African Development Bank Group approves €6.5 million investment in Saviu II fund to support technology start-ups in Francophone West and Central Africa

Source: APO

The Board of Directors of the African Development Bank Group (www.AfDB.org) today approved an investment of 6.5 million euros in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank Group will invest 4.5 million euros as equity and 2 million euros as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme (https://apo-opa.co/40898qT). This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.

Saviu II, the second investment vehicle of Saviu Partners, plans to invest between 500,000 and three million euros in about 20 technology or technology-oriented B2B start-ups in the seed phase or carrying out first institutional fundraising.

The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali. It can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.

In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.

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

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

About the African Development Bank Group:
African Development Bank Group is the leading development finance institution in Africa. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Special Fund (NSF). Represented in 41 African countries, with a field office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member states. For more information: www.AfDB.org

About Saviu Partners:
Founded in 2018, Saviu Partners has acquired solid experience supporting early-stage technology start-ups in French-speaking West and Central Africa. Saviu I, the first investment vehicle of the independent fund manager, was launched in 2018 with a capitalization of ten million euros, and illustrates the company’s investment strategy focused on seed and development. Saviu invests in high-potential startups and provides them with hands-on support in areas such as business development, recruitment, international expansion, and fundraising. The Saviu I fund has invested in 12 start-ups mainly based in the French-speaking countries of West Africa.

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Vantage Capital leads R635m investment into SolarAfrica Energy

Source: APO

Vantage Capital (www.VantageCapital.co.za), Africa’s largest mezzanine debt fund manager, announced that it has made a R635m investment into Commercial Energy South Africa (“CESA”), a subsidiary of SolarAfrica Energy (“SolarAfrica”), a leading South African energy solutions provider, alongside co-investor, Greenpoint Capital. CESA holds commercial & industrial (“C&I”) solar and battery energy assets developed by SolarAfrica.

The investment comprises a mezzanine facility which was used to exit Inspired Evolution from CESA, making SolarAfrica the 100% owner of CESA.

Founded in 2011 and headquartered in Pretoria, South Africa, SolarAfrica provides solar-PV, battery storage, energy trading, electricity wheeling and gas-to-power services tailored for C&I clients, helping businesses lower electricity costs, secure reliable power and reduce carbon emissions. SolarAfrica has a strong track record, having delivered ~343MW of funded solar projects in Southern Africa (with a further 1.14GW plus being rolled out).  SolarAfrica has been twice recognised as the African Solar Company of the Year (2021 and 2023) by the Africa Solar Industry Association (AFSIA).

CESA acts as a holding company for C&I rooftop solar and battery storage solutions assets that have been developed by SolarAfrica. CESA currently holds a portfolio of assets with energy capacity of ~90MW across 134 different sites. All assets within CESA are managed by SolarAfrica.

Roshal Ramdenee, Partner at Vantage Capital, said “This transaction reflects our conviction in distributed energy infrastructure and the strength of SolarAfrica’s platform. CESA’s contracted C&I solar and battery portfolio provides predictable cash flows and supports South Africa’s shift to reliable and sustainable power. We look forward to working closely with SolarAfrica and Greenpoint as the platform continues to scale.”

Warren van der Merwe, Managing Partner at Vantage Capital, added “Vantage has provided senior debt to a number of renewable energy projects through its GreenX senior debt division. We are pleased to showcase in this deal how mezzanine finance can play a part in the rapidly evolving power sector. Congratulations to Charl and his team for driving a super-efficient process, which allowed us to close this deal under very tight timelines.”

Nic van Zyl, CIO at Greenpoint Capital, added “We are pleased to have finalised this transaction in support of the SolarAfrica team, whose progress we have tracked over many years. We look forward to collaborating with Vantage Capital on this high-quality solar asset.”

Charl Alheit, CIO at SolarAfrica, added “Vantage Capital and Greenpoint Capital have proven to be very innovative and efficient partners in enabling us to execute the buy-out of this portfolio from Inspired Evolution. Taking full control of the portfolio means we can continue to innovate by bringing more renewable energy solutions, such as electricity wheeling, to customers. This underscores our commitment to making cheaper, greener power more accessible to C&I businesses as part of their green energy journey.”

