Company: All | Access and Beyond | ADI Global Distribution | Allbro Industries | Avigilon, a Motorola Solutions Company | Axis Communications | AxxonSoft Southern Africa & SAD | Bidvest Protea Coin | BNETA International | Bosch Building Technologies | Cathexis Africa | Dahua Technology South Africa | DeepAlert | Forbatt SA | G4S Secure Solutions (SA) | Genetec | Hikvision South Africa | iCAM Video Telematics | Leaderware | Mustek Security Technologies | Progroup | Reditron | Regal Distributors SA | Remote Off-Site Monitoring | RR Electronic Security Solutions | Skycom | Switchcom Distribution | Top CCTV | VCam Security | Verstay | Western Digital | XtraVision Company: Access and Beyond Distributor/supplier Access and Beyond is an established role-player in the CCTV distribution market, supplying a wide range of solutions for designs ranging from simple installations to complex multi-site integrated projects. The company provides training and support with the goal of being the alternative choice for personal service and best prices. Christo Myburgh Tel: +27 31 263 1487 [email protected] www.myab.co.za Branches: KwaZulu-Natal, national support Company: ADI Global Distribution Distributor/supplier ADI Global Distribution is a leading distributor of video surveillance products. The company’s portfolio offers an unparalleled product choice that includes a comprehensive complementary range of accessories from leading manufacturers, both globally and locally. ADI has a full suite of added value services to support you throughout a project. Tel: +27 11 020 0951 [email protected] www.adiglobal.co.za Branches: Johannesburg, Pretoria, Durban, Cape Town, Port Elizabeth Company: Allbro Industries Vendor/manufacturer Allbro is a South African manufacturer with more than 800 employees and 22 000 square metres of production facility. The company manufactures non-metallic enclosures and has developed a junctio

No arrests have been made in connection with an alleged business robbery

The Vosman Police is asking for the public&rsquo;s help in locating and apprehending a group of unknown suspects in relation to an alleged business robbery. This alleged crime was committed on Monday, June 20. According to preliminary information, the robbery occurred around 23:00 when two security guards were on duty when they were approached by a group of about 10 men inside the camp who pointed firearms at them. It is alleged that the suspects told the guards to lie down and then tied their hands and feet with shoelaces while covering their faces with their jackets. The suspects allegedly fled with their personal belongings and demanded the guards&rsquo; bank pin codes. Truck tyres and batteries were allegedly stolen, and the site manager&rsquo;s office was allegedly broken into. READ MORE: DO YOU HAVE A STORY TO SHARE? Share your news tips via: Telephone: 013 656 2490 WhatsApp: 060 866 8682 Email: [email protected] Or follow us on WITBANK NEWS platforms: Instagram Twitter Witbank News App Facebook page Witbank News Breaking

TKG TL31 TL30 TL28 TL27 TL29 TL26 TL32 TL25 TL24 TL23 - TELKOM SA SOC LIMITED - Dealing in securities by the Telkom SA SOC L

TELKOM:   3,632    +32 (+0.89%)  27/06/2022 12:40TELKOM SA SOC LIMITED - Dealing in securities by the Telkom SA SOC Limited Forfeitable Share PlanRelease Date: 27/06/2022 11:40Code(s): TKG TL31 TL30 TL28 TL27 TL29 TL26 TL32 TL25 TL24 TL23      PDF:  Wrap TextDealing in securities by the Telkom SA SOC Limited Forfeitable Share Plan Telkom SA SOC Limited Registration number (1991/005476/30) JSE Share Code: TKG JSE Bond Code: BITEL ISIN: ZAE000044897 (“Telkom” or “the Group”) DEALING IN SECURITIES BY THE TELKOM SA SOC LIMITED FORFEITABLE SHARE PLAN In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Telkom advises that it has been informed of the following dealings in its shares: Purchaser: Telkom SA SOC Limited Forfeitable Share Plan (“the Plan”) (through Rossal No 65 (Pty) Ltd) Company: Telkom Class of securities: Ordinary shares Nature of transaction: Purchase of shares (on market) Details of transaction: Purchase of shares in terms of the Plan to satisfy the obligations of the Plan Clearance to deal: Yes Date of transaction: 21 June 2022 Number of securities: 499 106 Average price per security: R34.5216 Highest price per security: R35.31 Lowest price per security: R33.00 Value of transaction: R17 229 937.69 Date of transaction: 22 June 2022 Number of securities: 299 308 Average price per security: R34.3957 Highest price per security: R35.02 Lowest price per security: R33.61 Value of transacti

S.Pellegrino Young Chef Academy presents the Global Jury!

S.Pellegrino Young Chef Academy presents the Global Jury!S.Pellegrino Young Chef Academy presents the Global Jury!June 27, 2022, 12:29 pm0Share TweetThe S.Pellegrino Young Chef Academy is proud to announce the “Seven Sages”, the jurors who will be judging the Grand Finale of the S.Pellegrino Young Chef Academy Competition 2022-23, taking place in Milan by September 2023.The Competition will offer young chefs under the age of 30 years a unique opportunity to enter the Academy and embark on an inspiring and educational journey.There is still some time until June 30, 2022, to register for the competition.During the Regional Finals phase, 170 young chefs from around the world will compete in live cooking competitions in front of a local panel of jurors from participating countries in the fifteen different regions. After working closely with their respective mentors to perfect their recipes, the regional finalists will demonstrate their skills in preparing their signature dishes before the Seven Sages.Believing that passion, culture, innovation and ethics behind a dish will make the difference for a chef in the future, the seven giants of global gastronomy will be entrusted with the great responsibility of pooling their intuition and knowledge to select and crown the final winner. The esteemed jury will honour the brilliant talents capable of pushing the boundaries of gastronomy and inspiring the younger generation of chefs with their personal visions and opinions.The international jury of this edition is composed of:Eneko Atxa, the Basque chef owns 5 Michelin stars thanks to his restaurants Azurmendi and ENEKO. With his constant commitment to health, s olidarity, and sustainability, he has received numerous sustainability awards. His cultural roots, the connection with the territory and its produce, and traditional Basque recipes have been and remain the foundations of his creations. About mentorship he says: “Our junior chefs start very young with us and learn with us, so ed

At least 26 killed in attack in South-West Cameroon: Medical officer - Breaking news, special reports, world, business, spor

At least 26 killed in attack in South-West Cameroon: Medical officer 27 June 2022, 12:47 PM | Reuters | @SABCNews Anglophone insurgents began fighting the Cameroonian military in the South-West and North-West regions in 2017 [File image] Image: Reuters Anglophone insurgents began fighting the Cameroonian military in the South-West and North-West regions in 2017 [File image] At least 26 villagers were killed in an attack on Saturday in the Akwaya district of Cameroon’s South-West region, where separatist insurgencies have added fuel to long-running inter-ethnic conflicts over land, local sources said on Monday. Anglophone insurgents began fighting the Cameroonian military in the South-West and North-West regions in 2017 after civilian protests calling for greater representation for the country’s English-speaking minority were violently repressed. The Akwaya district medical officer, Enow Daniel Kewong, told Reuters 26 bodies had been found so far and people were still missing after Saturday’s attack on Ballin village, near the border with Nigeria. He added that the village’s Integrated Health Centre had been burnt down. The member of parliament for the district, Aka Martin Tyoga, said he had been told 32 people had been buried in a mass grave, including six Nigerians. The local military authorities could not immediately be reached for comment. Two local sources said the attack was linked to a festering dispute over land between Ballin’s Ugare ethnic group and the Olitis from the nearby village of Mavass, aggravated by separatist fighters joining forces with the Olitis. The attackers stormed a home where a wake was taking place and shot indiscriminately at the mourners, one source said. Such blurring of the lines between different types of conflict has become increasingly common across the English-speaking regions of Cameroon, where law and order has largely broken down, according to civil society groups. Earlier, Human Rights Watch (HRW) said separatists i

Drug, substance abuse a major problem for Tshwane

Pretoria - Research has found that drug abuse continues to be a common problem in many households in Tshwane, said MMC for Health Rina Marx. Marx made the remarks yesterday as the City observed the International Day Against Drug Abuse and Illicit Trafficking by creating awareness of drugs and alcohol abuse and prioritising active co-operation to create drug-free societies throughout the world. She said to observe the important day, the City lined up various programmes that highlighted the plight of those experiencing substance abuse and offered assistance where needed. Marx said: “A recent study by the South African Community Epidemiology Network on Drug Use found that drug and alcohol abuse in Tshwane was widespread, and that especially cannabis and alcohol were used on a regular basis. About 19% of households that took part in the study indicated that at least one person residing in the household had a substance use problem. “The negative impact of drug and alcohol abuse in communities is well documented. “It has social and economic implications, and leads to the serious disruption of family and community harmony. “Violence, joblessness, women and child abuse, traffic accidents, gangsterism and the general breakdown of the social fibre in communities can often be directly linked to alcohol and drug abuse.” According to the National Drug Master Plan (2019-2024), the world drug problem and related responses continued to present challenges to the health, safety and well-being of people in South Africa. “The country has become a consumer, producer and transit country for drugs. Socio-economic factors such as poverty, inequality and unemployment remain key contributing elements to the increased use of drugs and the development of substance use disorders. “Alcohol is the most widely used psychoactive substance and cannabis is by far the most-used illicit drug on the streets. Most of the deaths in South Africa, as much as 58%, can be attributed to alcoh

How China Telecom is connecting South Africa to the world

How China Telecom is connecting South Africa to the world: CTGNET is committed to providing global internet services to South Africa. â€" MyBroadband South Africa getting state digital infrastructure company â€" with a new spectrum policy: The South African government says it can’t leave the country’s fate in the hands of commercially-driven network operators. â€" MyBroadband How South Africa’s top mobile app development company tripled its business: Codehesion, South Africa’s top mobile app development company, used a highly effective marketing strategy to triple its revenue in two years. â€" MyBroadband Transform your operations with flexible Enterprise Legal Management from CURA: CURA offers an informative and simple Enterprise Legal Management solution that helps your organisation execute an optimal legal management programme efficiently and effectively. â€" MyBroadband Naspers-owned Prosus selling Tencent stock to buy back own shares: Prosus also sold JD.com shares it received from Tencent for $ 3.7 billion (R58.6 billion). â€" MyBroadband Takealot makes R111 million loss despite massive revenue increase: Naspers also reported big growth for Mr D food. â€" MyBroadband Uber Eats promises more “unconventional” options in South Africa: MyBroadband asked Uber Eats what its plans are for South Africa. â€" MyBroadband Submit and get free exposure here: Showcase Your Business | Advertise Your Special Offers.

Prosus nets R58-billion in JD.com stake sale

Prosus nets R58-billion in JD.com stake saleHome » Sections » E-commerce » Prosus nets R58-billion in JD.com stake saleProsus nets R58-billion in JD.com stake saleFacebook Twitter LinkedIn WhatsApp Telegram EmailAn arm of South African Internet giant Naspers sold almost US$4-billion worth of stock in JD.com that it got as dividends from investee Tencent, saying the e-commerce firm didn’t fit with its broader strategy.Naspers subsidiary Prosus sold more than 131.8 million shares in JD it got from Tencent Holdings, about a 4% stake in the online retailer, Prosus said in a statement. “JD.com does not form part of the group’s core strategic focus,” it said in a filing on Monday.Tencent, China’s largest social media company, said in December it planned to distribute its stock in JD.com as dividends to shareholders, a surprise retreat from the e-commerce firm after Beijing moved in 2021 to curtail the power of tech monopolies. The stock was worth about $16-billion at the time.Prosus completed the sale on 24 June, netting aggregate proceeds of about $3.67-billion (R58.3-billion at the time of writing).  â€" Coco Liu and Zheping Huang, (c) 2022 Bloomberg LP

Alexforbes sustainability index shows medical aid schemes are robust with healthy reserves

Alexforbes sustainability index shows medical aid schemes are robust with healthy reserves27 June 2022 Paresh Prema, Health Branch Head, Technical and Actuarial Consulting Solutions at AlexforbesMembership of South African medical schemes was resilient during the Covid-19 pandemic despite rising unemployment and the slowdown in economic growth, according to the latest Alexforbes Sustainability Index.Membership of the analysed medical schemes has remained fairly stable, falling by just 1% during 2020, while the schemes have experienced lower claims which resulted in them accumulating higher reserves.The Sustainability Index gives a broad overview of the performance of medical schemes in the country and attempts to assess the combined impact of key performance statistics on the sustainability of a medical scheme.The results of the Sustainability Index for the individual schemes analysed shows a noticeable increase for 2020 demonstrating the improved health of the medical schemes industry. Overall, for 2020, the pandemic resulted in a reduction in the level of claims experienced by medical schemes with a resultant increase in total reserving levels for medical schemes. The number of members of medical schemes decreased marginally by 1% in 2020 indicating that the membership of medical schemes has been resilient during the pandemic with the rising level of unemployment and slowdown in economic growth over the period.Average age of beneficiaries has steadily been increasing since 2011While the average age of beneficiaries in the medical schemes industry remained fairly constant from 2005 to 2011, there have been significant increases experienced particularly between 2012 and 2017. The average age of all beneficiaries as at 2020 was 33.6 years, up by almost 1% from 33.3 years in 2019. The open scheme average age increased from 34.9 years in 2019 to 35.3 years in 2020, and for restricted schemes it increased marginally from 31.3 years in 2019 to 31.5 years in 2020.As the average beneficiary age c

Six bodies remain unidentified after the Enyobeni tavern tragedy in East London - Breaking news, special reports, world, bus

Six bodies remain unidentified after the Enyobeni tavern tragedy in East London 27 June 2022, 1:05 PM | [File photo] Embalmer Mary Evans prepares the body of a person who died. Image: Reuters [File photo] Embalmer Mary Evans prepares the body of a person who died. The process of identifying the bodies of the 21 people who died in the Enyobeni tavern tragedy in East London is underway. The tavern remains closed while the investigation continues. Police spokesperson Brig Thembinkosi Kinana says not all the bodies have been identified yet . "The death toll is still standing at 21 however, six bodies remain unidentified in the local mortuary an appeal is made to the parents and relatives who may have not seen their children since the past weekend to please make time to make an inquiry by the mortuary. We are also calling on those parents whose children may have survived to please visit hospitals for medical checkups. Police say the investigation team is still on site piecing together the events leading up to the tragedy. "The SAPS requests to be given sufficient space and time to conclude the investigation. At an appropriate time, a formal statement on the outcome of the investigation will be made by the relevant authority. We have not made any arrests at this stage, Kinana adds. Overcrowding The entertainment manager of Enyobeni Tavern, Promise Matinise, says there was a lack of manpower to deal with the overcrowding at the establishment. Matinise says some patrons even forced their way into the tavern. He says they did everything possible to try and control the situation. "We did everything we could to make sure that everyone is safe here but when it started to be overcrowed we lost control and our capacity could not accommodate everyone. We did not know what to do so we could not control the commotion a lot of people arrived here from other places and they were drunk. We tried to control it so we do not know what happened because we’ve always hosted events here we did not expect peop

VOD - VODACOM GROUP LIMITED - 2022 BEE compliance certificate - 27/06/2022

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Drug, substance abuse a major problem for Tshwane

Pretoria - Research has found that drug abuse continues to be a common problem in many households in Tshwane, said MMC for Health Rina Marx.Marx made the remarks yesterday as the City observed the International Day Against Drug Abuse and Illicit Trafficking by creating awareness of drugs and alcohol abuse and prioritising active co-operation to create drug-free societies throughout the world.She said to observe the important day, the City lined up various programmes that highlighted the plight of those experiencing substance abuse and offered assistance where needed.Marx said: “A recent study by the South African Community Epidemiology Network on Drug Use found that drug and alcohol abuse in Tshwane was widespread, and that especially cannabis and alcohol were used on a regular basis.About 19% of households that took part in the study indicated that at least one person residing in the household had a substance use problem.“The negative impact of drug and alcohol abuse in communities is well documented.“It has social and economic implications, and leads to the serious disruption of family and community harmony.“Violence, joblessness, women and child abuse, traffic accidents, gangsterism and the general breakdown of the social fibre in communities can often be directly linked to alcohol and drug abuse.”According to the National Drug Master Plan (2019-2024), the world drug problem and related responses continued to present challenges to the health, safety and well-being of people in South Africa.“The country has become a consumer, producer and transit country for drugs. Socio-economic factors such as poverty, inequality and unemployment remain key contributing elements to the increased use of drugs and the development of substance use disorders.“Alcohol is the most widely used psychoactive substance and cannabis is by far the most-used illicitdrug on the streets. Most of the deaths in South Africa, as much as 58%, can be attributed to alcohol consumpt

Uber Eats enjoys the flavour of business growth in Kenya

Uber Eats enjoys the flavour of business growth in Kenya Read time: 3 minutes By Staff Writer , ITWeb Kenya , 27 Jun 2022 Uber Eats in Kenya has grown its business by 5.2% year-on-year, with gross bookings up by 20.7% year-on-year, and has done so by attracting more first-time customers and by leveraging deliberate upscaling and diversification. The online e-commerce company launched in Kenya four years ago in Nairobi and has since expanded to Mombasa and Nakuru. The company says the growth has been largely driven by a steady increase in first-time consumers, but also by deliberate upscaling and diversification of the Uber Eats platform "through working with key restaurant partners and the addition and expansion of grocery and convenience orders. Since 2013, Uber and Uber Eats claim to have collectively reached over 30 million riders and eaters in Sub-Saharan Africa. Kui Mbugua, General Manager, Uber Eats Kenya, says, "We are excited to be celebrating four years in Kenya. It has been phenomenal to see the impact that we have had on consumers, delivery people and restaurants. We initially began by having only restaurants in 2018 but have since expanded this to new categories with the goal of increasing engagement and loyalty with our platform. Our category selection currently has multiple key restaurant players in the industry, supermarkets such as Chandarana, pharmacies such as Good Life, flower vendors, gas shops, water delivery shops and - even pet food delivery, while working with a range of partners that cater to every pocket. In a statement, the company adds: "In 2021, the smallest order was one banana, while our largest grocery order was over 12 items which included flavoured milk, long-life milk, chocolate, energy drinks, and coffee, to name a few. See Also Uber partners Kampala driving schools to launch certification According to Uber Eats, the top four most frequented cuisines in Kenya include: American, Indian, as well as fast food. Uber Eats has also made a striking change at ea

Cyprium announces A$50m prepayment offtake agreement for Nifty restart

Australian firm Cyprium Metals has entered into a letter of intent (LoI) with commodities trader Glencore for a A$50-million offtake prepayment facility, as part of a targeted A$240-million to A$260-million funding package to finance the restart of the Nifty copper project, in Western Australia. In terms of the LoI, Glencore will take 100% of the Phase 1 copper cathode produced at Nifty, up to 120 000 t at prices to be determined at average market rates. “We are very pleased to enter into an exclusive LoI for a copper cathode offtake secured prepayment facility with Glencore. This is part of a fully funded finance package for the Nifty copper project,” said MD Barry Cahill. He noted that the Nifty restart project economics were robust and that the company continued to make further improvements to the project during the financing process. A March 2022 restart study estimated that Nifty would require a capital injection of A$149-million, and that it could produce 25 000 t/y of copper cathode. The Nifty operation has produced more than 700 000 t of copper metal between commencement of the oxide operation in 1993 and November 2019, when the mine was placed into care and maintenance. The single deposit is still ranked in the top 20 copper mineral resources by in-situ copper metal tonnes in Australia, with considerable potential to increase this further.

Naspers selling off Tencent shares

Naspers selling off Tencent sharesMonday 27 June 2022 - 3:15pmFile: The Naspers logo. Wikimedia CommonsJOHANNESBURG - Naspers and Prosus have initiated a plan to slowly sell off parts of its stake in Chinese tech giant Tencent.The companies say the sale is in aid of buying back their own shares.The companies hold around a 29 percent stake in Tencent, which is worth more than R2-trillion.

Business Analyst at RecruiTech

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Takealot Group grows revenue to R13 billion, still makes R111 million loss

You are using an out of date browser. It may not display this or other websites correctly.You should upgrade or use an alternative browser .Takealot Group grows revenue to R13 billion, still makes R111 million lossTakealot grew its gross merchandise value by 34% and revenue by 27%, Naspers reported in its annual results for the period 1 April 2021 â€" 31 March 2022.Naspers noted that these percentages represent growth in local currency, excluding mergers and acquisitions. My candle is still burning for Amazon... If they hit $1 billion turnover next year, that would be absolutely massive. It's even more impressive when you consider how depressed the South Africa economy is and how many families don't actually have the disposable income to spend.For the first time I think they may actually manage to be profitable n the near future. when i saw the headline i instantly knew it was because of those massive markdowns on their products. #5Rupert's Monopoly.Of course, they are spending a fk ton of money on new warehouses. Has anyone seen the mammoth collection points. This stuff ain't cheap.Doesn't that mean higher expenses?Which if there's such a big loss means, which counts toward the "loss" in revenue, which is a was to pay less tax l?I think there's more sinister to all this than anything ethical.There's no ethical corporation in this world. If they hit $1 billion turnover next year, that would be absolutely massive. It's even more impressive when you consider how depressed the South Africa economy is and how many families don't actually have the disposable income to spend.For the first time I think they may actually manage to be profitable n the near future.Pretty sure a large portion of this revenue for which they were unprofitable comes from smaller players who don't have theabilityluxury to run a business and not be profitable. Amazon made their first modest profit after 6 years. Every time you buy something from Takealot, you are taking money from news24. Ryannz

Suspects to appear in court on firearm related charges and business robbery

Suspects to appear in court on firearm related charges and business robbery Posted on June 26, 2022 Author sjadmin Comments Off on Suspects to appear in court on firearm related charges and business robbery CAPE TOWN - This morning at about 00:10 members attached to Delft Crime Prevention Unit arrested a 33-year-old male for the possession of an unlicensed firearm and ammunition at N2 Gateway. The members were busy with crime prevention duties in an effort to curb ongoing shooting and gang violence in the area when they received information about a male reportedly in possession of a firearm. The suspect fitting the description was apprehended and found in possession of a 9mm pistol with ammunition. The suspect is due to appear in the Bellville Magistrates court on Tuesday, 28 June 2022. In an unrelated matter, four suspects between the ages of 24 and 32 were arrested by Saldanha Bay police on a charge of business robbery. They are accused of an armed robbery committed at a supermarket in Viool Street, Diazville, Saldanha Bay on Saturday afternoon at about 17:50 where an undisclosed amount of cash and a cellphone were taken. The stolen items as well as two 9mm pistols were recovered. Once charged the suspects will appear in the Vredenburg Magistrate&rsquo;s Court. Source: South African Police Service Related Posts

SocGen CEO sees organic African growth in ‘uncertain climate’

Societe Generale SA chief executive officer Frederic Oudea said the French lender wants to grow organically in Africa amid uncertainties such as the post-pandemic recovery and insecurity. Oudea, who will be bringing an end to his 15-year reign at the bank next year, told journalists in the Ivorian commercial hub, Abidjan, Friday that he sees the African business, which makes up about 8% of revenue, expanding gradually. That seemingly rules out any interest in picking up the two West African assets French rival BNP Paribas is seeking to exit. “Geographic expansion is not a priority,” said Oudea, stating that the lender prefers to consolidate its presence in markets where it’s a leader or has the potential to become one. “The priority is to continue a very dynamic organic growth in a very uncertain climate from the Covid-19 crisis and new geopolitical challenges.” SocGen’s Ivorian unit, which invited the Paris-based executive and other top officials to mark its 60th year in operation, has opened a department dedicated to financing the green economy to contribute to the bank’s global push to raise 300 billion euros ($317 billion) for such deals over the next few years, Oudea said. SocGen, which has a presence in 19 African countries, has also been leveraging a three-year-old partnership with Johannesburg-based Absa Group to extend its reach on the continent.“Covid and in part the South African situation have slightly impacted that collaboration’s dynamism in recent months,” said Laurent Goutard, who heads international banking for several regions including Africa. “We are working to ensure that that partnership continues to grow.”Mozambique LNG projectA fresh wave of attacks by an Islamic State affiliate in northern Mozambique has also threatened to further delay TotalEnergies SE’s $20 billion liquefied natural gas project.The project, for which SocGen is the lead financial adviser, will likely be suspended unt

Ninety One ready to swoop on cheaper shares after global rout

The world may be teetering on the brink of a recession that has sparked a slide in stock markets worldwide, but that isn’t deterring SA’s biggest listed asset manager from looking for buying opportunities in the ashes of the market rout. Ninety One, which was spun out of Investec in 2020 and oversees £143.9bn (R2.8-trillion) in assets, says that while it has trimmed the equity holdings in its general equity and balanced portfolios as part of a more defensive stance, it is already looking to buy quality stocks, which are suddenly looking cheaper thanks to the recent market mayhem. That’s despite portfolio manager Hannes van den Berg, Ninety One’s co-head of SA equity and multi-asset, saying there’s probably a 50/50 risk of a worldwide recession. "If you want to deliver inflation-beating returns over time you’ve got to be able to look through the short-term noise and start thinking of how to appropriately position your portfolio to benefit once we recover from this sell-off," Van den Berg said in an interview. "Given that there’s been a roughly 20% pullback in global markets year to date, and we’re also down about 10% so far in the SA market, there have to be opportunities. Van den Berg says that while Ninety One reduced its offshore equity exposure as early as January and February in favour of cash, it has also trimmed some of its SA holdings such as platinum group metal miners and retailers in favour of more defensive stocks. These more defensive SA counters include British American Tobacco (BAT) and grocery retailer Shoprite, which could get a tailwind from food inflation and market share gains as consumers seek more affordable shopping options. Ninety One also favours SA banks, which stand to benefit from rising interest rates. While higher rates put consumers under pressure, Van den Berg says SA banks are well provisioned and thanks to their good capital position are expected to continue paying dividends."We think SA banks are a

Ninety One ready to swoop on cheaper shares after global rout

The world may be teetering on the brink of a recession that has sparked a slide in stock markets worldwide, but that isn’t deterring SA’s biggest listed asset manager from looking for buying opportunities in the ashes of the market rout.Ninety One, which was spun out of Investec in 2020 and oversees £143.9bn (R2.8-trillion) in assets, says that while it has trimmed the equity holdings in its general equity and balanced portfolios as part of a more defensive stance, it is already looking to buy quality stocks, which are suddenly looking cheaper thanks to the recent market mayhem. That’s despite portfolio manager Hannes van den Berg, Ninety One’s co-head of SA equity and multi-asset, saying there’s probably a 50/50 risk of a worldwide recession."If you want to deliver inflation-beating returns over time you’ve got to be able to look through the short-term noise and start thinking of how to appropriately position your portfolio to benefit once we recover from this sell-off," Van den Berg said in an interview."Given that there’s been a roughly 20% pullback in global markets year to date, and we’re also down about 10% so far in the SA market, there have to be opportunities."Van den Berg says that while Ninety One reduced its offshore equity exposure as early as January and February in favour of cash, it has also trimmed some of its SA holdings such as platinum group metal miners and retailers in favour of more defensive stocks. These more defensive SA counters include British American Tobacco (BAT) and grocery retailer Shoprite, which could get a tailwind from food inflation and market share gains as consumers seek more affordable shopping options.BanksNinety One also favours SA banks, which stand to benefit from rising interest rates. While higher rates put consumers under pressure, Van den Berg says SA banks are well provisioned and thanks to their good capital position are expected to continue paying dividends."We think SA banks are

May inflation figures point to more rate hikes

In the week the last Covid regulations were lifted, enabling theatres, restaurants and cinemas to pack in patrons, inflation figures for May indicate that consumers will have less money to spend on leisure. StatsSA reported this week that the May consumer price index (CPI) hit 6.5% â€" from 5.9% in April and 5.2% in May last year. The May data means inflation has breached the Reserve Bank’s inflation target range of between 3% and 6%, signalling that interest rate hikes could be higher than expected. Economists forecast a hike of up to 75 basis points when the monetary policy committee (MPC) meets on July 21. The current repo rate is 4.75%. For consumers with home loans and other debt, monthly repayments will go up. Should rates be hiked by 75 basis points next month, a consumer with a R1.2m home loan over 20 years will see monthly repayments increase from about R10,200 to about R10,780. To finance a loan on an entry-level Suzuki S-Presso worth R156,900, consumers paying about R2,940 a month now can expect that figure to rise by about R60. Lebogang Gaoaketse, head of marketing and communication at WesBank, said rising inflation will place stress on household income as the cost of living increases. “The direct impact of this will be affordability when it comes to vehicle purchases and a strain on consumers who already have vehicle finance agreements.”4.75%The Reserve Bank’s current repo rateGaoaketse said inflation, particularly in the used-vehicle market, was already a barrier to entry for buyers due to the scarcity of good stock. The shortage of new vehicles due to the effects of the pandemic, in addition to the unavailability of certain parts from Eastern Europe because of the war in Ukraine, was compounding the situation.“We anticipate that vehicle prices across the board, including entry-level vehicles, both new and used, will increase in the coming months, and the average monthly repayments for vehicles will increase too.”Hayley Parry, money

PHANTOM SHARES: The Finance Ghost: Not all REITs are created equal

While specialist real estate investment trust Stor-Age is busy getting on with its core business, Fortress is in a fight for survival. Stor-Age is a specialist real estate investment trust (REIT) focusing on, well, storage. This is one of the most dependable funds on the JSE, having achieved a total accounting return for the year ended March 2022 of 16.5%.  The group is geographically diversified, with R4.9-billion in local assets and R5.3-billion in UK assets. The fund enjoys a significant development pipeline and strong support from investors, having raised R575-million in an oversubscribed accelerated bookbuild in January. The share price is trading at a slight premium to the net asset value per share. In stark contrast, Fortress REIT is staring down the barrel of potentially being the first REIT on the JSE to lose that status through not meeting the rules for paying dividends.  The fund’s complicated dual-share class structure is causing major headaches, as the rules aren’t allowing a dividend because the fund isn’t achieving the benchmark required to trigger a dividend payment. To avoid losing REIT status in the next few months, Fortress is proposing that the classes be collapsed into a single share class. The trouble is that investors are fighting over the ratio for the deal, as A shareholders and B shareholders have opposing views on the relative values of the shares. Stor-Age is busy getting on with its core business. Fortress is in a fight for survival as a REIT. City Lodge Hotels is returning to normal. Occupancies in May 2022 were in line with May 2019, so staff salary reductions were finally lifted. The hospitality group has had positive monthly cash flows since February 2022 and is busy refinancing R600-million in debt.  Although the company looks set for another headline loss in the year ending June 2022, the momentum into the next financial year is clearly positive. This is in line with what I’m seeing overseas in earnings results from co

R700m abandoned Carletonville hospital vandalised - LNN

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

Numsa condemns shopsteward’s murder in Rustenburg

The National Union of Metalworkers of South Africa (Numsa) has condemned the murder of its shopsteward at Implats in Rustenburg, North West. Mahlomola Hlothoane was shot and killed on Friday night at his home in Rustenburg by two unknown gunmen, according to Numsa general secretary Irvin Jim. “Comrade Mahlomola was a Numsa shopsteward who assisted the union by coordinating recruitment and mobilising workers at Implats. “We are deeply shocked and saddened as a trade union that we have lost a leader who was dedicated to the struggle of workers,” Jim said in a statement on Sunday. Numsa sent its condolences to Hlothoane’s family, saying his murder was the second official of the union who was murdered for allegedly organizing workers at Implats. “Last year we buried comrade Malibongwe Mdazo who was assassinated in a similar fashion. His killers have not been found.” Numsa demanded that the South African Police Service urgently find and arrest those who are responsible for the murders. “It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice. “We demand justice for these murders and we demand that the police must ensure that the community of Rustenburg, particularly in the immediate surrounding area of Implats is safe for all who live there.” South African entrepreneur, Mohale Motaung is all over social media after his alleged bae has been revealed. Somizi Mhlongo’s ex-husband and his new bae’s steamy pictures have been making rounds on social media. It all started when Mohale shared pictures of himself with a mystery man in a bathtub which people think is his new boyfriend. Learn More

Iraqi PM arrives in Iran after Saudi visit to push for revival of Tehran-Riyadh talks - Breaking news, special reports, worl

Iraqi PM arrives in Iran after Saudi visit to push for revival of Tehran-Riyadh talks 26 June 2022, 1:52 PM | Iraqi Prime Minister Mustafa al-Kadhimi Image: Reuters Iraqi Prime Minister Mustafa al-Kadhimi Iraqi Prime Minister Mustafa al-Kadhimi arrived in Iran on Sunday, Iranian state TV reported, a day after he travelled to Saudi Arabia in a bid to revive talks between the regional rivals to ease years of hostility. Iran and Saudi Arabia, the leading Shi’ite and Sunni Muslim powers in the Middle East, severed ties in 2016, with both parties backing allies fighting proxy wars across the region, from Yemen to Syria and elsewhere. "The Iraqi prime minister has arrived in Tehran with a high-ranking delegation of political and economic officials to discuss regional and bilateral issues, Iran’s state TV said. Tensions between Iran and Saudi Arabia rose further in 2019 after an assault on Saudi oil plants that Riyadh blamed on Iran, a charge Tehran denies. An Iranian official told Reuters that "the resumption of talks between Tehran and Riyadh will be discussed during Khadimi’s trip to Iran. The fifth round of talks were held in April, after Iran suspended the negotiations in March without giving a reason but the decision was made following Saudi Arabia’s execution of 81 men in its biggest mass execution in decades. Tehran condemned the executions that activists said included 41 Shi’ite Muslims. On Saturday, Kadhimi held talks with Saudi de facto ruler Crown Prince Mohammed bin Salman in Jeddah that the state news agency SPA said included bilateral relations and "boosting security and stability in the region. Kadhimi’s visit comes as a months-long impasse in the indirect talks between Tehran and Washington is expected to break in the coming days to secure a 2015 nuclear pact which curbed Tehran’s nuclear programme in exchange for sanctions relief. US President Joe Biden is expected to visit Riyadh in mid-July and talks are expected to include Gulf

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.35 seconds agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon wit

Deactivating Kenya’s Toxic Trolls One Step at a Time

Deactivating Kenya’s Toxic Trolls One Step at a TimeJun 26, 2022Africa __ NewsWritten by Umamah Bakharia Amid the growing number of online trolls in Kenya, a mother launches a cyberattack of kindness. Concerned about her kids growing up in Kenya’s toxic cyberspace, banker-by-day Marjoline Kirima decides to launch an online kindness campaign. She founded the End Cyberbullying Association with dreams of making the online world safer.   In a discussion on cyberbullying in Africa with Radio Islam, Kirima says the issue of trolling is quite dire in Kenya.“Its quite a bit thing and it does not matter who is a target, it can be a child, it can be an adult,” says Kirima. She adds that there was a time when the Kenyan president had to deactivate his account as he has getting severely cyberbullied.The campaign, ‘Be Kind’, promotes a culture of kindness at schools, and communities, online and offline. “We aim to make compassion a social norm amongst people in the community,” says Kirima.She says that the lack of information about cyberbullying is one of its main causes.Currently, Kenya has a cyber crimes bill that has not been received very well by the public as they argue that it limits the freedom of speech. “Its a middle ground, most people want it because it will help to curb cyberbullying but then a line has not be drawn on what exactly is cyber bullying,” says Kirima.She reiterates that there is a lack of information about cyberbullying in Kenya.Share this:[LISTEN] Expert: South Africans Observed COVID Regulations Far Longer than Necessary, to Serve Govt Interests  Umm Muhammed Umar South Africans breathed a collective sigh of relief earlier this week when the announcement that face masks would no longer be required to be worn in public was announced. There is also no longer any limit to the number of attendees at public...Seventh-century mosque uncovered in Negev Desert courseBy Neelam Rahim Israeli archaeologi

Limpopo residents concerned about illegal harvesting of the Matumi tree - Breaking news, special reports, world, business, s

Limpopo residents concerned about illegal harvesting of the Matumi tree 26 June 2022, 5:02 PM | Lutendo Bobodi | @SABCNews FILE PHOTO: An aerial view shows a deforested plot of the Amazon rainforest in Rondonia State, Brazil September 28, 2021. Picture taken September 28, 2021. REUTERS/Adriano Machado/File Photo Image: Reuters FILE PHOTO: An aerial view shows a deforested plot of the Amazon rainforest in Rondonia State, Brazil September 28, 2021. Picture taken September 28, 2021. REUTERS/Adriano Machado/File Photo Residents of Tshidzini village near Thohoyandou in Limpopo are concerned over the illegal harvesting and smuggling of Breonadia salicina trees, which are also known as Mingerhout or the Matumi tree. The protected trees - often referred to as the woodworker’s friend because of their hard and heavy wood, are widely used in the manufacturing of fine furniture and vehicle dashboards. Locally known as Mutulume, it is one of the strongest and oldest known indigenous trees. It is mainly found in wet, tropical regions like the Vhembe district in Limpopo. Good for conservation It grows along river banks and the oldest are believed to be several thousand years old. Ecologists say the tree preserves water and provides refuge for wildlife such as birds and snakes. Tshidzini community representative, Robert Magara, says they are working with the relevant authorities to protect the trees. "We are very much concerned about what is happening. This is a very important tree because we get water from it. So, it preserves water. Some people get medicine from it. It also helps us as a windbreaker during windy seasons. We have to protect it! Magara adds. The breonadia salicina is protected under National Forest Act of 1998. Ecologist Ndivhuho Khantshi says the harvesting and smuggling of the tree are illegal and carry a minimum sentence of three years in prison. Khantshi explains, "Mutulume is protected under the National Forest Act number 94 of 1998, under Section 15 sub-section 1, where it ci

Several explosions in Kyiv's central district: Mayor - Breaking news, special reports, world, business, sport coverage of al

Reuters | @SABCNews Firefighters worker to put out a fire as smoke rises from a residential building damaged by a Russian missile strike, as Russia's attack on Ukraine continues, in Kyiv, Ukraine June 26, 2022. Image: Reuters Firefighters worker to put out a fire as smoke rises from a residential building damaged by a Russian missile strike, as Russia's attack on Ukraine continues, in Kyiv, Ukraine June 26, 2022. Several explosions took place early on Sunday in the Shevchenkivskiy district of the Ukrainian capital Kyiv, the city’s mayor Vitali Klitschko said on the Telegram messaging app. There was no immediate information on the cause of the explosions or casualties. "Ambulance crews and rescuers dispatched to the scene. More detailed information - later, Klitschko said. "Residents are being rescued and evacuated from two buildings. The historic district, one of Kyiv’s central, is home to a cluster of universities, restaurants and art galleries. Russia invaded Ukraine on February 24 but abandoned an early advance on Kyiv in the face of fierce resistance bolstered by Western arms. Since then Moscow and its proxies have focused on the south and Donbas, an eastern territory made up of Luhansk and its neighbour Donetsk, deploying overwhelming artillery in some of the heaviest ground fighting in Europe since World War Two. Share article

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.5 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without

Advocacy groups raise concerns regarding ongoing Judge Hlophe case - Breaking news, special reports, world, business, sport

Advocacy groups raise concerns regarding ongoing Judge Hlophe case 26 June 2022, 1:42 PM | SABC | @SABCNews [File photo] Cape Town High Court Judge President Hlophe is accused of trying to influence Constitutional Court judges in a case involving former president Jacob Zuma. Image: GCIS [File photo] Cape Town High Court Judge President Hlophe is accused of trying to influence Constitutional Court judges in a case involving former president Jacob Zuma. Judicial advocacy groups are concerned over yet another lengthy process in the Western Cape Judge President’s conduct case. Last August, he was found guilty of gross misconduct by the Judicial Services Commission. Judge John Hlophe was granted leave to appeal a High Court judgment that paved the way for him to face an impeachment vote in Parliament. He can now appeal that ruling at the Supreme Court of Appeal. 14 years on and still no finality on the conduct of Western Cape Judge President John Hlophe. The Judicial Conduct Tribunal concluded its lengthy inquiry into his conduct -finding Hlophe guilty of attempting to influence the judicial process. The Tribunal was headed by retired Judge Joop Labuschagne, Supreme Court of Appeal Judge Tati Makgoka, and attorney Nishani Pather. After over a decade of back-and-forth testimony and challenges, they found Hlophe guilty of trying to influence Constitutional Court Justices Bess Nkabinde and Chris Jafta to rule in favour of former ANC president Jacob Zuma who was facing trial for corruption in the arms deal matter. Hlophe has consistently maintained his innocence. The Judicial Service Commission upheld recommendations for him to face impeachment proceedings before Parliament - however, Hlophe has challenged the finding. In May a full bench of the Johannesburg High Court dismissed his application, however this week he was granted leave to appeal. "The High Court identified three main reasons; firstly, the case involves the administration of justice and integrity of the judiciary. Second, the c

Schauffele leads Travelers Championship - Breaking news, special reports, world, business, sport coverage of all South Afric

Schauffele leads Travelers Championship XanderSchauffele with his caddy at the Traveers Championship in Conneticut Image: @XShauffele XanderSchauffele with his caddy at the Traveers Championship in Conneticut American Xander Schauffele has maintained his lead in the Travelers Championship in Cromwell, Connecticut. The Tokyo Olympic Games gold medallist wasn’t as hot as in the first two rounds, but his three-under Par 67 was good enough to ensure a one-stroke lead going into the final round at the TPC River Highlands. Schauffele made four birdies and a bogey - his first of the week - and is on 193, 17-under-par, one stroke clear of compatriot Patrick Cantlay. Meanwhile, Irishman Padraig Harrington, has a five-stroke lead after the third round of the US Seniors Open in Pennsylvania. The three-time major winner carded a five-under-par 66 on the old course at the Saucon Valley Country Club near Bethlehem and is 11-under-par for the tournament. South Africa’s Ernie Els who won two US Opens, is in fourth place after a round of 67. He is seven strokes behind Harrington. Schauffele is action at the Travelers Championship: Strong finish on the last 3 holes @TravelersChamp . Same time tomorrow @patrick_cantlay pic.twitter.com/3x9jp7kW1L

R700m abandoned Carletonville hospital vandalised - LNN

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

EFF rejects Zondo Commission findings saying it neglected corrupt dealings of white people - Breaking news, special reports,

EFF rejects Zondo Commission findings saying it neglected corrupt dealings of white people 26 June 2022, 10:00 PM | Zoleka Qodashe | @SABCNews EFF Leadership at the Freedom Charter monument where the demands of the Charter are written in Kliptown- Freedom Square. Image: Twitter: @EFFSouthAfrica EFF Leadership at the Freedom Charter monument where the demands of the Charter are written in Kliptown- Freedom Square. During his address in Kliptown, Soweto on Saturday, where the party observed the 67th commemoration of the adoption of the Freedom Charter in the area, EFF leader, Julius Malema rejected the findings of the State Capture report. Malema says the report has zoomed in on the activities of black leaders while neglecting the corrupt dealings of white people. Watch: EFF commemorates 67th anniversary of The Freedom Charter: Chief Justice and State Capture Commission Chairperson, Raymond Zondo officially handed over Parts Five and Six of the report to President Cyril Ramaphosa last week, Wednesday. The Freedom Charter was adopted at the Congress of the People in 1955 and has become a blueprint of the political, economic, and social structure that the people of South Africa demanded. It would later pave the way for the country&rsquo;s democratic dispensation after the apartheid era. Malema says the Zondo report is not worth the paper it is written on. He says the state capture that they supported is not what Zondo has produced. He has reiterated that they were not investigating who captured the state, but were investigating which black person took the business of white people. "All we asked the commission to do was to check the relationship between Zuma and the Guptas and to check if the Guptas did not influence the removal of Nhlanhla Nene overnight. Why is there no report about multinational companies that are avoiding tax in South Africa colluding with the banks? It is because they are white-owned. We reject the Zondo Commission Report. Share article

Lamola says reports of foul play in final Zondo Commission report are unfounded - Breaking news, special reports, world, bus

