Register now and join more than 250 attendees who already registered to attend this premier annual event for professionals dealing with AML, compliance and financial crime
Don’t miss out. With only 1 week to go, the time is now to register and join colleagues from all the major banks, insurance companies, government, service providers and entities effected by money laundering at this important industry event.
Companies that are attending this year’s conference so far:
Sponsors joining the event
In addition to the delegates, the conference has excellent sponsors who are once again putting their weight behind this very popular event. Sponsors include gold sponsors Nice Actimize and the London Stock Exchange Group, silver sponsors Bateleur Software, IMTF, msg Rethink Compliance and Oracle, bronze sponsors Moody’s and SymphonyAI, and exhibitors iiDENTIFii, Ingenuous, VOCA, Searchworks, Datanamix, Contactable and Dow Jones.
Conference organiser TCI’s Project Manager, Zama Mthimkhulu said: “Delegates can look forward to speakers addressing high level and exciting topics. Attending also affords delegates excellent networking opportunities.”
Africa is at a pivotal moment in its fight against climate change, with the continent increasingly vulnerable to its impacts. Recent years have seen a rise in extreme weather conditions, and South Africa faces significant environmental challenges related to water scarcity, extreme weather events, and energy transitions.
Rising sea levels and storms are eroding Western Cape and KwaZulu-Natal coastlines, threatening properties, ecosystems, and infrastructure, and driving calls for improved coastal management and climate adaptation.
“The need for innovative climate solutions is urgent, and climate tech offers a path towards resilience and sustainability. The South African government has recognised this need, and there is a growing focus on fostering innovation in climate technology to address the adverse effects of climate change. For example, Cyclone Eloise, which affected Mozambique, brought heavy rains and strong winds to parts of Limpopo and Mpumalanga in January 2021, resulting in flooding, infrastructure damage, and disrupted agriculture,” says Buntu Majaja, CEO of the SA Innovation Summit.
“Innovative climate tech solutions are essential to mitigate these effects, and startups in the climate tech sector can increase public awareness about climate change and the importance of sustainability. Blended finance, which combines public, private, and philanthropic capital, is a powerful tool in achieving the Sustainable Development Goals, particularly those related to climate action (SDG 13), affordable and clean energy (SDG 7), and industry, innovation, and infrastructure (SDG 9). By leveraging different funding sources, blended finance structures can unlock significant opportunities for scaling climate tech innovations,” says Josh Romisher, Holocene – CEO.
However, building a climate tech business in Africa comes with its own challenges, particularly in terms of financing. Unlike more mature markets, Africa has a nascent venture capital ecosystem, which means limited access to funds needed for early-stage climate tech startups. This, coupled with inadequate infrastructure, such as unreliable power supply, poor internet connectivity, and the lack of efficient transportation and logistics’ networks, hinders the development and deployment of climate tech solutions.
In this context, investors often view African markets as high-risk due to political instability, regulatory uncertainty, and economic volatility – all of which lower the appetite for local investment. The prohibitively high cost of borrowing locally makes it challenging for start-ups to finance their operations through traditional debt. Additionally, a highly fragmented regulatory landscape across African countries presents complexities in cross-border operations and scale-up strategies.
Blended finance combines public, private, and philanthropic funds to de-risk investments in climate tech. Collaborating with governments and communities and using crowdfunding, green bonds, and impact investing can attract additional funding.
“Successful cleantech solutions require local tailoring, raising costs and complexity. Entrepreneurs and investors must consider collaborative strategies like blended finance models, local partnerships, and innovative financing mechanisms to empower local start-ups to innovate. At a regulatory level, engaging with policymakers to advocate for supportive regulations and incentives can create a more favourable environment for cleantech businesses,” adds Majaja.
Blended finance combines public, private, and philanthropic funds to de-risk investments in climate tech. Collaborating with governments and communities and using crowdfunding, green bonds, and impact investing can attract additional funding.
Blended finance has mobilised significant capital for tech start-ups. According to a report by the OECD, blended finance transactions attracted over $140 billion in private sector capital for development projects between 2012 and 2018. In Africa, blended finance initiatives are contributing to closing the funding gap for start-ups. For instance, the African Development Bank (AfDB) has partnered with various entities to leverage $100 billion in private sector capital by 2030.
“Providing funding to climate tech startups is essential for quickly addressing critical gaps and driving measurable impact. It helps overcome shortages in R&D facilities, local STEM talent, and fosters a supportive ecosystem through education and training,” concludes Majaja.
