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28 November 2023

Mashatile to guide World AIDS Day in KZN

Location: News

Mashatile to lead World AIDS Day in KZN

Deputy President Paul Mashatile will on Friday, 1 December 2023, lead the official commemoration of World AIDS Day and launch of the South African Chapter of the Global Alliance to End AIDS in Children.

According to the Deputy President’s office, the country’s second-in-charge will address the World AIDS Day event in his capacity as the Chairperson of the South African National AIDS Council (SANAC).

The event is scheduled to take place at Ngcedomhlophe Sports Field in the Mandeni Local Municipality, KwaZulu-Natal.

World AIDS Day is commemorated annually across the globe in solidarity with the millions of people living with HIV and to raise awareness about the status of the epidemic, to encourage HIV prevention, treatment and care.

The 2023 commemorations will focus on investing in and strengthening community-led interventions and community-centred approaches in the management of HIV.

“It further highlights the importance of greater involvement of civil society in strengthening accountability and empowering communities to be at the forefront of strategic interventions against stigma, discrimination and human rights violations of people affected and infected with HIV.”

South Africa, the Presidency said, joins the rest of the world in shining the light on the experiences of people living with HIV today, while celebrating the strength, resilience and diversity of the communities most affected.

Deputy President Mashatile will lead the commemoration event alongside the SANAC Civil Society Chairperson Steve Letsike, Health Minister, Dr Joe Phaahla, KwaZulu-Natal Premier Nomusa Dube-Ncube, KwaZulu-Natal Health MEC Nomagugu Simelane and various sector leaders.

The event will be attended by members of the surrounding communities as well as representatives from development partners such as the United Nations agencies, the United States government, research entities, civil society movements and the private sector. – SAnews.gov.za

Gabisile
Tue, 11/28/2023 - 11:32

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28 November 2023

Top 10 Fintech Regulatory Challenges faced in 2023

Location: MyPR

As digital transformation continues to accelerate, it is evident that the fintech sector is not just responding to current demands, it is also anticipating the future needs of businesses and consumers alike. With the emergence of decentralised platforms to the integration of financial services into everyday consumer experiences, each year brings significant milestones in the …

28 November 2023

EcoFlow Dominates Black Friday Sales on Takealot: Tops Portable Power Stations and Secures Top Ten Brands in South Africa

Location: News

EcoFlow (https://apo-opa.co/47Nemde) (www.EcoFlow.com), a leading company of eco-friendly and sustainable energy solutions, achieved remarkable success during the 2023 Black Friday sales. On Takealot (https://apo-opa.co/3QXcqIn), South Africa's leading online store, EcoFlow secured its top position in the portable power station category, and cemented its place among the top ten brands in overall sales, affirming its leadership in sustainable energy.

"EcoFlow appreciates the trust and choice of every user. Since its founding in 2017, EcoFlow has steadfastly pursued the vision of 'Power a new world,' creating intelligent, user-friendly, and sustainable power solutions", said by Joy Wu, Head of LAMEA & APAC at EcoFlow.

This marked the first time EcoFlow participated in Black Friday sales in South Africa, and its outstanding performance culminated in the top position in the portable power station category on Takealot.

Moreover, EcoFlow claimed the sixth spot in the overall brand rankings for gross merchandise value. Among the top 10 items sold by gross merchandise value, EcoFlow DELTA 2 Portable Power Station (https://apo-opa.co/3N5IcSt) secured the third position. Notably, EcoFlow is the exclusive brand in the portable power stations and energy solutions category to achieve such recognition.

EcoFlow also delivered excellent results across various sales channels, including more than a thousand retailer stores and online stores, such as Incredible Connection, Makro, Builders, Hirsch's and EcoFlow official website, witnessing an overall sales growth of 200% compared to the previous sales period.

EcoFlow Portable Power Stations(PPS) (https://apo-opa.co/47vcg27), including the EcoFlow RIVER and EcoFlow DELTA series, have gained significant traction in the South African market due to technological innovation and superior performance.

Distinguished by its extreme portability, minimal maintenance, silent operation, and eco-friendly energy, EcoFlow PPS provides a safe and reliable household power supply solution. Additionally, its industry-leading fast-charging technology and exceptional user experience have earned the trust of over 2.5 million users across 100+ global markets.

In addressing South Africa's immediate challenges with Load Shedding, EcoFlow PPS showcased flexibility by seamlessly integrating with Solar Panels (https://apo-opa.co/3N7TaH5), Transfer Switches, and other products in the EcoFlow ecosystem. This empowers households to achieve an intelligent and reliable sustainable backup power supply in the face of an unstable main grid.

To provide efficient and dependable support to the users in South Africa, EcoFlow has established a robust after-sales service system. Locally-based hotline and email customer service guarantee swift responses within 48 hours. In case of repairs, EcoFlow is dedicated to concluding the repair process and dispatching the serviced product within 3-5 working days.

The 2023 Black Friday event featured the best selling EcoFlow DELTA 2 and RIVER 2 series portable power stations. Equipped with LFP batteries boasting a 3000-cycle lifespan and backed by a 5-year warranty, DELTA 2 and RIVER 2 series ensure a secure power experience for the next decade. As a token of gratitude, the historic price reductions of up to 47% off will extend to this December for the best buying opportunity for more users.

Looking ahead, EcoFlow remains committed to prioritizing user experience and continuous innovation for greater solutions. The company envisions incorporating clean energy into the future lives of more individuals and families.

Distributed by APO Group on behalf of EcoFlow.

Media Contact:
Orange Lin
EcoFlow Communications Manager, South Africa
orange.lin@ecoflow.com

About EcoFlow:
EcoFlow is a leading eco-friendly energy solutions company with the vision to power a new world. Since its founding in 2017, EcoFlow aims to become a reliable and trusted energy companion for individuals and families across the world, providing accessible and renewable power solutions at home, outdoors, and in mobile spaces. Today, with operational headquarters located in the USA, Germany, and Japan, EcoFlow has empowered more than 2.5 million users in over 100 markets worldwide.

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28 November 2023

Government announces novel awards for arts, culture sector

Location: News

Government announces new awards for arts, culture sector

Minister of Sport, Arts and Culture Zizi Kodwa has announced that government will be hosting an all-encompassing awards ceremony to recognise those who exhibit outstanding artistic and technical achievement in the arts and culture sector.

“The creativity and imagination of the South African designers, artists, producers, writers, and performers are continuing to shine the light on the global stage and driving the growth of our creative economy,” Kodwa said on Tuesday in Pretoria.

The Department of Sport, Arts and Culture intends to confer South African Creative Arts Awards (SACA) annually in appreciation of the outstanding contributions to the creative sector.

“This is another way in which government is developing a participatory cultural platform by supporting artists and arts and culture initiatives, as essential elements to stimulate the growth of the country’s creative economy.

“These are creatives from across cultural domains that push the boundaries of their creative ability and show devotion to excellence with uncompromising quality, ground-breaking creativity and relentless innovation that defines those that are outstanding from the best.

“The South African Creative Arts Awards are for creatives from across cultural domains who push boundaries of their creative ability and show devotion to excellence,” the Minister said.

The launch date for the SACA will be announced in due course.

Meanwhile, South Africa will be hosting the 2024 International Cricket Council (ICC) Under 19 Cricket World Cup from 20 January to 11 February 2024.

The event was initially scheduled to take place in Sri Lanka, however, the ICC Board decided to move this tournament from Sri Lanka and awarded it to South Africa.

