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You are here: Home / Archives for Market

Market

29 August 2024

Tenders issued to appoint independent investigator into Telkom Towers

Location: News

Tenders issued to appoint independent investigator into Telkom Towers

Public Works and Infrastructure Minister Dean Macpherson says his department has issued tenders for the appointment of an independent investigator to, within 60 days following their appointment, provide a detailed report on what went wrong with the Telkom Towers building in Pretoria.

According to Macpherson, the report should detail who is to blame and what will be the best solution moving forward for the Telkom Towers to limit further wastage of taxpayer money.

Earlier this month, the Minister conducted an oversight inspection at the Telkom Towers.

The building was procured to serve as the South African Police headquarters in 2016 to the tune of nearly R700 million. Officials say to date, over R200 million has been spent on renovations and other services but the building remains empty due to lapses.

Addressing the media in Cape Town on Wednesday, Macpherson said in the coming weeks, a tender for a second independent investigation will be released to investigate leases which have been established by the Department of Public Works and Infrastructure to ensure that these leases were completed within the confines of the law and that the state is paying market-related prices for each.

“Shortly after my appointment, we initiated an investigation into an R300 million IT security breach that spans a decade. The investigation builds on the work Deputy Minister Sihle Zikalala started earlier this year when vulnerabilities were discovered in the department’s Information and Technology Systems,” the Minister said.

Macpherson said preliminary reports since the extent of the security breach was found suggest that the amount of money stolen over the period confirms the seriousness of the matter.

He has also authorised the department’s legal services to assist the Special Investigating Unit (SIU) with litigation at the Special Tribunal to recover up to R20 million against Kroucamp Plumbers.  

“This case involves tenders received by Kroucamp Plumbers in 2015 and 2018, where procurement processes were found to be unlawful and unconstitutional. 

“The SIU discovered that payments were made to officials in our department amounting to over R300 000, and these actions are indicative of corruption that we are determined to root out,” the Minister said.

Macpherson said his goal is to make the department play a central role in using public assets for the public good and to help turn South Africa into a construction site which will ignite economic growth and create jobs.

“Over the past eight weeks, I believe we have started to lay the foundation for the work to begin to see cranes in the sky all over South Africa,” Macpherson said.

Central to the department’s strategy for increased infrastructure investment is to see the expansion and the capacitation of Infrastructure South Africa (ISA). 

“We want to ensure that ISA functions as the single point of entry for all priority infrastructure projects, streamlining processes and reducing inefficiencies that have previously hampered project delivery,” Macpherson said.

This will not only improve efficiency but also ensure that the department prioritise projects with the greatest economic and social impact.

“And, this will increase investor confidence in public infrastructure projects, knowing that where Infrastructure South Africa is involved, construction projects are completed on time and within budget. 

“We are accelerating broader budget reforms by collaborating with the National Treasury to streamline the Public-Private Partnership (PPP) process and establish an Infrastructure Fund that reports directly to the National Treasury. 

“We are diversifying funding sources for infrastructure projects by focusing on PPPs, blended finance, and social infrastructure programmes. ISA will work closely with the National Treasury to direct investments toward projects with the highest GDP [gross domestic product] impact and job creation potential,” the Minister said.

The Minister said as the department pushes forward with reforms to ignite infrastructure investment, it was important that the department get its own house in order to ensure that it delivers on the core mandate.

“Accountability and transparency should be at the core of everything we do, while we work to eliminate corruption and abuse in all spheres of our organisation.” – SAnews.gov.za
 

Edwin
Thu, 08/29/2024 - 10:11

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28 August 2024

Trinasolar Reinforces Its Commitment to South Africa’s Renewable Energy Future with Landmark Event in Cape Town

Location: News
Trina Solar

Trinasolar (www.Trinasolar.com), a global leader in smart PV and energy storage solutions, further solidified its commitment to South Africa's renewable energy future with an insightful customer event in Cape Town on August 26th. This event not only emphasized Trinasolar's ongoing expansion in the region but also highlighted its transformative impact on the country's energy landscape. 

The event featured a keynote address by Kadri Nassiep, the City of Cape Town's Energy Executive Director, who provided an insightful overview of the city's energy strategies. Mr. Nassiep's address tackled the critical challenges of power outages and outlined innovative solutions that align with Trinasolar's mission to deliver reliable, sustainable energy to communities across South Africa. 

Zaheer Khan, Regional Director for South Africa at Trinasolar, spoke to the company's significant milestones in the region, reflecting on Trinasolar's growing leadership in the renewable energy sector. "Our journey in South Africa is one of partnership and progress. Trinasolar's advanced technologies and strategic collaborations are not only addressing the immediate energy needs but also laying the foundation for a sustainable energy ecosystem in the country," Khan stated. He further emphasized Trinasolar's role as a catalyst for positive change, driving both economic growth and environmental stewardship in South Africa. 

Peter Pan, Trinasolar's Storage Sales Manager, presented the company's cutting-edge energy storage solutions, which have been instrumental in ensuring energy resilience across different regions. His presentation highlighted Trinasolar's ability to offer full-process solutions that adapt to the diverse and dynamic needs of South African customers, further reinforcing the company's pivotal role in the country's energy transition. 

In a surprise highlight, legendary South African cricketer Dale Steyn shared his journey of overcoming challenges, drawing parallels between his career and the resilience required in the energy sector. Trinasolar also announced the establishment of the Trinasolar SA Padel Club, an initiative designed to strengthen business relationships with key partners in South Africa's renewable energy industry. The club will serve as a platform for collaboration and networking among industry leaders, fostering a community dedicated to the shared goal of sustainable energy advancement. 

