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AEW 2024 Ministerial Lineup to Foster Strategies to Alleviate Energy Poverty in Africa

Location: News
African Energy Chamber

Energy and hydrocarbon ministers from across Africa have joined the African Energy Week (AEW): Invest in African Energy conference to discuss investment opportunities while engaging with financiers and project developers. Representing the entire energy value chain from oil and gas to renewable energy to power and infrastructure, regional ministers will unpack the continent's strategies to make energy poverty history by 2030.  

North African countries such as Libya and Algeria have set ambitious production targets for the coming years, aiming to plug Europe's energy gap while enhancing domestic energy access. Libya aims to boost output to 2 million barrels per day (bpd) in the next two to three years while Algeria aims to produce over 1.5 million bpd in 2025. Meeting production goals requires accelerated exploration, with both countries promoting investments in upstream drilling. At AEW: Invest in African Energy 2024, North African energy and hydrocarbon ministers will provide insight into these opportunities. They are joined by ministers representing global and African oil and gas organizations, including:  

  • Khalifa Abdulsadek, Minister of Oil & Gas, Libya 
  • Mohamed Arkab, Minister of Energy and Mines, Algeria 
  • Haitham Al Ghais, Secretary General, OPEC 
  • Omar Farouk Ibrahim, Secretary General of APPO 

In Southern Africa, the region is ripe with opportunity. An estimated 11 billion barrels has been found off Namibia's coast since 2022; over 100 trillion cubic feet (tcf) of gas found offshore Mozambique; and an estimated 200 tcf likely held onshore South Africa. While Angola - the second largest oil producer in sub-Saharan Africa – still offers significant potential in both on- and offshore basins, Southern African countries such as Zambia are largely underexplored, presenting strategic opportunities for exploration companies. At AEW: Invest in African Energy 2024, Southern African energy and hydrocarbon ministers will outline strategic basins and upcoming projects. Speakers include:  

  • Carlos Zacarias, Minister, Ministry of Natural Resources & Energy, Mozambique 
  • Diamantino Pedro Azevedo, Minister of Mineral Resources and Petroleum, Angola 
  • Gwede Mantashe, Minister, Ministry of Mineral Resources and Energy, South Africa 
  • Kgosientsho Ramokgopa, Minister of Electricity, South Africa 
  • Situmbeko Musokotwane, Minister of Finance and National Planning, Zambia 
  • Tom Alweendo, Minister of Mines and Energy, Namibia 

Recent offshore projects have positioned West Africa as a global hydrocarbon hotspot. Mauritania and Senegal's Greater Tortue Ahmeyim LNG project will start production this year, following the start of operations at Senegal's Sangomar Oil Project in mid-2024. Nigeria's Dangote Refinery – the largest in Africa at 650,000 bpd – recently secured a 400,000-bpd feedstock supply from the government a year after its start while Ivory Coast's Belaine project – the first net-zero upstream development in Africa – plans to commence phase two operations this December. Regional ministers will provide an update on ongoing projects, future investments and efforts to unlock additional reserves at AEW: Invest in African Energy 2024. Ministers include:  

  • Aboubacar Camara, Minister of Energy, Hydropower and Hydrocarbons, Guinea Conakry 
  • Birame Soulèye Diop, Minister of Energy, Oil and Mines Republic of Senegal 
  • Chief. Adebayo Adelabu, Minister of Power, Federal Republic of Nigeria 
  • Collins Adomako-Mensah, Deputy Minister of Energy in Charge of Power, Ghana 
  • Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), Nigeria 
  • Foday Mansaray, Director General, PDSL 
  • Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), Nigeria 
  • Matthew Opoku Prempeh, Minister of Energy, Ghana 
  • Mohamed Ould Khaled, Minister of Petroleum & Energy, Ministry of Petroleum, Mines & Energy, Mauritania 
  • Nani Juwara, Minister of Energy and Petroleum, The Gambia 
  • Viriato Luis Soares Cassama, Minister of Environment & Biodiversity, Guinea-Bissau 
  • Yacouba Zabré Gouba, Minister of Energy and Mines, Burkina Faso 

Central Africa – with major producers such as Equatorial Guinea, Gabon and the Republic of Congo – are inviting investors to support diversification efforts in production and refining. Leveraging natural gas, these markets aim to unlock reserves in both domestic and regional basins while boosting export capacity and intra-African trade. The Republic of Congo exported its first LNG cargo in 2024 from the Tango FLNG facility, targeting 3 million tons per year by 2025, while Equatorial Guinea forged an agreement with Nigeria to import and process gas at its Punta Europa facility. At AEW: Invest in African Energy 2024, regional ministers will outline these initiatives, while sharing insight into available opportunities in natural gas. Ministers include:  

  • Antonio Uburu Ondo, Minister of Mines and Hydrocarbons, Equatorial Guinea 
  • Bruno Jean-Richard Itoua, Minister of Hydrocarbons, the Republic of Congo 
  • Marcel Abeke, Minister of Petroleum, Republic of Gabon 

As a frontier market, East Africa is incentivizing exploration in both on- and offshore basins while driving infrastructure and field development projects forward. Uganda inked a deal with Ethiopia in 2024 to export crude via pipeline while South Sudan is seeking diversified export routes and promoting exploration onshore. Regional ministers will share more insights at AEW: Invest in African Energy 2024. Speakers include:   

  • Ing Habtamu Itefa Geleta, Minister of Water and Energy, Ethiopia 
  • Okasaai Sidronious Opolot, Minister of state for Energy, Ministry of Energy and Mineral Development, Uganda 
  • Puot Kang Chol, Minister Petroleum, South Sudan 

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.  

Distributed by APO Group on behalf of African Energy Chamber.

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African Energy Week (AEW) 2024 National Oil Companies (NOC) Lineup to Unlock Project, Partnership Opportunities in Oil and Gas

Location: News
African Energy Chamber

African energy demand is projected to more than double by 2050, with fossil fuels anticipated to account for up to 60% of the continent's energy mix by 2040. This trend highlights the growing importance oil and gas will continue to hold in Africa. In partnership with international oil companies and private E&P firms, the continent's national oil companies (NOC) are responding to this projection by prioritizing fast-tracked project development, promoting collaborative exploration and production to bring new reserves online.

The upcoming African Energy Week (AEW): Invest in African Energy conference – scheduled for November 4-8 in Cape Town – features a strong lineup of African and global national oil companies (NOC). This lineup reflects a strong intention by NOCs to collaborate, unlock additional reserves and drive oil and gas projects forward across both emerging and mature markets in Africa.

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit http://www.AECWeek.com for more information about this exciting event.

Southern Africa has yielded some of Africa's biggest oil and gas finds in recent years. Namibia – which featured a string of offshore finds since 2022 – has rapidly emerged as an oil and gas hotspot, with Galp Energias' Mopane discovery estimated to hold 10 billion barrels alone. In South Africa, the 2019 Brulpadda discovery accounted for 10% of the overall discovered volumes in Africa that year while the Luiperd find accounted for 80% of the continent's volumes discovered in 2020. Mature producers such as Angola also continue to unlock additional reserves, with ExxonMobil announcing a discovery at the Likember-01 research well in Block 15 this year. At AEW: Invest in African Energy 2024, Angola's NOC Sonangol, Namibia's NAMCOR and South Africa's SANPC will speak on these discoveries and future opportunities.

East Africa is one of the world's final frontiers for oil and gas exploration, with major discoveries made in recent years showcasing the potential for billion-barrel projects. In exploration, offshore basins in Tanzania have shown trillions of cubic feet of gas while onshore acreage in Uganda holds the promise of new oil supplies. While various cross-border infrastructure projects, LNG facilities and field developments are underway, the region offers significant potential for exploration. During AEW: Invest in African Energy 2024, East African NOCs including the Tanzania Petroleum Development Corporation; Uganda National Oil Company; and National Oil Company of Malawi will unpack this potential, sharing insight into ongoing projects and untapped investment opportunities.