“The move was taken as a consequence of the ICC provisionally suspending Sri Lanka Cricket due to extensive government interference in the board's administration. Sixteen countries are expected to participate. No government funding is required. The International Cricket Council and Cricket South Africa will provide funding for the tournament,” Kodwa said.

The event will take place at the following venues:

Buffalo Park Cricket Stadium, East London
Diamond Oval, Kimberley
JB Marks Oval, Potchefstroom
Mangaung Oval, Bloemfontein
Willowmore Park, Benoni

2027 Netball World Cup

With preparations for South Africa’s participation in the 2027 Netball World Cup underway, the Minister also announced the appointment of an Independent Advisory Panel on Netball Professionalisation, which will ensure the development, sustainability, and competitiveness of netball.

The Independent Advisory Panel has been appointed with the objective of developing a blueprint for the development of Netball in the country.

The panel will be expected to review netball’s strategy and increase Mass Participation to ensure Netball becomes a sport of first choice in communities.

Furthermore, the panel will ensure the national league as a commercial product and that it generates revenue for the system that increases the broadcast value and aids professionalization.

It is also responsible for achieving excellence in the international rankings at major international competitions as well as dealing with matters pertaining to governance and finance.

The following are members of the Independent Advisory Panel on Netball:

Ms. Maria Magdalena Bezuidenhout, University of Pretoria Netball
Ms. Nozipho Jafta, CEO of SASCOC.
Ms. Blanche De la Guerre, former CEO of Netball South Africa
Ms. Zanele Mdodana, former Spar Proteas Captain, Netball coach at University of Stellenbosch
Dr. Hajira Mashego, an academic and Director of Sport at Tshwane University of Technology

Board of Boxing SA

The current term of the Board of Boxing South Africa expires on 11 December 2023.

The Minister thanked the outgoing board members for the work that they have done during the period.

He also announced the appointment of the following new members of the Board of Boxing SA with effect from 12 December 2023 until 11 December 2026:

Mr Sifiso Shongwe (appointed as Chairperson of the Board)
Ms Princess Mangoma
Ms Nande Mheshe
Mr Sakhiwe Sodo
Mr Luxolo September
Ms Romy Titus
Dr Mary-Gene Manthata-Setati

The World Anti-Doping Authority (WADA) has once again awarded South Africa with the hosting of the its Africa Regional office. This office is currently hosted in Cape Town and will continue to be based in Cape Town.

“In April 2023, WADA published a call for Expressions of Interest to host its Africa Office. Three countries, namely Egypt, Morocco, and South Africa, formally expressed interest and submitted a candidate file. Evaluation visits took place in these three countries at the beginning of October 2023,” the Minister said. – SAnews.gov.za

nosihle
Tue, 11/28/2023 - 13:04

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28 November 2023

Hollywood Foundation’s Bambelela Business Awards Recognise Excellence and Foster Economic Growth in Gauteng

Location: MyPR

The Hollywood Foundation, through its Enterprise and Supplier Development, proudly hosted the second edition of the Bambelela Business Awards in Gauteng on 21 November. This prestigious event brought together a dynamic array of stakeholders, government officials, public figures, and ambitious young entrepreneurs. Themed “Bambelela (Hold On) – Your Dreams Are Valid,” the awards recognised local …

28 November 2023

United States (U.S.) and African Development Bank Collaborate to Accelerate Africa’s Digital Transformation

Location: News

The U.S. Commercial Service and the African Development Bank (www.AfDB.org) have announced a new strategic collaboration in a move to drive digital transformation across Africa.

Unveiled on the sidelines of the Africa Tech Festival held in Cape Town, South Africa, this collaboration paves the way for a series of dialogues on how U.S. digital innovation can support development goals across Africa.

The discussions will focus on key themes such as embracing new technologies, improving internet access, enhancing skills, and creating a regulatory environment conducive to innovation. Both parties will explore how African governments can collaborate with American technology firms to grow their economies and how U.S. businesses can tap into new opportunities in Africa's emerging markets.

Ashley Ndir, senior U.S. Commercial Liaison to the African Development Bank, emphasized, "We are at a turning point in Africa's technological advancement. By bridging insights from the U.S. private sector with Africa's vibrant markets, we aim to drive innovation and economic growth. This partnership is a testament to that mission."

Head of ICT Operations Nicholas Williams from the African Development Bank said, "Africa has made significant investments in pivotal infrastructure and policy enhancements to create an innovative digital economy. As Africa's premier development finance institution, the African Development Bank will help push Africa's digital boundaries even further by forging strategic relations, building on historical investments and, more importantly, tapping into the energy of our young population, who are digital natives. We value the insights that the U.S. private sector may bring."

The initiative builds on the African Development Bank's $2 billion investment in digital infrastructure, which includes regional and national broadband development, creating favourable policy environments for private sector investments, scaling digital skills, and nurturing innovative enterprises. The Bank's efforts have reduced the cost of internet access, enhanced digital literacy, and fostered a conducive business and policy environment. It will also benefit from the U.S. Commercial Service's experience in fostering international trade. This collaboration promises to champion the digital transformation in Africa, aiming for a future where technology empowers growth and prosperity. With this partnership, both the U.S. Commercial Service and the African Development Bank reaffirm their commitment to not only elevate digital capabilities in Africa but also to ensure that the continent's potential is fully realized in the digital era.

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

Media contact:
Communication and External Relations Department
media@afdb.org

Technical contacts:
African Development Bank:
Uyoyo Edosio
u.edosio@afdb.org

US Government Contact:
Ashley Ndir
Senior Commercial Liaison to the AfDB
Ashley.Ndir@trade.gov

About the U.S. International Trade Administration:
The U.S. Department of Commerce's International Trade Administration (ITA) strengthens U.S. competitiveness by promoting U.S. export opportunities in global markets. Our trade experts serve in over 100 U.S. cities and 80 international markets through the U.S. and Foreign Commercial Service. Our U.S. Commercial Service Liaison office to the African Development Bank (AfDB) supports U.S. private sector engagement with the AfDB.

About the African Development Bank:
The African Development Bank (AfDB) (www.AfDB.org) has approved $2 billion in loans, grants, and equity investments for ICT projects in the past decade. These initiatives focus on regional and national broadband infrastructure development, creating favourable policy environments for private sector investments, scaling digital skills, and nurturing innovative enterprises. The AfDB's efforts have reduced the cost of internet access, enhanced digital literacy, and fostered a conducive business and policy environment.

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28 November 2023

Bureau Veritas AgriFood goes Solar in Cape Town

Location: News

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Bureau Veritas (https://group.BureauVeritas.com), a global leader in testing, inspection, and certification, announces that Bureau Veritas's AgriFood Laboratory in Cape Town has successfully completed a solar power and back up energy project that enables it to operate independently of the national electricity grid of South Africa.

Bureau Veritas has taken a bold step toward undertaking a solar and back up project that allows it to sustain its business continuity for its Cape Town AgriFood Laboratory. This development not only allows the laboratory to operate at full capacity, 24 hours a day and without interruptions, but it also represents a significant stride toward the Group's objectives and ongoing commitment to environmental sustainablity through reduced Carbon Emmisions.

Joanne Barton, Managing Director, Bureau Veritas AgriFood Labaratories, said: “Our transition to solar power has energised our team in Cape Town due to the reliability of our new system. We are delighted that we are able to serve our clients with 100% uptime, ensuring uninterrupted service and a brighter, more sustainable future for our community.

