Eskom ‘is open to anything’ for funds


PowerLines

Eskom was planning to tap new debt sources to fund two of the world’s four largest coal-fired plants, it said yesterday.

“We really are open to anything,” Caroline Henry, the head of the utility’s treasury unit, said last week.

“It’s about growing diverse access to the market, both internationally and domestically, and making sure you can tap many different opportunities.”

Eskom plans to sell R60 billion of bonds in the next five years to fund expansion to overcome a power shortage that temporarily shut mines and businesses in 2008.

Eskom got its biggest loan from the World Bank at $3.75bn (R30.4bn) to help pay for the Medupi and Kusile power plants, which will each produce about 4 800 megawatts.

Eskom saw a “massive market” for sukuks, or Islamic bonds that pay returns on assets to comply with the religion’s ban on interest, said Paul O’Flaherty, Eskom’s finance director.

For more http://www.iol.co.za/

Make Mandela Day a holiday: union


iol news pic mandela day 2012 logo resized

Johannesburg – Mandela Day on July 18 should be a public holiday, the Independent Municipal and Allied Trade Union (Imatu) said on Wednesday.

General secretary Johan Koen said the union had written to President Jacob Zuma stating its case for the day becoming an annual public holiday.

“Every year South Africans are reminded of the 67 years of his life that (Former President) Nelson Mandela gave fighting for the rights of humanity, equality, justice and democracy all South Africans enjoy today,” Koen said in a statement.

On July 18, Mandela’s birthday, people celebrate his contribution by spending 67 minutes doing something to help others.

Koen said if it was a public holiday, people could dedicate more than 67 minutes to worthy causes.

“Nelson Mandela is not only a living legend, but he also represents the qualities of compassion, determination and unity we must strive for as a nation to make a better South Africa for all.” – Sapa


For more details http://www.iol.co.za

Afcon draw tomorrow


African interest will fall on Johannesburg on Thursday when the draw for the final round of qualifiers for the 2013 Afcon finals takes place at Emperors Palace.  

Thirty countries divided into Pot A and Pot B will go into the draw that will determine the final qualification route for next year’s continental showpiece to be staged in the country from January 19-February 10.
 
Pot A which has all the seeded teams based on showings at the last three editions of the Afcon finals after the second round of qualifiers has Algeria, Angola, Burkina Faso, Cameroon, Ivory Coast, Gabon, Ghana, Guinea, Equatorial Guinea, Mali, Morocco, Nigeria, Sudan, Tunisia and Zambia.
 
Pot B has Botswana, Cape Verde Islands, Central Africa Republic, Ethiopia, Liberia, Libya, Malawi, Mozambique, Niger, DR Congo, Senegal, Sierra Leone, Togo, Uganda and Zimbabwe.
  
The 30 countries that go into the draw will produce 15 winners that will join host nation South Africa early next year.
 
A two legged system of home and away final round of qualifiers will be played on September 7-9 and October 12-14 will determine who goes into the 16 teams finals draw on October 26.
  
CAF has truncated the qualification process for next year’s finals after the tournament’s premier football meeting – held every two years – was moved to every odd year to avoid it’s every second edition falling in the same year as the World Cup.
 
The draw will be minus record winners Egypt who were bundled out by Central Africa Republic in the second round and join Congo Brazzaville as the only previous winners out of the running for a place in the finals.
 
CAR and Cape Verde are actually the only countries out of the 30 in the final qualifying draw to have never qualified for the actual finals.
 
The winner of next year’s Afcon will go on to play in the Fifa Confederations Cup in Brazil later on in the year.  

For more go to http://www.kickoff.com

Oscar to run in individual 400m


iol spt july4 OscarP

Pic: Reuters

Johannesburg – Double amputee Oscar Pistorius will compete in the individual 400 metres and the 4×400 relay team for South Africa at the London Olympics, a member of the country’s Olympic federation said on Wednesday.

Tubby Reddy, chief executive of South Africa’s Sports Confederation and Olympic Committee (Sascoc), said Pistorius’s inclusion in the relay team meant he will also be able to take part in the 400m individual race.

