business

15 November 2023

Eskom lays out on transmission expansion

Location: News

Eskom lays out on transmission expansion

Eskom Managing Director of Transmission, Segomoco Scheppers, says the power utility is working hard to expand transmission lines and unlock future generation capacity for the power grid “as fast as possible”.

He was addressing the Transmission Development Plan (TDP) Implementation Forum held at the Eskom Academy of Learning on Wednesday.

Previously, the power utility said it needed to augment the transmission network by approximately 14 200km by 2032 to ensure energy security in the country.

“[There] are currently 46 expansion projects in execution, of which 26 will deliver 1 632km of transmission lines, 11 290MVA and enable over 15 000MW of generation capacity. Of these 26 projects, 50% will deliver 890km of transmission lines, 3 290MVA of transformer capacity and enable the safe and reliable operation of over 10 000MW of new generation.

“This includes specifically Medupi and Kusile [power stations] as well as the Garob 267MW project connecting at Kronos substation in the Northern Cape. The other 50%... are in different phases of procurement and will deliver 435km and 8 000MVA, enabling 4 975MW of new generation capacity, mainly in the Northern and Western Cape,” he said.

Scheppers assured the forum that Eskom is “very focused on ensuring that we expand the grid as fast as possible, while safely managing the power system”.

Into the future

Looking into the future of Eskom transmission, Scheppers said Eskom has approved “the execution of R26 billion in capital investment” for transmission, with two priority programmes already in the pipeline to “accelerate the delivery of the transmission infrastructure”.

“These programmes entail, firstly, the development of 25 projects in existing substations… which will unlock 13 000MW of new generation in the next five years; secondly, 22 expedited transmission projects that will unlock 24 000MW of grid connection capacity by 2033.

“We are developing these 47 projects, which have the potential to unlock 37 000MW of grid connection capacity between 2025 and 2033. These projects are at different stages of implementation in terms of design, procurement and construction,” he said.

Scheppers called on all stakeholders to support the power utility in its plans.

“I cannot overemphasise the fact that the successful roll out of our plans will require continued support from all key stakeholders, including relevant authorities unlocking bottlenecks, as well as the market in terms of construction, contractors, suppliers and consultants.

“We are very grateful for the various NECOM [National Energy Crisis Committee] initiatives, which are proving very effective in addressing some of our historical challenges,” he said.

National Transmission Company SA

Scheppers gave the forum an update on the legal separation of Eskom into the Generation, Distribution and Transmission entities.

According to Scheppers, the separation of transmission entity – dubbed the National Transmission Company South Africa SOC Ltd (NTCSA) – is fully underway.

“We are in the process of getting final approval from the Minister of Public Enterprises for the independent board of directors for this new company. A binding merger agreement has already been signed with suspensive conditions to be fulfilled… in order to transfer the current transmission business into the new subsidiary.

“Following the fulfilment of the suspensive conditions, NTCSA will then be operationalised and employees transferred to the new company on the same conditions of service and without disrupting their years of service. We are busy with the lender engagements that are required for us to obtain consent, and these are already at an advanced stage,” he said.

The National Energy Regulator of South Africa (NERSA) has already approved licences for operating the transmission system, trading in electricity, and for import and export.

“The final licences and associated conditions are being finalised and in fact, we expect that we’ll be in possession of these licences before the end of this month,” he said. – SAnews.gov.za

NeoB
Wed, 11/15/2023 - 11:41

535 views

15 November 2023

Handwoven success: Sisters’ journey to AGOA opportunity

Location: News

Handwoven success: Sisters’ journey to AGOA opportunity

Sisters Mo Morongwe Mokone and Michelle Mokone have elevated South Africa’s innovative décor scene by breaking into the lucrative United States of America (USA) market.

However, they are not stopping there and are now planning to grow their footprint beyond the USA and enter new markets, such as Europe and the United Arab Emirates.

The pair are the co-owners of Mo’s Crib, a company that produces a range of handmade home décor products. Their product range includes handwoven baskets, planters, trays, wall art and outdoor items.

Michelle, who is the Operations and Supply Chain Director of Mo’s Crib, said their products are manufactured from unique materials such as ultra-durable polyvinyl chloride plastic, reclaimed from landfills and construction sites throughout South Africa, and various types of grass.

In 2021, the pair decided to take advantage of the African Growth and Opportunity Act (AGOA) – a United States Trade Act which was enacted in May 2000.

AGOA allows 35 qualifying Sub-Saharan countries to export 1 835 tariff lines duty-free to a significant consumer market in the USA.

“We managed to benefit from the AGOA only through our shipping agent. We had already registered and received an export certificate in 2019, and by the time we were ready to export, the certificate came in very useful. It was a relief to learn that we were from an AGOA-benefiting country and that our products will not be subject to any import duties,” Michelle said.

Since 2021, the business has shipped a total of eight containers full of products to the USA.

“We are on track to ship two more containers before the end of 2023. We also regularly ship a container to fulfil our orders for our online store, which is fulfilled through our warehouse in New Jersey.

“Although shipping is relatively expensive, especially for a small business that is 100% self-funded, we have benefited from the AGOA through significant market access. Currently, the USA orders constitute 60% of our overall revenue,” she said.

Taking it back to why they started the business, Michelle said the idea of Mo’s Crib dates back to the 90s when Mo used to make homemade art crafts by crocheting strips of reused plastic bags into rugs.

“The actual business, however, started as a hobby in 2016 when we took part in an annual Christmas market while working full-time in our corporate jobs. The first product sold was Origami Art, which Mo learnt in London, and what we thought would be a slow sale quickly became a phenomenon, selling out within days of the market,” she explained.

