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Load shedding is a common challenge faced by many regions, causing disruptions in daily life and impacting productivity. Whether it’s due to an overloaded power grid, extreme weather conditions, or inadequate infrastructure, the effects of load shedding can be frustrating and costly. However, in today’s technology-driven world, there are smart solutions available to help individuals …
In the face of persistent load shedding, individuals and communities around the world are seeking innovative strategies to maintain a consistent power supply. Load shedding, the controlled shutdown of electricity, often due to high demand or infrastructure limitations, can disrupt daily life and have a significant impact on various sectors, including residential, commercial, and industrial. …
Leading food company, wholly-owned by PepsiCo South Africa, FUTURELIFE®, today celebrated the grand opening of its new cutting-edge manufacturing facility at Dube TradePort Special Economic Zone (SEZ), in Kwa-Zulu Natal. This event brought together key government officials, business leaders, and FUTURELIFE® employees. The opening of the facility showcases FUTURELIFE®’s resilience, innovation, and steadfast commitment to …
At this year’s Eskom Expo International Science Fair, young scientists have reaped the benefits of their hard work and ingenuity, receiving full- and partial bursaries, cash prizes, laptops, tablet computers, and opportunities for work-based exposure during their school holidays. The fair was held at the Birchwood Hotel and OR Tambo Conference Centre in Boksburg from …
Clean Creatives has published a list of agencies with coal, oil, and gas clients
In today’s world, where sustainability is becoming more crucial, harnessing solar energy is a significant step towards a green and efficient energy solution. Sun Savings is at the forefront of this revolution, offering a unique “rent to own” solar system opportunity for homeowners looking to make a positive environmental and economical change. Benefits of …
On 11 October 2023, the Premier of the Western Cape, Alan Winde, will provide the opening remarks at Green Energy Africa Summit's (https://GreenEnergyAfricaSummit.com/) high-octane deal pitching platform, the Energy Investment Village.
A selection of ten African clean-tech start-ups will pitch their clean-tech solutions before a panel of judges and a room full of potential international investors on day 2 of the highly anticipated Green Energy Africa Summit. The Premier's presence at the Energy Investment Village signals the growing interest in - and serious consideration of - African clean-tech start-ups as viable clean energy investment assets.
This is the second year that Green Energy Africa Summit (https://apo-opa.info/3PLZHI8) has hosted the Energy Investment Village. The initiative was developed in partnership with Freeport Saldanha's Innovation Campus (https://www.InnovationCampus.co.za/) and advisory firm, the Research Institute for Innovation and Sustainability (RIIS) (https://EnablingInnovation.Africa/) and Anza Capital (https://Anza.holdings/), an early-stage tech start-up investment company. The Energy Investment Village is supported by Africa Scotland Business Network, JSE, Oceanhub-Africa, Savant, Firecracker, CHIETA, and Sasol.
The Green Energy Africa Summit itself provides an important role in enabling international investors to originate projects that will reduce the energy deficit whilst also contributing to developing low-carbon pathways. The Energy Investment Village is the action-based aspect of the Summit, providing a key moment for African clean energy projects and international investors to have direct sight of one another.
According to a report by the International Energy Agency, African energy investment needs to double to over USD 200 billion per year by 2030, for the continent to meet its energy-related development goals. However, emerging and developing economies (except for China) remain stuck at 2015 levels, with no increase since the Paris Agreement was reached.
Premier Winde says, “Our energy demands are currently outstripping supply. When ramping up capacity, clean energy solutions must be a priority. This is particularly important for South Africa if we are to reach our goal of net zero emissions by 2050, to which we've committed in our Low-Emission Development Strategy as part of the UNDP Climate Promise, and the Western Cape Government is committed to supporting. Initiatives such as the Green Energy Africa Summit's Energy Investment Village are excellent vehicles to enable clean energy innovation to flourish. As the Western Cape Government, we are investing heavily in making our province energy resilient. This involves striking a balance between driving economic growth while at the same time developing and harnessing renewable energy solutions.”
As well as finding potential investor-start-up linkages and synergies, the competing start-ups can win valuable prizes provided by the Energy Investment Village sponsors. This includes capacity-enhancing programmes such as:
Additionally, up to R5 million in VC funding (dependent on terms & conditions and company audit) will be made available by Anza Capital, and corporate membership to an international network worth R9k will be given to the top start-up by Africa Scotland Business Network. A cash prize of R100k from Sasol for a selected start-up.
Energy Investment Village finalists for 2023
Find out more about attending Green Energy Africa Summit and take part in the excitement as the Energy Investment Village finalists battle it out for pole position: https://apo-opa.info/3Q6u6Cp
Distributed by APO Group on behalf of Green Energy Africa Summit.
