Government remains committed to improving manufacturing value chain

Source: Government of South Africa

Government remains committed to improving manufacturing value chain

Government is committed to continue improving productivity across the manufacturing value chain and positioning South African manufacturers to access new regional and global markets, says the Deputy Minister of Trade, Industry and Competition, Alexandra Abrahams.

The Deputy Minister said this while delivering the keynote address at the KwaZulu-Natal Clothing and Textile Cluster’s (KZNCTC) 20th Anniversary Annual General Meeting held at the Toyota Wessels Institute of Manufacturing Studies (TWIMS) in Kloof, Durban.

The KZNCTC is an industry-led public-private partnership focused on improving the competitiveness, sustainability and resilience of the clothing, textile, footwear and leather manufacturing sector in KwaZulu-Natal.

Abrahams emphasised that the future of South African manufacturing depends on a clear policy direction.

“We must move decisively away from approaches that rely excessively on protectionist policy instruments. The long-term success of domestic industry will depend on our ability to build businesses that are productive, innovative and capable of competing globally. Our objective must be simple: We must create conditions where South African manufacturers succeed because they are competitive, efficient and world-class.

“That is how we build sustainable industrial growth. That is how we create lasting jobs,” the Deputy Minister said on Thursday.

The engagement formed part ongoing commitment to supporting economic growth, investment and job creation through a stronger and more competitive manufacturing sector.

It also reflected government’s focus on working in partnership with industry to unlock opportunities for local businesses, strengthen value chains and expand employment opportunities.

Deputy Minister Abrahams addressed the growing concern around illegal and non-compliant manufacturing practices within parts of the clothing and textile sector.

“Reports of labour exploitation, unsafe working conditions, immigration violations and non-compliance with bargaining council agreements raise serious concerns for the future integrity of this industry.  

“Businesses that follow the law should never be forced to compete against businesses that ignore the law.  When illegal manufacturing practices are allowed to continue unchecked, the damage extends across the entire value chain. Workers are exploited. Ethical manufacturers are undercut. Retailers face reputational risk. Consumer confidence is weakened. And compliant businesses face commercial pressure that ultimately threatens jobs and livelihoods,” Abrahams said.

She gave assurances that the dtic, is working closely with the Department of Employment and Labour, South African Revenue Service, Home Affairs, bargaining councils and law enforcement agencies to strengthen enforcement action. – SAnews.gov.za 

Neo

1

Nelson Mandela Bay boosts tourism safety with deployment of new officers

Source: Government of South Africa

Nelson Mandela Bay boosts tourism safety with deployment of new officers

Nelson Mandela Bay has strengthened its position as one of South Africa’s leading tourism destinations with the deployment of a new cohort of Tourism Safety Officers across key tourism precincts and the city’s internationally acclaimed beachfront.

The initiative forms part of the Nelson Mandela Bay Coastal Tourism Policing Initiative, a strategic partnership between the Nelson Mandela Bay Municipality, the Mandela Bay Development Agency (MBDA), the Tourism Business Council of South Africa (TBCSA), the South African Police Service (SAPS), Metro Police, and tourism stakeholders.

The deployment represents a significant investment in visitor safety and destination competitiveness, aligning with the Department of Tourism’s Tourism Sector Master Plan, which identifies safety, destination management, job creation, and tourism growth as key priorities for growing the national tourism economy.

The newly trained officers will provide visible patrols, visitor assistance, incident response and law enforcement support in tourism hotspots, helping to create a safer and more welcoming environment for both residents and visitors.

Nelson Mandela Bay Executive Mayor, Babalwa Lobishe, said the initiative demonstrates the city’s commitment to becoming the destination of choice for domestic and international travellers.

“Tourism remains one of the most important drivers of economic growth, job creation and investment in our city. Every visitor who chooses Nelson Mandela Bay supports local businesses, creates employment opportunities and contributes to the growth of our local economy,” Lobishe said.

She said the deployment of Tourism Safety Officers is a direct investment in visitor confidence and destination excellence.

