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South Africans Signal Cautious Confidence as Financial Habits Evolve

Location: Business
  • TransUnion’s Q2 2025 Consumer Pulse Study reveals strategic shifts in saving, borrowing, and fraud defence, with younger generations leading the way
  • 75% of South Africans expect their income to rise, but nearly 39% anticipate missing at least one bill or loan payment
  • 45% of Gen Z and 39% of Millennials plan to apply for credit, leading a shift toward more proactive financial habits
  • 58% of consumers were targeted by fraud in Q2, with many responding by strengthening their digital security

South African consumers are responding to ongoing financial pressures with increasing intent and vigilance. While inflation, high interest rates and job market uncertainty continue to weigh on household budgets, the latest TransUnion Consumer Pulse Study for Q2 2025* reveals a population adjusting not just defensively, but proactively. From rethinking spending and saving to becoming more discerning about credit and fraud, South Africans are adopting behaviours that suggest a shift toward long-term financial resilience, especially among younger generations.

“South Africans are showing resilience with purpose,” said Ayesha Hatea, director of research and consulting at TransUnion. “They’re not simply reacting to pressure, they’re taking charge, rebalancing their finances and protecting their future.”

Mixed Incomes, Bold Adjustments

While there are some positive signs, many households are still experiencing fluctuations in their income. In the second quarter, 21% of consumers said their household income had decreased, while 38% reported an increase. A majority of respondents (75%) are hopeful that their earnings will increase in the next year. However, this confidence exists alongside financial challenges, with nearly 39% of consumers reporting that they expect they might miss at least one bill or loan payment in the near future.

This financial pressure is driving noticeable changes in how people manage their money. More than half of consumers (54%) trimmed back on non-essential expenses like dining out, entertainment and travel. Many are also taking steps to strengthen their financial security; 31% paid down debt faster, 24% put more into emergency savings or stokvels and 37% planned to increase their retirement or investment savings.

Generational Differences Define the Shift

While overall behaviours are trending positive, the evolution is not uniform across age groups. Younger consumers, particularly Gen Z (ages 18-28) and Millennials (29-44) are emerging as drivers of this transformation. They are more likely to apply for credit, monitor their credit reports frequently and adopt security tools like multi-factor authentication.

Forty-five percent of Gen Z respondents and 39% of Millennials indicated they plan to apply for or refinance credit in the next year, compared to just 27% of Gen X (45-60) and 15% of Baby Boomers (61+). They are also the most engaged in monitoring their credit monthly and believe that access to alternative data, such as rental or Buy Now Pay Later (BNPL) payment histories, would improve their credit scores.

“Younger South Africans are embracing financial tools with growing confidence,” Hatea added. “They’re more comfortable with digital platforms, increasingly aware of how their financial choices affect their long-term goals, and, as a result, are more proactive about managing their credit.”

Cautious Credit Intent Amid Access Concerns

While 92% of consumers believe access to credit is important to achieving their financial goals, only 36% intend to apply for credit in the coming year, a figure that has remained stable since Q1. This cautious demand reflects continued uncertainty around employment, income and affordability.

Consumers favour unsecured lending, with credit cards (30%), personal loans (28%) and BNPL services (25%) attracting the most interest. Interest in secured lending remains comparatively low, with only 22% planning to apply for vehicle finance and 19% expressing interest in home loans.

Still, barriers remain. Nearly half (48%) of consumers said they had considered applying for credit but ultimately decided not to. The main reasons were income/ employment status (30%), high borrowing costs (29%) and concerns about their credit history (27%). Overall, 45% of consumers believed they would be approved if they applied for credit. While this figure reflects general sentiment, optimism tends to be higher among those who actively monitor their credit, suggesting a link between financial awareness and confidence.

Digital Fraud on the Rise, but So Is Awareness

As digital engagement grows, so does the threat of fraud. In Q2 2025, 58% of South Africans reported being targeted by fraud schemes, a decrease from the previous quarter (61%) with 13% confirming they had fallen victim. The most common scams included gift card or money transfer scams (33%), phishing (31%), smishing (30%) and third-party seller scams (28%).

Consumers are responding with heightened vigilance in response to cyber security concerns. A majority (59%) changed their passwords, 39% checked their credit reports and 25% added multi-factor authentication. Gen Z and Millennials were the most likely to take protective action, a likely result of both their greater exposure to digital platforms and higher awareness of evolving scam tactics. Alarmingly, 21% of consumers said they took no action at all, often citing uncertainty about what to do. This highlights the ongoing need for stronger cybersecurity and fraud education, and accessible protection tools.

“Consumers are trying to keep pace, but the threat landscape is evolving quickly,” said Hatea. “What we need now is a national conversation, one that gives all South Africans the knowledge and resources to protect their identities in a digital-first world.”

A Financial Turning Point

The Q2 2025 Consumer Pulse Study reveals a country making deliberate financial choices in the face of uncertainty. South Africans are shifting from survival mode to a more balanced, future-focused financial mindset. While challenges remain, the direction is clear; consumers are becoming more selective in how they spend, more strategic in how they borrow and more vigilant in how they protect themselves.

“At TransUnion, we believe these shifts represent not just resilience, but growth,” concluded Hatea. “South Africans are taking ownership of their financial journeys and in doing so, they’re laying the groundwork for lasting stability and inclusion.”

Consumers can get their free annual credit report from TransUnion here.

* This online survey of 922 adults was conducted May 5–25, 2025

Read moreSouth Africans Signal Cautious Confidence as Financial Habits Evolve

5 Smart Strategies to Manage Debt and Interest Rates in 2025

Location: Business

South Africans are learning to live and thrive in a financially uncertain world. The latest TransUnion Consumer Pulse Study (Q2 2025) shows that while 39% of households expect they may miss at least one bill or loan payment, many are actively reshaping their habits to build financial resilience.

Encouragingly, 31% of consumers are paying down debt faster, 24% are boosting emergency savings, and 37% plan to increase their retirement or investment contributions. These trends suggest that South Africans are not only reacting to pressure, but they are also taking proactive steps to protect their financial futures.

Ayesha Hatea, director of research and consulting at TransUnion South Africa shares some tips and tricks to help you manage debt and interest rates more effectively in 2025:

1. Pay Off High-Interest Debt First

The study highlights that more consumers are accelerating debt repayment and for good reason. Credit cards and personal loans often carry the highest interest rates when looking at consumers with multiple products in their wallet.

“In a high-interest environment, every rand you pay off today saves you from paying more interest tomorrow,” says Hatea

Tip: List your debts and focus on paying off the ones with the highest rates first, while keeping up with minimum payments on the rest.

2. Be Strategic About Borrowing

Access to credit remains crucial. 92% of South Africans believe it’s important for achieving their goals. Yet only 36% intend to apply for credit in the next year, reflecting caution amid high borrowing costs and income uncertainty.

If you do borrow, make it purposeful. The study found that demand is strongest for credit cards (30%), personal loans (28%), and Buy Now, Pay Later services (25%) but remember, these are all unsecured products that can quickly become costly if not managed well.

Tip: Compare interest rates, fees, and repayment terms before taking on new credit. Avoid unnecessary borrowing for short-term wants when rates are high or if you aren’t sure you’ll be able to make the necessary repayments.

3. Build a Safety Net, Even Small Steps Count

Nearly one in four consumers (24%) increased contributions to emergency savings or stokvels in Q2. In addition, 37% plan to grow their retirement or investment savings in the coming months.

