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KZN entrepreneurs to showcase wares at Intra–African Trade Objective

Location: News

KZN entrepreneurs to showcase wares at Intra–African Trade Fair

KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC, Siboniso Duma, has commended entrepreneurs based in the province that have been selected to showcase their products and services at the 2023 Intra-African Trade Fair (IATF) in Cairo, Egypt.
    
IATF is organised by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission and the African Continental Free Trade Area (AfCFTA) Secretariat.
 
The Intra-African Trade Fair is a trade show that provides a platform for sharing trade, investment and market information and enabling buyers and sellers, investors and countries to meet, discuss and conclude business deals.

The IATF will take place from 09 to 15 November 2023 will provide a unique and valuable platform for businesses to access an integrated African market of over 1.3 billion people with a GDP of over US$3.5 trillion created under the AfCFTA.

Speaking at a send-off ceremony held at Trade and Investment KZN (TIKZN) in Durban, Duma said the 21 entrepreneurs from the province were subjected to a gruelling selection process.

“By and large, the selection process was designed to ensure that we market our products and services from all corners of our province – especially the townships and rural areas. This is in line with our “Buy KZN Product” Campaign. We are happy that today our entrepreneurs gathered at Investment House for a well deserving send-off.”
 
He noted that through TIKZN which is an agency of government , the department has for a long-time, hosted International Expo Week, as part of creating a demand for local products produced by the province’s entrepreneurs.  
 
“As the previous host of the 2021 IATF Trade Show 2021, we believe that this year’s event will put our entrepreneurs on the pedestal and augment the “Buy KZN Product” Campaign. Critically, we are encouraged by an integrated approach involving the Department of Trade, Industry and Competition and  the Small Enterprise Development Agency (SEDA). 
 
“Collectively, we have made it possible to deploy resources to cover logistics and other necessary expenses for our entrepreneurs. This is in addition to the enduring partnership between TIKZN and Transnet Port Terminal. This partnership has helped many entrepreneurs under the export capacity-building programme,” Duma said.  
 
The MEC added that the department is confident that as more entrepreneurs export their products, “we will see a significant increase in foreign exchange earnings.”  

“We are saying to our entrepreneurs – the “Sky is not the Limit”. Go there - establish contact with prospective distributors and buyers - ascertain the market demand and trends and promote the Zulu Kingdom,” Duma said. – SAnews.gov.za

 

GabiK
Fri, 11/03/2023 - 14:06

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AGOA, AfCFTA can be complementary

Location: News

AGOA, AfCFTA can be complementary

Secretary General of the African Continental Free Trade Area (AfCFTA), Wamkele Mene, says the United States of America's African Growth and Opportunity Act (AGOA) initiative and the AfCFTA can be complementary and supportive trade initiatives.

He was speaking at a media briefing on the side lines of the ongoing AGOA forum held in Johannesburg.

At its core, the American driven AGOA is aimed at enhancing market access for countries in Sub-Saharan Africa while the African Union’s AfCFTA is aimed at significantly boosting and enhancing intra-trade across all African states.

“An example of how that alignment can take place is if you look at the protocol on investment which establishes enhanced legal rights for investors but also enables countries to regulate investment inflows in the public interest. 

“Similarly in the area of intellectual property rights. The US TR [United States Trade Representative] under Ambassador [Katherine Chi Tai] has been very clear that they support reforms of the global patent system so that it is at the service of public health and at the service, in our case as the continent, at the service of industrial development and job creation. 

“These are some of the principles, we believe, should be considered where we are to have a discussion about trade and investment between AGOA eligible countries and the United States. These are some of the complementarities [between AGOA and the AfCFTA] that can be explored,” he said.

Mene said the continent must be “cautious not to create fragmentation within the AfCFTA as we implement AGOA”.

“In the AfCFTA there are countries in North Africa who are state parties to the agreement establishing the AfCFTA. There are also countries that are within AGOA eligibility. So that fragmentation, we have got to address it so that we don’t reverse the gains that we are making in integrating the economy of the African continent. 

“I’m very encouraged that the US is willing to listen and is sensitive to this need to progress on integration,” he said at the session.

The Secretary General was emphatic when asked about the possibility of AGOA becoming an obstacle for the implementation of the AfCFTA.

“It’s a technical issue. I don’t think it’s really a political issue, it’s a technical issue about how we make that legal technical alignment between the rules of the AfCFTA and AGOA.

“We are taking measures to ensure that the implementation of AGOA supports industrial development, supports regional integration [and] supports the objectives of the AfCFTA,” he concluded. – SAnews.gov.za

NeoB
Fri, 11/03/2023 - 14:27

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US forges ahead to build stronger relations with Africa under AGOA

Location: News

US forges ahead to build stronger relations with Africa under AGOA

Amid challenging global economic circumstances, United States Trade Representative Katherine Tai believes there is an opportunity to shape a stronger, new and forward-looking vision for United States-Africa trade, where more segments of society are brought in.

