Appeal decision for proposed offshore drilling welcomed

The Department of Mineral Resources and Energy (DMRE) has welcomed the appeal decision by the Minister of Forestry, Fisheries and the Environment, Barbara Creecy, paving the way for TotalEnergies to proceed with the proposed offshore drilling of exploration wells in the South-West coast of South Africa.

As the appeal authority, Minister Creecy dismissed all the appeals, giving credence to the initial decision by the DMRE that had taken all requirements into consideration.

“South Africa is richly endowed with natural resources including oil and gas that have been proven to be game changers elsewhere in the world. The DMRE believes that these resources must be explored, in accordance with the prevailing environmental framework that ensures that licensing is done with the utmost environmental care founded on Section 24 of our Constitution,” DMRE said on Wednesday.

The Petroleum Agency of South Africa (PASA) estimates that South Africa holds 27 billion barrels and 60 trillion cubic feet (tcf) of prospective oil and gas resources on the south, east, and west coasts.

“These resources present a great opportunity for investment and to bolster the country in its quest to address energy security that will bring about the much needed economic growth and development.

“We are confident that TotalEnergies will proceed with the proposed exploration activities in line with the conditions of the license,” the department said.

Source: South African Government News Agency

Revitalisation of uMkhomazi multi-billion rand water project underway

Water and Sanitation Minister Senzo Mchunu has announced that the R23 billion uMkhomazi Water Project has been resuscitated, after being delayed for several years.

Mchunu made the announcement during a media briefing held in Durban to give an update on water security in eThekwini and other districts, particularly Phase I of the uMkhomazi Water Project.

Mchunu said the uMkhomazi Water Project will increase water security in the uMngeni Water Supply System which supplies eThekwini, uMgungundlovu, iLembe, Ugu, Harry Gwala District Municipalities and Msunduzi Local Municipality, and ensure water security in 2030.

He said, this represents progress after a number of meetings with the Ministers of Finance, Co-operative Governance and Traditional Affairs (CoGTA), and eThekwini Mayor.

Mchunu explained that the Trans-Caledon Tunnel Authority (TCTA), a state-owned entity charged with financing and implementing bulk raw water infrastructure projects, will implement the raw water component of the project, while the potable water component will be implemented by uMngeni-uThukela Water.

“This means that, the ball is now in eThekwini’s court to start consultations and complete them as soon as possible so that the project can really start without any further delays. These consultations will also enable TCTA to start raising 50% of the finance required for the project on the market.

“The remaining 50% will be funded by National Treasury, through a 25% loan to the TCTA and a 25% grant. The contribution to the project from the fiscus enables the water that will be provided to be affordable to the municipalities. We now want TCTA to proceed with planning and design work right away so that construction can start as soon as possible in 2024 / 2025,” Mchunu said.

Mchunu also reported that the department has completed the raising of the Hazelmere Dam wall by 7.02 metres, which will put additional water to eThekwini, following the floods which left Aqueducts 1 and 2 damaged.

The Minister said the repairs to Aqueduct 1 and 2 have been completed and they are back online, and will be commissioned soon.

“The shortages of water in the South and other areas require a number of accelerated activities, including the completion of repairs to eThekwini’s own south-bound Aqueduct. We are aware of several infrastructure projects by eThekwini, and these represent a positive development,” Mchunu said.

The Minister said the next priority activities would be to deal with non-revenue water and physical losses, including operations and maintenance, billing, and revenue collection.

He said the department is working in partnership with National Treasury and CoGTA to support eThekwini to improve its water and sanitation services.

In this regard, he said the city has put in place a Water and Sanitation Turnaround Strategy and the private sector as an additional component in the accelerated efforts, will play a role.

On wastewater infrastructure in the city, Mchunu announced that eThekwini and Umngeni-Uthukela Water have agreed on an immediate target of 10 wastewater plants for refurbishment, operation and maintenance, representing 90% of the effluent that the city treats.

He emphasised that eThekwini needs to sign the Service-Level Agreement soon.

Appointment of uMngeni-uThukela Water Board

The Minister also used an opportunity to introduce the newly appointed 12-member board for uMngeni-uThukela Water, which includes Advocate Vusi Khuzwayo as the Chairperson and Nothando Mkhize as the Deputy Chairperson.