Tip: Start with a modest, consistent contribution to an emergency fund, even R200 a month can create a buffer that reduces reliance on credit when life throws curveballs.

4. Strengthen Your Financial Awareness

The study shows that 70% of South Africans check their credit reports at least quarterly, with Gen Z and Millennials leading the way. Those who actively monitor their credit tend to feel more confident and have a better understanding of their overall financial commitments.

Tip: Check your credit report regularly, track your score, and make sure all information is accurate. Awareness is power when it comes to negotiating better credit terms.

5. Protect Yourself Against Digital Fraud

Fraud remains a real risk with 58% of South Africans saying they were targeted by scams in Q2, and 13% fell victim. Younger generations are more likely to adopt safeguards like multi-factor authentication, but 21% of consumers took no action at all.

Tip: Use strong, unique passwords, enable two-factor authentication, and monitor your accounts for unusual activity. Protecting your identity is just as important as protecting your money.

The Bottom Line

The TransUnion Consumer Pulse Study shows that while many households remain under pressure, South Africans are becoming more selective in how they spend, strategic in how they borrow, and vigilant in how they protect themselves.

“Resilience comes from balance: focus on responsible spending and borrowing, reduce costly or unsustainable debt, and build savings to protect against future shocks,” Ayesha concludes.

By taking small, deliberate steps today, households can better manage debt and interest rate uncertainty and build financial stability for tomorrow.

Read more5 Smart Strategies to Manage Debt and Interest Rates in 2025

TransUnion South Africa Busts Three Short-Term Insurance Industry Myths

Location: Business

Every industry has its myths, and the short-term insurance environment is no exception: leading industry players plan their growth strategies around perceptions of a limited pool of customers, focusing mostly on pricing strategies to attract new business, and finding ways to avoid consumers perceived as too risky.

The best way to confirm or ‘bust’ industry myths is to test them through experiments and data analysis to reveal the truth – and that’s exactly what TransUnion South Africa did with data it holds in the short-term insurance sector.

“South African consumers remain under pressure despite recent interest rate cuts, making this an opportune moment for insurers to rethink their customer acquisition and retention strategies – and to challenge the truisms they’ve relied on in recent years,” said Schalk Fischer, insurance lead at TransUnion South Africa. “To drive better outcomes, insurers must evolve and adapt their strategies to respond to changing market conditions, drawing on risk-management solutions that feature unique data and advanced analytics.”

Myth 1: With stagnant total policy volumes, the only way for an insurer to grow is to win customers from other insurers.

In assessing all new short-term insurance policies taken out between April 2024 and March 2025, TransUnion found that only 17% of new policies were opened by consumers moving to another insurer. Another 37% involved ‘policy splitting’, where consumers moved cover of one of their assets to a new provider, but did not move their whole portfolio.

This means that roughly 54% of new policies are opened due to churn – a significant portion, but certainly not the overwhelming portion that many insurers believe it to be.

“This data shows key growth opportunities for insurers lie among consumers who are new to insurance. In fact, 33% of new policies opened during the time of the study were taken out by consumers who had not had an insurance premium in the previous 24 months,” Fischer said. “While the short-term industry will always be very competitive, there are growth opportunities outside of working aggressively to attract customers from other insurers.”

Myth 2: Loyalty in short-term insurance is dead. Price is the primary variable.

With many consumers scrambling for cost savings, price is perceived to be the most important differentiator between insurers, along with being seen as the main reason that consumers leave one insurer for another.

TransUnion’s analysis showed that 13% of insured consumers who cancel their insurance eventually return to their original insurance provider over time, without switching to another insurer in the interim.

This brand loyalty is fairly consistent between different distribution channels: 9% for banks’ insurance offerings, 11% for brokers, and 14% for direct insurers.

“These findings highlight that, while insurance pricing is certainly a leading consideration among consumers, it is evident that brand loyalty is still a driving factor,” Fischer said. “Marketing and acquisition strategies clearly focus on price, but there’s a greater than expected opportunity to build loyalty that will either retain customers or encourage them to return to brands they have trusted before.”

Myth 3: The new-to-insurance segment is small and only includes risky younger consumers.

TransUnion’s analysis revealed that one in three (33%) consumers who took out policies between April 2024 and March 2025 were new to insurance – they did not have short-term insurance payments linked to their identity number in the previous 24 months.

However, this doesn’t necessarily mean that all newly insured consumers were uninsured before. Some may have previously been covered under their partner or spouse, and later separated their insurance portfolios, or they could have been young adults who sought their own cover after being included in their parents’ policies.

“These findings show that insurers need to expand the scope of how they segment their target audiences, as new-to-insurance consumers are not always who they’re perceived to be,” Fischer adds.

The analysis revealed additional insights into consumers taking out a policy for the first time. Only 6% were aged 18 to 24 years – perceived to be the riskiest consumers – while the greatest portion of these consumers (36%) were aged 25 to 35 years, followed by 36 to 45 year olds, who took out 25% of new policies. It’s clear, then, that consumers aged 25 to 45 present the greatest opportunity for insurers.

In overlaying loyalty data with these findings, it emerged that only 1% of 18 to 24 year olds shopped around for a better deal once they were granted cover, while less than a quarter (24%) of 25 to 35 year olds shopped around. However, consumers aged 36 to 45 showed the greatest propensity to shop around for a better deal, with 29% taking on that challenge.

The myth is officially busted: opportunities for growth lie well beyond young consumers who have only just reached eligibility to apply for their own short-term insurance policies.

“While the short-term insurance market is perhaps not growing at the rate that many insurers would like, our analysis shows that it’s far from stagnant. Clear segmentation along with careful risk management and profitability assessments can help providers acquire lower-risk, higher-value customers across diverse groups of potential customers,” Fischer said. “While price remains a significant driver among consumers, other variables continue to play a meaningful role in building customer loyalty.”

Read moreTransUnion South Africa Busts Three Short-Term Insurance Industry Myths

Bold Steps Taken With Medium-Term Budget Policy Statement Are Encouraging

Location: News

The Medium-Term Budget Policy Statement (MTBPS) by Minister of Finance Enoch Godongwana has met several key expectations, despite difficult and constrained circumstances. One of the most significant developments is the inflation target being adjusted and lowered to 3% — the first change in 25 years. This revised inflation target supports lower interest rates, which will […]

The post Bold steps taken with Medium-Term Budget Policy Statement are encouraging appeared first on Freedom Front Plus.

Read moreBold Steps Taken With Medium-Term Budget Policy Statement Are Encouraging

Economy Shows Modest Signs of Life

Location: News

Minister of Finance Enoch Godongwana is expected to highlight several reasons to feel encouraged that South Africa’s stunted economy is on the cusp of a growth phase when he delivers the 2025 Medium Term Budget Policy Statement tomorrow.

The post ECONOMY SHOWS MODEST SIGNS OF LIFE; POVERTY AND HUNGER TO STAY appeared first on For Good.

Read moreEconomy Shows Modest Signs of Life

Motion for More Protection for Matriculants Rejected

Location: News

It is ironic that the DA in the Western Cape Parliament rejected a motion tabled by the Freedom Front Plus (VF Plus) for more protection for matriculants, particularly during the exams, but then proposed a debate on the increase in shootings in the Western Cape. The Freedom Front Plus’s motion urges the Western Cape government […]

The post DA in Western Cape rejects Freedom Front Plus motion for more protection for matriculants appeared first on Freedom Front Plus.