"[A vision] where, as President [Joe] Biden would say, ‘the benefits are realised from the bottom up and the middle out,” Tai told delegates on Friday.

In the words of Tai, the United States remains a committed partner as Africa continues this journey.

Tai was speaking at the three-day African Growth and Opportunity Act (AGOA) Forum currently underway at the Nasrec Expo Centre in Johannesburg.

“As President Biden said at the US-Africa Leaders' Summit last December, ‘the United States is all in on Africa’.” 

African Continental Free Trade Area

Tai, who is the principal trade advisor and spokesperson on United States trade policy, announced that her country backs the implementation of the African Continental Free Trade Area (AfCFTA) under the US-AfCFTA Memorandum of Understanding (MoU) on Cooperation for Trade and Investment. 

This comes after the AfCFTA Secretary General, Wamkele Mene, and Tai signed the MoU during the summit.

“We created four Technical Working Groups, and the US government is providing approximately $160 million to support the negotiation and implementation of the AfCFTA,” Tai said. 

This includes support from the United States Agency for International Development, the US Department of Agriculture, and Prosper Africa.

“The United States is here to build and enhance our relationships so that more Africans can enjoy the benefits of economic growth, to empower workers and their communities, and to build fair and equitable societies, not just for today, but for years to come,” Tai said.

She has since called on all stakeholders to work together to further unlock the potential of the partnership to pursue sustainable and equitable growth, especially for women, youth and the African diaspora.

The representative said she was looking to talk about improving utilisation rates, exploring additional trade tools to complement the AGOA relationship, implementing the AfCFTA, and better use of the multilateral trading system for the benefit of underserved groups. 

“All of you in this room play such an important part in fully realising this vision. No one government can get there alone, and that is the power of this forum. A committed and thoughtful community with a common goal of strengthening our US-African trade and investment relationship.”

Tai described AGOA as a vehicle for workers and businesses across Africa.

“This is important, as all of us continue our economic recovery from the COVID pandemic.”

She also shifted her focus to challenges following the pandemic that battered economies, climate crisis, growing inequality and economic insecurity.

“But there have also been positive developments,” Tai said.

The green shoots, she said include trading under the AfCFTA since January 2021 and African Union joining G20 in September this year. 

Tai cited the African Development Bank’s report that stated that five of the world’s 10 fastest-growing economies are projected to be in Africa.

She singled out South Africa, which is ranked one of the largest AGOA users, with the country being the top exporter in 2022, with $3.6 billion in exports. 

“South Africa is leading the continent on other aspects as well, including through its clear commitment to human rights.”

She noted that the total goods imported into the United States under AGOA was about $10 billion in 2022, a significant increase compared to $6.8 billion in 2021.

Meanwhile, the non-petroleum imports –  major sources of new investment and jobs in Africa, went up to $5.7 billion in 2022, from $5 billion in 2021.

“The programme has fostered economic growth and development on the continent to increase investment and to create new jobs and opportunities,” Tai said.  – SAnews.gov.za

Gabisile
Fri, 11/03/2023 - 14:27

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Africa has products for the global market

Location: News

Africa has products for the global market

Minister in the Presidency Khumbudzo Ntshavheni says what African producers seek is increased access to markets.

She was speaking on the sidelines of the African Growth and Opportunity Act (AGOA) Forum held in Johannesburg on Friday.

The Minister explained that producers on the African continent seek even greater access to markets in order to thrive.

“We’ve got a lot of production that is coming from Africa and what we are seeking is more access to markets. There’s been a tendency – and business and organised labour, and also civil society, raised this concern – that the largest trade in AGOA is taking place in minerals and raw products instead of getting the beneficiation.

“We need to get the beneficiation. We need investors to invest here. But there are products from SMMEs, who are now given certification in terms of rules of origin, that they are done on the African continent and therefore they must have access to market there.

“Our agricultural products, for example, were part of the issues that were raised… We’ve got a lot of products not only for the US market but for the global market from the African continent,” Ntshavheni said.

The Minister reiterated President Cyril Ramaphosa’s call for an extended period of extension for the AGOA initiative.

“[During the forum] there were readouts from the various sectors… the private sector, organised labour, civil society, women representatives and the trade ministry and all of them collectively have reiterated the need to make the AGOA extension not a short extension but a longer extension, with a proposal of a 20-year extension so that it can be what the President [Cyril Ramaphosa] deemed the long haul.

“That gives certainty to investors and you can then look in the longer term and a bigger investment. That’s the gist of us being here and we are happy that despite the challenges, the 20th edition of the AGOA Forum is taking place in South Africa,” she said.

The Minister emphasised that Africa is on a growth path that will lead to a strong future.

“We are determined as the African continent that we are going to work together to make sure that Africa is the hub of development. Africa, by 2030, will be the continent with the largest population, therefore it will be the largest market for any global goods and services and therefore, we are going to rely on ourselves,” Ntshavheni said.