Step Advisory acted as deal advisor to SolarAfrica on the transaction, Werksmans acted as legal counsel for Vantage. Other advisors to the transaction included Cresco, Ernst and Young, Webber Wentzel and SLR Consulting.

Distributed by APO Group on behalf of Vantage Capital Group.

For more information contact:
Warren van der Merwe
Managing Partner – Vantage Capital
warren@vantagecapital.co.za
+ 27 (0) 11 530 9100

Roshal Ramdenee
Associate Partner – Vantage Capital
roshal@vantagemezzanine.com

Abigail Brews
Senior Associate – Vantage Capital
abigail@vantagecapital.co.za

About Vantage Capital:
Vantage Capital Group was established in 2001 and is the largest independent pan-African mezzanine debt fund manager on the African continent. It has raised funds of US$ 1.6 billion in seven distinct mezzanine and renewable energy debt funds as well as in a technology fund and has to date made 66 investments across the African continent.

Vantage targets investment opportunities, with a focus on mezzanine debt, of US$ 10 – 50m across more than a dozen key African markets. Mezzanine debt is an intermediate form of risk capital, which is situated between senior debt, the lowest risk tranche of the capital structure, and equity, the highest risk. It combines elements of both debt and equity thereby providing companies with long-term funding on terms which are less dilutive to shareholders than pure equity.

Vantage recently launched an education investment platform which is targeting the education markets of Poland and Czechia.

Website: www.VantageCapital.co.za

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Opération Mirador : L’armée béninoise scelle un nouveau pacte de confiance avec les communautés

Source: Africa Press Organisation – French


L’armée béninoise poursuit son engagement aux côtés des populations de la région des 2KP. Depuis le vendredi 27 février 2026, les habitants de Makrou, Yinkinin, Becket et plusieurs autres villages des communes de Kouandé et de Kérou ont désormais accès à l’eau potable grâce à la réalisation de forages modernes équipés de pompes solaires de 1.500 watts. Dans la commune de Pehunco, le CEG 1 bénéficie également d’un module de trois salles de classe entièrement équipées de plus de 400 tables et bancs. 

Ces infrastructures hydrauliques et éducatives ont été offertes par les Forces Armées Béninoises (FAB) dans le cadre des actions sociales et humanitaires du comité civilo-militaire de l’opération Mirador de l’Atacora, avec l’appui de partenaires internationaux tels que le Département américain de la Défense, Spirit of America et Strategic Stabilization Advisors. La cérémonie officielle de remise s’est tenue à Pehunco, après une visite guidée des installations conduite par le Colonel ADAMASSO Valère, Commandant Adjoint de l’Opération Mirador, assisté du Colonel TASSOU Abdou Wassiou, Chef de la cellule des actions civilo-militaires. 

À cette occasion, le Commandant Adjoint a souligné que ces réalisations dépassent la simple livraison d’ouvrages. « Nous célébrons un pacte de confiance entre l’armée béninoise et les populations que nous avons pour mission de protéger. La sécurité durable ne se décrète pas, elle se construit avec les populations et pour les populations », a-t-il déclaré, insistant sur la nécessité d’une approche globale face aux menaces terroristes. Selon lui, aucune armée, aussi déterminée soit-elle, ne peut vaincre durablement sans l’adhésion active des communautés. 

La cérémonie a rassemblé élèves, bénéficiaires, autorités locales et têtes couronnées. Le maire de Pehunco, Orou Maré KOTO, saluant au nom de ses pairs ce geste « fort », y voit un levier d’amélioration des conditions de vie et de développement local. Mohamed Bawa CISSÉ, représentant du Préfet de l’Atacora, a pour sa part estimé que ces infrastructures renforcent la résilience des populations dans un contexte sécuritaire exigeant. 

Installée en mars 2025, la Cellule des actions civilo-militaires de l’Opération Mirador s’affirme ainsi comme un cadre permanent de concertation entre les FAB, les autorités et les communautés, avec un principe central : bâtir une sécurité durable fondée sur l’écoute, la concertation et des réponses concrètes aux besoins locaux.

Distribué par APO Group pour Présidence de la République du Bénin.