Read moreMotion for More Protection for Matriculants Rejected

Delays Punish the Poor for System Failures

Location: News

GOOD Statement by Brett Herron,GOOD Secretary-General 08 July 2025 The GOOD Party condemns the South African Social Security Agency’s (SASSA) decision to delay the July grant payments for thousands of beneficiaries flagged for “review.” This is yet another bureaucratic blow to the poorest of the poor, who rely on grants not as a luxury, but […]

The post SASSA’S PAYMENT DELAYS PUNISH THE POOR FOR SYSTEM FAILURES appeared first on For Good.

Read moreDelays Punish the Poor for System Failures

Treasury’s Punitive Social Grant Conditions an Attack on the Poor

Location: News

GOOD Statement by Brett Herron ,GOOD Secretary-General 26 May 2025 The GOOD Party is deeply concerned by the National Treasury’s imposition of punitive and exclusionary conditions on the 2025/26 operating budget of the South African Social Security Agency (SASSA). These conditions effectively extend the flawed administrative procedures of the Social Relief of Distress (SRD) grant […]

The post TREASURY’S PUNITIVE SOCIAL GRANT CONDITIONS AN ATTACK ON THE POOR appeared first on For Good.

Read moreTreasury’s Punitive Social Grant Conditions an Attack on the Poor

African Development Bank’s Adesina Warns of Economic Shockwaves from U.S. Tariffs, Calls for Strategic Global Engagement

Location: Business
African Development Bank Group (AfDB)

As the United States imposes higher tariffs with global ramifications, African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships. 

In an exclusive interview with CNN's Christiane Amanpour, Dr Adesina revealed that 47 of Africa's 54 countries will be impacted directly by the new U.S. trade policies, with potential declines in export revenues and foreign exchange reserves. 

“When those currencies weaken, two things will happen: first, you will find that most of these countries are import-dependent. So, you're going to find that high inflation becomes a problem,” said Adesina. “And secondly, you find that the cost of actually servicing a lot of their debt, which is foreign currency debt, but in local currencies, is going to get worse.” 

Almost all African countries have been hit by higher tariffs announced by the Trump administration, with at least 22 nations facing up to a whopping 50 percent for almost all their products. Among the hardest hit countries are Lesotho, Madagascar, Mauritius, Botswana, Angola, Algeria, and South Africa. 

The impacts of these higher tariffs are further exacerbated by significant cuts to USAID programs, which have already begun affecting access to essential medical supplies and humanitarian services in many countries, raising serious concerns about the future trajectory of U.S.-Africa relations. 

Africa's Strategic Response 

Despite the challenges, Adesina emphasized that Africa cannot afford a trade confrontation with the United States, noting that the continent accounts for only 1.2 percent (approximately $34 billion) of America's global trade—with a trade surplus of just $7.2 billion. 

Instead, he proposed a pragmatic three-point strategy for the continent: Engage the U.S. through flexible and constructive trade negotiations, diversify export markets to reduce dependency on any single partner, and accelerate the African Continental Free Trade Area implementation to unlock the potential $3.4 trillion market. 

He stressed the need to expand Africa's domestic market and boost domestic savings to develop consumption as a bigger share of its GDP, leveraging its massive population growth. More importantly, the continent must take advantage of the increasing external interest in its natural resources, such as cobalt and lithium, to negotiate a better trade and investment deal. 

Addressing speculation that Africa may shift more decisively toward China in response to the higher U.S. tariffs, Adesina dismissed any notion of binary alignment. “U.S is a key ally of Africa—and so is China,” he stated. “Africa is building bridges, not isolating itself.” 

He stressed that Africa seeks balanced, transparent, and mutually beneficial partnerships with all major global players, including the U.S., China, the European Union, and the Gulf states. “I think at the end of the day, we want to make sure that whatever deals that are being done with Africa are transparent, fair, equitable, and led by Africa and in Africa's interests,” Adesina reiterated. 

Beyond Aid: Driving Africa's Self-Reliance 

Dr. Adesina, who concludes his second and final term as president of the Bank in September, firmly rejected the long-standing paradigm of foreign aid dependency. “The era of aid as we've known it is completely gone,” he declared, calling instead for bold investments in domestic resource mobilization, infrastructure, and value-added industrialization. 

He said aid must be turned into concessional financing to allow multilateral financial institutions like the African Development Bank to do more for the continent by mobilizing more private capital to develop and derisk projects.  

While Africa represents nearly 20 percent of the global population and under three percent of global GDP, the Bank Group chief pointed to a resilient and transformative growth narrative: ten of the world's twenty fastest-growing economies are in Africa. 

He highlighted flagship initiatives under the African Development Bank's “High 5” agenda that have impacted more than 565 million people through investments in power, food security, industrialization, regional integration, and initiatives to improve the quality of life of the people of Africa. 

Over the past decade, the African Development Bank has invested more than $55 billion in infrastructure to bolster economic integration across Africa, alongside other critical investments to drive inclusive growth. It is by far the largest financier of infrastructure across Africa. 

Adesina also cited the great potential of the Mission 300 project, a joint initiative by the World Bank and the African Development Bank to connect 300 million people in Africa to electricity by 2030.  “Because without electricity, what can you do? You can't industrialize, you can't add value, you can't be competitive in the dark,” he said. 

He highlighted the achievements of the Africa Investment Forum, launched in 2018 by the Bank and eight other partners, saying it has since mobilized more than $225 billion in investment interest to the continent. The Forum is a multi-stakeholder, multi-disciplinary platform that advances projects to bankable stages, raises capital, and accelerates deals to financial closure. 

Adesina believes that despite its challenges, Africa is the largest greenfield investment destination in the world, and it remains “the investor's dream.” 

“We got hydropower. We have a massive youth population that can become the labor force of the world. Sixty-five percent of the arable land left in the world to feed almost 9.5 billion people by 2050 is in Africa, so what Africa does with it will determine the future of food in the world,” he affirmed. 

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Contact: 
Communication and External Relations Department 
media@afdb.org  

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GE Vernova modernizes Sasol’s Secunda power plant in South Africa

Location: Business
GE

  • The new upgrade increases operational efficiency at Sasol's plant, while reducing NOx emissions significantly
  • Project is expected also lead to water consumption savings equivalent to about 64 Olympic pools per turbine annually
  • GE Vernova (www.GEVernova.com) announced this project at Enlit Africa 2025 in Cape Town, South Africa

GE Vernova Inc. (NYSE: GEV) today announced the successful completion of the modernization of global energy and chemical company Sasol's Secunda power plant in Mpumalanga. The modernization included the replacement of the existing pre-combustor system with a new DLN1+ combustor supplemented by the Fuel Gas Module (FGM) skid to increase the operational efficiency of the two installed 9E gas turbines and reduce carbon emissions.

This project serves as a model for modernizing power plants across Africa. As the continent faces increasing energy demands, initiatives like this highlight how innovative solutions can enable more efficient energy production with reduced emissions, without requiring entirely new infrastructure.

The upgrade led to significant improvements, including:

  • Reduction of NOx emissions significantly below the guaranteed values of 25 ppm, representing a reduction of three quarters from previous level.
  • Avoidance of using water as a diluent with the DLN technology, with an expected water consumption saving equivalent to about 64 Olympic pools per turbine annually.
  • There was an efficiency improvement compared to the previous combustor, translating to approximately 10,000 metric tons less CO2 emitted per gas turbine, supporting Sasol's environmental objectives.
  • Extension of the maintenance intervals, reducing downtime and operational costs.
  • Enhanced reliability of the power supply delivered to the national grid.

