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NRF, FirstRand renew programme to support Black academics

Location: News

NRF, FirstRand renew programme to support Black academics

The National Research Foundation (NRF) has announced the renewal of its partnership with the FirstRand Empowerment Foundation (FREF), aimed at deepening transformation in the country’s academic cohort. 

The Black Academics Advancement Programme (BAAP), aimed at supporting the development of Black South African academics and South African academics with disabilities to attain PhDs (Doctor of Philosophy), and acquire post-PhD training, provides funding to applicants or academics seeking financial support for six months, one year and up to three years.

Established in 2018 under an initial five-year contract, BAAP has supported about 347 academics at 26 universities in the completion of their PhDs and in acquiring postdoctoral training. 

The programme provides funding to applicants or academics seeking financial support for six months, one year and up to three years.

The maximum funding per year is R300 000 and R400 000 for PhD and postdoctoral respectively. 

According to the NRF, the BAAP directly contributes to the National Development Plan 2030 goal of equipping 75% of university academic staff with PhD qualifications by 2030.

A report by the Council on Higher Education revealed that in 2009, only one-third of full-time permanent academic staff held PhD degrees. 

“Furthermore, there was a net decline in the number of full-time university academic staff across all public universities over the same period. The impact of the low proportion of suitably qualified academic staff increases the burden of supervision for postgraduate supervisors.

“This burden of supervision, at both the Master’s and PhD levels, increased across all fields of science between 2000 and 2005,” the statement reads.

At the Master's level, the ratio rose from 3.8 to 5.2 students per supervisor, while at the PhD level, it increased from 1.3 to 2.2 students per supervisor over the six years.

NRF’s Acting Deputy Chief Executive Officer, Dr Gugu Moche, said the renewal of the funding agreement by the NRF and FREF is a significant step towards supporting Black academic researchers in South Africa.

FREF Head of Social Investing, Konehali Gugushe, believes that this initiative contributes to the diversification of the research landscape and fosters innovation. 

“It is wonderful to see such commitment to the empowerment of under-represented groups in academia,” Gugushe said. 

According to Gugushe, the partnership with the NRF demonstrates the organisation’s commitment to addressing inequality, through impactful Public Benefit Activities that promote B-BBEE. 

“Our Quality Education pillar is dedicated to the enhancement of access to higher education; improvement of skills and earning opportunities; and the strengthening of institutional capacity to foster sustainable growth in the education sector.”

Meanwhile, she said FREF is fully committed to the establishment of strategic partnerships with organisations like the NRF, which leverage their research and innovation capabilities to ensure the continued delivery of high-impact societal interventions. 

“Our partners are essential to realising our shared vision for a better future,” Gugushe added.

The programme will continue until 2028, under the renewed agreement.  – SAnews.gov.za
 

Gabisile
Thu, 02/13/2025 - 14:30

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Minister George announces actions to grow SA’s green economy

Location: News

Minister George announces actions to grow SA’s green economy

The Minister of Forestry, Fisheries and the Environment, Dr Dion George, has announced key actions to accelerate South Africa’s green economy, create sustainable jobs, and to stimulate economic growth.

These actions focus on renewable energy, energy efficiency, and circular economy initiatives.

In a statement on Wednesday, the Minister said these actions will contribute to environmental targets while fostering economic opportunities.

The Department of Forestry, Fisheries and the Environment (DFFE) is prioritising renewable energy projects, including solar, wind, and hydropower. 

It has streamlined environmental authorisation processes to speed up project approvals, including the exclusion of solar and battery facilities from environmental authorisation in low and medium environmental sensitivity areas.

Furthermore, 11 renewable energy zones and five transmission corridors for incentivised green energy projects have been identified.

“Efforts to incentivise renewable energy development include identifying strategic zones where the environmental review will take just 194 days, instead of the usual 300.

“These measures will stimulate job creation in installation, maintenance, and in other related sectors, specifically targeting underserved communities,” the department said.

The Minister emphasised the importance of improving energy efficiency across sectors. 

“Through energy-saving programmes and technology incentives, we aim to reduce consumption and cut costs,” George said.

The DFFE is also investing in waste management to support the transition to a circular economy. 

The circular economy refers to a model in which products are re-used and recycled, waste is reduced, and products are re-designed.

“Initiatives like the Recycling Enterprise Support Programme (RESP) and e-waste projects in Bushbuckridge and Nkomazi municipalities are providing economic opportunities for communities while addressing waste,” the department said.

Earlier this month, government launched two E-Waste Recycling pilot projects in Mpumalanga that will enable residents to bring their old and unused electronic waste, such as cell phones, computers, televisions, and other electrical appliances.

Another green economy initiative that the department is driving is the launch of a Green Hydrogen Guideline, which will be launched on 17 February 2025. 

The guideline will help to streamline approvals for green hydrogen projects, which will support the country’s energy transition.

The Minister said that all of these initiatives are not only designed to preserve the environment but will also create much-needed jobs, especially in disadvantaged areas, while driving long-term economic growth. 

“By focusing on the green economy, we’re not just protecting the environment, but creating a sustainable future with meaningful jobs,” he said. -SAnews.gov.za

 

nosihle
Wed, 02/12/2025 - 09:32

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Government creates enabling environment for investors

Location: News

Government creates enabling environment for investors

In an effort to create an enabling environment for investors, the Department of Forestry, Fisheries and the Environment (DFFE) is prioritising cutting red tape and boosting investor confidence by removing bureaucratic delays that prevent businesses from investing in sustainable industries.

“South Africa is uniquely positioned to become a leader in the green economy. Our vast renewable energy potential, our forestry-based carbon markets, and our sustainable fisheries sector all present opportunities for attracting much-needed investment. However, to fully unlock this potential, we must remove obstacles that hinder growth,” Forestry, Fisheries and the Environment Minister, Dr Dion George, said on Monday.

According to the Minister, countries that create an enabling environment for green investment will be at the forefront of economic growth and job creation in the coming decade.

He made this observation after his participation at the recent World Economic Forum (WEF), held in Davos, Switzerland, as discussions reaffirmed that global investors are actively seeking opportunities in sustainable industries.

During his engagements, George met with global leaders, investors, and policymakers to discuss how South Africa can attract investment in key sectors, such as renewable energy, sustainable forestry, and marine conservation. 

These sectors hold immense potential, not only to protect our environment, but also to drive economic expansion and employment opportunities, particularly in rural and coastal communities.

“The DFFE has also gone to great lengths to leverage forestry and fisheries for economic expansion. South Africa’s forests are not just an environmental asset, they are a key economic driver in carbon trading and sustainable wood production. 

“The department is working to enhance carbon sequestration initiatives that will allow South Africa to benefit from global climate finance mechanisms. Sustainable fisheries are central to food security and economic development. The department is actively working on policies that will protect marine ecosystems while creating sustainable jobs in the fishing industry,” the Minister said.

The DFFE is also aligning with the Global Green Finance Movement. 

“Investors at Davos made it clear that capital is moving toward sustainable projects. Our government must ensure that South Africa is positioned as a leading destination for climate finance and green investment, which includes partnering with the private sector to scale up renewable energy projects and green infrastructure,” George said.

The Minister’s engagements at WEF Davos underscored the critical message that South Africa must act decisively to secure its place in the global green economy. 

“We cannot afford to lag behind while other emerging markets capitalise on the shift toward sustainability,” he said. -SAnews.gov.za

 

nosihle
Mon, 02/10/2025 - 09:16

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Government, industry leaders encourages use of AI for greater good

Location: News

Government, industry leaders encourages use of AI for greater good

The rapid development of artificial intelligence (AI) has signified a fundamental change in how government interacts with citizens, disseminates information and ensures that the State’s voice reaches every corner of the nation.

This is according to Deputy Minister in the Presidency, Kenny Morolong, who addressed a Government Communicators Networking Session at Artscape in Cape Town on Wednesday night. 

“The question to which we must respond is not whether to embrace AI and the suite of technologies, but how to do so in a way that enhances rather than diminishes our communication objectives.” 

