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IAE 2025 to Highlight Growth Opportunities in Africa’s Downstream Supply Chain

Location: Business
Energy Capital & Power

The upcoming Invest in African Energy (IAE) 2025 Forum will host a high-level panel – Downstream Beneficiation: Supply Chain Development for Optimal Performance – as the continent aims to enhance energy security, reduce import dependence and maximize the value of its natural resources. The session will explore how the expansion of Africa's downstream sector can strengthen supply chains, enhance refining capacity and drive sustainable economic growth through infrastructure investment and strategic partnerships.

As Africa's energy landscape evolves, optimizing downstream operations is critical to unlocking the full potential of the continent's natural resources. This session will focus on closing the infrastructure finance gap by addressing key challenges such as upgrading refineries, expanding storage and distribution networks, and developing service stations, bottling plants and transport fleets. Panelists will also examine the role of strategic hubs – such as Egypt's petrochemical industry, Equatorial Guinea's Gas Mega Hub and Algeria's emerging green hydrogen sector – in bolstering Africa's supply chain efficiency, along with key regional projects like the Central African Pipeline System and the Lobito Corridor linking Angola, Zambia and the Democratic Republic of Congo.

IAE 2025 (https://apo-opa.co/43FPXaT) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Moderated by James Gooder, VP Crude, Argus Media, the panel will feature industry leaders offering key insights into Africa's downstream sector. Speakers include Anibor Kragha, Executive Secretary, African Refiners & Distributors Association; Tarik Berair, Commercial Development Manager, Technip Energies; Fernando Covas, Executive Director, S&P Global Commodity Insights; James Bullen, Head of Downstream, Petredec and Michael Kelly, Chief Advocacy Officer, World Liquid Gas Association. 

Africa's downstream investment climate is undergoing significant transformation, with several major projects driving the sector's growth including Nigeria's 650,000-bpd Dangote Refinery, Angola's 200,000-bpd Lobito and 100,000-bpd Soyo refineries, and Algeria's 100,000-bpd Hassi Messaoud Refinery. Despite recent refinery closures, South Africa also maintains a well-developed fuel distribution network, retail stations and petrochemical production, while Mozambique is emerging as a key LNG hub, with the Coral South FLNG project already operational and the Rovuma LNG and Mozambique LNG projects currently under development.

Despite these advancements, challenges remain in securing adequate financing for infrastructure upgrades and supply chain expansion. Addressing these gaps will require coordinated efforts from governments, private investors and industry stakeholders to develop resilient and efficient downstream operations. The IAE 2025 downstream panel will provide a platform for stakeholders to discuss actionable strategies that ensure Africa's energy sector remains competitive, sustainable and responsive to global demand.

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

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Government to launch R500m spaza shop support fund

Location: News

Government to launch R500m spaza shop support fund

Trade, Industry and Competition Minister Parks Tau and the Minister of Small Business Development, Stella Tembisa Ndabeni, will next Tuesday officially launch the R500 million Spaza Shop Support Fund, an initiative which was first announced by President Cyril Ramaphosa in November 2024.

The fund, which will be jointly administered by the National Empowerment Fund (NEF) and the Small Enterprise Development Finance Agency (SEFDA), provides critical financial and non-financial support to township businesses, including community convenience stores and spaza shops.

The aim of the fund is to support South African owned township community convenience shops, including spaza shops, in order to increase their participation in the townships and rural areas’ retail trade sector.

“The opening of the applications for the fund marks another milestones in government’s efforts to stimulate the growth of the rural and township economy in the country, particularly by providing the necessary support to the convenience stores and spaza shops that are based in the townships and rural areas. 

“Government recognises the important role that small businesses, including those operating in the rural areas and townships, can play in creating jobs, growing our economy and alleviating poverty,” Ndabeni said.

The fund provides various types of support including the initial purchase of stock via delivery channel partners, upgrading of building infrastructure, systems, refrigeration, shelving and security, as well as training programmes which includes Point of Sale devices, business skills, digital literacy, credit health, food safety and business compliance.

Tau pointed out that the fund does not only support economic inclusion but also aligns with national priorities to formalise informal sectors, safeguard consumers and promote local production and said it is a holistic approach to revitalising township economies.

“Beyond individual support, the fund seeks to bolster the broader supply chain by fostering partnerships with local manufacturers, black industrialists and wholesalers. 

“Through bulk purchasing arrangements and the promotion of locally produced goods, spaza shops will benefit from reduced costs and increased access to quality products,” Tau said. – SAnews.gov.za

Edwin
Thu, 04/03/2025 - 10:31
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Relief at the pumps as fuel prices set to come down

Location: News

Relief at the pumps as fuel prices set to come down

Motorists will breathe a sigh of relief from Wednesday as fuel prices are set to come down.

The fuel price adjustments – which will bring much needed financial relief to consumers – were announced by the Department of Mineral and Petroleum Resources, on Tuesday.

The price adjustments for fuel, paraffin and gas are as follows:

•    Petrol 93 (ULP & LRP): 58 cent decrease.
•    Petrol 95 (ULP &LRP): 72 cent decrease.
•    Diesel (0.05% sulphur: 83 cent decrease.
•    Diesel (0.005% sulphur): 85 cent decrease.
•    Illuminating Paraffin (wholesale): 81 cent decrease.
•    Single Maximum National Retail Price for illuminating paraffin: R1.14 decrease.
•    Maximum LPGas Retail Price: 79 cent decrease

A litre of 95 petrol, which currently costs R22.34 in Gauteng, will now cost R21.62 a litre as of Wednesday.

At the coast, a litre of 95 petrol, which costs R21.55 in March, will now cost R20.79 a litre in April.

“The average Brent Crude oil price decreased from 74.89 US Dollars [USD] to 71.04 USD during the period under review. The main contributing factors are the continued supply from non-OPEC countries as well as anticipated increase in supply, though moderate, from OPEC + producers in April 2025.

“The average international petroleum product prices followed the decreasing trend of crude oil prices. This led to lower contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 66.36 cents per litre (c/l), 80.10 c/l and 72.07 c/l respectively,” the department said.

The strengthening of the Rand against the USD also played a role in the decreased prices.

“The Rand appreciated on average, against the USD from 18.50 to 18.30 Rand per USD during the period under review when compared to the previous one. 

“This led to lower contributions to the Basic Fuel Prices of petrol, diesel and Illuminating Paraffin by 11.72 c/l, 12.42 c/l and 12.24 c/l respectively,” the department noted. – SAnews.gov.za

 

NeoB
Tue, 04/01/2025 - 14:26
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Stakeholders commit to improved water services for all 

Location: News

Stakeholders commit to improved water services for all 

Stakeholders in the water sector have committed to collaborative efforts to implement tangible plans and reforms outlined at the recent Water and Sanitation Indaba aimed at improving water security and services for all citizens.

This pledge was made on the final day of the two-day Water and Sanitation Indaba, held at the Gallagher Convention Centre in Midrand, Johannesburg, from 27-28 March 2025.

At the Indaba, stakeholders including government representatives, agreed to work together and hold each other accountable for their actions and commitments. Stakeholders also agreed to increase investment in water research and development as well as technological transfer.

They also agreed to recognise the existing body of knowledge including indigenous systems as well as promote the inclusion of women, youth, and people with disabilities in the water and sanitation sector.

Several key resolutions were also made during the event, including a commitment by the Department of Water and Sanitation (DWS) to finalise the establishment of the National Water Resource Infrastructure Agency by mid-2026, and the creation of Catchment Management Agencies, set to be completed by July 2025.