Contrastingly, West Africa holds some of the biggest oil and gas producing markets on the continent. These include the Republic of Congo – which is diversifying its energy matric through billion-dollar gas investments; Equatorial Guinea – which is diversifying LNG feedstock through agreements signed with regional neighbors; and Gabon – which aims to boost production to 220,000 barrels per day. Concurrently, markets such as Cameroon, Liberia and Ivory Coast hold strategic potential for exploration firms, with recent finds underscoring opportunities in frontier drilling. At AEW: Invest in African Energy 2024, NOCs to the likes of Société nationale des pétroles du Congo; GEPetrol; Gabon Oil Company; and Ghana National Petroleum Corporation are participating. Additionally, the National Hydrocarbons Corporation of Cameroon; the National Oil Company of Liberia; and Petroci have joined.

While West African countries account for a large share of African hydrocarbon production, the same can be said for North Africa, with Algeria representing the largest natural gas producer in Africa. The country's production measured over 100 billion cubic meters (bcm) in 2023, with ambitions to exceed 200 bcm in production over the next five years. During 2024, up to 8 oil and gas discoveries have been made, with the NOC Sonatrach signing several exploration agreements with the likes of TotalEnergies, ExxonMobil and more to unlock additional basins. Sonatrach is participating at AEW: Invest in African Energy 2024.

In addition to African NOCs, global counterparts including the respective NOCs of Saudi Arabia and Azerbaijan have also joined the conference to discuss investment opportunities, future collaborations and how knowledge-sharing can support the next generation of oil and gas projects. Saudi Aramco, for example, which represents one of the biggest gas producers worldwide, offers a wealth of expertise for African NOCs. Similarly, the National Oil Company of the Azerbaijan Republic, an expert in refining and infrastructure development, stands ready to support Africa as it scales-up domestic refining capacity.

Distributed by APO Group on behalf of African Energy Chamber.

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How to Simplify Customer Interactions for Happier, More Loyal Customers

Location: Business

By Kelvin Brown, Customer Operations Executive, Telviva Simplifying customer interactions can lead to happier, more loyal customers. There is more choice than ever before, meaning customers are not forced to endure a customer experience (CX) that is characterised by clutter or unnecessary friction. We’ve all experienced difficult customer experiences. Just recently, I opted to use …

Read moreHow to Simplify Customer Interactions for Happier, More Loyal Customers

SOEs urged to provide opportunities to young engineers

Location: News

SOEs urged to provide opportunities to young engineers

Transport Minister Barbara Creecy says State-owned Enterprises (SOEs) have a critical role to play in providing economic opportunities to young people, which will enable them to gain practical work experience in the construction sector.

Addressing media on Tuesday after inspecting the Germiston to Katlehong commuter rail line, the Minister said historically, SOEs played an important role in helping small enterprises to gain experience so that they can move up the Construction Industry Development Board (CIDB) register. 

Contractors, who wish to work in the public sector, must register with the CIDB. The Register of Contractors (RoC) supports clients in infrastructure procurement, and categorises and grades contractors from 1-9, according to financial and works capability.

“In order to be able to do major construction, you must demonstrate that you have become accredited. This is an important role that  SOEs have played historically, and it’s a role we want to ensure that these enterprises are once again being supported [to play].

“With regard to the training that we are offering young engineers, it’s really important that we give practical experience to young professionals. One of the major reasons we have so many unemployed graduates in our country is young engineers, particularly, struggle to complete the practical training that is required to become fully fledged and independent professionals.

“We really want to play our role in that regard because we believe that we have incredible talent in our country and we want to make sure that the talent is properly used for all the important infrastructure projects that we need to happen in our country,” the Minister said.

Work to upgrade the Germiston to Katlehong commuter rail line cost about R400 million. The upgrade will ensure that commuters have access to affordable public transport, as a ticket costs R14.50 while a monthly season ticket costs R169.

The upgrade included the rebuilding of a number of stations and rebuilding a substation to ensure a reliable source of electricity. 

“In the course of this work, we have created 500 jobs for the local community. We have also been able to involve 34 small, medium and micro enterprises (SMMEs), and overall, throughout the whole country, we have 33 young engineers that are assisting us on our recovery programme,” the Minister said.

The Passenger Rail Agency of South Africa (PRASA) recovery programme includes recovering passenger rail services, improving safety and security, protecting assets, providing sound leadership as well as executing its capital programme.

“Our vision is that rail must form the backbone of our transport system for both passengers and freight. [We seek] to achieve 250 million tonnes of freight per annum through our freight corridors and 600 million passenger trips per annum by 2030.

“This will not only ensure that we are creating an affordable public transport system for working people and other commuters, but it will also ensure that we have a sustainable and reliable revenue stream for PRASA, so that we can continue to do the maintenance work that this whole system requires,” Creecy said.

Since the COVID-19 pandemic, 20% of the working population walk to work due to being unable to afford other forms of transport that are available.

“This is a great inconvenience, time waster and decreases the productivity of those individuals who have to walk between 5kms and 10kms every day. It’s very important that we make this form of transport available for working people again.

“We still have nine priority lines that we must conclude, and we are close to having repaired 300 stations, but there are many more to be repaired. We are taking preventative measures to ensure the safety of our rail infrastructure.

“Seventy-five percent of the copper has been removed from this cabling and we have put in aluminium cabling, which is of less interest to the scrap dealers,” the Minister said.

Moreover, security guards have been deployed to ensure the safety of these lines.

“We are introducing technology, drone technology and technology that will alert us if there is consistent tampering with the line, and that will be helpful to the security guards because they will know  where to look for intruders. We hope that these measures will ensure that rail transport is safer,” she said. 

The Minister’s inspection took place as part of the department’s flagship October Transport Month campaign, which is now in its 19th instalment. - SAnews.gov.za

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Can Africa Secure Its Future in a Changing Energy Landscape?

Location: News

AOW: Investing in African Energy
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The pipeline of gas projects being developed in Africa has never been stronger. However, if the continent is to be competitive in an extremely dynamic international gas market, it must ensure that it offers value. 

This means shaping an offer that meets the financial and environmental sustainability needs of stakeholders. Africa's gas investment proposition must be relevant and future-proof, if it is to continue to attract global capital. 

This was the consensus at a panel discussion on Day 1 of AOW: Investing in African Energy – Africa's leading oil, gas and energy event. 

Over the past few years, gas development ambitions have grown – in the public and private sector – supported by renewed exploration and production activity and pragmatic energy transition plans. This is especially true now, with gas increasingly accepted as the ideal bridging fuel, balancing the continent's growing energy needs with its decarbonisation commitments. 

“Natural gas is at the centre of what we are doing in Africa,” said Mario Bello, Head of Sub-Saharan Africa Region at Eni. “It's the cleanest fossil fuel, producing fewer emissions than coal, so it plays an important role as we transition to renewables.” 

Eni enables this through its Floating Liquified Natural Gas (FLNG) projects, particularly in Mozambique and the Republic of Congo. Bello emphasised the technology's ability to unlock stranded offshore gas resources, accelerate project timelines, and contribute to both domestic energy security and export revenue. “Floating LNG is the key to unlocking the region's gas potential, making it easier and faster to develop offshore resources,” Bello explained.  

However, financing these ambitious projects remains a significant hurdle. Paul Eardley-Taylor, Head of Oil & Gas, Southern Africa, at Standard Bank, emphasised the need for bankable projects that address investor concerns, particularly around sovereign risk. He highlighted the transformative potential of both large-scale LNG projects and smaller, domestically focused gas ventures.  

“The impact of these projects in African markets is incalculable,” Eardley-Taylor said, citing the potential for job creation, economic growth, and improved energy access. He further emphasised the importance of small-scale LNG and helium projects, particularly in markets like South Africa and Namibia.  

Equinor's Senior Vice President for Africa, Nina Birgitte Koch, stressed the importance of a stable investment climate to attract international capital. She highlighted the need for competitive projects with strong environmental credentials, particularly in reducing carbon emissions. “CO2 is the key criteria,” Koch said. “It's not just a ‘nice to have' any more. I don't think it's possible to get capital to a big LNG project unless it's highly competitive when it comes to CO2."  

The panel also discussed the critical role of technology and regional cooperation in maximising the benefits of Africa's gas resources. Gianluca Ciricugno, Africa Director, Enterprise Customer Solution at Baker Hughes, emphasised the need for a long-term vision and collaboration between governments, investors, and technology providers.  