Morolong said government and its relevant stakeholders should explore how these technologies can break down language barriers, reach underserved communities, ensure the authenticity and credibility of government communications, preserve and promote indigenous knowledge systems, and enhance the skills of government communicators.

However, he stressed that in the pursuit of technological advancement, the nation must retain the human touch essential for effective public service communication.

“We must do so with a drive to leave no one behind, including our diverse skills and cultures.”

The Deputy Minister said the mission of various media platforms and government communication should be to ensure all citizens have access to empowering information that facilitates their active and productive participation in the nation.

The networking session, held on the eve of the State of the Nation Address, included a panel discussion on AI’s impact on media and government communication.

The former Dean of the Johannesburg Business School (JBS), Professor Randall Carolissen, led an important discussion about the transformative potential of AI. 

He highlighted its societal impact and emphasised the need to balance technological advancements with personal privacy and accountability.

He also stressed the importance of enabling AI while protecting privacy and ensuring explainability and fairness.

Carolissen also highlighted the dual nature of AI, noting the negative outcomes like “highly convincing” deepfake images.

The panellist emphasised the transformative potential of AI in media, highlighting its role in revolutionising content creation and distribution. 

AI was noted for its ability to enhance data processing, as exemplified by the Pan-Canadian AI strategy. 

Canada was the first country globally to create a national strategy for AI. 

In 2022, the Government of Canada proposed the AI and Data Act (AIDA) as part of Bill C-27, the Digital Charter and Implementation Act, to promote the responsible use of AI.

Practical applications of AI, such as transcription and multilingual support, were discussed, particularly in the context of South African media. 

The panellists also touched on the importance of truth and trust in media, with AI aiding in verification and deeper storytelling.

Supple Chief Operations Officer Lea-Anne Moses underscored the increasing pressure on newsrooms to perform and the declining revenues that are becoming a central issue.

“But I think there’s an opportunity in looking at business models and how we use AI to go deeper in our stories, how we use it to transcribe our notes or conduct research and get the groundwork out of the way. But let’s not outsource our thinking to AI.”

Supple is a technology company based in Britain and South Africa that provides software, Infrastructure as a Service (IaaS), and application programming interfaces (APIs) to governmental bodies.

Associate Professor Sisanda Nkoala, who holds the Media Inclusion and Diversity Chair at the University of the Western Cape and represents the Press Council of South Africa, stressed the significance of ethical journalism and transparency in the use of AI. 

She highlighted the necessity of adapting this technology to better serve African contexts, particularly to address language barriers.

Concerns have been raised about AI ownership by large tech companies and its potential to worsen the digital divide. 

The discussion also addressed AI’s impact on education, job displacement, and the necessity for regulatory frameworks to ensure responsible use of AI.

Meanwhile, the Chief Financial Officer of Kagiso Tiso Holdings, Tshepo Setshedi, said companies that do not embrace AI will be overtaken by those that do.

“So, we need to start preparing as a country in terms of investing in this space,” he told the attendees. 

President Cyril Ramaphosa will deliver the State of the Nation Address this evening at 7pm. – SAnews.gov.za

 

Gabisile
Thu, 02/06/2025 - 09:04

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Expanding digital access for learners

Location: News

Expanding digital access for learners

As part of ongoing efforts to expand digital access, the Minister of Communications and Digital Technologies, Solly Malatsi, has launched a state-of-the-art Cyber Lab with 40 laptops and modern infrastructure designed to enhance digital learning, in Cape Town.

“Bridging the digital divide is not just about providing technology -  it’s about ensuring that young people have the skills and opportunities to use it effectively. This Cyber Lab ensures that learners from these communities are not left behind but are equipped to thrive in a digital future,” the Minister said on Tuesday.

The initiative, which is in partnership with the State Information Technology Agency (SITA), marks a significant step in expanding digital access for learners from Lansdowne, Khayelitsha, Langa, Philippi, Mitchells Plain and Nyanga.

A key element of this initiative is the broadband connectivity provided by the Western Cape Provincial Government, reinforcing the power of cooperative governance in expanding digital access and transforming education.

To ensure lasting impact, the initiative includes a structured digital literacy program for both teachers and students. 

This training will equip learners with essential digital skills, including coding, website design, and other Information and Communications Technologies (ICT) capabilities - unlocking opportunities in software development, e-commerce, and the broader digital economy.

“By investing in both infrastructure and digital literacy - including coding, website design, and other high-demand digital skills - we are laying the foundation for more inclusive economic participation and future job opportunities in the tech sector.

“But this is not just about individual success. It is about uplifting communities. We want to see learners use these skills to help small businesses build a digital presence, support community initiatives, and create solutions that drive local development. Digital transformation must be inclusive, and it starts here - with young people using technology to shape a better future for themselves and those around them,” the Minister said.

This project aligns with the department’s commitment to ensuring that all South Africans have meaningful internet access by 2029. It also supports the department’s goal of equipping citizens with the digital skills necessary to participate in the digital economy. - SAnews.gov.za

 

nosihle
Tue, 02/04/2025 - 15:15

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Government calls on private sector to help bridge digital divide

Location: News

Government calls on private sector to help bridge digital divide

The Deputy Minister in the Presidency, Kenny Morolong, has called for collaboration between the private and public sectors to create a meaningful future for the country’s children and to bridge the digital divide.

The Deputy Minister made the call during the government’s back-to-school programme in Cape Town, Western Cape, on Tuesday. 

Following his speech, the Deputy Minister toured special needs schools that benefited from MTN’s Connecting Every Child initiative. 

The MTN’s Connecting Every Child initiative, a joint effort between the Department of Basic Education (DBE) and the Department of Communications and Digital Technologies (DCDT), aims to provide digital devices and educational content to schools in South Africa.

The Deputy Minister emphasised the private sector’s role in fostering development and investing in youth, underlining its crucial contribution to Africa’s economy.

“I’m happy you are not limiting your responsibilities just to providing goods and services and this is an indication of what government can do working with the private sector and to an extent, society,” he said.

He also praised MTN for its significant contributions to the education sector and expressed his appreciation for both the learners and teachers.

The Deputy Minister stressed the importance of education as a powerful catalyst for change and expressed gratitude for initiatives that improve lives and society.

He visited the Jan Kriel School in Kuils River and Rusthof LSEN (Learners with Special Educational Needs) School in Onverwacht, which both benefited from the colourful computer labs donated by MTN.

The 88-year-old Jan Kriel School is dedicated to teaching and training learners with special educational needs. 

Jan Kriel School Principal, Gerrit Odendaal, stated that the school’s new laboratory has transformed the institution. 

He believes that technology is essential for helping learners gain independence, which is a crucial skill for their development.

“When they leave school, the teacher stays behind and mommy and daddy won’t always be there. But they will have a smartphone, a laptop, a device or some technology that they can take with them.” 

He said the computer lab, equipped with 28 laptops, an interactive whiteboard, and printers, has transformed this school after it previously had an outdated computer room that was not suitable for children with special needs.

Keyboards have now been adapted to be colourful and include special trackpads to support learners whose motor skills are still developing.

“You should have seen their faces the day they walked into that lab for the first time. They are now looking forward to their computer lessons. They ask, ‘Ma’am when is the next period?’ They’re excited to learn and that makes learning and teaching fun,” Odendaal told SAnews. 

Western Cape MTN General Manager, Noluthando Pama, stated that the company believes everyone deserves the benefits of a digitally connected life through the internet.

“We as MTN, our vision, the thing that gets us to wake up every day is to ensure that we’re providing connectivity to communities that don’t have connectivity. So, we chose this school because we also believe that special needs, are very much in need of this digitally connected world.” 

According to Pama, the labs not only make learning enjoyable but also enhance cognitive abilities.

“As a brand, seeing the fruits of all the work we’re doing, it’s very heartwarming.”   

They have also equipped the school with a network mast, allowing for faster and higher-quality connectivity.

She stated that MTN strongly advocates for a public-private partnership in the country.

“That’s when you can truly have an impact on economic growth. What GNU [Government of National Unity] is also doing and bringing the different political parties and vastly so, engaging business on forums such as BUSA [Business Unity South Africa]. 

