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Introduction Finding the perfect television for sale can be overwhelming with so many options available in the market. This guide will help you navigate the key factors to consider when purchasing a new TV, ensuring you make an informed decision. Screen Size and Viewing Distance When searching for a television or television accessories …
In today’s dynamic work environment, flexible office solutions have become increasingly popular among professionals and businesses. Marietta, GA, offers a variety of innovative office spaces, including coworking spaces, executive suites, and virtual offices, catering to the diverse needs of modern workers. This article explores the benefits of these flexible office solutions and why they are …
RMB (www.RMB.com) has released the highly anticipated 2024 edition of its Where to Invest in Africa report, a comprehensive analysis of the top investment destinations on the continent. The report, which has been developed in collaboration with the Gordon Institute of Business Science (GIBS), leverages a robust methodology that has been updated to reflect new data sources, taking into account a variety of factors that have been proven to determine a country's progress and therefore its investment potential.
“Africa is not a country, but a vast, diverse and complex continent with different cultures, economies and investment potential. Our report therefore is not a definitive guide, but rather it is designed to provide insight to uncover the underlying drivers of a country's performance that inform its ranking. This offers invaluable insights for investors, policymakers, and business leaders looking to navigate Africa's dynamic economic landscape,” says Isaah Mhlanga, Chief Economist at RMB.
Expanded data, extended granularity
Investment decisions need to be viewed through both an economic performance lens and an operating environment lens. As a result, the methodology used for this edition of the Where to Invest in Africa report builds and expands on previous editions, taking into account new data sets as well as changing geopolitical and macroeconomic climates.
The scorecard for the 2024 issue highlights 31 countries that collectively represent 92% of the continent's economic activity (measured by GDP), and more than one billion people (three quarters of the continent's population). It draws on publicly available data sets from global institutions, including the World Bank, the IMF, the African Development Bank, the United Nations, and the International Labour Organisation.
The model is constructed from 20 metrics across four measurement pillars: economic performance and potential; market accessibility and innovation; economic stability and investment climate; and social and human development. Each metric is weighted, which translates into a weight for each pillar, and based on these metrics a standardised scorecard is produced, with rankings that enable effective comparison across Africa's complex and heterogeneous environment.
Africa's top five investment destinations
Combining these elements results in a ranking across the 31 countries measured. The results of the report show that the two small island economies of Seychelles and Mauritius rank first and second as the most attractive investment destinations on the continent, while the significantly larger economies of Egypt, South Africa, and Morocco rank in third, fourth and fifth places respectively.
Seychelles leads the rankings thanks to high levels of personal freedom, human development, and a stable economic environment. Seychelles offers a unique and attractive investment climate. Despite scoring lower on economic size and potential, Mauritius is known for innovation, economic freedom, and high GDP per capita. It continues to be a top destination for investors seeking stability and growth opportunities in a well-regulated environment.
Egypt represents Africa's largest economy by GDP (2023), offering a substantial market with diverse opportunities in sectors like technology, manufacturing, and services. Its strategic location and economic complexity further enhance its attractiveness. Despite facing significant challenges, South Africa remains a crucial hub for investment in Africa. Its robust financial sector, diverse economy, and potential for infrastructure development make it a key player. Finally, Morocco's strong performance in connectedness, innovation, and economic stability positions it as a top investment destination. Its strategic proximity to European markets adds to its appeal.
Distilling diversity – investment archetypes explained
Africa is an incredibly diverse continent, and no two markets are the same, which means there is no such thing as a universal success story. However, when we zoom out and view nations through the lenses of size and the relevant investability score, it becomes apparent that they fall into distinct groupings with shared traits. The 2024 edition of Where to Invest in Africa suggests five potential investment archetypes based on shared characteristics revealed through the four measurement pillars.
‘Highflyers' represent the large, well-established economies that offer stability and a range of investment opportunities, such as Nigeria, South Africa, Egypt and Ethiopia. Those ‘Cleared for Take-off' are countries with high economic growth and innovation potential thanks to factors like a young population and abundant resources, including Senegal and Côte d'Ivoire. ‘People Potential' are markets with a young and growing demographic, creating a sizeable consumer base and a future workforce, such as Kenya, DRC and Uganda. ‘Global Connectors' are more advanced economies with a strong international presence, such as Morocco, Mauritius, Tunisia and Seychelles. ‘Low-Base Boomers' are smaller markets with high potential for explosive growth but a corresponding higher degree of risk, including Rwanda, Mozambique, and Benin.