Ghana: Lordina Foundation gifts Asukawkaw community a Maternity & Children’s Health Facility

Source: APO


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The First Lady and President of the Lordina Foundation, H.E. Lordina Dramani Mahama, on Saturday inaugurated a newly built maternity and child health facility at Asukawkaw in the Krachi East District of the Oti region.

The handing over of the facility, financed by the Foundation with support from donors and partners, fulfills Mrs Mahama’s positive response to a request from the Chief of Akroso-Asukawkaw a year ago.

This brings to four, the number of Maternity and Children’s Wards built and handed over to communities and the Ghana Health Service by the Lordina Foundation.

This is in fulfillment of Mrs Mahama’s personal commitment and the objective of her Foundation to reduce Maternal, Infant and Child Mortality cases in Ghana’s hospitals.

The first three were commissioned for the Bole District Hospital, the Nkoranza Health Centre and the Abodom community.

The foundation has also renovated and expanded the Hohoe Adabraka Health Centre, and continue to donate medical equipment to health centres across the country.

According to Mrs Mahama, while planning the next phase of his support programmes, her office received an email from Nana Odamu Gyamfi III, Paramount Chief of the Akroso-Asukawkaw Traditional Area, describing the risk pregnant women in his community go through to reach distant clinics, often too late to save them and their newborns.

“This is no coincidence, it was a call to action,” Mrs. Mahama told a crowd of happy community members, health officials, workers, community elders and chiefs.

Designed for dignity and excellence, the facility includes a reception area, doctors’ and nurses’ offices, maternity and children’s wards, a fully equipped operating theatre, a delivery room, a sterilisation room, a neonatal intensive care unit (NICU), storage, and data rooms.

Key equipment installed in the facility include the electric beds, operating tables, infant incubators, ultrasound machines, C-section and delivery kits, ECG machines, phototherapy units, patient monitors, oxygen systems, television sets, and more.

Also installed is a hybrid power system, that combines the national grid with solar to ensure reliable emergency lighting and efficiency.

“No woman should die while giving life, and no child should start without proper care just because of where they were born,” Mrs Mahama said.

She noted that nearly one in ten Ghanaian women face pregnancy-related death risks.

She urged health authorities, facility managers, and the Akroso-Asukawkaw community under the Akroso Traditional Council to maintain the facility to benefit more generations.

“Let this be more than a building but a reminder that with government, leaders, and partners, we can protect every vulnerable Ghanaian.”

Minister for Health, Kwabena Akandoh, praised the project as “a practical step towards safe, timely, and dignified care for mothers, newborns, and children.”

He thanked Mrs Mahama for her “unparalleled contributions” to women, girls and children’s health.

The facility, the First Lady, stated reflects the Foundation’s commitment to life at its most vulnerable stages and shows what credible partnerships can achieve.

The Board Chair of the Lordina Foundation, Pastor Kwame Boateng Sarpong hailed the project as emblematic of the foundation’s mission to support rural women and children, pledging continued aid to deprived communities.

The paramount chief, Nana Odamu Gyamfi III expressed profound gratitude, calling the project a “life-saving initiative” that will ease prenatal, delivery, and postnatal care for Asukawkaw and surrounding areas.

The Chief and his elders enstooled Mrs Mahama as the Development Queen Mother of the Akroso-Asukawkaw Traditional Area, with the title Nana Oseadeayo Odamwaa II.

Distributed by APO Group on behalf of The Presidency, Republic of Ghana.

Seychelles: Government Closely Monitoring Situation in the Region

Source: APO


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The Office of the President informs the public that the Government of the Republic of Seychelles is closely monitoring the evolving situation in the Middle East region and remains fully committed to safeguarding the welfare of Seychellois nationals abroad.

The Ministry of Foreign Affairs and the Diaspora, through the Seychelles Embassy based in the United Arab Emirates, is in active contact with Seychellois communities residing across the region, as well as Seychellois visitors who may be affected by current developments. The Embassy continues to provide updates and consular assistance as required.

The Ministry of Foreign Affairs and the Diaspora, together with relevant local authorities, is also developing a contingency evacuation plan, should circumstances necessitate the voluntary evacuation of Seychellois nationals. This is a precautionary preparedness measure to ensure readiness and the protection of our citizens.