“You’re seeing a deliberate partnership of MTN and government to benefit children and the community and we love that as MTN we’re not there to ask customers to buy data and airtime from us but we’re investing in their communities and giving their kids digitally enabled tools.” 

She believes that without partnerships with the private sector, it would be difficult for the government to make progress in curbing unemployment.

“The budget of government is limited and of course, the private sector companies have a bit of room to play with,” she added. – SAnews.gov.za
 

Gabisile
Tue, 02/04/2025 - 16:42

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Transforming the Basic Education Sector Can Drive Inclusive Growth

Location: News

The World Bank Group
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Transforming the basic education sector by improving the quality of learning from an early age can drive inclusive growth in South Africa, according to a World Bank report released today. The report also provides an analysis of the country's recent economic performance and prospects for the medium term. 

The fifteenth edition of the World Bank's South Africa Economic Update, entitled Learning: Overdue Reforms and Emerging Priorities for the Basic Education, asserts that the country's successful political transition following elections and the almost total absence of energy load shedding in 2024 have brought the economy back on a positive trajectory. Economic growth is projected to recover from an estimated rate of 0.8 percent in 2024 to 1.8 percent in 2025 and 2 percent in the medium-term. However, such an expansion – which entails doubling the GDP growth rate achieved over the past decade – is still not sufficient to achieve significant progress toward inclusive growth and job creation. At this pace, the report estimates that it will take about 60 years for South Africa to become a high-income economy, while existing high levels of poverty and inequality are unlikely to change significantly.

However, South Africa's economic future could become brighter if the government acts decisively in three directions. First, it could build on recent reforms to further address the severe infrastructure constraints in the energy and transport sectors to encourage business development and increase households' disposable income. Second, it could take a series of concrete actions to improve the efficiency of public spending. If the state cannot spend more, it will have to spend better. Third, the authorities could strengthen the country's human capital to catch up with other upper middle-income countries as this factor plays a crucial role in economic and social development.

“Education is a powerful driver of development, and one of the strongest instruments to reduce poverty and promote equality. It is the necessary foundation for a prosperous economy. South Africa can boost inclusive growth and equality by investing in its people. A well-functioning basic education system is crucial for fostering the skills of South Africa's next generation and driving inclusive growth,” says Satu Kahkonen, World Bank Country Director for South Africa.

“This research by the World Bank Group is well aligned with the government's priorities to ensure all children in South Africa have access to quality education. Interventions such as developing partnerships with stakeholders to broaden access to quality and affordable education, as well as investing time and resources in teacher training will certainly contribute to measurable, positive impacts for our people and the economy,” says Honorable Siviwe Gwarube, Minister of Basic Education, Republic of South Africa.

South Africa prioritizes inclusive growth, with education at the core, but the country faces a learning crisis. Despite significant improvements in learning since the end of the apartheid, about 80 percent of learners in grade 4 could not properly understand what they were reading in 2021. Basic education is also facing a growing financial challenge as budget allocations for the sector have been decreasing in real terms over the last few years. At the same time, the education system needs to expand to accommodate an additional 1.2 million learners by 2030. The ability of the basic education system to efficiently deliver good outcomes is affected by low quality teaching and insufficient accountability. It also suffers due to the proliferation of several small-to-medium scale reading programs that are uncoordinated and do not achieve scale after several years of piloting. Equally worrisome is that the Government's pro-poor funding mechanism for education is not achieving its objective.

To contribute to the policy discussion, the Economic Update proposes a series of possible reforms that can be considered as an initial platform by the authorities in their efforts to enhance access to, and the quality of, basic education:

  • Firstly, the report urges the government to prioritize the foundational years of education, from early childhood to Grade 3, as these years are crucial for long-term learning. It recommends enhancing early childhood services and scaling up early grade reading interventions, including scripted lessons, teacher coaching, quality home-language materials, dedicated reading instruction time, and regular assessments of reading and math skills.
  • Secondly, the government could collaborate with the private sector to improve both access to and quality of education, particularly for low-income learners, addressing gaps the public sector cannot fill alone. Only 5.5 percent of South African school children attend independent schools compared to global averages of 19 percent (primary school) and 27 percent (secondary school). Partnerships with NGOs and building on successful pilots in some provinces could expand the networks of affordable schools and enhance learning efficiently.
  • Lastly, to improve efficiency and equity in education, the report suggests adopting interventions such as Teacher Professional Standards to guide training, scaling up effective interventions, and revising the Norms and Standards for School Funding to address inequities. In the short term, it recommends focusing on improving early-grade learning in the poorest schools with the lowest performance, supported by a revived assessment system to identify struggling schools. 

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

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Africa must assert minerals advantage – Minister Mantashe

Location: News

Africa must assert minerals advantage - Minister Mantashe

Africa must “assert its advantage” in order to benefit from the booming demand for industrially valuable minerals in which the continent is abundantly rich.

This according to Mineral and Petroleum Resources Minister Gwede Mantashe, who delivered the keynote address at the 31st Investing in Africa Mining Indaba, currently underway at the Cape Town International Convention Centre.

“[There] is evidence that the African continent hosts significant reserves of industrially important minerals, such as manganese, copper, coal, nickel, cobalt, titanium, vanadium, lithium and rare earth minerals. 

“With the growing demand for these minerals, Africa needs to assert its advantage and take charge of the growing demand,” Mantashe said.

He insisted that with all the mineral endowments that Africa possess, it should take the opportunity to grow to become one of the most developed continents.

“The truth of the matter is that Africa is the world’s richest mining jurisdiction, possessing at least 90% of the world’s chromium and platinum, 40% of the world’s gold, and the largest reserves of the world’s cobalt, vanadium, manganese and uranium. 

“Despite having these abundant mineral resources, Africa remains poor and this must change. 

“There is no other point in time that will be more opportune for Africa to take control of its development, while still pursuing our strategic partnerships with the rest of the world,” Mantashe said.

Local perspective

Turning to South Africa, Mantashe noted that while the country holds 37% of the world’s manganese ore reserves, only 2% is processed locally.

This, he added, is being looked into by government.

“In [recognition] of this reality and the fact that a lot of value is derived in the processing of these resources, we will this year intensify our engagements with the manganese producers and investors to invest in local beneficiation and thereby add value to these minerals. 

“We are mindful that for local beneficiation to succeed, we need to guarantee consistent, reliable, and affordable electricity supply. Despite the recent setback, I can assure you that now that we have reached over nine months with no electricity interruptions, government is working on measures to reduce administered prices and in so doing, reduce the cost of doing business in South Africa,” he said.

Mantashe outlined government’s plans to turn South Africa into an exploration hub.

“We are… alive to the fact that there can be no mining or beneficiation without exploration; hence, our steadfastness to reignite exploration investment and in so doing, turn South Africa into an exploration site. 

“Our efforts in this regard are beginning to take shape, as evidenced by progress made since we launched the country’s exploration fund during the last mining indaba. 

“We are buoyed by the fact that of the eight beneficiaries to receive funding from the first funding call, at least three of the projects are 100% black-female-owned, whereas all other beneficiaries are more than 50% black-owned,” he said.

Furthermore, some 20 projects are expected to receive funding to the tune of R67 million as part of government’s artisanal and small-scale mining fund.

Mining licensing

The Minister assured investors and mining companies that South Africa’s commitment to putting in place a new mining licensing system is well underway.

“The department and the PMG Consortium are currently finalising the design and configuration phase which is at the heart of the new system. This phase covers all aspects of mining regulations value chain including, inter alia, the client management functionality, rights application submission and processing, and the rights application tracking functionality

“This phase of the project is anticipated to be completed in the next few weeks, and will, thereafter, be followed by the testing and deployment of the new system into the department’s ICT system,” he said.

While that work is underway, the backlog in prospecting and mining applications is also being attended to, with at least 114 mining rights, 982 prospecting rights, and 385 mining permits and ancillaries processed and finalised.

