SIU claws back nearly R25 million in diverted NLC grant funding

Source: Government of South Africa

SIU claws back nearly R25 million in diverted NLC grant funding

The South African Sports Confederation and Olympic Committee (SASCOC) and several associated parties have been ordered to pay back some R24.98 million unlawfully diverted from a National Lotteries Commission (NLC) grant.

The order was handed down by the Special Tribunal following an investigation by the Special Investigating Unit which, according to the unit, found that payments meant to fund the 2016 Rio Olympics roadshow campaign were instead used to enrich certain individuals and companies linked to a former NLC official.

“On 7 July 2016, SASCOC applied for a grant of R34.83 million from the NLC as a conduit for the Mshandukani Foundation. This came after the Mshandukani Foundation was registered as a nonprofit company [NPO] on 16 February 2016 and opened a bank account on 12 April 2016.

“The investigation also uncovered that the identities of two women – a receptionist and a geologist intern at Mshandukani Holdings (Pty) Ltd – were used without their consent and their signatures forged to register the foundation, which had no affiliation with SASCOC.

“Despite this, SASCOC assisted Mshandukani in securing funding from the NLC,” the SIU explained in a statement.

Sophisticated scheme

The SIU said when funding was secured, SASCOC promptly transferred R24.83 million to the Mshandukani Foundation in three tranches.

This despite the fact that the foundation “did not qualify for funding, as it was a newly established NPO and lacked the required annual financial statements”.

Some R150 000 was retained and marked as “services rendered”.

Portions of the grant were transferred to various entities by the foundation, including:
•    R15.35 million paid to Ironbridge Travel Agency between 22 July and 28 September 2016.
•    R7.23 million paid to Mshandukani Holdings between 22 July 2016 and 6 March 2017.
•    R2 million paid to Ndzhuku Trading between 23 and 28 July 2016.
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Furthermore, foundation paid R240,000 to several beneficiaries under the reference “SASCOC Events”, including:
•    Benza Consulting – R80 000.
•    Imbizo Events – R85 000.
•    Koleka Music Productions – R30 000.
•    Minenhle Dlamini – R50 000.

The investigation also found that several companies paid by Ironbridge Travel Agency were linked to NLC Chief Operations Officer, Philemon Letwaba.

Among the payments identified were:
•    R450 000 paid to Letwaba.
•    R600 000 paid to a former NLC official in legal.
•    R3 million paid to Mosokodi Business Trust, an entity linked to Letwaba.

“The SIU found that the R15.35 million transferred to Ironbridge Travel Agency, owned by Karabo Charles Sithole, who is related to Letwaba, was used for purposes unrelated to the grant’s approved objectives.

“However, the funds were used to purchase vehicles and livestock, pay panel beaters, cover network installation services, fund decor, and enrich Letwaba, his family, and associates,” the statement read.

All the respondents have been ordered to pay back the money except the two women whose identities were fraudulently used.

Dlamini and Imbizo Events have already concluded settlement agreements with the SIU.

“In the judgment, the Tribunal found that SASCOC was complicit in the scheme to ‘siphon’ funds from the NLC and played a role in facilitating the unlawful diversion of public funds.

“The Tribunal orders form part of the implementation of the SIU investigation outcomes and consequence management to recover financial losses suffered by State institutions due to corruption or negligence.

“In line with the Special Investigating Units and Special Tribunals Act 74 of 1996, the SIU will refer any evidence of criminal conduct uncovered during its investigation to the National Prosecuting Authority for further action,” the statement concluded. – SAnews.gov.za

 

 

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Emirates, European Professional Club Rugby (EPCR) and the Kolisi Foundation launch the Emirates Nourishment Programme to support childhood nutrition across South Africa

Source: APO

  • Around 2,000 children will benefit each year through schools and Early Childhood Development Centres in Gauteng, Cape Town and Durban
  • Four-year long initiative will provide approximately 400,000 nutritious breakfasts annually in underprivileged communities
  • Partnership leverages the power of sport and community to help address childhood nutrition and create a more supportive environment for education

Emirates (www.Emirates.com), European Professional Club Rugby (EPCR), and the Kolisi Foundation have launched the Emirates Nourishment Programme, a long-term initiative designed to ensure that thousands of children start every school day with a nutritious breakfast, giving them a stronger foundation to learn, develop and thrive.

