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Today on The Midday Report, host Mandy Wiener breaks down the top stories making headlines. Police have recovered bodies believed to be those of three officers who went missing last week while en route to Polokwane. Transport Minister Barbara Creecy has announced a 45.6% decrease in road fatalities over the Easter weekend compared to the same period in 2024. In Gauteng, Premier Panyaza Lesufi has launched an investigation into allegations of wasteful government spending, with R34 million reportedly being spent each month on leased office space for various departments. Mandy also brings listeners the latest updates on the Cape Town fires and the current water levels at the Vaal Dam. Lastly, the trial in the Joshlin Smith case is expected to conclude this week. All this and more. Listen live - The Midday Report with Mandy Wiener is broadcast on weekdays from noon to 1pm on 702 and CapeTalk.See omnystudio.com/listener for privacy information.
Gauteng Premier Panyaza Lesufi has ordered a full probe into shocking reports of R34 million spent monthly on leased office spaces while 41 government buildings stand empty. Lesufi summoned officials for answers and vowed independent forensic investigations, a full cost-benefit analysis, and private-sector partnerships to repurpose idle properties. He insists the Seventh Administration will enforce fiscal discipline, ensure transparency, and slash wasteful spending. For more on this Elvis Presslin spoke to Sizwe Pamla, Spokesperson for Gauteng Premier, Panyaza Lesufi
IVP-president, Velenkosini Hlabisa, sê die party het ʼn groot nalatenskap en ʼn getuienis van volharding en integriteit. Die party het gister sy 50ste herdenking by die Prins Mangosuthu Buthelezi-stadion in Ulundi, in Noord-KwaZulu-Natal gevier. Die vieringe het op ʼn hartseer noot begin toe ʼn bus met ondersteuners op pad na die stadion op die R34 naby Vryheid omgeslaan het. Altesaam 22 mense is beseer. Hlabisa sê die IVP se rol in Suid-Afrika se soeke na vryheid, eenheid en demokrasie kan nie onderskat word nie:
Willard Batteries assisted Mhlengi Mthethwa by sourcing all the special equipment he needs to achieve his education dreams. The Willard Bursary Fund is providing Mhlengi with all the necessary equipment, valued at R34,800. We have already sourced everything, and it will be sent to him shortly.
This week Ari sits down with Zena White, the chief operating officer at Partisan Records. Partisan is an internationally renowned independent record label headquartered in Brooklyn, NY. Zena has overseen global strategy for #1 charting, Grammy-nominated, Mercury Prize-winning album campaigns across Partisan's diverse roster that includes IDLES, PJ Harvey, Cigarettes After Sex, Blondshell, the Fela Kuti estate and many more. Zena is also on the board of organizations like World Independent Network, A2IM, RIAA, and is a Recording Academy Member. Prior to Partisan, Zena was Managing Director at The Other Hand marketing services company in London, where she worked with artists such as Run The Jewels, Sharon Jones & the Dap-Kings, Charles Bradley, and more.Zena tells Ari about ORCA (Organization for Recorded Culture and Arts) a nonprofit she's involved with that uses research to demonstrate the economic, social, and cultural value of music. Then later, she takes us behind the scenes of Partisan Records, explaining where they spend their marketing money, how much they spend, and more. Ari and Zena discuss ‘old-school' marketing tactics like radio, PR, print media, digital and TV, and Zena sheds light on how artists get on Late Night shows… along with how much that costs. Yep—it costs. Ari and Zena also dive deep into the world of ‘new media' and discuss how Partisan spends its money in the new age of social media. Tune in to hear stories about how Cigarettes After Sex got off the ground and to get a glimpse into the inner workings of indie labels!https://partisanrecords.com/ https://www.orcaformusic.com/ 00:00 Investing in Artists: The New Music Business04:48 Inside Partisan Records: A Label's Journey10:00 Cigarettes After Sex: A Case Study in Success24:42 The Balance of Data and Creativity in A&R34:06 Marketing Strategies for Independent Artists40:50 The Evolving Landscape of Music Marketing46:28 Public Relations and Its Impact on Artist Development52:13 Navigating Television Appearances and Their Costs55:30 The Role of Local Press in Ticket Sales01:02:26 Influencer Marketing and New Media Strategies01:08:58 The Formation and Purpose of Orca01:19:05 Defining Success in the New Music BusinessEdited and mixed by Ari DavidsMusic by Brassroots DistrictProduced by the team at Ari's TakeOrder the THIRD EDITION of How to Make It in the New Music Business: https://book.aristake.com Hosted on Acast. See acast.com/privacy for more information.
The Mayor of Nketoana Local Municipality in the Free State, Mamiki Mkoena is reported to have spent about R100-thousand on a rented car in 1 month. According to an invoice seen by GroundUp, the mayor, Mamiki Mokoena, travelled about 7 000 kilometres between 18 May and 18 June this year, in a rented car. The invoice suggests that she was billed R64,893 for rent on the car for the month. Records suggest that about R34,000 was spent on the mayor's fuel card over the period. This follows two accidents in which the mayor's cars, owned by the municipality, were written off. The Auditor-General recent report on Nketoana Local Municipality for the 2022/23 financial year records the municipality stated irregular expenditure was R480-million. Sakina Kamwendo spoke to Tladi Moloi, the GroundUp Journalist who made this discovery.
If you hear something you like, text your friends, if you don't hear something you like, text us here!Peek under the hood of car customization as we reconnect with John Gray from Gulf Coast Auto Shield, a maestro in the vibrant realm of vehicle aesthetics and armor. Our bond with John stretches back to 2014, and his expertise shines through in our latest chat about the transformative magic of color-changing car wraps, specifically the avant-garde undertaking with a Tesla Cybertruck. It's not every day you encounter a color-shifting paint protection film that boasts a decade-long warranty, and we dissect every layer of this fascinating process. Car enthusiasts, brace yourselves, as we also showcase a mint-condition 1999 R34—this automotive icon just received a bespoke protection kit that's as impressive as its heritage.Switching lanes, we cruise into the unexpectedly enduring world of CB radios. Discover why these retro gadgets maintain their spot on the dashboard for many long-haul adventurers, even in our smartphone-dominated era. We unpack the quirks of CB radio boosters, exploring their power and the legalities that come with it. And because all work and no play makes Jack a dull boy, we're rolling out the red carpet for you at our upcoming live event—expect a feast of crawfish, a dash of nostalgia, and a full-throttle celebration of community and car culture. Don't miss the chance to mingle, munch, and marvel at all things automotive with us.The Original Lupe' Tortilla RestaurantsLupe Tortilla in Katy, TexasSponsored by Gulf Coast Auto ShieldPaint protection and more!Sponsored by ProAm Auto AccessoriesProAm Auto Accessories: "THE" place to go to find exclusive and hard to find parts and accessories!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.---- ----- Want more In Wheel Time Car Talk any time? In Wheel Time Car Talk is now available on iHeartRadio! Just go to iheartradio.com/InWheelTimeCarTalk where ever you are.----- -----Be sure to subscribe on your favorite podcast provider for the next episode of In Wheel Time Car Talk and check out our live broadcast every Saturday, 8a-11aCT simulcasting on iHeartRadio, YouTube, Facebook, Twitter, Twitch and InWheelTime.com.In Wheel Time Car Talk podcast can be heard on you mobile device from providers such as:Apple Podcasts, Pandora Podcast, Amazon Music Podcast, Spotify, Google Podcasts, iHeartRadio podcast, TuneIn + Alexa, Podcast Addict, Castro, Castbox and more on your mobile device.Follow InWheelTime.com for the latest updates!Twitter: https://twitter.com/InWheelTimeInstagram: https://www.instagram.com/inwheeltime/https://www.iheart.com/live/in-wheel-time-car-talk-9327/https://www.youtube.com/inwheeltimehttps://www.Facebook.com/InWheelTimeFor more information about In Wheel Time Car Talk, email us at info@inwheeltime.comTags: In Wheel Time, automotive car talk show, car talk, Live car talk show, In Wheel Time Car Talk
In This Episode we discuss the various ways you can aquire your own R34 GTR Right Now! Financing, insurance, Importers, Exporters and current market availability! Follow us on all socials @RHDGUYSMerch - http://RHDGUYS.COM
In this episode we go over Shipping, Port Clearing, and Registering Your Self Imported Car.Follow us @RHDGUYS
Nadie duda de que los coches japoneses ofrecen calidad y tecnología… pero algunos dudan de que los japoneses sean capaces de hacer coches bonitos. Creo que lo que es bonito y feo para los japoneses y para el resto del mundo no es igual. Pero, a pesar de eso, creo que han sido capaces de hacer deportivos absolutamente preciosos y espectaculares… Desde luego cuando se piensa en diseño de coches se piensa en Italia… y con toda la razón. Y es que si te preguntas cuales son los mejores diseñadores de la historia seguro que vas a nombrar a Giugiaro, Gandini, Bertone y Pininfarina. Si desde luego no nombras a los dos primeros… ¡me enfado contigo! Nadie, ¡ni los japoneses! te va a nombrar a Ken Okuyama ni a Satoru Nozaki ni a Yamamoto San ni a Yoshihiko Matsuo. Por más que sean, respectivamente, los diseñadores o responsables de diseño de preciosidades como el Honda NSX, el Toyota 2000 GT, el Mazda MX5 y el Nissan Z… 1. Mazda Cosmo (1967). Este coche es el comienzo de la historia de “amor” entre Mazda y los motores rotativos o tipo Wankel. En 1967, Mazda lanzó el deportivo biplaza Cosmo, precioso para mi gusto, y uno de los primeros modelos de producción con un motor rotativo o Wankel. 2.Toyota 2000GT (1967). Lo sigo siempre, el único coche japoneses que aparece con cierto protagonismo en la saga de “James Bond 007”. El 2000 GT se presentó originalmente en 1965 y revolucionó el panorama del diseño japonés. 3. Nissan Fairlady Z (1969). Desde el punto de vista del diseño japones podríamos hablar de los dorados años 60 que es cuando se presentó esta preciosidad, el Datsun o Nissan Z que para distinguirlo de otros Z posteriores llamamos Fairlady que es como se denominó en algunos mercados. 4. Toyota Celica Coupé (1970). La primera vez que vi este coche fue en una edición de las 4 Horas de Jarama. Me electrizó la estética y más aún el sonido… ¡qué maravilla! Este modelo no era más que una versión coupé del Toyota Carina. Contaba con una completa gama de motores de gasolina de entre 1,6 y 2,0 litros, con cajas manuales y automáticas y siempre de propulsión. 5. Mazda MX5 (1989). “Un Lotus Elan bien hecho”. Así lo definió un periodista y buen amigo… y creó que dio en diana. La primera generación del MX5 era roadster pequeño y ligero, solo 955 kilos.Con un chasis muy equilibrado y el motor 1.6 del Mazda 323, que desarrollaba 115 CV de potencia y, más tarde, también con un propulsor 1.8 de 130 CV era divertido y ofrecía buenas prestaciones y mejores sensaciones. 6. Honda NSX (1990). Otro periodista, como más mala leche (pitido) que el anterior, me dijo que el Honda NSX era un Ferrari bien hecho… se podría decir que, pese a sus malas intenciones, razón no le faltaba, porque el NSX por prestaciones estaba al nivel de los Ferrari, pero por fiabilidad y sencillez de uso, muy por encima. 7. Mazda RX7 (1992). Hablamos, obviamente, de la tercera generación o FD, la más atractiva de todas y además la más difícil de conducir. La primera versión contaba con un motor rotativo de 1,3 litros, con la equivalencia 2,6, de unos 240 CV de potencia. 8. Toyota Supra (1993). La cuarta generación aparecida 1993 es para mí la mejor. Y la más recordada en parte, por ser el coche que protagonizó la primera película de la saga Fast & Furious.La mecánica 2JZ-GT era una joya, de lo mejor de su época, con 2.997 cm3, con seis cilindros en línea y dos turbocompresores Hitachi de funcionamiento secuencial: uno que giraba a bajas rpm y otro que funcionaba a partir de 4.000 rpm. En 1998 llegó el sistema de distribución variable Toyota VVT-i y se llegó a los 330 CV y a los 250 km/h. 9. Nissan Skyline GT-R R34 (1998). Quizás más que bonito habría que decir que es impresionante… ¿pero no es casi lo mismo? La generación R34 del GT-R tenía carácter, con un motor biturbo de gasolina de 280 CV, tracción total y un comportamiento tremendamente eficaz. El chasis era una maravilla tecnología, con un eficaz sistema de tracción total ATTESA-E-TS PRO, que conseguían que el R34, fuese un modelo con el que era relativamente sencillo rodar al límite. 10. Honda S2000 (1999). Según otro periodista amigo, “Un MX5 a lo grande”. Tampoco le faltaba razón. Nació para celebrar el 50 aniversario de Honda y es uno de los deportivos más venerados fabricados en Japón. A destacar su carrocería biplaza descapotable, su diseño y, lo mejor, un motor atmosférico VTEC de 2,0 litros y 241 CV casi, casi, de competición. Una belleza ahora muy cotizada… y que se revalorizará. La conclusión es clara, conocidos o no, está claro que los diseñadores japoneses saben hacer coches bonitos y, además, muy tecnológicos… una maravilla.
