Posts tagged with 'government'

 

Yank your generator closer and grab those candles, chances are huge for #RollingBlackOuts tonight

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Eskom said in a statement that the power system was under severe pressure this morning and the power supplier is currently using diesel generators to meet electricity demand.

According to the statement, the maintenance of units was delayed, which meant that diesel generators had to run through the night.

“Although we have enough emergency reserves to replenish capacity during the day, we may need to put in load tonight to replenish diesel and water with our open-cycle gas turbines and pump storage schemes,” Eskom explains.

Unplanned power outages stood at 13 063 MW at 06:30. This is a bit more compared to Wednesday’s 12 620 MW.

The power provider is asking users to use electricity sparingly while haunting to get power outages below the 9,500 MW target.

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Embattled National Carrier gets R3.5bn lifeline from Development Bank

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SA Airways (SAA) has secured R3.5bn in funding from the Development Bank of Southern Africa.

“Discussions held with financial institutions have been fruitful,” joint SAA business rescue practitioners Les Matuson and Siviwe Dongwana said in a statement on Tuesday.

The business rescue practitioners, supported by the departments of public enterprises and National Treasury, obtained the funding needed to meet the short term liquidity requirements of the airline.

“Discussions held with financial institutions have been fruitful, with the DBSA offering to provide the next tranche of funding, for a total amount of R3.5bn, with an immediate drawdown of R2bn.

“Furthermore, funding for the restructuring phase after the [business rescue] plan is adopted is being considered by potential funders,” read the statement.

“The advancement of the funds comes on the back of the business rescue process which began on 5 December 2019, wit
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Farm attack: Victim strangled with scarf and genitals hacked with sharp object, Bapsfontein

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Farm attackers strangled a man with a scarf and hacked his genitals with a sharp object.

A bloodied Timothy Rademeyer, 51, and his partner, Dirkie Voges, 61, were found on their farm in the Welbekend area near Bapsfontein on Wednesday.

Voges could walk up to the farm road and call for help.

Candice Allison, a local paramedic, was one of the first people to rush to the farmhouse to help the couple.

Her cousin, Ian Jackson, was driving past the couple’s farm around 7:30 a.m. when he saw the bloodied Voges along the road.

He immediately rushed to Allison about 3 km and told her to help urgently.

A bloody scene greeted Allison.

A scarf with which the attackers strangled Rademeyer was so tightly knit that she had to cut it loose. One of his ribs was also presumably broken.

“He had ugly cuts to his head and arms. His private parts were also cut, ”says Allison.

I just know my dad got hurt a lot.<b
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Will SA consider nuclear power plants and will it be safe in the hands of a Third World country ruled by the ANC regime?

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It hangs on everyone’s lips: Will South Africa’s regime consider purchasing another nuclear power generation plant similar to the Koeberg plant.

South Africa is fast moving backwards and has long been no country with First World standards. With the regime’s latest efforts to light the lights, it is clear that there is so much pressure on the Ramaphosa government that they are in no way approaching one task after another and finding solutions.

Finance Minister Tito Mboweni was very busy at the Davos summit, but his busy time was only to kill fires over the Eskom scandal and the empty state coffers that lack the ability to borrow money to save SAL .

That raises the question of whether nuclear power plants are the answer to SA’s power supply, but experts believe the Koeberg power station is a prime example of First World equipment, and in fact can’t be safe in the hands of a Third World country.”

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Liquidation of Gupta company, Oakbay back on the table

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The Tegeta Exploration and Resources has again filed an application for liquidation from the Gupta company, Oakbay Investments.

The Tegeta institution has gone on a hunt for the R402 loan from the Gupta company, which has been in disarray in recent months.

Tegeta claims that the Guptas ‘family business’ Oakbay Investments, as an entity owes him R400m.

In the documents filed with the Johannesburg High Court, Tegeta argues that Oakbay is liquidated as he is not in a position to settle his debts.

The Guptas currently living in the Emirates have already been auctioned off in Johannesburg and sold to pay off outstanding debts, but attempts to get them extradited to SA have been unsuccessful until now.

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Future of SA is bleak after ANC-regime ruled a once model state into junk status and sh*thole

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It is clear that South Africa has become so fragile in the financial field that overall poverty, with the exception of a few wealthy people, will lead to the necessary change in governments.

Who will be the new rulers is currently a widely debated topic, but there is also the feeling that the ANC will remain in control at the national level.

The official opposition parties may form a government as a coalition, but in Africa it does not work, and such a merger will only provide temporary solutions.

However, it will not provide solutions that will bring South Africa back on the road to success, as none of the smaller parties has the strong leaders to protect the country from corruption, money laundering, murder, and dozens of other problems.

Whoever takes over from the ANC will do nothing better than today’s weak rulers.

The possibility of a homeland for the Boer-Afrikaner is the only way to set up a good government that will,
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SAA’s wings cut – bankrupt SOE can only pay salaries in January

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The bankrupt, state-owned SAA airline company will manage to pay its staff salaries for January, but that’s where it all ends.

With a bankrupt government failing to fulfill its pledge to pump another R2bn into the soe, it looks as if SAL will not remain standing.

The airfreight company faces three serious problems, and the solutions to this are vague and unclear, as different measures could not create a better situation.

The SAA needs at least R2bn to get its planes up, but with the many cancellations it has had to announce, its passengers are becoming less and less and profitability is becoming almost impossible.

The government’s inability to borrow R2 billion from any banker in the country has failed, which is now seen as a vote of no confidence in the financial approaches the regime is following.

It can inflict a final blow.

The large number of workers who should never have been hired is another reason why the
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Only 15% of CEOs are still positive about SA’s economic outlook

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This is a slim 15% of CEOs who still have a positive outlook on the South African economy’s outlook.

They are still very confident and confident about what their companies’ return will be in the coming financial year.

However, the growth rate that has almost reached zero point speaks to a different view, in which more than 80% of business leaders are deeply concerned about the state of affairs.

Growing pessimism, even among those who normally remain positive, is now noticeable, and many believe their well-built businesses are no longer as secure as they were a few years ago.

A company that gives advice to businesses and their CEOs says the number of organizations that still have confidence is diminishing each month, while companies are experiencing almost daily decline in turnover.

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Are the nails in the coffin for controversial Public Protector?

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The controversial Public Protector, Busisiwe Mkhwebane, appears to have counted the days when considering the reaction of certain members of parliament after the matter of her eligibility as OB was tabled.

The National Assembly’s speaker, Thandi Modise, approved that Parliament follow the procedures that could lead to the OB’s dismissal.

Busisiwe Mkhwebane is probably the most important reason why the parliament in 2019 laid down rules to be followed when removing the OB from office.

The process is apparently underway, and opposition parties, excluding the Red Brigade, are expected to strongly demand that she be removed from her post, especially in light of the numerous court cases she lost due to incorrect information being investigated reports were recorded.

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Black businessman Patrice Motsepe was elected to the World Economic Forum in Davos 

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Billionaire Patrice Motsepe was elected to the board of the World Economic Forum in Davos at the gathering last week.

Motsepe is a businessman and founder of African Rainbow Minerals, of which he is also the executive chairman.

The announcement comes via social media after a storm erupted because he said earlier that South Africa loves Donald Trump.

During the Davos meeting, the billionaire had the opportunity to enjoy a luxury dinner with the US President.

While talking to President Trump, he said they do business with 50 countries, and he has the privilege of being one of the 100 biggest business brain powers that may now be with the president.

“And Africa lo
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