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Financial injustice a hindrance to Africa’s development

Location: News

Financial injustice a hindrance to Africa’s development

The transformation of global financial institutions remains critical in addressing Africa’s mounting debt challenges, as they perpetuate financial injustice, says United Nations (UN) Secretary-General António Guterres.

“The G20 must lead in delivering financial justice. Financing is fundamental -- from inclusive economic growth, to supporting industrialisation and food security or addressing inequalities,” Guterres said during the closing session for the Joint Sherpa-Finance and Central Banks Deputies' Meeting, held in Johannesburg, on Wednesday.

Guterres explained that global financial systems "load" countries with debt service costs, while denying them access to sufficient low-cost financing to fight poverty, inequality and hunger and advance the Sustainable Development Goals (SDGs).

According to the UN, in 2022, public debt in Africa reached USD 1.8 trillion.

“Developing countries must be represented fairly in their governance. These institutions must also protect economies, particularly from global shocks. It is time to mend the global safety nets that were discovered during the COVID-19 pandemic that they were no longer fit for purpose.

“This continent’s potential is without question. Africa is home to a young and growing population, rich cultural and natural diversity, and a tremendous entrepreneurial spirit. But this enormous potential continues to be held back by injustices that are deeply rooted in the history of colonialism.

“Injustice in worsening climate chaos - which Africans did virtually nothing to cause - that fuels floods, storms, hunger and deadly droughts. I stand side-by-side with President Ramaphosa and the people of Africa in this fight for justice on all fronts. Africa needs financial justice,” Guterres said.

In September, world leaders adopted the Pact for the Future, which includes commitments for ambitious reforms to make the international financial architecture representative of today’s global economy and put the needs of developing countries front and centre.  

The pact covers a broad range of issues including peace and security, sustainable development, climate change, digital cooperation, human rights, gender, youth and future generations, and the transformation of global governance.

“It calls for action to move forward with an SDG Stimulus… to substantially increase the lending capacity of Multilateral Development Banks to make them bigger, bolder and better to support developing countries.

“... And to mobilise more international and domestic resources, public and private, for vital investments. Last week I appointed a group of leading experts to galvanize international support for action on debt, and I’m delighted that Trevor Manuel will be part of this important work,” he said.

As part of the work for South Africa’s G20 Presidency, Guterres participated in the first series of the more than 130 meetings that will precede the G20 Summit in 2025.

On 1 December 2024, South Africa assumed the Presidency of the G20, which comprises many of the world's largest developing and developed economies.

The G20 was established to tackle pressing global economic and financial issues. Together, G20 members account for around 85% of global gross domestic product (GDP) and 75% of international trade. 

The G20 comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and United States and two regional bodies, namely the European Union and the African Union.

The grouping therefore plays a critical role in influencing global policy making and fostering global economic stability.

South Africa's G20 Presidency is the fourth consecutive emerging market Presidency, and it is also the first African Presidency, followed by the admission of the African Union (AU) as the second permanent African member. - SAnews.gov.za

nosihle
Thu, 12/12/2024 - 08:51

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G20 Africa Expert Panel to support Finance Track

Location: News

G20 Africa Expert Panel to support Finance Track

Finance Minister Enoch Godongwana says a G20 Africa Expert Panel will be established to support the work of the G20 Finance Track.

He was speaking during the first day of the G20 Finance and Central Banks Deputies’ Meeting, held in Johannesburg, on Wednesday.

The Minister explained that the panel will consist of leading African economic, development and finance experts from the public sector, think tanks, academia and international financial institutions.

“We intend to use our Presidency to advance an African agenda. To further this agenda and ensure that we strengthen the manner in which the G20 respond to the social and economic needs of our continent, we intend to establish a G20 Africa Expert Panel to support the G20 Finance Track. 

“One of the areas we will request the G20 Africa Expert Panel to advise us on is how we can ensure that the various African initiatives, including the compact with Africa, can be strengthened to the benefit of the continent,” Godongwana said.

On the need to reform the international financial architecture, the Minister said focus will now be on implementation on the agreement reached in the previous G20 Summit held in Brazil, last month.

The agreement – included in the G20 Rio de Janeiro Leaders’ Declaration – states that the group of countries will accelerate the reform of the international financial architecture “so that it can meet the urgent challenges of sustainable development, climate change and efforts to eradicate poverty”.

“The G20 Roadmap towards Better, Bigger and More Efficient [Multilateral Development Banks] was a milestone achievement under Brazil’s Presidency. Now the focus turns to implementation and monitoring. 

“The discussions under South Africa's G20 Presidency will take place alongside the 5th Finance in Common Summit that will take place at the Cape Town International Convention Centre… from 26 to 28 February 2025, as well as the 4th International Conference on Financing for Development in Spain in June 2025. 

“Both these events provide a critical opportunity for countries to commit to closing the development financing gap and investing in the [Sustainable Development Goals],” Godongwana said. 

Turning to debt sustainability, Godongwana said challenges in this area require a “comprehensive approach”.

“We will also keep our focus on enhancing debt sustainability, through improving the implementation of the Common Framework. We are aware that there are countries whose debt is sustainable, but which are facing acute liquidity challenges, which, if not addressed, could result in solvency challenges. 

“These challenges necessitate a comprehensive approach towards debt sustainability, which means there is no one size fits all approach. 

“It also forces us to acknowledge that debt sustainability cannot be solved through the Common Framework alone but must be solved through a focus on putting in place the measures for countries to make the right investments and undertake appropriate reforms to support sustainable and inclusive economic growth,” he said.

The Minister said although challenges are “formidable”, he expressed confidence that the G20 has the “will, capacity and determination to address them” if countries work together.

“In 2025 let us execute our work programme with urgency, ambition and confidence. Let us work together to ensure strong, sustainable, balanced and inclusive growth. 

“And through the G20 Presidency for 2025, and propelled by your support, let us go even further as the G20, by going together,” Godongwana concluded. – SAnews.gov.za

NeoB
Thu, 12/12/2024 - 09:48

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Pixel-Perfect Precision: Protecting Today’s Digital Workforce’s Visual Health

Location: Business
LG Electronics

For modern professionals who spend long hours focused on intricate digital tasks, maintaining eye health and comfort is critical. Yet many unknowingly put excessive visual strain on their eyes by working on cramped, low-resolution displays ill-equipped for detail-intensive applications.

This can have serious ramifications for both employee well-being and work quality. “Basic laptop screens and small desktop monitors simply don't provide enough screen real estate or visual fidelity for precision tasks like coding, video editing or complex design work,” explains Tyrone Young, Head of Sales for Information Display and Information Technology, at LG Electronics South Africa.

When working on minuscule user interface elements, typography or intricately layered assets, visual acuity becomes very important. “Inadequate screen size or resolution can lead to excessive squinting and an uncomfortable viewing experience as users struggle to see fine details.”

This chronic eye fatigue can quickly drain productivity and open the door to more severe visual issues like computer vision syndrome (CVS). Symptoms of CVS include headaches, blurred vision, dry eyes and neck/shoulder pain—all of which dramatically impair work quality while compromising long-term visual health. 

The solution: LG's UltraWide and ergonomic monitors

To combat these risks, Young advocates for adopting larger, ergonomically-optimised monitors tailored for graphic professionals. “Ultra-wide, high-resolution displays significantly reduce eye strain by rendering finer details visible with ample on-screen real estate. This minimises excessive eye movements and enables more comfortable, focused viewing sessions.”

LG's 49-inch UltraWide dual GHD monitor with an adjustable stand (https://apo-opa.co/4itfybX) is a prime example, offering a workspace rivalling dual 27-inch setups in a seamless, curved 32:9 panel. “That immense area provides enough space to view multiple application windows natively without overlapping, scaling or letterboxing. This boosts organisation while eliminating the bezels and disjointed alignment of multi-monitor rigs.”

Young also highlights the monitor's expansive 5120 x 1440 resolution, which ensures ultra-sharp image rendering ideal for precision design work. “At that high pixel density, developers can easily discern individual lines of code and subtle UI elements. For video editors and artists, it reveals exceptional detail in 4K footage and visual assets.”

Decluttering workspaces, reducing distractions

Beyond superior visual fidelity, Young explains the productivity advantages of an ergonomic, space-saving design. “Our ergonomic displays mount via a sleek clamping system or desk grommet to reclaim valuable desktop area for mousepads, supplemental tablets and other tools.”

This integrated, cable-free aesthetic eliminates tangled wires and bulky monitor bases. “By decluttering workspaces, you remove visual distractions while enabling healthier computing posture—another key factor in reducing CVS symptoms.”

The adjustable stand allows effortless swivel, tilt, and pivoting adjustments to optimise viewing angles. “A built-in feature helps protect your eyes from blue light exposure. LG's Live Colour Low Blue Light feature combines hardware and software adjustments to reduce blue light emissions while maintaining vivid colour quality.”