Gavin Hefer, District Chief Executive for Southern Africa, Bureau Veritas, commented: “We are extremely pleased with the team at our AgriFood Lab that has contributed to a project that allows us to better serve our clients in the Western Cape region. As a company that is committed to reducing our carbon footprint, it is imperative that we continue to relieve the national grid of pressure and operate in a way that is sustainable and environmentally responsible while delivering services to our clients without interruptions.”

Operating out of Brackenfell, in the northern suburbs of Cape Town, Bureau Veritas' AgriFood Laboratories, an ISO 17025:2017 SANAS accredited laboratory, is ideally situated to service role-players in the region's industrial hubs, as well as those operating the winelands, farming region, fruit orchards, wheatlands and rooibos fields, together with their associated value chains from coast to coast.

Distributed by APO Group on behalf of Bureau Veritas.

Media contacts:
Prince Cekeshe
+260 542 9824
Prince.Cekeshe@bureauveritas.com

Peter Moopela
+27 81 399 9737
jhbmandlsales@bureauveritas.com

About Bureau Veritas:
Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has circa 84,000 employees located in nearly 1,600 offices and laboratories around the globe. Bureau Veritas helps its 400,000 clients improve their performance by offering services and innovative solutions in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.

Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20 and SBF 120 indices.

Compartment A, ISIN code FR 0006174348, stock symbol: BVI.

For more information, visit www.BureauVeritas.com, and follow us on Twitter (https://apo-opa.co/47vbZMJ) (@bureauveritas) and LinkedIn (https://apo-opa.co/46yBcEv).

27 November 2023

Collaboration is key to moving SA towards a water secure future

Location: News

Collaboration is key to moving SA towards a water secure future

Collaboration is critical in moving South Africa towards a more water secure future that in all essence, is the pursuit towards the fundamental preservation of life.

This was the sentiments echoed by leading scientists who attended the Climate Change and Water Sector Consultation workshop, held in Pretoria, on Friday.

The Department of Water and Sanitation, in collaboration with the International Water Management Institute (IWMI) assembled captains of industry, leading minds and various stakeholders in a hybrid Climate Change and Water Sector Consultation workshop.

The session was aimed at fostering meaningful discussions and collaborative efforts towards sustainable development and climate security in the water sector.

Inputs solicited from the consultation will be incorporated into the revised draft Climate Change Strategy, which will be followed by intense consultation with various stakeholders across the country to solicit more inputs to pave the way for a development of a strategy that will ensure a climate resilient South Africa.

Spearheaded by Specialist Scientist – Directorate Climate Change Analysis at the Department of Water and Sanitation, Dr Gabriel Lekalakala, the consultation delved into two key areas, including water in National Determined Contributions (NDC) to place water at the heart of development pathways, and drafting the Climate Change Status Quo and National Response Strategy.

At the workshop, speakers echoed each other’s sentiments that the drive for water security calls for a collaborative response from government, civil society organisations, experts, and the private sector.

The speakers agreed that a shared global challenge and combined efforts are essential to ensure sustainable water management, improve access, and innovate resilient solutions.

According to the scientists, this tripartite alliance can drive impactful policies, fund crucial initiatives, and implement effective strategies to secure the world's water future.

Draft National Climate Change Response Strategy

Lekalakala said the water and sanitation sector is faced with a wide range of challenges that are further exacerbated by climate change and has severe impact on water security.

He said the development of response plans such as the draft National Climate Change Response Strategy for water and sanitation sector, together with collaborative and coordinated responses from the sector, can contribute towards reducing the potential impacts.

“The strategy is a blueprint for the sector to use in response to climate change related impacts and requires all hands on deck. Hence, the consultation is to afford the sector players to contribute towards its robustness and all take ownership of it.

“There will be more consultation processes making use of all available platforms in the coming weeks. Its implementation process will involve awareness drives of the strategy to wider uptake. We encourage all stakeholder to take part in all these processes,” Lekalakala said.

Inclusion

Director of Water, Growth and Inclusion at IWMI, Dr Inga Jacobs-Mata, who led the discussions on Climate Change Response Strategy for water and sanitation sector, as well as developing the NDC Capacity Scorecard, emphasised that achieving water inclusion is not just a necessity, but an “imperative that requires all of us.”

“This collaboration is vital to address water scarcity, improve water quality, and ensure equitable access. The United Nations' 2030 Sustainable Development Goals (SDGs), particularly SDG 6 - Clean Water and Sanitation, underscore the urgency of this mission not just in South Africa, but globally.

“By prioritising water inclusion, we not only contribute to SDG 6 but also lay the foundation for achieving interconnected goals such as eradicating poverty, ensuring good health and well-being, and fostering sustainable communities. The journey to water security is inseparable from the broader pursuit of a sustainable and equitable future for all,” Dr Jacobs-Mata said. – SAnews.gov.za

GabiK
Mon, 11/27/2023 - 09:38

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27 November 2023

Concentrix + Webhelp Extend Partnership with Blossom Care Solutions

Location: MyPR

Concentrix + Webhelp and Blossom continue partnership to fight period poverty and empower women in Gugulethu. Concentrix + Webhelp, a global leader in customer experience (CX) solutions and technology, is taking a stand against period poverty by extending its partnership with Blossom Care Solutions to provide funding for the latest Blossom site, which recently opened …

27 November 2023

Accounting and Financial Professionals Must Guide Africa’s Transition to Sustainable Development

Location: News

Association of Chartered Certified Accountants (ACCA)

Accountants must be fit to lead Africa's inclusive sustainable growth and economic recovery ensuring the continent's place in the global arena, says ACCA, (The Association of Chartered Certified Accountants) (www.ACCAGlobal.com) as it readies for its annual conference held for the first time in South Africa.

Hundreds of accounting professionals from across Africa are expected to gather at the Sandton Convention Centre, Johannesburg, for the fourth Africa Members Convention (AMC 2023) from December 6-8.

Themed Empowering Finance Professionals for Sustainable Development in Africa the conference will develop earlier conversations on innovative technologies, integrated thinking for sustainable business practice, international sustainability reporting to drive accountability, developing trade competencies towards supporting intra-Africa trade and enabling members develop careers toward building a better world.

“The accountancy profession has a fundamental role to play in the transformation of Africa's economy, as outlined in Africa's Agenda 2063 - The Africa We Want - which prioritises inclusive social and economic development, continental and regional integration, democratic governance and peace and security amongst other issues, “ said Jamil Ampomah ACCA Director Africa, responsible for implementing ACCA's strategy in the region and managing ACCA's relationships with key African stakeholders – governments, regulators, policy makers, employers, international agencies and regional organisations.

Several African governments have issued policies toward meeting their sustainability commitments underpinned by environmental, social and governance (ESG) considerations. Their adoption indicates the increasing importance of the sustainability agenda in both the private and public sector in Africa.

The conference will look at sustainability from many angles including financing sustainable development programmes, ethics and professionalism; technology and AI; support of developmental policy, corporate social responsibility and developing accounting career for the future.

The programme line-up brings together senior commercial and government financial professionals, from across the globe, including the World Bank's International Bank for Reconstruction and Development, and South Africa's Deputy Auditor General.

Jane Ohadike, Regional Head of Public Affairs for ACCA - Africa, responsible for setting the strategy for public sector and governments across the region said: “Accountancy and finance professionals are important agents of change and we have identified seven priority areas in which accounting professional have a role. There are building resilient economies, developing the talent of tomorrow, driving sustainable business, advancing standards and regulation, transforming the public sector, supporting entrepreneurial growth and strengthening ethics and trust.

