Podcasts about r70

Good Morning Angels together with Martin Bester and Round Table's Warm Fees assisted the SPCA Randfontein and Westonaria to keep their animals safe and warm this winter. The Good Morning Angels Fund will assist SPCA Randfontein and Westonaria with the R45,000 needed to install their much-needed security system, ensuring the safety of their staff, animals, and facilities. We will also contribute an additional R25,000 to assist with vet bills, food, and other necessities, bringing the total donation to R70,000! Warmfees 2025 with Martin Bester & Round Table will donate 100 blankets to SPCA Randfontein and Westonaria – one for each of their dog (60) and cat (40) kennels.

Guest: Stephan de Wet | Chairperson Financial Planning Institute's Tax Competency Committee Africa Melane speaks to Stephan de Wet from the FPI on the looming tax blitz aimed at recovering R70 billion in unpaid revenue. With 500 new agents and a focus on compliance, could this reshape the tax landscape in South Africa?See omnystudio.com/listener for privacy information.

Good Morning Angels assisted Desmond Sibiya in fighting back after he was shot by intruders who responded to an ad he posted online. The Good Morning Angels listener fund will assist Desmond with R100,000 towards his life-saving medical treatment after being shot in the stomach by intruders. Our friends at Ecomed Medical were listening, and they will donate the remaining R70,000 needed for Desmond to receive his life-saving medical treatment.

The Organisation Undoing Tax Abuse has expressed concern over the City of Johannesburg's new prepaid electricity surcharge. Starting this month, the city's power utility, City Power has implemented a R200 surcharge, which includes a R130 monthly network capacity fee and a R70 service fee on prepaid meter users. OUTA  has criticized the initiative, calling it a simplistic revenue-raising effort by the city's administration. For more on this Elvis Presslin spoke to OUTA ceo Wayne Duvenage

As of 1 July, Gauteng residents on Joburg City Power's prepaid meters will be charged a recurring R200 monthly fee.  City Power said the new fee was split into two - R70 for service charges and R130 for network capacity charges.  The fee is in addition to the 12.7% tariff increase which the utility also implemented on 1 July. Johannesburg City Power said that it customers had not been contributing sufficiently to its service and capacity charges.  The utility said it was no longer sustainable for it to provide these services without charging.  City Power's general manager for pricing and tariffs, Frank Hinda, explained how this would work if a customer bought electricity for R200.See omnystudio.com/listener for privacy information.

Mapungubwe Institute for Strategic Reflection executive director Joel Netshitenzhe delivered the keynote address at the Black Business Summit on Monday, where he was optimistic of South Africa moving towards 4% in economic growth in the next two or three years, provided constraints are dealt with. His address reflected on the country's political economy 30 years into democracy and asked "Where is South Africa headed in the next 30 years?" He noted various ongoing strategies that could ensure positive prospects for the country going forward. "These are elaborated in the Economic Reconstruction and Recovery Plan: the infrastructure programme; Master Plans for sectors with potential; a strategic African pivot in economic relations; and focussed attention to absorption of the unskilled and semiskilled through speedier land reform, low-end manufacturing and support for micro and informal enterprises," he stated. However, he noted that it would take some time before these strategies had a significant impact. "…but the economy can climb towards 4% growth in the coming two to three years, if we are able to address the binding constraints," he added. In discussing the Black Business Summit's review and interrogation of policy, and legislative instruments that affect overall socioeconomic transformation and inclusive growth in South Africa, Netshitenzhe drew on the argument that politics plays a role in social development. He tracked the evolution of South Africa's political economy since 1994 by unpacking economic dynamics. "As we all know, in the decade of the 2000s, economic growth was in the region of 5%, and the unemployment rate was reduced from 31% to 23%. There are many reasons for poor performance in the last decade, both objective (such as the global financial crisis) and subjective (represented by systemic corruption and poor management of infrastructure). As South Africa sought to emerge from these reverses, many of us did not fully appreciate how gruelling it would be to turn the ship around. "Then, Covid-19, as well as natural and social disasters, struck - slowing the recovery and taking us back many years across most indicators. In other words, as we train our eyes on the horizons ahead, there are many positive and negative lessons to draw from," he said. Discussing the evolution of South Africa's class structure, Netshitenzhe noted that the black middle class was the majority in this segment, while noting the fragility of the positions of some. He said while black people formed the majority in skilled and professional categories, the same was not true at senior and top management levels. However, he noted that black asset ownership in housing, land and capital had seen improvements. "In mining, for instance, 39% of assets are owned by black people; and as we heard at the Worker Share Ownership Conference last week, the share value of ESOPs (Employee Stock Ownership Plans) is about R70.3-billion, with R3.3-billion of dividends paid last past year. But, as in many areas of social transformation, the glass is still less than half-full," he noted. Meanwhile, he noted that while the South African economy continued to include more and more black people, there were many, who were mostly black, who were still marginalised and excluded. "And so, access to the political kingdom has enabled important changes in the country's political economy; but this has been inadequate. South Africa is capable of high rates of growth; but this depends on how the State guides economic activity; and how those who own capital respond to national imperatives," he said. Netshitenzhe also spoke of the emergence of the "black capitalist class" and cautioned that a small elite will disproportionately benefit from empowerment and said the challenges will be how to ensure that broader society is part of this. Furthermore, he warned that "that capitalist class formation is often an anarchic phenomenon" which could result in State capture. "We should, t...

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. National Treasury has allocated Infrastructure South Africa (ISA) a budget of R600-million over three years to "prepare projects", says ISA head Mameetse Masemola. Addressing a media conference at Sustainable Infrastructure Development Symposium South Africa (Sidssa) 2024, held in Cape Town this week, Masemola explained that there had been a "decimation of the skills" required for State projects to reach financial close, and ultimately, procurement and construction. However, ISA now had R200-million a year to help prepare projects that were deemed strategic, that had a potentially high gross domestic product impact, and that would contribute to South Africa's competitiveness. In the past four months the number of projects under preparation within ISA had reached 31. "These were historical projects that had failed to get funding from National Treasury in terms of Treasury's budget facility for infrastructure," said Masemola. "We are now preparing to package these projects." These projects included schools infrastructure programmes in the Northern Cape and the Eastern Cape, as well as four tertiary hospitals - two in Mpumalanga and two in the Free State. There also projects in South Africa's special economic zones. "Form ISA's side we are supporting these in terms of bulk infrastructure so that we can unlock investment in the top infrastructure," noted Masemola. ISA's main aim was to close the infrastructure investment gap. Masemola noted that there was a significant gap between the funding available through the fiscus and the number of projects that required investment. "R5.7-trillion is required to close the investment gap by 2050." She added that ISA was pivoting its pipeline to public-private partnerships (PPPs), as expressed by the Minister of Finance. The South African Infrastructure Fund (SAIF) was part of ISA. It was created to facilitate blended finance infrastructure projects. SAIF chief investment officer Mohale Rakgate noted at Sidssa 2024 that this fund had been working with project owners from various sectors of the economy to identify projects that lend themselves to blended finance. "In our context blended finance refers to projects that cannot become bankable without fiscal intervention - meaning the private sector will not be attracted to build and finance these projects. "Where we come in is to structure these projects so that we can mobilise funding from National Treasury, and, on the back of that funding, invite the private sector to participate. "To date we have mobilised R25-billion from Treasury. "With that we can now go out to market and mobilise R70-billion of investment to fund the projects we have. We are now ready to engage investors." Projects in an advanced stage of implementation included social housing projects in Newcastle and Midrand; bulk infrastructure supply for a 30 000-housing unit project in Johannesburg; water infrastructure projects in Limpopo and KwaZulu-Natal; and a project in partnership with the Department of Home Affairs to develop six ports of entry into South Africa to ensure efficiency in the movement of goods and people.

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. National Treasury has allocated Infrastructure South Africa (ISA) a budget of R600-million over three years to "prepare projects", says ISA head Mameetse Masemola. Addressing a media conference at Sustainable Infrastructure Development Symposium South Africa (Sidssa) 2024, held in Cape Town this week, Masemola explained that there had been a "decimation of the skills" required for State projects to reach financial close, and ultimately, procurement and construction. However, ISA now had R200-million a year to help prepare projects that were deemed strategic, that had a potentially high gross domestic product impact, and that would contribute to South Africa's competitiveness. In the past four months the number of projects under preparation within ISA had reached 31. "These were historical projects that had failed to get funding from National Treasury in terms of Treasury's budget facility for infrastructure," said Masemola. "We are now preparing to package these projects." These projects included schools infrastructure programmes in the Northern Cape and the Eastern Cape, as well as four tertiary hospitals - two in Mpumalanga and two in the Free State. There also projects in South Africa's special economic zones. "Form ISA's side we are supporting these in terms of bulk infrastructure so that we can unlock investment in the top infrastructure," noted Masemola. ISA's main aim was to close the infrastructure investment gap. Masemola noted that there was a significant gap between the funding available through the fiscus and the number of projects that required investment. "R5.7-trillion is required to close the investment gap by 2050." She added that ISA was pivoting its pipeline to public-private partnerships (PPPs), as expressed by the Minister of Finance. The South African Infrastructure Fund (SAIF) was part of ISA. It was created to facilitate blended finance infrastructure projects. SAIF chief investment officer Mohale Rakgate noted at Sidssa 2024 that this fund had been working with project owners from various sectors of the economy to identify projects that lend themselves to blended finance. "In our context blended finance refers to projects that cannot become bankable without fiscal intervention - meaning the private sector will not be attracted to build and finance these projects. "Where we come in is to structure these projects so that we can mobilise funding from National Treasury, and, on the back of that funding, invite the private sector to participate. "To date we have mobilised R25-billion from Treasury. "With that we can now go out to market and mobilise R70-billion of investment to fund the projects we have. We are now ready to engage investors." Projects in an advanced stage of implementation included social housing projects in Newcastle and Midrand; bulk infrastructure supply for a 30 000-housing unit project in Johannesburg; water infrastructure projects in Limpopo and KwaZulu-Natal; and a project in partnership with the Department of Home Affairs to develop six ports of entry into South Africa to ensure efficiency in the movement of goods and people.

Somali pirates target ship carrying coal from Maputo; Kenya relieved at not having to send police to Haiti; Britain offers failed asylum seekers R70 000 to go to Rwanda. Lester Kiewit gets all the details from Jean-Jacques Cornish. See omnystudio.com/listener for privacy information.

Good Morning Angles will assist the Blouberg Donkey Care Workers Initiative with a donation of R70,000 toward their spaza shop and invaluable work in the community.