Multi-monitor made easy

For those requiring expansive, multi-monitor setups, Young touts LG's KVM switch technology as a game-changing organisational tool. “Our KVM feature allows users to control multiple PCs or laptops simultaneously from a single keyboard, mouse and UltraWide monitor—streamlining complex, multi-display workflows.”

As the lines between office and home blur, optimising the digital workspace is paramount for employee satisfaction and health. “By prioritising large, ergonomically thoughtful displays loaded with user-centric features, companies can drive significant productivity gains while safeguarding their employees' vision long term,” Young concludes.

Distributed by APO Group on behalf of LG Electronics.

Media files
LG Electronics
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G20 urged to deliver on climate justice

Location: News

G20 urged to deliver on climate justice

With developing nations being considered the most vulnerable to climate change, United Nations Secretary-General António Guterres says the Group of Twenty (G20) countries must lead in delivering climate justice.

Addressing the closing session for the Joint Sherpa-Finance and Central Banks Deputies' Meeting, Guterres stressed that many vulnerable countries are being forced to respond to a crisis they did not create.

“Meanwhile, they lack the necessary support to seize the benefits of clean energy to spur prosperity and eliminate poverty. We need developed countries supporting developing countries with adequate, affordable and accessible finance and technology, and through meaningful contribution to the loss and damage fund by doubling adaptation finance next year as promised.

“[Climate justice can be delivered] by forging new partnerships like the Just Energy Transition Partnership that South Africa has pioneered to pave the way to a renewable future,” the Secretary-General said on Wednesday in Johannesburg.

On 1 December 2024, South Africa assumed the Presidency of the G20, which comprises many of the world's largest developing and developed economies.

As part of the work for the G20 Presidency, South Africa has commenced with the first series of the more than 130 meetings that will precede the G20 Summit in 2025.

“G20 countries must lead the way in line with the principles of common but differentiated responsibilities but recognise that every G20 country has to do more in the reduction of emissions. Next year, every government must deliver new economic plans in line with limiting the global temperature rise to 1.5 degrees.

“These new plans must cover all emissions in the whole economy, accelerate a just fossil fuel phase out and contribute to the energy transition goals agreed to at COP28. We must also ensure that Africa’s critical minerals that can power the renewable future worldwide benefit Africans first and most. We cannot repeat the mistakes of the past,” he said.

Guterres further called on the G20 to lead on technological justice.

“From digital technology to artificial intelligence, the developing world must access and benefit from the technological revolution.

“We need the G20 to support developing countries as they invest in the digital driven systems and solutions that their people need to boost prosperity to create jobs and drive sustainable development,” he said.

South Africa's G20 Presidency is the fourth consecutive emerging market Presidency, and it is also the first African Presidency, followed by the admission of the African Union (AU) as the second permanent African member. 

The G20 was established to tackle pressing global economic and financial issues. Together, G20 members account for around 85% of global GDP and 75% of international trade. 

The G20 comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and United States and two regional bodies, namely the European Union and the African Union.

The grouping therefore plays a critical role in influencing global policy making and fostering global economic stability. - SAnews.gov.za

nosihle
Wed, 12/11/2024 - 15:14

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Mashatile calls on Chinese-funded businesses to increase investments to create jobs in SA

Location: News

Mashatile calls on Chinese-funded businesses to increase investments to create jobs in SA

Deputy President Paul Mashatile has encouraged Chinese-funded enterprises in South Africa to increase their investments in crucial sectors of the economy, particularly the automotive industry and infrastructure development.

“Your participation and investment in our country is critical for creating jobs and promoting economic growth and development,” the Deputy President said on Wednesday. 

The country’s second-in-command was speaking at the launch of the corporate social responsibility report of Chinese-funded enterprises in South Africa. 

At the South Africa-China Economic Trade and Association (SACETA) event, Mashatile cknowledged the organisation’s substantial contributions to the country’s economic and social development. 

SACETA was established in April 2011 and serves as a vital platform for fostering economic and trade collaboration between China and South Africa.

Mashatile told attendees that the 200 Chinese-funded enterprises locally serve as role models for businesses, demonstrating that profitability should be balanced with social good. 

As the global landscape continues to evolve rapidly, he believes it is essential for nations to cultivate strong partnerships to thrive and navigate the challenges of the modern world.

“We should leverage our expertise to navigate towards a more sustainable path, guided by the principles of joint pursuit and a shared future. Our countries have complementary strengths and resources, making us ideal economic partners.”

The Deputy President described China as one of the world’s greatest economies, providing a massive market for South African goods and services.

“In return, South Africa provides rich resources, such as minerals, agricultural products, and skilled labour, to support China’s rising economy.” 

Mashatile is of the view that improving trade connections between South Africa and China benefits both countries directly and has a positive ripple effect throughout the region. 

“Increased trade creates jobs, stimulates economic growth, and improves living standards for the people of both countries.”

However, the Deputy President acknowledged that the trade structure has been imbalanced, noting that last year’s value of China’s imports far exceeded its exports. 

According to Mashatile, total bilateral trade increased from R614 billion in 2022 to R692 billion in 2023, while China’s R146 billion deficits remained the highest among any of the country’s trading partners.

He announced that government intends to work with China in addressing the trade deficit and structure of bilateral trade by broadening its export basket, especially to export more value-added products.

“South Africa mostly exports minerals and agricultural products to China while importing mostly manufactured goods from China. At a time when African economies are becoming more integrated, China’s technological prowess may help Africa industrialise and export more than just raw materials.

“Instead of exporting raw agricultural items, South Africa may export processed foods that are more valuable.”

Mashatile stressed that China could lend a helping hand by streamlining import procedures and lowering regulatory hurdles, which could make China a larger market for local products, benefiting both South African producers and Chinese customers.

He said Chinese-funded enterprises must seize opportunities in emerging fields such as artificial intelligence, the digital economy and green energy.

Last year, Chinese businesses pledged to invest up to R15 billion at South Africa’s fifth Investment Conference. 

“In that same year, we witnessed the signing of significant purchase agreements totalling US$2.2 billion with companies in both nations. Therefore, our positive trade relations continue to be crucial in combating unemployment, inequality, and poverty,” Mashatile said.

He said South Africa and China share a strong and longstanding relationship, and that the bond between the nations has deepened, revealing the potential for collaboration to promote inclusive and equitable growth.

The Deputy President also touched on President Cyril Ramaphosa’s recent State Visit to China and told attendees that both Heads of State committed to providing a stable, fair, and enabling business environment for companies.

He welcomed the report that highlights the contributions of Chinese-funded enterprises to environmental conservation, community development, education, and healthcare. 

“As we move forward, let us reaffirm our commitment to expanding South African-Chinese trade and investment cooperation. Together, we can build a more successful and sustainable future for our countries.” – SAnews.gov.za

Gabisile
Wed, 12/11/2024 - 13:54

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President Ramaphosa commends Welisizwe bridges construction in Mpumalanga

Location: News

President Ramaphosa commends Welisizwe bridges construction in Mpumalanga

President Cyril Ramaphosa has commended the cooperation between the government departments that ensured the successful completion of Welisizwe Bridges in KwaMhlanga, Mpumalanga.

“We are here as government to report that we have delivered on our promise to address the problem of old and dilapidated bridges in Mpumalanga,” President Ramaphosa said.

Addressing the local communities at Solomon Mahlangu Stadium in KwaMhlanga, President Ramaphosa said communities have needed infrastructure.  

The President embarked on a multifaceted two-day visit to Mpumalanga. The visit is to commence on Tuesday, where the President met with the Mpumalanga Provincial Executive Committee. Today, he undertook the second phase of the Welisizwe Rural Bridges handover.

“Poor transport infrastructure has been making it difficult to get to and from places of work, school, the hospital and clinic, and to towns and cities from rural areas,” President Ramaphosa said.

President Ramaphosa said in some cases, what would normally be a quick journey from one place to another takes double the time because there is no bridge.

“When the rains come or there are heavy floods, crossing becomes difficult and dangerous. As government, we have heard your call as the people of Mpumalanga for this issue to be addressed.

“[Welisizwe] is a ground-breaking method to construct bridges that are sturdy, that last, and are safe for communities. We have been working with speed to deploy the bridges where they are needed most -- in KwaZulu-Natal, Mpumalanga, Limpopo, the North West, Eastern Cape and the Free State. 

“We were all extremely impressed by the quality of the structures we visited [today].”

President Ramaphosa told the locals that government is working hard to ensure that there is water in communities.

“As government, we are doing everything in our power to ensure that there is water in our communities,” the President said.

The President said there are plans to expand the Expanded Public Works Programme (EPWP) for people to gain critical skills, which can be used in projects such as Welisizwe.

“With the skills gained, people can go and look for employment or start their own businesses,” President Ramaphosa said.

Public Works Minister Dean Macpherson said the President’s visit to Mpumalanga was not just to mark the completion of critical infrastructure, but to celebrate the progress that is being made in restoring dignity to people through the transformative Welisizwe Rural Bridges Programme.

