Podcasts about r35

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Best podcasts about r35

Latest podcast episodes about r35

The Money Show
The sad case of iThala and the limping Post Bank & Middle Class under pressure

The Money Show

Play Episode Listen Later May 14, 2025 79:47


Stephen Grootes in conversation with Stuart Theobald, Financial Analyst and Chairman at Krutham chat about the struggles of Ithala Bank and Post Bank, highlighting a deep-rooted challenge in South Africa’s financial sector. They also touch on the reflection that there is tension between financial inclusion and regulatory oversight, raising questions on the future of state-backed banking in South Africa. In other interviews: Stephen Grootes speaks to Benay Sager, executive head of DebtBusters, and personal finance journalist Maya Fischer-French from Maya on Money, about the quiet crisis brewing in South Africa’s middle class. DebtBusters’ latest debt index shows growing strain on households earning between R10 000 and R35 000 a month — a group often seen as the backbone of the economy. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.coSee omnystudio.com/listener for privacy information.

The Best of the Money Show
Stuck in the middle: Index shows middle class too broke to save, too 'wealthy' for aid

The Best of the Money Show

Play Episode Listen Later May 14, 2025 11:01


Stephen Grootes speaks to Benay Sager, executive head of DebtBusters, and personal finance journalist Maya Fischer-French from Maya on Money, about the quiet crisis brewing in South Africa’s middle class. DebtBusters’ latest debt index shows growing strain on households earning between R10 000 and R35 000 a month — a group often seen as the backbone of the economy. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Auto Sausage
Octane FM - Godzilla Rises: The Ultimate Nissan GT-R Anthem

Auto Sausage

Play Episode Listen Later May 8, 2025 3:14


From the streets of Tokyo to the tracks of the Nürburgring, the Nissan GT-R—aka “Godzilla”—has dominated every corner of car culture. This high-octane rock anthem traces its legendary rise from the iconic Hakosuka to the modern-day R35. If you've ever redlined a dream, this one's for you.

First Take SA
UDM appalled after JMPD officer denied emergency medical care

First Take SA

Play Episode Listen Later May 5, 2025 11:54


The United Democratic Movement (UDM) in the City of Johannesburg says it is appalled and disturbed by the inhumane and unethical treatment of a Johannesburg Metropolitan Police Department (JMPD) officer who was reportedly denied emergency medical care after being shot in the line of duty. UDM says it has noted with grave concern that Milpark Hospital allegedly refused to treat the officer citing an alleged municipal debt of R35 million. To discuss this further Elvis Presslin spoke to UDM Councilor in the City of Johannesburg and Chairperson of the S79 Committee on Gender, Youth and People with Disabilities, Yongama Zigebe

First Take SA
SRD grant extension welcomed

First Take SA

Play Episode Listen Later Mar 13, 2025 5:21


Social grant activist Elizabeth Raiters has welcomed the extension of the COVID-19 Social Relief of Distress grant until March 2026, but says that the R370 payout has lost significant value due to rising living costs. Despite the finance minister's allocation of R35.2 billion for the grant, Raiters argues that the amount should have been increased to adequately support beneficiaries. Elizabeth Raiters spoke to Elvis Presslin to share her insights on this critical issue

Breakfast with Martin Bester
Helping a father rebuild after burglars set his home alight

Breakfast with Martin Bester

Play Episode Listen Later Dec 10, 2024 5:00


This festive season, Good Morning Angels and Pick n Pay assisted David Moloi with R40,000 to help repair his family home after burglars set it alight. Pick n Pay believes it's the little things that count. They will assist David and his family with festive season groceries worth R5,000. Additionally, to help the Moloi family restore their home, Pick n Pay will cover the R35,000 needed for fire damage repairs. This brings the total sponsorship value to R40,000!

Breakfast with Martin Bester
Helping a family through the first Christmas without a mom

Breakfast with Martin Bester

Play Episode Listen Later Dec 4, 2024 5:07


Good Morning Angels and Pick n Pay will help lighten Gerrie Kotze's financial burden this Festive Season with R35,000 towards medical bills and other expenses, so he can focus on his children and family in their process of healing.

Breakfast with Martin Bester
From protector, father and provider to beggar: Tumelo's plea

Breakfast with Martin Bester

Play Episode Listen Later Dec 4, 2024 6:56


Good Morning Angels and Pick n Pay assisted Tumelo Tau with food, groceries, and clothing for the festive season and the new year, to the value of R35,000.

MoneywebNOW
How will bonds react to rate cuts?

MoneywebNOW

Play Episode Listen Later Nov 20, 2024 19:47


Faheema Adia from Momentum Securities reviews Coronation's results, the R35 billion in two-pot withdrawals, and where the funds are going. Hannah de Nobrega from Prescient Investment Management discusses the anticipated MPC rate cut on Thursday and its potential impact on local bonds. Peter Castleden, CEO of Sanlam Studios, talks about their newly launched AI coach.

The Money Show
The Money Show: Two-Pot System Sparks Cash Rush: R35 Billion Withdrawn in 11 Weeks

The Money Show

Play Episode Listen Later Nov 19, 2024 78:29


Stephen Grootes speaks to Bruce Cameron, a freelance journalist and retirement funds consultant, about the alarming R35 billion withdrawn from retirement funds in just 11 weeks, sparking concerns over the Two-Pot System's impact on retirement savings. In other interviews on the Money Show, Lebogang Ramafoko, the Executive Director of Oxfam, speaks about the key takeaways from the G20 summit in Brazil, where world leaders gathered to address pressing global issues, including climate change, inequality, and food security.  See omnystudio.com/listener for privacy information.

The Best of the Money Show
R35 Billion Withdrawn in 11 Weeks: Two-Pot system sparks relief as well as retirement concerns

The Best of the Money Show

Play Episode Listen Later Nov 19, 2024 5:33


Stephen Grootes speaks to Bruce Cameron, a freelance journalist and retirement funds consultant, about the alarming R35 billion withdrawn from retirement funds in just 11 weeks, sparking concerns over the Two-Pot System's impact on retirement savings.See omnystudio.com/listener for privacy information.

Breakfast with Martin Bester
Assisting Sihle Mlotshwa to educate the youth in Mamelodi

Breakfast with Martin Bester

Play Episode Listen Later Nov 13, 2024 13:55


Good Morning Angels assisted Sihle Mlotshwa and her First Aiducate NPO with the R35,000 needed for study guides and another R35,000 to invest in other needs for the Saturday School and her students.

Hot Cares
Hot Cares covers final costs for urgent surgery

Hot Cares

Play Episode Listen Later Aug 1, 2024 6:12


Jordan Boshoff, a compassionate 16-year-old, has faced immense challenges in his life, including an underdeveloped jaw and dental issues that affect his daily life and self-esteem. Despite these struggles, he excels in his school and dreams of becoming a Diesel Mechanic. Jordan needs urgent surgery to remove unerupted teeth and undergo bone grafts, with costs totaling R73,177.68. His family has raised R35,000, but they still need R38,177.68 to cover the remaining expenses. Hot Cares

Hot Cares
Hot Cares And One Insurance come to the aid of devoted single mom

Hot Cares

Play Episode Listen Later Jul 30, 2024 5:26


Bianca, a single mother raising her 5-year-old daughter alone, faced serious health issues last year, requiring surgery for a broken septum and sinus drainage. Despite having medical aid, she received a bill of R35,000 as the ENT charged 210% of the fees. Recently, an accidental injury from her daughter worsened Bianca's condition, causing severe sinus headaches and breathing difficulties. Unable to afford another ENT visit due to the outstanding bill, Bianca reached out to Hot Cares for assistance. Hot Cares

The Midday Report with Mandy Wiener
The ANC's National Executive Committee meets to map a way forward.

The Midday Report with Mandy Wiener

Play Episode Listen Later Jun 6, 2024 42:43


ActionSA, which won three national seats in the recent elections, communicates the outcomes of its recent senate meeting.POLITRICKING: Tshidi Madia is in conversation with former President Jacob Zuma.Parliamentary list: With some of the ANC's Western Cape representatives losing out on the national list, such as deputy agriculture minister Mcebisi Skwatsha, Richard Dyantyi and Faiez Jacobs - the province's head of elections - Cameron Dugmore will make his debut. Outspoken crime activist Ian Cameron and former DA provincial leader Bonginkosi Madikizela are also involved.AfriForum plans to privately prosecute ANC Secretary-General Fikile Mbalula on corruption charges during his tenure as Sports Minister.Rise Mzansi: Zizi Kodwa's resignation opens the door for a Minister who cares about the arts and their nation-building and economic importance.Hawks captain Edward du Plessis -- who is part of the investigation team into the assassination of top cop Charl Kinnear -- is set to continue his testimony against alleged underworld gang boss Nafiz Modack.City Power pursues seven businesses that owe over R35 million unpaid electricity bills under the Reuven Service Delivery Centre.See omnystudio.com/listener for privacy information.

The Best of Breakfast with Bongani Bingwa
SA Tourism R35 million irregular payments recovered

The Best of Breakfast with Bongani Bingwa

Play Episode Listen Later Apr 30, 2024 9:47


Bongani Bingwa chats with Tourism Minister Patricia De Lille on recovering R35 million in irregular payments for services not delivered, the appointment of a new CEO, and her trust in Nombulelo Guliwe's capacity to lead the entity to greater heights.See omnystudio.com/listener for privacy information.

Polity.org.za Audio Articles
SA Tourism recovers R35-million linked to irregular payments, services not rendered

Polity.org.za Audio Articles

Play Episode Listen Later Apr 29, 2024 2:03


Tourism Minister Patricia de Lille revealed on Monday that R35-million linked to irregular payments, and for services not rendered, has been returned to the South African Tourism account. De Lille confirmed that Auditor General Tsakani Maluleke was in the process of finalising a delegation from her office to undertake an audit of the SA Tourism New York office. She explained that the recovery of funds followed months of communication with the respective media agency to pay back the money. De Lille said she was made aware of a number of irregular payments which were made through South African Tourism's US and South Africa offices for services not rendered. "I was recently informed by SA Tourism that there had been a number of irregular payments and invoices noted which do not meet the definition of compliant and valid or internal control verification standards," she explained. She said a number of irregular invoices were created about three days before the previous financial year end - March 31, 2023 - and processed piecemeal to override banking controls. These payments were processed from the US South Africa offices by executives who were no longer in the employment of SA Tourism, she added. De Lille noted that these transactions were linked to a media agency and when these irregularities were discovered, the service provider was informed and conceded that a significant portion received by them and signed off by then acting CFO, acting CEO and the then COO of SA Tourism were for services not rendered. She explained that the discovery was triggered by a review by SA Tourism. De Lille said the irregular payments were "completely shocking" and "it is unacceptable" that officials entrusted with public funds continue to act "with such contempt of public finance laws and regulations". She said the internal audit report was being finalised and the matter had also been reported to Maluleke to investigate.

