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SANDF Returns From DRC: A Moment to Honour, Reflect, and Recommit
GOOD Statement by Brett Herron,GOOD Secretary-General 13 June 2025 The GOOD Party welcomes home the over 250 members of the South African National Defence Force (SANDF) returning from deployment in the Democratic Republic of Congo (DRC) as part of the Southern African Development Community (SADC) Mission in the DRC (SAMIDRC). We honour their courage and […]
The post SANDF RETURNS FROM DRC: A MOMENT TO HONOUR, REFLECT, AND RECOMMIT appeared first on For Good.
Unlocking Africa’s $180 Billion Digital Trade Economy
The future of African trade is digital, and it's unfolding. From Dakar to Durban, a quiet but steady transformation is taking shape. According to the United Nations Conference on Trade and Development (UNCTAD), global trade hit a record $33 trillion in 2024, with developing economies, including Africa, playing a growing role in that expansion.
The African Free Continental Trade Area offers the largest free market, including 55 countries, a population of 1.3 billion and a combined GDP of $3.4 trillion. The opportunities are vast, yet the strategies required for industrial players to source, move and manage raw materials and finished goods remain a challenge.
“The continent's digital economy is projected to reach $180 billion by 2025, up from $115 billion in 2020, thus contributing significantly to Africa's GDP, creating new job opportunities, and expanding regional trade. Digital trade is transforming the continent's economic landscape, creating new opportunities for real economic growth, productive job creation, and poverty reduction.” H.E. Dr Jumoke Oduwole, Minister, Federal Ministry of Industry, Trade & Investment
“Building on this rapid expansion, our focus must shift from isolated digital initiatives to a fully integrated ecosystem that streamlines every step of trade—sourcing, supplying, logistics and payments. By integrating these functionalities on a single platform, Matta enables manufacturers to navigate sourcing headaches and suppliers to manage cross-border complexities with confidence and unlocks new markets in Africa in real time. This holistic approach is what will transform digital trade's potential into tangible, inclusive economic growth across Africa.” Mudiaga Mowoe, Founder and Chief Executive Officer, Matta.
Launched to enable sustainable African economies, Matta's integrated ecosystem—today powered by the Matta digital marketplace (www.Matta.Trade) and the Flux logistics management tool, with Oxide Finance (Matta's upcoming trade-financing and cross-border payments platform) arriving soon—empowers manufacturers and suppliers across food & beverage, home & personal care, paints & coatings, agro-processing, automotive assembly, textiles, construction, and beyond with truly end-to-end sourcing, movement, and settlement. Rather than supplanting traditional trade networks, this unified platform amplifies human partnerships through real-time visibility, traceability, and seamless transactions.
This evolution in digital trade and industrial growth is one of the key conversations that will take centre stage at the West Africa Industrialisation, Manufacturing & Trade (West Africa IMT) Summit and Exhibition, set to take place from October 21-23, 2025. West Africa IMT is a high-level platform for government leaders, investors, manufacturers, and technology innovators to align practical solutions and policy frameworks for accelerating Africa's industrial transformation.
Matta, Africa's integrated ecosystem for industrial trade, will join other industry stakeholders across the continent at West Africa IMT 2025 to discuss the potential opportunities for industrial growth in the West African sub-region. As manufacturers increasingly seek more innovative, more efficient ways to power production beyond physical infrastructure and policy support, there's an urgent need for systems that simplify sourcing, enhance transparency, and ensure supply chain reliability. Matta addresses these challenges by connecting African manufacturers directly to verified suppliers of raw materials and commodities, ensuring business continuity in an environment where procurement bottlenecks often slow production timelines.
Digital platforms address multiple challenges simultaneously: procurement complexities, logistics coordination, payment processing, and data-based planning. By integrating these capabilities into industrial operations, West African economies can accelerate development timelines and establish competitive manufacturing centres that participate effectively in global markets.
As African nations chart independent economic paths, digital trade platforms like Matta will significantly influence how quickly and effectively new industrial capabilities develop. The transformation in African trade is already underway, with effects that will continue to reshape economic relationships for years to come.
West Africa Industrialisation, Manufacturing & Trade Summit & Exhibition
21-23 October 2025 I Landmark Centre | Lagos | Nigeria
Distributed by APO Group on behalf of dmg Nigeria events.
Contact Details:
Roshan Jan-Mahomed
Head of Marketing – Africa
Email: info@westafricaimt.com
www.WestAfricaIMT.com
About the West Africa Industrialisation, Manufacturing & Trade Summit and Exhibition 2025:
The Pre-eminent Global Gathering Driving West Africa's Industrial Revolution
The West Africa Industrialisation, Manufacturing and Trade (West Africa IMT) Summit and Exhibition will unite the industrialisation ecosystem, including energy, finance, infrastructure, manufacturing, raw materials, logistics/supply chain, technology, trade and security, to accelerate a sustainable industrial revolution for West Africa. As governments across the region have declared industrialisation as a key priority, the Strategic Summit will feature the visions from Heads of government seeking public–private partnerships to drive industrial revolution across the region. Decisive action is at the core of the agenda, providing solutions for sustainable resource valorisation and opening up trade pathways for economic development and prosperity.
Participation is expected from across the global industrialisation value chain including the following industries: Aerospace, Agriculture, Automotive, Chemicals, Construction, Energy & Utilities, FCMG, Heavy Industries, ICT & Electronics, Infrastructure, Logistics & Transportation, Machine & Equipment, Maritime, Medical, Mining, Plastics & Rubber, Pharmaceuticals, Retail, Technology Solution Providers, Textiles, Water & Utilities.
● 15+ African ministers
● 25+ countries represented from around the globe
● 70+ expert industry speakers
● 250+ exhibiting companies
● 500+ conference delegates
● 2,500+ attendees
About dmg Nigeria events:
dmg Nigeria events is a subsidiary of dmg events. dmg events is a wholly owned subsidiary of the Daily Mail and General Trust plc (DMGT), an international portfolio of information, media and events businesses.
DMGT manages a diverse, multinational portfolio of companies, with total revenues of around £1 billion, that provide businesses and consumers with compelling information, analysis, insight, events, news and entertainment. Its venture capital business, dmg ventures, holds minority stakes in early-stage businesses and focuses particularly on disruptive consumer media propositions.
Headquartered in Dubai, UAE since 1989 with offices in Canada, Egypt, Nigeria, Saudi Arabia, Singapore, South Africa, Thailand and the UK. dmg events is an international exhibition, conference and intelligence company, attracting more than 1,000,000 attendees to a portfolio of over 80 events each year.
This global portfolio works closely with key stakeholders across the industry to facilitate pragmatic dialogue, serving as a platform for the latest discussions at the forefront of change.
For more information on dmg events, visit: www.dmgevents.com
Mashatile Undertakes an Official Working Visit to France
Deputy President Shipokosa Paulus Mashatile will undertake an official Working Visit to the Republic of France from 19 – 24 May 2025, for the South Africa-France Investment Conference. The Visit is aimed at strengthening relations between the two countries and, most importantly, mobilising investments in order to realise the country's economic growth and transformation objectives.
