Custom Search

Money Transfers Job Africa Map Weather

Tag Archive | "marketing"

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Fi Istanbul’s Success Demonstrates Unlimited Market Opportunities in Turkey, the Middle East & North Africa

Posted on 18 May 2013 by Africa Business

Staggering 3,000 Visitors + 150 Exhibiting Brands and Record Re-Booking Volumes for the 2014 Event

Yes, we’ve got a lot to shout about and so we would like to start with a huge thank you to all of our exhibitors who helped to make Food ingredients Istanbul such a great success. As the only dedicated food ingredients event in the region, last week’s highly successful show demonstrates that this region is thriving and thirsty for the very latest ingredients, solutions, innovations and networking opportunities.

We are delighted to announce that Food ingredients Istanbul exceeded all forecasts and expectations with the impressive amount of 3,000 visitors and a 94% rebooking rate. As a launch event, Fi Istanbul welcomed attendees from over 80 different countries, filling all aisles and bustling exhibitor stands.

It is clear that the industry responded well to this launch event. Building on the high growth rates that the food industry is experiencing in this region, Fi Istanbul provided a strong platform for all food and beverage manufacturers to source from over 150 local, regional and international food ingredients suppliers.

The response from the exhibitors was overwhelming! Many claimed to have had one of the best shows ever, with a high quality of visitors, a steady flow of traffic during the 3 days and a good mix of visiting companies, including food manufacturers from dairy, ice cream, confectionary, meat, poultry and many more.

Turkey, for a global company, is a very important market for us to be close to our customers. Food ingredients Istanbul has been a great experience to meet new customers in 3 days and share projects, prototypes, concepts and innovations” Luis Fernandez , Vice-President Global Applications, Tate & Lyle

Natasha Berrow , UBM’s Brand Director, also commented, “Last week’s event really did surpass even our expectations! The positive response to this launch event, the new Fi branding and signage provided the innovative environment that such a growing region deserves.”

She continued “the record re-bookings are further indication that exhibitors see Fi Istanbul as the place to continue to meet their customers and to expand into this booming region. I’d like to express our appreciation for the tremendous and ongoing support of all our customers.”

“We are very impressed by the quality of visitors; quality is more important than quantity. We found a lot of good customers that we’ll probably start new business with” Stella Wu , International Sales Manager, JK Sucralose

Visitor feedback also surpassed all expectations. The great mix of local, regional and international food ingredients suppliers was complimented by many attendees looking to source new ingredients from companies they never heard of.

“I want to know new suppliers and I want to see some different varieties of products that I can use for my customers. This is the first year for this exhibition and it feels like it has being a successful opening and I’m sure it will get greater and bigger in the coming years.” Meleknur Tuzun, Sales Manager, Agrana

Fi Istanbul is a key part of the Food ingredients Global Portfolio strategy to extend the its brand into new regions, offering exhibiting clients a platform to engage with new customers and present their new business growth opportunities. With the key focus on business development, innovation and trade, in a region with one of the fastest economic growth rates in the world, Fi Istanbul proved to be one of the most cost-effective platforms to source new ingredients, grow market share and act as a stepping stone to this vastly and yet close to untouched food industry.

 

About Fi ingredients Global – the trusted route to market since 1986

Food ingredients first launched in Utrecht, The Netherlands in 1986 and its portfolio of live events, publications, extensive database, digital solutions and high-level conferences are now established across the globe to provide regional and a global meeting place for all stakeholders in the food ingredients industry. Over 500,000 people have attended our shows over the years, and billions of Euros of business have been created as a result. With over 25 years of excellence, our events, digital solutions and supporting products deliver a proven route to market with a truly global audience.

About UBM Istanbul

UBM Istanbul was established in April 2012 to connect people and create opportunities for companies wishing to build business between Europe and Asia, meet customers, launch new products, promote their brands and expand their markets. Premier brands such as Fi Europe, CPhI, IFSEC, Black Hat, Mother & Baby Show , Jewellery and many others and will become an integral part of the marketing plans of companies across more than 10 industry sectors.

About UBM

UBM plc is a global events-led marketing services and communications company. We help businesses do business, bringing the world’s buyers and sellers together at events and online, as well as producing and distributing specialist content and news. Our 5,500 staff in more than 30 countries are organised into specialist teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.

For more information, go to http://www.ubm.com

SOURCE UBM Live

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

2013 Pick n Pay Knysna Oyster Festival Programme full of New Highlights

Posted on 18 May 2013 by Africa Business

The programme for the 2013 Pick n Pay Knysna Oyster Festival is growing, with new and exciting events joining the stable of old favourites. “Last year’s programme sported more than 100 events,” said Festival Manager Nicci Rousseau-Schmidt. “And it is already clear that we’ll top that number this year.”

The Pick n Pay Women’s Walk will take place on Sunday 7 July. The Women’s Walk is a popular event that takes place across South Africa. Bronwen Rohland Marketing Director Pick n Pay said, “This 5km event raises funds for PinkDrive, an organisation that provides free breast cancer screening and health education for women who cannot afford it.”

The Young Oyster Festival is gaining in popularity each year, providing an environment for kids to have a blast. Aside from the regular events such as cooking lessons, arts and crafts, movie screenings, sport clinics, and exciting competitions, this year will see a dedicated Kids Zone complete with popcorn, candy floss and all things necessary for exciting and entertaining kids.

