Business Day Republiek van Suid-Afrika
Government overrode scientists’ advice on alcohol and bowed to other interests - Business Day
The booze ban imposed in late-December further damaged businesses hard-hit by previous prohibitions
The booze ban imposed in late-December further damaged businesses hard-hit by previous prohibitions 22 April 2021 - 05:10 Tamar Kahn The government has overridden or only partially implemented much of the counsel it received from its scientific advisers, most notably on alcohol sales and school closures, despite President Cyril Ramaphosas insistence that their recommendations underpin its response to the coronavirus pandemic. The health department has released more than two dozen Covid-19 advisories provided by scientists to health minister Zweli Mkhize over the past five months, revealing how the government has at key moments overridden their counsel and bowed to other interests...
Mercedes E300 cabrio is a smooth-riding indulgence - Business Day
As the cooler season approaches, this drop-top Benz has a number of ways to keep you warm
ENGINE Type: Four-cylinder petrol turbo Capacity: 2.0l Power: 190kW Torque: 370Nm TRANSMISSION Type: Nine-speed Auto DRIVETRAIN Type: Rear-wheel drive PERFORMANCE Top speed: 250km/h 0-100km/h: 6.6 seconds Fuel Consumption: 7.4l/100km (claimed), 8.4l/100km (as tested) Emissions: 167g/km STANDARD FEATURES Touch Control Buttons, LED daytime driving running lights, rain sensor wipers, climate control, three USB ports, MBUX infotainment system, park distance control rear, Bluetooth telephone and voice control, cruise control, partial suede-cloth artificial leather and heated seats, seven airbags, stability control, ABS COST OF OWNERSHIP Warranty: Two years/unlimited km Maintenance: Five years/100,000km Price: R1,276,640 Lease*: R27,219 per month * at 10% interest over 60 months no deposit Mercedes-Benz E300 cabriolet AMG Line WE LIKE: Comfortable drive, good looks, roofless driving aids WE DISLIKE: Its sparse in standard fitment luxuries VERDICT: A graceful and approachable indulgence Motor News star rating Design * * * * * Performance * * * * Economy * * * * Ride/handling * * * * * Safety * * * * * Value For Money * * * * Overall * * * * Competition BMW M440i xDrive Convertible, 285kW/500Nm R1,366,234 Mercedes-AMG C43 cabriolet, 287kW/520Nm R1,357,480 Mercedes-AMG E53 cabriolet, 320kW/520Nm R1,768,960 Porsche 911 Carrera Cabriolet, 283kW/450Nm R1,918,000
Loss of legal team may be a win for Jacob Zuma if it delays trial - Business Day
After loss of state funding for Zuma’s criminal trial, ‘it is not surprising his attorneys have withdrawn’, Lawson Naidoo says
The formal notice of withdrawal of services by Jacob Zumas legal team in his corruption trial in Pietermaritzburg on Wednesday could be favourable for the former president. Eric Mabuza filed the notice as Zumas attorney of record, but did not provide reasons for the withdrawal ahead of the trial in the high court, which has been set down for May 17. Mabuza did not respond to queries. National Prosecuting Authority spokesperson Sipho Ngwema confirmed receipt of correspondence from Mabuza Attorneys. "The state remains ready to proceed with the trial from May 17 2021," he said. The withdrawal has immediate implications for the trial. Lawson Naidoo, executive secretary of the Council for the Advancement of the SA Constitution, said that in the light of the Supreme Court of Appeal judgment that closed the taps on state funding for Zumas criminal trial "it is not surprising that his attorneys have withdrawn". "It is also rather fortuitous for Mr Zuma that it comes at this time. It may provide him with grounds to seek a delay in the trial. He would have to convince a court that additional time is necessary and what a reasonable delay might constitute." Naidoo said that if necessary Zuma must apply for legal aid "and he will be means tested to determine if he qualifies for it". Advocate Paul Jorgensen said "the most innocent explanation" is insufficient funds. "A second reason could be a conflict within the legal team or between his attorney and him in respect of the manner in which to handle the trial. At its most suspect, it is an orchestrated move on the part of Zuma to place his attorneys in a position where they perceive they have to ethically withdraw. The benefit to Zuma is that his trial is delayed," Jorgensen said. He said in the circumstances, he could not see the court forcing Zuma to continue without legal representation because of the magnitude of the matter. With regard to Thales, he said it could bring an application to have the matter against it struck from the roll, rather than being adjourned in order for Zuma to hire new lawyers, because of undue delays that were not of its doing. Last week, the Supreme Court of Appeal dismissed Zumas bid to overturn a previous ruling by the high court that he was not entitled to state funding and he had to pay back taxpayers money already spent more than R15m. Mabuza replaced Michael Hulley and Associates as his attorneys of record in April 2020.
