Former Rustenburg TVET College student to appear in court

Source: Government of South Africa

Thursday, December 4, 2025

A 24-year-old former Rustenburg TVET College Student Representative Council member arrested for fraud and corruption is expected to appear in the Rustenburg Magistrates Court today.

According to the South African Police Service (SAPS), the Hawks’ Serious Economic Offences Section, based in Pretoria, arrested the 24-year-old on Wednesday.

The suspect is expected to appear before the Rustenburg Magistrates Court in the North West on Thursday, 04 December 2025 on fraud and corruption charges.

According to the police, it is alleged that during 2023, first year National Student Financial Aid Scheme (NSFAS) funded students approached the suspect for assistance in accessing their allowances. 

“As an SRC member at the time, she had prior access to students Tenet accounts. It is alleged that the suspect used this access to log into students’ accounts without authorisation,” the police said.

It is further alleged that she withdrew funds at retail stores and subsequently explained to students on how to access their allowances after misappropriating the money. 

A total of R14 000 was unlawfully withdrawn from seven students accounts. 
A case docket was registered and handed over to the Hawks for further investigation culminating in her arrest. – SAnews.gov.za

Hlabisa to lead strategic engagement with Nelson Mandela Bay Business Chamber

Source: Government of South Africa

Thursday, December 4, 2025

The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa, will lead a high-level strategic engagement with key stakeholders in Nelson Mandela Bay, Eastern Cape, on Saturday, 6 December.

This session follows the initial meeting held on 26 September and seeks to deepen collaboration between government, business and civil society.

The department said the engagement will bring together the Ministry of CoGTA, the Nelson Mandela Bay Metro Municipality, Eastern Cape CoGTA, and the Nelson Mandela Bay Business Chamber. 

Hlabisa will be accompanied by the Eastern Cape CoGTA MEC, Zolile Williams.

“During the previous engagement, concerns were raised about instability in municipal leadership, service delivery failures, and infrastructure deterioration — challenges that have long constrained the metro’s economic potential. 

“The need for predictable governance, operational improvements, and strengthened partnerships to support investment and job creation was also highlighted,” CoGTA said. 

This upcoming strategic session will review progress made since the September meeting and provide a platform for key sectors to present their perspectives. 

The programme will provide an overview of the Nelson Mandela Bay economy, present the Nelson Mandela Bay Civil Society Coalition’s perspective on the socio-economic conditions in the metro, and discuss the state of the municipality. 

In addition, it will address plans to tackle service delivery challenges and explore opportunities for partnerships and collaboration.

The department stated that this strategic engagement forms part of ongoing efforts to strengthen partnerships that drive economic recovery, job creation, and improved service delivery through the District Development Model (DDM). – SAnews.gov.za

DSTI Deputy Minister commends scientists 

Source: Government of South Africa

Deputy Minister of Science, Technology and Innovation, Nomalungelo Gina, has commended the exceptional contributions of South African scientists who continue to play a pivotal role in advancing global understanding of environmental and climate systems.  

She said the country’s scientists are not only making key contributions through publishing and sharing their research outputs, but also through participating in the planning and implementation of strategic global change and broader environmental sustainability initiatives.

The Director of Marine, Polar Research and Palaeosciences at the Department of Science, Technology, and Innovation (DSTI), Dr Gilbert Siko, delivered the Deputy Minister’s remarks during the opening of the 6th National Global Change Conference. 

The conference is currently being held at the University of Mpumalanga (UMP) in Mbombela.

Gina emphasised the department’s role in coordinating and managing South Africa’s national system of innovation. 

She highlighted the efforts of the DSTI, the National Research Foundation (NRF), and the Global Change Science Committee in developing a platform for the global change community and stakeholders. 

This platform aims to facilitate meaningful engagement on issues related to global environmental change and environmental disasters.

The conference is also a space to share experiences, best practices and practical scientific solutions to some of these pervasive challenges and disasters. 

The Deputy Minister said that the theme of the conference: “Transformative science for social and economic empowerment in a changing world,” compels attendees to think deeply about global, regional and national societal challenges and the need to work together to address them.  

She added that the pace and scale of global change over the past 200 years is unprecedented and that the next half-century will be critical for the long-term survival of human civilisation.  

