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Vantage Capital invests R346m into Procera Group

Location: Business
Vantage Capital Group

Vantage Capital (www.VantageCapital.co.za), Africa's largest mezzanine debt fund manager, announced that it has made a R346m investment into Procera Group (Pty) Limited (“Procera”), a leading South African business process outsourcing (BPO) services provider serving both South African and international clients.

Vantage's investment comprises of the acquisition of a significant minority equity stake from the Procera founders as well as the provision of a mezzanine facility to support future strategic acquisitions by Procera.

Founded in 1990 as a debt recovery solutions provider, over the last three decades Procera has evolved into an integrated BPO services group offering support solutions to its clients via several distinct brands along the customer life cycle. Procera currently services over 50 local and international blue-chip clients across key industries such as Retail, Financial Services, Energy and Telecommunications in geographies including South Africa, Namibia, United Kingdom, United States and Australia.

Procera's investment into its proprietary contact centre software, deployment of emerging technologies such as predictive analytics, generative AI and omnichannel communications continue to improve productivity and the customer experience. With over 2700 employees, Procera is a significant driver of impact through employment, training and skills development, especially for women and youth in the communities within which it operates.

South Africa is consistently ranked in the top two BPO locations globally driven by factors including customer experience supported by an empathetic English-speaking workforce and cultural affinity to various source markets, a favourable time zone, and its abundance of youth talent. The South African BPO market is expected to achieve a 13% CAGR over the next five years ahead of global growth forecasts for the sector of 8.5% CAGR. The sustained global growth is driven primarily by corporates seeking to effectively manage costs and streamline business functions.

Roshal Ramdenee, Associate Partner at Vantage Capital, said “Vantage sees a tremendous opportunity for both job creation as well as a positive economic impact as Procera continues its rapid international expansion and drives market leading technological solutions in the BPO space. Vantage is proud to partner with a very capable management team and committed long term investors.”

Warren van der Merwe, Managing Partner at Vantage Capital, added “It is rare in the current economic environment to find fast-growing South African businesses and ones that are truly competitive in developed markets.  Procera's founders, shareholders and management team have built an admirable business to date, and we are excited to invest into Procera's next stage of growth and development.”

Crispin Sonn, Chairman at Procera added “We are very pleased to have the long-term support of Vantage and its team of seasoned investors as we look to grow the Procera's business services footprint into international markets.”

PWC acted as financial advisor to the transaction, Werksmans acted as legal counsel for Vantage. Other advisors to the transaction included Step Advisory, Ernst and Young, Webber Wentzel, Eversheds, STBB, and IBIS Consulting.

Distributed by APO Group on behalf of Vantage Capital Group.

For more information contact:
Warren van der Merwe                                                 
Managing Partner – Vantage Capital                           
warren@vantagecapital.co.za
+ 27 (0) 11 530 9100

Roshal Ramdenee
Associate Partner – Vantage Capital
roshal@vantagemezzanine.com

Darshan Shah
Senior Associate – Vantage Capital
darshan@vantagecapital.co.za

About Vantage Capital:
Vantage Capital Group was established in 2001 and is the largest independent pan-African mezzanine debt fund manager on the African continent. It has raised funds of US$ 1.6 billion in seven distinct mezzanine and renewable energy debt funds as well as in a technology fund and has to date made 61 investments across the African continent.

Vantage has an office in Johannesburg, employees based in Cape Town, Nairobi, Lagos, Cairo, London, Dubai and Paris, and targets investment opportunities, with a focus on mezzanine debt, of US$ 10 - 50m across more than a dozen key African markets. Mezzanine debt is an intermediate form of risk capital, which is situated between senior debt, the lowest risk tranche of the capital structure, and equity, the highest risk. It combines elements of both debt and equity thereby providing companies with long-term funding on terms which are less dilutive to shareholders than pure equity.

Vantage recently launched an education investment platform which is targeting the education markets of Poland, Czechia, Romania, and Portugal.

Website: www.VantageCapital.co.za

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Innovative Trade Show Booth Display Strategies

Location: MyPR

Introduction In the heart of competitive marketplaces, trade show booth displays emerge as pivotal platforms for immersive brand storytelling and client engagement. These spaces are not merely physical structures but vibrant canvases where your brand’s vision comes to life, inviting interaction, and fostering business connections. As trade shows continue to be a cornerstone for direct …

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Africa Data Centres and DPA Southern Africa (SA) breaks ground on solar farm in Free State

Location: Business
Africa Data Centres

Africa Data Centres (www.AfricaDataCentres.com/) and DPA SA have broken ground on their solar farm in the Free State; The first phase will see power getting wheeled to its CPT1 facility; The second phase will see power being supplied to JHB1 and JHB2 once wheeling agreements with relevant municipalities conclude.

