SingularityU SA Summit back in Joburg

SU-PR-Image-1.jpg

SingularityU SA Summit back in Joburg

by MTHULISI SIBANDA
JOHANNESBURG, (CAJ News) – THE future-focused SingularityU South Africa Summit is returning to Johannesburg this year, with a focus to forge the future of the continent through community, collaboration and exponential technologies.

It will be held on October 21 and 22 at the Sandton Convention Centre.

The summit will be a collaboration between SingularityU South Africa and Old Mutual.

Now in its sixth year, the 2024 event is to feature the world’s top speakers, to address topics including artificial intelligence, biotechnology, blockchain, cybersecurity, energy, food, leadership, medicine, robotics, technology, the future of work, virtual reality and water.

“We are very excited to partner with SingularityU South Africa to host the 2024 summit,” said Iain Williamson, Chief Executive Officer of Old Mutual.

The executive said the bank was committed to supporting innovation, research and the exploration of emerging technologies that have the potential to shape the future.

“Our investment in the advancement of knowledge and technology will offer us valuable insights that can help inform the delivery of our Integrated Financial Services Strategy,” Williamson said.

Organisers said given the rise of online experiences and virtual reality, a dedicated metaverse track will enable attendees to enjoy highlights from the summit in real time, in a 3D environment in Africarare, the continent’s first metaverse.

“We’re setting the stage for Africa to emerge as a global leader. This year’s summit serves as a rallying point for visionaries ready to embrace exponential growth and make lasting impacts,” said Mic Mann, co-CEO of SingularityU South Africa.

SingularityU South Africa is a part of Singularity University, a global learning and innovation community using exponential technologies to tackle the world’s biggest challenges.

– CAJ News

South Africa’s Radél expands to the United States

Francois-Rademeyer.jpg

by TINTSWALO BALOYI
JOHANNESBURG, (CAJ News) – THE South African-headquartered manufacturer of electro-mechanical components, Radél, is investing US$9 million to establish a production facility in the in the United States.

This investment in the Forsyth County region of North Carolina is poised to create 32 jobs. It is anticipated the new jobs will bring an additional $2 million yearly into the local economy.

Radél, with headquarters in Johannesburg, has been supplying electrical, electronic and electro-mechanical components to customers since 1996.

“We are thrilled to establish Radél’s presence in North Carolina, reflecting our commitment to growth and innovation in the United States,” said Francois Rademeyer, Chief Executive Officer of Radél.

“We look forward to expanding our operations, bringing cutting-edge technological advancements to the region, and contributing to the economic vitality of North Carolina.”

Radél displays a particular focus on serving the vehicle industry, including sectors such as railway locomotives, passenger trains, mining equipment, defense and heavy-duty commercial vehicles and electric vehicles.

A performance-based grant of $75 000 from the One North Carolina (One NC) Fund will help facilitate Radél’s expansion.

The fund provides financial assistance to local governments to help attract economic investment and to create jobs.

“I’m pleased to welcome another international company to region. We’re proud that Radél is joining the strong advanced manufacturing cluster that’s located in our region,” stated Amber Baker, North Carolina stated.

– CAJ News

Tanzania postpones historic battery summit amid global interest

Batteries.jpg

from ALLOYCE KIMBUNGA in Dar-es-Salaam, Tanzania
Tanzania Bureau
DAR-ES-SALAAM, (CAJ News) – TANZANIA has rescheduled the inaugural East African Battery Minerals Summit to July because of global demand to attend the event.

The event was scheduled for next week in the archipelago of Zanzibar, as the East African bloc positions itself as a hub of the growing global demand for key battery minerals.

It was originally scheduled for April 24-25 but will now be held on July 1-2.

This comes as the world grapples with the extreme effects of climate change and advocates for the global green economy.

The East African Community (EAC), Africa Battery Initiative and the government of Tanzania, in partnership with InvestBank Corp, are organising the summit.

Don Christensen, executive chairman of InvestBank Corp, confirmed Tanzania received requests to reschedule the summit.

“Additional time was required for the detailed security and logistical planning necessary for the greater than expected number of very high-profile dignitaries who requested to attend the summit,” he stated.

The Kingdom of Saudi Arabia has been announced as the summit’s inaugural sovereign partner. The Future Minerals Forum (FMF) is the strategic partner.

The worldwide battery electrification mega-trend has significantly increased the demand for key battery minerals.

Recent studies conducted by both East African and international institutions indicate that the region accounts for a significant percentage of the total global deposits of key battery minerals, including cobalt, nickel, lithium and graphite.

Outside East Africa, the Democratic Republic of Congo, Zambia and Zimbabwe are leading sources of some of these minerals.

EAC has prioritised the development of the region’s extractive industries. The bloc plans to transform itself into a stable and competitive lower-middle income region by 2030, through the sustainable use of its natural resources.

– CAJ News

Chinese firms create 400 000 jobs in SA

Huawei-stand-at-Job-Fair-2024-A.jpg

by SAVIOUS KWINIKA
JOHANNESBURG, (CAJ News) – THE presence of more than 200 Chinese-invested companies in South Africa has created more than 400 000 jobs in the host country.

This is a major boost to a nation that is battling high levels of unemployment.

This week, Chinese-invested enterprises in South Africa, including Huawei, gathered at the Gallagher Convention Centre for the Job Fair 2024, which was supported by the Chinese Embassy and run by the South Africa-China Economic and Trade Association (SACETA).

Building on the achievements of the previous job fair in 2022, this edition emphasised the two countries’ shared goal of creating high-quality jobs and promoting sustainable economic development within South Africa.

Huawei is one of the 60 Chinese-headquartered companies that met with youth and recruited for job vacancies across technology, finance, energy, transportation, and many other sectors.

Li Zhigang , Chargé d’Affaires of the Embassy of China, opened the event and highlighted the positive economic and developmental impact of this collaboration between South Africa and China.

Lindiwe Zulu, South Africa Minister of Social Development told the students in attendance they must take on the opportunity for new challenges, like studying in China and learning a new language.

She spoke about sectors where South Africa wants to see more growth.

“We must continue to deepen the South Africa-China economic partnership through cooperation in areas such as infrastructure development, energy, digital technologies, education and tourism,” Zulu said.

The job fair is anticipated to unlock opportunities because it promotes networking between local youth and companies within SACETA. It is hailed as a unique opportunity for young people to advance their careers and find meaningful work.

Maropene Marakgopa, Minister in the Presidency responsible for Planning, Monitoring and Evaluation, spoke on the value these types of opportunities bring.

“Healthy trade relations remain instrumental in addressing poverty, inequality and unemployment,” she said.

Kemogotsitse Bosielo, Senior Public Relations Manager at Huawei, said the company wanted to see more students with ICT skills because it is estimated that by 2030 that the digital economy will contribute about 30 percent to global GDP.

“As Huawei we are heavily invested in South Africa, it’s one of our strategic regions so we’re proud to be at this job fair hoping to catalyse youth employment,” he said.

Wang Jijang , SACETA president, thanked the Chinese Embassy and the host government for supporting Chinese enterprises in South Africa.

Yanga Silo, one of the youth at the job fair, described the opportunity as “an eye-opener.”

“I am interested in working with Huawei. It seems like a great company because it has a great future ahead of it and it’s developing with the times,” Silo said.

– CAJ News

scroll to top