Gina emphasised the need for future research and innovation that focuses on addressing problems such as increased urbanisation, resource harvesting, invasive species, pollution, and rising rates of atmospheric and oceanic carbon dioxide. 

The National Global Change Conference is convened every two years under the banner of the Global Change Grand Challenge, one of the five grand challenges of the DSTI’s Ten-Year Innovation Plan.  

One of the key conference objectives is to share and discuss current South African research, technology and innovation trends within the global change sphere.  

The conference is also an opportunity for postgraduate students and young and emerging researchers to become advocates of change.  

These “change agents” are expected to drive a comprehensive knowledge economy and ensure that research benefits society. 

UMP’s Deputy Vice-Chancellor for Research, Innovation and Internationalisation, Professor Aldo Stroebel, expressed the university’s pride in hosting this significant gathering of scientists, policymakers, thought leaders, and innovators dedicated to understanding and responding to the complex and dynamic environment shaping the changing planet.

“This conference convenes at a time when the world finds itself navigating unprecedented environmental shifts. 

“Climate change, biodiversity loss, food insecurity, water scarcity, the energy transition and rising social vulnerability are no longer distant projections but realities for communities across the continent, and particularly within our province,” said Stroebel.

He thanked the DSTI, the NRF and the Mpumalanga Provincial Government for their partnership and continued support, noting that such collaboration strengthens South Africa’s collective capacity to address global environmental challenges.  

Stroebel said that the importance of platforms such as the Global Change conference and the work of the Global Change Science Committee and NRF programmes, supported by the DSTI, cannot be overstated as they bring together knowledge systems, methodology and diverse voices.

The four-day conference which started on Monday, concludes on Thursday, 04 December 2025. – SAnews.gov.za

Gauteng makes progress clearing operating licences backlog

Source: Government of South Africa

Thursday, December 4, 2025

The Gauteng Department of Roads and Transport has handed over more than 153 operating licenses to compliant public transport operators during a ceremony held in Marshalltown, Johannesburg.

The handover forms part of the provincial government’s ongoing programme to clear the operating licences backlog and stabilising the public transport sector.

To date, the department has issued over 700 operating licences since the beginning of September 2025, a clear demonstration of government’s commitment to strengthening regulation and improving service delivery to both operators and commuters.

MEC for Roads and Transport Kedibone Diale-Tlabela emphasised that the handover represents significant progress in restoring order and improving compliance in the sector.

“Today is not just about handing over licenses; it reflects our determination to rebuild a licensing system that is transparent, efficient and fair. Our focus is on bringing services closer to operators and ensuring they are delivered within clear and reliable timeframes,” Diale-Tlabela said on Wednesday.

The MEC has also issued a firm call to operators with outstanding vehicle documents to submit the required documents by 15 December 2025.

“Failure to comply will result in the operating license applications being rejected. We expect operators to honour the rules of the road, provide safe and reliable services, and contribute to a public transport system that the people of Gauteng can trust. This partnership is key to building a stable, modern, and accessible transport network,” she said.

READ | Gauteng hands over operating licences to public transport operators

The department will continue implementing targeted measures to eliminate the remaining backlog and strengthen the regulatory framework to ensure a safer, reliable and efficient public transport environment for all Gauteng residents. –SAnews.gov.za

Address by Deputy President Shipokosa Paulus Mashatile to the Parliamentary Press Gallery Association, Parliament, Cape Town

Source: President of South Africa –

NCOP Chairperson, Refilwe Mtsweni-Tsipane;

Chairperson of the Parliamentary Press Gallery Association, Mr Jason Felix;

Members of the Parliamentary Press Gallery Association;

Ladies and Gentlemen;

Good Morning,

Let me express my gratitude to the leadership of the Parliamentary Press Gallery Association for this opportunity to engage with you today. This engagement follows the successful hosting of the G20 processes, concluding with the G20 Leaders’ Summit.

As part of the G20 engagements, the 11th P20 Speakers’ Summit produced recommendations aligned with South Africa’s G20 Presidency priorities, including support for low- and middle-income countries facing debt vulnerabilities and a commitment to enhancing the G20 Common Framework for debt treatments.