Additional insights unpacked
The report also highlights a number of trends across the various markets, and the role of innovation and economic complexity in driving growth is a central theme. Countries such as South Africa, Kenya, and Ghana are noted for their strides in technological innovation and diversification of their economic bases, making them attractive destinations for investment.
The African Continental Free Trade Agreement (AfCFTA) holds significant potential for boosting intra-African trade, enhancing economic integration, and creating a more competitive continental market. Effective implementation of the AfCFTA is expected to drive economic growth and development across the continent. Africa's young and rapidly growing population also presents a unique opportunity for economic growth, with countries like Ethiopia, Tanzania, and Uganda poised to benefit from this demographic dividend, provided they can create sufficient employment opportunities and foster a conducive environment for economic participation.
In addition, there are a number of emerging markets with significant growth potential, including Nigeria, Ghana, and Kenya. Despite facing challenges such as political instability and infrastructural deficits, these countries offer substantial opportunities due to their large and youthful populations, improving business climates, and diversification efforts. Africa's vast natural resources, including minerals and arable land, are pivotal for sustainable economic growth. However, the report cautions against the "resource curse" and underscores the importance of good governance and strategic management. Angola, Mozambique, and the Democratic Republic of Congo are highlighted for their rich resources and potential for sustainable development.
One area that requires critical attention across the continent is the need for infrastructure investment. Improved transportation, energy, and digital infrastructure are essential for unlocking Africa's economic potential, and South Africa, Kenya, and Nigeria are identified as key markets where infrastructure development could yield significant returns.
Beyond the rankings – a deeper look at African investment
Looking beyond metrics and scorecards, Africa holds massive potential but equally faces numerous challenges. The continent is rich in natural resources, which can be a major driver of economic growth, but they also present challenges in the form of corruption and environmental degradation. Increased activity around trade agreements can open new markets for foreign investors and boost economic activity, but lack of adequate infrastructure is a major hurdle for many African economies. Investment in this space will improve connectivity and create new opportunities, while rapid and increasing urbanisation will prove attractive to investors in consumer goods, retail, and financial services. Finally, countries in Africa are embracing new technologies, leapfrogging traditional development stages and creating new investment opportunities in the tech sector.
“The richness of Africa's diversity makes fully analysing its nuance and contrast a challenging task, but an important one when it comes to understanding the varied markets that make up this vast regional economy. The 2024 RMB Where to Invest in Africa report aims to develop a balanced, robust and actionable view of the drivers, challenges and opportunities that characterise each of the 31 African markets included in the analysis,” Mhlanga concludes.
Download the full report here to uncover the insights and drive more informed investment decisions.
Distributed by APO Group on behalf of Rand Merchant Bank.
Introduction Spill containment is a critical aspect of environmental management, especially in industries that handle hazardous substances. Proper spill containment practices help prevent environmental contamination and protect public health. In this blog, we will discuss essential spill containment practices and their importance. Understanding Spill Containment Spill containment involves the use of barriers, absorbents, …
Esports, once dismissed as a frivolous pastime, has evolved into a dynamic intersection of entertainment, technology, and education. This transformation is not only reshaping perceptions but also providing significant benefits across educational levels. From primary schools to universities, esports offer a unique blend of engagement and learning, preparing learners to be future ready in the …
In a new episode of Inside Africa, CNN meets the urban farmers and social entrepreneurs leading the way in food sustainability and economic empowerment from community farms to organic online grocery stores. In Cape Town, Bukho Dem, founder of BSomebodySA has single-handedly opened up a new market for the area’s township based urban farmers, supplying …
Introduction Alcohol rehab is a vital resource for individuals struggling with alcohol addiction. It offers a structured environment where individuals can receive the support and treatment they need to overcome their addiction. In this blog, we will explore the various aspects of alcohol rehab and its benefits. What is Alcohol Rehab? Alcohol rehab …
Introduction Solar panels are becoming increasingly popular as a sustainable energy solution. With the growing concern for the environment and rising energy costs, many people are considering solar panels for sale as a viable option. In this blog, we will explore the benefits of solar panels and why they are a smart investment. Understanding …
DPWI to institute a commission of inquiry into Telkom headquarters building
Public Works and Infrastructure Minister Dean Macpherson says he will commission an independent report into the purchase of the former Telkom headquarters building in 2016 for R695 million and its subsequent renovation for R250 million.
