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The Cape Clothing & Textile Cluster (CCTC) is excited to announce the launch of “Origin8: From Start-up to Scale-up”, a programme that is designed to support small and medium-sized enterprises (SMEs) in South Africa’s clothing, textile, footwear, and leather (CTFL) sector. Supported by the City of Cape Town’s Growth Coalitions Branch, the programme is the …
Exploring Personal and Business Storage Options Choosing the right storage solution is essential for managing both personal and business belongings effectively. For individuals, personal storage units can be a sanctuary for items like seasonal decorations, excess furniture, or sentimental keepsakes. These units help maintain organization and protect belongings from damage during periods of non-use. For …
We are proud to announce our opening in Cape Town. Elite Edge blade sharpening service is now available to sharpen and repair edges on kinves and tools. With competitive prices and a mobile service offering we refine dull and damaged edges on your favourite cutting edges. CLICK HERE to submit your press release to MyPR.co.za. …
President Ramaphosa in New York for UN General Assembly
President Cyril Rampahosa touched down on Saturday at the John F. Kennedy International Airport in New York, where he will be leading the South African delegation to the 79th Session of the United Nations General Assembly (UNGA) and high-level week.
The President was received by International Relations and Cooperation Minister Ronald Lamola, South Africa’s Permanent Representative in New York Ambassador Mathu Nompozolo and Defence Attachè Brigadier General Richard Maponyane.
President Ramaphosa is expected to address the General Assembly on the opening day, Tuesday, 24 September 2024.
Heads of State and Government are gathering at the UN Headquarters in New York to address the critical challenges and gaps in global governance exposed by recent global shocks.
The summit aims to reaffirm commitments to the Sustainable Development Goals (SDGs) and the UN Charter, while enhancing cooperation and laying the foundations for a reinvigorated multilateral system.
According to the Presidency, this year, the African group presides over the General Assembly, with former Prime Minister of Cameroon, Philemon Yang, elected as President of the 79th Session.
“The theme identified by the President of UNGA79 is, ‘Unity in diversity, for the advancement of peace, sustainable development and human dignity for everyone everywhere’.”
The issues on which President Ramaphosa will focus on during his engagements in New York include the necessity for the maintenance of international peace and security.
He will also zoom in on the SDGs and the implementation of the 2030 Agenda, climate change and the upcoming COP29 in Baku, financing for development, and health and pandemic preparedness.
Today, President Ramaphosa will take part in the UN Secretary-General’s flagship High-Level Summit of the Future (SoTF), which, at its conclusion, is expected to adopt a Pact for the Future (PFTF).
While in New York, President Ramaphosa will also engage business leaders as part of the drive to attract foreign direct investment for South Africa, his Office said. – SAnews.gov.za
Gabisile
Sun, 09/22/2024 - 16:03
As South Africa continues to urbanize at a rapid pace, the demand for efficient storage solutions is growing exponentially. This surge is driven by the decrease in available living space, an uptick in small business ventures, and the general need for more organized environments. This article delves into the burgeoning storage industry, examining the various …
SIU welcomes extradition of Michael Lomas
The Special Investigating Unit (SIU) has welcomed the extradition of entrepreneur Michael Lomas concerning Eskom's R745 million Kusile power plant allegations of fraud, unauthorised rewards, corruption and money laundering.
Lomas was arrested in April 2021. He is one of five accused of the alleged crimes.
READ | Former PRASA engineering head's sentence a blow against corruption
His co-accused are former Eskom Group Executive for Group Capital Division, Abram Masango; former Eskom Senior Manager for Group Capital Division, France Hlakudi; the owner of Tubular Construction Project Antonio José Trindade, and the owner of Babinatlou Business Services Hudson Kgomoeswana.
The arrests follow an intensive investigation by the SIU at Eskom, which uncovered evidence of criminal actions involving five accused individuals. This evidence, gathered under the SIU Act, was referred to the National Prosecuting Authority (NPA) and the Directorate for Priority Crimes Investigation (Hawks) for further action.
“The investigation, initiated in 2018 under Proclamation R11, focuses on Eskom's procurement and contracting processes and related payments.
“The SIU applauds the diligent work of the NPA’s Investigating Directorate, Hawks and international partners, whose collaboration has led to this critical milestone.
“The SIU will continue to support the prosecutorial process and ensure that all individuals implicated in corruption are brought to justice in accordance with the law.
“This extradition is part of implementing the National Anti-Corruption Strategy, which sees law enforcement agencies coming together to eradicate corruption in South Africa and ensure the continued cleaning up of State-owned Entities, like Eskom, from corruption,” said the SIU. – SAnews.gov.za
Gabisile
Sun, 09/22/2024 - 16:21
President Ramaphosa arrives in New York for UN General Assembly
President Cyril Rampahosa touched down on Saturday at the John F. Kennedy International Airport in New York, where he will be leading the South African delegation to the 79th Session of the United Nations General Assembly (UNGA) and high-level week.
The President was received by International Relations and Cooperation Minister Ronald Lamola, South Africa’s Permanent Representative in New York Ambassador Mathu Nompozolo and Defence Attachè Brigadier General Richard Maponyane.