“We introduced new products every year for two years until we decided to quit our full-time jobs in 2019 and focused on the business full-time,” she added.

Before starting the business, the Mokone sisters worked full-time in their respective corporate careers. Mo was an executive assistant and a human resource personnel at a corporate firm while Michelle was working as an agricultural economist for a farmer association.

Meanwhile, Michelle was busy completing her master’s in international Trade Law at the University of Bern in Switzerland.

“Our unique skills and qualities have contributed to building the business to where it is and driving growth within the homeware industry,” Mo explained.

Mo’s Crib, which is 100% self-funded from inception, employs 12 full-time staff and 86 artisans. The pair have an internal plan to create 20 new jobs within the next two to three years.

You can contact Mo’s Crib on 0877007161 or email: hello@moscrib.com

Instagram: @mos.crib
Twitter/X: @moscrib
Facebook: Mo’s Crib

LinkedIn: The Alice Group (Mo’s Crib) https://agoa.info/about-agoa.html

DikelediM
Wed, 11/15/2023 - 11:41

442 views

15 November 2023

eThekwini residents urged to apply for city’s debt relief

Location: News

eThekwini residents urged to apply for city’s debt relief

The eThekwini Municipality has encouraged its ratepayers, who are struggling to pay their bills, to apply for the city’s Debt Relief Programme before the year ends.

The city recently reinstated the Debt Relief Programme, which allows ratepayers struggling with their municipal bills to settle their outstanding debt over a maximum period of 36 months.

The programme, which ends on 31 December 2023, is targeting residential and business customers, who are finding it difficult to service their debt to the municipality.

In order to qualify for the relief, the debt must be 90 days or older, and a down payment of 5% deposit for residential and 10% for business customers must be made.

The city’s Head of the Revenue Management Unit, Lihle Ndzelu said, an agreement will be signed and the accumulated interest will be written off.

“Customers have up to 36 months to settle all outstanding debt. Once the arrangement is made, customers have to honour it and if a customer defaults on payment or pays less than the required instalment, all written-off interest will be reinstated,” Ndzelu explained.

Ndzelu said the programme also benefits non-profit organisations, including old age homes and homes for people with disabilities, mental hospitals and Early Childhood Development centres.

“They will be granted a substantial 50% capital debt write-off once they enter into a payment arrangement. This benefit is conditional on these organisations not falling into arrears within a period of 12 months after settling their debts.

“The municipality recognises the severe financial strain that some residents are facing. As a caring city, we must do all we can to alleviate the financial burden on the municipality's valued residents,” Ndzelu said.

The municipality has previously approved and implemented the programme from December 2022 to February 2023, but decided to reinstate it after the customers requested it.

For more information on the programme, customers may approach their nearest Sizakala Centre and provide all supporting documentation when applying for the programme. – SAnews.gov.za

GabiK
Wed, 11/15/2023 - 11:54

372 views

15 November 2023

SA, Qatar bolster relations

Location: News

SA, Qatar bolster relations

President Cyril Ramaphosa has deemed his visit to Qatar as significant, saying it serves as an opportunity to discuss and share views on the recent international developments.

“This visit is very significant, not only as an opportunity to strengthen bilateral relations between our two countries, but also to share views on recent international developments.

“The events in Palestine, and the growing deaths of civilians, particularly children, grieves us all. South Africa supports all efforts to secure an immediate and full ceasefire, with talks on a political solution to address the legitimate aspirations of the Palestinian people for statehood,” President Ramaphosa said.

The President was delivering remarks at the Qatar - South Africa Business Roundtable in Doha, Qatar, on Wednesday.

President Ramaphosa is currently on a two-day State Visit in Qatar at the invitation of His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar.

The visit occurs in the context of three decades of diplomatic relations. The two countries will celebrate the 30th anniversary of establishing diplomatic relations on 11 May 2024. This is President Ramaphosa's first visit to the State of Qatar as Head of State.

President Ramaphosa told the roundtable that while the political relationship between the two countries is strong, much more can be done with each other in areas of trade, investment and economic development.

“For this reason, I am particularly pleased that I have had an opportunity to engage with both the Qatari Business Association and the Qatar Chamber of Commerce earlier. I want to point to five features of the South African economy that offer us the opportunity to build and expand our economic relationship,” he said.

Firstly, the President highlighted that South Africa is Africa’s most industrialised economy with well-established companies.

He told the roundtable that many of these companies are active in the Middle East and Qatar. The President mentioned companies like Sasol in the petro-chemical sector with its advanced technologies and iconic consumer brands such as Nandos and Ocean Basket.

“South African has well developed manufacturing and services sectors. South African agriculture and agro-processing companies are world class, and we can support the Food Security Program of the State of Qatar.

“Beyond these, South Africa is developing its expertise in areas such as pharmaceuticals, the space industry and advanced manufacturing,” he said.

Secondly, the President said South Africa is developing greater market access across the world.

He mentioned that the country has free trade agreements in place with the European Union and the United Kingdom and is about to implement the African Continental Free Trade Area, uniting 54 economies into a large tariff-free market intended to cover 1.3 billion consumers.

In addition, South Africa currently has access to the US market on preferential terms through the African Growth and Opportunities Act (AGOA) and preferential access to certain Latin American markets.

Thirdly, President Ramaphosa emphasised that the African continent has vast resources of critical minerals that will be used as the world embraces cleaner, greener growth.

With Qatar’s experience, technology and capital in the petrochemicals, natural gas and energy infrastructure, President Ramaphosa said government is looking to companies from Qatar partnering with South Africa as it implement its just energy transition.

