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Ramokgopa attends BRICS Energy Ministers Meeting
Ramokgopa attends BRICS Energy Ministers Meeting
The Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, has called on the BRICS Plus bloc of countries to work together to assist and support member countries to tackle energy challenges.
The Minister was delivering his opening remarks at the 9th Annual BRICS [Brazil, Russia, India, China and South Africa] Energy Ministers' Meeting in Moscow, Russia.
“We believe that this BRICS group of like-minded country members has a huge potential, and working together will strengthen this resolve through cooperation on energy security.
“[It will] also provide an opportunity to join efforts to annihilate the challenges diagnosed during the BRICS 2023 Summit held in South Africa, such as addressing the lack or absence of integrated energy policy framework, diversification and beneficiation at source of critical minerals, infrastructure development, manufacturing, technology transfer and intellectual property, scaling up energy efficiency, mobilisation of finance and investment, as well as skills and capacity building, amongst others,” Ramokgopa said.
He called on the member countries to “tap and dig deeper into various capabilities and strengths" to ensure mutual support in harnessing the individual potential each country has at its disposal.
“To mention a few opportunities, it is mining and beneficiation of critical minerals, and rare-earth elements required to power the green economy, [expand] hydro power potential, promising hydrogen solutions and its derivatives, gas, nuclear - including small modular reactors, renewables, storage, biofuels, as well as clean coal, and carbon capture utilisation and storage,” the Minister said.
Ramokgopa highlighted that the meeting of BRICS Energy Ministers comes at a critical time, as countries ponder ways to transition towards low carbon economies.
“This meeting comes at a critical phase where our countries are grappling with the challenge of balancing developmental goals with energy transition pathways.
“We must ensure that these transitions safeguard energy sovereignty and security, promote sustainable economic development, facilitate universal access and respond effectively to environmental imperatives, all the while ensuring no one is left behind,” he said.
He told the meeting that the expansion of the BRICS bloc of countries is a “clear affirmation of the group's growing significance and influence in the global energy agenda”.
“This is a pivotal moment, positioning BRICS to reshape, refocus, and reset the global energy architecture to ensure energy access, security, affordability, and eradicate energy poverty and promote a just energy transition.
“For us as South Africa, we see this as an opportune moment to clearly articulate our collective position as the developing nations that will enable us to continue to use our energy resources through innovative technologies that allow us to move from high emitting to low emitting energy systems, and thus achieve carbon-neutrality or net-zero at a pace and scale that is in line with our different national circumstances and capabilities.
“In this regard, we want to reiterate that our approach to an inclusive and people centred energy transition is informed by the need to maintain energy security in support of socio-economic objectives,” Ramokgopa said. – SAnews.gov.za
NeoB
Thu, 09/26/2024 - 14:42
231 views
National Basketball Association (NBA) Africa Announces Four Prize-Winning Companies at First Startup Accelerator Demo Day
Festival Coins (Nigeria), Salubata (Nigeria), HustleSasa (Kenya) and UBR VR (Egypt) Win Top Prizes, including Financial Support and Mentorship; Paystack Payments Ltd., Kuramo Capital Management and Nigerian University of Technology and Management Join Demo Day as NBA Africa Triple-Double Accelerator's First Official Partners (www.NBA.com).
NBA Deputy Commissioner and Chief Operating Officer Mark Tatum today announced the four prize-winning startup businesses from “NBA Africa Triple-Double Accelerator” (http://apo-opa.co/3ZLmNoC), which NBA Africa launched in April 2024 to support the continent's technology ecosystem and the next generation of African entrepreneurs. The four winning businesses – Festival Coins (Nigeria), Salubata (Nigeria), HustleSasa (Kenya) and UBR VR (Egypt) – will be awarded financial support and mentorship, including an opportunity to participate in workshops and development programs facilitated by NBA Africa or its partners.
The 10 finalists, shortlisted from more than 700 early-stage African startup businesses that applied to participate, pitched their products to a panel of international industry leaders at a Demo Day at the NBA headquarters in New York City yesterday. The judges included Accelerate Africa Co-Founder and CEO Iyinoluwa Aboyeji; NBA Assistant General Counsel, Technology, Software Licensing and Digital Platforms Franciscus Diaba; Managing Director, Centre for the Fourth Industrial Revolution Rwanda Crystal Rugege; Chegg Inc. Executive Chairman Dan Rosensweig; and Partner at Development Partners International Joanne Yoo. NBA Commissioner Adam Silver also delivered opening remarks and met the 10 finalists.
Below are the four winning businesses:
- Festival Coins (Nigeria), an event technology company that offers a customizable, no-code event registration and ticketing platform called Tix Africa for events in Nigeria and Ghana, won the first-place prize and $50,000.
- Salubata (Nigeria), a company that creates modular shoes repurposed from plastic waste to reduce the global carbon footprint through its environmentally friendly products, won the second-place prize and $40,000.
- HustleSasa (Kenya), which provides live event services that support payment processing, attendee check-in, merchandise sales, customer data management, influencer tracking, and more, won the third-place prize and $30,000.
- UBR VR (Egypt), which delivers state-of-the-art, fully immersive, in-person virtual reality (VR) experiences across Egypt, won the fourth-place prize and $20,000.
The six other finalists each received a $10,000 prize.
The Demo Day was supported by three official partners: Paystack Payment Ltd. (http://apo-opa.co/3XHn75j), Kuramo Capital Management (http://apo-opa.co/3ZGroJ2) and Nigerian University of Technology and Management (NUTM) (http://apo-opa.co/3XHn1dX).
“Congratulations to all of the incredibly talented entrepreneurs who participated in this year's program, with special recognition to the 10 finalists and four distinguished winners,” said NBA Africa CEO Clare Akamanzi. “These outstanding companies have demonstrated the creativity, drive and determination to shape the future of sport in Africa and will help the continent take its rightful place on the world stage. We look forward to following their successes for many years to come.”
“NBA Africa Triple-Double Accelerator” is open to early-stage startups in Africa that develop solutions in event management and ticketing, youth development, AI, and digital marketing.
Distributed by APO Group on behalf of National Basketball Association (NBA).
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; Johannesburg, South Africa; Lagos, Nigeria; and Nairobi, Kenya. 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, NBA Stores, the BAL, and more.
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 concluded its fourth season in June 2024. Fans can follow @ NBA_Africa (https://apo-opa.co/3XytCXW) and @ theBAL (https://apo-opa.co/3N01pod) on Facebook, Instagram, X and YouTube.
Celebrating Heritage Day: Isilumko Staffing’s Commitment to Diversity, Culture, and Success.
As South Africa prepares to celebrate Heritage Day on the 24th of September, Isilumko Staffing reflects on the richness of our own heritage as a business and the diverse backgrounds of our employees. Heritage Day is a time to honour the country’s rich cultural diversity and to acknowledge the importance of embracing the traditions, values, …
Your Trusted Partner in the Mining Industry
By Erick Wessels, Sales Director, RS South Africa (www.Africa.RSdelivers.com).
The mining industry is facing significant challenges, from financial pressures leading to reduced margins and demanding stakeholders adding to procurement costs. Success in such an environment requires partnering with a supplier that is collaborative, flexible, and forward-thinking. RS stands as the ideal partner to help businesses in the mining sector achieve their goals while saving time and money.
