Economic recovery continues to improve steadily

Source: Government of South Africa

Economic recovery continues to improve steadily

While government’s efforts to support economic recovery are gaining momentum, more need to be done to significantly reduce unemployment.

This is according to the Minister in the Presidency for Planning, Monitoring, and Evaluation, Maropene Ramokgopa.

“South Africa is making progress, but more must be done to ensure economic recovery translates into jobs, income, and improved well-being for all,” the Minister said on Friday in Pretoria.

She was providing an update on government’s performance against the Medium-Term Development Plan (MTDP) 2024–2029 for the period April to September 2025, which measures performance against government’s priorities  for the seventh administration.

They include driving inclusive economic growth and job creation; reducing poverty and tackling the high cost of living; and building a capable, ethical, and developmental state.

Government has achieved a primary budget surplus, signalling its commitment to fiscal discipline. 

In addition, Operation Vulindlela has played a critical role in removing structural constraints to economic growth. 

“During the reporting period, progress has been reported in energy reforms, logistics and water infrastructure coordination. This has contributed to improved system performance and greater private-sector investment confidence,” Ramokgopa said.

She noted that South Africa recorded 0.8% Gross Domestic Product (GDP) growth in the second quarter (Q2) of 2025, the strongest quarterly performance since 2022, despite global economic volatility. 

“The unemployment rate declined by 1.3 percentage points to 31.9%, with 248 000 jobs added in the third quarter (Q3) 2025. However, youth unemployment remains extremely high at 58.5%, signalling deep structural labour market challenges. 

“Poverty and inequality remain entrenched, with a Gini coefficient of 0.63. South Africa is making progress, but more must be done to ensure economic recovery translates into jobs, income, and improved well-being for all,” the Minister said.

South Africa’s exits from the Financial Action Task Force (FATF) grey list after successfully implementing key reforms to combat money laundering and the financing of terrorism has improved investor confidence.

Ramokgopa highlighted key sectors that continue to show progress. 

These include R44.2 billion in new investments that were secured across sector masterplans, the automotive sector saw launch of BMW X3 Plug In Hybrid Electric Vehicle, backed by a R4.2 billion investment and battery minerals pipeline is valued at R40 billion.

In the Micro, Small, and Medium Enterprise (MSME) and informal economy, 45 105 jobs were created, and 41 753 were sustained through MSME programmes.

“In tourism, international arrivals increased to 7.6 million between January and September 2025. Tourism visa reforms are underway through the Electronic Travel Authorization (ETA) system

“In terms of energy security, more than 175 consecutive days without load shedding were recorded in the reporting period. The Energy Availability Factor improved to 63.29%, reaching 70% on several days,” she said.

Infrastructure

Government has set aside R1.03 trillion for public infrastructure over the Medium-Term Expenditure Framework (MTEF).

The Minister emphasised that infrastructure investment remains a key lever for inclusive growth in the country.

“The Infrastructure Fund has approved 26 blended finance projects worth R101.6 billion. The Budget Facility for Infrastructure (BFI) approved 10 major projects worth R37.1 billion for implementation.

“Despite this momentum, delays persist due to municipal capacity constraints, procurement inefficiencies, and inadequate project preparation.

“High municipal debt levels (94.6 billion rand as at March 2025) pose risks to infrastructure sustainability. Grid expansion delays also threaten future energy security, despite recent improvements,” she said.

Local government performance

According to the Minister, work continues to strengthen the performance of local government as financial challenges in municipalities persist.

“An Inter-Ministerial Committee has been established to support distressed municipalities. Local government reforms are being introduced through the review of current legislative and regulatory framework with the development of a White Paper on Local Government (LGWP).

“The Presidential Working Group has also been established to support Metros, including the implementation of the Metro Trading Service Reform Programme,” she said. – SAnews.gov.za

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Afreximbank annonce la fin de sa relation avec Fitch Ratings pour la notation de son crédit

Source: Africa Press Organisation – French

La Banque Africaine d’Import-Export (Afreximbank) (www.Afreximbank.com) a officiellement mis fin aujourd’hui à sa relation avec Fitch Ratings pour la notation de son crédit.

Cette décision fait suite à un examen de cette relation et à la conviction d’Afreximbank que la notation de son crédit ne reflète plus une bonne compréhension de son accord constitutif, de sa mission et de son mandat.

Le profil d’activité d’Afreximbank demeure solide, grâce à des relations étroites avec ses actionnaires et aux protections juridiques prévues par son accord constitutif, signé et ratifié par ses États membres.

Distribué par APO Group pour Afreximbank.