"This project exemplifies our purpose to electrify the world," said Joseph Anis (http://apo-opa.co/4k6G5fI), President and CEO of GE Vernova's Gas Power business in Europe, Middle East, and Africa. "Building on our advanced combustion technologies, we are helping Sasol address South Africa's energy needs more efficiently. Together, we are demonstrating how advanced technologies can deliver tangible benefits for both businesses and communities."

This project will be showcased at Enlit Africa (http://apo-opa.co/4k3OEYH), taking place from 20 – 22 May at the Cape Town International Convention Centre (CTICC) in Cape Town, South Africa. GE Vernova's participation will include interactive activities at booth C22 in Hall 3 and speaking sessions covering a wide range of topics, including: a keynote on technology driven transformation, smart grids and the future of energy management, digitization and modernization of projects and accelerating women in energy.

GE Vernova has contributed to the development of the energy infrastructure in Africa for over a century, supporting power generation, transmission and distribution solutions, energy sector software applications, talent development, and community outreach.

Distributed by APO Group on behalf of GE.

Additional Link: https://apo-opa.co/4dJXJnj

Notes to editors:
© 2025 GE Vernova and/or its affiliates. All rights reserved.

For more information, contact:
Media Contact – GE Vernova
Winnie Gathage
Africa Communications Leader
GE Vernova
winnie.gathage@gevernova.com

Laura Aresi
Media Relations Leader, Power
GE Vernova
Laura.aresi@gevernova.com

Lesego Malete
Group Account Director
Burson Africa
lesego.malete@bursonglobal.com

About GE Vernova:
GE Vernova (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world's challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 75,000 employees across 100+ countries around the world. Supported by the Company's purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova (www.GEVernova.com), GE Vernova in Middle East & Africa (https://apo-opa.co/435wb81), and LinkedIn (https://apo-opa.co/4jY25JD). GE Vernova's Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and gas power plant technologies and services with the industry's largest installed base.

Forward Looking Statements:
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova's expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company's business operations, financial results and financial position and on the global supply chain and world economy.

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Africa Data Centres Welcomes Gold Synergy’s Self-Cooling Rack Deployment at the CPT1 Facility in Cape Town

Location: Business
Africa Data Centres

Africa Data Centres (www.AfricaDataCentres.com), a business of Cassava Technologies, is pleased to announce the successful deployment of a self-cooling rack by Gold Synergy at its CPT1 facility in Cape Town. This installation represents a significant advancement in the evolution of high-density computing in Africa and supports Africa Data Centres' commitment to sustainable, efficient infrastructure solutions. 

The innovative self-cooling rack, commissioned in January 2025, is designed to meet the increasing demand for high-performance computing while minimising energy consumption. As the region experiences rising power and cooling challenges driven by artificial intelligence, big data, and enterprise workloads, self-contained cooling technologies like this offer a smart and scalable solution. 

Gold Synergy brings a wealth of expertise in advanced cooling solutions. The deployment at CPT1 demonstrates the viability of self-cooling racks in African conditions, setting the stage for broader collaboration in supporting regional ESG objectives. 

“Our collaboration with Gold Synergy introduces new efficiencies in high-density hosting,” said Adil El Youssefi, CEO of Africa Data Centres. “By integrating this cutting-edge cooling solution at CPT1, we are creating a model for how data centres in Africa can scale intelligently while remaining aligned with global sustainability targets. The success of this deployment positions both Africa Data Centres and Gold Synergy to expand CDU-based cooling technologies across the region, further supporting Africa's growing need for next-generation infrastructure.” 

“Our self-cooling rack solution is a game-changing approach for high-density computing environments,” said Fortune Utubor, Executive at Gold Synergy. “This deployment reflects our shared commitment to energy efficiency and operational excellence.” 

South Africa remains a strategic digital hub for the continent. With its reliable infrastructure, favourable location, and increasing demand for cloud and AI services, the country plays a pivotal role in the digital transformation of Africa. As enterprises move mission-critical applications closer to home, infrastructure capable of supporting such workloads efficiently becomes essential. 

The deployment not only increases the CPT1 facility's hosting capacity without requiring major infrastructure modifications, but it also reinforces Africa Data Centres' position as the continent's leading carrier-neutral data centre provider. The new solution helps reduce reliance on traditional cooling systems and contributes to operational cost savings for both clients and facility operators. 

Distributed by APO Group on behalf of Africa Data Centres.

ADC boilerplate :
Africa Data Centres owns and operates Africa's largest network of interconnected, carrier and cloud-neutral data centre facilities. Bringing international experts to the pan-African market, Africa Data Centres is a trusted partner for rapid and secure data centre services and interconnections across Africa. Strategically located in South, East and West Africa our world-class data centre facilities provide a home for all business-critical data for Africa's small, medium and large enterprises and global hyperscale customers. https://www.AfricaDataCentres.com  

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Africa’s Solar Boom: How to Reap the Benefits

Location: Business
CBI-electric: low voltage

With 2.5 gigawatts-peak (GWp) (http://apo-opa.co/4iQtUCp) of solar capacity added across Africa in 2024 and 194.34 GWp expected in 2025, the continent is fast becoming a global hotspot for solar energy growth. Leading this shift are the commercial and industrial (C&I) sectors, where photovoltaic (PV) systems are being installed on-site at businesses, educational institutions, and government facilities to meet their own energy demands.

Dr Andrew Dickson, engineering executive at CBi-electric: low voltage (www.CBi-lowvoltage.co.za), explains that multiple factors are accelerating the continent's switch to solar. “Energy poverty remains a major issue across Africa, with reliable grid electricity reaching only 14% (http://apo-opa.co/4jICofV) of Zimbabweans, for example.”

He adds that unreliable power supply is another key driver. “Persistent nationwide blackouts are affecting countries like Botswana (http://apo-opa.co/3EZvQKM), disrupting day-to-day operations. And in hydro-electric dependent countries such as Zambia (http://apo-opa.co/3RRqvrX), climate change is reducing water levels, leading to lower electricity generation and higher prices.”

Dr Dickson points out that in countries like Namibia which are dependent on electricity imports, affordability is a growing concern, with N$8.8 billion (http://apo-opa.co/3EZvSlS) expected to be spent between January 2024 and December 2025. “As a result, Namibia now has the highest (http://apo-opa.co/3EZvSSU) electricity prices in Southern Africa. Yet it has a unique geographic advantage: its solar PV systems can produce twice (http://apo-opa.co/3EZvSSU) as much electricity as comparable systems in central Europe.”

Some African nations are proactively investing in solar to reduce their grid dependence. “Malawi is rolling out its National Compact for Energy (http://apo-opa.co/3GMlxKC), which creates a competitive framework for private-sector investment in off-grid solar through grants, subsidies, and credit lines that improve access to foreign exchange,” he notes.

Safeguarding solar investments

The shift to solar is also being driven by cost-effectiveness. Dr Dickson shares that on-site solar is now cheaper (http://apo-opa.co/3YDs1BD) than the electricity tariffs paid by C&I clients in at least seven sub-Saharan markets.

Pointing to research by GreenCape (http://apo-opa.co/3Z6UyzC), which found that solar PV can reduce business energy costs by 15%, with a return on investment reached within three to 12 years, he highlights that after that, businesses can benefit from up to 15 years of free electricity.