Success Stories:
Zimi Charge, a Cape Town-born electric vehicle (EV) startup is playing a crucial role in driving South Africa’s transition to a greener economy by providing accessible and sustainable electric vehicle (EV) charging solutions. With over 350 charging stations in SA, Zimi Charge enables EV owners to charge their cars anywhere, sing the mobile app to find, charge and pay at any of their charging stations, as well as other public charging stations. Zim Charge clients can reduce fuel costs by up to 90% while enhancing their market differentiation through improved consumer perceptions of their commitment to sustainability and innovation.
Plentify is a start-up focusing on smart energy management solutions designed to optimise energy usage and reduce carbon footprints. The company’s flagship product -“HotBot,” is a smart water heating solution that integrates with the electrical grid to manage and control energy consumption efficiently. Plentify solutions allow customers to reduce peak energy by 40% and maximum monthly demand by 50% through intelligent coordination of geysers. For many, the solutions have helped minimise insurance claims with advanced leak detection, identifying over 99% of known geyser leaks.
Blended finance enabled both start-ups to scale their operations more rapidly with Zimi Charge expanding its EV charging network across South Africa, while Plentify deployed its smart energy management systems more widely to achieve impact such as reducing carbon emissions and promoting sustainable energy use.
About The SA Innovation Summit (SAIS)
The SAIS is an organisation devoted to entrepreneurs in all tech industries, all stages, from incubation, throughout the entrepreneurial lifecycle. The SAIS mission is to catalyse economic growth on the African continent by connecting tech entrepreneurs to capital, skills and markets. The vision is to be the go-to entrepreneurship community on the African continent, facilitating and enabling the growth of tech and tech-enabled start-ups.
About Holocene
Holocene is a co-sponsor for the SA Innovation Summit’s Climate tech programming track and will be speaking at the summit powered by the Technology Innovation Agency to showcase opportunities for startup climate tech businesses in Africa.
Register to attend and learn more at the SA Innovation Summit hosted in the City of Cape Town on September 19-20, 2024, here.
No matter how big or small, any business can be a target for cyber attackers. While some business owners think they’re too small to be noticed, the numbers tell a different story. In 2023 alone, over 343 million people fell victim to cybercrimes, and it doesn’t look like it’s slowing down.
Any organisation – whether it’s in the private sector, public sector, or even a charity – can be hit by a cyberattack. Hackers don’t discriminate; they go after companies of all sizes. In fact, small businesses are targeted 43% of the time, but only 14% are ready to defend themselves.
Warren Bonheim, Managing Director of Zinia
“Understanding the commonalities between victims and knowing how hackers select their targets is crucial to developing strong cybersecurity defences,” says Warren Bonheim, Managing Director of Zinia, a leading IT technology group and Managed Services Provider.
“For most hackers, the main motivation behind their attacks is pretty straightforward: money. That’s why they often use tactics like ransomware to blackmail their victims or phishing schemes to trick people into making fake payments. However, there are other reasons too.”
So, what makes your business a tempting target for hackers? Let’s break it down:
1. Money and information
Most hackers are after one thing: money. They might target a business because of its financial worth or the valuable information it holds. “Personal data, like financial details and customer info, can be sold on the dark web,” says Bonheim. That’s why companies with a lot of customer data, like those in the financial services industry, are prime targets.
2. Corporate espionage
Some hackers target businesses not just for money but for valuable information like trade secrets, intellectual property, or confidential plans. This stolen data can be sold to competitors or used to gain a market edge. Bonheim stresses that in some cases, hackers are even hired by rival companies to engage in corporate espionage, stealing product designs and strategic plans.
3. Weak security
Hackers often go for businesses with weak cybersecurity. They know smaller and medium-sized companies may not have the best defences. They use tricks like pretending to be a trusted source or sending enticing offers to get employees to click on links or open malware-infected attachments.
4. Causing chaos
Some hackers aren’t after money; they just want to cause disruption. They often target service providers or companies with many connections, aiming to create a domino effect of chaos. “By disrupting these businesses, they can affect a broader network, amplifying the impact of their actions,” he says.
5. Website attacks
Websites built on platforms like WordPress with many plugins can be vulnerable to attacks. Hackers might exploit these weaknesses to take down the site and demand a ransom. Bonheim stresses that often, these cyber attackers seek multiple smaller payouts instead of a single large one, making it easier to pressure businesses into paying.
6. Blackmailing executives
Hackers often target executives, as they have much to lose. By accessing sensitive information on their phones or social media accounts, hackers can blackmail them, threatening to release damaging information unless paid. This tactic leverages the personal and professional stakes involved, making it a potent tool for extortion.
