Podcasts about r150

Kidnapping for ransom and extortion has become a major problem in South Africa, with over 17000 cases being reported to the SAPS in 2023/24. The targets range from high-net-worth individuals and executives to children and tourists, with kidnappers targeting victims for financial gain, their ransom demands ranging from R500,000 to R150 million. Lester Kiewit speaks to Ryno de Kock, head of distribution at PSG Insure about the increasing need for Kidnap and Ransom (K&R) Insurance in covering ransom payments, expert negotiators, legal fees, and trauma support.See omnystudio.com/listener for privacy information.

The Department of Communications and Digital Technologies says it welcomes the decision of the National Treasury to assist the South African Post Office with 150 Million rands. These funds are expected to help address the Post Office's immediate financial pressures. This follows threats by the Communication Workers Union to close down all branches of the Post Office countrywide demanding a fifteen percent salary increase. It is also alleged that SAPO has in recent weeks failed to make medical aid contributions of their workers. Sakina Kamwendo spoke to Deputy Director General at Department of Communications and Digital Technologies, Omega Shilembe...

Southern ENT will supply the cochlear implant device at R150,000 - that's a discount of R100,000! OHH has also managed to secure a R75,000 cash donation, as well as discounts from the hospital, with medical personnel giving their time and skills for free. With R100 000,00 outstanding. They've secured the procedure date for next Tuesday,12 November at Zuid-Afrikaans Hospital. The Good Morning Angels Fund will assist the family with the outstanding R100,000 needed to cover Auryn's cochlear implant procedure on 12 November to help her hear for the first time!

Guest: Lizelle Smit | Commercial Program Manager at CapeTalk  Join us this Sunday, 27 October, for an unforgettable evening filled with great music, good vibes, and a vibrant atmosphere. Early bird tickets are available for just R150, so grab yours now and make sure you're part of this unique experience. To tell us more about what to expect and the vision behind this event, we're joined by Lizelle Smit, Commercial Program Manager at CapeTalkSee omnystudio.com/listener for privacy information.

Lester Kiewit speaks to Lucinda Evans, founder of Philisa Abafazi Bethu, who are in need of assistance in completing an emergency safe house for children. They need about R150 000 and are appealing to the public for donations.See omnystudio.com/listener for privacy information.

ActionSA has initiated legal proceedings against the Independent Electoral Commission, IEC over its alleged failure to probe a R150 million debt settlement involving the ANC. The IEC had earlier found no sufficient evidence to justify an investigation into the matter. In a separate move, ActionSA has also submitted new complaints to the IEC against the EFF and MK party, alleging that their campaign finance disclosures did not accurately reflect their election expenses. For more on this, Elvis Presslin spoke to ActionSA National Chairperson, Michael Beaumont

City of Johannesburg finance MMC Dada Morero says the metro management would start a process of reviewing R200 prepaid electricity charge after outcry from residents. The municipality says it was willing to review the price with a view of decreasing it by R50. But this could only be implemented in January. The municipality would however have to find at least R80m to cover the shortfall should it decrease the amount to R150. According to Morero, the City was forced to introduce the surcharge to prepaid customers after Eskom withdrew the subsidy it previously offered to City Power. The MMC was in conversation with SundayTimes politics reporter Kgothatso Madisa.

A Somerset West man has exceeded his goal to raise R150,000 to support the work of the Cape of Good Hope SPCA's Animal Hospital.Dubbed the SPCA's "Aquaman", Howard Warrington has raised over R160,000 while becoming the first man in the world to complete the open water endurance swim from Robben Island to Blouberg 200 times.Howard Warrington, endurance swimmer.See omnystudio.com/listener for privacy information.

The South African Red Cross Society (Western Cape) is holding a number of fundraising events, including a high tea event at the Vineyard Hotel on July 5th , and a raffle where, for R150 per ticket, you could win a stay for 2 at a luxury lodge in the heart of the Cape Floral Kingdom, a helicopter sightseeing charter for two over the Cape Winelands, or a Harley Davidson 72 Sportster motorcycle! Lester Kiewit speaks to Tracey Botha of the South African Red Cross Society.See omnystudio.com/listener for privacy information.

The leader of the South African Rainbow Alliance (Sara), Colleen Makhubele is proposing a R150 000 voucher for citizens to curb the housing crisis in Gauteng. Makhubele says the ANC-led government has failed over 6,000 Madala hostel residents, especially women, who continue to live in appalling conditions in Alexandra's township in Gauteng. For more on this Elvis Presslin spoke to Ms. Makhubele 

In January, 16-year-old Ruan Weideman was diagnosed with an Odontogenic Myxoma, a fast-growing tumour in his jaw. The tumour is not cancerous, but it is growing at an alarming pace. From the fabulous LottoStar Summer of Millions funds raised for Good Morning Angels, an amount of R 150,000 will go towards Ruan's substantial medical bills to save his life.

New Hope School's Skills Development Centre aims to upskill those with special needs to ensure they have a bright future as working adults. Power Build had a Golf Day recently, where they raised funds to support a cause in need of building assistance. They will donate R150,000 of these funds to the New Hope Schools Skill's Development Centre Building project!

Recorded: 27 March 2024Cal and Dan discuss the news of the Marvel Rivals' trailer. An upcoming 6v6 game that features a storyline crafted by the NetEase writing team where the merciless clash between the tyrannical dictator Doctor Doom and his future counterpart from the year 2099 has forced countless universes to collide in the Timestream Entanglement, creating new worlds and crises still unknown....and more!This weeks episode is brought to you by Nomvdic and Elecrow.

Former head of legal at now collapsed Steinhoff International Holdings, Stéhan Grobler has been granted R150 000 bail by the Pretoria Specialised Crime Court, where he appeared today. Grobler spent the weekend behind bars, a day after his  former colleague and former Steinhoff International Holdings CEO, Markus Jooste was reported to have taken his own life. The case is expected to resume again on the 26th of June 2024. Sakina Kamwendo spoke to SABC Economics Reporter, Mpumelelo Maphalala.