“It also sends a strong message that Nelson Mandela Bay is committed to providing a safe, welcoming and memorable experience for all who visit our city. As we continue to position Nelson Mandela Bay as South Africa’s premier coastal destination and gateway to the Eastern Cape, partnerships such as these play a critical role in enhancing our competitiveness and unlocking new opportunities for tourism growth,” the mayor said.

Tourism Business Council of South Africa Chief Executive Officer Tshifhiwa Tshivhengwa said the initiative highlights the value of industry-led investment in tourism safety.

“Through the Tourism Marketing South Africa (TOMSA) Collaborative Fund, Tshivhengwa said tourism businesses are investing directly in initiatives that make destinations safer and more competitive.

“These officers are a tangible example of that investment at work. Safety is not only a public-sector responsibility; it is tourism imperative. This partnership reflects the industry’s commitment to creating environments where visitors can explore with confidence and local tourism businesses can thrive,” Tshivhengwa said.

Funded through a partnership between the TOMSA Collaborative Fund and the MBDA, the programme equips officers with specialised training, vehicles, communication equipment and operational support structures designed to enhance coordination between tourism stakeholders and law enforcement agencies.

Tourism remains a strategic economic sector for both Nelson Mandela Bay and South Africa, supporting thousands of jobs and contributing significantly to local economic development.

The municipality said the deployment forms part of the city’s broader Tourism Safety Plan, which seeks to improve visitor experiences, strengthen destination competitiveness and attract increased tourism investment.

“The initiative further reinforces Nelson Mandela Bay’s commitment to building a safe, vibrant and globally competitive destination capable of attracting visitors, events and investment while showcasing the best of the Eastern Cape and South Africa,” the municipality said. – SAnews.gov.za
 

GabiK

6

Mashatile urges young people to register for local elections

Source: Government of South Africa

Mashatile urges young people to register for local elections

As South Africa marks the 50th anniversary of the June 1976 Youth Uprising in Soweto, Deputy President Paul Mashatile has encouraged young people to register to vote in the upcoming local elections.

The Electoral Commission will open 23 706 voting stations across the country this weekend, 20 and 21 June 2026, with registration stations operating from 08h00 to 17h00.

“I want to encourage young people to go out in their numbers to check their status and register to vote during this Voter Registration Weekend,” the Deputy President said on Thursday in Cape Town.

The Voter Registration Weekend offers an opportunity for eligible voters to ensure that their details are accurately captured and updated.

Mashatile made the remarks in Cape Town on Thursday while paying tribute to the youth of 1976 during a National Council of Provinces (NCOP) session in which he responded to oral questions.

 “Allow me to salute the heroic actions of the youth of 1976. Their courage continues to inspire us as we strive to build a nonracial, nonsexist, democratic, united, and prosperous society,” the Deputy President said.

Meanwhile, the Department of Home Affairs has announced that it will extend office hours across the country this weekend to support the Voter Registration Weekend.

Home Affairs offices will be open nationwide on Saturday and Sunday to make it easier for citizens to obtain the Smart ID Cards they need to register and participate in the 2026 Local Government Elections (LGE), scheduled for 4 November 2026.

More than 370 000 Smart ID Cards are currently awaiting collection at Home Affairs offices nationwide.

Citizens are encouraged to visit their nearest Home Affairs office to apply for a Smart ID Card or collect one that is ready for collection. – SAnews.gov.za

nosihle

8

Tourism sector urged to invest in youth opportunities

Source: Government of South Africa

Tourism sector urged to invest in youth opportunities

Deputy Minister of Tourism Makhotso Sotyu has called on the tourism sector to increase investment in initiatives that connect young people to employment and entrepreneurial opportunities.

Speaking at the #YouthInTourism engagement held in the Free State, Sotyu said young South Africans possess the creativity, energy and innovation needed to help drive the country’s economic development. 

She urged both government and industry stakeholders to work together to ensure that young people are equipped with the skills and support necessary to participate meaningfully in the tourism economy.