Contact Presse :
Vincent Musumba
Responsable, Communications et évènements ( Relations média)
Courriel : press@afreximbank.com

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À propos d’Afreximbank :
La Banque Africaine d’Import-Export (Afreximbank) est une institution financière multilatérale panafricaine dédiée au financement et à la promotion du commerce intra et extra-africain. Depuis 30 ans, Afreximbank déploie des structures innovantes pour fournir des solutions de financement qui facilitent la transformation de la structure du commerce africain et accélèrent l’industrialisation et le commerce intrarégional, soutenant ainsi l’expansion économique en Afrique. Fervente défenseur de l’Accord sur la Zone de Libre-Échange Continentale Africaine (ZLECAf), Afreximbank a lancé les le Système panafricain de paiement et de règlement (PAPSS) qui a été adopté par l’Union africaine (UA) comme la plateforme de paiement et de règlement devant appuyer la mise en œuvre de la ZLECAf. En collaboration avec le Secrétariat de la ZLECAf et l’UA, la Banque a mis en place un Fonds d’ajustement de 10 milliards de dollars US pour aider les pays à participer de manière effective à la ZLECAf. À la fin de décembre 2024, le total des actifs et des garanties de la Banque s’élevait à environ 40,1 milliards de dollars US et les fonds de ses actionnaires s’établissaient à 7,2 milliards de dollars US. Afreximbank est notée A par GCR International Scale, Baa2 par Moody’s, AAA par China Chengxin International Credit Rating Co., Ltd (CCXI), A- par Japan Credit Rating Agency (JCR) et BBB par Fitch. Au fil des ans, Afreximbank est devenue un groupe constitué de la Banque, de sa filiale de financement à impact appelée Fonds de développement des exportations en Afrique (FEDA), et de sa filiale de gestion d’assurance, AfrexInsure, (les trois entités forment « le Groupe »). La Banque a son siège social au Caire, en Égypte.

Pour plus d’information, veuillez visiter : www.Afreximbank.com

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Le Cadre de gestion des risques d’Afreximbank évalué et certifié conforme à la norme ISO 31000 : 2018, renforçant ainsi son mandat en tant que principale institution de financement commercial du continent

Source: Africa Press Organisation – French


La Banque Africaine d’Import-Export (Afreximbank) (www.Afreximbank.com) a obtenu la certification ISO 31000 : 2018 relative à la gestion des risques auprès de Certification Partner Global (CPG), marquant ainsi une étape importante dans son évolution institutionnelle et son engagement envers l’excellence opérationnelle.

Délivrée en novembre 2025, cette certification fait suite à des évaluations indépendantes rigoureuses du Cadre de gestion des risques d’Afreximbank, réalisées par des auditeurs externes, et n’ayant révélé aucune non-conformité. Cette réussite place l’institution financière multilatérale panafricaine parmi les principales banques de développement et institutions financières internationales ayant obtenu cette certification prestigieuse.

La norme ISO 31000 : 2018, élaborée par l’Organisation internationale de normalisation (ISO), constitue la référence mondiale en matière de pratiques de gestion des risques. Elle fournit des principes et des lignes directrices complets couvrant la conception, la gouvernance, la mise en œuvre, l’évaluation et l’intégration de la gestion des risques au sein des organisations. Cette certification atteste que le Cadre de gestion des risques d’Afreximbank répond aux meilleures pratiques internationales tout en prenant en compte la complexité spécifique de ses opérations dans 54 États membres africains et au sein de la Communauté caribéenne (CARICOM).

Commentant cette certification, Dr Elias Kagumya, Directeur général du Groupe, en charge de la Gestion des risques a déclaré : « L’obtention de la certification ISO 31000 : 2018 ne se limite pas à une reconnaissance internationale ; elle est le fruit d’années d’investissement délibéré dans le renforcement de nos capacités institutionnelles et l’intégration d’une culture proactive du risque au sein de notre organisation. En tant qu’institution fondée sur un traité, disposant d’un bilan de 45 milliards de dollars US et soutenant le commerce africain sur divers marchés, nous sommes conscients que la gestion efficace des risques est essentielle à la réalisation de notre mission. Cet exploit garantit à nos parties prenantes – États membres, banques commerciales, investisseurs et entreprises clientes – que nous opérons avec le même niveau de maturité en matière de risques que les principales institutions financières mondiales.  Notre cadre de gestion des risques offre une approche globale de la gestion des risques et de la protection des objectifs de la Banque. En identifiant, en comprenant et en surveillant avec soin les risques dans tous les domaines d’activité, de la stratégie commerciale aux enjeux environnementaux et liés à notre mandat, ce cadre garantit une gestion stable et rigoureuse de nos principaux programmes, plateformes et outils financiers. »

Cette certification s’inscrit dans le cadre des priorités du Plan stratégique VI d’Afreximbank – Mise en place d’un cadre de gestion des risques mature – et témoigne de l’engagement de la Banque en faveur de l’amélioration continue de sa gouvernance, de sa transparence et de ses normes opérationnelles. En 2025, Afreximbank a lancé un projet d’évaluation comparative exhaustif de son cadre de gestion des risques d’entreprise (GRE) par rapport à la norme ISO 31000 : 2018, en collaboration avec CPG, organisme d’accréditation indépendant.

