NEWS HUB

 "Futuregrowth, a company that invests in government debt, says that the debt relief for Eskom in the upcoming budget needs to be fair to all creditors and significant enough - more than 50% - to make the company financially stable again." "Finance Minister Enoch Godongwana announced that the government will reduce Eskom's debt by one-third to two-thirds. Investors are eagerly waiting to hear the specifics, which will be revealed in Wednesday's budget. Some possible options include swapping a significant portion of Eskom's debt with government debt, or taking over a set amount of debt each year, such as R50 billion annually." Futuregrowth, a large investor in government debt, has cautioned that simply reducing 50% of Eskom's debt will not suffice to restore the company to financial stability in the long term. In order to ensure that Eskom can service its debt costs, the debt relief proposed in the upcoming budget must be significant enough and fa

  Award winning rapper AKA. The musician whose real name is Kiernan Forbes, has allegedly been shot dead in Durban on Friday. Details of his murder were still sketchy at the time of publishing this article. It is believed that AKA was supposed to perform at his birthday party on Friday. However, he was accosted by unknown gunmen who fatally him several times, in what appears to be a hit, outside a restaurant on Florida Road. The event has since been cancelled.   Another person believed to be AKA’s bodyguard, was also wounded, while another unidentified person, who is understood to be a close friend of AKA, has been shot dead. It is understood that AKA was standing outside the Wish Restaurant when he was gunned down in a drive-by shooting. Two unknown cars are believed to have opened fire on the rapper. sources htt//lolnews.com

  According to reports, South African Tourism (SA Tourism) intends to spend US$52 million (roughly R900 million) over the course of three years to sponsor the UK football team Tottenham Hotspur. The proposal offers the nation branding on the team uniform, backdrop branding during interviews, match-day advertising, partnership status, local training camps, access to tickets, and stadium hospitality. Football has a huge TV audience and can draw a lot of attention and money. But is it a successful strategy for marketing a nation? And was the money spent wisely?  Is this a wise plan for nation-branding? A recognized and effective marketing communication tool is the sponsorship of a sports team, an event, or an individual. Some destinations have embraced sports  as a marketing tool as nations, regions, and cities compete more for the attention of potential customers, in this case tourists, in the global marketplace. Destinations frequently market themselves by partnering with a sporting eve

 This week, President Cyril Ramaphosa is going to meet with Tourism Minister Lindiwe Sisulu to discuss a contested three-year, multimillion-pound sponsorship proposal with Tottenham Hotspur of the English Premier League. The gathering comes after long discussions Sisulu had over the weekend with SAT board members. "On Saturday, the board gave her a thorough explanation of the transaction. The president must now be informed as the next step. In the coming days, she will meet with the president, after which an announcement will be made, "Steve Motale, her spokesperson, said to News24 on Monday. Ramaphosa still needed to receive a briefing on the proposal, according to presidency spokesman Vincent Magwenya, and he had no plans to make an announcement about it during the State of the Nation Address. According to Magwenya, the presidency did not believe that "spending so much money in the manner that is being suggested will be justified." The proposed agreement, worth £4