President Ramaphosa is expected to address the General Assembly on the opening day, Tuesday, 24 September 2024.
Heads of State and Government are gathering at the UN Headquarters in New York to address the critical challenges and gaps in global governance exposed by recent global shocks.
The summit aims to reaffirm commitments to the Sustainable Development Goals (SDGs) and the UN Charter, while enhancing cooperation and laying the foundations for a reinvigorated multilateral system.
According to the Presidency, this year, the African group presides over the General Assembly, with former Prime Minister of Cameroon, Philemon Yang, elected as President of the 79th Session.
“The theme identified by the President of UNGA79 is, ‘Unity in diversity, for the advancement of peace, sustainable development and human dignity for everyone everywhere’.”
The issues on which President Ramaphosa will focus on during his engagements in New York include the necessity for the maintenance of international peace and security.
He will also zoom in on the SDGs and the implementation of the 2030 Agenda, climate change and the upcoming COP29 in Baku, financing for development, and health and pandemic preparedness.
Today, President Ramaphosa will take part in the UN Secretary-General’s flagship High-Level Summit of the Future (SoTF), which, at its conclusion, is expected to adopt a Pact for the Future (PFTF).
While in New York, President Ramaphosa will also engage business leaders as part of the drive to attract foreign direct investment for South Africa, his Office said. – SAnews.gov.za
Gabisile
Sun, 09/22/2024 - 16:03
As Africa's energy sector continues to grow, a new generation of women is breaking barriers and redefining leadership in this critical industry. The African Energy Chamber (AEC) (www.EnergyChamber.org) proudly announces the 2024 edition of the 25 Under 40 Energy Women Rising Stars – a group of outstanding individuals whose innovation, perseverance and passion are transforming the landscape of African energy. These trailblazers are not only reshaping a traditionally male-dominated field but are also playing a vital role in the journey to end energy poverty by 2030. The AEC proudly honors these women as they lead the charge toward a more sustainable and equitable energy future.
In alphabetical order:
Amena Bakr, Senior Research Analyst, Energy Intelligence
Amena Bakr is a Senior Research Analyst at Energy Intelligence. Specializing in the energy transition, corporate strategy and market analysis, Bakr leads insights on oil markets, OPEC policies and political trends in the Middle East and Gulf Arab region. Her previous roles include Chief OPEC Correspondent and Dubai Deputy Bureau Chief, where she earned accolades such as the OPEC Award for Best Journalist and the IAEE Excellence in Written Journalism Award. Bakr holds a BA in Business Administration from the Arab Academy for Science, Technology & Maritime Transport, Egypt.
Amoetsoe Mkwena, Senior Associate, Watson Farley & Williams (Middle East)
Amoetsoe Mkwena is a Senior Associate at Watson Farley & Williams, specializing in energy and infrastructure with a focus on Africa. She advises on international projects, including the $15 billion Simandou project in Guinea. Mkwena's expertise includes power, renewables, oil and gas, and mining. Her legal skills and ability to bridge cultural divides make her a key player in Africa's energy sector.
Asha Amani, General Manager, INTERAFCON
Asha Amani is the General Manager at INTERAFCON, where she blends strategy and leadership to drive growth in complex energy projects. With seven years in Industrial Engineering and five years in the energy sector, Amani excels in business strategy, opportunity identification and project management. Her previous role as a Business Development Consultant at Tetco Consulting focused on delivering tailored solutions for the energy, engineering, and construction sectors.
Blandine Biaou, Geological Engineer, Head of Research and Prospection Department, SNH-Benin
Blandine Biaou, Head of the Research and Prospection Department at SNH-Benin, specializes in hydrocarbon exploration. She has optimized Benin's energy sector through resource management and contract revisions. Biaou has developed a modern data center and interactive database, contributing to national projects and representing Benin in international conferences, positioning it as a hydrocarbon hub.
Charné Hollands, Deputy Editor, Energy Capital & Power
Charné Hollands is the Deputy Editor at Energy Capital & Power, the leading investment platform for the African energy sector. She produces content on the entire energy value chain in Africa, with a focus on oil, gas, renewable energy and energy policy. Hollands holds a Master's in Media Studies from the University of Cape Town and has co-authored African Energy Chamber: Road to Recovery.
Emokiniovo Dafe-Akpedeye, Managing Partner, Compos Mentis Legal Practitioners
Emokiniovo Dafe-Akpedeye, a leading dispute resolution lawyer, specializes in complex oil and gas cases. She has represented Shell Petroleum and serves as company secretary for the Ebendo Host Community Trust Board. With degrees from Oxford and Bristol, she shapes oil and gas law and is implementing digital solutions to streamline board operations.
Fatimat Adenike Olanrewaju, General Field Engineer, SLB
Fatimat Adenike Olanrewaju, a Chemical Engineering graduate, is a General Field Engineer at SLB, focusing on wellhead installations and emissions reduction. She excels in a male-dominated field and leads community service through SLB's SEED initiative, advocating for gender diversity and mentoring.