“This initiative is a shining example of what can be achieved when we work together across all spheres of government and sectors of society,” Macpherson said. 

Macpherson said the Welisizwe Rural Bridges Programme embodies the work the department has done to ensure that there is infrastructure to bring dignity to communities that were previously isolated.

“These bridges are not just about crossing rivers: they are about ensuring that children can safely walk to school, patients can reach clinics in time, and families can access markets and workplaces that sustain their livelihoods.

“Mpumalanga is known as the 'province of the rising sun', and today’s ceremony is a testament to how infrastructure investment is bringing new hope and opportunities to our rural communities. It is also a testament to the tireless collaboration that has made this progress possible.

“The South African National Defence Force’s technical expertise and commitment have been invaluable in constructing these bridges, often in challenging terrains and under tight timelines,” Macpherson said.

Speaking to SAnews, community member, Thozamile Mbeje, expressed her gratitude for the construction of the bridges. 

“I thank our government for constructing the bridges in our communities. It was difficult to cross the river during rainy seasons. Our children could not go to school because of overflowing rivers.”

Mbeje said they are now able to move to other areas with ease, and that children don’t have to miss school because of overflowing rivers.

Another resident, Isreal Sithole, said before the construction of the bridges, he could not go to work during rainy days.

“It was difficult to get to the other side because of the overflowing river, in the past we had incidences were people were washed away by the river,” Sithole said.

Sithole told SAnews that government should do more to improve people’s lives by bringing more services.ing“Our people need hospitals, clinics and other essential services closer to were they are staying,” Sithole said.

President Ramaphosa has been in Mpumalanga since Monday.

On Tuesday, the President met with the Provincial Executive Committee. Today, he undertook  the second phase of the Welisizwe Rural Bridges handover.

The meeting with the Mpumalanga Provincial Government’s Executive is part of a series of engagements between the President and provinces aimed at enhancing intergovernmental coordination and improve service delivery, in line with the priorities of the 7th Administration.

The handover and official opening of bridges afforded the President an opportunity to directly witness the work that has been done since the pronouncements made in the 2023 State of the Nation Address.

The Welisizwe Bridges programme is a strategic Integrated Project (SIP) prioritised by the 6th administration.

Collaborative efforts between the Department of Public Works and Infrastructure and the Department of Defence have already resulted in bridges being constructed in provinces such as KwaZulu-Natal, Eastern Cape, Limpopo, Mpumalanga, Free State, and the North West.

Welisizwe bridges are a key investment in community infrastructure and are giving people dignity, access to opportunities for education and work. – SAnews.gov.za

Edwin
Wed, 12/11/2024 - 13:11

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Over 13 000 spaza shops registration forms issued in Gauteng

Location: News

Over 13 000 spaza shops registration forms issued in Gauteng

As the spaza shop registration deadline looms, a total of 13 616 registration forms have been issued to local and foreign owners across Gauteng since registration started on 15 November 2024.

This follows a directive issued by President Cyril Ramaphosa that all spaza shops and food-handling facilities must be registered with their respective municipalities within 21 days.

Giving an update on the progress made on spaza shop registrations at a media briefing in Johannesburg on Wednesday, Gauteng Finance and Economic Development MEC, Lebogang Maile, reported that as of 10 December, 13 616 spaza shops were issued with registration forms and of these, 1 916 have been returned.

Maile said some of the applications returned were incomplete and missing critical supporting documents.

“At present, 2 605 applications have been submitted by non-South African spaza shop owners based on data from the City of Tshwane, Ekurhuleni, West Rand District Municipality (comprising Merafong, Rand West City and Mogale City Local Municipalities), and the Sedibeng District Municipality (comprising Emfuleni, Midvaal and Lesedi Local Municipalities),” Maile said.

The current engagements with township commercial property owners have helped to improve the number of registrations.

“The registration process has been simplified to ensure that business owners are not consumed in red tape, while simultaneously ensuring that compliance is achieved. Additionally, three municipalities, including the City of Johannesburg, City of Tshwane and City of Ekurhuleni, have digitised their application process, while other municipalities are in various stages of digitising the process.

“This is happening alongside the process of municipalities establishing by-laws on spaza shop ownership. Presently, municipalities are adopting a draft model standard by-law,” Maile said.

He noted that since the call to register spaza shops within 21 days, the Gauteng Provincial Government has identified and established registration centres across all five regions.

“A total of 85 registration centres were established, with their locations and required documentation for registration communicated using various media platforms including social media, commercial media, community media, as well as government communications platforms.

“Outreach programmes have also been put in place to accelerate registrations and information dissemination. All regions have initiated outreach programmes, with over 15 000 spaza shops reached by the programme,” Maile said.

Over 500 spaza shops closed for non-compliance

On spaza shops compliance, Maile reported that a total of 541 spaza shops have been closed due to non-compliance.

Non-compliant businesses include those without Companies and Intellectual Property Commission (CICP) registration, which is a legal requirement for operating a business in South Africa.

“Other issues of non-compliance include a lack of certificates of acceptability or comment from Environmental Health and non-payment of operating licences that are obtained from municipalities. Businesses operating from unsafe premises and within a hazardous environment have also been closed for non-compliance,” Maile explained.

The MEC said due to incomplete documentation being provided by spaza shop owners, as of 8 December 2024, there has not been a reconciled figure on the total number of compliant and non-compliant spaza shops.

“Most of the outstanding documents from applicants include unapproved internal floor layout plans, approved building plans, consent use, as well as certificates of acceptance and fire safety. Business owners have been advised to acquire this documentation for further processing of their applications.

“Additionally, there are businesses operating from informal dwellings in areas that are not proclaimed. These must first await a directive from the Department of Human Settlements,” the MEC said.

Spaza shops owners have been urged to hand in their applications for registration before the deadline on Friday, 13 December 2024. – SAnews.gov.za 

GabiK
Wed, 12/11/2024 - 14:17

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Big investment needed to drive sustainable development

Location: News

Big investment needed to drive sustainable development

National Treasury Director-General (DG), Dr Duncan Pieterse, has called for large scale and sustainable investments to ensure the global community meets its commitments to end poverty, protect the planet and build prosperous societies.

“Financing gaps for sustainable development are large and growing. The estimates by our international organisations indicate that around $4 trillion in additional investments is needed annually for developing countries,” Pieterse said on Wednesday in Johannesburg.

He was speaking during the two-day Group of Twenty (G20) Joint Sherpa and Finance Track meeting.

According to the United Nations (UN), the world may miss many of the Sustainable Development Goals (SDGs) targets by 2030 due to the delay in development progress, which may even be reversed under the combined weight of climate disasters, conflict, economic downturn and the lingering aftermath of the COVID-19 pandemic.

The Sustainable Development Goals are a universal call to action to end poverty, protect the planet and improve the lives and prospects of everyone, everywhere. 

“To achieve the SDGs by the 2030 deadline, an urgent large scale and sustainable investments push is needed,” Pieterse said.

The DG said South Africa’s G20 Presidency will strongly focus on the challenges facing emerging markets and developing countries, especially those on the African continent.

“We will also focus our attention on policies and mechanisms that support sustainable development. Many developing countries, including those in Africa experience growth that is insufficient to reduce poverty, as well as tough financing conditions and high levels of public debt that crowd out resources or development spending

“During our Presidency, there will be a very strong focus on enhancing debt sustainability through a comprehensive approach, which will include... finding ways to improve debt structuring, supporting countries with liquidity challenges and encouraging the development of local currency markets to attract domestic savings and improve debt transparency,” Pieterse said.

South Africa will also continue to obtain borrower country perspectives on debt, including through an African outreach event, with broad participation of the borrower countries.

On 1 December 2024, South Africa assumed the Presidency of the G20 group of countries, which comprises many of the world's largest developing and developed economies.

“The global economy has been put to the test over the last four years, marked by an unprecedented pandemic, escalation in geopolitical conflict and extreme weather events that have disrupted supply chains. 

“The latest assessment by the International Monetary Fund that global growth is expected to remain stable, yet underwhelming, remains a concern. Higher growth is essential to improve prosperity and living standards to reduce debt, and create policy space to tackle our spending pressures,” Pieterse said.

In 2025, South Africa’s G20 Presidency will focus on strengthening macroeconomic fundamentals, accelerating climate transition and boosting productivity growth.

This week's discussion under the South Africa G20 Presidency takes place ahead of two very important events -- the 5th Finance in Common Summit (FiCS), taking place in Cape Town in February 2025, and the Fourth International Conference on Financing for Development (FfD), which will take place in Spain in June 2025.

“We see these events as very important opportunities to strengthen the development finance ecosystem, scale up and redirect financing to meet our global sustainable challenges, and bring impactful changes in relation to climate and biodiversity needs.

“As we prepare to submit our Nationally Determined Contribution (NDC) in 2025, it is clear that our very ambitious climate action goals cannot be achieved without unlocking a similarly ambitious set of climate instruments.