However, Dr Dickson stresses that unlocking these savings requires protecting system components from damage and disruption. “Voltage spikes caused by lightning or grid instability can seriously damage inverters and batteries. Installing surge protection devices (SPDs) is critical, not just to prevent damage, but also to avoid voiding manufacturer warranties.”

Arcing is another serious threat. “When electrical currents jump across gaps, the heat generated can damage components or even start fires,” he explains. “DC circuit breakers designed specifically for solar systems are essential for mitigating this risk. They're built to handle the direct current generated by PV panels, ensuring safer and more reliable operation.”

Smart tech enables smarter solar use

In addition to physical protection, Dr Dickson advises businesses to embrace smart energy management tools to extend system life and optimise performance. “A smart power indicator can detect grid interruptions and send immediate alerts, helping businesses respond quickly. These systems can temporarily disconnect non-essential high-energy devices during an outage to prevent overload and preserve battery life. At the same time, they ensure that essential systems like security and lighting continue operating during downtime.”

Optimising solar ROI in 2025

He believes that the key to unlocking solar's full potential lies in strategic system design and management. “By combining surge protection, DC breakers, and monitoring tools, businesses can reduce unexpected costs, minimise downtime, and extend the life of their investment.”

“As Africa's solar energy market continues to expand in 2025, organisations have an opportunity to capitalise on its long-term benefits. With the right technologies and safeguards in place, solar is not only a clean energy solution it's a strategic asset that pays off,” concludes Dr Dickson.

Distributed by APO Group on behalf of CBI-electric: low voltage.

About CBi-electric: low voltage:

  • Established in 1949, CBi-electric: low voltage is a manufacturer and supplier of quality low voltage electrical distribution, protection, and control equipment. Previously known as Circuit Breaker Industries or CBI, the company specialises in the design, development, and manufacturing of circuit breakers, residential current devices, surge protection, wiring accessories, and metering products.
  • Headquartered in Johannesburg, South Africa, the company is a subsidiary of renowned JSE listed industrial group Reunert (http://apo-opa.co/4iV5abY), established in 1888, with international operations across Africa, Asia, Australia, Europe, and USA.
  • CBi-electric: low voltage can be found in almost every home and has firmly become a market leader over the last 75 years while supplying products to authorities, utilities, manufacturers, commercial property developers, industrial, mining, telecommunications, and general power distribution applications.
  • In 2021, the brand launched its smart IoT (internet-of-things) home automation range, called the Astute Range.
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Leaders From Angola, Ethiopia, Egypt & South Africa to Lead Discussions at Africa Finance Corporation’s (AFC) 5th Country & Stakeholder Symposium

Location: News
Africa Finance Corporation (AFC)

Africa Finance Corporation (AFC) (www.AfricAFC.org), the continent's leading infrastructure solutions provider, is convening the 5th edition of its Country & Stakeholder Symposium (CSS) tomorrow, April 8, 2025, from 12:30 to 14:00 WAT. 

This year's theme, “Making Africa's Institutional Savings Work Better for the Continent,” will spotlight the urgent need to bridge the financing gap in Africa by harnessing the power of domestic institutional capital to fund long-term development. The Symposium will serve as a vital platform to explore how Africa can better mobilize its own institutional savings and redirect them into high-impact, return-generating projects aligned with national development priorities. 

The Symposium will showcase AFC's innovative capital mobilization strategies and financial structuring expertise, with a focus on developing new financial products and asset allocation models that attract and retain institutional investors.  

Discussions will also include potential regulatory enhancements needed to unlock domestic capital for productive investments, while maintaining strong protections for savers. 

High-profile leaders and industry experts from the public and private sectors will be speaking at the symposium including:  

  • H.E. Vera Esperança dos Santos Daves De Sousa, Minister of Finance, Angola 
  • Dr. Brook Taye, CEO, Ethiopian Investment Holdings 
  • Kabelo Rikhotso, Chief Investment Officer, Public Investment Corporation (PIC), South Africa 
  • Armando Manuel, Chairman, Angola Sovereign Wealth Fund 
  • Ayaan Zeinab Adam, Senior Director and CEO, AFC Capital Partners 

The event will be moderated by CNBC Africa Senior Anchor, Fifi Peters, and will convene key stakeholders from across the continent's public and private sectors. 

This is a virtual event. To register, please visit: Register here https://apo-opa.co/3EbZQTh

Distributed by APO Group on behalf of Africa Finance Corporation (AFC).

Media Enquiries: 
Yewande Thorpe 
Communications 
Africa Finance Corporation 
Mobile : +234 1 279 9654 
Email : yewande.thorpe@africafc.org 

About AFC:
AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. 

Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception. www.AfricAFC.org  

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Cost containment should not undermine service delivery – PSC

Location: News

Cost containment should not undermine service delivery - PSC

The Public Service Commission (PSC) says that while cost containment measures demonstrate fiscal discipline and prudent financial management, their implementation must be closely monitored to avoid inadvertently undermining service delivery.

“This is particularly crucial in essential sectors such as healthcare and education, where cuts to resources or funding could have far-reaching consequences for public well-being and long-term development,” said PSC Commissioner, Anele Gxoyiya.

Addressing the media during the release of the commission’s Quarterly Bulletin titled: The Pulse of the Public Service for the period: 01 January to 31 March 2025, Gxoyiya said effective cost containment requires a balanced approach. This approach prioritises efficiency and savings without compromising the quality or accessibility of essential services.

“The PSC recognises the advantages of fiscal consolidation and cost containment, which include reduced waste in public finances and enhanced accountability,” the Commissioner said at Thursday’s briefing in Pretoria.

In addition, he said that excessive budget cuts could undermine the government's ability to fulfil its constitutional obligations.

“The PSC advocates for a balanced approach that combines financial prudence with investments in key areas essential for long-term growth and effective service delivery.

“The PSC remains committed to promoting constitutional values, advocating for equity and accountability, and ensuring that public resources are used efficiently and effectively for the benefit of all South Africans.”

Whistleblowers 

Regarding strengthening whistleblower protection, Gxoyiya said a resolution was made for the establishment of the Whistleblower Protection House.

This hosting of the Whistleblowers’ Symposium emanated from the 2022 International Anti-Corruption Day celebrations which highlighted the challenges regarding the protection of whistleblowers and their families.

During the symposium, a resolution was made for the establishment of the protection house to support whistleblowers and to facilitate access to support, creation of awareness of whistleblowers’ plight, provide financial assistance, legal counsel and psychological support.

The protection of whistleblowers was identified as one of the high priority areas in the national anti-corruption agenda.

Gxoyiya said this initiative will require the amendment of the current legislation, adding that the Department of Justice and Constitutional Development is at an advanced stage in reviewing the Protected Disclosure Act. The Act provides procedures in terms of which any employee may disclose information relating to an offence or a malpractice in the workplace by his or her employer or fellow employees. The Act also provides for the protection of an employee, who made a disclosure in accordance with the procedures provided for by the Act, against any reprisals as a result of such a disclosure.

“The advent of democracy in South Africa promised a society that will be built on a human rights-based culture to ensure that the lives of ordinary South Africans are improved and protected.

“Section 195 of the Constitution outlines the basic Values and Principles governing public administration. These values should be the cornerstone upon which to build a public service that is ethical, responsible, responsive and accountable. 

“Government and other role players agreed that corruption in South Africa and the killing of whistleblowers needs to be addressed collaboratively by all sectors of society as the efforts of whistleblowers contribute to building a capable, ethical and developmental Public Service that is responsive to the needs of the people,” Gxoyiya explained.