Engineering News Online Audio Articles
Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip

Engineering News Online Audio Articles

Play Episode Listen Later Feb 26, 2024 5:02


This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the carbon-heavy Mpumalanga complex's greenhouse gas emissions by 30% by 2030. Delivering his final results presentation, outgoing CEO Fleetwood Grobler insisted that the 6.7-million tons output profile announced in August represented the "low road" production scenario that emerged following a review of its emission roadmap once the use of liquefied natural gas (LNG) was eliminated as a plausible feedstock for Secunda. The review resulted in Sasol impairing the Secunda asset by R35-billion. The JSE group had since progressed with various mitigation actions to ensure that volumes did not fall below 7-million tons while still meeting the goal of reducing coal volumes by 25% by 2030 and honouring its increasingly urgent decarbonisation commitments. Central to these plans is a coal de-stoning initiative, designed to recover its coal quality, alongside initiatives to stabilise volumes through coal purchases and possibly by diverting export coal to Secunda in line with an expectation that the seaborne market will weaken as countries reduce their reliance on the energy mineral. Sasol is already familiar with the dense-medium separation technology that will be employed to de-stone the coal and expects to make a final investment decision (FID) this year, having already made significant progress in securing the necessary environmental approvals. Grobler refused to be drawn on the investment value and told Engineering News in an interview that the capital expenditure figure would be revealed only once the FID was made. "The project is progressing at pace because it's one of the biggest value-unlock projects we have, so it's a priority for us," Grobler said in an interview, following the release of the group's interim results. Sasol's headline earnings a share fell 34% to R20.37 in the six months to December 31, 2023, from R30.90 in the previous comparable period. Grobler said the de-stoning project, together with the group's other initiatives to improve coal quality and supply, could result in Secunda's production volumes recovering to about 7.5-million in the latter part of the current decade. The bulk of the decarbonisation would, thus, arise from the group's plan to turn down its power station boilers, rather than its gasifiers. "There's a big misconception that we have to go to 6.7-million to meet our decarbonisation target," Grobler told Engineering News. Sasol expects Forestry, Fisheries and the Environment Minister Barbara Creecy is to make a decision next month on its controversial proposed alternative approach for measuring the sulphur dioxide (SO2) emissions from the 17 coal boilers at Secunda. Grobler reiterated that a refusal by the Minister would result in the phased shutdown of Secunda. Should it receive approval, the commitment to reducing its coal consumption by 25% would be met by the boiler turndown plan, which would also enable it to meet its SO2 legal obligations and most of its decarbonisation, the balance of which would be met through a reduction in Secunda's output to 7-million tons by 2030. "This means that the alternative source of carbon required to supplement production is not equivalent to the full 25% cost reduction," Grobler stressed. NO GAS-CLIFF REPRIEVE The group was working on a range of feedstock options, including raising the proportion of gas used in Secunda's production process from about 10% currently to about 13%. The gas option would depend materially on the group's exploration success in southern Mozambique, where four additional wells had extended the supply plateau to 2028 and where there may be potential to extend the plateau to 2030 should the recen...

Engineering News Online Audio Articles
Sasol prioritising coal de-stoning investment as it seeks to allay fears over big Secunda output dip

Engineering News Online Audio Articles

Play Episode Listen Later Feb 26, 2024 5:02


This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. Energy and chemicals group Sasol has moved to address investor concerns that its yearly production at Secunda will need to fall to only 6.7-million tons for it to meet its goal of reducing the carbon-heavy Mpumalanga complex's greenhouse gas emissions by 30% by 2030. Delivering his final results presentation, outgoing CEO Fleetwood Grobler insisted that the 6.7-million tons output profile announced in August represented the "low road" production scenario that emerged following a review of its emission roadmap once the use of liquefied natural gas (LNG) was eliminated as a plausible feedstock for Secunda. The review resulted in Sasol impairing the Secunda asset by R35-billion. The JSE group had since progressed with various mitigation actions to ensure that volumes did not fall below 7-million tons while still meeting the goal of reducing coal volumes by 25% by 2030 and honouring its increasingly urgent decarbonisation commitments. Central to these plans is a coal de-stoning initiative, designed to recover its coal quality, alongside initiatives to stabilise volumes through coal purchases and possibly by diverting export coal to Secunda in line with an expectation that the seaborne market will weaken as countries reduce their reliance on the energy mineral. Sasol is already familiar with the dense-medium separation technology that will be employed to de-stone the coal and expects to make a final investment decision (FID) this year, having already made significant progress in securing the necessary environmental approvals. Grobler refused to be drawn on the investment value and told Engineering News in an interview that the capital expenditure figure would be revealed only once the FID was made. "The project is progressing at pace because it's one of the biggest value-unlock projects we have, so it's a priority for us," Grobler said in an interview, following the release of the group's interim results. Sasol's headline earnings a share fell 34% to R20.37 in the six months to December 31, 2023, from R30.90 in the previous comparable period. Grobler said the de-stoning project, together with the group's other initiatives to improve coal quality and supply, could result in Secunda's production volumes recovering to about 7.5-million in the latter part of the current decade. The bulk of the decarbonisation would, thus, arise from the group's plan to turn down its power station boilers, rather than its gasifiers. "There's a big misconception that we have to go to 6.7-million to meet our decarbonisation target," Grobler told Engineering News. Sasol expects Forestry, Fisheries and the Environment Minister Barbara Creecy is to make a decision next month on its controversial proposed alternative approach for measuring the sulphur dioxide (SO2) emissions from the 17 coal boilers at Secunda. Grobler reiterated that a refusal by the Minister would result in the phased shutdown of Secunda. Should it receive approval, the commitment to reducing its coal consumption by 25% would be met by the boiler turndown plan, which would also enable it to meet its SO2 legal obligations and most of its decarbonisation, the balance of which would be met through a reduction in Secunda's output to 7-million tons by 2030. "This means that the alternative source of carbon required to supplement production is not equivalent to the full 25% cost reduction," Grobler stressed. NO GAS-CLIFF REPRIEVE The group was working on a range of feedstock options, including raising the proportion of gas used in Secunda's production process from about 10% currently to about 13%. The gas option would depend materially on the group's exploration success in southern Mozambique, where four additional wells had extended the supply plateau to 2028 and where there may be potential to extend the plateau to 2030 should the recen...

Polity.org.za Audio Articles
DA on a mission to 'rescue' KZN by replicating uMngeni approach - Steenhuisen

Polity.org.za Audio Articles

Play Episode Listen Later Nov 3, 2023 2:50


Democratic Alliance (DA) leader John Steenhuisen is confident that the "remarkable" turnaround happening in KwaZulu-Natal's (KZN's) uMngeni municipality could be replicated province-wide, if KZN voters install a Multi-Party Charter government in 2024. Steenhuisen wrote in his weekly letter on Friday that having borne the brunt of the African National Congress's "failure" during the July riots of 2021, KZN looks set to "rise from the ashes" next year. He highlighted that uMngeni municipality has quickly become a shining beacon of hope and success in this "deeply troubled province". "Its trajectory of progress began when the people of uMngeni elected KZN's very first DA mayor in 2021 by a margin of just 46 votes, showing Springbok-style, that every point counts. uMngeni's success is not due to one person or factor, but rather to consistent effort and commitment by a well-led group of diverse South Africans working together for the greater good," he said. uMngeni Mayor Chris Pappas is the DA's Premier candidate for KZN. "Our '1+1=WIN' campaign is targeted at getting every single DA supporter to play their part, by persuading and assisting one unregistered person they know, to register and vote DA," Steenhuisen said. He highlighted the service delivery pact signed by the DA and Inkatha Freedom Party earlier this year, and said the parties are the two largest in the Multi-Party Charter that has united eight political parties around a common vision and set of priorities for rescuing South Africa. Steenhuisen explained that on taking office, uMngeni's youthful team, led by Pappas and DA Deputy Mayor Sandile Mnikathi, rolled up their sleeves and got down to work cleaning up the streets, fixing infrastructure, and igniting the economy of the Midlands municipality. In just two years, all uMngeni's inherited debt had been paid off and it achieved an unqualified audit for 2022/23, by modernising the systems of the municipality to improve efficiency and limit corruption, he explained. Steenhuisen added that this financial health had enabled the party to purchase R35-million worth of heavy equipment to fix roads and manage waste, and to triple the budget for road repairs from R11-million to R30-million. To make communities safer, the DA opened a traffic office and vehicle pound, and purchased 6 new law enforcement vehicles. "They understand keenly that this is the consistent, concerted action required to build people's confidence in the future, which in turn spurs the investment and job creation needed to grow dignity and improve lives," said Steenhuisen.

Go Hard Podcast.
Danrue calls out Bugatti, Formula 1, Koenigsegg, Lambo, Hellcats and Demons - Go Hard Podcast

Go Hard Podcast.

Play Episode Listen Later Nov 1, 2023 88:09


On this episode we sat down with Danrue, you might of seen him on Tik Tok or IG dancing away, but today he shares his love for cars with us. He calls out many street racers & YouTubers, talks about his high horsepower GTR, theshophouston, and many more. Thank you for watching and for the support!

Tuned In
Field Report: 7-Second V10's & Drag Racing | 2300HP+ Wheelie Machine.