South Africa and France enjoy cordial relations underpinned by a robust bilateral cooperation programme in areas such as Political Dialogue, Defence, Science & Technology, Energy cooperation, Education and skills development, Health, Transport, Arts and Culture, among others.
This Investment Conference will be held under the theme “SA-France: A Partnership for Mutual Prosperity” with the objective of attracting Foreign Direct Investment (FDI), Public-Private Partnerships (PPPs), and financial resources focusing on key issues such as unemployment, poverty, inequality, climate change and transitions in the digital economy.
The Conference will be centred on eight main sectors, namely Energy, Infrastructure, Transport and Logistics, Finance, Tourism, Agriculture and Agro-Processing, Mining, as well as Information and Communication Technology (ICT). There will also be breakaway groups, which will explore practical steps for projects and investments in these areas.
In addition, the Conference will consist of a high-level segment by Government officials who will lead on thematic discussions related to investment opportunities, policies, and the investment climate in South Africa.
The Deputy President is expected to have a bilateral meeting with his counterpart, Mr Francois Bayrou, Prime Minister of the French Republic.
Deputy President Mashatile will be accompanied by Dr A Motsoaledi: Minister of Health; Ms S Ndabeni-Abrahams: Minister of Small, Business Development; Ms B Creecy: Minister of Transport; Mr G McKenzie: Minister of Sport, Arts and Culture; Ms Patricia de Lille: Minister of Tourism; Mr A Botes: Deputy Minister of International Relations and Cooperation; Mr B Manamela: Deputy Minister of Higher Education and Training; Mr Z Godlimpi: Deputy Minister Trade, Industry and Competition; and Ms S Graham-Mare: Deputy Minister of Electricity and Energy.
Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.
Conrad Names Squad For ICC World Test Championship Final 2025
JOHANNESBURG: Proteas Men’s head coach Shukri Conrad has today announced the 15-player squad for the highly anticipated ICC World Test...
Government Business Partnership Sets Three-Month Sprint to Accelerate Delivery
President Cyril Ramaphosa today convened ministers and senior business leaders under the Government Business Partnership. The partners agreed to fast-track the implementation of key structural reforms and support performance improvements at Transnet and Eskom through an accelerated delivery plan and an intensified phase of the Partnership's ongoing efforts to expedite delivery on priority interventions vital to economic growth and job creation.
The partnership believes that this acceleration is necessary to achieve a step-change in progress in response to difficult economic headwinds. Focus will remain on improving Eskom's Energy Availability Factor (EAF) and unblocking delays in new generation capacity to ensure a continued reprieve from load shedding. Work is underway to resolve grid access and allocation bottlenecks that hinder new generation projects. Whilst Transnet's performance is not at the level required, it has stabilised and there is a significant focus on growing volumes which will increase exports and revenue collected to support economic growth and preserve and grow employment.
Expediting reforms and performance improvement is crucial to reducing the possible negative impact of the complex global and domestic environment, which continues to present substantial challenges and uncertainty. GDP growth projections for 2025 have been revised down, and current forecasts remain far below the minimum 3% required to create the level of jobs needed to make an impact on the country's high levels of unemployment.
The Government Business Partnership, established in 2023, is focused on accelerating crucial reforms and operational improvements to lift confidence levels and to drive economic growth in four priority areas: energy, transport and logistics, crime and corruption, and youth employment (the latter added in January 2025).
President Cyril Ramaphosa said: “Through the strength of this partnership, we have been able to unlock many constraints that undermine growth and job creation. While there is much to improve, the dedication and commitment from both government and business remains undiminished. The pace of our work must increase to match the scale of the challenge.”
Important progress has been made to lay the groundwork for sustained accelerated action, including the finalisation of the Transnet Network Statement, the launch of a Request for Information (RFI) to attract private investment in port and rail infrastructure, and NERSA's approval of electricity wheeling regulations. These reforms enable broader private sector participation in energy and transportation and logistics. Both the crime and corruption and the youth employment focal areas are largely tracking against their plans which have a longer-term time horizon.
In line with this commitment to focused execution, the Partnership welcomed the launch of the second phase of Operation Vulindlela, which has a delivery focus that closely aligns with the Partnership's objective of more rapidly accelerating reforms and operational improvements that will drive growth and job creation.
Adrian Gore, BUSA Vice President and business co-convenor of the Partnership, said: “We are entering this accelerated execution “sprint” with a real sense of urgency. Progress has been made, but it's not enough. This requires a step change in the pace of decision making and execution. We need to redouble our collective efforts to help shift the country onto a sustained upward trajectory and deliver on our shared ambition of a virtuous cycle of growth, jobs, a more positive narrative and increased investment.”
Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.
Government to recruit 1 200 new doctors
Government to recruit 1 200 new doctors
In a significant move to address the critical shortage of healthcare professionals in the public healthcare system, the National Health Council has announced the approval of 1 200 new positions for doctors.
The decision comes after years of budgetary constraints that hindered the employment of medical professionals despite dissatisfaction and urgent need.
Health Minister, Dr Aaron Motsoaledi’s announcement follows the presentation of a new budget by the Finance Minister on 12 March 2025, which allocated R1.78 billion to fund the recruitment of healthcare workers.
In addition to the 1 200 doctors, Motsoaledi said the Council has approved the hiring of 200 nurses and 250 other healthcare professionals.
He told journalists that the Human Resources units will soon commence with recruitment processes once all logistics have been finalised.
“Early this year, the country woke up to widespread dissatisfaction about the employment of healthcare professionals, especially doctors amid [a] shortage in the public healthcare system,” he said.
However, Motsoaledi believes that this development marks a turning point for the public healthcare sector, which has been struggling to meet the demands of a growing population.
The Council’s decision is expected to alleviate pressure on existing healthcare facilities and improve access to quality medical care for citizens.
Meanwhile, he said the Council emphasised its commitment to addressing the challenges facing the system and ensuring that the sector is adequately staffed to deliver essential services.
The Council is a statutory body consisting of the Minister of Health, all nine Health MECs, the South African Local Government Association (SALGA) and the Surgeon General of South African Military Health Services.
Addressing shortages
“One of the most embarrassing experiences the public health sector had to endure is the shortage of simple things that will make the stay of patients a worthwhile experience.
“In fact, one of the biggest differences between the public and private sectors are the hotelling services characterised by the issues we have just mentioned,” said Motsoaledi.
He said the Council has decided to purchase 25 000 beds, 80 000 mattresses, 7 655 bassinets for new babies, and 1 250 million linens, including bed sheets and pillows, for a total of R1.346 billion.
“It is for that reason that we wish to announce that we have checked province by province what that need [is] in the form of hospital beds and bassinet for newborn babies. We remember with a sense of shame how babies were put in cardboard boxes in Mahikeng hospital in the North West province.”
Review of human resources policies
Meanwhile, Motsoaledi said that during the Council meeting held in November last year, a decision was taken for the review of some of the “outdated” human resources policies.
“There are lot of health policies adopted at the dawn of democracy which we believe are now obsolete or do no longer serve the purpose they were intended for. Some of them have created unnecessary costs without any tangible benefits. We can even say some have contributed to the undermining of the public sector’s ability to deliver quality services.”