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. South African imports of solar panels, lithium-ion batteries and inverters climbed to a record $3.8-billion last year, or about R70-billion, while imports of wind turbines began to recover following a two-year lull, analysis compiled by Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair shows. Imports in 2023 were double the $1.7-billion of 2022 and lifted the overall value of the three energy components imported over the ten years from 2014 to 2023 to above $10-billion. The analysis points to an extremely strong rise in solar-panel imports last year, which was also the country's worst-ever year for loadshedding. He describes panel imports of $947-million, or R17.5-billion, as "mind boggling", while noting that imports peaked in the second quarter at $450-million. Over the full year, about 5 GW worth of panels were imported, up from 1.3 GW in 2022. Montmasson-Clair, who is also facilitator of the South African Renewable Energy Masterplan (SAREM), a multistakeholder initiative aimed at stimulating industrialisation around South Africa's renewables and battery storage investments, believes South Africa should be considering its localisation options more seriously while recognising that some of the demand may have been stimulated by the National Treasury's tax incentive. He reports that SAREM is considering various localisation drivers that boil down to ensuring that public demand from the large-scale renewables procurement programme and the roll-out of solar at public facilities play an anchoring role by supporting localisation. "Any public support should come with a degree of localisation," he argues. For manufacturers to be competitive across markets, including the private market, Montmasson-Clair says various supply-side support measures will be required, including investment incentives and possibly even carefully calibrated tariffs on a limited set of products. There is also a need to sort out the broader ecosystem, particularly through skills development, improved testing and certification facilities and a mandatory quality standard to fight sub-standard imports. The value of lithium-ion battery imports, meanwhile, reached $1.75-billion last year, more than double the $730-million recorded in the prior year. "At an average of $139/kWh, that's about 12.5 GWh, or about 3.8 GW to 5.0 GW of capacity." As with solar, the demand was underpinned primarily by loadshedding, but it also coincided with a strong rise in the registration of distributed plants with the National Energy Regulator of South Africa. Montmasson-Clair says local manufacturing, based on imported cells, is booming and should be actively supported to grow domestic production and to phase out the import of battery packs. "Once the market has consolidated or stabilised, we will have a better idea whether cell manufacturing is viable for this market segment." Meanwhile, South Africa's wind industry started importing again in 2023, following two years of inactivity, with demand underpinned by projects procured under the much-delayed Risk Mitigation Independent Power Producer Procurement Programme, alongside wind farms being built on the back of corporate power purchase agreements. Wind turbines with a combined value of $200-million were imported, mostly in the fourth quarter of last year. Montmasson-Clair argues that industrial development in the wind sector requires constant demand, which has been absent even after the resumption of public procurement in 2020 and dampened further by the fact that none of the wind projects that bid for a 3 200 MW public-auction allocation progressed to preferred bidder status. This, after Eskom claimed that there was no remaining grid-connection capacity in the Eastern, Northern and Western Cape provinces, where the country's best wind resources are ...

This audio is brought to you by Endress and Hauser, a leading supplier of products, solutions and services for industrial process measurement and automation. South African imports of solar panels, lithium-ion batteries and inverters climbed to a record $3.8-billion last year, or about R70-billion, while imports of wind turbines began to recover following a two-year lull, analysis compiled by Trade & Industrial Policy Strategies senior economist Gaylor Montmasson-Clair shows. Imports in 2023 were double the $1.7-billion of 2022 and lifted the overall value of the three energy components imported over the ten years from 2014 to 2023 to above $10-billion. The analysis points to an extremely strong rise in solar-panel imports last year, which was also the country's worst-ever year for loadshedding. He describes panel imports of $947-million, or R17.5-billion, as "mind boggling", while noting that imports peaked in the second quarter at $450-million. Over the full year, about 5 GW worth of panels were imported, up from 1.3 GW in 2022. Montmasson-Clair, who is also facilitator of the South African Renewable Energy Masterplan (SAREM), a multistakeholder initiative aimed at stimulating industrialisation around South Africa's renewables and battery storage investments, believes South Africa should be considering its localisation options more seriously while recognising that some of the demand may have been stimulated by the National Treasury's tax incentive. He reports that SAREM is considering various localisation drivers that boil down to ensuring that public demand from the large-scale renewables procurement programme and the roll-out of solar at public facilities play an anchoring role by supporting localisation. "Any public support should come with a degree of localisation," he argues. For manufacturers to be competitive across markets, including the private market, Montmasson-Clair says various supply-side support measures will be required, including investment incentives and possibly even carefully calibrated tariffs on a limited set of products. There is also a need to sort out the broader ecosystem, particularly through skills development, improved testing and certification facilities and a mandatory quality standard to fight sub-standard imports. The value of lithium-ion battery imports, meanwhile, reached $1.75-billion last year, more than double the $730-million recorded in the prior year. "At an average of $139/kWh, that's about 12.5 GWh, or about 3.8 GW to 5.0 GW of capacity." As with solar, the demand was underpinned primarily by loadshedding, but it also coincided with a strong rise in the registration of distributed plants with the National Energy Regulator of South Africa. Montmasson-Clair says local manufacturing, based on imported cells, is booming and should be actively supported to grow domestic production and to phase out the import of battery packs. "Once the market has consolidated or stabilised, we will have a better idea whether cell manufacturing is viable for this market segment." Meanwhile, South Africa's wind industry started importing again in 2023, following two years of inactivity, with demand underpinned by projects procured under the much-delayed Risk Mitigation Independent Power Producer Procurement Programme, alongside wind farms being built on the back of corporate power purchase agreements. Wind turbines with a combined value of $200-million were imported, mostly in the fourth quarter of last year. Montmasson-Clair argues that industrial development in the wind sector requires constant demand, which has been absent even after the resumption of public procurement in 2020 and dampened further by the fact that none of the wind projects that bid for a 3 200 MW public-auction allocation progressed to preferred bidder status. This, after Eskom claimed that there was no remaining grid-connection capacity in the Eastern, Northern and Western Cape provinces, where the country's best wind resources are ...

The Willard Batteries Bursary Fund will assist Kayla with R70,000 towards her 2024 third-year studies at NWU. #GoodMorningAngels

After a devastating crash, that shook the Rustenburg community, left Kevin Jansen van Vuuren with severe injuries, Good Morning Angels assisted his family with R70,000 to help with his road to recovery.

Independent power producer (IPP) Red Rocket reports that it has signed up customers for 500 MW of the 2 000 MW of capacity it aims to deploy over the coming three years as part of an innovative scheme designed to provide multiple private offtakers with renewable electricity as from 2026. In recent weeks, the company has been running a national advertising campaign inviting potential customers to make contact regarding its intention to sell "affordable, renewable energy to businesses". Red Rocket says the 2 000 MW forms part of a broader hybrid portfolio comprising 2 800 MW of wind and 1 500 MW of solar photovoltaic that has been fully permitted and has received cost estimate letters for grid access from Eskom. The projects are not yet registered with the National Energy Regulator of South Africa, with such registration to be undertaken only once a critical mass of customers has been secured. The power purchase agreement contracts will vary based on the arrangements with the specific offtaker, with pricing determined by the length of the contract, wheeling costs and whether the contract is 'take or pay' or 'take and pay'. "The objective is to produce the first electricity at the end of 2026, with the full 2 000 MW operational by the end of 2027. "This is the first phase of the full development, consisting of over 4 000 MW," the company, which is headed by Matteo Brambilla, tells Engineering News. The first phase of the project will produce about 5 500 GWh of renewable electricity yearly. The investment value for the initial 2 000 MW is estimated at R70-billion, including self-build grid upgrades, and Red Rocket says it will be fully funded through a project finance scheme. The initiative is in response to regulatory changes that have made it possible to wheel renewable electricity through the grid and is also aligned with the virtual wheeling framework that is being developed by Eskom and which will be implemented at scale in 2024. The framework, which has been piloted by Eskom and Vodacom, incorporates the principle of revenue neutrality for Eskom and municipal distributors, which is seen as critical for unlocking virtual wheeling. However, Eskom has indicated that it intends excluding those municipalities whose accounts reflect long-standing arrear debt. "Virtual wheeling is an important component of these projects, as it enables these types of transactions to occur. "Traditional wheeling severely impacted the geographic areas to which we could deliver the electrons, as only a few municipalities have wheeling frameworks in place," Red Rocket says. Therefore, no additional regulatory changes are required before the scheme can be launched, as the lifting of the generation cap has enabled private-sector offtakers to transact directly with IPPs. "The solution that Red Rocket is proposing is viable under the current electricity regulations and legislation." However, Red Rocket says a simplification of the wheeling/trading framework could accelerate its roll-out.

Independent power producer (IPP) Red Rocket reports that it has signed up customers for 500 MW of the 2 000 MW of capacity it aims to deploy over the coming three years as part of an innovative scheme designed to provide multiple private offtakers with renewable electricity as from 2026. In recent weeks, the company has been running a national advertising campaign inviting potential customers to make contact regarding its intention to sell "affordable, renewable energy to businesses". Red Rocket says the 2 000 MW forms part of a broader hybrid portfolio comprising 2 800 MW of wind and 1 500 MW of solar photovoltaic that has been fully permitted and has received cost estimate letters for grid access from Eskom. The projects are not yet registered with the National Energy Regulator of South Africa, with such registration to be undertaken only once a critical mass of customers has been secured. The power purchase agreement contracts will vary based on the arrangements with the specific offtaker, with pricing determined by the length of the contract, wheeling costs and whether the contract is 'take or pay' or 'take and pay'. "The objective is to produce the first electricity at the end of 2026, with the full 2 000 MW operational by the end of 2027. "This is the first phase of the full development, consisting of over 4 000 MW," the company, which is headed by Matteo Brambilla, tells Engineering News. The first phase of the project will produce about 5 500 GWh of renewable electricity yearly. The investment value for the initial 2 000 MW is estimated at R70-billion, including self-build grid upgrades, and Red Rocket says it will be fully funded through a project finance scheme. The initiative is in response to regulatory changes that have made it possible to wheel renewable electricity through the grid and is also aligned with the virtual wheeling framework that is being developed by Eskom and which will be implemented at scale in 2024. The framework, which has been piloted by Eskom and Vodacom, incorporates the principle of revenue neutrality for Eskom and municipal distributors, which is seen as critical for unlocking virtual wheeling. However, Eskom has indicated that it intends excluding those municipalities whose accounts reflect long-standing arrear debt. "Virtual wheeling is an important component of these projects, as it enables these types of transactions to occur. "Traditional wheeling severely impacted the geographic areas to which we could deliver the electrons, as only a few municipalities have wheeling frameworks in place," Red Rocket says. Therefore, no additional regulatory changes are required before the scheme can be launched, as the lifting of the generation cap has enabled private-sector offtakers to transact directly with IPPs. "The solution that Red Rocket is proposing is viable under the current electricity regulations and legislation." However, Red Rocket says a simplification of the wheeling/trading framework could accelerate its roll-out.