A key outcome was the G20 Declaration, focusing on Solidarity, Equality, and Sustainability, which emphasises multilateral cooperation and global interconnectedness, ensuring that no one is left behind.

As we move forward, we must work with great focus and determination to tackle the challenges facing our country and achieve the aspirations set forth at the beginning of our democracy. The vision for a prosperous South Africa aims to create a shared future and a better environment for our children and future generations. Achieving this dream requires the contribution of every individual, regardless of the size of their efforts.

Today, I wish to use this platform to share key insights on the strategic role that the Office of the Deputy President is playing in making South Africa better.

This is crucial in view of the fact that the media’s pen and the government’s voice are two threads of the same tapestry, woven differently, yet united in shaping a better future for our nation.

Therefore, the Office of the Deputy President of South Africa is responsible for assisting the President in executing government functions, acting as the Leader of Government Business in Parliament.

Among others, the office is also entrusted with a broad range of responsibilities, which include intergovernmental coordination, oversight of national priority interventions, and engagement with various structures like SANAC, and HRDC. The office supports land reform initiatives and the Military Veterans Task Team and promotes social cohesion within the country.

ON LAND REFORM AND AGRICULTURAL SUPPORT
Ladies and gentlemen, on leading government efforts to fast-track land reform and the coordination of government programmes to accelerate land reform and agricultural support. Over the past five years, the Inter-Ministerial Committee (IMC) on Land Reform and Agriculture has made significant progress in fast-tracking land reform in collaboration with various government bodies.

A total of 305,990 hectares of land have been redistributed, benefiting diverse groups: 127,525 hectares allocated to women, 111,071 hectares to youth, and 2,781 hectares to people with disabilities between 2019 and 2024.

Additionally, Project Kuyasa has been initiated to digitise land-claims processing, aiming to eliminate delays and enhance transparency. The strategy emphasises that land reform must integrate with agricultural support, leading to the implementation of blended finance solutions, grants, loans, and partnerships via the Land Bank, DBSA, and the Comprehensive Agricultural Support Programme.

To ensure the productive use of reclaimed land, we are enhancing the capabilities of Communal Property Associations (CPAs) and investing in skills development.

Collaborations with commercial farmers and agribusiness have been essential for transferring knowledge and technology and facilitating market access. Our outreach programme has included visits to various farms across South Africa, such as the Ba-Phalaborwa ba Selwane CPA and Moletele CPA farms. These initiatives aim to establish small farmers as sustainable and successful enterprises, in line with the nation’s land reform and rural development goals.

DISTRICT DEVELOPMENT MODEL
As you are all aware, the Government has adopted the District Development Model (DDM) to address service delivery challenges and improve efficiency in delivering services to the people. Our role as the Office of the Deputy President focuses on enhancing service delivery through the implementation of this comprehensive strategy.

In collaboration with COGTA, National Treasury, and other essential departments, we have been focused on enhancing municipal functionality and addressing community issues. We are executing initiatives with the Service Delivery Inter-Ministerial Committee to reduce municipal debt and address service delivery challenges, particularly in under-resourced areas like Sol Plaatje Local Municipality.

We have continued the roll-out of the DDM, we are implementing this model through Clean Cities and Towns Campaigns that we launched in Kliptown on 6 June 2025. This launch involved participation from Cabinet and Deputy Ministers and Provincial MEC’s, the South African Local Government Association (SALGA), Leadership of Local Government, and community members, all working together to integrate service delivery and encourage citizen participation. The campaign aims to cultivate a sense of community pride and shared responsibility among citizens for the upkeep of clean and healthy living environments.

CHAIRING THE WATER TASK TEAM
On Water Security, we are working to address water security to ensure access to clean water to our communities. However, a troubling trend confronts us: criminal syndicates, commonly known as the “water mafias”, deliberately sabotage water infrastructure.

These groups damage pump stations, pipelines, and valves, only to profit by selling water at inflated prices through tankers. As Chairperson of the Water Task Team, I want to assure South Africans that we are acting decisively. Our approach includes:

* Working closely with law enforcement agencies to identify, arrest, and prosecute those responsible for sabotage.
* Holding municipal leaders accountable for failures in water provision.
* Ensuring municipalities publish water supply schedules so communities are informed.
* Mobilising communities and promoting whistleblowing to expose these criminal networks.
We call on all citizens to report suspicious activities. Together, we can protect our water infrastructure and guarantee equitable access for all.

