Elections 2024: What the major political parties say about renewable energy
We asked the ANC, DA, EFF, IFP, FF Plus, ActionSA, PA, MK Party and RISE Mzansi
We asked the ANC, DA, EFF, IFP, FF Plus, ActionSA, PA, MK Party and RISE Mzansi
When it comes to experiencing the vibrant culture, rich history, and dynamic spirit of South Africa, few places offer the depth and diversity of Soweto. This iconic township, located on the outskirts of Johannesburg, is a microcosm of the nation’s complex narrative, filled with stories of resilience, struggle, and triumph. For travellers seeking an authentic …
In the realm of women’s health, breast cancer remains a significant concern. According to statistics, it’s estimated that one in eight women will develop breast cancer in their lifetime. However, the key to combating this disease lies in early detection. That’s where breast cancer screening comes into play. Understanding Breast Cancer Screening Breast cancer screening …
By Onyi Nwaneri CEO of Afrika Tikkun Three decades into our constitutional democracy, the remnants of our dark past continue to lurk in the layered echelons of our unequal society. In commemoration of Freedom Day, on 27 April, we are reminded that though blood was shed and sacrifices were made to attain this freedom, not …
Lesotho Highlands Tunnel closure will not affect water availability
Water and Sanitation Director-General, Dr Sean Phillips, has assured Gauteng residents that the planned closure of the Lesotho Highlands Water Tunnel for six months will not affect water supply to Rand Water and the availability of raw water.
Phillips was briefing the media in Pretoria on Friday on the planned maintenance work on transfer and delivery tunnels of the Lesotho Highlands Water Project (LHWP), which is scheduled to start from 1 October 2024 to 31 March 2025.
The tunnel system includes a transfer tunnel, linking Katse Dam with Muela Power Station and Muela Dam, and a delivery tunnel linking Muela Dam with the Ash River Outfall Works between Clarens and Bethlehem.
Phillips said the inspections and maintenance of the tunnels must be conducted at intervals between five and 10 years.
“The last maintenance was conducted in 2019. During the shutdown of 2019 it was found that the steel liners in the tunnel urgently need extensive maintenance on both the Republic of South Africa and Lesotho side,” Phillips said.
The planned maintenance work is being overseen by the Lesotho Highlands Water Commission, a joint governance body between South Africa and Lesotho and will be jointly undertaken by the Lesotho Highlands Development Agency (LHDA) and the Trans Caledon Tunnel Authority (TCTA), which is an entity under Water and Sanitation Department.
Phillips said the work required to be undertaken during the shutdown period includes grit-blasting the steel-lined section around the entire circumference and re-applying corrosion protection on the tunnel lining, and other maintenance and repair work identified during the 2019 maintenance shutdown.
Phillips reiterated that the work to be undertaken requires a lot of time as it is expected to protect the infrastructure for another 20-30 years.
“This much-needed maintenance is critical to maintain the integrity of the delivery tunnels as a tunnel failure will risk the transfer of the 780 million m3/annum of water to the Integrated Vaal River System (IVRS), from which Rand Water draws water to supply its customers. The six months period required to conduct maintenance is thus crucial to avoid any catastrophic event which may result from a lack of maintenance.”
On the impact of the maintenance work on the Integrated Vaal River System (IVRS) and Rand Water, Phillips noted that 700 million m3 per annum will be transferred in 2024, a shortfall of 80 million m3 from the normal annual transfer volume.
After the shutdown period, he said, the water transfers will be increased to enable the shortfall in transfers to be recovered.
The Director-General said an analysis was undertaken in May 2023 to assess the risk to the IVRS’ performance due to the outage, and to determine the impact of the shutdown on water availability to users in South Africa.
“The analysis indicated the impact of the outage on the overall IVRS will be insignificant considering that dams in the IVRS such as the Sterkfontein Dam and others are relatively full.
