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How Mukuru Is Reshaping Aid Disbursements, Payroll and Bulk Commercial Payments in Malawi and Zimbabwe

Location: News
Mukuru

Mukuru (www.Mukuru.com) is a leading next-generation financial services platform that offers affordable and reliable financial services to a customer base of over 16-million people across Africa, Asia and Europe. The company, dedicated to continuously building a strong, reliable and resilient financial payments infrastructure to allow its customers to access new physical and digital services that add value, is also transforming the landscape of commercial and aid payments through its Enterprise Payments Platform (EPP). 

EPP is a secure, efficient, safe and cost-effective solution for collections and bulk payments and is built off the successful use case of Mukuru's widely known remittance services. 

This case study explores how Mukuru's EPP is addressing the challenges associated with aid disbursements, payroll, and commercial transactions in underserved communities, including limited financial infrastructure, high transaction costs and issues regarding security, speed and regulations. 

It examines how EPP is revolutionising bulk payments in these critical sectors, with a focus on Malawi and Zimbabwe, by tackling the difficulties businesses and aid organisations encounter when serving remote areas. 

The challenge 

Tererai Mare, Enterprise Market Development Manager at Mukuru, explains that before EPP, businesses and nonprofits had to rely on traditional methods such as mobile money and banks to facilitate bulk payments. “These methods presented limitations — high transaction and encashment fees, delays, and limited reach in rural areas,” Mare says. “These issues hindered the efficient distribution of aid and management of payroll, especially in vulnerable communities.” 

Aid organisations faced significant hurdles in making bulk payments, while remote communities had limited access to affordable and convenient financial services. This created delays in aid reaching those in need and added financial pressure on businesses. 

The solution 

EPP was built on Mukuru's extensive person-to-person physical and digital payment infrastructure across Africa. The platform, known for its reach and liquidity, has many benefits, explains Mare. 

These include: 

  • Instant payouts: Funds reach beneficiaries instantly through cash collection points or digital wallets. 
  • Traceability: The platform offers full transaction tracking, which enhances transparency. This is vital for aid agencies for financial reporting to secure ongoing funding. 
  • Competitive fees: Lower costs benefit both businesses and nonprofits. 
  • Extensive network: Mukuru's branches, booths and mobile disbursement teams, alongside a rich network of partner locations, provide exceptional reach across southern and eastern Africa. 
  • Security: The best technology and processes ensure secure transactions. 
  • Flexibility: EPP caters to aid, commercial, and social grant distribution needs. 

Aid Agency Applications: 

Malawi 

Chiyembekezo Ken Ndala, Enterprise Sales Manager for Malawi at Mukuru, shares that the company partnered with CADECOM National Office for emergency flood relief in the aftermath of a recent cyclone. “CADECOM used the Mukuru platform to reach 4,520 households across several underserved areas.,” Ndala says. The timely distribution of funds allowed families to recover quickly and have their basic needs met. 

Mukuru also partners with Yamba Malawi, which provides monthly stipends to teenage mothers. “Yamba Malawi supports teen mothers, each receiving $20 per month for 12 months, with an additional $100 as seed capital after six months. This funding helps them care for their children and start small businesses to break the cycle of poverty,” Ndala explains. As an ongoing project, Mukuru has disbursed over $100,000 (MK183,600,000) to these beneficiaries. 

Zimbabwe 

Michael Scott, Group Head of Commercial at Mukuru, says that Mukuru has built extensive partnerships with United Nations agencies, including UNICEF, the International Organisation for Migration (IOM), and the World Food Programme (WFP). 

“Mukuru was awarded a contract by WFP to distribute monthly cash grants to refugees at the Tongogara Refugee Camp. The EPP platform enables efficient delivery and end-to-end traceability of essential emergency funds to this vulnerable community” Scott explains. 

Scott explains that Mukuru has been awarded prestigious Long-Term Agreements by both UNICEF and the International Organisation for Migration (IOM), underscoring its capability and reliability in delivering essential financial services across Africa. Under these agreements, Mukuru has facilitated payments to beneficiaries under emergency social cash transfer programming in Zimbabwe, alongside the provision of payroll services and payments to vendors and workshop participants. 

International NGOs, like Action Contre la Faim, have partnered with Mukuru to deliver cash transfers to remote households via Mukuru's mobile disbursement service. Mukuru's mobile teams schedule trips to these hard-to-reach areas and provide regular access to financial services, supporting a base level of financial inclusion and social upliftment otherwise not possible. 

Payroll and Commercial Applications: 

Mare explains that Mukuru also serves the varying needs of businesses needing to make payments to their employees, customers or smaller suppliers, who may not have bank accounts. “Many workers earn low salaries, making bank accounts unaffordable due to high transaction and maintenance fees. The EPP platform helps these workers receive payments efficiently, without encashment or ongoing account fee, addressing a major financial inclusion gap.” 

On the commercial side, Mukuru partners with the likes of Cottco and Premier Tobacco Auction Floors, heavyweights in Zimbabwe's cotton and tobacco industries, to facilitate payments to small-scale farmers. “These farmers often don't have bank accounts and come from far and wide to sell or auction their goods. Mukuru's EPP ensures they receive payments securely and swiftly. A Mukuru cash voucher is as trusted as the USD cash for which it can be exchanged, but safer to travel with on long journeys to and from the auction floors,” Mare adds. 

Conclusion 

Mukuru's EPP platform has redefined bulk payments and aid distribution for organisations struggling with traditional methods. Whether payroll or commercial settlement for businesses, or emergency aid for vulnerable communities, Mukuru offers efficiency, transparency, and security. 

With its vast network and proven ability to reach even the most remote areas, Mukuru continues to drive financial inclusion while streamlining bulk payments, reducing transaction costs, improving traceability and accountability, and minimising delays — critical when delivering aid. 

Distributed by APO Group on behalf of Mukuru.

Notes to Editor: 
Mukuru is a leading next generation financial services platform in Southern Africa that offers affordable and reliable financial services to a customer base of over 16 million across Africa, Asia and Europe. 

With over 100 million transactions to date, our core was built providing international money transfers and from this base, we've developed a set of services to address the broader financial needs of our customers. We now operate in over 60 countries and across over 500 remittance corridors. 

We are a business that puts the customer at the centre of everything we do, and for that reason, we serve clients across physical and digital channels, by various payment methods (cash, card, wallet) as well as a range of engagement platforms including WhatsApp, USSD, contact centre, App, website, agents and a branch and booth network. 

Mukuru has, for the fifth consecutive year, been listed as one of the top 100 Cross Border Payments businesses in the world in the 2024 FXC Intelligence Top 100 Cross-Border Payment Companies (https://apo-opa.co/41825jC), one of only six African companies to receive this accolade. 

In 2023, Mukuru officially ranked sixth on the LinkedIn Top Companies List in South Africa. 

Mukuru was celebrated for innovation and excellence at the 2023 Africa Tech Festival Awards, receiving the Fintech Innovation of the Year Award - an acknowledgment of the transformative power of financial technology in driving economic growth, financial inclusion, and digital transformation. 

