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promise
Radisson Hotel Group targets expansion to 25 hotels in South Africa by 2030, doubling its current portfolio
Radisson Hotel Group (www.RadissonHotels.com) is proud to announce its goal to reach 25 hotels in South Africa by 2030, effectively doubling its current portfolio. This ambitious expansion along with the Group's recent updates to its South African portfolio underscores its commitment to strengthening its presence and contributing to the growth of the South African hospitality industry.
Daniel Trappler, Senior Director of Development, Sub-Sahara Africa at Radisson Hotel Group, shared insights into the Group's strategic approach to reach its ambitious goal of 25 hotels by 2030, stating, "We are prioritizing, through either management or franchise models, conversions for quicker market entry and exploring strategic collaborations with existing management companies to increase our footprint, which presents the potential introduction of the Radisson Individuals brand to South Africa, an ideal first step for individual hotels with strong service scores who may be considering transitioning to one of our other successful core brands at a later stage. We are also seeking opportunities to expand our upper-upscale portfolio and enter the lifestyle luxury market in Cape Town with our Radisson Collection and art'otel brands, leveraging the city's strong tourism performance and our successful existing portfolio.”
Radisson Hotel Group has announced significant updates to its portfolio of operating hotels in South Africa, including:
The debut of its first Safari hotel in South Africa with the opening of Radisson Safari Hotel Hoedspruit:
In February Radisson Hotel Group announced the opening of Radisson Safari Hotel Hoedspruit (https://apo-opa.co/3Kwoqy0) its first Safari hotel and 13th hotel in South Africa. This property offers a luxurious safari experience in the heart of South Africa's wildlife region, with premium amenities and exceptional service. Boasting majestic views of the Drakensberg mountains, the highest mountain range in Southern Africa, Radisson Safari Hotel Hoedspruit is surrounded by endless destination-immersing activities.
“Building on the success of our recently opened Radisson Safari Hotel Hoedspruit, we plan to expand into safari and leisure regions like the Kruger National Park and the world-renowned Winelands region surrounding Cape Town. Additionally, we are targeting secondary cities displaying strong hotel demand generators such as Bloemfontein, Pretoria, Durban, and East London, following our successes in Port Elizabeth and Polokwane. In addition, we are also exploring entry into smaller tertiary cities and towns if it aligns with our expansion strategy,” added Trappler.
Extensive Refurbishments at Radisson Blu Gautrain Hotel, Sandton Johannesburg and Radisson Blu Hotel Waterfront, Cape Town:
The Radisson Blu Gautrain Hotel, Sandton Johannesburg (www.RadissonHotels.com), is undergoing a significant renovation, with 60% of the hotel's rooms already completed, enhancing the overall guest experience. This extensive refurbishment features upgraded wooden flooring, stone countertops, local artworks, carefully crafted furniture, and technological upgrades like smart TVs and conveniently located USB ports. This two-phase refurbishment project has already completed its first phase, with each floor and corridor renovated to showcase a new level of contemporary luxury.
The Radisson Blu Hotel Waterfront, Cape Town (https://apo-opa.co/3Kvyebp) has announced its highly-anticipated refurbishment plans, reaffirming its commitment to offering guests world-class furnishings and contemporary interior design. Phase one is set to be completed by September 2024, with public Atrium and bedroom renovations expected in July 2024. An expert team of local and international designers has meticulously reviewed and handpicked the design, artwork, fabrics, and raw materials, ensuring an enhanced and stylish hospitality experience.
Rebranding of Park Inn Foreshore to Radisson Hotel Cape Town Foreshore:
In April, Radisson announced the rebranding of Park Inn Cape Town Foreshore to Radisson Hotel Cape Town Foreshore (https://apo-opa.co/3yVxYzK). This rebranding brings the renowned Radisson brand to South Africa's ‘Mother City'. Following an eight-month renovation, Radisson Hotel Cape Town Foreshore's120 rooms now boast a fresh and modern decor that creates a relaxing environment for guests as well as magnificent views of the prominent Table Mountain and the city center. The hotel now hosts South Africa's first Filini restaurant, offering fresh, simple, and delicious Italian-style cuisine with an interactive open-plan kitchen setting. Additionally, the vibrant Harald's Rooftop Bar & Terrace provides an ideal spot to unwind with uninterrupted views of Table Mountain and the cityscape, complete with a perfectly positioned plunge pool for a complete rooftop experience.
