NewsBank (Business Day (Johannesburg, South Africa))
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CYRIL RAMAPHOSA
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Master plan has no solutions for gas crisis
The load-shedding crisis could have been avoided. The government was warned two decades ago of the disaster that was to come if it did not make timely investments in new generation capacity. But it didn’t listen until it was too late.
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LOGISTICS Port inefficiencies must not be allowed to spoil citrus exports Operations have improved since 2023, but the industry has been preparing for potential bottlenecks
Millions of cartons of citrus will in coming weeks make their way to SA’s ports as citrus season starts to ramp up. But a serious obstacle stands in the way of getting a record volume of our high-quality citrus to overseas markets: underperforming ports.
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TRIATHLON How her baby inspired mom Vicky to the Paris Games
Prodigious young sporting talent, a devoted parent, professional parachuting… and with everything pointed to 2024’s Paris Olympics.
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Big push to keep lights onPresidency says 22GW of new private power is due to come online
Editor at Large
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ANC retracts resolution to control party funding Funding resolution withdrawn
Parliamentary Correspondent
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RESPONSIBLE LENDING Fintechs plugging the gap for greater financial access
Ninety-eight percent of South Africans are now financially included, according to the Financial Sector Conduct Authority’s (FSCA) SA retail financial customer behaviour and sentiment report for 2023. But high financial inclusion does not mean the work is done.
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AGRICULTURE, FUEL AND MANUFACTURING KAL Group’s first-half earnings rise 7%
Agriculture, fuel and manufacturing company KAL Group, formerly Kaap Agri, has reported a 7% rise in headline earnings for the first half.
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New apartheid kills jobs
Duma Gqubule has hit one between the eyes ("Ramaphosa’s ludicrous pledges on more jobs are insulting", May 7).
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Platinum set for ‘biggest shortfall in a decade’ Platinum set for ‘biggest deficit’
Companies Editor
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Another soft US jobs report boosts mood
Markets Reporter
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WE GO AGAIN No rhyme or rhythm in sport, just randomness
In The Shining Girls, Lauren Beukes’ extraordinary novel, there are four sentences, pearls of wisdom, that could be used to describe the discombobulating improbability that is sport: "There are patterns because we try to find them. A desperate attempt at order because we can’t face the terror that it might all be random. He is undone by the revelation. He has the sense of losing his footing, as...
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Bosses’ bums remain in the butter Hollywood CEOs win big despite their companies’ annus horribilis
As repeatedly reported over the course of the year, 2023 was a difficult year for Hollywood, oft described as an annus horribilis during which profits plummeted and output flatlined as the industry’s big plans for a post-Covid comeback were hamstrung by the effects of the writers’ and actors’ strikes.
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Botswana vows to protect its interestsBotswana to protect its interests in Anglo bid
Deputy Editor
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TRADING UPDATEMTN Uganda reports robust Q1 performance
MTN Uganda has reported a strong operational performance for the first quarter, driven by solid growth in its voice, data and fintech business units.
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Hack delays release of Nampak’s interims Post on dark web points to involvement of LockBit 3.0
Packaging supplier Nampak has delayed the release of its interim results after a cyber incident in March, which affected its IT systems.
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BETRAYAL OF WORKERSCosatu is condoning the widening public sector pay gap
SA’s mounting debt burden is escalating into a humanitarian disaster as the cost of servicing our interest bill fast approaches R1bn a day.
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PORTS AND RAILTransnet recovery plan ‘on track’ with aim of breaking even by 2025
olitical Reporter
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Riveiro bullish on second place’It will be exceptional … We are going to give it our all by being solid’
Their fate is not entirely in their own hands, but Orlando Pirates coach Jose Riveiro is confident his team will finish second in the Premier Soccer League (PSL) and qualify for the Champions League next season.
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CRICKET Proteas’ Sabina Park dates revealed
The Proteas will play all three of their T20 internationals against the West Indies at Sabina Park in Jamaica in the last week of May.
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RECONSTRUCTIONCost to rebuild parliament set at R3bn for now
Parliamentary Correspondent
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Hide nothing
Hide nothing from the masses of our people. Tell no lies. Expose lies whenever they are told. Mask no difficulties, mistakes, failures. Claim no easy victories ..."
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RUGBY Stormers beef up with recovered reinforcements to battle Dragons
The Stormers will unleash some of their fit-again reinforcements in Friday’s United Rugby Championship (URC) clash against the Dragons in Newport.
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Surprise fall in manufacturing raises risk of GDP contractionStats SA data shows this was due largely to big automotive sector setback
Energy Correspondent
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Party founder distances MK from Zuma’s hearingsJabulani Khumalo submits affidavit to top court
On the eve of the Constitutional Court hearing over former president Jacob Zuma’s eligibility to stand for parliament, uMkhonto weSizwe (MK) party founder Jabulani Khumalo has submitted an affidavit to court distancing the party from Zuma’s stance in the case, saying the party would abide by any decision the court came to.
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TECHNOLOGY Lesaka reduces its net loss in third quarter
Lesaka Technologies reduced its net loss in the third quarter, as revenue rose 9% in rand terms.
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PAYMENT PLATFORM Standard Bank extends PayShap to corporates
Companies Editor
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STREAMINGFive things for you to watch
THE FINAL: ATTACK ON WEMBLEY — NETFLIX
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Save Shell forecourt jobs
I am aware that there are 6,000-10,000 employees in service stations held by Shell’s SA operating company ("Shell to keep upstream operations in SA but quits forecourts", May 6).
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Slow growth a red flag, advances aside