In 2024, Mukuru won the IAMTN Payments Network Customers Experience Excellence Award for setting a high bar in exceptional customer satisfaction in cross-border payment services. Additionally, Mukuru was officially accredited as a 2024 Top Employer in South Africa by the Top Employers Institute. 

Further information can be found at https://www.Mukuru.com. 

Media Enquiries: 
Ammaarah Kootbodien: 
ammaarah@duomarketing.co.za 
(+27) 71 529 6449 

Kgomotso Hlakudi: 
kgomotso.hlakudi@mukuru.com 
(+27) 73 333 1672 

Mthokozisi Dube: 
mthokodube09@gmail.com 

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City of Tshwane warns service providers of fraudster

Location: News

City of Tshwane warns service providers of fraudster

The City of Tshwane has warned the public of a fraudster that is sending emails to service providers impersonating the City’s Chief Financial Officer about the appointment of a tender.

According to the City, the scammer is sending emails purporting to be the city’s Chief Financial Officer, Gareth Mnisi, and requesting that service providers contact them regarding the appointment of a tender to supply, deliver and off-load printing paper, files and envelopes for a period of three years, as and when required.

“The email is clearly manufactured by a fraudster and should be ignored. The public and potential service providers of the city are warned to not fall for such requests communicated via email or any other platform. The City’s tenders are advertised in various newspapers,” the city said on Thursday.

The City said it will be registering a case docket with the South African Police Service and ask them to escalate the matter to the Hawks.

 “The City hopes that the fraudster will be apprehended and prosecuted for committing crime using the name of the metropolitan’s CFO,” the city said. - SAnews.gov.za

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Fri, 11/29/2024 - 11:16

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Take advantage of the African trade initiatives – President

Location: News

Take advantage of the African trade initiatives – President

President Cyril Ramaphosa has urged South African companies to take advantage of the African Continental Free Trade initiatives.

The President said this while delivering his annual address to the National Council of Provinces (NCOP) in Parliament, in Cape Town, on Thursday.

On Sunday, the 1st of December, South Africa will officially take over the Presidency of the G20 group of countries.

Together, these countries account for 75 percent of the world’s trade and 85 percent of global GDP.

“As the African Continental Free Trade Area gains momentum, our companies need to expand their presence in the huge continental market that is being formed.

“We will use our Presidency to bring the development priorities of the African continent and the Global South more firmly onto the agenda of the G20,” the President said. 

Through the G20 Presidency, South Africa will focus on the theme of "Solidarity, Equality and Sustainability". 

“We will call on the members of the G20 to stand in solidarity with those people who are facing hardship, poverty and conflict.

“We will work to tackle inequality through fair and consistent trade rules, improved debt relief mechanisms, and increased funding for climate actions and development,” the President said. 

The President emphasised that South Africa will aim to strengthen the commitment of all countries to the achievement of the Sustainable Development Goals by 2030.

“The G20 Presidency is also an opportunity to present to the world the great opportunities and experiences that South Africa has to offer,” he said. 

National Dialogue

Arising from the elections in May, President Ramaphosa said the Government of National Unity has been working with other formations in society towards the convening of a National Dialogue.

The National Dialogue will encourage the participation of all South Africans, as individuals and in their various formations.

The National Dialogue will need to address the persistence of poverty, unemployment and inequality. 

It will further seek to forge a new social compact on the action required by all members of society to achieve the vision of the National Development Plan. 

In closing, the President recalled the words of the country’s founding President Nelson Rolihlahla Mandela at the ‘Make Poverty History’ campaign in 2005.

He said: “Like slavery and apartheid, poverty is not natural. It is man-made and it can be overcome and eradicated by the actions of human beings.”

“There are moments when the depth of poverty in our country may lead us to despair. Poverty, unemployment and inequality are so pervasive and so persistent that we sometimes fear we may never overcome them. And yet, we overcame apartheid. We overcame slavery and colonialism.

“Through our collective actions, we will be able to end poverty in our country. Together, we will be able to achieve a more just, more equal society in which all South Africans share in the country’s wealth. A society in which no one is left behind,” the President said. – SAnews.gov.za

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Fri, 11/29/2024 - 13:06

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President Ramaphosa honours SA Athletes for Olympic and Paralympic excellence

Location: News

President Ramaphosa honours SA Athletes for Olympic and Paralympic excellence

President Cyril Ramaphosa has hailed the triumphs of South African athletes at the 2024 Paris Olympic and Paralympic Games at a celebratory ceremony held at the Union Buildings, in Tshwane. 

The event honoured the medalists and highlighted the transformative power of sport in uniting the nation.

“This is a moment of great pride for our nation. It is a moment to express our gratitude to those who have represented our nation with such distinction on the world’s greatest stage. Today, we are not just celebrating medals and the star athletes who won them,” the President said on Friday. 

The President emphasised that this is also a celebration of South Africa's spirit, the unifying power of sport, its ability to inspire, and its reminder of the strength when united as a nation. 

“We are celebrating the extraordinary resilience of our athletes, their unwavering determination and their incredible talent. We are celebrating the profound symbolism that sport holds in our society,” the President said. 

The President reflected on South Africa’s journey in international sport, from years of exclusion under apartheid, to reclaiming its place on the world stage during the 1992 Olympics. He noted that the country’s participation in the Games symbolises the pursuit of equality, justice, and national unity.

South Africa’s athletes returned from Paris with an impressive haul: six Olympic medals (one gold, three silver and two bronze), and six Paralympic medals (two gold and four bronze).

Key highlights of the ceremony today included the presentation of recognition awards to all medalists and the prestigious Shield of Jove to swimmer Tatjana Smith and Paralympic athlete Mpumelelo Mhlongo for their outstanding performances. 

This prestigious award was donated to the South African government in 1948 by Frederick Mitchell-Hedges, a British archaeologist involved in mining in South Africa.

It is a symbol of excellence, perseverance and dedication to the pursuit of sporting greatness.

“We are also honouring the athletes that achieved the most outstanding performances at the Olympic and Paralympic Games with the presentation of the Shield of Jove. 

“This year, we are proud to award the Shield of Jove to Tatjana Smith and Mpumelelo Mhlongo, in recognition of their exceptional achievements at the 2024 Paris Olympic and Paralympic Games,” the President said. 

He said these achievements are a testament to the investments the country has made in sports infrastructure and grassroots development. 

“However, we must do more to ensure that the next generation of South African athletes has even greater opportunities to succeed,” he said. 

The President emphasised the need for expanded youth development programmes, particularly in rural and underserved communities, and strengthened partnerships with schools and community centres.

“We must continue to invest in youth development, ensuring that children in every part of our country – whether urban or rural – have access to sports programmes. This means strengthening our partnerships with local schools, community centres and clubs.

“We must make sure that our youth are equipped with the skills, coaching and facilities they need to reach their full potential,” the President said. 

In addition to athletes, the President acknowledged the critical role of coaches, trainers, families and sponsors, including the National Lotteries Commission and corporate partners, in supporting Team SA’s success.