The Government further draws attention to its Travel Advisory issued by the Ministry on 28 February 2026 and reiterates its advice for Seychellois nationals in the region to remain vigilant, adhere to the guidance of local authorities, and closely monitor official communications and updates from the Seychelles Embassy and the Ministry.

The situation continues to be assessed at the highest level, and the public will be kept informed of any significant developments. 

For further information or assistance, Seychellois nationals are encouraged to contact the Seychelles Embassy in Abu Dhabi or the Ministry of Foreign Affairs and the Diaspora in Victoria.

Distributed by APO Group on behalf of State House Seychelles.

 Gauteng makes progress in fight against TB

Source: Government of South Africa

 Gauteng makes progress in fight against TB

As South Africa observes TB Awareness Month, the Gauteng Department of Health (GDoH) has reported sustained progress in the fight against tuberculosis, particularly in reducing mortality, improving treatment outcomes and maintaining strong case detection.

In the first three quarters (Q1 – Q3) of the current 2025/26 financial year, the GDoH made notable progress in diagnosing and treating TB.

South Africa observes TB Awareness Month from 01–31 March 2026.

In a statement on Sunday, the provincial department said case-finding rates remained consistently high, with 95% of cases detected in Q1 (6655 of 6842 cases), 96% in Q2 (7481 of 7757 cases) and 95% in Q3 (6664 of 7020 cases).

“These results reflect the impact of intensive community-based screening and outreach programmes targeting townships, informal settlements and hostels. The department also focused on high-risk groups, including people living with HIV, ex-mine workers and sex workers.”

The GDoH exceeded treatment initiation targets, with over 20000 patients aged five years and older starting TB treatment in Q3, while 643 children under five began treatment.

“These successes were achieved through prompt monitoring of lost follow-ups, high testing rates, increased case finding and the implementation of the SMS strategy by the National Health Laboratory Service (NHLS),” said the department.

Treatment outcomes also showed positive trends with the department having reached a 71% treatment success rate for Rifampicin-Resistant/Multidrug-Resistant TB (RR/MDR-TB), driven by high retention in care and consistent mentorship for TB clinicians.

Mortality data also demonstrates measurable progress in saving lives. During Q1 and Q2, Gauteng recorded a total of 1131 TB-related deaths, highlighting the importance of early detection and treatment adherence. 
Mortality audits indicate that late presentation at health facilities remains the primary contributor to TB fatalities, underscoring the need for continued vigilance and community engagement.
The department said these achievements are in line with the National END TB Campaign, which aims to screen five million people and improve TB case-finding, diagnosis and linkage to care.

“Gauteng also collaborates with key stakeholders, including private healthcare providers, mines, social development agencies and traditional and faith-based leaders, to expand access to testing and support adherence to treatment.”

The partnerships have enhanced outreach, especially in high-risk communities andimproved overall TB service delivery.

The department called on residents to take proactive action during TB Awareness Month.
Anyone experiencing persistent cough, fever, night sweats, or unexplained weight loss should seek testing immediately.

Residents are urged to complete the full course of treatment, which is critical to curing TB and preventing drug resistance.

“Every life saved and every patient successfully treated demonstrates the impact of sustained effort and targeted interventions. We encourage residents to seek care early at their nearest clinics and to support family, friends and neighbours to complete treatment.

“TB is curable when treatedearly and together, we can reduce transmission and safeguard community health,” Gauteng MEC for Health and Wellness, Nomantu Nkomo-Ralehoko said. –SAnews.gov.za

 

Neo

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Deputy President notes progress made and reforms needed in B-BBEE policy

Source: Government of South Africa

Deputy President notes progress made and reforms needed in B-BBEE policy

Deputy President Paul Mashatile says that while Broad-Based Black Economic Empowerment (B-BBEE) has faced implementation shortcomings, it has led to measurable progress in economic inclusion, particularly through the growth of the Black middle class and advancement in industries such as mining and finance.

Speaking at the second Frank Dialogue on the future of B-BBEE in Durban on Saturday, Mashatile stressed the importance of addressing historical inequities to foster inclusive growth.