Across South Africa, an estimated 15 to 16 million people experience food insecurity, with children often bearing the greatest burden. Breakfast is frequently the first meal sacrificed, yet it is one of the most important for a child’s ability to concentrate, participate in class and engage in learning throughout the day. The Emirates Nourishment Programme aims to address this by providing approximately 400,000 nutritious breakfasts every year—around 1.6 million breakfasts over the initial four-year partnership—ensuring around 2,000 learners each year have the opportunity to begin every school day nourished and ready to learn.

The initiative, which will run until 2030, combines nutritional support with the inspirational power of rugby, creating opportunities for children not only to receive consistent access to breakfast, but also to engage with role models who demonstrate resilience, teamwork and leadership.

The Kolisi Foundation (http://KolisiFoundation.org/) believes that lasting change requires addressing inequality in all its interconnected forms. Through programmes focused on food security, education, gender-based violence prevention and sport, the Foundation works alongside communities and strategic partners to remove barriers that prevent young people from reaching their full potential.

Commenting on the launch of the Emirates Nourishment Programme, founder of the Foundation, Siya Kolisi said “No child should have to choose between learning and hunger. I know from my own journey how much opportunity can change a life, but it’s difficult to dream, concentrate or believe in yourself when you’re hungry. That’s why this programme matters. A nutritious breakfast may seem like a simple thing, but for a child it can mean arriving at school ready to learn, to grow and to believe in what’s possible.”

The Foundation’s Managing Director Mahlatse Mashua, added, “Good nutrition is one of the most powerful investments we can make in a child’s future. A breakfast served consistently over an entire school year doesn’t simply satisfy hunger—it improves attendance, supports cognitive development, enables children to participate more fully in the classroom and creates better conditions for learning. Those seemingly ordinary mornings accumulate into extraordinary opportunities over time.

“We are grateful to Emirates and EPCR for their commitment to this shared vision. Together, we are helping create an environment where children can focus on being children, learning, growing and building brighter futures for themselves, their families and their communities.”

Jacques Raynaud, CEO of EPCR, said “Rugby has a unique ability to unite people, inspire communities and create meaningful change beyond the field of play. Through our impACT strategy, EPCR is committed to harnessing that power and working with partners who share our ambition to leave a positive legacy.

“The Emirates Nourishment Programme is a perfect example of what can be achieved when organisations come together around a shared purpose. Together with Emirates and the Kolisi Foundation, we will be supporting thousands of children across South Africa with the nutrition they need to learn, develop and thrive. We are incredibly proud to launch this programme and excited about the impact it will create over the years ahead.”

Afzal Parambil, Emirates’ Regional Manager for South Africa said, “At Emirates, we have a legacy connecting communities through our sponsorship portfolio, using sport as a platform for social inclusion and youth development. Through this partnership with EPCR and the Kolisi Foundation, we hope to remove one of the barriers that can stand in the way of learning and opportunity, helping young people reach their full potential, and deliver a positive impact that extends far beyond the classroom.”

By combining consistent nutritional support with the unifying power of rugby, the Emirates Nourishment Programme represents a long-term investment in South Africa’s children. Together, Emirates, EPCR and the Kolisi Foundation are helping ensure that thousands of young people begin every school day nourished, ready to learn and better equipped to realise their potential.

Distributed by APO Group on behalf of The Emirates Group.