Cette certification génère des avantages concrets pour l’ensemble des opérations d’Afreximbank. Le cadre ISO 31000 : 2018 renforce la confiance des parties prenantes en démontrant la maturité des systèmes de gestion des risques de la Banque et son engagement en faveur de l’amélioration continue. Il renforce la culture du risque à l’échelle de l’entité en favorisant l’identification et l’atténuation proactives des risques dans l’environnement opérationnel complexe de la Banque. La norme ISO 31000 fournit également des orientations structurées pour l’intégration des considérations de risque dans l’élaboration de la stratégie, la planification financière, la gestion des initiatives et l’aide à la prise de décision éclairée.

En outre, la norme permet des gains d’efficacité grâce à l’adoption de lignes directrices formelles pour le suivi, l’examen et l’amélioration des pratiques de gestion des risques, y compris des outils améliorés pour le signalement et la communication des risques à l’échelle de la banque. Elle renforce l’environnement de contrôle global de la Banque en validant la mise en œuvre efficace de pratiques et d’outils de gestion des risques sains.

Certification Partner Global (CPG), l’organisme d’accréditation international qui a délivré la certification, a déclaré : « Le Cadre de gestion des risques d’Afreximbank représente une approche globale et sophistiquée de la gouvernance des risques à l’échelle de l’entreprise. La Banque a démontré une capacité exceptionnelle à identifier, évaluer, traiter et surveiller les risques liés à ses divers programmes stratégiques, plateformes et instruments clés, grâce à un univers des risques bien structuré qui couvre neuf catégories de risques critiques, allant des risques stratégiques et opérationnels aux risques liés aux mandats. L’alignement de ce cadre sur les meilleures pratiques internationales, comme en témoigne le Cadre de gestion des risques d’entreprise d’Afreximbank (version 1.1, mars 2024), reflète l’engagement de la Banque en faveur d’une gouvernance des risques rigoureuse et la positionne comme un leader de la gestion des risques institutionnels dans le secteur financier mondial. Nous sommes heureux de certifier ce cadre, qui fournit une base solide à Afreximbank pour poursuivre ses objectifs stratégiques tout en maintenant les plus hauts standards de surveillance des risques et de résilience opérationnelle ».

Cette certification intervient à un moment charnière de l’intégration commerciale africaine où Afreximbank continue de jouer un rôle central dans la mise en œuvre de la Zone de libre-échange continentale africaine (ZLECAf).  L’engagement de la Banque en faveur d’une gestion rigoureuse des risques sous-tend des initiatives essentielles telles que le Système panafricain de paiement et de règlement (PAPSS), qui relie désormais 19 pays et plus de 160 banques commerciales, et l’Africa Trade Gateway (ATG), qui transforme le commerce transfrontalier sur le continent.

L’obtention par Afreximbank de la norme ISO 31000 : 2018 renforce sa position non seulement de première institution de financement du commerce en Afrique, mais aussi de banque de développement compétitive à l’échelle mondiale, attachée aux plus hauts standards de gouvernance institutionnelle et d’excellence opérationnelle.

Distribué par APO Group pour Afreximbank.

Contact Presse :
Vincent Musumba
Responsable des communications et de la gestion événementielle (Relations presse)
Courriel : press@afreximbank.com

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À propos d’Afreximbank :
La Banque Africaine d’Import-Export (Afreximbank) est une institution financière multilatérale panafricaine dédiée au financement et à la promotion du commerce intra et extra-africain. Depuis 30 ans, Afreximbank déploie des structures innovantes pour fournir des solutions de financement qui facilitent la transformation de la structure du commerce africain et accélèrent l’industrialisation et le commerce intrarégional, soutenant ainsi l’expansion économique en Afrique. Fervente défenseur de l’Accord sur la Zone de Libre-Échange Continentale Africaine (ZLECAf), Afreximbank a lancé les le Système panafricain de paiement et de règlement (PAPSS) qui a été adopté par l’Union africaine (UA) comme la plateforme de paiement et de règlement devant appuyer la mise en œuvre de la ZLECAf. En collaboration avec le Secrétariat de la ZLECAf et l’UA, la Banque a mis en place un Fonds d’ajustement de 10 milliards de dollars US pour aider les pays à participer de manière effective à la ZLECAf. À la fin de décembre 2024, le total des actifs et des garanties de la Banque s’élevait à environ 40,1 milliards de dollars US et les fonds de ses actionnaires s’établissaient à 7,2 milliards de dollars US. Afreximbank est notée A par GCR International Scale, Baa2 par Moody’s, AAA par China Chengxin International Credit Rating Co., Ltd (CCXI), A- par Japan Credit Rating Agency (JCR) et BBB par Fitch. Au fil des ans, Afreximbank est devenue un groupe constitué de la Banque, de sa filiale de financement à impact appelée Fonds de développement des exportations en Afrique (FEDA), et de sa filiale de gestion d’assurance, AfrexInsure, (les trois entités forment « le Groupe »). La Banque a son siège social au Caire, en Égypte.