Optimising supply management
At RS, we are committed to enhancing your supply management performance to drive commercial success. Our suite of next-generation inventory, procurement, and maintenance solutions is designed to reduce costs and optimise productivity. Leveraging advanced data insights, we help you streamline your supply chain, refine your processes, and identify cost-saving strategies that reduce the total cost of ownership and boost operational efficiency.
Ensuring safety in hazardous environments
Whether open cut or underground, all mining operations present extreme dangers. With stringent Health and Safety regulations in place, the risks associated with dust and other hazards must be meticulously managed. Compliance with IECEx legislation is crucial, necessitating the use of intrinsically safe products. Given the hazardous and arduous nature of the mining industry, safety is of paramount concern. Therefore, reliable PPE and safety equipment specification are critical.
RS offers a rapidly expanding range of PPE and workwear from trusted local and global suppliers, designed specifically for the harsh environments of the mining industry. Our products ensure site safety and security with advanced locks, security alarms and sensors, CCTV, and surveillance systems. In addition, we provide innovative automation and control technology to safely manage and automate processes, including signalling, sensors, and industrial robots.
Advanced energy management
Economic and environmental challenges drive the need for maximum energy efficiency in the mining industry. With carbon net zero on the horizon, energy efficiency has become a crucial topic. Our products, services, and solutions are tailored to help mining clients reduce CO2 emissions and energy consumption, thereby lowering overall costs.
We collaborate with you to understand your specific needs and apply a suite of energy-efficient products and services expertly designed to simplify energy management. Our solutions, backed by digital expertise, leverage the latest in energy efficiency technology to minimise energy waste, reduce carbon footprints, and assist you to meet your energy efficiency targets. From LED lighting to energy meters, we provide the right products to achieve your energy efficiency, health and safety, and productivity goals.
Committed to environmental management
Mining, by its very nature, has a significant impact on the environment. The industry is making great strides to mitigate these effects and ensure healthy air, land, and water in the areas where they operate. RS offers a range of products and solutions to help you manage and minimise the environmental impact of your mining operations.
Partnering with RS gives you access to our comprehensive range of solutions designed to support your mission, enhance safety, optimise energy use, and reduce environmental impact. Together, we can navigate the challenges of the mining industry and achieve sustained success.
For more information about RS South Africa's initiatives and product range, visit their website (http://apo-opa.co/3ZE7ZYV) and follow them on LinkedIn (http://apo-opa.co/3Brll0x) for regular updates on their impactful work.
Mining brochure: https://apo-opa.co/3ZFt6ds
Mining Campaign: https://apo-opa.co/3ZE7ZYV
Distributed by APO Group on behalf of RS South Africa.
PR Contact Person - RS South Africa:
Princess Tlou
Communications & Content Specialist
RS South Africa
Princess.Tlou@rsgroup.com
+27 11 691 9366
Media Contact Person – NGAGE:
Thobile Ndlovu
PR Account Executive
thobile@ngage.co.za
+27 11 867 7763
Further information is available via these links:
LinkedIn: https://apo-opa.co/3XVkzSl
Facebook: https://apo-opa.co/3zvhhvU
Twitter: https://apo-opa.co/4dne5QT
RS Africa Exports: http://apo-opa.co/3XUE7q5
RS South Africa: http://apo-opa.co/3XVZ8k3
DesignSpark: http://apo-opa.co/4dsAjkA
RS Group plc: http://apo-opa.co/3ZDW6SX
RS Group:
RS Group plc is a leading global omni-channel industrial product and service solutions provider to customers who are involved in designing, building and maintaining industrial equipment and operations, safely and sustainably. We stock more than 700,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of product and service solutions to over 1.2 million customers. With operations in 31 countries, we trade through multiple channels and ship over 60,000 parcels a day.
We support customers across the product life cycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimising inventory in the maintenance phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money.
RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2022 reported revenue of £2,554 million.
SA Department of Communications and Digital Technologies Partners With Africa Tech Festival 2024, Hosts Exclusive Ministerial Summit
Informa Tech, organisers of the 27th annual Africa Tech Festival (www.AfricaTechFestival.com) 2024, are pleased to announce that the South African Department of Communications and Digital Technologies (DCDT) will be an official partner of this year's event, taking place from 12 to 14 November in Cape Town.
Incorporating AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town, Africa Tech Festival 2024 will welcome 15,000 visitors, over 400 speakers, and more than 300 exhibitors. Topics include enterprise tech innovation and disruption across key sectors such as artificial intelligence, cybersecurity, cloud and data centres, and green ICT.
“Africa Tech Festival is the largest and most influential telecoms and technology event in Africa, with an audience that spans the entire ICT ecosystem, including trade and other ministries. The partnership with the DCDT is a clear indication of the South African government's commitment to engaging with these key stakeholders from across the continent, opening dialogue, sharing insights, and working together to advance Africa's digital transformation journey,” said Informa's James Williams, Event Director of Africa Tech Festival.
One of the highlights of the partnership is the AfricaCom 2024 Ministerial Summit, a closed-door VIP event bringing together close to a dozen African and international ministers from across critical sectors such as ICT, innovation, trade, finance, education, and enterprise. The Ministerial Summit will provide government leaders with a platform that facilitates discussion, collaboration, and sharing of learnings on how progressive policy is nurturing tech ecosystems, building efficient workforces, unlocking technological innovation across public and enterprise sectors, and driving Africa's socioeconomic development.
Another initiative that forms part of the partnership is an exclusive government pavilion at which a small group of top South African businesses, SMEs, and startups will be hosted, again reflecting top-tier support for businesses that are contributing to the country's technology-driven agenda.
“The importance of collaborative efforts and partnerships in realising our goal of a connected and digitally transformed society cannot be overemphasised. The Africa Tech Festival presents such platform for different innovative minds to come together to explore and exchange tech solutions for Africa and the rest of the world. This global platform will not only afford us an opportunity to learn best practices but also afford our SMEs to market their innovative solutions to the more than 15 000 visitors from across the globe. We are committed to ensuring that Africa does not become a mere consumer of digital solutions developed elsewhere but a meaningful participant in the digital economy by being a supplier of solutions and infrastructure that are tried and tested in our shores. We are looking forward to welcoming the world to our shores.” said Ms Nonkqubela Jordan-Dyani, Director-General of the Department of Communications and Digital Technologies.
The introduction of the Ministerial Summit, along with the official endorsement of the event by the DCDT, add significantly to the depth of Africa Tech Festival. In addition to showcasing the immensely innovative nature of the industry, the event is also a targeted networking platform for tech leaders, role-players, and investors to make a positive contribution to Africa's successful navigation of a tech-driven future.
