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In the era of smart technology, it’s no longer just our phones and watches that are intelligent. Our homes are becoming smarter too, thanks to innovations in smart switches, automatic window shades, electric blinds, and other automated systems. Upgrading your home with these technologies can enhance comfort, increase energy efficiency, and add a touch of …
The Minister of Science, Technology and Innovation, Prof. Blade Nzimande, officially opened the 32nd International Astronomical Union (IAU) General Assembly in Cape Town last night. The Minister addressed 2 000 delegates from the global astronomy community.
The meeting, held every three years, is an opportunity for astronomers to address key topics in contemporary astronomy and assess the latest scientific progress in various specialised areas.
This year's general assembly, under the theme "It's Time for Africa – Ke Nako", will highlight the continent's growing role in the global astronomical community and its contributions to global astronomical research and development, as well as its potential for future contributions.
Africa is home to some of the world's oldest astronomical achievements. Astronomy in Africa began at least 7 000 years ago, with a stone circle known as Nabta Playa in Egypt that predates Stonehenge by 2 000 years.
IAU President, Prof. Debra Elmegreen, in her address to the gathering, emphasised that astronomy was rooted in all cultures and invited broad thoughts about our place in the universe and on our fragile Earth.
"We celebrate the rich history of astronomy in Africa as we present our research, initiate new collaborations, enjoy networking, share astronomy with the public, and explore the local beauty. August is designated as Africa Astronomy Month, an appropriate cap to the Vision 2024 efforts that have united Africans in their preparations to share astronomy with the world," said Elmegreen.
Over two centuries ago, international observational survey work was led by astronomers in Cape Town and this work continues to the present day under the South African Astronomical Observatory.
Among many other telescopes in Africa, Prof. Elmegreen mentioned the High Energy Stereoscopic System (HESS) gamma ray telescope in Namibia, as well as the Southern African Large Telescope (the largest optical telescope in the Southern Hemisphere), the MeerKAT radio astronomy array, and the KELT-South and SuperWASP-South telescopes, all of which are located in South Africa.
Minister Nzimande spoke about how Africa's rich astronomy history continues to inspire, and the role of indigenous astronomy in South Africa's astronomy programmes. He praised the conference organisers for Cosmic Echoes, a Shared Sky indigenous art exhibition.
The Minister highlighted the trailblazing radio astronomy work that began in South Africa in Hartebeeshoek in 1961, in a partnership with NASA.
"Radio astronomy began in South Africa with a 26-metre dish built by NASA and placed in Hartebeesthoek in 1961 as a deep-space ground station used to get data from, and send commands to, many unmanned US space probes going beyond the Earth's orbit. This was later converted into a radio telescope that led to the establishment of the Hartebeesthoek Radio Astronomical Observatory, which is now part of the South African Radio Astronomy Observatory.
"During the democratic era, the MeerKAT was built in Carnarvon as a precursor to the SKA project. The MeerKAT is another amazing achievement on the global science stage, and we wish to thank our international partners, Germany, Italy and China for their contribution to this project.
"We also have a growing gamma-ray astronomy community that actively participates in the HESS initiative," said the Minister.
He added that these strategic interventions had enabled the exponential growth of South African astronomers from 60 (only five of whom were radio astronomers) to about 300 over the last 30 years.
The Minister highlighted that the MeerKAT/SKA project, in particular, offered South Africa an opportunity to contribute to the knowledge economy and the big data revolution through international collaborations and the pursuit of world-class research, driving transformation and human capital development.
The Minister thanked the IAU for giving South Africa the opportunity to host the prestigious IAU General Assembly.
"This gathering reflects the global astronomy community's commitment to advancing research, fostering collaboration, and addressing contemporary challenges in astronomy and those faced by humanity," concluded the Minister.
The IAU conference runs until 14 August 2024.
Distributed by APO Group on behalf of South African Government.
The Real Success Network is thrilled to bring Real Success South Africa to Johannesburg; an event which is guaranteed to inspire and ignite. Brian Walsh, Founder and Chief Visionary of The Real Success Network, explains that the event brings together the cream of international speakers, along with leaders from the local speaking circuit. Each has …
Introduction Padel, a racket sport that blends the excitement of tennis, squash, and badminton, has seen its popularity skyrocket across continents. As players from diverse backgrounds dive into the sport, the choice of equipment becomes pivotal in enhancing performance and enjoyment on the court. Virgin Active Padel Club proudly offers a wide array of Adidas …
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Call for women ownership in media sector
While government policies have enabled the participation of women in the media sector, Government Communication and Information System (GCIS) Director of Media Relations, Tshegofatso Modubu, has called for an in depth look at the ownership and control by women in the media space.