“It requires a broader vision, probably government and all the people around the table, with a long-term approach… and not just four-year terms,” Ciricugno urged, highlighting the need for stable regulatory frameworks and a commitment to infrastructure development.  

Dr Tshepo Mokoka, Group COO of South Africa's Central Energy Fund (CEF), echoed the call for government intervention to address market failures and unlock investment. He outlined CEF's role in enabling critical gas infrastructure projects, such as the Romp pipeline and LNG import terminals. “We need to solve the market failure,” Dr Mokoka said, highlighting the need for government-backed gas offtake agreements and risk-sharing mechanisms to attract private capital.  

ExxonMobil's Executive Director Global, LNG Marketing, Deri Irawan, emphasised the importance of a holistic approach to project development, considering not just the technical and economic aspects but also the social and political landscape. He highlighted the need for strong partnerships and stakeholder engagement to ensure long-term project success. “It is insufficient to just bring a commodity to the doorstep,” Irawan explained. “You also need to unlock that value chain.” 

With Africa on the cusp of a gas revolution, the panel's message was clear: the continent has the resources, the ambition, and the opportunity to become a major player in the global gas market. 

However, success hinges on creating a stable and attractive investment climate, embracing technological innovation, and fostering regional collaboration to ensure that Africa's gas resources benefit both its people and the planet.  

Distributed by APO Group on behalf of AOW: Investing in African Energy.

Owned by Sankofa Events, AOW (https://apo-opa.co/3ZVcWNe): Investing in African Energy is Africa's leading oil, gas & energy event, uniting industry leaders to develop policy, share discoveries, secure investment, and shape Africa's energy future. The event runs from 7 – 10 October 2024 at the CTICC 2, Cape Town. 

Read moreCan Africa Secure Its Future in a Changing Energy Landscape?

Call to declare crypto assets with SARS

Location: News

Call to declare crypto assets with SARS

The South African Revenue Service has encouraged taxpayers with various digital currencies, which includes crypto assets, to declare these with its Voluntary Disclosure Programme (VDP) to facilitate compliance.

This comes as the South African Revenue Service (SARS) has noted the phenomenal growth in the use of various digital currencies by many South Africans.

Prominent amongst these is the prevalence of crypto assets. A staggering number of more than 5.8 million South Africans hold a crypto asset, with Southern Africa boasting the largest uptake of Bitcoin in the world.

SARS Commissioner Edward Kieswetter once more reminded taxpayers to honestly and dutifully honour their legal obligations by declaring all their income.

“SARS has been working ceaselessly to ensure compliance by all taxpayers, and those who are evading their responsibility make the burden of compliance difficult for compliant taxpayers.

“This is not only unfair to honest taxpayers but affects the vulnerable in society disproportionately by limiting the state’s ability to deliver social grants and other much needed social benefits. 

“Let all know that technology has enhanced SARS’ ability to root out non-compliant taxpayers. Be warned, SARS will pursue all without fear, favour or prejudice,” the Commissioner said on Wednesday.

SARS is legally obligated to account for any income or assets held by taxpayers and had previously invited crypto exchanges and those involved in trading or holding crypto assets to disclose related activities on a voluntary basis.

“As a follow up, SARS will be including crypto assets into its compliance programmes. Consequently, SARS is engaging with the Financial Sector Conduct Authority (FSCA) regarding the provision of information on registered Crypto Asset Service Providers (CASPs). SARS is also receiving information directly from the local exchanges.

“Importantly, it must be underscored that through multilateral agreements SARS is exchanging information with other tax authorities globally,” SARS said.

The provision of offshore crypto accounts will be the subject of a multilateral agreement to be signed by Ministers of Finance in November 2024, which will catalyse the cross jurisdictional exchange of such information in respect of South African taxpayers.

“SARS believes that most taxpayers and traders are honest and that they expect to be assisted to fulfil their legal obligations. Pursuant to our legal mandate, SARS provides certainty and clarity about all legal obligations for taxpayers and traders.

“SARS is also working assiduously to make it easy and simple for taxpayers and traders to seamlessly comply with their obligations.

“Critically, it is our strategic objective to make it hard and costly for those who are willfully non-compliant. These efforts are intended to support our Strategic Intent of fostering a culture of voluntary compliance,” SARS said.

Resultantly, in addressing crypto compliance SARS is increasing capability in its audit teams to support enforcement initiatives.

SARS has resorted to greater use of artificial intelligence, machine learning and algorithms to process its work.

“In implementing our mandate, SARS has recently issued query letters to taxpayers with crypto assets. These letters aim to gain an insight into taxpayers’ investment in crypto assets and the trades undertaken to enable SARS to assess taxpayers’ compliance in this regard,” the revenue service said. 

SARS warned taxpayers that the VDP, which facilitates compliance, has strict conditions.

“One being that taxpayers must approach SARS first. Once SARS has identified the taxpayer for audit, they are precluded from applying for the VDP,” the revenue service said.  -SAnews.gov.za

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IT Leaders Forum 2024

Location: Business

IT News Africa
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IT News Africa (www.ITNewsAfrica.com) is excited to announce IT Leaders Forum (https://apo-opa.co/3ZTrtsV) 2024, which will take place on November 5, 2024, at The Capital Empire in Sandton, South Africa. This premier event will bring together top technology decision-makers from diverse industries to explore strategies for resilience and innovation in the IT sector.

In the face of skilled labor shortages, economic uncertainty, and the rising demand for ESG compliance, IT leaders are increasingly turning to technology to enhance efficiency and profitability. The IT Leaders Forum (https://apo-opa.co/3ZTrtsV) 2024 (#ITLF2024) aims to help CIOs and IT executives tackle these business and technology challenges head-on. Industry experts will share insights on how to define and implement IT strategies that drive success.

"The IT Leaders Forum 2024 is more than just an event—it's a platform for collaboration and knowledge-sharing that enables CIOs and IT executives to turn today's challenges into tomorrow's opportunities, driving sustainable growth in Africa's IT sector," says Abe Wakama, CEO of IT News Africa. "Now more than ever, it's essential for leaders to not only navigate these challenges but to turn them into opportunities for growth and transformation."

IT leaders from will gather in Johannesburg to discuss IT trends, business transformation, and infrastructure management. This forum will equip attendees with the knowledge and tools to advance their digital strategies confidently.

Why Attend?

The IT Leaders Forum is designed to help CIOs, CTOs, CISOs and other IT leaders navigate the future of business and technology during these challenging times. Success requires a resilient and adaptive technology strategy that can withstand uncertainty while fostering innovation.

Leading experts and peers will explore the transformative potential of technology, sharing actionable insights to help define, validate, and execute your IT strategies. Attendees will dive into the latest developments in IT, business transformation, application modernization, and infrastructure management.

Key Speakers

The event will feature a distinguished lineup of speakers, including:

  • Satish Nrusimhadevara – Managing Director, Accenture
  • John Bosco Arends – Chairperson, Chartered CIO Council
  • Dr. Liam Terblanche – Chief Technology Officer, Airvantage
  • Manish Hira – IS Regional Manager: Asia Pacific, Servier
  • Dr. Shay Ganesh – Chief Medical Officer, PPS
  • Ruan Schutte – Innovation Specialist, Liberty
  • Henry Abea – Head of ICT, Kimisitu SACCO, Kenya

These leaders will share their insights and experiences, offering valuable perspectives on the current and future state of IT.

Key topics and agenda highlights (https://apo-opa.co/4eZer1l)

The forum will cover a variety of essential topics, including:

  • The Evolving Role of the IT Leader: Skills and competencies required to lead in an AI-driven world
  • Empowering IT Teams: Overcoming the Skills Gap with Talent Development and Automation
  • AI Ethics and Responsibility: What would you do?
  • The Evolving Role of the IT Leader: Skills and competencies required to lead in an AI-centric landscape
  • ESG Compliance and the IT Leader: Integrating Sustainability into Your IT Strategy

A Valuable Experience

The IT Leaders Forum 2024 promises to be a must-attend event for IT professionals seeking to stay ahead of industry trends and network with peers. Whether you're just beginning or advancing in your digital journey, this forum offers the insights and resources you need to move forward with confidence.

