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inDrive’s Unstoppable Growth Across Africa

Location: Business
inDrive

inDrive (www.inDrive.com), the ride-hailing app known for its transparent and fair pricing model, has secured its position as the second most downloaded app in its category globally, and it continues to make waves in Africa, where it ranks as the third-largest ride-hailing service in South Africa, second in Nigeria, and number one in Zimbabwe and Botswana and North African countries.

inDrive's success story in Africa reflects its remarkable growth trajectory, driven by its unique approach to mobility. With an innovative, peer-to-peer pricing model and a mission to challenge the traditional fare structures in the ride-hailing industry, inDrive is setting new standards in customer-centric mobility.

The inDrive Advantage: Why It's the Most Downloaded Ride-Hailing App

What sets inDrive apart is its unwavering commitment to creating an ecosystem that benefits both riders and drivers. Unlike other ride-hailing platforms, inDrive empowers users by allowing them to negotiate the fare before confirming the ride, giving both drivers and passengers the freedom to agree on a price that works for them. This model fosters trust, increases satisfaction, and has contributed to record-breaking app downloads in 2025.

InDrive's approach goes beyond just competitive pricing; it has built an environment where driver welfare is prioritized. The company operates with the lowest commission structure in the market, enabling drivers to keep more of what they earn, which in turn has fostered strong loyalty from local drivers across Africa.

Record Growth in Africa: inDrive's Expanding Footprint

  • South Africa: Ranked as the third-largest ride-hailing app in the country, inDrive's innovative model has gained a dedicated user base. Its growth has been accelerated by its focus on affordability, transparency, and safety, catering to the needs of both urban commuters and those in smaller towns. As competition intensifies, inDrive is proving that a user-focused approach is the key to long-term success.
  • Nigeria: Holding the second spot in the market, inDrive's rapid expansion has been fueled by its distinctive no-commission fare model in most cities, creating better earning opportunities for drivers while providing affordable rides for passengers. Nigeria's diverse population and urban landscape have proven to be a strong foundation for inDrive's sustained success.
  • Zimbabwe & Botswana: inDrive's number-one ranking in both countries is a testament to its ability to create localized solutions tailored to meet the unique challenges of each market. By providing access to its services where traditional public transport falls short, inDrive bridges crucial mobility gaps, ensuring more people can commute conveniently. With a strong focus on job creation, affordable transportation, and social impact, inDrive has quickly become the go-to ride-hailing app for millions.

Why Africa Chooses inDrive

inDrive's approach is rooted in equity and inclusivity. The app's growth in Africa is not just a result of its innovative pricing structure, but also its deep understanding of the diverse needs of African consumers and drivers. As the most downloaded ride-hailing app globally, inDrive's popularity is fueled by its customer-centric model, empowered drivers, and fair pricing system.

By offering a solution that works for everyone, inDrive is reshaping the future of mobility across the African continent. Whether it's ensuring driver safety, fair compensation, or increased access to affordable transportation, inDrive is positioning itself as the most reliable, convenient, and transparent ride-hailing option in Africa.

Distributed by APO Group on behalf of inDrive.

Press Contact:
Public Relations Manager - inDrive Africa
Lineo Thakhisi
Phone: +2781 3636 872
Email: lineo.thakhisi@indriver.com

About inDrive:
inDrive is a global mobility and urban services platform. The inDrive app has been downloaded over 240 million times, and was the second most downloaded mobility app in 2022 and 2023. In addition to ride-hailing, inDrive provides an expanding list of urban services, including intercity transportation and delivery. In 2023, inDrive launched New Ventures, a venture and M&A arm.

inDrive operates in 888 cities in 48 countries. Driven by its mission of challenging social injustice, the company is committed to having a positive impact on the lives of one billion people by 2030. It pursues this goal both through its core business, which supports local communities via a fair pricing model; and through the work of inVision, its non-profit arm. inVision's community empowerment programs help to advance education, sports, arts and sciences, gender equality and other vital initiatives.

For more information visit www.inDrive.com

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SA positioned to navigate challenging geopolitical situation – WEF President

Location: News

SA positioned to navigate challenging geopolitical situation – WEF President

Amidst a fragmented geopolitical landscape, the President and CEO of the World Economic Forum, Børge Brende, has expressed support for South Africa’s Group 20 (G20) Presidency.

“In such a polarised, fragmented world as [the] backdrop of this G20 leadership, I think South Africa is especially well positioned to handle this very complicated geopolitical situation,” Brende said on Tuesday.

Brende was addressing the Business 20 (B20) -- the official dialogue forum for domestic and international business communities.

In his address, he stated that South Africa has extensive experience in managing competition and its history.

“It’s not an easy G20 to take on but that’s a reality with the geopolitical backdrop that [it] is happening against,” Brende said.

He said the current geopolitical situation is a priority for everyone, making the global business voice more crucial than ever.

“The last weeks have shown us we have to fasten our seat belts and even getting people that don’t agree [with us] in the same room is not almost an achievement. I saw that in Davos this year when people don’t agree [with you] they don’t want to even discuss [matters]. But to break impasses at least, you must start with the dialogue and sit in the same room and say, ‘this is important to me’.

“Sherpas can then try to find some solutions, because the solutions are so incredibly important…,” he said.

With South Africa set to host the G20 Leaders' Summit later this year, Cape Town hosted the two-day B20, which began on Monday.

Western Cape Premier Alan Winde previously said  that the province and Cape Town look forward to welcoming the world once again.

READ | Cape Town to host B20 meeting 

The gathering focused on the theme “Inclusive Growth and Prosperity through Global Participation.”

Brende said the private sector has a key role to play in mobilising investment, driving innovation, and finding solutions to shared challenges.

“That means that if you want to get anything done, you also must work with the business sector. That’s the only way to also get investments and fresh money,” he explained. 

He described Africa, with its fast-growing economies and young workforce, as poised to shape the future. 

The African Continental Free Trade Area (AfCFTA) alone has the potential to unlock $450 billion in economic gains over the next decade.

The World Economic Forum, he said, has a long-fostered collaboration between business and government, and is committed to supporting this effort through initiatives such as the First Movers Coalition that pushes for green technologies.

“Now is the time for the B20 and G20 to work together to accelerate sustainable growth, strengthen global trade, and ensure that economic progress benefits all. 

“South Africa’s long-standing commitment to cooperation serves as a powerful example of what is possible when we find common ground.”

Brende also touched on the key challenges including climate change, cybercrime, and the need for global consensus on issues like carbon dioxide (CO2) emissions and cybersecurity. 

Despite the geopolitical tensions, Brende stated that the global economy is expected to grow by over 3% this year.  

“Trade is expected to grow by 3%, however, the growth we are seeing in trade is not coming from traditional manufacturing goods. Digital trade and services are projecting significant growth. The biggest game changers over the next few years will be new technologies.”

He said the technological advancements, particularly in artificial intelligence (AI) and machine learning, could boost productivity by 10% in a decade. 
– SAnews.gov.za

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Wed, 02/26/2025 - 13:58
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Government reiterates call to register spaza shops

Location: News

Government reiterates call to register spaza shops

Government has encouraged all spaza shop owners and vendors to register their businesses with their local municipality by the end of the week.

“Spaza shops must be registered to ensure that food safety laws are followed, and dangerous goods are taken off the market, keeping children safe and preventing future outbreaks,” the Government Communication and Information System (GCIS) said.

They have until Friday, 28 February 2025, to register their businesses.

Application forms for registration or permits to conduct business can be accessed physically at the municipal offices or on the municipality website. 

The registration of a business takes one day, people must not wait until the last day to register. 

“Citizens are reminded that registering a spaza shop on behalf of another person is a criminal offense. The Immigration Act of 2002 clearly states that it is a criminal offense to assist an illegal foreigner to conduct any business in the country and to assist an illegal foreigner to obtain a licence to conduct any business,” GCIS said. 

For guidelines on spaza shop registrations visit: https://www.sanews.gov.za/features-south-africa/guide-register-spaza-shops.

Last year, President Cyril Ramaphosa extended the registration deadline for all spaza shops and food handling outlets after initially announcing the registration directive in November 2024. 

This extension follows a serious incident involving foodborne illnesses, which resulted in over 890 cases and nearly 30 deaths since September 2024.

In October last year, six primary school children from Naledi, Soweto, died after allegedly eating snacks from a foreign-owned local spaza shop. - SAnews.gov.za

 

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Tue, 02/25/2025 - 10:53
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Network International appointed as Payment Processing Partner by MTN Group Fintech

Location: News
Network International

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa's leading mobile financial services provider. This partnership marks a significant extension of Network's portfolio of issuer processing collaborations throughout the African continent. 

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech's cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa. 

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon   Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration.  Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions. 

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech's growth strategy, and its business development plans across the continent.”  