“In terms of shattering the glass ceiling with the 30 years of democracy, we are seeing women get into the operational space and a bit more into the managerial space. We need to think about ownership and control of media in terms of women,” Modubu said on Thursday.
She was speaking at a panel discussion themed “30 Years of Women Excellence in the Community Media Sector” hosted by the GCIS, together with the Tshwane University of Technology (TUT) in Pretoria.
Reflecting on the 30 Years of Women Excellence in Community Media Sector, Modubu noted that since 1994, freedom of expression has expanded.
“We have done a lot as a country in terms of catching up on freedom of expression, on issues of plurality in the media sector and ensuring that the space is opened [up] to women.
“If you think about the era of apartheid when there was a lot of censorship, and certain voices were not allowed to speak, the media was slightly controlled because there were some newspapers that were aligned to the agenda of the regime.
“Since 1994, the media landscape has expanded, and it has been able to keep up with technological developments. We have a thriving convergent media. We see our media being challenged to move from print into the digital space because of the convergence.”
Modubu highlighted that through the Media Development and Diversity Agency (MDDA), government is providing support to for those who want to develop community and small commercial media.
Through interventions such as the National Youth Development Agency (NYDA) and the Preferential Procurement Policy, government is also promoting the participation of women in any sector of society.
“We see women being in the forefront of journalism in this country. Growing up, we would see newsreaders, which was what was designated for them. We have seen women go into talk show hosting, we have seen women become political journalists and being at the forefront [of journalism].
“There is a strong move to get women into boards because that is where decisions are made. Media companies have boards and women are not participating in those spaces.
“The chief executive officers … women are not playing in that space. These are some of the things we need to think about while we celebrate the strides that have been made,” she explained.
In addition, Modubu welcomed the move by the South African National Editors' Forum (SANEF) to appoint Nwabisa Makunga as Chairperson of the forum.
Makunga is leading a team responsible for representing those who are responsible for telling stories and representing the aspirations and wishes of the population.
“We have women editors in print and broadcast media, SANEF has the second women occupying the position of chairperson. All of this has been enabled by the policies that government has put into place.
“Our responsibility, as people who work in the space of policy making, is to ensure that those policies work, and they work for practitioners within the media space. There are challenges such as the cyberbullying of women, harassment and facilitated technological gender-based violence against women.
“Those are the challenges that we have to think about and how we can create laws and policies to change that,” Modubu said.
READ | Dialogue to assess women’s impact in the community media
- SAnews.gov.za
nosihle
Thu, 08/08/2024 - 13:36
Introduction In today’s fast-paced world, where customer expectations are higher than ever, businesses are constantly challenged to remain accessible and responsive. A 24/7 telephone answering service represents a pivotal solution in maintaining this vital connection. This comprehensive guide explores the benefits of implementing a 24/7 answering service, enhancing customer interactions, and ultimately driving business growth. …
Technology has become an integral part of our daily lives. Smart homes, with their advanced features, offer a unique combination of convenience, security, and efficiency. By incorporating devices such as smart light switches and home automation systems, smart house technology ensures the safety and security of your family. The Start of Smart Homes The …
Planning a road trip involves more than just picking a destination. It requires a reliable, comfortable, and versatile vehicle to ensure a smooth and enjoyable journey. Enter the Chery Tiggo series, a range of SUVs designed to be your perfect road trip companion. The Versatile Chery Tiggo 4 Pro The Chery Tiggo 4 Pro …
When the 27th edition of Africa Tech Festival (https://AfricaTechFestival.com) kicks off on 12 November at the Cape Town International Convention Centre in South Africa, the spotlight will be on the exceptional women shaping the future of technology and telecoms in Africa. With August marking the celebration of Women's Month in the host country, the event will proudly showcase many of the women leaders driving growth and innovation across the sector.
Taking place from 12 to 14 November, Africa Tech Festival 2024 incorporates AfricaCom, AfricaTech, AfricaIgnite, and The AI Summit Cape Town, which will welcome a cumulative 15,000 visitors, more than 400 speakers, and over 300 exhibitors as it explores enterprise tech innovation and disruption across key sectors such as artificial intelligence, cybersecurity, cloud and data centres, and green ICT.
As the continent's leading platform for technology innovators, specialists, and thought leaders, Africa Tech Festival 2024's agenda includes several prominent female leaders who are making a significant contribution to the industry. Their expertise and insights will provide invaluable perspectives on the challenges and opportunities within the sector.