The commission is meant to provide the Minister with recommendations within 60 days following its appointment and the necessary steps to address and remedy the situation.
Joined by the City of Tshwane Mayor, Cilliers Brink, on an oversight visit to the building on Thursday morning, Macpherson said it is unacceptable that for the past eight years, the building complex has barely been utilised and has been left vacant.
“It is disheartening that so much public funding has been spent to purchase and renovate the building, [and it has been] vandalised and occupied by criminal elements, thereby creating an additional burden for the City of Tshwane,” Macpherson said.
“We simply cannot spend more than eight years trying to establish how to secure public property while it deteriorates into lawlessness,” he said.
The Minister said the terms of reference for the independent investigation will be to provide him with answers to the following questions:
What led to the Department of Public Works and Infrastructure buying the Telkom Tower complex and whether the purchase was necessary?
What was the process which was followed for contracts to be appointed and whether the contractors were fit for purpose?
Whether the purchase of the complex by the Department of Public Works was the best option for the South African Police Service?
Whether any officials should be held accountable for the position the department finds itself in, in relation to the purchase and renovation of the building?
Are there any grounds to reclaim any monies paid to contractors where work was not done, or not done according to building standards or health and safety standards?
What will be the best way forward considering the current state of the building?
What steps can be taken to avoid the situation from occurring again?
“As the Department of Public Works and Infrastructure, we need to start moving faster to ensure that public investments are secured and utilised to avoid the wastage of any public monies in a fiscally constrained environment.
“We simply cannot be spending millions to repair and address vandalism, and poor planning and spending by the department,” the Minister said.
“We will have to start working closer with role players such as the City of Tshwane to ensure our buildings are used for the public good and do not fall into disrepair and cause a burden for the municipality. By working together, we can reclaim these buildings, unleash infrastructure investment and turn the country into a construction site. Let’s Build South Africa,” the Minister said. – SAnews.gov.za
Edwin
Fri, 08/02/2024 - 09:23
African Export-Import Bank's (Afreximbank) (www.Afreximbank.com) first African Quality Assurance Centre (AQAC), implemented in Ogun State, Nigeria, in partnership with Bureau Veritas (BV) has been awarded the ISO/IEC 17025:2017 accreditation by the South African National Accreditation System (SANAS), one of the key accreditation bodies in Africa responsible for carrying out conformity assessments as mandated under South Africa's Accreditation for Conformity Assessment, Calibration and Good Laboratory Practice Act (Act 19 of 2006).
ISO/IEC 17025 is the recognised international standard for testing and calibration laboratories and sets out requirements for the competence, impartiality and consistent operation of laboratories, ensuring the accuracy and reliability of testing and calibration results. The standard enhances the credibility of testing and calibration work by laboratories, by fostering trust among clients and regulatory authorities. Compliance with ISO/IEC 17025 demonstrates a laboratory's commitment to quality, technical proficiency and scientific rigour.
Commenting on the accreditation, Ms. Oluranti Doherty, Managing Director Export Development at Afreximbank said that the accreditation served to validate AQAC's capabilities and expertise and would provide new opportunities to expand the centre's reach.
“By aligning its practices with international standards and best practices, AQAC is well-positioned to attract new clients, foster partnerships with industry stakeholders, and contribute to the advancement of quality assurance practices in Africa,” said Ms. Doherty.
“The impact of this accreditation extends beyond the laboratory as it also contributes to the overall advancement of quality assurance practices in Nigeria. By demonstrating compliance with international standards and best practices, AQAC will help in reducing the rejection rates for Nigerian and African exports,” she said, mentioning that the Bank has committed up to US$100 million to support the development of new AQACs across the continent, with projects being considered in Benin, Chad, Gabon, Kenya and Tanzania.
Jean-Michel Perret, Managing Director, Bureau Veritas Nigeria said, “We are incredibly proud to have achieved the ISO 17025 accreditation for the African Quality Assurance Centre. This milestone reflects our steadfast commitment to providing the highest standards of testing and inspection services. It also demonstrates our dedication to supporting Nigeria's AgroFood industry in meeting international quality benchmarks, thereby facilitating greater access to global markets for ‘Made in Africa' products.”