Confirmed Africa Tech Festival 2024 speakers include:
- Faith Burn, Chief Information Officer, Eskom Holdings SOC
- Funke Opeke, CEO, MainOne
- Kerissa Varma, CISO, Vodacom Group
- Leo Skarlatos, CEO, AT (formerly Airtel Tigo)
- Mary Mahuma, CIO, Southern Africa, Philip Morris
- Motunrayo Opayinka, Founder and CEO, Womenovate
- Nollie Maoto, Chief Data and Analytics Officer – Merchant Services, FNB South Africa
- Norbert Prihoda, Deputy CEO, Tunisie Telecom
- Prasanna Kumar Burri, Group Chief Information Officer, Dangote Group
- Samwel Magesa, Chief Data Officer, NBC Bank
- Simbah Mutasa, Managing Director, Bank of America
- Sithembile Songo, CISO, Eskom Holdings SOC
- Hon. Solly Malatsi, Minister, Ministry of Communications and Digital Technologies, The Republic of South Africa
- Hon. Rose Pola Pricemou, Minister, Ministry of Posts, Telecommunications and Digital Economy, Republic of Guinea
- Sitoyo Lopokoiyit, CEO, M-Pesa
- Brelotte Ba, Deputy CEO of Orange Middle East and Africa, Orange
- Hazem Metwally, CEO, e& Egypt (etisalat)
- Christian Bombrun, Group CEO: Digital Platforms, MTN Group
- Faith Burn, Chief Information Officer, Eskom Holdings SOC
- Funke Opeke, CEO, MainOne
- Thomas Dohmke, CEO, GitHub
- Alex Okosi, Managing Director, Africa, Google
- Hardy Pemhiwa, President & Group CEO, Cassava Technologies
- Morgane Imbert, CEO (South Africa), Jumia
Register now to secure your spot and join us in shaping the future of technology in Africa: https://AfricaTechFestival.com/
Distributed by APO Group on behalf of Africa Tech Festival.
About Africa Tech Festival:
Africa Tech Festival, including anchor events AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town is part of the Informa Tech Connecting Africa event series.
A vibrant celebration of Africa's diverse community of tech champions, Africa Tech Festival is the largest tech and digital connectivity conference and exhibition in Africa, attracting hundreds of exhibitors, more than 400 speakers and more than 15,000 delegates.
Sungrow Wins 2024 Red Dot Design Award for Its Isolarcloud
Sungrow, a global leader in photovoltaic (PV) inverters and energy storage systems, proudly announces that it has been honoured with the prestigious 2024 Red Dot Design Award, often referred to as the Oscars of the design world. This accolade is awarded to Sungrow’s intelligent energy management platform, iSolarCloud. The innovative app empowers South African homeowners …
Leading Fintech M-KOPA Reaches 5 Million Customers, Unlocking $1.5BN in Credit Across 5 Markets
M-KOPA (https://M-KOPA.com/), a leading emerging market fintech, announced that it has surpassed 5 million customers across Kenya, Uganda, Nigeria, Ghana and South Africa. Two million of these customers have come onboard in the past 15 months.
M-KOPA's innovative model makes affordable smartphones embedded with financial services available to ‘Every Day Earners': the wide majority of African adults who earn their income daily but struggle to afford smartphones and typically fail to qualify for conventional financial services. According to the World Bank, 75% of adults in sub-Saharan Africa remain financially excluded. To date, M-KOPA has supported its customer base with more than US $1.5 billion in financing.
Starting with smartphone access, customers gain entry to the digital economy with an affordable daily repayment model, which fits their daily income and cash flow and makes it easier to manage. By leveraging rich payments data and proprietary AI-driven analytics, M-KOPA builds a credit record for each customer which forms the foundation for a long-term financial relationship for lower cost digital loans, affordable data subscriptions and medical insurance.
According to M-KOPA co-founder and CEO, Jesse Moore: “We are thrilled to welcome our 5 millionth customer to M-KOPA this month. The scale of our operations and our positive impact on customers is what keeps us working hard to go even further. We're just getting started; the opportunity for much larger impact and scale is right in front of us.”
M-KOPA also published its 2024 Impact Report this week, in which the company annually releases its progress against key social and environmental impact metrics. As with prior reports, the 2024 survey of M-KOPA customers was undertaken by a third-party company – Dalberg Research.
Key impact highlights from the 2024 report include:
- 92% confirm that M-KOPA's financing has made technology more affordable.
- 80% of customers report an improved quality of life thanks to M-KOPA's products.
- 70% credit M-KOPA with helping them achieve their financial goals, demonstrating the company's contribution to financial empowerment.
- 62% use their M-KOPA product to generate income
The company is having a major impact in improving digital access in Africa. Nearly 2 million customers are first-time mobile internet users and 40% are women. M-KOPA also built the first and largest smartphone assembly factory in Kenya – which has produced more than 1m phones locally and further reduced the cost of access.
As with prior reports, M-KOPA's board and management use the annual impact report to help shape forward company strategy. Based on this year's findings, M-KOPA is working to further increase its percentage of female customers to 50%, to reduce its carbon footprint by making circularity central to its smartphone supply chain, and to continue pioneering green products like electric motorbikes that contribute to the health and sustainability of the communities where it operates.
M-KOPA's Chief Product Officer Nena Sanderson, notes: “Our product and services build pathways to prosperity for our customers and agents, enabling them to overcome financial setbacks, generate income and progress towards the futures they aspire to. Our impact extends beyond our customers, reaching their families and communities, and contributing to building a more sustainable world.”
Headquartered in London, UK, M-KOPA now creates employment for more than 3,000 staff and 30,000 commission-based sales agents across Kenya, Uganda, Nigeria, Ghana and South Africa. The company has been recognised by the Financial Times as one of Africa's Fastest Growing Companies for the past 3 years, and by Time Magazine as one of the 100 Most Influential Companies globally for the past 2 years.
To read the full report, download it here: M-KOPA Impact Report 2024_Pathways To Progress (http://apo-opa.co/4eguFD2).
Distributed by APO Group on behalf of M-KOPA.
For media enquiries, please contact:
Wimbart
mkopa@wimbart.com
About M-KOPA:
M-KOPA is a UK-headquartered emerging market fintech that provides affordable smartphones and digital financial services. With operations in Nigeria, Ghana, Kenya, South Africa and Uganda, the company has extended over $1.5 billion in credit to more than 5 million customers. Using an innovative financing model based on daily repayments, M-KOPA provides affordable smartphones embedded with financial services that fit with the cash flow of millions of underserved individuals who earn their income on a daily basis.
By leveraging rich payments data and proprietary AI-driven analytics, M-KOPA builds a credit record for each customer which forms the foundation for a long-term financial relationship for digital loans, affordable data subscriptions and insurance.
The company employs over 3,000 staff and 30,000 sales agents across its African markets. M-KOPA has been recognised by the Financial Times as one of Africa's Fastest Growing Companies for the past 3 years, and by Time Magazine as one of the 100 Most Influential Companies globally for the past 2 years.
Let’s be alive to the impact of climate change – Acting President Mashatile
Let’s be alive to the impact of climate change – Acting President Mashatile
As South Africa celebrates Heritage Day, Acting President Paul Mashatile emphasised the need to recognise the growing impact of climate change on the nation's well-being and cultural heritage.
Delivering the keynote address during Heritage Day celebrations in Ficksburg, Free State, Mashatile urged citizens to be mindful of how climate change threatens both livelihoods and cultural traditions.
The Acting President expressed his honour in addressing the nation on Heritage Day but noted that celebrations were overshadowed by severe weather affecting parts of KwaZulu-Natal, the Eastern Cape, and the Free State.
“It is a great honour and privilege to address you at this significant occasion as we celebrate our country’s Heritage Day. Unfortunately, as we were looking forward to this day, some parts of our country, which include Kwa-Zulu Natal, Eastern Cape and Free State, were impacted by severe weather conditions, exacerbated by climate change.