This audio is brought to you by Wearcheck, your condition monitoring specialist. Northern Cape mining company Copper 360, which listed on the Alternative Exchange of the Johannesburg Stock Exchange this year, took yet another leap forward on Wednesday with the announcement that it had acquired a brand new production-doubling copper processing plant next to its own central processing facility, which is about to be commissioned. "The acquisition of Nama Copper as a paradigm shifter," was Copper 360 CEO Jan Nelson's comment to Mining Weekly on a Zoom interview. (Also watch attached Creamer Media video.) This is because Copper 360, which is focused on the processing of historical mined copper rock dumps, through a procedure of environmental clean-up, and the mining of surface and shallow copper resources, gets a brand new processing plant right next door its own plant. Located adjacent to Copper 360's operations in Nababeep, Nama Copper has historically processed copper slag through a sulphide flotation plant that is almost an exact replica of the modular flotation plant that Copper 360 is currently constructing. "By buying an operating plant, there are no longer construction and commissioning issues. The plant's already there, it runs, it immediately adds to the revenue, and it will ensure that we can pay our shareholders a bigger dividend," said Nelson. The plant being acquired has a capacity to treat 20 000 t of copper sulphide ore a month at recoveries of between 88% to 92%. While it has been treating slag, it can treat sulphide concentrate. "It's got a brand new mill. We know the plant quite well and its virtually the same as the one we're building. The thing that stands out is that we get a plant that is ready to produce from tomorrow," Nelson enthused. In having the capacity to double production, it is poised to double revenue as well. "The revenue we were planning to make in 2026 financial year, we're now going to make next year because of this plant," Nelson added. The revenue of R2.2-billion planned for financial year 2026 will now be able to be delivered in financial year 2025. Nama Copper's slag operations have become uneconomical and it has not been able to replace the slag with economically viable sulphide ore resources. Coming with the deal is a large land area, as well as almost 22-million tons of tailings with a copper content of between 0.3% and 0.6% copper. Copper 360 and Mazule Resources, the shareholder of Nama Copper, have entered into an agreement to acquire all the shares and claims in Nama Copper for of R200-million. An impressive part of the transaction is that Copper 360 has signed an offtake agreement with an associate company of the seller, which is an offtaker of copper. "We've signed an offtake agreement with them on very favourable economic terms," Nelson disclosed. The offtake will be from the plant being acquired. In addition, Copper 360 is also getting the benefit of a R50-million working capital facility. Mining Weekly: How do you intend to fund this acquisition? Nelson: We're finalising two major debt agreements that we'll guide the market on in due course. There won't be any dilution to shareholders in terms of funding this acquisition. It will be debt. We have no debt on the balance sheet and we're just finalising those agreements as we speak. They will provide the necessary capital to fund this acquisition. But what shareholders must also remember is that when the two plants are in full operational mode in February, the company will be generating between R70-million and R90-million of revenue a month, so there's also significant cash flow that will come to the party, but the debt arrangements we put in place will ensure we can fund this. Why do you see the acquisition of Nama Copper as a paradigm shifter for Copper 360? The reason we see it as a paradigm shifter is because the Nama Copper property is contiguous and adjacent to our central processing facility at Nababeep. With this acquisi...

ActionSA has filed a motion of no confidence proposing to remove City of Johannesburg Mayor, Kabelo Gwamanda. The party says Gwamanda cannot be allowed to continue governing a city with an R70 billion budget because of the fraud allegations he faces. Allegations against Gwamanda, surfaced in which his entity allegedly scammed innocent residents into investing in a funeral-investment scheme. His educational qualifications have also come under scrutiny. For more on this, Elvis Presslin spoke to ActionSA's City of Johannesburg Caucus Spokesperson, Sthembelo Majola

Breakfast with Martin Bester has a brand new Secret Sound and this time we're giving away R70,000.

Breakfast with Martin Bester has a brand new Secret Sound and this time we're giving away R70,000.

Breakfast with Martin Bester has a brand new Secret Sound and this time we're giving away R70,000.

Breakfast with Martin Bester has a brand new Secret Sound and this time we're giving away R70,000.

Breakfast with Martin Bester has a brand new Secret Sound and this time we're giving away R70,000.

Breakfast with Martin Bester has a brand new Secret Sound and this time we're giving away R70,000.

Multinational engineering firm ASEA Brown Boveri (ABB) has agreed to pay over R2.5-billion in punitive reparations to South Africa for "serious crimes" committed at Eskom during the State Capture-era. The National Prosecuting Authority (NPA) said in a statement on Tuesday that its Investigating Directorate finalised a settlement agreement with ABB. "This settlement represents a bold and innovative step towards accountability and justice for alleged offenders, particularly in the form of restitution for the serious crimes committed at Eskom during the state capture period," the NPA said. ABB's payment must be made into SA's Criminal Asset Recovery Account, within 60 days of 1 December. The amount will "be used as restitution for victims, and to assist in building South Africa's capacity and resources in its ongoing fight against serious corruption." The R2.5-billion is over and above the R1.6-billion that ABB previously paid to Eskom in 2020. Arrests ABB was awarded a R2-billion contract in 2015 to install control and instrumentation (C&I) systems at the troubled Kusile power station. The station has suffered time delays, cost overruns running into the billions and design defects, and problems at the station have regularly contributed to load-shedding. In October, the faulty installation of an exhaust vent resulted in ash particles building up inside a massive duct over nearly five years, which caused the collapse of a section of the pipe at Kusile. The Kusile deal resulted in ABB paying Impulse International R549-million in 2016 and 2017 - when former acting Eskom CEO Matshela Koko's stepdaughter, Koketso Aren (neé Choma), was a shareholder of Impulse. Koko, his wife, Mosima, and his stepdaughters, Koketso and Thato Choma, Thabo Mokwena, a former employee of the State Security Agency, Eskom's former project manager for Kusile, Frans Sithole, lawyer and alleged Koko fixer, Johannes Coetzee, and Koko associate Watson Seswai were arrested in late October and appeared in the Middelburg Regional Court on charges of fraud, corruption, and money laundering. They were all granted bail, ranging from R70 000 to R300 000, and will appear in court again on 23 March. Former ABB employees, and German citizens, Markus Bruegmann and Sunil Vip - also part of the accused in the case - were not in court. In July two former ABB employees and their wives - Muhammed and Raeesa Mooidheen and Vernon and Aradhna Pillay were arrested in connection with alleged kickbacks in exchange for inflated contracts that were awarded to Impulse. Both couples appeared in different courts and were granted bail. Cooperation In September ABB said it put aside $325-million (R6-billion) as a provision to cover costs related to corruption probes at Kusile power station. It said at the time it was cooperating fully with the authorities and "hopes to reach a final settlement with them in the near term". The NPA said on Thursday that ABB had "acknowledged liability and taken responsibility for the alleged criminal conduct of its employees involving contracts with Eskom". "As a result, ABB has been forthcoming in cooperating with law enforcement agencies conducting the investigations into such alleged conduct." The NPA said it also assisted in securing evidence and key witnesses as part of its ongoing investigation. "This settlement agreement was negotiated with partner countries, including the USA, Switzerland, Italy, and Germany. South Africa is getting the bulk of the settlement amount due to the nature of the crimes and the negative impact on South Africa and its people," the NPA said. It however pointed out the settlement did not indemnify any ABB staff, directors and contractors. "The NPA will continue to pursue these criminal prosecutions, with the support of ABB who has committed to ongoing collaboration to ensure accountability for the crimes allegedly committed by its employees."

Eskom is requesting the National Energy Regulator of South Africa (Nersa) to approve diesel costs of R16.9-billion for its upcoming financial year in line with a material upward revision in the assumed load factor of its diesel-fuelled open cycle gas turbines (OCGTs) from 5% to 12%. The increase is designed to accommodate a steep reduction in the expected energy availability factor (EAF) from the State-owned utility's coal-dominant fleet, which has been reduced to 59%. In Eskom's original fifth multiyear price determination (MYPD5) application, submitted in June last year, the assumed EAF was 72%, which was lowered to 62% in January during Nersa's adjudication of Eskom's 2023 tariff request. The regulator is currently hosting public hearings into Eskom's application for a 32% tariff hike for the 2024 financial year, followed by a 9.74% increase for 2025. Nersa granted the utility a 9.6% increase in January for the 2023 financial year, which began on April 1, against an Eskom request for a 20.5% hike. The diesel costs in the application before Nersa represent a significant increase on the R5-billion outlined in January. CFO Calib Cassim told Nersa on Monday that the change was premised on a 60% increase in the volumes of diesel that Eskom was now expecting to consume next year, together with a 40% increase in the price of the fuel, which had risen sharply following Russia's invasion of Ukraine. During the first six months of the current financial year, Eskom has spent more than R7.7-billion on diesel as it resorted to using its OCGT plants intensively to avoid or limit load-shedding. Rotational power cuts have been implemented for more than 100 days so far in 2022 to close gaps left by the poorly performing coal fleet and the prolonged unavailability of Koeberg Unit 2, which has tripped again following a recent extended maintenance. Eskom has a R500-million diesel budget remaining, but has already indicated that it expects to spend a similar amount on diesel during the second half of the financial year to the end of March as it has year-to-date. Overall, Eskom is seeking R101-billion for primary energy next year to cover expected coal costs of R69-billion (slightly down on the R70-billion outlined in January), diesel cost of R16.9-billion, and start-up fuel oil costs of R6.8-billion (more than double the R3.1-billion assumed in January). Nersa regulatory member Muzi Mkhize questioned Cassim on why consumers should be expected to pay for the additional diesel costs when such costs would not have been incurred had Eskom sustained an EAF of 72%. In response, Cassim argued that resorting to the OCGT plants as a “last resort” was prudent to reduce the cost to the economy of power interruptions. Eskom's application also outlines a large increase in the depreciation allowance, which accounts for 10.67% of the 32% being sought. The utility argues that the depreciation adjustment arises from an “incorrect” regulatory asset base (RAB) valuation by Nersa in a 2021 tariff decision, whereby the regulator reduced Eskom's RAB from over R1.2-trillion to about R550-billion. Eskom subsequently took the RAB aspect of the decision on legal review and a ruling could be made prior to the next Nersa tariff determination. In total, Eskom is requesting allowable revenue of R351-billion, which includes R15-billion arising from a settlement reached after the Supreme Court of Appeal ordered that the remaining portion of a R69-billion government equity injection, which was found to have been deducted incorrectly from Eskom's MYPD4 revenue, be recouped. It also includes an amount of R1.7-billion arising from a R3.4-billion Regulatory Clearing Account amount awarded to Eskom, which had not yet been liquidated. The Eskom request is facing strong opposition from business and civil society groups, with the Organisation Undoing Tax Abuse (Outa) calling on Nersa during the first day of hearings to limit any increase to the consumer price index. “If the economy...

