News | Page 52 of 119

Chikunga assures timely procurement of new driver’s license card machine

Technical Challenges and Backlogs: The article highlights persistent technical issues with the current driver’s license card printers, causing intermittent breakdowns and backlogs in card issuance.
Assurances from Transport Minister: Transport Minister Sindisiwe Chikunga assures the public of progress in procuring a new printing machine, promising the rollout of new driving license cards by the end of the month.
Concerns and Calls for Transparency: There are concerns raised by stakeholders, including OUTA, regarding the lack of transparency from the Department of Transport in handling the driver’s license card issue, emphasizing the need for clear communication and accountability.

Two students tragically drowned during a school excursion organized by the Rising Star Generation NGO, highlighting the importance of safety measures during such activities.
The incident occurred during a disciplinary camp held in Pretoria, where students were meant to undergo character-building exercises and personal development.
The Gauteng Education Department is responding by providing counseling and support services to the affected school community while emphasizing the need for a thorough review of safety protocols for future excursions.

Significant Power Outage in Pretoria: Eskom faces a major challenge with a power outage affecting over 90,000 customers in various areas of Pretoria, disrupting daily life for residents and businesses.
Eskom’s Response and Efforts: Despite lacking an estimated restoration time, Eskom’s spokesperson assures that efforts are underway to restore power promptly. The utility emphasizes transparency, apologizing for the inconvenience and appreciating customers’ patience while highlighting their commitment to resolving the issue swiftly.
Broader Implications and Long-term Solutions: The outage underscores broader issues within South Africa’s energy infrastructure, highlighting the need for long-term solutions to address challenges such as aging power plants and maintenance backlogs. Eskom’s focus extends beyond short-term fixes, encompassing investments in renewable energy, grid modernization, and collaborative efforts to ensure a resilient and sustainable energy future.

Purple Group Limited’s unaudited interim results for 2024 showcase robust revenue growth and improved profitability.
EasyEquities Group, a subsidiary, experienced significant revenue surge, cost management success, and increased profitability.
CEO Charles Savage’s strategic vision emphasizes innovation, client empowerment, and a comprehensive financial ecosystem for sustained success.

Afrimat Limited’s 2024 trading statement showcases substantial growth in earnings, with HEPS and EPS expected to rise significantly.
Key factors driving Afrimat’s performance include operational efficiency, strategic investments, and favorable market demand and economic conditions.
Despite inherent risks in the industry, Afrimat’s strong financial results and mitigation strategies position it as a promising investment opportunity.

Fortress Real Estate Investments Limited’s directors acquired Fortress B shares, indicating confidence and alignment with the company’s goals.
Steven Brown’s additional pledge of shares demonstrates responsibility in meeting financial obligations while leveraging his shareholding.
These transactions provide valuable insights for investors, showcasing strategic moves and commitment within Fortress Real Estate Investments Limited.

PSV Holdings Limited’s journey from business rescue to liquidation highlights complex financial restructuring challenges and stakeholder dynamics.
Key stakeholders like DNG Energy Limited and Regis Holdings Limited played pivotal roles in PSV’s corporate saga.
The case underscores the importance of regulatory compliance, strategic planning, and effective stakeholder communication in corporate finance.

Ms. Sade Lekena appointed as Company Secretary and Group Legal Counsel for Invicta Holdings Limited.
Brings over 11 years of experience in corporate and legal affairs, with expertise in various sectors.
Significant move to strengthen governance and legal functions within the organization.

Lighthouse Properties p.l.c. declared a cash dividend and offered a scrip distribution option to shareholders.
The scrip distribution results in 23,583,311 new shares, increasing total voting rights to 1,853,993,105.
Certificated shareholders receive cash dividends, while dematerialized shareholders receive new Lighthouse shares on May 15, 2024.

Heavy rainfall in KwaZulu-Natal has caused extensive damage to road infrastructure and properties.
At least five fatalities have been confirmed, and several individuals are missing following recent floods.
Efforts for national government intervention are underway to address the crisis, including rescue operations and infrastructure repair.