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In an exciting development for sustainable energy enthusiasts and homeowners alike, Hohm Energy, a leading provider of solar energy solutions in South Africa, has announced its new end-of-year holiday marketing campaign, “Light Up Your Holidays with Solar Man and Hohm Energy.” This innovative campaign not only promises to add a sparkle to the festive season …
Journalist of the Year award shared by News24 and GroundUp
On Thursday 23 November 2023, South Africa’s increasingly global fashion industry turned out in well-heeled force at a dazzling gala event that succeeded in being even more glamorous thanks to its mindful host, Twyg, an independent media non-profit organisation working at the intersection of fashion and sustainability. Celebrating designers who use sustainable practices, this was …
The Role of Ecommerce Courier Services Ecommerce courier services in South Africa have emerged as a critical component in the digital retail domain. These services have adapted to meet the increasing and varied demands of online businesses and their customers, playing a pivotal role in the ecommerce ecosystem by enhancing operational efficiency and customer satisfaction. …
Durban, KwaZulu-Natal – The Durban Chemicals Cluster (DCC) Business Accelerator held its annual “Dragons’ Den” event at The Pearls in Umhlanga Rocks on Tuesday, 28 November 2023. Emulating the renowned Dragons’ Den format, 11 emerging Black-owned enterprises passionately presented their ventures to a panel of influential ‘Dragons’ who are driving the meaningful transformation of the …
AG reports overall improved audit outcomes
The Auditor-General of South Africa (AGSA), Tsakani Maluleke, has reported an overall improvement in the national and provincial government audit outcomes.
Tabling the 2022-23 general report for national and provincial departments, entities and legislatures in Parliament on Wednesday, the AG said the outcomes reflect an overall improvement over the term of the current administration, now in its fourth year.
However, she pointed out that there are still weaknesses in planning, monitoring and reporting on service delivery; challenges in infrastructure management, and increasing pressure on the fiscus due to a lack of prudence in spending.
“Over the administration’s term, we have seen some encouraging signs of improvement in the ability of national and provincial government to transparently report on their finances and performance, and to comply with key legislation.
“However, those auditees with the greatest impact on the lives of South Africans and on government finances, which we refer to as ‘high-impact auditees’, are lagging behind on financial and performance management disciplines. This is placing further pressure on government finances,” Maluleke said.
She said these high-impact auditees comprise departments, public entities and State-owned entities that are collectively responsible for 85% (R2.64 trillion) of the expenditure budget.
They contribute to delivering health services, skills development and employment, infrastructure development, safety and security, water and sanitation, energy, and environmental and financial sustainability.
“Overall, the audit outcomes of both departments and public entities improved and more auditees improved their audit outcomes each year of the administrative term than regressed. In 2022-23, the net improvement was 37 auditees (9%) – the biggest movement over the four-year period. Provincial government showed a net improvement of 44 (27%) and national government a net improvement of 34 (15%),” the AG said.
Clean audits
The AG noted that the number of clean audits continues to increase every year due to significant effort and commitment by the leadership, officials and governance structures of these institutions.
“A clean audit is not always an indicator of good service delivery. However, a clean audit positions an auditee to transparently communicate to citizens on whether and when their needs will be met through accurate records, which also enables informed decisions by the different role-players in the accountability ecosystem.
“We have seen that auditees with institutionalised controls and systems to plan, measure, monitor and account for their finances and performance, and to stay within the rules, often also have a solid foundation for service delivery to the people of South Africa,” Maluleke said.
She re-emphasised the importance of a clean audit, which shows that an auditee’s financial statements and performance report give a transparent and credible account of its finances and its performance against the targets that had been set.
It also means that the auditee had complied with the important legislation that applies to financial and performance management.
The 147 auditees (35%) that achieved clean audits in 2022-23 managed 16% of the R3.10 trillion expenditure budget in national and provincial government.
In addition, the 162 auditees (39%) that received unqualified audit opinions with findings managed 48% of the budget.
“It is commendable that these auditees that make up 74% of the auditee population are able to publish credible financial statements, which is a positive development that must be encouraged. This augurs well for accountability,” the AG said.
