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11 September 2024

National Basketball Association (NBA) Africa Announces Finalists for Triple-Double Startup Accelerator Demo Day

Location: Sport

NBA Africa (www.NBA.com) today announced the 10 startup companies from seven African countries that have been selected to pitch their products to a panel of international industry leaders at a Demo Day at the NBA headquarters in New York City on Wednesday, Sept. 25 as part of “Triple-Double: NBA Africa Startup Accelerator (http://apo-opa.co/47lTICe),” which the league launched in April 2024 to support Africa's technology ecosystem and the next generation of African entrepreneurs.

The panel will then determine the four winning companies that will be awarded financial support and mentorship, including an opportunity to participate in workshops and development programs facilitated by NBA Africa or its partners.  Below are the 10 startups that will compete for the four prize-winning spots.

  • Backrest (Rwanda) provides a wearable technology solution called WristWrist for venues and event organizers to facilitate cashless payments at event venues.  WristWrist provides a payment system whereby attendees can load money onto wristbands before an event and spend it at the event venue through seamless, quick transactions.
  • Buzza (Nigeria) helps sports organizations improve their operations through digital solutions, including enabling organizations to transition from paper-based to digital management, setting up websites, collecting payment, and growing revenue.  Athletes can also sign up for the platform to track their matches and scores and build their profiles to become more prominent sports figures and influencers across Africa.
  • Festival Coins (Nigeria) is an event technology company that offers a customizable, no-code event registration and ticketing platform called Tix Africa for events in Nigeria and Ghana.  It enables event organizers to sell tickets online, process payments, and handle on-site registrations.
  • Gara (Côte d'Ivoire) is a pan-African video gaming and comics platform that encourages and facilitates the distribution of digital entertainment experiences on the continent.  Through culturally relevant products, including games featuring local celebrities and adaptable payment systems for local currencies, Gara aims to facilitate greater reach and monetization of the creative and cultural industries on the continent.
  • HustleSasa (Kenya) provides live event services that support payment processing, attendee check-in, merchandise sales, customer data management, influencer tracking, and more.
  • Naemo Global (Nigeria) aims to revolutionize sports scouting on the African continent through its proprietary scouting software Afriskaut, which utilizes data analytics and AI.  The Afriskaut platform processes football match videos and extracts critical data, which it makes available to clients via a platform and application programming interface (API) to support scouting the next generation of elite talent.
  • Power to Girls Foundation (Ghana) provides a social connection and mentorship platform called My Power App dedicated to empowering and supporting girls and women ages 13-20.  The platform provides educational resources, connects users with mentors, offers a confidential helpline, and fosters a supportive community of like-minded girls, addressing critical growth areas such as education, mental health, and personal development.
  • Salubata (Nigeria) creates modular shoes repurposed from plastic waste.  With a global patent and two design rights for its innovation, the company aims to reduce the global carbon footprint through its environmentally friendly products.
  • UBR VR (Egypt) delivers state-of-the-art, fully immersive, in-person virtual reality (VR) experiences across Egypt.  Its rich historical and fantasy VR worlds are culturally relevant and localized, allowing players to roam freely in enclosed spaces and interact with each other in a designated play area.  These VR experiences are unparalleled in the country and foster a sense of connection to both the local community and fellow players.
  • Vambo Technologies (South Africa) provides a digital language technology platform that leverages AI to provide real-time translation, content creation, and language learning technology.  Not only does Vambo AI offer widely spoken languages such as Amharic, Yoruba, French and Portuguese, it also offers more niche languages spoken across Africa to facilitate true digital inclusion on the continent.

“We have been inspired by the level of talent and creativity from all of the applicants, and we congratulate the 10 deserving finalists who will showcase their innovative solutions at Demo Day later this month,” said NBA Africa CEO Clare Akamanzi.  “NBA Africa is committed to supporting the continued growth of startups on the continent, including the four prize-winners whose innovative solutions will further elevate the sport and creative industries in Africa for years to come.”

Operated by ALX Ventures, “Triple-Double: NBA Africa Startup Accelerator” was open to early-stage startups in Africa that develop solutions in event management and ticketing, youth development, AI, and digital marketing.  The initiative will support Africa's tech ecosystem and the next generation of African tech entrepreneurs by providing them with access to mentorship and capital that will help drive growth in the sports and creative industries.

The four prize-winning startups will be announced at Demo Day.

Video (http://apo-opa.co/4d2bY4w): Triple-Double: NBA Africa Startup Accelerator Reveals 10 Finalists for Demo Day

Distributed by APO Group on behalf of National Basketball Association (NBA).

Contact:
Pawel Weszka
NBA Africa Communications
pweszka@nba.com
+27 10 0072666

About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball.  NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya.  The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, NBA Stores, the BAL, and more. 

NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015.  The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that concluded its fourth season in June 2024.  Fans can follow @ NBA_Africa and @ theBAL on Facebook, Instagram, X and YouTube

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10 September 2024

Tinywow AI – How Does It Stack Up?

Location: MyPR

With the plethora of AI tools available – each of them promising to make your life easier, richer and more fun we at MyPR have to say that we are still on the fence as to which one is our favourite. Of course if you show us one that is for free that is the …

Read moreTinywow AI – How Does It Stack Up?
6 September 2024

Mpox no threat to Africa Aerospace and Defence Expo

Location: News

Mpox no threat to Africa Aerospace and Defence Expo

The highly anticipated Africa Aerospace and Defence (AAD) Expo and Air Show, which takes place from 18-22 September 2024, is under no threat from the mpox outbreak, according to the event organisers.

Mpox has seen a resurgence in South Africa in 2024 after no reported cases in 2023.

As of 18 August 2024, South Africa has recorded 24 cases, including three fatalities. 

The country has since logged 19 recoveries, and only two active cases are currently undergoing home isolation.

“While the numbers are low, the re-emergence of mpox underscores the importance of continued vigilance,” the statement read. 

The Department of Health, in collaboration with international organisations such as the World Health Organisation (WHO) and the Africa Centres for Disease Control and Prevention (Africa CDC), has taken robust measures to contain and manage the virus. 

These measures include enhanced testing, isolation protocols, and community engagement efforts to educate the public and reduce stigma. 

“Currently, there is no indication that the mpox virus will significantly impact or pose a direct threat to the upcoming AAD Expo. 

“The low number of active cases and the high recovery rate indicate that the situation is under control. We are closely monitoring developments to ensure the safety of all participants,” said AAD Exhibition Director, Nakedi Phasha. 

Organisers have since reassured expo visitors that there is no need to panic. 