Africa Data Centres, a business of the Cassava Technologies group, is pleased to announce that it has broken ground on the construction of a solar farm in the Free State in collaboration with DPA Southern Africa.

This announcement forms a crucial component of the 20-year Power Purchase Agreement (PPA) inked in March 2023 with DPA Southern Africa a joint company of the French utility, EDF. The objective of the Free State farm is to furnish renewable energy to Africa Data Centres sites, commencing with its cutting-edge, carrier-neutral data centre in Cape Town, the CPT1 facility.

According to Cassava Technologies' President and Group CEO, Hardy Pemhiwa, “This initiative positions Africa Data Centres as a trailblaser in the data centre industry in responding to South Africa's energy crisis through sustainable technology solutions. This is in line with a broader industry shift towards innovative, eco-friendly practices. The strategic use of solar power showcases technology's role in pioneering solutions for energy challenges and environmental sustainability”.

Furthermore, Tesh Durvasula, CEO of Africa Data Centres, underscores the commitment to powering all data centres with clean, renewable energy sources. "Today's announcement represents a significant stride in our initiative to energise South African data centres sustainably, advancing our objective of achieving carbon neutrality. The first phase involves constructing the 12MW solar infrastructure to power our Cape Town data centre, with subsequent phases extending to our Johannesburg data centres.”

Nawfal El Fadil, the CEO of DPA SA, states, "Africa Data Centres, as a pioneer in the data centre industry, has consistently demonstrated a strong commitment to sustainability, aligning seamlessly with our company's values. We are thrilled and honoured to contribute to Africa Data Centres' mission of achieving carbon neutrality, beginning with the establishment of this solar power plant in the Free State to serve their data centre in Cape Town. At the heart of our collaboration lies a shared understanding that the path to carbon neutrality extends beyond infrastructure—it demands innovation, expertise, and collective determination to overcome challenges. DPA SA, backed by EDF's legacy, brings a wealth of experience and a proven track record in delivering high-quality, sustainable energy solutions to this partnership."

"We take immense pride in supporting Africa Data Centres on this journey, being among the pioneers in launching a wheeling solar plant, thereby paving the way for a greener, more sustainable future in South Africa," adds Nawfal El Fadil.

This project is a key element of Africa Data Centres' ambitious plans to emerge as the most sustainable colocation provider on the continent. "Beyond procuring renewable energy, our commitment to an efficiency strategy has earned us the internationally recognised ISO50001 certification for the effective operation of our data centres," Durvasula elaborates.

"Data centres worldwide face scrutiny for their reliance on grid power and renewables, and Africa is no exception. Africa Data Centres is actively addressing this issue by generating renewable energy, alleviating strain on the local grid. Additionally, our sustainability objectives encompass achieving net-zero status at all facilities, making this project another significant stride towards reaching that goal," concludes Durvasula.

Distributed by APO Group on behalf of Africa Data Centres.

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About Africa Data Centres:
Africa Data Centres is your trusted partner for rapid and secure data centre services and interconnections across the African continent.

Africa Data Centres is Africa's largest network of interconnected, carrier and cloud-neutral data centre facilities. Bringing international experts to the pan-African market. We are your trusted partner for rapid and secure data centre services and interconnections across the African continent. Strategically located, our world-class facilities provide a home for all your business-critical data. Proudly African, we are dedicated to being the heart that beats your business.

