The virus Elon Musk is exporting back to SA
The effects of the $45-billion pay package offered to the Tesla boss will be felt across the world
South Africa
Public comment sought on rhino management plan
Public comment sought on rhino management plan
Minister of Forestry, Fisheries and the Environment Barbara Creecy has published a notification in the Government Gazette on the revised Biodiversity Management Plan for Black and White Rhino in South Africa.
“The Black and White Rhino Biodiversity Management Plan (BMP) aims to provide a strategic approach and detailed action plan to conserve rhino in South Africa; and for engaging with the relevant range States.
“The revision of the BMP consolidates previous work done at policy and planning level on rhino management into a single integrated tool in order to usher in a whole-of-society approach in the interest of both the rhinos and the people of South Africa,” the Department of Forestry, Fisheries and the Environment said on Tuesday.
The notice was published in the Government Gazette in terms of section 46 of the National Environmental Management: Biodiversity Act, 2004 (Act No. 10 of 2004), for public comment.
Members of the public are invited to submit written representations on or objection on the revised Biodiversity Management Plan (BMP), within 30 days from the date of publication of the notice in the Gazette or in the newspaper, whichever date is the last, to the following addresses:
By post to: The Director General: Department of Forestry, Fisheries and the Environment
Attention: Ms Humbulani Mafumo
Private Bag X447
PRETORIA
0001
By hand at: Environment House, 473 Steve Biko Road, Arcadia, Pretoria, 0083.
By email: conservationmanagement@dffe.gov.za
-SAnews.gov.za
nosihle
Thu, 06/20/2024 - 08:30
283 views
IEC confirms attempted unauthorised entry at its Gauteng warehouse
IEC confirms attempted unauthorised entry at its Gauteng warehouse
The Electoral Commission of South Africa (IEC) has confirmed an incident of attempted unauthorised entry at its Gauteng provincial warehouse by unknown persons on Tuesday night.
The Electoral Commission expands its footprint of storage sites ahead of each election to ensure the storage of electoral supplies as close as possible to points of use.
Following the conclusion of the 2024 National and Provincial Elections, material is rolled back for storage and safekeeping at a centralised facility.
During the roll back of material from a local storage site in the inner city in the City of Johannesburg, a group of persons interfered with the handling of materials and subsequently followed the truck used to transport the material back to the provincial warehouse.
On arrival at the warehouse, the group attempted to forcefully gain unauthorised entry to the warehouse.
“The commission can confirm that nothing was taken from the warehouse,” the Commission said in a statement.
The Electoral Commission thanked the South African Police Service for their swift response, which ensured the safety of the staff of the Commission and the integrity of the stored materials.
A case has been registered and the South African Police Services are investigating. – SAnews.gov.za
Edwin
Thu, 06/20/2024 - 10:43
353 views
World leaders congratulate President Ramaphosa
World leaders congratulate President Ramaphosa
Leaders around the world have rallied behind President Cyril Ramaphosa and offered their congratulations after his inauguration as President of South Africa for a second term, on Wednesday.
Yesterday, international and local guests filled the Union Buildings’ Nelson Mandela Amphitheatre in Pretoria to witness President Ramaphosa take his oath of office.
This, after he was re-elected to serve for a second term on Friday last week at the first sitting of the National Assembly since the highly contested elections in May where he won 283 votes, against Economic Freedom Fighters leader Julius Malema who received 44.
United States Ambassador Reuben Brigety congratulated Cyril Ramaphosa on his inauguration as the President of South Africa.
“Witnessing your vibrant democracy is an honour,” he wrote on X, formerly known as Twitter.
Speaking to SAnews yesterday, the diplomat described the Presidential inauguration as “historic” and wished the seventh administration all the best as it works for the good of the nation.
Meanwhile, United States President Joe Biden applauded President Ramaphosa on his re-election as President of South Africa.
President Biden commended all the political parties for working together to form a government of national unity (GNU).
“I also send my warm wishes to the people of South Africa. This year – as South Africa celebrates 30 years of all citizens having the right to vote – they have demonstrated the enduring power of government of the people, by the people, and for the people.
“I look forward to the United States and South Africa continuing our work together, to expand economic opportunity, invest in clean energy solutions, and demonstrate that democracy delivers,” President Biden added.
Zimbabwe President Emmerson Mnangagwa, who attended the swearing-in ceremony, took to X to wish South Africa’s First Citizen all the best as he leads the new administration.
