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Today marks the official launch of the Founders Cartel, a dynamic coalition of South Africa’s most promising startups, aimed at revolutionizing the local and global startup ecosystem. The cartel has been formed to help founders in the group share best practices, share knowledge, conduct business among themselves, and consolidate their efforts in pursuing opportunities. The …
The EFF has the most comprehensive policy but it is not a good one
Success in 2024 In 2024, our CEO anticipates that the Unlimited Web Hosting with Free Domain Name offer will have significantly expanded our customer base and strengthened our position as a leader in the web hosting industry. By providing unparalleled value and empowering individuals and businesses to establish a robust online presence, we will have …
South Africans will be safe during and after the elections
Police Minister, General Bheki Cele, has launched the National Joint Operational and Intelligence Structure (NATJOINTS) Coordination Centre - days ahead of the country's National and Provincial General Elections.
“The NATJOINTS Coordination Centre (NCC) is born from past experiences learnt, when government formulated a coordinated response to the COVID-19 pandemic… as government we soon realised the importance of reconfiguring the way we would deal with the challenges of the deadly virus, as a collective. The NCC underpins the ‘whole of government’ approach to the country’s security,” said the Minister, speaking at the official opening of the NCC, based at the country’s largest training college of the South African Police Service, situated west of Pretoria.
He said the opening of the NCC also came just days before the country prepares for the National and Provincial Elections, on 29 May 2024.
“So while the timing of the opening may be opportune, establishing a nerve centre of such magnitude, to house the National Joint Operational Intelligence Structures, has been a long time coming.”
The centre serves as a central point of contact for the coordination of information.
“It is here where the reporting of incidents and swift, prompt and coordinated response to any and every eventuality within the mandate of NATJOINTS will unfold.
“We are told that this building that houses the NCC has been renovated and repurposed to meet all needs and purposes. This process has taken four months,” Cele said.
Cele said meetings of the NATJOINTS and the Justice, Crime Prevention and Security (JCPS) Directors General as well as the Priority Committees and work streams established by the NATJOINTS will take place in the NCC.
“The building layout not only accommodates the National Joint Operational Centre (NATJOC) but also facilities to accommodate one or more Mission Area Joint Operational Centres, known as MAJOC,” he said.
He said the centre has been fitted with the necessary equipment and machinery as well as technology advancements to ensure all agencies work seamlessly “with agility and in unison against any and every threat that may face the country”.
“The facility is fitted with state-of-the-art data network and communication systems as well as audio visual and advanced technical capabilities. Basically, at all times this facility will ensure that optimal situational awareness is never compromised.
“Such is critical for strategic, operational and tactical decision making and command direction of intelligence structures,” the Minister said.
The NCC will serve as the epicentre for the planning of all major events across the country, including the upcoming elections as well as the Presidential inauguration.
“Once fully operational, including for the coming election operations, the NCC will accommodate representatives from 39 government departments, agencies, state-owned enterprises and private sector stakeholders within the NATJOC,” he said.
Post-elections, the NCC will continue to be utilised on a 24/7 and 365 basis as the main centre for NATJOINTS inter-departmental and inter-governmental activities and operations.
“This will benefit citizens of this country who can be assured that the NATJOINTS remains committed to service and protects law-abiding citizens and all those who live within our borders,” the minister said.
Attending the event, was Police Deputy Minister Cassel Mathale, National Police Commissioner Fannie Masemola, Home Affairs Minister, Dr Aaron Motsoaledi, Defence Minister Thandi Modise, Social Development Minister Lindiwe Zulu as well as senior government officials. – SAnews.gov.za
Edwin
Fri, 05/24/2024 - 12:03
CSIR to use tool to predict 2024 elections results
The Council for Scientific and Industrial Research (CSIR) announced it will once again be part of the South African elections, using its election prediction model for the 2024 National and Provincial Elections.
This model was first introduced by the CSIR during the 1999 General Elections and will also be used when South Africans go to the polls on 29 May 2024.
According to the institution, their election prediction model relies on two core principles, the analysis of voter behaviour patterns and the sequence in which voting results are announced on Election Day.
“When combined, these two principles enable the team to group voters or voting districts based on their past voting behaviour, utilising a statistical clustering method.