The evening concluded with a gala dinner and a captivating performance, leaving guests with a renewed sense of purpose and a commitment to driving forward South Africa's renewable energy agenda, with Trinasolar at the helm. 

Since its founding in 1997, Trinasolar has emerged as a world-leading photovoltaics technology provider. With a robust presence in South Africa, the company continues to innovate and expand, playing a crucial role in the country's transition to a sustainable energy future. 

Distributed by APO Group on behalf of Trina Solar.

About Trinasolar (688599. SH) 
Founded in 1997, Trinasolar Co Ltd (stock symbol: Trinasolar; stock code: 688599) is engaged mainly in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy comprises mainly PV power generation and operatzions and maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. We are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future.  

On June 10, 2020, Trinasolar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange(SSE). It was the first PV and energy storage company to go public on the STAR Market providing PV products and systems, as well as smart energy. For more information, please visit www.Trinasolar.com. 

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28 August 2024

Critical Minerals Africa Summit to Showcase Battery, Electric Vehicle (EV) Manufacturing Prospects

Location: News
Energy Capital & Power

The Democratic Republic of the Congo (DRC) and Zambia – among the world's top mineral producers – are currently spearheading the implementation of a Transboundary Battery and Electric Vehicle (EV) Special Economic Zone (SEZ) (https://apo-opa.co/4g2yhK7). The development of SEZs dedicated exclusively to battery and EV production aims to unlock new foreign investment, as well as position both countries within the global automotive manufacturing space. 

The upcoming Critical Minerals Africa (CMA) Summit will feature a Automotive and Batteries Focus panel, examining measures to establish Africa as a global hub for battery precursors, batteries and EVs, as well as exploring opportunities for Africa's critical minerals to support clean energy development. To date, most African automotive manufacturing takes place in South Africa, yet massive mineral wealth in Zambia and the DRC indicates the potential of these markets to become industrial hubs. 

The Critical Minerals Africa 2024 summit on November 6 - 7 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week: Invest in African Energy 2024 conference (https://apo-opa.co/4fUGT5A) on November 4 - 8, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com. 

Increased cooperation among governments and international partners has been critical to positioning Africa's mineral producers as potential manufacturing partners. The DRC, which holds the world's largest cobalt reserves at 6 million metric tons out of the global 11 million metric tons, established the Congolese Battery Council in 2023 to facilitate investment across its mineral value chain. The country – also representing Africa's largest copper producer – signed an MOU with Zambia in March 2023 to fast-track the implementation of the Transboundary Battery and Electric Vehicle SEZ, seeking to add value to its raw cobalt and copper resources. 

Zambia – Africa's second-largest copper producer – formed a task committee in 2023 to expedite the implementation of the SEZ and identified land to host the zone. The country has strengthened partnerships with global mining firms, including Ivanhoe Mines, Galileo Resources, Tertiary Minerals, First Quantum, Vedanta Resources, Jubilee Metals and Xtract Resources, to achieve its goal of producing three million tons of copper annually by 2030. The Zambian and DRC governments are also partnering with the World Bank to launch local platforms between May 2024 and 2026, aimed at identifying and assessing investment prospects across their respective EV and critical minerals value chain. 

South Africa, which holds 80% of the world's platinum group metals (PGMs) reserves – crucial for EV and hydrogen vehicle production – currently leads Africa's EV market. Mining firm Isondo Precious Metals (https://apo-opa.co/3XlPHdy) plans to launch an advanced manufacturing facility for processing PGMs for EV applications in Johannesburg. Meanwhile, global automaker BMW, mining firm Anglo Platinum and energy company Sasol are piloting a fleet of hydrogen-fueled vehicles to advance smart mobility adoption in South Africa. CMA 2024 will host delegations from the DRC, Zambia, South Africa and other key industry stakeholders to discuss the latest developments shaping Africa's smart mobility and mining sectors. 

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

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28 August 2024

The Future of African Hospitality

Location: Business
API Events

Africa's tourism sector is poised for an exciting ascent, and it has the potential to soar if it is propelled by visionary strategies and robust investments that harness the continent's unparalleled tourist allure.

Amid the unprecedented changes of recent years, Africa's tourist appeal is greater than ever. With the right steps, it can offer more top destinations for today's tourists. The API Hospitality & Residences Forum is a pivotal platform for Africa's hospitality industry that is legendary for its dealmaking, networking, and unique insights. It takes place on 19 September 2024 at the Westin Hotel in Cape Town on the first day of the highly anticipated two-day API Summit.

This year's API Summit is themed “Impact”, and industry leaders speaking at the API Hospitality and Residences Forum highlight the key to unlocking the full potential of Africa's tourism sector to foster sustainable growth and enhance the continent's appeal to both travellers and investors includes focused investments, strategic partnerships and robust public sector involvement. The API Hospitality & Residence Forum sets the stage to catalyse and nurture these outcomes.

Bani Haddad, Founder and Managing Director of Aleph Hospitality, the largest independent hotel management company in the Middle East and Africa, will be among the distinguished speakers. "The pandemic had several profound effects on the tourism sector," Haddad reflects. "One of the most noticeable impacts has been the increased desire among travellers for domestic or regional trips, as well as nature-based or less crowded destinations. Africa is uniquely positioned to benefit from these trends.”

