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Official unemployment rate decreases

Location: News

Official unemployment rate decreases

The official unemployment rate has decreased by 1.4 percentage points from 33.5% in the second quarter of 2024 to 32.1% in the third quarter (Q3) of 2024.

This is according to the Statistics South Africa (Stats SA) Quarterly Labour Force Survey (QLFS) for the third quarter of 2024.

“There was an increase of 294 000 in the number of employed persons to 16.9 million in Q3: 2024, while there was a decrease of 373 000 in the number of unemployed persons to 8.0 million. This resulted in a decrease of 79 000 (down by 0.3%) in the labour force during the same period.

“Discouraged work-seekers increased by 160 000 (up by 5.0%), and the number of persons who were not economically active for reasons other than discouragement increased by 54 000 (up by 0.4%) between the second quarter and third quarter of 2024. This led to an increase of 214 000 in the number of the not economically active population to 16.5 million,” Stats SA said on Tuesday.

The above changes in employment and unemployment resulted in the official unemployment rate decreasing by 1.4 percentage points from 33.5% in the second quarter of 2024 to 32.1% in the third quarter of 2024. 

“The expanded unemployment rate in the third quarter of 2024 decreased by 0.7 of a percentage point to 41.9% when compared with the second quarter of 2024.

“The number of persons employed in the formal sector increased by 122 000 in Q3: 2024, and the informal sector employment increased by 165 000 over the same period,” Stats SA said.

The largest increases in employment were recorded  in community and social services (194 000), construction (176 000) and trade (109 000). 

Decreases in employment were recorded in finance (189 000), private households (32 000), manufacturing (20 000) and transport (18 000).

“The results also indicate that the largest increases in employment were observed in the Eastern Cape (83 000), Western Cape (75 000), North West (69 000) and Mpumalanga (49 000), while decreases were only observed in Gauteng (66 000) and KwaZulu-Natal (2 000).

“The youth (15 to 34 years) remain vulnerable in the labour market. The third quarter of 2024 results show that the total number of unemployed youth decreased by 171 000 to 4.8 million, while employed youth recorded an increase of 66 000 to 5.8 million. 

“As a result, youth unemployment rate decreased from 46.6% in the second quarter of 2024 to 45.5% in the third quarter of 2024,” Stats SA said. - SAnews.gov.za

nosihle
Tue, 11/12/2024 - 12:40

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Local Manufacturing Key to Advancing Green Technologies

Location: News
African Energy Chamber

The African continent is developing promising green technologies to address energy access disparities and to foster economic growth. Its countries should take an active role in local sustainable energy solutions, rather than merely being consumers of these technologies.

At a dedicated panel session at African Energy Week: Invest in African Energies 2024, panelists emphasized the need for countries already producing oil and gas to utilize local energy resources for the purposes of enhancing value and meeting domestic needs, particularly for secluded and rural areas that do not have access to energy on the grid. They agreed that green technology and innovation could not be advanced without significant investments in local capacity, particularly in manufacturing and grid infrastructure.

Moderated by S&P Global Head of Energy Transition, Ashutosh Singh, panelists of the Advancing Green Technology and Innovation in Africa session further agreed that while renewable energy may not create immediate large-scale jobs, strategic planning by policymakers could lead to millions of new opportunities as the sector evolves.

James White, CEO of Comet Energy, highlighted that legislative barriers also exist in many African nations. In South Africa, for instance, larger solar installations connected to the grid need a generation license from National Energy Regulator of South Africa (NERSA). This, White believes, adds an additional layer of complexity and can deter potential investors or developers from pursuing solar projects.

Although recent amendments to policies have raised the threshold for embedded generation projects without a license to 100 MW, navigating these regulations still poses significant challenges, he noted. “We also need to look at developing local supply chains, which are needed to further drive down costs and improve accessibility to technologies,” he said.

Dennis Bauer, Senior Executive Energy Transition Advisor, Neuman & Esser discussed the potential of hydrogen as key to Africa's energy transition.

By 2035, more than 50 million tons per year of cost-competitive green hydrogen can be produced on the continent by blocks in Morocco, Egypt and South Africa. However, Bauer emphasized that localized supply chains are necessary to support these developments. “Developing local manufacturing capabilities for battery components and other technologies can significantly reduce costs and enhance sustainability,” he said.

The panel discussion also touched on advancements in solar technology, noting improvements in efficiency and flexibility that can facilitate deployment in remote areas.

CEO of South African National Energy Development Institute (SANEDI), Dr Zwanani Titus Mathe, stressed the importance of learning from successful models surrounding new green technologies, like China's investment in research and development (R&D).

“We need to establish centers of competence across Africa focused on R&D, manufacturing and skills development to position the continent as a leader in green technology. As African nations commit to investing in green innovation, collaboration among governments, businesses, and communities is also essential,” he said.

Director of International Relations at IFP Energies nouvelle (IFPEN), Dr Said Nachet, concluded that Africa has the potential to lead in green technology. “By harnessing local resources and fostering innovation, the continent can emerge as a hub for green technology and sustainable energy solutions,” he said.

Distributed by APO Group on behalf of African Energy Chamber.

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Africa’s Energy Infrastructure Can Only Succeed with Enhanced Transmission

Location: News
African Energy Chamber

As the demand for electricity continues to rise across the African continent, it is imperative for countries to act swiftly to enhance transmission capabilities and develop robust infrastructure to secure new energy integration sources over the next 25 years.

A recent report by consulting firm McKinsey & Company estimates that $400 billion will be required to enhance electricity transmission and distribution capacity across Africa by 2050. This investment is critical for modernizing energy infrastructure and ensuring energy security for the continent.

During a panel discussion titled ‘Optimizing Africa's Grid Capacity' at the African Energy Week: Invest in African Energies 2024 conference, Eskom's Transmission Group Executive, Segomoco Scheppers, highlighted the potential of the Electricity Regulation Amendment Act 38 of 2024 for South Africa and its neighboring countries.

This legislation will facilitate the establishment of a market operator in South Africa, creating opportunities for diverse players in the energy sector. “This shift signifies a transformative period in our industry as we adapt to new market dynamics,” he stated.

Despite having interconnections of 400 kV with neighboring countries, Scheppers acknowledged existing challenges. “Strengthening these connections is essential for enhancing regional cooperation and ensuring a reliable energy supply across borders. The reliance on thermal generation in the south, particularly to support countries like Zambia, underscores the need for stronger interconnections,” he explained.

Eskom is further embarking on an extensive domestic expansion program aimed at rapid development – an endeavor that also presents significant challenges. “Learning from global leaders in infrastructure development, particularly from experiences in China, could provide valuable insights into scaling our efforts efficiently,” Scheppers added.

Wang Wenan, Chief Representative, African Representative Office at the State Grid of China, discussed the successful completion of major projects, including the largest long-distance transmission project on the continent — a 500 kV DC line from Ethiopia to Kenya.

However, he noted that fostering private participation in energy projects remains a primary obstacle. “Engaging in dialogues about investment barriers and sharing best practices is crucial for unlocking potential growth in Africa's energy sector,” he emphasized.

Also speaking on the panel, Willy Ireri, Executive Director of Osprey Renewables, highlighted that while East Africa has abundant renewable resources such as wind, solar, and geothermal energy, access to reliable transmission infrastructure in this region also remained a critical challenge. “We are therefore committed to collaborate with state utilities and private investors to ensure that generated electricity reaches emerging green industries in the region,” he said.

With favorable legislation for private investment in transmission expected to be operational by 2025, Osprey Renewables aims to play a vital role in facilitating access to renewable energy for consumers.

“Our mandate at Osprey extends beyond generation; we actively engage across the entire value chain and we are seeing growing interest in green manufacturing and hybrid data centers,” Ireri added, noting that the Kenyan government has initiated proposals inviting independent transmission projects, signaling a positive shift toward increased private sector participation.

Power and Grid Segment President at Schneider Electric, Gary Lawrence, highlighted that a modernization of power grids was also needed. “The traditional grid was designed over a century ago for one-directional flow; today's needs require a bidirectional grid that allows seamless interaction between producers and consumer.”

The industry is balancing supply and demand effectively through initiatives such as collaborating with Egypt's Ministry of Electricity and Renewable Energy to develop distribution control centers that enhance grid intelligence and implementing distributed energy management systems in South Africa.

Distributed by APO Group on behalf of African Energy Chamber.

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Extortion poses serious threat to State and citizens, says Mashatile

Location: News

Extortion poses serious threat to State and citizens, says Mashatile

Deputy President Paul Mashatile says an economy grappling with extortion, controlled by "ruthless gangsters", poses a serious threat to both government and law-abiding citizens.

“We have also responded to a related question in the National Assembly, highlighting the urgent need for government to take decisive action to deal with extortion-related criminality,” Mashatile said on Thursday.  

The Deputy President was responding to questions in the National Council of Provinces (NCOP) relating to several critical issues impacting South Africa’s township and rural economies. 

The Deputy President quoted Police Minister Senzo Mchunu, who in September spoke about township economic sabotage in four provinces. These provinces include mainly Gauteng, KwaZulu-Natal, the Western Cape and Eastern Cape. 

“According to the Minister of Police, these provinces carry 73% of crime levels in South Africa. The gravity of these crimes alone, including extortion, are of serious concern to government, and must be dealt with immediately,” said Mashatile.

He announced that the South African Police Service (SAPS) has since initiated the signing of cooperative agreements with provincial and local governments, which include operational plans that will provide details on the integration of resources against crime.

In addition, Extortion and Kidnapping Task Force Forums have been established in all affected provinces, which involve all the relevant stakeholders, including private business.

On the implementation of measures to deal with sabotage of basic service delivery, such as water and sanitation, by “unscrupulous” owners of water tankers, the Deputy President said the Departments of Water and Sanitation and Cooperative Governance and Traditional Affairs have intervened. 

According to the Deputy President, the two departments are assisting struggling municipalities with water tankers as a short-term intervention, while bulk water infrastructure challenges are being resolved.

“In addition to the challenge of construction mafia, which is rife all over the country, we have received reports of unscrupulous owners of water tankers, who are interfering with service delivery initiatives in municipalities, thus extorting money to rent their services, and some selling water to vulnerable communities.” 

He stressed that the State was encouraged by the work of Community Policing Forums, whistleblowers and community members, who are actively involved in addressing service delivery-related acts of criminality and extortion across all provinces that have been identified as hotspots. 

“However, much more needs to be done to resolve this challenge,” Mashatile said.

Township economy

Meanwhile, the country’s second-in-command said government is dedicated to transforming apartheid spatial planning by investing in critical industries such as manufacturing to revitalise and create much-needed jobs in the communities where people reside. 