Four health policies are currently under review, including the policy on remunerative work outside the public service, which outlines the regulations for employees wishing to obtain permission for paid work beyond their regular responsibilities.
A committee that has been set up, in terms of section 91 (1) of the National Health Act of 2003 (Act no 61 of 2003) read with sections 91 (2) of the same Act, will also look into the overtime policy, which pertains to established fixed payment for overtime hours worked by healthcare professionals, aimed at meeting operational demands and addressing skill shortages.
In addition, the community service policy, which focuses on the deployment of medical practitioners and the rural allowance policy, designed for medical practitioners serving in remote rural locations, will also be looked into.
The committee members include Dr Cassius Lubisi, Sibongile Mchunu, Professor Laetitia Rispel, Professor Eric Buch, Dr Terence Carter, Dr Rajen Morar, Professor Binu Luke, Nomvula Marawa, Professor Busisiwe Ncama and Professor Somadoda Fikeni. – SAnews.gov.za
Gabisile
Fri, 04/11/2025 - 09:52
114 views
Government empowers spaza shops
Government empowers spaza shops
With the launch of the R500 million Spaza Shop Support Fund (SSSF), government is ready to assist entrepreneurs who want to establish startups, expand their businesses, and gain essential business skills to improve the performance of their enterprises.
This is according to the Minister of Small Business Development, Stella Ndabeni.
With the recent drive to have spaza shops registered, government has received 87 407 applications and of these, a total 53% is from South African-owned spaza shops.
“Our commitment with this fund is to support those who heeded the President’s call to register their spaza shops. As the Department of Small Business Development (DSBD), we can help you when you have an idea and want to start a business.
“We have incubators that help new and startup businesses. We can help you from being an informal trader to a formal trader, to start a spaza shop and to own a wholesale or an entire distribution channel. We will be working with you to help you to turn things around,” said Ndabeni.
The support fund was launched on Tuesday in Soweto to support South African-owned township community convenience shops, including spaza shops, to increase their participation in the townships and rural areas retail trade sector.
READ | Government launches R500 million Spaza Shop Support Fund
Jointly administered by the National Empowerment Fund (NEF) and the Small Enterprise Development Finance Agency (SEFDA), the fund provides critical financial and non-financial support to township businesses, including community convenience stores and spaza shops.
The fund provides various types of support, including the initial purchase of stock via delivery channel partners, upgrading of building infrastructure, systems, refrigeration, shelving and security, as well as training programmes, which includes point of sale devices, business skills, digital literacy, credit health, food safety and business compliance.
“The fund will address economy of scale disadvantages by linking spaza shops to buying groups for aggregation and bulk purchasing; building business capacity through training and support to improve shop operations; and enhancing market competitiveness to help spaza shops compete with larger retailers," the Minister said.
The fund will be rolled out nationally to impact spaza shops across all major townships, as well as rural areas.
The Minister said government endeavours to work with entrepreneurs to localise supply chain opportunities for township and rural enterprises.
This will ensure that spaza shops do not procure imported products or simply use the platforms of large companies.
“To achieve this, we will utilise other instruments like the Small Enterprise Manufacturing Support Programme, Township and Rural Entrepreneurship Programmes (TREP), the Informal and Micro Enterprise Development Programme (IMEDP), Asset Assist, and our Shared Economic Infrastructure Facility.
“These programmes in turn have the potential to attract municipalities, the private sector, business and informal trader associations, and other stakeholders to work together in contributing their facilities, expertise and resources in support of new localised supply chains and distribution networks for spaza shops.
“Logistics management partners will offer logistics management services, including warehousing and delivery solutions. They will ensure that products are stored safely and delivered efficiently, reducing transportation costs, and improving the overall supply chain efficiency for spaza shops,” the Minister said.
DSBD Connect
The department has recruited 52 Business Regulation Officers across all districts and metros to support business registration using the DSBD Connect system.
DSBD Connect is a platform which will be used to collaborate or put together small business to collaborate and/or work together on a particular project.
This can be businesses within the same industries or different industries but need each other for specific skills or qualifications.
The platform will put together small businesses within the same geographical area, interests, and skills.
“Despite their importance, spaza shops face several challenges, including access to capital, security concerns, and competition from formal retailers, like larger retail stores and supermarkets which are encroaching on their markets.
"South African-owned spaza shops also face intense competition from foreign-operated spaza shops, who use more organised supply chains to gain competitiveness.
“Therefore, I want to encourage you to collaborate and establish cooperatives so that you can leverage resources, knowledge, and work together on projects, sharing best practices,” Ndabeni said.
Access to funding
To access the funding, applicants need to apply to the National Empowerment Fund (NEF) and the Small Enterprise Development Finance Agency (SEFDA) through the prescribed application process outlined on the relevant institution's website.
The following website can be used to apply for funding:
Spaza Shop Support Fund - www.spazashopfund.co.za
NEF - www.nefcorp.co.za
SEDFA - https://systems.sefa.org.za/SMMEPortal/
The contact details for the Spaza Shop Support Fund call centre are 01 1 305 8080 or via email: Spazafund@nefcorp.co.za.
Contact details for the NEF call centre are 0861 843633, SEDFA call centre 012 748 9600 or an email can be sent to helpline@sefa.org.za. - SAnews.gov.za
nosihle
Wed, 04/09/2025 - 10:27
162 views
Gauteng targets R300 billion in investments to boost economy
Gauteng targets R300 billion in investments to boost economy
Gauteng Economic Development MEC, Lebogang Maile, says the province is aiming to secure at least R300 billion in investment pledges at the Gauteng Investment Conference (GIC), to be held in Johannesburg.
The MEC was speaking during a media briefing on the state of readiness of the province to host the conference, to be held at the Johannesburg Stock Exchange, in Sandton, on 3 April 2025.
“Leaders across all tiers of government, including Minister of Trade, Industry and Competition, Parks Tau, Premier of Gauteng Premier Lesufi, and Johannesburg Mayor Dada Morero, will provide inputs at the conference. The keynote address will be delivered by the Deputy President, who also serves as the Leader of Government Business in South Africa, His Excellency, Paul Mashatile.
“Of equal significance is the large contingent of leaders across the business and government sectors on the African continent, the African diaspora and the globe. With over 50 companies represented, the conference will be a convergence point of the world’s most important companies in various sectors,” Maile said.
The Gauteng province is of importance for South Africa’s economy and contributes at least 33% to the national Gross Domestic Product, and nearly 7% of sub-Saharan Africa’s output.
“The [GIC] is a transformative event in affirming the place of the Gauteng province in the continental economy. We are asserting that the development of Gauteng is in the best interest of South Africa, the Southern African Development Community and the continent broadly.
“Thus, investment in the economy of Gauteng extends beyond the confines of its provincial borders into other lands across the entire continent,” the MEC said.
Furthermore, the conference will also serve as a platform for critical dialogue that will “enable direct engagement between policy makers, investors and industry experts”.
“This will ensure that we come out with tangible and applicable outcomes. The sessions will focus on, amongst other things, public-private infrastructure investments, as well as key Gauteng most dynamic and high growth sectors, including…advanced manufacturing, green and renewable energy, ICT [information and communication technology] and data infrastructure, transport and logistics, smart property development and urban regeneration, as well as tourism and the creative economy,” he said.
