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Levy Business Park Lusaka, 10101, Zambia- SPJ Electronics, a leading global retailer of home appliances and electronic items, is thrilled to announce the grand opening of its newest store in South Africa. This expansion marks a significant milestone in the company’s journey, bringing its extensive range of products to the South African market at unbeatable …
Gaming has become an integral part of entertainment culture, offering immersive experiences and endless hours of fun. At RS Imports, we understand the thrill of gaming, which is why we’re proud to offer a diverse collection of gaming consoles to cater to every gamer’s preferences. Let’s explore the exciting world of gaming consoles available at …
In today’s modern world, electrical products play a crucial role in our daily lives, whether it’s ensuring the safety of our devices or providing convenient solutions for our electronic needs. At RS Imports, you’ll find a diverse range of high-quality electrical products designed to enhance your home and lifestyle. Let’s explore what RS Imports has …
Pretoria, South Africa – As any vehicle owner can attest, unexpected car repairs can be a nuisance and a financial strain. Among the many components that demand attention, the clutch often remains overlooked. However, Moreleta Service Centre, a stalwart in the automotive service industry with over 25 years of experience, is on a mission to …
In the UK, individuals ask, ‘How do you look for driving test cancellations?‘ and increasingly turn to automated finder services and apps that monitor the DVSA booking system, providing real-time alerts for available slots and simplifying the process of securing earlier test dates amidst high demand Before booking a cancellation, candidates should assess their readiness …
Planning for the future is a smart move for any young professional. But while most people recognise the need to include savings, investments and even life insurance in these plans, one of the vital components of effective planning for the future is often overlooked: having a valid will. In fact, according to the Master of …
Amid high interest rates and inflationary pressures, many South Africans are struggling to manage their finances effectively and balance their limited income with rising expenses. In this environment, resilience requires more than just being able to weather this storm – it’s about finding ways to get the most out of the money you have. That’s …
As South Africa gears up for a season of relaxation, travel and adventure during the March and April holidays, Southern Sun is thrilled to invite you to embark on an unforgettable holiday experience across South Africa! With unbeatable rates, your next holiday with Southern Sun SunBreaks is just a booking away. Get unmissable deals on …
Public sector pension funds amendments published
The National Treasury has published the proposed amendments to various pieces of legislation governing public sector pension funds.
“The amendments provide the necessary legislative amendments required to effectively implement the two-pot retirement system changes in public sector funds,” National Treasury said on Monday.
The proposed amendments relate to the Government Employees Pension Law, 1996 (Proclamation 21 of 1996), Post and Telecommunications-related Matters Act, 1958 (Act 44 of 1958) and Transnet Pension Fund Act, 1990 (Act 62 of 1990).
“The proposed amendments insert certain definitions to provide for the introduction of the savings withdrawal benefit; to provide for the appropriate account of a member’s interest in the savings, retirement, and vested components and to provide for deductions that may be made by the funds.
“These amendments seek to align pension laws across all sectors to ensure that pension funds can amend the fund rules and implement the two-pot retirement system on the effective date of 1 September 2024,” National Treasury said.
The amendments to the public sector pension laws will be proposed for inclusion in the Pension Funds Amendment Bill [B3—2024], which is currently under consideration of the Standing Committee on Finance.
Parliamentary hearings on the Pension Funds Amendment Bill will be held on 12 March 2024, including these public sector pension laws amendments.
The proposed amendments to the public sector laws may be found on the National Treasury website www.treasury.gov.za. – SAnews.gov.za
nosihle
Mon, 03/11/2024 - 12:06
As businesses evolve, the demand for efficient office printing solutions has grown exponentially, particularly within bustling office settings. The Olivetti 4023MF A4 copier, exclusive to mfpgroup.co.za, addresses this demand by ensuring seamless copying efficiency suitable for the most dynamic workgroups and the highest printing demands. Engineered to enhance productivity, this device is primed to become an integral component of your office infrastructure. Meet …
As temperatures rise and the heat of summer approaches, keeping cool becomes a top priority for many. Whether you’re looking to beat the heat in your home, office, or outdoor space, having a reliable fan can make all the difference in staying comfortable and refreshed. At RS Imports, we understand the importance of quality fans …
R21.7 billion allocated for airport infrastructure development
The Airports Company of South Africa Limited (ACSA) has earmarked R21.7 billion for the development of airport infrastructure.
This investment primarily targets refurbishments, efficiency improvements, and statutory compliance measures, with the aim of enhancing asset availability, airport safety and passenger experiences across airports.
Addressing a media briefing on the state of the aviation sector, Minister of Transport Sindisiwe Chikunga said this was the largest capital investment programme by ACSA since preparing for the 2010 World Cup.
