MyZA
News, Directory, Events and Other Stuff
Ekurhuleni municipality’s senior auditor, Mpho Mafole, has been gunned down. Mafole was the city’s group divisional head for corporate and forensic audits. Police spokesperson Col Dimakatso Nevhuhulwi said Mafole was driving along the R23 in Kempton Park when he was killed by unknown suspects. She said officers found Mafole lying in his car with gunshot …
South Africa’s Department of Transport plans to propose extending the driving licence to Parliament before the end of the year, something that various organisations have called for in recent years. The department’s annual performance plan for 2025/26 revealed its plans to submit the proposal to Parliament in the fourth quarter of the financial year, sometime …
Another group of white Afrikaner men from South Africa last week announced their visit to the US to discuss issues including farm attacks in this country and land expropriation. The various men visiting there are interconnected and seem to be creating echoes in US chambers. It has become something of a strange trend – photographs …
Should South Africa lower its inflation target? Does inflation targeting work? And if so, what should the target be? After surviving yet another week of political turbulence and internecine bickering, South Africa’s increasingly rickety coalition government might be about to face yet another thorny dilemma: the South African Reserve Bank’s (SARB) push to lower the …
Learning how to detect and avoid adulterated or contaminated diesel is essential for maintaining your car’s engine health. Adulterated diesel refers to fuel that has been blended with paraffin before being sold to fuel stations as legitimate. This allows criminals to sell twice the amount of fuel with high profit margins, thanks to paraffin being …
COPYRIGHT South Africa – The Good News. All rights strictly reserved.The views expressed on this website are those of www.sagoodnews.co.za and do not necessarily reflect the views of our sponsors. No part of this website may be reproduced or transmitted in any form or by any means, electronic, or mechanical, or recording or stored in …
South Africa is one of MTN’s four biggest markets and service revenue growth remains stagnant in the single digits, says Sanlam Investments portfolio manager Roy Mutooni. Mutooni said that although the South African market is big, it is also where the competitive pressure is greatest from Vodacom and Telkom. “It’s not like MTN South Africa …
Hybrid and electric cars are rapidly gaining popularity with motorists shopping in South Africa’s pre-owned market. This is according to new data from Lightstone Auto, which analysed the buying habits of consumers over the past five years. Lightstone found that while internal combustion engine (ICE) car sales have remained relatively stable with a consistent split …
This time, Marcel Swain, managing director of dentsu X, sits down with international DJ and cultural powerhouse Themba for an honest, funny, and occasionally jaw-dropping conversation about what it really takes to go global without losing your local edge. From South African events and corporate gigs to five shows across five countries in one week, …
Parliament, Tuesday, 1 July 2025 –The Standing Committee on Finance will tomorrow, 2 July 2025, through the virtual platform, hold public hearings on the South African Reserve Bank (SARB) Bill [B26-2028]. The SARB Bill is a Private Member’s Bill introduced in 2018 by a member of the National Assembly, Mr Julius Malema. According to the …
As with the current, soon to be outgoing model, the new Forester is likely to continue with the normally aspirated 2.5-litre flat-four Boxer engine connected to a CVT. Its most recent local market developments having been in 2023 when it announced pricing for the XV and the turbocharged Outback XT, Subaru has officially confirmed the …
Fuel price increases at the pumps tonight will place more costs in South Africans’ mobility budgets, but it isn’t deterring them from buying new cars. According to data from naamsa | the Automotive Business Council, June’s new vehicle market grew for the ninth consecutive month to 47,294 vehicles, an increase of 18,7% compared to June …
Motorists will need to earn at least R48,000 per month to afford the cheapest hybrid SUV on a finance plan, according to a calculation by TopAuto. Chery recently launched the new Tiggo Cross CSH in South Africa, which is available in two specifications – Comfort and Elite – with prices starting at R439,900. This makes …
Cybercriminals and malicious hacker groups that successfully breached the IT systems of South African companies in the past year raised their ransom demands nearly sixfold in the same period. According to The State of Ransomware in South Africa Report 2025 by cybersecurity firm Sophos, the median ransom demanded rose shot up from US$165 000 (R2.9-million) in …
The African Tax Research Network (ATRN) will host its 2025 Annual Congress from 16 to 18 September 2025 in Cape Town, South Africa. Held under the theme “Contemporary Taxation Issues in Africa: Shaping the Continent’s Fiscal Space – Past, Present, and Future,” the Congress will bring together leading researchers, academics, and tax policy experts to …
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the Bank's first direct lending to a subnational entity in Africa.
The transaction will finance critical infrastructure projects in electricity, water, sanitation, and solid waste management, directly benefiting over 6 million residents in South Africa's economic powerhouse.