“When applied in previous elections, the model typically achieved a high degree of accuracy at a national level once approximately 5% of the results had been tallied.”
The CSIR explained that the predictions become more stable and accurate as more voting districts are counted and once all voting districts have been declared.
CSIR Chief Executive Officer, Dr Thulani Dlamini, clarified that the model was not a polling system, but a model that uses statistical and mathematical analysis to predict election outcomes.
“It showcases how statistical clustering and some mathematical algorithms can achieve good predictions from a small sample of results. The election prediction model operates based on reducing the bias resulting from the ‘non-randomness’ of the incoming results that arise from the order in which the results are received,” he added.
The predictive modelling capabilities also allow this to be tailor-made for other predictive analysis work.
As one of its kind in the continent, CSIR has the capability of assisting other countries that may require such a tool to support election transparency and engagement.
“The organisation possesses robust capabilities in mathematics and statistics, which are applied to deliver precise results and can be customised for various forms of predictive analysis and forecasting,” he added.
The CSIR, an entity of the Ministry of Higher Education, Science and Innovation, is one of the leading scientific and technology research, development and implementation organisations in Africa.
The CSIR undertakes directed and multidisciplinary research and technological innovation, as well as industrial and scientific development, to improve the quality of life of all South Africans. – SAnews.gov.za
Gabisile
Fri, 05/24/2024 - 14:49
SA tops African tourism index
SA tourism ranks high in tourism index on the continent
South Africa has ranked the highest in the African region on the 2024 Travel and Tourism Development Index (TTDI) by the World Economic Forum.
“We are extremely pleased with this ranking as it affirms our commitment and work to elevate the significance and contribution of the tourism sector in South Africa,” Minister of Tourism Patricia de Lille said on Thursday.
South Africa was ranked 55 among 119 countries and emerged as the leading country in the rankings for the African continent in the second edition of an index by the World Economic Forum.
The report, which was released earlier this week, revealed that South Africa is home to the largest Travel and Tourism Economy in Africa. It measures the set of factors and policies that enable the sustainable and resilient development of the travel and tourism sector, which in turn contributes to the development of a country.
In 2023, South Africa welcomed close to 8.5 million international visitors of which 6.4million were from the African continent. This represents a significant increase of 48.9% compared to 2022 arrivals.
During the first quarter of 2024 – January to March – South African welcomed 2.4million visitors from the rest of the world. This represents a notable 15.4% increase when compared with the same period in 2023.
“The tourism sector has achieved robust growth over the past year and this is due to closer partnerships and collaborations with the private sector to grow tourism to its full potential,” De Lille said.
In the 2024 Index, South Africa moved up seven places compared to its previous ranking and scored high for price competitiveness, Information and Communication Technology (ICT) readiness, natural resources and travel and tourism socio-economic impact.
“We are delighted by the growth and our mission remains to exponentially grow arrival numbers and the overall performance of the tourism sector. The sector already makes a significant contribution to South Africa’s Gross Domestic Product (GDP) and job creation efforts but there is still so much more to be done.
“We have been working closer with the private sector and we are bearing fruit. I want to acknowledge and thank the tourism private sector stakeholders for all their hard work and collaborating with government to grow this exciting and important sector. The South Africa tourism sector’s greatest asset is our people and we will continue working to grow tourism’s contribution to the prosperity of people and the planet,” the Minister said. –SAnews.gov.za
nosihle
Thu, 05/23/2024 - 13:47
Nzimande opens first-ever nuclear medicine research facility in Pretoria
The Nuclear Medicine Research Infrastructure (NuMeRI) facility - the continent’s first nuclear medicine research facility, which features a cyclotron for producing isotopes used in radiation therapy – was officially opened on Tuesday, in Pretoria.
The NuMeRI will provide consolidated expertise in nuclear technologies in medicine and biosciences, creating significant research, development and innovation capacity in South Africa and will assist in the treatment of cancer and other diseases.
Minister of Higher Education, Science and Innovation, Dr Blade Nzimande, who opened the facility, told guests the world-class facility is a product of South Africa’s long-standing cooperation with the European Union (EU) that dates back to 2012.