“These significant updates to our South African portfolio reaffirm our unwavering commitment to delivering exceptional hospitality experiences across the country. Our ongoing growth in the region underscore our position as a leading force in the South African hospitality industry. This is just the beginning of a series of exciting announcements for our South African portfolio and the unmatched experiences guests can expect from our hotels,” concluded Sandra Kneubuhler, Country Director of Sales and District Director, South Africa at Radisson Hotel Group.
Distributed by APO Group on behalf of Radisson Hotel Group.
Connect with Radisson Hotels on:
LinkedIn: https://apo-opa.co/3KrNeHc
Instagram: https://apo-opa.co/3Ku07R3
Twitter: https://apo-opa.co/4aNzAJg
Facebook: https://apo-opa.co/45hQsH2
YouTube: https://apo-opa.co/3Vq1zu6
TikTok: https://apo-opa.co/45hQuPa
About Radisson Hotel Group:
Radisson Hotel Group is an international hotel group, operating in EMEA and APAC with over 1,350 hotels in operation and under development in +95 countries. The international hotel group is rapidly expanding with a plan to significantly grow the portfolio. The Group's overarching brand promise is Every Moment Matters with a signature Yes I Can! service ethos.
The Radisson family of brands portfolio includes Radisson Collection, art'otel, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson, and prizeotel brought together under one commercial umbrella brand Radisson Hotels.
Radisson Rewards (https://apo-opa.co/3Vu87Ij) is Radisson Hotel Group's loyalty program, which delivers an elevated experience that makes Every Moment Matter. As the most streamlined program in the sector, members enjoy exceptional advantages and can access their benefits from day one across a wide range of hotels in Europe, Middle East, Africa, and Asia Pacific.
Radisson Meetings (https://apo-opa.co/4aU1nHY) provides tailored solutions for any event or meeting, including hybrid solutions placing guests and their needs at the heart of its offer. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and being uniquely 100% Carbon Neutral.
At Radisson Hotel Group we care for people, communities and planet (https://apo-opa.co/45hQA9u) and aim to be Net Zero by 2050 based on the approved near-term Science Based Targets. With unique solutions such as 100% carbon neutral Radisson Meetings, we make sustainable hotel stays easy. To facilitate sustainable travel choices, all our hotels are becoming verified on Hotel Sustainability Basics.
The health and safety of guests and team members remain a top priority for Radisson Hotel Group. All properties across the Group's portfolio are subject to health and safety requirements, ensuring we always care for our guests and team members.
For more information, visit our corporate website (https://apo-opa.co/45hQC16).
The key to banking value: Accessible benefits that encourage positive financial behaviour
In recent years, ‘value’ has become a buzzword in banking circles across the globe and many banks are searching for innovative ways to deliver meaningful value to their clients. Against this backdrop, Nedbank Premium Banking is setting a new standard by prioritising accessible value and promoting positive money management behaviour to empower clients to achieve …
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Unmatched Quality and Variety: Lou Appel’s Auto Spares and Their Comprehensive Engine Collection
Lou Appel’s Auto Spares is not just a name; it’s a promise of quality, reliability, and exceptional service in the automotive industry. Known for their vast inventory of high-quality engines, they cater to various car brands, ensuring that every customer finds the perfect match for their vehicle. Let’s dive deeper into some of the popular …
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Find Your Perfect Match: Personal Care and Fitness Deals at RS Imports
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Discover Unmatched Deals on Premium Electronics with RS Imports
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Elevate Your Entertainment Experience with RS Imports
Step into the world of exceptional audio and visual electronics at RS Imports, where quality meets affordability in every product. Whether you’re outfitting your home, car, or personal space, RS Imports provides premium Bluetooth speakers for sale, high-definition TVs, and more—all at prices that won’t break the bank. Transform Your Listening with High-Quality Audio …
Pamper your fur babies with The Crazy Store
Pamper your fur babies with The Crazy Store Our pet promotion features beds, blankets, grooming products and more! If you treat your pets like they’re your children – you’re our kind of people. As their paw-rent, you have to make sure you have blankets to keep them cosy, toys to keep them occupied and treats …
Phaahla reassures healthcare workers things will improve as NHI becomes law
Phaahla reassures healthcare workers things will improve as NHI becomes law
Health Minister, Dr Joe Phaahla, has urged healthcare workers not to be swayed by fearmongers pushing for emigration from South Africa due to the National Health Insurance (NHI).