He added that the commission supports the initiatives of establishing the whistleblowers protection regime as it will enable the citizenry to report wrongdoing without fear of reprisal.

“Fighting corruption is every one’s responsibility in the country. Active citizenship must take its rightful place in fighting against corruption and expose theft, fraud and maladministration through whistleblowing,” he said.

The commission has encouraged South Africans to report acts of corruption and maladministration anonymously through the National Anti-Corruption hotline on 0800 701 701 and by email at (complaints@opsc.gov.za).

Citizens can also do walk-ins at PSC offices nationwide where complainants can interact with professionals equipped to safeguard anonymous reporting. – SAnews.gov.za

 

Edwin
Thu, 04/03/2025 - 13:41
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R2m to address eThekwini water challenges

Location: News

R2m to address eThekwini water challenges

The eThekwini Municipality has approved the transfer of R2 million within the water and sanitation capital budget in the 2024/25 financial year to address persistent water challenges affecting various areas in the northern parts of the city, particularly Verulam and surrounding areas.

The decision was taken during the City’s Executive Committee (EXCO) meeting on Tuesday.

In a statement after the meeting, the council said the funds will be transferred from the Pinkney Park project to the 'Hazelmere to Grange' Reservoir pipeline project.

The Pinkney Park project has been delayed by the Bid Evaluation Committee due to insufficient funding in the current approved 2024/25 and 2025/26 financial years.

The municipality said the Hazelmere to Grange Reservoir pipeline project is an ongoing project that urgently requires an additional R2 million in funding to complete it in the current financial year.

“Work has stopped on site due to funds having been exhausted for the Hazelmere to Grange Reservoir pipeline project. The additional allocation to complete the project will ensure much needed relief to the communities in the northern parts of the city, who have been experiencing water shortages,” the council said.

It said the water challenges have been further worsened by the recurring flood disasters that have battered the KwaZulu-Natal city in recent years.

R3 million approved for oThongathi crematorium 

The Executive Committee also approved an additional R3 million for the urgent replacement of the furnace at the oThongathi Crematorium.

This follows the initial allocation of R5 million in the city’s adjustment budget, bringing the total investment to R8 million.

eThekwini Mayor Cyril Xaba said the decision by EXCO emphasises the city’s commitment to ensuring that residents of the northern region have access to cremation services.

“We are pleased that EXCO has responded swiftly to this urgent matter. The failure of the furnace has left many families without access to cremation services in the area. This funding will allow us to expedite the process and restore this essential service,” Xaba said.

The existing cremator, which has been in use for many years, suffered repeated breakdowns before completely failing on 24 January 2025. Technical assessments confirmed that the furnace had reached the end of its lifespan, necessitating full replacement.

To fast-track the project, Xaba said the Parks, Recreation and Culture Unit has identified savings within its capital budget to cover the R3 million shortfall.

He said the municipality will now proceed with appointing a service provider to manufacture, construct, and install the new furnace.

The contractor, who must be South African-based, will also provide maintenance support for 12-months under warranty, with a potential extension for two years.

Xaba reiterated the city’s commitment to delivering dignified and efficient services.

“We understand the cultural and religious significance of cremation for many communities. The urgent reprioritisation of funds demonstrates our dedication to ensuring that all residents have access to essential municipal services,” the mayor said.

He said the city will continue to provide updates to residents as the project progresses, with the aim of restoring full operations at the crematorium within the current financial year. – SAnews.gov.za

GabiK
Wed, 03/26/2025 - 10:16
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Rodgers announces strategic initiatives to drive KZN economic growth, job creation

Location: News

Rodgers announces strategic initiatives to drive KZN economic growth, job creation

KwaZulu-Natal Finance MEC, Francois Rodgers, has announced a number of strategic initiatives aimed at boosting the province's economic growth, creating jobs, and stabilising the cost of living.

Rodgers highlighted some of the initiatives, when he was tabling the province’s R158.478 billion budget for the 2025/2026 financial year, on Tuesday.

In his address, Rodgers highlighted the positive signs of economic recovery, pointing to key indicators, including an increase in the province’s equitable share and additional allocations in conditional grants.

He also noted the progress being made through the Provincial Financial Recovery Plan.

“What is required now is discipline with a sharp focus on the end objective, growth in our economy, job creation, and stabilising and reducing the cost of living,” Rodgers said.

Initiatives to strengthen financial discipline

The MEC said the provincial Treasury is committed to perform financial oversight and monitor provincial expenditure, with a view to prevent non-essential government activities.

He added that efforts are underway to identify new streams of revenue for the provincial fiscus.

Another key initiative is the adoption of a cost-containment instruction by the Executive Council, which aims to sustain KZN’s ability to meet its needs, “while protecting its future.”

“Cutting the nice to haves to protect the must haves. One such example is [council] agreement to do away with rental vehicles, with procurement for vehicles, in line with National Treasury guidelines.

“When the GPU (Government of Provincial Unity) took office, the province was projecting to over-spend in the region of R10 billion, [but] with strict control measures and compliance, we have now reduced this to R4.9 billion,” Rodgers highlighted.

E-procurement tool

To further improve financial efficiency, Rodgers announced that Treasury is awaiting approval for the acquisition and implementation of an e-procurement tool, a system designed to eliminate overcharging of goods and services during the Supply Chain Management (SCM) and tender processes.

“This system will yield enormous savings for the province and reduce irregularities in the procurement process,” Rodgers said.

The MEC said the provincial government is making great strides in achieving a balanced budget, noting that “it’s a painful process, but a process that needs to be sustained and supported.”

Rodgers further announced that starting in April 2025, the provincial government will introduce departmental financial dashboards, which will reflect departments financial metrics, such as creditors, debtors, cash balances, and projected expenditure.

He said these dashboards will assist members of the Executive Council and oversight committees with a clearer picture of the province's financial health.

Additionally, the provincial Treasury is exploring the establishment of an information centre, which will focus on "Operation Pay on Time" and assist with tender processes and supplying information on Public Private Partnerships (PPPs).

“Going forward, I will continue, in my capacity as MEC, to regularly engage the Premier and the provincial executive on good financial practices. We will be consistent in our advocacy for efficient expenditure and the prioritisation of programmes aimed at alleviating poverty, inequality, unemployment, effective service delivery and building a sustainable economy,” the MEC said.

Provincial budget highlights

A large portion of the 2025/2026 provincial budged (79.9%), has been allocated to the three key social services departments, including Education, Health, and Social Development.

The Education Department received the largest share of the budget, with R66 690 206 allocated, followed by Health with R56 211 801.

Other allocations include:
•    Transport allocated R13 827 066.
•    Office of the Premier R817 875. 
•    Provincial Legislature R850 796. 
•    Agriculture and Rural Development R2 757 443. 
•    Economic Development, Tourism and Environmental Affairs R3 606 998.
•    Provincial Treasury R710 190. 
•    Human Settlements R3 549 877.
•    Community Safety and Liaison R275 716.
•    Sport, Arts and Culture R1 598 141.
•    Co-operative Governance and Traditional Affairs R1 931 153.
•    Social Development R3 613 297. 
•    Public Works and Infrastructure R2 037 490. – SAnews.gov.za
 

 

GabiK
Tue, 03/25/2025 - 13:53
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A Competition to Drive Eswatini’s Artisans to Success

Location: News

International Trade Centre
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The European Union (EU) and International Trade Centre (ITC) launched a unique competition to empower Eswatini's artisans by providing game-changing support to small businesses. This collaboration, with a Toyota 2.8 GD6 vehicle as the grand prize, aimed at driving innovation, market expansion, and new opportunities.

