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President Ramaphosa’s public programme for August

Location: News

President Ramaphosa's public programme for August

Fresh off the formation of the Government of National Unity (GNU) and the delivery of the Opening of Parliament Address, President Cyril Ramaphosa will embark on several local and international duties this month.
 

The President’s public programme for the next month was released by Presidential Spokesperson Vincent Magwenya during a media briefing on Wednesday.

The President  is set to visit Angola for a working visit on Thursday, 8 August.

“The two heads of state will use the occasion of the working visit to reflect on the bilateral relationship between the two countries, who share very deep historical ties that are rooted in the liberation struggle against colonialism and apartheid. 

“The leaders will also share perspectives on issues of regional mutual interest, including the situation in the DRC [Democratic Republic of Congo] and on regional and continental efforts aimed at resolving the conflicts that are plaguing the continent. The President will be accompanied by the Minister of International Relations and Cooperation, Ronald Lamola and the Minister of Defense, Angie Motshekga,” Magwenya said.

Wednesday, 13 August 2024
President Cyril Ramaphosa is expected to meet with Cabinet members, senior business leaders, and technical experts from government and business to discuss a new era of collaboration for a partnership launched over a year ago to address barriers to growth in South Africa.

Thursday, 15 August 2024
President Cyril Ramaphosa, will host a public signing of the Health Compact. The signing of  the compact is expected to be held at the Union Buildings in Pretoria, at 1:30 pm.

Saturday, 17th August 2024
President Cyril Ramaphosa will attend the 44th Ordinary Summit of the Southern African Development Community (SADC) Heads of State and Government, hosted the Republic of Zimbabwe. The SADC Summit is responsible for the overall policy direction and control of functions of the Community, ultimately making it the policy-making institution of SADC. 

Friday, 23 August 2024

The President will embark on the District Development model oversight visit and Presidential Imbizo to the City of Ekurhuleni Metropolitan Municipality in Gauteng.

Monday, 26 August 2024
President Ramaphosa will address the JET Municipal Conference. The aim of the conference is to convene key stakeholders within the municipal space to chart the way forward for the effective implementation of the JET Municipal Portfolio set out in the JET Implementation Plan (JET IP) which was approved by Cabinet in November 2023.

Wednesday, 28 August 2024
President Ramaphosa will deliver the keynote address at the Business Unity South Africa (BUSA) Annual General Meeting (AGM).

Thursday, 29 August
President Cyril Ramaphosa will appear in the National Assembly’s hybrid plenary session to provide oral replies to questions from the NA Members of Parliament at 2pm.

Friday, 30 August
The President will honour the invite from Zimbabwe President, Emmerson Mnangagwa. and embark on a working visit to Zimbabwe to attend the official opening of the 114th edition of the Zimbabwe Agricultural Show. – SAnews.gov.za

 

NeoB
Wed, 08/07/2024 - 15:01

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Train Like an Olympian at Total Ninja, Africa’s Largest Inflatable Course

Location: MyPR

In celebration of the Paris 2024 Olympics, Total Ninja South Africa, Africa’s largest Inflatable and Adventure Park, is offering all Ninja warriors the opportunity to experience the excitement firsthand with their 2024 Olympic Challenge that will be hosted nationwide on Friday, 09 August across all Total Ninja venues. The park will further introduce guests to …

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Roadshows to address outstanding student accommodation payments

Location: News

Roadshows to address outstanding student accommodation payments

The National Student Financial Aid Scheme (NSFAS) will be hosting roadshows across the country to engage directly with the landlords affected by outstanding payments of student accommodation allowances.

NSFAS Administrator, Freeman Nomvalo, said that in response to accommodation providers’ concerns, NSFAS has in the past two months processed bulk catch up payments of accommodation allowances for all legitimate claims.

Nomvalo said that as at 31 July 2024, NSFAS disbursements for private student accommodation had reached R1 billion.

However, Nomvalo acknowledged that there are some landlords who still remain aggrieved.

The important issue to be addressed now is to ensure that all payments are done on time as this is the main remaining “pain point for accommodation providers.”

The Administrator announced that the roadshows will kick off in KwaZulu-Natal on Wednesday, 07 August 2024. 

“I will be taking all critical functions responsible for student data and private student accommodation. I have also extended invitations to our colleagues at universities and Technical Vocational Education and Training (TVET) sector, to ensure we all work together in resolving these challenges experienced by our beneficiaries and the landlords,” Nomvalo said.

In response to the challenges and stabilising the organisation, Nomvalo highlighted some of the projects that have been launched, including the Organisational Re-engineering and Re-alignment Project; ICT and Business Processing Review Project; making NSFAS accessible to students and stakeholders; and planning for 2025 and beyond.

