Author: Agency
Umalusi has officially launched the newly implemented online application system for the replacement of lost or damaged certificates. The Council for Quality Assurance in General and Further Education and Training, Umalusi, recently held a webinar under the theme, ‘Innovatively replacing your lost or damaged certificate issued by Umalusi’. It announced that candidates can now access the system from anywhere via a cellphone or personal computer to apply directly to Umalusi to replace their lost or damaged certificates. The new system has significantly reduced the turnaround time and costs involved in replacing a lost or damaged certificate. At the cost of…
The South African Reserve Bank (SARB) has established South Africa’s first deposit insurance body to protect bank depositors and bring further confidence to a resilient financial sector. The Reserve Bank said the Corporation for Deposit Insurance (CODI) became a legal entity as of 24 March 2023, as set out in the commencement schedule published by Finance Minister Enoch Godongwana. “The commencement schedule outlined the dates at which the resolution and deposit insurance provisions in the Financial Sector Laws Amendment Act 23 of 2021 (FSLAA) come into operation. The FSLAA was signed into law by President Cyril Ramaphosa in 2022,” the…
President Cyril Ramaphosa has directed Transnet to implement reforms swiftly and completely to turn around the crisis in South Africa’s logistics system. “Transnet must quickly embark on a clear path to take us out of this crisis and ensure that the operation of our railways and ports contributes to the growth of our economy,” the President said. He met with the members of the Transnet board and the executive management team at the Union Buildings in Pretoria on Tuesday to discuss the challenges facing the country’s logistics system, including the declining performance of the freight rail network. During the State…
National Hawks head, Lieutenant General Advocate Godfrey Lebeya, says the Directorate for Priority Crime Investigation (DPCI) will begin to focus its attention on ensuring that the country deals with compliance obligations raised by the Financial Action Task Force (FATF) when it greylisted South Africa last month. To achieve this, Lebeya said the Hawks will collaborate with other agencies both at the national and international levels. The Lieutenant General made the commitment on Friday while delivering a public update on the Directorate’s operations in the third quarter of the 2022/2023 financial year. This comes after South Africa was put on a…
A man has been sentenced to 15 years imprisonment by the Musina Regional Court after being found guilty of tampering with essential infrastructure, theft of cable copper relating to essential infrastructure and illegal immigration. National Prosecuting Authority (NPA) Limpopo regional spokesperson, Mashudu Malabi-Dzhangi, said 30-year-old Shepard Munorwa and an accomplice – who managed to escape – were caught stealing cables which disrupted service delivery to a private farm. “During the trial, the accused pleaded not guilty to the offences. In aggravation of sentence, the state prosecutor Jan Krijt submitted that the country is currently experiencing unprecedented levels of cable theft…
South Africa government says it notes S&P Global’s decision to revise South Africa’s credit rating outlook to stable from positive on Wednesday evening. According to S&P, economic growth in South Africa is facing increasing pressure from infrastructure constraints, particularly severe electricity shortages. In reaction, Treasury said, reforms to address infrastructure shortfalls and to improve governance and performance at State-owned enterprises (SOEs) are slow, weighing on growth, while contingent liabilities from SOEs pose continued downside risks to South Africa’s fiscal and debt position. “However, the agency acknowledges that the fiscal position improved in the fiscal year 2022 as revenue rose, thanks…
Africa must be given the space to transition from high carbon usage to low carbon at a pace and cost that it can afford, says Minister of Mineral Resources and Energy Gwede Mantashe. The Minister was speaking at the Africa Energy Indaba held in Cape Town on Tuesday. “Their voice [African people] on the Energy Transition must be heard. That is the voice that says, energy production in Africa must be aligned to Africa’s socio-economic development. This means that there must be a balance between energy demand for socio-economic development and energy supply that is premised on low carbon emissions.…
President Cyril Ramaphosa has announced Dr Kgosientsho Ramokgopa as the new Minister in the Presidency for Electricity. The announcement of the newly established position was made by the President during an address to the nation on Monday evening. President Ramaphosa said in his new role, Ramokgopa’s primary goal will be to drive government’s programme of significantly reducing the “severity and frequency of load shedding as a matter of urgency” and to expedite government’s work to ensure the full implementation of the Energy Action Plan. “To effectively oversee the electricity crisis response, the appointed Minister will have political responsibility, authority and…
Government has introduced a R9 billion tax relief programme to support South Africa’s clean energy transition, increase electricity supply and limit the impact of consistently high fuel prices. The programme was on Wednesday unveiled by Finance Minister Enoch Godongwana while delivering the 2023 Budget Speech at the Cape Town City Hall. In addition, the budget provides inflation-related adjustments to the personal income tax tables, the retirement tax tables, transfer duties and excise duties for alcohol and tobacco. The 2023 Budget Review report indicates that while R4 billion in relief was provided for households that install solar panels, R5 billion was…
Government spending on infrastructure is expected to reach some R903 billion over the next three years with state owned companies contributing the lion’s share to this investment. This was announced by Finance Minister Enoch Godongwana when he delivered the Budget Speech at the Cape Town City Hall on Wednesday. The Minister said at least R448 billion of this will be spent by state owned companies and entities through public partnerships. “Infrastructure investments lay the foundation for inclusive and sustainable growth; they address supply-side constraints; and expand access to basic services. “Overall, the public sector is projected to spend R903 billion…