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You are here: Home / Archives for Investing

Investing

26 March 2025

Uganda: Deputy Speaker Tayebwa Calls for More Funds for Child Disability Benefit

Location: News

Parliament of the Republic of Uganda
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Uganda is set to introduce a National Child Disability Benefit to support families raising children with disabilities.

This was the focus of the National Child Benefit High-Level Dialogue Meeting organized by the Ministry of Gender, Labour and Social Development in partnership with UNICEF and held at the Kampala Sheraton Hotel on Wednesday, 26 March 2025.

The event, themed “Towards inclusive social protection: exploring a child disability benefit for Uganda,” brought together government officials, legislators, and development partners.

Deputy Speaker of Parliament, Thomas Tayebwa, emphasized that disability support is a right, not a privilege, and criticized the Shs3 billion initial allocation, calling it inadequate and urging the government to commit at least Shs10 billion to the initiative.

“If we are to start this as a fund, let's be serious. It would be a betrayal to the disability movement to allocate such a small amount,” Tayebwa stated.

He praised the Ministry of Gender for its efforts in supporting vulnerable groups but raised concerns about the potential misuse of funds by irresponsible parents.

“This money should improve the welfare of children, not serve as compensation for parents,” he cautioned.

Gender Minister Betty Amongi explained that families caring for disabled children face extra financial burdens, with 50 percent  of such households living in extreme poverty.

“This benefit will help cover costs like transport, medicine, and rehabilitation support. A child with disabilities requires more financial support than their siblings,” she said.

She also highlighted the gendered impact of caregiving, noting that many fathers abandon mothers of disabled children, leaving them to shoulder the burden alone.

State Minister for Disability Affairs, Hellen Asamo, urged a shift in societal attitudes, recalling her own struggles growing up with a disability.

“I didn't go to school like my siblings—I was given a shortcut. We must stop thinking for people with disabilities and instead ask them what they need,” she said.

She warned against overprotection and exclusion, emphasizing the need for inclusive policies.

Aggrey Kibenge, Permanent Secretary at the Gender Ministry, reaffirmed the government's commitment to disability inclusion, outlining plans for regular cash transfers to families as part of the benefit.

UNICEF Country Representative, Robin Nandy, praised Uganda's social protection efforts, highlighting the economic benefits of investing in disability support.

“Every shilling invested in a child disability benefit can generate up to Shs2.5 in the economy,” he noted.

Uganda aims to learn from countries like Kenya and South Africa, which have successfully implemented similar programmes. Parliament, through the Deputy Speaker and attending MPs, pledged full support to ensure children with disabilities receive the care and assistance they need.

Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

Read moreUganda: Deputy Speaker Tayebwa Calls for More Funds for Child Disability Benefit
25 March 2025

UN Tourism Launches Investment Guidelines: “Tourism Doing Business: Investing in Namibia”

Location: News

World Tourism Organization (UN Tourism)
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UN Tourism has presented its “Tourism Doing Business” guidelines, focused on the opportunities for international investors in Namibia's burgeoning tourism sector

“Tourism Doing Business Investing in Namibia” aims to attract potential investors and provides essential insights into the vibrant opportunities within Namibia's tourism sector. The guidelines showcase Namibia's unique cultural heritage, robust economy, and supportive business environment, highlighting areas of potential significant growth in the years ahead.

Namibia: A thriving tourism ecosystem

Namibia, known for its breathtaking landscapes and rich cultural heritage, is poised for significant growth in tourism investment. With its unique positioning as a gateway to Southern Africa, the country offers a diverse array of attractions, from the iconic dunes of Sossusvlei to the remarkable wildlife of Etosha National Park. According to UN Tourism's guidelines:

  • Namibia has demonstrated steady economic growth and stability. In 2024, the country recorded GDP growth of 3.1%, which is projected to rise to 4.2% in 2025.
  • The country is also growing as a tourism destination. Namibia welcomed 863,872 international visitors in 202, an 87.4% increase on 2022
  • The tourism sector contributed 6.9% to GDP, generating USD 348 million in international tourism receipts in 2023.
  • Namibia has experienced remarkable growth in Foreign Direct Investment (FDI), with inflows reaching USD 2.61 billion in 2023—a significant increase from USD 1.06 billion in 2022. Major contributors to FDI include China (29.6%), South Africa (22.4%), the United Kingdom (9.4%), and Mauritius (6.8%).

UN Tourism Secretary-General Zurab Pololikashvili says: “Namibia's diverse investment opportunities and its dedication to sustainable growth make it an interesting destination for global investments. The country's efforts in energy transition and tourism expansion reflect its commitment to innovation and inclusivity."

Highest level political support for tourism in Namibia

The Investment Guidelines were officially launched as part of a visit by the UN Tourism leadership to Namibia. In Windhoek, Secretary-General Pololikashvili was honored to attend the Inauguration of H.E Dr. Netumbo Nandi-Ndaitwah as Namibia's 5th President, and the first woman to hold the office. The inauguration coincided with celebrations of the 35th Anniversary of Independence for the country.

Secretary-General Pololikashvili also delivered a Keynote Address at the  Namibia University of  Science and Technology as part of a special day focused on harnessing the power of technology to build a more inclusive and resilient tourism sector across Africa.

Distributed by APO Group on behalf of World Tourism Organization (UN Tourism).

Read moreUN Tourism Launches Investment Guidelines: “Tourism Doing Business: Investing in Namibia”
25 March 2025

African Union and European Union Celebrate 25 Years of Strengthened Partnership

Location: News

African Union (AU)
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The African Union (AU) and the European Union (EU) launched a year-long celebration marking the 25th anniversary of their enduring and unique partnership, since the first Africa-Europe Summit on 3-4 April 2000 in Cairo.

This milestone, aligned with the Africa Agenda 2063 and the Global Gateway Investment Package for Africa, underscores the powerful impact of two unions representing over 1.9 billion people and accounting for more than 40% of the UN's membership.

In the lead-up to the Ministerial Meeting on 21 May 2025, in Brussels, gathering over 80 governments and the new leadership of both AU and EU, a series of anniversary initiatives will be promoted. These will include joint outreach explaining the development of the partnership and concrete results and open dialogues on shared challenges. These activities will pave the way for the 7th African Union-European Union Summit to be hosted in Africa later this year.

The 25th anniversary will highlight the strategic alignment of the AU-EU partnership around the four central pillars of the Joint Vision for 2030 adopted by African and European leaders at their Summit in 2022.

Key Pillars of the AU-EU Partnership:

1. Prosperity: a prosperous and sustainable Africa and Europe

The AU and EU are committed to fostering regional economic integration and sustainable growth, bringing together people, regions, and organisations. The Global Gateway Africa-Europe Investment Package , actively supports the implementation of the Africa Agenda 2063. The EU is Africa's first trading partner and AU and EU work together on sustainable trade and investment that create growth and jobs, as well as, on accelerating the green and digital transitions strengthening health systems and improving education and skills.

2. Peace, Security and Governance: Partnering for Stability

The AU and EU are committed to a joint approach to peace, security, and governance, recognising that stability, the rule of law and democratic institutions are fundamental for sustainable development. Under the African leadership, the EU is an active and long-term partner for peace with civilian and military training and security missions and for the African Peace and Security Architecture (APSA).

3. People: Investing in Human Development

Human development remains at the core of the AU-EU partnership. Joint initiatives on migration and mobility, education, culture, exchange opportunities, social inclusion and humanitarian affairs, empower people, especially women and youth, to build prosperous and inclusive societies. The EU and the AU are committed to the rule of law, good governance, democratic principles, respect for human rights, gender equality, and justice.

4. Planet: A Global Force for Multilateralism and Sustainability

Representing more than 40% of the UN's membership, the AU and EU are a formidable force for strong support for the multilateral system, with the UN Charter at its core, and for environmental sustainability. Both are working to increase the legitimacy and effectiveness of the multilateral system: cooperation within the G20, chaired by South Africa, and the Pact for the Future are two examples. Together, they are driving global action to promote shared fundamental values and to address climate change and protect the planet.

Distributed by APO Group on behalf of African Union (AU).

Read moreAfrican Union and European Union Celebrate 25 Years of Strengthened Partnership
24 March 2025

AEW 2025 to Host NOC-IOC Forum in Cape Town

Location: Business

African Energy Chamber
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This year's African Energy Week (AEW): Invest in African Energies conference will debut the first-ever National Oil Company (NOC) and International Oil Company (IOC) Forum, a dynamic platform that brings key public and private sector stakeholders into direct conversation to drive investment, secure new deals, foster local capacity building and advance exploration.