“The youth in our country are vibrant, innovative and they have the ability to actively participate in building South Africa’s future. Tourism is uniquely positioned to support their efforts.”

The engagement, held under the theme: “Reset@50 – A Future in Tourism Calls”, formed part of Youth Month commemorations marking the 50th anniversary of the 1976 Youth Uprising. 

The event brought together government representatives, tourism stakeholders, chefs, entrepreneurs and aspiring young professionals to explore opportunities within the tourism value chain.

Sotyu described tourism as a people-centred industry that relies on human talent, skills and innovation. 

She stressed that young people must be given greater access to opportunities that will allow them to contribute to economic growth while building sustainable careers.

“Tourism is built by people, powered by people and sustained by people. As policymakers and drivers of this economy, we must ensure that young South Africans are equipped with the skills, support and opportunities to participate meaningfully in the economy and contribute to our country’s development.”

The event featured a variety of activities, including a culinary showcase celebrating South African cuisine, presentations from industry stakeholders, mentorship sessions and networking opportunities between emerging chefs and established professionals. 

Organisers said the programme was designed to demonstrate tourism’s ability to create economic opportunities for individuals, businesses and communities.

Highlighting the sector’s importance, Sotyu noted that tourism contributed 4.9% to South Africa’s gross domestic product and sustained 954 000 direct jobs in 2024. 

She said domestic tourism remains a key driver of the industry’s success and continues to create pathways into the economy through small businesses and community-based enterprises.

“Tourism creates pathways and opportunities into the economy for young people,” she said. 

“Government remains committed to implementing programmes focused on skills development, entrepreneurship support and capacity building. With continued support from stakeholders, we can empower more young people to enter the sector equipped with the skills needed for future success.”

The Deputy Minister’s call for investment was echoed by Free State Premier Maqueen Letsoha-Mathae, who described investment as a catalyst for industrialisation, job creation, skills development and enterprise growth.

The Premier revealed that the Free State government recently secured investment commitments worth approximately R400 billion during an investment mission to China. She said the investment would create significant opportunities for residents, particularly young people and women.

“This is a clear vote of confidence in our province, our people and our vision for economic transformation,” Letsoha-Mathae said. – SAnews.gov.za

Janine

5

Les Africains soutiennent l’autonomie des femmes et l’égalité des chances, mais beaucoup estiment que les institutions doivent faire davantage pour protéger les femmes et les filles

Source: Africa Press Organisation – French

Les Africains soutiennent l’autonomie des femmes en matière de mariage et de décisions reproductives et approuvent l’égalité des droits des femmes sur le lieu de travail, mais beaucoup estiment que la police et les tribunaux devraient faire davantage pour protéger les femmes et les filles contre la discrimination et le harcèlement, révèle le dernier Profil Panafricain d’Afrobarometer (https://apo-opa.co/43JZNaI) (www.Afrobarometer.org).

D’après 50.961 entretiens menés à travers 38 pays africains en 2024/2025, une large majorité de répondants soutiennent le droit des femmes de décider si et quand se marier et de choisir le moment et le nombre d’enfants qu’elles souhaitent avoir. Ce soutien est toutefois moins marqué en ce qui concerne l’autonomisation économique des femmes : Nombreuses sont celles qui continuent de signaler des obstacles limitant leur participation et leur progression sur le marché du travail, ainsi qu’une inégalité dans la prise de décisions financières au sein du foyer.

Les résultats de l’enquête révèlent également des préoccupations persistantes concernant la sécurité et la dignité des femmes. Plus d’un quart des répondants affirment que les filles et les femmes sont fréquemment victimes de harcèlement, de discrimination ou de demandes de faveurs sexuelles dans les écoles et les lieux publics. Si la plupart des citoyens estiment que les femmes et les filles qui signalent de tels actes ont de fortes chances d’être crues, plus des trois quarts estiment que la police et les tribunaux doivent faire davantage pour protéger les femmes et les filles contre la discrimination et le harcèlement.

