Continental

4 April 2025

SA unveils strategic economic diversification plan amid US tariffs

Location: News

SA unveils strategic economic diversification plan amid US tariffs

South Africa has unveiled a comprehensive strategy to mitigate the economic impact of new United States tariffs, focusing on export diversification, value-added production, and strengthening regional trade partnerships.

This is after United States President, Donald Trump, announced global reciprocal tariffs on most imported goods, with South Africa facing a 31% tariff increase.

“The new tariff regime arising from the decision by the United States of America, which have been directed not only to South Africa, but the entire world, necessitates strategic responses to maintain and grow our industrial base, as a crucial avenue to pursue inclusive growth,” the Minister of International Relations and Cooperation, Ronald Lamola, said on Friday.

Lamola was speaking during a joint media briefing with the Minister of Trade, Industry and Competition, Parks Tau.

He informed journalists that South Africa will continue to tackle the challenges and seize opportunities with resilience and innovation, as the country moves forward with ensuring economic growth, industrial development, and the well-being of its citizens.

Lamola outlined plans to navigate the challenges posed by the 31% tariffs set to take effect from 9 April 2025.

These include negotiating favourable trade agreements with the United States; leveraging the African Continental Free Trade Area (AfCFTA) to boost intra-African trade; and prioritising high-value manufacturing to reduce tariff exposure.

In addition, he said government remains committed to building economic resilience, exploring alternative market access through existing trade agreements and strategic partnerships with countries across various regions.

“We will intensify efforts to diversify export destinations, targeting markets across Africa, Asia, Europe, the Middle East, and the Americas,” the Minister stated.

According to Lamola, government aims to reduce dependence on single export markets and foster economic resilience.

Meanwhile, he announced that the State will invest strategically in industries impacted by the tariffs, supporting economic growth through modernisation and targeted infrastructure development.

The sweeping tariff measures will affect several sectors of South Africa’s economy, including automotive, industrial agriculture, processed food and beverage, chemical, metals, and other segments of manufacturing.

According to Lamola, South Africa’s tariff and industrial strategy are designed to support industrial development, employment growth, and economic resilience.

“By aligning these policies with the national interest, South Africa will ensure that its economy emerges stronger, more diversified, and resilient in the face of global trade complexities,” he explained.

This approach will also apply to the 7 February Executive Order, which led to the withdrawal from the Just Energy Transition (JET) partnership with South Africa.

“South Africa’s average tariff is 7.6% and therefore South Africa needs clarity on the basis for the 31% to be implemented by the US.”

Lamola clarified that products such as copper, pharmaceuticals, semiconductors, lumber articles, certain critical minerals, and energy and energy products, have been exempted from the reciprocal tariffs.

These reciprocal tariffs will also not apply to products already facing Section 232 tariffs of 25%, such as steel, aluminium, automobiles, and auto parts.

Currently, the Minister said the United States represents 7.45% of South Africa’s total exports, while South Africa accounts for only 0.4% of the United States’ imports.

“As such, South Africa does not constitute a threat to the US, and there is a trade imbalance in favour of South Africa. It is mainly on agricultural products, which are counter-cyclical, and on minerals, which are inputs in US industries.”

Highlighting the potential impact, Lamola noted that the tariffs “effectively nullify the preference that Sub-Saharan African countries enjoy under the Africa Growth and Opportunity Act (AGOA).”

However, despite the challenges, Lamola said government remains optimistic.

“The tariffs affirm the urgency to negotiate a new bilateral and mutually beneficial agreement with the US, that will establish more fair-trade relations with the US as an essential step to secure long-term trade certainty,” Lamola added.

Transparency in tariff calculations

Meanwhile, Tau stressed the need for confirmation from the United States on how they arrived at the tariff number, referencing international norms and standards.

He also highlighted the importance of transparency in tariff calculations, using World Trade Organisation (WTO) standards and the most favoured nations mechanism.

“And that’s why we are advocating for a reform of the World Trade Organisation and ensuring that it’s able to adapt to current reality, but also ensuring that we’re able to reinforce a multilateral system of trade and transparency across the board. Otherwise, you’re going to have an environment where there are no global rules,” Tau added. – SAnews.gov.za

Gabisile
Fri, 04/04/2025 - 13:08
177 views

2 April 2025

Gauteng targets R300 billion in investments to boost economy

Location: News

Gauteng targets R300 billion in investments to boost economy

Gauteng Economic Development MEC, Lebogang Maile, says the province is aiming to secure at least R300 billion in investment pledges at the Gauteng Investment Conference (GIC), to be held in Johannesburg.

The MEC was speaking during a media briefing on the state of readiness of the province to host the conference, to be held at the Johannesburg Stock Exchange, in Sandton, on 3 April 2025.

“Leaders across all tiers of government, including Minister of Trade, Industry and Competition, Parks Tau, Premier of Gauteng Premier Lesufi, and Johannesburg Mayor Dada Morero, will provide inputs at the conference. The keynote address will be delivered by the Deputy President, who also serves as the Leader of Government Business in South Africa, His Excellency, Paul Mashatile.

“Of equal significance is the large contingent of leaders across the business and government sectors on the African continent, the African diaspora and the globe. With over 50 companies represented, the conference will be a convergence point of the world’s most important companies in various sectors,” Maile said.

The Gauteng province is of importance for South Africa’s economy and contributes at least 33% to the national Gross Domestic Product, and nearly 7% of sub-Saharan Africa’s output.

“The [GIC] is a transformative event in affirming the place of the Gauteng province in the continental economy. We are asserting that the development of Gauteng is in the best interest of South Africa, the Southern African Development Community and the continent broadly.

“Thus, investment in the economy of Gauteng extends beyond the confines of its provincial borders into other lands across the entire continent,” the MEC said.

Furthermore, the conference will also serve as a platform for critical dialogue that will “enable direct engagement between policy makers, investors and industry experts”.

“This will ensure that we come out with tangible and applicable outcomes. The sessions will focus on, amongst other things, public-private infrastructure investments, as well as key Gauteng most dynamic and high growth sectors, including…advanced manufacturing, green and renewable energy, ICT [information and communication technology] and data infrastructure, transport and logistics, smart property development and urban regeneration, as well as tourism and the creative economy,” he said.

Maile emphasised that these sectors are critical to ensuring development on a provincial, national and continental level.

“Investment in these sectors offers the most reliable instrument for ensuring sustainability and development, offering a clear path to economic prosperity that is anchored on inclusive growth, environmental protection and human development,” Maile said. – SAnews.gov.za

NeoB
Wed, 04/02/2025 - 13:46
264 views

27 March 2025

SA, DRC strengthen ties amid security concerns

Location: News

SA, DRC strengthen ties amid security concerns

International Relations and Cooperation Minister Ronald Lamola has met with his counterpart from the Democratic Republic of Congo (DRC), Thérèse Kayiwamba Wagner, to enhance bilateral cooperation and address ongoing security challenges.

During the political consultations, Lamola expressed his condolences due to the turmoil affecting the Congolese people, particularly vulnerable groups such as women and children.

“The security situation in the eastern Democratic of the Congo is fragile and is cause for concern. Many people have lost their lives and, millions, especially women and children, have been displaced,” he said on Thursday.

He noted that the United Nations Security Council had convened multiple emergency sessions to address the crisis.

“The United Nations Security Council convened no less than three emergency sessions to review developments in the eastern DRC. Similarly, our regional and continental organisations have also met and called for a ceasefire, an end to hostilities, facilitation of humanitarian assistance, and a return to the peace talks.

“The people of the eastern Democratic Republic of the Congo are yearning for peace and normalcy. We dare not fail them.”

South Africa has pledged its unwavering support for peace efforts in the region as it backs ongoing mediation initiatives aimed at achieving a long-term resolution to the conflict.

Lamola highlighted the appointment of former President Kgalema Motlanthe to the mediation team, stressing his extensive political experience as an asset in the quest for peace.

“We have no doubt that with his vast political experience, former President Motlanthe will be an asset to the team,” he added.

Lamola and Wagner, the DRC Minister of Foreign Affairs, International Cooperation, and Francophonie, reviewed the state of bilateral relations during their meeting and reflected on the commitments made during the recent Bi-National Commission (BNC) session.