Tuned In

Play Episode Listen Later Aug 8, 2023 18:36


DCT considerations, GT-R vs Huracan, horsepower vs car setup, this interview has it all.Use ‘PODCAST75' for $75 off your first HPA course here: https://hpcdmy.co/hpa-tuned-inCompetition between the Audi R8, Lamborghini Huracan and long-established Nissan R35 GT-R platforms has been heating up in the drag racing world for some time, and our next guest is no stranger to being at the pointy end of the time sheets in more than one of these packages.Jordan Martins Prime Cuts Chop Shop Lamborghini Huracan, the @AMSPerformance  Alpha Omega 'dragbo' is an impressive car, and at @semashow he gave us some insight into this specific package which at the time of filming saw it being the 2nd fastest Huracan on the 1/4.Sporting twin @GarrettTurbos G42-1450 pushing 37-39psi of boost through the 5.2-litre @Lamborghini V10 has gone from 600hp (naturally aspirated) to well over 2000hp while retaining the stock block, and bores with a factory rotating assembly even seeing solid reliability up to the 1200-1300hp range. Some comparisons around this and the VR38 in the R35 platform are discussed along with when a billet block might be considered down the line.Also touched on is the importance of the @MoTeCAustralia traction control setup for helping launch the car, ideally without wheeling which this platform is inherently prone to doing, along with the chassis, tyre and JRZ suspension setup vs just dumping more and more power into the equation in the quest for faster passes. Drag racing with a dual clutch transmission (DCT) is also a topic we get into again drawing some comparisons to the R35 platform with a nod to John Reed Racings polished development in this area.The goal for Jordan and the team are to get into the 6's with this platform, and we have no reason to believe they won't reach this goal and beyond.

Polity.org.za Audio Articles
Relief as inflation falls below 6%

Polity.org.za Audio Articles

Play Episode Listen Later Jul 19, 2023 2:18


Annual consumer price inflation slowed dramatically to 5.4% in June from 6.3% in May. The last time consumer inflation was within the Reserve Bank's target range of 4% to 6% was more than a year ago. This may help to convince the monetary policy committee not to hike interest rates on Thursday. June's inflation data was also the lowest level in 20 months, Statistics SA reported. The CPI increased by only 0.2% from April to June 2023. The annual inflation rate for goods was 6.3%, down from 8.0% in May and for services it was 4.5%, down from 4.6% in May. Lower fuel prices contributed to the much softer inflation number, with annual transport inflation tumbling from 7.0% in May to 1,8% in June, dragged lower mainly by softer fuel prices. The fuel index was 8.3% lower in June 2023 than in June 2022. Food and non-alcoholic beverages prices also cooled for the third month in a row - from 14% in March to 11% in June. Most food categories saw slower price growth, with some products actually becoming cheaper - the average price of a 750 ml bottle of sunflower oil was R35.57 in June, from almost R44 a year ago, for example. However, Statistics SA reports that prices for sugar, sweets and desserts increased from 11.9% to 16.4%. Prices for brown sugar (+17.4%), white sugar (up 17.1%) and chocolate slabs (up 16.2%) saw the biggest hikes. Wine (+9.4%) and beer (+5.5%) prices also saw sharper increases. The latest CPI number shows that residential rent increased by 2.7% in June compared to a year ago. Over the past quarter, rent prices increased by 1.2% - the biggest hike in almost five years.

Engineering News Online Audio Articles
Daimler's Atlantis Foundries signs embedded solar power purchase agreement

Engineering News Online Audio Articles

Play Episode Listen Later Jul 11, 2023 2:22


Atlantis Foundries (AF) has signed a long-term power purchase agreement (PPA) with integrated energy solutions company Energy Partners (EP). According to the agreement, EP will engineer, finance, construct and operate the ground-mounted solar-energy system at AF's production plant, comprising more than 20 000 solar panels and boasting a total rated capacity of 13.5 MWp. It will be the Western Cape's largest embedded generation solar project. EP CEO Manie de Waal says the PPA, set to kick off on May 1 next year, will provide AF with “a reliable electricity source at a substantially reduced cost over the next 20 years”. It will also align AF with growing environmental awareness in the automotive industry. “Opting for renewable energy is a significant step, and the system that we designed for AF is expected to save more than 22 000 t of carbon dioxide emissions annually - likely the highest reduction achieved in the South African automobile industry,” says De Waal. “In financial terms, the system will generate electricity worth more than R35-million per year at current average Eskom tariffs.” The system, which has been engineered to align with AF's electrical consumption profile, is estimated to replace up to 20% of its yearly electricity consumption. It will be integrated into AF's electrical network, which is connected to the City of Cape Town grid. Excess energy generated by the plant will be fed into the city's network through the feed-in programme, contributing to Cape Town's overall renewable energy capacity. “With this renewable energy generation project, we are setting new standards in the South African automotive industry and alleviating pressure on our constrained national grid,” says AF CEO Pieter du Plessis. “It is a result of extensive cooperation between the AF and EP teams, in conjunction with the Western Cape government and City of Cape Town.” The project sets the stage for future embedded generation systems exceeding 1 MW within Cape Town and the rest of the Western Cape. Atlantis Foundries produces automotive castings for the commercial vehicle industry.

Alternativa 3
Misterios para mentes libres - semana 22

Alternativa 3

Play Episode Listen Later Jun 5, 2023 5:23


Esta es mi recomendación de videos del misterio que nos están mostrando la verdad y lo que vienen de forma sutil. La combinación de los videos de JL en Mundo Desconocido, David Parcerisa de R35 y Javier de Jaconor73 exponen un mensaje interesante. Deja tus comentarios. --- Send in a voice message: https://podcasters.spotify.com/pod/show/a3misterio/message

Tuned In
Field Report: Getting 1200HP To The Ground | R35 GTR Wheel Alignment.

Tuned In

Play Episode Listen Later May 16, 2023 6:34


@LYFEmotorsport and their 1200HP R35 GTR are no strangers to Time Attack or track records having reset their own R35 record at the 2019 WTAC (when this was filmed), BUT, it takes a lot more than just bolting a bunch of parts together and going ‘full send' to achieve these results as Cole Powelson explains in relation to wheel alignments.Use ‘PODCAST75' for $75 off your first HPA course here: https://hpcdmy.co/hpa-tuned-inThe 4L Nissan VR38 powered and MoTeC-controlled car runs CCW 18*12.5 one-piece wheels which are wrapped in controlled Yokohama Advan tyres. To get the most out of the package, the team rely on data from the car via tyre temperatures, shock potentiometers above the Ohlins TTX dampers, and driver feedback to make logical changes. This attention to detail is part and parcel when it comes to ensuring that the tyre temperatures are even across their widths and that the car has the maximum contact patch possible where required on track.Cole explains why Infrared sensors are great for live data, and why teams will still physically check temperatures under the tyre surface as quickly as possible when the car hits the pits after a hot lap. When adjustments need to be made, a simple string alignment kit and ruler are used due to their simplicity, ease of transport and most importantly their accurate and repeatable results.At this event, Cole reset the team's own R35 GTR record but fell just short of the 1-29 that they really wanted to hit with a best time of 1-30.0230, so close! The car was doing dual duties due to a rule change this year and saw Rob ‘Chairslayer' Parson's WTAC debut with an impressive 1-34.1840.Want to learn how to do your own wheel alignments at home? Start here: https://hpcdmy.co/alignb

RANGE ANXIETY
SE01 EP03 - RIP GTR

RANGE ANXIETY

Play Episode Listen Later Feb 12, 2023 8:26


The R35 is a wonderful car coming to a less than wonderful end!

Engineering News Online Audio Articles
City Power announces R401m short-term loadshedding mitigation plan

Engineering News Online Audio Articles

Play Episode Listen Later Jan 26, 2023 5:19


In what could be her last address as City of Johannesburg (CoJ) mayor, since she faces a vote of no confidence, Mpho Phalatse has announced City Power's ‘Sustainable Energy Strategy', which it has published with the aim of attracting funding, to help reduce the severity of loadshedding in the city. She says the city has been on a path towards reducing its reliance on Eskom in earnest since May last year, following the Joburg Energy Indaba. City Power has since put out requests for proposals for short-term power purchase agreements to secure energy from independent power producers (IPPs) for up to 36 months. The first round of tenders went out in November last year, with the closing date being February 10. Additionally, City Power is undergoing an approval process for Ministerial determination to procure power on a longer-term basis from IPPs. City Power seeks to secure additional capacity from diversified energy sources, including solar, gas, battery storage, waste-to-energy and gas-to-power projects. Phalatse says the CoJ is ultimately working towards procuring an additional 500 MW of electricity, which could offset up to five stages of loadshedding. The short-term objectives of the ‘Sustainable Energy Strategy' has an estimated cost requirement of R401-million, to avert up to Stage 3 loadshedding, since Stage 2 and 3 loadshedding is likely to continue for at least the next 18 months. Particularly, Phalatse says, for R20-million, the city can recommission its two existing open-cycle gas turbine stations, which could produce 74 MW of power; however, this will require the city to procure and burn diesel. The CoJ already has 1.2-million litres of diesel on hand for these sites. Further, at R85-milion, City Power can use ripple relay systems to remotely regulate high-energy use products such as geysers, swimming pool motors and the like, which could save 80 MW, but only when absolutely necessary, Phalatse points out. For the city to produce and distribute smart meters and a communication system to enable City Power to limit the amount of power distributed to homes, it will need R203-million. Phalatse explains that, instead of completely turning off the power, the city can supply homes with enough energy to power essential needs. This could save an additional 322 MW, when needed and not on a whim, and with the necessary communication to customers. For City Power to better monitor, control and optimise its transmission system, it requires R120-million. “Unfortunately, the CoJ does not have R401-million lying around that can be easily shifted to this strategy. We are, therefore, exploring the establishment of an infrastructure fund and we will be approaching development finance institutions, the private sector and provincial and national governments to fund this project, where we will leverage our status as the economic hub of the country,” Phalatse states. City Power CEO Tshifularo Mashava confirms that, if the entity were to get the money immediately, it would take up to six months to get this mitigation plan active, given that much of the infrastructure is already in place. Phalatse notes that, despite the threat of her possibly being removed from office again, the ‘Sustainable Energy Strategy' is not about politics, but a legacy project to ensure Johannesburg can continue to operate, and more sustainably at that. She says the city has been losing customers and revenue owing to customers going semi- or completely off-grid. Between July 1, 2021, and June 30, 2022, City Power experienced losses of 386 GWh, resulting in a net revenue loss of about R284-million. The entity has also incurred costs of about R155-million, owing to overtime as a result of loadshedding, and R35-million in insurance costs. This translates to a total loss of R474-million in the period under review. Moreover, City Power also incurs losses owing to vandalism and theft, having spent R200-million on 390 mini substations between July 1, 2021, and November 11,...