A key focus of the forum will be enhancing collaboration in the exploration, development and production of hydrocarbon resources across the continent, with an emphasis on data sharing and joint decision-making to unlock untapped potential. In South Africa, TotalEnergies is preparing to drill its first exploration well on Block 3B/4B, leveraging 14,000 km of 2D seismic and 10,800 km² of 3D seismic, with a large set of exploration prospects already identified. In Angola, Sonangol is ramping up offshore exploration on Block 6/24, focusing on geological and geophysical studies and seismic data reprocessing to assess the block's resource potential, which includes a possible commercial oil discovery. Meanwhile, in Equatorial Guinea, GEPetrol has partnered with Panoro Energy on Block EG-23, conducting subsurface studies to evaluate the block's potential, with the possibility of drilling an exploration well.

In parallel, new market activity is reshaping Africa's exploration landscape, as both NOCs and IOCs pursue strategic acquisitions, partnerships and project expansions. Chevron has strengthened its presence in Equatorial Guinea by securing PSCs for two highly prospective offshore blocks. In October 2024, Brazilian NOC Petrobras acquired a 10% stake in the offshore Deep Western Orange Basin in South Africa as part of its strategy to boost reserves and expand its footprint in Africa's emerging oil and gas markets. Last month, Chinese state-backed company Sinopec signed an $850 million contract with Algerian NOC Sonatrach for exploration and development, securing a PSC covering the Hassi Berkane North license. Sonatrach is also in discussions with Eni, TotalEnergies, Chevron and ExxonMobil for exploration and development activities in the region. The NOC-IOC Forum will provide a key platform to examine these developments, fostering discussions on how public and private sector cooperation can accelerate exploration, attract capital and unlock new resource opportunities.

The NOC-IOC Forum will also focus on forging new partnerships to drive capacity-building programs and facilitate knowledge-sharing, empowering local talent in the oil and gas sector. The National Petroleum Corporation of Namibia (NAMCOR) has been active in establishing partnerships to support the country's goal of producing first oil by year-end. This includes a collaboration with QatarEnergy focused on providing training and development opportunities for NAMCOR employees in industry-specific skills. In October 2024, NAMCOR also signed an agreement with global technology company SLB to improve operational performance in decarbonization, green hydrogen and sustainable energy, with an emphasis on local capacity development. Meanwhile, Mozambique's Empresa Nacional de Hidrocarbonetos is investing in specialized offshore drilling services, reinforcing the state's involvement in the country's oil and gas projects through an agreement with Italian multinational oilfield services company Saipem.

Additionally, the NOC-IOC Forum will facilitate the exchange of insights on regional and global energy regulations, helping participants navigate the evolving energy landscape. In the Republic of Congo, Société Nationale des Pétroles du Congo is working closely with private sector companies and IOCs to gather input for its upcoming Gas Master Plan, as well as developing a new gas code aimed at modernizing the regulatory framework to attract foreign investment. This push for regulatory improvements has driven increased IOC activity in the country, with Eni advancing the second phase of its $5 billion Congo LNG project and TotalEnergies committing $600 million to expand its E&P operations, specifically in the deep offshore Moho Nord Field.

The NOC-IOC Forum offers a strategic platform for both African NOCs and IOCs to present their exploration strategies, access available acreage and showcase ongoing energy developments. By facilitating direct engagement across sectors, the forum will drive insightful exchanges on sharing data and insights to improve decision-making, optimizing operational efficiencies and unlocking new investment opportunities. These discussions will ensure that partnerships are mutually beneficial, aligning national development goals with commercial objectives while fostering a more integrated and strategic approach to Africa's energy future.

“The launch of the first-ever NOC-IOC Forum at AEW 2025 marks a pivotal moment for Africa's energy sector. By positioning key national and international stakeholders in direct dialogue, the forum aims to drive investment, foster collaboration and empower local talent. This is an exciting opportunity for both NOCs and IOCs to present their strategies, forge new partnerships and contribute to the sustainable development of Africa's hydrocarbon sector,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Distributed by APO Group on behalf of African Energy Chamber.

Read moreAEW 2025 to Host NOC-IOC Forum in Cape Town
21 March 2025

Minister commits to better access to quality sporting facilities

Location: News

Minister commits to better access to quality sporting facilities

The Minister of Sport, Arts and Culture, Gayton McKenzie, has emphasised the importance of investing in school sports to provide young people with opportunities and prevent delinquency.

The Minister officially handed over a newly built multi-purpose sports facility at the James Ndulula Primary School on Friday, as part of the Human Rights Day commemorations in Kariega, Eastern Cape. 

The Deputy President Paul Mashatile was also present during the handover ceremony before his address at the main Human Rights Day event at the Derrick Ferreira Stadium. 

Speaking at the school, Minister McKenzie said: “I believe that a kid in sport is a kid out of court. We have many young people in conflict with the law because they have nothing to do. When we say we want to fix school sport, we have to start with facilities.”

“What you see here today is what you will see throughout the country. We are going to fix all the facilities where our children can train and play. It is their right to have proper facilities because when they get to university, they compete against children who come from top-paying schools and are at a disadvantage,” the Minister said. 

The Minister highlighted that human rights extend beyond physical rights and include access to quality sporting facilities. 

“The right to have good sporting facilities is also a basic human right for our children,” he stated.

He further committed to prioritising historically neglected areas in schools and ensuring a diverse range of sporting opportunities for learners. 

“I am going to concentrate on the areas that were neglected before. We are going to have tennis courts and all these other facilities in our schools going forward,” he said. – SAnews.gov.za

DikelediM
Fri, 03/21/2025 - 13:06
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Read moreMinister commits to better access to quality sporting facilities
18 March 2025

Deputy President stresses importance of coordinated approach to challenges

Location: News

Deputy President stresses importance of coordinated approach to challenges

Deputy President Paul Mashatile has stressed the need for a coordinated approach to peacebuilding and economic resilience.

This as he highlighted that the conflicts between Russia and Ukraine and conflicts in the eastern Democratic Republic of Congo, Sudan, in the Sahel, and in Gaza, continue to exert a heavy human toll while heightening global insecurity. 

The Deputy President was speaking at the United Nations University (UNU) in Tokyo, Japan on Tuesday. 

The UNU, in partnership with the Embassy of South Africa in Japan, is co-hosting a symposium exploring South Africa's G20 Presidency and steps to ensure solidarity, equality and sustainability for all. 

Touching on the deepening conflict and instability across Africa and the world, the Deputy President said this requires coordinated preventive action including dedicated intervention on peace building that is programmatic in nature.

“We are encouraged by the partnership between the United Nations University and the University of South Africa (UNISA) in cooperation with other relevant partner organisations to co-design and co-deliver required capacity building programmes for African leaders and mediators for resolving conflicts and blazing a path towards achieving peace, security and prosperity, “the Deputy President explained.

He further emphasised the urgent need for comprehensive, African-centred peace-building research and training programmes that span throughout Africa to address the urgent demand for capacity for conflict management and resolution, as well as society reconstruction.

G20 Presidency

“In our G20 Presidency, South Africa will continue to advocate for diplomatic solutions. Inclusive dialogue is the foremost guarantor of sustainable peace.
“South Africa has shown a firm resolve in its foreign policy by promoting principles of justice, solidarity, equality, peace, and respect, underpinned by its commitment to human dignity and leaving no one behind,” he said. 

This was the reason South Africa has placed solidarity, equality, sustainability at the centre of its G20 Presidency.

As part of South Africa’s G20 intention to place Africa’s development at the top of the agenda, Mashatile outlined four key priorities which are strengthening disaster resilience, ensuring debt sustainability for developing economies, mobilising finance for a just energy transition, and harnessing critical minerals for sustainable growth. 

“Our hosting of the G20 Finance Ministers and Central Bank Governors Meeting, and the Business 20 provided an opportunity for us to promote South Africa and Africa as a business and investment destination and for the country to take the lead on providing solutions to global economic challenges,” he said. 

He emphasised the country’s commitment to driving economic reforms, increasing investor confidence, and enhancing structural efficiencies in energy, water, and transport sectors.

“We believe that addressing structural concerns is essential to maintaining investor confidence and ensuring long-term economic stability. It is only by accelerating structural reforms and harnessing the power of the private sector that the country can sustain economic momentum and attract further foreign investment.