“Older kids will enjoy an all-new fun fair as well as obstacle courses and exciting events and competitions at The Yard, our local skate park,” Rousseau-Schmidt said. “This age group and their parents will also enjoy an all new 10-day local food and craft market at the main venue on Waterfront Drive and details of how to enter the Miss Knysna Oyster Festival will be available soon.”

“Of course we wouldn’t have a festival if it weren’t for our oysters. This year’s Pick n Pay Flavours of Knysna will truly showcase Knysna’s restaurants as they once again prepare oysters according to their own, unique recipes, with other delectable treats prepared by Pick n Pay also available on the evening.

“The oyster shucking and oyster eating competitions are always very entertaining and well attended, and this year we will combine these two fun events to both take place at the main venue on Waterfront Drive,” Rousseau-Schmidt said.

The festival has a longstanding relationship with the South African Navy, especially the local Sea Cadet unit from the Training Ship Knysna. “The Admiral’s Ball is a firm favourite on the festival’s calendar with music provided by the incredibly talented SA Navy Dance Band. Presented in co-operation with the Knysna Featherbed Company, the 2013 ball promises to be an event not to be missed,” said Rousseau-Schmidt “We are hoping to welcome two naval ships through the Knysna Heads this year – weather permitting,” she said. “The Navy also presents other fantastic events on the festival calendar, including the Right of Entry Parade which incorporates precision drilling and music from the marching band, displays by the Knysna Sea Cadets and the ever popular concert by the SA Navy Band which unofficially closes the festival.”

“This year the Knysna Forest Marathon and Half Marathon have already sold out, and we anticipate that Knysna will be buzzing with excitement,” said Rohland, “the festival is a great opportunity for us to meet our customers and be part of an event that showcases the best the region has to offer.”

“We are looking forward to old favourites such the Pick n Pay Weekend Argus Rotary Knysna Cycle Tour and the Pick n Pay Cape Times Knysna Forest Marathon and Half Marathon, but we have many exciting developments on the programme to look forward to,” Rousseau-Schmidt concluded. “And what you’ve read about here is only a taste of what the 2013 Pick n Pay Knysna Oyster Festival has on offer. Knysna is truly the place to be during the school holidays. So come along – I can guarantee that you’ll have the best ten days of your winter.”

Keep an eye on www.pnpoysterfestival.co.za for regular updates to the programme, or contact Knysna Tourism on 044 382 5510 for more information.

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

SA ECONOMIC GROWTH HIT BY MINING SECTOR

Posted on 14 May 2013 by Africa Business

Will the Chinese purchase divested mining interests?

South Africa’s economic growth is lagging somewhat behind that of its peers in the developing world. IMF forecasts for 2013 indicate that emerging and developing economies will grow by 5,5% while SA’s GDP is expected to grow between 2,5% and 3%.

Global ranking

Country Name

GDP in Millions of US dollars (2011)

27

South Africa

408,237

39

Nigeria

243,986

60

Angola

104,332

88

Kenya

33,621

105

Zambia

19,206

One of the key reasons for slower growth is SA’s foreign trade structure and reliance on Europe. President Zuma used the opportunity at the World Economic Forum in Davos earlier this year to ensure foreign investors that South Africa is on the right track.

2012 will be remembered for the negative impact of labour unrest and resultant production stoppages in the mining sector. Mining reduced GDP by 0,5% in the first three quarters of the year. This excludes the biggest slump in the sector during the fourth quarter 2012.

Other significant features of the growth slowdown in 2012 were the slowdown in household consumption spending, poor growth in private fixed investment spending and a slump in real export growth.

South African’s inflation rate slowed to a five-month low in January 2013 after the statistics office adjusted the consumer price basket while food and fuel prices eased. In December, the inflation rate fell to 5,4% from 5,7% Statistics South Africa stated.

Government cut the price of fuel by 1,2% in January 2013, as a stronger rand in the previous month helped to curb import costs. Since then, the currency has plunged 4,8% against the dollar and fuel prices are on the rise, with prices increasing in March by a further 8%, adding to pressure on inflation.

South Africa’s strengths

· South Africa is the economic powerhouse of Africa, leading the continent in industrial output and mineral production, generating a large portion of the continent’s electricity.

· The economy of South Africa is the largest in Africa, accounting for 24% of the continent’s GDP in terms of PPP, and is ranked as an upper-middle income economy by the world bank.

· The country has abundant natural resources, well developed financial, legal and transport sectors, a stock exchange ranked amongst the top 20 in the world, as well as a modern infrastructure supporting efficient distribution of goods throughout the Southern African region.

South Africa’s weaknesses

· South Africa suffers from a relatively heavy regulation burden when compared to most developed countries.

· Increasing costs for corporates with rising wages.

· Poverty, inequalities sources of social risk mixed with high unemployment and shortage of qualified labour.

Mining

Output in the mining sector remained weak in December with total mining production down by 7,5% y-o-y after falling by a revised 3,8% (previously -4,5%) in November. On a monthly basis production rose by a seasonally adjusted 1,2% compared with 12,0% in November. Non-gold output was down by 5,0% y-o-y, while gold production slumped by 21,2% in December. For the fourth quarter, total mining production fell by a seasonally-adjusted and annualised 4,6% q-o-q as output of most minerals dropped.

For 2012 as a whole, mining volumes fell by 3,1% after contracting by 0,9% in 2011. Mineral sales were down by 15,6% y-o-y in November after falling 13,7% in October. On a monthly basis sales rose by a seasonally-adjusted 2,3% in November, but sales were down by a seasonally-adjusted 10,2% in the three months to November after declining by 6,8% in the same period to October. These figures indicate that the mining sector is still reeling from the devastating effects of widespread labour strikes in the third and early fourth quarters.