Attendees can look forward to a vibrant day filled with informative presentations, engaging discussions, and valuable networking opportunities.

Sponsorship and Exhibition Opportunities

The IT Leaders Forum offers a unique platform for businesses to showcase their products and services. Sponsorship (https://apo-opa.co/4gZdWG5) and exhibition (https://apo-opa.co/3ZWJ2YZ) packages provide maximum exposure to a targeted group of IT leaders and decision-makers. Interested parties can reserve a booth (https://apo-opa.co/3ZWJ2YZ) to showcase their latest innovations and engage directly with potential clients.

Registration Discount

Register today (https://apo-opa.co/3TZvJTG) and save 25% on your pass with the coupon code ITLF@25OFF (https://apo-opa.co/3TZvJTG). This is a great chance for IT professionals to reserve a space at a discounted price, as well as to take advantage of numerous networking and educational opportunities.

To learn more about the conference, registration (https://apo-opa.co/3TZvJTG), and sponsorship (https://apo-opa.co/4gZdWG5) options, visit www.ITLeadersForum.co.za

Distributed by APO Group on behalf of IT News Africa.

Media Contact:
Nonhlanhla Kunene
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Carbon pricing poses threat to economies of developing countries

Location: News

Carbon pricing poses threat to economies of developing countries

While South Africa is committed to the decarbonisation agenda, Deputy Minister of Forestry, Fisheries and the Environment Narend Singh has raised concern that a carbon price to the production of emissions-intensive goods could exacerbate inequality, poverty and unemployment in developing countries.

“There are many hurdles which industry will be confronted with in their efforts to decarbonise, particularly in developing countries such as South Africa. Key for us is to take the necessary key steps to transition, without adversely affecting the competitiveness of such industries and leaving no one behind,” the Deputy Minister said on Tuesday.

He made these remarks during an Industry Conference on bridging compliance: Carbon Border Adjustment Mechanism (CBAM), environmental, social, and governance (ESG) and the South African metals and engineering sector.

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) in collaboration with the Danish Industry (DI) hosted the conference. 

It was attended by senior government officials, industry leaders, policy makers as well as sustainability experts who explored the intersection of the looming CBAM and ESG reporting requirements from the European Union and how this is likely to affect the metals and engineering sector which is an export intensive sector. It is also a heavy emitter of greenhouse gas emissions.

ESG sustainability reporting requirements by business, point to responsible business conduct that includes taking measures to lower pollution, and carbon dioxide (CO2) output, and reducing waste.

“We remain concerned that outside of multilateral processes such as the United National Framework Convention on Climate Change (UNFCCC), discussion and agreement [on] the CBAM policy design of using market principles to cut GHG [greenhouse gas] emissions will create a direct impact on developing countries’ such as South Africa, exacerbating inequality, poverty and unemployment. This we should take all measures to guard against,” Singh explained.

Carbon border adjustment mechanisms (CBAMs), or border carbon adjustments (BCAs), are mechanisms that aim to increase the consistency in the application of carbon pricing between goods produced in different jurisdictions but traded between those jurisdictions.

Most commonly, they involve a jurisdiction that applies a carbon price to the production of emissions-intensive goods, such as through an emissions trading system (ETS) or carbon tax, seeking to apply an equivalent carbon price to imports of those goods from overseas jurisdictions.

Carbon cost liability, reflections

Practically, this could mean that South African exports of carbon-intensive goods would face an extra carbon cost liability in some jurisdictions.

“The Department of Forestry, Fisheries and the Environment has been actively engaged in the decarbonization of the steel sector. As you are well aware, the steel sector, is one of the hard to abate sectors, and is highly energy intensive.

“The department, in collaboration with the Department of Trade, Industry and Competition and in partnership with the Organization for Economic Cooperation and Development (OECD), has been working closely with industry association, the South African Iron and Steel Institute (SAISI), and industry partner, ArcelorMittal, together with other players, to determine what may be the low hanging fruit for a low carbon transition.

“The entire value chain has to be reflected upon - both upstream and downstream players. This is work in progress, and indeed comes with its own set of challenges, in the form of necessary research and development, capacity development, and the much-needed capital investment,” Singh said.

Green steel

He mentioned green hydrogen, as an option for the production of green steel.

“Sectoring scrap metal market as input material for the steel sector to lower the carbon footprint, would be another option. Refurbishment of existing technology and investment into new and energy efficient technologies are other options.

“Downstream industries are also faced with competition on imports. Therefore, compliance and enforcement are important, and so is the provision of the necessary legislative measures,” the Deputy Minister said.

Just Transition

South Africa recognises the need for climate action to be centred on a Just Transition, meaning a transition to net-zero carbon emissions society that accommodates the needs of workers and communities, which may be negatively affected through the loss of jobs or activities as a result of a move to a lower carbon economy.

“The Climate Change Act, which was signed into law by President Ramaphosa in July 2024, sets out South Africa’s national climate change response, including mitigation and adaptation actions, which also constitutes South Africa’s fair contribution to the global climate change response.

“The Climate Change Act enables the alignment of policies that influence South Africa’s climate change response, to ensure that South Africa’s transition to a low carbon and climate resilient economy and society is not constrained by policy contradictions.

“The Climate Change Act also sets out measures to enhance South Africa’s ability and capacity over time to reduce greenhouse gas emissions, and build climate resilience, while reducing the risk of job losses, and promoting new job opportunities in the emerging green economy,” said the Deputy Minister.

He added that the Nationally Determined Contributions (NDC) for South Africa have been informed by peak, plateau and decline in terms of carbon emissions reduction.

The NDC cover adaptation, mitigation as well as finance and investment requirements and is based on equity.

READ | Comments sought draft First Biennial Transparency Report

“The recent Bid Window of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), the work of the Just Energy Transition (JET), green hydrogen generation, are key steps in a positive direction.

“South Africa remains committed to stabilising the GHG concentration in the atmosphere and contribution to the global temperature goal of keeping temperature well below 2 °C and pursuing efforts to 1.5 °C below preindustrial levels in line with the principle of common but differentiated responsibility and respective capabilities (CBDR-RC),” he said. -SAnews.gov.za

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Wed, 10/09/2024 - 09:04

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Department of Science and Innovation renamed to highlight focus on tech

Location: News

Department of Science and Innovation renamed to highlight focus on tech

The Minister of Science, Technology and Innovation, Professor Blade Nzimande, has welcomed the renaming of the department as proclaimed in Government Gazette No. 51283 on 27 September 2024.

The new name, the Department of Science, Technology and Innovation, follows the splitting of the Ministry of Higher, Science and Innovation into the Ministry of Higher Education and Training and the Ministry of Science, Technology and Innovation under the seventh administration.

“The department’s name has undergone several changes in the past years. In 2021, government renamed the Department of Science and Technology, making it the Department of Science and Innovation. This was to emphasise the need for the department to drive innovation through its work,” the department explained.

However, the most recent name incorporates all the elements of the department’s mandate to lead enhanced productivity, economic growth and societal development through science, technology and innovation (STI).

“Putting ‘technology’ back into the name is an acknowledgement of the role that technological advancements play in driving scientific progress, economic growth and societal development,” said the Minister.

Meanwhile, the department said that it retains its strategic focus on promoting innovation through cutting-edge technologies, fostering a digitally empowered society, and enhancing South Africa’s competitiveness on the global stage.

“Its priorities include climate change and environmental sustainability, human resource development, and addressing poverty and inequality.” – SAnews.gov.za
 

 

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Mon, 10/07/2024 - 13:08

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President Ramaphosa calls on all to support BELA Act

Location: News

President Ramaphosa calls on all to support BELA Act

President Cyril Ramaphosa has called on everyone to put their weight behind implementing the Basic Education Laws Amendment (BELA) Act so that all children receive a good quality education regardless of their circumstances.

“The passage of the Basic Education Laws Amendment Act is part of ongoing efforts to build an education system that is more effective and more equitable. 

“Among other things, the Act provides for early learning foundations to be strengthened, promotes greater accountability of parents for their children’s learning and promotes inclusivity in the classroom,” the President said on Saturday. 