Eskom is requesting the National Energy Regulator of South Africa (Nersa) to approve diesel costs of R16.9-billion for its upcoming financial year in line with a material upward revision in the assumed load factor of its diesel-fuelled open cycle gas turbines (OCGTs) from 5% to 12%. The increase is designed to accommodate a steep reduction in the expected energy availability factor (EAF) from the State-owned utility's coal-dominant fleet, which has been reduced to 59%. In Eskom's original fifth multiyear price determination (MYPD5) application, submitted in June last year, the assumed EAF was 72%, which was lowered to 62% in January during Nersa's adjudication of Eskom's 2023 tariff request. The regulator is currently hosting public hearings into Eskom's application for a 32% tariff hike for the 2024 financial year, followed by a 9.74% increase for 2025. Nersa granted the utility a 9.6% increase in January for the 2023 financial year, which began on April 1, against an Eskom request for a 20.5% hike. The diesel costs in the application before Nersa represent a significant increase on the R5-billion outlined in January. CFO Calib Cassim told Nersa on Monday that the change was premised on a 60% increase in the volumes of diesel that Eskom was now expecting to consume next year, together with a 40% increase in the price of the fuel, which had risen sharply following Russia's invasion of Ukraine. During the first six months of the current financial year, Eskom has spent more than R7.7-billion on diesel as it resorted to using its OCGT plants intensively to avoid or limit load-shedding. Rotational power cuts have been implemented for more than 100 days so far in 2022 to close gaps left by the poorly performing coal fleet and the prolonged unavailability of Koeberg Unit 2, which has tripped again following a recent extended maintenance. Eskom has a R500-million diesel budget remaining, but has already indicated that it expects to spend a similar amount on diesel during the second half of the financial year to the end of March as it has year-to-date. Overall, Eskom is seeking R101-billion for primary energy next year to cover expected coal costs of R69-billion (slightly down on the R70-billion outlined in January), diesel cost of R16.9-billion, and start-up fuel oil costs of R6.8-billion (more than double the R3.1-billion assumed in January). Nersa regulatory member Muzi Mkhize questioned Cassim on why consumers should be expected to pay for the additional diesel costs when such costs would not have been incurred had Eskom sustained an EAF of 72%. In response, Cassim argued that resorting to the OCGT plants as a “last resort” was prudent to reduce the cost to the economy of power interruptions. Eskom's application also outlines a large increase in the depreciation allowance, which accounts for 10.67% of the 32% being sought. The utility argues that the depreciation adjustment arises from an “incorrect” regulatory asset base (RAB) valuation by Nersa in a 2021 tariff decision, whereby the regulator reduced Eskom's RAB from over R1.2-trillion to about R550-billion. Eskom subsequently took the RAB aspect of the decision on legal review and a ruling could be made prior to the next Nersa tariff determination. In total, Eskom is requesting allowable revenue of R351-billion, which includes R15-billion arising from a settlement reached after the Supreme Court of Appeal ordered that the remaining portion of a R69-billion government equity injection, which was found to have been deducted incorrectly from Eskom's MYPD4 revenue, be recouped. It also includes an amount of R1.7-billion arising from a R3.4-billion Regulatory Clearing Account amount awarded to Eskom, which had not yet been liquidated. The Eskom request is facing strong opposition from business and civil society groups, with the Organisation Undoing Tax Abuse (Outa) calling on Nersa during the first day of hearings to limit any increase to the consumer price index. “If the economy...

Casey Grey is a custom home builder based out of Ottawa, ON. He specializes in creating energy efficient homes. He's also a husband and father. On this episode, we discuss:   The benefits of using solar panels  Energy efficient heating - air source heat pump systems R70 insulation and a technical breakdown High performance homes, Net zero homes and passive homes   You can reach out to Casey by visiting www.theconsciousbuilder.com Download a free report: “Why you shouldn't buy investment properties in Oakville, Burlington and other cities in the GTA” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram

Kumba Iron Ore's major share of lump and iron (Fe) content ore positions the Johannesburg Stock Exchange-listed mining and marketing company well at a time when steelmaking companies are taking strong steps to decarbonise. At the same time, steel demand expected to increase in the global shift towards renewable energy. Steel intensity in renewable power infrastructure is 10 to 30 times more than the steel intensity of fossil-based power infrastructure and steel is vital for the energy transition. “The buildings we live and work in, the infrastructure and even the vehicles all of us used to get here this morning are all manufactured from steel, said Kumba Iron Ore CEO Mpumi Zikalala noted on Tuesday, when the company reported an impressive 98% return on capital employed in the six months to June 30 and declared an interim cash dividend of R9.2-billion. The average realised free-on-board export price of Kumba's quality iron-ore in the half year was $136/wmt, 15% up on the global benchmark price. “Steel is not only central to how we live today, but it is also pivotal for the future. It is a critical ingredient and enabler for the energy transition across all renewable power infrastructure and electric vehicles, and we also know that the steel market is embracing the need for decarbonisation,” said Zikalala during the presentation of results covered by Mining Weekly. To decarbonise the steelmaking process, steel mills are investing more in direct reduction iron (DRI), which is produced from the direct reduction of iron-ore into iron by a reducing gas, with green hydrogen the gas needed to fulfil the DRI process in the most environmentally protective manner. “There is a healthy pipeline of DRI projects coming on line in the next 30 years and the share of DRI in global steel production is expected to almost triple to 26% by 2050. This will drive demand for high-quality ore as it offers higher productivity and has lower energy requirements. “In fact, for every 1% increase in Fe, one will see a decrease of in carbon emissions. Kumba is well positioned as a leading provider of high-quality, high-lump iron-ore. Our Fe quality, in lump to fines ratio, remains high relative to our peers but more importantly, Kumba continues to focus on premium products,” Zikalala said. To augment its quality position, Kumba is scheduled to commission a R3.6-billion ultra-high dense media separation (UHDMS) project in the second half of 2023. The UHDMS processes waste into premium product. “The UHDMS will approximately double the volume of premium lump and further improve the quality of our product portfolio,” said Zikalala. Kumba CFO Bothwell Mazarura told the first-half financial results presentation covered by Mining Weekly that since 2018, Kumba's attributable free cash flow has totalled R85-billion, which includes the R9.4-billion of free cash flow generated in the six months to June 30. For the period, Kumba will be paying an interim cash dividend of R28.70 a share, which represents a payout ratio of 80% of headline earnings and a dividend yield of 6% on the period and the share price. “In the past four years, we've paid over R70-billion in base dividends and R16.6-billion in top-up dividends. Despite the cyclical nature of our business, the operational and macro challenges and market volatility over the past few years, we've provided consistent returns to our shareholders. “During the same four years, we've returned just over 100% of free cash flow and on average more than 90% of headline earnings to our shareholders. This underscores the financial and operational resilience of our business. We remain committed to maintaining a balance between investing to sustain and grow our business, while returning excess cash to shareholders,” said Mazarura. INCREASING EVIDENCE OF GLOBAL WARMING Turning to Kumba's environmental performance, Zikalala highlighted that the company had not suffered any major level 3 to level 5 environmental incidents for seven-p...

Nonprofit organisation the Motsepe Foundation has launched two large-scale agricultural and farming projects involving rural and traditional communities in Limpopo and Mpumalanga, in partnership with agriculture industry association Agri SA and established commercial farmers and agribusinesses. Owing to legal and tax requirements and because of the commercial nature of the two projects, the Motsepe Foundation has facilitated about R70-million in funding for the projects through a company established by the Motsepe family called the Motsepe Company. “It is imperative that traditional communities, poor rural and urban communities, black farmers and other historically disadvantaged communities participate in and benefit from the agricultural and farming industry in South Africa. We have a lot of urgent work and measures to implement to make this happen,” Motsepe Foundation founder Dr Patrice Motsepe said at the launch in Sandton on June 15. He said it was important that commercial banks and other financing institutions stepped in to provide commercial loans to these traditional and historically disadvantaged communities and farmers. “The banks have a duty to provide funding that makes commercial sense. However, because some of the farming and agricultural ventures are classified as high risk, the interest rates are very, very high. It makes it very difficult to back the loans and also to retain some of the profits,” Motsepe said. MPUMALANGA The agricultural project in Mpumlanaga involves the Hhoyi Traditional Authority, led by Inkhosi Sandile Ngomane, the Siboshwa Traditional Authority led by Inkhosi Nicholas Ngomane and the Matsamo Traditional Authority led by Inkhosi Mduduzi Shongwe. The project involves three sugarcane joint ventures covering 10 456 ha, which were established for the benefit of the Hhoyi, Siboshwa and Matsamo traditional communities. The project is being carried out in partnership with consumer foods producer RCL Foods. RCL Foods and the Motsepe Company are each providing soft loans of R36-million at 3% interest. RCL has a long history with this project and the communities. In addition to its shareholder loans, RCL has taken over high-cost loans from commercial banks and the Land Bank. About 200 permanent and 1 000 seasonal jobs are being saved as a result of the funding provided by the Motsepe Company and RCL. The soft loans by the Motsepe Company and RCL will rescue a land reform project that was funded by the South African government and handed over to the Hhoyi, Siboshwa and Matsamo traditional communities. This land reform project failed, however, because the traditional communities did not have the capital, financial and technical resources, nor the requisite skills and expertise for the sustainability and long-term success of the project. LIMPOPO The agricultural project in Limpopo is a citrus farming project – the Majeje project – which is being established for the benefit of the Majeje traditional community led by Hosi Ntsanwisi. The project is being carried out in partnership with fruit producer Komati Fruit Group and financial institution Absa. The Mostepe Company will be providing a R30-million long-term soft loan to help fund the project, which will see citrus fruits planted on 457 ha of irrigated land. The expectation is that the project will create about 50 new permanent jobs and 300 seasonal jobs. The Majeje citrus project will use community land adjacent to the existing successful Komati citrus farms. The land is underdeveloped because of the lack of capital, financial and technical resources and the appropriate skills and expertise. The R30-million long-term soft loan that is being provided by the Motsepe Company has facilitated the unlocking of about R90-million of funding to the Majeje citrus project from Absa. Motsepe said the establishment of mutually beneficial partnerships between traditional and other historically disadvantaged communities, black farmers and established farmers woul...

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

Thea Schroder is ‘n enkelmamma en het die rol as weduwee in 2009 begin speel nadat haar man aan kanker oorlede is. Haar dogter, Demi, was drie-jaar oud. Haar grootste uitdaging tans is finansieel, met die dat sy van twee na een inkomste per maand moet oorleef. Buiten die groot hartseer waarmee sy en haar dogter gekonfronteer is, het Demi op die ouderdom van 10 ‘n blaasprobleem ontwikkel. Haar blaas lek heeltyd, en die diagnose word ‘n "overactive bladder" genoem. Dit gebeur wanneer die senuwee van die blaas beheer het op die saamtrek-reaksie nie. Demi moes elke dag, 24 uur, 7dae week 'n “pantyliner” gedra het. As sy te lank gewag het om die “pantyliner” te verander , soos as sy in die skool is, het die urine haar gebrand. Thea en Demi het ‘n uroloog gaan sien en medikasie probeer. Nadat dit nie suksesvol was nie, is die opsie van ‘n operasie aan hulle voorglê. Die operasie behels ‘n 2-fase-proses om ‘n pasaangeër in te plant om die sametrekking van die senuwee basies oor te neem. Fase-1 is gedoen in Januarie vanjaar, en Fase-2 in Februarie. Dit was ‘n sukses. Demi se blaas lek glad nie meer nie, en kan sy vir die eerste keer in ses jaar ‘n normale lewe lei. Die groot bekommernis nou, is dat Thea se mediese fonds nie die tweede fase van die operasie dek nie. Die totale koste van die pasaangeër beloop R70 000. Thea en Demi het toe ‘n markdag gehou, looitjies verkoop van ‘n geborgde skaap, en artikels in die plaaslike koerant geplaas met hul pleidooi. Familie en vriende het skenkings gemaak, en Demi het van haar kunswerke verkoop om hierdie bedrag in te samel. Met laasgenoemde, kon hulle sowat R38 000 insamel.