Pour de plus amples informations, veuillez visiter www.Afreximbank.com

Afreximbank’s Risk Framework Assessed and Registered as Complying with ISO 31000:2018, Reinforcing its Mandate as the Continent’s Leading Trade Finance Institution

Source: APO


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African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has been registered with the ISO 31000:2018 Risk Management Standard by Certification Partner Global (CPG), marking a significant milestone in the Bank’s institutional evolution and commitment to world-class operational excellence.

Issued in November 2025, this registration follows rigorous independent assessments of Afreximbank’s enterprise risk management framework by external auditors, with zero non-conformities. This achievement places the pan-African multilateral financial institution alongside leading global development banks and financial institutions that have attained this prestigious standard.

ISO 31000:2018, developed by the International Organisation for Standardisation, represents the gold standard in risk management practices globally. It provides comprehensive principles and guidelines covering risk management design, governance, implementation, evaluation, and integration across organisations. The registration validates that Afreximbank’s risk management framework meets international best practices while addressing the unique complexities of operating across 54 African member states and the Caribbean Community (CARICOM).

Commenting on the registration, Dr Elias Kagumya, Group Managing Director, Risk Management & Chief Risk Officer at Afreximbank said, “Attaining ISO 31000:2018 registration is not just about global recognition; it represents years of deliberate investment in building institutional capacity and embedding a proactive risk culture throughout our organization. As a treaty-based institution with a USD45 billion balance sheet supporting African trade across diverse markets, we recognize that effective risk management is fundamental to delivering our mandate. This feat assures our stakeholders – member states, commercial banks, investors, and the businesses we serve – that we operate with the same risk maturity as the world’s leading financial institutions. Our Risk Management Framework further provides a bank-wide approach to managing risks and protecting the Bank’s goals. By carefully identifying, understanding, and monitoring risks across all areas of its operations, from business strategy to environmental and mandate-related issues, the framework ensures that key programmes, platforms, and financial tools are managed in a stable and well-controlled manner.”

The accreditation aligns with Afreximbank’s Strategic Plan VI priorities – Building a Mature Risk Management Framework – and reflects the Bank’s commitment to continuous improvement in governance, transparency, and operational standards. In 2025, Afreximbank launched a comprehensive benchmarking project of its Enterprise Risk Management (ERM) framework against ISO 31000:2018, working with CPG as the independent accreditation body.

The achievement delivers tangible benefits across Afreximbank’s operations. The ISO 31000:2018 framework strengthens stakeholder confidence by demonstrating the maturity of the Bank’s risk management systems and its commitment to continuous improvement. It enhances entity-wide risk culture by promoting proactive risk identification and mitigation across the Bank’s complex operating environment. The ISO 31000 standard also provides structured guidance for integrating risk considerations into strategy formulation, financial planning, initiatives management, and supporting informed decision-making.

Furthermore, the standard creates efficiency gains through the adoption of formal guidelines for monitoring, reviewing, and improving risk management practices, including enhanced tools for reporting and communicating risks bank-wide. It strengthens the Bank’s overall control environment by validating the effective implementation of sound risk management practices and tools.

Also commenting, Certification Partner Global (CPG), the global accreditation body which issued the certification stated, “Afreximbank’s Risk Management Framework represents a comprehensive and sophisticated approach to enterprise-wide risk governance. The Bank has demonstrated exceptional capability in identifying, assessing, treating, and monitoring risks across its diverse strategic programmes, platforms, and core instruments through a well-structured Risk Universe that addresses nine critical risk categories; from Strategy and Business Risk to Mandate Risk. This framework’s alignment with international best practices, as evidenced in the Afreximbank’s Enterprise Risk Management Framework (Version 1.1, March 2024), reflects the Bank’s commitment to robust risk governance and positions it as a leader in institutional risk management within the global financial services landscape. We are pleased to certify this framework, which provides a solid foundation for Afreximbank to pursue its strategic objectives while maintaining the highest standards of risk oversight and operational resilience.”

The accreditation comes at a pivotal moment for African trade integration, as Afreximbank continues to play a central role in operationalising the African Continental Free Trade Area (AfCFTA). The Bank’s commitment to robust risk management underpins critical initiatives including the Pan-African Payment and Settlement System (PAPSS), which now connects 19 countries and over 160 commercial banks, and the Africa Trade Gateway (ATG), which is transforming cross-border commerce across the continent.

Afreximbank’s achievement of ISO 31000:2018 registration reinforces its position not only as Africa’s premier trade finance institution but as a globally competitive development bank committed to the highest standards of institutional governance and operational excellence.