“As the South African government, we are implementing extensive structural, policy, and regulatory reforms to enhance the economy's performance,” he said. 

AI role in shaping Africa’s economic future

The Deputy President also emphasised the role of artificial intelligence (AI) and digital transformation in shaping Africa’s economic future, calling for greater collaboration between African institutions and international organisations. 

Quoting Professor Tshilidzi Marwala, he noted the need for South Africa to embrace AI while also ensuring ethical considerations remain central to its deployment. 

He urged institutions like UNU to partner with African universities to foster digital skills development and AI-driven innovation.

As the G20 Presidency has shifted to South Africa, the Deputy President said that AI has emerged as a key area of focus.

Through the G20 Presidency, he said the country aims to harness AI to advance the Sustainable Development Goals agenda and address global challenges.

“We encourage the United Nations University to work alongside Africa in the development of AI, which has the potential to considerably boost the continent's economies. You must cooperate with additional universities in South Africa and throughout Africa to help overcome digital barriers, promote equality, and support inclusive sustainable development,” he said. 

Mashatile added that African governments are also recognising the importance of the digital economy, which is heavily influenced by artificial intelligence. He noted that the digital economy and AI are becoming more important drivers of economic and social value creation throughout the world. 

“We are investing in digital infrastructure, skills development, and entrepreneurship to assist Africa's digital economy to expand,” he said. – SAnews.gov.za

 

DikelediM
Tue, 03/18/2025 - 14:36
98 views

Read moreDeputy President stresses importance of coordinated approach to challenges
18 March 2025

Alleged Eskom fraudster Michael Lomas granted R2 million bail

Location: News

Alleged Eskom fraudster Michael Lomas granted R2 million bail

Eskom fraud and corruption accused Michael Lomas, has been granted R2 million bail by the Johannesburg High Court.

Lomas appeared in court on Monday and is facing charges in relation to a R745 million payment made by Eskom to Tubular Construction Project.

The company was involved in the construction of Kusile Power Station, in Mpumalanga, where millions of rands were allegedly paid to Eskom officials in illegal gratuities for the awarding of lucrative contracts.

The British businessman, a former contractor for power utility Eskom, was extradited from the United Kingdom in September 2024 to face 65 counts of corruption

Spokesperson for the National Prosecuting Authority’s Investigating Directorate Against Corruption (IDAC), Henry Mamothame, said Lomas’ bail was granted under "stringent conditions".

The court ordered that his United Kingdom passport and his South African Identity Document be surrendered to the investigating officer. 

“[Lomas is] barred from applying for travel documents, reside at a care home where he will be provided with the necessary assistance, details of the home to be provided to the investing officer, source a smartphone with location monitoring facility to be monitored by the investigating officer and should not leave the Gauteng jurisdiction without informing the investigating officer,” Mathomane said.

Lomas has been indicted with 11 co-accused in the case, including Eskom’s former senior manager for capital contracts, France Hlakudi, former Eskom group executive for group capital Abram Masango, Tubular Construction Projects’ former chief executive, Antonio Trindade, and businessman Maphoko Kgomoeswana.

The trial is expected to commence in July 2026. – SAnews.gov.za

NeoB
Tue, 03/18/2025 - 08:05
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Read moreAlleged Eskom fraudster Michael Lomas granted R2 million bail
18 March 2025

Local procurement drives progressive change and creates jobs

Location: News

Local procurement drives progressive change and creates jobs

Local procurement is more than a policy instrument, it is a strategic lever that drives progressive change, creates jobs and ensures that belief in South African talent and resilience translates into tangible economic growth. 

This is according to Trade, Industry and Competition (dtic) Acting Director-General, Dr Malebo Mabitje-Thompson, who was speaking at the 13th annual Proudly South African Buy Local Summit and Exhibition, currently underway in Sandton, Johannesburg.

Speaking on behalf of Trade, Industry and Competition Minister, Parks Tau, Mabitje-Thompson underscored the critical role of local procurement in South Africa’s economic development and the need for a resilient domestic industry.

Reflecting on the Proudly South African campaign’s 24-year history, Mabitje-Thompson emphasised that buying local strengthens South Africa’s manufacturing sector and enhances the country’s ability to compete globally.

“We need to embrace local procurement for economic empowerment. Local procurement is more than a policy instrument, it is a strategic lever that drives progressive change, creates jobs, and ensures that our belief in South Africans' talent and resilience translates into tangible economic growth,” said Mabitje-Thompson.

She further emphasised the importance of ensuring that government agencies align with local procurement legislation, as demonstrated by entities such as Transnet, which have committed to investing in South African enterprises.

“When we procure locally, we bolster our economy and enhance its resilience. In a world where global supply chains are increasingly uncertain, it is vital that we can rely on our industries to supply our critical needs. 

“Local procurement is not about shutting out foreign markets, rather, it is about creating a foundation for sustainable economic growth that benefits all,” she said.

Mabitje-Thompson encouraged stakeholders to actively engage in discussions on policies that support industrial growth, including master plans, tariff measures and initiatives to combat illegal imports. 

She reiterated that while incentives and industrial financing play an essential role, they cannot replace the fundamental need for a strong and reliable domestic market.

The Buy Local Summit and Exhibition remains a pivotal platform for businesses, governments, and consumers to collaborate in fostering a thriving local economy. 

The dtic continues to support efforts that prioritise South African enterprises, ensuring their ability to grow and compete both locally and internationally. – SAnews.gov.za

 

Edwin
Tue, 03/18/2025 - 09:15
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Read moreLocal procurement drives progressive change and creates jobs
17 March 2025

Invest in ECD to shape the next generation, says President

Location: News

Invest in ECD to shape the next generation, says President

President Cyril Ramaphosa has advocated for universal access to Early Childhood Development (ECD) to ensure that every child has the opportunity to learn, grow and thrive by the age of five.

The President was delivering remarks at the official opening of the Bana Pele 2030 Roadmap Leadership Summit at Atlas studios, in Johannesburg. 

“Universal childhood development should have started 30 years ago…We are all here today because of our shared belief in the profound importance of Bana Pele – putting children first. 

“It is because of this shared vision that we unite and collaborate today, committed to ensuring that every child has the opportunity to learn, grow and thrive by the age of five,” the President said on Monday.

The President told the summit that government’s immediate focus is to extend access to early childhood development to every child calling it one of the most powerful tools for unlocking the nation's potential.

He emphasised that ECD extends beyond education, it is a key driver of economic growth.

“We recognise today that investing in ECD is not just about education. It is about shaping the next generation of skilled, capable and entrepreneurial citizens who will drive our economy forward. 

“Investing in ECD yields significant economic returns. Studies have shown that every rand spent on early childhood education can save up to seven rands in future costs associated with remedial education, social services and criminal justice,” the President said.

He highlighted that early childhood development provides children with the foundational skills they need to build a successful future. It further helps break the cycle of poverty that is handed down from one generation to the next.  

“Early childhood development is about giving children from all backgrounds the opportunity to grow into confident, capable citizens who contribute positively to society. Children who receive a strong start are more likely to succeed in school and the workforce, reducing societal costs in areas such healthcare, crime prevention and welfare,” the President said. 

A research report published to coincide with Brazil’s G20 Presidency, estimated that in South Africa, an investment of 2.1% of the Gross Domestic Product (GDP) in universal childcare could have supported 10.5 million women to join the workforce over three years. 

Because of the profound effect that ECD can have on social well-being and development, the President said government had decided to put the country’s children first. 
 

Last week, the Minister of Finance announced an additional investment of R10 billion in ECD over the next three years.

The President referred to the statistic that 80% of children in South Africa are unable to read for meaning by the age of 10. He emphasised that early childhood development was critical for developing foundational skills such as language, literacy and numeracy.

President Ramaphosa added that the experiences and interactions children have can significantly influence their future learning potential.

“This is why ECD must be treated as an urgent priority. We therefore welcome this wonderful initiative for business, civil society and government to work together to shape the future of early childhood development.

“This initiative will assist the strategic reorientation of the basic education sector to strengthen foundation learning. The benefits of universal access to ECD extend beyond the education of the child. It helps to empower families to break free from the effects of poverty."

President Ramaphosa called on all ECD programmes to register with the Department of Basic Education so that all children can receive the start in life that they need and deserve.