Citing the latest Chain Development Pipeline report by W Hospitality, Haddad notes a 20% growth in the number of hotel rooms in Africa since 2020, reaching a total of 92,134 rooms. “This growth indicates that the supply is expanding across the continent to meet the rising demand. We are also witnessing an increase in the quality and branded hotel supply in resort destinations such as Zanzibar and national parks like Serengeti and Mara. The global demand for nature and experiential experiences presents a significant opportunity for Africa, which has much to offer in this regard."

Haddad continues, "Investing in and fostering partnerships within the tourism sector is not just beneficial but essential for unlocking its full potential in Africa.”

Such efforts can lead to comprehensive economic development, job creation, and the promotion of sustainable and inclusive growth. He emphasises that governments, private sector players, and international organisations all have crucial roles in facilitating these investments and partnerships to ensure the tourism sector thrives and significantly contributes to the continent's development.

Echoing this sentiment, Daniel Trappler, Senior Director – Development Sub-Sahara Africa at Radisson Hotel Group (RHG), who will also speak at the event, outlines RHG's strategic plans in the post-COVID landscape. "RHG plans to capitalise on growth opportunities in key value nodes such as Cape Town, Victoria Falls, Zanzibar, and leisure offerings in the coastal and safari segments across Southern and Eastern Africa. Within these nodes lies the opportunity to increase RHG branded supply to meet the obvious growing demand.”

Trappler highlights RHG's eagerness to expand its footprint in Cape Town's 5-star and luxury segments, which have consistently performed above the market average despite higher rates. In Victoria Falls, RHG aims to replicate the success of its Zambezi River's Zambia side, planning to introduce the upscale Radisson brand to Victoria Falls, Zimbabwe.

"We are actively seeking partners to bring our Radisson, Radisson Blu, or Radisson Collection brands to Zanzibar, given RHG's significant presence in Eastern Europe, the largest source market for Zanzibar," Trappler adds.

Since opening its new Radisson Safari Hotel Hoedspruit, RHG has set its sights on replicating the same model within Southern and Eastern Africa, capturing both the foreign market and the regional market, which prefers short travel distances for tourism needs.

“The group is developing resort offerings in various safari and coastal locations, including Masai Mara, Serengeti, the Kenyan coast, Seychelles, Mauritius and the wildlife territories in Namibia and Botswana."

Trappler underscores the critical role of investment and public sector involvement. "The contribution of tourism to GDP is evident across the region. National and local governments need to increase their awareness of the sector's potential contribution to GDP. In South Africa, where RHG aims to double its portfolio, we need to see more active interest and contributions from the public sector towards developing hotels and hospitality infrastructure."

He stresses the need for public sector initiatives driving growth in this sector, particularly in South Africa, where the sector is strong but could be a much larger contributor to GDP and employment creation.

The API Hospitality & Residences Forum is a unique pan-African event that brings hospitality-focused leaders and investors together with Africa's leading real estate community. Sponsored by industry giants like Radisson Hotel Group, Marriott Hotels, HTI Consulting, JLL, and Tui Blu, the forum offers an unparalleled platform for doing business in African hospitality.

With over 500 leaders expected to attend the summit, including more than 250 hospitality delegates, in excess of 75 hotel brands, operators and owners, and 35 speakers, the API Hospitality & Residences Forum is the premier gathering of Africa's leading hospitality professions and consultants.

Distributed by APO Group on behalf of API Events.

For any media enquiries or interviews, kindly contact:
Anne Lovell
anne@dmix.com
083 651 7777

Distributed for API Events by Dmix:
API Events
Murray Anderson-Ogle
Email:Murray@apievents.com
Contact: +27 71 890 77 39
Website: www.APIEvents.com

Social Media:
Facebook: https://apo-opa.co/4dF2L3l
Instagram: @ APIsummit
LinkedIn: API Events

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27 August 2024

How to Successfully Sell Your Jewelry for Cash

Location: MyPR

Jewelry is not only a symbol of elegance and style but also a valuable asset. Whether you’re looking to declutter, make a major purchase, or simply need extra cash, selling your jewelry can be a practical solution. Understanding the best practices for selling jewelry can help you maximize your return and ensure a smooth transaction. …

Read moreHow to Successfully Sell Your Jewelry for Cash
27 August 2024

What Is a Managed Service Provider?

Location: MyPR

SevenC, a top managed service provider in South Africa, delves into the critical responsibilities and roles of MSPs in the region, highlighting their importance in optimising IT solutions for diverse businesses. Imagine a world where your business operations run smoothly, your IT systems are always up-to-date, and technical hiccups are a thing of the past. …

Read moreWhat Is a Managed Service Provider?
27 August 2024

Empowering Job Seekers and Entrepreneurs: Transformative Workshop Coming to Pretoria

Location: MyPR

Pretoria, South Africa – Aiming to equip job seekers and aspiring entrepreneurs with the skills they need to succeed in today’s competitive market, a highly anticipated workshop is set to take place on the 18th and 19th of October 2024 at 24 Skipper Avenue, Akasia, Pretoria North. Organized by Noble Wealth Creation Group, this event …

Read moreEmpowering Job Seekers and Entrepreneurs: Transformative Workshop Coming to Pretoria
27 August 2024

Beyond Borders: What Powers SA’s Next Wave of Export Success

Location: MyPR

In the post-pandemic world, South Africa’s business landscape is undergoing a transformative shift, particularly in the realm of international exports. Reshaped consumer behaviour opened new avenues for South African businesses to reach global markets, and many South African brands are embracing international shipping as a critical component of their growth strategy. Central to this success …

Read moreBeyond Borders: What Powers SA’s Next Wave of Export Success
27 August 2024

Addressing Debt Challenges in State-Owned Enterprises

Location: News

United Nations Economic Commission for Africa (ECA)
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In a concerted effort to tackle the growing challenges of State-Owned Enterprise (SOE) debt in Africa, the United Nations Economic Commission for Africa (ECA) hosted a high-level workshop in Pretoria from 21 to 23 August 2024. The event brought together finance policymakers, industry experts, and international organizations to share best practices and develop strategic solutions for effective SOE debt management across the continent.

