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Bankrupt Gupta mine in Mpumalanga sold to black-owned South African mining group

Posted on 22/10/2019 Leave a comment

A black-owned South African mining group, Lurco, is buying the Gupta family’s Koorfontein mine, Netwerk24 reported on Monday morning.

The bankrupt mine in Mpumalanga is owned by the Guptas’ Tegeta Exploration and Resources, a unit of Oakbay Investments. It used to supply coal to Eskom, but has not been operational for some time. Employees last received salaries in November 2018

Lurco was established in 2010 by businessmen Ellington Nxumalo and Aubrey Chauke. One of its largest projects is a coal beneficiation contract with Australian miner South32.

Lurco has until later this week to settle the R500m bid. Louis Klopper, the business rescue practitioner tasked with dealing with some of the Gupta companies, told Netwerk24 that a foreign-owned financier, who is supporting Lurco’s bid, has transferred a part of the money last week. The rest needs to be settled by 24 October.

If that doesn’t happen, another company, Black Royalty Minerals (BRM), will buy Koor
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Johannesburg mayor Herman Mashaba announced his resignation from the DA and his job as mayor

Posted on 22/10/2019 Leave a comment

The expected resignation comes after former DA leader Helen Zille on Sunday won the vote for the powerful federal council chairperson position.

It is to our understands that Mashaba told a number of Gauteng leaders on Saturday night that he would quit his job should Zille win the hotly contested battle, which is second to the party leader position.

Zille was up against Athol Trollip, Mike Waters and Thomas Walters for the job.

It is understood that some DA leaders were trying to convince Mashaba to reconsider his position.

However, about two hours after the announcement of Zille’s victory, the City of Johannesburg issued a statement stating that Mashaba would be hosting a press conference on Monday morning. Further details were not provided.

A party insider confirmed that he had informed a group of the party’s Gauteng leaders, of his decision.

“He is resigning yesterday [Monday] … He told us Saturday that if these are the results, he is not prep
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Taxi drivers wreaks havoc in Western Cape amidst ongoing strikes and protest, disrupting traffic from major cities

Posted on 22/10/2019 Leave a comment

Western Cape taxi drivers will start their protest again this week, disrupting traffic from major cities such as Cape Town and Bellville.

Several taxi associations have begun the resistance that could be resumed this week for their dissatisfaction with Cape Town’s Traffic Department.

They claim that the Department of Traffic officials are using the taxi drivers as a target and the first wave of protests has started in the western regions of the mother city.

The taxi drivers claim that the traffic officers focus on them and strike at them with “impossibly high fines”.

Since the beginning of October, the taxis with their vehicles have blocked the roads and streets, resulting in total chaos and traffic congestion.

The situation is so bad, motorists have been urged to avoid the N2, both inbound and outbound.

Taxi protest: Here’s what we know

The revolt, led by various taxi associations, is believed to stem from their dissatisfaction with how the city
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Power shortages in SA can last up to four years due to Eskom’s inability to produce

Posted on 22/10/2019 Leave a comment

The ANC-SACP government’s long-term plan with the economy is closely linked to the supply of electricity.

The government has already published its “plan”, warning it of a so-called “immediate risk” of major electricity shortages that will arise.

To make matters worse, it is stated that the large power shortages can last for four years due to Eskom’s inability to produce.

The ANC’s plan is therefore a new failure that awaits South Africa, because plans are being made but the cause of the financial ills is clearly not being addressed, economic experts said.

With Eskom’s extremely poor planning, load shedding came down to land again, and with the ANC’s “economic plan” predicting from the outset that large power shortages would emerge, but only proving that neither the ANC regime, nor Eskom, had any idea of thorough planning and its execution, analysts said.

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Major breakthrough in murders at retirement home – Female caregiver at retirement centre is a suspect

Posted on 21/10/2019 Leave a comment

The Provincial Commissioner, Lieutenant General Liziwe Ntshinga has hailed the sterling efforts of the Mount Road Cluster Detective Trio Task Team and the Directorate for Priority Crime Investigation (Hawks) in Port Elizabeth for their incessant investigation of the double murders which took place at a retirement centre in Stella Londt Drive in Port Elizabeth.