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Government blitz inspection yields results in KZN

Source: Government of South Africa

Government blitz inspection yields results in KZN

A high-impact government inspection blitz at the Mooi River Toll Plaza in KwaZulu-Natal has placed the road freight and logistics sector under scrutiny, exposing immigration breaches, unsafe transport practices and suspected human trafficking.

The operation, led by Deputy Minister of Employment and Labour Jomo Sibiya, Deputy Minister of Home Affairs Njabulo Nzuza and Deputy Minister of Transport Mkhuleko Hlengwa, formed part of the inspection and enforcement services multidisciplinary blitz programme. 

It brought together labour inspectors, immigration officials, transport authorities and law-enforcement agencies to test compliance.

Sibiya, in a post on social media platform X, said the operation had yielded significant results. 

“The operation closed both N3 North and South bound, a number of illegal immigrants driving without work permits were arrested and in a turn of events some drivers opted to use the R103 and our agile team identified them and our operation moved to R103 where we arrested two drivers trafficking some Malawian citizens who have since been taken to a place of safety for processing for deportation,” he wrote.

The inspection comes amid tensions in the trucking industry, where local drivers and communities have raised concerns about undocumented foreign nationals being employed as drivers. 

Mooi River has previously been associated with protests linked to the sector.

In an interview with the SABC, Nzuza said the operation – whose main target was undocumented foreign nationals working in the trucking industry – made a substantial number of arrests, although figures were not yet finalised.

He said the operation helped government understand the problem “on the ground”, especially in areas where complaints had been made about undocumented foreign nationals driving trucks. 

He said some people entered South Africa as visitors and later took up work in domestic and cross-border trucking.

“They are employed by truck owners who are also not following the law, because they are employing people who are illegally in the country,” the Deputy Minister said. 

“We want to send a very clear message to employers that we are now targeting employers. We want to cut the demand for illegal immigrant labour.”

The focus was not limited to drivers but extended to operators and employers accused of creating demand for unlawful work.

Speaking to Newzroom Afrika, Hlengwa said the joint presence of several departments was important because the risks crossed institutional boundaries. 

“The presence of the various government departments and entities collaborating is important across the ecosystem because it is about the pooling and sharing of resources,” he said.

He said the operation pointed to the need for public education, particularly where vulnerable people may not understand where they are being taken. He said alleged human trafficking involving women and children – which was identified during the blitz – created risks for the state and demanded coordinated intervention.

From a transport perspective, Hlengwa said some vehicles were allegedly being used outside the conditions of their permits, including as passenger vehicles. 

“You cannot fit 10 or 12 people in the back of a truck like that, including children, and then also add cargo onto the vehicle. It is an overload, it is a risk to the vehicle, and it is a risk to other road users as well,” he said.

The blitz highlights government’s attempt to combine labour enforcement, immigration control and road safety oversight. Its success will depend on sustained inspections, employer accountability and protection for vulnerable people. – SAnews.gov.za

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Transforming SACU into a globally competitive regional bloc

Source: Government of South Africa

Transforming SACU into a globally competitive regional bloc

President Cyril Ramaphosa has called on member states of the Southern African Customs Union (SACU) to transform the regional bloc from a traditional customs arrangement into a dynamic industrial hub capable of shielding the region from global economic shocks.

The President delivered the keynote address at the opening of the 9th Summit of the SACU Heads of State and Government held at the Cape Town International Convention Centre on Friday.

He highlighted that as global uncertainties grow, no single African country can prosper in isolation.

“We gather today at a moment when the global economy is being reshaped before our eyes. Trade patterns are changing. New technologies are redrawing industrial competitiveness. Supply chains are being reconfigured. Around the world, nations are reorganising themselves for a far more uncertain future.

“It is at this moment when a re-imagined SACU Agenda matters,” President Ramaphosa said.

Despite an increasingly unstable global environment, countries within the SACU region are showing economic resilience, with overall economic growth within the bloc projected to reach some 2.64% in 2026 and 2.1% in 2027.

