AYO Technology to acquire controlling interest in Sizwe Africa IT for R165 million

Published 11 September, by a staff writer

AYO Technology, previously Sekunjalo Technology Solutions, has entered into a binding offer to acquire a controlling interest in Sizwe Africa IT.

AYO Technology has entered into an agreement with Loxisource and Alexisource, to acquire 55% of the share capital of Zaloserve from Loxisource and Rev Vukile Mahana. Zaloserve is an investment holding company that holds a 100% shareholding in Opiwize, which in turn holds a 100% shareholding in Sizwe.

The purchase price for the 55% interest in Zaloserve is R165 million, based on an equity value of R300 million for Zaloserve.

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Sekunjalo Delft Music Academy students to showcase musical prowess

Published 24 August 2018, by an entertainment reporter

Cape Town – The second annual Sekunjalo Delft Music Academy (SDMA) showcase will take place on Saturday at Rosendaal High School.

This will see students from the music academy taking the stage in front of their family, friends and other music lovers in the Delft community.  Many of the students will be performing for the first time.
As an essential part of the Sekunjalo Delft Big Band Non-Profit Company (NPC), the SDMA gives the youth of Delft and its surrounding areas the opportunity to learn how to read music and play a musical instrument.
The NPC is funded by Survé Philanthropies, which, among other things, provides the students with musical instruments.
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BRICS Business Council agreed to ensure greater economic ties – Survé

Published 27 July 2018, by an ANA Reporter

JOHANNESBURG – Representatives from Brazil, Russia, India, China and South Africa who held a BRICS Business Council meeting ahead of the group’s main summit agreed on the importance of ensuring greater economic, trade and investment ties, current council chairman Dr Iqbal Survé said.

Survé, the executive chairman of the Sekunjalo Group, told the BRICS Summit in Johannesburg on Thursday that three major focus areas identified were fostering entrepreneurship among the youth, skills development for the 4th Industrial Revolution as well as agriculture and food security.

The 4th Industrial Revolution refers to the fourth major industrial era since the initial one of the 18th century, marked by emerging technology breakthroughs in robotics, artificial intelligence, blockchain, nanotechnology, quantum computing, biotechnology, The Internet of Things, 3D printing and autonomous vehicles.

BRICS Business Council initiatives including the establishment of the BRICS Credit Rating Agency and a new international payment system were also discussed at length, Survé in a presentation to the summit, which was attended by the leaders of all five BRICS member states.

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#BRICSSummit2018: China’s $14bn investment a boost for crucial sectors in SA

Published 26 July 2018, by Baldwin Ndaba 

Johannesburg – Crucial sectors of the economy – including the manufacturing sector – will significantly benefit from a more than $14billion investment in the economy by the Chinese government.

This was the commitment made by Trade and Industry Minister Rob Davies after Energy Minister Jeff Radebe told delegates at the BRICS Summit – which got underway in Sandton on Wednesday – that his portfolio wanted a quarter of the Chinese investment to be set aside for energy projects in the country.

Responding at a media briefing, Davies said all crucial sectors of the South African economy would benefit from this investment, particularly manufacturing and infrastructure development.

He also announced that the television and household appliance manufacturer Hisense was expanding its investment in South Africa, which was considered the second best-performing Hisense branch outside of China.

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#BRICSSummit2018: China’s $14bn investment a boost for crucial sectors in SA

Published 26 July 2018, by Baldwin Ndaba

Johannesburg – Crucial sectors of the economy – including the manufacturing sector – will significantly benefit from a more than $14billion investment in the economy by the Chinese government.

This was the commitment made by Trade and Industry Minister Rob Davies after Energy Minister Jeff Radebe told delegates at the BRICS Summit – which got underway in Sandton on Wednesday – that his portfolio wanted a quarter of the Chinese investment to be set aside for energy projects in the country.

Responding at a media briefing, Davies said all crucial sectors of the South African economy would benefit from this investment, particularly manufacturing and infrastructure development.

He also announced that the television and household appliance manufacturer Hisense was expanding its investment in South Africa, which was considered the second best-performing Hisense branch outside of China.

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#BricsSummit members should guard against disruption – Survé

Published 25 July 2018, by an ANA Reporter

JOHANNESBURG – BRICS member states should guard against disruptions to their growth potential emanating from geopolitical tensions and rising barriers to global trade, the South Africa chairman of its business council said on Wednesday.

Media businessman Iqbal Survé said while opportunities existed for BRICS member states for development after several years of slow global growth,”beneath this welcome news however lies some deep uncertainties about the future of the global economy.”

He told a business forum marking the start of the BRICS 10th annual summit in Johannesburg that while the scale and speed of economic globalisation, aided by the expansion of innovative technologies had intensified in recent years, specific actions by several advanced economies had brought along negative effects.