The Minister responded to questions related to perceptions of “shaky” relations between South Africa and the US.

“South Africa-US relationships are not shaky. We have South Africans who speak very loudly and express their views, and the Americans also do the same. But the relationship between South Africa and the US has always been solid because they are one of our largest trading partners and we are one of their largest trading partners on the African continent,” Ntshavheni said. – SAnews.gov.za

NeoB
Fri, 11/03/2023 - 15:32

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Cosatu backs SA’s continued AGOA membership

Location: News

Cosatu backs SA’s continued AGOA membership

Congress of South African Trade Unions (Cosatu) President Zingiswa Losi says the federation has thrown its weight behind the African Growth and Opportunity Act (AGOA) and for its renewal as the country continues to fight joblessness. 

“As a trade federation movement, our responsibility is towards ensuring we protect jobs and that is why we have always had support for our government. 

“But beyond that, we continue to advocate and request our sister federation in the US to be our voice on that side that the United States of America and the Biden administration will be able to renew AGOA for the next 10 years before they go for their elections next year,” she said on Friday. 

Losi was speaking during a media briefing on the sidelines of the AGOA Forum, which is currently underway at the Nasrec Expo Centre in Johannesburg.

Launched in 2000, AGOA grants exports from qualifying African countries duty-free access to the United States market.

She reflected on the impact of the piece of legislation, which has created 450 000 jobs linked to the United States-Africa trade in different sectors. Losi said the mining, manufacturing, auto manufacturing, clothing, agriculture and jewellery industries have benefited from the legislation through exports. 

The Cosatu President said the federation supports South Africa’s continued AGOA membership. 

“It is also important that that unaligned role is strengthened when we deal with the geopolitics and it’s critical for government and business to simultaneously expand the trade and investment with other large trading partners such as the European Union, China and Japan and as you know we’re also part of the BRICS Trade Union Forum.”  

Diversification, Losi believes, will ensure South Africa is able to trade with all countries to address the 42% unemployment rate, of which 60% of those are youngsters.

“Importantly, for us to do that we need to address issues of energy in the country, crime and corruption and also the issues of rail and infrastructure.” 

Meanwhile, during President Cyril Ramaphosa’s main address, he said he remains concerned about the negative effects that trade restrictions on products like steel, aluminium or citrus fruit have on AGOA utilisation rates.

President Ramaphosa said he hopes the forum will help lay the basis for these to be addressed in future and that more targeted efforts to promote greater levels of investment can help unlock AGOA’s opportunities. – SAnews.gov.za

 

Gabisile
Fri, 11/03/2023 - 15:36

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Clanwilliam Dam project revival brings wish to West Coast

Location: News

Clanwilliam Dam project revival brings hope to West Coast

The resuscitation of Clanwilliam Dam engineering work has sparked optimism among the West Coast corridor communities. 

This comes after Water and Sanitation Minister Senzo Mchunu conducted an oversight visit to the construction work underway at the dam site on Thursday.

The R4 billion project, situated on the Olifants River near the town of Clanwilliam in Cederberg Local Municipality, is one of the biggest government infrastructure investments in the Western Cape. 

The project involves raising the dam wall by 13 metres. A total of R400 million has been allocated for the current financial year to implement the project.

The project includes extension of the dam wall on the downstream side, and raising it to a higher level by 13 metres. 

The additional yield of water will provide an opportunity to develop resource poor farmers to promote food security and decent employment through inclusive economic growth.

During the visit, Mchunu said, unlocking the bottlenecks that caused the collapse of the project and seeing it to its completion is the biggest priority for the Department of Water and Sanitation.

Mchunu said the yield from the extended infrastructure will bring a lifeline to many livelihoods in this region. 

“What we see happening here at the dam construction site is encouraging and there is no stopping until we finish. The dam currently yields about 123 million cubic meters of water and when the project is completed, it is expected to yield 343 million cubic meters of water, thus bringing into the system almost double the current yield,” Mchunu said.

Addressing stakeholders and residents that converged at the town’s local church hall, Mchunu said government is committing many resources to building projects across the country, and that through projects like Clanwilliam, the department strives for quality water to flow to South African households. 

“We have built a solid, tight management team for the Clanwilliam Dam project, and we will support them to see it through to the end. The revival of the project is a hit for the Western Cape province.” 

Mchunu said government is aware of the delays in the implementation of the Clanwillliam Dam project over the years, and assured that with the recent resuscitation of the project, the department remains committed to completing the work within the revised timeframes, budgets and specifications.

Among the direct benefits associated with the project, include more than 500 job opportunities for skilled, semi-skilled and unskilled workers, and the development of skills and learning opportunities; and new business opportunities for the locals.

Western Cape Infrastructure MEC Tertuis Simmers, who joined Mchunu during the visit, said the province welcomed the resuscitation of the dam project, noting there is a long history associated with the project. 