Under this agreement, the Department of Science and Innovation (DSI) collaborated with the EU to develop a South African first Research Infrastructure Roadmap (SARIR) for the country.
“The mobilisation of innovation and technology to address the disease burden and the need to provide quality health care to all South Africans is a key priority of my department’s Decadal Plan on Science, Technology, and Innovation,” said the Minister, adding that the NuMeRI was an important pillar in this effort.
The NuMeRI is a one-stop-shop medical imaging facility dedicated to drug development and imaging-based clinical research and open to all researchers who will benefit from imaging in their product development.
“It will assist in taking bio-innovations further down the value chain from radiolabelling to preclinical testing. It will also contribute to good manufacturing practices and clinical trials,” he explained.
In addition, the NuMeRI’s capabilities will contribute to the precision medicine approach and targeted personalised therapies being developed in South Africa.
Governance
To ensure efficient governance and management, the two partners, the University of Pretoria and Steve Biko Academic Hospital, agreed to the establishment of a NuMeRI not-for-profit company (NPC).
The University of Pretoria and South African Nuclear Energy Corporation (Necsa) are founding members of the NPC and draw on the knowledge of officials of the DSI, who are actively involved in the implementation of the NuMeRI.
The first phase of NuMeRI, established and hosted at Necsa for three years was made possible by an investment of close to R150 million between 2016 and 2019. The second phase of implementation at Steve Biko Academic Hospital started in the 2020/21 financial year with an investment of approximately R390 million since 2020 by the DSI.
Meanwhile, the University of Pretoria also received an additional R85 million for the NuMeRI building.
Human resource
According to the Nzimande, it is anticipated that this infrastructure will triple the current clinical PhDs and increase six-fold basic science PhDs.
To date, 20 Masters and 15 PhD students have completed their studies with a further 17 Master’s degrees and 22 PhD students finishing their studies.
Meanwhile, the NuMeRI’s research activities advance the objectives and priorities of the National Department of Health, strengthening the nuclear medicine capacity in South Africa and beyond its borders in Africa.
It also enhances South African research in medicinal chemistry, expediting the development of drugs to address national priority diseases such as cancer and tuberculosis, enabling new pharmaceuticals to reach the market sooner, and giving South African pharmaceutical development a competitive edge with global equivalents.
The research will be mainly in oncology and will cover other communicable and non-communicable diseases.
“The opening of this facility represents yet another important milestone in the development of scientific infrastructure for our country and this is embodied in the fact that the NuMeRI is the first of its kind on the African continent.” – SAnews.gov.za
Gabisile
Tue, 05/21/2024 - 15:51
JOHANNESBURG, May 20th, 2024 – While cancer may not be a thing of the past in the very near future, pharmacological science advancements have intensified their efforts, targeting one of humanity’s most formidable adversaries with precision. Several forms of cancer are already manageable as chronic conditions while treatment protocols continue to improve patient quality of …
Good Nature Agro (https://GoodNatureAgro.com/), the Zambian company helping smallholder farmers reach the middle class, has been recognized by the Financial Times in the annual ranking of Africa's Fastest Growing Companies of 2024, focused on identifying top performers in Africa's private sector. This ranking places Good Nature Agro as number 44 on the list and the only Zambian company in the top 50.
The company has accomplished this feat through measured and consistent growth in their legume seed and commodity business lines, while increasing incomes for the more than 20,000 smallholder farmers with which they work.
2024 also marks the 10th anniversary of Good Nature Agro. Starting in 2014 with just 40 smallholder farmers in Kasenengwa District, Zambia, the company's founders have remained committed to the company's mission since day one. Today, Good Nature Agro farmers are present in all provinces of Zambia and the company has expanded its offerings to Malawi. The company has two active processing plants in Lusaka and Chipata, Zambia, an active seed breeding program and lab space, a proprietary digital platform for farmer and customer engagement, and more than 175 full-time employees. Good Nature Agro is also building a state-of-the-art export and processing facility in the Lusaka South Multi-Facility Zone(MFEZ).
