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Former Minister Mboweni honoured with Special Official Funeral Category 2

Location: News

Former Minister Mboweni honoured with Special Official Funeral Category 2

President Cyril Ramaphosa has announced that former Minister of Finance and prominent figure in South Africa's democratic transition, Dr Tito Mboweni, will be honoured with a Special Official Funeral Category 2 following his passing on Saturday at the age of 65.

Mboweni has been accorded a Special Official Funeral Category 2, which will take place at Nkowankowa Stadium in Tzaneen, Limpopo, at 10h00 on Saturday, 19 October 2024.

“The funeral will feature ceremonial elements provided by the South African Police Service,” the Presidency said in statement. 

In further commemoration, President Ramaphosa has ordered that the National Flag be flown at half-mast at all official flag stations from Wednesday until the evening of the funeral. 

Mboweni's distinguished career began with his appointment as South Africa’s first Minister of Labour in the Cabinet of President Nelson Mandela from 1994 to 1999. 

He then served as Governor of the South African Reserve Bank from 1999 to 2009, overseeing a decade of critical financial policy development and stability. In 2018, he returned to government as Minister of Finance under President Ramaphosa, a position he held until 2021.

In his tribute, President Ramaphosa extended his condolences to Dr Mboweni's family and friends, praising him as "an activist, economic policy innovator, and champion of labour rights", who played a key role in South Africa’s economic transformation, particularly in promoting fiscal discipline. – SAnews.gov.za

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Wed, 10/16/2024 - 10:15

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SARS grants special permission for importation of jet fuel

Location: News

SARS grants special permission for importation of jet fuel

South African Revenue Service [SARS] Commissioner, Edward Kieswetter has granted special permission for the importation of jet fuel, known as kerosene, after the industry raised concerns about the threat of fuel shortage.

The Fuels Industry Association of South Africa warned that this could disrupt operations at O.R. Tambo International Airport and other airports, which include King Shaka International Airport.

Following Monday’s media statement by SARS about an engagement with industry to avert fuel shortages at all airports, the revenue service announced that special permission for the importation of kerosene was granted after careful consideration from 21 October 2024 until 20 October 2025.

“The special permission is granted to allow parties to attend to the complexities involved in the process of the deregistration of manufacturing warehouses and reregistration of affected storage facilities.

“The Commissioner requests all parties to conclude the outstanding work urgently and ensure that all compliance requirements are met, and that the current licensing provision, in respect of the importation of kerosene fuel and its derivatives, may be confirmed where appropriate.

“Every taxpayer that is involved will be communicated with individually, in line with their applicable circumstances. SARS believes that this announcement will bring certainty to the industry, which will benefit the country’s economy and enable everyone to travel smoothly,” the revenue service said on Tuesday.

The Fuels Industry Association of South Africa had warned that the supply of aviation kerosene is facing severe threat due to regulatory delays in the licensing of import storage facilities.

READ | SARS to engage fuel industry on shortage of jet fuel

-SAnews.gov.za

nosihle
Wed, 10/16/2024 - 09:15

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Revitalising SA’s national parks to world destinations

Location: News

Revitalising SA’s national parks to world destinations

The Department of Forestry, Fisheries and the Environment has undertaken a bold initiative designed to elevate the country’s parks to world-renowned tourism destinations.

This will be achieved through the new Kruger, Kirstenbosch-iSimangaliso Icon Status Strategy, or KISS, which is focused on reforming each of these iconic sites into world-class destinations that set new standards for conservation, education, and sustainable tourism.

“Throughout the seventh administration we will reimagine each of our botanical and zoological gardens of the future. It will involve integrating cutting-edge technologies, enhancing visitor experiences, and implementing innovative conservation practices.

“By modernising infrastructure and embracing digital innovations, we aim to transform these destinations into more accessible and engaging experiences for all visitors, both local and international,” Minister of Forestry, Fisheries and the Environment Dr Dion George said on Tuesday in Cape Town.

Addressing the media on his 100 days in office, the Minister said elevating these iconic sites will inspire a deeper appreciation for the country’s environment and reinforce South Africa's leadership in global conservation initiatives.

“However, the transformation of these sites will span beyond environmental stewardship and into economic development. The KISS initiative will aim to create new jobs in the green economy and provide opportunities in fields such as environmental science, sustainable tourism, and wildlife management.

“By investing in training and capacity-building programs, we will empower local communities and foster inclusive growth from the ground up. Moreover, as South Africa prepares to assume the G20 Presidency next year, we see a unique opportunity to showcase these world-class sites on the global stage,” the Minister explained.

He said his department plans to host key G20 meetings and international conferences at locations like Kirstenbosch and the Kruger National Park, which will position South Africa as a premier destination for future global dialogues on sustainability and conservation driven economic development.

Captive lion breeding

Following in the footsteps of his predecessor, the Minister said he has taken a clear and decisive stance against captive lion breeding.

“The process initiated by my predecessor will continue. The Fair Industry for Lions, Leopards, Elephants, and Rhinos initiative, known as the FILLER, is dedicated to ensuring a fair and sustainable future for our country’s most iconic wildlife.

“Our goal is to boost economic activity and create jobs in eco-tourism and conservation, all while safeguarding these magnificent creatures for generations to come,” the Minister said.

Small-scale fishers and coastal communities

Recognising the difficulties faced by small-scale fishers and coastal communities, the Minister has initiated a process to simplify the application for fishing licenses.