Key speakers include:
“Africa Tech Festival provides the continent's tech ecosystems with a unique platform from which to collaborate and drive positive change. Building a more inclusive, sustainable world means uniting the world's most inspirational founders, business leaders, policymakers, investors, and rising stars, so we are delighted to see so many inspirational female tech executives featured in this year's speaker line-up. As we celebrate Women's Month, we look forward to their unique insights and contributions,” said Informa's James Williams, Event Director of Africa Tech Festival.
Organisers are confident that the presence of these female industry leaders at Africa Tech Festival will provide impetus to efforts by the industry to be more inclusive, highlighting the opportunities available to women in various sectors, providing insights for women wishing to embark on tech and telecoms careers, and showcasing the successes and contributions of women making their mark within the industry.
“Events such as Africa Tech Festival provide a platform for women to network and to gain exposure to more accomplished women in tech. These role models provide inspiration to women starting out in their careers that they can break the glass ceiling,” said Funke Opeke, CEO, MainOne, who will be participating in the ‘Big Tech and Telcos: Collaborating on Digital Infrastructure Investment' keynote panel.
Speaking on the importance of mentorship for women entering the industry, Mary Mahuma, CIO, Southern Africa, Philip Morris said, “As a female industry leader, I see mentorship as a necessary reminder of our social responsibility to be empathetic, driven, inclusive, and resilient leaders. I am fortunate to have a female mentor who has significantly influenced my leadership style, thinking, and understanding of corporate dynamics and culture.” Mary will be a panellist on the ‘Nurturing Talent and Bridging Skills Gap: Building a Future-Ready Workforce in the Age of AI' panel.
“Women's contributions are significantly transforming the telecoms and technology landscape in Africa through innovation, leadership, and advocacy. Their contributions are not only advancing the industry but also driving social and economic development across the continent. By fostering innovation, supporting entrepreneurship, and advocating for inclusive policies, these women are transforming the tech landscape in Africa,” added Motunrayo Opayinka, Founder and CEO, Womenovate. Motunrayo will share her insights on the ‘Educational Equity Through AI: Tools for Advancing Education in Underserved Areas' panel.
In addition, EQL:LOUNGE creates a space for women in tech to connect directly, and engage in meaningful dialogue, with high-calibre speakers in intimate settings hosting panel discussions, keynote addresses, and fireside chats. Taking place the evening before the event opens, InspiringFifty Africa is a prestigious awards ceremony focusing on recognising the top fifty women making significant strides within the African tech ecosystem.
Register now to secure your spot and join us in shaping the future of technology in Africa: https://AfricaTechFestival.com
In a special Women's Day offer, Africa Tech Festival is offering a 15% discount on Platinum Passes until midnight on 16 August. Passes can be purchased via this link, using the code NWD15 - https://apo-opa.co/3SAYyFh
Distributed by APO Group on behalf of Africa Tech Festival.
About Africa Tech Festival:
Africa Tech Festival, including anchor events AfricaCom, AfricaTech, AfricaIgnite & 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.
Despite the fact that South Africa is going through a significant political transition, our democracy remains a shining beacon of hope on a continent where a democratic process is desperately needed in many countries. This cannot have been achieved without the sacrifices made by strong political leaders who have fought hard to build our democracy. …
Following the launch of the second phase of its critical mineral mapping program, Eswatini is seeking foreign partners to support mineral exploration and extraction activities. To showcase opportunities across the sector, HRH Prince Lonkhokhela, Eswatini's Minister of Natural Resources and Energy, will speak at the upcoming Critical Minerals Africa (CMA) (www.CriticalMineralsAfrica.com) 2024 summit in Cape Town, joining African ministers including Martin Gama Abucha, Minister of Mining of South Sudan; Monica Chang'anamuno, Minister of Mining of Malawi; and Louis Kabamba Watum, Minister of Industry and the Development of SMEs of the Democratic Republic of the Congo.
As a frontier mining market, Eswatini is currently engaged in various programs to accelerate the exploration of its critical minerals (https://apo-opa.co/3yzeZvd). In December 2023, the Geological Survey of Eswatini, in partnership with South Africa's Council for Geoscience, launched the second phase of a joint geoscience mapping program. The initiative, which leverages AI-based techniques, aims to locate and map the country's critical mineral resources, marking a significant milestone in regional collaboration to advance sector growth. To date, the country produces minor quantities of aggregate, coal, gold and iron ore.
The Critical Minerals Africa 2024 summit on November 6 - 7 serves to position Africa as the primary investment destination for critical minerals. The event is held alongside the African Energy Week: Invest in African Energy 2024 conference (www.AECWeek.com) on November 4 - 8, offering delegates access to the full scope of energy, mining and finance leaders in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.