“South African health authorities have effectively managed similar outbreaks in the past and continue to employ effective strategies, such as isolation, contact tracing, and appropriate medical treatment, to contain the virus. By following public health advice and maintaining awareness, the risk of a broader outbreak remains low.” 

Meanwhile, the organisers said they are committed to ensuring a safe and successful event for everyone involved. 

“The AAD Expo 2024 will proceed with all necessary precautions in place, and we are confident that, with your cooperation, we can enjoy a productive and memorable experience.”

According to the Department of Health, mpox presents with a range of symptoms that can vary in severity. 

The symptoms often appear within seven to 14 days after exposure but can take up to 21 days to manifest. 

“If you notice symptoms such as fever, headache, muscle aches, back pain, swollen lymph nodes, and especially the characteristic rash associated with mpox, it is crucial to isolate yourself immediately and seek medical attention for a proper diagnosis. Early isolation and treatment are key to preventing the spread of the virus and ensuring your health and safety.” 

The department has urged people who experience any of the mpox symptoms, with or without international travel history to present themselves to a health facility for clinical observation and confine themselves to one place until their test results are available.

Meanwhile, to address the mpox outbreak in Africa, the Africa Centres for Disease Control and Prevention (Africa CDC) has set up a 25-member incident management unit to support affected and at-risk countries. 
Africa CDC has signed a partnership agreement with the European Commission’s Health Emergency

Preparedness and Response Authority (HERA) and Bavarian Nordic to provide over 215 000 doses of the MVA-BN vaccine. 

Africa CDC will oversee the equitable distribution of these vaccines, prioritising local needs across the affected Member States. – SAnews.gov.za

Gabisile
Fri, 09/06/2024 - 14:37

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Read moreMpox no threat to Africa Aerospace and Defence Expo
4 September 2024

The Three Businessmen and the Gauteng Social Development Department’s Millions

Location: News

The department says the Hawks are investigating the sustainable livelihoods programme but will not provide details

Read moreThe Three Businessmen and the Gauteng Social Development Department’s Millions
4 September 2024

Government welcomes positive GDP growth

Location: News

Government welcomes positive GDP growth

Government has welcomed the country's positive economic growth, as reflected in the latest Gross Domestic Product (GDP) figures. 

According to data released by Statistics South Africa (Stats SA), the GDP increased by 0.4% in the second quarter of 2024, following a 0.0% growth in the first quarter. 

On expenditure, real GDP rose by 0.5% in the second quarter, an improvement from the 0.1% decrease in the first quarter of 2024. Household consumption emerged as the largest positive contributor to overall growth, demonstrating the renewed confidence and spending power of South African households. 

From a production perspective, the finance, real estate, and business services industry played a pivotal role, contributing 0.3% to the overall GDP growth. Other notable contributors include the manufacturing sector, trade, and the electricity, gas, and water supply industry, which saw a remarkable growth of 3.1%, driven by increased electricity generation and water distribution.

Acting Government spokesperson, Nomonde Mnukwa, said the second quarter's economic growth was a clear indication that South Africa’s economy is on a solid path to recovery. 

“The positive trajectory also speaks to the effectiveness of the measures that have been implemented to support recovery and growth. The absence of load shedding has played a crucial role in revitalising key sectors, particularly the electricity, gas, and water supply industry. 

“The government remains committed to implementing policies that will sustain and accelerate growth, ensuring that the benefits are felt by all South Africans,” Mnukwa said.  

Government further acknowledges that sectors such as agriculture, mining, and forestry and fishing are experiencing challenges, but work is being done to provide relief that will ultimately restore growth in these sectors. 

Mnukwa said government continues to support and foster an environment that encourages sustainable economic development. – SAnews.gov.za

DikelediM
Wed, 09/04/2024 - 11:14

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Read moreGovernment welcomes positive GDP growth
2 September 2024

China to assist SA in alleviating poverty 

Location: News

China to assist SA in alleviating poverty 

By Nosihle Shelembe

Beijing, China -  As part of ongoing efforts to improve the lives of South Africans, China has committed to assist the country in tackling poverty. 

This commitment was revealed in a joint statement by President Cyril Ramaphosa and Chinese President Xi Jinping on the occasion of President Ramaphosa’s State Visit to the People’s Republic of China.

“China is committed to sharing with South Africa its experience in poverty alleviation and rural revitalisation; in building poverty alleviation model villages and offering support for South Africa's coordinated urban and rural development,” the statement said on Monday. 

During the State Visit, the two countries recommitted to working together towards building a high-quality China-South Africa community, with a shared future. 

“To carry forward the friendship, consolidate mutual trust, expand cooperation and enhance coordination, the two Heads of State agreed to elevate the bilateral relationship to an All-round Strategic Cooperative Partnership in a New Era, underpinned by strong political ties and focused on a prosperous future with balanced trade, and accelerated transformative economic growth,” the statement said. 

Improving lives

China expressed its firm support of national unity and the path of economic and social development that South Africa has chosen. It also said it respects efforts by the South African government to safeguard its national interests to improve the lives of all South Africans. 

“The two sides agreed to work on strengthening cooperation and synergy between the Belt and Road Initiative and the Economic Reconstruction and Recovery Plan and to continue implementing the 10 Years Strategic Programme of Cooperation between the People’s Republic of China and the Republic of South Africa (2020-2029), as a blueprint towards more substantive outcomes on priority political and socio-economic issues between the two sides. 

“The two sides agreed to fully leverage the role of mechanisms such as the China-South Africa Joint Working Group (JWG) and the Joint Economic and Trade Committee (JETC) to further expand economic and trade ties by improving the current trade structure, increasing market access and the export of value-added goods from South Africa,” the statement said. 

Trade and investment

China is South Africa's largest trading partner globally, while South Africa is China’s number one trading partner in Africa. Total bilateral trade grew from R614 billion in 2022 to R692 billion in 2023. 

“The two sides encouraged the respective business communities to enhance new two-way investments and increase their manufacturing bases within the proximity of the relevant source of raw materials to enable the transfer of skills technology and job creation. 

“The two sides committed to providing a stable, fair and enabling business environment for companies from both sides and to ensure the safety and legitimate rights and interests of the relevant personnel, projects and institutions. 

“The two sides encouraged mutual visits by economic and trade delegations, including co-hosting the New Energy Investment Conferences with South Africa and holding the Jobs Fair of Chinese-invested Enterprises in South Africa to boost local employment and improve people’s lives,” the statement said.

