MyZA

News, Directory, Events and Other Stuff

You are here: Home / Archives for new

new

China to assist SA in alleviating poverty 

Location: News

China to assist SA in alleviating poverty 

By Nosihle Shelembe

Beijing, China -  As part of ongoing efforts to improve the lives of South Africans, China has committed to assist the country in tackling poverty. 

This commitment was revealed in a joint statement by President Cyril Ramaphosa and Chinese President Xi Jinping on the occasion of President Ramaphosa’s State Visit to the People’s Republic of China.

“China is committed to sharing with South Africa its experience in poverty alleviation and rural revitalisation; in building poverty alleviation model villages and offering support for South Africa's coordinated urban and rural development,” the statement said on Monday. 

During the State Visit, the two countries recommitted to working together towards building a high-quality China-South Africa community, with a shared future. 

“To carry forward the friendship, consolidate mutual trust, expand cooperation and enhance coordination, the two Heads of State agreed to elevate the bilateral relationship to an All-round Strategic Cooperative Partnership in a New Era, underpinned by strong political ties and focused on a prosperous future with balanced trade, and accelerated transformative economic growth,” the statement said. 

Improving lives

China expressed its firm support of national unity and the path of economic and social development that South Africa has chosen. It also said it respects efforts by the South African government to safeguard its national interests to improve the lives of all South Africans. 

“The two sides agreed to work on strengthening cooperation and synergy between the Belt and Road Initiative and the Economic Reconstruction and Recovery Plan and to continue implementing the 10 Years Strategic Programme of Cooperation between the People’s Republic of China and the Republic of South Africa (2020-2029), as a blueprint towards more substantive outcomes on priority political and socio-economic issues between the two sides. 

“The two sides agreed to fully leverage the role of mechanisms such as the China-South Africa Joint Working Group (JWG) and the Joint Economic and Trade Committee (JETC) to further expand economic and trade ties by improving the current trade structure, increasing market access and the export of value-added goods from South Africa,” the statement said. 

Trade and investment

China is South Africa's largest trading partner globally, while South Africa is China’s number one trading partner in Africa. Total bilateral trade grew from R614 billion in 2022 to R692 billion in 2023. 

“The two sides encouraged the respective business communities to enhance new two-way investments and increase their manufacturing bases within the proximity of the relevant source of raw materials to enable the transfer of skills technology and job creation. 

“The two sides committed to providing a stable, fair and enabling business environment for companies from both sides and to ensure the safety and legitimate rights and interests of the relevant personnel, projects and institutions. 

“The two sides encouraged mutual visits by economic and trade delegations, including co-hosting the New Energy Investment Conferences with South Africa and holding the Jobs Fair of Chinese-invested Enterprises in South Africa to boost local employment and improve people’s lives,” the statement said.

READ | President calls for narrowing of SA, China trade deficit

Deepening cooperation 

The two sides agreed that promoting modernisation is the joint goal in building a high-level South Africa-China community, with a shared future. 

“The two sides will deepen cooperation in traditional fields such as agriculture, health, medical sciences and infrastructure development. However, they will further seize opportunities presented by the new scientific and technological revolution and industrial transformation, focusing on key areas such as the digital economy, new energies and artificial intelligence, boost cooperation on quality productive forces, and further expand mutually beneficial cooperation in renewable energy, energy storage and power transmission and distribution,” the statement said. 

The two sides further agreed to continue to strengthen exchanges and cooperation in the areas of culture, women, health, youth, education, sport, media, tourism and other people-to-people cooperation fields. 

As part of the State Visit, the two Presidents jointly witnessed the signing of several bilateral cooperation instruments in the following areas: 

   • Cooperation of the Application of BeiDou Navigation Satellite System;
   • Sustainable Housing and Human Settlements Development; 
   • Deepening Bilateral Trade Cooperation; 
   • Cultural Heritage; 
   • Cooperation in Prevention and Control of Foot-and-Mouth Disease; 
   • Inspection, Quarantine and Sanitary Requirements for Dairy Products Exported from the Republic of South Africa to the People’s Republic of China; and the Protocol on Greasy Wool. -SAnews.gov.za
 

nosihle
Mon, 09/02/2024 - 14:41

188 views
Read moreChina to assist SA in alleviating poverty 

Eskom lights the way to women empowerment 

Location: News

Eskom lights the way to women empowerment 

Following the conclusion of Women’s Month, President Cyril Ramaphosa has praised the leadership of Eskom and other state-owned entities for their efforts in promoting gender equality in the workplace.

In his weekly newsletter to the nation, the President called on other companies, both public and private, to put in place deliberate programmes to eradicate workplace discrimination and make workplaces more conducive to women’s participation and development.

