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An innovative payments and loyalty solution to expanding to a global market. Industry giants, Brian Dunne, based in the UK, and Debbie Ghillino, based in South Africa were so impressed with the value proposition and the potential of the technology created by Australian based Elevate Loyalty Pty Ltd, they have invested and joined forces to …
Making informed property decisions hinges on having a deep understanding of property data. Whether you’re an experienced investor or someone exploring real estate for the first time, navigating property valuations and the complexities of the South African property market is crucial. Factors such as location, economic trends, and property type all play a part in …
Lamola concludes successful working visit to the US
International Relations and Cooperation Minister, Ronald Lamola, has successfully concluded his productive weeklong working visit to Washington D.C. in the United States of America (USA).
During his visit, he met with important stakeholders, such as the House of Representatives Subcommittee on Africa, the Congressional Black Caucus, the US Chamber of Commerce, and various bipartisan think tanks.
Lamola emphasised the importance of the dynamic and evolving relationship between South Africa and the United States.
“He expressed optimism about the potential for continued frank engagements on geopolitical matters based on mutual respect and identified areas for cooperation.
“Moving forward, efforts to sustain important engagements regularly in a structured system will be explored at a high political level,” a statement from the Department of the International Relations and Cooperation (DIRCO) read.
READ | Lamola embarks on a working visit to the United States
According to the department, the Minister highlighted the mutually beneficial nature of bilateral trade relations, with an emphasis on how moving forward, these relations can support South Africa’s goals of achieving rapid, inclusive and sustainable economic growth, job creation, poverty alleviation and a just society.
South Africa enjoys strategic relations with the USA and has strong political, economic, and social ties.
According to the department, bilateral cooperation with the United States covers various issues aligned with South Africa’s domestic priorities and the National Development Plan (NDP).
America is also the leading source of foreign direct investment, a market for value-added exports and agri-products, technology transfer, development assistance, investment finance, skills development, and tourism for South Africa.
The department believes that these investments make a significant contribution to supporting government efforts to reduce poverty, unemployment and inequality. – SAnews.gov.za
Gabisile
Thu, 09/19/2024 - 15:15
In celebration of Heritage Day, Mall Of The South is excited to launch a fresh campaign that captures the essence of South Africa’s vibrant spirit in a unique and inspiring way. This year, we’ve focused on a question that truly resonates with everyone: “Where do most people find the inspiration and motivation to rise above …
Gender equality is contingent on women's economic development
Department of Women, Youth and Persons with Disabilities Director-General, Advocate Mikateko Maluleke, says gender equality is contingent on women's economic development and financial independence.
“Worldwide, history and research has demonstrated that women’s economic empowerment increases their access to economic resources and opportunities including jobs, financial services, property and other productive assets, skills development and market information,” Maluleke said.
She highlighted that for South Africa, this outlook has translated itself in vast areas of development where women are taking the reins and actively contributing to their country’s development agenda.
“South Africa’s economic empowerment mechanisms for promoting the status of women, fully utilising government resources and effectively mobilising social resources lays an important foundation in the promotion of gender equality and women’s development,” Maluleke said.
The DG was speaking on Thursday at the Women for Social Progression session held during the BRICS Women’s Forum currently underway in St. Petersburg, Russia.
The Eurasian Women’s Forum is an influential international platform that enables women leaders from all continents to engage in dialogue and adopt joint decisions on key issues concerning international cooperation, sustainable economic development, the assimilation of new technologies, a healthy lifestyle, environmental safety, and the promotion of social charitable projects.
Maluleke pointed out that shared commitment across all sectors to support, grow, empower, and recognise women leaders not only promotes fairness, but it also improves the performance of state companies and organisations.
She said empowered, inspired, and developed women are critical to improving any country’s global competitiveness and “this is equally the legacy that will be passed over to future generations”.
“Gender equality and empowered women are catalysts for multiplying development efforts and positively positioning the competitiveness of countries as an attractive investment destination.
“Women are architects of society and are revered for their strength in building the family unit and homes, as well as their contributions to the communities, societies and nations,” Maluleke said. She emphasised the importance of integrating digital technologies into all areas of business, changing how economic and social activities are conducted.
While digital technology can bring tremendous opportunities, Maluleke acknowledged that it can also widen socioeconomic gaps for those who lack internet connectivity, affordable devices, or the skills to benefit from digital services.
She said vulnerable people and groups who do not have training in digital skills are equally more susceptible to online risks including fraud, data disclosure, identify theft and cyberbullying.
Maluleke also noted that while the digitalisation of social protection presents immense opportunities for delivering welfare services more efficiently and effectively, it also raises critical challenges related to data protection, data poverty, and bias and discrimination.
“Protecting sensitive data, ensuring privacy through consent, and minimising surveillance risks are crucial for maintaining trust and upholding individual rights. Addressing the digital divide and providing alternative methods for inclusion will ensure that vulnerable groups are not left behind in the transition to digital systems,” the Director-General said. – SAnews.gov.za
GabiK
Thu, 09/19/2024 - 14:27
COKE STUDIO™ 2024 (www.CokeStudioAfrica.com) unveiled exciting new additions to this year's lineup, welcoming global music superstars, USHER and Tyla. Marking another milestone for COKE STUDIO™, Coca-Cola's premier global music platform, USHER and Tyla are joining this season alongside several incredible artists including Karol G, NewJeans and Peggy Gou, delivering exclusive musical experiences to fans around the world.
As part of the COKE STUDIO™ programming, fans can look forward to an array of immersive experiences from USHER and Tyla, including exclusive original tracks and thrilling live performances to be announced in the coming weeks. In October, USHER will perform live in Atlanta as part of his upcoming tour, while Tyla will take the stage in Johannesburg, South Africa where lucky fans will get to be some of the first in the world to experience the new tracks performed live for the very first time.
“Being part of this year's COKE STUDIO™ lineup is both an honor and an opportunity to engage with my fans through the power of music. Partnering with Coca-Cola to bring these experiences to life is exciting, and I can't wait for fans to join us in the magic we're crafting together,” said USHER.
“I'm excited to perform in my hometown of Johannesburg as part of the COKE STUDIO™ platform. It's a privilege to bring these vibrant moments to life and share the joy and energy with music lovers across the world,” said Tyla.
