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You are here: Home / Archives for News

News

20 September 2023

Unlocking the Potential of Your Business with Expert SEO in Jhb

Location: MyPR

In the fast-paced world of digital marketing, staying ahead of the competition is crucial. Especially in a vibrant city like Johannesburg, where businesses are continually evolving, you need a solid online strategy to make your mark. One of the most effective ways to achieve this is through SEO. If you’re looking for Johannesburg SEO solutions …

Read moreUnlocking the Potential of Your Business with Expert SEO in Jhb
20 September 2023

Family demands answers after teen’s body disappears from state morgue

Location: News

Department and police fail to answer questions because they are still investigating three years later

Read moreFamily demands answers after teen’s body disappears from state morgue
20 September 2023

Entries Closed For Rip Curl GromSearch Seal Point presented by The Cape St Francis Resort

Location: MyPR

Entries Closed For Rip Curl GromSearch Seal Point presented by The Cape St Francis Resort     Seal Point, Cape St Francis – it only took a few days for the entries to max out for the Rip Curl GromSearch Seal Point. This popular tournament is the final contest in a 5-event series and will …

Read moreEntries Closed For Rip Curl GromSearch Seal Point presented by The Cape St Francis Resort
20 September 2023

Electricity Minister to co-host South African Transmission Financing Seminar

Location: News

Electricity Minister to co-host South African Transmission Financing Seminar

Minister in The Presidency for Electricity, Dr Kgosientsho Ramokgopa, is expected to co-host a Transmission Financing Seminar with the Johannesburg Stock Exchange (JSE) on Thursday.

The Minister will deliver a keynote address at the seminar.

According to a statement, the seminar is aimed at galvanising “discussions on the financing of South Africa’s Transmission Development Plan, which seeks to expand, support and secure the sustainability of South Africa’s energy mix and electricity supply”.

“The development and expansion of South Africa’s electricity transmission infrastructure is a critical cog to enabling diverse energy solutions, which are geographically located in various parts of the country, to contribute to the country’s electricity grid.

“This will significantly strengthen and increase South Africa’s electricity supply and capacitate the energy sector in meeting global decarbonisation targets and ensuring South Africa’s long-term energy security and energy sovereignty,” the statement read.

Various industry stakeholders are expected to attend the seminar.

“The seminar will bring together government, energy industry veterans and potential private sector investors to engage in a critical conversation on South Africa’s transmission infrastructure requirements for long-term energy security; explore alternative funding mechanisms for maintaining, modernising and expanding the national grid and an exchange on international experience of countries that have had similar challenges and what models were pursued to overcome these challenges,” the statement read. – SAnews.gov.za

NeoB
Wed, 09/20/2023 - 09:25

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Read moreElectricity Minister to co-host South African Transmission Financing Seminar
20 September 2023

Navigating Web Optimization in Johannesburg

Location: MyPR

In the digital age, having a strong online presence is more important than ever, especially for businesses in bustling cities like Johannesburg. From SEO to social media marketing, there are various ways to boost your online visibility. In this article, we’ll explore some of the most effective digital marketing strategies in Johannesburg. Why Digital Marketing …

Read moreNavigating Web Optimization in Johannesburg
20 September 2023

Cybersecurity Summit Heads to Johannesburg

Location: News
IT News Africa

In a digital landscape fraught with cyber threats, the imperative for updated cybersecurity strategies in public institutions has never been more pressing. Recent high-profile cyber incidents, such as the ransomware attacks targeting key South African entities including the City of Johannesburg (https://apo-opa.info/3LvDAnI), Transnet (https://apo-opa.info/3Lwf1r3), and the Department of Justice (https://apo-opa.info/44Yl6U6), have underscored the vulnerability of public sector organizations and State Owned Enterprises (SOEs) to the relentless pursuits of hackers and cyber criminals. To address this critical issue head-on, the stage is set for the upcoming Public Sector Cybersecurity Summit 2023 (https://apo-opa.info/3rc4GK1) (#PubliSec2023), scheduled for October 3rd in Johannesburg, South Africa.

