PRETORIA, South Africa The Deputy Minister of Trade and Industry Mr Bulelani Magwanishe will lead a business delegation to Angola on a Trade and Investment mission. The mission will take place from 16-21 July 2018. This follows a working visit by President Cyril Ramaphosa to Luanda, Angola in March, where he pronounced that South Africa will continue to work to increase cooperation with Angola at higher levels. According to Magwanishe, the mission grants the Department of Trade and Industry (the dti) with the prospect of continued economic collaboration and partnerships with African countries for the realisation of higher levels of industrialisation through sustainable trade and investment. As Angola seeks to address the triple economic challenges of poverty, inequality a...
HARARE, Zimbabwe The Overseas Private Investment Corporation (OPIC) says it is closely monitoring the political situation in Zimbabwe as it rolls out an initiative which will mobilize more than $1 billion to projects that support transportation, communications, and value chains in Africa over the next three years. “We are following that (developments in Zimbabwe) very closely,” said Ray W. Washburne, the President and CEO of OPIC. adding “We currently have two projects in Zimbabwe, the last deal we did – the mortgage company – was in 2016, so we’ve been there recently, but we are studying the political situation there very closely.” Washburne was addressing journalists across Africa via telepress conference on Wednesday where he fielded questions about his impending visit to A
PRETORIA, South AfricaThe South African Breweries (SAB) AB InBev has signed the Department of Trade and Industry’s (the dti) Guidelines for Good Business Practice by South African Companies Operating in Africa, demonstrating the Company’s commitment to promote responsible business conduct in all of its operations on the Continent, and drive sustainable development in Africa. The guidelines are a voluntary set of principles and standards that seek to ensure that the operations of various South African businesses abroad are in compliance with the laws of the countries in which they operate in, as well as aligned with and in support of government policies and the developmental approach to regional economic integration in the African continent. The development integration approach co
PRETORIA, South Africa The Deputy Director-General of Trade and Investment South Africa and Trade Invest Africa (TIA) Ms Lerato Mataboge has said that South Africa is keen on balancing two-way trade with Ghana and key to achieving this, would be the identification of new investment and trade opportunities between the two respective countries. Mataboge said that it was imperative for South African businesses to invest in Ghana in order to support economic diversification and create value-chains; as well as for the improved presence of Ghanaian goods and services in the South African market. “Today’s gathering offers our respective businesspeople the opportunity to renew the economic relationship and strengthen economic ties. We are here to deliberate on how we can collecti
CAPE TOWN, South AfricaThe Portfolio Committee on Social Development has emphasised the importance of stakeholders, including government and parliamentarians, revisiting the road map that was presented by the South African Post Office (Sapo) on the implementation of the process of dissemination of social grants. All provinces have today reported to the committee on challenges experienced during the payment and collection of social grants in this payment cycle. The committee met to ensure it could make a proper assessment of the disbursement period. The committee was made aware of the weaknesses and strengths within Sapo and the South African Social Security Agency (Sassa) before this process was implemented. Because weaknesses in the implementation of the payment process are n...
NEW JERSEY, United States of America LiveU’s portable LU600 HEVC units were used to provide comprehensive coverage of the main surfing competition and different aspects of the event, including extreme sports and music concerts, soaking up the 14-day event’s unique festival atmosphere. The event, presented by Billabong, was streamed live every day to the World Surf League and ,which has over six million followers. LiveU’s bonded cellular technology has offered us greater portability and reliability, enabling us to stream high quality video from new angles Roaming cameras with LiveU units were used on the beach, around the different venues, and even on a jet ski to capture the surfers riding the waves close up. LiveU facilitated more layers to the production with vario
MPUMALANGA, South Africa A delegation of the Joint Constitutional Review Committee, which is conducting public hearings into the desirability of amending section 25 of the Constitution to allow expropriation of land in the public interest without compensation, has completed hearings in Mpumalanga. The hearings form part of the committee’s nationwide drive to engage the public as it considers the mandate given to it by both houses of Parliament. In Mpumalanga the delegation visited Mbombla, Ermelo and Middelburg. “The hearings have given life to provisions of the Constitution and shown first-hand that ours is a maturing society based firmly on the prescripts of democracy,” said Mr Vincent Smith, the Co-Chairperson of the committee. The tolerance demonstrated in Mpumalanga an
JOHANNESBURG, South AfricaEntrenched as the must attend and largest property gathering for senior African property investors, developers and decision makers, the 9th API Summit & Expo will be held on the 20th & 21st September 2018, Johannesburg, South Africa. This year’s Summit promises to be the most robust and optimistic gathering in recent years as more than 600 executives representing 250 companies from 30 countries seek to capitalise off 3-4% continent-wide GDP growth, rising commodity prices headlined by $70 oil prices and greater political stability in Africa’s major bellwether economies. According to Summit host, API Events managing director, Kfir Rusin, “Africa’s resurgent economies and property markets are increasingly viewed as a smart destination for in