“We should examine progress in our joint efforts of promoting trade and investment between our countries, an area which is critical to the growth of our respective economies and the improvement of the lives and livelihoods of our people.”

As South African companies show increased interest in investing in the DRC, Lamola encouraged both nations to create the necessary conditions for these investments and announced that the country’s development finance institutions are also willing to extend and expand their coverage.

“Working together I am confident that we will create the necessary conditions for these investments to be realised,” he added.

The two countries plan to convene a comprehensive review of BNC outcomes in the coming months, setting the stage for the next session later this year.

Lamola said Wagner’s visit was a testament to the commitment of both nations to foster a stronger partnership.

“Senior officials should be directed to put their shoulders to the wheel to follow through all the tasks that have been agreed to but remain outstanding.”

Lamola and Wagner were joined by the Ministers of Defence from both locally and the DRC. – SAnews.gov.za

Gabisile
Thu, 03/27/2025 - 13:03

198 views

23 March 2025

IAEOG Namibia 2025

Location: News

We bring you compliments from the Chairman Hon. Justice Suleiman Galadima JSC, CFR, OFR (Rtd.) and the Management of African Peace Magazine UK (https://AfricanPeace.org/).

African Peace Magazine UK, has been publishing for well over 15 years, and we are committed to promoting Peace, business networking, good governance and improved condition of living for Africans.

We are pleased to invite you to the 2025 International African Energy, Oil and Gas Summit, an event pivotal for those eager to stay abreast with the latest trends, innovations and opportunities in the oil and gas industry in Africa.

The International African Energy, Oil & Gas Summit & Awards/Exhibition (IAEOG) is few months away, kicking off on 4^th-10^th of August 2025.

This premier event continues to grow remarkably each year, with over 2500 attendees expected to converge from more than 50 countries under one roof.

The IAEOG is an interactive exhibition and networking event that unites global and African Energy key players, stakeholders, and decision makers.

This event is a proactive endeavor supporting the AfCTA's mission to forge regional value chains in Africa, aims at stimulating investment and job creation across the continent and ensure energy security.

AfCFTA ultimate goal is to unify approximately 1.3 billion people across Africa, with a collective GDP of nearing US$ 3.4 trillion.

The African Peace Organization, in conjunction with other strategic partners is set to organize the 4^th Edition of the International African Energy, Oil and Gas Summit Namibia 2025 with the Theme: Getting it Right, scheduled to hold on the 4th -10th of August 2025 in Namibia. It would feature panel discussions, presentations, exhibitions, dinners, golf tournament, award presentations, tours and a host of others. The venue for Charity Golf Tournament; is the 18th Hole Championship Golf Course of the prestigious Windhoek Golf & Country Club.

The event seeks to promote further business corporation between Nigeria – Namibia and other African Countries as a follow up to the African Continental Free Trade Agreement.

The summit will bring together high level top executives, CEOs, Managers, investors, the business community, government agencies, exporters and importers from oil and gas sectors from across Africa and the world. To deliberate on the challenges and opportunities of the energy transition and the future of oil and gas in Africa

Further the purpose of the summit is to facilitate trade amongst African countries and the world by providing a physical networking platform for participants to interface with their potential clients and partners, as well as to attract investment opportunities for business growth across Africa particularly in the oil and gas sector.

Join 540+ downstream trailblazers across reliability & maintenance, shutdown & turnarounds and capital projects at the Namibian oil and Gas summit 2025 sharing exclusive lessons learned and new best practices during 3-days of interactive, peer-led discussions and explore 50+ booths showcasing the latest innovation driving efficiency and safety.

Green Energy International Ltd (GEIL), an indigenous Nigeria oil and gas producing company and operator of the Otakikpo Marginal Field in OML-11, will attend and participate as a Bronze sponsor at this year's edition of the conference. The company is one of Nigeria's most vibrant service companies driving investment and infrastructure development for economic growth.

Distributed by APO Group on behalf of African Peace Magazine.

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About African Peace:
African Peace Organization is an international organization for peace promotion, cultural relations, good governance and educational opportunities.

We build connections, understanding and trust between Africans and world. APO is also the organizer of the prestigious African Peace Awards.

APO is a brand which includes African Peace Television, African Peace Radio and African Peace Magazine. APO has been publishing for well over 15 years, and we are committed to promoting Peace, business networking, good governance and improved condition of living for Africans.

African Peace Organization through its Magazine condemns violence and acknowledges those who strive to make the strife disappear. It features pieces, articles and write-ups which go a long way in promoting this noble cause of peace. We at African Peace Magazine believe that every sector of a nation contributes in the collective journey of a peace country.

The IAEOG 2025 Summit will take place in August 2025; it will unveil investment prospects and connect global players to the growing Namibian oil and gas market.

Secure Your Exclusive Group Rate & Network with Global Oil & Gas Leaders in Namibia.

We would like to present an exclusive group booking rate for your attendance at IAEOG, buy 4 early bird delegate passes, and receive 1 complimentary pass. By joining us at the event, your team will gain market insights, forge essential connections, and meet our sponsors, partners, and speakers.

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17 March 2025

SA is addressing port challenges, says Deputy President

Location: News

SA is addressing port challenges, says Deputy President

Deputy President Paul Mashatile has assured executives from Isuzu Motors Limited’s headquarters in Japan that South Africa is actively working to resolve its port and infrastructure issues.

This comes in the wake of significant congestion, infrastructure shortfalls, and equipment failures at the country’s major ports, which have affected both import and export operations.

“I am pleased to report that we have dealt with energy issues that affected our economy,” the Deputy President said on Monday.

The Deputy President spoke at the Isuzu Fujisawa Plant where he is currently on a working visit with a delegation that includes Ministers, Deputy Ministers, and senior government officials.

READ | Deputy President Mashatile arrives in Japan for a working visit

The purpose of the visit is to strengthen cooperation between the two nations in areas of mutual interest.

The multinational corporation that manufactures commercial vehicles, diesel engines, and automotive parts has a significant presence in South Africa.

As a Japanese automobile manufacturer, Isuzu has been in South Africa for a long time and is well-known for its trucks and bakkies.

“As a country, we are honoured that the Isuzu Motors South Africa Struandale Plant in Gqeberha, in our Eastern Cape province, is the first fully-owned plant outside Japan whereas in other countries Isuzu produces vehicles through joint ventures and license agreements.

“This shows great confidence in our country and our people for the skills necessary to produce these trucks and bakkies.”

According to the Deputy President, the Struandale Plant produces 28 500 vehicles per annum and has dealerships across 26 countries in Africa.

With the Africa Continental Free Trade Area (AfCFTA), the Deputy President stated that the continent has created even more opportunities for Isuzu to export and operate in over 54 countries that have signed the agreement.

The AfCFTA creates the largest single free trade business area, with 1.3 billion people and a gross domestic product (GDP) of US$3.4 trillion.

Isuzu also exports to the European Union (EU) under the Southern African Development Community (SADC) -EU Economic Partnership Agreement, in addition to being active in Africa.

“Therefore, South Africa is the place to be, indeed a gateway into the continent and the rest of the world including Japan under the generalised system of preferences.”

The country’s second-in-command described Isuzu as a model investor in South Africa, contributing to employment, skills development, and supplier and enterprise development.

“I also understand that Isuzu contracted 107 suppliers with over 700 parts being localised in South Africa and some integrated into Isuzu global supply chains,” he said, adding that Isuzu achieved Level 1 Broad-Based Black Economic Empowerment (BBBEE).

He informed the delegation that the government, through the Automotive Production Development Programme, has provided essential support to Isuzu.

During the working visit, the Deputy President and his delegation will engage with the business community in Japan to enhance economic relations.

They will focus on key areas such as manufacturing and machinery, mining and mineral beneficiation, energy cooperation, the automotive industry, and improving market access for South Africa’s agricultural products.

He is also expected to meet with Dr Akihiko Tanaka, the President of the Japan International Cooperation Agency (JICA) today.
JICA is a government agency that is actively involved in various development projects in South Africa.