Cedric N'guessan, Executive for Payment and E-commerce at MTN Group Fintech added, "This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent." Read More (https://apo-opa.co/43aKuII) 

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.   

Distributed by APO Group on behalf of Network International.

For more information, please contact:  
MTN Group Press Office
MTNGroup.PressOffice@mtn.com 

MTN Group Fintech (Proprietary) Limited: 
Head Office: 216-14th Avenue Fairland 2195, Private Bag 9955 Cresta 2118 South Africa 
Tel +2711 912 3000 
Fax +2711 912 4093 
Website www.MTN.com

Corporate Communications: 
Network International 
Dubai, UAE 
Tel: +971 4 303 2431 
lambert.espedido@network.global   

Follow us:
X: https://apo-opa.co/3QwQZht
Linkedin: https://apo-opa.co/4khrvCr

About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN's extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance. 

About Network International:
Network International is the Middle East and Africa's largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.  

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Kholo Capital Mezzanine Debt Fund I Reaches Final Close at R1,4 Billion

Location: Business

Kholo Capital
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Kholo Capital Mezzanine Debt Fund I (“Kholo Capital” or “the Fund”) (www.KholoCapital.com/), has reached final close at R1,4 billion in commitments, in order to make long-term mezzanine debt investments in small and medium sized businesses in Southern Africa (i.e., South Africa, Botswana, Namibia, Lesotho and Swaziland). The funding provided to these businesses will positively impact communities and support economic growth, job creation, alleviation of poverty and advancement of transformation in the Southern African region. The Fund provides growth capital, BEE Financing and acquisition funding into sectors of the Southern African economy with high social impact including social housing, healthcare, education, renewable energy, food and food security, ICT, financial technology and infrastructure. The Fund follows the United Nation's 17 Sustainable Development Goals as guiding principles with key focus on those linked to Job Creation (i.e., Decent work and Economic growth, Reduced Inequalities and Gender Equality) and those linked to Sustainable Growth (i.e.; Affordable and Green Energy, Sustainable Cities and Communities and Climate Action). The R1,4 billion in commitments was secured from leading South African institutional investors.

Kholo Capital believes that mezzanine debt funding, being a subordinated loan position that sits between senior debt and equity in the capital structure of a business, is attractive because it plugs any equity funding gaps and provides businesses with a tailored and flexible loan solutions in support of their growth requirements. Kholo Capital's investment criteria include investing in small and medium sized businesses generating minimum R25m EBITDA across various growth sectors of the Southern African economy, thereby providing much needed access to capital within a preferred range of R70m to 200m per investment. The benefit of mezzanine debt loan funding lies not only in the ability to tailor funding terms like debt servicing requirements (e.g., providing capital repayment moratoriums), and also because it is a loan funding instrument it avoids the significant equity dilution which is sometimes the sad reality when businesses try to fund their growth ambitions by raising pure equity funding.

Mokgome Mogoba, Founder and Managing Partner at Kholo Capital, said: “We are very bullish about South Africa, the South African economy and the future prospects of this beautiful country and the surrounding region. We are heartened and motivated by the optimism and the resilience of its people. We aim to create in excess of 500 new jobs at a rate of more than 40 nett jobs created per investment and we have committed to investing more than 50% of the Fund in black empowered companies. We are excited at the opportunity to bring creative funding solutions to the Southern African market and to form long term sustainable partnerships with businesses over a 4 to 7-year investment horizon, realising not only strong commercial returns for our investors, but also providing transformational funding that has a positive ESG impact on businesses and surrounding communities as we also look to boost our rural and township economies.”

Zaheer Cassim, Founder and Managing Partner at Kholo Capital, added: “Mezzanine debt funding is non-dilutive by nature and therefore is an attractive funding option for family-owned businesses, BEE companies or any business that needs to raise capital and hold onto the equity in the business. And with the banks becoming more risk averse due to regulatory requirements, lending to small and medium sized businesses has reduced, creating a great opportunity for flexible mezzanine debt structures.  We are grateful that our investors recognise the opportunity and have shown us tremendous support.”

With a strong pipeline of opportunities, Kholo Mezzanine Debt Fund I is well positioned to advance its investment objectives, and make a sustainable impact in support of the real economy. 

Distributed by APO Group on behalf of Kholo Capital.

For more information contact:
Mokgome Mogoba
Managing Partner
Kholo Capital Mezzanine Debt Fund I
mokgome@kholocapital.com
Tel: +27-79-631-5860                                     

Zaheer Cassim
Managing Partner
Kholo Capital Mezzanine Debt Fund I
zaheer@kholocapital.com
Tel: +27-83-786-0845

About Kholo Capital Mezzanine Debt Fund I:
Kholo Capital is a specialist alternative investment fund management company with deep experience and track record in private markets. It was founded in 2020 by Mokgome Mogoba and Zaheer Cassim. The Kholo Capital investment team has more than 100 years of collective credit and investment experience and is highly skilled in senior debt, mezzanine debt and private equity. The investment team has a strong track record in the credit and investment space and has invested in excess of R50bn of mezzanine debt, private equity and senior debt investment transactions in over 90 transactions in more than 10 African countries. Kholo Capital Mezzanine Debt Fund I is managed by a cohesive, dynamic and nimble team and the management team has worked together over the last 21 years.

Website: www.KholoCapital.com

Read moreKholo Capital Mezzanine Debt Fund I Reaches Final Close at R1,4 Billion

Innovation Fund: Everything you need to know

Location: News

Innovation Fund: Everything you need to know

The Department of Science, Technology and Innovation (DSTI) has expressed its strong support for government's vision to bolster innovation as articulated by President Cyril Ramaphosa in the 2025 State of the Nation Address (SONA).

The department said the Innovation Fund will be a key priority for the government in the 2025/26 financial year, with implementation overseen by the DSTI Minister, Professor Blade Nzimande.

In his address earlier this month, President Ramaphosa reaffirmed the government’s commitment to advancing the Innovation Fund, which aims to bolster the growth of innovative startups and technology-driven Small and Medium Enterprises (SMEs).

“To build an innovative economy, the Department of Science, Technology and Innovation will establish an Innovation Fund to provide venture capital to tech start-ups that emerge from our higher education institutions,” the President said in his speech. 

What is the DSTI’s Innovation Fund? 

In 2021, the DSTI launched the Innovation Fund as part of its comprehensive suite of initiatives aimed at fostering innovation. 

According to the department, the primary goal of the Innovation Fund is to stimulate the development and ongoing expansion of the high-tech SME sector.

It also aims to reduce risks associated with early-stage SME creation, fostering sustainable pipelines of viable, investable high-tech enterprises that can attract later-stage investments from the private sector.

In contrast to conventional financing institutions like private equity firms and commercial banks, the Innovation Fund is less stringent and offers more flexible yet thoroughly enforced financial support.

Who does this Fund target?

The Innovation Fund cuts across various stages of the SMEs’ business development life cycle and is structured to drive public-private co-investment in innovative high-tech SMEs. 

The Innovation Fund model also leverages the investment expertise of institutions such Technology Innovation Agency (TIA), the SA SME Fund and the Public Investment Cooperation (PIC), which in turn, drive the syndication of investment with various venture capital fund management entities. 

What is the objective of the Fund?

Leverage Private Capital: Attract additional private sector investments into the South African innovation ecosystem and venture capital industry.

Stimulate Innovation: Encourage the development and commercialisation of locally developed IP and innovative products and services. 

Support startups and tech-enabled SMEs: Provide catalytic capital backing to early-stage startups and tech-enabled SMEs. 

Build a resilient innovation ecosystem: Strengthen the infrastructure and support systems for innovation and venture building, including venture studios, incubators, accelerators, hubs, and so on to ensure a robust and interconnected ecosystem.

DSTI’s financial investment: 

The department has currently invested nearly R917.2 million in various investment intermediaries, including TIA, PIC, and the SA SME Fund.

This Fund has successfully leveraged over half a billion in co-investments from the private sector. 

To date, it has provided support to 12 venture capital firms and approximately 96 technology investment opportunities and enterprises.

How can SMEs access the Fund?

More information on the Fund can be accessed at https://innovationbridge.info/ibportal/innovation-fund.

For current open calls visit https://www.tia.org.za/innovation-fund-first-time-and-emerging-fund-managers/ or https://epftechfund.orcaa.ai. 

For further inquiries on the Fund please contact Mr Konanani Rashamuse on Koanani.Rashamuse@dsti.gov.za. – SAnews.gov.za

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Mon, 02/24/2025 - 13:29
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Operation Vala Umgodi nets Limpopo suspects 

Location: News

Operation Vala Umgodi nets Limpopo suspects 

Thirty undocumented persons and five alleged illegal sand miners were arrested in a South African Police Service (SAPS) operation in Limpopo at the weekend.