“Eswatini represents a promising yet untapped critical minerals market. Recent mapping programs have identified mineralization in several basins across the Kingdom. As a result, increased cooperation with global stakeholders is key to injecting capital and technology into new projects,” stated Rachelle Kasongo, Event & Project Director at CMA 2024 organizers, Energy Capital & Power.
Eswatini is also working with industry stakeholders on best practices to attract foreign investments to bolster its critical mineral industry. Last January, Minister Lonkhokhela met (https://apo-opa.co/3AdjVq1) with the country's Minerals and Mines Management Board to work toward creating an enabling environment for enhanced private sector participation in exploration, production and job creation within the mining sector. At CMA 2024, Minister Lonkhokhela will connect with global investors and industry service providers to discuss and explore Eswatini's mining prospects.
Distributed by APO Group on behalf of Energy Capital & Power.
In event management, creating memorable and immersive experiences is paramount. One technique that has revolutionised the way events are orchestrated is projection mapping. This innovative technology transforms ordinary surfaces into dynamic displays, captivating audiences and elevating the overall event atmosphere. Understanding Projection Mapping Projection mapping, also known as spatial augmented reality, involves projecting images, …
Demystify science for the most marginalised - Minister Nzimande
Minister of Science, Technology and Innovation, Professor Blade Nzimande, has insisted that, given South Africa’s – and Africa’s – historical past of discrimination and under development of parts of the population, it is imperative to “demystify science and its purposes and meaning to the lives of all people, especially the most marginalised”.
He was addressing the opening of the 32nd General Assembly of the International Astronomy Union (IAU) in Cape Town on Tuesday evening.
“Astronomy offers such an amazing opportunity to naturalise and indigenise scientific thinking within all our communities. Therefore, it is most fitting that this event will have Open Access features online, to generate scientific interest from the wider public.
“Young people have been appointed as volunteers for this event while others will be presenting their research posters, the General Assembly [GA] satellite viewing sites across Africa and astronomy ambassadors programme that has been launched throughout the continent as one of the legacy projects post the General Assembly,” Nzimande said.
On a continental scale, the Minister said it was in the interests of the international community to “broaden the participation of the African continent in astronomical sciences”.
“I would also like to recognise the efforts made by the IAU Office for Astronomy Development [OAD] and the African Astronomical Society [AfAS], both based in Cape Town in supporting other African countries to take advantage of opportunities in astronomy.
“We also see this Assembly as an opportunity for raising awareness of the IAU within the African science community and encouraging the emergence and professional development of the next generation African scientists.
“The Organising Committee of the 2024 GA has also announced that over 3000 abstracts were submitted, which is an impressive number for such an event and certainly offers an opportunity to share new sources of data and evidence to test through experimental work the explanatory value of the theoretical models developed in recent years,” he said.
A leading light
Minister Nzimande told the general assembly that government’s vision for South African astronomy is to become a “global hub for astronomical sciences and facilities as articulated in our National Strategy for Multiwavelength Astronomy of 2015”.
“The strategy provides a framework to take maximum advantage of South Africa’s historical strengths in astronomy, its geographical advantage of clear southern skies in the Karoo, the engineering and scientific base, large-scale investments in the MeerKAT/SKA endeavour and SALT [Southern African Large Telescope], and South Africa’s growing international ranking and partnerships in astronomy.
“This strategy is currently under review in consultation with the astronomy community so that it can be enhanced in order to take advantage of new opportunities in this era of multi-messenger techniques and technological innovations.
“The MeerKAT/SKA project, in particular, offers us an opportunity to contribute to the knowledge economy and the big data revolution through international collaborations and the pursuit of world-class research, thereby driving transformation and human capacity development. The SKA is the flagship frontier science partnership of the 21st century and South African remains fully committed to it,” he said.
The Minister revealed that the department is working with the Department of Tourism to develop an “astro-tourism sector through community-public-private partnerships in remote parts of South Africa”.
“We are looking forward to the approval of our newly established Astro-Tourism Strategy by Cabinet in the next few months.
“[Tourism] Minister Patricia de Lille and I will soon be co-hosting the Annual World Tourism Day in Carnarvon on 27 September 2024 – and this event will provide us with a unique opportunity to promote the preservation of dark skies and radio silence in the Karoo as this is essential for star-gazing and astro-tourism to thrive and to create jobs,” Minister Nzimande said. – SAnews.gov.za
NeoB
Wed, 08/07/2024 - 09:37
In an era where energy efficiency and smart technology go hand in hand, automated lighting and shading systems have emerged as a revolutionary solution for both residential and commercial spaces. These systems are not only designed to reduce energy consumption but also to enhance comfort and convenience. By leveraging smart switches, smart light switches, automatic …
Dialogue to assess women’s impact in the community media
As part of Women’s Month celebrations, the Government Communication and Information System (GCIS) together with the Tshwane University of Technology (TUT) will host a panel discussion on 30 years of women excellence in community media.