L’accès aux soins de santé demeure un défi pour de nombreuses femmes. Deux tiers d’entre elles déclarent qu’elles-mêmes ou un membre de leur famille n’ont pas pu obtenir les médicaments ou les soins médicaux nécessaires au moins une fois au cours de l’année précédente, les femmes rurales étant plus souvent touchées que les femmes urbaines.

Résultats clés

Autonomie des femmes :

  • En moyenne à travers 38 pays, la majorité des Africains soutiennent l’autonomie des femmes dans les décisions de mariage (75%) et de procréation (62%)[1] (Figure 1).
    • Mais les femmes sont moins susceptibles que les hommes de dire qu’elles prennent elles-mêmes les décisions concernant la gestion de leurs revenus (36% contre 44%).

Barrières économiques

  • Une majorité (57%) d’Africains soutiennent l’égalité des droits des femmes à l’emploi, bien que plus d’un tiers (38%) estiment que les hommes devraient être prioritaires lorsque l’emploi se fait rare (Figure 2).
    • Près d’un quart (23%) des répondants affirment que les femmes sont « souvent » ou « toujours » empêchées de travailler par leurs maris ou leur famille.

Discrimination et harcèlement sexuel

  • Plus d’un quart (27%) des répondants affirment que les écolières sont « souvent » ou  « toujours » confrontées à de la discrimination, du harcèlement ou des demandes de faveurs sexuelles de la part de leurs enseignants (Figure 3).
  • A peu près la même proportion (28%) de répondants déclarent que les femmes subissent « souvent » ou « toujours » du harcèlement sexuel dans les espaces publics comme sur les marchés, dans la rue et dans les transports publics.

Réactivité du système judiciaire

  • Environ deux tiers (65%) des citoyens affirment que les femmes et les filles ont de fortes chances d’être crues si elles se plaignent de discrimination ou de harcèlement.
  • Cependant, plus des trois quarts (78%) estiment que la police et les tribunaux devraient faire davantage pour protéger les femmes et les filles contre un tel traitement (Figure 4).

Accès aux soins de santé

  • Deux tiers (66%) des femmes déclarent qu’elles ou un membre de leur famille ont manqué de médicaments ou de soins médicaux au moins une fois au cours de l’année précédente (Figure 5).

L’enquête Afrobarometer

Afrobarometer est un réseau panafricain et non-partisan de recherche par sondage qui produit des données fiables sur les expériences et appréciations des Africains, relatives à la démocratie, à la gouvernance et à la qualité de vie. Dix rounds d’enquêtes ont été réalisés dans un maximum de 45 pays depuis 1999. Les enquêtes du Round 10 (2024/2025) couvrent 38 pays.

Les Partenaires Nationaux d’Afrobarometer réalisent des entretiens en face à face dans la langue de choix du répondant avec des échantillons représentatifs au niveau national qui produisent des résultats nationaux avec des marges d’erreur de +/-2 à +/-3 points de pourcentage à un taux de confiance de 95%.


[1] En raison de l’arrondi, les pourcentages des catégories combinées mentionnés dans le texte peuvent différer légèrement de la somme des sous-catégories présentées dans les figures (par exemple, 33% « en accord » et 28% « tout à fait en accord » totalisent 62%).

Distribué par APO Group pour Afrobarometer.

Pour plus d’informations, veuillez contacter :
Hassana Diallo
Chargé des communications d’Afrobarometer pour l’Afrique francophone
Téléphone : +221 77 713 72 53
Email : hdiallo@afrobarometer.org
Visitez-nous sur www.Afrobarometer.org

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Le Conseil des Gouverneurs de la Société islamique d’assurance des investissements et des crédits à l’exportation (SIACE) approuve le Rapport annuel 2025, reflétant une forte croissance des activités et une résilience financière renforcée

Source: Africa Press Organisation – French


La Société islamique d’assurance des investissements et des crédits à l’exportation (SIACE) (https://ICIEC.IsDB.org), assureur multilatéral conforme à la Charia spécialisé dans l’assurance du crédit et des risques politiques, et membre du Groupe de la Banque islamique de développement (BID), a annoncé l’approbation de son Rapport annuel 2025 et de ses états financiers audités par le Conseil des Gouverneurs, en marge des Réunions annuelles 2026 du Groupe de la BID, tenues à Bakou, en Azerbaïdjan, du 16 au 19 juin 2026.