“I really want to encourage accounting and financial professionals to attend the 2023 ACCA Conference to share their expertise and thinking while also using this platform to network and make strategic business connections.

Registration is now open and more information can be found online at Africa Members Convention (https://apo-opa.co/47suIsj).

Distributed by APO Group on behalf of Association of Chartered Certified Accountants (ACCA).

For media enquiries, contact:
ACCA News Room
E: newsroom@accaglobal.com
Twitter/X: https://apo-opa.co/3QZLo3n
ACCAGlobal.com

About ACCA:
We are ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide.

Founded in 1904 to widen access to the accountancy profession, we've long championed inclusion and today proudly support a diverse community of over 247,000 members and 526,000 future members in 181 countries.

In Africa ACCA supports 18,828 members and 58,432 future members and over 300 Approved Employers across the region. ACCA is present in six of Africa's10 largest economies, with opportunities to influence the profession in the remaining four economies. ACCA is also present remotely in Gambia, Sierra Leone, Cameroon, Rwanda, Namibia, Lesotho, Sudan, Somalia, Southern Sudan, and Eritrea.

Our forward-looking qualifications, continuous learning and insights are respected and valued by employers in every sector. They equip individuals with the business and finance expertise and ethical judgment to create, protect, and report the sustainable value delivered by organisations and economies.

Guided by our purpose and values, our vision is to develop the accountancy profession the world needs. Partnering with policymakers, standard setters, the donor community, educators and other accountancy bodies, we're strengthening and building a profession that drives a sustainable future for all.

Find out more at: www.ACCAGlobal.com.

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27 November 2023

Eskom receives global credit ratings boost

Location: News

Eskom receives global credit ratings boost

Eskom has welcomed the decision by global ratings agency S&P Global to upgrade the power utility’s credit rating to ‘B’ from ‘CCC+’ with a stable outlook on the company’s senior secured and senior unsecured debt.

In addition, S&P Global also upgraded Eskom’s South Africa national scale rating to ‘zaBBB/zaA-2’ from ‘zaB/zaB’.

Eskom Acting Group Chief Executive Calib Cassim said: “Eskom welcomes the decision to upgrade the company’s credit rating by S&P Global. We continue to work with key stakeholders, particularly shareholder ministries as we implement our turnaround plan with a focus on key strategic objectives which include operations and financial recovery; people, culture and ethics, and legal separation of the business.”

The credit ratings agency cited government’s R254 billion debt relief package as key in the electricity company’s credit quality.

“In their rationale, the credit rating agency stated that the upgrade is due to their expectation that the South African government’s R254 billion financial support package, as part of the Eskom Debt Relief Act signed into law on 7 July 2023, will cover Eskom’s debt servicing and repayment obligations over the current and coming two financial years resulting in an improvement of the company’s credit quality.

“The stable outlook reflects S&P Global’s view that Eskom’s creditworthiness will continue to benefit from explicit and timely support from the South African Government, facilitating a strengthening of Eskom’s liquidity position and less risk of default as the debt relief agreement is implemented as stipulated,” Eskom said. – SAnews.gov.za

NeoB
Mon, 11/27/2023 - 10:02

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27 November 2023

Sebastião Salgado Outstanding Contribution To Photography Award 2024

Location: Entertainment, MyPR

The World Photography Organisation is delighted to announce the acclaimed Brazilian photographer Sebastião Salgado as the Outstanding Contribution to Photography recipient of the Sony World Photography Awards 2024. One of the most accomplished and globally celebrated photographers working today, Sebastião Salgado has achieved international renown for his remarkable black-and-white compositions captured over a career spanning …

24 November 2023

Young Emerging and Existing Entrepreneurs face-off in Afrika Tikkun Services’ 5th Annual Business Summit

Location: MyPR

Afrika Tikkun Services (ATS) in partnership with HSBC Bank hosted the 5th Annual Alumni Entrepreneur Network (AEN) Business Summit, on 11 November 2023, celebrating their ingenious entrepreneurs. The Summit provided young entrepreneurs with an opportunity to pitch their innovative business ideas or present their existing businesses to a panel of judges and a chance to …

24 November 2023

Gold mining in the Overberg: fears relieved for now

Location: News

Mining company has not met the first deadline for an Environmental Impact Assessment

23 November 2023

The Animation School selects Honoris as its partner for expansion as the world embraces African entertainment

Location: MyPR

Cape Town, South Africa – 23 November 2023: The television entertainment sector in South Africa is undergoing a digital revolution, with streaming services such as Showmax, Netflix, Amazon Prime, and Disney+ disrupting the traditional business model South Africans have used for many years. The power of these services is immense. These platforms boast impressive content rosters …

23 November 2023

Repo rate remains unchanged at 8.25%

Location: News

Repo rate remains unchanged at 8.25%

The Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repurchase rate at its current level of 8.25%.

Addressing a media briefing at the last MPC media briefing of the year, the bank’s Governor Lesetja Kganyago said the decision was unanimous.

“Electricity prices continue to present clear inflation risks, and with logistics constraints, are likely to have broader effects on the cost of doing business and the cost of living. Given uncertain fuel and food price inflation, considerable risk still attaches to the forecast for average salaries.

“Serious upside risks to the inflation outlook remain. In light of these risks, the Committee remains vigilant and stands ready to act should risks begin to materialise,” the Governor said on Thursday.

Market-based expectations for inflation in 2023 are currently 5.8%, while near-term break-even rates have dipped to 4.3%.

He said medium and longer-term market expectations for inflation remain elevated.

“The September survey of the Bureau for Economic Research shows average inflation expectations lower at 6.1% for 2023. The Committee, however, would prefer to see expectations anchored at the mid-point of the inflation target band,” the Governor said.

He said that at the current repurchase rate level, policy is restrictive, consistent with the inflation outlook and elevated inflation expectations.

SARB’s forecast for global growth in 2023 is broadly unchanged at 2.7% (from 2.6%), and 2.6% in 2024.

“Decisions will continue to be data dependent and sensitive to the balance of risks to the outlook. The inflation and repo rate projections from the updated Quarterly Projection Model (QPM) remain a broad policy guide, changing from meeting to meeting in response to new data and risks.”

Kganyago said the policy stance aims to anchor inflation expectations more firmly around the midpoint of the target band [of between 3 and 6%] and to increase confidence of attaining the inflation target sustainably over time.

With South Africa’s inflation rate remaining sensitive to shocks, the MPC will seek to look through temporary price shocks and focus on potential second round effects and the risks of de-anchoring inflation expectations.

“Guiding inflation back towards the mid-point of the target band reduces the economic costs of high inflation and will achieve lower interest rates in the future. Since early 2020, the Committee has recommended additional means of lowering inflation that are within the reach of the public sector, including achieving a prudent public debt level, increasing the supply of energy, keeping administered price inflation low and real wage growth in line with productivity gains.

“Such steps would strengthen monetary policy effectiveness and its transmission to the broader economy,” he said.

While volatile in recent weeks, oil prices have increased over the year and commodity export prices have moderated further.

“South Africa’s external financing needs will increase as the current account deficit expands from a forecasted 1.3% of GDP this year (from 2.0%), to 2.6% of GDP in 2024 and to 3.5% of GDP in 2025. The smaller deficit this year is the result of significantly better than expected trade outcomes in the third quarter.