“By removing bureaucratic barriers and streamlining procedures, we aim to make it easier for local fishers to obtain the necessary permits to operate legally and sustainably. This will empower individuals and small enterprises, promote inclusivity in the fishing industry and ensure that economic opportunities are accessible to those who need them most.

“In addition to policy reforms, I have embarked on a comprehensive 12-harbour tour to engage directly with the communities that rely on our maritime resources. So far, I have conducted oversight visits at four of these harbours, where I have met with local fishers, community leaders, and stakeholders. These visits have provided invaluable insights into the everyday realities and opportunities within the sector.”

During these engagements, issues ranging from infrastructure needs and safety concerns to market access and training opportunities were discussed.

“Moreover, I am meeting with lawyers for conservationists and small-scale fishers on the litigation currently heading to court. I am certain we can reach a settlement that will ensure the future of our African penguin population in the wild,” the Minister said. 

He was reflecting on the milestones of the work that has been done since his appointment by President Cyril Ramaphosa to lead the department.

The President appointed George and Deputy Ministers, Bernice Swarts and Narend Singh, on 03 July 2024 to lead the department under the Government of National Unity (GNU).

In the short to medium term, the department will prioritise climate change and energy; fisheries, particularly small-scale fisheries, and aquaculture; wildlife and biodiversity; and conservation efforts and environmental protection initiatives. - SAnews.gov.za
 

nosihle
Tue, 10/15/2024 - 12:43

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SIU claws back billions for the State

Location: News

SIU claws back billions for the State

The Special Investigating Unit (SIU) says it has saved the South African government approximately R8 billion during the last financial year through “effective investigations, speedy litigation and recovery processes”.

This, according to the SIU spokesperson Kaizer Kganyago, is a testament to its commitment to fighting the scourges of corruption, maladministration and malpractice.

Kganyago said the amount is inclusive of a record recovery of funds in actual cash amounting to R2.28 billion – the highest recovery in the corruption busting unit’s 27-year history. 

“In addition to these recoveries, the SIU prevented a further R2.32 billion in potential state losses and secured cash to be recovered from the acknowledgement of debt and admission of liability agreements to the value of R1.6 billion. 

“In our pursuit of rectifying irregular administrative decisions, the SIU successfully set aside contracts and administrative action worth over R2.13 billion through the Special Tribunal and the High Court of South Africa. This legal action ensures that public funds are recovered, not squandered, and redirected to serve their intended public purposes.

“The SIU continues to safeguard the public purse and ensure that state resources are protected and used for the benefit of all South Africans. We call on all South Africans to be involved in the fight against corruption,” Kganyago said.

In a statement, the unit said the bulk of the recoveries come from investigations into Transnet, Eskom and the National Student Financial Aid Scheme (NSFAS).

“The Transnet recoveries amounted to R710 104 826.03, R500 000 000 from Eskom, and the NSFAS investigation totalled R191 027 281.50 by the end of the 2023/24 financial year.

“In terms of matters, contract and/or administrative decisions and/or actions set aside or deemed invalid, contracts emanating from the Eskom investigation contributed the most, with the contract value of R1 206 984 667.56,” the SIU said.

Successes in the medico-legal investigation also account for some R1.98 billion of prevented losses. – SAnews.gov.za
 

NeoB
Tue, 10/15/2024 - 12:06

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Internationally Acclaimed Student TV Quiz Show Africa Challenge Returns as University Challenge Africa!

Location: News
University Challenge Africa

The popular and internationally acclaimed TV quiz show formerly known as Celtel Africa Challenge and then Zain Africa Challenge, is making a comeback as University Challenge Africa (www.UniversityChallengeAfrica.com) in late 2025. The competition sees the brightest students from universities across Africa matching wits in a televised question-and-answer game show.

Richard Reid, the game's creator and producer, shares his excitement: “We are proud to bring back our iconic game under its new name, University Challenge Africa. With education being a top priority across the continent, we remain committed to working with our broadcast partners and sponsors to highlight the academic accomplishments of Africa's students and universities.”  

University Challenge Africa is not just a quiz show; it's an opportunity for students to shine on the international stage, test their skills and knowledge against peers from across the continent, and win a share of over $1,000,000 in scholarships and grants. With millions of viewers and a strong social media following, the show has a lasting impact on participating students and universities.

With previous versions of the competition featuring universities from eight African countries, the new format promises even more representation. Nigeria, Kenya, and South Africa are planned participants in 2025, with universities from several other countries on the invitation list.

Reflecting on the programme's prior success, Tito Alai, who was the Group Chief Commercial Officer of Celtel and Zain Group, said: “Throughout its history, the competition was a source of pride in the accomplishments of our young men and women. Sponsoring the Africa Challenge was a great strategic marketing and CSR investment, reflecting our commitment to education, enriching students' lives, and boosting participating institutions' reputations.”

Past winners echo these sentiments, emphasising the transformative impact of the competition. James Tuitoek, Vice Chancellor of three-time winners Egerton University in Kenya, noted the university's pride in its students, along with the fact that the competition had not only enabled them to set up a computer lab with 24/7 internet access for students but also positioned Egerton as a university of choice for international students. Similarly, when Ibadan University in Nigeria won in season three, the House of Representatives Chairman on Education, Hon. Farouk Lawan praised the programme as an educational platform playing a pivotal role in promoting education across Africa.  