Lamola says reports of foul play in final Zondo Commission report are unfounded 26 June 2022, 7:17 PM | Aphumelele Mdlalane | @SABCNews Minister of Justice and Correctional Services, Ronald Lamola briefing media on the outcomes of the Cabinet meeting held on 5th August 2020. Image: Flickr Minister of Justice and Correctional Services, Ronald Lamola briefing media on the outcomes of the Cabinet meeting held on 5th August 2020. The ANC National Working Committee (NWC) member, Ronald Lamola, says claims that the Zondo Commission report is directed from somewhere and aims at hitting certain people are unfounded. While addressing the masses at a rally by the Young Communist League of South Africa (YCLSA) to commemorate the youth of 1976 in Ficksburg, in the Free State, Lamola stressed that all those who are implicated in the report will face the full might of the law. Lamola says the NWC is going through the reports and is working on implementation. He says it is not going to be an easy task, but rather a painful one, especially when it is those who are close to them. "Sometimes it’s our friends, our family members, our comrades but the law is the law. For us, to restore the trust and confidence of our people in society, what is in that report must be implemented. Obviously, there is a beginning of conspiracies that are being directed from somewhere, which we must dispute and there is no such. There is no one who directed the judge to do his job. The SACP’s First Deputy General Secretary, Solly Mapaila, says those implicated must be made to account "People must not run away from accountability, by trying to attack and condemn the commission’s report. We must thank Chief Justice Zondo for the work that he has done. SA owes them a great latitude of respect. The communist party, as you know, even though Zondo and everyone don’t say it, we were the first to call for this commission. The league says the structure of the economy should include the youth. And that a generat

Filipina wins transgender pageant in Thailand - Breaking news, special reports, world, business, sport coverage of all South

Filipina wins transgender pageant in Thailand 26 June 2022, 3:12 AM | Reuters | @SABCNews First runner-up Jasmine Jimenez of Colombia and second runner-up Aela Chanel of France kiss Crown Winner Fuschia Anne Ravena of the Philippines after Miss International Queen 2022 transgender beauty pageant in Pattaya City, Thailand June 25, 2022. Image: Reuters First runner-up Jasmine Jimenez of Colombia and second runner-up Aela Chanel of France kiss Crown Winner Fuschia Anne Ravena of the Philippines after Miss International Queen 2022 transgender beauty pageant in Pattaya City, Thailand June 25, 2022. Filipina Fuschia Anne Ravena was crowned Miss International Queen 2022 on Saturday at a contest in Thailand billed as the world&rsquo;s largest and most popular transgender pageant. The 27-year-old business owner beat 22 other contestants for the crown, with the second and third place going to contestants from Colombia and France, respectively. "My first message to everyone is to spread love and peace and unity because that is the most important thing that we do as of the moment and what&rsquo;s happening in the world right now, said Ravena who wore a glittery-silver evening gown. The pageant, which was halted for almost two years because of the pandemic, resumed in the Thai seaside town of Pattaya during Pride Month to also celebrate gender equality, said Alisa Phanthusak, the CEO of Miss Tiffany Show, the organiser. The contest, which brings together transgender people from around the world, was launched over a decade ago to help transgender women feel more accepted by society. Thailand has one of Asia&rsquo;s most open and visible lesbian, gay, bisexual, and transgender (LGBT) communities, adding to its image of tolerance and attraction as a liberal holiday destination for foreign tourists. But activists say Thai laws and institutions have yet to reflect changing social attitudes and still discriminate against LGBT+ people and same-sex couples. Share article

AusTebza

AusTebzaJazz / Dsg HallDubbed “The Groove Queen” by her peers and fans, Krugersdorp-born AusTebza is known for her skill on the bass and vocals. She spent 12 years playing the bass guitar for the renowned Hip Hop Pantsula (HHP), and launched her solo career in 2019. Of her time spent playing in HHP’s band, she says simply, “You may sound good by yourself, but you will always sound better when you are in harmony with others”. AusTebza has performed with the likes of Simphiwe Dana, Bucie, Wouter Kellerman, Proverb, and Laurie Levington and her incredibly successful “Going Home” and subsequent album “Make a Difference” was followed by her latest album “Motheo” in 2021. The album was originally meant to be launched at the Cape Town International Jazz Festival in March 2020, but its release was delayed due to Covid-19. AusTebza is a must-see for fans of Afropop and South African groove.We are grateful to Pro Helvetia Johannesburg, the Swiss Arts Council and Fonds Podium Kunsten Performing Arts Fund NL for making this performance possible.PRODUCTION CREDITSLocation: Worcester St, Grahamstown, Makhanda, 6139Ticket Price: R120.00

American Ress wins 50m backstroke gold after review, McIntosh takes 400m medley - Breaking news, special reports, world, bus

American Ress wins 50m backstroke gold after review, McIntosh takes 400m medley 26 June 2022, 2:01 AM | Reuters | @SABCNews FINA World Championships-Duna Arena, Budapest, Hungary - June 25, 2022 Gold medallist Hunter Armstrong of the U.S. celebrates on the podium after winning the men's 50m backstroke final Image: Reuters FINA World Championships-Duna Arena, Budapest, Hungary - June 25, 2022 Gold medallist Hunter Armstrong of the U.S. celebrates on the podium after winning the men's 50m backstroke final American Justin Ress won gold in the 50m backstroke in dramatic circumstances at the world championships in Budapest on Saturday after officials overturned his initial disqualification following a lengthy review. Victory was earlier awarded to compatriot Hunter Armstrong after it was ruled that no part of Ress’s body was above the water as he reached first for the wall. Ress, who had set the pace in the heats and the semi-finals, was later reinstated as the winner and the medal ceremony held again, with Armstrong taking silver and Polish teenager Ksawery Masiuk having to settle for bronze. Canadian Summer McIntosh continued her superb run in the Hungarian capital after the 15-year-old beat fellow teen Katie Grimes of the United States to collect the 400m medley title. U.S. swimmer Emma Weyant came a distant third. "It’s really cool to race someone like Katie as she is around my age and she’s a really tough competitor, said McIntosh. "So I’m looking forward to racing her and keep pushing myself. Gregorio Paltrinieri, gold medallist at the Rio Olympics, set a new championship record in the 1,500m freestyle, comfortably finishing ahead of Robert Finke and Florian Wellbrock in a time of 14:32.80. The Italian looked on course to break Sun Yang’s world record of 14:31.02 but faded in the last 100 metres. "So many people thought I was finished. I am not a person who lets himself be influenced by others but in these days I had enough doubts, Paltrinieri, 27, told

Six people killed in a collision outside Tzaneen, Limpopo - Breaking news, special reports, world, business, sport coverage

Six people killed in a collision outside Tzaneen, Limpopo 26 June 2022, 7:47 AM | Image: SABC News File Image. Accident scene. Six people were killed in a collision involving two sedans on the R71 near Letsitele-Letaba junction outside Tzaneen in Limpopo. Five were burnt beyond recognition as the two vehicles caught fire after the collision. Transport department spokesperson Mike Maringa says the collision happened after one of the vehicles lost control due to apparent speeding and collided head-on with an oncoming vehicle. MEC Mavhungu Lerule Ramakhanya has conveyed her heartfelt condolences to the families of the people that were killed in the horrific accident on R71. The MEC has also expressed her concern about the increasing number of accidents that are happening over the weekend in the early hours of the morning she is calling on motorists to obey the rules of the road. Share article

R700m abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m abandoned Carletonville hospital vandalisedR700m abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.1 hour agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury r

ANC Gauteng Provincial Conference taking longer than expected - Breaking news, special reports, world, business, sport cover

ANC Gauteng Provincial Conference taking longer than expected 26 June 2022, 9:49 PM | [File Image] ANC supporter holding a flag Image: SABC File image [File Image] ANC supporter holding a flag It appears as if the ANC’s Gauteng Provincial Conference could go longer than anticipated. Voting is currently underway at the Lakes Hotel in Benoni, east of Johannesburg, where delegates are deciding on who the new provincial leadership will be. The conference was plagued by delays in the adoption of credentials, as well as a court interdict filed to halt the conference yesterday. Mzi Khumalo, who is vying for the position of Deputy Chairperson, says that there are discussions underway on how to proceed with the conference. "The discussions have two proposals; one is that let us go to commissions tonight, (and) the other proposal says let us not be seen as maliciously complying, let’s think of a special PGC and which PGC would execute the work that was supposed to be executed today, says Khumalo. Video: Final day of ANC Gauteng provincial conference Voting for the ANC Gauteng top five leadership has taken place in Benoni, east of Johannesburg, where the party is holding its 14th Provincial Conference. More than 1000 delegates from the different branches and regions of the ANC across Gauteng, have been confirmed to be the legitimate participants in the conference.

Numsa shop steward gunned down in Rustenburg

Mawazo Writing AfricaNumsa shop steward gunned down in RustenburgMawazo Writing Jun 26, 2022 1 min readThe National Union of Metalworkers of SA (Numsa) said Sunday it was shocked by the murder of one of its trustees at the Impala Platinum Mine in Rustenburg.Mahlomola Hlothoane is reportedly the second trustee in Implats to be killed in a year.“He was murdered at his home in Rustenburg by two unidentified gunmen on Friday night. We are deeply shocked and saddened as a union that we have lost a leader dedicated to the workers’ struggle. We send our deepest condolences to his family who have lost a breadwinner and father,” Numsa said in a statement.“This is the second Numsa officer killed for being a worker at Implats organized. Last year we buried comrade Malibongwe Mdazo who was similarly murdered. His killers have not been found,” the union added.They called on the police to take action.“We demand that the police urgently find those responsible and arrest this heinous Crime. It is unacceptable for people to die simply because they exercised their constitutional right to join a union of their choice,” the union said, implying that the killing was linked to his union membership.“We demand justice for these murders and demand that the police ensure the community of Rustenburg, particularly in the immediate area of Implats, is safe for all who live there.”Support independent journalism by subscribing to The Sunday Times. Only 20 R for the first month.Continue Reading

Long road ahead to hammer out UN biodiversity blueprint

Long road ahead to hammer out UN biodiversity blueprintSunday, June 26, 2022 at 6:50 PMSmokes rise from a forest fire -set and controlled by locals for farming purposes- in the Tambopata region, southern Peruvian jungle on September 01, 2019.. Photo: Ernesto BENAVIDES / AFP/FileSource: AFPPAY ATTENTION: Follow Briefly News on Twitter and never miss the hottest topics! Find us at @brieflyza !Delegates from almost 200 nations have made little progress towards hammering out a blueprint for a global pact to protect nature from human activity, after almost a week of difficult talks in Nairobi.The meetings wrapping up Sunday were aimed at ironing out differences among the UN Convention of Biological Diversity's 196 members, with barely six months before a crucial COP15 summit in December.The ambitious goal is to draw up a draft text outlining a global framework to "live in harmony with nature" by 2050, with key targets to be met by 2030.Many hope the landmark deal, when finalised, will be as ambitious in its goals to protect life on Earth as the Paris agreement was for climate change.But progress at the talks in the Kenyan capital was slow."Most of the time was spent on technical bickering, with major decisions left unresolved and postponed for the COP," said Brian O’Donnell, director of the Campaign for Nature.PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app!"It is now critically important that environment ministers and heads of state engage, take ownership and rescue this process," he told AFP.Delegates in Nairobi spent hours discussing formulations or seeking to introduce new elements, instead of reconciling differing viewpoints and refining rather than overhauling the text.'Security issue for humanity'One delegate on Saturday night spoke of feeling "desperate". Another described the Nairobi round as "a step" and voiced hope for further informal meetings before December."We need to continue with the dialogue with the intention to simpli

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

Chocolate fan and surf lover: Guide to top stars' Wimbledon rivals

UNITED KINGDOM - Kwon Soon-woo may munch on a chocolate bar on centre court when he tackles defending champion Novak Djokovic in Monday's Wimbledon opener. Meanwhile, Harmony Tan, who takes on Serena Williams on Tuesday, will have plenty of time to devote to her love of surfing should she exit. AFP Sport looks at the four players trying to stun the stars at the All England Club: Kwon Soon-Woo The 24-year-old South Korean has the unenviable task of taking on the six-time winner and defending champion Djokovic in the opening match on centre court on Monday. Ranked 75, Kwon energises by reaching into his bag to munch on a Kit-Kat courtside before heading off for a session of karaoke on his off-days. Made the second round at Wimbledon in 2021, losing in five sets to Germany's Dominik Koepfer. Has a degree of grass-court form, reaching the semi-finals in Eastbourne out of qualifying in 2021. Francisco Cerundolo Ranked at 42, the 22-year-old from Argentina stunned the sport earlier this year with his run to the semi-finals of the Miami Masters, seeing off top 30 players Reilly Opelka, Gael Monfils and Jannik Sinner on the way. At 103 in the world, he was the lowest-ranked semi-finalist in the event's 37-year history. However, he's won just two matches since that breakthrough and is unlikely to trouble Rafael Nadal when they meet on Tuesday. Tennis is in the Cerundolo genes with younger brother Juan Manuel winning the 2021 Cordoba title. Jana Fett Ranked 255, Croatia's Fett has come through qualifying to reach the first round. The 25-year-old lost to Russia's Daria Kastakina on her debut at the tournament in 2018. On Tuesday, she tackles world number one and French Open champion Iga Swiatek who is on a 35-match win streak. Fett will earn $61 000 if, as expected, she loses to the all-conquering Pole -- an impressive payday for a player who has banked just $53 000 since the start of the year. Harmony Tan French world number 113, Tan's job is just about as unenviable as Fett's task as she attempts t

At US Pride parades, revelry turns to resistance after Roe reversal - Breaking news, special reports, world, business, sport

At US Pride parades, revelry turns to resistance after Roe reversal 26 June 2022, 9:34 PM | SABC | @SABCNews Abortion rights demonstrators protest the day after the United States Supreme Court ruled in the Dobbs v Women's Health Organization abortion case, overturning the landmark Roe v Wade abortion decision, in Washington, U.S., June 25, 2022. Image: Reuters Abortion rights demonstrators protest the day after the United States Supreme Court ruled in the Dobbs v Women's Health Organization abortion case, overturning the landmark Roe v Wade abortion decision, in Washington, U.S., June 25, 2022. Pride celebrations hosted by LGBTQ communities across the United States this weekend took on a tone of outrage following the Supreme Court’s decision to overturn the constitutional right to abortion and a wave of anti-transgender legislation. The weekend’s Pride events, which included Sunday parades in New York, Chicago, San Francisco, Seattle, and Denver, coming right on the heels of fervent protests in some of the same cities since Friday. Abortion rights supporters took to the streets to decry the Supreme Court’s decision to reverse the 1973 Roe v. Wade that legalized abortion nationwide. LGBTQ leaders fear the ruling endangers personal freedom beyond abortion rights. In a concurring opinion, Justice Clarence Thomas, wrote that the Court might reconsider other precedents, mentioning specifically the rulings protecting the rights to contraception, same-sex intimacy, and gay marriage. "The anti-abortion playbook and the anti-LGBTQ playbook are one and the same. Both are about denying control over our bodies and making it more dangerous for us to live as we are, says LGBTQ advocacy organization, GLAAD’s CEO, Sarah Kate Ellis in a statement. Even before the Supreme Court’s ruling against abortion rights, the LGBTQ community’s Pride month jubilation was weighed down by a raft of Republican-backed state laws that specifically target transgender youth. The measu

Italtile Presents A New Collection of Spanish Wall Tiles

Italtile Presents A New Collection of Spanish Wall TilesItaltile adds an exciting new collection of Spanish Wall Tiles to its international portfolio.An exciting selection of Spanish wall tiles in a most beautiful range of delicate pale tones and textures is downloading at Italtile right now. The collection is reminiscent of the ultra-elegant, indoor-outdoor Marbella villas on the sun-splashed Costa del Sol. Furthermore, it features the subtly mottled creams, milk-whites and pearl greiges that create the sense of spaciousness, lightness and brightness that typifies luxe Mediterranean living.Modern Spanish style is a rising star in the design sky. We love its extraordinary blend of classic Spanish flair and timeless chic â€" both bold and refined â€" subsequently seen in clean lines, neutral palettes, layered textures and natural materials.The New Spanish Collection, with its calming variations on a theme, will thus fit beautifully into contemporary South African homes, with our outdoorsy personality and love of open-plan living.What can you expect?Parsel Perla, with its gently grainy pale greige. Pienza Avoria, which is an elegantly veined and mottled travertine-style tile. Quios Cream, featuring a milky base with golden-brown veining. Savona Grigio and matching décor Caph Savona â€" a double act in harmonising marble-travertine variance. Urban Ivory, an ultra-pale, milky terracotta style tile. And Boulevard Natural, a warm limestone-like neutral.These are all large format rectified tiles that therefore create a neat butt join and a small grout line. Large tiles like these subsequently allow for far fewer grout lines in a space. This immediately opens it up and creates the perception of a much larger area. Of course, being light-coloured tiles, they will further enhance the sense of open space.Furthermore, all the tiles in the collection are white-bodied â€" what the Spanish call ‘pasta blancas’. This means that the lack of colour in the tile body or ‘bisq

Xylem Water Solutions SA - Cape Business News

Cape Business News Xylem is a leading water technology company committed to "solving water by creating innovative and smart technology solutions to meet the world&rsquo;s water, wastewater and energy needs. In a world of ever-growing challenges, Xylem delivers innovative water technology solutions throughout the cycle of water. Our technological strength across the life cycle of water is second-to-none. From collection and distribution to reuse and return to nature, our highly efficient water technologies, industrial pumps and application solutions not only use less energy and reduce life-cycle costs, but also promote sustainability. We have operations in more than 150 countries. Our African regional head office is in Johannesburg and covers the sub-saharan region, as well as our network partners. With our local presence and close cooperation with business partners, we ensure that we are delivering the right solution for the problem at hand. Share Closure of Tiger Brands&rsquo; Langeberg and Ashton canning fruit factory spells... June 22, 2022 Agri SA is deeply concerned about the recent commencement of a consultation period after Tiger Brands gave notice of its intention to close down its canning... RECOMMENDED Contact us: sales@cbn.co.za &copy; CAPE BUSINESS NEWS We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking "Accept, you consent to the use of ALL the cookies. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies m

SAIBA and Regenesys's new ESG-focused license is critical for finance leaders ready to drive the climate agenda - Cape Busin

WhatsApp Nicolaas van Wyk SAIBA CEO. The Southern African Institute for Business Accountants (SAIBA) and the Regenesys Business School have partnered to prepare a license to help financial executives and accounting officers understand the nature and oversight of climate risk, climate litigation, climate reporting and disclosure aspects. The rapidly evolving legal and regulatory landscape Outcomes from recent climate conferences such as the 2021 United Nations Climate Change Conference (COP 26) have reiterated the importance of Environmental, Social and Governance (ESG) considerations for businesses across all sectors . The International Financial Reporting Standards (IFRS) has through its International Sustainability Standards Board (ISSB) already prepared two draft documents that will provide a comprehensive global baseline of sustainability-related disclosure standards for non-financial reporting. Furthermore, domestic legislation such as the country&rsquo;s draft Climate Change Bill [B9- 2022] , is likely to compel companies to include climate change and sustainability efforts in their financial statements and integrated reports. As this regulatory framework continues to take shape, investors and financiers are paying close attention to these developments, and many have begun to prioritise and expect high-quality, transparent, reliable and comparable reporting by companies on climate and ESG matters, beyond what is available in conventional financial statements. Getting ahead of this curve will generate a definitive competitive advantage for compliant companies, differentiating them from the pack. Forward-thinking finance leaders should begin preparing for the eventual implementation of these various legal and regulatory directives. The License in climate and sustainability reporting Fortunately, the pioneering, first-of-its-class executive education that SAIBA is offering through Regenesys, has been set at a price point that will not break the training and development budget of com

BIDVEST MCCARTHY TOYOTA GEZINA CTC 51055 dealership in Pretoria

We use cookies that are essential for this website to function and to improve your user experience. Please refer to our cookie policy .CloseBIDVEST MCCARTHY TOYOTA GEZINA CTC 51055About BIDVEST MCCARTHY TOYOTA GEZINA CTC 51055Gezina

Not poisonous fruit

Over the past 18 months, three major human rights NGOs have published studies purporting to prove that Israel is an apartheid state â€" i.e., that it’s structures and activities in both Israel proper and the occupied territories meet the international definition of apartheid. Publication of the studies by Amnesty International, Human Rights Watch and B’Tselem, a leading Israeli NGO, has been something of a landmark in the perennial debate over whether an analogy can be drawn between the policies of Israel, including those of its military apparatus in the West Bank, and the racist system of apartheid which originated in South Africa. Anti-Zionist organizations like BDS and individual journalists and commentators, myself included, have been drawing the analogy for years; it has been rejected for just as long by Israel, its supporters and even critics of Israel who believe the apartheid analogy to be a bridge too far. For the most part, their objections rested on the obvious differences between apartheid as practised in South Africa and current conditions in Israel (Arab judges on the High Court, no “Whites Only” park benches, and so on). It has taken the intervention of the human rights heavyweights to shift the debate. That is mainly due to their prominence and respectability, but also to the fact that they anchor their arguments firmly in international law. Apartheid has been on the international agenda since the Sixties; today there is a substantial body of international resolutions, conventions and jurisprudence that establishes apartheid as a crime in its own right, irrespective of its origin in South Africa. It is no longer sufficient to dismiss the Israel-apartheid analogy by pointing out that Arab medical staff treat Jews in Israeli hospitals, something that would never have happened between blacks and whites in apartheid South Africa. Critics now need to grapple with the definition of apartheid in international law â€" a definition which, on the face

ADEKEYE ADEBAJO: Overlooking Western failings when stoking fears on China’s presence in Africa

London-based The Economist magazine is an establishment Anglo-American mouthpiece that unapologetically promotes eurocentrism. Its notorious May 2000 cover depicting Africa as “the hopeless continent” and the equally odious accompanying essay by its then Africa editor, Richard Dowden, cemented the magazine’s reputation for prejudiced analyses about the non-Western world. The special report on “China in Africa” in the May 28-June 3 edition by Gady Epstein, The Economist’s China affairs editor, and John McDermott, its Africa editor, though not quite as Afrophobic as Dowden’s jaundiced piece and certainly more nuanced, reveals a similar approach of viewing the continent through parochial Western lenses, stoking fears about China’s presence in Africa. The research on which this piece is based is overwhelmingly Western. Only one England-based African scholar’s published work is cited, and no Chinese sources are cited. As bad as Chinese illegal gold mining and maltreatment of African workers may be, these surely pale in significance to five centuries of Western slavery, colonialism and neocolonialism. Despite the authors’ own opinion polls showing that most Africans want Chinese money and trade, but not its autocratic political system â€" and many Africans rightly condemn widespread abuses against Uighurs and the harassment of China-based African students â€" the authors insist that Beijing promotes autocracy and that its building of roads wins elections in Africa. Leaders in Kenya and Ethiopia have in fact pursued rational national interest-driven policies of simultaneously seeking Chinese infrastructure and Western investment. Epstein and McDermott further argue that Chinese aid comes with no political strings, as if the West ties its own aid to human rights observance in autocratic Uganda, Rwanda or Chad. Despite their own polling showing that Africans still overwhelmingly watch the government-funded BBC and France 24, th

16-year -old Samantha Mundo releases her single 'I Win' - Breaking news, special reports, world, business, sport coverage of

Image: SABC Gospel Musician, Samantha Mundo 16-year-old musician Samantha Mundo has surprised many including her peers as she breaks into the South African gospel industry. On Good Friday, Mundo released her single "I Win. Speaking to the SABC on Morning Live on Sunday morning the Pretoria-based, Zimbabwean-born says, "At the beginning at school it was like a joke. But but then when they saw that I’m singing with Dj Tira, now they taking me seriously and they are more interested in what I have to say, Mundo explains. Mundo has been singing since the age of 7, and like countless other musicians, her passion for music grew when she began singing in church. In her pursuit of her career Mundo, says her father has encouraged her to pursue her career. "When I told him that I want to do music, I wrote my first song, but the song did not make sense but I sang it to him. And as a parent, he encouraged me. The young muso says she has been able to balance her school and work career, but focusing her music mainly on school holidays. But Mundo has more on her mind than just music; she’s also interested in studying law. Here is the interview:

Can world number 1,204 win Wimbledon? Serena eyes greatest triumph

â€" Wimbledon (@Wimbledon) June 25, 2022Williams warmed up for Wimbledon by playing doubles with Ons Jabeur at Eastbourne and starts her All England Club campaign against France's Harmony Tan , ranked 113 and who is making her tournament debut.When Williams played her first Wimbledon in 1998, current world number one Iga Swiatek was still three years away from being born.The 21-year-old Pole arrives at the tournament with a second French Open title secured and on a 35-match win streak.That equalled Venus Williams' 35 straight victories in 2000 for the longest winning run by a woman in the 21st century.It also bettered Serena's mark of 34."I saw Serena on Friday, I was pretty overwhelmed," said Swiatek who has six titles to her name in 2022.- 'Legend' -"Just seeing her around is great because she's such a legend, there's nobody that has done so much in tennis."Wimbledon will test her ability to keep the run going where last year's fourth round was her best performance even though she was junior champion in 2018."Grass is always tricky. I actually like the part that I have no expectations there. It's something kind of refreshing," she said.Swiatek faces Croatian qualifier Jana Fett in the first round on Tuesday.The women's draw remains open with defending champion Ashleigh Barty having retired earlier this year.Four-time major winner Naomi Osaka, rarely a serious threat on grass, has withdrawn with an Achilles injury.The Japanese star, the world's highest-earning sportswoman, had already expressed reservations over taking part.She feared the status of Wimbledon had been reduced to that of an exhibition tournament after the ATP and WTA stripped it of ranking points.That was in response to the ban imposed on Russian and Belarusian players in the aftermath of the invasion of Ukraine.Three of the top 20 women will therefore miss Wimbledon - Aryna Sabalenka, a semi-finalist last year, 2018 quarter-finalist Daria Kasatkina and Victoria Azarenka, a 2011 and 2012 semi-finalist.None of the top fiv

R700m down the drain as abandoned Carletonville hospital vandalised

Facebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’.The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31.When asked about the matter, the department’s spokesperson, Kwara Kek

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.2 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without

Zulu Royal Palace abuzz as King Misuzulu's cleansing ceremony continues - Breaking news, special reports, world, business, s

King Misuzulu ka Zwelithini at preparations for the cleansing ceremony on Thursday. Image: Twitter - King Misuzulu k Zwelithini King Misuzulu ka Zwelithini at preparations for the cleansing ceremony on Thursday. The Kwa-Khangelamankengane Royal Palace in Nongoma in Northern Kwa-Zulu-Natal is abuzz as the cleansing ceremony for amaZulu King Misuzulu kaZwelithini enters its second day on Sunday. The inhlambo, which is a cleansing ceremony, marks the end of the mourning period for the royal family. Watch: Cleansing ceremony for the late amaZulu King continues The traditional rituals began on Saturday with the cleansing of the weapons of the late amaZulu King Goodwill Zwelithini. The late King Goodwill Zwelithini passed away in March last year. Prince Mangosuthu Buthelezi says there are ongoing meetings between amaZulu King Misuzulu ka Zwelithini and his uncle, King Mswati the third. "We’ve even taken a trip once with the King to eSwatini and there are things that we’re jointly trying to sort out together to make way for the King so that there should be no obstacles, grudges, or anything that impedes his enthronement. So, all those things are being dealt with. The committees are also dealing with other matters I’ve already mentioned. I conveyed this in a telephonic conversation with his Excellency, Mr Matamela Cyril Ramaphosa, our president. I told him that the King of eSwatini and me and the family, through the committees, are still sorting out certain things. He says he has received a letter from his Majesty that he had corresponded with the President and that they talked about venues and date processes that are sanctioned by the King himself. Call for peace Meanwhile, Kwa-Zulu-Natal Chair of the House of Traditional leaders, inkosi Phathisizwe Chiliza has called for peace among members of the Zulu royal family. "There must be peace. If the province of Kwa-Zulu-Natal is at peace, the whole country of South Africa will be at peace. We appeal to the royal family that even

Implications for banks in Sekunjalo court victory

The Equality Court handed down judgment in Sekunjalo and others v Nedbank on June 17. The court found in favour of Sekunjalo and ordered that Nedbank reinstate the bank accounts of all listed entities in the Sekunjalo Group. In making its decision on whether to grant the interim relief, the court answered four questions: whether the applicant had a prima facie case, even if it were still “open to doubt”; whether there was a threat of irreparable harm; whether a balance of convenience favoured the granting of the interim relief; and whether there was another remedy available to help the applicant. Prima facie case ‘with doubt’ Nedbank relied heavily on the superiority of a contractual agreement. In terms of this agreement, a bank can terminate a contract if a client poses a reputational risk to it. The freedom to contract is a constitutional freedom that aligns with the principle that contracts freely and seriously entered should be judicially enforced. South African law is based on the Roman-Dutch law, particularly as it relates to security over property. Banking law is therefore subject to this law, and South African courts will interpret contractual, corporate, and commercial issues based on this law. The courts should therefore be cautious in striking down a clause or a contract in its entirety. Judge Mokgoatji Dolamo noted this but pointed out that Sekunjalo’s complaint is about a violation of its rights as enshrined in the Constitution. Sekunjalo, therefore, only needed to show that Nedbank treated it differentially, to which Nedbank admitted. Nedbank did emphasise that the differentiation was not based on race but on the reputational risk associated with Sekunjalo. On the issue of why it did not act in the same manner towards similar compromised clients such as Tongaat Hulett, EOH and Steinhoff, Nedbank asserted that these companies had transformed. Tongaat Hulett was fined about R118 million for misrepresenting its performance in its annual financial

Work from home is having a surprise knock-on impact in South Africa

Work from home is having a surprise knock-on impact in South AfricaStaff Writer 26 June 2022SubscribeThe latest FNB/BER Building Confidence Index shows contractor confidence in South Africa rose to a more than five-year high in Q2 2022, primarily on the back of a work-from-home shift and the infrastructure damage caused by natural disasters in parts of the country.“The extent of the improvement in residential building activity was surprising given the deterioration in the broader macroeconomic environment over the past few months,” said Siphamandla Mkhwanazi, senior economist at FNB.“However, a number of specific factors likely played a role, including work relating to the conversion of office space to residential space, as well as rebuilding efforts following various disruptions, particularly in KwaZulu-Natal.”Activity among non-residential contractors was flat, but at a reasonably good level over the same time period, said Mkhwanazi.“It is encouraging that building activity, especially in the residential sector, rose noticeably in the quarter. However, there are two caveats. The first is that this comes off a low base. The second is that there is little indication, both from builders and from architects, that this will continue in coming quarters, at least not at the same pace,” he said.Growthpoint Properties, South Africa’s largest domestic office landlord with 161 properties, meanwhile, said that it continues to see a shift in office developments and working from home.“Economic imperatives are driving some companies to reduce their office spaces, and work-from-home routines are creating uncertainty about future space requirements. The good news is that the initial sentiment that offices would no longer be needed is receding with hybrid working patterns set to endure.“Bigger businesses are returning their staff to offices with different strategies, some fully with others are still on a rotational system. We have started to see small

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

Be vigilant of monkeypox: SAMA - Cape Business News

Cape Business News Be vigilant of monkeypox: SAMA June 26, 2022 WhatsApp The South African Medical Association (SAMA) has recommended vigilance among its members and the public after the discovery of the first monkeypox case in South Africa on Thursday. While the case has been confirmed in Gauteng, SAMA cautioned other provinces to be on the lookout for the virus. According to the National Institute of Communicable Diseases (NICD), the case reported in South Africa involves a 30-year-old male with no recent travel history. In a statement, SAMA said the virus is transmitted through person-to-person close, direct contact with infected person/s or contaminated materials (e.g. bed linen, clothes and other household items). "The virus is said to be not highly transmissible, unlike the influenza or SARS-CoV-2 virus. The symptoms to look out for are acute illness typified by fever, general flu-like symptoms, followed by blister-like rash on the skin and/or swelling of the lymph nodes, "It is also noted that the disease is rarely fatal. Cases can resolve within two to four weeks. Isolation of cases is recommended to limit the spread of infection, SAMA said. SAMA further recommends that its members exercise vigilance and is in support of the adoption of contact tracing and monitoring of the cases, as per the guidance of the World Health Organisation (WHO) and the NICD. WHO and the NICD do not recommend embarking on a vaccination programme for monkeypox, however, the NICD has published a contact tracing procedure for monkeypox which can be accessed here: https://www.nicd.ac.za/wp-content/uploads/2022/06/Standard-Operating-Proecedure-for-Monkeypox-contact-tracing.pdf . Continue to observe COVID-19 rules in healthcare settings Meanwhile, SAMA has welcomed the repeal of the COVID-19 regulations by the Minister of Health and further recognises that there has been a decline in hospitalisation and reported cases of COVID-19 in the country. SAMA said that the recent COVID-19 statistics clearly demonstrates

R700m abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m abandoned Carletonville hospital vandalisedR700m abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.1 hour agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury r

News - Mike's baobab fruit is much more than just a business

Mike's baobab fruit is much more than just a business News - Date: 26 June 2022 Written by: / Viewed: 107 For Mike Hlongwane of Musina, the most important thing about his small business is not so much to make money but to contribute to the well-being of the people. Hlongwane has been selling baobab fruit from the Musina taxi rank for the past 20 years. He says that, although some people look down on him, he is proud of what he does as this indigenous fruit, which he calls "the fruit of life, has helped many people to regain their health. After two decades of trading in baobab fruit, nobody can teach much him about the health benefits the fruit holds. "Bedsides balancing blood and sugar levels, the baobab fruit is also celebrated for its fertility properties. I prepare a special baobab concoction for men called dondolo la mbuyu to stimulate their sex drive. I mix the baobab juice with special herbs and this concoction has helped to save many collapsing relationships and marriages, he said. "Eleven different types of baobab fruits exist and are classified according to their outer shells and taste. Some are very sweet, while other are not as sweet. The colour of the seeds inside the shells also differs. Some are pure white, while others are a creamy white or light brown in colour. Hlongwane&rsquo;s son, Mboniseni, works with him at his stall. Although collecting the baobab fruit takes time, Hlongwane makes sure that he always has enough fruit on hand. "I used to collect the fruit myself, but it became a problem when people would visit my stall and I was not there, so I organised with some people who work on farms and from the Niani area to collect for me in exchange for a little cash. Now I am always available to my customers, he said. The price of the fruit depends on size, with the smallest fruit sold at R2 and the biggest at R10. Hlongwane also sells in bulk to local people who make baobab juice and ice cream. Business for Hlongwane is good as he sells the fruit all year round. "I coll

Electronic customs system to reduce cost of business in Kenya

Mawazo Writing Africa Electronic customs system to reduce cost of business in Kenya Mawazo Writing Jun 26, 2022 2 min read Importers and exporters in Kenya are expected to benefit from increased competitiveness and lower costs of doing business through reduced shipping delays and demurrage after President Uhuru Kenyatta approved the National Electronic Single Window System Bill 2021 on June 21. The bill authorizes the Kenya Trade Network Agency (KenTrade) to operate autonomously without funding from the Ministry of Finance. KenTrade Facilitates Cross-Border Trade Amos Wangora, CEO of KenTrade, said, "The law will improve the use of the single window system by helping to protect data to prevent fraud and exploitation in the Curb logistics coordination system that importers and exporters using the platform often face. Mr Wangora said the law makes KenTrade a central customs clearance center and offers electronic trade transactions. Previously, traders had to deal with more than eight agencies before cargo was cleared for import/export, but the law will consolidate agencies to work under the KenTrade system. The law comes two Months after KenTrade Africa launched e-trade platform to handle trade document exchange. The platform is integrated in 22 countries that are members of the African Alliance for Electronic Commerce. According to the law, only the single window system serves as a single entry point and platform for all those involved in trade and transport, to submit documents electronically including import or export documents. The system, which is fully integrated with the Kenya Revenue Agency&rsquo;s Integrated Customs Management System (ICMS), will also ensure 100 percent paperless compliance as it uses is responsible for processing, approving and facilitating the electronic payment of fees and charges due by the government on all imported or exported goods, making it easier and cheaper. KenTrade says businesses are both direct border-related incur costs, such as expenses related

Numsa shop steward gunned down in Rustenburg

The National Union of Metalworkers of SA (Numsa) on Sunday said it was shocked by the murder of one of its Rustenburg shop stewards from the Impala Platinum mine. Mahlomola Hlothoane is reportedly the second shop steward at Implats to be killed in a year.   “He was murdered on Friday night at his home in Rustenburg by two unknown gunmen. We are deeply shocked and saddened as a trade union that we have lost a leader who was dedicated to the struggle of workers. We send our deepest condolences to his family who have lost a breadwinner and father,” Numsa said in a statement. “This is the second Numsa official who has been murdered for organising workers at Implats. Last year we buried comrade Malibongwe Mdazo who was assassinated in a similar fashion. His killers have not been found,” the union added.  It called on the police to act. “We demand that the police must urgently find and arrest those who are responsible for this heinous crime. It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice,” the union said, suggesting it believed the murder was associated with his trade union involvement. “We demand justice for these murders and we demand that the police must ensure that the community of Rustenburg, particularly in the immediate surrounding area of Implats, is safe for all who live there.” TimesLIVE Support independent journalism by subscribing to the Sunday Times. Just R20 for the first month.

Numsa condemns shopsteward’s murder in Rustenburg

News Africa NowNumsa condemns shopsteward’s murder in RustenburgJune 26, 2022WhatsAppThe National Union of Metalworkers of South Africa (Numsa) has condemned the murder of its shopsteward at Implats in Rustenburg, North West.Mahlomola Hlothoane was shot and killed on Friday night at his home in Rustenburg by two unknown gunmen, according to Numsa general secretary Irvin Jim.“Comrade Mahlomola was a Numsa shopsteward who assisted the union by coordinating recruitment and mobilising workers at Implats.“We are deeply shocked and saddened as a trade union that we have lost a leader who was dedicated to the struggle of workers,” Jim said in a statement on Sunday.ALSO READ: Numsa members embark on an indefinite strike at ImplatsNumsa sent its condolences to Hlothoane’s family, saying his murder was the second official of the union who was murdered for allegedly organising workers at Implats.“Last year we buried comrade Malibongwe Mdazo who was assassinated in a similar fashion. His killers have not been found.”Numsa demanded that the South African Police Service urgently find and arrest those who are responsible for the murders.“It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice.“We demand justice for these murders and we demand that the police must ensure that the community of Rustenburg, particularly in the immediate surrounding area of Implats is safe for all who live there.”

East London police search for clues that led to tavern death - Breaking news, special reports, world, business, sport covera

East London police search for clues that led to tavern death 26 June 2022, 8:49 AM | Police cordon off a crime scene. Image: Pixabay Police cordon off a crime scene. The police are combing the East London tavern for clues that led to the death of 17 patrons in the early hours of Sunday morning. The provincial police commissioner, Nomthetheleli Mene, says an initial report indicates that a stampede took place inside the tavern. "We are waiting for the investigation to continue and that will guide us as to what type of a docket, what crime we will register as the police. We got the calls at about 04h00, that is what I am told. What time the incident happened, we don’t know. We are still interviewing people on the crime scene to check what time did it happen, what time was the place supposed to close, and all that. We are still processing that. East London tavern stampede: The number has been revised after some were taken to hospital for treatment. The police and emergency service workers remain on the scene. Numerous people were also injured. SABC reporter, Abongile Jantjies, says a forensic investigation is also underway to determine the exact cause of the tragedy. "Some of the residents are waiting as some of their children did not come home yesterday. So they are thinking some might be there. It is something that is not fathomable and they can’t understand what lead to it. Share article

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

R700m abandoned Carletonville hospital vandalised

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

All five Kenyan world champions to defend titles in Eugene - Breaking news, special reports, world, business, sport coverage

All five Kenyan world champions to defend titles in Eugene 26 June 2022, 11:02 AM | Reuters | @SABCNews Emmanuel Kipkurui Korir of Kenya celebrates crossing the finish line to win gold ahead of silver medallist, Ferguson Rotich of Kenya at Olympic Stadium, Tokyo, Japan, in 2021. Image: Reuters Emmanuel Kipkurui Korir of Kenya celebrates crossing the finish line to win gold ahead of silver medallist, Ferguson Rotich of Kenya at Olympic Stadium, Tokyo, Japan, in 2021. All five Kenyans who won gold at the last World Athletics Championships will defend their titles in Oregon next month after being named in a 47-strong team from the East African track powerhouse. The team, which also includes Olympic middle distance champions Emmanuel Korir and Faith Kipyegon, was named at the conclusion of the two-day national trials in Nairobi on Saturday. Timothy Cheruiyot, who won the men’s 1500m in Qatar three years ago, will back up along with Conseslus Kipruto and Beatrice Chepkoech, who won the men’s and women’s steeplechase titles in Doha, as well as women’s 5000m champion Hellen Obiri. Reigning champion Ruth Chepngetich leads a four-strong team for the women’s marathon but Kenya’s Tokyo Olympic champions Peres Jepchirchir and Eliud Kipchoge have decided to skip the world in favour of other challenges. Korir was selected for the men’s 400m and 800m but will have his work cut out in the longer event to beat team mate Wycliffe Kinyamal, who ran one minute 43.54 seconds - the second fastest time in the world this year - to win the trials. Abel Kipsang, the fastest man this year over 1 500m, won a thrilling race at the trials to pip Tokyo Olympic silver medallist Cheruiyot and book his ticket to Oregon. Nicholas Kimeli, who ran the seventh fastest 5 000m of all time in Rome earlier this month, will also be on the plane to Eugene. Twice Olympic women’s 1 500m champion Kipyegon will be determined to wrest back the world title she won in London in 2017 b

R700m abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m abandoned Carletonville hospital vandalisedR700m abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.60 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury

Consortium begs Tiger Brands for extra time to raise money before closing canning facility

The consortium scrambling to find funding to take over Tiger Brands’ deciduous fruit business in the Western Cape is pleading for extra time, without which more than 4,000 jobs will be lost and 300 farmers face ruin. This week Agri SA raised the alarm over the possible closure of the Langeberg & Ashton Foods (L&AF) canning facility in Ashton which the Growers Consortium, consisting of 160 fruit farmers who supply the facility, wants to buy... A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. Already subscribed? Simply sign in below. Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

My ABC of business: How to gain the support of your clients, even though you disappoint

Melanie Hawken by Lizl Naude Recently in the span of 48 hours, I received complaints from two individual customers about product breakages. Because I am so pedantic about delivering a quality product, I was initially completely stunned. It felt like a barrage coming my way. I remember a heat rush going to my head, as I tried to make sense of it all. I took a deep breath and took a 5 minute walk before I replied. Now you might think to yourself, but Lizl, comebacks are common, why the fuss? Well, as a small enterprise, we have been operating for 5 years, and comebacks have not been a regular event for us. Which is an accolade for us, but it also left me a bit uncertain on how to navigate the process. Minutes later, when I felt calm enough, I reached out to both of them and genuinely and authentically spoke from the heart. I apologized for the inconvenience, and assured them both of my utmost commitment to solve their issues. I wanted to share with you the steps I followed and also some tips I found useful: As a small business owner, we tend to take issues like this personally. Remove the feeling of being offended, and put yourself in their shoes. Do not react or reply immediately. Take a deep breath, take a walk. Acknowledge their inconvenience and apologize as quickly as possible. Don't ignore the client, or keep quiet. Keep the communication lines open Be authentic and be genuine. Show your commitment to resolve their issue and complete their transaction. Ask for some time to investigate the issue and keep them constantly updated. Find out from your production team about possible remedies. If the client requires a replacement, inform the client about the date it will be despatched. If the item will be repaired, arrange for a courier to collect from client. Commit to a time to have it fixed and honour that commitment. Always keep the communication lines open, even if you experience delays, etc. Clients appreciate the transparency. When ready for despatch, make sure item is properly package

NUMSA shocked at the murder of member in Rustenberg

Second shop steward at Implats murdered in a year Two unknown gunmen allegedly murdered Hlothoane Man, 27, handed two life terms for two brutal killings in 2017 and 2018 Latest Posts

To deliver intelligent business automation to Africans, Proven Consults partners with a top insurance firm

To deliver intelligent business automation to Africans, Proven Consults partners with a top insurance firm To deliver intelligent business automation to Africans, Proven Consults partners with a top insurance firm by June 26, 2022, 3:04 pm Share A well-known insurance company that is headquartered in Nairobi and has offices in Uganda, Tanzania and Kenya has joined forces with the top automation technology company Proven Consult. The partnership&rsquo;s goal is to speed up the digital transformation of the insurance sector in Africa by using Proven Consult&rsquo;s newest technology. This is the first of a series of projects that Proven Consult will be doing in Africa, indicating that the company is prepared to supply key business services and take an active role in automating the businesses of its African customers. The insurance provider plans to implement Intelligent Business Automation Solutions from Proven Consult to automate repetitive or otherwise time-consuming tasks. This will free up employees to focus on insight-driven activities and ultimately lead to increased business efficiency. By the terms of their partnership, Proven Consult will lend a hand in the computerization of thirty different company procedures to bring about the greatest possible operational efficiencies. The organization can increase staff engagement, improve customer happiness, and achieve operational excellence if it chooses to apply intelligent automation procedures rather than a manual approach. As a direct result of this, the data quality, overall process improvement and accuracy will all be enhanced. Because we want to increase our footprint in the area, this agreement represents a highly intriguing new opportunity for Proven Consult. According to Vishal Manchanda, Regional Business Manager at Proven Consult, "It matches with our ambition to harness the latest tech for the benefit of clients in Africa, and help to the progress of their business goals.Our solutions can help them run their businesses m

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.35 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon withou

Long road ahead to hammer out UN biodiversity blueprint

Long road ahead to hammer out UN biodiversity blueprintSunday 26 June 2022 - 7:30pmSmokes rise from a forest fire -set and controlled by locals for farming purposes- in the Tambopata region, southern Peruvian jungle on September 01, 2019.AFP/File | Ernesto BENAVIDESDelegates from almost 200 nations have made little progress towards hammering out a blueprint for a global pact to protect nature from human activity, after almost a week of difficult talks in Nairobi.The meetings wrapping up Sunday were aimed at ironing out differences among the UN Convention of Biological Diversity's 196 members, with barely six months before a crucial COP15 summit in December.The ambitious goal is to draw up a draft text outlining a global framework to "live in harmony with nature" by 2050, with key targets to be met by 2030.Many hope the landmark deal, when finalised, will be as ambitious in its goals to protect life on Earth as the Paris agreement was for climate change.But progress at the talks in the Kenyan capital was slow."Most of the time was spent on technical bickering, with major decisions left unresolved and postponed for the COP," said Brian O’Donnell, director of the Campaign for Nature."It is now critically important that environment ministers and heads of state engage, take ownership and rescue this process," he told AFP.Delegates in Nairobi spent hours discussing formulations or seeking to introduce new elements, instead of reconciling differing viewpoints and refining rather than overhauling the text.- 'Security issue for humanity' -One delegate on Saturday night spoke of feeling "desperate". Another described the Nairobi round as "a step" and voiced hope for further informal meetings before December."We need to continue with the dialogue with the intention to simplify and reduce the brackets (on the disputed issues) and alternatives," said Vinod Mathur, head of India's National Biodiversity Authority.For that to happen, warned Francis Ogwal of Uganda, one of the two co-chairs of the K

22 people killed in an East London tavern stampede - Breaking news, special reports, world, business, sport coverage of all

22 people killed in an East London tavern stampede 26 June 2022, 6:48 AM | File image. Police tapes from a crime scene. Crime scene Image: SABC News File image. Police tapes from a crime scene. A crowd has gathered outside the tavern in East London where at least 22 people died in the early hours of Sunday morning in a stampede inside the venue. The police and Emergency Service workers remain on the scene. Numerous people were also injured. SABC reporter, Abongile Jantjies, says a forensic investigation is also underway to determine the exact cause of the tragedy. "Some of the residents are waiting, some of their children did not come home yesterday. So they are thinking some might be there. It is something that is not fathomable and they can’t understand what lead to it. East London tavern stampede | Police and Emergency Service on the scene: Initial reports indicate that a stampede was triggered inside the tavern, an incident described as bizarre. The spokesperson for the department of roads and safety, Unathi Binqose, says more detail will emerge during the day. "22 lives found lying on the floor. No open wounds, no nothing! We don’t know if they were poisoned or something else happened. The police are on the scene along with forensic experts to piece together what lead to this bad incident.