On Tuesday, he will pay a courtesy visit to Prime Minister Ishiba Shigeru of Japan and visit the Meiji Jingu Shinto Shrine. – SAnews.gov.za

Gabisile
Mon, 03/17/2025 - 11:45

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13 March 2025

Access Bank’s Africa Trade Conference Ignites New Era of Intra-Africa Commerce

Location: Business

Access Bank PLC (www.AccessBankPLC.com) successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts to drive solutions for accelerating intra-African trade and unlocking the continent's economic potential. The conference tackled critical challenges, including limited access to capital, market information gaps, trust deficits between trading partners, and the urgent need for modernised trade infrastructure.

Roosevelt Ogbonna, Managing Director/CEO of Access Bank, delivered the opening remarks, setting the tone for discussions by highlighting the critical barriers hindering trade across Africa. He emphasised the urgent need for financial sector collaboration to facilitate seamless access to capital and foster a business environment where African enterprises can scale and compete globally.

“We must invest in the initiatives that ensure that we can bring businesses together, forge trust, and create the connections necessary for trade. In doing so, we must stamp out the narrative that 'Made in Africa' is inferior to any product made anywhere else in the world. We must buy Africa, be proud to wear Africa, and invest in Africa because that is what the continent needs to leap forward into the next generation,” Ogbonna stated.

With Africa's population projected to surge to 2.5 billion by 2050 from 1.2 billion, the African Continental Free Trade Area (AfCFTA) stands as the most significant free trade initiative since the formation of the World Trade Organisation. By fostering economic integration, AfCFTA has the potential to reshape trade dynamics across the continent, creating a unified market that enhances industrialisation, boosts employment, and strengthens Africa's global competitiveness. Recognising this transformative opportunity, H.E. Wamkele K. Mene, Secretary-General of AfCFTA, emphasised the urgency of fully implementing the agreement to unlock its immense benefits.

"The AfCFTA is not just a trade agreement; it is an instrument for Africa's industrialisation and economic sovereignty. It is a tool that will enable us to break down historic trade barriers and build an Africa that is self-sufficient, competitive, and prosperous. But for this to happen, we must commit to operationalising the agreement fully, ensuring that businesses, particularly SMEs and women-led enterprises, have access to the information, capital, and platforms they need to thrive,” Mene stated.

Also, Kanayo Awani, Executive Vice President of Afreximbank, emphasised the importance of financing mechanisms that support African businesses in their expansion across borders. She reaffirmed Afreximbank's commitment to championing trade finance solutions and infrastructure investments that will unlock Africa's trade potential.

“At Afreximbank, we understand that trade finance is the lifeblood of economic development. Without it, businesses cannot scale, industries cannot innovate, and Africa cannot fully realise its trade potential. This is why we have developed instruments such as the Pan-African Payment and Settlement System (PAPSS) to facilitate seamless transactions across borders, reducing reliance on foreign currencies and strengthening intra-African trade,” Awani remarked.

The conference featured an insightful testimonial from Nathalie Louat, Global Director at the IFC/World Bank Group, who pointed out the pivotal role of trade finance in enabling cross-border transactions and supporting financial inclusion. She underscored the long-standing partnership between IFC and Access Bank in fostering Africa's economic resilience.

Several high-level panel discussions explored strategies to overcome trade barriers and enhance market access through innovative solutions. Experts from leading institutions, including Deutsche Bank, Traydstream, OWP Partners, Fiducia International, and more, examined how infrastructure improvements, digital solutions, and policy harmonisation could drive economic growth and boost intra-African trade.

Dr. Marc Auboin from the World Trade Organization (WTO) shared key insights on how digital transformation is reshaping Africa's supply chain landscape, creating efficiency and unlocking new global market opportunities. Tanya Dos Santos-Ford from GIBS Business School also led a session on sustainable trade practices, emphasising the need for environmentally responsible economic growth strategies.

The event culminated in an awards ceremony recognising outstanding contributions to intra-African trade and economic transformation. Tradepass Commodities Limited (Ghana), Chemaf International FZE (DR Congo), and Harvest Group of Companies (Zambia) were honoured for their impact on SMEs and women-led trade enterprises. Bulkstream Limited (Kenya) and Electricidade de Moçambique (Mozambique) received awards for advancing intra-African trade, while Tennant Metals South Africa Pty Ltd was recognised as an Emerging Leader in Trade.

The International Finance Corporation (IFC) was awarded the Climate Finance Leadership Award, while Afreximbank received the Champion of Intra-African Trade Award. The African Development Bank (AfDB) and Africa Finance Corporation (AFC) were celebrated for their roles in economic transformation and infrastructure finance, respectively. The prestigious African Icon Award was presented to IHS Group, Dangote Industries Limited, and MTN Group Limited for their significant contributions to Africa's economic progress.

As the conference ended, Seyi Kumapayi, Executive Director, African Subsidiaries at Access Bank, reaffirmed the institution's commitment to supporting trade finance, fostering regional integration, and championing policies that create an enabling environment for businesses across Africa.

For inquiries:

Olakunle Aderinokun
olakunle.aderinokun@theaccesscorporation.com

Distributed by APO Group on behalf of Access Bank PLC.

About Access Bank PLC:
Access Bank PLC, a wholly owned subsidiary of Access Holdings PLC, is a leading full-service commercial bank operating through a network of more than 700 branches and service outlets spanning three continents, 24 countries and over 60 million customers. The Bank employs over 28,000 people in its operations in Africa and Europe, with representative offices in China, Lebanon, India, and the UAE.

Access Bank's parent company, Access Holdings PLC, has been listed on the Nigerian Stock Exchange since 1998 (now Nigerian Exchange (NGX)). The Bank is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise, proven risk management and capital management capabilities. The Bank services its various markets through three key business segments: Corporate and Investment Banking, Commercial Banking, and Retail Banking. The Bank has enjoyed what is Africa's most successful banking growth trajectory in the last 20 years, becoming one of the continent's largest retail banks.

As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant, helping customers to access more and achieve their dreams.

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13 March 2025

SA focuses on improving diplomatic relations with United States

Location: News

SA focuses on improving diplomatic relations with United States

Deputy President Paul Mashatile says South Africa is working on stabilising relations with the United States of America (USA), given the long-standing ties between the two nations.

Addressing the 7th BizNews Conference (BNC#7) at the Hermanus Municipal Auditorium in the Western Cape, on Thursday, the Deputy President said this partnership is also significant to South Africa's economic development goals.

The BizNews Conference is an annual event focused on investment, business and political issues.

The Deputy President emphasised the need for collaborative efforts, in light of recent cuts to key health funding programmes, such as the President’s Emergency Plan for AIDS Relief (PEPFAR).

PEPFAR was established by former President George W Bush in 2003 and continued under various administrations.

“The withdrawal of PEPFAR funding highlights the urgent need for South Africa to further strengthen its own interventions to reach the most vulnerable and access health services and support," Mashatile said.

He said the opportunity showed the importance of bolstering the country's own healthcare interventions and ensuring the delivery of health services without heavy reliance on external assistance.

"In this regard, we have been investing heavily in healthcare reform and responding to the dual epidemics of HIV/AIDS and TB. The Department of Health has put measures in place to ensure that patients receiving TB and HIV treatment are not affected and do not default," said the Deputy President.

Mashatile encouraged stakeholders to unite and support government in promoting South Africa's interests in the United States, including through mechanisms such as the African Growth and Opportunity Act (AGOA).

"The loss of AGOA benefits would have the most devastating effect on South African farmers and agriculture workers. AGOA is presently providing support to South Africa's agriculture and manufacturing sectors, which is expected to generate around $21 billion in trade with the United States.

“Therefore, our position is that South Africa should maintain strong bilateral relations with the United States. Most importantly, as a country, we are committed to improving mutually beneficial trade, political, and diplomatic relations with the United States,” he said.

Diversifying export markets and growing the economy

The country’s second-in-command stated that South Africa should push for diversified export markets, citing ongoing engagement with global powers such as China, Russia, India, and various European countries.

President Cyril Ramaphosa is currently co-chairing the EU-South Africa Summit, which aims to deepen relations with the European Union (EU) across several domains, including trade, security, and sustainable development.

In addition, Mashatile highlighted the importance of intra-African trade and financial cooperation through the African Continental Free Trade Area (AfCFTA).

According to the Deputy President, the AfCFTA is a crucial step toward reducing dependency on volatile global markets.