“I fully agree with the prevailing view among panellists that it is crucial to address historical inequities for fostering inclusive growth, emphasising the need for transformative policies such as B-BBEE,” he said.
However, the Deputy President acknowledged that the implementation of B-BBEE has faced inconsistencies and various hurdles over the years, some of which are still evident today.

“Economic opportunities remain largely concentrated, accompanied by significant skill deficits that impede the policy’s effectiveness. Furthermore, procurement processes often marginalise Black-owned enterprises, contradicting B-BBEE’s objectives.”

He warned that empowerment must be substantive rather than symbolic.
“Policy legitimacy depends on outcomes. Where empowerment becomes paper-based rather than production-based, where fronting occurs, and where exclusion persists, trust is weakened.”

Mashatile called for firmer and more consistent enforcement, supported by credible oversight, to close gaps exploited by fronting practices and aligning agency interests more closely with the principles of B-BBEE.

Reform
The Deputy President warned against conflating governance failures of implementation and broader governance issues with the intrinsic purpose and design of B-BBEE.

“It is misleading to attribute complex macroeconomic outcomes solely to the policy while ignoring other pressing factors, including structural constraints. Abandoning B-BBEE is not an option. The path forward is reform, strengthening and disciplined implementation.”
Government is undertaking a two-phase review of the B-BBEE framework, led by the Department of Trade, Industry and Competition.

The aim, he said, is to refine and reinforce the policy so that it drives transformation, reduces corruption, and promotes inclusive, broad-based growth.

Mashatile referred to the BEE Commission’s 2022 National Status Report, which highlights annual certification data that tracks improvements in ownership, management control, skills pipelines, and supplier development, suggesting that transformation is advancing, albeit unevenly, rather than stagnating.
“This incremental upward trend is consistent with the Government’s stance that B-BBEE is a vital policy tool for promoting the meaningful involvement of historically disadvantaged groups, specifically women, youth, and persons with disabilities, in sectors where inequality persists,” the Deputy President said.

He emphasised that B-BBEE is also a moral obligation rooted in democratic processes. It aligns with Section 9(2) of the Constitution, which allows corrective actions to promote equality and redress discrimination.

The Deputy President linked empowerment policy directly to South Africa’s unemployment crisis.
According to Statistics South Africa, the official unemployment rate stood at 31.4% in the fourth quarter of 2025, with 7.8 million people unemployed. The expanded rate, including discouraged work-seekers, reached 42.1%, while youth unemployment among those aged 15–24 stood at 57%.

On poverty and inequality, the World Bank estimates South Africa’s Gini coefficient at around 63, with the bottom 40% of the population accounting for just 11.5% of income, compared to nearly 60% for the top 20%.

“Transformative policies such as Affirmative Action, Employment Equity, and B-BBEE remain absolutely necessary because exclusion remains measurable and unabated. Thus, these transformative policies offer an opportunity to shape a future where everyone has equal opportunities, despite not starting from an equal footing.

“These policies are essential in addressing the significant wealth gap between Black and White South Africans, highlighting the need for race-based laws to ensure a more equitable playing field. It is through proper implementation that we can also address unemployment and youth exclusion in the key economic activities,” the Deputy President said.

He also pointed to persistent representation gaps, noting that persons with disabilities remain at around 1% of workforce representation, underscoring slow progress without stronger delivery mechanisms.
The Deputy President said urgent attention is required to deepen Black participation in key sectors, including agriculture, mining, finance, and manufacturing.

Citing economist Wandile Sihlobo’s book “A Country of Two Agricultures,” he noted that Black farmers account for only about 10% of South Africa’s commercial agricultural output.

“This stark figure tells us that our growth agenda must have a deliberate bias towards the empowerment of Black farmers,” he said.

He outlined how B-BBEE tools, including ownership, skills development, preferential procurement and enterprise development, can be leveraged to support land reform, open markets, and integrate emerging farmers into value chains.

He further referenced findings by the Competition Commission of South Africa showing persistent market concentration, with small and medium enterprises representing 95% of firms but contributing only 24% of turnover, compared to 76% from large firms.