Can you run a billet block on a street build? With 1650whp what 1/4 mile time can a full trim R34 do?Use ‘PODCAST75' for $75 off your first HPA course here: https://hpcdmy.co/hpa-tuned-inWith 1650whp at 55psi of boost this R34 GTR Skyline is arguably one of Australia's fastest roll racers, and even more impressively this 1600kg car will do 8-second passes while retaining the full stock trim as Av from B2R Motorsports explains.Running a 3.4l Bullet Race Engineering 'hybrid' billet block, this 3.4L RB has all the usual suspects covered modification-wise internally including a Callies Performance Products custom crankshaft, CP-Carrillo rods and pistons, Ferrea copper bronze valve guides & more, but interestingly retains a relatively stock cylinder head. The car runs pump E85 (ethanol fuel blend) with a 9.5:1 compression ratio, and like you would expect, the Nissan CAS is in a rubbish bin somewhere with a Ross Performance Parts 36-2 trigger kit replacing it.A Precision GEN2 Pro Mod 88 turbo handles the forced induction side of things with a plug and play Link ECU G4X R34 PnP covering engine management. Fuel injection limitations in both the current setup and with this specific ECU option will see the team move to a batch fire setup in the future, which is a common and proven solution in situations like this.An Albins Performance Transmissions ST6, Hollinger Engineering 9" rear and ETS-Pro torque split controller handle most of the drivetrain requirements with the standard ATTESA system still handling things for the most part for now when it comes to AWD.The car is lacking in safety features for 1/4 mile runs and will need more attention in this area in the future for this use, however, for roll racing only at the likes of Sydney Motorsport Park a safety structure/roll cage is not a requirement.
Vi är nere på Gatebil och för att bli lite varm i kläderna så har vi med oss Fredrik Hytter.han har vart med i ett tidigare avsnitt så har ni inte lyssnat på de så passa på att göra de!kolla även in hans instagram där han visar vad han sysslar med, kanske en av världens fetaste R34 skyline!Instagram: Hytt3rGlöm inte att följa oss på sociala medierinsta/fb: Onroaders podcastprivata: Jparment, Markushammarstedt, Thetypicalandrew, JoelolofsKöp era grejer på roaderwear.comSupport this show http://supporter.acast.com/onroaders. Hosted on Acast. See acast.com/privacy for more information.
In this episode, I am joined by Kieran Racklyeft. Kieren is a Sydney based drifter competing in the Pro-Am ranks of the Hi-Tec drift all stars series. He drives the 1JZ powered R33 with the R34 front end and has put a lot of R&D into that car. Kieren and I got to talk about the little country town he grew up in, the purchase and memories from his first car. As well as how and when he got into drifting, who was responsible for that, and those who support him each and every time he takes his car out. We also talk about how he gets time in the seat and the reason you'll still see him attend wetpan events. Kieran and I have been talking about doing this episode for quite some time now, and it was awesome to finally sit down with him and get it going. You can find Kieren and Skittlez DC on: Facebook: https://www.facebook.com/kieren.racklyeft Instagram: https://www.instagram.com/kracklyeft_evl_33/ Instagram: https://www.instagram.com/skittlez_dc/ TikTok: https://www.tiktok.com/@evl.33 Youtube: https://www.youtube.com/@skittlez_dc6787 Don't forget to follow the podcast on: Instagram: https://www.instagram.com/gutter2gutterpodcast/ Facebook: https://www.facebook.com/G2GPodcast/ Twitter: https://twitter.com/PodcastGutter TikTok: https://www.tiktok.com/@gutter2gutter Patreon: https://www.patreon.com/gutter2gutterpodcast Gutter 2 Gutter Podcast now has it's very own website that you can find here: https://gutter2gutterpodcast.com/ So be sure to grab yourself a sticker or 2. It goes a long way to helping with supporting the podcast. Please also rate and review on your podcast platform of choice and be sure to tell a friend about us. This is a great way to help us grow and reach more earholes. I'd like to send massive thank you to our Gutter 2 Gutter Patreon supporters! AJ Hoad Johnny Wombat
Episode: 2571 A dream gone over the top: Intercity dirigible service. Today, how about intercity dirigible service?
In episode 5 we discuss the buildout of Blunt Garage and the inspiration we had while doing so. FOLLOW US @RHDGUYS
We go through our opinion of the top 10 RHD cars EVER!Follow us!@RHDGUYS@BluntGarage
In this episode we discuss why we chose RHD cars, and none of the other available options. We also touch on the future of these cars.Follow us and Subscribe.@RHDGUYS
Bueno, creo que ya tenéis claro que me gustan los coches japoneses. Algunos mucho. ¡Y otros muchísimo! Pero es que la hornada de deportivos japoneses de los 90 fue, realmente, excepcional. Cualquiera de esta lista lo atestigua. Y lo mejor: Algunos los puedes encontrar a precios razonables. Y es que la cosecha de deportivos japoneses en los años 90 ha sido irrepetible. Y lo digo con conocimiento de causa porque los coches que os he traído hoy aquí, he tenido la fortuna de probarlos todos y a fondo. En general se podría decir que los coches deportivos no son el mejor negocio para las marcas. No se venden en grandes series, necesitan desarrollos específicos, son más caros de fabricar y si repercutes todo esto en el precio… pues no vendes ni uno. Entonces, ¿para qué hacer coches deportivos y coupés? En gran parte porque son, como se dice en la mercadotecnia, palabra que me gusta más que marketing, un “motor de imagen”. Esto quiere decir que estos coches tienen dos misiones: Por un lado, demostrar lo que la marca es capaz de hacer, su capacidad tecnológica. En los años 90 los japoneses necesitaban tener una mejor imagen de marca más Premium. Los coches japoneses tenían éxito, eran considerados fiables y bien acabados… pero no eran coches para soñar. Y las marcas japonesas se pusieron manos a la obra e hicieron coches como los que os traemos, que sí son para soñar… insisto, los 10 de la lista. Vamos con ellos… 1. Honda NSX (1990) Y si hablamos de un coche japones, de los 90, mítico, para soñar… no puede faltar su “majestad” el Honda NSX. La mala noticia es que este sí que no le vais a encontrar barato en el mercado de usados. 2. Honda S2000 (1999) El Honda S2000 era un Roadster de propulsión trasera que si puedes encontrar a precios por debajo de los 20.000 €. 3. Mazda MX5 (1989) Nació en 1989 pero la primera generación del roadster Mazda MX5 “vivió” en los años 90. Una propuesta innovadora: Una especie de Lotus Elan relativamente asequible y muy fiable. 4. Mazda RX-7 (1992) Igual que decíamos que hablando de “Coupés míticos japoneses de los 90” no puede faltar el NSX, tampoco puede faltar un Mazda como motor rotativo, el Mazda RX-7 de la tercera generación. 5. Mitsubishi 3000 GT (1990) En Japón y en el Reino Unido, este modelo se comercializó como GTO… fuera, no se atrevieron y lo llamaron 3000GT. El 3000 proviene del motor de 3.0 litros, V6, dotado de doble árbol de levas en cabeza, culata con 24 válvulas y que daba 300 CV que llegaron a 320 CV a partir de 1994. 6. Nissan 300ZX Z32 (1990) Heredero de la mítica saga Z de Nissan-Datsun de este modelo destacaría dos cosas: Una estética imponente y el hecho de que fuese un coche tremendamente divertido de conducir. El motor era un impresionante V6 de 3.0 litros, biturbo y con 300 CV. Y, ¡cómo no! con propulsión trasera. Pero su bastidor era una joya, con suspensión tipo multibrazo en ambos ejes y un eficaz sistema de dirección trasera activa Super HICAS (Super High Capacity Actively Controlled Suspension). 7. Nissan Skyline GT-R R33 (1995) De este Skyline de 1998 podemos decir que su nombre “artístico” mola más: “Godzila”. Y es que solo con verlo, da miedo. De todas las generaciones de GT-R el R33 es la que más me gusta… con permiso de la posterior, R34. El motor era un seis cilindros, en este caso en línea, de 2.5 litros, con doble turbocompresor, intercooler y que llego a dar 305 CV… 8. Subaru Imprezza 22B STi (1998) No es coupé, pero sí deportivo, ¡muy deportivo! Esta versión especial nació como base para el coche de rallyes, una saga muy exitosa de Imprezza que consiguió grandes resultados. Lo más característico de este coche, por supuesto, tratándose de Subaru de tracción total, era su motor, por supuesto, tratándose de Subaru, Bóxer. Se trataba de un 2.2 litros, por supuesto Turbo, que alcanzaba los 280 CV y que con pocos retoques se iba a los 350 CV… no está mal. 9. Subaru SVX (1991) Un verdadero “patito feo” … ¡y eso que está diseñado por Giorgetto Giugaro! Pero hablamos de un modelo en muchas ocasiones olvidado… pero no por nosotros. Pretendía ser, y lo era, un escaparate con ruedas, para mostrar la más moderna tecnología de Subaru. 10. Toyota Supra (1993) Han existido varias generaciones del Toyota Supra pero la cuarta generación, aparecida en 1993, es la más bonita y la más interesante. Parece que en estos años poner dos turbocompresores a los motores, de funcionamiento secuencial, era un “fijo”. Este 3 litros de 6 cilindros en línea ofrecía, en su versión para Europa, nada menos que 320 CV. Es una buena compra por su robustez, pero están sorprendentemente caros. Espero haber cumplido lo que prometí al empezar. Yo creo que sí, porque ¿hay algunos de estos coches que no te guste? Desde luego, a mí, me gustan todos… unos más que otros… ya veréis porque lo digo.