“The conclusion of Organisational Re-engineering and Re-alignment Project will result into a new resource allocation model fit for the purpose and function of the size and shape of NSFAS. It will also provide a greater alignment of functions to improve the efficiency of NSFAS.

“The conclusion of the ICT and Business Processing Review Project will deliver a more efficient ICT system that provides for a seamless interface and data sharing between NSFAS and its key stakeholders including universities and TVET’s. The newly envisaged system is also intended to improve the management of applications for bursaries, loans, and appeals,” Nomvalo said.

He said a feasibility study is intended to consider various regionalisation models and cost implications looking at the location of beneficiaries. 

“The appointed team will also be engaging with the PSET (Post School Education and Training) stakeholders to determine the most feasible model. The intention is to make NSFAS more accessible and responsive to its stakeholders,” Nomvalo said.

Alleged procurement irregularities

The Administrator announced that NSFAS is following up on various alleged procurement irregularities, including the direct payment mechanism.

Nomvalo acknowledged the support provided by the Special Investigating Unit (SIU) regarding this issue.

“To address capacity challenges in the Procurement Unit, I am currently engaged with the National Treasury with the intention of drawing in a secondment from Treasury for the period of six months to also help us with the review of SCM (Supply chain management) policies, as well as procurement processes at NSFAS,” Nomvalo said.

Fruitless and wasteful expenditure registers

The Administrator further announced that the scheme has put measures in place for the 2024/25 financial year, to implement the irregular expenditure and fruitless and wasteful expenditure registers. 

“We will also implement the non-compliance register. These registers will not only ensure compliance with the PFMA (Public Finance Management Act) but will also enhance transparency on the use of public resources by NSFAS,” Nomvalo said. – SAnews.gov.za

GabiK
Wed, 08/07/2024 - 11:20

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Africa’s leading Venture Capital firm Founders Factory Africa rebrands to 54 Collective

Location: Business
54 Collective

Today, leading African venture capital firm, Founders Factory Africa (FFA), has announced its rebrand and name change to 54 Collective (https://54Collective.VC/), evolving its business model to better support transformative technology ventures across the continent through catalytic capital and value-add support through its Venture Success Platform.

Download document: https://apo-opa.co/4diDADB

54 Collective, builds on its exceptional track record of investing in and scaling early-stage ventures in Africa. The new name, 54 Collective, reflects the firm's ambitious pan-African vision, aspiring to help entrepreneurs grow their businesses to serve all 54 African countries.

The firm is a commercial-first investor and embeds impact in everything it does. 54 Collective invests in ventures from idea to Pre-Series A stage by offering catalytic capital, and value-add support through its Venture Success Platform.

"Our catalytic capital and value-add support to founders, through our Venture Success Platform, signifies our evolution and ongoing mission to support entrepreneurs across Africa and enable them to build without boundaries to drive commercial and impact returns. Our name change to 54 Collective communicates our continued commitment to African founders. We are more supportive than ever of unlocking opportunities for entrepreneurs and ensuring a level playing field for youth and women founders,” commented 54 Collective CEO Bongani Sithole.

Investment strategy

54 Collective, offers equity and non-dilutive capital up to a total of $500k, enabling founders to scale their ventures across the continent. To break barriers of access, female founders receive an additional $150k, to their male counterparts, in the form of a non-dilutive capital. 

The Venture Success Platform is made up of a team of highly experienced venture specialists who provide tailored support. This is in the form of product, growth, commercial relationships, business strategy, talent, technology and data to build ventures for scale. The team also ensures that founders have access to the right funding by preparing them for investor readiness, investor access, fundraising strategies, unlocking debt and impact capital. The Venture Success Platform empowers founders to succeed globally by facilitating networking and community building opportunities.

This unique combination of significant funding and comprehensive support distinguishes 54 Collective as the only Venture Capital firm in Africa offering early-stage founders with the highest amount of catalytic capital and support from the largest Africa-based venture capital team with over 70 staff members in Kenya, South Africa, Nigeria and the UK.

The firm has evolved from investing only in the Agtech, Fintech, and Healthtech sectors to being sector-agnostic in its investments, supporting more founders across many sectors on the continent. ​​54 Collective helps founders navigate complex challenges to achieve commercial success and make an impact on the continent through economic growth and job creation.

In 2023, Founders Factory Africa was named one of the top venture capital investors in Africa, with an active portfolio of over 50 ventures across 10 countries. To date, the firm has supported more than 70 ventures across Africa and helped its portfolio startups to raise nearly $140 million in follow-on capital.