“Companies need to empower women in decision-making and technical roles. This is to ensure that every workplace and every occupation reflects the demographics of our country.

“We must commend the leadership of Eskom and of other state-owned entities, as well as many other businesses, for all they are doing to advance gender equality in the workplace.

“By continuing and intensifying this work, we can make sure that we have more and more to celebrate during Women’s Month in the years to come,” the President said in his newsletter on Monday.

During Women's Month, President Ramaphosa said the nation has celebrated the remarkable achievements of South African women in various aspects of life, acknowledging the significant progress made in advancing women's positions in society.

However, the President said government also recognises the persistent challenges and the crucial work ahead to achieve a truly non-sexist and equal society.

Keeping the lights on

Concurrently, the country has surpassed 150 days without load shedding. The President said this is a testament to the dedicated efforts of Eskom's leadership and staff in improving the performance of its power stations.

While there is much attention on what Eskom is doing to stabilise the electricity system, President Ramaphosa said another significant change has been quietly underway at the company over the course of the last few years.

He noted that women are taking a more prominent role in the work of Eskom and are playing a pivotal role in keeping the country’s lights on.

Transformation

“Two years ago I met with Eskom’s power station managers and I was pleased to see that a number of them were women. I found this to be a complete departure from the past where power station managers were always white men. This represented tremendous transformation on a demographic as well as gender basis.

“The inspiring story of Maserati Lesolang, the general manager of the Matla power station in Mpumalanga, is a demonstration of Eskom’s successes in growing a new generation of female leaders. Under Lesolang’s able leadership, Matla power station has implemented a turnaround plan resulting in it now being among Eskom’s better performing power stations,” he said.

The President further noted that at a number of state-owned enterprises, women are excelling not only in management and leadership positions, but also in technical roles and occupations that were previously the preserve of men.

Women Advancement Programme

He highlighted that within Eskom itself, women are working as power station managers, engineers, artisans, operators and technicians.

“This is the result of a deliberate and sustained initiative to increase female representation in the form of Eskom’s Women Advancement Programme. The programme was launched ten years ago to redress the under-representation of women in leadership and technical roles at Eskom,” the President said. 

The programme’s focus has been on creating a pipeline of female leaders. It has also focused on transforming workplace culture to make it more gender-friendly, on skilling and training more women to occupy specialist roles, to conduct outreach in communities where Eskom operates, and to address issues of equal work for equal pay. 

Among the achievements of the programme since its inception has been that just over 33% of Eskom’s workforce is now female, 20% of Eskom executives are women, and women occupy approximately 43% of senior management roles.

The President said this is important progress, but there is still same way to go to achieve gender parity.

“Eskom has succeeded in narrowing the gender pay gap from 41% to below 6%. The company’s procurement spend on black-women owned businesses has increased from R6 billion in 2013 to over R16 billion by 2022. 

“The national power utility continues to invest heavily in skilling and training for women, with just over half of further study opportunities at Eskom taken up by women,” he said.

Another key focus area of the programme is conducting outreach at schools and in communities to encourage female learners to consider future careers at Eskom.

Earlier this year Eskom also launched a Young Professionals Development Programme, a graduate trainee programme that places participants in positions across the span of its operations. Eskom has made a concerted effort to encourage female graduates to apply.

South Africa commemorates Women’s Month annually in August.

This year’s commemoration of Women’s Day on 9 August, marked 68 years to the day since 20 000 women of diverse backgrounds from across South Africa marched on the Union Buildings to protest against the extension of pass laws to women.  – SAnews.gov.za

DikelediM
Mon, 09/02/2024 - 13:45

154 views
Read moreEskom lights the way to women empowerment 

President calls for narrowing of SA, China trade deficit

Location: News

President calls for narrowing of SA, China trade deficit

By Nosihle Shelembe

Beijing, China -  While China is South Africa's largest trading partner globally, President Cyril Ramaphosa has called for the narrowing of the trade deficit that exists between both countries. 

Delivering opening remarks during the official talks with Chinese President Xi Jinping on Monday in Beijing, President Ramaphosa emphasised the importance of addressing the structure of South Africa’s trade. 

“We have witnessed an increase in our bilateral trade. However, as South Africa, we would like to narrow the trade deficit and address the structure of our trade,” the President said.

China is South Africa's largest trading partner globally, while South Africa is China’s number one trading partner in Africa. Total bilateral trade grew from R614 billion in 2022 to R692 billion in 2023.

“As we enter a new phase of our partnership, we should continue to consult closely in pursuit of a just, equitable and prosperous world. 

“I believe that our elevated levels of mutual trust will accommodate each other's interests, views and concerns – and deepen our cooperation as we build a shared future,” the President said. 

President Ramaphosa is on a State Visit to the People’s Republic of China where he will also participate at the Forum on China – Africa Cooperation Summit (FOCAC). 