Download the document: https://apo-opa.info/3t0Z7hY

Interpol's African Cyberthreat Assessment Report for 2021 (https://apo-opa.info/3t0Z7hY) cast a stark light on the situation, revealing that cyber attacks exact a staggering R2.2 billion toll on South Africa annually. Further compounding this statistic, an insightful report by Accenture on digital safety (https://apo-opa.info/3ZoGVuB) divulged that South Africa contends with an average of approximately 577 malware attacks per hour.

The significance of the cyber threat is neither localized nor restricted. The African Union encountered a crippling cyber onslaught (https://apo-opa.info/3rnX4Eb) earlier this year, resulting in the paralysis of its systems and rendering employees bereft of access to both work emails and the broader internet. Meanwhile, efforts to disrupt the Grand Ethiopian Renaissance Dam (GERD) (https://apo-opa.info/46iSXIo) and the country's major financial institutions were thwarted by Ethiopian authorities in 2022. Shumete Gizaw, the director-general of the Ethiopian Information Network Security Agency (INSA), underscored the gravity of the situation, revealing that a staggering 37,000 interlinked computers used by financial institutions had been targeted in the failed cyber attacks.

In the wake of this alarming surge of cyber incursions on public sector domains, the clarion call for proactive cybersecurity strategies has become resonant. Government departments, agencies, and State Owned Enterprises must now recalibrate their cybersecurity outlooks and undertake substantial investments in infrastructure, skills development, and cutting-edge technology. These proactive measures will be pivotal in not only mitigating existing vulnerabilities but also in erecting robust barriers against potential future attacks.

The Public Sector Cybersecurity Summit 2023 (https://apo-opa.info/3rc4GK1) offers a rallying platform for stakeholders invested in safeguarding public sector interests against the escalating tide of cyber threats. By participating in this significant event, attendees will gain exposure to the latest insights, best practices, and case studies that collectively form the bedrock of effective cybersecurity measures. The summit also presents an invaluable networking opportunity, where attendees can connect with peers and solution providers to exchange perspectives, challenges, and innovative strategies.

To register for the summit and secure your seat among the vanguard of cybersecurity resilience, visit https://apo-opa.info/3rc4GK1. 

For organizations aiming to amplify their participation and engagement in this pivotal cybersecurity discourse, sponsorship opportunities are available. To explore these avenues further, download the summit brochure at https://apo-opa.info/3rc4GK1. The Public Sector Cybersecurity Summit 2023 is a watershed moment in fortifying the digital defenses of government entities and State Owned Enterprises. The journey towards cyber resilience begins here.

Distributed by APO Group on behalf of IT News Africa.

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20 September 2023

Navigating the Digital Marketing Landscape in Johannesburg

Location: MyPR

In today’s fast-paced digital world, having a strong online presence is more crucial than ever. This is particularly true in bustling cities like Johannesburg, where businesses face stiff competition. In this blog, we’ll explore some key strategies to boost your online visibility and delve into the nuances of digital marketing. The Importance of Digital Marketing …

Read moreNavigating the Digital Marketing Landscape in Johannesburg
20 September 2023

Does Branded Merchandise Still Maintain A Space In Modern Marketing?

Location: MyPR

In today’s ever-evolving marketing landscape, where digital strategies often dominate the conversation, one element continues to stand the test of time – that of branded merchandise. International research shows that this steadfast pillar of modern marketing, commonly known as promotional products, has remained a powerhouse in successful campaigns for decades. In fact, according to Chris …

Read moreDoes Branded Merchandise Still Maintain A Space In Modern Marketing?
20 September 2023

The Evolution of Skyworth TVs: A Journey Through Time

Location: MyPR

Introduction In the realm of television technology, few brands have made as significant an impact as Skyworth TV. With its roots deeply embedded in innovation and a commitment to excellence, Skyworth has carved a niche for itself in the global TV market. But what is the story behind this brand that has become synonymous with …