She also commended the 53 auditees (36%) that have managed to retain their clean audit status over the administrative term through practices such as institutionalising and monitoring key controls (including preventative controls), and by having all role players in the accountability ecosystem committed to fulfilling their monitoring, governance and oversight roles.
She further acknowledged the 37 auditees that are very close to obtaining a clean audit, and only need to address one finding on either the quality of their financial statements or on their performance reporting.
“Some of these auditees have been working towards this goal for many years and we encourage them to persevere in overcoming the last hurdle. If they manage to do so, we expect to see an increase in the number of clean audits for 2023-24. This will set a strong foundation from which the next administration can build when its term starts in 2024-25,” Maluleke said.
Disclaimed and adverse outcomes
Overall, the number of auditees with disclaimed audit opinions decreased.
Maluleke cautioned that if any of the 31 auditees with outstanding audits also receive disclaimed opinions, the improvement in this area will be less significant, but should still be acknowledged.
Nine of these audits were subsequently finalised, with an additional two auditees receiving disclaimed audit opinions.
Maluleke reported an increase in adverse audit opinions due to three public entities moving from a disclaimed opinion last year to an adverse opinion in 2022-23. – SAnews.gov.za
nosihle
Wed, 11/29/2023 - 12:16
Delay in delivery of infrastructure projects affects service delivery
The Auditor-General of South Africa (AGSA) Tsakani Maluleke says all too often infrastructure delivery projects which have been delayed, are costing more than what was initially planned or are of poor quality.
In the 2022-23 financial year, the AGSA audited 137 infrastructure projects, focusing on critical infrastructure, including health facilities, schools, housing, roads and railways, water infrastructure, and government buildings such as police stations.
“Our audit work incorporated numerous site visits by our multi-disciplinary audit teams, who applied their expertise to inspect project progress and quality. We reported findings on 112 (82%) of the projects that we visited. There are also delays in newly built infrastructure,” Maluleke said.
She said when auditees, especially high-impact auditees, do not properly manage their performance, finances and infrastructure; it directly affects the delivery of key government programmes that are intended to improve the lives of South Africans and to alleviate hardships stemming from tough economic conditions and poverty.
“Wasted money and resources means reduced funding for service delivery programmes and, eventually, a greater burden on taxpayers,” the AG said.
She made these remarks in Parliament on Wednesday, while tabling the 2022-23 general report for national and provincial departments, their entities and legislatures.
Maintenance of government properties
Maluleke noted that many government properties are in a poor condition because of the sector’s reactive approach to maintenance.
“Most maintenance work is only done in response to emergency requests and little time or budget is spent on preventative maintenance,” the AG said.
The public works sector is responsible for maintaining government properties, including health facilities, police stations and buildings that accommodate departments.
She said government officials and the public continue to use properties that are in poor condition, which lowers the effectiveness of the working environment and puts the safety of officials and the public at risk.
“There are currently 2 394 unoccupied government properties, most of which have not been maintained and are in a bad state. Even though these properties are not used, costs such as property rates and taxes still need to be paid.
“When there are not enough fit-for-use properties available to departments, the Property Management Trading Entity needs to enter into lease agreements – which could have been avoided if properties had been properly maintained,” Maluleke said.
The AG further cautioned that such lease agreements are often costly to government because of high annual increases and higher-than-average market rates being paid.
She attributed the failures in delivering, maintaining and safeguarding infrastructure to four matters that need urgent attention:
Audit outcomes of service delivery auditees and key public entities
The AG said the 193 high-impact auditees generally have poorer audit outcomes than other auditees and struggle with performance, financial and infrastructure management.
These high-impact auditees comprise departments, public entities and state-owned entities that are collectively responsible for 85% (R2.64 trillion) of the expenditure budget.
They contribute to delivering health services, skills development and employment, infrastructure development, safety and security, water and sanitation, energy, and environmental and financial sustainability.
“Auditees from this group also account for 48% of all outstanding audits and 65% of all modified audit opinions; in other words, qualified, adverse and disclaimed opinions. In total, 139 of the 193 high-impact auditees were required to report on their performance in 2022-23,” she said.
Those excluded were the 50 technical and vocational education and training colleges, the Property Management Trading Entity, Water Trading Entity and Commission on Restitution of Land Rights, whose performance is reported in the performance reports of their parent departments.
