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PetroSA’s BEE loophole

@City_Press 20 April 2014 10:00

The multibillion-rand Project Ikhwezi of the Petroleum Oil and Gas Corporation of SA (PetroSA), a state-owned company, is operating on shaky legal ground after Mineral Resources Minister Susan Shabangu withdrew its production right.

Going up: Trader Anthony Carannante (left) works on the floor of the New York Stock Exchange. Major US stock indexes rose in afternoon trading on Thursday (April 17 2014) as investors reacted to quarterly results from a batch of local companies. Google, IBM and insurer UnitedHealth were among the biggest losers, while General Electric and Morgan Stanley were among the largest gainers.

Picture: Richard Drew/AP

IDC sets sights on shale gas

@City_Press 18 April 2014 13:27

Mining and chemical industries still hold a large portion of the Industrial Development Corporation’s (IDC) portfolio but there has been a conscious effort to shift to renewable energy sources, the service sector and quite possibly, shale gas.

Richard Maponya’s SA-Brazil training college ‘stuck’ in red tape

@City_Press 17 April 2014 13:02

Soweto-born business baron Richard Maponya says training young people to be artisans and teaching them to use their hands would help alleviate the unemployment problem in the country.

Hot or Not

  • This Week

    Hot:

    National Assembly Speaker Max ­Sisulu for at least setting up the ad hoc committee to consider the ­president’s submission on the ­Nkandla matter. His ANC colleagues wanted the issue buried and ­forgotten, but Sisulu has ensured it will be transparently considered by a multiparty committee, even if the ANC has a majority in Parliament.

    Not:

    Clearly a high-profile individual accused of murder deserves high-class treatment from our government. The R2.9 million spent on a private jet to fly Shrien Dewani to the country from the UK shows the justice department paid way too much. We all want justice in this matter, but several cheaper options could have been explored.

  • Previous Weeks

    Hot:

    Police constable Beauty-Queen Nchabeleng donned a school uniform and posed as a pupil to catch a brutal serial rapist in Limpopo. She was among the winners at the SAPS’ annual National Excellence Awards late last week – a well-deserved honour for an officer who went above and beyond to remind us just how much good cops can achieve.

    Not:

    Shinawaaz Ahmento and Kyle Fredericks, both 21, were convicted and sentenced this week for
    the rape and murder of young Eldorado Park mother Tracey-Lee Martins. The two posed for
    reporters outside court, grinning proudly as though they were at a party. Criminals as self-made
    celebrities? Sickening.

  • Previous Weeks

    Hot:

    Female leaders in the ANC don’t often publicly challenge the sexism that’s endemic across the political spectrum. Defence Minister Nosiviwe Mapisa-Nqakula deserves praise for defending Public Protector Thuli Madonsela. She criticised those in the alliance who decried Madonsela’s “big nose”, saying Madonsela’s detractors should play the ball, not the woman.

    Not:

    Reading up on a subject lends credence to anyone who wants to speak with authority on a matter. So ANC parliamentary chief whip Stone Sizani should have known better when he called a press ­conference to discuss Public ­Protector Thuli Madonsela’s report on Nkandla spending. Sizani had not read the report.

  • Previous Weeks

    Hot:

    During the course of the Nkandla ­investigation, Public Protector Thuli Madonsela was stymied, bullied, insulted and threatened by governing party leaders and supporters.
    She stood her ground and proceeded to fulfil her duties of safeguarding the public interest. South Africans are ­fortunate to have someone of her integrity and courage in that office.

    Not:

    How does one begin to describe Thulas Nxesi? Puppet? Suck-up? Manipulator of truth?
    As the frontline man in the defence of the Nkandla plunder, Nxesi has dreamt up wild stories that would make residents of the Weskoppies mental institution envious. He is really working hard to hold on to his R2 million salary.

  • Previous Weeks

    Hot:

    We think the ANC needs more elders like Ben Turok, who was bold enough to question the party’s inclusion of the likes of Dina Pule on its parliamentary candidate list despite damning findings against her by the Public Protector and Parliament’s ethics committee. Turok has challenged the ANC to uphold the best standards of ethical conduct.

    Not:

    A year ago, the Mkhondo municipality in Piet Retief dug holes for toilets but left them open. The
    incessant rain filled the open holes and two-year-old Innocent Mambane drowned in one this week. Whatever answer the municipality supplies as to why it left the holes open, it will never bring back little Innocent.

Friends & Friction: Oscar trial takes Brand SA global

15 April 2014 10:00

Yes sir. Yes ma’am. We’ve hosted them all and we’ve hosted them well. The rugby World Cup, the World Summit on Sustainable Development, the 2010 Fifa World Cup and now the marathon trials of Oscar Pistorius and Shrien Dewani.

News

Quotable

We are grateful to the Almighty for the achievements that our country has scored since the dawn of freedom.
President Jacob Zuma during the Universal Church of the Kingdom of God’s Easter service at Joburg’s Ellis Park Stadium

Lighter Side

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