Thea Schroder is ‘n enkelmamma en het die rol as weduwee in 2009 begin speel nadat haar man aan kanker oorlede is. Haar dogter, Demi, was drie-jaar oud. Haar grootste uitdaging tans is finansieel, met die dat sy van twee na een inkomste per maand moet oorleef. Buiten die groot hartseer waarmee sy en haar dogter gekonfronteer is, het Demi op die ouderdom van 10 ‘n blaasprobleem ontwikkel. Haar blaas lek heeltyd, en die diagnose word ‘n "overactive bladder" genoem. Dit gebeur wanneer die senuwee van die blaas beheer het op die saamtrek-reaksie nie. Demi moes elke dag, 24 uur, 7dae week 'n “pantyliner” gedra het. As sy te lank gewag het om die “pantyliner” te verander , soos as sy in die skool is, het die urine haar gebrand. Thea en Demi het ‘n uroloog gaan sien en medikasie probeer. Nadat dit nie suksesvol was nie, is die opsie van ‘n operasie aan hulle voorglê. Die operasie behels ‘n 2-fase-proses om ‘n pasaangeër in te plant om die sametrekking van die senuwee basies oor te neem. Fase-1 is gedoen in Januarie vanjaar, en Fase-2 in Februarie. Dit was ‘n sukses. Demi se blaas lek glad nie meer nie, en kan sy vir die eerste keer in ses jaar ‘n normale lewe lei. Die groot bekommernis nou, is dat Thea se mediese fonds nie die tweede fase van die operasie dek nie. Die totale koste van die pasaangeër beloop R70 000. Thea en Demi het toe ‘n markdag gehou, looitjies verkoop van ‘n geborgde skaap, en artikels in die plaaslike koerant geplaas met hul pleidooi. Familie en vriende het skenkings gemaak, en Demi het van haar kunswerke verkoop om hierdie bedrag in te samel. Met laasgenoemde, kon hulle sowat R38 000 insamel.

The Roy McAlpine Charitable Foundation awarded the Chris Hani Baragwanath Academic Hospital a much-needed boost with a R70 million donation. In collaboration with WITS University, a new wing will be added to the Bara Burns Unit as part of this massive monetary influx. Professor Martin Smith, Academic Head of the Department of Surgery, Wits University spoke to Radio Islam International; he says “unfortunately, burns are a prevalent complication of our trauma scourge. The Burns Unit is a one-of-a-kind institution that treats badly burned patients as a referral centre”.

This is the story of eleven murders and six accused murderers. There are multiple methods of killing, multiple disposal MOs, a period of almost a decade from the first slayings to the sentencing, and many locations. You will meet some of the strangest characters, and hear bizarre, meandering stories of events and reasoning built on a flimsy pretext of belief, but this is also the story of a small group of friends, in a small town, a teacher, a school girl, her brother. On paper, at least at a surface level, they sound like no one you've ever encountered before and like 500 people I knew growing up– the extraordinary in the mundane. When this group and their crimes were finally exposed, the whole town of Krugersdorp was left grappling with a new and uncomfortable insight into itself. This is episode 8 - Devil in the ‘dorp: The Krugersdorp cult killers SOURCES:·       'My mother put the hammer down and started stabbing her': chilling evidence in Krugersdorp murder trial·       'Over-protected' Zak Valentine earned R70,000 a month when he began killing·       'Pray, I am going to kill you now,' Krugersdorp murderer tells victim·       'Remember I love you' - murdered Krugersdorp victim's last words to fiancée·       ‘Ria Grunewald is dead. I lost everything': Witness in Krugersdorp killings case tells how her life fell apart·       #KrugersdorpMurders — State says Cecilia was the 'CEO' of this murderous 'company' | Krugersdorp News·       #KrugersdorpMurders — The State's keywitness tells her story | Krugersdorp News·       Devilsdorp - Showmax·       Flats to Rent in Krugersdorp Central - 28 Apartments | RentUncle·       Inside the mind of a teen drawn into the Krugersdorp killing spree·       Key witness in Krugersdorp murder trial tells court of Wimpy werewolves | The Citizen·       Krugersdorp killers strangled most victims to death·       Krugersdorp Killers trial: Everything that's happened so far | You·       Krugersdorp Killers: Marcel Steyn has the mindset of a 10-year-old - defence | News24·       Krugersdorp killers: Psychologist believes Marcel Steyn can be rehabilitated | All4Women·       Krugersdorp killings: 'Witches will kill you,' Marcel Steyn's mom tells her in prison - report | News24·       Krugersdorp murders: 'I was sure they would kill me if I didn't take part'·       Life in jail for friends and neighbours guilty of Krugersdorp killing 'tsunami'·       SAPS says “Signs of Satanic activity includes interest in computer” – South African Pagan Rights Alliance·       The Krugersdorp killings explained: Who was murdered, how, and why | News24·      Why Ria Grunewald COULD NOT Escape Earlier – Candice Rijavec Get bonus content on Patreon See acast.com/privacy for privacy and opt-out information.

Drikus Combrinck from Capicraft chose Farmland Partner Pref Shares as his stock pick of the day and Nesan Nair from Sasfin Securities chose Anglo American. Combrinck said: "We've positioned ourselves in some floating rate corporate jets in the us, so when rates do go up you get more yield. The fixed yields are absolutely too low and one that we've picked up is called Farmland Partners. It's the preference share and farmland partners is yielding about 6% percent at the moment." Nair said: "I'm going to be a little bit more conventional and a little bit more traditional. I agree with the view on the Anglo-American play and I think Anglo American with that R200 dividend from Amplats and now you're R70 dividend from Kumba, Anglo American is going to be sitting with tons and tons of cash, not quite sure how they are going to deploy it but right now I think Anglo American is looking very cheap at current spot metal prices." ​

Is South Africa is in the midst of a ginger shortage, prices for the popular root have certainly more than doubled. Before covid-19, it was retailing at around R70 per kilogram, now it is around R400. AgriManzi farmer, Stefan Veldsman talks about what affect this surge in demand has had on its growers. See omnystudio.com/listener for privacy information.

Public Enterprises Minister Pravin Gordhan said on Friday that a “second round” of work is being initiated in an effort to find a solution to Eskom’s unsustainable debt burden in line with the recent social compact between government, community, labour and business to “mobilise funding to address Eskom’s financial crisis in a sustainable manner”. Speaking virtually during the release of Eskom’s delayed financial results for the year to March 31, 2020, he said the “first round” had already taken place early in 2020, and ahead of the onset of the Covid-19 pandemic, during which various options had been examined. “A second round of initiatives, arising from the ‘Eskom Compact’, will be initiated in the course of the next week and once we have greater certainty about the direction in which those processes will go we will inform the financial community and other stakeholders,” Gordhan said, referring to the compact agreed at the National Economic Development and Labour Council (Nedlac) in September. At the end of the 2020 financial year, the State-owned utility’s debt stood at R484-billion, up from R440-billion in 2019, but had moderated slightly since to around R460-billion. Eskom has indicated on several occasions that a sustainable debt level would be R200-billion and has acknowledged that its going-concern status is being maintained only by injections and allocations made by government. In 2020, the government injection stood at R49-billion, with allocations of R56-billion and R33-billion having already been announced for 2021 and 2022. The utility’s inability to generate sufficient cash to cover even the interest on its debt was the main reason for it reporting a net loss of R20.5-billion in 2020, having reported a loss of R20.9-billion in 2019. Eskom reported earnings before interest, taxes, depreciation and amortisation of R37-billion and an operating profit of R9-billion on the back of higher tariffs, with sales falling during the period, owing to load-shedding and weak demand. Net financing costs wiped out that profit, however, rising to R31.3-billion, from R27.7-billion, while its loss on embedded derivatives rose to R4.5-billion from R3.4-billion. CFO Calib Cassim said borrowings would rise again in the current financial year in order to replace debt that would mature during the period. Eskom faced debt-servicing costs of R96-billion during 2021, which would reduce to R70-billion in the 2022 financial year and plateau to an average yearly rate of R60-billion from 2023 to 2025. “Eskom needs to repay about R2-billion every week,” Cassim said, adding that, without government support, it would be facing a major debt-servicing gap. In 2020, that gap stood at R29-billion and was closed as a result of the R49-billion injection provided by government. Debt repayments had surged to become Eskom’s second-largest cost item, after primary energy, and were now also dwarfing capital expenditure, which had fallen from a peak of R56-billion in 2017 to R23-billion in 2020. Cassim described the resolution of the debt issue as a “priority for us during this financial year of 2021”, adding that the other priorities were to continue to pursue costs savings, as well as a tariff that reflected “our prudent and efficient costs”. Eskom CEO Andre de Ruyter expressed “excitement” about the ‘Eskom Compact’ agreed at Nedlac and said he was “eagerly anticipating the further development and implementation of this potential structural solution [to Eskom’s debt]”. He remained convinced, too, that green financing could play a role in the resolution of the debt crisis, indicating that there could be as much as R200-billion available and that Eskom would seek to access what it could within the constraints imposed by the fact that it would continue to operate coal plants for several decades into the future. De Ruyter was also at pains to insist that Eskom was not aiming to restructure its debt, acknowledging that the ter...

An analysis of public infrastructure delivery in South Africa, prepared for consideration by the National Planning Commission (NPC), identifies the quality of procurement and client-delivery management as the main differentiators between those projects that have succeeded in recent years and those that have failed. Prepared by engineers Dr Ron Watermeyer and Dr Sean Phillips the analysis shows that, when a public-sector client adopts a strategic, rather than an administrative, stance to the design, procurement and implementation of infrastructure projects, value for money is typically secured. By contrast, when no distinction is made between the procurement of infrastructure and the acquisition of general goods and services and when that procurement is led by finance departments rather than at an enterprise level, led by the CEO, projects tend to run over budget and behind schedule. In their paper, the authors juxtapose several megaprojects, such as Eskom’s Medupi and Kusile, which have fallen short of original cost and schedule estimates, against two project-delivery success stories: the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and Strategic Integrated Project 14 (SIP 14), which involved the building of two new universities. Under the REIPPPP, government’s Independent Power Producer (IPP) Office oversaw the procurement, through seven bidding rounds, of 6 422 MW of renewables capacity, built by 112 IPPs at a cost of R209.7-billion. Under SIP 14, the Department of Higher Education and Training employed the University of the Witwatersrand as its implementation agent for the construction of new campuses in Nelspruit, Mpumalanga and Kimberley, in the Norther Cape. Facilities for the first intake of students were delivered within 28 months of a political decision being taken in 2011. The costs deviation was also modest, despite the project proceeding before many of the contracts had been priced. Phillips and Watermeyer tell Engineering News that, in the case of the REIPPPP, the quality of the procurement process run by the IPP Office resulted in the development of trust in the procurement process by developers and financiers. This, in turn, contributed to a marked reduction in the cost of renewable energy through successive bid rounds. Key strengths of the new universities project, meanwhile, arose from client governance and organisational ownership practices, which provided effective direction and oversight of the organisation’s infrastructure delivery programme. In both instances, there was also CEO-level client leadership, which helped ensure that a strategic and tactical approach was adopted throughout. “Value for money is realised when the value proposition that was set for the project at the time that a decision was taken to invest in a project is as far as possible realised,” the authors explain. For those megaprojects that ran well over budget and behind schedule the gap between what was intended and what was achieved is material: The Gauteng Freeway Improvement Programme cost R17.4-billion rather than the R11.4-billion initially estimated; The Gautrain budget increase from an original estimate of R6.8-billion to R25.2-billion; The capital cost of Transnet’s New Multi-Product Pipeline grew from an estimate of R12.7-billion to R30.4-billion; While Eskom’s Medupi and Kusile projects surged from initial estimates of R70-billion and R80-billion respectively to R208-billion-plus for Medupi and about R240-billion for Kusile. Most of these projects have also seriously lagged their original delivery schedules. In their paper, the authors highlight a direct linkage between the role played by the client, or the organisation initiating the project and playing the role of the client, and infrastructure project outcomes regardless of size, complexity and location. “The root cause of project failure or poor project outcomes can most often be attributed to a lack of...