“Today, I had the immense honour of attending the Presidential inauguration of His Excellency, President Cyril Ramaphosa.
“Congratulations, President Ramaphosa, on this remarkable achievement. It is a privilege to be part of this historical event and I look forward to working with you for the continued strength and unity between our nations,” he wrote.
Prime Minister of India Narendra Modi and Russian President Vladimir Putin congratulated President Ramaphosa on his re-election.
“Warm congratulations, Excellency Cyril Ramaphosa on your re-election as the President of the Republic of South Africa. I look forward to working with you to further strengthen the India-South Africa strategic partnership,” said the Prime Minister of India.
On Monday, Russian President Vladimir Putin had a telephone conversation with President Ramaphosa to congratulate him on his re-election.
“The President expressed hope that Russia and South Africa would continue their joint work to further strengthen their strategic partnership across the board. Vladimir Putin also sent a congratulatory telegram to Cyril Ramaphosa,” his Office said on his official website.
Nigerian President Bola Tinubu also extended his warm congratulations to the President on his re-election.
He applauded South Africans on the peaceful and successful conduct of the General Elections.
“While wishing President Ramaphosa a successful term in office, President Tinubu calls for the strengthening of bilateral ties between Nigeria and South Africa as strategic partners in Africa for the overall advancement of the continent,” Special Adviser to the President, Chief Ajuri Ngelale, added. – SAnews.gov.za
Gabisile
Thu, 06/20/2024 - 12:13
544 views
Nigeria-SA relations critical for Africa’s success
Nigeria-SA relations critical for Africa’s success
President Cyril Ramaphosa has emphasised that understanding and partnership between South Africa and Nigeria is critical for the success of the African continent.
The President was speaking following a bilateral meeting between him and his Nigerian counterpart, President Bola Tinubu in Tshwane, on the back of the Presidential Inauguration held on Wednesday.
“[F]or me what matters most is to be able to have very good economic links with Nigeria. The two countries – South Africa and Nigeria – are very important in our continent and when the two countries work together, which we are, and we do things together, it benefits Africa.
“It is the two countries that are among the pillars of our continent and I’m particularly pleased that we support each other internationally in various fora, the UN [and other] multi-lateral institutions. Nigeria and South Africa are essentially joined at the hip and we want to engender good economic and trade relations between our two countries to address the challenges that our two countries face,” President Ramaphosa said.
On the domestic front, the President said the African continent has received South Africa’s Government of National Unity positively.
“We’ve set up a Government of National Unity and I’m particularly pleased that the African continent has responded very positively to the news that we will continue stabilising politics of our country. But more importantly, through the Government of National Unity, we’re setting a very strong foundation for economic growth and to be able to attract investments,” he said.
Tinubu – who attended the inauguration held on Wednesday – said discussions between the two heads of government mainly related to the economy.
“I’m here to congratulate my brother for putting together a very impressive outing – particularly for the Government of National Unity to stabilise the politics. That is coming at a very challenging time for the rest of us in Africa to really come up with collaborative economics that will help our downtrodden and vulnerable people,” said President Tinubu.
Wednesday’s inauguration which saw Ramaphosa inaugurated for a second term in office, follows on the 29 May 2024, National and Provincial Elections. The results of the elections produced no outright majority winner, requiring the leaders of different formations to work together in taking the country forward.
READ | GNU to advance the interest of all South Africans
– SAnews.gov.za
NeoB
Thu, 06/20/2024 - 13:13
285 views
“I had to beg for my child’s maintenance money”
The Department of Justice’s payment portal, MojoPay, has suspended electronic payments since May due to suspected fraud
Essential Women’s Health Care: A Guide to Key Services
When it comes to women’s health, access to comprehensive and compassionate care is essential. Whether you are seeking routine wellness check-ups, contraceptives, or more specialised services, it is crucial to find a clinic that prioritises your needs. In South Africa, various facilities, including abortion clinics and wellness clinics, provide a wide range of services to …
Hydrogen Energy Technologies to Drive Demand for Africa’s Platinum Group Metals (PGMs)
The global market for platinum group metals (PGMs) – which include platinum, palladium, rhodium, iridium, osmium and ruthenium – will record a 4.47% increase between now and 2029, according to market research firm Mordor Intelligence. In part, market growth will come from growing demand for PGMs in green technologies, including hydrogen energy technologies, in turn generating opportunities across Africa's mining and hydrogen value chains.
