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Maintaining a resilient supply chain for Maintenance, Repair, and Operations (MRO) is crucial for businesses across various sectors In today’s fast-changing and unpredictable world, maintaining a resilient supply chain for Maintenance, Repair, and Operations (MRO) is crucial for businesses across various sectors. The goal is not just to withstand disruptions but to adapt and thrive …
Exness (https://apo-opa.co/3LKDl87), one of the largest multi-asset retail brokers in the world, has announced that it has reached yet another significant regulatory milestone. The Financial Sector Conduct Authority (FSCA) has granted the company an ‘Over-the-Counter Derivative Provider' (ODP) license in South Africa, broadening its license portfolio.
This achievement underscores Exness' dedication to client security, high regulatory standards, and transparency within the South African market.
The ODP license mandates stringent risk management protocols, and reporting standards, providing clients with an extra layer of protection in the trading environment. This enhanced regulatory status further reinforces Exness' position as a trusted broker for local traders.
Paul Margarites, Exness Regional Commercial Director, said, "The ODP license acquisition signifies a significant stepping stone for Exness in South Africa. Our promise to provide a frictionless trading experience doesn't stop at trading conditions and a seamless client journey but extends to robust safety and security measures that put our clients first. In today's online trading landscape adherence to the FSCA's stringent standards ensures that our South African clients have an extra layer of peace of mind when trading with Exness.”
Exness uses technology and ethics to raise the industry benchmark and create favourable conditions for traders. It offers clients a frictionless trading experience through its superior proprietary platform and unique market protections, allowing traders to experience how the markets should be.
Distributed by APO Group on behalf of Exness.
It is irrational to expect people who can’t afford food to have a smartphone and internet access
Fund members urged to get financial advice on pension fund withdrawals
With the President signing into law the Pension Funds Amendment Act (31 of 2024), National Treasury has urged fund members to seek trustworthy financial advice to consider the implications for withdrawals from the savings component.
“Fund members should also note that administration costs and tax at marginal rates will be deducted from such withdrawals. Members will lose out on all related future growth and the retirement benefit originally intended for those funds,” National Treasury said on Tuesday.
The signing into law of the Pension Funds Amendment Act ushers in the last part of the significant amendments required to implement the two-pot system to commence on 1 September 2024 after proclamation by the President.
The Pension Funds Amendment Act provides for certain amendments to the Pension Funds Act, 1956, the Post and Telecommunications-related Matters Act, 1958, the Transnet Pension Funds Act, 1990 and the Government Employees Pension Law, 1996, which are necessary to enable retirement funds, including public sector funds, to implement the two-pot reform.
READ | President Ramaphosa signs Pension Funds Amendment Bill into law
These changes follow the related amendments to the Income Tax Act, which are contained in the Revenue Laws Amendment Act (12 of 2024).
“The main intention of the two-pot system reform is to improve South Africa’s retirement outcomes for members at retirement through the preservation of a larger portion of the retirement savings.
“At the same time the reform allows some measured access in cases of financial distress without a member having to resign from employment.
“The new two-pot retirement system creates a more sustainable retirement fund system, while increasing flexibility to cater to the differing needs of members. The system will provide a welcomed relief mechanism for people in real crises to access emergency funds without resorting to loan sharks or having to quit their jobs to access their retirement savings, while ensuring a larger portion of those savings are preserved until retirement,” National Treasury said.
Retirement funds and trustees are now in the process of aligning their fund rules with the changes to the acts and should be communicating with fund members about these rule changes and processes to be followed for savings benefit withdrawal claims.
Fund rule amendments still need to be submitted to the Financial Sector Conduct Authority for approval before implementation.
“Most funds are set to implement the new split for contributions to the two new components (i.e. savings component and retirement component) on 1 September 2024, as planned.
“They will also calculate the once-off seeding capital value using the vested component (i.e. retirement savings accumulated before implementation date) on 31 August 2024, that will be available for transfer to the savings component and accessible to members from 1 September 2024.