A future of empowerment

With seven of the world's fastest-growing economies in Africa, the continent's venture capital sector is rapidly expanding, with $6 billion invested annually. However, this represents less than 1 percent of global venture funding, indicating a significant unmet need for smart capital.

“We are pursuing opportunistic investments in different sectors across the continent where there are uniquely large opportunities for startups to scale and create sustainable impact in these sectors. Our goal is to invest in 105 startups across Africa in the next five years, enabling entrepreneurs to provide solutions to the continent's biggest challenges and transforming lives and industries,” concluded Sithole.

The firm is well on its way to achieving many of its five-year goals which range from enhanced financial inclusion, improved healthcare access, and creating dignified and fulfilling work to creating a gender forward portfolio. 54 Collective is targeting a portfolio where 50% or more of its startups are founded by women. Currently, from the 17 investments made between January 2023 and July 2024 in its portfolio, 45% of them are founded by women. The firm's investments are also creating social economic impact in the wider economy. For example, Asaak, a vehicle asset financing company has improved financial inclusion for over 11,000 bodaboda drivers. An impact study uncovered that 79% of these drivers improved their quality of life significantly and 80% increased their income after receiving credit from Asaak.

Speaking on the significance of the brand evolution and future ambitions, 54 Collective's Executive Chairman and UTOPIA CEO Roo Rogers said, “54 Collective is a powerful economic and social force in the African economy. It is anchored with strong roots on the continent and exceptional network and reputation across the globe. Together with our sister funds, we continue our mission to  redistribute investment and knowledge pathways towards a more inclusive, relevant, and equitable future for the Global South.”

54 Collective's vision is to create a future where African entrepreneurship drives generational progress and prosperity across the continent. The firm's new name, catalytic capital, and value-add Venture Success Platform offering, marks a new era for the venture capital ecosystem. 54 Collective is redefining investing across Africa, enabling its founders to build without boundaries and solve some of Africa's biggest challenges.

Distributed by APO Group on behalf of 54 Collective.

For more information please contact:
Adam Wakefield - 54 Collective, Managing Editor
Tel: +27820490381
Email: adam.wakefield@foundersfactory.co

OR

David Mbai
Tel:  +254716811083
Email: 54COmms@webershandwick.com

54 Collective social media handles:
Instagram: 54collective_vc
X: 54collective_vc
​LinkedIn and Facebook: 54 Collective VC

About 54 Collective:
54 Collective  is a Venture Capital firm dedicated to redefining investing across Africa. By offering catalytic capital and value-add tailored support through its Venture Success Platform, 54 Collective empowers entrepreneurs to build without boundaries. With a presence across Africa, 54 Collective leverages local expertise to help startups scale and achieve commercial success while creating systemic social and economic impact.

Join us in this exciting journey of transforming Africa's entrepreneurial landscape. For more information, visit (https://54Collective.VC/) https://54Collective.VC/ and become a part of 54 Collective's (https://54Collective.VC/) mission to help early-stage African startups grow and thrive and ‘Build without Boundaries' to empower Africa's next generation of innovators and leaders.

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NSFAS processes payment for qualifying beneficiaries

Location: News

NSFAS processes payment for qualifying beneficiaries

The National Student Financial Aid Scheme (NSFAS) Administrator, Freeman Nomvalo, says the scheme has been able to constantly process payments for all the beneficiaries who have submitted their banking details.

Addressing the media on the developments in the implementation of his mandate on Tuesday, Nomvalo highlighted that one of the urgent interventions made by the new Administrator was to migrate the Technical Vocational Education and Training (TVET) NSFAS beneficiaries into a direct payment system through their banker.

This follows frustrations experienced by students in receiving their allowances.

Nomvalo said from the data received, about 6% of students are not receiving their allowance because they either failed the verification process due to incorrect information they provided, while some did not capture their banking details.

Nomvalo said, despite various efforts made by NSFAS to get these students to capture their banking details, the students have not responded.

“There are possible two scenarios; one that, these students have no means to reach us, possibly the messages did not reach them or regrettably, some of these could be non-existent students. What is more worrying is that to date we have not received complaints from students who may have not received their allowances,” Nomvalo said. 

He said NSFAS will continue to engage with institutions and students to submit their details for their allowances to be paid in the next payment run, while investigating the validity and existence of these students.

On the university payments, Nomvalo reported that the administration has taken a decision to extend the current arrangement with universities facilitating payment of allowances to NSFAS beneficiaries. 