“In celebrating our heritage, we must be alive to the impact of climate change on not only our wellbeing, but also on our culture. Extreme weather conditions such as those witnessed over the past few days affect some of our cultural and heritage sites, therefore undermining our national goals to protect and preserve our culture for generations to come,” he said.
Mashatile expressed empathy for those affected by the recent extreme weather events in parts of South Africa.
“We empathise with those who were affected by the widespread extreme weather. We would also like to commend Minister of Cooperative Governance and Traditional Affairs, and Government Departments for their prompt and robust multi-sectoral response. Additionally, we commend the provinces that were impacted for their prompt activation of their disaster response structures,” the Acting President said.
He said the response teams led by NATJOINTS remain on standby to respond to any eventualities and continue to assist affected communities.
“Even while these teams are committed to helping and saving those in need, we nonetheless ask that our people exercise caution and pay close attention to any warnings issued by the South African Weather Service.
“These meteorological conditions emphasise even more how important it is to increase our investments in technology that may improve weather predictions.
“We can save lives by providing early warnings of storms, heat waves, and disasters. Our sincere condolences to the families of those who have lost their loved ones,” he said.
The Acting President urged the Department of Sports, Arts and Culture to explore policy considerations concerning the impact of climate change on the nation’s historical heritage, but also provide direction on how best the country can preserve the national identity in this era of multiple global challenges. – SAnews.gov.za
DikelediM
Tue, 09/24/2024 - 14:36
45 views
President Ramaphosa urges US business to invest in SA’s growing economy
President Ramaphosa urges US business to invest in SA’s growing economy
President Cyril Ramaphosa has called on US businesses to deepen their investment ties with South Africa, highlighting the country's renewed focus on economic recovery and structural reform.
Speaking at the SA-US Interactive Business Forum in New York on Monday, the President emphasised the progress made under South Africa's Government of National Unity (GNU) and the vast opportunities available to foreign investors.
He said this is a “timely intervention”, referencing his first visit to the US since South Africa's general elections in May, which led to a coalition government of political parties committed to inclusive growth and job creation.
“The advent of the Government of National Unity has renewed investor optimism in the South African economy. The message I bring to US investors today is that this optimism is well-placed.
“South Africa is firmly on the road to recovery, and we invite you to be part of this journey. Investments in South Africa are secure. Our business environment is stable. This is supported policy certainty and regulatory safeguards,” the President said.
He added that South Africa intends to stay the course on the structural economic reform process, on scaling up investment in key infrastructure, and on improving the business operating environment.
The President noted South Africa’s success in attracting investment, revealing that the country had achieved its target of raising R1.2 trillion (approximately USD 63.6 billion) ahead of schedule in 2022.
“We have announced a new target of approximately R2 trillion or approximately USD 100 billion over the next five-year period up to 2028.
“The far-reaching structural reforms we have implemented over the past six years have opened up the country to increased levels of investment that continues to grow,” the President said.
Ramaphosa particularly underscored the potential in the clean energy sector, which has attracted significant investment, supporting South Africa’s commitment to decarbonisation and energy security.
"We are equally committed to a Just Energy Transition that is inclusive, that take our developmental needs into account, and that leaves no community behind.
“We have a supportive and enabling industrial policy that incorporates amongst others expanding the special economic zones, driving export-led growth, and harnessing the potential of the Africa Continental Free Trade Area or AfCFTA. In January 2024 we began preferential trading under the AfCFTA,” he said.
The President emphasised that the Government of National Unity is furthermore committed to prudent monetary and fiscal policy and to strengthening regulatory and legislative frameworks to combat corruption.
The President also highlighted the importance of strategic partnerships with US businesses, especially in sectors like advanced manufacturing, energy, healthcare, and infrastructure.
“South Africa and Africa is ripe for investment in financial services, advanced manufacturing, energy, healthcare, infrastructure development, mining, science and technology and other sectors. South Africa is also developing the value chains of the future.
“With substantial reserves of critical energy transition minerals, we are positioning ourselves to be at the forefront of the green energy revolution,” he said.
He added that as the country with the world’s largest platinum group metal reserves, South Africa has a competitive advantage when it comes to the production of sustainable energy technologies, including electric vehicles, new energy vehicles and renewable energy components.
President Ramaphosa praised the collaboration between the New York Stock Exchange (NYSE) and Johannesburg Stock Exchange (JSE), following the 2022 Memorandum of Understanding. He stated that the partnership between the two stock exchanges “promotes cross-border investment and drives economic growth on a global scale.”
The President further highlighted the US as one of South Africa’s most valued trade partners, noting that bilateral trade totalled USD 17.6 billion in 2022.
He also praised the impact of the African Growth and Opportunity Act (AGOA) in fostering trade and creating jobs in sectors like automotive, agriculture, and precious metals.
With Africa's population expected to reach 2.5 billion by 2050, President Ramaphosa painted a bright picture of the continent's economic prospects, noting that the African Continental Free Trade Area (AfCFTA) would "drive a wave of industrialisation and create dynamic regional value chains."
“This too presents opportunities for US businesses and investors, and opens up new markets for their goods, products and services.
“Mutually beneficial trade and investment not only unlocks the dynamism and potential of an entire continent. It will also aid Africa’s efforts to achieve the Sustainable Development Goals,” the President said.
In closing, President Ramaphosa reassured investors of the stability and security of investments in South Africa.
“South Africa is open for business. Sustainable and inclusive growth spurs development and creates jobs.
“Together, we can forge a path to shared success and progress, leveraging our combined strengths to achieve enduring prosperity for our people,” the President said. – SAnews.gov.za
DikelediM
Tue, 09/24/2024 - 11:01
179 views
Understanding How Competitors Build Their Websites to Improve Your Strategy
The way a competitor’s website is built reveals more than just technical decisions; it offers a window into their overall business strategy. By examining the platforms, plugins, and tools they use, you can gain valuable insights to enhance your own digital strategy. Whether your focus is on SEO, user experience, or performance optimisation, understanding the …
Man Up This Prostate Cancer Awareness Month – Get a Free PSA Test
Prostate cancer is the most common cancer affecting South African men (CANSA), with death rates soaring 51,5% from 2008 to 2018, and a lifetime risk of 1 in 15. White males have the highest incidence rates, but coloured and black African men suffer the highest mortality, underscoring disparities in detection and treatment. PSA tests are …
African leaders meet on Mpox
African leaders meet on Mpox
President Cyril Ramaphosa says as the continent tackles Mpox, Africa needs to learn from the COVID-19 pandemic.
“We need to ensure equitable distribution of medical countermeasures based on transparent criteria and readiness to initiate vaccination. We ask Africa Centres for Disease Control and Prevention (Africa CDC) to lead the consultation with member states to ensure equitable distribution of vaccines and other medical countermeasures,” said the President.
He was delivering South Africa’s statement at the African Union Heads of State virtual meeting on Mpox on Sunday.
“We need a finance plan that is evidence-based, with sound forecasting of needs. The Africa CDC mandate on data sharing is the bedrock of global health security. This will help to ensure that public health threats are detected and shared across borders and with other continental and global stakeholders,” said the President.
He said countries would only be able to effectively mobilise and direct funds if supported by reliable data.
“We call on all African countries to make use of this instrumental system that has been created by our own institution. We call for the urgent operationalisation of the Africa Epidemic Fund as the primary vehicle for epidemic response financial management.”