Media Contact:
Amie Sparrow
PR Manager
amie.sparrow@hyve.group
About Green Energy Africa Summit:
The Green Energy Africa Summit is a high-level gathering advocating for policy reforms and the harmonisation of Africa's natural resources, to help pave the way for a just energy transition to ensure Africa remains competitive and attractive to global finance. The Green Energy Africa Summit takes place in the heart of Cape Town at the Cape Town International Convention Centre 2 (CTICC2) from 10-11 October 2023.
In an era where sustainable energy solutions are more than just a trend, power stations have become a household essential. Among the brands making waves in this sector is EcoFlow, and when it comes to reliable distributors, EvoGames is the go-to choice. Why Opt for EcoFlow Power Stations from EvoGames? EcoFlow Power Stations available …
Defy’s solar-operated appliances a game changer for the environment
The Defy manufacturing plant, the country's largest home appliance producer, on Monday declared its commitment to environmental progress.
The announcement was made during Trade, Industry, and Competition Minister Ebrahim Patel’s visit to a plant situated in Ladysmith, KwaZulu-Natal.
During his visit, Patel was hosted by Defy Appliances CEO Mustafa Soylu, management, staff and NUMSA shop stewards.
A major announcement was made regarding South Africa's advancement towards green technology and sustainability. The Ladysmith plant will initiate the production of fridges and freezers capable of operating entirely on solar energy, marking a substantial step in promoting eco-friendly alternatives in the appliance industry.
Soylu said the pioneering initiative marks a monumental step in the production of environmentally friendly appliances, positioning South Africa as a leader in the fight against climate change.
The innovative products, anticipated to be available for retail by January 2024, is set to empower families to adopt a fully green approach to their food cooling units at home.
Patel expressed his support for this remarkable advancement.
“Climate change necessitates a comprehensive transformation of the technologies utilized both at home and within the industry. South Africa is actively ensuring the production of future technologies and meeting the demand for lower-emission consumer products,” he said.
Patel highlighted the significant progress from Defy’s previous hybrid units that required partial access to grid energy.
The new units, designed to operate exclusively on solar energy, will be equipped with an attached battery system, enhancing their efficiency and eco-friendliness.
“I am delighted that Defy is focusing on making these fridges and freezers affordable, enabling a broader consumer base to transition to green appliances,” Patel said.
Defy Appliances continues to make substantial contributions to the local economy, employing over 2 000 workers in South Africa and producing 1.5 million appliances locally.
The range includes fridges, freezers, stoves, ovens, dryers and top-loading washing machines. With two factories located in Jacobs in eThekwini and Ezakheni in the Ladysmith area, Defy stands as a significant player in the local manufacturing sector.
In addition to bolstering local production, Defy exports products to 35 other African countries said Soylu, reinforcing South Africa’s position as the continent’s largest producer of home appliances.
Today’s announcement and Patel’s visit underscore the commitment of both the South African government and industry leaders like Defy appliances to prioritize sustainable and green technologies.
This initiative not only contributes to the global effort to mitigate climate change but also signifies the nation’s dedication to innovation, economic growth, and the welfare of its citizens. – SAnews.gov.za
Edwin
Mon, 10/02/2023 - 13:03
The Benefits of Generators as an Alternative Power Source Loadshedding continues to beleaguer homes and businesses across South Africa, with the Energy Council of South Africa recently forecasting its continuation throughout 2023 with only a potential resolution by 2024. As South Africans grapple with the uncertainty of power cuts, the need for reliable backup power …
By Ian Pettey (MD Africa at Crown Relocations South Africa) As National Recycling Day approaches on 17 September, it’s an opportune time to reflect on the evolving landscape of sustainability in various sectors. One industry that is making remarkable strides in this arena is the international relocation industry. Long gone are the days of excessive …
By Jaco Minnaar, CEO of The Houghton Hotel, Spa, Wellness and Golf For hotel operators in South Africa, Tourism Month represents a unique business opportunity with the potential for substantial growth and sustainability. Jaco Minnaar, CEO of The Houghton Hotel, Spa, Wellness and Golf in Johannesburg, shares a heartening perspective on the state of tourism …
SA should accelerate mass youth employment, entrepreneurship - Mashatile
South Africa should prioritise the creation of mass youth employment and business opportunities, said Deputy President Paul Mashatile.
The Deputy President believes that this should be done by implementing policies that foster entrepreneurship, enhance vocational training, improve access to finance, and encourage private-sector investment.
“We can empower our youth and pave the way for a prosperous future,” he stressed.
The country’s second-in-command was delivering the keynote address at the South African Youth Economic Council (SAYEC) Gala Dinner at the Marriot Hotel in Johannesburg, on Tuesday.
The platform focused on “assessing government and private sector policies necessary for mass youth employment and business opportunities in South Africa”.
“This theme serves as a compelling call for both the government and private sector to collaborate to evaluate and deliberate on strategies that can expedite the involvement of young individuals in the critical sectors of the economy.”
As government, he told the delegates that the government values the role that youth and youth bodies, including SAYEC, play in moulding the nation's future and propelling its development.