Africa Data Centres' aim is to unveil various business opportunities and to develop a strategic network of partnerships. This will further strengthen Africa Data Centres' superiority in providing our customers with the highest standard of interconnected, carrier and cloud-neutral data centre facilities throughout Africa. www.AfricaDataCentres.com/

About Cassava Technologies:
Cassava Technologies is a technology leader providing a vertically integrated ecosystem of digital services and infrastructure enabling digital transformation. Launched in 2021, the company was born out of a need to create a digitally connected future that leaves no African behind.  Through its subsidiaries, namely, Liquid Intelligent Technologies, Liquid Dataport, Liquid C2, Africa Data Centres, Distributed Power Africa, Sasai Fintech and Telrad, Cassava is a multinational technology company that has operations across key growth markets like Africa, the Middle East, Latin America and the United States of America. Cassava provides its customers in 94 countries with offerings that will help them grow, transform, and expand their operations. https://apo-opa.co/3U7rdmB   

About DPA Southern Africa:
DPA Southern Africa, a joint company of the French utility EDF and Distributed Power Africa, is at the forefront of the Southern African renewable energy market for businesses, laying the foundation for a sustainable and environmentally conscious future in South Africa and beyond.

Our commitment is to assist companies in achieving carbon neutrality and cost savings simultaneously by providing tailor-made renewable energy solutions that meet the specific needs of businesses. Our comprehensive offerings include on-site, wheeling, and storage solutions, offering businesses a holistic approach to sustainable energy management.

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FAW Trucks South Africa Supports Community Outreach At 15Th Annual Trucker’s Function

Location: MyPR

Vredendal, South Africa – 28 February 2024: FAW Trucks South Africa, in partnership with FAW Paarl – MyRide Commercial, proudly participated in the 15th Annual Truckers Function held in Vredendal on 22 February 2024. The event, which has been a staple in the transport industry for the past 15 years, aimed to raise funds for …

Read moreFAW Trucks South Africa Supports Community Outreach At 15Th Annual Trucker’s Function

Navigating the World of Courier Services

Location: MyPR

In the fast-paced world we live in, the demand for efficient, reliable, and versatile courier services has never been higher. Whether it’s a local business needing to send documents across town, an online shopper waiting for a parcel, or a global enterprise distributing products worldwide, courier services are the backbone of logistics and supply chains. …

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The Multifaceted Role of Abortion Clinics

Location: MyPR

Abortion clinics play a critical role in providing essential healthcare services to women, far beyond the singular service their name suggests. These clinics have evolved to become comprehensive healthcare centers that address a wide array of women’s health needs. From offering contraceptives to conducting STI testing and providing Pap smear tests, these clinics serve as …

Read moreThe Multifaceted Role of Abortion Clinics

Globeleq to build Africa’s largest standalone battery energy storage system in South Africa

Location: Business

British High Commission Pretoria
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UK company Globeleq, the leading independent power company in Africa, today announced that its Red Sands project in the Northern Cape has been awarded Preferred Bidder status in South Africa's Energy Storage Capacity Independent Power Producer Procurement Programme (ESIPPPP). Globeleq is majority-owned by British International Investment (BII), the Development Finance Institution of the UK Government.

Battery storage is an essential enabler of renewable-energy generation, and the market for these systems is growing rapidly in South Africa and worldwide as a means of resolving energy crises and tackling climate change. These systems provide reliable power supply on demand, even when the energy grid is unstable, overcoming the challenges of intermittent wind and solar sources. They store energy at times of excess generation so that it can be released into the grid when generation falls short of demand, helping to mitigate the need for load-shedding.

Experts say that widespread energy storage is vital to expanding the reach of renewables and speeding the transition to a carbon-free power grid - this is key to helping reduce South Africa's reliance on fossil fuels as it seeks to transition to clean energy. This R5.7 billion (US$300 million) investment therefore represents a flagship project financed by the UK as part of its commitment under the Just Energy Transition Partnership agreed at COP26.

The Red Sands project is in the Northern Cape, about 100km southeast of Upington, and was originally developed by African Green Ventures, a South African renewable project development company owned by Norwegian based energy firm Magnora ASA. The project will cover approximately 5 hectares (12 acres) and will connect to the grid through the Eskom Garona substation. The substation will be upgraded by the Red Sands project to ensure that full network support capabilities of the project's batteries can be utilised.

Working closely with leading global battery and balance-of-plant suppliers, Globeleq estimates that the project will require an investment of approximately US$300 million and will take 24 months to construct after financial close, which is expected in 2024.

Globeleq is the largest independent power produce in Africa, providing nearly 1,800 MW of energy in South Africa, Mozambique, Kenya, Tanzania, Cote d'Ivoire, Egypt and Cameroon. Globeleq is a UK company based in London and backed entirely with Official Development Assistance (UK aid).