Fourthly, the President highlighted that the country is embarking on far-ranging economic reforms that provide opportunities for partnerships between foreign investors and domestic firms in South Africa.

He said the energy market is being restructured. The public electricity utility, Eskom, which faced severe challenges, has improved maintenance of its generation fleet and has received debt relief from the State to strengthen its financial position.

“Private energy generation, specifically in renewables, constitutes a growing share of total energy generated. Since the implementation of regulatory changes, the pipeline of private sector generation projects has increased to over 100 projects representing more than 10,000 MW of potential new capacity,” he said.

Fifthly, the President told the business roundtable that the country has a stable legal system, strong protections of property rights, a deep capital market with Africa’s largest stock exchange, and a growing pool of skilled employees.

“South Africa is ready to build partnerships for faster, sustainable and inclusive growth. South Africa is keen to deepen our bilateral relationship with Qatar. We look forward to partnering in sectors such as agro-processing, automotive, aquaculture, manufacturing, hydrocarbons, infrastructure, hospitality and tourism, to mention a few.

“I invite Qatar to join us in developing a portfolio of South African investments that your sovereign wealth fund and your private sector can participate in,” the President said.

President Ramaphosa commended the business delegations from South Africa and Qatar for their engagement, adding that he look forward to successful outcomes. – SAnews.gov.za

DikelediM
Wed, 11/15/2023 - 15:20

464 views

15 November 2023

Kosher Alcoholic Beverages with MK Kosher

Location: MyPR

For those who observe kosher dietary laws, finding alcoholic beverages that fit these strict guidelines is essential. MK Kosher simplifies this process with their detailed Kosher Alcohol and Liquor List, ensuring that choosing a kosher-certified drink is a seamless experience, regardless of where you are in the world. The Essence of Kosher Bar Essentials The …

15 November 2023

MultiChoice Group: Resilient Operational Performance and Significant Progress

Location: Business

MultiChoice Group (MCG, or the group) (www.MultiChoice.com), Africa's leading entertainment company, executed well on its operational objectives during the six months ended 30 September 2023 (1H FY24).

Building on its track record of investing in technology to be ahead of the curve, and to accommodate shifts in consumer video consumption trends to support future growth, the group continued to transition strategically with an increased investment in Showmax, ahead of an exciting re-launch in the second half of this financial year.

“We remain focused on developing our leading entertainment platform that caters for consumer needs across sub-Saharan Africa, on leveraging our footprint to build a differentiated ecosystem and on developing additional revenue streams,” says Calvo Mawela, Chief Executive Officer.

The overall excitement around three world cups, culminating in the Springboks emerging victorious as back-to-back Rugby World Cup champions, supported subscriber activity. A highlight of the interim period was the South African Premium customer base, which grew 5%, a positive trend for the first time in many years.

Although profitability came under pressure due to ongoing power interruptions, cost of living pressures and sharp depreciation in local currencies against the US dollar, the impact was mitigated by a change in focus towards subscriber retention, an improved customer mix, as well as ongoing pricing and cost saving disciplines to protect the resilience of the business. As a result, the group maintained a positive trading profit margin of 3% in the Rest of Africa (a ZAR2.2bn organic improvement YoY) and delivered a 31% trading margin in South Africa.

Salient points for the 1H FY24 period included:

Group revenue: ZAR28.3bn, down 1% (up 4% organic) due to weaker local currencies and consumer pressure, offset by conversion benefits of a weaker ZAR on the group's USD reporting segments and inflationary-led price increases in the majority of the group's markets.
Subscription revenues: 3% higher on an organic basis, attributed to strong growth in Rest of Africa (+14%) and Showmax (+25%), offset by pressure in the South African business (-4%).
Group trading profit: increased 18% on an organic and like-for-like basis (excluding the additional investment in Showmax), reducing to a 10% improvement once the investment in Showmax is considered. On a reported basis, trading profit was 18% lower at ZAR5.0bn, impacted by foreign exchange headwinds of ZAR1.7bn, Showmax trading losses of ZAR0.8bn and a lower contribution from South Africa. Focus on cost optimisation delivered ZAR0.5bn in cost savings.
Total content costs: up 10% (+ 4% organic), driven by ongoing investment in local content (+16% YoY) and several World Cups hosted in the first half of the year.
Core headline earnings: ZAR1.9bn, down 5%, impacted by the same drivers weighing on trading profit, with some offset from realised gains on forward exchange contracts and lower tax and minorities in South Africa.
Adjusted core headline earnings (incorporating the impact of losses incurred on cash remittances in markets such as Nigeria): increased 25% to ZAR1.5bn, resulting from lower losses on cash remittances as the gap between the official and parallel naira rates narrowed following the material depreciation in the official naira rate during the period.
Free cash flow: ZAR1.1bn, impacted by the increased investment in Showmax and a lower contribution from the South African business.
Retained cash and cash equivalents of ZAR5.6bn and access to ZAR9.0bn in undrawn facilities; financial debt stable at ZAR8.1bn with Net debt:EBITDA of 1.30x.

The group continued to deliver compelling local content and enable its audiences to access internationally renowned entertainment shows. Playing a vital role in supporting and developing the continent's wider video entertainment industry, it has increased its spending on local content by 16% YoY, taking its local content library to almost 80,000 hours. Going forward, the group plans to enhance the monetisation of each hour of content produced by leveraging both its linear and streaming platforms.

Several new titles were launched to maintain strong momentum in leading local language programming. In addition to the successful debut of Shaka iLembe on Mzansi Magic; Gqeberha: The Empire replaced The Queen in its time slot; and Umkhoka: The Curse continued to grow in viewership and social media engagement during the period. M-Net launched the higher-end series 1802: Love Defies Time on 1Magic. kykNET introduced a new medical procedural drama, Hartklop, and a new cooking reality show, Kokkedoor: Vuur & Vlam, both of which commanded strong audience share. Big Brother Naija entered its eighth season, delivering record advertising revenues in local currency.