He said the arrangement, which follows consultations with the South Africa Universities South Africa (USAF), is extended until the end of the 2024 academic year. 

“This decision arrived in response to USAF and in support of the beneficiaries, as well as the stability of the Post School Education and Training (PSET) system,” Nomvalo said.

The Administrator added that the scheme also intends to migrate the university allowances to a more cost effective and efficient payment system. 

“The planning for the migration of universities was halted by the interdict warded in favour of Ezaga and others by the Western Cape High Court on 12 July 2024, which NSFAS is appealing,” he said.

ICT system delays conclusion of student appeals 

Meanwhile, Nomvalo said the delays in finalising student appeals, loans, and the 2023/2024 funded lists, is directly connected to the current NSFAS ICT system. 

Nomvalo noted that the only default position at this stage is to constantly introduce a manual process of verification, which is “completely cumbersome and over overstretching staff.”

He said in 2023 alone, NSFAS received about two million applications.

“It is almost impossible to expect NSFAS staff to manually conduct verification of these applications at some point in the value chain [and] such a work environment is undoubtedly prone to errors,” Nomvalo said.

He announced that with additional capacity acquired, NSFAS will be communicating with universities, including TVET colleges and students on final lists, not later than end of August 2024.

“On behalf of NSFAS we wish to express our sincere apologies to the affected students and our colleagues in the PSET system. We are working hard to ensure the 2025 academic year is less burdened with the same issues,” Nomvalo said. – SAnews.gov.za

 

GabiK
Wed, 08/07/2024 - 10:03

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The Reason Why You Are Struggling to Find a Black UIU for Your Amanzi Prepaid Water Meter

Location: MyPR

A nationwide shortage of keypads for the Amanzi Prepaid Water Meters has led to concerned consumers trying every avenue for replacement keypads. The black UIU with replaceable batteries from Straton Prepaid has been on back-order for 4 weeks and is only expected to be fulfilled at the end off August 2024. Straton Prepaid has refunded …

Read moreThe Reason Why You Are Struggling to Find a Black UIU for Your Amanzi Prepaid Water Meter

Checkers and UFC champ Dricus du Plessis join forces to support local

Location: MyPR

In-between preparing for his highly anticipated fight later this month, UFC Middleweight Champion, Dricus du Plessis, has partnered with Checkers to launch two locally produced products for sports enthusiasts and fans. The Stillknocks shirt by Old School – a true collector’s item Dricus’ apparel brand, Stillknocks, and popular South African sports supporter gear brand, Old …

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Embracing the winds of change 

Location: News

Embracing the winds of change 

It is often said that the more things change, the more they stay the same - and to some extent this is true.

In an evolving world, change is a necessity and is accompanied sometimes by pangs of anxiety and the eternal “what if” questions that take up residence rent-free in our minds.

As South Africans, we went through a period of transition with July 30 marking exactly a month since President Cyril Ramaphosa announced the Cabinet of the seventh administration under the Government of National Unity (GNU). 

The journey to the seventh administration began at the ballot box at the May 29 elections that resulted in no outright winner at the polls for the political parties. 

While citizens wanted their voices to be heard through the ballot, all of us were wondering what the future would hold for a democratic dispensation that was not run by a political party that had obtained an outright majority at the polls. In the immediate future, fears of possible mayhem and violence post the elections have not materialised.

Setting the ball in motion in the proverbial winds of change, was the holding of the first Cabinet Lekgotla where the Ministers, the Deputy President and President sat down to map out the programme of action of government.

A few days later on 18 July, the President delivered the Opening of Parliament Address (OPA) where he outlined the new administration’s key priority areas. These are: driving inclusive growth and job creation, reducing poverty and tackling the high cost of living as well as building a capable, ethical and developmental state. 

In announcing these priority areas, the President appealed to the larger South African family to behave as weaver birds who give their all to build and cooperate. He has called on all South Africans to remain committed to pursuing the path of cooperation, growth and inclusion.

The new and returning Ministers and Deputy Ministers have hit the ground running in their respective portfolios having tabled their respective Budget Votes that concluded with the President’s reply to The Presidency vote on July 24.

And while we all continue to learn the names and faces of the new executive, what is clear is that the work of government continues unhindered, despite having some new captains at the helm of government departments.
 

The changes have not brought about angst and instability among our people. Instead, the period between the elections up until the setting up of the seventh administration to date, has been characterised by stability we should not take for granted.

And perhaps quite fittingly the changes are taking place in a year that the country celebrates 30 years of freedom and democracy. The change not only tests the strength of our hard-won democracy, but also cements our freedom of choice in who we want to represent us in government and other areas of everyday life.
 