Red Sands will be Globeleq's first Battery Energy Storage Solutions (BESS) project in South Africa but the Group owns and operates a combined solar and BESS plant at Cuamba in Mozambique, and is developing BESS projects across the African continent. Globeleq also owns and operates 8 renewable plants (6 solar PV, 2 wind) in South Africa with a total generating capacity of 384 MW.

Mike Scholey, Globeleq's CEO commented:

"I am delighted that we have received Preferred Bidder status for this very important project, and I look forward to working with the government and our partners to take Red Sands to financial close and into operations. Electricity storage is going to be key not only in helping South Africa meet its considerable industrial and domestic demand for energy but also across Africa as more renewable energy projects benefit from the advances our industry has made with BESS technology."

British High Commissioner to South Africa, Antony Phillipson said:

"This is a significant investment in South Africa's future. The UK is proud to play such a vital role in helping to tackle the energy crisis with new technology that will bring power supply stability and most importantly support South Africa's ambition to reduce carbon emissions."

Distributed by APO Group on behalf of British High Commission Pretoria.

Read moreGlobeleq to build Africa’s largest standalone battery energy storage system in South Africa

Government accelerates programme to connect citizens to internet

Location: News

Government accelerates programme to connect citizens to internet

Government intends to connect 1.5 million households in rural and township areas by the end of the year to the internet, enabled by Wi-Fi hotspots.

Addressing a media briefing in Pretoria, the Minister of Communications and Digital Technologies, Mondli Gungubele, said government plans to connect 5.5 million households in rural and township areas to Wi-Fi hotspots in the next three to four years.

“We are dedicated to bridging the digital divide by providing Wi-Fi access to communities and ensuring universal access to the internet. This year, we have connected over 740 000 households to the internet, enabled by the installation of 4 250 Wi-Fi hotspots.

“This work involved the participation of 76 Internet Service Providers, which are Small, Medium and Micro Enterprises (SMMEs), and resulted in 4 500 direct jobs, and many more indirect jobs and opportunities downstream,” Gungubele said on Thursday.

He said government has made strides in reducing the cost of data.

“Simply put, where our flagship programme, SA Connect, visits, villages are left connected to the internet at an incredibly affordable rate of R5 a day per 1 Gig, and as little as R250 a month on an unlimited package.

“Beyond this infrastructure investment in communities at large, we have also focused our attention on enabling learners in rural schools to be connected to the internet and are equipped with skills to ready them for the future through State Information Technology Agency (SITA) Cyber Labs – a privilege previously reserved for urban schools.

“We have so far launched these smart schools in KwaZulu-Natal, Limpopo, Eastern Cape, the North West and Northern Cape provinces, with more yet to be established in other parts of the country. In addition to the computer laboratory and equipment that comes with it, learners receive skills training in robotics, coding and digital skills,” Gungubele said.

National Digital Skills Forum

In preparing young people for digital transformation and the digital economy, the Department of Communications and Digital Technologies recently launched the national Digital Skills Forum (DSF), which brings together the necessary expertise, financial resources and institutional support as well as to track the performance of the National Digital Skills Programme.

The forum will also provide guidance and oversight on implementation of the National Digital Skills Programme.

“[This] is a ‘Digital Skills Massification Drive’ that empowers youth in particular and offers them an opportunity to become Digital Skills Ambassadors to train their communities in digital skills.

“The programme has been successfully rolled out in the North West, KwaZulu-Natal, Limpopo and Free State provinces. It is currently underway in the Eastern Cape province and is intended to be rolled out to all provinces in South Africa. To date, over 20 000 citizens in these provinces have been successfully trained by ambassadors on basic digital literacy concepts,” the Minister said.

Digitisation of government services

Through the State Information Technology Agency (SITA), the department has developed a National e-Government Portal (www.eservices.gov.za), with 92 digitised government services.

This past year, the digitised services has attracted the utilization of over 899 394 logins, with over 1.4 million registered users.

“In the 2024/25 Financial Year, SITA will ensure 98% core network availability for 7 570 connected government sites cutting across national and provincial departments.

“Complementing the SA Connect programme, SITA will launch a National Broadband Project worth at least R6 billion, that will be awarded per region and ensure that government reduces the cost and duplication of connectivity infrastructure from municipalities up to national government level.

“This project will also ensure that designated groups such as enterprises owned by women and youth are empowered with at least forty percent (40%) value of this project, whilst creating opportunities for innovative locally developed solutions to find traction in our market,” the Minister said.