He noted that the ripple effects of a robust ECD system are felt across generations, fostering a cycle of opportunity and growth.
“We are determined that every child, regardless of their background or location, must have access to quality early education. It is for this reason that the Department of Basic Education launched the Bana Pele Mass Registration Drive last year,” he said.

The President said that the Mass Registration Drive was an example of cross-sectoral collaboration at work. He added that the country has an opportunity to rethink and restructure the entire ECD landscape, making it more effective, more inclusive and more impactful than ever before.

“As South Africans, we have a clear goal for all our children: access to quality learning opportunities for an additional 1.3 million children by 2030. This is why we are here today.

“We need to create a collaborative framework for ECD. One that brings together government, business, donors, ECD workers and all other social partners,” he said.

He said this framework must ensure that all role-players work together at both the provincial and municipal levels to improve access to quality early childhood education.

“As we move forward, we must remember that there is no greater cause than uniting for the benefit of our children. Our future as a nation depends on the children we raise today. We must commit to creating an environment where every child, no matter where they come from, has the opportunity to learn, to grow and to succeed.

“Let us join hands and work together, as a united force, to achieve our shared vision of universal access to quality early childhood development,” the President said. – SAnews.gov.za
 

DikelediM
Mon, 03/17/2025 - 11:35
574 views

Read moreInvest in ECD to shape the next generation, says President
17 March 2025

Here’s How We Can Move to Renewable Energy in a Just Way

Location: News

Mining companies could fulfil their social obligations by investing in these projects

Read moreHere’s How We Can Move to Renewable Energy in a Just Way
13 March 2025

SA focuses on improving diplomatic relations with United States

Location: News

SA focuses on improving diplomatic relations with United States

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

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

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

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

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

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

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

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

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

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

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

Diversifying export markets and growing the economy

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

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

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

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

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

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

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

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

FATF grey list

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

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

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

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

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

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

Gabisile
Thu, 03/13/2025 - 13:52
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Read moreSA focuses on improving diplomatic relations with United States
12 March 2025

Government’s three-year plan to spend R1 trillion on infrastructure

Location: News

Government’s three-year plan to spend R1 trillion on infrastructure

The South African government will spend more than R1 trillion over the next three years on public infrastructure in a show of government’s commitment to driving economic growth.

This is according to Minister of Finance Enoch Godongwana who delivered the 2025 Budget speech in Parliament on Wednesday.

“[Infrastructure] is a key pillar of our growth strategy. It is the bedrock for economic development, a key source of jobs, and an avenue to scale-up service delivery.

“This budget reflects that understanding. Allocations towards capital payments are the fastest growing area of spending by economic classification. Public infrastructure spending over the next three years will amount to more than R1 trillion,” Godongwana said.

Current infrastructure focus is geared towards:

•    R402 billion on roads infrastructure
•    R219.2 billion on energy infrastructure
•    R156.3 billion on water and sanitation infrastructure
The Minister highlighted some of the key projects that will be underway.

“In transport, the South African National Roads Agency will spend R100 billion over the medium term to keep the national road network in good condition. Provincial roads departments will reseal over 16 000 lane-kilometres of roads in their areas of authority.

“The Passenger Rail Agency of South Africa is making steady progress to rebuild infrastructure to provide affordable commuter rail services.

“In water, we are investing in several large-scale dam projects that are ramping up or entering construction. The Mkhomazi Project is expected to commence construction in November 2027, transferring water to the Mngeni Water Supply System. This will increase the total capacity of the system to 5 million households in eThekwini and 4 district municipalities in KwaZulu Natal,” Godongwana said.

In the 2025 Budget Review, National Treasury explained that investment in economic infrastructure – mainly by state owned entities – accounts for some 81.5% of the medium-term estimate.

“These funds are used to expand power-generation capacity, upgrade and expand the transport network and improve sanitation and water services. Social services infrastructure accounts for 15.5% of the total, with the two largest sectors, health and education, contributing 4.4 % and 5.5% respectively,” the review read.

Public-Private Partnerships

The department explained that infrastructure reforms are “underpinned by a commitment to significantly increase partnerships with the private sector”.

Some of these measures and reforms include:

•    From June 2025, projects below a total value of R2 billion will no longer have to clear onerous approval processes intended for large projects before proceeding.
•    A clear framework is being established to receive and process unsolicited PPP proposals or bids from the private sector.
•    New legislative amendments and regulations for municipal PPPs will also be introduced in 2025
•    Revised manuals and guidelines on PPPs are being produced and will be made available to the public

“During 2025/26, a single structure overseen by the National Treasury will be established to coordinate state participation in project preparation and planning, public-private partnerships (PPPs), funding and credit guarantees. 

“It will be established by merging two units currently in the Government Technical Advisory Centre that coordinate PPPs and capital appraisals with the Infrastructure Fund in the Development Bank of Southern Africa,” Treasury said. – SAnews.gov.za

 

NeoB
Wed, 03/12/2025 - 13:56
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Read moreGovernment’s three-year plan to spend R1 trillion on infrastructure
10 March 2025

Digital business visa application system goes live

Location: News

Digital business visa application system goes live

The Department of Trade, Industry, and Competition (the dtic) has launched the Business Visa Recommendation System (VRS), an online platform for business visa recommendation applications.

The VRS is aimed at all foreign business owners applying for first, extension and/or permanent residence recommendation, in terms of the Immigration Act 13 of 2002. 

“Business visa applicants will benefit from a more effective, transparent and user-friendly application process that goes live today,” the dtic said on Monday.

According to the Acting Deputy Director-General of Investment and Spacial Industrial Development at the dtic, Yunus Hoosen, the main objective of the system is to enhance efficiency for business visa applicants, including faster processing, convenience and transparency.

“The VRS replaces the email application process with a digital platform, improving efficiency and accessibility for global investors looking to reside in South Africa for the purpose of establishing, expanding and/or investing in businesses.

“This initiative is part of… ongoing efforts to reduce red tape and simplify the ease of doing business in South Africa. 

“From an administrative viewpoint, the VRS is a solution for collecting, managing, and reviewing applications online. In addition, it eliminates incomplete applications from being submitted, provides monitoring of applications received and finalised and provide investment-related information needed for reporting and planning, amongst others,” said Hoosen.

The VRS is aligned with South Africa’s broader e-governance initiatives, which seek to improve accessibility to government services through digital transformation. 

“The VRS marks a significant milestone in modernising the country’s investment facilitation framework, reinforcing South Africa’s commitment to fostering a business-friendly environment,” said the dtic.

Key features of the VRS

•            Online Submission – Applicants can now submit business visa for first, extension and permanent recommendations applications digitally.

•            Document Upload – Required supporting documents can be uploaded directly to the system.

•            Real-Time Tracking – Applicants can monitor the progress of their applications.

•            Automated Notifications – Updates and final recommendations will be communicated through the system.

For more information, visit: https://vrs.thedtic.gov.za/. – SAnews.gov.za

Edwin
Mon, 03/10/2025 - 13:27
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8 March 2025

Elon Musk Is Trying to Do Business in Lesotho, the Country Donald Trump Says “Nobody Has Ever Heard Of”

Location: News

And Starlink is not the only US company investing in the kingdom

Read moreElon Musk Is Trying to Do Business in Lesotho, the Country Donald Trump Says “Nobody Has Ever Heard Of”
6 March 2025

NSG, KZN Legislature partner to strengthen governance through training

Location: News

NSG, KZN Legislature partner to strengthen governance through training

To enhance governance and service delivery, the National School of Government (NSG) has partnered with the KwaZulu-Natal Legislature to roll out targeted capacity-building training for its members and employees.

This strategic collaboration, formalised on Wednesday at the KwaZulu-Natal Legislature, signifies a shared commitment to strengthening governance through education, training, and the development of both elected public representatives and legislative employees.

The NSG will provide targeted training focused on improving ethical leadership and oversight, creating effective policies to enhance service delivery and engaging citizens in decision-making.

Speaker of the KZN Legislature, Nontembeko Boyce, emphasised that this initiative aligns with the Legislature’s ongoing programme of creating platforms to empower its members and employees so that they can serve with greater efficiency and impact.

“We believe that a well-capacitated Provincial Legislature can only be achieved through strong partnerships with institutions of learning, bodies supporting parliamentary democracy, and the broader community of KwaZulu-Natal,” Boyce said.

She said ongoing training would sharpen lawmakers' ability to create impactful legislation, enhance public participation and strengthen oversight mechanisms, which will ultimately drive better service delivery.