Themed “30 Years of Women Excellence in Community Media Sector,” Thursday’s panel discussion under the Annual Women in Media and Communication flagship project, brings together women in the community media sector to share their experiences and reflect on how they have overcome certain barriers and progressed to make a success of their careers.
The project aims to advance issues affecting women in the media and community media sector since 2019.
The 2024 Women’s Month coincides with the country's commemoration of 30 years of freedom and democracy, making this year's Women's Month an important juncture for collective reflection on how the country has empowered and advanced the rights of women in our democratic journey.
This year’s Women’s Month commemoration held under the theme: “Celebrating 30 Years of Democracy Towards Women’s Development,” marks the 68th anniversary of the historic march, where more than 20 000 women marched to the Union Buildings on 9 August 1956 in protest against the extension of Pass Laws to women.
The panel discussion will be held at Tshwane University of Technology, Pretoria Campus. – SAnews.gov.za
GabiK
Wed, 08/07/2024 - 12:49
Today, leading African venture capital firm, Founders Factory Africa (FFA), has announced its rebrand and name change to 54 Collective (https://54Collective.VC/), evolving its business model to better support transformative technology ventures across the continent through catalytic capital and value-add support through its Venture Success Platform.
Download document: https://apo-opa.co/4diDADB
54 Collective, builds on its exceptional track record of investing in and scaling early-stage ventures in Africa. The new name, 54 Collective, reflects the firm's ambitious pan-African vision, aspiring to help entrepreneurs grow their businesses to serve all 54 African countries.
The firm is a commercial-first investor and embeds impact in everything it does. 54 Collective invests in ventures from idea to Pre-Series A stage by offering catalytic capital, and value-add support through its Venture Success Platform.
"Our catalytic capital and value-add support to founders, through our Venture Success Platform, signifies our evolution and ongoing mission to support entrepreneurs across Africa and enable them to build without boundaries to drive commercial and impact returns. Our name change to 54 Collective communicates our continued commitment to African founders. We are more supportive than ever of unlocking opportunities for entrepreneurs and ensuring a level playing field for youth and women founders,” commented 54 Collective CEO Bongani Sithole.
Investment strategy
54 Collective, offers equity and non-dilutive capital up to a total of $500k, enabling founders to scale their ventures across the continent. To break barriers of access, female founders receive an additional $150k, to their male counterparts, in the form of a non-dilutive capital.
The Venture Success Platform is made up of a team of highly experienced venture specialists who provide tailored support. This is in the form of product, growth, commercial relationships, business strategy, talent, technology and data to build ventures for scale. The team also ensures that founders have access to the right funding by preparing them for investor readiness, investor access, fundraising strategies, unlocking debt and impact capital. The Venture Success Platform empowers founders to succeed globally by facilitating networking and community building opportunities.
This unique combination of significant funding and comprehensive support distinguishes 54 Collective as the only Venture Capital firm in Africa offering early-stage founders with the highest amount of catalytic capital and support from the largest Africa-based venture capital team with over 70 staff members in Kenya, South Africa, Nigeria and the UK.
The firm has evolved from investing only in the Agtech, Fintech, and Healthtech sectors to being sector-agnostic in its investments, supporting more founders across many sectors on the continent. 54 Collective helps founders navigate complex challenges to achieve commercial success and make an impact on the continent through economic growth and job creation.
In 2023, Founders Factory Africa was named one of the top venture capital investors in Africa, with an active portfolio of over 50 ventures across 10 countries. To date, the firm has supported more than 70 ventures across Africa and helped its portfolio startups to raise nearly $140 million in follow-on capital.
A future of empowerment
With seven of the world's fastest-growing economies in Africa, the continent's venture capital sector is rapidly expanding, with $6 billion invested annually. However, this represents less than 1 percent of global venture funding, indicating a significant unmet need for smart capital.
“We are pursuing opportunistic investments in different sectors across the continent where there are uniquely large opportunities for startups to scale and create sustainable impact in these sectors. Our goal is to invest in 105 startups across Africa in the next five years, enabling entrepreneurs to provide solutions to the continent's biggest challenges and transforming lives and industries,” concluded Sithole.