Following on from the success of the FIFA World Cup in FY23, SuperSport yet again demonstrated its ability to deliver an exceptional sport offering, successfully broadcasting three World Cup events in the period — the FIFA Women's World Cup, the Netball World Cup and the Rugby World Cup — followed by the Cricket World Cup, which aired post period-end.

As part of its broader “Here for Her” campaign, SuperSport provided a world-first all-female broadcasting crew to produce the Netball World Cup in Cape Town, which was shortlisted at the Sports Business Awards for “Best Sporting Event of 2023”.

Beyond World Cup coverage, SuperSport's broadcast of the Comrades Marathon in June 2023 was the biggest production in SuperSport's history. The group continued telling the best of local sport stories and is proud of its latest documentary series, Pulse of a Nation, which documents the history of football in South Africa. SuperSport also secured several rights in its portfolio to provide viewers with a wide variety of choice.

MultiChoice also remains committed to making school sport accessible to all levels of society through its SuperSport Schools platform, which grew its user base by 69% over the last six months, providing a valuable stage for identifying the next generation of South Africa's sporting stars.

Operational performance review

South Africa

The challenging consumer environment persisted into 1H FY24. Loadshedding remained the most immediate challenge in terms of subscriber activity, with the number of active days per subscriber declining by 5% due to a significant increase in both frequency and intensity of loadshedding, especially in Q1 of the reporting period. Premium and Compact bases showed improved stability compared to the latter part of FY23.

The group reported a 5% decline in 90-day active customers to 8.6m (3% of which can be attributed to the decision to end the short-term campaigns implemented in the prior year to support customers during loadshedding), with active customers amounting to 7.8m. More stable trends in the mid- and upper segments of the customer base, along with inflation-linked average price increases of around 4%, helped limit the decline in monthly average revenue per user (ARPU) to 2%.

Various initiatives were implemented to protect the economics of the segment and to help offset macro and consumer challenges weighing on the performance of the business into the second half, a period which is typically affected by the seasonally higher cost of the football content rights and festive season promotional activity. Key amongst these was the reduction in decoder subsidies through increased device pricing in our linear business and the relaunch of DStv Stream, which has more than tripled its subscribers since March 2023, albeit off a low base. Encouragingly, over 90% of DStv Stream subscribers added in the period are new subscribers to DStv, who find the connected product without hardware installation more appealing. The pricing and value proposition of the DStv Business Play packages were also recalibrated which led to a 37% increase in month-on-month revenues for this segment in September 2023.

Revenues declined by 3% to ZAR16.5bn, impacted by a 4% decline in subscription revenues and a reduction in decoder revenues due to the shift in strategy, offset by 31% growth in insurance premiums and a doubling of DStv Internet revenues. The segment delivered a trading margin of 31%, with Showmax now reported as a separate trading segment. In absolute terms, the lower revenues and negative operating leverage resulted in trading profit trending 17% lower to ZAR5.2bn, impacted by the ongoing investment in local content and sport, partially offset by cost saving initiatives and reduced decoder subsidies.

Rest of Africa (RoA)

After adding 1.4m new subscribers in FY23, subscriber growth in the Rest of Africa was more subdued in 1H FY24. This was due to the impact of inflationary pressures in key markets like Nigeria, and similar trends to previous periods which followed a FIFA World Cup or northern hemisphere football off-season. A total of 0.1m subscribers were added to end the period at 13.0m 90-day active subscribers. The active subscriber base was broadly stable at 8.9m subscribers and subscription revenues grew 14% organically.

Revenue of ZAR10.5bn was flat (+13% organic) with a weaker ZAR against the USD on conversion, offsetting the impact of weaker local currencies relative to the USD. The RoA segment delivered a trading profit of ZAR330m (+ZAR2.2bn YoY on an organic basis) which was underpinned by specific cost interventions around decoder subsidies and content costs.

Weaker currencies remained a significant impediment to improvements in profitability, with average first half exchanges falling sharply against the USD. The sharp fall of the naira resulted in a large proportion of the previously recognised losses incurred on cash remittances now being recorded in trading profit. The net effect of these forex movements was a negative ZAR1.6bn impact on the segment's trading profit for the period.

Showmax

The Showmax partnership with Comcast (owners of NBCUniversal, Sky and Peacock) was concluded on 4 April 2023 and significant progress has been made in preparing for launch later in this financial year. This service, which is set to benefit from rising connectivity and smart device uptake that enhances accessibility and scalability, will enable MultiChoice to double its customer base and deliver an additional USD1bn revenue in the medium term.

Showmax (now reported separately from the South African segment) saw its active subscriber base increase by 13% YoY, resulting in revenues growing 46% (+45% organic) to ZAR0.6bn. As the group continues to support the existing business and invest behind the new platform, operating costs increased in the short term, resulting in trading losses increasing by ZAR0.5bn to ZAR0.8bn.

Technology segment

Irdeto's external business delivered 17% topline growth (+4% organic) due to the weaker ZAR against the USD, market share gains in its core media security business and the provision of its managed services. Irdeto's connected industries initiatives continue to build momentum, most notably in the Keystone product line where Irdeto secured additional customer wins in the construction equipment space.

Trading profit was affected by once-off restructuring activities in the core media security business as the business adapts to the changing media landscape, and increased by a modest 1% on an organic basis.