Mashatile believes that South Africa’s wealth of natural resources, including significant agricultural potential, is positioned as an attraction for investment.

He said government is committed to removing blockages to economic growth, lifting economic expansion to above 3% in the medium-term, and creating a cycle of investment, growth and jobs.

He outlined government’s plans to focus on improving productivity and innovating skills development through the National Digital and Future Skills Strategy as part of a broader vision for a knowledge-based economy.

Furthermore, he said the newly approved Reconceptualised Human Resource Development Strategy outlines priority goals aimed at enhancing early education outcomes, increasing youth employability, and ensuring that higher education aligns with market demands.

FATF grey list

The Deputy President said South Africa is making steady progress in efforts to be removed from the Financial Action Task Force (FATF) grey list.

"Through new legislation, we have strengthened our ability to prevent money laundering and fraud, and secure South Africa’s removal from the grey list of the Financial Action Task Force."

He said the country has addressed 20 of the 22 action items relating to combating money laundering and terrorist financing.

“These improvements are essential not only to remove ourselves from the grey list but also to strengthen the battle against crime and corruption, which is crucial for the betterment of all South Africans.

“We will continue to resolve both remaining action items by June, towards our removal from the grey list by October 2025,” he said.

Moreover, the Deputy President committed that South Africa will use its Group of 20 (G20) Presidency to place Africa’s development at the top of the agenda. – SAnews.gov.za

Gabisile
Thu, 03/13/2025 - 13:52
339 views

12 March 2025

Silica in Tyres Has Enabled Greater Safety

Location: Business

Continental replaced carbon black in tread compounds with silica for the first time in 1994. Prof. Burkhard Wies, Head of Applied Research and Innovation for Continental Tires: “Silica in rubber compounds was a revolution in tyre technology, enabling us to almost halve braking distances on wet road surfaces. This is still an enormous safety gain …

6 March 2025

G20 Leaders’ Summit at the end of the year to enhance tourism and economic growth

Location: News

G20 Leaders’ Summit at the end of the year to enhance tourism and economic growth

The upcoming Group of 20 (G20) Leaders’ Summit at the end of the year is anticipated to significantly enhance the tourism sector’s contribution to economic growth and job creation.

This is according to the International Relations and Cooperation Minister, Ronald Lamola, who shared this perspective while responding to a parliamentary question about his department’s strategy to leverage South Africa’s G20 Presidency to create sustainable benefits for the economy, particularly for small businesses in townships and rural areas.

“By hosting G20 meetings across all provinces, South Africa aims to achieve a considerable economic boost, attracting tens of thousands of delegates and support staff from major global economies to provinces throughout its year-long Presidency,” he told Members of Parliament (MPs).

South Africa assumed the Chair of the G20 on 1 December 2023, taking over from Brazil.

The G20 consists of 19 countries, along with the European Union (EU) and the African Union (AU), which joined last year.

This group brings together the world’s major and systemically important economies.

The Minister believes that this surge in tourism presents significant opportunities for South African provinces and cities to showcase their cultural heritage and tourism potential.

According to Lamola, South Africa’s Presidency of the G20 is anticipated to be one of the largest national projects, requiring whole-of-government and society participation.

From 1 December 2024 to 30 November 2025, South Africa will host well over 100 in-person meetings across the country.

“Firstly, the G20 will boost South Africa’s tourism sector, increasing employment and allowing provinces to showcase their cultural treasures.”

The Minister highlighted that the World Travel and Tourism Council (WTTC) reported that South Africa’s tourism sector employed 1.46 million people in 2023.

This number is expected to increase to 1.7 million jobs soon, driven by a targeted initiative aimed at significantly boosting employment over the next five years.

He also mentioned that WTTC statistics showed that tourism’s direct and indirect contribution to South Africa’s GDP was 8.2% in 2023, with expectations to rise to 8.8% in 2024.

In addition, it also allows for a demonstration of the nation’s advancements across multiple sectors.

According to Lamola, the G20 meetings are anticipated to generate considerable economic benefits, creating many direct and indirect jobs during and beyond this period.

The Minister believes that Africa’s G20 Presidency offers an opportunity to promote inclusive growth, combat poverty, and ensure sustainable development.

“Ultimately, the high-level deliverables and priorities identified for South Africa’s G20 Presidency will benefit South Africa at the national, continental, and global levels.

“The G20 serves as a strategic platform for South Africa to lobby for policies aimed at advancing the three strategic priorities of the seventh administration.”

These include driving inclusive growth and job creation, reducing poverty and tackling the high cost of living, and building a capable, ethical, and developmental State.

In addition, South Africa’s second priority under its G20 Presidency is ensuring debt sustainability for developing economies.

“In pursuing this, South Africa aims to see greater urgency in addressing the debt and solvency challenges many countries face, determining clear solutions to mobilise low-cost financing for development.

This approach will help reduce debt service costs for developing countries, including South Africa, thereby freeing up spending on essential services such as education, healthcare, and the infrastructure needed for economic development,” he told MPs.

Meanwhile, he said the nation seeks to leverage its G20 Presidency by promoting “harnessing critical minerals for inclusive growth and development.”

“South Africa calls for a G20 framework on green industrialisation and investments to ensure progress towards a grand bargain that adds value to critical minerals, particularly near the source of extraction.”

He believes that promoting the beneficiation and local value addition of resources at the source will result in a more additive rather than extractive relationship.

“As mineral extraction accelerates to meet the energy transition needs, the countries and local communities endowed with these rich resources must be the primary beneficiaries,” he added. – SAnews.gov.za

Gabisile
Thu, 03/06/2025 - 10:42
499 views

6 March 2025

SA hosts first G20 Tourism Working Group meeting

Location: News

SA hosts first G20 Tourism Working Group meeting

Tourism Minister Patricia de Lille has urged the G20 to find ways to use tourism to change the lives of communities around the world.

“As you convene during the first Tourism Working Group, I implore on all delegates to focus on how we can use tourism to change people’s lives, communities and the world,” she said in a video-recorded message.

The Minister was addressing the first G20 Tourism Working Group meeting held virtually from the Head Office of the Department of International Relations and Co-operation (DIRCO) in Pretoria.

Wednesday’s meeting was the first of a series of engagements that will take place throughout the year, ahead of the G20 Tourism Ministers’ Meeting in September 2025.

“South Africa is excited to welcome all G20 delegates, member states and organisations to our beautiful country and proud to host the G20 for the first time,” she said.

The Director-General at the department, Nkhumeleni Victor Vele, chaired the meeting which was attended by senior officials and experts in the tourism sector of the G20 countries, invited guest countries and international organisations.

At the meeting, delegates deliberated on and agreed to work on four priorities for the year namely:

• People-Centered Artificial Intelligence (AI) and Innovation to enhance Travel and Tourism Start-Ups and SMMEs,
• Tourism Financing and Investment to Enhance Equality and Promote Sustainable Development,
• Air Connectivity for Seamless Travel, and
• Enhanced Resilience for Inclusive, Sustainable Tourism Development.

The Tourism Working Group will exchange knowledge and best practices among the member countries with a view of crafting actionable deliverables. The group is among the 16 working groups of the G20 during South Africa’s Presidency focusing on solidarity, equality and sustainability.

In its statement, the Department of Tourism said that as the first African country to preside over the G20 Presidency, South Africa is utilising its term to drive a developmental agenda to benefit the African continent.

Going forward, the following G20 Tourism Meetings are planned in South Africa:

• 2nd G20 Tourism Working Group Meeting from 11 to 13 May 2025 in KwaZulu Natal province.
• 3rd G20 Tourism Working Group Meeting from 10 to 11 September 2025 in Mpumalanga.
• G20 Tourism Ministers’ Meeting on 12 September 2025 in Mpumalanga.

The G20 economies represent around 85% of the global gross domestic product (GDP), over 75% of the global trade and about two-thirds of the world population.

In 2023, the G20 welcomed 69% of all international tourists and accounted for 71% of tourism exports worldwide. In 2023 Tourism Direct GDP reached 3.1% of the G20 economies.

The department added that tourism plays a critical role in the global economy and is one of the vital economic sectors contributing significantly to socio-economic development but remains vulnerable to natural and manmade hazards.