Maile emphasised that these sectors are critical to ensuring development on a provincial, national and continental level.
“Investment in these sectors offers the most reliable instrument for ensuring sustainability and development, offering a clear path to economic prosperity that is anchored on inclusive growth, environmental protection and human development,” Maile said. – SAnews.gov.za
NeoB
Wed, 04/02/2025 - 13:46
264 views
Ramokgopa announces Independent Transmission Programme
Ramokgopa announces Independent Transmission Programme
Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, has announced that government will pursue private investment for the construction of transmission lines through the Independent Transmission Programme (ITP).
The Minister made the announcement of the new programme during a media briefing, held in Pretoria, on Tuesday.
During the briefing, Ramokgopa touted the pilot programme for the ITP which will pave the way to the construction of 1 164 kilometres (km) of new transmission lines, designed to support renewable energy projects.
“Our renewable energy assets are not fully exploited as a result of the constraints on the transmission side. The Eskom balance sheet and the sovereign balance sheet is not sufficient to carry the kind of investments that are required in this space.
“In terms of the transmission development plan…we will need modernise and expand transmission by about 14 000km and for us to be able to do this, we need about R440 billion. The State is not in a position to provide that kind of support. So, today we are introducing the independent transmission programme,” Ramokgopa said.
He said a ministerial determination has been issued to create a “dispensation that allows for private sector participation”.
“Our view is that there’s a need for us to be able to ensure that we are able to accelerate and support transmission infrastructure development. The transmission development plan does say that we need this 14 000km of new lines to be able to unlock the capacity, especially in the cape provinces.
“That is where we have the most efficient and reliable energy assets in the form of solar and wind, but we have exhausted all of the transmission that allows us to evacuate the electrons so that the economy can benefit from those assets,” the Minister said.
Ramokgopa added that the procurement of transmission will be done in the most cost-effective way, while regulations will be issued this Thursday.
“The Ministry is the one mandated to procure and then the NTCSA [National Transmission Company of South Africa] is the party that buys that. We are going to ensure that we procure the most cost-effective and tendering procedures that are fair, competitive and equitable.
“The requirement for the ITP pilot has to be consistent with transmission development plan and it must also support the IRP [Integrated Resource Plan]. It must [also] be commercially viable,” Ramokgopa said.
It is envisioned that with the new transmission lines, at least 3000 megawatts (MW) of energy will be added to the grid.
“The new generation capacity that we are going to unlock as a result of this intervention is 3 222 MW. It is about 63% of the total capacity of Medupi and Kusile [power stations]. We are moving in the right direction.
“For the South African economy to grow, we need to unshackle the issues of the structural constraints, which is electricity and the inefficiencies in the logistics side. The second is greater investment by the private sector. Electricity gives us a pristine opportunity to transform the economy [and] grow the economy,” he said.
A Request for Qualification will be issued in July while a Request for Proposals will be issued in November. – SAnews.gov.za
NeoB
Tue, 04/01/2025 - 12:35
188 views
Creecy unveils private sector role in revitalising rail and port infrastructure
Creecy unveils private sector role in revitalising rail and port infrastructure
Transport Minister Barbara Creecy has officially unveiled a groundbreaking Request for Information (RFI), aimed at transforming the country’s struggling rail and port infrastructure through strategic partnerships with the private sector.
“Today, I am launching an online request for information to develop an enabling environment for Private Sector Participation (PSP) and enhance investment in rail and port infrastructure and operations,” Creecy said during a media briefing on Sunday.
The Minister described this decision as a significant step in government’s efforts to partner with the private sector, ensuring that the country’s rail network and ports reclaim their crucial role in enhancing trade and driving economic growth.
Creecy highlighted the urgent need for intervention, citing significant challenges, including infrastructure deterioration, vandalism, theft, underinvestment, and operational inefficiencies that have hindered economic growth.
“The limited availability of State resources to fund infrastructure development and address backlogs has intensified these challenges, severely restricting the ability of State-Owned Entities (SOEs) to fulfill their critical mandates.,” she explained.
The Minister told journalists that Transnet and government have received many “unsolicited“ proposals from the private sector offering investment skills and expertise to support the rehabilitation and reform of our struggling rail and port systems.
“This overwhelming interest has made it clear to the department and Transnet that we must engage in broad and inclusive market research before issuing requests for proposals in August this year.”
However, according to the Minister, these processes are not formal procurement methods, but rather a mechanism to gather and analyse information from the market.
She stated that the government recognises the importance of understanding the freight logistics landscape from the perspective of interested and affected parties.
The Minister believes that this will ensure that solutions are both effective and sustainable during this initial phase of PSP.
The RFI targets key mineral export routes, include the corridor from Northern Cape to Saldanha for iron ore and manganese exports, as well as the routes from Limpopo and Mpumalanga to Richards Bay for coal and chrome exports.
In addition, there is an intermodal supply chain project that focuses on the container and automotive sectors.
This project encompasses the port, container, and automotive port terminals, as well as back-of-port arrangements and railway and inland terminals.
It will also address the corridors connecting Gauteng and KwaZulu-Natal (Durban), Gauteng and Eastern Cape (East London, Port Elizabeth and Ngqura), and Gauteng and Western Cape (Cape Town).
“The RFI represents a pivotal step forward in our shared commitment to building a 21st-century transport system that goes beyond mobility to strengthen industrial competitiveness, deepen regional integration, and drive inclusive economic growth.”
Creecy believes this move will help the department express challenges in a structured and coherent manner, clearly defining their scope, context, and impact to guide the development of focused, strategic, and sustainable solutions.
Support for new and emerging players
Meanwhile, Creecy said the State has committed to principles of job retention, State asset ownership, localisation, and Broad-Based Black Economic Empowerment (BBBEE) and gender equality, by providing strong support to new and emerging players in the rail and port sectors.
A dedicated PSP unit, to be hosted by the Development Bank of South Africa, will oversee the initiative.
The eight-week online consultation process, running from 24 March to 9 May 2025, aims to gather comprehensive market insights before issuing formal proposals in August.
Stakeholders are encouraged to participate through the department’s website or dedicated online portal at www.psp-rfi.co.za, with all submitted information to be treated confidentially.
“I encourage all Interested and affected parties to actively engage in this RFI process, contributing to the PSP unit’s efforts in shaping the potential PSP programme of projects and designing future bid packages for procurement,” she added.
Government plans to release a second RFI focusing on passenger rail initiatives in May this year. – SAnews.gov.za
Gabisile
Sun, 03/23/2025 - 13:28
57 views
UAE Investments Drive African Mining Growth
Ambrosia Enters Malian Market
In February 2025, investment fund Ambrosia Investment Holding acquired a 50% stake in Canadian firm Allied Gold's mining projects in Ethiopia and Mali. As part of the deal, Ambrosia will inject $375 million in working capital to accelerate project development, boosting Ethiopia and Mali's gold output by 290,000 ounces per annum by mid-2026 and 400,000 ounces per annum by 2028, respectively. Additionally, Ambrosia plans to deploy solar photovoltaic and battery energy storage systems to ensure energy security at the Sadiola mine in Mali by July 2026 as part of the acquisition agreement.