Le Rapport annuel 2025, intitulé « Stimuler le développement durable et promouvoir la croissance », met en évidence une année particulièrement solide pour la SIACE, avec un volume d’affaires assurées atteignant 17,8 milliards USD, soit une hausse de 37,8 % par rapport à 2024. Le cumul des affaires assurées depuis la création de la SIACE s’élève ainsi à 138,9 milliards USD, dont 107,8 milliards USD au titre du commerce et 31,1 milliards USD au titre de l’investissement. La SIACE a également enregistré 7,3 milliards USD de nouveaux engagements d’assurance et clôturé l’année avec une exposition brute de 7,6 milliards USD

En 2025, la SIACE a également renforcé sa base de membres avec l’adhésion de la République de Sierra Leone en tant que 51e État membre. La Société a poursuivi son soutien au commerce et à l’investissement intra-OCI, en assurant 7,72 milliards USD de commerce intra-OCI et 1,57 milliard USD d’investissements intra-OCI au cours de l’année.

La performance financière de la SIACE est demeurée solide, avec un résultat net institutionnel atteignant 40,4 millions USD, soit une amélioration de 62,5 % par rapport à 2024. Le Fonds des assurés a également enregistré un redressement majeur, transformant son déficit accumulé en un excédent cumulé de 5,9 millions USD à fin 2025.

La SIACE a maintenu sa solide position en matière de notation, Moody’s ayant confirmé sa note Aa3 de solidité financière en assurance, tandis que S&P a réaffirmé sa note de crédit émetteur à long terme et sa note de solidité financière AA-, avec une perspective stable.

L’année 2025 a également marqué une transition stratégique importante pour la SIACE, avec la conclusion de son Cadre stratégique 2016-2025 et la préparation de sa nouvelle Stratégie institutionnelle 2026-2030, alignée sur le Cadre stratégique décennal 2026-2035 du Groupe de la BID.

Commentant le rapport, Dr Khalid Khalafalla, Directeur général de la SIACE, a déclaré : « L’année 2025 a été marquée par de solide performance opérationnelle et financière pour la SIACE, réalisée dans un contexte mondial difficile. Le fait d’assurer 17,8 milliards USD d’affaires et d’enregistrer une amélioration significative des résultats financiers reflète la solidité de notre mandat et la pertinence continue des solutions de mitigation des risques conformes à la Charia. À l’avenir, la SIACE demeure déterminée à atténuer les risques liés au commerce et à l’investissement, à mobiliser des capitaux et à soutenir le développement durable dans l’ensemble de ses États membres. »

Distribué par APO Group pour Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

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À propos de la SIACE :
En tant que membre du groupe de la Banque islamique de développement, bénéficiant d’excellentes notations financières, la Société islamique d’assurance des investissements et des crédits à l’exportation (SIACE) a commencé ses opérations en 1994 afin de renforcer les relations économiques entre les États membres de l’Organisation de la coopération islamique (OCI) et de promouvoir le commerce ainsi que les investissements intra-OCI, grâce à des instruments d’atténuation des risques et à des solutions financières conformes aux principes de la Charia. La Société est le seul assureur multilatéral islamique au monde. Elle a joué un rôle de premier plan en proposant une gamme complète de solutions aux entreprises et aux parties prenantes de ses 51 pays membres. Pour la 18ᵉ année consécutive, la SIACE a conservé sa note de solidité financière « Aa3 » attribuée par Moody’s, la classant parmi les leaders du secteur de l’assurance-crédit et des risques politiques. Par ailleurs, S&P a confirmé la note « AA- » pour la troisième année consécutive, avec des perspectives stables. La résilience de la SIACE repose sur une souscription solide, un réseau mondial de réassurance et des politiques rigoureuses de gestion des risques. Au total, la SIACE a assuré plus de 138 milliards USD de transactions commerciales et d’investissements, couvrant des secteurs clés tels que l’énergie, l’industrie manufacturière, les infrastructures, la santé et l’agriculture.