“This means that the closure of the tunnel for maintenance will not result in any disruption of water supply to Rand Water, and to the municipalities in Gauteng and other provinces which are customers of Rand Water.
“The standard operating rule is that Sterkfontein Dam releases water to the Vaal Dam when the Vaal Dam reaches a minimum operating level of 18%. The department’s analysis indicates that this is unlikely to occur at any probability level in the 2023-2024 operating year. Hence, releases from Sterkfontein Dam to support the Vaal Dam are not envisaged for the current 2023-2024 operating year and Sterkfontein Dam remains full to date,” Phillips explained.
He said further analysis will be undertaken in May 2024 to ensure there are no likely risks to water supply from the IVRS in the 2024-2025 operating year.
“The fact that the Sterkfontein Dam is full means that it can provide a reserve supply of water to top up the Vaal Dam as needed.
“The shutdown will also not have any significant water supply implications for domestic users along the Liebenbergsvlei River and its tributaries in the Free State during that period.
“Licensed irrigators along the Liebenbergsvlei River and its tributaries will be provided with notices to restrict their abstraction during the shutdown period to certain days of the week, so that they abstract water from rivers fed by the Saulspoort Dam in a sustainable way during the tunnel closure,” Phillips said. – SAnews.gov.za
GabiK
Fri, 04/26/2024 - 12:24
Vigil at Parliament also marked exactly 38 years since Chernobyl Disaster
In the bustling city of Johannesburg, South Africa, space is a premium commodity. Whether you’re a homeowner, a business owner, or a student, finding adequate storage solutions can be a challenge. That’s where self storage facilities come to the rescue, offering convenience, security, and peace of mind. Self Storage Johannesburg South: Your Ultimate Storage Solution …
Mjwara's departure bittersweet, says Minister Nzimande
Minister of Higher Education, Science and Innovation, Professor Blade Nzimande, has described Dr Phil Mjwara’s farewell as bittersweet for both the department and the country’s science community.
The Department of Science and Technology (DSI) hosted a farewell for Mjwara, the longest-serving DG in the country, recently.
After serving for 18 years as DG, Mjwara has been praised for his significant contributions to the department and the country.
Mjwara, whose last day in office was on 28 March, was praised for his visionary leadership and dedication to a broader perspective.
“That’s one thing I enjoyed about you is you always contextualise and look at the bigger picture. But at the same time being specific about what needs to be done,” Nzimande told the attendees at the farewell.
According to the Minister, Mjwara has played a crucial role in implementing key policies and institutional interventions with his strategic insights.
“I want to thank you for teaching me to be a science policy person. You know those who come from what is called a Marxist intellectual tradition. They usually are very arrogant about science. But thank you very much for teaching me many aspects of science that I didn’t know about,” he told Mjwara.
Mjwara holds a BSc, MSc, and PhD from the University of the Witwatersrand. His academic career includes serving as a Professor of Science and Technology Policy at the University of Pretoria, and physics lectureships at the Universities of the Witwatersrand, South Africa, and Fort Hare.
Nzimande also saluted Mjwara for the outstanding work and the role he played in the management of the COVID-19 pandemic under the leadership of President Cyril Ramaphosa.
He was also lauded for outstanding projects he was involved in such as hydrogen strategy, vaccine manufacturing innovations, indigenous knowledge systems projects and the National Policy Data Observatory.
“Being in the department has been a learning curve for me and your presence has truly anchored me as a science policy person,” Nzimande added.
The Minister also congratulated Mjwara because, for the first time in South Africa, the country has developed the capacity for the local production of vaccines.
He gifted the retiree with a shield and a spear as a symbol for the fights he fought and conquered as a civil servant.
“I want to say something to the staff of DSI that indeed we have very big shoes to fill.”
Mjwara also took the podium to thank the guests for honouring him with their presence. He paid tribute to the Ministers and Special Advisors who have worked with him and his team over the years.
“I appreciate that Ministers provided us with roles and gave us the space to do what needed to be done. The role was very clear.”