According to the Deputy President, the Department of Trade, Industry and Competition (dtic) has developed the Industrial Parks Revitalisation Programme (IPRP), aimed at renewing and reviving South Africa’s old and abandoned industrial parks and driving employment in the manufacturing sector in townships and rural economies. 

He explained that this programme aims to support State-owned industrial parks and identify enabling opportunities for local manufacturing and value addition in marginalised communities. 

The Deputy President also highlighted the State’s programmes to support Special Economic Zones (SEZs), which are aimed at expanding economic activity in underdeveloped parts of South Africa. 

To date, he said there are 11 designated SEZs, nine of which are being supported by the SEZ Fund, and have generated investments amounting to R19.6 billion. – SAnews.gov.za

Gabisile
Fri, 11/08/2024 - 09:38

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Upstream Players Highlight Innovative Financing Critical Mineral Projects at CMA

Location: News
Energy Capital & Power

Players within Africa's energy transition sector highlighted innovative financing mechanisms which can help drive the industry maximize value addition and beneficiation to local economies during the Leaders Forum at Critical Minerals Africa Summit on Thursday.

Marie-Chantal Kaninda, President, Glencore DRC announced that the firm contributed approximately $1 billion in revenue for the Democratic Republic of Congo (DRC) through royalty taxes in 2023.

She said the firm invested in processing facilities at two of its operational mines in the DRC (https://apo-opa.co/3AvKgjI) to enhance value addition of copper and cobalt resources.

“We export hydroxide cobalt, which is an intermediary product, and produce copper cathodes ready for cable manufacturing,” Kaninda explained, adding that 95% of Glencore's workforce in the DRC is sourced locally, with many employees holding senior positions.

Speaking on the challenges facing Africa's mineral value addition efforts, Carlos Lopes, Professor at the Nelson Mandela School of Public Governance, University of Cape Town, noted that a lack of adequate funding is a primary barrier.

Despite Africa's GDP having doubled since 2000, he said, the continent is still perceived as a high-risk market by some investors. Lopes called for innovative local financial solutions to meet capital needs for value-addition projects.

“Africa pays the world's highest interest rates, yet our potential is undervalued. We must be strategic in policy-making to fully capitalize on our resources,” he stated, emphasizing the drawbacks of exporting raw minerals for overseas processing.

Mfikeyi Makayi, CEO of KoBold Metals, underscored the role of innovation in reducing the high costs associated with critical mineral exploration and value addition. She highlighted the company's AI-enabled exploration efforts backed by Silicon Valley investment, stating, “With 60 projects across 40 countries, including flagship initiatives in Zambia and new ventures in Namibia and Botswana, we're focused on leveraging digital mining solutions to drive industrialization across the continent.”

Makayi added that the data generated through digital mining is vital for attracting investment and creating a more competitive and inclusive sector.

Sietse van de Woude, Senior Executive of Modernization and Safety at the Minerals Council South Africa, discussed the Mandela Mining Precinct initiative, a public-private partnership designed to fund and support mining sector innovation.

“Innovation is essential for critical minerals mining,” van de Woude said, adding that the initiative offers a platform for industry stakeholders to share best practices and collaborate on advancing operational efficiency and safety.

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

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Boost for start-ups involved in space, Earth observation

Location: News

Boost for start-ups involved in space, Earth observation

Eight start-ups involved in space and Earth observation innovations have received funding through the Earth Observation Frontiers Enterprises Innovation Support Fund (NEOFrontiers EISF). 

Launched in 2021, the NEOFrontiers is an innovation funding mechanism designed to drive the growth of the local space sector through increased public investments. 

It seeks to stimulate collaboration, cooperation and innovation in the public and private South African Earth observation community.

The NEOFrontiers programme is managed by the South African National Space Agency (SANSA) and the National Research Foundation (NRF), and implemented with the support of Tuksnovation, the University of Pretoria's business and technology incubator. 

The programme subsidises enterprises with amounts ranging from R750 000 to R1 million for 12 months.

SANSA launched NEOFrontiers in 2021 through investment from the Department of Science, Technology and Innovation (DSTI). 

The first four NEOFrontiers projects were funded in 2022, while 2023 saw three start-ups supported. 

This year’s NEOFrontiers call saw eight successful start-ups submit brilliant proposals on mining, agriculture, infrastructure development, healthcare innovation, banking and financial institutions, as well as disaster risk reduction. 

These include Abiri Innovations, Agizo Solutions (Pty) Ltd, Aphelion World JV/Consortium, CreditAIs, Integrated Geoscience Solutions, Kgothatso Innovations, Regona Trading and YaAzi.

A total of 56 applications were received earlier in the year, 25 of which were eligible and allowed to pitch to an independent adjudication committee.

DSTI’s Acting Chief Director Itumeleng Makoloi said this programme unfolds at an opportune time when South Africa seeks to foster innovation.

“We need to create new ways of modernising areas such as agriculture, mining and manufacturing. We believe that this programme represents our shared vision to foster innovation, capacity building and strategic partnership across the public sector. 

"The joint efforts of DSTI entities, such as SANSA and the NRF, play a critical role in driving this vision.”

SANSA CEO, Humbulani Mudau, believes this platform will create a market pool for innovative solutions, for which space is a significant enabler and a value provider.

“I’m delighted to report that there is an equal split in gender representation. We have awarded the grant to start-up companies led and owned by four males and four females. This is good progress towards transforming the industry,” Mudau said. 

He said the NEOFrontiers is poised for greater strides in terms of direction and investments. 

“We’re indeed going to make this a flagship programme that will transform space-based ideas into relevant products and services that address societal and environmental challenges. As we do that, we’re going to be looking at increasing the competitiveness of the South African Earth observation industry for the benefit of the South African society.”

NRF CEO, Dr Fulufhelo Nelwamondo, is of the view that the initiative has the potential to gear small enterprises in the space sector to create job opportunities.

“The key focus is to support start-ups, SMMEs and entrepreneurs with funding. The reason for this is that we expect much more from our SMMEs to make sure that they can grow and employ more people.

“When they employ more people, there is an increase in new technology and service innovations coming out of their areas to a point that we can get even more people involved. Our rate of unemployment is increasing.”

The University of Pretoria’s Head of Innovation and Contracts Management, Advocate Lawrence Baloyi, said this has the potential to shape the future of South African space innovation. 

The next call to fund new SMMEs will be published before the end of 2024. – SAnews.gov.za

Gabisile
Fri, 11/08/2024 - 11:04

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Five Winners of the 2024 Earthshot Prize Unveiled at Awards Ceremony in Cape Town

Location: News

MultiChoice Group
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  • Advanced Thermovoltaic Systems, High Ambition Coalition for Nature and People, Keep IT Cool, Altyn Dala Conservation Initiative and Green Africa Youth Organization (GAYO) revealed as 2024 Earthshot Prize Winners during star-studded ceremony broadcast live across 50 African countries
  • Each Winner to receive £1 million to accelerate and scale the impact of their innovative environmental solutions
  • Calls for nominations for the 2025 Earthshot Prize are now open

​Last night, the five 2024 Earthshot Prize Winners were announced at a star-studded awards ceremony in Cape Town, South Africa, hosted by Emmy, Grammy and Tony Award winner Billy Porter and award-winning television presenter Bonang Matheba. The 2024 Winners, selected from this year's 15 Earthshot Finalists, will be awarded £1 million each to accelerate and scale their game-changing environmental solutions.

Following a rigorous selection process focused on identifying impactful, inspiring and inclusive environmental solutions, the five Winners are:

  • Fix Our Climate: Advanced Thermovoltaic Systems
  • Revive Our Oceans: High Ambition Coalition for Nature and People
  • Build a Waste-Free World: Keep IT Cool
  • Protect and Restore Nature: Altyn Dala Conservation Initiative
  • Clean Our Air: Green Africa Youth Organization (GAYO)

 Speaking during the Awards Ceremony, Prince William said:

“I believe our world can be rich in possibility, in hope, and in optimism. That is why The Earthshot Prize exists. To champion the game-changers, the inventors, the makers, the creatives, the leaders; to help them build upon the amazing things they've already achieved; to speed their innovations to scale and to inspire the next generation to create the future we all need."

Descriptions of the five Winners, by category:

WINNER for Fix Our Climate:

Advanced Thermovoltaic Systems (https://apo-opa.co/48EySP6), USA
Nominated by: Herbert Smith Freehills LLP

Advanced Thermovoltaic Systems (ATS) has developed a simple, safe and scalable technology to capture waste heat and convert it into electricity, offering a game-changing solution for heavy industries like cement and steel production. These industries require extremely high temperatures, which generate vast amounts of waste heat that is typically lost. ATS's technologies have the potential to save gigatonnes of CO2.

“At ATS, we are proud to lead the way in converting this waste into clean, usable electricity.  Winning the 2024 Earthshot Prize underscores the transformative potential of our technology. Tonight is a key moment for us as we focus on scaling up production in larger manufacturing facilities.” – Kelly Adams, CEO, Advanced Thermovoltaic Systems.

WINNER for Revive Our Oceans:

High Ambition Coalition for Nature and People (https://apo-opa.co/3AxM7Ew), Global
Nominated by: Campaign for Nature

A groundbreaking alliance of 119 countries with the ambitious goal to protect 30% of land and oceans by 2030, High Ambition Coalition identifies technical, financial and knowledge gaps and connects governments with technical assistance and funding. They've already achieved a major milestone with the adoption of the “30×30” target in the 2022 UN Global Biodiversity Framework.

Rita Maria El Zaghloul, Director, High Ambition Coalition for Nature and People said, “On behalf of the alliance, we are deeply humbled to be a Winner of this year's Earthshot Prize. Today's award validates the hard work and dedication of all involved in the 30x30 initiative and fuels our excitement and determination to protect 30 percent of the world's land and oceans by 2030. Together, we can achieve a more sustainable and biodiverse future.”

WINNER for Build a Waste-Free World:

Keep IT Cool (https://apo-opa.co/3AAGjdr), Kenya
Nominated by: Draper Richards Kaplan Foundation, Katapult Ocean

Keep IT Cool (KIC) addresses the challenge of food spoilage by providing sustainable, localized refrigeration systems that help small farmers and fishers preserve their produce. By installing solar-powered cold storage units where fish are landed, KIC significantly reduces spoilage and waste by ensuring the catch stays fresh and managing its transport to market. With plans to grow into East Africa and beyond, KIC is now working to expand their activities in poultry, fruit and vegetables and aims to bring their solution to more communities.

