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Wed 24th Nov 2021
News Headlines 07:30
Wed 24th Nov 2021
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NEWSFLASH NEWS AGENCY 24 November 7 am

Good morning,

In this bulletin:

# Eskom wants government support of between R150 billion to R200 billion to halve its debt
# Bathabile Dlamini is set to go on trial for perjury today
# And, South African DJ Black Coffee has been nominated for a Grammy

# Eskom says it still needs the government’s financial support until it can resolve issues linked to cost efficiencies, municipal debt, and achieving cost-reflective tariffs. The power utility’s chief financial officer Calib Cassim told Parliament’s standing committee on Public Accounts, that they have submitted to the government that it provides support in the region 150-billion-rand to 200-billion-rand to halve its debt. Cassim says Eskom has a debt burden of near 400-billion-rand, which cannot be serviced with its current cash flow and operations.

# Former Social Development minister Bathabile Dlamini is set to appear in the Johannesburg Regional Court today for the start of her perjury trial. She is accused of lying under oath while testifying during an inquiry established by the Constitutional Court into her role in the 2017 social grants crisis. Phindi Mjonondwane of the National Prosecuting Authority says Dlamini is expected to plea before the state calls its first witness:

Play sound: ENG Dlamini

# The South African Revenue Service has extended the filing season deadline for non-provisional individual taxpayers to 2 December. This is done to accommodate taxpayers whose filing was affected by various challenges. SARS has also extended the date for levying penalties on taxpayers who had not filed their returns to January. SARS says it hopes taxpayers will meet their legal obligations, and that the extension of the deadline will encourage greater compliance.

# The World Health Organisation has warned that the total Covid-19-related deaths across Europe are likely to top two million by March next year. Reported deaths from the virus have already passed the 1.5-million mark for the 53 countries that make up the WHO European region. The WHO’s Hans Kluge says it was essential that countries adopted a vaccine plus approach, this means getting the standard doses of vaccine and taking a booster if offered:

Play sound: ENG KlugeOnVaccines

# Cricket: South Africa A side ended day one of the first of three four-day matches against India A on 343 for three at the Manguang Oval in Bloemfontein yesterday. Captain Pieter Malan ended the day unbeaten on 157, while Tony de Zorzi grabbed 117, as the pair shared a 217-run third-wicket stand. Navdeep Saini, Arzan Nagwaswalla and Umran Malik claimed one wicket each.

# Financial indicators: The dollar is trading at 15-rand-86-cents and the euro at 17-rand-82-cents. One British pound costs 21-rand-20-cents and Bitcoin trades at 56-thousand-428-dollar-4-cents. Gold is selling at one thousand-795-dollars-27-cents a fine ounce and Brent crude oil is quoted at 82-dollars-25-cents a barrel.

# And finally: South African DJ Black Coffee, whose real name is, Nathi Maphumulo, has been nominated for a Grammy in the Best Dance/Electronic Album for his album Subconsciously. This is his sixth album, and first in five years. The world-renowned DJ tapped a diverse, talented group of collaborators for this album, including vocalists Usher, Sabrina Claudio, and Celeste. The 64th Grammy Awards will be held in Los Angeles on the 31st of January.

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