R700m abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m abandoned Carletonville hospital vandalisedR700m abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.1 hour agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury r

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.38 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon withou

R700m down the drain as abandoned Carletonville hospital vandalised

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

UK, US, Japan and Canada to ban Russia gold imports - Breaking news, special reports, world, business, sport coverage of all

UK, US, Japan and Canada to ban Russia gold imports 26 June 2022, 10:28 AM | Russian gold exports were worth 12.6 billion pounds ($15.45 billion) last year. Image: Reuters Russian gold exports were worth 12.6 billion pounds ($15.45 billion) last year. Britain, the United States, Japan and Canada will ban new imports of Russian gold as part of efforts to tighten the sanctions squeeze on Moscow for its invasion of Ukraine, the British government said on Sunday. The ban will come into force shortly and apply to newly mined or refined gold, the government statement said ahead of a meeting of Group of Seven leaders in Germany on Sunday. The move will not affect previously exported Russian-origin gold, it added. Russian gold exports were worth 12.6 billion pounds ($15.45 billion) last year and wealthy Russians have recently been buying bullion to reduce the financial impact of Western sanctions, the government said. "The measures we have announced today will directly hit Russian oligarchs and strike at the heart of Putin’s war machine, Prime Minister Boris Johnson said in the statement. "We need to starve the Putin regime of its funding. The UK and our allies are doing just that. The latest initiative follows the London Bullion Market Association’s (LBMA) March suspension of accreditation for six Russian precious metals refiners. Share article

Digital transformation of the education industry holds mixed implications for developing countries - Cape Business News

Cape Business News Digital transformation of the education industry holds mixed implications for developing countries June 26, 2022 WhatsApp Digital trends - Education - Image Source: https://www.itnewsafrica.com/2021/07/the-5-digital-trends-transforming-higher-education-in-africa/ "HIGH-SPEED internet access has brought about an education revolution for countries that have embraced digital delivery. The most motivated learners have been able to move much farther ahead, at their own pace, using resources outside the academic institution to further build their skills. The ability to own your educational path has created enormous up-side potential for the most talented. It has also allowed the most innovative institutions to rise in prominence, says Murray de Villiers, EMEA Emerging, Education Head, SAS Institute. "Unfortunately, the negative aspects of digitalisation revolve around access. For many learners in developing countries, lack of access to high-speed internet hampers development and equality of opportunities. Industries are also changing faster than academia can adjust to disruption, which means that a gap is developing between elite institutions with the resources to keep pace and those that cannot, adds de Villiers. To bridge the gap, de Villiers says academic institutions need to work in partnership with governments and private sector organisations. "Academic institutions need to stay on top of technological advancements in business - and adopt some of those changes to processes themselves, for the improvement of the customer experience. The same accountability for delivery that traditionally featured in physical content delivery needs to apply to online delivery. SAS has more than 3 000 education customers in 56 countries, helping institutions to anticipate the future and respond proactively to changing trends by harnessing data and analytics. By moving beyond merely collecting and reporting data to applying sophisticated analytics, universities can achieve systemic improvemen

Police deployed to restore calm in Phuthaditjhaba - Breaking news, special reports, world, business, sport coverage of all S

Police deployed to restore calm in Phuthaditjhaba 26 June 2022, 7:22 PM | [File Image] SAPS Police Officers stand guard. Image: SABC News [File Image] SAPS Police Officers stand guard. Police have been deployed to Phuthaditjhaba at Qwaqwa in the Eastern Free State to restore calm. This follows the death of a 15-year-old boy who fell from the back of a bakkie that was being used to collect tyres to be burned by protesting members of the community. The incident happened while the community was protesting against the poor supply of electricity near the mall in Phuthaditjhaba. A 42-year-old foreign national who was driving the vehicle has been arrested. Police Spokesperson Phumelelo Dlamini says five more suspects have also been arrested and detained. They will appear before Phuthaditjhaba magistrate court soon charged with public violence. Share article

Sibanye's Stillwater mine suspended for 4-6 weeks

24TH JUNE 2022BY: MARIAAN WEBBCREAMER MEDIA DEPUTY EDITOR ONLINEARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLEFONT SIZE: -+The Stillwater mine, in Montana, will remain suspended for four to six weeks to allow for access to the mine to be restored following recent flooding, precious metals miner Sibanye-Stillwater reported on Friday.The Stillwater mine accounts for about 60% of mined production from the group's US platinum group metals operations.ADVERTISEMENTThe June 13 floods in Montana affected a widespread region surrounding Sibanye-Stillwater’s mines. The company’s mining and metallurgical operations were largely unaffected, but several bridges and roads in the vicinity of the Stillwater mine had been damaged, restricting access to the mine and requiring rerouting of water, tailings and other piping.Remediation work on the east/west access bridge within the Stillwater mine complex has begun and should be completed in about four weeks, Sibanye said.ADVERTISEMENTAccess to the East Boulder mine and Columbus metallurgical facilities remains intact and both facilities continued operating during the flooding events.“We have been encouraged by the positive response to the flooding by the entire community and are proud of the key role our employees have played in supporting those worst affected during this difficult period. We will continue to work with the local authorities and other stakeholders to fast-track the recovery of the region and look forward to resuming operations at the Stillwater section in due course,” said CEO Neal Froneman.

Aurora Cannabis upgraded to overweight on prospects for European business

Aurora Cannabis upgraded to overweight on prospects for European business ACB, +8.65% rallied 6% in premarket trades on Friday after Cantor Fitzgerald analyst Pablo Zuanic upgraded the Canadian cannabis company to overweight from neutral and raised his 12-month price target on the stock to C$4.05 ($3.12) from C$3.90. Zuanic said Aurora Cannabis could benefit from growth in the legal cannabis market in Europe, as one of only two North American companies with a license to grow cannabis in Germany, along with Tilray Brands Inc. TLRY, +0.84% . "With questions as to whether imports will be allowed in the future German rec market and likely a limited number of new domestic production licenses issued to supply that future rec market, we believe both Tilray and Aurora should be well positioned, Zuanic said. He described Aurora as an "attractively-valued pure cannabis global play.

R700m down the drain as abandoned Carletonville hospital vandalised

Facebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’.The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31.When asked about the matter, the department’s spokesperson, Kwara Kek

Owner of plastic factory where 51 illegal migrants were rescued still at large - Breaking news, special reports, world, busi

Owner of plastic factory where 51 illegal migrants were rescued still at large 26 June 2022, 10:16 PM | SABC | @SABCNews Home Affairs Minister Dr Aron Motsoaledi some employers are to blame for the problem of illegal workers. Image: [File Image] SABC News Home Affairs Minister Dr Aron Motsoaledi some employers are to blame for the problem of illegal workers. Home Affairs Minister Dr Aaron Motsoaledi says that the owner of the plastic factory in Alberton, Ekurhuleni, where 51 illegal migrants were rescued from slave-like conditions, is still at large. Acting on information provided by a whistle-blower, the Home Affairs inspectorate visited the factory and was refused entry, prompting the officials to return in a joint law enforcement operation including police, the Department of Employment and Labour, Ekurhuleni Metro Police and private security officials, which then led to the arrest of the factory manager. The 51 illegal migrants were from Malawi, Zimbabwe and China. Motsoaledi says some employers are to blame for the problem of illegal workers. "It’s clear that the issue of illegality is encouraged by some employers. This is not because they’re feeling pity for the illegal migrants, but because they’re using them, they are distorting the labour market. So, one of the things we are going to do, is to concentrate on employers who break the law. Even the issue of the trucks in Ethekwini, some complaints there you can realise that the problem was caused by employers, who simply want cheap labour. Video: Group of South Africans march against businesses employing illegal immigrants in Rosettenville Share article

The Finance Ghost: Not all REITs are created equal

While specialist real estate investment trust Stor-Age is busy getting on with its core business, Fortress is in a fight for survival.Stor-Age is a specialist real estate investment trust (REIT) focusing on, well, storage. This is one of the most dependable funds on the JSE, having achieved a total accounting return for the year ended March 2022 of 16.5%.The group is geographically diversified, with R4.9-billion in local assets and R5.3-billion in UK assets. The fund enjoys a significant development pipeline and strong support from investors, having raised R575-million in an oversubscribed accelerated bookbuild in January. The share price is trading at a slight premium to the net asset value per share.In stark contrast, Fortress REIT is staring down the barrel of potentially being the first REIT on the JSE to lose that status through not meeting the rules for paying dividends.The fund’s complicated dual-share class structure is causing major headaches, as the rules aren’t allowing a dividend because the fund isn’t achieving the benchmark required to trigger a dividend payment.To avoid losing REIT status in the next few months, Fortress is proposing that the classes be collapsed into a single share class. The trouble is that investors are fighting over the ratio for the deal, as A shareholders and B shareholders have opposing views on the relative values of the shares.Stor-Age is busy getting on with its core business. Fortress is in a fight for survival as a REIT.Hello, travelCity Lodge Hotels is returning to normal. Occupancies in May 2022 were in line with May 2019, so staff salary reductions were finally lifted. The hospitality group has had positive monthly cash flows since February 2022 and is busy refinancing R600-million in debt.Although the company looks set for another headline loss in the year ending June 2022, the momentum into the next financial year is clearly positive.This is in line with what I’m seeing overseas in earnings results from companies such

Diana Ross spreads the love at Glastonbury - Breaking news, special reports, world, business, sport coverage of all South Af

Diana Ross spreads the love at Glastonbury 27 June 2022, 1:19 AM | Reuters | @SABCNews Revellers dance as Diana Ross headlines the Pyramid stage at Worthy Farm in Somerset during the Glastonbury Festival in Britain, June 26, 2022. Image: Reuters Revellers dance as Diana Ross headlines the Pyramid stage at Worthy Farm in Somerset during the Glastonbury Festival in Britain, June 26, 2022. It was a sun-drenched love affair between Diana Ross and revellers at Glastonbury on Sunday when the U.S. singer played in the "legends slot on the final day of the festival. Wearing a sparkling gown, feather head-dress and earrings that could double as small chandeliers, Ross started the party with "I’m Coming Out. The singer and actress, who has sold more than 100 million records worldwide, achieved fame with 1960’s Motown group the Supremes before she launched her solo career in 1970. Supremes’ songs "Baby Love, "Stop! In the Name of Love and "You Can’t Hurry Love delighted the crowd. "So many songs about love, she reflected. Ross, who is 78, was due to play Glastonbury in 2020 before the pandemic caused the festival to be cancelled for two years. "I stayed strong and I was determined to get here with you, she said. "I’m so excited. Her set included "Thank You, the title track of the album recorded in the pandemic and released in November 2021. Some television viewers complained online that the soul legend missed notes on some songs. That did nothing to dampen the mood, and "Ain’t No Mountain High Enough and "I Will Survive left the crowds at the Pyramid stage on a high. Ross followed in the footsteps of Dolly Parton, Lionel Richie and Kylie Minogue in the Sunday afternoon slot, one of the biggest draws at Worthy Farm. U.S. rapper Kendrick Lamar will headline on Sunday, bringing the festival held in south-west England to an end. Share article

England 113 runs away from series sweep against New Zealand - Breaking news, special reports, world, business, sport coverag

England 113 runs away from series sweep against New Zealand 27 June 2022, 12:47 AM | England's Matthew Potts celebrates after taking the wicket of New Zealand's Daryl Mitchell . Image: Reuters England's Matthew Potts celebrates after taking the wicket of New Zealand's Daryl Mitchell . England are 113 runs away from completing a series whitewash against New Zealand after the hosts put themselves in a commanding position with eight wickets in hand in the final innings of the third test on Sunday. Chasing 296 for victory, Ollie Pope and Joe Root were at the crease at stumps after the pair made light work of a competitive target as England finished day four on 183-2. The pair set up what promises to be an intriguing final day, with Headingley hopeful of having a packed house as they look to replicate the Trent Bridge test’s atmosphere by offering free tickets. England lost Alex Lees to a run-out after a mix-up in the fifth over while his opening partner Zak Crawley (25) was caught in the covers off Michael Bracewell, with skipper Kane Williamson involved in both dismissals. But Pope (81) and Root (55) steadied the ship with an unbeaten 132-run partnership as they saw off the fast bowlers and targeted spinner Bracewell, who went for over six per over. New Zealand also lost two reviews in successive balls when Root was rapped on the pads. The former England skipper survived on both occasions, giving Williamson a lot to ponder every time there was a shout for leg-before wicket. BLUNDELL AND MITCHELL FRUSTRATE ENGLAND Earlier, New Zealand were dismissed for 326 after the in-form Daryl Mitchell and Tom Blundell had again frustrated the hosts. England’s momentum gained by taking three wickets late on the third day seemed to be fading away in the morning as Mitchell and Blundell continued their fine form in the series. The pair batted through the first session, negotiated the early swing in gusty conditions and also saw off a bit of the new ball, completing their half-centuries after lu

SARS streamlines auto assessments for the 2022 tax filing season - Cape Business News

Cape Business News SARS streamlines auto assessments for the 2022 tax filing season June 26, 2022 WhatsApp Joon Chong, Partner at Webber Wentzel. Taxpayers who are satisfied with their auto assessments need not take any further action, under the new procedures introduced by SARS for the 2022 tax filing season SARS has introduced some changes to the auto assessment process this year to make it easier for taxpayers to file their income tax returns. Following our recent update on auto assessments , new information has been published on the SARS website. An auto assessment is based on data received from employers, medical aids, banks, retirement annuity funds, etc. Once SARS has completed the auto assessment, it will notify the taxpayer by SMS or email, and the taxpayer will be able to view it on the eFiling website or the SARS MobiApp. Taxpayers can view the third-party data that was used to prepopulate the return (by clicking on the "Third Party Data Certificate search button on the menu bar) to check that the data is correct. If the taxpayer is satisfied that the auto assessment is correct and contains all relevant information, and a refund is due, they do not need to take any action to "submit the assessment. If they are satisfied it is correct, but they are due to make a payment to SARS, they must do so within the payment due date specified on the Notice of Assessment (ITA34). However, if a taxpayer believes the auto assessment is incorrect, or does not contain information on all sources of income (e.g., rental) or allowable deductions, they must access and complete their tax return and file it within 40 business days. If this is not possible, they can apply for an extension via eFiling or the SARS MobiApp before the 40 days is up or within 21 business days of the 40 days on the basis of reasonable grounds. Extensions beyond 21 business days will only be granted on exceptional grounds, which may be difficult to justify. There are administrative penalties for the late filing of a tax retur

President Ramaphosa arrives in Germany for G7 leaders Summit - Breaking news, special reports, world, business, sport covera

President Ramaphosa arrives in Germany for G7 leaders Summit 26 June 2022, 12:12 PM | SABC | @SABCNews President Cyril Ramaphosa is participating in the G7 Leaders’ Summit taking place in Schloss Elmau, in Bavaria. Image: @PresidencyZA President Cyril Ramaphosa is participating in the G7 Leaders’ Summit taking place in Schloss Elmau, in Bavaria. President Cyril Ramaphosa has arrived in Bavaria, Germany, for his participation in the G7 Leaders’ Summit. He was invited by the host and German Chancellor Olaf Scholz. The Summit will take place on Monday where South Africa will participate in two outreach sessions. The first will be "Investing in the future, where issues of climate, energy and health will be discussed, followed by a working session titled "Stronger Together, where the Summit will address food security issues and advancing gender equality. Leaders of the G7 are expected to discuss among issues sanctions against Russia, challenges of food security, climate change, the war in Ukraine and challenges facing members of the G7 as they built back better the global economy that has been affected by the COVID-19 pandemic. President Ramaphosa arrives in Germany for G7 leaders Summit:

R700m abandoned Carletonville hospital vandalised - LNN

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

Cape Town's open-air dining events revive social life and businesses - Breaking news, special reports, world, business, spor

The iconic streets of Bo-Kaap in Cape Town. Image: Unsplash The iconic streets of Bo-Kaap in Cape Town. The roads and streets of Bo-Kaap, at the edge of the city centre of Cape Town, were lined with dining tables and chairs, as the city continues its various open-air dining events. The street fair is hosted in different locations around the city with the aim of promoting and boosting local food vendors, crafters and artists. Councillor of Cape Town’s Ward 77, Francine Higham, says both locals and international tourists came together to enjoy the city’s views, tastes, sounds and the aroma of freshly made food. Today between 12:00 and 20:00 the Bo Kaap will host our next open air dining and open streets experience. Upper Wale Street will be closed down for vehicles. Come down for something to eat or a drink, bring the kids too. I will be there around 4pm today, see you there! pic.twitter.com/o3kmSZkDrE

Numsa condemns shopsteward’s murder in Rustenburg

Numsa condemns shopsteward’s murder in Rustenburg26 June 2022Mahlomola Hlothoane was shot and killed on Friday night at his home in Rustenburg.Picture: iStockThe National Union of Metalworkers of South Africa (Numsa) has condemned the murder of its shopsteward at Implats in Rustenburg, North West.Mahlomola Hlothoane was shot and killed on Friday night at his home in Rustenburg by two unknown gunmen, according to Numsa general secretary Irvin Jim.“Comrade Mahlomola was a Numsa shopsteward who assisted the union by coordinating recruitment and mobilising workers at Implats.“We are deeply shocked and saddened as a trade union that we have lost a leader who was dedicated to the struggle of workers,” Jim said in a statement on Sunday.ALSO READ: Numsa members embark on an indefinite strike at ImplatsNumsa sent its condolences to Hlothoane’s family, saying his murder was the second official of the union who was murdered for allegedly organising workers at Implats.“Last year we buried comrade Malibongwe Mdazo who was assassinated in a similar fashion. His killers have not been found.”Numsa demanded that the South African Police Service urgently find and arrest those who are responsible for the murders.“It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice.“We demand justice for these murders and we demand that the police must ensure that the community of Rustenburg, particularly in the immediate surrounding area of Implats is safe for all who live there.”

“Tea tourism” - the hot new growth engine of for SA’s economy? - Cape Business News

Cape Business News "Tea tourism - the hot new growth engine of for SA&rsquo;s economy? June 26, 2022 WhatsApp Skimmelberg Farm (Clanwilliam) offers regular Rooibos and Buchu tours. Photo courtesy of Cederberg Ridge FEW industries have been hit as hard by the pandemic as the travel and tourism sector, but fortuitously, it has given a fillip to tea tourism worldwide. Adele du Toit, spokesperson for the SA Rooibos Council (SARC) says the pandemic turned everyone&rsquo;s focus to healthier living, which has fuelled a resurgence in tea consumption and exploring the unique regions where tea or tisanes are produced. "Globally, this trend has led to once dilapidated tea planter&rsquo;s bungalows and houses being restored and turned into boutique hotels and lodges. Here, tea-lovers can enjoy a tranquil stay, away from the city surrounded by nature, while learning more about their favourite brew. "Most of these tea estates are 100+ years old, so staying there and learning about its history, tea culture and heritage is a unique experience in and of itself. When you go on a tea tour, a whole new world starts to unfold. It takes you inside a century-old community that has been farming and processing tea for generations. "From an economic perspective, tea tourism has a great outlook. The market has huge potential, and it&rsquo;s sustainable and green. "Travellers are starting to swop "sun-and-sand vacations with new, niche travel experiences that interest them, and beverage tourism, which encompasses tea-, coffee-, wine-, whiskey/whisky- and beer tourism, all fall under the same umbrella, remarks du Toit. Annually, tourism contributes about R130 billion (3%) to SA&rsquo;s Gross Domestic Product (GDP) and provides work for 4.5% of the population. Tourist numbers plummeted by 72.6% from 10.2 million in 2019 to 2.8 million in 2020. Du Toit believes the combination of Rooibos farming with tourism can become a new engine of growth for the local economy, which in turn, could help create jo

Xylem Water Solutions SA - Cape Business News

Cape Business NewsXylem is a leading water technology company committed to “solving water” by creating innovative and smart technology solutions to meet the world’s water, wastewater and energy needs.In a world of ever-growing challenges, Xylem delivers innovative water technology solutions throughout the cycle of water.Our technological strength across the life cycle of water is second-to-none. From collection and distribution to reuse and return to nature, our highly efficient water technologies, industrial pumps and application solutions not only use less energy and reduce life-cycle costs, but also promote sustainability.We have operations in more than 150 countries. Our African regional head office is in Johannesburg and covers the sub-saharan region, as well as our network partners. With our local presence and close cooperation with business partners, we ensure that we are delivering the right solution for the problem at hand.ShareClosure of Tiger Brands’ Langeberg and Ashton canning fruit factory spells...June 22, 2022Agri SA is deeply concerned about the recent commencement of a consultation period after Tiger Brands gave notice of its intention to close down its canning...RECOMMENDEDContact us: sales@cbn.co.za© CAPE BUSINESS NEWSWe use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.ClosePrivacy OverviewThis website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cook

Numsa condemns shopsteward’s murder in Rustenburg

The National Union of Metalworkers of South Africa (Numsa) has condemned the murder of its shopsteward at Implats in Rustenburg, North West. Mahlomola Hlothoane was shot and killed on Friday night at his home in Rustenburg by two unknown gunmen, according to Numsa general secretary Irvin Jim. “Comrade Mahlomola was a Numsa shopsteward who assisted the union by coordinating recruitment and mobilising workers at Implats. “We are deeply shocked and saddened as a trade union that we have lost a leader who was dedicated to the struggle of workers,” Jim said in a statement on Sunday. ALSO READ: Numsa members embark on an indefinite strike at Implats Numsa sent its condolences to Hlothoane’s family, saying his murder was the second official of the union who was murdered for allegedly organising workers at Implats. “Last year we buried comrade Malibongwe Mdazo who was assassinated in a similar fashion. His killers have not been found.” Numsa demanded that the South African Police Service urgently find and arrest those who are responsible for the murders. “It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice. “We demand justice for these murders and we demand that the police must ensure that the community of Rustenburg, particularly in the immediate surrounding area of Implats is safe for all who live there.” NOW READ: Implats contractors provide clarity on Numsa’s claims

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.33 seconds agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon wit

Bloemfontein tavern shooting leaves one man dead, another hospitalised - Breaking news, special reports, world, business, sp

Bloemfontein tavern shooting leaves one man dead, another hospitalised 26 June 2022, 6:03 PM | SABC | @SABCNews Six cartridges were found at the scene where one man was shot dead and another shot in the stomach at a pub in Kagisanong, in the Free State. Image: Pixabay Six cartridges were found at the scene where one man was shot dead and another shot in the stomach at a pub in Kagisanong, in the Free State. One man has been shot dead while another has been admitted to hospital after a gunman entered a tavern at Kagisanong in Bloemfontein and started shooting randomly. The first victim, who was shot in the stomach, survived while the second victim, Mashitembe Ngovela (29) sustained three gunshot wounds to the head. He died on arrival at the hospital. Police Spokesperson Sinah Mpakane says six cartridges were found at the scene. Mpakane says that police were doing their patrols when they received a complaint of a shooting at a pub in Kagisanong. "On arrival, they found one victim lying on the ground and the other one was already taken to hospital by a private car. According to information, there were lots of people enjoying and drinking at the lodge and suddenly an unknown African male arrived and started shooting randomly. The motive of the killing is still unknown and the suspect is still at large, she explains. Meanwhile, Police Minister Bheki Cele has confirmed that minors were part of the 22 people that died during a stampede at Enyobeni tavern at Scenery Park, the youngest of which was 13. He says that the doctor leading the forensics team has not been able to say for sure what led to the deaths of the victims. Cele says that for now, the only thing they can confirm is that the victims did not die of natural causes. President Ramaphosa has also sent his condolences to the affected families, from Germany, where he is attending the G7 summit. Cele gave details of the deceased. "Eight girls among them, 12 boys, youngest 13. As I was driving from the scene, the president called me. Heâ€

Two police officers killed in North Benin attack - Breaking news, special reports, world, business, sport coverage of all So

Two police officers killed in North Benin attack 26 June 2022, 8:02 PM | Reuters | @SABCNews An armoured vehicle of the Republican police patrols in the streets of Cadjehoun, district of former president of Benin Thomas Boni Yayi, on May 1, 2019 in Cotonou. - Protestors in Benin set up burning barricades on the streets. Image: Photo by Yanick Folly / AFP An armoured vehicle of the Republican police patrols in the streets of Cadjehoun, district of former president of Benin Thomas Boni Yayi, on May 1, 2019 in Cotonou. - Protestors in Benin set up burning barricades on the streets. Two police officers were killed and one wounded in an attack on a police station in the northwest of Benin on Sunday, police sources said. This is the latest in a string of deadly assaults in an area affected by a spillover of militant activity in neighbouring Burkina Faso and Niger. Suspected jihadists descended on the Dassari police station at around 2 A.M. and opened fire, killing two officers before they were pushed back, said one police officer who did not wish to be named. "Our forces were able to resist. Unfortunately, there were two dead in our ranks, the police officer told reporters. Two "terrorists were also killed, and several others wounded, he added. A second unnamed police source confirmed the assault and the death toll. Dassari is a town around 600km northwest of Benin’s largest city Cotonou, near the border with Burkina Faso. It is around 250km from a police station in the commune of Karimana, near the border with Niger, that was raided by armed assailants on April 26, leaving at least one dead and several wounded. Benin’s army has not officially communicated on Sunday’s attack. Its spokesman Didier Ahouanvoedo referred reporters to the police. "The attack this early morning once again spread panic among the local population, said a local official in Dassari, who did not wish to be named for safety reasons. "The situation is now under control thanks to reinforcements from the a

All set for Citi Business Festival’s Cedi Summit tomorrow

News Africa Now All set for Citi Business Festival&rsquo;s Cedi Summit tomorrow June 26, 2022 WhatsApp The much anticipated Citi Business Festival Cedi Summit will be held tomorrow; June 27, 2022, at the Alisa Hotel. The one-day Economic Summit being organised by Citi TV in partnership with the Institute of Statistical, Social and Economic Research (ISSER) and ABSA Bank Ghana, as part of the 2022 Citi Business Festival will host seasoned speakers from the world of banking, economics, and law. Keynote speakers billed for the summit are the Director of the Institute for Statistical, Social and Economic Research (ISSER) at the University of Ghana; Prof. Peter Quartey, the Head of FICC Research and Chief Economist at ABSA; Jeff Gable and David Ofosu-Dorte; a Senior Partner at AB &amp; David. Prof. Peter Quartey&rsquo;s session which will be under the theme, "the effects of global economic conditions on Sub-Saharan countries will delve into how the activities in the west impact economies in Africa. He will also shed light on how sub-Saharan Africa can cushion itself from changes in western economies and develop to be an economic powerhouse as well. Jeff Gable will focus on the challenges and prospects of the global economy, following Russia&rsquo;s invasion of Ukraine and the Covid-19 pandemic, while David Ofosu-Dorte, will touch on "The Global Trends, New Realities &amp; Africa&rsquo;s Future. Other panelists expected to speak at the summit are; Humphrey Ayim Dake, the President of the Association of Ghana Industries, Dr. Yaw Ansu, an advisor to the Minister of Finance, Dr. Maxwell Opoku Afari, 1st Deputy Governor, Bank of Ghana, Dr. Ama Pokua Fenny, Economist &amp; Senior Research Fellow at ISSER and Abena Osei-Poku, the Managing Director at Absa. The Russia-Ukraine war has recently been highlighted as the single major contributory factor to the skyrocketing fuel prices in Ghana, like other African countries, which has consequently affected the price of general com

Load shedding has led to a spike in insurance claims for this one item

Load shedding has led to a spike in insurance claims for this one itemAdam Kruger 0 CommentsFollowing the disruptive Covid-19 lockdowns of the past two years, global supply chains have struggled to normalise, leading to a spike in the price of almost all goods, says Soul Abraham, chief executive for retail at Old Mutual Insure.This sustained hyperinflation has seen a dramatic increase in the price of many commodities such as oil, wheat, other crops, and even computer chips, leading to inflation rates last seen several decades ago.“It is likely to persist for at least the next 12 months and is having a significant impact on our industry. Already, we are seeing a much higher inflationary figure than what was expected -almost three times our worst-case scenario â€" and this is significantly affecting our claims cost base, particularly in our motor portfolio,” said Abraham.While we are working closely with our supplier base to mitigate these costs, we cannot offset all of them, and unfortunately, some must be passed on to our customers in the form of premium increases, he said.Trends impacting inflation, and claims costsDemand is increasing rapidly around the world after two years of Covid-19 restrictions. The sustained increase in inflation is caused by the resumption of global economic activity after long lockdowns have sent demand, and subsequently prices of goods, higher.Supply chain disruptions are being driven by port congestion, skyrocketing freight costs, and the widely publicised semi-conductor chip shortages. China’s strategy of hard lockdown when the coronavirus is detected will also influence the supply chain. Shanghai â€" a major manufacturing centre globally â€" entered a nine-day lockdown at the time of writing.“We are also experiencing double-digit inflation numbers in the average cost of motor vehicle claims, mostly owing to the global semiconductor and microchip shortages, which have negatively impacted the availability of new cars.“And

La Traviata Ballet returns to the Joburg Theatre - Breaking news, special reports, world, business, sport coverage of all So

La Traviata Ballet returns to the Joburg Theatre 26 June 2022, 2:11 PM | SABC | @SABCNews Image: @JoburgTheatre La Traviata Ballet, which was last performed in Johannesburg in 2017, will be shown at the Joburg Theatre from July 1 through July 10 for eight performances. The production, which tells the tale of the Lady of the Camellias and was first produced in 1990 in Cape Town, is based on the 19th century. La Traviata-The Ballet is one of the ballets that Cape Town-based choreographer Veronica Paeper has created that has garnered the most attention. Joburg Ballet artistic director Iain MacDonald says audiences will be moved by the production and they will relate to the place. "This ballet speaks to you and I. It’s a romantic story. We’ve been in a relationship. Five years ago it was sold out because people could relate, says MacDonald. Watch the full interview:

Numsa shop steward gunned down in Rustenburg

NewsletterShare this:The National Union of Metalworkers of South Africa (Numsa) says one of its shop stewards at Implats has been gunned down. File: Police vanMahlomola Hlothoane was shot and killed by two unknown suspects outside his home in Rustenburg on Friday night.The trade union’s spokesperson Phakamile Hlubi-Majola said Mahlomola was targeted for recruiting workers at the mine."This is the second Numsa official who has been murdered for organising workers at Implats. It is unacceptable that people are dying simply for exercising their constitutional right to join a union of their choice."We demand justice for these murders, and we demand that the police must ensure that the community of Rustenburg, particularly in the immediate surrounding area of Implats is safe for all who live there."ALSO READ:On 30 June 2022, it will be Rian van Heerden and Jacaranda FM's last #St...The Scenic Drive with Rian 1 day, 17 hours ago

R700m abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m abandoned Carletonville hospital vandalisedR700m abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.2 hours agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury

ANC Gauteng PEC officially dissolved to allow nomination for top 5 leadership - Breaking news, special reports, world, busin

ANC Gauteng PEC officially dissolved to allow nomination for top 5 leadership 26 June 2022, 12:11 PM | Inside the venue for the ANC Gauteng elective conference. ANC Gauteng Image: Facebook: ANC Gauteng Inside the venue for the ANC Gauteng elective conference. The African National Conference (ANC) Gauteng Provincial Executive Committee (PEC) has now been formally dissolved to allow for the selection of the top five leadership candidates. This happened following the official adoption of credentials at the 14th provincial conference, which took place on Sunday morning. More than 1 000 delegates will nominate, and vote for those whom they believe will lead the ANC for the next four years. Former PEC members, Panyaza Lesufi and Lebogang Maile will be contesting for the position of Provincial Chairperson . The conference continues as court bid fails: Panyaza Lesufi Earlier outgoing ANC Gauteng Provincial Chairperson, David Makhura confirmed that the conference has detected that there are bogus delegates who are in attendance. Makhura said this is not foreign in ANC conferences, but the "irony is that those who seek to take chances always get caught just before the voting takes place. "The administration team was able to pick up that there are people who are here and are not supposed to be here. So part of what we had to do was to just make sure, trace those people came including if there are any of them in any of our accommodation spaces, overnight. We wanted to make sure we work on that and I’m certified that has been done. As people come here now, we have a much stricter process, Makhura explained. Meanwhile, it’s not yet clear whether the conference will close today, as was initially anticipated, because it is yet to nominate new PEC members, including additional. Court interdict failed The South Gauteng High Court has dismissed an urgent application to halt the Gauteng Conference. It was filed by Jabulani Sithole who is cited as the applicant. He’s from one of the ANC br

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

Five people die in Hammerdal crash - Breaking news, special reports, world, business, sport coverage of all South African cu

Five people die in Hammerdal crash 26 June 2022, 10:06 PM | Minoshni Pillay | @SABCNews File: Serious crash that happened on the N2 near Umzinto Saterday afternoon. The crash involved multiple vehicles leaving 19 people injured. Image: KZN EMS File: Serious crash that happened on the N2 near Umzinto Saterday afternoon. The crash involved multiple vehicles leaving 19 people injured. Five people have died after a crash on the N3 southbound at Hammersdale outside Durban. It is believed that a light delivery vehicle overturned. Kwa-Zulu-Natal Emergency Services Spokesperson, Robert McKenzie says five other people have been taken to the hospital for further medical care. "Paramedics from several private ambulance services including KZN EMS treated five patients at the scene for serious injuries before transporting them to several local health institutions for continued medical care. The exact circumstances resulting in the crash are going to be investigated by police, explains McKenzie. One person has been killed and another has sustained serious injuries following a car crash on the M4 near the Victoria Embankment in Durban. It is believed that the driver of the vehicle lost control and drove into a concrete barrier. Advanced Life Support paramedic spokesperson, Garrith Jamieson. "ALS Paramedics Medical Services arrived on the scene to find total carnage as a single vehicle had lost control and collided head-on into the concrete barrier. The driver, a male believed to be in his 30s sustained major injuries and was severely entrapped in the wreckage. The man was quickly assessed. However, there was nothing more paramedics could do for him and he was declared deceased on the scene before the jaws of life and other hydraulic tools were used to remove the body from the wreckage. A passenger from the vehicle sustained serious injuries and was stabilised on the scene by Advanced Life Support Paramedics before being rushed to a nearby Durban hospital for the further treatment that he required. A 28-y

Burkina Faso gives civilians 14 days to evacuate ahead of military operations - Breaking news, special reports, world, busin

Burkina Faso gives civilians 14 days to evacuate ahead of military operations 26 June 2022, 4:47 AM | Reuters | @SABCNews New Military Leader Of Burkina Faso, Lieutenant Colonel Paul-Henri Damiba, delivers a speech in Ouagadougou, Burkina Faso, January 27, 2022, Image: Reuters New Military Leader Of Burkina Faso, Lieutenant Colonel Paul-Henri Damiba, delivers a speech in Ouagadougou, Burkina Faso, January 27, 2022, Burkina Faso’s army has given civilians two weeks to evacuate vast areas in its northern and southeastern regions ahead of military operations against insurgents, it said on Friday. The West African country’s army this week ordered civilians to leave two large "military interest zones to protect them, but did not specify how long they would have to evacuate or where they should go. One of the military zones is a rural area of around 2,000 square kilometres (772 square miles) bordering Mali in the northern province of Soum. The other covers about 11,000 square kilometres on the southern border with Benin and is mostly national park land. Reuters was not able to determine how many people reside in these areas. "A delay of 14 days will be accorded to resident populations to join safer zones, army spokesperson Yves Didier Bamouni said at a press briefing. "It is very important to be able to distinguish friends from enemies, he said, without providing further detail. Military sources told Reuters the government would provide support to the displaced. The government did not immediately respond to queries. Burkina Faso has been battling militants active in the region, some with links to al Qaeda since 2015. The fighting has displaced more than 1.85 million in Burkina Faso alone and killed thousands across the Sahel. The evacuation order was given after a major attack in the north on June 11 killed at least 100 civilians and displaced thousands more. The army on Friday also announced a three-month ban on certain brands of motorbikes and motorised tricycles across parts of

LAW, LAND AND CHIEFS: Book review: Apartheid’s pernicious legacy lives on in the former homelands

Apartheid may be over, but the Bantustans live on â€" and the ANC is milking this for all it’s worth. Ed Stoddard reviews ‘Land, Law and Chiefs in Rural South Africa: Contested Histories and Current Struggles’, a stimulating collection of 12 essays. The political marriage of the ANC and traditional leaders in the former homelands has revived an apartheid project that still disfigures the landscape, both figuratively and literally. Enduring poverty, uncertainties over land tenure as well as conflict and contestation have been the depressing results. Apartheid is over, but the Bantustans live on â€" and the ANC is milking this for all it’s worth.  These, at least, are among the takeaways for this reviewer from this stimulating collection of 12 essays by academics and activists involved in South Africa’s never-ending disputes over land. Land, Law and Chiefs in Rural South Africa: Contested Histories and Current Struggles is an excellent primer, if at times a slightly jargony and uneven one, on such issues.  It is a good companion for Wandile Sihlobo’s Finding Common Ground: Land, Equity and Agriculture and Tembeka Ngcukaitobi’s Land Matters: South Africa’s Failed Land Reforms and the Road Ahead. Much of the focus here is on tensions arising from mining operations in the former homelands and struggles over access to the rich revenue streams that spring from the underground seams. In a happenstance of history, much of the planet’s reserves of platinum group metals are found within the boundaries of the apartheid-era Bantustans. “In the apartheid era (1948â€"1994), the South African state decided to entrench tribal authorities over the whole of the areas demarcated as Bantustans, thus rendering it impossible for the rural poor in the former homelands to have communal tenure without chiefs,” writes Sonwabile Mnwana in a chapter on legal battles over platinum in North West province. “Increasingly, local

R700m abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m abandoned Carletonville hospital vandalisedR700m abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.1 hour agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury r

R700m abandoned Carletonville hospital vandalised - LNN

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

Mpumalanga family devastated following disappearance of their sister - Breaking news, special reports, world, business, spor

Mpumalanga family devastated following disappearance of their sister 26 June 2022, 9:11 PM | Police are still searching for Eunice Nkuna who has been missing from May. Image: SA Police Police are still searching for Eunice Nkuna who has been missing from May. The Nkuna family at Magudu in Nkomazi, Mpumalanga, is devastated following the disappearance of their sister who went missing last month. According to the family, Eunice Nkuna (47), went missing on the 28th of May at Magudu Village. The family alleges that the police refused to help them. The family says they are not coping with her disappearance. Her sister Nomalanga Nkuna-Maziya says the family is struggling to cope with the situation and that she is frustrated. She says she would accept whatever condition they find her sister in. Frustrated "Even if she is dead I’m going to accept it. At least I would have closure but now she is missing, I don’t know anything. I’m frustrated, her kids, and the whole family is frustrated. So, if you can help us, we will really appreciate it. We really need her. It is very painful and difficult, especially for me because she is my only sister. Nkuna’s husband, Enock Sifunda is also disturbed about his wife’s disappearance saying the reason why the investigation is taking this long is that the statements are not corroborating. He says in the first incident they had reported that she had requested to go to a church service in Swaziland, to which she then left on Friday for Swaziland. "She went to Matsamo Board Post through Swaziland. She came out at Oshoek. She further proceeded to Breightbridge and she spent more than nine days there if I remember correctly. I was calling Swaziland. I was calling everyone to find out where my wife is and only to find out that she was with Nomalanga as well. The Mpumalanga police say they are doing everything in their power to find her. Provincial Police Spokesperson Selvy Mohlala says they can confirm that Nkuna went missing on the 2

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.2 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without

Tshidzini residents alarmed by illegal felling of Breonadia salicina trees in Limpopo - Breaking news, special reports, worl

Tshidzini residents alarmed by illegal felling of Breonadia salicina trees in Limpopo 26 June 2022, 10:45 AM | Ecologists say the Breonadia salicina preserves water and provides refuge to wildlife. Image: Flickr Ecologists say the Breonadia salicina preserves water and provides refuge to wildlife. Residents of Tshidzini village, near Thohoyandou in Limpopo, are concerned over the illegal de-bushing and smuggling of the Breonadia salicina trees. The protected trees are believed to be a major raw material for quality furnisher and wooden vehicle dashboards. According to ecologists, the Breonadia salicina trees preserve water and play host to wildlife species such as birds and snakes. Locally known as Mutulume - the Breonadia salicina - is one of the strongest and oldest known indigenous trees. It is mainly found in wet and tropical regions like the Vhembe district in Limpopo. It grows along river banks and can live up to thousands of years. Ecologists say the Breonadia salicina preserves water and provides refuge to wildlife. Tshidzini community representative Robert Magara says they are working with relevant authorities to protect the tree. "We are very much concerned about this happening. this is a very important tree because we get water from it so it preserves water some people get medicine from it. it also helps us as a windbreaker during windy seasons we have to protect it. The Breonadia salicina has been protected under the National Forest Act of 1998. Ecologist Ndivhuho Khantshi says chopping and smuggling of the tree is an unlawful act warranting a minimum of a 3-year prison sentence. "Mutulume is protected under the national forest act number 94 of 1998 under section 15 sub section one where it says none is allowed to cut the tree or purchase or sell it even sell any product that comes from it. The assistant director of Vhembe district environment and tourism Shavhani Neluvhola says they are concerned over the deforestation of the trees. "As the department, we are very concerned be