“Don’t listen to doomsayers and the scaremongers who are telling you that things are going to collapse and [you] must leave now that the President has [signed the Bill], [and you must] find the first flight [out of the country]. Stay here. Things are going to get better.
“This is our only country. We’re going to make sure that what we have achieved in the last 30 years can only get better and not worse,” Phaahla told medical professionals.
Phaahla was speaking at the signing of the NHI Bill into law by President Cyril Ramaphosa at the Union Buildings on Wednesday.
READ | President Ramaphosa signs NHI Bill into law
He urged all citizens to collaborate with government and be part of the solutions to achieve a fair, just, and sustainable health system that caters to the health needs of all citizens, regardless of their location or socioeconomic status.
According to the Minister, inequities that characterise South Africa’s health system are unjustifiable and require fundamental overhauling to ensure equity and sustainability.
“Families have faced agonising decisions, having to choose between necessities and necessary medical care.
“This reality does not align with the vision we hold for South Africa, where every citizen should enjoy their life to the fullest potential,” said the Minister.
Phaahla described the signing of the Bill as a historic milestone, which paves the way for government to forge ahead with universal health coverage (UHC).
WATCH |
The Minister is of the view that the law was not just a policy but also a promise.
“This is a promise of a better, healthier future for every South African, affirming that the long wait has indeed been worth it.”
This new law, according to Phaahla, is derived from the National Development Plan (NDP) and will usher in free comprehensive healthcare services at the point of use.
“Thank you very much Mr President for convening us here at the citadel of power [the Union Buildings] in our country after you found the most valued pen in the history of South Africa. I’m sure it’s going to be kept in the museum,” the Minister quipped.
READ | Somebody give me a pen! - President
Phaahla told the attendees that the vision dates as far back as 1942 under the leadership of ANC President Dr AB Xuma.
“Even at that time, they already had an outline of the type of NHI that South Africa must adopt. One of the clauses of the document called for ‘the establishment of free medical and health services for all sections of the population’,” he explained.
He also quoted another clause, which called for a “drastic overhauling of the health services of the country, with an emphasis on preventive medicine”.
“We are happy that after many years of policy discussions and five years of the NHI Bill in Parliament, the National Health Insurance has now reached the starting line,” he said.
Phaahla stated that the department will now begin implementation and create mechanisms for the use of resources available to the NHI Fund to meet the health needs of the population.
“We stand resolute and remain committed to realising a health system that ensures our people enjoy healthy and productive lives, spurred on to achieve their full potential in a more equitable South Africa.”
He believes that the signing of the Bill will add impetus to other efforts to close the inequality gap in the country.
Phaahla stated that with the Bill becoming an Act of Parliament, it would facilitate the establishment of crucial institutional and organisational structures of the NHI Fund, along with its governance arrangements.
“However, it is important for the public to note that the provisions of the NHI Act will be implemented in phases. Our intention has always been to have a rational, structured and phased approach implementation.”
Special Report | National Health Insurance: All you need to know
The Constitution empowers the President to set different dates for the effectiveness of various provisions within the Act.
Meanwhile, President Ramaphosa described the public signing of the NHI Bill into law as a pivotal moment and a milestone in South Africa’s ongoing quest for a more just society.
