Region B CRUM continues with service delivery campaign around Randburg
Read more: Randburg Service Delivery Centre collection drive aims to recover over R30m by disconnecting City Power customers who aren't paying
CRUM, with various other city departments, such as: Johannesburg Road Agency (JRA), social development, building control, environmental health, and others, took over Windsor East, fixing potholes, cleaning, and checking some of the buildings.
The Windsor area has been left behind, battling with numerous challenges. During the campaign, roads in the area got painted and signs were installed. Illegal operating schools were visited, and notices were issued. Old buildings were cleaned and social development profiled homeless individuals, making efforts in linking them to shelters, and facilitating reunification with families where possible.
Among other findings, were creches and day cares that are operating without registrations, and not in suitable buildings. An illegal school, which comprises a primary and high school, was found in one of the complexes in Windsor East. They were issued a notice by Environmental Health Services for non-compliance with the school health regulation.
Ward 98 councillor Beverley Jacobs welcomed the campaign. 'As a councillor, I serve as the voice of my community. The challenges my residents face are regularly raised on the platforms available to me, namely in regional ward councillor forums and committees. When these long-standing concerns are finally acknowledged, through interventions like the high impact service delivery initiative, it is welcomed.'
She further stated that these measures are temporary, but they are a step in the right direction, and a sign that persistent advocacy can lead to action. 'This is not a sustainable method for service delivery. Sustainability lies in two critical areas: Residents taking ownership of their environment, and the municipality implementing a structured, long-term maintenance plan.
Also read: Fontainebleau resident hopes for better service delivery
'Operations like this play an important role in highlighting and recording ongoing service delivery challenges. They also serve to educate the public on the scale of the municipal issues faced.'
This is the third week of the campaign, and the second week spent fixing some of the challenges around the Randburg area. Region B CRUM director Sello Lemao explained that this campaign means that they will be doing things differently. 'This programme, was actually started in Region F. If you were to go there, you would have seen that there's a lot that has been done. From bad buildings, to all those illegalities in that city. My region has been neglected a bit and has many challenges, especially when it comes to service delivery.'
He added that Region B is where there are high-rate payers and most of the amenities, or facilities, of the City of Johannesburg. 'The city has been decaying and not been doing well in service delivery. It is time the city also focuses on this region. I have to bring up resources, and focus on this region in different wards weekly. We need to see sustainable service delivery.'
Follow us on our Whatsapp channel, Facebook, X, Instagram and TikTok for the latest updates and inspiration! Have a story idea? We'd love to hear from you – join our WhatsApp group and share your thoughts!
Related article: Resident concerned about lack of service delivery
At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Bullish prices IPO at $37 per share, valuing crypto exchange above $5 billion ahead of market debut
Cryptocurrency exchange operator Bullish (BLSH) is set to go public Wednesday at a valuation north of $5 billion as the IPO market looks set to continue a strong summer. The company, which operates a crypto exchange and owns the prominent trade publication CoinDesk, said Tuesday that it had priced its IPO at $37 per share, above the $32-$33 range the company had expected in its second shot at making a public market debut. Bullish first attempted to go public via a SPAC merger in 2021 that would have valued the company at $9 billion, but the deal fell through after regulatory scrutiny and Bullish withdrew its registration. This is the company's second range increase for its latest offering, with the previous $32-$33 per share estimate raised from an earlier range of $28-$31 per share. At 30 million shares offered, the IPO price will see Bullish raise $1.1 billion and value the fintech company at $5.41 billion. The company will be looking to ride the outsized success of recent go-publics like Figma (FIG) and Circle (CRCL) and serve as the latest sign the IPO window remains wide open after a few challenging years for investors. Through Wednesday, 2025 has so far seen 133 IPOs come to market worth more than $50 million, up more than 58% from the same time last year, according to IPO tracker and ETF operator Renaissance Capital. Ahead of its IPO, Bullish has already garnered major institutional interest, with asset management giant BlackRock and Cathie Wood's investment firm fund Ark Invest have expressed interest in purchasing up to $200 million worth of shares in the offering, according to securities filings. "We now intend to IPO because we believe that the digital assets industry is beginning its next leg of growth," said Bullish CEO Thomas Farley, previously COO and president of the NYSE Group, in a letter to investors about Bullish's offering. "I believe that the digital assets industry is at the inflection point of institutional adoption and Bullish is uniquely positioned at the center of this market. The compliant, institutional- focused market infrastructure model is time-tested and works, and Bullish is proud to be the one bringing this proven framework to the crypto landscape." Bullish's main business comes from its Bullish Exchange, a digital assets spot and derivative exchange geared toward institutional-sized clients. The operator processed an average $2.6 billion in daily volume through Q1, according to the company's prospectus. Bullish is also riding the coattails of this year's hot streak of fintech IPOs. When USDC stablecoin manager Circle Internet Group went public in June, its shares soared by 168% in their first day of trading. And while the price has come down, the stock is still up more than 130% since inception. Design software maker Figma popped even higher in its end-of-July offering, rocketing upward by more than 250% in its first day, though its price has now come back to earth, up a little more than 2% since inception. AI infrastructure provider CoreWeave (CRWV) is up more than 280% since its March debut, while digital assets and blockchain services firm Galaxy Digital (GLXY) is up more than 18% since its own May offering. Bullish is also riding a rally in major cryptocurrencies this year. Bitcoin (BTC-USD) is up more than 28% since the beginning of the year, and ETH (ETH-USD) is up more than 40%. Ripple's XRP (XRP-USD) is up more than 57%. The public offering comes as the latest sign that Wall Street's prediction for a lethargic IPO market in 2025 was off the money. Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 minutes ago