A vision for a stronger province

Boyce stressed the importance of continuous professional development, saying that staying ahead in governance requires lifelong learning.

“By investing in continuous learning, we aim to ensure that our members are not just well-informed but fully equipped to address the evolving needs of the people they serve.”

Professor Busani Ngcaweni, Principal of the NSG, echoed this sentiment, expressing enthusiasm about the potential impact of the partnership.

“This collaboration is more than just training -- it’s about shaping a more accountable, efficient, and citizen-focused government. By addressing the unique challenges faced by the Provincial Legislature, we are paving the way for stronger governance, improved service delivery, and policies that truly make a difference,” Ngcaweni said. – SAnews.gov.za

GabiK
Thu, 03/06/2025 - 09:42
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5 March 2025

Totalenergies’ Mike Sangster to Headline Invest in African Energy Forum in Paris

Location: News
Energy Capital & Power

Mike Sangster, Senior Vice President for Africa at TotalEnergies, will deliver a keynote address at the Invest in African Energy (IAE) Forum in Paris this May. Sangster will also participate in an exclusive fireside chat, offering critical insights into the company's vision for Africa's energy future, its ongoing projects and the evolving role of oil and gas in the continent's energy mix.

TotalEnergies continues to drive oil and gas development across Africa, with a strong focus on both emerging and mature markets. In Namibia, the company is advancing its Venus-1 discovery, targeting first oil by the decade's end, with an FID expected in early 2026 for a development producing 150,000 barrels per day. TotalEnergies is also exploring additional prospects in the Orange Basin, having recently drilled the Marula-1X and Tabmoti-1X wells. In the Republic of Congo, the company is investing $600 million to expand deepwater production at the Moho Nord field, while in Libya, it plans to complete an onshore exploration project and lead new drilling campaigns in the Waha and Sharara fields in 2025.

IAE 2025 (www.Invest-Africa-Energy.com) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Meanwhile, TotalEnergies is expanding its gas processing and midstream infrastructure across Africa, strengthening its role in the continent's evolving energy landscape. In Mozambique, the company is progressing with the Mozambique LNG project, a $20 billion development expected to secure renewed financial backing from export credit agencies. I Uganda, TotalEnergies is gearing up for first oil from its Tilenga field in 2025, with crude transported via the East African Crude Oil Pipeline (EACOP). Once operational, EACOP will be the longest heated crude oil pipeline globally, significantly enhancing East Africa's ability to monetize its hydrocarbon resources and attract further investment into the region's energy sector.

TotalEnergies is also expanding its renewable energy footprint in Africa through strategic investments in solar, wind, hydropower and green hydrogen. The company is advancing its 500 MW Sadada solar project in Libya and acquired Scatec's hydropower portfolio on the continent in July 2024, including the 250 MW Bujagali Hydropower Plant in Uganda and stakes in projects in Malawi, Rwanda and the DRC. In South Africa, TotalEnergies is constructing a 216 MW solar plant with battery storage, along with a 140 MW wind farm and a 120 MW solar facility, set to supply green electricity to Sasol's industrial operations. In Morocco, the company is developing the Chbika project, a 1 GW wind and solar farm designed to produce 200,000 metric tons of green ammonia annually for export to Europe. These initiatives align with TotalEnergies' strategy to integrate renewables into its portfolio while supporting Africa's energy transition.

Sangster's participation at IAE 2025 comes at a pivotal time for Africa's energy sector, as investors and policymakers navigate a shifting global energy landscape. His keynote address and fireside chat will provide valuable perspectives on the role of private investment in African energy, strategies for unlocking new upstream opportunities and how TotalEnergies is adapting to the continent's long-term energy needs.

Distributed by APO Group on behalf of Energy Capital & Power.

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25 February 2025

Kholo Capital Mezzanine Debt Fund I Reaches Final Close at R1,4 Billion

Location: Business

Kholo Capital
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Kholo Capital Mezzanine Debt Fund I (“Kholo Capital” or “the Fund”) (www.KholoCapital.com/), has reached final close at R1,4 billion in commitments, in order to make long-term mezzanine debt investments in small and medium sized businesses in Southern Africa (i.e., South Africa, Botswana, Namibia, Lesotho and Swaziland). The funding provided to these businesses will positively impact communities and support economic growth, job creation, alleviation of poverty and advancement of transformation in the Southern African region. The Fund provides growth capital, BEE Financing and acquisition funding into sectors of the Southern African economy with high social impact including social housing, healthcare, education, renewable energy, food and food security, ICT, financial technology and infrastructure. The Fund follows the United Nation's 17 Sustainable Development Goals as guiding principles with key focus on those linked to Job Creation (i.e., Decent work and Economic growth, Reduced Inequalities and Gender Equality) and those linked to Sustainable Growth (i.e.; Affordable and Green Energy, Sustainable Cities and Communities and Climate Action). The R1,4 billion in commitments was secured from leading South African institutional investors.

Kholo Capital believes that mezzanine debt funding, being a subordinated loan position that sits between senior debt and equity in the capital structure of a business, is attractive because it plugs any equity funding gaps and provides businesses with a tailored and flexible loan solutions in support of their growth requirements. Kholo Capital's investment criteria include investing in small and medium sized businesses generating minimum R25m EBITDA across various growth sectors of the Southern African economy, thereby providing much needed access to capital within a preferred range of R70m to 200m per investment. The benefit of mezzanine debt loan funding lies not only in the ability to tailor funding terms like debt servicing requirements (e.g., providing capital repayment moratoriums), and also because it is a loan funding instrument it avoids the significant equity dilution which is sometimes the sad reality when businesses try to fund their growth ambitions by raising pure equity funding.

Mokgome Mogoba, Founder and Managing Partner at Kholo Capital, said: “We are very bullish about South Africa, the South African economy and the future prospects of this beautiful country and the surrounding region. We are heartened and motivated by the optimism and the resilience of its people. We aim to create in excess of 500 new jobs at a rate of more than 40 nett jobs created per investment and we have committed to investing more than 50% of the Fund in black empowered companies. We are excited at the opportunity to bring creative funding solutions to the Southern African market and to form long term sustainable partnerships with businesses over a 4 to 7-year investment horizon, realising not only strong commercial returns for our investors, but also providing transformational funding that has a positive ESG impact on businesses and surrounding communities as we also look to boost our rural and township economies.”

Zaheer Cassim, Founder and Managing Partner at Kholo Capital, added: “Mezzanine debt funding is non-dilutive by nature and therefore is an attractive funding option for family-owned businesses, BEE companies or any business that needs to raise capital and hold onto the equity in the business. And with the banks becoming more risk averse due to regulatory requirements, lending to small and medium sized businesses has reduced, creating a great opportunity for flexible mezzanine debt structures.  We are grateful that our investors recognise the opportunity and have shown us tremendous support.”

With a strong pipeline of opportunities, Kholo Mezzanine Debt Fund I is well positioned to advance its investment objectives, and make a sustainable impact in support of the real economy. 

Distributed by APO Group on behalf of Kholo Capital.

For more information contact:
Mokgome Mogoba
Managing Partner
Kholo Capital Mezzanine Debt Fund I
mokgome@kholocapital.com
Tel: +27-79-631-5860                                     

Zaheer Cassim
Managing Partner
Kholo Capital Mezzanine Debt Fund I
zaheer@kholocapital.com
Tel: +27-83-786-0845

About Kholo Capital Mezzanine Debt Fund I:
Kholo Capital is a specialist alternative investment fund management company with deep experience and track record in private markets. It was founded in 2020 by Mokgome Mogoba and Zaheer Cassim. The Kholo Capital investment team has more than 100 years of collective credit and investment experience and is highly skilled in senior debt, mezzanine debt and private equity. The investment team has a strong track record in the credit and investment space and has invested in excess of R50bn of mezzanine debt, private equity and senior debt investment transactions in over 90 transactions in more than 10 African countries. Kholo Capital Mezzanine Debt Fund I is managed by a cohesive, dynamic and nimble team and the management team has worked together over the last 21 years.

Website: www.KholoCapital.com

Read moreKholo Capital Mezzanine Debt Fund I Reaches Final Close at R1,4 Billion
24 February 2025

Solarafrica Secures R1.8 Billion Solar Investment, Advancing Wheeling Adoption in South Africa

Location: Business
Starsight Energy

SolarAfrica (https://SolarAfrica.com/) is proud to take another major step forward in the development of its flagship utility-scale solar project, SunCentral, by successfully reaching financial close on the first 114 MW component of the project alongside funding partners Investec and RMB. The R1.8 billion investment into SunCentral marks the start of the project's rollout in South Africa.

