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Cine Prestige theatres offer the ultimate business class cinema experience The two luxurious Cine Prestige cinemas at Ster-Kinekor’s Cavendish complex in Cape Town have enjoyed a full-body makeover in time for the festive season. Movie lovers are invited to come and enjoy the refreshed cinemas and lounge area to experience the ultimate in business-class movie …
Pillar pages and topic clusters are an increasingly crucial component of SEO strategy, especially as we move into 2024. They offer a structured way of organising content that not only enhances the user experience but also boosts a site’s visibility on search engines. Here’s a comprehensive look into how they work and why they are …
Herbert Mensah, the newly elected President of Rugby Africa (www.RugbyAfrique.com), the continental governing body for rugby in Africa, participated in a one-to-one fireside chat at the 2023 Africa Investment Forum (AIF) on Thursday, November 10 in Marrakech, Morocco. Championed by the African Development Bank and seven other founding partners (Africa50, Africa Finance Corporation, Afreximbank, Development Bank of Southern Africa, European Investment Bank, Islamic Development Bank and Trade and Development Bank), the Africa Investment Forum is Africa's investment marketplace to accelerate transactions to close Africa's investment gaps.
Copyright-free video B-roll and images are available for the media to download and can be freely used without requiring authorization: https://apo-opa.co/478tDFH
Watch the video of the entire fireside chat: https://apo-opa.co/3SB1zq5
Founded in 2018, the Africa Investment Forum has mobilized nearly $143 billion in investment interest.
In the discussion, Rugby Africa President encouraged the investment of sport across Africa, emphasizing the importance of investment opportunities emerging from the continent itself.
“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.”
He added, “With South Africa emerging triumphant as the World Champions in the 2023 Rugby World Cup, the world once again witnessed the vast potential of Africa. To invest in rugby across Africa, is to invest in a continent of 1.3 billion people, utilizing the sport as a catalyst for both economic development and empowerment of the youth.”
The newly elected President of Rugby Africa, Herbert Mensah, continues to emphasize the business potential of sport across Africa. Since his election, President Mensah has called for a change of mindset from African governments and international organizations to increase investment in rugby across Africa.
The sports industry in Africa is experiencing rapid growth, with the 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 startup financing directed towards the sport sector.
The 2023 Africa Investment Forum brought together heads of state, business leaders, decision makers and investors to advance critical investment transactions to closure. Previous attendees include H.E Paul Kagame, President of the Republic of Rwanda, H.E Cyril Ramaphosa, President of South Africa and H.E Nana Akufo-Addo, President of the Republic of Ghana. The annual three-day Africa Investment Forum Market Days event will conclude on Friday August 10 under the theme “Unlocking Africa's Value Chain” in Marrakech, Morocco.
Read more information about the Africa Investment Forum: https://www.AfricaInvestmentForum.com/en
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.
The African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is working on the establishment of a $1-billion African Film Fund to be launched in 2024 to support the continent's film industry, Kanayo Awani, Executive Vice President, Intra-African Trade Bank, at Afreximbank, announced in Cairo today.
Addressing the opening of the 2023 CANEX Summit held as part of the third Intra-African Trade Fair (IATF2023), Mrs. Awani said that the fund would oversee film financing, co-finance with large studios, finance African filmmakers and finance producers and directors of film projects across the continent.
She noted that during CANEX WKND 2022, the Bank had increased the financing it was making available to the creative sector from US$500 million to US$1 billion and that the Bank currently had a pipeline of over US$600 million in film, music, visual arts, fashion, and sports deal.
“The very first film we financed recently premiered at the Toronto Film Festival,” Mrs. Awani said, adding, “The Bank has several in the pipeline from Nigeria, South Africa, and Kenya, which should be on streaming platforms in 2024.”
Acknowledging that the film and audiovisual industries in Africa accounted for US$5 billion of the continent's GDP and employed an estimated five million people, with the potential to create over 20 million jobs and generate US$20 billion in revenues annually, Mrs. Awani noted that the sector faced several challenges, including limited access to financing and copyright infringement due to weak copyright laws, enforcement mechanisms and a lack of awareness.
The sector was also confronted with infrastructure and technology gaps, lack of capacity and shortage of skilled professionals and limited market access and international exposure, as a result of which African creative and cultural products often struggle to gain exposure and access to international markets.
Earlier, Boris Kodjoe, a celebrity actor of Ghanaian descent, highlighted how the creativity of Africans had influenced various aspects of modern life, including music, fashion, art, design, social consciousness, business, sports, film and TV. He said that the exploitation of black creativity by the West had had lasting effects and that, despite admiration of black excellence, Africa still faced branding challenges due to external perception fuelled by the traditional media's depiction of poverty, famine, civil wars and migration on the continent.