Engineering News Online Audio Articles
Clough and M&R's Australian holding company enter voluntary administration after termination of Webuild deal

Engineering News Online Audio Articles

Play Episode Listen Later Dec 5, 2022 2:43


A proposed disposal by Murray & Roberts (M&R) of its Clough unit to Webuild was terminated on Monday and Clough and its subsidiaries placed into voluntary administration in Australia with immediate effect, together with the JSE-listed group's Australian holding company, MRPL. The announcement triggered a sharp decline in M&R's shares, which were trading about 13% lower directly following the announcement. In a surprise move, M&R announced a proposed sale and purchase agreement with Webuild, of Italy, on November 18, whereby the group's entire issued share capital in Clough Limited would be transferred to Webuild. The agreement was coupled to a proposed interim loan facility of A$30-million from Webuild to Clough, which required the urgent injection of working capital to avoid entering voluntary administration. With the expiry of the prescribed date for implementation, and with no reasonable prospect of the interim loan materialising, the parties mutually agreed on December 5 to terminate the agreement. In the absence of the interim loan, the Clough board then placed Clough and its subsidiaries under voluntary administration in Australia with immediate effect. M&R confirmed that the voluntary administration of MRPL had potential implications for RUC Cementation (RUC), which a net asset value of A$85-million (about R1-billion). RUC has not been placed into voluntary administration, with the administration of MRPL viewed as a way to mitigate the risks to RUC . “Other than the group's interest in RUC, as well as a guarantee provided to Clough USA in the amount of A$3-million (equivalent to approximately R35-million), the group has no residual exposure in Australia or to Clough and will not be affected by MRPL being placed into voluntary administration,” M&R said in a statement. The administrators appointed to MRPL and Clough were identified as Sal Algeri, Jason Tracy, Glen Kanevsky and David Orr, who are all members of the Deloitte Australia corporate rescue team. Chronux director Rowan Goeller, who tracks M&R, says there was always a risk the deal might not be concluded, which is negative as it would have allowed M&R to exit Clough with minimal financial impact. "The liabilities associated to Clough are ring-fenced to Australia so putting MRPL into business rescue insulates M&R South Africa, although RUC (part of the mining division) falls under MRPL and may form part of a business rescue process.," Goeller adds.

Engineering News Online Audio Articles
Clough and M&R's Australian holding company enter voluntary administration after termination of Webuild deal

Engineering News Online Audio Articles

Play Episode Listen Later Dec 5, 2022 2:43


A proposed disposal by Murray & Roberts (M&R) of its Clough unit to Webuild was terminated on Monday and Clough and its subsidiaries placed into voluntary administration in Australia with immediate effect, together with the JSE-listed group's Australian holding company, MRPL. The announcement triggered a sharp decline in M&R's shares, which were trading about 13% lower directly following the announcement. In a surprise move, M&R announced a proposed sale and purchase agreement with Webuild, of Italy, on November 18, whereby the group's entire issued share capital in Clough Limited would be transferred to Webuild. The agreement was coupled to a proposed interim loan facility of A$30-million from Webuild to Clough, which required the urgent injection of working capital to avoid entering voluntary administration. With the expiry of the prescribed date for implementation, and with no reasonable prospect of the interim loan materialising, the parties mutually agreed on December 5 to terminate the agreement. In the absence of the interim loan, the Clough board then placed Clough and its subsidiaries under voluntary administration in Australia with immediate effect. M&R confirmed that the voluntary administration of MRPL had potential implications for RUC Cementation (RUC), which a net asset value of A$85-million (about R1-billion). RUC has not been placed into voluntary administration, with the administration of MRPL viewed as a way to mitigate the risks to RUC . “Other than the group's interest in RUC, as well as a guarantee provided to Clough USA in the amount of A$3-million (equivalent to approximately R35-million), the group has no residual exposure in Australia or to Clough and will not be affected by MRPL being placed into voluntary administration,” M&R said in a statement. The administrators appointed to MRPL and Clough were identified as Sal Algeri, Jason Tracy, Glen Kanevsky and David Orr, who are all members of the Deloitte Australia corporate rescue team. Chronux director Rowan Goeller, who tracks M&R, says there was always a risk the deal might not be concluded, which is negative as it would have allowed M&R to exit Clough with minimal financial impact. "The liabilities associated to Clough are ring-fenced to Australia so putting MRPL into business rescue insulates M&R South Africa, although RUC (part of the mining division) falls under MRPL and may form part of a business rescue process.," Goeller adds.

Engineering News Online Audio Articles
Gas air heater fire could delay commercial operation at Kusile Unit 5 by up to a year

Engineering News Online Audio Articles

Play Episode Listen Later Oct 19, 2022 6:21


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...

Pardubice
Zprávy pro Pardubický kraj: Protestní jízdy zemědělců míří na hlavní dopravní tahy v Pardubickém kraji

Pardubice

Play Episode Listen Later Sep 15, 2022 0:46


Kolony těžké techniky se budou pohybovat na trase mezi Pardubicemi a Chrudimí, Nasavrky a Trhovou Kamenicí, po R35 v Litomyšli i po hlavních trasách kolem Lanškrouna a Žamberka.

Polity.org.za Audio Articles
While policing budgets bleed, Cele's ministry spends R8m on accommodation, entertainment, catering

Polity.org.za Audio Articles

Play Episode Listen Later Aug 12, 2022 6:04


Police Minister Bheki Cele's ministry has spent R8-million on accommodation, entertainment and catering between 1 April 2019 to 17 June this year, while the rest of the police force spent more than R3-billion on the same services over the same period. The police's overall budget has dwindled during this time. This was revealed in Cele's response to a written parliamentary question by Democratic Alliance (DA) MP Janho Engelbrecht. Engelbrecht asked how much had been spent on accommodation, catering and entertainment for Cele, his deputy Cassel Mathale, and all other police officials since he came into office on 29 May 2019. However, the police's accounting doesn't break down costs from specific dates, and the amounts since the start of the 2019/20 financial year – 1 April 2019 – are given. Taxpayers footed a bill of R7.5-million for accommodation, R6 986 on entertainment and R443 146 on catering for Cele, Mathale and ministerial staff over the period. For other officials, the police spent R1.5-billion on accommodation, R1.8-million on entertainment, and R42.3-million on catering. "Entertainment expenses relates to refreshments, in the form of coffee, tea, non-alcoholic beverages and biscuits, for visitors to the offices of all Senior Management Service (SMS) members in the Ministry and the SAPS including Station Commanders, which will not exceed two thousand rand (R2 000) per SMS member or Station Commander (irrespective of rank) cumulatively per financial year," reads Cele's reply. "It should be noted that accommodation expenditure of officials in the SAPS, will realise at higher levels in instances where officials had to be accommodated away from their normal place of work, due to specific operational needs and deployment requirements, i.e. unrest periods, election, other events of national importance, detached duties, investigation of criminal cases, etc." No explanation for the catering costs was provided. The police's dwindling budget has been a concern during the period. The Portfolio Committee on Police heard in April this year, when the police's budget for the 2022/23 financial year was presented, that the budget for visible policing would again decline, as it had the year before. The police also continue to spend more money on protection services than on investigating so-called priority crimes, as the budget for protection services is higher than that of the Hawks. The police's budget for the 2022/23 financial year is R100.695-billion, compared to the previous year's R100.474-billion. Visible policing budget down Committee chairperson Tina Joemat-Pettersson said at the time that, despite the nominal increase of about R225-million from the previous year's budget, their allocation in real terms had decreased by R4.1-billion. According to the police's presentation to the committee, visible policing was the only one of their five main programmes that would receive less money this year than it did in 2021/22. The police's administration will get R20.361-billion in 2022/23, an increase of R102-million from the previous year. The visible policing budget for 2022/23 is R51.716-billion, a drop of R508-million. Detective services get R20.760-billion, an increase of R427-million. Crime Intelligence gets R4.362-billion, an increase of R65-million. Protection and Security Services get R3.496-billion, an increase of R35-million. The police's chief financial officer remarked that these increases were less than inflation. The Directorate for Priority Crime Investigations, better known as the Hawks, receives its budget out of the R20.760-billion budgeted for detective services. It only gets R2.167-billion, or 10.48%, of this figure. However, it increases by 4.67% from the previous year's R2.079-billion. When the police made a similar presentation to the committee last year, they indicated that visible policing's budget had shrunk by almost R4-billion, with its sub-programme crime prevention absorbing most of the cut. Commenting on C...

RaceFFpod
Rebuild Rex

RaceFFpod

Play Episode Listen Later Jul 11, 2022 87:07


It was a real joy to have Vic from Rebuild Rex YouTube. I have been Watching his channel for a while and it was nice to see that he is as seen on TV. Vic is down to earth and the type of guy that I knew I would not have to work very hard to have a great conversation with. We talk about late 90's cars and share our trauma about working on them. We both agree on not liking torx bolts and we touch on his R35 project and his origin story. Follow like a subscribe to his you tube channel. I can't enough good thing about this Miata Saviour and his attention to detail on that chassis and his work overall.

