Banyana Banyana focuses priority on matches against top opponents in preparation for next year’s World Cup FIFA next year is even more useful after they received a very difficult draw for the performance Next year . Desiree Ellis’ troops will face Group G in the […]
SportsAccording to Daryl Johnston, MMC Provincial Regional Operations and Utilities Authority the city has allocated 75 million rand to replace worn pipes in the water network. “With this budget, we have an estimated goal of replacing 18,420m of pipeline in a range of projects.” The […]
NewsAccording to Daryl Johnston, MMC Provincial Regional Operations and Utilities Authority the city has allocated 75 million rand to replace worn pipes in the water network.
“With this budget, we have an estimated goal of replacing 18,420m of pipeline in a range of projects.” The City of Tshwane has listed the following work areas:
• Pretoria North and Dorandia
• Mamelodi
• Eersterust
• Greater Sinoville area
• Constantia Park and Moreletapark
• Riamarpark
• Clubview
and leak detection with Experimental projects use new technologies to find leaks before they are visible on the ground. These are then prioritized within our budget, limiting the technical water loss we incur.
Such city-planned initiatives are accompanied by a government call for South Africans to conserve water – allowing Rand Water to bring their reservoirs back to a target level of 60%.
Some of South Africa’s largest municipalities in Gauteng face frequent water cuts, with reservoirs and pipeline infrastructure under strain. In early October, Rand Water announced that it was implementing Phase 2 water restrictions on heavy water users.
The agency then urged residents of Gauteng to implement water-saving strategies as Tshwane was affected by the water loss along Joburg and Ekurhuleni towns.
Makenosi Maroo, a spokesperson for Rand Water, told Newzroom Afrika that under the Phase 2 water limit – tap water is still available to cities where Rand Water supplies water, but it won’t be as strong as it should be.
Maroo says that in the event of a tap running dry, it could be the result of decisions by municipalities
Affected areas will have to increase the level of restrictions if public water consumption is to be does not decrease and if the tank cannot be filled quickly, is added.
The Department of Water and Sanitation, in the event of an emergency, has indicated it is committed to providing more water to the Rand Water system.
With the current Rand Water challenges, Tshwane is now prioritising critical infrastructure maintenance to reduce water leaks. So as we call on residents save water, on our part we are accelerating fixing water leaks. #watershedding #RandWater pic.twitter.com/w3TE1Lbi4a
— Mayor Randall Williams (@tshwane_mayor) October 21, 2022
project that has taken a huge step towards renewables because not only The utility of the national grid is not meeting the energy needs of the people, but the global community is also encouraging the break from dependence on fossil fuels. Addressing the media after […]
Businessproject that has taken a huge step towards renewables because not only The utility of the national grid is not meeting the energy needs of the people, but the global community is also encouraging the break from dependence on fossil fuels.
Addressing the media after a business visit to Saudi Arabia, President Cyril Ramaphosa said negotiations with the kingdom were a springboard for many energy initiatives at the national level.
Ramaphosa said Saudi Arabia believes South Africa is the best base for independent power producers (IPPs) in the world. ACWA Power of Saudi Arabia is currently investing and developing massively in South Africa.
Ramaphosa, however, notes a loophole that plagues businesses:
“Another company said that although they wanted to ship goods to South Africa, they found our port system too much. slow and bureaucratic…we’ve kept that in mind.
In July this year, the President announced the opening of green energy investment opportunities worth about $8.5 billion (R1 40 billion) to the country. The Just Green Light Transition Framework offers policy considerations for equitably transitioning the workforce from coal production to renewable energy.
Money is committed by UK, US, Germany, France and EU. Ramaphosa said the framework calls for expansion of renewable energy, battery storage, new energy vehicles, green minerals and a hydrogen economy.
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ACWA Power
• 100MW
• R11.6 billion
ACWA Power has given the green light to the Redstone Solar Power Plant in the Northern Cape, which has a cost of Rs 11.6 billion and is expected to enter commercial operation in fourth quarter of 2023. Ramaphosa added that the country’s IPP has made ACWA’s business significantly profitable.
Scatec
• 540MW
• R28.8 billion
In the middle of this year, Norwegian renewable energy company Scatec announced that it would begin construction of three renewable energy projects in the Northern Cape.
“This project is the first of its kind and will be one of the largest solar and battery installations in the world. We now look forward to starting construction on this unique and exciting project that will be a major contributor to the South African economy and the green energy sector,” said Scatec CEO Terje Pilskog.