ON HUMAN RESOURCE DEVELOPMENT COUNCIL
Ladies and Gentlemen,

Our government’s strategy to reduce unemployment is comprehensive and multifaceted, aiming to address various economic challenges. Key components include enhancing public employment opportunities, promoting industrialisation, and developing infrastructure. In particular, the government emphasises targeted support for youth and small businesses, which is crucial to driving economic growth.

A significant focus is placed on upskilling the youth through the Human Resource Development Council (HRDC). This initiative is vital to ensure that young individuals are prepared for the labour market and can meet the evolving demands of the economy. The HRDC’s efforts are guided by the Reconceptualised Human Resource Development Strategy and the Master Skills Plan, which specifically target youth who are Not in Employment, Education, or Training (NEETs). We have concentrated our efforts on:

* Expanding short-course provision aligned to demand
* Scaling up internships, apprenticeships, and learnerships
* Boosting entrepreneurship opportunities through SETAs and youth employment schemes.

ON TRADE AND INVESTMENT
As the executive arm of the state, we have made notable progress in promoting trade and investment, highlighted by successful visits such as the SA–France Investment Conference in May 2025, participation in the St Petersburg International Economic Forum in June 2025, the South Africa–China Trade and Investment Package for 2025–2029, and the inaugural South Africa–Türkiye BNC in October 2025.

These visits are aimed at strengthening the economic and trade relationship between South Africa and the international community. The working visits have been crucial in fostering partnerships that emphasise investment, job creation, and innovation within South Africa. Furthermore, we have also positioned our country as a staunch advocate for multilateralism, actively promoting a global agenda that seeks to address the pressing needs of the Global South.

As the President’s Special Envoy to South Sudan, we recently conducted a working visit from 8 to 9 October 2025 in Juba, consulting with President Salva Kiir, signatories of the R-ARCSS, and regional partners to review the implementation of transitional security arrangements, constitutional drafting, and pre-election preparations for 2026.

Our role remains crucial in facilitating interparty dialogue and institutionalising peace amid challenges in the implementation of the revitalised agreement.

THE GNU CLEARING HOUSE MECHANISM
As I conclude let me share insights on the Government of National Unity (GNU). The GNU represents a historic moment for our democracy. To manage differences constructively, President Cyril Ramaphosa has established the GNU Clearing House, a mechanism designed to resolve policy disagreements.

Significant progress in the work of the GNU Clearance House include the recent adoption of the Terms of References which serves as the guiding framework for the work of this mechanism.

The Terms of Reference provides for a structured flowchart of a Dispute Resolution Process, which is summarised as follows:
* The Clearing House is a recommending body, not a decision-making structure.
* When consensus cannot be reached, we record an “agree to disagree” outcome and refer the matter to the Political Leaders’ Forum for further consideration.
 
On the overall, the GNU Clearing House Mechanism is anchored on ensuring transparency and prevents unilateral decisions.

Colleagues, as government, we recognise the essential role the media plays in shaping an informed and engaged society. We hold your work in high regard.

The global landscape emphasises the vital role of media professionals in democracy and governance.  As journalists, you must commit to truth and ethics, prioritising education and public dialogue over entertainment. It is critical that you maintain high standards of accuracy, independence, fairness, and accountability by providing unbiased information and ensuring elected officials are held accountable.

Through platforms like these, we reaffirm our commitment to transparency, cooperation, and constructive dialogue. We remain committed to sharpening our delivery, deepening accountability, and ensuring that our work has a meaningful impact on the lives of South Africans.

I look forward to engaging with you today and beyond. The media stands beside us, not as a rival but as a vigilant companion, ensuring that every promise we make is guided by truth and every step we take is in service of the nation.

I thank you.