The firm is well on its way to achieving many of its five-year goals which range from enhanced financial inclusion, improved healthcare access, and creating dignified and fulfilling work to creating a gender forward portfolio. 54 Collective is targeting a portfolio where 50% or more of its startups are founded by women. Currently, from the 17 investments made between January 2023 and July 2024 in its portfolio, 45% of them are founded by women. The firm's investments are also creating social economic impact in the wider economy. For example, Asaak, a vehicle asset financing company has improved financial inclusion for over 11,000 bodaboda drivers. An impact study uncovered that 79% of these drivers improved their quality of life significantly and 80% increased their income after receiving credit from Asaak.
Speaking on the significance of the brand evolution and future ambitions, 54 Collective's Executive Chairman and UTOPIA CEO Roo Rogers said, “54 Collective is a powerful economic and social force in the African economy. It is anchored with strong roots on the continent and exceptional network and reputation across the globe. Together with our sister funds, we continue our mission to redistribute investment and knowledge pathways towards a more inclusive, relevant, and equitable future for the Global South.”
54 Collective's vision is to create a future where African entrepreneurship drives generational progress and prosperity across the continent. The firm's new name, catalytic capital, and value-add Venture Success Platform offering, marks a new era for the venture capital ecosystem. 54 Collective is redefining investing across Africa, enabling its founders to build without boundaries and solve some of Africa's biggest challenges.
Distributed by APO Group on behalf of 54 Collective.
For more information please contact:
Adam Wakefield - 54 Collective, Managing Editor
Tel: +27820490381
Email: adam.wakefield@foundersfactory.co
OR
David Mbai
Tel: +254716811083
Email: 54COmms@webershandwick.com
54 Collective social media handles:
Instagram: 54collective_vc
X: 54collective_vc
LinkedIn and Facebook: 54 Collective VC
About 54 Collective:
54 Collective is a Venture Capital firm dedicated to redefining investing across Africa. By offering catalytic capital and value-add tailored support through its Venture Success Platform, 54 Collective empowers entrepreneurs to build without boundaries. With a presence across Africa, 54 Collective leverages local expertise to help startups scale and achieve commercial success while creating systemic social and economic impact.
Join us in this exciting journey of transforming Africa's entrepreneurial landscape. For more information, visit (https://54Collective.VC/) https://54Collective.VC/ and become a part of 54 Collective's (https://54Collective.VC/) mission to help early-stage African startups grow and thrive and ‘Build without Boundaries' to empower Africa's next generation of innovators and leaders.
Introduction Finding the perfect television for sale can be overwhelming with so many options available in the market. This guide will help you navigate the key factors to consider when purchasing a new TV, ensuring you make an informed decision. Screen Size and Viewing Distance When searching for a television or television accessories …
Providing freshness to the community of oThongathi
by Keneilwe Velaphi
Sabelo Mkhwanazi’s business, Mayanda Fresh supermarket, is centred on providing fresh produce to the community of oThongathi, KwaZulu-Natal.
Mkhwanazi said prior to launching the establishment, he realised that his community was complaining about purchasing expired and rotten goods from nearby shops, which prompted him to start the business model.
Mayanda Fresh was officially opened in June 2023.
“I entered the supermarket industry because I was driven by passion and the need to supply fresh high-quality produce to my community,” said Mkhwanazi.
The goal of Mayanda Fresh was to create a welcoming and convenient shopping experience to customers, while also supporting local farmers and suppliers.
“There is a need to offer a wide variety of fresh products at affordable prices. Another goal is to strive towards becoming a trusted name in the retail industry in South Africa.”
Mkhwanazi ensures stock availability through the use of advanced technology and strong supplier relationships.
“I have established a trustworthy relationship with my suppliers, allowing me flexible payment terms. This mutual trust ensures timely deliveries and consistent stock availability.”
This approach allows Mayanda Fresh to always supply customers with fresh produce.
Furthermore, Mkhwanazi’s state-of-the-art inventory management system accurately tracks all stock levels, providing real-time updates as he purchases and sells products.
He added that he has received overwhelmingly positive feedback from customers, stakeholders, and the community.
His supermarket also serves the residents of surrounding areas, as well as those who work in oThongathi.
“In order to attract and retain customers, I have strategically chosen to position my first store at the centre of the oThongathi central business district. This is a commercial area that is conveniently near residential neighbourhoods, and the location makes it easy for customers to access daily essentials.
He also leverages media relations to reach a wider audience, ensuring that more people are aware of what Mayanda Fresh has to offer.
The self-made entrepreneur said he did not receive funding from government but with the support of his family and community, he was able to establish his business.
“My business came across many challenges one of the biggest being managing the supply chain to ensure a consistent and timely delivery of fresh produce, and building, and maintaining strong relationships.”
Mkhwanazi has big growth plans.
"I plan to develop an e-commerce website to create an online business, allowing customers to shop from their homes and have their products delivered to their door,” he concluded.