The accreditation by SANAS amplifies AQAC's ability to offer internationally accredited services for food and agri products and paves the way for a more reliable and robust testing environment in Africa.
SANAS is a signatory to the International Accreditation Forum which gives it world-wide recognition as a competent body for carrying out independent evaluation of certification bodies against recognized standards. It is also a signatory to the International Laboratory Accreditation Cooperation Mutual Recognition Arrangements, the African Accreditation Cooperation Mutual Recognition Arrangements and the SADCA Mutual Recognition Arrangements, for specific scopes.
Distributed by APO Group on behalf of Afreximbank.
Afreximbank Media Contact:
Vincent Musumba
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Communication and Events (Media Relations)
Email: press@afreximbank.com
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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra-and extra-African trade. For 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialization and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank is setting up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2023, Afreximbank's total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, "the Group"). The Bank is headquartered in Cairo, Egypt.
For more information, visit: www.Afreximbank.com
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PRETORIA, South Africa – Themed Resilience and Growth in Africa: Leading Sustainable Businesses, Driving Change, and International Opportunities, the summit is gearing up for its 3rd annual edition, its first in South Africa, addressing the continent’s critical challenges by bringing together industry, academia, and government stakeholders to discuss innovative solutions and strategies for building a …
Subsistence fishers battle for permission to fish while illegal fishing boats plunder our oceans
In spite of illegal fishing, our MPAs do work
Two men attacked by leopard at Air Force Base Hoedspruit
The South African Air Force (SAAF) has confirmed that there was a leopard attack at the Air Force Base (AFB) in Hoedspruit in Limpopo over the weekend.
According to BBC, a leopard attacked two men at a South African air force base that borders the Kruger National Park.
“One of the men, a uniformed air force member, was attacked while out for a run. The other, a civilian working at the base, encountered the leopard while on a walk,” the publication said, adding that the two were admitted to hospital with scratches but no major injuries.
The SAAF said the safety and well-being of their members remains a top priority and that they are currently conducting a thorough investigation into the circumstances surrounding these incidents.
“We take these matters seriously and are committed to ensuring the safety of all personnel and families stationed at the base.”
In addition, the air force said it was collaborating with wildlife experts and local authorities to assess the situation and implement appropriate measures to mitigate future risks.
“While we understand the concerns raised by this situation, we encourage all personnel to remain vigilant and adhere to safety protocols when engaging with the natural wildlife in the area.”
According to the SAAF, the Acting Officer Commanding AFB Hoedspruit, Colonel Enrico Gherbavaz, has since mobilised the base environmental team to mitigate further risks.
Immediate measures include summoning the Endangered Wildlife Trust (EWT) to trace and monitor the leopard and contacting the Limpopo Department of Economic Development Environment and Tourism (LEDET) and other stakeholders to arrange for the leopard’s safe removal.
“Additionally, communications have been sent out to residents urging vigilance and avoiding solitary outdoor activities.”
The SAAF is working with Ingwe Leopard Research and wildlife veterinarians to ensure the leopard is safely relocated.
“The welfare and safety of the Drakensig community remain the utmost priority as the SAAF works with wildlife experts to resolve this situation.”
The SAAF said further updates will be provided as more information becomes available.
“We appreciate your understanding and cooperation as we work to ensure a safe environment for everyone at AFB Hoedspruit.” – SAnews.gov.za
Gabisile
Thu, 08/01/2024 - 09:16
Police warn criminals against resisting arrest
As police continue to crackdown on violent and serious crime, South African Police Service (SAPS) National Commissioner, General Fannie Masemola, has urged criminals to surrender themselves when called to do so by police.
Providing an update on the countrywide police operations during a media briefing in Johannesburg on Thursday, the National Commissioner warned criminals that police will continue to use force that is proportional to the threat when they are defending themselves and the communities they serve.
He was addressing concerns expressed by ordinary citizens and experts within the field of policing in relation to the number of suspects that have been shot and killed by police in KwaZulu-Natal (KZN) in recent months.