7. Personal vendettas
Sometimes, hackers are motivated by personal grievances. They might target someone or a company to settle a score. “Protect yourself by using strong passwords, enabling two-factor authentication, and being cautious of suspicious emails,” he says.
8. Opportunistic attacks
Not all attacks are targeted. Some hackers use bots to cast a wide net, looking for any vulnerable system they can find. They send phishing emails to trick employees into clicking on links, which can then be used to launch further attacks.
In the end, it’s not just the big companies at risk. Anyone can be a target. So, it’s crucial to stay vigilant and protect your business from potential threats.
Interview with Renishaw Managing Director Barto van der Merwe in KwaZulu-Natal Business 2024/25:
Where is the Renishaw Coastal Precinct?
The 1 300ha Renishaw Coastal Precinct falls within two municipalities: eThekwini in the north and Umdoni in the south. It’s located in the KwaZulu-Natal Mid-South Coast on prime land adjacent to the ocean, just 45 minutes from King Shaka International Airport and with access to the N2.
What is your vision for Renishaw Coastal Precinct?
Our vision is to enhance the Mid-South Coast through strategic land sales that provide essential community facilities such as hospitals, schools and shopping centres. Our focus is community development over profit, which means creating symbiosis with the existing community.
Our pending donation of 142ha of adjacent land to the community of Amandawe under the KwaCele Tribal Council (KTC) and the 10% stake in the development company will be acquired by the KTC through a buy-out process to ensure community inclusivity and prosperity.
How is Renishaw Coastal Precinct different from other developments?
At Renishaw Property Developments, a proud subsidiary of the JSE-listed Crookes Brothers Limited, we prioritise the conservation of the region’s natural beauty. Our development spans an impressive 1 300ha, but unlike other projects that cram as many units as possible into small spaces, we are dedicated to preserving the land.
Only 20% of our property will be developed, with the remaining 80% transformed into a stunning conservation area. This approach creates one of South Africa’s largest and most unique developments, offering a harmonious blend of modern living and nature. With our deep historical ties to the region, we’re committed to building a community that embodies sustainable luxury and unparalleled quality.
Credit: Renishaw Precinct
Our vision is to create a self-reliant, sustainable commuter development that offers significant investor advantages. With a prime location, subtropical climate, competitive property prices, secure water provision and sanitation, on-site healthcare and education and comprehensive zoning, we’re attracting investors who share our vision for inclusive community development.
Why was Renishaw Hills mentioned at the 5th South Africa Investment Conference (SAIC) in 2023?
Renishaw Hills, a mature lifestyle estate and the first development within the Renishaw Coastal Precinct, represents R500-million of an anticipated R15-billion investment.
As part of Node 1 in a five-node precinct, it promises significant socio-economic benefits. With 2 500 residential opportunities for 7 500 people and thousands of jobs, the precinct was recognised by President Cyril Ramaphosa for its investment pledge at the 2023 South Africa Investment Conference.
Is Renishaw Hills sold out or are stands available?
Phase 5 is completely sold out and the most recent section, Phase 6, is already 70% sold out, with its high-end free-standing units and maisonettes in demand. The highly anticipated apartments are launching in 2024, with Phase 7 set to dazzle in 2025, providing further investment opportunities in this quality estate for those over 50.
The semigration trend has seen residents from KwaZulu-Natal and Gauteng investing in Renishaw Hills, with ex-pats returning to the region to take advantage of the affordability, quality lifestyle, subtropical climate and high-end amenities. The buy-to-rent market is also strong with younger investors buying in Renishaw Hills enjoying great rentals with a long-term vision of living here.
The precinct is attracting interest from reputable organisations, who share our vision for a development that enhances the entire KZN Mid-South Coast. This includes a local company building the filling station, a respected school group that will establish the region’s first private school, a renowned hotel chain and developers of a shopping centre that have invested, with a well-known church group currently finalising a deal.
Renishaw Managing Director Barto van der Merwe
What are the key attractions of the area?
The KZN Mid-South Coast is renowned for its laid-back outdoor lifestyle and boasts several seaside attractions. Scottburgh Beach is ideal for swimming, surfing and sunbathing and there are world-class dive sites – the nearby Aliwal Shoal and further south, Protea Banks.
There are many great golf courses, hiking and biking trails, nature reserves as well as community events that take place throughout the year.
Biography
Barto van der Merwe is an accomplished Managing Director with extensive experience in the construction industry. He holds a Bachelor of Engineering in Structural Engineering from Technological University Dublin and is recognised as a Chartered Engineer in Ireland and a Professional Engineer in South Africa.