Prospects for the mining sector remain dim as the industry faces headwinds both on the global and domestic fronts. Globally, commodity prices are not likely to make significant gains as demand conditions remain relatively unfavourable. Locally, tough operating conditions persist. Rapidly rising production costs, mainly energy and labour costs, are likely to compel mining companies to scale back operations or even halt them in some cases.

This will have a negative impact on production, with any improvements coming mainly from a normalisation of output should strike activity ease. These numbers, together with other recent releases, suggest that GDP growth for the fourth quarter was around 2,0%, with overall growth of 2,5% for the year as a whole. Overall economic activity in the sector therefore remains generally sluggish while upside risks to inflation have increased due to the weaker rand.

Retail

Annual growth in retail sales slowed to 2,3% in December from 3,6% in the previous month. Over the month, sales rose by a seasonally-adjusted 1,0%, causing sales for the last quarter of 2012 to decline by 0,2% following 2,1% growth in the third quarter.

As a whole, 2012 retail sales rose by 4,3%, slightly down from 5,9% in 2011. Consumer spending is likely to moderate during 2013 as weak consumer confidence, heightened worries about job security and high debt, make consumers more cautious about spending on non-essential items. The overall economic outlook remains weak and fragile, while inflation may increase due to the weaker rand.

Manufacturing

Annual growth in manufacturing production slowed to 2,0% in December 2012 from 3,7% in the previous month, versus the consensus forecast of 2,9%. The increase in output was recorded in seven of the ten major categories. Significant contributions came from petroleum, chemical products, rubber and plastic products. Over the month, total production fell by 2,2% on a seasonally adjusted basis following a 2,6% rise in November.

On a quarterly basis, however, production improved by 1,6% in the final quarter of 2012 following two quarters of weaker growth. Both local and international economic conditions are expected to improve only moderately during 2013. A weak Eurozone will continue to hurt the large export-orientated industries.

The recent recovery in infrastructure spending by the public sector will probably support the industries producing capital goods and other inputs for local projects. But the growth rate will be contained by slower capital expenditure by the private sector in response to the bleaker economic environment both locally and internationally.

Therefore, while a moderate recovery in manufacturing production will continue in 2013, no impressive upward momentum is expected. Overall economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand.

Infrastructure

A new economic plan, the National Development Plan (NDP), is likely to be adopted in 2013 promoting low taxation for businesses and imposing less stringent employment requirements. This a measure that the ANC is pursuing ahead of the 2014 national elections. The NDP will encourage partnerships between government and the private sector, creating opportunities in petrochemical industries, metal-working and refining, as well as development of power stations.

Construction companies are especially likely to benefit from government plans to invest $112-billion from 2013 in the expansion of infrastructure as part of the NDP. Some 18 strategic projects will be launched to expand transport, power and water, medical and educational infrastructure in some of the country’s least developed areas.

Energy companies will also benefit, following the lifting of a moratorium on licences for shale gas development. Meanwhile, there will be significant opportunities, especially for Chinese state-owned enterprises that have recently made high-profile visits to South Africa, to acquire divested assets in the platinum and gold mining sector as large mining houses withdraw from South Africa.

According to government reports, the South African government will have spent R860-billion on new infrastructure projects in South Africa between 2009 and March 2013. In the energy sector, Eskom had put in place 675 kilometers of electricity transmission lines in 2012, to connect fast-growing economic centers and also to bring power to rural areas. More than 200 000 new households were connected to the national electricity grid in 2012. Construction work is also taking place in five cities including Cape Town, Port Elizabeth, Rustenburg, Durban and Pretoria to integrate different modes of transport.

Business Climate

Due to South Africa’s well-developed and world-class business infrastructure, the country is ranked 35th out of 183 countries in the World Bank and International Finance Corporation’s Doing Business 2012 report, an annual survey that measures the time, cost and hassle for businesses to comply with legal and administrative requirements. South Africa was ranked above developed countries such as Spain (44) and Luxembourg (50), as well as major developing economies such as Mexico (53), China (91), Russia (120), India (132) and Brazil (126).

The report found South Africa ranked first for ease of obtaining credit. This was based on depth of information and a reliable legal system.

Foreign trade

SA’s trade deficit narrowed to R 2,7-billion in December from R7,9-billion in November on account of seasonal factors. The trade balance usually records a surplus in December due to a large decline in imports. Exports declined 9,8% over the month. The decrease was mainly driven by declines in the exports of base metals. Vehicles, aircraft and vessels (down R1,1-billion), machinery and electrical appliances (down R0,9-billion) and prepared foodstuffs, beverages and tobacco (down 0,8-billion). Imports dropped 15,8% m-o-m.

Declines in the imports of machinery and electrical appliances (down R3,3-billion), original equipment components; (R1,8-billion), products of the chemicals or allied industries (R1,5-billion) and base metals and articles thereof (R1,2-billion) were the main drivers of the drop.

The large trade deficit for 2012 is one of the major reasons for the deterioration in the 2012 current account deficit forecast to 6,2% of GDP from 3,3% in 2011. South Africa’s trade performance will remain weak in the coming months on the back of unfavourable global conditions and domestic supply disruptions. Weak global economic conditions will continue to influence exports and growth domestically.

Skills and education

The need to transform South Africa’s education system has become ever more urgent, especially given the service delivery issues that have plagued the system. While government continues to allocate a significant amount of its budget to education (approximately 20%), it has not been enough to transform the schooling system. Coface expects the government to continue to support this critical sector, but that an opportunistic private sector will take advantage of government inefficiencies.

