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Inequality is detrimental to Africa’s growth – Oxfam

The World Economic Forum on Africa (WEFA) taking place in Durban till Friday shows that South Africa continues to be a gateway to the rest of Africa, says Finance Minister Malusi Gigaba.

During a roundtable discussion on “blue economies” South Africa’s Environmental Affairs Minister Edna Molewa shared lessons on how African nations can utilize water resources, such as rivers and oceans, as pathways to reach markets and also use them to create more economic opportunities.

Several films have been confirmed including International Emmy Award Winning Director Rehad Desai’s The Giant is Falling, which will premiere in Durban at the People’s Economic Forum.

Unlocking industrial activity and intra-Africa trade, as well as growing Africa’s share of global trade is crucial for continental development, in his view.

The South African President noted many African youths lack rare skills which makes them unemployable.

Dozens of activists are demanding that delegates who are now attending the World Economic Forum on Africa be sent home in the same manner that President Jacob Zuma was during Monday’s May Day rally. These thoughts lead into this year’s theme of responsive and responsible leadership.

President Edgar Lungu will be accompanied Minister of Commerce and Industry Margaret Mwanakatwe, Minister of Energy, David Mabumba and Presidential Affairs Minister, Freedom Sikazwe.

The Africa Competitiveness Report combines data from the Forum’s Global Competitiveness Index (GCI) with studies on employment policies and city competitiveness.

Mr Mwamba said the President is among regional leaders that include President Jacob Zuma as host; SADC chairperson, King Mswati III of the Kingdom of Swaziland; President of Mozambique Filipe Jacinto Nyusi; President of Uganda Yoweri Museveni; and President of Namibia Hage Geingbo, among others. The forum met in Pretoria on 3 May 2017 where the circular economy was also discussed amongst other issues of mutual interest.

Past year the focus was on how Africa can benefit from the massive technological changes happening in the world – termed The Fourth Industrial Revolution.

The meeting has on its agenda initiatives for economic growth and social inclusion, digital economy and society, education gender and work, food security and agriculture, environment and natural resource security, health and healthcare and long-term investing and infrastructure.

Source: clicklancashire

Bursaries offered by SA’s biggest companies

University fees have been under the spotlight since the latter parts of 2015, when students rose up in protest against the restrictive costs to study.

Following weeks of protests in October and November 2015, President Jacob Zuma eventually declared there would be a no fee increase at universities in 2016. To absorb the loss of revenue, government set aside R6.9 billion in additional funding for universities.

However, according to higher education minister, Blade Nzimande, on top of government funding, corporates in South Africa need to foot the bill for higher education, as they will ultimately be absorbing the skilled workforce.

Many companies in South Africa already offer a number of bursaries and scholarship programs, which help students pay for part of or all of the fees needed to study.

Bursaries and scholarship programs are often tied to recruitment, as companies pay for students to develop specific skills they are in need of.

BusinessTech looks at the 10 biggest companies on the JSE (excluding the recently-listed AB Inbev Breweries), to determine what graduate programs they offer.

It’s important to note that the bursaries listed below are not always an annual given – that is, bursaries for many of the fields of study paid for by the companies only open up when the specific skills are needed.

On top of bursaries, South Africa’s biggest companies do also offer apprenticeships and other opportunities.

With bursaries closed for study in 2016, prospective students should apply now (where applicable) for study in 2017.

1. British American Tobacco

British American Tobacco offers bursary options for students that have an undergraduate degree or are in their final year of study in these subjects:

  • Commerce
  • Agricultural Science
  • Food Technology
  • Food Chemistry
  • Natural Science
  • Physical Chemistry
  • Public / International Relations
  • Bcom Law
  • Human Resources

The skills the group is targeting are primarily in (but not limited to) these fields:

  • Information Technology (undergrad and post-grad)
  • Industrial Engineering (undergrad and post-grad)
  • Marketing (post-grad)
  • Accounting (post-grad)

Applications usually close at the end of August each year.

2. SABMiller

SABMiller says that it is committed to helping South Africa develop its skills, and it does so by offering academic bursaries to deserving SA students.

On top of the financial support, the group says its bursars are “afforded the opportunity to learn more about the world of work”.

SABMiller offers bursaries in these areas of study:

  • Brewing
  • Packaging
  • Control and automation
  • Supply chain
  • Marketing

3. Naspers

Naspers says it is committed to developing its own employees as well as extending training outside the group to develop a “talent pipeline”.