These projects are part of the government’s Risk Reduction Independent Power Producer Procurement Program (RMIPPPP) and aim to bring a total of 540Mw solar capacity and storage batteries online.
Soetwater Wind Farm
• 147MW
• R3.5 billion
Italy’s Enel Green Power has also embarked on the development of wind farms around the country, with the latest failure being R3.5 billion rands. Also located in the North Cape, the new Soetwater farm is the seventh in the country and will be able to produce 585 Gwh per year.
The UK has followed in making South Africa the home of its new energy projects after a case study comparing African countries found South Africa to be the best bet for green energy development. The UK Government proposes the following potential projects:
• Green hydrogen production
• Development of onshore wind farms
• Development of utility solar projects
Together with the initiative In a recent transition, Ramaphosa has announced an energy crisis plan that sets forth regulations to accelerate power generation projects and reduce the red tape associated with renewable energy project requirements.
The Minister of Mineral Resources and Energy, Gwede Mantashe, said that under the Renewable Energy Independent Power Producers Program (REIPPP), South Africa has 32 new wind power projects, which have contributed 3,000 MW of energy. quantity.
Eskom
Eskom National Electric Company, which is struggling to keep the lights on nationwide, recently announced that it will help the nation in launching its own renewable energy projects. me.
On October 15, Eskom announced that it had contracted four renewable energy companies to build new renewable energy facilities on land owned by the electricity company.
This is the first series of lease agreements signed with private companies. It covers plots of land near the Mpumalanga power stations in Majuba and Tutuka.
According to Eskom, the four IPPs will lease 6,184 hectares of land for a term of 25 to 30 years and contribute about 2,000 MW to the national grid.
Such developments are just the beginning, with utilities sector CEO Andre de Ruyter saying the country needs to spend around R1 trillion by 2030 to ensure sufficient electricity generation.
The CEO said Eskom continues to recommend focusing on renewable energy systems delivering thousands of MW through new projects, including:
• 3500 MW of renewable energy projects. Seriti
• 2,000 MW from Independent Power Producers (IPPs) on land leased MW from REIPPP 5 projects
• 5,200 MW from REIPPP 6 projects 4,444 • 7,000 + MW from other projects 4,444 ________________________________________ 4,444 Delays 4 444 However, the growing renewable energy sector has encountered obstacles, of which the government is the most important. State-owned Eskom has failed to deliver on its plan to add renewables to the grid.
Business Leadership South Africa (BLSA) Executive Director Busi Mavuso said government delays, corruption and bureaucracy were the causes of the failure.
The Renewable Energy Independent Power Producers Program (REIPPP) projects sought to bring independent renewable electricity producers online who could help the country transition away from coal, but the chances of bidding for their supply are very poor.
Mavuso said the department had planned to achieve financial results for the fifth-round bid within six months of announcing the winners on October 29, 2021 – but that did not come to fruition. real.
“Since 2015, South Africa has not experienced a smooth procurement process.” The REIPPP program has been plagued with problems since the fourth round was delayed in 2015. Development of new energy systems.
In its latest annual report for 2021, Snai said although the number of reported cases since 2020 has increased by 18% – the main mainly due to a decrease in frauds in mobile banking – therein the gross loss increased significantly by 45%, from R310 […]
In its latest annual report for 2021, Snai said although the number of reported cases since 2020 has increased by 18% – the main mainly due to a decrease in frauds in mobile banking – therein the gross loss increased significantly by 45%, from R310 million in 2020 to Rs 440 million the following year.
Criminals have used social engineering techniques to their advantage and are moving away from the well-known phishing scam to other important methods.
Such methods include hacking employees’ work emails, general email hacking, phishing and phishing – all of which have appeared more frequently in the banking fraud sector.
The biggest source of money for cybercriminals is the abuse of the fact that most people are now banking online.
Snai says that while online banking fraud accounts for only a small fraction of digital crime cases, it accounts for the second largest share of total losses. On average, the amount cheated from people is around Rs 33,781.
Snai notes the following types of scams and patterns:
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Vishing
In the case of fishing, scammers call victims, impersonating a bank or service official, and use Social skills to manipulate victims into revealing confidential information. are in turn used to defraud them, Snai said.
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Phishing
A scammer sends an email to a potential victim, encourages them to click a link in the email, then takes them to a fake website designed to look like a website Legitimate banking.
Snai said victims were then asked to verify or update their contact details or sensitive financial information. In some cases, according to Snai, scammers request access to the OTP or RVN needed to complete a fraudulent transaction.
