South Africa: Latest News

  • South African Court Blocks Government’s ICC Withdrawal Efforts As Unconstitutional

    ICC withdrawal efforts as unconstitutional By Dana Sanchez, 3:28 pm

    Those who want to leave the ICC will have to take their case to parliament, which is dominated by the ANC. The ANC has been strongly in favor or leaving, and is expected to fight to withdraw. The opposition will fight back. The issue will come down to politics. The court’s ruling will force the parliament to open up the decision to the public — a critical part of the debate, a constitutional rights stakeholder said. Withdrawing from the ICC would be an abuse of justice and a sign that a government only cares about the accused, another expert said.

  • Opinion: World Needs 1M New African Ph.D. Researchers To Help Solve Global Challenges

    African Ph.D. researchers By Dana Sanchez, 1:02 pm

    It’s not just Africa that needs research and researchers for its own use. The world needs African researchers — 1 million of them in the next 10 years — and a leading U.K. university hopes to help bridge the gap. The world needs the unique knowledge and perspective that African researchers can provide to solve shared global challenges, says David Dunne, director of the Cambridge-Africa Programme. “We can’t have a situation where 14% of the world’s population — living on a continent with unique culture, diversity and environment — contributes less than 1% of published research output.”

  • Importing African Innovation To Silicon Valley: 5 DEMO Africa Startups Compete On Their Own Terms

    By Dana Sanchez, 11:27 am

    Five winning African tech startups are in Silicon Valley competing with others from around the world and hopefully attracting venture capital. A lot of them are self-taught and lack formal training in venture creation and digital entrepreneurship, an event manager said. “They have built companies on binary codes and learned new skills through the mobile internet. If a Silicon Valley technology event is live streamed across the world, there are African entrepreneurs huddled somewhere, watching it and consuming every panel, consuming every fireside chat, taking notes, and then applying those notes to their local context.”

  • 12 Things You Should Know About South Africa’s 2017 Budget Speech

    2017 budget speech By Peter Pedroncelli, 7:40 am AFKI Original

    The rich will pay more tax. That’s one of the most riveting things to come out of South African Finance Minister Pravin Gordhan’s 2017 budget speech. Income tax increases across the board did not materialise, but wealthy South Africans will be taxed at a higher bracket. Taxpayers earning more than $115,000 a year will pay a 45% tax rate. Around 100,000 taxpayers will be affected. Investors and global credit agencies were keen to hear Gordhan’s speech — his second one in his second stint as finance minister. Here is a closer look at 12 things you should know about the 2016 South African budget speech.

  • 23 African Countries With The Lowest Unemployment Rates

    African countries lowest unemployment By Dana Sanchez, 2:43 pm AFKI Original

    South Africa is invariably cited in discussions about jobless rates in Africa, but two thirds of African countries have higher unemployment. Africa is witnessing its best growth performance in decades, yet the world’s youngest continent, demographically speaking, continues to have high unemployment with few signs of recovery in 2017. High unemployment is a key factor shaping young people’s decisions to migrate. The continent’s youth population is expected to double to 830 million by 2050.

  • Increased African Mining Deals Show Normalization, 2017 Outlook Positive

    increased African mining deals By Dana Sanchez, 9:52 am

    The surprisingly strong bull market in commodity prices in 2016 contributed to increased activity in mining and metals deals in Africa, says Quintin Hobbs, Africa mining and metals transactions leader at Ernst & Young. Organizations ran leaner and more efficient, with stronger balance sheets. The outlook improved so significantly through the course of 2016, that the predicted level of divestments and assets listed at rock-bottom prices at the beginning of 2016 just didn’t materialize, another expert said.

  • Getting Real: Government About To Publish Guidelines For Medical Marijuana South Africa

    By Dana Sanchez, 2:37 pm

    Marijuana is illegal in South Africa, but the country is a step closer to legalizing it for medicinal purposes. The South African government plans to soon publish proposed guidelines for production of cannabis, known locally as dagga. “This is a major breakthrough and fantastic news for freedom of choice,” said Narend Singh, MP for the Inkatha Freedom Party. The hemp industry is interested in legalizing the strain of cannabis used for hemp. SA imports $76 million worth of hemp products a year, Singh said. There’s also a case due to be heard in the Constitutional Court calling for full legalization including for recreational use.

  • Jacob Zuma Gives Backing To CAF President Issa Hayatou

    Issa Hayatou By Peter Pedroncelli, 5:14 am

    The Confederation of African Football (CAF) proudly announced the backing of South African president Jacob Zuma this week in regards to current head of CAF Issa Hayatou, who is trying to remain at the continental soccer governing body for yet another term. The embattled South African head of state has pledged his support to Hayatou ahead of the confederation’s upcoming elections. On Saturday Zuma was paid a visit by Cameroonian Hayatou at his home in Pretoria ahead of the CAF Super Cup final, which saw the winners of the CAF Confederation Cup face off against the victors of the CAF Champions League, the continent’s two premier club competitions.

  • Rise Of The African Megacities: What Will It Take To Make Them Smart?

    By Kurt Davis Jr., 1:00 am AFKI Original

    The number of urban Africans almost doubled between 1995 and 2015 and is expected to double again by 2035. Rapid growth is driving the African phenomenon of the megacity — an urban area with a population of at least 10 million. Megacities have economic benefits – economies of scale, innovation, clusters of skilled labor, and higher incomes. But they also struggle with congested slums, unemployment and out-of-control traffic. More than 50 percent of the African urban population lives in slums.

  • 3 African Countries Among World’s Most Powerful Economies By 2050, Says PwC

    most powerful economies by 2050 By Staff, 1:01 am

    Emerging markets such as Nigeria, Egypt, and South Africa are expected to grow twice as fast as advanced economies as technology improves productivity. SA and Nigeria are among the few countries expected to see a marked acceleration of annual average growth over the next few decades. However, PwC warns that to support this long-term sustainable growth, the countries need to diversify their exports to ensure their growth is not dampened by global price or demand shocks.

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