“We are a nation forged in struggle, in adversity and in hope. To the Olympic and Paralympic champions with us here today, we say thank you.

“We are a nation that stands united, proud and ready for the challenges of the future. Together, we will continue to build a legacy of sporting excellence. A legacy that will inspire many generations to come,” the President said. 

The event celebrated not only the athletes’ remarkable accomplishments but also the broader role of sport in fostering unity and national pride in South Africa. – SAnews.gov.za

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Fri, 11/29/2024 - 13:49

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SAPS recognises work of men and women in blue

Location: News

SAPS recognises work of men and women in blue

The South African Police Service (SAPS) is observing this year’s 16 Days of Activism for No Violence against Women and Children by highlighting the work of its men and women in blue, who work tirelessly to put behind bars those who abuse women, children and vulnerable groups.

Today, the SAPS introduces Sergeant Pule Morake (47), who is attached to the Wolmaransstad Family Violence, Child Protection and Sexual Offences Investigations (FCS) unit.

Morake, having joined the FCS unit in 2010, has secured 12 life terms and an additional 500 years in prison for rapists.

His recent career highlights include the sentencing of Johannes Ontsheketse Tshabile to 11 life terms and an additional 363 years in prison.

Tshabile targeted young girls and women in the small town of Wolmaraanstad in the North West.

He would cover his face with a balaclava and drag these young women into a nearby veld, rape and then rob them at knife point.

“As a detective assigned to his cases, I used investigative tactics to gather all evidence in order to present a watertight case to the High Court,” he said.

Tshabile was linked to these offences through DNA specimens.

Morake ensured that Tshabile was put behind bars for life after the High Court of South Africa, sitting at the Klerksdorp Regional Court on 21 February 2024, found him guilty on all 65 charges, ranging from rape and sexual assault, to assault and robbery with aggravating circumstances.

He was sentenced to 11 life terms and an additional  363 years imprisonment.

Morake is appealing to all victims of gender-based violence and community members to report crime to their nearest police station for investigations to commence immediately.

“I urge all victims of gender-based violence to speak up and not to be shy to report any incidents of gender based violence to the authorities. 

“Let’s work together to create a safer society for all. I have a passion to ensure that victims of sexual crimes find closure and justice in the court of law,” said Morake.

The 16 Days of Activism for No Violence Against Women and Children Campaign commenced on 25 November and will conclude on 10 December under the theme: “30 Years of Advancing Collective Action to End Violence Against Women and Children.” This year, the campaign emphasises prevention, economic empowerment, gender equity, positive masculinity, and accountability to address the root causes of gender-based violence and foster resilience within communities. – SAnews.gov.za

Edwin
Fri, 11/29/2024 - 13:09

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Brazilian drug mule arrested at OR Tambo International Airport

Location: News

Brazilian drug mule arrested at OR Tambo International Airport

A 44-year-old female Brazilian drug mule has been arrested at OR Tambo International Airport.

The drug trafficker was arrested after landing from Sao Paulo on Thursday.

She was intercepted by the South African Police Service (SAPS) intelligence and found with cocaine wrapped around her upper body.

She faces a charge of drug trafficking and will appear before the Kempton Park Magistrate's Court soon.

This is the second drug trafficker to be arrested with cocaine wrapped around their torso this week. 

On Sunday, another Brazilian male drug trafficker was arrested and found in possession of cocaine worth R1.8 million.

"OR Tambo International Airport police continue to sniff out drug traffickers as they land, sending out a strong message that SA is not a playground for drug peddlers," SAPS said in a statement. – SAnews.gov.za

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Fri, 11/29/2024 - 12:53

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South Africa and Nigeria to hold 11th Bi-National Commission

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South Africa and Nigeria to hold 11th Bi-National Commission

President Cyril Ramaphosa will on Tuesday co-chair the 11th Session of the Bi-National Commission (BNC) between South Africa and the Federal Republic of Nigeria, with President Bola Ahmed Tinubu, at Tuynhuys, Cape Town. 

South Africa and Nigeria are this year marking 30 years of diplomatic relations, established in February 1994. 

The BNC will be preceded by the Senior Officials' Meeting from 28 - 29 November 2024, and the Ministerial Meeting on 2 December 2024. 

In March 2016, during the State Visit by South Africa, the BNC was elevated to Presidential level. There has been a number of exchanges of high-level visits between the two countries, including the visit to Nigeria by President Ramaphosa to attend President Tinubu’s inauguration ceremony held in Abuja on 29 May 2023. 

In turn, President Tinubu attended the inauguration of President Ramaphosa in June 2024 and had an opportunity to exchange views.

“South Africa regards Nigeria as a strategic partner in the context of bilateral relations in the West Africa region, and the continent in pursuing the vision for Africa’s renewal, South-South cooperation, and in the promotion of a rules-based international system of governance. The two countries share a common vision on issues of political and economic integration of the African continent,” the Presidency said in a statement. 

There are currently 34 Agreements and Memoranda of Understanding between the two countries, which cover a wide range of fields including economic, technical, scientific, social and tourism, amongst others. 

The two countries share historical relations dating back to the struggles against colonialism and apartheid, during whic Nigeria supported the African National Congress and other liberation movements. Nigeria spearheaded various campaigns, calling for political and economic sanctions against the apartheid system. 

In December 1989, Nigeria championed the adoption of the landmark UN Declaration on Apartheid and its Destructive Consequences in South Africa. 

“The BNC is expected to further deepen the existing political relations between South Africa and Nigeria and celebrate thirty years of unbroken diplomatic relations between the two countries since 1994. 

“It will also provide an opportunity to explore new possible areas of economic, trade and investment cooperation,” the Presidency said. 

A business roundtable between South Africa and Nigeria will follow after the conclusion of the BNC on 3 December 2024. Nigeria accounts for approximately 64% of South Africa’s total trade with the West African Region. – SAnews.gov.za

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South African Travellers to Take More Holidays in 2025

Location: News
Marriott International, Inc.

  • Research among over 2,000 South African travellers reveals that more than six in 10 plan to take more holidays in 2025.
  • Bravecations and heritage holidays emerge as key travel trends for 2025.
  • Savvy spenders on the rise as travellers seek the best value for their trips.
  • AI usage in holiday planning skyrockets, alongside growing sustainability considerations.

The travel market is set to grow in 2025, according to Marriott Bonvoy's 2025 Ticket to Travel research (http://apo-opa.co/3AQaXQo) (www.Marriott.com). The study, conducted amongst 21,374 adults in 10 markets across Europe, Africa, and the Middle East (EMEA) and more than 2,000 travellers in South Africa, reveals that more than 60% of South Africans plan to take more holidays next year compared to 2024, with 18% maintaining their current travel frequency.

Surveyed South Africans are planning an average of 2.7 domestic holidays, two short-haul holidays (four-hour flight or less), and 1.8 long-haul holidays in 2025. This totals 6.5 holidays or trips, equating to more than one every two months. Among those planning holidays, the top travel destinations are South Africa (27%), USA (11%), Mozambique (10%), France (10%), and Mauritius (10%).