The Critical Minerals Africa (CMA) Summit, taking place on November 6-7 in Cape Town, will unpack the nexus between PGMs and green hydrogen and their evolving role within the African and global energy transition. The continent is home to the world's largest PGM reserves, with South Africa alone possessing over 80% of global resources and Zimbabwe also holding substantial reserves. These metals play a vital role in fuel cell technology, enabling the production of electricity from hydrogen and oxygen. As African countries – including Namibia, South Africa, Mauritania and Egypt – intensify their green hydrogen activities, long-term PGM demand is expected to grow substantially, powering a wide range of applications from hydrogen fuel cell vehicles to stationary power generation to industrial processes.
Africa's Green Hydrogen Potential
The African continent holds substantial potential for green hydrogen production given its abundance of co-located renewable resources. According to the European Investment Bank, Africa has the potential to produce 50 million tons of green hydrogen per annum by 2035, which could help meet power, transportation and industrial energy needs, decarbonize heavy-polluting industries, as well as be used for global export.
Namibia represents a pioneer of green hydrogen on the continent, having secured billions in investment for green hydrogen projects from various investors, including the USAID, the Development Bank of Southern Africa and Japanese investment firm ITOCHU. Green energy firm Hyphen Hydrogen Energy is implementing a $10-billion project, with the capacity to produce 350,000 metric tons per year using 7 GW of renewable energy and 3 GW of hydrogen electrolyzers. Last May, Belgian port operator Antwerp Bruges partnered with the Namibian Ports Authority to develop a EUR 250-million hydrogen and ammonia storage facility at Walvis Bay Port to facilitate the transport of hydrogen to regional and global markets.
Realizing the potential of green hydrogen to drive regional energy security, South African tourism, trade and investment agency Wesgro signed an agreement last month with the Northern Cape Economic Development, Trade and Investment Promotion Agency, Namibia's Environmental Investment Fund and infrastructure company Gasunie and Climate Fund Managers. The agreement paves the way for the parties to assess the feasibility of developing a green hydrogen corridor connecting the Western Cape and Northern Cape provinces of South Africa with Lüderitz in Namibia.
Furthermore, green energy companies Hive Energy UK and Genesis Eco-Energy are developing a R105 billion green hydrogen and ammonia project in the Coega Special Economic Zone in the Eastern Cape province of South Africa. The project will add 14,400 MW of electricity to the grid and produce 900,000 tons of green ammonia for export to global markets, increasing the country's export revenue. South Africa has also established a $1-billion fund in partnership with the Netherlands, aimed at accelerating the deployment of green hydrogen projects to feed growing demand in Europe.
Private and public sector entities in South Africa are demonstrating the potential for synergy between PGMs and green hydrogen, specifically in hydrogen fuel cell vehicles. Last October, mining firm Anglo American entered into a partnership with automotive firm BMW South Africa and international energy firm Sasol to develop South Africa's PGMs and green hydrogen value chains. Anglo American will provide PGMs used in hydrogen fuel-cell vehicles, while Sasol will provide the green hydrogen and BMW the vehicles.
As global demand for green hydrogen rises due to carbon emission reduction policies and growing energy needs, a parallel surge in PGMs demand is also anticipated. Given that Africa is home to the overwhelming majority of these critical minerals, CMA 2024 will explore the latest policies, projects and developments ensuring that the continent capitalizes on green hydrogen as a key growth driver.
Organized by Energy Capital & Power, CMA is the largest gathering of critical mineral stakeholders in Africa. Taking place from November 6 – 7 in Cape Town, the event positions Africa as the primary investment destination for critical minerals. This year's edition takes place under the theme Innovate, Enact, Invest in African Critical Minerals to Sustain Global Growth, connecting African mining projects and regulators with global investors and stakeholders to untap the full potential of the continent's raw materials. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
Distributed by APO Group on behalf of Energy Capital & Power.
Cape Town Initiative ‘Love Wins’ Targets Urgent Need for GBV Intervention
Neil Matthews, a 46-year-old businessman from Gardens, Cape Town, is pioneering a vital initiative to combat gender-based violence (GBV) in South Africa—where the rates of violence against women and children are among the highest globally. At his day job at YAXXA, a business solutions company, Matthews is leveraging his professional resources and personal passion to …
GNU to advance the interest of all South Africans
GNU to advance the interest of all South Africans
The Government of National Unity is keen on advancing the interest of all South Africans while also creating employment, President Cyril Ramaphosa said on Wednesday.
