Transnet: State-owned enterprise notes irregular expenditure of R8.1 billion

Transnet: State-owned enterprise notes irregular expenditure of R8.1 billion

Of course there are sites aimed at specific religious or ethnic groups, but there are also those who aim to match couples with very specific interests. The Passion Network, for example, is a small empire of dating hubs like bronypassions. Thanks to the growth of such sites, the industry has expanded at 3. Analysts expect the acceleration to continue over the next five years. Target marketing, changing demographics, and decreasing stigma about online dating are continually bringing new users to fore. That growth is already beginning to attract investors. The field is already crowded, with almost 3, companies running dating sites, according to a report last fall from business research firm IBISWorld. The report projects the industry to add about a hundred companies per year over the next four years. The biggest web dating companies have a huge lead over the competition—two control more than 40 percent of the market. The stats are staggering.

South Africa, Riots and the Price of Food

It was home to the most ancient kingdom in Africa, one of the first monarchies in the world. It is the sole African country to possess an alphabet more than 2, years old. It is the only country on the continent to have maintained independence in the face of European colonizers. It was also known in Europe as Abyssinia, a term coming from the Arabic Habashat, which referred to one of the tribes south of Arabia that emigrated to Ethiopia at the beginning of its history.

The origin of Ethiopia is largely the origin of us all.

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Land Bank warns expropriation could trigger default Farm prices in South Africa have plunged by a third since the ruling party decided to seek a change to the Constitution to make it easier to expropriate land without compensation. This as commodity prices fell due to bumper harvests following a drought. The average price of agricultural land sold in July was R9 a hectare compared with R13 in December, when the ANC adopted the policy, Johann Bornman, an economist who is the chairperson of Agri Development Solutions, said by phone on Monday.

The information was first published in Afrikaans-language Rapport newspaper on Sunday. Critics of the plan and investors say the move could lead to an erosion of property rights. The party says more needs to be done to correct racially skewed land-ownership patterns dating back to colonial and apartheid rule. Farming debt with lenders such as commercial banks and cooperatives and which is often secured with land is at about R bn, according to IHS Markit, which based the figures on Reserve Bank data.

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Henry Sanchez hsanchez pegasus. These private forces have taken on the guise of profit making enterprises that offer military advice as well as providing fighting forces. This is a break from how they were traditionally as “mercenaries” and “soldiers of fortune”. Though the development of states hiring “companies” to preform the tasks that were once the domain of govrenments may seem new, in fact the outsourcing of private military armies states has a long history dating back to ancient times in the Greek, Roman and Chineses civilizations.

What has changed has been the level of sophistication of operations and the acceptance from industrialized and developed states for the uses of “legitimate” companies. There have even been recent suggestions that private armies could be used in peacekeeping missions for the UN to replace the fear and fatigue of member states to involve government forces in an increasingly dangerous operations.

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About Overview of the truly African Bank ABC Holdings Limited is the parent company of a number of sub-Saharan Africa banks operating under the BancABC brand that offer a diverse range of financial services including personal, business and corporate banking as well as asset management, stockbroking and treasury services.

Guided by its core values of professionalism, people, innovation, passion and integrity, BancABC is pursuing its vision be the preferred banking partner in Africa by offering world class financial solutions – to the benefit of all its stakeholders. BancABC is realising this vision by building profitable, lifelong customer relationships through the provision of a wide range of innovative financial products and services BancABC has a proud heritage dating back to The Group, which has its head office in Botswana, was formed as a result of a series of mergers and acquisitions of financial institutions operating in Southern Africa.

This has given the Group a strong geographical footprint as well as a sound understanding of the diverse financial markets within the region. The Management of BancABC, most of whom have a longstanding history with the bank, also holds significant shareholding within the Group thereby offering much needed stability to all stakeholders.

A secondary listing on the ZSE in Zimbabwe is also held.