“Given the strategic importance of technology and intellectual property to our sustainability in a competitive market, skills development is a priority for Naspers.”

The group has developed the “Naspers Academy” – which develops specific skills needed by the group (in terms of Internet engineering and classified businesses).

Externally, Media24 offers four bursaries for students wanting to complete their postgraduate qualifications in journalism at either Stellenbosch University, NWU, Wits or Rhodes University.

This is a two-year bursary programme – one year of postgraduate study and one year based at Media24.

4. Richemont

Luxury goods group Richemont doesn’t offer any paid bursaries in South Africa, but the international group offers apprenticeships and other training programs as part of its corporate social responsibility.

The group also makes donations to South African universities such as the University of Cape Town, to provide financial aid for students.

5. BHP Billiton

BHP Billiton provides qualified students with exceptional bursaries every year.

The bursaries cover full university fees (including registration), accomodation, meals, text books and pocket money.

To qualify, candidates need high maths and science marks (at least a ‘C’ – or 60-69%).

  • Mining Engineering
  • Extractive Metallurgy
  • Electrical Engineering (Light & Heavy)
  • Mine Surveying
  • Geology
  • Mechanical Engineering
  • Chemical Engineering (Mineral Process)

Qualifying bursary students are required to sign an employment contract with the company for a period equal to the bursary term.

Bursaries close the end of May each year.

6. Steinhoff

Steinhoff does not have any external bursary or scholarship programs, but does make training and development opportunities available to employees “as far as is reasonably practical,” it says.

“The group concentrates training efforts on its existing employees and not on people outside of the group. Learning assistance through bursaries and study loans is offered in divisions with skills shortages.”

7. Glencore

Glencore Xtrata offers bursaries in the mining field, with offers of apprenticeships and recruitment schemes to build necessary job skills.

High English, Maths and Science levels are required to qualify (60-69% and 70-79%, respectively).

The following career paths will be available for study, depending on the need of the company at the time.

  • Mining Engineering
  • Mechanical Engineering
  • Electrical Engineering
  • Financial Management (B Com)
  • Geology Discipline

8. Sasol

Sasol has many bursaries available for both under- and post-graduate students.

Sasol Post Graduate Bursaries are awarded for full-time University study in Science and Engineering, at Masters or Ph.D Degree level.

Undergraduate bursaries cover university fees, accommodation, and also gives money for textbooks and spending money.

These are available for the following undergraduate degrees:

  • Engineering (B Eng, BSc Engineering – chemical, mechanical, electrical, civil, industrial, electronic, mining and computers).
  • Science 9BSc: chemistry, geology and metallurgy).
  • Commerce (BCom: accounting)

9. FirstRand

FirstRand offers the Laurie Dippenaar Scholarship, which is for students complete their postgraduate studies abroad in any country and any field.

The program covers a maximum period of two years to the value of R400,000 per year. This is to cover tuition, books, accommodation, meals and other relevant needs.

This scholarship has bursaries available in all fields of study, as long as it’s at any internationally-recognized university in any other country outside of South Africa.

Candidates have to return home to South Africa, work and stay in South Africa for a minimum period of five years after completing their studies.

Applications open from the beginning of January each year and close the end of February.

10. MTN

MTN offers a number of external bursaries to help boost and develop skills, especially for those coming from a previously disadvantaged background.

The MTN graduate program also looks to fill the openings within the company.

The company offers numerous bursaries across many fields, such as:

  • Human resources
  • Accounting
  • Computer science
  • Marketing
  • Technology
  • Computer engineering
  • and many others

The group specifies that while its bursaries are open to all, candidates from previously disadvantaged backgrounds will get preference.

Source: businesstech


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South Africa: Last Day of WEF Africa 2015

Pretoria — The World Economic Forum (WEF) Africa 2015 will wrap up later today after a host of ministers participate in various sessions.

Friday’s programme will include amongst others, Cooperative Governance and Traditional Affairs Minister Pravin Gordhan, speaking at a session on financial integrity, Minister in the Presidency Jeff Radebe attending a session on migration inside and outside Africa, Minister of Science and technology Naledi Pandor in a session on transforming Africa’s economies and Communications Minister Faith Muthambi in a session entitled The Big News.

Finance Minister Nhlanhla Nene is expected to participate in a session on Africa’s economic outlook.

It emerged from the Cape Town summit on Thursday that a future characterised by growth, development and prosperity will be critical to a reimagined Africa.