He said as with COVID-19, Africa is still struggling to get the Mpox vaccine and treatment.
The President said the continent needs to manufacture Mpox vaccines in Africa to reduce costs and improve access.
“We must co-develop these medical countermeasures, share intellectual property and ensure technology transfer. In this regard, we welcome the agreement between Africa CDC and Bavarian Nordic to transfer the Mpox vaccine technology to African manufacturers,” he said.
With the financial support from the Coalition for Epidemic Preparedness, the African Vaccine Manufacturing Accelerator, Afreximbank, the European Union and other partners, President Ramaphosa said the continent should be able to start vaccine manufacturing by 2025.
“In the meantime, we appreciate the support from a number of countries to get vaccines in Africa.
“The COVID-19 experience taught us that we need predictable demand and off-take guarantees for the vaccines, medicines and diagnostics manufactured in Africa. African countries should therefore buy vaccines and other health products manufactured in Africa to ensure sustainable manufacturing on our continent.”
He said this could be achieved through the African Pooled Procurement Mechanism.
Surveillance systems must be enhanced and healthcare delivery and infrastructure strengthened.
“We must ensure that frontline health workers have the necessary diagnostic tools, vaccines and antiviral treatments. We need tested public health messages that promote awareness and prevention.
“Beyond the targeted vaccination responses to outbreaks, we should explore the feasibility of continuing vaccinations in high-risk populations. This dual approach will help create a buffer against future outbreaks and protect our most vulnerable communities,” he said.
The World Health Organisation (WHO) has declared Mpox as a Public Health Emergency of International Concern.
The President commended the fact that Africa CDC had partnered with the WHO, UNICEF and other partners to develop the Mpox continental preparedness and response plan and to build, for the first time in Africa, one Continental Incident Management Team.
The total number of positive cases recorded in South Africa since the outbreak in May this year stands at 25 cases, including three deaths. Twelve of these were reported in Gauteng, 11 reported in KwaZulu-Natal and two in the Western Cape.
Africa CDC has signed a partnership agreement with the European Commission’s Health Emergency Preparedness and Response Authority (HERA) and Bavarian Nordic to provide over 215 000 doses of the MVA-BN vaccine.
Africa CDC will oversee the equitable distribution of these vaccines, prioritising local needs across the affected member states. – SAnews.gov.za
Janine
Mon, 09/23/2024 - 11:17
760 views
Celebrating This Year’s 25 Under 40 Energy Women Rising Stars
As Africa's energy sector continues to grow, a new generation of women is breaking barriers and redefining leadership in this critical industry. The African Energy Chamber (AEC) (www.EnergyChamber.org) proudly announces the 2024 edition of the 25 Under 40 Energy Women Rising Stars – a group of outstanding individuals whose innovation, perseverance and passion are transforming the landscape of African energy. These trailblazers are not only reshaping a traditionally male-dominated field but are also playing a vital role in the journey to end energy poverty by 2030. The AEC proudly honors these women as they lead the charge toward a more sustainable and equitable energy future.
In alphabetical order:
Amena Bakr, Senior Research Analyst, Energy Intelligence
Amena Bakr is a Senior Research Analyst at Energy Intelligence. Specializing in the energy transition, corporate strategy and market analysis, Bakr leads insights on oil markets, OPEC policies and political trends in the Middle East and Gulf Arab region. Her previous roles include Chief OPEC Correspondent and Dubai Deputy Bureau Chief, where she earned accolades such as the OPEC Award for Best Journalist and the IAEE Excellence in Written Journalism Award. Bakr holds a BA in Business Administration from the Arab Academy for Science, Technology & Maritime Transport, Egypt.
Amoetsoe Mkwena, Senior Associate, Watson Farley & Williams (Middle East)
Amoetsoe Mkwena is a Senior Associate at Watson Farley & Williams, specializing in energy and infrastructure with a focus on Africa. She advises on international projects, including the $15 billion Simandou project in Guinea. Mkwena's expertise includes power, renewables, oil and gas, and mining. Her legal skills and ability to bridge cultural divides make her a key player in Africa's energy sector.
Asha Amani, General Manager, INTERAFCON
Asha Amani is the General Manager at INTERAFCON, where she blends strategy and leadership to drive growth in complex energy projects. With seven years in Industrial Engineering and five years in the energy sector, Amani excels in business strategy, opportunity identification and project management. Her previous role as a Business Development Consultant at Tetco Consulting focused on delivering tailored solutions for the energy, engineering, and construction sectors.
Blandine Biaou, Geological Engineer, Head of Research and Prospection Department, SNH-Benin
Blandine Biaou, Head of the Research and Prospection Department at SNH-Benin, specializes in hydrocarbon exploration. She has optimized Benin's energy sector through resource management and contract revisions. Biaou has developed a modern data center and interactive database, contributing to national projects and representing Benin in international conferences, positioning it as a hydrocarbon hub.
Charné Hollands, Deputy Editor, Energy Capital & Power
Charné Hollands is the Deputy Editor at Energy Capital & Power, the leading investment platform for the African energy sector. She produces content on the entire energy value chain in Africa, with a focus on oil, gas, renewable energy and energy policy. Hollands holds a Master's in Media Studies from the University of Cape Town and has co-authored African Energy Chamber: Road to Recovery.
Emokiniovo Dafe-Akpedeye, Managing Partner, Compos Mentis Legal Practitioners
Emokiniovo Dafe-Akpedeye, a leading dispute resolution lawyer, specializes in complex oil and gas cases. She has represented Shell Petroleum and serves as company secretary for the Ebendo Host Community Trust Board. With degrees from Oxford and Bristol, she shapes oil and gas law and is implementing digital solutions to streamline board operations.
Fatimat Adenike Olanrewaju, General Field Engineer, SLB
Fatimat Adenike Olanrewaju, a Chemical Engineering graduate, is a General Field Engineer at SLB, focusing on wellhead installations and emissions reduction. She excels in a male-dominated field and leads community service through SLB's SEED initiative, advocating for gender diversity and mentoring.
Gracia Munganga, Senior Technical Advisory, ABT Global
With a Master's degree in Chemical Engineering from the University of Cape Town, Gracia oversees operations for the company, which has been designing and commissioning solar PV systems across sub-Saharan Africa since 2018. Her career includes roles at GreenCape, Anaergia Africa, the Climate Innovation Centre South Africa (CIC-SA), and the Carbon Trust.
Ifeoma Adeoye, CEO, IMSE Energy Resources Limited
Ifeoma Adeoye, CEO of IMSE Energy Resources Limited, leads the company in EPCI services and innovative crude evacuation technology. A graduate of the University of Manchester and Warwick, she also founded Business Nest Investments and BNI Insurance Brokers Limited, to empower and protect people and businesses through microfinance and insurance.
Jamilla Massamba, Health Safety and Environment Manager, SLB Congo
Jamilla Massamba, Health, Safety & Environment Manager at SLB Congo, leads HSE initiatives across Africa. With a Master's in Environmental Management Sciences, she has conducted over 100 audits and received awards for her work. Massamba also mentors young women in STEM and leads green energy projects.
Janice Faria, CEO, Enagol: Energias de Angola
As CEO of Enagol, Janice Faria has elevated the company's national and international profile. Under her leadership, Enagol competes globally and services International Oil Companies, setting a precedent for local enterprises in the global market.
