Latest news with #R400m
The Citizen
4 days ago
- Climate
- The Citizen
Gauteng water outage: Here's how long it could take water to be restored after maintenance
The maximum restoration timeline means that even after maintenance work concludes on 21 July, some areas may not see normal water supply return until early August. Johannesburg residents face a challenging period ahead as major water infrastructure maintenance work is set to disrupt supplies across multiple areas from early June through July, with water restoration potentially taking up to two weeks after each maintenance phase concludes. Rand Water will undertake extensive maintenance operations from 3 June to 21 July 2025, affecting several Johannesburg Water systems and leaving residents with reduced pressure or complete water outages during the seven-week period. The bulk water supplier's infrastructure work will impact critical supply systems serving areas from Sandton to Soweto. Johannesburg Water has warned residents that recovery will not be immediate once maintenance concludes. 'After each maintenance has been completed, it will take maximum 14 days for the system to fully recover, and for normal water supply to return,' the utility stated. Preparation efforts underway With the extensive maintenance period approaching, Johannesburg Water is urging residents to begin water storage preparations immediately. The utility said it would establish alternative water supply points at strategic locations within residential areas, though residents are strongly encouraged to store water independently to reduce strain on the system. 'Residents can store water a few days before the start of the maintenance, to ease the impact on reservoirs & towers,' Johannesburg Water advised. It recommended the use of clean containers with tight lids stored in cool, dark places, with consideration for pets and cooking needs. ALSO READ: Rand Water spends R400m yearly on maintenance as 107-hour winter programme begins Palmiet system disruption The maintenance schedule begins with work on the Palmiet System on 3 June 2025. It will affect: Sandton Systems, Alexander Park Reservoir, South Hills Tower, Randjieslaagte Reservoir, Linksfield Reservoir, and Midrand Systems. This initial phase will run from 06:00 to 16:00 on 3 June, involving Klipriviersberg isolation for cleaning and inspection, reducing pumping capacity to 67 percent for ten hours. ALSO READ: Municipal water crisis 'nothing to do with bulk water supply', says minster at LHWP reopening Extended Eikenhof system maintenance The most significant disruption will affect the Eikenhof System, serving the Commando System including: Hursthill, Brixton and Crosby areas, Lenasia Systems, Randburg and Roodepoort Systems, Soweto Systems, Crown Gardens Reservoir, Eagles Nest Reservoir, and Aeroton Reservoir. This maintenance will occur in two phases, both beginning on 30 June 2025 at 05:00. The first phase, concluding on 2 July at 05:00, involves pipe leak repairs at the Rand Water Zuikerbosch Plant. During this period, pumping will cease entirely for six hours, then increase to 50 percent capacity for 42 hours, before reaching 80 percent for the remaining 19 days. Simultaneously, a second Eikenhof System maintenance operation will run until 21 July 2025, focusing on cleaning sedimentation tanks at the Rand Water Vereeniging Plant. This work will follow the same pumping reduction schedule, with no pumping for six hours, followed by 50 percent capacity for 42 hours, then 80 percent for the remainder of the period. ALSO READ: Gauteng residents warned to brace for major water disruptions this week Zwartkojes system work The Zwartkojes System will experience complete pumping cessation during valve replacement work at Zwartkopjes Station from 30 June at 05:00 until 2 July at 07:00. This will affect: Crown Gardens, Eagles Nest Reservoir, Parktown, Berea, Forrest Hill, Alan Manor, Naturena, and Hector Norris Pump Station areas. The extended recovery period following maintenance completion represents a significant challenge for residents. The maximum 14-day restoration timeline means that even after maintenance work concludes on 21 July, some areas may not see normal water supply return until early August. NOW READ: 21-day water outage in Joburg set to begin Friday
TimesLIVE
27-05-2025
- TimesLIVE
R400m of fake branded goods seized in depot raid
KwaZulu-Natal police confiscated R400m worth of fake branded goods at freight depot at Edwin Swales Drive in the south of Durban on Tuesday. KZN police spokesperson Col Robert Netshiunda said a routine cargo profiling led to the discovery of two containers which contained counterfeit designer clothes, jewellery and kitchenware. These include bags of fake Gucci, Balmain, Louis Vuitton and Karl Lagerfield shoes as well Le Creuse kitchen ware. Both containers were fraudulently declared to be carrying furniture. Netshiunda said preliminary investigations found the containers entered the country from an Asian country and the cargo was destined for Alberton and central Johannesburg in Gauteng. Investigations are under way to uncover possible suspects responsible for importing the counterfeit goods into the country.