Recorded: 20 March 2024Cal and Dan discuss the news of the new James Bond role may have been cast...STAR WARS Acolyte trailer...Marvel 1943: Rise of Hydra...and more!This weeks episode is brought to you by Nomvdic and their R150 Portable Projector, check out the full review at:★ Full Review - https://shorturl.at/fmFP3★ Check out the R150, and from March 18th 2024 - March 31st 2024, get 50% off using the PVP deal: https://bit.ly/NOMVDICSpring_PVPR150━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━★ Music by PoundSound - https://www.poundsound.uk/★ Website: http://www.podcastvsplayer.com​​​​​★ Get your Podcast vs Player merch: http://rdbl.co/2FV9gQq​​​​​★ Subscribe: http://bit.ly/2FgOVUO​​​​​★ Subscribe on Spotify: https://spoti.fi/2Intg0f​​​​​★ Subscribe on RadioPublic: https://bit.ly/2GJAuMV​​​​​★ Subscribe on iTunes: https://apple.co/2FS55rg​​​​​★ Subscribe on CastBox: http://bit.ly/2tgG0AZ​​​​​About Podcast vs Player: Podcast vs Player is the brainchild of mindless fools, set on giving the world podcasts and videos; whether they want them or not.

This audio is brought to you by Wearcheck, your condition monitoring specialist. Energetic Northern Cape copper mining company Copper 360 this week produced the first concentrate from the plant it has just acquired from Nama Copper, which becomes its second concentrator plant and virtually doubles the Johannesburg Stock Exchange AltX company's production capacity. Moreover, the Nama Copper plant has exceeded structural integrity and performance expectations, Copper 360 stated in a stock exchange news service announcement. "We started the plant up last week and yesterday we produced our first concentrate," fast-moving Copper 360 CEO Jan Nelson enthused during a Teams interview. (Also watch attached Creamer Media video.) Copper 360's current focus is to get the two concentrate plants fully operational on view of the significant cash flow that they will generate. At this rate, the pure copper play will be producing close to 1 000 t of copper metal in the next two to three months from the three plants now in operation - the copper platemaking solvent extraction and electrowinning (SX/EW) plant, the modular flotation plant one (MFP 1), which will be in production in the next few months, and now MFP 2, which is already producing. "We've concluded the due diligence on the asset and we've paid the R150-million million of the R200-million that's due and the further R50-million will be funded from three tranches out of future offset on the offtake agreement so, in effect, we've paid the capital that was required. We still need a Section 11 consent but that allows us on a lease basis to run the plant. "We bought Nama Copper because that gives us a second concentrator plant. This has the capacity to treat 20 000 t of rock at about 1.4% copper, It will produce 230 t of copper metal at between 30% to 40% copper concentrate. "The commissioning has gone well. We've already produced copper concentrate within the first four to five days of starting up the plant, and we've had very little problem with the plant," Nelson outlined. A new offtake agreement has been concluded with Fujax UK, an international commodity trading company, which will purchase all the concentrate produced by Nama Copper's MFP 2 on attractive, market-related terms for a period of ten years. Fujax is described as a sort of a sister company to Nama Copper. "They've negotiated very good commercial terms with us for the copper concentrate. We get almost 85% of the existing copper price. But what's important is that the concentrate is taken up at the mine gate, and we receive almost 90% of the concentrate value within a few days, which is very good for us. "With the copper price now shooting up to $9 000/t, this is exactly the right time for us to get into production," Nelson noted. Coming with the deal is a large land area, as well as some 22-million tons of tailings with a copper content of between 0.3% and 0.6% copper. This resource, which represents between R12-billion to R24-billion in copper metal in the ground at a copper price of $9 000/t and an exchange rate of R19 to the dollar, could result in a significant increase of Copper 360's measured and indicated resource category upon further confirmatory drilling. MINE COMMISSIONING Copper 360's Rietberg mine is going into commissioning phase. "We've started the opening of the mine. Our heavy mining equipment is arriving this week, and then we've got some significant drillhole intersections and we're pushing quite hard on that. "When they're in steady state, the revenue from those two plants is almost R80-million rand a month. That'll be the focus along with getting Rietberg into production safely and on time and producing rock. "From there on, the next major focus point will be the construction of a solar plant, and we're in discussions about that, to augment our current energy. "We've just also finished the construction of a generator farm on our operations and where we had about 60% availability as a result of the off-...

Sara-Jayne Makwala King is joined in studio by the cast of Mamma Mia! A new look production of the hugely popular musical is currently on at the Artscape. Tickets start at R150 from Ticketmaster.See omnystudio.com/listener for privacy information.

The Minister of Finance comfortably sidestepped all the concerns about the Budget and increased his tax revenue a little, had room to increase spending ever so slightly, and to manage the budget deficit and public debt. Things would have looked different if he did not have the R150 billion rand from the profits on the gold and foreign exchange reserves. This time he caught the lifeline. This episode is supported by the NWU Business School.

Die Minister van Finansies het al die bekommernisse oor die Begroting gesystap en gemaklik sy belastinginkomste bietjie verhoog, ruimte gehad om besteding so bietjie te verhoog, en om die begrotingstekort en staatskuld te bestuur. Dinge sou anders gelyk het as hy nie die R150 miljard rand van die wins op die goud- en buitelandse valuta-reserwes gehad het nie. Hierdie keer het hy die reddingsboei gevang. Hierdie episode word ondersteun deur die NWU Sakeskool.

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. Finance Minister Enoch Godongwana unveiled a far-reaching reform in relation to government's treatment of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), which will result in R150-billion in drawdowns from the account over the coming three years to reduce government borrowings. The settlements will be in three tranches, including R100-billion in 2024/25 and R25-billion apiece in the subsequent two financial years, and the proceeds will help reduce government's gross borrowing requirement from R553.1-billion in 2023/24 to R428.5-billion in 2026/27. The distributions will also reduce debt-service costs by R30.2-billion over the coming three years, when compared with the estimate outlined in the 2023 Medium Term Budget Policy Statement (MTBPS). GFECRA is an account held at the South African Reserve Bank (SARB) and captures losses and profits on foreign currency reserve transactions and protects the bank from currency volatility. Several economists have been urging the National Treasury to consider using the account to avert a debt crisis, given a surge in borrowings in recent years amid an increasingly distressed tax base, and persistently low growth. The National Treasury revised South Africa's 2023 growth down to 0.6% and forecast growth of only 1.3% for the current year. Research and consultation regarding the GFECRA have been under way for a number of months, but it was not clear ahead of the Budget whether these had progressed to a point where the account could be employed to support the national finances. When the rand depreciates, as it has done consistently since about 2011, the balance in the account improves, with balances in favour of the SARB having surged from R28-billion in 2023 to R507.3-billion in January 2024. Under a proposed settlement agreement, which was being formalised between the National Treasury and the SARB, a portion of the valuation gains will be drawn down over the coming three years to reduce borrowings. Godongwana also tabled legislation along with his Budget documents outlining an amendment to the Gold and Foreign Exchange Contingency Reserve Account Defrayal Act, 2003, to give effect to the drawdowns. To make the R150-billion available to the National Revenue Fund, R250-billion of the GFECRA funds will be employed, with R100-billion to be directed towards the SARB to cover interest-rate sterilisation costs that will arise as a result of increased liquidity. SARB governor Lesetja Kganyago described it as a complex arrangement that had arisen following intense conversations between the central bank and the National Treasury, and stressed that it was not cost-free, as could be seen by the R100-billion set aside for the SARB over the medium term. The proposed settlement agreement between the National Treasury and the SARB, meanwhile, would also establish a new framework for the treatment of the GFECRA, which the National Treasury insisted would continue to protect the bank and was in line with "peer norms". The Budget Review indicates that framework will allocate valuation gains across three "buckets", with the first bucket retaining sufficient funds to absorb exchange rate swings. "Once this arrangement has been fulfilled, funds will be distributed to the second bucket, a Reserve Bank contingency reserve, to ensure the central bank's solvency and to pay sterilisation costs to neutralise the interest-rate impact. "Once the first two obligations have been settled, funds will be distributed to the National Treasury," the Budget Review states. NEW FRAMEWORK The reform is guided by principles developed in consultation between the National Treasury, the SARB and international experts, including that any GFECRA distributions be governed by a clear and transparent framework that prevents ad hoc drawdowns, as well as that the proc...

