Banks and retailers may be ignoring the informal sector to their detriment. This is according to Lebo Motshegoa, MD of Foshizi, a company that specialises in mass market research and strategy. Historically, there have been few mechanisms to service people earning cash income, but the size of the so-called ‘grey money’ sector may be larger than many imagine. And by not catering to the needs of those who earn and spend in cash, suppliers of both products and services may be missing out on the consumer spend of millions of people. “There are two sources of informal income,” says Motshegoa.... Continue Reading
African countries face a formidable challenge in obtaining the skilled resources needed to develop infrastructure, drive economic growth and reduce unemployment. “The countries likely to be most affected by the skills shortage are those on the cusp of new exploitation of local resources,” says Mlamuli Delani Mthembu, managing director of Landelahni Leadership Development. “Africa is entering a golden age of gas. East Africa is the growth engine for natural gas on the continent, while the extraction of large shale gas reserves in South Africa is on the horizon. On the West Coast, oil-rich Nigeria and Angola are also experiencing fast... Continue Reading
Engen Petroleum Ltd have partnered with Raizcorp to bring the Pitch & Polish programme to cities and towns across South Africa, for the fifth time. The main objective is to help educate and grow entrepreneurs. In line with this, below is a release on the Ideas Stage of a business. Please share with your audience. What’s an idea worth? Engen Petroleum Ltd, understands that Small and Medium Enterprises have great potential to contribute to the economic growth of South Africa, to the creation of jobs and to the reduction of poverty. It often all begins with the spark of an idea. Pitch... Continue Reading
A webinar taking place on the 2nd of July is set to reveal the key factors which could form a solar project winning bid in the upcoming South African REIPPPP Round 4. Davin Chown Chairperson of the South African Photovoltaic Association (SAPVIA) and Marc Levre Partner at REIPPPP advisors Baker & McKenzie are the webinar participants. They have been selected for their exceptional knowledge of the REIPPPP and the key trends which have emerged from the programme so far. Competition among project developers is heating up ahead of the REIPPPP Round 4 bid registration date on the 21st of July... Continue Reading
By Nawa Mutumweno – This year, apart from being a momentous one as Zambia celebrates its Golden Jubilee of independence, also marks 50 years of Sino-Zambia diplomatic ties. On the second day of her independence, October 5, 1964, Zambia established diplomatic relations with China, becoming the first country in southern Africa to do so. This strong bond, which springs from the older generation of the two countries: Chairman Mao Zedong, Premier Zhou Enlai and President Kenneth Kaunda, has blossomed to higher heights over the years. The most visible symbol of China’s cooperation with Zambia is the 1 860 km Tanzania... Continue Reading