The Head of State strongly believes that financial hurdles facing the NHI can be navigated with careful planning, strategic resource allocation and a steadfast commitment to achieving equity.
The President also explained that the NHI Fund will procure services from public and private service providers to ensure all South Africans have access to quality healthcare. – SAnews.gov.za
Gabisile
Thu, 05/16/2024 - 13:18
105 views
Grade 11 School Boys Event in Qgeberha
The annual Grade 11 Male learners event for boys from various high schools in Gqeberha took place in the Hellenic Hall, Gqeberha on Tuesday 14 May 2024. Title sponsor, Vodacom, ensured that the learners with Vodacom phones all received 1 Gig of data to make their participation in a fun online event easier on the …
Riding the Wave: South Africa’s Financial Digital Revolution
GITEX Africa 2024 (www.GITEXAfrica.com), the continent's largest tech and startup exhibition scheduled from 29-31 May in Marrakech, Morocco, emerges as a pivotal platform for exploring the intersections of digital transformation, financial inclusion, and economic empowerment. As South Africa's banking of finance sector takes center stage in this global dialogue, the event promises to be a catalyst for innovation, collaboration, and growth.
In South Africa, digital transformation has become imperative across industries, and the financial sector is no exception. From the convenience of online banking to mobile payment solutions, banks are leveraging digital technologies to enhance efficiency, improve customer experience, and expand access to financial services.
With a growing youth population favoring digital banking, financial institutions are investing in user-friendly mobile apps and online platforms to meet evolving customer preferences.
Banks Face Competition from Fintech and Innovative Platforms
These digital banking platforms provide users with convenient access to a wide range of financial services, including account management, payments, and lending, all through intuitive user-friendly mobile and online interfaces.
However, amidst this digital transformation, banks face stiff competition from a diverse array of players, including agile fintech startups and innovative tech-driven platforms. These disruptors offer innovative solutions that challenge traditional norms and cater to evolving customer needs.
South African fintech startups, recognized locally and globally, provide convenient digital banking services, investment platforms, and innovative lending solutions, drawing customers away from traditional banks with their agility and customer-centric approach. In 2021, South Africa boasted the highest number of fintech startups in the African region with 154 companies (https://apo-opa.co/3KjmVTL). As of May 2022, fintech startups in South Africa secured close to $US77 million (https://apo-opa.co/3ys79ms).
The fintech value chain encompasses a wide range of services including banking, infrastructure, crowdfunding, digital currencies, lending, payment, and regulation technology.
By facilitating dialogue, collaboration, and knowledge sharing, GITEX Africa accelerates the pace of digital transformation in the financial services sector, driving inclusive growth and economic empowerment across the African continent. Among the more than 35 esteemed speakers from South Africa include Lillian Barnard, President at Microsoft Africa; Zondwa Mandela from Mandela Legacy; and Chipo Mushwana, Executive of Emerging Innovation and Payments, Nedbank.
Major South African investment funds, unicorns, and start-ups fast-forwarding cross-continental progress at GITEX AFRICA 2024 include SAVANT, Zindi, and go1.
Lillian Barnard, President of Microsoft Africa, said: “Africa has long been recognised for its formidable growth prospects and AI is the long-awaited key to help unlock that potential.”
“The AI-powered innovation we're seeing today is poised to reinvent every aspect of society from healthcare to financial services, manufacturing and beyond. If Africa is to benefit from the paradigm shift currently sweeping the globe, we must make the promise of AI real for people and organisations across the continent – and do so responsibly.”
Hands-on Support Required for Startups
Bongani Sithole, CEO of Founders Factory Africa and a speaker at GITEX Africa outlines key challenges facing African startups: difficulties in finding product-market fit, hiring the right talent, maintaining company culture while expanding into new markets and securing funding.
Despite these challenges, Sithole highlights opportunities for startups to tap into, including the “development of new products and services to meet the needs of their growing customer base. This can lead to increased innovation and competitiveness.”