Gracia Munganga, Senior Technical Advisory, ABT Global
With a Master's degree in Chemical Engineering from the University of Cape Town, Gracia oversees operations for the company, which has been designing and commissioning solar PV systems across sub-Saharan Africa since 2018. Her career includes roles at GreenCape, Anaergia Africa, the Climate Innovation Centre South Africa (CIC-SA), and the Carbon Trust.
Ifeoma Adeoye, CEO, IMSE Energy Resources Limited
Ifeoma Adeoye, CEO of IMSE Energy Resources Limited, leads the company in EPCI services and innovative crude evacuation technology. A graduate of the University of Manchester and Warwick, she also founded Business Nest Investments and BNI Insurance Brokers Limited, to empower and protect people and businesses through microfinance and insurance.
Jamilla Massamba, Health Safety and Environment Manager, SLB Congo
Jamilla Massamba, Health, Safety & Environment Manager at SLB Congo, leads HSE initiatives across Africa. With a Master's in Environmental Management Sciences, she has conducted over 100 audits and received awards for her work. Massamba also mentors young women in STEM and leads green energy projects.
Janice Faria, CEO, Enagol: Energias de Angola
As CEO of Enagol, Janice Faria has elevated the company's national and international profile. Under her leadership, Enagol competes globally and services International Oil Companies, setting a precedent for local enterprises in the global market.
Jocelyne Machevo, Communication, Commercial & Marketing Manager, Vivo Energy Mozambique
Jocelyne Machevo, formerly with Eni Mozambique, played a key role in the Coral FLNG Project and led the company's local brand transformation. Now at Vivo Energy Mozambique, she focuses on energy transition and decarbonization projects.
Lilian Kamanja, Electrical Engineer, Kenya Power
Lilian Kamanja is a Renewable Energy Specialist at Kenya Power with over nine years of experience in electrical engineering, network operations, and renewable energy development. She holds a BSc from the University of Nairobi and an M.Tech from IIT Delhi, focusing on renewable energy projects that enhance power accessibility and reliability.
Kanni Touray, Deputy Director General, Petroleum Commission, The Gambia
Kanni Touray, The Gambia's youngest and first female Deputy Director General at the Petroleum Commission, has enhanced the organization's efficiency and visibility. She champions sustainable development and energy transition, positioning The Gambia as a growing player in the global energy market.
Lizette Bouddhou, Human Resources Manager, SLB Congo and Gabon SLB
Lizette Bouddhou, HR Manager at SLB Congo and Gabon, drives diversity and workforce development. She leads recruitment and training initiatives, boosts employee engagement, and advances community outreach through educational partnerships, supporting women in STEM.
Maggie Mutesi, Managing Editor, Mansa Media
Maggie Mutesi is the Managing Editor at Mansa Media, with over 15 years of experience in major media outlets including CNN, BBC and CNBC. Her reporting spans over 30 African countries, focusing on trade and investments. At the BBC, she managed BBC Africa's daily live program, Money Daily. Mutesi has also extensively covered the Africa Continental Free Trade Agreement, working with the African Union and Afrochampions Initiative to enhance awareness among Africa's private sector.
Marilia Sitoe, Subsea Engineer, Eni Rovuma Basin
Marilia Sitoe, a Subsea Engineer at Eni Rovuma Basin, focuses on optimizing Mozambique's gas sector. Her work includes deep-water gas production and subsea infrastructure for Coral South FLNG. Sitoe's research supports Mozambique's economic growth and sustainability goals.
Mervin Azeta, Engineer, SLB
Mervin Azeta, a leader at SLB, has advanced from field engineer to corporate strategist. Recognized for her impact on African communities and the global industry, she is active in non-profit boards and connects young Africans with top leaders, fostering learning and inspiration.
Munolwisho Elizabeth Ipangelwa, Green Hydrogen Advisor, GIZ
Munolwisho Elizabeth Ipangelwa, Green Hydrogen Advisor at GIZ, advocates for women in oil and gas and green hydrogen development in Namibia. She has educated over 200 Namibians and leads green industrialization studies to boost local industries and reduce youth unemployment.
Ozioma Agu, Partner, Stren & Blan Partners
Ozioma Agu, a Partner at Stren & Blan Partners, excels in high-profile energy and infrastructure transactions. Her work includes advising on Mobil and Shell divestments and renewable projects. Agu has earned awards for her expertise in oil and gas and green hydrogen.
Pauline Murari, Contracts Manager SLB Angola, Central and East Africa
Pauline Murari, Contracts Manager at SLB, is known for her negotiation skills and leadership. She has driven growth in SLB's regional portfolio and contributed to projects like the East African Crude Oil Pipeline. Murari supports STEM education and local development.
Pearl Enyam Akosua Akude, Business Line Job Delivery Lead, SLB
Pearl Enyam Akosua Akude, with over 35 wells drilled, is a leader in the energy sector. She handles complex projects, trains engineers, and has contributed to innovations like TerraSphere and Net Zero Development in Africa, impacting the region's energy landscape.