To sustain this momentum, President Ramaphosa noted that the 116-year-old institution – the oldest customs union in the world – must adapt to changing global dynamics.

“Our Union has the potential to be more than a fiscal instrument. It must be a catalyst for development.

“It is time to move away from the traditional role of SACU as a customs arrangement and towards being the premier platform for regional economic resilience and self-reliance. This is essential because institutions that fail to adapt to changing realities ultimately become custodians of the past rather than architects of the future.

“Commendable progress has been made in a number of areas. Our ambition must be nothing less than building Southern Africa into one of the world’s most competitive regional production hubs,” he said.

The President called for collaboration between countries to build a robust industrial ecosystem capable of competing globally.

Specific national competitive advantages that can be harnessed include:

  • Eswatini’s manufacturing base;
  • Lesotho’s textile sector;
  • Namibia’s green hydrogen and uranium processing potential;
  • Botswana’s diamond beneficiation experience, and
  • South Africa’s automotive and steel capacity. 

“Industrialisation is the only durable path from commodity dependence to an economy capable of sustaining our growing populations.

“The next chapter in SACU’s history must be written not in customs schedules alone, but in factories that produce, laboratories that innovate, railways that connect our economies and young people whose talents are fully realised,” he insisted.

African endowment

President Ramaphosa noted that the African continent has about 30% of the world’s mineral reserves.

He said SACU must “leverage the growing global demand for critical minerals to support our own regional value chains and to fast-track the beneficiation of our raw materials”.

To clinch these opportunities, the region must continue to invest in infrastructure, including railways, roads, ports and energy grids.

“The Trans-Kalahari Railway, which Botswana and Namibia have been advancing, is precisely the kind of transformative infrastructure that the region needs.

“The Lesotho Highlands Water Project is a model of shared infrastructure that has served both Lesotho and South Africa for decades. Eswatini’s energy interconnections with South Africa and Mozambique demonstrate the same value.

“We are also launching cross-border special economic zones that will serve as nodal points for regional industrialisation,” President Ramaphosa said.

He emphasised that the continent possesses “everything the world needs for the next century of human development”.

“The question is whether we will be the architects of that development or merely suppliers of raw materials. This is the challenge we must address at this Summit.

“In the end, let history record that this generation of African leaders transformed the world’s oldest customs union into one of its most dynamic engines of regional development,” President Ramaphosa said. – SAnews.gov.za

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Lenacapavir marks a new era in South Africa’s HIV prevention efforts

Source: Government of South Africa

Lenacapavir marks a new era in South Africa’s HIV prevention efforts

By Prof Nicholas Crisp
Lenacapavir is a gamechanger in the field of global health, signifying a shift from HIV prevention that requires a daily routine to a long-acting and highly effective form of protection. Lenacapavir is expected to support government’s efforts to reduce and ultimately prevent new HIV infections in South Africa, advancing the country’s goal of achieving zero new HIV infections and ending AIDS as a public health threat by 2030.

Figures from 2025 show that 8.15 million people in South Africa are living with HIV, accounting for approximately 12.9% of the total population. The most affected group is adults aged 15 to 49, and in this cohort, HIV prevalence is about 18.1%, and it remains worrying that young people aged 15 to 24, continue to face heightened vulnerability to HIV.

Recognising the need for further efforts to tackle this challenge, President Cyril Ramaphosa announced in his 2026 State of the Nation Address that government is committed to strengthening the country’s HIV treatment programme through the rollout of Lenacapavir.

Lenacapavir is a revolutionary HIV prevention medication administered through an injection only twice a year. Less than four months after announcing government’s intention to introduce this groundbreaking innovation, President Cyril Ramaphosa delivered on that commitment by officially launching the rollout of Lenacapavir in Secunda, Mpumalanga, on 5 June 2026. The launch marked a significant milestone in South Africa’s HIV response, bringing the country one step closer to expanding access to cutting-edge prevention tools and reducing new HIV infections.