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

eThekwini Municipality calls for arts and culture grant-in-aid applications

Source: Government of South Africa

eThekwini Municipality calls for arts and culture grant-in-aid applications

The eThekwini Municipality’s Recreation and Parks Directorate has invited registered and eligible non-profit organisations (NPOs), non-government organisations (NGOs) and non-profit companies (NPCs) in the performing arts and culture sectors to apply for Grant-In-Aid (GIA) funding for the 2025/26 financial year.

The funding programme, aligned with the municipality’s Integrated Development Plan (IDP), is aimed at providing financial and material support to community-based organisations that promote performing arts and cultural programmes, artist development, social cohesion, and economic opportunities within the eThekwini Municipality.

“Areas of focus include music, dance, theatre (drama), comedy, poetry and cultural development,” the municipality said in a statement.

Applicants must meet several compliance requirements, including the submission of a completed application form, a valid tax clearance certificate, latest annual financial statements, certified copies of registration documents and directors’ identity documents, and a detailed organisational profile and project or business plan.

Organisations are also required to provide proof of physical address, bank account details, registration on both the municipal supplier database and the Central Supplier Database, two recent reference letters from the creative sector, and an affidavit confirming that none of the directors are employed by eThekwini Municipality or any other government department.

Application forms and guideline documents are available on the eThekwini Municipality website at www.durban.gov.za, or can be obtained from the Arts and Living Cultures Office at the Stable Theatre, 115 Johannes Nkosi Street, Greyville.

Documents can also be requested via email at Ngiphiwe.Ndlovu@durban.gov.za or Stable.Admin@durban.gov.za.

Completed applications, together with all supporting documentation, must be submitted electronically to Ngiphiwe.Ndlovu@durban.gov.za, or Stable.Admin@durban.gov.za, or hand delivered to the Stable Theatre offices before the closing date of 15 February 2026. – SAnews.gov.za

 

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Quadro de Risco do Afreximbank Avaliado e Certificado em conformidade com a Norma ISO 31000:2018, Reforçando o seu Mandato como Instituição Líder em Financiamento Comercial do Continente

Source: Africa Press Organisation – Portuguese –

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O Banco Africano de Exportação e Importação (Afreximbank) (www.Afreximbank.com) foi registado com a Norma de Gestão de Risco ISO 31000:2018 pela Parceria de Certificação Global [Certification Partner Global (CPG)], assinalando um marco significativo na evolução institucional do Banco e no seu compromisso com a excelência operacional de classe mundial.

Emitido em Novembro de 2025, este registo segue-se a rigorosas avaliações independentes do quadro de gestão de risco empresarial do Afreximbank por auditores externos, sem qualquer não conformidade. Esta conquista coloca a instituição financeira multilateral pan-africana ao lado dos principais bancos de desenvolvimento e instituições financeiras mundiais que atingiram esta prestigiada norma.

A ISO 31000:2018, desenvolvida pela Organização Internacional de Normalização, representa o padrão de excelência em práticas de gestão de risco a nível mundial. Apresenta princípios e orientações abrangentes que cobrem a concepção, governação, implementação, avaliação e integração da gestão de risco em todas as organizações. O registo valida que o quadro de gestão de risco do Afreximbank cumpre as melhores práticas internacionais, ao mesmo tempo que aborda as complexidades únicas de operar em 54 Estados-Membros africanos e na Comunidade das Caraíbas (CARICOM).

Comentando sobre o registo, o Dr. Elias Kagumya, Director-Geral do Grupo para Gestão de Risco e Director de Risco do Afreximbank, afirmou que: “Atingir o registo ISO 31000:2018 não se resume apenas ao reconhecimento mundial; representa anos de investimento deliberado no reforço da capacidade institucional e na incorporação de uma cultura de risco pró-activa em toda a nossa organização. Como instituição regulada por tratado, com um balanço de 45 mil milhões de dólares a apoiar o comércio africano em diversos mercados, reconhecemos que uma gestão de risco eficaz é fundamental para cumprir o nosso mandato. Esta conquista garante às nossas partes interessadas – Estados-Membros, bancos comerciais, investidores e as empresas que servimos – a certeza de que operamos com a mesma maturidade de risco que as principais instituições financeiras mundiais. O nosso Quadro de Gestão de Risco proporciona ainda uma abordagem a nível bancário para gerir os riscos e proteger os objectivos do Banco. Ao identificar, compreender e monitorizar cuidadosamente os riscos em todas as áreas das suas operações, desde a estratégia empresarial até questões ambientais e relacionadas com o mandato, o quadro garante que os principais programas, plataformas e ferramentas financeiras são geridos de forma estável e bem controlada.

A acreditação está de acordo com as prioridades do Plano Estratégico VI do Afreximbank — Criar um Quadro de Gestão de Riscos Maduro — e reflecte o compromisso do Banco com a melhoria contínua da governação, transparência e padrões operacionais. Em 2025, o Afreximbank lançou um projecto abrangente de avaliação comparativa do seu quadro de Gestão de Risco Empresarial (ERM) em relação à ISO 31000:2018, trabalhando com a CPG como organismo de acreditação independente.