South Africa’s education levels are quite low compared to other developed and developing nations. South Africa began restructuring its higher education system in 2003 to widen access to tertiary education and reset the priorities of the old apartheid-based system. Smaller universities and technikons (polytechnics) were incorporated into larger institutions to form comprehensive universities.

Debt

The total number of civil judgments recorded for debt in South Africa fell by 9,8% year on year in November 2012 to 35 268, according to data released by Statistics South Africa. The total number of civil judgments recorded for debt decreased by 15,2% in three months ended November 2012 compared with the three months ended November 2011.

The number of civil summonses issued for debt fell 23,9% year-on-year to 70 537. During November, the 35 268 civil judgments for debt amounted to R414,1-million, with the largest contributors being money lent, with R142,5-million. There was a 21,9% decrease in the total number of civil summonses issued for debt in the three months ended November last year compared with the same period in 2011. A 23,9% y-o-y decrease was recorded in November.

South Africa maintains respectable debt-to-GDP ratios, although these grew to 39% of GDP by end-2012, substantially higher than the 34% for emerging and developing economies as a whole. When Fitch downgraded SA earlier this year, it specifically mentioned concerns about SA’s rising debt-to-GDP ratio, given that the ratio is higher than the country’s peers.

South Africa is uniquely exposed to foreign investor sentiment through the deficit on the current account combined with liquid and deep fixed interest markets. SA’s widening deficit on the current account is a specific factor that concerns the rating agencies and is one of the metrics the agencies will use to assess SA’s sovereign risk in the near future. Further downgrades are the risk – potentially driven by foreign investor sentiment about political risks.

Political landscape

Persistent unemployment, inequality and the mixed results of BEE (Black Economic Empowerment) intended to favour access to economic power by the historically disadvantaged populations have led to disappointment and resentment.

Social unrest is increasing. Recent events weakened the ruling coalition which came under fire for its management of these events. Tensions could intensify in the run up to the 2014 presidential elections. South Africa has a well-developed legal system, but government inefficiency, a shortage of skilled labour, criminality and corruption are crippling the business environment. South Africa also has a high and growing youth unemployment, high levels of visible inequality and government corruption so we would keep an eye on the escalating service delivery protest trends.

Labour force

The unemployment rate fell to 24,9% in the fourth quarter of 2012 from 25,5% in the third quarter, mainly reflecting an increase in the number of discouraged work seekers. Over the quarter, a total of 68 000 jobs were lost while the number discouraged work seekers rose by 87 000. The formal non-agricultural sector lost 52 000 jobs over the quarter, while the informal sector, in contrast, employed 8 000 more people. The breakdown shows that the highest number of jobs were lost in the private households category (48 000), followed by the trade and transport sectors, which shed 41 000 and 18 000 jobs respectively.

The agricultural sector led employment creation over the quarter, adding 24 000 jobs. Both local and international economic conditions are expected to improve only moderately during 2013.

Weak confidence and high wage settlement will make firms more cautious to expand capacity and employ more people this year. Government is likely to be the main driver of employment as it rolls out its infrastructure and job creation plans. The unemployment rate will therefore remain high in the short term.

Although the reduction in the unemployment rate is good news, it mainly reflects the large number of discouraged work seekers. Overall economic activity remains generally sluggish while upside risks to inflation have increased due to a weaker rand. Coface believes that this will persuade the Monetary Policy Committee to keep policy neutral over an extended period, with interest rates remaining unchanged for most of 2013. A reversal in policy easing is likely only late in the year or even in 2014.


 


Issued by:                                                                              Sha-Izwe/CharlesSmithAssoc

ON BEHALF OF:                                                   Coface

FURTHER INFORMATION:                                  Charles Smith

Tel:          (011) 781-6190

Email: charles@csa.co.za

Web:       www.csa.co.za

Media Contact:

Michele FERREIRA /
SENIOR MANAGER: MARKETING AND COMMUNICATION
TEL. : +27 (11) 208 2551  F.: +27 (11) 208 2651   M.: +27 (83) 326 2268
michele_ferreira@cofaceza.com

 

BUILDING D, DRA MINERALS PARK, INYANGA CLOSE

SUNNINGHILL, JOHANNESBURG, SOUTH AFRICA
T. +27 (11) 208 2500 –
www.cofaceza.com

About Coface

The Coface Group, a worldwide leader in credit insurance, offers companies around the globe solutions to protect them against the risk of financial default of their clients, both on the domestic market and for export. In 2012, the Group posted a consolidated turnover of €1.6 billion. 4,400 staff in 66 countries provide a local service worldwide. Each quarter, Coface publishes its assessments of country risk for 158 countries, based on its unique knowledge of companies’ payment behaviour and on the expertise of its 350 underwriters located close to clients and their debtors. In France, Coface manages export public guarantees on behalf of the French state.

Coface is a subsidiary of Natixis. corporate, investment management and specialized financial services arm of Groupe BPCE.. In South Africa, Coface provides credit protection to clients. Coface South Africa is rated AA+ by Global Ratings.

www.cofaceza.com

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Lopatka: “Africa wants closer cooperation with Austria” / State Secretary sets initiatives for economic cooperation and educational projects

Posted on 14 May 2013 by Africa Business

VIENNA, Austria, May 14, 2013/African Press Organization (APO)/ Opportunities for deepening political and economic ties to the African continent were the focus in a meeting of Austrian State Secretary Reinhold Lopatka with 25 ambassadors from African states. The Austrian Development Agency (ADA), the Austrian Development Bank and the Austrian Ministry of Finance (soft loans) are the partners in the Africa initiative, which the Federal Ministry for European and International Affairs has started with the support of the Federal Economic Chamber (WKÖ) and the City of Vienna. The African ambassadors showed great interest in stronger economic cooperation with Austria, including tourism projects and accessing Austrian know-how.