“This will see our already world class airports increasing the airport facilities to continue leading as Africa’s best airports and increasing our position globally. Over the next two years, ACSA plans to embark on crucial capacity expansion projects at Chief Dawid Stuurman International Airport (Gqeberha) and George Airport, focusing on expansion of their terminal facilities.
“The terminal expansion project at George Airport is set to commence at the earliest opportunity due to the airport passenger throughput having passed its design capacity pre-COVID-19. This will be followed by Chief Dawid Stuurman Airport within the next year or two.
“Furthermore, ACSA is set to embark on the development of a new cargo terminal, known as Mid-field Cargo, at O.R Tambo International Airport on a prioritised basis given the demand and later the development of a Mid-field Passenger Terminal.
“Other significant projects at O.R Tambo International Airport will include extension of the bussing gates, which will entail adding six new bussing gates to the existing Terminal A bussing terminal, along with augmenting retail, seating, and holding lounge areas,” the Minister said.
Additionally, as part of phase 2 of this project, a new mezzanine level will be constructed to enhance circulation and optimise seating and holding space.
“At Cape Town International Airport, priority will be the domestic arrivals terminal reconfiguration to meet growing capacity needs. This encompasses enlarging the meet and greet area, expansion of the baggage claim area, an additional baggage carousel, expansion of the domestic departures lounge, retail spaces, and ablution facilities, as well as the addition of three new contact gates and fixed boarding bridges.
“Secondly, the initiation and development of the realigned runway development project is anticipated within permission period,” Chikunga said.
King Shaka International Airport will see the development of a hotel, given that it is a relatively new airport, with terminal expansion during the final year of the permission period.
At King Phalo airport, the focus during the permission period will be on expansion of the departure lounge, relocation of the security check point, upgrading of ablution facilities, improving retail options in the departure lounge, and adding offices and lounge space on the first floor.
“ACSA continues to diligently review the master plans of its airports, driven by twofold objectives: to meet the current infrastructure needs while also ensuring preparedness to fulfil future demands.
“This ongoing process is crucial in strengthening the foundation for a resilient air transport system for South Africa, a cornerstone for advancing our country's economic development and growth,” the Minister said.
In the year 2022/23, the Air Traffic and Navigation Services SOC Limited (ATNS) invested R128 million in support of its goal of having reliable and stable air traffic management infrastructure, which ultimately boosts the country’s aviation economy and contributes up to 3% to the national gross domestic product (GDP).
“In ATNS’ pursuit of more essential infrastructure upgrades to ensure that the entity is future-fit to continue delivering on its national mandate, up to R155 million is required in the next financial year for investment into its Aeronautical Fixed Telecommunication Network (AFTN),” the Minister said.
Air Cargo innovations
As part of innovations within the sector to enhance efficiency and competitiveness, eAirwaybill have been introduced in air cargo industry.
Innovations such as real-time tracking systems, data analytics, automation, and artificial intelligence can streamline operations, improve visibility, and optimise resource allocation.
“Embracing this digitalisation can only lead to greater transparency, cost savings and a better customer experience within this space.
“While we also embrace innovation, we are equally mindful of cyber threats. Cybersecurity is essential for maintaining the integrity, safety, and resilience of the aviation system. We are collaborating more to effectively mitigate risks and enhance cybersecurity across the sector.
“The truth of the matter is that the future of freight is digital; and that is our reality. Therefore, a robust air cargo system is essential for global trade, speed, efficiency, connectivity, supply chain resilience, economic growth, and the timely delivery of essential goods and services,” the Minister said. – SAnews.gov.za
nosihle
Tue, 03/05/2024 - 12:55
In the world of retail, the term “unboxed deals” often raises eyebrows and piques curiosity. What exactly are unboxed deals, and why are they gaining popularity among savvy shoppers? At RS Imports, we’re here to demystify the concept and shed light on the benefits of embracing unboxed deals for your shopping needs. What Are Unboxed …
Local movies are the flavour of the month in March when Ster-Kinekor releases a number of homegrown films and a new title from our Namibian neighbour. These films, which celebrate our local cultures through creative and authentic storytelling, will be released in select Ster-Kinekor cinemas, with the Namibian title also being screened in the two …
In the world of retail, presentation is everything. A product in pristine condition, encased in an immaculate package, is the standard expectation. But what happens when that standard is not met? Enter the realm of unboxed deals and damaged packaging appliances—a niche market that offers a unique opportunity for savvy shoppers to snag incredible deals …
More Holidays, More Experiences, More Magical Moments If your December break left you scrolling through social media, living vicariously through your friends’ posts of fabulous holidays and yearning for those experiences to be yours, it’s time to make a change. Let this be the year you turn those dreams into reality and embrace the year …
New Sage Copilot: Driving Efficiency & Growth for SMBs and Accountants with Generative AI Sage Copilot will lead SMBs and Accountants into the generative AI era by automating routine tasks, offering key insights for growth, and enabling better decision making and enhanced productivity. South Africa (March 2024) – Sage (FTSE: SGE), the leader in accounting, …
Many of the families live in brick and mortar homes. But the municipality says these structures are unlawful and wants them to be demolished
Hope is on the horizon despite South Africa’s economic challenges The nation’s eyes and ears will be focused on Cape Town today as Finance Minister Enoch Godongwana presents the 2024 National Budget. It is no secret that South Africa faces a challenging economic climate where austerity is the phrase most commonly used during the Budget. …
NHI receives R1 billion allocation
The health sector is expected to receive an allocation of R848 billion over the Medium Term Expenditure Framework with at least R1 billion directed to the National Health Insurance (NHI).