When Bafanabethu ‘Bethu' Gina, Managing Director of Favourite Designs, entered the competition, he saw it as more than just an opportunity to win a vehicle worth close to €18,000 – it was a chance to accelerate his company's expansion.

Favourite Designs, a fast-growing furniture and décor manufacturing enterprise in Eswatini, has been paving its way in the artisan industry. He uses traditional techniques like grass weaving to create baskets, lamp shades and other homewares with a modern sensibility.

‘This vehicle is more than just a mode of transport – it's a game-changer for our business,' says Bethu. ‘It will allow us to reach new customers, access rural suppliers more efficiently, and expand into the South African market. Our goal is to triple our market size by leveraging this opportunity to grow beyond Eswatini.'

Preserving culture with innovation

Founded in Matsapha, Eswatini, Favourite Designs combines modern design principles with traditional Swati craftsmanship. The company works closely with rural artisans, particularly women, sourcing raw materials and helping to preserve Swati cultural identity through handcrafted pieces. Bethu sees his role not only as a designer and entrepreneur but as someone who inspires fellow artisans to integrate design thinking into their craft, making their products more competitive in the global market.

‘I love how Emaswati artisans have preserved our culture through beautiful, handcrafted work, passing down traditions from generation to generation,' he says. ‘I see Eswatini's artisan and design industry growing substantially in the next five years. But we need to inspire artisans – both aspiring and practicing – to intentionally apply design principles from conceptualization to realization. This will enhance product quality and make Eswatini crafts globally competitive while preserving our cultural heritage.'

Plans to scale are in motion

Favourite Designs is a key participant in the EU, ITC, and House on Fire Artisanal Incubator Programme, which nurtures emerging businesses in the handcraft and artisanal food sectors. Through this initiative, Bethu's company has:

  • Showcased work at major events like the MTN Bushfire Festival and Standard Bank Luju Food & Lifestyle Festival
  • Collaborated with international designers, including Finnish designer Mari Koppanen
  • Featured at prestigious international exhibitions, such as the Paris Design Show in 2024

The new Toyota 2.8 GD6 vehicle will expand these opportunities. It will help Favourite Designs connect with international buyers, attend trade shows, and access key regional markets like South Africa. He'd already been saving for a vehicle so that he can meet with his rural suppliers and make deliveries to customers. Now he can use those savings to invest in other parts of his business.

The EU seeks to foster space for enterprise creativity 

The EU and ITC structured this competition not just as a giveaway but as an opportunity to reward resilience and innovation.

‘Rather than a simple donation, we designed a competition to reward an entrepreneur who has demonstrated resilience and innovation,' said EU Ambassador to Eswatini, Karsten Mecklenburg. ‘Favourite Designs has shown exceptional growth potential, and we are confident this vehicle will be instrumental in their success.'

Bethu's winning competition entry video creatively told the company's story while addressing the competition's objectives. He structured the submission like a design brief, integrating a script, storytelling elements, and real footage from his journey with ITC since 2023.

‘I wanted to demonstrate the progress we've made as a result of ITC's intervention and how the vehicle would boost our operations and growth,' he explains. ‘The first minute of the video is a skit showcasing how we would use the vehicle, followed by three minutes of our ITC-supported journey, and a final call-to-action statement. I shot and edited everything using just my mobile phone.'

Favourite Designs is a shining example of how local businesses can scale internationally with the right support, vision, and innovation.

With a new vehicle and growing recognition, Favourite Designs is well on its way to becoming an international success story.

Distributed by APO Group on behalf of International Trade Centre.

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Social grants set to increase in April

Location: News

Social grants set to increase in April

All social grants, barring the Social Relief of Distress (SRD) grant, are expected to increase from April this year.

Delivering the 2025 Budget Speech in Parliament on Wednesday, Finance Minister Enoch Godongwana said the number of social grant beneficiaries – excluding those receiving the SRD grant – is expected to rise to some 19 million in 2025/26 and 19.3 million in 2027/28 due to a growing population of older persons.

Godongwana said for 2025/26, social grants will be allocated some RR284.7 billion.

“As announced by the President in the State of the Nation Address, the SRD will be used as a basis for the introduction of a sustainable form of income support for unemployed people.

“The future form and nature of the SRD will be informed by the outcome of the review of active labour market programmes. This is expected to be completed by September 2025.

“The truth is that ours is one of the most comprehensive social safety nets among emerging economies. This reflects our commitment to addressing poverty and inequality, while keeping our spending sustainable,” he said.

The grant increases this year include:

  • Old age grant will increase from R2185 to R2315
  • War veterans grant will increase from R2205 to R2335
  • Disability grant will go up from R2185 to R2315
  • Foster care grant rises from R1180 to R1250
  • Care dependency grant will increase from R2185 to R2315
  • Child support grant will go up from R530 to R560
  • The grant-in-aid will increase from R530 to R560

In the Budget Review, National Treasury said the budget for social grants is “increased by R8.2 billion over the medium term to account for higher costs of living”. 

“An amount of R35.2 billion is allocated to extend the payment at the current [SRD] R370 per month per beneficiary, including administration costs,” the department said.

The Department of Social Development, which administers social grants, has been allocated R422.3 billion in 2025/26, which is expected to increase to R452.7 billion in 2027/28, at an average annual growth rate of 4.5%.

“This funding supports poverty reduction through social grants, the provision of risk benefits through social insurance and the delivery of welfare services, development initiatives, empowerment programmes, gender equality initiatives and advocacy for children, women, youth, the elderly and individuals with disabilities.

“Social grant spending makes up 81 percent of the allocation for this function. At an average annual growth rate of 5.3 percent, social protection spending increases above inflation over the medium term; however, social grant reform and efficiency savings will be necessary to ensure the sustainability of the social security system.

“[The] sector’s operational budget will be subject to conditions, including the need to improve biometric verification of recipients to achieve savings,” the National Treasury said. – SAnews.gov.za

NeoB
Wed, 03/12/2025 - 13:57
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Commission opens dialogue on viability of electronic voting in SA

Location: News

Commission opens dialogue on viability of electronic voting in SA

The Electoral Commission is expected to start a public conversation about the prospect of electronic voting, or e-voting, during South African elections. 

To launch the public debate and discussion on the subject, the commission will host a three-day e-voting conference in Cape Town from 10-12 March 2024. 

This conference will serve as a pivotal platform for initiating a public conversation about the possibility of introducing electronic voting sometime in the future. 

The conference is based on research commissioned by the Commission and undertaken by the Human Sciences Research Council (HSRC). 

The research study produced a discussion document which navigates all crucial aspects related to electronic voting and implications for South Africa. The discussion document will be launched at the conference. 

The key components of the discussion documents include the following: 

• A country review of electronic voting including those countries currently using poll-site technologies as well as those who use internet voting. This includes countries that introduced electronic voting but subsequently abandoned it.

• Key insights from the legislative review indicate that in the event electronic voting is adopted then there would a necessity for legislative amendments. 

• Lessons from two roundtables, which were conducted with academics and representatives of blind persons.

• Lessons from key informant interviews that were conducted with civil society organisations and election management bodies.

• Views which were solicited through a public opinion survey.

• An overall outline of the findings of the studies conducted.

IEC CEO Sy Mamabolo said the conference will serve as a significant opportunity for South Africans to shape the future of voting in the digital world. 