The workshop brought together officials from the Ministries of Finance of Cameroon, Ethiopia, Ghana, Nigeria, South Africa, and Zambia, along with representatives from UNDP, the African Forum and Network on Debt and Development, and major state-owned entities. The focus was on enhancing governance frameworks, improving financial oversight, and exploring privatization options.

Participants discussed the critical role of SOEs in driving national development, acknowledging that while these entities have the potential to bolster economic growth and address market deficiencies, they also pose significant risks to government finances. The workshop highlighted that poorly managed SOEs can lead to severe financial burdens, potentially destabilizing national budgets and contributing to the deterioration of sovereign credit ratings.

“In many African countries, SOEs play a vital socio-economic role. This workshop comes at a critical time for Africa's development, with both SOE and government finances under pressure amid cascading crises and multiple shocks,” said Zuzana Schwidrowski, Director of the Macroeconomics, Finance, and Governance Division (MFGD) at ECA, in her opening remarks.

Ms Schwidrowski noted that “critical public services tend to deteriorate alongside SOEs' financial difficulties, leading to a downward spiral of weakened service delivery and growth.” That is why ECA organized this capacity-building workshop “to develop practical solutions and options for Africa,” she added.

The discussions also underscored the importance of corporate governance, risk management, and internal oversight as drivers of reform. Participants shared successful approaches to SOE debt management and identified key barriers, including challenges related to mandate delivery and the intricate links between sovereign and SOE credit ratings.

Lee Everts, Chief of the Macroeconomic Analysis Section in MFGD, emphasized the need for a multifaceted approach to address the rising SOE debt. “Financial restructuring, governance and operational improvements, and in some cases, privatization or asset sales, are essential steps to mitigate the risks posed by SOE debt,” she said.

The workshop, organized by ECA's Macroeconomics, Finance, and Governance Division in collaboration with its Sub-Regional Office for Southern Africa, is part of a broader series of capacity-building initiatives aimed at strengthening public debt management across Africa. ECA remains committed to supporting African nations in implementing innovative and robust solutions to the persistent challenges posed by SOE debt and related government liabilities.

Distributed by APO Group on behalf of United Nations Economic Commission for Africa (ECA).

Read moreAddressing Debt Challenges in State-Owned Enterprises
26 August 2024

Interventions to make housing affordable

Location: News

Interventions to make housing affordable

Human Settlements Minister, Mmamoloko Kubayi, says the department is forging ahead to implement several interventions to redress the unaffordability of houses for the missing middle.

Announcing government plans and developments in the human settlements sector at a media briefing held in Pretoria on Monday, Kubayi said the department has recognised that the gap market or missing middle continues to face challenges in accessing adequate affordable housing.

“These are the households earning between R3 501 and R22 000 per month, who neither qualify for mortgage finance nor fully subsidised houses,” Kubayi said.

WATCH | Minister Kubayi briefs media 

Kubayi said the interventions include First Home Finance, social housing and the Rapid Land Release Programme to encourage people to build for themselves.

Government will also develop a policy to encourage employers to provide housing to their employees and housing access for government employees through the Government Employees Housing Scheme. Government will also strengthen partnerships with stakeholders to collaboratively deliver housing solutions.

Progress 

The Minister highlighted that since April 2023, First Home Finance (FHF) has been providing grants for non-mortgage products, and the National Housing Finance Corporation (NHFC) has seen a significant increase in applications from individuals who want government assistance to buy their first properties through FHF.

“Since April 2024, the NHFC has approved about 1 151 of the non-mortgage subsidies at a value close to R160 million. The majority of these are from KwaZulu-Natal (283), Gauteng (160) and Limpopo (263),” Kubayi said.

Kubayi added that the NHFC action plan has identified potential partners who can partner with the corporation as subsidy origination and distribution channels to support the non-mortgage housing programme. This has also been warmly welcomed by traditional authorities, mainly in the Free State, Limpopo, and KwaZulu-Natal.
She said the department will soon launch its first rural First Home Finance housing project at Inanda, north of Durban, KwaZulu-Natal.

Partnerships

“Over the next five years, the NHFC will also intensify its working relationships with traditional leaders to increase the delivery of affordable housing in rural areas. Another category of partners in the action plan is of building merchants and employers keen on assisting their employees to access adequate housing.

“The recently unveiled strategic partnership between the NHFC with Cashbuild and Capitec for the Zakhelikhaya initiative is a great step towards strengthening partnerships with this category. Cashbuild formulated this programme so that its staff and clients could build their own homes using the First Home Finance grant and a purpose loan from Capitec,” Kubayi highlighted.

By partnering with NHFC, the minister said the programme has been widened to include the broader Cashbuild clientele that qualifies for the subsidy.

She explained that the NHFC and Cashbuild will collaborate in assisting Zakhelikhaya customers to apply for and access First Home Finance subsidies.