That freedom of choice has not been muffled or tampered with but has been taken seriously by the government of the day.

Attesting to this, the first citizen in replying to the Presidency Budget Vote said: “Above all, let us show that government will work for the people and that we can create a new era of growth and prosperity in our country.”
 

While it is still early days for the GNU, what has been clear for all to see is that there has been a sense of continuity in the operations of government, which is crucial in the creation of a better life for all as well as moving the country forward.

Just as human beings are constantly growing and evolving, change is constant but what remains is that the founding provisions of the Constitution of the republic founded on universal adult suffrage, a national common voters roll, regular elections and a multi-party system of democratic government, to ensure accountability, responsiveness and openness among some of its values, still rings true, albeit the speed bumps along the way.

The Constitution as the supreme law of the land which cannot be superseded by any other law or government action, still lives and breathes for all of South Africa’s people.

Its supremacy has not changed and in an era of change, may its tenets to put South Africa’s people first, never fall. -SAnews.gov.za

Neo Semono is a Features Editor at SAnews.gov.za

 

 

Neo
Wed, 08/07/2024 - 11:11

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Finding the Perfect Television for Sale

Location: MyPR

Introduction Finding the perfect television for sale can be overwhelming with so many options available in the market. This guide will help you navigate the key factors to consider when purchasing a new TV, ensuring you make an informed decision.   Screen Size and Viewing Distance   When searching for a television or television accessories …

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Strategic Partnership Helps Tackle Early Childhood Development Crisis in South Africa

Location: MyPR

Johannesburg, South Africa – Internationally acclaimed non-profit organisation, The Unlimited Child are proud to announce their newly established partnership with National Treasury’s Jobs Fund. The two have joined forces to address the challenges in Early Childhood Development (ECD), focusing on marginalised rural and peri-urban communities while creating sustainable jobs. Recognising the importance of investing in …

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The RMB Where to Invest in Africa 2024 report highlights Africa’s top investment economies

Location: Business
Rand Merchant Bank

RMB (www.RMB.com) has released the highly anticipated 2024 edition of its Where to Invest in Africa report, a comprehensive analysis of the top investment destinations on the continent. The report, which has been developed in collaboration with the Gordon Institute of Business Science (GIBS), leverages a robust methodology that has been updated to reflect new data sources, taking into account a variety of factors that have been proven to determine a country's progress and therefore its investment potential. 

“Africa is not a country, but a vast, diverse and complex continent with different cultures, economies and investment potential. Our report therefore is not a definitive guide, but rather it is designed to provide insight to uncover the underlying drivers of a country's performance that inform its ranking. This offers invaluable insights for investors, policymakers, and business leaders looking to navigate Africa's dynamic economic landscape,” says Isaah Mhlanga, Chief Economist at RMB.  

Expanded data, extended granularity 

Investment decisions need to be viewed through both an economic performance lens and an operating environment lens. As a result, the methodology used for this edition of the Where to Invest in Africa report builds and expands on previous editions, taking into account new data sets as well as changing geopolitical and macroeconomic climates.  

The scorecard for the 2024 issue highlights 31 countries that collectively represent 92% of the continent's economic activity (measured by GDP), and more than one billion people (three quarters of the continent's population). It draws on publicly available data sets from global institutions, including the World Bank, the IMF, the African Development Bank, the United Nations, and the International Labour Organisation.  

The model is constructed from 20 metrics across four measurement pillars: economic performance and potential; market accessibility and innovation; economic stability and investment climate; and social and human development. Each metric is weighted, which translates into a weight for each pillar, and based on these metrics a standardised scorecard is produced, with rankings that enable effective comparison across Africa's complex and heterogeneous environment.  

Africa's top five investment destinations 

Combining these elements results in a ranking across the 31 countries measured. The results of the report show that the two small island economies of Seychelles and Mauritius rank first and second as the most attractive investment destinations on the continent, while the significantly larger economies of Egypt, South Africa, and Morocco rank in third, fourth and fifth places respectively. 

Seychelles leads the rankings thanks to high levels of personal freedom, human development, and a stable economic environment. Seychelles offers a unique and attractive investment climate. Despite scoring lower on economic size and potential, Mauritius is known for innovation, economic freedom, and high GDP per capita. It continues to be a top destination for investors seeking stability and growth opportunities in a well-regulated environment.  