Work has begun to improve key value chains and processes of SITA towards meeting efficiency expectations in building a resilient modern digital environment for an evolving South Africa.

“To this end, a special directed intervention in the form of, the SITA Ministerial Task Team to fast-track procurement backlogs has commenced work. SITA is in the process of meeting all clusters and provinces to find resolutions to all their urgent Information and communications technology (ICT) challenges,” he said. – SAnews.gov.za

nosihle
Fri, 04/05/2024 - 10:22

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Snagging Driving Test Cancellations

Location: MyPR

In the UK, securing a driving test slot can feel like a game of patience and luck, especially with the notorious wait times that can extend for months. However, there’s a strategy to bypass the wait: driving test cancellations. This guide will walk you through how to find these elusive driving test cancellations and book your test …

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Cultivating the market for green flooring solutions

Location: MyPR

Mathe Group’s Hammarsdale facility, which recycles approximately 1 000 radial truck tyres per day to produce 45 tons of rubber crumb, is a pivotal export hub. Although many of its products are distributed internationally, the innovative rubber flooring solutions which helped establish this growing company in the first place, continue to highlight its global reach …

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South African Agency Shakes Up PR Landscape: ‘Pay What You Can’ Model Empowers Startups

Location: MyPR

Johannesburg, South Africa, 2 April 2023 – A story of resilience and reinvention takes centre stage as South African communications powerhouse, JT Communication Solutions, celebrates its 20th anniversary on April 1st, 2024. Founded by Vanessa Perumal, a resilient business trailblazer and cancer survivor who defied the odds, JT Comms remains the first Black woman-owned communications …

Read moreSouth African Agency Shakes Up PR Landscape: ‘Pay What You Can’ Model Empowers Startups

Trina Solar Powers Groundbreaking Mooi Plaats 283MWdc Photovoltaic power plant in South Africa

Location: News
Trina Solar

Trina Solar (https://www.TrinaSolar.com/), a global leader in smart PV and energy storage solutions, has announced its partnership with China Energy International Group and China Gezhouba Group to power Mooi Plaats 283MWdc ground photovoltaic power plant project in the Northern Cape Province of South Africa. The project is financed by EDF Renewables, in conjunction with South Africa's local financial institutes.

The signing ceremony, held to mark this significant collaboration, underscores Trina Solar's commitment to driving renewable energy forward in Africa. The project will harness the power of 416,325 panels from the NEG21C.20 Vertex N, with impressive efficiency up to 23.2%. These modules are based on the 210mm product technology platform and excel in power, efficiency, reliability, and levelized cost of energy (LCOE). With a project duration of 22 months, the power generated from Mooi Plaats project will be connected to the Koruson substation, 12 km away via a 132 kV transmission line.

"We are proud to partner with China Energy International Group and China Gezhouba Group to bring this groundbreaking project to fruition," said  Bao Yang, President, Global Sales & Marketing at Trina Solar. “With a total capacity of 283MWdc, the Mooi Plaats PV Power Plant project is considered the largest single PV power plant project in South Africa and is set to make a substantial impact on the region's energy landscape. This collaboration exemplifies our shared commitment to driving sustainable development and powering the future of energy in South Africa." added Yang.

"We are excited to join forces with Trina Solar on this landmark project," said Hu Yuhong, General Manager at China Energy International Group South Africa. "This collaboration represents a significant step towards achieving our shared goal of promoting clean energy and sustainable development in South Africa."

 Chen Zhipei, Project Manager of Mooi Plaats project, at China Gezhouba Group, commented, "As a leading player in the global energy sector, we are proud to contribute our expertise to this project, which will not only deliver clean, reliable power but also drive economic growth and job creation in the region."

The Launch of 283MWdc Mooi Plaats PV Power Plant project represents a major milestone in South Africa's new energy market, Trina Solar is honored to contribute its expertise and technology to this transformative project, which will not only accelerate South Africa's transition to clean energy but also create new opportunities for economic growth and environmental stewardship.

Distributed by APO Group on behalf of Trina Solar.

About Trina Solar:
Founded in 1997, Trina Solar Co Ltd (stock symbol: Trina Solar; stock code: 688599) is engaged mainly in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy comprises mainly PV power generation and operations and maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. We are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future.

On June 10, 2020, Trina Solar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange(SSE). It was the first PV and energy storage company to go public on the STAR Market providing PV products and systems, as well as smart energy. For more information, please visit www.TrinaSolar.com.