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.14 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon withou

Bagnaia cruises to Dutch GP win as Quartararo crashes twice - Breaking news, special reports, world, business, sport coverag

Bagnaia cruises to Dutch GP win as Quartararo crashes twice 26 June 2022, 4:37 PM | Image: MotorSport.com Ducati's Francesco Bagnaia Francesco Bagnaia of Ducati led from start to finish to win the Dutch Grand Prix on Sunday for his third victory of the season as world championship leader Fabio Quartararo crashed twice and was forced to retire from the race. Rookie Marco Bezzecchi of the VR46 Racing Team came second for his maiden MotoGP podium and Aprilia’s Maverick Vinales was third, his first podium since last year’s Dutch Grand Prix at the TT Circuit Assen also known as the "Cathedral of Speed. Bagnaia - last year’s championship runner-up - had failed to finish his last two races in Catalunya and Germany but made up for it with victory in Assen where Ducati last won in 2008 when two-time champion Casey Stoner was with the Italian outfit. "It was a very long race, said Bagnaia, who moved up to fourth in the riders’ standings. "I’m so happy after two difficult races where we were always competitive but we didn’t get any results. "We did an incredible job because there was one phase when it started raining a bit and it was very scary, but we finally won here and it shows we are strong. Quartararo was competing for second place with Aprilia’s Aleix Espargaro when contact on a risky overtaking move on lap five caused the Yamaha rider to fall but he managed to re-join the race at the back of the field. The collision also dropped Espargaro - who regained control but was forced off the track - down to 15th by the time he recovered as the top two riders in the championship standings lost ground. Yamaha’s race got worse as Franco Morbidelli also lost control at the same turn before Quartararo crashed for a second time when he lost grip on his rear tyre and a high side threw him over the handlebars onto the tarmac. The Frenchman was visibly in pain, but he was able to get up and walk away while Espargaro slowly picked off riders to move up th

Pfizer/BioNTech say Omicron-based COVID shots improve response vs that variant - Breaking news, special reports, world, busi

Pfizer/BioNTech say Omicron-based COVID shots improve response vs that variant 26 June 2022, 4:07 AM | Reuters | @SABCNews Doses of the Pfizer-BioNTech vaccine against the coronavirus disease (COVID-19) are pictured at a booster clinic for 12 to 17-year-olds in Lansdale, Pennsylvania, U.S., January 9, 2022. Image: Reuters Doses of the Pfizer-BioNTech vaccine against the coronavirus disease (COVID-19) are pictured at a booster clinic for 12 to 17-year-olds in Lansdale, Pennsylvania, U.S., January 9, 2022. Pfizer Inc (PFE.N) and BioNTech SE (22UAy.DE) said on Saturday that a booster dose of updated versions of their COVID-19 vaccine, modified specifically to combat the Omicron coronavirus variant, generated a higher immune response against that variant. Advisors to the U.S. Food and Drug Administration are scheduled to meet on Tuesday to discuss whether to update COVID-19 vaccines for the fall. The updated shots are likely to be redesigned to combat the Omicron variant of the coronavirus, experts say. Pfizer and BioNTech said that 30 and 60 microgram doses of a shot targeting just the BA.1 Omicron subvariant that was circulating last winter elicited a 13.5 and 19.6-fold increase in neutralizing geometric titers against that subvariant. A version of the shot that contained both the redesigned vaccine and their original vaccine elicited a 9.1 and 10.9-fold increase, they said. The results were from a trial of 1,234 people aged 56 or older. The shots were well-tolerated in participants, the companies said. They said that early laboratory studies suggest that both Omicron-modified candidates neutralize the Omicron BA.4 and BA.5 subvariants that have been circulating more recently, though to a lesser extent than they do for BA.1, with titers approximately 3-fold lower. The companies say they are continuing to collect data on how well the boosters perform versus the more recently circulating strains. Moderna Inc (MRNA.O) has also made a redesigned vaccine targeting the BA.1 Omicron subvariant. The

R700m down the drain as abandoned Carletonville hospital vandalised

A hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic. On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open. When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.   There are no security guards at the hospital, and the entrance gate is standing open. The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital. The cases were all reported in just over a month. The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago. In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury regulations and instruction notes’. The Gauteng Department of Health, which wanted the hospital for a Covid-19 facility, had already vacated the hospital after they decommissioned it on March 31. When asked about the matter, the department’s spokesperson, Kwara Kekana, dodged accountability for the fiasco. She confirmed the previously released information that the staff had already been redeployed to other facilities. The Carletonville Herald also asked Harmony Gold, the new owner of

Can world number 1,204 win Wimbledon? Serena eyes greatest ever triumph

Ranked a lowly 1,204 in the world and without a competitive singles match in 12 months, Serena Williams will sweep into Wimbledon targeting what would be her greatest triumph. The seven-time champion at the All England Club will also be chasing down a record-equalling 24th Grand Slam title. The odds have rarely been so stacked against the great American who can become the first unseeded woman to win Wimbledon. With her 41st birthday just three months away, Williams hasn't played a singles tie on tour since limping out of Wimbledon in tears in the first round against Aliaksandra Sasnovich in 2021. The American star has been frustratingly marooned on 23 Slams since winning a seventh Australian Open in 2017 while pregnant. She was runner-up at Wimbledon and the US Open in 2018 and 2019 as Margaret Court's all-time record of 24 majors remained out of touch. "I didn't retire. I just needed to heal physically, mentally. I had no plans. I just didn't know when I would come back. I didn't know how I would come back," said the 40-year-old on Saturday. Williams warmed up for Wimbledon by playing doubles with Ons Jabeur at Eastbourne and starts her All England Club campaign against France's Harmony Tan, ranked 113 and who is making her tournament debut. When Williams played her first Wimbledon in 1998, current world number one Iga Swiatek was still three years away from being born. The 21-year-old Pole arrives at the tournament with a second French Open title secured and on a 35-match win streak. That equalled Venus Williams' 35 straight victories in 2000 for the longest winning run by a woman in the 21st century. It also bettered Serena's mark of 34. "I saw Serena on Friday, I was pretty overwhelmed," said Swiatek who has six titles to her name in 2022. "Just seeing her around is great because she's such a legend, there's nobody that has done so much in tennis." Wimbledon will test her ability to keep the run going where last year's fourth round was her best performance even though she was junior ch

Horror on Oslo Pride day as gunman goes on deadly rampage at gay bar - Breaking news, special reports, world, business, spor

Horror on Oslo Pride day as gunman goes on deadly rampage at gay bar 26 June 2022, 3:41 AM | Reuters | @SABCNews People taking part in a spontaneous Pride parade arrive at the London Pub, a popular gay bar and nightclub, to pay tribute to the victims of the shooting, after the official event was cancelled, in central Oslo, Norway June 25, 2022. Image: Reuters People taking part in a spontaneous Pride parade arrive at the London Pub, a popular gay bar and nightclub, to pay tribute to the victims of the shooting, after the official event was cancelled, in central Oslo, Norway June 25, 2022. Terrified revellers at a gay bar in Oslo hid in a basement and desperately called loved ones as a gunman went on the rampage, killing two people and injuring 21 on the day the city was due to celebrate its annual Pride parade. Authorities said the suspect, a 42-year-old Norwegian citizen of Iranian origin, was believed to be a radicalised Islamist with a history of mental illness who had been known to intelligence services since 2015. The suspect will be subjected to a psychiatric evaluation in the coming days as part of the investigation, police said. The attack took place in the early hours of Saturday, with victims shot inside and outside the London Pub, a longstanding hub of Oslo’s LGBTQ scene, as well as in the surrounding streets and at one other bar in the centre of the Norwegian capital. The deceased were two men in their 50s and 60s, police said. "Everything indicates that this has been an attack by an Islamist extremist, Prime Minister Jonas Gahr Stoere told a news conference. "We don’t (yet) know if the queer community was the intended target, but we know it is a victim. Bili Blum-Jansen, who was in the London Pub, said he fled to the basement to escape the hail of bullets and hid there along with 80 to 100 other people. "Many called their partners and family, it felt almost as if they were saying goodbye. Others helped calm down those who were extremely terrified, he told TV2. "I

President Ramaphosa sends condolences to families of twenty tavern patrons who died at an EC tarven - Breaking news, special

President Ramaphosa sends condolences to families of twenty tavern patrons who died at an EC tarven 26 June 2022, 4:21 PM | SABC | @SABCNews The Minister of Police leads national delegation to the crime scene where a group of children lost their lives at a local tavern during the early hours of Sunday morning. Image: South African Police Service The Minister of Police leads national delegation to the crime scene where a group of children lost their lives at a local tavern during the early hours of Sunday morning. President Cyril Ramaphosa has sent his condolences and expressed concern about the death of 20 teenagers. While the President awaits more information on the incident, his thoughts are with the families who have lost children as well as families who are awaiting confirmation of how their children may have been affected. The President is, however, also concerned about the reported circumstances under which such young people were gathered at a venue which, on the face of it, should be off-limits to persons under the age of 18. Miserable incident during youth month Ramaphosa says, "This tragedy is made even graver by its occurrence during Youth Month- a time where we celebrate young people, advocate and advance opportunities for improved socio-economic conditions for the youth of our nation. Police Minister Bheki Cele is also at the scene, together with a forensic team, to investigate the cause of death, and what led to the incident. The president expects the law to take its course following investigations into the tragedy. Blame with the owner of the establishment Twenty people were killed in a stampede in the early hours of Sunday morning at the Enyobeni tavern at Scenery Park in the Eastern Cape. The majority of the deceased are believed to be underage. National Liquor Traders convener Lucky Ntimane says that they are saddened by the loss of life. Ntimane says the blame lies with the owner of the establishment. "We clearly hold the tavern owner liable for whatever has happened ther

Malema denounces disparity in the delivery of services based on race - Breaking news, special reports, world, business, spor

Malema denounces disparity in the delivery of services based on race 26 June 2022, 5:48 PM | EFF leader Julius Malema at the party's youth day celebration in Thohoyandou. Image: Twitter: @EFFSouthAfrica EFF leader Julius Malema at the party's youth day celebration in Thohoyandou. EFF leader, Julius Malema has denounced the disparity in the delivery of services based on race in the country. Malema says what has been envisaged by the Freedom Charter has not materialised until poor blacks have access to basic services. The party marked the 67th commemoration of the adoption of the Freedom Charter in Kliptown, Soweto in Johannesburg. The document was adopted at the Congress of the People in 1955 and has become a blueprint of the political, economic, and social structure that the people of South Africa demanded. It would later pave the way for the country’s democratic dispensation after the apartheid era. Malema has lamented the gap between rich and poor and the lack of service delivery for the poor in the country. Malema has further added, "Do we enjoy equal human rights? Are you equal to a white man? For as long as you are not equal to a white man, the freedom charter has not been adopted. We cannot say that the people of Kliptown don’t have water and electricity and the white man next door has got water and electricity and claim to be equal. Video: 67th anniversary Freedom Charter | EFF leader leads party’s commemoration in Kliptown Share article

Artificial intelligence is being adopted by businesses in SA to boost productivity - Breaking news, special reports, world,

Artificial intelligence is being adopted by businesses in SA to boost productivity 26 June 2022, 1:43 PM | SABC | @SABCNews Image: Reuters South Africa and the rest of the world are currently experiencing a shift in how the world operates as technology makes certain tasks quicker, simpler and convenient for consumers. Most business leaders today are looking into adopting Artificial Intelligence (AI) to boost their company&rsquo;s future productivity, increase communication with customers, and enhance their customer&rsquo;s experience. Infobip&rsquo;s Regional Sales Engineering Manager for Africa, Orediretse Moleboloa claims that South African businesses are adopting artificial intelligence. "Especially companies that have no legacy of older technology. The digital native organisations or businesses, companies don&rsquo;t have an issue with older digital architecture. They just look at the latest and greatest on what&rsquo;s available. And chatbots and automated contact center solutions are the in thing at the moment, says Moleboloa. Now, AI experts are calling on Chief Information Officers to ensure that they are investing in AI that will deliver maximum returns and benefits for their businesses and organisations. Watch the full interview here: Share article

A Congolese asylum seeker works as a car guard to pursue academic success - Breaking news, special reports, world, business,

A Congolese asylum seeker works as a car guard to pursue academic success 26 June 2022, 11:57 AM | SABC | @SABCNews The Congolese asylum seeker built his academic career through the little earnings he used to collect as a car guard Image: Twitter University of Pretoria The Congolese asylum seeker built his academic career through the little earnings he used to collect as a car guard It’s a story of humble beginnings, and 31-year-old Fabrice Kapya, an assistant lecturer and a Ph.D candidate at the University of Pretoria says you can’t cut corners to reach the highest level of the ladder of success. The Congolese asylum seeker built his academic career through the little earnings he used to collect as a car guard - a form of the security services sector, which has sprung all over the country in the last two decades. Against all odds Little did people know that he also held a master’s degree in industrial systems while working as a car guard at a mall in Pretoria North. Four years later, Kapye is a Ph.D. candidate and an assistant lecturer in the Department of Industrial and Systems engineering. He says he funded his studies with every penny from customers, but he wouldn’t have made it this far without destiny helpers, who covered all of his fees. "It’s doable even though you don’t have the financial need, but you can seek help - there are people out there they’re willing to help they’re willing to invest but they want to invest in something that is really sustainable, says Kapya. Meanwhile, car guards have become a permanent feature and a part of everyday life in many cities and towns across the country. And for many, it’s a survival of the fittest. "We just make not big money, but at least we make something to eat or to put bread on the table, says one guard. "We’re not beggars, we’re just asking. The one who’s got gives - the one who doesn’t have. Like now he’s coming out, may I please assist

Challenges continue unabated at Health

DFAChallenges continue unabated at HealthByChallenges are expected to continue at the Department of Health due to the ’nominal growth’ in the department’s budget.MEC for Health Maruping Lekwene. Picture: SuppliedCHALLENGES are expected to continue at the Northern Cape Department of Health due to the “nominal growth” in the department’s budget.The department was allocated a total budget of R5.8 billion for the 2022/23 financial year.During the budget speech this week, Health MEC Maruping Lekwene indicated that the budget did not provide for improvement of capacity in terms of staffing and logistical resources, as well as the expansion of services, where the demand was ever increasing.The compensation of employees constitutes 57 percent of the budget allocation and was identified as a major cost driver, amounting to R3.3 billion.Lekwene stated that the department had incurred zero unauthorised expenditure, compared to R234 million during the previous financial year, while accruals were reduced by 47 percent to R275 million.He said the provincial mental health hospital had generated revenue through three-year retrospective billing consultations for the provision of services to the Department of Justice and Constitutional Development.“These engagements yielded great results, which saw the Department of Justice paying the hospital for forensic observation services rendered for the past three years.“These services included one-day forensic services and 30-day forensic observation services.“To date we have collected a total revenue of R12.6 million in the past few years compared to our target of R11.8 million. Just for last year alone, the target was R920,211 but the actual collection was R3 million.”Lekwene remarked that the after-effects of the Covid-19 pandemic and lockdown had resulted in an increasing burden on mental health.He said a 72-hour observation care and further care post the 72-hour observation would be implemented at

SABC's Nomvuyo Ntanjana wins Community Service Reporting Award - Breaking news, special reports, world, business, sport cove

SABC’s Nomvuyo Ntanjana wins Community Service Reporting Award 26 June 2022, 12:55 PM | SABC journalist Nomvuyo Ntanjana after winning at the Sekunjalo Journalism Awards SABC journalist Nomvuyo Ntanjana after winning at the Sekunjalo Journalism Awards The idea of journalism as an unappreciative profession is common. On a daily basis, journalists work to educate the public, hold elected officials responsible, and give voice to the citizens. SABC journalist Nomvuyo Ntanjana walked away with a Community Service Reporting Award at the Sekunjalo Journalism Award on Saturday. Ntanjana gained recognition for her story of Tatum de Pearce, a 32-year-old who has been helping her small rural community of Kroonstad with her soup kitchen. De Pearce says she started the soup kitchen, just to feed four families along her street, however, on the second day, more people poured in and she could not turn them away. Watch the full story which aired on SABC 2’s Story Untold on June 5, 2021: Share article

South Africa commemorates 67th anniversary of the Freedom Charter - Breaking news, special reports, world, business, sport c

South Africa commemorates 67th anniversary of the Freedom Charter 26 June 2022, 1:05 PM | Department of Mineral Resources minister Gwede Mantashe Image: @GwedeMantashe1 Department of Mineral Resources minister Gwede Mantashe Sunday marks the 67th anniversary of the Freedom Charter. The Charter was adopted in an open field at the Congress of the People in Kliptown on 26 June 1955. "We the people of South Africa declare for all of our country and the world to know that South Africa belongs to all who live in it. Black and white and the no government can justly claim authority unless it is based on the will of our people, the Charter reads. The Charter which serves as a blueprint of the political, economic and social structure that the people of South Africa demand, continues to guide the governing party in its service delivery program. In addition, it has also been used as a foundation in drafting the National Development Plan (NDP). Reflecting on the progress of the Freedom Charter today, the Chairperson of the ruling party, Gwede Mantashe says that the adoption of the mining charter led to the state and the people being the custodian of minerals which is an achievement for the Freedom Charter. "I’m a mine worker by background and when we adopted the mining charter, one of the things we achieved was to give all minerals below the surface of the sand to the state on behalf of the people. The custodian of minerals is the state and the people as a whole which is an achievement for the freedom charter, says Mantashe. The document states, amongst others, that education shall be free, compulsory, universal and equal for all children. Higher education and technical training shall be opened to all by means of state allowances and scholarships awarded on the basis of merit. Mantashe is of the view that access to education has improved dramatically. "Everything else will always depend on the work we do, for example, look at access to education has improved dramatically. We produce graduates th

Business needs to do introspection following Zondo Commission

The business industry in South Africa has called for introspection in the private sector in a bid to restore good corporate governance practices following the completion of the Zondo Commission, a move that could possibly restore the declining investor confidence. Business also warned that the real work against corruption and State capture was only just beginning as genuine investor confidence can be cemented by the successful prosecution of those implicated in graft and patronage. Business Unity South Africa (Busa) chief executive Cas Coovadia said the Zondo Commission had laid bare the depth and breadth of State capture and corruption, in both the public sector and among those in the private sector that are alleged to have collaborated with public officials. Coovadia said the final report came at a time when the country was facing a lack of economic growth, high unemployment, poverty, inequality and political uncertainty in the run-up to the ANC elective conference in December. "We believe the report must be considered within this context, and we must look at how the lessons learnt can help our country address lascivious of growth and improving the lives of our people, Coovadia said. "We have previously indicated the reports of the Commission are a watershed for our country and also provides an opportunity for the private sector to introspect, learn lessons and ensure businesses operate in a sustainable and ethical manner in undertaking their businesses. Chief Justice Raymond Zondo, this week, handed President Cyril Ramaphosa the final instalments of his momentous report into the allegations of State capture after four and a half years. The report found that government entities had been corrupted by a few politicians and their business associates during former president Jacob Zuma&rsquo;s administration, with Zondo recommending their further investigation and prosecution. A number of private companies which rendered services to the government were also implicated in the Commission, w

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.39 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon withou

R700m abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m abandoned Carletonville hospital vandalisedR700m abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.1 hour agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without any consideration of the Treasury r

Senior officials from N Cape Education face disciplinary action for alleged sexual harassment - Breaking news, special repor

Senior officials from N Cape Education face disciplinary action for alleged sexual harassment 26 June 2022, 1:39 PM | A view of an empty classroom. Classroom Image: Reuters A view of an empty classroom. Two senior education officials in the Northern Cape are facing disciplinary action after a female colleague accused them of sexual harassment. It is alleged that the duo made unwanted sexual advances and comments to the female subordinate as far back as 2014. The employee alleges that this happened more than once. Northern Cape Department of Education spokesperson Geoffrey Van Der Merwe says appropriate action will be taken once the disciplinary procedures are completed. "The Northern Cape Department of Education can confirm that the disciplinary hearing against two senior officials of the department is ongoing. We have experienced some delays due to the request for a postponement from some parties involved, once the disciplinary procedures are completed, the appropriate action will be taken by the department. Stand against bullying The Basic Education Department says it will embark on a multifaceted school campaign across all provinces. It says this is part of fighting the many social ills in schools such as gender-based violence, bullying, and racism. Deputy Minister of Basic Education, Dr Reginah Mhaule, says the campaign will be conducted in conjunction with other government departments and other state entities. Speaking during the tabling of the department’s budget vote for the year under review in Parliament, Mhaule says the main plan is to extend the initiative to include the next few financial years. "The multi-sectoral approach has been adopted by the department which recognises immensity of the challenges faced by all learners and educators in response to the trends posed by bullying and gender-based violence and femicide. "The campaign is supported by other sister departments such as the Department of Health, Social Development, Home Affairs, Justice and Constitutional Dev

Kabza De Small "KOA 2" Album Review

Ikedichim Chibundu Send an email 26 June 2022Album cover artworkThis is amazing work. You will literally feel the hard work and time and talent invested in this project. Everything seemed well-thought-out. The features? Just impeccable. Goes to say Kabza De Small really, really knows his stuff.The album starts its journey with a fiery entrance on “Khusela”, which features Msaki. The eight-minute-long song starts off with the unique bounce that characterizes Afro House beats and then it infuses piano keys that goes ahead to pull the vocals in. That was a well-chosen way to go in for real. The song keeps going at that pace, but slows down at some point before picking up again which remains the tempo till the end. Beautiful composition, I must say. “Ingabe” seemed to have taken the baton from the first track. Destined to be a club -banger, this one. How the daring but soft voice of Spartz just keeps flowing in sync with the beat is just really something you have to love. If that isn’t musical chemistry, I honestly don’t know what else is. A match made in musical heaven.Simmy and Njelic come with the juice on “Eningi”, singing and rhyming together in such harmony that must evoke a feeling in you. The feeling of wanting to leap to your feet to bust some hot moves you didn’t even think you were capable of. It’s so rhythmic, giving what it is supposed to go give; that street-worthy but chill vibe. Easily gliding down to the 4th song, “Ubumnandi”, top-tier female energy takes over, as Nia Pearl and MDU” synergize on a different level only very talented singers can access. The beats and ad-libs further help to project the many intricate beauties of the tune. Could effortlessly morph into a party anthem.What You Need To Know About Downloading Free Beats For Your MusicKabza brings some special vocalists and artists on the next song, “Xola”, the fifth one. As Nobuhle, Ze2 join their voices together to make ma

Team of experts to investigate deaths of 21 young people at a tavern in Eastern Cape - Breaking news, special reports, world

Team of experts to investigate deaths of 21 young people at a tavern in Eastern Cape 26 June 2022, 9:25 PM | Image: SAPS Police Minister Bheki Cele in Scenery Park in East-London. Police Minister Bheki Cele has deployed a team of experts to investigate the circumstances behind the deaths of the 21 young people who died at a tavern in Scenery Park in East London. Cele could not hold back his tears after seeing the bodies of the deceased. He says he has reliably been informed that there is no natural death among the dead. Residents in the area are calling for the establishment to be shut down as they claim that it is profit-driven and does not have the interest of the patrons at heart. "The scene I have seen here inside it takes it doesn’t matter what kind of a heart you have first the sight of those bodies sleeping (sic) there but when you look at their faces you realise that you are dealing with kids, you have heard the story that they are young but when you see them you realise it’s a disaster. Cele added that the team will report to him on a daily basis. Meanwhile, the tavern owner, Siyakhangela Ndevu has committed to working with law enforcement agencies to get to the bottom of the matter. A member of the community says, "As a businessman, l didn’t think this would happen. My apologies to the affected families. Let’s allow the police to do their work. Video: Cele describes the Eastern Cape tavern deaths as a disaster - youngest victim was only 13-years-old: Share article

Muvhango the most viewed soapie on SABC 2: Makubyane - Breaking news, special reports, world, business, sport coverage of al

Muvhango the most viewed soapie on SABC 2: Makubyane 26 June 2022, 1:19 PM | Image: SABC 2 Muvhango cast crew. Muvhango continues to be one of the most-watched soapies on SABC 2, according to SABC General Manager of Video Entertainment Platforms David Makubyane. He was speaking at the sideline of the 25th anniversary celebrations of Muvhango in Thohoyandou, Limpopo, on Saturday night. Makubyane claims the drama is still number one in the country at 21H00 every night, adding that the celebration marks a milestone of telling the story in an African language and in an African way. "I think around the world, there are very few properties or dramas that last, we all know the likes of the Bold and so on. So it’s in that category. You know, 25 years, and it’s not just 25 years of Muvhango being there. It’s 25 years of representation; representation of marginalised languages, the representation of a region that previously was looked down on and the people that were previously looked down on, and today you find audiences that are watching from all over the country. Meanwhile, some of Muvhango’s actors, Gabriel Temudzani who plays Azwindini and Azwimmbavhi Rambuda who plays Mpho, say they are grateful to be part of the soapie. "Now that we are in Venda, that you know struck some nostalgic memories of the journey travelled, but when I reflect on the journey, the feeling is so pleasing, and one can tell and attest that our people don’t just love us they embrace us with love. It is incredible. I mean, like you say it’s a milestone. I mean 25 years of telling compelling stories. I’ve been with the show for like 10 years, but it is really amazing. Share article

NUMSA shocked at the murder of member in Rustenberg

NUMSA shocked at the murder of member in RustenbergThe National Union of Metalworkers of South Africa (NUMSA) expressed its disbelief on Sunday, 26 June, following the murder of one of their own. The victim is a Rustenburg shop steward from the Impala Platinum Mine.Second shop steward at Implats murdered in a yearThe victim, Mahlomola Hlothoane, is allegedly the second shop steward at Implats to be murdered within a year.“This is the second NUMSA official who has been murdered for organising workers at Implats. Last year we buried comrade Malibongwe Mdazo who was assassinated in a similar fashion. His killers have not been found,”stated the union.Two unknown gunmen allegedly murdered HlothoaneIn a statement released by NUMSA, Hlothoane was murdered by two unknown gunmen at his residential home in Rustenburg.“He was murdered on Friday night at his home in Rustenburg by two unknown gunmen. We are deeply shocked and saddened as a trade union that we have lost a leader who was dedicated to the struggle of workers. We send our deepest condolences to his family who has lost a breadwinner and father,”NUMSA said in a statement.NUMSA says his murder could be linked to his involvement with themThe Union believes the killing was linked to his trade union involvement. A request has been made for the police to intervene, reports TimesLIVE.“We demand justice for these murders and we demand that the police must ensure that the community of Rustenburg, particularly in the immediate surrounding area of Implats, is safe for all who live there,”said NUMSA.Man, 27, handed two life terms for two brutal killings in 2017 and 2018In other murder-related news, it was previously reported that a 27-year-old man was handed two life terms for murders he committed in June 2017 and March 2018. Odirile Figland is from Winterveld in Tshwane.Sitting at the Ga-Rankuwa Regional Court, the North West High Court also sentenced Figland to 27 to 85 years for other offences he committed. One of

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.2 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without

Understanding Facebook Business Account

Understanding Facebook Business Account Thanked: 1076 Understanding Facebook Business Account Let me start off by saying that I am not on Facebook and I am trying to help a friend out. He is on Facebook and has a page linked for his business. It seems as if his pages has been hacked and we have tried to delete the pages. Although this is not the purpose of the thread to discuss that. I think we managed to delete his Facebook account. The idea was to start from scratch with a new account, primarily for his business. I have done and tried a couple of things. Maybe someone more proficient with Facebook can help me with some answers/pointers. Unless I missed it somewhere in my Googling, it seemed as if one cannot create a business page without having a personal page. Is this correct? To go ahead in creating the business page, I went along and created a new gmail and created a new private Facebook page with this email. I did not want to use the email that was used on the hacked account. Once I created the private page, I created a new page for the business, and this is where it lead to resorting to the 4x4 Community Forum for help (HaHaHa) 1st Problem encountered, was that the newly created business page does not show up on a Google search. Only the hacked one, although I do get a message that it may have been deleted, which is good. I have checked in the settings and it is published. I have tried to unpublish it and then publish again, without success. 2nd problem that is linked to question 1 relates to sending of friend requests. As the business page was created or is linked to the private page, I cannot invite friends onto the business page without 1st inviting them on the private page to make them visible on the business page to be invited. In this case we are not going to use the private page, but it does not seem right that each person/client has to get 2 invites before they can be on the business page. What am I doing wrong? I would have thought that the business would be able to send ou

Most People Think Imposter Syndrome Reveals Your Gaps. The Truth Is It Reveals Your Growth

Melanie Hawkenby Lori MilnerImposter syndrome is not based on logic. The most successful people still experience the feeling that everyone will find out that they know nothing, that their success is based on luck, and that they don’t deserve to be there. It’s a debilitating pattern and one that can keep you playing small if you buy into your own story.What if you reframed imposter syndrome as a good thing? What if you could see it’s the passport to your growth? You can’t win the lottery without the ticket â€" what if you accept you can’t grow and move beyond your comfort zone without experiencing a healthy dose of imposter syndrome?What if you could see imposter syndrome as something that belongs? It’s part of your journey and has a place at the table. The fact that you have imposter syndrome means you’re trying new things and stretching yourself beyond your current abilities that you feel comfortable with.I have coached countless people who share a common dilemma â€" they are successful in their current role, although they are not fulfilled. They may want to move departments from sales to marketing but fear the judgement of not being perfect or failing. The fear of moving into uncertainty lies beneath the resistance to make the change. The loss of the known is scarier than moving into the unknown. It’s the fear of being perceived as incompetent which prevents you from taking the leap you desire.There are phases to moving from your comfort zone into your courage zone â€" it’s not one leap. It’s a process you ease into overtime, and eventually, that feeling of imposter syndrome evaporates when you build the career capital to validate your success.Here are the three phases to mastering the stages of uncertainty:Phase 1 - The Tourist.Think about the first time you travelled somewhere new; it was an emotional roller coaster. You were filled with excitement and apprehension because you didn’t know what to expe

Second NUMSA official gunned down

Second NUMSA official gunned down   TSHEHLA KOTELI 11:19 Sun, 26 Jun 2022A National Union of Metalworkers of South Africa (NUMSA) shop steward was murdered at his home in Rustenburg this past Friday.According to NUMSA National Spokesperson, Phakamile Hlubi-Majola, Mahlomola Hlothoane happens to be the second NUMSA official to be murdered in the same way.Hlothoane assisted the union by coordinating recruitment and mobilizing workers at Implats.The first official to be murdered also filled a similar position.“NUMSA is hopeful that justice will prevail and the police must ensure that the community of Rustenburg, particularly in the immediate surrounding area of Implats, is safe for all who live there.”In a statement, issued on behalf of NUMSA General Secretary, Irvin Jim, it is explained that since Malibongwe Mdazo’s murder next year, no arrests have been made in connection with the murder.NUMSA demands that the SAPS urgently find and arrest those who are responsible for the murders.“We are deeply shocked and saddened as a trade union that we have lost a leader who was dedicated to the struggle of workers. We send our deepest condolences to his family who have lost a breadwinner and father.”

Biden calls for unity against Russia at the G7 summit - Breaking news, special reports, world, business, sport coverage of a

Biden calls for unity against Russia at the G7 summit 26 June 2022, 5:20 PM | Reuters | @SABCNews The U.S. and German leaders discussed global food security in the wake of Russia's invasion of Ukraine. Image: Reuters The U.S. and German leaders discussed global food security in the wake of Russia's invasion of Ukraine. President Joe Biden called for unity against Russia, as world leaders met on Sunday at a G7 summit in the Bavarian Alps that was dominated by war in Ukraine and its painful impact on food and energy supplies across the globe. Biden told German Chancellor Olaf Scholz that his leadership had been crucial in marshalling Europe&rsquo;s response to Russian President Vladimir Putin&rsquo;s invasion of Ukraine. "You&rsquo;ve done an incredible job, and I want to thank you for it, Biden told a beaming Scholz. "Putin&rsquo;s been counting on it from the beginning, that somehow NATO and the G7 would splinter, but we haven&rsquo;t and it&rsquo;s not going to, he said. Scholz has been under fire at home for alleged dithering over what kind of weapons Europe&rsquo;s richest country should send Kyiv in its fight against Russian forces in its east. Scholz has always rejected these criticisms. "It&rsquo;s a good message that we all managed to stay united, which, obviously, Putin never expected, Scholz said. The U.S. and German leaders discussed global food security in the wake of Russia&rsquo;s invasion of Ukraine and ways of addressing the challenge posed by China, the White House said in a statement. Scholz has said that the summit&rsquo;s key aim is to send the message that Western sanctions on Russia are not to blame for spiralling food prices that are causing growing hunger in the Global South. Russia edged closer to default on Sunday amid little sign that investors holding its international bonds had received payment, heralding what would be the nation&rsquo;s first default in decades. British Prime Minister Boris Johnson and French Presiden

R700m down the drain as abandoned Carletonville hospital vandalised - LNN

Home / Network News / R700m down the drain as abandoned Carletonville hospital vandalisedR700m down the drain as abandoned Carletonville hospital vandalisedDamage to infrastructure worth R2m has been reported at the police since the refurbished Anglo Gold Ashanti West Wits Hospital has been abandoned.2 mins agoFacebook Twitter LinkedIn Tumblr Pinterest WhatsApp Telegram Share via Email PrintA hospital that cost hundreds of millions of rand to refurbish to be used as a Covid-19 facility, has now been left abandoned, with vandals stripping it of electrical cables and equipment. The tender process has been flagged with the Special Tribunal investigating tender corruption in during the Covid pandemic.On Monday Carletonville Herald visited the hospital. Some of the windows at the hospital were broken and a side door was standing open.When going through the open door, journalists entered a ward that still looked brand new. Severed cables could be seen hanging from the ceiling. Heaps of stripped cable and some broken equipment also lay outside the hospital.Cables can be seen hanging out of the ceiling at a ward that looks brand new. There are no security guards at the hospital, and the entrance gate is standing open.The Carletonville police confirmed that six cases of theft of infrastructure and equipment of more than R2 million had been opened regarding the theft at the abandoned hospital.The cases were all reported in just over a month.The problems have arisen because no one currently takes responsibility for the hospital.The government spent an exorbitant amount to ‘refurbish’ the facility, which was still close to working condition, two years ago.The side door is wide open and there is no security guarding the facility.In papers filed with the Special Tribunal investigating corruption linked to tenders in Gauteng during Covid-19, the Special Investigative Unit called the tender process ‘flawed, unlawful and invalid. The process appeared to have been embarked upon without

Nissan workers fear being displaced as plant introduces new technology

Nissan workers fear being displaced as plant introduces new technologyHlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Source The Citizen | Saturday, 25 June 2022, 08:13National Union of Metalworkers of South Africa (NUMSA) members picket outside the Embassy of Japan in Pretoria over the future of the Nissan plant in South Africa, 24 June 2022. Photo: Jacques NellesNATIONAL NEWS - Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers on Friday 24 June, to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant.Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street.Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive.“Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.”Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Nissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders.Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty.“We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said.Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape.Canning Fruit Producers

Confusion over 'fake' letter from Amotekun commandant announcing winner of Osun APC primary

Hi, what are you looking for?Prumetrics.comConfusion over ‘fake’ letter from Amotekun commandant announcing winner of Osun APC primaryByPublished2 hours agoThe delay which graced the announcement of official results of primaries held by the Osun Chapter of All Progressives Congress (APC) to select candidates that would represent the party in various offices has taken a new dimension.Recall that the Osun state chapter of the ruling party (APC) on Thursday, 26th of May, 2022 had opted for direct primary which gave access to all party members holding valid membership cards to vote for the aspirants of their choice at each ward’s collation centre of the 332 wards in the state.WITHIN NIGERIA had earlier reported that the Osun State Chapter of the All Progressives Congress (APC) has not announced the official results of primary elections held in the state into various offices barely 72 hours after the completion of the voting exercise.As party members await the release of results, a letter allegedly written by Chief Akinade M.A, the Commandant of Osun State Security Network Agency (AMOTEKUN) of Irewole Local Government has surfaced on social media which has heated the polity.Copy of the said letter In the letter titled “Security Report on APC House of Assembly Irewole/Isokan State Constituency Primary Election” which was seen by WITHIN NIGERIA, the Commandant listed the names of five aspirants namely; Hon. Akinola Olasunkanmi, Mr. Owoade Ademola, Mr Oyebade Adebisi Abideen, Hon. Olanrewaju Moruf and Mr Mustapha Olaide.Chief Akinade, the commandant via the letter further stated that there was peace and harmony before, during and after the primary election.He further disclosed that One of the aspirants identified as Oyegbade Adebisi Abideen scored the highest number of votes.While appealing to the authority to announce the name of the winner who scored the highest number of votes, Chief Akinade via the letter called on the authority to dismiss petition written by

Conservation science needs to shift from a view of how animals can benefit us

South Africa TodayHome Environment Conservation science needs to shift from a view of how animals can...Conservation science needs to shift from a view of how animals can benefit usJune 25, 2022If we continue to value nature and other species based only on what they can provide for us, we won’t be able to radically transform our relationship with them.The accelerating loss of other species around the globe is so extensive that many experts now refer to it as the  sixth mass extinction . It’s driven in large part by an unprecedented loss of vital ecosystems such as forests and wetlands, the result of social and economic systems that are focused on constant growth.The latest UN Biodiversity Conference,  COP15 , the second session of which is due to take place in October 2022, aims to implement ambitious measures for  stemming biodiversity loss . The ultimate goal is to establish harmony between humans and nature by 2050.However, in a  recent academic article , we argue that key players such as the body of conservation scientists that produces reports on biodiversity for the UN, continue to prioritise human wellbeing above all else. This prioritisation may stem from an  anthropocentric culture  that typically considers humans to be separate from and of greater value than other species.To effectively address our extinction crisis, we argue that we need more than merely technical advances or policies that remain mired in anthropocentric assumptions. Rather, we need fundamental changes in how we view and value nature and other species.Human supremacyAnthropocentrism results in the treatment of other species and nature as objects and resources for human ends. This assumption still underlies the way many people approach conservation.In environmental science and resource management, the concepts of “natural resources” and “ ecosystem services ” reflect the prevailing anthropocentric approach for assessing natural value, especially through cost

Zimbabwe healthcare workers temporarily call off wage strike - Breaking news, special reports, world, business, sport covera

Zimbabwe healthcare workers temporarily call off wage strike 25 June 2022, 6:10 PM | Reuters | @SABCNews Zimbabwean medical workers sit outside Sally Mugabe Hospital during a strike by state doctors and nurses to press for higher pay, in Harare, Zimbabwe. REUTERS/Philimon Bulawayo Image: Reuters Zimbabwean medical workers sit outside Sally Mugabe Hospital during a strike by state doctors and nurses to press for higher pay, in Harare, Zimbabwe. REUTERS/Philimon Bulawayo Zimbabwean healthcare workers halted a five-day pay strike and returned to work on Saturday, but union leaders warned they would resume the walkout if the government failed to make an improved wage offer within two weeks. Thousands of nurses and doctors at state-run hospitals in the southern African country are demanding a hefty raise and wages in U.S. dollars due to a slide in the local currency and brisk inflation that has eroded the value of their earnings. They went on strike on Monday after rejecting a government offer to double their local currency wages, saying the 100% hike would not even compensate for annual inflation that jumped to 131.7% in May. "The leaders of the Health Associations have resolved to temporarily adjourn the industrial action and request the healthcare workers to resume service, union leaders said in a letter sent to government’s Health Service Board on Friday. They warned that they would "have no option left but to withdraw service without notice if the government did not offer "meaningful salary hikes within the next 14 days. Under Zimbabwean labour law, essential workers have to seek permission to strike, but the union leaders say they would not need to do so if they decided to resume this week’s walkout. Most of the country’s nurses earn 20,000 Zimbabwe dollars ($53) a month, according to the Zimbabwe Nurses’ Association. They are demanding monthly pay of $540, which is equivalent to what they received in 2018 before the local currency slumped. Share article

Absence of other accused is contentious to court, senior state counsel argues - Breaking news, special reports, world, busin

Absence of other accused is contentious to court, senior state counsel argues 25 June 2022, 6:21 AM | Court gavel and an old book seen on a table. Image: Pixabay Court gavel and an old book seen on a table. Senior Counsel for the state, Nazeer Cassim, has argued that the absence of other accused in court in the case involving R25 million paid by the Free State Department of Agriculture to Nulane Investment is contentious to the court. Iqbal Sharma who is the sole director of Nulane showed up while court proceedings were underway. His co-accused and brother in-law Dinesh Patel missed the court proceedings. He however, managed to present himself to Judge Martha Mbhele in time before the lapse of the two hour deadline set out in a warrant of arrest issued against him by the judge. Both accused say their flights were delayed due to adverse weather conditions. The court was meant to have finalised all pre-trial issues, ahead of the trial set for 23 January to 3 March next year. However, the defense has asked for more time to study a 300 page document which they reportedly received 24 hours before the court sitting. National Prosecuting Authority’s (NPA) Investigative Directorate (ID) spokesperson, Sindisiwe Seboka, says the state has a case. "The requests sent by some of the accused were responded to this month. Then we also found out in court today that they will require further and better particulars. A timeline has also been mapped out by ourselves as well as the various legal representatives of when the submissions will be sent. We have told court that we will comply as best as possible. We will ensure that by the time we come back in September, we have done our part, Seboka adds. The video below is reporting more on the story: Judge Martha Mbele earlier warned lawyers for the accused, who were not on time at the court, that she would take steps to keep them in a place that would ensure that they are present in court when needed.-Reporting by Kamogelo Seekoei Share article

Vatican praises US Court decision on abortion, saying it challenges world - Breaking news, special reports, world, business,

Vatican praises US Court decision on abortion, saying it challenges world 25 June 2022, 3:24 AM | Reuters | @SABCNews Pope Francis attends the funeral of former Vatican's Secretary of State, Cardinal Angelo Sodano, at St. Peter's Basilica at the Vatican May 31, 2022. Image: Reuters Pope Francis attends the funeral of former Vatican's Secretary of State, Cardinal Angelo Sodano, at St. Peter's Basilica at the Vatican May 31, 2022. The Vatican’s Academy for Life on Friday praised the US Supreme Court’s decision on abortion , saying it challenged the whole world to reflect on life issues. The Vatican department also said in a statement that the defense of human life could not be confined to individual rights because life is a matter of "broad social significance. The US Supreme Court on Friday took the dramatic step of overturning the landmark 1973 Roe v. Wade ruling that recognised a woman’s constitutional right to an abortion and legalized it nationwide. "The fact that a large country with a long democratic tradition has changed its position on this issue also challenges the whole world, the Academy said in a statement. US President Joe Biden, a lifelong Catholic, condemned the ruling, calling it a "sad day for America and labelling the court’s conservatives "extreme. Archbishop Vincenzo Paglia, who heads the Pontifical Academy for Life, said the Court’s decision was a "powerful invitation to reflect on the issue at a time when "Western society is losing passion for life. "By choosing life, our responsibility for the future of humanity is at stake, Paglia said. The video below discusses the court ruling on US abortion laws: Share article

Nissan workers fear being displaced as plant introduces new technology

News Africa NowNissan workers fear being displaced as plant introduces new technologyJune 25, 2022WhatsAppMembers of the National Union of Metalworkers of South Africa (Numsa) came out in numbers to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant.Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street.Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive.“Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.”Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.ALSO READ: Numsa members embark on an indefinite strike at ImplatsNissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders.Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty.“We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said.Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape.Canning Fruit Producers Association chief executive Jacques Jordaan said the closure spelt disaster.“We are deeply concerned about the recent commencement of a consultation period after Tiger Brands gave notice of its intention to close down its canning factory in Ashton Western Cape,” Jo

Pumas defy odds to be crowned Currie Cup champions - Breaking news, special reports, world, business, sport coverage of all

Pumas defy odds to be crowned Currie Cup champions 25 June 2022, 6:53 PM | The Pumas celebrate their first Currie Cup final and win Image: Twitter @TheCurrieCup The Pumas celebrate their first Currie Cup final and win The Pumas are the champions of the Carling Currie Cup after beating The Griquas at home in the final of the rugby tournament in Kimberley this afternoon. The highly anticipated final of South Africa’s premier domestic rugby competition were played in front of approximately 8 500 fans at Griquas Park. CHAMPIONS, CHAMPIONS, CHAMPIONS! Let records show that destiny prevailed, Jimmy Stonehouse and the Airlink Pumas have won the #CarlingCurrieCup for the first time in their history! #ReachForGold #TheChampionWithin @blacklabelsa pic.twitter.com/NR3YOAYyJJ - Carling Currie Cup (@TheCurrieCup) June 25, 2022 A fan of the runner-ups said, "I am just sad that the Puma’s are leading and not the Griquas, but it’s a long time since they got this far so I guess it is an achievement being here. Both teams play for smaller unions and defied the odds to reach today’s final. The champion team from the Nelspruit union played their first ever final of this prestigious rugby competition, and bagged the cup with a 26-19 score against their opponents. This is how it happened: the Airlink Pumas completed a fairy-tale season to claim their first #CarlingCurrieCup title - match report: https://t.co/58mI7OHadB @blacklabelsa #ReachForGold #TheChampionWithin pic.twitter.com/4VDMjk8hLO

AIX: Liberalising power markets - Kenya - African

AIX: Liberalising power markets - Kenya 13 September 2022 to 13 September 2022 12h00 to 13h30 BST (GMT+1) This online roundtable will discuss the story of Kenya&rsquo;s electricity sector reforms to date and how the gradual implementation of the 2019 Electricity Act will influence the sector going forwards.