READ | President calls for narrowing of SA, China trade deficit

Deepening cooperation 

The two sides agreed that promoting modernisation is the joint goal in building a high-level South Africa-China community, with a shared future. 

“The two sides will deepen cooperation in traditional fields such as agriculture, health, medical sciences and infrastructure development. However, they will further seize opportunities presented by the new scientific and technological revolution and industrial transformation, focusing on key areas such as the digital economy, new energies and artificial intelligence, boost cooperation on quality productive forces, and further expand mutually beneficial cooperation in renewable energy, energy storage and power transmission and distribution,” the statement said. 

The two sides further agreed to continue to strengthen exchanges and cooperation in the areas of culture, women, health, youth, education, sport, media, tourism and other people-to-people cooperation fields. 

As part of the State Visit, the two Presidents jointly witnessed the signing of several bilateral cooperation instruments in the following areas: 

   • Cooperation of the Application of BeiDou Navigation Satellite System;
   • Sustainable Housing and Human Settlements Development; 
   • Deepening Bilateral Trade Cooperation; 
   • Cultural Heritage; 
   • Cooperation in Prevention and Control of Foot-and-Mouth Disease; 
   • Inspection, Quarantine and Sanitary Requirements for Dairy Products Exported from the Republic of South Africa to the People’s Republic of China; and the Protocol on Greasy Wool. -SAnews.gov.za
 

nosihle
Mon, 09/02/2024 - 14:41

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Read moreChina to assist SA in alleviating poverty 
1 September 2024

Best Padel Rackets for Beginners

Location: MyPR

Introduction Padel is swiftly becoming a favourite sport worldwide, thanks to its engaging play and sociable nature. For beginners, the journey starts with selecting the right equipment, particularly the racket, which is crucial for both learning and enjoyment. This blog post will guide newcomers through the essentials of choosing a beginner-friendly padel racket, helping them …

Read moreBest Padel Rackets for Beginners
1 September 2024

Deputy President commends BRICS New Development Bank for pledges

Location: News

Deputy President commends BRICS New Development Bank for pledges

Deputy President Paul Mashatile has expressed his gratitude to the BRICS New Development Bank for its backing of South African infrastructure investment.

“I want to express my gratitude once again for the bank's pledge, and specifically for the promises made regarding the bank's assistance for South African infrastructure investment. In this regard, we take note of the US$5.6 billion in loans extended to our country over the last eight years,” the Deputy President said.

He was addressing the Energy Seminar convened by the BRICS New Development Bank at the Cape Town International Convention Centre on Saturday.

The NDB has approved $2.3 billion for 10 renewable energy projects, including solar PV, wind, hydropower, biomass, and hybrid systems with storage. These projects aim to install a 2.8GW generation capacity, reducing over 4 million tonnes of CO2 emissions annually.

“We also appreciate the bank's plans to assist Transnet in resolving the deficiencies in freight rail infrastructure. The Transnet project in particular is of utmost importance in guaranteeing a goods system that is internationally competitive, allowing for the continuous expansion and diversification of the country's economy,” Mashatile said.

He highlighted that during their discussions they had agreed that a challenge was the sluggish payment of authorised projects in South Africa. He discussed the matter with the Minister of Finance Enoch Godongwana and his team at National Treasury, who have promised to attend to it.

“We are also impressed that the bank has appointed former National Treasury official Mr Monale Ratsoma as its Chief Financial Officer and Vice-President. We will work with you to ensure that the pledge that the bank made of US$3 billion at the BRICS Summit comes to reality because it is focused on supporting our energy strategy,” he said.

Deputy President Mahsatile told the NDP President that the government is especially eager to learn from China's experience in rapidly scaling up renewable energy capacity and modernising its grid infrastructure; India's successes in promoting rural electrification and integrating large-scale renewable energy projects; Brazil's expertise in hydroelectric power and bioenergy and Russia's strategies for managing a vast transmission network and its progress in nuclear energy.

“We hope to gain insights into effective models for private sector participation in transmission infrastructure development; strategies for balancing grid stability with the integration of variable renewable energy sources; innovative financing mechanisms for large-scale energy projects and best practices in managing the socio-economic aspects of energy transitions.

“Specifically, one of the lessons we are learning from one of the BRICS Member Nations is that they have invested in the creation of new cities as a method to eradicate poverty. We are of the same opinion that it is imperative to allocate resources towards the construction of new cities in Africa in order to alter the spatial perspective of our cities,” he said.

“As we collaborate with the NDB, we will invest in new cities in response to today's realities, which are growing urbanisation, migration, climate change, poverty, unemployment, and pandemic management. The future is in the cities.”

The Deputy President told delegates that if South Africa accelerates the construction of these cities, it will address the large influx of people from rural areas moving to urban areas, which has put tremendous strain on cities, causing traffic congestion, housing infrastructure backlogs, and, to some extent, an increase in crime rates.

“However, as we develop these cities, we must remember that sustainable cities require dependable, inexpensive, and renewable energy to operate. High-energy consumption patterns, rising energy costs, and environmental deterioration caused by the use of fossil fuels render cities vulnerable and inefficient,” he said.

The Deputy President presented some of the key initiatives and reforms government has undertaken. 
He spoke about the process of unbundling Eskom into three separate entities: generation, transmission, and distribution. This separation will enhance efficiency, improve accountability, and open up the sector to much-needed competition and investment.

“We have also implemented a debt relief programme for Eskom, allocating R254 billion over the next three years. This financial support is crucial for Eskom's operational stability and will enable the utility to invest in critical maintenance and upgrades of existing infrastructure,” he said.

The country is expanding generation capacity where several steps have been taken already. 

“To this end, we are implementing an ambitious transmission expansion plan, including piloting Independent Power Transmission (IPT) projects and streamlining regulations to accelerate the development of transmission infrastructure.

“This initiative aims to unlock renewable energy potential in the Northern, Eastern, and Western Cape provinces. The aim is to connect new generation capacity to the grid.

“As we pursue these reforms, we remain steadfast in our commitment to a just energy transition. We have, however, decided not to transition into the dark. We are a coal-endowed country,” he said.

The Deputy President said the reforms and initiatives were just the beginning as the country is open to learning, adapting, and collaborating. – SAnews.gov.za
 

DikelediM
Sun, 09/01/2024 - 11:40

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Read moreDeputy President commends BRICS New Development Bank for pledges
29 August 2024

Season Two of NBA Africa’s “Born & Bred” Original Content Series Featuring Raptors’ Ulrich Chomche and Jazz’s Babacar Sané Premieres on the NBA App

Location: Sport

Second Season Tells the Stories of Five Current and Former NBA Academy Africa (www.NBA.com) Prospects from Cameroon, Central African Republic, Egypt and Senegal; All Five Episodes Will Be Available on the NBA App with One Episode Releasing Weekly Throughout September. 

