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Govt eyes staff cuts, hiring caps after wage deal Govt eyes staff cuts, hiring caps after wage deal
Published: 22 Jun 18
Government is considering layoffs and early retirement packages for staff in the public sector to avoid breaking its pledge to cut spending after unions clinched above-inflation wage increases, the Treasury said on Friday. Under a deal reached in May, the government will raise salaries of public sector employees, including teachers, police, and nurses, by up to 7 percent this year and by 1 percent above inflation in the two years after that.
More must be done for youth development, job creation – Mabuza
Published: 22 Jun 18
The Human Resource Development Council (HRDC) should be able to contribute meaningfully in answering why South Africa’s unemployment rate remains stubbornly high, at 27.7%, Deputy President David Mabuza said on Friday.   Addressing delegates at the twentieth HRDC meeting, in Johannesburg, he noted that, last month, Statistics South Africa (Stats SA) had painted a bleak picture about the status of young South Africans, showing that one in three young people were not in employment, education or ...
IDC denies politically connected elite has ‘hijacked’ black industrialist scheme IDC denies politically connected elite has ‘hijacked’ black industrialist scheme Has PDF
Published: 22 Jun 18
South Africa’s Industrial Development Corporation (IDC) has defended the integrity of the credit approval processes for its flagship Black Industrialist Programme and has given the assurance that the scheme has not be captured by individuals with connections to the governing African National Congress (ANC), as suggested in a recent media report. The programme, which is aligned with government’s Industrial Policy Action Plan, has become a core feature of the State-owned development finance institution’s lending activities in recent years. In 2017/18, approvals of R7.9-billion were made under the scheme out of total approvals of R16.7-billion.
Zambia shortlists ten firms for 100 MW solar projects
Published: 22 Jun 18
Zambia has shortlisted ten regional and international companies to build a total of 100 MW of solar electricity projects by 2020, the director of the project said on Friday. Zambia is heavily dependent on hydropower and following a drought in 2016, an electricity shortage hit Africa's No.2 copper producer, forcing it to ration power supply to the mines.
Arid cities urged to adopt climate responsive design solutions
Published: 22 Jun 18
A new research report by multinational professional services firm Arup highlights the need for cities in arid and semi-arid climates, like Cape Town, to not only manage their scarce water resources better, but to promote smarter ways of living in arid urban environments through climate responsive design and infrastructure solutions. The report, entitled ‘Cities Alive: Rethinking Cities in Arid Environments’, outlines key principles in shaping city-building in arid regions for the twenty-first century.
IFC signs $34m financing agreement for Zambia solar project
Published: 22 Jun 18
The International Finance Corporation (IFC) has signed a $34-million financing agreement with Enel, the Industrial Development Corporation of Zambia and the European Investment Bank for the construction of the 34 MW Ngonye solar plant, in Zambia.
Saldanha Bay aquaculture development zone gets green light Saldanha Bay aquaculture development zone gets green light
Published: 22 Jun 18
The proposed sea-based Aquaculture Development Zone (ADZ), in Saldanha Bay, in the Western Cape, has been granted an environmental authorisation.
AfDB launches index to drive improvements in electricity regulatory environment AfDB launches index to drive improvements in electricity regulatory environment
Published: 22 Jun 18
The African Development Bank (AfDB) this week launched its Electricity Regulatory Index (ERI) at the Africa Energy Forum 2018, in Mauritius.
Seychelles parliament blocks planned Indian naval base on remote island
Published: 22 Jun 18
Seychelles parliament will not ratify a pact allowing India to build naval facilities on one of the archipelago’s islands, a top foreign affairs ministry official said on Friday. The two countries signed an agreement in January to build military facilities on the remote island of Assumption, but the project quickly attracted criticism from opposition members of the tiny Indian Ocean nation’s parliament and lead to public protests.
Kenya Airways to restart hedging to counter oil price volatility
Published: 22 Jun 18
Kenya Airways' immediate biggest challenge is oil price volatility, and the airline will restart price hedging, its chief executive officer said on Friday. "The volatility of the oil price has been really tremendous. Addressing this is of utmost concern," Sebastian Mikosz told a news conference after the company's annual meeting.
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