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Sinkhole on N3 disrupts traffic between Peacevale, Hammarsdale

by | May 12, 2022 |

The South African National Roads Agency Limited on May 11 advised that only one lane was open on the N3 southbound after the Key Ridge interchange after a sinkhole formed, causing major traffic congestion from Peacevale to the Hammarsdale interchange, in KwaZulu-Natal. “Two lanes, including the shoulder lane, have been cordoned off with barriers and only one traffic lane is open,” said Sanral eastern region operations and maintenance manager Dudley Mbambo.

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Airline sale for R51 keeps it a financial burden for South Africa

by | May 12, 2022 |

South Africa’s decision to sell a majority stake in the country’s loss-making national airline for R51 represents an ongoing financial risk to the state as the terms were skewed heavily toward the buyer, the National Treasury said. The finer print of the deal that saw the Takatso Consortium take a 51% shareholding in South African Airways (SAA) last year represents a “contingent liability,” the Treasury said in a document emailed to Parliament’s Standing Committee on Public Accounts that was later withdrawn.

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SA Canegrowers assists 21 000 small-scale sugar growers as industry faces headwinds

by | May 11, 2022 |

Contributions by sugarcane organisation the South African (SA) Canegrowers made up a significant portion of R225-million that was distributed to small-scale growers in January, after funds were distributed to help combat severe challenges that continue to plague the industry, including cheap foreign imports, the Health Promotion Levy (HPL or sugar tax) and the unrest in July 2021. SA Canegrowers has assisted its 21 000 small-scale growers, the vast majority of small-scale growers in the industry.

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SAA remains a financial burden for South Africa, Treasury warns

by | May 11, 2022 |

South Africa’s decision to sell a majority stake in the country’s loss-making national airline represents an ongoing financial risk to the state as the terms were skewed heavily toward the buyer, the National Treasury said. The finer print of the deal that saw the Takatso Consortium take a 51% shareholding in South African Airways last year represents a “contingent liability,” the Treasury said in a document emailed to Parliament’s Standing Committee on Public Accounts that was later withdrawn.

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