On the international stage and with South Africa being the first African country to hold the Group of 20 (G20) Presidency, Mantashe had this to say to African countries: “With this being the very first time that an African economy leads the G20 for a full one-year term, let us leverage on this opportunity to shape a new era of the African mining industry that meaningfully contributes to the socioeconomic development of our continent, and in building the Africa we want.”  – SAnews.gov.za

NeoB
Mon, 02/03/2025 - 12:45

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Government activities for the week 1 – 7 February 2025

Location: News

Government activities for the week 1 – 7 February 2025

From 1 to 5 February, the Minister of Science, Technology and Innovation, Prof. Blade Nzimande, undertakes a G20 science, technology and innovation visit to the United Arab Emirates and Egypt.

On Monday, 3 February, the South African delegation, led by the Minister of Mineral and Petroleum Resources, Gwede Mantashe, participates in the 2025 Investing in African Mining Indaba convened under theme: “Future-proofing African Mining, today!”.

On Monday, 3 February, the Gauteng MEC for Health and Wellness, Nomantu Nkomo-Ralehoko, oversees the commencement of the single dose Human Papillomavirus (HPV) vaccination drive at Welizibuko Primary School in Klipspruit, Soweto.

From Monday, 3 February, the Government Communication and Information System (GCIS) will host pre-State of the Nation Address (SONA) outreach activities from in the Western Cape province. 

  • Day One: Monday, 3 February 
    11h00: Service delivery outreach, Guga S’thebe Arts Centre.
     
  • Day Two: Tuesday, 4 February 
    15h30: Western Cape Community Media consultative session, Khayelitsha Thusong Service centre.
     
  • Day Three: Wednesday, 5 February
    13h00: Oversight visit to Mitchells Plain Thuthuzela Care centre
    15h00: Community Radio Simulcast Broadcast panel discussion, Mitchells Plain Labour Centre.

On Tuesday, 4 February, the Deputy Minister of Communications and Digital Technologies, Mondli Gungubele, will visit and handover digital migration equipment to a gender-based violence victims shelter in Western Cape, Cape Town.

On Tuesday, 4 February, the Minister of Communications and Digital Technologies, Solly Malatsi, together with the Deputy Mayor of Cape Town, will launch of the SITA STEM Cyberlab in Lansdowne.

On Tuesday, 4 February, the North West Provincial Legislature Portfolio Committee on Economic Development, Environment, Conservation and Tourism, chaired by Mpho Khunou, will hold an oversight meeting with the Department of Economic Development, Environment, Conservation and Tourism, together North West Parks and Tourism Board, over delayed payment of salaries at the entity, and other concerning matters in different entities of the department.  

On Wednesday, 5 February, the Deputy Minister of Tourism, Maggie Sotyu, will host an Outreach Programme at the JL Zwane Memorial in Gugulethu - Western Cape Province - to share information on the department’s capacity and empowerment programmes with a view to encourage active and inclusive participation by the Youth, Women and Small Medium and Micro Enterprises (SMMEs) who seek to advance their career or business in the tourism sector.

On Thursday, 6 February, President Cyril Ramaphosa will deliver the State of the Nation Address in Parliament. 

Matona
Mon, 02/03/2025 - 15:33

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President Ramaphosa to address Mining Indaba

Location: News

President Ramaphosa to address Mining Indaba

President Cyril Ramaphosa will on Monday deliver a keynote address at the Investing in African Mining Indaba in Cape Town. 

The Indaba is the world’s largest gathering of mining’s most influential stakeholders and decision-makers vested in African mining.

The four-day Indaba will be held from 3 to 6 February 2025, at the Cape Town International Convention Centre. This year's event will be held under the theme: “Future-proofing African Mining, Today!”, which places the focus on sustainability and economic value for the African mining sector.

“The President’s participation will highlight the contribution and continued commitment of the Indaba for stimulating interest into African mining for the sustainable economic development of South Africa and the rest of the African continent,” the Presidency said in a statement on Friday. -SANews.gov.za

nosihle
Sun, 02/02/2025 - 10:12

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Stepping up: Pupils to benefit from school shoes initiative 

Location: News

Stepping up: Pupils to benefit from school shoes initiative 

While it is often said that clothes make the man, a new, shiny pair of school shoes may do just the same for many school pupils, especially those that are underprivileged. 

Deputy Minister in the Presidency Kenny Morolong on Tuesday received 470 pairs of school shoes from Capital Centric, on behalf of the Government Communication and Information System (GCIS) which will be donated to needy learners.  

Capital Centric is a dynamic, unlisted public company, specializing in private equity investments. Guided by the philosophy of Kaizen, which,  according to its website, emphasizes continuous improvement, the company focuses on identifying opportunities and building long-term value for its stakeholders.

The Deputy Minister said he was humbled by the gesture as he received the shoes. 

“We are quite elated by the commitment demonstrated by the private sector. This donation will go a long way in helping kids who under normal circumstances would not be able to walk to schools with shoes,” a beaming Morolong said on Tuesday.

He stressed that by working together, the private sector, civil society and government can do more to fundamentally alter the circumstances under which people live.

“This collaboration will go a long way. We really wish to thank you for collaborating with GCIS to drive the programmes that impact our communities. I am speaking for these children who under normal circumstances would not be able to receive these shoes,” said the Deputy Minister.

Capital Centric Chief Executive Officer, Nathaniel Bricknell, said the company not only invests in small, medium, and micro enterprises (SMMEs) and enterprises that are profitable, scalable and sustainable, but also takes pride in playing a pivotal role in driving social impact within the sectors it serves.

“We are elated to hand over 470 pairs of school shoes to GCIS, to be distributed to schools and learners in need,” said Bricknell.

Bricknell explained that each pair of shoes tells its own unique story. This as the shoes are manufactured in South Africa and crafted from medical waste that might otherwise have ended up in landfills or have been destroyed.

Collaboration

“These shoes, made from plastic consumables that transitioned from saving life to creating opportunity, represent the very essence of transformation and sustainability.

“We believe in the power of collaboration to amplify impact. That’s why we have invited other corporates such as FNB and others we work with daily to participate in similar initiatives that drive positive change” Bricknell explained.

Bricknell thanked the GCIS for fostering a cooperative environment that enables the private sector to play an active role in uplifting communities.

“Together we are not just investing in the future of businesses but also in the future of our children, our communities and our country,” he said.

The company's Non-Executive Director, Pearl Munthali, said the entity appreciates the partnership with government.

“We are hoping to continue to partner with government changing the lives of those who are underprivileged in our country,” Munthali said.

The donation comes as schools across the country reopened for the 2025 academic year.
SAnews.gov.za
 

Edwin
Tue, 01/28/2025 - 20:55

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Read moreStepping up: Pupils to benefit from school shoes initiative 

G20 Working Group commits to tackling financing for development

Location: News

G20 Working Group commits to tackling financing for development

The first 2025 G20 Development Working Group (DWG) meeting, which took place this week, was characterised by robust discussions aimed at tackling global development challenges.

This is according to the Department of Planning, Monitoring and Evaluation.

The meeting, which was held from 20 to 23 January, was officially opened by Minister in the Presidency, Maropene Ramokgopa, who emphasised the importance of fostering global solidarity, equality, and sustainable development to create a future characterised by resilience, inclusivity, and sustainability.

Over the three days, G20 DWG members emphasised the importance of investing in enabling the optimal provision of global public goods, universal social protection, financing for development, and the urgent need to address illicit financial flows (IFFs) in the pursuit of the Sustainable Development Goals (SDGs).

According to the department, the meeting reaffirmed that social protection was a critical tool in reducing poverty and inequality while fostering inclusive and sustainable development. 

“The G20 DWG highlighted the importance of scaling up social protection systems, particularly in developing economies, to ensure universal access to essential services. Discussions emphasised the necessity of addressing the needs of marginalised groups, including those in the informal economy and small enterprises, with an emphasis on ensuring that no one is left behind,” said the department.

A key focus of the meeting was the growing financing gap for achieving the SDGs. 

The DWG acknowledged the urgent need for additional, at-scale, and predictable financing to support sustainable development, particularly in Africa and other developing countries. 