Good Nature Agro Co-fonder and CEO, Carl Jensen, is thrilled with the news of the ranking, “We are proud to be included on the list, and we intend to use this opportunity to highlight our work with smallholders and the strength and potential of the Zambian agricultural economy. Credit for the strides we have made over the last 10 years goes to the hard work of our farmers, team, investors, and partners. Collectively, we are primed for a leap forward, and we will work tirelessly to move more smallholder farmers into the middle-class and emergent farmers towards generational wealth.”
On top of training, financing and production with Zambian farmers, Good Nature Agro has for the last 3 years been focusing on aggregating legume seed and commodity needs in the wider Southern and Central African region. “Being a Zambian-born and based company has strategically placed us to fulfill grain needs from beyond Zambian borders. We are exporting high-value beans, soya beans and groundnuts to food processors in South Africa, Namibia, Zimbabwe and Botswana, and we continue to prospect both production and supply in the Eastern African region. We are looking to onboard more customers and anyone looking for a reliable supply of legume seeds and commodities in and beyond the region. The Financial Times listing affirms our constant commitment to growth and service to our farmers and customers” said Sunday Silungwe, Founder and Director of Communications.
Representing Zambia alongside Good Nature Agro on the list are Zamseed (#91) and Zambeef Products (#113). The list of Africa's fastest-growing companies, compiled by Financial Times in collaboration with Statista, a research and database company, highlights advanced, modern, and thriving businesses in Africa fueling the global economy in the 21st century. The list showcases the growth of private companies across different sectors and offers a brief overview of the recent corporate landscape where technology, Fintech, and other businesses have had to adapt to a challenging environment. Good Nature Agro salutes all other companies represented as peers and examples of resilience and job creation.
Distributed by APO Group on behalf of Good Nature Agro.
Media Contact:
Company name: GoodNature Agro
Contact person name: Sunday Silungwe, Co-founder and Director of Communications
Phone number: +260 97 9392832
Article website: https://apo-opa.co/4arONQ1
Email: sunday.silungwe@goodnatureagro.com
Website: www.GoodNatureAgro.com
Introducing Biretex, the Revolutionary Acne Care Range by Cantabria Labs Cantabria Labs, a pioneer in dermatological research and innovation, is thrilled to announce the availability of its ground-breaking skincare range, Biretex, in South Africa. Clinically proven to enhance the appearance of acne and spot-prone skin, Biretex utilises advanced ingredients that prevent and reduce the recurrence …
The commercial industry is being “greedy” says Eastern Cape small-scale fisher
President Ramaphosa delivers inaugural Elijah Barayi memorial lecture
President Cyril Ramaphosa says the legacy of unionists and anti-apartheid struggle heroes like Elijah Barayi can be found in the labour-related laws enshrined in South Africa’s Constitution.
The President was delivering the inaugural memorial lecture for Barayi held at the University of Johannesburg’s Soweto Campus on Wednesday.
Barayi was a revered trade union leader and freedom fighter during the apartheid era and was one of the founding leaders of the National Union of Mineworkers (NUM).
He became first President of the Congress of South African Trade Union (Cosatu) at its launch in 1985 and was an activist in the Mass Democratic Movement since the 1950s.
His life was lived fighting for the freedom of South Africans and fair labour practises until his passing months before South Africa’s first democratic elections in 1994.
“Thirty years into democracy, we have several progressive labour and social protection laws, including the right to strike. And it was the labour movement as led by Barayi which insisted that the most fundamental right that workers should have should be collective bargaining, the right to strike, the right to have a safe working place.
“So for them to be enshrined in the Constitution is something that we need to pay tribute to Elijah Barayi and the leadership of Cosatu and various other worker organisations at the time. And it is in honour of Elijah Barayi that today we have these rights enshrined in our Constitution.
“We have the Labour Relations Act and the Basic Conditions of Employment Act to protect and advance workers’ rights. We have laws to safeguard the health and safety of workers and a Compensation Fund to support workers who are injured or sick. These achievements form part of the legacy of Elijah Barayi. They need to be protected and advanced,” President Ramaphosa said.
President Ramaphosa emphasised that these “hard-won rights” and many others must not be rolled back.
“There are some in our country who are calling for hard-won rights … like collective bargaining, to be curtailed and for the minimum wage to be scrapped. Trade unions need to be stronger to make sure that that never happens in South Africa because it will be a total reversal of what workers have achieved and what Elijah Barayi struggled for,” he said.