“It is important to clarify that, our mandate as the SAPS is to bring perpetrators to justice by arresting them, but quite often in pursuit of arresting these often dangerous and heavily armed criminals, our police officers are more than often met with heavy gunfire and that leaves our officers with no option but to defend themselves and the communities that they serve.
“On Tuesday evening, our members in KZN were tracing suspects who were linked to and wanted in at least 13 cases of business robbery and car hijacking in the Cator Manor and Durban Central Policing Precinct when they were met with gunfire.
“Five suspects were fatally wounded and fortunately no police officer was wounded in the attack. Just last week, KZN police shot and killed nine suspects in various incidents. In all these incidents, police were met with gunfire and various kinds of high calibre firearms were seized which include automatic rifles,” he said.
All these suspects were wanted in connection with serious and violent crimes, including murders and ATM bombings.
At the incident in Kwadlangezwa in Empangeni, the three suspects that succumbed to their injuries were wanted and linked in connection with at least ten cases of murder in the province.
“It is on this note that we urge criminals to surrender themselves when called to do so by police…. we will continue to use force that is proportional to the threat,” Masemola said.
As part of ongoing operations on the ground, police have secured the arrest of 766 237 suspects for various crimes.
These include 161 752 wanted suspects for priority crimes, including murder, cash-in-transit armed robberies, sexual offences, rape, car hijacking and firearm related offences.
Police visibility
The National Commissioner emphasised that heightening and enhancing police visibility as a form of a deterrent to crime is at the top of the SAPS agenda.
“Our ears remain on the ground, and we are well aware that our communities want to see more police officers on the ground. This is why we have recruited and trained 20 000 police officers in two years, who are already serving and protecting communities at grassroots level of policing.
“All these members have capacitated our police stations and various specialised units, including crime intelligence and the detective environment, where capacity is much needed,” he said.
Masemola announced that there are currently 4 500 recruits in training and the remaining 5 500 recruits will commence with training in January 2025.
“Through collaboration with key stakeholders in the fight against crime which includes various government departments and entities, it is our collaboration with private security as our eyes and ears on the ground that is proving to be effective and beneficial. Through our E2 project with private security, we have been able to share resources and intercept criminals jointly, through working together,” he said.
Investigation on 95 Libyan nationals
Police are continuing with investigations into 95 Libyan nationals who are alleged to have been receiving training at an illegal military training camp in White River, Mpumalanga.
The Libyan nationals allegedly entered the country with visas that were acquired through misrepresentation in Tunis, Tunisia.
“The focus is on who provided the nationals with Visa’s? And why did they opt to receive their training in South Africa As well as who funded their training and for what purpose?” the National Commissioner said. - SAnews.gov.za
nosihle
Thu, 08/01/2024 - 12:47
Minister welcomes decrease in rhino poaching stats
South Africa has recorded a downward trend in rhino poaching in the last two months of this year.
“A significant drop was noted during May and June this year with national losses reported at 21 and 22 respectively. May and June of 2023 were recorded at 42 and 34,” Minister of Forestry, Fisheries and the Environment, Dr Dion George, said on Thursday.
This reduced loss is thought to be attributable to the dehorning of rhino populations in KwaZulu-Natal and specifically in the Hluhluwe iMfolozi Park where over 1 000 rhinos have been dehorned since April 2024.
“During the first 6 months of 2024, 229 rhinos were poached in South Africa (compared to 231 for the same reporting period in 2023). Of those rhino poached, 191 were killed on state properties and 38 on privately owned parks/reserves/farms.
“The Kruger National Park (KNP) lost 45 rhinos to poaching from January to June 2024 compared to 42 during the same reporting period in 2023.
“KNP continues to implement its Rhino Conservation Plan which amongst others, focuses on guarding and protecting rhinos in the core rhino areas, the use of appropriate technologies, dehorning of rhino and implementing innovative biological management in these areas,” the Minister said.
The KNP Integrity Management Plan is being implemented to address staff integrity, which also focuses on other initiatives such as field ranger selection and training, polygraph testing, wellness, financial literacy training and skills development programmes.
“With regard to rhino population numbers, at the end of 2023, South Africa reported 16 056 rhinos comprising 2 065 black and 13 991 white rhinos. These figures compare with figures estimated for the end of 2021 when there were 2 056 black and 12 968 white rhinos in the country.