This rollout represents important development in South Africa’s ongoing efforts in reducing new infections while improving the public health response to HIV and AIDS.

The first phase of Lenacapavir is being rolled out to approximately 360 public clinics and health facilities located in high-burdened districts across six of South Africa’s provinces. Government’s immediate target is to reach one million people by the end of 2027 and three million in three years.

The introduction of this long-acting HIV prevention medicine aligns with South Africa’s commitment to strengthening prevention as a key pillar of the national HIV response. While significant progress has been made in expanding access to antiretroviral treatment, reducing the number of new infections remains critical to achieving long-term epidemic control.

The availability of Lenacapavir provides an opportunity to reach individuals and communities who may face challenges in consistently accessing or using existing prevention methods. By offering protection through a twice-yearly injection, it has the potential to improve uptake and continuity of HIV prevention services, particularly among populations that remain disproportionately affected by new infections. This could contribute to reducing transmission rates, lowering the future burden on the healthcare system, and improving health outcomes across communities.

Furthermore, the introduction of Lenacapavir reinforces government’s broader public health objective of shifting from a predominantly treatment-focused approach towards a more balanced model that prioritises early intervention and long-term sustainability.

Every new HIV infection prevented reduces the need for lifelong treatment and associated healthcare costs, enabling resources to be directed towards other pressing health and development priorities. In this regard, Lenacapavir represents not only a medical breakthrough, but also a strategic policy tool that can help accelerate South Africa’s progress towards a healthier, more equitable and HIV-free future.

Although Lenacapavir is developed by the United States pharmaceutical company, Gilead Sciences, South Africa has applied for inclusion among the African countries to be granted the rights to manufacture the medicine.
This development will not only strengthen the country’s capacity to respond to HIV, but also position South Africa as an important contributor to expanding access to life-saving health innovations across the continent.

For South Africa, this moment carries profound significance. It stands as a testament to the remarkable progress the country has made since the darkest days of the HIV epidemic, when communities were devastated by the height of this illness and loss of loved ones. Over the years, the country has improved its response towards HIV and AIDS, such as through the roll-out of antiretroviral medicines and awareness campaigns driven to minimise the spread of the disease while working towards the goal to eliminate it.

The manufacturing of Lenacapavir builds on the decades of South Africa’s fight against this epidemic, representing a significant step forward in the country’s ongoing efforts to prevent new infections and improve public health outcomes.

Moreover, through the innovation of this medicine, the country is no longer only a recipient of medical innovation but is increasingly becoming a participant in shaping it. The opportunity that will be given if a company is found with adequate capacity to manufacture Lenacapavir reflects growing confidence in South Africa’s capabilities and offers renewed hope that future generations may live in a country where HIV is no longer a defining public health challenge.

It is a milestone that speaks not only to scientific advancement, but also to the resilience, determination and collective efforts of all those who have contributed to the fight against HIV over the past decades. It is now in our hands to prevent new HIV infections in South Africa. Protect yourself, protect your future!

*Crisp is the Acting Director-General for the National Department of Health, and the Deputy Director-General for National Health Insurance in the Department of Health. 

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PIC backs South Africa’s hydrogen future

Source: Government of South Africa

PIC backs South Africa’s hydrogen future

The Chairperson of the Public Investment Corporation (PIC) Board, Dr David Masondo, visited HyPlat in Cape Town on Wednesday as part of the corporation’s oversight programme to assess investments aimed at supporting South Africa’s long-term economic development.

HyPlat is a subsidiary of Bambili Energy, a South African hydrogen technology company in which the PIC acquired a 15% shareholding in October 2023 through investment mandates from the Government Employees Pension Fund (GEPF) and the Department of Science, Technology and Innovation (DSTI).

The company manufactures membrane electrode assemblies (MEAs), a key component used in hydrogen fuel cells and electrolysers.