“Empowerment must be about opening value chains and expanding productive inclusion, not only compliance,” he said. – SAnews.gov.za

 

GabiK

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South African Tourism monitors Middle East flight disruptions

Source: Government of South Africa

South African Tourism monitors Middle East flight disruptions

South African Tourism is monitoring developments of the global flight disruptions linked to the evolving situation in the Middle East and associated airspace closures, which are impacting international travel schedules.

“South African Tourism is aware of confirmed global flight disruptions and cancellations linked to the evolving situation in the Middle East and associated airspace closures, which are impacting international travel schedules.

We are closely monitoring developments in collaboration with aviation authorities, airports, airlines, and tourism partners to remain informed of any implications for travellers to and from South Africa,” South African Tourism said in a statement on Sunday.

South African Tourism, which is the tourism marketing arm of the South African government, has encouraged all travellers to contact their airlines, travel agents, or relevant airports directly to confirm the latest flight information before proceeding with travel arrangements.

It also advised affected travellers to engage their booking agents or airlines regarding rebooking and onward travel assistance. It added that the safety and well-being of visitors remain our highest priority. South Africa values every visitor who has chosen to visit our country.

“During this period of disruption, South African Tourism has no doubt that, in the true South African spirit of ubuntu, the tourism industry will ensure that affected travellers are supported while they await onward journeys to their respective homes. This collective care is a reflection or our humanity and reinforces South Africa’s reputation as a welcoming and responsive tourism partner,” said Acting Chief Executive Officer of South African Tourism, Dr Shamilla Chettiar.

Meanwhile, President Cyril Ramaphosa has reiterated his call for intensified diplomatic efforts to de-escalate tensions and create space for continued meaningful negotiations.

In addition, Airports Company South Africa (ACSA) has confirmed that the current closure of the United Arab Emirates (UAE) airspace is having an impact on flights operated by Emirates and Qatar Airways, thus far.

The current flight disruptions are as follows:
• O.R. Tambo International (JNB): eight cancellations (seven outbound and one inbound).
• Cape Town International (CPT): four cancellations (outbound).
• King Shaka International (DUR): two cancellations (outbound).
–SAnews.gov.za

 

Neo

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Electricity tariff framework to revive ferrochrome sector

Source: Government of South Africa

Electricity tariff framework to revive ferrochrome sector

Electricity and Energy Minister Kgosientsho Ramokgopa has announced a comprehensive electricity tariff framework aimed at stabilising and revitalising South Africa’s ferrochrome industry.

Addressing the media on efforts to develop sustainable solutions for the ferrochrome industry, the Minister outlined the government’s efforts to develop sustainable solutions for the struggling ferrochrome industry. The industry has been severely impacted by rising electricity costs and challenging market conditions.

At a briefing on Friday, the Minister announced the government’s support for electricity tariff relief measures. 

These include a significant reduction in power costs for ferrochrome producers, notably proposed tariffs of around 62 cents per kilowatt-hour for major smelters such as Samancor Chrome and the Glencore-Merafe venture, down from an interim tariff of 87.74 cents per kilowatt-hour approved by the energy regulator in January 2026.

This is intended to stabilise operations, prevent job losses and attract more smelters back into production.

WATCH | Minister’s media briefing

Ramokgopa described the intervention as a “game changer” for the economy, attributing the turnaround at Eskom to enabling the government to intervene meaningfully in support of energy-intensive industries.

“It’s something that I could not have been able to announce about 18 months ago, and this has been made possible by the men and women of Eskom… for having the foresight in ensuring that we are able to design an acceptable framework that will make it possible for us to intervene in the South African economy.”

The intervention follows Section 189 retrenchment processes initiated by major ferrochrome producers, including Glencore and Samancor, which cited unsustainable electricity prices as their primary grievance.

Producers were previously paying around R1.35 per kilowatt-hour. Following engagements and regulatory approval by the National Energy Regulator of South Africa (NERSA), tariffs were reduced to approximately 87 cents per kilowatt-hour.

The Minister said the competitive benchmark is closer to 62 cents per kilowatt-hour — in line with international competitors like China.

Working within the existing fiscal framework, including the debt relief programme, government structured a solution that does not require new funding or shift costs onto residential consumers.