“South Africa had 1,032 more rhinos in 2023 than what there were in 2021 despite the poaching – in 2022 and 2023, 2.9% and 3.2% of South Africa’s rhinos respectively were poached. These were lower than the threshold of 3.5% beyond which rhino numbers will decline,” George said.
Implementation of the Year 1 targets of the Implementation Plan of the National Integrated Strategy to Combat Wildlife Trafficking (NISCWT) is well under way and cooperation between all stakeholders including government and the private sector is being promoted.
The implementation of NISCWT is overseen by the NATJOINTS Priority Committee on Wildlife Trafficking.
“During the reporting period, over 60 suspects have been arrested and 20 heavy calibre firearms recovered in relation to rhino poaching and rhino horn trafficking.
“Successful joint operations and investigations between SAPS Stock Theft & Endangered Species Unit, Environmental Management Inspectors (EMIs) from national and provincial conservation agencies and departments, the Directorate of Priority Crime Investigations (DPCI) and private security teams are to be commended for their sustained effort,” the Minister said.
The following successful convictions were received in the past six months:
• Two rhino horn traffickers were sentenced to 18 years imprisonment of which six years imprisonment was suspended for five years in the Ermelo regional court on 1 July 2024. This came after the two traffickers were arrested in December 2022 for the possession of four rhino horns.
• On appeal, the conviction and sentence of three Botswana Nationals were confirmed. They entered the country illegally and were convicted on one count of murder, after one of their accomplices was killed during a confrontation on the farm, the illegal possession of a prohibited firearm and ammunition, illegally entering the country and hunting a rhino without a permit and sentenced to 36 years imprisonment, effectively to serve 25 years imprisonment.
• In the Skukuza court, an accused was sentenced to 35 years imprisonment on charges of trespassing, hunting of one rhino, possession of a prohibited firearm, possession of an unlicenced firearm and ammunition, possession of a dangerous weapon and conspiracy to commit an offence. In another case the accused was sentenced to 26 years imprisonment on similar charges.
• In the Free State, three accused were convicted on conspiracy to hunt a rhino and was sentenced to five years direct imprisonment. In addition, a Silver Audi A4 to the value of R100 000, which was used as an instrument to the offence, was forfeited to the State.
• A courier on her way to Malaysia was arrested at OR Tambo International Airport. After she booked her suitcases in at the airport, an operator at the scanner section identified that the suitcases contained 12 rhino horns. An Environmental Management Inspector testified that the activities of the courier cannot be evaluated in isolation of the fact that the horns were linked through DNA to 3 poaching crime scenes, that the consignment was part of the organised crime value chain and that the court needs to take into account the human, conservation and socio-economic impacts of these crimes. The accused was convicted and sentenced to five years direct imprisonment. - SAnews.gov.za
nosihle
Thu, 08/01/2024 - 13:51
Some children are on a waiting list for years
Just Energy Transition must not leave communities behind - Ramokgopa
Minister of Energy and Electricity, Dr Kgosientsho Ramokgopa, has insisted that as South Africa continues to transition from a carbon intensive economy to a green economy, communities must be informed, consulted and educated on what the transition will mean to them.
The minister was delivering an address at the Institute for the Future of Work (IFOW) seminar on South Africa’s Just Energy Transition and the Future of Work in Tshwane.
Ramokgopa emphasised the importance of consultations with and education of communities as South Africa transitions and, by implication, some coal fired power stations wind down operations.
“We need to answer that question by what we mean by [Just Energy Transition]. It’s also about the democratisation of the conversation. It’s important that when you move into [communities] you don’t undermine the agency and the ability of people in those areas to comprehend and understand the implications of the decisions that you want to take.
“You don’t suggest that you have the authority to decide on their behalf. We don’t have that authority. It’s important that they get to be educated [on] the impact of not transitioning to the environment, to their own health, what it means and the impact of doing that suddenly.
“And they must contribute to the generation of how best to do that Just Transition and don’t treat those people as unthinking [and] as people who don’t have a view. As we move this just transition, we [must] take communities with us,” he said.
The minister highlighted that South Africa’s Just Energy Transition is expected to be an expensive process which – he added – should be subsidised by developed nations who are responsible for the vast majority of greenhouse gases causing climate change.