AD Ports Kickstarts Luanda Operations
Logistics firm AD Ports Group started operations at the Luanda Port in January 2025 as part of a $250 million investment plan. With the Luanda Port handling 76% of Angola's cargo volumes and serving as a crucial trade corridor between international markets and Angola, Zambia and the Democratic Republic of Congo, AD Ports' investment will bolster the region's mining sector. AD Ports will operate the terminal over the next 20 years. The company could increase investments at the facility to $380 million to meet the growing demand for logistics as Angola's container volumes are anticipated to increase by 3.3% annually over the next decade.
IHC Bolsters Production at Mopani Mine
International Holding Company boosted ore production at the Mopani Mine in Zambia from 2.2 million tons to 2.8 million tons in January 2025 through its $1.1 billion investment made in March 2024. The mine has also improved copper grade from 1.68% to 2.21% and expanded employment from 10,765 to 12,684 workers.
Emiral Expedites Ghana, Mauritania Projects
Emiral Mining is fast-tracking its iron ore project in Mauritania, with a pre-feasibility study report set for release in Q1, 2025. The company has invested $40 million in exploration since February 2020. Additionally, Emiral Mining is strengthening Ghana's gold industry through its majority stake in Asante Gold Corporation, the operator of Ghana's major gold mines such as Bibiani and Chirano. Asante Gold Corporation is undertaking a $522 million expansion program for the Bibiani and Chirano Mines.
Looking Ahead
A number of UAE public and private sector entities are seeking partnership and investment opportunities across various African markets. International Resources Holding signed an agreement with South Africa's Public Investment Corporation in late 2024 to invest in mining, green energy and logistics projects. Similarly, DP World announced a five-year $3 billion investment plan in mid-2024 to enhance Africa's logistics infrastructure and facilitate mineral exports to international markets. In Kenya, the UAE Ministry of Investment and Abu Dhabi's sovereign wealth fund ADQ signed agreements in 2024 to invest in the country's mining sector as part of broader efforts to enhance bilateral trade and economic cooperation.
The upcoming African Mining Week – taking place October 1-3 in Cape Town - presents an ideal platform for UAE and African stakeholders to strengthen industry cooperation. As the premier event for the African mining industry, African Mining Week fosters collaboration and dealmaking, striving to advance projects and consolidate the continent's position as a global mineral producer. The event takes place under the theme From Extraction to Beneficiation: Unlocking Africa's Mineral Wealth.
African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
Distributed by APO Group on behalf of Energy Capital & Power.
Cabinet welcomes Bushiri extradition ruling
Cabinet welcomes Bushiri extradition ruling
Cabinet has welcomed the ruling by the Republic of Malawi’s Chief Resident Magistrate Court that Shepherd and Mary Bushiri be extradited to South Africa to stand trial on multiple criminal charges.
The charges include rape, contravening the Financial Advisory and Intermediary Services Act, the Banking Act, Immigration Act, as well as violating their bail conditions.
Minister in the Presidency, Khumbudzo Ntshavheni, said this decision underscores the principle that no one is above the law.
“This ruling shows that no one can run away from the rule of law, and also reaffirms the judicial independence, international cooperation, and mutual trust between the South African and Malawian legal institutions.
“We are aware that that the Bushiris have indicated their intention to appeal. However, we are confident that we have a strong case against them,” Ntshavheni said at a post-Cabinet media briefing on Thursday.
The Minister said South Africa stands ready to collaborate with the International Criminal Police Organisation (INTERPOL) to coordinate the transfer arrangements and logistics to ensure that they are brought to South Africa to stand trial.
Shepherd Bushiri, a self-proclaimed prophet, and his wife, Mary, were arrested in South Africa in 2019 on charges of fraud and money laundering. In October 2020, they faced additional charges, including violations of immigration laws.
While out on bail, the couple fled to Malawi in November 2020, leading South African authorities to initiate extradition proceedings. – SAnews.gov.za
DikelediM
Thu, 03/13/2025 - 14:09
383 views
Cabinet welcomes GDP growth in fourth quarter of 2024
Cabinet welcomes GDP growth in fourth quarter of 2024
The 0.6% increase in South Africa’s gross domestic product (GDP) in the fourth quarter of 2024 signals a recovery across the economy, says Minister in The Presidency, Khumbudzo Ntshavheni.
“Cabinet is confident that the increased focus and pace of delivery on economic structural reforms, improved service delivery and State capacity, and increased participation of the private sector will spur further growth of the economy in 2025 and beyond,” the Minister said during a post-Cabinet media briefing in Cape Town on Thursday.
According to Statistics South Africa (Stats SA), South Africa’s GDP increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024.
“The agriculture, forestry and fishing industry increased by 17.2%, contributing 0.4 of a percentage point to the positive GDP growth. This was primarily due to increased economic activities reported for field crops and animal products.
“The finance, real estate and business services industry increased by 1.1%, contributing 0.3 of a percentage point. Increased economic activities were reported for financial intermediation, real estate activities and other business services,” Stats SA said earlier this month.
The trade, catering and accommodation industry increased by 1.4%, contributing 0.2 of a percentage point. Increased economic activities were reported for wholesale trade, retail trade and motor trade.
Investments
Meanwhile, Cabinet welcomed the announcement by Microsoft South Africa that it will invest R5.5 billion in artificial intelligence (AI) infrastructure in the country.
“This investment will strengthen South Africa’s position as a leading Artificial Intelligence hub on the African continent and builds Microsoft South Africa’s R20.4 billion investment over the past three years.
“Microsoft South Africa also announced their contribution to developing South Africa’s digital literacy by paying for technical certification for 50 000 individuals in high-demand digital skills.
“In further uplifting our investment profile, Indian car manufacturer, Mahindra, signed a memorandum of understanding (MoU) with South Africa’s Industrial Development Corporation (IDC) to explore the possibility of setting up a full-scale vehicle assembly plant in the country,” the Minister said.
Mahindra already has an assembly plant of Pik Up range of vehicles in Durban operated by AIH Logistics.
The company recently celebrated the production of their 25 000th locally assembled Pik Up vehicles [range of bakkies].
“Cabinet reminded every South African as direct shareholder in South Africa Incorporated (SA Inc.) of their vested interest in promoting our country as an investment destination in a globally competitive environment. We must continue to speak with one voice in defence of our national interest, our sovereignty and our constitutional democracy,” the Minister said. - SAnews.gov.za
nosihle
Thu, 03/13/2025 - 12:12
94 views
Cabinet welcomes 2025 National Budget
Cabinet welcomes 2025 National Budget
Cabinet has welcomed the 2025 National Budget as it seeks to maintain a balance between South Africa’s fiscal framework, fund the priorities of the seventh administration while mitigating negative impact on poor and middle-income households.
The budget was tabled by the Minister of Finance, Enoch Godongwana, in the National Assembly, on Wednesday.
He outlined all the financial, economic and social commitments the government will prioritise in its planned expenditure and provided a detailed plan for 2025 spending. This includes proposals for revenue collection to help fund the government’s planned interventions and commitments.