For many countries, the tourism economy is growing faster than most other economic sectors. With its extensive value chain and labour absorption capacity, it is acknowledged as a tool for inclusive economic development, playing a significant role in responding to socioeconomic challenges.

“Tourism is an important economic sector in Africa. In 2023 the continent’s tourism direct gross domestic product reached 85 US billion [dollars] representing 3.5% of the region’s GDP. This value is still below the pre-pandemic 94 US billion [dollars] reached in 2019 (4.3% share).”

The challenges facing the African travel and tourism sector include air connectivity, limited investments, financing for tourism development, positioning and marketing, social and environmental sustainability, as well as safety and security, among others.

South Africa’s tourism priorities for the 2025 G20 Presidency are aligned with the continental priorities as expressed in Agenda 2063 as well as with the core objectives contained in the UN Tourism Agenda for Africa – Tourism for Inclusive Growth, the strategic roadmap guiding the promotion of sustainable tourism development across the African continent.

The meeting also appreciated South Africa’s intention to build on the efforts and successes of the last three G20 Presidencies of the Global South and to champion Africa’s developmental agenda. – SAnews.gov.za

Edwin
Thu, 03/06/2025 - 10:09
116 views

4 March 2025

W Cape welcomes lifting of ban on vegetable exports to Botswana

Location: News

W Cape welcomes lifting of ban on vegetable exports to Botswana

Western Cape MEC for Agriculture, Economic Development and Tourism, Dr Ivan Meyer, has welcomed the lifting of the ban on vegetable exports to Botswana.

This is after the previous administration of Botswana, led by President Mokgweetsi Masisi, imposed a ban on South African produce to support domestic farmers and reduce reliance on imports, which has since been lifted by President Duma Boko.

Meyer believes this move will encourage increased trade among Southern African Customs Union (SACU) members, who view the African Continental Free Trade Area (AfCFTA) as a critical tool for developing regional value chains and enhancing exports.

According to the MEC, Botswana’s gradual lifting of vegetable imports will occur in two phases.

Phase 1, which began in December 2024, includes vegetables such as turmeric, patty pan, pumpkin, sweet potatoes, green peas, sweet corn, broccoli, cauliflower, gem squash, baby marrow, green bean, sweet melon, mushroom, calabash, cantaloup and eggplant.

Meanwile, Phase 2 is expected to start on 1 April 2025 and will see an easing of restrictions on beetroot, butternut, cabbage, carrot, garlic, ginger, green melon, herbs, lettuce, onion, potato, sweet pepper, tomato and watermelon.

The MEC said the Western Cape accounted for 37% (or R3.3 million) of South Africa’s vegetable exports to Botswana in quarter four of 2024.

Regarding the contribution to Phase 1 nationally, Meyer said the provincial share has steadily increased during the period under review, reaching 63% in quarter 3 of 2024 and dropping to 55% in quarter 4 of 2024.

“It is expected that with the lifting of import restriction for vegetables listed in Phase 2, there will be an improvement in South African exports to Botswana, including those from the Western Cape,” Meyer said.

The MEC has since encouraged fair trade between SADC partners, saying the lifting of these restrictions is a move in the right direction.

“Our trade relations with our regional partners are mutually beneficial,” he stated.

Meanwhile, he said an improvement in exports to Botswana takes the province closer to the Western Cape Government’s Growth for Jobs plan, which aims to triple the value of Western Cape exports of goods and services, including tourism, to R450 billion by 2035. – SAnews.gov.za

Gabisile
Tue, 03/04/2025 - 11:46
2 views

2 March 2025

SA and Chile sign trade cooperation agreement

Location: News

SA and Chile sign trade cooperation agreement

South Africa and Chile have signed an agreement that will see the two countries cooperate in areas of trade and industry promotion, decarbonisation and critical minerals among others, the Department of Trade, Industry and Competition (dtic) said.

The agreement was signed at the 8th meeting of the Joint Trade and Investment Commission (JTIC) between South Africa and Chile in Pretoria on Friday.

The agreement also extends to strengthening bilateral trade and investment relations in micro, small and medium enterprises (MSMEs) and women-led enterprises as well as value chains.

The JTIC was jointly led by the Deputy Minister of the dtic, Zuko Godlimpi and Chilean Vice Minister of Trade, Claudia Sanhueza Riveros.

Godlimpi said both countries have identified concrete steps to increase and further diversify trade and investment. These include exchange of products of export interest.

“In addition, we have also agreed on decarbonisation and adding value to our critical minerals, as President Cyril Ramaphosa has said that an era has passed whereas developing countries we find ourselves at the lower levels of global value chains.

“We agreed to explore cooperation to encourage beneficiation of these critical minerals. Beneficiation opportunities will include cooperation of fuels cell and battery manufacturing,” said Godlimpi.

The Deputy Minister pointed out that while both countries used the opportunity to discuss trade and investment opportunities that exist between them, it would also be important to understand opportunities that the private sector identify, as well as challenges.

“For Chilean companies operating in South Africa, they will have access to markets in [the] Europe Union, the European Free Trade Association, Mercosur and also on the continent of Africa through the Africa Continental Free Trade Area. There is a great potential for South Africa to serve as [a] gateway for Chilean companies into Africa.”

He further said that South Africa and Chile consider cooperation in small and medium enterprises and women-led enterprises as critical to promoting inclusive trade.

“There will be cooperation in exchange of knowledge and expertise, integration into global value chains, start-up programmes, export opportunities for incubators and finance for small businesses. Relevant ministries and agencies tasked with small and medium enterprises and women-led enterprises will make contact with each other before end of April 2025,” he said. -SAnews.gov.za

Edwin
Sun, 03/02/2025 - 12:07
93 views

28 February 2025

Call for vigilance as new Mpox cases surface

Location: News

Call for vigilance as new Mpox cases surface

The Department of Health has issued a call for heightened awareness among the public as three new laboratory-confirmed cases of Mpox have been detected.

According to the department, the first case, identified on 21 February 2025, involves a 30-year-old male residing in Ekurhuleni, Gauteng, who recently travelled to Kampala, Uganda.

“The patient was diagnosed with Grade I Mpox virus, which is currently circulating in the Democratic Republic of Congo and Uganda and has been reported in travellers returning to many locations around the globe,” the statement read.

The other two confirmed cases - a 30-year-old male and a 27-year-old female, both from Ekurhuleni, were identified through thorough contact tracing and monitoring efforts led by outbreak response teams.

The department believes this development highlights the vital importance of open communication from primary cases to facilitate effective contact tracing.

“All three cases are now recovering and self-isolating at home,” said the department.

The latest statistics bring the total cumulative number of positive cases from 25 to 28 cases, including three deaths since the outbreak in May last year.

Meanwhile, these are the first positive cases of Mpox recorded in South Africa this year after the last infection was reported in September 2024.

Globally, Mpox continues to be a Public Health Emergency of International Concern (PHEIC) and a Public Health Emergency of Continental Security (PHECS) as per the declarations by both the World Health Organisation (WHO) and Africa Centres for Disease Control and Prevention (Africa CDC) in August 2024.

While the department assures that there is no need for public alarm, it stressed the importance of remaining vigilant regarding the transmission of Mpox.

Symptoms to watch for include a rash lasting two to four weeks, fever, headache, muscle aches, back pain, fatigue, and swollen glands.

Generally, Mpox presents as a mild, self-limiting disease with a low case fatality rate.

The risk of widespread transmission in South Africa at this time is considered low; however, the department said the disease can affect individuals across all ages, genders, sexual orientations, and races.

“The department urges all people experiencing any of the symptoms, with or without travel history to countries and regions experiencing Mpox outbreaks, or who had close contact with known Mpox patients to seek medical care.

“Although, the country has a limited stock of Mpox-specific vaccines for the treatment of patients who experience severe health complications as a result of this disease,” it said.

Residents were also reminded to practice handwashing with soap and water or alcohol-based hand sanitisers, especially before eating or after using the restroom, to help mitigate the spread of the disease. – SAnews.gov.za

Gabisile
Fri, 02/28/2025 - 16:06
69 views

27 February 2025

Cabinet approves submission of AfCFTA Protocol to Parliament

Location: News

Cabinet approves submission of AfCFTA Protocol to Parliament

Cabinet has approved the submission of the African Continental Free Trade Area (AfCFTA) Protocol on Women and Youth in Trade to Parliament for ratification.