When he began his journey at DSI, he expressed his desire to create a machine that would make everyone proud.
“I am proud that we built this machinery. It will take somebody very skilful to [try to] dismantle this. I want to say here that I wish them all the best in trying to do it. Because it's been designed with all the checks and balances to make sure that those who have the ambitions to destroy this will not get into the entire DSI family I'm very proud of,” he said, an utterance which was met with cheers.
He expressed his sincere gratitude to his staff from the Pretoria and Cape Town offices for all the support they provided to him and his family.
Mjwara gave a special dedication to his assistants. “I am grateful that they all stayed with me because I can be very difficult.”
He paid tribute to his wife, his three adult children, and his newly wedded daughter-in-law. “I know that I haven’t always been present and I apologise for not being there all the time but I hope now you know where I was,” he quipped.
He said that he has not taken their support and sacrifice for granted.
During the event, Bongiwe, Mjwara’s daughter, shared some personal anecdotes and paid tribute to her father's character and achievements.
“With everything, he ran the household very systematically and had great organisational skills with everything. It is amazing to see everything that our father has done and how he has remained as a person. He's been to all these places, met all these people but continues to remain humble.”
She described her dad as a humorous man with a charming smile.
“I just hope that in your projects going forward you’ll continue to use him but also let him enjoy life, enjoy his legacy and his family. You have set such a beautiful standard for excellence, respect, and humility and we are proud of you.” – SAnews.gov.za
Gabisile
Fri, 04/26/2024 - 13:37
European partners have been vocal about plans to boost clean, smart and secure investments in Africa's energy sector, with the EU's Global Gateway Initiative aiming to mobilize €150 billion across the continent through 2027. Motivations for this range from securing the bloc's own energy supplies, to strengthening energy diplomacy on the continent, to generating high returns on critical infrastructure investments. Given Europe's focus on sustainable energy development, the upcoming Invest in African Energy (IAE) forum (https://Invest-Africa-Energy.com) – taking place in Paris on May 14-15 – will showcase opportunities for the European and global private sector to develop and advance natural gas, renewable energy, green hydrogen and decarbonization technologies across the continent, with a view to supporting Africa's role in the global energy transition.
LNG
As Africa looks to develop its gas for domestic and export markets, LNG (https://apo-opa.co/3UD3ivS) represents a critical investment avenue for European partners and investors. Representing a relatively clean-burning fossil fuel that can deliver energy reliably and to scale, LNG has been positioned as the fuel of the future and the key to meeting rising energy demand in Africa and globally. European majors and independents are already at the helm of developing world-class LNG facilities across the continent, from bp's Greater Tortue Ahmeyim LNG in Senegal and Mauritania, to Perenco's Cap Lopez LNG Terminal in Gabon, to Eni's Congo LNG in the Republic of Congo. The continent features myriad opportunities in the exploration, transport, processing and storage of natural gas and associated EPC contract value in establishing integrated gas value chains.
Renewables
Africa's solar potential is measured at 7,900 GW – more than 1,000 times its current solar generation capacity – while wind potential is measured at 461 GW, which equates to 100 times the current wind generation capacity. The continent is home to considerable technical potential for hydropower – which accounts for approximately 17% of its electricity generation on average – and is set to overtake Europe in installed geothermal capacity by the end of the decade. Given Africa's prolific energy needs, decentralized power solutions (https://apo-opa.co/4aRnFuC) – particularly from renewables – hold the capacity to help electrify rural parts of the continent, while aligning with net-zero targets.