The Water Service Authorities (WSAs) pledged to adopt a utility model for water and sanitation to ensure operational efficiency while maintaining municipal ownership, to be implemented within three years.

A utility can be a ring-fenced internal department, municipal entity, water board, special purpose vehicle, or concession, amongst other options.

Additionally, the South African Local Government Association (SALGA), in collaboration with the Departments of Co-operative Governance and Traditional Affairs (CoGTA) and DWS, committed to implement a coordinated Municipal Systems Act Section 78 consultative process, according to the timeframes in the plan. This process will facilitate the appointment of capable Water Service Providers (WSPs). This should lead to the appointment of capable Water Service Providers (WSPs).

In line with good governance and legal compliance, it was resolved that all WSAs must separate their WSA and WSP functions, accounting for them independently within one year. Resolutions on this matter should be presented to Council within three months.

The metropolitan municipalities were also tasked to implement the Reform of Metropolitan Trading Services Programme. This includes establishing or appointing ring-fenced, professionally managed utilities, either internal or external, for water and sanitation services within two years, with support from National Treasury and relevant departments.

Stakeholders also agreed that COGTA should review the current local government structure including the appropriateness of the two-tier system, followed by the review of the allocation of WSA status to municipalities.

Furthermore, the DWS committed to finalise the amendments to the Water Services Act for tabling to Parliament by May 2025.

“Following this, [the] DWS [is] to put in place an operating licensing system for Water Services Providers by June 2026. DWS to provide guidance to WSAs on the different options for external WSPs, on request from April 2025, and to issue guidelines on the roles and functions of WSAs versus WSPs by April 2025.

“[The] DWS and AWSISA [Association of Water and Sanitation Institutions of South Africa] to develop a plan for building Water Boards’ capacity and readiness to provide a retail WSP function to WSAs if requested, informed by a capacity assessment of the Water Boards, by end July 2025,” the declaration read.

Non-revenue water programmes 

Meanwhile, all WSAs and WSPs that have not yet established non-revenue water programmes, will be required to have these in place by May 2025.

These programmes should cover:

•    Budgets for maintenance and for reducing leaks in water distribution systems;
•    Ensuring that all reported leaks are fixed quickly;
•    Closing illegal water connections; 
•    Replacing old leaking pipes, including asbestos pipes (which are a danger to health);
•    Improving management of water systems (through pressure management for example); and
•    Strengthening metering, billing, and revenue collection, including ensuring that billing systems are accurate.

All WSAs that have not yet ring-fenced revenues from the sale of water for the water function, will be required to bring resolutions to their Councils within six months.  The DWS will facilitate provincial workshops with all WSAs in each province to develop a common understanding of "ring-fencing."

“All WSAs to review their indigent registers and ensure the provision of free basic water to the indigent within two years. All other water users to be billed and revenue to be collected from all other users. DWS and the Water Partnerships Office to develop Green and Blue Bond financing mechanisms with the private sector, for implementation by Catchment Management Agencies and WSAs, starting immediately.”

In his weekly newsletter on Monday, President Cyril Ramaphosa said a well-functioning water and sanitation sector is not only a constitutional right and a pillar of development, but also a crucial factor in driving economic growth and job creation.

READ | Water and sanitation sector is a key cog in economic growth 

President Ramaphosa underscored the importance of efficient water management in boosting investor confidence and ensuring sustainable development. – SAnews.gov.za
 

GabiK
Mon, 03/31/2025 - 14:41
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Gautrain looks to adapt to evolving ridership environment

Location: News

Gautrain looks to adapt to evolving ridership environment

In response to the changing ridership patterns post-COVID-19, the Gautrain is identifying underserved customer groups and their specific needs and will be adapting its products and services to make travel more accessible for a diverse range of passengers.

The pandemic drastically and permanently altered the transit industry. Former frequent commuters continue to work from home in hybrid or remote positions. 

“The days of a predictable 9-to-5, Monday through Friday commute are over. Passengers are demanding that we run a frequent service throughout the day and offer dynamic pricing to suit their hybrid work schedules. And with the rising cost of living, cost is increasingly becoming the sole determinant when choosing a mode of transport,” Gautrain Management Agency CEO, Tshepo Kgobe, said on Thursday.

Across the world, rail operators continue to adjust to changing ridership patterns by adapting their service offerings accordingly.

The Gautrain recently commissioned a brand study, which found that the rapid rail link has maintained its brand positioning as a safe, efficient, clean, and convenient service. 

However, there is an indication that the brand is perceived as inaccessible to some market segments. 

“This presents an opportunity to respond innovatively to changing customer needs, preferences and patterns,” Kgobe said.

In November 2023, the Gautrain kick-started the process to appoint a new delivery partner who will operate, maintain, modernise, innovate, and upgrade the Gautrain system when the current Gautrain concession agreement comes to an end in March 2026. 

“A new Public-Private Partnership agreement presents an opportunity to rethink the Gautrain business model, ensuring financial sustainability and operational excellence. Under the new agreement, we will be able to consider a range of fare policies and pricing incentives, introduce products and services that address the needs of a diverse range of passengers, and advance equity in transportation.

“Public transport systems such as the Gautrain should indeed be inclusive, ensuring accessibility and ease of movement for diverse market segments. We are resilient and adaptable, this is an opportune time to rethink, redesign, renew, and build on a highly functional, world-class system,” the CEO said.

Gauteng, South Africa's most populous province, faces significant road congestion due to high traffic volumes and a rapidly growing population, impacting economic activity and daily commutes. 

Kgobe said the rapid rail extensions from current Gautrain stations, mostly in the suburbs, to other economic nodes and townships like Soweto and Mamelodi, will significantly increase the customer base, boost ridership, and enable inclusive transport connectivity.

“As part of the diversification strategy, we have already introduced vehicle licensing services at Gautrain stations, and we will be transforming Gautrain stations into hubs for business, retail, and social activities. 

“Gauteng, with its diverse attractions, is also an entertainment playground, so we are striving to position the Gautrain as the mobility of choice for large-scale social, sport and lifestyle events, and places of fun and entertainment,” he said. - SAnews.gov.za

nosihle
Thu, 03/27/2025 - 13:28
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SA-DRC to hold diplomatic consultations

Location: News

SA-DRC to hold diplomatic consultations

The Minister of International Relations and Cooperation, Ronald Lamola, will hold political and diplomatic consultations with his counterpart from the Democratic Republic of the Congo (DRC), Thérèse Kayiwamba Wagner.

Kayiwamba serves as the Minister of Foreign Affairs, International Cooperation, and Francophonie for the DRC.

According to the Department of International Relations and Cooperation, the Ministers plan to review the bilateral cooperation between South Africa and the DRC, focusing on commitments made during the 12th Session of the South Africa-DRC Bi-National Commission (BNC) aimed at strengthening this cooperation.

The meeting will take place on Thursday, 27 March 2025, in Pretoria. 

Political ties between the two nations date back to 1997 when former President Nelson Mandela facilitated a meeting between the late President Désiré Kabila and Mobutu Sese Seko aboard a South African Navy ship in Pointe-Noire, Congo-Brazzaville. 

Formal bilateral relations between South Africa and the DRC were established in 1992. 

The department stated that these relationships are mainly conducted through the BNC, which was established in 2004.

The last session of the BNC took place in Kinshasa, DRC, on 6 July 2023. South Africa is scheduled to host the 13th session of the BNC.

“Since then, South Africa and the DRC have significantly strengthened their bilateral cooperation across various sectors, culminating in the signing of 38 bilateral agreements and Memoranda of Understanding.” 