The protocol aims to enhance the participation of women and youth in trade under the AfCFTA, and it outlines specific objectives such as helping women and youth traders to effectively participate in the market.

It also strives to foster value addition and innovation for increased imports and exports by women and youth as well as their inclusion in regional and continental value chains.

“The protocol also advocates for measures to eliminate discrimination, promote equality and inclusivity to ensure that women and youth benefit from trade opportunities,” Minister in the Presidency, Khumbudzo Ntshavheni told reporters on Thursday.

At the media briefing held following Cabinet’s meeting on Wednesday, the Minister said that other significant provisions of the protocol include eliminating non-tariff barriers affecting women and youth in trade, promoting their participation in policy formulation, and improving their access to finance.

“The protocol is expected to support women and youth in trade to take advantage of the opportunities presented by the AfCFTA and enhance their inclusive participation in intra-Africa trade.

Additionally, Cabinet has also approved the submission of the Protocol on Competition Policy under the AfCFTA to Parliament for ratification.

The protocol is an agreement by African Union (AU) member states to ensure that competition on the continent contributes to trade, inclusive growth, industrialisation and sustainable economic development.

The protocol focuses on preventing anti-competitive practices by providing a framework for addressing market concentration, abuse of power and other competition-related issues.

“The AU acknowledges that the absence of continental competition policies results in anti-competitive practices such as cartels and monopolies that abuse their market position,” said the Minister.

Cabinet said the protocol will apply to all economic activity within the AfCFTA market and will target anti-competitive practices including international and cross-border cartels that are not effectively regulated, as well as competitive practices initiated by larger enterprises operating outside the continent. -SAnews.gov.za

Edwin
Thu, 02/27/2025 - 12:33
39 views

26 February 2025

SA positioned to navigate challenging geopolitical situation – WEF President

Location: News

SA positioned to navigate challenging geopolitical situation – WEF President

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

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

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

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

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

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

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

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

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

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

READ | Cape Town to host B20 meeting

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

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

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

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

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

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

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

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

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

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

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

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

Gabisile
Wed, 02/26/2025 - 13:58
16 views

23 February 2025

Afreximbank to Set up $1 Billion Oil Service Financing Facility in Guyana

Location: Business

In a significant announcement at the Guyana Energy Conference and Supply Chain Expo being held from, February 18 - 21, Prof. Benedict Oramah, President and Chairman of the Board of Directors of African Export-Import Bank (Afreximbank) (www.Afreximbank.com), declared the multilateral Bank's intention to establish a $1 billion oil service financing facility in Guyana. This initiative aims to enhance local participation in the country's fast growing oil industry, in alignment with the government's local content policies. The Bank will deploy the $1 billion facility directly to qualifying corporate clients or through a factoring line via local banks, enabling them to finance invoices from local contractors.

President Oramah highlighted the transformative potential of Guyana's estimated 12 billion barrels of crude oil reserves. Emphasising the transformative power in proactive resource management, he advised Guyana to aggressively harness and build capital from its oil resources.

He said, "Given the level of oil production in Guyana and its offshore location, I estimate that the oil service sector would amount to 5 to 8 billion US dollars annually. But where will it go? Most of it would be paid to oil service companies abroad, if Guyana does nothing to avoid that. A 50% retention in Guyana would increase Guyana's GDP by 29% to 47%.” As such, he called for robust local content policies that would enable Guyanese entrepreneurs to become significant players in the oil value chain.

Based on Afreximbank's rich history of supporting commodity-dependent economies, President Oramah shared insights to complement the ongoing efforts of the Guyanese government. He acknowledged the inherent risks associated with dependency on a single commodity and laid stress on the importance of diversification.

He cautioned, “The commodity market is prone to volatility and cyclicality; hence, the reliance on crude revenues as a primary source of government funding could expose the national economy to volatile commodity markets." As such, he advised the government to secure long-term off-take contracts with oil service companies, which will enhance market access and price stability.

In the spirit of deepening Afri-Caribbean partnership, President Oramah remarked that skilled oil service companies from Ghana, Egypt, and South Africa, are "ready and willing to support Guyanese... And of course, Afreximbank is there to underwrite the marriage.”

He added that: “These measures are necessary if Guyana and other new entrants in the Caribbean and Africa are to avoid the painful "Dutch Disease. We make these suggestions based on the three long decades of financing oil and gas activities across Africa. We have witnessed oil-dependent economies transform for better or worse through these periods. In all these, the difference reflected the policy choices the leaders made.”

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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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 over 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 effectively participating in the AfCFTA. At the end of December 2023, Afreximbank's total assets and contingencies stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. 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"). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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17 February 2025

AfCFTA offers SA businesses unlimited opportunities

Location: News

AfCFTA offers SA businesses unlimited opportunities

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Edwin
Mon, 02/17/2025 - 08:42
579 views

17 February 2025

Warning of heavy showers across SA

Location: News

Warning of heavy showers across SA

The South African Weather Service (SAWS) has advised of the return of heavy showers across parts of South Africa this week.

In a statement on Sunday, the weather service advised communities living in low-lying areas and flat plains to be on the lookout for the disruptive rain across the central and eastern regions of South Africa, from 16 February to 19 February 2025.

“Motorists and pedestrians should be extra cautious where roads are slippery and/or visibility is affected. These conditions with cloudy to overcast skies are expected across South Africa along with subregions of ordinary showers and thundershowers.

“The rainfall accumulation is expected to be in the region of 20 to 50 millimetres (mm). Daytime temperatures in these regions are also expected to be cool. The transport of moist tropical air from continental low over Botswana is the main source of the current cloudy and showery conditions,” SAWS said.

Added to which, severe thunderstorms are expected in places across the southern Free State and northern region of the Eastern Cape where damaging winds, excessive lightning, hail and heavy downpours are likely.

“However, potentially strong damaging winds are expected along the west and south-west coasts of the Cape Provinces. Damaging winds are possible due to the tight pressure gradient along the west coast.

“No major changes are anticipated on the rainfall pattern on Monday, 17 February 2025, apart from the extension of widespread showers (80%) across the North West and Gauteng, where additional disruptive rain is expected in places.

“Summer thunderstorms across South Africa ordinarily develop in the afternoon and early evening. As was stated just before the onset of persistent showers in early January, the tropical moisture typically possesses a significant amount of energy,” SAWS said.

In the case of Sunday through Tuesday, 18 February 2025, the tropical airmass is expected to cause disruptive rain during this week, with amounts in the region of 30 to 50 mm daily.

Further, continual showers are also expected on Wednesday and might persist into Thursday morning.

There will still be the likelihood of disruptive rain around the coastal region of the eastern half of the Eastern Cape, as well as the southern coastline of KwaZulu-Natal, before the rainfall return to the more favourable weather in South Africa.

To ensure safety and preparedness, the following precautions are advised:

Avoid crossing flooded roads or swollen streams.
Move to higher ground if rising water levels are observed.
Refrain from travelling on bridges or roads in low-lying areas, which are particularly vulnerable to flooding.
Adherence to these guidelines can significantly reduce risks and help ensure public safety during this period of adverse weather conditions. - SAnews.gov.za

nosihle
Mon, 02/17/2025 - 12:00
27 views

16 February 2025

President Ramaphosa concludes official visit to Ethiopia for 38th AU Summit

Location: News

President Ramaphosa concludes official visit to Ethiopia for 38th AU Summit

President Cyril Ramaphosa on Saturday concluded his visit to Ethiopia, where he participated in the 38th Ordinary Session of the Heads of State and Government of the African Union (AU).

The Assembly was held under the theme: ’Justice for Africans and People of African Descent through Reparations' from 15 - 16 February.

The 38th Ordinary Session of the Heads of State and Government of the African Union (AU) was organised by the African Union Commission (AUC).

The opening ceremony of the AU Summit was held with the attendance of AUC leaders, officials, Ministers, Ambassadors from AU Member States, representatives of AU organs and offices, as well as partners.

President Ramaphosa congratulated the newly-elected Chairperson Mahmoud Ali Yousouf and Deputy Chairperson Ambassador Salma Malika Haddadi, who will lead the AU during the next four years.