South Africa and China’s bilateral relations are maintained at the level of a Comprehensive Strategic Partnership (CSP), underpinned by a Ten-Year Strategic Programme of Cooperation (2020 – 2029).

President Ramaphosa welcomed the proposal to upgrade the Comprehensive Strategic Partnership to an All-Round Strategic Cooperative Partnership in a New Era. 

“This will elevate our mutually beneficial political and economic ties for the benefit of both our countries and our people.

“We were encouraged by the inward procurement mission of Chinese companies last year. We urge for more sustainable manufacturing and job-creating investments,” the President said.

He said the development cooperation between the two countries continues to grow, covering many areas. 

“Our two countries share many common objectives. Building on the firm foundation of solidarity, we continue to provide support in promoting our interests, those of the African Continent and the Global South.”

The newly formed Government of National Unity continues to place the achievement of the African Union's Agenda 2063 and the pursuit of a better Africa and world at the centre of its foreign policy. 

“As our history demands, South Africa will continue to pursue progressive internationalism. We remain firmly committed to the One China Policy.

“South Africa will use the opportunity of hosting the G20 Summit next year to focus global attention on the developmental challenges confronting Africa and the countries of the Global South,” President Ramaphosa said. – SAnews.gov.za 

Janine
Mon, 09/02/2024 - 12:18

235 views
Read morePresident calls for narrowing of SA, China trade deficit

LG Electronics South Africa Launches Online Store, Ushering in a New Era of Convenient Shopping

Location: Business
LG Electronics

LG Electronics South Africa (www.LG.com/global/) recently took a giant leap into the future of shopping with their online store which will forever change how South Africans buy their favourite tech. This is not just another e-commerce site—it is a bold move, changing the digital landscape and marking a new chapter in LG's South African journey, says Mr Jinkook Kang, Subsidiary President at LG Electronics South Africa.

“Now live at LG.com/za, our online store brings LG's innovative gadgets straight to your fingertips, showcasing our unwavering commitment to putting customers first in ways never before seen in the local market.”

As only the third market in the Middle East and Africa region to launch a brand-specific online store, LG South Africa is pioneering a new era of digital retail excellence. This achievement not only shows LG's status as a technology leader but also shows its commitment to meeting the changing needs of South African consumers.

Mr Kang shared his excitement about the launch: “We did not just open an online store; we are unlocking a portal to the future of retail in South Africa. This platform represents a fusion of LG's pioneering technology with the vibrant spirit of South African consumers. It's more than a shopping destination—it's a digital playground where innovation meets aspiration, where every click brings you closer to experiencing the extraordinary.”

The new e-commerce hub is a treasure trove of LG's most sought-after products, from breathtaking OLED and QNED televisions that redefine visual experiences to futuristic home appliances that transform everyday tasks into moments of joy. Tech enthusiasts can explore an array of state-of-the-art monitors, while eco-conscious shoppers will delight in the energy-efficient air conditioning units.

To celebrate this digital milestone, LG is rolling out the red carpet with an irresistible offer which is music to every shopper's ears. From August 27 to September 30, 2024, if you make an online purchase of R7,000 or more, LG will give you a free LG XBOOM XG2T speaker (http://apo-opa.co/4g5wpAv), valued at R1,199. This limited-time offer is exclusively available through the online store, giving customers more reason to explore LG's digital shop.

But the excitement does not stop there. The company's renowned Premium Service is available for select items bought through the online store. This white-glove treatment includes complimentary delivery, expert installation, and dedicated ongoing support, ensuring that every LG product becomes an integral part of your lifestyle with ease.

LG has created a variety of payment options to meet the different needs of South African consumers. From interest-free instalments to credit alternatives, LG is making premium technology more accessible than ever before.

“We're not just selling products; we're crafting experiences that resonate with the South African spirit,” says Mr. Kang. “Our online store is a digital embodiment of our ‘Life's Good' philosophy—a place where technology enhances life, where innovation meets inspiration, and where every purchase is a step towards a brighter, more connected future.”

As LG Electronics South Africa starts a new digital journey, the company remains committed to its core values of innovation, quality, and customer satisfaction. The online store is more than just a way to sell things. It shows that LG cares about making life better for every South African through easy-to-use, innovative technology.

“This launch is just the beginning of an exciting new chapter,” Mr. Kang concludes. “We're not just reimagining retail; we're redefining the very essence of how South Africans interact with technology. Every click, purchase, and unboxing is a chance to experience something amazing. Welcome to the future of shopping—welcome to the LG online store!”

Visit LG.com/za to explore LG's new online store and experience the future of electronics shopping.

Distributed by APO Group on behalf of LG Electronics.

