October Coverage Report

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Castings SA01 October 2016, p.16

Germiston City News07 October 2016, p.16

Germiston City News07 October 2016, p.15

Mining Weekly07 October 2016, p.20

Germiston City News14 October 2016, p.23

Business Day (Late Final)14 October 2016, p.2

Business Day (Final)14 October 2016, p.2

Kempton Express20 October 2016, p.27

Germiston City News21 October 2016, p.18

The New Age21 October 2016, p.3

The Citizen (Johannesburg Edition)21 October 2016, p.8

The Citizen (Pretoria Edition)21 October 2016, p.8

The Citizen (KZN)21 October 2016, p.8

The Citizen (Country Edition)21 October 2016, p.8

Sowetan (Late Final)21 October 2016, p.10

Sowetan (KZN)21 October 2016, p.10

Sowetan (Limpopo)21 October 2016, p.10

Sowetan (Early Edition)21 October 2016, p.10

Sowetan (Free State)21 October 2016, p.10

Daily Sun (Free State/Northern Cape)21 October 2016, p.5

Daily Sun (KZN)21 October 2016, p.5

Daily Sun21 October 2016, p.5

Daily Sun (Cape)21 October 2016, p.5

Daily Sun (Tshwane)21 October 2016, p.5

Daily Sun (Limpopo/Mpumalanga/North-West21 October 2016, p.5

Daily Sun (Eastern Cape)21 October 2016, p.5

The Times (Eastern Cape)21 October 2016, p.4

The Times (KZN Edition)21 October 2016, p.4

The Times (First edition)21 October 2016, p.4

The Times (second edition)21 October 2016, p.4

The Times (Cape edition)21 October 2016, p.4

The Star21 October 2016, p.2

The Star (Country edition)21 October 2016, p.2

Sowetan (Free State)24 October 2016, p.7

Sowetan (Early edition)24 October 2016, p.7

Sowetan (Limpopo)24 October 2016, p.7

Sowetan (KZN)24 October 2016, p.7

Sowetan (Late final)24 October 2016, p.7

Tame Times (Boksburg, Benoni & Reiger Park)25 October 2016, p.6

Germiston City News28 October 2016, p.30

ONLINE

Witbanknews.co.za - Witbank NewsUIF commits millions to Scaw Metal to save jobs03 October 2016Article link: http://witbanknews.co.za/79497/uif-commits-millions-to-scaw-metal-to-save-jobs/

Millions of Rands were signed in an agreement between the Unemployment Insurance Fund and MerSETA to aid Scaw Metal employees during the difficult trading conditions in the steel industry.

Although the UIF has recently signed a R11 958 732 agreement with MerSETA to fund the training of 325 employees from Scaw Metal for a period of six months, only the Germiston branch’s 325 employees will benefit from the training lay off scheme, and not members of the Witbank Distribution branch.

“Only the 325 employees at the Germiston branch will undergo the TLS, this will not affect the Witbank distribution branch,” said Dud Ndlovu, head of communications.

This comes after Scaw Metal’s application to the CCMA in March 2016 was reviewed, pending their possible retrenchments.

training lay-off is a temporary suspension of work of a worker or a group of workers that are facing a risk if retrenchment due to their company being in distress as a result of economic conditions.

Under the scheme workers agree to forego their normal wage to attend the training programme and accept a training allowance during the training period. Employers gain a recovery period by reducing payroll costs for a stipulated period whilst improving the skills of their workers at limited costs to the company.

Germistoncitynews.co.za - Germiston City NewsScaw loses first game05 October 2016Article link: http://germistoncitynews.co.za/135029/scaw-loses-first-game/

Germistoncitynews.co.za - Germiston City NewsFirst game loss for Scaw05 October 2016Article link: http://germistoncitynews.co.za/134833/first-game-loss-for-scaw/

The Tembisa Cricket Club’s Mohammed Raju gives a powerful hit as Scaw Metal Cricket Club’s wicket keeper Terrance Duvenhage looks on. The two teams met in their first Promotional League fixture of the Easterns Cricket League on Sunday at the Scaw Main Oval, in Dinwiddie. For more photos and a video, visit www.germistoncitynews.co.za.The Easterns Cricket League kicked-off on Sunday.