These legal instruments cover a broad spectrum of areas, including agriculture, defence, trade and investment, health, policing, energy, public service and administration, cooperative governance, transport, diplomatic cooperation, and immigration.
Meanwhile, the department said South Africa has significant investments in the DRC and is the second largest source of imports for the country. 

“Many South African multinational companies have a large footprint in the country in several sectors, including, among others, infrastructure development, financial services, mining, construction and property development, retail, and so on,” the department added. – SAnews.gov.za

Gabisile
Wed, 03/26/2025 - 15:19
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Career guidance platform to assist SA’s youth 

Location: News

Career guidance platform to assist SA’s youth 

An online career guidance platform which will guide young people in making informed decisions about their careers with an objective of attracting top talent in South Africa’s retail sector has been launched.

The platform in South Africa’s third biggest economic sector was launched by Higher Education and Training Deputy Minister, Buti Manamela on Friday.

The online career guidance platform is an interactive digital resource aimed at providing career advice, skills development information, and learning pathways for youth and professionals in the wholesale and retail sector.

The platform was brought to the fore at the Wholesale and Retail Sector Education and Training Authority (W&RSETA) celebration of the accreditation of 41 Historically Disadvantaged Individuals (HDI) skills development training providers.

Held in Kempton Park, Johannesburg, the event underscored government’s ongoing commitment to equipping young people with the skills needed for economic development and transformation.

It also recognised the efforts of 41 Black skills development providers who have achieved accreditation from the Quality Council for Trades and Occupations (QCTO) to offer training in the retail industry.

As part of this initiative, W&RSETA has invested R10 million into a three-year project to support these providers, further promoting equal opportunities and sustainable livelihoods for those previously disadvantaged in the retail training landscape.

In his keynote address, Manamela commended the W&RSETA for demonstrating its commitment to career guidance, skills development, and economic transformation.

“As we look toward 2030, especially within the Medium-Term Development Plan lenses, we must continue strengthening partnerships between government, industry, and education institutions to ensure that every young South African has the tools and knowledge to succeed,” Manamela said.

W&RSETA Chairperson, Reggie Sibiya said:  “the W&RSETA is unapologetic about transforming the wholesale and retail sector.”

More information can be found on: https://retailcareers.wrseta.org.za/. – SAnews.gov.za

 

 

GabiK
Mon, 03/17/2025 - 11:37
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Access Bank’s Africa Trade Conference Ignites New Era of Intra-Africa Commerce

Location: Business
Access Bank PLC

Access Bank PLC (www.AccessBankPLC.com) successfully hosted the inaugural Africa Trade Conference in Cape Town, South Africa, bringing together industry leaders, policymakers, and trade experts to drive solutions for accelerating intra-African trade and unlocking the continent's economic potential. The conference tackled critical challenges, including limited access to capital, market information gaps, trust deficits between trading partners, and the urgent need for modernised trade infrastructure.

Roosevelt Ogbonna, Managing Director/CEO of Access Bank, delivered the opening remarks, setting the tone for discussions by highlighting the critical barriers hindering trade across Africa. He emphasised the urgent need for financial sector collaboration to facilitate seamless access to capital and foster a business environment where African enterprises can scale and compete globally.

“We must invest in the initiatives that ensure that we can bring businesses together, forge trust, and create the connections necessary for trade. In doing so, we must stamp out the narrative that 'Made in Africa' is inferior to any product made anywhere else in the world. We must buy Africa, be proud to wear Africa, and invest in Africa because that is what the continent needs to leap forward into the next generation,” Ogbonna stated.

With Africa's population projected to surge to 2.5 billion by 2050 from 1.2 billion, the African Continental Free Trade Area (AfCFTA) stands as the most significant free trade initiative since the formation of the World Trade Organisation. By fostering economic integration, AfCFTA has the potential to reshape trade dynamics across the continent, creating a unified market that enhances industrialisation, boosts employment, and strengthens Africa's global competitiveness. Recognising this transformative opportunity, H.E. Wamkele K. Mene, Secretary-General of AfCFTA, emphasised the urgency of fully implementing the agreement to unlock its immense benefits.

"The AfCFTA is not just a trade agreement; it is an instrument for Africa's industrialisation and economic sovereignty. It is a tool that will enable us to break down historic trade barriers and build an Africa that is self-sufficient, competitive, and prosperous. But for this to happen, we must commit to operationalising the agreement fully, ensuring that businesses, particularly SMEs and women-led enterprises, have access to the information, capital, and platforms they need to thrive,” Mene stated.

Also, Kanayo Awani, Executive Vice President of Afreximbank, emphasised the importance of financing mechanisms that support African businesses in their expansion across borders. She reaffirmed Afreximbank's commitment to championing trade finance solutions and infrastructure investments that will unlock Africa's trade potential.

“At Afreximbank, we understand that trade finance is the lifeblood of economic development. Without it, businesses cannot scale, industries cannot innovate, and Africa cannot fully realise its trade potential. This is why we have developed instruments such as the Pan-African Payment and Settlement System (PAPSS) to facilitate seamless transactions across borders, reducing reliance on foreign currencies and strengthening intra-African trade,” Awani remarked.

The conference featured an insightful testimonial from Nathalie Louat, Global Director at the IFC/World Bank Group, who pointed out the pivotal role of trade finance in enabling cross-border transactions and supporting financial inclusion. She underscored the long-standing partnership between IFC and Access Bank in fostering Africa's economic resilience.

Several high-level panel discussions explored strategies to overcome trade barriers and enhance market access through innovative solutions. Experts from leading institutions, including Deutsche Bank, Traydstream, OWP Partners, Fiducia International, and more, examined how infrastructure improvements, digital solutions, and policy harmonisation could drive economic growth and boost intra-African trade.

Dr. Marc Auboin from the World Trade Organization (WTO) shared key insights on how digital transformation is reshaping Africa's supply chain landscape, creating efficiency and unlocking new global market opportunities. Tanya Dos Santos-Ford from GIBS Business School also led a session on sustainable trade practices, emphasising the need for environmentally responsible economic growth strategies.

The event culminated in an awards ceremony recognising outstanding contributions to intra-African trade and economic transformation. Tradepass Commodities Limited (Ghana), Chemaf International FZE (DR Congo), and Harvest Group of Companies (Zambia) were honoured for their impact on SMEs and women-led trade enterprises. Bulkstream Limited (Kenya) and Electricidade de Moçambique (Mozambique) received awards for advancing intra-African trade, while Tennant Metals South Africa Pty Ltd was recognised as an Emerging Leader in Trade.

The International Finance Corporation (IFC) was awarded the Climate Finance Leadership Award, while Afreximbank received the Champion of Intra-African Trade Award. The African Development Bank (AfDB) and Africa Finance Corporation (AFC) were celebrated for their roles in economic transformation and infrastructure finance, respectively. The prestigious African Icon Award was presented to IHS Group, Dangote Industries Limited, and MTN Group Limited for their significant contributions to Africa's economic progress.

As the conference ended, Seyi Kumapayi, Executive Director, African Subsidiaries at Access Bank, reaffirmed the institution's commitment to supporting trade finance, fostering regional integration, and championing policies that create an enabling environment for businesses across Africa.

For inquiries:

Distributed by APO Group on behalf of Access Bank PLC.

About Access Bank PLC:
Access Bank PLC, a wholly owned subsidiary of Access Holdings PLC, is a leading full-service commercial bank operating through a network of more than 700 branches and service outlets spanning three continents, 24 countries and over 60 million customers. The Bank employs over 28,000 people in its operations in Africa and Europe, with representative offices in China, Lebanon, India, and the UAE.