USHER and Tyla are the latest artists to curate new music for COKE STUDIO™ 2024 following the successful song drops of Karol G's “Si Antes Te Hubiera Conocido” (https://apo-opa.co/3Twfqxy), Peggy Gou's “Find The Way” (https://apo-opa.co/3Zwa09F), and NewJeans' “How Sweet” (https://apo-opa.co/3Xzzbp4) videos. Karol G's COKE STUDIO™ session has been celebrated for its remarkable achievements, as it reached the No. 1 global top music video on YouTube with over 225 million views. The song has been on top of the global charts for more than ten weeks, while also reaching the No. 1 spot on the Billboard Hot Latin Songs chart. You can pre-save Usher's track here (https://apo-opa.co/3Xzo7bs) before it's released across music streaming services.
“We're thrilled to welcome two of our favorite artists, USHER and Tyla, to our incredible 2024 lineup. This year COKE STUDIO™ offers unparalleled access to exclusive content and experiences that can't be found anywhere else. We've partnered with both USHER and Tyla to create something special for their fans, and we're sure that they will love what we have in store for the rest of 2024,” said Josh Burke, global head of music and culture marketing at The Coca-Cola Company.
The COKE STUDIO™ 2024 campaign was developed by Universal Music Group for Brands, Spotify AUX, Blended Strategy Group, Tyne Valley Group and WPP Open X including VML, Ogilvy and EssenceMediacom.
Fans can learn more information and access all content related to COKE STUDIO™ by visiting https://apo-opa.co/3TzOOM1.
Distributed by APO Group on behalf of Coke Studio Africa.
Contact:
Amel Benchikh El Houcine
abenchikh@coca-cola.com
About The Coca-Cola Company:
The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company's purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We're constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people's lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.CoCa-ColaCompany.com and follow us on Instagram (https://apo-opa.co/3ZpCjGN), Facebook (https://apo-opa.co/3TwfugM) and LinkedIn (https://apo-opa.co/4evqEua).
Art auctions have long been a prominent platform for buying and selling rare, valuable works. Whether you’re an experienced collector or new to the art scene, these events offer an opportunity to acquire pieces that may never be available again. From paintings to sculptures, art auctions span a diverse range of media, ensuring there’s something …
In recognition of the critical role that gender plays in the sustainability and success of small-scale fisheries, AU-IBAR, Mabuyi Development Planners, and he Blue Wild Coast Non-Profit Organization (South Africa) are hosting a two-day community workshop in East London, South Africa. The workshop, running from September 18-19, 2024, aims to develop a Gender Plan of Action for non-governmental organizations (NGOs) operating in small-scale fisheries to support aquatic biodiversity conservation efforts in South Africa. This event serves as a vital platform to address gender disparities in the fisheries sector, amplify the voices of women, and establish gender-sensitive policies and strategies.
Objective of the Workshop
The workshop engages stakeholders from various sectors to co-create and enrich a Gender Policy Document for environmental NGOs. Specifically, it seeks to mainstream gender into aquatic biodiversity conservation and environmental management efforts. Through this collaborative process, the event addresses gender inequalities in small-scale fisheries, enhances female participation in decision-making, and ensures that women's roles are better recognized across the fisheries value chain.
Participants and Stakeholders
This multi-stakeholder event brings together representatives from AU-IBAR, government agencies, local cooperatives, private sector actors, and gender advocacy organizations, including the South African Network for Women in Fisheries (SANWFA) and the African Women Fish Processors and Traders Network (AWFISHNET). Collectively, these organizations focus on strengthening the roles of women and youth in small-scale fisheries and advancing gender mainstreaming in the sector.
Opening Remarks and Keynotes
The first day of the workshop opens with welcoming remarks from the Blue Wild Coast NPO, emphasizing the importance of civil society in empowering communities with fishing rights and elevating the often-overlooked contributions of women in fisheries.
- Ms. Francisca Mhuriro, who represented the Director of AU-IBAR, delivered an address, emphasising the need for gender equality in aquatic biodiversity conservation. “Equal participation of both men and women in conserving aquatic biodiversity and ecosystems is crucial for Africa's blue economy development,” she stated. “Yet, women are often marginalized in decision-making due to cultural norms. These constraints limit their access to resources and participation in the sector.” Ms. Mhuriro highlights frameworks such as the Beijing Declaration and Malabo Declaration, which call for affirmative actions to include women in economic opportunities and urges participants to adopt inclusive approaches in fisheries management.
- Mr. Zamkhaya Maseti, representing the Premier's Office of the Eastern Cape, shared insights into the Eastern Cape province's Blue Oceans Economy Master Plan, developed in partnership with Nelson Mandela University. “For our province to realize its potential in the blue economy, access to equipment and capacity-building for women is crucial,” he noted. Maseti called for more partnerships with civil society organisations to empower coastal communities, urging for protection from exploitation by external investors.
- Ms. Thabisa Sigwela, from the Buffalo City Maritime Cluster, spoke about her organization's work supporting projects related to coastal marine tourism, ocean governance, and small harbor development. “South Africa's 3,000-kilometer coastline is vital for improving the livelihoods of coastal communities,” she noted. Sigwela stressed the need for strategies that balance the exploitation of natural resources with long-term sustainability, emphasizing the importance of involving rural communities, especially women and youth, in these initiatives.
- Ms. Mashebane Thosago, representing SANWFA and AWFISHNET, called for greater female leadership in the fisheries sector. “Gender issues affect every aspect of our lives, and women must be at the forefront of shaping policies that influence their livelihoods,” she stated. Thosago encouraged participants to engage openly in discussions, noting that while sensitive issues may arise, such dialogue is necessary to foster inclusivity and progress.
- Ms. Nozuko Ntsokota, from the South African Department of Forestry, Fisheries and the Environment (DFFE), addressed the barriers women face in accessing markets and infrastructure. “Market access is a significant challenge for small-scale fishers, especially women,” she noted. Ntsokota highlighted the importance of collaborative efforts to open opportunities for women in fisheries cooperatives and praised the mentorship programs being developed for traditional fishers.