“We are not asking for new money. We have no intention of socialising this cost… we are working within the existing framework,” Ramokgopa said.

While the initial focus is on Glencore and Samancor due to their immediate distress, the Minister stressed that support will be extended to the broader sector through a phased approach.
“This is a phased intervention. We are starting here, but we are coming to everyone,” he said.

Over 11 000 direct jobs
The Minister noted that South Africa has 66 smelters, but only 11 are currently operational due to high electricity costs and market pressures.

He said the intervention is expected to see 45 smelters operating by December 2026 and 49 by December 2027, representing 74% of national capacity.

The framework is projected to support approximately 11 480 direct jobs and potentially 121 392 total jobs, including indirect employment across the value chain.

“When I talk smelters, I’m talking jobs, I’m talking [about an] injection into the South African economy. It means families can put food on the table. We have restored their dignity.”

Economic benefits
Government estimates that the intervention will generate an additional R20 billion in expenditure on raw minerals for beneficiation, deliver R5.5 billion in additional tax revenue to the fiscus, contribute approximately R76 billion in export earnings, and provide Eskom with an additional R17.9 billion in electricity revenue from 24-hour smelter operations.

Ramokgopa emphasised that the measures are not subsidies, but competitiveness interventions aimed at retaining beneficiation at source and breaking from historical extraction patterns.

“President [Cyril] Ramaphosa has made the point that we must move away from colonial patterns of extraction. There must be beneficiation at source. Electricity is the first mover in that process,” Ramokgopa said.

He added that the intervention represents the most significant announcement of his tenure as Minister.
“This is the gain we spoke about. We have paid the pain of load shedding. Now is the time for the return,” he said.

Industrial growth
Eskom Board Chairperson, Dr Mteto Nyati, described the announcement as a proud milestone in South Africa’s journey toward industrial growth and shared prosperity.

“We stand here not just to announce support for our smelters, but to celebrate what became possible when a utility recommits to its purpose. Our purpose is powering growth sustainably,” Nyati said.

He noted Eskom’s dual mandate, to operate as a commercially viable entity while advancing developmental objectives.

“Commercially, we must operate efficiently, deliver reliable power, manage our costs and secure financial health. Developmentally, we must recognise the critical role electricity plays in enabling jobs, beneficiation, exports and communities to thrive,” Nyati said. – SAnews.gov.za
 

GabiK

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Flight disruptions following Middle East tensions

Source: Government of South Africa

Flight disruptions following Middle East tensions

Airports Company South Africa (ACSA) has confirmed that the current closure of the United Arab Emirates (UAE) airspace is having an impact on flights operated by Emirates and Qatar Airways, thus far.

This follows recent military strikes in the Middle East.

ACSA owns and operates South Africa’s nine principal airports, including three international gateways: O.R. Tambo, Cape Town and King Shaka International Airports.

The current flight disruptions are as follows:
• O.R. Tambo International (JNB): eight cancellations (seven outbound and one inbound).
• Cape Town International (CPT): four cancellations (outbound).
• King Shaka International (DUR): two cancellations (outbound).

“Passengers are strongly advised to contact their airlines or relevant embassies directly for the latest flight schedules and status updates. ACSA remains committed to the safety of all travellers, and our thoughts are with those impacted by these disruptions,” it said.

ACSA is an entity of the Department of Transport.

Meanwhile, President Cyril Ramaphosa and the Government of the Republic of South Africa have expressed deep concern over the escalating tensions in the Middle East, warning that the developments pose a serious threat to regional and international peace and security.

In a statement issued on Saturday, the Presidency said the situation carries far-reaching humanitarian, diplomatic and economic consequences.

READ | President Ramaphosa calls for dialogue in the Middle East

The President reiterated his call for intensified diplomatic efforts to de-escalate tensions and create space for continued meaningful negotiations.

“We urge the international community, including multilateral institutions and regional partners, to redouble efforts aimed at promoting mediation and peaceful resolution. As a nation that has emerged from conflict through dialogue and reconciliation, South Africa remains steadfast in its belief that peace is not only possible, but imperative for the shared future of the Middle East and the world,” President Ramaphosa said. – SAnews.gov.za

 

Neo

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