Trump's tariffs threatened key SA sectors
These will take effect on 1 August.
To help better understand the impact, Thina Nodada, the Managing Director of Way Maker Trade Solutions, spoke to eNCA.
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TimesLIVE
27 minutes ago
- TimesLIVE
'We are making progress,' says Papo on ANC Gauteng's regional conferences
The ANC's Gauteng provincial task team (PTT) has announced that preparations are under way for the four regions expected to go to conference. PTT co-ordinator Hope Papo said they have made 'good progress,' in meeting the targets announced by party secretary-general Fikile Mbalula earlier this year on the guidelines to be met before a region being eligible for internal elections. The four regions, Greater Johannesburg, Greater Tshwane, Ekurhuleni and Sedibeng, are expected to hold conferences to elect new leadership this year. Papo said the regions reported making inroads on the political education front, saying the foundation course mandated for branches to undergo has been well received. 'More than 140 branches in both Johannesburg and Ekurhuleni have made significant strides in completing the five foundation course modules, reinforcing a culture of ideological work and political discipline. More work is continuing at branch level to implement the foundation course.' Hailing the course as a cornerstone of the party's long-standing renewal agenda, he added that the PTT has resolved to ensure that all outstanding branches conclude the modules as expected. Another standard set for eligibility is community outreach, which the party believes will help it reconnect with voters at the grassroots level. 'Through Letsema campaigns and other programmes, branches are reconnecting with communities, addressing local concerns, and rebuilding trust with the people,' he said. Papo conceded that the consolidation of recruitment remains a challenge, but said that their upper structures are looking to rectify the issue. 'Though there are still teething problems with the ANC online membership system, they are being attended to daily by the ANC national organising and membership department working directly with regions and branches. Efforts have been and are continuing to be made through the new ANC online membership system to ensure accuracy in branch membership information ahead of BBGMs and BGMs.' The conferences are scheduled to be held between July and August. However, Papo indicated that previously communicated conference road maps may be altered, indicating a possible change to some of the dates. 'Where necessary, RTTs should rework their conference road maps to ensure maximum participation of branches. We will also intensify support to RTTs to ensure unifying and credible conference processes. 'That will include working with branches and regions to gather all the facts to subject cases of disruption of a few BBGMs to disciplinary processes of the organisation. No one has a right to deny ANC members their right to meet and exercise their internal democratic processes.' These internal contests will be crucial for the party, as the regional leaders elected are will be spearheading Luthuli House's campaign to claw back electoral support during the upcoming local government elections. The PTT reported that they recognise the need to consolidate organisational readiness for the upcoming local polls. Papo revealed that the task team has established a provincial list committee in line with guidelines set by the party headquarters. 'A full-time provincial elections machinery is being established, supported by a structured campaign strategy focused on targeting areas of electoral decline, including suburbs and historically marginalised communities, strengthening by-election performance, party agent training, and deployment logistics and intensifying youth-focused campaigns through increased voter registration, ID drives and sectoral outreach.'
IOL News
27 minutes ago
- IOL News
Postbank asks Parliament to push for R1. 7bn funding
Postbank has only been separated from the Post Office operations and systems which are legacy systems not for banking. Image: Supplied Postbank CEO Nikki Mbengashe on Wednesday revealed the urgent need for R1.7 billion to maintain capital adequacy, following a challenging 18 months in which the bank has already expended more than R500 million of its own revenue to sustain operations. Mbengashe underscored the bank's necessity for R600m for direct operations, with the remainder serving as a guarantee in alignment with the South African Reserve Bank's (Sarb) regulatory requirements. "With the money we have made, we have spent more than R500m in the last 18 months to two years. We've been able to establish a new call centre, we've got visibility, we are partnering with retailers, we have built in new systems," she said. "We need a little bit more to build on that. The R1.7bn fulfills the sub-regulatory requirements to ensure that we keep that amount to qualify for capital adequacy." 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Next Stay Close ✕ Discussing the broader role of Postbank, Mbengashe highlighted the continued exclusion within South Africa's banking system, with more than 7 million individuals still unbanked. Mbengashe noted the importance of upgrading legacy systems inherited from Post Office operations to ensure compliance and enhance banking capabilities. "We must not underestimate the impact of having a State bank and commercial banks. It's never one or the other, mandates are different. If we can collaborate on the closed Post Office infrastructure, absolutely we can. We are still to an extent using the Post Offices, but they do need to upgrade because we are regulated and need to be compliant, and therefore, there needs to certain compliance matters," she said. "Postbank has only been separated from the Post Office operations and systems which are legacy systems not for banking. We are on a journey to build proper banking systems. We have already invested R500m. That is why we are here asking for more money so that we can digitise and get better at what we are doing." Addressing the issue of housing loans, Mbengashe pointed out a critical gap in the current system—while banks may offer home loans, they often do not meet all applicants' needs. "Banks can currently give you a home loan but they never qualify or close the 100% gap. What do we do with the people who only qualify but still need a certain amount? The house they are targeting needs to close a gap of the 10% or 20%, someone needs to close that 20% gap, we absolutely agreed that should be serviced by the Postbank," she said. "The Postbank has the service, the capability, the compliance and the auditability to do that. That's why we recognised that Sassa should come to us. A customer has an option in terms of where you bank. Therefore, we are not mandating and forcing anyone. We offer something that differentiates us from the private sector." Postbank Administrator, Khaya Ngema, expressed strong optimism about the bank's potential impact on economic growth and inclusion, saying it was fundamentally viable with serious growth potential and with smart investments. "A successful Postbank is bursting to make an impact on economic growth and inclusion as it will unlock the currently poorly-served micro-businesses and unlock communities and sectors that are marginalised," Ngema said. "A successful Postbank will have a good impact on government delivery systems, particularly in supporting modernisation and efficiency of government payment systems. This is not taking from commercial banks." BUSINESS REPORT
Eyewitness News
29 minutes ago
- Eyewitness News
Gauteng ANC wants comprehensive report into murders of several municipal officials
JOHANNESBURG - The African National Congress (ANC) in Gauteng wants a comprehensive report from law enforcement authorities on investigations into the murders of several municipal officials. This was sparked by the recent gruesome murder of the Ekurhuleni Metro's senior auditor, Mpho Mafole. Mafole was shot on the R23 highway in Kempton Park by unknown gunmen. During a media briefing in Johannesburg on Wednesday, the ANC in Gauteng condemned the targeting of municipal officials. Earlier this month, Eyewitness News reported that the murder of senior city of Ekurhuleni Auditor Mpho Mafole was connected to his investigation into the disappearance of R2 billion. Just days before his assassination, Mafole had submitted a report and charge sheet outlining those implicated in the metro's R2 billion shortfall. African National Congress Gauteng co-convenor, Hope Papo, warned that the ongoing killings of auditors and municipal officials would deter others from carrying out their duties diligently, out of fear for their safety. "The Gauteng premier, Panyaza Lesufi, must urgently engage law enforcement agencies to get a report on the cases currently being investigated and to request closed cases to be reopened in all regions." In Tshwane, an ANC ward councillor was recently killed in a hail of bullets.