It is alleged that on Thursday, 10 October 2019, at about 05:45, staff found two elderly women murdered in separate rooms at the Retirement Centre.

It is further alleged that during the early hours of the morning, an unknown number of suspects entered the premises through an unlocked door and security gate on the upper level of the main building in the complex.

The suspects entered the first room where they confronted Ms Agnes Elaine Burns (91). She was found on the bed with her feet and hands tied and her mouth gagged. The room was ransacked. The suspects then entered another room further down the passa
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SA’s past cannot be rewritten or changed – EFF’s motion to remove so-called colonial symbols across SA promotes racial polarization

Posted on 21/10/2019 Leave a comment

The Economic Freedom Fighters (EFF) have once again strive to remove all so-called colonial symbols from the Free State’s province. The party will table a motion containing allegations that blacks have no images of heroes in the Free State and that only white heroes are represented in the Free State, during the upcoming legislative session on October 22, 2019.

The EFF demands that historical symbols, as seen in the Fourth Council Chamber, as well as the statue of Gen. Christiaan de Wet, to be removed. In its motion, the EFF argues that the removal of these symbols will contribute to the eradication of colonialism.

Jan van Niekerk, provincial leader of the FF plus in the Free State believes that this attack on Afrikaner history contradicts nation-building and promotes racial polarization. He argues that the history of all racial groups must be respected. He adds that Gen. de Wet, however, fought against colonialism and had no involvement in the apartheid era. The FF Plus is
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ANC regime just cant resist the old folks money – State still wants to use pensioners funds as a bailout for bankrupt SOE’s

Posted on 21/10/2019 Leave a comment

The PIC group announced that they will meet in November to consider options to help the bankrupt state entity Eskom with its debt. Pensioners were given the assurance that the value of pensions would not be “wasted”.

PIC already carries almost R90 billion of Eskom’s debt and more than one million public servants’ pension is currently handled by PIC.

Economists agree that further financial advances to the power provider will not save the entity from its plight.

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SA legal system fails country’s residents – criminals get away with crimes where only 1 in 40 hijackers is charged with crimes

Posted on 21/10/2019 Leave a comment

Of the more than 16,000 hijacking incidents reported in the 2018/19 year, few of the offenders were eventually punished for their offenses.

Figures released show that one in every 40 hijackers is actually arrested and charged with their crimes.

However, it is not just the criminals who get away with their crimes, because only 9% of sex offenders end up behind bars.

Observers believe that the justice system is failing the country’s residents, and that the ineffective functioning of the police and other security forces is on the rise.

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The ANC’s plans to combat crime in SA are failing

Posted on 21/10/2019 Leave a comment

Police Minister Bheki Cele said, in particular, from his spokesman that he was encouraged by the decrease in murder cases and the increase in arrests made after murders were reported.

The minister referred only to the violence in the Western Cape, and did not mention the rising murder cases in other parts of the country.

The attempt to combat crime and especially murders in the Western Cape under the so-called Operation Lockdown, in which Army soldiers were dragged in because the police were not responsive to their task, was a success for Cele, but the increase in crime in parts of Natal and the Central Transvaal, are not made public.

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New R28.6 billion project at Ethekwini Municipality just another initiative for ANC government to waste money

Posted on 21/10/2019 Leave a comment

Another failed ANC project under the guise of the Khawuleza Model launched at the expense of impoverished taxpayers. The ruling ANC president, Cyril Ramaphosa, declared that the Khawuleza municipality and environment is the place to create jobs.

He launched the so-called metropolitan version for the Khawuleza District Development Model, which is believed to also improve communication between the government and the departments.

Ethekwini Metropolitan Municipality is expected to get R28.6 billion to initiate the Khawuleza project.

The district’s model will apparently receive the huge amount over the 5-year period for the project, and funding planning and spending will be integrated with the governments.

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