‘Bravecations' and ‘heritage holidays' arise as emerging trends

The research highlights several emerging travel trends. One notable trend is ‘bravecations,' where travellers are more adventurous on holiday, trying activities they wouldn't normally attempt at home. An impressive 85% of South African travellers say they are braver on holiday, the highest among all markets surveyed. This trend is particularly strong among younger travellers, with 87% of 18–24-year-olds and 91% of 25–34-year-olds expressing a willingness to try new and exciting things. Popular activities include climbing high structures (56%), participating in high-octane activities like zip-lining, skydiving or theme park rides (54%), and trying unusual foods (45%).

Another rising trend is ‘heritage holidays,' where travellers explore their family's heritage, history, or ancestry. Seventy-five percent of South Africans have taken or plan to take a heritage holiday soon. This trend is more prevalent among younger generations, with 77% of 18–24-year-olds and 88% of 25–34-year-olds having taken a heritage holiday or plan to, compared to just 42% of those aged 65 and above. Key motivations include the desire to understand where their family comes from and what their life was like (64%) and to see where their ancestors lived (53%).

Solidifying Trends

Sustainability and the use of AI in travel planning are set to become even more significant in 2025. Eight in ten travellers (80%) consider the environmental impact of their travel plans, higher than the EMEA average of 72%. Nearly eight in ten (79%) checked the sustainability of their accommodation on their last holiday, with 64% doing so before booking, far higher than the EMEA average of 30%.

The use of AI in travel planning is also growing rapidly. Nearly half (48%) of South African travellers have used AI to help plan or research a holiday, above the EMEA average of 41%. This trend is led by younger travellers, with 57% of 18–24-year-olds and 63% of 25–34-year-olds using AI in the past year, indicating its mainstream adoption among younger South Africans.

Travel Priorities for 2025

When it comes to choosing accommodation in 2025, the ‘brilliant basics' remain key priorities with cleanliness (97%), location (96%), and customer service (96%) being the most important factors.

South African travellers are family orientated, preferring to holiday with their family or partner's family and children (46%), above just their partner or spouse (36%), and friends (12%). Only five percent prefer to travel alone. Additionally, ‘spending time with friends and family' (63%) is the top priority for holidays, followed by ‘treating themselves' (54%). Over half (52%) say it is important they return feeling healthier than when they left, significantly higher than the EMEA average of 36%.

Savvy Spending

Despite planning more holidays, South Africans are keen on getting the best value for their money. The main factor that would encourage travellers to book a holiday is ‘getting a special price' (62%). Shoulder season breaks—taking vacations during the months surrounding peak season—are another popular way to make holidays more affordable. Seven in ten (70%) have or have considered doing this, with the main reason being to get better value (56%). More than half of South African travellers (46%) always consider exchange rates when planning holidays, but 14% say they ‘never usually do but will in 2025'.

Dorcas Dlamini Mbele, Area Commercial Director, Marriott International – Sub-Saharan Africa, says: “We're witnessing a profound shift towards valuing experiences over material possessions among South African travellers. Trends like bravecations and heritage holidays are at the forefront, reflecting a desire for meaningful and enriching journeys. The integration of AI in travel planning and a strong focus on sustainability further enhance this forward-thinking approach. It's an exciting era for the travel industry, and we're eager to support South Africans as they embark on new adventures and create lasting memories both locally and globally.”

Distributed by APO Group on behalf of Marriott International, Inc..

Note to Editors:
*Research conducted by Mortar amongst 21,374 adults in the UK, France, Spain, Italy, Germany, Kingdom of Saudi Arabia, UAE, Poland, South Africa, and Türkiye.

Click here (http://apo-opa.co/3AQaXQo) to download the report. 

For more information, please contact:
Birgit Deibele
Senior Director of Communications
Marriott International - Sub-Saharan Africa
Mobile: +27 (0)67 598 9162 
Email: Birgit.Deibele@marriott.com

About Marriott Bonvoy®:
Marriott Bonvoy, Marriott International's award-winning travel programme and marketplace, gives members access to transformative, eye-opening experiences around the corner and across the globe. Marriott Bonvoy's portfolio of 31 extraordinary brands offers renowned hospitality in the most memorable destinations in the world. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. With the Marriott Bonvoy app, members enjoy a level of personalisation and contactless experience that allows them to travel with peace of mind. To enrol for free or for more information about Marriott Bonvoy, visit MarriottBonvoy.com. To download the Marriott app, go here (http://apo-opa.co/417JjsA). Travelers can also connect with Marriott Bonvoy on Facebook (http://apo-opa.co/4149kcr), Twitter (http://apo-opa.co/49aQAda), Instagram (http://apo-opa.co/4149lx1) and TikTok (http://apo-opa.co/4149mkz).

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HSRC survey results show signs of recovery for research and development spending in SA

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HSRC survey results show signs of recovery for research and development spending in SA

Gross domestic expenditure on research and development (R&D) grew to R28.282 billion in real terms for the 2022/23 fiscal year, marking a 2.1% increase from R27.712 billion in 2021/22.

This is according to the results of the South African R&D Survey for the period 2022/23.

The proportion of R&D expenditure to Gross Domestic Product (GDP) was unchanged at 0.61%. 

“South Africa’s economy grew at a comparable 1.9% in 2022, so this is why the ratio of R&D to GDP, a measure of the research intensity of the South African economy, is static,” said the HSRC’s Dr Nazeem Mustapha, who led the research. 

“But we are seeing improvements in business R&D expenditure, which should be encouraging for policymakers and investors.” 

The survey report, prepared by the HSRC’s Centre for Science, Technology and Innovation Indicators (CeSTII), updates key national longitudinal data on R&D expenditure and personnel. 

Business  

The business sector increased its R&D expenditure in 2022/23 by almost R1 billion (R950 million), from R13.527 billion in 2021/22 to R14.507 billion in 2022/23. 

This is attributed to higher R&D spending in manufacturing and mining, according to the survey’s statistical report, which disaggregates spending data by standard industrial classification. 

Nominal expenditure increased in all institutional sectors covered by the survey, including the government, higher education institutions, non-profit organisations, and science councils. 

The key funders of R&D in South Africa in 2022/23 were the government (R20.664 billion), businesses (R11.754 billion), and foreign sources (R7.060 billion). 

The country’s headcount of researchers fell from 63 122 in 2021/22 to 61 457 in 2022/23. 

The proportion of female researchers to total researchers increased marginally from 47% in 2021/22 to 47.6% in 2022/23. 

The South African R&D Survey is conducted annually. 

“Survey data provide a key signal to policy actors about where the strengths and weaknesses are in the South African national system of innovation,” said CeSTII’s Executive Head, Dr Glenda Kruss. 

“A positive about the results is that we are starting to see a reversal of the drop in R&D spending that we observed in 2019/20, even before the effects of the COVID-19 pandemic on R&D performers were reported.” – SAnews.gov.za

 

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Fri, 11/29/2024 - 10:51

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Committee Welcomes Preliminary Investigation Report on SRD Grant System Weaknesses

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Republic of South Africa: The Parliament
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The Portfolio Committee on Social Development welcomes the preliminary investigation report confirming the validity of the findings about the vulnerability assessment and penetration testing challenges on the South African Social Security Agency's (SASSA) Social Relief of Distress (SRD) grant application and payment system.

