Related Articles
Top Stories
Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Cape Town - Finance Minister Trevor Manuel announced
in the National Assembly on Tuesday that additional investment will be provided to help meet universal targets on among other things water and sanitation.
The medium term budget policy statement which he presented in the house said that the bulk infrastructure required to extend these services to more households has come under pressure, and it promised that the 2009 Budget will provide additional funding to alleviate these shortages.
The bulk infrastructure grant receives R3.1bn over the next three years. The programme focuses on mainly regional and district water storage and supply capacity.
"Twelve projects valued in aggregate at R113.8m are under
construction across the nine provinces," the statement said. It added that an additional 19 projects valued at R158.8m are at design stage and another 45 at feasibility stage.
The statement also reported that the De Hoop dam - to be among the five highest in the country - is 20% complete, and the rate at which concrete will be poured will increase significantly from this month.
The dam will have a storage capacity of 330 billion litres and serve a population of 800 000 as well as 23 mines in Limpopo. Funding for the bulk distribution system will be partly met from the fiscus, with the balance financed through 20-year loans to be recovered from mining and commercial users.
- I-Net Bridge