Rita Bagaine Kagoro, Talent Acquisition Manager SLB: Angola, Central and East Africa
Rita Bagaine Kagoro, a Ugandan Petroleum Engineer, has seven years of experience and holds degrees from China University of Petroleum and Delft University of Technology. Her roles include Measurements and Logging While Drilling Engineer and Drilling Product Engineer. Kagoro has innovated drilling technologies to enhance efficiency and reduce CO2 emissions. She is passionate about leadership, mentorship, and advocating for diversity in hiring and women in energy.
Tania Silva, CEO, Angola LNG Marketing
Tânia Silva is the CEO of Angola LNG Marketing, the company's first female and youngest CEO. She oversees LNG sales, liquids contracts, and the shipping fleet. Previously, Silva was Head of Non-Operated Assets at Sonangol Gás e Energias Renováveis, S.A., where she managed non-operated assets and contributed to renewable energy projects. Her career is marked by leadership and innovation in the energy sector.
Tokollo Matsabu, Women Leader in Energy & Climate Fellow, Atlantic Council
Tokollo Matsabu is a 2024 Women Leaders in Energy and Climate Fellow and Director at Patlong Advisory, a consulting firm focused on energy programs and carbon sequestration in Africa. She is pursuing an MS in Global Energy and Climate Policy at the University of London's School of Oriental & African Studies, with a focus on critical minerals. Matsabu has a background in financial journalism and has conducted risk analyses for various stakeholders in the Global South. She holds a Bachelor's degree in International Relations, Media and Writing from the University of Cape Town.
Distributed by APO Group on behalf of African Energy Chamber.
Supporting clients operating in the CEMAC region, trusted legal adviser Daoudou Mohammad has been appointed as Director of Tax & Legal at CLG's Pointe-Noire office (www.CLGGlobal.com). Mohammad brings a wealth of demonstrated expertise that will be instrumental to the law firm's Africa-wide practices, as the Republic of Congo and wider Central African region sees rapid growth in the energy sector.
Mohammad holds over 15 years of experience in business and tax law, developing a solid competence in handling complex legal issues and providing effective client support. Prior to joining CLG, Mohammad served as Senior Manager at PwC's Tax & Legal Department in Pointe-Noire, managing the tax and legal coordination center for Francophone African countries, supervising quality and risk management operations, ensuring legal due diligence and supervising restructuring operations for groups of companies – including mergers and acquisitions and company transfers – among other key responsibilities.
Having also held a managerial role at PwC's South Africa office, Mohammad maintains an in-depth knowledge of different international systems and compliance with the highest standards of practice and service delivery, adapting to varied legal and cultural environments. Specializing in business, tax and labor law, as well as foreign exchange regulations and intellectual property, his multidisciplinary background represents a major asset to CLG and will enable the provision of integrated solutions to client needs and up-to-date advice on the latest legislative and regulatory developments. Mohammad holds a dual Master's Degree in Intellectual Property Law and Business Law from Cameroon's University of Yaoundé II.
The Republic of Congo is in the midst of a major investment drive, as it aims to accelerate oil and gas exploration and transform into a major LNG hub on the back of multiple large-scale LNG export projects and new exploration and appraisal drilling activities. To attract further investment and streamline regulatory processes, the country is launching a comprehensive gas code, recently approved a new Gas Master Plan led by national oil company Société nationale des pétroles du Congo, and plans to establish a dedicated national gas company. As a result, specialized tax, legal and regulatory advisory expertise is needed by companies operating in the Congo to navigate evolving energy sector legislation.
CLG represents an experienced team of legal professionals, offering an in-depth understanding of African markets and a flexible and innovative approach to meeting the diverse needs of its clients. Serving as the preferred professional services partner in Africa, CLG is equipped to offer on-the-ground support across multiple sectors and has a rich history of spearheading transformative oil and gas transactions across the continent, providing top-tier legal services and strategic advice to clients across the energy spectrum, and guiding clients through complex regulatory landscapes and contractual negotiations. In addition to the Republic of Congo, CLG operates in South Africa, Nigeria, South Sudan, Mauritius, Ghana, Cameroon, Equatorial Guinea, Mozambique and Germany.
“Navigating local laws, including taxation on oil and gas revenues, production-sharing agreements, and environmental regulations, demands thorough understanding to ensure compliance and optimize returns. We are excited to have Daoudou Mohammad head up CLG's tax and legal services in Pointe-Noire, who offers expert guidance on mitigating risks, avoiding costly legal disputes, and ensuring that investments are structured to meet both local obligations and international standards,” states Zion Adeoye, CEO of CLG.
Distributed by APO Group on behalf of CLG.
President Cyril Ramaphosa will lead the South African delegation to the 79th Session of the United Nations General Debate and High-Level Week (UNGA79) in New York from 21-24 September 2024.
This annual gathering of world leaders is the most important event on the UN calendar, with Heads of State and Government and Heads of International Organisations discussing global challenges and how to address these challenges in the best interest of humanity.
This year, the African Group presides over the General Assembly, with Mr Philemon Yang, former Prime Minister of Cameroon, elected as President of the 79th Session.