“We raised material findings on the reported performance information of 127 (42%) of these auditees, as well as material findings on compliance with key legislation at 76% of the 178 auditees with completed audits.”
Call for improvement in service delivery
The AG has called for improved service delivery enabled by capable, cooperative, accountable and responsive institutions delivering on their mandates.
“At a time of economic hardship in which the public’s demands for service delivery and accountability are increasing, there is an expectation that national and provincial government will do everything in their power to get the most value from every rand spent and to manage every aspect of their finances with diligence and care.
“This is, however, not what we have seen at some departments and public entities during our audits. Improved service delivery and the responsible use of the limited funds available will only be possible when we have capable, cooperative, accountable and responsive institutions that deliver on their mandates.”
She urged all roleplayers in the accountability ecosystem, particularly those with direct control over service delivery, to work deliberately and with urgency towards achieving a culture of accountability, transparency, integrity and improved service delivery for all South Africans. – SAnews.gov.za
nosihle
Wed, 11/29/2023 - 12:26
For a long time, South Africa has hinged its prosperity on gold, and the development and economic prosperity of the province of Gauteng gives testimony to this fact. Recent decades, however, have seen production of gold wane dramatically, from an era of having been our majority metal export to now being a small minority at …
A Stakeholder Engagement event was held in Polokwane, Limpopo province, on 24 October 2023, where the International Youth Foundation (IYF) and De Beers Group collaborated to celebrate significant milestones achieved through their joint efforts in empowering the youth of that province via the Skills 4 Life Programme. IYF acknowledged the valuable contributions and collaborative endeavours …
Forklift hire, a practical solution for businesses in South Africa that require material handling equipment on a temporary or project-specific basis, offers flexibility and cost efficiency. Hiring a forklift instead of purchasing can be a strategic choice for many businesses, particularly in a dynamic economic environment like South Africa’s. Benefits of Forklift Hire …
As digital transformation continues to accelerate, it is evident that the fintech sector is not just responding to current demands, it is also anticipating the future needs of businesses and consumers alike. With the emergence of decentralised platforms to the integration of financial services into everyday consumer experiences, each year brings significant milestones in the …
Government announces new awards for arts, culture sector
Minister of Sport, Arts and Culture Zizi Kodwa has announced that government will be hosting an all-encompassing awards ceremony to recognise those who exhibit outstanding artistic and technical achievement in the arts and culture sector.
“The creativity and imagination of the South African designers, artists, producers, writers, and performers are continuing to shine the light on the global stage and driving the growth of our creative economy,” Kodwa said on Tuesday in Pretoria.
The Department of Sport, Arts and Culture intends to confer South African Creative Arts Awards (SACA) annually in appreciation of the outstanding contributions to the creative sector.
“This is another way in which government is developing a participatory cultural platform by supporting artists and arts and culture initiatives, as essential elements to stimulate the growth of the country’s creative economy.
“These are creatives from across cultural domains that push the boundaries of their creative ability and show devotion to excellence with uncompromising quality, ground-breaking creativity and relentless innovation that defines those that are outstanding from the best.
“The South African Creative Arts Awards are for creatives from across cultural domains who push boundaries of their creative ability and show devotion to excellence,” the Minister said.
The launch date for the SACA will be announced in due course.
Meanwhile, South Africa will be hosting the 2024 International Cricket Council (ICC) Under 19 Cricket World Cup from 20 January to 11 February 2024.
The event was initially scheduled to take place in Sri Lanka, however, the ICC Board decided to move this tournament from Sri Lanka and awarded it to South Africa.
“The move was taken as a consequence of the ICC provisionally suspending Sri Lanka Cricket due to extensive government interference in the board's administration. Sixteen countries are expected to participate. No government funding is required. The International Cricket Council and Cricket South Africa will provide funding for the tournament,” Kodwa said.
The event will take place at the following venues:
2027 Netball World Cup
With preparations for South Africa’s participation in the 2027 Netball World Cup underway, the Minister also announced the appointment of an Independent Advisory Panel on Netball Professionalisation, which will ensure the development, sustainability, and competitiveness of netball.
The Independent Advisory Panel has been appointed with the objective of developing a blueprint for the development of Netball in the country.