Francis Nderitu, Founder and Managing Director of Keep IT Cool said, “We are on a mission to revolutionise the food supply chain in East Africa. We are grateful for the recognition from The Earthshot Prize, and it is an important milestone for Keep IT Cool. We will continue to enhance market access, reduce waste and build climate resilience for small-scale fish and poultry farmers throughout the region.”

WINNER for Protect and Restore Nature:

Altyn Dala Conservation Initiative (https://apo-opa.co/3NWG3Zk), Kazakhstan
Nominated by: United Nations Environment Programme

Altyn Dala Conservation Initiative has achieved the almost unprecedented feat of saving the critically endangered Saiga antelope from extinction. This mission has grown into one of the world's largest conservation projects and is focused on protecting and restoring Kaakhstan's Golden Steppe, one of the world's least protected natural ecosystems.

Vera Voronova, Executive Director, Altyn Dala Conservation Initiative said, “We are thrilled to be receiving the 2024 Earthshot Prize for Protect and Restore Nature. Altyn Dala demonstrates that when governments and civil society work together with a shared vision, we can achieve remarkable results. The restoration of the Saiga antelope population and the revival of the Central Asian steppe are not just triumphs for wildlife but for the local communities that depend on these ecosystems.”

WINNER for Clean Our Air:

GAYO, Green Africa Youth Organization (https://apo-opa.co/3NVrpSe), Ghana
Nominated by: Clean Air Fund

A youth-led, gender-balanced organisation, GAYO uses its “Zero Waste Model” to drive behavioural change in waste management practices across Africa that cut greenhouse gas emissions and particle pollution, while also bringing additional income to communities. Their goal is to reduce greenhouse gas emissions and particle pollution in Ghana by 70%, compared to open burning, as well as divert a total of 4,000 tonnes of waste by 2030. GAYO's plans to scale would make them the leading model for waste management on the continent.

Desmond Alugnoa, Co-Founder of the Green Africa Youth Organization (GAYO) said, “We are incredibly honored to be winning the Prize, which is a testament to the power of community-driven solutions and the importance of empowering those most affected by climate challenges. Our work in Ghana demonstrates that sustainable waste management isn't just a possibility—it's a necessity. The recognition by The Earthshot Prize fuels our commitment to replicating these models across Africa, proving that local solutions can have global impacts.”

The five Winners of the 2024 Prize cohort were selected by Prince William and The Earthshot Prize Council, a diverse group of experts, advocates and individuals dedicated to championing urgent and innovative action to protect our planet. The Earthshot Prize Council is chaired by The Earthshot Prize Board of Trustees Chair, Dame Christiana Figueres, architect of the Paris Agreement.

Members of The Earthshot Prize Council include: His Royal Highness Prince William, Her Majesty Queen Rania Al Abdullah, José Andrés, Sir David Attenborough, Cate Blanchett, Ernest Gibson, Hindou Oumarou Ibrahim, Wanjira Mathai, Stella McCartney, Nemonte Nenquimo, Luisa Neubauer, Indra Nooyi, Dr. Ngozi Okonjo-Iweala and Naoko Yamazaki.

In addition to the five £1 million prizes supporting the growth of Winners' solutions, each of the 15 Earthshot Prize Finalists will receive dedicated mentorship, resources and technical support through the year-long Earthshot Prize Fellowship Programme.

That support includes access to the Prize's robust network of influential experts and partners, including The Earthshot Prize's Global Alliance of Partners (https://apo-opa.co/4fh0E6D), comprised of some of the world's largest businesses, donors, investors and environmental organisations committed to climate action.

Finalists will also have access to Launchpad (https://apo-opa.co/3O1bhi2), Earthshot's bespoke online finance platform to matchmake Earthshot solutions to a growing community of members made up of mission-aligned donors and investors seeking to speed proven environmental solutions to scale.

The Earthshot Prize is already gearing up for the 2025 Earthshot Prize. Nominations for the Prize's fifth cohort of innovative solutions and entrepreneurs are now open.

If you missed last night's spectacular live event you can watch repeat broadcasts of the star-studded ceremony from 07 November on DStv Catch Up, Showmax, and on multiple DStv channels across Africa from 08 November. Check your local television schedules for more details.

Distributed by APO Group on behalf of MultiChoice Group.

NOTES FOR EDITORS:
Follow The Earthshot Prize on:  
Instagram: https://apo-opa.co/3UKashj
Twitter: https://apo-opa.co/4fEHeZ8
LinkedIn: https://apo-opa.co/3AA6uB4
Facebook: https://apo-opa.co/3YU9tNY
YouTube: https://apo-opa.co/3UGroFo
TikTok: https://apo-opa.co/4fFj00P

About The Earthshot Prize:
Founded by Prince William and incubated in the The Royal Foundation in 2020 for a year before becoming an independent platform/organisation, The Earthshot Prize is a global environmental prize and platform designed to discover, accelerate and scale ground-breaking solutions to repair and regenerate the planet. Inspired by President John F. Kennedy's Moonshot, which united millions of people around the goal of reaching the moon, The Earthshot Prize aims to catalyse an Earthshot challenge to urgently encourage and scale innovative solutions that can help put the world firmly on a trajectory towards a stable climate, where communities, oceans and biodiversity thrive in harmony by 2030. The five challenges are: Protect and Restore Nature; Clean Our Air; Revive Our Oceans; Build a Waste-Free World; and Fix Our Climate.

The Prize aims to turn the current pessimism surrounding environmental issues into optimism by championing inspiring leadership and helping to scale incredible cutting-edge solutions. It will discover 50 winners over 10 years with the power to repair the planet. More than an award, The Earthshot Prize works in partnership with a Global Alliance of Partners to support the scaling of the solutions discovered and selected each year.

The Global Alliance Founding Partners are a group of leading global organisations and philanthropists, which act as strategic funding partners to the Prize, including Aga Khan Development Network, Bezos Earth Fund, Bloomberg Philanthropies, Breakthrough Energy Foundation, Coleman Family Ventures, DP World in partnership with Dubai EXPO 2020, Eleven Eleven Foundation, Giving Grousbeck Fazzalari, Holch Povlsen Foundation, Jack Ma Foundation, Law Family Charitable Foundation, Mastercard Center for Inclusive Growth, Marc and Lynne Benioff, Paul G. Allen Family Foundation, Rob Walton Foundation, Sandy and Paul Edgerley, Standard Chartered Bank, Temasek Trust, and Uber.

Global Alliance Partners are non-profit environment and sustainable development organisations that bring expertise, global reach and serve as nominating organisations each year. For a full list of our Global Alliance Partners, visit: https://apo-opa.co/4fh0E6D.

Global Alliance Members are some of the world's largest and most influential companies and brands that will support The Earthshot Prize, implement ambitious changes within their businesses and accelerate the advancement of the solutions of Prize Finalists and Winners. They are Arup, Bloomberg L.P., Deloitte, Herbert Smith Freehills, Hitachi, Ingka Group (IKEA), Microsoft, The Multichoice Group, Natura &Co, Safaricom, Salesforce, Unilever, Vodacom Group, and Walmart.

For more information about The Earthshot Prize, visit: www.EarthshotPrize.org.

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AEW Highlights Critical Minerals Role in African Renewables Growth

Location: News
African Energy Chamber

Africa must expand its renewable energy manufacturing capabilities and leverage its critical minerals to foster growth in its renewables sector, according to James Mackay, Managing Director at the Energy Council of South Africa.

Speaking on a panel discussion during African Energy Week: Invest in African Energies' Pre-Event Technical Workshops, Mackay said the high cost of renewables in Africa could be lowered by enhancing local manufacturing capacity, making vital technologies more accessible for project developers.

“Egypt is currently leading in solar manufacturing, but other African governments should work to attract investments and implement policies that incentivize manufacturers to establish operations on the continent,” stated Mackay.

Carlos Torres Diaz, Senior Vice President & Head of Gas and Power Markets Research, Rystad Energy highlighted Africa's youthful workforce as a strategic advantage in developing innovative solutions required to harness the continent's 30% share of global critical minerals. According to Diaz, the focus is no longer solely on replacing fossil fuels but on integrating all energy resources and using digital tools to stabilize the power grid.

“Gas-to-power solutions remain essential for stability alongside renewables,” he noted.

Despite holding 40% of the world's total solar potential, Africa currently utilizes only 35% of its capacity, according to Nivedh Das Thaikoottathil, Senior Analyst – Renewables & Power at Rystad Energy. Thaikoottathil pointed out that Africa's ability to add value to its critical minerals will shape its potential to produce over 100,000 TWh of solar energy annually, potentially increasing the share of solar and wind from 8% today to 60% by 2040.

Commenting on high-growth renewable energy markets in Africa, Thaikoottathil said South Africa, Morocco, Egypt, Tunisia, Mauritania and Mozambique are the key players.

“We are seeing growing financing for renewable projects and new interconnectors between North Africa and Europe, with 24 GW of proposed capacity aimed at linking the regions,” he said.

AEW: Invest in African Energy 2024 is held alongside the Critical Minerals Africa Summit which will run from November 6 – 7 November in Cape Town, offering delegates access to the full scope of energy, mining and finance leaders.

Distributed by APO Group on behalf of African Energy Chamber.

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Mashatile to respond to questions in Parliament about township economy and extortion

Location: News

Mashatile to respond to questions in Parliament about township economy and extortion

Deputy President Paul Mashatile will on Thursday respond to questions in the National Council of Provinces (NCOP) relating to several critical issues impacting South Africa’s township and rural economies. 

“The Deputy President is expected to provide a critical overview on the work that government is undertaking to resolve some of the pressing challenges facing the country currently,” a statement from the Deputy President's office read. 

Mashatile will also zoom into government’s strategies to transform apartheid spatial planning by investing in critical industries such as manufacturing. 

“This is aimed at stimulating job creation and economic growth in townships and rural communities.

“Furthermore, in response to a question on what government is doing to prevent sabotage of the township economy by extortionists, the Deputy President will provide an update on the decisive steps taken to combat criminal activities,” the Deputy President’s office said. 

The steps include the establishment of the Extortion and Kidnapping Task Force Forum in all affected provinces. 

In line with the Finance Minister’s recent comments, Mashatile will also emphasise the importance of local government in supporting economic growth and responding to societal demands. 

In outlining service delivery interventions, Deputy President Mashatile is expected to speak of how government is prioritising the strengthening of local municipalities, which are central to creating an enabling environment for economic development.

On land reform, the Deputy President will highlight the State’s commitment to increasing agricultural production and improving food security. 

The country’s second-in-command will further reiterate government’s commitment to working closely with all sectors of society, including the private sector, civil society, and local communities to address crime and economic challenges. 