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 · South Africa: Shadrack Sibiya Has a Right to Justice Against the State Capture Enablers Still Jammed in the System (Daily Maverick) South Africa:

Messenger Colonialism brought large-scale farming to Africa, promising modernisation and jobs — but often dispossessing people and exploiting workers. Now, after several decades of independence, and with investor interest growing, African governments are once again promoting large plantations and estates. Their future is increasingly uncertain as the large-scale colonial model returns. To make way for big farms, local people have lost their land.

Promises of jobs and other benefits have been slow to materialise, if at all. Two possible models stand out. These are often educated business people and civil servants who are investing money earned elsewhere into medium-scale commercial farms which they own and operate themselves.

Good Seed Is The Key To Growing Better Crops

This urban area comprises the entire Witwatersrand from Randfontein in the west to Nigel in the east, and Ennerdale in the south to Midrand in the north – an area popularly referred to simply as “The Rand” or “The Reef”. Of the names of the 1, suburbs in this large metropolitan region, Of course, some of the names are used in other parts of the British Isles as well, but as many as 82 of them 6.

South africa’s good looking singles are all available to chat to online with AfroRomance. We might be a bit biased, but we think you’ll be sure to find that special someone online with us.

Once a model for emerging African democracies, South Africa is now mired in corruption that undermines its economy, provokes social unrest, and betrays the dreams and trust of millions of South Africans. Zuma defended the upgrades as necessary for ensuring his security, yet the improvements included a swimming pool and amphitheater, among other amenities. Unfortunately for Zuma, his mansion upgrade is not the only scandal in a string of controversies dating back more than a decade.

Critics claim an inner circle of wealthy confidants has undue influence on the president, and therefore the government. Top of the list are the Gupta brothers—Ajay, Atul, and Rajesh. The brothers migrated to South Africa from India beginning in Their business, Sahara Computers, began as a small IT distributor but has grown to include mining operations, a televised news station, and a newspaper. The Guptas have been as adept at making powerful political friends as they have in building a business empire.

They had high-level ties with the previous South African administration, and cultivated a close friendship with Zuma before he became president, a relationship that has continued through his seven years in office. Then-Finance Minister Nhlanhla Nene was ousted a month later. The Gupta accusations have enlivened the fissured political opposition in South African.

The ANC must recognize the severity of the problem and make urgent reforms that will in turn facilitate economic and social opportunity for all its citizens, not just well-connected elites.


Government installs system to track telecoms revenues Tuesday July 3 In Summary The intelligent network monitoring systems, among others, checks the multi-vendor network data, network performance, customer experience records, service quality performance, signalling statistics, documented data selections, customised data filtering and user configurable access. The operators have been doing self-declaration to the regulators.

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Sep 16,  · Many of those in the direct path of desertification are in key food growing areas of the planet—including South Africa, Australia, Jordan, Peru, southwest China and, much closer to home for.

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Here is a list of South African institutions offering business funding in South Africa. Business Partners Limited Business Partners is an investment company for small and medium enterprises. The company invests between R and R15 million in SMEs across all sectors, with the exception of farming, on-lending and non-profit organisations.

Investment financing is offered for businesses at all stages of development, including start-ups, expansions, outright purchases, management buy-outs, management buy-ins, franchises, tenders and contracts. The company also manages a number of specialist funds, which provide investment financing for defined-profile entrepreneurs. Business Partners also has a range of support services for the entrepreneur.

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There may be changes to some details of the program, e. As always on our wine tours, we put a great emphasis on that the visit will be exceptional and memorable. For more details, contact BKWine. We pick you up at the airport. Around noon we head out to our waiting bus. Otherwise, we will start with a light lunch and a few good wines. After lunch, we will go back on the bus and head over to Table Mountain.

Hopefully, we will be lucky with the weather so that the cable car that takes us up to the mountain is open it is closed if the wind is too strong. From the top of Table Mountain you have a breath-taking view over Cape Town, the Waterfront and all the surrounding landscape and sea. Late afternoon we will be back at the hotel.