Read moreThe Evolution of Skyworth TVs: A Journey Through Time
20 September 2023

Nienaber Makes Wholesale Changes For Ireland Crunch Match

Location: Sport

Springbok coach Jacques Nienaber made 13 personnel changes and a positional switch as well naming a seven-one split in favour of the forwards on the replacements’ bench for Saturday’s third Rugby World Cup pool encounter against Ireland. Nine players who sat out Sunday’s 76-0 win over Romania return to the starting line-up while four others …

Read moreNienaber Makes Wholesale Changes For Ireland Crunch Match
20 September 2023

RICA bill misses the chance for real reform

Location: News

As Concourt deadline approaches, there are still too many loopholes in the law that allow privacy rights to be infringed

Read moreRICA bill misses the chance for real reform
19 September 2023

African solidarity key to future pandemic preparedness

Location: News

African solidarity key to future pandemic preparedness

Africa’s pandemic prevention, preparedness and response should be characterised by unity, solidarity and coherence between countries as was the case during the COVID-19 pandemic.

This according to President Cyril Ramaphosa who was addressing the Uniting Behind a Common Africa Position on Pandemic Preparedness, Prevention and Response (PPPR) Summit on the sidelines of the ongoing United Nations General Assembly (UNGA) in New York.

“In the same way as we responded to COVID-19, Africa’s pandemic prevention, preparedness and response efforts should be defined by unity, solidarity and coherence. As far as I know, we in Africa are possibly the only continent that succeeded and managed to develop a clear strategy on how to respond to COVID-19. A well-articulated strategy, well developed strategy that enabled our continent, in more ways than one, to navigate its way through COVID-19.

“Likewise, Africa should set its own agenda to fit into the global plans. Africa is justified in wanting to have self-reliance in pandemic prevention, pandemic preparedness and response, or PPPR. Africa experiences over 100 infectious disease that have broken out quite often in a year, most of which we manage to contain,” he said.

Leaning further into Africa’s response to COVID-19, President Ramaphosa reminded those gathered at the PPPR Summit about the strides the continent made during the height of the pandemic.

“During COVID-19, Africa emerged as a leader in genomic surveillance. On two occasions, we were the first to alert the world to new COVID-19 variants. 

“The relative success of Africa’s COVID-19 Response Strategy should be studied and documented. We need to understand the effect of factors such as the high degree of cross-border cooperation, local expertise, the relatively young population and the impact of partnerships. These learnings can form the basis of an informed, proactive strategy.

“Together, we built a solid foundation for PPPR…by strengthening our public health institutions. We initiated a pharmaceutical manufacturing strategy, established a model for continent-wide pooled procurement and exposed African products to the global market through the Africa Medical Supplies Platform.

“If ever there was a moment when our continent really showed positive signs of integration in practical terms, going just beyond talking about integration, it was during the COVID-19 pandemic,” he said.

President Ramaphosa emphasised that a combination of climate change and the increased movement of people has caused an increase in the frequency of outbreaks worldwide – making the need for pandemic preparedness a pressing matter.

“This means preparation is urgent and will not wait for us to make up our minds at the Intergovernmental Negotiating Body. 

“It is for this reason that we support the establishment of an interim medical countermeasures coordination mechanism. However, it must correct the mistakes of ACT-A [Access to COVID-19 Tools Accelerator] and be founded on a firm principle of accountability and fair governance characterised by a partnership of equals. 

“We support the WHO consultative process towards establishing this mechanism and that it should align with the determinations of the Intergovernmental Negotiating Body,” he said.

Building preparedness capacity

President Ramaphosa said the continent now has a “window of opportunity to maintain political will and investor interest to drive significant investments towards developing regional PPPR capacity”.

He added that this will require focus on critical areas:

“Firstly, we need strong, sustainable, digitally-empowered primary health care systems and we need community-responsive national public health institutes. Because outbreaks happen at the community level, information must travel faster than the pathogen. Health services must be able to reach vulnerable groups on our continent, including those in conflict settings. Secondly, we need real-time surveillance and good cross-border cooperation.