“However, not all funds will likely be able to process withdrawal requests immediately on 1 September 2024, as the systems to do so and the mechanics to request such withdrawals will still be new or are being installed. Funds that are ready for such withdrawals will also need some time to process requests,” National Treasury said. - SAnews.gov.za
nosihle
Tue, 07/30/2024 - 09:12
In a nail-biting 2024 Ignition Group Polocrosse World Cup final on Sunday, South Africa narrowly beat reigning champions, Australia 29-28 – earning them a third World Cup title. Sunday’s final concluded a fantastic competition which ran from 17 to 28 July at the Durban Shongweni Club in the Valley of 1000 Hills. Spectators were kept …
Introduction Soweto, short for South Western Townships, is one of the most historically rich and vibrant areas in Johannesburg. A Soweto tour offers a unique glimpse into South Africa’s past and present, making it a must-visit for anyone exploring Johannesburg. The Origins of Soweto Soweto’s origins date back to the early 20th century when …
Strong bipartisan backing from the US for the reauthorisation of AGOA
South Africa’s position at the 21st African Growth and Opportunity Act (AGOA) Forum was to reset and create partnerships with an emphasis on industrialisation, building a capable state and job creation.
“As the dtic [Department of Trade, Industry and Competition] family, we regard the AGOA Forum as a crucial engagement reinforcing the strong economic ties between South Africa and the United States and our African continent,” Trade, Industry and Competition Minister Parks Tau said.
He said the mutually beneficial economic and trade partnership was highlighted by the more than 600 US businesses operating in South Africa and with over 1.3 million jobs created in sub-Saharan Africa.
The Minister was addressing the media in Cape Town on Tuesday to present some of the major outcomes that emanated from the two international engagements, AGOA and the 14th BRICS+ held in the United States and in Moscow, Russia, recently.
Parks said South Africa received strong bipartisan backing from the US Congress and colleagues in the US Administration for the reauthorisation of AGOA.
Proposals presented by the South African delegation included the extension of AGOA for stability, improved rules of origin, and adjustments to the eligibility review process to preserve regional value chains and enhance Africa’s manufacturing capabilities.
“The importance of maintaining these value chains was emphasised, with calls for AGOA enhancements to support the Africa Continental Free Trade Area (AfCFTA) integration.
“AGOA and AfCFTA should be viewed as complementary forces crucial for Africa’s economic integration rather than as separate entities.
“AGOA has significantly expanded Africa’s access to US markets, while AfCFTA aims to create a unified continental market by eliminating tariffs and fostering economic cooperation among African nations,” Parks said.
Parks said to fully leverage both frameworks, AGOA’s provisions should be enhanced to support AfCFTA’s goals.
“This includes extending AGOA to provide trade stability, improving rules of origin to streamline the integration of regional value chains, and adjusting the eligibility review process to reflect AfCFTA’s progress,” he said.
The Minister said by aligning AGOA with AfCFTA, Africa can create a more cohesive economic structure that boosts intra-African trade, enhances manufacturing capabilities and integrates regional economies into the global market and driving sustainable growth across the continent.
“I would like to commend Deputy Minister Andrew Whitfield for his exceptional facilitation during the highly contested meeting that determined the host nation for AGOA in 2025. He navigated such a challenging and contentious environment skillfully. DM Whitfield's adept handling of the situation was crucial in achieving a balanced and effective outcome.
“Equally, Deputy Minister Zuko Godlimpi represented South Africa at the pivotal BRICS+ Trade Minister’s Meeting. A key from the BRICS+ Meeting was to call for a predictable, fair and equitable trade environment consistent with WTO’s rules as crucial for advancing economic prosperity,” the Minister said.
The outcomes emanating from the BRICS+ Meeting included, among others:
- The need for coordinated multilateral action on climate change and expressed concerns about unilateral measures like the Carbon Border Adjustment Mechanism (CBAM) impacting developing countries. Furthermore, they agreed to ensure climate measures respect WTO commitments and resist discriminatory practices.
