Civil engineers-PE-cement industry-(18 month contract)-EXPERIENCE BUILDING CEMENT PLANTS Based in Port Elizabeth. 18 month contract initially top company-vast future opportunities R900k per annum neg depending on experience. must have degree diploma in civil engineering MUST HAVE EXPERIENCE IN BUILDING CEMENT PLANTS-THIS IS ESSENTIAL FOR THIS ROLE.
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Qualified Aea Paramedics-nelspruit
My client in Bloemfontein is desperately looking for 2 Qualified AEA paramedics to join their hospital. Starting salary:R8000 per month+medical aid, pension fund and other benefits Reference:AEApar33991 Closing date:20 June 19:00pm Requirements: HPCSA registered-AEA Between 1 and 5 years Experience Code 8 code 10 Drivers license Please send a copy of your updated CV to us at 1fourall recruitment, to apply for the listed vacancy. Only shortlisted candidates will be contacted. No telephonic applications will be considered. If you have any queries or need information on the vacancy you can call between 11am and 1pm(Mon to Friday). We do not charge candidates any fees Fax number:(086) 762 3375(Mark it attention Peter) Email:apply@1fourall.co.za Telephone number:061 403 4436
eNCA | Moody’s downgrades Eskom’s ratings with negative outlook
JOHANNESBURG – Moody’s Investor Services has downgraded power utility Eskom’s credit ratings, this just a day after announcing a downgrade of South Africa’s five major banks.
In a statement on Wednesday morning, Eskom announced that Moody’s had downgraded the corporate family rating (CFR) of Eskom Holdings SOC Limited (Eskom) to Ba2 from Ba1.
The rating agency also revised the senior zero coupon Eurobonds (Section 7 debt under the Eskom Conversion Act, 2001) rating to Ba2 from Ba1 in line with the CFR, while simultaneously, Moody’s had downgraded to Ba3/(P) Ba3 respectively the unsecured global medium term notes (GMTN) and GMTN programme of Eskom.
The outlook on all ratings was negative, Eskom added.
The power utility said the downgrade followed the rating agency’s decision to downgrade South Africa’s Sovereign credit rating by one-notch to Baa3 with a negative outlook on June 9.
“We note the Moody’s rating action as primarily driven by the downgrade of the Sovereign credit rating,” Anoj Singh, Eskom’s chief financial officer, said.
“Eskom has secured 53% of this fiscal year’s funding requirement and we remain resolute that we will fully execute the required funding for the year, albeit under challenging market conditions.
“Our liquidity levels remain healthy and Eskom’s financial profile continues to improve and stabilise. Backed by the availability of the government guarantees and the stable financial profile, we do not foresee significant impediments in the execution of the remainder of the FY17/18 funding requirement.”
On Tuesday, Moody’s pointed to a weakening government credit profile leading to its reduced capacity to provide support to banks in case of need when it downgraded the five largest South African banks with a negative outlook.
Moody’s downgraded the long-term local and foreign-currency deposit ratings of the five largest South African banks one notch above investment grade to Baa3 with a negative outlook from Baa2.
They downgraded banks were Standard Bank, FirstRand Bank, Absa, Nedbank, and Investec.
READ: South Africa’s power utility: so many red flags it’s hard to know where to start
The ratings agency said the primary driver for rating downgrades was the challenging operating environment in South Africa, characterised by a pronounced economic slowdown, and weakening institutional strength.
The rating agency had said it expected GDP growth of only 0.8 percent in 2017 and 1.5 percent in 2018, from 0.3 percent in 2016, levels significantly below the government’s target growth.
Expenditure on real gross domestic product fell by 0,8% in the first quarter of 2017 https://t.co/zDyVIRpqJM pic.twitter.com/9tzluXgTQQ
— Stats SA (@StatsSA) June 6, 2017
The South African economy last week entered a recession for the first time since 2009 after growth contracted by 0.7 percent in the first quarter of the year.
African News Agency
Fin24.com | ALERT: Moody’s downgrades Eskom, Sasol, MTN, ACSA… and more
Cape Town – Moody’s downgraded the credit ratings of Eskom, Sasol, MTN, ACSA and has taken action on eight other South African corporates.
The downgrade follows their decision to downgrade the country’s long-term foreign and local currency debt ratings by one notch from Baa2 to Baa3 with a negative outlook on Friday.
On Monday, it downgraded the credit ratings of South Africa’s top five banks, three development finance institutions, certain City Power and Sanral credit ratings, and 10 regional and local governments.
On Tuesday evening, the downgrade axe continued to fall.
Commenting on Eskom’s downgrade, Eskom’s chief financial officer Anoj Singh said Eskom noted Moody’s rating action as primarily driven by the downgrade of the Sovereign credit rating.
“Eskom has secured 53% of this fiscal year’s funding requirement and we remain resolute that we will fully execute the required funding for the year, albeit under challenging market conditions,” he said in a statement.
“Our liquidity levels remain healthy and Eskom’s financial profile continues to improve and stabilise.
“Backed by the availability of the government guarantees and the stable financial profile; we do not foresee significant impediments in the execution of the remainder of the FY17/18 funding requirement,” he said.
In a series of statements on Tuesday evening after the markets closed, Moody’s announced the following:
- It downgraded Eskom’s long-term corporate family rating (CFR) to Ba2 from Ba1 and the zero coupon eurobonds to Ba2 from Ba1 in line with the CFR, it said in a statement on Tuesday. The outlook is negative.