Good prospects exist for strengthening economic cooperation. “We are focussing on the interface between business and development. Africa offers opportunities above all for Austrian exports and we must put these to good use. The prerequisites are favourable: Austria does not have to struggle with the negative effect of a colonial past in Africa. The trust exists for intensifying trade contacts”, the State Secretary said. The priorities for Africa are to be established in coordination between the Foreign Ministry and the Federal Economic Chamber Austria.

“Our Africa initiative comprises three focal areas: The first priority for us is “more trade than aid”, secondly we are offering our support in education and training, as for example in tourism and training for diplomats and thirdly we have set our sights on a closer partnership and cooperation with African partners within the scope of multilateral organisations”, Lopatka continued.

“Austria is training engineers in the erection of solar thermal facilities in South Africa for example, and supporting coffee growers in Tanzania in the production and marketing of top quality coffee. The engineering company Waagner-Biro is building bridges in Mozambique with the help of soft loans and the Schloss Klessheim tourism school offers grants for training places”, the State Secretary said.

“We are also calling for the membership of African states in the International Anti-Corruption Academy and for a further development of cooperation in energy projects. Vienna has been able to develop a strong profile over the past few years as a location of international significance in this field. The new office for the implementation of the UN initiative “Sustainable Energy for All” in Vienna has been added to the many existing facilities of our energy cluster and it is of very high relevance for the African states in particular”, Lopatka said. The African states would be able to represent their interests at the Vienna location even better by establishing an African Union (AU) bureau in Vienna. “We are ready to support the creation of an AU representation office in Vienna with a start-up package and we hope there will soon be a green light for this project from the AU”, the State Secretary concluded.

 

SOURCE

Austria – Ministry of Foreign Affairs

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Branding Africa and debunking the myths about its potential

Posted on 13 May 2013 by Africa Business

CAPE-TOWN, South-Africa, May 13, 2013/African Press Organization (APO)/ Africa cannot continue to be marketed as a country, when it is a continent of 54 countries, which, by 2040 will have the largest workforce in the world. The statement was made by the Economic Commission for Africa’s Executive Secretary, Mr. Carlos Lopes at the World Economic Forum on Africa this week during a session aptly titled:Myth Busting; investing in Africa.

Mr. Lopes underscored that by 2040, Africa will be more urbanized‚ connected and educated. “It will be a very different picture from what is now,” he said.

Discussions underscored that perceptions on risks and uncertainties with respect to investing in Africa have been made to look like reality. “While some issues may be real, there are many advancements that bust perceptions of corruption, lack of growth and lack of capacity, among others.

The session underscored that Africa has a growing middle class. With increased incomes, the emerging picture shows a continent where two-thirds of its growth comes from consumption; as a result, Lagos has a much bigger purchasing power than Mumbai.

“Africa has twice as much per capita than India, more cell phones than India, less poor people than India, and we can go on and on! The mega trends are in favor of Africa,” stressed Lopes

But for the Continent to reap the demographic dividends, it must address the question of infrastructure, which is necessary for industrialization and for bringing the Continent’s rural areas to the global market. In this regard, a significant amount of money is needed to realize the Programme for Infrastructure Development in Africa (PIDA) and since markets do not invest in these kinds of projects, the session underscored the need for alternative sources of funding.

“The good news is that money exists in Africa – but a shift in mindset is needed to tap into the half a trillion dollars sitting in African Central Banks as reserves,” stressed the panelists. PIDA projects, participants noted, could be broken into ‘short-range projects’, all aimed at a long-term goal.

The session also addressed the perception that Africa is lacking in skilled personnel and underscored that Africa has been on the cutting edge of innovations. However, branding and marketing of these innovations fails beyond the borders.

“Many African economies are run by informal sector, where banks do not come to the party and so the entrepreneurs in these informal sectors do not grow,” said a participant, stressing that the myth that must be busted is that these informal entrepreneurs cannot grow into big business with appropriate financing. The session acknowledged, however, that the lack of depth in the capital markets is real and it limits the possibilities for innovations to grow.

On the question of “corrupt African leaders”, the session acknowledged that the weakness lies in the capacity to investigate and get convictions, as well as lack of consistency and leadership.

Participants highlighted that the lack of a strategic vision makes corruption lead the narrative and countries like Malaysia, Indonesia are able to project their narratives on their strategic visions and less on corruption.

The need for consistency in regulatory frameworks and policy was stressed, “as it reduces the meddling of government in areas where the private sector is meant to play.”

In addition, it was felt that consistency across administrations is also important to ensure that investors play fairly. “Investors do not always like regulations,” said a participant, highlighting that the commodity boom super cycle led to an increase in profits by mining companies “by at least 200 per cent, yet tax revenues in the affected countries increasing by only 30 per cent.”

Further, the perception that ’54 countries constitute one country where there are no positive stories to be told’ could be attributed to failure by the media and the lack of attention to marketing by African governments.

A key issue that emerged is the persistence of information gaps, created by lack of country assessments. In addition, participants wondered whether those doing business in Africa might be contributing to the myths. Doing so, they said, creates entry barriers for potential competitors, and keeps resident players laughing all the way to the bank with premium returns.