“We welcome that work has commenced and interventions by stakeholders to unbundle the hindrances. This will now further accelerate the hydro-energy projects planned for the West Coast corridor and bolster the agricultural sector. 

“As the spheres of government alongside the private sector, we remain committed to the successful delivery of this project,” Simmers said.

Francois Swaartbooi, a local businessperson, said the project has provided renewed hope for stakeholders of the West Coast, and they are happy it is being revived. 

Swartbooi said they have established a business forum to ensure that local small medium enterprises benefit from the project.

The current work at the construction site includes excavations to prepare platforms for the drilling and blasting operations; blast proposal and design by the Drill and Blasting sub-contractor, and geologists to inspect the vertical faces of the excavation to determine the rock anchor details. – SAnews.gov.za

GabiK
Fri, 11/03/2023 - 15:03

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Celebrate the Festival of Lights with these Chai-inspired recipes

Location: MyPR

Diwali is a vibrant celebration of the triumph of good over evil, which embraces the beauty of colour, music, light … and taste! In celebration of the Festival of Lights on Sunday, 12 November, Tetley is adding to the flavour this year with some delectable Chai-inspired recipes. Drawing on Chai’s rich history, Tetley Masala Chai …

Read moreCelebrate the Festival of Lights with these Chai-inspired recipes

President Ramaphosa calls for substantial lengthening of AGOA

Location: News

President Ramaphosa calls for substantial lengthening of AGOA

An extension of the African Growth and Opportunity Act (AGOA) for a longer period of time can act as an instrument to entice investors to pour more resources into the African continent.

“We would like you to look at the extension or renewal of AGOA for a sufficiently lengthy period for it to act as an incentive for investors to build new factories on the African continent.

“As we were going around talking to a number of product producers, the recurring message and word I heard is ‘we can do more…if this opportunity is extended and we can build more capacity if we have certainty that yes, the period of extension will be longer’.

“Shorter periods of extension impede investment ambitions and we therefore want to see a much lengthier period of extension. The United States and Africa… are going to be here for a long time. We are here for the long haul so let us make AGOA a long haul opportunity for all of us,” said President Cyril Ramaphosa at the opening of the AGOA Forum, currently underway at Nasrec in Johannesburg.

The President reflected on the successes that have been made under AGOA for African countries.

“When excluding exports of crude oil under AGOA, the data show that the programme has substantially improved the export competitiveness of certain African products, especially textiles and apparel.

“Apparel exports from Lesotho, Ethiopia, Mauritius, Madagascar and Kenya have not only led to the creation of tens of thousands of jobs but these countries have become reliable producers for American consumers.

“Other parts of manufacturing have also seen success under AGOA. South Africa’s auto exports to the United States under AGOA have contributed to job creation in South Africa and in the auto supply chain within neighbouring countries.

“We value the relationship with the United States, the world’s largest national market, and a country with which we have relationships that go well beyond trade. The African Growth and Opportunity Act – or AGOA – has served as the cornerstone of the US-Africa commercial relationship for more than two decades,” President Ramaphosa said.

Africa on the rise

President Ramaphosa told the forum that trading has been in the DNA of Africans for thousands of years – predating colonial oppression.

“From earlier times, our forebears were already trading not only within Africa but with the rest of the world. They traded right across the continent… but they also traded with the world. Trading is part of our DNA; it is in our blood and it is this trading that we want to modernise and we look for partners to support us in this development as we modernise our trading practices and relations,” he said.

As the continent continues to modernise its trading, it is moving away from being a supplier of raw materials to a producer of ready-made consumer products.

“Africa is an important source of critical raw materials but we do not want to be defined by simply being the producers of commodities. The great industrial opportunity lies instead in the transformation of the rocks that we mine and the metal that we produce into the sophisticated industrial and consumer goods that societies across the world need.

“Gone should be the days when Africa is just seen as a source of rock, soil and dust being exported out of our continent. We now want to produce the products that are finished or near finished, which are utilised in other parts of the world. We want to earn full value for our products,” he said.

President Ramaphosa said he remains concerned about the negative effects that trade restrictions on products like steel, aluminium or citrus fruit have on AGOA utilisation rates.

“We hope that the discussions at this forum will help lay the basis for these to be addressed in future.”

The President said more targeted efforts to promote greater levels of investment can help to unlock AGOA’s opportunities.

The purpose of the forum is to discuss ways to expand trade and investment relations between the United States and sub-Saharan Africa, and the implementation of AGOA, including encouraging joint ventures between small and large businesses. - SAnews.gov.za

 

NeoB
Fri, 11/03/2023 - 13:07

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AGOA an opportunity to elevate labour standards and social justice issues

Location: News

AGOA an opportunity to elevate labour standards and social justice issues

The African Growth and Opportunity Act (AGOA) Forum creates a significant opportunity to elevate issues associated with labour standards and social justice.