Jocelyne Machevo, Communication, Commercial & Marketing Manager, Vivo Energy Mozambique
Jocelyne Machevo, formerly with Eni Mozambique, played a key role in the Coral FLNG Project and led the company's local brand transformation. Now at Vivo Energy Mozambique, she focuses on energy transition and decarbonization projects.
Lilian Kamanja, Electrical Engineer, Kenya Power
Lilian Kamanja is a Renewable Energy Specialist at Kenya Power with over nine years of experience in electrical engineering, network operations, and renewable energy development. She holds a BSc from the University of Nairobi and an M.Tech from IIT Delhi, focusing on renewable energy projects that enhance power accessibility and reliability.
Kanni Touray, Deputy Director General, Petroleum Commission, The Gambia
Kanni Touray, The Gambia's youngest and first female Deputy Director General at the Petroleum Commission, has enhanced the organization's efficiency and visibility. She champions sustainable development and energy transition, positioning The Gambia as a growing player in the global energy market.
Lizette Bouddhou, Human Resources Manager, SLB Congo and Gabon SLB
Lizette Bouddhou, HR Manager at SLB Congo and Gabon, drives diversity and workforce development. She leads recruitment and training initiatives, boosts employee engagement, and advances community outreach through educational partnerships, supporting women in STEM.
Maggie Mutesi, Managing Editor, Mansa Media
Maggie Mutesi is the Managing Editor at Mansa Media, with over 15 years of experience in major media outlets including CNN, BBC and CNBC. Her reporting spans over 30 African countries, focusing on trade and investments. At the BBC, she managed BBC Africa's daily live program, Money Daily. Mutesi has also extensively covered the Africa Continental Free Trade Agreement, working with the African Union and Afrochampions Initiative to enhance awareness among Africa's private sector.
Marilia Sitoe, Subsea Engineer, Eni Rovuma Basin
Marilia Sitoe, a Subsea Engineer at Eni Rovuma Basin, focuses on optimizing Mozambique's gas sector. Her work includes deep-water gas production and subsea infrastructure for Coral South FLNG. Sitoe's research supports Mozambique's economic growth and sustainability goals.
Mervin Azeta, Engineer, SLB
Mervin Azeta, a leader at SLB, has advanced from field engineer to corporate strategist. Recognized for her impact on African communities and the global industry, she is active in non-profit boards and connects young Africans with top leaders, fostering learning and inspiration.
Munolwisho Elizabeth Ipangelwa, Green Hydrogen Advisor, GIZ
Munolwisho Elizabeth Ipangelwa, Green Hydrogen Advisor at GIZ, advocates for women in oil and gas and green hydrogen development in Namibia. She has educated over 200 Namibians and leads green industrialization studies to boost local industries and reduce youth unemployment.
Ozioma Agu, Partner, Stren & Blan Partners
Ozioma Agu, a Partner at Stren & Blan Partners, excels in high-profile energy and infrastructure transactions. Her work includes advising on Mobil and Shell divestments and renewable projects. Agu has earned awards for her expertise in oil and gas and green hydrogen.
Pauline Murari, Contracts Manager SLB Angola, Central and East Africa
Pauline Murari, Contracts Manager at SLB, is known for her negotiation skills and leadership. She has driven growth in SLB's regional portfolio and contributed to projects like the East African Crude Oil Pipeline. Murari supports STEM education and local development.
Pearl Enyam Akosua Akude, Business Line Job Delivery Lead, SLB
Pearl Enyam Akosua Akude, with over 35 wells drilled, is a leader in the energy sector. She handles complex projects, trains engineers, and has contributed to innovations like TerraSphere and Net Zero Development in Africa, impacting the region's energy landscape.
Rita Bagaine Kagoro, Talent Acquisition Manager SLB: Angola, Central and East Africa
Rita Bagaine Kagoro, a Ugandan Petroleum Engineer, has seven years of experience and holds degrees from China University of Petroleum and Delft University of Technology. Her roles include Measurements and Logging While Drilling Engineer and Drilling Product Engineer. Kagoro has innovated drilling technologies to enhance efficiency and reduce CO2 emissions. She is passionate about leadership, mentorship, and advocating for diversity in hiring and women in energy.
Tania Silva, CEO, Angola LNG Marketing
Tânia Silva is the CEO of Angola LNG Marketing, the company's first female and youngest CEO. She oversees LNG sales, liquids contracts, and the shipping fleet. Previously, Silva was Head of Non-Operated Assets at Sonangol Gás e Energias Renováveis, S.A., where she managed non-operated assets and contributed to renewable energy projects. Her career is marked by leadership and innovation in the energy sector.
Tokollo Matsabu, Women Leader in Energy & Climate Fellow, Atlantic Council
Tokollo Matsabu is a 2024 Women Leaders in Energy and Climate Fellow and Director at Patlong Advisory, a consulting firm focused on energy programs and carbon sequestration in Africa. She is pursuing an MS in Global Energy and Climate Policy at the University of London's School of Oriental & African Studies, with a focus on critical minerals. Matsabu has a background in financial journalism and has conducted risk analyses for various stakeholders in the Global South. She holds a Bachelor's degree in International Relations, Media and Writing from the University of Cape Town.
Distributed by APO Group on behalf of African Energy Chamber.
Liugong Green Alliance Celebrates the Completion of Solar-Powered Water Well at Mabeskraal Stadium Donated to Moses Kotane
Location: Mabeskraal Stadium, North West Province, South Africa LiuGong Machinery, a global leader in construction machinery, is proud to announce the successful completion of its latest water well project at Mabeskraal Stadium in the Northwest Province. This initiative, part of the broader LiuGong Green Alliance, is a significant step forward in addressing the water scarcity …
Financial Services Sector Calling Out for Clear Line of Sight on AI, ESG Regulatory Horizon
Businesses say the lack of clarity around ESG and AI regulation is a key challenge to realising the benefits of technology and innovation; Despite recognising the business opportunity with AI, as firms opt to bring in suppliers rather than recruiting in-house specialists, they may be left without the internal talent - risking falling behind the curve in the future.
New survey data from global law firm, DLA Piper, has shown that the Financial Services (FS) sector is calling out for clearer and proportionate regulations surrounding AI and ESG to help them realise the benefits these trends offer.
In its global report - Financial Futures: Disruption in global financial services (https://apo-opa.co/3zhzr4e), published today, the firm found that eight in ten respondents are optimistic about future industry growth prospects for the financial services industry. UK and US organisations reported the highest confidence (93% and 90% respectively) with Africa remaining more cautious (50%).
Amongst organisation types, the research finds that banks are the most optimistic (88%), with optimism being driven by digitalisation and advancements in technology. Respondents from global FinTechs however, are feeling the least positive (72%).
The high levels of optimism are being attributed to advancements in technology (71%), the launch of new products and services to drive growth (55%) and changing consumer and investor behaviours (38%).
However, clarity and a proportionate approach is key as 58% of respondents cite regulation complexity around technology as a key challenge globally, and nearly three quarters (73%) go on to say that current regulations stifle innovation efforts.
