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Saudi Arabia pledges to invest R133bn in South African energy sector

Saudi Arabia pledges to invest R133bn in...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest 10-billion about R133-billion in the country. This is expected to be invested in the energy and power creation sectors.Ramaphosa was received by Saudi Arabian Minister of African Affairs Mahomed bin Adullah Al-Kattan, at the King Abdulaziz International Airport in the Kingdom of Saudi Arabia.Ramaphosa met with King Salman bin Abdulaziz al Saud in the port city of Jeddah on Thursday. South Africa imports an estimated 47% of its oil from Saudi Arabia, and Pretoria regards the country as a strategic partner in the...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when Saudi Arabia committed to invest 10-billion about R133-billion in the country. This is expected to...

President Cyril Ramaphosa’s ambitious plan to attract 100-billion to kick start the country’s struggling economy got a major boost on Thursday, when...

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You can’t have your cake and eat it, Sanral’s Macozoma warns govt, South Africans

You can’t have your cake and eat it, San...

South Africa is in critical need of a funding model for its road infrastructure. “The situation with toll in this country now is that, number one, people are anti-toll, and now we can’t toll anything,” said South African National Roads Agency Limited Sanral CEO Skhumbuzo Macozoma on Monday at the Southern African Transport Conference, held in Pretoria. “We are sitting with R128-billion worth of projects that were earmarked to be built. They can’t. On the other hand, people are anti-fuel levy now. So now, you can’t use the fuel levy. And then public funds are not sufficient.”Macozoma’s reference to the fuel levy comes in the wake of recent criticism on the taxes being levied on fuel, as...

South Africa is in critical need of a funding model for its road infrastructure. “The situation with toll in this country now is that, number one, people are anti-toll, and now we can’t toll anything,” said South African National Roads Agency...

South Africa is in critical need of a funding model for its road infrastructure. “The situation with toll in this country now is that, number one,...

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Raubex Infra Paves the Rocky Road to Soft Living

Raubex Infra Paves the Rocky Road to Sof...

Work is well underway to open a second phase Bergendal at Bloemfontein’s sought-after Woodland Hills Wildlife Estate residential development. Raubex Infra’s civils division is currently putting vital infrastructure such as storm water pipes, water reticulation, sewers and streets in place. According to Raubex Infra site agent, Jaco de Jager, the work will make way for another 84 properties of 1,000 m2 each and includes the upgrading of an access road from the provincial R700 route nearby to the Bergendal Gate as well as some enhancement to the R700 itself. On the Woodland Hills site, work is underway to complete 21,000 m3 of mass earthworks, 22,000 m3 of layer works, and 6,300 m3 of trench...

Work is well underway to open a second phase Bergendal at Bloemfontein’s sought-after Woodland Hills Wildlife Estate residential development. Raubex Infra’s civils division is currently putting vital infrastructure such as storm water pipes, water...

Work is well underway to open a second phase Bergendal at Bloemfontein’s sought-after Woodland Hills Wildlife Estate residential development. Raubex...

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