Skilled in structural and building engineering management and in corporate leadership, Barto is also a strong community and social-services professional, bringing a wealth of knowledge and leadership to his role.
In an increasingly competitive global economy, businesses are seeking innovative ways to secure a skilled and capable workforce. One of the most effective strategies is investing in youth through bursaries, which not only fosters the development of future talent but also enhances long-term talent recruitment efforts. This article explores the significant benefits of bursary programs, emphasizing their impact on building a skilled workforce and positioning businesses for sustainable success.
We will examine this from both South African and international perspectives, highlighting how such investments can drive economic growth and ensure a steady pipeline of top-tier talent.
The strategic value of bursaries
Bursaries serve as a strategic tool for businesses to invest in their future workforce. By offering financial assistance to students, companies can directly influence the education and development of individuals who may later become valuable employees. This approach is particularly beneficial in South Africa, where access to quality education remains a challenge for many. According to a 2022 report by McKinsey & Company, targeted educational investments are crucial for addressing skills gaps and driving economic growth in emerging markets like South Africa.
Internationally, bursaries are also recognized as a powerful means of securing future talent. In the United States, for example, companies that invest in educational programs not only contribute to social responsibility goals but also enhance their talent pipelines. A 2023 study by the Harvard Business Review found that businesses with robust bursary and scholarship programs report higher employee retention and engagement rates, as these initiatives help cultivate a sense of loyalty and commitment among recipients.
Ensuring a skilled future workforce
The most immediate benefit of bursary programs is the creation of a skilled future workforce. By providing financial support for education, businesses ensure that students have access to the resources they need to succeed academically and professionally. This is particularly important in fields where specialized knowledge and technical skills are required, such as engineering, technology, and healthcare.
In South Africa, where the unemployment rate has increased by 0.6 percentage points from 32.9% in Q1 2024 to 33.5% in Q2 2024, especially among young people, bursaries can play a crucial role in bridging the skills gap. By supporting students in their educational journeys, businesses can help cultivate a workforce that is not only skilled but also aligned with industry needs. This alignment ensures that graduates are job-ready and equipped with the competencies required to thrive in their chosen careers.
Globally, the importance of a skilled workforce cannot be overstated. As industries continue to evolve due to technological advancements, the demand for highly skilled professionals is increasing. Bursaries enable businesses to invest in the education of individuals who will drive innovation and growth in the future. A 2021 report by the World Economic Forum highlighted that companies that invest in education and skills development are better positioned to adapt to industry disruptions and maintain their competitive edge.
Enhancing talent recruitment
Bursaries not only build a skilled workforce but also significantly enhance talent recruitment efforts. By supporting students during their education, businesses can establish early connections with potential future employees. This early engagement allows companies to identify high-potential individuals and nurture their development, ensuring a seamless transition from education to employment.
In South Africa, where competition for top talent is fierce, bursaries offer a unique advantage in the recruitment process. Companies that provide bursaries often have first access to graduates, allowing them to secure top talent before competitors. This approach also fosters a sense of loyalty among bursary recipients, who may feel a strong connection to the company that supported their education.
Companies that provide bursaries often have first access to graduates, allowing them to secure top talent before competitors.
On an international level, businesses are increasingly recognizing the value of bursaries in talent acquisition. In Europe, for example, multinational corporations often partner with universities to offer bursary programs that attract top students. A 2022 survey by PwC found that companies with bursary programs report a higher success rate in recruiting candidates with the specific skills and qualifications needed for their roles. This targeted recruitment approach ensures that businesses can fill critical positions with individuals who are not only qualified but also culturally aligned with the organization.
The broader impact on Corporate Social Responsibility
Investing in youth through bursaries also contributes to a company’s corporate social responsibility (CSR) initiatives. By supporting education, businesses demonstrate their commitment to social and economic development, which can enhance their reputation and brand image. This is particularly relevant in South Africa, where businesses are increasingly expected to contribute to social upliftment and transformation.
Bursaries align with CSR goals by providing opportunities for disadvantaged students to access higher education. This not only helps to level the playing field but also contributes to the creation of a more inclusive and diverse workforce. According to a 2021 report by Deloitte, businesses that prioritize diversity and inclusion are more likely to experience higher levels of innovation and financial performance.
As industries continue to evolve and the demand for skilled professionals increases, businesses that invest in education will be better positioned to navigate the challenges of the future and achieve sustainable success.
Internationally, the CSR benefits of bursary programs are equally significant. Companies that invest in education are often seen as leaders in social responsibility, which can enhance their attractiveness to customers, investors, and potential employees. A 2023 report by McKinsey & Company noted that businesses with strong CSR programs, including bursary initiatives, are better positioned to attract and retain top talent, particularly among younger generations who prioritize social impact in their career choices.