Workshop Structure and Themes
Throughout the workshop, participants are expected to gain valuable insights from key stakeholders who discuss current challenges and opportunities for gender equality in small-scale fisheries. The workshop is structured around several key themes:
1. Gender Mainstreaming in Fisheries: Participants will explore concepts of gender mainstreaming and how these apply to aquatic biodiversity conservation. Case studies demonstrate how gender integration can enhance sustainability in fisheries management.
2. Gender Roles in Aquatic Biodiversity Conservation: A dedicated session will examine the distinct roles men and women play in aquatic biodiversity conservation. Although women often engage in fish processing and trading, their involvement in resource management and decision-making is frequently overlooked.
3. Small Group Discussions: Participants break into stakeholder-specific groups to identify challenges faced by women in the fisheries value chain. These discussions focus on practical solutions to improve women's access to resources and leadership positions.
4. Capacity Building and Policy Development: On the second day, SANWFA will lead a session on gender analysis tools, providing participants with practical strategies for addressing gender disparities. The workshop concludes with the development of a comprehensive Gender Action Plan, which serves as a guide for NGOs working in small-scale fisheries across South Africa.
Why This Workshop Matters
Small-scale fisheries contribute significantly to food security, livelihoods, and biodiversity conservation in South Africa. However, women remain underrepresented and face substantial barriers to participation and leadership. This workshop provides a platform to address these challenges through dialogue, gender-sensitive policy development, and capacity building.
By the end of the two-day workshop, participants are expected to create a comprehensive Gender Action Plan tailored to the realities of NGOs working in small-scale fisheries. This collaborative effort promotes more inclusive and sustainable fisheries management in South Africa, aligning with the goals of the Conserving Aquatic Biodiversity Project under the Africa Blue Economy Strategy, funded by the Swedish International Development Cooperation Agency (SIDA).
Distributed by APO Group on behalf of The African Union – Interafrican Bureau for Animal Resources (AU-IBAR).
Local company sets sights on international markets
A Mamelodi-based detergents company is determined to take full advantage of the Partnering in Business with Germany Programme and export their products to international markets.
This was said by the Founder and Managing Director of TOSH Detergents, Lufuno Rasoesoe.
She was speaking during the recent alumni event of the programme that was hosted by South Africa and Germany in Sandton.
According to Rasoesoe, participating in the Partnering in Business with Germany Programme has been of significant benefit to her Gauteng company.
In April, the Department of Trade, Industry and Competition (the dtic) and the German Federal Ministry for Economic Affairs and Climate Change signed a Joint Declaration on Cooperation to formalise a programme to train and mentor emerging exporters from South Africa to access the German market.
“Through the business-to-business meetings and visits to various manufacturing plants in Germany, I gained valuable insights into how we can improve our own manufacturing plant.
“The exposure to advanced processes and operational standards inspired the factory plans that we are currently developing, as well as the implementation of more efficient standard operating systems. This experience has given us a clearer vision of how to elevate our production capabilities and meet global standards,” Rasoesoe said.
She explained that after participating in the programme, her company was invited to participate in the Africa Start-up Connect Week in Berlin, Germany.
At that event, she met entrepreneurs from across the African continent and was exposed to a wealth of export opportunities within the continent.
“This has broadened my network and opened doors for potential collaborations and expansion into various African markets, bringing us closer to our goal of growing TOSH Detergents' presence internationally."
She added that her participation in the Partnering in Business with Germany Programme and the Rand Show Exhibition, both with the assistance of the dtic has impacted positively on her business.
“Both experiences were incredibly valuable for my business. The Rand Show Exhibition provided us with great exposure to a wider audience, allowing us to showcase our products and build new connections.
“The Partnering in Business with Germany Programme offered insights into international markets, manufacturing best practices, and potential export opportunities.
“These experiences have been instrumental in growing our brand and expanding our market reach,” Rasoesoe said.
TOSH Detergents was formed in March 2021 as a business initiative aimed at addressing the need for affordable, high-quality cleaning products in South Africa.
The company was inspired by the desire to create a sustainable business that could provide essential household products while also empowering local communities.
“TOSH Detergents does not only fill a gap in the market, but also promotes job creation and economic development, particularly in the previously disadvantaged areas,” she said.
READ | SA-Germany to place trade and investment under the spotlight
The company currently employs 15 people, nine in the production area, and six as merchandisers and sales agents.
TOSH Detergents products can be found at Shoprite, Checkers, Makro Online, Takealot, Zulzi and distributors in various provinces. – SAnews.gov.za
Edwin
Wed, 09/18/2024 - 15:12
Maponya Mall, a vibrant shopping destination in the soul of Soweto, is excited to announce its “Join The Upside” market, taking place from September 23rd to 29th, 2024. This initiative aims to celebrate the resilience and entrepreneurial spirit of the Soweto community, while offering opportunities for local businesses to thrive. Share Your Upside Story and …
Expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, Nigeria; Leveraging success in Latin America to provide underbanked populations in Africa with efficient payment functions.
PayRetailers, the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple payment solution that will be a game changer for cross-border online merchants looking at Africa as their next move for strategic growth.
PayRetailers offer a simple, user-friendly, and scalable experience to businesses looking to grow their regional operations and give them access to major local payment methods like MPESA, Airtel, and MTN. The further expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa and Nigeria, having recently launched in Rwanda, Zambia, Uganda, and Tanzania three months ago.
This expansion effort further solidifies PayRetailers' ability to unlock new growth opportunities for their clients, giving them easy access to additional emerging markets. For existing clients, in fact, this process requires zero integration efforts, as it is all handled via the same API.
With many populations across Africa being underbanked, PayRetailers accelerates financial inclusion across the region by supporting businesses with their growth journey. The market is increasingly mobile and connected, with global businesses seeking to tap into the strong growth opportunities across Africa.
The expansion marks a significant milestone in PayRetailers' ambitious growth plans, with further expansion planned into more African countries as well as Europe. Leveraging its extensive experience in Latin America, the company is well equipped to address the unique needs of African consumers and businesses.