In terms of specific trends within the African startup ecosystem, Sithole says we can expect to see more mergers and acquisitions (M&As) continue this year, primarily driven by larger companies seeking to acquire earlier-stage companies. “M&As are strengthening the startup ecosystem by offering a guarantee of revenue and funding for founders.” Additionally, he notes the potential of AI applications to address societal challenges and drive economic growth.
As Africa's tech ecosystem evolves, he sees opportunities for cross-regional collaboration through initiatives like cross-border agreements for trade and talent, full implementation of the African Continental Free Trade Agreement (AfCFTA), fast-tracking of regulatory approvals.
Reflecting on lessons from leading African unicorns, he highlights the importance of solving societal problems and embracing failure as part of the startup journey. “Many successful founders are not first-time successes. Founders are encouraged to remain within the ecosystem even after failures to create potential unicorn by leveraging their experience.”
At GITEX Africa, Sithole aims to emphasize the importance of “hands-on support” for early-stage ventures beyond just capital. He also hopes to develop actionable steps to stimulate innovation and funding across Africa, advancing the tech and startup ecosystems.
Financial Inclusion and Economic Empowerment
Recognizing the significance of digital transformation, the South African government has taken proactive steps to promote financial inclusion and economic growth. In 2023, the National Treasury released a policy framework to broaden financial inclusion (https://apo-opa.co/4bff3OC), to achieve 90 percent banked status by 2030. This initiative highlights the government's commitment to leveraging digital technologies to drive socioeconomic development and create opportunities for all South Africans.
While progress has been significant, challenges persist, highlighting the need for targeted interventions to ensure equal access to financial services. As South Africa continues to ride the wave of digital finance, the possibilities are boundless. By embracing innovation and strengthening collaboration, the country is charting a journey toward a brighter and more equitable future for all.
Distributed by APO Group on behalf of GITEX Africa.
Media Contact:
Tayce Marchesi – PR Executive
Tel.: + 971 58 552 3994
Tayce.Marchesi@dwtc.com
On social media:
Facebook: https://apo-opa.co/3JwCSp0
Instagram: https://apo-opa.co/3Qjatqj
Twitter: https://apo-opa.co/3w8Pbom
LinkedIn: https://apo-opa.co/3QluZGW
Youtube: https://apo-opa.co/3UdDFAb
Hashtag: #GITEXAFRICA
Website: www.GITEXAfrica.com
About KAOUN International:
KAOUN International is the independent events company and wholly owned subsidiary of Dubai World Trade Centre (DWTC) established to organize and manage events internationally. Derived from the Arabic word ‘universe', KAOUN International's mission is to ‘Create Limitless Connections' for the industries and markets in which it operates. Created to leverage the 40-year legacy of DWTC's events management business and drive future MICE sector opportunity in the MENASA region. KAOUN International delivers game-changing live experiences that build robust business connections, create opportunity, and stimulate economic growth, building on DWTC's extensive portfolio of business and consumer events spanning multiple sectors, including technology, food and hospitality, sustainability, broadcast and satellite, automotive, talent development and leisure marine.
A Guide to Supplements and Diet Plans for Weight Loss
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Western Cape separatist loses complaint against Daily Maverick
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Government committed to resolve SA challenges
Government committed to resolve SA challenges
While government has made significant progress in improving the lives of its citizens in the past 30 years, President Cyril Ramaphosa has acknowledged that for millions of South Africans, the promise of 1994 has not yet translated into a meaningful change.
“That is why we must, and we will, continue to work in earnest to resolve the challenges that are holding back our progress,” the President said on Wednesday in Pretoria.
Addressing the launch of the 30 Year Review Report, he said there is room for improvement in growing the economy, addressing unemployment, poverty, inequality and underdevelopment.
The 30 Year Review Report reflects on the work the country has collectively undertaken to build a democratic, prosperous and free South Africa.
“We continue our efforts to overcome the energy crisis, to implement structural reforms to boost economic growth, to drive programmes that create more employment, and to improve the capacity of the state to deliver services,” Ramaphosa said.
He said the democratic breakthrough of 1994 represented both a decisive break with a painful past and an opportunity for South Africa to chart a new course.