Investing in youth through bursaries is a strategic move that ensures a skilled future workforce and enhances talent recruitment efforts. For businesses in South Africa and globally, bursary programs offer a unique opportunity to influence the development of future talent, secure top-tier candidates, and contribute to broader social and economic goals.
As industries continue to evolve and the demand for skilled professionals increases, businesses that invest in education will be better positioned to navigate the challenges of the future and achieve sustainable success.
References
McKinsey & Company. (2022). The Future of Work: Building Skills and Capabilities for a Resilient Workforce. Retrieved from [https://www.mckinsey.com/]
Harvard Business Review. (2023). Investing in Talent: How Bursary Programs Enhance Recruitment and Retention. Retrieved from [https://hbr.org/]
World Economic Forum. (2021). The Future of Jobs Report 2021. Retrieved from [https://www.weforum.org/]
PwC. (2022). Talent Acquisition in the Digital Age: The Role of Bursaries and Scholarships. Retrieved from [https://www.pwc.com/]
Deloitte. (2021). Diversity and Inclusion: The Business Case for Investment. Retrieved from [https://www2.deloitte.com/]
The annual Manufacturing Indaba will be hosted with the theme “Localisation in Africa”. Given the impact of the pandemic, all nations require efficient industrial bases to meet changing needs in a globalised world. Southern Africa has developed an established and diversified manufacturing base that has shown its resilience and potential to compete in the global economy.
Collaboration and investments by both the public and private sectors in manufacturing is essential for regional and continental growth. The aim of the annual Manufacturing Indaba is to bring together manufacturing business owners, industry leaders, government officials, capital providers and professional experts to explore opportunities and to grow their manufacturing operations.
The Manufacturing Indaba is the leading manufacturing event in Sub-Saharan Africa. The event has proved its value in catalysing business connections and helping manufacturers to innovate and grow to achieve their potential.
Manufacturing Indaba Conference & Exhibition 22 – 23 October 2024
Sandton Convention Centre, Johannesburg, South Africa
Siyathemba Police Station. Credit: Anglo American/Kumba Iron Ore
Wednesday 8 May 2024 marked a significant milestone in the journey of the Dingleton Resettlement Project as Kumba Iron Ore proudly announced the official handover of the Siyathemba Police Station. This momentous occasion signified the culmination of years of hard work, collaboration and unwavering commitment to the well-being of the community.
The Siyathemba Police Station handover is a testament to the power of collaboration and collective action. Since the inception of the resettlement project in 2012, Kumba Iron Ore, together with the community of Dingleton, the Northern Cape Provincial Government and the Gamagara Local Municipality, has been dedicated to ensuring the success of this endeavour.
“We are honoured to mark the official handover of the Siyathemba Police Station,” said Pranill Ramchander, Executive Head of Corporate Affairs at Kumba Iron Ore. “This event represents a significant milestone in the journey of the Dingleton Resettlement Project, and it is a testament to the power of collaboration and collective action that brought us to this point today.”
“The Siyathemba Police Station stands as a beacon of unity and progress, thanks to partnerships like these,” noted Bernice Swarts, Deputy Minister of the Department of Public Works and Infrastructure. “As we celebrate the handover of the Siyathemba Police Station, let us recognise Kumba Iron Ore’s noble contribution. Just as iron is forged into strength, their commitment to community safety is a testament to their dedication.”
The Siyathemba Police Station is not just a physical structure but a symbol of security and safety for the community it serves. With its increased size and modern amenities, the station is poised to safeguard the well-being of all residents and stakeholders.
“This milestone follows the recent handover of 10 of the 142 RDP houses in March, demonstrating Kumba Iron Ore’s commitment to ensuring safe and secure homes for former Dingleton residents,” Ramchander added.
Each day, we see South Africans building, brick by brick, inch by inch, the South Africa of their dreams.
“As a responsible company, Kumba will continue collaborating with relevant stakeholders including the Siyathemba leadership to ensure we fulfil and support the development of the Siyathemba community,” he continued.
Kumba Iron Ore recognises the remarkable commitment of its various stakeholders, including the Provincial SAPS, Gamagara Local Municipality, the Northern Cape Provincial Government, the Department of Mineral Resources and Energy and the Department of Public Works, each of whom has played a pivotal role in making this vision a reality.
Moving forward, the focus shifts towards utilising this facility for the continued safety and betterment of the community. Kumba Iron Ore invites all stakeholders to join hands in ensuring that the Siyathemba Police Station remains an example of what is possible when we unite in purpose and pursue a common goal.