“We want to create jobs. We are going to get everyone in the Government of National Unity to create jobs. I am going to make sure that it happens,” the President said in his address to the crowds gathered on the South Lawns of the Union Buildings.
This after taking his Oath of Office as President, marking the advent of the seventh administration.
In his address to those gathered at the South Lawns, the President said the Government of National Unity (GNU) will advance the interests of all South Africans.
“Today we are opening a new chapter in the life of our country. We are going to have a government of national unity where we are going to work together united so that we can advance your interests. Let us not be afraid of what this government of national unity is going to be all about.”
Chief Justice Raymond Zondo administered the President’s oath during Wednesday’s inauguration ceremony.
President Ramaphosa also called on all political parties in the GNU to join hands in advancing the interests of all South Africans.
“The people of South Africa did not give one political party power to rule this country, the people of South Africa wanted a Government of National Unity to rule this country,” President Ramaphosa said.
Many ordinary South Africans turned out to witness the inauguration ceremony attended by the country’s former Presidents as well as members of the international community.
READ | Government of National Unity: A moment of profound significance
While this year's General Election results produced no outright majority winner, the requirement for leaders of different formations to work together is not too unsimilar to what the country had to do to find its way at the inception of democracy.
Addressing the public in his inaugural speech, and essentially the world at large who had been following developments in the country, President Ramaphosa on Wednesday said the formation of the Government of National Unity is a moment of profound significance.
“It is the beginning of a new era,” the President said in his earlier address.
This year’s inauguration coincides with South Africa’s celebration of 30 years of freedom and democracy.
The 27th of April 2024 marked 30 years since the advent of democracy in South Africa. This day marked a historic milestone in South Africa, as all adults were allowed to cast their votes, for the first time, in a free and fair democratic election. – SAnews.gov.za
Edwin
Thu, 06/20/2024 - 10:14
101 views
South Africa at the World Rowing Championships in Canada – August 2024
The Under 19 South African Rowing Team is heading to Canada for the 2024 World Rowing Championships. This year, our junior national team will join South Africa’s leading Under 23 and Senior rowers to compete against the world’s best at the Royal Canadian Henley Rowing Course in Ontario, from August 18 to 25. Our junior …
Kapp, Wolvaardt Heroics In Vain As India Clinch Series In High-Scoring Thriller
BENGALURU: Despite impressive centuries from Laura Wolvaardt and Marizanne Kapp, the Proteas Women’s efforts were not enough as India secured a...
Constitutional Court refuses Home Affairs leave to appeal Zimbabwe permit decision
In June 2023 the Pretoria High Court ruled that the Zimbabwean Exemption Permit was unlawfully terminated
A slight improvement for South Africa ‘s global competitiveness
A look at South Africa ‘s competitiveness in 2024 Productivity SA in collaboration with Switzerland ‘s Institute of Management Development (IMD) will release the 2024 World Competitiveness Yearbook Survey (WCY) virtually on Thursday 20 June 2024 from 10h00-12h00. The survey will outline South Africa ‘s performance and also indicate South Africa ‘s competitiveness rating. The …
Court grants order to evict hundreds of people living on streets of Cape Town
But judge puts strict conditions on the way the eviction must be carried out and emphasises that the city also belongs to the evictees, as it does to those who live in mansions
Government of national unity provides opportunity to improve lives of citizens
Government of national unity provides opportunity to improve lives of citizens
Gender activist, Dr Lesley Ann Foster, has expressed hope that the government of national unity will provide an opportunity for political parties to collaborate in addressing South Africa’s unemployment, slow economic growth and inequalities.
“This is a very significant moment. I feel quite emotional about it…We have had so much negativity and so many challenges that we have been facing that this gives us a ray of hope for change that will take us forward as a country,” Foster told SAnews on Wednesday at the Union Buildings.
Foster who is the founder and executive director of non-governmental organisation (NGO) Masimanyane Women's Rights International made these remarks ahead of the inauguration of President-elect Cyril Ramaphosa in Pretoria.
