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Embrace giving this holiday season with clothing and footwear for the whole family! The season of gifting is quickly approaching, and you’ll want to find the perfect gift for your loved ones. Whether it is your husband, wife, father, mother, brother, sister, son, and daughter – no matter what the family member your life is, …
Introduction Commercial property in South Africa is a sector characterized by its dynamism and significant impact on the economy. This blog post aims to explore the intricacies of the commercial property market, shedding light on its current trends, challenges, and the potential it holds for investors, businesses, and the broader economy. Overview of South Africa’s …
Powerade® Renovates Multipurpose Court in Orlando West Park Through its global communications platform “Pause is Power” which was launched globally in 2022, Powerade® champions the often-overlooked potential of a pause, prioritising wellbeing over winning. The sports drink brand actively takes on the ‘win at all costs’ mentality by emphasizing the value and regenerative benefits of …
In South Africa, the process of evicting a tenant has become highly regulated. On top of the legal ramifications, there’s also the human element to consider in the current economic climate. The best option for avoiding eviction hassles for landlords is to find the right tenant from the start. Property professionals weigh in. Stringent Vetting: …
A shift-boss, also known as a shift supervisor or mine captain, plays a crucial role in overseeing the operations of a mine during a specific shift. Their primary responsibility is to ensure the safety, efficiency, and productivity of the mine. This involves ensuring compliance with safety regulations and protocols through regular inspections and monitoring, managing …
Checkers Sixty60 delivers joy with sweet surprises this holiday season South Africa’s biggest on-demand grocery delivery service, Checkers Sixty60, has joined forces with celebrated chocolatier Beyers Chocolates to spoil hundreds of thousands of customers with a one-of-a-kind treat. From Wednesday 13 December, while stocks last, every Sixty60 order will be accompanied by a limited-edition Sweetie …
Introduction In the competitive world of marketing, caps and hats emerge as exceptional promotional tools. Beyond their practical use, they serve as fashionable accessories, making them ideal for brand visibility. This blog explores the effectiveness of using headwear for promotional purposes, highlighting Perkal Promo as a notable source for these products. Affordability and Value One …
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $300 million loan to South Africa to implement its Energy Governance and Climate Resilience Programme.
The Programme prepared in collaboration with other development partners including the World Bank and KfW Development Bank (KfW), will help advance South Africa's energy transition.
It will spur economic growth by furthering structural reforms to restore energy security, promote private sector participation in the electricity market and enhance the operational efficiency of the national power utility Eskom in line with South Africa's Energy Action Plan and the Just Energy Transition Investment Plan (JET IP) 2023–2027.
The Programme will accelerate mitigation and adaptation efforts by promoting renewable energy generation and shifting businesses to low-carbon activities, resulting in lowering the carbon footprint of the South African economy and improving financing for green projects. These expected outcomes align with South Africa's updated Nationally Determined Contribution and the country's Long-term Low-Emissions Development Strategy.
It will ensure the security and affordability of energy for families and small businesses. It will enable the government to increase budget allocations to connect electricity to poor households and establish a mechanism to encourage families and micro- and medium-sized businesses to invest in renewable energy.
The reform priorities discussed with the Government are designed to complement and create synergies with existing support from the African Development Bank and other development finance institutions for the Just Energy Transition.
Through a $629 800 (470 000 UA) grant with co-financing from the Climate Insurance Fund, the Bank will provide support to ensure affected communities are not left behind, crowd in more women as decision-makers and support young entrepreneurs, especially women, to build skills and create jobs for the green economy.
South Africa's country's Energy Governance and Climate Resilience Programme aligns with the African Development Bank's ‘High 5' strategic priorities, especially "Light up and Power Africa", "Industrialise Africa", and "Improve the quality of life for the people of Africa".
Welcoming the operation, Mrs Leila Mokaddem, Director General for Southern Africa, noted the Bank's long-term support to South Africa's energy sector. Energy has the largest share of the Bank's portfolio at 43.4%. The programme complements this support and aligns with the recently approved Country Strategy Paper (CSP) for South Africa, which recognizes the centrality of Energy reforms to achieve economic growth and improve business confidence.
Distributed by APO Group on behalf of African Development Bank Group (AfDB).
Editor's note: A previous version of this press release issued 31 October 2023, included references to potential contribution from the Government of Canada. This has been removed.
Media Contact:
Mansour Diouf
Communication and External Relations Department
Email: media@afdb.org
About the African Development Bank Group:
The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org.