The approval marks a transformative moment for municipal financing across Africa, operationalizing the African Development Bank's Guidelines for Subnational Finance for the first time. The funding will exclusively support trading services infrastructure that generates revenue, ensuring sustainable debt repayment, while addressing urgent challenges in service delivery.
“This landmark transaction, led by the African Development Bank's Infrastructure and Urban Development Department, in coordination with the Water and Sanitation Department, and the Power Department, signals a new era in how the African Development Bank can empower cities,” said the Bank's Vice President for Private Sector, Infrastructure & Industrialization, Solomon Quaynor. “By directly financing Johannesburg, we are unlocking a scalable model for subnational lending that enables multi-sectoral infrastructure delivery and positions the Bank as a trusted partner in driving sustainable, inclusive urban development across Africa.”
The loan will finance over 100 carefully selected projects across four vital sectors: upgrading distribution networks, installing smart meters, expanding renewable energy capacity, and connecting 3,200 new households to the grid; rehabilitating aging pipelines, upgrading treatment facilities, and reducing water losses from 46% to 37%; and improving landfill compliance, expanding recycling facilities, and enhancing waste collection services.
“This historic transaction demonstrates the African Development Bank's commitment to supporting creditworthy cities as engines of economic growth," said the African Development Bank's Director General for Southern Africa, Kennedy Mbekeani. "Johannesburg is not just South Africa's largest city – it contributes 16% to the country's GDP and serves as a gateway for investment across the continent. By strengthening its infrastructure backbone, we're investing in Africa's urban future."
The City of Johannesburg faces significant infrastructure challenges, with annual electricity losses of 30% for the past three years and water losses of 46.1%. The project is expected to create 2,869 jobs during construction and substantially improve service reliability for millions of residents.
An additional $1.5 million grant through the Bank's Urban and Municipal Development Fund is being sought to support municipal reforms, governance and climate-resilient planning initiatives.
Beyond infrastructure improvements, the project will deliver significant socioeconomic benefits:
The African Development Bank has included comprehensive safeguards in the project to assure robust monitoring and oversight, transparency, compliance, and sound financial management throughout the loan lifecycle.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Media contact:
Emeka Anuforo
Communication and External Relations Department
media@afdb.org
About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states.
For more information: www.AfDB.org
Nestled in the heart of the Free State, the Bloemfontein Off Road Club (BORC) has been a cornerstone of the local motorsport community for over four decades. Established in 1982, BORC was founded out of a simple need: to give dirt bike riders in Bloemfontein a place to call home. From those modest beginnings, the …
South Africa has asked for more time to negotiate a trade deal with US President Donald Trump’s administration before his higher tariff regime goes into effect on 9 July, Pretoria’s trade ministry said on Tuesday. Trump imposed a 31% tax on US imports from South Africa in April as part of his global “reciprocal” tariffs, …
01 July 2025 – Banyana Banyana midfielder Amogelang Motau says the Women’s African Cup of Nations (WAFCON) champions should thread with caution in the continental tournament. The Sasol-sponsored South Africans senior women’s national team are in Casablanca, Morocco, and have been hard at work preparing for their opening game against Ghana on Monday, 7 July
The post Thread with caution at WAFCON – Motau appeared first on South African Football Association.
The City of Cape Town’s Community, Arts and Culture Development Department (CACD) hosted various classes and exhibitions for aspiring young artists over the past seven months. The final event took place on Monday, 30 June 2025. The Arts Aweh! programme provided young people, aged six to 18, with creative learning experiences and an opportunity to …
A group of 19 learners from the Leap Science & Maths school in Langa will participate in the annual ‘Women & Girls Invisible Force of Resilience’ Programme The group of 19 learners from the Leap Science & Maths school in Langa will participate in the annual ‘Women & Girls Invisible Force of Resilience’ Programme between …
The City of Cape Town’s Urban Waste Management Directorate advises residents that there will be a minor disruption in recycling collection services in some areas that use clear bags for recycling, from Tuesday, 1 July to Wednesday, 2 July 2025. From 3 July 2025 these affected areas currently receiving this service (clear bags) fortnightly will …
An ambient air quality monitoring station is now in place to better monitor air quality around Milnerton Lagoon and share this information with the public as part of the City’s broader efforts to restore the lagoon environment. By the end of July, the temporary station at the Woodbridge Island Complex will move to a permanent …
The City of Cape Town’s Urban Regeneration Department is currently conducting community workshops with residents and key stakeholders on possible public realm upgrades along Stock Road in Philippi East. The vision for the Stock Road Corridor is to improve ease and safety of movement for people and goods, both motorised and non-motorised, and to support …