The theme identified by the President of UNGA79 is, "Unity in diversity, for the advancement of peace, sustainable development and human dignity for everyone everywhere.”
President Ramaphosa is expected to address the General Assembly on the opening day, Tuesday, 24 September 2024.
Among the issues on which President Ramaphosa will focus on during his engagements in New York include the necessity for the maintenance of international peace and security; the Sustainable Development Goals (SDGs) and the implementation of the 2030 Agenda; climate change and the upcoming COP29 in Baku; financing for development, and health and pandemic preparedness.
President Ramaphosa will take part in the United Nations Secretary-General's flagship High-Level Summit of the Future (SoTF) on 22 September 2024, which, at its conclusion, is expected to adopt a Pact for the Future (PFTF).
While in New York, President Ramaphosa will also engage business leaders as part of the drive to attract foreign direct investment for South Africa.
Ministers accompanying the President include Mr Ronald Lamola, Minister of International Relations and Cooperation; Ms Maropene Ramokgopa, Minister in the Presidency responsible for Planning, Monitoring and Evaluation; Dr Aaron Motsoaledi, Minister of Health; Dr Dion George, Minister of Environment, Forestry and Fisheries and Mr Parks Tau, Minister of Trade, Industry and Competition.
Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.
Cabinet notes water supply disruptions in Gauteng
Cabinet has, according to Minister in the Presidency Khumbudzo Ntshavheni, noted existing water supply disruptions in Gauteng and in some Free State municipalities that are not related to the Lesotho Highlands tunnel closure.
“We further noted that the DWS [Department of Water and Sanitation] has supported municipalities to engage stakeholders in relation to the closure of the Lesotho Highlands tunnel,” the Minister said.
She was addressing the media on Friday, regarding the outcomes of the Cabinet meeting held on Wednesday.
“Cabinet further noted that in Gauteng, rapid population growth, lack of infrastructure maintenance, lack of enforcement of by-laws and delays in the implementation of phase 2 of the Lesotho Highlands project have contributed immensely to the current water disruptions.
“However, the completion of phase 2 of the Lesotho Highlands project will bring relief if supplemented by water demand management interventions, use of new water-saving technologies and proper maintenance of infrastructure.”
Cabinet had at its ordinary meeting this week been briefed on the closure of the Lesotho Highlands Water Project’s tunnel for planned maintenance from 1 October 2024 to 31 March 2025.
The Minister said Cabinet believed the planned maintenance work was crucial to protect the infrastructure for another 20 to 30 years and failure to undertake this work would risk the transfer of water to the Integrated Vaal River System (IVRS), which provides the water supplied by Rand Water to its customers and all municipalities in Gauteng.
The Minister said a thorough analysis to assess the risk to the performance of the IVRS, which consists of 14 interconnected dams, have since been undertaken by the DWS.
“The analysis confirmed that the impact of the tunnel closure on the overall IVRS will be minimal as most dams in the IVRS are currently full.”
Meanwhile, she said the Cabinet noted the department had been holding readiness meetings with Free State municipalities which receive water from the Liebenbergsvlei River since 2022.
The purpose of these meetings is to mitigate the risks of service interruptions during tunnel maintenance.
“However, delays by municipalities to upgrade and/or refurbish their infrastructure remains a challenge. Cabinet noted that the DWS will monitor and where necessary, intervene to support these municipalities.”
Water restrictions in Gauteng
Shifting her focus to the implementation of level 1 water restrictions in Gauteng, she explained that this was a result of Rand Water reaching its maximum water output on the IVRS.
“Water demand in Gauteng continues to grow because of population growth, increase in non-revenue water in municipal systems, including illegal and unbilled connections, and lack of maintenance resulting in huge water leaks, which are at 33% average across Gauteng municipalities.”
Currently, Ntshavheni said, the peak demand for water from Rand Water’s municipal customers is close to and occasionally exceeds the supply available from its treatment plants and storage reservoirs.
“To avert greater restrictions Gauteng municipalities must prioritise reducing water leaks in their water distribution systems and enforce water-use restrictions.”
Ntshavheni announced that the DWS, Rand Water and Gauteng municipalities are partnering with the World Bank 2020 Water Resources Group to implement a mass awareness and communications campaign on using water sparingly, in collaboration with civil society and business leaders. – SAnews.gov.za
Gabisile
Fri, 09/20/2024 - 14:18
Cabinet hails progress in fight against crime with Operation Shanela
Cabinet has welcomed progress being made in the fight against crime through Operation Shanela, which continues to make its mark in rooting out criminality.
“Between 2 and 8 September 2024, law enforcement agencies arrested 13 691 suspects for serious crimes such as murder, rape, possession of illegal firearms and business robberies,” Minister in the Presidency Khumbudzo Ntshavheni said during a post Cabinet media briefing on Friday.
Since its inception in May 2023, Operation Shanela consists of regular stop and searches, roadblocks, vehicle check points, high visibility patrols, including foot patrols, the tracing of wanted suspects with a focus on murder and rape suspects, and compliance inspections at liquor outlets and second-hand goods dealers.
Through detectives and crime intelligence tracing operations, roadblocks, as well as stop and searches - police have taken a bold and decisive approach in protecting the communities that they serve.