Several speakers emphasised the need for stronger regulatory frameworks and international cooperation to enhance national capacities for tackling illicit financial flows (IFFs), which continue to undermine development efforts.

Illicit financial flows, particularly through trade mis-invoicing, were highlighted as a significant barrier to achieving the SDGs. 

“The G20 DWG also recognised the importance of partnerships between customs administrations, financial intelligence units, and law enforcement agencies in curbing these illicit flows. These efforts are crucial for creating fiscal space that enables countries to finance the SDGs and achieve long-term economic resilience.”

As part of its programme, the South African Presidency G20 DWG will host several meetings to develop key outputs and map out a programme of action to advance progress on the SDGs and other global development priorities. 

The 2025 G20 DWG meeting concluded with a clear commitment to tackling the interconnected challenges of social protection, financing for development, and illicit financial flows. 

“The discussions underscored the need for urgent action to close the development financing gap, mobilise resources effectively, and build resilient economies. 

“As the world moves closer to the 2030 SDG deadline, many speakers  in the G20 DWG emphasised the need to support developing countries in their pursuit of sustainable and inclusive development, with a focus on creating fiscal space, enhancing financial transparency, and ensuring that no one is left behind,” said the department. – SAnews.gov.za

Janine
Sun, 01/26/2025 - 11:52

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Eskom edges closer to meeting load shedding target

Location: News

Eskom edges closer to meeting load shedding target

Eskom Group Executive for Generation, Bheki Nxumalo, says eyes at the power utility are now firmly fixed on reaching a year without implementing load shedding - a target that is just slightly more than two months away.

This as Eskom reached 300 days without implementing the scheduled rolling black outs today.

“Credit goes to all our 40 000 dedicated and skilled Eskom employees, who are committed to serving South Africa. Our sights are now firmly focused on delivering one year without load shedding at midnight on 26 March 2025.

“These 300 days without load shedding have been characterised by a significant reduction in unplanned outages, which have long been one of the biggest challenges, a notable improvement in the energy availability factor of approximately 7%, and savings in diesel expenditure of R16.42 billion,” Nxumalo said.

The State-owned entity’s Group Chief Executive, Dan Marokane, said the performance is putting the power utility on a “path to profitability”.

Eskom’s performance has been on a steady upward trajectory since the implementation of the Energy Action Plan introduced by President Cyril Ramaphosa in July 2022, as well as the implementation of the power utility’s own Generation Recovery Plan.

“Public sentiment is shifting. Business leaders, who once had to invest precious capex in self-generation, have enquired whether they should revert to investing in Eskom for their power needs.

“The savings we are making in diesel spend are invested in the business to drive efficiencies further and place Eskom on a path to profitability and long-term operational and financial sustainability,” Marokane said.

Eskom said it will continue to focus on implementing plans to further improve performance.

“Eskom expresses gratitude to all stakeholders, including the Minister of Electricity and Energy, the Eskom Board, government and the National Energy Crisis Committee, for the collaborative effort in addressing the country’s electricity challenges.

“Eskom will continue to focus on implementing generation recovery, strengthening governance, and tackling crime and corruption, while future-proofing the organisation to enable energy security, growth and long-term sustainability to the benefit of South Africa and sub-Saharan Africa,” the power utility said. – SAnews.gov.za

NeoB
Tue, 01/21/2025 - 10:24

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Read moreEskom edges closer to meeting load shedding target

What to Expect at African Energy Week 2025

Location: Business
African Energy Chamber

Africa is on the precipice of accelerated growth, with major energy projects and untapped resources creating an attractive environment for project developers and financiers. With the continent's energy demand projected to more than double by 2050 and fossil fuels expected to comprise up to 60% of the energy mix by 2040, there lies a strategic opportunity for companies to invest, energy portfolios to grow and countries to reap the rewards of their oil, gas and energy resources.

Returning for its next edition from 29 September to 3 October at the Cape Town International Convention Center, the African Energy Week (AEW): Invest in African Energies conference serves as the leading platform for deal-making, energy partnerships and investments. Building on the success of its previous editions, the event offers a platform for capital and technology to be directed towards African energy projects. In 2025, the event returns bigger and better than before.

Greater Focus on Projects, Emerging Opportunities

With 2025 promising to be an impactful year for Africa's energy sector, the AEW: Invest in African Energies conference will further catalyze development by connecting investors to African projects. On the project front, a slate of major developments is either progressing or will begin operations. These include the second phase of the Congo LNG project; the full operation of the Greater Tortue Ahmeyim development in Senegal/Mauritania; the launch of the Cabinda Refinery in Angola; appraisal drilling in Namibia's Orange Basin, and many more. Strategic developments such as the East African Crude Oil Pipeline, the Mozambique LNG project and exploratory drilling continent-wide require capital, highlighting emerging opportunities for global financiers.

Additionally, Africa's 2024/2025 licensing rounds signal a renewed drive to position the continent as a leading frontier. In North Africa, Libya plans to launch a bid round featuring 22 blocks, Egypt plans to host an international bid round for 12 exploration blocks while Algeria will launch a tender featuring 6 onshore blocks. In West Africa, Mauritania, Nigeria and Liberia will launch licensing rounds, while in Southern Africa, Angola will offer 9 blocks for exploration, Namibia is rolling out a new open-door policy and Tanzania will promote 24 oil and gas blocks in March 2025. These opportunities will be on display at AEW: Invest in African Energies 2025, creating an in-roads for new players.

Uniting Stakeholders to Make Energy Poverty History by 2030

As the largest energy event on the continent, AEW: Invest in African Energies convenes energy, finance and policy stakeholders from the global and African markets. From presidents and ministers to explorers and infrastructure developers to financiers and technology leaders, the event serves as the premier event for the African energy sector. This year, the event offers an expanded program, covering strategic topics such as frontier exploration, refining and processing, power development and connectivity, green hydrogen, regulation and skills development. Speakers will not only address the pressing challenges impacting the continent's energy progress but showcase the range of investment opportunities available across the continent. AEW: Invest in African Energies is where African governments meet, international energy firms sign deals, and local companies drive the next wave of energy development in Africa.

Collaborating for a Just Energy Future

While the world prioritizes the development of renewable energy over traditional energy sources, African countries seek to drive a just energy transition that incorporates a variety of energy solutions. AEW: Invest in African Energies not only promotes a just transition in Africa but offers a platform where global and African energy stakeholders can forge a new pathway for the continent. Discussions in Cape Town will center on strategies for accelerating industrialization, how technologies such as gas-to-power and LNG can reduce emissions while bolstering energy security, and the impact of integrated energy systems on African economies. By driving a narrative of inclusivity, AEW: Invest in African Energies fosters collaboration, partnerships and cross-sector investments.

Policy Alignment, Global Engagement

To attract fresh investment in African energy projects, a slate of countries has enacted policy reforms to strengthen transparency and investor certainty. Nigeria signed the Petroleum Industry Act into law; South Africa launched a new petroleum company; the Republic of Congo is preparing to launch a Gas Master Plan; while Algeria has strengthened regulation to attract local participation in oil and gas projects. In conjunction with improved fiscal terms and rules of engagement, these policies have significantly enhanced the business environment in Africa, making 2025 a strategic year to invest in African energy.

For more information about AEW: Invest in African Energies 2025, visit www.AECWeek.com.

Distributed by APO Group on behalf of African Energy Chamber.

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Deputy President delivers eulogy at former Minister’s funeral

Location: News

Deputy President delivers eulogy at former Minister's funeral

Deputy President Paul Mashatile has described the late democratic South Africa’s first Minister of Education, Professor Sibusiso Bengu, as a “distinguished educator, diplomat and a servant of the people”.

The Deputy President was delivering the eulogy at Bengu’s funeral service held at the University of Zululand in KwaZulu-Natal on Friday.

Bengu passed away in December at the age of 90 and was afforded a Special Official Funeral Category 2.

“Today we gather to pay tribute to a remarkable individual, Professor Sibusiso Bengu, a renowned revolutionary, an intellectual of his time. As a country, we have lost a distinguished educator, diplomat and a servant of the people.

