Latest news with #R92
IOL News
29-06-2025
- Politics
- IOL News
Proof that caring governments can deliver
The City of Tshwane's Section 79 Utility Services committee is pleased with the progress of the Rooiwaal Wastewater Treatment Plant's refurbishment. Image: .Bongani Shilubane / Independent Newspapers The City of Tshwane's recent achievements during the last two Council meetings and today at Hammanskraal prove that caring governments can deliver spatial, social, economic and environmental justice for South Africa', says GOOD's Councillor Sarah Mabotsa, the Tshwane Mayoral Committee Member for Economic Development and Spatial Planning. Today at Hammanskraal, the handover of Module 2 of the Klipdrift Water Treatment Plant means safe water is coming to more homes in Hammanskraal. The neighbourhoods of Kudube - Units 1, 2, 3, 6, 10 and Unit D, Jubilee Tower, Jubilee Direct, Dominican Tower, and some areas of Majakaneng will benefit from Module 2's water supply. This expands the areas of Hammaskraal that have since January 2025 benefited from Module 1's water supply (namely Mandela Village, Marokolong, Ramotse, Kekana Gardens/Steve Bikoville and Babelegi Industrial area). In 2023, dozens of Hammanskraal residents tragically died from a cholera outbreak. The provision of safe, reliable water in taps is something most South Africans take for granted, and, finally, for the residents of Hammanskraal, in 2025, this is becoming a reality. Access to clean water and a healthy environment is a Constitutional right of every South African. This week, the City of Tshwane's Council also approved the multi-party coalition government's initiation of a public participation process to commence for the Urban Forestry Tree Protection By-Law. The City of Tshwane is known as the Jacaranda City, but these and many other trees in our parks, road reserves and other public open spaces are being vandalised and sometimes illegally removed. Trees and urban forests are proven to mitigate the impacts of climate change, and these green spaces provide important environmental assets for communities. We must protect and preserve our natural assets and ensure that the environment of the city is managed and enhanced for future generations. GOOD has also supported the transfer of 1,007 City-owned residences to a non-profit housing entity, Housing Company Tshwane, to provide more affordable housing in well-located parts of the city. The total municipal value of the 1,007 residential properties approved for transfer to the non-profit Housing Company Tshwane is approximately R92 million. 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 ✕ The Housing Company Tshwane is a City-owned company that can offer homes for rent at less than the market rate. These below-market rentals provide housing to the so-called 'missing middle' segment of the market, to those households with a combined income of less than R22,000 per month. According to the Centre for Affordable Housing Finance in Africa, the City of Tshwane's residential market by value is the third largest in South Africa (after Cape Town and Johannesburg), and almost one quarter of Tshwane's households are tenants. The provision of affordable, well-located rental accommodation that is close to economic centres helps more workers to afford to live closer to their place of employment. The rental units transferred to Housing Company Tshwane are in the centrally-located suburbs of Capital Park, Silverton, Eloffsdal, Villiera, Wolmer, Daspoort, Danville, Claremont, Arcadia and Proclamation Hill. Bringing people closer to their jobs is an underlying principle of both spatial and economic justice and serves to reverse some of the cruel legacy of apartheid, which placed black, coloured and indian people very far from economic opportunities. The provision of more affordable rental apartments in centrally-located areas of the city means that more residents can afford to live close to their places of work. This will save hours of commuting time and reduce costly transport costs, meaning more money in their pockets and more time with their families. A reduction in transport distances is also good news for the whole city, as this tends to reduce air pollution from transport emissions (achieving some environmental justice) and shorter commutes help reduce traffic congestion. GOOD is proud to be part of the City of Tshwane's multi-party coalition government. The work for Spatial, Social. Economic and Environmental Justice for South Africans is central to the objectives of GOOD, as this is the pathway to a safer, more prosperous, equitable, inclusive and sustainable society. Sarah Mabotsa, GOOD City of Tshwane Councillor and MMC for Economic Development and Spatial Planning
The South African
28-06-2025
- Business
- The South African
South Africa's millionaires pack their bags for UAE