Economic recovery: Markets react well after mask mandates were scrapped

Economic recovery: Markets react well after mask mandates were scrapped James Bradford 0 Comments Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) surged to 6.5% year on year in May 2022 from 5.9% the previous month, the highest level since February 2017. The major contributors to this come from rising costs in food and non-alcoholic beverages, housing and utilities, transport

Nissan workers fear being displaced as plant introduces new technology

Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant. Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street. Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive. “Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.” Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts. ALSO READ: Numsa members embark on an indefinite strike at Implats Nissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders. Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty. “We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said. Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape. Canning Fruit Producers Association chief executive Jacques Jordaan said the closure spelt disaster. “We are deeply concerned about the recent commencement of a consultation period after Tiger Brands gave notice of its intention to close down its canning factory in Ashton Western Cape,” Jordaan said. The decision would have a devastating impact on more than 4 500 workers in the sect

Former President Zuma to hold a media briefing in response to State Capture report - Breaking news, special reports, world,

Former President Zuma to hold a media briefing in response to State Capture report 25 June 2022, 6:50 AM | Former RSA President Jacob Zuma. Jacob Zuma Image: Reuters Former RSA President Jacob Zuma. Former President Jacob Zuma is expected to hold a press briefing in response of the State Capture report on Saturday morning. The former President has been implicated in the Commission’s reports by as having facilitated the capture of the State. Chief Justice and State Capture Commission Chairperson, Raymond Zondo officially handed over Parts Five and Six of the report to President Cyril Ramaphosa on Wednesday. Zuma was forced to establish the Commission after former Public Protector, Thuli Madonsela’s 2016 State Capture report. Zuma is also expected to announce the actions he will take in relation to the Commission’s report. https://twitter.com/JGZ_Foundation/status/1540391837055258627?s=20&amp;t=jMinYJlTvMERUYl8GEX_Yw Report recommends Fraser be investigated Chief Justice and State Capture Commission Chairperson, Raymond Zondo has recommended that law enforcement agencies look into the role played by former director-general of State Security Agency (SSA), Arthur Fraser, in the handling of money at the SSA. Fraser is implicated together with former State Security Minister, David Mahlobo and Ambassador Thulani Dlomo in the withdrawal, handling and distribution of large sums of money from the SSA. According to the report, budgetary allocations increased from about R42 million in the 2016/2017 financial year to over R300 million in the 2017/2018 financial year, with R225 million allegedly used for covert operations within Fraser’s office. This, while R125 million remained unaccounted for by Fraser. He also recommends a tightening of financial controls and the recovery of the monies lost. The report also suggests that more access be granted to the Inspector General of Intelligence. Zondo further recommends that Fraser, be investigated following evidence found by an

Restonic iDream Beds and partners help clean up Durban beach

South Africa TodayHome Environment Restonic iDream Beds and partners help clean up Durban beachRestonic iDream Beds and partners help clean up Durban beachJune 25, 2022Dale Harley, Adéle de la Re and Michael Robinson left to rightOn 10 June 2022, representatives from Restonic iDream Beds, Deslee Mattex, The Mattress Warehouse, and Umgeni Estuary Conservancy, came together for a beach clean-up at Blue Lagoon Beach in Durban.Durban beaches have been devasted by flooding in April and May, and many remain closed due to high pollution levels in the wake of damaged sewerage infrastructure and a sludge overflow from an oil refinery. Plastics and debris continue to wash up onshore, weeks after the last floods, contributing to existing levels of coastal beach pollution.The clean-up group met beforehand for induction, and after cleaning up the beach, sorted the plastics collected for recycling (it will be delivered to a local KwaZulu-Natal recycling plant*), and then enjoyed a braai together after their hard work.Michael Robinson, Manager: Sales & Operations for Restonic iDream and Green Coil, says that Restonic iDream Beds and Deslee Mattex, which are all part of the Integrated Bedding division of KAP Industrial Holdings, are committed to sustainability and environmental awareness, and the beach clean-up is one of several events that are planned for the year.“At Restonic, we’re consistently working to manufacture the greenest beds in Africa,” he says. “For example, through our iDream Beds range, we partnered with the Seaqualâ„¢ Initiative to use plastic removed from the ocean in the production of textiles for our mattresses. These beach clean-ups are not only a way that we can serve South African communities â€" especially in KwaZulu-Natal, in the wake of the horrific flooding â€" but they speak to our values; the foundation of our brand. Many people don’t know that when they purchase selected iDream mattresses, the equivalent of 50 PET plastic bottles i

Wildcard Williams back to open at Wimbledon

Serena Williams’ eagerly-awaited return to Wimbledon will begin in the first round against France’s Harmony Tan as the 23-times Grand Slam champion resumes singles action after a year out next week.

Nissan workers fear being displaced as plant introduces new technology

Nissan workers fear being displaced as plant introduces new technologyHlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Source The Citizen | Saturday, 25 June 2022, 08:13National Union of Metalworkers of South Africa (NUMSA) members picket outside the Embassy of Japan in Pretoria over the future of the Nissan plant in South Africa, 24 June 2022. Photo: Jacques NellesNATIONAL NEWS - Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers on Friday 24 June, to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant.Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street.Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive.“Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.”Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Nissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders.Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty.“We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said.Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape.Canning Fruit Producers

Economic recovery: Markets react well after mask mandates were scrapped

Economic recovery: Markets react well after mask mandates were scrappedJames Bradford 0 CommentsHealth Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets.“The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter.On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors.“As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company.The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and testpositivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA.“Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes.However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters.Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants.“We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander ForbesThe Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023.Meanwhile, the country’s consumer price inflation rate (CPI) surged to 6.5% year on year in May 2022 from 5.9% the previous month, the highest level since February 2017.The major contributors to this come from rising costs in food and non-alcoholic beverages, hou

South Africa - CSA HOLDS A SUCCESSFUL PARTNERS’ FORUM

CSA HOLDS A SUCCESSFUL PARTNERS’ FORUM25 JunPosted at 09:02h in CSA News , Proteas - Men by admin@csaJOHANNESBURG: Cricket South Africa (CSA) held a successful engagement with its partners fromWednesday, 22 June to Friday 24 June 2022 at a retreat in Mpumalanga to update them on thestrategic direction of the organization.Dubbed the Partners’ Forum, this is an annual session which is attended by all CSA partners,intended to strengthen collaboration, achieve a shared vision, and drive purposeful and sustainableinitiatives that deliver clear long-term multi-stakeholder value.This was the first face-to-face meeting since the outbreak of the Covid-19 in pandemic 2020 andcoincided with the first-year anniversary of the appointment of the CSA Board.CSA, led by its Board Chairperson, Lawson Naidoo and Chief Executive Officer, Pholetsi Mosekishared the organization’s five-year strategy, while the Executive Committee delivered high-levelplans, including the 2021-22 season research report. The Proteas team management presented theirambitions on the positioning of the team as a fast-emerging global brand and the value that the CSApartners can derive from the property.CSA Chief Executive Officer, Pholetsi Moseki said of the forum:“CSA is continuing in its trajectory of rebuilding, and our partners are critical in this process. As wejourney into the new phase of CSA’s brand-promise, we envision an impactful and shared vision withour partners to better serve this beautiful game from the ground up.“I would like to thank our partners for believing in CSA as a bankable entity and supporting usthrough difficult times. That our partners had called for more frequent engagements confirms thezeal and goodwill that abounds. It a clear vote of confidence in the governance and administration oforganization.Reflecting on the milestones achieved by the Partners’ Forum, Sechaba Makume, the IntegratedExperiential Manager at Anheuser-Busch InBev (AB InBev) said:“The p

Nissan workers fear being displaced as plant introduces new technology

Nissan workers fear being displaced as plant introduces new technology25 June 20225:45 am<span style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" data-mce-type="bookmark" class="mce_SELRES_start">?</span>Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant.Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street.Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive.“Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.”Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.ALSO READ: Numsa members embark on an indefinite strike at ImplatsNissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders.Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty.“We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said.Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape.Canning Fruit Producers Association chief executive Jacques Jordaan said the closure spelt disaster.“We are deeply concerned about the recent commencement of a

Servify Enables Samsung Care+ for Business in Canada

Home Press Release Servify Enables Samsung Care+ for Business in Canada Servify Enables Samsung Care+ for Business in Canada June 25, 2022 TORONTO - Servify, a global AI-driven product ownership experience platform, announced its partnership with Samsung Electronics Canada to roll out its premium protection plan for corporate devices: Samsung Care+ for Business. The service is designed exclusively for nationwide enterprises and government customers. After a successful launch last year in the US market where the Samsung B2B program has been well received, the partnership is now extending into the Canadian market which is poised to see more than 90 percent of Canadians becoming digital natives by 2023.* As remote work went from "new normal to "status quo over the last two years, enterprises have witnessed an increased dependency on mobile devices for work and are concerned about business continuity challenges. To solve this, Samsung Care+ for Business is set to deliver a complete solution for device protection, thereby maximizing business productivity. Servify will be responsible for overall management and administration of the program, together with system integration with Samsung&rsquo;s authorized repair partners. Leveraging Servify&rsquo;s post-sales product ownership experience platform, Samsung is poised to deliver protection with a combined coverage term of up to 3 years.** Benefits for Enterprises &bull; Digital and fully automated claims journey &bull; Contract Management feature (customer can log-in and view details such as start/end date, coverage, covered device, etc.) &bull; Bulk Claim upload feature "We are thrilled to have partnered with Samsung for their B2B program in Canada. Our ongoing alliance with Samsung covers several regions including US, Eastern Europe, KSA, UAE and India which reiterates the trust Samsung has in our capabilities, said Sreevathsa Prabhakar, Founder of Servify. "Today&rsquo;s businesses are making significant investments in dev

Over 150 families displaced in Alex following fire through informal settlements - Breaking news, special reports, world, bus

Over 150 families displaced in Alex following fire through informal settlements 25 June 2022, 8:27 AM | [File image] Firefighters extinguish a burning building. Fire Image: Reuters [File image] Firefighters extinguish a burning building. Over 150 families have been displaced after a fire razed through an informal settlement in Alexandra north of Johannesburg. Joburg Emergency Services says an electric appliance caught fire when power was being restored. There were no injuries or fatalities reported. Joburg Emergency Services spokesperson Nana Radebe-Kgiba says efforts are underway to assist the affected families. "A temporary shelter was organised whilst many resorted to staying with friends and relatives whilst others were worried about their belongings that they could salvage from the fire. Efforts are in place to ensure they receive blankets, food and other necessities. Share article

Ducati's Bagnaia secures second straight pole in Assen - Breaking news, special reports, world, business, sport coverage of

Image: MotorSport.com Ducati's Francesco Bagnaia Ducati’s Francesco Bagnaia set an all-time lap record at the Assen circuit to claim his second straight MotoGP pole this season at the Dutch Grand Prix on Saturday. World champion Fabio Quartararo of Yamaha took second while Pramac Ducati’s Jorge Martin completed the front row. With the threat of rain looming large, riders started aggressively in Q2, and it was Martin who set the early pace but the Spaniard was overhauled by a flying Bagnaia, who also secured pole in Germany last week but crashed out in the race. Rookie Marco Bezzecchi was fourth, edging out Aprilia’s Aleix Espargaro. Enea Bastianini’s slim championship hopes suffered a massive blow after the Gresini Racing rider faced a mechanical failure early in Q1 and never quite recovered, only managing 16th place on the grid. Quartararo, chasing his fourth win this season, has a 34-point lead over Espargaro at the top of the overall standings, with Johann Zarco of Pramac Ducati 27 points further back in third. Moto2 Inde GASGAS Aspar Team rider Jake Dixon secured pole ahead of teammate Albert Arenas and Elf Marc VDS Racing Team’s Sam Lowes in thrid. Moto3 Husqvarna’s Ayumu Sasaki finish quickest ahead of Tatsuki Suzuki from Leopard racing and GASGAS Aspar Team Izan Guevara in third. MotoE Dynavolt Intact GP Dominique Aegerter claimed victory at the Assen TT Circuit after a dramatic last lap battle. Eric Granado and Pons Racing Mattia Casadei completed the podium with just eight-hundredths of a second covering the trio across the line. Share article

Bree Street's new members’ club for wine lovers - Culture Wine Bar

Published by Robyn Simpson onJune 25, 2022Tucked away in a luxurious loft space above Culture Wine Bar is the Wine Library; the bar’s new private members’ club and lounge that has been designed with the needs of its clientele firmly in mind. Who is its clientele? Simply put: lovers of great wine .Picture: Culture Wine BarFeaturing interiors by Stokperd â€" the same designer responsible for Manning’s other establishments; Culture, Grub & Vine, the Blue Room and the Chef’s Studio â€" the Wine Library is beautifully kitted out in shades of rust that are in harmony with, yet distinct from, the wine bar; with African accents evident in the furniture and artwork .Picture: Culture Wine BarA private bar features near the stairwell, long tables are available for working and cosy lounge pockets are scattered throughout the area, but it’s the Wine Archives â€" the brand new, custom-built, walk-in cellar â€" that is the star of the space.Picture: Culture Wine Bar“With the addition of the new cellar, our members will now be able to share their most-loved and extraordinary wines with like-minded people.”Manning says that membership options and benefits were carefully designed to meet the unique requirements of members, who consist primarily of city professionals, wine trade individuals and collectives, as well as those who are simply passionate about wine.Explains Manning, “While we are not the first establishment to offer a members’ club, I wanted to create a space that was based on what our different customer groups want â€" offering them something out of the ordinary that would add real value to their lives, with community at its heart.”Picture: Culture Wine BarSo that’s what he did. The Wine Library offers four distinct membership tiers: Novel, Trade Edition, Trade Collection and Grand Cru.‘Novel’ is aimed at the entrepreneur or working professional, offering this member a fully-serviced co-working s

David Harbour on 'Stranger Things' season finale: 'You'll be blown away' - Breaking news, special reports, world, business,

[File Image] 91st Academy Awards Vanity Fair Beverly Hills, California, US, February 24, 2019. Image: Reuters [File Image] 91st Academy Awards Vanity Fair Beverly Hills, California, US, February 24, 2019. For fans eagerly awaiting the season four finale of hit Netflix show "Stranger Things, cast member David Harbour has a clear message: "You’ll be blown away. The sci-fi drama, set in the 1980s, returned in late May with a first volume of episodes showing a new supernatural horror emerging from the Upside Down alternate dimension and besetting the fictional Indiana town of Hawkins. Fans have lavished praise on the new season, which four weeks after its release remains in the top spot on Netflix’s English TV List with 102.26 million hours viewed, according to the streaming platform. The last two episodes, with a finale running at more than two hours, are released on July 1. "If you’ve enjoyed season four up until this point, get ready because the (last two episodes) are the best thing that makes what you’ve seen look like chump change compared to it, Harbour, who plays fan favourite character Hopper, told Reuters. "It’s a masterpiece, it’s beautiful, it’s epic but it’s also on a scale and a scope that almost gets silly and it’s like wondrous, almost manga-esque You’re going to be blown away. Harbour, who said season five would start filming next year, is currently in London for new play "Mad House, a dark comedy part inspired by his own experiences with mental illness. read more Like his young co-stars, "Stranger Things has catapulted him into the global spotlight since premiering in 2016. "It’s a zeitgeist. I’ve never been a part of anything like this but it has been seven years of this, so I’ve gotten used to what it means and my place in it, he said. "It’s very gratifying to be a part of something that’s touched so many young people I always thought I’d maybe have some career of

Serena Williams Says She Needed Time To Heal After Rough 2021

Serena Williams needed to heal physically and mentally during a difficult year away from tennis due to injuries and had doubts about her comeback at one stage, the former world number one said on Saturday as she prepares to return to Wimbledon. Williams, 40, limped out of her first-round match last year at the grasscourt Grand Slam â€" where she has claimed seven of her 23 majors â€" following a leg injury. “I don’t know. I didn’t retire. I needed to heal physically, mentally. Yeah, I had no plans, to be honest. I just didn’t know when I would come back. I didn’t know how I would come back,” Williams told reporters. The American has slid down to 1,204 in the rankings and needed a wildcard from Wimbledon organisers the All England Lawn Tennis Club to compete in the main draw of the women’s singles. She warmed up for the major, which starts on Monday, by teaming up with Tunisian Ons Jabeur in doubles at this week’s Eastbourne event where the pair reached the quarter-finals before an injury to Jabeur ended their campaign. read more “Wimbledon is such a great place to be, and it just worked out,” Williams added. “I went into this saying I would play Eastbourne. I would never be ready for singles, I will play doubles and see how I felt. Definitely probably could have played singles there. “But the doubles was great … I felt more prepared than I thought I would a month or two months or three months ago. So it was surprising, but also it’s a fun time to be out there and to enjoy it. Just to be out on the court again was cool.” Williams, who has been drawn to face France’s Harmony Tan in the first round, said she felt like she was injured for the whole of 2021 after Wimbledon. “Last year was tough … I ripped my hamstring. I don’t think anyone ever wants to do that. The whole experience was rough,” the American added. “From there I tried to make New York. I ga

Business Leadership SA applauds Zondo commission and seeks ways to boost capacity of NPA

Mawazo Writing Africa Business Leadership SA applauds Zondo commission and seeks ways to boost capacity of NPA Mawazo Writing Jun 25, 2022 2 min read Business Leadership SA (BLSA) is considering how it can help strengthen the capacity of the National Law Enforcement Agency (NPA) as it begins prosecuting those involved in state capture, "without jeopardizing ethical considerations. The independent association, whose membership includes executives from some of South Africa&rsquo;s largest companies, has challenged the Zondo Commission for its years of work involving public hearings and investigations state arrests vow allegations. "Although all commission reports have been released, this is just the beginning of the storm, the forum said. &lt; p &gt;"Chief Justice Raymond Zondo has recommended criminal charges be filed against several individuals implicated in the theft of assets from the SA population. BLSA fully stands by its recommendation. The crimes these people are accused of are serious, and holding people accountable for their actions is crucial to the country&rsquo;s future well-being. "It is important that this process be transparent to demonstrate to the public that our law enforcement agencies are carrying out their duties without fear or favor. PODCAST | Now we know SA was captured, but will knowing that make a difference? It said corruption had a high cost to business and the economy. &lt; p&gt;"The BLSA is committed to supporting law enforcement processes and strengthening the NPA, and is exploring ways in which it can do so without compromising ethical considerations. The BLSA eagerly awaited indictments against high-level politicians and private sector leaders implicated in the rot. Zondo also recommended structures and processes to prevent corruption to be introduced in the future. "This is just as important as prosecuting the guilty. The BLSA also fully endorses the recommendation that executive appointments in state-owned companies should not be pl

State capture report failed to answer important questions, analyst - Breaking news, special reports, world, business, sport

State capture report failed to answer important questions, analyst 25 June 2022, 9:49 PM | Chief Justice Zondo handing over the final state capture report to President Ramaphosa Image: Twitter @PresidencyZA Chief Justice Zondo handing over the final state capture report to President Ramaphosa Legal analyst, Mpumelelo Zikalala, says that the state capture report has failed to live up to expectations. This follows the handing over of the final volumes, five and six, to President Cyril Ramaphosa, by Chief Justice Raymond Zondo on Wednesday, 22 June . The Judicial Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector including Organs of State, better known as the Zondo Commission, took four years to conclude its work of investigating the capture of parastatals, parliament, as well as a few high-profile private individuals including the President, among others. It is estimated to have cost the state over R 1 billion to run the commission. However, Zikalala says that there are certain aspects of the state capture which were not investigated. "The question that we wanted in South Africa, is did state capture exist? Who were the role players? But the most important one- which has not been answered by the report- is what then happened to the preventative measures, the recovery measures, and instruments that were applicable that ought to have done their job, as well as the law enforcement agencies - specifically the NPA. commented Zikalala. The legal analyst went on to say that the not having answers to these questions leaves the general public wondering whether we have an operational prosecuting authority or whether the law enforcement agencies that are captured, and moreover, if they are actually capable of doing their mandated duties. PRESIDENT @CYRILRAMAPHOSA TO CONSIDER THE ZONDO COMMISSION REPORT IN ITS TOTALITY The Presidency will therefore not respond at this stage to specific aspects of the Commission’s findings and recommendations. https:

Sanef lauds quality of journalism despite impact of COVID-19 on the sector - Breaking news, special reports, world, business

Sanef lauds quality of journalism despite impact of COVID-19 on the sector 26 June 2022, 12:49 AM | A Sanef banner at the Standard Bank Sikuvile Journalism Awards ceremony held in Johannesburg. Image: Twitter: @SAEditorsForum A Sanef banner at the Standard Bank Sikuvile Journalism Awards ceremony held in Johannesburg. The South African National Editors Forum (Sanef) says despite the devastating impact of COVID-19 on the media industry in the past two years, South Africa has been able to produce good and quality journalism. This emerged at the Standard Bank Sikuvile Journalism Awards ceremony held in Johannesburg last night. The event was held to celebrate excellence in journalism. Sbusiso Ngalwa, who has been re-elected Sanef chairperson for the second term, says COVID-19 has had a devastating impact on the media industry. He says the media industry has lost about 1 000 journalists and that about 100 publications have had to shut down because of the pandemic. Ngalwa says another challenge facing media practitioners is mental health issues and they have now partnered with the SA Depression and Anxiety Group to help struggling journalists.We take it for granted that we are built tough. You go to a story, you experience a traumatic experience, you laugh about it, you smoke, and you forget about it. But the reality is that we live through that. Today, we reflected that as newsrooms. We are not equipped to deal with trauma. Actually, we do not even understand. So, the education starts with us before we partner with other people. Before we try to help journalists, we need to understand what our colleagues are going through. He says despite these challenges, South Africa’s journalism is alive and thriving. And this was confirmed at last night’s Journalism awards ceremony where a number of media practitioners received recognition for their outstanding work in exposing the malfeasance and being a mirror of society. The winner of the Story of the Year and Investigative Journalism award

'It's all about control:' protesters in Texas decry Roe v. Wade overturning - Breaking news, special reports, world, busines

Reuters | @SABCNews Anti-abortion demonstrators celebrate outside the United States Supreme Court as the court rules in the Dobbs v Women’s Health Organization abortion case, overturning the landmark Roe v Wade abortion decision in Washington, US, June 24, 2022. Image: Reuters Anti-abortion demonstrators celebrate outside the United States Supreme Court as the court rules in the Dobbs v Women’s Health Organization abortion case, overturning the landmark Roe v Wade abortion decision in Washington, US, June 24, 2022. More than 200 people on Friday (June 25) gathered in front of the Bob Casey federal courthouse in Houston, Texas, to voice their fear and anger hours after the Supreme Court overturned the landmark 1973 Roe v. Wade ruling , eliminating the United States (US) constitutional right to an abortion. 18-year-old student Ollie Otou-Branckaert hopes Friday’s protest translates to meaningful action. "It feels like every time something major happens, every, we all go to like, we protests and protest, and it’s, it peaks at one point in the beginning and then it declines, Otou-Branckaert said. "I’m genuinely hoping that people don’t forget about it this time. Because this is just going to continue to get worse if we don’t do anything. Texas is one of 13 states that in the past months approved the so-called trigger laws that restrict abortions once the Supreme Court ruling on Roe v. Wade is struck down. Friday’s ruling also paves the way for about half of the 50 states to heavily restrict access to abortions. Katy Jewett, a 42-year-old retired woman with stage 4 metastatic breast cancer, told the crowd she made the decision to get an abortion after her doctor said her second pregnancy would bring back her cancer. "It’s all about control. It’s all about control. And beyond that, I want to say: there are no good abortions. There’s just abortion, Jewett said as the crowd cheered. Last year, Texas enacted what was then

Economic recovery: Markets react well after mask mandates were scrapped

Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) surged to 6.5% year on year in May 2022 from 5.9% the previous month, the highest level since February 2017. The major contributors to this come from rising costs in food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services. "The higher inflation data print will force the SARB to co

Protestors have the first say as G7 Summit opens in Germany - Breaking news, special reports, world, business, sport coverag

Protestors have the first say as G7 Summit opens in Germany The meeting of the 7 largest global economies starts tomorrow and dissenters have expressed their disgruntlement 25 June 2022, 8:10 PM | Reuters | @SABCNews Image: Twitter @bmel (Federal Ministry of Food and Agriculture of Germany) According to numbers by the police, about 4000 people, on Saturday, protested against the upcoming G7 Summit being hosted by German Chancellor Olaf Scholz whose country currently hold the presidency of the G7. The protests took place in Munich, about 100 kilometres away from Schloss Elmau, where the summit is due to start on Sunday, 26 June, and protestors are demanding more actions against climate change, with banners and signs against capitalism and imperialism being displayed as well. A small altercation between police and protestors broke out during the protest, but no injuries were reported. Other than that the protests remained peaceful. Leaders of seven of the world’s most advanced economies will meet for three days in southern Germany to discuss various issues, with the war in Ukraine and the resulting global food insecurity dominating the agenda. Germany has held presidency of the G7 since 1 January 2022 and has expressed that its agenda during the presidential term is "Progress towards an equitable world. The country which will guide the work of the G7 based on five areas of action namely: sustainability, economic stability and transformation, healthy lives, investments and strengthening alliances. However, protestors who have come from around the world say that the G7 is not dealing with issues that have a real and direct impact on people. "I wish that the real global problems, like peace or climate protection or nutrition or social justice, and that they would take that back home and actually try to change something. said a protestor by the name of Edgar Munz. Other protestors have a more sinister perception of the G7, and demand more radical action from the G7. In this regard, G7-pro

Economic recovery: Markets react well after mask mandates were scrapped

Health Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets. “The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. “As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. “Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. “We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country’s consumer price inflation rate (CPI) surged to 6.5% year on year in May 2022 from 5.9% the previous month, the highest level since February 2017. The major contributors to this come from rising costs in food and non-alcoholic beverages, housing and utilities, transport, and miscellaneous goods and services. “The high

Initiation season in Limpopo officially opened, after two years due to COVID-19 - Breaking news, special reports, world, bus

Initiation season in Limpopo officially opened, after two years due to COVID-19 25 June 2022, 11:51 AM | Youth walk in a field outside an initiation school in the Eastern Cape, July 10, 2006. Initiation school Image: Reuters Youth walk in a field outside an initiation school in the Eastern Cape, July 10, 2006. The initiation season in Limpopo has officially opened, after it was halted for two consecutive years because of the COVID-19 pandemic. The break has led to a large number of applications for this year’s schools. The traditional leaders have vowed to work closely with the Health Department to curb the spread of COVID-19 at the initiation schools. This African cultural practice marks the passage for young men to adulthood. Male initiation involves circumcision and also prepares the young men to be responsible members of society. Contralesa in Limpopo says 723 initiation schools have been approved for this year. A member of Contralesa, Kgoši Moleke Mathabatha, says traditional leaders should guard against those who are taking young men to these schools without their consent. "I am kindly requesting all traditional leaders who have opened initiation schools, to stop taking people to initiation schools by force. If someone doesn’t want to attend, leave them alone. People should go to the mountains voluntarily. Meanwhile, Limpopo Premier Stanley Mathabatha has appointed a Provincial Initiation Co-ordinating Committee involving health experts, the traditional Affairs Department, and traditional leaders to provide input and guide the initiation schools. The committee will help the schools with medical equipment and also send a team of doctors and nurses to intervene when help is needed and curb the spread of COVID-19. Limpopo Health MEC Dr Phophi Ramathuba says they need to support the environmental health and infection prevention. "We need to support the environmental health and infection prevention and control at those circumcision schools. And also what we usually do is

Zuma Foundation to report Chief Justice to Judicial Service Commission - Breaking news, special reports, world, business, sp

Zuma Foundation to report Chief Justice to Judicial Service Commission 25 June 2022, 5:06 PM | [File image] Former President Jacob Zuma. Image: Reuters [File image] Former President Jacob Zuma. Jacob Zuma Foundation Spokesperson, Mzwanele Manyi says the Foundation’s patron, former President Jacob Zuma will report Chief Justice and State Capture Commission Chairperson, Raymond Zondo to the Judicial Service Commission. Manyi was responding to the release of Parts Five and Six of the State Capture report on Wednesday. In the report, Zondo noted that former National Commissioner for Correctional Services, Arthur Fraser granted Zuma medical parole against the advice of the medical parole board last year. This follows Zuma’s prison sentence for contempt of court by the Constitutional Court after he refused to continue to appear before the Commission. Manyi says the matter is set to be heard at the Supreme Court of Appeal in August and should therefore not be pronounced on. "Following further reckless and irresponsible comments by chief justice Zondo, former President Jacob Zuma has briefed his legal team amongst other things to report chief justice Zondo to the judicial service commission within the next week or two. Specifically, the JSC will be asked to investigate the grossly unlawful comments by chief justice Zondo who took it upon himself to comment on matters pending before the courts. CJ Zondo is on record saying Mr Fraser who was the national commissioner for correctional services granted him, meaning Zuma, medical parole under questionable circumstances. Video: Fifth and Final State Capture Report Handover Share article

Cleansing ceremony currently underway for the AmaZulu royal family - Breaking news, special reports, world, business, sport

Cleansing ceremony currently underway for the AmaZulu royal family 25 June 2022, 5:32 PM | The Late AmaZulu King Goodwill Zwelithini Image: SABC News The Late AmaZulu King Goodwill Zwelithini A cleansing ceremony is currently underway for the AmaZulu royal family, following the passing of the late king Goodwill Zwelithini ka BhekuZulu. The ceremony is traditionally performed to mark the end of the mourning period . King Zwelithini passed away in hospital last year in March, following a Covid-19 related illness. Traditional Prime Minister to the Zulu Monarch and Nation, Prince Mangosuthu Buthelezi says, "there are no complex things that are done, there are certain rituals that are done in fact in every other Zulu family when there has been a death in the family. So, the fact that it is that of a king, makes a difference because people are free to come in and participate, because the king is much more than just the head of his family, he’s also the head of the nation. Video: AmaZulu Royal Family to conduct a cleansing ceremony over the weekend Share article

CAMEROUN :: ENLISEMENT : Déjà 1.000 jours sans jugement pour Charles Metouck au TCS :: CAMEROON

News Africa NowCAMEROUN :: ENLISEMENT : Déjà 1.000 jours sans jugement pour Charles Metouck au TCS :: CAMEROONJune 25, 2022WhatsAppA la faveur du scandale de la société Glencore, qui fait planer des accusations de corruption des fonctionnaires camerounais travaillant pour le compte de la SNH et de la Sonara, M. Charles Metouck, ancien Directeur général de cette dernière entreprise, s’est rappelé au bon souvenir des Camerounais à travers une «mise au point» publiée en fin de semaine dernière. L’ancien DG de Sonara, qui est incarcéré depuis 2013, en a profité pour dire qu’il n’a jamais été épinglé pour des faits de corruption ou de détournement des deniers publics. Des lecteurs de Kalara, piqués au vif par la déclaration de l’ancien DG, ont interrogé la Rédaction sur ce qu’elle connait au sujet de ses déboires judiciaires. Le journal a jugé utile de partager cet échange organisé autour de trois centres d’intérêts.Est-il exact, comme l’a affirmé M. Metouck dans sa mise au point, qu’il attend depuis 9 ans que la Cour d’appel du Sud-Ouest examine son recours ? Selon vous, qu’est-ce qui coince et qu’est-ce qui lui était précisément reproché ?Le 24 avril 2013, un peu plus d’un mois après le limogeage de M. Metouck de la direction générale de la Sonara, le Tribunal de grande instance (TGI) du Fako le condamnait à 9 ans et 8 mois de prison ferme et au paiement d’une amende de 2 millions de francs en compagnie de son ancien collaborateur, M. Edinguele Ediguele. Poursuivi notamment pour destruction d’une note de service caduque signée par lui-même, pour le fait de s’être encore retrouvé dans le bureau du DG puis dans la maison de fonction au lendemain de son éviction, puis pour le fait de détenir le badge de l’entreprise, le tribunal l’avait

Recent floods severely impacted set-top box installations: Minister Ntshavheni - Breaking news, special reports, world, busi

Recent floods severely impacted set-top box installations: Minister Ntshavheni 25 June 2022, 6:01 AM | Naledi Ngcobo | @SABCNews [File Image] Minister Khumbudzo Ntshavheni briefs media on the outcomes of the Cabinet meeting, 27 May 2021. Image: GCIS [File Image] Minister Khumbudzo Ntshavheni briefs media on the outcomes of the Cabinet meeting, 27 May 2021. Communications and Digital Technologies Minister, Khumbudzo Ntshavheni, says the recent floods have severely impacted set-top box installations in the KwaZulu-Natal and the Eastern Cape. She says her department is currently completing the mop-up for Western Cape and North-West to verify completion status, because the South African Post Office (Sapo) does not have additional addresses for set-top box installations. Ntshavheni says four provinces are yet to be migrated. "This is due to damages of beneficiary houses and road infrastructure that has led to inaccessibility of some communities. As a result, as of June 21, 2022, a total of 109,270 beneficiary households remains unconnected in the two provinces. We continue to coordinate with the Department of Human Settlements and other infrastructure departments to ensure installation to beneficiary households are resumed as and when the relevant infrastructure is restored, explains Ntshavheni. The minister says the department is awaiting the Constitutional Court’s decision after free-to-air broadcaster e-TV approached the court to challenge an earlier decision by the high court for the switch-off to take place on the 30th of June 2022. eTV had challenged the analogue switch-off deadline on the basis that it is unlawful and unconstitutional, as it will cut off millions of poor households that do not yet have access to set-top boxes. The department has already concluded the analogue switch-off and digital migration for the SABC in the Free-State, Northern Cape, North-West, Mpumalanga and Limpopo. Ntshavheni says the Independent Communications Authority of South Africa (Icasa) will be abl

ANC Gauteng conference to continue on Saturday and close on Sunday - Breaking news, special reports, world, business, sport

ANC Gauteng conference to continue on Saturday and close on Sunday 25 June 2022, 7:16 AM | [File image]: Supporters of the African National Congress hold the party flag during ANC event. ANC Image: Reuters [File image]: Supporters of the African National Congress hold the party flag during ANC event. The 14th African National Conference (ANC) Gauteng Provincial Conference continues at the Lakes Hotel in Benoni, east of Johannesburg on Saturday and is set to close on Sunday. On Friday, the conference had a few outstanding matters, including whether to allow Ekurhuleni Region to be a part of the conference. But the PEC decided that, delegates can attend, but noted that their votes will be quarantined. The conference wrapped up late on Friday night, due to the issue of the adoption of credentials. Delivering his last political report, Outgoing Provincial Chairperson, David Makhura has called on the more than 1000 delegates that, this conference must be a solution driven, in order for the ANC to regain the lost support in Gauteng. On Saturday the conference is set to focus on commissions which will discuss renewal of the ANC and the policy document, ahead of the party’s national policy conference. It’ll later look into the issue of electing the new leadership, where PEC members, Lebogang Maile and Panyaza Lesufi are going head to head for the position of the Provincial Chairperson. ANC president Cyril Ramaphosa will officially close the conference on Sunday. ANC Veteran and Political Commentator shares his thoughts on the ANC Gauteng conference: Makhura on the conference Outgoing ANC Gauteng Provincial Chairperson David Makhura has called on the more than 1 000 delegates who are attending the 14th provincial conference not to focus solely on the election of the new leadership. He says the Provincial Executive Conference (PEC) has also decided to focus on adopting reports from the Secretariat and the commissions. Makhura says this conference has to be solution driven in order to c

Nissan workers fear being displaced as plant introduces new technology

Nissan workers fear being displaced as plant introduces new technologyHlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Source The Citizen | Saturday, 25 June 2022, 08:13National Union of Metalworkers of South Africa (NUMSA) members picket outside the Embassy of Japan in Pretoria over the future of the Nissan plant in South Africa, 24 June 2022. Photo: Jacques NellesNATIONAL NEWS - Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers on Friday 24 June, to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant.Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street.Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive.“Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.”Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Nissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders.Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty.“We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said.Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape.Canning Fruit Producers

Why Russia and Ukraine are in competition for African markets

While Africa heavily relies on Ukraine and Russia for its food security, both countries need the African market to sustain themselves in a war that has raged on for the past four months. Hence, whoever manages to get their grain and fertilizer to Africa would be in a better position to withstand the pressure. Last week, Russia's President Vladimir Putin, in a telephone interview with South Africa's Cyril Ramaphosa, spoke about food security and how Russia could resume exports to the country. "Issues of food security, including supplies of Russian agricultural products and fertilizers to the African continent, in particular to South Africa, were discussed in detail," reads a statement released by the Russian presidency after the conversation. READ | 'Be happy this summer!': Ukrainians bathe at Sloviansk beach as rockets fly nearby Speaking at a media briefing on Thursday, which News24 attended, Dmytro Kuleba, Ukraine's minister of foreign affairs, pleaded with African countries not to buy grain offered by Russia because it was allegedly stolen. "Do not buy stolen Ukrainian grain, and respect the fact that we were always reliable suppliers for you. Help us to solve the existing problem and we will continue trading with you on good terms. "The Russians steal grain from the temporarily occupied territories in Luhansk, Donetsk, Kherson and Zaporizhzhia regions of Ukraine. Facts prove that up to 400 000 tons of grain crops have already been stolen as of May," he said. He made it clear that, without the African market, Ukraine was doomed. "We are as badly interested in selling our crops as you [Africa] are in buying them because what is food for you is revenue to our budget for us. "And, for Ukraine, this means a lot. This is a big amount of money. And, in times of war, when our economy is shrinking, when we lost a good amount of GDP because of the Russian bombardments and occupation, this money makes a difference for us," he said. READ | 3 ways Russia's invasion of Ukraine affects SA's economy U

Former learners with learning disabilities empowered and employed by MM Sebitloane Special school in Taung - Breaking news,

Former learners with learning disabilities empowered and employed by MM Sebitloane Special school in Taung 25 June 2022, 8:27 PM | MM Sebitloane and Resource School Image: Facebook Supplied MM Sebitloane and Resource School The future of the youth often depends on how successfully they transition from basic to higher education, but it is different for pupils with learning difficulties. This is according to former learners of the MM Sebitloane Special School based in Taung, North West, who are now working for the school. The school caters for students who have special educational needs due to severe and moderate learning difficulties, physical disabilities, autism, and Down Syndrome among others. Innocentia Msikinya who completed school in 2019 has moderate learning difficulties and was unable to cope in mainstream schools. However, she didn’t allow this to determine her future. She is currently not just excelling as an athlete but is also a qualified nail technician, a skill she learned at special school which is helping her to earn a good income. "I take time to process information and people who are not informed call us slow learners, which is wrong. In 2019 before I completed school, I went for a course in Pretoria for nails, so I am a professional nail technician. So even at home I have my own store, so I have an income and now I am a nail technician class assistant where I attended school, says Msikinya. "The mainstream learners labelled us as mad people, saying that we are disabled, so it was very challenging because we had to change our uniforms. I’m glad that our principal saw that because now we have got our own transport. That is painful but now what makes me strong again is that the same learners who told me that I am crazy came and asked me to do her nails and they were very happy when I was done. Other former learners have also managed to get employment. Bokamoso Khosi is designing uniforms for the school, while Thuto Monchonyane is teaching carpentry and upholst

Angolan ex-leader dos Santos in intensive care -Portuguese media - Breaking news, special reports, world, business, sport co

Angolan ex-leader dos Santos in intensive care -Portuguese media 25 June 2022, 5:35 AM | Former Angolan President Jose Eduardo dos Santos. Image: Reuters Former Angolan President Jose Eduardo dos Santos. Angola’s former president Jose Eduardo dos Santos, who ruled Africa’s second biggest oil producer for nearly four decades, is in intensive care at a clinic in Barcelona, Portuguese news agency Lusa reported, citing a source close to him. The Angolan government did not respond to a request for comment on Friday, but on its Facebook page said the former leader had suffered a deterioration in his health. Dos Santos, 79, has been receiving medical treatment since 2019. "Following the information about the deterioration of the health condition of the former president of the republic Jose Eduardo dos Santos, President Joao Lourenco today held a phone conversation with (his wife) Ana Paula in a gesture of solidarity, the presidency said on its Facebook page. Dos Santos was admitted to an intensive care unit, Lusa reported on Thursday, without saying when this occurred. One of Africa’s longest serving leaders, dos Santos stepped down five years ago. His rule was marked by a brutal civil war lasting nearly three decades against US-backed UNITA rebels - which he won in 2002 - and a subsequent oil-fuelled boom. Between 2002 and 2014, as oil production grew and prices boomed, Angola’s economy expanded tenfold, from $12.4 billion to $126 billion. But little of that wealth trickled down to the poor, while those closest to dos Santos became super-rich - including his daughter, Isabel, whom Forbes labelled Africa’s richest woman and youngest billionaire, worth about $3 billion. Dos Santos was replaced in 2017 by President Joao Lourenco, who despite being from the incumbent’s People’s Movement for the Liberation of Angola (MPLA), swiftly moved to probe allegations of multi-billion dollar corruption during the dos Santos era, targeting the former leaderâ€

Nissan workers fear being displaced as plant introduces new technology

Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant. Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street. Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive. “Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.” Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts. Nissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders. Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty. “We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said. Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape. Canning Fruit Producers Association chief executive Jacques Jordaan said the closure spelt disaster. “We are deeply concerned about the recent commencement of a consultation period after Tiger Brands gave notice of its intention to close down its canning factory in Ashton Western Cape,” Jordaan said. The decision would have a devastating impact on more than 4 500 workers in the sector and on the surrounding community. “Tiger Brands indicated

Business in Klipfontein and the CBD must get their garbage ready.