NBA Africa announced the return of its first original documentary series “Born & Bred” which will premiere its second season on the NBA App today.  The docuseries returns with five episodes telling the stories of current and former NBA Academy Africa student athletes from Cameroon, Central African Republic, Egypt and Senegal as they pursue their basketball dreams at the academy and beyond. 

Season two of “Born & Bred” features the first NBA Academy Africa prospect drafted to the NBA Ulrich Chomche (Toronto Raptors; Cameroon), former NBA G League Ignite players Babacar Sané (Utah Jazz; Senegal) and Thierry Darlan (Central African Republic), and current NBA Academy Africa prospects Ali Assran (Egypt) and Modou Fall Thiam (Senegal). 

Chomche became the first prospect from one of the three NBA Academies around the world to be drafted directly to the NBA when he was selected 57th overall by the Memphis Grizzlies and traded to the Toronto Raptors in the 2024 NBA Draft.  During his time at NBA Academy Africa, he was named the Defensive Most Valuable Player (MVP) at the 2022 Basketball Without Borders (BWB) Africa camp and participated in the Basketball Africa League's (BAL) Elevate program, representing Rwanda Energy Group Basketball Club (REG BBC) in 2023 and Cameroon's Forces Armées et Police in 2022. 

The first episode, “Small Village. Big Dreams”, features Chomche and is available to watch today on the NBA App.  All five episodes will be available to stream on the NBA App, with one episode releasing each week throughout September.

Descriptions of each season two “Born & Bred” episode are included below:

  • Episode 1 (Aug. 29): “Small Village. Big Dreams” features Ulrich Chomche, an 18-year-old forward from Bafang, Cameroon, who is set to make his NBA debut later this year during the 2024-25 NBA season.  Chomche joined NBA Academy Africa in 2019.  He represented Team World at the 2024 Nike Hoop Summit in Portland, Oregon in April, before declaring for the 2024 NBA Draft.  He became the seventh Cameroonian to be drafted, joining Ruben Boumtje-Boumtje (NBA Draft 2001), Luc Mbah a Moute (NBA Draft 2008), seven-time NBA All-Star and 2022-23 Kia NBA MVP Joel Embiid (NBA Draft 2014), two-time NBA All-Star Pascal Siakam (NBA Draft 2016), Christian Koloko (NBA Draft 2022) and Yves Missi (NBA Draft 2024).

  • Episode 2 (Sept. 5): “Birth of Young Ossoko” features Babacar Sané, a 20-year-old forward from Ziguinchor, Senegal.  Following his breakthrough performances during the BAL's second season, he spent two years with NBA G League Ignite, before going undrafted in the 2024 NBA Draft and signing with the Jazz earlier this month.  

  • Episode 3 (Sept. 12): “Breaking Ground” features Ali Assran, a 17-year-old forward from Cairo, Egypt.  Assran represented the U17 Egyptian national team at the 2024 FIBA Basketball World Cup and joined the NBA Academy Africa in 2023.  The episode follows him as he continues to discover his passion for basketball while channeling his struggles into determination and finding solace on the court.

  • Episode 4 (Sept. 19): “The Quiet Leader” features Modou Fall Thiam, a 19-year-old from Senegal who joined NBA Academy Africa in 2023.  Hailing from Yeumbeul, the athletic dunker faced an early injury which saw the young point guard sidelined in his second year at the academy.  Thiam details his journey of playing in several international tournaments, participating in the BAL's third season as a BAL Elevate member of Nigeria's Kwara Falcons, and the adversity of dealing with an injury as a young athlete.

  • Episode 5 (Sept. 26): “Against All Odds” features Thierry Darlan, who as a 20-year-old guard from Bangui, Central African Republic became the sixth NBA Academy graduate and third from the NBA Academy Africa to sign with NBA G League Ignite.  Named the MVP of the 2022 BWB Africa camp in Egypt, Darlan also led the academy team to a championship at the NBA Academy Games in Atlanta, Georgia the same year.  Following his BAL debut with Angola's Petro de Luanda in 2022 as part of the BAL Elevate program, Darlan returned to the BAL in 2024, making his professional debut during the Nile Conference for Central African Republic's Bangui Sporting Club.  

“Born & Bred” season one (https://apo-opa.co/4e2kQbl) premiered on the NBA App last November, featuring current and former NBA Academy Africa prospects Nigeria's Rueben Chinyelu, Egypt's Seifeldin Hendawy, South Sudan's Khaman Maluach, Senegal's Khadim Rassoul Mboup, and Angola's Aginaldo Neto, spotlighting each prospect's basketball journey, including the communities where they were raised and the moments that have shaped them as players and young men. 

NBA Academy Africa is an elite basketball training center in Saly, Senegal for the top high-school-age prospects from across Africa and the first of its kind on the continent.  Since its launch in 2017, more than 40 male and female participants have committed to NCAA Division I schools in the U.S. or signed professional contracts.

The NBA App is free to download here (https://apo-opa.co/3T9WrZA).

Distributed by APO Group on behalf of National Basketball Association (NBA).

Contact:
Chumani Bambani
NBA Africa Communications
cbambani@nba.com
+27 65 548 1031

About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball.  NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya. The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, NBA Stores, the BAL, and more. 

NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015.  The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that concluded its fourth season in June 2024.  Fans can follow @ NBA_Africa and @ theBAL on Facebook, Instagram, X and YouTube.

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Read moreSeason Two of NBA Africa’s “Born & Bred” Original Content Series Featuring Raptors’ Ulrich Chomche and Jazz’s Babacar Sané Premieres on the NBA App
28 August 2024

RS South Africa Showcases Pulp and Paper Solutions at Mte Ngodwana

Location: MyPR

RS South Africa, a trading brand of RS Group plc (LSE: RS1), a global provider of product and service solutions, will be exhibiting at MTE Ngodwana 2024 in Mpumalanga on 22 August. RS provides industrial products and service solutions for the pulp and paper industry that allow customers to focus on designing, building, maintaining, repairing, …

Read moreRS South Africa Showcases Pulp and Paper Solutions at Mte Ngodwana
27 August 2024

What Is a Managed Service Provider?