The panel will be expected to review netball’s strategy and increase Mass Participation to ensure Netball becomes a sport of first choice in communities.
Furthermore, the panel will ensure the national league as a commercial product and that it generates revenue for the system that increases the broadcast value and aids professionalization.
It is also responsible for achieving excellence in the international rankings at major international competitions as well as dealing with matters pertaining to governance and finance.
The following are members of the Independent Advisory Panel on Netball:
Board of Boxing SA
The current term of the Board of Boxing South Africa expires on 11 December 2023.
The Minister thanked the outgoing board members for the work that they have done during the period.
He also announced the appointment of the following new members of the Board of Boxing SA with effect from 12 December 2023 until 11 December 2026:
The World Anti-Doping Authority (WADA) has once again awarded South Africa with the hosting of the its Africa Regional office. This office is currently hosted in Cape Town and will continue to be based in Cape Town.
“In April 2023, WADA published a call for Expressions of Interest to host its Africa Office. Three countries, namely Egypt, Morocco, and South Africa, formally expressed interest and submitted a candidate file. Evaluation visits took place in these three countries at the beginning of October 2023,” the Minister said. – SAnews.gov.za
nosihle
Tue, 11/28/2023 - 13:04
CENTURION, 27 November 2023 — This holiday season, Centurion Mall is embracing a fresh approach to festivities with a strong focus on environmental consciousness and community engagement. Your parking ticket is now more than just a pass; it’s a key contributor to saving the environment and fostering job opportunities within our community. By repurposing parking …
Accountants must be fit to lead Africa's inclusive sustainable growth and economic recovery ensuring the continent's place in the global arena, says ACCA, (The Association of Chartered Certified Accountants) (www.ACCAGlobal.com) as it readies for its annual conference held for the first time in South Africa.
Hundreds of accounting professionals from across Africa are expected to gather at the Sandton Convention Centre, Johannesburg, for the fourth Africa Members Convention (AMC 2023) from December 6-8.
Themed Empowering Finance Professionals for Sustainable Development in Africa the conference will develop earlier conversations on innovative technologies, integrated thinking for sustainable business practice, international sustainability reporting to drive accountability, developing trade competencies towards supporting intra-Africa trade and enabling members develop careers toward building a better world.
“The accountancy profession has a fundamental role to play in the transformation of Africa's economy, as outlined in Africa's Agenda 2063 - The Africa We Want - which prioritises inclusive social and economic development, continental and regional integration, democratic governance and peace and security amongst other issues, “ said Jamil Ampomah ACCA Director Africa, responsible for implementing ACCA's strategy in the region and managing ACCA's relationships with key African stakeholders – governments, regulators, policy makers, employers, international agencies and regional organisations.
Several African governments have issued policies toward meeting their sustainability commitments underpinned by environmental, social and governance (ESG) considerations. Their adoption indicates the increasing importance of the sustainability agenda in both the private and public sector in Africa.
The conference will look at sustainability from many angles including financing sustainable development programmes, ethics and professionalism; technology and AI; support of developmental policy, corporate social responsibility and developing accounting career for the future.
The programme line-up brings together senior commercial and government financial professionals, from across the globe, including the World Bank's International Bank for Reconstruction and Development, and South Africa's Deputy Auditor General.
Jane Ohadike, Regional Head of Public Affairs for ACCA - Africa, responsible for setting the strategy for public sector and governments across the region said: “Accountancy and finance professionals are important agents of change and we have identified seven priority areas in which accounting professional have a role. There are building resilient economies, developing the talent of tomorrow, driving sustainable business, advancing standards and regulation, transforming the public sector, supporting entrepreneurial growth and strengthening ethics and trust.
“I really want to encourage accounting and financial professionals to attend the 2023 ACCA Conference to share their expertise and thinking while also using this platform to network and make strategic business connections.
Registration is now open and more information can be found online at Africa Members Convention (https://apo-opa.co/47suIsj).
Distributed by APO Group on behalf of Association of Chartered Certified Accountants (ACCA).