An analysis of public infrastructure delivery in South Africa, prepared for consideration by the National Planning Commission (NPC), identifies the quality of procurement and client-delivery management as the main differentiators between those projects that have succeeded in recent years and those that have failed. Prepared by engineers Dr Ron Watermeyer and Dr Sean Phillips the analysis shows that, when a public-sector client adopts a strategic, rather than an administrative, stance to the design, procurement and implementation of infrastructure projects, value for money is typically secured. By contrast, when no distinction is made between the procurement of infrastructure and the acquisition of general goods and services and when that procurement is led by finance departments rather than at an enterprise level, led by the CEO, projects tend to run over budget and behind schedule. In their paper, the authors juxtapose several megaprojects, such as Eskom’s Medupi and Kusile, which have fallen short of original cost and schedule estimates, against two project-delivery success stories: the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) and Strategic Integrated Project 14 (SIP 14), which involved the building of two new universities. Under the REIPPPP, government’s Independent Power Producer (IPP) Office oversaw the procurement, through seven bidding rounds, of 6 422 MW of renewables capacity, built by 112 IPPs at a cost of R209.7-billion. Under SIP 14, the Department of Higher Education and Training employed the University of the Witwatersrand as its implementation agent for the construction of new campuses in Nelspruit, Mpumalanga and Kimberley, in the Norther Cape. Facilities for the first intake of students were delivered within 28 months of a political decision being taken in 2011. The costs deviation was also modest, despite the project proceeding before many of the contracts had been priced. Phillips and Watermeyer tell Engineering News that, in the case of the REIPPPP, the quality of the procurement process run by the IPP Office resulted in the development of trust in the procurement process by developers and financiers. This, in turn, contributed to a marked reduction in the cost of renewable energy through successive bid rounds. Key strengths of the new universities project, meanwhile, arose from client governance and organisational ownership practices, which provided effective direction and oversight of the organisation’s infrastructure delivery programme. In both instances, there was also CEO-level client leadership, which helped ensure that a strategic and tactical approach was adopted throughout. “Value for money is realised when the value proposition that was set for the project at the time that a decision was taken to invest in a project is as far as possible realised,” the authors explain. For those megaprojects that ran well over budget and behind schedule the gap between what was intended and what was achieved is material: The Gauteng Freeway Improvement Programme cost R17.4-billion rather than the R11.4-billion initially estimated; The Gautrain budget increase from an original estimate of R6.8-billion to R25.2-billion; The capital cost of Transnet’s New Multi-Product Pipeline grew from an estimate of R12.7-billion to R30.4-billion; While Eskom’s Medupi and Kusile projects surged from initial estimates of R70-billion and R80-billion respectively to R208-billion-plus for Medupi and about R240-billion for Kusile. Most of these projects have also seriously lagged their original delivery schedules. In their paper, the authors highlight a direct linkage between the role played by the client, or the organisation initiating the project and playing the role of the client, and infrastructure project outcomes regardless of size, complexity and location. “The root cause of project failure or poor project outcomes can most often be attributed to a lack of...

Warren shares his current views on the state of SA's economy and the R70-billion IMF loan. Co-hosted by Yolande Botha, Director at Galileo Capital. Honest Money Twitter: @HonestMoneyPodGalileo Capital: www.galileocapital.co.za

Various organisations, political parties and economists say the government has made a massive mistake by seeking the R70 billion Covid-19 emergency funding from the International Monetary Fund (IMF) . The IMF board yesterday approved the R70 billion support package to help the country weather the economic storm brought about by the Covid-19 pandemic.The loan comes with an interest rate of around 1% and much less stringent condition than the IMF usually attaches to its financing, But the EFF is convinced that this is a huge mistake... we spoke to EFF's Head of presidency- Sinawo Tambo and Economist and founding director at the Centre for Economic Development Duma Gqubule.

Various organisations, political parties and economist say the government has made a massive mistake by seeking the R70 billion Covid-19 emergency funding from the International Monetary Fund (IMF) . The IMF board yesterday approved the R70 billion support package to help the country weather the economic storm brought about by the Covid-19 pandemic.The loan comes with an interest rate of around 1% and much less stringent condition than the IMF usually attaches to its financing, But Duma Gqubule,Economist and founding director at the Centre for Economic Development, says it is huge mistake.

The International Monetary Fund's executive board has agreed to extend a $4.3 billion (R70 billion) loan to support South Africa's response to the impacts of Covid-19 on the economy. The decision comes after months of engagement between Treasury and IMF management, and it is part of R95 billion being sought from multilateral institutions to support job creation, protection and businesses negatively impacted by the Covid-19 pandemic. These loans are accounted for in government's R500 billion stimulus package to support the economy. So far both the New Development Bank and the African Development Bank have agreed to loans of $1 billion and R5 billion respectively. A chat at the bad and the good! --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/gerald-chemunorwa-mwandia/message Support this podcast: https://anchor.fm/gerald-chemunorwa-mwandia/support

Business Day TV — Independent Analyst Chris Gilmour did not have a stock pick but Ricus Reeders from PSG Wealth Sandton chose AECI Gilmour said: Take a 10-year view because then there's an awful lot of perceived an apparent value and so many things can can go bad. I'd be sitting on my hands, I really wouldn't be venturing into this market at all at this point. Reeders said: "As I've said in the past few weeks anything that I said looks interesting comes about with that big caveat and that you should have a stop-loss in place. Today is AECI, and I've had that previously and today the listing was at about R70 but on the other hand its cash-flow has allowed to see itself throught his period and putting some of your money in this and starting to nibble at these levels will probably in 5-6 years give you a pretty good your return.

The South African National Editors Forum - SANEF - has implored Mineral Resources Minister Gwede Mantashe to reveal the names of the journalists he says he paid to make a story about an alleged relationship with a young woman disappear. In a story carried by Sunday World newspaper YESTRDAY, Mantashe, when contacted by the paper to comment on allegations that he was involved in an affair with a young student in Johannesburg, he allegedly said he paid R70 000 for the story not to be published and he was not going to pay more money on the same story

Business Day TV — Gerbrand Smit from NeFG Fund Management chose Zambezi Plat as his stock pick of the day and Rowan Williams from Nitrogen Fund Managers chose Reinet Smit said: "I'm gonna go with Zambezi Plat, if you want a bit of a more stable upside long-term wise or in the next five or six years I think that structure is still structured for five or six years. You get prime plus three and a half percent on a platter, you must just check your entry point you can actually build it on a spreadsheet. I think the correct price for this should be close to R70,50 at the moment. It went up 2% on Thursday but yeah if you can get it below I R71,50 where it has been trading for the last month or so, I think it is a nice entry point and you get 13% on a platter going forward." Williams said: "We like Reinet right now, it just came out with an update in terms of the net asset value and what we are seeing is good growth in the secondary asset which is PensCorp a UK-based insurance business it's starting to offset British American Tobacco in terms of the size in the portfolio we know British American Tobacco is cheap it is under some pressure but it looks like a good deal little close to forty percent discount to NAV."

Swaziland is a land locked country between South Africa and Mozambique. Its a gem of a spot to travel to. We used 7 days to travel the whole country with only R70.

R70-77:Time and the Gods is the second book by Irish fantasy writer Lord Dunsany, considered a major influence on the work of J. R. R. Tolkien, H. P. Lovecraft, Ursula K. Le Guin, and others. The book was first published in hardcover by William Heinemann in September, 1906, and has been reprinted a number of times since. It was issued by the Modern Library in an unauthorized combined edition with The Book of Wonder under the latter's title in 1918. Dunsany had a brief preface in the original edition and added a new introduction to the 1922 edition. The book is a series of short stories linked by Dunsany's invented pantheon of deities who dwell in Pegāna. It was preceded by his earlier collection The Gods of Pegāna and followed by some stories in The Sword of Welleran and Other Stories. The book was illustrated by Dunsany's preferred artist Sidney Sime, who provided a range of black and white plates, the originals of which are still at Dunsany Castle. These were present in the 1906 and 1922 editions, not in the unauthorised collections and not in most modern reproductions. The title is thought to have been influenced by Algernon Swinburne, who wrote the line "Time and the Gods are at strife" in his 1866 poem "Hymn to Proserpine". Subscribe to PGttCM with DB Spitzer and Sara Fee wherever you subscribe to podcasts, we use podbean and applepodcasts Check out our new website over at WWW.PGttCM.com! Check out new PGttCM merch over at PGttCM.threadless.com Follow on twitter, facebook, and instagram at PGttCMand youtube at “People’s Guide to the Cthulhu Mythos” Written and Edited by Daniel Spitzer Audio by Sara Fee and Daniel Spitzer Music by Kevin McLeod Help the show by sharing/rating/liking or 5 star giving wherever you listen to or rate podcasts Support the show by hitting the patron button at PGttCM.podbean.com or by going to PayPal.me/pgttcm. Buy a cool shirt from pgttcm.threadless.com. PGTTCM is part of the dark myths collective.Learn more at Dark Myths.ORG