Pour plus d’informations, veuillez visiter : https://ICIEC.IsDB.org

Africans support women’s autonomy and equal opportunity, but many say institutions must do more to protect women and girls

Source: APO – Report:

Africans support women’s autonomy in marriage and reproductive decisions and endorse equal rights for women in the workplace, but many say police and courts should do more to protect women and girls from discrimination and harassment, the latest Afrobarometer (www.Afrobarometer.org) Pan-Africa Profile (https://apo-opa.co/4g0pE5z) reveals.

Based on 50,961 interviews conducted across 38 African countries in 2024/2025, survey findings show that strong majorities support women’s right to decide whether and when to marry and to make choices about the timing and number of children to have. Support is somewhat less robust when it comes to women’s economic empowerment: Many citizens continue to report barriers that limit women’s participation and advancement in the workforce, as well as unequal financial decision-making power within households.

The findings also point to persistent concerns about women’s safety and dignity. More than one-quarter of respondents say girls and women frequently face harassment, discrimination, or requests for sexual favours in schools and public spaces. While most citizens believe that women and girls who report such experiences are likely to be believed, more than three-fourths say the police and courts must do more to protect women and girls from discrimination and harassment.

Access to health care remains a challenge for many women. Two-thirds say that they or a family member went without needed medicines or medical treatment at least once during the previous year, with rural women affected more often than their urban counterparts.

Key findings

Women’s autonomy:

  • On average across 38 African countries, large majorities support women’s autonomy in marriage decisions (75%) and reproductive choices (62%)[1] (Figure 1).
    • But women are less likely than men to say they make household financial decisions themselves (36% vs. 44%).

Economic barriers:

  • A majority (57%) of Africans endorse women’s equal rights to jobs, though more than one-third (38%) say that men should have priority for scarce jobs (Figure 2).
    • Nearly one-quarter (23%) of respondents say that women are “often” or “always” prevented from taking employment by their husbands or families.

Discrimination and sexual harassment:

  • More than one in four citizens (27%) say schoolgirls “often” or “always” face discrimination, harassment, and requests for sexual favours from teachers (Figure 3).
  • About the same proportion (28%) say that women “often” or “always” experience sexual harassment in public spaces, such as in markets, on the street, and in public transport.

Justice-system responsiveness:

  • About two-thirds (65%) of citizens say women and girls are likely to be believed if they complain about discrimination or harassment.
  • However, more than three-fourths (78%) say the police and courts should do more to protect women and girls from such treatment (Figure 4).

Health-care access:

  • Two-thirds (66%) of women say that they or a family member went without medicines or medical treatment at least once during the preceding year (Figure 5).

Afrobarometer surveys

Afrobarometer is a pan-African, nonpartisan survey research network that provides reliable data on African experiences and evaluations of democracy, governance, and quality of life. Ten survey rounds in up to 45 countries have been completed since 1999. Round 10 surveys (2024/2025) cover 38 countries.

Afrobarometer’s National Partners conduct face-to-face interviews with nationally representative samples of adults in the language of the respondent’s choice that yield country-level results with margins of error of +/-2 to +/-3 percentage points at a 95% confidence level.

 


[1] Due to rounding, percentages for combined categories reported in the text may differ slightly from the sum of sub-categories shown in figures (e.g. 33% “agree” and 28% “strongly agree” sum to 62%).

– on behalf of Afrobarometer.

For more information, please contact:
Mavis Amedegbe
Communications coordinator for anglophone West and North Africa
Email: maameakua@afrobarometer.org
Telephone: +233249797959
Visit us online at www.Afrobarometer.org

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Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Board of Governors Approves 2025 Annual Report, Reflecting Strong Business Growth and Financial Resilience

Source: APO – Report:

.