President Ramaphosa was speaking at the 24th instalment of the National Teaching Awards as the globe commemorates World Teacher’s Day at the Birchwood Hotel and OR Tambo Conference Centre in Ekurhuleni, Gauteng.

He explained that the spirit and purpose of this new legislation was to ensure there was uniformity and fairness in educational standards between schools and across the country. 

Last month, President Ramaphosa signed the Bill into law but delayed the implementation of two clauses 4 and 5, which deal with school admissions and language, by three months to make room for more discussion and deliberations after it received some opposition. 

“In the interests of inclusivity, we have created space for engagement among some concerned parties on aspects of the legislation. But that process cannot undermine the transformational nature of this law.” 

Meanwhile, the President told the people gathered at the conference centre that in order to produce more learners who excel in science, technology, engineering and mathematics, South Africa needs to invest more in supporting and upskilling its teachers and arm them with necessary resources.

“In some schools, resources are plenty, the schoolyard is safe, there are basic amenities, the pupil-teacher ratio is appropriate, and learning takes place in good conditions. But in others, educators struggle to obtain even the most basic resources for teaching, schools lack safe toilets and running water, and crime and violence from outside the school inevitably finds its way in.” 

However, according to the President, South Africa has made much progress in narrowing the gaps between schools. 

He said government was working to strengthen the foundations of early learning to ensure successful education outcomes in the future. 

The President announced that the education curriculum was being revised, updated and reformed to meet the needs of a rapidly changing world. 

“With the high rate of youth unemployment in our country, educators need to ensure that our schools are producing the skills our economy needs. They need to ensure that every school leaver has the confidence and capabilities that enable them to study further, find employment or be self-employed. 

“We are working to fully implement the three-stream model, which offers academic, vocational and occupational pathways for learners. Educators play an important role in identifying the best course for a learner.”

Shifting his focus to the National Teaching Awards, he noted that the enduring commitment to honouring educators speaks to their unique and treasured place in the country. 

“All of us are who we are because of the teachers we once had. I have the fondest memories of my own teachers at Tshilidzi Primary School in Soweto and Mphaphuli High School in Sibasa, Venda… All these years later, they still hold a special place in my heart,” he told the room full of teachers. 

The President described a good teacher as a role model who encourages a child to achieve their potential. 

He took the time to congratulate those who were awarded today and acknowledged teacher unions and School Governing Bodies (SGBs) who are working with government to build a resilient education system that meets the challenges of the future. 

Basic Education Minister Siviwe Gwarube thanked President Ramaphosa for his unwavering support not just for her but the sector. 

“The future leaders of our country deserves our fervent leadership.” – SAnews.gov.za
 

 

Gabisile
Sat, 10/05/2024 - 13:15

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Government working with communities to find suitable land for housing

Location: News

Government working with communities to find suitable land for housing

The Department of Human Settlements intends to partner with traditional leaders to identify disaster-resilient areas suitable for human settlements development, using geo-mapping.

Minister Mmamoloko Kubayi made the announcement at meeting held with Members of Executive Councils (MINMEC) responsible for Human Settlements across the country on Thursday.

Kubayi said the collaborative initiative with traditional leaders aims to enable traditional leaders to identify safe land parcels for settlement purposes and avoid disaster-prone areas in vulnerable provinces.

She said the department intends to pilot this approach in rural KwaZulu-Natal and Limpopo Provinces, paving the way for proactive disaster mitigation and sustainable human settlements.

“By leveraging geo-mapping technology, the department aims to inform decision makers to make better land allocation decisions, ensuring the safety and well-being of communities. We cannot be chasing after or reacting to disasters.

“We must be proactive and put measures in place to mitigate future disasters. Climate change is upon us, and we should be better prepared and be able to respond accordingly,” Kubayi said.

The Minister convened the meeting with the MECs, focusing on the 2024/2025 human settlements priorities.

This was the second meeting in the seventh administration included the Mayors and Members of Mayoral Committees (MMCs) for Human Settlements in metropolitan municipalities and representatives from the South African Local Government Association (SALGA) to tackle key critical areas.

These include prioritising vulnerable groups in housing allocation, the Title Deeds Restoration Programme, housing for military veterans, emergency housing, and an update on the Human Settlements White Paper.

The meeting discussed the finalisation of the White Paper and MINMEC was informed that extensive consultations have been undertaken to ensure that all sectors of the community took part in shaping the new policy.

Approved by Cabinet in 2023 for public consultation, the draft White Paper seeks to address the prevailing gaps and inconsistencies in the housing and human settlements sector by responding comprehensively to contemporary sector reforms.

The meeting heard that sectors including NGOs, civil society, labour, academics, developers and contractors, and identified government departments were consulted.

The draft White Paper will be presented to Cabinet for approval, and once approved, a nationwide awareness campaign will be launched to educate the public on the policy's key points through various media channels.

The Minister also underscored the importance of building integrated communities including rural areas, saying human settlements should be where people are, feel safe and have access to economic opportunities and social amenities.

“Accordingly, the government has availed resources to build social amenities in rural areas including community halls and other facilities to encourage development within the communities,” the Minister explained.

Assisting those affected by disasters

On emergency response to people affected by disasters, MINMEC welcomed a briefing on the Emergency Housing Framework developed to ensure immediate response to people affected by disasters.

MINMEC stressed the need to clarify roles and responsibilities since the national department has assumed responsibility.

The meeting adopted a proposal outlining disaster response protocols, dividing responsibilities between the National Department of Human Settlements, provinces, and metros based on disaster severity.

“Significant and severe disasters, affecting 51 to 100 or more households, will be jointly responded to by the National Department and provinces/metropolitan areas, while minimal and minor disasters, impacting 1 to 50 households, will be addressed by provinces working with metros,” Kubayi said.

In response to disasters, the Emergency Housing Guidelines provide four key interventions, and these include restoration, rebuilding, relocation, and repairs.

MINMEC emphasised the need to address historic disasters that occurred from 2019 to April 2024, which have affected numerous households, with estimated damages totalling R1 billion. – SAnews.gov.za

GabiK
Fri, 10/04/2024 - 10:58

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President Ramaphosa to address National Teaching Awards

Location: News

President Ramaphosa to address National Teaching Awards

President Cyril Ramaphosa is expected to address the 24th National Teaching Awards (NTA) to be held at Birchwood Hotel and Conference Centre on Saturday.

The awards will be held under the theme: “Empowering Educators to educate a South African learner fit for the 21st Century: Strengthening Resilience, Building Sustainability”.

“The National Teaching Awards is annually hosted by the Department of Basic Education to appreciate and acknowledge the extraordinary efforts made by excellent teachers, often in very difficult conditions. Such teachers provide for better futures for learners,” the Presidency said in a statement on Friday.

The top of South Africa’s teaching talent is expected to be recognised in the following categories:

-    Excellence in Grade R Teaching
-    Excellence in Primary School Teaching
-    Excellence in Primary School Leadership
-    Excellence in Secondary School Teaching
-    Excellence in Secondary School Leadership
-    Excellence in Special Needs Teaching
-    Excellence in Special Needs Leadership
-    Excellence in Teaching Mathematics (GET)
-    Excellence in Teaching Mathematics (FET)
-    Excellence in Teaching Natural Sciences
-    Excellence in Teaching Physical Sciences
-    Excellence in Technology – Enhanced, Teaching and Learning
-    Kader Asmal Lifetime Achievement Award
-    National Best Teacher Award

“The NTA aims to focus public attention on the positive aspects of Basic Education, thereby raising the public image of the teaching profession, recognise, appreciate and promote excellence in teaching performance,” the Presidency said. 

READ | Educators honoured at National Teaching Awards

-SAnews.gov.za 

NeoB
Fri, 10/04/2024 - 12:37

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Smart solutions secures PRASA infrastructure

Location: News

Smart solutions secures PRASA infrastructure

The Passenger Rail Agency of South Africa (PRASA) has employed a number of smart solutions to secure their infrastructure with a goal of returning to their pre-COVID-19 pandemic level of 600 million annual passengers.

Addressing the Smart Mobility Africa Summit in Johannesburg, Minister of Transport Barbara Creecy said in order to make sure that no further theft or vandalism occurs on their lines, PRASA has employed a variety of digital solutions to protect its infrastructure as well as its passengers.

