Latest news with #R3.2bn
TimesLIVE
5 hours ago
- TimesLIVE
Tampa Bay Rays' Wander Franco guilty of sexually abusing minor but gets suspended sentence
Prosecutors said the acts took place in his native Dominican Republic and involved payments and travel arrangements that constituted exploitation. 'The court has understood she was manipulated,' judge Jakayra Veras said before the sentence was read. The victim's mother was also convicted on Thursday and sentenced to 10 years in prison and issued a fine equal to 30 payments of the country's minimum wage. The attorney general's office had requested a prison sentence of five years for Franco and 10 for the girl's mother. Franco had been under investigation since August 2023 and was placed on administrative leave by the MLB. Once considered one of baseball's top young prospects, Franco signed an 11-year, $182m (R3.2bn) contract extension with the Rays in 2021. He has not played in the major leagues since being placed on leave.
eNCA
3 days ago
- Business
- eNCA
Eskom waives interest and penalties for City of Johannesburg
JOHANNESBURG - The lights won't go off in the City of Gold. The agreement comes after Eskom warned in November that it would cut off power to Johannesburg residents over a disputed R4.9 billion debt. City Power and Eskom have reached a settlement over the City of Johannesburg's exorbitant electricity debt. WATCH | City Power, Eskom reach R3.2bn settlement to stop Joburg blackouts threat The City will settle R3.2 billion rand over the next four years. Eskom has also agreed to waive interest, penalties and other charges amounting to R830 million rand. Energy analyst, Chris Yelland, from EE Business Intelligence spoke to eNCA.
TimesLIVE
3 days ago
- Business
- TimesLIVE
City Power agrees to payment plan with Eskom
Electricity minister Kgosientsho Ramokgopa on Tuesday said Johannesburg's City Power will pay R3.2bn over four years to Eskom. This after a court-ordered mediation process that led to a report by the South African National Energy Development Institute. An agreement has also been reached for Eskom to write off R830m in penalties and related costs.