The future of work
President Ramaphosa reflected that “technological advances and globalisation” are changing the labour landscape and added that in order to keep up, innovation and entrepreneurship will be crucial and this “while safeguarding workers' rights and promoting social dialogue”.
“We need to invest in technology, infrastructure and education to enable sustainable and inclusive economic growth and job creation. At the same time, we must strive to democratise the governance of work.
“In South Africa, this means strengthening and adapting labour laws, institutions and regulatory frameworks to protect workers’ rights, promote fair competition and ensure social justice.
“We need to build a more inclusive and resilient labour market that will support a just transition, greater digitalisation and other drivers of change,” he said.
The President acknowledged that although policies implemented since the dawn of democracy have “lifted millions out of poverty and despair and improved their material condition”, many other South Africans are still living difficult and challenging lives.
“As long as the divisions in our society persist, as long as some people lead lives of quality and dignity whilst others suffer at the margins of the economy, our mission remains unfulfilled. We owe it to the memory of Elijah Barayi, to the South African people and to the generations to follow that we continue to work to overcome this inequality.
“Let us honour the memory of giants like Elijah Barayi by renewing our commitment to building a better, stronger South Africa.
“As we draw inspiration from the life and times of the man we honour here today, let us deepen our resolve to advance freedom and social justice everywhere – leaving no-one behind,” President Ramaphosa concluded. – SAnews.gov.za
NeoB
Wed, 05/15/2024 - 14:00
Africa’s two leading providers in the shared workspace industry, KOFISI and Workshop17, have announced a strategic partnership to provide a wider range of services and locations across Africa. The demand for shared workspace continues to grow faster in Africa than the rest of the world – fueled by the growth in the working age population …
Celebrating excellence in African real estate, including South Africa: enter now! Johannesburg, 13 May 2024 – The 8th annual African Property Investment Awards (API Awards) are now open for entries. This prestigious platform recognises excellence in the African real estate industry. This year, for the first time, the #APIawards will be open to entries from …
BCX Alibaba Cloud Academy and Arovy University have joined forces in a strategic partnership aimed at empowering students to cultivate essential skills for the expanding digital economy in Africa. The basis of this initiative is the Alibaba Cloud Academic Empowerment Programme, a pioneering effort to embed digital excellence within academic institutions globally. Arovy University, situated …
30 years of democracy: The electrification of South African households
Despite a myriad of challenges – both present and past – along the way, the South African government through Eskom and municipalities has made great strides towards achieving universal access to electricity in the country.
This came out during a roundtable on the electrification programme since 1994 hosted by the Government Communication and Information System (GCIS).
According to the Eskom website, in 1987, fewer than 13 million people had access to electricity with the vast majority of that access servicing white households – leaving other population groups reeling in the dark.
At the dawn of democracy in 1994, Parliament endorsed a plan to create universal access to electricity – defined at some 97% due to population growth and challenges related to the formalisation of informal settlements.
This charged government’s wholesale plan to electrify homes. Now, access to electricity in South Africa today is at least 94% according to Statistics South Africa.
Director Project Monitoring and Intergovernmental Relations at the Department of Mineral Resources and Energy, Lufuno Madzhie, said the electrification programme has thus far, been a success.
“[During 1994 to 1998] Eskom and municipalities only electrified 2.5 million households. In 2001, then government decided this [electrification] programme needs to reside within the Department of Mineral Resources and Energy [DMRE]. Through us as the department, working with different stakeholders, we have achieved a lot with regard to this electrification programme.
“Through this programme, the department has achieved a huge milestone. Currently, we have electrified over 8.3 million households,” he said.
Eskom’s Pozisa Njezula emphasised how access to electricity improves the welfare of households and explained how Eskom contributes to facilitating access for hard-to-reach rural areas.
“[It allows for the] improving on safety where we no longer have to use candles and paraffin stoves. It improves on convenience where we no longer have to collect wood to cook and also, in terms of improving on education where kids can study at night.