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ExxonMobil Foundation Collaborates with JA Africa on $300,000 science, technology, engineering and mathematics (STEM) Program

Location: News
JA Africa

Program to provide STEM and problem-solving skills to students across continent; Students to compete for chance to attend major regional industry conference; Aims to develop the next generation of African thinkers and workforce.

The ExxonMobil Foundation and JA Africa have launched the "ExxonMobil STEM Africa” initiative, a $300,000 program to promote science, technology, engineering and mathematics (STEM) for approximately 3,000 African students across Nigeria, Namibia, Angola and Mozambique.

The program will prepare middle and high school students for future STEM careers through immersive quizzes and hands-on experiences at Innovation Camps. The camps, delivered by JA Africa, will teach new approaches to addressing STEM-related challenges.

“Growing students' STEM skills is key in developing the next generation of problem solvers across Africa,” ExxonMobil Foundation President Alvin Abraham said. “We're excited to see how these young minds apply what they've learned through our program.”

Teams who present the best STEM solutions will represent their countries at a major regional industry conference in Cape Town, South Africa. Students will gain cross-cultural exposure, learn about energy from a global perspective and showcase their ideas while connecting with industry leaders.

“In an era where technology and innovation propel the global economy forward, Africa's position at the forefront of technological advancements is crucial for maintaining competitiveness and sustainable development,” said JA Africa President and CEO Simi Nwogugu. “We are grateful to the ExxonMobil Foundation for this partnership to nurture STEM competencies to shape Africa's future."

To learn more about the program, visit https://ExxonMobilSTEMsAfrica.org/

Distributed by APO Group on behalf of JA Africa.

About ExxonMobil Foundation:
The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation in the United States. The Foundation engages in a range of philanthropic initiatives in areas where the company operates around the world, with a strategic focus on science, technology, engineering, and math (STEM) education.

About JA Africa:
As one of Africa's largest and most impactful youth-serving NGOs, JA Africa delivers hands-on, immersive learning in work readiness, financial health, entrepreneurship, sustainability, STEM, economics, citizenship, ethics, and more. JA Africa has a presence in 16 countries in Sub-Saharan Africa and collectively we reach more than 900,000 youth in more than 3,000 schools each year. JA Africa Works in Burkina Faso, Côte d'Ivoire, DRC, Eswatini, Ghana, Kenya, Madagascar, Mauritius, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia, and Zimbabwe. Learn more at www.JA-Africa.org.

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Expect More From This Round Of Negotiations

Location: MyPR

Incendiary rhetoric related to main agreement negotiations has been a recurrent issue post 2010 and as this year’s negotiations approach, expect more of it. In an economy hit by double-digit contraction, battered by an unprecedented and alarming jobless rate and languishing in sub-optimal economic growth, what should the key stakeholders – organized business and labour …

Read moreExpect More From This Round Of Negotiations

Informative Webinar on available renewable energy projects in Kwazulu-Natal

Location: News

Ministry of Foreign Affairs - Sri Lanka
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The Sri Lanka High Commission in Pretoria, South Africa, in collaboration with the Sri Lanka Export Development Board (EDB) and the Gauteng Office of Trade and Investment Kwazulu-Natal, organized an informative webinar on "Available Renewable Energy Projects in Kwazulu-Natal" for Sri Lankan renewable energy companies on 26 March 2024.

The Acting High Commissioner of Sri Lanka in Pretoria and, Acting Director General of the Sri Lanka Export Development Board Anoma Premathilake, welcomed all the participants and introduced the webinar's objectives to the participants.

Manager of the Gauteng Office of Trade and Investment Kwazulu-Natal Donnee Kruger, explained the current energy crisis in South Africa and possible solutions with renewable energy sources. She explained that South Africa has introduced "Energy one-stop," which provides a single-window facilitation process for energy projects and spoke of the current energy environment and opportunities in South Africa.

The High Commission of Sri Lanka in Pretoria invited guest speakers Deoline Subramany and Michelle Visser from ART Solar company and Leo Williams from Photon Energy South Africa, who spoke of the capacity of their companies in producing renewable energy in South Africa.

Eighteen Sri Lankan companies joined the webinar and engaged with the speakers, requesting information on tariffs, concessions, and the approval process for projects.