“Your energy, creativity, and determination possess the potential to unlock untapped opportunities within our economy.”
He acknowledged that like other countries globally, South Africa is grabbling with challenges of unemployment.
“Furthermore, some challenges are associated with effectively integrating young people into the economy.”
He also stressed a need for further development of the skills necessary to secure formal employment or establish successful business opportunities specifically tailored for youth.
Deputy President Mashatile encouraged youngsters with an aptitude for business to grab entrepreneurial opportunities and start enterprises relevant to their skills.
“South Africa has a diverse economy with several promising sectors that entrepreneurs can take advantage of.”
He said sectors currently driving the economy include manufacturing, retail, financial services, mining, agriculture, tourism, and the green industry.
“The green sector offers a range of possibilities for entrepreneurs interested in sustainable and environmentally friendly technologies and practices.”
Renewable energy, he said, particularly solar, waste management, including recycling, and sustainable packaging is currently crucial.
“There are also opportunities to meet the growing demand for sustainable and energy-efficient building practices in South Africa.”
He went on to touch on investing in the mining sector.
“We agree with you that this is an important sector that we must teach our young people how to run and manage these industries, as they are the future and next generation of industry leaders.
“The current state of the mining industry is not very impressive. We presently export raw materials, and we must create opportunities for youth-led manufacturing and industrial endeavours,” he admitted.
He said mining is a costly endeavour, requiring the creation of more funding opportunities for youth.
“I urged the youth to interact with a variety of investors to provide more capital so that the youth can transform their ideas into reality and become producers and not just consumers.”
“We must create an enabling policy framework encouraging private sector investment in youth-focused industries,” he added. – SAnews.gov.za
Gabisile
Wed, 09/27/2023 - 11:49
Developed economies must do more to tackle climate change
President Cyril Ramaphosa has re-emphasised the call for developed economy countries to fulfil their pledge to assist developing nations in their transition to low carbon economies.
The President was addressing the nation through his weekly newsletter.
“While the nations of the world agreed in Paris in 2015 on urgent actions to limit global temperature rises and mitigate the impact of climate change, the effects of climate change are being increasingly felt with greater ferocity.
“Although developed economy countries promised to support developing economies as they transition to low-carbon, climate resilient societies, this support has not been forthcoming at the scale and with the urgency that is needed.
“Among other things, wealthy countries have not provided the promised finance that vulnerable countries need to adapt to climate change and to cover the cost of the loss and damage caused by climate disasters,” he said.
Last week, on the sidelines of the recent United Nations General Assembly (UNGA), UN Secretary General António Guterres held a Climate Ambition Summit.
President Ramaphosa said South Africa used the summit to “reiterate our long-stated position that developed economy countries must fulfil their obligations and honour their past promises to developing economy countries”.
“This is not about charity. It is about economic and social justice. Africa’s people are literally paying the price for the industrialisation and development of the countries of the north.
“It is also about shared interests because the economic and social havoc caused by climate change will make the world more unstable, less secure and will increase competition for scarce resources like water and food,” he said.
Self-development
President Ramaphosa emphasised that although developed countries share the responsibility to assist developing nations, Africa is taking steps to ensure its own climate change resilience.
“As African countries, we cannot be bystanders to our own development. We are putting the necessary measures in place to de-carbonise our respective economies while pursuing sustainable development.
“The transformation of the energy landscape in Africa is a priority. As African countries, we have called on the international community to support efforts to increase the continent’s renewable energy capacity while ensuring energy security for Africa’s people.
“This needs to take place alongside increased investment in smart, digital and efficient green technologies in carbon-intensive sectors such as transportation, industry and electricity,” he said.
The President described South Africa’s own efforts towards de-carbonising the country’s carbon intensive economy.
“As South Africa, we want to use our abundant solar and wind resources to position our country at the forefront of the clean energy transition.
“Regulatory reforms undertaken by this administration have resulted in a confirmed pipeline of renewable energy projects that are expected to produce in excess of 10 gigawatts of electricity,” he said.
A just transition
President Ramaphosa added that de-carbonisation of economies must be “just and inclusive” and also be consistent with “our national circumstances and development plans”.
He warned that some measures like the European Union’s Carbon Border Adjustment Mechanism – aimed at increasing tariffs on imports produced through carbon intensive processes – may “simply further increase the vulnerability of developing economies”.
“This is likely to have a significant impact on South African producers, increase the costs of South African exports into European markets and reduce our economy’s competitiveness.
“In my address to the Climate Ambition Summit, I said that trade mechanisms must enable products from Africa to compete on fair and equitable terms. Trade tariffs and non-trade barriers that have an environmental purpose should be the product of multilateral agreements,” he said.
President Ramaphosa said while South Africa remains committed to “contributing our fair share to the global climate change effort”, the circumstances of developing countries must “must be taken into account”.