In addition to garnering praise from administrators and participants, University Challenge Africa also brings together some of the brightest minds from universities across the continent, with diverse interests and fields of study, presenting an opportunity for businesses to recruit future talent.  

The return of the successful University Challenge Africa will be welcome news to the continent, reflecting the competition's rich tradition of educational excellence and great entertainment, and delivering on the promise of African development.

For more information, please visit UniversityChallengeAfrica.com.

Distributed by APO Group on behalf of University Challenge Africa.

Media Contact:
Richard Reid
President of the College Bowl Company
richard@collegebowl.com

Brand Partnerships & Marketing Contact:
Warren Couchman
Managing Director
Brand Partnerships
partnerships@universitychallengeafrica.com
University Challenge Africa: Delivering on the Promise of African Development (http://apo-opa.co/4f6Bp6O)

About University Challenge Africa:
University Challenge Africa, the Inter-University Battle of Brains formerly known as Zain Africa Challenge, is a proud member of the family of academic competitions created by the College Bowl Company. Our games have been part of communities around the world for over 70 years. They also include the award-winning US programmes College Bowl and Honda Campus All-Star Challenge and the renowned British game University Challenge.

Wherever our game is played, our MISSION is simple: Shine the light on the outstanding academic achievements of our players and universities.

We have a proven record of success with participating players and their universities, broadcasters, sponsors, audiences and the general public.

It's easy to explain our success in communities around the world, education is the #1 aspiration. When you support the community, the community supports you!

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African Development Bank and Absa Unveil Multi-Billion Rand Financial Package to Expand Sustainable Capital Markets, Boost Economic Growth for Women and Youth

Location: Business

African Development Bank Group (AfDB)
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The African Development Bank (www.AfDB.org) and Absa Group, one of Africa's leading financial services providers, today celebrated a landmark agreement to mark the execution of a transformative financial package aimed at increasing funding for underserved segments, across South Africa and the continent. The target audience includes women-owned businesses, youth entrepreneurs, and small and medium-sized enterprises (SMEs).

In addition to enhancing Absa's regulatory capital, the facility will promote access to finance, deepen domestic capital markets, and ensure continued access to global supply chains for issuing banks in regional member countries, including low-income and fragile states.

The financial package includes:

  • A subordinated sustainability-linked (Tier 2) loan amounting to R1.7 billion, complemented by a non-financial support package of R18 million for capacity building and technical assistance targeted at SMEs, youth, and women-owned enterprises.
  • Subscription of R1 billion into Absa's inaugural social (Tier 2) bond issuance, with proceeds earmarked for providing affordable housing loans to female homeowners.
  • A trade finance Risk Participation Agreement (RPA) facility valued at $150 million, designed to underwrite the risks of trade transactions originated by African issuing banks, reinforcing Absa's role as a regional bank.

Several components of the package have already been executed, including the successful issuance of Absa's first Tier 2 social bond on the Johannesburg Stock Exchange in July 2024. The R1 billion proceeds from this bond will be allocated towards affordable housing loans specifically targeting women, empowering them as first-time homeowners in low-income segments.

Leila Mokaddem, Director General of the African Development Bank's Southern Africa Region, stated: “This partnership with Absa Group underscores our commitment to driving sustainable and inclusive economic growth across Africa. Through this financial package, we are not only fortifying Absa's capital base but also ensuring that essential funding reaches women, youth, and entrepreneurs, fostering a more equitable and prosperous continent. This collaboration aligns seamlessly with our strategic priorities of supporting Africa's industrialization and enhancing the quality of life for its people. “

Absa has secured a R1.7 billion sustainability-linked Tier 2 loan aimed at general corporate business purposes while incentivizing the extension of finance products to women-owned SMEs as a key performance indicator. As part of this agreement, Absa is collaborating with the African Development Bank to enhance skills among both Absa staff and women business owners. A capacity-building training program has been launched to address the unique challenges faced by female and youth entrepreneurs, by providing mentorship and financial solutions.

Charles Russon, Absa Group interim CEO designate remarked: “The finalisation of this package concludes a three-year process that significantly enhances our capacity to fund social initiatives aligned with our commitment to being a force for good. This partnership enables us to increase funding for women and youth in South Africa while facilitating greater trade opportunities across the continent. “

“This partnership aligns with the African Development Bank's strategic objectives of advancing green, social, and sustainability instruments in the domestic capital markets, supporting African capital market development and regional financial integration,” said Ahmed Attout, Director of the Financial Sector Development Department at the African Development Bank. He emphasised that it is designed to empower Absa to effectively disburse funds for highly impactful social and sustainable economic development initiatives.

The $150 million trade finance facility will drive trade support across Africa, addressing the continent's annual trade finance gap of over $100 billion. This initiative will enhance access to financing for key sectors such as agriculture, transport, and manufacturing, while fostering financial sector development and regional integration.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Contact:             
African Development Bank:  
Natalie Naudé,
Communication and External Relations Department,
email: media@afdb.org

Technical Contacts:
Peter Onyango,
Chief Capital Markets Officer,
Financial Sector Development Department,

Bleming Nakati,
Regional Lead,
Private Sector Operations, Southern Africa

Absa:
Carli Cooke,
Head of Media Relations,
email : prmedia@absa.afrca

About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

About Absa Group:
Absa Group Limited (‘Absa Group') is listed on the Johannesburg Stock Exchange and is one of Africa's largest diversified financial services groups.  Absa Group offers an integrated set of products and services across personal and business banking, corporate and investment banking, wealth and investment management and insurance.  