A further 13 solar photovoltaic (PV) projects have signed agreements with Eskom and government raising to 19 the number of projects that are now set to proceed under the much-delayed fifth bid window (BW5) of South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). All 19 projects, which have a combined investment value of R34.3-billion, were selected as preferred bidders in October last year, when a total of 25 wind and solar PV projects were named. Collectively they will add 1 759 MW renewable capacity to the national grid once constructed, comprising 784 MW of onshore wind and 975 MW of solar PV. The bid window was the first to proceed following a seven-year disruption to the REIPPPP after the then State-captured Eskom leadership refused, in 2015, to sign power purchase agreements with independent power producers. However, the round has faced serious difficulties having been bid ahead of the surge in renewables costs that arose as a result of several Covid lockdowns in China and Russia's invasion of Ukraine. The projects that signed power purchase and implementation agreements on December 8 are 75 MW apiece and will collectively add 975 MW of solar PV to the national grid once constructed. The 13 projects named at a ceremony in Pretoria included: Grootfontein PV 1, Grootfontein PV 2 and Grootfontein PV 3 to be built by Scatec near Touwsriver, in the Western Cape; The Grootspruit and the Sannaspos solar PV projects, being developed by the Engie-Pele Consortium, in the Free State, and the Graspan solar PV project, to be built by the same consortium in the Northern Cape; Total Mulilo's Du Plessis Dam Solar PV 1 project in De Aar, in the Northern Cape; and the Kentani, the Klipfontein, the Klipfontein 2, the Leliehoek, the Braklaagte and the Sonoblomo solar facilities in Dealesville, in the Free State, being developed by the Ikamva Consortium of Mainstream, Globeleq and H1. In September, the first three BW5 wind projects, which are being developed by EDF Renewables and its partners, H1 and Gibb-Crede, signed their project agreements, which was then followed by Red Rocket South Africa, which signed agreements for a further three wind projects in early November. Two of the EDF projects subsequently achieved financial close in mid-November. IPP Office head Bernard Magoro said the 13 projects were expected to reach commercial close by the end of March. Discussions were ongoing with the other six preferred bidders “to conclude the procurement within the framework of the Request for Proposals and the law”. Magoro also confirmed that the preferred bidders that had not yet advanced their projects to financial close under the controversial risk-mitigation procurement round had been given until the end of January to do so.
A further 13 solar photovoltaic (PV) projects have signed agreements with Eskom and government raising to 19 the number of projects that are now set to proceed under the much-delayed fifth bid window (BW5) of South Africa's Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). All 19 projects, which have a combined investment value of R34.3-billion, were selected as preferred bidders in October last year, when a total of 25 wind and solar PV projects were named. Collectively they will add 1 759 MW renewable capacity to the national grid once constructed, comprising 784 MW of onshore wind and 975 MW of solar PV. The bid window was the first to proceed following a seven-year disruption to the REIPPPP after the then State-captured Eskom leadership refused, in 2015, to sign power purchase agreements with independent power producers. However, the round has faced serious difficulties having been bid ahead of the surge in renewables costs that arose as a result of several Covid lockdowns in China and Russia's invasion of Ukraine. The projects that signed power purchase and implementation agreements on December 8 are 75 MW apiece and will collectively add 975 MW of solar PV to the national grid once constructed. The 13 projects named at a ceremony in Pretoria included: Grootfontein PV 1, Grootfontein PV 2 and Grootfontein PV 3 to be built by Scatec near Touwsriver, in the Western Cape; The Grootspruit and the Sannaspos solar PV projects, being developed by the Engie-Pele Consortium, in the Free State, and the Graspan solar PV project, to be built by the same consortium in the Northern Cape; Total Mulilo's Du Plessis Dam Solar PV 1 project in De Aar, in the Northern Cape; and the Kentani, the Klipfontein, the Klipfontein 2, the Leliehoek, the Braklaagte and the Sonoblomo solar facilities in Dealesville, in the Free State, being developed by the Ikamva Consortium of Mainstream, Globeleq and H1. In September, the first three BW5 wind projects, which are being developed by EDF Renewables and its partners, H1 and Gibb-Crede, signed their project agreements, which was then followed by Red Rocket South Africa, which signed agreements for a further three wind projects in early November. Two of the EDF projects subsequently achieved financial close in mid-November. IPP Office head Bernard Magoro said the 13 projects were expected to reach commercial close by the end of March. Discussions were ongoing with the other six preferred bidders “to conclude the procurement within the framework of the Request for Proposals and the law”. Magoro also confirmed that the preferred bidders that had not yet advanced their projects to financial close under the controversial risk-mitigation procurement round had been given until the end of January to do so.
In this Treaty of Paris episode 272, Mental wants a magazine for the bathroom, Jeff wants Hyundai wall art, Chrissy wants pants, and Chris wants a way to protect his caulk. Really, we all talk about our holiday gift list suggestions for you or the gearhead in your life. We found lots of good stuff once again. Bullitt Remake in the works https://www.thedetroitbureau.com/2022/11/bullitt-reboot-steven-spielberg-planning-sequel-to-1968-classic/ Lewis hoons an R34 and gets in Trouble https://www.roadandtrack.com/news/a42084562/rental-company-that-owned-the-r34-lewis-hamilton-drove-is-not-happy/ Mercedes Performance Subscription https://www.hagerty.com/media/news/the-manifold/2022-11-22/ The Gift List Racing Junk Member Deal https://www.racingjunk.com/signup Everything Dovetail Britt utility pants 8/30 - https://dovetailworkwear.com/collections/pants/products/britt-utility-dark-grey-canvas Dovetail Workgloves - https://dovetailworkwear.com/collections/gloves/products/all-purpose-work-glove GearWrench 90 tooth Compact Head Ratchet - https://www.amazon.com/GEARWRENCH-Drive-Tooth-Compact-81220T/dp/B08KHT142T/ Gearwrench Website Deals - https://mail.gearwrench.com/holiday-deals-are-here-1 SK professional X Frame Ratcheting Wrench Combo 7 piece set - https://www.amazon.com/SK-Professional-X-Frame-Ratcheting-Combination/dp/B08J69KVP8/ Top Diag P100 Circuit tester, Power circuit probe, multimeter digital oscilloscope diode tester - https://www.amazon.com/TopDiag-Multimeter-Oscilloscope-Activate-Component/dp/B09N3LK3DL Helmet Visor Cleaner - https://www.stilohelmets.com/products/stilo-anti-fog-helmet-shield-cleaner-acrysol Ear protection headphones with built in bluetooth - https://www.amazon.com/3M-WorkTunes-Protector-Bluetooth-Technology/dp/B07N6XXCWM/ Stilo Tinted Helmet Visor: https://www.stilohelmets.com/products/stilo-replacement-shields Fleece lined work gloves for in the North: - https://www.amazon.com/gp/product/B07YXJHT1J/ Ammeter that plugs into spade fuses, great for tracking parasitic drains: https://www.amazon.com/Electronic-Specialties-Fuse-Buddy-Mini/dp/B083TCDQBH/ref=asc_df_B083TCDQBH/ Nice socks from REI: https://www.rei.com/c/socks Protect your caulk with sealing caps. https://www.amazon.com/AirTite-Preserves-Open-Caulking-Tubes/dp/B07PQSZ5YH Portable Lift - https://www.ezcarlift.com/ Iron and Air Magazine - https://ironandair.com/gift-subscription/ Garage heater - https://www.amazon.com/dp/B0000AXEZV/ Portable power - https://www.amazon.com/Jackery-Portable-Explorer-Generator-Optional/dp/B082TMBYR6/ https://www.thedrive.com/guides-and-gear/best-cyber-monday-portable-generator-amazon-sale Our Website - https://everyoneracers.com/ Download or stream here - https://everyone-racers.podcastpage.io/ https://anchor.fm/everyone-racers - E1R on Anchor.fm https://mfbc.us/m/yp26k6j - E1R Bingo Card https://discord.gg/e94QGE - E1R Discord Server https://www.youtube.com/channel/UCPrTs8wdzydOqbpWZ_y-xEA - Our YouTube
The Industrial Development Corporation of South Africa (IDC) has struck a deal with copper developer Orion Minerals to fund 43.75% of the pre-development costs and facilitate black economic enterprise (BEE) ownership at the Okiep project, in South Africa. Under the terms of the agreement, the IDC will become a major shareholder in the New Okiep Mining Company (NOM), alongside Orion, which will hold 56.25% of NOM's ordinary shares. On becoming a shareholder, the IDC will advance its share of the R79.03-million total budgeted pre-development operating costs of the NOM. Orion MD and CEO Errol Smart said with Orion already having contributed R44.58-million, representing 56.25% of the pro-rata total pre-development budget, the IDC has now agreed on the key commercial terms on which it will fund the balance of the budget to complete feasibility studies by June 2023. “Following hard on the heels of last week's announcement regarding the grant of the South African Tantalum Mining (SAFTA) Mining Right for the Flat Mines area at Okiep, we are delighted to have reached agreement on the key principles for both the inclusion of Mining Charter 2018 historically disadvantaged South African (HDSA) structures and for the IDC to contribute 43.75% of the total budgeted pre-development costs for NOM, marking a significant step towards the broader commercial development of the Okiep copper project,” said Smart. “Having also received the long-awaited grant of the mining right to the core area, we are finally able to complete the required drilling and metallurgical sampling to finalise the optimisation of the feasibility studies which are already well advanced. “The future ownership of NOM with high quality development partners, such as the IDC, Lulamile Xate and our employees and host community, puts the Okiep project on a very solid footing for the near-term development of what we expect to be a very exciting, brownfields copper mining project.” Orion and the IDC anticipate finalising and executing the definitive agreements for the IDC share acquisition and pre-development funding arrangements by the end of September 2022, with the IDC funding to flow during October 2022, subject to fulfilment of conditions precedent standard for such arrangements. The IDC funding of pre-development costs in the amount of R34.5-million will be advanced to NOM on the same terms as the pre-development funding amount of R44.4-million already advanced by Orion to NOM. A 2021 scoping study into the project estimated that the 780 000 t/y operation could have a mine life of nearly 12 years, producing 386 000 t/y of copper concentrate. The study estimated that the project would require a capital investment of A$53-million, and would have a post-tax net present value of A$114-million and an internal rate of return of 37%. Feasibility studies to upgrade the scoping study economics are well advanced, and targeted for completion in the third quarter of next year.