Green Hydrogen
Owing to its substantial and often co-located renewable resources, Africa provides optimal conditions for the development of green hydrogen (https://apo-opa.co/4aRgItB) and green ammonia, estimated to be able to produce a surplus of 20-40 million tons of green hydrogen per year by 2050. The continent is home to several major green hydrogen projects – namely, the 15 GW Aman project in Mauritania, 3 GW Tsau Khaeb project in Namibia and 4 GW SCZONE project in Egypt. Germany has emerged as an active player in this domain by investing in and lending technical expertise to hydrogen development in Angola, Mauritania and Namibia, as well as pledging to invest €4 billion in sustainable energy projects in Africa – including renewable power, green hydrogen and critical raw mineral extraction – through 2030. The EU is targeting ten million tons of imported renewable hydrogen per year by 2030, offering development finance and production subsidies to help African countries develop their green hydrogen supplies.
Carbon Capture and Storage (CCUS)
Capturing carbon dioxide produced from burning fossil fuels or as a by-product of industrial manufacturing processes, CCUS technology represents a dynamic investment opportunity within Africa's energy transition. It holds a wide range of applications – from enhanced oil recovery to fuel production to waste-to-energy plants – and aligns with Africa's decarbonization goals, while enabling much-needed energy production. CCUS projects are already underway in South Africa's Mpumalanga Province – where it will capture carbon dioxide from coal-fired power stations – and at Egypt's Meleiha Field, part of a broader $25-million, multi-phase CCUS project. CCUS aligns closely with the EU's broader decarbonization goals and represents a strategic area of potential collaboration between European and African service providers by way of sharing best practices, technical expertise and technological innovation.
Distributed by APO Group on behalf of Energy Capital & Power.
GroundUp and Black Sash hosted a debate on the feasibility of the Basic Income Grant (BIG) on Thursday
Former athletics boss pays back the money
Former Athletics South Africa Acting CEO, Terrence Magogodela, has paid back ill-gotten gains he unduly gained from the National Lotteries Commission (NLC) grant funding for a sports facility development.
According to the Special Investigating Unit (SIU), Magogodela agreed to pay back some R388 733,05 after it was found that he signed a funding application to construct athletics tracks in the Northern Cape but used the money to buy property.
“On the form, he indicated that he was the project coordinator for Inqaba Yokulinda, but he was neither the project coordinator nor a member of [non-profit organisation] Inqaba Yokulinda.
“The funding application, the business and implementation plan, and an endorsement letter from ASA [Athletics South Africa]were submitted to the NLC. Magogodela channelled the NLC funds towards a property in Gauteng,” the SIU said.
Following investigations, Magogodela relented to paying back the money.
The SIU also warned that the payment does not shield the former athletics boss from criminal prosecution.
“Initially, a settlement agreement was reached but Magogodela failed to honour it. This prompted the SIU to approach the Special Tribunal for an application to preserve his Gauteng home. In February 2022, the Special Tribunal granted the SIU a preservation order for Magogodela’s property.
“Following the full payment made by Magogodela, the SIU will approach the Special Tribunal for an application to discharge his property from the preservation order. However, the settlement agreement does not constitute a full and final settlement between the parties. SIU remains entitled to join Magogodela in any future proceeding and claim appropriate relief from him.
“The settlement with Magogodela is part of the implementation of the SIU investigation outcomes and consequence management to recover financial losses suffered by State institutions due to negligence or corruption. The settlement agreement does not absolve Magogodela from possible prosecution,” the SIU said. – SAnews.gov.za
NeoB
Fri, 04/26/2024 - 09:30
Reflecting on 30 years of Joekels Tea Packers being in business 30 years ago, South Africa was at a crossroads, preparing for the country’s first democratic elections. At the same time, Joe Swart and Jonathan Kelsey were formulating a business plan in Joe’s mom’s garage. The idea was simple – make quality tea available and …
JOHANNESBURG: Hollywoodbets Dolphins secured another CSA T20 Challenge final spot with a five-wicket victory over Dafabet Warriors at the Hollywoodbets Kingsmead...
JOHANNESBURG: Reigning CSA 4-Day Series Champions, DP World Lions, secured a home final with a commanding eight-wicket victory (DLS Method) over Momentum...