Jonathan Vintner, Global Head of Sales at PayRetailers, said:
“Expanding into eight new markets marks a significant milestone for PayRetailers as we continue our mission to bring tailored payment solutions to diverse regions. Africa is a vibrant and varied continent, with payment preferences that differ from region to region. For example, our launch in Kenya enables merchants to access M-Pesa, the country's leading mobile money provider, while in South Africa, we're offering a blend of card and cash solutions to meet local demands. All of this is seamlessly integrated into our existing API, allowing merchants to access the top payment methods across Latin America and now Africa through a single connection—with more countries on the horizon”.
Distributed by APO Group on behalf of PayRetailers.
For media inquiries, please contact:
Issie Rees-Davies
Account Manager
Lansons
payretailers@lansons.com
07712447161
About PayRetailers:
Founded in 2017, PayRetailers is a global payment processing solution for secure and efficient transactions in Latin America and Africa. The company is a trusted partner for businesses seeking customized payment solutions. With a flexible platform supported by a direct API and commercial agreements, PayRetailers provides access to 300+ local payment methods, adapting rapidly to market demands. Its own technological architecture is highly flexible and scalable, allowing rapid innovation to meet the demands of constantly evolving markets. For more information about PayRetailers, visit www.PayRetailers.com
Report by Just Share exposes pay gaps in the retail and wholesale sector
Meet SA’s new petroleum company
A policy statement by President Cyril Ramaphosa has today resulted in the formation of a new state-owned petroleum company, the South African National Petroleum Company (SANPC).
The SANPC has been formed following the merger of the Central Energy Fund (CEF) subsidiaries, iGas, PetroSA and the Strategic Fuel Fund.
The SANPC is poised to become a leading player in the country's energy sector ensuring energy security, driving new technologies, developing and enabling essential infrastructure, fostering strategic partnerships and propelling social and economic development.
It is also expected to oversee strategic planning, coordination and governance of the country's petroleum resources, contributing to the country's development and economic growth.
The company has been granted approval to start operating in terms of the s51(g) (h) of the Public Finance Management Act of 1999.
The formation of the state-owned company follows President Ramaphosa’s February 2020 State of the Nation Address (SONA) wherein he announced government’s intention to repurpose and “rationalize” state-owned enterprises to support growth and development in South Africa.
Under this national directive, on 10 June 2020, Cabinet approved the Department of Mineral Resources and Energy’s (DMRE) request to merge the three subsidiaries of the Central Energy Fund (CEF); namely the South African Gas Development Company SOC Limited (iGas), PetroSA and Strategic Fuel Fund (SFF).
“The rationalization of these subsidiaries into one single SA National Petroleum Company is on the basis that each company be efficiently structured so as not to transfer operational inefficiencies and going concern issues into the new entity.
“Out of the three merging entities, only iGas and SFF are financially viable to be merged into the new entity subject to key legal requirements. However, following a rigorous assessment of the PetroSA business, the only financially viable division to be merged into the new company is Trading and the Ghana asset,” the new petroleum company said in a statement on Wednesday.
It added that the remainder of the business that does not form part of the SANPC will form part of legacy assets requiring further work to be done before they could be transferred into the SANPC.
“In the interim, the SANPC will be incorporated as a subsidiary of [the] CEF Group of Companies until the National Petroleum Bill is promulgated into law. For the SANPC to kick start its operations, it would use the Lease and Assign model wherein certain assets of the merging entities will be leased to the new company, the SANPC.”
READ | Closing date for draft SA Petroleum Company Bill public comments extended
The proposed Lease and Assignment model provides the opportunity to strategically select what is leased and assigned to the SANPC by ring-fencing or isolating PetroSA’s legacy assets such as decommissioning liability and current operating challenges of the Gas to Liquid Refinery.
“This approach will improve the financial risk profile for SANPC to secure funding as well as provide a legally sound solution to deal with the constraints associated with the non-profit status of [the] SFF. At the same time, work has begun to attend to the legacy assets which include the re-instatement of the Gas -To- Liquids (GTL) Refinery and the decommissioning liability methodology and provisioning.
“Once all the matters relating to these legacy assets are resolved, they would be ready for transfer to the SANPC.”
The company said that the Lease and Assignment transaction is deemed necessary and the most effective approach for the merger.
“With the combined strengths of the three subsidiaries, a solid financial position, and robust stakeholder support, the SANPC is well-positioned to leverage these benefits and seize the R95 billion market opportunity.
"The SANPC would be poised to become a leading player in South Africa's energy sector, ensuring energy security, driving new technologies, developing, and enabling essential infrastructure, fostering strategic partnerships, and propelling social and economic development,” said the company. - SAnews.gov.za
Neo
Wed, 09/18/2024 - 09:28
SA launches R300 million facility for recycling plastic
A new PET (polyethylene terephthalate) processing facility, which can accommodate more plastic waste and is the first-of-its-kind technology for Africa, will come on stream in 2025.
This was announced on the sidelines of the International Solid Waste Association’s (ISWA) annual conference where South Africa’s efforts to build a circular economy for post-consumer packaging was thrust into the spotlight.
The ISWA’s annual conference saw the country’s most experienced producer responsibility organisation, Petco, and recycling partner, Extrupet, giving a site tour of the new PET processing facility.
The facility, which houses the new R300 million project, will bring PET bottle-to-bottle recycling capability to the Western Cape for the first time.
The facility will add an extra 15 000 tonnes per annum of food-grade recycled PET (rPET recycled polyethylene terephthalate) output capacity.
Extrupet Joint Managing Director Chandru Wadhwani said 64% of South Africa’s PET plastic bottles were currently collected for recycling.
“With this increased capacity, we will be able to accommodate more plastic waste and strengthen South Africa’s position as a circular economy leader in Africa and the world,” Wadhwani said on Monday in Cape Town.
Stimulating demand
Deputy Minister of Forestry, Fisheries and the Environment Bernice Swarts said the facility adds value to the country’s efforts to increase the collection and recycling rates for packaging materials, including PET.
“We view the facility as an opportunity to stimulate a demand for more PET materials and a supply of these by waste pickers and waste small, medium, and micro enterprises (SMMEs), thus creating stable markets for PET.
“The facility needs to be fed and the collection system needs to be improved in order to meet the demand of this facility.