R70-77:Time and the Gods is the second book by Irish fantasy writer Lord Dunsany, considered a major influence on the work of J. R. R. Tolkien, H. P. Lovecraft, Ursula K. Le Guin, and others. The book was first published in hardcover by William Heinemann in September, 1906, and has been reprinted a number of times since. It was issued by the Modern Library in an unauthorized combined edition with The Book of Wonder under the latter's title in 1918. Dunsany had a brief preface in the original edition and added a new introduction to the 1922 edition. The book is a series of short stories linked by Dunsany's invented pantheon of deities who dwell in Pegāna. It was preceded by his earlier collection The Gods of Pegāna and followed by some stories in The Sword of Welleran and Other Stories. The book was illustrated by Dunsany's preferred artist Sidney Sime, who provided a range of black and white plates, the originals of which are still at Dunsany Castle. These were present in the 1906 and 1922 editions, not in the unauthorised collections and not in most modern reproductions. The title is thought to have been influenced by Algernon Swinburne, who wrote the line "Time and the Gods are at strife" in his 1866 poem "Hymn to Proserpine". Subscribe to PGttCM with DB Spitzer and Sara Fee wherever you subscribe to podcasts, we use podbean and applepodcasts Check out our new website over at WWW.PGttCM.com! Check out new PGttCM merch over at PGttCM.threadless.com Follow on twitter, facebook, and instagram at PGttCMand youtube at “People’s Guide to the Cthulhu Mythos” Written and Edited by Daniel Spitzer Audio by Sara Fee and Daniel Spitzer Music by Kevin McLeod Help the show by sharing/rating/liking or 5 star giving wherever you listen to or rate podcasts Support the show by hitting the patron button at PGttCM.podbean.com or by going to PayPal.me/pgttcm. Buy a cool shirt from pgttcm.threadless.com. PGTTCM is part of the dark myths collective.Learn more at Dark Myths.ORG

R70-77:Time and the Gods is the second book by Irish fantasy writer Lord Dunsany, considered a major influence on the work of J. R. R. Tolkien, H. P. Lovecraft, Ursula K. Le Guin, and others. The book was first published in hardcover by William Heinemann in September, 1906, and has been reprinted a number of times since. It was issued by the Modern Library in an unauthorized combined edition with The Book of Wonder under the latter's title in 1918. Dunsany had a brief preface in the original edition and added a new introduction to the 1922 edition. The book is a series of short stories linked by Dunsany's invented pantheon of deities who dwell in Pegāna. It was preceded by his earlier collection The Gods of Pegāna and followed by some stories in The Sword of Welleran and Other Stories. The book was illustrated by Dunsany's preferred artist Sidney Sime, who provided a range of black and white plates, the originals of which are still at Dunsany Castle. These were present in the 1906 and 1922 editions, not in the unauthorised collections and not in most modern reproductions. The title is thought to have been influenced by Algernon Swinburne, who wrote the line "Time and the Gods are at strife" in his 1866 poem "Hymn to Proserpine". Subscribe to PGttCM with DB Spitzer and Sara Fee wherever you subscribe to podcasts, we use podbean and applepodcasts Check out our new website over at WWW.PGttCM.com! Check out new PGttCM merch over at PGttCM.threadless.com Follow on twitter, facebook, and instagram at PGttCMand youtube at “People’s Guide to the Cthulhu Mythos” Written and Edited by Daniel Spitzer Audio by Sara Fee and Daniel Spitzer Music by Kevin McLeod Help the show by sharing/rating/liking or 5 star giving wherever you listen to or rate podcasts Support the show by hitting the patron button at PGttCM.podbean.com or by going to PayPal.me/pgttcm. Buy a cool shirt from pgttcm.threadless.com. PGTTCM is part of the dark myths collective.Learn more at Dark Myths.ORG

R70-77:Time and the Gods is the second book by Irish fantasy writer Lord Dunsany, considered a major influence on the work of J. R. R. Tolkien, H. P. Lovecraft, Ursula K. Le Guin, and others. The book was first published in hardcover by William Heinemann in September, 1906, and has been reprinted a number of times since. It was issued by the Modern Library in an unauthorized combined edition with The Book of Wonder under the latter's title in 1918. Dunsany had a brief preface in the original edition and added a new introduction to the 1922 edition. The book is a series of short stories linked by Dunsany's invented pantheon of deities who dwell in Pegāna. It was preceded by his earlier collection The Gods of Pegāna and followed by some stories in The Sword of Welleran and Other Stories. The book was illustrated by Dunsany's preferred artist Sidney Sime, who provided a range of black and white plates, the originals of which are still at Dunsany Castle. These were present in the 1906 and 1922 editions, not in the unauthorised collections and not in most modern reproductions. The title is thought to have been influenced by Algernon Swinburne, who wrote the line "Time and the Gods are at strife" in his 1866 poem "Hymn to Proserpine". Subscribe to PGttCM with DB Spitzer and Sara Fee wherever you subscribe to podcasts, we use podbean and applepodcasts Check out our new website over at WWW.PGttCM.com! Check out new PGttCM merch over at PGttCM.threadless.com Follow on twitter, facebook, and instagram at PGttCMand youtube at “People’s Guide to the Cthulhu Mythos” Written and Edited by Daniel Spitzer Audio by Sara Fee and Daniel Spitzer Music by Kevin McLeod Help the show by sharing/rating/liking or 5 star giving wherever you listen to or rate podcasts Support the show by hitting the patron button at PGttCM.podbean.com or by going to PayPal.me/pgttcm. Buy a cool shirt from pgttcm.threadless.com. PGTTCM is part of the dark myths collective.Learn more at Dark Myths.ORG

R70-77:Time and the Gods is the second book by Irish fantasy writer Lord Dunsany, considered a major influence on the work of J. R. R. Tolkien, H. P. Lovecraft, Ursula K. Le Guin, and others. The book was first published in hardcover by William Heinemann in September, 1906, and has been reprinted a number of times since. It was issued by the Modern Library in an unauthorized combined edition with The Book of Wonder under the latter's title in 1918. Dunsany had a brief preface in the original edition and added a new introduction to the 1922 edition. The book is a series of short stories linked by Dunsany's invented pantheon of deities who dwell in Pegāna. It was preceded by his earlier collection The Gods of Pegāna and followed by some stories in The Sword of Welleran and Other Stories. The book was illustrated by Dunsany's preferred artist Sidney Sime, who provided a range of black and white plates, the originals of which are still at Dunsany Castle. These were present in the 1906 and 1922 editions, not in the unauthorised collections and not in most modern reproductions. The title is thought to have been influenced by Algernon Swinburne, who wrote the line "Time and the Gods are at strife" in his 1866 poem "Hymn to Proserpine". Subscribe to PGttCM with DB Spitzer and Sara Fee wherever you subscribe to podcasts, we use podbean and applepodcasts Check out our new website over at WWW.PGttCM.com! Check out new PGttCM merch over at PGttCM.threadless.com Follow on twitter, facebook, and instagram at PGttCMand youtube at “People’s Guide to the Cthulhu Mythos” Written and Edited by Daniel Spitzer Audio by Sara Fee and Daniel Spitzer Music by Kevin McLeod Help the show by sharing/rating/liking or 5 star giving wherever you listen to or rate podcasts Support the show by hitting the patron button at PGttCM.podbean.com or by going to PayPal.me/pgttcm. Buy a cool shirt from pgttcm.threadless.com. PGTTCM is part of the dark myths collective.Learn more at Dark Myths.ORG

R70-77:Time and the Gods is the second book by Irish fantasy writer Lord Dunsany, considered a major influence on the work of J. R. R. Tolkien, H. P. Lovecraft, Ursula K. Le Guin, and others. The book was first published in hardcover by William Heinemann in September, 1906, and has been reprinted a number of times since. It was issued by the Modern Library in an unauthorized combined edition with The Book of Wonder under the latter's title in 1918. Dunsany had a brief preface in the original edition and added a new introduction to the 1922 edition. The book is a series of short stories linked by Dunsany's invented pantheon of deities who dwell in Pegāna. It was preceded by his earlier collection The Gods of Pegāna and followed by some stories in The Sword of Welleran and Other Stories. The book was illustrated by Dunsany's preferred artist Sidney Sime, who provided a range of black and white plates, the originals of which are still at Dunsany Castle. These were present in the 1906 and 1922 editions, not in the unauthorised collections and not in most modern reproductions. The title is thought to have been influenced by Algernon Swinburne, who wrote the line "Time and the Gods are at strife" in his 1866 poem "Hymn to Proserpine". Subscribe to PGttCM with DB Spitzer and Sara Fee wherever you subscribe to podcasts, we use podbean and applepodcasts Check out our new website over at WWW.PGttCM.com! Check out new PGttCM merch over at PGttCM.threadless.com Follow on twitter, facebook, and instagram at PGttCMand youtube at “People’s Guide to the Cthulhu Mythos” Written and Edited by Daniel Spitzer Audio by Sara Fee and Daniel Spitzer Music by Kevin McLeod Help the show by sharing/rating/liking or 5 star giving wherever you listen to or rate podcasts Support the show by hitting the patron button at PGttCM.podbean.com or by going to PayPal.me/pgttcm. Buy a cool shirt from pgttcm.threadless.com. PGTTCM is part of the dark myths collective.Learn more at Dark Myths.ORG

R70-77:Time and the Gods is the second book by Irish fantasy writer Lord Dunsany, considered a major influence on the work of J. R. R. Tolkien, H. P. Lovecraft, Ursula K. Le Guin, and others. The book was first published in hardcover by William Heinemann in September, 1906, and has been reprinted a number of times since. It was issued by the Modern Library in an unauthorized combined edition with The Book of Wonder under the latter's title in 1918. Dunsany had a brief preface in the original edition and added a new introduction to the 1922 edition. The book is a series of short stories linked by Dunsany's invented pantheon of deities who dwell in Pegāna. It was preceded by his earlier collection The Gods of Pegāna and followed by some stories in The Sword of Welleran and Other Stories. The book was illustrated by Dunsany's preferred artist Sidney Sime, who provided a range of black and white plates, the originals of which are still at Dunsany Castle. These were present in the 1906 and 1922 editions, not in the unauthorised collections and not in most modern reproductions. The title is thought to have been influenced by Algernon Swinburne, who wrote the line "Time and the Gods are at strife" in his 1866 poem "Hymn to Proserpine". Subscribe to PGttCM with DB Spitzer and Sara Fee wherever you subscribe to podcasts, we use podbean and applepodcasts Check out our new website over at WWW.PGttCM.com! Check out new PGttCM merch over at PGttCM.threadless.com Follow on twitter, facebook, and instagram at PGttCMand youtube at “People’s Guide to the Cthulhu Mythos” Written and Edited by Daniel Spitzer Audio by Sara Fee and Daniel Spitzer Music by Kevin McLeod Help the show by sharing/rating/liking or 5 star giving wherever you listen to or rate podcasts Support the show by hitting the patron button at PGttCM.podbean.com or by going to PayPal.me/pgttcm. Buy a cool shirt from pgttcm.threadless.com. PGTTCM is part of the dark myths collective.Learn more at Dark Myths.ORG