“The allocation of over R1 trillion to infrastructure development over the Medium-Term Expenditure Framework (MTEF), the establishment of alternative infrastructure financing through a credit guarantee vehicle and the introduction of multiple bid windows on the Budget Facility for infrastructure is a demonstration of commitment to grow the economy through a strong infrastructure-build programme, whilst simultaneously improving service delivery.
“Mechanisms for private sector participation as announced with the Budget, which are part of Operation Vulindlela driven reforms, in the energy, transport and freight logistics sectors indicate government’s commitment to fast-tracking private sector investment and inclusive economic growth,” Minister in The Presidency, Khumbudzo Ntshavheni, said on Thursday.
Minister Ntshavheni was briefing the media in Cape Town, following Cabinet’s meeting on Wednesday.
Operation Vulindlela is aimed at stabilising the supply of electricity; creating a competitive and efficient freight logistics system; reducing the cost and improving the quality of digital communication; ensuring a stable, quality supply of water; and reforming the visa regime to facilitate skilled immigration and support tourism.
READ | Operation Vulindlela records notable progress
Since its establishment in 2020, Operation Vulindlela has made real progress in achieving these objectives.
In light of new and persistent spending pressures in health, education, transport and security, government decided to raise value-added tax (VAT) by 0.5 percentage points in each of the next two years, which will bring VAT to 16% in the 2026/27 financial year.
READ | Government proposes VAT increase over two years
The first 0.5 percentage point increase in the VAT rate will take effect on 1 May 2025 and the second 0.5 percentage point increase will take effect on 1 April 2026.
“Acknowledging the impact of the tax increases, the Budget provides for mitigation measures against the increases such as no increase in the fuel levy, above inflation increases to social grants, with old age and disability grants increasing by R130 to R2315 in 2025 and significant funding allocation to PRASA [ Passenger Rail Agency of South Africa] to improve passenger rail transport which will reduce household income spend on transport costs.
“Most significantly, the tax increases are going to finance sustainability of this country, by maintaining 11,000 teachers in the classrooms, 9300 health-workers in their jobs, the employment of 800 post-community service doctors and allow an additional 700, 000 children (4-years of age) access to early childhood development which is the necessary foundation education they need for a successful education journey,” Ntshavheni explained. –SAnews.gov.za
nosihle
Thu, 03/13/2025 - 11:49
58 views
Operation Vulindlela records notable progress
Operation Vulindlela records notable progress
Minister of Finance Enoch Godongwana has highlighted the real progress achieved by implementing structural reforms through Operation Vulindlela, which is a joint initiative between the Treasury and the Presidency.
Operation Vulindlela is aimed at stabilising the supply of electricity; creating a competitive and efficient freight logistics system; reducing the cost and improving the quality of digital communication; ensuring a stable, quality supply of water; and reforming the visa regime to facilitate skilled immigration and support tourism.
Since its establishment in 2020, Operation Vulindlela has made real progress in achieving these objectives.
“The energy reforms have created a 22 500 mega-watt pipeline of projects. More than 10 000 mega-watts are formally registered with NERSA [National Energy Regulator of South Africa], which is one of the last steps in the regulatory process. These projects will contribute to reducing power cuts.
“The Freight Logistics Roadmap was approved. The roadmap allows private sector participation and gives third-party access to any operator without discrimination in accordance with the network statement.
“The cost of a 1.5GB data bundle has declined by 51%, allowing individuals and small businesses to access more affordable data,” Godongwana said on Wednesday during his Budget Speech.
He noted that the water-use licenses backlog has been cleared, unlocking billions in investment and freeing projects that had stalled because of the backlog.
The water quality regulatory system was reinstated for the first time since 2014.
“This is the Green Drop, Blue Drop and No Drop certification that enables effective intervention in supporting failing municipalities to provide clean water to citizens. e-Visas for travellers from 34 countries have been introduced to significantly boost tourism. The trusted employer scheme has been established to fast-track visa process for major investors,” the Minister said.
These achievements have eased economic bottlenecks.
Building on the successes of the initiative, Phase 2 of Operation Vulindlela will focus on:
- Following through on existing reforms in energy, water, logistics and visa systems;
- Strengthening local government and improving the delivery of basic services;
- Harnessing digital public infrastructure as a driver of growth and inclusion; and
- Creating efficient, productive and inclusive cities. - SAnews.gov.za
nosihle
Wed, 03/12/2025 - 14:43
189 views
Call for collaboration to boost infrastructure investment
Call for collaboration to boost infrastructure investment
President Cyril Ramaphosa has emphasised the need for strong collaboration between government and business to scale up infrastructure investment and drive South Africa’s economic growth.
Speaking during a Questions for Oral Reply session in the National Assembly on Tuesday, the President highlighted the importance of structural reforms to address key constraints, such as energy supply and inefficiencies in freight and logistics.
“For South Africa to achieve the levels of economic growth it needs, it is essential that government and business work together to scale up investment in infrastructure.
“Government has committed to an ambitious infrastructure build programme. Infrastructure spend by government will encourage and enable greater private sector investment in sectors such as electricity generation, electricity distribution, rail rolling-stock, and water distribution,” the President said.
However, he stressed the distinction between public and private financial resources, particularly pension funds held by financial institutions. These funds, he noted, belong to workers and are intended for their retirement, making them private assets rather than State resources.
To facilitate infrastructure investment, the President said that government needs to provide these savers with a reasonable return and ensure that these funds are safeguarded.
In 2022, National Treasury amended Regulation 28 of the Pension Funds Act to allow for longer-term infrastructure investments by retirement funds. The changes introduced a definition of infrastructure and set a 45% upper limit for pension fund investments in infrastructure projects.
Further regulatory adjustments have been made to facilitate economic development, including separating the investment limits for hedge funds and private equity. The allocation for private equity assets has been increased from 10% to 15%, allowing for greater infrastructure investments.
In the Medium-Term Budget Policy Statement of October 2024, the Minister of Finance announced work underway on mechanisms to complement the changes to Regulation 28 through the development of specific investment vehicles to simplify and incentivise institutional investors.
The President said details on these mechanisms will be published in the upcoming Budget, which is expected to be delivered on Wednesday, 12 March 2025. – SAnews.gov.za
DikelediM
Tue, 03/11/2025 - 15:53
271 views
Limpopo a province of boundless opportunity
Limpopo a province of boundless opportunity
Limpopo Premier Dr Phophi Ramathuba has called on the Diplomatic Corps to view Limpopo as a province of boundless opportunity.
“Our economy is powered by three key drivers, mining, agriculture, and tourism, each offering lucrative potential for investment and growth,” Ramathuba said.
Speaking at a Diplomatic Corps breakfast in Thohoyandou on Saturday, she said Limpopo was rich in mineral wealth, home to vast deposits of platinum, diamonds and rare earth minerals that are crucial to the modern world.
“The global demand for these resources continues to grow, and Limpopo is well-positioned to be a leading supplier, offering a stable and investor-friendly environment for responsible mining and beneficiation,” Ramathuba said.
Limpopo remains the breadbasket of South Africa, she said, producing a significant portion of the country’s fresh produce, including citrus, avocados and macadamia nuts.
