“We must develop a comprehensive and globally shared view … There has never been a time of greater promise, or greater peril.” — Klaus Schwab, Founder and Executive Chairman, World Economic Forum

The 28th World Economic Forum (WEF) on Africa will hold its annual regional summit in Cape Town from 4-6 September 2019 under the theme “Shaping Inclusive Growth and Shared Futures in the Fourth Industrial Revolution (4IR)”. The event will convene more than 1 000 regional and global leaders from politics, business, civil society, and academia to shape regional and industry agendas in the year ahead.

Africa, the world’s youngest continent, has a positive economic outlook, however, with some of the fastest-growing emerging and developing countries, the continent still faces many challenges from political to climate-related environment vulnerability.

According to WEF, 4IR signals a new era for regional partnerships and entrepreneurial and agile leadership to create pathways for shared prosperity and drive a sustainable future. The programme in Cape Town, South Africa, aims to tackle these issues by focusing on how to scale up the transformation of regional architecture related to smart institutions, investment, integration, industry, and innovation.

By Adri Senekel de Wet, Executive Editor: African Independent, Business Report and Personal Finance

A new era dawns

Publishing across the globe is getting a digital injection – and one company in Africa is leading the pack. By Chelsea Lotz

Technology is changing the media landscape as we know it today. While many in the industry believe technologies such as AI, cloud computing, and robotics are intended to take over the workforce, the contrary is true. More and more companies – both in and out of the media space – are introducing systems to help create a paperless digital workforce, where automation and efficiency are driven by the latest technology and managed by professionals. There is no limit to what can be achieved through these technologies and their intelligent use of data. As the world enters 4IR, data has become more powerful and valuable than oil.

ACCESS TO ALL INFO

Information is now more readily available than ever before. Consumers no longer need to rely on reading the weekly or daily newspaper for breaking news or to understand events happening across the globe. As more and more of us adopt technology – turning to platforms such as YouTube, Google, and Facebook – the publishing industry is being compelled to take an unprecedented leap into the digital domain. Many companies have turned to cloud computing and AI, which help empower consumers, writers, analysts, and creatives by providing them with the necessary tools to advance both production and overall creativity.

One such company is new-kid-on-the-block Volt.Africa. Derived from the unit for electric potential, Volt.Africa is symbolic of the skills and capability of our human capital, and the velocity with which they stay ahead of the diffusion of innovation in the digital economy. With more than 80 percent of consumers accessing news on smart devices, the ability to fit in and understand this new data-driven market has become more important than ever. The company’s service offerings include digital publishing, AI publishing software, adverts automated by digital-video software, meta-tagging, data analytics, and SEO metrics. By moving its publishing clients into the digital space, Volt.Africa has elevated the industry in Africa to a paperless technology-driven domain, focused on integral audience expansion and real-time data.

Digital power

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Through best practices and an increase in 4IR strategies, Premier Fishing & Brands is set to disrupt the sustainable fishing industry in SA.

The Earth’s natural resources are running low, including those that provide human sustenance (such as potable water and fish). As sources of food become scarcer, companies around the world are increasing their sustainability efforts to ensure profitability and nourishment for future generations.

Premier Fishing & Brands (a JSE-listed, vertically integrated and empowered marine business and one of the largest B-BBEE commercial fishing companies in South Africa) wants to make a valuable contribution to energy conservation. In pursuit of this goal, Premier Fishing recently completed a solar photovoltaic (PV) project at its abalone farm in Gansbaai in the Western Cape. The system uses solar irradiation (light from the sun) to generate electricity, helping to offset the electrical supply to the abalone farm.

Premier CEO Samir Saban says, “The PV modules are mounted on a specialised car-porting system that allows them to be installed above our abalone tanks. This means the panels have three main advantages for the farm: Generating electricity savings; protecting the tanks from seagulls; and providing the growing abalone with shade, which reduces the amount of algae that grows on the animals.”

Eco evolution

AEEI’s peoplecentric philosophy drives everything the company does. By Feroza Petersen

One of the largest B-BBEE companies in its sector, the awardwinning JSE-listed company African Equity Empowerment Investments Limited (AEEI), has its eagle eye firmly on the future.

What that future looks like will be largely determined by the group’s investment in technologies that help drive it to lead people and business into 4IR and beyond. With this in mind, AEEI has already embarked on a strategic investment drive to ensure the sustainability of its varied businesses, unlocking stakeholder value in the process.

Khalid Abdulla, the group’s CEO, is a visionary, multi-award- winning business leader who has been honoured as top CEO in South Africa in the CEO Today Africa Awards. Abdulla has led the group for the past decade, setting the scene to integrate with the technology era head on.

Bridging the digital divide

Published 13 August 2019 by Kabelo Khumalo, Business Report

Former Public Investment Corporation (PIC) chief executive Dan Matjila yesterday hit out at the asset manager’s attempts to recoup the R4.3 billion it invested in the listing of AYO Technology Solutions in 2017.

Matjila told Judge Lex Mpati’s commission into allegations of wrongdoing at the PIC that the lender had not lost any money until he left last year.

“I think it is a suboptimal approach. I mean unless the law has been broken somewhere and the JSE has not done its work in approving the PLS (pre-listing statement), the basis of which an investment was made,” Matjila said.

“I am sure they (JSE) are doing their own investigations around the PLS, because we were fed with a PLS and used that as a basis to invest, so if there are issues around the PLS there has to be a way of unwinding that position, especially now that the cash has not been spent, as far as I could read the numbers.”

In March, a court ruling set aside a controversial compliance notice against the PIC by the Companies and Intellectual Property Commission to recover R4.3bn from AYO. The PIC has since served AYO with a summons demanding it pay back the R4.3bn it invested due to misrepresentation.

Please read full article here.

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