This was announced by Minister Enoch Godongwana during the 2024 Budget Speech on Thursday.
“These allocations include R11.6 billion to address the 2023 wage agreement, R27.3 billion for infrastructure, and R1.4 billion for the NHI grant over the same period.
“The allocation for the NHI is a demonstration of the government’s commitment to this policy. There remain a range of system-strengthening activities, that are key enablers of an improved public health care system, that must be undertaken,” Godongwana said.
He said these activities include:
In the 2024 Budget Review, National Treasury noted that the budget for the sector is expected to grow slower than inflation over the MTEF “due to the R23.7 billion baseline reductions over the medium term”.
“The function will prioritise greater efficiency, better management of commuted overtime and intensified promotion of preventative care. Spending reviews in the sector have led to some savings in vaccine and antiretroviral tenders. The health sector continues to recover from service disruptions due to the COVID‐19 pandemic, particularly in antiretroviral treatment and tuberculosis screening and treatment.
“The Department of Health and its provincial counterparts will prioritise building tertiary services like oncology through earmarked funds in the national tertiary services grant in provinces with inadequate services. This grant grows by 8.8% in 2024/25 as funding is shifted into it from the oncology portion of the national health insurance conditional grant,” Treasury said.
Education Sector
Turning to education, he said the sector will receive some R25.7 billion “carry-through costs of the wage increase over the medium term”.
“At the same time, we were able to protect the budgets of critical programmes such as the school nutrition programme. The programme provides food to pupils in almost 20 000 schools.
“The early childhood development grant is allocated R1.6 billion rising to R2 billion over the medium term,” he said.
Firm eye
Government is expected to keep a firm eye on value for money as consolidated government spending is expected to reach R2.37 trillion in 2024/25, R2.47 trillion in 2025/26 and R2.6 trillion in 2026/27.
This is according to the National Treasury’s 2024 Budget Review.
“Government’s priority is to enhance spending quality and minimise inefficiency while ensuring sustainable public finances – in other words, to increase the value for money from this spending,” the department said.
The bulk of the 2024/25 budget will go to basic and tertiary education, peace and security.
“While R69.4 billion is added to this function for the carry‐through costs of the 2023 public‐service wage agreement over the medium term, there are baseline reductions of R49.8 billion in other areas. Improved efficiency in the procurement of learner‐teacher support materials and in the management of the placement of educators will continue.
“Spending in the post‐school education and training sector grows by 2.5% over the medium term. Spending in the sector education and training authorities and the National Skills Fund grows by 3.9% over the medium term, allowing the institutions to improve the quality of their offerings,” Treasury said. – SAnews.gov.za
NeoB
Wed, 02/21/2024 - 14:35
With rising electricity costs and the growing urgency to embrace renewable energy, solar geyser systems are becoming increasingly popular. One option gaining traction in South Africa is the APEX SGS, a Cape Town-made system aiming to simplify access to solar water heating. But before you take the plunge, let’s weigh the pros and cons to …
The world is changing, and so are our energy needs. With a growing emphasis on sustainability and renewable energy sources, more homeowners are exploring the possibility of installing solar panels on their properties. Solar power not only reduces your carbon footprint but can also lead to significant long-term savings on electricity bills. However, the upfront …
In the constantly evolving world of smart home technology, two innovations have significantly changed how we interact with our living spaces: smart blinds and smart light switches. These advancements are not just about embracing modernity; they are about enhancing convenience, energy efficiency, and personalising home environments to suit our lifestyles. Let’s delve into how these …
In today’s fast-paced business environment, efficiency and productivity are the keystones of success, especially in industries requiring heavy lifting and material handling. Forklifts, the backbone of warehouse operations, construction sites, and manufacturing facilities, are crucial in moving heavy goods safely and swiftly. However, the capital expenditure of purchasing a forklift outright can be substantial, making …