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SIM Card Swapping
SIM Card Swapping has become a popular method for criminals to scam victims by intercepting transaction verification tokens. Compared to the previous year, SIM swapping service increased by 63% margin.
Through an unsuspecting banking customer’s mobile service provider, criminals obtain things like disposable PINs (OTPs) and random verification numbers (RVNs) for them and then access them. access money or legitimate transactions.
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Polishing
Polishing is similar to a traditional phishing scheme, but done through a cell phone. When people use mobile banking channels, scammers try to take advantage of them.
Instead of sending an email as in a scam scheme, they send a text message to a potential victim asking them to call a number or click on a link then trick them into revealing confidential banking information. their secret, Snai said.
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For such scams, Snai urges bank customers to treat requests for private and confidential information suspiciously and to have full discretion when it comes to sharing such information. , if required, Snai said.
A luxury home in Cape Town’s Clifton district was recently put on the market for 160 million rand. Real estate company Seeff says the house is located on Africa’s most desirable street – Nettleton Road. “The hotel has 5 bedrooms (all with private bathrooms), a […]
PropertyA luxury home in Cape Town’s Clifton district was recently put on the market for 160 million rand.
Real estate company Seeff says the house is located on Africa’s most desirable street – Nettleton Road.
“The hotel has 5 bedrooms (all with private bathrooms), a chef-worthy kitchen equipped with high-class appliances, multiple dining and living areas open to the entertainment area spacious outdoor with a large infinity pool and one of the best views Cape Town has to offer,” says Seeff
Seeff notes that the property has four garages, two bedrooms and a lake. swimming I myself lie on a land of 940 square meters.
“The property also has a private outdoor mountain garden, a gym, a movie room, emergency power installation, a garage for 4 cars and a double accommodation for staff, ‘ said Seeff.
“Significant luxury homes of this caliber are rarely found on Nettleton Road – this luxury home has it all.”
The property is the product of SAOTA, an award-winning international architecture firm based in Cape Town. Some of its other developments include housing for wealthy Americans in Los Angeles and mansions in Switzerland.
Seeff calculates a monthly deposit return for the property as R1,517,627, calculated over 20 years at 9.75% – no deposit required.
With economists expecting another rate hike of 50 to 75 basis points in November, any potential owner of this home will see that payment rise from R1.57 to R1.6 million per month.
Meanwhile, for the South African middle class, who may have a more modest obligation of R1,000,000, the last rate hike in September saw monthly costs rise to 9,485 Rupees (over a 20-year period), at a rate of 50 percentage points. and increased by 75 basis points, bringing this return to 9,816 rand and 9,983 rand respectively.
The governor of South Africa’s central bank has urged the government to stick to the debt reduction plan, so that the National Treasury prepares to issue medium-term fiscal policy. announced next week. “Fiscal consolidation is necessary and not restrictive,” Lesetja Kganyago told a forum hosted […]
BusinessThe governor of South Africa’s central bank has urged the government to stick to the debt reduction plan, so that the National Treasury prepares to issue medium-term fiscal policy. announced next week.
“Fiscal consolidation is necessary and not restrictive,” Lesetja Kganyago told a forum hosted by former President Kgalema Motlanthe’s foundation in southeastern South Africa on Friday.
“Debt stabilization reduces risk and allows interest rates to fall on the yield curve. It would also avoid fiscal dominance, where central banks would lose the ability to protect the value of currencies due to fiscal failure. Finance Minister
Enoch Godongwana will present his second medium-term budget on Wednesday. The Treasury faces growing pressure to agree to civil servants’ demand for an inflation-fighting wage increase and an extension of the monthly social allowance of 350 rand ($19) that will thwart plans to rein in inflation. budget deficit and control the skyrocketing public debt.
South Africa’s public finances deteriorated dramatically during the nearly nine-year rule of former President Jacob Zuma, when corruption was rampant and public procurement budgets plundered. Losing state-owned enterprises, including the electric power company Eskom Holdings SOC Ltd., have received a flurry of bailouts and the government has repeatedly failed to rein in their wage bills.
Zuma was forced to resign in 2018.
Recent success in rebuilding fiscal reserves means the country is better positioned to deal with the deteriorating global economic outlook, Kganyago said in an interview with Bloomberg last week.
The primary budget deficit, South Africa’s most important fiscal anchor, narrowed more than expected in the year to March 2022, and the public debt-to-raw domestic product ratio also exceeded estimates of the national treasury, according to central bank figures