Access Bank's parent company, Access Holdings PLC, has been listed on the Nigerian Stock Exchange since 1998 (now Nigerian Exchange (NGX)). The Bank is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise, proven risk management and capital management capabilities. The Bank services its various markets through three key business segments: Corporate and Investment Banking, Commercial Banking, and Retail Banking. The Bank has enjoyed what is Africa's most successful banking growth trajectory in the last 20 years, becoming one of the continent's largest retail banks.

As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible, and socially relevant, helping customers to access more and achieve their dreams.

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Africa Tech Festival Announces Leadership Council for 2025

Location: Business
Africa Tech Festival

Africa Tech Festival (www.AfricaTechFestival.com), the continent's leading platform for technology innovation and connectivity, is proud to announce the esteemed members of its Leadership Council for 2025. Comprising influential leaders from across Africa's technology, business, and investment sectors, the Leadership Council will play a pivotal role in shaping the festival's agenda, ensuring it remains at the forefront of industry trends, policy discussions, and digital transformation.

The Africa Tech Festival 2025 Leadership Council comprises of:

  • Brelotte Ba, Deputy CEO of Orange Middle East and Africa, Orange​
  • Antoinette Kwofie, Chief Financial Officer, MTN Ghana
  • Bunmi Adeleye, Chief Strategy Officer, Retail Supermarkets Nigeria (Shoprite Nigeria)
  • Charles Murito, Regional Director, Government Affairs & Public Affairs, Sub-Saharan Africa, Google​
  • Dido wa Kalonji, Chief Information Officer, First National Bank – Eswatini​
  • Faith Burn, Chief Information Officer, Eskom​
  • Nicolas Pompigne-Mognard, Founder and Chairman, APO Group​
  • Nina Triantis, Global Head Telecoms, Media and Technology, Client Coverage, Corporate and Investment Banking, Standard Bank​
  • Nomsa Chabeli, Group CEO, SABC​
  • Mary Mahuma, Chief Information Officer, Southern Africa, Philip Morris​
  • Philip Besiimire, CEO, Vodacom Tanzania​
  • President Ntuli, Managing Director, South Africa, Hewlett Packard Enterprise​
  • Ravi Bhat, Chief Technology and Solutions Officer, Microsoft Africa​
  • Ayanda Peta, Chief Information Security Officer, African Rainbow Minerals​
  • Richard Cazalet, Executive: Strategy and Transformation, Telkom SA​
  • Shamiela Letsoalo, Director: Public Affairs, Naspers Limited

Bringing together a wealth of expertise, the Leadership Council will provide strategic guidance to ensure Africa Tech Festival continues to address the most pressing issues and opportunities within Africa's digital economy. Their insights will help drive meaningful discussions on connectivity, AI, fintech, cybersecurity, cloud, and the future of digital infrastructure across Africa.

“Africa Tech Festival serves as a platform for connection, collaboration, and innovation across the continent,” said James Williams, Event Director of Africa Tech Festival. “With the guidance of our Leadership Council, we will continue to curate an event that drives impactful conversations, supports industry growth, and fosters Africa's position as a global technology leader.”

Distributed by APO Group on behalf of Africa Tech Festival.

Media Contact:
Tori Wilson
Senior Marketing Manager
tori.wilson@informa.com

About Africa Tech Festival 2025:
Now in its 28th edition, Africa Tech Festival 2025 will take place from 11 to 13 November 2025 at the Cape Town International Convention Centre (CTICC), bringing together over 15,000 technology leaders, policymakers, investors, startups, and visionaries. The festival encompasses four anchor events:

  • AfricaCom – The continent's largest telecoms and connectivity event
  • AfricaTech – The hub for technology, innovation, and enterprise growth
  • AfricaIgnite – Driving growth and impact in Africa's startup ecosystem
  • The AI Summit Cape Town – Where commercial AI comes to life

With over 500 speakers, 300 exhibitors, and multiple networking opportunities, Africa Tech Festival remains the largest and most influential tech event on the continent.

For more information about Africa Tech Festival 2025 and its Leadership Council, visit www.AfricaTechFestival.com.

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Cabinet welcomes GDP growth in fourth quarter of 2024

Location: News

Cabinet welcomes GDP growth in fourth quarter of 2024

The 0.6% increase in South Africa’s gross domestic product (GDP) in the fourth quarter of 2024 signals a recovery across the economy, says Minister in The Presidency, Khumbudzo Ntshavheni.

“Cabinet is confident that the increased focus and pace of delivery on economic structural reforms, improved service delivery and State capacity, and increased participation of the private sector will spur further growth of the economy in 2025 and beyond,” the Minister said during a post-Cabinet media briefing in Cape Town on Thursday.

According to Statistics South Africa (Stats SA), South Africa’s GDP increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024.

“The agriculture, forestry and fishing industry increased by 17.2%, contributing 0.4 of a percentage point to the positive GDP growth. This was primarily due to increased economic activities reported for field crops and animal products.

“The finance, real estate and business services industry increased by 1.1%, contributing 0.3 of a percentage point. Increased economic activities were reported for financial intermediation, real estate activities and other business services,” Stats SA said earlier this month.

The trade, catering and accommodation industry increased by 1.4%, contributing 0.2 of a percentage point. Increased economic activities were reported for wholesale trade, retail trade and motor trade.

Investments

Meanwhile, Cabinet welcomed the announcement by Microsoft South Africa that it will invest R5.5 billion in artificial intelligence (AI) infrastructure in the country. 

“This investment will strengthen South Africa’s position as a leading Artificial Intelligence hub on the African continent and builds Microsoft South Africa’s R20.4 billion investment over the past three years.

“Microsoft South Africa also announced their contribution to developing South Africa’s digital literacy by paying for technical certification for 50 000 individuals in high-demand digital skills.

“In further uplifting our investment profile, Indian car manufacturer, Mahindra, signed a memorandum of understanding (MoU) with South Africa’s Industrial Development Corporation (IDC) to explore the possibility of setting up a full-scale vehicle assembly plant in the country,” the Minister said.

Mahindra already has an assembly plant of Pik Up range of vehicles in Durban operated by AIH Logistics.

The company recently celebrated the production of their 25 000th locally assembled Pik Up vehicles [range of bakkies].

“Cabinet reminded every South African as direct shareholder in South Africa Incorporated (SA Inc.) of their vested interest in promoting our country as an investment destination in a globally competitive environment. We must continue to speak with one voice in defence of our national interest, our sovereignty and our constitutional democracy,” the Minister said. - SAnews.gov.za

nosihle
Thu, 03/13/2025 - 12:12
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Ecobank Côte D’Ivoire Launches West Africa’s First Gender Bond

Location: Business
Ecobank Transnational Incorporated

Ecobank Côte d'Ivoire, a subsidiary of Ecobank Transnational Incorporated (www.Ecobank.com), the leading Pan African Bank, takes a major step forward in its commitment to financial inclusion with the launch of the first Gender Bond in West Africa. This groundbreaking bond issuance, amounting to XOF 10 billion, aims to mobilize funding for women-owned and women-led businesses, reducing financing inequalities and fostering inclusive economic growth.

Named "Ellever Gender Bond 6.5% 2024-2029," this bond has been structured and arranged by EDC Investissement Corporation (EIC), Ecobank's Brokerage and Asset Management subsidiary. It marks Ecobank Côte d'Ivoire's second bond issuance after its initial fundraising in 2013. Aligned with international sustainable finance standards, the Gender Bond has received an independent second-party opinion from Morningstar Sustainalytics, ensuring compliance with global best practices in responsible investment.