“The G20 must continue to play a leading role to address the critical issues of our age, so that we can achieve both global sustainable development and development that is inclusive, equitable and leaves no one behind,” Pieterse said.

South Africa's G20 Presidency is the fourth consecutive emerging market Presidency, and it is also the first African Presidency, followed by the admission of the African Union (AU) as the second permanent African member. 

The G20 was established to tackle pressing global economic and financial issues. Together, G20 members account for around 85% of global GDP and 75% of international trade. 

The G20 comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and United States and two regional bodies, namely the European Union and the African Union.

The grouping therefore plays a critical role in influencing global policy making and fostering global economic stability. - SAnews.gov.za

nosihle
Wed, 12/11/2024 - 11:19

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Read moreBig investment needed to drive sustainable development

Two sentenced for crimes at Duvha Power Station

Location: News

Two sentenced for crimes at Duvha Power Station

Two people have been sentenced to five and 15 years imprisonment, respectively, for crimes targeting critical infrastructure at Duvha Power Station in Mpumalanga.

The two were sentenced in relation to separate incidents at the power station.

In a statement, Eskom said the two sentences “underscore the severe consequences of actions that threaten the nation’s energy supply”.

“On 8 October 2024, the Middelburg Magistrate’s Court sentenced Tseliso Ramosebetsi to 15 years in prison. Ramosebetsi was caught cutting and removing copper cables from the coal conveyor belt, a vital component of Duvha Power Station operations. Ramosebetsi and his accomplice, Mpho Johannes Machekela, were apprehended on 26 March 2024 after being detected through drone surveillance. 

“While Ramosebetsi has been brought to justice, Machekela absconded from trial, and a warrant for his arrest has been issued.

“In a separate case, the Witbank Magistrate’s Court sentenced Frederick Jacobs Van Wyk to five years in prison on 23 October 2024 for the theft of aluminium cables near the Horticulture site outside Duvha Power Station,” the statement read.

Eskom said the two sentences should serve as a deterrent to other would-be criminals.

“Eskom commends the South African Police Service for their dedication to securing these convictions, and thanks its security teams for their vigilance and collaboration in protecting the nation’s assets.

“Tampering with or damaging critical infrastructure is a criminal offence under the Criminal Matters Amendment Act, with penalties of up to 30 years’ imprisonment. Such activities disrupt essential services, pose serious safety risks, and undermine the sustainability of the electricity network, impacting communities and the economy.

“Eskom is committed to safeguarding the security and integrity of its critical infrastructure. The ongoing collaboration between Eskom’s internal security investigations team and law enforcement agencies, coordinated by the National Energy Crisis Committee’s Safety and Security Priority Committee, is yielding positive results in our efforts to combat crime and corruption,” Eskom said. – SAnews.gov.za

NeoB
Wed, 12/11/2024 - 10:16

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New Children’s Edutainment Garden launched in Pretoria

Location: News

New Children’s Edutainment Garden launched in Pretoria

The Minister of Forestry, Fisheries and the Environment, Dr Dion George, has unveiled the new Children’s Edutainment Garden at the Pretoria National Botanical Garden ahead of the festive season. 

This space serves as a unique educational resource for foundation-phase teachers and learners. The Children’s Edutainment Garden offers an ideal setting for teaching and learning in an engaging, nature-filled environment. 

“The Children’s Edutainment Garden stands as evidence of a deliberate choice to equip the next generation with knowledge. In the second phase, we will include elements that teach biodiversity in a direct, hands-on manner. 

“We believe that even early steps in understanding living systems help shape informed minds that respect free exchange, prudent stewardship, and independent thought,” the Minister said on Tuesday. 

The project, funded by the Department of Forestry, Fisheries and the Environment’s Green Open Space Management Programme, underscores the department’s commitment to contributing to the sustainable use of the country’s environmental resources. 

Teachers can use the space to introduce learners to concepts of personal and shared space, safety and cooperation in a fun, interactive way. For creative arts teachers, learners can practice locomotor movements such as walking, skipping, and running forwards and backwards, while navigating the play equipment. 

Activities promote rhythm, coordination, balance, spatial awareness, and early sports skills, as expected of elementary learners. This interactive play space is designed to inspire imagination, exploration, and outdoor fun for toddlers and young children. Little thrill-seekers can soar on swings, zoom down slides, and test their strength scaling the climbing wall. 

“Creativity knows no bounds in the imagination-inspiring play zone. The Children’s Edutainment Garden features interactive maze games and puzzles that challenge problem-solving and critical-thinking skills.

“Our adaptable play area features indigenous games such as ‘morabaraba’ and ‘diketo’ to ensure inclusivity, allowing children of all ages and all backgrounds to join in the fun. The play zone transforms ordinary moments into extraordinary adventures,” South African National Biodiversity Institute (SANBI) CEO, Shonisani Munzhedzi, said. 

Meanwhile, parents can unwind and enjoy a meal at the on-site restaurant, knowing their little ones are exploring, learning, and growing in a safe and enriching environment. The lawns surrounding the Children’s Edutainment Garden offer a beautifully maintained space for picnics and relaxation.

 These are just some of the many features that visitors can enjoy at the Pretoria National Botanical Garden. For those who are looking for fitness activities in nature, the garden opened a green gym and has several hiking trails. 

Visitors can access all these facilities for the affordable price of just R90 per adult. 

For those who wish to visit the garden more often, the SANBI Gardens Membership offers unlimited access to all 11 national botanical gardens across the country for just R800 per adult per annum and only R400 per child per annum. Children under the age of six years old enter free and pensioners over the age of 60 enter for free every Tuesday, except for public holidays. - SAnews.gov.za

nosihle
Tue, 12/10/2024 - 13:22

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GBV activists appointed to link communities and law enforcement

Location: News

GBV activists appointed to link communities and law enforcement

KwaZulu-Natal Premier, Thamsanqa Ntuli, has handed over appointment letters to 173 gender-based violence and femicide (GBVF) activists who will serve as liaisons between the communities and law enforcement, working across various police stations in the province.

The primary responsibilities for the activists include offering emotional and practical support to GBVF victims, improving community awareness of available resources, and strengthening preventative measures against violence.

The GBVF activists will focus on:
•  Victim support services: Providing emotional, psychological and practical assistance to survivors of GBVF at police stations and community centres.
•  Community engagement: Conducting workshops and campaigns to raise awareness about GBVF and available support systems.
•  Data collection and reporting: Assisting in documenting cases to ensure accurate data on GBVF trends and improve accountability.
•  Collaboration with police: Strengthening trust between communities and law enforcement by advocating for victim-centred approaches in handling cases.

Speaking at the handing over of appointment letters during a ceremony at the Westville Correctional Centre on Monday, Ntuli highlighted the urgency to intensify the fight against GBVF and the critical role the activists will play.

“The scourge of gender-based violence continues to ravage our communities, and we can no longer stand by as silent observers. These 173 activists will be the lifeline for victims, a voice for the vulnerable, and a driving force for change in our province,” the Premier said.

Ntuli added that the appointments form part of the province’s broader GBVF strategy, which includes improving coordination among government departments, non-governmental organisations and communities.

“This initiative also ties into the National Strategic Plan on GBVF, which prioritises survivour support, prevention, and justice for victims,” Ntuli said.

The Premier emphasised the economic and social benefits of the initiative.

“By placing these activists at the forefront, we are not only protecting our citizens but also empowering individuals to take ownership of their communities and foster safer spaces for women and children,” the Premier said.

Ntuli also reiterated a call on citizens to take action and join hands in the fight against GBVF.

“Ending gender-based violence is not a responsibility of the government alone. It requires all of us—men, women, and children to take a stand, to speak out, and to work tirelessly to build a province where everyone feels safe and respected.” – SAnews.gov.za

GabiK
Tue, 12/10/2024 - 13:46

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President Ramaphosa stresses Job Creation, Inclusive Growth in Mpumalanga

Location: News

President Ramaphosa stresses Job Creation, Inclusive Growth in Mpumalanga

President Cyril Ramaphosa has underscored the importance of inclusive economic growth and job creation as the central focus of government and its social partners. 

The President was speaking at the meeting between the National Executive and the Mpumalanga Provincial Executive Council at the Nkangala District Council Chambers, Mpumalanga. 

President Ramaphosa reiterated that cooperative governance is a constitutional mandate, urging all spheres of government to collaborate more effectively to address common challenges. 

Highlighting Mpumalanga’s potential, President Ramaphosa noted the province's dual role as South Africa’s energy powerhouse, fuelled by its abundant coal reserves, and a hub for agriculture and tourism. 

However, he also acknowledged the significant challenges the province faces, including an unemployment rate above the national average and widespread poverty. 

“For Mpumalanga, inclusive economic growth and job creation must therefore be at the forefront of the efforts of government and all social partners. Like other provinces, Mpumalanga needs to grow faster, and the benefits of growth need to reach more of its people.

