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Author: SADC Correspondent

Energy experts to address market governance and regulatory related challenges affecting the implementation of energy development project

The Second Meeting of the Technical Steering Committee of the Project on Enhancement of a Sustainable Regional Energy Market in the Eastern Africa- Southern Africa-Indian Ocean (EA-SA-IO) Region kicked off  in Swakompund on Wednesday. The meet which has attracted five Regional Economic Communities namely; The Common Market for Eastern and Southern Africa (COMESA) the East African Community (EAC,) Intergovernmental Authority on Development (IGAD), Indian Ocean Commission (IOC) and the Southern Africa Development Community (SADC) will conclude on Thursday. According to a press statement the Technical Steering Committee meeting will review the status of implementation of the first one year...

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Peugeot group unveils first “smart” car at international auto show in Hannover

The Internet of Things as applied in vehicles is in the limelight this week at the Hannover Messe in Germany, with Groupe PSA exhibiting its first so-called connected car in partnership with Chinese IT giant, Huawei. The vehicle on display is a DS 7 Crossback, one of the marques in the Groupe PSA stable. The group manufactures and distributes DS, Peugeot, Opel, Citroen and Vauxhall. It is no coincidence that PSA chose the DS 7 Crossback to debut its connected car. It is reported to be the vehicle of choice of the French President, Emmanuel Macron. Recently, PSA was...

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Responsible investors channel over US$400 billion into Africa

Responsible investment in Africa continues to rise. According to the latest data from the 2017 African Investing for Impact Barometer (AIFIB), there has been an increase in investments on the continent targeting financial returns combined with positive social and environmental impacts or good governance. “In 2017, we saw an increase of 23% in Southern Africa and 18% in East Africa in the Investment for Impact (IFI) market compared to the previous year,” says Stephanie Giamporcaro, Director of the AIFIB publication and Associate Professor at the University of Cape Town Graduate School of Business (GSB). “Over $400 billion in financial...

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Ford Mustang outsells all other Sport Coupés worldwide

The rear end of the powerful Ford Mustang GT is about the only part of this stunning car that other drivers will ever see, unless it is parked, which obviously is not the reason why it was created fifty years ago. This is a sports car made for exhilarating driving. The Ford mother company in the USA announced this week the new 2018 Mustang has just entered the worldwide market in 146 countries. During 2017, Ford sold almost 126,000 Mustangs s in these countries, including a few in Namibia. This puts the Mustang at the top of the popularity...

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Fill-in Range Rover Velar takes top design award at NY World Car Awards

Pretoria, 28 March – The Range Rover Velar is by implication the most beautiful car in the world after receiving the World Car Design of the Year title at the 2018 World Car Awards held in New York. Jaguar Land Rover Chief Executive, Dr Ralf Speth said “The Range Rover Velar is an outstanding, superior SUV. Compelling modernity, eye-catching design, innovative Touch Pro Duo infotainment technology and a clear focus on sustainability! What a combination. This product speaks for itself.” “I want to thank our Velar team for their passion and commitment, for going the extra mile to move...

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Top management professionals unite at Ikeys MBA world summit

One hundred MBA students from the world’s best business schools are in Cape Town this week to attend the 5th MBA World Summit where promising business managers are equipped to act as global agents for change. Hosted by the Graduate School of Business (GSB) at the University of Cape Town from the 14 to 16 March, this is the first time the event is held in Africa. Participants will split their time between the school’s campus at the V&A Waterfront and its satellite site in the community of Philippi. Dr Kutlwano Ramaboa, Director of International Relations at the GSB,...

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Normalisation of rental market impacts vehicle sales

South Africa’s new vehicle sales industry remained under pressure for the second month of 2018, with a total of 46 347 new vehicles sold, a year-on-year decline of 3.8%. According to the National Association of Automobile Manufacturers of South Africa, the largest sales declines in February were seen in the rental channel, where sales fell almost 30%, and government channel, where sales were down 42%. By contrast, sales through the dealer channel grew 2.9%, a positive development for a segment that accounted for 79% of total sales in February. “The year-on-year decline in rental channel sales is mainly attributed...

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Africa takes bold steps towards free movement of persons

By Danai Majaha Southern African News Features – Imagine being able to travel from Malawi or Zambia to Morocco, through the Democratic Republic of Congo, Chad, Niger and Algeria, without needing to produce visas all the way to the destination country. Or travelling by road from Angola to Ethiopia via the DRC and Uganda without needing a visa. That may seem impossible right now, but could soon become a reality if plans by African Union (AU) member states to do away with generally restrictive national laws and policies on free movement of persons are realised. At present, many countries on...

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