“Professor Bengu has played a key role in shaping education and other social policies contributing to the transformation of the sector and most importantly, reversing the legacy of Apartheid education,” Deputy President Mashatile said.

Bengu played a key role in the transformation of South Africa’s education sector following the attainment of democracy and played a role in the transition of higher education in the country.

The Deputy President highlighted this as part of Bengu’s legacy.

“His skills, knowledge and contribution to various sectors of educations showed that he possessed the capacity to revolutionise education by dismantling the dreadful legacies of Apartheid.
“Thirty years later, our education outcomes are still improving – a testament to the profound impact of this icon. As part of President [Nelson] Mandela’s cabinet, he introduced many key pieces of legislation that shaped our education system. 

“Among these are the South African Schools Act of 1996 and the policy recommendations of the National Commission on Higher Education which served as a guide for the government’s efforts to reconstruct and transform the apartheid higher education system,” Deputy President Mashatile explained.

The former Minister advocated for understanding the “connection between education and development”.

“We must continue to address challenges related to access to better education. An educated society has better prospects for a better future and breaking the shackles of poverty and injustices.

“Educated populations correspond with national economic growth and both directly and indirectly increase economic productivity.”

Beyond 30 years of freedom

The Deputy President said that as the country now moves beyond 30 years since the attainment of freedom and democracy, government was “going to invest in the speed of policy execution and implementation”.

“This is to ensure that the critical transformation policy contributions made by Professor Bengu are not undermined and that we continue to drive the change that we are pursuing in this sector.

“Our task is to ensure that the state, institutions of higher education, and the private sector will expand the ten growth sectors, which include finance, manufacturing, agriculture, business, and services, amongst others.

“Our goal is to create much-needed employment while also ensuring that many young people, women, and the most disadvantaged individuals have meaningful participation in the economy. We have also agreed that emerging from the 2024 elections, we are going to focus on growing an inclusive economy and reducing the cost of living,” he said.

Furthermore, Mashatile added, government is actively “investing in the building of a developmental, capable, and ethical state that has the capacity to transform society and redirect development to resolve the challenges of poverty, unemployment, and inequality”.

The Deputy President passed his final condolences to the Bengu family on behalf of the government of South Africa.

“As we accompany our leader and brother to his final resting place, may we always remember how Professor Sibusiso Bengu's political efforts have been vital in furthering our democratic values and socio-economic development.

“His passion to promote equality and fairness has had a long-lasting influence on our society, and this should inspire us. To this day many South Africans, are still benefiting from his immense contribution, and for this we are grateful.

“Once more, on behalf of the government, let me extend our deepest condolences to Mama Funeka, his children and grandchildren, and the entire Bengu family.”

The Deputy President called on society to follow Bengu’s example and “strive for excellence in everything we do”.

“Let his example guide us and his spirit, inspire us to make a positive impact in our country,” he said.

Proceedings at the funeral included ceremonial elements rendered by the South African Police Service.  – SAnews.gov.za

NeoB
Fri, 01/10/2025 - 13:11

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Read moreDeputy President delivers eulogy at former Minister’s funeral

A Booming Continent Needs a New Payment Infrastructure

Location: Business
MultiChoice Group

Africa is an exciting, vibrant and creative place to do business. But make no mistake, it has its challenges. Currency devaluation, political instability, and service disruptions are endemic. Africa is not for sissies, as the saying goes.

In navigating those challenges, relationships matter. It's not so much about throwing money at a problem, it's about investing time, building trust, meeting with partners and regulators, and understanding each other's needs.

Africa offers an enormous upside for those prepared to make this time investment. The continent's population is set to reach 2.5 billion (http://apo-opa.co/3W7Kp4w) by 2050, and Africa's people are embracing digital technology, as the World Bank (http://apo-opa.co/3Waln4F) confirms. They are leveraging digital connectivity to improve their lives, educate themselves, send remittances, and start small enterprises. There is value in investing in that level of human development.

The payments opportunity

Running through this African growth trajectory is a particular business thread: payments (http://apo-opa.co/3WawLxk). There are opportunities for anyone who can simplify, rationalise and standardise payments for the continent's dynamic financial economy.

An organisation in just such a position is MultiChoice (www.Multichoice.com/), the leading pan-African video entertainment provider for almost 40 years. In building a pay-TV network across the continent, with up to 23.5 million (http://apo-opa.co/3WawOJw) customers across 50+ markets, and 100 million+ monthly viewers, MultiChoice also built relationships across the continent to collect payments, for DStv, GOtv, and Showmax – potentially the only large enterprise to need such enormous breadth.

The Group has converted the opportunity that this represents, partnering with global venture-capital firm General Catalyst and payments company Rapyd to launch Moment (http://apo-opa.co/4ad1H5N), which aims to be the broadest, deepest payment network across Africa.

Launching with Showmax and DStv as initial clients, Moment started processing payments for parts of the group in January 2024. By November 2024 MultiChoice was already collecting around 35% of its revenue through Moment rails, and those numbers are rising quickly. Services to other enterprises were rolled out in August.

Moment already collects and disburses across 44 African countries, accepting 200+ local payment methods – spanning in-person payments at over 1 million store and agent locations, mobile money, credit and debit cards, bank transfers, and digital wallets.

Enabling consumers and businesses to move from cash to digital, Moment and its network offers users access to better financial opportunities, lower prices, higher quality goods and services, and full access to the digitally enabled economy.

Expanding the ecosystem

To access the initial target market of large enterprises that will benefit from the reach, breadth, and high performance needed by MultiChoice, Moment has built out a fully cloud-native infrastructure. The platform can deliver on the high daily and weekly loads needed for one of the largest billing bases on the continent, and also smoothly deal with the potential for network outages, power cuts, and other disruptions.

In order to ensure businesses have access to the daily cash flow they need, Moment has built a robust financial reconciliation and settlement system capable of automating and simplifying the daily reconciliation process for enterprises and enabling them to spend tight staffing budgets efficiently, while getting fast, accurate financial reporting and access to their receivables.

To help these enterprise customers expand their customer bases, Moment opens up the largest mass-market suite of payment channels through its network, enabling businesses to fully tap into the mass market's buying power for the first time with a single API connection – providing access to more than a million in-person payment locations across spaza shops, modern retail locations, and a host of online payment options tuned to the needs of each local market.

To ensure that Moment's clients and the market are ready for the future, Moment is building a “coalition” around real-time payments, to educate consumers on the benefits of PayShap and other real-time payment methods that can significantly reduce cost and increase payment speed. DStv and Moment launched PayShap payments in South Africa as the first “consumer to business” real-time payment option built on South Africa's RPP payments system. Moment has developed partnerships with similar systems in the SADC countries and Nigeria to expand real-time payments as the market evolves.

Simplifying the process

One of the reasons MultiChoice first looked at the payments space was precisely because it is a complex environment, characterised by multiple service agreements, commission rates and exchange rates. It made sense to try to simplify the payments landscape, for everyone's benefit.

Africa is a challenging territory, but Africans are agile and innovative. Trends and new solutions emerge constantly. Any platform entering this space must recognise that there isn't one answer; there are many. By partnering with MultiChoice, Moment has built out technology with the flexibility to configure the right solution for each market.

The upsides of building for the challenging scale of MultiChoice as a launch client are significant – other enterprises Moment is working with have built unwieldy daily financial operations to manage their own complexity. Anecdotally, one merchant maintains a staff of 75 people doing reconciliations for their business – operations that can be automated and streamlined leveraging the Moment platform. Moment presents a vast opportunity in simplifying that process, automating it, while enabling customers to focus on their core business and customer relationships.

Africa is the largest single opportunity in the world. As our population booms over the next 20 years, many new business foundations will need to be laid across the continent – especially in the area of payments.

Payments are the lifeblood of Africa's economy. Enabling them efficiently and cost-effectively, across the continent, ensures Africa performs to its full potential. Through the partnership with MultiChoice, Moment is well positioned to be at the core of this transformation for decades to come.

Distributed by APO Group on behalf of MultiChoice Group.