- The potential of e-commerce to enhance market access and economic growth with calls for developing international rules and standards to address challenges such as cross-border taxation and data privacy.
- The role of SEZs in driving economic growth and investment was discussed, with a commitment to sharing best practices.
Parks said both the AGOA Forum and the BRICS Trade Ministers Meeting were fundamental in advancing international trade relations and economic cooperation.
“These engagements underscore the importance of cooperative trade relations in shaping a more equitable and sustainable global economy.
“They both underscore South Africa’s commitment to pursue transparent and strategic partnerships with both our Global North and Global South partners guided by the global policy and programmatic blueprints such as the SDGs, the Paris Climate Accord, the AU’s Vision 2063, and our very own NDP,” Parks said. – SAnews.gov.za
Edwin
Tue, 07/30/2024 - 12:32
After achieving the fastest 10km time of his career with a second-place finish at the iconic Absa RUN YOUR CITY DURBAN 10K on 7 July 2024, Kabelo Mulaudzi is confident in his chances of successfully defending his title at the Absa RUN YOUR CITY TSHWANE 10K on Sunday, 25 August. Mulaudzi’s confidence soared with his …
World faces era of new economic challenges
The world is entering an era of new economic challenges, even as the recent ones have yet to be overcome, says South African Reserve Bank (SARB) Governor Lesetja Kganyago.
“The global economy continues on a long recovery path from the pandemic. This path has been a troubled one, and despite better prospects in recent months, remains beset by risks and vulnerabilities built up during the pandemic.
“Inflation remains stubbornly high, and public debt levels globally are at record levels,” the Governor said on Tuesday.
Addressing the 104th annual Ordinary General Meeting of the SARB shareholders in Pretoria, Kganyago asserted that technological development carries both risks to cybersecurity and the hope of large and sustained boosts to global productivity.
“Inflation remains a major policy concern for central banks globally. Although global inflation declined from 8.7% in 2022 to 6.8% in 2023 and continues to ease in 2024, it remains high relative to the 2–3% inflation targets that many countries are trying to achieve.
“Restrictive monetary policy, along with the recovery in supply chains and other pandemic-related bottlenecks, has helped inflation to recede from its 2022 highs. However, global disinflation has slowed recently, as is well illustrated by consumer price inflation in the United States (US) still sitting at 3% relative to their 2% target,” Kganyago said.
He said the slow pace of disinflation reflects a pattern of lower imported inflation but higher services inflation across most economies.
“In some [economies], rising wages and sustained pent-up demand for services have been key factors. In emerging markets specifically, fiscal challenges and sustained currency depreciations have played more of a role.
“Policy commitment to reduce inflation back to targets has been strongly signalled around the globe, and central banks have generally been cautious in their approach to policy. Deepening geo-economic fragmentation, higher temperatures and other supply-related risks raise concerns about the long-term prospects for inflation, and considerable effort is going into reassessments of neutral real rate levels,” the Governor said.
While inflation remains higher than desired, global economic activity has proven to be more resilient than expected.
“Global growth surprised higher at 3.3% in 2023, despite considerable divergence in growth across individual economies. Generally, however, global growth rates are expected to remain below pre-pandemic trends. This reflects the impact of protectionist measures on global trade, relatively tight financial conditions as well as uncertainty of future policy trajectories,” Kganyago said.
Domestic real economy developments
Despite South Africa’s low economic growth, employment levels have recovered the 2.2 million jobs lost during the height of the pandemic.|
“As of the first quarter of this year, total employment surpassed its 2019 level. Nonetheless, job creation has been too slow and not enough to offset the growth in the labour force, leaving the unemployment rate elevated at 32.9% in the first quarter of this year,” the Governor said.
The South African economy slowed to 0.7% in 2023 from 1.9% in 2022, and remains well below growth in peer emerging markets.