Host Carl Lewis is joined by Rapport sports editor Tinus van Staden and the pair discuss the newly maned T20 Cricket tournament, the SA T20. Topics they discuss include: Why has CSA placed so much importance on the competition? The importance of Graem Smith and his relationship with IPL owners nad BCCI The money behind the SA20 WHo will control the league and what players will be available? Cricket South Africa's new T20 tournament finally has a name in the form of SA20 and its commissioner, Graeme Smith, said player availability is the least of their problems. The league's draft will take place on 19 September to fill out the six teams with 17 players, 10 of which will be local and seven international. From a match-day perspective, the teams will follow the international standard of seven local and four foreign players format. The tournament is slated to start on 23 January, as soon as the Proteas players are back from their three-Test series against Australia. The start of the SA20 will coincide with the business end of Australia's established Big Bash League, but Smith said agreements are in place for individuals who signed for the BBL to leave and play in South Africa. "We have an agreement with the players that we've signed and the BBL has an agreement in place that allows players to take part in a portion of the Big Bash," Smith said. "They have a different structure this year, so the players in our league who have signed up will be there up until the early days of January so that they will be available. "They'll be released to come and play here, from where they'll be fully available for the South African league." The six teams based in Johannesburg, Pretoria, Durban, Gqeberha, Paarl, and Cape Town will have a purse of US$ 2 million (R34 million) for player acquisitions, some of which have been used. Smith said the acquiring of players hasn't been easy, but they're in the process of sorting out player registration for the tournament. "We've managed to attract quality players and a large part of our group will be South African players," Smith said. "We've got an extensive list of international players that we're sorting out for the auction. We're still finalising some of the auction details and we're sorting out the player registration because of the large number of players. "There has been an element of pre-signing that has been taking place and the teams have a purse of $2 million that already includes the pre-signed players." The SA20 is CSA's third attempt at a viable T20 tournament after the failures of the Mzansi Super League and the Global League T20. Smith hoped that this tournament can have a life of its own that makes it stand out as a brand. "The name is very simple, but this is something that we can own and bring to life," Smith said. "A lot of work has gone into it and we're very excited with what we've done and what we can create going forward. "We hope it's a brand that brings cricket together, along with new fans."
Platinum group metals company Northam, which refined 9.7% more metal than the prior year in the 12 months to June 30, on Friday forecast capital expenditure (capex) of R5.4-billion for the current 2023 financial year – up on the R4.6-billion of 2022, and reflecting the progress of its expansionary projects. The year's lower metal prices and the above-inflation cost environment, offset a 12.8% growth in sales volumes for the Johannesburg-listed company, headed by CEO Paul Dunne, which reported 48.3%-margined earnings before interest, taxes, depreciation and amortisation (Ebitda) of R16.5-billion on refined metal up at 716 488 four element (4E) ounces. Revenue of R34.1-billion, operating profit of a 7.6%-lower R14.9-billion and after-tax profit of R9.8-billion were achieved in the 12 months to June 30 when unit cash costs rose 18.9% to R34 069 per platinum ounce amid lower 4E metal prices. With group generated cash flows from operating activities of R11.4-billion, Northam invested R8.4-billion in the composite Transaction and a further R8.4-billion in the Royal Bafokeng Platinum (RBPlat) acquisition. This, together with ongoing investment in expansionary capex resulted in net debt increasing to R16-billion, including the deferred portion of the purchase consideration relating to the acquisition of the RBPlat shares, amounting to R1.7-billion as at June 30. Commenting on the group's debt position, Northam CFO Alet Coetzee reiterated the company's comfort with a self-imposed long-term net debt to Ebitda ratio of 1 to 1 in the pursuance of the group's growth strategy. At financial year-end, the debt ratio was 0.97, falling within the self-imposed target. Coetzee pointed to the net debt approximating the value of Northam's 34.52% investment in RBPlat, which is a liquid asset, and the R18.8-billion year-end value of 4E inventory. The share of earnings from RBPlat amounted to R777-million, and the holding enabled Northam to benefit by a total of R781.7-million from two dividends declared by RBPlat. SOLAR POWER FARM Work has started on the development of an 11 MW solar power farm to provide electricity to the metallurgical complex. The design and permitting phases have been concluded and earthworks are in progress. With recycling, a measured approach is being maintained. A dedicated smelter circuit to treat recycling material at the Zondereinde facility was commissioned in May 2022, enhancing ability to treat high-grade recycling products from various sources. PROSPECTS FOR YEAR AHEAD Looking to the future, Dunne pointed to the three upper group two (UG2) mining modules at Booysendal South being commissioned and engineered and contributing to the group production forecast in a range of 770 000 oz 4E to 810 000 oz 4E. At the same time, Dunne cautioned that key factors critical in impacting future financial results would be safety performance and health and wellness of employees, growth strategy delivery, the results of project execution phases, and the success of developing optionality in the market TWO FATALITIES AT ZONDEREINDE Eastern limb community unrest and lower ore grades lowered Booysendal production and Zondereinde tragically suffered two mining-related fatalities. Booysendal's fatality-free safety record remained intact. Growth projects at Zondereinde's western extension and Booysendal's South mine progressed while Eland's ramp-up continued, with synergistic benefits from Maroelabult. The development of Booysendal South is progressing well despite work stoppages due to community unrest in the region. Underground development and stoping ramp-up at Booysendal South's central UG2 modules is progressing and decline development at the south Merensky module is on track. Underground stoping has commenced at the BS4 UG2 module and will ramp up over the coming 12 months. The Booysendal North aerial rope conveyor, commissioned in December, is operating within design parameters. At Eland mine, processing of ore from surface sources co...
Consultancy XA Global Trade Advisors says billions of rands in revenue have been lost to the fiscus owing to long overdue customs duty decision-making, while also having more far-reaching implications for industries and trade and investment. If all of the cases that required changes to customs duties had been finalised – and granted – on time, it would have ensured a collection of R1.25-billion by now, cumulatively, for every case that is long overdue. Some cases have remained unresolved as long as three years, but XA Global founder and CEO Donald MacKay says tariff investigations should take four to six months, as per the rules of the International Trade Administration Commission (Itac) which is South Africa's authority on goods movement across borders. MacKay and his team conducted research into delays experienced with customs decisions at Itac and the ministries of Finance and Trade, Competition and Industry, and found that the average days taken for tariff investigations has increased to an average of 320 days since 2015, compared with an average of 191 days between 2009 and 2014. He states in the XA Open Cases Report, which can be found at, that as localisation becomes more firmly driven, the behaviour around tariff policy is taking increasingly longer. In addition to the fiscal losses of revenue, another R2-billion has been collected in duties for goods not made locally, adding a R2-billion cost to industries without actually protecting domestic industry. South Africa collects about R55-billion a year in customs duties, so these delays are equivalent to more than 5% of the country's total customs duty collections. MacKay says the expectation is not for Trade, Industry and Competition Minister Ebrahim Patel to impose fewer or more duties, but to effect a quicker turnaround time for decisions on proposed duties to be made. He elaborates that, of the 46 cases that are currently overdue and that have averaged 16.4 months since their initiation, the bulk of delays have been caused by the Finance and Trade, Industry and Competition ministries, with most cases leaving Itac's desk “fairly quickly”. Of the last three years' cases, 58% are overdue. The rebate review and duty increase cases are most often delayed, with the average days since initiation at 834 and 771 days, respectively. For example, tyre manufacturer Sumitomo asked for duty relief on Styrene-butadiene rubber, a raw material used to make tyres, as there are currently no local manufacturers of the material in the Southern African Customs Union region, and customs duties for this item impose additional input costs in the tyre manufacturing process. This decision has been 22 months overdue at a cost of R34-million in the meantime. Another example is that of value-added meat products manufacturer BRM, which has asked for a rebate of duties on chicken wings, since the company cannot find a local producer willing to commit to its volume requirements. The decision has been nine months overdue at a cost of R93-million in the meantime. MacKay says most businesses will prefer a rejected application as opposed to pending, delayed or unknown outcomes that put vital investment decisions on hold and businesses taking strain over input costs unnecessarily. “These delays are enormous and, most importantly, unnecessary, because the problem can be quickly resolved. Most of these cases have been fully investigated by Itac and simply need to be signed off by the Ministers. Meanwhile, MacKay says there is much confusion legally as to the role of the Finance Minister in customs duties. During Malusi Gigaba's term, he defended twice in court his right to take the final decision in respect of implementing duties; however, this role is not specific in the current tariff regulations or other related pieces of related regulation. MacKay says the regulations have to be amended to make the role of the Finance Minister in this regard clear. He also deems it necessary for an expiry period for ...