Absa Group owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and National Bank of Commerce), Uganda and Zambia and has insurance operations in Botswana, Kenya, Mozambique, South Africa and Zambia. Absa also has offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic. 

For further information about Absa Group Limited, visit www.Absa.africa. 

Read moreAfrican Development Bank and Absa Unveil Multi-Billion Rand Financial Package to Expand Sustainable Capital Markets, Boost Economic Growth for Women and Youth

President Ramaphosa to address SA Automotive Week

Location: News

President Ramaphosa to address SA Automotive Week

President Cyril Ramaphosa is expected to address the South Africa Automotive Week on Thursday.

The Minister of Trade, Industry and Competition Parks Tau, Minister of Transport Barbara Creecy, Minister of Electricity and Energy Dr Kgosientsho Ramokgopa and Minister of Minerals and Petroleum Resources Gwede Mantashe are expected to accompany the President.

“Government has played a pivotal role in fostering a favourable policy and regulatory environment that has supported growth, transformation, and innovation within the automotive industry.

“The South African Automotive Masterplan (SAAM 2035) sets the objective of growing South Africa’s vehicle production to 1% of global output and aims to increase the annual export value of the South African automotive industry from approximately R201 billion in 2019 to R400 billion by 2035.

“The effective functioning of the logistics and infrastructure sector is paramount to maintain competitiveness, as expenses associated with shipping and transportation play a vital role to determine the competitiveness of our exports,” the Presidency said in a statement on Tuesday.

The week is expected to be held under the theme “Reimagining the Future, Together: Celebrating 100-Years of Automotive Heritage, Passion, Resilience, and Ingenuity”.

“SA Auto Week is distinguished as Africa’s leading and pre-eminent annual automotive thought leadership event bringing together auto industry leaders; global OEMs; vehicle component manufacturers and suppliers; international investors; policy-makers; law-makers; decision-makers; regulatory bodies; and journalists across the entire automotive value chain,” said the Presidency.

The South African Automotive Week takes place at the Cape Town International Convention Centre (CTICC) in the Western Cape. – SAnews.gov.za
 

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Tue, 10/15/2024 - 09:03

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Minister George welcomes decision on apportioning of squid total allowable effort

Location: News

Minister George welcomes decision on apportioning of squid total allowable effort

The Western Cape High Court has dismissed an application by the commercial squid fishing sector, which sought to set aside a decision by the Department of Forestry, Fisheries and the Environment (DFFE) on apportioning 15% of the squid total allowable effort (TAE) to the small-scale fisheries sector and 85% thereof to the commercial squid sector.

The application by SASMIA NPC (the South African Squid Management Industrial Association) was dismissed on Friday, 11 October by Acting Judge Pangaker of the Western Cape Division of the High Court.

In welcoming the court’s decision, the Minister of Forestry, Fisheries and the Environment, Dr Dion George, said the ruling was a victory for small-scale fishing cooperatives.

Historically, squid was not included in the allocation of fishing rights to small-scale fishing cooperatives. 

Squid was included on an ad hoc basis in the allocation of fishing rights to specific small-scale fishing co-operatives in their respective resource allocation schedules.

“The decision to apportion 15% of the annual squid total allowable effort to the small-scale fisheries sector is intended to bring about inclusion and socio-economic stability for the small-scale fishers within the fishing industry.  

“The decision of the Western Cape High Court is therefore a victory for the department and for the members of the small-scale fishing cooperatives, who rely on fishing as a source of income and food security to feed their families and to look after their communities,” George said. - SAnews.gov.za
 

nosihle
Mon, 10/14/2024 - 13:56

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Rosatom Accelerates African Nuclear Development

Location: News
African Energy Chamber

Russia's state-owned nuclear corporation Rosatom has joined the African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 – as a gold sponsor. The sponsorship aligns with the corporation's ambitions to strengthen its presence in Africa and follows a strong of deals forged with various African countries in the fields of nuclear power development, knowledge sharing and mining.  

Currently, there is a surge in nuclear energy adoption in Africa, with projects targeting 15 GW of operational capacity by 2035, the Nuclear Business Platform estimates. Over 10 African countries are looking to embrace nuclear energy, the majority of which are leaning on global partnerships such as those fostered with Rosatom to accelerate project development. Rosatom's return to AEW: Invest in African Energy reflects its growing intention to support projects in Africa.  

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

Rosatom signed an agreement with the Republic of Congo – which has ambitions to enhance the adoption of nuclear energy - in July 2024. The deal will see the parties collaborate on the peaceful utilization of nuclear energy and hydroelectric power. This aligns with the Republic of Congo's efforts to diversify its energy mix beyond oil, leveraging Rosatom's expertise to improve energy access.

The agreement followed the signing of an MoU with Guinea-Conakry in June 2024 to cooperate on the development of floating nuclear power plants. The corporation currently operates the world's only floating co-generation nuclear power plant – Akademik Lomonosov - and aims to construct an additional 7 facilities worldwide. Suitable for remote regions with undeveloped or unreliable power grids, floating nuclear offers a range of benefits for African countries. As a small nuclear power plant, the facilities provide access to clean and affordable power for hard-to-reach communities, offering an environmentally-friendly energy option with 24/7 operational capacity. The agreement with Guinea-Conakry will see Rosatom construct floating nuclear plants, equipped with RITM-200 reactors. Power will be used to support industrial and domestic consumption.   