Location: MyPR

SevenC, a top managed service provider in South Africa, delves into the critical responsibilities and roles of MSPs in the region, highlighting their importance in optimising IT solutions for diverse businesses. Imagine a world where your business operations run smoothly, your IT systems are always up-to-date, and technical hiccups are a thing of the past. …

Read moreWhat Is a Managed Service Provider?
26 August 2024

The Importance of Creating a Will: Ensuring Your Legacy

Location: MyPR

A Last Will and Testament is one of the most important documents you can create in your lifetime. It ensures that your wishes are carried out after you pass away, providing clarity and peace of mind to your loved ones. Despite its importance, many people delay the process of drafting a will, often due to …

Read moreThe Importance of Creating a Will: Ensuring Your Legacy
26 August 2024

Interventions to make housing affordable

Location: News

Interventions to make housing affordable

Human Settlements Minister, Mmamoloko Kubayi, says the department is forging ahead to implement several interventions to redress the unaffordability of houses for the missing middle.

Announcing government plans and developments in the human settlements sector at a media briefing held in Pretoria on Monday, Kubayi said the department has recognised that the gap market or missing middle continues to face challenges in accessing adequate affordable housing.

“These are the households earning between R3 501 and R22 000 per month, who neither qualify for mortgage finance nor fully subsidised houses,” Kubayi said.

WATCH | Minister Kubayi briefs media 

Kubayi said the interventions include First Home Finance, social housing and the Rapid Land Release Programme to encourage people to build for themselves.

Government will also develop a policy to encourage employers to provide housing to their employees and housing access for government employees through the Government Employees Housing Scheme. Government will also strengthen partnerships with stakeholders to collaboratively deliver housing solutions.

Progress 

The Minister highlighted that since April 2023, First Home Finance (FHF) has been providing grants for non-mortgage products, and the National Housing Finance Corporation (NHFC) has seen a significant increase in applications from individuals who want government assistance to buy their first properties through FHF.

“Since April 2024, the NHFC has approved about 1 151 of the non-mortgage subsidies at a value close to R160 million. The majority of these are from KwaZulu-Natal (283), Gauteng (160) and Limpopo (263),” Kubayi said.

Kubayi added that the NHFC action plan has identified potential partners who can partner with the corporation as subsidy origination and distribution channels to support the non-mortgage housing programme. This has also been warmly welcomed by traditional authorities, mainly in the Free State, Limpopo, and KwaZulu-Natal.
She said the department will soon launch its first rural First Home Finance housing project at Inanda, north of Durban, KwaZulu-Natal.

Partnerships

“Over the next five years, the NHFC will also intensify its working relationships with traditional leaders to increase the delivery of affordable housing in rural areas. Another category of partners in the action plan is of building merchants and employers keen on assisting their employees to access adequate housing.

“The recently unveiled strategic partnership between the NHFC with Cashbuild and Capitec for the Zakhelikhaya initiative is a great step towards strengthening partnerships with this category. Cashbuild formulated this programme so that its staff and clients could build their own homes using the First Home Finance grant and a purpose loan from Capitec,” Kubayi highlighted.

By partnering with NHFC, the minister said the programme has been widened to include the broader Cashbuild clientele that qualifies for the subsidy.

She explained that the NHFC and Cashbuild will collaborate in assisting Zakhelikhaya customers to apply for and access First Home Finance subsidies.

“Capitec has partnered with Cashbuild to provide purpose loans to the Zakhelikhaya Project, meaning that the grant will get to its intended beneficiaries a lot quicker than has been the case with just the mortgage products.
“The partnership will also facilitate payment of subsidies to assist Zakhelikhaya clients to buy material and be assisted to build their homes.”

Transfer of old government property

The Minister and Members of the Executive Council (MINMEC) responsible for Human Settlements took a decision earlier this year, to have the old government housing stock to be given back to municipalities or to the people who have been staying there for a long time, by 31 March 2025.

Kubayi said people who have been occupying these houses for more than 20 years will be given the preference to take ownership.

She said all provinces have commenced their work to ensure that they meet the deadline of 31 March 2025.

“All provinces have met municipalities to agree on the transfer of properties to beneficiaries and devolution of vacant land to municipalities. Provinces will continue to engage individual beneficiaries to conclude transfer processes, and we will be monitoring the progress,” Kubayi said.

Once completed,  the transfer will economically empower beneficiaries who mostly fall within the gap market. – SAnews.gov.za
 

GabiK
Mon, 08/26/2024 - 15:02

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Read moreInterventions to make housing affordable
26 August 2024

Municipalities must be at “driving seat” of clean energy

Location: News

Municipalities must be at "driving seat" of clean energy

Municipalities are at the centre of government’s efforts to move towards clean energy and fulfil the country’s commitment to global climate change.

This is according to President Cyril Ramaphosa, who was addressing the opening ceremony of the Municipal Just Energy Transition (JET) Conference held in Johannesburg on Monday.

The President highlighted that South Africa’s 257 metropolitan, district and local municipalities “own and operate approximately half of South Africa’s electricity distribution grid and facilitate universal access to electricity”.

“One hundred and sixty five municipalities are electricity service providers. Through the Integrated National Electrification Programme grant, municipalities are responsible for addressing the electrification backlog. 

“Municipalities therefore need to be in the driving seat when it comes to providing clean, affordable energy to communities, businesses and industry,” the President highlighted.

WATCH | 

 

In this regard, South Africa’s Cabinet approved the JET Investment Plan, which has a dedicated municipal portfolio roadmap with three areas of focus.

These are:

  • Providing access to affordable clean electricity;
  • Sustainable financing for electricity infrastructure, and
  • Strengthening the capacity of municipalities to manage the transition.

On the first area of focus, the President said the recent promulgation of the Electricity Regulation Amendment “paves the way for a new, competitive electricity market.

“The reforms contained in the law must help to speed up decarbonisation. But more than that, they must result in a better deal for households and businesses. 

“The national climate change effort must not come at a higher cost for electricity users. South African households, like many around the world, are battling with the rising cost of living, including the cost of energy. 

“We must therefore ensure that the energy transition does not contribute to energy poverty. It must not deepen inequality,” President Ramaphosa insisted.

In terms of sustainable financing for electricity infrastructure, he said municipal grid system needs to be upgraded, modernised and extended.

“The energy generation of the future requires systems that are fundamentally different in terms of design, capability and operation.

“Smart metering will have to accommodate the increased penetration of renewable energy at different scales. It will need to facilitate wheeling and feed-in by small-scale embedded generation. 

“Massive investment is needed to ensure optimal grid control, safety and energy storage. This investment will need to draw on both public and private sources of capital,” he said.

Turning to how the capacity of municipalities can be strengthened, President Ramaphosa said extensive training and upskilling of officials will be the order of the day.