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (https://ICIEC.IsDB.org), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, announced the approval of its 2025 Annual Report and Audited Financial Statements by the Board of Governors on the sidelines of the IsDB Group 2026 Annual Meetings held in Baku, Azerbaijan, from 16 to 19 June 2026.

The 2025 Annual Report, themed “Driving Sustainable Development and Powering Growth,” highlights a strong year for ICIEC, with Business Insured reaching USD 17.8 billion, a 37.8% increase compared with 2024. This brings cumulative business insured since inception to USD 138.9 billion, comprising USD 107.8 billion in trade and USD 31.1 billion in investment. ICIEC also recorded USD 7.3 billion in new insurance commitments and closed the year with gross exposure of USD 7.6 billion.

In 2025, ICIEC further strengthened its membership with the accession of the Republic of Sierra Leone as its 51st Member State. The Corporation also continued to support intra-OIC trade and investment, insuring USD 7.72 billion in intra-OIC trade and USD 1.57 billion in intra-OIC investments during the year.

ICIEC’s financial performance remained strong, with corporate net results reaching USD 40.4 million, a 62.5% improvement over 2024. The Policyholders’ Fund also recorded a major turnaround, converting its accumulated deficit into an accumulated surplus of USD 5.9 million by year-end 2025.

ICIEC maintained its strong credit standing, with Moody’s maintaining its Aa3 Insurance Financial Strength Rating and S&P reaffirming its AA- long-term issuer credit and financial strength rating with a stable outlook.

The year 2025 also marked a key strategic transition for ICIEC, with the conclusion of its 2016–2025 Strategic Framework and the preparation of its new 2026–2030 Corporate Strategy, aligned with the IsDB Group’s 10-Year Strategic Framework 2026–2035.

Commenting on the report, Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, said, “2025 was a year of strong operational and financial performance for ICIEC, delivered against a challenging global backdrop. Insuring USD 17.8 billion in business and achieving a significant improvement in financial results reflect the strength of our mandate and the continued relevance of Shariah-compliant risk mitigation solutions. As we move forward, ICIEC remains committed to de-risking trade and investment, mobilising capital, and supporting sustainable development across our Member States.”

– on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

Contact:
Email: ICIEC-Communication@isdb.org

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About ICIEC:
As a member of the rated Islamic Development Bank (IsDB) Group, ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and Shariah-compliant financial solutions. The Corporation is the only Islamic multilateral insurer in the world. ICIEC has led in delivering a comprehensive suite of solutions to companies and stakeholders across its 51 Member States. For the 18th consecutive year, ICIEC maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top tier of the Credit and Political Risk Insurance (CPRI) industry. Additionally, S&P has reaffirmed ICIEC’s “AA-” long-term Issuer Credit and Financial Strength Rating for the third consecutive year, with a Stable Outlook. ICIEC’s resilience is underpinned by its sound underwriting practices, a robust global reinsurance network, and strong risk management policies. Cumulatively, ICIEC has insured more than USD 138 billion in trade and investment. ICIEC’s activities span several key sectors, including energy, manufacturing, infrastructure, healthcare, and agriculture.

For more information, Visit: https://ICIEC.IsDB.org

Value addition a key cog in economic growth, job creation

Source: Government of South Africa

Value addition a key cog in economic growth, job creation

There is no meaningful economic growth or significant job creation that can be achieved without a value-adding industrialisation pathway, Acting Chief Director for Innovation and Technology at the Department of Trade, Industry and Competition (dtic), Nontombi Maseko said.

Speaking at a  panel discussion on “Innovation as a driver of Industrialisation” at a Policy Dialogue on Industrialisation Through Innovation,  Maseko said innovation is a central lever to re-industrialisation by improving productivity, supporting diversification, and enabling participation in high-value global markets.