“Capitec has partnered with Cashbuild to provide purpose loans to the Zakhelikhaya Project, meaning that the grant will get to its intended beneficiaries a lot quicker than has been the case with just the mortgage products.
“The partnership will also facilitate payment of subsidies to assist Zakhelikhaya clients to buy material and be assisted to build their homes.”

Transfer of old government property

The Minister and Members of the Executive Council (MINMEC) responsible for Human Settlements took a decision earlier this year, to have the old government housing stock to be given back to municipalities or to the people who have been staying there for a long time, by 31 March 2025.

Kubayi said people who have been occupying these houses for more than 20 years will be given the preference to take ownership.

She said all provinces have commenced their work to ensure that they meet the deadline of 31 March 2025.

“All provinces have met municipalities to agree on the transfer of properties to beneficiaries and devolution of vacant land to municipalities. Provinces will continue to engage individual beneficiaries to conclude transfer processes, and we will be monitoring the progress,” Kubayi said.

Once completed,  the transfer will economically empower beneficiaries who mostly fall within the gap market. – SAnews.gov.za
 

GabiK
Mon, 08/26/2024 - 15:02

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Read moreInterventions to make housing affordable
26 August 2024

SA-China State Visit to focus on strengthening economic relations

Location: News

SA-China State Visit to focus on strengthening economic relations

With China being South Africa’s largest trading partner, the upcoming State Visit to the People’s Republic of China by President Cyril Ramaphosa is expected to fortify the economic relationship between the two countries.

In 2023, South Africa’s bilateral trade reached $34 billion, with exports totalling $12 billion and imports at $22 billion. 

“China’s substantial contribution to our investment drive has made it the largest source of foreign direct investment for South Africa. We anticipate concluding several important agreements during this State Visit, including a Framework Agreement on Development Cooperation, addressing the trade balance, and expanding market access,” spokesperson for the Minister of International Relations and Cooperation, Chrispin Phiri, said on Monday in Pretoria.

WATCH | 

Phiri said these agreements will strengthen South Africa’s Comprehensive Strategic Partnership with China and elevate regional and multilateral cooperation to support global peace and security.

The President will travel of China from 2 - 5 September 2024 to further strengthen diplomatic and trade relations between the two countries.

“This visit is a testament to the robust relations between our two nations, built on mutual respect and benefit. It follows President Xi Jinping’s fourth State Visit to South Africa, further strengthening our ties.

“The primary focus of this visit will be to fortify our economic relationship. South Africa’s largest trading partner, China, has played a pivotal role in our economy. 

“Our relations with China are central to realising our developmental agenda and efforts to implement the National Development Plan. This visit provides an opportunity to review progress on existing trade and cooperation, and to expedite and finalise new areas of collaboration,” he said.

While in China, the President will lead the South African delegation to the Forum on China-Africa Cooperation (FOCAC) Summit in Beijing from 4 to 5 September 2024.

The Summit, themed, 'Joining Hands to Advance Modernisation and Build a High-Level China-Africa Community with a Shared Future', will further South Africa’s cooperation under the Belt-and-Road Initiative, the Global Development Initiative, the Global Security Initiative, and the Global Civilisation Initiative (“Three Initiatives”).

SA-Japan developments

Meanwhile, Minister of International Relations and Cooperation Ronald Lamola successfully concluded his working visit to Japan, which coincided with the Tokyo International Conference on African Development (TICAD) Ministerial Meeting on 24-25 August 2024 in Tokyo.

Launched in 1993, TICAD is the first international developmental partnership with Africa. It advocates for Africa’s development agenda and strengthens economic cooperation between Africa and Japan.

The Minister led South Africa’s delegation at the Ministerial Meeting, held under the theme, ‘Realising a Sustainable Future'.

The Government of Japan convened this significant gathering in collaboration with the United Nations Development Programme (UNDP), the Office of the Special Adviser on Africa (UNOSAA), the World Bank, and the African Union (AU) Commission.

“The Minister’s visit to Japan coincided with Toyota’s announcement of a strategic investment of R 1.2 billion in the South African automotive industry and our first consignment of avocados to Japan. This marks a significant moment for our agricultural sector in the East Asia market.  

“These important economic developments will go a long way to drive faster industrialisation, job creation, and transformation implementation. The Minister reiterated that South Africa enjoys a significant relationship with Japan, underpinned by a fair economic partnership that contributes significantly to our nation’s economic development and people-to-people relations,” Phiri said. - SAnews.gov.za

nosihle
Mon, 08/26/2024 - 15:07

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26 August 2024

A Celebration of Waterblommetjies

Location: Entertainment, MyPR

The annual Waterblommetjie Festival returns on Saturday 7 September. Windmeul Kelder and Rhebokskloof Estate outside Paarl will host a fun-filled day of festivities suitable for the whole family. The waterblommetjie (also known as Cape Pond Weed, Water Hawthorne, Vleikos, Aponogeton distachyos (Aponogetonaceae) is an indigenous delicacy that is only found in the Boland area of …

Read moreA Celebration of Waterblommetjies
26 August 2024

Government activities for the week 26 – 30 August 2024

Location: News

Government activities for the week 26 - 30 August 2024

On Monday, 26 August, Minister of Human Settlements Mmamoloko Kubayi briefs media on plans to assist the struggling gap market to access affordable housing at Ronnie Mamoepa Media Centre.

Also on Monday, the Minister of Science, Technology and Innovation Professor Blade Nzimande will open the 7th BIO Africa Convention.

On Tuesday, 27 August, Eastern Cape Rural Development and Agrarian Reform MEC Nonceba Kontsiwe will hold a media briefing to provide details of the damage caused by the recent veld fires in the province.