“We are excited about the possibility that this new administration [brings]. The most important thing about the government of national unity is that it is not about a particular party but about national unity. How do we bring all these people together to bring about progress and development? The most critical thing is about what can take the country forward,” she said.
Foster said the presence of dignitaries at the inauguration signifies that the international community honours and respects South Africa.
“They are coming to pay their respects to our new President and that is very significant for us that they are here to say we stand with you; we support you.”
With the inauguration representing the beginning of the seventh administration, Foster called for government to address corruption, unemployment and gender inequality.
“Government needs to deal decisively with corruption. They also need to work on the economic policies and look at how they can create jobs, particularly for the youth and the unemployed of our country; there is so many of them.
“I work in the gender sector. We have a huge challenge to address gender-based violence in this country. We have had very strong political commitments from President Ramaphosa in his previous administration. We are praying that it will happen again.”
She added that she was part of a collective of women that have written a statement to all political parties requesting that they address gender equality issues in this administration.
“We want them to address gender equality. We want the National Council on Gender-Based Violence and Femicide to be put in place. We want issues on empowerment and our status in society to be addressed
“South African women still have very low status, even though they has been massive progress, we still have low status. They need to address that because until we are an equal society, poverty is going to be the big issue.
“We have a big problem around poverty, food insecurity and water insecurity. They have to address those issues very decisively because we are sitting on a smouldering peg and we can have an explosion at any time from the youth because they are dissatisfied,” Foster said.
This year’s inauguration coincides with South Africa’s celebration of 30 years of freedom and democracy.
READ | SA marks Inauguration Day
The 27th of April 2024 marked 30 years since the advent of democracy in South Africa. This day marked a historic milestone in South Africa, as all adults were allowed to cast their votes, for the first time, in a free and fair democratic election. –SAnews.gov.za
nosihle
Wed, 06/19/2024 - 09:16
657 views
SA is living on borrowed ecological resources
20 June marks South Africa’s Earth Overshoot Day – the day when our consumption of ecological resources exceeds the planet’s capacity to regenerate them for that year. Jako Volschenk, Associate Professor in Strategy and Sustainability at Stellenbosch Business School emphasises the critical imbalance between our demand and nature’s capacity. “Earth Overshoot Day is a wake-up …
Exciting New Leadership Appointed at Minor Hotels in Zambia and Mozambique
New Hotel Managers and Executive Chef set to enhance guest experience Africa, June 2024: Minor Hotels, an international hotel owner, operator, and investor with more than 540 hotels in 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas, is thrilled to announce the appointment of exceptional new Hotel …
International community looks forward to working with new administration
International community looks forward to working with new administration
International and local guests who have travelled far and wide for the Presidential inauguration have started to fill the Union Buildings Nelson Mandela Amphitheatre to witness President-elect Cyril Ramaphosa take the oath of office.
The Union Buildings is a hive of activity with ordinary citizens and national and foreign dignitaries, including Heads of State and government.
Top politicians, including party leaders have already arrived, along with former Presidents who are expected to join the proceedings.
The Union Buildings is awash with South African flags for the occasion, as emotions run high for some attendees who are here to observe the ushering in of the seventh administration since the dawn of democracy.
President-elect Ramaphosa was re-elected to serve for the second term on Friday last week at the first sitting of the National Assembly since the highly contested elections of 29 May where he won 283 votes, against the Economic Freedom Fighters’ leader Julius Malema who received 44 votes.
The Union Buildings, which serve as the official seat of the South African government and houses the offices of the President of South Africa, evokes a sense of excitement and hope.
Diplomatic relations
The United States of America’s Ambassador to South Africa, Reuben Brigety described the Presidential inauguration as “historic”.
“It’s a great honour to be here on this historic day for the inauguration of Cyril Ramaphosa and the beginning of the seventh administration,” he told SAnews on Wednesday.
Brigety stated that the relationship between the United States and South Africa is strong - adding that he hopes to emphasise several things even more this year.
The ambassador expressed anticipation for the 'Atlanta Phambili' initiative, aimed at advancing the positive bilateral relationship between the United States and South Africa.
“It will take advantage of the rich ecosystem that the US city, Atlanta, brings; to advancing our affirmative agenda at everything from healthcare, trade and investment, job creation and so on. So, we wish the seventh administration all the best as it works for the good of the nation of the people of South Africa,” he said.
Meanwhile, Swedish Ambassador to South Africa, Hakan Juholt, expressed his excitement about attending the President-elect’s swearing-in ceremony.