“Thirdly, we need a capable and fit-for-purpose workforce. We need to urgently establish the health workforce task team to operationalise health workforce development. With such a large young population, Africa can be the hub of health workforce production to close the global health workforce shortage.

“Fourthly, we need equitable access to medical countermeasures, including vaccines, therapeutics and diagnostics, through local manufacturing and functional last-mile delivery of goods and services. Fifthly, we need predictable financing for pandemic prevention, preparedness and response systems,” he said.

President Ramaphosa said Africa needs to speak with a “unified voice” but further emphasised that that voice must having a stronger say international fora.

“As we build our regional capacity, we must also position ourselves prominently in the global PPPR negotiations. We need a unified voice as well as demonstrate that we have common positions to advance the interests of our continent but more particularly, the people who live on our beloved continent Africa. 

“Africa needs to be well represented in key global fora, like the World Health Organisation’s consultative process towards an interim medical countermeasures coordination mechanism, the G20 as part of the AU’s new membership, the G7 MCM Delivery Partnership and the informal Johannesburg process,” he said. – SAnews.gov.za

 

NeoB
Tue, 09/19/2023 - 10:27

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Read moreAfrican solidarity key to future pandemic preparedness
19 September 2023

Illuminating South Africa’s Future: The Solar Revolution

Location: MyPR

South Africa is witnessing a transformative shift in the energy landscape, and at the forefront of this change is a dedicated team committed to saving South Africans one solar installation at a time. Welcome to the heart of the country’s solar industry, where innovation, sustainability, and a brighter future unite. In this blog, we delve into the ethos …

Read moreIlluminating South Africa’s Future: The Solar Revolution
19 September 2023

Call for rearrest of man accused of kidnapping nine-year-old girl

Location: News

Call for rearrest of man accused of kidnapping nine-year-old girl

Law enforcement agencies have been called to swiftly rearrest a man who is allegedly involved in the kidnapping of a nine-year-old girl.

According to a report, the child from Sigedleni in Ixobho, in Southern KwaZulu-Natal was reported missing on 30 August 2023 and found in a harrowing situation on 02 September 2023.

It was reported that the child was being locked inside a house by a neighbour who allegedly sexually abused her.

The accused was initially apprehended and brought before the local magistrate's court. However, he was released last week after a rape case was not placed on the court roll.

KwaZulu-Natal Social Development MEC Nonhlanhla Khoza has expressed deep dismay at the incident and called for rearrest of the accused.

“Cases of rape and gender-based violence (GBV) are very serious and should not be allowed to go unpunished. We expect the police and relevant authorities to take immediate and decisive action to ensure that justice is served and that the perpetrator does not evade accountability,” Khoza said.

The MEC said it was disappointing that the suspect was let off the hook after the case was not put on the court roll.

“The department is committed to working closely with law enforcement agencies, community organisations and all stakeholders to provide support and assistance to the affected child and her family. We are also dedicated to implementing measures that will help prevent such heinous acts from occurring in future,” the MEC said.

Khoza said the department has dispatched a team of social workers to meet with the family and ensure the safety of the girl.

Campaign against substance abuse

Meanwhile, Khoza will today spearhead a campaign aimed at combating substance abuse and eradicating the illegal drug trade within the Mpembeni area of Umhlathuze, particularly in Ward 13.

The campaign seeks to address the significant challenges posed by drug peddling, including prevention, rehabilitation, community education and law enforcement efforts.

The key objectives of the campaign include:
• Engaging with local residents to raise awareness about the dangers of substance abuse and the importance of community unity in fighting this issue.

• Collaborating with law enforcement agencies to increase patrols and intelligence efforts to combat drug trafficking and apprehend those involved.

• Ensuring that individuals struggling with substance abuse have access to treatment and rehabilitation services to aid in their recovery and reintegration into society.

• Implementing educational programs in schools and community centres to prevent the initiation of drug use among youth.

• Offering support to families affected by substance abuse, providing guidance, counselling and resources to help them cope.

“Khoza, along with key stakeholders from law enforcement agencies, local government officials, community leaders and experts in the field will roll out this critical campaign,” the department said.