Rosatom also signed an agreement with Burkina Faso's Ministry of Energy, Mines and Quarries for the construction of a nuclear power plant in the country. Construction will be complete by 2025 with the project expected to double Burkina Faso's power production by 2030. The deal also features a clear roadmap to enhance the country's nuclear power adoption, including the establishment of a regulatory framework for nuclear energy.

In addition to nuclear power development, Rosatom is driving nuclear energy capacity building and training across Africa. The company aims to utilize its expertise in the industry to support human capital development across the continent, with various programs in place to achieve this goal. In South Africa – the continent's only nuclear power producer – Rosatom signed an agreement with the state-owned power utility Eskom for a nuclear action plan for the period 2024-2026. The plan comprises joint education initiatives, joint degree programs and workforce training. South Africa plans to continue utilizing nuclear power to fulfil both its domestic and industrial needs. Recently, the Koeberg station – accounting for 5% of South Africa's power supply – has been approved to run for an additional 20 years. The Rosatom-Eskom plans aims to support this by equipping the workforce with the requisite skills and capacities. 

To support nuclear production in Africa, Rosatom is also advancing uranium mining across the continent. The company plans to start mining uranium in Namibia by 2029, with plans in place to complete the prospecting and exploration phase of the Wings Project by 2026. At a total investment of $500 million, the project will produce 5,000 metric tons of uranium per year.

“Rosatom represents a strong partner for Africa's nuclear industry. The company is focused on supporting the construction of nuclear energy facilities while concurrently scaling up capacity building, mining activities and regulatory support. Nuclear has the potential to transform the continent's power landscape and with partners like Rosatom, Africa is well positioned to tap into this growing market,” states NJ Ayuk, Executive Chairman of the African Energy Chamber. 

Distributed by APO Group on behalf of African Energy Chamber.

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SANRAL invests R27.1 billion in road infrastructure

Location: News

SANRAL invests R27.1 billion in road infrastructure

The South African National Roads Agency SOC Limited (SANRAL) spent R4.1 billion on toll roads, while expenditure on non-toll roads came in at R23 billion in the 2023/24 financial year.

Of the R23 billion that was spent on non-toll roads, R12.3 billion went towards capital projects and R10.7 billion on maintenance.

“The significant investments in both toll and non-toll roads underscore our dedication to enhancing South Africa’s road infrastructure, ensuring safer, more efficient mobility for all,” SANRAL CEO, Reginald Demana, said on Friday. 

Looking at the financial performance, total assets stood at R772 billion, 17% up from the previous year, while both operating activities and investing activities increased by 23% and 7%, respectively.

Demana explained that many targets were not just achieved, but significantly exceeded. 

“On an engineering level, we set out to resurface 1 200km of our network but had in fact achieved 1 984km. This is significantly up from 687.9km in the previous year and speaks to a robust commitment to maintenance and management of our assets,” Demana said.

While engineering is a core focus, SANRAL far exceeded its target for work on transformation, job creation, road safety and capacity creation.

Against a target of 75%, SANRAL achieved 99.6% on Routine Road Maintenance (RRM) work performed by Black-owned small, medium and micro enterprises (SMMEs).

The total target for the number of SMMEs participating in SANRAL projects was 1 800. SANRAL achieved 2 249, significantly up from 1 928 the previous year.

SANRAL had set out to create 12 000 full-time equivalent (FTE) jobs but had achieved 12 652, also up from 11 366 the previous year. 

“Looking at the road ahead, SANRAL is on solid financial standing, with R87 billion allocated by National Treasury for the next three years. 

“Borrowing capacity has increased to R16.5 billion, allowing for larger-scale project funding. The acceleration of spending on projects is resulting in reduced cash balances through faster project execution,” the agency said.

Demana attributed the achievement to steady operational and strategic growth.

“We are a growing organisation with an increasing network size that currently stands at 24 384 km, plus an additional 3 350 km of roads under assessment for transfer from provincial authorities.

“It has been a challenging year on many fronts, but we have risen to those challenges, guided by our unwavering commitment to infrastructure development that fosters economic growth and drives transformation. 

“SANRAL’s role in creating opportunities, particularly for Black-owned enterprises, remains central to our mission. As we move forward, we will continue to ensure that our projects contribute meaningfully to job creation, community upliftment, and the economic empowerment of South Africans. 

"Our dedication to these developmental outcomes is steadfast, and we will use our investments to catalyse positive change for generations to come,” the CEO said. -SAnews.gov.za

nosihle
Mon, 10/14/2024 - 12:35

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Alleged South African drug mule arrested in Ethiopia

Location: News

Alleged South African drug mule arrested in Ethiopia

National Police Commissioner General Fannie Masemola has commended the collaboration between the South African Police Service (SAPS) Gauteng Counter Narcotics Intelligence unit and the Ethiopian Federal Police after a South African female suspected to be a drug trafficker was arrested in Addis Ababa, Ethiopia.

A team from the SAPS Gauteng counter narcotics covert unit flagged a 29-year-old South African woman, through SAPS Interpol, on suspicion that the woman was travelling to Brazil to collect drugs and fly back to South Africa via several countries. 

The woman indeed travelled to Brazil from OR Tambo International Airport during the first week of October.