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This comes after President Jacob Zuma said a pre-condition required for the growth and development of the continent is a commitment to good governance and constitutional democracy.

He said this will lay the basis for the private sector on the continent and investors, to contribute to national growth and development targets, which further contributes to continental growth and development.

On Thursday, day two of the forum being held under the theme: “Then and Now: Reimagining Africa’s Future”, participants from around the world engaged meaningfully and robustly, emphasising that South Africa is open for business.

Tourism Minister Derek Hanekom carried forward the message that South Africa is committed to ensuring an open immigration policy that enables tourists and investors alike to enter the country.

It emerged from the Cape Town summit on Thursday that a future characterised by growth, development and prosperity will be critical to a reimagined Africa.

This comes after President Jacob Zuma said a pre-condition required for the growth and development of the continent is a commitment to good governance and constitutional democracy.

He said this will lay the basis for the private sector on the continent and investors, to contribute to national growth and development targets, which further contributes to continental growth and development.

On Thursday, day two of the forum being held under the theme: “Then and Now: Reimagining Africa’s Future”, participants from around the world engaged meaningfully and robustly, emphasising that South Africa is open for business.

Tourism Minister Derek Hanekom carried forward the message that South Africa is committed to ensuring an open immigration policy that enables tourists and investors alike to enter the country.

To deliver on the promise of development of the economy and citizens, this mineral wealth must be supported by beneficiation and industrialisation. This is key to national, and continental growth and development.

Also speaking at the WEF Africa 2015 on Thursday was Economic Development Minister Ebrahim Patel.

He said the South African produced Lodox scanner, a low-dose, full body x-ray scanner, builds on technology developed in the mining industry and is now an example of South Africa’s ingenuity and innovation.

The scanner has also been profiled on the medical drama Grey’s Anatomy.

According to Minister Patel, the scanner is being used increasingly in the public health sector.

Source: allafrica


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Zuma to lead delegation to WEF Africa

Pretoria – South African President Jacob Zuma will lead a high-powered government delegation to the World Economic Forum on Africa meeting taking place in Cape Town from 3-5 June.

In a statement released by the presidency on Sunday, it said Zuma would be accompanied by 12 ministers and a deputy minister, five provincial premiers and the mayors of metropolitan municipalities as well as several business leaders to help showcase South Africa and explore opportunities at the meeting.

Under the theme, “Then and Now: Re-imagining Africa’s Future”, the 25th World Economic Forum on Africa will convene African and global leaders from government, business and civil society to take stock of progress over the last 25 years, share insights on the present landscape and identify innovative approaches to accelerate inclusive growth while bringing about sustainable development in the future.

The participants include vice-presidents, prime ministers, former heads of state and government, ministers as well as chairmen and CEOs of global companies.

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“South Africa will use the WEF to showcase the country’s attractiveness as a business destination and that of the African continent in general,” the presidency said. “The President and his delegation will engage business leaders in various sessions to share the competitive advantages and respond to questions raised.

“The meeting will also be used as an important listening forum by government to take notes on issues of concern to business. These will be taken forward in government’s formal interface with South African business, the Presidential Business Working Group, Presidential Small Business Working Group and the National Consultative Forum on the Mining Sector.”

South Africa would market the country within the context of the National Development Plan, the presidency added.

The National Development Plan is a long term plan to develop an inclusive economy, create jobs, enhance the capacity of the state and promote partnerships throughout its society. According to the presidency, the aim of the NDP was to eliminate poverty and reduce inequality by 2030. It also committed the country to invest in a strong network of economic infrastructure designed to support the country’s medium and long-term economic and social objectives.

The NDP also highlighted the importance of Africa in South Africa’s development.

The presidency said South Africa would seek investment in the following job drivers which would be marketed during the WEF;

Infrastructure development.

Agriculture, forestry and fisheries

Mining and beneficiation,

Manufacturing including the incentives provided by government in various sectors for investors

The green economy

The ocean economy

Tourism

South Africa will showcase the ocean economy through the Operation Phakisa delivery model where four priority sectors had been selected as New Growth Areas in the ocean economy, with the objective of growing these and deriving value for the country and creating jobs. These were:

(a) Marine transport and manufacturing activities (such as coastal shipping, trans-shipment, boat building, repair and refurbishment);

(b) Offshore oil and gas exploration;

(c) Aquaculture;

(d) Marine protection services and ocean governance.