Mr. Kodjoe said that the world craved culturally specific global content and that Africa was a key player in meeting that demand. With the continent's young population and high connectivity, studios, networks, promoters and brands were investing in solutions to reach diverse audiences. Films and TV shows with diversity performed better than others by 30 per cent and Afrobeats was taking over global airwaves. By 2030, Africa was projected to produce up to 10 per cent of global creative goods export worth roughly $200 billion or four per cent of Africa's GDP.
Also speaking, H.E. Albert M. Muchanga, Commissioner for Trade and Industry of the African Union Commission, said that the creative sector in Africa was rapidly growing and making a significant contribution to the inclusive growth and sustainable development of African economies.
“I reaffirm my belief that the African creative industry has huge potential to be a source of employment and revenue to create the Africa we want - revenue from intra-African trade as well as revenue from the rest of the world.”
Ambassador Muchanga urged African nations to convert their vast potential into plans and projects that yield tangible results, stressing the need to also invest in protecting international property rights.
CANEX is an Afreximbank initiative to support Africa and the African Diaspora's creative and cultural industries by providing financing and non-financing instruments to boost growth. The seven-day CANEX Summit is intended to further develop conversations and provide additional business-to-business and business-to-government opportunities. It includes a fashion show featuring a range of bold and exciting designs from across Africa and the Diaspora and a CANEX Music Factory, hosted by renowned South African producer Oskido, which will provide songwriters and beat makers with the opportunity to record their work.
Creative Africa Nexus (CANEX) programme set up by Afreximbank seeks to facilitate the development and growth of the creative and cultural industries in Africa and the diaspora. The programme provides a range of financing and non-financing instruments and interventions aimed at supporting trade and investment in Africa's creative sector.
IATF2023, Africa's largest trade and investment fair opened on 9th November and will run till 15th November 2023.
Distributed by APO Group on behalf of Afreximbank.
Media contact:
Deborah Ross
Senior PR Account Director
BrandComms
+44 (0) 759 3602 128
âdeborah.ross@brandcommsgroup.com
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About the Intra-African Trade Fair:
Organised by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, the Intra-African Trade Fair (IATF) is intended to provide a unique platform for facilitating trade and investment information exchange in support of increased intra-African trade and investment, especially in the context of implementing the African Continental Free Trade Agreement (AfCFTA). IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment. In addition to African participants, the Trade Fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent's transformation through industrialisation and export development.
For more information, please visit www.IntrAfricanTradeFair.com
About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA. At the end of 2022, Afreximbank's total assets and guarantees stood at over US$31 billion, and its shareholder funds amounted to US$5.2 billion. The Bank disbursed more than US$86 billion between 2016 and 2022. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”).
For more information, please visit: www.Afreximbank.com
KZN positions to become a technological hub
The KwaZulu-Natal Provincial Government is accelerating efforts to roll out broadband across the province in order to ensure universal connectivity, and position the province as a technological hub.
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Speaking at the opening of the KwaZulu-Natal Information, Communication and Technology (ICT) Summit, currently underway at the Durban Exhibition Centre, Premier Nomusa Dube-Ncube said as part of KwaZulu-Natal Digital Transformation Strategy, the province aims to deliver a citizen-centric plan which guides the leap to a digitally transformed society.Â
âOur strategy is awake to the reality that the province is currently only 27% connected and we have identified the need to accelerate the connectivity of the entire province. Among others, our Digital Transformation Strategy will aid government-to-government interaction across spheres, government-to-citizen interaction, and government-to-business interaction,â Dube-Ncube said.
Held from 09-10 November 2023, the summit brings together digital experts, including stakeholders and representatives from the public and private sectors to discuss and demonstrate the role of technology in improving operations, processes and service delivery for the benefit of the communities in KwaZulu-Natal.
The summit, which is hosted jointly with Vodacom Business and provincial government, is a unique platform for ICT experts, private sector and government leaders to engage and explore cutting-edge technology solutions designed to transform the business landscape.
Themed âMoving KZN Towards a Smart Provinceâ, the summit focuses on turning KwaZulu-Natal into a smart and technology connected province, which leaves no one behind.
Dube-Ncube highlighted that the province is hard at work, and currently rolling out Wi-Fi hotspots and Digi-centres in townships and rural centres, including libraries, schools, health youth zones, and community service centres.Â
Work done by the Office of the Premier includes the roll-out of a series of 4IR activations to install Wi-Fi hotspots that will enable schools and citizens to access internet as well as the training of 3 875 youth in four activated districts covering 16 areas.Â
âDigital hubs were installed at the schools to enable the learners to have access to equipment [and] teachers were also trained in data science to include in their schoolâs curriculum, to ensure the learners will be trained on areas of Artificial Intelligence and Robotics.