The Assembly also appointed new, Commissioners who will work as a collective in realising the aspirations of the continent and its people.

“South Africa congratulates the new leadership cohort of the union and is especially proud of Ms Lerato Mataboge, as the new Commissioner for Infrastructure and Energy,” the Presidency said in a statement.

SAnews reported that Mataboge has been elected as the Commissioner for Infrastructure and Energy of the AU after her name was put forward by the South African government.

READ | Tau congratulates Mataboge on being elected as AU Energy, Infrastructure Commissioner

She holds a BA Honours in Law and International Relations from the University of Witwatersrand, a Master’s Degree in International Political Economy from the University of Warwick, as well as a qualification in Infrastructure in a Market Economy from Harvard Kennedy School Executive Education.

Mataboge has since committed to providing credible responses to new technologies, including biotechnologies, digitisation, and artificial intelligence, while acknowledging Africa’s vital mineral resources in developing global technologies.

The Assembly further deliberated on the state of peace and security in Africa.

“It expressed grave concern for the evolving situation in the eastern DRC [Democratic Republic of Congo]. The Heads of State called upon the M23 to cease-fire to prevent additional loss of lives. The Assembly reaffirmed the urgent need for inclusive negotiations and political dialogue as the only solution to end conflicts on the continent.”

The leaders also took note of South Africa’s Presidency of the G20 and congratulated South Africa for being the first African country to host this important gathering.

They expressed their support for the successful G20 Leaders’ Summit scheduled to take place later this year in Johannesburg.

According to the President’s Office, the country’s Commander-in-Chief also had bilateral meetings with a few countries on the continent to exchange views on issues of mutual concern.

The Assembly also discussed the African Continental Free Trade Area (AfCFTA), activities of the Africa Centre for Disease Control, infrastructure development and institutional reforms, amongst other matters.

President Ramaphosa was accompanied by the Minister of International Relations and Cooperation Ronald Lamola; the Minister of Defence and Military Veterans Angie Motshekga; Minister of Justice and Constitutional Development Mmamoloko Kubayi; Minister of Trade, Industry and Competition Parks Tau; Minister in the Presidency Khumbudzo Ntshavheni; Minister of Forestry, Fisheries and Environment Dion George; Minister of Water and Sanitation, Pemmy Majodina and Minister of Public Service, and Administration Inkosi Mzamo Buthelezi. – SAnews.gov.za

Gabisile
Sun, 02/16/2025 - 09:54
74 views

14 February 2025

Tau congratulates Mataboge on being elected as AU Energy, Infrastructure Commissioner

Location: News

Tau congratulates Mataboge on being elected as AU Energy, Infrastructure Commissioner

Trade, Industry and Competition Minister Parks Tau has hailed the election of Lerato Mataboge as the African Union (AU) Commissioner for Infrastructure and Energy.

Tau described the appointment as a momentous achievement for South Africa in particular, and the African continent as a whole.

Mataboge is currently the Deputy Director-General of Exports at the Department of Trade, Industry and Competition (the dtic).

Tau emphasised that Mataboge’s visionary leadership, extensive knowledge of Africa’s history, and deep understanding of its challenges will enable her to transform obstacles into opportunities that drive sustainable development and regional integration.

“The election of Ms Mataboge marks a pivotal step in transforming Africa’s infrastructure and energy sectors, while also advancing gender representation in leadership.

“It is a testament to South Africa’s capacity to contribute its highly skilled experts to advance the flagship projects of the AU’s Agenda 2063.

“Her [appointment] also aligns with Africa’s commitment to regional integration, infrastructure development, and industrial advancement -- key pillars that will strengthen intra-African trade and propel the continent towards inclusive and sustainable growth,” Tau said.

As the AU Commissioner for Infrastructure and Energy, Mataboge will play a pivotal role in addressing colonial-era transportation routes that were primarily designed for the extraction of Africa’s raw minerals for the development of Western nations.

“Under her leadership, these routes will be transformed into modern spatial development corridors that promote economic diversification and industrialisation,” Tau said.

Mataboge’s mandate includes overseeing the development of strategic economic infrastructure projects that facilitate mineral beneficiation, agro-processing, and the expansion of energy generation and distribution networks across the continent.

“Mataboge brings over two decades of experience in global policy, trade, and investment facilitation within the African continent. She has played an instrumental role in the implementation of the African Continental Free Trade Area (AfCFTA), a transformative agreement aimed at boosting intra-African trade and economic integration,” notes Tau.

Between 2012 and 2018, Mataboge served as the co-chairperson of the South African Presidential Working Group on the North-South Corridor during South Africa’s chairmanship of the AU’s Presidential Infrastructure Championing Initiative.

“Her wealth of experience, strategic foresight, and innovative leadership will be invaluable in advancing Africa’s infrastructure and energy agenda. As the continent moves towards realising its development aspirations under Agenda 2063,

“Ms Mataboge’s appointment signals a new era of progress, where Africa’s infrastructure and energy sectors will be leveraged to drive economic transformation, job creation, and sustainable development,” stresses Tau.

Tau reaffirmed South Africa’s unwavering support for Mataboge in her new role and expressed confidence that she would make a lasting impact in shaping the continent’s infrastructure and energy landscape for generations to come. – SAnews.gov.za

Edwin
Fri, 02/14/2025 - 10:28

112 views

13 February 2025

Seychelles Participates in the 46th Ordinary Session of the Executive Council in Addis Ababa, Ethiopia

Location: News

Ministry of Foreign Affairs and Tourism - Foreign Affairs Department, Republic of Seychelles
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Minister Sylvestre Radegonde, Minister for Foreign Affairs and Tourism led the Seychelles delegation at the 46th Ordinary Session of the Executive Council, taking place from 12th to 13th February in Addis Ababa at the African Union Headquarters.

In his intervention on the Permanent Representatives Committee Report, Minister Radegonde expressed Seychelles' sincere appreciation for the donation of USD 200,000 towards the country's recovery efforts following the disasters of December 2023. The Minister touched on the importance of the blue economy for Seychelles, stating that it is more than a concept– it is a conduit for innovation and diversification, while ensuring the preservation of our rich marine environment. He also recognised that the Continent is a distance from achieving the targets set out in Agenda 2063 and that all parties need to collectively work together to maximise the impact of continental projects.

Minister Radegonde also cast Seychelles' votes during the election of four Commissioners of the African Union Commission. Representatives from the Kingdom of Eswatini, the Republic of South Africa, Federal Republic of Nigeria, and the Republic of Ghana were elected.

On the margins of the Executive Council Meeting, Minister Radegonde met with H.E. Dr. Badr Abdelatty, Minister of Foreign Affairs, Emigration, and Expatriate Affairs of the Arab Republic of Egypt. The two Ministers discussed the strengthening of bilateral relations in key areas of cooperation, notably tourism, healthcare, investment, and trade. They agreed to pursue these endeavours through knowledge-sharing practices, capacity building and exchange of experts between the two countries.

Minister Radegonde reiterated Seychelles' strong interest in concluding the visa waiver agreement for diplomatic and official passport holders. He also stressed the need to conclude the negotiations for ordinary passport holders to further cement the people-to-people relations between the Seychelles and Egypt. The Egyptian Minister also took the opportunity to present, once again, Dr. Hanan Morsy, the Egyptian candidate for the position of Deputy Chairperson of the African Union Commission, for the elections to be held during the Assembly of the Union on 15th February 2025.

Distributed by APO Group on behalf of Ministry of Foreign Affairs and Tourism - Foreign Affairs Department, Republic of Seychelles.

12 February 2025

Lamola leads SA delegation to AU Executive Council meeting

Location: News

Lamola leads SA delegation to AU Executive Council meeting

International Relations and Cooperation Minister, Ronald Lamola, is in Addis Ababa, Ethiopia, where he is leading the South African delegation to the 46th Ordinary Session of the Executive Council of the African Union (AU).

The session is scheduled for Wednesday and Thursday.

The council will convene under the agreed AU theme for 2025, which is “Justice for Africans and People of African Descent Through Reparations”, which will be officially launched by the Assembly.