Germiston’s Scaw Metal Cricket Club faced the Tembisa Cricket Club in their first match of the Promotion League at the Scaw Main Oval in Dinwiddie.

Scaw won the toss and sent the Tembisa club in to bat. Tembisa scored 135 runs before the final wicket fell.

Despite the best efforts from Scaw’s batsmen, they could only manage 113 before the final wicket fell, resulting in Tembisa winning by 22 runs.

“The pick of the bowlers were Scaw’s Trent Murray who took five wickets for 35 runs in eight overs and Jacques Jansen van Vuuren, who bagged three wickets for 27 runs in 10 overs,” said the local club’s captain, Martiens Grobler.

“The batting collapsed in the top order which did not help us at all.

“The only two players who made a difference with the bat were Garreth Hann, who made 38 runs, and Jacques Jansen van Vuuren with 20 runs.”

Trenton Murray was the man of the match with his five wickets.

“We were a bit worried when we had lost six wickets and only had 123 runs on the board, but we picked up and managed to secure a win,” said the Tembisa Cricket Club’s captain, Anthon Mabuza.

“This is our first time playing in Germiston and the facilities, environment and the pitch are good.”

Grobler said it is back to the drawing board for their club.

“We will take this as a good learning curve for us,” he said.

Germistoncitynews.co.za - Germiston City NewsScaw commences season05 October 2016Article link: http://germistoncitynews.co.za/video_of_the_day/scaw-commences-season/

Germistoncitynews.co.za - Germiston City NewsGermiston bowl over the competition11 October 2016Article link: http://germistoncitynews.co.za/video_of_the_day/scaw-commences-season/

The Germiston City Cricket Club’s Jan van Wyk powers the ball away during the club’s first match in the Easterns Cricket League. The team faced the Wattville Cricket Club in their fourth league match, at the Germiston City Sports Grounds.The Germiston City Cricket Club began their Easterns Cricket League campaign with an impressive win over the Benoni-based Wattville Cricket Club.

The two teams took to the pitch at Germiston City Sports Grounds for their Fourth League match, on Saturday afternoon.

Germiston, who were in high spirits, won the game comfortably by 93 runs, with one wicket in hand.Winning the toss and selecting to bat first, Germiston posted a score of 254 runs for nine wickets, in their 30 overs at the crease.

Johan Botha was the team’s top batsman of the day, scoring 42 of the day’s runs, with Casper van Wyk and Jan van Wyk tallying the next highest run rates, with 36 and 32, respectively.

It was then Wattville’s turn to bat.

Thanks to a strong fielding effort from Germiston, the visiting club managed to get to only 161 runs, with three wickets in hand, in their 30 overs.

Germiston’s Tyrell Hendrikz took four of the club’s wickets. and Kevin Cox two wickets.

The club will next face the Benoni Northern’s Cricket Club, in a home match, on Saturday afternoon.

Players will take to the field at 1.15pm.

Germistoncitynews.co.za - Germiston City NewsA weekend of success12 October 2016Article link: http://germistoncitynews.co.za/135247/a-running-success/

Billy Millar from the Elsburg Eagles Cricket Club takes to the crease in the side’s Promotional League match on Sunday, at the Scaw Main Oval in Dinwiddie against the Etwatwa Cricket Club.The Elsburg Eagles Cricket Club, formally known as Scaw Metals Cricket Club, had a successful weekend, winning both their Saturday and Sunday matches in the Easterns Cricket League.

Both of the side’s matches were played at home at the Scaw Main Oval in Dinwiddie.

On Sunday, the club continued their Promotional League campaign with a match against the Benoni-based Etwatwa Cricket Club.

Elsburg won the match by 22 runs, after winning the toss and deciding to bat first.

