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Eyewitness News
14-07-2025
- Business
- Eyewitness News
City Power warns it will go after more defaulting Joburg businesses
JOHANNESBURG - City Power has warned that it will be going after more businesses in Johannesburg that it said are illegally connected to the city's power grid. After conducting investigations, City Power said it found several repeat offenders, including businesses disconnected in November. ALSO READ: City Power continues with revenue collection drive The power utility is grappling with runaway debt from businesses that are owing and those who are benefitting from the power without paying. City Power said the Hursthill substation alone is owed R1.6 billion by defaulting businesses. The power station supplies electricity to Auckland Park, Melville, Westdene, Coronationville, and surrounding areas. In the Industria and Crown area, it was found that there are repeat offenders owing R23 million. The utility said it will be conducting stricter and more regular disconnection operations with the help of law enforcement to add to the weekly disconnection operations already underway to try to recover the lost funds.
TimesLIVE
30-06-2025
- Automotive
- TimesLIVE
VinFast opens second domestic EV factory amid global expansion
Vietnamese electric vehicle manufacturer VinFast began production on Sunday at its second domestic factory, aiming to ramp up output of affordable mini urban models as its global expansion plans face delays. The new facility, located in the central province of Ha Tinh, has an initial annual capacity of 200,000 units and spans 36 hectares, the company said. By comparison, VinFast's flagship factory in northern Haiphong is designed to reach a capacity of 950,000 units by next year. VinFast, backed by Vietnam's largest conglomerate Vingroup, has set ambitious goals to establish production plants in international markets, including the US, India, and Indonesia. However, it has faced hurdles in its global expansion, including weaker demand and stiff competition. The company announced last year that operations at its US factory would be delayed until 2028. Its India assembly plant is expected to become operational next month. "Once operational, the VinFast Ha Tinh factory will contribute to VinFast's goal of producing one million vehicles per year to meet the increasing demand of domestic and foreign markets," said Nguyen Viet Quang, Vingroup's CEO. The EV maker has set a delivery target of 200,000 cars for 2025, having sold about 56,000 units in the first five months, primarily in its domestic market. It reported a net loss of $712.4m (R12,642,570,552) for the first quarter, less than the $1.3bn (R23,069,131,410) loss in the previous quarter but 20% more than a year before. Revenue jumped 150% to $656.5m (R11,649,911,362) over the same period.
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The Citizen
26-06-2025
- Business
- The Citizen
‘That's insane!': Here's how much a ticket would cost if UFC was hosted in SA [VIDEO]
Sports Minister Gayton McKenzie said a ticket would cost R23 000 if a UFC event was hosted in the country. South Africa's Dricus du Plessis celebrates his victory over Sean Strickland of the US after their middleweight division fight at UFC312 in Sydney. Picture: Saeed Khan / AFP At a recent launch of Boktown in Sandton, Sports Minister Gayton McKenzie spoke about how much it would cost to attend an Ultimate Fighting Championship (UFC) event in South Africa. 'UFC is willing to come but we would have to sell a ticket at R23 000 for us to break even. That's insane. So, what we are doing is, we are engaging with more sponsors. 'We are now looking at other ways.' NOW READ: PICTURES: Highlights from the Basketball Africa League finals in Pretoria
IOL News
26-06-2025
- Politics
- IOL News
New speaker expected as Johannesburg council ousts ActionSA's Nobuhle Mthembu
The City of Johannesburg council in Braamfontein is expected to vote for a new speaker after ActionSA's Nobuhle Mthembu was axed. Image: Nhlanhla Phillips / Independent Newspapers The City of Johannesburg council is expected to vote for a new speaker after ActionSA's Nobuhle Mthembu was ousted. A total of 212 councillors voted against Mthembu, who could only muster 48 votes in her favour. Mthembu stated that the party is bigger than the individual and that the issue was not solely about her, especially after ActionSA chose to abstain from the motion of no confidence against Mayor Dada Morero. 'We have to show the residents that we are not here for positions only. We are here to serve, and if it means, based on principles, that we lose a position, so be it,' she said. 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 ✕ ActionSA's Nobuhle Mthembu was axed as the speaker of Johannesburg on Wednesday. Image: Sipho Jack / Independent Newspapers Mthembu also accused the DA, which brought the motion against her along with the Al Jama-ah party, of trying to return to power through the back door and not caring for residents. DA Johannesburg caucus leader Belinda Kayser-Echeozonjoku said the council approved loans without giving councillors all the necessary information. She was referring to the R2.5 billion African Development Bank loan approved by the council last week. According to Kayser-Echeozonjoku, Mthembu called meetings at the last minute, leaving councillors unable to determine how the city's residents would be affected by decisions taken. She stated that fruitless and wasteful expenditure has ballooned to R23 billion, which was only revealed through a leaked document from a member of the presidential working group prior to the presentation of the Auditor-General SA's report. Kayser-Echeozonjoku added that Morero bypassed the council and undermined the mandate of councillors. 'We are still waiting for the notice from the acting city manager,' she said when asked about the date for voting for the new speaker. In terms of the legislation, the municipality has between one and 14 days to hold the elections in council. She said the municipality has totally collapsed under Morero. After Morero survived the DA's motion of no confidence, his administration said the victory was a clear indication that the majority of parties, as representatives of the residents, were voting for stability, continuity, and service delivery in the city. 'We agree that Johannesburg has serious challenges. However, we are now focused on turning around the situation. We have put in place solutions and interventions that are moving us in the right direction. We are building the Johannesburg we want to see,' he stated.
News24
25-06-2025
- News24
CATA, Codeta reach peace deal after deadly taxi route feud, but commuters will now pay more
Commuters will now pay R30 instead of R23 for a trip on the contested route. Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, and empowerment. You can only trial once.