Since its launch, Operation Shanela has resulted in the arrest of 850 375 suspects, and seizure of 824 illegal firearms and over 17 282 rounds of ammunition. In addition, drugs worth over R13 million were seized at the OR Tambo International Airport over the past two months, and copper worth over R20 million was recovered from a scrapyard near Durban, with a suspect arrested.
“Through a coordinated multidisciplinary and intelligence-led operations, law enforcement agencies are focused on dismantling extortion syndicates across the country. In the past two weeks, 14 extortionists were arrested in various provinces,” Ntshavheni said.
Restoring Integrity of Law Enforcement Officers
Through a multidisciplinary collaboration, law enforcement agencies have arrested 14 suspects in Mpumalanga on charges of fraud and corruption for issuing illegal learners’ and driver’s licences. Meanwhile, 11 traffic officers were also arrested for soliciting bribes from motorists along the N1 freeway in Limpopo.
“Three off-duty police officers and a civilian were arrested in Durban, KZN, for soliciting a R100 000 bribe from a businessman in exchange for the release of confiscated goods, and four more police officers handed themselves over to the SAPS on the same case,” the Minister said.
Furthermore, eight suspects were arrested for alleged involvement on tender fraud and corruption amounting to R850 million in the City of Cape Town, Western Cape. – SAnews.gov.za
DikelediM
Fri, 09/20/2024 - 14:11
Businesses say the lack of clarity around ESG and AI regulation is a key challenge to realising the benefits of technology and innovation; Despite recognising the business opportunity with AI, as firms opt to bring in suppliers rather than recruiting in-house specialists, they may be left without the internal talent - risking falling behind the curve in the future.
New survey data from global law firm, DLA Piper, has shown that the Financial Services (FS) sector is calling out for clearer and proportionate regulations surrounding AI and ESG to help them realise the benefits these trends offer.
In its global report - Financial Futures: Disruption in global financial services (https://apo-opa.co/3zhzr4e), published today, the firm found that eight in ten respondents are optimistic about future industry growth prospects for the financial services industry. UK and US organisations reported the highest confidence (93% and 90% respectively) with Africa remaining more cautious (50%).
Amongst organisation types, the research finds that banks are the most optimistic (88%), with optimism being driven by digitalisation and advancements in technology. Respondents from global FinTechs however, are feeling the least positive (72%).
The high levels of optimism are being attributed to advancements in technology (71%), the launch of new products and services to drive growth (55%) and changing consumer and investor behaviours (38%).
However, clarity and a proportionate approach is key as 58% of respondents cite regulation complexity around technology as a key challenge globally, and nearly three quarters (73%) go on to say that current regulations stifle innovation efforts.
For those looking at other locations for optimal conditions for growth , the US is seen as the most attractive market (35%), followed by the EU (24%). South African and Middle Eastern respondents are the most optimistic for the positive impact AI will bring (72%, and 64% respectively), highlighting an appetite for investment, despite apparent lower levels of confidence in the local market.
AI and Digitalisation will transform the financial services sector, but businesses need a plan
Whilst the majority of respondents (86%) believe that AI will transform the sector, half (53%) see AI as one of their main challenges- even so, only four in ten (both 39%) are committed to hiring experts in the field of AI and imposing governance /oversight structures to maximise the related opportunities; and half of the companies surveyed lack in-house specialists and are opting to work with specialist subcontractors.
Without this internal talent, businesses risk falling behind the curve in the future.
Ethical AI concerns are highly documented, yet only 56% of the organisations surveyed are developing ethical frameworks to guide their efforts. Without an ethical framework in place, businesses put themselves at risk of not meeting stakeholder, customer and board demands around AI deployments. It is vital for businesses to have a clear plan and direction in place before they start their AI journey.
Despite not having frameworks to use, businesses report a clear understanding of the benefits AI can offer, such as managing regulatory compliance (63%); followed by fraud detection and prevention (62%). A fifth (21%) of businesses are worried about compliance issues as they look to manage the cyber security and data protection risks associated with AI.
The importance of ESG cannot be understated
As businesses grapple with changing ESG regulations across multiple jurisdictions, nearly (46%) half of businesses globally have ambitions to position themselves as a leader and innovator on sustainability and ESG.
The appetite to drive ESG agendas forward is clear, but businesses report concerns on achieving their goals - over half of respondents (56%) would like to see more ESG regulation to support them in meeting their objectives, and 43%% want to understand the current regulations better.
Businesses seem clear on the ESG challenges they need to navigate, with half stating that the reputational risk of ESG positioning is their biggest challenge, followed by integration of ESG throughout the business (47%). Businesses also ranked accurate reporting as a challenge which they are struggling to address.
The negative external reputational risk of not complying with and need to comply with regulations are the biggest drivers for firms to engage in ESG activities (70% and 52% respectively). However, pressure from shareholders and senior management ranked lowest at 36% and 34% respectively.
As the sector engages with ESG activities, almost 6 in ten (57%) plan to develop new ESG-focused products and services, and half are developing new technologies, yet staff development and training to optimise ESG efforts remains low on the agenda (17%).
