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Gloves are off for the global mining industry

Miners

JOHANNESBURG, South-Africa, June 4, 2015/ — 2014 was expected to be a tough fight for the global mining industry with commodity prices down and short-term volatility increasing. The initial scorecard for the largest 40 miners was mixed and now the gloves are off for the industry with widespread government intervention, internal industry conflicts and rising shareholder activism, according to PwC’s annual Mine report released today [Read more…]

Jamaica supports BRICS-Led Developmental Bank

BRICS Development Bank

BRICS Development Bank

Pretoria – The Government of Jamaica has come up in support of the establishment of the BRICS-led Developmental Bank.

Jamaican Minister of Foreign Affairs and Foreign Trade, Senator Arnold Joseph Nicholson, told the Minister of Trade and Industry, Rob Davies during their bilateral meeting in Jamaica on Friday that a BRICS Bank was good for Jamaica and that his country was in support of it. [Read more…]

SA economic outlook modest

South Africa Reserve Bank

South Africa Reserve Bank

Pretoria – South Africa’s economic outlook remains modest, says the Reserve Bank in its Monetary Policy Review (MPR).

“The economic outlook for South Africa remains modest with a gradual recovery in domestic demand and supply expected, barring further international turbulence,” said the central bank as it released the MPR on Tuesday. [Read more…]

South Africa at Davos 2011

South Africa at Davos

South Africa at Davos

The World Economic Forum’s (WEF) annual meeting runs from 26 to 30 January in Davos, Switzerland, and as was the case in previous years, South Africa is well represented in 2011.

Team SA 2011 is headed by President Jacob Zuma, who is accompanied by key delegates from the private and public sectors, including finance Minister Pravin Gordhan, tourism Minister Marthinus van Schalkwyk, and energy Minister Dipuo Peters.

The International Marketing Council (IMC) of South Africa’s CEO Miller Matola, chairperson Anitha Soni and marketing manager Sophie Masipa, among other IMC personnel, are also attending the high-powered gathering of political and business leaders.

The 2011 WEF meeting convenes under the theme Shared Norms for the New Reality, and will address a number of concerns facing world leaders today. They include the rise of digital media and technology; the emergence of blossoming superpowers such as China and India; debt, joblessness and decreased growth in Western countries; and the failure of the global economic system to successfully address issues such as poverty, inequality and the environment.

South Africa’s agenda runs on three levels. On a national scale, the aim is to promote the country as a competitive nation, and to attract investment to boost economic growth and create more jobs.

At a regional level, the country will drive relevant issues of concern to the continent, and on a global scale, the delegation will promote South Africa as a competent player on the world stage.

South Africa’s Presidency describes the four central pillars of the 2011 meeting as:
• Responding to the new reality;
• Economic outlook and policies for defining inclusive growth;
• Supporting the G20 agenda;
• Building a risk response network.

Zuma is scheduled to host a dialogue with some 60 CEOs of international corporations, where he and his ministerial delegation will discuss opportunities in South Africa.

Attractive investment and tourism destination

According to Matola, the country has already demonstrated its capabilities to the world, and although the IMC’s representation at Davos 2011 consequently doesn’t need to be as big as the previous year, the organisation will continue to position South Africa as an attractive investment and tourism destination.

Soni said that private-public partnerships were all-important.

“At Davos 2010 our partnership with the private section saw South Africa represented at most panels and plenary sessions. We flew the flag high, but ongoing partnerships are vital if we are to successfully focus on what we want to achieve.”

In 2010 the IMC ran a successful campaign, titled Experience South Africa, to promote the country, which included huge, visually stunning billboards, featuring South African scenery, at Zurich airport and in Davos, and branding on buses in that town.

Welcoming the world

Zuma is expected to punt South Africa’s hosting of the 17th UN Conference of the Parties on Climate Change (COP17), which takes place in Durban, KwaZulu-Natal province, from 28 November to 9 December 2011. Zuma and Mexico’s President Felipe Calderón will lead a discussion on lessons taken from the COP15 (Copenhagen, 2009) and COP16 (Cancun, Mexico, 2010) conferences, and expectations for COP17.

As busy as always, the South African president will also co-chair a discussion featuring the UN secretary-general’s high level panel on global sustainability, together with Finland’s President Tarja Halonen. This event will focus on climate change as a sustainable development challenge, and the related issues of poverty alleviation, food security, and energy management.

The annual Davos gathering will lay the foundation for this year’s World Economic Forum on Africa, which takes place in Cape Town from 4 to 6 May. The theme is Shaping Africa’s Role in the New Reality and will explore ways in which the continent can play a bigger leadership role in the new reality.

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