Media files
LG Electronics
Download logo
Read moreLG Electronics South Africa Launches Online Store, Ushering in a New Era of Convenient Shopping

Home Affairs announces mechanism to boost tourism 

Location: News

Home Affairs announces mechanism to boost tourism 

In a critical step to reform the visa system and position the Department of Home Affairs (DHA) as an economic enabler by supercharging job creation in the tourism sector, the department has announced the creation of an innovative new Trusted Tour Operator Scheme (TTOS).

The scheme is set to be implemented from January 2025.

“With an initial focus on the burgeoning tourist markets of China and India, the TTOS will remove some of the key obstacles standing in the way of South Africa becoming a favoured tourism destination for the second and fifth largest economies in the world,” said the DHA in a statement on Monday.

Chinese tourists made over 100 million outbound trips in 2023, with South Africa receiving a 93,000 of these arrivals. 

In comparison said the department, a country like Australia attracted over 1.4 million visitors from China in 2023. 

At the moment, Indian tourists account for only 3.9% of all international visitors to South Africa – and China for only 1.8%.

In collaboration with the Department of Tourism, as well as the Presidency and Operation Vulindlela, the Department of Home Affairs has resolved to play its role in “rectifying the unacceptable economic under-performance by urgently clearing obstacles to tourism from these two major source-markets.”

After seeing the positive impact made by the Trusted Employer Scheme (TES), which provides swift and simplified visa processing services to vetted and approved businesses to attract critical skills, Home Affairs Minister Leon Schreiber has directed that the same principle be applied to cutting red tape and improving efficiency for tourists from non-visa exempt countries like China and India.

Group applications

Through TTOS, vetted and approved tour operators from these countries will be invited to register with the department. 

In exchange for undergoing thorough screening upfront and assuming responsibility for travellers in their groups, the department will for the very first time process group applications from Chinese and Indian tourists travelling with approved operators. 

Tourist visa applications processed through TTOS will be handled by a dedicated and skilled team of adjudicators to ensure swift and reliable processing, and will also benefit from the removal of restrictive red tape that currently “suffocates South Africa’s tourism potential”.

State Visit to China 

“I am particularly pleased that we are able to make this announcement during the President’s State Visit to China, as it sends a powerful message that the Government of National Unity is serious about unlocking our country’s vast tourism and economic potential,” said Minister Schreiber. 

READ | President Ramaphosa to lead SA delegation to China for State Visit

“Research indicates that boosting tourism by only 10% per year can boost annual economic growth by 0.6% and create tens of thousands of new jobs for South Africans. Travelling in large groups is the preferred option for many tourists from some countries and it is time for our visa system to adapt in order to reflect and capitalise on this reality.”

READ | Ministers discuss SA, Chinese relations ahead of State Visit

“This is only the start of Home Affairs’ embrace of our role as an economic enabler. Exciting as it is, TTOS is itself but an interim measure to boost tourism while we move with speed to digitally transform Home Affairs. 
“Ultimately, our vision is for a fully automated process that delivers secure tourist visa outcomes digitally and within seconds to tourists from around the world,” the Minister said.

The regulations for the TTOS will be published shortly, as well as information on how tour operators can apply with the Department of Home Affairs ahead of the scheme’s rollout in January 2025. – SAnews.gov.za

Edwin
Mon, 09/02/2024 - 09:08

906 views
Read moreHome Affairs announces mechanism to boost tourism 

Transport department announces preferred bidder to print new driving licence card

Location: News

Transport department announces preferred bidder to print new driving licence card

The Department of Transport has announced the appointment of IDEMIA Identity and Security - South Africa as the preferred bidder to produce new smart driving licence cards. 

The appointment was approved on 8 August 2024.

IDEMIA is expected to enter into a service level agreement with the department before commencing with its work to put in place the infrastructure and systems. 

More information in terms of the timeframes will then be made available to the public once the service agreement has been signed.

“The new licence card will incorporate new security features aimed at eliminating the ever-increasing risks of fraudulent and counterfeit driving licenses.

“Considering the cost drivers of producing the driving license and the risk of fraud and corruption, the new driving license will continue to be manufactured centrally,” the department said.

The department embarked on a process to find a service provider with a tender advertisement in the government tender portal on 5 April 2023, which closed on 5 May 2023. 

This resulted in five bidders’ responses that were received and subjected to a thorough and transparent process of evaluation and adjudication by the bidding committee.

“It was also subjected to a probity/audit process - the probity conclusion being that all the processes were in compliance with prescribed legislation and policies,” the department said.