Esta conquista traz benefícios tangíveis em todas as operações do Afreximbank. O quadro ISO 31000:2018 reforça a confiança das partes interessadas, demonstrando a maturidade dos sistemas de gestão de risco do Banco e o seu compromisso com a melhoria contínua. Melhora a cultura de risco em toda a entidade, promovendo a identificação e mitigação pró-activa de riscos em todo o complexo ambiente operacional do Banco. A norma ISO 31000 fornece igualmente orientações estruturadas para integrar considerações de risco na formulação de estratégias, planificação financeira, gestão de iniciativas e apoio à tomada de decisões informadas.

Além disso, a norma cria ganhos de eficiência através da adopção de orientações formais para monitorizar, analisar e melhorar as práticas de gestão de risco, incluindo ferramentas melhoradas para relatar e comunicar riscos em todo o banco. Reforça o ambiente de controlo geral do Banco, validando a implementação eficaz de práticas e ferramentas sólidas de gestão de risco.

Comentando igualmente, a Parceria de Certificação Global [Certification Partner Global (CPG)], o organismo de acreditação mundial que emitiu a certificação afirmou que: “O Quadro de Gestão de Risco do Afreximbank representa uma abordagem abrangente e sofisticada à governação de riscos em toda a empresa. O Banco demonstrou uma capacidade excepcional na identificação, avaliação, tratamento e monitorização de riscos em todos os seus diversos programas estratégicos, plataformas e instrumentos centrais através de um Universo de Risco bem estruturado que aborda nove categorias de risco críticas; desde o Risco Estratégico e Empresarial ao Risco de Mandato. O alinhamento deste quadro com as melhores práticas internacionais, conforme evidenciado no Quadro de Gestão de Risco Empresarial do Afreximbank (Versão 1.1, Março de 2024), reflecte o compromisso do Banco com uma governança de risco sólida e posiciona-o como líder na gestão do risco institucional no panorama mundial de serviços financeiros. Temos o prazer de certificar este quadro, que proporciona uma base sólida para o Afreximbank prosseguir os seus objectivos estratégicos, mantendo os mais elevados padrões de supervisão de riscos e resiliência operacional.

A acreditação surge num momento crucial para a integração comercial africana, uma vez que o Afreximbank continua a desempenhar um papel central na operacionalização da Zona de Comércio Livre Continental Africana (ZCLCA) O compromisso do Banco com uma gestão de risco sólida sustenta iniciativas críticas, incluindo o Sistema Pan-Africano de Pagamentos e Liquidações (PAPSS), que agora liga 19 países e mais de 160 bancos comerciais, e o Africa Trade Gateway (ATG), que está a transformar o comércio transfronteiriço em todo o continente.

A obtenção da certificação ISO 31000:2018 pelo Afreximbank reforça a sua posição não só como a principal instituição financeira comercial de África, mas igualmente como um banco de desenvolvimento competitivo a nível mundial, comprometido com os mais elevados padrões de governação institucional e excelência operacional.

Distribuído pelo Grupo APO para Afreximbank.

Contacto para a Imprensa:
Vincent Musumba
Gestor de Comunicações e Eventos (Relações com a Imprensa)
Correio Electrónico: press@afreximbank.com

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Sobre o Afreximbank:
O Banco Africano de Exportação e Importação (Afreximbank) é uma instituição financeira multilateral pan-africana com mandato para financiar e promover o comércio intra e extra-africano. Há mais de 30 anos que o Banco utiliza estruturas inovadoras para oferecer soluções de financiamento que apoiam a transformação da estrutura do comércio africano, acelerando a industrialização e o comércio intra-regional, impulsionando assim a expansão económica em África. Apoiante firme do Acordo de Comércio Livre Continental Africano (ACLCA), o Afreximbank lançou um Sistema Pan-Africano de Pagamento e Liquidação (PAPSS) que foi adoptado pela União Africana (UA) como plataforma de pagamento e liquidação para sustentar a implementação da ZCLCA. Em colaboração com o Secretariado da ZCLCA e a UA, o Banco criou um Fundo de Ajustamento de 10 mil milhões de dólares para apoiar os países que participam de forma efectiva na ZCLCA. No final de Dezembro de 2024, o total de activos e contingências do Afreximbank ascendia a mais de 40,1 mil milhões de dólares e os seus fundos de accionistas a 7,2 mil milhões de dólares. O Afreximbank tem notações de grau de investimento atribuídas pela GCR (escala internacional) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) e Fitch (BBB-). O Afreximbank evoluiu para uma entidade de grupo que inclui o Banco, a sua subsidiária de fundo de impacto de acções, denominada Fundo para o Desenvolvimento das Exportações em África (FEDA), e a sua subsidiária de gestão de seguros, AfrexInsure (em conjunto, “o Grupo”). O Banco tem a sua sede em Cairo, Egipto.

Para mais informações, visite: www.Afreximbank.com.