On Wednesday, 28 August, there are no confirmed events. 

Thursday, 29 August, is the start of National Arbor Week.

On Friday, 30 August, there are no confirmed events.
 

Janine
Mon, 08/26/2024 - 11:40

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Read moreGovernment activities for the week 26 – 30 August 2024
26 August 2024

Municipalities must be at “driving seat” of clean energy

Location: News

Municipalities must be at "driving seat" of clean energy

Municipalities are at the centre of government’s efforts to move towards clean energy and fulfil the country’s commitment to global climate change.

This is according to President Cyril Ramaphosa, who was addressing the opening ceremony of the Municipal Just Energy Transition (JET) Conference held in Johannesburg on Monday.

The President highlighted that South Africa’s 257 metropolitan, district and local municipalities “own and operate approximately half of South Africa’s electricity distribution grid and facilitate universal access to electricity”.

“One hundred and sixty five municipalities are electricity service providers. Through the Integrated National Electrification Programme grant, municipalities are responsible for addressing the electrification backlog. 

“Municipalities therefore need to be in the driving seat when it comes to providing clean, affordable energy to communities, businesses and industry,” the President highlighted.

WATCH | 

 

In this regard, South Africa’s Cabinet approved the JET Investment Plan, which has a dedicated municipal portfolio roadmap with three areas of focus.

These are:

  • Providing access to affordable clean electricity;
  • Sustainable financing for electricity infrastructure, and
  • Strengthening the capacity of municipalities to manage the transition.

On the first area of focus, the President said the recent promulgation of the Electricity Regulation Amendment “paves the way for a new, competitive electricity market.

“The reforms contained in the law must help to speed up decarbonisation. But more than that, they must result in a better deal for households and businesses. 

“The national climate change effort must not come at a higher cost for electricity users. South African households, like many around the world, are battling with the rising cost of living, including the cost of energy. 

“We must therefore ensure that the energy transition does not contribute to energy poverty. It must not deepen inequality,” President Ramaphosa insisted.

In terms of sustainable financing for electricity infrastructure, he said municipal grid system needs to be upgraded, modernised and extended.

“The energy generation of the future requires systems that are fundamentally different in terms of design, capability and operation.

“Smart metering will have to accommodate the increased penetration of renewable energy at different scales. It will need to facilitate wheeling and feed-in by small-scale embedded generation. 

“Massive investment is needed to ensure optimal grid control, safety and energy storage. This investment will need to draw on both public and private sources of capital,” he said.

Turning to how the capacity of municipalities can be strengthened, President Ramaphosa said extensive training and upskilling of officials will be the order of the day.

“New systems will be required to identify human resource, technical capacity and other needs within municipalities, and plan and budget accordingly. 

“Municipalities will need to adopt best practice when it comes to the design and implementation of programmes and projects,” he said.

The President told conference delegates that the country’s drive towards a lower carbon intensive economy does not only reside with government.

“A just energy transition is about promoting economic diversification, transformation and industrialisation in the renewable energy sector that empowers workers, marginalised communities and black businesses.

“The achievement of defined just energy transition outcomes at a municipal level requires supportive policies and leadership, good governance and a coordinated effort among all relevant institutions.

“As government, business, labour and civil society, let us deepen our collaboration to achieve an energy future that is secure and sustainable for all,” President Ramaphosa said. 

READ | SA committed to meeting climate change undertakings

– SAnews.gov.za

NeoB
Mon, 08/26/2024 - 11:13

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Read moreMunicipalities must be at “driving seat” of clean energy
26 August 2024

The Beaulah Queens Return to Our Stage in the Bay

Location: Entertainment, MyPR

Get ready for an electrifying return of the Kat Gilardi and Manila von Teez Drag Show at Bay Harbour Market on 20 August 2024! Fresh off their appearance on the Showmax series Beaulah: Queens van die Kaap. Kat and Manila’s preparation for this show is nothing short of meticulous. Every element, from the song choices …

Read moreThe Beaulah Queens Return to Our Stage in the Bay
25 August 2024

Rosebank Mall’s Spring Street Feast: A Day of Food, Fun, Fashion Thrifting & Festivities on Bath Avenue!

Location: Entertainment, MyPR

Get ready to groove to the rhythm of spring and indulge in a culinary and shopping adventure like no other at Rosebank Mall’s Spring Street Feast on Saturday, 7 September 2024. From 10h00 to 19h00, the vibrant space adjoining the mall on Bath Avenue will come alive with the sights, sounds, and flavours of this …

Read moreRosebank Mall’s Spring Street Feast: A Day of Food, Fun, Fashion Thrifting & Festivities on Bath Avenue!
25 August 2024

Minister Ronald Lamola Hails Economic Diplomacy Milestones in the South Africa-Japan Relations

Location: News

Republic of South Africa: Department of International Relations and Cooperation
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International Relations and Cooperation Minister, Ronald Lamola, is in Japan to attend the Tokyo International Conference on African Development (TICAD) Ministerial Meeting. Ahead of the opening ceremony of the TICAD Ministerial meeting, Minister Lamola had a business roundtable discussion with the Japan External Trade Organisation (JETRO) to further strengthen economic cooperation. Among other matters, the meeting noted two critical economic developments. Following successful diplomatic negotiations, an agreement between the two countries was signed earlier this year, establishing a protocol for the export of South African avocados to Japan. The first consignment arrived in Japan this week, coinciding with Minister Lamola's visit.