Playing a vital role in Africa’s flat knitting sector

Search the Panama Papers database here Error: Read Story Sierra Leone A community in Sierra Leone continues to oppose a diamond mining operation in its city that has links to murky offshore shell companies and dubious global diamond dealings, write Silas Gbandia, Cooper Inveen, Will Fitzgibbon, Khadija Sharife and Michael Hudson. More Investigations The myth of the offshore African tax havens are frequently used as cogs in the wheels of corporate, criminal and political activities that desire legal and financial veils, writes Khadija Sharife.

Read Story Nigeria The head of the Nigeria Senate is accused of failing to declare his property and operating foreign accounts while in public office, write Emmanuel Mayah and Joshua Olufemi. Read Story Zimbabwe Leaked data from the Panama Papers shows an offshore company was created to pay salaries to senior managers at Zimplats, but the mining company denies any knowledge of the offshore entity and its activities, writes Ray Choto.

Read Story Angola Leaks from the Panama Papers reveal a web of intrigue about how companies got their rights to drill for oil in Angola, writes Khadija Sharife.

Seeking stronger trade ties with the continent post-Brexit, Mrs May said she wanted the UK to overtake the US to become the G7’s biggest investor in Africa by

Supreme Court on Monday rejected appeals by three paint manufacturers challenging a California court ruling that held them liable for millions of dollars in damages relating to the use of lead paint decades ago. The justices left in place the lower court’s ruling that endorsed a trial judge’s finding that the companies had created a “public nuisance” by concealing dangers posed by lead paint, which can cause brain damage if ingested.

The appeals were brought by: Lead paint was banned by the U. The California appeals court said the companies were liable for the cost of lead abatement in homes built before The long-running litigation, dating back to , stems from a complaint filed against the companies by 10 local jurisdictions in California, including Los Angeles County and the city of San Francisco. Kleinberg found the companies had knowledge of the hazards of lead paint, including the dangers of childhood lead poisoning, when they promoted lead paint for domestic use.

The three companies sought Supreme Court review after the California Supreme Court in February refused to hear their appeal. They have said that there is no evidence any injury traced to lead poisoning came directly from their products and that liability was imposed based on the companies’ promotion of lead paint at a time when it was legally sold. The companies argued that the liability decision violated their due process rights and the U.

Constitution’s First Amendment protection of free speech.

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Girls are still being left behind. Access to education will change this The contemptible living conditions of black children should ignite the conscience of white and black elite groups who enjoy an undeserved wealth, argues Sampie Terreblanche. Twenty years ago, in late November, I was the first person to give evidence on the role of business and labour under apartheid before the Truth and Reconciliation Commission TRC institutional hearings. I proposed that a wealth tax ought to be levied.

The income could be used to set up a restitution fund to help alleviate the worst poverty in South Africa.

pbOffice (a division of PBSA, formerly Pitney Bowes SA) provides automation solutions to serve mailing, marketing and communication applications for small and medium-sized enterprises. pbOffice is the biggest supplier of mailing equipment in South Africa and distributes Pitney Bowes’ finishing products.

Especially in South Africa and Kenya, Stoll machines, built in the s and 60s, are still running. The company is now sharing its success story and the future outlook on the growth opportunities in the region. Ethiopia Garment and leather shoe manufacturing, along with cultivation of agricultural products, are the main industries in Ethiopia, mainly driven by foreign investment. Local companies are not yet in the position to play a bigger role in this game.

Due to the lack of foreign currencies, Ethiopian companies are outplaced when it comes to economic growth and wealth as they are simply not able to invest. Qualified and well-trained people are not yet available to the extent as required. Stoll has been the first manufacturer of electronic flat knitting machines to supply two state-of-the-art CMS machines, along with two design software M1plus to the Textile Institute of Bahir Dar University. Today, Bahir Dar University is giving education to roughly 3, students.

It is planned to double the number of students within the next five years. The aim is to educate and produce simultaneously.

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