Almost half of the sector has ambitions to position their business as an ESG leader, whilst a third (34%) plan to replicate successful approaches by their peers. Not all organisations are so proactive - A fifth (19%) will wait until stakeholders and customers demand an approach, before making any decision.
Mark Dwyer Global Co-Chair of the firm's Financial Services sector group at DLA Piper commented: "While our survey shows a high level of optimism within the financial services sector, our research reveals a need for FS organisations to go further in planning around resourcing and regulatory horizon scanning in order to navigate the opportunities that AI and other new technologies offer.
"It is clear that ESG factors are driving changes to activity in financial markets; from financing the enormous capital requirements for transition, to ensuring accurate reporting of environmental, social and governance metrics to facilitate choice for investors and supervision and stress-testing by regulators. It is therefore vital that leaders take note of the challenges and opportunities presented by ESG and define a clear plan. Both ESG and innovation will be key to business success long into the future."
Johannes Gouws, Country Managing Partner, DLA Piper South Africa added: "In light of the challenges our report identifies, financial services organisations are placing a higher focus on horizon scanning, as well as mapping out global regulatory implications. Balancing adequate and over-regulation in developing markets is always challenging. However, it is crucial for regulations in African markets to keep pace with international developments in order to limit regulatory arbitrage and protect the sector's integrity. Proportionate regulation in the sector is key, and can be a competitive advantage in attracting business and investment. With DLA Piper's pan-African and global reach, we can help clients to simplify their cross-border challenges whilst supporting their resilience in the face of constantly changing risks."
Distributed by APO Group on behalf of DLA Piper.
Notes to editors:
DLA Piper commissioned Coleman Parkes Research to canvass views of key decision-makers in global financial services organisations across the EMEA and APAC regions and North America. Nearly 800 interviews were conducted online in March and April 2024 with executives in key businesses across banking, funds and fund managers, fintech and financial services market infrastructure firms with revenues from USD1 million.
Contact:
Suraj Mashru
Senior PR Manager (UK & International), DLA Piper
+44 (0) 207 153 2617
Suraj.Mashru@dlapiper.com
About DLA Piper
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An innovative payments and loyalty solution to expanding to a global market. Industry giants, Brian Dunne, based in the UK, and Debbie Ghillino, based in South Africa were so impressed with the value proposition and the potential of the technology created by Australian based Elevate Loyalty Pty Ltd, they have invested and joined forces to …
The Western Cape's permanent delegates to the National Council of Provinces (NCOP) expressed satisfaction and commended the efficient implementation of social housing projects to residents by the Western Cape Provincial Government's Department of Infrastructure and the City of Cape Town.
The delegation said some of the social housing projects are a great example of effective intergovernmental collaboration and public-private partnerships which provide decent and dignified accommodation.
While briefing the delegation on, the City of Cape Town reported that ten affordable social housing projects, totaling 4 849 residential units, have been completed between 2017 and 2024. According to the City, six more land parcels have been awarded as part of the land release program for affordable mixed social housing, out of which 4 268 housing opportunities are expected to be completed by 2028.
The delegation heard that more land parcels are at planning and release stage and are expected to provide approximately 20 000 housing opportunities in future.
The delegation conducted site visits to three of the recently completed social housing projects on Wednesday. It was impressed by the Conradie Better Living Model Exemplar Project in Pinelands which has 1004 affordable rental units ranging from R740 a month for a bachelor unit. It was built on the land belonging to the Passenger Rail Agency of South Africa (PRASA) and has more tenants living in the vast precinct than the total population of Pinelands.
The delegation also commended the Maitland Mews development which boasts 204 social housing units developed to curb the City's dire need for centrally located social housing residences. At a total development cost of R95 953 055, monthly rental ranges from R650 for a bachelor to at least R4 900 for a two-bedroom unit.
Other features include nine business training units which are also used as meeting venues, play areas for children, and 24-hour security with biometrics fingerprint access and CCTV cameras.
The delegates also braved the rain and inclement weather on their third site visit of the day. They inspected the Goodwood Station Social Housing Project which began tenanting its 1055 units in December 2023 and August 2024 respectively. Water and bulk services are fully subsidized, and tenants also benefit from the indigent electricity subsidy.
The delegation and SALGA representatives quizzed the City on what seem like stringent and exclusionary letting procedures, and recommended a more inclusionary approach to benefit more people. The City currently has 410 000 applicants on its waiting list of indigent people needing social housing.
The leader of the delegation, Mr Rikus Badenhorst, said other municipalities could benchmark the City's delivery model in managing strategic intergovernmental cooperation and private-public partnerships that enable development.
Meanwhile the department cautioned that lack of funding, cross-subsidy and political support may hamper the delivery of similar projects that are currently at planning phase. The department indicated that similar projects are currently underway in Oudtshoorn, George, Knysna, Worcester, Stellenbosch and in other areas across the province.
The City recommended exploring alternative funding mechanism for affordable housing beyond government subsidies which may not be sustainable in future. The City also suggested the devolution of the Consolidated Capital Grant funding to municipalities for localized administration.