Since its inception, the ELLEVER program has made a tangible impact on women entrepreneurship. In 2024, over 3,465 businesses registered, benefiting from XOF 13.25 billion in disbursed loans. However, access to financing remains a significant challenge for women entrepreneurs in West Africa, where less than 20% of women-led SMEs have access to adequate funding. Globally, Gender Bonds represented only USD 14.5 billion, accounting for just 1.5% of the sustainable bond market in 2023, underscoring the need to expand such initiatives.

According to Paul-Harry Aithnard, Managing Director of Ecobank Côte d'Ivoire, women's financial inclusion is a major economic priority. "This Gender Bond provides a tangible solution to the challenges faced by women entrepreneurs in West Africa. Today, women-led businesses are recognized for their resilience and performance, yet they remain significantly underfunded. Through this issuance, we reaffirm our commitment to building an ecosystem where women have full access to the financial resources they need to grow and succeed. This is a powerful tool to transform access to financing and sustainably accelerate the growth of women-led businesses."

The "Ellever Gender Bond 6.5% 2024-2029" offers investors and the public a unique opportunity to combine profitability with social impact. This five-year bond provides an attractive annual interest rate of 6.5% with a two-year capital repayment grace period. The total issuance of XOF 10 billion consists of one million securities with a nominal value of XOF 10,000 each.

All funds raised will be fully allocated to strengthening the ELLEVER program, financing initiatives led by women, and providing them with tailored financial and technical support. Roseline Abé, Chief Executive Officer of EDC Investissement Corporation, highlights the significance of this initiative: "We have structured this bond to be attractive to investors while delivering a strong impact on women's empowerment in Côte d'Ivoire. This is a unique opportunity to combine financial performance with social inclusion."

With this Gender Bond, Ecobank Côte d'Ivoire cements its leadership in sustainable finance and paves the way for greater economic inclusion. The bank's ambition goes beyond this issuance, as it envisions a long-term strategy to promote innovative and inclusive financial instruments.

Paul-Harry Aithnard concludes: "This issuance is just the beginning. We will continue to develop tailored solutions to enhance women's participation in the economy and encourage other financial institutions to follow this path."

Through this initiative, Ecobank Côte d'Ivoire is transforming access to finance and reaffirming its commitment to inclusive and sustainable development.

Distributed by APO Group on behalf of Ecobank Transnational Incorporated.

Media Contact:
Cynthia KOIDIO
Corporate Communications Manager
Ecobank Côte d'Ivoire
Email: ckoidio@ecobank.com
Tel : +2250787733729

About Ecobank Côte d'Ivoire:
Ecobank Côte d'Ivoire is a subsidiary of the Ecobank Group, the leading independent pan-African banking group, whose parent company is Ecobank Transnational Incorporated (ETI).

The Ecobank Group employs over 13,000 professionals, serving approximately 32 million customers across retail, commercial, and corporate banking sectors in 33 African countries. The Group also holds a banking license in France and maintains representative offices in Addis Ababa (Ethiopia), Johannesburg (South Africa), Beijing (China), London (United Kingdom), and Dubai (United Arab Emirates). Ecobank offers a comprehensive range of banking products, services, and solutions, including deposit accounts, cash management, advisory services, trading, securities brokerage, and wealth management. ETI is listed on multiple stock exchanges, including the Nigerian Stock Exchange (Lagos), the Ghana Stock Exchange (Accra), and the Bourse Régionale des Valeurs Mobilières (Abidjan).

For more information, visit www.Ecobank.com.

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Cape Town looking forward to hosting Cycle Tour

Location: News

Cape Town looking forward to hosting Cycle Tour

The Western Cape Government (WCG) will welcome over 30 000 cyclists for the Cape Town Cycle Tour set to take place on Sunday, 9 March 2025. 

This iconic event is a highlight of Cape Town and the Western Cape’s sporting calendar, attracting participants from across the country and around the world.

According to the WCG, major sporting events such as the Cape Town Cycle Tour bring many benefits to the province as international and domestic cyclists are expected to boost the already thriving tourism sector, which is critical to creating jobs. 

MEC of Cultural Affairs and Sport, Ricardo Mackenzie, who will also be taking part, said: “We welcome all cyclists to our province, and I am excited to see more and more people taking up cycling and living active and healthy lifestyles. Please be safe during the tour. All the best to the riders and the organisers. I look forward to seeing you out on the road.”

The Western Cape Department of Cultural Affairs and Sport supports major sporting events in the province as it encourages regular participation in sports, as well as playing an important role in the economy, from tourism, hospitality, and retail, to creating direct and indirect jobs.

Taking riders on a 109km route around the Cape Peninsula, the Cape Town Cycle Tour has been described as South Africa’s must-do cycling event.

Several Cape Town roads will be closed on Saturday and Sunday. – SAnews.gov.za
 

 

Gabisile
Tue, 03/04/2025 - 14:18
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Relief for consumers as fuel price set to drop

Location: News

Relief for consumers as fuel price set to drop

The Department of Mineral Resources and Energy has announced the adjustment of fuel prices with effect from 5 March 2025.

Based on current local and international factors, the fuel prices for March 2025 will be adjusted as follows:

  • Petrol 93 (ULP & LRP): 7 cents per litre (7.00 cents per litre (c/l)) decrease.
  • Petrol 95 (ULP &LRP): 7 cents per litre (7.00 c/l) decrease.
  • Diesel (0.05% sulphur): 17.5 cents per litre (17.50 c/l) decrease.
  • Diesel ((0.005% sulphur): 23.5 cents per litre (23.50 c/l) decrease.
  • Illuminating Paraffin (wholesale): 6 cents per litre (6.00 c/l) decrease.
  • SMNRP for IP: 8 cents per litre (8.00 c/l) decrease.
  • Maximum LP Gas Retail Price: 2 cents per kilogram (2.00c/kg) decrease.

“South Africa’s fuel prices are adjusted monthly, informed by international and local factors. International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including importation costs, e.g, shipping costs,” the department said in a statement.

One of the main reasons for the fuel price adjustments are due to the average Brent Crude oil price decreased from US$77.41 to US$74.89 during the period under review. The main contributing factors are the continued lower global demand and over supply from non-OPEC countries. 

Furthermore, the Russia/Ukraine ceasefire negotiations which could result in a possible increase in global supply of crude oil, said the department.

The average international petroleum product prices of petrol increased due to refinery shutdowns and maintenance in the US in preparation for the switching to summer fuel grade. 

The prices of diesel followed the decreasing trend of crude oil. 

“These factors led to higher contributions to the Basic Fuel Prices of petrol and illuminating paraffin by 6.92 c/l and 8.09 c/l respectively, and lower contributions to the Basic Fuel Prices of diesel by 7.66 c/l,” it said.

The Rand appreciated on average, against the US Dollar - from 18.73 to 18.50 Rand per US Dollar - during the period under review when compared to the previous one. This led to lower contributions to the Basic Fuel Prices of petrol, diesel and Illuminating Paraffin by 13.54 c/l, 14.45 c/l and 14.15 c/l respectively.

The department said the cumulative slate amounted to a positive balance of R2.29 billion for petrol and diesel of at the end of January 2025. 

“In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a slate levy remains unchanged at zero cents per litre in the price structures of petrol and diesel with effect from the 5th of March 2025.”

The Minister of Mineral and Petroleum Resources Gwede Mantashe with the concurrence of the Minister of Finance Enoch Godongwana approved an increase from 0.1 c/l to 1.0 c/l in the IP Tracer Dye Levy applicable to Diesel with effect from 06 March 2024 to 05 March 2025. 