The event will be held at Mpembeni Sportsground. – SAnews.gov.za

GabiK
Tue, 09/19/2023 - 10:47

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Read moreCall for rearrest of man accused of kidnapping nine-year-old girl
19 September 2023

Outstanding Young Chefs and Bakers Triumph in the RCL FOODS Young Chef & Baker Challenge Semi-Finals

Location: MyPR

In an exhilarating culinary showdown spanning three cities – Johannesburg, Durban and Cape Town – the semi-finals of the RCL Foods Young Chef & Baker Challenge 2023, held on September 14, 2023, showcased the exceptional skills and creativity of young chefs and bakers from various culinary training programmes across South Africa. Amidst fierce competition, the …

Read moreOutstanding Young Chefs and Bakers Triumph in the RCL FOODS Young Chef & Baker Challenge Semi-Finals
19 September 2023

Telkom partners with app-based delivery service SME to boost its expansion into the township market

Location: MyPR

Telkom FutureMakers donates 10 motorbikes to help Delivery Ka Speed achieve its expansion strategy Telkom announced that it has appointed Delivery Ka Speed, a 100% black youth-owned and township-based fast food delivery service Small & Medium Enterprise (SME), as one of its strategic consumer dealers to deliver its products in townships of Gauteng, Limpopo and …

Read moreTelkom partners with app-based delivery service SME to boost its expansion into the township market
19 September 2023

SIU authorised to probe Amajuba District Municipality affairs

Location: News

SIU authorised to probe Amajuba District Municipality affairs

The Special Investigating Unit (SIU) is expected to launch an investigation into allegations of maladministration and corruption in the affairs of the Amajuba District Municipality in KwaZulu-Natal.

The probe will also recover any financial losses suffered by the State uncovered during the investigation.

This after President Cyril Ramaphosa signed a proclamation authorising the SIU to launch the probe.

“Proclamation R 137 of 2023 authorises the SIU to probe the procurement of/or contracting to construct reinforced concrete for Braakfontein Reservoirs in Amajuba District Municipality. The contract under investigation included work like earthworks, fixing of reinforcement steel, concrete and forming of construction joints for the new water-tight reservoir and associated valve and flow meter chambers.

“Furthermore, the municipality sought a service provider to supply and install steel interlinking pipelines and refurbish existing pipe manifolds and valve chambers to connect the new reservoir to the existing reservoirs,” the SIU said.

The corruption busting unit added that it will also investigate “any unauthorised, irregular, or fruitless and wasteful expenditure incurred by Amajuba District Municipality or the State”.

“The scope of the investigation also covers any unlawful or improper conduct by officials or employees of the Amajuba District Municipality, the applicable suppliers or service providers or any other person or entity.

“The Proclamation covers allegations of unlawful and improper conduct that took place between 1 August 2019 and 11 September 2023, the date of the publication of the Proclamation or before 1 August 2019 and after the date of the Proclamation that are relevant to, connected with, incidental to the matters or involves the same persons, entities or contracts investigated.

“In addition to investigating maladministration, malpractice, corruption and fraud, the SIU will identify system failures and make systematic recommendations to improve measures to prevent future losses,” the SIU said.

Any evidence of criminal conduct that may be uncovered will be referred to the National Prosecuting Authority “for further action”.

“The SIU is empowered by the SIU Act to institute civil action in the High Court or a Special Tribunal in its name to correct any wrongdoing uncovered during its investigation caused by acts of corruption, fraud, or maladministration,” the unit concluded. – SAnews.gov.za

NeoB
Tue, 09/19/2023 - 11:29

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Read moreSIU authorised to probe Amajuba District Municipality affairs
19 September 2023

DRIFTCity 2023 – In Conversation with the 2018 DRIFTCity Winner, Jim McFarlane

Location: MyPR

 Jim McFarlane, podium © Eric Palmer Sunday, 24 September, will see the return of DRIFTCity to the Grand Parade in Cape Town. After a few years of hiatus, the event is back on and promises to be bigger and more adrenalin-filled than ever. DRIFTCity is also the host of one of the most incredible Custom …