According to the drug trafficker’s itinerary, she was supposed to travel from Brazil, via Addis Ababa and via Sudan, and back to South Africa.

SAPS intelligence immediately notified the Ethiopian Federal Police about her movements.

“On arrival in Addis Ababa on Saturday, she was flagged and her luggage was checked, which confirmed that she was carrying 13kg of cocaine. She was immediately apprehended and is expected to be charged and appear in court in Ethiopia,” said a statement from the police.

Masemola applauded the determination and meticulous operationalisation of information by SAPS Gauteng intelligence, Interpol SA and the Ethiopian Federal Police.

“The cooperation between SAPS and the Ethiopian Federal Police must be commended. When African police organisations unite, more can and will be achieved by working together.

“We are stamping the authority of the State on a larger scale and sending out a clearer message that the long arm of the law will find you, no matter which route you utilise to try to traffic drugs into SA. 

“We are intensifying our fight against transnational organised crime and the trafficking of drugs. SAPS intelligence is relentless in their pursuit to be one step ahead of criminals. This is commendable,” Masemola said.

The police said that through Interpol SA, SAPS Gauteng Counter Narcotics Covert Intelligence will work closely with the Ethiopian Federal Police to investigate the masterminds behind the consignment. – SAnews.gov.za

Edwin
Mon, 10/14/2024 - 10:56

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Improved sentiment is rooted in real economic progress – President

Location: News

Improved sentiment is rooted in real economic progress - President

With just over 100 days since the members of the Government of National Unity were sworn into office, President Cyril Ramaphosa says the county has witnessed a marked increase in confidence in the direction of the country.

In his weekly newsletter, the President noted that South Africans across various sectors were increasingly supporting government’s efforts, which is reflected in recent opinion polls. 

One of the polls conducted by Ipsos revealed that the proportion of participants who believe the country is on the right track has doubled since the last surveys were conducted in April and June this year. 

“There is also rising confidence in our country’s economic growth prospects by business and local and international investors. This was evident in the engagements I recently had with business leaders in Beijing and New York, and that Deputy President Paul Mashatile had with business leaders in London,” the President said. 

In September, the Bureau of Economic Research and Rand Merchant Bank published its first Business Confidence Index since the formation of the new administration. It pointed to “cautious optimism” about improving business conditions in key economic sectors. It said improved electricity supply and political certainty following the elections had likely contributed to this improved business confidence.

“Sentiment is more than a ‘warm and fuzzy’ feeling. It is made possible by real developments in the economy and the country. Business confidence goes beyond discussion in boardrooms and conference halls. 

“It is about the interest that is shown in our economy by all investors, both local and offshore. Sentiment has a direct impact on people’s lives as it can manifest itself in increased investments that can result in job creation,” the President said.

President Ramaphosa stressed that this rising confidence would have a tangible impact on the country’s fiscal health. 

“Improved investment sentiment will benefit our country’s fiscus. A stronger economic outlook will improve South Africa’s credit rating, which in turn will facilitate greater access to global capital markets and lower our borrowing costs. 

“When we spend less money on debt servicing costs, government has more space to increase its expenditure on building public infrastructure and providing education, healthcare, basic services and social support,” the President said. 

President Ramaphosa noted that improved sentiment had strengthened the currency, lowering the cost of imports like oil, which in turn reduces fuel prices and the overall cost of living for South Africans.

“Increased business confidence attracts higher levels of private investment in the economy. When investors are more optimistic about their business prospects, they are more likely to invest more capital and expand their existing operations. Improved confidence also encourages the start-up of new businesses. 

“More business activity creates more jobs and opportunities for our people. As businesses grow, they need to hire more employees and are able to increase wages,” the President said. 

President Ramaphosa explained that when people feel secure in their jobs and income, they spend more, boosting economic activity and increasing government revenue. 

He attributed the improved sentiment to the successful transition to the new administration, which enjoyed broad support and ongoing reforms that were addressing key economic and social challenges.

Another key development has been the country’s successful efforts to resolve the energy crisis.

“The country has had more than 200 days without load shedding. This has made a considerable difference to the lives of citizens and the operations of businesses. This work has also unlocked unprecedented levels of investment in the energy sector,” President Ramaphosa said. 

Reforms in the logistics sector were also gaining momentum, with improvements in the operational performance of the nation’s port and rail networks. These advances are expected to boost not only economic activity but also the everyday lives of South Africans.

While President Ramaphosa acknowledged that economic growth has yet to accelerate, he expressed optimism that the government was laying a solid foundation for long-term progress. 

“It is still early days for the Government of National Unity. The growth of our economy is still to pick up pace. However, a firm foundation is being laid, our growth prospects are being revised upwards and we are heading in the right direction,” the President said. 

The President concluded by emphasising the importance of maintaining this momentum. 

“It is clear that the improved confidence of the South African people and the positive sentiment among investors are well-founded.

“Our task now is to work together to further encourage hope and optimism by making a real and substantial difference in the lives of all South Africans," he said. – SAnews.gov.za

 

DikelediM
Mon, 10/14/2024 - 11:29

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Read moreImproved sentiment is rooted in real economic progress – President

Telecoming Partners With Movement Empire to Deliver Premium Online Workout Content in South Africa

Location: News

Telecoming
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Telecoming (www.Telecoming.com), sportech company specializing in developing and distributing mobile experiences for sports and entertainment, is excited to announce a strategic partnership with The Movement Empire, the world's most immersive online exercise platform. This agreement will enable the distribution of Movement Empire's on-demand workout content through major mobile operators in South Africa, reinforcing Telecoming's strong presence in the South African market, where it has been operating since 2015.

