AGP Executive Report
Last update: 9 hours agoTax Compliance: Former Telkom CEO Sipho Maseko was convicted in his capacity as a director of five companies that failed to file more than 85 tax returns. The companies paid an R85,000 fine as part of an NPA-SARS crackdown. Municipal Energy: Cape Town has completed its R220 million Helderhoop solar-and-storage plant, which the city says could save residents at least R400 million over 20 years. Property Investment: PRASA’s property arm awarded six Western Cape sites to private developers, advancing a proposed R3.6 billion pipeline for 790 homes and 4,466 student beds. Power and Industry: At Windaba, industry leaders said corporates have secured more than 3.3GW of wind-power deals in under three years. South Africa is also pursuing 4.6GW of battery storage. Fuel Pressure: The AA warns petrol could rise by as much as R4.58 a litre in November and opposes a proposed increase in the Road Accident Fund levy. Metro Services: A $1 billion New Development Bank loan will support water, electricity, sanitation and waste upgrades in eight metros, with funding tied to verified performance targets.
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