Operation Vala Umgodi led to arrests in the SAPS’ operation carried out in collaboration with the Tactical Joint Operational Command (TACJOC on Saturday.

“The five male individuals arrested for illegal sand mining were caught loading sand into their trucks in Rakgoadi policing precinct under Sekhukhune District. Four shovels were confiscated during the operation,” said the police.

The team conducted an intelligence-driven operation in Bergenek village, within the Westenburg policing area, resulting in the arrest of six undocumented foreign nationals aged between 18 and 37. 

“These individuals were apprehended at various locations and are suspected of being involved in illegal mining activities. Simultaneously, a parallel operation in Vhembe District saw law enforcement officers executing disruptive operations at multiple illegal mining sites.

“The team traced undocumented foreign nationals suspected of involvement in illegal mining to Nancefield and Musina CBD [central business district] within the Musina policing precinct. A total of 17 undocumented foreign nationals, aged between 18 and 44, were arrested and charged under the Immigration Act. All 17 individuals face direct deportation in line with immigration laws,” explained the police.

The other seven undocumented foreign nationals aged between 24 and 40 were arrested in the Tzaneen, Mopani District. -SAnews.gov.za

 

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Mon, 02/24/2025 - 09:45
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Solarafrica Secures R1.8 Billion Solar Investment, Advancing Wheeling Adoption in South Africa

Location: Business
Starsight Energy

SolarAfrica (https://SolarAfrica.com/) is proud to take another major step forward in the development of its flagship utility-scale solar project, SunCentral, by successfully reaching financial close on the first 114 MW component of the project alongside funding partners Investec and RMB. The R1.8 billion investment into SunCentral marks the start of the project's rollout in South Africa.

SunCentral is a large-scale solar photovoltaic (PV) plant located between Hanover and De Aar in South Africa's Northern Cape province. The project will be developed in three phases.

Phase 1, consisting of 342 MW, will be delivered through a staged roll-out of three 114 MW facilities and will deliver renewable energy to a diverse range of off-takers by wheeling it through South Africa's power grid. Phase 2 and 3 will increase SunCentral's capacity to 1 GW.

Unlike similarly sized projects that offer wheeling on a one-to-one basis (with one generation plant supplying one off-taker), SolarAfrica's project will offer wheeling on a one-to-many basis, making it available to a wider pool of businesses in South Africa.

SolarAfrica's Chief Investment Officer Charl Alheit, who spearheaded the financial close, explains: “Reaching financial close on the first 114 MW of our utility-scale wheeling development and Main Transmission Substation (MTS) investment marks a significant milestone in our commitment to advancing sustainable energy solutions for our customers in the commercial and industrial sectors.”

He adds that the substantial size of SunCentral will unlock access to cheaper, greener power for even more businesses across the country. “We are excited to see this project move forward as we continue contributing to the energy transition while delivering long-term value to our customers."

SolarAfrica is part of the greater Starsight Energy Africa Group. The success of SunCentral will act as a blueprint for similar (and possibly smaller) off-site generation projects in other key African markets in which the Starsight Energy Africa Group companies operate.

“The construction of SolarAfrica's SunCentral is a critical step in our journey to expand clean energy adoption across Sub-Saharan Africa, says Paul van Zijl, Group CEO of Starsight Energy Africa Group. “We are excited to move this project forward and continue delivering long-term value to our customers,” he says.

SolarAfrica is backed by world-class investors African Infrastructure Investment Managers (AIIM) and Helios Investment Partners who both hold decades-long track records of bringing investment to support African innovation.

“Reaching Financial Close on the first 114 MW on SunCentral is a fantastic milestone for SolarAfrica, says Thor Corry, Investment Director at AIIM.

“The modular approach to construct the MTS and plug in subsequent 114 MW modules provides a superb platform for SolarAfrica to scale at pace to meet the needs of the C&I customers in South Africa who want to secure price certainty and cost efficiencies while furthering South Africa's Just Energy Transition. With South Africa requiring up to 30 GW of new capacity by 2030 to meet its climate commitments and energy needs, projects like this are crucial,” Corry concludes.

Distributed by APO Group on behalf of Starsight Energy.

About SolarAfrica:
Founded in 2011, SolarAfrica provides a suite of capex-free green energy solutions to the commercial and industrial sectors in Southern Africa. The holistic suite includes on-site solutions such as solar energy and battery storage together with virtual solutions like wheeling, trading and aggregation.

SolarAfrica partners with businesses in South Africa seeking an energy solution that provides power security, cost savings and carbon reduction – building towards long-term sustainability.

The company has evolved into an ambitious team who are passionate about what they do and the core values they uphold. SolarAfrica has been named the continent's leading solar energy firm twice, scooping the Africa Solar Industry Association's African Solar Company of the Year award in 2021 and 2023.

About Starsight Energy:
Across the continent, Starsight Energy is redefining what it means for businesses to be energy efficient. Starsight Energy provides premier clean on-grid and off-grid energy services to commercial and industrial clients in Africa.

Serving the commercial and industrial, financial, residential, educational and agricultural sectors, Starsight Energy delivers tailored power and cooling solutions to meet client requirements while optimising consumption through energy-efficient appliances and environmentally friendly practices and recommendations.

From load analysis and modelling to demand management and customised solution design, Starsight Energy helps clients optimize energy efficiency and cost savings across the board.

About African Infrastructure Investment Managers (“AIIM”):
AIIM, a member of Old Mutual Alternative Investments* (“OMAI”), has been investing in the African infrastructure sector since 1999 with a track record extending across seven African infrastructure funds. AIIM's team of 40+ investment professionals are based out of five locally staffed offices across the continent in Cape Town, Johannesburg, Nairobi, Lagos and Abidjan providing direct on-the-ground coverage of our key markets.

AIIM is Africa's largest dedicated infrastructure private equity manager and currently manages an aggregate AUM of USD2.9 billion in assets across the power, renewable energy, digital infrastructure, mid-stream energy and transport sectors with operations in 19 African countries.

AIIM is a licensed FSP approved by the Financial Sector Conduct Authority in South Africa.

*Old Mutual Alternative Investments (OMAI) is a private alternative investment manager in Africa, with over USD7.6 billion (ZAR139.4 billion) under management in infrastructure, private equity, hybrid equity and impact funds. It is a member of Old Mutual Investment Group, the investment management arm of Old Mutual.

About Helios Investment Partners:
Established in 2004, Helios Investment Partners is the largest Africa-focused private investment firm, with a record that spans creating start-ups to providing expanding companies with growth capital and expertise. The firm has over $3.0 billion in assets under management and is led and managed by a predominantly African team based in London, Lagos, Nairobi and Paris, with the language skills and cultural affinity to engage with local entrepreneurs, managers, and intermediaries on the continent.

Helios leverages its local and global networks to create attractive proprietary investment opportunities, with an emphasis on building market leaders in core economic sectors and driving performance through a highly engaged approach to portfolio operations. The firm's unique combination of a deep knowledge of the African operating environment, a singular commitment to the region and a proven capability to manage complexity, is reflected in its diverse portfolio of growing, market-leading businesses, and its position as a partner of choice in Africa.

Helios is the second mainstream private equity firm globally, and the largest emerging markets focused private equity firm, to achieve B Corp certification. B Corp status recognizes the firm's longstanding commitment to sustainability and responsible business practices.

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SA welcomes first visitors from China through new visa initiative

Location: News

SA welcomes first visitors from China through new visa initiative

The digital Trusted Tour Operator Scheme (TTOS) visa initiative is bearing fruit with the first group of visitors from China having arrived in South Africa at the weekend.

Home Affairs Minister Dr Leon Schreiber along with Tourism Minister Patricia de Lille and other government and tourism stakeholders welcomed the first group of visitors from China through the TTOS visa initiative.

The 15 tourists arrived on Saturday through the Cape Town International Airport in the Western Cape.

The Ministers were delighted to welcome the tourists and a tour guide who arrived in South Africa only a few days after their visas were processed through the Department of Home Affairs visa initiative.

“This was an exciting moment in this ground-breaking initiative where the TTOS is providing a faster and more seamless process for visas for travellers from India and China. Together with the Department of Home Affairs we have worked tirelessly to make this happen and I commend Minister Schreiber and the team in the Department of Home Affairs for the swift implementation of this new and improved visa initiative,” Minister de Lille said.

Last year, an Inter-Ministerial Committee with the Department of Tourism, the Department of Home Affairs, the State Security Agency and Operation Vulindlela in the Presidency was established to tackle the visa regime issues. 

Home Affairs announced that the ground-breaking Trusted Tour Operator Scheme will significantly ease the process and allow for a seamless visa application process for travellers and tour operators from India and China. 
READ | Trusted Tour Operator Scheme to boost tourism from China, India

From 12 February, the first group of approved 65 tour operators from South Africa, India and China started processing visa applications through the TTOS. 