âAll 164 provincial libraries have Wi-Fi connectivity and all hospitals and clinics are connected,â Dube-Ncube said.Â
The Premier emphasised the importance of building broadband infrastructure together with the private sector to improve the status of connectivity in the province.
âPartnerships between private and public sector are central and mutually beneficial. We welcome and appreciate the role that the private sector is playing in supporting our vision of positioning KwaZulu-Natal as a Smart Province,â Dube-Ncube said.
Vodacom Business has been working with the government on several connectivity solutions to help the province achieve its universal connectivity targets.
Meanwhile, the Department of Transport is in discussions with the Road Traffic Management Corporation (RTMC) to investigate the implementation of an online registration system, which will be piloted in the uMgungundlovu and eThekwini Districts.
The provincial Economic Development, Tourism and Environmental Affairs (EDTEA) has to date, spent almost R8.6 million in rolling out digital centres across the province. â SAnews.gov.za
Â
GabiK
Fri, 11/10/2023 - 10:54
This year marks an important milestone for the KZN South Coastâs tourism sector with the popular route map, the Southern Explorer, celebrating its 25th edition. âWeâd like to extend our congratulations to the Southern Explorer team on this impressive milestone and we are looking forward to further promoting the KZN South Coastâs tourism offerings together,â …
More officers to bolster police force to fight crime
Deputy President Paul Mashatile announced on Thursday that government is working around the clock to capacitate the police force which will see the country having 30 000 officers in the coming years as South Africa wages war against crime.Â
The Deputy President was responding to oral questions in the National Assembly on Thursday.
âThe [Police] Minister also announced that recruits are being enlisted to increase the capacity of the police in this regard. Ten thousand new trainees have already graduated and over the next financial years, additional trainees will graduate bringing the total number to 30 000 new police officers.âÂ
In addition, 1000 of the newly recruited personnel have been ring-fenced to include the capacity of public order policing (POP) which deals with crowd management issues and threats resulting from that.Â
The POP, he said, had by the end of October 2023 received an additional 4 000 members resulting from the recruitment drive.Â
In addition, as part of efforts to assess the progress government is making in implementing its programmes, the Deputy President said he and President Cyril Ramaphosa have been meeting Ministers, Deputy Ministers, Director-Generals and Heads of Departments.
âIn this regard, the President and I have had the opportunity to meet with the Minister, Deputy Minister and Commissioner of Police to brief us on the departmental plans to fight crime in the Republic of South Africa.â
He told Parliament that the Ministry was implementing Operation Shanela, a comprehensive plan to combat crime throughout the country. âThe plan includes clamping down on illegal mining areas.â
The South African Police Service (SAPS) has established specialised units to work with businesses, private security and state-owned entities (SOEs) to tackle illegal mining, the construction mafia, cable theft and the vandalism of economic infrastructure.
âI have confidence not only in Minister [Bheki] Cele, Deputy Minister [Cassel] Mathale and Commissioner [Fannie] Masemola but in all men and women in blue right to the lowest-ranking police officers who are committed to fighting and defeating crime in our communities.â
In addition, the countryâs second-in-command touched on the recently launched âCombating Crime through Decisive Police Action and Robust Community Involvementâ and the operationalisation of the increased Crime Prevention and Combating Action Plans through Operation Shanela.Â
These programmes, he said, are yielding results in the fight against crime in the country.
âWe will continue to work jointly with the private sector to invest in efforts to combat crime.âÂ
The Deputy President urged communities to continue to be involved in efforts to fight crime.Â
âThey must work with the police and expose the rotten apples within our police stations. Together we will win this fight. Letâs continue to build safer communities.â
Bills
Deputy President Mashatile also spoke about his role as Leader of Government Business.Â
He is responsible for tracking the procession of priority Bills and introducing measures to effectively monitor and improve the quality of legislation submitted by the Executive for approval.
In line with these responsibilities, a dedicated official from his office has been introduced to focus on tracking legislation as introduced by Cabinet.
