Business

In City Press Business: What it takes to be a millionaire; Nuclear back on the table; Taxis rev up on natural gas

2019-10-20 06:00

Some of the headlines in the Business section of your City Press this week:

ENERGY INTERVENTIONS

Minister of Energy and Mineral Resources Gwede Mantashe released the Integrated Resource Plan on Friday, detailing South Africa’s future energy and urgently calling for independent producers to step in to stabilise the country’s energy supply.

Going nuclear is also back on the table.

FRAUDSTERS GO UNPUNISHED

NDPP head Shamila Batohi told Parliament about the poor prosecution rate of those responsible for waste, maladministration and fraud at municipalities.

She said that just 9 of 293 cases had been finalised in court.

REVVING UP ON GAS

About 1200 minibus taxis in Johannesburg have converted to using natural gas.

In an average month, the use of gas can halve the fuel bill that taxis face.

Although this trend is growing, South Africa is still far behind other countries in converting to a cleaner carbon emission.

WHAT DOES IT TAKE TO BE A MILLIONAIRE

If you want to see six zeroes on your bank slip, it takes time, discipline and how you are consistently able to put away money each month. Putting away R5000 a month will get you there in 10 years. Stealthy Wealth unpacks the permutations.

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November 10 2019