Other board members are Senamile Masango; Khanyisani Shandu; Sylvia Mhlongo; Lavandran Gopaul; Hlengiwe Mvubu; Timothy Cornish; Diana Hoorzuk; Sipho Mtolo; and Sibusiso Mkhize.

“The newly appointed 12-member Board comprises of individuals who collectively possess Science, Engineering, Law, Accounting and Finance competencies,” Mchunu noted.

Source: South African Government News Agency

President Ramaphosa mourns Prof Hoosen ‘Jerry’ Coovadia

President Cyril Ramaphosa has expressed his heartfelt condolences to the family of Professor Hoosen Mahomed “Jerry” Coovadia, a leading scientist, health policy innovator, and anti-apartheid activist who has passed away at the age of 83 at his home in Durban.

The President described Coovadia as an outstanding scientist and committed anti-apartheid campaigner who dedicated himself to the liberation struggle.

The President has offered his deepest condolences to Coovadia’s wife Dr Zubeida Hamed, his son Prof Imraan Coovadia, and daughter Dr Anuschka Coovadia, on behalf of government and the nation.

The Prof, the President said, dedicated himself to the physical well-being and social inclusion of people all over the world through his enterprising mission as a scientist and architect of public health policies.

“His pioneering, globally acclaimed research into mother-to-child transmission of HIV has rendered an immeasurable legacy to humanity in terms of which persons living with HIV can live long and healthy lives subject to early detection and access to treatment.

“Our nation’s loss will be felt globally but we can take pride at and comfort from the emergence of a giant of science and an icon of compassion and resilience from our country,” the President added.

Although he faced numerous obstacles in apartheid South Africa, Coovadia established himself as a top paediatrician and became an international authority on HIV/AIDS, earning numerous awards and accolades throughout his career.

Those who have been paying their tribute have described his passing as a great loss to the scientific community and remarked that his contribution will always be remembered.

According to reports, he was appointed Associate Professor at the University of Natal now known as the University of KwaZulu-Natal (UKZN) in 1982 and ad hominem Professor in 1986.

From 1990 to 2000, he served as Professor and Head of Paediatrics and Child Health at the UKZN.

Director of Biomedical Science at the Centre for HIV/AIDS Networking (HIVAN), and the scientific director of the Doris Duke Medical Research Institute at the Nelson Mandela School of Medicine at the UKZN.

He was awarded the 2013 AAAS Award for Scientific Freedom and Responsibility. He has also received the 1999 Star of South Africa Award from President Nelson Mandela and the 2000 Nelson Mandela Award for Health and Human Rights.

The National Research Foundation (NRF), said during his career, he served as the Chairman of the Board of the UKZN Children’s Hospital Trust, a Commissioner for the National Planning Commission, and Associate Scientific Director at CAPRISA, which is home to the DSI-NRF Centre of Excellence in HIV Prevention.

Source: South African Government News Agency

Investment pledge creates 3000 jobs

The roll out of the investment of R500 million pledged by SA Taxi at the fifth South African Investment Conference hosted by President Cyril Ramaphosa in Johannesburg in April this year is gaining momentum and has already created more than 3 000 jobs.

The investment was announced as one of the pledges worth billions of rands that contributed to bringing the total value of investment pledges over a five-year investment mobilisation period to R1.51 trillion, thereby exceeding the initial target of R1.2 trillion set by President Ramaphosa.

Chief Government and Industry Officer at SA Taxi Holdings, Matsidikanye Moswane, said more than R350 million of the funding that was provided by the developmental credit provider, Transflow, has already been spent.

“The investment is being used to enable financial inclusion by extending developmental credit to small and medium enterprises (SMEs) that may otherwise not have access to credit from traditional financiers,” Moswane said.

“By providing debt funding through Transflow, the Development Bank of Southern Africa (DBSA) is empowering under-serviced and emerging SMEs to build their businesses, which in turn creates further direct and indirect employment opportunities. To date this has helped create 1 620 direct jobs and 2 700 indirect jobs,” he said.

Moswane said the SA Taxi, whose headquarters are based in Midrand, Gauteng, but has a national customer base, finances entrepreneurs who operate minibus taxis that may not otherwise have access to credit from traditional banks, contributing to job creation, and enabling and improving the safety of public transport in South Africa.

“SA Taxi is an independently owned commercial business. It is the first financial service provider to focus solely on the taxi industry. We make a vital contribution to a market sector that has a stimulating effect on the national economy at many different levels.