Egypt represents Africa's largest economy by GDP (2023), offering a substantial market with diverse opportunities in sectors like technology, manufacturing, and services. Its strategic location and economic complexity further enhance its attractiveness. Despite facing significant challenges, South Africa remains a crucial hub for investment in Africa. Its robust financial sector, diverse economy, and potential for infrastructure development make it a key player. Finally, Morocco's strong performance in connectedness, innovation, and economic stability positions it as a top investment destination. Its strategic proximity to European markets adds to its appeal. 

Distilling diversity – investment archetypes explained 

Africa is an incredibly diverse continent, and no two markets are the same, which means there is no such thing as a universal success story. However, when we zoom out and view nations through the lenses of size and the relevant investability score, it becomes apparent that they fall into distinct groupings with shared traits. The 2024 edition of Where to Invest in Africa suggests five potential investment archetypes based on shared characteristics revealed through the four measurement pillars.  

‘Highflyers' represent the large, well-established economies that offer stability and a range of investment opportunities, such as Nigeria, South Africa, Egypt and Ethiopia. Those ‘Cleared for Take-off' are countries with high economic growth and innovation potential thanks to factors like a young population and abundant resources, including Senegal and Côte d'Ivoire. ‘People Potential' are markets with a young and growing demographic, creating a sizeable consumer base and a future workforce, such as Kenya, DRC and Uganda. ‘Global Connectors' are more advanced economies with a strong international presence, such as Morocco, Mauritius, Tunisia and Seychelles. ‘Low-Base Boomers' are smaller markets with high potential for explosive growth but a corresponding higher degree of risk, including Rwanda, Mozambique, and Benin. 

Additional insights unpacked

The report also highlights a number of trends across the various markets, and the role of innovation and economic complexity in driving growth is a central theme. Countries such as South Africa, Kenya, and Ghana are noted for their strides in technological innovation and diversification of their economic bases, making them attractive destinations for investment. 

The African Continental Free Trade Agreement (AfCFTA) holds significant potential for boosting intra-African trade, enhancing economic integration, and creating a more competitive continental market. Effective implementation of the AfCFTA is expected to drive economic growth and development across the continent. Africa's young and rapidly growing population also presents a unique opportunity for economic growth, with countries like Ethiopia, Tanzania, and Uganda poised to benefit from this demographic dividend, provided they can create sufficient employment opportunities and foster a conducive environment for economic participation.  

In addition, there are a number of emerging markets with significant growth potential, including Nigeria, Ghana, and Kenya. Despite facing challenges such as political instability and infrastructural deficits, these countries offer substantial opportunities due to their large and youthful populations, improving business climates, and diversification efforts. Africa's vast natural resources, including minerals and arable land, are pivotal for sustainable economic growth. However, the report cautions against the "resource curse" and underscores the importance of good governance and strategic management. Angola, Mozambique, and the Democratic Republic of Congo are highlighted for their rich resources and potential for sustainable development. 

One area that requires critical attention across the continent is the need for infrastructure investment. Improved transportation, energy, and digital infrastructure are essential for unlocking Africa's economic potential, and South Africa, Kenya, and Nigeria are identified as key markets where infrastructure development could yield significant returns. 

Beyond the rankings – a deeper look at African investment 

Looking beyond metrics and scorecards, Africa holds massive potential but equally faces numerous challenges. The continent is rich in natural resources, which can be a major driver of economic growth, but they also present challenges in the form of corruption and environmental degradation. Increased activity around trade agreements can open new markets for foreign investors and boost economic activity, but lack of adequate infrastructure is a major hurdle for many African economies. Investment in this space will improve connectivity and create new opportunities, while rapid and increasing urbanisation will prove attractive to investors in consumer goods, retail, and financial services. Finally, countries in Africa are embracing new technologies, leapfrogging traditional development stages and creating new investment opportunities in the tech sector. 

“The richness of Africa's diversity makes fully analysing its nuance and contrast a challenging task, but an important one when it comes to understanding the varied markets that make up this vast regional economy. The 2024 RMB Where to Invest in Africa report aims to develop a balanced, robust and actionable view of the drivers, challenges and opportunities that characterise each of the 31 African markets included in the analysis,” Mhlanga concludes.  

Download the full report here to uncover the insights and drive more informed investment decisions. 

Distributed by APO Group on behalf of Rand Merchant Bank.