Employment and Labour moves to bolster worker protection

Source: Government of South Africa

Employment and Labour moves to bolster worker protection

The Department of Employment and Labour has taken decisive steps to strengthen worker protection and close long-standing compliance gaps across key sectors, including security, municipalities and the creative industries. 

In a statement on Thursday, the department said it has officially withdrawn the 2003 Variation Notice that previously excluded the application of Section 34A of the Basic Conditions of Employment Act (BCEA), which governs the payment of employee benefit fund contributions.

The withdrawal restores the authority of labour inspectors to enforce the timely payment of pension, provident fund, retirement and medical aid contributions deducted from employees’ salaries. 

For years, the exemption created what the department described as “a significant enforcement gap”, leaving workers vulnerable to employers who deducted contributions but failed to transfer them to the relevant funds.

“With the exemption now removed, inspectors are empowered to verify whether employers have paid contributions into the correct funds, request proof of payment and contribution schedules, and take enforcement action wherever non‑compliance is detected,” the department said. 

The department said the intervention strengthens workplace-level accountability and provides enhanced protection for workers’ hard-earned benefits, particularly in the security sector and municipalities, where abuse has been widespread.

In a separate but related development, the Minister of Employment and Labour, Nomakhosazana Meth, has published a notice indicating the department’s intention to classify performers and crew members in the film, television, advertising, artistic and cultural sectors as employees.

Many workers in these industries are currently designated as independent contractors, despite operating under conditions similar to permanent employment. The department said the move seeks to extend essential labour protections, including access to sick leave, maternity leave, severance pay, protection under the National Minimum Wage, and coverage through the Compensation for Occupational Injuries and Diseases Act.

The proposal would also ensure compliance with BCEA provisions on working hours, termination procedures and record-keeping, while extending rights related to fixed-term contracts under the Labour Relations Act.

According to the department, the proposed reform responds to “strong stakeholder submissions” and recognises the vulnerability of performers and production staff, who frequently operate without basic labour protections. It confirmed that the process could result in a sectoral determination tailored to the industry’s specific needs.

Stakeholders have 30 days from the date of publication to submit written inputs, while the Minister has requested the National Minimum Wage Commission to investigate wage levels and employment conditions in the sector.

“Together, these regulatory measures mark a clear step forward in advancing decent work in South Africa. They demonstrate a renewed commitment to closing compliance gaps, protecting vulnerable workers, and ensuring that employers across all industries uphold the country’s labour laws.

“The actions reinforce the department’s dedication to promoting fairness in the workplace, supporting a more equitable labour market, ensuring accountability among employers, and safeguarding the rights and dignity of all workers,” the department said. – SAnews.gov.za

DikelediM

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NSFAS approves funding for over 626 000 first-time applicants

Source: Government of South Africa

NSFAS approves funding for over 626 000 first-time applicants

The National Student Financial Aid Scheme (NSFAS) has approved funding for 626 935 first-time applicants, while 427 144 continuing university students have met the progression criteria for support.

Briefing the media on the state of the Post-School Education and Training (PSET) sector and readiness for the 2026 academic year on Thursday, Higher Education and Training Minister Buti Manamela said NSFAS remains critical in enabling access to higher education for poor and working-class students.

However, he noted that sustained improvements in basic education, combined with broader economic constraints, continue to place pressure on the funding model.

“Short-term stabilisation measures are in place, while a medium-term sustainable funding reform is being developed. The missing-middle fund continues to scale,” Manamela said.

The Minister also acknowledged the critical role of Sector Education and Training Authorities (SETAs) in expanding access to funding, particularly for students who do not qualify for NSFAS.

He said that during the 2025/26 funding cycle, SETAs are supporting more than 15 000 new bursary beneficiaries and nearly 8 000 continuing beneficiaries, with a combined value of close to R2 billion.

“This diversification of funding sources reduces over-reliance on NSFAS and strengthens system resilience,” he said.

Bachelor’s pass does not guarantee university admission 

Manamela used the briefing to address what he described as a persistent misunderstanding regarding university admissions for learners who obtain a Bachelor’s pass in the National Senior Certificate (NSC) exam.

He said that while 46.4% of candidates achieved a Bachelor’s pass in the 2025 NSC examinations, this often creates unrealistic expectations among learners and their families.

“A Bachelor’s pass does not guarantee admission to a university or to a specific programme. Universities apply faculty and programme specific requirements, including subject combinations, minimum symbols, and selection processes where demand exceeds capacity.

“Where learners and families experience disappointment, it is often not because of failure, but because of misaligned expectations. Our responsibility is to ensure that learners understand, early and clearly, the full range of credible post-school pathways, not only the most visible ones,” the Minister said.

A total of 28.1% candidates achieved a Diploma pass, while 13.5% obtained a Higher Certificate pass in the 2025 NSC examinations.

Manamela noted that with more than 40% of learners not achieving a Bachelor’s pass, the post-school system must be clearly differentiated, well-articulated and effectively communicated.