“It is important to be here in Africa to understand the context; one has to understand where to invest and why one is investing,” stressed an investor.

 

SOURCE

Economic Commission for Africa (UNECA)

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

MTN Uganda adjusts Mobile Money Tariffs

Posted on 09 May 2013 by Africa Business

MTN Uganda has adjusted its Mobile Money tariffs slightly for the first time since the largely successful product was first launched four years ago.

MTN Uganda launched their Mobile Money service in early 2009 and has in the last four years made significant changes to how Ugandans are transacting in the New World, through paying for goods and services as well as sending and receiving money from and to anywhere in the country as well as Internationally.

“MTN strives to constantly improve our service delivery to our customers. Our New tariffs are guided by our understanding that we need to constantly improve and sustain the robustness and availability of our MTN Mobile Money services across the country.” said Ernst Fonternel, MTN Uganda Chief Marketing Officer.

Fonternel explained that the increase in tariffs is meant to enable the telecom company to improve service delivery to their customers, in line with the current market and economic dynamics in Uganda.

“While the cumulative inflation since early 2009 to date is well in excess of 50%, MTN has never adjusted its tariffs to cater for inflationary and/or other economic pressures. We are adjusting our tariffs slightly, relative to the benefits associated with Mobile Money to ensure we have a sustainable business model for the future.” Fonternel said.

The new rates which took effect 8th May 2013 will affect sending money to both registered and non-registered Mobile Money users, withdrawing Money from an MTN Mobile Money agent, paying bills using the MTN Mobile Money Pay Bill service, paying bills using the MTN Mobile Money Goods & Services menu and Sending Bulk Mobile Money payments.

“The increase in tariffs will facilitate an increase in our Agent Network commissions to ensure that our agents get better rewards on high value transactions and as an incentive to hold adequate float to ensure that customers have the best distribution network available. The change in tariffs ensures that we can continue to invest into our platform bringing new innovative and relevant services to Uganda while expanding our extensive distribution network.” Fonternel added.

Fonternel explained that despite the changes, some tariffs will not be affected. “You can still buy airtime and buy Mobile Money (Deposit) free of charge. Also Registering for Mobile Money, checking your account balance and changing your PIN number are still free of charge.”

Transaction limits have stayed the same, with minimum account balance at 0/- and the minimum transaction limit at 500/-. The maximum account balance remains 5,000,000/- and the maximum daily transaction limit remains 4,000,000/-.

Since the product was first launched four years ago, MTN Mobile Money has grown significantly with monthly transactions now in excess of 27 million with a Mobile Money Base of more than 4 million customers.

It has also grown from a basic service enabling sending and receiving money, and buying airtime, to a convenient service that enables a lot more, such as paying school fees, trade and commerce, bill payments, and a host of other payments. Today, you can literally do anything with mobile money from the comfort of your office or home.

At a recent GSM Mobile Money adoption survey, MTN Mobile Money was declared the second fastest growing mobile money service in the world.

This year and going forward, MTN plans to increase the person to business and business to person services on the platform to enable more commerce to be done over the service.

The complete list of new tariffs is readily available at any MTN shop or service center as well as on www.mtn.co.ug/MobileMoneyRates.

For any further inquiries or assistance call the MTN Mobile Money helpline on 122, the General MTN Helpline on 123, or visit a nearby MTN Service Centre or MTN Mobile Money agent.

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Business Opportunities and Franchise Expo Offers Celebrates its 20th Anniversary

Posted on 09 May 2013 by Africa Business

This year marks the 20th anniversary of one of South Africa’s most successful exhibitions for a niche, high value audience of aspiring and established entrepreneurs. The 20th annual Business Opportunities and Franchise Expo will take place from 12-15 September 2013 at the Coca-Cola dome in Northriding, Johannesburg.

According to Lynn Chamier, general manager of the Business Opportunities and Franchise Expo, “The expo’s success in the past two decades rests solely on its ability to marry entrepreneurs and investors with the best business opportunities available to them in the market at a given time”.

A proven formula and on-target efforts to keep its content and format current and relevant has resulted in a loyal core of exhibitors, who return each year to replicate the success of their previous experience exhibiting at this powerful expo. This pool of established exhibitors is refreshed annually with scores of new exhibitors with fresh ideas and business opportunities to share.

Included among these exhibitors are franchisors, established business opportunities across a range of industry sectors, companies offering business support services to entrepreneurs and established BEE businesses who come to showcase their products and services to corporate procurement officers with BEE targets to meet.

Chamier adds, “Today’s expo visitors typically have one of three agendas. Some come to find a business or franchise opportunity to invest in; others to seek BEE partners to meet their corporate BEE procurement quotas; and still others to find business support services, expertise and products”.

“All are goal-oriented, motivated and determined to find what they’re looking for at the show. They also value the ability to approach exhibitors directly and engage in one-on-one meetings with them to explore the opportunity being presented in greater depth and to forge relationships.”

Visitors can also look forward to participating in the expo’s programme of workshops, cut to the chase on topics of relevance, concern and importance to entrepreneurs.

Unmatched Marketing Opportunity

The Business Opportunities and Franchise Expo is currently accepting exhibitor bookings for the Johannesburg expo.

The expo offer exhibitors the chance to get straight to the core of their target audience; gaining unrivalled access and brand exposure to a high value audience of thousands of aspiring and established entrepreneurs and corporate procurement officers.