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‘There’s no turning back’ – Minister Ramokgopa on Eskom

Location: News

'There's no turning back' - Minister Ramokgopa on Eskom

The financial year ending March 2024 was an inflection point for Eskom, signifying the turnaround of the energy utility.

This according to Electricity and Energy Minister, Dr Kgosientsho Ramokgopa, who addressed the media at the utility's annual results announcement for the Financial Year 2024.

“The 2024 financial year is a point of inflection. There’s no turning back [and] we’ll only improve from here and that’s the assurance we are giving to the country,” Ramokgopa said on Thursday.

The financial year ending in March was a challenging one for the power utility.

The country experienced at least 329 days of load shedding (between April last year and end of March 2024), there was a decline in plant availability; distribution energy losses amounted to some 13.9TWh as well as worsened emissions performance.

Eskom also recorded a net loss before tax of some R25.5 billion – an improvement from the previous financial year’s R34.6 billion.

The separation of the National Transmission Company has triggered a once-off accounting adjustment – leading to loss after tax of R55 billion.

The National Transmission Company South Africa (NTCSA) officially commenced trading earlier in the year, marking the company’s establishment as a distinct and wholly owned subsidiary of Eskom. At the time, it was said that the NTCSA will own and operate the country’s national transmission system.

The Minister acknowledged the issues faced by Eskom over the last financial year. 

He reminded South Africans, however, that the electricity producer has upped its performance – resulting in more than 260 days of no load shedding, improved plant performance and billions of Rands in diesel cost savings.

“We are taking responsibility of what happened, and the numbers don’t look good. We carry that responsibility and take the good with the bad. The projection outlook going forward is very positive, but we are responsibility for that record. 

“[But] we are able to illustrate to the country that we are moving in the right direction. We can simply improve from here,” he said.
Eskom Group Chief Executive, Dan Marokane, explained that although the year was a “painful year” for the electricity provider, it was also a “building year in terms of our path towards recovery”. 

This was the year in which the Generation Recovery Plan was instituted. A lot of effort went into investing into both maintenance expenditure and human resources that was critically required to enable execution.

“It’s also a year where we started seeing the government debt relief programme kicking into action. The certainty that arises from that gave us the ability to plan better and to do the deep maintenance that was required in that financial year,” he said.

Marokane, reiterated the Minister’s sentiments – calling the tough results a part of the state-owned entity’s recovery.

“We own [the results]. They are our results. They are part of our story. They are part of our journey, and we hope that in due course as we add more points, you will begin to see the recovery path unfolding,” Marokane said. – SAnews.gov.za

 

NeoB
Thu, 12/19/2024 - 14:21

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Read more‘There’s no turning back’ – Minister Ramokgopa on Eskom

Call to expand SA-Angola trade and investment 

Location: News

Call to expand SA-Angola trade and investment 

President Cyril Ramaphosa has called for the expansion of bilateral trade and investment between South Africa and Angola.

“During our official engagement, we reached a shared understanding that significant opportunities exist to further strengthen and expand our bilateral trade and investment relations,” President Ramaphosa said on Thursday.

The President made the remark during the South Africa-Angola Business Forum held at the CSIR International Conventional Centre in Pretoria. This as he hosted his Angolan counterpart, President João Manuel Gonçalves Lourenço, who was in South Africa for a State Visit at the Union Buildings earlier in the day.

READ | SA, Angola deepen ties

Speaking at the inaugural South Africa-Angola Business Forum, President Ramaphosa said it was heartening and encouraging to see a broad representation of business from the two countries. 

“This is in itself a solid demonstration of confidence; confidence in the strength of the region’s two largest economies; confidence in the potential that exists for deepening trade and investment ties; confidence that the governments of both countries are taking the necessary steps to ensure that the business operating environment is improved so investments can be safe and secured,” the President explained.

The first citizen said in his engagements with President Lourenço and the respective delegations, a wide array of critical political, economic and social issues of mutual concern were discussed.

More than 20 South African entities are already investing in Angola in a range of sectors including rail, agriculture, industrial parks, oil refineries, manufacturing, IT, financial services and logistics.

“By way of example, the Development Bank of Southern Africa is financing port development, railway rehabilitation, oil and gas infrastructure and renewable energy development in Angola. 

“The Export Credit Insurance Corporation of South Africa has also maintained a healthy pipeline in Angola in infrastructure development, and the Industrial Development Corporation is involved in financing the Cabinda Oil Refinery and the Cabinda phosphate project. We would like to see substantially more Angolan FDI [foreign direct investment] inflows into the South African economy,” said President Ramaphosa.

In addition, between 2003 and 2024, “only a handful” of Angolan companies were investing in South Africa in communications, financial services and the metal sector.

With respect to trade, though South Africa’s exports to Angola have grown by approximately 11% since 2019, they account for just 3% of Angola’s total imports. 

South Africa’s imports from Angola have declined by some 19% since 2019.

“Casting the net wider presents immense possibilities for improving both trade and investment flows. South Africa is pursuing an ambitious economic development agenda based on export-led industrialisation.

“We seek to revitalise our industrial base, modernise our infrastructure network, and strengthen logistics and supply chain connectivity with the rest of the continent,” President Ramaphosa said, noting that this presents opportunities for cooperation in various sectors such as agriculture and agro-processing, energy and rail rolling stock.

Energy and infrastructure development

On energy matters, the President said the rapid growth of key clean energy manufacturing industries, as part of the global transition to a low-carbon economy, is an area that must be explored urgently. 

“The global energy transition offers new opportunities to upgrade and diversify into technology-intensive global value chains. The transition to a low-carbon economy therefore presents scope for collaboration around critical minerals, specifically with regards to value addition and beneficiation.”

The President said infrastructure development that unlocks intra-Africa trade is a priority.

“We must build on the work already underway on the Lobito Corridor to create sustainable industries in the region. South Africa is ready to partner with Angola in the development of strategic corridors, including the Central, North and South Corridors, with the aim of transforming them into dynamic economic infrastructure projects that can promote growth.”

Cutting red tape

President Ramaphosa called on business and government to use the forum proactively.

“As government and business, we must use this forum to engage proactively around not just the possibilities that exist, but also how to resolve the challenges in the business operating environment. Companies in both Angola and South Africa have challenges that make it difficult to do business.

“Stringent business visa requirements, high export costs, onerous import processes, taxation issues and bureaucratic red tape are just some of these. 

“We must be able to emerge from this forum with a clear understanding of what the main challenges are and what steps will be taken to facilitate greater market access on both sides.

“Promoting greater economic growth for the benefit of Angola and South Africa necessitates that we are agile, adaptable and responsive as both the public and private sectors,” he said. - SAnews.gov.za

Edwin
Fri, 12/13/2024 - 09:42

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G20 Africa Expert Panel to support Finance Track

Location: News

G20 Africa Expert Panel to support Finance Track

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Read moreG20 Africa Expert Panel to support Finance Track

VC4A Connects Funders of Africa’s Startup Success at Africa Early Stage Investor Summit (AESIS2024)

Location: News
VC4A

Over 300 Africa-focused delegates converged at the 11th edition of the Africa Early Stage Investor Summit, and filled up the room for the AESIS Deal Morning ready to engage with Africa's most promising founders. Next to another 15 highly promising startups, VC4A (www.VC4A.com) hosted eight female entrepreneurs from IFC's She Wins Africa program, who took the AESIS2024 stage to pitch their solutions after completing an intensive technical residency in Cape Town. The energy was palpable, reflecting the increasing investor appetite for ventures that not only deliver commercial success but also drive meaningful impact across the continent.

In the opening remarks of AESIS - which took place from the 28th to the 29th of November with the theme “Pioneering Pathways: Innovating Investment Mobilization in Africa” - VC4A CEO Vincent Hoogduijn set the tone for the two-day event. “Why does VC4A organize AESIS every year? The answer is simple - we are here to unite the African early stage investment ecosystem".

The conversations, panels, pitches and ‘investor experiences' resonated deeply with the theme, as a strong call for collaboration not only within the investor community but also from hubs and accelerators, angel groups and venture studios as well as entrepreneurs themselves.