“Load shedding and logistical challenges have been weighing heavily on economic activity, depressing the credit appetite of businesses and the spending of households.
“South Africa’s tailwind for growth coming from strong terms of trade continued to fade, despite still remaining at historically good levels. Exports also suffered over the past 12 months from energy and logistics challenges as much as price factors. Imports were also muted by logistics.
“As energy and logistics constraints continue to ease, the growth outlook will also improve. The domestic economy is expected to grow by 1.1% this year, rising to 1.7% by 2026, as both household spending and investment start to strengthen,” Kganyago said.
Domestic inflation dynamics
As with the global trend of moderating inflation, South Africa’s headline inflation decelerated over the past year, falling from 6.9% in 2022 to an average of 6% in 2023.
“These annual averages, however, hide the ongoing volatility in the underlying components of inflation, in turn demonstrating the risks and uncertainty marking the disinflation path.
“Since September of last year, headline inflation has been fluctuating between 5% and 6%, with frequent monthly setbacks coming from fuel, food and services prices.
“In February, core inflation rose by 0.4 percentage points to 5%, propelled sharply higher by medical insurance inflation. Encouragingly, as of June, core inflation has moved to 4.5%,” Kganyago said.
The SARB sees core inflation averaging 4.6% this year, from 4.8% last year. Inflation expectations eased in the first half of this year, but still remain well above the midpoint of the target band.
“While headline inflation came out between 5% and 6% for much of the past year, our current forecast shows it easing to 4.9% this year, pulled lower mainly by softening food and fuel inflation, and resting at the midpoint in 2025 and 2026.
“Even with some quantitative and qualitative adjustments to risk perceptions over time, the Monetary Policy Committee (MPC) has felt it appropriate to maintain the repurchase (repo) rate at 8.25% – a level set in May of 2023,” he said. - SAnews.gov.za
nosihle
Tue, 07/30/2024 - 14:14
Round five of the 2024 HYPROP MTN SHIFT Gaming Experience took place at Woodlands Boulevard in the City of Tshwane, from 19 to 21 July 2024. The country’s biggest mall-based gaming showdown turned into a magnet for the region’s most devoted gamers, who came together for a weekend packed with epic battles and a sense …
Social Department reaffirms its commitment to protecting children from trafficking
The Department of Social Development (DSD) has reaffirmed its commitment to combating human trafficking, focusing on the protection of children as the world commemorates World Day Against Trafficking in Persons.
This year’s theme focuses on leaving no child behind in the fight against human trafficking.
The World Day Against Trafficking in Persons is observed annually on 30 July to raise awareness about human trafficking and to promote and protect the rights of trafficking victims.
The department has since taken the time to remind South Africans especially caregivers about the prevalence of human trafficking and appeal for their vigilance when it comes to protecting children.
Citing the June 2023 publication by the Human Sciences Research Council (HSRC), the department said it was estimated that a possible 250 000 people have fallen victim to human trafficking in South Africa alone.
“This serves as a grave violation of human rights and dignity. On this World Day Against Trafficking in Persons, the Department of Social Development stands united against this heinous crime,” the department said.
According to the department, children represent a significant proportion of trafficking victims worldwide, with girls being disproportionately affected.
In terms of the United Nations Office on Drugs and Crime’s Global Report on Trafficking in Persons, children are twice as likely to face violence during trafficking than adults.
Sub-Saharan Africa, North Africa, and the Caribbean, according to the department, make up 60% of detected trafficking victims.
“In addition to conflicts, pandemics, economic hardships, and environmental challenges, the proliferation of online platforms poses risks as children often connect to these sites without adequate protection.”
The department explained that traffickers exploit online platforms, social media, and the dark web to recruit and exploit children.
They also use technology to evade detection, reach wider audiences, and disseminate exploitative content.
“Countries including South Africa, are required to prioritise child protection, bolster legislation, improve law enforcement, and allocate more resources to combat child trafficking.”