For media enquiries, contact:
ACCA News Room
E: newsroom@accaglobal.com
Twitter/X: https://apo-opa.co/3QZLo3n
ACCAGlobal.com
About ACCA:
We are ACCA (the Association of Chartered Certified Accountants), a globally recognised professional accountancy body providing qualifications and advancing standards in accountancy worldwide.
Founded in 1904 to widen access to the accountancy profession, we've long championed inclusion and today proudly support a diverse community of over 247,000 members and 526,000 future members in 181 countries.
In Africa ACCA supports 18,828 members and 58,432 future members and over 300 Approved Employers across the region. ACCA is present in six of Africa's10 largest economies, with opportunities to influence the profession in the remaining four economies. ACCA is also present remotely in Gambia, Sierra Leone, Cameroon, Rwanda, Namibia, Lesotho, Sudan, Somalia, Southern Sudan, and Eritrea.
Our forward-looking qualifications, continuous learning and insights are respected and valued by employers in every sector. They equip individuals with the business and finance expertise and ethical judgment to create, protect, and report the sustainable value delivered by organisations and economies.
Guided by our purpose and values, our vision is to develop the accountancy profession the world needs. Partnering with policymakers, standard setters, the donor community, educators and other accountancy bodies, we're strengthening and building a profession that drives a sustainable future for all.
Find out more at: www.ACCAGlobal.com.
Afrika Tikkun Services (ATS) in partnership with HSBC Bank hosted the 5th Annual Alumni Entrepreneur Network (AEN) Business Summit, on 11 November 2023, celebrating their ingenious entrepreneurs. The Summit provided young entrepreneurs with an opportunity to pitch their innovative business ideas or present their existing businesses to a panel of judges and a chance to …
Enoch Mgijima Municipality works to honour Eskom debt arrangement
Eskom has commended the Enoch Mgijima Local Municipality’s efforts to honour its National Treasury Municipal Debt Relief Programme obligations.
The municipality, which is located in the Eastern Cape, is one of more than 60 municipalities that have applied for the debt relief arrangement, which is aimed at assisting the ailing municipalities to pay their electricity bills.
“After a long history of indebtedness, protracted court cases, and power interruption, Eskom is pleased with Enoch Mgijima Local Municipality’s current account payment.
“Through this monthly payment, Eskom believes that the municipality is demonstrating its commitment to the National Treasury Debt Relief Programme, which will enable the municipality’s Eskom debt to be written off over a three-year period,” Eskom said in a statement on Thursday.
By August this year, municipal Eskom debt had snowballed to an estimated R63 billion and the power utility said this is contributing to the financial health challenges it faces.
“Arrear municipal debt remains a significant challenge for Eskom due to continued escalation to unsustainable levels. This poses serious risks to Eskom’s long-term financial sustainability. It also contributes significantly to the liquidity challenges currently facing Eskom,” Eskom said.
Enoch Mgijima municipal manager, Ayakha Ntengenyane, said the municipality is committed to paying and maintaining its Eskom bulk current account.
“Since we are implementing the Financial Recovery Plan, we expect revenue to increase and this will enable the municipality to improve its performance. We are also cracking down on illegal electricity connections, which are a hindrance to reliable power supply. We are also working hard to generate adequate funding to sustain operations,” Ntengenyane said. – SAnews.gov.za
NeoB
Thu, 11/23/2023 - 10:16
ISA awarded Net Zero Carbon Level 1 certificate
The Green Building Council of South Africa (GBCSA) has awarded Infrastructure South Africa (ISA) a Net Zero Carbon Level 1: Building Emissions certification for the standardised design of small clinics.
Cabinet approved the establishment of Infrastructure SA, which is responsible for raising additional funding for the projects, and driving efforts to ensure that implementation is expedited and projects are completed.
It is governed under the executive authority of the Minister of Public Works and Infrastructure. The top governance structure within ISA is the Infrastructure Investment Committee (IIC), chaired by the Minister of Public Works and Infrastructure.
The development of a standardised design for frequently designed public assets, such as small clinics, is a mandate given to ISA by Cabinet in 2021 for the purposes of accelerating planning and delivery of social infrastructure, developing updated cost estimates and reducing professional service costs for frequently delivered public infrastructure.