India and China have been identified as two key source markets for South Africa to grow arrivals due to the high number of tourists who travel internationally from these countries. 

Currently, South Africa only receives 41 600 arrivals from India and 79 700 from China, a minor share of the country’s total arrivals for 2024 which stood at 8.9million total international arrivals. 

“The TTOS is a massive win for the tourism and business events sector and the Department of Tourism will use the new visa initiatives as enablers to grow tourism arrivals to South Africa which will in turn drive inclusive economic growth and job creation,” Minister de Lille added.

Through targeted outreach engagements in India and China, the country has also been sharing the developments of the TTOS, the Electronic Travel Authorisation and Digital Nomad Visas with these two key source markets to ensure that more tour operators register and use these new and enhanced visa processes.  

“We are extremely excited about these visa developments and what it means for the growth of the tourism sector. We have no doubt that the TTOS will exponentially increase arrivals from India and China which will stimulate demand across the tourism and services sector,” the Minister said. – SAnews.gov.za

 

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Sun, 02/23/2025 - 16:01
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Government remains committed to preserving local industries

Location: News

Government remains committed to preserving local industries

Government is committed to preserving local industries and safeguarding employment opportunities, the Department of Trade, Industry and Competition said.

This as government acknowledged the concerns raised by the National Union of Metalworkers of South Africa (NUMSA) on the impact of ArcelorMittal South Africa’s (AMSA) decision to wind down its long steel business.

“We recognise the significance of this matter for workers, the broader steel industry, and the economy,” said the department in a statement on Saturday.

This as NUMSA staged a picket outside the Industrial Development Corporation (IDC) to voice their demands on Friday.

“The Minister is awaiting the memorandum to be presented by the board regarding these demands. Once received, the Minister will consider the issues raised and respond appropriately. 

“The Department of Trade, Industry, and Competition (the dtic) remains committed to engaging all stakeholders, including AMSA, organised labour, and industry partners, to find sustainable solutions. We continue to explore all possible avenues to avert job losses, support affected workers and ensure the resilience of South Africa’s steel sector,” said the department.

The dtic urged all parties to engage constructively “as we work towards interventions that protect industrial capacity while securing long-term economic stability.”

“The government remains steadfast in its commitment to preserving local industries and safeguarding employment opportunities,” said the department.

In January, the dtic said the steel industry is critical in the reconstruction and recovery plan for the South African economy, particularly the manufacturing, mining, construction, engineering, and transportation sectors.

This as AMSA announced that it was winding down its longs steel business at its Newcastle plant.

“The department notes with serious concern the announcement by ArcelorMittal South Africa to wind down its longs steel business at its Newcastle plant. In fulfilment of its mandate to work with the private sector in growing the local economy the dtic remains committed to working with AMSA to find a workable and lasting situation,” the department said in a statement at the time.

During the course of 2024, AMSA had reached out to various government departments and state-owned entities with requests for different concessions for their business. Having taken heed of these requests, the Minister of the dtic took the decision to form a comprehensive and coordinated approach to resolving the issues raised by AMSA.

READ | DTIC notes ArcelorMittal South Africa’s decision

The Minister set up a technical working group made up of the relevant stakeholders including the dtic and AMSA, the Departments of Electricity and Energy, Transport, as well as Eskom, Transnet and private sector stakeholders. -SAnews.gov.za

Neo
Sun, 02/23/2025 - 12:02
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Read moreGovernment remains committed to preserving local industries

Deputy President Mashatile Receives Courtesy Visit From Chairman of the China Council for the Promotion of International Trade

Location: News

The Presidency of the Republic of South Africa
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Deputy President Shipokosa Paulus Mashatile has today, Thursday, 20 February 2025, received a courtesy visit by the Chairman of the China Council for the Promotion of International Trade (CCPIT), Mr. REN Hongbin, at the OR Tambo Official Residence in Pretoria, Gauteng Province. 

The CCPIT is a key Chinese economic promotion institution that reports directly to the State Council responsible for the facilitation and promotion of trade and investment with foreign countries by supporting Chinese companies (their members) to do business abroad and to engage and support foreign companies that have operations in China.

It has more than 400 000 Chinese business members, the majority of which are from State-owned Companies (SoEs).

This visit to the Deputy President follows the successful 2nd State Visit to China by President Cyril Ramaphosa in September 2024. In particular, it builds on the outcomes of the President's business engagements, including the seminal South Africa – China Presidential Business Forum, the closed roundtable discussion between the President and the Leadership of 20 high-level Chinese investors, and the Presidential Business Programme in Shenzhen that focused on key investors in China's leading technology and innovation hub. 

Therefore, the Chairman's visit is mainly focussed on following up on the implementation of the outcomes of the 9th Forum on China-Africa Cooperation (FOCAC) Summit held in Beijing in September 2024, as well as optimising the trade and investment environment for better cooperation between South Africa and China.

Deputy President Mashatile has welcomed China's plan to host the FOCAC Ministerial Coordination Meeting alongside the China-Africa Economic and Trade Expo in June 2025.

Such events, he said, would strengthen Africa-China economic relations and accelerate projects in industrialisation, infrastructure, agricultural modernisation, and green development, aligning with AU Agenda 2063 goals.

“Chairman, our President was encouraged by the number of Chinese companies he interacted with in Beijing and Shenzhen last year, who all expressed a wish to increase their investment exposure in South Africa. We continue to prioritise new investments in targeted sectors and enlarge the beneficiation and manufacturing base in South Africa, especially in the automotive and energy, which will contribute to local job creation, technology, and skills transfer,” said the Deputy President.

Furthermore, the Deputy President took the opportunity presented by the visit to mobilise Chinese businesses to attend the Business20 (B20) meetings of the G20 in South Africa this coming year.

In reciprocating the invite by the Deputy President, the Chairman also invited South Africa to attend the 3rd China International Supply Chain Expo (CISCE) that will be hosted by the CCPIT in Beijing in July this year. The CISCE is one of the four national-level trade and investment conferences hosted in China yearly. The 2nd CISCE was held in Beijing in November 2024 and was addressed by the Vice President of China, Mr Han Zheng.

Post the meeting with the Deputy President, the Chairman is expected to meet with the Minister of Trade, Industry, and Competition, Mr Parks Tau.

During this meeting, Deputy President Mashatile was supported by Deputy Minister of International Relations and Cooperation, Ms Moraka and Deputy Minister of Trade Industry and Competition, Mr Godlimpi.

Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

Read moreDeputy President Mashatile Receives Courtesy Visit From Chairman of the China Council for the Promotion of International Trade

Cape Town to host B20 meeting 

Location: News

Cape Town to host B20 meeting 

With South Africa due to host the Group of Twenty (G20) Leaders’ Summit this year, Cape Town is set to host the Business 20 (B20) – the official dialogue forum for domestic and international business communities next week.

Western Cape Premier Alan Winde said the province and Cape Town look forward to welcoming the world once again.

This as the province will host the B20 from 24-25 February in the year that South Africa hosts the Group of Twenty (G20) Leaders’ Summit.

“This is an important milestone for our province, country, and continent. It is a huge honour for us all to showcase the region to the world. We did this so well this last holiday season and again with the recent Mining Indaba and other major events. Now it is our opportunity to host the B20. Let us all put our best foot forward and send delegates home as marketers of Cape Town and the Western Cape,” he said.

According to the Premier, the B20 serves as an important networking platform for local companies and businesses to link up with international counterparts, who are eager to join hands with them in exploring ways in which to take economic growth and job creation forward.

The B20 offers several benefits, including attracting foreign investment, boosting tourism, enhancing the international reputation of the Western Cape and South Africa, and influencing global policy discussions.

The B20 summit will focus on the theme ’Inclusive Growth and Prosperity through Global Participation.’

Key areas of priority for the summit include trade and investment, infrastructure development, education, and climate change.
“We have a vital opportunity to showcase our economic successes, further highlight the region as an investment destination of choice, build on our achievements together with global partners, and deepen international ties to tackle critical issues.

“The issues that will be discussed at the B20 can influence the G20 and so we will ensure our voice is heard,” Winde added.

Meanwhile, more than 100 meetings of the G20 will be held throughout the year, 40 of which are planned to take place in the Western Cape.

“The Western Cape is ready to host even more meetings and gatherings linked to the G20 if need be. We must maximise the hosting of these events to enhance our global standing.”

Meanwhile, President Cyril Ramaphosa will today officially open and address the G20 Foreign Ministers’ Meeting in Johannesburg.