By Prabashni Reddy – Marketing Manager at Regent Business School The world we live in has become a hyper-connected world, a strong personal brand is not just a nice-to-have; it’s an essential tool for professional growth and success. As the digital landscape continues to evolve, the way we present ourselves online can significantly impact our …
Introduction In the dynamic landscape of South Africa, property companies play a crucial role in shaping the economic and social fabric of the nation. The Diverse Spectrum of Property Companies South African property companies encompass a wide array of entities, including residential and commercial real estate developers, property management firms, real estate investment trusts (REITs), …
Johannesburg, December 2023 – As the academic year draws to a close, The Ridge School celebrates a year of remarkable achievements that reflect the school’s unwavering commitment to academic excellence, cultural richness and sporting prowess, guided by their community’s cherished traditions and dedication to both nurturing and stretching young minds. In a special assembly, the …
Introduction Property development in South Africa presents a dynamic and evolving landscape, rich with opportunities and challenges. This blog aims to delve into the various facets of this industry, offering a broad perspective on trends, challenges, and future prospects. Our focus will remain on the industry at large, steering clear of specific company mentions, to …
Hold onto your crayons, folks! @Sandton Kids is turning up the excitement dial as it officially welcomes mini-geniuses up to Grade R and launches personalised tutoring services for the pint-sized scholars cruising from Grade R to Grade 7. Get ready for a rollercoaster of reading, writing, spelling, and homework galore! Located smack dab in the …
Tasneem Motala is a Senior Lecturer: Operations Management at Stellenbosch Business School and one of the researchers who reviewed South Africa’s first four-day week trial. For the South African results released visit https://www.4dayweek.com/sa-2023-pilot-results When the four-day week trial started, there was a healthy scepticism about whether it could work in South Africa. This question was …
The monthly Sweetdale Night Market hosted at The Packshed restaurant in Margate on the last Friday of every month has become a firm calendar favourite owing to its stunning forest setting, family-friendly environment and wide range of high-quality offerings. This December, KZN Mid-South Coast residents and holidaymakers are in for a treat as there will …
Watch this iconic ‘Throwback Cinema’ release for only R50 at Ster-Kinekor Celebrating its 20th anniversary seemed a fitting time to bring back the timeless romantic comedy, Love Actually – it’s the perfect movie with all the right feels for the festive season. As part of its Throwback Cinema campaign to bring back some of the …
EXCLUSIVELY IN STER-KINEKOR IMAX THEATRES IN SA, LIMITED SCREENINGS FROM 18 JANUARY 2024 IMAX and Pathé Live in partnership with Mercury Studios and Queen Films has announced that, for the very first time, one of the world’s biggest bands will perform on cinema’s biggest screens with the global release of “QUEEN ROCK MONTREAL,” exclusively in …
Logistics software is designed to manage, execute, and optimize the movement and storage of goods, from the point of origin to the point of consumption. This encompasses a range of activities including transportation management, warehouse operations, inventory control, order fulfillment, and shipment tracking. Key Features of Logistics Software: Transportation Management: Streamlines shipping processes, carrier selection, …
Storage facilities offer space, typically in the form of storage units, where individuals or businesses can store their belongings. These facilities vary in size, type, and the amenities they offer, catering to a wide range of storage needs. Types of Storage Units: Self-Storage Units: These are the most common type, offering a range of unit …
Johannesburg’s diverse and dynamic nature is reflected in its storage unit offerings. From basic self-storage units in the suburbs to more sophisticated, climate-controlled facilities in the business districts, there’s a solution for every need. These facilities cater to a wide range of clients, including individuals, families, students, and businesses. Key Features to Look For: Security: …
PROTEC, a national NPO that has been building successful STEM careers in South Africa since 1982, is closing the year with exciting plans and strategies for expanding the geographic reach, the number of teachers and learners to be impacted, and the range of programmes in PROTEC’s portfolio in forthcoming years. Balan Moodley, CEO of PROTEC, …
As we observed World AIDS Day, it was both a moment of reflection on progress and a call to action for a crucial issue that still persists to this day. In Southern Africa, where HIV is the most severe globally, the battle against the virus extends beyond medical challenges and stretches to societal barriers built …
What is Investment Property? Investment property, often referred to as investment properties in the real estate market, is real estate purchased with the intention of earning a return on the investment either through rental income, future resale, or both. Unlike a primary residence, it’s acquired primarily for income-generating purposes. The Benefits of Investment Property 1. …
Introduction The search for an apartment is an exciting journey, offering the promise of a new home and lifestyle. This blog provides an overview of the key factors to consider when exploring the market for apartments for sale, aiming to guide potential buyers through this significant decision. Understanding Your Needs Before diving into the apartment …