On 30 August 2022, Cabinet of the 6th administration approved a proposal by the department to produce a new driving license card for the country. – SAnews.gov.za

DikelediM
Mon, 09/02/2024 - 10:00

74 views
Read moreTransport department announces preferred bidder to print new driving licence card

The Ultimate Kosher Safari Experience: A Journey of a Lifetime

Location: MyPR

When it comes to travel, the desire for unique experiences often drives adventurers to explore new lands and cultures. For those seeking a seamless blend of adventure and faith, a Kosher Safari provides the perfect solution. These curated journeys offer a harmonious balance of thrilling wildlife encounters and adherence to kosher dietary laws, making them …

Read moreThe Ultimate Kosher Safari Experience: A Journey of a Lifetime

Best Padel Rackets for Beginners

Location: MyPR

Introduction Padel is swiftly becoming a favourite sport worldwide, thanks to its engaging play and sociable nature. For beginners, the journey starts with selecting the right equipment, particularly the racket, which is crucial for both learning and enjoyment. This blog post will guide newcomers through the essentials of choosing a beginner-friendly padel racket, helping them …

Read moreBest Padel Rackets for Beginners

Sustainable Leadership Takes Centre Stage as Proudly South African and Southern Sun Honour Women Pioneers

Location: MyPR

In celebration of the great strides women have made in business, Proudly South African and Southern Sun have joined forces to recognise the sustainability of women’s leadership amongst thought leaders, ceiling breakers, and business leaders in the country. The Women’s Month celebration was hosted at 54 on Bath on Friday, 30 August 2024. Leanne Manas …

Read moreSustainable Leadership Takes Centre Stage as Proudly South African and Southern Sun Honour Women Pioneers

The Rise of Apartment Living: 8 Reasons This Is a Growing Trend

Location: MyPR

Downsizing and retirement often go together, and while some might choose a smaller home or maisonette, apartments in secure estates are becoming a popular option for active seniors. This is particularly true for those who want to live on the coast while also enjoying the freedom to travel when they want. “Previously, apartment living in …

Read moreThe Rise of Apartment Living: 8 Reasons This Is a Growing Trend

A Sky-High Triple Salute: Emirates Celebrates South Africa With Spectacular, First-Ever A380 Flypast

Location: Sport
The Emirates Group

The low-level flypast marks three milestones for Emirates (https://www.Emirates.com/) and South Africa; The flying display celebrates the return of the second daily A380 service on the Dubai-Johannesburg route from 1 September.

Emirates, the world's largest international airline, takes to the skies to celebrate its longstanding and ongoing commitment to South Africa, with the country's first ever A380 flypast. Running up the score, the remarkable low-level aerial showcase also marks Emirates' first ever flypast in Africa and the first international airline to execute such a feat in South Africa.

Honouring its shared love for rugby with over 62,000 enthusiastic spectators, Emirates flew the world's largest commercial passenger aircraft over Emirates Airline Park, just before kick-off of the much-anticipated Springboks vs All Blacks test match. Flying at an altitude of just 500 feet above the ground, the iconic Emirates double-decker aircraft saluted rugby and aviation fans, in its latest signature livery.

The Emirates A380 took off from O.R. Tambo International Airport at 16:00, travelling at a speed of 140 kts, reaching the stadium at 16:58, perfectly timed to follow South Africa and New Zealand's national anthems. The impressive aerial feat follows months of thorough and cross-functional planning between stakeholders including multiple teams at Emirates, South African Civil Aviation Authority, Airports Company South Africa, Emirates pilots, Flight Operation Managers and Air Traffic Controllers working together with the Emirates Lions team. The teams worked together across every element of the aerial display, taking into account air traffic patterns at different times of the day with different weather and wind conditions.

UAE National Captain Mubarak Al Mheiri, A380 Deputy Chief Pilot commanded the flight, joined by Captain Khalid Binsultan and Captain Abdalla Al Hammadi, both Technical Pilots for the Airbus A380 and Captain Richard Fiess, A380 Captain. Captain Mubarak has flown with Emirates for 19 years and has completed over 7,200 hours in the cockpit of the iconic A380. He has commanded similar flypasts for Emirates, including UAE National Day celebrations (http://apo-opa.co/3yXQLen) for the past four years and headlining the commercial aircraft flypast formation at the 2023 Dubai Air Show (http://apo-opa.co/3Xrar3A). He also participated in the iconic flight promoting Expo 2020 (http://apo-opa.co/3TdcRAq), which saw an A380 fly around an Emirates Cabin Crew at the very top of the Burj Khalifa; the unprecedented formation flight with the Jetman (http://apo-opa.co/3TdcSV0) team back in 2015; and with the Red Arrows (http://apo-opa.co/3Tddj1o) in 2022.

