Oil spill in last of the world’s pristine areas

Chile’s navy  confirmed the spillage of 40,000 liters of diesel oil into the sea in a remote and pristine area of the South American country’s Patagonia and said it is working to mitigate the effects. With only 30% of all the oil-free beaches and rain forests left in the world, this is a huge tragedy. A navy statement said it received a call from the mining company CAP on Saturday reporting the spill at the terminal of Guarello island, about 1,740 miles (2,800 kilometers) south from Santiago, Chile’s capital. The…

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Its a draw in nail biting All Black-Boks game

A draw is a let-down for many. Everyone wants to have a winner. But as, Sport24 states very clearly, there was just one worthy team on the field over the weekend in this iconic match. And it was not the Springboks, according to to those in the know. Herschel Jantjies keeps on being the man and brought the Boks back from the brink of 16-9 after half time. Handré Pollard with his kicking boot ensured no single winner walked off the field. However, with everyone it seems, always insisting on…

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SA now on first rung of junk status – Fitch

The seemingly never-ending government bailouts to bankrupt Eskom have not only vexed taxed-to-the-max South Africans but also credit rating agency Fitch Ratings. Moody’s will have to follow suit not to lose face. The rating agency, which followed S&P Global Ratings in placing South Africa’s creditworthiness to sub-investment grade (commonly known as junk status) in 2017, has taken another dim view of the country’s deteriorating fiscal and economic performance. It has downgraded its outlook from stable to negative.  Fitch cited two reasons for its bearish decision; the increased support for struggling…

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Treading softly – Expropriation Bill final report in Sept

President Cyril Ramphosa’s expert panel of advisors on land reform has endorsed the amendment of the constitution for the state to expropriate land without compensation – but only in well-defined and clear circumstances. In a 144-page final report published on Sunday, a majority of the 10-member panel, which was appointed by Ramaphosa in September 2018 to review all aspects of the land reform policy, want the state to finalise amendments to the long-mooted Expropriation Bill. The passing of this bill might be further delayed because a new parliament was installed…

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