*Trigger Warning: If you are creeped out by clowns, this might not be your episode.* Shake what Pennywise gave ya as Ghost and Pope delve into the pain of finally hitting the wall on R34 availability, go deep into FROMSoft's awesome game output, and in general talk about content that would make The Dancing Clown himself blush. Because, ya know. Clussy. ... That is a really funny word. Like, sometimes I have to wonder WTF is up with the internet. Y'all need Jesus, every one of you. Including me, but he never shows up to "Poker and Other Assorted and Unnamed Vices" night, so it's unlikely that we'll run into each other. I'm just waiting for the audio to upload and have nothing to do, and I'm ADD AF, so now I need something to occupy my attention. How'd y'all like the new Jurassic World? I thought it was pretty dope, to be honest, if you just forgive its flaws. You kinda have to do that with every movie, though. For example, Citizen Kane is a dope movie, if you forgive the flaw that it SUCKS. The only movie I can think of that I've ever seen that is without blame is probably Beavis and Butthead Do America. They set out to do something and did it well. We need Mike Judge to get out of animation and like directing the MCU movies or something. I can see it now, Iron Man calling Hulk a fartknocker. End Game was kinda a big deal, but I think this is the crossover we've been waiting for. Wait, when Thanos snapped, did it erase Beavis and Butthead? Or half of the TMNT? So many questions unanswered. You might be thinking "Pope, it's a movie, calm down". Well, I haven't seen that movie, so of course I have questions. Also Thanos looks like an abused ballsack. No hate on Josh Brolin, though, he's dope. Have you ever had friends hype about something and you just can't bring yourself to give a flying shit about it? That's me and Marvel movies. Formulaic, uninspired, and boring, at least the few I've seen. And, of course, DC decides to rip them off and do it worst despite DC having better characters. I mean, what were they thinking? Audio is processing now. Guys and gals, I'm a low typist. I've been sitting here for ten or so at this point. I could have uploaded a MP3 instead of WAV, but you guys deserve the best. So here I sit on my Sunday morning typing just to pass time. OH IT'S DONE ENJOY THE EPISODE BYE. Website: www.beetlemilk.com Twitch: Twitch.TV/Ghostbody
Chief Justice Raymond Zondo has recommended that former Free State premier Ace Magashule, "Gupta Minister" Mosebenzi Zwane, and Tony Gupta be investigated over the Vrede dairy farm project, which he condemns as a "complete disaster". He also suggested that Zwane and Magashule should be sued to recover money lost as a result of their alleged conduct in relation to the alleged scam. Tony Gupta is currently in custody at a Dubai police station. He and his brother, Atul, face possible extradition to South Africa in connection with the R24.9-million Nulane Investment scam – which was a precursor to the alleged R280-million Vrede fraud. It is unclear whether the National Prosecuting Authority (NPA) will charge him and his family members in connection with the project. Magashule, meanwhile, is facing charges linked to the so-called "asbestos scam". This scam saw millions earmarked for the removal of asbestos from the homes of the Free State's most impoverished residents allegedly being funnelled into the pockets of ANC bigwigs and government officials. Magashule denies all wrongdoing. In the last part of his report, Zondo not only recommends that Magashule and Zwane face criminal investigation over Vrede, but also slams them for failing to perform their oversight functions as then-premier and MEC. He previously condemned them for this failure in connection with the Free State's R1-billion housing project debacle, where houses promised to the poor were never delivered. Zondo has now recommended that the Free State government get legal advice over whether it should sue Magashule and Zwane "to recover such monies as may be recovered from them that were lost by the [Department of Agriculture and Rural Development] in the Vrede Dairy Project as a result of their failure. to perform their legal obligations". "It is necessary that there be consequences for people who fail to do their job. Otherwise, this corruption and these acts of state capture are going to continue forever to the detriment of the country and all people. Neither the Provincial Legislature nor the ANC called the Premier to account for the Asbestos Project and the R1 billion Housing Project Debacle. Premiers must know that they must supervise the MECs and their Departments," Zondo stated. While the Guptas repeatedly sought to distance themselves from the Vrede project, Zondo pointed to testimony by Magashule's former director-general, Elizabeth Rockman, to demonstrate that the Guptas were involved in the scheme. The project was justified on the basis that it would empower at least 100 poor black farmers. Rockman testified that she had met Tony Gupta on 6 April 2013, when he "requested the outstanding payment to Estina (the Gupta-linked "implementing agent" in relation to Vrede) in respect of the dairy project". Just 12 days later, a payment of R34.95-million was made by the Free State government to Estina. A further R30-million was paid eight days later. Rockman had been invited to the lavish Gupta wedding at Sun City, which was alleged to have been funded by Estina cash, but didn't attend. Rockman also revealed that she had subsequently met with Tony Gupta in February 2014, and had discussed media reports about the death of cattle linked to the Vrede project. In his findings on Vrede, Zondo painstakingly documents how the project, which was originally estimated to cost R13-million and later ballooned to a proposed cost of R572-million, repeatedly breached procurement processes. To make matters worse, Estina was an IT company, with no experience in effective and sustainable dairy farming. The Estina contract was cancelled in August 2014 following media reports about how the Gupta dairy farm had flouted Treasury rules, and a damning Treasury-initiated investigation into the project. Despite this cancellation, R106.2-million in payments were subsequently made to Estina. Magashule declined to give evidence about his oversight of the project or respond to testimony by his fo...
There has been no improvement in the audits of South Africa's municipalities, Auditor-General (AG) Tsakani Maluleke has announced, with only 41 out of SA's 257 municipalities receiving clean audits. Of the 41, 22 were in the Western Cape, two in Gauteng, five in the Northern Cape, four in the Eastern Cape, one in Limpopo, four in Mpumalanga and three in KwaZulu-Natal. For the fifth year running, not a single Free State municipality received a clean audit. Meanwhile, only a quarter of municipalities submitted their financial statements to her office on time. "What we see looking at this year's audit outcomes is there is no improvement in the status of transparency, accountability, performance or integrity of local government," said Maluleke. She said that compared to five years ago, 61 municipalities had improved their audit outcomes, while 56 had regressed. This showed that her office's interventions to improve financial management were not being taken seriously. "There hasn't been much movement in the right direction." The AG said that poor or non-existent record-keeping was again bedevilling many municipalities, who often employed expensive consultants to try to make sense of their financials. At times, she said these consultants were employed to do the "very basics," such as VAT and tax returns, even though the municipalities have staff to do this. The Chris Hani municipality in the Eastern Cape, for example, paid a consultant R34-million for VAT submissions. "You have to ask the question, where is the municipal manager? Where is the mayor?" Worst of the worst Maluleke said that 25 municipalities received a disclaimer audit opinion from her office, while nine didn't even submit enough information for an opinion to be hazarded. A disclaimer is the worst result a municipality can receive from the AG, indicating that its financial statements have no value. "If you are unable to do the very basic thing of showing what you have done with public funds, it demonstrates that you have no commitment to living up to your moral obligation to serve as a steward," she said. "It shows that you have absolutely no will in drive transparency and no interest in demonstrating accountability," She said her office dug into the financial statements of 10 of the worst municipalities to see if they could follow the trail of what they did with their money. For six of these municipalities, her office could not find out who was paid or calculate the rand value of what they spent. "We are none the wiser about where the money is gone," she said.
This 1200HP RB26 powered R34 GT-R Skyline is always one of our favourites at the World Time Attack Challenge.Want to learn how to EFI tune? Start with some free lessons right here: hpcdmy.co/tunebIt's easy to talk about the likes of this 1200HP RB26 power plant and just assume it's going to be quick, but in reality, there is so much more to putting in a fast lap time than a few high power dyno runs and Mark McCoy of MoTeC is here to help explain where some drivability and pace is recovered using the R34's 4WD system.With the factory Nissan Attesa controller removed a MoTeC dash takes over control of the setup allowing to start dialling in the basics via throttle position and speed through to enabling the team to dial in the system for every corner on the track according to lap distance.The advantages of lap distance vs GPS/GeoFence technology is discussed along with what data is used to help tune the setup along with how it all operates in the first place.