Second Secretary (Commerce) of the Sri Lanka High Commission Thiloka Perera, and Director of Export Services Indumini Kodikara delivered the vote of thanks at the conclusion of the webinar.

Distributed by APO Group on behalf of Ministry of Foreign Affairs - Sri Lanka.

Read moreInformative Webinar on available renewable energy projects in Kwazulu-Natal

Glencore Coal celebrates the success of local businesses in ESD Program

Location: MyPR

Glencore Coal proudly recognises the achievements of graduates from its Enterprise Supplier Development (ESD) program, marking another milestone in its commitment to fostering local entrepreneurship and economic growth. Launched in 2021, the program has been instrumental in equipping aspiring entrepreneurs with essential skills and resources to enhance their businesses, thereby contributing significantly to local economies. …

Read moreGlencore Coal celebrates the success of local businesses in ESD Program

Government to work with transport sector for economic growth

Location: News

Government to work with transport sector for economic growth

Minister of Transport Sindisiwe Chikunga has reaffirmed government's commitment to fostering a transport ecosystem that is agile, responsive and adaptable to the evolving needs of society and the changing global landscape.

“Transport plays a critical role in shaping the societal, economic, and spatial landscape of our nation. With mandates spanning across rail, road, civil aviation, maritime, public transport, and macro planning, the Department of Transport and its entities hold a significant responsibility in driving forward the country's developmental agenda,” Chikunga said on Tuesday.

She made these remarks during a strategic workshop for the transport sector, which served as a platform for strategic conversations and dialogue, fostering a shared understanding of mandates and a unified vision for the transport portfolio.

“From roads and highways to railways, airports, and seaports, a well-established transportation network not only facilitates the movement of goods and people but also acts as a catalyst for economic development.

“It is imperative that policymakers, businesses, and communities work together to prioritise sustainable infrastructure development that meets the needs of present and future generations. Only through concerted efforts can we build a transport infrastructure that drives inclusive and sustainable development for all,” Chikunga said.

The Minister outlined key priorities essential for driving the transport sector forward.

These priorities, spanning various facets of transport infrastructure and operations, underscore the government's commitment to enhancing efficiency, sustainability, and accessibility within the transport ecosystem.

She reiterated the importance of revitalising rail infrastructure and operations.

Key priorities in this domain include the recovery of rail major corridors, signalling system, implementation of the station modernisation programme, and expansion and modernisation of rolling stock.

“The recently launched National Rail Policy underscores the necessity for collaborative efforts aimed at fostering transformation and ensuring fair competition within the sector,” she said.

The Minister stressed the importance of finalising key policies such as the Roads Funding Policy and the Public Transport Subsidy Policy.

This being the last strategic workshop for the transport sector in the sixth administration,  the workshop undertook a robust review of the mandate analysis of the Department and its entities,  review of its achievements in the current term,  analysis of the legislative frameworks and the need for its modernisation as well as building of institutional capacity, governance and leadership.

The Minister underscored the importance of transitioning towards greener transport solutions.

Priorities in this domain include developing the Transport Just Transition plan, raising public awareness on the Electric Vehicles (EV) Regulatory Framework, and collaborating with the Department of Trade, Industry, and Competition (DTIC) on implementing the Green Transport Strategy. – SAnews.gov.za

 

 

nosihle
Wed, 03/27/2024 - 10:11

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South African projects seize opportunity to tackle climate crisis and create jobs

Location: News

British High Commission Pretoria
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The businesses were chosen from 173 applications following a rigorous selection process. The chosen projects come from the energy, transportation, agriculture, forestry and other land uses, circular economy and water sectors.

The businesses concerned will receive tailored one-to-one and group support from financial, technical and gender equality and social inclusion experts to help increase their chances of securing finance from South African and international investors. For the first time, two separate cohorts have been created to trial providing capacity building to promising early-stage projects.

So far, almost a third of projects from the first two phases of CFA South Africa have found investment since participating in the programme.

British High Commissioner to South Africa, Antony Phillipson said:

"South Africa has a huge number of companies and organisations with innovative ideas on how to tackle climate change. Support provided to these projects will help them secure investment, deliver green growth and jobs and contribute to South Africa meeting its climate commitments."

The 10 core cohort projects will undertake intensive capacity building before pitching to investors at an event in July, which early-stage projects will also be invited to attend.