“Fortunately, this province has many advantages that it can use to drive growth and development. Mpumalanga is literally South Africa’s powerhouse,” the President said. 

This is the National Executive’s third engagement with a provincial executive council. The Executive has previously met with the provincial leadership of Limpopo and KwaZulu-Natal.

Over the next year, the National Executive is planning to meet with the leadership of all other provinces. 

The President pointed to the province's critical role in the country’s just transition to a low-carbon economy, stressing the need to balance environmental objectives with protecting livelihoods.

“Mpumalanga is literally South Africa’s powerhouse. Most of the country’s electricity comes from here, fuelled by the abundant coal reserves in this province.

“Mpumalanga will therefore continue to be vital to the social and economic development of the country for many years to come. For this reason, the province will also be at the centre of the just transition to a low-carbon economy,” the President said. 

He called for investment in new technologies, industries, and skills to drive growth and create opportunities for communities.

President Ramaphosa lauded Mpumalanga's commitment to infrastructure development, which he described as essential for economic growth and improving the quality of life for residents. 

“This is a fertile province, which has the ability to sustain a wide variety of agricultural activities. Mpumalanga is a province of natural splendour. It has long been a destination for visitors from across South Africa and across the world. We are encouraged by the determination of the province to invest in infrastructure,” the President said. 

He encouraged provincial leaders to strengthen partnerships with national entities such as Infrastructure South Africa and the Infrastructure Fund.

The meeting, attended by Minister of Cooperative Governance and Traditional Affairs Velenkosini Hlabisa, Mpumalanga Premier Mandla Ndlovu, and several Ministers and Deputy Ministers, aimed to align national and provincial priorities.

As engagements with other provinces continue, President Ramaphosa emphasised the importance of leveraging regional strengths to complement national development goals.

“Different provinces have different resources and capabilities. As a country, we must ensure that these are developed and work to complement each other,” the President said.

The gathering is part of the President’s ongoing efforts to enhance cooperation between national and provincial governments to address pressing socio-economic challenges and promote sustainable development. – SAnews.gov.za

DikelediM
Tue, 12/10/2024 - 14:40

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Basic Education launches app to track eradication of pit toilets

Location: News

Basic Education launches app to track eradication of pit toilets

Basic Education Minister Siviwe Gwarube has unveiled the Safe Schools App, a technological solution designed to tackle one of the most urgent issues in South African schools - the eradication of pit toilets. 

The app was unveiled to the media in Tshwane on Monday afternoon during a briefing hosted by the department. 

The Safe Schools App, developed and donated by Vodacom South Africa, is a tool aimed at promoting accountability and transparency in addressing the pressing challenge. 

“The Safe Schools App is more than just an application; it is a bold statement of our resolve to eliminate unsafe sanitation facilities in schools and to do so with transparency, efficiency and accountability,” Gwarube said. 

The Minister outlined three strategic objectives for the app. 

In the short-term, it will provide real-time monitoring of the eradication of pit toilets. The app features a dynamic heat map that tracks progress on the removal of pit latrines nationwide. This feature ensures that government has access to real-time information about its efforts on the SAFE backlog. It also highlights areas requiring urgent attention, ensuring that indeed, no child is left behind. 

In the medium-term, the app will enable crowdsourcing of data to fill existing gaps in information about sanitation facilities across the country.

In the long-term, the department will roll out the use of the app to monitor other key programmes. 

Beyond sanitation, the app has the potential to serve as a key platform to track other critical departmental initiatives, including the National School Nutrition Programme, infrastructure projects, and the delivery of learning and teaching materials. 

Gwarube said the launch of the app represented a significant step forward in the department’s strategy to leverage technological partnerships to improve education outcomes in the country. 

“In today’s world, technology is not just a tool but a necessity. It allows us to enhance accountability, optimise resource allocation, and improve efficiency across the education system. 

“The Safe Schools App is a prime example of how technology can be harnessed to address societal challenges that seemed too big and too complex for us to resolve,” she said. 

The Minister invited every South African to play a role in ensuring that the nation’s schools are safe and dignified spaces for learning. 

“This is what education in a modern democracy should look like: engaged, participatory and driven by a shared vision for the future,” she said. 

Mechanism for accountability 

Gwarube said accountability was at the heart of the Safe Schools App. 

By providing a clear and real-time view of progress, the app ensures that everyone involved -- government officials, implementing agents, school administrators, and communities -- remain focused on achieving the goal of eradicating the backlog of SAFE pit toilets by the 31 March 2025 deadline. 

“This tool will enable us to identify and respond to delays, allocate resources where they are needed most, and celebrate successes along the way. It is a game-changer in how we approach infrastructure challenges, and I believe it sets a new standard for accountability and for transparency in public service delivery,” Gwarube said. 

The Minister said the eradication of pit toilets speaks to the dignity, safety, and well-being of children in schools. 

“It is about ensuring that every learner, regardless of their background or location, has access to toilets that reflect the values of a democratic and inclusive society,” she said. 

She said the urgency of the task cannot be overstated because unsafe sanitation facilities not only compromise the health and safety of learners but also impact their ability to focus on their studies and achieve their full potential. 

The Minister urged every parent, teacher and concerned citizen to report pit toilets to www.safeschools.gov.za.

“This is a collective effort, and every contribution counts. By working together, we can ensure that no child has to endure unsafe or undignified learning conditions,” Gwarube said. 

Tragic losses 

Pit latrines in South Africa have claimed the lives of several children, highlighting the urgent need for improved sanitation in schools. 

Tragic incidents include the case of Michael Komape, a five-year-old boy who drowned in a pit toilet at his school in Limpopo in 2014. His death brought national and international attention to the dire state of sanitation infrastructure in rural schools.

In 2018, Lumka Mketwa, a five-year-old girl from the Eastern Cape, died after falling into a pit latrine at her school. 

The South African Human Rights Commission and other organisations have called for accountability and the urgent eradication of pit latrines, emphasising the role of government and private sector partnerships in addressing this critical issue. – SAnews.gov.za

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Tue, 12/10/2024 - 11:55

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The Imperative of a Coordinated Approach: Strengthening the Cluster System in South Africa

Location: News

The Imperative of a Coordinated Approach: Strengthening the Cluster System in South Africa

By Phindile Baleni

As we approach the end of 2024, reflecting on our nation's challenges and opportunities is important. The recent history of South Africa has shown us that traditional modes of governance are no longer sufficient to address the complex issues our society grapples with. From the lingering impacts of the COVID-19 pandemic to the escalating cost of living, the time has come for a renewed focus on how we govern and implement our policies.

At the heart of this transformation lies the cluster system of governance, a framework designed to improve coordination and integration across all levels of government. While this system has been established for some time, we must critically assess its efficacy in facing persistent service delivery challenges and ensuring that the government provides high-quality services to its citizens. The 7th Administration has articulated three key priorities: driving inclusive growth and job creation, reducing poverty, and building a capable, ethical, and developmental state. These goals cannot be achieved in silos; they require a collaborative approach that leverages the strengths of various sectors and stakeholders. 

Our challenges are multifaceted and interconnected, rendering a fragmented approach ineffective. Our citizens are looking for solutions that are not only effective but also equitable. The cluster system must evolve to ensure that we address critical delivery issues adequately and hold ourselves accountable for the implementation of decisions made. 

To maximize the effectiveness of the cluster system, we must embrace strategic guidance and agenda-setting that promotes integration. The role of the Minister in the Presidency is fundamental in this regard. By coordinating with Ministerial Cluster Chairpersons and providing clear direction, we can ensure our priorities are aligned and that we work towards a common goal. Centralizing the Secretariat for the cluster governance system would streamline processes and enhance communication, enabling clusters to engage meaningfully and make informed decisions. Reducing the frequency of Cabinet meetings will also allow for deeper discussions and strategic analysis, advancing a culture of robust conversation.

Ultimately, the success of the 7th Administration hinges on our ability to create shared public value. This means increasing the worth of our population, territory, institutions, and competitive advantage. All government departments and agencies must align with this vision, as their contributions are imperative to establishing a cohesive and effective governance framework. Activating the Five National Security Quintets—national identity, values, interests, power, and will—will be key in rallying our citizens behind our collective goals. A collaborative approach is vital as we navigate both domestic and international landscapes.

As we move forward, let us reaffirm our commitment to a cluster system that is more than just a structural framework; it must be a dynamic and responsive mechanism reflecting the needs of our society. We can restore trust in our government and improve the lives of all South Africans by promoting partnerships, enhancing coordination, and building a culture of accountability. 

The challenges are significant, but so are the opportunities. Together, we can build a capable, ethical, and developmental state that not only meets today's needs but also paves the way for a prosperous future.

*Phindile Baleni serves as the Director-General in the Republic of South Africa Presidency. She spoke at the Governance State Capabilities and Institutional Development Cluster Retreat on 02 December 2024.