Visit the Mayanda Fresh Instagram page @mayanda_fresh or follow them on Tik Tok @Mayanda Fresh.
*This article first appeared in Vuk’uzenzele
Janine
Tue, 08/06/2024 - 11:48
RMB (www.RMB.com) has released the highly anticipated 2024 edition of its Where to Invest in Africa report, a comprehensive analysis of the top investment destinations on the continent. The report, which has been developed in collaboration with the Gordon Institute of Business Science (GIBS), leverages a robust methodology that has been updated to reflect new data sources, taking into account a variety of factors that have been proven to determine a country's progress and therefore its investment potential.
“Africa is not a country, but a vast, diverse and complex continent with different cultures, economies and investment potential. Our report therefore is not a definitive guide, but rather it is designed to provide insight to uncover the underlying drivers of a country's performance that inform its ranking. This offers invaluable insights for investors, policymakers, and business leaders looking to navigate Africa's dynamic economic landscape,” says Isaah Mhlanga, Chief Economist at RMB.
Expanded data, extended granularity
Investment decisions need to be viewed through both an economic performance lens and an operating environment lens. As a result, the methodology used for this edition of the Where to Invest in Africa report builds and expands on previous editions, taking into account new data sets as well as changing geopolitical and macroeconomic climates.
The scorecard for the 2024 issue highlights 31 countries that collectively represent 92% of the continent's economic activity (measured by GDP), and more than one billion people (three quarters of the continent's population). It draws on publicly available data sets from global institutions, including the World Bank, the IMF, the African Development Bank, the United Nations, and the International Labour Organisation.
The model is constructed from 20 metrics across four measurement pillars: economic performance and potential; market accessibility and innovation; economic stability and investment climate; and social and human development. Each metric is weighted, which translates into a weight for each pillar, and based on these metrics a standardised scorecard is produced, with rankings that enable effective comparison across Africa's complex and heterogeneous environment.
Africa's top five investment destinations
Combining these elements results in a ranking across the 31 countries measured. The results of the report show that the two small island economies of Seychelles and Mauritius rank first and second as the most attractive investment destinations on the continent, while the significantly larger economies of Egypt, South Africa, and Morocco rank in third, fourth and fifth places respectively.
Seychelles leads the rankings thanks to high levels of personal freedom, human development, and a stable economic environment. Seychelles offers a unique and attractive investment climate. Despite scoring lower on economic size and potential, Mauritius is known for innovation, economic freedom, and high GDP per capita. It continues to be a top destination for investors seeking stability and growth opportunities in a well-regulated environment.
Egypt represents Africa's largest economy by GDP (2023), offering a substantial market with diverse opportunities in sectors like technology, manufacturing, and services. Its strategic location and economic complexity further enhance its attractiveness. Despite facing significant challenges, South Africa remains a crucial hub for investment in Africa. Its robust financial sector, diverse economy, and potential for infrastructure development make it a key player. Finally, Morocco's strong performance in connectedness, innovation, and economic stability positions it as a top investment destination. Its strategic proximity to European markets adds to its appeal.
Distilling diversity – investment archetypes explained
Africa is an incredibly diverse continent, and no two markets are the same, which means there is no such thing as a universal success story. However, when we zoom out and view nations through the lenses of size and the relevant investability score, it becomes apparent that they fall into distinct groupings with shared traits. The 2024 edition of Where to Invest in Africa suggests five potential investment archetypes based on shared characteristics revealed through the four measurement pillars.
‘Highflyers' represent the large, well-established economies that offer stability and a range of investment opportunities, such as Nigeria, South Africa, Egypt and Ethiopia. Those ‘Cleared for Take-off' are countries with high economic growth and innovation potential thanks to factors like a young population and abundant resources, including Senegal and Côte d'Ivoire. ‘People Potential' are markets with a young and growing demographic, creating a sizeable consumer base and a future workforce, such as Kenya, DRC and Uganda. ‘Global Connectors' are more advanced economies with a strong international presence, such as Morocco, Mauritius, Tunisia and Seychelles. ‘Low-Base Boomers' are smaller markets with high potential for explosive growth but a corresponding higher degree of risk, including Rwanda, Mozambique, and Benin.
Additional insights unpacked
The report also highlights a number of trends across the various markets, and the role of innovation and economic complexity in driving growth is a central theme. Countries such as South Africa, Kenya, and Ghana are noted for their strides in technological innovation and diversification of their economic bases, making them attractive destinations for investment.