“To achieve the Sustainable Development Goals by 2030, unity of purpose and action between countries is vital, as is a common commitment to multilateralism in the global climate change effort.
“Ultimately, no country should be forced to choose between climate action and meeting their developmental aspirations,” he said. – SAnews.gov.za
NeoB
Tue, 09/26/2023 - 09:24
The recent signing of an agreement to develop what has been called South Africa's largest liquified natural gas project in Mpumalanga province has emphasised the potential of natural gas as a viable energy source for the country.
The agreement, a “non-binding term sheet” (https://apo-opa.info/3PN65zR), is a partnership between South Africa's Industrial Development Corporation (IDC) and Afro Energy, a subsidiary of Australian gas explorer Kinetiko Energy. The initiative is projected to generate 50MW of equivalent energy, growing to 500MW over time. There are also options for the development of further LNG gas equivalent projects.
The deal comes amidst renewed interest in onshore gas, as South Africa's power crisis shows few signs of easing. TotalEnergies has won approval (https://apo-opa.info/48phiOs) to search for oil and gas off South Africa's west coast, and in May, the South African government even announced plans to revisit the idea of shale-gas exploration in the Karoo region.
The Mpumalanga discovery is relatively advanced, and involves an innovative public-private partnership approach. However, the resource – estimated at 3.1 billion cubic feet of natural gas – pales in comparison to the gargantuan gas reserves in other parts of Africa.
Africa's natural-gas reserves have been estimated at around 620 trillion cubic feet (https://apo-opa.info/46iQ4qU), with the largest resources in Nigeria, Algeria and Senegal.
Thanks to its proximity to Europe, and well-developed LNG infrastructure, Algeria is currently Africa's largest exporter of natural gas, and the fourth largest gas export in the world (https://apo-opa.info/46m7Zgw), with the 10th largest proven natural gas reserves on the planet.
As Europe looks to wean itself off Russian energy, following that country's invasion of Ukraine, North and West Africa are well positioned to fill the gap. Established trans-Mediterranean gas pipelines can facilitate this, and several more pipelines are in the planning stages.
Supply bottlenecks and political challenges need to be resolved, but the upside for African oil-and-gas exports to Europe is enormous.
Natural gas has also long been heralded as a “transition fuel”, that can help ease the move from oil and coal towards renewable energy. By some measures (https://apo-opa.info/3sZeMy5), gas is a cleaner-burning, efficient fuel that produces fewer carbon-dioxide emissions than other fossil fuels.
It is abundant, and can be compressed, liquified and stored. This storage capability gives natural gas the advantage over forms of renewable energy like solar and wind, which are less easily dispatchable. Storing and providing renewable energy as and when required necessitates complementary technology like batteries, hydrogen or pumped storage.
Gas resources can simply be integrated into the well-developed global natural-gas infrastructure – through pipelines, and the international shipping. This means frontier natural-gas territories – such as South Africa – would be able to “plug in” to this system and begin supplying gas to where it is needed relatively soon after fields are established.
Ghana provides an instructive example of what is possible. The country's oil-and-gas industry launched with its first discoveries around 2006, and it was able to produce its first product within 40 months (https://apo-opa.info/3rkEXz1). In 2021, the country produced 2,4 million metric tons of gas (https://apo-opa.info/3PY0as9).
The imperative to minimise global greenhouse gas emissions to meet Paris 2050 commitments and to reverse climate change is a serious concern, which must be balanced against Africa's development imperatives.
Almost half of Africa's people remain without electricity (https://apo-opa.info/48BiLS2). The Africa Energy Commission (https://apo-opa.info/3ZtYv0d) has confirmed that it still sees a role for natural gas in the continent's evolving energy mix.
In a context where Africa still generates only four percent of global carbon emissions, and the majority (https://apo-opa.info/46oImM7) of its people still rely on biomass to meet their energy needs, a move to natural gas would still represent a net improvement (https://apo-opa.info/3RzRGIH).
That is the domestic scenario. Globally, the planet is hungry for natural gas. Africa is sitting astride enormous resources, but currently only provides 6% of global gas exports (https://apo-opa.info/46ioryf).
The opportunities are significant. There is worldwide gas activity going on, and Africa needs to come to the party.
Distributed by APO Group on behalf of Africa Oil Week.
Developed economies urged to accelerate climate action
President Cyril Ramaphosa says developed economy countries, in particular, must act with urgency to accelerate the reduction of emissions, fulfil their obligations and honour past promises.
The President was speaking at the Climate Ambition Summit on the margins of the United Nations General Assembly in New York, USA.
The President told world leaders that Africa has witnessed with increasing alarm the effects of climate change, environmental degradation, unsustainable production and resource scarcity on human health and well-being.
“As countries across the globe seek practical ways to build back better from the COVID-19 pandemic and multiple crises, we are presented with an unprecedented opportunity to set the global economy on a more equitable, environmentally sustainable and low-carbon developmental trajectory.