WATCH | Launch of the of the 30 Years of Democracy Review Report in Pretoria
Strides made
“South Africa is a vastly different place compared to what it was 30 years ago. Guided by our Constitution and its Bill of Rights, successive democratic administrations have implemented progressive policies and programmes to uplift the material condition of all South Africans, particularly society’s most vulnerable,” the President said.
These policies have included the provision of basic services, housing, education, health care and social support.
“We have established a unitary, democratic state and created institutions to uphold democracy and promote accountability.
“We have an independent judiciary, a robust civil society, a free media and a clear separation of powers between the executive, legislative and judicial branches of government.
“We have advanced transformative policies to change the racial and gender composition of the economy and the workplace. We have implemented laws to protect workers and advance their rights.”
Government has restored land to many who had been dispossessed and has provided emerging farmers with the means to productively use their land.
Challenges
“South Africa today is a valued member of the international fellowship of nations. We pursue a progressive foreign policy rooted in advancing the African Agenda, in social justice and solidarity, and in support of multilateralism. Yet we know that still much more needs to be done.
“We are contending with slow economic growth, high unemployment, poverty, inequality and underdevelopment. What is made clear by this Review Report is that the task of consolidating our democratic gains is not just the responsibility of the state. It is a responsibility that we all share.
“Just as we stood together to overcome COVID-19, just as we have united to confront other crises, we can overcome this period of difficulty in the life of our nation together,” the President said.
He said government was to create a better South Africa, a transformed South Africa, a South Africa that leaves no-one behind.
“The story of 30 years of democracy contained in this report is an honest and critical appraisal. It presents both light and shade, both progress and challenges. It is a vital reference for anyone who wants to understand the last 30 years and for everyone who wants to look into our future.
“It is our hope and expectation that this Review Report will be studied in detail and that its findings will be applied. This 30 Year Review Report is much more than a chronicle of a changing nation.
"As we chart the path ahead for our democracy, we will look to this Report as a valuable instrument for transformation, progress and growth. Let us make this a living document that inspires, encourages and guides us as we continue to build a democratic, prosperous and free South Africa,” the President said. –SAnews.gov.za
nosihle
Wed, 05/08/2024 - 13:55
412 views
Winners of the Milken-Motsepe Prize in Green Energy Announced During Opening Session of Milken Institute Global Conference
Prize program awards Aftrak the $1 million Grand Prize to advance green energy in Africa; OMNIVAT awarded runner-up prize of $250,000; The organisations also launch a new FinTech Award in the next installation of the Prize program; winners will be selected in May 2025.
The Milken Institute (https://apo-opa.co/44yU0nF) and the Motsepe Foundation today announced the winners of the Milken-Motsepe Prize in Green Energy, a $2 million innovation competition to reward entrepreneurs working to expand access to reliable, affordable, and sustainable off-grid electricity in Africa. The winners were announced at the Milken Institute Global Conference in Los Angeles.
Aftrak (https://apo-opa.co/4bKg4OT), an initiative based out of the UK and Malawi, was awarded the $1 million Grand Prize for its easily assembled solar microgrid and custom-designed tractors, which have tripled agricultural yield, increased farmer incomes, and provided electricity to remote communities. The runner-up award of $250,000 was presented to South Africa-based OMNIVAT (www.OMNIVAT.Tech) for its containerized electricity generation and storage system, which provides clean water, clean energy, and Wi-Fi enriched by virtual reality support for remote communities.
The Milken-Motsepe Prize in Green Energy is the second in the Milken–Motsepe Innovation Prize Program, a series of multiyear, multimillion-dollar global innovation competitions and awards aimed at advancing technological progress toward the UN Sustainable Development Goals (SDGs). The first competition in this program, the Milken–Motsepe Prize in AgriTech, was launched in 2021, and focused on addressing the goals of no poverty and achieving zero hunger.