The Foreign Ministers’ Meeting hosted by the Minister of International Relations and Cooperation Minister Ronald Lamola takes place under South Africa’s G20 Presidency theme of “Solidarity, Equality and Sustainability” on 20 and 21 February at the Nasrec Expo Centre. – SAnews.gov.za

 

Gabisile
Thu, 02/20/2025 - 09:45
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Read moreCape Town to host B20 meeting 

Human Rights Council to Hold Its Fifty-Eighth Regular Session

Location: News

Office of the UN High Commissioner for Human Rights (OHCHR)
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The United Nations Human Rights Council will hold its fifty-eighth regular session from 24 February to 4 April 2025 at the Palais des Nations in Geneva, starting with its high-level segment from 24 to 26 February, when dignitaries representing more than 100 Member States will address the Council.

The session will open at 9 a.m. on Monday, 24 February under the Presidency of Ambassador Jürg Lauber of Switzerland. Delivering statements at the opening will be the Secretary-General of the United Nations, António Guterres; thePresident of the United Nations General Assembly, Philemon Yang; the United Nations High Commissioner for Human Rights, Volker Türk; as well as the Chief of the Federal Department of Foreign Affairs of Switzerland, Ignazio Cassis. The Council will be meeting in room XX of the Palais des Nations.

On Monday, 3 March, the Council is scheduled to hear a global update by the High Commissioner for Human Rights on the situation of human rights around the world. The general debate on his global update will start following his presentation of a number of country-specific reports and updates.

During the session, the Council will hold 30 interactive dialogues with the High Commissioner, his Office and designated experts, with Special Procedure mandate holders and investigative mechanisms, and with Special Representatives of the Secretary-General. The Council will also hold five enhanced interactive dialogues and one high-level dialogue, as well as nine general debates.

The Council will also hold theannual high-level panel discussion on human rights mainstreaming with a focus on the thirtieth anniversary of the Beijing Declaration and Platform for Action;the biennial high-level panel on the death penalty; panel discussions on early warning and genocide, HIV response and leaving no one behind, and onrights to work and to social security; the annual interactive debate on the rights of persons with disabilities; the annual discussion on the rights of the child; and a commemoration of the International Day for the Elimination of Racial Discrimination.

The Council will examine the situation of human rights in a number of countries under its various agenda items, including the situation in the occupied Palestinian territory, Eritrea, Sudan, South Sudan, Nicaragua, Afghanistan and Myanmar under agenda item two; in Iran, Syria, Venezuela, Ukraine, Belarus, the Democratic People's Republic of Korea, and Myanmar under agenda item four; and in Mali, Haiti, Ukraine, the Democratic Republic of the Congo, South Sudan and Central African Republic under agenda item 10.

The final outcomes of the Universal Periodic Review of14 States will also be considered, namely those of Norway, Albania, Democratic Republic of the Congo, Côte d'Ivoire, Portugal, Bhutan, Dominica, Democratic People's Republic of Korea, Brunei Darussalam, Costa Rica, Equatorial Guinea, Ethiopia, Qatar and Nicaragua.

Towards the end of the session, the Council will appoint three new members of the Expert Mechanism on the Rights of Indigenous Peoples.

A detailed agenda and further information on the fifty-eighth session can be found on the session'swebpage. Reports to be presented are available here.

First Week of the Session

The fifty-eighth regular session will open at 9 a.m. on Monday, 24 February with a short opening meeting, followed by the start of the high-level segment, which will continue until 26 February, and during which the Council will hear addresses by more than 100 dignitaries. Intervening during the high-level segment will be the annual high-level panel discussion on human rights mainstreaming in the afternoon of 24 February and the biennial high-level panel on the death penalty in the morning of Tuesday, 25 February. The general segment will follow the conclusion of the high-level segment in the afternoon of Wednesday, 26 February.

On Thursday, 27 February, the Council will hold an interactive dialogue on the High Commissioner's report on the occupied Palestinian territory, including East Jerusalem, and the obligation to ensure accountability and justice, followed byenhanced interactive dialogues on the situation of human rights in Eritrea and on the High Commissioner's report on Sudan, with the assistance of the designated Expert. Friday, 28 February, will see the conclusion of the discussion on Sudan, followed by an enhanced interactive dialogue on the report of the Commission on Human Rights in South Sudan. This will be followed by three interactive dialogues, the first on the report of the Group of Human Rights Experts on Nicaragua, the second with the Special Rapporteur on the situation of human rights in Afghanistan, and the third on the High Commissioner's oral update on Myanmar.

Second Week of the Session

At the beginning of the second week, on the morning of Monday, 3 March, the Council will hear the High Commissioner's global update, then conclude the interactive dialogue on the High Commissioner's oral update on Myanmar. This will be followed by the presentation of reports on the activities of the Office of the High Commissioner in Colombia, Guatemala and Honduras, and of another report on Cyprus, and oral updates on Sri Lanka and Nicaragua. The Council will then begin the general debate under agenda item two, namely the annual report of the High Commissioner for Human Rights and reports of the Office of the High Commissioner and the Secretary-General, which will conclude on Tuesday, 4 March. The Council will subsequently begin its considerations under agenda item three on the promotion and protection of all human rights, holding interactive dialogues with the Special Rapporteur on torture and other cruel, inhuman or degrading treatment or punishment and with the Special Rapporteur on freedom of religion or belief.

On the morning of Wednesday, 5 March, the Council will hold a panel on early warning and genocide prevention, then conclude its interactive dialogue with the Special Rapporteur on freedom of religion or belief. This will be followed by an enhanced interactive dialogue on the report of the Office of the High Commissioner on transitional justice. Another panel will be held on Thursday, 6 March on HIV response and leaving no one behind, in addition to two interactive dialogues with the Special Rapporteur on the situation of human rights defenders and the Special Rapporteur in the field of cultural rights. A third panel will be held in the morning of Friday, 7 March on rights to work and to social security, followed by two interactive dialogues with the Special Rapporteur on the right to adequate housing and the Independent Expert on the rights of persons with albinism.

Third Week of the Session

The Council will start its third week on Monday, 10 March with a focus on disability, beginning with an interactive dialogue with the Special Rapporteur on the rights of persons with disabilities, to be followed by the annual debate on the rights of persons with disabilities. The day will conclude with aninteractive dialogue with the Independent Expert on foreign debt, which will continue in the morning of Tuesday, 11 March. Two moreinteractive dialogues will also be held on Tuesday with the Special Rapporteur on the right to food and the Special Rapporteur on the promotion and protection of human rights and fundamental freedoms while countering terrorism.

Wednesday, 12 March will see a further three interactive dialogues with the Special Rapporteur on the right to privacy, and the Special Representatives of the Secretary-General on violence against children and on children and armed conflict, the latter of which will conclude on Thursday, 13 March. The focus on children will continue on Thursday, with the Council also holding its annual discussion on the rights of the child, the theme of which will be early childhood development, and starting an interactive dialogue with the Special Rapporteur on the sale of children, which will conclude on Friday, 14 March.

On Friday, an interactive dialogue with the Special Rapporteur on the human right to a healthy environment will precede the presentation of reports by the open-ended intergovernmental working group on transnational corporations and other business enterprises with respect to human rights, the Secretary-General, the High Commissioner and his Office, followed by the start of the general debate on agenda item three.

Fourth Week of the Session

The first day of the Council's fourth week, Monday 17 March, will be devoted to concluding the general debate on agenda item three. From Tuesday, 18 March, consideration of agenda item four, human rights situations that require the Council's attention, will begin. First on the schedule is a joint interactive dialogue with the Special Rapporteur and the independent international fact-finding mission on the situation of human rights in Iran, followed by interactive dialogues with the independent international commission of inquiry on Syria, the fact-finding mission on Venezuela and the independent internationalcommission of inquiry on Ukraine.

On Wednesday, 19 March, after the conclusion of the dialogue with the commission of inquiry on Ukraine, three more separate interactive dialogues will be held with the group of independent experts on the situation of human rights inBelarus and with the Special Rapporteurs on the situation of human rights in the Democratic People's Republic of Korea and in Myanmar.

Thursday, 20 March, will see the Council hear the presentation of the High Commissioner's report on the Democratic People's Republic of Korea and his oral update of the situation of human rights in Venezuela. This will be followed by the general debate on agenda item four, which will conclude on the morning of Friday, 21 March. On Friday, the Council will also hold an interactive dialogue with the Special Rapporteur on minority issues, before beginning considerations under agenda item five on human rights bodies and mechanisms. After hearing the presentation of reports by the Forum on Minority Issues, the Social Forum, and the Special Procedures of the Council, it will commence the general debate on agenda item five.