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The Synergy of Esports and Education: Destigmatising Gaming and Unleashing Potential

Location: Entertainment, MyPR

Esports, once dismissed as a frivolous pastime, has evolved into a dynamic intersection of entertainment, technology, and education. This transformation is not only reshaping perceptions but also providing significant benefits across educational levels. From primary schools to universities, esports offer a unique blend of engagement and learning, preparing learners to be future ready in the …

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Breaking Down Borders Africa TV series set to launch on SABC 1

Location: Entertainment, MyPR

Paul Modjadji’s 10 country African tour is chronicled in an enthralling new fourteen-part travelogue on SABC 1. Covering countries including Zambia, Namibia, Tanzania, Kenya, Nigeria and Senegal, the documentary follows Modjadji as he explores Africa’s rich youth and dance culture. Each episode serves up a kaleidoscope of experiences showcasing Africa’s leading landmarks and heritage sites …

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CNN’s Inside Africa meets the urban farmers leading the way in food sustainability

Location: MyPR

In a new episode of Inside Africa, CNN meets the urban farmers and social entrepreneurs leading the way in food sustainability and economic empowerment from community farms to organic online grocery stores. In Cape Town, Bukho Dem, founder of BSomebodySA has single-handedly opened up a new market for the area’s township based urban farmers, supplying …

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Under One Roof rolls out its residential property listing service in South Africa

Location: Business
Under One Roof

Under One Roof (www.UnderOneRoof.co.za), is an entirely new concept set to solve some of the most frustrating problems encountered with other property listing websites. It introduces a homeownership resource-concentrated hub that not only presents properties for rent or sale - which uniquely also assists its clients to complete a transfer to a new owner - but also incorporates offerings that empower homeowners to make well-informed decisions about their lifestyle.

Simultaneously, Under One Roof heralds the entry of a new female real estate CEO, Lynne Krawchuk, who is set to change the traditionally heavily-male dominated property executive clique. Her decades of experience as a marketing professional give Under One Roof the edge when it comes to converting website visitors to loyal clients, putting their needs and wants ahead of merely presenting a search engine of listings.

“We are going to completely change the way properties are showcased,” says Krawchuk. “We will reveal the power of delivering an innovative property ecosystem that will optimise anyone's property journey, be that the property practitioner or agency, the buyer, seller, or renter.”

Under One Roof is something not yet seen before on existing South African property platforms, where listings and advice remain unsupported by other digital marketing strategies, and which are not catering to the different demographic markets.

“This is likely due to complacency by the dominant few property-listing players who have amassed a following due to their monopoly. As such they have created an uneven playing field that restricts the marketing efforts of, particularly, the small-, micro-, and medium-sized property players who are further compromised by the prevailing challenge of diminishing property prices and weakened purchasing power of consumers,” says Krawchuk.

The key differentiator with Under One Roof is its functionality and pricing plan. Krawchuk explains that all users, be those buyers, sellers, renters, landlords, developers, or property practitioners, are provided with a unique login aligned to their own customised backend dashboard.

“Here they can access in-depth data relevant to individual listed properties, be that municipal charges or alternative power and water solutions. Buyers and renters will be able to download walk-through video's and monitor listings they are interested in for an easy revisit or comparison.”

Estate agents and private listers will be able to monitor the number of visitors to their listings, update, and edit details, and can avail of either a three- or six-month subscription per listing with a unique twist. “If the property is sold before the subscription expires, the outstanding months of the package can be transferred to another property listing, provided the first property sale is proven. We can even upload listings if that is preferred, at no charge,” explains Krawchuk.

For buyers, especially those who either do not fully comprehend the property purchase journey or are frustrated by the number of steps in the process, Under One Roof offers to source bond origination, bridging finance, rate clearance certificates and assistance with the transfer. “This feature alone responds to an undeniably underserved market, more specifically first-time home buyers and millennials who prefer to engage a full-range service.”

The Under One Roof customer-centric approach is also going to present as a novelty, for while technology may be driving the platform, AI chatbots are not a feature. “Our research indicates that customers prefer having a human respond to online or email queries. We acknowledge that while today's customers are considered as ‘smart consumers' who may be familiar with the digital realm, chatbots have no empathy, are unable to solve critical problems, and tend to aggravate users who may have a unique request.” 

As Under One Roof grows, so too will the breadth of the platform. “Beyond the necessary features, we are concentrating on targeted demographics, where demands differ in terms of cultural and locality preferences,” says Krawchuk. “For example, in the future we will be presenting neighbourhood video visits hosted by a typical resident, and guidance manuals and features that highlight lifestyle choices. Commercial and retail properties will also be introduced.

“We believe that Under One Roof is the most intelligent, powerful, transparent, and streamlined real estate game-changer since property listings went online in the late 90s,” emphasises Krawchuk. “The team at Under One Roof is intentional about manifesting change in the market by filling the gaps that have been prevalent for too long. And, while others may think we are a disruptor, we disagree! We prefer to think of ourselves as renegades by challenging the existing, staid, and unadventurous status quo.”