“With fertile lands and a climate suited for year-round production, we are not just feeding the nation, we are feeding the world.
“We seek partnerships that will drive agro-processing, value addition and sustainable farming practices, ensuring that our agricultural sector remains a pillar of economic resilience.
“Our province is a place where nature, culture and heritage converge. From the breathtaking landscapes of the Kruger National Park to the ancient wonders of Mapungubwe, we offer an unparalleled tourism experience,” the Premier said.
Ramathuba said the hospitality of Limpopo people, combined with world-class facilities, makes the province a premier destination for both domestic and international travelers.
“We therefore invite you to join us in expanding this sector, developing eco-tourism, luxury lodges, and cultural heritage sites that will continue to draw visitors from across the globe.
“Our province is not just an economic hub, it is a strategic gateway to Africa. Limpopo shares borders with Botswana, Zimbabwe and Mozambique, making it a key trade corridor for goods and services moving across the continent.
“Our transfrontier parks and cross-border infrastructure position us as a link between SADC markets and global investors looking for an entry point into Africa’s growing economies,” the Premier said.
The province hosted the first Outreach Program of the Group of 20 (G20) on Friday. The Premier described it as a historic milestone.
“The G20 represents 85% of global GDP, 75% of global trade, and two-thirds of the world’s population. The outreach was more than just a dialogue, it was a powerful opportunity for the people of Limpopo to understand and engage with South Africa’s G20 Presidency.
“Moreover, it allowed us to showcase our investment potential in mining, agriculture, manufacturing, tourism and the green economy,” she said.
Ramathuba said Limpopo was ready to open doors to investors, to forge new partnerships and to build a future where the province stands as a global leader in industrialisation and sustainable development.
“Limpopo is open for business. Our investment landscape is rich with potential and we stand ready to work alongside you to turn vision into reality,” Ramathuba said.
At a gala dinner on Friday, the Premier told the Diplomatic Corps that Limpopo was a land of immense potential, rich in culture, heritage and economic opportunities.
“We encourage you to consider Limpopo not just as a tourist destination but as a region ripe for investment. Tourism is one of the key drivers of our economy, creating jobs and supporting local communities,” she said.
She said the province believed that investment in infrastructure, particularly in roads, bridges, and logistics would unlock the full economic potential of the province.
“When businesses and farmers have access to reliable roads, they can transport goods efficiently, engage in larger markets, and ultimately grow their enterprises.
“We invite our esteemed guests and members of the Diplomatic Corps to explore opportunities in infrastructure development, as we seek partnerships that will transform Limpopo into a well-connected economic hub,” she said.
Limpopo is blessed with fertile soil and a climate that supports diverse agricultural activities.
“We are committed to strengthening our farming industry by supporting small-scale farmers to transition into commercial farming,” the Premier said.
Friday’s launch of the G20 Outreach Programme forms part of a series of initiatives aimed at fostering wider public dialogue and participation in South Africa's G20 Presidency.
South Africa assumed the G20 Presidency on 1 December 2024.
The G20 is a group of 19 countries, as well as the African Union and the European Union, which defines itself as the premier forum for global economic cooperation. – SAnews.gov.za
Edwin
Sat, 03/08/2025 - 23:04
365 views
Investors urged to join Global Investor Call
Investors urged to join Global Investor Call
National Treasury has encouraged investors, who are interested in participating in the upcoming Global Investor Call (GIC) after the tabling of the Budget, to submit questions through the respective Goldman Sachs or Investec representatives.
The Minister of Finance, Enoch Godongwana, will table the 2025 Budget to Parliament on Wednesday, 12 March 2025.
“The Republic of South Africa, rated Ba2 (stable) by Moody’s Investors Service Incorporated, BB- (positive) by S&P Global Ratings and BB- (stable) by Fitch Ratings (Hong Kong) Limited, has mandated Goldman Sachs International and Investec Bank Limited, alongside their empowerment partners, Vunani Capital Partners and Cinga Capital, to arrange a non-deal Global Investor Call (“GIC”) scheduled for Wednesday, 12 March 2025 at 16:00 SAST / 14:00 GMT / 09:00 EST,” National Treasury said on Friday.
The GIC will be led by National Treasury Director-General, Dr Duncan Pieterse, and will be supported by senior National Treasury officials.
It said the GIC will be followed by a series of in-person fixed income investor update meetings in Cape Town on Thursday, 13 March 2025, and Friday, 14 March 2025, and in Johannesburg on Friday, 28 March 2025.
“Investec will be arranging logistics. Details of in-person fixed income investor update meetings internationally will be communicated to the market in due course.
“There will be an open Q&A session during the GIC, and the Republic of South Africa also welcomes the pre-submission of questions through the respective Goldman Sachs or Investec representatives,” National Treasury said.
Representatives can be contacted as follows:
Goldman Sachs International:
- Name: Rumbi Wasterfall
- Email Address: rumbi.wasterfall@gs.com
- Contact details: +44 207 774 6671
Investec Bank Limited:
- Name: Leanne Large
- Email address: Leanne.Large@investec.com
- Contact details: +27 82 494 8804
Link to pre-register (Recommended):
https://www.netroadshow.com/events/login?show=367d0b60&confId=78851
Link for the audio replay (only available following the GIC): https://www.netroadshow.com/events/login?show=367d0b60&confId=78851
Following the tabling of the 2025 Budget, a presentation will be available on National Treasury's website:
During the Budget the Finance Minister will to outline the financial, economic and social commitments that government would prioritise in its planned expenditure as part of the 2025 Budget Speech.
He will indicate the allocation of financial resources to the national government’s priorities outlined by President Cyril Ramaphosa in the State of the Nation Address. - SAnews.gov.za
nosihle
Fri, 03/07/2025 - 13:28
274 views
Meet Deel Local Payroll, Powered by Payspace: The Next Evolution in Payroll Innovation
PaySpace by Deel is now Deel Local Payroll, powered by PaySpace (www.PaySpace.com)! One year after being acquired by Deel, PaySpace by Deel has officially transitioned into Deel Local Payroll, powered by PaySpace. This milestone isn't just about a name change—it's about why Deel acquired PaySpace in the first place.
PaySpace customers can expect the same powerful payroll platform, now under Deel's global brand. Deel customers can utilise real-time payroll, which means real-time G2N (Gross-to-Net) calculations, shorter cut-off times, and less overall pressure and stress when running payroll across multiple countries.
Deel Local Payroll, powered by PaySpace, formerly known as PaySpace by Deel, is a market leader in payroll technology, with more than 20 years of payroll and HR experience. Its flexible solutions cater to a wide range of clients, including small businesses, enterprises, and payroll service providers. The company has built the most technologically advanced native payroll engine, serving clients in 44 countries across Africa and the Middle East. It has over 15,000 customers, including big brands like Heineken, Coca-Cola, and Puma Sports.
Deel is a trailblazer in global employee and payroll management, enabling its customers to operate in different territories and simplify the complexities of managing employees according to regional financial and legal requirements. With global operations in over 150 countries, Deel simplifies the complexities of international payroll and HR, enabling companies to manage their global workforce efficiently and compliantly. Founded in 2018, Deel is the fastest-growing unicorn in history (a unicorn is a privately owned startup valued at over US$1 billion—Deel is currently valued at over $12 billion), helping businesses hire anyone, anywhere.