It also means all Bills are tabled before the Cabinet Committee before being submitted to Cabinet for final approval.Â
âBills that do not meet the required standards are not submitted to Cabinet but sent back to the relevant departments for further work.â
He said he was pleased that that Cabinet approved 42 Bills on the 2023 legislative programme on 29 March 2023.Â
âAs of 26 October, 22 Bills on the 2023 legislative programme have already been introduced to Parliament.â â SAnews.gov.za
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Gabisile
Thu, 11/09/2023 - 15:43
As the Matric Class of 2023 nears the conclusion of their school career, a few of these learners will recognise Broad-Based Black Economic Empowerment (B-BBEE) as a section in Business Studies. However, B-BBEE â and how companies decide to implement their Skills Development initiatives â may be the defining factor that determines some of these …
The state of Maths in South Africa is facing significant challenges, with less than 30% of matric students opting for math, and only half of them passing their exams, as reported by Business Tech. In response to this pressing issue, Lesedi Mochadibane, a 23-year-old entrepreneur with nearly 5 years of experience in the edtech space, …
The MultiChoice Group (www.MultiChoice.com), an official African media broadcast partner for The Earthshot Prize, will once again air the prestigious competition's third annual awards ceremony which was filmed in Singapore on Tuesday 7 November, and reveals the five winners of The Earthshot Prize.
This year, the Awards was hosted by Emmy-award winner Hannah Waddingham, who was joined by Academy award-winning actor and Earthshot Prize council member Cate Blanchett, actor Lana Condor, wildlife conservationist Robert Irwin, and actor and humanitarian Nomzamo Mbatha to announce the five winners who will each be awarded £1 million to help scale their solutions and accelerate their positive impact on people, communities, and the planet.
In addition to spotlighting the stories of The Earthshot Prize Finalists and Winners, the broadcast will feature inspirational performances from some of the world's most exciting musical artists, including Bastille, OneRepublic and Singaporean choral society, Voices of Singapore.
ABALOBI was founded in South Africa by Serge Raemaekers and Nico Waldeck as a non-profit partnership between fishers and scientists. Its aim is to protect small-scale fishing communities and nurture their ocean stewardship, while arming their customers with better information about where their seafood comes from.
An ABALOBI app connects fishers with a digital marketplace where they register their catches and log precisely how, when and where the fish originate. For the first time, small-scale fishers have a tool to demonstrate transparently that they are fishing sustainably, and in exchange, they receive a fair price for their catch.
Led by Manja Kargbo, Freetown the Treetown is an ambitious, city-led, “pay-to- grow” scheme to plant, grow and digitally track trees, which aims to restore what has been lost and protect it for future generations.
Through this initiative, city residents are paid to plant and monitor trees and mangroves, which are tracked via an online platform. The initiative is funded with tokens sold on private and carbon markets. The city council also works with locals to raise awareness of the importance of its trees and engage the community in restorative activities.
Inspired by President John F. Kennedy's “Moonshot” challenge that pioneered space travel in the 1960s, The Earthshot Prize is an ambitious global environmental prize which aims to discover and scale the best solutions to help repair our planet within the remainder of this decade.
Every year, The Earthshot Prize will find and reward solutions to five “Earthshot” goals – Protect and Restore Nature; Clean Our Air; Revive Our Oceans; Build A Waste-Free World and Fix Our Climate. These winning solutions will have the greatest impact on the biggest environmental challenges facing our planet and winners and finalists will have access to a global support network to scale their work.
The award ceremony will air on MultiChoice channels across Africa from Monday, 13th November:
|
CHANNEL |
1st BROADCAST – 13 Nov |
REPEAT BROADCAST |
|
M-Net 101/SADAC |
21h00 (CAT) |
14 Nov @12h00 (CAT) |
|
M-Net E & W |
21h00 (EAT/WAT) |
14 Nov @12h00 (EAT/WAT) |
|
1Magic |
21h00 (CAT) |
19 Nov @23h00 (CAT) |
|
Maisha Magic East |
21h00 (EAT) |
19 Nov @15h00 (EAT) |
|
One Zed |
21h30 (CAT) |
18 Nov @17h00 (CAT) |
|
ZTN |
21h00 (CAT) |
20 Nov @20h00 (CAT) |
|
3KTV |
21h00 (CAT) |
15 Nov @21h00 (CAT) |
|
Africa Magic Family |
21h00 (WAT) |
16 Nov @15h00 (WAT) |
|
Mambo Moto |
21h00 (EAT) |
14 Nov @15h00 (EAT) |
|
Maisha Magic Poa |
21h00 (EAT) |
19 Nov @18h00 (EAT) |
|
Pearl Magic |
21h00 (EAT) |
19 Nov @12h00 (EAT) |
|
Akwaaba Abusua |
21h00 (GMT) |
20 Nov @16h00 (GMT) |
|
NewzRoom Afrika |
21h00 (CAT) |
18 Nov @17h00 (CAT) |
|
Showmax (All Regions) |
14 November 06h00 |
|
Distributed by APO Group on behalf of MultiChoice Group.