The 5 projects selected in the early-stage pilot will have the opportunity to attend elements of the core capacity building training and will be encouraged to share their experiences with members of the core cohort, who may act as mentors.

CEO of the National Business Initiative (NBI), Shameela Soobramoney said:

"NBI believes that identifying and supporting innovative, low carbon companies across key green economy sectors is not just a strategic initiative, but a moral imperative. These companies represent the vanguard of progress, offering solutions to some of the most pressing challenges facing our country and the globe."

"Initiatives like CFA illustrate how targeted support, collaboration, innovation, and unwavering dedication can pave the way for a brighter, greener future for generations to come. If we don't create the future we want, the one we get will be worth infinitely less."

CEO of GreenCape (GC), Michael Mulachy said:

"Food systems, rare earth metal beneficiation, storage, e-mobility, waste and sanitation are all featured in this year's CFA finalists. This incredible cohort have solutions to some of the most pressing green economy challenges globally."

"Each finalist has found its niche in South Africa and has the potential to scale up rapidly – creating much needed jobs and investment in South Africa's green economy. The CFA programme has been an incredibly effective launch pad for these innovative green companies and GreenCape is eager to see the impact of this cohort."

The 10 core cohort projects are:

  • Charge - catalysing the decarbonisation of the transport sector by installing 120 off-grid, green-powered, ultra-fast charging stations for passenger and light delivery vehicles. Located approximately 150 km apart, this first phase of installations covers South Africa's major highways and regional routes (18,200 km).
  • Creslow Energy Solutions - renewable battery manufacturer based in Mpumalanga. The energy storage solution is aimed at leisure, commercial and industrial markets (battery packs are suitable for small to medium factories and shopping malls), as well with specialised solutions provided for the mining sector.
  • Cultura Fresh - expanding the existing successful hydroponic vegetable business to meet persistent excess demand. Cultura Fresh is currently the largest supplier of leafy greens in Western Cape. This expansion will create jobs and boost food security.
  • EWaste Africa - expanding EWaste Africa's existing offer of  storing, collecting, transporting and end-of-life management of e-waste by diversifying into reuse, refurbishment and repair of e-waste (electrical, electronic, solar and lighting equipment waste) and increasing recycling facilities for hazardous e-waste.
  • Loowatt - providing high-quality ‘Kalula' home toilets to customers in urban neighbourhoods that lack adequate sanitation access.
  • Manganese Metal Company - constructing a 5,000 ton per annum manganese sulphate monohydrate (MSM) plant, to be located in Mbombela. MSM is a key ingredient in electric vehicles batteries.
  • MycoSure - addressing sustainable food production by developing mycelium-based submerged biomass fermentation technology to produce alternative protein and nutraceutical ingredients at scale.
  • Nambu - turning food ‘waste' into high value insect protein for livestock and pet feed - including dog kibble, liquid based feed additive and a basic ruminant feed - as well as pelletised frass (fertiliser),
  • SOCO CAPITAL - a spin off from an Engineering Procurement and Construction company, now an Independent Power Producer delivering comprehensive solutions, including fully funded solar PV (Power Purchase Agreement) and battery offerings available for rental.
  • Valternative Energy - bringing next-generation clean energy solutions to the e-mobility sector in South Africa with electric bikes, smart batteries and swap stations.

The 5 early-stage cohort projects are:

  • Aquagel - Regenr8 is addressing climate change through food security. Regenr8 does this by offering organic bio-stimulant that disrupts the chemical fertiliser industry and stores CO2 in the soil for hundreds of years.
  • Breev - Breev has a vision of an EV charger in every town in Africa and currently aims to expand EV charging along 980,000 km of roads in South Africa and Kenya, doubling mobility options and reducing environmental impact.
  • React - enhancing access to recycling services and ethical standards by setting up decentralised micro material recovery facilities in low-income areas, integrating informal waste reclaimers as operators, and providing them with access to recyclables and eco-friendly transportation.
  • Smartfill - connected smart dispensers enabling consumers to accurately fill any container with the quantity of dry food they need, eliminating plastic packaging.
  • Solarfi - is set to connect 5 million individuals by distributing more than 500,000 innovative lantern-routers, delivering both internet and lighting to off-grid communities and driving progress through sustainable technology.

Distributed by APO Group on behalf of British High Commission Pretoria.

Read moreSouth African projects seize opportunity to tackle climate crisis and create jobs

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