This is according to Employment and Labour Minister Thulas Nxesi who delivered opening remarks at the Organised Labour and Civil Society AGOA Forum on Thursday. 

“We exist within complex social and economic environments that are ever changing. But our goals should be to achieve social justice and decent work for all people through a focus on decreasing unpaid labour, increasing social protection, doing away with employment discrimination, increasing wages, and improving job security. 

“Through these efforts we could contribute significantly to raising the standard of living within our communities,” he said. 

The Africa Growth and Opportunity Act is a unilateral trade preference scheme that provides qualifying Sub-Saharan African countries with duty-free, quota-free access into the United States market. AGOA remains the cornerstone of the USA’s commercial relations with Sub-Saharan Africa.

The Minister highlighted that an important component of the AGOA built into the AGOA Act are issues of labour, employment and human rights.

He said that each AGOA Forum has had a Civil Society Forum on the fringes which has included organised labour and civil society organisations from AGOA eligible countries.

 However, the Organised Labour and Civil Society Forum being hosted in South Africa marks the first time that organised labour is elevated as a separate sector.

“From a South African perspective we see this as a significant step to elevate some key issues in relation to employment, labour rights and trade matters,” the Minister said. 

Nxesi said Africa has a youthful workforce and this creates a significant opportunity for the development of the continent.

“To be able to leverage this immense potential it is becoming increasingly important to consider the forces at play in shaping the future of work globally and on the continent.  

“The digital transformation and technological advancements in and across sectors create immense opportunities for greater diversification within sectors of the economy however, they also pose challenges to our labour and social fabric.

“Therefore, as we grapple with the integration and mainstreaming of these forces into our communities we should not lose sight of the importance of respecting, promoting and realising fundamental principles and rights at work,” he said.

Guided by international labour standards, the Minister said stakeholders should seek to create resilient, sustainable and inclusive communities with greater levels of equity that lead to the improvement of living standards.

Nxesi said the question that needs to be asked is: “How do we best utilise the opportunities which come with AGOA to expand trade and investment – but in such a way that we create employment, thus improving the conditions of our people – whilst also strengthening human and labour rights?” – SAnews.gov.za 

 

DikelediM
Fri, 11/03/2023 - 09:13

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Emerging Black Innovator and Entrepreneur Ezra Rasethe: Democratizing Wealth Creation in South Africa through Property Investment

Location: MyPR

Ezra Rasethe, Founder and CEO of InvestRand, is spearheading a mission to democratize wealth creation in the country. InvestRand empowers ordinary individuals to build long-term wealth through property investment. The innovative marketplace partners with everyday South Africans, providing them with the knowledge and tools to achieve their investment goals, whether it’s capital growth, passive income, …

Read moreEmerging Black Innovator and Entrepreneur Ezra Rasethe: Democratizing Wealth Creation in South Africa through Property Investment

SARS welcomes MTBPS revenue revision

Location: News

SARS welcomes MTBPS revenue revision

The South African Revenue Service (SARS) has welcomed the tabling of the Medium Term Budget Policy Statement (MTBPS), despite the statement’s downward revision of revenue collection by some R56.8 billion.

The MTBPS was tabled by Finance Minister Enoch Godongwana in Parliament on Wednesday.

“SARS has continued with its core functions of collecting all that is due to the fiscus. During the first half of the current fiscal year, we have collected gross revenue totalling R1 016.3 billion, growing by 4.5% and recording a surplus of R1.0 billion against the Budget 2023 estimate.

“This performance is on the back of strong gross collections from VAT, Fuel Levy and PIT [Personal Income Tax], partially offset by lower gross collections from CIT [Corporate Income Tax], as company profits remain under pressure. Without our assistance, the fiscal framework would have been under greater pressure.

“This is a good news story and offers hope in a currently challenging environment. Through focused commitment, SARS has paid back to the economy through refunds for the first six months of the current fiscal year an amount totalling R212.2 billion, higher by R24.6 billion over the prior year and higher than the Budget 2023 estimate by R30.1 billion,” the revenue service said in a statement.

The 2023 main budget had projected collections would reach some R1.78 trillion but that has now been revised down to R1.73 trillion.

“Income and profits in the broader economy have been adversely affected from what was anticipated at the 2023 February Budget. Provisional corporate income tax collections, from especially the mining sector, have reduced at the end of the June 2023 and led to a larger than expected deficit against the 2023 Budget estimate.

“Nevertheless, higher-than-estimated profitability in the finance sector (amongst others) supported provisional corporate income tax and dividends tax collections. Main sector performance that showed growth includes – Finance 7.8% from employment and vesting of shares, Community 6.8% from annual salary increases (mainly Government) and Wholesale 6.2%, mainly from retail and vehicles,” SARS said.

The revenue service highlighted that net tax revenue performance is “impacted adversely” by local and global challenges.

