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President Ramaphosa visits the Eastern Cape to assess Msikaba Bridge
23 September 2021, 1:01 PM

President Cyril Ramaphosa on Thursday morning arrived at Msikaba in Lusikisiki, in the Eastern Cape, where he is visiting the construction site of the multi-billion rand Msikaba Bridge.

The bridge is part of the envisaged N2 Wild Coast road megaproject that will link the Eastern Cape with KwaZulu-Natal.

The first soil for the construction of the Msikaba Bridge was turned four years ago.

The N2 Wild Coast road will be beneficial to the people: Fikile Mbalula

It will cost an estimated R1.65 billion and is expected to be completed by 2023.

A cable car has already been installed. President Ramaphosa went into a briefing with stakeholders shortly after his arrival.

An engagement with the community is scheduled for  Thursday, preceded by a site visit by the President.

LIVE: Memorial service for Professor Hlengiwe Mkhize
23 September 2021, 10:15 AM

The memorial service for the late Deputy Minister in the Presidency for Women, Youth and Persons with Disabilities, Professor Hlengiwe Mkhize.

Mkhize passed away last week at the age of 69.

Mkhize’s family has confirmed that the late Deputy Minister was diagnosed with lung cancer in 2017.

Tributes have been pouring in for Mkhize since her passing last Thursday.

Box Office: ‘Shang-Chi’ Set to Lead for Third Weekend as ‘Free Guy’ Climbs Up to number 2
20 September 2021, 5:00 AM

In its third weekend of release, Marvel and Disney’s “Shang-Chi” is set to remain in the number one spot with an estimated gross of $20 million to $22 million.

That would bring its domestic total earnings to a sizable $175 million to $177 million.

On Friday, the Simu Liu-led superhero adventure brought in $5.8 million from 4,070 theaters. It won’t be long until “Shang-Chi’s” gross beats that of fellow Marvel film “Black Widow,” which has collected $183 million so far.

Meanwhile, box office hit “Free Guy”, produced by 20th Century Studios and distributed by Disney is expected to climb back to the number two spot in its sixth week of release.

Despite new releases, “Free Guy” has held its own on the box office charts since its debut, hanging on to the number spot for two weekends and staying in the top five ever since.

Starring Ryan Reynolds, the sci-fi comedy brought in $1.3 million on Friday from 3,288 theaters. “Free Guy” is estimated to add another $4.9 million over the weekend, bringing its tally to $108.3 million.

Warner Bros.’ “Cry Macho,” Clint Eastwood’s newest film, is expected to debut in the third spot, taking in $1.59 million from 3,967 theaters on Friday.

Over the weekend, the neo-Western drama which also debuted simultaneously on HBO Max should earn $4.5 million at the box office. Universal’s slasher film “Candyman” should come in at No. 4 with an estimated three-day gross of $3.47 million, taking its earnings to $53 million in its fourth week.

Trial hearing linked to R15.3 million Talana hostel tender corruption to resume on Monday
20 September 2021, 5:00 AM

The pre-trial hearing of the six people accused of corruption related charges linked to the R15.3 million contract to erect shacks at the Talana hostel in Tzaneen, Limpopo, is expected to start at the local court on Monday morning.

Businesswoman, Constance Mohlala alongside five  employees of the Housing Development Agency, each face three counts of fraud, three of theft as well as three more of forgery.

It is alleged that that businesswoman, Mohlala and her company, Aventino Group, which is the 7th accused before court, submitted fraudulent documents when bidding for the tender.

VIDEO: Uproar over Limpopo housing project in Talana outside Tzaneen:

The other accused are Talana project manager Raymond Maoto, Simphiwe Maphisa, Tsokollo Monareng, Lerato Lekhutso, the acting supply chain manager at the HDA, Jeremiah Makofane, who were members of the bid committee that recommended Mohlala’s company for the contract.

Mohlala is out on bail of R20 000, while her co-accused are out R10 000 bail each.

Last week Limpopo Premier Stan Mathabatha welcomed the Special Investigating Unit’s report on the R15.3 million tender for the provision of temporary accommodation structures at the Talana Hostel in Tzaneen, Limpopo.

Mathabatha referred the contract to the SIU for investigation in July last year.

Mathabatha’s Spokesperson, Willie Mosoma said the premier is pleased that the probe found no wrongdoing by officials from the provincial housing department.

US Treasury’s Yellen: Debt default would ‘permanently’ weaken America
20 September 2021, 4:00 AM

United States (US) Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on US debt would trigger a historic financial crisis.

In a Wall Street Journal opinion piece, Yellen said that the crisis triggered by a default would compound the damage from the continuing coronavirus pandemic, roiling markets and plunging the U.S. economy back into recession at the cost of millions of jobs and a lasting hike in interest rates.

“We would emerge from this crisis a permanently weaker nation,” Yellen said, noting that US creditworthiness has been a strategic advantage.

Yellen did not offer a new timeline for a possible default, but described economic damage that would fall on consumers through higher borrowing costs and lower asset prices.

She has said previously that a default could come during October when the Treasury exhausts its cash reserves and extraordinary borrowing capacity under the $28.4 trillion debt limit.

“We can borrow more cheaply than almost any other country, and defaulting would jeopardize this enviable fiscal position. It would also make America a more expensive place to live, as the higher cost of borrowing would fall on consumers,” Yellen wrote. “Mortgage payments, car loans, credit card bills everything that is purchased with credit would be costlier after default.”

Republicans have refused to support raising or suspending the $28.4 billion. U.S. Senator Bill Cassidy from Louisiana said earlier on NBC’s “Meet the Press” program that Democrats want to increase the borrowing cap to fund trillions of dollars in “Democratic wish list” spending.

Yellen argued the debt ceiling is about paying for past spending obligations, and said waiting too long to lift the debt ceiling can still cause damage, citing a 2011 debt ceiling crisis that pushed the federal government to the brink of default that prompted a credit rating downgrade.



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