This significant milestone marks the beginning of a new market opening for South African avocados in the East. The agreed protocol requires a cold treatment of 2°C for 19 days. South African research has shown that Hass avocados can withstand this treatment, with successful shipments to the UK under the same regime.

South Africa's economic diplomacy efforts continue to yield results in 2024, as evidenced by breakthroughs for our avocado industry, with the opening of new big markets in Japan, China, and India.

Speaking to Toyota Executives attending the JETRO interaction, Minister Lamola acknowledged Toyota's announcement this week of a strategic investment of R 1.2 billion in the South African automotive industry, which is expected to drive faster implementation of industrialisation, job creation, and transformation.

Minister Lamola also had the opportunity to meet with his counterpart, the Minister of Foreign Affairs of Japan, Ms. Yōko Kamikawa. Minister Lamola reiterated that South Africa enjoys a significant relationship with Japan, underpinned by a fair economic partnership that contributes significantly to our nation's economic development and people-to-people relations.

Distributed by APO Group on behalf of Republic of South Africa: Department of International Relations and Cooperation.

Read moreMinister Ronald Lamola Hails Economic Diplomacy Milestones in the South Africa-Japan Relations
23 August 2024

Eskom launches pilot electric vehicle charging infrastructure in Midrand

Location: News

Eskom launches pilot electric vehicle charging infrastructure in Midrand

Eskom has officially launched its electric vehicle (EV) charging infrastructure at the Eskom Academy of Learning (EAL) in Midrand, Gauteng. 

“This milestone marks a significant step in Eskom Distribution’s commitment to supporting the growth of the eMobility sector in South Africa and contributing to the country’s broader goals of reducing carbon emissions,” the state-owned power utility said. 

According to Eskom, the pilot project includes the procurement of 20 EVs ranging from light delivery vehicles to light trucks for operational use. 

The pilot project also involves the installation of 10 charging stations at five Eskom sites across the country. 

The other sites are Brackenfell in Cape Town, Mkondeni in Pietermaritzburg, Tlhabane Customer Network Centre (CNC) in Rustenburg and Marathon CNC in Mbombela. 

These sites will serve as the foundation for Eskom Distribution’s long-term strategy to electrify its entire fleet by 2040.

“We continue to focus on our long-term strategy to deliver a competitive, sustainable, and future-proof Eskom to ensure energy security, growth, and long-term sustainability for the benefit of South Africa and sub-Saharan Africa,” said General Manager in the Office of the Eskom Group Executive for Distribution, Gabriel Kgabo. 

By investing in eMobility and the charging infrastructure needed for EVs, Kgabo said Eskom was not only reducing its carbon footprint but also stimulating the local economy and creating new growth opportunities. 
Kgabo highlighted Eskom’s support of the government to align South Africa with the global EV ecosystem market. 

Key initiatives include the EV White Paper released by the Department of Trade Industry and Competition in December 2023 and the incentives announced by the National Treasury to encourage the local production of EVs from 2026.

Pilot Project Overview

The recently installed charging stations, in collaboration with Gridcars, feature state-of-the-art direct current fast chargers (60kW) and dual alternating current (AC) chargers (22kW). They are optimised for overnight charging of fleet vehicles and daytime workplace charging for employees and visitors.

The power utility believes this initiative will serve as a blueprint for the future rollout of EVs across Eskom’s entire fleet. 

“It is one of the levers that will steer the organisation towards net zero carbon emissions by 2050 and will also contribute to stimulating the local EV market.

“The successful launch of this infrastructure is a result of the dedicated efforts of the project team within Eskom. Their work is laying the groundwork for a future where electric vehicles play a central role in South Africa’s transportation landscape.” – SAnews.gov.za 

Gabisile
Fri, 08/23/2024 - 10:00

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Read moreEskom launches pilot electric vehicle charging infrastructure in Midrand
23 August 2024

Youth is a strategic resource essential for moving the country forward

Location: News

Youth is a strategic resource essential for moving the country forward

The youth is a strategic resource and an intellectual reservoir of ideas essential for moving the country forward, says the Women, Youth and Persons with Disabilities Minister, Sindisiwe Chikunga.

“Our youthful population represents a blessing with limitless potential—a strategic asset for the current and future well-being of this country and continent,” Chikunga said.

Delivering a keynote address at the South African Youth Economic Council (SAYEC) 3rd annual job imbizo, held at Melrose Arch on Thursday evening, Chikunga argued that while the current socio-economic conditions pose a direct threat to national stability and undermine future prospects, it is not the youth who are a threat to national security.

According to Chikunga, the conditions under which the youth continue to exist, create opportunities for both known and unknown threats to emerge and become institutionalised.

“Without a more purposeful, quantifiable, and deliberate investment in their potential and capabilities, South Africa will not be in a position to reap the benefits of its demographic dividend.

“No country on earth has been able to industrialise or re-industrialise while neglecting the role of youth in the economy. A trained, capable, and industrious youth is the crucial ingredient currently missing in South Africa’s industrialisation puzzle,” Chikunga said.

She emphasised that placing the youth at the centre of re-industrialisation must be accompanied by fundamental changes in the structure, systems and institutions.

This must also be accompanied by fundamental changes in patterns of ownership, management, and control of the wealth producing resources in favour of all South Africans, particularly the marginalised, vulnerable and poor, who are primarily Africans and women.

She said youth participation in the economy should not be reduced to hopping from one internship to another.

To prepare the youth for meaningful participation in South Africa’s era of industrialisation, the Minister stressed the need for a reimagined industrial strategy that is both fit for purpose and responsive to rapidly changing global economic patterns.