“Despite having little responsibility for causing global warming, Africa is warming faster than the rest of the world. Like other parts of the Global South, the continent is significantly affected by climate change. As such, climate actions cannot be separated from the drive for sustainable and inclusive development,” President Ramaphosa said.
The President science sends a clear message that the world is not on track to meet the goals contained in the Paris Agreement. He emphasised that this Climate Ambition Summit must instil the necessary urgency and propel the actions that are needed now to prevent the destruction of the planet and the devastation of societies.
Earlier this month, African leaders adopted the Nairobi Declaration on Climate Change and Call to Action, which recognises that decarbonising the global economy is an opportunity to contribute to equality and shared prosperity.
To achieve this vision of economic transformation, African leaders have called on the international community to support efforts to massively increase Africa’s renewable energy capacity by 2030.
“They are seeking investment in smart, digital and efficient green technologies to decarbonise the transport, industrial and electricity sectors in African countries.
“They have called for support to strengthen actions to halt and reverse biodiversity loss, deforestation and desertification. And to boost agricultural yields through sustainable agricultural practices,” the President highlighted.
Structural reform to promote just and inclusive transitions
President Ramaphosa said structural reform is needed to promote transitions that are just and inclusive.
He said global and regional trade mechanisms must enable products from Africa to compete on fair and equitable terms.
“Trade related environmental tariffs and non-tariff barriers must be the product of multilateral agreements. They must not be unilateral, arbitrary or discriminatory.
“The multilateral financial system must build resilience to climate shocks and better leverage the balance sheets of multilateral development banks to scale up concessional finance. Developing economy countries also require new, predictable public finance to support climate adaptation and build resilience to loss and damage.”
The system, President Ramaphosa said, needs to provide interventions for debt management and relief to prevent debt default.
“The actions necessary now must not place an undue burden on the citizens of tomorrow.”
The President emphasised that financing for climate action should respect the right of all countries to pursue their own development pathways, while taking into account their specific national circumstances.
“As South Africa implements its ambitious Nationally Determined Contribution, which is aligned to the Paris Agreement temperature goals, we see new opportunities for green growth and development.
“With abundant solar and wind resources, with significant reserves of critical minerals, South Africa is positioning itself to be a leader in renewable energy, green hydrogen and sustainable industrialisation,” he said.
Due to regulatory changes and a surge of investment, South Africa has a confirmed pipeline of renewable energy projects in development that are expected to produce in excess of 10 gigawatts of electricity.
South Africa has also established a Just Transition Framework to ensure that climate actions adhere to principles of procedural, restorative and distributive justice.
“We are committed to building resilience to the impact of climate change and reducing our emissions in ways that are appropriate to our national circumstances and development pathways.
“As South Africa, and as the African continent, we are working to give substance to our assertion that no country should ever have to choose between development aspirations and climate action,” he said.
President Ramaphosa called on the summit to demonstrate that the leaders of the world are committed to ambitious climate actions that are inclusive, comprehensive and leave no one behind. – SAnews.gov.za
DikelediM
Thu, 09/21/2023 - 11:24
President Ramaphosa concludes participation in UNGA78
President Cyril Ramaphosa has concluded his working visit to the United States of America, where he led South Africa’s participation in the 78th Session of the United Nations General Assembly (UNGA78) in New York.
President Ramaphosa was accompanied by a delegation of Ministers, including the Minister of International Relations and Cooperation, Dr Naledi Pandor; Minister of Trade, Industry and Competition, Ebrahim Patel; Minister of Environment, Forestry and Fisheries, Barbara Creecy; Minister of Health, Dr Joe Phaahla; Minister in The Presidency, Khumbudzo Ntshavheni, and Minister in The Presidency for Planning Monitoring and Evaluation, Maropene Ramokgopa.
The President delivered South Africa’s National Statement on Tuesday under the theme: 'Rebuilding trust and reigniting global solidarity: Accelerating action on the 2030 Agenda and its Sustainable Development towards peace, prosperity, progress and sustainability for all'.
On Wednesday, President Ramaphosa participated in the Financing for Development Summit.
The President joined United Nations Secretary-General António Guterres and the President of the UN General Assembly, Ambassador Dennis Francis, in advocating for the strengthening and reform of the international financial architecture.
President Ramaphosa said developing countries must participate equally and meaningfully in the decision-making process of the international economic world order.
"Four decades since the right to development was established by the United Nations as a human right, the failure to act on commitments to support development is deepening the divide between the global north and south," said President Ramaphosa.
The President also addressed the Climate Change Summit, hosted by the UN Secretary-General António Guterres, where he joined the call by African leaders for action in the implementation of the recently adopted Nairobi Declaration on Climate Change and Call to Action.
The declaration recognises that decarbonising the global economy is an opportunity to contribute to equality and shared prosperity.
President Ramaphosa said that financing for climate action should respect the right of all countries to pursue their own development pathways while taking into account their specific national circumstances.