Building the South Africa of their dreams
Extracts from the speech of Bernice Swarts, Deputy Minister of the Department of Public Works and Infrastructure:
It is an absolute honour and joy to participate at this important handover of the Siyathemba Police Station in Gamagara Local Municipality under the John Taolo Gaetsewe District Municipality. May this police station live up to its name of Siyathemba, and indeed fulfil its promise of being a foundation for social cohesion, a cornerstone in the national effort of arresting crime and a pillar for community safety.
This day is meant not only for celebrating successful infrastructure delivery. It is also a day of celebrating Public-Private Partnerships and the role of big business in the reconstruction and development of our country. It is a day of celebrating collaboration and cooperative governance which has ensured the successful delivery of this critical community asset.
Each day, we see South Africans building, brick by brick, inch by inch, the South Africa of their dreams.
Kumba Mine is at the forefront of reimagining mining to improve the lives of communities. We applaud it for being a partner in sustainable mining and an ally in building resilient, thriving communities.
In January 2024 President Cyril Ramaphosa was on hand to oversee the first goods leave South Africa from the Port of Durban under the African Continental Free Trade Area (AfCFTA), the agreement whereby most African countries will trade with one another with greater freedom. Unlike other continents where intra-continental trade has boosted economic growth, exports between African countries is at about 16%. Asia is 55%, North America 49% and the EU 63%.
The first steps in a move by national government to partner with the private sector in boosting efficiency at ports were taken in 2022: deals were signed at the Port of Durban and at Richards Bay.
In 2023, these first steps became a giant leap when International Container Terminal Services Inc (ICTSI), a Philippines-based port operator, was announced as the preferred partner for a joint venture (JV) to run the Durban Container Terminal with Transnet. Getting the deal over the line might take longer as logistics giant Maersk has lodged objections over the process.
ICTSI operates in 20 countries and employs more than 11 000 people. Transnet will hold 50% plus one share in the JV for 25 years, with an option to extend to 30 years. From the initial list of 17 potential partners, ICTSA was eventually chosen from a shortlist of six. Part of the plan for Durban Container Terminal Pier 2 is to increase traffic in such a way that it will be able to increase its handling capacity from the present 2.9-million TEUs (two-million 20-foot equivalent units) to 11-million TEUs by 2032.
The 2022 deal involving a 15-year concession for the loading of grain at one of Durban’s agricultural terminals was won by Afgri, one of South Africa’s biggest agricultural firms. Afgri will deal with the operation and maintenance of all landside operations, and the deal includes a similar arrangement at East London. The other two terminals in Durban are operated by SA Bulk Terminals and Bidvest Bulk Terminals.
At the event, pictured below, President Ramaphosa commented, “Industrial development is core to Africa’s integration. It builds Africa’s productive capacities, adds greater value to our products and diversifies trade beyond the traditional commodities. We have already seen the potential of greater cross-border collaboration.
“South African automotive companies source leather car seats from a factory in Lesotho employing close to a thousand workers and wiring harnesses from Botswana at two plants employing several thousand workers.” He further noted that copper wire is sourced from Zambia, rubber from Cote d’Ivoire, Nigeria, Malawi, Ghana and Cameroon, and steering wheel components from Tunisia.
In January 2024, President Cyril Ramaphosa was on hand to sign off South Africa first trade shipment under the African Continental Free Trade Area (AfCFTA) at the Port of Durban. He was joined by Minister of Public Enterprises Pravin Gordhan, Transnet Acting Group Chief Executive Michelle Phillips and SARS Regional Director Dan Zulu. Credit: GCIS
Ramaphosa’s attendance at another event signalled that there is sincere interest in the upgrading of logistics infrastructure. The President returned to Durban in April 2024 to officially launch the Newlyn PX Bayhead rail terminal. The multimodal hub will handle, store and make possible the loading and movement of many kinds of cargo, including containers. The facility is adjacent to the Port of Durban.
KwaZulu-Natal’s two big original equipment manufacturers (OEMs), Toyota South Africa and Bell Equipment, are among the province’s biggest exporters. From its factory south of Durban Toyota exported 71 014 Hilux vehicles in 2023, to go with the 37 382 units of the same model that it sold locally.
About 40% of Bell Equipment’s South African turnover is accounted for by exports, which are sent to more than 80 countries. The company has a large plant in Richards Bay as well as a facility in Germany. Bell was the first winner, in 2019, of the Exporter of the Year Awards for capital equipment manufacturers offered by the South African Capital Equipment Export Council (SACEEC).