The side posted a score of 178 all out in 50 overs, with Trent Murray named the top batsman for the Elsburg team, scoring 87 of the day’s runs.

The Etwatwa Cricket Club came in to bat, but the strong fielding and bowling from the home side meant the visitors only scored 156 runs before they were bowled out.

Elsburg’s top bowlers were Garreth Hann, with five wickets for 45 runs in 10 overs and Jacques Jansen van Vuuren, with two wickets for 28 runs in eight overs.

The men of the match awards went to Murray, for his batting, and Hann for his skill in the field.

This side also played in the Easterns Cricket League first league on Saturday afternoon, facing the Tembisa Cricket Club.

Elsburg were once again the victors, winning the match by 130 runs with six wickets in hand.

Tembisa batted first and made 126 runs all out in 35 overs, with Murray taking three wickets for 14 runs in seven overs and Jeandre Cloete taking two wickets for 12 runs in seven overs.

The home team was able to catch and beat the score set in just 20 overs, only losing four wickets.

Billy Millar shone on the day, scoring 56 of the team’s runs and Murray scoring 30.

Man of the match was awarded to Millar for his overall performance. In addition to his 56 runs, he also took one of the match’s wickets.

“Well done to the team on a good start for the Saturday season and a successful win in the Promotional League,” said Martiens Grobler, the team captain.

The Elsburg Eagles Cricket Club’s next two matches will be played away; the side will face the Daveyton Cricket Club in the first league on Saturday and the Avion Cricket Club in the Promotional League on Sunday.

Fin24.com - Fin 24IDC didn't lose any money with Oakbay loan - CEO13 October 2016Article link: http://www.fin24.com/Economy/idc-didnt-lose-any-money-with-oakbay-loan-ceo-20161013

Cape Town – The Industrial Development Corporation (IDC) did not lose any money when it restructured its loan with Gupta-linked Oakbay Resources, said its CEO Jeffrey Qhena.

He was part of a delegation from the state-owned entity who briefed MPs who belong to the Portfolio Committee on Economic Development on Thursday about the IDC’s annual report of 2015/16.

Earlier this year, it came to light that the IDC restructured a loan with Oakbay charging the company a reduced interest rate of prime plus 2%. The deal raised suspicions that the transaction was due to political considerations, as the Gupta family has strong connections with President Jacob Zuma. Qhena, however, vehemently denied this, insisting that the restructuring deal was done because it made commercial sense.

In Thursday’s parliamentary briefing, Qhena, responding to a question from an MP, maintained that the IDC did not lose any money. “Also not in impairments. If anything, it was a very lucrative deal,” Qhena said.

In its briefing to Parliament, the IDC said to date Oakbay has made capital repayments of R175m, while the remaining balance of R75m is expected in the next two years at an annual instalment of R37.5m. The remaining exposure is fully secured by the original security package.

Loss-making subsidiaries

The IDC’s profits for the 2015/16 financial year fell by 87% - from R1.65bn in the previous year to R223m.

The mammoth loss was attributed to the IDC’s significant interest in two subsidiaries – steel producer Scaw Metals in which it has a 74%-stake and Foskor, a phosphates and phosphoric acid producer, which is 59% owned.

The two companies made losses in excess of R1.6bn in the current financial year.

DA MP Michael Cardo asked the IDC if it wouldn’t make sense to “rid itself” of these two Scaw and Foskor, as they have become “albatrosses around the IDC’s neck”.

Qhena, however, said its immediate plans are to retain Foskor, as it’s the only phosphate rock company in South Africa that beneficiates right through.

“We’re getting a lot of revenue from beneficiating it into phosphoric acid, which is key to the agricultural sector.” He acknowledged, though that the current weak prices puts a strain on profitability.

As for Skaw Metals, Qhena said the IDC is in the process of getting strategic equity partners, which should be concluded by the end of the next financial year in March 2018. Meanwhile, the IDC is undertaking a number of initiatives to improve the financial situation at Skaw, including closing loss-making operations and “right-sizing” of the workforce.