“Each taxi creates 1.8 new jobs related to the industry. We focus exclusively on building entrepreneurs through the medium of the taxi industry which comprises an estimated 250 000 taxis that are on the roads in South Africa,” Moswane said.

He said SA Taxi has to source the money it lends to its clients from foreign and domestic direct investment.

Source: South African Government News Agency

Investment pledge creates 3000 jobs

The roll out of the investment of R500 million pledged by SA Taxi at the fifth South African Investment Conference hosted by President Cyril Ramaphosa in Johannesburg in April this year is gaining momentum and has already created more than 3 000 jobs.

The investment was announced as one of the pledges worth billions of rands that contributed to bringing the total value of investment pledges over a five-year investment mobilisation period to R1.51 trillion, thereby exceeding the initial target of R1.2 trillion set by President Ramaphosa.

Chief Government and Industry Officer at SA Taxi Holdings, Matsidikanye Moswane, said more than R350 million of the funding that was provided by the developmental credit provider, Transflow, has already been spent.

“The investment is being used to enable financial inclusion by extending developmental credit to small and medium enterprises (SMEs) that may otherwise not have access to credit from traditional financiers,” Moswane said.

“By providing debt funding through Transflow, the Development Bank of Southern Africa (DBSA) is empowering under-serviced and emerging SMEs to build their businesses, which in turn creates further direct and indirect employment opportunities. To date this has helped create 1 620 direct jobs and 2 700 indirect jobs,” he said.

Moswane said the SA Taxi, whose headquarters are based in Midrand, Gauteng, but has a national customer base, finances entrepreneurs who operate minibus taxis that may not otherwise have access to credit from traditional banks, contributing to job creation, and enabling and improving the safety of public transport in South Africa.

“SA Taxi is an independently owned commercial business. It is the first financial service provider to focus solely on the taxi industry. We make a vital contribution to a market sector that has a stimulating effect on the national economy at many different levels.

“Each taxi creates 1.8 new jobs related to the industry. We focus exclusively on building entrepreneurs through the medium of the taxi industry which comprises an estimated 250 000 taxis that are on the roads in South Africa,” Moswane said.

He said SA Taxi has to source the money it lends to its clients from foreign and domestic direct investment.

Source: South African Government News Agency

eXp Realty Taps Real Estate Veteran Bryon Ellington To Revolutionize Agent-Driven Learning

Award-winning business development, operations leader to serve as Chief Learning Officer in this newly created role

eXp Realty Taps Real Estate Veteran Bryon Ellington To Revolutionize Agent-Driven Learning

Award-winning business development, operations leader to serve as Chief Learning Officer in this newly created role

BELLINGHAM, Wash., Oct. 03, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced the appointment of Bryon Ellington as Chief Learning Officer, responsible for developing custom, agent-driven training and coaching.

Ellington, a seasoned professional with more than 20 years of experience in real estate and coaching, brings a wealth of knowledge and expertise to eXp Realty. He will focus on developing agent-driven training at every level, setting a new standard for success in the real estate industry.

“Bryon’s dedication to agent success aligns perfectly with our values, and he excels at driving growth and new revenue streams,” said Glenn Sanford, Founder and CEO of eXp Realty. “Under his leadership, eXp Realty will become the leading brokerage in training, with a focus on delivering the best education and resources to help our agents excel. Throughout his career, Bryon has helped numerous agents achieve incredible accolades, increase productivity metrics and grow their businesses.”

Ellington’s passion is helping entrepreneurs in the real estate space build businesses beyond their dreams. “I am excited to join the eXp Realty team and contribute to its mission of empowering agents to reach their full potential,” he said. “Whether you are a new agent or lead a massive team, with eXp you can continue to grow your business to exceed your goals.”

Ellington’s impressive tenure includes notable executive roles most recently as Chief Operating Officer and Chief Development Officer at Century 21. He also held positions at Keller Williams, as Chief Product Officer and Chief Operating Officer of the KW Worldwide International Franchising division. Additionally, he served as Chief Learning Officer, where his achievements earned him the distinction of winning the Training magazine T125 Top Training Companies award for four consecutive years and induction into the Hall of Fame.

Earlier in his career, at Anywhere (Realogy), he successfully created and led the training and coaching divisions for all their franchise brands and company-owned operations.

About eXp World Holdings, Inc.
eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela® and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 89,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com

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The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.

mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia

[email protected]

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