“We were together with the people of South Africa fighting for democracy and now we’re together celebrating democracy.”
He believes that the solutions to today’s diverse problems can be found through collaboration between and within nations.
“This new coalition that we’re looking forward to meeting... This is something that the rest of the world will look into and learn from. This is an exciting day, and we think, from Sweden, an old democracy, that South Africa has shown how mature this young democracy is. We’re very proud to be close friends to the people of South Africa,” he said in an interview with SAnews.
Measures in place and programme of the day
A stone’s throw away, at the South Lawns, crowds are still pouring into the capital to welcome their new President.
Some hundreds of law enforcement officers are stationed in Pretoria with roads in the centre of the city locked down.
With the extensive security measures put in place, the ceremony will feature musical performances from the Mzansi National Philharmonic Orchestra and a congratulatory praise poem by Ntombhi Ya Mutsonga.
The South Africa National Defence Forces’ Chaplain General, Brigadier Ernest Thabo Masweu, will lead interfaith prayers.
President-elect Ramaphosa is expected to take the stage just after 11 am.
The guests will join in the national anthem followed by the salute flight and 21-round gun salute before the President-elect takes his oath and delivers the much-anticipated inaugural speech. – SAnews.gov.za
Gabisile
Wed, 06/19/2024 - 09:30
698 views
Government of National Unity: A moment of profound significance
Government of National Unity: A moment of profound significance
19 June 2024 is by no means an ordinary day in the collective landscape of South Africa. With President Cyril Ramaphosa having taken his Oath of Office, marking the start of the seventh administration, the country is now firmly in the fold of the creation of a Government of National Unity.
The recently concluded 29 May National and Provincial Elections, while having been conducted in a manner that has been deemed free and fair by the South African Human Rights Commission, among others, demonstrated the maturity of South Africa's democracy since its early steps in 1994. Even though the outcomes of the first democratic election made clear the resounding message of the masses, who had long battled for the right of political and societal agency, a Government of National Unity was formed to help the fragile populace to navigate the treacherous waters of a nation that was new to inclusivity.
While this year's General Election results produced no outright majority winner, the requirement for leaders of different formations to work together is not too unsimilar to what the country had to do to find its way at the inception of democracy. Today, leaders are required to carve a new path, one where cooperation amongst parties with different views have come together, and continue to do so, united in the single purpose of providing citizens with services that are aimed at improving their quality of life and building a sense of national solidarity.
Addressing the public in his inaugural speech, and essentially the world at large who had been following developments in the country, President Ramaphosa on Wednesday said the formation of the Government of National Unity is a moment of profound significance.
“It is the beginning of a new era,” President Ramaphosa said at the Union Buildings in Pretoria.
He said the Government of National Unity requires a common mission, which is anchored in safeguarding national unity, peace, stability, inclusive economic growth, non-racialism and non-sexism.
“Through the ballots that they have cast, the people of South Africa have made plain their expectation that the leaders of our country should work together."
President Ramaphosa said the people of South Africa have directed their representatives to put aside animosity and dissent, to abandon narrow interests and to pursue together only that which benefits the nation.
“As leaders, as political parties, we are called upon to work in partnership towards a growing economy, better jobs, safer communities and a government that works for its people.”
President Ramaphosa said from across the political spectrum, parties have answered that call.
“Understanding that no party can govern alone and make laws alone, these parties have agreed to work in partnership, to employ their talents for the good of the country and the progress of its people.
“Together, they have resolved to establish a government of national unity to pursue a common programme of fundamental and lasting change.
“As the leaders of this country came together in a Government of National Unity 30 years ago to forge a common future and build a united nation, the parties in the government of national unity of today have agreed to work together to address the most pressing challenges before our nation,” President Ramaphosa said.
President Ramaphosa said the parties have adopted a Statement of Intent, in which they have committed to pursue rapid, inclusive and sustainable economic growth, to create a more just society by tackling poverty, to safeguard the rights of workers, to stabilise government and to build state capacity and to pursue a foreign policy based on human rights, solidarity and peace.
“As South Africans, we must each do what we can to achieve this mission. We will invite all parties, civil society, labour, business and other formations to a National Dialogue on the critical challenges facing the nation,” the President said.