Cabo Verde : le Groupe de la Banque africaine de développement accorde un prêt de plus de 17 millions d’euros pour la poursuite de la numérisation des services publics

Source: Africa Press Organisation – French

Le Conseil d’administration du Groupe de la Banque africaine de développement (www.AfDB.org) a accordé le lundi 1er décembre 2025 à Abidjan, un prêt de 17,71 millions d’euros au Cabo Verde pour mettre en œuvre la deuxième phase du Programme de gouvernance électronique et de réforme de la gestion des finances publiques.

« Le but de cet appui budgétaire, après celui de l’année dernière, est de stimuler la croissance économique grâce à la numérisation et à la compétitivité du secteur privé, tout en faisant progresser les réformes de la gouvernance électronique afin de moderniser l’administration publique et d’assainir les finances publiques », a expliqué Abdoulaye Coulibaly, directeur du Département de la gouvernance et des réformes économiques de la Banque africaine de développement.

La première composante de cette nouvelle phase du Programme poursuit les réformes de numérisation pour renforcer la compétitivité du secteur privé. La transformation numérique sera introduite dans le système judiciaire via l’e-Justice. Un appel à propositions sera lancé pour attirer les opérateurs privés vers le parc technologique, dans le cadre du programme « nomades numériques ». Des critères d’admission seront également définis pour faciliter l’installation des nomades numériques et des entreprises technologiques à fort potentiel de croissance.

La seconde composante vise la modernisation de l’administration publique et la consolidation budgétaire. Le programme continuera ainsi à soutenir les mesures politiques visant à approfondir l’assainissement budgétaire, à renforcer la transparence et à améliorer l’efficacité de la gestion des ressources publiques. Il élaborera et publiera un plan d’action visant à réduire les dépenses fiscales et publiera les estimations de toutes les dépenses fiscales annuelles dans le budget 2026 afin d’améliorer la transparence.

La Banque a récemment appuyé le gouvernement dans l’élaboration d’une méthodologie des systèmes de passation de marchés. Elle financera aussi un exercice d’évaluation des dépenses publiques et de la responsabilité financière au premier trimestre 2026. Ces deux exercices sont financés sur les ressources du Don aux pays à revenu intermédiaires.

Le ministère de l’Économie numérique, la Banque centrale du Cabo Verde, l’Institut pour l’égalité et l’équité entre les genres, la Direction nationale des recettes de l’État et l’Autorité de régulation des marchés publics demeureront les principaux bénéficiaires du Programme.

Distribué par APO Group pour African Development Bank Group (AfDB).

Contact médias :
Alexis Adélé
Département de la communication et des relations extérieures
media@afdb.org

À propos du Groupe de la Banque africaine de développement:
Groupe de la Banque africaine de développement est la principale institution du financement du développement en Afrique. Il comprend trois entités distinctes : la Banque africaine de développement (BAD), le Fonds africain de développement (FAD) et le Fonds spécial du Nigeria (FSN). Représentée dans 41 pays africains, avec un bureau extérieur au Japon, la Banque contribue au développement économique et au progrès social de ses 54 Etats membres régionaux. Pour plus d’informations: www.AfDB.org

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Cabo Verde: Grupo Banco Africano de Desenvolvimento empresta mais de 17 milhões de euros para a continuação da digitalização dos serviços públicos

Source: Africa Press Organisation – Portuguese –

O Conselho de Administração do Grupo Banco Africano de Desenvolvimento (www.AfDB.org) concedeu na segunda-feira, 1 de dezembro de 2025, em Abidjan, um empréstimo de 17,71 milhões de euros a Cabo Verde para implementar a segunda fase do Programa de Governação Eletrónica e Reforma da Gestão das Finanças Públicas.

“O objetivo deste apoio orçamental, após o do ano passado, é estimular o crescimento económico através da digitalização e da competitividade do setor privado, ao mesmo tempo que se avança nas reformas da governação eletrónica, para modernizar a administração pública e sanear as finanças públicas”, explicou Abdoulaye Coulibaly, diretor do Departamento de Governação e Reformas Económicas do Banco Africano de Desenvolvimento.

A primeira componente desta nova fase do Programa dá continuidade às reformas de digitalização para reforçar a competitividade do setor privado. A transformação digital será introduzida no sistema judicial através da e-Justiça. Será lançado um convite à apresentação de propostas para atrair operadores privados para o parque tecnológico, no âmbito do programa ‘nómadas digitais’. Serão igualmente definidos critérios de admissão para facilitar a instalação de nómadas digitais e de empresas tecnológicas com elevado potencial de crescimento.