Mashatile will also elaborate on government's comprehensive approach to ensuring that townships and rural areas remain vibrant, safe and economically productive. – SAnews.gov.za

Gabisile
Wed, 11/06/2024 - 12:56

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Leaders in energy, investors converge for Africa Energy Week

Location: News

Leaders in energy, investors converge for Africa Energy Week

The African continent’s vast energy-related resources have the potential to forge a prosperous path for the continent. 

This is according to Minister of Energy and Electricity, Dr Kgosientsho Ramokgopa’s written notes for his address at the African Energy Week (AEW), which is underway at the Cape Town International Convention Centre.

AEW brings together Africa’s leaders in energy, investors and executives in the sector.

“Africa’s path forward lies in seizing control of our energy destiny. Our continent’s vast resources, rich potential, and resilience make us capable not just of fueling our homes and industries but of powering a new African century. 

“But this will require unity of purpose, a commitment to innovation, and a collective resolve to harness Africa’s energy to serve African needs,” Ramokgopa said.

Powering the future

The Minister insisted that the continent – despite its challenges, including energy poverty – has the “potential to lead the world in renewable energy and innovative energy solutions”.

“Africa’s potential for renewable energy is unmatched globally. The continent is rich in diverse renewable resources, each offering a path toward sustainable growth that is less dependent on fossil fuels and more aligned with global climate commitments,” Ramokgopa said.

Going further, the Minister cited the number of renewable energy sources available to the continent including solar and wind energy and hydropower.

“With vast stretches of land bathed in sunlight year-round, Africa has some of the highest solar irradiation levels in the world, especially across regions in the Sahara and Sub-Saharan Africa. Solar energy has the potential to power communities, businesses, and industrial zones, especially in off-grid and rural areas.

“From the coastal winds of Egypt to the strong inland gusts in Kenya and Ethiopia, Africa’s wind corridors hold immense potential for generating clean electricity. Expanding wind energy capacity offers not only a path to sustainability but also an opportunity for job creation in turbine manufacturing and maintenance.

“Africa has significant untapped potential, especially in countries with major rivers, such as the Congo, Nile, and Zambezi. Hydropower projects, when sustainably managed, can provide baseload power to support industrialisation and rural electrification, helping reduce energy costs for industries,” the Minister explained.

African Energy Agenda

Ramokgopa told the conference that as South Africa takes up its leadership of the G20 later this year, it is “positioned to champion Africa’s energy priorities on a global platform”.

“South Africa will advocate for energy policies that bridge the development gap, recognising the continent’s need for clean energy and affordable access. In leading the G20, South Africa will focus on strategic interventions to address Africa’s unique energy needs and support a resilient, inclusive future,” he said.

In relation to this, Ramokgopa emphasised that solutions to Africa’s energy challenges must “accelerate sustainable growth, while considering African economies' unique challenges”. 

“Through our G20 leadership, South Africa is committed to championing an African energy agenda that is bold, just, and rooted in an African value system. Together, let us light up Africa with power and the promise of progress, sovereignty, and sustainable prosperity for every African citizen.

“As South Africa leads the G20, we are dedicated to championing an African energy agenda that addresses our challenges, harnesses our resources, and reflects our vision for self-reliance and prosperity.

“Let us seize this moment to build an energy secure Africa, where every community is empowered, every economy is strengthened, and our shared commitment to the future is unwavering. Together, we can light up Africa not just with power, but with the promise of a brighter, more equitable future for all,” Ramokgopa said. – SAnews.gov.za

NeoB
Tue, 11/05/2024 - 12:33

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Deputy Minister Letsike addresses Village Economy Indaba

Location: News

Deputy Minister Letsike addresses Village Economy Indaba

Deputy Minister in the Presidency for Women, Youth and Persons with Disabilities, Mmapaseka Letsike, says more than 60% of jobs and 25% of the Gross Domestic Product (GDP) of the African continent comes from the agricultural sector which is rooted in the rural areas.

“This presents an opportunity for boundless growth through the potential that is inherent in the rural economy and for expansion to industries that ordinarily have not proliferated in rural areas,” Letsike said.

Speaking at the Village Economy Indaba ceremony held in the North West province, Letsike said over half of the population resides in rural regions, yet these areas often face higher poverty rates, lower access to basic services and limited economic opportunities.
“This divide is not only a matter of geography, it concerns social justice, economic necessity, and national progress.”

Letsike said rural areas in South Africa hold an enormous but often overlooked potential for lifting people out of poverty.

“When we invest in rural economies, we create jobs and boost incomes in areas where they are needed most. Imagine empowering smallholder farmers with access to better technology, training, and markets. 

“Not only could they increase their production, but they could also improve their livelihoods, leading to better education, healthcare, and overall well-being for their families and communities,” Letsike said on Friday.

The Deputy Minister said it was reported that about 75% of food produced on the continent is from small farms of less than 20 hectares, while 80% of the 51 million farms on the continent have an area less than two hectares.

“Developing rural economies helps curb urban migration. Every year, thousands of people leave rural areas, hoping for better opportunities in the big cities.

“By creating viable economic opportunities in rural areas, through initiatives such as The Village Economy Indaba whether in agriculture, renewable energy, tourism, or small-scale manufacturing, we can reduce the strain on our cities while enhancing quality of life in the countryside,” the Deputy Minister said.

Letsike said vulnerable groups such as women, youth, LGBTI (lesbian, gay, bisexual, and transgender or intersex), persons and persons with disabilities are the hardest hit by climate change.

“Therefore, renewable energy projects, like solar and wind farms in areas such as the Northern and Eastern Cape, to eco-tourism in Limpopo and the Western Cape, rural South Africa holds immense potential for green growth and sustainability, particularly as we engage the Just Energy Transition.

“By focusing on sustainable practices, we can preserve our environment for future generations while creating jobs today. 

“Many of us who have a rural background will understand that even our indigenous agricultural practices such as companion planting have been proven to promote soil health and maximise production on small pieces of land and it is still used by many farmers in rural areas,” Letsike said.  -SAnews.gov.za 

 

 

Edwin
Fri, 11/01/2024 - 14:03

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President Ramaphosa assents to Upstream Petroleum Resources Development Bill

Location: News

President Ramaphosa assents to Upstream Petroleum Resources Development Bill

President Cyril Ramaphosa has officially assented to the Upstream Petroleum Resources Development Bill, a key piece of legislation aimed at accelerating petroleum exploration and development with participation by black South Africans, as part of the nation’s social and economic advancement. 

The Presidency said in a statement that the Bill ensures petroleum resources are developed responsibly, provides fair access, and promotes sustainable growth. 

It also allows for active involvement from government and black South Africans in building up the country’s petroleum sector. 

“The legislation acknowledges that South Africa’s petroleum resources belong to the nation and that the state is the custodian of these non-renewable natural resources which must contribute to South Africa’s social and economic development,” The Presidency said. 

As part of advancing industrialisation and manufacturing diversity, the law provides for local content as a development strategy to enable skills development, local recruitment and national participation through supply of goods and services.

The Bill reaffirms the state’s commitment to regulatory certainty and to guaranteeing security of tenure in respect of petroleum rights.

The Bill separates petroleum provisions from minerals provisions as currently provided for in the Mineral and Petroleum Resources Development Act.

“This separation is necessary from a policy and administrative perspective to ensure matters in the petroleum and minerals industries are addressed on the basis of their distinctive features, to bring about stability and security to investors, especially in the upstream petroleum sector,” the Presidency said. 

The law sets out the functions of the South African Agency for Promotion of Petroleum Exploration and Exploitation, which include receiving and evaluating applications for reconnaissance permits, petroleum rights and retention permits, and making recommendations to the Minister of Mineral Resources and Energy.

Reconnaissance refers to any operation carried out for or in connection with the search for petroleum by geological, geophysical and photo geological surveys. – SAnews.gov.za

 

DikelediM
Fri, 11/01/2024 - 11:34

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dtic calls for a resilient health system

Location: News

dtic calls for a resilient health system

The Deputy Minister of Trade, Industry and Competition, Zuko Godlimpi, has called for a resilient health system that prioritises equitable access and sustainable solutions in times of crisis. 

He emphasised the need for fair and sustainable measures to equip health systems with the necessary "shock absorbers" to withstand future challenges. 

Godlimpi said it was clear with every health crisis faced as a country, region and world that sustainable ways must be found to strengthen health systems.  

He made these remarks during his address at the Annual General Meeting of the Innovative Pharmaceutical Association South Africa (IPASA), which took place in Johannesburg on Thursday.

Reflecting on the impact of recent global health challenges, Godlimpi emphasised that these crises, while affecting all, are not felt equally.

“The severity of their impact is determined by geopolitical and economic standings, often leaving vulnerable populations to bear the brunt.

During the height of the COVID-19 pandemic, South Africa, under President Cyril Ramaphosa’s leadership, championed vaccine justice on the world stage, asserting that access to vaccines and essential medicines should be a universal right,” Glodlimpi said.

He called for the development of robust domestic manufacturing capabilities, especially in pharmaceuticals and medical supplies to reduce reliance on external sources during global emergencies. 

The creation of a resilient healthcare system would not only secure the health of the population but would also drive job creation and economic growth.

“By investing in local manufacturing capacity, we secure our sovereignty in healthcare and strengthen our economy.

“Building a sustainable pharmaceutical industry cannot be achieved by government action alone. 

“We need active participation from industry leaders, multinational corporations and local innovators alike, and I commend IPASA’s contributions to promoting ethical standards and supporting a patient-centred healthcare system,” he said.

Godlimpi mentioned that as part of South Africa’s broader industrial strategy, the Department of Trade, Industry and Competition (the dtic) had implemented master plans to drive growth in key sectors.

“The MedTech Master Plan, launched in May, is one such initiative, aiming to bolster local manufacturing in the medical technology sector. The development of future master plans, including those for pharmaceuticals, biologics and vaccines, depends on collaboration with multinational corporations and industry stakeholders,” he said.

Emphasising the importance of local manufacturing, Godlimpi noted that currently, pharmaceutical imports account for a significant trade deficit.

“However, with the active participation of multinationals in localisation programmes, we can create a more self-reliant healthcare system and reduce our dependency on imports. 

“I also want to highlight opportunities within offset programmes, where foreign suppliers are encouraged to invest in local industry through technology transfer, local hubs, and third-party manufacturing,” he said. – SAnews.gov.za

Edwin
Fri, 11/01/2024 - 09:44

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SARS welcomes MTBPS, increases its compliance focus

Location: News

SARS welcomes MTBPS, increases its compliance focus

The South African Revenue Service (SARS) has welcomed the Medium-Term Budget Policy Statement (MTBPS) presented in Parliament by Finance Minister Enoch Godongwana on Wednesday. 

