Archive for October 7th, 2010

source: Mmegi
MBONGENI MGUNI
Staff Writer

Aviva Corp has advised its shareholders that it is not likely to recover the P64 million spent thus far in developing the 1, 000-megawatt coal-fired plant and coal export project at Mmamantswe in the Kgatleng District.

The Australian resource development company first hit local shores in June 2007 via an agreement with citizen-owned Mawana Minerals. Under the deal, Aviva earned 90 percent equity in the project through the fulfilment of various conditions such as exploration expenditure.

Nearly three years to the day, Aviva has announced that while its expenditure in Mmamantswe has earned it the 90 percent stake, the 10.1 million Australian dollars spent on the project will be unrecoverable.

“During the year ended 30 June 2010, the carrying values of exploration assets were reviewed for impairment,” says the company in its recently released [continue reading]

source: IOL
October 6 2010 at 11:54pm

Cape Town – Ratepayers will end up paying for Cape Town stadium’s operating costs after Sail Stadefrance walked out on a 30-year lease to manage the property.

“We do not have final numbers on what this will cost the ratepayer. In the end it will be up to the citizens of Cape Town on whether they come to the stadium to support the teams and events,” the city’s acting mayor Ian Neilson told reporters on Wednesday.

The city will take over management of the R4.4-billion stadium.

Sail Stadefrance said it had projected “substantial losses” if it took up the project.

Sail Stadefrance Operating Company (SSOC) chief executive Morne du Plessis said “unresolved matters” affecting the viability of [continue reading]

source: Mmegi
EPHRAIM KEORENG
Staff Writer

The Ministry of Labour and Home Affairs has hailed the media for rolling out information to the public on e-passports and other services by the ministry.

Speaking at a media meeting organised by the ministry’s public relations office, labour and home affairs spokesperson Osesenaqa Lekgoko said the media is a key stakeholder that plays an important role in her ministry’s mandate.

She said the persistence of the media and the tough questions they asked helped the ministry in communicating to the public and unpacking information on the new passport.

She said they have embarked on an ambitious response time limit of two days. That is, they would respond to media queries in two days or [continue reading]

source: SW Radio Africa
By Tichaona Sibanda
6 October 2010

South Africa’s Home Affairs ministry is failing to cope with the huge influx of Zimbabwean immigrants wishing to regularize their stay before the 31st December deadline.

As a result officials from the Home Affairs ministry will on Friday meet with the stakeholders forum, a consultation platform to allow NGOs, human rights organizations and Zimbabwe’s political parties, based in South Africa, to engage with the South Africans. This meeting is expected to review the exercise, amidst calls from Zimbabweans for an extension to the deadline.

The South African government last month gave Zimbabwean immigrants, estimated to be around three million, until year end to regularize their stay or face deportation. This followed a cabinet decision in [continue reading]