The department has since called for prevention efforts to target root causes of human trafficking such as poverty and inequality to reduce children’s vulnerability with special attention paid to trafficking of children on the move or in transit.
According to the department, South Africa remains a source, transit, and destination country for men, women and children subjected to the crime of trafficking for forced labour and sexual exploitation.
“This means South Africans are being trafficked to other parts of the globe while the country is also used by traffickers to harbour victims in transit to other countries where they are going to be exploited.
“Victims of trafficking are also brought into the country to be exploited.”
Meanwhile, traffickers are said to control victims through deception, intimidation, threats, use of force, withholding of passports, debt bondage, and forced use of drugs and alcohol.
The department has described the Prevention and Combating of Trafficking in Persons Act (PACOTIP) of 2013 as a critical legislative tool in South Africa’s fight against human trafficking.
The South African government, through the Department of Social Development has implemented various measures to prevent child trafficking. The PACOTIP Act aims to align with international agreements and provides for the prosecution of traffickers, protection of victims, and coordination of anti-trafficking efforts.
The Department of Social Development’s Gyan Dwarika said the significance of the PACOTIP Act, in conjunction with the Children’s Act, in safeguarding vulnerable children and ensuring their rights and safety are upheld.
“The Act ensures that any child identified as a victim of trafficking is treated as a child in need of care and protection mandates immediate reporting and investigation of suspected cases, and provides for the safe placement and care of trafficked children,” Dwarika said.
Dwarika’s roles in the department include focusing on child labour, commercial sexual exploitation of children, online safety, and child marriages.
The department said they also offer victims of child trafficking comprehensive support and rehabilitation services.
These include psychological counselling, medical care, legal assistance, and placement in Child and Youth Care Centres (CYCCs).
She said community involvement was crucial in preventing and combating child trafficking.
“International cooperation strengthens the response to the repatriation process of children trafficked into and out of South Africa. It ensures that children are repatriated safely and in line with international standards, considering factors like the best interests of the child and the safety of the repatriation process.”
Victims are also placed in accredited shelters where they are cared for by shelter staff and social workers to determine if they were trafficked.
Through the Criminal Assets Recovery Account (CARA) fund, the department is procuring a fleet of 10 vehicles to be distributed to gender-based violence (GBV) shelters accredited to accommodate victims across all nine provinces.
The Western Cape has partnered with the Passenger Rail Agency of South Africa (Prasa) to create awareness at the Cape Town bus rank. – SAnews.gov.za
Gabisile
Tue, 07/30/2024 - 15:11
Webness, South Africa’s premier web design company, is renowned for its ability to deliver custom websites in an impressively short timeframe of just three days. This capability underscores Webness’s commitment to providing rapid, high-quality web design solutions tailored to meet the specific needs of businesses in today’s fast-paced digital landscape. Rapid Development for Modern Businesses …
Special Tribunal sets aside R1.6bn IDT contracts
The Special Tribunal has reviewed and set aside two Independent Development Trust (IDT) contracts, worth some R1.6 billion, and has ordered the five companies, who received the contracts, to pay back all profits gained from the contracts.
According to the Special Investigating Unit (SIU), the five companies were awarded the contracts by the IDT to implement projects at the Department of Correctional Services.
“The decision of the Special Tribunal… follows an investigation by the Special Investigating Unit (SIU) into the affairs of the Department of Correctional Services.
“This investigation revealed that the IDT failed to follow the applicable statutory and regulatory procurement provisions governing public procurement as set out in the Constitution of the Republic of South Africa, in concluding the contracts with the companies,” the SIU said.
According to the SIU, the department had appointed the IDT as an implementing agent to “manage the implementation of security fencing, parameter fencing, intercoms and conditions audits, and other infrastructure projects at various correctional centres in South Africa”.