“As South Africa implements its ambitious Nationally Determined Contribution, which is aligned to the Paris Agreement temperature goals, we see new opportunities for green growth and development.
“With abundant solar and wind resources, with significant reserves of critical minerals, South Africa is positioning itself to be a leader in renewable energy, green hydrogen, and sustainable industrialisation,” the President said.
The President described South Africa's participation at the UNGA78 as progressive, as it continued to advocate for the reform of the United Nations Security Council and reiterated South Africa’s support for the United Nations Secretary-General's ambition of U$ 500 billion a year to meet the UN-driven global sustainable development goals.
On the sidelines of UNGA78, President Ramaphosa held several bilateral meetings aimed at strengthening strategic political, diplomatic and trade ties.
These included discussions with the President of the Federal Republic of Nigeria, Bola Tinubu; Ukraine President Volodymyr Zelenskyy; President Abdelmadjid Tebboune of the People's Democratic Republic of Algeria; President Recep Tayyip Erdoğan of Türkiye, and President Emmerson Mnagangwa of the Republic of Zimbabwe.
Another highlight of the President’s working visit to the United States was the joint announcement by the South African and United States governments of South Africa’s hosting of the 20th US-Sub-Saharan Africa Trade and Economic Cooperation Forum, (AGOA Forum) in Johannesburg from 2 - 4 November 2023.
President Ramaphosa welcomed this development as an expression of South Africa's intention to remain part, beyond 2025, of the trade partnership enabled by the United States’ Africa Growth and Opportunity Act.
This trade relationship carries mutual benefit for South Africa and the United States, as part of the broader cordial and strong relations between the two countries.
In his assessment of UNGA78, President Ramaphosa said: “The United Nations General Assembly is an important and strategic platform for South Africa, where we are able to interact at a high level multilaterally and bilaterally.
“We have engaged in meaningful discussions that will contribute to the development of our country and our continent. I go home with my spirits lifted and enthused that the challenges we face will be resolved as we continue working with our social partners and business at home, and our trade and diplomatic partners globally." – SAnews.gov.za
DikelediM
Thu, 09/21/2023 - 11:47
President Cyril Ramaphosa has concluded a working visit to the United States of America, where he led South Africa's participation in the 78th Session of the United Nations General Assembly (UNGA78) in New York.
The President delivered South Africa's National Statement on Tuesday, 19 September 2023, under the theme “Rebuilding trust and reigniting global solidarity: Accelerating action on the 2030 Agenda and its Sustainable Development towards peace, prosperity, progress and sustainability for all”.
On Wednesday, 20 September 2023, President Ramaphosa participated in the Financing for Development Summit.
The President joined United Nations Secretary-General António Guterres and the President of the UN General Assembly, Ambassador Dennis Francis, in advocating for the strengthening and reform of the international financial architecture.
President Ramaphosa said developing countries must participate equally and meaningfully in the decision-making process of the international economic world order.
"Four decades since the right to development was established by the United Nations as a human right, the failure to act on commitments to support development is deepening the divide between the global north and south," said President Ramaphosa.
The President also addressed the Climate Change Summit, hosted by the UN Secretary-General António Guterres, where the President joined the call by African leaders for action in the implementation of the recently adopted Nairobi Declaration on Climate Change and Call to Action.
The declaration recognises that decarbonising the global economy is an opportunity to contribute to equality and shared prosperity.
President Ramaphosa said: “Financing for climate action should respect the right of all countries to pursue their own development pathways while taking into account their specific national circumstances.
“As South Africa implements its ambitious Nationally Determined Contribution, which is aligned to the Paris Agreement temperature goals, we see new opportunities for green growth and development.
“With abundant solar and wind resources, with significant reserves of critical minerals, South Africa is positioning itself to be a leader in renewable energy, green hydrogen, and sustainable industrialisation.”
The President described South Africa's participation at the UNGA78 as progressive as it continued to advocate for the reform of the United Nations Security Council and reiterated South Africa's support for the United Nations Secretary-General's ambition of U$ 500 billion a year to meet the UN-driven global sustainable development goals.
On the sidelines of UNGA78, President Cyril Ramaphosa held several bilateral meetings aimed at strengthening strategic political, diplomatic, and trade ties.
These included discussions with the President of the Federal Republic of Nigeria, Bola Tinubu; Ukraine President Volodymyr Zelenskyy; President Abdelmadjid Tebboune of the People's Democratic Republic of Algeria; President Recep Tayyip Erdoğan of Türkiye, and President Emmerson Mnagangwa of the Republic of Zimbabwe.
Another highlight of the President's Working Visit to the United States was the joint announcement by the South African and United States governments of South Africa's hosting of the 20th US-Sub-Saharan Africa Trade and Economic Cooperation Forum, (AGOA Forum) in Johannesburg from 2 to 4 November 2023.