“Waste pickers are an important contributor to the supply of the input material of plastic waste and we look forward to seeing the implementation of the waste picker service fee in order to continue to enable these waste pickers to do their work effectively and efficiently," Swarts said.
Petco CEO Cheri Scholtz said the additional capacity would assist in closing the loop for PET, which is the most widely recycled plastic polymer that can be turned into another food- grade product.
“So, this increase in capacity takes us another tangible step towards that circular economy, in which a bottle becomes a bottle over and over again and keeps that material in circulation at its highest possible value,” Scholtz said.
This year’s ISWA conference is taking place under the theme: “Waste to Wealth: Solutions for a Sustainable Future”.
As the host country, South Africa has demonstrated its commitment to sustainable development with a focus on building a circular economy and the introduction of extended producer responsibility (EPR) regulations that require producers to take responsibility for their packaging waste throughout its life cycle.
Partnership
Scholtz said, as a Producer Responsibility Organisation, Petco worked with government to contribute to policy development and the implementation of EPR legislation and helped its members to meet their legislated targets for collection, recycling and the inclusion of recycled content in their packaging, which increased year on year.
She said the key to success lay in building a sustainable value chain that could survive the economic peaks and troughs, by balancing collection with recycling capacity and stimulating.
“It doesn’t just happen overnight; it has been a journey. Petco and Extrupet have been working together for more than 20 years to build a solid foundation.
“Petco’s commitment of ongoing support to our 10 contracted recycling partners, like Extrupet, gives them the confidence to invest in the new equipment and infrastructure that is needed to recycle increasing tonnages of recyclable packaging.
“The support also enables recyclers to increase the gate price at which they purchase recyclable packaging, which stimulates collection on the ground by increasing the street value of this packaging and growing the local market for it, thereby making it easier for waste pickers to sell their collected packaging and earn an income from it,” Scholtz said.
She said a strong relationship with government, especially the Department of Forestry, Fisheries and the Environment, was equally important for the country to benefit as a whole.
“Having implementable regulations, strong compliance, and effective enforcement is vital. We partner with all tiers of government to support sustainable waste management and diversion initiatives, and work towards meeting sustainable development and circular economy goals.”
Climate Change Bill
She said that the opening of the new plant also aligned with government’s climate change goals, as outlined in the newly signed Climate Change Bill.
The bill sets out to enhance South Africa’s ability to cut greenhouse gas emissions and build climate resilience, while reducing the risk of job losses, and promoting new job opportunities in the emerging green economy.
Wadhwani said Extrupet had established its first bottle-to-food-grade line in Johannesburg in 2009, with the second following in 2014.
“The third arrived during the COVID-19 pandemic in 2020. And the fact that this is now the fourth line in what's, in essence, a 15-year horizon is just so gratifying for us,” Wadhwani said. - SAnews.gov.za
nosihle
Tue, 09/17/2024 - 09:49
Red Ribbon Communications, a leading PR agency specialising in tech PR and sustainability, has achieved a significant milestone through its successful collaboration with Rubicon, a leading South African sustainable technology provider. The strategic partnership has not only solidified Red Ribbon’s position as an expert in providing PR services to renewable energy solutions but has also …
Introduction Valuations are integral to various aspects of our lives, from determining the value of a property to assessing the worth of a vintage car. Whether you’re dealing with property valuations or art valuations, understanding the factors that influence these figures is crucial. In this article, we will explore the various types of valuations, highlighting …
The Deputy Minister of Employment and Labour (DEL) Mr Jomo Sibiya has urged one of the Labour Department ‘s entities, Productivity SA to increase its visibility amongst South African businesses and also widen its reach to SMMES in the country. Delivering the keynote address at the 2024 Productivity SA Annual General Meeting (AGM), Mr Sibiya …
The Coca-Cola Company in Africa (www.Coca-ColaCompany.com) and its bottling partners Coca-Cola Beverages Africa (CCBA), Equatorial Coca-Cola Bottling Company (ECCBC) and Coca-Cola HBC announced a nearly USD 25 million investment to help address critical water-related challenges in local communities in 20 African countries, starting this year through 2030. The work will be led by Global Water Challenge (GWC) and implemented by a consortium of partners, including The Nature Conservancy (TNC), The International Union for Conservation of Nature (IUCN) and the World Wildlife Fund (WWF).
The effort, called ‘The Coca-Cola System's Africa Water Stewardship Initiative', was introduced in Cape Town, South Africa, in presence of executives from the Coca-Cola system in Africa and NGO partners. During the event, Karyn Harrington, Vice President of Public Affairs, Communications and Sustainability at The Coca-Cola Company's Africa Operating Unit indicated “Water is a priority for The Coca-Cola Company and its local bottling partners because it is essential to life, the communities we serve and our beverages. As we face increasing water insecurity worldwide, with demand outstripping supply in many regions such as Africa, Coca-Cola is taking steps to help accelerate efforts to address water stress, protect local water resources, and build community climate resilience. Our 2030 Water Security Strategy focuses on helping enhance water security where we operate, source ingredients, and touch lives.”
“One in three Africans face water insecurity. The Global Water Challenge and ‘The Coca-Cola System's Africa Water Stewardship Initiative' partner coalition will seek to improve water security for millions across the African continent, helping advance community health and resilience through abundant, clean water. We applaud Coca-Cola's continued leadership on African water security” said Monica Ellis, CEO of GWC.
‘The Coca-Cola System's Africa Water Stewardship Initiative' aims to help protect and enhance the health of important watersheds and to help improve access to water and sanitation services in local communities. We will have projects in Algeria, Botswana, Cabo Verde, Comoros, Egypt, Eritrea, Eswatini, Ethiopia, Kenya, Mayotte, Morocco, Mozambique, Namibia, Nigeria, Somalia, South Africa, Tanzania, Uganda, Zambia and Zimbabwe.
“CCBA has a responsibility to help those who face water scarcity and to help protect local water resources where we operate, especially in places with the biggest challenges. We are proud to partner with The Coca-Cola Company on this project,” says Layla Jeevanantham, Chief Public Affairs, Communication and Sustainability Officer at CCBA.