“PRASA and Huawei have partnered to employ an intelligent e-guarding perimeter system which uses artificial intelligence to alert a central control centre when there are security breaches or incidents occurring within the system. 

“This includes a seismic activity tracker which monitors any digging that occurs within the perimeter of rail depots. This means that any attempts at cable theft or similar infrastructure damage is dealt with proactively rather than reactively,” the Minister said.

Thirty-one of PRASA’s 40 priority lines have re-entered into service after a period of theft and vandalism, with re-signalling of these lines an ongoing project. 

“The re-signalling of these lines is a critical undertaking as it ensures the location, the availability and reliability of train services,” Creecy said.

“The use of new technologies in our economy cannot only be limited to mass infrastructure projects and macroeconomic policy. Smart systems need to be used in terms of service delivery to improve the lives of our citizens.

“This can be done in a variety of ways, whether in terms of e-permitting and licensing for transport operators, fully digitising driver’s license testing and vehicle registration, automating and digitising truck weighbridges, and using real-time monitoring of our roads network to avoid congestion and road accidents.

“New technologies can also be used to enhance the security of our communities through CCTV surveillance of our public areas and the use of drone technology to effectively monitor our borders, ensuring the safety of travellers and stopping cross-border illicit trade,” said Creecy.

Smart technology can also be used for integrated transport and logistics planning.

“Transnet has embraced smart systems through a number of measures and aims to harness this technology to further streamline logistics processes.

“Last year, the entity relaunched its integrated Port Management System (IPMS) as part of its digital transformation strategy. The IPMS is a digital vessel management system which allows real-time access to operational information in order to help manage and track freight within the Transnet system. IPMS users are able to make online service requests and see booking slots, in order to avoid over-booking,” the Minister said.

She emphasised the importance of taking advantage of the new technologies and processes available in order to maximise opportunities for economic growth and adequately meet government’s priorities. - SAnews.gov.za
 

nosihle
Wed, 10/02/2024 - 14:33

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SMEs critical to economic growth

Location: News

SMEs critical to economic growth

The role of Small and Medium Enterprises (SMEs) in driving economic diversity and fostering innovation to boost competitiveness is critical. 

This is according to Deputy Minister of Trade, Industry, and Competition, Andrew Whitfield, who was speaking during a panel discussion at the London Stock Exchange on the role of small businesses in the economy.

Whitfield is currently in the United Kingdom, accompanying Deputy President Paul Mashatile on a mission to promote South Africa as a leading investment destination. 

This high-level delegation aims to strengthen bilateral relations between South Africa and the United Kingdom, showcasing South Africa's vast investment potential while identifying new trade opportunities for local businesses.

In his address, Whitfield highlighted the broad range of support mechanisms available to South African SMEs through the Department of Trade, Industry, and Competition (the dtic).

"At the dtic, we have developed several industrial levers, including competition policy and export marketing assistance, to ensure that SMEs have the tools to expand and trade globally.

“We are also deeply engaged in conversations around digital transformation, enabling marginalised SMEs, particularly in sectors like agro-processing to access global value chains and participate on digital platforms,” he said.

Whitfield emphasised that supporting SMEs through digital platforms was crucial for ensuring that they can compete not only regionally but also globally. 

He stressed the importance of reducing market access barriers for sectors like agriculture, which remains a vital area of growth for SMEs and enhancing collaboration between the private and public sectors to create a conducive trading environment.

He addressed the broader role of SMEs in South Africa’s industrial policy, highlighting the need for targeted interventions that enable them to participate in high-growth sectors such as manufacturing, technology and agro-processing.

"The export potential for South African SMEs is enormous, and we are committed to scaling them up to ensure they are integrated into both regional and global value chains. Through our policies, we aim to create an ecosystem that supports rapid and inclusive growth.

“This is essential for job creation and for ensuring that SMEs can contribute meaningfully to the industrialisation of our economy," he added.

Furthermore, Whitfield touched on the need for removing red tape and bureaucratic barriers that hinder SME growth, stressing the importance of regulatory reform as part of South Africa’s economic recovery strategy.

As the delegation continues its engagements in the UK, Whitfield emphasised that partnerships between government and private sector entities, particularly in sectors like agriculture and technology, would be pivotal in unlocking future opportunities.

"We have had promising discussions around agricultural products and solutions for SME growth, and we’re committed to ensuring that companies investing in South Africa make deliberate efforts to partner with small and medium-sized enterprises. 

“We believe that such partnerships, coupled with digital transformation, will play a major role in positioning SMEs to thrive in global markets," he said.

Whitfield reaffirmed South Africa’s commitment to creating an enabling environment that will attract investments and spur growth across various sectors of the economy. – SAnews.gov.za

Edwin
Wed, 10/02/2024 - 14:45

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Gugulethu Zwane appointed as Acting DG of Department of Science and Innovation

Location: News

Gugulethu Zwane appointed as Acting DG of Department of Science and Innovation

The Minister of Science and Innovation, Professor Blade Nzimande, has announced the appointment of Gugulethu Zwane as the Acting Director-General (DG) in his department, with effect from 1 October 2024. 

The department has described Zwane as a seasoned professional with extensive experience obtained in a variety of fields over 20 years. 

According to the department, Zwane started her career in the laboratory as a microbiologist but then ventured into government in 2002, where she joined the Department of Science and Innovation (DSI) while it was still the Department of Arts, Culture, Science and Technology. 

“She then had the opportunity to work for several State-owned entities at senior and executive level. This enabled her to gain a wealth of experience in such areas as strategy and policy development, project management, business process, audit and risk, culture change, business development, organisational planning, and performance, among others.”

Zwane is currently the Deputy DG responsible for institutional planning and support. 

In this role, the newly appointed Acting DG oversees the governance of the DSI and its entities, the department’s organisational realignment process, coordination of the Decadal Plan activities, including the inter-ministerial committee and inaugural Presidential Plenary on Science, Technology and Innovation (STI). 

“The appointment of Ms Zwane implies that the tenure of Mr Daan du Toit, as Acting Director-General, comes to an end. 

“The Minister wishes to express his sincere gratitude to Mr Du Toit for his support and dedicated service to the department and wishes Ms Zwane well on her appointment as Acting Director-General.” – SAnews.gov.za
 

Gabisile
Tue, 10/01/2024 - 11:52

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Citizens encouraged to participate in National Science Week

Location: News

Citizens encouraged to participate in National Science Week

The Minister of Science, Technology and Innovation, Professor Blade Nzimande, has urged South Africans to participate in National Science Week (NSW) activities. 

This year’s theme is “Living in a high-tech world: Should we be concerned?” and it aims to inspire young people and involve the public in understanding the importance of science in addressing societal concerns. 

The National Science Week activities across South Africa kickstarted on Monday, 30 September, and will wrap up on Saturday, 5 October 2024. 

A flagship initiative of the Department of Science and Innovation (DSI), National Science Week is a platform for schools, universities, research institutions and community organisations to participate in a range of interactive events, exhibitions and seminars countrywide. 

The Minister officially opened the annual science engagement initiative in Bloemfontein on Saturday. Almost 1 500 learners attended the launch event at the Central University of Technology, which included a science, technology and innovation (STI) exhibition.

In his opening address at the launch, Nzimande said South Africa needs to foster a culture of using STI in the country to drive economic growth and respond to issues such as sustainable development and social inequality. 

He said this year’s theme responds to the highly technology-driven world in which the country finds itself. 

Through this theme, he said, “We seek to encourage a culture of critical conversations among ordinary people and especially our youth about the value of science to society”. 

According to Nzimande, the country has made commendable progress since 1994 in increasing the numbers of black and women scientists.

“There is, of course, still more work that needs to be done in this regard, but we cannot deny the progress that has been made over the past 30 years.” 

The Minister reminded the learners in the audience that they have more opportunities today than their grandparents who grew up during the dark days of apartheid when Black people were told they did not need mathematics and science. 

“My message to all the learners here today is that you were born into a democratic order, for which your grandparents fought. Unlike your grandparents, you have available to you many opportunities to develop yourselves.”

The Minister urged the young people to make use of the opportunities that are available to them. 