The Movement Empire, known for its comprehensive range of online bodyweight workouts, is dedicated to empowering individuals to achieve their fitness goals through innovative and engaging workouts that require no equipment. Their content, which spans from low-impact, reduced intensity sessions through to high intensity interval training (HIIT) as well as yoga inspired sessions, which are designed to inspire users at all fitness levels to lead active and healthy lives.

This partnership aligns with Telecoming's Sportech strategy, which is focused on expanding its home fitness division. By integrating The Movement Empire's premium content into its offerings, Telecoming continues to demonstrate its commitment to the South African market and its belief in the potential of local productions. The partnership underscores Telecoming's dedication to providing high-quality, locally relevant content that resonates with South African audiences.

"We are thrilled to partner with The Movement Empire, a brand that shares our vision for innovation in sports and fitness content. This collaboration is a significant step forward in Telecoming's strategy to enhance our Sportech offerings in South Africa. We believe that Movement Empire's dynamic content will be highly appreciated by users across the country," said Roberto Monge, Chief Business Officer at Telecoming.

"We appreciate Telecoming's trust in The Movement Empire and we look forward to bringing our immersive fitness content at scale to a South African audience through their strong mobile distribution network. This partnership allows us to reach more individuals who are eager to embrace a healthier lifestyle, and we couldn't be more enthusiastic about the possibilities ahead," said Ben Wagner, CEO of The Movement Empire.

Since entering the South African market in 2015, Telecoming has consistently adapted its services to meet the needs and preferences of local users. This new agreement not only expands the company's content portfolio but also contributes to the growth of the South African digital ecosystem by providing users with access to top-tier sports and fitness content.

Distributed by APO Group on behalf of Telecoming.

Press Contact Telecoming:
Bárbara González
barbara@bgdiez.es
M. +34 603 578 65

About Telecoming:
Telecoming is a sportech company specializing in developing and distributing mobile experiences for sports and entertainment. The firm has been deploying monetization technologies in partnership with telcos since 2008. Telecoming is currently present in 18 countries. Its portfolio includes the official licenses of the leading soccer clubs in Europe and Africa, as well as the main competitions of 12 sports disciplines. Leader in the digital content economy since its foundation, the company has been recognized by the London Stock Exchange as one of Europe's most inspiring organizations. In addition, it is one of Europe's fastest-growing companies, according to Morningstar's 5000 Inc. ranking. For more information, please visit: www.Telecoming.com

Read moreTelecoming Partners With Movement Empire to Deliver Premium Online Workout Content in South Africa

“Africa’s Golden Boy” Makes History at the African Continental Cycling Championship

Location: Sport

Ministry of Information, Eritrea
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Eritrean professional cyclist Henok Mulubrhan made history at the 2024 African Continental Cycling Championship in Eldoret, Kenya, by achieving a hat-trick victory. Henok previously claimed the championship titles in 2022 in Sharm El-Sheikh, Egypt, and in 2023 in Accra, Ghana.

In this year's championship, Henok secured the gold medal, finishing ahead of cyclists from South Africa and Uganda, who took second and third place, respectively. Henok finished the race in 3 hours, 46 minutes and 21 seconds

Henok's triumph reaffirms Eritrea's dominance and prestigious status as a “powerhouse” in African cycling.

In an interview with Kenyan journalists, Henok expressed his gratitude to his teammates for their support throughout the race. He dedicated his victory to all members of the national team and the Eritrean people.

In this championship Eritrea has collected 7 Gold Medals, 5 Silver and 4 Bronze.

Distributed by APO Group on behalf of Ministry of Information, Eritrea.

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Police killings an ‘assault on society and attack on the State’ – Hawks Head Lebeya

Location: News

Police killings an 'assault on society and attack on the State' - Hawks Head Lebeya

Seventeen police officers have been killed in the second quarter of the 2024/25 financial year.

This is according to Directorate for Priority Crime Investigation (DPCI) Head, Lieutenant General Godfrey Lebeya, who briefed the media on Sunday.

At least 13 of the officers were off duty at the time of the incidents, while four were on duty when they were killed.

The Lieutenant General condemned police killings, which the DPCI categorised as a national priority offence that “requires the attention of the DPCI”.

“There exists a blue wall in South Africa. A human wall formed by men and women in blue. The wall that divides and shield the good from the bad elements in society. The stronger the wall, the safer the community. 

“The weaker the wall, the happier the criminals. Criminals will continuously attack this wall in order to access the protected good citizens of this beloved country. An attack of police officials is an assault on society and indeed an attack on the State,” he said.

He cited four examples of arrests and convictions secured following the killing of an officer, including that of a man who masterminded the killing of his own wife, who was seven months pregnant at the time.

“On 23 June 2022, Constable Prudence Masuku, who was stationed at Daveyton SAPS [South African Police Service] was murdered in Putfontein while on her way to work [and was] accompanied by her husband, James Veli Masuku. 

“The husband alleged that they were confronted by two taxis, where the passengers of both taxis approached them and began firing several shots at the deceased, while he ran for cover. He said that upon returning to the vehicle, he found that his wife’s service pistol had gone missing. 