The African Continental Free Trade Agreement (AfCFTA) holds significant potential for boosting intra-African trade, enhancing economic integration, and creating a more competitive continental market. Effective implementation of the AfCFTA is expected to drive economic growth and development across the continent. Africa's young and rapidly growing population also presents a unique opportunity for economic growth, with countries like Ethiopia, Tanzania, and Uganda poised to benefit from this demographic dividend, provided they can create sufficient employment opportunities and foster a conducive environment for economic participation.
In addition, there are a number of emerging markets with significant growth potential, including Nigeria, Ghana, and Kenya. Despite facing challenges such as political instability and infrastructural deficits, these countries offer substantial opportunities due to their large and youthful populations, improving business climates, and diversification efforts. Africa's vast natural resources, including minerals and arable land, are pivotal for sustainable economic growth. However, the report cautions against the "resource curse" and underscores the importance of good governance and strategic management. Angola, Mozambique, and the Democratic Republic of Congo are highlighted for their rich resources and potential for sustainable development.
One area that requires critical attention across the continent is the need for infrastructure investment. Improved transportation, energy, and digital infrastructure are essential for unlocking Africa's economic potential, and South Africa, Kenya, and Nigeria are identified as key markets where infrastructure development could yield significant returns.
Beyond the rankings – a deeper look at African investment
Looking beyond metrics and scorecards, Africa holds massive potential but equally faces numerous challenges. The continent is rich in natural resources, which can be a major driver of economic growth, but they also present challenges in the form of corruption and environmental degradation. Increased activity around trade agreements can open new markets for foreign investors and boost economic activity, but lack of adequate infrastructure is a major hurdle for many African economies. Investment in this space will improve connectivity and create new opportunities, while rapid and increasing urbanisation will prove attractive to investors in consumer goods, retail, and financial services. Finally, countries in Africa are embracing new technologies, leapfrogging traditional development stages and creating new investment opportunities in the tech sector.
“The richness of Africa's diversity makes fully analysing its nuance and contrast a challenging task, but an important one when it comes to understanding the varied markets that make up this vast regional economy. The 2024 RMB Where to Invest in Africa report aims to develop a balanced, robust and actionable view of the drivers, challenges and opportunities that characterise each of the 31 African markets included in the analysis,” Mhlanga concludes.
Download the full report here to uncover the insights and drive more informed investment decisions.
Distributed by APO Group on behalf of Rand Merchant Bank.
Karabo Morapedi rises above the odds
by More Matshediso
Loving and supporting children who live with disabilities is key to enabling them to reach their full potential.
Karabo Morapedi (22) of Welkom in the Free State is a perfect example of what children with special needs can achieve if they are supported by their families.
He is among the South African athletes who will be flying the country’s flag high at the Paris 2024 Paralympic Games in France.
The Paralympic Games are the largest global sporting event for athletes with disabilities. This year, they will open on 28 August and close on 8 September.
Despite being born with cerebral palsy quadriplegia, which affects all four limbs and causes various physical and intellectual challenges, Karabo does not allow the disability to stand between him and his dreams.
At the time of the interview, Karabo was at the World Boccia African Regional Championships in Cairo in Egypt.
Boccia is a Paralympic sport, it is a target ball sport which tests both muscle control and accuracy.
Vuk’uzenzele spoke briefly to his mother and aunt about his life story, academic performance and sport.
His mother, Sebolelo Morapedi, raised Karabo with the help of her sister Selloane Bochedi.
“Karabo’s father passed away when he was just an infant. I raised him together with his aunt,” she explained.
She said Karabo started playing Boccia back in Tswellang Special School in Bloemfontein, which provides Grade R to Grade 9 mainstream education and learner support services to learners who are physically challenged.
He continued with the sport when he joined Martie du Plessis School in Bloemfontein, which is a school for cerebral palsied, physically disabled and learning-disabled learners, where he completed his matric.
Karabo continued to play Boccia at the Central University of Technology (CUT) Welkom Campus, where he graduated with a National Diploma in Public Management this year. He is currently studying towards a qualification in Advanced Diploma in Applied Public Management at the university.
Bochedi said they had to accept his condition, but both committed to giving him love and support that he needed as a child.
“Like any other child, we invested in enrolling him in schools that catered for his special needs, and we have always been actively involved in his educational journey. He has always performed well in school and he excelled in his tertiary education studies,” explained Bochedi.
She believes that Karabo’s journey has so far shown everyone that living with a disability does not mean you have to be locked-up in the house.
She added that Karabo is extremely proud of his achievements so far and he has made his family proud.
The support that he gets from CUT and his coach also encourages him to work harder.
For more information about the Paris 2024 Paralympic Games visit www.paralympic.org/paris-2024.
*This article first appeared in Vuk’uzenzele
Janine
Tue, 08/06/2024 - 12:16
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