In 2023, Bell launched a new division, Bell Heavy Industries. Project engineering and contract manufacturing will be the focus of the division, which builds on seven decades of experience in complex engineering, heavy fabrication, and machining for its own range of material handling equipment.
In 2024, the company welcomed a new Group CEO. Having previously worked at the company his grandfather Irvine Bell founded in 1954, Ashley Bell co-founded Matriarch Equipment with his brother, Justin Bell, in 2009, and continued to act as a director of Bell from 2015. One of the first tasks of the new CEO was to announce that a new Bell Motor Grader would be manufactured at the Richards Bay plant from 2025.
Bell Equipment has launched a new division, Bell Heavy Industries. Credit: Bell Group
Energy plans
The Provincial Government of KwaZulu-Natal has created a KZN Energy War Room. Over and above the interventions into energy efficiency of government buildings and investments in things like solar panels, and plans to continue rolling out electricity connections to previously unserviced households, the administration intends turning Richards Bay into an energy hub.
This ambition received a boost in 2023 with the decision by the National Energy Regulator of South Africa to approve Eskom’s application to build a 3 000MW gas power station at Richards Bay.
Battery storage has made a debut in the province as well. South Korean firm Hyosung Heavy Industries has signed on to implement the Eskom project to create a battery energy storage system, in this instance in the uMgungundlovu District Municipality.
In 2023, Premier Nomusa Dube-Ncube said that, in addition to the R97-billion Eskom project, the following facilities would be established at the deepsea port:
Mabasa Energy and Fuels, R10-billion
NFE BGE Gas Supply, R25-billion
Phakwe RBGP, R34-billion
An earlier announcement on the energy front by President Ramaphosa that private investors could generate up to 100MW without having to go through a tangled web of licence procedures was a boon for the province’s larger companies. The likes of Sappi and Mondi produce great quantities of biomass waste and all of the province’s sugar producers are potentially generators of electricity.
Many of them already are producing power for their own use, now they can sell it to the grid.
The signing of a long-term contract for energy supply by Eskom and South32 for its Hillside Aluminium smelter was another very welcome step in the energy field. The deal expires in 2031.
Every kind of business is turning to renewables. The Creighton Valley Cheese Company has been solar-powered since 2020. Credit: SolarSaver
In the oil and gas sector, the big issue of SAPREF, South Africa’s largest crude oil refinery which suspended operations in 2022, has been solved in the sense that the Central Energy Fund has purchased it. However, whether it will return to refining oil is an open question.
Conducive environment
The province’s existing infrastructure, good soils and fine weather provide a solid base for a varied economy. KwaZulu-Natal has significant capacity in heavy and light manufacturing, agro-processing and mineral beneficiation, all of which is supported by South Africa’s two busiest ports (Richards Bay and Durban), the country’s most active highway (the N3), a modern international airport and pipelines that carry liquids of all types to and from the economic powerhouse of the country around Johannesburg in the interior.
Mondi and Sappi, two global giants in forestry, paper and packaging, have a significant presence in KwaZulu-Natal.
Tourism is a key sector in the KwaZulu-Natal economy and provides livelihoods to many thousands of families in urban and rural areas. The closing of borders brought real hardship to many areas.
A number of flights have been resumed to King Shaka International Airport by the likes of Turkish Airlines and a new flight has been inaugurated by SA Airlink, connecting the province to Zimbabwe.
The provincial government is working on an investment pipeline, through the Special Economic Zones (SEZs), of R22-billion. The SEZs at Richards Bay and King Shaka International Airport (the Dube TradePort) are key components of the strategy and are now well-established nodes of investment.
Milestones have been reached in the plan for creating further SEZs to focus on leather and textiles. A business case has been completed by units within the provincial government and land at Ezakheni (Ladysmith) in the uThukela District has been identified and secured. Dube TradePort will be the SEZ operator and R780-million in investments has been pledged by companies keen to relocate to the SEZ.
To spread the benefits of the SEZ, the concept of “The Textile Belt” will be followed. The corridor approach will leverage comparative advantages of various regions in the clothing and textile value chain.
Read the 2024/25 edition of KwaZulu-Natal Business eBook here:
Factory footprint after earthworks completion. Credit: NESA
The Eastern Cape’s economy is poised for growth with the ongoing construction of a new wind turbine concrete tower factory in Jeffreys Bay, scheduled for completion by September 2024.
“The construction of the plant is stimulating the local economy and fostering growth in the local supply chain through increased demand for raw materials and related goods and services, which is benefiting local businesses and suppliers,” stated David Moncasi Hortet, Head of Sales for Africa at Nordex Energy South Africa.