Fifth Week of the Session

The Council will start its fifth week on Monday, 24 March with its consideration under agenda item six of the final outcomes of theUniversal Periodic Reviews of 14 States: Norway, Albania, Democratic Republic of the Congo, Côte d'Ivoire, Portugal, Bhutan, Dominica, Democratic People's Republic of Korea, Brunei Darussalam, Costa Rica, Equatorial Guinea, Ethiopia, Qatar and Nicaragua. This consideration will continue through to the morning of Wednesday, 26 March, after which the Council will hold a general debate on agenda item six. This will be followed by the presentation of the reports of the High Commissioner and the Secretary-General under agenda item seven, namely the human rights situation in Palestine and other occupied Arab territories, and the general debate on this agenda item. The general debate under agenda item eight - follow-up and implementation of the Vienna Declaration and Programme of Action – is also scheduled to commence on Wednesday afternoon.

Ending racism will be the Council's theme for Thursday, 27 March. After concluding the debate under agenda item eight, it will hear the presentation of the report of the intergovernmental working group on the effective implementation of the Durban Declaration and Programme of Action, then hold its general debate on agenda item nine, namely racism, racial discrimination, xenophobia and related forms of intolerance, follow-up to and implementation of the Durban Declaration and Programme of Action. From 2:30 to 4:30 p.m., the Council will also hold a meeting in commemoration of the International Day for the Elimination of Racial Discrimination.

Friday, 28 March will begin with the conclusion of the debate under agenda item nine, followed by three interactive dialogues conducted under agenda item 10 on technical assistance and capacity-building. The first dialogue will be with the Independent Expert onthe situation of human rights in Mali; the second on the High Commissioner's report on the situation of human rights in Haiti, with the participation of the Independent Expert on the subject; and the third on the High Commissioner's oral update on the situation of human rights in Ukraine.

Sixth Week of the Session

Monday, 31 March is a United Nations holiday. On Tuesday, 1 April, the Council will hold an enhanced interactive dialogue on oral updates by the High Commissioner and by the team of international experts on the Democratic Republic of the Congo, followed by an interactive dialogue on the report of the Office of the High Commissioner on technical assistance and capacity building for South Sudan and a high-level dialogue on the Central African Republic. At the end of the day, the Council will hear the annual presentation of the High Commissioner on technical cooperation and his oral update on Georgia, and the presentation of the report of the Board of Trustees of the Voluntary Fund for Technical Cooperation, followed by the general debate on agenda item 10.

The general debate will conclude on Wednesday, 2 April, and the Council will then start to act on draft decisions and resolutions, appoint three new members of the Expert Mechanism on the Rights of Indigenous Peoples, and adopt the report of the fifty-eighth regular session, before closing the session on Friday, 4 April.

The Human Rights Council

The Human Rights Council is an inter-governmental body within the United Nations system, made up of 47 States, which is responsible for strengthening the promotion and protection of human rights around the globe. The Council was created by the United Nations General Assembly on 15 March 2006 with the main purpose of addressing situations of human rights violations and making recommendations on them.

The composition of the Human Rights Council at its fifty-eighth session is as follows: Albania (2026); Algeria (2025); Bangladesh (2025); Belgium (2025); Benin (2027); Bolivia (2027); Brazil (2026); Bulgaria (2026); Burundi (2026); Chile (2025); China (2026); Colombia (2027); Costa Rica (2025); Côte d'Ivoire (2026); Cuba (2026); Cyprus (2027); Czechia (2027); Democratic Republic of the Congo (2027); Dominican Republic (2026); Ethiopia (2027); France (2026); Gambia (2027); Georgia (2025); Germany (2025); Ghana (2026); Iceland (2027); Indonesia (2026); Japan (2026); Kenya (2027); Kuwait (2026); Kyrgyzstan (2025); Malawi (2026); Maldives (2025); Marshall Islands (2027); Mexico (2027); Morocco (2025); Netherlands (2026); North Macedonia (2027); Qatar (2027); Republic of Korea (2027); Romania (2025); South Africa (2025); Spain (2027); Sudan (2025); Switzerland (2027); Thailand (2027); and Viet Nam (2025).

The term of membership of each State expires in the year indicated in parentheses.

The President of the Human Rights Council in 2025 is Jürg Lauber (Switzerland). The four Vice-Presidents are Tareq Md Ariful Islam (Bangladesh), Razvan Rusu (Romania), Paul Empole Losoko Efambe (Democratic Republic of the Congo) and a fourth Vice-President to be elected later from the Group of Latin American and Caribbean States. Mr. Efambe will also serve as Rapporteur of the Geneva-based body.

The dates and venue of the fifty-eighth session are subject to change.

Information on the fifty-eighth session can be foundhere, including the annotated agenda and the reports to be presented.

Distributed by APO Group on behalf of Office of the UN High Commissioner for Human Rights (OHCHR).

Read moreHuman Rights Council to Hold Its Fifty-Eighth Regular Session

Budget speech postponed

Location: News

Budget speech postponed

In an unprecedented moment for the South African Parliament and the country, National Assembly Speaker Thoko Didiza announced this afternoon, that the tabling of the Budget Speech for 2025/26 has been postponed to a later date.

Finance Minister Enoch Godongwana was due to deliver the budget speech in Parliament on Wednesday afternoon.

“I have just had a consultation with all the Whips of parties following a consultation with the leader of government business. In terms of rule 48 sub-section 2, we have decided to adjourn proceedings for a date to be determined by the programming committee. This is in accordance with rule 10.

“Before we started the session, we were informed by the leader of government business…that while we have gathered here to have the Minister of Finance presenting the budget to this august House, there has not been agreement in terms of parties in the executive to actually find one another in proposals of the budget…about where there are possible increases.

“Cabinet therefore decided not to come and do a presentation of the budget and allow themselves enough time to relook at the budget and come back to this House in March at the time at which they will inform us,” she said.

Didiza explained the Chief Whips of the political parties in Parliament met to discuss the way forward.

“It is something that is unprecedented, but I do think it is correct that when such situations happen, we need to collectively think on the best way forward,” she said. – SAnews.gov.za

 

NeoB
Wed, 02/19/2025 - 14:45
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Read moreBudget speech postponed

Citizens outline expectations for Budget 2025

Location: News

Citizens outline expectations for Budget 2025

Reducing red tape for business and tackling the funding gap for higher education are among the items on the wishlist of ordinary South Africans ahead of Finance Minister Enoch Godongwana’s  2025 Budget Speech, this afternoon.

Michael Mokwena, a small business owner in Garankuwa, north of Pretoria, told SAnews he hopes the government will make it easier to small business people to access loans from  banks.

“We small business owners  find it hard to access loans to expand our businesses. The laws and the requirements make it difficult for us to access funds,” Mokwena said.

Speaking ahead of the Budget which the Minister will table at 2pm, Mokwena said government must set aside funds to boost small businesses in the townships.

“Township businesses are playing a big role in the country’s economy and they are playing a role in job creation. We can’t all get employed. Some of us must create job opportunities for others. For that to happen, we need support from government. We need funding so we can play an active role in growing our economy,” Mokwena explained on Wednesday.

Meanwhile, Elvis Montoedi from Hamanskraal, told SAnews that government must create more job opportunities for young graduates and importantly, government must prioritise funding for students.

“Government must set aside more money for education. It is sad to see some young people being unable to continue with their studies because of lack of funding. Government must also assist with job placement for those who have completed their studies,” Montoedi who is a final year Bachelor of Commerce (BCom)  student at the University of South Africa (UNISA) said.

Godongwana’s  Budget Speech will provide a detailed plan for 2025 spending, including proposals for revenue collection to help fund the government’s planned interventions and commitments.

READ | All eyes on the Budget: Godongwana to chart SA’s financial future

The Budget Speech, among other things, aims to balance economic growth and support for the vulnerable in our society, despite limited resources.

READ | Minister of Finance to deliver 2025 Budget Speech

This as senior lecturer at UNISA Ndou Eliphas said he expects the Minister will deliver a budget that caters for the poor - to infuse business optimism; to send a message to the public that government is working on raising economic growth and that government wants to eradicate poverty and inequality.

“The Minister of Finance should focus more on raising economic growth, [the] implementations of reforms that support economic growth, explaining how to reduce the debt servicing costs and stabilising debt to GDP ratio,” said Ndou.

Ndou is of the view that the Minister will deliver a budget that will give an optimistic outlook at a time of global economic uncertainty.

For those eager to follow the financial roadmap firsthand, the Budget Speech will be broadcast live on Parliament TV (DStv Channel 408) and streamed across Parliament’s digital platforms. South Africans can tune in to see how the numbers stack up and what lies ahead for the economy in 2025, across various TV channels and Government platforms, including on www.SAnews.gov.za . 

Wednesday’s budget will be the first budget to be tabled under the Government of National Unity (GNU). - SAnews.gov.za
 

Edwin
Wed, 02/19/2025 - 11:53
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Read moreCitizens outline expectations for Budget 2025

Nkabane announces appointment of new NSFAS board

Location: News

Nkabane announces appointment of new NSFAS board

Higher Education and Training Minister, Dr Nobuhle Nkabane, has announced the appointment of the new board of the National Student Financial Aid Scheme (NSFAS).