“The rand weakened over the past year, depreciating by about 9.5% against the US dollar. The lack of sustained economic growth and dependence on commodities is reflected in the high volatility of the currency in response to global risk-on and risk-off episodes,” Kganyago said. –SAnews.gov.za

nosihle
Thu, 11/23/2023 - 15:49

324 views

23 November 2023

Two NBA Stores to Open in Cape Town and Durban, South Africa

Location: News

New NBA Stores at Gateway Mall in Durban and V&A Waterfront in Cape Town Will Feature Extensive Range of Officially Licensed NBA Merchandise, Including Nike Jerseys, Apparel, Memorabilia and More;Naismith Memorial Basketball Hall of Famer Clyde Drexler to Attend Store Launch Events in December and Engage with Local Fans; NBA Fans in South Africa and Other Select African Countries Can Continue to Shop Online at NBAStore.Africa (https://NBAStore.Africa/).

NBA Africa and Shesha, a premium retailer of exclusive and limited-edition footwear, apparel and accessories, today announced that two new NBA Stores will open in Durban and Cape Town, South Africa. The NBA Store in Durban will be located at Gateway Mall and open on Friday, Nov. 24, while the NBA Store in Cape Town will be located at V&A Waterfront and open on Friday, Dec. 1.

The new stores build on NBA Africa's existing merchandise offerings, including the first NBA Store on the continent located in Sandton City, Johannesburg and the league's first e-commerce (https://NBAStore.Africa/) site dedicated to fans in Africa, which provides fans in select countries with the widest selection of official NBA merchandise ever available on the continent. To celebrate the new store openings, Naismith Memorial Basketball Hall of Famer Clyde Drexler will engage with fans at launch events in Cape Town on Tuesday, Dec. 12 and in Durban on Thursday, Dec. 14.

Both stores, which will be operated by Shesha, will feature an extensive range of officially licensed NBA merchandise for youth and adults, including current and former player jerseys, apparel, headwear, footwear, sporting goods, toys and collectibles from major brands such as Nike, Mitchell & Ness, New Era and Wilson. The stores will also feature a customization area where fans can personalize NBA jerseys.

“We are excited to expand our merchandise offerings in Africa as part of our multiyear collaboration with Shesha,” said NBA Africa CEO Victor Williams. “There is tremendous demand for official NBA merchandise from fans in South Africa and across the continent, and these beautiful new stores will allow fans in Cape Town and Durban to more easily represent their favorite teams and players.”

“Following the launch of Africa's first NBA Store in Johannesburg last year, we are excited to also deliver the NBA Store experience to fans in Durban and Cape Town,” said Shesha CEO Nirmal Devchand. “The launch of the new NBA Stores will provide more fans in these cities with better access to their favorite teams and players' merchandise, and we look forward to welcoming them to these new locations.”

Drexler, a 15-year NBA veteran who retired from the league in 1998, is an NBA champion, 10-time NBA All-Star, five-time All-NBA selection, and member of the NBA's 50^th and 75^th Anniversary Teams. He was inducted twice into the Naismith Memorial Basketball Hall of Fame, first in 2004 for his individual career and again in 2010 as a member of the United States Men's National Team at the 1992 Olympic Games in Barcelona, Spain.

There are more than 400 NBA-branded, licensee-operated, retail stores and attractions worldwide that serve as the league's official destinations for fans around the world. NBA fans in Angola, Botswana, the Democratic Republic of the Congo, Lesotho, Malawi, Mauritius, Mozambique, Namibia, the Seychelles, South Africa, Swaziland, Tanzania, Zambia and Zimbabwe can continue to shop online at NBAStore.Africa (https://apo-opa.co/47LGv4x).

Earlier this month, the Basketball Africa League, a partnership between the International Basketball Federation (FIBA) and NBA Africa, announced that the league's fourth season will tip off in March 2024 in South Africa. Fans can register their interest in tickets to games at BAL.NBA.com (https://BAL.NBA.com/).

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; and Lagos, Nigeria. The NBA has a long history in Africa and opened its African headquarters in Johannesburg, South Africa in 2010. 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, an NBA Store, the BAL, and more. Last year, NBA Africa reached more than eight million youth across the continent through basketball development, life-skills programming and social media engagement.

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 will tip off its fourth season in March 2024. Fans can follow @ NBA_Africa and @ theBAL on Facebook, Instagram, X and YouTube.

About Shesha:
The first Shesha store launched in Johannesburg, South Africa in 2005, and today features over 15 stores. The Shesha business is committed and passionate about street culture. The stores are dedicated to serve the community and fans with the freshest limited edition premium lifestyle and basketball merchandise. The Shesha stores offer a range of global and local brands, with a particular focus on footwear and headwear, and global collaborations across both lifestyle and basketball. Fans can follow @ shesha_fashion on Instagram, @ Shesha Lifestyle on Facebook, and @ SheshaLifestyle on Twitter, or visit their website – www.SheshaLifestyle.com

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22 November 2023

Innovative Solutions in Pumping and Wastewater Management

Location: MyPR

In challenging environments around the globe, the need for advanced pumping and wastewater management solutions is paramount. Companies specialising in this field provide innovative and custom-built equipment to address the diverse requirements of various industries. Comprehensive Product Range These companies offer a wide range of equipment, including centrifugal solids handling pumps, self-priming pumps, slurry …

22 November 2023

BRICS nations call for immediate and sustained humanitarian truce in Gaza

Location: News

BRICS nations call for immediate and sustained humanitarian truce in Gaza

The BRICS group of nations has strongly called for an immediate and sustained humanitarian truce leading to a cessation of hostilities in the situation in the Middle East.

President Cyril Ramaphosa, as Chair of the BRICS group of nations, convened a BRICS Extraordinary Joint Meeting on Tuesday to exchange views on the current situation in Gaza and other Palestinian Occupied Territories as well as its spillover effects.

Leaders of BRICS countries - Brazil, Russia, India and China - joined the virtual Extraordinary Meeting with invited BRICS leaders of Saudi Arabia, Argentina, Egypt, Ethiopia, Iran and the United Arab Emirates.

“We called for an immediate, durable, and sustained humanitarian truce leading to a cessation of hostilities. We reiterated our strong support for regional and international efforts aimed at achieving an immediate cessation of hostilities, ensuring the protection of civilians and the provision of humanitarian aid,” a statement from the Presidency read.

The Chair’s summary of the Extraordinary Joint Meeting of BRICS stated that the leaders expressed their deep concern at the latest escalation of violence since the 7 October 2023 attack and the grave deterioration of the situation in the region, “in particular, the dire humanitarian situation in Gaza and the rest of the Occupied Palestinian Territory, including East Jerusalem and in Israel”.

All nations further condemned acts of violence aimed at Palestinian and Israeli civilians, including war crimes, indiscriminate attacks and targeting of civilian infrastructure, as well as all acts of provocation, incitement and destruction.

“We emphasised that civilians must be protected, in accordance with international humanitarian law and international human rights law,” the leaders stressed.

The Chair further called the immediate and unconditional release of all civilians who are being illegally held captive, demanding that their safety, and well-being are guaranteed, and that humane treatment is accorded to them in compliance with international law.

The leaders also stressed the need to pursue accountability saying, “we must ensure that independent and transparent investigations are conducted in accordance with international standards”.

Furthermore, the nation’s jointly condemned any kind of individual or mass forcible transfer and deportation of Palestinians from their own land.

Many leaders reiterated that the forced transfer and deportation of Palestinians, whether inside Gaza or to neighbouring countries, constitute grave breaches of the Geneva conventions and war crimes and violations under International Humanitarian Law.

The leaders further reiterated the need for full respect of international humanitarian law and the need for full, immediate, safe, unhindered, and sustained humanitarian access and the provision of aid in accordance with the basic principles of humanity, neutrality, impartiality and independence established in UNGA resolution 46/182.