For further information for Johannesburg bookings, call Claire Taylor at Tel: (011) 549 8300 or email claire@tepg.co.za; www.tepg.co.za Join the Business Opportunities & Franchise Expo on Facebook and follow on Twitter @BOFExpo

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

“I think energy efficiency and management in the short to long term is the way to go and this conference’s emphasis on ways to improve these is impressive.”

Posted on 08 May 2013 by Africa Business

Exclusive interview with Norman Ndaba:
Global Client Services Partner (GCSP),
Director: Power & Utilities at Ernst & Young –
platinum sponsors at African Utility Week.

1) Norman Ndaba is Ernst & Young’s Sector Leader for Power and Utilities. Here is some background on him and the position:

Position Role
Norman is Ernst & Young’s Power & Utilities sector leader in Africa and he is also the Global Client Service Partner (GSCP) for Eskom. Amongst his duties Norman does the following;

· With account teams achieve the goals for global revenue, global margin, and global sales/pipeline

· Build and leverage strong client relationships

· Champions Expected Service Quality (ESQ) and Assessment of Service Quality (ASQ) levels

· For specific large pursuits, develop the pursuit strategy. Support the account team in pursuit of new business, including escalating decisions regarding required investment in the account

· Sponsor account-wide knowledge and technology initiatives and participate in knowledge sharing activities.

· Identify solutions provided to the client that could be leveraged to other accounts

· Build, develop and maintain a diverse, high performance teams with appropriate expertise.

· Identify key account investment needs, including alliances and partnering.

Value to Power & Utilities Africa

Wide energy industry knowledge and expertise in serving energy companies in sub-saharan Africa.

Norman has over 25 years experience in the energy industry. Prior to joining Ernst & Young, he spent 15 years in various positions and locations in the downstream oil business of Royal Dutch Shell. He has had extensive exposure to strategic marketing planning, project investment and evaluation analysis, and participated in strategic internal and external studies.

In the last 10 years Norman has served as Eskom’s client services partner on behalf of Ernst & Young and has been instrumental in forging and initiating Ernst & Young Africa Power & Utilities strategy including coordinating local and international Ernst & Young teams to serve clients across Africa.

Relevant clients

Eskom Holdings

City Power

PeU investments

City of Tshwane

Central Energy Fund (CEF)

Department of Energy (DOE)

EDI Holdings (EDI)

Nampower

PetroSA

Sasol Limited.

2) Any exciting projects that you are working on that you can share with us?
I am currently working on a security of revenue project for a major Metro with emphasis on energy efficiency and energy management.

3) What would you say are the main challenges today for utilities on the continent?

· Finding the resources and the capacity to deal with climate change,

· providing acceptable, reliable and affordable energy in an accountable manner,

· war for talent,

· cost of capital and accessibility, and

· capital Projects execution.

4) The power sector is still seen as a good investment opportunity by many, would you agree with that?

Yes

5) What is your vision for this industry?

To leapfrog the energy divide in Africa by 2020.

6) What surprises you about this industry?
How many smart people there are.

7) Ernst & Young are platinum sponsors at African Utility Week – why did you decide to
partner with this event?

I think energy efficiency and management in the short to long term is the way to go and that this conference’s emphasis on ways to improve these is impressive.

8 ) What are you most looking forward to at the CEO Forum during the event?

I am looking forward to interactive discussions with the people who actually do manage the power sector and hear their views in an open forum.

9) You are launching a power and utility report during the CEO Forum, can you give us a
sneak preview of its contents? Any surprises?

No surprises really. Globalisation has got a way of levelling the playing field and shortening distances so to speak.

10) What will be your main message at African Utility Week?
Africa you are not alone. Leapfrog Vision 2020 – is it achievable, if so what is achievable?

11) Anything you would like to add?

I wish a good conference at a personal and corporate level for all the delegates.

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Anatomy of a Logo

Posted on 06 May 2013 by Africa Business

 

By Chemory Gunko

 

MD & Creative Director

 

Dsignhaus (Pty) Ltd

 

 

Web: www.dsignhaus.co.za

 

 

Perhaps it’s because marketing invades and pervades every aspect of our lives. Perhaps it’s because the tech revolution has made the creation of marketing collateral so easily accessible.

 

 

Whatever the reason, marketing is not a field where the experts will ever be left to do what it is they do, the way they know how best to do it – especially when it comes to something as subjective and personal as logo design.

 

 

So, before you sign off on that near perfect logo you’ve had commissioned, here are a few things to consider when making your choice.

 

 

 

The Ribbon Device. The Golden Arches. The Swish.

 

 

Open Happiness. I’m loving it. Just Do It.

 

 

Each and every one of these elements has become an iconic representation of the brand it represents – and even on its own, you know it: it takes you to the heart of the brand, and further reinforces your connection to the product and the idea that that product sells.

 

 

Another key aspect of each of these elements is their simplicity – every one of them is a simple, easily replicable, clean and scalable vector shape. Nothing fancy, nothing complicated, yet still distinctive and easily recognisable.

 

Logos vs. Diagrams

 

 

While many would agree that your logo element in some way needs to represent what you do, there really is a limit to how far you should take this.

 

 

A logo should be simple, stylised, a representation containing the essence of the idea you want to represent. All too often though, clients want to include an amount of detail better suited to a diagram or graphic.

 

 

Diagrams are fantastic things, and when you look at a well-laid out diagram you can comprehend immediately how a well-laid out visual representation can encapsulate and simplify a product or service offering in a way that makes it easy to absorb and understand.

 

 

Likewise, it’s easy to understand why a client would want a diagrammatical representation to be the most often seen element of their company.