SunCentral is a large-scale solar photovoltaic (PV) plant located between Hanover and De Aar in South Africa's Northern Cape province. The project will be developed in three phases.

Phase 1, consisting of 342 MW, will be delivered through a staged roll-out of three 114 MW facilities and will deliver renewable energy to a diverse range of off-takers by wheeling it through South Africa's power grid. Phase 2 and 3 will increase SunCentral's capacity to 1 GW.

Unlike similarly sized projects that offer wheeling on a one-to-one basis (with one generation plant supplying one off-taker), SolarAfrica's project will offer wheeling on a one-to-many basis, making it available to a wider pool of businesses in South Africa.

SolarAfrica's Chief Investment Officer Charl Alheit, who spearheaded the financial close, explains: “Reaching financial close on the first 114 MW of our utility-scale wheeling development and Main Transmission Substation (MTS) investment marks a significant milestone in our commitment to advancing sustainable energy solutions for our customers in the commercial and industrial sectors.”

He adds that the substantial size of SunCentral will unlock access to cheaper, greener power for even more businesses across the country. “We are excited to see this project move forward as we continue contributing to the energy transition while delivering long-term value to our customers."

SolarAfrica is part of the greater Starsight Energy Africa Group. The success of SunCentral will act as a blueprint for similar (and possibly smaller) off-site generation projects in other key African markets in which the Starsight Energy Africa Group companies operate.

“The construction of SolarAfrica's SunCentral is a critical step in our journey to expand clean energy adoption across Sub-Saharan Africa, says Paul van Zijl, Group CEO of Starsight Energy Africa Group. “We are excited to move this project forward and continue delivering long-term value to our customers,” he says.

SolarAfrica is backed by world-class investors African Infrastructure Investment Managers (AIIM) and Helios Investment Partners who both hold decades-long track records of bringing investment to support African innovation.

“Reaching Financial Close on the first 114 MW on SunCentral is a fantastic milestone for SolarAfrica, says Thor Corry, Investment Director at AIIM.

“The modular approach to construct the MTS and plug in subsequent 114 MW modules provides a superb platform for SolarAfrica to scale at pace to meet the needs of the C&I customers in South Africa who want to secure price certainty and cost efficiencies while furthering South Africa's Just Energy Transition. With South Africa requiring up to 30 GW of new capacity by 2030 to meet its climate commitments and energy needs, projects like this are crucial,” Corry concludes.

Distributed by APO Group on behalf of Starsight Energy.

About SolarAfrica:
Founded in 2011, SolarAfrica provides a suite of capex-free green energy solutions to the commercial and industrial sectors in Southern Africa. The holistic suite includes on-site solutions such as solar energy and battery storage together with virtual solutions like wheeling, trading and aggregation.

SolarAfrica partners with businesses in South Africa seeking an energy solution that provides power security, cost savings and carbon reduction – building towards long-term sustainability.

The company has evolved into an ambitious team who are passionate about what they do and the core values they uphold. SolarAfrica has been named the continent's leading solar energy firm twice, scooping the Africa Solar Industry Association's African Solar Company of the Year award in 2021 and 2023.

About Starsight Energy:
Across the continent, Starsight Energy is redefining what it means for businesses to be energy efficient. Starsight Energy provides premier clean on-grid and off-grid energy services to commercial and industrial clients in Africa.

Serving the commercial and industrial, financial, residential, educational and agricultural sectors, Starsight Energy delivers tailored power and cooling solutions to meet client requirements while optimising consumption through energy-efficient appliances and environmentally friendly practices and recommendations.

From load analysis and modelling to demand management and customised solution design, Starsight Energy helps clients optimize energy efficiency and cost savings across the board.

About African Infrastructure Investment Managers (“AIIM”):
AIIM, a member of Old Mutual Alternative Investments* (“OMAI”), has been investing in the African infrastructure sector since 1999 with a track record extending across seven African infrastructure funds. AIIM's team of 40+ investment professionals are based out of five locally staffed offices across the continent in Cape Town, Johannesburg, Nairobi, Lagos and Abidjan providing direct on-the-ground coverage of our key markets.

AIIM is Africa's largest dedicated infrastructure private equity manager and currently manages an aggregate AUM of USD2.9 billion in assets across the power, renewable energy, digital infrastructure, mid-stream energy and transport sectors with operations in 19 African countries.

AIIM is a licensed FSP approved by the Financial Sector Conduct Authority in South Africa.

*Old Mutual Alternative Investments (OMAI) is a private alternative investment manager in Africa, with over USD7.6 billion (ZAR139.4 billion) under management in infrastructure, private equity, hybrid equity and impact funds. It is a member of Old Mutual Investment Group, the investment management arm of Old Mutual.

About Helios Investment Partners:
Established in 2004, Helios Investment Partners is the largest Africa-focused private investment firm, with a record that spans creating start-ups to providing expanding companies with growth capital and expertise. The firm has over $3.0 billion in assets under management and is led and managed by a predominantly African team based in London, Lagos, Nairobi and Paris, with the language skills and cultural affinity to engage with local entrepreneurs, managers, and intermediaries on the continent.

Helios leverages its local and global networks to create attractive proprietary investment opportunities, with an emphasis on building market leaders in core economic sectors and driving performance through a highly engaged approach to portfolio operations. The firm's unique combination of a deep knowledge of the African operating environment, a singular commitment to the region and a proven capability to manage complexity, is reflected in its diverse portfolio of growing, market-leading businesses, and its position as a partner of choice in Africa.

Helios is the second mainstream private equity firm globally, and the largest emerging markets focused private equity firm, to achieve B Corp certification. B Corp status recognizes the firm's longstanding commitment to sustainability and responsible business practices.

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21 February 2025

Cabinet supports bold vision outlined by President’s SONA

Location: News

Cabinet supports bold vision outlined by President's SONA

Cabinet has called on all sectors of society to support the initiatives announced by the President Cyril Ramaphosa during his State of the Nation address earlier this month. 

Cabinet said this in a statement on Friday following a Cabinet meeting held on 12 February 2025 and a special Cabinet meeting on 29 January 2025. 

“Cabinet calls on all sectors of society to support the initiatives announced by the President in his 2025 SONA and partner with government as we set our nation on a trajectory for the year ahead,” Cabinet said in a statement. 

Cabinet also expressed its support for the bold vision of creating a nation where all South Africans share in its prosperity and opportunities, as outlined by President Ramaphosa. 

“The President called on all South Africans to unite in action to reignite our collective vision and shared passion to build a South Africa that works for everyone. Through the planned National Dialogue, we will chart our nation’s course and forge a common vision for our country’s future,” Cabinet said. 

The statement highlighted that the new Medium-Term Development Plan (MTDP) guides government’s initiatives to create a more inclusive country that lives up to the commitments of the Government of National Unity. 

The MDTP aims, among others, to reduce unemployment, poverty and the rising cost of living as well as combat crime and corruption.

“The massive R940 billion investment drive announced by President Ramaphosa in new infrastructure and the upgrading of existing infrastructure over the next three years, puts infrastructure development at the heart of our country’s economic growth and job creation,” Cabinet said. 

The address outlined a clear path to tackle the challenges experienced at local municipalities, particularly in the maintenance of essential infrastructure. It also detailed intensive interventions to deal with the country’s water challenges, including the expansion of water infrastructure by investing R23 billion into seven large water infrastructure projects.

President Ramaphosa outlined government’s commitment to support the well-being of South Africans through various social support initiatives in health, education, social protection, community development and public employment programmes, with around 60 percent of our national budget spent on the social wage.

“The President affirmed our nation’s sovereignty and constitutional democracy, and South Africa’s position to advance the well-being of humanity, and those around the world who continue to experience colonialism and oppression,” Cabinet said. – SAnews.gov.za

DikelediM
Fri, 02/21/2025 - 10:34
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21 February 2025

Saudi Arabia Expands Energy Ties With Africa

Location: News
African Energy Chamber

Earlier this week, Egypt's Minister of Petroleum and Mineral Resources Karim Badawi and Saudi Arabia's Minister of Energy Abdulaziz bin Salman Al Saud signed an agreement to develop an executive plan for energy efficiency cooperation, strengthening bilateral ties in the energy sector and fostering sustainable development. This follows another significant development in September, in which Egyptian Prime Minister Mostafa Madbouly secured a $5 billion pledge from Saudi Arabia's PIF, representing the “first phase” of a larger investment strategy. 