“A slowdown in mining production is down 55% due to lower demand of coal. This is compounded by disruptions to and underinvestment in freight and logistics networks, which erode the competitiveness of the South African economy. The intermittent and inadequate electricity supply remains the most immediate and significant constraint to production, investment, and employment.

“Rising inflation rates constrained household spending by raising the cost of living. Global growth slowed further in recent months. Central banks are countering the effects of high inflation by implementing restrictive monetary policies for longer than anticipated which negatively impact on all developing countries. Several global risks remain, including the increase in geo-political tensions, resulting in the need for stronger domestic demand to support economic growth,” SARS said.

The revenue service added that Gross Compliance Revenue yielded some R118.4 billion.

Key focus areas in this regard include:

  • R11.9 billion from revised assessments flowing from the verification of 1.12 million returns, up Y/Y up by R5 billion (70%).
  • Almost R40 billion that was secured from resolving more than 440k debt collection cases, up Y/Y R4 billion (±12%).
  • R2.3 billion secured from 121 illicit investigations and 181 state capture cases in progress, 27 cases handed to the NPA.

Fraudulent claims

SARS highlighted that fraudulent refund claims remain a concern for the tax collector.

“At R172.1 billion, VAT refund payments contribute 81% to the overall outflows, growing against last year by R21.5 billion. 84% of all VAT Refunds are paid within 21 days, up from 77% last year. However, like all other revenue agencies, impermissible and fraudulent refunds remain a concern in this year, SARS prevented R45 billion from being paid out.

“Equally important is that we have prevented R45 billion from being paid out following verification activities that were enabled by Artificial Intelligence. Impermissible and fraudulent refunds remain a concern, and we must deal with this phenomenon,” the tax collector said.

SARS Commissioner Edward Kieswetter encouraged South Africans to do the right thing and pay what is due to the tax authority.

“The historic win by the Springboks on Saturday communicates an important yet simple message – that every single point makes a massive difference between winning and losing. While the odds were stacked heavily against the Springboks, it took superhuman efforts individually and collectively to contribute to what at times look like an impossible victory.

“It is therefore incumbent upon all of us as South Africans to play by the rules like the Springboks and never give up until the final whistle blows,” Kieswetter said. – SAnews.gov.za

NeoB
Thu, 11/02/2023 - 09:07

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Rugby World Cup win demonstrates power of transformation

Location: News

Rugby World Cup win demonstrates power of transformation

President Cyril Ramaphosa says the 2023 Rugby World Cup (RWC) win has demonstrated the power of transformation.

“The Springboks are a potent symbol of just how far we have come as a people. That is why you have been so warmly embraced by South Africans of all races as their own,” President Ramaphosa said.

This was the fourth victory by the Springboks for the championship. All four championships have taken place during South Africa’s democratic years.

The President reflected on when former Boks captain Francois Pienaar and President Nelson Mandela lifted the Webb Ellis Cup at Ellis Park Stadium on 24 June 1995.

“Our democracy was just over one year old. South Africa had just been readmitted to World Rugby three years earlier. There was only one black player on the team, the legendary Chester Williams. It was a monumental, historic and deeply symbolic occasion. This win is also monumental,” he said.

The Springboks won the 2023 RWC against New Zealand at the finals in Paris, France, on Saturday, 28 October 2023.

Welcoming the Rugby World Cup champions at the Union Buildings in Pretoria on Thursday, the President was joined by scores of Springbok supporters across different age groups and races, who filled the streets and cheered for the team.

They were in high spirits, proudly wearing their Springbok jerseys as they celebrated and chanted the names of their favourite players.

A large media contingent was also present to capture the Webb Ellis Cup parade, which kicked off in Pretoria. The world champions are embarking on a four-day Trophy Tour to major regional population centres from Thursday, with the next stop being in Johannesburg and Soweto, concluding at FNB Stadium.

“Never in the history of the Rugby World Cup has any team lifted the trophy on four occasions. Until now. In doing so, you have lifted the spirits of an entire nation and filled us with pride. 

“You have united the South African people. The words 'Amabokobo', 'Go Bokke' are being shouted from the rooftops by black and white, young and old, urban and rural dwellers, in all our national languages. Over the past eight weeks, this country has been a sea of green and gold.

“People who haven’t even followed rugby before or been interested in the game are now talking with confidence about scrums, rucks, drop kicks and tries,” the President said.

He said the performance of the Springboks in this year’s Rugby World Cup has captured people’s imagination and energised them in a way not seen in a long time.

“It has reminded us that even amidst our many challenges, there is always room for optimism and hope. I have said before that we do not make light of the challenges our country faces. We certainly do not imagine that a sporting victory can or will wish them away. 

“Your journey to victory in France on Saturday night was as much about our journey towards nationhood as it was about sporting excellence.  It was as much about the power of transformation,” said the President.

He said Amabokoboko are testament to the power of a dream. 