“There’s a ticket that’s assigned to the transition…the financing ticket. We are talking about R1.6 trillion over a period of five years. The South African balance sheet is very weak; it will not be able to carry this. So you need to design bespoke financing instruments…to help us to go this route.
“But also more significantly, what is the contribution of the developed world? Those parties that are largely responsible for the kind of damage that we are seeing to the environment. Africa in total contributes about 4% to the greenhouse gas emissions. We can’t carry the same responsibility. The industrialised and developed north have got both a moral and ethical duty to ensure that they are able to finance this transition,” he said.
Turning to South Africa’s renewable energy sector, Ramokgopa reiterated President Cyril Ramaphosa’s stance that the sector is undergoing a revolution that will create jobs and growth.
“Without any hesitation, renewables are going to see the biggest exponential growth of any form of fuel in the energy mix. We are tilting towards green forms of energy. Nuclear, solar PV, hydro and wind are going to be the mainstay of this transition. Of course, we do all of these things at the pace and scale that we can afford.
“We know that on solar PV and wind, these are some of the cheapest forms of generation. So we are going that route with its own weaknesses that this is not dispatchable power. So it’s not available all the time. It’s important that we do this configuration of what constitutes the various forms of fuel sources…understanding that the backbone of our energy generation will still be baseload,” he said. – SAnews.gov.za
NeoB
Thu, 08/01/2024 - 10:31
Bitlauncher has unveiled a groundbreaking investment platform aimed at democratizing access to early-stage AI startups. This innovative platform is designed to offer investors the opportunity to engage with promising AI ventures that have the potential to become the next billion-dollar companies. Transforming the Investment Landscape At the core of Bitlauncher’s approach is the implementation of …
South Africa is currently experiencing rapid urbanisation, with 63% of the population already residing in urban areas, a figure projected to rise (https://apo-opa.co/3Yt1Azg) to 71% by 2030. By 2050, it is estimated that eight out of every 10 people in the country will live in urban areas. As a consequence, the demand for basic infrastructure and essential services will significantly increase.
While urbanisation is a worldwide development, the growth rate is the fastest in Africa. By 2035, half of its population (https://apo-opa.co/4d151l7) will be living in cities and urban areas. But so far, it has largely translated into rising informal establishments, especially in sub-Saharan Africa, increasing poverty and inequality.
One of the most pressing issues is the dire state of the architectural profession in the region with too few skills on hand.
“As the demand for proper urban planning and development escalates, so does the need for skilled and competent architects who can contribute to sustainable and inclusive cities. However, the current state of the profession is cause for concern, with various obstacles hindering its progress. One of the most significant challenges is the housing crisis, which creates complex issues for architects,” says Devi Paulsen-Abbott at Energy Capital & Power.
The ever-growing urban population has put immense pressure on the limited housing options available, resulting in a dire need for affordable and sustainable solutions. Architects have a crucial role to play in developing innovative and sustainable housing options for all citizens.
“These are the professionals who possess the skills, knowledge, and creativity to design and build the spaces we live and work in. They have the potential to transform our cities and shape them into liveable, inclusive, and sustainable environments. However, the current state of the architectural profession in Southern Africa is hindering its ability to fulfil this critical role,” Paulsen-Abbott states.
Another big challenge facing the local architectural profession is the lack of collaboration between the public and private sectors, she says. “The development of our cities requires a joint effort from both these sectors, but there is a significant disconnect between them.”
As a result, many projects are abandoned, delayed, or poorly executed, leading to subpar living conditions for citizens. Paulsen-Abbott explains that this disconnect also stems from the inadequate recognition and support for the architectural profession. “Despite its crucial role in shaping our built environment, architecture is often undervalued and underfunded by the public sector,” she says. “This results in a lack of resources and opportunities for architects to develop their skills and push the boundaries of innovation in design.”
To address these pressing issues, the upcoming Architecture South Africa Conference (AZA24) (https://ArchitectureZA.org.za/) is a much-needed event. Bringing together over 50 experts under the theme "Where Architecture Meets... US/ PLANET/ FUTURE..." the conference promises to be an insightful and thought-provoking exploration of the dynamic relationship between architecture, humanity and sustainability.
This highly anticipated event, hosted by the SA Institute of Architects (SAIA), Gauteng Institute for Architecture (GIFA), and University of Johannesburg (UJ), will take place from 4-7 September 2024 on the UJ campus.