Rigorous Judging Process
After launching in November 2022, hundreds of entrepreneurs from 79 countries on six continents registered to compete for the Milken-Motsepe Prize in Green Energy, and 160 of those submitted technological design and business models. In June 2023, an independent panel of expert judges carefully selected 20 semi-finalists to receive $20,000 to develop and test their innovations.
Each of the teams underwent a rigorous, independent judging process, which assessed their innovation's potential to deliver 60 kilowatt hours of off-grid electricity in a 24-hour period using only sustainable sources. Five teams were then chosen to advance to the Finalist Round. Each team received an additional $70,000 and showcased their innovations in a live demonstration in partnership with Stellenbosch University in South Africa.
“Meeting the teams and witnessing their work and determination to solve one of the biggest challenges facing Africa was truly inspiring,” said Dr. Precious Moloi-Motsepe, co-founder and CEO of the Motsepe Foundation. “We congratulate the Green Energy winners and all the finalists. Your innovations show such promise, and we will be watching with pride as you bring your technologies to market.”
The third Milken-Motsepe Prize, focused on FinTech, launched at the 2024 Milken Institute Global Conference. The prize will award companies that demonstrate the use of cutting-edge technologies to expand access to capital and financial services for small businesses in emerging and frontier markets.
The Milken-Motsepe Prize in FinTech offers $2 million in prizes, with a $1 million Grand Prize for the winning company. Registration is open until August 6.
The transformative potential of FinTech lies in its capacity to empower individuals to start and grow a business, even in the most remote communities. By lowering transaction costs, streamlining processes, and expanding access to capital and financial services, FinTech can enable aspiring entrepreneurs to turn their ideas into reality. The Milken-Motsepe Prize in FinTech is designed to leverage the potential of FinTech solutions to break down barriers to financial inclusion and contribute to the achievement of key SDGs, including alleviating poverty (SDG 1), promoting human well-being (SDGs 3 and 4), achieving gender equality (SDG 5), and fostering viable economic opportunities for young people (SDGs 8 and 9).
Milken-Motsepe Innovation Prize Impact
“The impact of Milken-Motsepe Innovation Prizes goes well beyond the financial awards,” said Dr. Emily Musil Church, senior director, environmental and social innovation at the Milken Institute. “This is a global community of entrepreneurs who believe in imagining and building a better, more abundant, and sustainable world. Our role is to identify and support these bold entrepreneurs and to help accelerate their success.”
The Milken-Motsepe Innovation Prize Program is a program of MI Philanthropy (https://apo-opa.co/3JSwhFM), which aims to influence the deployment of philanthropic capital to create a better world. MI Philanthropy's work includes the Science Philanthropy Accelerator for Research and Collaboration (SPARC), which has, to date, influenced more than $2 billion in medical research funding.
Distributed by APO Group on behalf of The Milken-Motsepe Innovation Prize Program.
For more information about the winners and the Milken-Motsepe Innovation Prize Program, visit https://MilkenMotsepePrize.org/.
Notes to Editors:
For further information or to request interviews with the winners, please send requests or queries to the media contact below.
Media Contact:
Ima Peter
+27 11 268 6388
ima.peter@razorpr.co.za
About the Milken Institute:
The Milken Institute is a non-profit, nonpartisan think tank focused on accelerating measurable progress on the path to a meaningful life. With a focus on financial, physical, mental, and environmental health, we bring together the best ideas and innovative resourcing to develop blueprints for tackling some of our most critical global issues through the lens of what's pressing now and what's coming next. For more information, visit https://MilkenInstitute.org.
About the Motsepe Foundation:
The Motsepe Foundation was founded in 1999 by Dr. Patrice Motsepe and his wife, Dr. Precious Moloi-Motsepe. The goal of the Motsepe Foundation is to contribute towards eradicating poverty and to sustainably improve the living conditions and standards of living of poor, unemployed and marginalised people in South Africa, Africa, and the world. In January 2013, Dr. Patrice Motsepe and Dr. Precious Moloi-Motsepe joined the Giving Pledge, which was started by Warren Buffet and Bill and Melinda Gates. Dr. Patrice Motsepe and his wife committed to give half of their wealth to the poor and for philanthropic purposes during their lifetime and beyond.