“Investigations by the Hawks’ Serious Organised Crime Investigation and ballistic results revealed that the service pistol belonging to the deceased was in fact the very weapon that was used to murder the member,” Lebeya said.

During investigations, law enforcement officials Veli Masuku and Xolani Lawrence Dlamini after swiftly reacting to information about a suspect demanding cash from a middleman for murdering the police officer.

“On 08 April 2024, Masuku and Dlamini – who pleaded not guilty – were convicted of murder, theft of firearm, two counts of illegal possession of firearm and defeating the administration of justice.

“On 23 August 2024, the Gauteng High Court sitting in Benoni sentenced Masuku and Dlamini to life imprisonment for murder. They were further sentenced to five years imprisonment for the theft of a firearm, five years imprisonment for possession of unlicensed firearm, and three years imprisonment for illegal possession of ammunition, which runs concurrently with the life imprisonment sentence. They were further declared unfit to possess firearms in the future,” Lebeya said.

Unscrupulous legal practitioners

Lebeya told the media about legal practitioners, who are stealing money from unsuspecting clients’ trust funds, Road Accident Fund payouts and deceased estates.

Some of the cases Lebeya cited include:

  • An attorney, Solomon Slom, arrested for allegedly stealing R39 million from a client’s trust fund.
  • An attorney, Thouret Mampe Thabe Tiro, appeared in court for allegedly defrauding the Ditsobotla Local Municipality of R460 000 by submitting false request for payment.
  • Attorney, Kobie Nieuwenhuis, allegedly misappropriated at least R243 000 after the Master of the High Court appointed her as the executor of an estate.
  • Three attorneys – Mkhululi Enock Tokota, Masixole Bangiso and Michael Songezo Tuswa –  appearing in different, unrelated cases related to fraud and theft of Road Accident Fund payouts.

“Legal practitioners are officers of the court. Theirs is a profession of honour. It is important that our learned colleagues should continue to maintain the decorum of this great profession. They must be exemplary to upcoming jurists and jealously insulate the image of this profession. 

“Those who betray that trust need to take full responsibility and the Legal Profession Council should continue to police those who breach professional ethics. It should ensure that all legal practitioners observe a settled expectation of uberrima fides, the highest possible degree of good faith in dealing with client during submissions, representations to client so that they are accurate, honest and frank. 

“It is comforting that prosecutors, the defence and the presiding officers who deal with these matters are jurists in good standing,” Lebeya said. – SAnews.gov.za

NeoB
Sun, 10/13/2024 - 12:50

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Read morePolice killings an ‘assault on society and attack on the State’ – Hawks Head Lebeya

Two-pot system withdrawals hit R21 billion

Location: News

Two-pot system withdrawals hit R21 billion

The South African Revenue Service (SARS) says a total gross lump sum of some R21.4 billion has been paid out to taxpayers, who have applied to utilise their Savings Withdrawals Benefit of the two-pot retirement system.

More than 1.2 million South Africans applied for the tax directive, with at least 1.14 million approved.

According to the revenue service, the remainder were “declined for a variety of reasons, including incorrect identity numbers and incorrect tax numbers, amongst others”.

“SARS reminds taxpayers, who want to apply for a withdrawal to make sure that they verify their tax numbers, have supplied the correct identity numbers, and that they do not have any outstanding debt with SARS.

“After a registered taxpayer has applied, a successful tax directive informs the fund management how much tax to deduct from a withdrawal. Directive applications are accepted by SARS 24/7 and processed within an hour 365 days a year from 8am to 7pm. Unless a directive application is submitted outside of these hours, the response if the taxpayer is compliant be sent to the fund within an hour,” the revenue service said.

SARS explained that taxpayers with debt owed to it may be deducted if the taxpayer does not have a payment agreement in place.

“Before a final amount is paid to the applicant, the pension fund will be informed to also deduct any outstanding debt on behalf of SARS before any payout is made to the member. If a person has a debt arrangement with SARS, the withdrawal will not be affected. 

“If there is debt owed to SARS, it will be deducted in terms of such arrangement,” SARS said.

Furthermore, tax is imposed on the withdrawal at a rate ranging from 18% - 45%, depending on their scales.

SARS Commissioner Edward Kieswetter warned that taxpayers, wilfully understating their income, are dodging their obligation to the revenue service.

“SARS is deeply concerned that 213 654 taxpayers have been identified, where they have declared incorrect taxable income, with the view to have a more favourable tax rate. 

“If a taxpayer understates their income, they are intentionally involved in evading their tax obligation. A penalty will be imposed on taxpayers who have understated income. Finally, I wish to caution taxpayers to refrain from this conduct that borders on criminality as there are real consequences for this behaviour,” Kieswetter said.

The revenue service encourages taxpayers to use its digital services.

“In line with SARS’ intent for taxpayers to use digital channels, SARS is happy to announce that the simulated WhatsApp calculator was used 51 547 times since the implementation of the process.

“The simulated calculator on the SARS website, which forms part of the SARS Online Query System, has been used 655 801 times. SARS has also received 53 519 queries through the voice channel, and 8 655 at branches.

“Taxpayers are encouraged to continue to use the digital channels, which are simple, easy and user-friendly. Using these channels means taxpayers do not have to leave their homes or places of employment to stand in queues,” SARS said. – SAnews.gov.za 

NeoB
Sun, 10/13/2024 - 08:30

1062 views
Read moreTwo-pot system withdrawals hit R21 billion