As a leading global energy giant, Saudi Arabia has been actively investing in Africa's energy sector, aiming to expand its energy reserves, advance energy diplomacy and compete with other global superpowers. This strategic push not only strengthens Saudi Arabia's influence in the region, but also paves the way for deeper economic and political ties with African nations. 

To date, the lion's share of investment in Africa's energy sector has focused on clean energy advancements. With total project costs reaching $7 billion across the continent, Saudi developer ACWA Power stands as the leading private-sector investor in African renewable energy. In October 2024, the company announced that its Redstone solar plant in South Africa was set to achieve its full 100 MW capacity, while its Kom Ombo solar PV plant in Egypt successfully reached its full capacity of 200 MW. ACWA Power is also leading Project DAO, South Africa's largest hybrid renewable power plant, with an $800 million investment. The project is expected to come online by 2026 and aligns with the Kingdom's broader Vision 2030 goals.  

In addition to renewable energy, Saudi Arabia is diversifying its investments to secure critical minerals for clean energy technologies. In October, Saudi Arabia's Manara Minerals, a joint venture between Ma'aden and the Public Investment Fund (PIF), entered advanced talks to acquire a minority stake in First Quantum Minerals' Zambian copper and nickel assets. The potential investment, valued between $1.5 billion and $2 billion, underscores Saudi Arabia's strategy to secure critical minerals that are vital for the global clean energy transition. 

Turning to broader regional commitments, Saudi Arabia's financial support for Africa's energy infrastructure has grown. In October, the Kingdom announced a major funding initiative, pledging at least $41 billion for sub-Saharan African nations. This includes $1 billion for development, $5 billion for startups, $10 billion in financing from the Saudi Export-Import Bank and $25 billion in private sector investments over the next decade.  

Meanwhile, the Saudi Ministry of Energy has established the "Empowering Africa" initiative as part of its broader commitment to supporting sustainable development across the continent. In collaboration with the Ministries of Communications and Information Technology and Health, the initiative aims to deliver clean energy, connectivity, e-health and e-learning solutions to enhance lives and promote long-term growth in Africa. Building upon the Clean Fuel Solutions for Cooking Program, it focuses on providing cleaner cooking solutions to vulnerable populations, aiming to reduce reliance on traditional biomass fuels and improve health outcomes for millions of households. Minister bin Salman Al Saud has emphasized energy as a fundamental human right and is spearheading efforts to improve access to clean cooking technologies across the continent. 

Additionally, state-owned petroleum company Saudi Aramco is strengthening its partnerships with African nations to support energy investments and mobilization. These collaborations are expected to drive infrastructure development, enhance oil and gas production capacity and facilitate knowledge transfer between Saudi and African energy stakeholders, while aligning with broader energy security and sustainability goals.  

In the multilateral arena, the African Energy Chamber is working with Saudi Arabia to support South Africa's G20 energy investments and mobilization. This partnership is set to facilitate greater financing and policy coordination, ensuring Africa's energy priorities are well-represented in global energy discussions. The upcoming African Energy Week: Invest in African Energies conference in Cape Town serves as a key platform to facilitate and support these investments, bringing together Saudi stakeholders, African governments and global energy leaders to advance new projects, strengthen partnerships and accelerate the continent's energy transition. These collaborations are essential in addressing energy challenges, driving economic growth and fostering long-term sustainability. As Saudi investments expand – alongside those of other G20 nations – their impact on Africa's energy landscape will only deepen.  

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

Distributed by APO Group on behalf of African Energy Chamber.

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21 February 2025

AEW 2025 to Fuel Regional Investment as Southern Africa Advances (O & G) Development

Location: News
African Energy Chamber

From significant oil deposits in Namibia's Orange Basin to untapped potential in South Africa to gas frontiers onshore Zimbabwe and developments in Mozambique and Angola, Southern Africa has emerged as a highly-promising oil and gas market. However, to unlock the full potential of the industry, investors need to rally, providing the much-needed capital and technology to boost energy development across the region.

African Energy Week: Invest in African Energies – taking place September 29 to October 2, 2025 - will highlight Southern Africa's energy potential, from major projects and exploration campaigns to investment opportunities and emerging challenges. By uniting regional governments, major operators and global stakeholders, the event fosters collaboration, serving as a catalyst for South African energy development.

Angola Drives Exploration Towards Near-Term Production

Sub-Saharan Africa's second-largest oil producer, Angola continues to leverage industry reform to accelerate exploration and development. Seeking to maintain oil output above one million barrels per day while increasing natural gas production, the country is preparing to launch the final bid round of its six-year licensing strategy in Q1, 2025. Offering nine blocks for exploration in the deepwater Kwanza and Benguela basins, the round is expected to entice major deepwater players to expand their portfolios offshore Angola. To further support production growth, the country introduced five marginal fields for exploration in 2024 and continues to promote blocks available on direct negotiation. Major projects such as the Cabinda Oil Refinery (2025); the New Gas Consortium (early-2026); and the Agogo Integrated West Hub Development (mid-2026) are also set to fuel production.

Mozambique Targets LNG Advancement

With over 100 trillion cubic feet (TCF) of gas resources in the Rovuma Basin, Mozambique is pushing ahead with several large-scale LNG projects. These include the operational 3.4 million ton per annum (MTPA) Coral South FLNG project; the under-development 3.37 MTPA Coral North project; the 18 MTPA Rovuma LNG project; and the 13 MTPA Mozambique LNG project. Despite delays, operators are committed to accelerating development. While pushing the Mozambique LNG project timeline from 2027 to 2029/2030, TotalEnergies expects a U.S. loan approval to be restored under the Trump administration in the coming weeks. ExxonMobil also anticipates FID for the Rovuma project by 2026, paving the way for advanced development.

Namibia: The Next Deepwater Oil Producer

Following a string of discoveries in the offshore Orange Basin, Namibia is working towards first oil production by 2029. The Venus-1X discovery by TotalEnergies is at the forefront of this goal, with the French major seeking to finalize its phase one development plan in 2025 and make FID in 2026. However, the development of the Mopane well – situated in PEL 83 and operated by oil and gas firm Galp - could bring the timeline to first production much closer. Two discoveries were made at the Mopane 1-A well and the Mopane 2-A well, and the operator is now seeking a farm-in partner to develop the asset. Other companies such as Shell, Petrobras, Africa Oil Corp, Chevron and more are also investing offshore while independents including ReconAfrica and Sintana Energy are conducting exploration and appraisal drilling onshore.

South Africa Prioritizes Gas Exploration, Renewable Expansion

Two offshore basins have generated significant interest by foreign player in South Africa: the Southern Outeniqua Basin and the Orange Basin. Southern Outeniqua featured two major gas discoveries made by TotalEnergies (Luiperd and Brulpadda) in 2019 and 2020, representing some of Africa's biggest finds made during the period. While TotalEnergies exited the Southern Outeniqua basin in 2024, the company has turned its attention to South Africa's Orange Basin, hoping to mirror upstream success in neighboring Namibia. Other firms including Africa Oil Corp, Shell and Petrobras are investing in the Orange Basin, and all eyes are on future discoveries offshore South Africa.

Zimbabwe: An Onshore Gas Frontier

Zimbabwe made headlines in 2022 when Invictus Energy announced successful drilling activities at the Mukuyu-1 well at the onshore Cabora Bassa Project. This was followed by the discovery of gas at the Mukuyu-2 well in 2023, with the find revealing the potential for 20 TCF of gas resources. In 2025, the company completed an independence review of the Petroleum Production Sharing Agreement, which would enable the Invictus Energy to unlock value-sharing from the project. Going forward, the company is pursuing a 3D seismic survey alongside appraisal drilling and well testing to further delineate the resource potential while refining development plans and improving the operational efficiency. All eyes are on the project as Zimbabwe strives to bring its first natural gas development to fruition.

Distributed by APO Group on behalf of African Energy Chamber.

About AEW: Invest in African Energies:
AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

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18 February 2025

Opportunities for Growth and Investment in Africa’s Energy Sector

Location: News
African Energy Chamber

Africa's energy sector presents significant opportunities for investment and growth through targeted infrastructure development. Despite the continent's abundant hydrocarbon resources, inadequate infrastructure has historically impeded efficient extraction, processing and distribution. Addressing these gaps can unlock substantial economic potential and meet the rising energy demands both within Africa and globally.