“New systems will be required to identify human resource, technical capacity and other needs within municipalities, and plan and budget accordingly. 

“Municipalities will need to adopt best practice when it comes to the design and implementation of programmes and projects,” he said.

The President told conference delegates that the country’s drive towards a lower carbon intensive economy does not only reside with government.

“A just energy transition is about promoting economic diversification, transformation and industrialisation in the renewable energy sector that empowers workers, marginalised communities and black businesses.

“The achievement of defined just energy transition outcomes at a municipal level requires supportive policies and leadership, good governance and a coordinated effort among all relevant institutions.

“As government, business, labour and civil society, let us deepen our collaboration to achieve an energy future that is secure and sustainable for all,” President Ramaphosa said. 

READ | SA committed to meeting climate change undertakings

– SAnews.gov.za

NeoB
Mon, 08/26/2024 - 11:13

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Read moreMunicipalities must be at “driving seat” of clean energy
23 August 2024

Eskom launches pilot electric vehicle charging infrastructure in Midrand

Location: News

Eskom launches pilot electric vehicle charging infrastructure in Midrand

Eskom has officially launched its electric vehicle (EV) charging infrastructure at the Eskom Academy of Learning (EAL) in Midrand, Gauteng. 

“This milestone marks a significant step in Eskom Distribution’s commitment to supporting the growth of the eMobility sector in South Africa and contributing to the country’s broader goals of reducing carbon emissions,” the state-owned power utility said. 

According to Eskom, the pilot project includes the procurement of 20 EVs ranging from light delivery vehicles to light trucks for operational use. 

The pilot project also involves the installation of 10 charging stations at five Eskom sites across the country. 

The other sites are Brackenfell in Cape Town, Mkondeni in Pietermaritzburg, Tlhabane Customer Network Centre (CNC) in Rustenburg and Marathon CNC in Mbombela. 

These sites will serve as the foundation for Eskom Distribution’s long-term strategy to electrify its entire fleet by 2040.

“We continue to focus on our long-term strategy to deliver a competitive, sustainable, and future-proof Eskom to ensure energy security, growth, and long-term sustainability for the benefit of South Africa and sub-Saharan Africa,” said General Manager in the Office of the Eskom Group Executive for Distribution, Gabriel Kgabo. 

By investing in eMobility and the charging infrastructure needed for EVs, Kgabo said Eskom was not only reducing its carbon footprint but also stimulating the local economy and creating new growth opportunities. 
Kgabo highlighted Eskom’s support of the government to align South Africa with the global EV ecosystem market. 

Key initiatives include the EV White Paper released by the Department of Trade Industry and Competition in December 2023 and the incentives announced by the National Treasury to encourage the local production of EVs from 2026.

Pilot Project Overview

The recently installed charging stations, in collaboration with Gridcars, feature state-of-the-art direct current fast chargers (60kW) and dual alternating current (AC) chargers (22kW). They are optimised for overnight charging of fleet vehicles and daytime workplace charging for employees and visitors.

The power utility believes this initiative will serve as a blueprint for the future rollout of EVs across Eskom’s entire fleet. 

“It is one of the levers that will steer the organisation towards net zero carbon emissions by 2050 and will also contribute to stimulating the local EV market.

“The successful launch of this infrastructure is a result of the dedicated efforts of the project team within Eskom. Their work is laying the groundwork for a future where electric vehicles play a central role in South Africa’s transportation landscape.” – SAnews.gov.za 

Gabisile
Fri, 08/23/2024 - 10:00

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Read moreEskom launches pilot electric vehicle charging infrastructure in Midrand
21 August 2024

Eskom removes illegally connected transformers in Gauteng

Location: News

Eskom removes illegally connected transformers in Gauteng

Eskom, in collaboration with various law enforcement agencies, has removed over 35 illegally connected transformers in Gauteng’s Diepsloot Extension 6.

“This joint operation is part of Eskom’s ongoing efforts to reclaim its network and alleviate the strain caused by unauthorised and illegal electricity connections,” the State-owned power utility said of Tuesday’s removal.

In the 2022/23 financial year, Eskom said it suffered non-technical losses of around R5 billion due to illegal connections, meter bypasses, and other electricity-related criminal activities within its supply area.

The utility has lamented that these unauthorised practices undermine its financial health and its ability to provide a reliable electricity supply to lawful customers.

Meanwhile, according to Eskom, illegally connected transformers not only destabilise the network, causing frequent supply interruptions, extended outages and substandard service for paying customers, but it also poses significant safety risks to their technicians working on the system.

Eskom’s Group Executive for Distribution, Monde Bala, expressed deep appreciation for the collaboration with the South African Police Service (SAPS), Joburg Metropolitan Police Department (JMPD), Red Ants, Eskom Protective Services, and the private security companies in ensuring the success of this operation.

“These efforts are crucial in safeguarding Eskom’s assets, ensuring public safety, and mitigating the severe energy losses caused by illegal connections, meter bypasses, and acts of theft and vandalism,” Bala added.

While most employees are dedicated and committed to delivering their daily job outputs and striving to enhance Eskom’s performance, the organisation stated that it maintains a clear stance of zero tolerance towards crime and corruption. 

“Consequently, we are currently investigating allegations from community leaders that some Eskom employees are allegedly involved in the sale of illegal transformers. We will update community leaders on the outcomes of these investigations once they are concluded.” 

Eskom has since called on all communities to refrain from engaging in any illegal activities related to electricity. 
Members of the public are encouraged to report illegal connections, meter bypasses, and any suspicious activities to the Eskom Crime Line at 0800 11 27 22 or via WhatsApp at 081 333 3323. 

Additionally, anyone with information regarding the involvement of Eskom employees in illegal activities is urged to report anonymously for further investigation. – SAnews.gov.za

Gabisile
Wed, 08/21/2024 - 10:44

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Read moreEskom removes illegally connected transformers in Gauteng
21 August 2024

Pensioners Dropped From Community Works Programme

Location: News

Department of Co-operative Governance wants to end “double-dipping”

Read morePensioners Dropped From Community Works Programme
20 August 2024

Jaey Price releases a new single titled ‘Most’

Location: Entertainment, MyPR

Durban rapper Jaey Price has released a new song in 2024, it is his first single this year. The new track was released via new distribution deal with Music Access, Inc platform. The deal is confirmed and the new single is now available online. Jaey Price recently released a new EP album #noproblemz in April. …

Read moreJaey Price releases a new single titled ‘Most’
20 August 2024

Households left without electricity as Eskom implements load reduction

Location: News

Power utility says this is necessary to protect transformers overloaded by illegal connections

Read moreHouseholds left without electricity as Eskom implements load reduction
19 August 2024

Stanbic Bank, NBA Africa and Luol Deng Foundation Celebrate First Jr. NBA/Jr. Women’s National Basketball Association (WNBA) Finals in South Sudan

Location: Sport
National Basketball Association (NBA)

Stanbic Bank in South Sudan, NBA Africa (www.NBA.com) and the Luol Deng Foundation today hosted the first edition of the Stanbic Jr. NBA/Jr. WNBA Finals, which took place at the Nimra Talata Basketball Stadium in Juba, South Sudan.  Juba One 76ers were crowned the inaugural season's champions, with Khalid Jibrin named the finals' Most Valuable Player.