As the Department of Water and Sanitation (DWS) tables its budget for the next three financial years, Minister Senzo Mchunu has committed to ensuring that the department manages its significant budgets responsibly and effectively. On May 13, Mchunu tabled a combined budget of R111.25-billion for the DWS and the Water Trading Entity over the medium-term expenditure framework (MTEF). This comprises allocations of R34.97-billion, R37.33-billion and R38.95-billion in the 2022/23, 2023/24 and 2024/25 financial years respectively. On the main account, the DWS was allocated R59.6-billion – R18.5-billion in 2022/23 and R20.1-billion and R20.9-billion in 2023/24 and 2024/25 respectively. The main account budget includes R37.43-billion of conditional infrastructure grants for municipal water services, including R19-billion for the Regional Bulk Infrastructure Grant, which will be spent on 113 different projects across South Africa, and R14-billion for the Water Services Infrastructure Grant, which will be allocated to more than 200 projects across the country, Mchunu commented. The Water Trading Entity, which largely relies on revenues from the sale of water, augments its budget for the development and management of national water resource infrastructure with a MTEF allocation of R9.55-billion. In total, the medium-term expenditure estimate for the Water Trading Entity is R51.6-billion, comprising R16.4-billion, R17.2-billion and R18-billion in 2022/23, 2023/24 and 2024/25 respectively. “At the end of the recent financial year, the Water Trading Entity was owed R24.57-billion by the customers that it sells water to. Municipalities and water boards account for 65% of this debt. Municipalities owed the water boards R13.94-billion, owing to non-payment by their water users. This in turn resulted in the water boards owing the department R7.6-billion.” Direct municipal debt to the department amounted to R8-billion. “It is critical that government as a whole, addresses the problem of poor revenue management and debts in the water sector. If this problem is not addressed, we will not see a sustainable improvement in water and sanitation services,” he warned, noting that the DWS is working with National Treasury, the Department of Cooperative Governance and Traditional Affairs and the South African Local Government Association on solutions to this issue. “The underlying problem that we all need to focus on is weak billing and revenue collection at municipal level.” Mchunu assured that the department had strengthened expenditure management and compliance enforcement to minimise unauthorised, irregular, fruitless and wasteful expenditure, an effort which resulted in no new unauthorised expenditure incurred in the 2021/22 financial year. “Irregular expenditure which is still appearing in the department's audit reports relates mainly to contractual obligations from prior periods, which have a carry-through effect on current running contracts,” he explained. The cases where investigations into unauthorised and irregular expenditure have been concluded and recommendations implemented have been submitted to National Treasury for condonation and the department is working on finalising the remaining cases of irregular expenditure. Further, the DWS has requested the CFO to prepare an action plan towards the department achieving a clean audit. Historically, the DWS has underspent on its allocated budget, particularly the budget allocated for infrastructure projects. “This is unacceptable in the context of the water and sanitation challenges facing the country, and we have requested the director-general and CFO to focus on addressing this in the current financial year,” Mchunu commented, adding that the director-general has indicated that he and the CFO are instituting improved project management, infrastructure procurement and delivery management and expenditure management systems and processes in the department to address this. Meanwhile, several DWS ...
Ask.Uninfluenced@gmail.com Welcome to another Monday Q&A with the guys answering your questions. On todays episode we talk about the R34 being overrated as well as good starter car. Remember to submit all your questions to Ask.Uninfluenced@gmail.com! Subscribe for more Uninfluenced: www.youtube.com/Uninfluenced Check out Mike Drop for more from Mike Ritland: www.youtube.com/MikeDrop ---------- Time Stamps 0:00- Intro 0:53- Qualified or not 2:07- Rare trigger case 4:46- Thoughts on Hormone replacement 8:42- Priority of mods 12:30- Good starter cars 15:36- Good driving schools 19:08- Do you think revolution in a country 20:59- Porshe, F150, Audi, Ferrari 24:38- Never been around supercars 27:40- Car questions 29:21- You guys have a get home bag in your cars 31:31- Are you going to build a car from the ground up 32:19- Are R34's over rated 34:00- What would you you rather have 34:41- Going out to eat at a Chinese restaurant 37:37- Beard products 39:50- Looking into dog training and plumbing to 43:08- Best car under $40,000 43:55- Most common myth about your profession 46:00- How has your family life been 50:04- Childhood nickname 50:47- Mike told use at a car meet 51:53- Where is Rohan 54:32- Do you think all electronics gadgets are taking the fun out of driving 58:26- Mclaren clip 1:00:19- Outro --------- Support the Show: ► Support Uninfluenced on Patreon: https://www.patreon.com/Uninfluenced ► Official Uninfluenced Merch: https://www.bonfire.com/store/uninflu... ---------- Support Mike Ritland: ► Support Mike Drop on Patreon: www.patreon.com/MikeDrop ► Dog Treats, Training, & More at Fueled by Team Dog: www.mikeritlandco.com ---------- Stay Connected: Follow Matt Holden: www.facebook.com/realtalkwithmatt Follow Mike Ritland: www.facebook.com/mikeritlandco
Ahead of the planned start of strike action by many employees of Sibanye-Stillwater's South African gold mines at the evening shift on March 9, Sibanye CEO Neal Froneman has remained steadfast, stating that the offer made on February 4 in an attempt to reach agreement on wages was “final”. “Wage increases that are higher than inflation are not sustainable and cannot be considered,” he stated on March 8. Froneman insisted the offer was fair in that it took into consideration current inflationary living costs, and considered the sustainability of the company's South African gold operations and the interests of all stakeholders for the long term. Wage negotiations between the company and workers represented by four unions – the Association of Mineworkers and Construction Union (AMCU), the National Union of Mineworkers (NUM), Uasa and Solidarity, have been ongoing since June last year. Solidarity and Uasa have accepted Sibanye's latest wage offer, but AMCU and the NUM intend to proceed with strike action. “It is very disappointing that the two unions have chosen this course of action despite our ongoing engagement. There are no winners in a strike. Not only would strike action undermine employment and the livelihoods of many people who depend on the South African gold operations, but employees will gain little to nothing from it,” Froneman said. Under the terms of the latest offer, Category 4 to 8 employees would receive an average increase of 6% in the first year, 5.7% in the second year, and then 5.4% in the third year. This would amount to employees receiving an R800 a month pay rise each year, which would include a R100 increase in the living out allowance each year. Sibanye said that, in rand terms, the inflation-linked increases would result in wages for entry-level Category 4 underground production increasing by about R34 397 over the three-year period to an average total guaranteed income of about R245 110 a year. Meanwhile, miners, artisans and officials would receive a flat increase of 5% year-on-year for the three years. “We urge employees to carefully consider the consequences of strike action on them personally and collectively. Strike action will only serve to jeopardise the sustainability of our gold operations and, ultimately, their futures,” Froneman concluded.
At least 19 people have died at the weekend following a head-on collision on the R34 road between Bloemhof and Schweizer Reneke in the North West. The deceased was allegedly traveling from Ipelegeng township of Schweizer-Reneke to Bloemhof. Two females and a child survived the accident. For the latest, here is the North West Department of Transport spokesperson Boitshoko Moremi
It's November 2021, and this is the sixteenth Audio Episode of “The Shyft Lift”, the regular news digest of the App for the globally-minded, based in South Africa. Find out more about the first African digital currency to be launched on the continent – the eNaira. https://www.youtube.com/watch?v=hOnaAdoUkLw In 2020, South Africa exported 271 000 vehicles worth R120 billion, despite the pandemic. https://www.youtube.com/watch?v=6Vcdv5Ho-hs Nigeria, Egypt, Morocco and Angola are the African states with the largest forex reserves of over $15 billion. https://www.cnbcafrica.com/media/6273402161001/ From June to August 2021, SA recorded new vehicle sales of R34 billion, used vehicle sales of R33 billion and fuel sales of R42 billion. https://www.youtube.com/watch?v=FYD_wJ96eG8 The general fuel levy amounted to about R83 billion in the 2021/22 budget and is an important source of tax revenue. https://www.youtube.com/watch?v=Rtgj8rZqR4M In 2021, so far, four African fintech firms have achieved or surpassed a billion-dollar valuation – which more than doubles the number of “unicorns” on the continent. https://www.youtube.com/watch?v=236STzCWXzc Is tax admin your kryptonite? Maybe you're interested in buying shares or investing offshore, but unsure about all the paperwork? We explain how to stay on the right side of SARS as an international investor. Squid, a digital token inspired by Netflix's record-breaking Squid Game, has been exposed as an apparent scam (https://www.youtube.com/watch?v=byu5mo532nk). The World Bank Group's International Finance Corporation (IFC) is partnering with SA's Liquid Intelligent Technologies to grow data centre capacity and roll out fibre-optic cable on the continent (https://www.youtube.com/watch?v=Y-cu6Xy9GfE) and Apple CEO, Tim Cook weighs in on screen time and our well-being (https://www.youtube.com/watch?v=VrBvL6AX7lg). Shyft is an app for global citizens, based in South Africa. It helps you buy, send, and store local and foreign currency - anytime, anywhere, directly from your mobile. Visit getshyft.co.za to download the app. SHYFT operates under the license of The Standard Bank of South Africa Limited, an authorised Financial Services Provider (FSP number 11287). --- Send in a voice message: https://anchor.fm/standard-bank-southafrica/message
Dr. Kiara Alvarez is a child clinical psychologist, a researcher focused on mental health inequities in the field of youth suicide prevention and the wellbeing of Latinx and immigrant youth and their families. She is also an alumni of my Get That Grant coaching program and an ongoing amazing coaching client.Take a listen to hear some real behind the scenes of her coaching journey:- What her ‘unicorn' criteria were for finding a coach- Securing a K23 in a well-respected institution and something still being off- The coaching tool that finally helped her gain a unifying clarity on her career goals- Finding sanity and a different relationship to work in the midst of a pandemic with a 3-year old at home- How shifting to see grants as the tool, and not the goal, led her to do something she'd never done before with her R34 application- What it's really like to be in a radically authentic community with a shared processIf you loved this convo, please go find Kiara on Twitter (@kalvarezphd) and show her some love!
Construction is due to get underway in both Australia and the Karoo here in South Africa, on the Square Kilometre Array, the world's largest radio telescope network. The two telescopes are currently referred to as SKA-Low and SKA-Mid which describes the radio frequency range they will each cover. The cost of building them, together with the associated operations and business-enabling functions, over the period 2021 to 2030 will be slightly under €2 billion, or almost R34 billion. This week, the South African Radio Astronomy Observatory, SARAO, also announced that the MeerKAT radio telescope, a precursor to the SKA, has discovered a group of 20 gas-rich galaxies. It says its rare to detect a group with this amount of members and so much neutral hydrogen, suggesting that it is still in the process of assembling. We speak to SARAO's chief technologist, Professor Justin Jonas. See omnystudio.com/listener for privacy information.
eThekwini Municipality lost R34 billion due to the Covid-19 pandemic's impact on the city's economy.
