DA welcomes RAF CEO Collins Letsoalo's placement on special leave
The placement of Road Accident Fund CEO Collins Letsoalo on precautionary leave is a long-overdue but necessary step to ensure that the Special Investigating Unit (SIU) can conduct its preliminary investigation without interference or influence, the DA said on Wednesday.
The transport department said the decision was in the interest of good governance and a precautionary step to facilitate ongoing investigative processes.
'It does not imply any prejudgment or adverse finding against the CEO.'
The DA said Letsoalo's temporary removal from office must facilitate full transparency and accountability, particularly in light of serious allegations concerning the RAF's governance failures, financial mismanagement and possible misconduct.
Briefing the standing committee on public accounts (Scopa) last month, the SIU said it had experienced a lack of co-operation from the RAF in its investigation into the affairs of the entity.
'There were instances where the SIU had to resort to opening a criminal case against a RAF executive for failure to adhere to a lawful subpoena issued by the SIU in terms of the SIU Act,' SIU head Any Mothibi said last month.
The DA said the ministry of transport's support for the decision to place Letsoalo on leave must be followed by full co-operation with Scopa and law enforcement agencies.
'The precautionary suspension of the CEO is just the beginning. The DA will not rest until justice and good governance are restored at the RAF.'
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IOL News
2 hours ago
- IOL News
Transnet secures R51 billion bailout to enhance South Africa's rail and port infrastructure
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'The facility will enable Transnet to refinance maturing debt and ensure the organisation's continued access to adequate resources and facilities to be able to continue its operations as well as fund the capital investment programme for the foreseeable future.' Dave Watts, a maritime consultant, said that the communication from Transnet does not make clear how much of the R51 billion guarantee will be used to roll over or refinance current debt and how much will be used for increased borrowing. 'Clearly the state guarantees are critical in enabling the organisation to continue as a going concern and provide ongoing services to the SA Logistics sector and broader economy.' Watts added that refinancing maturing debt was not paying debt off; however, it was essential that there was sufficient working capital to enable ongoing operations and capital investments. Video Player is loading. 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Advertisement Next Stay Close ✕ Ad loading 'Investment in infrastructure and equipment will, in the long run, enable volume and revenue growth, providing the ability to reduce the corporation's substantial debt burden. It is critical for the entire economy that there are sufficient funds to enable Transnet not only to continue operations but to sustain and expand on its current capital expenditure programme.' Malcolm Hartwell, Norton Rose Fulbright director and master mariner, said that Transnet will use the bailout in part to refinance maturing debt, which was reported to be in the region of R120 billion earlier this year. 'It is also going to be used to pursue public sector participation (PSP) transactions being implemented in the port and rail networks. Transnet's capital debt, which has grown significantly over the last decade, is one of the obstacles Transnet faces in its attempt to revitalise the rail and port facilities. Much of its income is being used to service that debt and a bloated wage bill, which has not been helped by its recent agreement with the majority unions on wage increases or its ongoing dispute with United National Transport Union (UNTU) regarding wage increases." Hartwell added that the effect of this is that Transnet has not been in a position to invest at all in maintenance of existing infrastructure or building new infrastructure. 'In part, this has driven Transnet's recent enthusiasm to embrace PSPs, which have seen the signing of a number of agreements for terminal operations in Durban and Richards Bay and its invitation to the private sector to invest in rail operating agreements. The guarantee, which hopefully is closely protected by criteria to ensure that the money is properly invested in infrastructure rather than in wages, has to be welcomed by everybody involved in the logistics network. 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'Given all of the well-publicised recent initiatives, however, it seems likely that the guarantee will help Transnet revitalise the rail and port facilities to enable South Africa to continue to be the gateway into Africa.' A maritime consultant who did not want to be named said that a large portion of the Government bail-out will unfortunately have to be utilised for the purposes of reducing the debt with International Funders secured in EUROS and not all for the acquisition of new equipment. 'This will also unfortunately result in a less than optimum impact of the bail-out on improved operations. For maximum impact on operations, the Government should have a qualifier to the bail-out of the nature that it should largely be used for the acquisition of new equipment.' BUSINESS REPORT Addition reporting: DAILY NEWS


Mail & Guardian
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Mail & Guardian
2 hours ago
- Mail & Guardian
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Some of my Twitter, now X, followers have said the building sways when gale-force winds blow, and sometimes, a window or two has blown out. Did you know that the original plan was to build 17 of these towers at the base of Table Mountain? And have you ever wondered why three towers of this size were allowed to be built this high and so close to the base of Table Mountain? There is, of course, a fascinating story behind all of my above questions. Back in the 1960s and 1970s, Cape Town was dealing with a 'white housing' shortage under apartheid. More housing needed to be built specifically in areas designated for white residents. In an effort to speed up construction and encourage development, the government suspended many building restrictions and relaxed zoning regulations in white group areas. Developers took full advantage and started building much taller buildings than was previously allowed. Cape Town then experienced a surge in high-rise developments. 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The son of the National Party finance minister at the time — Nico Diederichs — was a junior partner in the company that developed Disa Park. The conspiracists say his involvement could have also contributed to these controversial towers being built at this location. Today, those towers remind us of a complicated era — one where architectural ambition often trumped environmental and social ethics. But they also reflect how policy shapes our skylines, for better or worse. Other notable buildings built during this cowboy period of development include Blouberg Heights, an extremely tall block that stands out like a sore thumb in the coastal suburb's landscape. Blouberg Heights, built in the 1970s, is 17 storeys high and is on Sir David Baird Drive in Bloubergstrand, Cape Town. It is the only building of its kind in this area, as other structures are much lower. Gardens Centre Tower is on Mill Street and Upper Buitenkant Street, Gardens, Cape Town. It was also built in the 1970s during this era of the 'white housing' crisis. It was completed in 1973, measuring 81m with 22 floors. This erf was once the home of the International Hotel before it was transformed into a residential tower with a shopping centre component. Last, the well-known Twin Towers in Sea Point were also built during this period of relaxed regulation. These two identical towers are right next to each other on Beach Road. All this was done in the name of alleviating the housing shortage for the white people, who were the only ones permitted to live in these areas. It's crazy to think that these developments were all built as a solution to a housing crisis at the time, yet their effect on the Cape Town skyline will be experienced by so many generations to come. They've left a significant imprint on the city's urban history. Perhaps they are a fundamental lesson for us all when it comes to the sustainability and essence of urban planning and design. Not all buildings are pretty. Not all histories are happy. But they all deserve to be heard. The concrete and steel don't just support floors. They support stories. They tell us who we were, how we lived, and if we're paying attention, what we should carry forward. Sometimes in our rush to innovate, we forget to anchor. We want smarter buildings, ROI, the latest tech and green ratings. Buildings shouldn't only help us move forward; they should also help us look back. Urban development should always listen to a place's heartbeat before changing its face. In the end, people don't remember square metres. They remember how a place made them feel. How a room held their joy or sorrow. How a view reminded them of something they'd forgotten. Ask Ash examines South Africa's property, architecture and living spaces. Continue the conversation with her on email (