For more information on contact:
MultiChoice Group Contact Details:
Litlhare Moteetee, Senior Manager: Corporate Communications
Tel: +27 72 490 4609
Litlhare.Moteetee@Multichoice.co.za
The Earthshot Prize Contact Details:
Taylor Patterson, Director of Media and Engagement
Taylor.patterson@earthshotprize.org
About MultiChoice Group:
MultiChoice Group (MCG), listed on the Johannesburg Stock Exchange (JSE), is a leading provider of entertainment and related consumer services, with an expanding ecosystem, underpinned by scalable technologies, and a track record now spanning almost 40 years. MCG provides video entertainment products and services through its linear and streaming platforms to 23.5m households across 50 countries on the African continent and continues to grow by producing and acquiring the best local, sport and international content and offering tiered subscription packages and aggregated streaming services to its customer base. MCG's superior technology capabilities enables it to continue innovating around distribution, digital and payment solutions and content security to offer the best customer experience across the continent. Reaching up to 100 million individuals on a daily basis, the MultiChoice Group is using its scale and distribution to expand its platform to include sports betting and interactive entertainment, fin-tech services, household services (focused on internet connectivity and emergency response services) and ed-tech. Irdeto, MCG's technology business, provides platform cybersecurity services which protect over 6bn devices and applications globally for some of the world's best media and technology brands, as well as clients in the connected industries sector.
About The Earthshot Prize:
Founded by Prince William and The Royal Foundation in 2020, The Earthshot Prize (www.EarthshotPrize.org) is a global environmental prize to discover, accelerate and scale ground-breaking eco-solutions to repair and regenerate the planet. Inspired by President John F. Kennedy's Moonshot, which united millions of people around the goal of reaching the moon, The Earthshot Prize aims to catalyse an Earthshot challenge to urgently encourage and scale innovative solutions that can help put the world firmly on a trajectory towards a stable climate, where communities, oceans and biodiversity thrive in harmony by 2030. The five challenges are: Protect and Restore Nature; Clean our Air; Revive our Oceans; Build a Waste-free World; and Fix our Climate.
The Prize aims to turn the current pessimism surrounding environmental issues into optimism but championing inspiring leadership and helping to scale incredible cutting-edge solutions. It will discover 50 winners over 10 years with the power to repair the planet. More than a prize, The Earthshot Prize works in partnership with a Global Alliance of Partners to support the scaling of the solutions discovered and selected each year.
The Global Alliance Founding Partners are a group of leading global organisations and philanthropists which act as strategic funding partners to the Prize, including Aga Khan Development Network, Bezos Earth Fund, Bloomberg Philanthropies, Breakthrough Energy Foundation, Coleman Family Ventures, DP World in partnership with Dubai EXPO 2020, Eleven Eleven Foundation, Holch Povlsen Foundation, Jack Ma Foundation, Legado Para A Juventude, Marc and Lynne Benioff, Mastercard Center for Inclusive Growth, Paul G. Allen Family Foundation and Rob & Melani Walton Foundation.
Global Alliance Partners are non-profit environment and sustainable development organisations that bring expertise, global reach and serve as nominating organisations each year. For full list see website: Global Alliance - Earthshot Prize (https://apo-opa.info/3QvHM8G).
Global Alliance Members are some of the world's largest and most influential companies and brands who will support The Earthshot Prize, implement ambitious changes within their businesses and accelerate the advancement of the solutions of Prize Finalists and Winners. They are: Arup, Bloomberg L.P., Deloitte, Herbert Smith Freehills, Hitachi, Ingka Group (IKEA), Microsoft, The MultiChoice Group, Natura &Co, Safaricom, Salesforce, Unilever, Vodacom Group, Walmart.
SA a good place for investment, says Zikalala
Public Works and Infrastructure Minister, Sihle Zikalala, has assured investors that South Africa has put in place systems, structures and policies that are investor-friendly and is easing ways of doing business.
“As South Africa, we are a story of economic growth, hope and resilience to investors and social partners,” he told investors.
The Minister is on an official working visit in the United Kingdom, where he and a delegation are on a mission to promote South Africa as a preferred infrastructure investment destination.
“We are open for business and we guarantee your return on investments in a country that is continuously eliminating red tape, has economic stability, improving the ease of doing business and where the rule of law is jealously guarded by our democratic institutions and our courts,” Zikalala said in his address to over 500 global investors in London.
The Minister presented to investors a plethora of infrastructure investment opportunities in areas such as energy, water, transport and digital infrastructure.