But the right of prisoners to vote has at times been resisted by the government and the Independent Electoral Commission
Using vials and syringes instead of pens can lead to insulin dosing errors which can be fatal
Simola Hillclimb kicks into gear from Thursday 2 May with scrutineering for Classic Car Friday, the race car display and the popular Knysna Parade leading up to a full day of competitive action on Friday The heavy hitters roll into town on Friday 3 May for the official build-up including a spectacular Knysna Parade, followed […]
Gupta brothers extradition still on NPA sights despite setbacks
National Director of Public Prosecutions of the National Prosecuting Authority (NPA), Advocate Shamila Batohi, says the entity is facing challenges in its bid to extradite Atul and Rajesh Gupta back to South Africa from the United Arab Emirates (UAE) to face charges including fraud and money laundering related to State Capture.
The extradition request to the UAE was rejected in April last year and Batohi said follow ups on finding reasons why have not been responded to by their Middle Eastern counterparts.
“We have been trying very hard to find out some very basic things like what exactly [is] the problem with our extradition request. We’ve not had satisfactory responses from the UAE.
“We’ve been trying to…set up a meeting with the national director and the head of the prosecuting authority in the UAE in order for us to understand this. We’ve not been able to schedule that meeting for months,” she said.
Batothi explained that the National Prosecuting Authority (NPA) has taken steps to request political intervention from the Presidency.
She revealed that the entity had briefed Deputy President Paul Mashatile on the matter ahead of his working visit to the UAE this week.
“We’ve decided, as the NPA, that we needed the President of this country to intervene with the ruler of the UAE because we realised that unless there isn’t that strong political push in the UAE, we’re going to struggle with this matter.
“Mutual legal assistance, ultimately…it depends on political will and if the leaders in a country do not want to cooperate with you, there’s no way you can get that cooperation.
“What we hope the DP [Deputy President] will be able to do – we have briefed him fully – is really to get the commitment from the rulers of the UAE at the highest level, for them to understand the importance of these cases to South Africa and for them to get the commitment at the highest level that the UAE will support South Africa in our requests,” she said.
In September 2023, the Department of Justice and Correctional Services in a statement said it had now been requested to resubmit a new extradition request.
This after the UAE in April 2023, rejected South Africa’s extradition request for the brothers, which the department described then as “inconsistent with article 17 of the United Nations Convention Against Corruption, to which both nations are a signatory”.
READ | Justice dept gives Gupta brothers extradition update
– SAnews.gov.za
NeoB
Thu, 04/25/2024 - 09:38
President to lead Freedom Day celebrations
President Cyril Ramaphosa will lead the 2024 Freedom Day national celebrations at the Union Buildings in Pretoria this weekend.
“This commemoration calls on all South Africans to honour our past, celebrate our achievements, and collectively build a future where everyone enjoys equal rights,” the Presidency said on Wednesday ahead of Saturday’s celebrations.
This year’s Freedom Day marks the 30th anniversary of South Africa’s democratic dispensation and commemorates the nation’s first democratic election on 27 April 1994.
Celebrated Under the theme: “30 Years of Democracy, Partnership, and Growth,” this year's Freedom Month celebrations hold special significance as they also coincide with the 28th anniversary of the enactment of the South African Constitution as the supreme law of the land.
“Reflecting on the strides made over the past three decades, we honour the sacrifices of those who fought tirelessly for a democratic, equal, and discrimination-free nation. The Freedom Day event will unite all spheres of government and stakeholders and partners from all sectors of society in celebrating our democratic journey,” the Presidency said.
VIEW | Read our Special Feature on the 30 Years of Freedom and Democracy
The observance of this historic milestone comes as preparations are being finalised for the 2024 National and Provincial elections taking place on Wednesday, May 29.
“Freedom Day and Freedom Month seek to deepen understanding of South Africa's history and development, foster dialogue on our constitutional journey, and mobilise the public and private sectors towards addressing pressing challenges.