Afzal Parambil, Country Manager of Southern Africa, Emirates said, “Tonight's record-setting flypast is a powerful display of our unwavering commitment to South Africa. It represents not just an achievement of technical excellence, but encapsulates our ongoing partnership with key stakeholders in South Africa, including the Civil Aviation Authority, O.R. Tambo International Airport, Emirates Lions and, of course, the strong relationship we've built with our customers and travel partners here over the years. For almost three decades, we've unlocked an array of choices for our customers, by offering an outstanding on-ground and in-flight experience coupled with seamless global connectivity, and we're not slowing down now. We look forward to the next 30 years, and beyond, of serving South Africa and spotlighting its many attractions to the world.”

Pieter Burger, Ellis Park Stadium Managing Director, said, “The flyover has become such a pre-match entertainment staple at the iconic Emirates Airline Park. First witnessed in 1995 at the final of the international rugby showpiece where the South African national rugby team was victorious, to have had this moment tonight against the very same opposition was a thrilling experience for fans watching at the stadium and at home.

We are extremely grateful to our long-time partner Emirates who were pivotal towards the success of this project, together with all other role players involved. From a lasting memory perspective, this will certainly be up there for those who had the privilege to witness the moment.”

The flypast also marks the return of Emirates' second A380 service on the Dubai-Johannesburg route, enhancing more customer choice and travel options with Emirates' iconic onboard products and world-class service. EK761 departs Dubai at 04.05, landing in Johannesburg at 10:15, with the return flight, EK762, departing Johannesburg at 13.25 and touching down in Dubai at 23.45, perfectly timed for onward connections to key destinations in the Far East, Europe and the Middle East.

Emirates is one of the world's biggest supporters of rugby. In South Africa, Emirates' investment in the sport is headlined by its steadfast title sponsorship of the Emirates Lions, including naming rights of the team's home stadium, Emirates Airline Park. The airline also sponsors the action-packed Cape Town Sevens, a regular fixture on the Sevens World Series calendar and one of the most popular live sporting events in South Africa, regularly drawing over 100,000 spectators.

Globally, Emirates can be found at the centre of the action from grassroots to professional leagues as the sponsor of Rugby World Cup since 2007, with prominent presence planned at the upcoming 2027 World Cup in Australia.

Firmly established as a long-term partner of South African aviation, tourism, and trade, Emirates has been serving the market for 29 years, connecting over 20 million travellers to/from South Africa with more than 140 destinations on its vast global network, via Dubai. The airline serves customers traveling to and from South Africa with 42 weekly flights to Cape Town, Johannesburg and Durban, with additional connectivity to regional points across the country offered by its codeshare and interline partners South African Airways, Airlink, Cemair, and FlySafair.

Distributed by APO Group on behalf of The Emirates Group.

Media files
The Emirates Group
Download logo
Read moreA Sky-High Triple Salute: Emirates Celebrates South Africa With Spectacular, First-Ever A380 Flypast

Deputy President commends BRICS New Development Bank for pledges

Location: News

Deputy President commends BRICS New Development Bank for pledges

Deputy President Paul Mashatile has expressed his gratitude to the BRICS New Development Bank for its backing of South African infrastructure investment.

“I want to express my gratitude once again for the bank's pledge, and specifically for the promises made regarding the bank's assistance for South African infrastructure investment. In this regard, we take note of the US$5.6 billion in loans extended to our country over the last eight years,” the Deputy President said.

He was addressing the Energy Seminar convened by the BRICS New Development Bank at the Cape Town International Convention Centre on Saturday.

The NDB has approved $2.3 billion for 10 renewable energy projects, including solar PV, wind, hydropower, biomass, and hybrid systems with storage. These projects aim to install a 2.8GW generation capacity, reducing over 4 million tonnes of CO2 emissions annually.

“We also appreciate the bank's plans to assist Transnet in resolving the deficiencies in freight rail infrastructure. The Transnet project in particular is of utmost importance in guaranteeing a goods system that is internationally competitive, allowing for the continuous expansion and diversification of the country's economy,” Mashatile said.

He highlighted that during their discussions they had agreed that a challenge was the sluggish payment of authorised projects in South Africa. He discussed the matter with the Minister of Finance Enoch Godongwana and his team at National Treasury, who have promised to attend to it.

“We are also impressed that the bank has appointed former National Treasury official Mr Monale Ratsoma as its Chief Financial Officer and Vice-President. We will work with you to ensure that the pledge that the bank made of US$3 billion at the BRICS Summit comes to reality because it is focused on supporting our energy strategy,” he said.

Deputy President Mahsatile told the NDP President that the government is especially eager to learn from China's experience in rapidly scaling up renewable energy capacity and modernising its grid infrastructure; India's successes in promoting rural electrification and integrating large-scale renewable energy projects; Brazil's expertise in hydroelectric power and bioenergy and Russia's strategies for managing a vast transmission network and its progress in nuclear energy.