On a standalone basis, Irdeto generated revenues of USD98m (ZAR1.8bn), down 7%. Trading profit of USD15m (ZAR0.3bn) was lower than the prior period as a result of the non-recurring benefit from elevated FIFA World Cup orders in the prior year, as well as the restructuring costs.

KingMakers

KingMakers continued to deliver strong underlying operating momentum despite the impact of the weaker naira and challenging macro environment in Nigeria. The business delivered organic revenue growth of 22%, led by strong growth in its online sportsbook which saw active users increase 17% and its revenue contribution grow by 40% YoY. The weaker naira resulted in reported revenues increasing only 2% to USD95m (ZAR1.8bn). KingMakers reported USD10m in EBITDA and narrowed its loss after tax to USD8.6m (ZAR0.2bn) for the first six months to June 2023.

The core development focus for KingMakers was preparations for the soft launch of SuperSportBet in South Africa on 9 November this year. The expertise of the KingMakers team combined with the strength of the SuperSportBet brand and exclusive partnerships uniquely positions the group to leverage the opportunity for future revenue and gain market share in this large and growing addressable market.

KingMakers is focused on optimising the profitability of its agency business and growing its higher-margin online business that, together with the opportunity presented by the new South African business, will support its path to sustainable profitability.

The product and market expansion plans are fully funded with KingMakers having USD134m (ZAR2.5bn) of cash at period end (being June 2023).

Moment (Fintech)

The Moment joint venture made significant progress in integrating with group core payments infrastructure and remains on track to commercialise its local services in 2H FY24.

In addition, Moment prioritised payment service integrations for the Showmax business to support the streaming platform's launch in 2H FY24. The platform is set to deliver returns equal to the initial investment within a 20-month timeframe and will become increasingly important to the success of the group's ecosystem in future, providing simplicity to customer payment options, more integrated rewards platforms and B2B revenue opportunities.

Future Prospects

“MultiChoice has a compelling growth strategy in place, which is partly driven by the opportunity to capture sustainable long-term growth through our targeted investment in streaming and partly by the need to absorb increased external economic pressure on the business and its consumers in the short-term. Our priority is to navigate both sets of demands to ensure the group operates sustainably through the current economic cycle and long into the future, while delivering attractive shareholder returns.” says Mawela.

The focus remains on driving further efficiencies in operating expenditure, as well as working capital and capex decisions, to ensure consistent and optimal returns on all capital deployed. At the same time, the group continues to seek ways to support or improve the economics of the business through pricing decisions, optimising customer mix and content monetisation, as well as calibrating decoder subsidies according to the macro-economic backdrop.

The group is also carefully investing behind nascent or future business lines, taking into account the strategic importance and prospects of success.

“The second half of FY24 will be an important period in our journey to expand our ecosystem beyond Africa's leading linear pay-TV operator into a broader ecosystem of interactive entertainment and consumer services to enable us to double our customer base to 50 million over the next five years. The relaunch of Showmax, combined with KingMakers' entry into the South African market with SuperSportBet, and Moment's platform launch are all important milestones as we accelerate growth and drive additional scale, creating a ‘world of more' for customers and additional value for shareholders.” Mawela concluded.

Distributed by APO Group on behalf of MultiChoice Group.

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15 November 2023

King Price donates nearly 40% of annual profits to charity via shareholding

Location: MyPR

According to The Trialogue Business in Society Handbook, South African companies invested around R10.9 billion into corporate social investment (CSI) in the 2022 financial year – a 6% increase from 2021. Contributing to this, South African insurer King Price has donated nearly 40% of its profit to charities across southern Africa via its main shareholder …

15 November 2023

Blockchain as a tool for Entrepreneurs

Location: MyPR

South Africa, 15 November 2023 – The debate around blockchain technology and the future is almost as old as blockchain itself. Ever since this innovative technology first emerged, it became abundantly clear that its potential goes far beyond merely supporting cryptocurrencies. It has the power to revolutionise the way people conduct financial transactions, and as …

15 November 2023

Protecting the future

Location: News

Protecting the future

Children are the wealth of the nation despite a few harrowing incidents recently pointing otherwise.

Nobody can deny that the nation’s wealth has been at the receiving end of what no child and human being should be subjected to. Democratic South Africa’s first President Nelson Mandela had a lot to say about the wellness and welfare of children.

“The children must, at last, play in the open veld, no longer tortured by the pangs of hunger or ravaged by the disease or threatened with the scourge of ignorance, molestation and abuse, and no longer required to engage in deeds whose gravity exceeds the demands of their tender years,” he said in 1993.

The magnitude of what he said back then still rings true today.

Last month, the Gauteng Health Department confirmed the deaths of five children in Soweto, the West Rand and Roodepoort due to suspected food poisoning. Media reports also pointed to food poisoning deaths in the North West.

This after the children allegedly consumed poisonous food from local shops and vendors.

South Africa recently marked National Children’s Day, a day government declared to be commemorated on the first Saturday of the month of November.

Commemorated annually, the day highlights progress being made towards the realisation and promotion of the rights of children.

Section 28 of the country’s Constitution states the rights that every child has the right to. In turn, the state must respect, protect, promote and fulfil the rights in the Bill of Rights.

Children under the age of 18, have a right to basic nutrition, shelter, basic health care services and social services. Among others, the Constitution also makes provision for children to be protected from maltreatment, neglect, abuse or degradation.

The news of the children’s deaths shocked the nation and also placed the spotlight on spaza shops. The Gauteng provincial government moved to intensify its awareness drive where it engaged locals and shared the importance of checking food expiry labels, among others.