“We reiterated our commitment to the peaceful resolution of differences and disputes through dialogue and inclusive consultations in a coordinated and cooperative manner and support all efforts conducive to the peaceful settlement of crises,” the statement read.

Moreover, the leaders reaffirmed their commitment to the basic principle that peace and security in the Middle East should be achieved and sustained in accordance with, and in full respect for, international law and the United Nations Charter.

They also reaffirmed the primary role of the UNSC in maintaining international peace and security. We joined other global leaders in welcoming the adoption of UNSC resolution 2712 on 15 November 2023 under China's UNSC Presidency and called for its full implementation.

The BRICS leaders acknowledged the important role played by relevant international and regional organisations, including the League of Arab States and the Organisation of Islamic Cooperation, in addressing threats to peace and security in accordance with Chapter VIII of the UN Charter.

They further welcomed the briefing by the Kingdom of Saudi Arabia on the outcomes of the Joint Extraordinary Arab and Islamic Summit held in Riyadh on 11 November 2023. They also welcomed the efforts led by President Abdel Fattah El-Sisi, in hosting the Cairo Peace Summit.

“We emphasised the importance of preventing further destabilisation and escalation of violence, including the spill over of the conflict in the region and called upon all parties to exercise maximum restraint and, upon all those with influence on them, to work toward this objective.

“We reaffirmed that a just and lasting solution to the Israeli-Palestinian conflict can only be achieved by peaceful means,” the statement read.

The Chair called for the international community to support direct negotiations based on international law including relevant UN Security Council and General Assembly resolutions and the Arab Peace Initiative, towards a two-state solution, leading to the establishment of a sovereign, independent and viable State of Palestine. – SAnews.gov.za

DikelediM
Wed, 11/22/2023 - 09:50

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22 November 2023

Raising South Africa’s Economic Prospects by Curbing Crime

Location: News

The World Bank Group
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The impact of crime on South Africa's economic prospects is high and broad-based, according to a World Bank report released today. The report aims to contribute to a better understanding of the impact of crime on South Africa's economic growth.

The research is intended to support the government in the design and implementation of policies to combat and mitigate the costs of crime on the economy and society. This aligns with the government's objectives to initiate reforms aimed at enhancing the fight against crime, as outlined by South Africa's President Cyril Ramaphosa, in the 2023 State of the Nation Address.

The fourteenth edition of the South Africa Economic Update, entitled Safety First: The Economic Cost of Crime in South Africa estimates that crime costs the economy at least 10 percent of Gross Domestic Product (GDP) annually, in terms of stolen property; protection costs – encompassing security and insurance; and missed economic opportunities. The report investigates the economic impact of high crime rates on households, businesses, and the public sector, focusing on economically motivated crimes. The study is informed by official statistics from South Africa, and as well as data recognized in international sources.

"With this new edition of the Economic Update, the World Bank aims to contribute to the policy debate and support the government's action to reduce the incidence of crime, by quantifying its economic impact. This comes at a time when South Africa needs to address structural constraints that have locked the economy in a low growth-low employment trajectory,” says Marie Francoise Marie-Nelly, World Bank Country Director for South Africa, Eswatini, Botswana, Lesotho, and Namibia.

The prevalence of crime in South Africa remains a pressing concern, particularly due to high rates of violent offenses. With a consistent ranking among the top five countries globally for homicide rates, addressing this issue is crucial. Domestic organized crime is also increasing, including theft of key infrastructure networks.

The economy is on a low growth–low employment trajectory, with persistent poverty. Real growth in the gross domestic product (GDP) has been trending downward since the global financial crisis (2008–09), and GDP per capita has contracted on average since 2015. Socioeconomic outcomes have been weak, with high unemployment, poverty, and inequality. Structural constraints, especially the deepening electricity crisis and the transport bottlenecks, have exacerbated these problems. Medium-term prospects are weak, with real GDP growth estimated at 0.7 percent in 2023 and projected to average 1.5 percent annually over 2024-2026. Unemployment and poverty are projected to remain elevated. In this context, confronting the problem of crime and its socioeconomic costs is critical.

Government has put fighting crime at the forefront of its policy priorities. This study underscores the need for multi-faceted actions. Addressing crime is complex and requires long-term efforts, but past experiences in South Africa and abroad suggest that targeted, well-designed, and implemented policies can be prioritized for effective crime reduction over the short and medium term. Such policies and measures include law enforcement measures, regulatory reforms, and targeted violence prevention interventions. These are consistent with the government's current priorities. The report also highlights that sustainably reducing crime requires addressing root causes linked to socioeconomic challenges, including poverty and unemployment.

Distributed by APO Group on behalf of The World Bank Group.

22 November 2023

NBA Africa and Forest Whitaker Unveil Refurbished Basketball Court in Cape Town, South Africa

Location: News

Whitaker Peace & Development Initiative Founder and CEO Forest Whitaker Attends Launch Event; new Court Will Host Year-Round Youth Basketball Development Programming and Serve Broader Athlone Community .

NBA Africa and Whitaker Peace & Development Initiative (WPDI) Founder and CEO Forest Whitaker yesterday unveiled a newly refurbished basketball court at Cornflower Sports Grounds in Athlone, Cape Town, South Africa that will host year-round youth basketball development programming and serve the broader Athlone community.

The court was unveiled at a ribbon cutting ceremony by Whitaker, Deputy Mayor of Cape Town Eddie Andrews, and NBA Africa CEO Victor Williams. Following the ceremony, approximately 100 boys and girls aged 10-15 participated in a Jr. NBA clinic and peace activity led by the WPDI Youth Peacemakers Network, WPDI's flagship program that fosters young leaders in conflict regions.

In addition to year-round Jr. NBA programming, the court will also host activities as part of WPDI's Peace Through Sports program, an initiative designed to foster peace and harmony in marginalized communities through sports and peacebuilding training courses.

“Inaugurating this basketball court is a turning point in the development of our programs in the Cape Flats,” said Whitaker. “Its goal is to nurture healthy bodies and healthy minds, providing the children and the youths of the community with a safe space where they can strengthen their stamina and their character. It is a place that will cultivate future NBA champions. When youth play basketball here, I want them to have a lot of fun, but I also want them to know that each dribble can take them towards a better life — for their community, for Cape Town, and one day perhaps even for the world.”

“We're excited to unveil this beautiful basketball court with the City of Cape Town and Forest Whitaker, which builds on our previous initiatives to provide more young people in South Africa with safe spaces to learn and play the game,” said Williams. “The City of Cape Town shares our commitment to using the game to positively impact young people here, and we look forward to collaborating further on Jr. NBA and other youth development programming in the city.”

The Jr. NBA, the league's global youth basketball participation program for boys and girls, teaches the fundamental skills as well as the core values of the game at the grassroots level in an effort to help grow and improve the youth basketball experience for players, coaches and parents. Jr. NBA programming has directly reached more than 165,000 youth across 18 African countries, including through the Jr. NBA Johannesburg League and the Royal Bafokeng Jr. NBA Program in North West, South Africa.

Earlier this month, the Basketball Africa League (BAL), a partnership between the International Basketball Federation (FIBA) and NBA Africa, announced that the league's fourth season will tip off in March 2024 in South Africa. Fans can register their interest in tickets at BAL.NBA.com.