“Every young boy and girl in this country today – whether they are black, white, Indian or coloured – now knows they don’t have to be content with dreaming of becoming like you. They know they can be you,” the President said.

The Springbok rugby team tour will continue in Cape Town (Friday, 3 November) and Durban (Saturday, 4 November) before concluding in the Eastern Cape (East London) on Sunday, 5 November.

Springbok captain Siya Kolisi expressed gratitude to South Africans for supporting the team during the tournament.

“We, as a team, chose to dedicate this World Cup to you because you are the reason we are where we are today. Your resilient spirit, how hard you work and the things that you go through to be where you are in life.

“Your support kept us going. We are very diverse and we wanted to show that diversity is our strength in South Africa. We need to use our diversity. It is a powerful force that many countries do not have and that we can use.

“When we work together regardless of our backgrounds, we put South Africa first and work for South Africa. That is what we did. We did it by playing rugby,” Kolisi said.

South African Rugby Union (SARU) President Mark Alexander said the team’s victory is a testament of the unwavering support and boundless passion of the millions of South Africans who supported the team.

“Your Tik Toks, YouTube and Facebook posts celebrating the victories played a role in motivating our team as they fought brilliantly on the field. Our team has achieved a historic fourth Rugby World Cup, an epic accomplishment that could not have been possible without the dedication and commitment of our players, led by the coaching team,” Alexander said. –SAnews.gov.za

nosihle
Thu, 11/02/2023 - 11:56

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Government recognises media’s role in advancing democracy

Location: News

Government recognises media’s role in advancing democracy

The South African government has joined calls for the protection of journalists’ rights, particularly during a time when South Africa is preparing for national elections.

According the United Nations Educational, Scientific and Cultural Organization UNESCO violence against journalists intensifies during election cycles.

“Professional journalism and a free and objective press are cornerstones of democracy and serve to hold society accountable. We acknowledge the essential role journalists play in our democracy fighting for truth. We condemn any form of violence or intimidation against journalists domestically and internationally.

“South Africa remains committed to supporting a free and independent press. The protection of journalists is of utmost importance, as it is a form of protection of our own rights”, said Acting Director-General of the Government Communication and Information System (GCIS) Nomonde Mnukwa on Thursday.

Following the assassination of two French journalists in Mali in 2013, the United Nations General Assembly adopted Resolution A/RES/68/163, which proclaimed November 2 as the International Day to End Impunity for Crimes Against Journalists. 

The resolution mobilises United Nations member states to intensify efforts to prevent violence against journalists and create a conducive environment for them to perform their work.

“This day provides an opportunity for all who believe in the advancement of democratic values and the preservation of citizen’s constitutional rights to speak out against any form of violence or harassment of journalists,” Mnukwa said.

Last month, South Africa commemorated Black Wednesday, which aims to raise awareness about the rights of journalists and remembers those who lost their lives fighting for the dignity of the profession.

In August, GCIS hosted a panel discussion with more than 100 journalism and communication students at the Tshwane University of Technology on the topic of Cyberbullying of female journalists, to create awareness on the harassment, discrimination and violence they face in the line of duty. 

Furthermore, GCIS is planning to host a webinar on “Violence Against Journalists and the Integrity of Elections,” in the coming week.

“This is to ensure that, leading up to the election period next year, everyone is cognisant that journalists keep society informed, and foster democratic discourse and integrity of electoral processes.  Details of the Webinar will be shared shortly.

“Government also commends the work done by the Independent Electoral Commission (IEC) as well as the South African National Editors Forum (SANEF) and various partners on the workshops they have been hosting across the country to prepare media for reporting on the upcoming 2024 national general elections,” GCIS said. – SAnews.gov.za

nosihle
Thu, 11/02/2023 - 12:39

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Measures in space to ensure safe and secure AGOA

Location: News

Measures in place to ensure safe and secure AGOA

The National Joint Operational and Intelligence Structure (NatJOINTS) has put measures in place to ensure the 20th African Growth and Opportunity Act (AGOA) Forum takes place in a safe and secure environment.

NatJOINTS includes various government departments led by the South African Police Service (SAPS), South African National Defence Force (SANDF) and the State Security Agency (SSA).

Police spokesperson, Brigadier Athlenda Mathe, said a safety and security operational plan is already being enforced, with all critical role players already on the ground to execute their various responsibilities, as per their mandate.

Mathe said police visibility has been heightened in and around the Johannesburg Expo Centre, with the aim of preventing and combating any form of opportunistic crime, before, during and post the event.

She emphasised that only those in possession of accreditation to attend will be allowed near the venue and restricted areas. 

“Those found with fraudulent accreditation will face the full might of the law. Lost cards must be immediately reported to the South African Police Service. It is a serious offence to exchange cards amongst colleagues.
 
“Residents of Johannesburg and those who are operating businesses within the vicinity of the Johannesburg Expo Centre are advised about road closures for the duration of the event,” Mathe explained. 

