Posts tagged with 'South Africa'

 

Ineptocracy South African ANC Government

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Ineptocracy South African ANC Government

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SA chrome firms warn of more than 1,200 job cuts – Eskom’s unreliability and rising tariffs were some of the main reasons for the layoffs

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Joint venture partners Glencore and Merafe Resources could cut up to 665 jobs and have started consultations with workers at their Rustenburg ferrochrome smelter.

Local chrome firms on Monday warned of more than 1,200 potential job cuts, citing power cuts, rising electricity tariffs and increased competition from overseas.

The potential layoffs highlight the risks posed to Africa’s most industrialised economy by struggling state power utility Eskom, which is struggling with breakdowns at its coal-fired power plants and is mired in a financial crisis.

They also pile more pressure on President Cyril Ramaphosa’s government, which is trying to contain 29% unemployment.

Joint venture partners Glencore and Merafe Resources could cut up to 665 jobs and have started consultations with workers at their Rustenburg ferrochrome smelter.

“The consultation process is as a result of deteriorating operations and market conditions across the
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R11m from SA Lottery goes to cousin of National Lotteries Commission boss

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The National Lotteries Commission has given more than R11m to a non-profit organisation (NPO) called I Am Made for God’s Glory, which has in turn paid R2m to a private company of which the sole director is the cousin of the chief operating officer of the National Lotteries Commission.

According to leaked bank statements, R2m was paid to Upbrand Properties by I Am Made For God’s Glory (IAM4GG), which received a R11 375 000 grant from the Lottery to develop an “integrated sports facility” in Limpopo.

The sole director of Upbrand is Kenneth Tomoletso Sithole, first cousin of NLC chief operating officer Phillemon Letwaba.

GroundUp has previously revealed how Upbrand received a R15m contract to build a rehabilitation centre near Pretoria at a time when Letwaba’s brother, Johannes “Joe” Letwaba, was a director of the company. Johannes Letwaba subsequently resigned, leaving Keneilwe Constance Maboa, the wife of Karabo Sithole, another fi
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Cash-strapped SAA cancels 38 domestic and international flights

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SAA has confirmed its cancellation of 38 domestic and international flights between OR Tambo International Airport and Cape Town, as well as between Johannesburg and Durban’s King Shaka airports.

In a statement, the airline said: “These decisions are in line with SAA’s usual policy of reviewing flights and consolidating services with low demand. Furthermore, during the current process of business rescue, these cancellations represent a responsible strategy to conserve cash and optimise the airline’s position ahead of any further capital investment.”

The airline said it would be reviewing further schedule amendments over the coming days and would communicate any operational changes to its customers.

Those who have already booked the cancelled flights will be re-accommodated on alternative services including Mango.

Below is a list of all the cancelled flights:

The following domestic flights operated by SAA have been cancell
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Steve Bannon Pres. Trump’s strategist moves all over the world to give POPULIST STRATEGY advise!

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Steve Bannon Pres. Trump’s strategist moves all over the world to give POPULIST STRATEGY advise!

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Steve Bannon Pres. Trump’s strategist moves all over the world to give POPULIST STRATEGY advise!

👉 Clear cut!!
👉 Wants to be invited !
👉 Political parties to consider!
👉 For Patriots only!

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ULA Memes Slideshow 1

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ULA Memes Slideshow 1

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ULA Memes Slideshow 2

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ULA Memes Slideshow 2

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Open Borders Kill! Mozambican Gardener WANTED As Suspect in Brutal Execution of Elderly Port Elizabeth Couple

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It has become a regular news items in the New South Africa to hear that, especially vulnerable old people, have been murdered by the gardener or domestic help. Andre Saaiman (65) and his wife Lidia were murdered in early November 2017 in their home in Scott Street, Somerstrand, Port Elizabeth, but its only now, TWO YEARS later that the Police issued an international arrest warrant for their Mozambican gardener at the time, Ezequiel Carlos Cossa (26).

His location, whether he is in Mozambique or South Africa is unknown, given the porous border which the ANC regime is deliberately neglecting. According to the state prosecutor, Adv Marius Stander , it became clear that Cossa was the right suspect in November 2017, after which the process began to apply for an international arrest warrant.

Cossa stayed in a caravan at the couple’s home at the the time and on the morning when the bodies of the couple were discovered, Cossa was missing but the door o
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Alexkor, SA state-owned diamond company is on life support

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South Africa’s state-owned diamond mining enterprise Alexkor is desperately in need of cash to pay expenses, but does the struggling entity deserve more funding?

Its marine-based concessions stretch from Alexander Bay to Port Nolloth, while its land-based concessions span the equivalent of 865km2. It mines the latter through its Pooling and Sharing Joint Venture (PSJV) with the Richtersveld community.

Despite carat sales having increased from 41 941 units to 70 061 in the year to end-March 2019, diamond sales only amounted to R209.9 million (2018: R208.7 million). Cost of sales was R152.9 million (2018: R126.8 million).

The reasons given for this poor performance: an oversupply of diamonds in the market, as well as the quality and size of the diamonds produced.

Land and shallow water diamonds achieved an average of $456.77 per carat (2018: $718.86), while diamonds from its deep water mining concession achieved an average price of $305.6
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SAA director resigns from his post amid crisis at state entity

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SAA director Martin Kingston resigned from his post, and the move was welcomed by the communist-minded Numsa union as well as the trade union Sacca.

The two unions also said the rest of SAA directors should follow Kingston’s example and submit their resignations.

Kingston’s resignation comes after Bloomberg said in his report there is no reason why the director should be on the board.

Kingston apparently decided to resign when the company was placed under rescue because of the extremely poor results being delivered.

The shipping company is still waiting for Treasury to pay the promised R2bn earmarked to keep SAA afloat and is the second part of the R4bn initially promised to the shipping company by the government.

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