As it takes a village to raise a child, Cabinet also expressed concern while adding that it was encouraged by law enforcement efforts to enforce food safety compliance. Efforts taken include the Johannesburg Metro Police Department and the City of Johannesburg’s, environmental health practitioners conducting inspections to check compliance with city bylaws. In addition, the City of Tshwane and its health officials and the metro police also embarked on a by-law enforcement inspection where two of the spaza shops visited were shut down.

In addition, the outcomes of a recent government-led International Migration Workshop included the introduction of omnibus by-laws to address challenges relating to trading and the enforcement of business by-laws by municipalities and traditional authorities.

It also focused on curbing the effects of illegal immigration, including the operations of spaza shops and there will also be immediate joint inspections of businesses, in particular spaza shops, by various government departments including Home Affairs immigration inspectorate teams to enforce compliance with applicable laws.

The audit of spaza shops in villages and townships, and mechanisms to register them will be undertaken by both traditional leaders and municipalities.

There are also efforts to support traditional authorities to keep a record of foreign nationals in their communities while business licensing legislation is being amended to support those wishing to trade in the informal sector.

While the lives that have been lost cannot be brought back, inspection blitzes carried out by the Cities of Tshwane and Johannesburg as well as the outcomes of the migration workshop resolve to ensure the safety of children.

One can also not ignore the fact that communities have placed the blame - whether warranted or not - of the selling of expired foods at the door of foreign nationals operating spaza shops and the record keeping of foreign nationals in communities will go some way in allaying suspicions of one another.

The alleged poisonings brought to the fore the ire of communities and rightly so. Communities were once more reminded of previous and dare I say ongoing, spates of the brutal rapes, murders and mutilation of children.

We ought to put a stop to these hair-raising incidents and raise a generation of children that protect their peers.

While legislation such as the Children’s Act exist and sets out principles relating to the care and protection of children including making provision regarding children's courts, all of these incidents remind us that the safety of children requires the presence of all of society.

World Children’s Day is being commemorated on 20 November to promote international togetherness, awareness among children worldwide, and improve children's welfare. It was first established in 1954. According to the UN since 1990, the day also marks the anniversary of the date that the UN General Assembly adopted both the Declaration and the Convention on children's rights.

If we are to see a better future, the protection of children should urgently be everyone’s business.

*Neo Semono is a features writer at www.sanews.gov.za

-SAnews.gov.za

Neo
Wed, 11/15/2023 - 09:03

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15 November 2023

Productivity SA responds to NEHAWU strike action

Location: MyPR

PRODUCTIVITY SA MANAGEMENT STATEMENT ON NEHAWU STRIKE Productivity SA Management confirms that members of the National Education, Health, and Allied Workers’ Union (NEHAWU) falling within the Bargaining Unit are on strike with effect from the 13th of November 2023. The picket is taking place at all the Productivity SA Offices, namely Midrand, Durban, and Cape …

14 November 2023

Community improvements for pets and their people – 4th Avenue Parkhurst and surrounds

Location: MyPR

Revitalisation is on the horizon for 4th Avenue Parkhurst as the Parkhurst Residents and Business Owners Association (PRABOA) teams up with Tito’s Handmade Vodka and CLM, the brand’s local distributor, to upgrade infrastructure in the area for pets and their people. The programme will kickstart an essential fencing replacement project at Verity Park and along …

14 November 2023

Elevate Your Space with Premium Door Hardware

Location: MyPR

In the world of interior design and architecture, every detail matters, and door hardware is no exception. The choice of pull handles, lever handles, door locks, and other door-related components can significantly impact the functionality, aesthetics, and security of a space. In this guide, learn more, we’ll explore these essential categories of door hardware and …

14 November 2023

Finding the Perfect Forklift Solution: For Sale, Hire, or Rentals

Location: MyPR

Introduction: Forklifts are an essential part of many industries, helping to move heavy loads and streamline operations. Whether you’re a business owner looking to expand your fleet, a project manager in need of a temporary solution, or a startup entrepreneur trying to find the most cost-effective option, understanding the choices available to you is crucial. …

14 November 2023

Tourism safety a top priority

Location: News

Tourism safety a top priority

The National Tourism Safety Strategy is aimed at fostering a public-private sector partnership to address issues of tourism safety in a more coordinated manner.

“The measures aim to provide an enhanced visitor experience and in the long-term, change perceptions of South Africa as an unsafe destination,” Tourism Minister Patricia de Lille said on Tuesday.

She was addressing members of the Diplomatic Corps in Pretoria on tourism safety issues.

De Lille explained that the National Tourism Safety Strategy is centered on three key themes which include proactive measures, responsive measures and aftercare programmes.

“It is about putting in place mechanisms to ensure that tourists, both domestic and international, feel safe even before arriving at the destination,” she said, adding that the mechanisms seek to ensure quick and effective turnaround time to attend to tourists in distress should an incident of crime occur.

“This is about stakeholder coordination and communication in terms of messaging and protocols to follow. We have since set up a committee led by the private sector under Tourism Business Council of South Africa (TBCSA) to develop clear Crisis Management Communications Plan and Protocols.

“This will ensure that there are clear protocols in place during an incident and that the messaging is same,” de Lille said.

The department has also signed a Memorandum of Understanding (MoU) with the South African Police Services (SAPS) on collaboration towards the prevention, investigation and combating of crimes impacting on the tourism industry and the safety and well-being of tourists.

“The MoU Action Plan is being implemented through the Tourism Safety Technical Committee comprising of the Department of Tourism and SAPS. The MoU is currently undergoing revision to ensure that other initiatives being implemented with private sector on safety and security are considered and strengthened.

“The action plan incorporates both initiatives identified by the Department and by the South African Police Services and to be handled at a bilateral level,” the Minister said.