“Most importantly, we expect you to take up the various careers in science, technology, engineering, mathematics, and innovation (STEMI) so that we can produce the critical skills we need to deal with such things as poverty, inequality, pandemics and the impact of climate change.”

The Minister highlighted the stellar achievement of a Grade 10 learner, Munei Netsharotha, from Tshivhase Secondary School in Limpopo, who constructed a hydrogen-fuelled vehicle. 

The Minister said Netsharotha’s invention is well aligned with the hydrogen economy, which is one of the department’s priorities. 

Other brilliant innovators included mechatronics apprentice, Hlompho Malehodi, who spoke about her career. 
Malehodi studied electrical engineering at a technical vocational education and training college and recently won a gold medal in the South African leg of the WorldSkills Competition. 

She became the first Black woman in mechatronics to represent South Africa in the international WorldSkills Competition in Lyon, France. 

The public is encouraged to participate in the activities in their communities and to follow the event on social media using the hashtag #NSW2024 for live updates and information and visit https://www.saasta.ac.za/programmes/focus-weeks/national-science-week/. – SAnews.gov.za

Gabisile
Tue, 10/01/2024 - 12:15

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Nominations open for boards of PIC, Sasria and Land Bank

Location: News

Nominations open for boards of PIC, Sasria and Land Bank

National Treasury has called for nominations of candidates to serve on the boards of directors of the Public Investment Corporation, Sasria and the Land and Agricultural Development Bank.

Qualifications and/or experience required to serve are as follows:

  • Public Investment Corporation SOC Limited: leadership, strategy, governance, law, actuary, economics, investment and asset management, corporate and project finance, human resources, auditing, accounting, risk, auditing, finance, information and communications technology, public administration, and social sciences.

  • Sasria SOC Limited: actuary; investments; insurance, reinsurance, leadership, strategy, governance, information and communications technology, law, accounting, auditing, risk, finance, and human resources.

  • Land and Agricultural Development Bank: leadership, strategy, governance, law, accounting, auditing, risk, finance, human resources, information and communications technology, asset and liability management, corporate law, corporate treasury, agricultural economics, agricultural research and development, rural development, development finance, credit risk (modelling), banking, and financial markets.

“Appointments will be subject to verifications of qualifications, relevant checks, and the preferred candidates obtaining the necessary security clearance. 

“Preference will be given to candidates whose appointments will enhance representativity. The Minister of Finance determines the remuneration allowances and other benefits of the chairperson and other board members,” Treasury said.

Nominations to serve must be accompanied by:

  • The full names, address and contact numbers of the person or organisation making the nomination.

  • A written and signed acceptance of the nomination by the nominee, in the form of a letter also certifying that he/she is not disqualified from serving as a director in terms of the Companies Act, 2008 and in relation to the Land Bank nomination that he/she is not disqualified to serve as a member of the board, as determined by Section 10 of the Land Bank Act, 2002.

  • A curriculum vitae of the nominee, providing the following information: full name; identity number and gender; physical address; contact numbers and email; previous experience quoting dates and organisations or institutions concerned; academic qualifications and service as a non-executive director on other boards.

  • Certified copies of the identity document and qualifications. 

  • Any other information that may be of assistance to National Treasury in making recommendations.

Nominations must be sent to the department no later than 14 October at National_Treasury_Boards@zatreasury.onmicrosoft.com.

Enquiries should be directed to Languta Manganye at 078 782 9421. – SAnews.gov.za

NeoB
Mon, 09/30/2024 - 12:48

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GNU working to build an inclusive economy

Location: News

GNU working to build an inclusive economy

Deputy President Paul Mashatile has reiterated government’s commitment to building an inclusive economy in South Africa and has assured Londoners that the Government of National Unity (GNU) is working around the clock to make this a reality. 

The country’s second-in-command was speaking on Monday at the Bloomberg roundtable discussion in London, during his second leg of a weeklong working visit, which kickstarted today. 

The Deputy President is in the United Kingdom to engage with leaders with the hope of improving trade and investment relations between the two nations, following a successful visit to Ireland.

“My delegation and I are here in the United Kingdom to build on the outcomes of the State Visit by President Cyril Ramaphosa in 2022, with a specific focus on how we can work together to ensure inclusive economic growth, address and respond to climate change challenges and the Just Transition, and ensure a balance and increase of trade between our two countries,” he told the attendees. 

Top of the agenda, he said, is advancing inclusive and sustainable economic growth, addressing poverty and the high cost of living and strengthening bilateral partnerships in several sectors.

These sectors include trade, investment, skills development, science, innovation, tourism, and the Just Energy Transition.

“All of these major sectors aim to advance the GNU’s strategic priorities of achieving sustainable economic growth, alleviating poverty and the high cost of living, and developing an ethical, capable developmental State. 

“Our people voted for us to collaborate to achieve their goal of creating better employment opportunities and equal economic growth in all facets of society.

“The GNU is the best tactical option for us to move the country ahead, putting our differences aside for the benefit of our great nation,” he said. 

He assured those who have business interests in South Africa and potential investors that the GNU is working together to create a conducive environment for businesses to strive. 

“As the new government, we will continue to hold the United Kingdom in a special place in our hearts, not only due to our historical ties but also because of the immense potential for collaboration and growth that exists between our two countries.” 

By fostering stronger trade and investment relationships, he said the State aims to create a “win-win” situation for both nations that will bring economic prosperity and stability. 

He acknowledged that both countries are facing various challenges impacting stagnant economic growth affected by the COVID-19 pandemic, the energy crisis and the Russia-Ukraine war. 

“South Africa is committed to reviving our economy and in this regard, we have made notable progress in terms of economic growth and development.” 

The Deputy President urged United Kingdom businesses to deepen their investment ties with South Africa as the country works around the clock to revive its economy. 

“We assure the investors that investments in South Africa are secure. Our business environment is stable as is the political environment and this is supported policy certainty and regulatory safeguards.”

He told them that government is boosting its investment in electricity generation and drawing up plans that are now being implemented, to allow more private participation in the country’s freight-rail network and reform its byzantine work permit regime. 

According to the Deputy President, measures are in place to deal with load shedding which have already shown results. 

“As a country, we are also looking at expanding our investment in the United Kingdom because we consider you to be a major economic powerhouse with a diverse and dynamic market that offers numerous opportunities for our businesses to expand and thrive.” 

He is of the view that enhancing investment relationship with the United Kingdom will open new sources of funding and expertise that can support key sectors of our economy, such as infrastructure, manufacturing, and technology. 

“By working together, we can leverage each other’s strengths and resources to promote economic growth, create job opportunities, and improve the standard of living for all our citizens. 

“We are committed to fostering a strong and mutually beneficial relationship with the United Kingdom government, based on shared values of democracy, freedom, and economic prosperity,” he added. – SAnews.gov.za

 

Gabisile
Mon, 09/30/2024 - 14:57

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Deputy President assures Ireland of SA’s  commitment  to ‘enabling environment’ for business

Location: News

Deputy President assures Ireland of SA’s  commitment  to 'enabling environment' for business

Deputy President Paul Mashatile has assured Ireland that South Africa is committed to creating an enabling business environment that attracts investment, spurs economic development, and creates jobs.

“We understand the significance of collaboration with countries like Ireland, which share our values and aspirations for a better future. As a country, we want to enhance our exports of value-added goods and services to Ireland,” the Deputy President said on Friday. 

This as the Deputy President undertook a working visit to Ireland to reinforce South Africa’s historic and warm bilateral relations with the nation where he is also expected to meet his Irish counterpart, Prime Minister Simon Harris. 

READ | Mashatile undertakes working visits to Ireland and the UK

Speaking at the South Africa-Ireland Forum, the country’s second-in-command said the nation’s focus was on understanding the potential for growth in the global economy. 

“It is our responsibility as leaders in our various regions to cultivate an environment that promotes entrepreneurship stimulates innovation and propels inclusive prosperity.” 

The Deputy President said he was pleased that the two countries already trade in food and beverages. 

“However, I must admit that the global pandemic has hindered our trade partnership, leading to only modest progress. We must identify measures to expedite international investment. I strongly believe that there is significant potential to significantly increase the volume and value of various products, including those that are manufactured,” he added. 

