South Africa army will send more than 10,000 troops over KwaZulu-Natal floods
April 18, 2022, 3:25 pm

South Africa army will send more than 10,000 troops over KwaZulu-Natal floods

KwaZulu-Natal floods: More than 440 people have died, and the search is continuing for 63 people who are still missing (Photo: Getty images)

Yhe BBC reported, the South African military says it is deploying more than 10,000 troops to help with relief and rescue operations following the devastating floods that swept through parts of KwaZulu-Natal province last week.

More than 440 people have died, and the search is continuing for 63 people who are still missing. Some of them were swept away by swollen rivers and mudslides.

The government has declared KwaZulu-Natal a disaster area, and officials described the floods as some of the worst to ever hit the province.

KwaZulu-Natal premier Sihle Zikalala said that nearly 4,000 homes were destroyed and more than 8,000 were damaged, most in the coastal city of Durban and its surrounding areas.

KwaZulu-Natal floods: Sniffer dogs are being used to find bodies (Photo: BBC via Reuters)

Local media reported, both the police and army were involved in the search effort, with six more bodies recovered on Sunday (Apr 17).

In a statement, the South African National Defence Force (SANDF) said its troops would bolster search and rescue operations, as well as assist in transporting aid to victims.

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It added, army plumbers and electricians would also work in areas that have been without water and electricity for a week.

Some communities are completely cut off because roads and bridges have collapsed. Imtiaz Syed, the leader of the Active Citizens' Coalition, said: "We don't have electricity in many, many areas."

Nearly 300 schools and some health facilities have also been damaged. KwaZulu-Natal premier Sihle Zikalala said that people needed to stop building homes along river banks.

He said: "Many still remain precariously perched on the edge of the river. In reality, no building should ever have been allowed to be erected at such a location."

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In a visit to flood-affected areas last week, South Africa's President Cyril Rampahosa said the government would "spare no expense" to rebuild the infrastructure and assist all affected families.

According to weather experts, climate change may be contributing to changing patterns and making such extreme events more frequent.

The BBC said, the rainfall has since eased but the amount of rain which fell last Monday was equal to about 75% of South Africa's average annual precipitation.

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It mentioned that the weather system which triggered the floods saw more than 300mm of rainfall being dumped over a 24-hour period on 11 April - far more than previous serious floods.

It should be noted that in 2019, 165mm fell on in April and 108mm was recorded in October 2017.

Source: BBC

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.