“We are proud to partner with The Coca-Cola Company and fellow bottlers on this critical initiative to help tackle water challenges across Africa. By working together, we can leverage the expertise of our partners and the knowledge of local communities to help create sustainable solutions that enhance water access and safeguard vital water resources,” said Sonia Ventosa, Public Affairs, Communications & Sustainability Manager at ECCBC.
“Coca-Cola HBC has been part of African communities for more than 70 years, and sustainability is an important part of how we operate. We're very happy to see this new water initiative come to life and to support the system's water stewardship efforts,” said Marcel Martin, Chief Corporate Affairs & Sustainability Officer, Coca-Cola HBC.
Recognizing that partnerships are critical to support this work, the company and its bottlers are collaborating with governments, businesses, and civil society organizations to design and implement strategic interventions. In addition to supporting the company's water strategy, this effort also aims to contribute to advancing the United Nations' Sustainable Development Goal 6, which focuses on ensuring availability and sustainable management of water and sanitation.
This water initiative will build upon The Coca-Cola Foundation (TCCF)'s Replenish Africa Initiative (RAIN), a groundbreaking collaboration with key partners and co-funders which helped improve access to clean water, sanitation and hygiene for 6 million people across African countries between 2009 and 2019. Through 120 projects, the initiative positively impacted homes, schools and healthcare clinics in more than 4,000 communities.
Distributed by APO Group on behalf of Coca-Cola.
Contacts:
Amel Benchikh El Houcine
abenchikh@coca-cola.com
About The Coca-Cola Company:
The Coca‑Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company's purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca‑Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and AdeS. We are constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people's lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.Coca-ColaCompany.com and follow us on Instagram (http://apo-opa.co/3Ttw0hL), Facebook (http://apo-opa.co/3ToqwVu) and LinkedIn (http://apo-opa.co/4db5D6V).
Forward-Looking Statements:
This update may contain statements, estimates or projections that constitute “forwardlooking statements” as defined under U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forwardlooking statements, which generally are not historical in nature. Statements about our sustainability goals, aspirations and anticipated progress also constitute “forwardlooking statements.” Forwardlooking statements are subject to certain risks and uncertainties that could cause The CocaCola Company's actual results to differ materially from its historical experience and our present expectations or projections. These risks include, but are not limited to, evolving sustainability regulatory requirements and expectations, including evolving processes, controls and methodologies for identifying, measuring, assuring and reporting sustainability metrics and data, which could result in significant revisions to our previously reported data; increasing concerns about the environmental impact of plastic bottles and other packaging materials; water scarcity and poor quality; increased demand for food products, decreased agricultural productivity and increased regulation of ingredient sourcing due diligence; climate change and legal or regulatory responses thereto; adverse weather conditions; unfavorable economic and geopolitical conditions; disruption of our supply chain, including increased commodity, raw material, packaging, energy, transportation and other input costs; an inability to successfully integrate and manage our acquired businesses, brands or bottling operations or an inability to realize a significant portion of the anticipated benefits of our joint ventures or strategic relationships; and other risks discussed in our filings with the Securities and Exchange Commission (the SEC), including our Annual Report on Form 10K for the year ended December 31, 2023, and our subsequently filed Quarterly Reports on Form 10Q, which filings are available through the SEC's website. You should not place undue reliance on forwardlooking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward looking statements.
Manufacturers pleased with AllFashion Sourcing Exhibition
Clothing, textile, footwear and leather manufacturers who showcased their proudly South African products at the AllFashion Sourcing Exhibition in Cape Town this week have expressed satisfaction with the quality of meetings they held and leads they acquired during the show.
The group received support from the Department of Trade, Industry and Competition (dtic) to showcase their products at the Cape Town International Convention Centre (ICC) from 10-12 September 2024.
The Sales Manager of Genuine Connection Promotions, Elaine Köhne, described the experience as amazing and beneficial as it offered an opportunity to showcase their clothing line, gather market insight, connect with industry professionals and attract new business.
“We managed to network, interact with visitors and other companies that were showcasing at the show,” Köhne said.
“We had good conversations and exchanged contacts which we will definitely follow up on. We will invite these new contacts to our premises for further engagements that could lead to new business opportunities and partnerships. Importantly, the show gave us an opportunity to also see what is on the international market,” she said.
According to the Project Manager of the South African Retail–Clothing Textile Footwear Leather Master Plan 2030 Master Plan Programme, Courtney Barnes, it was great to see local manufacturers showcasing their capabilities at the show.
She said what stood out from the master plan perspective was the variety of the local capabilities, although there is still a need to upscale and showcase more of the local capabilities with real capacity.
“If we want retailers to localise, we need to show them that we have the supplier capabilities and capacity. The show is the first step and I am excited to see its offerings next year and to bring more local manufacturers to the table and have more international buyers to come and appreciate what South African manufacturers can do,” Barnes said.
Sales Manager of Freudenberg Non-Wovens, a global manufacturer and innovative pioneer in the field of technical textiles, nonwovens and fibre, Heidi Smith, expressed her gratification with the outcomes of the show.
She said the participation was remarkable, as it provided a platform for engagements with retail partners and current partners. According to her, they have started sending emails for the expansion of the engagements.
“It was wonderful to engage with various partners and other designers coming to see what we do. It was more pleasing to engage with smaller designers and manufacturers who came to learn and understand how we are doing our business and what they can learn from us,” Smith said.
She said the panel discussions on the African Continental Free Trade Area (AfCFTA) focusing on boosting intra-African trade through regional value chains in the textile and clothing industry, the journey to sustainability focusing on green manufacturing, ethical sourcing, among others, were beneficial.
The Director of Leather and Footwear at the dtic, Dr Jaywant Irkhede, congratulated the event organiser, Messe Frankfurt SA, for a world class event.
“The dtic and Industrial Development Corporation officials attended to the needs of the international and local exhibitors, and visitors with the aim of developing investment leads. The event offered an opportunity for scaling up, to showcase and promote manufacturing capabilities of South Africa and Africa.
“Parallel events at the show brought together international community of manufacturers, designers, retailers, buyers, educational institutions, associations, investors, financiers and service providers to the textile, apparel, footwear and fashion industry,” Irkhede said. – SAnews.gov.za
Edwin
Fri, 09/13/2024 - 10:23
Gauteng launches campaign to ensure business compliance in townships
Gauteng MEC for Economic Development and Finance, Lebogang Maile, has launched the "Qondis’ Ishishini Lakho - Fix Your Business" campaign in Tembisa, Ekurhuleni.