According to the spokesperson of Emalahleni Local Municipality, Mr Lebo Mofokeng, refuse will be collected in the following areas today, 25 June 2022: - Klipfontein businesses - CBD Share your news tips via: Telephone: 013 656 2490 WhatsApp: 060 866 8682 Email: [email protected] Or follow us on WITBANK NEWS platforms: Instagram, Twitter Witbank News App Facebook page Witbank News Breaking

LIVE: SAFA to elect new President - Breaking news, special reports, world, business, sport coverage of all South African cur

LIVE: SAFA to elect new President 25 June 2022, 11:52 AM | SAFA to elect new President Image: SABC SAFA to elect new President The much-anticipated South African Football Association’s elective congress takes place in Johannesburg today. The presidential elections will be closely watched with a very confident incumbent, Danny Jordaan, being opposed by two candidates. Live Stream

Rooney steps down as Derby County boss - Breaking news, special reports, world, business, sport coverage of all South Africa

Rooney steps down as Derby County boss 25 June 2022, 4:13 AM | Derby County manager Wayne Rooney. Image: Reuters Derby County manager Wayne Rooney. Former Manchester United forward Wayne Rooney has stepped down as manager of Derby County, the League One club said on Friday, ending a turbulent 17-month spell during which his side were marred by financial trouble and relegated to the third tier. Derby were handed two separate deductions worth 21 points for entering administration and breaching financial rules last season, which eventually led to their demotion from the Championship. read more "Wayne Rooney has today informed Derby County Football Club that he wishes to be relieved of his duties as first team manager with immediate effect, Derby said in a statement. American businessman Chris Kirchner’s proposed acquisition of the club fell through this month after he failed to meet the English Football League’s deadline to complete the purchase. read more "Today I met with the administrators to inform them of my decision that it was time for me to leave the club. In fairness to them, they tried tremendously hard to change my decision but my mind was made up, said Rooney. "My time at the club has been a rollercoaster of emotions, both highs and lows, but I have to say that I have enjoyed the challenge. The former England captain, who briefly played for Derby before becoming their manager in January 2021, added that he hoped the club would be "led by someone with fresh energy and not affected by the events that have happened over the last 18 months. Share article

Born in a refugee camp, these Eritrean twins are changing the face of the makeup business in L.A.

Face2Face Africa Our Voices Matter Face2Face Africa is black owned and operated. Help us remain independent and free with as little as $6. Contribute Fashion Finds Fashion Finds June 25, 2022 at 09:00 am Born in a refugee camp, these Eritrean twins are changing the face of the makeup business in L.A. Abu Mubarik Comment Eritrean twins making waves in the beauty industry. Photo: 241cosmetics.com Feven and Helena Yohannes are beauty entrepreneurs of Eritrean heritage based in Los Angeles in the United States. They founded 2·4·1 Cosmetics, a line of hypoallergenic lip and eye makeup, which made it into Oprah&rsquo;s Favorite Things list in 2020. "2.4.1 Cosmetics is a clean and classic collection of cruelty-free, paraben-free, hypoallergenic, non-comedogenic, and fragrance-free lipsticks and lip glosses, eyeshadows, and liquid and gel eyeliners, each with a name that has special meaning, according to Instyle. The sisters launched their business in 2019 after four years of incubation. The decision to venture into the beauty industry arose out of the challenges they encountered in getting cosmetic products that suit their skins. Related stories Abu Mubarik "We started looking at the beauty industry and how the people who are heavy-hitters and who are making the decisions about the kind of makeup we are wearing don&rsquo;t really understand our experiences. They are making decisions not valuing us and more valuing the dollar, Helena told Forbes Africa. But soon after Feven and Helena started 2·4·1 Cosmetics, COVID-19 struck. The pandemic slowed the momentum that came with the launch of their cosmetic products. They now found themselves competing with producers of toilet paper and hand sanitizers. What is more, the compulsory wearing of masks also meant that people had relegated the need for makeup to the background. However, the sisters have the Black Lives Matter movement to thank for the rebound of their business. The movement drew attention to the struggles of the black community w

Serena to face unseeded Tan in Wimbledon opener

Serena Williams has been drawn to face French debutant Harmony Tan in the first round of Wimbledon as the American star returns to singles action after a year away. Defending men’s champion Novak Djokovic begins his quest for a seventh title â€" and fourth in a row â€" against South Korea’s Kwon Soon-woo, ranked 75th in the world. The early focus at the All England Club will be on 23-time Grand Slam singles champion Williams, who has dropped to 1 204th in the world rankings and is unseeded for the tournament, which starts on Monday. The 40-year-old, who took part in the doubles in Eastbourne this week, has not played singles since she suffered an injury during her first-round match at Wimbledon 12 months ago. Williams’s preparations for the Grand Slam suffered a blow after her doubles partner Ons Jabeur withdrew from the Eastbourne tournament because of a knee injury on Thursday. The American won the last of her seven Wimbledon singles titles in 2016 but reached the final in 2018 and 2019 after returning from having a baby. Wimbledon is widely considered Williams’ best chance of claiming a 24th Grand Slam singles crown to equal Margaret Court’s all-time record. The last of her Grand Slam singles titles came at the Australian Open in 2017. Speaking after Wednesday’s doubles match, Williams had said: “I feel good â€" as good as one can feel after having such a long time off.” Women’s top seed Iga Swiatek, who has won her past six tournaments, including the French Open, was pitted against Croatian qualifier Jana Fett in Friday’s draw. Romanian 16th seed Simona Halep, who has not played at Wimbledon since winning the 2019 title, has a tough opener against Czech player Karolina Muchova. Britain’s Emma Raducanu will take on Belgium’s Alison Van Uytvanck, providing the U.S. Open champion has recovered sufficiently from a side strain. Djokovic (35) is bidding to win his 21st Grand Slam, which would take him

Commodity losses strip emerging markets of their lone attraction

Commodity losses strip emerging markets of their lone attraction Adam Kruger 0 Comments The most popular trade in emerging markets this year - betting on commodity-exporting nations - is losing its appeal. The currencies and bonds of Brazil to Mexico and South Africa were the best performers among developing-nation peers in the first five months of 2022 as commodity prices skyrocketed following Russia&rsquo;s invasion of Ukraine. They have turned laggards this month after growing fears of a global recession and China&rsquo;s Covid lockdowns sent a Bloomberg gauge of raw-material prices tumbling 10% from an eight-year high. The fizzling of the commodity-led rally comes at a crucial point for emerging-market investors as the Federal Reserve&rsquo;s tightening saps liquidity and worsens the outlook for riskier assets. They have nowhere to hide as the other half of the developing world - commodity importers mainly in Asia - are also witnessing a selloff amid stubborn inflation and delayed rate-hike plans. "We are closer to the end of the emerging-market commodity boom than the beginning or even the middle, said Todd Schubert, head of fixed-income research at Bank of Singapore. "The rising risk of a severe economic downtown will further sap demand for a broad swath of commodities. The Brazilian real, which rallied 18% in the year through May, has plunged about 10% in June. A similar reversal has happened in the Chilean and Colombian pesos and the South African rand. Their losses have sent the emerging-market currency benchmark toward the worst quarterly losses in more than two years. "I would be more defensive on commodity currencies right now, as it seems that slower global growth and the search for peak inflation globally continues to weigh on the commodity space, said Galvin Chia, EM FX strategist at Natwest Markets in Singapore. Citigroup Inc is urging investors to bet on further gains in the dollar against developing currencies, which "may see more broad-based weakness with com

Family and business don't mix well: Motsepe doesn't like working with relatives

Patrice Motsepe doesn't like working with the government, billionaire says family and business don't mix well Saturday, June 25, 2022 at 12:29 PM JOHANNESBURG - Patrice Motsepe has been trending on social media over the weekend with many people speculating on whether the billionaire would run for president of the country. PAY ATTENTION: Follow Briefly News on Twitter and never miss the hottest topics! Find us at @brieflyza ! Motsepe revealed that currently he hates doing business with the government , chiefly because he believes that family and business do not mix well. Patrice Motsepe does not like working with relatives and dealing with the government is worse. Photo credit: GCIS/Flickr, Benedikt von Loebell/Flickr Source: UGC His brother-in-law, Cyril Ramaphosa is the President of South Africa which makes business tricky. Motsepe said that he always hated working with the government but its even worse now and he called it an absolute "headache". State Capture At the SA National Editors Forum annual general meeting, Motsepe praised the State Capture Inquiry. The inquiry found that former president Jacob Zuma has permitted and allowed state capture and corruption to take place in South Africa. State Capture Report: Raymond Zondo recommends Hawks resume investigations into Arthur Fraser PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! Motsepe was questioned about his funding of the ANC during Zuma's presidency and he replied that his companies had donated to a range of political parties and not solely to the ANC. SA reacts as Ramaphosa and Motsepe face criminal probe over sale of Ankole cows Earlier, Briefly News reported that another criminal complaint has been laid against President Cyril Ramaphosa; this time it involves his billionaire brother-in-law , Patrice Motsepe. Srinivasan Naidoo, the leader of Really Democracy, filed a criminal complaint against Ramaphosa and Motsepe in KwaZulu-Natal on Saturday, 18 June, alleging that there wer

Train service in Gqeberha, East London resume following breakdowns - Breaking news, special reports, world, business, sport

Train service in Gqeberha, East London resume following breakdowns 25 June 2022, 12:31 PM | A train is seen on a track in Cape Town. Image: Western Cape Government A train is seen on a track in Cape Town. Train services in Gqeberha and East London in the Eastern Cape have resumed. The Passenger Rail Agency of South Africa (Prasa) halted this service in January because of network breakdowns due to cable theft and vandalism. Prasa says it will now use diesel locomotives. The resumption of this service comes as a relief to commuters who are suffering the impact of the high fuel price. The train remains the cheapest mode of transport; the commuters say they will now save money: "We are happy. I am happy because I was using Uber from Redhouse to town every day there is no transport sometimes we hitchhike. I am happy we will save. "The moment we were using taxi we were using a lot of money, it was costing us. We were suffering when we were waiting for trains. Now for my side, I’m happy because we’re going to save now, we are using cheap transport as you can see. "We are so proud as commuters for Prasa for bringing transport back and in terms of the bus fare I would say it’s very affordable m so glad the trains are back I so wish they will keep with us in the journey. Prasa says vandalism and cable theft cost them millions. "The region has lost approximately 8 million in revenue collection. Prasa security together with Transnet and railways SAPS are working together to curb cable theft and vandalism of rail infrastructure, in addition, Prasa security has a mobile team doing patrols day and night also backed by railway SAPS. We will gradually return to full operation and will consider service demand and availability of locomotives, says Mimi Katsio, provincial spokesperson. Share article

Motsepe hates doing business with govt, especially when 'you’ve got relatives' there

Billionaire mining magnate Patrice Motsepe cut a cautious figure on Saturday, avoiding definitive comments about funding the ANC during the height of state capture and his relationship with brother-in-law President Cyril Ramaphosa. "I don&rsquo;t like doing business with government. I have never liked it and its even worse now, now that you&rsquo;ve got relatives in government. It is an absolute headache," he said at the SA National Editors Forum annual general meeting. Motsepe&rsquo;s African Rainbow Energy and Power (AREP) is a member of the Ikamva equity consortium, which won preferred bidder status for 12 of the 25 projects awarded in bid window 5 of the government&rsquo;s renewable power plan in November last year. During his address on Saturday Motsepe praised the State Capture Inquiry, which this week found that former president Jacob Zuma "permitted, supported and enabled corruption and state capture, and questioned whether this could have been arrested had Ramaphosa "acted with more urgency". READ | Jacob Zuma damned SA to state capture, but Ramaphosa could have weakened its grip - Zondo "The Zondo Commission is critically important. U cannot be party to the commission of crime or corruption and get away with it," Motsepe said. He was subsequently asked questions about his funding of the ANC when Zuma was in charge, and why he didn&rsquo;t speak out against the corruption. Motsepe said business people had an obligation to express their opinions but needed to ensure that "at all times we behave and say the sort of things in the public domain that are in line with the problems and difficulties that ordinary South Africans experience." "Ordinary South Africans are watching us. What people think of us, right or wrong is critically important." He said his companies donated to a range of political parties and not just the ANC. Motsepe was also asked what advice he could give to Ramaphosa about his silence with regards to the revelations by former spy boss Arthur Fras

Lamola suspends Public Enterprises director-general Kgathatso Tlhakudi - Breaking news, special reports, world, business, sp

Lamola suspends Public Enterprises director-general Kgathatso Tlhakudi 25 June 2022, 3:26 AM | [File Image] Justice and Correctional Services Minister Ronald Lamola. Image: GCIS [File Image] Justice and Correctional Services Minister Ronald Lamola. Minister of Justice and Correctional Services, Ronald Lamola has placed the director-general of Public Enterprises Kgathatso Tlhakudi on precautionary suspension with immediate effect until the disciplinary process is completed. This follows a complaint laid against Tlhakudi with the Public Service Commission (PSC). According to the media statement, the matter was investigated by an external investigator and the report was referred to Presidency for consideration. President Cyril Ramaphosa then delegated Lamola for further processing in accordance with Senior Management Service Handbook. Share article

Serena Williams says she needed time to heal after rough 2021

Serena Williams says she needed time to heal after rough 2021Serena Williams practises at Wimbledon tennis courts ahead of the tournament. Photo: Neil Hall/EPAPublished 1h agoReuters Wire ServiceShareLondon - Serena Williams needed to heal physically and mentally during a difficult year away from tennis due to injuries and had doubts about her comeback at one stage, the former world number one said on Saturday as she prepares to return to Wimbledon.Williams, 40, limped out of her first-round match last year at the grasscourt Grand Slam - where she has claimed seven of her 23 majors - following a leg injury.Story continues below Advertisement"I don't know. I didn't retire. I needed to heal physically, mentally. Yeah, I had no plans, to be honest. I just didn't know when I would come back. I didn't know how I would come back," Williams told reporters.The American has slid down to 1,204 in the rankings and needed a wild-card from Wimbledon organisers the All England Lawn Tennis Club to compete in the main draw of the women's singles.She warmed up for the major, which starts on Monday, by teaming up with Tunisian Ons Jabeur in doubles at this week's Eastbourne event where the pair reached the quarter-finals before an injury to Jabeur ended their campaign.More on thisSerena returns to tennis in Eastbourne doubles after year out"Wimbledon is such a great place to be, and it just worked out," Williams added."I went into this saying I would play Eastbourne. I would never be ready for singles, I will play doubles and see how I felt. Definitely probably could have played singles there."But the doubles was great ... I felt more prepared than I thought I would a month or two months or three months ago. So it was surprising, but also it's a fun time to be out there and to enjoy it. Just to be out on the court again was cool."Story continues below AdvertisementWilliams, who has been drawn to face France's Harmony Tan in the first round , said she felt like she was injured for the whole of 2021 after Wim

Danny Jordaan re-elected as SAFA President - Breaking news, special reports, world, business, sport coverage of all South Af

Danny Jordaan re-elected as SAFA President 25 June 2022, 1:00 PM | SABC | @SABCNews Incumbent Danny Jordaan has been re-elected at the South African Football President and will serve a third term. Incumbent Danny Jordaan has been re-elected at the South African Football President and will serve a third term. Jordaan garnered 186 votes to the 27 of SAFA vice-president for the past few years, Ria Ledwaba. The third candidate, SAFA Tshwane president, Solly Mohlabeng, only received eight votes. The SAFA Electoral Congress took place at the Sandton Convention Centre on Saturday. Ria Ledwaba loses court bid on SAFA elective congress The South African Football Association (SAFA) presidential candidate, Ria Ledwaba, has lost her court bid to prevent the SAFA elective congress from going ahead. She has gone to the High Court in Pretoria with an application to interdict the elective congress, alleging various procedural irregularities. Ledwaba, who was confirmed as one of three presidential candidates, did not meet the requirements of serving in the National Executive Committee, as per the SAFA statutes, because her host region did not nominate her. Last month, a coalition of civil society leaders was enraged by SAFA’s decision to warn Ledwaba against speaking at an event that was held at the Nelson Mandela Foundation in Houghton:

Brits residents in North West blame Madibeng Local Municipality for water shortages - Breaking news, special reports, world,

Brits residents in North West blame Madibeng Local Municipality for water shortages 25 June 2022, 10:10 AM | [File image] : Water being poured into a container. Image: Reuters [File image] : Water being poured into a container. Residents of Brits and surrounding areas in the North West are accusing the Madibeng Local Municipality of being responsible for the serious water shortages they are experiencing. A project to upgrade the water treatment plant and bulk water infrastructure began seven years ago, but has not been completed. According to the implementing agent, Magalies Water, the project has experienced challenges that include lack of funding and community unrest. "This project we are accelerating it, the contractual completion is for March 2022. However due to the mandate that we were given, a directive from the minister we are pushing to complete it by December this year. So we going to get additional funding to complete, says Jimmy Leburu, Magalies Water Project Manager. Meanwhile, residents in the area say they struggle to get water as the Madibeng Local Municipality only sporadically supplies water tankers. "The municipality is not giving us water, sometimes they bring the trucks. We do not know where the water is coming from and it takes a while before they bring water, says a resident. "In our community we never get promise with water we make plans for water, says another resident. South Africa estimated to reach a 17% water deficit by 2030 Share article

Nissan workers fear being displaced as plant introduces new technology

Nissan workers fear being displaced as plant introduces new technologyHlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Source The Citizen | Saturday, 25 June 2022, 08:13National Union of Metalworkers of South Africa (NUMSA) members picket outside the Embassy of Japan in Pretoria over the future of the Nissan plant in South Africa, 24 June 2022. Photo: Jacques NellesNATIONAL NEWS - Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers on Friday 24 June, to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant.Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street.Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive.“Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.”Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Nissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders.Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty.“We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said.Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape.Canning Fruit Producers

Economic recovery: Markets react well after mask mandates were scrapped

Economic recovery: Markets react well after mask mandates were scrapped25 June 20222:31 pm<span style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" data-mce-type="bookmark" class="mce_SELRES_start">?</span>Health Minister Joe Phaahla’s announcement on the scrapping of masks on Wednesday was warmly received by the markets.“The announcement bodes well for economic activity which recovered better than expected in Q1 2022,” said financial planning company Alexander Forbes in its weekly forecast newsletter.On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors.“As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required,” said the company.The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and testpositivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA.“Meaning there is greater need to mitigate the risk of the virus rather than contain it,” said Forbes.However, the company warned that the KwaZulu-Natal floods and Eskom’s continued inability to secure electricity generation will weigh on economic growth in the coming quarters.Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants.“We expect load shedding to continue well into 2023 given the first phase of renewable energy projects,” said Alexander ForbesThe Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023.Meanwhile, the country’s consumer price inflation rate (CPI) surged to 6.5% year on year in May 2022 from 5.9% the p

Fresh produce markets ‘at tipping point’

Fresh produce markets &lsquo;at tipping point&rsquo; View All Result Fresh produce markets &lsquo;at tipping point&rsquo; Potatoes SA hosted a roundtable discussion this week on the state of the country's fresh produce markets which need urgent attention before they deteriorate "beyond the point of no return" Reading Time: 6 mins read A A A Reset Share on Facebook Share on Twitter Fresh produce markets are critical to food supply chains and the economy and should be recognised as national key points. This, according to leaders in the food industry who say that poor maintenance and security should get urgent attention before the markets deteriorate "past the point of no return. These were some of the outcomes of the Industry Roundtable hosted by Potatoes South Africa on Tuesday (21 June), in which several leaders from the agriculture and food industry met to discuss the most pressing issues currently plaguing national fresh produce markets (NFPMs). There are currently 23 NFPMs around the country, the majority of which are municipally owned and managed. Responsible for up to 80% of all fresh produce sales in the country, these markets not only serve vital price-forming and setting roles, but are also key to ensuring the supply of food to vulnerable communities through informal traders, creating inclusive sales mechanisms for small-scale farmers to access markets, and generating important revenue for municipalities. ADVERTISEMENT Demonstrating their economic significance, the latest statistics from the department of agriculture, land reform and rural development show that fresh produce markets sold some 3.4 million tonnes of fresh fruit and vegetables with a turnover of R17 billion in 2019. Willie Jacobs, chief executive of Potatoes South Africa. Photo: Supplied/Food For Mzansi But although municipalities charge fees of 5% on all turnover for the operation of the markets, little has been reinvested back into market maintenance over the past few years. In particular, farmers, a

Potjiekos competition near White River delivers a winner

Potjiekos competition near White River delivers a winnerThe Potjiekos Competition was hosted by Rooikat Liquors and Rooibaard near White River with eight teams competing.5 mins agoThe Rooikat and Rooibaard Potjiekos Competition took place at Fiesta Farm, El Roi Guest Lodge, on Saturday June 18.A variety of delectable foods was produced for those who attended.ALSO READ:  Mbombela kry nuwe traumasentrumThe day started at about 13:00, and eight teams had to compete for the title of the best potjiekos.Each team had to cook a potjie for 10 people, and while the competition was stiff, it was all in good spirit.The organiser of the event, Willemien Strydom, said there were three categories in the competition: oxtail, beef and lamb. Each team drew a number out of a hat and were assigned the different potjiekos categories on the day of the competition.The overall winner of the competition was Gavin Bishop of Platsak Boerdery.There was a tie for second place between Jacques Louw of Team Blompot and Piet Prinsloo of Numbi Ford. Third place was Christiaan Labuschagne of Buffelsfontein.The event also hosted free tastings from Distell as well as from Heineken’s Strongbow range.Strydom said after dinner, everyone enjoyed the rugby game on the big screen TV at the venue and the night finished off with great music and lots of dancing.“Thank you to everyone who competed or just attended and supported the event,” said Strydom.Gerhard van der Westhuizen.Wena Coetzee, Lappies Labuschagne, Donna-Lee Prinsloo and Jean Coetzee.Cherize Seaman, Pieter Smit, Grant Vos, Bevely du Toit, and Belinda and Thardt van der Walt.Gavin Bishop of Platsak Boerdery.Gavin Bishop was the winner of the potjiekos competition.Jean Coetzee.

Standard Bank Group to host influential African investors, policymakers, and corporates in London to drive Africa’s l

Standard Bank Group is bringing together institutional investors, policymakers and top African corporates to discuss Africa’s growth and investment opportunities at its flagship international event, the Africa Investors’ Conference. The event, in collaboration with ICBC Standard Bank, will take place at the Standard Bank offices in London from June 28 to 30.The agenda-setting conference, now in its 12th year, provides an effective strategic platform for targeted business engagements by connecting institutional investors, senior management from Africa’s top listed companies and African policymakers.This year, the conference is returning to an in-person format having taken place virtually for the last two years due to the Covid-19 pandemic. More than 10 policymakers are expected to be present at the conference, as well as 62 corporates and over 150 investors, with the majority travelling to London. During the course of the three days, more than 2,000 meetings are expected to be facilitated.Across the three days, Standard Bank is welcoming some of Africa’s leading policymakers to share unique insights during the conference’s headline plenary sessions. These sessions will provide nuanced insight from those driving Africa’s strategies to attract foreign investment, concentrating on relevant monetary and fiscal policy initiatives.Notable speakers include South Africa’s Minister of Finance, Enoch Godongwana, Zainab Shamsuna Ahmed, Minister of Finance for Nigeria, Ernest Addison, Governor of the Central Bank of Ghana, and Mozambique’s Vice Minister of Economy and Finance, Dr. Amílcar Paia Tivane. Attendees will also hear addresses from representatives of Eskom, the South African electricity public utility company, and Transnet, the South African rail, port and pipeline company.This year’s conference will highlight the wealth of opportunities and innovation within Africa’s thriving fintech sect

Economic recovery: Markets react well after mask mandates were scrapped

Economic recovery: Markets react well after mask mandates were scrapped 25 June 2022 2:31 pm &lt;span style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" data-mce-type="bookmark" class="mce_SELRES_start"&gt;?&lt;/span&gt; Health Minister Joe Phaahla&rsquo;s announcement on the scrapping of masks on Wednesday was warmly received by the markets. "The announcement bodes well for economic activity which recovered better than expected in Q1 2022, said financial planning company Alexander Forbes in its weekly forecast newsletter. On Wednesday 22 June 2022, three regulations were repealed which include surveillance conditions, the normal operation of tourism and the entertainment sectors. "As such, people are no longer required to wear masks in public indoor spaces, there are no limits on the size of gatherings and proof of vaccination or negative PCR test results are no longer required, said the company. The decision comes after all major Covid-19 indicators, such as daily cases, hospital admissions and test positivity rates have lowered significantly since the peak of the fifth wave of infections, rendering the disease endemic in SA. "Meaning there is greater need to mitigate the risk of the virus rather than contain it, said Forbes. However, the company warned that the KwaZulu-Natal floods and Eskom&rsquo;s continued inability to secure electricity generation will weigh on economic growth in the coming quarters. Eskom has moved the country to stage four load shedding this weekend, siting worker disruptions at its aging, manually operating power plants. "We expect load shedding to continue well into 2023 given the first phase of renewable energy projects, said Alexander Forbes The Department of Minerals and Energy expects the recently licensed distributed generation projects to be completed at the end of 2023. Meanwhile, the country&rsquo;s consumer price inflation rate (CPI) surged to 6.5% year on year in May 2022 from 5.9% the previous mont

Nissan workers fear being displaced as plant introduces new technology

Nissan workers fear being displaced as plant introduces new technologyHlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Source The Citizen | Saturday, 25 June 2022, 08:13National Union of Metalworkers of South Africa (NUMSA) members picket outside the Embassy of Japan in Pretoria over the future of the Nissan plant in South Africa, 24 June 2022. Photo: Jacques NellesNATIONAL NEWS - Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers on Friday 24 June, to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant.Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street.Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive.“Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.”Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Nissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders.Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty.“We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said.Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape.Canning Fruit Producers

Prince Kaybee "Gemini" Album Review

Ikedichim Chibundu Send an email 25 June 2022Album Cover Artwork“Gemini” is a 15-track project playing host to a fine collection of artists. Included among the featured artists are Zaba, Ami Faku, Nkosazana Daughter, Masuda, Unathi, MK Soulz, Bassie, PapeKeys, Umzulu Phaqa, KamzaHeavyPoint, Hush SA, Frigid Armadillo, Idd Aziz, Ben September, Mandlin Beams, Ngasi, Polaris, and Dr. Thulz.The album opens with “Sibemunye,” in which he features Zaba, who sings ever-so-smoothly over some chill but bouncy house instrumentals. The track comes with a certain crescendo, but reaches up there only a few times, leaving the vibe coolly hanging steady.Zanda Zakuza “Khaya Lam” Album ReviewTaking up from where track 1 ended things comes in the next track, “Zimbali,” featuring the one and only Ami Faku, a seasoned songstress who did bring her A-game to the song that starts with the just the playing of the bubbling House beat, clearing the path and setting the mood.“Sbindi Uyabulala”, the third song comes in third place, with Nkosazana Daughter & Masud picking up the energy with the sharpness in the vocal delivery that also seemed to match the somewhat fast-paced beat. The melodious harmony brought into the mix by Nkosazana made everything better.Slipping back into that chill zone, Unathi comes with the sole aim of serenading and in the most soothing manner. So committed to the cause she brings a whole choir to back her up as she sings sweetly over the track that is “Thixo Wethu”.MK Soulz brings his unique singing abilities to “Uzozisola Wena”, the fifth song. He goes to repeat a chant for the most part of the cool but upbeat song.Prince Kaybee decides to switch things up on the sixth song, employing the services of a cello. “Milani” is really that song to dance to alone at the end of a great day that went your way. It’s that jam you unwind to with a tall glass of red wine sitting in the corner.“Iyeza

New Technologies Helping Re-think how Government Serves Citizens - Press Release

MyPR | Free Business Showcase | Paid for Adverts. New Technologies Helping Re-think how Government Serves Citizens: Johannesburg, June 23: There is no doubt that technology is driving a wave of economic and social change. The statistics are literally astronomical: There are more bytes of data than stars in the observable universe, and government can apply AI to this data to save up to 1.2 billion hours of work. These technological advances are changing how governments can deliver their services, from ensuring food safety to carrying out gambling inspection, issuing key documents and more. Virtual inspections and licensure hearings are speeding up approvals and increasing the reach of individual inspectors. Similarly, AI and big data analytics have been applied to problems ranging from building code violations to financial fraud investigations, resulting in both lives and budgets saved. However, this story is more than just about new technology in governmentâ€"it is new technology enabling new ideas about how government can meet the ever-increasing demands of its people. Take getting a birth certificate, for example. This would typically involve filling in a form and perhaps a trip to a government department. However, many governments have begun to proactively issue birth certificates. Rather than waiting on busy new parents to fill out forms, government systems know from health data when a couple has a new child and will need a birth certificate; the parent simply needs to click to confirm. No forms, no waiting in line. There is a rider though. To truly take advantage of these new technologies, government will have to fundamentally change how it delivers services to citizens. AI is today’s version of the rocket: An exciting new technology, but one that can’t simply be grafted onto existing business models. Take AI-enabled chatbots, for example. These can be an incredibly valuable tool to help people navigate complex processes or quickly find relevant information. But simpl

Two suspects to appear in Molopo Magistrates' Court for gruesome murder of couple - Breaking news, special reports, world, b

A gavel and a block is pictured on the judge's bench in this illustration picture. Image: Reuters A gavel and a block is pictured on the judge's bench in this illustration picture. Two suspects aged 25 and 26 are expected to appear in the Molopo Magistrates’ Court in Mmabatho on Monday for the gruesome murder of the 48-year-old Macdonald Steven and his 42-year-old girlfriend Baitibadi Maduna. Their lifeless bodies were found in the bushes in Dithakong East village a week ago. It was established during investigation that the girlfriend’s body was found with some body parts missing. The suspects are charged with two counts of kidnapping, two counts of murder and carjacking. "The provincial commissioner of North West, Lieutenant-General Sello Kwena commended a team comprising of crime intelligence, Lomanyaneng, Sannieshof and Ngaka Modiri Molema District detectives as well as Randfontein flying squad members for working tirelessly to ensure the arrest and detention of two suspects. The suspects: two males aged 25 and 26 were on Thursday, 23 June 2022, arrested in Randfontein and Setlopo village, Mahikeng. In addition, the boyfriend’s stolen Toyota Quantum minibus was found with parts stripped off in Lenasia, Gauteng, says Brigadier Sabata Mokgwabone, North West Police Spokesperson.

‘Our town will be a dead town’

‘Our town will be a dead town’Reading Time: 10 mins readA AAResetShare on Facebook Share on TwitterTo the people of Ashton, the impending closure of Tiger Brands’ Western Cape fruit canning plant is a frightening reality. They instinctively know that agriculture is keeping their town alive, and everyone from the shopkeepers to the teachers share a deep worry for the future. Food For Mzansi journalist Elana van der Watt reports.It’s a small town with only about 3 500 households and a total population of 13 000. Every year, more than 300 farmers send 100 000 tonnes of fruit into town where it gets processed, canned or pureed, and then shipped out again to 40 countries across the globe.Yet today, not a single resident seems to be unworried about the future. The 70-year-old Langeberg & Ashton Foods is about to close down and residents worry not only for the 250 permanent and 4 300 seasonal workers who stand to lose their jobs, but also for the surrounding farmers who would instantly lose their market and the local economy that could grind to a near halt.Teachers might lose their jobs too“Catastrophic is a harsh word but there’s really no other word for it,” says Ashton Primary School principal Jakkie Burger.ADVERTISEMENTOnly five of his 15 staff members get their salaries from the state. The rest are SGB positions, approved by the school governing body only if it can raise enough money to pay their salaries. And much of the school’s income come from farmer parents, along with thousands of rand in maintenance services that farmer parents often do for a fraction of the real cost.If these parents lose their source of income, Burger will be faced with the possibility of having to let some staff go. “Everyone plays their part. Who is let go and who gets to stay?”At the Vulendlela Edu-Care Centre, teachers Nontobeko Sixhaso and Yoliwe Spofane fear for their own jobs. The crèche has not received funding from the department of social

Court interdict and bogus delegates delay ANC Gauteng conference - Breaking news, special reports, world, business, sport co

Court interdict and bogus delegates delay ANC Gauteng conference The ANC Gauteng elective conference opened yesterday, but has hit a few potholes already 25 June 2022, 6:10 PM | Delegates sitting at the ANC Gauteng elective conference Image: Twitter, @ANCJHB Delegates sitting at the ANC Gauteng elective conference The ANC has confirmed that it has received an urgent court application to interdict the party from proceeding with the 14th Gauteng Provincial Elective Conference which is currently under way at The Lakes Hotel &amp; Conference Centre in Benoni on the east of Johannesburg. The South Gauteng High Court is being heard the matter this evening. The application was filed by Jabulani Sithole. Sithole is a member of the Mzwakhe Ngomane ANC branch which is one the branches that had its votes quarantines during the Ekurhuleni Regional Conference last month. ANC NEC Member, Mduduzi Manana, who is also a deployee at the Gauteng Conference, says that party’s legal representatives are currently looking into the matter and are working on a response from the ANC. He declares that the conference will be proceeding nonetheless. "It was opened yesterday by both the national and the Provincial Chairpersons, Comrade Makhura, we are now about to present credentials to plenary, added Manana. WATCH: Provincial Secretary Cde Jacob Khawe gives update on the Ekurhuleni delegates and the PEC decision to defend the application to interdict conference. The court hearing is set to take place at 18:30 this evening at the Gauteng High Court. #ANCGPConference pic.twitter.com/P4kWzN7dc1

Serena Williams says she needed time to heal after rough 2021

London - Serena Williams needed to heal physically and mentally during a difficult year away from tennis due to injuries and had doubts about her comeback at one stage, the former world number one said on Saturday as she prepares to return to Wimbledon. Williams, 40, limped out of her first-round match last year at the grasscourt Grand Slam - where she has claimed seven of her 23 majors - following a leg injury. "I don't know. I didn't retire. I needed to heal physically, mentally. Yeah, I had no plans, to be honest. I just didn't know when I would come back. I didn't know how I would come back," Williams told reporters. The American has slid down to 1,204 in the rankings and needed a wild-card from Wimbledon organisers the All England Lawn Tennis Club to compete in the main draw of the women's singles. She warmed up for the major, which starts on Monday, by teaming up with Tunisian Ons Jabeur in doubles at this week's Eastbourne event where the pair reached the quarter-finals before an injury to Jabeur ended their campaign. "Wimbledon is such a great place to be, and it just worked out," Williams added. "I went into this saying I would play Eastbourne. I would never be ready for singles, I will play doubles and see how I felt. Definitely probably could have played singles there. "But the doubles was great ... I felt more prepared than I thought I would a month or two months or three months ago. So it was surprising, but also it's a fun time to be out there and to enjoy it. Just to be out on the court again was cool." Williams, who has been drawn to face France's Harmony Tan in the first round, said she felt like she was injured for the whole of 2021 after Wimbledon. "Last year was tough ... I ripped my hamstring. I don't think anyone ever wants to do that. The whole experience was rough," the American added. "From there I tried to make New York. I gave everything I could, just every day getting ready or trying to make it. But then it's like, I'm not going to make it. Hung up my rackets fo

Durban hospice closes in-patient facilities due to low funds - Breaking news, special reports, world, business, sport covera

Durban hospice closes in-patient facilities due to low funds Despite the dropping of covid restrictions, the impact of the pandemic continues to be felt by NGOs 25 June 2022, 5:12 PM | Durban residents are calling for efforts to be made to keep reopen Highway Hospice's in-patient unit Image: Pixabay Durban residents are calling for efforts to be made to keep reopen Highway Hospice's in-patient unit Families in Durban say the Highway Hospice in Sherwood has been an incredible support system for them while they took care of their loved ones with terminal illnesses. The hospice is among several NGOs taking financial strain since funding dwindled during the Covid-19 pandemic. Highway Hospice presented their AGM by way of video and announced the decision to close their in-patient unit, opting to shift their resources and focus on the homecare department. They also had been pushed to cut their staff compliment down from 102 to just 42 staff members. Until two years ago, the Highway Hospice in Sherwood was among the few palliative care centres in the Greater Durban region that offered an in-patient facility. The organisation found that closing the in-patient unit would be a better use of donor funds, as the in-patient unit cost R500 000 to operate. They are still able to send nursing staff to more than 600 people for home-based care in the greater Durban area. This is now their main area of care. But this too, needs funding to cover the costs of petrol, medicines and the nurse or doctor. There are countless people and families, who have stepped forward to speak about how the Hospice has helped them when they most need it, and are appealing for the in-patient facility to be re-opened, because of the reprieve it offered patients as well as their families and caregivers. Durban resident, Shirley Smith who is 85-years old was forced to become the primary caregiver to her 60-year-old son when he was diagnosed with stage 4 prostate cancer. This was her first experience of caring for someone with a term

Western Cape Health announces integration of clinics and healthcare services - Breaking news, special reports, world, busine

Western Cape Health announces integration of clinics and healthcare services 25 June 2022, 9:53 PM | Lynne Arendse | @SABCNews Image: Unsplash The Western Cape Department of Health says it will be taking over seven clinics that are currently administered by the City of Cape Town from Friday, 1 July 2022. City services which will be integrated include child health immunisations, women’s health, cervical smears, family planning, basic antenatal care (BANC), treatment of sexually transmitted infections (STIs), TB and HIV screening and testing, as well as patient management. Several facilities offered adult curative services including pharmacy services. Department spokesperson, Shimoney Regter, says by integrating services at the clinics, they will be able to provide a more holistic and integrated healthcare package in line with the Provincial Department’s Healthcare 2030 plan which aims to streamline the patient journey, create a person-centred approach, and improve the quality of healthcare. The City clinics which will now fall under the care of the province include Bellville South, Goodwood, Parow, Ravensmead, Durbanville, Scottsdene and Fisantekraal. In a statement to the media the Western Cape Government Health assured affected communities affected by that healthcare services will continue to be available in the same buildings but under management of the province’s health department. "City patient folders will be handed over to the Provincial Government healthcare facilities and support will be provided by City Health staff for the smooth handover of TB and HIV clients and their healthcare management, including clients receiving care for child and women’s health services. Wrote the Department. Dawn Marcus, deputy-chairperson for the Elsies River health committee cluster has welcomed the decision and says that this integration will result in residents having access to more services at their facility. The integrated healthcare services will operate from Monday to

Two dead, 14 wounded in Norway nightclub shooting - Breaking news, special reports, world, business, sport coverage of all S

Two dead, 14 wounded in Norway nightclub shooting 25 June 2022, 6:00 AM | Reuters | @SABCNews Security forces stand at the site where several people were injured during a shooting outside the London pub in central Oslo, Norway June 25, 2022. Image: Reuters Security forces stand at the site where several people were injured during a shooting outside the London pub in central Oslo, Norway June 25, 2022. Two people were killed and 14 wounded on Saturday in a shooting at a nightclub and in nearby streets in Norway’s capital Oslo, Norwegian police said. A suspect believed to be the sole perpetrator was apprehended, police told reporters. The crime scene extended from the London Pub via a neighbouring club and onwards to a nearby street where the suspect was apprehended a few minutes after the shooting began, police spokesman Tore Barstad told newspaper Aftenposten. The London Pub is a popular gay bar and nightclub in the centre of Oslo. "I saw a man arrive with a bag, he picked up a gun and started to shoot, journalist Olav Roenneberg of public broadcster NRK reported. It was not immediately clear what was the motive for the attack. Oslo is due to hold its annual Pride parade later on Saturday. "Two people are confirmed dead, the Oslo police department said in a tweet. Some 14 people were taken to hospital, several with severe injuries, police said. Photographs published by newspaper VG, broadcaster NRK and others showed a large gathering of emergency responders outside the London Pub, including police and ambulance workers. Helicopters hovered above central Oslo while ambulance and police car sirens were heard across the city. Oslo’s university hospital said it had gone on red alert following the shooting. Share article

Microsoft CSP solutions from Rectron - Future -proof your business in the cloud

Microsoft CSP solutions from Rectron - Future-proof your business in the cloud Partner 25 June 2022 Subscribe Microsoft Cloud Solution Provider (CSP) solutions from Rectron are the best way to scale your business and run it efficiently during the current global economic shift. Visit Rectron&rsquo;s website to learn more. These solutions bring a wide range of benefits to your business - including improved versatility, functionality, security, and latency. When you sign up for these solutions through Rectron, you also receive significant savings on infrastructure costs, as Rectron bills you monthly at an affordable usage-based rate. Additionally, businesses will receive added support from Rectron&rsquo;s specialised sales consultants and in-house Azure architects to ensure everything runs optimally. Therefore, if you need powerful productivity tools that run in the cloud and are easy to use, Rectron has you covered with Microsoft&rsquo;s CSP solutions Microsoft&rsquo;s three main CSP solutions, all of which are available from Rectron, are detailed below. Microsoft 365 Microsoft 365 is the best productivity cloud on the market - bringing together all the Microsoft Office apps you&rsquo;ve come to love with a range of powerful cloud services. This productivity suite also comes with device management tools that make it easier to monitor and control your workforce&rsquo;s devices. Microsoft Power Platform Microsoft Power Platform allows you to analyse data, build solutions, automate processes, and create virtual agents. This streamlines your operations to offer significantly improved value to your business. Microsoft Azure Businesses that want to be at the forefront of innovation while increasing productivity and securing your critical business data should consider migrating to a hybrid or cloud environment relevant to your organizational structure. Microsoft Azure delivers on-demand scalability, performance, reliability, and security that will provide immense value to an

Forklifts: Why Buying or Renting from Value Forklifts Makes Good Business Sense - Press Release

MyPR | Free Business Showcase | Paid for Adverts. Forklifts: Why Buying or Renting from Value Forklifts Makes Good Business Sense: If you run a business, you&rsquo;re probably looking to increase efficiency and cut costs whenever possible. This means streamlining operations and making sure that every aspect of your company runs as efficiently as possible, whether it&rsquo;s your office space or the vehicles your employees use to transport goods to your customers. If you&rsquo;re in the market for forklifts, you&rsquo;ve likely already realized how expensive these machines can be and how much money you could save by renting or purchasing them rather than leasing them each month. But why should you consider buying or renting from Value Forklifts instead of other companies? Consideration #1 - Cost We&rsquo;re sure you&rsquo;ve taken a close look at forklift prices. And we&rsquo;re sure that when you compare our prices to other companies, you find them to be lower. When it comes to forklift pricing, here are some important things to keep in mind. First, all forklifts are not created equal. Even if two models have similar performance statistics on paper, they can vary significantly in real-world use-for example, one might weigh twice as much as another but hold only 5% more product. Second, it&rsquo;s good practice for businesses that frequently use forklifts to purchase high-quality equipment and take care of it properly so they can get many years of use out of it. Consideration #2 - Maintenance Most businesses that use forklifts as a key component of their day-to-day operations rely on them for more than just moving pallets around. They rely on them to keep their company running smoothly, which means top-notch maintenance is critical in many cases. When you rent a forklift from Value Forklifts, you&rsquo;re not just getting new forklift models but also quick and reliable service when something breaks down or needs maintenance work. This can save your busine

Brilliant Bairstow and unlikely hero Overton rescue England first innings - Breaking news, special reports, world, business,

Brilliant Bairstow and unlikely hero Overton rescue England first innings 25 June 2022, 10:05 AM | Reuters | @SABCNews England centurion Johnny Bairstow and debutant Jamie Overton blazed a thrilling unbeaten seventh wicket stand of 209 in 223 balls to guide their teetering side to 264 for six at the close of the second day of the third test with New Zealand on Friday. England centurion Johnny Bairstow and debutant Jamie Overton blazed a thrilling unbeaten seventh wicket stand of 209 in 223 balls to guide their teetering side to 264 for six at the close of the second day of the third test with New Zealand on Friday. The imperious Bairstow has now blasted back-to-back centuries as he finished unbeaten on 130 from 126 balls, while number eight Overton showed his genuine all-round qualities with an equally eye-catching 89 not out from only 106 deliveries. England trail the tourists&rsquo; first innings score of 329 by 65 runs at Headingley, but will be delighted with their fightback after they slipped to 55 for six in their reply. It is the highest seventh-wicket partnership for England against New Zealand and Overton&rsquo;s score is the most by an England player on debut batting at number eight or lower. The pair did it in some style too, with a mix of aggressive hitting and deft stroke-making as New Zealand were simply unable to slow the flow of runs. The momentum in the test is now back with England but in the middle session of the day they were floundering. After Daryl Mitchell&rsquo;s third century of the series helped New Zealand to 329 just after lunch, seamer Trent Boult clean bowled England&rsquo;s opening three batsman as the hosts&rsquo; top order wilted. HORROR SHOW England captain Ben Stokes said before the test that his side were in the "entertainment business, but their innings was initially a horror show as Boult (3-73) ripped through their top order. Alex Lees (4) fell to an unplayable Boult thunderbolt that clipped the top of his off stump after pitching

Mother charged with murder following fatal poisoning of children, husband - Breaking news, special reports, world, business,

