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New bridge cuts commuter costs by R3 million per year |
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 Construction has begun on a R15 million bridge and access road that will give residents of the Mlungisi township near Stutterheim easier access to the town centre. The bridge, which is funded by the National Treasury’s Neighbourhood Development Partnership Grant and implemented by the Amathole District development agency Aspire and the Amahlathi Municipality, will halve the distance of residents’ journey to Stutterheim.
For generations, residents of the Mlungisi township have had to travel four kilometres on treacherous roads or walk two kilometres through a steep, slippery valley to reach Stutterheim.
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Eastern Cape’s first wine estate to reap first harvest this month |
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Kick-started by a R3,2 million Eastern Cape Development Corporation (ECDC) loan, the Eastern Cape’s first wine estate, Cob Creek Wine Estate in Jeffrey’s Bay, is set to reap its first commercial harvest at the end of February.
Nestled on a hill overlooking the Kabeljous river, the estate expects to harvest between one to two tons of grapes per hectare which will grow to 10 tons per hectare over the next two seasons as the crops reach maturity. The brainchild of three Eastern Cape entrepreneurs Greg Ferguson, Liziwe Peltenburg and Adelheid Peltenburg, the estate is growing premium grapes for premium wines. After the harvest, the grapes will be processed into wine.
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ECDC and AsgiSA Eastern Cape Reaction to Budget Speech |
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“The projected 2,3% economic growth rate in the national budget speech is positive because players in the economic development field rely on government’s projections to make estimates at the local level,” says Eastern Cape Development Corporation (ECDC) acting chief executive Msulwa Daca.
But Daca warned that the 2,3% growth is embedded with risk and we need to be careful how we tread in the year ahead. This comes after Finance minister Pravin Gordhan warned that the world economy may enter a second recessionary wave in the budget speech this afternoon.
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Labour Legislation Overhaul |
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The EMPLOYMENT EQUITY ACT (NO 55 OF 1998) is set for a major overhaul this year that could have drastic implications for all employers. Enclosed are some of the proposed changes: “Designated groups” shall change to mean Black people (i.e. Africans, Coloureds and Indians), women and people with disabilities who are natural persons and: are citizens of the Republic of South Africa by birth or descent; or are citizens of the Republic of South Africa by naturalisation before the commencement date (i.e. 27 April 1994) of the Constitution of the Republic of South Africa Act of 1993; or became citizens of the Republic of South Africa from the commencement date of the Constitution of the Republic of South Africa Act of 1993, but for Apartheid policy that had been in place prior to that date, would have been entitled to acquire citizenship by naturalisation prior to that date. The implication of this is that white women who have always been part of the definition will no longer count in employment equity. This will require a re-assessment of all employment equity plans and targets. |
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makes business travel allowances not worthwhile
16th February, 2010 – New legislation effective 1 March 2010, involving major changes to business travel rules, will make the payment of a travel allowance no longer worthwhile. This is according to Ron Warren, an acknowledged tax expert and Chairman of local payroll services company nuQ, who says that the percentage of a travel allowance to be subjected to employees’ tax has been raised from 60% to 80%; and there will be no deemed kilometres allowed on assessment and only kilometres reflected in a properly kept log book will be allowed as a deduction from the travel allowance paid to the employee. |
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