Matona
Tue, 12/10/2024 - 08:27

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Lamola advocates for the evolution of multilateral institutions

Location: News

Lamola advocates for the evolution of multilateral institutions

With the world facing complex issues such as climate change, economic inequality, global health crises, and geopolitical tensions, International Relations and Cooperation Minister Ronald Lamola says multilateral institutions must evolve to meet the global challenges of today.

“While international cooperation and multilateralism are currently confronted with divisive geopolitics and unprecedented challenges such as climate change, slow economic growth and deepening poverty, the G20 must make strides in forging practical, mutually beneficial cooperation that champions an international order that is fairer, just, inclusive and representative,” the Minister said on Monday in Johannesburg.

He was addressing the first G20 Sherpas Meeting, as South Africa commenced with the first engagement of the more than 130 meetings that will precede the G20 Summit in 2025.

WATCH | 

 

The Sherpa Track is led by the personal representatives of G20 leaders, and oversees negotiations and discusses the points that form the summit’s agenda, and coordinates most of the work.

On 1 December 2024, South Africa assumed the Presidency of the G20 group of countries, which comprises many of the world's largest developing and developed economies. 

READ | G20 South Africa news articles

It was established to tackle pressing global economic and financial issues. Together, G20 members account for around 85% of global GDP and 75% of international trade. 

The G20 comprises 19 countries including: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and United States and two regional bodies, namely the European Union and the African Union.

The grouping therefore plays a critical role in influencing global policy making and fostering global economic stability.

“The multilateral institutions with economic and developmental mandates must be strengthened, as the need for their intervention is even much bigger now. We all know that many countries, especially the developing world, are still recovering from the economic shock of COVID-19. 

“Poverty and weak economic growth remain a challenge for many countries, especially in Africa and the developing world; thus, the themes of our temporary Task Forces focus on these matters,” Lamola said.

According to studies from the International Monetary Fund, trade has been a major contributor to global growth over the past decades, helping to promote economic development, increase economic opportunity and lift millions out of poverty.

“It is for this reason that South Africa supports international cooperation and multilateralism. We also know of the benefit this would bring us, as we seek to grow our economy and support the development of the African continent.

“As the premier forum for international economic cooperation, South Africa seeks to amplify the continued value of the G20 as a forum of the world’s largest developing and developed economies; a forum that provides leadership and momentum towards greater global economic growth and sustainable development; a forum whose work serves to complement and foster the broader processes of the various multilateral spheres,” Lamola said.

He said the global community must remain committed to multilateralism and upholding international law and ensure that the United Nations (UN) remains the centrepiece of this multilateralism. 

“Its central role in the international system ensures that sovereign States cooperate to maintain international peace and security, advance sustainable development, and ensure the promotion and protection of democracy, human rights, and fundamental freedoms for all.

“Whereas G20 leaders set the agenda for our partnership, we rely on the immense efforts of our Sherpas to translate these commitments into practical cooperation,” the Minister said.

South Africa’s G20 Presidency is being held under the theme: "Solidarity, Equality, Sustainability" - a theme that seeks to harness global will and capabilities to confront the enormous challenges the world is facing.

“In the spirit of Ubuntu, our shared humanity, we will address these challenges through our high-level deliverables and priorities, which lie at the core of the original G20 mandate of promoting strong, sustainable, balanced and inclusive growth, and by building partnerships across all sectors of society to find collective solutions.

“As we build on the past and set the tone for the future, we must accentuate the need to adhere to universal values, shared norms, and strong multilateral institutions. Now more than ever, multilateral institutions must be strengthened and reformed to deliver broad global consensus and serve as platforms to resolve disputes,” the Minister said. - SAnews.gov.za

nosihle
Mon, 12/09/2024 - 11:37

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Companies Plan to IT Security Budgets up to 9% in the Next Two Years

Location: Business
Kaspersky

Companies are planning to increase their investments in information security against the background of growing financial losses from cyber incidents. This trend was revealed in the recent Kaspersky's (www.Kaspersky.co.za) IT Security Economics report.

Kaspersky IT Security Economics is an annual report that unpicks the changes in budgets, breaches and business challenges affecting IT Security decision makers. It is based on interviews with IT and IT security professionals working in organisations of various sizes and industries. The survey was conducted across 27 countries in Europe, the Asia-Pacific region, the Middle East, Turkiye and Africa (META) region, Latin and North America.

According to the research, companies plan to increase their IT security budgets by up to 9%. The median cybersecurity budgets for large enterprises were $5.7M with $41.8M allocated for IT generally, while SMBs invested $0.2M in IT security from a median IT budget of $1.6M.

Possible reasons for the increased investment can be found in the analysis of financial losses from cyber incidents. Large enterprises experienced an average of 12 incidents this year, spending $6.2M to recover from them — 1.1 times higher than the budget allocated for IT security overall. Despite the greater resources and advanced security infrastructures, the sheer scale and complexity of large enterprise organisations make them more susceptible to costly breaches. While these enterprises are often better equipped to detect incidents quickly, the time required to fully respond and mitigate these threats can span for hours, underscoring the challenge of managing widespread, complex IT environments.

As for SMBs, these organisations experienced an average of 16 incidents this year, while spending $0.3M for remediation, which is 1.5 times higher than their overall IT Security budget. SMBs are the most disproportionately affected group in terms of budgetary impact. They often lack robust cybersecurity policies and procedures, which leaves them vulnerable to incidents involving employees, public cloud misconfigurations, and high-level permissions.

In the META region, organisations of all sizes reported to have experienced on average 13 incidents within a year. In South Africa, organisations of all sizes reported to have experienced on average 19 incidents within a year.

“This data illustrates the continuation of the current trend of increasing cybersecurity spending across all market segments. This growth is driven by at least three key factors. Firstly, and obviously, the constant growth in the complexity of cybersecurity threats forces companies to adopt more advanced solutions to enhance the detection of attack traces and automate responses. Secondly, increasing concerns from governments regarding digital sovereignty leads to the emergence of new regulations and regulatory requirements and, as a result, increased expenses. The third factor influencing the growth of cybersecurity budgets and costs is the constant increase in salary expectations for professionals in various cybersecurity fields,” comments Veniamin Levtsov, Vice President, Center of Corporate Business Expertise at Kaspersky.

To protect companies against a wide range of cyber threats, Kaspersky recommends:

  • Use all-encompassing solutions, such as those from the Kaspersky Next (https://apo-opa.co/3VwBRnf) product line, that provide real-time protection, threat visibility, advanced investigation and response capabilities for companies of any size and industry.
  • Adopt a managed security service such as Kaspersky Managed Detection and Response (https://apo-opa.co/49pxUXj) if companies lack qualified InfoSec professionals. It will provide the necessary expertise and give them the best possible advanced automated security services. Thanks to its analysis of corporate data gathered every day, in real time, 24/7, it can shield businesses against sophisticated cyberattacks.
  • Educate your employees. Dedicated training courses can help, such as those provided in the Kaspersky Automated Security Awareness (https://apo-opa.co/3VtJyuu) Platform.

To gain more insights about IT security costs and budgets in businesses visit the interactive IT Security Calculator (https://Calculator.Kaspersky.com).

To read the full report “IT Security Economics”, that is based on a survey conducted in Brazil, Chile, China, Egypt, France, Germany, India, Indonesia, Italy, Japan, Kazakhstan, Saudi Arabia, Malaysia, Mexico, Pakistan, Philippines, Russia, South Africa, South Korea, Singapore, Spain, Thailand, Turkey, Vietnam, UAE, UK and US, visit the website (https://apo-opa.co/3Zp3ik9).

Distributed by APO Group on behalf of Kaspersky.

For further information please contact:
Nicole Allman
INK&Co. (https://INKandCo.co.za)
nicole@inkandco.co.za

Social Media:
Facebook: https://apo-opa.co/3OLZioQ
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YouTube: https://apo-opa.co/4gmirtl
Instagram: https://apo-opa.co/3BkYK6f
Blog: https://apo-opa.co/3OKs219

About Kaspersky:
Kaspersky is a global cybersecurity and digital privacy company founded in 1997. With over a billion devices protected to date from emerging cyberthreats and targeted attacks, Kaspersky's deep threat intelligence and security expertise is constantly transforming into innovative solutions and services to protect businesses, critical infrastructure, governments and consumers around the globe. The company's comprehensive security portfolio includes leading endpoint protection, specialized security products and services, as well as Cyber Immune solutions to fight sophisticated and evolving digital threats. We help over 200,000 corporate clients protect what matters most to them. Learn more at www.Kaspersky.co.za.

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SA kicks off first G20 engagement

Location: News

SA kicks off first G20 engagement

South Africa has set the agenda for its Group of Twenty (G20) Presidency with the commencement of the fist engagement of the more than 130 meetings that will precede the G20 Summit in 2025.