“Minister of Sport, Arts, and Culture Zizi Kodwa, Premier of Gauteng Province Panyaza Lesufi, and Members of the Executive Council, along with mayors and senior government officials, will join President Ramaphosa on this momentous occasion,” the Presidency said. –SAnews.gov.za
nosihle
Thu, 04/25/2024 - 09:51
A N$24 million (over US$1.2million) investment through a partnership between Coca-Cola Beverages Africa (CCBA) (www.CCBAgroup.com) in Namibia and Plastic Packaging has culminated in the opening of a new polyethylene terephthalate (PET) flaking plant in Okahandja which will double the capacity of the only mechanical recycler of plastic waste in the country.
The plant was officially inaugurated by the Minister of Environment, Forestry and Tourism, Pohamba Shifeta.
“The Coca-Cola system aims to drive systemic change through a circular economy for packaging. We are leading the industry to help collect and recycle a bottle or can for every one we sell by 2030. We have a responsibility to help solve complex plastic waste challenges facing our planet and society, and we're leveraging our scale and reach to achieve our sustainability goals and reduce packaging waste,” said CCBA Chief Public Affairs, Communication and Sustainability Officer, Tshidi Ramogase.
“This facility is an example of how we work with partners across business, government and civil society to support or create closed loop systems to ensure our packaging is collected and recycled or reused.
“Supporting the establishment of a circular economy for packaging has both environmental and economic benefits since recycling has the potential to create jobs and to empower the informal waste collection sector in a circular economy.
“Unlike a traditional linear economy in which packaging is made, used and disposed of; a circular economy preserves the economic value of packaging through robust collection and recycling systems,” said Ramogase.
The completion of this cutting-edge recycling facility will enable Namibia Polymer Recyclers (NPR), a subsidiary of Plastic Packaging, to recycle up to 500 tons per month.
The recycling plant transforms discarded beverage bottles made from PET material into PET flakes with an international market value. The flaking process of post-consumer PET bottles involves sorting, shredding it into PET flakes, hot-washing and drying of flakes, which are then sent for further processing into recycled PET pellets and other end-uses.
This reduces the need to use virgin PET, while diverting waste from landfills and the environment.
“We are investing in infrastructure and exploring ways to support additional recycled PET capacity in each of the regions where we operate. These investments not only provide a source of recycled content for our packaging but also create additional demand for empty packages, driving increased collection.
“At CCBA, we are a proud industry leader in developing increasingly sustainable ways to produce, distribute and sell our products. We use our industry leadership to be part of the solution to achieve positive change and to build a more sustainable future for our planet,” said Ramogase.
Distributed by APO Group on behalf of Coca Cola Beverages Africa.
Issued By:
Enid Johr
PACS Director
CCBA in Namibia
Tel: +264 81 778 5381
Email: ejohr@ccbagroup.com
Wendy Thole-Muir
Head: Reputation and Communication
Coca-Cola Beverages Africa
Tel: +27 83 795 8524
Email: WThole-Muir@ccbagroup.com
About CCBA:
CCBA is the 8th largest Coca-Cola bottling partner in the world by revenue, and the largest on the continent. It accounts for over 40% of all Coca-Cola products sold in Africa by volume. With over 18,000 employees in Africa, CCBA services more than 720,000 customers with a host of international and local brands. The group was formed in July 2016 after the successful combination of the southern and east Africa bottling operations of the non-alcoholic ready-to-drink beverages businesses of The Coca-Cola Company, SABMiller plc and Gutsche Family Investments. CCBA shareholders are currently: The Coca-Cola Company 66.5% and Gutsche Family Investments 33.5%. CCBA operates in 15 countries, including its six key markets of South Africa, Kenya, Ethiopia, Uganda, Mozambique and Namibia, as well as Tanzania, Botswana, Ghana, Zambia, the islands of Comoros and Mayotte, Eswatini, Lesotho, and Malawi.