“He was named in the Olympic team (in the 4×400 relay) and then the question arose as to whether he was allowed to run the 400 and he can because he is part of the team,” Reddy told Reuters in a telephone interview. – Reuters

For more http://www.iol.co.za/

Physio cheat must repay R2m to state


iol news pic Jurry Sehunoe

Phil Magokoe

A physiotherapist who pleaded guilty to fraud and money laundering has been ordered by the Pretoria Commercial Crime Court to repay R2.1 million to the Department of Labour’s Compensation Fund.

Jurry Sehunoe, 34, pleaded guilty last year to 15 counts of fraud and 26 counts of money laundering.

He was charged with Maxwell Ramaphosa and Samuel Mfeleng, both of whom are former employees of the department.

It was alleged that Ramaphosa and Mfeleng worked in collaboration with Sehunoe to claim money for patients who had not been seen by Sehunoe or who did not exist.

Last year, Sehunoe admitted to having received large sums of money that were channelled into his personal bank account and those of his businesses. These included a driving school and a construction company.

Sehunoe told the court he was prepared to compensate the Department of Labour for the money deposited fraudulently into his accounts.

After Sehunoe pleaded guilty, the trial of Ramaphosa and Mfeleng was separated and transferred to the Pretoria Magistrate’s Court.

For more http://www.iol.co.za

Money paid for hit, I heard boss saying


grant smith

A former City Bowl Armed Response paramedic overheard a conversation in which her ex-boss, Grant Smith, allegedly confirmed that money had been arranged to kill his then-partner, Alan Kusevitsky, the Cape Town Regional Court has heard.

For more http://www.iol.co.za

 

Deputy editor challenges ‘liar’ to sue


mmemezi

Put up or shut up.

This was the challenge set by The Star’s deputy editor, Kevin Ritchie, in an interview on Talk Radio 702 today – a day after Gauteng Local Government and Housing MEC Humphrey Mmemezi went on air to deny allegations of fraud, nepotism and bad management.

Ritchie and journalist Baldwin Ndaba, who is behind the investigation of Mmemezi’s alleged corrupt activities, were invited to put forward their side of the story on air after Mmemezi’s interview yesterday, when the MEC threatened to sue The Star, claiming ongoing reports were a “smear campaign” against him.

For more detail go to http://www.iol.co.za

Pippie out of hospital


iol news 04 jul SA st pippie discharged pic

Pic: Chris Collingridge

Pippie’s “day daddy”, paediatric ICU nurse Simphiwe Mabaso, spooned chocolate custard into the toddler’s mouth. He lovingly wiped the excess from around the lips of the little burn victim, coaxing her when she wouldn’t open wide.

Mabaso, Pippie Kruger’s favourite day nurse, was among a host of Netcare Garden City Hospital staff members who needed to say goodbye to Pippie today as she left the hospital after seven months. She was taken to the Netcare rehabilitation centre in Auckland Park.

For more http://www.iol.co.za/

Torture bill will affect all officials


torture

Independent Newspapers

The Prevention and Combating of Torture of Persons Bill could see all public officials – including teachers, nurses and prison warders – liable to be charged with torture.

Several civil society groups held a seminar about the bill on Tuesday.

The bill refers to torture as “any act or omission by which severe pain or suffering, whether physical or mental, is intentionally inflicted by a public official or any person acting on behalf of a public official”.

Valdi van Reenen-Le Roux, Trauma Centre director, said the fact that the bill applied to all public officials was significant.

For more http://www.iol.co.za/

Zuma not a man of the people


sa zuma transport

Pic:INLSA

President Jacob Zuma recently abandoned his motorcade and boarded a packed Metrorail train in Pretoria before he changed to the Gautrain to Joburg and then via Rea Vaya to Soweto.

As usual, Zuma was in a buoyant mood, flashing his trademark wide, toothy grin as he mingled easily with the admiring masses and some bemused commuters as he switched from one public transport mode to another.

He showed his common touch as he expressed his empathy for the plight of passengers relying on overloaded trains and Rea Vaya buses to and from their workplaces.

For more http://www.iol.co.za/