Futuregrowth

The IDC was also asked to elaborate on the effect asset management company Futuregrowth’s decision to hold back on loans would have on its operations.

At the end of August, Futuregrowth, a subsidiary of Old Mutual, announced it would stop lending money to six of South Africa’s state-owned entities – the IDC, Transnet, the SA National Roads Agency (Sanral), the Development Bank of South Africa and Land Bank. Futuregrowth, has however, reversed its decision on funding for Land Bank.

IDC chief financial officer Nonkululeko Veleti said in her response Futuregrowth had paid the IDC a visit, meeting with board members to iron out concerns over governance. A report on the meeting will follow in due course.

Ratings downgrade

Veleti said although ratings agency Moody’s recently cautioned that the IDC among other state-owned entities could receive a investment grade cut, the review will only be concluded in November.

“The IDC’s rating is however dependent on the sovereign credit rating South Africa will receive.”

Germistoncitynews.co.za - Germiston City News

Jacobs takes five wickets for Avion promotion side18 October 2016Article link: http://kemptonexpress.co.za/132123/jacobs-takes-5-for-promotion-side/

BOTH Avion Park Cricket Club’s Promotion and Chairman’s teams won their matches played on Sunday.

The promotion side, playing at HTS Rhodesfield, beat Scaw Metals by two wickets. Avion scored 123 all out, to which Scaw replied with 106/8.

The top bowlers were Leo Jacobs (5/39) and Wilhelm Bester (3/20). Dawie Steyn scored 50 not out and Marcel Jacobs 29 not out.

Avion’s chairman’s team beat Tembisa by five wickets at the Olifantsfontein Oval in Midrand. Tembisa were bowled out for 130.

Achin Sharma scored 35 not out and Courtney Bam 23. Sharma also took 4/30 and Derrick Gevers 3/23.

Avion’s colts lost by 18 runs against SOB Springs at Pollak Park. Springs batted first and made 148 all out. Francois Stoman took 5/29 and Michael Kruger 3/36. Avion were bowled out for 131, with Francois Marais getting 35, Michael Kruger 24, Zander Smith 18 and Devon Pienaar 15.

Junior results

U/10 A1 beat Boksburg by one wicket at Prince George Park. Boksburg batted first and scored 128/7.

Avion replied with 129/9. Keagan Pretorius (51), Dylan Scheepers (2/14), Marnus Otto (1/11).

U/8A beat Actonville by 222 runs at Laerskool Kruinsig. Avion batted first and scored 274/7. Actonville were 52 all out.

The best performers were Ethan Botha (57 runs and 2 wickets), Jaimi Coertse (44*), Edrich de Klerk (43* and one wicket), Josua Marx (37), Juan Coetzee (22 and one wicket), Jacques Hutton (2/7) and Donovan Stahnke (2/7).

U/8 B1 beat Benoni by nine wickets at Laerskool Kruinsig. Benoni were bowled out for 126. Avion reached 127/1 in 15 overs, with man of the match Rico Nel getting 52* and Drian Swanepoel 42* plus a wicket.

U/8 B2 lost against Bakerton by seven wickets, at Springs Primary School. Avion batted first and scored 87 all out. Bakerton reached 88/2 in the 16th over.

U/10 super league lost to Benoni by five wickets at Laerskool Edleen. Avion scored 169/8 and Benoni 173/5. Wian Rieckert got 61 runs and 2/17, Helgard Stadler 33 runs and 1/18.

U/10 A2 beat Champions by 105 runs at Curro Serengeti. Avion scored 130/6 and Champions 25 all out. Dylan Scheepers got 2/1, Juan Blom 2/2 and Hano Strydom 2/4.

U/12 Super League beat Benoni North by 45 runs at HTS Rhodesfield. Avion scored 151/6, with Brendon Schmidt hitting 42 off 42. Benoni were bowled out for 106. Wian Janse van Rensburg took 3/18, JP Pienaar 2/9 and Ruan Riekert 2/11.