The appointment underpins the Minister’s unwavering commitment to ensure that the NSFAS is led by highly qualified individuals with the expertise necessary to drive efficiency, accountability, and transparency.

Recognising the pivotal role that NSFAS plays in enabling access to higher education, Nkabane said she has prioritised the swift appointment of a board that meets stringent professional and academic criteria.

In a statement on Tuesday, Nkabane said the matter [stringent professional and academic criteria] has been of national interest, and she remains steadfast in her commitment to reforming the institution to benefit South African students.

“[The] NSFAS is a critical institution requiring the highest expertise and ethical leadership. The qualification standards for board appointments have been significantly raised to achieve this.

“Members appointed to the board possess a minimum qualification of a master’s degree and extensive professional experience in finance, law, engineering, or governance. This strategic approach ensures that NSFAS is managed by individuals with the necessary expertise to navigate financial and administrative complexities, while upholding transparency and efficiency,” Nkabane said.

In line with this commitment, the Minister highlighted that the board’s composition reflects the values of inclusivity, youth empowerment, and gender representation.

She said the newly appointed members meet the stringent qualification requirements and embody a diverse and representative leadership team dedicated to transforming higher education funding.

The Minister reiterated the government’s dedication to building a strong and credible NSFAS that functions efficiently and restores public confidence.

“By selecting individuals with proven expertise and experience, NSFAS will operate with integrity, prioritise student needs, and effectively deliver on its mandate. This appointment signals a firm stance on governance reforms within NSFAS and sets a precedent for accountability in state-funded institutions.

“The department remains committed to ensuring that NSFAS supports deserving students, while upholding principles of fairness, transparency, and efficiency,” Nkabane said.

Dr Karen Stander has been appointed as the Chairperson of the board. Stander is a senior lecturer in the Department of Business Management at the University of South Africa’s (Unisa) College of Economic and Management Sciences (CEMS).

With over 13 years in academia and a PhD in Business Management from the University of Pretoria, Dr Stander brings extensive experience in student empowerment, innovation, and entrepreneurship. She is committed to fostering an efficient, and well-governed NSFAS that ensures sustainable student funding.

Other board members include:
Ndileka Portia Loyilane - Board Member (Public Administration)
Advocate Richardt Tlou Ramashia - Board Member (Legal)
Advocate Ramashia 
Advocate Lavandran Nanda Gopaul - Board Member (Legal)
Philisiwe Sibiya: Member (Accounting, Chartered Accountant (CA SA))
Clarinda Elizabeth Simpson: Member Accounting (CA SA). 
Prashika Mahesh: Member Accounting (CA SA). 
Dr Siyanda Mngadi: Member – Governance.
Karabo Mohale: Member – Governance
Dr Johanna Maphutha: Member – Education.
Dr Mugwena Maluleke: Member – Education.
Dr Marcia Socikwa: Member - DDG: University Education (DHET Representative)

“These appointments mark a significant step in strengthening NSFAS as an institution that upholds integrity, accountability, and efficiency in delivering financial aid to deserving students,” Nkabane said.

The Minister reiterated her committed to ensuring that NSFAS fulfils its mandate of making higher education more accessible to South Africans. – SAnews.gov.za
 

 

GabiK
Tue, 02/18/2025 - 15:26
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National Consumer Tribunal fines Cell C  

Location: News

National Consumer Tribunal fines Cell C  

The National Consumer Tribunal has fined mobile network operator Cell C, R500 000, over an international roaming dispute with a client.

This comes after the consumer contacted Cell C on 4 May 2022 and requested an increase of the monthly limit by R2000, to enable the consumer to roam while overseas.

According to the statement issued by the National Consumer Commission (NCC) on Tuesday, the request was activated by an agent of Cell C. However, upon arrival back in South Africa, the consumer was slapped with a bill of R11 265.32.

Cell C’s terms and conditions on international roaming state that “Cell C also cannot guarantee the accuracy of the limits set.”  

“The National Consumer Commission had considered the matter and in November 2023, decided not to refer it to the Tribunal. In this instance, the consumer decided to refer the matter to the Tribunal in line with applicable provisions of the CPA (Consumer Protection Act),” the Commission said.

The Tribunal is an independent adjudicative entity, deriving its mandate from the National Credit Act and various parties can bring cases before the Tribunal including consumers and credit providers.

The CPA aims to promote fairness, openness, and good business practices between suppliers of goods and services and consumers of these goods and services.

In its ruling on this matter, the Tribunal noted that under section 54(1)(b), the respondent must provide its service in a manner and quality that consumers are generally entitled to expect.

“When consumers take the necessary steps to set limits on their accounts, they often do so out of necessity and not enjoyment. They sacrifice the freedom to spend more than the limit but weigh this against the reassurance that they will not be financially prejudiced or become over-indebted,” the Tribunal ruled.

In the judgment issued on 11 February 2025, Cell C was fined R500 000 for contravening sections of the CPA.

Reacting to the ruling, the NCC’s acting Commissioner, Hardin Ratshisusu, said the judgement is significant and provides clarity on how similar matters ought to be approached.

"This ruling clarifies the responsibilities of mobile network operators with respect to international roaming. It is therefore incumbent on mobile network operators to not only communicate their terms and conditions but also ensure that such terms and conditions comply with the Consumer Protection Act,” Ratshisusu said.

The NCC and the National Consumer Tribunal are agencies of the Department of Trade, Industry and Competition.   – SAnews.gov.za

 

GabiK
Wed, 02/19/2025 - 09:05
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NBA Africa and Safaricom’s M-Pesa Launch League’s Most Expansive Youth Development Program in East Africa to Date

Location: Sport
Basketball Africa League (BAL)

NBA Africa and Safaricom (NSE: SCOM- https://apo-opa.co/4gKHaas), the region's leading technology company, on Saturday launched the M-PESA Jr. NBA program that will provide basketball development and financial literacy programming to more than 10,000 boys and girls in Nairobi, Mombasa, Eldoret, and Kisumu, marking the league's most expansive youth development program in East Africa to date.   

The first year of the M-PESA Jr. NBA program, which tipped off with a clinic for more than 100 local coaches at SABIS International School in Nairobi, will consist of four regional tournaments for youth ages 13-16 in Nairobi (Feb. 22-23), Mombasa (March 8-9), Eldoret (March 15-16) and Kisumu (March 22-23). 

In each city, 20 boys' and 20 girls' teams will participate in skills development sessions and competitive games. The top 80 players will then be grouped into four boys' teams and four girls' teams that will play games in a round-robin format. The top 16 boys and girls from each city will be selected to attend an elite top 100 camp at Aga Khan Academy in Mombasa in April.

In addition to the basketball development programming, M-PESA, Safaricom's innovative mobile payment platform, will host financial literacy workshops for the participating youth, empowering them to develop healthy financial habits.

“Tipping off our multiyear collaboration with Safaricom is an important milestone in our ongoing efforts to make basketball more accessible to Kenyan boys and girls,” said NBA Africa CEO Clare Akamanzi. “We look forward to positively impacting youth and coaches across the country through basketball development and life-skills programming.”

“Our collaboration with NBA Africa could not have come at a more opportune moment, as Safaricom's M-PESA will celebrate its 18th anniversary this March, marking a significant milestone in our journey,” said Safaricom CEO Dr. Peter Ndegwa. “Through M-PESA Go, this collaboration transcends beyond basketball. It is driven by a shared vision to create a lasting impact, not only in sports but also in the broader context of youth empowerment. We are committed to nurturing potential, building character, and equipping the next generation with the tools necessary for success. We firmly believe that the association between M-PESA Go and the Jr. NBA program can pave the way for growth and financial health, enabling young athletes to develop their skills and seize opportunities at the next level.”

Distributed by APO Group on behalf of Basketball Africa League (BAL).

About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball.  NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya.  The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, NBA Stores, the BAL, and more.

NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015. The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that will tip off its fifth season in April 2025. Fans can follow @ NBA_Africa (https://apo-opa.co/3ELjWny) and @ theBAL (https://apo-opa.co/3ELjWE4) on Facebook, Instagram, X and YouTube.

About Safaricom:
Safaricom is the leading telecommunication company in East Africa. Our purpose is to transform lives by connecting people to people, people to opportunities, and people to information. We keep over 45.9 million customers connected and play a critical role in the society, supporting over one million jobs both directly and indirectly while our total economic value was estimated at KES 393 billion ($3.1 billion) for the 12 months through March 2022.