Summing up what was a momentous event, here are the key highlights:

Day 1:

  1. Deep Dive Sessions: The discussions focused on the shifting dynamics of the African ecosystem, particularly around capital market policies, collaborations, and pipeline building. A key takeaway was the need for cross-border collaborations and the role of tech-driven platforms in streamlining the investment process. As Fridah Ntarangwi of Zidi Circle highlighted in the Collaborations and Partnerships panel, "Having functional tech-driven platforms to simplify the investment process, powered by AI and blockchain technology, is key for the ecosystem."
  2. Investor Experiences: An exclusive series of partner-hosted events to close Day 1 of AESIS2024, provided unique and casual style networking opportunities, to promote connections between investors, entrepreneurs, and leaders of industry. Partners include IFC, GIZ-SAIS, FMO Ventures, Lofty Inc Capital, TLCom Capital, Crypto Asset Investment Fund (CAIF), Digital Africa, ENZA Capital, Disraptors and Breega. The relaxed atmosphere facilitated meaningful conversations, affording the opportunity for long-term partnerships and friendships to be built.

Day 2:

  1. Deal Morning: 23 promising portfolio companies (https://apo-opa.co/3ZLzcIY) from 6 organizations - DEG Impulse: develoPPP Ventures, Digital Africa: Fuzé, Ennovate Ventures: TheNextFund, IFC: She Wins Africa, Open Startup and GIZ: SAIS program, pitched their innovative solutions to an audience of investors. The high caliber of startups and the strategic insights shared by the judges created a launchpad moment for the future of the African startup ecosystem, showcasing innovative and impactful solutions to real problems
  2. The Partner Series: Keeping momentum of the power-packed first day, the partner series held segments on Capital Mobilization, Gender Lens and Impact. Taking an apt quote from closing remarks by Thomas van Halen, Director of Investor Services at VC4A “The evolution of the African startup ecosystem reflects the growing maturity of the market, but also highlights the need for innovative and flexible exit mechanisms to meet the diverse needs of founders, investors, and funds.”

Inspiring quotes from AESIS2024

“Entrepreneurs are the architects of Africa's success” said Phuti Mahanyele-Dabengwa, the South Africa CEO, Naspers, and the AESIS2024 Guest of Honour who delivered the moving keynote on Day 1.

Anne Kabugi, Regional Gender Lead at IFC, opening the Venture Showcase - She Wins Africa pitches, tasked the delegates with a question, a food for thought: "What if I told you that Africa's food crisis is going to be solved by women?”

Nicola Tyler of The Thinking Company delivered a welcome on Day 2's Deal Morning, charging the audience with a stand out statement: “Africa is not the biggest problem in the world, it is the biggest opportunity”.

Kenza Lahlou of Outlierz Ventures shared on the Global Development Funding Panel “The role of DFIs is not to be there forever but to provide the investments that work and exit.”

Closing out at the inaugural Awards Ceremony of the Africa Early Stage Investor Summit, Tomi Davies received a ‘Lifetime Achievement Award' for his decades of commitment to promote angel investing in Africa. He delivered a moving speech with all ears listening raptly as he concluded ”Africa's youth population is the best source to build Africa's infrastructure.”

In a statement that perfectly sums up the experience of co-hosting this edition: “AESIS2024 once again pointed out that collaboration is a must,” said Vincent Hoogduijn. “It's been a tough year and we all need to work together to overcome the challenges ahead. Persistence, resilience and adaptability will be key ingredients to see the ecosystem thrive - go fast alone, go far together”

VC4A is grateful for the opportunity to serve the ecosystem as a platform to connect, inspire, and empower. Looking ahead, the collective efforts of investors, entrepreneurs, and policymakers will be essential to unlocking Africa's full potential and driving its economic growth. VC4A's commitment is to continue to unite Africa's startup ecosystems. Together with co-hosts ABAN, VC4A looks forward to reconnecting with old and new friends at AESIS2025 next year.

Distributed by APO Group on behalf of VC4A.

Media enquiries:
Boye Abiodun-Adepoju,
boyewa@vc4a.com 

About AESIS:
The Africa Early Stage Investor Summit (AESIS) is a collaborative venture between VC4A and ABAN, dedicated to advancing innovation and growth in Africa's investment ecosystem. Celebrating its 11th anniversary, AESIS2024 brought together investors, industry leaders, and influencers with the aim of accelerating early-stage investing across Africa. Visit https://AfricaInvestorSummit.com for more information.

About ABAN:
ABAN is the largest pan-African organization of Angel investors in Africa. Established in 2015, ABAN represents the growing number of business angel groups in the African early-stage ecosystems' future, providing vital human and financial capital to African startup companies creating jobs across the continent. Today, ABAN is a 75-member network in 37 African countries and the Diaspora representing over 5,000 angel investors. Visit the ABAN website (http://apo-opa.co/4gtDRVk) for more information.

About VC4A:
VC4A is an ecosystem builder that leverages its infrastructure, network, and expertise for the programs that contribute to the startup movement in emerging markets. Since 2007, the organization has designed, structured, and implemented successful entrepreneurship programs in exciting regions. VC4A runs an online platform featuring a database of startups in Africa and Latin America, connecting entrepreneurs to resources, networks, and funding. Visit the global website at https://VC4A.com/ for more information.

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NPA reaches resolution with McKinsey South Africa

Location: News

NPA reaches resolution with McKinsey South Africa

The National Prosecuting Authority (NPA) has secured a resolution with infamous multinational company, McKinsey South Africa, to pay back some R1.1 billion to state coffers for its role in State Capture.

NPA Asset Forfeiture Unit Head, Deputy National Director of Public Prosecutions, Ouma Rabaji-Rasethaba, has called the resolution a “significant step that takes South Africa forward in fighting crime”.

“The NPA remains committed not only to prosecuting criminals but also to contributing to the economic recovery of the country through restitution. Corporate alternative dispute resolutions address both of these mandates of the NPA in a cost-effective impactful way.

“Such resolutions are a globally recognised and proven crime fighting method. This strategy is to be embraced as South Africa recovers from the effects of state capture,” Rabaji-Rasethaba said.

According to the prosecutorial body, McKinsey will also assist the NPA Investigating Directorate Against Corruption in its “criminal investigations by continuing to hand over information and material in its possession”.

“The Resolution is the product of international co-operation between the NPA and the United States Department of Justice [US DOJ] and was co-ordinated with US criminal justice processes that resulted in a settlement agreement confirmed today by a US Federal Court.

“In terms of the Resolution, McKinsey admits, accepts and acknowledges responsibility under South African law for the criminal actions and conduct of Vikas Sagar, who was a former partner of McKinsey, during the relevant period. As a result of Sagar’s corrupt actions, McKinsey was awarded contracts with Transnet and Eskom amounting to nearly R2 billion.

“McKinsey has already made financial restitution to these entities by returning all fees paid to it, with interest. This Resolution has already greatly assisted in moving investigations concerning implicated individuals forward for decisions to be made regarding any prosecutions,” the NPA said.

Furthermore, the company is also obliged to “continue investing in its extensive local and international corporate compliance anti-corruption programme to prevent and detect future corrupt practices”.

“A dedicated senior compliance official is required who reports to the Board on compliance matters and who holds significant independence. McKinsey previously fulfilled this obligation by hiring a Global Chief Ethics and Compliance Officer in 2021. There are also anti-corruption requirements when contracting with third parties such as supplier development partners.

“Significant due diligence must be carried out before the conclusion of such deals. Compliance is to be monitored and audited on an ongoing basis.

Importantly, the NPA added, McKinsey is bound by conditions in the resolution or risk the re-opening of the investigation against it.

“To ensure fulfilment of these commitments, the Resolution permits the NPA to reopen its investigation concerning McKinsey should it fail to implement that programme, fail to provide the necessary co-operation with the ongoing South African investigations into the relevant conduct referred to in the Resolution, or in the event that it provides materially false, incomplete or misleading information to the NPA,” the prosecutorial body explained. – SAnews.gov.za

 

NeoB
Fri, 12/06/2024 - 11:40

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Read moreNPA reaches resolution with McKinsey South Africa