Engineering News Online Audio Articles
Calls for petrol price deregulation display lack of knowledge – FRA

Engineering News Online Audio Articles

Play Episode Listen Later Jun 17, 2022 2:14


Increasing calls from the public for the petrol price to be deregulated speak of ignorance, warns Fuel Retailers Association (FRA) CEO Reggie Sibiya. “As fuel prices continue to rise, there is pressure on retailers to cut margins and be in competition with each other, which is absolutely impossible. If you look at the retail margin it is R2.28 a litre. “People think there is a lot to share in the margin – there is nothing to share. We actually need more to sustain our businesses.” Sibiya says that countries such as the UK, where the fuel price has been deregulated, in June hit a petrol price of more than R35 a litre. “We must realise that deregulation will not drive prices down on an ongoing basis.” Deregulation could also mean that people will have to fill up their own tanks and pump their own tyres, adds Sibiya. It must also be taken into consideration that numerous service stations are run as “highly geared” small and medium enterprises, he notes. A continued flow of new entrants into the market is also “making the cake smaller”. The recent steep hikes in fuel prices, twinned with the Covid-19 pandemic, have also led to a dramatic reduction in fuel sales, says Sibiya. “Some service stations lost up to 80% of their volumes during the pandemic. They are still in the process of recovering from Covid-19.” Sibiya notes that job opportunities at service stations are related directly to sales volumes, and that the industry may see job losses if volumes do not recover or if margins are affected. “Then, on top of that, we see illegal trading where wholesalers are selling fuel directly to the public,” laments Sibiya. “If you are a wholesaler, you must operate as a wholesaler.” “You cannot go and start retail sales. But this is rampant. We are pushing the Department of Mineral Resources and Energy to manage this situation, which is getting out of hand.” Sibiya notes that it is important for the fuel retail sector to “unify as an industry”, otherwise “government becomes a winner that takes all”.

MiningWeekly.com Audio Articles
Minerals Council expresses concern about impact of logistics constraints on mineral exports

MiningWeekly.com Audio Articles

Play Episode Listen Later Jun 10, 2022 4:17


South Africa's exported bulk mineral tonnages have dropped to their lowest level since the Covid-19 lockdown in the first half of 2020, with rail, port and border constraints negatively affecting users of these State-owned services, causing exporters and the country to miss the full benefits of the current high commodity price cycle, industry body Minerals Council South Africa says. It notes that the constraints on exports of coal, chrome, iron-ore and manganese are a continuation of the difficulties mining companies and traders experienced during 2021, when they experienced an opportunity cost of R35-billion if delivered tonnages are measured against targets set by rail operator Transnet, and a R50-billion opportunity cost if deliveries are measured against the capacity of the rail and port infrastructure and rolling stock. “If there is no change or urgent intervention to address the logistical bottlenecks, the mining industry is likely to incur similar opportunity costs this year, if not surpassing historical losses,” says Minerals Council chief economist Henk Langenhoven. Bulk mineral exports in April were at the lowest monthly level since 2016 if the Covid-19-related economic shutdown from March 2020 is excluded. “The rail and port logistics bottlenecks are having a big impact on South Africa's mineral exports. This worrying trend, which shows no signs of slowing or reversing, underscores the urgency for high-level intervention on the rail network and our ports to stabilise them, return them to productivity and meet design capacity. “Only having achieved the latter can we realistically talk about implementing growth projects so the bulk commodity mines can expand,” says Langenhoven. “Currently, better commodity prices are compensating for underperforming export volumes but the price cycle may reverse, or volumes may deteriorate to such a degree that it negates the price windfall,” he adds. In the four months to April 30, iron-ore export volumes were 7% lower year-on-year, with the value of sales down by 25%. Similarly, production was 14% below that of a year ago. Thermal coal export tonnages were just 8% higher, meaning companies, traders and the fiscus have not fully realised the 150% improvement in coal prices if capacity existed to increase volumes. Production was nearly 3% lower, the council points out. It adds that chrome export tonnages were flat, at 0.4% below those of a year earlier, while the value of exports climbed by 14%. Production nudged up 2.2%. Producers continue to use trucks to export chrome through Mozambique's Maputo port, the council points out. Manganese exports grew by 6% against a 23% increase in value. Production was down by 2%. Crime has recently started to influence tonnages transported on rail, which the council says is concerning. The Minerals Council says its leadership is engaged in high-level talks with Transnet's senior executives and management about the constraints it is dealing with, and how best the mining industry can assist to resolve these challenges. There are also talks about specific commodities and their associated rail and port links between the council, relevant member companies and Transnet to find solutions in a collaborative manner. The Minerals Council and Transnet are in regular contact with Cabinet Ministers and the government's security cluster to address the sourcing of spares for about 200 locomotives and to tackle crime on the rail network respectively, the council says. It highlights that the coal industry has invested more than R100-million on security interventions that have proved effective in considerably reducing the number of security incidents on the COALlink network. Chrome, iron-ore and manganese miners are in talks with Transnet about extending the private security and technology initiatives to their rail corridors to combat crime that is disrupting exports, the council says.

The Late Night Vision Show
Ep. 212 - Bering Optics Hogster Vibe 25 & Vibe 35 Review

The Late Night Vision Show

Play Episode Listen Later May 26, 2022 45:32


Every once in a while a company has a fantastic product and they find a way to make it better by making small upgrades and leaving all the other great features alone. Bering Optics successfully did this with their new Hogster Vibe 25 and Vibe 35 thermal rifle scopes. The previous Hogster R25 and R35 were awesome scopes and wildly popular but they were lacking two features that many people wanted; internal video recording and wifi streaming. Enter the Hogster Vibes. All the same great features and image quality at their predecessors but now with video recording and stream capabilities and still at a very affordable price. The Hogster Vibes are set to become some of the most popular thermal rifle scopes on the market. Check out this review to learn all about both the Vibe 25 and Vibe 35 and find out which one is right for you. If you're looking to buy thermal optics or night vision and need pre-purchase advice, check out https://outdoorlegacygear.com or give Jason & Hans a call at (877)350-1818

Engineering News Online Audio Articles
Eskom sets August 2024 target date for return of damaged Medupi 4

Engineering News Online Audio Articles

Play Episode Listen Later May 12, 2022 2:33


Electricity utility Eskom has set a target date of August 2024 for the return to service of Medupi Unit 4, the generator of which was “catastrophically” damaged during an explosion on August 8, 2021. Acting generation MD Rhulani Mathebula, who has stepped into the role following the resignation of Phillip Dukashe, says assurance and forensic investigations have been completed and that management expects to institute consequence management against those involved by the end of May. The explosion occurred during the displacement of hydrogen with carbon dioxide and air, respectively, for the purposes of finding an external leak. Mathebula reports that its captive insurer, ESCAP, has accepted the admissibility of the claim report issued by the loss adjuster, Sedgwick South Africa, and that the commercial process and award of the first contract for the refurbishment of the generator stator is expected by no later than June 15. “Based on preliminary results from the property damage assessment and long-lead items, the commercial operation of Medupi Unit 4 is expected by August 2024,” he reports. Meanwhile, Eskom also reports that functional specification has been completed for sign-off on the installation of flue gas desulphurisation (FGD) on the six Medupi units, in line with a stipulation of a World Bank loan. COO Jan Oberholzer says the retrofitting of FGD to the six Medupi units at the power station is expected to cost between R35-billion and R42-billion, based on its experience with installing the technology at the Kusile power station. Eskom is working to compile a scope of work, but does not yet have a final date for the issuance of a tender. Separately, the Eskom board has approved new target dates for the completion of the remaining Kusile units, with Unit 4 slated for commercial operation in January 2023, Unit 5 in December 2023 and Unit 6 in May 2024. Previously, Eskom had expected Unit 4, which was first synchronised to the grid on December 23 last year, to enter commercial operation in July this year. Oberholzer says Eskom has every intention to “beat those dates”. To do so, however, will require more rapid progress on securing coal for the plant, as well as ensuring that the ash-handling facilities are in place.

MiningWeekly.com Audio Articles
MC Mining investigates marketing alternatives to ride price boom; Uitkomst output rises

MiningWeekly.com Audio Articles

Play Episode Listen Later Apr 29, 2022 5:14


Coal miner MC Mining's 70%-owned Uitkomst colliery increased its run-of-mine production by 7% year-on-year to 124 144 t in the first quarter of the year. Sales of high-grade peas and duff, totalling 62 751 t, were achieved in the period, up from the 53 512 t sold in the first quarter of 2021. The sales were augmented by the sale of coal carried over from the last quarter of 2021 and the two pre-sale contracts outstanding at the end of December 2021, which were completed during the period under review. In addition, Uitkomst also sold 8 610 t of high ash middlings coal in the period, marginally down year-on-year, while the mine had 8 373 t of high-grade duff and peas coal on hand at the end of the quarter, compared with 10 909 t at the beginning of the quarter. MC Mining recorded 71 361 t of coal sales during the quarter, up from the 62 301 t of the first quarter of 2021; comprising 62 751 t of high-grade metallurgical and thermal coal and 8 610 t of lower-grade middlings coal. MC Mining points out that Russia is a significant producer of coal globally and its invasion of Ukraine resulted in the prices of thermal coal attaining record highs. Average API4 prices in the first quarter of this year were 162% higher year-on-year at $238/t; but the composition of Uitkomst's sales mix resulted in average revenue a tonne increasing by just 53% year-on-year to $110/t. However, these elevated prices are not being accepted in the South African domestic coal market and, as such, MC Mining is assessing alternative coal marketing strategies, including the potential production of higher-quality coal for the international pulverised coal injection market. Uitkomst's sales include lower-value middlings coal, as well as sales under fixed price arrangements. Production costs per saleable tonne were marginally higher than the comparative period of 2021, increasing from $73/t to $74/t. Nonetheless, revenue per tonne sold also increased year-on-year, from $72/t in 2021 to $110/t, owing to elevated API4 coal prices recorded during the quarter. MAKHADO & VELE MC Mining's flagship 67%-owned Makhado hard coking coal project recorded no lost-time injuries in the first quarter. In the period under review, the Industrial Development Corporation, which holds a 6.7% equity interest in Baobab Mining & Exploration – MC Mining's subsidiary that owns Makhado – agreed to extend the date for repayment of the existing R160-million loan plus interest. This is in addition to extending the terminal drawdown date in respect of the conditional R245-million term loan facility for the development of the Makhado project to November 30. In the event MC Mining does not repay the existing loan by the repayment date, the financing documentation enables that the debt be converted into equity. Baobab also completed the acquisition of the Lukin and Salaita properties – key surface rights for the Makhado project – with the balance of the purchase price of R35-million paid during the quarter. The economics of the Makhado project were confirmed in the bankable feasibility study (BFS) completed by Minxcon subsequent to the end of the first quarter. Going forward, the development of Makhado is expected to deliver positive returns for shareholders and will position MC Mining as South Africa's pre-eminent hard coking coal producer, states MC Mining. The project has an estimated capital cost (including contingencies) of R625-million, a peak funding requirement of R727-million and is expected to create about 650 permanent employment positions (including contractors) at steady-state production. The BFS confirmed that Makhado has a short construction period of 12 months, positioning the project to take advantage of the current higher global coal prices. Meanwhile, MC Mining's fully-owned Vele semi-soft coking and thermal coal colliery remained on care and maintenance during the first quarter and recorded two lost-time injuries (LTIs) when staff members were involved in a traffic accident ...