Distributed by APO Group on behalf of Under One Roof.

About Under One Roof:
Under One Roof (www.UnderOneRoof.co.za) is reinventing the property listing experience by delivering a one-to-one personalisation online platform for agents, buyers, sellers, and renters. It has developed a unique South African approach to all thing's property-focused, including lifestyle, with its presentation of a combination of digital and human interactions. Under One Roof is a compelling property hub that speaks to, and inspires, a new generation of property stakeholders.

Headquarters: Pretoria, South Africa

For more information, please visit our website: www.UnderOneRoof.co.za

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Mental Illness awareness Month: Understanding the Distinctions and Trends in Mental Health and Mental Illness By Dr Litha Fatsha Advanced Specialist Healthcare Facilities Strategy Unit

Location: MyPR

Mental health and mental illness are often used interchangeably, yet they are distinct concepts. Mental health refers to our overall psychological well-being, encompassing our emotions, thoughts, and feelings, and it affects how we handle stress, relate to others, and make choices. In contrast, mental illness involves diagnosable conditions that impact a person’s thinking, emotional state, …

Read moreMental Illness awareness Month: Understanding the Distinctions and Trends in Mental Health and Mental Illness By Dr Litha Fatsha Advanced Specialist Healthcare Facilities Strategy Unit

DWS priorities completion of bucket eradication projects

Location: News

DWS priorities completion of bucket eradication projects

The Department of Water and Sanitation (DWS) says it will prioritise the completion of the remaining delayed Bucket Eradication Programme projects in the Northern Cape and the Free State.

Briefing the media on the department’s plans and priorities for the 2024/25 financial year on Monday, Water and Sanitation Minister Pemmy Majodina said of the 33 projects which formed part of the programme in the Free State, 26 have been completed (eradicating approximately 32 000 buckets).

“Approximately 10 000 buckets remain to be eradicated in the seven incomplete projects. Of 30 projects which formed part of the programme in the Northern Cape, 29 are completed (eradicating approximately 12 000 buckets), and 596 buckets remain to be eradicated in the one incomplete project,” Majodina said.

However, the Minister acknowledged that the programme will not result in the eradication of the “undignified” and “repugnant” bucket system altogether from the South African landscape. This is because the programme only focuses on eradicating buckets in certain towns in certain provinces, where they were identified in 2012.

She said since then, and on an ongoing basis, other municipalities elsewhere have introduced buckets systems in formal and informal settlements.

“The eradication of buckets is therefore a moving target. In order to address this, Cabinet has recently approved a National Sanitation Framework which will provide the basis for the department to issue new national minimum norms and standards for sanitation which will prohibit the use of the bucket system in both formal and informal settlements,” Majodina said.

Working together with the Water Research Commission, the department is developing new safe, dignified, on-site and non-sewered sanitation systems.

“These solutions will use much less water than water-borne sewered sanitation systems, which is necessary in a water scarce country such as South Africa. Such systems will need to be implemented by municipalities.”

Strengthening partnerships

The Minister added that the Ministry of Water and Sanitation will continue to collaborate with all sectors, especially the private sector, to contribute to resolving the country’s water and sanitation challenges.

This is in line with President Cyril Ramaphosa’s call to strengthen collaboration and social compacts with the private sector, labour, civil society and government.

In addition to partnerships with mining houses for water supply projects, the department is also facilitating partnerships between the private sector and municipalities, through its Water Partnerships Office, which was established in collaboration with the Development Bank of Southern Africa (DBSA) and the South African Local Government Association (SALGA).

This includes finalising plans with the eThekwini, Mangaung, Buffalo City, Nelson Mandela Bay, and Tshwane municipalities to mobilise private sector finance for the replacement of leaking municipal water distribution pipes which are resulting in high levels of non-revenue water.

Water Services Amendment Bill 

Meanwhile, the department will shortly be presenting the Water Services Amendment Bill to Cabinet for approval for it to be submitted to Parliament.

Majodina noted that despite the high level of support provided by the department to the municipalities, the municipal water and sanitation services continue to decline.

She said the Amendment Bill provides for the introduction of an operating license system for Water Services Providers, to enable Water Services Authorities to ensure that their providers have a minimum level of capability to provide water and sanitation services that meet national norms and standards.

“The amendments propose that this should be done through the introduction of an operating license requirement for Water Services Providers, to ensure that they have a minimum level of competency.

“The Bill also introduces measures to enable the national department to take regulatory action against municipalities which do not comply with national minimum norms and standards for water services,” the Minister said. – SAnews.gov.za

GabiK
Mon, 08/05/2024 - 14:23

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