- Yahoo
Here's Why Upslope Capital Management Reinitiated a Position in Evercore (EVR)
Upslope Capital Management, an investment management company, released its second-quarter investor letter. A copy of the letter can be downloaded here. The second quarter proved to be strong for the fund on both an absolute and relative basis due to strong performance backed by the market turbulence surrounding April's Tariff announcement. The fund returned +8.9% (net) in Q2 compared to +6.5% and +4.1% for the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index, respectively. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its second-quarter 2025 investor letter, Upslope Capital Management highlighted stocks such as Evercore Inc. (NYSE:EVR). Headquartered in New York, New York, Evercore Inc. (NYSE:EVR) is an investment banking company. The one-month return of Evercore Inc. (NYSE:EVR) was 4.77%, and its shares gained 29.92% of their value over the last 52 weeks. On August 12, 2025, Evercore Inc. (NYSE:EVR) stock closed at $307.88 per share, with a market capitalization of $11.884 billion. Upslope Capital Management stated the following regarding Evercore Inc. (NYSE:EVR) in its second quarter 2025 investor letter: "FTI Consulting (FCN) and Evercore Inc. (NYSE:EVR) – New Longs: Upslope has owned FTI Consulting (leader in restructuring and dispute advisory) and Evercore (top independent M&A advisor) in the past. The Fund recently re-initiated positions in each of these companies. While they are bets on polar opposite outcomes (Evercore is very pro-cyclical, while FTI is the most counter cyclical publicly traded company I follow), expectations for each appear modest. This was and remains especially true of FTI – although it's more understandable as the company is going through some turmoil (employee turnover/retention challenges) in one of its non-core segments. Nonetheless, the unique macro environment – on/off trade war, the very pro-cyclical 'One Big Beautiful Bill,' lingering inflation, massive regulatory and technological (e.g. AI) uncertainty and change – should ultimately provide significant opportunities for both businesses ahead." A close-up of a professional in a suit discussing financial transactions. Evercore Inc. (NYSE:EVR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held Evercore Inc. (NYSE:EVR) at the end of the first quarter, which was 44 in the previous quarter. Evercore Inc. (NYSE:EVR) reported adjusted net revenues of $834 million in Q2 2025 increased 21% from Q2 2024. While we acknowledge the potential of Evercore Inc. (NYSE:EVR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Evercore Inc. (NYSE:EVR) and shared the list of the best dividend stocks. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 minutes ago
- Yahoo
Here's What Justified Alibaba's (BABA) Appreciation Over Time
JDP Capital Management, an investment management company, released its 'Survivor & Thriver Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The beginning of 2025 marked one of the most challenging starts to a market year since the COVID outbreak. Following a decline of more than 20% in March and early April, the S&P 500 demonstrated one of the quickest V-shaped recoveries ever, regaining all of its losses by June. In this environment, the fund was up 19.2% in 2Q and 16.8% in the first half of 2005, outperforming the S&P 500's 10.6% gain in 2Q and 6.2% gain in the first half, including dividends. For more information on the fund's best picks in 2025, please check its top five holdings. In its second-quarter 2025 investor letter, JDP Capital Management highlighted stocks such as Alibaba Group Holding Limited (NYSE:BABA). Alibaba Group Holding Limited (NYSE:BABA) provides technology infrastructure and marketing reach. The one-month return of Alibaba Group Holding Limited (NYSE:BABA) was 5.78%, and its shares gained 54.05% of their value over the last 52 weeks. On August 12, 2025, Alibaba Group Holding Limited (NYSE:BABA) stock closed at $122.42 per share, with a market capitalization of $291.891 billion. JDP Capital Management stated the following regarding Alibaba Group Holding Limited (NYSE:BABA) in its second quarter 2025 investor letter: "Beyond near-term earnings, large Chinese tech companies often hold substantial stakes in other leading tech companies that they once funded. Alibaba Group Holding Limited (NYSE:BABA), for instance, trades at a ~$270 billion market cap but holds ~$85 billion in equity investments on its balance sheet. This includes a 33% stake in Ant Group, regarded as China's dominant fintech platform and often compared to a combination of Amazon, Visa, and PayPal. If Ant were to IPO at the roughly $200+ billion estimated valuation, Alibaba's stake would be worth ~$60 billion, or about 25% of its current market capitalization. While Alibaba's core e-commerce growth is under pressure, the balance sheet holdings are attractive enough to help justify a doubling of BABA over a reasonable period of time." An e-commerce platform displaying a wide range of products to customers online. Alibaba Group Holding Limited (NYSE:BABA) is in 17th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 125 hedge fund portfolios held Alibaba Group Holding Limited (NYSE:BABA) at the end of the first quarter, which was 107 in the previous quarter. While we acknowledge the potential of Alibaba Group Holding Limited (NYSE:BABA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Alibaba Group Holding Limited (NYSE:BABA) and shared the list of most profitable NYSE stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