Spanning just under 10 hectares, the factory will create approximately 200 jobs during construction and employ around 350 people once manufacturing begins.
Located about 1.5 hours from the Port of Ngqura, the factory will produce 120m high towers for three wind farms with a combined capacity of 336 MW, significantly boosting the country’s renewable energy share, enhancing energy security, whilst solidifying the region as a leading wind power zone with 13 wind farms.
“We believe the new production hub may enhance our competitiveness in future bidding processes, while also demonstrating the versatility and proven technology of our in-house concrete towers,” concluded Moncasi.
Means and tools offloading. Credit: NESA
About Nordex Energy South Africa
Nordex Energy South Africa Ltd. (NESA), boasts a total installed capacity of more than 1GW, making it the market leader with 32% market share on the total installed wind capacity in South Africa. By Q1 2022 NESA would have built and will be operating (O&M) nine wind farms (1.1GW) in the country, under the REIPPP Programme.
The Nordex Group focuses on development, manufacturing, project management and servicing of onshore wind turbines and this has been the core competence and passion of the Nordex Group and its more than 10,000 employees worldwide for 35 years. With the merge with Acciona Windpower in 2016, the Nordex Group has become a global player and one of the world’s largest wind turbine manufacturers.
Pinpoint Stewards are honoured to announce DMRE, Elizabeth Marabwa, Chief Director: Programme and Projects Management Office, will be delivering a keynote address on Supporting and developing women in mining, at the Annual Women and Leadership in Mining Conference taking place on 28 & 29 August at the NH Collection Hotel.
“Legislation, proposed white papers and labour guidelines have been put in place to overcome barriers for women wanting to enter into a mining career, but it is clear in equity numbers that a more accelerated approach is needed through implementation,” says Ankia Roux, Co-Owner, Pinpoint Stewards. She adds: “Now more than ever a shift has taken place and mining companies have realized the true value of having women at all levels of their mine, I believe we can look forward to new strategies of implementation in the year to come.”
With an 12-strong-speaker-line-up, the aim of the organisers was to profile these exceptional women-in-mining and this was achieved through equal reporting of the event by their media partners over the past four months. To add to the excitement and momentum gained, the conference will be attended by the DMRE as speaker to give their support to gender mainstreaming and transformation while engaging with industry and giving feedback on their current initiatives on the road ahead for the advancement of women at all levels.
This year’s line-up will once again ensure that delegates leave with the knowledge of current opportunities available to them. The inspirational speakers at the two day conference include:
Nozipho Dlamini, Mine Manager, THUNGELA RESOURCES
Dr Adwoa Boaduo Issaka, Unit Manager Safety, GOLDFIELDS
Nandi Sibanyoni, Executive Head SHE, ANGLO AMERICAN – KUMBA IRON ORE
Hendrietta Sarile, Environmental Coordinator: Systems and Compliance Exploration, IVANPLATS
Cynthia Muvhango, Mine Engineer, FOSKOR PTY LTD
Kristell Holtzhausen, Company Secretary, (Previously) African Rainbow Minerals LTD – Ferrous Division (Assmang) & Independent Governance Consultant to various mining companies
Find out more about this year’s speakers hereand here
Topics that will be discussed include:
Opportunities and challenges in doubling the percentage of women in mining
Overcoming the age-old barriers of stereotyping, pay gaps, lack of career advancement, adaptation of workplaces, imposter syndrome to name a few
Mental health as a barrier and enabler for women in sustainable mining
The benefits of retaining and developing women in mining
Becoming a successful leader in mining
Modernization towards safety and sustainability for women
Eradicating sexual harassment, GBV and bullying in the workplace
Discussing current enabling legislation and proposed white papers to progress women at a faster pace.
Empowerment partners can look forward to a 2-day conference with enough time allocated for open forum discussions after each speaker and a panel session looking at the composition of women in mining committees to represent women at the highest level. Delegates can look forward to a women’s month welcome gifts and networking high-tea to exchange business cards, talk strategy while interacting with women across various sectors within mining.
Giving back – Pinpoint Stewards will be donating a percentage of the proceeds to beneficiaries WiMSA and Lighthouse Baby Shelter. Annually 20 post-graduate students attend the conference for free, to meet a mentor, job shadowing opportunity or a career in mining sponsored by Pinpoint Stewards.
Official Media partners to the conference: African Mining, Global African Network and Mining Weekly, reporting on women making a difference in the sector.
For further enquires or to become an exhibitor/sponsor/partner:
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checkbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
What is your vision for Renishaw Coastal Precinct?