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. Finance Minister Enoch Godongwana unveiled a far-reaching reform in relation to government's treatment of the Gold and Foreign Exchange Contingency Reserve Account (GFECRA), which will result in R150-billion in drawdowns from the account over the coming three years to reduce government borrowings. The settlements will be in three tranches, including R100-billion in 2024/25 and R25-billion apiece in the subsequent two financial years, and the proceeds will help reduce government's gross borrowing requirement from R553.1-billion in 2023/24 to R428.5-billion in 2026/27. The distributions will also reduce debt-service costs by R30.2-billion over the coming three years, when compared with the estimate outlined in the 2023 Medium Term Budget Policy Statement (MTBPS). GFECRA is an account held at the South African Reserve Bank (SARB) and captures losses and profits on foreign currency reserve transactions and protects the bank from currency volatility. Several economists have been urging the National Treasury to consider using the account to avert a debt crisis, given a surge in borrowings in recent years amid an increasingly distressed tax base, and persistently low growth. The National Treasury revised South Africa's 2023 growth down to 0.6% and forecast growth of only 1.3% for the current year. Research and consultation regarding the GFECRA have been under way for a number of months, but it was not clear ahead of the Budget whether these had progressed to a point where the account could be employed to support the national finances. When the rand depreciates, as it has done consistently since about 2011, the balance in the account improves, with balances in favour of the SARB having surged from R28-billion in 2023 to R507.3-billion in January 2024. Under a proposed settlement agreement, which was being formalised between the National Treasury and the SARB, a portion of the valuation gains will be drawn down over the coming three years to reduce borrowings. Godongwana also tabled legislation along with his Budget documents outlining an amendment to the Gold and Foreign Exchange Contingency Reserve Account Defrayal Act, 2003, to give effect to the drawdowns. To make the R150-billion available to the National Revenue Fund, R250-billion of the GFECRA funds will be employed, with R100-billion to be directed towards the SARB to cover interest-rate sterilisation costs that will arise as a result of increased liquidity. SARB governor Lesetja Kganyago described it as a complex arrangement that had arisen following intense conversations between the central bank and the National Treasury, and stressed that it was not cost-free, as could be seen by the R100-billion set aside for the SARB over the medium term. The proposed settlement agreement between the National Treasury and the SARB, meanwhile, would also establish a new framework for the treatment of the GFECRA, which the National Treasury insisted would continue to protect the bank and was in line with "peer norms". The Budget Review indicates that framework will allocate valuation gains across three "buckets", with the first bucket retaining sufficient funds to absorb exchange rate swings. "Once this arrangement has been fulfilled, funds will be distributed to the second bucket, a Reserve Bank contingency reserve, to ensure the central bank's solvency and to pay sterilisation costs to neutralise the interest-rate impact. "Once the first two obligations have been settled, funds will be distributed to the National Treasury," the Budget Review states. NEW FRAMEWORK The reform is guided by principles developed in consultation between the National Treasury, the SARB and international experts, including that any GFECRA distributions be governed by a clear and transparent framework that prevents ad hoc drawdowns, as well as that the proc...

Hot Cares received so many incredible and deserving entries for the Bachelor of Business Administration bursary valued R150 000 from Chartall Business College. It was not an easy decision for the Chartall Team to make, but after careful reviewing and assessing of all the applications, they have selected Phumelelo as the deserving beneficiary. This is her story Hot Cares

The Hawks have taken over the investigation into an incident where KwaZulu-Natal police seized cocaine worth more than a 150-million rand at the Durban Harbour. This is the third big drug bust in two months at the harbour. In October R150 million worth of cocaine was seized at the same harbour. For more on this, Elvis Presslin spoke to Police National Spokesperson, Brigadier Athlenda Mathe

The African National Congress (ANC) plans to challenge a Supreme Court of Appeal (SCA) order compelling the party to pay R150-million to a KwaZulu-Natal branding company for 2019 election material. ANC spokesperson Mahlengi Bhengu-Motsiri said on Tuesday the party studied the SCA judgment. The party believes the SCA did not consider its application fully and that the Constitutional Court might come to a different conclusion. "The ANC will appeal the decision of the Supreme Court of Appeal in the Ezulweni matter in the Constitutional Court. Having studied the judgment, the ANC is of the view that [the] SCA did not consider new evidence which has emerged from a forensic report, which reveals crucial evidence that makes it plain that there was no authorisation for the transactions in question and certain implicated people misrepresented their positions and authority," Bhengu-Motsiri said. On Monday, Ezulweni Investment acted on the SCA ruling and was awarded a writ order which allows the company to send a sheriff to the ANC and assess its assets for auction so that it can recoup the funds. News24 spoke to the attorney representing Ezulweni Investments, Shafique Sarlie of Sarlie and Associates, who said the sheriff would be given free rein to assess what to attach. "The amount now is far higher than that, at R147-million. Historically, we had attached three accounts, and I don't think there was much. "Whatever the sheriff finds, he commands enough to satisfy the judge, and if it is not enough at a judicial sale, we will weigh our options and decide whether we proceed with liquidation proceedings against the ANC," Sarlie said. While the ANC believes it has a constitutional matter on its hands, Ezulweni does not agree with the party's argument. Sarlie said the Constitution was clear and he predicted that the ANC would fail at the apex court. "The rules of Constitutional Court say there must be constitutional matter that is brought. There is not semblance of constitutional matter in this case. They cannot make a constitutional point at this stage," Sarlie said. The new evidence mentioned by Bhengu-Motsiri was heavily criticised in the SCA judgment as having not assisted the ANC's case. Ezulweni showed in text messages between its executive, Renash Ramdas, and two ANC officials that an agreement to supply goods had been reached. "The ANC's version is not capable of belief in the face of the cascade of communications from Ramdas that were met with deafening silence from the ANC. "The only credible response of an entity in the position of the ANC, if its version was true, would have been to immediately set the record straight so as to prevent Ezulweni from proceeding at risk," the SCA said.