Urology Coding and Reimbursement Podcast
UCR 091: FAQs - Remote uroflow; Interstim covered diagnoses issue; TURP and bladder scan during global; Robot-assisted laparoscopic prostatectomy

Urology Coding and Reimbursement Podcast

Play Episode Listen Later Apr 8, 2022 26:37


Available April 8, 2022Mark, Scott, and Ray answer questions1) My clinic is trying out the app through Emano Flow that tracks a patients urine flow for 14 days and then the Urologist goes over the results with the patient when the trial is finished. My clinic is very confused on whether or not each individual day needs an interpretation written by the doctor in order to bill a uroflow (51741) on a particular day?2)  [9:05]  I am working on an appeal letter to Regence Blue Shield for in Interstim device.  In their criteria for coverage, the covered diagnoses for this type of treatment are: a. Urge Incontinence (N39.41), b. Non-obstructive urinary retention (R33.8), c. Overactive bladder (N32.81) and d. Urgency-Frequency syndrome (??).  For D, I could use the symptom codes of R39.15 and R35.0.........but is there anything else that might be better?  The documentation states the female patient has Fowler's Syndrome, but there isn't an ICD-10 for that either!  Suggestions???3) If a Medicare has a TURP 52601 and then two months later has a bladder scan in the office 51700 should Medicare pay for that bladder scan?4) What is the difference betweent simple prostatectomy codes 55821 and 55831.  What is the best way to code for Robot-assisted laparoscopic simple prostatectomy on a Medicare patient?  And, same question for a commercially insured patient?UTI – PCR UPDATEThe following Medicare Administrative Contractors (MAC) aka Carriers, have issued a proposed multi-jurisdictional Local Coverage Decision (LCD) for Multiplex Nucleic Acid Amplification Test (NAAT) PANELS FOR INFECTIOUS DISEASE Testing, Wisconsin Physician Services Insurance Corporation, CGS Administrators, LLC., Noridian Healthcare Services, LLC., and Palmetto GBA.Each has also issued an associated Local Coverage Article (LCA) with coding instructions and limitations on coverage. Each of these states participate in the MolDX program administered by Palmetto GBA. The coverage change takes effect April 17, 2022 in all states within each jurisdiction...​[READ MORE]​ Join the discussion:Urology Coding and Reimbursement Group - Join for free and ask your questions, and share your wisdom.Click Here to Start Your Free Trial of AUACodingToday.com 

Carbitrage
Episode 244

Carbitrage

Play Episode Listen Later Mar 16, 2022 68:15


On this episode of the Carbitrage Podcast, Ryan realizes he wont be getting his Brimach Taos after all, Hertz files more stolen car reports in a year than my home town population 10 fold, leading to some dicey reports and a huge counter suit. Gas prices are up and we figure out how far they have to go before it actually matters, GR Yaris is a better car than an R35, numbers prove, Honduras car culture, and Lada halting production for.. you know.. reasons! Carbitrage Patreon: www.patreon.com/carbitrage Carbitrage Youtube: www.youtube.com/channel/UC2Top3relSWF9_MNYabwXlQ Carbitrage Soundcloud: https://soundcloud.com/erik-berger-115940933

行動星球
【行動星球⼀小徐說說話-EP106】第一代Infiniti G35的前世今生(上),Nissan Skyline(V35)的左駕兄弟!

行動星球

Play Episode Listen Later Mar 10, 2022 17:14


說起大名鼎鼎Skyline車系,大大們直覺就會想起GT-R、還有頭文字D,不過GT-R車系在R35後正式成為獨立車系,在此先不討論。第一代Infiniti G35算是第一輛量產的左駕Skyline,具備Coupe和Sedan車型,改為搭載VQ系列的V6引擎,當年推出時在美國銷量頗佳。G35的豐功偉業留到下集說明,這一集要講的是一般版的Skyline從R32、R33、R34一路演化到V35、G35的歷史演進,一同來了解Skyline在時代的衝擊下如何演進?而第一代G35又是如何橫空出世?

Polity.org.za Audio Articles
2022 NSFAS applications open Nov 2

Polity.org.za Audio Articles

Play Episode Listen Later Oct 28, 2021 4:09


Those wishing to apply for the 2022 National Student Financial Aid Scheme (NSFAS) can do so from November 2 until January 7, 2022. Minister of Higher Education, Science and Innovation Dr Blade Nzimande made the announcement on Thursday and urged those hoping to study at public universities and technical and vocational education and training (TVET) colleges to apply on time. Addressing the media in a press briefing attended by NSFAS CEO Andile Nongogo, officials from the Department of Higher Education and Training and student leadership, Dr Nzimande said the demand for student funding had increased now more than ever, owing to the impact of the Covid-19 pandemic. NSFAS funding had increased from R5.9-billion in the 2014/15 financial year to about R35-billion in 2020/21. “This is a significant contribution by government to supporting access to higher education and the success of students from poor and working class backgrounds. I am very proud of the achievements of the NSFAS,” Nzimande said. Government will categorise applying students as first-time and returning students who are also South African Social Security Agency (Sassa) beneficiaries; first-time and returning students who are not SASSA beneficiaries; and students living with disabilities. Applications are also open to individuals who are already enrolled at institutions, but are without funding and who qualify financially for NSFAS funding. Nzimande said the NSFAS board had given its assurances that the 2022 application process would handle student applications efficiently and seamlessly. According to Nzimande, NSFAS funding for university and TVET college bursaries for poor and working class students increased by 107% from R20-billion in 2018 to R42-billion in 2021. The 2020 academic year saw 751 858 fully-subsidised third year students, 489 912 of whom were university students and 261 404 of whom were TVET college students. The total number of university students funded, including funding from other government departments, increased by 45.4% from 346 966 students funded in 2018 to 504 366 students funded in 2020. “These indeed are not small numbers in terms of government assistance to students at university and TVET colleges. In essence what I would like to say is that indeed there is free higher education for the children of the working class and the poor in this country,” Nzimande said. Sharing the overall student demographic profile he said university and TVET college students in 2020 comprised of 92.9% African students, 4.2% Coloured students, 0.9% white students, 0.7% Indian students and 1.4 % others. Nzimande pointed out that NSFAS had been particularly effective at targeting female students, who constituted 61.5% of all students funded – in 2018 this was 61.4%. He highlighted this as a huge achievement in terms of affirming women in post school education and training. However, the Minister noted a 26% decrease in funding for students with disabilities and promised to give it focused attention. In the 2020 academic year, NSFAS funded 1 421 university students with disabilities compared to 1 921 students in the prior year. Students with disabilities who qualify for funding fall within the maximum threshold of up to R600 000 of combined gross family income a year. Nzimande stressed that the system had been improved and assured students that the new changes would make the application process smooth and glitch-free.

Breakfast with Martin Bester
GMA: Help for a young widow and her two children

Breakfast with Martin Bester

Play Episode Listen Later Aug 25, 2021 13:19


The GMA Fund will assist Bianca with R35,000 on behalf of the Jacaranda FM listeners.

The Motor Culture Podcast
@directorlukeh "if you're a lazy creative or have bad vibes, maybe we won't be a good fit"- #043

The Motor Culture Podcast

Play Episode Listen Later Aug 10, 2021 122:25


Ladies a gents, this is a special one for me.  A filming legend from New Zealand but based in Japan, enriched by the [automotive] culture - Luke Huxham.  This was a lovely conversation that stretched from Tampa to Tokyo crushing my previous record with one of my close friends from Canada ironically named Lucas lol.  Back on topic, Luke is behind some of my favorite automotive films such as the Redbull-F40 ski slope climb, the Hakone turnpike run featuring a retired Z4 GT3 and Kawabata piloting the fuck out of a R35 over the most gorgeous geography.  There is a certain style of filming that really hits the heart, a very serious cinematicly gorgeous perception that really introduces you to different understanding of how things can be shown.  He doesn't fuck around with the extent it takes to film the angle perfecting the scene.   He uses a C6 RS6 avant as his camera car.   I should end with that.  Listen to this episode, tell your friends, follow Luke- and enjoy.lukehuxham.com  Intro & exit track provided by the talented @ArifOmariandFranklin production squad. Thanks gents 

Breakfast with Martin Bester
PART 1: New mother walks away with the R85,000 Secret Sound cash!

Breakfast with Martin Bester

Play Episode Listen Later May 20, 2021 4:02


Elsabè is the winner of the R50,000 Secret Sound! However, because it is Jacaranda FM’s birthday and us not knowing Elsabè was still at the hospital, Martin Bester decided to give her an extra R35 000!

Breakfast with Martin Bester
PART 2: New mother walks away with the R85,000 Secret Sound cash!

Breakfast with Martin Bester

Play Episode Listen Later May 20, 2021 6:12


Elsabè is the winner of the R50,000 Secret Sound! However, because it is Jacaranda FM’s birthday and us not knowing Elsabè was still at the hospital, Martin Bester decided to give her an extra R35 000!

Breakfast with Martin Bester
GMA: Young rugby star and his mom gets a surprise of a lifetime

Breakfast with Martin Bester

Play Episode Listen Later May 19, 2021 10:55


SPONSORING: The GMA Fund will assist Louise and Shelton with R35 000 to repay the loan she took out for the urgent operation he needed to fix his jaw!