IOL News
22-05-2025
- Business
- IOL News
Sanlam and Tyme Bank launch joint venture for personal loans and credit life
A Tyme Bank banking kiosk. The digital bank, which has a network of 15 000 retail points across South Africa, has entered into an agreement with Sanlam to broaden their unsecured loans and credit life businesses into a joint venture company. Image: Reuters/Tiisetso Motsoeneng Sanlam and Tyme Bank have entered into a joint venture focused on growing in South Africa's unsecured personal loans and credit life markets, the financial services and insurance and digital bank said Wednesday. Collaboration between the two companies has been widely speculated about in the market since the acquisition by Sanlam Life in September 2024 of a 25% interest in African Rainbow Capital Financial Services Holdings, a company that holds 46% of Tyme Bank. 'The collaboration with Tyme Bank is an important component of the Sanlam credit strategy. The two companies have complementary customer bases and skillsets, promising excellent growth opportunities,' Sanlam's directors said in a statement Wednesday. Sanlam stated that the collaboration involves Sanlam Life, Sanlam Personal Loans (SPL), and Tyme Bank. SPL, with a loan book of R5 billion as at December 31, already provides unsecured personal loans of between R5 000 and R300 000, on repayment terms of 12 months to 6 years at a fixed interest rate. The digital Tyme Bank, launched in 2018 with more than 11 million customers already, provides personal and business banking services and unsecured personal loans in South Africa. The bank does not have branches, but aside from the internet site, it has a network of self-service kiosks, equating to 15,000 retail points across the country. The proposed deal will entail the establishment by SPL of a registered credit provider operating company to originate and administer personal loans to customers. SPL's existing business will be sold to this joint venture company. 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 ✕ Tyme Bank will acquire a 50% share in the company for R31.5 million. SPL will sell 50% of its loan book to Tyme Bank for about R400m, plus the capital value thereof. Tyme Bank will also share 50% of the credit life insurance results relating to the joint venture company loan book. Other benefits from the joint venture include Tyme Bank's robust infrastructure, as well as bank-grade fraud and anti-money laundering capabilities to support the credit strategy of the joint venture company. Sanlam and Tyme Bank will jointly develop a new lending capability on Tyme Bank's infrastructure. The joint venture will access both Sanlam and Tyme Bank's customer bases, creating cross-sell opportunities. Last week, Sanlam announced a strong start to its new financial year, with earnings, excluding investment return on shareholder funds, increasing by 15% for the three months to March 31, while net operational earnings, including investment returns on shareholder funds, increased by 22%. New business volumes were up by 15%. Sanlam's share price fell 0.15% to R85.67 on the JSE, early Wednesday morning. Visit:
The Herald
29-04-2025
- Business
- The Herald
Lesufi orders probe into R34m office rental costs in Gauteng
Gauteng premier Panyaza Lesufi says investigations into the high costs associated with renting offices for government departments will soon be under way. Sunday Times reported the provincial government spends R34m a month on renting office space, totalling more than R400m a year, despite owning 41 vacant buildings. The vacant buildings are said to be in poor condition and have been declared uninhabitable, resulting in the provincial government having to lease office space from private owners. Lesufi said an independent forensic company was appointed to determine whether the rental costs are justified and if there are any irregularities in the leasing process. He outlined steps to address the issue, including conducting a cost-benefit analysis of owning vs leasing buildings and assisting the provincial government in optimising or selling vacant properties. The government will also explore private sector partnerships to repurpose underused buildings into mixed-use developments.
TimesLIVE
29-04-2025
- Business
- TimesLIVE
Lesufi orders probe into R34m office rental costs in Gauteng
Gauteng premier Panyaza Lesufi says investigations into the high costs associated with renting offices for government departments will soon be under way. Sunday Times reported the provincial government spends R34m a month on renting office space, totalling more than R400m a year, despite owning 41 vacant buildings. The vacant buildings are said to be in poor condition and have been declared uninhabitable, resulting in the provincial government having to lease office space from private owners. Lesufi said an independent forensic company was appointed to determine whether the rental costs are justified and if there are any irregularities in the leasing process. He outlined steps to address the issue, including conducting a cost-benefit analysis of owning vs leasing buildings and assisting the provincial government in optimising or selling vacant properties. The government will also explore private sector partnerships to repurpose underused buildings into mixed-use developments.