“With…us now pushing towards universal access, the challenge that we are now faced with is that we now have to reach the far-flung areas. The far corners in all the rural areas. With the support from the DMRE, as Eskom we have started and embarked on the rolling out of micro grids for those far-flung areas where you may not be able to get grid electricity because of losses as well as the amount of money that you would have to spend to get to those areas.
“The [micro grid] is just a container, it has solar panels, it has got batteries and then you’ve got the reticulation network. When you get to a certain area, you electrify it off grid and those people benefit,” she said.
Challenges and solutions
Njezula bemoaned that although the electrification programme is going full steam ahead, the power utility faces serious and dangerous challenges when going into communities.
“We are not immune as Eskom to the crime [and] extortion in our project sites. In South Africa, with almost all the projects that are being undertaken, there’s reports of these extortions and these demands for certain amounts of money, for protection fees and so forth.
“That delays the progress in our projects, and it really puts the lives of our employees as well as our contractors in danger. In some instances, we have to leave site, we need to be escorted, we need protection,” she said.
Head of energy and electricity distribution at the South African Local Government Association, Nhlanhla Ngidi, described South Africa’s electrification plan as a “moving target”.
“In terms of access itself, at 94%, I think it’s very important that people understand because this is a moving target. In a year’s time, you could find this being below 94% and it’s because of all these challenges…people moving towards where the economy is more active.
“Municipalities have done quite well but with the capacity challenges we have, we still need municipalities to be assisted and government needs to put in place agencies that can come in and be catalysts in terms of the implementation of the programme,” he said.
Energy expert, Chris Yelland, agreed that access to electricity has improved but warned that affordability remains a blockage to some households.
“[There] are some technology developments that require that we look at these distant rural customers. The first thing of course is renewable energy. The price of renewable energy…has come down dramatically over the last ten years. This is now opening the doors to renewable energy for remote households that never existed ten years ago.
“There’s a lot to celebrate in electrification [but] there’s a lot to do about affordability. We are not there yet. We need to understand where we come from, where we are and where we’re going and for that we need data…so that we know where we are and where we’re going” he said. – SAnews.gov.za
NeoB
Tue, 05/14/2024 - 14:06
Eastern Cape intensifies fight against stock theft
Eastern Cape Premier Lubabalo Oscar Mabuyane and Rural Development and Agrarian (DRDAR) Reform MEC Nonkqubela Pieters will on Tuesday kick start the use of the Livestock Identification and Traceability System (LITS) as part of efforts to fight stock theft.
LITS is a technology-based ear-tag gadget that government is delivering to 120 cattle farming enterprises across the province. The technology is also part of efforts to strengthen biosecurity measures to improve the international trade of cattle.
As part of this rollout, 30 000 cattle will be ear-tagged for identification and traceability purposes in Tsolo.
The rollout of LITS is a commitment made by Premier Mabuyane during the 2024 State of the Province Address, and as part of implementing an agreement between government and the red meat industry.
LITS will ensure individual animal identification so that livestock owners comply with the Animal Identification Act.
This will improve the prosecution rate of people charged for livestock theft and strengthen biosecurity measures in farms to improve international trade of cattle opportunities.
All ear-tagged animals and identities of their owners are registered onto a central database, where animal movement is recorded to make it easy to trace the animal back to the owner.
Once the system is fully implemented, each animal slaughtered in any abattoir can be traced to where it was farmed, the farming conditions where the animal was farmed, and all animal health practices the animal was exposed to.
This will also make it possible to identify owners of registered animals, thus improving the recovery of stolen animals.
DRDAR is implementing this national policy through collaboration with the Agricultural Research Council (ARC).
Currently, the department has trained and registered more than 250 veterinarians, scientists, animal health technicians and extension advisors to lead the implementation of the system. – SAnews.gov.za
Edwin
Mon, 05/13/2024 - 10:11
Patel to preside over launch of MEDTECH
Trade, Industry and Competition (dtic) Minister Ebrahim Patel is today presiding over the launch of the Medical Technology (MEDTECH) Master Plan by industry stakeholders at the Industrial Development Corporation (IDC) in Sandton.
The MEDTECH Master Plan aims to provide guidance for the public and private sectors to dedicate resources and time in strengthening the sector in order to place it on a growth trajectory.