U/14 Super League lost against Benoni by eight wickets at Hoërskool Jeugland. Avion made 137 all out and Benoni 138/2. Daniel-Luke van Zyl stood out with 40 runs.

Germistoncitynews.co.za - Germiston City NewsEagles win two out of three games20 October 2016Article link: http://germistoncitynews.co.za/135825/eagles-win-two-out-of-three-games/

The Elsburg Eagles continued their Easterns Cricket League campaign this weekend. During the team’s first league match against the Daveyton Cricket Club at Willowmoore Park on Saturday, Frans Louw (left) and Garreth Hann boasted an unbeaten partnership, making 150 runs between them.

The Elsburg Eagles Cricket Club had another successful weekend, winning two of their three weekend matches in the Easterns Cricket League.

The club’s three matches were played away, with the first being played against the Daveyton Cricket Club at Willowmoore Park on Saturday afternoon.

Elsburg won the toss in the first league match and elected to bat first, setting a total of 247 runs in their 35 overs, with Garreth Hann making 81 of the day’s runs and Frans Louw contributing 69 runs.

The pair had an unbeaten partnership of 150 runs.

The team then took to the field and bowled Daveyton out for only 80 runs.

Garreth Hann took five of the match’s wickets for only 31 runs and Schalk Groenewald took four wickets for only 24 runs.

This meant Elsburg won by 167 runs and earned a bonus point for their efforts.

The man of the match was awarded to Garreth Hann for his skill with the bat and on the field.

Sunday saw Elsburg take part in the Promotion League against Avion Cricket Club.

Once again Elsburg batted first and only managed to make 123 runs all out, in their allotted 50 overs.

The top runs came off Schalk Groenewald’s bat with 43 and Garreth Hann who made 30.

The club took to the field and despite their best efforts, Avion was able to clinch a victory with 124 runs and two wickets in hand.

Garreth Hann was named man of the match again after he claimed five wickets for only 27 runs.

“It was a hard and difficult battle between the two clubs and we are proud of the boys for the commitment they have shown,” said Martiens Grobler.

Sunday also saw Elsburg’s second side competing in the Presidents League against Champions Cricket Club.

They fielded first, holding Champions to 186 runs all out in 40 overs.

It was then Elsburg’s turn to bat, with the club winning the match by two runs with seven wickets in hand, in only 27 overs.

Top batsman Kobus Black, who was awarded man of the match, made a century, with Grobler adding 54 runs to the score board.

The team was awarded a bonus point for their win.

“This was the first game of the year for this team and we are proud of them,” said Grobler.

The team will next face the Midrand Cricket Club in a home match at the Scaw Main Oval in Dinwiddie, in the first league on Saturday.

In addition, the team will face Kwa-Thema Cricket Club in the Promotion League on Sunday at the Scaw Main Oval in Dinwiddie.

Germistoncitynews.co.za - Germiston City NewsTough weekend for Eagles26 October 2016Article link: http://germistoncitynews.co.za/136361/tough-weekend-for-eagles/

The Elsburg Eagles Cricket Club had a tough weekend, losing both their Second League and Promotion League matches. During the team’s Promotion League match against the KwaThema Cricket Club on Sunday, at the Scaw Main Oval, Garreth Hann, seen bowling, took three of the match's wickets.

The Elsburg Eagles Cricket Club suffered a blow this weekend, losing both their Second League and Promotion League clashes.

On Saturday the team faced the Midrand Cricket Club at their home ground, the Scaw Main Oval in Dinwiddie.

The club batted first and managed to get 145 runs on the board before they were all out.

Schalk Groenewald and Garreth Hann were credited with making most of the Eagles’ runs, scoring 35 and 26 runs respectively.

The Eagles then took to the field, where despite their best efforts, they were unable to crack the Midrand batting partnerships.

The top wicket taker was Schalk Groenewald who took two wickets for only 16 runs; he was awarded man of the match.

The visitors won the match with six wickets in hand.

On Sunday the Eagles continued their Promotion League campaign against the KwaThema Cricket Club, at the Scaw Main Oval