Truck strike – 1 September

TRAC-LOGO

With the looming national truck stoppage on 1 September 2019, we urge all truck company owners, employees and drivers to assist Trans African Concessions (TRAC) to keep the N4 Toll Route safe during this time. Although we respect people’s rights to protest, we condemn any form of criminal activity. We are thus gravely concerned with threats that trucks operating on this day will be attacked and burnt while toll plazas will be forcefully shut down. In view of this, we advise all those in the industry to take extra precaution…

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Money market or buying a home – pro’s and cons

For many baby boomers, owning a home had been the best money investment. Nowadays, there are many variables to take into consideration, but analysts still believe that property should be considered above playing on a volatile money market. In other words, one still gets a better return on a property investment as one would over the same period on any scheme such as an investment fund. Of course, agents in various markets will convince anyone on their preferred brand of doing business, but taking everything into consideration, our parents did…

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NHI – an opinion making serious sense from an excellent source

Alex van Heerden (Alex van den Heever is chair of Social Security Systems Administration and Management Studies, Adjunct Professor in the School of Governance, University of the Witwatersrand.) In the National Assembly on 22 August 2019, President Cyril Ramaphosa responded to the searing criticisms of the National Health Insurance (NHI) proposals by stating that some people opposed to the NHI are “opposed to transformation against the backdrop of massive inequality in the health sector.” On the same day, the president’s key adviser on NHI and the chairperson of the Ministerial…

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Gov’s new plan to create more than 1 million jobs in decade

The South African National Treasury released a discussion document which outlines steps that could bolster growth and address unemployment. The proposed interventions, which include plans to make petrol cheaper and encourage new banks and supermarkets, could raise average GDP growth by 2.3& points over ten years and create just over one million jobs, Treasury says. Even more jobs and stronger economic growth could be expected if SA relaxed immigration measures to attract more skilled workers, it added. Read more on Business Insider about this plan – https://www.businessinsider.co.za/economic-policy-2019-8

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Namibia wants relaxed laws on hunting and exporting white rhinos

Namibia is considering withdrawing from the rules governing the global trade in endangered species, after countries voted last week to reject proposals to relax restrictions on hunting and exporting its white rhinos. Namibia has the second largest population of white rhinos after South Africa. It wants to allow more trophy hunting of rhinos and export of live animals, arguing that the funds it would raise would help it to protect the species. But countries which belong to the Convention on International Trade in Endangered Species (CITES) last week voted against…

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Government to crack down on employers with low BEE

No more self-regulation by employers said SA government. The latest report said  companies are still not training and up skilling black people to the extent that was expected. A bill will now be introduced in Parliemanet to regulate poor BEE performance. Menial jobs were offered, according to the 2018 BEE report and as far as employment equity was concerned, black workers were not promoted to managerial and top positions and “we will now enforce it,” said Employment Equity Commission (EEC) chair, Tabea Kabinda. (Does this mean white business owners can…

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Mozambique offers deal for defaulted Eurobonds

After restructuring a possible deal earlier this year, Mozambique had now formally restructured a possible deal with Eurobond. The defaulted mostly dollar-bond saw the country offering the deal after the hidden debt scandal, which almost brought it to its knees. The bond’s restructure plan had already seen at least 75% of bondholders accepting the deal. Payabale in 2030, it would provide the cash-strapped country with more financial legroom.      

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Horrific Ngodwana crash claims 4 lives

Traffic had to be diverted last night and according to info from various sources, bodies were lying all over the Ngodwana road after an accident when a light delivery vehicle overturned (LDV). Two more passengers were seriously injured.  The injured were transported to Nelspruit’s Medi Clinic and Kiaat private hospital on the outskirts of the town. According to police, it was not clear on Wednesday morning why the driver lost control of the weekend. Fourteen (14) people were in the LDV.   Please Note: Photo for illustration only.

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