Global road deaths on increase – no good news for Christmas holidays in SA

PHOTO FOR ILLUSTRATIVE PURPOSES ONLY   The Christmas holidays are around the corner and already the death toll on South African roads is rising. Seven people were killed and multiple others injured following a three-vehicle collision in Mpumalanga. The accident occurred on the N4 highway between Van Dyksdrift and Samora Machel street in the town last week. In Gauteng, two were killed and eight more people injured in a taxi crash in Midrand. KwaZulu-Natal has lately seen a spate of horrific car accidents. Even in the Cape Province, shocking photos…

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Mozambique to develop legislation after SA xenophobic attacks

Khumbudzo Ntshavheni, Mozambique’s Small Business Development minister said their government is developing legislation to regulate participation of foreign nationals in South Africa (SA). “We do not have enabling legislation to allow us to regulate the participation of foreign nationals in South Africa,” Ntshavheni said on Radio 702. During weeks of xenophobic violence in Gauteng, 12 people died and hundreds of arrests were made, many of these across-border nationals. Other countries such as Nigeria, Zimbabwe, Ethiopia, Ghana, Tanzania, Bangladesh and Pakistan have existing regulations to specify sectors in which foreign nationals…

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Zimbabwean economy is dead according to its president

Zimbabwe’s president, Emmerson Mnangagwa, said the country’s economy is “dead.” He pleaded for patience and said and said more time is needed turn it around. The country had been facing a barrage of problems such as 18-hour power outages, a crippling cash crisis and food shortages.The country has the largest inflation rate in the world and cartels are invoking huge price increases. The national bank has also tightens currency laws. Bread in Zimbabwe now costs $2 a loaf, or higher, making it beyond the reach of many in the poverty-stricken…

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Increase of cross border water to Moz won’t affect MPU residents

THE 6% increment of the cross border water flow from the Crocodile- and Komati River to Mozambique will not negatively affect the residents of Nkomazi and other areas in Mpumalanga. This is according to the South Africa’s commissioner for the transboundary water co-operation, Gideon Siziba. He was commenting after the Department of Water and Sanitation (DWS) announced that it would increase the water flow to 2600 litres a second at the Ressano Garcia gauging station in the neighbouring country as from Tuesday, 1 October. “Yes there will be an impact,…

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Blockages by union at Mahamba and Matsamo borders to eSwatini

The Congress of SA Trade Unions in Mpumalanga will today, in solidarity with eSwatini government workers protest and block the Mahamba and Matsamo border posts. “Mpumalanga Cosatu supports the strike by eSwatini’s National Public Services & Allied Workers Union [NAPSAWU] and other public sector unions of Swaziland and holds a strong view that their demand for a living wage is a genuine one which must be acceded to by the government of Swaziland. Cosatu will be leading border protests alongside its national affiliate NEHAWU, “said Sizwe Pamla or Cosatu. Government…

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Pres Ramaphosa to deal with another faux pas of Denel’s Gupta undoing

The president had been roped in to avert a diplomatic faux pas and South Africa (SA) being reported to the International Justice Court, compliments of state-owned Denel, once upon a time the provider of some of the world’s most iconic and successful defense equipment. The latest proverbial egg on south Africa is that Denel had failed to supply Chad with 40 Casper military vehicles despite being paid half of the R250 as deposit 24 months ago during the Gupta-state capture. According to City Press, Denel could not deliver the order…

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Barriers to achieving financial literacy in South Africa

Staff Reporter South Africans face unique financial challenges daily, including high unemployment, extreme poverty and poor economic growth. Due to low levels of financial literacy and the complexity of financial products, South Africans need to educate themselves to avoid making poor financial decisions which result in high fees and service costs; investing in inappropriate financial products; losing out on benefits including tax deductions on retirement fund contributions or reduced interest payments on outstanding loans by paying more than the minimum monthly required amount. Educate yourself by making use of free…

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Malawi hosts African Continental Free Trade Area (AfCFTA) Sensitization Workshops in Lilongwe and Blantyre

The African Continental Free Trade Area(AfCFTA)awareness workshops organised by the Malawi Ministry of Trade and Tourism in partnership with the Economic Commission for Africa and the African Union Commission (AUC) is currently underway Lilongwe, Malawi. The workshops that will be attended by 150 participants from private sectors, civil society organizations, parliamentarians, academia, and government will continue until tomorrow. “These workshops aim to engage relevant stakeholders on AfCFTA issues to secure a consensus for Malawi to ratify the AfCFTA Agreement,” said Salim Bagus, Minister of Industry, Trade and Tourism. “The AfCFTA…

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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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