Mother charged with murder following fatal poisoning of children, husband 25 June 2022, 8:13 AM | Image: Twitter/@SAPoliceService An arrest graphic. A 31-year-old mother from Utopia farm near Bethlehem in the Free State, has been charged with three counts of murder and one of attempted murder after she confessed to poisoning her three daughters and husband. Two children aged 10 and 14 and the 49-year-old husband died after eating the brown bean soup which the mother dished up for them before they left home for the day. The third child, an 11-year-old girl is in ICU. Police Spokesperson Phumelelo Dlamini says the children were rushed from school to a local clinic after they complained of stomach cramps - two were declared dead on arrival. Dlamini says similarly their father also fell ill at work and was taken to hospital where he passed away. The mother, Maphephi Mokwena was arrested together with her 21-year-old sister Mantoa. Dlamini says the mother admitted that she bought poison called Temik to poison the soup. Maphephi Mokoena and her younger sister and Mantoa appeared before the Magistrate’s Court charged with counts of murder of Maphephi’s children and their father. Maphephi did a confession statement that she bought poison and mixed it with their breakfast whereby they later died while at school and while at work. Maphephi is remanded in custody and will appear before the Bethlehem Magistrate’s Court on 30 June for a formal bail application while Mantoa is released on free bail. Share article

Rand strengthens as dollar slides, stocks jump - Breaking news, special reports, world, business, sport coverage of all Sout

Rand strengthens as dollar slides, stocks jump 25 June 2022, 4:46 AM | [File Image] South African bank notes. Image: Reuters [File Image] South African bank notes. South Africa’s rand strengthened against a sliding dollar on Friday, as investors started to scale back bets on how far central banks will be able to lift interest rates this cycle to rein in inflation. Global financial markets have been roiled this month on worries that rapid rate hikes by major central banks could cause a recession. However, sliding commodity prices eased some worries about inflation on Friday, sending world stocks higher. read more At 1625 GMT, the rand traded at 15.8075 against the dollar, 0.97% higher than its previous close. The dollar index , which measures the US currency against six rivals, dropped 0.18% to 104.21, and was on track for its first weekly decline this month, as traders dialled down bets on where interest rates may peak. read more Analysts however, have warned of a more hawkish South African Reserve Bank (SARB) in the near-term, expecting it to raise rates to inflation. "Although the ZAR has held up well to date, the SARB is likely to deem more-decisive policy action necessary to raise policy rates back up to pre-COVID levels as soon as possible in light of an increasingly complex and uncertain environment for risky assets, Jeff Schultz, senior economist at BNP Paribas South Africa, said in a note. Stocks on the Johannesburg Stock Exchange (JSE) rose, mirroring gains in global equity markets, with the All-Share index (.JALSH) rising 1.61% to 66,349 points, and the Top-40 index (.JTOPI) closing 1.65% higher at 59,993 points. The government’s benchmark 2030 bond fell, with the yield up 16.5 basis points to 10.260%. Share article

Biden signs gun safety bill into law at Supreme Court - Breaking news, special reports, world, business, sport coverage of a

Biden signs gun safety bill into law at Supreme Court 25 June 2022, 4:48 PM | Image: Reuters U.S. President Joe Biden U.S. President Joe Biden has signed into law, new gun control reforms passed by congress following a spate of mass shootings . The new rules include tougher checks on younger buyers of weapons, as well as extra funding for mental health programmes. This is the first major federal gun reform in three decades in the USA, this happens days after the Supreme Court expanded gun rights . Biden acknowledged that the reforms did not go as far as he had hoped. Biden says, "The message to us was that we do something, how many times we heard that, just do something. Well, today, we did. I know there is much more work to do, and I am never going to give up, but this is a monumental day. The Supreme Court on Thursday declared for the first time that the U.S. Constitution protected an individual’s right to carry a handgun in public for self-defence. Gun control has long been a divisive issue in the nation with several attempts to put new controls on gun sales failing time after time. The new legislation includes provisions to help the states to keep guns out of the hands of those deemed to be a danger to themselves or others and blocks gun sales to those convicted of abusing unmarried intimate partners. It does not ban sales of assault-style rifles or high-capacity magazines. The law does take some steps on background checks by allowing access, for the first time, to information on significant crimes committed by juveniles. It also cracks down on gun sales to purchasers convicted of domestic violence. It provides new federal funding to states that administer "red flag laws intended to remove guns from people deemed dangerous to themselves and others. Biden said he would host an event in July for victims of gun violence to mark the bill’s signing. The President also repeated his criticism of the Supreme Court’s ruling on Friday, which eliminated the constitutional rig

Nissan workers fear being displaced as plant introduces new technology

Nissan workers fear being displaced as plant introduces new technologyHlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Source The Citizen | Saturday, 25 June 2022, 08:13National Union of Metalworkers of South Africa (NUMSA) members picket outside the Embassy of Japan in Pretoria over the future of the Nissan plant in South Africa, 24 June 2022. Photo: Jacques NellesNATIONAL NEWS - Members of the National Union of Metalworkers of South Africa (Numsa) came out in numbers on Friday 24 June, to hand over a memorandum at the Japanese embassy about problems at the Nissan Rosslyn plant.Dressed in Nissan overalls, they waved flags and placards while chanting voetsek and singing struggle songs as they waited for a representative from the embassy. There was a heavy police presence and private security which formed a human chain in front of the gate to keep the union members in the street.Numsa national spokesperson Phakamile Hlubi-Majola said members were demanding Nissan follow “just transition” principles. Some feared being displaced because the plant’s new technology was not labour intensive.“Workers want to know what the plans are and whether they will be trained and upskilled to adjust to the new technology.”Hlubi-Majola said there were rumours of plans to terminate at least 150 fixed-term contracts.Nissan South Africa’s corporate affairs director Wonga Mesatywa told IOL Nissan was working to resolve the matter as quickly as possible, while minimising any impact on key stakeholders.Economist Dawie Roodt said the reality was SA had shocking statistics of unemployment and a rising level of poverty.“We can learn so much from Nissan. To be honest, people should be lining up to work at Nissan for free to get the skills, experience and knowledge,” he said.Another blow to the economy was notice of the closing down of Tiger Brands’ canning factory in Ashton in the Western Cape.Canning Fruit Producers

Africa’s Covid neglect poses global danger

AFRICAAfrica’s Covid neglect poses global dangerChris Bateman25 Jun 2022Effort: In an effort to get people vaccinated against Covid-19, Kenya’s health workers go door to door for people who live far from health facilities. The more benign Omnicron variant has also made people complacent. Photo: Briaqn Ongoro/AFPDespite an oversupply of Covid-19 vaccines, 900 million Africans still need to be vaccinated. The continent’s average vaccination coverage is just 19%.The situation is not only caused by vaccination complacency; it can be attributed to limited operational capacity, historic vaccine procurement backlogs and competing crises in many African countries. Vaccine hesitancy worldwide is currently driven by the lower health risk of the predominant and highly infectious Omicron variant.A Mail & Guardian investigation of the World Health Organisation (WHO) African Covid coalface operators, a supplier and the year-old Afrigen mRNA vaccine research hub in Cape Town has exposed some stark realities.One is that 11 of the continent’s 54 countries have less than 10% of their population fully vaccinated. These are, from lowest to highest: Burundi, the Democratic Republic of the Congo, Madagascar, Cameroon, Malawi, Mali, Niger, Senegal, Burkina Faso, Tanzania and Sudan.Phiona Atuhebwe, of the WHO Africa region, says most of these countries are also dealing with humanitarian crises and outbreaks of other vaccine-preventable diseases such as measles, yellow fever and poliovirus type 2.The main obstacles to absorbing Covid vaccine supplies are: insufficient political commitment, competing priorities, the limited involvement of local structures in the planning and roll-out of Covid‑19 vaccines and insufficient time for planning. Other bottlenecks included delays in the release of funds to support planning and implementation of activities and increasing vaccine hesitancy.Atuhebwe says misinformation and disinformation are rife, while trust in the safety and efficacy of v

Slaughtering by-law angers residents!

Slaughtering by-law angers residents!ETHEKWINI Municipality’s new ritual slaughtering permit by-law has received heavy criticism.The by-law has imposed a slaughtering permit for traditional ceremonies.After the by-law was heavily criticised, the municipality decided to take down the poster explaining it.The African National Congress (ANC) Youth League in the eThekwini region was the first to slam the by-law.Regional secretary Thulisa Ndlela said the youth league rejected the culturally insensitive move as it requires people to seek permission to practise their constitutionally protected right to culture.“We will engage the leadership of the ANC in the region to instruct the caucus of the ANC in the council for this decision not to be approved and if approved to be reviewed with the intention of reversing. African people cannot be made to seek permission in the same way that they used to under the apartheid regime,” said Ndlela.Inkatha Freedom Party (IFP) eThekwini chairman Mdu Nkosi said this is not a by-law that can work in eThekwini as there are areas that are still under traditional leadership.“As the IFP, we won’t support this law,” said Nkosi.Congress of Traditional Leaders of South Africa (Contralesa) national treasurer and Ubumbano Lwesinduna chairman Charles Malinga said this by-law aimed to continue to show the middle finger to traditional leadership.“They want to strip amakhosi of their governing power so that people will see them as useless. The ruling government is working with everything in their power to continue to oppress our culture so that they force the Western culture that aims to make us forget our identity,” said Malinga.The municipality said it recognises and respects communities’ traditional, cultural and religious beliefs and does not prohibit activities aligned to such beliefs.“However, the municipality is required to give effect to national legislation and regulations to ensure the humane slaughter of

Increase in business break-ins in Rustenburg

Fidelity ADT noted a marked increase in business break-ins in the Rustenburg area. This week alone there were three reported incidents. Clair Joubert, Branch Manager for Fidelity ADT says, "We are noticing new modus operandi where criminals cut the power and wait for alarm the alarm battery to die,...

Serena Williams to face France's Harmony Tan in Wimbledon opener, Novak Djokovic plays Kwon Soon-woo

By Martyn Herman London - Serena Williams' eagerly-awaited return to Wimbledon will begin in the first round against France's Harmony Tan as the 23-times Grand slam champion resumes singles action after a year out next week. The 40-year-old American, avoided any of the big names in Friday's draw and will get the chance to ease into the tournament against world number 113 Tan as she targets an unlikely eighth title. Wildcard Williams, notionally ranked down at 1,204, has not played a singles match since retiring injured and in tears in the first round a year ago against Aliaksandra Sasnovich. Men's top seed and defending champion Novak Djokovic, chasing a 21st Grand Slam title after a troubled year, will open his campaign against South Korea's Kwon Soon-woo. Second seed Rafa Nadal, who is half way to a calendar year Grand Slam, plays Argentina's world number 42 Francisco Cerundolo in the first round while compatriot Carlos Alcaraz, the man predicted to one day fill Nadal's shoes, takes on Germany's Jan-Lennard Struff. Women's top seed Iga Swiatek, who is on a 35-match winning run, opens against Croatian qualifier Jana Fett while second seed Anett Kontaveit takes on American Bernarda Pera. American teenager Coco Gauff, who reached the French Open final and is seeded 11th, plays Romania's Elena-Gabriela Ruse. Britain's U.S. Open champion Emma Raducanu, who will hog the spotlight among the home contingent, faces a tricky opener against experienced Belgian Alison Van Uytvanck. Raducanu, 19, has struggled since her incredible run in New York and has been dealing with an injury in the build-up. Compatriot Andy Murray, champion in 2013 and 2016 but unseeded now after his battles with hip injuries, is up against Australian James Duckworth. Former champion Simona Halep, the 16th seed, will feature in probably the pick of the women's first-round clashes as she takes on Czech Karolina Muchova. On the men's side, standout first-round matches include three-time Grand slam champion Stan Wawrinka against

Makhanda National Arts Festival officially launched - Breaking news, special reports, world, business, sport coverage of all

Makhanda National Arts Festival officially launched 24 June 2022, 12:27 PM | Emathongeni performed at the Festival in 2018. Image: Jan Potgieter Emathongeni performed at the Festival in 2018. The Mkhanda National Arts Festival is back live and full swing in Makhanda, Eastern Cape this year. Scores of people flocked to Makhanda on Thursday night , anticipating what is supposed to be an art-filled three days to follow. The festival opens a day after Health Minister, Dr. Joe Phaahla announced the scraping of COVID-19 regulations, as the country exits the fifth wave. Festival organizers say this has resulted in a boost in sales. After a two-year virtual hiatus due to COVID-19 regulations, the Arts festival in the City of Saints has opened its doors. For the next 10 days, Makhanda is expected to be abuzz with various performances on stage and artists showcasing their talents. Festival CEO, Monica Newton says with COVID-19 regulations relaxed even further, the festival is showing much more promise. Newton says, "It is a dream come true, to think that the regulations were scrapped just yesterday, even the tickets that were sold out are now back on sale. People are excited and I am excited. A lot of lovely activities will follow from here, the lineup is amazing. Massive blow The festival also provides a perfect recovery platform for artists in the Eastern Cape, following a massive blow by the pandemic. Acting Arts and Culture MEC Siphokazi Mani Lusithi says, "The artists were hit hard by the pandemic and this festival is their starting point as they recover. The online system was a wonderful platform but not as big as being live. We will also be working hard to develop them and provide more platforms. For the local tourism economy, the event speaks volumes. Eastern Cape Parks and Tourism CEO, Vuyani Dayimani says, "I mean look a recovery point of view amid what was going on in the last two years, this festival will bring the much-needed boost to the economy of this region and also showcase the bea

Org de Rac Sauvignon Blanc 2022

Org de Rac Sauvignon Blanc 2022Org de Rac Sauvignon Blanc 2022available in our shopthe price you see is the price you pay delivered to your door in SAR696 for 6 bottlesgo to shopThis vibrant, classically styled Sauvignon Blanc presents a pale lemon-green colour. The nose experiences an array of tropical fruit such as melon and passion fruit, citrus fruit and a herbaceous note of green bell pepper. These crisp flavors repeat in the mouth, along with a mineral character followed by a long fruity finish. The distinctive aromas support a wonderfully balanced palate, presenting purity of ripe fruit and a lingering harmonious finish of fresh acidity. Enjoy with summer foods and salad or serve chilled on its own.variety : Sauvignon Blanc [ 100% Sauvignon Blanc ]analysis : alc : 13.0 % vol rs : 3.6 g/l pH : 3.36 ta : 4.47 g/ltype : White style : Dry body : Medium taste : Fruity organicpack : Bottle size : 0 closure : Screwcapin the vineyard : The meticulously selected organic grapes used to make this delicious Sauvignon Blanc were picked from the nest vineyards across the Western Cape Winelands. The vineyards have predominantly sandy-loam topsoil with well-structured subsoil on weathered rock. is moderate to high clay percentage retains moisture and provides much-needed water during hot, dry summers. In harmony with nature, a sanctuary for all wild creatures who, by their presence, create the balance that adds uniqueness to the viticulture. Years of nurturing the land and dedicated to preserving it, we have established an environment of value to the planet. is wine is made with minimal interference, fermentation with natural and approved yeasts. Maturation takes place, retaining the unique vineyard character.about the harvest: Thee grapes were hand-picked and delivered to the cellar in small bins to prevent breakage of the berries.find our wines in :

Serena Willliams, ranked 1 204 in the world, faces 113th-ranked Tan in Wimbledon opener

Serena Williams was Friday drawn to face France's Harmony Tan in the first round of Wimbledon as she returns to singles action after a year away. Defending men's champion Novak Djokovic begins his quest for a seventh title against South Korea's Kwon Soon-woo, ranked 75th in the world. The early focus at the All England Club will be on 23-time Grand Slam singles champion Williams, who has dropped to 1 204th in the world rankings and is unseeded for the tournament, which starts on Monday. The 40-year-old, who took part in the doubles tournament in Eastbourne this week, has not played singles since she suffered an injury during her first-round match at Wimbledon 12 months ago Tan, 24, is ranked 113rd in the world. Top seed Iga Swiatek, who won the French Open earlier this month, opens her campaign against Croatian qualifier Jana Fett. Poland's Swiatek, 21, has won 35 consecutive matches leading into Wimbledon. Williams's preparations for Wimbledon suffered a blow after her doubles partner Ons Jabeur withdrew from the Eastbourne tournament because of a knee injury on Thursday. The American won the last of her seven Wimbledon singles titles in 2016 but reached the final in 2018 and 2019 after returning from having a baby. Wimbledon is widely considered Williams's best chance of claiming a 24th Grand Slam singles crown to equal Margaret Court's all-time record. The last of her Grand Slam singles titles came at the Australian Open in 2017. Speaking after Wednesday's doubles match, Williams had said: "I feel good. As good as one can feel after having such a long time off."

Cantor Fitzgerald upgrades Aurora Cannabis to overweight on prospects for European business

Cantor Fitzgerald upgrades Aurora Cannabis to overweight on prospects for European business ACB, +8.82% rallied 6% in premarket trades on Friday after Cantor Fitzgerald analyst Pablo Zuanic upgraded the Canadian cannabis company to overweight from neutral and raised his 12-month price target on the stock to C$4.05 ($3.12) from C$3.90. Zuanic said Aurora Cannabis could benefit from growth in the legal cannabis market in Europe, as one of only two North American companies with a license to grow cannabis in Germany, along with Tilray Brands Inc. TLRY, +11.53% . "With questions as to whether imports will be allowed in the future German rec market and likely a limited number of new domestic production licenses issued to supply that future rec market, we believe both Tilray and Aurora should be well positioned, Zuanic said. He described Aurora as an "attractively-valued pure cannabis global play.

Boris Johnson under pressure after UK election defeats - Breaking news, special reports, world, business, sport coverage of

Boris Johnson under pressure after UK election defeats 24 June 2022, 2:11 PM | Reuters | @SABCNews Colour-coded stacks of votes are pictured under posters with names of candidates for the Tiverton and Honiton by-election, at Lords Meadow Leisure Centre in Devon, Britain, June 24, 2022. Image: Reuters Colour-coded stacks of votes are pictured under posters with names of candidates for the Tiverton and Honiton by-election, at Lords Meadow Leisure Centre in Devon, Britain, June 24, 2022. Boris Johnson&rsquo;s Conservatives lost two parliamentary seats on Friday, a crushing blow to the governing party that prompted the resignation of its chairman and intensified doubts about the future of Britain&rsquo;s prime minister. In Rwanda for a meeting of Commonwealth nations, Johnson was defiant, pledging to listen to voters&rsquo; concerns and do more to tackle a cost-of-living crisis after what he described as "tough results in the two so-called by-elections. The losses - one in the Conservatives&rsquo; traditional southern heartlands and in a northern English industrial seat won from Labour in the last election - suggest the broad appeal Johnson presented to win the 2019 election may be fracturing. Fears that Johnson could have become an electoral liability may prompt lawmakers to move against him again after months of scandal over COVID-19 lockdown parties at a time when millions are struggling with rising food and fuel prices. Johnson has so far resisted pressure to resign after he was fined for breaking lockdown rules at his Downing Street office. This month, he survived a vote of confidence by Conservative lawmakers, though 41% of his parliamentary colleagues voted to oust him, and he is under investigation by a committee over whether he intentionally misled parliament. "I think as a government I&rsquo;ve got to listen to what people are saying, Johnson told broadcasters in Kigali after the results. "We&rsquo;ve got to recognise there is more we&rsquo;ve got to do. o

Steinhoff books double-digit profit growth, but warns outlook is worsening

Steinhoff International, with majority stakes in Africa’s biggest apparel retailer, Pepkor, as well as Pepco in Europe, says easing Covid-19 restrictions helped with a double-digit rise in core profit in its 2022 financial half year, but it expects pressure on consumers to increase in coming months along with interest rates. Group revenue from continuing operations grew 12% to €5.15bn  (R86.4bn) in the six months to end-March, with core profit rising 13% to €760m, the latter driven mainly by a stellar performance from Pepkor, whose continued expansion resulted in it adding a net 108 new stores, while also carving out more market share... A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. Already subscribed? Simply sign in below. Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Durban's annual whale festival kicks off this weekend - Breaking news, special reports, world, business, sport coverage of a

SABC | @SABCNews Thierry Auga-Bascou, scientist and member of the French Biodiversity Agency, takes a skin sample of Wally, the 15 month old gray whale, swimming in the Mediterranean Sea past the coast of Argeles-Sur-Mer, France, May 6, 2021 Image: Reuters Thierry Auga-Bascou, scientist and member of the French Biodiversity Agency, takes a skin sample of Wally, the 15 month old gray whale, swimming in the Mediterranean Sea past the coast of Argeles-Sur-Mer, France, May 6, 2021 Durban’s annual whale festival, the Welcoming of the Whales kicks off this weekend. The two-day event at the WESSA Treasure Beach Education Centre on the Bluff is aimed at promoting environmental education and marine conversation. It will also showcases the Bluff as a whale heritage site and a tourism destination. The spokesperson for the South Durban Community Tourism Organisation, Suzette Niemand, says, "The festival is about a celebration of conservation. On the Bluff, we have the whales whaling station which closed down in 1978. So the main event is at WESSA. We have no parking at WESSA. We have arranged a park and ride. VIDEO: 2021’s Whales Festival: Share article

Intelsat’s CellBackhaul offers DRC mobile operators a new business to reach remote areas not connected to fibre - Mor

Intelsat&rsquo;s CellBackhaul offers DRC mobile operators a new business to reach remote areas not connected to fibre - More countries to roll out soon 24 June 2022 Top Story With the growing spread of regional and national fibre, satellite operators have had to come up with new ways of selling their connectivity for mobile backhaul. Russell Southwood spoke to Intelsat&rsquo;s Senior Vice President Global Sales Media &amp; Networks, Jean-Philippe Gillet. Intelsat&rsquo;s CellBackhaul is a managed service for mobile operators: "Our biggest challenge was that satellite is viewed as expensive, difficult to deploy and hard to implement. With CellBackhaul you are going to buy a service at a tower level. In DRC, there are four different packages linked to the type of connectivity (for example, 2G, 3G and 4G) and the service comes with an SLA at a tower. "The mobile operator knows the number of subscribers and ARPU levels and the voice vs data breakdown and CellBackhaul can offer a price competitive to that view. The price is drastically reduced for the MNO, making it easy for them. Intelsat manages the ground infrastructure and installs it at the tower. For the service to work, Intelsat has committed to working with local partner, Ragasat: "You need a local partner to manage it, for things like making sure the antenna is looking at the satellite and that the platform is connect to the MNO. You need to have people the MNO can call locally and the resources to install the equipment needed. CellBackhaul has opened five sites last week for Vodacom and further plans that will cover Kongo-Central, Nord Kivu, Kasai Oriental, Katanga, Maniema, Lualaba, and Equateur, Bandundu: "Vodacom is a very forward-thinking company and it has the largest rural connectivity network in the country. Rural connectivity in DRC is driven by voice but I was in Kinshasa and met with all the MNOs. The market is ready for scale deployment because there are still very large numbers of people who have no 2G cove

Markets rise as recession talk tempers rate hike expectations

Markets rise as recession talk tempers rate hike expectations Friday 24 June 2022 - 12:15pm Growing talk of a recession has led investors to temper their expectations for central bank rate hikes AFP | MOHD RASFAN HONG KONG - Stocks climbed Friday following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation and the growing possibility that those measures will induce a recession. Global markets have been thrown into turmoil for months by a perfect storm of crises that have left observers predicting a sharp contraction, including the Ukraine war, China's lockdown-induced economic troubles, supply chain snarls and spiking energy costs. Expectations that the Federal Reserve and other central banks will have to keep lifting rates have left many traders fretting that the pain could go on for some time, with sovereign bond yields -- key gauges to future rates -- continuing to climb. This week Fed boss Jerome Powell told lawmakers a recession was "certainly a possibility" and suggested officials were ready to press on with big rate hikes, following a three-quarter point lift this month. However, analysts said speculation that a recession is on the way has helped push yields down in recent days and led traders to scale back their expectations for the length of rate hikes. Demand concerns have also helped send oil prices -- a key driver of inflation -- lower with both main contracts down around 15 percent over the past week. Added to the mix this week are comments from President Xi Jinping suggesting an end to China's tech crackdown as well as possible new measures aimed at boosting the economy. "As we have been saying for some time now, for stocks to return to any semblance of form, it would likely require an unlikely upbeat mix of a seamless China growth recovery, a top in US bond yields, and much softer oil prices," said Stephen Innes at SPI Asset Management. "While a tall order and still a near-term unlikely combination scenario, the fall in com

Potatoes SA leads roundtable on state of fresh produce markets

Source: user15285612 via Freepik These were some of the outcomes of the industry roundtable hosted by Potatoes South Africa on Tuesday in which several leaders from the agriculture and food industry met to discuss the most pressing issues currently plaguing national fresh produce markets (NFPMs). There are currently 23 NFPMs around the country, the majority of which are municipally owned and managed. Responsible for up to 80% of all fresh produce sales in the country, these markets not only serve vital price-forming and setting roles, but are also key to ensuring the supply of food to vulnerable communities via informal traders, creating inclusive sales mechanisms for small-scale farmers to access markets, and generating important revenue for municipalities. Demonstrating their economic significance, latest statistics from the Department of Agriculture, Land Reform and Rural Development show that fresh produce markets sold some 3.4 million tonnes of fresh fruit and vegetables with a turnover of R17bn in 2019. But although municipalities charge fees of 5% on all turnover for the operation of the markets, little has been reinvested back into market maintenance over the past few years. In particular, farmers, agricultural associations, and market agents have warned of a lack of security, poor infrastructure maintenance and hygiene standards, and raised concerns regarding the efficacy of market management. "Farmers and traders expect a certain level of quality at markets, especially because they deal in fresh food products where sanitation is key," noted Willie Jacobs, CEO of Potatoes South Africa. "But as things stand, market spaces are often filthy, security is of a major concern, and farmers are struggling to even get their produce safely to the markets because of uneven road surfaces and potholes." Roughly 60% of fresh produce market turnover comes from the informal sector, and if it weren&rsquo;t for markets, most vendors would have no way of effectively reaching farmers. But product

Absence of accused in Free State Agriculture case is contentious to court: State - Breaking news, special reports, world, bu

Absence of accused in Free State Agriculture case is contentious to court: State 24 June 2022, 12:42 PM | A gavel and a law book. Image: Flickr A gavel and a law book. Senior Counsel Advocate Nazeer Cassim representing the state has argued that the absence of other accused in court in the case involving R 25 million paid by the Free State Department of Agriculture to Nulane Investment is contentious to the court. Only four of the accused have made an appearance in the High Court in Bloemfontein where the pre-trial hearing is meant to get under way. Others are reported to have been delayed by flights grounded by weather. Former head of the Department Agriculture, Peter Thabethe, Limakatso Moorosi, Sylvia Dlamini, and Gupta associate Ronica Ragavan are appearing in court in a pre-trial hearing. The case involves R 25 million that was allegedly paid to Nulane Investment, a company owned and controlled by Gupta associate Iqbal Sharma. From there the funds were diverted to Islandsite Investments a company owned and controlled by the Gupta family. The millions were purportedly paid to Nulane to conduct a feasibility study for the Free State Province’s flagship Mohoma Mobung project, on the basis that Nulane had unique skills to perform the work. Cassim has also told the court that in terms of case management the state has not made much progress in the matter. Pre-trial issues The court is supposed to finalise all pre-trial issues, ahead of trial scheduled to be heard next year from January 23 to March 3, 2023. Judge Martha Mbele warned the legal representatives that she would keep the absent accused in a place where she is sure they are present when she needs them in court. VIDEO: Last year, Gupta-owned company co-director was released on R10,000 bail: -By Kamogelo Seekoei

Serena Williams to face France's Harmony Tan in Wimbledon opener, Novak Djokovic plays Kwon Soon-woo

By Martyn HermanLondon - Serena Williams' eagerly-awaited return to Wimbledon will begin in the first round against France's Harmony Tan as the 23-times Grand slam champion resumes singles action after a year out next week.The 40-year-old American, avoided any of the big names in Friday's draw and will get the chance to ease into the tournament against world number 113 Tan as she targets an unlikely eighth title.Wildcard Williams, notionally ranked down at 1,204, has not played a singles match since retiring injured and in tears in the first round a year ago against Aliaksandra Sasnovich.Men's top seed and defending champion Novak Djokovic, chasing a 21st Grand Slam title after a troubled year, will open his campaign against South Korea's Kwon Soon-woo.Second seed Rafa Nadal, who is half way to a calendar year Grand Slam, plays Argentina's world number 42 Francisco Cerundolo in the first round while compatriot Carlos Alcaraz, the man predicted to one day fill Nadal's shoes, takes on Germany's Jan-Lennard Struff.Women's top seed Iga Swiatek, who is on a 35-match winning run, opens against Croatian qualifier Jana Fett while second seed Anett Kontaveit takes on American Bernarda Pera.American teenager Coco Gauff, who reached the French Open final and is seeded 11th, plays Romania's Elena-Gabriela Ruse.Britain's U.S. Open champion Emma Raducanu, who will hog the spotlight among the home contingent, faces a tricky opener against experienced Belgian Alison Van Uytvanck.Raducanu, 19, has struggled since her incredible run in New York and has been dealing with an injury in the build-up.Compatriot Andy Murray, champion in 2013 and 2016 but unseeded now after his battles with hip injuries, is up against Australian James Duckworth.Former champion Simona Halep, the 16th seed, will feature in probably the pick of the women's first-round clashes as she takes on Czech Karolina Muchova.On the men's side, standout first-round matches include three-time Grand slam champion Stan Wawrinka against rising Itali

Business Archives - Page 126 of 126

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Warrant of arrest for Gupta associate Dinesh Patel issued for failure to appear in court - Breaking news, special reports, w

Warrant of arrest for Gupta associate Dinesh Patel issued for failure to appear in court 24 June 2022, 2:00 PM | Close-up of gavel and handcuffs on a law book in a courtroom. Image: Pixabay Close-up of gavel and handcuffs on a law book in a courtroom. A warrant of arrest has been issued for fraud and corruption accused, Gupta associate Dinesh Patel, after he failed to appear in the Free State High Court in Bloemfontein. The warrant will stand for two hours from midday. His lawyer Senior Council Kenny Oldwedge made a plea to the court to personally present him to the judge. The warrant will be effected should Patel fail to appear before the judge within two hours. Judge Martha Mbele earlier warned lawyers for the accused, who were not on time at the court, that she would take steps to keep them in a place that would ensure that they are present in court when needed. Another accused who arrived late is Iqbal Sharma. The case relates to procurement fraud involving R24.9 million paid by the Free State Department of Agriculture to Nulane Investment. Sharma, and 16 accused which include officials from the Free State Department of Agriculture and Rural Development had to appear at the Bloemfontein High Court on Friday for a pre-trial hearing. The case relates to payment made by the Free State Department of Agriculture between 2011 and 2012 to Nulane Investment for a feasibility study for potential farming projects in the province. The funds were allegedly diverted to the Islandsite Investments company owned by the Gupta family. The state alleges that the accused colluded in diverting the cash. The accused include former Transnet board member and Gupta family business associate, Iqbal Sharma, Nulane Investment representative, Dinesh Patel and co-director of Islandsite Investments, Ronica Ragavan. Also, former government officials in the Free State Department of Agriculture and Rural Development, Peter Thabethe, Limakatso Moorosi and Seipati Dhlamini. The state has indicated in the past that it is

Green Star - EBP Custom Industrial pilot rating tool set to be a catalyst for greening industrial properties in South Africa

Green Star â€" EBP Custom Industrial pilot rating tool set to be a catalyst for greening industrial properties in South AfricaDetails24 June 2022The Green Building Council South Africa (GBCSA) announces the launch of their new Green Star - Existing Building Performance (EBP) Custom Industrial pilot rating tool. Sponsored by Growthpoint Properties, the pilot tool is now available for all industrial properties to use.The South African industrial property sector has shown positive growth year-on-year post lockdown in 2020 (source: StatsSA ). This is attributed in part to the rapid expansion of ecommerce (accelerated by the pandemic) leading to increased demand for logistics and warehousing type spaces. But as we ‘build back better’ after the pandemic, industrial buildings could have a key role in South Africa’s net zero journey too.Industrial buildings form a notable portion of South Africa’s existing building stock. Better-managed and better-performing green industrial buildings have great potential to decrease energy and water consumption, as well as reduce waste-to-landfill production. Furthermore, warehousing and distribution centre types of buildings often have the capacity, because of their roof-space-to-energy-use ratio for solar panels, to generate more energy than the building demands, enabling them to be exporters of energy.“Industrial buildings, such as warehouses, manufacturing plants, and logistics facilities, play a key role in the smooth running of national and regional economies. It’s vital that these assets are future-proofed for the impacts of a changing climate and the rising costs of energy, water, waste, and emissions, as well as delivering a range of other benefits for their tenants,” explains Errol Taylor, head of Asset Management: Industrial at Growthpoint.A new custom tool in response to a noteworthy market trendWanting to respond constructively to this market trend and to support the variations of the industrial proper

Commodity losses strip emerging markets of their lone attraction.

Friday, 24 June 2022 13:49 Commodity losses strip emerging markets of their lone attraction. By Markus Wong and Netty Ismail. The most popular trade in emerging markets this year - betting on commodity-exporting nations - is losing its appeal. The currencies and bonds of Brazil to Mexico and South Africa were the best performers among developing-nation peers in the first five months of 2022 as commodity prices skyrocketed following Russia&rsquo;s invasion of Ukraine. They have turned laggards this month after growing fears of a global recession and China&rsquo;s Covid lockdowns sent a Bloomberg gauge of raw-material prices tumbling 10% from an eight-year high. The fizzling of the commodity-led rally comes at a crucial point for emerging-market investors as the Federal Reserve&rsquo;s tightening saps liquidity and worsens the outlook for riskier assets. They have nowhere to hide as the other half of the developing world - commodity importers mainly in Asia - are also witnessing a selloff amid stubborn inflation and delayed rate-hike plans. "We are closer to the end of the emerging-market commodity boom than the beginning or even the middle," said Todd Schubert, head of fixed-income research at Bank of Singapore. "The rising risk of a severe economic downtown will further sap demand for a broad swath of commodities." The Brazilian real, which rallied 18% in the year through May, has plunged about 10% in June. A similar reversal has happened in the Chilean and Colombian pesos and the South African rand. Their losses have sent the emerging-market currency benchmark toward the worst quarterly losses in more than two years. "I would be more defensive on commodity currencies right now, as it seems that slower global growth and the search for peak inflation globally continues to weigh on the commodity space, "said Galvin Chia, EM FX strategist at Natwest Markets in Singapore. Citigroup Inc is urging investors to bet on further gains in the dollar against developing currencies, which "m

Commonwealth leaders meet in Rwanda amid criticism of host’s rights record - Breaking news, special reports, world, b

Commonwealth leaders meet in Rwanda amid criticism of host’s rights record 24 June 2022, 11:30 AM | Reuters | @SABCNews Rwandan President Paul Kagame looks on as he attends a joint news conference with French President Emmanuel Macron at the Presidential Palace in Kigali, Rwanda May 27, 2021. Image: Reuters Rwandan President Paul Kagame looks on as he attends a joint news conference with French President Emmanuel Macron at the Presidential Palace in Kigali, Rwanda May 27, 2021. Commonwealth leaders meet in Kigali on Friday to discuss cooperation on topics from trade to health to climate, against a backdrop of criticism of the host Rwanda’s human rights record and of a British policy to deport asylum seekers there. The Commonwealth, a club of 54 countries most of which are former British colonies, encompasses about a third of humanity and presents itself as a network of equal partners with shared goals such as democracy, peace and prosperity. Britain’s Prince Charles and Prime Minister Boris Johnson will attend an opening ceremony along with heads of state and government from most member countries, before the leaders hold two days of talks behind closed doors. One item on the agenda will be applications by former French colonies Togo and Gabon to join the Commonwealth, a sign of disenchantment within France’s sphere of influence in Africa and of the attractions of an English-speaking club. The theme of the summit, "Delivering a Common Future: Connecting, Innovating, Transforming, offered few clues as to what outcomes were expected. At previous summits, leaders have agreed on declarations and targets on specific challenges such as malaria, and some of the richer members have pledged funding for specific initiatives. Some prominent countries, including South Africa, India, Pakistan, Australia and New Zealand sent more junior delegations led by ministers to Kigali. Earlier this month, 24 civil society groups including Human Rights Watch said the Commonwealth’

ANC Gauteng conference should not focus solely on leadership: Makhura - Breaking news, special reports, world, business, spo

ANC Gauteng conference should not focus solely on leadership: Makhura 24 June 2022, 6:12 PM | Supporter holding an ANC flag with other supporters in the background Image: GroundUP Supporter holding an ANC flag with other supporters in the background He says the Provincial Executive Conference (PEC) has also decided to focus on adopting reports from the Secretariat and the commissions. Makhura delivered his last report at the conference under way in Benoni on Gauteng’s East Rand. Makhura’s address: ANC National Chairperson, Gwede Mantashe officially opened the conference earlier. Makhura says this conference has to be solution driven in order to change its status core at the grass roots level. "It is absolutely important comrades and compatriots gathered here, that we regard ourselves having come here, that we’re here to seek solutions, policy solutions to people’s problems. And our people out there expect nothing less. The sequence of our discussion, you will see, today we will only focus on reports, that I have referred to and tomorrow we are going to go to Commissions. Ekurhuleni’s participation It was earlier resolved that the five branches from Ekurhuleni Region will participate in the conference. Ekurhuleni also has 19 quarantined votes, where Mzwandile Masina was provisionally elected as the regional Chairperson at a conference last month. Provincial Secretary of the ANC Jacob Khawe says the PEC has agreed to allow them into the conference, but their votes will be quarantined and the matter of Ekurhuleni will be attended to by the PEC in due course. This has seen the 14th Gauteng elective conference delayed for several hours, as the PEC was in discussions on the way forward on the matter. Khawe says there’s nothing more that can further delay the resumption of the conference. "The conference should ago ahead and these branches be allowed to participate in the conference, as all other delegates and vote like any other delegate. However, until

Prince Charles expresses sorrow over slavery in Commonwealth speech - Breaking news, special reports, world, business, sport

Prince Charles expresses sorrow over slavery in Commonwealth speech 24 June 2022, 6:36 PM | Reuters | @SABCNews Britain's Prince Charles speaks during the opening ceremony of the Commonwealth Heads of Government Meeting (CHOGM) at the Kigali Convention Centre in Kigali, Rwanda June 24, 2022. Image: Reuters Britain's Prince Charles speaks during the opening ceremony of the Commonwealth Heads of Government Meeting (CHOGM) at the Kigali Convention Centre in Kigali, Rwanda June 24, 2022. Britain’s Prince Charles expressed deep sorrow over slavery in a speech to Commonwealth leaders in Rwanda on Friday and acknowledged that the roots of the organisation lay in a painful period of history. The Commonwealth, a club of 54 countries that evolved from the British Empire, encompasses about a third of humanity and presents itself as a network of equal partners, but some member states have been calling for a reckoning with the colonial past. "I want to acknowledge that the roots of our contemporary association run deep into the most painful period of our history, Charles told assembled Commonwealth leaders at the opening ceremony of a two-day summit in Kigali. "I cannot describe the depths of my personal sorrow at the suffering of so many as I continue to deepen my own understanding of slavery’s enduring impact. Britain and other European nations enslaved more than 10 million Africans between the 15th and 19th centuries and transported them across the Atlantic to toil on plantations in the Caribbean and the Americas. Many died on the way. Commonwealth members include West African nations such as Nigeria and Ghana, where slaves were captured, and 12 Caribbean nations where they spent the rest of their lives. The Commonwealth has not previously grappled publicly with the legacy of slavery. Some Caribbean ministers have called for it to be discussed, including the issue of reparations, which Charles did not mention. "If we are to forge a common future that benefits all our citizens, we too m

Drought stricken Eastern Cape finally receives rain - Breaking news, special reports, world, business, sport coverage of all

Drought stricken Eastern Cape finally receives rain 24 June 2022, 6:32 PM | Rain seen on a window Image: Pixabay Rain seen on a window Rain has fallen over the drought stricken western half of the Eastern Cape including in the catchment areas of the dams supplying the Nelson Mandela Bay Metro. However, the South Africa Weather Service warned that the rainfall is not enough to stave off the water crisis in the area or make a significant impact on the supply dams despite videos on social media showing rivers flowing strongly. A forecaster at Weather SA, Garth Sampson, says there are unofficial reports that up to 180 millilitres of rain fell the in Krakeelhoek area. Other notable figures include more than 50 millimetres that were recorded in the Kareedouw area. Sampson urges residents to continue using water sparingly. "Although this will buy us few days or maybe a week or two the results will not be seen in the days or before Monday and beyond, this is not the end to the water crisis. As of after lunchtime today no further rain is expected for the next week, if we all conserve water this will assist in extending the day zero until we receive more rain. Day one of water-shedding in Eastern Cape&rsquo;s Kouga local municipality Earlier this month, the first day of water-shedding in the Eastern Cape&rsquo;s Kouga local municipality commenced. This was due to low water levels at the Impofu Dam and the Churchill Dam reaching less than 10% capacity. Jeffery&rsquo;s Bay, Humansdorp, and the surrounding St Francis area were affected. Residents in this area were quickly learning to live with dry taps. "The water crisis here is affecting us very badly. Yes, we do understand that the dams are dry and we are praying for rain soon in the catchment areas. We just hope the municipality will keep its word and make sure they stick to the times they tell us, a resident lamented. "It&rsquo;s very frustrating but I can understand why the municipality has done this. Water is a scarce resource and

Ukraine will need at least 10 years to demine its territory: Official - Breaking news, special reports, world, business, spo

Ukraine will need at least 10 years to demine its territory: Official 24 June 2022, 7:15 PM | Reuters | @SABCNews Members of a specialised team remove a defused 500kg bomb that did not detonate, June 23, 2022. Image: Reuters Members of a specialised team remove a defused 500kg bomb that did not detonate, June 23, 2022. Ukraine will need at least a decade to clear all the mines and explosives from its land and territorial waters once its war with Russia is over, an emergency services official said on Friday. Ukraine has managed to clear 620 square kilometres of land that were littered with thousands of explosive devices, including 2 000 bombs dropped from the air, but nearly 300 000 square kilometres are still seen as "contaminated, the official said. That is an area roughly half the size of Ukraine’s territory, and about as large as Italy. "Up to 10 years, that’s the optimistic figure. Because we don’t know what’s happening on the territories where active combat is ongoing right now, Oleksandr Khorunzhiy, spokesperson for Ukraine’s State Emergency Service, said. "Just imagine the number of bombs that have been dropped on us by the enemy, the official told a news conference. The first priority is to demine infrastructure, residential areas and roads, but it will take longer to clear woods, rivers and the coastline, he said. Russia invaded Ukraine on February 24 in what Moscow calls a "special military operation to demilitarise Ukraine and rid it of dangerous nationalists. Ukraine and its allies dismiss this as a baseless pretext to launch an unprovoked war of aggression. Ukraine set to withdraw from Sievierodonetsk as Russia closes in Ukraine was set to pull its troops from the ruined city of Sievierodonetsk after weeks of street fighting and bombardment, the regional governor said, in what would be a significant gain for Russia as it grinds out its offensive in the east. Russian troops also fully occupied a town about 10 km (6 miles) further south, Ukrain

Makhura blames ANC's dwindling support on 'greedy' party members - Breaking news, special reports, world, business, sport co

Outgoing African National Congress Gauteng Provincial Chairperson David Makhura says continued dwindling support of the party in the province, is as a result of what he calls "greed and survival of the fittest by some ANC officials and leaders. He says it is time for the party to do away with infighting because it leads to factionalism, thus causing more divisions than unity. He was delivering his last report at the 14th ANC Gauteng Provincial Conference under way in Benoni, east of Johannesburg. He says the main focus now should be to make sure that the ANC finds some resonance on the ground and in branch level. "We must cleanse the ANC of rand seeking and this mentality of greed and survival of the fittest. We must do away with this demon, the demon of greed and survival of the fittest which inspired the demon of factionalism, we have demons ba roti re rapelle, we must get rid of this demons that really continue to kill our movement. ANC GP Conference | Chairperson David Makhura addresses delegates ANC Gauteng conference should not focus solely on leadership: Makhura Makhura also called on the more than 1 000 delegates who are attending the 14th provincial conference not to focus solely on the election of the new leadership. He says the Provincial Executive Conference (PEC) has also decided to focus on adopting reports from the Secretariat and the commissions. ANC National Chairperson, Gwede Mantashe officially opened the conference earlier. Makhura says this conference has to be solution driven in order to change its status core at the grass roots level. "It is absolutely important comrades and compatriots gathered here, that we regard ourselves having come here, that we’re here to seek solutions, policy solutions to people’s problems. And our people out there expect nothing less. The sequence of our discussion, you will see, today we will only focus on reports, that I have referred to and tomorrow we are going to go to Commissions.