He assured investors that President Cyril Ramaphosa is leading the charge for a corruption-free government which honours agreements and contracts with investors.
“The investor environment is one characterised by a commitment to ethics and running a corruption-free administration. An ethical state is essential to assuring investors that their investment is safe from abuse. In addition, we are very clear about the rules of engagement with no other hidden agendas.
“Despite our recent challenges which we are working hard to overcome, such as load-shedding, our economy remains resilient and has enhanced reforms, especially on financing large infrastructure projects where we have opened up space for public –private partnerships. We are mobilising private sector financing and skills to work with the government of South Africa to fast track delivery and improve contract and project management,” he said.
Policies
At Wednesday’s session, the Minister faced gruelling questions around some of the country’s transformation policies such as Broad-Based Black Economic Empowerment (BBBEE), localisation and the Public Finance Management Act (PFMA), which some perceive to be too bureaucratic and impacts on investor confidence.
The Minister responded by saying that the policies are critical in redressing South Africa’s economic disparities induced by the pain of its history which left many languishing on the fringes of the economy.
“The South African government is creating a new economic landscape and architecture which is premised on economic inclusion of most of the population.
“Our quest to address the socio-economic imbalances of the past should be no threat to investors but should be part of building a united and democratic South Africa that benefits all its citizens.
“This is a consensus that we have built as a country what we want to be non-racial, non-sexist and democratic with a prosperous population,” said the Minister.
Meanwhile, investors expressed excitement about the vast opportunities available in infrastructure investments.
The Minister invited the investors to visit South Africa and share the country’s major investment platforms such as the Presidential Infrastructure Investment Summit 2024 and the South Africa Construction Week and conference to be announced soon.
He believes the Global Africa Trade Conference is a lucrative opportunity to rebuild South Africa’s economy in the wake of a disruptive pandemic of COVID-19.
Zikalala is confident that the new frontiers of economic partnerships have been cemented. The Minister will be in the UK until Friday. – SAnews.gov.za
Edwin
Thu, 11/09/2023 - 08:57
Former Transnet executives pension payouts interdicted
The Special Tribunal has handed down an order interdicting the pension payouts of two former Transnet executives linked to fruitless and wasteful expenditure of about R33.5 million at the state-owned entity.
The two are former executive managers responsible for group business continuity and disaster management Lerato Mary Theresa Makenete and former executive manager for safety, Landela Hawkins Madubane. Their pension funds amount to some R8.9 million.
The application for the order was brought to the court by the Special Investigating Unit (SIU) and the state-owned freight rail and logistics company.
“Transnet initiated and called on the support of the SIU to investigate this matter and requested the support of the SIU to expand and complete the investigations. An investigation by the SIU into the affairs of Transnet has revealed that Makenete and Madubane allegedly colluded with three service providers to abuse Transnet's emergency procurement process during COVID-19.
“During the emergency procurement…Transnet contracted Ramoyadi Air Conditioning, Ndzalo2 Trading and Eagles Ropes to deliver over a million disposable breathalyser straws. Makenete and Madubane allegedly colluded with suppliers to defraud Transnet by inflating the price of the straws from R0.29 per straw to R29.99 per straw, resulting in a total payment of R33 834 698.40,” the SIU and Transnet said in a joint statement.
The two institutions have initiated proceedings against Makenete and Madubane in an attempt recover the financial losses suffered by Transnet due to the overpayment and brought an application to review and set aside the contracts.
“Following the conclusion of the investigation, the SIU made disciplinary referral to Transnet against Makenete and Madubane. Transnet actioned the referral, however, they both failed to appear for disciplinary hearings, but the proceeding continued in their absence. The duo was found guilty and dismissed.
“[The] SIU refers any evidence pointing to criminal conduct it uncovers to the National Prosecuting Authority (NPA) for further action,” the statement read. – SAnews.gov.za
NeoB
Thu, 11/09/2023 - 10:29
Telkom, a leading technology company in South Africa, is proud to announce the launch of the Telkom Transformation and Innovation Awards, set to take place on the 14th of November 2023. This ground-breaking event marks the beginning of an annual celebration, recognising Telkom’s pivotal role in supporting technology-driven start-ups within the South African ecosystem. The …
For the fifth annual edition of the Twyg Sustainable Fashion Awards, a renowned panel of six local and international judges will bring a strong global perspective to the evaluation process. This will be the second year that this same panel will be judging the awards. “We are confident that this dynamic panel, with wide-ranging and …
FREE WORKSHOP : Music business 101 in George, Saturday 11 Nov 2023 at 10:00 FREE Tickets from : Quicket Speakers include : Music Exchange Founder : Martin Myers www.martinmyersct.com CEO of Jazzathon -Craig Parks Host Germaine Leonard from Garden Route Musicians Network MB101-FREEworshop.png Topics include, but not limited to the ones listed below: 1 )How …
Legal manoeuvres have stalled the case against former PRASA acting CEO Mthuthuzeli Swartz and businessman Syed Mohiudeen
SARS receives 7 million personal income tax returns
The South African Revenue Service (SARS) has received seven million non-provisional returns from compliant taxpayers, who have fulfilled their legal obligations by filing their personal income tax (PIT) returns by the end of the Filing Season.