A segunda componente visa a modernização da administração pública e a consolidação orçamental. O programa continuará, assim, a apoiar medidas políticas destinadas a aprofundar a consolidação orçamental, reforçar a transparência e melhorar a eficácia da gestão dos recursos públicos. Elaborará e publicará um plano de ação destinado a reduzir as despesas orçamentais e publicará as estimativas de todas as despesas anuais no orçamento de 2026, para melhorar a transparência.

O Banco apoiou recentemente o governo na elaboração de uma metodologia para os sistemas de contratação pública. Financiará também um exercício de avaliação das despesas públicas e da responsabilidade financeira no primeiro trimestre de 2026. Ambos os exercícios são financiados com recursos da doação a países de rendimento médio.

O Ministério da Economia Digital, o Banco Central de Cabo Verde, o Instituto para a Igualdade e Equidade de Género, a Direção Nacional de Receitas do Estado e a Autoridade Reguladora dos Contratos Públicos continuarão a ser os principais beneficiários do Programa.

Distribuído pelo Grupo APO para African Development Bank Group (AfDB).

Contacto para os media:
Alexis Adélé
Departamento de Comunicação e Relações Externas
media@afdb.org

Sobre o Grupo Banco Africano de Desenvolvimento:
O Grupo Banco Africano de Desenvolvimento é a principal instituição financeira de desenvolvimento em África. Inclui três entidades distintas: o Banco Africano de Desenvolvimento (AfDB), o Fundo Africano de Desenvolvimento (ADF) e o Fundo Fiduciário da Nigéria (NTF). Presente no terreno em 41 países africanos, com uma representação externa no Japão, o Banco contribui para o desenvolvimento económico e o progresso social dos seus 54 Estados-membros. Mais informações em www.AfDB.org/pt

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Cabo Verde: African Development Bank Group approves €17.7 million to advance public sector digitisation

Source: APO

The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €17.71 million loan to support the second phase of Cabo Verde’s E-Governance and Public Financial Management Reform Programme.

The Bank’s Board of Directors approved the financing on Monday, continuing support that began last year as the island nation seeks to leverage technology for economic growth and administrative efficiency.

“The aim of this budgetary support, building on the assistance provided last year, is to stimulate economic growth through digitisation and private-sector competitiveness, while advancing e-governance reforms to modernise public administration and consolidate public finances,” said Abdoulaye Coulibaly, Director of the Governance and Economic Reforms Department at the Bank.

The first component of the programme will advance ongoing digitisation reforms to strengthen private-sector competitiveness. Key measures include the introduction of e-Justice to digitise judicial processes, and the launch of a call for proposals to attract private operators to the country’s technology park under the ‘digital nomads programme. Admission criteria will be developed to facilitate the establishment of digital nomads and high-growth technology firms.

The second component aims to modernise public administration and consolidate fiscal sustainability. The programme will continue to support policy actions aimed at strengthening transparency and improving the efficiency of public resource management. An action plan to rationalise tax expenditures will be developed and published, along with full estimates of annual tax expenditures in the 2026 budget to improve transparency.

The Bank will also finance a Public Expenditure and Financial Accountability assessment scheduled for the first quarter of 2026, funded through the Middle Income Countries Grant.

The Programme’s main beneficiaries include the Ministry of the Digital Economy, the Central Bank of Cabo Verde, the Institute for Gender Equality and Equity, the National Directorate of State Revenue, and the Public Procurement Regulatory Authority.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

Media contact:
Alexis Adélé
Communications and External Relations Department
media@afdb.org

About the African Development Bank Group:
The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

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Vodacom Group strengthens East Africa presence; acquires increased shareholding in Safaricom for R36 billion

Source: APO

Vodacom Group (www.Vodacom.com), a leading pan-African telecommunications group, today announced a transaction that would significantly increase its ownership in Safaricom, reinforcing its commitment to the East African markets of Kenya and Ethiopia.

