Lesotho project a boon for SA

South Africa and Lesotho began work yesterday on the second phase of a project that will boost the water the continent’s biggest economy gets from the landlocked mountainous kingdom by 50 percent in eight years. The two nations will spend R15.5 billion on a series of tunnels and dams that will allow more water to flow to South Africa from Lesotho, which receives 60 percent more rain than its neighbour. The Lesotho Highland Water Project will also generate hydro-electric power. “The project represents a win-win mechanism,” President Jacob Zuma said yesterday. – Bloomberg


R1bn to rezone Richmond Park

Over R1 billion would be spent on developing the Richmond Park area in Cape Town, city officials said on Wednesday. “The rezoning of the land for light industrial use will bring direct economic benefits to the claimant community who were forcibly removed from this land more than 50 years ago,” mayoral committee member for human settlements Tandeka Gqada said. The city approved the rezoning on Wednesday. There were 28 families living on the land, of which nine were part of the Richmond Park Restitution Claimant Community. – Sapa


NCOP gives nod to new laws

The National Council of Provinces (NCOP) approved changes to oil and mining laws that will give the state a free stake in new energy ventures and may force some mining companies to sell part of their output to local manufacturers. The adoption of the amended Mineral and Petroleum Resources Development Act by Parliament’s second chamber at a sitting in Cape Town yesterday clears the way for it to be signed into law by President Jacob Zuma. – Bloomberg