Cityâs flagship entities taking financial strain as the pandemic rages on
By Bulelwa Payi
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Two of the Cityâs major entities are facing severe cash flow problems and are struggling to cover operations as Covid-19 has laid waste to the economy.
The Cape Town International Convention Centre (CTICC), ranked number 1 in Africa by the International Congress and Convention Association, has been granted a lifeline of R200 million by the City.
The entity is unable to conduct its business operations due to the limitations posed by the Covid-19 regulations.
According to the City, the companyâs available financial resources were projected to last until the end of March.
SA football fraternity mourning loss of Sundowns’ Motjeka Madisha The details surrounding the incident are still unclear but it’s understood the accident happened in Kempton Park. Picture: South African Football Players Union on Twitter
106 days ago
JOHANNESBURG - The South African football fraternity is reeling from the passing of Mamelodi Sundowns defender Motjeka Madisha who died in a car accident in Kempton Park on Sunday morning.
AFP is reporting that Madisha died after crawling out of a burning car wreckage following an accident.
The 25-year-old star was one of two occupants of a car that went out of control, hit an advertising board and burst into flames in eastern Johannesburg, a club official who requested anonymity told AFP.