“It is part of the statutory purview of the commission to conduct research with a view to improving the quality of elections. We must investigate new approaches to improve the electoral process, voter experience, accessibility and enable cost savings," Mamabolo said.

“Some of the research findings indicate that there is no common understanding of what e-voting entails. This conference aims not only to reflect on possibilities for implementing e-voting but also to drive common understanding and knowledge of the subject among South Africans. 

“We encourage further conversations and lively debates among South Africans from all walks of life as we have seen happening in some social media platforms recently,” he said. 

The conference will bring together political parties, members of the Portfolio Committee on Home Affairs, corporates in the ICT sphere, government officials, research and development institutions. 

Representatives of some countries which have implemented electronic voting are also confirmed for participation in this conference. This includes Estonia, the Democratic Republic of the Congo and Namibia.

Telecommunications and network connectivity service providers will share current and future developments in the digital ecosystem space. 

Furthermore, the conference will include an expo where technology companies will display and demonstrate some of the available e-voting technologies and provide participants with a sense of how these technologies can be intuitively operated. 

After the launch of the discussion document at the conference, it will be posted on the Electoral Commission digital platforms including on the website. – SAnews.gov.za 

 

Edwin
Wed, 03/05/2025 - 12:34
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Read moreCommission opens dialogue on viability of electronic voting in SA

Solarafrica Secures R1.8 Billion Solar Investment, Advancing Wheeling Adoption in South Africa

Location: Business
Starsight Energy

SolarAfrica (https://SolarAfrica.com/) is proud to take another major step forward in the development of its flagship utility-scale solar project, SunCentral, by successfully reaching financial close on the first 114 MW component of the project alongside funding partners Investec and RMB. The R1.8 billion investment into SunCentral marks the start of the project's rollout in South Africa.

SunCentral is a large-scale solar photovoltaic (PV) plant located between Hanover and De Aar in South Africa's Northern Cape province. The project will be developed in three phases.

Phase 1, consisting of 342 MW, will be delivered through a staged roll-out of three 114 MW facilities and will deliver renewable energy to a diverse range of off-takers by wheeling it through South Africa's power grid. Phase 2 and 3 will increase SunCentral's capacity to 1 GW.

Unlike similarly sized projects that offer wheeling on a one-to-one basis (with one generation plant supplying one off-taker), SolarAfrica's project will offer wheeling on a one-to-many basis, making it available to a wider pool of businesses in South Africa.

SolarAfrica's Chief Investment Officer Charl Alheit, who spearheaded the financial close, explains: “Reaching financial close on the first 114 MW of our utility-scale wheeling development and Main Transmission Substation (MTS) investment marks a significant milestone in our commitment to advancing sustainable energy solutions for our customers in the commercial and industrial sectors.”

He adds that the substantial size of SunCentral will unlock access to cheaper, greener power for even more businesses across the country. “We are excited to see this project move forward as we continue contributing to the energy transition while delivering long-term value to our customers."

SolarAfrica is part of the greater Starsight Energy Africa Group. The success of SunCentral will act as a blueprint for similar (and possibly smaller) off-site generation projects in other key African markets in which the Starsight Energy Africa Group companies operate.

“The construction of SolarAfrica's SunCentral is a critical step in our journey to expand clean energy adoption across Sub-Saharan Africa, says Paul van Zijl, Group CEO of Starsight Energy Africa Group. “We are excited to move this project forward and continue delivering long-term value to our customers,” he says.

SolarAfrica is backed by world-class investors African Infrastructure Investment Managers (AIIM) and Helios Investment Partners who both hold decades-long track records of bringing investment to support African innovation.

“Reaching Financial Close on the first 114 MW on SunCentral is a fantastic milestone for SolarAfrica, says Thor Corry, Investment Director at AIIM.

“The modular approach to construct the MTS and plug in subsequent 114 MW modules provides a superb platform for SolarAfrica to scale at pace to meet the needs of the C&I customers in South Africa who want to secure price certainty and cost efficiencies while furthering South Africa's Just Energy Transition. With South Africa requiring up to 30 GW of new capacity by 2030 to meet its climate commitments and energy needs, projects like this are crucial,” Corry concludes.

Distributed by APO Group on behalf of Starsight Energy.

About SolarAfrica:
Founded in 2011, SolarAfrica provides a suite of capex-free green energy solutions to the commercial and industrial sectors in Southern Africa. The holistic suite includes on-site solutions such as solar energy and battery storage together with virtual solutions like wheeling, trading and aggregation.

SolarAfrica partners with businesses in South Africa seeking an energy solution that provides power security, cost savings and carbon reduction – building towards long-term sustainability.

The company has evolved into an ambitious team who are passionate about what they do and the core values they uphold. SolarAfrica has been named the continent's leading solar energy firm twice, scooping the Africa Solar Industry Association's African Solar Company of the Year award in 2021 and 2023.

About Starsight Energy:
Across the continent, Starsight Energy is redefining what it means for businesses to be energy efficient. Starsight Energy provides premier clean on-grid and off-grid energy services to commercial and industrial clients in Africa.

Serving the commercial and industrial, financial, residential, educational and agricultural sectors, Starsight Energy delivers tailored power and cooling solutions to meet client requirements while optimising consumption through energy-efficient appliances and environmentally friendly practices and recommendations.

From load analysis and modelling to demand management and customised solution design, Starsight Energy helps clients optimize energy efficiency and cost savings across the board.

About African Infrastructure Investment Managers (“AIIM”):
AIIM, a member of Old Mutual Alternative Investments* (“OMAI”), has been investing in the African infrastructure sector since 1999 with a track record extending across seven African infrastructure funds. AIIM's team of 40+ investment professionals are based out of five locally staffed offices across the continent in Cape Town, Johannesburg, Nairobi, Lagos and Abidjan providing direct on-the-ground coverage of our key markets.

AIIM is Africa's largest dedicated infrastructure private equity manager and currently manages an aggregate AUM of USD2.9 billion in assets across the power, renewable energy, digital infrastructure, mid-stream energy and transport sectors with operations in 19 African countries.

AIIM is a licensed FSP approved by the Financial Sector Conduct Authority in South Africa.

*Old Mutual Alternative Investments (OMAI) is a private alternative investment manager in Africa, with over USD7.6 billion (ZAR139.4 billion) under management in infrastructure, private equity, hybrid equity and impact funds. It is a member of Old Mutual Investment Group, the investment management arm of Old Mutual.

About Helios Investment Partners:
Established in 2004, Helios Investment Partners is the largest Africa-focused private investment firm, with a record that spans creating start-ups to providing expanding companies with growth capital and expertise. The firm has over $3.0 billion in assets under management and is led and managed by a predominantly African team based in London, Lagos, Nairobi and Paris, with the language skills and cultural affinity to engage with local entrepreneurs, managers, and intermediaries on the continent.

Helios leverages its local and global networks to create attractive proprietary investment opportunities, with an emphasis on building market leaders in core economic sectors and driving performance through a highly engaged approach to portfolio operations. The firm's unique combination of a deep knowledge of the African operating environment, a singular commitment to the region and a proven capability to manage complexity, is reflected in its diverse portfolio of growing, market-leading businesses, and its position as a partner of choice in Africa.

Helios is the second mainstream private equity firm globally, and the largest emerging markets focused private equity firm, to achieve B Corp certification. B Corp status recognizes the firm's longstanding commitment to sustainability and responsible business practices.

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