Car Chat
#87 Jimmy Broadbent | Sim Racer / Youtuber

Car Chat

Play Episode Listen Later Apr 5, 2021 100:39


Jimmy Broadbent (@jimmy_broadbent) is a sim racer, presenter and youtuber. We have a chat about his journey and bunch of topics along the way. Check out the youtube vid: https://youtu.be/SnC-17tF05Yhttps://www.instagram.com/jimmy_broadbenthttps://www.youtube.com/user/jimski10Hope you enjoy, SamAudio Podcast:https://linktr.ee/carchatpodcastSupport The Podcast:https://www.sammoores.com/shop/buy-sam-a-pintPodcast Sponsors:www.TheMarket.co.uk www.Rimblades.com - Use discount code "CARCHAT" at checkoutShow Notes: 00:00 - Intro04:22 - Streaming and Gaming07:06 - Sim Racing Steering Wheels08:21 - How fast are you compared to e-sports drivers?10:37 - What’s it like doing a 24hr Endurance Sim race?16:19 - What’s your pinnacle Sim race?18:57 - Direct Drive Wheels and Force-Feedback23:37 - How does different sim software compare?27:48 - Setting up a PC Racing Sim34:14 - Racing a Praga38:58 - Driving (and crashing) a Radical41:28 - Driving on a track in the wet44:01 - Heel and Toe on a Racing Sim46:10 - What Praga are you racing?50:10 - How does Sim racing compare to real racing?59:11 - Can you use real racing to improve your sim setup?1:04:10 - How to improve your sim racing times1:08:11 - How do the different Sim games compare?1:12:16 - What are you looking forward to in sim racing?1:13:05 - VR and Sim Racing1:15:50 - Getting involved with Gran Turismo1:20:36 - Has being a commentator improved your confidence?1:22:13 - Being a voice-over in the Gran Turismo games1:25:12 - Jimmy’s GT-R’s1:27:53 - Time Attack MX-51:35:02 - 5 Questions#carchatpodcast #podcast #carchat

Car Chat
#87 Jimmy Broadbent | Sim Racer / Youtuber

Car Chat

Play Episode Listen Later Apr 5, 2021 100:42


Jimmy Broadbent (@jimmy_broadbent) is a sim racer, presenter and youtuber. We have a chat about his journey and bunch of topics along the way. Check out the youtube vid: https://youtu.be/SnC-17tF05Yhttps://www.instagram.com/jimmy_broadbenthttps://www.youtube.com/user/jimski10Hope you enjoy, SamAudio Podcast:https://linktr.ee/carchatpodcastSupport The Podcast:https://www.sammoores.com/shop/buy-sam-a-pintPodcast Sponsors:www.TheMarket.co.uk Show Notes: 00:00 - Intro04:22 - Streaming and Gaming07:06 - Sim Racing Steering Wheels08:21 - How fast are you compared to e-sports drivers?10:37 - What’s it like doing a 24hr Endurance Sim race?16:19 - What’s your pinnacle Sim race?18:57 - Direct Drive Wheels and Force-Feedback23:37 - How does different sim software compare?27:48 - Setting up a PC Racing Sim34:14 - Racing a Praga38:58 - Driving (and crashing) a Radical41:28 - Driving on a track in the wet44:01 - Heel and Toe on a Racing Sim46:10 - What Praga are you racing?50:10 - How does Sim racing compare to real racing?59:11 - Can you use real racing to improve your sim setup?1:04:10 - How to improve your sim racing times1:08:11 - How do the different Sim games compare?1:12:16 - What are you looking forward to in sim racing?1:13:05 - VR and Sim Racing1:15:50 - Getting involved with Gran Turismo1:20:36 - Has being a commentator improved your confidence?1:22:13 - Being a voice-over in the Gran Turismo games1:25:12 - Jimmy’s GT-R’s1:27:53 - Time Attack MX-51:35:02 - 5 Questions#carchatpodcast #podcast #carchat

Breakfast with Martin Bester
Family of three healing after head-on collision with drunk driver: Good Morning Angels

Breakfast with Martin Bester

Play Episode Listen Later Dec 9, 2020 9:44


Roman’s Pizza will assist the Du Toit family with a donation of R35 000 to help cover some medical expenses after their devastating accident and GMA Fund will match the Roman’s Pizza donation with another R35 000 in assistance towards medical and other expenses for Marius, Monica and Kyle

Breakfast with Martin Bester
A third operation for two-year-old Bailey to walk, run and play: GMA

Breakfast with Martin Bester

Play Episode Listen Later Dec 7, 2020 5:27


Roman’s Pizza will assist Bailey and her parents with the R35 000 still outstanding for her operation scheduled for Friday

Breakfast with Martin Bester
A helping hand for Bianca and three-month-old baby after husband’s suicide: GMA

Breakfast with Martin Bester

Play Episode Listen Later Dec 2, 2020 9:06


Roman’s Pizza will assist Bianca and baby Shelby with R35 000 to pick up their lives after their tragic loss. #GMAFestiveEdition

Radio Islam
Herman Mashaba calls for investigation into Joburg Mayor Geoff Makhubo

Radio Islam

Play Episode Listen Later Dec 1, 2020 5:28


Former Joburg mayor and Action SA leader Herman Mashaba has told Radio Islam that current mayor Geoff Makhubo has taken corruption to another level. Makhubo appeared in front of the Zondo comission last week to account for a R35.7 million payment, spanning eight years paid to Molelwane Consulting, a company owned by him and Regiments Capital.

Engineering News Online Audio Articles
WBHO sees plunge in profit as Covid-19, loss-making projects take toll

Engineering News Online Audio Articles

Play Episode Listen Later Nov 17, 2020 4:10


Wilson Bayly Holmes-Ovcon (WBHO) on Tuesday reported a massive turnaround in fortunes from 12 months ago when it boasted R513-million in operating profit for the year ended June 30, to a position where it suffered an operating loss of R585-million. Group CEO Wolfgang Neff cited the main reasons for the decline in profit as the additional expected losses provided for on the Western Roads Upgrade project and the loss-making 443 Queen Street project, both in Australia, and R396-million in potentially unrecoverable costs arising from Covid-19. The performance of the group was also “significantly affected” by reduced productivity and lost profits over the last quarter of the reporting period as the pandemic spread across the world. “This is clearly visible in the performance from the African operations which experienced a 47% decrease in profitability,” noted WBHO in a statement. “Only the UK operations delivered improved profitability amounting to 32%, due to solid performances from both the Byrne Group and Russells-WBHO.” Revenue for the group for the financial year showed a 6% improvement, to R43-billion. Neff said WBHO regarded the current reporting period as one of the most challenging ever faced in its 50-year history. The group’s payroll decreased by 2 500 employees since September 2019. Order Book and Outlook WBHO’s total order book decreased by 25%, from R47-billion to R35-billion, which comprised a 12% and 9% decrease in the order books of the roads and earthworks, and building and civil engineering divisions, respectively; a decrease of 28% in the order book relating to Australia; and a 21% decrease in the order book of the UK operations. New project awards remained subdued throughout July and August of the new financial year, however, there was a noticeable increase in activity in South Africa from September once the country entered Alert Level 1, said WBHO. Project awards subsequent to the end of the financial year amounted to R9.4-billion, with a further R8-billion expected to be awarded within the next three months in respect of projects on which the group is the preferred bidder. Looking ahead, WBHO noted that the current high levels of uncertainty owing to Covid-19 made it “exceptionally difficult” to predict how markets would behave, and what impact that might have over the medium term. The group believed that new projects awarded in the first half of the new financial year, together with the imminent awards expected over the next three months, would provide sufficient work over the short term as markets stabilised. “Private fixed investment across all regions is expected to face continued pressure in the wake of Covid-19, particularly within the hotel, leisure and commercial building sectors. “The South African, Australian and UK governments have all committed to widespread public infrastructure development as part of the economic stimulus packages aimed at relieving the devastating effects of Covid-19 on economies. “The roads and earthworks and civil engineering divisions in South Africa and WBHO Infrastructure in Australia are well-positioned to participate in these stimulus packages. “Eskom’s recent recommitment to renewable energy, together with additional private-public partnerships in the commercial building sector, offer promising prospects in South Africa,” said WBHO. “Mozambique will be the dominant source of activity in the rest of Africa, with the gas infrastructure projects providing a number of construction opportunities. At present, the group has elected to target the lower-risk ancillary civil works.”

The Fat Wallet Show from Just One Lap
How to spot a con (#221)