The MTBPS revised the February 2024 Budget net tax revenue forecast from R1.863 trillion to R1.8408 trillion.

SARS said as of 30 September 2024, it has collected gross revenue of R1 070.4 billion, yielding a net revenue of R846.2 billion and R224.3 billion in refund payments. 

The revenue performance was bolstered by stronger collections from CIT Provisional tax and lower-than-expected VAT and PIT refund payments. 

This was offset by lower-than-expected collections from Customs taxes, PAYE, and the General Fuel Levy. 

The areas that were adjusted downward are: 

  • Lower-than-expected previous year salary adjustments, reducing the nominal wage bill estimate from 8.4% in the 2024 Budget to 5.5% in the MTBPS 2024. 
  • Slower growth on capital projects across general government, public corporations and private sector, with gross capital formation anticipated to decline from 9.5% in the 2024 Budget to 5.2%.
  • Downward revision in outlook of nominal exports from 5.2% to 3.5%, as well as nominal imports from 6.0% to 3.8%.
  • At Budget 2024, a 13.8% growth in PAYE, based on the 8.4% growth in the wage bill, was assumed. PAYE collections for year-to-date (September 2024/25) amount to R340.0bn, lower than the PE by R12.0bn (3.4%) and higher than previous year by R30.8bn (10.0%).

SARS highlighted that the deficit in revenue collections was partially offset by strong collections in CIT provisional tax collections (at R150.2 billion) against an expectation of R141.4 billion, yielding a surplus of R8.8 billion, up by 2.7% or R3.9 billion from the previous year. 

The fuel levy has faced challenges this financial year due to a year-on-year decrease in fuel consumption, with 1.333 million litres less fuel used. SARS said that this decline, attributed to factors like reduced load shedding and a shift to alternative energy sources, has directly impacted the Net Fuel Levy, resulting in a 3.9% year-on-year contraction and a R7.2 billion shortfall.

Trade taxes also underperformed, as imports, which were expected to grow by 1.9%, have instead declined by 5.1% year-to-date. Total trade flows have decreased by R39.2 billion (or -2.0%) compared to the same period last year, primarily due to lower import flows of electrical machinery and vehicles.

SARS noted that Provisional Corporate Income Tax (CIT) collections reached R150.2 billion, recording a surplus of R8.8 billion (6.2%) and a year-on-year growth of R3.9 billion (2.7%), driven by the Finance, Electricity, and Manufacturing sectors. 

Collections exceeded the Budget 2024 target rate of -3.3%. However, the Mining sector continues to struggle with volatile commodity prices, particularly in Platinum Group Metals, Coal and Iron Ore, which has negatively impacted profitability and provisional payments. Additionally, the sector faces ongoing transport, logistics, and border crossing issues, leading to delays and higher export costs.

Despite having finalised ± 1.3 million more debt cases, which is almost 290% more than the previous year, SARS said its debt compliance efforts have yielded lower returns year-on-year by R9.3 billion, which equals to a 23.6% year-on-year contraction. 

SARS further recorded significant year-on-year increases in deferred payment arrangements, requests for suspension of payments, and final demands, highlighting the financial hardship taxpayers are experiencing and its impact on their ability to meet tax obligations.

“The SARS Strategic Intent will continue to focus on Voluntary Compliance, ensuring that taxpayers and traders have clarity and certainty regarding their obligations, along with the necessary tools to facilitate easy and straightforward compliance. Conversely, SARS will impose significant legal and administrative costs on taxpayers and traders who deliberately fail to meet their obligations,” the revenue service said.

SARS said that its compliance efforts continue to yield success in dealing with non-compliance in particular segments and tax products. To date, compliance revenue secured R110.1 billion, reflecting a growth of R8.1 billion (8.0%). 

The Revenue Service emphasised that it will continue to intensify its efforts to maintain visibility and reinforce compliance, with plans to invest further on compliance initiatives to close the tax gap by targeting various taxpayer segments. 

SARS Commissioner Edward Kieswetter said that in pursuing the attainment of the 2024/25 tax revenue estimate of R1 840.8 billion, SARS will be unrelenting in its drive to engender voluntary compliance. 

“Critical in this pursuit is to ensure that intermediaries charged by law to collect taxes on behalf of SARS pay it over. Importantly, SARS is ready to act against those who willfully and defiantly ignore their legal obligations by misrepresenting their true economic status. Those who enable this conduct are equally culpable. 

“Taxpayers who abdicate their legal obligations place a disproportionate burden on honest taxpayers. Taxes play a critical role in cushioning the most vulnerable and destitute in our society. In this respect, voluntary compliance is sacrosanct,” Kieswetter said.   

The Commissioner further emphasized that SARS will continue to intensify and deepen its existing administrative efforts. 

“We will continue to use sophisticated data science and artificial intelligence, to maintain the balance between service to taxpayers/traders, whilst managing risks to the fiscus by detecting dishonest taxpayers,” he said. 

SARS will deploy more data science and artificial intelligence (AI) to step up its focus on the following areas of compliance risk:

  • Broadening the tax base via third-party data sources: Leveraging data from both formal and informal sectors to widen the tax base.  
  • Work to register all taxpayers and traders, through predictive modelling, who ought to be on the register and ensure that they honestly file their declarations and pay their dues where necessary. 
  • Build its detection capability using machine learning models and Artificial Intelligence (AI) to significantly improve service and offer a seamless service to honest taxpayers. This will also be used to detect dishonest taxpayers, improve debt collection while expanding the tax base and deal with tax avoidance.
  • Enforcing trade laws against the illicit economy (Customs and Excise): Strengthening tools to detect and prevent illicit activities, including those related to tobacco, fuel, and illicit financial flows.
  • Focusing on dispute prevention and resolution: Prioritising products and strategies that prevent disputes that can be resolved.

“SARS is the nation’s treasure; a well-functioning tax and customs administration is a cornerstone to our vibrant democracy and should never be taken for granted. SARS seeks to ensure revenue sustainability by securing appropriate investment in SARS, and funding certainty. 

“From a human capital perspective, SARS will continue to attract, develop and sustain a workforce that is future ready. We will be building the leadership bench strength of SARS and protect the autonomy of the institution,” the tax revenue said. 

Despite the tough operating environment, SARS said it expects that the start of a cycle of interest rate cuts will spur consumption expenditure. This expansion is expected to drive economic growth and widen the tax base, resulting in buoyant corporate tax, and VAT revenues. 

Additionally, the introduction of the “Two-Pot” system is expected to increase the tax base in the short to medium term. 

“The 12 821 SARS staff, to whom we express sincere appreciation, will continue to work diligently in achieving the revised revenue estimate as presented by the Minister of Finance,” SARS said. – SAnews.gov.za

DikelediM
Thu, 10/31/2024 - 11:03

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Green Building Trends in Africa: Africa’s Urbanization Provides the Opportunity to Embrace Green Building

Location: News
Bureau Veritas

By Julien Fouilliart-Building & Infrastructure Growth Leader Middle East, Caspian and Africa, Bureau Veritas (https://group.BureauVeritas.com)​.

Globally, buildings are responsible for a substantial share of energy, electricity, water and materials consumption using between 35-40% of energy demand and contributing 37 per cent of world carbon dioxide (CO2) emissions. Including the manufacturing of building materials.

The 2022 updated Global Buildings Climate Tracker (GBCT) (https://apo-opa.co/3YLJiZG) shows that there is a significant gap between the current state and the desired decarbonization path which is concerning. In effect it means that to align with the 2030 milestone, an annual increase of ten decarbonization points is now necessary which is a substantial jump from the six points per year anticipated starting in 2015.

In 2019 in Africa, buildings accounted (https://apo-opa.co/4e8NIhN) for 57% of total final energy consumption and 32% of total process-related CO2 emissions.

Despite continental issues of poverty, unemployment and rapidly developing informal settlements among other issues, many countries in Africa are embracing green, sustainable building practices.

With its burgeoning population, expected to add some  1.2 billion people by  2050 (https://apo-opa.co/3AxgxXo) Africa faces rapid urbanization.

Urbanization provides an opportunity for countries across Africa to embrace green building practices, access available international green funding opportunities, and set a foundation for sustainability for future generations.

In 2023 the Africa Regional Network of World Green Building Council (WorldGBC) launched the Africa Manifesto for Sustainable Cities and the Built Environment, which sets out the actions that  policymakers and businesses across the continent need to take to achieve a net zero carbon, healthy, resilient, equitable, socially- and economically-inclusive built environment for everyone, everywhere.

Achieving these goals requires policymakers and business leaders across the continent to recognise the untapped potential of the built environment. But this can only be realized with the implementation of policies that support transformative action, through intense collaboration between governments, city and regional leaders, businesses and investors. 

South Africa is leading Africa's green building sector (https://apo-opa.co/3YLdq7N). It has over two million square meters certified green buildings that reduce water consumption, electricity, and waste disposal; 50 certified projects are projected to result in an annual saving of 76 million kilowatt hours which is equivalent to the electricity needs of 5,300 households every year.

South Africa has its own National Standard 10400 Part XA that deals with optimizing energy efficiency in buildings and in the light of this the Green Star South Africa and EDGE green building tools have been adapted and are widely used in the country. International rating systems like LEED and WELL are also used.

The scope of green construction in Egypt has been slow to grow but Egypt has two local rating systems in place called TARSHEED and the Green Pyramid Rating System. These, along with EDGE, LEED and WELL are used in various projects.

The Nigerian government has pledged to achieve a 20% reduction in its greenhouse gas emissions by 2030 and 45% with international support. Green building will likely be a big part of this change.

This country's National Building Code, developed by the National Council on Housing and Urban Development, and the Building Energy Efficiency Guideline (BEEG), also support the agenda of sustainable development by setting requirements for occupant health and safety, use of local and safe building materials and energy efficiency among other criteria.

Morocco has several legal provisions in place to promote sustainability and environmental protection through construction impact assessments for new building projects as well as energy-efficient construction requirements applicable to most residential and commercial projects. Several projects in the country have also achieved LEED green building credentials.

It also has several renewable energy projects such as the Noor Midelt Solar Plant and Tarfaya Wind Farm, one of the biggest wind farms in the continent.

As the drive towards Net-Zero heightens more African countries are joining the African Regional Network of the World Green Building Council. NGOs and other industry professionals are setting up green building councils in South Africa, Egypt, Tunisia, Nigeria, Botswana, Zimbabwe, Namibia, Mauritius, Tanzania, Kenya, Cameroon and Uganda.

One of the big hurdles restraining a sustainable development movement in the construction industry is a lack of awareness for practical sustainable actions among many developers and investors.