“Furthermore, it raises productivity, deepens skills and strengthens export competitiveness and must be supported from idea to market entry and scale,” she said on Thursday.

Maseko added that the department plays a catalytic role through incentives, procurement, and sectoral interventions. The dtic and the Department of Science, Technology and Innovation she said, co-developed the National Technology Commercialisation Strategy to accelerate the commercialisation of locally developed technologies for domestic and international markets.

“The industrialisation imperative is clear, if South Africa does not build local manufacturing capability for components such as electrolysers and fuel cells, the green hydrogen economy will generate export revenue without generating industrial jobs or building domestic capability.”

In addition, Maseko added that the dtic  does not regard innovation as a separate policy domain.

“Instead, innovation is embedded across every instrument we deploy. Procurement designations create markets, incentives support investment, Special Economic Zones provide the necessary infrastructure and space, while programmes such as the Support Programme for Industrial Innovation (SPII) and The Technology and Human Resources for Industry Programme (THRIP) fund technology development and sector Master plans help to coordinate the social compact required to drive industrialisation.

“Over the past five years, R49 million and R157 million was disbursed for SPII and THRIP respectively. Together, these interventions ensure that innovation remains at the centre of South Africa’s industrial development agenda.

“Localisation strengthens capability, capability fuels innovation, and innovation drives industrialisation,” explained Maseko.

The dialogue which got underway on Thursday, is hosted by the National Advisory Council on Innovation (NACI), in partnership with the Department of Science, Technology and Innovation and the Department of Trade, Industry and Competition (the dtic) and the OR Tambo Special Economic Zone.

READ | Dialogue to place innovation under the spotlight

Held  at the Radisson Hotel and Convention Centre, OR Tambo Airport in Johannesburg, the gathering is set to conclude on Friday, 19 June. – SAnews.gov.za

Neo

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Youth urged to register to vote this weekend

Source: Government of South Africa

Youth urged to register to vote this weekend

As South Africa marks Youth Month, the Electoral Commission is making a direct appeal to young people to register to vote ahead of the 2026 Local Government Elections.

The call comes as the IEC declared itself fully prepared for the nationwide voter registration weekend taking place on Saturday and Sunday, with all 23 706 voting stations set to open from 8am to 5pm.

The registration drive is particularly significant for first-time voters, many of whom will have their first opportunity to participate in a Local Government Election.

According to the IEC, young South Africans remain one of the most underrepresented groups on the voters’ roll despite targeted efforts to increase youth participation.

“Given that youth in the age category 18-19 years have not had multiple opportunities to enlist on the voters’ roll and since they have just become age eligible, over 70% in this age cohort are still to register,” the Commission said.

The Commission’s Tertiary Institutions Campaign has already reached more than 269 000 students nationwide, resulting in over 158 000 new registrations. 

Building on that success, the Commission plans to expand its outreach to universities and colleges in the coming months.

Youth participation has also been a key feature of the Commission’s broader voter education campaign. 

Partnerships with the SABC have seen voter education integrated into popular programmes such as Skeem Saam, while youth-focused productions including Beats for My Peeps are being used to encourage democratic participation.

The Commission said registering to vote was particularly important because voters can only cast ballots in the voting district where they are registered. Unlike national and provincial elections, there is no provision for voting outside one’s registered voting district.

The registration weekend will also provide an opportunity for existing voters to update their addresses and personal details to ensure they are assigned to the correct ward.

The voters’ roll currently stands at approximately 28 million registered voters, an increase from the 27.7 million voters registered for the 2024 general elections.

Beyond voter participation, the registration process is also creating opportunities for young South Africans. Of the 48 212 registration staff appointed for the weekend, nearly half are under the age of 35, while more than 34 000 are unemployed but qualified individuals gaining temporary employment and valuable experience.

The IEC has urged all eligible South Africans, especially young people and first-time voters, to use the weekend to register, verify their details or update their information.

To register, citizens need a South African ID card, green barcoded ID book or a valid Temporary Identity Certificate. – SAnews.gov.za

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