The system assessment revealed several vulnerabilities, including potential issues with authentication mechanisms, server configurations, data encryption, and missing security headers. These vulnerabilities allow attackers to exploit weak points in the system.

These vulnerabilities could compromise the system's security and functionality. The impact of the issues identified poses significant risks, including unauthorised access to sensitive information, system disruption, and potential non-compliance with data protection laws. These vulnerabilities also expose SASSA to reputational damage and loss of public trust.

The preliminary investigation report recommended that SASSA implement targeted security improvements to mitigate further risks. These include adopting multi-factor authentication, enhancing verification protocols, expanding biometric checks, and enforcing end-to-end encryption for sensitive data. These measures will reduce the likelihood of fraudulent activities and ensure the secure handling of beneficiary information, further safeguarding the integrity of the SRD system.

The committee believes that implementing the report's recommendations and deepening the investigation will determine how much money could have been lost due to fraudulent activities, identify theft in the system, identify the culprits involved, and subsequent consequence management should follow.

The committee appreciates the undertaking by the Minister of Social Development, Ms Sisisi Tolashe, who committed to involve law enforcement and government agencies such as the Special Investigating Unit and the State Security Agency. Her undertaking shows that she takes this matter as seriously as the committee.

Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

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Higher Education Stakeholders Ready for 2025 Academic Year

Location: News

Republic of South Africa: The Parliament
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The Portfolio Committee on Higher Education said yesterday that universities should prioritise submitting accurate student registration and enrolment data to the National Student Financial Aid Scheme (NSFAS) at the beginning of the academic year to ensure accurate funding decisions.

The committee was speaking during a briefing from the Department of Higher Education and Training, Universities South Africa, the South African Public Colleges Organisation, NSFAS, the South African Union of Students and the South African Technical and Vocational Education and Training Students Association on preparations and readiness for the 2025 academic year.

The committee recommended that issues emanating from the 2024 registration period should not continue in 2025. These issues included delays in processing applications for funding, disbursements of allowances, processing of appeals and matters related to private accommodation.

The chairperson of the committee, Mr Tebogo Letsie, said, “After our engagements, we are hopeful that measures put in place to ensure a successful start to the 2025 academic year have been properly set in motion by stakeholders in the post-school education and training sector.

NSFAS told the committee that it has ended the pilot project and is now implementing the NSFAS Accredited Student Accommodation Programme. NSFAS also said it is in consultations to discontinue accommodation disbursements to individual students and by 2026 all accommodation disbursements will be directed to the accredited or recognised accommodation provider.

The committee recommended that the Department of Higher Education and Training should expedite the process of standardising allowances for technical and vocational education and training (TVET) and university students, recognising their shared experiences.

The committee will undertake oversight visits to assess the state of readiness of TVETs and community education and training colleges during the 2025 academic year.

Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

Read moreHigher Education Stakeholders Ready for 2025 Academic Year

President Ramaphosa to launch South Africa’s G20 Presidency

Location: News

President Ramaphosa to launch South Africa's G20 Presidency

President Cyril Ramaphosa will on Monday brief the media on South Africa’s Group of Twenty (G20) Presidency at the Media Centre, Union Buildings, in Tshwane. 

President Ramaphosa officially accepted South Africa’s responsibility for the G20 Presidency for 2025 during the recent G20 Rio Leaders’ Summit in Brazil. 

This will be the first time an African economy leads the G20 for a rotational, one-year term.

Brazil held the G20 Presidency during 2024, and South Africa will at the end of its term hand over the G20 Presidency to the United States of America.

The G20 is a forum of the largest economies in the world, who meet regularly to discuss the most pressing issues facing the global economy.

Representing nearly 60% of the global population, 80% of global gross domestic product (GDP), and 75% of global exports, the G20 stands as a vital platform for international economic cooperation and sustainable development. 

“Under its G20 Presidency, South Africa seeks to provide strategic direction in establishing a more equitable, representative and fit-for-purpose international order, in-line with the main multilateral processes under the United Nations,” the Presidency said in a statement. 

The G20 is expected to have significant economic benefits for South Africa, notably for the tourism, transport, restaurant, entertainment and hospitality industries, with global visibility in all nine provinces. 

South Africa will host approximately 130 meetings (both virtual and in-person) from 1 December 2024 - 30 November 2025, across the country, and on the margins of major international conferences and meetings. – SAnews.gov.za 

DikelediM
Thu, 11/28/2024 - 11:00

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SRD Grant system remains intact – Minister Tolashe

Location: News

SRD Grant system remains intact – Minister Tolashe

Social Development Minister Sisisi Tolashe has reassured social grant recipients that the grant system's integrity remains intact, supported by various control measures and enhanced security. 

The Minister was briefing the media on Wednesday on the outcomes of the independent investigation into the COVID-19 Social Relief of Distress Grant (SRD grant) in Cape Town. 

“We assure our clients that the integrity of our system remains intact, with various control measures and enhanced security in place to ensure efficient service delivery. 

“SASSA will continue to invest in its systems to enhance support and positively impact the lives of our clients. We strive to balance security and improvement with client interaction, accessibility,” she said. 

This comes after two first-year students from Stellenbosch University raised the alarm over vulnerabilities in the South African Social Security Agency’s (SASSA) application systems, sparking a parliamentary investigation. 

Their allegations, shared on various media platforms and during a presentation to the Portfolio Committee on 23 October 2024, questioned the integrity and security of SASSA’s digital grant platforms.

The two students found that fraudsters were using unsuspecting citizens' identity numbers to apply for the SRD grant and received the funds in bank accounts using the same ID numbers. This potentially eliminated deserving people from accessing government relief.

In response to the allegations, Parliament recommended a comprehensive investigation of the Social Relief of Distress Grant system and all other grant systems administered by SASSA.

Parliament’s directive reflected concerns over the integrity and security of SASSA’s digital systems across various grant types, including but not limited to Child Support, Disability, Old Age Pension, and Foster Child grants. 

As a result, the Minister of Social Development committed to a thorough review of its entire grant infrastructure, focusing on identifying and mitigating potential vulnerabilities, ensuring the security of beneficiary data, and safeguarding public resources. 

The Minister told the media that key findings in the investigation revealed that there were several medium vulnerabilities identified. 

“As technology evolves rapidly, it is crucial for any organisation to stay abreast of advancements, continuously monitor risks, and adapt to ensure not only compliance but also excellence in using technology to drive and implement new solutions. 

“We strive to balance the need for security with the equally important need for client accessibility, ease of use, and service excellence,” she said.

The Minister acknowledged that technological advancements brought risks such as cyber threats and vulnerabilities. The SRD program, like many others in South Africa's retail and banking sectors, has faced challenges like identity theft. 

Since 2023, Tolashe noted that SASSA has intensified its efforts against fraud, working closely with law enforcement agencies. 