Under the terms of this transaction, Vodacom has entered into an agreement with the Government of Kenya to acquire 15% of Safaricom PLC and an additional 5% from Vodafone at KES34 per share, valuing the deal at $2.1 billion (R36 billion). Should the transaction receive requisite approvals from regulatory and governmental authorities in Kenya, Ethiopia and South Africa, this will see Vodacom’s stake in Safaricom – which will remain listed on the Nairobi Stock Exchange – increase from 35% to 55%.

The move is a key milestone in Vodacom’s Vision2030 strategy, which includes deepening its leadership in Africa’s high-growth markets and scaling its diversified portfolio. In accordance with International Financial Reporting Standards (IFRS), Safaricom’s financial results will transition from being accounted for on an associate basis to being fully consolidated, increasing Vodacom Group’s revenue towards R220 billion.

“This landmark transaction will mark a pivotal step in Vodacom’s journey to accelerate growth and deepens our impact across Africa,” said Shameel Joosub, CEO of Vodacom Group. “Acquiring a controlling stake in Safaricom strengthens our position as a market leader, while at the same time unlocks new opportunities to drive digital and financial inclusion at scale in Kenya and Ethiopia. Safaricom’s outstanding track record and differentiated growth outlook perfectly complement our Vision 2030 ambitions, empowering us to deliver sustainable value for all stakeholders and to connect millions more people for a better future. I look forward to working even closer with the Safaricom team and taking some of the learnings from their success and leveraging it across the Group.”

Commenting on the transaction, Peter Ndegwa, Safaricom CEO, said: “Vodacom has been a trusted partner in Safaricom’s journey from the very beginning, and we welcome their continued commitment and long-term investment in our business. Their confidence in Safaricom is a testament to the strength of our people, our strategy, and the opportunities ahead. We look forward to deepening our collaboration as we continue to scale innovation, expand regionally, and deliver transformative digital and financial services to our customers.”

Safaricom is widely regarded as one of Africa’s most attractive assets, combining telecommunications, fintech and technology services. It has consistently delivered strong financial results, with industry-leading margins and resilient cash generation. Through the flagship platform M-Pesa in Kenya, it drives high-growth fintech revenue, while expansion opportunities in Ethiopia and a growing suite of cloud, IoT and enterprise services position Safaricom for continued growth.

On behalf of the Government of Kenya, Hon. John Mbadi, Cabinet Secretary for The National Treasury and Economic Planning, said: “This transaction is one of the first steps in the President’s stated agenda of innovatively unlocking capital, without increasing taxes or the countries debt burden, to allow additional investment in critical infrastructure to support future growth. Safaricom has been, and continues to be, a key strategic investment for us, as we are retaining a 20% stake as well as board representation.”

This transaction underscores Vodacom Group’s vision of converting scale, customer momentum, and strategic investments into sustainable value for all stakeholders, while staying true to its purpose of connecting people to a better future.

Distributed by APO Group on behalf of Vodacom Group.

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President Ramaphosa mourns passing of former SARS Commissioner Oupa Magashula

Source: President of South Africa –

President Cyril Ramaphosa offers his deep condolences to the family and friends of former South African Revenue Service Commissioner Oupa Magashula who has passed away at the age of 63.

President Ramaphosa’s thoughts are with the Magashula family, as well as friends and associates of the former Commissioner who held office from July 2009 to July 2013.

Mr Magashula has passed away after an extended period of illness and hospitalisation.

In his early career, he worked as a trade unionist before joining the corporate sector and the public service in the form of the South African Revenue Service.

Following his SARS tenure, he held various leadership roles in business.

President Ramaphosa said: “Oupa Magashula devoted his life to the development of our economy and the stimulation of entrepreneurship among a new business generation.

“He led SARS at a critical period during which our economy was affected by the global downturn of 2008 but during which we also relied on fiscal resources to host the 2010 FIFA World Cup.

“Oupa Magashula was an astute, compassionate leader whose mission at SARS was driven by the needs of the most vulnerable South Africans and the requirements for economic growth.

“He went on to contribute to growth through his roles as chair or director of diverse business that benefited from his intellect, varied professional experience and commitment to a better South Africa.

“May his soul rest in peace.”

Media enquiries: Vincent Magwenya, Spokesperson to the President – media@presidency.gov.za

Issued by: The Presidency
Pretoria