Absa CEO Daniel Mminele steps down due to strategic differences with board - Business Day
Mminele and Absa have agreed to a ‘no fault’ separation that will see him exit his role on April 30 due to disagreement over the bank’s strategy
Mminele and Absa have agreed to a no fault separation that will see him exit his role on April 30 due to disagreement over the banks strategy 20 April 2021 - 07:51 Warren Thompson and Garth TheunissenUPDATED 20 April 2021 - 14:48 Daniel Mminele, the first black executive to lead Absa, will exit his role as CEO at the end of April, roughly 16 months into the role, due to differences with executives over the strategic direction of the countrys third-biggest banking group by assets. Confirming an earlier Business Day article, Absa said in a statement on Tuesday that the group had reached an agreement with Mminele that would see him step down as a director and group CEO with effect from April 30...
Coca-Cola bottler’s listing will add another blue chip to JSE - Business Day
Coca-Cola Beverages Africa listing is set to hand investors ownership in the continent's largest bottler of non-alcoholic products
BEVERAGES Coca-Cola Beverages Africa listing is set to hand investors ownership in the continent's largest bottler of non-alcoholic products 20 April 2021 - 05:29 Katharine Child The Coca-Cola Company will list its bottling unit in Amsterdam and on the JSE, a move that will hand investors ownership in Africas largest bottler of non-alcoholic products. Coca-Cola Beverages Africa (CCBA), which packages 40% of Coca-Cola products sold on the continent and employs 16,000 people, became majority-owned by the Atlanta-based company in 2016 after AB InBev sold its stake following the brewers takeover of SABMiller...
Strike likely to choke off water to Gauteng residents and businesses - Business Day
Samwu's indefinite strike at Rand Water this week could cripple crucial economic sectors and affect 15-million residents
More than 15-million residents in SAs economic hub, Gauteng, could be left without water when the SA Municipal Workers Union (Samwu) goes on an indefinite strike at Rand Water from Wednesday. Samwu, the countrys largest union in the local government sector, represents more than 260,000 municipal workers. It said that it had elected to down tools after the water utility allegedly changed conditions of employment. Rand Water supplies Gautengs three metropolitan municipalities, local municipalities, mines and other industries, and parts of Mpumalanga, the North West and Free State with an average of 3.653-million litres of potable water daily. Gauteng has a population of more than 15-million people, according to Stats SA. The strike could cripple crucial economic sectors such as manufacturing, mining and agriculture, which uses about 60% of all available water in the country for irrigation. Samwu Gauteng deputy secretary Mamorena Madisha said on Monday the decision to down tools "is a painful one as we know that taps will definitely run dry in all areas that are serviced by Rand Water". She said the strike is noble and justified and well within their rights. "The management unilaterally decided that they are not going to pay our bonuses which they have been paying for the past 70 years because they said we didnt reach the net income target. Yet we dont even know what the targets were; that information is not forthcoming," Madisha said. Rand Water spokesperson Justice Mohale said: "I dont have a mandate to comment. If needs be management will release a statement." The dispute was successfully referred to the Commission for Conciliation, Mediation and Arbitration, a statutory body for aggrieved employees. Madisha said the union would not allow the employer to "bully workers by unilaterally changing employees conditions of service without any consultation whatsoever". A dry run She continued: "Rand Water should actually consider this strike as a dry run for what is coming their way when Samwu will be presenting its salary and wage demands at the Amanzi Bargaining Council, which is inclusive of all of the countrys 12 water boards." Samwu is demanding a one-year wage agreement of a R4,000 salary increase across the board, a R15,000 minimum wage, R3,500 housing allowance, 80% employer medical aid contribution, 25% employer contribution towards pension, and six months paid maternity leave and one month paid paternity leave. "We want to categorically and unambiguously state to Rand Water and all other water boards that Samwu is ready to defend its members and will not stand idle when their gains are being reversed," said Madisha. The SA Local Government Association, the body representing the countrys 257 municipalities, has proposed a 2.8% wage increase for 2021/2022, below the 2.9% inflation rate recorded in February and the 4.3% average the Reserve Bank expects for 2021. It has also called for municipalities that are in financial distress to cut wages in real terms and freeze other perks linked to wage hikes. [email protected]