He told businesspeople that there were many reasons to invest in South Africa, including the fact that the country has had political stability and peaceful elections since 1994. 

“We emerged from a peaceful election and formed a Government of National Unity (GNU). All parties in the GNU pledge to uphold the 10 fundamental principles.” 

These, he said, include respect for the Constitution, non-racialism, social justice, human dignity, nation-building, peace and stability, accountability, evidence-based policy, a professional developmental public service, and integrity. 

The Deputy President also said South Africa prides itself on quality infrastructure and logistics, the largest presence of multinationals in Africa, a well-developed and diversified manufacturing base. 

In addition, he pointed out that the country also has a lucrative emerging market, favourable market access to the global market, an innovation and technology hub, abundant natural resources, Africa’s leading financial hub, a young labour workforce, and excellent quality of life. 

He also told potential investors that several South African key science and technology innovations and achievements emerge from our home soil. 

He mentioned the Kreepy Krauly automatic pool cleaner, CAT scan, Q20 lubricant, Pratley Putty and Smartlock Safety Syringe. 

Government interventions

Shifting his focus on the South Africa’s Economic Recovery Plan and projects like Operation Vulindlela, which he said were a collaborative effort to expedite the implementation of economic and structural reforms, are aimed at stimulating job creation and development. 

To ensure the rapid expansion of energy generation capacity, he stated government’s various interventions including the announcement of a further 6800 MW of solar PV and wind power being procured through Bid Windows 5, 6, and 7. 

“Future windows will procure an additional 3000 MW of gas and 513 MW of battery storage. The government has boosted private sector participation in energy generation by removing the 100MW National Energy Regulator of South Africa (Nersa) licence threshold, a game-changing announcement for the industry. 

“It should also be noted that the Hydrogen Economy has been identified as a potential game changer for South Africa,” he explained. 

In addition to the investment opportunities in the energy space, he said the nation wishes to explore cooperation for investment projects in sectors such as food tech, global business services, film, fintech and infrastructure in Ireland. 

He believes that South Africa can benefit from Ireland’s expertise in the technplogy sector as the country is currently attracting a lot of back-office service operations from foreign companies. 

“However, foreign companies from Ireland have been slow in relocating operations to South Africa. 
“This engagement presents an opportunity to reverse this trend. In terms of fintech, there is a lot of capital available in Ireland that could boost South Africa’s innovative fintech. Furthermore, the film industries of both countries could benefit from enhancing cooperation in the film space could benefit both countries film industries.” 

He urged Ireland to assist South Africa with the successful implementation of the projects, with the provision of requisite skills in these sectors. – SAnews.gov.za

Gabisile
Fri, 09/27/2024 - 15:47

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PROTEC and GE Vernova Celebrate Inaugural Next Engineers: Engineering Academy Class

Location: News
GE

Next Engineers, a global college-and career-readiness programme working to increase the diversity of young people in engineering, celebrated the graduation of its first-ever Engineering Academy learners in Johannesburg, South Africa on Friday, September 27. The graduation ceremony marked the programme's contribution towards bridging the Science, Technology, Engineering and Mathematics (STEM) skills gap in the country through exposing learners to hands-on engineering experiences and career pathways.  

The 37 learners from 15 high schools across Johannesburg who completed the programme, many of whom plan to study towards an engineering-related qualification at university or technical higher learning institutions, were joined by their families at University of Witwatersrand, Sturrock Park Sports Hall, to celebrate their achievements. Launched in 2022, PROTEC, University of Witwatersrand, and Kutitiva Foundation are the educational partners for the local Next Engineers programme, and local GE Vernova engineers and employees actively engage with Academy participants through hands-on, skill-based volunteering.  

“We are proud to see our first cohort of learners graduating and wish them all a successful learning trajectory in the next stage of their education journey,” said Matsi Eseu, South Africa HR Director for GE Vernova. “At GE Vernova, we believe education is a significant driver of economic inclusion and it's inspiring to see the positive impact the Next Engineers programme is having, not just in empowering tomorrow's engineers who will solve society's most pressing challenges but also in increasing the diversity of young people, particularly females, in the engineering sector. We extend our gratitude to all those involved in the Engineering Academy.” 

Learners who complete the Engineering Academy program and enroll in a qualified engineering or engineering-related degree programme receive financial aid to support them as they continue on their paths to becoming engineers.

Balan Moodley, CEO of PROTEC, said, "I extend my heartfelt congratulations to each and every graduate in this programme.  Their commitment and hard work inspire us all, and I have every confidence they will continue to make a positive impact in the field of engineering and beyond. I also want to express my sincere gratitude to GE Vernova in Johannesburg for their unwavering support and partnership throughout this journey. Together, we have laid the groundwork for a brighter future in engineering, and I am excited to see the continued success of Next Engineers in empowering young minds."

The Next Engineers: Engineering Academy is a transformative learning experience designed for learners aged 15 to 18. Through a rigorous curriculum, immersive design challenges, and career coaching, participants learn to think and act like engineers.

Key programme highlights:

  • Dedication: The Engineering Academy spans three years, with learners dedicating 220 hours outside of regular school hours to participate.
  • Design challenges: In small teams, learners tackle increasingly complex design challenges, mastering the engineering design process.
  • Foundational skills: Beyond technical knowledge, learners develop essential skills such as communication, teamwork, persistence, time management, and presentation abilities.
  • Education and career exploration: Workshops and activities prepare learners for their next steps, including university campus tours and interactions with company volunteers.
  • Scholarships: Learners who complete the program and enroll in post-secondary engineering degree programs receive partial scholarships. Next Engineers anticipates granting at least $2 million in scholarships to the inaugural classes of Engineering Academy learners worldwide.

Johannesburg, South Africa, was among the first four locations to launch Next Engineers, with a $2.5 million (R44.6 million) investment from the GE Foundation in 2021. To date, Next Engineers, which also includes programming for learners in grades 8-12, has reached more than 3,500 learners across Johannesburg.

STEM training and education, such as Next Engineers, is helping to solve global challenges while also lifting up communities through economic opportunities. Next Engineers is not the only way GE Vernova in South Africa has committed to supporting the next generation of STEM talent. GE Vernova's South Africa External Bursary Programme has offered comprehensive bursaries to the tune of $5.4 million (R95.6 million) to support over 648 beneficiaries pursuing a Bachelor of Science, Commerce or Arts qualification from 2020 to date. The bursaries are aimed at alleviating the financial strain of tertiary students and covers the tuition, accommodation, textbook costs, and a monthly stipend over the period of study.

For more information about Next Engineers and the Engineering Academy, visit http://apo-opa.co/3BmFfKp.

Distributed by APO Group on behalf of GE.

Media contacts:
GE Vernova
Kashumba Macombe
Communications Specialist
GE Vernova
Kashumba.Macombe@ge.com

PROTEC
Annette Reed
Fundraising and Business Development
Programme for Technological Careers (PROTEC)
+27 82 334 2939
annette@protec.org.za

About Next Engineers:
Next Engineers, a program originally funded by the GE Foundation in 2021, now known as the GE Aerospace Foundation, is a college- and career-readiness program dedicated to inspiring and preparing the next generation of engineers. Through innovative programs, mentorship, and community partnerships, we empower young minds to shape a better future through engineering.

About GE Vernova​:
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world's challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company's purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: www.GEVernova.com and LinkedIn (http://apo-opa.co/3zwmm7b).

About PROTEC:
PROTEC was established in 1982 by a group of engineers from the South African  Institute of Civil Engineers to respond to the challenges facing the education system and to address representation across all socio-economic and racial groups in STEM careers.  To date, PROTEC has seen more than 40,000 learners complete the Learner Excellence Programme. Based in Randburg, PROTEC has 17 branches and projects in 6 out of the 9 provinces.  Our aim is to extend the programme to all 9 provinces.  The programme targets learners from Grade 4 to Grade 12 in specifically Science, Mathematics, and English. Teachers who teach these subjects as well as coding and robotics, benefit from development and support that uses a centre-based and classroom support model. Find us on www.PROTEC.org.za, Facebook (http://apo-opa.co/47HJTyw), LinkedIn (http://apo-opa.co/3Y019Mg) and Instagram.

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