The affected intersections in the Nasrec precinct as reported by Johannesburg Metropolitan Police Department (JMPD) include: 
•    Nasrec Road and Recreation Road;
•    Nasrec Road and Randshow Road;
•    Randshow Road and Commerce Street;
•    Nasrec Road and Landbou Road; 
•    Golden Highway Road and Randshow Road;
•    Ring 1 and Ring 2;
•    Golden Highway and Stadium Road and
•    Nasrec Road and Stadium Road.

NATJOINTS assured all dignitaries, attendees and spectators that multidisciplinary and integrated teams are already on the ground and are ready to deliver a safe and secure event. – SAnews.gov.za
 

GabiK
Thu, 11/02/2023 - 09:49

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AGOA Trade and Economic Cooperation Forum

Location: News

AGOA Trade and Economic Cooperation Forum

By Michael Currin

Growing business, trade and investment ties between sub-Saharan African nations that are part of the Africa Growth and Opportunity Act and the United States (US) holds enormous benefits for the two regions.

Last year the combined two-way trade between AGOA beneficiaries and the United States exceeded $46 billion and there is strong potential for further growth as trade and investment is deepened.

These trade and investment opportunities will be explored at the 2023 AGOA Trade and Economic Cooperation Forum, which is being hosted by South Africa at the Johannesburg Expo Centre from 2-4 November 2023.

The forum, attended by a senior delegation from the United States and 35 Sub-Saharan Africa Trade Ministers, will seek to strengthen trade and investment. Moreover, with African Regional Economic Communities, civil society, organised and business representatives in attendance, it also encourages regional integration.

There is ample room for growth between the US and Africa, particularly in the critical mineral value chain which is at the centre of the global clean energy transition. The continent is a major producer of cobalt, copper, bauxite, chromium, high purity iron ore, platinum group metals and lithium which is needed for the global energy transition.

Those who partner with the continent will have access to these critical resources to spur on and benefit from the clean energy revolution. The International Energy Agency’s World Energy Outlook 2022 foresees demand for these critical minerals more than doubling by 2030 and quadrupling by 2050.

The forum also reaffirms Africa as a capable economic partner and a lucrative destination for growth and investment. Sub-Saharan African economies are on the rise following the impact of COVD-19 with the International Monetary Fund's Regional Economic Outlook forecasting their growth by 4.2 per cent in 2024 from 3,6 per cent in 2023.

Alongside the forum will be the Made in Africa exhibition that will display the products of more than 500 companies from across Sub-Saharan Africa. It will exhibit the region’s agricultural, automotive, chemicals, metals and minerals, mining and machinery, clothing and textiles, leather and footwear and the boatbuilding sector products.

Significantly, this forum is the last engagement hosted in Sub-Saharan African before the expiry of the current iteration of the African Growth and Opportunity Act in June 2025.  AGOA has been at the core of United States economic policy and commercial engagement with Africa.

It was signed into law on 18 May 2000 to provide duty-free exports of goods from 40 sub-Saharan African countries to the United States, giving them a competitive advantage in the lucrative US market.

There are over 5240 tariff items that qualify for the AGOA ranging from apparel and footwear, wine, certain motor vehicle components, a variety of agricultural products, chemicals as well as steel.

The 2023 AGOA Trade and Economic Cooperation Forum is an opportunity to lobby for the renewal of AGOA beyond 2025 as a mutually beneficial platform for global exchange and growth for the industries involved, and as a gateway to the vibrant African market. An extension of AGOA will promote inward investment in Africa and deepen the impact of industrialisation on the continent. 

Furthermore, it will also support our efforts to increase trade through the African Continental Free Trade Area (AfCFTA) that covers 54 countries and 1.4 billion people. It is anticipated that Africa’s trade will be greatly boosted by AfCFTA and the US stands to gain access to a single market, which is projected to grow to 1.7 billion people and $6.7 trillion in consumer and business spending by 2030.

The trade relationship between the US and South Africa has greatly benefitted from the AGOA agreement.

South Africa remains a key source of raw materials for the American economy and has become one of the region’s top 3 exporters to the US. The most success has been in our automobile sector which is the country’s biggest single beneficiary of the programme. Our local citrus industry has also benefited with the Western Cape exporting approximately R1.6 billion worth of citrus to the US under AGOA in 2022.

Other leading exports to the US included iron and steel, edible fruits, organic chemicals and precious stones. It helped create a total of 62 395 direct and indirect jobs, while overall AGOA generated an estimated 350 000 direct and 1.3-million indirect jobs in Sub-Saharan Africa.

South Africa looks forward to welcoming stakeholders from the US and across the continent to the forum. The stronger ties will ensure reciprocal trade and investment that will benefit both the US and Africa.

* Michael Currin is the Deputy Director-General Intergovernmental Coordination and Stakeholder Management at the Government Communication and Information System
 

Janine
Thu, 11/02/2023 - 08:54

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