SARS has received a total of seven million returns from non-provisional taxpayers, compared to six million last year.
SARS said 88% of returns were processed online via the eFiling and MobiApp platforms; 93% of returns were processed in five seconds; 79% of refunds were processed in 72 hours, and more than R29 billion has already been paid in refunds.
SARS has also thanked taxpayers who made outstanding payments that were due.
“SARS Auto-Assessment is also gaining traction with four million taxpayers receiving assessments already calculated in the current year, up from three million the previous year.
“The rapid development of data science, algorithms, machine learning and the various third-party data sources has enabled SARS to provide taxpayers with a smooth and seamless service experience.
“While these digital platforms have been used to give the best service to compliant taxpayers, it has also allowed SARS to identify categories of non-compliant taxpayers,” SARS said on Tuesday.
SARS has seen an increase in the levels of compliance; however, it remains concerned about non-compliant taxpayers who have not submitted a return as required.
SARS has identified the following in relation to non-compliant taxpayers:
“Non-compliant taxpayers are reminded that they do face legal consequences for failing to register, file a return and/or make payments where applicable.
“These taxpayers are urged to regularise their tax matters as a matter of urgency and are encouraged to approach the Voluntary Disclosure (VDP) unit before SARS contacts them.
“If such a taxpayer’s VDP application reaches SARS after SARS has contacted them, the VDP option falls away and their applications will not be accepted. SARS is willing and ready to assist taxpayers who want to be compliant. Where taxpayers wilfully and intentionally ignore their legal obligations, SARS will act sternly,” SARS said.
SARS Commissioner Edward Kieswetter expressed his appreciation to compliant taxpayers who have discharged their legal obligations.
“Some taxpayers are intentionally non-compliant by making false declarations to SARS or plainly ignoring their legal obligations. Those who engage in such conduct must know that what they are doing is in fact not only a civil offence, but also a criminal offence, which will be met with the proportionate response. The courts have confirmed that SARS is acting lawfully by confronting non-compliance,” Kieswetter said. – SAnews.gov.za
nosihle
Wed, 11/08/2023 - 09:27
Patel unveils strategy charting the course for SA's Global Business Services
Trade, Industry and Competition Minister Ebrahim Patel on Tuesday unveiled a forward-looking strategy charting the course for South Africa's Global Business Services (GBS) sector.
Patel made the announcement during his opening address at the annual BPESA [Business Process Enabling South Africa] GBS | BPO Conference, which took place in Cape Town.
Patel highlighted the sector's pivotal role in job creation and economic expansion, emphasising the vital partnerships between government, private sector and employees.
He noted the GBS sector's achievements, citing its contributions to job growth, geographic expansion and its impact on the national economy.
Government has invested more than R3 billion since 2016 in the sector, which currently employs more than 31 000 employees in firms receiving national government support, earning significant sums of foreign exchange to the country. The industry has a Sector Masterplan that drives its growth and development.
Patel outlined the next phase of the GBS sector, focusing on expanding operations across provinces and towns, with a strong emphasis on high-value services in services in Information Technology, finance, health, legal and retail.
The sector will need to address the challenges of artificial intelligence in consumer servicing markets. Underlining the importance of language and technical skills, he stressed the need to tap into South Africa's diverse talent pool and the country's robust customer service culture.
He noted a number of strengths in the local economy that international investors pointed to as reasons for choosing SA as a destination for their GBS-centres.
South Africa now services markets in the United Kingdom, United States of America, Canada, Australia, China, Mauritius, Belgium, the Netherlands, Germany and France.
The sector was youth-focused, with 90% of employees being young people, and six out of ten employees being women.
“The face of the industry is female and young people, which fits in well with our national priorities,” Patel said.
Addressing the crucial issue of ethical sourcing, Patel acknowledged consumers' growing awareness of social and environmental conditions.
He emphasised the industry's commitment to ethical practices and called for improved social impact and strengthened labour relations and decent working conditions, in line with the principles enshrined in the South African constitution.