While welcoming the sharp increase in matric pass rates, the Minister said the outcome has placed significant pressure on the PSET system.

“The Post-School Education and Training System (PSET) currently has approximately 535 000 funded and planned spaces across universities, Technical Vocational Education and Training (TVET) colleges, Community Education and Training (CET) colleges, skills programmes, and workplace-based learning. This gap between success and capacity is real, structural, and longstanding,” Manamela said.

Manamela rejected claims that the post-school system is in crisis, saying it is undergoing deliberate reform.

“It is under pressure, but it is being deliberately reshaped. Education, training, and skills development in all their forms carry equal dignity and social value. Multiple pathways are not a compromise, they are a strength.

“Not every learner will secure immediate placement in their first choice but every learner must be able to find a credible, supported pathway into learning, skills development, and productive participation in society. That is the task we have set ourselves and that is the work we will continue to do,” the Minister said.

Second chance and community education

Manamela said Community Education and Training colleges remain central to inclusive access and are fully prepared for the 2026 academic year.

He said the colleges will accommodate youth and adults seeking the Amended Senior Certificate, participation in the National Senior Certificate Second Chance Programme, as well as occupational and skills programmes.

“The academic year commenced on 12 January 2026, with registrations for annual programmes closing on 27 February 2026, while short skills programmes remain open throughout the year,” Manamela said. – SAnews.gov.za
 

GabiK

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Employment and Labour moves to close compliance gaps, expand worker protections

Source: Government of South Africa

Employment and Labour moves to close compliance gaps, expand worker protections

The Department of Employment and Labour has taken decisive steps to strengthen worker protections and close long-standing compliance gaps across key sectors, including security, municipalities and the creative industries. 

In a statement on Thursday, the department said it has officially withdrawn the 2003 Variation Notice that previously excluded the application of Section 34A of the Basic Conditions of Employment Act (BCEA), which governs the payment of employee benefit fund contributions.

The withdrawal restores the authority of labour inspectors to enforce the timely payment of pension, provident fund, retirement and medical aid contributions deducted from employees’ salaries. 

For years, the exemption created what the department described as “a significant enforcement gap”, leaving workers vulnerable to employers who deducted contributions but failed to transfer them to the relevant funds.

“With the exemption now removed, inspectors are empowered to verify whether employers have paid contributions into the correct funds, request proof of payment and contribution schedules, and take enforcement action wherever non‑compliance is detected,” the department said. 

The department said the intervention strengthens workplace-level accountability and provides enhanced protection for workers’ hard-earned benefits, particularly in the security sector and municipalities, where abuse has been widespread.

In a separate but related development, the Minister of Employment and Labour, Nomakhosazana Meth, has published a notice indicating the department’s intention to classify performers and crew members in the film, television, advertising, artistic and cultural sectors as employees.

Many workers in these industries are currently designated as independent contractors, despite operating under conditions similar to permanent employment. The department said the move seeks to extend essential labour protections, including access to sick leave, maternity leave, severance pay, protection under the National Minimum Wage, and coverage through the Compensation for Occupational Injuries and Diseases Act.

The proposal would also ensure compliance with BCEA provisions on working hours, termination procedures and record-keeping, while extending rights related to fixed-term contracts under the Labour Relations Act.

According to the department, the proposed reform responds to “strong stakeholder submissions” and recognises the vulnerability of performers and production staff, who frequently operate without basic labour protections. It confirmed that the process could result in a sectoral determination tailored to the industry’s specific needs.

Stakeholders have 30 days from the date of publication to submit written inputs, while the Minister has requested the National Minimum Wage Commission to investigate wage levels and employment conditions in the sector.

“Together, these regulatory measures mark a clear step forward in advancing decent work in South Africa. They demonstrate a renewed commitment to closing compliance gaps, protecting vulnerable workers, and ensuring that employers across all industries uphold the country’s labour laws.

“The actions reinforce the department’s dedication to promoting fairness in the workplace, supporting a more equitable labour market, ensuring accountability among employers, and safeguarding the rights and dignity of all workers,” the department said. – SAnews.gov.za

DikelediM

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Afreximbank announces termination of its credit rating relationship with Fitch

Source: APO

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has today officially terminated its credit rating relationship with Fitch Ratings.

This decision follows a review of the relationship, and its firm belief that the credit rating exercise no longer reflects a good understanding of the Bank’s Establishment Agreement, its mission and its mandate.

Afreximbank’s business profile remains robust, underpinned by strong shareholder relationships and the legal protections embedded in its Establishment Agreement, signed and ratified by its member states.

Distributed by APO Group on behalf of Afreximbank.

Media Contact:
Vincent Musumba
Communications and Events Manager (Media Relations)
Email: press@afreximbank.com

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About Afreximbank:
African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), and Japan Credit Rating Agency (JCR) (A-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

For more information, visit: www.Afreximbank.com

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