For those looking at other locations for optimal conditions for growth , the US is seen as the most attractive market (35%), followed by the EU (24%). South African and Middle Eastern respondents are the most optimistic for the positive impact AI will bring (72%, and 64% respectively), highlighting an appetite for investment, despite apparent lower levels of confidence in the local market.
AI and Digitalisation will transform the financial services sector, but businesses need a plan
Whilst the majority of respondents (86%) believe that AI will transform the sector, half (53%) see AI as one of their main challenges- even so, only four in ten (both 39%) are committed to hiring experts in the field of AI and imposing governance /oversight structures to maximise the related opportunities; and half of the companies surveyed lack in-house specialists and are opting to work with specialist subcontractors.
Without this internal talent, businesses risk falling behind the curve in the future.
Ethical AI concerns are highly documented, yet only 56% of the organisations surveyed are developing ethical frameworks to guide their efforts. Without an ethical framework in place, businesses put themselves at risk of not meeting stakeholder, customer and board demands around AI deployments. It is vital for businesses to have a clear plan and direction in place before they start their AI journey.
Despite not having frameworks to use, businesses report a clear understanding of the benefits AI can offer, such as managing regulatory compliance (63%); followed by fraud detection and prevention (62%). A fifth (21%) of businesses are worried about compliance issues as they look to manage the cyber security and data protection risks associated with AI.
The importance of ESG cannot be understated
As businesses grapple with changing ESG regulations across multiple jurisdictions, nearly (46%) half of businesses globally have ambitions to position themselves as a leader and innovator on sustainability and ESG.
The appetite to drive ESG agendas forward is clear, but businesses report concerns on achieving their goals - over half of respondents (56%) would like to see more ESG regulation to support them in meeting their objectives, and 43%% want to understand the current regulations better.
Businesses seem clear on the ESG challenges they need to navigate, with half stating that the reputational risk of ESG positioning is their biggest challenge, followed by integration of ESG throughout the business (47%). Businesses also ranked accurate reporting as a challenge which they are struggling to address.
The negative external reputational risk of not complying with and need to comply with regulations are the biggest drivers for firms to engage in ESG activities (70% and 52% respectively). However, pressure from shareholders and senior management ranked lowest at 36% and 34% respectively.
As the sector engages with ESG activities, almost 6 in ten (57%) plan to develop new ESG-focused products and services, and half are developing new technologies, yet staff development and training to optimise ESG efforts remains low on the agenda (17%).
Almost half of the sector has ambitions to position their business as an ESG leader, whilst a third (34%) plan to replicate successful approaches by their peers. Not all organisations are so proactive - A fifth (19%) will wait until stakeholders and customers demand an approach, before making any decision.
Mark Dwyer Global Co-Chair of the firm's Financial Services sector group at DLA Piper commented: "While our survey shows a high level of optimism within the financial services sector, our research reveals a need for FS organisations to go further in planning around resourcing and regulatory horizon scanning in order to navigate the opportunities that AI and other new technologies offer.
"It is clear that ESG factors are driving changes to activity in financial markets; from financing the enormous capital requirements for transition, to ensuring accurate reporting of environmental, social and governance metrics to facilitate choice for investors and supervision and stress-testing by regulators. It is therefore vital that leaders take note of the challenges and opportunities presented by ESG and define a clear plan. Both ESG and innovation will be key to business success long into the future."
Johannes Gouws, Country Managing Partner, DLA Piper South Africa added: "In light of the challenges our report identifies, financial services organisations are placing a higher focus on horizon scanning, as well as mapping out global regulatory implications. Balancing adequate and over-regulation in developing markets is always challenging. However, it is crucial for regulations in African markets to keep pace with international developments in order to limit regulatory arbitrage and protect the sector's integrity. Proportionate regulation in the sector is key, and can be a competitive advantage in attracting business and investment. With DLA Piper's pan-African and global reach, we can help clients to simplify their cross-border challenges whilst supporting their resilience in the face of constantly changing risks."
Distributed by APO Group on behalf of DLA Piper.
Notes to editors:
DLA Piper commissioned Coleman Parkes Research to canvass views of key decision-makers in global financial services organisations across the EMEA and APAC regions and North America. Nearly 800 interviews were conducted online in March and April 2024 with executives in key businesses across banking, funds and fund managers, fintech and financial services market infrastructure firms with revenues from USD1 million.
Contact:
Suraj Mashru
Senior PR Manager (UK & International), DLA Piper
+44 (0) 207 153 2617
Suraj.Mashru@dlapiper.com
About DLA Piper
DLA Piper is a global law firm helping our clients achieve their goals wherever they do business. Our pursuit of innovation has transformed our delivery of legal services (https://apo-opa.co/3MPSGou). With offices in the Americas, Europe, the Middle East, Africa and Asia Pacific (https://apo-opa.co/4dczEU6), we deliver exceptional outcomes on cross-border projects, critical transactions and high-stakes disputes.
Every day we help trailblazing organizations seize business opportunities and successfully manage growth and change at speed. Through our pro bono (https://apo-opa.co/3BkLxde) and sustainability (https://apo-opa.co/4djCiHE) work, we support communities around the world and help create a more just and sustainable future. Visit www.DLAPiper.com to discover more.
Isilumko Staffing Launches Comprehensive Diversity and Inclusion Initiative to Foster Equitable Hiring Practices
Isilumko Staffing, a leading recruitment agency in South Africa, has announced the launch of a comprehensive Diversity and Inclusion (D&I) initiative aimed at promoting equitable hiring practices across various industries. This strategic move aligns with the company’s core values of integrity, ownership, and positive contribution while supporting clients in building diverse, high-performing teams. Initiative Overview …
OneTap Loyalty? Technology Receives Global Investment, Launches New UK Based Company, OneTap Group Ltd.
An innovative payments and loyalty solution to expanding to a global market. Industry giants, Brian Dunne, based in the UK, and Debbie Ghillino, based in South Africa were so impressed with the value proposition and the potential of the technology created by Australian based Elevate Loyalty Pty Ltd, they have invested and joined forces to …
Lamola concludes successful working visit to the US
Lamola concludes successful working visit to the US
International Relations and Cooperation Minister, Ronald Lamola, has successfully concluded his productive weeklong working visit to Washington D.C. in the United States of America (USA).
During his visit, he met with important stakeholders, such as the House of Representatives Subcommittee on Africa, the Congressional Black Caucus, the US Chamber of Commerce, and various bipartisan think tanks.
Lamola emphasised the importance of the dynamic and evolving relationship between South Africa and the United States.
“He expressed optimism about the potential for continued frank engagements on geopolitical matters based on mutual respect and identified areas for cooperation.
“Moving forward, efforts to sustain important engagements regularly in a structured system will be explored at a high political level,” a statement from the Department of the International Relations and Cooperation (DIRCO) read.
READ | Lamola embarks on a working visit to the United States
According to the department, the Minister highlighted the mutually beneficial nature of bilateral trade relations, with an emphasis on how moving forward, these relations can support South Africa’s goals of achieving rapid, inclusive and sustainable economic growth, job creation, poverty alleviation and a just society.
South Africa enjoys strategic relations with the USA and has strong political, economic, and social ties.
According to the department, bilateral cooperation with the United States covers various issues aligned with South Africa’s domestic priorities and the National Development Plan (NDP).
America is also the leading source of foreign direct investment, a market for value-added exports and agri-products, technology transfer, development assistance, investment finance, skills development, and tourism for South Africa.