Learn more at https://www.CCBAgroup.com
JOHANNESBURG – April 2024: Africa’s children continue to have their voices heard in impactful policy-making forums across the continent with the launch of the second annual Africa Children’s Summit (ACS), set to take place between 9 and 12 August 2024. Facilitated by The Nelson Mandela Children’s Fund (NMCF), the ACS will be organised, hosted, and …
Stellantis Middle East and Africa (www.Stellantis.com) celebrated this April 18th in Istanbul _Turkey the success of its first Customer Centricity Competition, an innovative event that brought together our network front liners exceptional talent from across the MEA region. The competition showcased the skills and expertise of professionals in four distinct categories: Sales Advisor, Service Advisor, Technician, and Spare Parts Advisor.
The Stellantis MEA Customer Centricity Competition saw a total of 24 winners among 6000 professionals from 81 markets across MEA region, representing the four different categories across various dealers within the MEA region. Participants from all over the region, including countries such as Morocco, Turkey, Egypt, South Africa, Tunisia, and Qatar, eagerly took part in this event.
The winners were selected based on their exemplary performance and expertise in each sub-category. In the Sales and Service Advisor category, winners were recognized for their excellence in Best Greeting & Consulting, Best Negotiation & Closing, and Best Theoretical Knowledge. Similarly, in the Technician and Spare Parts Advisor category, winners were awarded for Best First Practical Test, Best Second Practical Test, and Best Third Practical Test.
"This competition highlights Stellantis MEA's commitment to excellence and customer satisfaction as per our dare forward 2030 strategy with our ultimate goal to accomplish the top position in customer satisfaction it's a commitment that drives our actions by placing the customer at the heart of our operations." said Samir Cherfan, Chief Operations Officer for Stellantis Middle East & Africa. “We were pleased to see such an exceptional display of talent and expertise. The winners have truly set a benchmark for customer-centricity and professionalism.”
To reinforce this commitment, Stellantis MEA have made substantial investments in training totaling nearly 2 million Euros in 2023 and translating into along with 70,000 hours training across the region. Thus, several tangible efforts have been implemented such as:
The success of the Customer Centricity Competition highlights Stellantis MEA's dedication to fostering talent and enhancing customer experiences across the MEA region.
Distributed by APO Group on behalf of Stellantis.
For more information, contact:
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www.Stellantis.com
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About Stellantis:
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today's customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit www.Stellantis.com
SA takes steps to improve financial regulatory structure
With the newly launched Corporation for Deposit Insurance (CODI), South Africa has taken a significant step in overhauling its financial regulatory structure, says Finance Minister Enoch Godongwana.
CODI is South Africa’s Deposit Insurance Scheme (DIS) created and mandated by law to protect qualifying bank depositors in the unlikely event of their bank failing.
READ | Deposit insurance body established to protect bank depositors
“The establishment of CODI underpins the consumer protection pillar, securing depositors by guaranteeing access to up to R100 000 of their deposits in case of a bank failure - an essential safety net in our rapidly evolving financial landscape and advancing the Twin Peaks model,” the Minister said on Thursday.
Addressing the CODI launch in Johannesburg, the Minister said the corporation will advance the Twin Peaks model.
“The Twin Peaks model revolutionises financial safety and consumer protection by splitting regulatory duties into two focused areas. One ensures financial institutions are robust and secure, and the other safeguards consumer interests.
"This model not only enhances the system's stability but also bolsters consumer confidence by offering clearer oversight and reducing financial crisis risks,” Godongwana said.
The Twin Peaks model positions two dedicated bodies - the Financial Sector Conduct Authority and the Prudential Authority - at the forefront, enhancing the management of complex financial systems and boosting both consumer and investor confidence.
The model was introduced by the National Treasury in 2011 as a response to vulnerabilities exposed by the global financial crisis.
“The Financial Sector Regulation Act of 2017 laid the legal foundation, establishing the Prudential Authority and the Financial Sector Conduct Authority in 2018. These bodies have since been fine-tuning regulations, adapting to new technologies, and enhancing their oversight capabilities.
