Latest news with #R120m
The Citizen
5 days ago
- Business
- The Citizen
Middelburg reenters industrial-age with aid from continued foreign investment
Foreign investors are all looking at Middelburg to capitalise on value for their money. This was the unambiguous message echoed by all speakers at the local Chamber of Commerce and Industry's annual Eco-Industrial Zone Investment Conference, which was hosted at the banquet hall yesterday. The highlight of the summit was the signing of an investment deal between Nkangala Energy and Hyundai. The deal is worth R5b in forex influx. Nkangala Energy has plans to construct a gas power plant with a capacity of 860MW. The Steve Tshwete Local Municipality will receive the direct investment of R5b from the project. Approximately R120m will be invested by Nkangala Energy in skills development and training. Nkangala Energy plans to aid in the shift from coal to renewable energy, generating 1 200 temporary jobs during construction and 520 permanent jobs in the value chain. The investment signals ongoing foreign interest in the town, with Veralogix saying the Indian manufacturer of Mahindra has already committed to establishing a Mahindra assembly plant in town. The conference was held in partnership with Columbus Stainless, Absa, the Veralogix Group, and the Steve Tshwete Municipality. The event focused on exploring investment opportunities and driving sustainable industrial growth. Chamber CEO Anna-Marth Ott said the conference marks a shift towards the creation of Special Economic Zones (SEZ) in Middelburg, where businesses in such zones take responsibility to package and promote their respective zones, wherein funds, skills and materials can be shared to boost the zones, and amplify foreign and domestic investment. Ott invites all local businesses to register with the chamber to form part of the planning committee for SEZ establishment. The chamber has already done all the necessary research, including draft by-laws, to forge ahead with SEZ establishment. Buy-in from local businesses is, however, crucial to ensure the momentum of the project. A pre-conference tour on Thursday offered participants a chance to visit Columbus Stainless and Duvha Power Station. Other speakers included Absa executives, the Spanish Chamber of Commerce and Mayor Mhlonishwa Masilela's office was represented by MMC Grace Mathibela. • More details on the summit will be published in next week's Middelburg Observer.
The Star
6 days ago
- Sport
- The Star
What are Orlando Pirates not saying about Relebohile Mofokeng?
As the rumours continue to swirl about the future of star Orlando Pirates striker Relebohile Mofokeng, it's worth taking a closer look at the statement from the club on the player. Pirates were quick to rubbish reports on July 16 that PSV had made an offer of R120m for the 20-year-old. According to Mofokeng's market value is around R33 million. In a 178-word statement on its website, Pirates went on the offensive to say no such offer had been received by the club. It ended the statement with the line: 'We call upon all media outlets to refrain from publishing unverified reports that seek to create instability for the sake of clicks.' What was revealing about the statement though, is that nowhere did it say something to dispel rumours that Mofokeng may in fact be leaving the club. Instead, it targeted the publication for publishing the story and the amount in question. Surely if the club wanted to stamp out rumours about Mofokeng, it would add that Mofokeng is committed to his future at the club?
IOL News
23-07-2025
- Sport
- IOL News
What are Orlando Pirates not saying about Relebohile Mofokeng?
Orlando Pirates have denied reports of a R120 million offer from PSV for striker Relebohile Mofokeng, but their statement did not address his future at the club, leaving uncertainty about his potential departure. Picture: Itumeleng English/Independent Media Image: Itumeleng English/Independent Media As the rumours continue to swirl about the future of star Orlando Pirates striker Relebohile Mofokeng, it's worth taking a closer look at the statement from the club on the player. Pirates were quick to rubbish reports on July 16 that PSV had made an offer of R120m for the 20-year-old. According to Mofokeng's market value is around R33 million. In a 178-word statement on its website, Pirates went on the offensive to say no such offer had been received by the club. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Statement Addresses Media Reports Without Dispelling Rumours About Mofokeng's Future It ended the statement with the line: 'We call upon all media outlets to refrain from publishing unverified reports that seek to create instability for the sake of clicks.' What was revealing about the statement though, is that nowhere did it say something to dispel rumours that Mofokeng may in fact be leaving the club. Instead, it targeted the publication for publishing the story and the amount in question. Surely if the club wanted to stamp out rumours about Mofokeng, it would add that Mofokeng is committed to his future at the club? Pirates' Silence on Player Rumours: Monnapule Saleng's Absence and Mofokeng's Future Uncertain It's not the first time Pirates have done little to prevent rumours starting about their players. For over six months, there was no word on Monnapule Saleng. The star player was inexplicably absent from the Pirates team since December 7. There had even been rumours that Saleng might join rivals Kaizer Chiefs at one point, and yet Pirates did not address such reports. Only when he was loaned out to Orbit College earlier this month did the public get any clarification on his future. As for Mofokeng, whether he continues to ply his trade for Pirates remains to be seen; all we know is how much money hasn't been offered for the young talent. @Michael_Sherman IOL Sport
The South African
17-07-2025
- Sport
- The South African
Kaizer Chiefs news: Lost relationship and new midfielder
It's fair to say Kaizer Chiefs have lost a reliable recruitment relationship following the abrupt sale of SuperSport United to the newly formed Siwelele FC. The now-defunct SuperSport United had become a trusted talent pipeline for Kaizer Chiefs, supplying three signings in just two years. While it was a free transfer, the relationship came to life in 2023 with the arrival of Botswana international Thatayaone Ditlhokwe, who joined Amakhosi that year. The centre-back quickly established himself as a mainstay in Amakhosi's defence before he was sold to Al-Ittihad in Libya last term. Orlando Pirates respond to R120m Mofokeng news In January 2025, the two clubs agreed on the sale of striker Tashreeq Morris, who signed a two-and-a-half-year contract with the Soweto giants. Known for his physical style and attacking instincts, Morris was brought in to add experience and presence to the frontline… Full story here. R20 million paid into Kaizer Chiefs bank account? Former Kaizer Chiefs midfield ace, Willard Katsande, believes the Betway Premiership giants have signed a gem of a midfielder in Siphesihle Ndlovu. Kaizer Chiefs bolstered their squad ahead of the 2025/26 season, adding Ethan Chislett, Flavio Silva, Thabiso Monyane, Paseka Mako, Nkanyiso Shinga, and, notably, Siphesihle Ndlovu, signed from the now-defunct SuperSport United. According to Katsande, Ndlovu is the standout deal. As a former captain and midfield enforcer at Amakhosi, Katsande's opinion carries weight. His endorsement of Ndlovu speaks volumes about the club's recent activities in the transfer market. Siphesihle Ndlovu in the colours of SuperSport United against Kaizer Chiefs at the FNB Stadium. Image: IOL 'He's my boy. Because you can see the way he poses. Trust me, I've been a fan of him for some time,' Katsande said… Full story here. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