AZA Convener, Daniel van der Merwe, says: “This conference is a vital opportunity for the architectural profession to come together, collaborate, and find solutions to the challenges facing our cities. By bridging the gap between the public and private sectors, architects can work towards creating more liveable and sustainable cities for all.”
AZA will also serve as a platform for architects to showcase their innovative designs and ideas, encouraging further growth and development within the profession.
“As citizens, we must also realize the importance of the architectural profession in creating a better future for us all. We must demand that our governments prioritise urban planning and development, and allocate sufficient resources and support for the architectural profession,” van der Merwe says.
“The Architecture South Africa Conference AZA 2024 is a call for united action. We know the challenges South Africa faces, lack of sufficient housing, spatial inequality and ailing infrastructure. As architects our ultimate goal is to improve the lives of the end users of the spaces we design, inclusive of everyone in our beautiful country. AZA looks to open the discourse on how we can achieve this. Bringing together thought leaders to empower us all for a bright future,” notes Claire McCusker, President 2024/25 of SA Institute of Architecture (SAIA).
Distributed by APO Group on behalf of Energy Capital & Power.
About SAIA:
The South African Institute of Architects (SAIA) (https://SAIA.org.za/) is a voluntary association for Professional Architects. SAIA's mission is to act as the collective voice serving the interests of its members in pursuit of excellence and responsible design. It aims to uphold the dignity of the architectural profession and contribute meaningfully to the enhancement of society and the environment. The fundamental principles of equality and justice are implicit in our Constitution. SAIA incorporates the nine existing regional institutes: Border-Kei [Eastern Cape], CIfA [Western Cape], Eastern Cape, Free State, GIfA [Gauteng], KZNIA [KwaZulu-Natal], Limpopo, Mpumalanga and PIA [Gauteng].
About GIfA:
The Gauteng Institute for Architecture (GIfA) (www.GIfA.org.za/) boasts a rich legacy, tracing its roots back to 1900 as the Transvaal Institute of Architects. Today, we're dedicated to nurturing architectural excellence and raising awareness of the built environment. Our focused committees explore specific topics, addressing both current and historical issues. Moreover, we offer extensive training and development opportunities to members, ensuring continuous professional growth. Through collaborative endeavors and innovative initiatives, GIfA remains at the forefront of architectural advancement, enriching our profession and the communities we serve in the greater Johannesburg area.
About University of Johannesburg:
At the Department of Architecture (https://apo-opa.co/3YlLbg4), our vision is to become the leading school of architecture on the sub-continent via the pursuit of alternative, progressive, and critical spatial practices. We continually strive to be the embodiment of a design-led school of architecture by exploring the making of contextually responsive and appropriately built environments. Our mission is to broaden the scope of architecture through collaborative processes of innovative design, research, and making. We define our identity as a school of architecture that encourages teaching philosophies and a design-studio culture closely related to the changing nature of contemporary cities, specifically Johannesburg, the city which gives our university its name. We achieve this mission by integrating the physical, theoretical, field, and design studio.
About Energy Capital & Power:
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Exness (https://apo-opa.co/3LKDl87), one of the largest multi-asset retail brokers in the world, has announced that it has reached yet another significant regulatory milestone. The Financial Sector Conduct Authority (FSCA) has granted the company an ‘Over-the-Counter Derivative Provider' (ODP) license in South Africa, broadening its license portfolio.
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The ODP license mandates stringent risk management protocols, and reporting standards, providing clients with an extra layer of protection in the trading environment. This enhanced regulatory status further reinforces Exness' position as a trusted broker for local traders.
Paul Margarites, Exness Regional Commercial Director, said, "The ODP license acquisition signifies a significant stepping stone for Exness in South Africa. Our promise to provide a frictionless trading experience doesn't stop at trading conditions and a seamless client journey but extends to robust safety and security measures that put our clients first. In today's online trading landscape adherence to the FSCA's stringent standards ensures that our South African clients have an extra layer of peace of mind when trading with Exness.”
Exness uses technology and ethics to raise the industry benchmark and create favourable conditions for traders. It offers clients a frictionless trading experience through its superior proprietary platform and unique market protections, allowing traders to experience how the markets should be.
Distributed by APO Group on behalf of Exness.
Mabandla Clinic in Kariega still has no fence or wall