The Fat Wallet Show from Just One Lap

Play Episode Listen Later Oct 11, 2020 65:27


I find it odd that so many people fear the stock market and then get lured into financial scams. Inspired by James, who is trying to keep his clan from being conned, we help you figure out when something is just not right.  Here are some tips to get you going: Find out if the company or product is registered with the Financial Services Conduct Authority (FSCA). This is not foolproof, but it takes a diligent kind of con artist to steal money in this way. It does filter out a lot of the scum. Run the opportunity through the Just One Lap five concepts filter: At the end of this experience, will you own an asset?  Will you earn income on that asset and will that income compound?  Will the returns beat inflation?  Compared to what your index of choice did over the same investment period, do the returns seem too good to be true? The promised returns are a huge red flag. If you're new to financial matters, it's hard to know what's a lot and what's a little. As a rule of thumb, when an “investment opportunity” offers monthly returns, be very suspicious. It's industry practice to quote returns for a year.  Google not just the company or product (that's usually fairly easy to control), but also every individual's name associated with the product. Scammers love getting away with scams, so they tend to circle back. If you find media articles about the legitimacy of the product and the person you're dealing with tells you they're taking legal action against the media house, be very suspicious. This is an old trick to put potential investors at ease. Remember, you don't have to be in the right to bring legal action. We also spend a little time on helping you think about alternative, unlisted investments and the place they should have in your portfolio. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. James How do you know you are investing with a fraud? More importantly, how do you convince your friends or family that they are going to get fucked? A friend of mine invited me to listen to a guy that is willing to invest your money through his company.  The returns are absolutely amazing!  77.64% for the year in 2017!  To the untrained ear, this guy sounds lekker.  He explained that they move the money to America and use a computer program (that his son developed) to predict the market.  The level of risk is then adjusted by the amount of gold (held at the bank of England) in a portfolio. They do all of this at a fee of 1%.  I asked him a few questions about custodian accounts, insurance, brokerage, total investment cost, TAX and all kinds of clever shit you and Simon spoke about on the show.  I could see this guy has no idea what I am talking about and then he referred to an ETF as an "Electronic Traded Fund" then I knew this is a fucking keeper!  He told me that he is not here to convince or force anyone to invest with him. But there he was, trying to convince people to invest with him.   I am convinced this guy is a fraud, but my friends are not and eating up every word this guy is saying.  My friends have family invested with him and have seen returns so now they are true believers. What do I do? Win of the week: Martie I enjoy your writing and podcasts. Think the fact that you do not come with a background in finances makes it easier for the ordinary person to relate to you. And the fact that you have learned so much about finances gives us hope that we can do it too. Definitely an inspiration.  You and Simon are a mean team and I am really glad I discovered you.  Ani I have an option to take a pension backed loan. Each month, the payment will be deducted from my salary. Should I default, they will take the money from my pension.  The interest rate for the loan is prime minus 1%, and there are no registration costs (which would be a minimum of R35000 according to the bank should I apply for a 2nd bond). We are expecting the renovations to cost between R300,000 and R400,000, worst case scenario. We are also planning to move overseas within 5 years. We don't want to overcapitalise. Houses similar to ours in our area are in the market for between R2.2 and R2.4 million. We are trying to ensure our house is the most attractive house on the block. If we run into financial trouble, and we need to rent out the house, we shouldn't have a problem finding tenants. If we want to sell, we offer a better house for a similar price to the "outydse" one down the road. If we don't move out of the country, we will stay in this house.  Is the pension-backed loan worth it, or should we take the R35,000 out of our emergency/insurance money(for registration costs) and rather take out a second bond? The Ts and C's indicate that should you leave the retirement fund, you can settle it in cash, or they take it from your pension (thinking about tax implications etc, that's the last thing I want to do). Or should we live with shitty floors and cupboards (and increased spending on sinus meds along with cracked heels) until next year March when we have more certainty on whether there will be salary cuts etc?  Ndida How do I use this cost per use on a running shoe bought for R3,000. Do I use the 12 months I have used the shoe or the kilometers I have done?  I am under debt review working my way to be debt free. I entered debt review in April 2019. In 2016 I bought timeshares with LPA under the impression that I was investing in property. The contract is for seven years until I have paid them in full, plus the annual management fees which are quite steep. I still have five more years to pay. Since I am occupying the place only once per year I am a loser ito cost per use. I am not sure how to untangle myself from this. I am paying a monthly installment of R1,700 and each year there is a seven percent increase. Wesley I have a bog standard TFSA with Standard bank that I've been contributing to for 3 years now. I only recently discovered your site and the opportunity to take this long-term investment and use it to buy ETFs to give me a better interest rate than the minor 3.5% I'm getting from Standard Bank. I want to make this money work harder for me and I don't plan on using it for at least 10 years, probably longer. Is it possible to transfer this TFSA from SB to a place like EasyEquities and start using it to buy ETFs? Is there any tutorial/how to on this process outlining what I need to do at the bank as well as with EE? Chris  I would like to offer the staff some resources to help them with their personal finances, I can offer some help in my personal capacity from what I've learnt from you guys, but can you give some resources/tips on how to deal with reduced income? The school has applied to TERS from day 1, but those F%^&* have paid us diddly squat, and won't tell us why…

Business News Leaders
How Aspen whittled down its debt pile

Business News Leaders

Play Episode Listen Later Sep 10, 2020 5:03


Business Day TV — Aspen's debt pile has been a major concern for investors but the company has managed to address this by reducing its net borrowings over the past 18 months to R35.2bn. Business Day TV caught up with the group's CEO Stephan Saad for a closer look.

debt pile r35 business day tv
LifeTalk
Meet Bongolwethu Harmans!

LifeTalk

Play Episode Listen Later Aug 8, 2020 29:12


"You never know how strong you are until being strong is your own option" In this episode of 'I Have a Story To Tell' I chatted to Bongolwethu Harmans, a 3rd year Bachelor of Commerce student at Wits University. Bongolwethu has such an amazing story to tell. Bongolwethu lost both his parents within a span of one year when he was eight years old. He quickly realised that life will never be the same again and decided that the only way to make a difference was to make decisions that will impact his future positively. Thank you Moshal Scholarship Program for instilling the 'Pay It Forward' value and principle in Bongolwethu that lead him to raising R35 000 to buy school uniform for those in need Listen to Bongolwethu's story, he has a story to tell!

Tanks Encyclopedia
029 Renault R35 in Lebanese service - The last of the R35s

Tanks Encyclopedia

Play Episode Listen Later Jul 13, 2020 11:52


The Renault R35 was born as a result of the French 1933 light infantry tank program, which set requirements for what would basically be a remake of the WW1-era Renault FT with more modern technology. The most common of the three tanks that were adopted following this program was the R35 (the others being the H35 and FCM 36), a slow (20 km/h) two-crew light tank which featured a puny 37 mm SA 18 main gun alongside a coaxial MAC 31 7.5 mm in a fully rotating turret. Poorly designed ergonomics-wise and lacking a radio, perhaps the only redeeming feature of the vehicle was a quite respectable 40 mm of all-around armor, considerable for a 1930s light tank. While originally meant to be used as a support vehicle alongside the French infantry in an European war, the R35's large production run meant it saw service beyond the plains of Northern Europe, including former French colonies which reached independence: this was the case of, for example, Lebanon. Article: https://tanks-encyclopedia.com/renaul... If you liked this video, please consider donating on Patreon or Paypal! Patreon: https://www.patreon.com/tankartfund Paypal: https://www.paypal.me/tankartfund An article by Marisa Belhote Video mounted by Big Turn: https://www.youtube.com/channel/UC6Dt... Audio edited by Kraiger Voicing by Brian Gaydos

Past Gas by Donut Media
Nissan GT-R Pt. 2: King of the Monsters

Past Gas by Donut Media

Play Episode Listen Later Dec 23, 2019 35:44


With the resounding success of the Nissan R32 GTR, it was time to design a follow up. Lucky for Nissan, the R32 was just the beginning. In this episode, James, Nolan and Joe discuss the underrated R33 and why it deserves more love, the Legendary R34 and all its special editions, and the R35, the car responsible in part for the birth of car Youtube. Nolan also blows his nose. Follow James on IG and Twitter @jamespumphrey Follow Nolan on IG and Twitter @nolanjsykes Follow Donut @donutmedia, and subscribe to our Youtube and Facebook channels!  Learn more about your ad choices. Visit megaphone.fm/adchoices

Property Magicians Podcast
Episode 15: How to make R35, 000 per month from 1 property in the township

Property Magicians Podcast

Play Episode Listen Later Dec 8, 2019 80:53


In episode 15, we interview Sandile Hogana who works as exec for a company called Private Property and is also a property investor. Sandile is focused on building high end multilets in low income areas, in particular Turffontein. He started his property investment journey by investing with friends in a pooled fund and then branched out on his own and bought a 3 bedroom property that he converted into a multi let in Turffontein. Before investing in his first property, he spent 3 months doing his due diligence, mapping out his vision and then laying out his action steps. He made sure that his property was different from any of the other surrounding properties - it has security, built in cupboards, privacy, care taker and will soon have shared DSTV. Because of the design and value adds, he is able to rent this property for R2, 500 - R4, 500 per unit and is currently cashflowing at R35, 000 (US$2,350) per month from his first property. If these figures get you excited, then you definitely need to listen to this podcast and learn how Sandile pulled all this off. You can contact Sandile at: Facebook: https://www.facebook.com/profile.php?id=100012503741539 Twitter: @SandileHogana Linked in: Sandile Hogana

Launch Control
S1E22: Sights and (E)Sounds

Launch Control

Play Episode Listen Later Sep 22, 2019 51:34


Lance and Steve discuss: 1) Where exotic cars park in the dirt 2) Giving EVs a voice - literally 3) A realistic approach to manuals 4) Steve’s garage: meeting the Alto, the future of his R35, and could he be coming around on the Supra? Find Launch Control everywhere as @launchcontrolcars Want to hear anything in particular? Email us at launchcontrolcars@gmail.com or DM us!

Stock Watch
Stock Watch - Stock Pick — Vukile

Stock Watch

Play Episode Listen Later Aug 14, 2019 27:40


Business Day TV — Nesi Chetty from Stanlib chose Vukile Property Fund as his stock pick of the day. "Vukile is one of the companies that we have liked for a while. It has one of the most defensive retail portfolios in the property sector. It is a R35 billion portfolio but close to R30 billion of that is local assets. If you look at the company's performance over time it did well to go offshore into Spain. Their investment into Castellana started at around 300 million Euros and is now at around 900 million Euros. We think that over time it will do quite well from a distribution perspective. It is also trading at a discount to NAV and the yield is in excess of 9%. There is still select retail opportunities in the retail space."

Nissan Nation Podcast
073 - Rants, Interview GTR

Nissan Nation Podcast

Play Episode Listen Later Jun 4, 2018 118:30


RANTS!  We asked and you gave back and it seems Danny and Holden have a few as well.  Interview: Johanna and Josh stopped by the interview loft to talk GTR ownership. We discussed some do's and fonts when looking for a used R35.   This show was brought to you in part by www.regalnissan.com  When you need OEM parts or that brand new 370Z Regal has you covered for the best prices in the south. Be sure to tell them the NNP sent you. 

Formula Whatnot
CAMcast: Cole Powelson

Formula Whatnot

Play Episode Listen Later Sep 7, 2016 53:25


He went from his parent's basement and a Porsche, to a corner office with a view of his sweet Nissan Leaf.  He is Cole Powelson of Lyfe Motorsport, home of the fastest time attack R35 GTR in the world.  How did he make that journey?  What was the springboard to his success?  He answers those questions, more, and we talk about how much we love Jose, because it's hard to not love the only Portuguese fella we know.   Follow Lyfe on Facebook, and on Instagram (@lyfemotorsport) and Snapchat (lyfe_motorsport).  And while you're at it, check out their YouTube page for some behind the scenes videos from their Pike's Peak trips, HKS Speed Ring, and World Time Attack Challenge.

Radio HOTLAP
#105 - Bathurst 12 Hour comes of age

Radio HOTLAP

Play Episode Listen Later Feb 24, 2009


Back to back winners at Bathurst 12 Hour supported by our Linda. Zukanovic beats Holden Motorsport on The Mountain whilk Klark has some toilet troubles. Simonsen back in British GT for 2009 after taking top Autosport Award. Three seeded drivers for OZGT causes pain for many. R35 the new safety car in V8SC. Were off to Townsville. Safari 4 beta. The fraudulent Sausage ruins a Hyatt teppanyaki. The Cockleman joins in next week with his Winge and Wine segment. We hope.