President Ramaphosa said the parties have made a commitment to invest in South Africa’s people through quality education and health care, to address crime and corruption, to strengthen social cohesion and build a united nation and the will of the people shall be done without any doubt or question.
“The voters of South Africa did not give any single party the full mandate to govern our country alone.
“We will seek, as we have done at so many important moments in our history, to forge a social compact to realise the aspirations of our National Development Plan.
“As individuals, as families, as communities and in our many formations, let us draw on our every strength to turn our dream for a better South African into reality,” President Ramaphosa said. – SAnews.gov.za
Edwin
Wed, 06/19/2024 - 13:43
386 views
Guardians of tomorrow: Rethinking infant vaccination strategies
Guardians of tomorrow: Rethinking infant vaccination strategies by Paul Miller As we navigate the ever-evolving healthcare landscape, the importance of vaccinations cannot be overstated. In South Africa, where diverse cultures and traditions shape the fabric of our society, rethinking infant vaccination strategies becomes paramount. As Cipla South Africa, we believe it’s our responsibility to explore …
‘We have heard you’ – President
‘We have heard you’ – President
President Cyril Ramaphosa has urged all political parties to put their differences aside and work together, as South Africans, through the ballot, have spoken and made clear their needs for the seventh administration.
Ramaphosa was delivering his first speech as President and leader of the seventh administration, following his inauguration at the Union Buildings, in Tshwane, on Wednesday.
President Ramaphosa – to rousing applause – emphasised that South Africans have been unequivocal about what they now seek from leaders and for South Africa.
“[The] people of South Africa have stressed that they are impatient with political bickering and the endless blame game among politicians and political parties. They want us to put their needs and aspirations first and they want us to work together for the sake of our country.
“Today I stand before you as your humble servant to say we have heard you,” he said from the amphitheatre at the Union Buildings.
READ | The oath has been taken, President Ramaphosa is inaugurated
The President outlined key objectives that South Africans have voiced - including stimulating a growing and transformed economy, tackling crime, housing and infrastructure.
With these in mind, President Ramaphosa pledged that during his time in office, he will be a President for all.
“Today, I make a solemn commitment to be a President for all South Africans and not just some South Africans; to defend our Constitution and protect our democracy; to work with all those who share the dream of a better life for all; to care for the poor and the vulnerable, and to support all those who are in need; and to make our country stronger, more resilient, more equal and united,” the President affirmed.
South Africa will be led by a Government of National Unity following the National and Provincial Elections held on 29 May 2024 in which no political party received a clear majority.
“In their multitude, in voices that are many and diverse, the people of South Africa have voted and made known their wishes, their concerns and their expectations.
“We accept and respect the results of the elections and we once again say the people have spoken. Their will shall be done without any doubt or question,” President Ramaphosa said. – SAnews.gov.za
NeoB
Wed, 06/19/2024 - 13:48
292 views
The oath has been taken, President Ramaphosa is inaugurated
The oath has been taken, President Ramaphosa is inaugurated
“In the presence of everyone assembled here, and in full realisation of the high calling I assume as President of the Republic of South Africa, I, Matamela Cyril Ramaphosa, swear that I will be faithful to the Republic of South Africa and will obey, observe, uphold and maintain the Constitution and all other law of the Republic.
“And I solemnly and sincerely promise that I will always promote all that will advance the Republic and oppose all that may harm it, protect and promote the rights of all South Africans, discharge my duties with all my strength and talents to the best of my knowledge and ability and true to the dictates of my conscience, do justice to all and devote myself to the wellbeing of the Republic and all its people, so help me God.”
With that solemn oath, President Matamela Cyril Ramaphosa has taken his place in the highest office in the land – the Presidency of South Africa.
This is his second term as President.
The President was inaugurated and took the Oath of Office – administered by Chief Justice Raymond Zondo – at the Union Buildings on Wednesday.
This signals the official start of the seventh administration of democratic South Africa.
Following the Oath of Office, the President turned to First Lady, Dr Tshepo Motsepe, and gave her a peck of acknowledgement.
President Ramaphosa then received a congratulatory praise song by award winning praise singer, Ntombi Ya Mutsonga.
WATCH |
He then acknowledged the National Salute, the national anthem and the 21-gun salute.