“Following its appointment as an implementing agent, the IDT contracted Secelec Consulting Engineers (Pty) Ltd, Bakone Consulting Engineers (Pty) Ltd, and Bakone Secelec Consulting JV 2011 as transactional advisors to implement the building of fences around various prisons at a cost of R492 960 564.66. The contract was later cancelled.
“In 2012, the IDT appointed Manyeleti Consulting SA (Pty) Ltd and SA Fence and Gate JV as transactional advisors for a similar job. The budget for the initial tender increased with R72 454 350.62 or 15.2%.
“However, the total budget increased to R861 255 544.40. This escalation represents 81% of the approved budget and way above the permitted 20% deviation as per the National Treasury regulations. The Tribunal found that the tender/contract award was predetermined,” the SIU explained.
The corruption busting unit welcomed the Special Tribunal’s ruling on the matter and added that any criminality will be reported to the National Prosecuting Authority (NPA).
“The Special Tribunal had ordered the five companies to render the full accounts of all the payments they received under the contracts awarded by IDT and reasonable expenses incurred, supported by necessary vouchers.
“Following the calculations of expenditure to service the now illegal contracts, the companies shall pay whatever profits that were earned. Furthermore, the companies were ordered to cover the legal costs of the review application brought by the SIU.
“The SIU welcomes the decision of the Special Tribunal, as it forms part of the implementation of investigation outcomes and consequence management to recover financial losses suffered by the State…[and] will refer any evidence pointing to criminal conduct it uncovers to the [NPA] for further action,” the SIU said. – SAnews.gov.za
NeoB
Tue, 07/30/2024 - 12:34
Data from information and insights company TransUnion shows that South Africa’s car market is in flux. A growing number of households are opting for one multipurpose car instead of maintaining multiple cars, with many substituting their transport demands with ride-hailing services or using subscription services As a consequence, sales of both new and used cars …
DMPR notes withdrawal of TotalEnergies from offshore blocks
The Department of Minerals and Petroleum Resources has expressed confidence that a suitable investor will come on board and “be able to monetise” gas discoveries off the south coast of South Africa.
This after international energy giant, TotalEnergies, announced its withdrawal from offshore Block 11B/12B and 5/6/7.
“The Department of Mineral Resources and Energy (DMRE) notes TotalEnergies' announcement to exit from offshore blocks 11B/12B and 5/6/7. We are confident that a suitable investor will come on board and be able to monetise the gas discoveries.
“The department remains committed to the exploration of the country’s oil and gas resources and will intensify engagements with key role players to ensure the development and sustainability of the sector,” the department said in a statement.
Furthermore, the DMPR said it was pleased that the company is not totally withdrawing from South Africa.
“Additionally, we are pleased that TotalEnergies is not entirely leaving oil and gas opportunities in South Africa as they still hold exploration rights over Blocks Deep Water Orange Basin and Orange Basin Deep, Outeniqua South, and recent entry in Block 3B/4B east of Deep Water Orange Basin,” the department said. – SAnews.gov.za
NeoB
Tue, 07/30/2024 - 09:58
Exactly one month after setting a new South African all-comers record and personal best at the Absa RUN YOUR CITY DURBAN 10K, Kenya’s Christine Nalimo Njoki will be aiming for an even more impressive performance when she competes in one of South Africa’s most iconic Women’s Month celebrations, the Totalsports Women’s Race in Durban, this …
In the world of entrepreneurship, the most remarkable stories often begin with a personal challenge. For Zanele Matome, Founder and CEO of Welo, that challenge is the lack of affordable access to healthcare services for an overwhelming majority of South Africans. Having spent 15 years in the construction and mining sectors, Matome saw firsthand the …
The story of Credipple is one of innovation meeting a critical need. Founded by Kgololo Lekoma (CEO), Lethabo Sekhu (COO) and Sibusiso Manentsa (Founder) in 2017, Credipple bridges the gap between skilled professionals, and businesses seeking trustworthy digital talent. The inspiration behind the platform came from the founders witnessing their university peers struggling to access …
Tatjana Smith glitters at Paris Olympics
South African swimmer Tatjana Smith has bagged the nation’s first gold medal at the 2024 Paris Olympics, putting on a glittering performance in the women’s 100m breaststroke.
