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Treasury to launch inquiry to determine revenue gap causes
25 November 2017, 7:20 AM

National Treasury says a judicial commission of inquiry will be established to look at the root causes of the revenue gap.

This after global ratings agency Standard & Poor’s Global Ratings downgraded South Africa’s currency to junk status.

The move will make it costly and difficult for the country to raise debt in local currency.

The decision saw the rand shedding 25 cents to the US dollar.

Another rating agency Moody’s spared the currency from larger sell-off by placing South Africa on review for a downgrade.

In a statement released just before midnight, S&P said the downgrade reflects further deterioration of South Africa’s fiscal position.

Treasury responded, saying that the 2018 Budget will outline decisive policy measures to strengthen the fiscal framework.

However, S&P believes that these may be insufficient to stabilise public finances in the near term.

 

 

Zuma set to launch 16 Days campaign
25 November 2017, 7:08 AM

President Jacob Zuma launches the 16 Days of Activism Against Women and Children Abuse at the Missionvale campus of the Nelson Mandela University in Port Elizabeth on Saturday.

The South African Medical Research Council says a woman is killed by an intimate partner every eight hours in South Africa.

Many believe that poverty, unemployment, drug and alcohol abuse are contributing factors to gender based violence.

While speaking at a dialogue on gender based violence earlier this week, Social Development MEC Nancy Sihlwayi appealed to communities to work with government to put an end to the scourge.

“We need to hear the struggles they face daily and work with them to find solutions. Communities are still concerned about the conviction rate of reported cases.”

 

SABC sports commentator Cebo Manyaapelo dies
23 November 2017, 11:52 AM

Messages of condolences continue to pour in from different sports personalities and government for the veteran SABC TV and Radio sports commentator Cebo Manyaapelo who died on Wednesday.

The 50-year-old Manyaapelo had a service spanning of over 33 years.

He shot to fame as an anchor for the Motsweding FM breakfast show.

North West Premier Supra Mahumapelo says the North West Province has not only lost a good broadcaster, but an entertainer and a motivator whom many emulated and looked up to.

Premier Soccer League (PSL) Chairperson Ivirn Khoza has described Manyaapelo’s passing as a devastating loss.

“Personally I know him as a Pirates supporter. He supported Liverpool in England. He prepared well and did his research, and that’s one of the things that stood out about him. He was passionate about sports and that is why it is a great loss for us. We have lost a giant. We want to express our condolences to the family…he was one of us.”

 

 

KZN ANCYL leader gunned down
23 November 2017, 10:35 AM

A KwaZulu-Natal ANC Youth League leader has been killed. Sthembiso Mhlongo was shot at his home in Howick early on Thursday morning.

He’s the League’s deputy secretary in the Moses Mabhida region.  Region secretary Thembinkosi Zondi says two men knocked on Mhlongo’s door in the township.

When he tried to open for them, they started to shoot.

Mhlongo was taken hospital where he died.

The killing comes after ANC activist Lungisani Mnguni was assassinated in Camperdown near Pietermaritzburg on Monday.

NUM signs three-year wage deal in coal sector
23 November 2017, 9:24 AM

The National Union of Mineworkers (NUM) has agreed a three-year wage agreement with coal producers, averting a sector-wide strike that could have impacted power supply, the company said on Thursday.

The union reached the agreement, which varies for each coal producer, after saying last month it would call a strike if wage demands were not met by the Chamber of Mines, the body which has been representing several mining firms in pay talks.

A strike in the coal sector could affect the nation’s power supply, as most of the country’s power is generated from the fuel.

The Chamber of Mines represents companies in the negotiations including Anglo American Coal, Exxaro and Glencore.

For the lowest-paid workers at five of the six companies the agreement includes an increase ranging from R850 to R1 100 for 2017, an increase of between 6% to 7.5% in 2018 and an increase ranging between 7% and 8.5% in the final year.

For the sixth company, Delmas Coal, the agreement will see a 7.5% increase in 2017, an increase of consumer inflation plus 1% for 2018 and a 7.5% increase in 2019 for its lowest paid workers.

The agreement will be effective from June 1 for officials and July 1 for lowest paid workers at all companies with the exception of Koornfontein Mines, which will implement on July 1 and Delmas Coal, which will implement on July 1 for all employees.

 

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