This is part of government’s efforts to ensure business compliance in townships, informal settlements, hostels and CBDs.
A joint effort between the department, the Gauteng Provincial Treasury, the City of Ekurhuleni, SA Police Service, the Gauteng Liquor Board, the Gauteng Office of Consumer Affairs, Gauteng Gambling Board and relevant government agencies, "Qondis’ Ishishini Lakho - Fix Your Business" is primarily meant to assist business to comply with regulations that govern businesses in Gauteng, while simultaneously enforcing compliance with the same laws.
During MEC Maile’s monitoring and compliance blitz in Ivory Park, Winnie Mandela and Olifantsfontein townships, most of the businesses were closed in the neighbourhood’s high street.
This suggested that most of them were non-compliant and shut down to evade monitoring inspections.
However, for shopping centres in the neighbourhood, it was business as usual and that is where inspections focused.
Tembisa was chosen partly because between February and September 2024, 203 cases of foodborne illnesses were reported in Gauteng - Ekurhuleni accounted for 116 of those - including 10 deaths.
Four recent deaths were reported in Ekurhuleni and the victims were children between the ages of 03 and 13.
As part of ongoing community outreach and strengthening engagement with learners, government assigned environmental health officials to address food safety concerns in local schools and communities.
MEC Maile said government was committed to helping emerging businesses access funding and market opportunities and pledged to soon host a funding symposium with the banks to help compliant and qualifying businesses access funding.
He urged township businesses to consider other options, including cooperative banks and to pool resources together to fund expansion.
“The township economy is worth at least R100 billion but most of that money leaves the township. Businesses need the help of government to change that. We also need to solve the problem of the concentration of wealth in the hands of a few. Otherwise, the economy will not change,” he said.
MEC Maile undertook to attend the problem of the lack of ease of doing business, saying this was stifling the growth potential of many emerging businesses.
Also on site at the Rabasotho community hall were various government entities whose function is to register businesses and ensure their compliance. They availed their online services.
Ekurhuleni Member of the Mayoral Committee, Nomadlozi Nkosi, explained that they were providing on-the-spot assistance to small and medium enterprises in the Ivory Park, Olifantsfontein and Winnie Mandela communities.
The initiative was a significant step towards fostering a more competitive and sustainable business environment by holding the hand and assisting with the much-needed interventions.
SAPS District Commissioner of Ekurhuleni, Major General Anna Sithole, said they had run scores of raids in line with the Operation Shanela weekly campaign on businesses in Gauteng and had confiscated 3089 of contraband and counterfeit products.
Around Tembisa, 191 liquor outlets were inspected and 112 of those outlets were closed due to non-compliance.
This also resulted in the confiscation of over 105 872 15 millilitres of alcohol.
A total of 114 spaza shop-focused inspections resulted in the confiscation of 5 265 counterfeit cigarettes and a total of 880 illegal body creams.
Sithole said this would benefit communities and respond to their concerns about sub-standard goods being sold at some of the shops in the townships.
She called for this to happen weekly in order to have the desired impact in Gauteng.
“We welcome this brilliant initiative. It is an initiative that will complement the Commissioner’s whole government approach to law enforcement.
“We as law enforcement agencies pledge 100% commitment to work with multi-sectoral agencies to ensure that communities feel safe when they purchase foods. We take this opportunity of correcting wrong with right to ensure that business owners fix their businesses. Those who don’t will not trade with peace. We urge them to do what is right,” Sithole said. – SAnews.gov.za
Edwin
Fri, 09/13/2024 - 11:23
Lamola embarks on a working visit to the United States
The International Relations and Cooperation Minister, Ronald Lamola, has arrived in Washington DC, in the United States on Thursday for a weeklong working visit.
South Africa enjoys strategic relations with the United States and has strong political, economic, and social ties.
According to the department, bilateral cooperation with the United States covers various issues aligned with South Africa’s domestic priorities and the National Development Plan (NDP).
America is also the leading source of foreign direct investment, a market for value-added exports and agri-products, technology transfer, development assistance, investment finance, skills development, and tourism for South Africa.
These investments, according to the department, make a significant contribution to supporting government efforts to reduce poverty, unemployment and inequality.
During the visit, which will conclude on Thursday, 19 September 2024, the Minister will participate in meetings and attend various events.
These include the Congressional Black Caucus Foundation’s 53rd Annual Legislative Conference Roundtable where delegates will also discuss critical issues facing Africa and the diaspora solutions, and the United States policy toward Africa.
He is also expected to meet with the business stakeholders, including the United States Chamber of Commerce.
George Washington University will host Lamola for a panel discussion on United States-South Africa relations.
“There will also be an engagement with the Quincy Institute Responsible for State Craft and a meeting with members of the Senate Foreign Relations Committee.
“Minister Lamola believes that this working visit will deepen and strengthen the political and economic ties between the two countries,” the statement read. – SAnews.gov.za
Gabisile
Fri, 09/13/2024 - 10:14
Sector master plans critical to investment, boosting exports, creating jobs
By Edwin Tshivhidzo
Trade, Industry and Competition Minister Parks Tau has consistently emphasised the need to accelerate the implementation of the sector master plans as one of the key priorities of the seventh administration.
Since his appointment two months ago, the Minister has reiterated the critical role of the master plans in increasing investment, boosting exports, creating jobs, promoting localisation and facilitating transformation.
One of the interventions initiated by partnerships in the Retail–Clothing Textile Footwear Leather Master Plan, where more than 20 000 jobs have been created as a result of its roll-out, is the redesigned Clothing Textile Footwear Leather Growth Programme (CTFLGP), which was launched in 2022.
Import substitution, creation of new jobs, transformation and competitiveness improvement are the main objectives of the programme.
One of the beneficiaries of the programme that is being implemented by the Department of Trade, Industry and Competition (the dtic) through the Industrial Development Corporation, is R and L Apparel. It is a woman-owned company based in Newcastle, KwaZulu-Natal.