The Net Zero Carbon Level 1 Building Emissions certificate is defined as ‘a building that is highly energy-efficient, and the remaining energy use is from renewable energy, preferably on-site but also off-site where absolutely necessary, so that there are zero net carbon emissions on an annual basis (Net Zero)’.
“The updated designs provided by ISA mean that a small clinic will be able to cover its own operational electrical consumption with its own embedded renewable energy system which leads to a design that reduces onsite bulk service provision and greatly reduced operational costs, over the building’s lifecycle,” Mbasa Tshombe from ISA.
Tshombe said they are still consulting with the various stakeholders prior to making a presentation before Cabinet.
“We are hoping the presentation before Cabinet will be early next year,” he said.
In addition, the building materials and services have been designed at green building best practice standards, including technologies related to water efficiency, waste reduction and energy efficiency.
“The building is simple to build and prioritises low skill labour. Its major wall and floor material is either Biomass Insulated Concrete (BIC) or other suitable alternative technology building material with impressive sustainability criteria,” said Tshombe.
The building has been designed in response to the major challenges facing SA clinics, which include cross infection, waiting times and access for people with disabilities.
ISA has over the past few months worked on a long-term plan for infrastructure development across the country, the National Infrastructure Plan (NIP) 2050.
About R6.224 trillion is estimated to be needed in infrastructure finance between 2016 and 2040.
ISA is an infrastructure centre of excellence and is established as a single point of entry for infrastructure planning, management, and delivery.
It is a catalyst for closing the infrastructure investment gap and meeting the infrastructure target set out in the National Development Plan, and provides best practises in project preparation, leadership on infrastructure planning, technical and financial support for nationally prioritised infrastructure projects and programmes.
The Green Building Council SA was formed in 2007 to lead the greening of South Africa’s commercial property sector. They provide the tools, training, knowledge and networks to promote green building practices across the country and build a national movement that will change the way the world is built. – SAnews.gov.za
Edwin
Wed, 11/22/2023 - 13:51
Whitaker Peace & Development Initiative Founder and CEO Forest Whitaker Attends Launch Event; new Court Will Host Year-Round Youth Basketball Development Programming and Serve Broader Athlone Community .
NBA Africa and Whitaker Peace & Development Initiative (WPDI) Founder and CEO Forest Whitaker yesterday unveiled a newly refurbished basketball court at Cornflower Sports Grounds in Athlone, Cape Town, South Africa that will host year-round youth basketball development programming and serve the broader Athlone community.
The court was unveiled at a ribbon cutting ceremony by Whitaker, Deputy Mayor of Cape Town Eddie Andrews, and NBA Africa CEO Victor Williams. Following the ceremony, approximately 100 boys and girls aged 10-15 participated in a Jr. NBA clinic and peace activity led by the WPDI Youth Peacemakers Network, WPDI's flagship program that fosters young leaders in conflict regions.
In addition to year-round Jr. NBA programming, the court will also host activities as part of WPDI's Peace Through Sports program, an initiative designed to foster peace and harmony in marginalized communities through sports and peacebuilding training courses.
“Inaugurating this basketball court is a turning point in the development of our programs in the Cape Flats,” said Whitaker. “Its goal is to nurture healthy bodies and healthy minds, providing the children and the youths of the community with a safe space where they can strengthen their stamina and their character. It is a place that will cultivate future NBA champions. When youth play basketball here, I want them to have a lot of fun, but I also want them to know that each dribble can take them towards a better life — for their community, for Cape Town, and one day perhaps even for the world.”
“We're excited to unveil this beautiful basketball court with the City of Cape Town and Forest Whitaker, which builds on our previous initiatives to provide more young people in South Africa with safe spaces to learn and play the game,” said Williams. “The City of Cape Town shares our commitment to using the game to positively impact young people here, and we look forward to collaborating further on Jr. NBA and other youth development programming in the city.”
The Jr. NBA, the league's global youth basketball participation program for boys and girls, teaches the fundamental skills as well as the core values of the game at the grassroots level in an effort to help grow and improve the youth basketball experience for players, coaches and parents. Jr. NBA programming has directly reached more than 165,000 youth across 18 African countries, including through the Jr. NBA Johannesburg League and the Royal Bafokeng Jr. NBA Program in North West, South Africa.