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

Contacts:
Pawel Weszka,
NBA Africa PR & Communications,
pweszka@nba.com,
+27 71 899 6791

Valentine Goret,
WPDI Chief of Staff,
valentine@wpdi.org,
+33 6 45 71 16 27

About the Whitaker Peace & Development Initiative (WPDI):
The Whitaker Peace & Development Initiative (WPDI) is a non-governmental organization with an international scope and reach, founded in 2012 by the artist, social activist and UNESCO Special Envoy for Peace, Forest Whitaker. WPDI is committed to fostering peace, gender equality, sustainability and resilience in countries and places affected by violence, poverty and marginalization. In Africa, Europe, as well as Latin and North America, WPDI develops a wide range of programs aimed at training and supporting underprivileged individuals and groups, with a particular focus on youth and women, enabling them to become empowered as mediators, educators, entrepreneurs, and leaders, fostering positive transformation within their communities and beyond.

WPDI launched its programs in the Cape Flats in 2019. Since then, it has impacted over 48,500 people, trained 360 youth peacemakers from the townships, provided training to 24,235 pupils and teachers from 89 schools, and supported the launch of 66 youth-led and women-led businesses.

More information on www.WPDI.org, X (@ connectWPDI (https://apo-opa.co/3sJLEva)) and Instagram (@ whitaker_peace (https://apo-opa.co/3uyrBQF)).

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22 November 2023

Zim Cyber City is open to investors

Location: News

In a momentous event held in Johannesburg, South Africa, Mulk International and Zimbabwe Global Investments proudly introduced the world-class and groundbreaking property development, Zim Cyber City (https://apo-opa.co/3R8GJxg). The unveiling, attended by media, prospective investors, and potential partners, signifies a noteworthy milestone in the official global launch of this visionary project.

Ms. Tendayi Hlupo-Mamvura, CEO of Zim Cyber City, took center stage during the unveiling event, passionately articulating the immense opportunities and transformative impact that this development will bring to Zimbabwe and the broader African investment landscape. Positioned as a catalyst for local prosperity and an international investment hub, Zim Cyber City is set to redefine Africa's narrative as a center for innovation, sustainability, and lucrative opportunities.

In her address, Ms. Hlupo-Mamvura emphasized the urgent need for Africa to cultivate opportunities for its own people, fostering growth and success through cutting-edge facilities in retail, residential, and business sectors. She articulated a bold vision for Zim Cyber City, aiming to create a 'Dubai of Africa' that stands as a testament to innovation, sustainability, and economic incentives.

The launch of Zim Cyber City marks the official opening for investors in search of an unparalleled combination of opulent living and innovative business opportunities.
Proudly presented by Mulk International and its visionary Founder/Chairman, Mr. Shaji Ul Mulk, this $500 million real estate venture invites African and International investors to explore a spectrum of opportunities in the vibrant Mount Hampden region.

From high-end residential real estate to state-of-the-art commercial offices and retail spaces, Zim Cyber City stands as a world-class property development offering prime investment choices. This iconic landmark project is set to elevate Africa's profile on the international investment map.

Zim Cyber City encapsulates the epitome of luxury, serenity, and security, presenting investors with an array of options, including lavish villas, luxurious townhouses, and a duty-free mall as well as a multitude of benefit and incentives such as, pre-approved mortgage in USD, transactions fixed in USD, a tax-free period of 5 years, followed by a flat 15% tax thereafter, to mention a few.

The development is characterized by its architectural brilliance, international sophistication, state of the art smart technology and commitment to sustainable construction practices, establishing a distinctive advantage in the fiercely competitive real estate market.

Mulk International Real Estate's meticulous planning and dedication have culminated in this iconic landmark, firmly placing Africa on the international investment radar. The project's security and credibility are underscored by the approval from Zimbabwe Global Investments (ZGI) operating under the Special Economic Zone (SEZ), and the endorsement of the project by His Excellency Emmerson Mnangagwa, the President of Zimbabwe.

For investors seeking a transformative and lucrative venture, Zim Cyber City represents a golden opportunity to partake in the future of Zimbabwe's and of Africa's thriving real estate landscape.

In a virtual personal message to the attendees of today's event, Mr. Shaji Mulk extended a warm welcome to his guests and stated that Mulk International, is committed to delivering through the special economic status channel of Zimbabwe Global Investments, a world-class property development; he said “We have worked diligently to understand the market and gain greater insight into Zimbabwe's culture and its bountiful opportunities. The depth of resources and advanced digital capabilities across industries gives Zim Cyber City concrete, long-term investment growth prospects."

Mulk International's first venture into Africa signifies a crucial step into African investment, leveraging the continent's breathtaking locations and unparalleled growth prospects.
Zim Cyber City, presents a unique African investment opportunity, seamlessly integrating technology, security, and sophistication, Zim Cyber City invites you to invest in your future amidst the promising landscape of Africa—a strategic move that positions Mulk International at the forefront of pioneering opportunities on the continent.

Distributed by APO Group on behalf of Zim Cyber City.

For Media Enquiries please contact:
Lauren Mark +27 (78) 461 0219 | lauren.media@icloud.com
Chesney Roelofsz +27 (84) 502-2769

For Zim Cyber City Investment and Sales queries please contact:
Tafadzwa Tawazadza +263 774 514 444
Email: info@zimcitycity.com or at info@zimglobalinvest.com

About Mulk International:
Mulk International is a global enterprise known for innovation and excellence. We are a diversified business interests with operations in 11 countries and market reach of 90 countries. With a strong presence in real estate, sustainable energy, and sports, we are committed to driving progress and providing tailored solutions. Our initiatives in Africa, like Zim Cyber City, demonstrate our vision for sustainable development. We leverage cutting-edge technology and socially responsible practices to make a global impact while emphasizing quality, sustainability, and community development.
See our website for more information.

About Zimbabwe Global Investments:
Zimbabwe Global Investments is responsible for managing Zim Cyber City, aiming to create a significant and innovative real estate presence in Zimbabwe. This development has garnered attention for its scale and ambition, potentially offering lucrative investment opportunities in Zimbabwe's real estate market. The development encompasses a 2.5 million square foot space in Mount Hampden and includes luxury villas available for pre-selling in the first phase. Zim Cyber City is regarded as one of the most captivating real estate projects on the African continent.

About Zim Cyber City:
Zim Cyber City is a significant real estate development project in Zimbabwe aimed at creating a self-contained intelligent city with high-quality infrastructure. This project has generated global interest due to its innovative approach. The city is designed to be a hub of modern technology and urban development, emphasizing both residential and commercial spaces. The construction of villas in Zim Cyber City is set to begin, marking progress in this ambitious development.

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22 November 2023

Expectant moms urged to access antenatal care early

Location: News

Expectant moms urged to access antenatal care early

The Department of Health has urged all pregnant women to access antenatal care as early as possible and to follow a healthy lifestyle including avoiding smoking, drinking alcohol or using illegal drugs during pregnancy.

This, according to the department, will reduce the risk of preterm labour and premature birth, which is the leading cause of death in children under the age of five.

November is World Prematurity Month, a global movement to raise awareness of premature birth and the devastating impact it can have on families.

The department, in collaboration with various stakeholders, will host a hybrid event on Wednesday as part of sustained efforts to end preventable preterm births by ensuring pregnant women have full-term pregnancies and healthy babies.

Statistics show that about 15 million or one in 10 children babies globally are born preterm each year.

In South Africa, the department said an average of 15% or one in seven babies of all births are born prematurely annually.

Approximately 84 000 preterm infants are born in South Africa each year and 10% of premature infants are at increased risk of death and various other complications including respiratory, neurological and eye morbidities compared with full-term infants.