The company received financial support for the purchase of equipment and machinery, as well as for initial working capital, in order to grow their Cut, Make, Trim (CMT) manufacturing capacity.
Managing Director of R and L Apparel, Solis Benjie Dolores, said the support from government has enabled the company to increase its production, improve product quality, create jobs and extend its clientele, which now includes The Foschini Group, which they supply through Celtico, one of the CMT suppliers in the Newcastle clothing industry.
“The funding assisted us greatly in creating additional jobs. We had only 17 workers when we applied for the programme. As of August 2024, we were able to reach a staff complement of 103 employees, 98 of whom are women. As a matter of fact, we are looking forward to achieving the additional 150 jobs that we have committed to,” Dolores said.
“The CTFLGP is a great initiative. The programme opened new doors for our company's growth. Without the funding, we might have just stayed on 17 workers, because our machinery and working capital were very limited.
“Before we received the funding, we were running a hand-to-mouth operation that was kept going only by the dedication and endeavours of our team. Now the company is on a positive growth trajectory,” she said.
Dolores said the company is planning to acquire automated machinery to expand its production capacity based on the market demands, as local retailers are increasingly embracing Proudly South African products.
“We are happy to contribute in import substitution, growing the economy, and more importantly, creating jobs for the local people, both skilled and unskilled, assisting them to earn a decent living,” she said.
Managing Director of Argento, Joudalle Govender, also bears testimony to the positive impact of the CTFLGP on her company, which is based in Mandeni, KwaZulu-Natal.
The company manufactures apparel and corporate clothing for a major retailer and numerous corporate clients.
“We used the funding for operational expenses and to re-tool the factory with new machinery. The funding allowed us to create 45 new jobs. 100 people are currently employed in our company, 80 of whom are women.
"Our profit margins increased and we had a rapid growth in production due to the extra capacity,” Govender said.
She said the company is planning to expand its product lines, adopting sustainable practices, improving its manufacturing efficiency and exploring new markets.
“Our future plans include expanding our current building and creating 100 more jobs. We are also looking into exporting our local garments and creating more awareness on local manufacturing with South Africa,” Govender said.
She emphasises the importance of the Retail-Clothing, Textile, Footwear and Leather (R-CTFL) Masterplan in promoting sustainability and innovation within the industry, which she said is crucial in adapting to the changing market demands and consumer preferences.
“I love the fact that the plan focuses on several key objectives, such as job creation and increasing local production. Argento is a local champion because we produce our own local fabric in the rural area of Isithebe.
“My favourite part is that the plan enhances competitiveness in the global market, by fostering collaboration between government, labour, and industry stakeholders. That is important for our economy,” said Govender.
The stories of two companies that operate in the clothing and textile sector undoubtedly illustrate the critical importance of the master plans, and the positive impact of the collaboration between government, business and labour on the South African economy.
According to the Director of Clothing and Leather at the dtic, Dr Jaywant Irkhede, more than R1.87 billion had been approved for 154 businesses employing almost 24 000 people and R1.41 billion was disbursed by July this year. – SAnews.gov.za
Edwin
Thu, 09/12/2024 - 11:03
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Textile industry remains a priority for government
Due to their labour-absorbing character, the textile, clothing, footwear, leather and general goods sectors remain priority sectors for government.
These sectors have always been supported by the Department of Trade, Industry and Competition (the dtic), with an objective to sustain and grow employment, grow output, and enhance their competitiveness.
This is according to the Director of Leather and Footwear at the dtic, Dr Jaywant Irkhede, who was delivering a keynote address at the opening of the AllFashion Sourcing Exhibition held at the Cape Town International Convention Centre.
A group of manufacturers supported by the dtic are showcasing their proudly South African products at the exhibition.
READ | SA manufacturers to showcase products at the AllFashion Exhibition in Cape Town
The department’s support of the local manufacturers to show off their wares at the exhibition is part of a continuous support to the industry to boost sustainable job creation and to increase exports of locally manufactured products.
The show which kicked off on Tuesday, also offers the dtic an ideal opportunity to engage with a select audience of textile, clothing, footwear, leather and fashion orientated exhibitors and visitors.
Irkhede highlighted the manufacturing sector’s tenacity, resilience and the know-how that enabled the sector to withstand various internal and external economic shocks.
One of the measures that government introduced in order to mitigate the negative impact of the external shocks on the clothing and textile industry was the introduction of two trade remedies, namely the imposition of import quota on clothing imports from January 2006 to December 2008 and an increase in tariffs from 40% to the World Trade Organisation bound rate of 45% on a number of clothing product lines.
These remedies provided some relief.
“The dtic also developed Customised Sector Programmes for Clothing and Textile and Footwear and Leather sectors in consultation with the industry for stabilisation and development of the CTFL (clothing, textile, footwear and leather) sectors. A suite of measures that were introduced as part of the sector programmes contributed immensely in stabilising the sectors and improving their competitiveness,” Irkhede explained.
He said the department was currently in the process of implementing the Retail–Clothing Textile Footwear Leather Masterplan (R-CTFL Masterplan 2030).
“The R-CTFL Masterplan is aimed at encouraging structural changes in the value chain to grow the domestic market, increase purchases from domestic suppliers, access and grow export markets and enhance value chain competitiveness.
“Its vision is to develop a competitive, sustainable and dynamic R-CTFL value chain that provides its customers with compelling products and that is invested in growing employment and advancing inclusion and transformation,” he explained.
The masterplan is aimed to grow employment to 330 000 R-CTFL jobs through growing local retail sales to R250 billion, to expand local retail procurement of local CTFL products from 45% to 65%, equalling an increase from R32 billion to R 66 billion in ten years, and to improve competitiveness, technology, skills and transformation.
Irkhede added that to support the Economic Reconstruction and Recovery Plan, the dtic announced a Clothing, Textiles, Footwear and Leather Growth Programme in 2022.
R2.28 billion was allocated and 154 entities were supported and these employ almost 24 000 people.
“The programme is well-subscribed, indicating the demand for capital to achieve growth, import substitution, new jobs and transformation,” said Irkhede. – SAnews.gov.za
Edwin
Wed, 09/11/2024 - 09:53