“The Conduct of Financial Institutions (COFI) Bill, key to further solidifying this framework, has been refined through public consultations and is slated for parliamentary consideration later this year.
“Its focus on preventing bank failures from broadly impacting the financial system and economy is a testament to our proactive regulatory approach, preventing crises that have historically had devastating socioeconomic effects,” the Minister said.
Godongwana said trust is fundamental to any financial system’s effectiveness and existence.
“Yet, global trends, especially post-2008, show a marked decline in trust towards financial regulators, attributed to regulatory failures and perceived alignment with financial elites rather than the public. To counteract this, we must adopt a regulatory framework that is as dynamic and proactive as the financial sector itself.
“This involves not only adapting to but anticipating market changes, ensuring transparency, and enhancing public understanding and engagement in financial regulation. Regaining public trust in financial regulation requires deep structural reforms and a shift towards greater accountability, transparency, and public inclusivity,” the Minister said. – SAnews.gov.za
nosihle
Thu, 04/25/2024 - 15:22
SA on track to eliminate malaria disease by 2028
The Department of Health says South Africa is on track to achieve malaria elimination status by 2028, as outlined in the National Malaria Elimination Strategic Plan.
This, according to the department, is despite facing challenges such as heightened heatwaves exacerbated by climate change, with the potential to directly impact transmission and the burden of disease.
According to the department, malaria elimination promises both health and economic benefits, in line with the goals of the 2030 National Development Plan and the United Nations Sustainable Development Goals.
“This has the potential to also benefit the Southern African countries collectively on issues of trade, tourism, health, and economic growth,” the statement read.
While progress has been made in reducing the burden of malaria in provinces such as Limpopo, Mpumalanga, and KwaZulu-Natal, the department believes further efforts are needed to curb local transmission.
South Africa is today joining the global community to observe World Malaria Day to recognise global efforts to control malaria to reduce the burden of the disease and avoid preventable deaths.
Each year on April 25, South Africa joins the global community in recognising World Malaria Day.
READ | SA commemorates World Malaria Day
The Department of Health has since urged all stakeholders, including communities, healthcare professionals, civil society organisations and international partners to collaborate in intensifying the fight against malaria, aiming to foster a healthier and more equitable world for current and future generations.
Malaria is a preventable and curable life-threatening disease transmitted by a type of female mosquito called Anopheles, which remains a significant global health concern.
In 2022, an estimated 249 million new cases and approximately 608 000 deaths were reported, with Sub-Saharan Africa enduring the most of the burden.
In South Africa, 9 795 cases and 106 deaths were reported in 2023, demonstrating notable progress, including the subnational elimination of malaria in the King Cetshwayo District of KwaZulu-Natal.
“The government is committed to integrating the ethos of ensuring equal access to malaria prevention and treatment services for all with the principles of the National Health Insurance, which essentially has the objective of attaining Universal Health Coverage.”
The department is of the view that eliminating malaria is an ambitious task that requires sustainable resources, collaboration with neighbouring countries including Botswana, Eswatini, Mozambique, Namibia, and Zimbabwe, evidence-based policies, strong partnerships and a dedicated workforce.
“South Africa is working towards strengthening and harnessing its domestic expertise while collaborating with global partners.”
Last year, South Africa was amongst the countries that received global prestigious awards from the World Health Organisation (WHO) for their efforts to achieve important milestones towards malaria elimination.
The 2024 World Malaria Day will be commemorated under the theme: ‘Accelerating the fight against malaria for a more equitable world’, which focuses on acknowledging the varying effects of malaria on men and women, emphasising the need to address these discrepancies in prevention and healthcare access.
Malaria symptoms include headache, fever, chills, fatigue, and muscle and joint pain that occur up to three weeks after first potential exposure.
However, early diagnosis and treatment are strongly recommended as the disease rapidly progresses to severe illness, often with severe consequences. – SAnews.gov.za
Gabisile
Thu, 04/25/2024 - 11:43