South Africa continues to experience a significant outflow of wealth, as the country saw 250 high-net-worth individuals (HNWIs) – those with assets exceeding $1 million (R17.88 million) – emigrate in 2024, according to the latest Henley & Partners Wealth Migration Report. The departure of these individuals has resulted in an estimated R28 billion in wealth leaving the country. This forms part of a broader trend, with South Africa's millionaire population shrinking by 12% over the past decade. In 2014, there were approximately 46 800 dollar-millionaires in the country. That figure dropped to 37 400 in 2024, marking a net loss of over 9 000 HNWIs. Globally, 134 000 millionaires migrated in 2024, with that number expected to rise to 142 000 in 2025. The United Arab Emirates (UAE) led the list of top destinations, gaining 9 800 millionaires and roughly R63 billion in new wealth. In contrast, the United Kingdom experienced the greatest outflow, losing 16 500 millionaires, with R92 billion in wealth departing the country. Despite the trend of dollar-millionaires exiting South Africa, the country has seen growth in rand-based millionaires. Data from the South African Revenue Service (SARS) shows that 569 351 individuals earned over R1 million annually in 2024 – a 16% increase from the previous year. These individuals now make up 3.94% of the 14.45 million registered taxpayers, up from 3.45%. Henley & Partners note that economic uncertainty, political instability, and crime remain key push factors behind South Africa's ongoing wealth migration. However, the growth in the number of local tax-paying millionaires suggests that while global investors may be leaving, South Africans continue to build wealth locally – albeit in rands, not dollars. As pressure mounts to retain skilled professionals and investors, economists suggest that policy certainty, improved security, and economic reform will be essential to reverse the exodus and rebuild long-term investor confidence. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
The Citizen
07-06-2025
- General
- The Citizen
Lotto and Lotto Plus results: Saturday, 7 June 2025
R92 million in jackpots is up for grabs. Here are your Lotto and Lotto Plus results for 7 June 2025. Get the Lotto and Lotto Plus results as soon as they are drawn on The Citizen, so you can rest easy and check your tickets with confidence. Lotto: R67 million Lotto Plus 1: R15 million Lotto Plus 2: R10 million Here are the winning Lotto results for Saturday, 7 June 2025: While great care has been taken to ensure accuracy, The Citizen cannot take responsibility for any error in the Lotto or Lotto Plus results. We suggest verifying the numbers on the National Lottery website. The winning Lotto numbers will appear below after the draw. Usually within 10 minutes of the draw. You might need to refresh the page to see the updated results. Lotto: 01, 16, 36, 40, 42, 50 Bonus: 06 Lotto Plus 1: 08, 12, 18, 20, 30, 51 Bonus: 15 Lotto Plus 2: 14, 19, 22, 35, 50, 51 Bonus: 40 For more details and to verify the Lotto results, visit the National Lottery website. When do South African national Lottery ticket sales close? Lottery outlets close at 8.30pm on the day of a draw, which happens at 9pm. The terms and conditions may differ from other service outlets. Visit for more information. You can find the historical winning numbers for PowerBall and Lotto draws here. How much does it cost to play Lotto? Lotto entries cost R5 per board including VAT. Lotto Plus costs an additional R2.50 per board. You can also play PowerBall on selected banking apps (T's & C's apply). Visit and go to the How to Play section to find out more.
IOL News
23-05-2025
- Business
- IOL News
What is Donald Trump's net worth in 2025?
According to Forbes, US President Donald Trump net worth stands at $5.1 billion (R92 billion) as of March 2025. Whether you love him or hate him, United States President Donald Trump remains one of the most discussed figures of our era. Following President Cyril Ramaphosa's recent visit to the White House, which sparked intense exchanges, many are eager to share their opinions and pose questions about Trump. A prominent question on everyone's mind is: What is Donald Trump's net worth? And where does he get the money from? What is Trump's net worth? According to Forbes, his net worth stands at $5.1 billion (R92 billion) as of March 2025. That figure more than doubles his wealth from just a year ago, when he stood at $2.3 billion (R41.4 billion). It is believed that the sharp rise in his fortune reflects a mix of aggressive moves in social media, crypto, and a resurgence in the performance of his golf resorts. Social media and tech A major driver of Trump's financial situation is his stake in Trump Media and Technology Group, which is the parent company of Truth Social. Despite the platform posting only around $3.6 million (R64.88 million) in revenue and a staggering $401 million (R7 billion) loss in 2024, investor enthusiasm kept its valuation aloft. Even after the company's stock lost over half its value, Trump's stake remains worth an estimated $2.6 billion (R47 billion) —roughly equal to the value of all his real estate holdings combined.
TimesLIVE
13-05-2025
- Automotive
- TimesLIVE
Nissan to suspend operations at some domestic plants amid restructuring
Japan's Nissan Motor has decided to suspend operations at some domestic factories as part of a business restructuring effort, the Nikkei business daily reported on Tuesday. Details regarding which specific factories will be affected and whether they will be temporarily suspended or permanently closed are expected to be finalised at a later date, the report said. Nissan declined to comment on the Nikkei report. Japanese public broadcaster NHK reported on Monday the automaker will cut more than 10,000 jobs globally, bringing the number of layoffs, including those previously announced, to about 20,000, or 15% of its workforce. Japan's third-largest carmaker is set to announce on Tuesday results for the business year that ended in March. It warned last month it would likely book a record ¥700bn (R86,429,000,000) to ¥750bn (R92,590,950,000) net loss in the year due to impairment charges. Nissan, which had more than 133,000 staff as of March last year, announced plans in November to cut 9,000 jobs and reduce global capacity by 20%.