Rob joins us this week to share the story of how he came to own such an iconic TV and film vehicle, the General Lee Dodge Charger from The Dukes of Hazzard.Check out our Instagram @mickandoriSend us an email at mickandori@gmail.comCheck out the Mick and Ori website
We are back for episode 178! We were a bit loopy this episode, so prepare your ear holes for chaos. Mitch then kicks off the news this week with Honda potentially reviving the S2000 for 2024, based heavily on the FK8 Civic Type R, but rear-wheel drive, Mitch and Matt then argue over whether Mitch should get a 200 Series. Mitch then rants about a particular chinese-made trailer company that features often on a particular Australian four-wheeling YouTube channel, before Mitch talks about Volvo going entirely electric in the near future; dropping all internal combustion engines from their range. Joseph then talks about the 2021 model up date for the Kia Stinger, which includes a whole extra 2kw of power! Joel then has news/stats about used car prices being up 32%, and that the used car prices are a massive bubble, and then we argue about Aston Martin V8 Vantage Vs. Porsche 911. Joseph then talks about the Nissan Heritage program that Nissan has started for the R32, R33, and R34. We then end by playing 'The Debate'. Find us on Facebook, Instagram, Twitter and at www.gearsandbeersmedia.com / www.unashamedlyunprofessional.com We have a merch shop! Gears and Beers Podcast is hosted by Mitchell Denham, Matthew Morwood, Joseph Riga, and Joel McD. Unashamedly Unprofessional
When you've gotten your debt and spending under control, it can be comforting to hold on to your free cash for a while. Taking the leap from that safe pile of money to the Big Bad Market is not easy. However, as we've discussed before, cash is not a risk-free investment. The longer you sit on a lump sum of cash, the more risky it becomes. This is because of inflation. The effects of inflation are difficult to internalise because the rand value of your money stays the same. Let's say you put R100,000 in a low interest cash account today. The interest you earn is enough to cover the annual cost of the account, but nothing more. At an inflation rate of 5.5%, in 10 years you'd only be able to buy what R58,543 can buy you today. The rand amount is still R100,000 so it seems like you haven't lost anything, but you can afford half of what R100,000 can buy you today. In 20 years your bank statement would still reflect R100,000, but you'd be able to buy what R34,272 can buy today. As you can see, the inflation risk increases every year. This week we help three listeners figure out how to put their cash lump sums to use. The checklist we managed to come up with for a cash lump sum is as follows: Fund your tax-free investment vehicle: Commonly referred to as tax-free savings accounts or TFSAs, these products should be every South African's first investment. As an investor you are liable for dividend withholding tax, tax on interest and capital gains tax outside of a tax-free account. As we discuss in this week's episode, these accounts are not meant for cash savings. Don't speculate unless you can afford to lose the money: While cash makes it easier to capitalise on investment opportunities as they present themselves, cash can also make it easier to hop on a bandwagon that's not suitable. Don't invest your cash into a speculative investment (think alternative asset classes, sub-indices or individual companies) unless you can afford to lose that money. Lump sum vs average: While the math shows us investing an entire lump sum in one go makes more financial sense in terms of potential future earnings, going into the market one small investment at a time is a legitimate option if you're scared. If this is your first investment, think of it as a teaching tool initially. Once you feel more confident, you can add the rest. Work out the future value: If cash is giving you a feeling of safety, find an online calculator to work out the future value of your lump sum using a 5.5% inflation rate. Now play around with higher or lower inflation rates. Hopefully seeing the value of your investment deplete will be the motivation you need to get going. Diversify: If you're holding on to a large amount of cash, you are not diversified. Make sure to put your money to work. Subscribe to our RSS feed here. Subscribe or rate us in iTunes Win of the week: Matt: If I earn a salary from a foreign company and then decide to do the nomad thing and travel around low cost of living countries for, say, a year but remain a tax resident in SA. My understanding is the first R1m earned will be tax exempt- is that the case? “Tax residents in South Africa will be taxed on their worldwide income. But that is dependent that they're still SA tax residents. Offshore salary earned is taken into account. R1.25m ito the latest tax amendments will be exempt from tax in SA.” Harry This was mainly due to the fact that I did not know what the best option was, and my new employer only offered a provident fund.. I've been maximizing my tax benefit with my new employer provident fund. I'm also sitting on cash in a savings vehicle with my bank, currently returning around 3-3.5% interest. I'm living rather small (renting only, no debt of any sort) and have quite a bit of money to invest/save every month. What would you advise I do with my portfolio? The preservation fund? Should I keep maximising my provident fund contribution? What about my cash savings account? Should I consider taking money out of the country? Investing offshore? Joe I know we may have missed the boat both with gold and Tesla, would you suggest we go for an ETF with some gold in them? We don't mind going moderately aggressive. Steven I currently have free cash in my TFSA with ABSA Stockbrokers. Besides the fact that its not earning that much in the way of interest, they also charge a 1% service fee annually, which I believe is based on the value of the funds in the account? I'm reluctant to invest in the market right now as I feel there's no value and would prefer to wait for a correction, when it eventually comes? Although I have no previous experience investing in bonds I am thinking this could be a suitable option at this time. Looking specifically at the Stanlib Global Government Bond (ETFGGB), it seems to be doing very well so far but is this mainly due to the Rand's weakness over the past few years as opposed to any other factors? Considering that this is a reasonably low risk product, is it currently a better option than investing in a regular cash instrument which is offering such low yields at the moment? According to the fact sheet the time frame for this ETF is 3 years so assuming my investment period was 1 year or less, would you say that this is not going to be suitable? Santosh Based on FIRE (my FIRE btw is Fuck It, Retire Early) the rule is to have around 250 - 300x monthly income. So Kris, I know your FIRE number is R7M as you've stated this. so assume you have the R7M already and are still work and assume is sort of split into Cash, Bonds, Stocks and Property. If this portfolio yields you a modest 6% PA it amounts to your investments paying you R420,000 PA - Gross. Now this is gonna have a major impact on the tax you'll pay as there's no way that you can "hide" this from SARS and there's no way your PAYE accounts for this. You're gonna have to pay SARS either way. I know one of the solutions is to dump it all into an RA but then you are not liquid and you'll pay the tax in the future anyway. I'm sure the other FIRE guys like Patrick, Stealthy face this. What's the solution ? Does on just lap it up & pay the tax comforted in the knowledge that they're paying tax cause they've made money This tax liability is quite substantial as if you're an average earner, it pushes you 2-3 tax brackets higher and if you're a HNWI, even an increase of 0.2% of your taxable income can add R20000-R50000 to your tax bill for that year. Leon For the inflation linked option, the capital balance would increase by the cpi calculated rate at payment dates and interest is fixed at 5% of capital. The website mentions an index ratio calculated by cpi divided by base ratio or value, do you know where this base value(divisor) is obtained from? It only mentions that the cpi (numerator) is obtained from Stats SA. The fixed rate on the inflation linked 10 year bond is at an all-time high of 5%? Is this an opportunity to lock in a great rate or are the fixed rate bonds still the better option? It seems like there is more upside potential on the inflation linked bonds as it is unlikely cpi will remain at current lows over the 10 year period. I may be incorrect but it seems both options offer the roll over or restart option so you could capture any improvement on the fixed rates either way. Ross There is an awesome book by Andrew Hallam - "Millionaire expat" that details expat investing (He details options for people all around the world) He also has a blog. Another is Bogle heads investing advice and info based on Singaporean expat investing.
JSE-listed engineering and construction group Murray & Roberts (M&R) is “holding on” to its South African-aligned business unit that focuses on power, industrial and water despite the fact that its contribution to the group’s R54.2-billion order book has slumped to less than one percent, or only R400-million. By contrast, M&R’s energy, resources and infrastructure platform, which is headquartered in Australia, but also has global activities, reported a record order book of R34.4-billion at the end of June, which helped lift M&R’s overall order book to its highest level in 15 years. The group’s mining platform, meanwhile, had a backlog of nearly R19.4-billion, down from the R22.8-billion backlog reported in June last year. The sub-Saharan Africa portion of the group’s mining order book helped lift the region’s overall contribution to 24%, with the balance of the backlog associated with projects in Australasia, North America, Europe and Asia-Pacific. Orders attributable to the power, industrial and water platform, meanwhile, have been shrinking as work related to the giant Medupi and Kusile coal power stations has tapered in recent years. CEO Henry Laas says questions continue to be asked as to why the group, which has been restructured into a specialised, multinational engineering and construction group and which sold its South African building and construction unit in 2018, continues to retain its power, industrial and water platform, which operates exclusively in the Southern African market. “My standard answer is that we will hold on to this business for as long as it doesn’t cost us too much money, purely because of the opportunity that we believe exists in South Africa if we can get to a point that there is investment happening again.” Laas believes there is particular opportunity in the water sector, where billions of rand needs to be spent to repair and expand the country’s water infrastructure. Likewise, large investments are required across generation, transmission and distribution to address the country’s power crisis. “In the short-term, however, the only real opportunity that we see is in the overland transmission and distribution sector and you will recall that we have acquired, in the past year, a company called Optipower, which provides this type of service. “There is quite a big value of work that is out on tender from Eskom that hasn’t been adjudicated yet, but we believe we are well positioned to secure a sizeable portion of that.” In the medium term, M&R is also positioning itself to participate in the liquefied natural gas (LNG) developments unfolding in northern Mozambique. Despite serious security concerns, a Total-led consortium is moving ahead with a $20-billion project to develop the Golfinho and Atum gasfields and to build a two-train liquefaction plant with a yearly capacity of 13.1-million tons of LNG. The project is scheduled to enter production by 2024. “The work we are positioning ourselves for is not going to impact our business before our 2022 financial year,” Laas reports. M&R estimates its near-term project pipeline in South Africa at R9.8-billion, which remains modest relative to pipelines of R66.4-billion and R45.1-billion across its energy, resources and infrastructure and its mining platforms respectively. “Nevertheless, we are hopeful that the decision by government to invest in infrastructure as a means of reigniting the South African economy will materialise and that that will present opportunity for this platform,” Laas says. “Unfortunately, there is limited investment happening in South Africa as we speak, so we do expect that there will be a bit of a dry season maybe for the next 6 to 12 months due to a lack of project opportunity. “That is reflected in the platform’s order book which declined to R400-million from R900-million in 2019. When you compare that to the other two platforms, it really is just a drop in the ocean.”