Developed through South Africa’s Hydrogen South Africa (HySA) programme and run out of the University of Cape Town, HyPlat is the country’s first manufacturer and exporter of MEAs to European customers.

The PIC said its investment was intended to support Bambili Energy’s transition from research and development to commercialisation. The company has since completed a bankable feasibility study, positioning it to raise capital for a planned large-scale manufacturing facility.

Speaking during the visit, Masondo said the oversight programme allows the PIC Board to assess the impact of its investments.

“Investments such as Bambili Energy demonstrate how patient capital is driving industrialisation, adding value to our minerals, such as platinum, while enhancing energy security and supporting decarbonisation through hydrogen energy,” he said.

Bambili Energy operates across the hydrogen manufacturing value chain, producing membrane electrode assemblies, platinum-based catalysts and fuel cell systems.

The PIC said the investment supports South Africa’s objective of mineral beneficiation by converting locally sourced platinum group metals into higher-value manufactured products instead of exporting raw materials.

According to the completed feasibility study, the planned manufacturing facility is expected to create approximately 440 direct jobs during construction and around 1 200 direct jobs once it reaches full production.

The project is expected to develop specialised technical skills, expand exports of locally manufactured technology and strengthen South Africa’s position in global clean energy value chains.

The facility is planned to be located near research institutions, logistics infrastructure and South Africa’s platinum mining ecosystem to support localisation, industrialisation and export-led growth.

Bambili Energy has also partnered with the University of Pretoria to develop specialised fuel cell skills. The partnership has already produced 30 qualified fuel cell technicians, while the company’s training programme has received approval from the Quality Council for Trades and Occupations (QCTO).

The PIC said the oversight visit enabled its Board to review the company’s progress against the original investment case, assess commercial milestones achieved since the investment and engage management on future growth plans as the business moves towards full-scale manufacturing.

The visit forms part of the PIC Board’s broader oversight programme aimed at strengthening governance, accountability and transparency through direct engagement with companies in which it has invested.

The PIC manages approximately R3 trillion in assets on behalf of its clients and says it remains committed to investing responsibly while supporting sustainable economic development, industrial expansion and long-term value creation. – SAnews.gov.za

 

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Government meets with Working on Fire to discuss labour relations concerns

Source: Government of South Africa

Government meets with Working on Fire to discuss labour relations concerns

The Deputy Minister of Forestry, Fisheries and the Environment, Bernice Swarts, held a national consultative meeting with participants in the Working on Fire (WOF) Programme to discuss concerns about working conditions.

The concerns raised by participants included the cost-of-living wage adjustment, the temporary nature of their employment, the quality of skills development in relation to their capabilities, occupational health and safety, among others.

WOF is an initiative of the Department of Forestry, Fisheries and the Environment that trains men and women as veld and forest firefighters and stations them throughout South Africa.

The Deputy Minister committed to resolving matters, including Project Progress Compliance and Personal Protective Equipment requirements, the timely issuing of payslips, tax matters, follow-ups on Compensation for Occupational Injuries and Diseases Act claims, and non-accredited training.

“The department values this programme immensely. The work undertaken by Working on Fire Programme participants is critical in protecting lives, property, infrastructure, and the environment from the devastating impact of wildfires,” she said.

Swarts said participants’ commitment to the Working on Fire Programme remains critical, as wildfires continue to pose an ongoing challenge exacerbated by climate change.

However, she reminded them that the Working on Fire Programme provides temporary employment and does not offer permanent jobs.

“This is why we place significant emphasis on training within the programme. The intention is that participants acquire valuable skills and qualifications that can assist them in securing employment or pursuing other opportunities once they exit the programme,” the Deputy Minister said.