Read moreDRIFTCity 2023 – In Conversation with the 2018 DRIFTCity Winner, Jim McFarlane
19 September 2023

Gary Kirsten announced as ambassador for The Guardian safeguarding organisation

Location: MyPR

Despite the words of former president Nelson Mandela: “There can be no keener revelation of a society’s soul than the way in which it treats its children” – The sad reality is that South Africa’s children remain victims, facing constant threats at home, in schools, on sports fields, and on the playground. In an effort …

Read moreGary Kirsten announced as ambassador for The Guardian safeguarding organisation
19 September 2023

Mining Department Refuses West Coast Prospecting Bid

Location: News

Government turned down Limpopo-based Nekwana Trading Enterprise’s application because of shortcomings in basic impact assessment

Read moreMining Department Refuses West Coast Prospecting Bid
19 September 2023

Mantashe to Speak at Africa Oil Week

Location: News

Africa Oil Week
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South African Minister of Mineral Resources and Energy Hon. Gwede Mantashe will be a keynote speaker at Africa Oil Week (AOW) (www.Africa-OilWeek.com), to be held in Cape Town next month.

AOW is the continent's leading event in the African upstream and it sees representatives of more than 25 African governments coming together with energy policymakers, financiers and dealmakers to share insights and to map a sustainable roadmap for the responsible development of Africa's natural resources.

Announcing Minister Mantashe's participation, Yemi Ibidunni, Event Director, AOW said that the involvement of the minister and South Africa's Department of Mineral Resources and Energy confirmed the role of AOW as a critical platform for driving energy investment and shaping the future of Africa.

“As Minister Mantashe said at last year's Africa Oil Week, developing Africa's oil and gas resources can help guarantee the continent's energy security while enhancing regional economic development,” says Yemi Ibidunni, Event Director, AOW. “Bringing together leading energy thought leaders like Minister Mantashe and others, helps build the partnerships and develop the knowledge that will drive this process.'

This year's AOW takes place at the Cape Town International Convention Centre 2 in Cape Town, from October 9 – 13, with the theme “Maximising Africa's Natural Resources”.

The event is a global platform driving collaboration, reputable deals and transactions between the public and private sector, shaping the future of the African upstream, and positioning the continent as a stable destination for international investment.

This year's AOW will connect more than 50 ministers and government leaders, 125+ leading speakers, and more than 2 000 senior delegates across five days of industry-leading insight and elite networking opportunities to delivering deals and investments.

Distributed by APO Group on behalf of Africa Oil Week.

Read moreMantashe to Speak at Africa Oil Week
19 September 2023

Africa ready for novel investment – President Ramaphosa

Location: News

Africa ready for new investment – President Ramaphosa

President Cyril Ramaphosa has told American business representatives that Africa is ready for new investment and strong partnerships.

The President was delivering remarks at the US - South Africa Trade and Investment Business Roundtable Dialogue in New York on Monday. 

“Africa is ready for new investment and strong partnerships. South Africa is well positioned as the continent’s industrial centre, with deep capital markets, the rule of law, protection of property rights and a dynamic and youthful population. 

“The significant presence of US companies operating in South Africa, including Ford, Coca-Cola, Pepsico, Procter & Gamble, Google, Amazon and Walmart, among many others, forms a base for increased investment,” the President said. 

President Ramaphosa said he was pleased to hear that the US Africa Business Council and BUSA will be hosting the inaugural business and investment forum on the margins of the AGOA Forum scheduled to be held in South Africa in November 2023. 

He said this platform will present the countries’ respective governments, private sectors and civil society with numerous opportunities to advance trade and investment relations. 

“I look forward to our discussions and encourage your candid views. I also look forward to welcoming all of the companies present here today to South Africa in November this year during the AGOA Forum… I look forward to building and strengthening business relationships that will accelerate growth, enable commercial success and ensure prosperity for both our countries,” President Ramaphosa said. 