In South Africa there is a broad awareness of Green Buildings and the market share of certified buildings among all new builds is increasing. The 2021 International Finance Corporation's (IFC) Green Building Market Stakeholder Assessment for South Africa showed that on the supply side, key motivating factors for Green Buildings are their reduced carbon footprint increased end user demand and increased marketability.

From the occupier's perspective the motivating factors for buying or leasing a Green Building are lower utility bills and lower operating costs. Yet, at a residential level occupiers are only willing to pay a two percent premium for these benefits.

The IFC report points out that the perceived cost of construction and certification of green buildings are also considered major obstacles to the expansion of certified Green Buildings in South Africa (https://WorldGBC.org/). Its research indicates that those in the know estimated the additional construction cost to be 10% or higher, while those unfamiliar with Green Buildings are likely to significantly overestimate costs.

Currently, four out of six financial institutions provide financing for Green Building projects in some form or another and three require a certification to approve the loan. The portfolios of two consist of retrofitting existing buildings into Green Buildings; two of commercial and industrial Green Building construction finance and only one residential Green Building construction finance. Of the two FI's that currently do not fund any Green Building one plans to do so in the future while the other does not see this as part of their strategy.

The investment into green construction (https://apo-opa.co/4e8NYgL) has multiple benefits; it facilitates growth while addressing issues like employment, climate change, and poverty.

However, more needs to be done to improve the understanding of the benefits of green buildings such as lower operational costs, increased ROI as well as an overall improvement in occupant health and wellbeing. Financial institutions need to do more to support green construction. Those which have pledged to lower their investments in carbon producing industries could create green bonds or funds for the African construction sector. Government's need to provide policy support along with incentives to catalyze market development.

 All this suggests that there is still a sizable information gap regarding the cost, certification and benefits of Green Building and that further knowledge dissemination efforts are needed to close it.

Distributed by APO Group on behalf of Bureau Veritas.

About Julien Fouilliart:
Julien Fouilliart is a seasoned business development professional with 15 years of experience in international, multicultural, and cross-sector environments. He currently leads the growth of Bureau Veritas' Building & Infrastructure market across the Middle East, Caspian, and Africa regions. Julien holds a degree in Mechanical Engineering from Belfort University in France. He is based in Kenya and has a deep passion for the African continent. Julien has played a key role in the development of large and iconic infrastructure projects across the region. He has an extensive international background, having worked in France, China, Spain, Belgium, and the United Kingdom. His experience includes collaborating with global companies and public institutions to drive business growth in sectors such as aerospace, IT, rail, building, and transport infrastructure.

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Read moreGreen Building Trends in Africa: Africa’s Urbanization Provides the Opportunity to Embrace Green Building

Afreximbank Calls for Increased Collaboration to Accelerate the Green Energy Transition in Africa

Location: News
Afreximbank

The eighth Babacar Ndiaye Lecture held at the Four Seasons Hotel in Washington D.C., on 26 October 2024, under-scored the need for African nations to strike a balance between short-term development imperatives and long-term climate goals. 

Under the theme “Saving Lives Today versus Saving the Planet for the Future: Can the AfCFTA Resolve the Climate Change Dilemma” discussions centred on how the African Continental Free Trade Area (AfCFTA), Africa's most ambitious trade initiative, could serve as a vehicle for economic growth and environmental sustainability, positioning the continent as a leader in the global green transition.  

The Lecture drew a distinguished audience of policymakers, academics, financial experts and climate advocates.  

Speaking about Dr. Babacar Ndiaye in his opening remarks, H.E. Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank Group, said “Dr Babacar Ndiaye was most concerned by the long-term threats posed to humanity by climate change. He once said, "Climate change is the greatest threat to development, particularly in Africa, where millions of people depend on the environment for their livelihoods … Africa's economic transformation cannot happen without addressing climate change.”  

Dr. Ndiaye's reflection on the impact of climate change was spot-on and intellectually deep.” But, “disappointingly, the global debate on climate has been so much focused on emissions reduction with the question of reducing its impact on Africa and other developing countries always reduced to a footnote. A call for Africa to decarbonise, when the continent has not even carbonised, poses a serious threat to the socio-economic development of a gas-rich continent that has at least six hundred million people without electricity.” 

The African Continental Free Trade Area Agreement “is seen as a potent means of reducing carbon emissions as it is helping to domesticate industrial activities and minimise the carbon emissions caused by shipping of commodities to far-away lands for value addition and reshipping to Africa and elsewhere. We believe that The AfCFTA could offer a pathway to a just transition, enabling local industrial value addition while protecting the planet.”  

Professor Yemi Osinbajo, SAN, GCON, the Immediate Past Vice President of the Federal Republic of Nigeria, delivered a powerful address titled “Sustainable Infrastructure for Africa's Future: Harnessing Innovation and Partnerships.” He spoke passionately about the advantages of the AfCFTA and its potential to transform Africa's trade landscape, reduce carbon emissions and foster innovation in green industries. 

“There are two obvious advantages to a fully operational AfCFTA.The first is that 42% of African countries, aside from North Africa, now have legislation prohibiting the export of raw ores or minerals before being processed. This legislation gives African countries the benefit of jobs and revenues from local processing and manufacturing.  

“The second advantage of the AfCFTA is that shipping is a major source of carbon emissions. Under current trade practices, a large share of African raw materials are exported to other regions, where they are processed or manufactured into finished products, usually using fossil fuel power sources, before being shipped back to Africa for consumption. This cycle contributes to higher emissions and constitutes a loss for African countries that do not reap the value chain gain from beneficiation. Intra-African trade in finished goods will substantially reduce this massive cause of global emissions,” he said. 

The reduction of emissions by intra-African trade has been the subject of several empirical studies. Professor Osinbajo referred to a recent ECA/ CEPII study titled “Greening the African Continental Free Trade Area Agreement's Implementation" published in December 2023, which found, inter alia, that implementing the AfCFTA can boost intra-African trade by 35% in 2045 while increasing GHG emissions by less than 1%, compared to no AfCFTA or climate policies.  

These studies do not factor in using renewable energy sources in the processing and manufacturing of traded goods, an assumption of the Climate Positive Growth paradigm, which would again substantially reduce emissions.  

Professor Osinbajo cited mining bauxite in Guinea as an example. If Guinea, which has 25% of global deposits of bauxite, processed the bauxite it mines to aluminium with renewable energy in readiness for export, Guinea could save the world 335 million tonnes of carbon dioxide equivalent (CO2e) per year, which is approximately 1% of global emissions, and create 280,000 jobs and generate $37 billion of additional revenue. If it chooses to sell the aluminium within Africa, it will again save the huge shipping cost to countries thousands of miles away.  

A Bloomberg study done for the African Development Bank (AfDB) in 2021 on the manufacture of battery precursors found that manufacturing battery precursors in the Democratic Republic of the Congo (DRC), which has plenty of lithium and cobalt, is three times cheaper than manufacturing it in the US, EU and China. Manufacturing in the DRC would extend value chain opportunities to other African countries, they would need manganese from Zambia, Tanzania, Gabon and South Africa to contribute to its capacity to produce these battery precursors. Manufacturing using renewable energy could significantly reduce the cost of manufacturing. Africa's abundant renewable energy has very low seasonality or intermittency, making it possible to reliably provide a renewable baseload to power continuous industrial production.  

“The AfCFTA empowers African countries first to add value to materials and specialise in areas of national comparative advantage, and also to work together to trade more beneficially with the rest of the world,” said Prof Osinbajo. 

He futher said that “Most African countries depend on fossil fuels for their energy needs and for fossil fuel rich African countries, this is also a major source of export earnings and fiscal revenues. Ostensibly in keeping with their net zero obligations, there has been a growing trend amongst development finance institutions to withdraw from fossil fuel investment. These actions include the World Bank's decision to cease funding for upstream oil and gas development in Africa and the restrictions on financing downstream gas development by the European Union, the United Kingdom, and the United States. Clearly, the implications of these actions are dire, where there are no immediate alternative sources of power and the cost of the transition to cleaner fuels may be prohibitive. Some studies show that divesting from fossil fuels could reduce GDP by as much as USD$30 billion for Nigeria, USD$22 billion for Algeria, and USD$19.3 billion for Angola.” 

H.E. Dr Rania A Al-Mashat, Minister for Planning, Economic Development and International Co-operation, Arab Republic of Egypt said that while the “African continent is the least responsible for carbon emissions, it has the biggest burden in terms of financing climate change for developmental needs - such as food and water security, and access to energy. 

She called for greater collaboration with national and international stakeholders “We need to work together; we need to bring the experiences from other places so that Africa can push forward with respect to development and sustainable economic growth.” 

In her Goodwill Message, Ms. Amina J. Mohammed, Deputy Secretary-General of the United Nations and Chair of the United Nations Sustainable Development Group, spoke about the rapidly closing window to prevent the worst impacts of climate change. She addressed the fact that many African countries are mired in debt, exacerbated by extended crises with little access to long-term concessional financing to invest in sustainable development. 

“With adequate access to financial resources at a reasonable cost, renewables can dramatically boost economies, grow new industries, create jobs and drive development, including by reaching the over 600 million Africans living without access to power,” said Ms Mohammed. 

She also stressed the importance of prioritising inclusive policies that empower women and youth when building climate-resilient economies.  

“By harnessing the collective might of the AfCFTA, Africa can make strides in addressing both climate action and sustainable development by promoting regional integration and fostering green industrialisation.  

“The AfCFTA can help build climate-resilient economies while creating jobs, reducing poverty and strengthening food security.”  

The eighth Babacar Ndiaye Lecture also reinforced Afreximbank's commitment to leadership in financing sustainable infrastructure and trade policies across the continent. 

Distributed by APO Group on behalf of Afreximbank.

Media Contact: 
Vincent Musumba 
Communications and Events Manager (Media Relations) 
Email: press@afreximbank.com 

For more information, visit: www.Afreximbank.com  
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About the Babacar Ndiaye Lecture 
The Babacar Ndiaye Lecture is an annual event designed to foster dialogue around Africa's development challenges and explore practical solutions through policy, trade and diplomacy.  

The Lecture honours Babacar Ndiaye, a former President of the African Development Bank, for his visionary leadership in advancing Africa's economic growth. 

Afreximbank has hosted this Lecture every year since 2017 in honour of the late Dr. Babacar Ndiaye, the fifth President of the African Development Bank. Dr. Ndiaye transformed the Bank during his decade-long leadership and was also instrumental in establishing several other enduring Pan-African institutions, including Afreximbank, Shelter Afrique and the African Business Roundtable. 