She encouraged them to proactively explore exit opportunities provided by the government through various programmes that support youth entrepreneurship. –SAnews.gov.za

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DPWI expands artisan pipeline to drive infrastructure development

Source: Government of South Africa

DPWI expands artisan pipeline to drive infrastructure development

Government is intensifying efforts to build State capacity and strengthen infrastructure delivery by expanding South Africa’s pool of skilled artisans through strategic partnerships with tertiary institutions and industry.

The Department of Public Works and Infrastructure (DPWI) is working to grow the country’s pipeline of professional artisans as part of a broader drive to improve the State’s ability to plan, build and maintain critical infrastructure.

Central to this effort is the department’s plan to rapidly roll out artisans by re-establishing departmental workshops across the country.

Speaking at the 4th Annual Construction Business and Project Management (CBPM) Conference in Cape Town, DPWI Deputy Minister Sihle Zikalala said collaboration between government, academia and industry remains critical to achieving this goal.

He confirmed that the department will launch a new Centre of Excellence at the University of Cape Town.

Similar Centres of Excellence have already been established at the University of Johannesburg, the University of the Witwatersrand and Walter Sisulu University.

“The work that the institutions are doing is useful in ensuring that there is a coordinated approach and a seamless contribution to the body of knowledge which finds expression in practical implementation.

“We need greater collaboration between government, industry and other partners to accelerate delivery and scale of innovation,” Zikalala said.

The Deputy Minister emphasised the importance of coordination among stakeholders in addressing challenges related to infrastructure delivery, housing provision, procurement, sustainability and technological advancement.

He said that by fostering collaboration, driving innovation and promoting the exchange of insights, Centres of Excellence can play a transformative role in reshaping the built environment.

Zikalala also reminded delegates that government has set itself a target of developing 30 000 artisans per year, as announced by the President during the 2023 State of the Nation Address.

To support this target, the department has already launched the Artisan Development Programme, which focuses on developing critical construction trades including bricklaying, welding, carpentry, painting, mechanical, fitter and turner, electrical work, plumbing and boilermaking.

The programme is aimed at addressing South Africa’s skills shortage while ensuring the State has the technical expertise needed to deliver infrastructure projects efficiently and sustainably.

The Deputy Minister called on the private sector, academia and Sector Education and Training Authorities (SETAs) to play a greater role in helping South Africa train enough artisans, noting that current throughput remains insufficient at only 15 000 graduates per year from technical colleges.

“Let us construct beyond buildings and roads, but hope, opportunity and lasting progress for generations to come,” Zikalala said. – SAnews.gov.za

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South Africa unlocks $14bn Afreximbank programme to drive industrial growth

Source: Government of South Africa

South Africa unlocks $14bn Afreximbank programme to drive industrial growth

Government is deepening its efforts to build State capacity and unlock development finance to drive industrialisation after securing access to a US$14 billion funding programme through Afreximbank.

The Department of Trade, Industry and Competition (the dtic) and the African Export-Import Bank (Afreximbank) have signed a Memorandum of Understanding (MoU) that unlocks access to a massive US$14 billion Country Programme.

Dtic Minister Parks Tau recently concluded a working visit to Egypt where the agreement was signed, marking a significant milestone following South Africa’s decision in April this year to join Afreximbank as a full sovereign Class A shareholder.

Headquartered in Egypt, Afreximbank is a multilateral financial institution established to facilitate, promote and expand both intra-African and extra-African trade.

The newly announced Country Programme will provide South African businesses, State-owned enterprises and financial institutions with access to trade and industrial finance, transformation funding, risk mitigation instruments and project finance.

The funding is also expected to support South African companies seeking to expand into continental markets under the African Continental Free Trade Area (AfCFTA).

Tau led a delegation of senior officials from the dtic and its entities to strategic engagements with Afreximbank representatives in Al Alamein, Egypt, led by the bank’s President, culminating in the signing of the MoU.

He said the partnership will strengthen South Africa’s ability to support exports, attract investment and advance economic transformation by improving access to critical funding.