The Minister of International Relations and Cooperation, Ronald Lamola, officially opened the first G20 Sherpas Meeting in Johannesburg, on Monday.

The Sherpa Track is led by the personal representatives of G20 leaders. The Sherpa Track oversees negotiations and discusses the points that form the summit’s agenda, and coordinates most of the work.

“The first Sherpa Meeting of the G20 is important traditionally, as it sets the stage for the upcoming Presidency and the critical conversations on some of the most vital issues of our time.

“In the spirit of Ubuntu, our shared humanity, we will address these challenges through our high-level deliverables and priorities, which lie at the core of the original G20 mandate of promoting strong, sustainable, balanced and inclusive growth and by building partnerships across all sectors of society to find collective solutions,” Lamola said on Monday.

WATCH | 

 

South Africa’s G20 Presidency is being held under the theme: "Solidarity, Equality, Sustainability", a theme that seeks to harness global will and capabilities to confront the enormous challenges the world is facing.

South Africa will use its G20 Presidency to secure urgent progress on shared goals through several priority actions, which include strengthening disaster resilience and response; ensuring debt sustainability for low-income countries; mobilising finance for a just energy transition and harnessing critical minerals for inclusive growth and development.

As part of its efforts to bring the Sherpa and the Finance tracks closer together, three temporary Task Forces, an Initiative and a Commission will be established during South Africa’s G20 Presidency.

South Africa’s priorities include Inclusive Economic Growth, Industrialisation, Employment and Reduced Inequality; Food Security and Artificial Intelligence, Data Governance and Innovation for Sustainable Development.

“A review of the work of the G20 -- The G20 at 20 years: A Reflection on Key Achievements and the Way Forward -- will also feature as one of South Africa’s deliverables through a Sherpa Track Initiative. South Africa also proposes the establishment of a Cost of Capital Commission during its G20 Presidency,” Lamola said.

The three Task Forces, the Initiative and Commission will be established to deliver tangible results during South Africa's G20 Presidency. All of the priorities, as well as the overall theme, will influence Working Groups’ priorities and work plans.

South Africa assumed its G20 Presidency on 1 December 2024, following the astute and successful leadership of Brazil.

“The South African government also recognises the significant strides made by the Brazilian G20 Presidency in enhancing the G20 as a site of democratic global engagement. The South African Presidency will continue this trajectory. 

“A comprehensive dialogue with civil society and other State and non-State institutions will be conducted through the existing Engagement Groups.

“Following the approach of the Brazilian Presidency, a G20 Social Forum will be convened, which will precede the Leaders’ Summit in November 2025, to bring together representatives of the existing engagement groups and other segments of civil society that may offer meaningful contributions to the G20,” Lamola said.

The G20 group comprises many of the world's largest developing and developed economies. It was established to tackle pressing global economic and financial issues. Together, G20 members account for around 85 percent of global GDP and 75 percent of international trade. 

The G20 comprises 19 countries including Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, United Kingdom, and United States and two regional bodies, namely the European Union and the African Union.

The grouping therefore plays a critical role in influencing global policy making and fostering global economic stability.

“I trust that this meeting will set the trend for our subsequent meetings and that, as much as we celebrate the landmark achievements of the G20, we will also, during the course of the year ahead, begin to look ahead toward the strategic imperatives for the next cycle of G20 cooperation,” Lamola said. -SAnews.gov.za

nosihle
Mon, 12/09/2024 - 12:08

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STEM Lab launched at the University of Limpopo 

Location: News

STEM Lab launched at the University of Limpopo 

The Minister of Communications and Digital Technologies, Solly Malatsi, has officially opened a state-of-the-art STEM (science, technology, engineering, and mathematics) Lab at the University of Limpopo.

“This STEM Lab represents hope, progress, and opportunity. For the youth in Mamotintane, Ga-Motholo, Mankweng, and surrounding communities, it is a gateway to skills in artificial intelligence, robotics, and data analytics,” Malatsi said on Saturday.

The facility, made possible through strategic partnerships with the National Electronic Media Institute of South Africa (NEMISA), STEMpower, DHL and other key stakeholders, will empower students and the surrounding community with critical digital and STEM-related skills, equipping them for a future driven by technology and innovation.

“For educators, it is a chance to inspire the next generation of innovators. And for the unemployed, it is an opportunity to gain meaningful skills for employment or entrepreneurship.

“This lab is not just a resource for the university but for the entire community. It is proof of what we can achieve when government, academia, and industry work together to create sustainable, scalable solutions for digital inclusion,” the Minister said.

He said STEM forms the backbone of the modern economy, driving technological advancements, innovation, and economic growth. 

“By equipping young people with STEM skills, we are preparing them to excel in high-demand fields like artificial intelligence, robotics and data analytics. Let us harness the power of STEM education to build a South Africa where technology serves as a bridge to inclusion and opportunity, ensuring that no one is left behind,” the Minister said.

The lab is part of a broader initiative by the Department of Communications and Digital Technologies to expand access to affordable internet and devices, foster skills development, promote the productive use of technology, and position South Africa as a leading Information and Communications Technology (ICT) investment destination.

The launch in Limpopo is one of several, with similar labs being established at Walter Sisulu University, King Hintsa TVET College, Ehlanzeni TVET College, and the Central University of Technology. -SAnews.gov.za
 

nosihle
Mon, 12/09/2024 - 12:25

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African Development Bank Accelerates Private Sector Support With Initial Disbursement of $1 Billion Loan to Transnet

Location: Business
African Development Bank Group (AfDB)

The African Development Bank (www.AfDB.org) has released the first tranche of its $1 billion loan to Transnet, the South African state-owned conglomerate managing the country's ports, railways and pipelines. This disbursement is the first in a series of four tranches planned for an unparalleled financing arrangement to support Transnet's business's recovery plan.  

Approved by the Bank's Board of Directors five months ago, this funding underpins a recovery plan to address pressing operational challenges of the company, while bolstering South Africa's critical infrastructure. 

The funding will allow Transnet to commence the first phase of its ambitious ZAR 152.8 billion (USD 8.1 billion) five-year investment plan to upgrade existing infrastructure while enhancing key logistic chain segments.  

“This swift disbursement shows the Bank's commitment to the private sector in Africa, which is essential for supporting sustainable economic growth,” said Solomon Quaynor, Vice President for Private Sector, Infrastructure and Industrialization at the African Development Bank Group, speaking on the sidelines of the Africa Investment Forum 2024 Market Days in Rabat, Morocco.  

The efficiency of the disbursement reflects Transnet's fulfilment of the Bank's rigorous requirements for governance, the environmental stewardship, and social responsibility. Following the September 2023 signing of the loan agreement between Transnet and the African Development Bank in Johannesburg, the Bank committed to supporting Transnet's recovery plan with targeted financing. 

Transnet has faced significant operational hurdles for several years, including under-investment, equipment theft, vandalism, flooding and the long-lasting impacts of  the Covid-19 pandemic. In response, the company has restructured and embarked on internal reforms to improve efficiency and management while committing to decarbonization and carbon footprint reduction initiatives. 

The African Development Bank commended the South African government's dedication to restructuring Transnet and enhancing governance in the transport sector. Transnet has notably improved governance practices, particularly in tendering procedures and financial management, as part of its broader reform efforts. 

With over 30,000 kilometres of railway infrastructure -- the largest in any emerging economy -- Transnet plays a vital role in regional. Its railway network links South Africa's ports with key regional partners, including Botswana, Zambia, Zimbabwe and the Democratic Republic of Congo, and supports operations at Durban, the fourth-largest container terminal in the southern hemisphere. 

The African Development Bank's support for Transnet is therefore crucial for improving South Africa's competitiveness and strengthening the continent's economic integration, while responding to the challenges of the logistics sector, which is vital for Africa's development.  

With this disbursement, the African Development Bank has once again demonstrated its agility in the financial support it provides to the African private sector. 

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media Contact: 
Romaric Ollo Hien 
Communication and External Relations Department
media@afdb.org 

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Read moreAfrican Development Bank Accelerates Private Sector Support With Initial Disbursement of $1 Billion Loan to Transnet

Minister welcomes ruling on illegal fishing activities

Location: News

Minister welcomes ruling on illegal fishing activities

The Minister of Forestry, Fisheries and the Environment, Dr Dion George, has welcomed the successful conviction and sentencing of fishing company Unathi-Wena Fishing CC for illegal fishing activities within the De Hoop Marine Protected Area (MPA). 

“This case sends a clear and unambiguous message - illegal fishing activities will not be tolerated, and violators will be held accountable. We remain steadfast in our commitment to safeguarding South Africa’s marine ecosystems for current and future generations,” the Minister said on Sunday.

The incident occurred from 10 to 13 May 2019. Sentencing took place in the Bredasdorp Regional Court in the Western Cape on 27 November 2024, where a R150 000 fine was imposed for illegally fishing inside the MPA.

In addition, the court handed down a R2 million fine, with R1 million suspended for committing ‘any act or omission which detrimentally affects or is likely to detrimentally affect the environment.’