Global prosperity

The President told the business representatives that global prosperity has been founded on greater levels of openness and engagement between nations and people. 

He said in recent decades, a more open, rules-based trading system, complemented by deeper levels of cross-border investment, has helped to sustain and grow global GDP. 

He said it has helped to increase employment in many countries and spur innovation and new technologies.

“Yet, the heightened tension of this moment has led to fragmentation, hostility and increasing protectionism. For South Africa, a divided world is not a good thing. We are a trading nation, with above average trade-to-GDP ratios. A significant part of our economic growth is driven by exports. 

“We believe that the voices advocating greater dialogue and continued economic engagement between nations need to be strengthened,” he said.

Trade and investment agenda

Turning to the trade and investment agenda, President Ramaphosa said that they are finalising the modalities for the imminent launch of trade under the African Continental Free Trade Area. 

“We expect that the first goods to be traded under this free trade pact would commence within the next six months or sooner. The AfCFTA, as it is called, will cover 1.3 billion consumers in countries possessing some of the world’s most valuable minerals and raw materials,” he said. 

South Africa is working with the US Administration to make the case for the extension of AGOA to current beneficiary countries for a further period of 10 years, prior to its expiry in 2025, President Ramaphosa said.

He emphasised that the US remains a very important economic partner in trade and investment, with great potential to further expand economic ties. 

Accompanying this trade agenda, the President said government has embarked on far-reaching economic reforms, including the energy market being restructured. 

Economic reform agenda

Turning to the economic reforms agenda, President Ramaphosa said the country is also focusing on expanding its industrial capacity. 

“The availability of critical raw materials in South Africa and in neighbouring countries is driving efforts to expand high-value manufacturing. This is a real opportunity for more US investment that can leverage off the demonstrated manufacturing base of South Africa. 

“African growth rates provide a stable growth in aggregate demand over the next decade and more,” he said.

The recently published African Economic Outlook for 2023 noted: “Growth is projected to rebound to 4% in 2023 and consolidate at 4.3% in 2024, underpinning Africa’s continued resilience to shocks.” 

The report goes on to say that Africa is endowed with 30% of the world’s mineral resources and 65% of the world’s uncultivated arable land, the world’s most productive forests both in timber and carbon retention resources, and ample solar, wind and hydropower.

“With this kind of potential, savvy investors will be expanding… their base in South Africa and the rest of the continent. 

“Our economic reform agenda also includes targeted measures to open the market for more South Africans to participate,” he said. 

The President told the business leaders that South Africa has increased its target for its investment drive to R2 trillion over the next five years. 

“To appreciate the great opportunities in our economy, I invite you to the next South Africa Investment Conference, to be held in March 2024,” he said. 

The investment drive includes an expansion of Special Economic Zones, the most recent of which was built around the Ford Motor Company plant in the capital city, Pretoria. Around 10 large factories now produce components for the scaled-up Ford plant. – SAnews.gov.za

DikelediM
Tue, 09/19/2023 - 11:39

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Read moreAfrica ready for novel investment – President Ramaphosa
19 September 2023

Go wild with the first-ever obstacle challenge fundraiser on the KZN Mid-South Coast!

Location: Entertainment, MyPR

Don’t miss out on the opportunity to compete in the KZN South Coast’s first 5km WILDRUN – a fun yet challenging obstacle course race – which is taking off from Crocworld Conservation Centre in Scottburgh on Saturday, 30 September from 8am to 11am. The run, which is hosted by WILDED, Crocworld Conservation Centre, and Cold …

Read moreGo wild with the first-ever obstacle challenge fundraiser on the KZN Mid-South Coast!
19 September 2023

9 Unique Things to Consider When Selecting a Retirement Home

Location: MyPR

There are many well-known elements that have to be considered when investing in a retirement home, among them location, security, and cost. Alongside these are certain lifestyle elements that are also well worth including in the decision-making process. “Your retirement home is often the final residential investment you will make, and this puts a lot …

Read more9 Unique Things to Consider When Selecting a Retirement Home
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