“We have introduced facial biometrics through our electronic Know Your Client program and strengthened relationships with other government entities and the banking industry. 

“Our 'Know Your Grant Status' programme helps individuals determine if identity theft has occurred in the SRD environment. Our staff is committed and currently performing outreach programmes over weekends to assist our clients in addressing and swiftly resolving these issues,” she said.

The Minister acknowledged the audit report and the work done to assist department in its oversight role and SASSA in strengthening its systems. 

She emphasised that SASSA management was currently reviewing the report, which aligns with the findings of the penetration tests and vulnerability scans. 

“We will meet with the auditors to discuss the report and provide a comprehensive response. SASSA will continue to support the auditors in completing their work,” she said. 

The Minister highlighted that the COVID-19 pandemic presented unprecedented challenges, particularly for SASSA who had to implement the SRD grant. 

“We had to adopt a unique approach since potential applicants were not part of any existing government grant support programs, and COVID-19 regulations restricted physical interactions. 

“Despite these hurdles, we successfully implemented an online program and disbursed the first grant on 15 May 2020, reaching 6 million new clients in record time,” Tolashe said. – SAnews.gov.za

 

DikelediM
Wed, 11/27/2024 - 16:26

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AHIF Heads to Cape Town for the First Time for its 13th Edition

Location: News
The Bench

The Africa Hospitality Investment Forum (AHIF), Africa's premier conference for tourism and hospitality investment, is gearing up for its 2025 edition in Cape Town. Taking place from 17 to 19 June at The Westin Cape Town, AHIF 2025 will introduce an innovative, dynamic format aimed at fostering new partnerships and facilitating deals within Africa's rapidly expanding hospitality sector - one of the world's fastest-growing markets.

Cape Town, known for its stunning landscapes and vibrant visitor economy, provides the perfect backdrop for AHIF's annual gathering. Moreover, the South African hospitality industry is projected to grow from USD 1.36 billion in 2024 to USD 1.68 billion by 2029, driven by increasing traveller numbers and a resurgence post-COVID-19. 

Matthew Weihs, Managing Director of The Bench, the organiser of AHIF, commented: “We are excited to bring AHIF to Cape Town, a city that embodies the energy and potential of African hospitality. This year's event will offer invaluable opportunities for delegates to connect with top decision-makers, explore new partnerships, and gain insights from industry leaders. AHIF is where the future of African hospitality is shaped. By offering delegates the chance to explore Cape Town, we are adding a unique layer of value to their participation. The connections made and the insights gained from these hands-on experiences will be invaluable as we work together to drive investment and development across Africa.”

The new format, which is focused on networking and tailored insights, has been carefully designed to go beyond the conference rooms, introducing country pavilions from across Africa to showcase the latest opportunities in the region to investors. The advantages of the new format include personalised itineraries, hands-on workshops, roundtables, enhanced networking, and insights on economic trends. Focused on C-level hospitality and tourism investment decision-makers, AHIF continues to be exclusively focused on those who are shaping the future of hospitality in Africa.

Daniel Silke, political economist, emphasised the potential impact of AHIF: “The Africa Hospitality Investment Forum is taken seriously as an industry-leading event globally. It addresses one of the most intriguing and exciting markets, Africa, where growth rates remain high, and demographic shifts, urbanisation, and an increase in air connectivity are driving substantial interest from hotel groups. AHIF stands out not just for the expert speakers and deep insights, but also for fostering personal connections that are invaluable in this dynamic industry.”

With opportunities growing at an unprecedented rate, AHIF is more than a meeting; it's a catalyst for action, insight, and strategic partnerships that are shaping the continent's hospitality future.

For more information, visit www.AHIF.com

Distributed by APO Group on behalf of The Bench.

Further Information:
For further information and high-resolution images, please contact:
David Tarsh
+44 (0) 20 7602 5262
+44 (0) 7770 816 070
email: David@Tarsh.com.

About The Bench:
The Bench has established a legacy for delivering world-leading investment forums and conferences in Europe, Africa, the Middle East, and Latin America. The key principle behind these platforms has remained "dealmaking'. Transforming the way businesses connect, Bench has developed a reputation for creating innovative and high-impact meeting spaces for the industry.

For over two decades - government leaders, tourism ministries, global travel & tourism associations, the world's most influential hospitality brands, hotel owners & investors, renowned restaurant groups, airlines & aviation authorities, destination developers, asset managers, financial groups and consultants – have been participating in The Bench's events for their respective objectives. These include AHIF, FHS World, FHS Saudi Arabia and AviaDev – where industry players showcase their brands, position themselves as thought leaders or innovators, and connect with the right opportunities and knowledge.

Learn more on TheBench.com

Strategic Partners:
Accor, Hilton, Radisson Hotel Group

Sponsors:
Aleph Hospitality, Knight Frank

Silver Sponsor:
Time Hotels

Supported By:
South Africa Tourism

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Ambassador Wu Peng Meets with South African Minister of Sports, Arts and Culture Gayton Mckenzie

Location: News

Embassy of the People's Republic of China in the Republic of South Africa
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On the morning of November 25, Chinese Ambassador to South Africa Wu Peng met with South African Minister of Sports, Arts, and Culture Gayton Mckenzie at Freedom Park in Pretoria. The meeting was also attended by the Minister's Chief of Staff, Ms Bakang Lethoko, and the Director of Bilateral Affairs at the Department of Sport, Arts, and Culture, Mr John Mogashoa.

Ambassador Wu congratulated Gayton Mckenzie on his appointment as Minister of Sports, Arts, and Culture. He noted that there is significant potential for future cooperation between China and South Africa in the fields of sports, arts, and culture. Wu expressed China's willingness to work with South Africa to further explore opportunities, deepen collaboration in these areas, and achieve more fruitful results that benefit the people of both countries.

Minister Mckenzie expressed his willingness to strengthen cooperation with China, further advancing the implementation of projects in the fields of sports, arts, and culture. The Department of Sports, Arts, and Culture highly values its friendly relationship with China and hopes that through joint efforts, the two countries can explore new models of collaboration in various fields, bringing more tangible benefits to their people.

Distributed by APO Group on behalf of Embassy of the People's Republic of China in the Republic of South Africa.

Read moreAmbassador Wu Peng Meets with South African Minister of Sports, Arts and Culture Gayton Mckenzie

Vistajet Commits to Powering Trade and Investments in East and South Africa

Location: Business
VistaJet

VistaJet (www.VistaJet.com/), the world's first and only global business aviation company, has reaffirmed its long-standing commitment to connecting the international investor community with markets in East and South Africa. This commitment was highlighted during its VistaJet East and South Africa Static Display Roadshow. Given their status as leading centers for economic development and innovation, Cape Town, Johannesburg, and Nairobi were selected as the host cities for the end-of-year Static Display Roadshow in the region.

After a successful inaugural roadshow in West Africa during the second quarter of 2024, VistaJet continued to expand the company's offering focused on Africa. VistaJet has significantly enhanced its offerings in Africa, achieving a remarkable 103% increase in New Program Hours Sold and a 29% rise in total hours flown across the continent in the first half of 2024.