The increase was temporary until 05 March 2025 and therefore IP Tracer Dye levy has been decreased to 0.5 c/l with effect from 05 March 2025. - SAnews.gov.za

Edwin
Tue, 03/04/2025 - 13:21
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GDP increases by 0.6% in Quarter 4 of 2024

Location: News

GDP increases by 0.6% in Quarter 4 of 2024

South Africa’s gross domestic product (GDP) increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024.

This is according to Statistics South Africa (Stats SA), which attributed the growth to, among others, an increase by 17.2% in the agriculture, forestry and fishing industry, which contributed 0.4 of a percentage point to the positive GDP growth. 

“This was primarily due to increased economic activities reported for field crops and animal products. The finance, real estate and business services industry increased by 1.1%, contributing 0.3 of a percentage point. Increased economic activities were reported for financial intermediation, real estate activities and other business services,” Stats SA said on Tuesday

The trade, catering and accommodation industry increased by 1.4%, contributing 0.2 of a percentage point. 

Increased economic activities were reported for wholesale trade, retail trade and motor trade.

“The transport, storage and communication industry decreased by 1.0%, contributing -0.1 of a percentage point. Decreased economic activities were reported for land transport and transport support services.

“The manufacturing industry decreased by 0.6%, contributing -0.1 of a percentage point. Six of the 10 manufacturing divisions reported negative growth rates. The largest negative contributions were reported for the basic iron and steel, non-ferrous metal products, metal products and machinery division and the motor vehicles, parts and accessories, and other transport equipment division,” Stats SA said.

General government services decreased by 0.5%. This was mainly due to decreased employment in national and provincial government and extra-budgetary institutions.

The electricity, gas and water industry decreased by 1.4%. This was largely due to decreases in electricity production and consumption.

The mining and quarrying industry decreased by 0.2%. Decreased economic activities were reported for manganese ore and iron ore.

Expenditure on GDP

As far as the expenditure on real GDP, it increased by 0.6% in the fourth quarter of 2024, following a decrease of 0.1% in the third quarter of 2024.

“Household final consumption expenditure (HFCE) increased by 1.0%, contributing 0.6 of a percentage point to the total growth. Positive growth rates were reported for semi-durable, durable and non-durable goods,” Stats SA said. 

The main positive contributors to the increase in HFCE were expenditures on clothing and footwear (4.4% and contributing 0.2 of a percentage point); food and non-alcoholic beverages (1.4% and contributing 0.2 of a percentage point); recreation and culture (2.5% and contributing 0.2 of a percentage point); furnishings, household equipment and maintenance (1.9% and contributing 0.1 of a percentage point); ‘other’ (0.9% and contributing 0.1 of a percentage point); health (1.2% and contributing 0.1 of a percentage point), and alcoholic beverages, tobacco and narcotics (1.4% and contributing 0.1 of a percentage point).

Stats SA said the negative contributors were expenditures on transport and restaurants and hotels.

“Final consumption expenditure by general government decreased by 0.8%, contributing -0.2 of a percentage point to the total growth. This was mainly driven by decreases in purchases of goods and services and compensation of employees.

“Gross fixed capital formation decreased by 0.7%, contributing -0.1 of a percentage point to the total growth. 

"The negative contributors to the decrease were residential buildings (-7.5% and contributing -0.9 of a percentage point), machinery and other equipment (-1.3% and contributing -0.5 of a percentage point) and non-residential buildings (-2.7% and contributing -0.2 of a percentage point),” Stats SA said.

There was a R16.4 billion drawdown of inventories (seasonally adjusted and annualised value).

Large decreases in two industries, namely mining and trade, catering and accommodation, contributed to the inventory drawdown.

“Net exports made a neutral contribution (0.0 percentage points) to expenditure on GDP. Exports of goods and services increased by 2.1%, largely influenced by increased trade in pearls, precious and semiprecious stones and precious metals, and chemical products

“Imports of goods and services increased by 2.0%, largely influenced by increased trade in vehicles and transport equipment excluding large aircraft; vegetable products; and machinery and electrical equipment,” Stats SA said. - SAnews.gov.za

nosihle
Tue, 03/04/2025 - 13:34
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Cape Town to host Cape Town Cycle Tour

Location: News

Cape Town to host Cape Town Cycle Tour

The Western Cape Government (WCG) will welcome over 30 000 cyclists for the Cape Town Cycle Tour set to take place on Sunday, 9 March 2025. 

This iconic event is a highlight of Cape Town and the Western Cape’s sporting calendar, attracting participants from across the country and around the world.

According to the WCG, major sporting events such as the Cape Town Cycle Tour bring many benefits to the province as international and domestic cyclists are expected to boost the already thriving tourism sector, which is critical to creating jobs. 

MEC of Cultural Affairs and Sport, Ricardo Mackenzie, who will also be taking part, said: “We welcome all cyclists to our province, and I am excited to see more and more people taking up cycling and living active and healthy lifestyles. Please be safe during the tour. All the best to the riders and the organisers. I look forward to seeing you out on the road.”

The Western Cape Department of Cultural Affairs and Sport supports major sporting events in the province as it encourages regular participation in sports, as well as playing an important role in the economy, from tourism, hospitality, and retail, to creating direct and indirect jobs.

Taking riders on a 109km route around the Cape Peninsula, the Cape Town Cycle Tour has been described as South Africa’s must-do cycling event.

Several Cape Town roads will be closed on Saturday and Sunday. – SAnews.gov.za
 

 

Gabisile
Tue, 03/04/2025 - 14:18
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Spaza shops who met registration deadline to receive support

Location: News

Spaza shops who met registration deadline to receive support

Spaza shop and food handling businesses that applied to register their businesses with their local municipalities but were awaiting their registration outcomes will not be penalised, Small Business Development Minister Stella Ndabeni said.

“We know the process had challenges, with many municipalities not having electronic business registration systems. All those that have applied are within their constitutional rights to do business but still await the registration outcomes will not be penalised. 

She revealed that only 60 out of the municipalities in the country had a digital registration system.

Additionally, 135 registration centres were visited to gain firsthand experience of the challenges. 

“We understand the difficulties and costs associated with becoming compliant and this is why over the next six months we will be supporting these spaza shops who applied but are not yet compliant with non-financial support to enable their successful registration and compliance,” the Minister said on Sunday.

Ndabeni was addressing media in Pretoria on the on Friday’s the spaza shop and food outlet registration deadline.
This as the deadline for registration was on Friday, 28 February 2025.

“This is the developmental approach to compliance we have adopted, offering assistance to those seeking to comply through training programs provided by our agency, the Small Enterprise Development and Finance Agency (SEDFA). We already have a spaza shop support programme that we are running including with the Wholesale and Retail SETA and others partners where we train spaza shops on inventory management and assist with essential equipment such as point-of-sale systems as well as financial support for stock. 

“This is our proof of concept which we will improve and scale going forward. We also have a range of other interventions and offerings to support township and rural enterprises, including asset assist, business infrastructure support, as well as wholesale and direct lending, as well as credit guarantees we offer to banks to get them to lend to township and rural enterprises,” the Minister explained.

She said that Friday’s deadline does not necessarily mean that the problems and challenges of compliance by spaza shops and food handling outlets are over.

“The aim of the registration drive was two-fold, to ensure compliance with all food safety standards and to rebuild a more competitive and compliant business in our country,” Ndabeni said.

Ndabeni said the registration of spaza shops is but one of the interventions in a multi-disciplinary approach to curbing foodborne illnesses.

Sunday marked exactly 107 days since President Cyril Ramaphosa announced the registration of all spaza shops and food handling outlets. The announcement came after several incidents of food poisoning and deaths related to foodborne illnesses that were reported in different parts of the country.

