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Eskom notes credit rating downgrades

Eskom on Wednesday noted Moody’s Investor Service and Standard & Poor’s (S&P) decision to cut the utility’s credit rating. S&P lowered Eskom’s long-term foreign and local currency corporate credit rating to ‘B-’ from ‘B+’, with a negative outlook. S&P has simultaneously revised Eskom stand-alone credit profile (SACP) to ‘ccc-‘ from ‘ccc+’. At the same time Moody’s downgraded to ‘Ba3’ from …

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#WTFTUMI episodic synopses

November 29, 2017 We are counting down to the festive season and ushering us into the “big days”. On this episode of #WTFTUMI are two of SA’s biggest hit makers, Afrotainment’s DJ Tira and Ngud, hit maker and Tumi’s ultimate music crush Kwesta. Dj Merlon will help us roll the credits on the dj decks. November 30, 2017 Drinks are …

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IMC on social security making progress

The Inter Ministerial Committee (IMC) on Comprehensive Social Security Implementation says it continues to make progress in overseeing the implementation of the Constitutional Court. The Constitutional Court gave directives to the South African Social Security Agency (SASSA) to deliver a comprehensive plan to the court by 8 December 2017, detailing how it will pay more than 17 million grant recipients. …

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Public transport under scrutiny ahead of festive

Minibus taxis and buses will receive special attention this week in a pre-festive season drive to ensure that public transport vehicles are roadworthy. “Traffic chiefs from all provinces and major metros decided at a special National Road Safety Steering Committee meeting recently that traffic officers will go out this week to ensure public transport vehicle with major defects are removed …

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Wheel-chair bound shack dweller gets a house

In an effort to restore dignity and a sense of belonging, Limpopo CoGHSTA  MEC Jerry Ndou will on Thursday hand over a brand new house built with bricks and mortar to a wheelchair-bound woman living in a two-roomed shack in Phahladira Village [Ward 6] Shongwane, Lephalale, A 37-year-old Kedibone Monyeki is dependent on a meagre social grant to look after …

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Medupi Unit 4 attains Commercial Operation status

The Medupi Power Station in Lephalale is a green-fields coal-fired power plant comprising of six units rated in total at 4764 MW installed capacity.Construction activities commenced in May 2007 and the power station will have full installed capacity by 2020.Unit 5 was first synchronised to the national grid on September 8, 2016, reached full power (794 MW) on December 17,2016 and attained commercial operation on April 3, 2017.Unit 6 attained commercial operation on August 23, 2015 and was officially opened by the President Jacob Zuma on August 30, 2015.Once completed, the power station will be the fourth largest coal-fired plant and the largest dry-cooled power station in the world

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SARS dismisses reports of impropriety

The South African Revenue Service (SARS) has dismissed media reports of impropriety against Commissioner Tom Moyane. “SARS notes with deep concern media reports spreading the allegation that there has been impropriety on the part of Commissioner Moyane in dealing with the disciplinary investigation into the Chief Officer for Business & Individual Taxes, Mr Jonas Makwakwa.” In a statement on Monday, …

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Eskom rejects inquiry bribe allegations

Ethics Committee says in a satement it will institute investigations following allegations that State Security Minister Bongani Bongo has allegedly offered Advocate Nthuthuzelo Vanara a bribe to resign. Vanara is as an evidence leader in the inquiry into mismagement of state funds at state-owned enterprises. Speaker of Parliament Baleka Mbete says she personally took the affidavit from Advocate Vanara and handed it President Jacob Zuma to act on it.

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