Subscriber to our feed here Subscribe or review us in iTunes Simon Shares Steinhoff (JSE code: SNH) almost 400c then under 200c. If you're in SNH understand you are trading it, this is not a recovery story. Nothing wrong with trading but rule 1 is stop loss and rule 2 is profit. Don't forget either. Blue Label (JSE code: BLU) back below 900c. I have no idea what the story is here regarding the collapsed share price and neither does anybody I speak to. Results due late August and a trading update in the next week or two. Best is to wait for clarity from the results. Kumba (JSE code: KIO) results show what happens when everything comes together for a single commodity stock - cash flow galore and dividends. They're paying 1451c for the first six months. Sabvest N (JSE code: SVN) is doing a book build for two of their larger investors who want to exit. They are a holding company and the price is a discount to net asset value (NAV) of about 36% when a typical discount would be 15%-20%. This book build should improve liquidity and ideally help close the discount gap, but first have a look at their underlying companies they hold because while a steep discount is nice, they holdings are ultimately what you are buying. OUTStanding Money: Why do I want money? Investing in BBBEE schemes. Upcoming events 23 August ~ JSE Power Hour: Three Ramaphosa Rally Recovery Stocks  30 August ~ JSE Power Hour: Practical trading setups and rules  Safcoin - stay away I first saw them on my Google news feed, a promoted story on IOL. Safcoin, not illegal but going to end in tears. That I guarantee. They're pre-selling 500,000 in an ICO at R70, then there are another 5million. In short the market will be flooded with these coins that have no use and sellers will drive the price to zero. Stay away. Read their white paper and then compare it to the white paper for Ripple or Ethereum. This white paper is just marketing material. Where does the money from the ICO go? A white paper should detail expenses etc. With Safcoin we can only assume that the R35million (500k coins at R70) goes to the founder (Neil Ferreira). What of the other 5million coins? Who holds them? Again I assume Neil Ferreira. What I also don't know is are the initial 500k ICO coins included in the 5million or added on top? How do I mine them? Who is the team behind Safcoin? On Twitter Neil Ferreira said they had a team of 12, but no mention of who this team is and typically one trumpets your team for their expertise. Who are the auditors? On Twitter Neil Ferreira said they were SmartDec Moscow Russia but we have no confirmation of this, have asked them on Twitter, as yet no reply. Coin limit is apparently 5.5million, but when you check the website he used to create them (yip not their own code even though they claim 12 people involved) it says 222billion coins. That's about US$1trillion! Heck out government should start a coin and clear our national debt. Ask you self what problem does this new coin solve? If it is not solving a problem then why will anybody want to buy it? No buyers equals over supply and price crash. Consider the fact that over half of new ICOs fail, and this is a conservative estimate. I have seen stats that suggest less than 10% of ICOs ever get to market. Scams, Scoundrels And Multimillion-Dollar Frauds: How To Check An ICO Isn't A Con They mention they will list on local exchanges. Which? Smarter people then me asked on twitter (with no answers); What mining algorithm does your blockchain use? What is the consensus algorithm used by the project and how was it picked? Where do the tokens fall on the Howey Test? You get paid a 5% referral fee if you send people. Referrals always bother me, they smack of pyramid schemes. As I said up front, not illegal. But before you rush off with your hard earned money, do some homework and 5 minutes on this coins offering and it is not going to make anybody a single cent - except for Neil Ferreira. On listing Neil Ferreira could use his income from ICO sales to be an active buyer pushing the price higher, but this never works for long as eventually one runs out of money and real demand reverts to what it really is - and here it likely is zero. I could go on and on with the issues about this new coin. Short version remains - stay away. Another local crypto scam, this time called Safcoin / 500k offered at R70 = R35m (nice work if you can get it) / After ICO 5m will flood market / No details on how I can mine / Paying referrals (always dodge) / Lots of paid copy (such as link below)https://t.co/PqoZyHyIsq — Simon Brown (@SimonPB) July 24, 2018   JSE – The JSE is a registered trademark of the JSE Limited. JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Sign up here to receive an email every time a new show goes live. We spend so much time talking about bad financial products. Is there such a thing as a good financial product? If so, where would you find them? Listener Bronwyn got badly burned with financial products in the past. She's been paying 15% fees on an Old Mutual education policy and took out a Discovery retirement annuity that hasn't returned anything above her contributions for the past six years. Now her financial advisor wants her to invest in Body Corporate Bridging Solutions, which apparently guarantee a return of 17.5%. In this episode, we provide a checklist for buying financial products. When comparing similar financial products, think of the following: Fees Let this be your point of departure. As winner of books and life, Ronel, explained last week, “If I get 10% growth, and inflation is 6%, there is only 4% left for growth and compounding. If I pay 3% or 4% in fees, I will only get back what I put in, adjusted for inflation.” Guaranteed returns far above retail bond rates As Simon points out, the government is the only party that can realistically guarantee returns, because the government owns the printing press. You can check government retail bond rates website here. Counter-party risk Investments are for the long-haul. As winner of books and real life, Lesigisha, pointed out, the principles of compounding relies on time, not money. If there's not much information available about the company taking your money, be very careful. Counter-party risk should be considered alongside fees, though, in the case of older, bigger corporations who probably won't go bust but happily pocket your investment returns. Active or passive Simon and I spend a bit of time discussing this point. The SPIVA report indicates that actively-managed funds underperform the market year after year. However, if an actively-managed fund makes you feel more comfortable, don't forego it just because we say so. It's your money, after all. Win of the week: Sean worked out if you'll be better off at Absa or EasyEquities. He also worked out how many years it would take him to make back the penalty. ABSA's new inactivity cost is essentially R40.25 per every two months, but only charged five times as there would be a trade in the beginning of the year, This adds up to R201.25 per year for the next 14 years (R2 817.50 excluding compounding or about R6 780.98 at 15% growth adjusted back with 6% inflation). After that the fee is R241.50 per year until you remove the money, which assuming my daughter is financially savvy will be a long time as she is only 18 months old today. Anyway before getting myself worked up about ABSA essentially stealing a month's income from my daughter, I decided to objectively look at the numbers (boring Excel attached to check calcs) and do a comparison between EasyEquities and ABSA For my family it's cheaper to use the EE platform by quite a bit, We will pay off the moving of the two ETFs in just under two years. For someone using a monthly deposit it may be better to pay into ABSA until the TFSA allowance is maxed out and then only move to EasyEquities. Hope this helps some peeps. Click on the link below to download the spreadsheet. ABSA vs EE Shout-out to Lean, who recently started listening and seems to be going through the episodes front to back. They wrote about tax on whisky, from many moons ago. Claire wrote to say my newsletter editorial really hit her in the feels.  Your "editorial" this morning really struck a chord with me... Of course that's how they make their money. And the same goes for any of the other things we buy, oh so complicated: wine, perfume, cars, homes blah blah ~ have a great week! Chas wants to know if we have transcripts. I have listened to most of #96, then I was interrupted by a phone call so I lost the thread. I am 78 and a bit deaf so I battle to keep up with your rapid delivery. Do you provide a transcript that I can study in my own time or is there a way I can pause to digest what you just said and then go on again? I always want to learn more about investing. Thanks for a lively intelligent show. Transcripts are for one day when we grow up. It is our highest priority in terms of this show. Thinus has a question about structuring his pay cheque. When allocating your salary to different "pockets", should you use gross or nett salary? Alexander sent this great email about selling his house. When selling a primary residence does one pay CGT for the amount above R40,000 regardless of what you have spent on the house? We sold our house for R50,000 less than we bought it for about four years ago. We paid more than R500,000 towards our loan (which was mostly interest of course) We spent about R100,000 on renovations before we moved in. After the sale we end up with R70,000 in our pocket. Of the R500,000 (paid into the bond) R120,000 went to the principal amount. We sold for R50,000 less than the principal amount. In my book, it's a loss of R530,000 (500k + 100k -70k). Or may I only deduct the renovations? Which is still more than the 70k, but in principle can one only deduct physical improvements? Living there cost us a fuck-ton of money. Obviously we are getting very little out of this deal, but even if we made R600,000, I would be able to prove that it cost us much more to live there so there is no "gain". What can I deduct from the money we get from selling a primary residence? How does this compare to a buy-to-let property? If you can deduct a bunch more for a buy to let, would it be worth it to buy and let to yourself? We've had a few more emails from people who are upset about Absa's fee increases. John says this is not the first time. I bought a small amount of the Absa NewGold ETF years ago and had never done anything else with them. They sent me a letter (in the POST) about 18 months ago telling me about a new minimum admin fee, payable quarterly. On my pretty small account it amounted to an admin fee of something retarded like 10% a year! After querying it and getting a shrug of the shoulders, I thought FUCK THEM!! I did some research found EasyEquities, sold my ETF, was below my CGT threshold and reinvested two days later with my newly minted Easy Equities account at a newer, much higher base cost. With EasyEquities being such a user friendly, reasonably-priced platform, I've subsequently invested multiple times what I originally had with ABSA. Their, EasyEquities' gain. We foolishly forgot to pick a winner for Sam Beckbessinger's book Manage your money like a fucking grownup. Njabulo, who writes for us, snuck in his submission. Whatever your investment or savings plan is, it is important to consider inflation and fees. If the investment can't outperform inflation after fees, that investment is making you poorer. Jen was the Win of the Week in episode 90 for figuring out that people who don't earn a steady income can still structure their savings by doing it by invoice paid instead of by month. As a self-employed person without a fixed income, I can't structure a pay cheque because I don't get one. But I can apply the same methodology to each amount that I receive. Since my last email to you about this, it has been going well (although April has been a kak month so it has not been easy). On the odd occasion when I have been tempted to forget about my system in favour of instant gratification, I just listen to beginning of episode #90 again where you discuss my email. Straight away I am committed all over again, like I would be letting you down if I didn't stick to my guns. I know I should be motivated by how happy future me will be, but sometimes it is hard to think for two people at once. The second brain wrinkling fact, and this isn't mine but a repeat of what you said, is the idea that our total income over a lifetime is a finite amount. Every time you spend money on something,  there is something else you can't spend money on. Has that bit of information affected my spending habits! You are changing my life and I have turned into a bit of a fanatic about all this. I am constantly annoying the crap out of everyone I know because I am trying to convert them all to The Fat Wallet Show, for their own good. This, as well as iTunes reviews and mentioning us when you deal with any financial services provider really helps us. Thanks!

SARS commissioner Tom Moyane is under fire again for allegedly allowing R70-million worth of controversial VAT refund made to the Guptas. Moyane allegedly put pressure on SARS officials to pay the money into the account of a third party for the benefit of Gupta company Oakbay and affiliated companies.The payment is allegedly illegal as it did not go to the registered VAT vendor. Tsepiso Makwetla spoke to SARS Executive for Cooperate Legal Eric Smith...

Sterk gerugte doen die ronde dat afgevaardigdes by die ANC se komende nasionale leierskapkonferensie tot R70 000 elk vir hul stem aangebied word. Heindrich Wyngaard het die etiekkenner prof. Piet Naude, direkteur van die Universiteit van Stellenbosch Bestuurskool, daaroor gepols.

All focus will be on FNB Stadium this weekend as Soweto giants Kaizer Chiefs and Orlando Pirates lock horns tomorrow afternoon. Both teams will go into the match following draws. Pirates drew 1-ALL with Polokwane City in their last match, while Chiefs also played to a 1-ALL draw with Ajax Cape Town in their last fixture. Some fans have expressed their dissatisfaction over the cost of the tickets to the highly anticipated match. One ticket has increased from R40 to R70. Tsepiso Makwetla spoke to Kaizer Chiefs marketing director Jessica Motaung