Notable attendees included Stanbic Bank South Sudan Head of Business Fred Ouko, Luol Deng Foundation Founder and two-time NBA All-Star Luol Deng, Luol Deng Foundation CEO Arek Deng, 1995 NBA All-Star and 1992 Slam Dunk champion Cedric Ceballos, Basketball Africa League President Amadou Gallo Fall, and South Sudan national team members Wenyen Gabriel, Kuany Kuany and Nuni Omot.  The event builds on Stanbic Bank and NBA Africa's multiyear collaboration, which launched in 2022 and featured the unveiling of a new outdoor basketball court at St. Mark's Orthodox School in Juba last December.

“The remarkable performance of the South Sudan national basketball team at the Paris Olympics highlighted the tremendous sporting talent within South Sudan,” said Stanbic Bank Chief Executive for Kenya and South Sudan Dr. Joshua Oigara.  “Through our collaboration with NBA Africa and the Luol Deng Foundation, we are supporting the country to build on this potential and remain committed to driving South Sudan's growth through meaningful collaborations and initiatives.”

“The success of the first Jr. NBA/Jr. WNBA league season in Juba speaks to the great passion for the game of basketball in South Sudan and its impact on local communities,” said NBA Africa CEO Clare Akamanzi.  “The South Sudan national team's performance on a global stage in recent months demonstrated how much the sport is growing in the country and we look forward to further collaborating with Stanbic Bank and the Luol Deng Foundation to make the game even more accessible for young people here.”

“I knew South Sudanese children had what it takes when the stage is set right for their learning, so I was not surprised about the talent,” said Deng.  “What impressed me the most is the improvement in coaching and seeing how each school showed up to support players.  The joy, the competitive, but yet peaceful spirit that the spectating students showed was so amazing to see.” 

“This is my first visit to South Sudan, and it was incredible to see all the excitement on the court this afternoon,” said Ceballos.  “I have seen firsthand the impact basketball can make on young people's lives and continuing to build on such platforms for boys and girls to play the game will be paramount to their success on the court, and in life.”

The Jr. NBA/Jr. WNBA is the league's global youth basketball program for boys and girls that teaches the fundamental skills and core values of the game – teamwork, respect, determination and community – at the grassroots level in an effort to help grow and improve the youth basketball experience for players, coaches and parents.  The Jr. NBA/Jr. WNBA program has been launched in 19 African countries, reaching more than 170,000 youth from across the continent last year.

Distributed by APO Group on behalf of National Basketball Association (NBA).

Contacts:
Rachel Nderitu
Stanbic Bank
NderituR@stanbic.com
+254723710540

Pawel Weszka
NBA Africa
pweszka@nba.com
+27 10 007 2666

About Stanbic Bank:
Stanbic Bank is a member of the Standard Bank Group, Africa's largest bank by assets.  Stanbic Bank is licensed and regulated by the Bank of South Sudan and has provided banking services in South Sudan since 2004, before the signing of the Comprehensive Peace Agreement (CPA) in 2005.  The bank provides corporate, business and personal banking services to the key sectors that drive the South Sudan economy, including Oil & Gas, Power & Infrastructure, Humanitarian & Development Assistance, Government, Telecommunications and Insurance.  

About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball.  NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya.  The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, NBA Stores, the BAL, and more. 

NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015.  The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that concluded its fourth season in June 2024.  Fans can follow @ NBA_Africa and @ theBAL on Facebook, Instagram, X and YouTube.

About Luol Deng Foundation:
The Luol Deng Foundation (LDF) was established in 2005 to empower youth to realize their limitless potential through sport and development.  LDF creates pathways to opportunity through sport, education, wellness, and equality.  Over the years, LDF has grown beyond basketball and expanded its reach into areas of education, wellness, and equality for young South Sudanese.  We believe youth are the key to transforming our country and our world.

For more information visit www.LuolDeng.org, follow @ ldengf on Facebook, Instagram, Twitter and YouTube.

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18 August 2024

Immersive Home Entertainment from Surround Sound to 4K Projection

Location: Entertainment, MyPR

Creating an immersive home theatre experience is more accessible than ever with advancements in audio and visual technology. Integrating a surround sound system, 4K projector, and loudspeakers, including wireless speakers, can elevate your home entertainment setup.   Surround Sound Systems: Bringing Cinema to Your Living Room A surround sound system is the backbone of any …

Read moreImmersive Home Entertainment from Surround Sound to 4K Projection
18 August 2024

President Ramaphosa raises concern over rise of Mpox in AU region

Location: News

President Ramaphosa raises concern over rise of Mpox in AU region

President Cyril Ramaphosa  has expressed deep concern about the rapid spread of Mpox across the African Union (AU) region, as both cases and deaths continue to surge, reflecting a concerning shift in the epidemiological pattern.

The President was speaking in his role as the AU Champion on Pandemic Prevention, Preparedness, and Response (PPPR) regarding the Mpox outbreak.

“In my role as the AU Champion on PPPR, I have been closely monitoring the evolving Mpox situation, regularly briefed by the Director-General of Africa CDC and PPPR Commission,” he said in a statement on Saturday.

Since the start of 2024, he said 17 541 cases (2 822 confirmed and 14 719 suspected) and 517 deaths due to Mpox have been reported across 13 AU Member States. 

This week, three additional countries notified cases under investigation for confirmation, which brings the total to 16 countries. 

“Alarmingly, the number of reported cases in 2024 has surged by 160% compared to the same period in 2023.” 

Strengthening the response to Mpox

He said that he fully backs the Director-General of the Africa Centres for Disease Control and Prevention’s (Africa CDC) declaration of Mpox as a Public Health Emergency of Continental Security. 

“This crucial decision empowers Africa CDC to lead and coordinate our collective response efforts, strengthening the Mpox response at every level – from community engagement to collaboration with the highest political authorities and our international partners.” 