Mr. Badenhorst said the delegation will consolidate all recommendations and report back to the NCOP at the end of the oversight programme. The delegates will reconvene at the Western Cape Provincial Parliament Chamber this morning to turn their focus towards the province's disaster management systems.
Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
In celebration of Heritage Day, Golden Walk Shopping Centre is proud to present a refreshing campaign that embodies the true spirit of South Africa in a unique and meaningful way. This year, we explore a question that resonates with so many of us: “Where do most people find the inspiration and the motivation to rise …
In celebration of Heritage Day, Sammy Marks Square is excited to launch a fresh campaign that captures the essence of South Africa’s vibrant spirit in a unique and inspiring way. This year, we’ve focused on a question that truly resonates with everyone: “Where do most people find the inspiration and motivation to rise above everyday …
In celebration of Heritage Day, The Boulders Shopping Centre is excited to launch a fresh campaign that captures the essence of South Africa’s vibrant spirit in a unique and inspiring way. This year, we’ve focused on a question that truly resonates with everyone: “Where do most people find the inspiration and motivation to rise above …
In celebration of Heritage Day, Stoneridge Centre is excited to launch a fresh campaign that captures the essence of South Africa’s vibrant spirit in a unique and inspiring way. This year, we’ve focused on a question that truly resonates with everyone: “Where do most people find the inspiration and motivation to rise above everyday challenges …
In celebration of Heritage Day, Mall Of The South is excited to launch a fresh campaign that captures the essence of South Africa’s vibrant spirit in a unique and inspiring way. This year, we’ve focused on a question that truly resonates with everyone: “Where do most people find the inspiration and motivation to rise above …
The Auditor-General’s office on Wednesday told MPs that 107 projects were significantly delayed
The search for the country’s hottest screen designs is nearing completion as Nando’s HYD announces its top five finalists for 2024. Kirsty Moolman, Tanisha Neill, Simphiwe Mlambo, Mpumelelo Nyuswa and Walter Train will now participate in an intensive ‘Laboratory of Learning’ before one stand-out candidate is selected to receive ongoing mentorship and business coaching. Facilitated …
Gender equality is contingent on women's economic development
Department of Women, Youth and Persons with Disabilities Director-General, Advocate Mikateko Maluleke, says gender equality is contingent on women's economic development and financial independence.
“Worldwide, history and research has demonstrated that women’s economic empowerment increases their access to economic resources and opportunities including jobs, financial services, property and other productive assets, skills development and market information,” Maluleke said.
She highlighted that for South Africa, this outlook has translated itself in vast areas of development where women are taking the reins and actively contributing to their country’s development agenda.
“South Africa’s economic empowerment mechanisms for promoting the status of women, fully utilising government resources and effectively mobilising social resources lays an important foundation in the promotion of gender equality and women’s development,” Maluleke said.
The DG was speaking on Thursday at the Women for Social Progression session held during the BRICS Women’s Forum currently underway in St. Petersburg, Russia.
The Eurasian Women’s Forum is an influential international platform that enables women leaders from all continents to engage in dialogue and adopt joint decisions on key issues concerning international cooperation, sustainable economic development, the assimilation of new technologies, a healthy lifestyle, environmental safety, and the promotion of social charitable projects.
Maluleke pointed out that shared commitment across all sectors to support, grow, empower, and recognise women leaders not only promotes fairness, but it also improves the performance of state companies and organisations.
She said empowered, inspired, and developed women are critical to improving any country’s global competitiveness and “this is equally the legacy that will be passed over to future generations”.
“Gender equality and empowered women are catalysts for multiplying development efforts and positively positioning the competitiveness of countries as an attractive investment destination.
“Women are architects of society and are revered for their strength in building the family unit and homes, as well as their contributions to the communities, societies and nations,” Maluleke said. She emphasised the importance of integrating digital technologies into all areas of business, changing how economic and social activities are conducted.
While digital technology can bring tremendous opportunities, Maluleke acknowledged that it can also widen socioeconomic gaps for those who lack internet connectivity, affordable devices, or the skills to benefit from digital services.
She said vulnerable people and groups who do not have training in digital skills are equally more susceptible to online risks including fraud, data disclosure, identify theft and cyberbullying.
Maluleke also noted that while the digitalisation of social protection presents immense opportunities for delivering welfare services more efficiently and effectively, it also raises critical challenges related to data protection, data poverty, and bias and discrimination.
“Protecting sensitive data, ensuring privacy through consent, and minimising surveillance risks are crucial for maintaining trust and upholding individual rights. Addressing the digital divide and providing alternative methods for inclusion will ensure that vulnerable groups are not left behind in the transition to digital systems,” the Director-General said. – SAnews.gov.za
GabiK
Thu, 09/19/2024 - 14:27
As South Africans, we’ve always been known for our tenacity and resilience. We face challenges head-on, just like the flames that ignite our braais. Throw anything at us, and we, the people of Mzansi, will stick it out like nobody’s business. This Heritage Day, Nando’s is honouring their indomitable spirit by gifting customers at selected …