 

 

However, a key differentiation between diagrams and logos is size: while you expect to see a diagram full page, any logo element is only ever going to take up one to five percent of the page size – and this is among the largest representations of your logo that you’ll see on a regular basis.

 

 

Effectively this means that all that detail that you worked so hard to incorporate will not be visible to the majority of the people that see your logo.

 

Embroidery & Favicons

 

 

Logos get used in a number of places, at a number of sizes, in a wide variety of different formats – from billboards metres high to icons less than half the size of a 10-cent piece.

 

 

For me, the litmus test of a good logo has always been embroidery and favicons.

 

 

Regardless of what your business looks like now, chances are that your product and service offering are going to change over the coming years, shaping into a completely unique offering that no one else in the world can replicate.

 

 

This is one of the reasons marketing will never be a cookie cutter job – every client requires an expert to sit down with them and find out their unique offerings and what sets them apart, and then craft an identity unique to that specific offering.

 

 

And while there may be similarities to the offerings proffered by your competitors, your product and service range – and how you go about conducting your day-to-day business – will still be unique to you.

 

 

In a nutshell, what this means is that you have no idea where your business is going to go in the next ten years – and you have no idea what collateral uses you’re going to run into.

 

 

So while embroidery of your logo onto uniforms may not be an issue right now, in a few years from now, it very well might be – and if your logo is not simple enough to be embroidered, are you going to stop production and redo all your marketing collateral?

 

 

Likewise favicons. For those of you that don’t know, a favicon is that little image that appears in the tab of your browser, to the left of the page display name.

 

 

Absolutely tiny little binary images, favicons have a very limited amount of space to work with, and yet some logos are still instantly recognisable and look amazing as favicons.

 

 

The takeaway from this is that whatever the size, whatever the usage – your logo should always be able to be utilised, and should instantly be recognisable as yours.

 

Speaking of small…

 

 

Logos do not always have to stay in one shape or orientation.

 

 

In fact, especially if it is a more complicated logo, it’s a good idea to have a different stack for different size views. Likewise, it’s a good idea to have single-colour options prepared.

 

 

The thing is, you really have no idea where, when and how you will be using your logos going forward. And with today’s current trend of cooperative marketing between partners and suppliers, there will often be situations where you do not have final say over the artwork and layout.

 

 

This could be for a number of reasons – the other party is the main advertiser, and they have final sign off, or the ad mostly features them.

 

 

The purpose of a logo at the end of the day is to create a favourable and memorable impression of your business, products and services.

 

 

More importantly though, the purpose of a logo is to put your company name across in a way that makes it easy to read and remember, so that when somebody has a need in your area, they remember you.

 

 

 

 

Bookmark and Share

Comments (0)

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Channel Africa to broadcast live from African Utility Week in Cape Town in May

Posted on 06 May 2013 by Africa Business

A truly pan-African event

Channel Africa has entered into an exclusive broadcasting partnership with African Utility Week, which is taking place in Cape Town from 14-15 May.  The channel’s flagship daily actuality talk show, African Dialogue, will be broadcast live from 11h00-12h00 from the expo floor on both days of the exhibition, which is expected to be attended by more than 5000 power and water professionals from all over the continent.

Channel Africa is the perfect broadcasting partner for us as we have very similar goals”, says Claire Volkwyn, programme director for African Utility Week and Clean Power Africa.  “As the largest utility event of its kind, we have been bringing together African utilities and service providers for more than 13 years to assist in the growth of Africa’s power sector and the continent’s electrification.”

Channel Africa is the SABC‘s international radio station and broadcasts across Africa on three platforms:  shortwave, satellite, and internet.  Its broadcasts are in Chinyanja, Silozi, Kiswahili, English, French and Portuguese.  The shortwave broadcast covers the south, east, central and west Africa.  The satellite broadcast covers the sub-Saharan region although it can be picked as far as London. The internet broadcast covers the entire world.

Africa Month
Channel Africa’s presence at and coverage of African Utility Week dovetails neatly with ‘Africa Month’ celebrations during the month of May across the African continent”, says Mamolefe Segakweng, the station’s Head of Marketing and Communications.  “Being part of this project enhances our vision of “To be the Voice of the African Renaissance”.  We have the responsibility to inform, educate, entertain and empower our listeners.  I believe that access to electricity for all Africans is a catalyst for economic development.  We look forward to meeting experts in the power industry in South Africa and the rest of the continent and sharing with our listeners the progress that is being made in this sector.”

The co-located Clean Power Africa event provides a unique focus on renewable energy and the plans that need to be put to integrate this technology into the utility environment.

African Utility Week and Clean Power Africa dates and location:
Exhibition & Conference: 14-15 May 2013
Pre-conference Workshops: 13 May 2013
Site Visits: 16 May 2013
Location:  CTICC, Cape Town, South Africa

Websites: www.african-utility-week.com ; www.clean-power-africa.com

Contact for African Utility Week:
Communications manager:  Annemarie Roodbol
Telephone:  +27 21 700 3558
mobile:  +27 82 562 7844
Email:  annemarie.roodbol@clarionevents.com

For Channel Africa:
Marketing and communications manager:  Mamolefe Segakweng
Telephone:  +27 11 714 3413
Mobile:  +27 83 307 6831
Email:
segakwengm@sabc.co.za
Website:  http://www.channelafrica.org/

Bookmark and Share

Comments (0)

AfricaBusiness.com Newsletter

* required

*





AfricaBusiness.com Newsletter



Business in UAE
Copyright © 2009 - 2016. African Business Environment. All Rights Reserved. AfricaBusiness.com Business Magazine