This process will involve developing agreements on areas for intervention, collaboration, and commitments for ongoing development and investment.
One of the objectives of the plan is to grow a competitive medical technology industry over the next three years, with special focus on the development of small to medium enterprises that will eventually supply domestic and international markets.
The MEDTECH industry in South Africa has been identified as a potentially important contributor to economic growth and employment, whilst simultaneously enabling an improvement in health provision and quality of life for the South African population.
The industry is diverse, using various materials to produce a variety of products such as metals (titanium-based implants), chemicals (disinfectants), textiles (bandages and dressings), plastics (catheters, IV administration sets), wood (tongue depressors) and chemicals/minerals/plants that go into the manufacture of wound products.
The industry gained prominence during the COVID-19 pandemic as South African manufacturers tooled up to meet the growing need for medical devices.
South Africa is one of the largest MEDTECH markets across Africa and the Middle East, estimated at R21 billion in 2021 and is projected to grow to R29.6 billion by 2025. – SAnews.gov.za
Edwin
Mon, 05/13/2024 - 10:30
First Care Solutions launches a first-of-its-kind healthcare platform built for patients, doctors, and businesses. Johannesburg, South Africa: First Care Solutions today announced CareFirst, an innovative digital healthcare platform, a bouquet of technology solutions that is revolutionising the way medical care is delivered. CareFirst Virtual Healthcare aims to bridge the gap between patients and healthcare providers …
GITEX Africa 2024 (www.GITEXAfrica.com), the continent's largest tech and startup exhibition scheduled from 29-31 May in Marrakech, Morocco, emerges as a pivotal platform for exploring the intersections of digital transformation, financial inclusion, and economic empowerment. As South Africa's banking of finance sector takes center stage in this global dialogue, the event promises to be a catalyst for innovation, collaboration, and growth.
In South Africa, digital transformation has become imperative across industries, and the financial sector is no exception. From the convenience of online banking to mobile payment solutions, banks are leveraging digital technologies to enhance efficiency, improve customer experience, and expand access to financial services.
With a growing youth population favoring digital banking, financial institutions are investing in user-friendly mobile apps and online platforms to meet evolving customer preferences.
Banks Face Competition from Fintech and Innovative Platforms
These digital banking platforms provide users with convenient access to a wide range of financial services, including account management, payments, and lending, all through intuitive user-friendly mobile and online interfaces.
However, amidst this digital transformation, banks face stiff competition from a diverse array of players, including agile fintech startups and innovative tech-driven platforms. These disruptors offer innovative solutions that challenge traditional norms and cater to evolving customer needs.
South African fintech startups, recognized locally and globally, provide convenient digital banking services, investment platforms, and innovative lending solutions, drawing customers away from traditional banks with their agility and customer-centric approach. In 2021, South Africa boasted the highest number of fintech startups in the African region with 154 companies (https://apo-opa.co/3KjmVTL). As of May 2022, fintech startups in South Africa secured close to $US77 million (https://apo-opa.co/3ys79ms).
The fintech value chain encompasses a wide range of services including banking, infrastructure, crowdfunding, digital currencies, lending, payment, and regulation technology.
By facilitating dialogue, collaboration, and knowledge sharing, GITEX Africa accelerates the pace of digital transformation in the financial services sector, driving inclusive growth and economic empowerment across the African continent. Among the more than 35 esteemed speakers from South Africa include Lillian Barnard, President at Microsoft Africa; Zondwa Mandela from Mandela Legacy; and Chipo Mushwana, Executive of Emerging Innovation and Payments, Nedbank.
Major South African investment funds, unicorns, and start-ups fast-forwarding cross-continental progress at GITEX AFRICA 2024 include SAVANT, Zindi, and go1.
Lillian Barnard, President of Microsoft Africa, said: “Africa has long been recognised for its formidable growth prospects and AI is the long-awaited key to help unlock that potential.”
“The AI-powered innovation we're seeing today is poised to reinvent every aspect of society from healthcare to financial services, manufacturing and beyond. If Africa is to benefit from the paradigm shift currently sweeping the globe, we must make the promise of AI real for people and organisations across the continent – and do so responsibly.”