The Tourism Monitors Programme (TMP) is part of the broader government intervention that involves training, mentorship and deployment of unemployed youth in identified tourism attractions and sites.

“Government has invested R174 Million for the deployment of Tourism Monitors in this financial year. The key objectives of the programme include: enhancing tourism safety awareness at key tourism attractions and sites, upskilling of unemployed youth and reducing tourist vulnerabilities.”

The Minister said the department will deploy 2 300 Tourism Monitors nationally in entities managed by the South African National Biodiversity Institute (SANBI) Gardens, iSimangaliso Wetland Park, Ezemvelo Nature Reserve, in the national parks managed by the South African National Parks (SANParks), and at airports managed by Airports Company South Africa (ACSA). – SAnews.gov.za

Edwin
Tue, 11/14/2023 - 15:12

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14 November 2023

From soft skills to core competencies – the current essentials for future entrepreneurial success

Location: MyPR

To succeed in the future, entrepreneurs must embrace technology, social imperatives, and adaptability. With advancements in artificial intelligence, sustainability and decentralised finance, the business landscape is shifting rapidly. With this, entrepreneurs need to integrate cutting-edge technologies and adopt ethical and sustainable practices. Digital transformation and changing regulations have redefined traditional business operations, making geographical locations …

14 November 2023

Lawyers for Human Rights to challenge Tshwane’s eviction of homeless people

Location: News

On Friday, metro police forcefully removed people living at Burgers Park and confiscated all of their belongings.

14 November 2023

The Ultimate Guide to Self Storage Units in Johannesburg

Location: MyPR

Introduction When it comes to managing our belongings, there are times when we find ourselves in need of extra space. Whether you’re downsizing, renovating, or just looking to declutter your living space, self-storage units in Johannesburg can be the ideal solution. In this comprehensive guide, we will explore the world of storage, self-storage options in …

13 November 2023

Rugby Africa President and African Development Bank President Confer on Advancing Sports Infrastructure in Africa

Location: Sport

Herbert Mensah, the newly elected President of Rugby Africa (www.RugbyAfrique.com), the continental governing body for rugby in Africa, recently engaged in a 45-minute face-to-face meeting with Dr Akinwumi A. Adesina, the President of the African Development Bank Group (AfDB). The meeting, held during the African Investment Forum in Marrakesh, Morocco, focused on the crucial topic of sports infrastructures in Africa.

During the meeting, President Mensah and Dr Adesina discussed the significant potential of sports as a thriving business in Africa, with a particular emphasis on advancing development of sports infrastructure across the continent. Recognizing the pivotal role of sport in economic growth and community well-being, both leaders explored strategic conversations to harness the continent's potential.

President Adesina took a moment to extend his heartfelt congratulations to the South Africa Springboks for their triumph at the Rugby World Cup. He emphasized the victory's significance in maintaining Africa's status as the reigning champion of the world for another four years.

The newly elected President of Rugby Africa, Herbert Mensah, continues to emphasize the business potential of sport across Africa. Since his election, Mensah has called for a change of mind-set among African governments and international organizations and to fully embrace, support and increase investment in rugby across Africa, as a wealth and development creating activity.

“With abundant talent and the world's attention, Africa stands at the forefront of the global marketplace,” said Mensah. “It's time to turn this potential into power, investing in ourselves, forging structures that allow our resources to fuel our own growth, breaking free from the cycle of export and import that hinders the realization of our true economic potential.”

The sports industry in Africa is experiencing rapid growth, with significant potential to generate jobs, improve public health, foster social inclusion, and drive economic growth.

According to PricewaterhouseCoopers (PwC), the industry was valued at $7 billion in 2018, with an expected growth of $12 billion in 2027. Despite the potential, investment across Africa remains limited, with only 1% of start-up financing directed towards the sports sector.

More information: https://apo-opa.co/3FV6pXA

Distributed by APO Group on behalf of Rugby Africa.

Media contact:
Nicole Vervelde
Communications Advisor to the President of Rugby Africa
rugby@apo-opa.com

About Rugby Africa:
Rugby Africa (www.RugbyAfrique.com) is the governing body of rugby in Africa and one of the regional associations under World Rugby. It unites all African countries that play rugby union, rugby sevens, and women's rugby. Rugby Africa organizes various competitions, including the qualifying tournaments for the Rugby World Cup and the Africa Sevens, a qualifying competition for the Olympic Games. With 39 member unions, Rugby Africa is dedicated to promoting and developing rugby across the continent. World Rugby highlighted Ghana, Nigeria and Zambia as three of the six emerging nations experiencing strong growth in rugby.

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13 November 2023

Olga Jewellery: Haute Couture of Fine Jewellery

Location: MyPR

Olga & Colin Goodman have been in the jewellery business for 43 years. Their passion and love for what they do has helped their brand Olga Jewellery Design become a respected and well-known jewellery brand. From classic designs to modern statement pieces, there is something for everyone in their stunning collection. Their dedication to quality …

13 November 2023

President to undertake State Visit to Qatar

Location: News

The Presidency: Republic of South Africa
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President Cyril Ramaphosa will on Wednesday, 15 November 2023, undertake a State Visit to Qatar at the invitation of His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar.

The State Visit will form part of two days of engagement between the governments of South Africa and Qatar on 14 and 15 November.

The visit occurs in the context of three decades of diplomatic relations between the two countries who will celebrate the 30th anniversary of establishing diplomatic relations on 11 May 2024. This visit will be President Ramaphosa's first visit to the State of Qatar as Head of State.

The programme will include meetings with His Highness Tamim bin Hamad Al Thani, Amir of the State of Qatar, and high-level business engagements.

