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Daily Podcast – July 1, 2015

Daily Podcast – July 1, 2015

1st July 2015

By: Dylan Stewart
Creamer Media Reporter

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July 1, 2015.
For Creamer Media in Johannesburg, I’m Sane Dhlamini.
Making headlines:

Government sells its Vodacom stake to the Public Investment Corporation to fund its Eskom bail-out. 

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The last camp for xenophobia victims closes.

And,  the Independent Communications Authority of South Africa will finally hear the complaints from magazine publishers against the South African Post Office.

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The South African government confirmed on Wednesday that it had sold its 13.91% stake in telecoms group Vodacom to help finance a R23-billion capital injection into the embattled State-owned electricity utility Eskom.

The shares were sold to the Public Investment Corporation (or PIC), acting on behalf of the Government Employees Pension Fund.

No figure was immediately provided as to the value of the transaction, nor was there immediate disclosure on the price-per-share paid by PIC.

The transaction was widely anticipated and followed the passing by Parliament last week of the Eskom Special Appropriation Bill to enable the R23-billion appropriation announced by Finance Minister Nhlanhla Nene last year. Also approved was the Eskom Subordinated Loan Special Appropriation Amendment Bill for the conversion of a R60-billion subordinated loan into equity.

The transaction also followed on the rejection by the National Energy Regulator of South Africa of Eskom's 'selective reopener' of the third multiyear price determination so as to increase the tariff beyond the 12.69% already approved for 2015/16.


The last camp in Durban for those displaced by xenophobic violence has been closed, the eThekwini municipality has announced.

The Chatsworth camp was home to foreign nationals who were displaced during the violent attacks earlier this year.

City spokesperson Tozi Mthethwa said the foreign nationals were informed about the closure.

“The aim of establishing the interim shelter was to protect the displaced African immigrants from the then volatile situation they faced back in their communities,” said Mthethwa.

She said the foreign nationals who were living at the shelter were given an option of being reintegrated back into the communities or being repatriated to their home countries.

There were over 5 000 people accommodated in three temporary shelters in the eThekwini municipality.

 

Some six months after a formal complaint was lodged with the Independent Communications Authority of South Africa (or Icasa) by a concerned group of specialist magazine publishers against the South African Post Office (or SAPO), the matter is finally to be heard.

Spokesperson for the group of publishers, Chris Yelland, said that in terms of the relevant legislation, Icasa was tasked with the monitoring of SAPO to ensure the conditions of its licence were met, and to hear and deal with complaints against the licensee where alleged breaches of licence conditions occured.

The complainants were asking Icasa to consider and review its numerous complaints against SAPO and the financial and other damage to the magazine publishing industry caused by SAPO's extended failure to meet its licence conditions during a protracted strike, and to sanction SAPO accordingly.

This could include punitive financial sanctions against SAPO; entertaining alternative licence applications to that of SAPO; considering additional licence applications to supplement the activities of SAPO; or even the removal of SAPO's currently exclusive licence.

 

Also making headlines:
It will take up to 18 months for government and the South African National Roads Agency Limited to implement the full spectrum of proposed tariff changes for users of Gauteng’s tolled freeways.

Northern Cape Premier Sylvia Lucas, who used the word "hotnot", is guilty of hate speech and unfair discrimination and she has been ordered to apologise to the Khoi and San people.

And, a Liberian has died of Ebola in the first recorded case of the disease since the country was declared virus-free.


Don’t forget to follow us on Twitter [@PolityZA]

That’s a roundup of news making headlines today.

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