Guest: Christina Hagen joins John as a Pamela Isdell Fellow of Penguin Conservation to discuss BirdLife South Africa efforts to conserve penguins and to invite listeners to join the annual raffle that will take two lucky winners on a birding trip to Morocco worth R150 000. https://www.birdlife.org.za/jackpot-birding-2023See omnystudio.com/listener for privacy information.

This audio is brought to you by Wearcheck, your condition monitoring specialist. The UK will make R20-million in funding available to help identify the most bankable opportunities for African countries to attract investment into the processing of critical minerals. Boston Consulting Group will be carrying out the study, which should be completed by year-end. The study will assess specific opportunities for in-country processing and mid-stream value addition and will focus on South Africa, Democratic Republic of Congo, Zambia, Zimbabwe, Malawi, Madagascar, Tanzania, Kenya, Rwanda, Morocco, Guinea, Ghana, Angola and Equatorial Guinea. Besides outlining high-potential prospects, the report could also identify the key constraints to the projects proceeding and provide recommendations on how these could be addressed. British High Commissioner to South Africa Antony Phillipson announced the commitment at the Critical Minerals Africa conference, taking place in Cape Town, where he reiterated the growing importance of cooperation on critical minerals for the economic partnership between South Africa and the UK. In 2022, the two countries pledged to deepen their partnership on critical minerals during President Cyril Ramaphosa's State Visit to the UK, where it was agreed more should be done to promote the responsible exploration, development, production and processing of minerals in South Africa. "African countries rightly have a high level of ambition for unlocking the value of their natural resources; and the UK will work with them in partnership to support delivery of their ambitions. "We are committed to increasing our investment in the continent and strengthening the transparency and resilience of the supply chain for critical minerals - creating green jobs in Africa, while taking action on climate change," Phillipson said. He added that demand for critical minerals was expected to more than triple by 2030, reaching over 30-million tonnes as countries sought to meet net-zero commitments, while demand for certain categories of minerals, such as lithium used in battery electric vehicles, would grow at an even faster pace. The announcement came ahead of the second UK-hosted African Investment Summit, which will take place in April 2024, and which is expected to deliver new investments in line the first Summit of 2020, where R150-billion-worth of new investments were announced. Work on the study is scheduled to take place as from the week beginning on October 23 and a decision will be made early in the new year regarding the best way to communicate the results and potentially advance the prospects further.

Guest: Lukin Joshua joins John to let listeners know what to expect at The Brass Bell on Saturday 2nd September from 2PM. Tickets Quicket R120 or R150 at the door.See omnystudio.com/listener for privacy information.

KZN Slots are back on board and they've donated R150,000 to candidates with different needs. Here's how The Big Favour and KZN Slots were able to help the Sandile with his business in part 1. Webpage

A housing project in Inanda, eThekwini, which started in 2019, to the tune of R83 million has to date produced only one RDP house. According online publication Groundup the municipality blames bureaucratic delays, the Covid-19 pandemic, the July 2021 unrest, and the KZN floods for the delays in the unfinished housing project called The Namibia Stop 8 Housing Project.  eThekwini Municipality spokesperson, Lindiwe Khuzwayo says the municipality would need about R43-million  to complete the project. Sakina Kamwendo spoke to spokesperson for eThekwini Municipality, Lindiwe Khuzwayo.

What if you, the mom-to-be, don't make it to your own baby shower? And who should NOT be invited? What should the budget be? If these questions are playing out in your head, we have the perfect podcast for you! One of South Africa's most experienced event planners, Beatrix Lourens, joined us to discuss everything that goes into planning & creating amazing baby showers — from simple but sophisticated R2000 events to extravagantly glamorous R150 000 baby showers! Brought to you by Epi-max Baby & Junior – our family, for your family. Also supported by Jacaranda 94.2

Exploration drilling is gaining momentum at Southern Palladium's Bengwenyama platinum group metals project, a large, shallow exploration opportunity on the eastern limb of South Africa's Bushveld Complex. One specific borehole into upper group two (UG2) reef recorded an impressive 800 centimetre grams per tonne grade. The project has a Joint Ore Reserve Committee (Jorc)-compliant inferred resource of 18.8-million ounces across the UG2 and Merensky reefs as one of the last undeveloped outcropping or subcropping extensions in the eastern limb. “The community is very supportive of this project,” Southern Palladium CEO Johan Odendaal enthused in a Zoom interview with Mining Weekly. (Also watch attached Creamer Media video.) Some A$13-million or R150-million and R160-million rands is earmarked for exploration, with R15-million being spent to date. Southern Palladium was twice subscribed when it raised A$19-million on the ASX in Sydney on June 8 this year, with a secondary listing also being taken up on the JSE in Johannesburg, Since exploration drilling began in August, the number of drills has increased fivefold with a likelihood of one of two more being deployed in the new year. Overall, some 4 200 m has been drilled so far amid 70% of the A$19-mllion raised heading for direct development. With the bank balance at A$15.3-million, there is sufficient funding to complete phase one and two of the drilling programme, as well as the prefeasibility study and mining right application. Consideration is now being given to bringing forward the date for the completion of the exploration programme, originally targeted for June 2024. Completion of the feasibility study is now likely towards the end of 2023, when mining right application is also likely to be submitted. “The relationship with the Bengwenyama-ya-Maswazi host community goes back 16 years, and through these years, we've built a very strong relationship with the community,” said Odendaal. The community holds a 30% direct interest in the project and a further indirect interest through its 12.3% stake in Southern Palladium. “What has been important for us is to specifically establish a framework of how are we going to operate and take this project forward, and build on the relationship that we've had so far with the community. “If you look at the various layers within the community, with the royal family, the traditional council and the community on the ground, all of them are in support of this project. What we do as a company as well, even at this early stage with the exploration, we try and see how we can involve the community. “As an example, through this whole process, we currently occupy a building on the on the community ground, and we rent that building from the community. “We upgraded it with the community and it will go back into the community in that upgraded state. “A fence was erected and we got the community involved, and diesel is bought from a local supplier. All in all, we have a community on board and their support to get this project off the ground,” said Odendaal. Mining Weekly: What are the early indications of your concept study? Odendaal: Regarding the concept study, or scoping study, as we know it in Australia as well, we will make an announcement early in January specifically on that, and there have been various reports by analysts and I'd refer you specifically to Chris Baker's report that's also on our website that gives an indication of what can be expected from this project. In terms of a scoping study, we will make that final announcement in January and then we will proceed with the prefeasibility study. We currently just getting all the approvals to go ahead with that. If all future results are positive, when is it envisaged that mining may conceivably be able to begin at Bengwenyama? If we look at the strike length, this project can maintain a production in order of 170 000 tonnes a month, more or less, and those final numbers will come through in t...