As Africa continues to prioritize energy infrastructure development, this year's Africa Energy Week (AEW): Invest in African Energies conference – taking place September 29 to October 3 in Cape Town - will serve as a critical platform for investors, policymakers and industry leaders to explore opportunities in oil and gas pipelines, storage facilities and gas-to-power projects. Discussions at AEW 2025 will highlight successful infrastructure projects, showcase emerging investment prospects and address challenges in financing and implementation.

Pipeline Infrastructure

One critical area for investment is the development of extensive pipeline networks. These pipelines are essential for transporting crude oil and natural gas from production sites to refineries and export terminals. The proposed Nigeria-Morocco Gas Pipeline aims to transport approximately 30 billion cubic meters of natural gas annually from Nigeria through to Morocco and onto Europe, traversing 13 African countries. The $25 billion, 5,600-km project is poised to enhance energy security and foster economic integration across the region, with the potential to create jobs, boost industrialization and provide a stable gas supply for domestic consumption and export, strengthening Africa's role in the global energy market.

Liquefied Natural Gas Facilities

Investing in Liquefied Natural Gas (LNG) facilities is another promising avenue. These facilities enable the processing and export of natural gas, catering to global markets with high energy demands. Countries like Mozambique, the Republic of Congo, Nigeria and Tanzania are advancing large-scale LNG projects to capitalize on their substantial gas reserves. For example, Tanzania's LNG Liquefaction Plant, estimated at $30 billion, is set to position the country as a key player in the global LNG market.

Refining Capacity Enhancement

Africa's limited refining capacity often necessitates the import of refined petroleum products, leading to economic inefficiencies. Investments in modernizing and expanding existing refineries, as well as constructing new ones, are crucial. Such developments would not only meet domestic demand, but also create export opportunities. Angola is in the process of developing three new oil refineries, which will collectively increase domestic refining capacity to 400,000 barrels per day and reduce dependence on imported fuels.

Storage and Distribution Networks

Robust storage facilities and distribution networks are vital for maintaining energy supply stability. Investing in these areas ensures that oil and gas products are efficiently stored and transported to end-users, minimizing losses and meeting market demands. Enhanced storage capacity also provides a buffer against market fluctuations, contributing to energy security. South Africa's Richards Bay III project – a $6 million initiative involving the construction of an oil storage facility – aims to enhance South Africa's energy storage capacity and improve supply stability. Additionally, South Africa is experiencing significant growth in its LPG industry, driven by new distribution hubs and rising electricity prices. Companies like Petredec have announced the establishment of the country's first rail-supplied LPG project, aiming to make LPG a more accessible and cost-effective energy alternative.

Power Generation and Electrification

Leveraging natural gas for power generation offers a dual benefit: monetizing gas resources and addressing electricity deficits. Investments in gas-fired power plants and associated transmission infrastructure can significantly improve electrification rates across the continent. Mozambique's Temane gas-to-power project is set to commence operations in 2025, leveraging gas from the Pande and Temane fields to produce 450 MW of affordable power for the state utility.

AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

Distributed by APO Group on behalf of African Energy Chamber.

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18 February 2025

R2.5m to promote food security in Madibeng

Location: News

R2.5m to promote food security in Madibeng

In a move to advance agricultural development and bolster small-scale farming in the North West, Agriculture and Rural Development MEC, Madoda Sambatha, has officially handed over greenhouse tunnels worth R2.5 million to a local farm.

The Bokfontein-based JT Farm Fresh enterprise, located in the Madibeng Local Municipality, received the investment last Friday, as part of the Provincial Accelerated Service Delivery Programme (Thuntsa Lerole Reloaded), reinforcing the province’s commitment to sustainable farming and food security.

The handover of the greenhouse tunnels aims to enhance the production capacity of JT Farm Fresh enterprise, enabling year-round cultivation of various crops and contributing to the local economy.

The enterprise specialises in the production of vegetables. The initiative will greatly benefit the production with the new infrastructure, which is set to improve the quality and quantity of their crop yields.

Sambatha emphasised the importance of empowering local farmers and entrepreneurs to contribute to the economic growth of the province, while ensuring that communities have access to fresh, locally grown produce.

"By investing in small-scale farmers like JT Farm Fresh, we are building a strong foundation for agriculture that can withstand challenges, such as climate change and rising food prices. These greenhouse tunnels will help improve production efficiency and sustainability, ultimately benefiting the entire community,” Sambatha explained.

JT Farm Fresh part owner Jabulani Galubetse expressed his gratitude for the support received from the department.

"This support will significantly enhance our operations, allowing us to scale up our production and meet the increasing demand for fresh produce in the region," Galubetse said.

The support the department has given JT Farm Fresh is substantial towards ensuring the long-term success of small-scale farmers in the district, creating employment opportunities, and enhancing food security for local communities.

The MEC said the department will continue to collaborate with emerging farmers in the province, providing them with the tools, resources, and guidance necessary to succeed in the agricultural sector. – SAnews.gov.za
 

GabiK
Tue, 02/18/2025 - 11:07
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Read moreR2.5m to promote food security in Madibeng
17 February 2025

W Cape unveils key strategies to boost environmental resilience

Location: News

W Cape unveils key strategies to boost environmental resilience

The Western Cape Government and CapeNature have taken steps to protect the province’s rich biodiversity and critical ecological infrastructure by launching two strategies to boost environmental resilience.

The strategies will support the “Build Back Better” approach by focusing on protecting and restoring important natural areas, making them stronger and more resilient.

Western Cape Local Government, Environmental Affairs and Development Planning MEC, Anton Bredell, said while the province cannot rebuild ecosystems like it does with buildings, it can support them so that they recover more effectively from damage and adapt to environmental changes.

Bredell said healthy ecosystems, including wetlands, forests and rivers, help to reduce the impact of natural disasters like floods, fires and droughts.

“By including nature in how we design and build infrastructure, we can create a safer and more sustainable future,” Bredell said in a statement on Friday.

The two crucial strategies for advancing conservation and sustainable land use in the Western Cape include the 2023 Western Cape Biodiversity Spatial Plan (WCBSP) and the Western Cape Protected Areas Expansion Strategy (WCPAES).

The 2023 WCBSP identifies priority areas for conservation and sustainable land use and serves as a blueprint for prioritising the province’s most valuable ecosystems.

Bredell said the plan will form the bedrock of sustainable development in the province.

The second strategy, the WCPAES, outlines a clear approach to expanding protected areas, ensuring that both nature and people can thrive together.

“The 2023 WCBSP identifies and prioritises important areas for conservation, integrating environmental protection with responsible land-use planning. The WCPAES takes this further by mapping out important areas for expansion of the protected area network to secure key ecological infrastructure, strengthen climate resilience, and support sustainable development,” Bredell explained.

The 2023 WCBSP is the first provincial spatial plan, in accordance with the Western Cape Biodiversity Act (Act 6 of 2021).

Bredell emphasised that the economy and the environment are inextricably linked, and all future planning must be implemented with this in mind.

He said environmental protection and expansion of the conservation estate remains a critical priority for the Western Cape Government.

The MEC also emphasised the link between biodiversity conservation and communities.

“Our province’s economy is deeply tied to nature, agriculture and tourism, and rural livelihoods depend on the long-term health of our ecosystems. Investing in conservation means investing in economic stability, food security and sustainable job creation.

“Through providing upfront considerations for spatial planning, we provide key insights to existing and potential investors. Creating a vibrant economy and the jobs created through this remains our focus. Investors can begin their planning processes with the environmental sector considerations already on the table,” Bredell said.

CapeNature CEO Dr Ashley Naidoo said conservation is not just about protecting species but also bolstering the long-term sustainability of the Western Cape.

“A thriving conservation sector drives job creation through the provision of stable ecosystem services like water security for our industrial sectors. Healthy biodiversity and ecosystems also remain the most cost-effective way to improve society’s resilience to extreme weather and climate change impacts.”

The WCPAES has been published for public comment, giving stakeholders an opportunity to shape the future of conservation in the Western Cape.

CapeNature invites all interested parties to review and comment on the Draft WCPAES by visiting https://www.capenature.co.za/western-cape-protected-areas-expansion-strategy.

Written comments on the Draft Strategy must be submitted within 60 days from the date of publication of the Notice in the Provincial Gazette, which was 31 January 2025. – SAnews.gov.za 

GabiK
Mon, 02/17/2025 - 11:12
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