Pre-term is defined as babies born alive before 37 weeks of pregnancy are completed.

There are sub-categories of preterm birth, based on gestational age, and these include extreme cases of infants born less than 28 weeks and very pre-term of 28 to less than 32 weeks.

“It is recommended that pregnant women should attend all antenatal care visits or appointments throughout their pregnancy periods to enable the health professionals to monitor and assess the state of health of both the mother and unborn child to identify early signs and symptoms of manageable and life-threatening complications,” the department said.

These, according to the department, include pre-eclampsia, urinary tract infections and gestational diabetes.

The data shows that South Africa ranks 24th out of 184 countries with a high number of newborn deaths around the world due to complications from preterm birth.

The department, working with various stakeholders has developed strategies, programmes and other interventions to effectively manage complications and prevent avoidable deaths linked to prematurity in the country as part of a broader under-five child mortality prevention plan.

These comprise award-winning MomConnect – a cellphone-based technology with over 4.5 million subscribers, developed to create a platform to support pregnant women with health promotion messages translated into official languages to improve their health and that of their infants.

The other intervention is an early childhood development radio campaign called Side-by-Side, which reaches about 5.7 million audiences weekly through 11 SABC African language radio stations and social media platforms.

The recommendations as outlined in the Saving Mothers and Babies reports, include guidance on the management of conditions such as hypertensive disorders of pregnancy and infections, as well as management of preterm delivery for the mother-baby pair.

“The country will continue to implement programmes and initiatives to protect children against vaccine-preventable diseases including improvement of the Integrated Management of Childhood Illnesses (IMCI) services.”

Meanwhile, the country made a declaration of exclusive breastfeeding for all mothers including those living with HIV to exclusively breastfeed their babies for six months and to continue breastfeeding for at least 24 months.

Although the under-five mortality rate has declined from 74.7 per 1 000 live births in 2002 to 30.7 per 1000 live births in 2022, and infant mortality from 55.2 per 1 000 live births to in 2002 and 24.3, the department believes more still needs to be done to ensure that children reach their full potential in the country.

“The department has also intensified sexual reproductive health to improve access to effective contraception methods to reduce unintended pregnancies, unsafe abortions, and reproductive health complications, especially amongst girls and young women.” – SAnews.gov.za

Gabisile
Wed, 11/22/2023 - 09:33

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22 November 2023

NBA Africa’s First Original Docuseries “Born & Bred” Premieres on the NBA App

Location: Sport

Five-Part Series Tells the Stories of Five NBA Academy Africa (https://www.NBA.com) Prospects from Angola, Egypt, Nigeria, Senegal, and South Sudan; First Two Episodes “Basketball Chose Me” and “Dunk at First Sight” Feature Nigeria's Rueben Chinyelu and Angola's Aginaldo Neto.

NBA Africa today announced that its first original documentary series “Born & Bred” will premiere on the NBA App today. The five-part series tells the stories of five current and former NBA Academy Africa prospects from Angola, Egypt, Nigeria, Senegal, and South Sudan through exclusive footage and interviews with the prospects, family members, friends, and coaches.

“Born & Bred,” which features Nigeria's Rueben Chinyelu, Egypt's Seifeldin Hendawy, South Sudan's Khaman Maluach, Senegal's Khadim Rassoul Mboup, and Angola's Aginaldo Neto, spotlights each prospect's basketball journey, including the communities where they were raised and the moments that have shaped them as players and young men.

Four of the prospects – Chinyelu, Hendawy, Mboup and Maluach – also competed in the 2023 Basketball Africa League (BAL) season as part of the BAL Elevate program, which provides an opportunity for the next generation of African prospects to participate in a professional league, showcase their talent on a global stage, and help their respective teams compete for the BAL Championship.

The first two episodes will be available beginning today. “Basketball Chose Me” featuring Chinyelu will be available free on the NBA App. “Dunk at First Sight” featuring Neto and the remainder of the series will be available exclusively via NBA League Pass, the league's premium live game subscription service. The final three episodes will be available weekly beginning Monday, Nov. 27.

“We're thrilled to launch “Born & Bred”, a first-of-its-kind initiative for NBA Africa that will showcase the inspirational stories of prospects from across the continent who have come to NBA Academy Africa to take the next step in their basketball development journeys and lives,” said NBA Africa Head of Basketball Operations Franck Traore. “Each of these players has a unique story, but they all share one common purpose – to get better every day as athletes, students and leaders. We look forward to showcasing their amazing stories to a global audience through the NBA App and NBA League Pass.”

“I never would've thought that the game would take me this far,” said Chinyelu. “While I know I've got plenty more work to do and many more goals to accomplish, I am grateful to my family, friends, coaches and teammates for taking part in this project, and I hope it provides motivation to other young players to search for their passion and follow their dreams.”

“Born & Bred” episodes:

Episode 1 (Nov. 21): “Basketball Chose Me” features Reuben Chinyelu, a 19-year-old power forward from Lagos, Nigeria who is entering his freshman season with Washington State University. During his time at NBA Academy Africa, Chinyelu participated in several international showcases and events, including the 2022 NBA Academy Games in Atlanta, where he led NBA Academy Africa to a first-place finish. During the 2023 BAL season, he helped lead Stade Malien (Mali) to a third-place finish after averaging the second-most rebounds and blocks on the team. Chinyelu is a natural leader and has interest in art, creative writing and photography.

Episode 2 (Nov. 21): “Dunk at First Sight” features Aginaldo Neto, a 17-year-old guard from a closely knit community in Luanda, Angola. Neto kicked a ball before he bounced it, but he began playing street basketball after joining a local club in 2016. He would go on to win a championship in his first Jr. NBA tournament in 2018. Four years later he joined NBA Academy Africa and represented the Angola Men's National Team at the 2022 FIBA U-18 African Championship.

Episode 3 (Nov. 27): “From Generation to Generation” features Seifeldin Hendawy, an 18-year-old forward from Cairo, Egypt. Hendawy's love for basketball is deeply rooted in his family history, with both of his parents having played the game. Since joining NBA Academy Africa in 2021, Hendawy has represented his country at several international tournaments, including the NBA G League Showcase. He most recently played for Petro de Luanda (Angola) during the 2023 BAL season.

Episode 4 (Dec. 4): “Discipline Meets Opportunity” features Khadim Rassoul Mboup, a 16-year-old forward from Senegal who joined NBA Academy Africa following the 2021 FIBA Africa Regional Youth Camp in Saly, where he was named camp MVP. With hopes of following in his brother's footsteps, the Senegalese forward participated in the 2022 and 2023 NBA Academy Games as well as several tournaments across Africa. He played for then defending BAL champion Zamalek (Egypt) during the 2022 BAL season.

Episode 5 (Dec. 11): “Destined for Greatness” features Khaman Maluach, a 17-year-old center who this year became the third-youngest player in history to participate in the FIBA Basketball World Cup, where he helped his native South Sudan clinch its first Olympic berth. Maluach, who only first picked up a basketball at age 13, proves to be a force in the paint and along the perimeter, drawing interest from several NCAA Division I schools in the U.S. Born in South Sudan and raised in Uganda, the 7'2'' prospect was named MVP of the 2023 Basketball Without Borders Africa camp in Johannesburg. In May, he helped AS Douanes (Senegal) advance to its first BAL Finals.

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 35 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/3GaKHiI).

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

Contact:
Pawel Weszka,
NBA Africa Communications,
pweszck@nba.com,
+27 10 007 2666

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