The incident was uncovered through intelligence gathered by the Department of Forestry, Fisheries and the Environment’s Monitoring and Surveillance Directorate. 

Investigations revealed that the vessel, operating under permit number 1900511 for the Demersal Shark Fishery sector, violated Regulation 75 of the Marine Living Resources Act (MLRA) and Section 49A(1)(f) of the National Environmental Management Act (NEMA).

Regulation 75 of the MLRA aims to prevent illegal fishing activities within a marine protected area while Section 49(A)(1)(f) of the NEMA makes it an offence to commit any activity, whether intentionally or by way of omission, which is detrimental to the environment. 

Given the significance of the MPA and the importance of utilising more advanced investigative techniques, the criminal investigation was undertaken by an experienced investigator in the department’s Environmental Management Inspectorate and a comprehensive docket was presented to the National Prosecuting Authority. 

“This sentencing is a significant victory in our ongoing fight against the exploitation of marine resources in protected areas. The De Hoop MPA is a critical sanctuary for marine biodiversity, and any breach of its protection undermines years of conservation efforts.

“This judgment reflects the strength of our environmental legislation and the importance of monitoring and enforcement in deterring illegal activities, it also reinforces our commitment to collaboration with law enforcement agencies, communities, and stakeholders in the preservation of South Africa’s rich marine heritage.

“This successful prosecution highlights the department’s unwavering dedication to protecting marine biodiversity and ensuring compliance with environmental laws,” George said. -SAnews.gov.za
 

nosihle
Mon, 12/09/2024 - 08:28

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Government extends analogue switch-off date

Location: News

Government extends analogue switch-off date

In an effort to ensure that as many indigent households as possible enjoy their right to access broadcast services, government has extended the date for the complete switch-off of analogue to digital television.

The Ministry of Communications and Digital Technologies has secured Cabinet’s support for an extension of the deadline for the analogue switch-off from 31 December 2024 to 31 March 2025.

“Currently, approximately 467 000 indigent households, who are registered for government-provided set-top boxes have not yet received them.

“There is no denying that the Broadcasting Digital Migration project has dragged on for far too long, costing the government R1.23 billion for dual illumination, which refers to the simultaneous transmission of both analogue and digital signals.

“This process is costly and cannot be sustained indefinitely, moreso, at a time when the fiscus is under extreme pressure,” Minister of Communications and Digital Technologies, Solly Malatsi, said on Friday.

Government’s immediate focus between now and the end of March 2024 is to aggressively accelerate the delivery and installation of set-top boxes to indigent households to ensure that as many households as possible are prepared for the switch-off.

“Broadcasters are key stakeholders in this and will be instrumental in raising awareness to ensure that the rest of the free to air households have access to the necessary device to receive digital broadcasting signals.

“I appeal to all South Africa to help ensure that we migrate those households which are still receiving analogue broadcasting transmission.

“We all have a role to play to ensure that the country transitions towards digital broadcasting for better services, wider content and entertainment.”

To avert further delays and ensure efficient delivery, the Minister has directed the Director-General to implement consequence management for any individuals responsible for failures within the department.

“We have communicated this decision to the broadcasters and relevant stakeholders in a meeting today and commit to continue working together with them on this project. Their commitment to ensuring that the free-to-air households migrate is critical to the success of this programme.

“The postponement of the analogue switch-off deadline recognises the considerable delays that have plagued the Broadcasting Digital Migration (BDM) project since its inception and provides the necessary relief that makes provision for more time to migrate as many South African as possible before the final switch off. To this end, the Government will continue to subsidize indigent households,” Malatsi said. -SAnews.gov.za

nosihle
Fri, 12/06/2024 - 14:24

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Work underway to resolve SA’s challenges

Location: News

Work underway to resolve SA’s challenges

Collaboration between businesses and government is essential to overcoming the country’s challenges and ensuring a sustainable future for South Africa, Deputy President Paul Mashatile has said.

He told Members of Parliament (MPs) that economic growth remains government’s number one priority. 

“We have always appreciated the role of the private sector in the growth and development of our economy,” he said on Thursday.  

In attracting investments, and stimulating economic growth, the Deputy President stated that the previous administration adopted reforms aimed at improving energy and logistical constraints reducing barriers to private sector investment. 

Meanwhile, he said the sixth administration worked hard to address structural rigidities in the labour market as well as to tackle crime and corruption. 

The Deputy President was responding to questions in the National Council of Provinces (NCOP) on a range of national and international issues of public importance. 

He also touched on Phase 2 of the Business and Government Partnership launched by President Cyril Ramaphosa in October this year. 
READ | Second phase of Government - Business Partnership launched

This partnership is aimed at supporting government efforts to accelerate the country’s path towards sustainable inclusive economic growth and job creation, through increased investment.

Since then, about 140 CEOs from leading South African businesses pledged to work with government in increasing gross domestic product (GDP) growth, creating jobs, and promoting investor confidence. 

“The collaboration between businesses and the government is essential in overcoming the current crisis and ensuring a sustainable future for South Africa.” 

He stated that Phase 2 will also strengthen the acceleration of the market reform needed for long-term energy security and infrastructure development for inclusive economic growth. 

Over the medium term, the Deputy President said the State was transforming its approach to public sector infrastructure by creating the conditions to attract private sector participation.

“Private sector resources were mobilised to address the energy crisis. As we are all aware we have not had an uninterrupted power supply since 26 March 2024, which is over 250 days. Together with the private sector, we are now focusing on augmenting public sector capability and to provide new channels for financing.” 

Meanwhile, he said the focus has now shifted to addressing water and infrastructure-related challenges, including freight and logistics. 

“We will continue to mobilise private sector resources to augment the capability of the public sector to fast track the provision of sustainable energy and critical infrastructure to support inclusive economic growth.”  

Intergovernmental debt

On the question of the growing intergovernmental debt, the Deputy President admitted it was a challenge that hampers government efforts to deliver services, particularly at local government level.   

He announced that the National Treasury will also consider “top slicing” budgets of departments that owe municipalities to settle the debt. 

He assured MPs that the State was implementing several measures to address debt. 

According to the Deputy President, Accounting Officers are required to settle all contractual obligations and pay all monies owed, including inter-governmental claims, within 30 days of the submission of an invoice, or on a specific period agreed upon with creditors or suppliers. 

In addition, he said the Treasury is enforcing the implementation of section 216 (1) of the Constitution by withholding the Local Government Equitable Share and other conditional grants for persistent municipal failure, including non-payment of bulk suppliers and third parties. 

The National Government Debt Forum, chaired by the Department of Public Works and Infrastructure, is aimed at resolving the current challenges of non-payment of municipal accounts by organs of State. 

The forum deals with challenges such as those relating to property ownership, incorrect tariff charges, unjustified huge interest charges as well as budget constraints. 

“We will continue to implement these and other measures to eliminate the challenge of intergovernmental debt, and to improve the delivery of services to our communities,” he added. – SAnews.gov.za
 

Gabisile
Fri, 12/06/2024 - 10:58

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President Ramaphosa assents to bill promoting rail safety

Location: News

President Ramaphosa assents to bill promoting rail safety

President Cyril Ramaphosa has signed the Rail Safety Bill into law, ushering in a new era of enhanced regulation and safety standards for South Africa’s railway sector. 

The legislation underscores the critical importance of safe railway operations for protecting lives, safeguarding the environment, and promoting rail as an efficient mode of transportation.

In a statement, the Presidency said the new law provides for the regulation of railway safety and for the continued existence of the Railway Safety Regulator.

“The law introduces railway safety permits as well as a national railway safety information and monitoring system.

“The law recognises that safe railway operations promote the use of rail as an efficient mode of transportation and that the effective provision of railway safety demands uniform policy, norms and standards,” the Presidency said. 

The Rail Safety Bill assented to by the President replaces the National Railway Safety Regulator Act of 2002, which was last amended in 2009. 

The updated legislation reflects significant changes in the railway sector, such as South Africa’s rolling stock investment programme and the adoption of the first standard gauge railway system. 

Recognising the importance of regional integration, the new law aligns South Africa’s railway safety regime with the Southern African Development Community’s (SADC) goals for safe and harmonised railway operations. This move is expected to facilitate greater connectivity and collaboration within the region.

“This is a significant prerequisite for greater regional integration,” the Presidency said. 

Key provisions of the Bill include:

  • Creating a national railway safety information and monitoring system.
  • Introducing railway safety permits.
  • Designed to create consistent policies, norms, and standards for railway safety.
  • Seeks to harmonise South Africa’s railway safety regulations with those of the Southern African Development Community.

The Presidency said by prioritising uniform policies, norms, and standards, the Rail Safety Bill positions rail as an important component of South Africa’s transportation system while addressing the demands of modernisation and regional integration. – SAnews.gov.za

 

DikelediM
Thu, 12/05/2024 - 13:03

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