Smith finished the race at 1:05.28 on Monday.
“Smith’s own Olympics tally has now grown to three, with two golds and a silver, and one more will see her equal Chad le Clos on four, the most of any South African Olympian. The chances of her adding to that total later in the week are high, given she’s the reigning champion in the 200m,” the South African Sports Confederation and Olympic Committee (SASCOC) said.
Nearly 150 athletes are representing Team South Africa at Paris 2024 - in the country's 21st appearance at the Olympic Games, taking place from 26 July to 11 August.
“I had no idea where I was most of the race. I actually didn’t think I medalled because when I turned to my left, the two blocks next to me both had lights on and it felt like someone else on the other side touched first.
“So, I actually didn’t think I was medalling. My main goal was just to not do what I did in Tokyo and look around. So literally the last 15 metres, I was like, no, close your eyes, let’s just go,” Smith said.
President Cyril Ramaphosa congratulated Smith in a post on social media platform X, adding that he looked forward to more spectacular performances. - SAnews.gov.za
nosihle
Tue, 07/30/2024 - 10:21
Rush Nutrition has created a proudly African range of Superfoods, snacks and beverages built on a foundation of feminine innovation and ingenuity. · 100% vegan, kosher and Halaal, the Rush stable of premium quality and natural health solutions are 100% healthy and natural · Nutrient-dense, clean, and pure, the range of snacks and juices from …
Six years after the Constitutional Court judgment, small-scale dagga growers are sliding deeper into poverty while businesses profit in South Africa’s “cowboy” cannabis industry
Johannesburg, 29 July 2024: South Africa’s energy landscape is rapidly evolving, with renewable energy – specifically solar and wind – emerging as a significant player in the quest for a sustainable and reliable energy supply. Indications are that between a concerted effort by Eskom to recover underperforming coal fired power plants to higher levels of …
Call to participate in Money Smart Week
National Treasury, the Financial Sector Conduct Authority (FSCA) and the National Consumer Financial Education Committee (NCFEC) has called on organisations and individuals to participate in the Money Smart Week South Africa (MSWSA) 2024 campaign.
The 2024 edition of MSWSA will run from 26 August to 1 September 2024, featuring various consumer-focused financial education programmes and initiatives.
“The key objective of the MSWSA is to provide a national collaborative platform and mobilise a wide range of stakeholders to motivate, empower and educate South Africans and contribute to a more financially literate citizenry,” the National Treasury said on Monday.
MSWSA is an initiative of the NCFEC and was first launched in 2018.
Over the past six years it has reached a multitude of South Africans through mainstream media, community radio, exhibitions, television, social media, and face-to-face workshops.
Additionally, the initiative has witnessed an increase in stakeholder participation from 48 participants in 2018 to 78 participants in 2023.
“Participation in MSWSA is open to any organisation or individual, including academic institutions, government departments, regulatory authorities, financial institutions, community groups, companies, non-governmental organisations and public benefit organisations.
“Activities during this campaign will include free workshops, presentations, mall activations, exhibitions, and webinars. Interested participants are invited to organise their own financial education initiatives and events to host during the week-long campaign,” National Treasury said.
The online registration process is open for participants to submit a participation application form, by no later than 16 August 2024. -SAews.gov.za
nosihle
Mon, 07/29/2024 - 13:56
Mzansi’s most preferred noodle brand, MAGGI, as recognised by the Ask Afrika Icon Awards, is set to elevate South African kitchens with its latest campaign, “Cook the Difference!” Unveiled at an exclusive media luncheon on 25 July, VIP media guests experienced the brand’s magic and versatility. MAGGI showcased its potential to be both a complete …