“We hope to gain insights into effective models for private sector participation in transmission infrastructure development; strategies for balancing grid stability with the integration of variable renewable energy sources; innovative financing mechanisms for large-scale energy projects and best practices in managing the socio-economic aspects of energy transitions.

“Specifically, one of the lessons we are learning from one of the BRICS Member Nations is that they have invested in the creation of new cities as a method to eradicate poverty. We are of the same opinion that it is imperative to allocate resources towards the construction of new cities in Africa in order to alter the spatial perspective of our cities,” he said.

“As we collaborate with the NDB, we will invest in new cities in response to today's realities, which are growing urbanisation, migration, climate change, poverty, unemployment, and pandemic management. The future is in the cities.”

The Deputy President told delegates that if South Africa accelerates the construction of these cities, it will address the large influx of people from rural areas moving to urban areas, which has put tremendous strain on cities, causing traffic congestion, housing infrastructure backlogs, and, to some extent, an increase in crime rates.

“However, as we develop these cities, we must remember that sustainable cities require dependable, inexpensive, and renewable energy to operate. High-energy consumption patterns, rising energy costs, and environmental deterioration caused by the use of fossil fuels render cities vulnerable and inefficient,” he said.

The Deputy President presented some of the key initiatives and reforms government has undertaken. 
He spoke about the process of unbundling Eskom into three separate entities: generation, transmission, and distribution. This separation will enhance efficiency, improve accountability, and open up the sector to much-needed competition and investment.

“We have also implemented a debt relief programme for Eskom, allocating R254 billion over the next three years. This financial support is crucial for Eskom's operational stability and will enable the utility to invest in critical maintenance and upgrades of existing infrastructure,” he said.

The country is expanding generation capacity where several steps have been taken already. 

“To this end, we are implementing an ambitious transmission expansion plan, including piloting Independent Power Transmission (IPT) projects and streamlining regulations to accelerate the development of transmission infrastructure.

“This initiative aims to unlock renewable energy potential in the Northern, Eastern, and Western Cape provinces. The aim is to connect new generation capacity to the grid.

“As we pursue these reforms, we remain steadfast in our commitment to a just energy transition. We have, however, decided not to transition into the dark. We are a coal-endowed country,” he said.

The Deputy President said the reforms and initiatives were just the beginning as the country is open to learning, adapting, and collaborating. – SAnews.gov.za
 

DikelediM
Sun, 09/01/2024 - 11:40

81 views
Read moreDeputy President commends BRICS New Development Bank for pledges

Treasury welcomes NDB funding commitments for freight logistics, water projects

Location: News

Treasury welcomes NDB funding commitments for freight logistics, water projects

The National Treasury has welcomed the funding commitments by the New Development Bank (NDB) to critical freight logistics and water projects. 

The bank, during the 9th Annual Meeting of the Board of Directors of the NDB in Cape Town this week, announced that its Board had approved a US$1billion loan to South Africa for financing water and sanitation infrastructure development under the Municipal Infrastructure Grant (MIG).

Additionally, it was announced that a R5 billion loan agreement with Transnet was also extended.

“We welcome the NDB's funding commitments. They will go a long way in assisting us with the funding challenges faced by some of our programmes and parastatals. Every cent is welcome. 

"Of course, many of our broader plans for infrastructure pipeline development and funding will be unpacked during the Medium-Term Budget Policy Statement in October,” said Minister of Finance and NDB Governor, Enoch Godongwana.

The annual meeting included engaging sessions and seminars focused on energy; unlocking financing for sustainable development in emerging markets and developing countries; and the role of development finance institutions in infrastructure investment.

Godongwana said government looked to the NDB to provide solutions aimed at de-risking infrastructure projects through its financial instruments to attract private capital. 

This, he said, would support infrastructure projects and provide technical assistance in designing innovative funding models and institutional arrangements that could accelerate infrastructure investments at a country-level.

“However, if the bank is to continue advancing the interests of the developing world and addressing challenges such as renewable energy, infrastructure development, digital access, and job creation then the NDB must make a concerted effort to speed-up disbursements of approved projects,” said the Minister. – SAnews.gov.za

Janine
Sun, 09/01/2024 - 09:30

173 views
Read moreTreasury welcomes NDB funding commitments for freight logistics, water projects

Zero2five Trust Reaches Out to ECD Practitioners in Rural and Township Economies This Women’s Month

Location: MyPR

Women in the rural and township economies are more vulnerable to poverty and unemployment, according to Julika Falconer, CEO of Durban-based Zero2Five Trust which focusses on ECD (Early Childhood Development). Working within these communities, she says poverty is a daily reality and impacts on the fact that many children do not receive the education needed …

Read moreZero2five Trust Reaches Out to ECD Practitioners in Rural and Township Economies This Women’s Month

New Development Bank key to progress in developing countries

Location: News

New Development Bank key to progress in developing countries

Minister of Finance Enoch Godongwana has called for visible thought leadership on how the New Development Bank (NDB) can play a more catalytic role in the achievement of Sustainable Development Goals (SDGs) in developing and emerging markets.