The presidency said Zuma would be accompanied at the WEF on Africa meeting by the following Ministers;

The Minister of Finance, Nhlanhla Nene, who would be the lead minister

The Minister for Planning, Monitoring and Evaluation in the Presidency, Jeff Radebe;

The Minister of International Relations and Cooperation, Maite Nkoana-Mashabane;

The Minister of Science and Technology, Naledi Pandor;

The Minister of Telecommunications and Postal Services, Siyabonga Cwele;

The Minister of Health, Aaron Motsoaledi

The Minister of Cooperative Governance and Traditional Affairs, Pravin Gordhan

The Minister of Environmental Affairs, Edna Molewa

The Minister of Economic Development, Ebrahim Patel,

The Minister of Mineral Resources, Ngoako Ramatlhodi,

The Minister of Energy, Tina Joemat-Pettersson

The Minister of Tourism, Derek Hanekom

The Deputy Minister of Trade and Industry, Mzwandile Masina representing Dr Rob Davies.

The Premier of the Western Cape, Helen Zille, of KwaZulu-Natal, Senzo Mchunu, of the Eastern Cape, Phumulo Masualle, of the Northern Cape, Sylvia Lucas and North West, Supra Mahumapelo would also form part of the government delegation.

Cape Town mayor Patricia de Lille will also attend, as will Buffalo City (East London) mayor Zukiswa Ncitha, Ekurhuleni Metropolitan Mayor Mondli Gungubele, Ethekwini Metropolitan Mayor James Nxumalo, newly elected Nelson Mandela Bay Mayor Danny Jordaan and City of Johannesburg Mayor Parks Tau.

“We are pleased and honoured that WEF has chosen our country to host West Africa this year. Both government and the business community welcome the opportunity to showcase our country. South Africa is open for business. The South African delegation will emphasise this message to business from both Africa and the world and showcase the enormous opportunities in our country,” Zuma said.

WEF Africa is the first of two major events South Africa is hosting in June, with the 25th Assembly of Heads of State and Government of the African Union set to take place in Gauteng from 7-15 June.

Source: iol


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Chamber of Mines Welcomes Plans to Revitalise Mining Towns

The Chamber of Mines of South Africa has welcomed government’s plans to revitalise distressed mining towns in the country, as announced by President Jacob Zuma during his State of the Nation Address.

“We believe that the industry can better assist government when infrastructure and basic services planning is a shared responsibility so that we begin to see the critical mass change in so far as addressing human settlement and other community needs,” said Vice President of the chamber, Khanyisile Kweyama.

On Thursday night, President Zuma announced that government had ring-fenced a total of R2.1 billion to revitalise distressed mining towns with R290 million having being approved for informal settlement upgrading in Mpumalanga, North West, Gauteng, Northern Cape, Limpopo and the Free State.

The Chamber of Mines said its member companies were implementing the Municipal Capacity Building Project which seeks to assist municipalities within mining provinces with scarce skills that were needed for better planning and project implementation.

The chamber was also pleased with government’s intention to fast track the establishment of the Mining LAB for the country.

“This initiative is a demonstration that indeed we are over talk shops but more focused on collective actioned premised on sound economic and administrative decisions and actions that can drive investment, growth and transformation in mining,” said Chief Operating Officer of the Chamber of Mines, Roger Baxter.

Baxter said the chamber was focused on working at a leadership level with government and other stakeholders to promote transformative change to grow investment in the mining sector.

The Chamber was encouraged that government was critically addressing the energy crisis facing the country.

“We are pleased by the pronouncements but we would like to hear more about what will be done on Eskom in the medium term so that that business gains the confidence that its production schedules will not be compromised,” said President of the Chamber of Mines, Mike Teke.

The Chamber said the mining industry was already playing a key role in electricity load reduction and was committed to working with government on sustainable solution, which included the supply from the Grand Inga Project.

“It is critically important for the mining sector and country that we drive collective solutions that restore Eskom’s reserve margin and builds competitive, stable and available electricity supply for the country in the medium and longer term,” the Chamber of Mines said.

The Chamber of Mines has appointed experts who will represent its members in dealing with illegal mining.

“This is a scourge and poses an intrinsic risk to companies, employees and the economy. From a safety point of view as companies we need to guarantee our workforce that these rouge elements will not put them at risk as they go on with their daily work and we have had to increase security measures,” said the second Vice President of the chamber and champion for the elimination of fatalities task team, Graham Briggs.

Source: All Africa


 

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