Cabinet has officially endorsed the Just Energy Transition Partnership Investment Plan (JETP-IP) following a presentation it received at its latest meeting, held on Wednesday October 19. “After welcoming a presentation on the JETP and the JETP-IP, Cabinet endorsed the JETP-IP and expressed its appreciation for the detailed work undertaken to develop it,” the Cabinet statement released on October 20 reads. The statement notes that the JETP-IP outlines the investments required to achieve the decarbonisation commitments made by government, while promoting sustainable development, and ensuring a just transition for affected workers and communities. In a post-Cabinet briefing Minister in the Presidency Mondli Gungubele said that more details on the JETP-IP - which is backed by France, Germany, the US, the UK and the European Union and which is expected to be formally endorsed at the COP27 climate negotiations in Egypt next month - would be provided during a briefing that will be hosted soon by the Inter-Ministerial Committee on Climate Change. At COP26 in Scotland last year the JETP partners made an $8.5-billion offer to support South Africa's transition away from coal and to support workers and communities that could be negatively affected by such a shift. Following COP26, South Africa established a Presidential Climate Finance Task Team, headed Daniel Mminele, to finalise the JETP-IP, which is expected to focus primarily on electricity sector projects, including much-needed investment into the grid, but also include funding support for the development of electric vehicle and green hydrogen industries. This week, Eskom CEO André de Ruyter again stressed the need for the bulk of the funding to be directed the way of the electricity sector and questioned the desirability of diverting concessional funds to the other two sectors. In the case of green hydrogen, he noted that surplus green electrons were a precondition for the industry's development and that that precondition was currently absent in a context where Eskom was having to implement loadshedding to stabilise the grid. De Ruyter also questioned whether concessional funding should flow to automotive companies and their shareholders. Forestry, Fisheries and the Environment Minister Barbara Creecy noted that the $8.5-billion would translate to about R150-billion, which fell well short of the more than R1-trillion South Africa required over the period to transition to an energy system aligned with the decarbonisation pledge. However, she expressed the hope that the funding would serve as a catalyst for further private investment in support of the transition and encourage stakeholders to comment on the JETP-IP, which she said would be released for public consultation before year-end.

Eskom told lawmakers on Wednesday that a fire in the gas air heater of Kusile Unit 5, which occurred during a commissioning exercise on September 17, represented a major “setback” and could delay the 800 MW unit's entry into commercial operation by up to a year. Under the revised scheduled for the much-delayed Kusile build programme, Unit 5 was expected to enter into commercial operation in December 2023. Addressing a Standing Committee on Public Accounts meeting, COO Jan Oberholzer said the cause of the fire had not yet been determined by the contractor, Mitsubishi Hitachi Power Systems, which he referred to as MHI, but that sabotage was not currently suspected. He noted that a similar incident had occurred during the commissioning of Kusile Unit 2, which had delayed the introduction of the unit by 12 months, and that a similar delay was, thus, being assumed preliminarily for Unit 5. Eskom expected to receive details outlining MHI's new commissioning plan for the unit by Sunday, October 23, but Oberholzer confirmed that the fire represented a major setback, particularly in a context where the utility urgently required additional generation capacity to reduce the risk of loadshedding. “Unfortunately I have to be open that unit number five will not be placed into commercial operation by December 2023,” he said, signalling that initial indications were that the unit might achieve that milestone only in December 2024. “Again, I need to emphasise that this was during the commissioning of that specific component and we don't believe that there was any foul play.” The commercial implications were still being calculated, but it was estimated that it would add some R150-million a month to Kusile's interest during construction (IDC). Work on Unit 6, meanwhile, was continuing and it remained on schedule for commercial operation by the middle of 2024, with efforts under way to bring that date forward to May 2024. MEDUPI UNIT 4 At Medupi meanwhile, where all six units were in commercial operation prior to a catastrophic hydrogen explosion at Unit 4 in 2021, Eskom was planning to return Unit 4 to service only in September 2024. This, together with extended maintenance at the Koeberg nuclear station – which had been further prolonged because the replacement of the three steam generators at Unit 2 had to be postponed earlier this year owing to Eskom's failure to complete the required containment facility on time – would increase the risk of power cuts. The energy-short grid would be without at least one unit of Koeberg for a period of about a year and a half, which would increase the intensity of loadshedding by one stage every time it was implemented. Nevertheless, Oberholzer expressed confidence that Koeberg would secure its life-extension licence before the current licence expired in mid-2024. Oberholzer again confirmed that the Koeberg life-extension capital expenditure was far higher than the R20-billion announced in 2010, but said he could not yet provide the new value. Lawmakers were also provided an update on the cost and cost to completion of both Medupi and Kusile, which were set to cost R145-billion and R161.4-billion to complete respectively, before IDC. The remaining cost to complete Kusile was stated as being R14-billion, while the figure for Medupi was pegged at R18.95-billion. The Medupi figure excluded the cost of installing flue gas desulphurisation (FGD), which could involve an additional R35- to R40-billion and remained a condition of a World Bank loan that had been raised to help fund the project. CEO André de Ruyter reported that the FGD technology installed at Kusile was a single point of failure and that trips associated with the plant were a key reason for Kusile's poor energy availability factor (EAF) currently. Eskom was pursuing an operations and maintenance contract with General Electric, which supplied the FGD to Kusile, in an effort to improve the plant's performance. The utility, which has never before oper...