Commenting on VistaJet's commitment to business in Africa, Phillippe Scalabrini, VistaJet's President of Europe and Africa, said: “Building on VistaJet's substantial growth in the region, the East and South Africa Roadshow is a vital part of our strategy to serve as a logistics and aviation partner that supports the success of the African Continental Free Trade Agreement. VistaJet is dedicated to playing a crucial role in connecting global funding to these regions' economic and entrepreneurial opportunities, as Africa offers significant growth potential for international ventures. We showcased our Global 7500 aircraft to link these regions with the rest of the world and facilitate unlocking this growth potential, to support the region's economic development further.”

VistaJet provided a valuable opportunity to connect with key media representatives and private stakeholders during the roadshow. The company reaffirmed its offerings during these events and showcased the Global 7500 aircraft.  This aircraft is designed to provide up to 17 hours of non-stop global connectivity, effectively linking Africa with the rest of the world. VistaJet is dedicated to meet the growing demand for reliable and efficient business aviation in Africa.

Distributed by APO Group on behalf of VistaJet.

More Images: https://apo-opa.co/498qdEI

About VistaJet: 
VistaJet (https://VistaJet.com) is part of Vista (https://Vistaglobal.com/) — the world's leading global business aviation company. Innovating the industry for over 20 years, Vista's mission is to provide the most advanced flying services at the very best value, anytime, anywhere around the world.

VistaJet has flown corporations, governments and private clients to over 200 countries and territories on the Vista Members' fleet of iconic silver and red business jets, which includes the largest fleet of Global 7500s. Offering the best aircraft in each cabin class, clients can choose the most efficient option for every trip.

With a dedicated Client Services and Cabin team available 24/7, clients enjoy a fully personalized flight with seamless continuity from the ground to the air. Every VistaJet flight has at least one Cabin Host as well as two pilots in the flight deck to provide optimal safety and comfort on board.

VistaJet Program Members have guaranteed access to the Vista Members' fleet while paying only for the hours they fly — a smart alternative to ownership and fractional flying.

More VistaJet information and news at www.VistaJet.com

VistaJet Limited is a European air carrier that operates 9H registered aircraft under its Maltese Air Operator Certificate No. MT-17. VistaJet US Inc. is an air charter broker that does not operate aircraft. VistaJet-owned and U.S.-registered aircraft are operated by properly licensed U.S. direct air carriers, including XOJET Aviation LLC (DBA Vista America), JetSelect LLC (DBA Vista America), Western Air Charter Inc (DBA Vista America), and Red Wing Aeroplane LLC (DBA Vista America).

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Help desks ensure priority attention for GBV cases

Location: News

Help desks ensure priority attention for GBV cases

The South African Police Service (SAPS) has Gender-Based Violence Desks at every police station to ensure such cases receive priority attention and are speedily attended and responded to.

This is according to a statement by the police as the country marks the 16 Days of Activism Against Gender-Based Violence (GBV) campaign.

There are currently 1 161 designated Victim Friendly Rooms (VFRs) at police facilities which include police stations, contact points, satellite police stations, two international airports and at Family Violence Child Protection and Sexual Offences Units.

“The VFR is a dedicated room within a police station to provide a space for victims of intimate violence (gender-based violence, child abuse, sexual offences and domestic violence) to ensure their statements are taken in private within a non-threatening environment,” said the police.

This year marks the 26th anniversary of South Africa’s participation in the 16 Days of Activism for No Violence against Women and Children campaign, was launched on 25 November 2024 in Rustenburg, in the North West.

This supports the global campaign which runs from 25 November (International Day for the Elimination of Violence against Women) to 10 December (International Human Rights Day).

President Cyril Ramaphosa has identified GBV as a “silent pandemic” that erodes the country’s social fabric and hinders progress. He has called on society to confront patriarchal power structures that perpetuate violence and inequality. 

Parliament echoes this call, emphasising the need for men to participate in the fight against GBV actively and to challenge harmful norms and behaviours.

As custodians of the rights and well-being of all South Africans, Parliament said it would intensify its oversight to ensure that the relevant departments and regulatory bodies enforce food safety standards and take decisive action against those who endanger public health. 

Government’s efforts towards creating safer spaces for women and children are also evident through the expansion of Thuthuzela and Khuseleka Care Centres. These centres provide a place of refuge for those who have endured GBVF and serve as an access point for support and counselling. 

These and other initiatives are aimed at encouraging men to tackle GBVF head-on. – SAnews.gov.za

 

Edwin
Wed, 11/27/2024 - 11:42

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Connecting Stories With a Golden Thread at the Joburg Film Festival

Location: News
MultiChoice Group

The Joburg Film Festival (JFF) in partnership with the MultiChoice Group (www.MultiChoice.com) is proud to announce the theme for the highly anticipated seventh edition of the festival - ‘The Golden Thread – Connected Through Stories'. Set to take place from 11 – 16 March 2025, the festival will explore the profound interconnectedness of our shared human experiences and the timeless value of storytelling.

Guided by the festival's tagline, ‘Our Stories. Our Gold', JFF continues to embrace Joburg's identity as the “City of Gold”, with stories serving as the most precious treasures that illuminate our lives and reflect the collective wisdom of our diverse global communities.

Audiences are invited to explore the essence of connection as we celebrate ‘The Golden Thread'—an elegant reminder of the ties that bind us all, a recurring symbol that represents universal themes, emotions and truths found within the world's most compelling stories.

"We are pleased to present ‘The Golden Thread' as our theme for the next edition of the festival,” says JFF Founder Tim Mangwedi. “It represents the unbreakable link that storytelling forms between individuals, communities and cultures. Through our carefully curated selection of films, we aim to show how stories, much like threads, interlace to create a larger tapestry of shared human experience. This is a celebration of connectivity, of learning from one another, and of recognising the meaningful impact our stories can have on the world.”

The seventh edition will once again bring together filmmakers, industry professionals and audiences from across the globe to share their experiences and forge connections through the universal language of cinema. JFF remains committed to promoting diversity, inclusivity and the celebration of universal human stories.

The festival will feature over 60 local, African and international curated titles, including fiction and documentary feature-length films and shorts), with several notable world premieres already confirmed. A snippet of what's in store for film, art and culture lovers.

Starting here at home with Sebata, a gripping dark South African detective thriller directed by Norman Maake and Timmy the Kid, a rural-urban comedy from director Gray Hofmeyr, that boasts a star-studded local cast.

The Man Died is a powerful adaptation of Nobel Laureate Wole Soyinka's harrowing prison memoir directed by Awam Amkpa. Set against the backdrop of Nigeria's civil war, the feature narrates a tale of resistance, courage and the indomitable human spirit.

Directed by Lebanese national Mahdi Fleifel, To a Land Unknown follows two Palestinian cousin friends as they strive to escape their desolate environment before it's too late and is shot across five countries.

Under the Volcano, directed by multi award-winning author Damian Kocur, depicts the story of a Ukrainian stranded in Tenerife, Spain, after a vacation, as they learn of Russia's invasion of Ukraine.