About Afreximbank 
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance, facilitate and promote intra and extra-African trade. For over 30 years, the Bank has been deploying innovative instruments to deliver financing solutions that support the transformation of the structure of Africa's trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Area (AfCFTA), Afreximbank has in partnership with the African Union Commission and the AfCFTA Secretariat launched the Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA agreement. The AfCFTA Secretariat and the Bank have created a US$10 billion Adjustment Fund to support countries to effectively participate in the AfCFTA.  

At the end of December 2023, Afreximbank's total assets and guarantees stood at over US$37.3 billion, and its shareholder funds amounted to US$6.1 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody's (Baa1), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB). Afreximbank has evolved into a group entity comprising the Bank, its impact fund subsidiary the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure, (together, “the Group”). The Bank is headquartered in Cairo, Egypt.  

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100 days in office: Labour Minister focuses on job creation, improved services

Location: News

100 days in office: Labour Minister focuses on job creation, improved services

Employment and Labour Minister Nomakhosazana Meth says her first 100 days in office signify not an "endpoint" but rather the beginning of numerous initiatives aimed at better serving clients and the country as a whole.

In addition, Meth said her department was consumed by fulfilling the mandate of job creation and protection of vulnerable workers.

The Minister was speaking at the Cape Town Labour Centre, where she was unpacking the first 100 days in office following the establishment of the Government of National Unity (GNU). 

“We are seized with the mammoth task of changing the trajectory of our economy into one that resonates with the resolve of the GNU to nudge actions that will advance the three priorities.” 

These, she said, include driving inclusive economic growth and job creation, reducing poverty and tackling the high cost of living, and building a capable, ethical and developmental State. 

Meth said they hit the ground running with the Deputy Ministers getting acquainted with the department, and strengthening cooperation with organised labour, organised business, social partners and civil society.

The leaders have also been participating in parliamentary processes, and ensuring accountability to the Portfolio Committee, Cabinet and Cluster Committee meetings. 

The last three months have also been characterised by the Strategic Plan 2025/2030 of the department, which sets out the GNU strategic priorities and principles espoused by the statement of intent of the GNU.

Inspections and enforcement activities

Meth took the time to delve into the role of inspection and enforcement, saying these were critical to safeguarding workers' rights, ensuring compliance with labour laws and upholding fair practices. 

According to the Minister, the department has jointly conducted more successful inspections, leading to 81 arrests of employers and undocumented immigrants.

The high-impact inspections and compliance raids targeted the hospitality, road and freight, textile, car manufacturing, and farming sectors, as these have high non-compliance with labour laws. 

“During these inspections, we addressed non-standard employment practices that render workers vulnerable. We contributed to job preservation by ensuring that employed individuals enjoy the protection of their rights, which in turn enhances productivity and economic growth,” Meth said.

She announced that 17 662 national inspections were conducted during this period. 

Out of the 17 662 inspections, 12 195 workplaces were compliant, while 5 494 workplaces were found to be non-compliant, with enforcement notices issued as a result.

TERS budget

Meth said during this period, there was an increase in the budget for the Temporary Employer-Employee Relief Scheme (TERS), from R400 million to R2.4 billion for the current financial year. 

“This significant boost aims to shelter companies in distress and prevent employee layoffs amid unstable economic conditions.”

Meth was of the view that the increase in the TERS budget was a proactive response to volatile economic trends that threaten the livelihoods of impoverished workers and the sustainability of businesses. 

“Our goal is to preserve jobs and support companies facing financial difficulties. Furthermore, increasing the scheme's capacity aims to reduce the risk of further retrenchments and support economic stability.”

During the COVID-19 pandemic, R65 billion was made available for TERS.

Meanwhile, Meth said Phase 3 of the “Follow the Money” project started in October 2024.  
The project aims to verify the payment of R65 billion to 215 companies under the COVID-19 relief scheme.

To date, Meth said the project has recovered R1.2 billion since inception. 

“Initially, the aim was to verify 50% of the amount paid, and now we want to verify the entire amount. Consequently, 27 audit firms have been appointed, and Phase 3 commenced in October 2024."

Ninety-six fraud cases were identified, 40 were presented to the court, and all were finalised. The highest conviction was 20 years of direct imprisonment. – SAnews.gov.za

 

Gabisile
Tue, 10/29/2024 - 15:17

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Presidency asserts stance on South Africa’s foreign policy 

Location: News

Presidency asserts stance on South Africa’s foreign policy 

The Presidency has reaffirmed South Africa’s commitment to a foreign policy grounded in solidarity, peace, equality, human rights and sustainable development for the benefit of all.

In a statement on Sunday, the Presidency emphasised that President Cyril Ramaphosa is dedicated to strengthening political and trade ties, while supporting the rights of oppressed communities globally.

“As President Cyril Ramaphosa continues to lead the 7th administration in strengthening all key political and trade ties, working in solidarity with the oppressed peoples of the world in Palestine and Western Sahara, while advocating for peaceful resolution of conflicts around the globe, South Africa will maintain a foreign policy that is informed by solidarity, peace, equality, human rights and sustainable development for the benefit of all. 

"This is the responsibility that President Ramaphosa will continue to exercise without any undue pressure and in line with South Africa’s national sovereign interest,” the Presidency said.

In an August 2023 address preceding the South African-hosted 15th BRICS Summit, President Ramaphosa outlined the values underpinning the country’s foreign policy. 

In the address, President Ramaphosa articulated the principles and values that shape the country’s foreign policy and inform its international relations.

“Before the dawn of democracy in 1994, the apartheid South African state was a pariah in the international community, condemned for committing a crime against humanity," President Ramaphosa said at the time.

He highlighted that the foreign policy of apartheid South Africa was defined by coercion, destabilisation and military aggression. 

“Since the advent of democracy, South Africa’s foreign policy has been based on what our forebears inscribed in the Freedom Charter in 1955, when they declared that: 'South Africa shall be a fully independent State, which respects the rights and the sovereignty of all nations; South Africa shall strive to maintain world peace and the settlement of all international disputes by negotiation – not war'."

The President further affirmed South Africa’s foreign policy as a vital element of the nation's progress. South Africa’s strong relations with other countries manifested through investment and trade relations that can contribute to the growth of the economy, create more opportunities for new businesses and create jobs. 

“President Ramaphosa has been steadfast in maintaining South Africa’s commitment to the policy of active non-alignment. South Africa has resisted pressure to align with any one of the global powers or with influential blocs of nations in their pursuit of power contestations that are unfolding in countries across the globe. 

“The President observed during his foreign policy address that, 'during the Cold War, the stability and sovereignty of many African countries was undermined because of their alignment with the major powers. This experience has convinced us of the need to seek strategic partnerships with other countries rather than be dominated by any other country. 

“While some of our detractors prefer overt support for their political and ideological choices, we will not be drawn into a contest between global powers. Instead, our country strives to work with all countries for global peace and development,” the Presidency said. 

The Presidency noted that it is this resolute adherence to the policy of non-alignment and to the prescripts of the Freedom Charter which informed the nation’s Constitution that South Africa continues to contribute towards the attainment of world peace and silencing the guns on the continent.

The Presidency clarified that President Ramaphosa’s recent remarks declaring President Putin and the people of Russia as “valuable friends and allies”, he was not projecting any particular country or bloc of countries as the enemy. 

“Similarly, as a country that has no enemies, South Africa regards the members of BRICS as friends. It is through the policy of non-alignment that South Africa has been able to constructively engage with both Russia and Ukraine.

“In several engagements, President Ramaphosa has emphasised the centrality of the United Nations Charter and the need for peaceful dialogue in resolving conflict. In the process South Africa has also maintained its strong historical ties with the Russian Federation, whilst enjoying cordial diplomatic bilateral relations with Ukraine. 

“South Africa has also been unwavering in advocating for a peace process that includes the full participation of both countries,” the Presidency said. 

Today, International Relations and Cooperation Minister, Ronald Lamola, will host his Ukrainian counterpart, Minister Andrii Sybiha. 

Amongst the highlights of the visit will be the signing of an Agreement on Visa Waiver for Diplomatic Service or Official Passports. 

This will enable South African officials to travel to Ukraine for peace formula meetings without visa logistical impediments. This development, which has been in the making since 2020, signals South Africa’s commitment to growing diplomatic relations with Ukraine.  

South Africa will soon host the South Africa-European Union summit as part of its G20 presidency, strengthening its strategic partnership with the EU. 

South Africa is the only partner in Africa amongst the European Union’s 10 bilateral strategic partnerships.

The summit will further enhance the existing partnership with the European Union. 

South Africa will continue working towards strengthening the strategic, trade and political bilateral relationships with key partners including the Peoples Republic of China, United States of America, Germany, Japan, India and others. 

South Africa will further consolidate the full implementation of the African Continental Free Trade Area, which is set to eliminate trade barriers, boost intra African trade and achieve prosperity for all of Africa. The African Continental Free Trade Area will also accelerate manufacturing and industrial capacity on the continent. – SAnews.gov.za

DikelediM
Mon, 10/28/2024 - 09:55

390 views
Read morePresidency asserts stance on South Africa’s foreign policy 

Presidency Asserts Responsibility and Stance on South Africa’s Foreign Policy

Location: News

The Presidency of the Republic of South Africa
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On the 20th of August 2023, ahead of the South African Chaired 15th BRICS Summit, President Cyril Ramaphosa delivered an address to the nation on South Africa's foreign policy.  

In the address, President Ramaphosa articulated the principles and values that shape our foreign policy and inform our international relations when he said: “Before the dawn of democracy in 1994, the apartheid South African state was a pariah in the international community, condemned for committing a crime against humanity.

The foreign policy of apartheid South Africa was defined by coercion, destabilisation and military aggression. Since the advent of democracy, South Africa's foreign policy has been based on what our forebears inscribed in the Freedom Charter in 1955, when they declared that: “South Africa shall be a fully independent state which respects the rights and the sovereignty of all nations; South Africa shall strive to maintain world peace and the settlement of all international disputes by negotiation – not war”.

The President further affirmed South Africa's foreign policy as vital element of our nation's progress. South Africa's strong relations with other countries manifested through investment and trade relations that can contribute to the growth of our economy, create more opportunities for new businesses and create jobs.

President Ramaphosa has been steadfast in maintaining South Africa's commitment to the policy of active non-alignment. South Africa has resisted pressure to align with any one of the global powers or with influential blocs of nations in their pursuit of power contestations that are unfolding in countries across the globe.

The President observed during his foreign policy address that, “during the ‘Cold War', the stability and sovereignty of many African countries was undermined because of their alignment with the major powers. This experience has convinced us of the need to seek strategic partnerships with other countries rather than be dominated by any other country.

While some of our detractors prefer overt support for their political and ideological choices, we will not be drawn into a contest between global powers. Instead, our country strives to work with all countries for global peace and development."