The SDGs are a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity.

“The Bank must be unwavering in its commitment to the SDGs as it remains the most relevant benchmark for the development priorities of developing countries. Therefore, as we grow and strengthen the NDB as an institution, we must not lose sight of its developmental mandate. 

“There is a need to address global challenges such as geopolitical challenges, which impacts multilateralism, escalating climate stresses, widening economic and social divides, and challenges we face at a national level. 

“This includes poverty, inequality, and unemployment that continue to plague our societies,” Godongwana said on Friday. The Minister was addressing the NDB Annual meeting in Cape Town.

The Minister noted the significant progress that has been made by the Bank since being operational.

“[However], we must recognise that there is still much work to be done. As the 2030 Agenda draws near, increased momentum towards achieving the SDGs is imperative. This is a critical time for global development partners to come together and convey a strong message on the broad development agenda,” he said.

The Minister said progress on the SDGs will require targeted investment. 

“Access to concessional development finance for developing countries is imperative to ensure accelerated progress in addressing development challenges and achieving inclusive growth that creates economic opportunities for all.

“In addition, there is a need for sizeable increases and greater stability in the flow of private capital investments. The NDB can play an essential role in mobilising private investment and ensuring it flows where it is needed most.

“The Bank must implement innovative financing instruments to crowd-in private sector participation. This should be accompanied by technology transfer and capacity building support as multidimensional enablers to accelerate the implementation of the SDGs, especially in key areas such as renewable energy, infrastructure development, digital access and job creation,” Godongwana said.

He said investment in infrastructure is central to the achievement of the development goals. 

“Infrastructure is an enormous economic multiplier, providing dividends for an economy long after the infrastructure has been built. We believe that the NDB’s activities in developing and emerging markets will assist in addressing the large infrastructure financing gap that has been impeding economic growth and development, particularly in Africa. 

“In this slow growth environment, where fiscal and monetary policy is limited, public and private role players need to collaborate to support growth.

“To this end, we look to the NDB to provide solutions aimed at de-risking infrastructure projects through its financial instruments to attract private capital,” the Minister said.

This will support infrastructure projects and provide technical assistance in designing innovative funding models and institutional arrangements that could accelerate infrastructure investments at a country-level.

“However, if the Bank is to continue advancing the interests of the developing world and address challenges such as renewable energy, infrastructure development, digital access and job creation then NDB must make a concerted effort to speed-up disbursements of approved projects.

“As more African countries become members of the NDB we believe that the Bank can play a very instrumental role in the provision of infrastructure and addressing its infrastructure deficit,” he said. -SAnews.gov.za

nosihle
Fri, 08/30/2024 - 11:44

411 views
Read moreNew Development Bank key to progress in developing countries

Hi-Tec Launches New Store in Somerset

Location: MyPR

The tranquil town of Somerset is now home to a new hub for outdoor enthusiasts, with the recent opening of a new Hi-Tec outdoor apparel store. This new addition marks a significant milestone for both the brand and the local community, catering to the increasing demand for high-quality, performance-oriented gear for outdoor adventures. Nestled in …

Read moreHi-Tec Launches New Store in Somerset

From Deeply Hydrating Balms to Elasticity-Boosting Lotions, Neutrogena’s New Body Collection Is Packed With Derm-Grade Ingredients to Meet All Your Skin’s Needs.

Location: MyPR

Neutrogena, the world’s trusted Kenvue facial skincare brand is proud to introduce its new Body range, marking its entry into the body care market with the same commitment to excellence that has defined its facial skincare products. This new collection of lotions and balms is expertly designed to offer the high level of care and …

Read moreFrom Deeply Hydrating Balms to Elasticity-Boosting Lotions, Neutrogena’s New Body Collection Is Packed With Derm-Grade Ingredients to Meet All Your Skin’s Needs.

LocalSpot.co.za: Empowering Businesses with Zero Commission Arbitrage Platform in South Africa

Location: MyPR

LocalSpot.co.za: Empowering Businesses with Zero Commission Arbitrage Platform in South Africa Cape Town, South Africa – 30 August 2024 – LocalSpot.co.za, South Africa’s pioneering arbitrage platform, is revolutionizing the way individuals generate income online. With a unique model that takes zero commission from users, LocalSpot.co.za empowers entrepreneurs, side hustlers, and retirees to maximize their profits …

Read moreLocalSpot.co.za: Empowering Businesses with Zero Commission Arbitrage Platform in South Africa