Haitian born, Paris based director Rauol Peck, chronicles the life of Enerst Cole's journey as the first black freelance photographer in apartheid SA. 

Ernest Cole: Lost and Found illustrates Cole's career, peerless artistry, political strength and a moving end.

"The seventh edition will once again bring together filmmakers, industry professionals, and audiences from across the globe to share their experiences and forge connections through the universal language of cinema. JFF remains committed to promoting diversity, inclusivity, and the celebration of universal human stories. The Joburg Film Festival is a celebration of the stories that bring us together, reflecting our shared humanity and the unique perspectives that make us who we are. At MultiChoice, we are proud to partner with the festival to spotlight the richness of African storytelling, highlighting its power to connect, inspire, and transform. Through ‘The Golden Thread – Connected Through Stories,' we embrace the idea that stories are our greatest treasures, weaving communities and cultures together with purpose and passion" says Nomsa Philiso, CEO of General Entertainment, MultiChoice.

In addition to the film programme, the festival will feature a robust industry programme in Joburg Xchange (JBX), incorporating JBX Business (market), JBX Talks and JBX Youth.

JBX BUSINESS

The JBX Market has experienced remarkable growth since 2022, with 165 participants currently registered making it the fastest-growing pillar of the film festival. The market attracts a diverse range of attendees, including exhibitors, producers, content creators, festivals, buyers and investors.

Early registration is still open for interested participants via the JFF website.

JBX TALKS - Made in Joburg for Africa and the World

JBX Talks at JFF 2025 celebrate the unifying power of storytelling and the thriving film industry in Johannesburg, which resonates across Africa and the globe. We position Johannesburg as a vibrant nexus of African narratives that transcend borders and captivate international audiences.

The three-day industry programme offers dynamic panels, in-conversations, masterclasses, workshops and networking events. Participants may expand their reach, refine their craft, and unlock new opportunities that elevate African film and television on the world stage. 

Festival badges which provide access to JBX go on sale with an Early Bird discounted price from Tuesday, 3rd December.

JBX YOUTH

JBX Youth is a new addition to the industry programme, running parallel to JBX Talks and JBX Business. It builds on the festival's anchor pillar focussed on the youth, the Youth & Audience Development Programme that is targeted at aspiring and up and coming content creators and filmmakers.

This 3-day programme will cover a range of topics and issues with the aim of developing, skill, empowering and nurturing the next generation of filmmakers to ensure the long-term growth, sustainability and viability of the industry.

YOUTH & AUDIENCE DEVELOPMENT PROGRAMME

This initiative focuses on emerging talent and aspiring filmmakers aged 18 – 35 with the aim of equipping them with the tools they need to succeed in the film and television industry.

The Programme will launch at the Kagiso Archives Centre in February 2025, with an intense two-day workshop, offering a range of activities including film screenings, director Q&As, skills-building practicals, filmmaker forums and mentorship opportunities within the community. The programme will conclude at JFF, with the JBX Youth initiative, providing youth filmmakers with further exposure to the tools and resources they need to advance their skills and careers.

The annual Young Voices Competition which forms part of the programme which celebrates the creative talents of young filmmakers in South Africa makes its return. Under the theme ‘The Power of Sports in Film', submissions officially open on Tuesday 3rd December and entries will be accepted until mid-February 2025.

We believe that sports is a universal language, allowing everyone to participate at any level, whether competitively or just for the love of the game. The winner will be announced at the Golden Thread Gala awards ceremony in March 2025, with their film later showcased at the JFF Film Society later in the year.

Mark your calendars for 11 – 16 March 2025 and be part of the 7th edition of the Joburg Film Festival. For more information on programming, tickets and how to get involved, please visit our website at www.JoburgFilmFestival.co.za or follow us on social media for the latest updates.

Together, we create, share, and celebrate the stories that connect us all...
 

Distributed by APO Group on behalf of MultiChoice Group.

Check out Joburg Film Festival the various online platforms:
Website: www.JoburgFilmFestival.co.za
Facebook: http://apo-opa.co/3CKyrqy
Twitter: http://apo-opa.co/4eXhJSo
Instagram: http://apo-opa.co/4i9aDNd
LinkedIn: http://apo-opa.co/4i7WXBZ
TikTok: http://apo-opa.co/4fLRr6v
The hashtags for the festival are #JoburgFilmFestival #JFF2025

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Low Credit Ratings for African Countries See High Borrowing Costs and Liquidity Challenges

Location: News

United Nations Economic Commission for Africa (ECA)
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Low credit ratings for African countries are leading to high borrowing costs and liquidity challenges. This is according to panellists at a plenary session on harnessing sovereign credit ratings power for Africa's economic transformation, organised by the Economic Commission for Africa at the 2024 African Economic Conference (AEC) in Gaborone, Botswana.

Zuzana Schwidrowski, Director of the ECA's Macroeconomic, Finance and Governance Division at the ECA said low credit ratings contribute to high borrowing costs and more broadly to a vicious spiral of liquidity challenges as well as debt accumulation for African countries. Despite the overall challenges in credit ratings, she emphasized some positive developments and turnarounds in selected credit ratingtrajectories of African sovereigns, such as Moody's upgrade of Tanzania or S&Ps positive outlook on South Africa. However, the overall double-digit inflation prevents African Central Banks to reduce policy rates, which is another factor behind high borrowing costs and overall subdued growth, especially among resource (and fuel)-intensive exporters. 

In her presentation on credit ratings in Africa, Sonia Essobmadje, Chief of ECA's Innovative Finance and Capital Markets Section, said, “Improving Africa's fundamentals and implementing a structural reform program would certainly over time contribute to better ratings, but more importantly to sustainable, inclusive growth and the well-being of the population. The development of African national and regional financial markets should be a priority, as this would reduce excessive dependence on external debt and improve the transmission of monetary policy.”

Misheck Mutize, Lead Expect on Credit Ratings, African Union cautioned that excessive reliance on credit ratings can amplify market instability and lead to pro-cyclicality. Interestingly, it is a rule under the EU Regulation 1060 of 2009, adopted following the crisis, that sovereign credit ratings should only be published on a Friday after close of business to avoid market disruptions and overreactions as well as reduce asymmetric information, as different markets are open at different times. This practice gives the investors a chance to digest the information and undertake their own analysis over the weekend.”

For his part, Marcus Courage, CEO of Africa Practice, said recent analysis and data collected by Africa Practice and Africa No Filter indicates that stereotypical media narratives about Africa are costing African nations $4.2 billion a year in inflated interest on sovereign debt due to poor international media coverage, often underpinned by conflict and war.

Daniel Cash, a non-resident Fellow at UNU-CPR, said, “To overcome the current 'credit rating impasse', large-scale architectural reform is needed. African countries need support and investment from partners to inject knowledge, skills, and nuance into their capacity to navigate the credit rating process. 

“Now is the time for partners to come together and offer a unified service to African Countries, and the rest of the Global South, so that the new environment that surrounds them need not be so punitive and regressive,” he added.

Distributed by APO Group on behalf of United Nations Economic Commission for Africa (ECA).

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