Throughout 2025, all AU member States will review and assess the progress made by the continent in achieving long-overdue justice and reparations for the impacts of colonialism, apartheid, slavery, and the transatlantic slave trade.

One of the most anticipated responsibilities and key features of the upcoming Executive Council is the election of six commissioners for the AU Commission.

The six commissioners will oversee the following portfolios: Agriculture, Rural Development, Blue Economy, and Sustainable Environment (ARBE); Economic Development, Trade, Tourism, Industry, and Minerals (ETTIM); Education, Science, Technology, and Innovation (ESTI); Infrastructure and Energy (I&E), Health, Humanitarian Affairs, and Social Development (HHS), and Political Affairs, Peace, and Security (PAPS).

South Africa has nominated two candidates, Dr Molapo Qhobela for Commissioner for Education, Science, Technology and Innovation (ESTI) and Lerato Mataboge for Commissioner for Infrastructure and Energy.

Both candidates were shortlisted for the next stage of the elections following a thorough interview. The Council is expected to hold the elections on Wednesday, 12 February 2025.

“Furthermore, the forthcoming Executive Council will take place in a few months sinceSouth Africa assumed its Presidency of the G20 in December 2024.

The Council will inevitably have to reflect on what South Africa’s G20 Presidency presents in terms of the opportunity to place the interests of the continent right at the centre of the G20 Agenda,” said the Ministry of International Relations and Cooperation ahead of the start of the session.

Minister Lamola will brief the Council on key priorities of South Africa’s Group of 20 (G20) Presidency and their alignment with Agenda 2063.

According to the African Union, Agenda 2063 is Africa's development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period.

Key priorities

The Executive Council is expected to review reports regarding the organisation’s financial situation as it relates to key priorities.

These priorities include maintaining peace and security across the continent, implementing Agenda 2063, improving Africa’s socio-economic conditions, addressing the severe impacts of climate change in Africa, and promoting human rights and good governance throughout the continent.

The Executive Council will receive a briefing on the progress of the Second Ten-Year Implementation Plan (STYIP) for Agenda 2063, the African Continental Free Trade Area (AfCFTA), and the annual activities of AU organs.

Challenging environment

The 46th Ordinary Session takes place amid challenges on the continent, including threats to democratic governance, peace, and security from unconstitutional government changes and post-election violence.

Of key concern to South Africa is the ongoing raging war in the eastern Democratic Republic of Congo, which led to the recent attacks, and 14 South African soldiers lost their lives.

The council meets amid the continent that is bedevilled by inter and intra-state conflicts, terrorism and violent extremism, poverty, food and energy insecurity, the impact of climate change, inadequate infrastructure, low productivity, trade barriers, and continued dependence on external aid and markets.

The ongoing debt crisis by African countries and the consequent default on their debt repayments remains an issue of serious concern for the continent.

As of July 2024, a World Bank Report indicates that 22 African countries are either experiencing or at high risk of debt distress, necessitating debt restructuring.

Many of these countries are unable to meet the basic needs of their citizens, such as health care, education, and employment, due to their heavy debt burdens.

As one of the leading Member States of the AU, South Africa’s participation in the Executive Council will be critical to advancing the organisation’s agenda and priorities. – SAnews.gov.za

Gabisile
Wed, 02/12/2025 - 09:27

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7 February 2025

SA powering on with AfCFTA to boost African trade

Location: News

SA powering on with AfCFTA to boost African trade

President Cyril Ramaphosa says government is working towards the full implementation of the African Continental Free Trade Area (AfCFTA), which will tear down the barriers to trade on the continent.

“As the most industrialised economy in Africa, we are positioning ourselves to be at the centre of this new and growing market,” President Ramaphosa said.

In his State of the Nation Address (SONA) delivered in Cape Town on Thursday, President Ramaphosa said government is harnessing the sun and the wind to make the country a leader in renewable energy and green manufacturing.

“With an abundance of cheap, green energy, we can produce products that are competitive anywhere in the world and create hundreds of thousands of new jobs in the process. We are making sustainable use of the rich abundance of the South African earth.

“By supporting our farmers, improving our logistics network and rural supply chains, and opening new export markets for products we can significantly expand our agricultural sector. We want South Africa to be leading in the commercial production of hemp and cannabis.

“We are breathing new life into the mining industry, which remains one of our most important and valuable endowments,” the President said.

The agreement establishing the AfCFTA came into force on 30 May 2019.

The AfCFTA agreement will create the largest free trade area in the world measured by the number of countries participating.

The AfCFTA is the engine for African economic and regional integration. The agreement establishing the AfCFTA includes in its general objectives the creation of a liberalised market for goods and services, and laying the foundation for the establishment of a continental customs union at a later stage. – SAnews.gov.za

Edwin
Fri, 02/07/2025 - 09:50

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7 February 2025

G20 provides opportunity to drive developmental agenda

Location: News

G20 provides opportunity to drive developmental agenda

South Africa’s Presidency of the Group of 20 (G20) presents a unique opportunity not only for the country itself, but also for the African continent and the Global South to foster greater economic growth for all.

This is according to President Cyril Ramaphosa who delivered the State of the Nation Address to a joint sitting of Parliament in Cape Town on Thursday evening.

South Africa is the first African country to hold the Presidency of the world’s premier economic cooperation grouping following the admission of the African Union as a G20 member.

For its Presidency, South Africa has chosen the theme: “Solidarity, Equality and Sustainable Development” which, President Ramaphosa explained, underscores the “need for cooperation and partnership among the countries of the world”.

“It is an opportunity to place the needs of Africa and the rest of the Global South more firmly on the international development agenda.

“Our G20 Presidency is a valuable opportunity for South Africa to advance efforts towards greater global economic growth and sustainable development,” he said.

‘Inextricably bound’

President Ramaphosa told the gathering that “Africa remains at the centre of our foreign policy” and emphasised that Africa’s and, by extension South Africa’s, growth and success depends on continental peace.

“We continue to work to strengthen the African Union to support the achievement of peace, development and economic integration on the continent.

“We know that our future prosperity is inextricably bound to the prosperity of the African continent. For Africa to thrive, we must silence the guns on the continent,” he said.

For the past 30 years, South Africa has been involved in “restoring stability” in countries across the continent – most recently in Mozambique and the eastern region of the Democratic Republic of Congo (DRC).

“[We] have been part of the SADC [Southern African Development Community] peacekeeping mission in Mozambique that has brought relative calm and stability to the Cabo Delgado province.

“The presence of South African peacekeepers in the eastern DRC is testament to our continued commitment to the peaceful resolution of one of the world’s most intractable conflicts, which has cost millions of lives and displaced millions of people,” he said.

Regarding conflict in the DRC, President Ramaphosa urged parties in that war to “embrace the current diplomatic efforts to find a peaceful resolution, including honouring the Luanda Process”.

“We will attend the Joint Summit between SADC and the East African Community scheduled to take place in Tanzania this weekend, where we will reiterate our call for a ceasefire and a resumption of talks to find a just and enduring solution,” he said.

READ | President Ramaphosa to participate in joint SADC – EAC summit on the DRC

Global solidarity

The President reminded South Africans that the country’s own democracy was won from the brutal hands of the Apartheid regime with the help of international solidarity.

He emphasised that this “imposes a duty on us to support the struggles of those who continue to experience colonialism and oppression” and highlighted the country’s work on the international stage in this regard.

“South Africa continues to stand in solidarity with the people of Palestine, who, having endured decades of illegal occupation, are now experiencing indescribable suffering.

“We continue to participate in the different peace processes seeking to bring about a just and lasting peace in Ukraine.

“South Africa continues to advance its agenda of cooperation and multilateralism through its membership of the United Nations, African Union, the Non-Aligned Movement and BRICS group of countries."

The President noted that this work and “what we stand for needs to be explained to many key players, especially to our trading partners and the many countries and leaders we interact with on the global stage”.

“With a view to explaining the many positions that we have taken and in particular the objectives we wish to achieve during our Presidency of the G20, I have decided to send a delegation of government and other leaders to various capitals on our continent and across the world.

“This delegation will interact with various key players on a variety of matters that affect South Africa’s interests,” President Ramaphosa said. – SAnews.gov.za

NeoB
Thu, 02/06/2025 - 22:32

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