During their meeting, President Ramaphosa and His Highness Sheikh Tamim bin Hamad Al Thani are expected to deliberate on various geopolitical issues that are currently impacting the world.

Both parties are committed to enhancing their economic ties and focusing on improving economic relations including trade, investment, and tourism.

In 2022, Qatar became South Africa's fifth-largest trading partner in the Middle East.

There is significant potential for further economic cooperation between the two countries. South Africa exported USD 206 million worth of trade to Qatar in 2022.

The bulk of the exports were in the manufacturing sector, accounting for about 56% of total exports. South Africa has witnessed a surge in its imports from Qatar between 2017 and 2022, primarily due to the import of petroleum oils.

South African imports from Qatar amounted to USD 252 million in 2022.

The President will be joined by a high-level business delegation and is expected to engage the Qatari business community to explore opportunities for cooperation in areas such as the creative industries, energy, mining, agro-processing, retail, healthcare, tourism, and shipbuilding.

South Africa is a significant investor in Qatar, especially in the petrochemical-related sector, with a total investment of approximately USD 8.7 billion.

Sasol has a 49% shareholding with Qatar Petroleum, and established ORYX GTL, the world's first commercial-scale gas-to-liquids plant. Sasol's GTL technology is used in ORYX GTL to convert natural gas into liquid fuel and chemical products.

The governments of South Africa and Qatar share deep concern regarding the conflict, notably the unfolding human catastrophe in Palestine, violations of international human rights and international humanitarian law, the large-scale loss of life and the ongoing hostilities, especially in Gaza.

The leaders will discuss respective efforts to ensure that the conflict does not escalate to other parts of the region and that a peaceful resolution is found.

South Africa also welcomes Qatar's mediation efforts in this crisis.

The President will be accompanied by the Ministers of International Relations and Cooperation; Trade, Industry and Competition; Agriculture, Land Reform and Rural Development; Mineral Resources and Energy; Defence, Basic Education and the Minister in the Presidency.

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

13 November 2023

Job creation programme hits 25-year milestone

Location: MyPR

MEDIA INVITE – 13 November 2023 RE: JOB CREATION PROGRAMME CELEBRATES 25 YEARS Date: Wednesday, 15 November 2023, Time: 09h30 to 13h00 Venue: Coastlands Umhlanga Hotel & Convention Centre, Umhlanga Ridge Please join Productivity SA in partnership with the Department of Trade, Industry and Competition (the dtic) to commemorate the 25th anniversary of its flagship …

12 November 2023

Shoto 5.12kWh Lithium-ion Battery: Powering a Sustainable Future

Location: MyPR

In an era where sustainable energy solutions are gaining increasing importance, the Shoto 5.12kWh Lithium-ion Battery emerges as a beacon of innovation and eco-friendliness. This powerful energy storage solution, designed by the reputable brand Shoto, is set to transform the way we harness and store electricity. Let’s delve into the details that make this battery …

12 November 2023

TUT celebrates fifth anniversary of the Centre for Entrepreneurship Development

Location: News

TUT celebrates fifth anniversary of the Centre for Entrepreneurship Development

Small Business Development Minister Stella Ndabeni-Abrahams will on Tuesday deliver a keynote address at the fifth anniversary celebration of the Tshwane University of Technology (TUT) Centre for Entrepreneurship Development.

The celebration will highlight the achievements and growth of the TUT Centre for Entrepreneurship Development over the past five years.

“The Centre supports start-ups with entrepreneurial training, coaching and mentoring. It promotes the economic participation and inclusion of women, youth and people with disabilities through access to entrepreneurial education, business development and support,” said the Small Business Development.

Consistent with the strategic objectives of the department, the TUT Centre for Entrepreneurship Development strives to develop rural and township SMMEs and co-operatives to participate fully in the mainstream economy. – SAnews.gov.za

Edwin
Sun, 11/12/2023 - 13:43

170 views

12 November 2023

ATNS scoops coveted Transformation Award

Location: News

ATNS scoops coveted Transformation Award

The Air Traffic and Navigation Services (ATNS) has scooped the Transformation Award at the prestigious annual Civil Aviation Industry Awards (CAIA) 2023 held in Johannesburg on Friday night.

“We are on the right track as an entity to meet the National Development Plan objectives as an aviation industry player,” ATNS Chief Executive Officer, Nozipho Mdawe, said.

The ATNS, an entity of the Department of Transport, recently developed a Transformation Policy that revised its strategies on Employment Equity, Supply Chain Management, Corporate Social Investment, and Enterprise and Supplier Development in its bid to become an inclusive organisation.

“It is certainly our efforts in establishing a consolidated approach to address transformation in all areas of the ATNS Business that earned us the CAIA 2023 Transformation Award,” Mdawe said.

The ATNS was also voted the first runner-up for the Aviation Research and Development Award for its progress in aeronautical innovation and air traffic management over the past 30 years.

This comes after the ATNS’s Aviation Training Academy was voted the International Air Transport Association’s best training academy for three consecutive years.

The other accolade went to ATNS Aviation Psychologist, Mr. Matita Tshabalala, who was nominated for the Aviation Professional Award category and voted second runner-up.

Matita is a registered Aviation Psychologist with the European Association for Aviation Psychology (EAAP). This makes him the first and only African in South Africa to be called an Aviation Psychologist.

“I must congratulate the ATNS team who worked tirelessly to secure all these accolades. As we celebrate 30 years of providing globally competitive air traffic and navigation services management this year, we are indeed on a mission to remain a leader in our field with the best people in place, just like Mr. Matita and many others in our ATNS team,” Mdawe said. – SAnews.gov.za

Edwin
Sun, 11/12/2023 - 10:27

113 views