The initial 21 days registration period, which would have ended in December last year, was subsequently extended by the President to 28 February as part of accommodating all eligible businesses to comply with the directive. 

After the announcement by the President, through the National Joint Operational and Intelligence Structure (NATJOINTS), seven workstreams were established with the Department of Small Business Development (DSBD) leading the economic workstream focussing more on interventions to build capacity in township and rural spaza shops and food convenience stores. 

“We have supported the registration process which the Minister of COGTA [Cooperative Governance and Traditional Affairs] will speak to in the NATJOINT briefing in two weeks’ time,” she said. -SAnews.gov.za

 

Edwin
Sun, 03/02/2025 - 15:08
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All Beneficiaries Will Continue to Receive Social Grants Beyond the Deadline for Moving to Black Cards

Location: News

Republic of South Africa: The Parliament
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Having been briefed on the important matter of moving social grant recipients from the South African Social Security Agency's (SASSA's) Gold Cards to Postbank's Black Cards, the Portfolio Committee on Social Development and the Portfolio Committee on Communication and Digital Technologies welcomed an undertaking that all beneficiaries will continue to receive their grants beyond the new deadline of 20 March 2025.

However, those without Black Cards after the new deadline will only receive their grants at their nearest branches of the South African Post Office, because the Gold Card will be deactivated.

The committees both raised their serious concern about the way in which the project was conceptualised and managed from the start, saying that communication was inadequate. They also expressed displeasure about the inconvenience beneficiaries have suffered due to the long queues and slow services, calling on the Postbank to redouble its efforts to ensure that all beneficiaries are treated with dignity and are helped expeditiously.

The committees advised the Postbank and SASSA to work closely with the Government Communications and Information System to leverage its communication network and specialised competency.

To address the challenge of long queues, the committees called for the introduction of additional service points in the form of mobile offices in rural areas where beneficiaries will be assisted speedily, without relying solely on retail stores often located at big shopping centres and malls.

Lastly, the committees thanked social grant beneficiaries for their patience with the process, which was necessary to ensure the security of the cards used to access social grants.

Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

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Petrol, diesel and other fuels to increase from tomorrow

Location: News

Petrol, diesel and other fuels to increase from tomorrow

Consumers will need to dig deeper into their pockets this month as all grades of petrol, diesel, paraffin, and LP gas are expected to increase, starting tomorrow.

This is according to an announcement by the Department of Mineral and Petroleum Resources (DMPR) on Tuesday.

The price adjustments for fuel, paraffin and gas for February are as follows:

  • Petrol 93 (ULP & LRP): 82c increase.
  • Petrol 95 (ULP &LRP): 82c increase.
  • Diesel (0.05% sulphur): R1.05 increase.
  • Diesel (0.005% sulphur): R1.01 increase.
  • Illuminating Paraffin (wholesale): 97c increase.
  • Single Maximum National Retail Price for illuminating paraffin: R1.29 increase.
  • Maximum LPGas Retail Price: 42c increase.

The increase means a litre of petrol 95 ULP, which currently costs R21.59 a litre in Gauteng, will now cost R22.41 as of Wednesday.

The department explained that the increases result from several local and international factors.

“The average Brent Crude oil price increased from 72.78 US Dollars (USD) to 77.41 USD during the period under review. On the other hand, supply was affected by OPEC+ decision to delay production increase until April 2025 as well as new sanctions against Russia and Iran which could further constrain supply and result in higher freight rates.

“The average international petroleum product prices followed the increasing trend of crude oil while the prices of LPG increased because of higher freight cost amid the cold winter season in the Northern Hemisphere. These factors led to higher contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 46.06 c/l, 66.26 c/l and 58.64 cents per litre (c/l) respectively.

“The Rand depreciated on average, against the US Dollar (from 18.11 to 18.73 Rand per USD) during the period under review when compared to the previous one. This led to higher contributions to the Basic Fuel Prices of petrol, diesel and Illuminating Paraffin by 36.85 c/l, 39.58 c/l and 38.61 cents per litre (c/l) respectively,” the department said. – SAnews.gov.za

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Local designers to shine at SONA

Location: News

Local designers to shine at SONA

The spotlight will shine on South African fashion designers at this year’s State of the Nation Address (SONA).

While the all-important address is a platform for the President to outline the vision for South Africa for the year ahead, SONA also presents an opportunity to showcase local talent in the fashion industry. 

Invited guests and dignitaries dress to the nines to honour the auspicious occasion, with many choosing to dress in locally designed garments.

Proudly South African, the country’s official ‘buy local’ advocacy organisation, is leveraging this important moment on the national calendar by partnering with SONA to elevate and support South African industries, particularly the local fashion sector. 

Through the Local Fashion Police activation on the red carpet at SONA 2025, Proudly South African aims to highlight the role of local craftsmanship in economic growth and job creation. 

By showcasing the incredible talent of South African designers, this activation underscores the power of local procurement as a tool for fostering a sustainable and inclusive economy.

“SONA once again represents a pivotal opportunity to highlight the role of the local R-CTFL [Retail–Clothing, Textile, Footwear and Leather] sector in economic reformation.

“As the country works towards revitalising the economy, it is essential to showcase the innovation and creativity within our borders. Supporting local businesses, particularly in sectors like fashion, can drive job creation and foster sustainable growth,” said Eustace Mashimbye, the Chief Executive Officer for Proudly South African on Thursday.

The Local Fashion Police activation will see government officials and prominent figures walk the red carpet, proudly wearing locally made fashion to demonstrate their commitment to supporting South African designers and manufacturers. 

The "Local Fashion Police Officers” are Sello Medupe of Scalo; Palesa Mokubung of Mantsho; Otsile Sefolo of Otiz Seflo; writer Leonie Wagner and red-carpet MC Thami Dish. They will be on hand to celebrate those who choose to showcase local fashion, while also reminding influential figures who didn’t prioritise supporting local designers. 

This robust, interactive element aims to spark a nationwide conversation on the importance and impact of buying local.

“By focusing on local R-CTFL industries at SONA, Proudly South African reinforces the message that economic transformation begins the moment we wake up. 

“It’s not just about policy; it's about taking tangible steps to support and invest in South African businesses,” Proudly South African said in a statement.

Opportunity beyond policy

SONA, which will be held on Thursday, 6 February, remains one of the most critical moments in South Africa’s calendar, providing a stage for the President to communicate government strategies for addressing the country’s most pressing challenges -- poverty, inequality and unemployment. 

Beyond policy, SONA is a catalyst for action, offering a blueprint for unlocking the potential of South Africa’s industries and talents.

In this year’s address, President Cyril Ramaphosa will highlight last year's achievements and outline interventions for the coming financial year.

Buying locally, creates more job opportunities and strengthens the economy. It reflects the power of consumer purchasing decisions, contributing to the value chain and, in the bigger picture, the country’s economy. 

“It all starts with one single purchase from a local business, which then becomes a habit that then transforms into a lifestyle. 

“This “local is lekker” lifestyle sustains livelihoods, bolsters the economy, and decreases economic pressures on breadwinners and society as a whole,” said Proudly South African.

The red carpet activation will also be broadcast on Parliament TV and Proudly SA’s social media channels, providing a national platform for South Africans to engage with the movement toward economic reformation and local empowerment, one purchase at a time. – SAnews.gov.za

Edwin
Fri, 01/31/2025 - 07:52

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Durban reinforces its status as a premier holiday destination

Location: News

Durban reinforces its status as a premier holiday destination

Durban has yet again stamped its status as a premier holiday destination, with the city's tourism profile proving to be of great economic benefit to the local community. 

This week, the eThekwini Municipality announced the findings of a socio-economic assessment on the festive season’s impact on the city. 

