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Draft bill for SA oil and gas industry sent to Parliament

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Following Cabinet approval, the Draft Upstream Petroleum Resources Development Bill will now be submitted to Parliament.
The proposed legislation will afford government - via state-owned PetroSA - the right to a 20% stake in all oil and gas exploration and production projects in South Africa.
The law will provide separates rules for the petroleum (oil and gas) and mining sector.
The bill, which was first published in December 2019, details the application system for permits, the issuing and transfer of rights.
In a statement following a meeting last week, Cabinet stated that the bill create[d] a conducive environment for investment, growth and job creation in the upstream of petroleum resources market as well as strategic stock requirements for petroleum rights holders to sell a percentage of petroleum at prevailing market price to the state petroleum company. ....

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Alert level 2: Everything you need to know - what you can and can't do

Alert level 2: Everything you need to know - what you can and can t do
Newshub
6/03/2021
Lana Andelane
© Video - Newshub; Image - Getty
Watch: Prime Minister Jacinda Ardern s Friday press conference where she announced the alert level change.
Auckland is officially in alert level 2 after enduring seven days under the more restrictive level 3 curbs.
On Friday, Prime Minister Jacinda Ardern announced the Super City would shift back to alert level 2 as of 6am on Sunday. Following Cabinet s review of the current alert levels, it was also decided that the rest of New Zealand could move to alert level 1 - the setting closest to pre-pandemic normality. ....

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5 years later PRASA gets permanent CEO

5 years later PRASA gets permanent CEO
Siyanda Ndlovu
Prasa headquarters. Picture: Moneyweb
Transport minister Fikile Mbalula said that the most urgent task confronting Prasa was to get trains back in service.
Following Cabinet’s approval, Transport Minister Fikile Mbalula announced officially on Saturday Zolani Mathews as the new CEO of the embattled Passenger Rail Agency of South Africa (Prasa.)
Matthews replaces Thandeka Mabija, who was appointed as acting CEO late last year by the new Prasa board.
“We inherited a broken organization from years of poor performance, rampant corruption, and poor culture of accountability,” said Mbalula before the announcement at the Langa train station in the Westen Cape. ....

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Украинские банки в 2021: Рейтинг надежности

Украинские банки в 2021: Рейтинг надежности
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