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UN Global Campaign for Road Safety launched in South Africa

Published: 15 May 24

In support of national and local authorities’ road safety initiatives, the UN Secretary-General's Special Envoy for Road Safety Jean Todt, in partnership with outdoor advertising company JCDecaux, on May 15, launched the UN Global Campaign for Road Safety under the hashtag #MakeASafetyStatement. The launch of the campaign in South Africa is part of UN efforts to raise public awareness of life-saving initiatives on the road.

President Cyril Ramaphosa signing the controversial NHI Bill into law at a Union Buildings ceremony

Ramaphosa acknowledges fear over NHI but describes signing as ‘pivotal moment’

Published: 15 May 24

President Cyril Ramaphosa acknowledged the fear that his signing of the National Health Insurance (NHI) Bill into law had generated in and address during a signing ceremony held at the Union Buildings on Wednesday. However, he described the NHI as an opportunity to break with the prevailing inequality in the health system and called on stakeholders to work with government to make it work.

Seifsa, unions commit to addressing access to housing for sector employees

Published: 15 May 24

The Metal and Engineering Industries Bargaining Council (MEIBC) negotiations have concluded with a 7% wage increase over the next year for entry-level workers in the metals and engineering industry and a 6% wage increase over the next year for skilled workers. Entry-level workers will receive a 6% wage increase during the subsequent two years until June 30, 2027, and skilled workers will receive a 5% increase over the same two-year period. The increases are based on the minimum rates of pay, and not on the actual rates of pay.

Persistent corruption concerns reflect letdowns during sixth administration – Corruption Watch

Published: 15 May 24

Nonprofit monitoring organisation Corruption Watch (CW) has confirmed in its latest report that there are significant concerns about the impact of corruption in the country, particularly a marked lack of confidence in the efficacy and ability of law enforcement agencies to tackle corruption. The report, titled ‘The impact of corruption: insights from a perceptions and experiences survey’ has been informed by interviews with more than 1 500 respondents over a two-month period across all provinces.

Tribunal orders Emfuleni municipality to provide documents to Cape Gate in excessive pricing matter

Published: 15 May 24

The Competition Tribunal has ordered the Emfuleni local municipality to provide various documents to steel producer and electricity consumer Cape Gate, which alleges that the municipality excessively charged it for electricity in 2016/17. In its answering affidavit to the tribunal, the municipality denied the allegations against it. The tribunal has granted Cape Gate’s discovery application and has ordered the municipality to provide documents which the municipality had objected to producing during the discovery process and which it tendered but failed to produce.

An image of Nedbank Corporate Social Responsibility executive head Poovi Pillay

Nedbank launches R10m Indalo Fund

Published: 15 May 24

Finance institution Nedbank on May 15 announced the launch of the R10-million Indalo Fund at the Indalo Inclusive Symposium at the Council for Scientific and Industrial Research in Pretoria. The Indalo Fund is designed to change the way entrepreneurs are funded, creating a pipeline of viable businesses that will be ready to attract high-ticket investment, Nedbank points out.

Stellantis assembly-plant site being readied for construction – dtic

Published: 15 May 24

The Coega Development Corporation (CDC) has started to prepare the site at the Coega Special Economic Zone for the construction of the new Stellantis vehicle-assembly plant, says the Department of Trade, Industry and Competition (dtic). The CDC is supplying the land on which the factory will be built.

Absa partnering with development finance agency to help East African coffee farmers

Published: 15 May 24

South African banking group Absa and the International Finance Corporation (IFC – part of the World Bank group) will jointly provide a commodity trade finance facility, worth up to $60-million, to a leading global green coffee merchant, Volcafe. This facility will strengthen Volcafe’s operations in East Africa and support thousands of coffee farmers in that region, by providing working capital for the purchase of coffee cherries (the fruit from which the coffee beans are extracted) from ...

An automotive component factory in the TASEZ

Tshwane Automotive SEZ celebrates training of first cohort of youth

Published: 15 May 24

The Tshwane Automotive Special Economic Zone (TASEZ) on May 14 celebrated the first cohort of 526 local youths trained in safety, health, environment and quality to participate in different parts of the automotive value chain. These skills were critical in all aspects of the automotive value chain, said TASEZ CEO Dr Bheka Zulu.

Itac makes strides in investigation of active yeast dumping from Zim

Published: 15 May 24

The International Trade Administration Commission (Itac) has asked the South African Reserve Bank to impose provisional duties on imports of active yeast originating in or imported from Zimbabwe for six months while further investigation into allegations of dumping is under way. Itac has been investigating the alleged dumping of active yeasts originating in or imported from Zimbabwe since August last year.