Three contractor firms at Implats clarify issues at hand as Numsa beats strike drum

THE management of Newrak Mining, Triple M Mining and Reagetswe Mining, which are contracting firms to Impala Platinum’s Rustenburg mining operations, cleared the air yesterday as labour union the National Union of Metalworkers of SA (Numsa) beats the strike drum. On Tuesday Reagetswe won an interdict against the strike, declaring the strike unprotected and directed employees to return to work, while the firms said Triple M and Newrak would be applying for interdicts in the course of this week. The firms said in a statement yesterday that they regretted the illegal strike action being carried out by Numsa members at its client, while refuting many of the labour union’s claims. The companies in a joint statement said they were small businesses and could ill afford a loss in production. “Losses this week have amounted to some R30 million,” they said. “We trust Numsa will recognise that unprotected strikes could have implications for members’ job security, and that they make the responsible decision of calling off the strike,” they said, adding that job security was an important issue and the companies would like to avoid any job losses for all of their employees and the impact it would have on their livelihoods and families. The three companies also said they would like to correct a number of incorrect claims that have been made by Numsa in respect of their operations. There were different circumstances applying at the three companies. The Association of Mineworkers and Construction Union was the majority union at Reagetswe and Triple M, with Numsa representing between 16 and 26 percent of employees, they said. This as Numsa this week aired its grievances as not being recognised as the main union at Reagetswe and Triple M, saying both companies had been ordered by the Labour Court to conduct verification to confirm that Numsa was the majority union. The statement said Numsa was given limited organising rights at Triple M to enable it to improve its

IBA will not be in charge of Paris 2024 boxing competition, qualifiers: IOC - Breaking news, special reports, world, busines

IBA will not be in charge of Paris 2024 boxing competition, qualifiers: IOC 24 June 2022, 8:02 PM | Reuters | @SABCNews The Rainbow Bridge and Tokyo Tower are illuminated with Olympic colours to mark 100 days countdown to the Tokyo 2020 Olympics that have been postponed to 2021 due to the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan April 14, 2021. Image: Reuters The Rainbow Bridge and Tokyo Tower are illuminated with Olympic colours to mark 100 days countdown to the Tokyo 2020 Olympics that have been postponed to 2021 due to the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan April 14, 2021. The International Boxing Association will not be in charge of the boxing competition at the Paris 2024 Olympics or qualifiers for those games, the IOC said on Friday. The IOC had stripped the IBA in 2019 of its involvement in last year’s Tokyo Olympics due to governance, finance, refereeing and ethical issues. The sport was also not included in the initial programme for the 2028 Los Angeles Games. "(The decision) follows the continuing and very concerning issues of the IBA, such as its governance and its refereeing and judging system, the Olympic body said in a statement after an executive board meeting. "The various IOC concerns around the governance of the IBA, including the refereeing and judging process and its financial dependency on the state-owned company Gazprom, are still ongoing. The Russian energy company is the biggest sponsor of the IBA, formerly known as AIBA. IBA President Umar Kremlev, a Russian businessman, was re-elected unopposed following the disqualification of his only opponent, Boris van der Vorst, two days before the vote in Istanbul on May 14. Van der Vorst, however, has since been vindicated by the Court of Arbitration for Sport which ruled he was wrongly prevented from taking part in last month’s presidential vote, adding to the governance turmoil within the body. IBA also had to overhaul refereeing following the Rio de Janeiro 2016 Olympic

Sars wins R71.5m tax case against Capitec at Supreme Court

Cape Town - The South African Revenue Service (Sars) has won its long-running legal war against Capitec Bank, with the Supreme Court of Appeal (SCA) validating its appeal against a judgment handed down by Acting Judge Frederick Sievers of the Cape Town Tax Court. The ruling by the SCA means that Sars can now prevent Capitec Bank from claiming back a R71.5 million VAT return from November 2017. On February 15, 2018, Sars issued a VAT assessment disallowing the R71.5 million claimed by Capitec as a tax deduction in its November 2017 VAT return on the basis that it did not qualify for a deduction in terms of the VAT Act. Additionally, Sars also levied a 10% late payment penalty for the resultant understatement of Capitec’s VAT liability. The Tax Court judgment had ruled that Capitec was entitled to deduct the amount from its VAT liability by virtue of the VAT Act and had directed Sars to refund Capitec with interest at the prescribed rate from the date of payment to the date of refund. It was this ruling that Sars appealed and won, with the SCA judgment pointing out that the tax collector had been correct all along. The input tax deduction that Capitec claimed relates to its unsecured lending business, in terms of which Capitec advances credit in the form of personal loans to customers under term loan contracts. In terms of a clause in a standard loan contract entered into between Capitec and its customers, Capitec provided its customers with loan cover, the proceeds of which were applied to settle or reduce the outstanding loan amount due to Capitec in the event of the customer’s death or retrenchment. The loan cover was underwritten by Guardrisk Life Limited, to whom Capitec paid premiums. Before that, the loan cover was underwritten by Channel Life Insurance Limited. Under the insurance policies, Capitec is the insured and becomes entitled to the benefits if the loan is not repaid on account of the death or retrenchment of the borrower. In essence, the loan cover was insuranc

DA in KZN condemns attack on the party's eThekwini councillor - Breaking news, special reports, world, business, sport cover

Image: SABC NEWS DA logo The Democratic Alliance (DA) in KwaZulu-Natal has condemned an attack on the home of one of its eThekwini councillors. DA provincial leader Francois Rodgers says four shots hit the house of councillor Pearl Msomi. Rodgers says Msomi has been receiving death threats over the past months. "What makes this situation even more disturbing is the fact that this is not the first incident involving this DA councillor. The councillor has over the last few months been receiving death threats and just recently a bullet was neatly placed at her front door. In the incident involving the cartridge being placed at the councillors front of the house. KZN has a horrific record of the murder of councillors, hence the commission of the Moerane investigation into political killings in the province. This report, and its many yet to be implemented recommendations remains in the hands of the Premier of KZN, Sihle Zikalala. The DA calls upon the Premier to intervene in this matter.

Stormers

Fraud charges laid against WP RugbyFormer commercial partner Aerios has filed criminal charges against WP Rugby’s board of directors. Investment company Remgro, which had a 24.9% stake-holding in WP Rugby before withdrawing in August, has two board members included, as they were part of the board when WP Rugby was liquidated last December. Remgro CEO Jannie Durand told Sport24 that Aerios’ allegations were ‘unfounded’. ALSO READ: WP, Remgro part ways… Read more

AmaZulu Royal Family set to perform cleansing ceremony this weekend - Breaking news, special reports, world, business, sport

AmaZulu Royal Family set to perform cleansing ceremony this weekend 24 June 2022, 2:55 PM | File Photo: The late King Goodwill Zwelithini kaBhekuzulu addressing an event Image: Reuters File Photo: The late King Goodwill Zwelithini kaBhekuzulu addressing an event The ceremony is traditionally performed to mark the end of the mourning period. The AmaZulu Traditional Prime Minister Prince Mangosuthu Buthelezi earlier announced plans to hold the cleansing ceremony this weekend. He says these were the instructions of the appointed monarch, King Misuzulu kaZwelithini. Buthelezi says the cleansing ceremony has to be led by the heir. University of KwaZulu-Natal African Languages Professor Sihawukele Ngubane explains the importance of the cleansing ceremony. "Ihlambo is an African indigenous cleansing ceremony and it is also a process of healing and in a way it is therapeutic to the people who have lost their loved one. It also marks the end of mourning. It can be associated with the unveiling in the Christian community which also occurs after a year of passing of the head of the family. It is very important because the African people believe that there is after life once a person is buried and his spirit is brought back home. The significance of ihlambo is to bring back his spirit to look after the family, says Ngubane. AmaZulu Royal family woes The woes of the AmaZulu Royal family are far from over. Senior members of the family, who are aggrieved by the appointment of King Misuzulu kaZwelithini, have reaffirmed their intention to reverse his appointment. They’ve reiterated claims they were not consulted on his appointment and that it was marred with political interference. King Misuzulu kaZwelithini was certified by President Cyril Ramaphosa as the new king of the AmaZulu, following the passing his father, King Zwelithini KaBhekuzulu, last year. Meanwhile, the confirmation of this ceremony by the AmaZulu Traditional Prime Minister, Prince Mangosuthu Buthelezi, has angered some members of t

Fashion label Ami nods to Paris for its latest show - Breaking news, special reports, world, business, sport coverage of all

Fashion label Ami nods to Paris for its latest show 24 June 2022, 3:07 PM | Reuters | @SABCNews A model presents a creation by designer Alexandre Mattiussi as part of his Men's Spring/Summer 2023 collection show for Ami brand during Men's Fashion Week in Paris, France, June 23, 2022. Image: Reuters A model presents a creation by designer Alexandre Mattiussi as part of his Men's Spring/Summer 2023 collection show for Ami brand during Men's Fashion Week in Paris, France, June 23, 2022. Micro shorts, thigh-high boots, marinières and oversized coats took to the runway at Ami women’s and men’s fashion show on Thursday at the foot of Sacre-Coeur Basilica, as the French label sought inspiration in classic Parisian chic with a daring twist. Audrey Tautou, star of "Amelie, opened the spring-summer show in the perfect attire of the Parisian woman: a timeless cream trench coat, a simple shirt and white pants. Designer Alexandre Mattiussi put blazers atop not totally unbuttoned shirts and added a bubble-gum-pink coat to a simple pair of beige pants. For the more festive look, one model shimmered in black sequin pants with matching bikini top while another paraded in a see-through A-line dress. Skirts were mini, pleated or done in blue Vichy pattern, and slung low. In pairing sneakers, joggers and leather jackets, Ami stuck to its relaxed approach to fashion. One of the highlights of Ami’s show was the final outfit, worn by 1990s supermodel Kristen McMenamy in a totally red look. A long list of famous personalities came to see the show, including models Naomi Campbell, Carla Bruni, actress Catherine Deneuve, filmmaker Xavier Dolan and actor Angus Cloud, best known for his breakthrough role in TV show "Euphoria. The Paris fashion season, following on from Milan, marks the final leg of the catwalk cycle that will establish the trends for next season. Share article

Northam granted limited rights to intervene in Implats-RBPlat merger hearing

The Competition Tribunal yesterday said that it had granted Northam Platinum the limited right to participate in the merger proceedings involving Impala Platinum (Implats) and Royal Bafokeng Platinum (RBPlat). This as Northam tries to fend off a takeover by its rival Implats of RBPlat. Northam has since grown its RBPlat stake to roughly 35 percent. In a statement, the Tribunal said Northam’s participation in the merger proceedings would be limited to making written and oral submissions on two potential theories of harm. The first theory was the vertical effects of the proposed merger, including the effect on competition in the local upstream market for the production and sale of primary concentrate. The second was the extent to which the merger effects could be prejudicial to junior miners in South Africa. “In terms of the Tribunal’s order, Northam's independent legal representatives and economic advisers are granted access to the confidential version of the Commission’s merger recommendations, subject to certain confidentiality undertakings,” the Tribunal said. Implats spokesperson Johan Theron said the company welcomed the decision made by the Tribunal as Northam was granted limited rights. “They were granted rights to two issues, which they were only given two weeks to submit, we obviously welcome that,” he said. Business Report could not reach Northam and RBPlats for comment. This follows Northam Platinum launching an application to the Tribunal to intervene in the approval process for Implat’s acquisition of its stake. During the Tribunal arguments, Northam said the Tribunal should be concerned when the most promising junior exited the market raising the issue of competition. There would be a permanent structural change to the relevant markets that this transaction would bring about, it alleged. Both Implats and RBPlat opposed Northam’s intervention application, which the Tribunal heard earlier this month. Implats has defended

Technical Business Analyst (CH807) at Capital H Staffing and Advisory Solutions

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Insurers increasingly reluctant to underwrite logistics

Insurers increasingly reluctant to underwrite logistics57 minutes ago - by Eugene GoddardE-mailPrintYet more information has emerged showing how the criminal cesspit that South Africa has become under the corrupt rule of the African National Congress, is undermining the cost and hoped-for efficiency of logistics serving the sub-Saharan region.In insurance terms alone, one only need to think of the havoc that supporters of Jacob Zuma unleashed last year, looting and burning their way through warehouses and trucks on the N3, to consider the escalating cost ramifications for the supply chain sector.All the more reason then, that a warrant of arrest for inciting violence should’ve been issued for Duduzile Zuma-Sambudla, daughter of the disgraced former president, when she suggested that the violence perpetrated in her father’s ‘honour’ should be ‘commemorated’ with more mayhem.It is against this backdrop of a criminal elite from KwaZulu Natal that is allowed to hold sway, and the lawlessness that takes its cue from a Cabinet known more for graft than governing, that insurers are ever more reluctant to underwrite logistics.Recently, it was reported that Massyn Vervoer, a 40-year-old stalwart of the industry, had decided to call it quits *.One of the reasons provided for the transporter’s closure is the exorbitantly spiralling cost of insurance â€" if you can get it.More sentiments of this nature came to the fore recently when Samantha Boyd, Chief Executive of Specialty Insurance at Old Mutual Insure, said the amount of table grapes taking longer and longer to be exported was directly inverse to the decreasing amount of insurance still available to safeguard shippers against perishables rotting at the Port of Durban **.This morning, a cross-border minerals carrier whose name is known to Freight News, said its legal department had confirmed that insurance premiums had gone up with the theft of copper outflows from the mines of Zambia and the De

Wimbledon draw: Emma Raducanu gets tricky opener and could face Ons Jabeur in the quarter-final

Emma Raducanu has been handed a tough first-round match in the 2022 Wimbledon draw as she will take on Alison van Uytvanck first up at SW19 while she could face the in-form Ons Jabeur in the quarter-final.US Open champion Raducanu, who reached the fourth round on her Wimbledon main draw debut last year, is seeded 10th and finds herself in Section 5 in the bottom half of the draw.World No 46 Van Uytvanck, who won the WTA 125K in Gaiba, Italy, a fortnight ago is penciled in first up and if Raducanu gets through that encounter then there could be an all-British second-round clash on the cards if wildcard Yuriko Miyazaki gets past Caroline Garcia.The winner of that section, which also contains seventh seed Danielle Collins from the United States, will meet the winner of Section 6 with third seed Jabeur the highest-ranked player.British Ladies' @Wimbledon singles draw@EmmaRaducanu van Uytvanck @harriet_dart Masarova @HeatherWatson92 Korpatsch @katiecboulter Burel @jodieburrage TsurenkoLily Miyazki C Garcia @Katieswan99 KostyukSonay Kartal Kovinic#BackTheBritsâ€" LTA (@the_LTA) June 24, 2022Play Your Way To WimbledonNovak Djokovic is the Wimbledon favouriteSerena Williams is backTim Henman's Wimbledon previewTim Henman on Emma RaducanuTunisian Jabeur, who won the Berlina Open last week, faces qualifier Mirjam Björklund from Sweden in the first round with 15th seed and former Wimbledon champion Angelique Kerber the projected fourth-round opponent.Section 7 of the bottom half is led by fifth seed Maria Sakkari, who is projected to meet former French Open champion Jelena Ostapenko in the fourth round.Second seed Anett Kontaveit, who will take on Bernarda Pera from the United States in her first round encounter, is likely to meet Sakkari in the quarter-final with that winner likely to face either Jabeur or Raducanu in the semi-final.Ladies' Singles â€" Projected Quarter-finalsSwiatek vs PegulaBadosa vs PliskovaCollins vs JabeurSakkari vs Kontaveit#Wimbledonâ€" Wimbledon (@Wimbledon) June

5 APPS SA YOUTH CAN USE TO TRACK AND SAVE THEIR MONEY

Tech-savvy Gen Z and millennials â€" unafraid of having their entire lives in a small black box called a smartphone â€" are using this knowledge to take control of their savings and investment destinies.Unlike the older generations, the youth are downloading easy-to-use apps as a smart way to keep track of their money while ensuring necessary financial information is one click away.Here are five apps that young people are using to track their money:1. Spend TrackerThe Spending Tracker app is available on the Apple App Store, Google Play Store, Amazon App Store and the Windows Store.The app allows users to track their income and expenses giving them full control of their finances.WEALTH5 financial safety net tips to protect yourself from life’s mishapsApp features:Overview of spending where people can see where the majority of their money has gone toInteractive finance reportsPeople can choose to track their money over different periods including yearly, monthly or weekly.2. 22SevenA free budgeting and investing app developed by Old Mutual, 22Seven helps people track their spending across all accounts.People can create a personal or business profile on the app and the app is open to everyone to make use of, not only the bank’s clients.With the app, people link bank accounts, credit and store cards, investments and loans.App features:Creates budgets based on your spending.Helps you invest your money.Assist you in meeting your financial goals.3. WalletWallet is a free app that acts like a personal finance manager by allowing users to track their finances, get weekly spending reports and even plan their shopping.App features:A blog that offers people advice on their finances.Bank accounts can be synced with the app to track transactions.Budgets that can help users plan and save money.4. iSaveMoneyThe iSaveMoney app is a free app that people can use to create a budget, organise their income and track their expenses.The app works on both smartphone and tablet Android devices.

ANC in Gauteng to allow 5 branches from Ekurhuleni to participate in the provincial conference - Breaking news, special repo

ANC in Gauteng to allow 5 branches from Ekurhuleni to participate in the provincial conference 24 June 2022, 4:51 PM | Inside the venue for the ANC Gauteng elective conference Image: ANC Gauteng Facebook Inside the venue for the ANC Gauteng elective conference The Gauteng African National Congress Executive Committee has decided to allow the five branches from Ekurhuleni Region to participate in the conference set to begin in Benoni, Johannesburg, on Friday. Ekurhuleni also has 19 quarantined votes, where Mzwandile Masina was provisionally elected as the regional Chairperson at a conference last month. Provincial Secretary of the ANC Jacob Khawe says the PEC has agreed to allow them into the conference, but their votes will be quarantined and the matter of Ekurhuleni will be attended to by the PEC in due course. This has seen the 14th Gauteng elective conference delayed for several hours, as the PEC was in discussions on the way forward on the matter. Khawe says there’s nothing more that can further delay the resumption of the conference. "The conference should ago ahead and these branches be allowed to participate in the conference, as all other delegates and vote like any other delegate. However, until you conclude their issue, you should quarantine their votes. So that’s the decision of the PEC, says Khawe. Security Security has been beefed up in and around The Lakes Hotel in Benoni, east of Johannesburg at the venue of the provincial elective conference. Police have been deployed in their numbers, checking every car entering the hotel, ahead of the start of this much anticipated conference. PEC members, Lebogang Maile and Panyaza Lesufi are contesting for the position of Provincial Chairperson. Khawe says the issue of security is part of the SAPS public order policing and there’s nothing untoward. "In many conferences, the disruptions are done by friends of delegates. People who are not supposed to be in the conference. People who come drunk and armed. And based on

Serious headache for Mampintsha as he is forced to choose between his mom & Babes Wodumo

Musician, Mandla “Mampintsha” Maphumulo, is caught between a rock and a hard place. This is because the two women in his life, his wife, Bongekile “Babes Wodumo” Simelane, and his mother, Zama Gumede, are fighting for his attention. On Tuesday, 21 June Mampintsha spoke for the first time on UKhozi FM’s Vuka Breakfast Show about how the fight between his wife and his mum gives him a headache. “I love both of them, but they don’t get along. This is giving me stress and I don’t know how to deal with it,” revealed Mampintsha. On Saturday, 18 June Babes shared a WhatsApp status which read: “Ingakho umamezala ngingamthandi, ilamasimba awenzayo. Nxa lo mama une drama (this is why I don’t like my mother-in-law. She’s doing s**t and is full of drama). Mampintsha told the station he is hurt by the insults levelled at his mother. It wasn’t the first time she insulted my mother and every time she does that, it hurts me. I love Babes, but I can never encourage her to insult my mother. “I’ve warned Babes many times to stop insulting my mum. I’ve been warning her that my mother is off-limits. Unfortunately, I cannot control her actions and I’m not going to defend her on this one. She must take accountability for her actions.” Zama said Babes was the source of trouble in her home. “Everything was fine until she was formally introduced to us. We used to live in peace and harmony. Mampintsha used to support us, but now neglects us,” Zama said. “He knows I only survive on pension but he no longer buys me food. My main complaint right now is the payment for his reality show. Mampintsha will always be my son. I don’t hate him. I want my money from seasons one and two. Then, he can leave us alone.” But Mampintsha said his mum must support him no matter what. “This is my show, my hustle. The reason she’s not getting money is because I don’t get

South Africa faces a ‘frightening’ month - but it will get better: Nedbank

South Africa faces a ‘frightening’ month â€" but it will get better: NedbankSteve Tillman 0 CommentsAfter this week’s CPI figures surprised towards the upside, Nedbank now forecasts that South Africa’s inflation is forecast to increase to over 7% in June.In a research note on Wednesday (22 June), the bank noted that petrol prices rose by more than 10% month-on-month in June. On top of this, June is a heavy survey month, including owners’ equivalent rent, actual rentals, taxi, train, and bus fares, motor vehicle insurance, and domestic workers’ wages.“Relatively hefty increases are expected in owners’ equivalent rent and actual rentals due to the 50-basis-points hike in interest rates in May, while transport fares are also likely to increase significantly to compensate for the surge in fuel prices.“June’s headline figure, however frightening, is forecast to be the peak in the inflation cycle. Thereafter, inflation should start to ease off the higher base established in the second half of last year. However, the upside risks remain considerable,” the bank said.It added that tentative signs of some easing in global oil and food prices emerged over the past two months.“The Brent crude oil price moderated slightly over the past week, but world supply remains tight, and the lifting of Covid restrictions in China will likely intensify these strains.“In addition, domestic fuel prices will be lifted by the phasing in of the full fuel levy in July and August. International food prices also eased somewhat over April and May, while global supply chain bottlenecks receded slightly since China relaxed Covid restrictions on Shanghai and other manufacturing and transport hubs.”Rate hikes South Africa’s surprise inflation figures of 6.5% this week, alongside continued interest rate hikes in the US, point to a 75 basis point interest rate hike in July, says BNP Paribas senior economist Jeff Schultz.â

Champions Youth Economic Development Through Mining

Press Release • 24 Jun 2022EXXARO CHAMPIONS INCLUSIVE AND INNOVATIVE ECONOMIC DEVELOPMENT IN MINING THROUGH YOUTH EMPOWERMENTAccording to Statistics South Africa (StatsSA) - unemployment statistics have remained high at 34.5% in the first quarter of 2022 and youth unemployment statistics have reached a staggering 63.9%. To address this economic crisis, it is imperative that the public and private sectors collaborate to foster inclusive youth empowerment initiatives â€" taking into consideration the racialised nature of South Africa’s historical and prevailing systems of inequality.And with June being Youth Month in South Africa, this allows the country to not only commemorate the June 16, 1976, Soweto Uprisings, but it is also a reminder of the role the youth play in defining the economic state of our future as a country.Exxaro believes that the mining sector plays an important role in pioneering economic prosperity and stability throughout the country. The diversified mining and renewable energy solutions company is guided by its Sustainable Growth and Impact (SG&I) strategy which upholds that innovative problem-solving must occur through all levels of the organisation.“Based on current socio-economic and technological realities, change is inevitable. With the rampant youth unemployment plaguing our country, our innovative processes require integration of the youth in the mining sector through skills development and employment opportunities to guarantee economic prosperity,” says Vanisha Balgobind, Executive Head of Human Resources at Exxaro.“It is the private sector that has the ability to unlock the solutions to some of the major challenges in our country. We believe in empowering our young employees and those in our communities through various initiatives that also encourage digital innovation,” Balgobind explains.While great strides to educate and upskill the youth have been made, Exxaro continues to empower young people through digital in

PIK - PICK N PAY STORES LIMITED - No Change Statement and Notice of Annual General Meeting - 24/06/2022

PICKNPAY:   5,833    +149 (+2.62%)  24/06/2022 17:18PICK N PAY STORES LIMITED - No Change Statement and Notice of Annual General MeetingRelease Date: 24/06/2022 16:35Code(s): PIK      PDF:  Wrap TextNo Change Statement and Notice of Annual General Meeting PICK N PAY STORES LIMITED (the Company) Registration Number 1968/008034/06 ISIN: ZAE000005443 JSE Share Code: PIK (Pick n Pay) NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING NO CHANGE STATEMENT Shareholders are advised that the 2022 Integrated Annual Report, Corporate Governance Report are now available on our website, www.picknpayinvestor.co.za, together with the audited Company and Group annual financial statements for the 52 weeks ended 27 February 2022. The annual financial statements contain no modifications to the summarised audited Group annual financial statements that were published on 17 May 2022. The remuneration report can be found in both the Integrated Annual Report and the Corporate Governance Report on the website. In addition, the ESG Performance Summary and Databook will be available on our website by close of business on 24 June 2022. The unqualified audit report of Ernst & Young Inc. is presented in the 2022 audited annual financial statements and is available for inspection at the registered office of the Company. NOTICE OF THE ANNUAL GENERAL MEETING The 54th annual general meeting of Pick n Pay will be held on Tuesday, 26 July 2022 at 08:30 to transact business as stated in the notice of annual general meeting. The annual general meeting will be conducted entirely by electronic communication. The record date to vote and participate in the meeting is Friday, 15 July 2022 and accordingly the last day to trade to be eligible to vote and participate at the annual general meeting is Tuesday, 12 July 2022. The notice and proxy of the annual general meeting will be posted to shareholders on 28 June 2022, together with the summarised audited Group annual financial

Iron-ore output poised to grow globally up to 2030

Research agency Fitch Solutions Country Risk & Industry Research believes global iron-ore production is likely to accelerate between 2022 and 2026, after stagnating somewhat over the past five years. The agency forecasts global iron-ore mine output to grow by an average 2.7% over the period, compared with a -1.3% growth rate over 2017 to 2021. This would lift yearly production by 361-million tonnes by 2026, compared with 2022 levels. The agency says supply growth will be driven by Brazil and Australia, since Vale, in Brazil, has made aggressive expansion commitments, while BHP Billiton, Rio Tinto and Fortescue, in Australia, plan on using currently buoyant profits to increase production. In China, iron-ore production will rise once again in the next three to four years as the country works to increase its self-sufficiency and reduce reliance on Australian iron-ore imports. However, as Chinese miners operate at the higher end of the iron-ore cost curve and the domestic ore grades continue to decline, Fitch Solutions expects Chinese companies to prioritise investment in overseas iron-ore mines, including the Simandou deposit, in Guinea. Looking ahead, Fitch Solutions expects lower prices to eventually drag on production growth rates. It forecasts a yearly iron-ore production growth rate average of 1.1% over 2026 to 2030. The agency is confident that iron-ore output levels will stagnate by the end of the decade. REGIONS Fitch forecasts iron-ore production in Australia to grow at an average yearly rate of 0.4% between 2022 and 2026. The significant slowdown compared with the previous five years comes from the launch of the limited new sources of supply from new projects. This would lift yearly output by just 19.3-million tonnes in 2026 compared with 2022 levels. “We believe Australia's seating at the lowest-end of the global iron-ore cost curve will provide a healthy buffer against falling prices in the coming years despite the slowdown. “On average, the cost of producing iron-ore

GBCSA piloting industrial property rating tool development, calls for data from industry

Sustainable building industry organisation the Green Building Council of South Africa (GBCSA) has developed a customised pilot version of its Existing Building Performance (EBP) Tool to enable industrial properties to rate their buildings' performance according its Green Star Certification and ratings. Sustainable built environment consultancies Sow & Reap Consulting and Imbue Sustainability customised the commercial EBP tool for an industrial context, and the pilot tool represents significant collaboration across the broader property industry, said GBCSA head of technical Georgina Smit in a briefing on June 24. "The GBCSA has had developing an industrial property ratings tool on our radar for a while and we needed to do this update. The overall aim is to support a fundamental transformation in the existing building performance space," she said. The existing EBP tool for commercial buildings had been used to rate four projects and, through these, the GBCSA gained insights and recognised the growing demand from the industrial market sector. The pilot tool has been developed at the right time and in response to market needs, she added. "This is an update to the existing GBCSA EBP tool, not a new tool, and the aim was to identify nuances within industrial properties to enable us to realign the tool to better address industrial property typologies," she explained. Using requests for information, the organisation used data from 16 projects at industrial properties to develop the customised tool, but Imbue Sustainability founder and director Simon Penso noted that there were still some gaps in terms of data, and that the team wants to secure more data to support continuous refinement of benchmarks and the ratings tool. GBCSA technical manager for EBP certifications Jenni Lombard said the GBCSA was open to other pilot projects, as more information and data would enable the organisation and its partners to identify whether what has been put forward in the tool is accurate and what parts need to be

VOD - VODACOM GROUP LIMITED - CANCELLATION OF S462326 Allocation of forfeitable shares - 24/06/2022

VODACOM:   13,511    +186 (+1.40%)  24/06/2022 17:19VODACOM GROUP LIMITED - CANCELLATION OF S462326 Allocation of forfeitable sharesRelease Date: 24/06/2022 16:48Code(s): VODWrap TextCANCELLATION OF S462326 Allocation of forfeitable shares Vodacom Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/005461/06) (ISIN: ZAE000132577 Share code: VOD) (ISIN: 0592858D2009 ADR code: VDMCY) ("Vodacom Group" or “the company”) Allocation of forfeitable shares In accordance with paragraph 3.63 of the JSE Listings Requirements, shareholders are advised that the following executive directors and company secretary of Vodacom Group and directors and company secretary of Vodacom (Pty) Limited were awarded shares in terms of the company’s forfeitable share plan, the salient details of which are set out below. Name of executive director: MS Aziz Joosub Designation: Chief Executive Officer Number of forfeitable shares awarded: 200 688 Vodacom Group shares of which 100% is subject to performance conditions Price at which shares were awarded: R145.0823 Value: R29 116 335.94 Date of award: 17 June 2022 Vesting period: 3 years from award date Nature of transaction: Direct beneficial Clearance: Yes Name of executive director: RK Morathi Designation: Chief Financial Officer Number of forfeitable shares awarded: 135 039 Vodacom Group shares of which 100% is subject to performance conditions Price at which shares were awarded: R145.0823 Value: R19 591 875.00 Date of award: 17 June 2022 Vesting period:

5 apps SA youth can use to track and save their money - Entertainment SA Samusic - South African's Music Download & Entertai

June 24, 2022 admin CELEBRITIES , LIFESTYLE 0xTech-savvy Gen Z and millennials â€" unafraid of having their entire lives in a small black box called a smartphone â€" are using this knowledge to take control of their savings and investment destinies.Unlike the older generations, the youth are downloading easy-to-use apps as a smart way to keep track of their money while ensuring necessary financial information is one click away.Here are five apps that young people are using to track their money:1. Spend TrackerThe Spending Tracker app is available on the Apple App Store, Google Play Store, Amazon App Store and the Windows Store.The app allows users to track their income and expenses giving them full control of their finances.People can choose to track their money over different periods including yearly, monthly or weekly.2. 22SevenA free budgeting and investing app developed by Old Mutual, 22Seven helps people track their spending across all accounts.People can create a personal or business profile on the app and the app is open to everyone to make use of, not only the bank’s clients.With the app, people link bank accounts, credit and store cards, investments and loans.App features:Creates budgets based on your spending.Helps you invest your money.Assist you in meeting your financial goals.3. WalletWallet is a free app that acts like a personal finance manager by allowing users to track their finances, get weekly spending reports and even plan their shopping.App features:A blog that offers people advice on their finances.Bank accounts can be synced with the app to track transactions.Budgets that can help users plan and save money.4. iSaveMoneyThe iSaveMoney app is a free app that people can use to  create a budget , organise their income and track their expenses.The app works on both smartphone and tablet Android devices. People can use the free version or pay to access the premium version of the app.App features:Financial data can be synced and backed up on Google Dri

SSW - SIBANYE STILLWATER LIMITED - Update on the impact of regional flooding on the US PGM operations - 24/06/2022

SIBANYE-S:   4,170    -51 (-1.21%)  24/06/2022 15:56SIBANYE STILLWATER LIMITED - Update on the impact of regional flooding on the US PGM operationsRelease Date: 24/06/2022 15:23Code(s): SSW      PDF:  Wrap TextUpdate on the impact of regional flooding on the US PGM operations Sibanye Stillwater Limited Incorporated in the Republic of South Africa Registration number 2014/243852/06 Share codes: SSW (JSE) and SBSW (NYSE) ISIN â€" ZAE000259701 Issuer code: SSW (“Sibanye-Stillwater” or “the Group” or “the Company”) Website: www.sibanyestillwater.com Update on the impact of regional flooding on the US PGM operations Johannesburg, 24 June 2022. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) wishes to update stakeholders on the impact of the regional floods which, on Monday 13 June 2022, affected a widespread region surrounding its US PGM operations in Montana, USA. Following initial assessment of the impact of the flooding on our US PGM operations, we are pleased to report that despite widespread damage to infrastructure and personal property across the region, our mining and metallurgical operations were largely unaffected. Several bridges in the vicinity of our Stillwater mine were however damaged during the flooding and sections of the primary access road from Nye to the Stillwater mine have been severely eroded, restricting access to the mine and requiring rerouting of water, tailings and other piping. Remediation work on the east/west access bridge within the Stillwater mine complex has begun and should be completed in approximately four weeks. It is estimated that operations at the Stillwater mine will remain suspended for approximately 4-6 weeks before safe access to the mine is restored and production can resume. Management continues to engage with all relevant authorities and affected stakeholders to prioritise the repair of the damaged bridges and roads and to remediate the impact of flooding of t

Crypto firm Harmony hit by $100 million heist raising more questions over DeFi security

Thieves stole around $100 million (€95 million) worth of cryptocurrency from Horizon, a blockchain bridge developed by US crypto start-up Harmony, the latest in a string of cyber heists on a sector long targeted by hackers, the company said on Friday.Harmony develops blockchains for so-called decentralised finance - peer-to-peer sites that offer loans and other services without the traditional gatekeepers such as banks - and non-fungible tokens.The California-based company said the heist hit its Horizon "bridge," a tool for transferring crypto between different blockchains - the underlying software used by digital tokens such as bitcoin and ether.Thefts have long plagued companies in the crypto sector, with blockchain bridges increasingly targeted. Over $1 billion (€950 million) has been stolen from bridges so far in 2022, according to London-based blockchain analytics firm Elliptic.A bridge is a protocol that allows users to "bridge" or move assets such as cryptocurrencies, tokens and NFTs across different blockchains. It works by locking a transaction.A bridge hack is when a vulnerability is identified and exploited within the bridge contract connecting the two different blockchains.Crypto holders do not usually operate within just one blockchain ecosystem and so developers have created bridges to fill this void.Harmony tweeted that it was "working with national authorities and forensic specialists to identify the culprit and retrieve the stolen funds," without giving further details.It did not immediately respond to requests for comment sent via email and social media.Elliptic, which tracks publicly visible blockchain data, said the hackers stole a number of different cryptocurrencies from Harmony, including ether, Tether, and USD Coin, which they later swapped for ether using so-called decentralised exchanges.In March, hackers stole around $615 million (€584 million) worth of cryptocurrency from Ronin Bridge, used to transfer crypto in and out of the game Axie Infi

QLT - QUILTER PLC - TR -1: Standard form for notification of major holdings - 24/06/2022

QUILTER:   2,142    +30 (+1.42%)  24/06/2022 17:19QUILTER PLC - TR-1: Standard form for notification of major holdingsRelease Date: 24/06/2022 16:30Code(s): QLT      PDF:  Wrap TextTR-1: Standard form for notification of major holdings QUILTER PLC (Incorporated under the Companies Act 1985 with registered number 06404270 and re-regis- tered as a public limited company under the Companies Act 2006) ISIN CODE: GB00BDCXV269 JSE SHARE CODE: QLT Quilter plc (the "Company") TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- Quilter Plc tachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an “X”) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights X Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name Old Mutual Limited (and subsidiaries) City and country of registered office (if applicable) Johannesburg, South Africa 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 22/06/2022 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 24/06/2022 7. Total positions of person(s) subject to the notification obligation

BUSINESS SECTOR ADVISED TO PRE-TREAT ITS EFFLUENT WATER - City of

BUSINESS SECTOR ADVISED TO PRE-TREAT ITS EFFLUENT WATER Jun 24, 2022 35 Industries must adhere to special requirements for effluent discharge by having adequate facilities for effluent management such as effluent plants, tanks, catch-pits and separators. This was the message shared to the business sector present at the City Meets Business engagement held on Friday, 24 June, at Victoria Hall in Germiston. During the keynote address the MMC for Water, Sanitation and Energy Cllr Senzi Sibeko said, "Wastewater is a major cause of pollution. Thus, treatment is a very important process because without water treatment plants we would not have the capacity to get clean water for households and industries that are dependent on water for their business. Industry leaders were advised to look into pretreatment plans before discarding their effluent water to avoid penalties. This can be done by obtaining a permit granting industries permission to discharge industrial effluent. The MMC further stated that the City Meets Business engagement is one of the city’s platforms to create access for the business sector to create a partnership that seeks to address challenges faced by effluent treatment industries. Thus, industries are encouraged to contact the city’s officials who conduct inspections of premises and effluent treatment processes. Doing so will assist companies to avoid penalties and will be guided on how to comply with the city’s by-laws. Companies whose permits have expired or need to apply for new permits can call the water quality managers: For customers in Nigel, Springs, Benoni, Brakpan, Kempton Park and Olifantsfontein: Annamarie Maurizi on 011 999 8736 or Annamarie.maurizi@ekurhuleni.gov.za For customers in Alberton, Germiston, Boksburg and Edenvale: Smuts Marais on 011 999 2630 or Smuts.marais@ekurhuleni.gov.za .

Sibanye's Stillwater mine suspended for 4-6 weeks

The Stillwater mine, in Montana, will remain suspended for four to six weeks to allow for access to the mine to be restored following recent flooding, precious metals miner Sibanye-Stillwater reported on Friday. The Stillwater mine accounts for about 60% of mined production from the group's US platinum-group metals (PGM) operations. The June 13 floods in Montana affected a widespread region surrounding Sibanye-Stillwater’s mines. The company’s mining and metallurgical operations were largely unaffected, but several bridges and roads in the vicinity of the Stillwater mine had been damaged, restricting access to the mine and requiring rerouting of water, tailings and other piping. Remediation work on the east/west access bridge within the Stillwater mine complex has begun and should be completed in about four weeks, Sibanye said. Access to the East Boulder mine and Columbus metallurgical facilities remains intact and both facilities continued operating during the flooding events. “We have been encouraged by the positive response to the flooding by the entire community and are proud of the key role our employees have played in supporting those worst affected during this difficult period. We will continue to work with the local authorities and other stakeholders to fast-track the recovery of the region and look forward to resuming operations at the Stillwater section in due course,” said CEO Neal Froneman.

Djokovic eyes redemption at Wimbledon amid tempestuous season - Breaking news, special reports, world, business, sport cover

Djokovic eyes redemption at Wimbledon amid tempestuous season 24 June 2022, 4:19 PM | London, Britain - June 22, 2022 Serbia's Novak Djokovic during practice Image: Reuters London, Britain - June 22, 2022 Serbia's Novak Djokovic during practice The season has not panned out as Novak Djokovic would have envisaged back in January but the former world number one will hope to find redemption at Wimbledon as he looks to defend his crown and close in on Rafael Nadal’s 22 Grand Slam titles. The 35-year-old Serb has won the last three editions of Wimbledon in 2018, 2019 and last year, with the 2020 tournament cancelled due to the COVID-19 pandemic. He was also on track for a rare calendar-year Grand Slam in 2021 after winning the first three majors, before losing to Russia’s Daniil Medvedev in the US Open final. Any hopes of a repeat performance this season were quickly dashed with his high-profile detention and deportation ahead of the Australian Open in January due to his refusal to be vaccinated against COVID-19. He then missed a string of U.S. tournaments for the same reason and only got serious match practice once the clay court season got under way in Europe. Winning in Rome was a much-needed confidence boost ahead of the French Open but he lost in the quarter-finals in Paris to subsequent winner Nadal. Djokovic, the favourite for Wimbledon, has 20 Grand Slam titles to his name, as many as Roger Federer, while Nadal, who went on to win his 14th title at Roland Garros, moved two ahead of them. Wimbledon has been extremely fertile hunting ground for Djokovic, who has won the title six times, second only to Federer (8) and Pete Sampras (7) for most wins there in the Open era. The tournament has been stripped of any ranking points by the men’s ATP and women’s WTA after its organisers decided to ban Russian and Belarussian players from participating in the wake of Moscow’s invasion of Ukraine. That will, however, matter little for Djokovic, even though he cannot

Hackers stole $100m worth of cryptos from Harmony's blockchain in another blow to digital assets

Hackers stole $100m worth of cryptos from Harmony's blockchain in another blow to digital assetsBusiness Insider USDeFi scams make up a majority of the fraud in cryptocurrency. Vladimir Kazakov/Getty ImagesHackers stole $100 million worth of cryptocurrencies from the Harmony blockchain on  Thursday.Harmony said in a tweet that it identified the hack early on Thursday morning.The theft is the latest blow to the digital asset sector amid market turbulence.For more stories go to www.BusinessInsider.co.za .Hackers stole $100 million worth of cryptocurrencies from the Harmony blockchain on Thursday, the company said on Twitter . The company said it was working with the FBI and "forensic specialists to identify the culprits and retrieve the stolen funds." Harmony said it had notified the Horizon bridge to stop further transactions. Harmony did not immediately respond to Insider's request for comment.Harmony is the protocol behind the crypto bridge Horizon, which allows the exchange of a broad ecosystem of tokens from blockchain to blockchain.Crypto bridges act as a sort-of intermediary that allows a variety of tokens to interact with one another, which is typicality difficult because networks like ethereum and bitcoin require their native tokens to process transactions on their ecosystems. But such bridges are vulnerable to thefts given the lack of clarity behind the inner workings of their technology and the anonymity of the teams behind them. Hackers have also targeted bridges as they are a central market place for a wide collection of coins. The Horizon hack is the third attack on a crypto bridge so far this year, bringing the total stolen to roughly $1 billion. Hackers previously targeted the Wormhole bridge for $300 million in February before stealing $620 million from the Ronin bridge in March.

Weekly Global COVID-19 Wrap: 24 June 2022 - Breaking news, special reports, world, business, sport coverage of all South Afr

Weekly Global COVID-19 Wrap: 24 June 2022 24 June 2022, 4:22 PM | Bongisipho Magcaba | @SABCNews The SABC News COVID-19 Global Wrap brings you highlights of news which dominated headlines with regards to the coronavirus pandemic. Image: Bongisipho Magcaba The SABC News COVID-19 Global Wrap brings you highlights of news which dominated headlines with regards to the coronavirus pandemic. In this week’s Global COVID-19 Wrap, SABC News captures highlights from all corners of the globe as the number of confirmed coronavirus infections continues to rise. Over 547 million cases have been recorded globally, with just over 522 million recoveries and over 6.3 million deaths to date. So far, Africa has recorded over 12.2 million coronavirus cases, with some 11.4 million recoveries and over 255 725 deaths. South Africa, on the other hand, has over 3.9 million confirmed cases, with 3 874 944 recoveries, and 101 704 deaths. Here are COVID-19 stories making headlines around the world: &lt;span data-mce-type="bookmark" style="display: inline-block; width: 0px; overflow: hidden; line-height: 0;" class="mce_SELRES_start"&gt;&lt;/span&gt; Share article

Top seeds receive favourable draws for Wimbledon

Top seeds receive favourable draws for Wimbledon   MORGAN PIEK 13:53 Fri, 24 Jun 2022Novak Djokovic - WimbledonThe top seeds have received favourable draws for Wimbledon in London. The draw for the 2022 grass-court Grand Slam was done at the All England Lawn Tennis Club on Friday morning.The number one seed and defending champion, Novak Djokovic, will play against Soonwoo Kwon of Korea in the first round of Wimbledon.In the second half of the men's singles draw, the 22-time Grand Slam champion, Rafael Nadal, will go