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#BRICS business leaders to gather in Sandton

Published 25 July 2018, by a staff reporter

JOHANNESBURG – More than 1 000 delegates from Brazil, Russia, India, China and South Africa (BRICS) will gather at the Sandton Convention Centre in Johannesburg tomorrow, Wednesday, 25 July 2018 for the BRICS Business Forum which will takes place as part of the 10th BRICS Summit.

The Heads of State of the BRICS countries will preside over the afternoon session of the Business Forum and provide direction on strategic issues under discussion.
The Minister of Trade and Industry, Dr Rob Davies, Deputy Minister Mr Bulelani Magwanishe and the Chairperson of the BRICS Business Council, Dr Iqbal Survé will deliver speeches at the opening session of the forum starting from 09:00.
Their address will be followed by four thematic sessions that cover various topics.
 The Ministers of Trade, Commerce, Industry, Economic Development and External Relations of the five BRICS countries will all be panelists in the session where The Role of BRICS in Trade and Investment facilitation amidst a Changing Global Political Economy will be discussed.
According to the Minister of Trade and Industry, Dr Rob Davies, the delegates who will comprise of captains of industry, heads of state-owned entities and government leaders will deliberate on strategic economic matters affecting the future of BRICS.
“In line with the BRICS Summit theme, BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in The Fourth Industrial Revolution, the Business Forum will deliberate on the current global political economy and its implications for BRICS member countries, the implications of the 4th Industrial Revolution on inclusive growth and transformation, facilitating intra-BRICS trade, as well as fostering BRIC-Africa partnerships,” says Minister Davies.
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Council seen as big boost for KZN business

Published 24 July 2018, by Kuben Chetty

Durban – Provincial Economic Development MEC Sihle Zikalala believes that the BRICS Business Council conference, which concluded in Durban this week, was a major boost for businesses in the province and the country.

“Issues that have been discussed are interesting because you can see the joint efforts of the countries that make up BRICS. The exposure of the delegates to KwaZulu-Natal means a lot. There are issues and proposals that we need to follow up on as there are businesses that now want to establish businesses in KwaZulu-Natal.”

Zikalala said the proposal of a youth summit being aligned to the broader BRICS summit was an important development for the continent.

“The youth summit itself and the issues that were proposed for follow-ups are crucial. It is important that young people are considered for employment, but also are considered for business ownership.”

Zikalala said the BRICS New Development Bank (NDB) was already making an impact with investment in several projects, including the Durban port terminal.

The three major focus areas identified by the BRICS Business Council were: Youth – Fostering Entrepreneurship; the Digital Economy – Skills Development for the 4th Industrial Revolution; and Agriculture and Food Security.

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BRICS 2018 skills challenge launches

Published 24 July 2018, by Kgaogelo Letsebe

The b council of the Brazil, Russia, India, China and South Africa (BRICS) economic bloc has launched the BRICS 2018 Skills Challenge.

Open to individuals between the ages of 18 and 35, the challenge will focus on ‘skills of the future’.

It will see young innovators from member states compete in the areas of cyber security, data , industrial robotics, 3D printing, drone technology, and other future skills in the engineering, digital manufacturing and transport sectors.

The competition, which will be held between 28 September and 8 October in Johannesburg, will use a similar format to that of World Skills, where competitors are given specific tasks and deadlines in which to complete them. Competitors will then be judged by panels of experts from the five countries.

The challenge was first launched in 2017 by the BRICS business council skills development working group in China.

 

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More than 1 000 delegates expected to attend 10th #BRICS Summit

Published 24 July 2018, by Mel Frykberg

Johannesburg – More than 1 000 delegates including heads of state and business leaders will gather at the Sandton Convention Centre in Johannesburg on Wednesday for 10th BRICS Summit which concludes on Friday.

The meeting will look at opportunities for partnerships between African and Brazil, Russia, India, China and South Africa (Brics) companies, as well as ways to develop concrete measures to address the deficiencies within productive sectors.

South Africa’s Minister of Trade and Industry, Dr Rob Davies, Deputy Minister Bulelani Magwanishe and the Chairperson of the Brics Business Council, Dr Iqbal Survé, will deliver speeches at the opening session of the forum starting from 9 am.

Their address will be followed by four thematic sessions that cover various topics.

The ministers of trade, commerce, industry, economic development and external relations of the five Brics countries will all be panellists in the session where the role of BRICS in trade and investment facilitation amidst a changing global political economy will be discussed.

According to Davies the delegates, who comprise of captains of industry, heads of state-owned entities and government leaders will deliberate on strategic economic matters affecting the future of BRICS.

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