South Africa's Just Energy Transition Partnership (JET-P) investment plan, which will seek to unlock $8.5-billion in concessional funding for decarbonisation projects as well as for coal worker and community support programmes, is currently in the Cabinet process ahead of its anticipated launched during the COP27 climate negotiations to be held in Sharm El Sheikh, Egypt next month. Addressing a Standard Bank climate conference on Tuesday, Forestry, Fisheries and the Environment Minister Barbara Creecy also reported that the JET-P investment plan, once launched, would be released for public comment. “We are obviously urging that you would look at it, that you would understand it, that you would see how it lays out a vision for the way in which we would want to support the transition in these three sectors [of electricity, electric vehicles and green hydrogen]. “And what we're very sincerely hoping is that [the plan] would create appetite from the private sector and would begin to mobilise the significant quantities of financing that we're going to need over the next ten years,” Creecy said. She again stressed that, while the $8.5-billion being offered by the JET-P partners of France, Germany, the US, the UK and the European Union would translate to about R150-billion, it nevertheless fell well short of the more than R1-trillion South Africa required over the period to transition to an energy system aligned with the decarbonisation pledge it made at COP26 in Glasgow, Scotland in 2021. Creecy underlined the economic risks of not moving fast enough to decarbonise, highlighting that both Italian and Indian buyers of South African forest fibre used in garment manufacturing had cautioned her as the minister responsible for forestry that they would seek alternative sources of supply unless South Africa halved the carbon content of its forest fibre by 2030. While some of the country's main trading partners were planning to impose carbon border adjustment measures from 2026, Creecy warned that, even absent such restrictions, South Africa's top exports by value would become vulnerable to changes in global demand as countries decarbonised. That said, she stressed that the country's recently adopted Just Transition Framework insisted on the transition being implemented in such a way as to ensure that it not only enhanced energy security but also assisted the country in dealing with economic inclusion, job creation and poverty alleviation. “The climate transition has to assist us with our overall challenges as a developing country.” TRANSITION ‘INEVITABLE' BUT NOT A ‘BINARY DEBATE' Speaking on the same platform, Eskom CEO André de Ruyter described the energy transition as inevitable, saying “you just cannot hold back this wave with your bare hands, it is going to happen”. Nevertheless, he contested the proposition that the transition was a “binary debate” between coal and renewables. “Eskom, and hence South Africa, will be a very substantial consumer of coal for a very long period of time to come. “So the notion that somehow we will succumb to pressure from the ‘Global North' to sterilise all of our natural resources to satisfy pressure from international lenders is simply not substantiated by the facts.” Instead, as South Africa's old coal fleet reached retirement age it was uneconomical to extend their lives in a context where renewables provided the lowest-cost new electricity and could be built faster than any of the alternatives. There was also appetite, De Ruyter noted, from investors to make “risk-based investments” in renewable energy, without government guarantees, pointing by way of example to the recently announced Eskom land-lease deal in Mpumalanga for a possible 2 000 MW of new capacity. He then challenged South African bankers to “start taking more risk” and wean themselves off their “addiction to National Treasury guarantees”. “Now I know that it's tied up with a single-buyer model, [but] as soon as we open up the market,...

The Best hole sponsor - as Judged by Jacaranda FM MD, Deirdre King and Jacaranda FM Commercial Head, Jane Ruinard won R150,000 Jacaranda FM Advertising Air-time.

It's been an interesting six months,” says Metair CEO Riaz Haffejee as he reflects on his company's financial results for the six months ended June 30. CFO Sjoerd Douwenga is perhaps a bit less diplomatic as he describes dealing with the Covid-19 pandemic as mere preparation for a culmination of events that saw Metair's operating profit drop by 73%, to R144-million. Revenue was down 2%, to R5.8-billion, compared with the previous six months. The automotive component and energy storage specialist's perfect storm was driven by a number of events. The first is hyperinflation in Türkiye, which houses battery producer Mutlu, one of its biggest subsidiaries. June inflation reached 78.6%. Hyperinflation also triggered hyper wage demands, which led to a ten-day strike at Mutlu, explains Douwenga. The strike made a R30-million dent in operating profit. The impact of hyperinflation on profit after tax for the six months under review amounted to R95-million. In Romania, Metair's Rombat battery business is being impacted by consumer concern, and subsequent frugality, around the war in Ukraine. Rombat is located only 100 km from the Ukranian border. The conflict has also seen a surge in energy prices in Europe, with energy costs roughly three times more than they were 12 months ago, notes Douwenga. Rising energy costs took an almost 4% bite out of operating profit at Rombat for the six months to June 30. Locally, flooding in KwaZulu-Natal earlier this year shut down the Toyota plant for four months, which took a heavy toll on its supplier network, Metair included, bruising the group's cash flow and liquidity. Douwenga notes that Metair expects to reach the R500-million cap on its business interruption insurance for this event. A sum of R150-million has already been received. Looking ahead, Haffejee says production at Toyota is returning to normal after the plant reopened, while new and expanded production of the new Ford Ranger pickup range will buoy Metair's component business in the coming months. Metair is also working to deal with hyperinflation in Türkiye on a day-to-day basis, he adds. The energy crisis, however, is likely to intensify, he notes, especially with the European winter on the horizon. “Energy costs can go to three, four times more on top of what they are now,” says Douwenga. It is unlikely that the Ukranian war will be resolved soon. Douwenga notes that 80% of the input costs at Mutlu in Türkiye are hard-currency based, as well as up to 60% of its sales, which lessens the impact of the local inflation cycle. Other good news is that global supply chain costs and predictability are both stabilising. Haffejee says logistics costs are coming down, and that they are now “three to four times” more than pre-Covid-19 conditions, compared with “seven to eight times” last year.