President Ramaphosa welcomed this development as an expression of South Africa's intention to remain part, beyond 2025, of the trade partnership enabled by the United States' Africa Growth and Opportunity Act.
This trade relationship carries mutual benefit for South Africa and the United States, as part of the broader cordial and strong relations between the two countries.
In his assessment of UNGA78 President Ramaphosa said: “The United Nations General Assembly is an important and strategic platform for South Africa, where we are able to interact at a high level multilaterally and bilaterally.
“We have engaged in meaningful discussions that will contribute to the development of our country and our continent. I go home with my spirits lifted and enthused that the challenges we face will be resolved as we continue working with our social partners and business at home, and our trade and diplomatic partners globally."
The President was accompanied by a delegation of Ministers that included the Minister of International Relations and Cooperation, Dr Naledi Pandor; Minister of Trade, Industry and Competition, Ebrahim Patel; Minister of Environment, Forestry and Fisheries, Barbara Creecy; Minister of Health, Dr Joe Phaahla; Minister in The Presidency, Khumbudzo Ntshavheni; and Minister in The Presidency for Planning Monitoring and Evaluation, Maropene Ramokgopa.
Distributed by APO Group on behalf of The Presidency: Republic of South Africa.
Loadshedding has become a significant concern for many South Africans. The frequent power outages not only disrupt daily life but also impact businesses and the economy. However, with the rise of innovative loadshedding solutions, there’s hope for a brighter and more consistent future. Understanding Loadshedding Loadshedding is a measure taken to prevent the power …
South Africa is witnessing a transformative shift in the energy landscape, and at the forefront of this change is a dedicated team committed to saving South Africans one solar installation at a time. Welcome to the heart of the country’s solar industry, where innovation, sustainability, and a brighter future unite. In this blog, we delve into the ethos …
Africa ready for new investment – President Ramaphosa
President Cyril Ramaphosa has told American business representatives that Africa is ready for new investment and strong partnerships.
The President was delivering remarks at the US - South Africa Trade and Investment Business Roundtable Dialogue in New York on Monday.
“Africa is ready for new investment and strong partnerships. South Africa is well positioned as the continent’s industrial centre, with deep capital markets, the rule of law, protection of property rights and a dynamic and youthful population.
“The significant presence of US companies operating in South Africa, including Ford, Coca-Cola, Pepsico, Procter & Gamble, Google, Amazon and Walmart, among many others, forms a base for increased investment,” the President said.
President Ramaphosa said he was pleased to hear that the US Africa Business Council and BUSA will be hosting the inaugural business and investment forum on the margins of the AGOA Forum scheduled to be held in South Africa in November 2023.
He said this platform will present the countries’ respective governments, private sectors and civil society with numerous opportunities to advance trade and investment relations.
“I look forward to our discussions and encourage your candid views. I also look forward to welcoming all of the companies present here today to South Africa in November this year during the AGOA Forum… I look forward to building and strengthening business relationships that will accelerate growth, enable commercial success and ensure prosperity for both our countries,” President Ramaphosa said.
Global prosperity
The President told the business representatives that global prosperity has been founded on greater levels of openness and engagement between nations and people.
He said in recent decades, a more open, rules-based trading system, complemented by deeper levels of cross-border investment, has helped to sustain and grow global GDP.
He said it has helped to increase employment in many countries and spur innovation and new technologies.
“Yet, the heightened tension of this moment has led to fragmentation, hostility and increasing protectionism. For South Africa, a divided world is not a good thing. We are a trading nation, with above average trade-to-GDP ratios. A significant part of our economic growth is driven by exports.
“We believe that the voices advocating greater dialogue and continued economic engagement between nations need to be strengthened,” he said.
Trade and investment agenda
Turning to the trade and investment agenda, President Ramaphosa said that they are finalising the modalities for the imminent launch of trade under the African Continental Free Trade Area.
“We expect that the first goods to be traded under this free trade pact would commence within the next six months or sooner. The AfCFTA, as it is called, will cover 1.3 billion consumers in countries possessing some of the world’s most valuable minerals and raw materials,” he said.
South Africa is working with the US Administration to make the case for the extension of AGOA to current beneficiary countries for a further period of 10 years, prior to its expiry in 2025, President Ramaphosa said.
He emphasised that the US remains a very important economic partner in trade and investment, with great potential to further expand economic ties.
Accompanying this trade agenda, the President said government has embarked on far-reaching economic reforms, including the energy market being restructured.
Economic reform agenda
Turning to the economic reforms agenda, President Ramaphosa said the country is also focusing on expanding its industrial capacity.
“The availability of critical raw materials in South Africa and in neighbouring countries is driving efforts to expand high-value manufacturing. This is a real opportunity for more US investment that can leverage off the demonstrated manufacturing base of South Africa.
“African growth rates provide a stable growth in aggregate demand over the next decade and more,” he said.