CSA Announces International Inbound Fixtures For 2024/25 Season
JOHANNESBURG: Cricket South Africa (CSA) has today revealed an exciting schedule for the 2024/25 international home season. The Proteas Men...
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President Ramaphosa sets sights on five million EPWP jobs in next five years
President Ramaphosa sets sights on five million EPWP jobs in next five years
President Cyril Ramaphosa believes that the Expanded Public Works Programme (EPWP) remains a critical policy instrument to tackle unemployment and reduce poverty as government grapples with high levels of joblessness.
The President has since pledged on behalf of government to improve the EPWP and to deliver five million work opportunities in the next five years.
President Ramaphosa was speaking on Tuesday at the 20-Year celebration of the EPWP and launch of Phase 5 of the programme in Buffalo City Municipality, Eastern Cape.
The President painted the EPWP as a success story that has empowered communities to address local needs and build resilience.
The country’s commander-in-chief said since 2004, the programme has created more than 14 million work opportunities across the EPWP sectors, with more than 300 public bodies across all spheres of government and non-profit organisations (NGOs) as implementing agents.
WATCH |
“The EPWP is changing lives and transforming communities, and the evidence is there for all to see,” President Ramaphosa told the crowd.
Through the EPWP infrastructure projects, President Ramaphosa said Welisizwe Rural Bridges are constructed and maintained to create better access to markets, schools and clinics.
READ | Zikalala announces construction of over 100 Welisizwe bridges
Beneficiaries include those cleaning streets and beaches, and those involved in Early Childhood Development (ECD), community home-based care, school feeding and community crime prevention.
According to the President, some of the beneficiaries have gone on to be trained as emergency response personnel in the South African Police (SAPS) and even qualified as pilots.
While there are many achievements, President Ramaphosa urged government to use the 20-year milestone as a springboard for even greater achievements in the years to come.
“We must build not only on lessons from the EPWP but also from the Presidential Employment Stimulus, which has, over the last few years, demonstrated that public employment can go to significantly greater levels of scale.”
However, he acknowledged that the quality of work experience and service delivered to the communities needed to be improved.
According to the President, government also needs to mobilise the nation behind a revitalised portfolio of public employment programmes.
This, he said, will include urgent service delivery priorities such as road upgrading through pothole patching and block paving, and infrastructure maintenance.
VIEW | Celebration of 20 years of the EPWP
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The President is of the view that public employment can also assist in tackling social challenges, such as gender-based violence (GBV) and substance abuse.
The programme will also support tackling clean energy installation and catchment management to improve water quality and limit the risks of floods.
President Ramaphosa said it could also help in the digitisation of public records and give young people a first step into this growing sector of the economy.
Deepening youth participation
The President believes that the EPWP Phase 5 will rise to the challenge by increasing youth participation and strengthening skills development.
“As we enter this new phase, we must reiterate that there can be no space for corruption, nepotism or favouritism. Effective and fair recruitment practices must be applied.”
He called on social partners and the private sector to work with the State during Phase 5 to lend a hand in creating jobs and work opportunities for South Africa’s youth, women and people with disabilities.
“Working together through public and social employment programmes and by providing support for small enterprises and cooperatives, we can create more jobs at a much faster pace while improving the delivery of basic services.”
The President has vowed to continue to expand public employment through the EPWP, the Presidential Employment Stimulus, the National Youth Service, and others.
In addition, he stated that government will assist civil society organisations that are creating work opportunities.
The Head of State also promised to back entrepreneurship and job creation by increasing support for small enterprises and cooperatives in townships and villages.
“We will continue to prioritise young people in public employment programmes, in work-based learning programmes, in artisan training and entrepreneurship programmes.”
He assured the young South African men and women that government will not leave them behind.
“We are determined to reach you, one and all, to help you and to support you. This is the promise of democracy and freedom,” he said. – SAnews.gov.za
Gabisile
Wed, 04/24/2024 - 14:17
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