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Author: SADC Correspondent

International industrial systems giant, ABB sets its sights on Angola and Zambia with new Windhoek site

Asea Brown Boveri (ABB), the amalgamated Swedish Swiss technology company this week officially opened its newly-constructed 2200 square metre facility in Windhoek in preparation for what it sees as continued capital spending on infrastructure and industry. “Namibia is an important market for ABB, as it is the second largest contributor in the region to our revenue after South Africa. We have been in the country since the early 90‘s, and this investment is part of our commitment to the region to enable the offering of more services and products,” said ABB Southern Africa MD, Leon Viljoen at the opening...

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SA cost of motoring on the rise despite interest rate cut

New data from WesBank shows that the overall cost of motoring is still on the rise, despite recent cuts to interest rates and fuel prices, as well as a slowdown in vehicle price inflation. The monthly mobility basket which comprises instalments, fuel, insurance and maintenance fees has increased 24.2% since July 2013. Last week, the South African Reserve Bank announced that interest rates would be cut by 25 basis points, a move that will have a positive effect on household budgets. Consumers with vehicle finance, home loans, and credit cards will have more disposable income, as instalments become more...

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Country-linked digital hub to advertise finance-ready bankable infrastructure projects

Regional information hubs where each country can promote bankable projects in its territory, are proposed by the Infrastructure Project Preparation Facility (IPPF), a division under NEPAD. “It would be both a ‘project hub’ and a ‘help desk’ – a centralized IT platform for bankable projects which potential investors can access. Such a hub could be housed by the African Development Bank to ensure credibility and confidence by both project owners (governments) and potential investors,” said Shem Simuyemba, the Coordinator for the NEPAD project preparation facility. The fundamental idea is to develop a pipeline of bankable infrastructrue projects three years...

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UK minister in trade talks with SACU for continuity post Brexit

The British Minister of State at the Department for International Trade, Lord Price, arrived in South Africa earlier this week for a high-level meeting with representatives of the Southern African Customs Union (SACU) to ensure that existing trade agreement do not founder in the United Kingdom’s exit from the European Union. On Wednesday Lord Price met in Johannesburg with ministers Immanuel Ngatjizeko of Namibia, VT Seretse of Botswana, Dr R Davies of South Africa, JC Mabuza of Swaziland, F Notoane of Lesotho, and the High Commissioner of Mozambique to South Africa, P Macaringue to discuss trade relationships between the...

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Young Agripreneurs Forum gets the inside track on mechanization and agriculture

LUSAKA– AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions, welcomed delegates from 11 countries attending the Southern African Confederation of Agricultural Unions’ (SACAU) Young Agripreneurs Forum to its Future Farm in Zambia for an in-depth three-day programme covering farm mechanization and the business of agriculture. SACAU is committed to a transformative agenda for agricultural development which is growth-oriented and enterprise-development focused. A key emphasis is working with young farmers and, since 2014, SACAU has run an annual regional young farmers’ forum. The aim of the forums is to create a positive image for agriculture among the...

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Buy a raffle ticket, help keep a rhino alive

For only two hundred and fifty dollars, Americans can buy a raffle ticket which may win them a US$20,000 safari in Africa. The proceeds of this raffle go for the protection of rhinoceros in Namibia and South Africa. Thousands of Americans from Blaine, WA to San Diego, CA were astonished in April this year when they happen to encounter a crazy cyclist pulling a life-size rhino replica across the 2000 mile distance between the two cities. This was the ingenuity at work of South African safari guide, Matt Meyer who embarked on his public Rhino Ride, stopping at all...

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One Channel wows audiences

Cloud and mobile business solutions provider, One Channel, wowed audiences at recent events that showcased the latest global trends in cloud computing, ERP and security. Industry experts demonstrated the benefits of the Cloud and the Multi-Cloud universe and showed how businesses can prepare for the 4th industrial revolution. One Channel, CEO Bernard Ford warned that organisations can no longer operate in isolation in the convergence era or the 4th Industrial Revolution. “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another,” he said. “The possibilities of billions...

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Unilever embraces corporate social responsibility boosting profits, helping people and planet

Giant manufacturer of fast moving consumer goods, Unilever said recently corporate social responsibility is part of their core strategy and that this reflects in the company’s bottom line. Unilever claimed top spot for the second year running in the Gartner Supply Chain Top 25, commended for reducing waste and increased use of renewable energy, and has been Africa’s number one Top Employer for three years running. James Hu, Talent Manager for Top Employer Africa Unilever, said corporate social responsibility underpins the company’s Sustainable Living Plan, a blueprint for achieving growth without additional environmental impact and with greater social benefits....

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