The recently published African Economic Outlook for 2023 noted: “Growth is projected to rebound to 4% in 2023 and consolidate at 4.3% in 2024, underpinning Africa’s continued resilience to shocks.”
The report goes on to say that Africa is endowed with 30% of the world’s mineral resources and 65% of the world’s uncultivated arable land, the world’s most productive forests both in timber and carbon retention resources, and ample solar, wind and hydropower.
“With this kind of potential, savvy investors will be expanding… their base in South Africa and the rest of the continent.
“Our economic reform agenda also includes targeted measures to open the market for more South Africans to participate,” he said.
The President told the business leaders that South Africa has increased its target for its investment drive to R2 trillion over the next five years.
“To appreciate the great opportunities in our economy, I invite you to the next South Africa Investment Conference, to be held in March 2024,” he said.
The investment drive includes an expansion of Special Economic Zones, the most recent of which was built around the Ford Motor Company plant in the capital city, Pretoria. Around 10 large factories now produce components for the scaled-up Ford plant. – SAnews.gov.za
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Tue, 09/19/2023 - 11:39
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Africa's boldest and most ambitious cleantech start-ups will take part in the Energy Investment Village (https://apo-opa.info/468SsAw), an exciting deal-pitching event at the Green Energy Africa Summit (https://GreenEnergyAfricaSummit.com), to be held in the heart of South Africa's Cape Town on 10-11 October at the CTICC2.
Held under the theme, “Unlocking Africa's Sustainable Energy Potential,” the Green Energy Africa Summit (GEAS) will provide unrivalled opportunities throughout its two-day programme for the continent's leaders in energy, finance, and social development, to meet with international investors, to find sustainable solutions to Africa's energy needs and a just transition to a green economy.
This highly anticipated event advocates for the harmonisation of Africa's natural resources, as well as policy reforms, to help usher in an energy transition that ensures the continent remains competitive and attractive to global finance. With over 1000 delegates from 67 countries, GEAS invites both public and private stakeholders across the energy value chain to collaborate, offer solutions, and build partnerships to help unlock Africa's true socioeconomic potential.
GEAS is thrilled to welcome its strategic industry partners, including The Banking Association of South Africa (https://www.Banking.org.za/) and The African Forum for Utility Regulators (https://AFURnet.org/). This year's agenda features a strong mix of discussions within dedicated content streams, from the Energy Strategy Forum on day one, to the Green Energy and Green Finance Forums on day two. Attendees can look forward to country and regional spotlights on South Africa and West Africa, as well as sessions led by finance and energy heavyweights. Find the full GEAS 2023 agenda here: https://apo-opa.info/3rfJNxm
The Energy Investment Village (EIV) is the GEAS's Lion's Den-style pitching event for cleantech companies, which will be held on 11 October. The finalists will be given an extraordinary opportunity to gain exposure, network with potential clients, and receive vital market validation. Most importantly, they will be given the chance to pitch for funding (https://apo-opa.info/468SsAw) from international investors.
“Africa's traditional, fossil-fuel-based energy cannot keep pace with its swift development. While the continent's abundance of natural resources can enable clean energy innovations, constraints like access to finance impedes the opportunities for local clean-tech innovators. Events such as the EIV open up direct pathways to decision-makers and funders, and are a critical enabler of the clean-tech ecosystem,” says RIIS CEO Davis Cook.
In partnership with Saldanha Bay Innovation Campus (https://www.InnovationCampus.co.za/), RIIS (https://EnablingInnovation.Africa/), and Anza Capital (https://Anza.Holdings/), and supported by Africa Scotland, JSE, Oceanhub-Africa, Savant, Firecracker, CHIETA, and SASOL, the EIV is delighted to introduce the outstanding finalists that have been selected to present their projects, which aim to revolutionise the energy landscape and promote sustainable development in Africa:
Don't miss out on the chance to engage with these visionary entrepreneurs and experts, as they demonstrate how their projects will address the energy challenges across Africa. From scalable solutions for rural communities, to innovative grid technologies, these finalists promise to inspire, educate, and shape a greener future for the continent.
Organised by Hyve Group Plc., the Green Energy Africa Summit is where the world connects with the African Energy sector. Register to attend here https://GreenEnergyAfricaSummit.com/. Attend the Green Energy Africa Summit to be part of the solution and connect with industry leaders, charting the way towards a sustainable clean energy transition for Africa.
Distributed by APO Group on behalf of Green Energy Africa Summit.
Media Contact:
Amie Sparrow
PR Manager
amie.sparrow@hyve.group
About Green Energy Africa Summit:
The Green Energy Africa Summit is a high-level gathering advocating for policy reforms and the harmonisation of Africa's natural resources, to help pave the way for a just energy transition to ensure Africa remains competitive and attractive to global finance. Green Energy Africa Summit takes place in the heart of Cape Town at the Cape Town International Convention Centre 2 (CTICC2) from 10-11 October 2023.