The inauguration is being attended by current and former Heads of State and Governments, royalty, high level dignitaries and ordinary South Africans. – SAnews.gov.za
NeoB
Wed, 06/19/2024 - 12:50
403 views
Despite challenges, Southern Africa has improved financial inclusion with adoption of digital financial services
South African countries performed well on their financial inclusion, between 2011 and 2021. Progress is partly attributed to rapid adoption of digital financial services including mobile money, according to financial experts at a webinar on the African Financial Sector Southern Africa.
Organized by the Economic Commission for Africa (ECA) in partnership with West African Economic and Monetary Union (WAEMU), the webinar is part of a Series themed, Regional Dialogues on the African Financial Sector - regional profile.
The aim of the regional profiles is to provide detailed information on the countries' financial sectors, documenting recent trends, progress, challenges, and opportunities for a deeper financial sector.
In her opening remarks Eunice Kamwendo, ECA's Director of the Subregional Office for Southern Africa noted the potential for growth, innovation and sustainable investments in the financial sector in Southern Africa.
“Southern African region's financial sector faces financial challenges that include liquidity issues, debt distress, limited access to financial services, high levels of informality and regulatory constraints; Despite these challenges, it is important to prioritize the development of the financial sector to create stability, mobilize domestic resources and foster a stable environment for investment,” said Ms. Kamwendo.
Presenting a report on the demographic economic landscape of the Southern African region, Andrew Bamugye, Senior investment manager SME, Trade and Development Bank said the banking sector in Southern Africa has remained solvent with adequate capital; banking liquidity remained sufficient, with most banks seeing profitability between 2021 and 2023.
“The challenge in the banking industry in the region is the strong interconnection between the banking system and non – banking financial institutions and foreign markets, which leads to the risk of contagion,” said Mr. Bamugye.
He proposed that governments should increase fiscal space by expanding government revenues through diversification of the tax base and simplification of tax systems to reduce the exposure of banks to sovereign risks.
Punki Modise, Chief strategy and sustainability officer, ABSA Bank highlighted the varying levels of debt to GDP ratios across African countries and noted that some countries such as Kenya, Ghana, Kenya and Egypt have adopted unsustainable debt strategies. She also emphasized the importance of project preparation and bankability in the private sector.
“Authorities should enhance competition in the banking systems through the promotion of new players especially those that help to improve financial inclusion,” she said.
In addition, she said banks operating in Africa need to have a more end-to-end approach to risk management, considering bankability at all stages.
On capital markets most countries in the Southern African region have a low market capitalization. The Johannesburg stock exchange, which is the leading stock exchange in Africa has a market capitalization of $1022.8 trillion representing 133% of GDP in 2023, against 51.9% of Mauritius and 18.6% of Namibia.
A lack of liquidity characterizes the bulk of the South African stock market and the breadth of the stock market in the region remains limited.
Furthermore, a small, listed number of companies and corporate bonds tend to dominate the fixed income market while the proportion of government bonds in the normal value is much higher.
“A deeper pool of insurers is required for the acceleration of green bonds growth in the region especially among corporate borrowers,” said Mr. Bamugye.
According to the experts attending the meeting, the pension fund penetration remains low in most Southern African countries. However, the high pension penetration rate in South Africa, Namibia and Botswana were the result of good investment returns on the funds, based on a diversified investment strategy coupled with a strong asset allocation process,
Bernard Yen, Actuary and managing director Aon Solutions Ltd, Mauritius highlighted the challenge of encouraging people in the formal sector to save and discussed the importance of structural changes to increase participation in pension funds.
He suggested that structural changes such as tax incentives and simplified registration processes could drive participation. He also emphasized the need for a multi-faceted approach to increase pension fund participation in the region.
“Countries should explore ways to increase participation of informal sector workers in multi-employer pension funds,” he added.
On the question of tapping into southern African SMEs, participants noted that the majority are financially constrained and face a lack of skills in corporate governance, financial management and often contend with high collateral requirements.
Mr. Bamugye noted the need to help SMEs develop bankable business plans and called for streamlining government support programs towards them.
He emphasized the importance of blended finance structures to address the challenges faced by SMEs in the region including the need for risk capital and conditionality and use of unfunded guarantees to unlock local liquidity.
He acknowledged the obstacle of bank credit access in the region particularly for SMEs and encouraged innovative and creative solutions to promote financial inclusion advising that countries should continue to explore innovative instruments and blended approaches to solve SME credit access problems.
Distributed by APO Group on behalf of United Nations Economic Commission for Africa (ECA).