Earlier this month, the Basketball Africa League (BAL), a partnership between the International Basketball Federation (FIBA) and NBA Africa, announced that the league's fourth season will tip off in March 2024 in South Africa. Fans can register their interest in tickets at BAL.NBA.com.
Distributed by APO Group on behalf of National Basketball Association (NBA).
Contacts:
Pawel Weszka,
NBA Africa PR & Communications,
pweszka@nba.com,
+27 71 899 6791
Valentine Goret,
WPDI Chief of Staff,
valentine@wpdi.org,
+33 6 45 71 16 27
About NBA Africa:
NBA Africa is an affiliate of the National Basketball Association (NBA), a global sports and media organization with the mission to inspire and connect people everywhere through the power of basketball. NBA Africa conducts the league's business in Africa, including the Basketball Africa League (BAL), and has opened subsidiary offices in Cairo, Egypt; Dakar, Senegal; and Lagos, Nigeria. The NBA has a long history in Africa and opened its African headquarters in Johannesburg, South Africa in 2010. The league's efforts on the continent have focused on increasing access to basketball and the NBA through youth and elite development, social responsibility, media distribution, corporate partnerships, NBA Africa Games, an NBA Store, the BAL, and more. Last year, NBA Africa reached more than eight million youth across the continent through basketball development, life-skills programming and social media engagement.
NBA games and programming are available in all 54 African countries, and the NBA has hosted three sold-out exhibition games on the continent since 2015. The BAL, a partnership between the International Basketball Federation (FIBA) and NBA Africa, is a professional league featuring 12 club teams from across Africa that will tip off its fourth season in March 2024. Fans can follow @ NBA_Africa and @ theBAL on Facebook, Instagram, X and YouTube.
About the Whitaker Peace & Development Initiative (WPDI):
The Whitaker Peace & Development Initiative (WPDI) is a non-governmental organization with an international scope and reach, founded in 2012 by the artist, social activist and UNESCO Special Envoy for Peace, Forest Whitaker. WPDI is committed to fostering peace, gender equality, sustainability and resilience in countries and places affected by violence, poverty and marginalization. In Africa, Europe, as well as Latin and North America, WPDI develops a wide range of programs aimed at training and supporting underprivileged individuals and groups, with a particular focus on youth and women, enabling them to become empowered as mediators, educators, entrepreneurs, and leaders, fostering positive transformation within their communities and beyond.
WPDI launched its programs in the Cape Flats in 2019. Since then, it has impacted over 48,500 people, trained 360 youth peacemakers from the townships, provided training to 24,235 pupils and teachers from 89 schools, and supported the launch of 66 youth-led and women-led businesses.
More information on www.WPDI.org, X (@ connectWPDI (https://apo-opa.co/3sJLEva)) and Instagram (@ whitaker_peace (https://apo-opa.co/3uyrBQF)).
In a momentous event held in Johannesburg, South Africa, Mulk International and Zimbabwe Global Investments proudly introduced the world-class and groundbreaking property development, Zim Cyber City (https://apo-opa.co/3R8GJxg). The unveiling, attended by media, prospective investors, and potential partners, signifies a noteworthy milestone in the official global launch of this visionary project.
Ms. Tendayi Hlupo-Mamvura, CEO of Zim Cyber City, took center stage during the unveiling event, passionately articulating the immense opportunities and transformative impact that this development will bring to Zimbabwe and the broader African investment landscape. Positioned as a catalyst for local prosperity and an international investment hub, Zim Cyber City is set to redefine Africa's narrative as a center for innovation, sustainability, and lucrative opportunities.
In her address, Ms. Hlupo-Mamvura emphasized the urgent need for Africa to cultivate opportunities for its own people, fostering growth and success through cutting-edge facilities in retail, residential, and business sectors. She articulated a bold vision for Zim Cyber City, aiming to create a 'Dubai of Africa' that stands as a testament to innovation, sustainability, and economic incentives.
The launch of Zim Cyber City marks the official opening for investors in search of an unparalleled combination of opulent living and innovative business opportunities.
Proudly presented by Mulk International and its visionary Founder/Chairman, Mr. Shaji Ul Mulk, this $500 million real estate venture invites African and International investors to explore a spectrum of opportunities in the vibrant Mount Hampden region.
