Author: Agency

The government has noted and welcomed Moody’s decision to affirm South Africa’s long term foreign and local currency debt ratings at ‘Ba2’ and revise the outlook to stable from negative. The National Treasury on Friday said according to Moody’s, the key driver behind the decision to change the outlook to stable is the improved fiscal outlook that raises the likelihood of government’s debt burden stabilising over the medium term. “In addition, over the last two fiscal years, government has shown it was able to reprioritise its spending while staying committed to fiscal consolidation, which Moody’s expects will remain the case…

The Department of Transport has again extended the grace period for renewing expired driving licences to 15 April 2021. This comes as the deadline for the renewal of expired driving licences ended on 31 March 2022. In August 2021, Transport Minister, Fikile Mbalula, announced the extension of learner’s licences, driving licence cards, temporary driving licences, and professional driving permits for a grace period ending on 31 March 2022. This was part of government measures in response to the lockdown in the management of COVID-19. Updating the media on the deadline for the extension of licence validity in Midrand on Friday,…

At least 27 people alleged to be involved in a fraudulent passport syndicate have appeared in the Krugersdorp Magistrate’s Court on charges of corruption. National Prosecuting Authority (NPA) Gauteng regional spokesperson, Phindi Mjonondwane, explained that the alleged syndicate relied on South Africans selling their identities to them in exchange for a sum of money. “Law enforcement authorities received a tip-off about the alleged passport making syndicate that works with Home Affairs officials, to identify South Africans that are willing to sell their identities for R500. The SA citizen’s details would then be used to produce a passport for foreign nationals…

President Cyril Ramaphosa says South Africa is ripe with opportunities for among others, trade, investment and tourism. The President was addressing the South Africa Day celebrations at Expo 2020 Dubai in the United Arab Emirates where Team South Africa is presenting all of its goods and services to prospective consumers and investors. The visit to the country comes fresh after the SA Investment Conference nabbed at least R332 billion in investment pledges. “The benefits of doing business in South Africa are immense indeed. We have a strong and well-regulated financial, banking and taxation system, world-class IT infrastructure, and a range…

The national Department of Transport is well on track with the production of outstanding driving licence cards. In a statement on Thursday, the department said the bottleneck experienced between November 2021 and January 2022 will be cleared off by April 2022. The renewal backlog that was experienced due to the COVID-19 pandemic grace period will be cleared off by September 2022. The following regulation will apply in due course: motorists who apply to renew their driving licence cards before 31 March 2022 will have their driving licences valid for a further three months on condition that they are in possession…

Investors have once again affirmed South Africa as an attractive investment destination, as they have committed to investing in the country’s economy at the fourth South Africa Investment Conference (SAIC). With the many companies that made new investment commitments at this year’s morning session of the conference, which is currently underway on Thursday, President Cyril Ramaphosa said they do so because they see opportunity in the country. “Despite the impact of the [COVID] pandemic, by the time of the third South Africa Investment Conference in 2020, we had raised a total of R774 billion in investment commitments,” President Ramaphosa said.…

As South Africa continues along the path of reconstruction and recovery, President Cyril Ramaphosa has called on investors, entrepreneurs and business people to be a part of the journey. President Ramaphosa said that investors need to know that their investments are secure, that the operating environment is stable, and that they are supported by policy certainty and regulatory safeguards. The President said this when he addressed the fourth South African Investment Conference (SAIC) on Thursday at the Sandton Convention Centre, in Johannesburg. The President initiated the SAIC annual event in 2018 in an effort to secure domestic and inbound investment…

Breakdowns and shut downs at Eskom’s power stations has led to the implementation of Stage 2 load shedding. According to the power utility, at least seven units were affected – putting the power grid under severe pressure. “Medupi Unit 3 broke down, necessitating load shedding to be [implemented]…continuously until 5am on Wednesday. This adds to the multiple generating unit failures that occurred over the past 24 hours and has severely reduced available generating capacity. “Since [Monday] morning, a unit each at Matla, Kendal, Matimba, Kusile and Grootvlei power stations tripped, while a unit each at Arnot and Hendrina power stations…

Higher Education and Training Minister, Dr Blade Nzimande, has called on all employers to open their workplaces for the placement of Technical Vocational Education and Training (TVET) college students. In the same vein, the Minister urged employers to give workplace exposure to TVET college lecturers, so that they can train students in what is currently needed by industry. “The primary aim of these placements is to assist the transition of our young people from learning to working,” Nzimande said on Friday at a  briefing on learning and training opportunities provided through Sector Education and Training Authorities (SETAs). He reaffirmed the…

The National Skills Fund (NSF), in partnership with the Presidency, has allocated R100 million towards the Presidential Youth Employment Initiative, which will benefit 4 500 learners in the digital learning space. Briefing the media on learning and training opportunities provided through the Sector Education and Training Authorities (SETAs) on Friday, Higher Education, Science and Innovation Minister, Dr Blade Nzimande, said the NSF has committed R200 million to the employment creation initiative between the Department of Higher Education and Training and the Department of Employment and Labour, through the Unemployment Insurance Fund (UIF). Nzimande said the project will benefit more than…