Hands-on Support Required for Startups
Bongani Sithole, CEO of Founders Factory Africa and a speaker at GITEX Africa outlines key challenges facing African startups: difficulties in finding product-market fit, hiring the right talent, maintaining company culture while expanding into new markets and securing funding.
Despite these challenges, Sithole highlights opportunities for startups to tap into, including the “development of new products and services to meet the needs of their growing customer base. This can lead to increased innovation and competitiveness.”
In terms of specific trends within the African startup ecosystem, Sithole says we can expect to see more mergers and acquisitions (M&As) continue this year, primarily driven by larger companies seeking to acquire earlier-stage companies. “M&As are strengthening the startup ecosystem by offering a guarantee of revenue and funding for founders.” Additionally, he notes the potential of AI applications to address societal challenges and drive economic growth.
As Africa's tech ecosystem evolves, he sees opportunities for cross-regional collaboration through initiatives like cross-border agreements for trade and talent, full implementation of the African Continental Free Trade Agreement (AfCFTA), fast-tracking of regulatory approvals.
Reflecting on lessons from leading African unicorns, he highlights the importance of solving societal problems and embracing failure as part of the startup journey. “Many successful founders are not first-time successes. Founders are encouraged to remain within the ecosystem even after failures to create potential unicorn by leveraging their experience.”
At GITEX Africa, Sithole aims to emphasize the importance of “hands-on support” for early-stage ventures beyond just capital. He also hopes to develop actionable steps to stimulate innovation and funding across Africa, advancing the tech and startup ecosystems.
Financial Inclusion and Economic Empowerment
Recognizing the significance of digital transformation, the South African government has taken proactive steps to promote financial inclusion and economic growth. In 2023, the National Treasury released a policy framework to broaden financial inclusion (https://apo-opa.co/4bff3OC), to achieve 90 percent banked status by 2030. This initiative highlights the government's commitment to leveraging digital technologies to drive socioeconomic development and create opportunities for all South Africans.
While progress has been significant, challenges persist, highlighting the need for targeted interventions to ensure equal access to financial services. As South Africa continues to ride the wave of digital finance, the possibilities are boundless. By embracing innovation and strengthening collaboration, the country is charting a journey toward a brighter and more equitable future for all.
Distributed by APO Group on behalf of GITEX Africa.
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The second edition of the Invest in African Energy (IAE) forum will kick off on Tuesday, May 14 in Paris, uniting the African and global energy industry for two days of discussions, networking and deal-making opportunities.
The two-day forum has confirmed the participation of African energy ministries, NOCs, service providers and regulators from Angola, Egypt, Equatorial Guinea, Gabon, The Gambia, Guinea-Conakry, Ivory Coast, Morocco, Nigeria, Republic of the Congo, Sierra Leone, Senegal and South Africa. These target markets will showcase key projects open to private sector participation – including licensing rounds, farm-in opportunities and more – through technical presentations, country-specific sessions and regional market spotlights. A highly anticipated ministerial panel on Day 2 will map Africa's path in the just energy transition, amid shifting energy priorities and global environmental policies.
IAE 2024 is an exclusive forum designed to foster collaboration between European investors and African energy markets. Taking place May 14-15, 2024, in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors, and policymakers. For more information, please visit www.Invest-Africa-Energy.com.
The event has also attracted the attention of global investors, bringing together operators, exploration and production companies, technology and service providers, development finance institutions, multilateral banks, investment platforms and trade and development organizations from the Middle East, Europe, the U.S. and Asia. IAE 2024's international, high-level attendance speaks to sustained interest in developing Africa's energy resources for enhanced energy security on the continent and across the globe. A series of panel discussions will explore future proofing Africa's gas and LNG industry; creating opportunities in Africa's energy system; financing African renewable energy projects; unlocking midstream and downstream investment; new opportunities in key growth markets; and more.
“IAE 2024 is set to be the premier African energy project showcase taking place outside of the African continent. We invite energy industry stakeholders to register and attend the forum – kicking off tomorrow – as we look forward to two productive days of deal-making and discussions in Paris,” says Sandra Jeque, Event & Project Director at Energy Capital & Power, forum organizers.
Distributed by APO Group on behalf of Energy Capital & Power.