- It downgraded the Airports Company South Africa (ACSA) to Baa3 from Baa2; the rating outlook is negative.
- It downgraded MTN to Ba1 from Baa3 and the outlook is changed to stable from negative.
- It downgraded the global scale long-term issuer ratings assigned to Sasol to Baa3 from Baa2. The outlook on the ratings is negative.
- It downgraded to Baa3 from Baa2 the long-term issuer ratings and changed the outlooks to negative from ratings under review of the Bidvest Group and Growthpoint Properties.
- It affirmed the Baa3 long-term issuer ratings and changed the outlooks to negative from stable of Barloworld, Fortress Income Fund, Hyprop Investments and Telkom.
- The respective national scale ratings assigned to the above corporates as well as Consolidated Infrastructure Group and Kagiso Tiso Holdings were affected by the revised national scale mapping table for South Africa.
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News24.com | Women’s safety campaign launching in Johannesburg
Johannesburg – The City of Johannesburg will announce a “Woman Safety Campaign” with the University of Johannesburg (UJ) on Wednesday.
At the event, martial arts specialists will teach students the basics of self-defence, and pamphlets containing safety tips, and whistles, will be distributed.
The campaign was started in response to numerous reports of violence against women in the city. Mayoral committee member for public safety, Michael Sun, will lead the event.
It follows a march in the city last Friday, by female Johannesburg metro police and SA Police Service officers, in protests against violence inflicted on women.
The event will start at UJ’s Sophiatown residence, on the corner of Kingsway and University roads, at 14:30.
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Shape Up for Summer With Tracy Anderson’s Beach Body Boot Camp
If you’re just getting around to tightening up for shorts and swimsuit season, don’t worry—it’s not too late. I’ve got a few dynamic moves that target all your muscles, forcing you to put your full physical and mental energy into each movement. The result: You up that calorie burn while toning all over. My goal for you is to maintain a so-called summer body year-round, staying within a healthy and sustainable seven-pound weight zone. This way, you’re always ready to step out and shine.
Do 30 reps of each move in the series on one side, then repeat the sequence on the other side. Don't forget your 30 to 60 minutes of cardio six times a week.
RELATED: This Tracy Anderson Workout Will Tone Your Entire Body With Just a Towel
1. Windmill Plank with Arabesque
Kneel with feet and knees apart and hands at sides. Lean back, circling right hand backward and placing it between feet; extend left arm up (A). Windmill arms over your head and plant hands in front of body. Press hips up as you extend left leg up, toe pointed (B). Return to “A” and repeat.
2. Lifted Side Kick with Arm Reach
Lie on left side with hips stacked and knees bent; prop upper body up on left forearm. Lift hips, coming into a side plank. Lift right leg up, keeping it bent, and extend right arm straight up (A). Extend leg out as if kicking while you pull arm toward body (B). Return to “A” and repeat.
[brightcove:5438204957001 default]3. Rolling Plank into Split Stretch
Start in plank position with feet wide and right forearm and left hand down (A). Roll onto right hip until you’re faceup with forearms on the floor and legs open in a split (B). Reverse motion back to “A,” then twist chest open to the right, stepping right foot out to the side and extending right arm up (C). Return to “A” and repeat.
4. Leg Slide to Sous-Sous Plank
Kneel, then step left foot out to the side so left leg forms about a 90-degree angle. Place right palm on the floor and left hand on left knee; extend right leg back (A). Slide right leg forward as you lower right hip to the floor (B). Step right foot back, followed by the left, coming into a wide plank. Cross left ankle over right, coming into a diagonal plank; dip hips slightly (C). Step left foot forward to return to “A.” Repeat.
RELATED: This Is Tracy Anderson's Go-To Arm Workout
5. Arabesque to Hip Dip and Bridge
Kneel, then lower down so palms are on the floor and left leg extends diagonally up (A). Lower leg, coming to all fours, then twist hips so you’re seated on left hip with left forearm on the floor (B). Return to “A,” this time with left forearm on the floor. Lower leg, crossing left foot behind right as you rotate torso and push hips up into a bridge; extend left hand up (C). Return to “A” and repeat.
6. Crab with Side Extension
Sit with knees bent, feet flat on the floor, and palms on the floor next to either side of butt. Lift hips and cross right ankle over left; lift heels (A). Lean chest forward and drop hips slightly, bringing left heel to the floor as you lift right leg up and out on a diagonal, foot parallel with the floor (B). Lower right leg to return to “A.” Repeat.
Tracy's wearing: Nike Indy Cooling sports bra ($50; nike.com), Ultracor Miami-Print microfiber leggings ($185; barneys.com), Nike Air Max Thea SE Metallic sneakers ($115; nike.com).
Pin the full workout for later:
Assistant Store Manager (Nelspruit)
MPRTC Recruitment
The most essential and important resource any company can possess will undoubtedly be the talent that they employ. This is where MPCT is crucial, in that we specialise in the most diverse and complex resource; we supply people, the right people, for your company.
Release of the June 2017 Quarterly Bulletin
Publish Date: 2017-06-13
Category: Media Advisories
The June 2017 Quarterly Bulletin will be released under embargo on Tuesday, 20 June 2017.
A media lock-up will be imposed from 07:00 to 09:00 and the embargo will lift at 10:00. Members of the media who would like to attend should please contact Leisel Radebe on 012 313 4754 / media@resbank.co.za.
Link full article: Release of the June 2017 Quarterly Bulletin