It's been an interesting six months,” says Metair CEO Riaz Haffejee as he reflects on his company's financial results for the six months ended June 30. CFO Sjoerd Douwenga is perhaps a bit less diplomatic as he describes dealing with the Covid-19 pandemic as mere preparation for a culmination of events that saw Metair's operating profit drop by 73%, to R144-million. Revenue was down 2%, to R5.8-billion, compared with the previous six months. The automotive component and energy storage specialist's perfect storm was driven by a number of events. The first is hyperinflation in Türkiye, which houses battery producer Mutlu, one of its biggest subsidiaries. June inflation reached 78.6%. Hyperinflation also triggered hyper wage demands, which led to a ten-day strike at Mutlu, explains Douwenga. The strike made a R30-million dent in operating profit. The impact of hyperinflation on profit after tax for the six months under review amounted to R95-million. In Romania, Metair's Rombat battery business is being impacted by consumer concern, and subsequent frugality, around the war in Ukraine. Rombat is located only 100 km from the Ukranian border. The conflict has also seen a surge in energy prices in Europe, with energy costs roughly three times more than they were 12 months ago, notes Douwenga. Rising energy costs took an almost 4% bite out of operating profit at Rombat for the six months to June 30. Locally, flooding in KwaZulu-Natal earlier this year shut down the Toyota plant for four months, which took a heavy toll on its supplier network, Metair included, bruising the group's cash flow and liquidity. Douwenga notes that Metair expects to reach the R500-million cap on its business interruption insurance for this event. A sum of R150-million has already been received. Looking ahead, Haffejee says production at Toyota is returning to normal after the plant reopened, while new and expanded production of the new Ford Ranger pickup range will buoy Metair's component business in the coming months. Metair is also working to deal with hyperinflation in Türkiye on a day-to-day basis, he adds. The energy crisis, however, is likely to intensify, he notes, especially with the European winter on the horizon. “Energy costs can go to three, four times more on top of what they are now,” says Douwenga. It is unlikely that the Ukranian war will be resolved soon. Douwenga notes that 80% of the input costs at Mutlu in Türkiye are hard-currency based, as well as up to 60% of its sales, which lessens the impact of the local inflation cycle. Other good news is that global supply chain costs and predictability are both stabilising. Haffejee says logistics costs are coming down, and that they are now “three to four times” more than pre-Covid-19 conditions, compared with “seven to eight times” last year.

Seven Political Parties represented in the coalition that is currently governing in the City of Johannesburg have opened a case of corruption and bribery against the ANC, at the Hillbrow Police Station in Johannesburg. This is after allegations from some of the councillors representing these parties, that ANC councillors have approached them, offering an R150 000 bribe in exchange for a vote that will see Johannesburg Mayor, Doctor Mpho Phalatse sacked as mayor. These parties include the DA, ActionSA, FFPlus, Patriotic Alliance, IFP, ACDP and COPE. Two councillors, from the IFP and Patriotic Alliance, furnished the police with sworn-in affidavits confirming that they were approached, moments ahead of the infamous vote of no confidence against the DA's Vasco Da Gama as council speaker. Elvis Presslin spoke to Action SA leader, Herman Mashaba

The multi-party coalition governing the City of Johannesburg has reportedly laid criminal charges against ANC councillors for attempted bribery and corruption at the Hillbrow Police Station in Johannesburg. ANC councillors reportedly offered R150 000 bribes to some coalition councillors, to vote in support of removing Mayor, Dr Mpho Phalatse. The governing coalition in Joburg includes the DA, ActionSA, FFPlus, Patriotic Alliance, IFP, ACDP and COPE. For more on this, Elvis Presslin spoke to the Executive Mayor of the City of Johannesburg, Dr Mpho Phalatse

The Independent Electoral Commission (IEC) announced on Tuesday that four political parties made donation disclosures during the first quarter of 2022/23, however, two of the four donations were made later than the regulated timeframe. The Democratic Alliance (DA) disclosed the largest total donation for the quarter with R15 977 687.13. The African National Congress (ANC), which disclosed R10 000 000, made its declaration outside the IEC's deadline. ActionSA disclosed donations of R750 000, and the Patriotic Alliance (PA), made the other late disclosure of R310 000. The total amount disclosed by all parties for the quarter was R27 037 687.13. Of the DA's total disclosed donations, its single largest donation of R15-million came from Fynbos Ekwiteit, which also made significant donations to the party in the previous financial year. The ANC's donation came from the entity Botho-Botho Commercial Enterprise. The IEC clarified that the Botho-Botho Commercial Enterprise should not be confused with Batho-Batho Trust, which made a significant donation to the ANC in the previous year. ActionSA's donations were received from Style Eyes of California (R600 000) and Shave & Gibson Group (R150 000), both of which donated to the party in the last financial year. The PA received two separate amounts of R150 000 and R160 000 from the party's leader Gayton McKenzie. However, the IEC explained that the donations amounting to R150 000 and R160 000 were made on March 7 and March 31, 2022, respectively, which was in breach of the legislation because the donation was declared a quarter late. The Commission requested that the PA make a representation explaining the contravention and the IEC revealed that the party had fully complied and that the necessary action had already been taken in accordance with the law. While the ANC's R10-million donation was submitted a month later than the regulated deadline and while the donation was made within the reporting quarter, it was declared to the Commission almost a month after the submission deadline of July 31, 2021. The Commission has also requested that the ANC provide an explanation for the late submission within 7 days. IN-KIND & FOREIGN DONATIONS The total value of in-kind donations declared during the first quarter was R723 493.56, and declared by the DA. This amount was donated by a DA donor that had previously made donations - the Friedrich Naumann Foundation (FNF), which made total aggregate donations of R3 100 044.85 in the previous financial year. The DA is also the only party to receive foreign donations in the reporting quarter. The total value of such donations is R977 687.13. The FNF donated R723 493.56 and the remaining R254 193.57 was received from Volkspartj voor Vrijheid en Democratie.

In April, six young people between the age of 14-16 years, from disadvantaged communities in Cape Town competed in the Western Cape Para Surf Championships and earned an entry to compete at the South African Para Surfing Championships in Durban, which takes place from 29-31 July 2022. The Roxy Davis Foundation is an NPO/PBO volunteer community-based program offering adaptive surfing and surf therapy, and they're assisting these kids to raise the necessary funding required to get to Durban. According to the foundation, these kids already broken so many and have only surfed ten times. This opportunity will shape their futures if they can experience this opportunity. The six young surfers need a total of R150 000 for the trip. ● Assisted airport transfers, air travel and extra baggage R60k ● Subsistence R20k ● Ability friendly accommodation R45k ● Adapted surfboards, wetsuits, lifejackets R15k ● Medical support R10kSee omnystudio.com/listener for privacy information.