He believes that the declaration will also galvanise political leadership and engagement among AU Heads of State and Government, facilitating the rapid mobilisation of essential financial and technical resources. 

The President also commended the Permanent Representatives Committee for their decisive action in releasing US$ 10.4 million from the COVID-19 Fund to support the Mpox outbreak response. 

“I urge the AU policy organs to expedite the finalisation of the framework for operationalising the African Epidemic Fund, as approved by the Heads of State during the 2023 AU Assembly, by the end of August 2024.” 

The President has since called the AU Member States to increase domestic resource allocation, lead their national Mpox outbreak responses and enhance their capacities. 

These capabilities include building capacity, risk communication, community engagement, case detection, contact tracing, and cross-border surveillance. 

Public Health Emergency of International Concern

He also welcomed the World Health Organisation’s (WHO) declaration of Mpox as a Public Health Emergency of International Concern (PHEIC). 

READ | WHO declares mpox outbreaks in Africa a global health emergency

The WHO said the upsurge of Mpox in the Democratic Republic of the Congo (DRC) and a growing number of countries constitute a PHEIC under the International Health Regulations (IHR).

However, the President said this PHEIC “must be different and correct the unfair treatment from the previous one declared in 2022, where vaccines and therapeutics were developed and made available primarily to Western countries, with little support extended to Africa”.

President Ramaphosa has since called upon WHO and all partners to collaborate closely with Africa CDC to ensure that this PHEIC unlocks appropriate support from the international community, guaranteeing equitable access to medical countermeasures, including diagnostics, therapeutics, and vaccines. 

He also urged the international community, partners, and organisations to mobilise stockpiles of vaccines and other medical countermeasures for deployment in Africa, utilising the mechanisms established by Africa CDC to ensure equitable distribution, transparency, and coordination.

The President said Africa requires robust support in funding, research, and the sharing of technologies, with financial contributions directed to the Africa Epidemic Fund under the leadership of Africa CDC. 

Pandemic Agreement 

“This is also an opportunity to call on the international community to finalise a fair and equitable Pandemic Agreement – a duty that must be pursued with urgency and a spirit of equity. 

“By fostering global partnerships, we can accelerate Africa’s response and ensure that all nations, regardless of economic status, have fair access to the resources needed to protect their populations.”

As the AU Champion, he vowed to work closely with his esteemed colleagues to ensure adequate political support and fundraising for the continental response to mpox and to prevent a regional and global pandemic. – SAnews.gov.za

Gabisile
Sun, 08/18/2024 - 11:38

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Read morePresident Ramaphosa raises concern over rise of Mpox in AU region
18 August 2024

Revv Network TV Launches: A Game-Changer for Indie Creators

Location: Entertainment, MyPR

Onalenna E Marumoloa, the visionary Founder of JSM Media Group announced the launch of Revv Network TV, a groundbreaking video platform under Revv Network SA. Set to go live in August 2024, this platform will be accessible at tv.revvnetwork.co.za, offering a fresh space for indie and upcoming film and content producers to showcase and monetize …

Read moreRevv Network TV Launches: A Game-Changer for Indie Creators
17 August 2024

President Ramaphosa signs Electricity Regulation Amendment Act into law

Location: News

President Ramaphosa signs Electricity Regulation Amendment Act into law

President Cyril Ramaphosa has signed into law the Electricity Regulation Amendment Act which sets out far-reaching reforms of the country’s electricity sector, including the establishment of a competitive electricity market.

In a statement on Friday, the Presidency said the bill assented to by the President amends the Electricity Regulation Act of 2006. This is so as to respond to current realities in the electricity sector. 

It also opens up pathways to greater competition and reduced energy costs; increases investment in new generation capacity to achieve energy security; establishes an independent transmission company as the custodian of the national grid; and imposes severe penalties for damage to and sabotage of infrastructure.

The Electricity Regulation Amendment Act provides for the establishment, duties, powers and functions of the Transmission System Operator SOC Ltd (TSO) – which must be established as an independent entity within five years – and for the National Transmission Company of South Africa to act as the TSO in the interim. 

It also provides for an open market platform that allows for competitive, wholesale or retail buying and selling of electricity.

The Act provides for market operation as a new activity that may be licensed by the National Energy Regulator of South Africa (NERSA). 

In addition, it requires the development of a Market Code that will establish rules to govern the future competitive market and outlines the process through which the code will be approved.

The Act further clarifies the principles that apply to the setting or approval of prices, charges and tariffs, providing, among others, that NERSA must enable an efficient licensee to recover the full cost of the licensed activity, must allow for a reasonable return proportionate to the risk of the licensed activity, and may provide for incentives for continued improvement of technical and economic efficiency.

As it does so, the regulator may consider factors such as security of supply, the diversity of supply and the promotion of renewable energy.

In addition, the Act distinguishes between tariffs that must be set or approved by the regulator, such as network charges, and those which are subject to a direct supply agreement or arise as an outcome of a competitive market.

“To ensure a level playing field for competition between multiple electricity generators, the Act provides that the system operator shall not discriminate between different generators or customers in relation to dispatching or balancing the system, except for objectively justifiable and identifiable reasons approved by the regulator. 

“Access to the transmission and distribution power system must be objective, transparent and non-discriminatory,” said the Presidency.

These changes are in line with the broader reforms guided by the Energy Action Plan and the Eskom Roadmap, which aim to modernise and transform South Africa’s electricity system to end load shedding and ensure long-term energy security.

It is anticipated that diversity of supply and the promotion of renewables will stimulate a demand for new skills, innovation and technology in the electricity sector, which will generate new industrial activity and in turn mitigate unemployment.

Reinforcing the protection of public infrastructure as part of the fight against crime, the law provides for fines of up to R1 million or five years in prison – or both – for persons who, among other offences, damage, remove or destroy any transmission, distribution or reticulation cable, equipment or infrastructure.

Penalties for persons who unlawfully receive such cables, equipment or infrastructure face fines of up to R5 million or 10 years in prison, or both.

Going forward, the Act will lead to long term energy security, a more competitive energy system, more rapid uptake of renewable energy sources, and ultimately lower energy prices for all South Africans.

The Electricity Regulation Amendment (ERA) Bill was passed through a majority in the National Assembly in March. 

READ | National Assembly passes Electricity Regulation Amendment Bill 

-SAnews.gov.za 
 

Neo
Sat, 08/17/2024 - 08:32

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Read morePresident Ramaphosa signs Electricity Regulation Amendment Act into law
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