PaySpace is now Deel Local Payroll: New Brand, Same Team and Innovation
The acquisition, concluded in 2024, aligns the award-winning Deel Local Payroll team and cloud-native PaySpace platform with Deel's global operations. Deel Local Payroll is an independent subsidiary and a payroll product sold as a self-service option alongside Deel's global payroll product. Deel customers benefit through enhanced, innovative, and more flexible payroll tools for their teams.
The PaySpace calculation engine is now Deel's calculation engine, onto which Deel has localised its Employer Of Record (EOR) and Global Payroll (GP) products across numerous countries, including the UK, South Africa, Canada, and the UAE. Deel will keep localising countries onto this single engine—a unique competitive offering in the payroll market.
Under the Deel brand, Deel Local Payroll will continue to provide the same excellent payroll software and dedicated team that its customers have come to rely on, with the same management team, employees, support, channels, and logistics—only the name has changed. This seamless transition ensures no disruption to existing customer contracts, systems, or processes.
Deel Local Payroll's core cloud-native platform is now the PaySpace platform, an intrinsic part of how Deel delivers payroll services at grassroots levels to customers across the globe.
The PaySpace platform includes groundbreaking features:
- Automatic legislative updates that are pushed directly to customers.
- Robust integration with dozens of business applications and data sources.
- Extensive automation features to remove pressure on payroll teams.
- Powerful scale and flexibility that supports changing business requirements.
- Secure anywhere, anytime access for multiple users and devices.
- Pacey, a WhatsApp employee self-service bot for payroll slips and other information.
"When we founded PaySpace, we set out to create world-class payroll management that served all markets. Taking inspiration and lessons from our customers in Africa and leveraging cutting-edge cloud technologies, we built a true 21st-century payroll service that evolves with the needs of modern companies and their workforces. The rebranding from PaySpace to Deel Local Payroll allows for deeper integration with Deel, positioning us for continued success and growth. It's a positive move, building on the strong foundation we've already established," says Bruce van Wyk, CEO at Deel Local Payroll, powered by PaySpace.
Deel's acquisition of Payspace, now Deel Local Payroll, and the PaySpace platform is a significant win for customers. It also serves as a testament to the resilience and flexibility of African tech. Deel, Deel Local Payroll, and the PaySpace platform are building bright futures for their customers as they continue to innovate and provide world-class payroll solutions built to simplify and enhance payroll at every level.
Distributed by APO Group on behalf of PaySpace.
Media contact:
Victoria Lindsay
victoria@innocomm.co.za
About Deel Local Payroll:
Deel Local Payroll, powered by PaySpace, revolutionises payroll management. It offers online, multi-country payroll and HR management for businesses from start-ups through to enterprise in over 40 African countries, the United Kingdom, the Middle East, and Brazil.
Cloud-native, Deel Local Payroll, is scalable, configurable, highly secure, and easy-to-use—delivering anytime, anywhere access. It features payroll automation, self-service features, automatic legislation and feature updates, customised reporting, and more.
Since 2024, Deel Local Payroll has been part of Deel, operating as an independent subsidiary, serving its customers through the PaySpace platform.
Minister Creecy outlines plans to reinvigorate logistics sector
Minister Creecy outlines plans to reinvigorate logistics sector
The South African government is committed to reinvigorating the country’s logistics sector as an enabler of economic prosperity.
This is according to Transport Minister Barbara Creecy who delivered remarks at the launch of a new World Bank report titled: “Driving Inclusive Growth in South Africa: Quick Wins with Competitive Markets and Efficient Institutions".
“[Government has] established the National Logistics Crisis Committee [NLCC]…comprised of representatives from the Presidency, various government departments and the private sector.
“Its work includes securing strategic logistics corridors handling commodities that are essential to the export market and economic growth; addressing backlogs and congestion at strategic border crossings; combatting congestion in key national highway corridors such as the N1 and N3, as well as interventions to combat cable theft and maintenance backlogs at Transnet.
“This collaboration has seen modest improvements in our logistics performance,” she said on Friday.
The department and Transnet have set a target of moving at least 250 million tonnes of freight on the Transnet network by the year 2030 up from 150 million tonnes in the 2023/24 financial year.
Investment
Creecy highlighted that to achieve this, the rejuvenation of the rail sector is a key objective, which began with the Cabinet’s approval of the White Paper on National Rail Policy in March 2022.
“The Rail Policy introduces structural reforms in the sectors that are intended to enable private sector investment, optimal utilisation of the rail network, and effective economic regulation of rail that will facilitate equitable access to the rail network and ensure that it is properly managed.
“As part of this process a Private Sector Participation [PSP] Unit is being established by the department in collaboration with the Development Bank of Southern Africa. Once established, this unit will help direct and coordinate private sector investments in priority rail projects requiring capital investment.”
The Minister revealed that the department is currently in the process of issuing Requests for Information “regarding potential investment in the rail and port sector”.
“This serves to share information with the public regarding possible PSP projects, but also to allow the department, and by extension Transnet, to gather information on projects with the potential for third party involvement.
“I want to emphasise again that throughout this process all rail and port infrastructure will remain under the government’s ownership. We are also in the process of consulting with organised labour regarding the details of our freight logistics roadmap.
“We cannot continue with the status quo, where derailments and port blockages cost our economy billions of rands, and thousands of jobs in all sectors of our economy are at risk,” Creecy said.
Port efficiency
Turning to inefficiencies at South African ports, the Minister said Transnet has launched a recovery plan aimed at “increasing and stabilising port and rail volumes”.
“The establishment of various war rooms for specific corridors and commodities has allowed Transnet and the private sector to collaborate and share expertise and address challenges such as derailments and unplanned maintenance.
“As part of Transnet’s Recovery Plan, replacement and refurbishment of crucial ports infrastructure such as cranes, gantries and straddles is planned in the short, medium and long term, and continued collaboration with original equipment manufacturers (OEMs) has ensured that spare parts for essential machinery can be secured when necessary.
“This has resulted in improvements we are seeing in our ports which have cut down on ship waiting times and queuing times for trucks,” she said.
Creecy told stakeholders at the launch that collaborations have also assisted to address bottlenecks and inefficiencies.
She insisted that all the measures set out by government will “enable us to meet the targets that we set for the logistics sector, based on pre-pandemic figures”.
“Transnet and the department have set the goal of 250 million tonnes of freight per year, moving on the Transnet network by 2030. Transnet achieved 150 million tonnes of freight per year during the 2023/ 2024 financial year. At our ports, the target is to improve gross crane moves per hour from the 2024 average of 16 to 30 by 2030.
“These ambitious targets cannot be achieved within the existing Transnet system and will require significant private and public investments in infrastructure, rolling stock and digital systems.
“This can only be achieved through a partnership between government and the private sector, where technical knowledge, experience, [the] world’s best practice and funding can be shared,” Creecy concluded. – SAnews.gov.za
NeoB
Fri, 02/28/2025 - 13:44
147 views