“These patterns range from automation and the rise of artificial intelligence in manufacturing to the ongoing geopolitical realignment. Such a strategy should be anchored on robust economic and market intelligence in order to enhance the quality of decision-making in support of our goals of productivity, industrialisation, commercialisation, and beneficiation,” Chikunga said.

Chikunga added that addressing youth unemployment requires targeted, sustainable interventions with clearly articulated exit opportunities.

"High levels of youth unemployment require special programs. The National Youth Service Programme must better educate, develop, train, and empower youth, and enable them to participate in the reconstruction of society,” Chikunga said. – SAnews.gov.za

GabiK
Fri, 08/23/2024 - 11:40

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Read moreYouth is a strategic resource essential for moving the country forward
23 August 2024

The Crucial Role of Innovation in Hospitality

Location: MyPR

Innovation is the cornerstone of success in the restaurant industry, where staying ahead of trends and continually improving offerings is vital. Visionary Chef Dario de Angeli, renowned for his innovative culinary approach, shares insights drawn from years of experience in conceptualising and managing successful dining establishments, and now a boutique hotel. He explores the importance …

Read moreThe Crucial Role of Innovation in Hospitality
23 August 2024

Canadians Challenge New Naspers CEO Over Work Conditions

Location: News

Fabricio Bloisi assured shareholders that protection for workers was important to him and the group

Read moreCanadians Challenge New Naspers CEO Over Work Conditions
23 August 2024

Gauteng government offers opportunities for art sector

Location: News

Gauteng government offers opportunities for art sector

The deadline is fast approaching for Gauteng-based fashion designers, live music artists and bands to apply for market access opportunities being availed by the Gauteng Department of Sport, Arts, Culture and Recreation.

Fashion designers have until this Sunday, 25 August, to apply for a chance to be part of three Gauteng fashion designers to participate and showcase their work in the Fashion and Textile Trade Fair, taking place in Cape Town from 07-13 September 2024.

Applicants are required to submit a company profile, company registration documents, ID copy, clear images of merchandise and a list of international fashion shows participated in.

Documents should be submitted to Dikeledi.chakane@gauteng.gov.za.

Meanwhile, an opportunity has been availed for unrecorded Live Music Artists and Bands to showcase their talent at popular tourist venues and elsewhere in Gauteng, including recording their own EP and receiving professional coaching.

Preference will be given to artists based in Townships, Informal Settlements and Hostel (TISH) areas.  

The applicants have until Wednesday, 28 August 2024 to submit their applications to Basetsana.mabele@gauteng.gov.za. Applications should be submitted using the Google form provided at https://forms.gle/3HrVxA2HP8Ev99QP8

Only Gauteng-based fashion Designers and Live Music Bands should apply for the two opportunities. Further communication will be done with shortlisted candidates. -SAnews.gov.za
 

nosihle
Fri, 08/23/2024 - 09:20

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Read moreGauteng government offers opportunities for art sector
22 August 2024

Cabinet welcomes outcomes of the 44th Ordinary SADC Summit

Location: News

Cabinet welcomes outcomes of the 44th Ordinary SADC Summit

Cabinet has welcomed the outcomes of the 44th Ordinary SADC Summit of Heads of State and Government held in Harare, Zimbabwe, on 17 August 2024.

The Summit had amongst others, urged Member States to implement the SADC Regional Humanitarian Appeal to the El Niño-induced drought and floods, and to continue monitoring weather and climate risks, including the forecasted La Niña event, and develop contingency measures to mitigate the impact of disasters.

The Summit also took note of the coming into effect of the Agreement establishing the Tripartite Free Trade Area among the COMESA, the East African Community and SADC which will provide opportunities for SADC members to tap into an expanded market of 26 countries with a population of about 700 million and a gross domestic product of US$1 trillion.

“On the Israel war against Palestinian, the Summit noted with concern the continuing relentless attack on civilians in Palestine which has resulted in the loss of lives, destruction of property and deteriorating humanitarian conditions and called for an immediate ceasefire, the release of all hostages and the commencement of talks to bring a lasting solution to the conflict,” Cabinet said.

Southern African Railways Association (SARA) Conference

Cabinet has also welcomed the deliberations during the 13th SARA Conference to uplift the rail sector within the  Southern African Development Community (SADC) with an aim of facilitating greater trade within the region and take advantage of trade opportunities presented by the African Continental Free Trade Area.

Cabinet said a thriving SADC rail industry requires greater rail investment and collaboration within the SADC region to address its many challenges.

“The region’s rail industry has over the years been faced with challenges such as crime, theft and vandalism.

“South Africa is committed to doing its part to create an efficient, connected and modern rail sector, and is implementing policy and interventions, such as the Freight Logistics Roadmap, to revive, support and modernise the capacity and competence of our railways,” Cabinet said. – SAnews.gov.za

DikelediM
Thu, 08/22/2024 - 13:47

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Read moreCabinet welcomes outcomes of the 44th Ordinary SADC Summit
22 August 2024

Seize the moment: Opportunities in Gauteng’s Residential Property Market

Location: MyPR

Gauteng’s property market presents a mix of opportunities with varying trends across its regions. Despite modest inflation figures, the demand for property remains strong, especially among first-time buyers and those seeking investment opportunities. Lara-Rachel Spronk, Franchise Sales Manager at Just Property Head Office, looks at the current market and the opportunities available. Overall, Gauteng’s annual …

Read moreSeize the moment: Opportunities in Gauteng’s Residential Property Market
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