“The proposed Country Programme is designed to support South Africa’s objectives linked to structural economic transformation, industrialisation, export development and regional economic integration.

“Under the proposed multi-year programme, Afreximbank will deploy a coordinated package of financing, risk mitigation, advisory and catalytic interventions targeting priority industrial sectors such as manufacturing, mineral beneficiation, energy and infrastructure, Special Economic Zones and industrial parks, as well as the development of intra-African trade and participation in the AfCFTA,” Tau said.

He emphasised that the programme represents far more than a financing package.

“It is a strategic trade and industrial partnership that will support South Africa’s key economic transformation goals, including positioning the country as a global leader in green hydrogen and critical minerals.

“It will also support efforts to redistribute economic power through inclusive industrialisation, strengthen African value chains and deepen AfCFTA integration, helping build lasting trade infrastructure across the continent,” he said. – SAnews.gov.za

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African Mining Week (AMW) to Strengthen Middle East – Africa Mining Partnerships with Dedicated Investment Roundtable

Source: APO


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As mining sector cooperation between Africa and the Middle East strengthens – driven by Africa’s demand for capital and the Gulf’s pursuit of secure mineral supply chains – African Mining Week (AMW) 2026 will provide a strategic platform connecting African mining jurisdictions with Middle Eastern investors.

Taking place from October 14 – 16, 2026 in Cape Town, AMW – The Most Influential Mining Conference in Africa – will feature a dedicated Middle East-Africa Roundtable, highlighting investment trends and long-term collaboration prospects for Gulf stakeholders across Africa’s mining value chain.

As global demand for critical minerals expands – driven by the energy transition, AI infrastructure deployment and defense applications – the Middle East is strengthening its supply chain through investments in Africa – home to 30% of the world’s reserves.

For Gulf economies seeking to diversify revenue generation from hydrocarbons, Africa’s $8.5 trillion worth of untapped mineral deposits are becoming central to industrial diversification strategies. Saudi Arabia’s Vision 2030 – under which the Kingdom has pledged to invest $10 billion in African mining projects – alongside the UAE’s broader industrial transformation agenda, is driving increased acquisition of upstream mineral assets abroad, particularly across Africa’s critical minerals sector.

The shift is already translating into rising capital flows for Africa. Gulf states accounted for approximately 22% of greenfield foreign direct investment into Africa in 2025, highlighting the region’s growing role as a strategic investment partner for the continent. Sovereign wealth fund Abu Dhabi Developmental Holding Company (ADQ), for instance, is supporting critical mineral investments across emerging markets through a $1.8 billion joint venture with Orion Resource Partners and the U.S. International Development Finance Corporation. Separately, ADQ has also announced plans to invest $500 million into Kenya’s mining sector.

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In mid-2025, Oman’s Maaden Fund secured a 41% stake in Angola’s Catoca diamond mine – one of the world’s largest diamond operations – reinforcing Gulf investors’ growing appetite for strategic mineral assets capable of generating long-term production resilience and stable revenue streams.

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Meanwhile, the UAE’s International Resources Holding (IRH)’s $1 billion investment in Zambia’s Mopani Copper Mine is supporting operational restoration efforts aimed at increasing production to 200,000 tons over the next three years. Mopani is already playing a crucial role in supporting a national target to increase copper output to three million tons by 2031, emerging as a key contributor to the 8% increase in output recorded in 2025.

In South Africa, IRH’s agreement with the Public Investment Corporation to explore co-investment opportunities could unlock fresh capital at a time the country seeks to mobilize R2 trillion to unlock its critical mineral sector growth over the next three years.

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AMW 2026 will highlight how Middle Eastern investment is modernizing Africa’s mining value chain. As African markets maximize their growth potential through localized processing, the event identifies the most lucrative investment and partnership opportunities between African mining stakeholders and Middle Eastern financiers.

Distributed by APO Group on behalf of Energy Capital & Power.