It is this resolute adherence to the policy of non-alignment and to the prescripts of the Freedom Charter which informed our constitution that South Africa continues to contribute towards the attainment of world peace and silencing the guns on our continent.

In declaring President Putin and the people of Russia as “valuable friends and allies”, President Ramaphosa was not projecting any particular country or block of countries as the enemy. Similarly, as a country that has no enemies, South Africa regards the members of BRICS as friends. 

It is through the policy of non-alignment that South Africa has been able to constructively engage with both Russia and Ukraine.

In several engagements, President Ramaphosa has emphasised the centrality of the United Nations Charter and the need for peaceful dialogue in resolving conflict. In the process South Africa has also maintained its strong historical ties with the Russian Federation, whilst enjoying cordial diplomatic bilateral relations with Ukraine. 

South Africa has also been unwavering in advocating for a peace process that includes the full participation of both countries.  

On Monday, 28 October 2024, South Africa's International Relations and Cooperation Minister, Hon. Ronald Lamola, will host his Ukrainian counterpart, Minister Andrii Sybiha. Amongst the highlights of the visit will be the signing of an Agreement on Visa Waiver for Diplomatic Service or Official Passports.

This will enable South African officials to travel to Ukraine for peace formula meetings without visa logistical impediments. This development, which has been in the making since 2020, signals South Africa's commitment to growing diplomatic relations with Ukraine.  

Within the first six months of 2025, the year of South Africa's G20 Presidency, our country will also host the South Africa-European Union summit. South Africa is the only partner in Africa amongst the EU's 10 bilateral strategic partnerships. The summit will further enhance the existing partnership with the European Union.

South Africa will continue working towards strengthening the strategic, trade and political bilateral relationships with key partners including the Peoples Republic of China, United States of America, Germany, Japan, India and others.

South Africa will further consolidate the full implementation of the African Continental Free Trade Area, which is set to eliminate trade barriers, boost intra African trade and achieve prosperity for all of Africa. The AFCFTA will also accelerate manufacturing and industrial capacity on our continent.

As President Cyril Ramaphosa continues to lead the 7th Administration in strengthening all key political and trade ties, working in solidarity with the oppressed peoples of the world in Palestine and Western Sahara, while advocating for peaceful resolution of conflicts around the globe, South Africa will maintain a foreign policy that is informed by solidarity, peace, equality, human rights and sustainable development for the benefit of all.

This is the responsibility that President Ramaphosa will continue to exercise without any undue pressure and in line with South Africa's national sovereign interest.  

Distributed by APO Group on behalf of The Presidency of the Republic of South Africa.

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SA well placed to be major hub in clean tech value chain

Location: News

SA well placed to be major hub in clean tech value chain

South Africa is well placed to become a hub for components and equipment manufacturing in the clean technology value chain, including battery technologies for energy storage, electric mobility, material handling and a range of other applications. 

This is according to the Deputy Minister of Trade, Industry and Competition, Andrew Whitfield, who addressed the opening of the R150 million Balancell state-of-the-art Gigafactory in Cape Town.

Balancell is a future-focused, innovative technology business that develops smart batteries designed to manage and protect themselves, and report their use and condition remotely.

“The South African government is working closely with the industry to identify opportunities to deepen the battery technology value chain and to position South Africa as a manufacturing hub on the African continent.

“A recent benchmarking study, supported by the World Bank Group, shows that South Africa is a competitive manufacturing destination, and offers a compelling value proposition for companies in this sector, as demonstrated here,” Whitfield said.

To support these ambitions, Whitfield said there was a number of policies and incentives in place that will enable the growth of this key sector. He said Cabinet has already approved the New Energy Vehicle White paper, setting out the objectives for this sector. 

“Being able to witness an investment from homegrown companies in this sector is truly inspiring. Balancell’s investment of R150 million in this factory is not only directly in line with the strategic priorities of the Government of National Unity, but also a demonstration of the innovative and entrepreneurial spirit that defines many South African businesses. 

“We are motivated by the company’s prospects for growth and further job creation in the coming years. The 75 existing jobs created in this [Gigafactory], supporting more than 1 500 indirect jobs, is a clear indication of the multiplier effect that can be achieved by strengthening and growing the manufacturing sector,” Whitfield said.

A Gigafactory is a huge factory that produces very large numbers of batteries for electric vehicles.

Whitfield highlighted the importance of building a strong base of skilled South Africans. 

“Expanding industry partnerships with leading universities and research institutions to enhance local research, development and testing of components is critical to the industry. I am, therefore, encouraged that you are already working with the Nelson Mandela and Stellenbosch Universities, as well as the Council for Scientific and Industrial Research,” the Deputy Minister said. 

He described the opening of the Gigafactory as an affirmation of the importance of building industrial capacity and working together to achieve the shared vision of South Africa being a global player in the battery value chain.

He further said the investment is an example of South African resilience, innovation and entrepreneurship. – SAnews.gov.za
 

Edwin
Fri, 10/25/2024 - 10:46

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FTSEZ Accelerates Industrialization in South Africa

Location: Business
African Energy Chamber

The Fetakgomo Tubatse Special Economic Zone (FTSEZ) in South Africa has joined the African Energy Week (AEW): Invest in African Energy conference – taking place November 4-8, 2024 - as a bronze sponsor. With a vision to become a globally-recognized center of excellence for sustainable solutions in mineral beneficiation, the FTSEZ integrates energy and mining projects to advance industrialization. AEW: Invest in African Energy 2024 supports this goal by offering a platform for dialogue and deal-signing.

The FTSEZ currently has 10 investment and development partners, with 8 projects in the pipeline. The Limpopo Department of Economic Development, Environment and Tourism allocated R35 million for the development of various projects as part of the industrial zone in the financial year 2021/2022, with the funding continuing to support project development. At AEW: Invest in African Energy 2024, representatives from the FTSEZ will outline project progress and future investment opportunities.

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

The FTSEZ is a multi-faceted industrial hub that is poised to benefit over one million people in the Limpopo province of South Africa. As an industrial cluster, the zone integrates the upstream and downstream mineral value chains with associated energy projects, offering a centralized hub for mineral beneficiation. In the mining and mineral beneficiation sector, the FTSEZ comprises fuel cell plants, a platinum refinery, stainless steel magnetite processing plants as well as facilities to manufacture fabricated metal products. The industrial zone also features manufacturing facilities such as machinery, rubber products and mining equipment and components.

To support mining operations within the province, the FTSEZ is developing a pipeline of energy projects. Aimed at providing a clean and affordable source of power, these projects comprise solar, battery storage, biodiesel and hydrogen facilities. This diverse offering not only supports mining activities across the entire value chain but underscores how the integration of various sources of energy can support economic growth and industrialization in Africa.

Beyond energy projects, the FTSEZ features various water, road and rail projects. Completed projects include the R70 million Steelpoort Wastewater Treatment Works project and the R65 million Steelpoort Water Treatment project – the latter of which has plans to increase treatment capacity. Projects under construction include the R121 million upgrade to the Ga-Malekana Water Treatment facility; the R2 billion construction of the R37 and R555 main roads; the Steelpoort railway sliding development; the R1.6 million Regional External Master Plan; the R70 million Steel Bridge upgrade; and the SEZ human settlement scoping report. To date, the technical stage for the Ga-Malekana Water Treatment project has been approved.

“The development of industrial zones such as FTSEZ will not only provide a centralized location for mining operations in South Africa but integrate various other segments of the economy. FTSEZ is a testament to how merging key sectors such as energy, mining and agro-processing can drive economic growth and industrialization. By adopting similar development plans, other countries in Africa can fuel the development of various industries while creating jobs and boosting skills development,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.

AEW: Invest in African Energy 2024 provides an opportunity for potential investors and project developers to engage with FTSEZ representatives. Through the zone's bronze sponsorship, FTSEZ will provide an overview of major projects, potential expansion opportunities and strategies for replicating the zone in other provinces.

Distributed by APO Group on behalf of African Energy Chamber.

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Designation research studies underway to strengthen local production and content

Location: News

Designation research studies underway to strengthen local production and content

Designation research studies are underway to strengthen the role of local production and content in the South African public procurement system, says Chief Director of Industrial Procurement and Development at the Department of Trade, Industry and Competition (the dtic).

Makube on Tuesday made a presentation at the 11th Manufacturing Indaba Conference and Exhibition in Johannesburg.

The Manufacturing Indaba is an annual event in South Africa that brings together key stakeholders from the manufacturing sector, including business leaders, government representatives, investors, and industry experts. 

Its purpose is to foster growth, collaboration and innovation in the manufacturing industry, providing a platform for discussion on challenges, opportunities and policy frameworks. 

The event aims to enhance industrialisation, drive economic growth and promote sustainable practices in manufacturing across the continent.

Makube’s presentation, which focused on “Localisation in the Public Procurement System”, highlighted key areas where policy adjustments could better support South Africa's economic growth, emphasising the strategic importance of localisation in stimulating the local economy by leveraging public sector expenditure. 

He provided a comprehensive analysis of the current economic landscape, underscoring the importance of targeted interventions to drive growth.

"It is crucial that we intervene strategically in the economy by being deliberate about our procurement and purchasing choices. This requires rigorous economic analysis. 

"While South Africa faces challenges in achieving the growth rates outlined in the National Development Plan, efforts to strengthen the localisation framework are essential. 

“We need to address structural challenges in our economy, such as the declining manufacturing value addition to gross domestic product (GDP), high unemployment rates and scaling up export growth that will ensure sustainable economic development,” Makube said.

He emphasised the potential for localisation to drive economic multipliers, such as job creation and industrial development through strategic procurement. 

Local production, particularly in sectors like manufacturing, can significantly enhance South Africa’s economic resilience.

“Manufacturing has historically been a key contributor to the GDP product, and we need to revive its role by focusing on sectors where we have a competitive advantage. 

“Public procurement serves as a powerful tool to achieve this by prioritising South African-made goods and services. Such measures would help address issues related to South Africa’s reliance on imports and support government's broader economic transformation agenda,” Makube said.

Looking ahead, Makube highlighted the dtic's commitment to fostering a fair, transparent and competitive public procurement environment that benefits local producers and suppliers. He noted that recent legislative developments, such as the development of the Public Procurement Act, offer new opportunities for supporting local industries.

“Our goal is to ensure that procurement processes not only meet constitutional requirements but also contribute to building a stronger local economy. 

“By enhancing transparency and competitiveness, we can create a more inclusive market that benefits all South Africans, especially those previously excluded from economic participation,” Makube said. – SAnews.gov.za

Edwin
Wed, 10/23/2024 - 13:51

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