The department believes that these investments make a significant contribution to supporting government efforts to reduce poverty, unemployment and inequality. – SAnews.gov.za
Gabisile
Thu, 09/19/2024 - 15:15
243 views
Gender equality is contingent on women’s economic development
Gender equality is contingent on women's economic development
Department of Women, Youth and Persons with Disabilities Director-General, Advocate Mikateko Maluleke, says gender equality is contingent on women's economic development and financial independence.
“Worldwide, history and research has demonstrated that women’s economic empowerment increases their access to economic resources and opportunities including jobs, financial services, property and other productive assets, skills development and market information,” Maluleke said.
She highlighted that for South Africa, this outlook has translated itself in vast areas of development where women are taking the reins and actively contributing to their country’s development agenda.
“South Africa’s economic empowerment mechanisms for promoting the status of women, fully utilising government resources and effectively mobilising social resources lays an important foundation in the promotion of gender equality and women’s development,” Maluleke said.
The DG was speaking on Thursday at the Women for Social Progression session held during the BRICS Women’s Forum currently underway in St. Petersburg, Russia.
The Eurasian Women’s Forum is an influential international platform that enables women leaders from all continents to engage in dialogue and adopt joint decisions on key issues concerning international cooperation, sustainable economic development, the assimilation of new technologies, a healthy lifestyle, environmental safety, and the promotion of social charitable projects.
Maluleke pointed out that shared commitment across all sectors to support, grow, empower, and recognise women leaders not only promotes fairness, but it also improves the performance of state companies and organisations.
She said empowered, inspired, and developed women are critical to improving any country’s global competitiveness and “this is equally the legacy that will be passed over to future generations”.
“Gender equality and empowered women are catalysts for multiplying development efforts and positively positioning the competitiveness of countries as an attractive investment destination.
“Women are architects of society and are revered for their strength in building the family unit and homes, as well as their contributions to the communities, societies and nations,” Maluleke said. She emphasised the importance of integrating digital technologies into all areas of business, changing how economic and social activities are conducted.
While digital technology can bring tremendous opportunities, Maluleke acknowledged that it can also widen socioeconomic gaps for those who lack internet connectivity, affordable devices, or the skills to benefit from digital services.
She said vulnerable people and groups who do not have training in digital skills are equally more susceptible to online risks including fraud, data disclosure, identify theft and cyberbullying.
Maluleke also noted that while the digitalisation of social protection presents immense opportunities for delivering welfare services more efficiently and effectively, it also raises critical challenges related to data protection, data poverty, and bias and discrimination.
“Protecting sensitive data, ensuring privacy through consent, and minimising surveillance risks are crucial for maintaining trust and upholding individual rights. Addressing the digital divide and providing alternative methods for inclusion will ensure that vulnerable groups are not left behind in the transition to digital systems,” the Director-General said. – SAnews.gov.za
GabiK
Thu, 09/19/2024 - 14:27
24 views
Reliance on Social Media for News Makes Africans Vulnerable to Disinformation, Survey Finds
A recent survey across Africa by KnowBe4 (www.KnowBe4.com) reveals that 84% of respondents rely on social media as their primary news source, with 80% favouring Facebook; This heavy dependence on social platforms for information is concerning, particularly as disinformation continues to rise.
With 19 African countries set to hold elections in 2024 and numerous political campaigns underway, worries about misinformation (unintentionally shared false information) and disinformation (deliberately spread fake news) are mounting. The Africa Centre for Strategic Studies (http://apo-opa.co/3Bj92mY) reports that disinformation campaigns in Africa have quadrupled since 2022, often backed by foreign states like Russia and China, leading to social instability.
In response to these issues, KnowBe4 conducted a survey in June 2024 on political disinformation and misinformation across five African countries: Botswana, Kenya, Mauritius, Nigeria, and South Africa. The survey, which included 500 respondents, found that the vast majority of users (84%) prefer social media for news consumption over traditional channels like radio, TV, and news websites. Anna Collard, SVP Content Strategy and Evangelist at KnowBe4 AFRICA, notes, “80% of respondents are consuming news on Facebook and over 50% use TikTok. This is alarming as neither of these channels is very reliable in terms of news.”
The ability to discern fake news may be exaggerated
Another concerning finding is that 82% of respondents feel confident in their ability to distinguish between true and false information online, despite a generally low level of formal education on the topic. Collard comments, “While most respondents reported being able to tell the difference between real and fake news, I doubt this is the case. Other research (http://apo-opa.co/4di3hDj) has shown that most people overestimate their ability to detect deepfakes, and ironically, more people trust AI-generated images than actual photographs.”
The survey also revealed that disinformation is becoming a significant concern for many. 80% of respondents expressed high levels of worry about the negative impact of fake news and its potential to cause social division. “In Kenya, many respondents said they had seen firsthand how disinformation can lead to tribal conflict,” Collard notes.
She further explains that social media influencers using inorganic hashtags fuelled similar political discord during Nigeria's election last year. “Social media's rapid spread of false information and the increasing accessibility of AI tools allow for the quick and cheap creation of sophisticated disinformation campaigns.”
Collard adds, “As we saw when entities disputed the outcome of South Africa's 2024 election, there are individuals motivated to disrupt democracies and act maliciously to create chaos because it serves their own agenda.” Another historic example is the #whiteminoritycapital disinformation campaign (http://apo-opa.co/3XOF1Eu) run by the British PR company Bell Pottinger in 2017 to obfuscate state capture by former SA president Jacob Zuma.
Need for more training and tighter controls
The survey underscores the need for increased education and awareness surrounding misinformation and disinformation. A significant 58% of respondents report having received no training on the topic, while a concerning 32% admit to simply ignoring fake news, highlighting the need for a more proactive and engaged response.
“We need a multi-faceted strategy to combat disinformation,” says Collard. This approach should encompass enhanced awareness and critical thinking among users; coordinated government action to prevent the spread of fake news (including stronger legislation), and increased vigilance from social media platforms in detecting and removing disinformation campaigns.
“Fake news is an ongoing challenge that requires continuous attention,” Collard concludes. “To fight it effectively, we need a combination of new technology, better ways to prevent it, and most importantly, teaching people to consume media while thinking critically, particularly if it is emotionally laden or potentially polarising content. As the digital landscape develops, so too must our strategies for maintaining the integrity of information.”
To read the full 2024 Political Disinformation in Africa report, click here: https://apo-opa.co/3zxqZO7
Distributed by APO Group on behalf of KnowBe4.
South Africa’s Finest Art and the Rise of Online Bidding for Auctions
Art auctions have long been a prominent platform for buying and selling rare, valuable works. Whether you’re an experienced collector or new to the art scene, these events offer an opportunity to acquire pieces that may never be available again. From paintings to sculptures, art auctions span a diverse range of media, ensuring there’s something …
The Evolution of Contemporary Art in South Africa
Contemporary art has been shaped by dynamic societal shifts, technological advancements, and the globalised exchange of ideas. Today, it plays a critical role in exploring cultural identity, political themes, and human emotions, giving both artists and viewers a platform for introspection and dialogue. In the context of South African art, the local scene has …
Court Sets Aside Conviction in Dagga Case
The magistrate had relied on a section of the Drugs and Drug Trafficking Act that was declared unconstitutional almost 30 years ago