SouthAfrica Archives - AfricaBusiness.com

Innovative funding models in EduTech help to eliminate skills shortages

22Aug

By Africa BusinessNo Comments

Innovative funding models in EduTech help to eliminate skills shortages

According to the latest figures released by Stats SA, South Africa’s unemployment rate jumped to a staggering 29% in the last quarter - the worst it’s been since 2008. The unemployment rate for the youth in particular is one of the highest in the world – currently sitting at 56.4%. With all eyes on government to curb the growing unemployment rates, President Ramaphosa has remained steadfast in his call to corporates to absorb more of the youth into the workforce. With the increased focus on how the country will lead the fourth industrial revolution on the continent, most notably in his last State of the Nation Address, Ramaphosa reaffirmed that skills and education was high on the new administration’s list of priorities. The high-tech industry is set to be expanded, by making sure that leg...

Fueling the future of oil and gas infrastructure

9Jul

By Stephan BurgerNo Comments

Energy, Events, South Africa News

Fueling the future of oil and gas infrastructure

Stephan Burger, Vice President MOGS Oil & Gas Services In this Op-Ed piece MOGS Vice President Stephan Burger speaks to the theme of Africa Oil and Power - the continent's premier platform for energy investment. AOP’s theme #MakeEnergyWork will showcase the energy sector as a key driver of economic growth, jobs and opportunity for Africa’s people and private sectors. MOGS Oil & Gas Services (MOGS) is a Pan-African operator, investor and developer of oil and gas midstream infrastructure across the African continent. The company develops and operates fuel import terminals, storage and blending facilities. A subsidiary of African investment company Royal Bafokeng Holdings, MOGS is a majority partner in the South Africa-based energy infrastructure company, Sunrise Energy, which is r...

Prioritise MRO strategy to manage costs for your company

9Jul

By Brian AndrewNo Comments

Business, South Africa News

Prioritise MRO strategy to manage costs for your company

By Brian Andrew, Managing Director South and Sub-Saharan Africa at RS Components It does not matter if times are good or bad - waste is never welcome at any proactive business. Business is primarily driven by profit and efficiency, and waste is an attack on both. But many businesses, particularly among manufacturers, overlook a major cost hidden among their operations: that of MRO (maintenance, repair and operations) procurement. MRO or indirect procurement concerns those many small parts needed to keep equipment running. It’s fundamentally a supply chain/procurement discipline, but not often considered as a cost centre. Individual MRO items - small parts in big machines such as light bulbs, safety switches, connectors, push buttons, power supplies etc. - tend to be inexpensive and not att...

20May

By Baker McKenzieNo Comments

Main, South Africa News

Seven Things to Consider When Transacting in Africa

By Morne van der Merwe, Managing Partner, and Wildu du Plessis, Head of Africa at global law firm Baker McKenzie in Johannesburg Ahead of the Baker McKenzie African Transactional Summit taking place in Johannesburg in May 2019, Baker McKenzie lawyers based in Africa, alongside the Firm’s global Africa specialists, as well as lawyers from our African Relationship Firms from across the continent, share their knowledge about what investors should consider when transacting in Africa. Accept the uncertainty and gather knowledge Investors in Africa must consider geo-political and economic uncertainty on the continent as well as a plethora of country and region-specific governance, compliance and regulatory challenges when investing in the region. They must also contend with a critical lac...