Browsing: Cyril Ramaphosa

• South Africa is desperately reaching out to Putin, persuading him to stay away from BRICS Summit in August.
• “It’s a big dilemma for us. Of course, we cannot arrest him”—South Africa Deputy President Paul Mashatile.
• US is accusing South Africa of providing Moscow with military hardware for the Ukraine war.

Authorities in Pretoria are stuck in a political quandary as South Africa weighs security risks emanating from Russian President Vladimir Putin’s plans to attend BRICS summit in Johannesburg next month.

South Africa’s reluctance to arrest Putin is increasingly casting a shadow on the August summit in South Africa.

Media reports say South Africa is desperately reaching out to Putin persuading Putin to stay away. This as the country seeks to avoid triggering legal and diplomatic fallout over his international warrant of arrest, South Africa’s deputy president was quoted last week.

“It’s a big dilemma for us. Of course, we cannot …

The Kenya-South Africa visa deal will take effect on January 1.

At the time of the announcement, South African President Cyril Ramaphosa was in Kenya for his first official trip to the country at the invitation of President Ruto.

Ramaphosa said they discussed the visas issue between Kenya and South Africa to allow Kenyans to visit the Southern African nation visa-free basis.

“This will officially start on January 1, 2023, and it will be available to Kenyans for a 90-day period per year,” he said.

In addition, the Kenyan and South African leaders directed their respective trade ministers to work on removing barriers limiting trade between the two African countries. The two countries are also working to address trade barriers to increase business and trade cooperation.…

Switching from coal to renewable energy is vital for South Africa to stabilize its power output and to create employment. The switch from coal to renewable energy is costly and many African nations are dragging their feet.

The situation is further exasperated by the fact that of recent years, many African nations have been discovering oil and many more are conducting explorations offshore. The potential of changing their economies from the sale of crude oil is far too promising to forgo.

This is a point that will be driven home at the upcoming COP27 in Egypt later this year. Africa will be looking to push the West to provide funding for the renewable energy transition. This time around, the South Africa deal stands as a concrete example that with sufficient funding, the transition is not only doable but plausible and strung with multifaceted benefits including employment.…

African leaders are paid handsomely if their salaries are anything to go by. Even though the continent is still developing, its leaders take home fat cheques.

In Kenya, for instance, a New World wealth report revealed that people with political connections control half of the country’s wealth at the expense of ordinary citizens, some of whom live below a dollar per month.

In Africa, politicians fight for elected positions tooth and nail, attracted by affluent lifestyles, huge allowances and medical cover.

Who are the highest-paid African presidents? As reported by Business Insider, Cameroon president Paul Biya takes home the highest salary. He’s followed by King Mohammed VI of Morocco and South Africa’s Cyril Ramaphosa.…

A way to improve opportunities favoured by small and large scale cultivators would be freeing up the African markets for local consumption. Many Southern African countries legalize medical use, with none entirely permitting recreational use. Therefore, the legal environment in Africa remains one of the most restrictive in the world.

South Africa, however, may be an indication of things to come. Gabriel Theron, CEO of South African cultivator Cilo Cybin and founder of Africa’s first cannabis-focused particular purpose acquisition company, which is due to list on the JSE, says that there is a growing realization that an export-only model is doomed to failure. According to him, an export-only model is not sustainable.

There is a need to de-schedule the THC and CBD levels to open up the recreational market and thus the medicinal market. That also has implications for foreign investment. In the case of operations in Australia, Europe, and …

The Maputo daily Noticias wrote after the SADC summit that a budgetary allocation of US$29.5 million has been set aside for the three-month extension, after high-level consultations and this would mean until at least mid-April.

The SAMIM extension set from mid-January.

Addressing the opening session of the summit, the current SADC Chairperson, Malawian President Lazarus Chakwera, urged regional bloc member states to stick together and ensure that SAMIM remains multidimensional and comprehensive.…

Ramaphosa added that Africa is now taking concrete steps to write its own economic success story and the Intra-African Trade Fair is part of that story.
With Africa opening up new fields of opportunity, Ramaphosa said that seeing more of ‘made in Africa labels’ is critical if the continent is to change the distorted trade relationship that exists between African countries and the rest of the world.
He emphasised that the situation where Africa keeps exporting raw materials while importing finished goods from those materials is no longer tenable. By promoting trade in Africa, he said, “we strengthen our own industrial base and produce goods for ourselves and for each other”.…

As Agricultural activities intensifies to provide sufficient food for a growing population in south Africa climate change and its manifestations, which includes extreme weather events, have been featured as prominent risks on the radar of investors, banks and commercial farmers bearing in mind that South Africa has a market-oriented agricultural economy that is highly diversified and includes the production of all the major grains (except rice), oilseeds, deciduous and subtropical fruits, sugar, citrus, wine and most vegetables.

In Illustration, the World Economic Forum ranks environmental risks among the top five global risks in its ‘2020 Global Risk Report’.

The 2020 Global risk report discusses the prominence of extreme weather, failure to adapt to climate change, environmental damage caused by humans, major biodiversity loss, ecosystem collapse and major natural disasters.

Financial institution Nedbank believes that, while agriculture is a key contributor to environmental impacts, it finds itself on the receiving end …

The South Africa President Cyril Ramaphosa is actively pushing for African countries to receive substantial funding from the World Bank and International Monetary Fund (IMF) to aid recovery after the Covid-19 pandemic affected most Africa Countries economies.

In his weekly, open letter to the public on Monday Ramaphosa said that this should include a greater allocation of the IMF’s ‘special drawing rights’.

Special drawing rights (SDR) are an international reserve asset that can be converted into five currencies: the dollar, euro, yen, British pound and yuan.

he said $162.5bn should be made available instead of the $33bn which has been proposed from the “special drawing rights” which will be released to increase reserves of African countries.

Ramaphosa’s sentiments comes days after the Paris Summit that drew together African leaders and European leaders to discuss health and finances to aid in economic recovery ended with France President promising to Vaccinate 40% …

Tanzanian billionaire businessman and owner of MeTL Group, a Tanzanian conglomerate Mohammed Dewji has been appointed by South African Cyril Ramaphosa as his Investment advisor.

Mr Dewji, a former CCM politician also known as ‘Mo’ will sit on President Ramaphosa’s investment advisory council, for a period of three years.

In a statement released on April 7 by MeTL says that Mr. Dewji together with other colleagues appointed on the Investment advisory council will be responsible for the development and implementation of strategies and programs to attract and retain domestic as well as foreign direct investment to the Republic of South Africa.

In 2019 South Africa’s president Cyril Ramaphosa visited Tanzania to meet with his Tanzanian counterpart to deepen and strengthen economic ties through expanded trade and investment marking a decade long cooperation between the two Nations.

ALSO READ: African Development Bank To Support Seychelles On Economic Recovery

South Africa is …