Listed on the Nairobi Securities Exchange and with annual revenues of close to KES 335.4 billion as of March 2024, Safaricom provides connectivity through wide range of technology, 2G, 3G, 4G and 5G in aggregate covering over 99% of Kenya's population.

Safaricom is an equal opportunity employer, actively recruiting staff from different backgrounds reflecting the communities that we serve. We are committed to equal gender representation at all levels. Our target is to achieve 50:50 senior management gender parity by 2025.

As part of our ongoing commitment to the Sustainable Development Goals (SDGs), we continue to work towards improving energy and resource efficiency in our network and facilities to reduce carbon emissions and our fuel consumption. We remain committed to becoming a Net Zero carbon-emitting company by 2050.

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TNPA to use cutting edge technology to improve its dredging capacity

Location: News

TNPA to use cutting edge technology to improve its dredging capacity

The Transnet National Ports Authority (TNPA) is set to improve its dredging capacity with the installation of a new marine excavator on the Italeni, a Grab Hopper Dredger.

It is used by the ports authority to maintain the promulgated depth of port berths, basin and entrance channels necessary for the safe navigation of vessels in the ports.

The installation of this cutting-edge technology will boost dredging volumes and increase efficiency at South Africa’s commercial seaports.

A marine excavator is a specialised technological machinery that is used to improve dredging operations while ensuring safe and sustainable practises of marine and coastal environments.

With an investment value of R76 million, the newly installed excavator is designed to grab dredged material weighing up to 2000kg at a radius of at least 20 meters. 

The upgrade will enable the Italeni to efficiently handle dredged volumes of 150 000 cubic meters (m³), a significantly increase from its annual capacity from 94 000 m³.

The upgrade replaces the excavator fitted in 2014 that has reached its operational lifespan. This feature bolsters berth availability to meet the increasing demand of larger vessels calling into South African ports.

"The Italeni upgrade enables TNPA’s strategic intent of creating a smart port system through harnessing innovation and technology. 

“Coupled with enhancing the dredger’s capability to dredge the ports to the required depth, the new marine excavator will ensure that our waterside infrastructure remains competitive by improving TNPA’s customer service offering," said Phyllis Difeto Acting TNPA Chief Executive.

Italeni is the only dredging vessel in South Africa capable of accessing confined berths and quay walls, distinguishing the craft from the rest of TNPA’s dredging fleet necessary for maintenance work.

Through its Dredging Services business unit, TNPA is actively optimising port depth to ensure the provision of commercially viable berths to its shipping and terminal operation customers.

The installed machinery adheres to the Safety of Life at Sea (SOLAS International Convention for the Safety of Life at Sea, South African Maritime Safety Authority (SAMSA) regulations and the International Convention for the Prevention of Pollution from Ships (MARPOL) legislation regarding carbon emissions. – SAnews.gov.za

 

Edwin
Tue, 02/18/2025 - 10:13
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AfCFTA offers SA businesses unlimited opportunities

Location: News

AfCFTA offers SA businesses unlimited opportunities

The implementation of the African Continental Free Trade Agreement (AfCFTA) offers businesspeople in South Africa unlimited opportunities to grow their businesses and expand their market into the rest of the continent. 

This is according to the Director of Africa Bilateral Economic Relations at the Department of Trade, Industry and Competition (the dtic), Calvin Phume.

Phume was speaking at a workshop that was hosted by the dtic in partnership with the Mpumalanga Department of Economic Development and Tourism and Gert Sibande District Municipality in Ermelo, Mpumalanga, recently.

The purpose of the workshop was to equip the Mpumalanga businesspeople with information that will enable them to take advantage of opportunities presented by the AfCFTA in order to enter the African export market and expand their businesses into the continent.

“The African Continental Free Trade Agreement has created a single market comprising more than 1.3 billion people that businesspeople across the continent can take advantage of.

“This will provide South African companies with new market access opportunities to key markets in the African continent beyond the Southern Africa Development Community,” he said.

Phume said the main objective of the agreement was to eliminate all barriers to trade in Africa to enable the free flow of goods and services across the continent.

“This is meant to allow businesspeople like yourselves to contribute in increasing intra-African trade and investment. Through the Agenda 2063: The Africa We Want, African leaders have set themselves an ambition of increasing intra-Africa trade from the current 17% to 81% by 2035,” Phume said.

He stressed that the agreement emphasises harmonisation of trade regulation in the continent, value-addition, economic inclusion, industrialisation and beneficiation.

“These open up a myriad of opportunities for your companies to increase production and create jobs for women, youth and people with disabilities in order to service the huge market that has been created by the AfCFTA. 

“This is your chance to grow your businesses by tapping into the expansive African market, increase your exports, increase your revenue, and contribute positively in growing the intra-African trade and investment,” he said.

Phume advised businesspeople to set themselves realistic ambitions when they venture into the rest of Africa, as the imposing size of the market created by  the free trade agreement offers huge benefits and rewards, but could also be challenging and daunting for their small businesses.

“It is important that you conduct a thorough research and study of the market you intend entering because the fact that there are 55 countries means that each market has its own dynamics related to business environment and culture, infrastructure, logistical requirements, as well as norms and standards. 

“It is always advisable to partner with a local company that can assist you to navigate the regulatory challenges and other hurdles. This will enable you to transform obstacles into opportunities that will be profitable and rewarding to your business,” advised Phume. – SAnews.gov.za

 

Edwin
Mon, 02/17/2025 - 08:42
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Govt calls for collective effort to boost STEAM education

Location: News

Govt calls for collective effort to boost STEAM education

The Deputy Minister of Science, Technology and Innovation, Nomalungelo Gina, has called for collective effort to improve science, technology, engineering, arts, and mathematics (STEAM) education in schools across South Africa. 

The Deputy Minister recently opened the second annual Regional STEAM Education Seminar in Johannesburg.

“We need to work together to unlock our country’s immense potential through quality education in STEAM,” said the Deputy Minister.

Gina identified several challenges contributing to the decline in STEM enrolment, including poor resources and infrastructure in rural and township schools, lack of computer labs, and limited access to qualified teachers. 

The Deputy Minister said the need for committed action and collaboration to address these challenges cannot be overstated and called on all stakeholders to unite and work towards a common goal. 

Proposing joint initiatives among all the stakeholders within the national innovation system, the Deputy Minister highlighted the need to include the corporate sector to build industry support for STEM uptake. 

The Deputy Minister has already met with business chambers in KwaZulu-Natal and the Eastern Cape, and they have shown interest in partnering with the government to ensure socio-economic development in the country. 

She also announced plans to pioneer STEM excellence schools in rural areas of each province, which will serve as models of excellence in the 21st century. 

“We need to work together to unlock our country’s immense potential through quality education in STEAM,” she said. 

The two-day seminar is a collaborative effort between the Govan Mbeki Mathematics Development Centre (GMMDC) at Nelson Mandela University, Market Place Academy, Sifiso EdTech, and key industry sponsors Deloitte and the Engineering Council of South Africa (ECSA). 

The department believes this is a testament to the shared responsibility in reshaping the future of STEM education in South Africa’s public schools.

Sifiso Learning Group Founder and CEO Sizwe Nxasana said Africa’s future depends on how well young minds are prepared today.

“STEAM education is not just about numbers and formulas. It is about unlocking critical thinking and problem-solving skills to drive innovation and transformation across our continent,” said Nxasana. 

According to Nxasana, not equipping and supporting educators to inspire and challenge their learners would stall Africa’s progress before it even begins. 

“Continuous support and professional development for educators are crucial to the success of STEM education initiatives,” he added. 

He stressed that the commitment to ongoing support underscores the long-term vision for improving STEM education in South Africa. 

“That’s why upskilling our educators with the latest methodologies, integrating technology, project-based learning, and real-world problem-solving is essential. At Sifiso Learning Group, we are committed to ensuring that classrooms are not just places of learning but incubators for the next generation of African innovators, problem-solvers and leaders,” he emphasised. 

Director of the Govan Mbeki Mathematics Development Centre, Professor Werne Olivier, said the regional STEAM seminar aimed to enhance the quality of learning and teaching in South Africa to align with the evolving future of the workplace. 

“Integrating science, technology, engineering, arts, and mathematics fosters critical thinking and problem-solving in the real world,” said Olivier. 

Known for his passion for mathematics, Olivier added that it was critical to build strong communities of practice among educators, learn from experts in the field, and find opportunities for professional development and other resources. 

Gauteng Department of Education’s Antoinette Nicolaai welcomed the initiative, saying the department was deeply committed to integrating STEM education into the curriculum to ensure that learners are equipped with the knowledge and the skills necessary for the future. 

The seminar equips educators with cutting-edge strategies to drive improved learner outcomes and enhance lesson delivery, student engagement, and professional development. – SAnews.gov.za
 

Gabisile
Sun, 02/16/2025 - 08:40
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