From high-end residential real estate to state-of-the-art commercial offices and retail spaces, Zim Cyber City stands as a world-class property development offering prime investment choices. This iconic landmark project is set to elevate Africa's profile on the international investment map.
Zim Cyber City encapsulates the epitome of luxury, serenity, and security, presenting investors with an array of options, including lavish villas, luxurious townhouses, and a duty-free mall as well as a multitude of benefit and incentives such as, pre-approved mortgage in USD, transactions fixed in USD, a tax-free period of 5 years, followed by a flat 15% tax thereafter, to mention a few.
The development is characterized by its architectural brilliance, international sophistication, state of the art smart technology and commitment to sustainable construction practices, establishing a distinctive advantage in the fiercely competitive real estate market.
Mulk International Real Estate's meticulous planning and dedication have culminated in this iconic landmark, firmly placing Africa on the international investment radar. The project's security and credibility are underscored by the approval from Zimbabwe Global Investments (ZGI) operating under the Special Economic Zone (SEZ), and the endorsement of the project by His Excellency Emmerson Mnangagwa, the President of Zimbabwe.
For investors seeking a transformative and lucrative venture, Zim Cyber City represents a golden opportunity to partake in the future of Zimbabwe's and of Africa's thriving real estate landscape.
In a virtual personal message to the attendees of today's event, Mr. Shaji Mulk extended a warm welcome to his guests and stated that Mulk International, is committed to delivering through the special economic status channel of Zimbabwe Global Investments, a world-class property development; he said “We have worked diligently to understand the market and gain greater insight into Zimbabwe's culture and its bountiful opportunities. The depth of resources and advanced digital capabilities across industries gives Zim Cyber City concrete, long-term investment growth prospects."
Mulk International's first venture into Africa signifies a crucial step into African investment, leveraging the continent's breathtaking locations and unparalleled growth prospects.
Zim Cyber City, presents a unique African investment opportunity, seamlessly integrating technology, security, and sophistication, Zim Cyber City invites you to invest in your future amidst the promising landscape of Africa—a strategic move that positions Mulk International at the forefront of pioneering opportunities on the continent.
Distributed by APO Group on behalf of Zim Cyber City.
For Media Enquiries please contact:
Lauren Mark +27 (78) 461 0219 | lauren.media@icloud.com
Chesney Roelofsz +27 (84) 502-2769
For Zim Cyber City Investment and Sales queries please contact:
Tafadzwa Tawazadza +263 774 514 444
Email: info@zimcitycity.com or at info@zimglobalinvest.com
About Mulk International:
Mulk International is a global enterprise known for innovation and excellence. We are a diversified business interests with operations in 11 countries and market reach of 90 countries. With a strong presence in real estate, sustainable energy, and sports, we are committed to driving progress and providing tailored solutions. Our initiatives in Africa, like Zim Cyber City, demonstrate our vision for sustainable development. We leverage cutting-edge technology and socially responsible practices to make a global impact while emphasizing quality, sustainability, and community development.
See our website for more information.
About Zimbabwe Global Investments:
Zimbabwe Global Investments is responsible for managing Zim Cyber City, aiming to create a significant and innovative real estate presence in Zimbabwe. This development has garnered attention for its scale and ambition, potentially offering lucrative investment opportunities in Zimbabwe's real estate market. The development encompasses a 2.5 million square foot space in Mount Hampden and includes luxury villas available for pre-selling in the first phase. Zim Cyber City is regarded as one of the most captivating real estate projects on the African continent.
About Zim Cyber City:
Zim Cyber City is a significant real estate development project in Zimbabwe aimed at creating a self-contained intelligent city with high-quality infrastructure. This project has generated global interest due to its innovative approach. The city is designed to be a hub of modern technology and urban development, emphasizing both residential and commercial spaces. The construction of villas in Zim Cyber City is set to begin, marking progress in this ambitious development.
Vertiv trends forecast sees intense focus on AI enablement and energy management ntense, urgent demand for artificial intelligence (AI) capabilities – and the duelling pressure to reduce energy consumption, costs and greenhouse gas emissions – loom large over the data centre industry heading into 2024. The proliferation of AI (as Vertiv predicted two years ago) …