The in-depth report, conducted by BDO South Africa, an independent accounting and consulting firm, highlighted the significant economic benefits generated during the 2024/25 festive season, which spanned from 1 December 2024 to 12 January 2025. 

According to the assessment, the 2024/25 festive season resulted in a staggering direct spend of R1.95 billion within eThekwini Municipality, showcasing a strong demand from both domestic and international visitors.

“The total economic contribution to the local economy was an impressive R4.83 billion, illustrating the multiplier effect of the tourism sector. The festive influx also contributed about R360 million in revenue to the government, further highlighting the important role tourism plays in local and national economies,” the municipality said. 

The city said this wave of tourism created or sustained approximately 8 716 jobs, offering vital employment opportunities for residents in various sectors, including hospitality, retail, transportation and entertainment. 

“The job creation underscores tourism’s role as a crucial pillar of the local economy, providing livelihoods and supporting families,” the municipality said. 

Over 800 000 visitors

The festive season has also attracted a total of 875 289 visitors to Durban, including 447 832 domestic overnight visitors, 33 577 foreign overnight visitors, and 393 880-day visitors. 

A survey of visitors revealed that 79% perceive Durban as a prime tourist destination. 

Visitors participated in various activities, with the top attractions being the city’s breathtaking beaches (73%), local eateries (69%), and shopping experiences (64%). 

Notably, 54% of visitors were drawn to uShaka Marine World, highlighting the city’s diverse offerings that cater to all ages and interests.

The economic impact assessment further acknowledged the significant contributions of major events held throughout the city, including Beach Paradise, Fact DBN Rocks, Anywhere In Your City and the uMgababa New Year Picnic, played a substantial role in attracting thousands of attendees, and contributed in driving the local economy during the 2024/25 festive season. 

“The festive season saw an average overall occupancy rate of 69%, with hotels reaching 72%, a notable increase from the previous year’s 70%. Peak occupancy rates reached 91% during the Christmas long weekend, illustrating the high demand and the city’s appeal as a festive getaway,” the municipality said. 

Looking ahead

The municipality said Durban’s tourism sector continues to demonstrate resilience and growth, with significant opportunities for future development. 

The municipality said the insights from the report will guide the city’s strategic initiatives to enhance visitor experiences and maximise economic benefits for communities. 

EThekwini Municipality Mayor, Cyril Xaba said the city remains fully committed to working with stakeholders to ensure the continued growth of the tourism sector.

Durban Tourism will also be implementing a series of impactful initiatives designed to accelerate tourism growth.

For more information, visit www.visitdurban.travel or follow Durban Tourism on social media platforms @DBNTourism. – SAnews.gov.za

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Thu, 01/30/2025 - 12:47

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Employment and Labour to recruit 10 000 inspector interns

Location: News

Employment and Labour to recruit 10 000 inspector interns

Employment and Labour Minister Nomakhosazana Meth has announced the recruitment of 10 000 inspector interns who will be recruited from end of January. 

The Minister was addressing the NEDLAC Annual Labour School taking place at Kievits Kroon, Pretoria. 

Noting the inadequate inspectorate capacity of the department, Minister Meth made an announcement of the intention to recruit 20 000 interns to bolster the inspectorate wing of the department so that all corners of the country are covered and ensure that employers are complying with labour legislation. 

“I am pleased to announce that the inspector advertisement for the first cohort of 10 000 interns will be published in the Public Service vacancy Circular on 31 January 2025. The remaining 10 000 will then be recruited next year. 

“The 20 000 additional labour inspectors will assist us to effectively reinforce the department’s institutional capacity to meet its mandate,” the Minister said. 

Minister Meth said the department aims to improve labour law compliance, especially in under-monitored sectors such as domestic work, agriculture, public sector and the informal economy and it looks forward to increased collaboration with unions and employer organisations in so doing.

“Our increased actions should serve as a deterrent toward wrongdoing hence the work of inspection and enforcement services of the department is critical in safeguarding workers' rights, ensuring compliance with labour laws and upholding fair practices.

“This priority speaks directly to the need for enhanced capacity in our labour inspectorate, ensuring that the protections afforded by our laws are implemented on the ground,” she said. 

Once more, the Minister highlighted that President Cyril Ramaphosa underscored the necessity of improving compliance rates in the labour market, which are essential to protecting workers and upholding their rights. 

While leading the Portfolio of Employment and Labour in the recent months, Meth said she has noted some areas of concern which she is prioritising. 

She cited the enforcement drive that the department has engaged in, in the past few months, with an increased drive of ensuring compliance with labour legislation. 

“The inspection work has continued to occupy the media space. Yes, we have been topical, and for all the right reasons, making some shockwaves in the hospitality, retail, agricultural sectors- just to mention a few after a relentless spate of coordinated national raids that saw us conducting numerous national high impact coordinated blitz inspections. 

“These inspections to ensure that employees are correctly paid; their conditions of employment are as per the Basic Conditions of Employment Act, and where we have found non-compliance, we have enforced the law with all might,” she said. – SAnews.gov.za

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Thu, 01/23/2025 - 10:59

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CPI increases in December

Location: News

CPI increases in December

Statistics South Africa (Stats SA) has recorded an increase in the Consumer Price Index (CPI), with data showing that inflation increased in December to 3%, from 2.9% in November 2024.

“At the end of each year, Statistics South Africa calculates the average inflation rate for the year. The average inflation for 2024 was 4.4%, down from the average of 6% in 2023,” Stats SA Chief Director, Patrick Kelly, said on Wednesday.

Inflation for food and non-alcoholic beverages ticked up to 2.5% from 2.3% in November.

Annual price increases for bread and cereal products was steady at 3.7%. Although prices dropped by 0.2% between November and December, a number of week based products showed monthly declines, including brown bread down 0.6%, macaroni 0.7% lower, instant noodles with a negative 2.2%, and cake flour with a 1.1% decrease.

The price index for meat softened by 0.4% in the 12 months to December, representing the lowest annual rate since May 2019 (-0.9%). Products that registered the largest annual declines included sausages (down 3.3%), pork (down 2.2%) and whole chicken (down 1.7%). Several products were more expensive, however, including beef extract (up 5.1%), bacon (up 4.8%) and ham (up 4.2%).

Hot beverages remains in the food and non-alcohol beverages category with the highest annual increase at 13.5%, up from November’s increase of 13.1%.

Instant coffee was 16.1% more expensive in December 2024 compared to December 2023.

“Housing rentals are measured every quarter. The annual rate for actual rentals was 2.8% in the fourth quarter of last year, down from 3.3% in the third quarter.

“Owners’ equivalent rent inflation decreased to 2.4% from 2.9% over the same period. These declines pulled an overall rate for housing and utilities category down to 4.4% from 4.7%,” Kelly said.

Vehicle inflation dropped steeply during 2024 after starting the year at 7.2% in January.

Used vehicles are on average cheaper than they were a year ago, recording an annual decline of 0.6% in December.

Fuel prices increased by 1.1% between November and December. However, fuel prices are 10.2% lower than they were in December 2023. 

“Inflation for restaurants and hotels dropped to 4.2% in December, from 5.9% in November. This is largely a result of hotel room rates dropping by 4.2% between November and December, pulling the annual change for hotels down to 1.9% in December compared to 7.6% in November,” Kelly said.

The CPI release contains results of the monthly Survey of Consumer (Retail) Prices. The purpose of the survey is to collect and provide information regarding changes in the overall level of prices of all goods and services bought by the average household. - SAnews.gov.za       

 

 

 

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Wed, 01/22/2025 - 11:46

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