Dr. Groessl is an Associate Professor in the UCSD Department of Family Medicine and Public Health, and he is a Principal Investigator in the VA San Diego Health Services Research and Development unit. He has served as Center Director of the UCSD Health Services Research Center since 1999. He received his Clinical Psychology Ph.D. in 1999 from the SDSU/UCSD Joint Doctoral Program with a specialization in behavioral medicine/ health psychology. Dr. Groessl conducts research in the general areas of: • Integrative Medicine • Cost-effectiveness • Health-related quality of life • Patient self-management • Veterans and military health Currently, he is completing an NCCIH-funded R34 study comparing two types of yoga for military personnel with chronic low back and neck pain. He also is leading a 2-year VA-funded randomized feasibility trial studying the benefits of yoga combined with mantram repetition for veterans with chronic pain and PTSD. Finally, he is a co-investigator on a large VA Cooperative Studies Program project (The SCEPTER Study) that will compare yoga to other non-pharmacological treatments for chronic low back pain in veterans. --- Send in a voice message: https://anchor.fm/didyoumovetodayco/message Support this podcast: https://anchor.fm/didyoumovetodayco/support
There's times where you just can't do it yourself, thankfully technology is there to back you up if you ask for help. Glenn is dancing in the rain mentally as he and the team is cooped up in isolation, Tyler's trying to draw R34 art, and Nik wants to share with the world the joys of medical assistance taken to a new level. What makes a game gourmet with their food elements? The podcast episode sure to make you squirm with either hunger or discomfort, this is Casual Master Quest! Games We Played: Rimworld Minecraft (Tekkit Lite) WoW Classic Teamfight Tactics Tangent War Chest: Behold, OUR TRUE POWER!!! “Asking for help” & “Automatic semen extractor” Topic of the Show: Video Game Food; Which Game Gives The Best Dish? R.B.I. Baseball 20 (PS4, XB1, NS Mar 17th) Animal Crossing: New Horizons (NS March 20th) Doom 64 (Consoles, PC March 20th) Doom Eternal (PS4/XB1, PC March 20th) This day in gaming (March 16th): Burnout Paradise: Remastered (PS4/XB1, 2018) God of War 3 (PS3, 2010) Metro 2033 (XB360/PC, 2010) EverQuest (PC, 1999) Dragon Age: Origins - Awakening (PS3/XB360/PC) https://www.mobygames.com/stats/this-day/0316 https://casualmasterquest.podbean.com/e/casual-quest-masters-001/ DISCORD:https://discord.gg/DxGCgnd Tyler: Twitter @TwoTimesTyler Nik: twitch.tv/lreleven, Twitter and IG @lrwarrior11 & @LRTheEleventh Glenn: twitch.tv/raezeth, @GlennHuston Brandon: @Ziggsagoon CMQ: Twitter @CMQNetwork, Email casualmasterquest@gmail.com, https://www.facebook.com/CasualMasterQuest Like D&D? Check out our (other) favorite dungeons and dragons podcast! http://www.deathsavingbros.com/ Our music comes from https://soundcloud.com/revelriesmusic And don’t forget, to never stop the grind!
In this Episode of the "We Driven" Podcast, we talk about how close Paul walker in 2Fast to Furious, came to almost driving Dodge Srt4 instead of the Nissan skyline R34 that we know and love, and we also talk about the 2020 Toyota MR2 hybrid, as well as get into some guy talk, and pose the question, When is it good to keep it real or if its even good at all to do so, that and more in this episode of the "We Driven" Podcast. --- Support this podcast: https://podcasters.spotify.com/pod/show/wedrivenpodcast/support
CAMcast 168 is here, and it sure is! We start off with Zack dropping some knowledge about NASCAR's connection with European Great Britain's McLaren. Then he, Mike, and Dave get into a TDC which ends with either an R34 GTR, a Mk4 Supra, or an FD RX7 being turned into a cube. And finally we end with some dumb/weird/funny automotive recalls! We've got a Patreon, and you should really become a Patron and help us keep making awesome content for you! Find us on social media, and be sure to subscribe to the CAMcast podcast, our YouTube channel, and on Patreon! Patreon Twitter Instagram Facebook The CAMcast on Apple Podcasts The CAMcast on Google Play The CAMcast on Spotify YouTube CAMautoSwag *Article, Photos, Videos, and Audio clips are copyright of CAMautoMag.Com and their respective owners
The guys continue the discussion on the Nissan Skyline. We are finally getting into the golden years with the R32, R33, and R34. Lets Go!
Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Sign up here to receive an email every time a new show goes live. Factor-based investing is nothing new. The idea that certain shares will give higher returns over time is the premise behind the entire asset management industry. Absa's newish range of factor-based ETFs are as interesting for their weighting as their methodology. In this episode, we talk about whether factor-based investing has a place is passive investing. I hate to do this to Sean, but the ABSA TFSA account has a minimum brokerage of R15, so this spreadsheet is in error, and you are still better off going with EE either way (lump sum or monthly) by a whole R34.50 per annum. That's a free glass of wine right there! Free wine gets you a win of the week. Antoine discovered something in his dad's RA that I didn't know about. Anyone else notice this? He wanted to know the reason for multiple endowments and investments, taking interest free loans from one and investing it in another. I confirmed with the product manager again that there are no benefits doing things this way. I believe these guys keep on lending and reinvesting the same money, because for every new investment, they generate a commission. I explained to my dad that a R50 000 commission might sound like small change if you compare it to the final outcome of each of these investments. But consider this : R50 000 upfront commission Momentum borrows this against your investment at 10% interest per year for 10 years = -R79 290.00 Plus you lose a potential growth of 10% per year = R85 352,08 So the difference is R164 644,08, which means every time they generated a R50 000 commission for a new 10 year investment, with the same money, my dad is R164 644,08 poorer. There was no real value added, they probably just get their secretary to send my dad some forms to sign. It would have been better for my dad if they just took the same cash out of his pocket every time. Thinus If you had R10 000 per month to invest, what would be the ideal split between putting money away for retirement vs. implementing/maintaining an aggressive investment strategy? For example, let's say this person is in their early thirties and has a healthy appetite for risk. They want to invest in the following: Buying an RA has obvious tax benefits, but might be limited if one is seeking more risk. Buying ETFs via a TFSA, which is obviously tax free and less risky. And, buying single stocks (equities) either locally and/or internationally. The responsible adult would lean more towards the RA and TFSA, but the risk-reward-seeking side of them wants to put everything in single stocks (equities). How do you balance the risk in this scenario? Phemelo (who was a book winner) made a difficult choice about a car. I've been battling to make a decision. We bought an SUV 2 years ago. Because service plan expires, we needed to make decision. 1.Trade in it and get smaller car 2.Surrender it to the bank 3.Extend service plan for an extra R500 4.KEEP THE CAR, SERVICE IT YOURSELF AND DRIVE IT until the WHEELS COME OFF. We decided to go with friends' advice to keep the car and drive it till the wheels come off. I feel I need to celebrate making this decision. Hopefully it will pay dividends in years to come. Tshepo has a question about over-the-counter shares. I was introduced to the word but not the research. Do you need lots of money or can an average Joe also get into it? I am looking at a company called Equity Express. Jonathan said women with kids are excluded from the podcast because of the swearing. We asked you what you thought. Madelyne, Ronel and Chris said they don't like the swearing. Tim says he doesn't like it, but if we must he doesn't want bleeps.
Tonight’s segments – The Aston Martin V12 Vanquish vs. the Ferrari 575M Maranello, a used car review of the different generations of the Nissan Skyline, a look at the Bond cars from Die Another Day, hot laps in reasonably priced ~2.0L sedans offered by the F1 competitors, and star in a reasonably priced car Steve Coogan Formula 1 technology trickle down – https://www.budgetdirect.com.au/interactives/special-feature/f1-trickle-down-effect.html Niki Lauda’s fan car (Brabham BT46B) – https://jalopnik.com/5442597/brabham-bt46b-fan-car-making-lemonade-from-lemons 90’s Japanese sports car bonanza – http://oppositelock.kinja.com/what-90s-japanese-coupe-would-you-have-1156473522 Own an R34! (Only $150k) – https://www.importavehicle.com/vehicles/19/1999-nissan-skyline-gt-r Die Another Day trailer – https://www.youtube.com/watch?v=GTznf1x4khc Toyota Avensis – https://en.wikipedia.org/wiki/Toyota_Avensis Taurus SHO – https://en.wikipedia.org/wiki/Ford_Taurus_SHO Facebook – https://www.facebook.com/topgearrearview/ Music – In Heaven by DeCreek, licensed under a Creative Commons Attribution License
This week we're once again joined by Jonathon Klein (@Jonathon_Klein) of Boldride.co as Matt and Thad return with stories from the latest /Drive shoot in Japan. Matt got to spend some quality time with both R34 and R35 GTRs shortly before he and Thad were barred from entering Japanese bars on account of Tattoos, Jonathon waxes poetically about the Morgan 3 wheeler, we talk a bit about All Cars Go To Heaven 2, the new Miata is discussed and we work tubas and slide whistles into the mix as well.
本期适逢2015年情人节,晚上历时进3.5小时录制,状况频发,真不容易感谢R34做客。往闻今夜情人节专场!!!!(第二部分)假期各种小聚会(第一部分)小米魅族新品(第一部分)MOTO 重返大陆发布Moto G,Moto X:选择的权力(第一部分)歌德老爷子过世(第一部分)微软正式发布Win10(第一部分)日本影视器材工业协会CIPA2014报告(第一部分,之后接佳能部分)高通晓龙810(第一部分)佳能新平发布会(第一部分)Big News8K,Dell灵越(放在第一部分)坑爹的红包(放在第二部分)人人影视分享网站重新开启(第二部分)zimuzu.tv新剧集推荐——second love 罪恶黑名单 五十度灰(第二部分)Apple 即将发售iWatch
本期适逢2015年情人节,晚上历时进3.5小时录制,状况频发,真不容易感谢R34做客。往闻今夜情人节专场!!!!(第二部分)假期各种小聚会(第一部分)小米魅族新品(第一部分)MOTO 重返大陆发布Moto G,Moto X:选择的权力(第一部分)歌德老爷子过世(第一部分)微软正式发布Win10(第一部分)日本影视器材工业协会CIPA2014报告(第一部分,之后接佳能部分)高通晓龙810(第一部分)佳能新平发布会(第一部分)Big News8K,Dell灵越(放在第一部分)坑爹的红包(放在第二部分)人人影视分享网站重新开启(第二部分)zimuzu.tv新剧集推荐——second love 罪恶黑名单 五十度灰(第二部分)Apple 即将发售iWatch