"Ethical sourcing presents both a market challenge and a tremendous opportunity. As consumers demand transparency in production conditions, we must showcase our strengths while enhancing their impact in local operations," Patel said.
With a government allocation of R569 million to the GBS sector this financial year, these initiatives mark a significant stride toward ensuring the sector's resilience, competitiveness and positive impact on both the national economy and the workforce. – SAnews.gov.za
Edwin
Wed, 11/08/2023 - 14:19
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SA remains the preferred investment destination in Africa
President Cyril Ramaphosa has emphasised that South Africa remains one of the preferred investment destinations and is an important gateway for markets and other business opportunities throughout the continent.
The President was delivering remarks at the Procter & Gamble Plant launch in Kempton Park, in Ekurhuleni, Gauteng.
“As a clear demonstration of the value of trade between African countries, Procter & Gamble currently exports from South Africa to Namibia, Swaziland, Mozambique and Botswana. We understand that the company is set to supply the African continent from South Africa through the implementation of the African Continental Free Trade Area.
“The African Continental Free Trade Area will unlock opportunities for the development of export markets, enhance industrial bases and regional value chains.
“We expect the continental free trade area to reduce the cost and improve the ease of doing business in Africa,” he said, adding that government wants to make the movement of products, processes and people seamless as companies increase their footprint on the continent.
Over the years, P&G has been a valuable partner to the South African government through the South Africa Investment Conference (SAIC), continually announcing new investments.
Procter & Gamble stands behind many brands that are household names in South Africa, such as Vicks, Old Spice, Gillette, Oral B and Pampers, amongst others, and has a strong manufacturing footprint in the country.
The company has been in Africa for over 50 years. It has manufacturing operations in South Africa, Nigeria, Kenya, Egypt and Morocco, and has distributor operations in over 45 countries.
The President said that it has been greatly encouraging to see the company’s response to South Africa’s ambitious investment drive and the investment commitments made by the company at the five South Africa Investment Conferences that we have held since 2018.
“It is a pleasure being here today with all of you to launch this state-of-the-art production line of Pampers Premium Care. The timing of this launch is very opportune.
“South Africa has just hosted the 20th AGOA Forum. It was an opportunity to showcase the capabilities of the African continent to the United States, the world’s largest consumer market. I was pleased to see that leading companies that have an established presence on our continent, like Procter & Gamble, were represented,” he said.
The launch of Tuesday’s production line is the latest in a number of projects that have given effect to Procter & Gamble’s investment pledges.
Through these and other investments, Procter & Gamble is contributing to the reindustrialisation of South Africa’s economy.
“To drive growth that is sustainable and inclusive, we are working to expand and diversify our manufacturing base, and improve its competitiveness and dynamism,” he said.
The President noted that disruptions to global supply chains caused by COVID-19 lockdowns have highlighted the imperative for companies all over the world to diversify their sources of supply.
Investment
“Just as we have seen the benefits of nearshoring and localisation for South African manufacturers, we can appreciate its value to broader global supply stability.
“South Africa is an investment destination with significant untapped potential. We have the ability to attract higher levels of investment and we look forward to working with Procter & Gamble on its future pipeline of investments,” he said.
While investment decisions often take several years to reach fruition, the President said that the investment commitments made to date have already resulted in substantial investment into the productive economy and have created jobs.
He highlighted that Procter & Gamble has heeded government’s call and has sought to increase the participation of small South African businesses in its value chains.
“We are encouraged by the company’s commitment to sourcing local materials, reducing waste, promoting skills development and creating more roles for women in the company.
“We welcome the work the company has undertaken alongside government departments in expanding access to menstrual hygiene products and supporting Early Childhood Development centres.
“We see these partnerships as a testament to the continued commitment of Procter & Gamble to South Africa and the African continent,” the President said.
The President emphasised that government will continue to support Procter & Gamble to increase its footprint through local sourcing and to contribute to job creation, technological development and sustainability.
He congratulated the Procter & Gamble team, from the shop floor to the senior executives, on the launch of this production line.
The President further congratulated the team for the continuous stream of investments being made to increase the company’s footprint on the continent.
“Through the launch of this production line, Procter & Gamble is making a worthy contribution towards our vision of African producers supplying quality goods to African markets.
“This is the vision of a continent that is emerging as the next frontier of global production, meeting the needs of its own people and the peoples of the world,” he said. – SAnews.gov.za
DikelediM
Wed, 11/08/2023 - 15:55
In a world where space often feels like a premium commodity, the need for reliable and secure storage solutions has never been greater. Whether you’re an individual seeking extra room for personal belongings, a business requiring a secure repository for important assets, or a company drowning in the paperwork of yesteryears, Prestige Storage stands as …
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