A lack of preventive maintenance is by far the biggest contributor to the deterioration of the South African road network, says South African National Roads Agency Limited (Sanral) engineering executive Louw Kannemeyer. “It is purely because the infrastructure is not being maintained. And, because we don't have a zero-maintenance design on our roads, we are seeing a rapid deterioration in the network.” Kannemeyer adds that many South African roads are reaching the end of their design life, which means that they will be increasingly sensitive to a lack of maintenance. South Africa has a proclaimed road network of more than 618 000 km. Sanral is responsible for 22 262 km of the country's roads at present. The agency's network carries about 35% of yearly vehicle kilometres travelled in South Africa, but 70% of the long-distance road freight. The rest of the country's network falls under the ambit of provincial and municipal authorities. It Doesn't Pay to Do Nothing Kannemeyer says there are two approaches to road maintenance. The first is preventive maintenance. This is where Sanral, or a provincial or local authority, builds a road. Then, after seven to ten years, dependent on the climate and traffic, fine cracks develop, and the road surface must be waterproofed. “To do that you need professionally qualified people,” says Kannemeyer. “You need engineers who understand what those cracks mean, who understand the climate of the area and the road design.” If the relevant authority does not act to fix these cracks, secondary defects will likely develop after three to five years. To repair the road will now cost six times more than what would have been the price tag to roll out the correct preventive maintenance, says Kannemeyer. If left for five to eight years, fixing the road will now cost 18 times more, he notes. “When a road is in a very poor condition, you don't need to be an engineer to see that it's in a poor condition,” says Kannemeyer. “The reality we face is that a lot of authorities do not have professionals in their employ. The way [road] networks are currently being managed is to fix the worst first. [Authorities] wait for the road the most people complain about, and that is the one they'll try and fix.” However, following that strategy means that for every one kilometre of road repaired, the authority could have resealed 18 km of road, explains Kannemeyer. “With the worst-first approach, the road cracks, and nothing gets done. Drains silt up, become blocked, and nothing gets done. The grass grows on the edge and it isn't cut to allow the water to drain. Everybody then waits for potholes to develop. “In the scenario of preventive maintenance, cracks are sealed, the grass is cut, the drains are cleaned – routine maintenance. That is a big focus area for Sanral.” To cut grass and seal cracks cost about R9.50/m2 a year on average, says Kannemeyer. “However, that buys you so much more in terms of asset life.” Resealing costs are R70/m2 to R150/m2 every ten years. To repair a pothole on a busy road is one of the most expensive exercises and can range from R700/m2 to R25 000/m2, says Kannemeyer. The cost of accommodating traffic and closing lanes is ten times more than the actual repair work. “You need to prevent the development of potholes at all costs – this is asset management,” says Kannemeyer. “And to do this, you need up-to-date data to ensure professionals can make informed decisions. At Sanral, we carefully track the deterioration of our roads.” Cheaper Methods, so Maintenance Is Vital When Sanral designs a road pavement, the agency does not design it for a number of calendar years, but rather for the traffic expected over the design period, which is typically 20 to 25 years. Sanral will typically forecast the traffic over a 20-year period, says Kannemeyer, most notably the heavy-truck traffic. This will determine the number of lanes – climbing lanes, passing lanes – and it will also dictate the kind of road pavemen...

A state agency employee has been charged with corruption in connection with a multimillion-rand contract that was awarded to communications company Digital Vibes in 2018. Municipal Infrastructure Support Agent (MISA) employee Lizeka Tonjeni was arrested on Tuesday morning and appeared in the Pretoria Commercial Crimes Court. She is accused of accepting a bribe of R160 000 from Digital Vibes to further the company's interests. It's alleged that the money was paid to her while she was the project manager of the contract awarded to Digital Vibes in 2018. MISA falls under the Department of Cooperative Governance and Traditional Affairs (Cogta) and at the time, Zweli Mkhize was the Cogta minister. One of the indirect owners of Digital Vibes, Tahera Mather, was his spokesperson. According to the Special Investigating Unit (SIU), Mather and Naadhira Mitha were the true owners of Digital Vibes, even though the company was registered in the name of a petrol station manager in Stanger, KwaZulu-Natal. Digital Vibes has also been the subject of an investigation into a R150-million tender with the national Department of Health. The SIU found that the contract was irregular and unlawful and that Mkhize and his family benefitted from the tender. Tonjeni was granted R5 000 bail. The State did not oppose the accused's release on bail. It's unclear whether more people will be charged in the case.

Today's Daily Friend Show with Terence Corrigan, Michael Morris and Nicholas Lorimer. The crew discusses the revelations that Cuba has been let almost R150 million by SA since 2018 and they also discuss the allegedly racist incident at Stellenbosch university. Subscribe on Google Podcasts · Subscribe on Apple Podcasts · Subscribe on Spotify

Today's Daily Friend Show with Nicholas Lorimer, Terence Corrigan and Chris Hattingh. The team chats about the comments by Minister Patel regarding the importance of BEE, the alleged theft of R150 million from the SSA and the DRC joining East Africa. Subscribe on Google Podcasts · Subscribe on Apple Podcasts · Subscribe on Spotify

If you want to own shares like Google, Apple, Nestle, Microsoft, Facebook and many more then this video is for you. Omega discusses three services you can use to buy international shares even if you just have R150($10) to start with. These services are great for South Africans and beginner investors. LISTEN NOW Resources: 1. Get a FREE 30 MINUTE CONSULATION with me. Book via https://www.moneymondays.co.za/book-online 2. Copy my investment portfolio by using my JSE TITANS System Visit https://www.moneymondays.co.za/jse-titans-investing 3. Take the Money Mondays Investment Course for R3500 ($250) Includes 10 hours of video, materials, algorithm development and personal finance tips plus live training. Purchase at https://www.moneymondays.co.za/basics-of-investing _____________________________________________________ Connect with Me: Website: www.moneymondays.co.za Instagram: @moneymondays.co.za Facebook: @moneymondays.co.za TikTok: @moneymondays.co.za --- Send in a voice message: https://anchor.fm/moneymondaywithomega/message

South Africa is officially in a double dip recession, strap yourself in! Does Cyril have the backbone to prevent 'triple dip' by making the necessary pragmatic calls immediately? The unions have ‘declared war' on Tito and government's plans to cut jobs and save R150 billion in the medium term. The sovereign wealth fund sounds nice, but is South Africa in a position to administer such? Will the world pivot from a China-centric production model after coronavirus stalls all production there? Bloomberg is out, Biden is now the front runner. Nando's · The Burning Platform

The Children's Hospital Trust has just launched a campaign aiming to raise R150-million over the next two years for projects and programmes to help heal the children of The Red Cross War Memorial Children's Hospital. The campaign launched with a tragic true story about the Weber family who lost their 2-year-old son Conner who drowned in a bucket filled with water stored outside the house during the drought in Cape Town. Chantel Cooper - the Head of Fundraising and Communications at the Children's Hospital Trust - joins Brent Lindeque to chat about the campaign and the Weber story.

This week the guys are joined in studio by Fae Michelangelo – a lady with a love of ink, JDM and Nissan Skylines. She tells us why cars turn her on and what vehicles are best for a man going through a midlife crisis. The guys talk about embarrassing car modifications and host a R150 000 second-hand car challenge.

* Wolverine update* Support rewards added* R150 notes