Daily Archives: June 3, 2016

European Consultancy BearingPoint Reaches New Peak in 2015

New Solutions unit expected to further boost growth as the firm reiterates its revenue goal of 1 billion euros by 2020

AMSTERDAM, NETHERLANDS–(Marketwired – Jun 2, 2016) –  BearingPoint, one of Europe’s leading management and technology consultancies, had another strong year in 2015. The firm reported full-year revenue of 563.3 million euros, the highest level since the company’s Management Buyout in 2009, and had record newly booked business. The consultancy delivered profitable and sustainable growth for the year, especially in the second half of 2015, and that has continued into the first quarter of 2016.

In 2015, BearingPoint reorganized its business and created three synergetic pillars: Consulting, Solutions, and Ventures. The three units work together to drive innovation, sustainable revenue, and client value. A large share of future growth is expected from the Solutions unit providing software solutions to deliver rapid results. BearingPoint invested heavily in this unit with a focus on digital transformation, regulatory solutions and advanced analytics. As a result, Solutions bookings grew by 44 percent. Another major step toward delivering more digital technology solutions was the acquisition of Helsinki-based Magenta Advisory, the leading independent management consultancy for digital business development in the Nordic region.

Peter Mockler, who, in 2015, was reelected as Managing Partner of BearingPoint for the third time, said: “In our rapidly changing world, we have to solve the problems of our clients with new solutions focusing on their specific needs. Combining Consulting and Solutions and being business-led will help differentiate us from traditional consulting, software and technology firms.”

Another strategic priority is expanding BearingPoint’s global reach through alliance partners. Starting with 14 EMEA countries in 2009, the consultancy has expanded its presence to 35 countries with more than 10,000 people ready to serve clients throughout the world. In 2015, the firm won key engagements in the Middle East, grew its operations in China, opened a third office in Romania and built a joint Center of Excellence with its alliance partner ABeam Consulting in Singapore.

“I’m particularly happy to report that our dynamic development enabled BearingPoint to appoint more new partners to the firm in 2015 than in any year before. In 2016, we will continue to execute our strategy and maintain the growth momentum we gained over the latter part of last year. I expect to see our new strategy and investments made in the past few years to accelerate our growth in 2016 and achieve our ambitious goal of 1 billion euros in gross revenue by 2020. We’ll leverage our global reach and continue to empower our people. Most importantly, we must stay close to our clients and be proactive in identifying how we can best serve them,” Peter Mockler commented.

About BearingPoint

BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of more than 10,000 people serves clients in over 75 countries and engages with them for measurable results and long-lasting success.
For more information, please visit: www.bearingpoint.com

Alexander Bock
Manager Communications
+49 89 540338029
alexander.bock@bearingpoint.com
Twitter: @BearingPoint

MORE THAN HALF OF SOUTH AFRICAN STUDENTS WANT TO WORK ABROAD AFTER GRADUATION

A survey conducted among more than 1,500 South African students has revealed that 54 per cent of the respondents plan to move abroad for work purposes in the next five years following their graduation.

The 2016 PPS Student Confidence Index (SCI) was conducted among students in their fourth-year or above, studying at a university or university of technology towards a profession-specific degree, such as engineering, medicine, law or accounting.

Students answered questionnaires online, face-to-face on campus, and via focus groups.

A technical marketing specialist at PPS, Motshabi Nomvethe, says in a statement that a possible reason why students are inclined to move abroad following their graduation could be the current economic environment and the gloomy outlook for employment in South Africa.

“The latest figures from the Statistics South Africa Labour Force Survey indicate that an estimated 26.7 per cent of South Africa’s population are unemployed. These figures could motivate students to seek employment opportunities abroad,” Nomvethe says.

Nomvethe adds that while it is not good news that more than half of South Africa’s future professionals are planning to work overseas, they should be encouraged to return to the country once they have acquired international expertise and plough their knowledge back into the local economy.

The PPS SCI also reveals that 69 per cent of the respondents stated that they keep updated about economic and political issues affecting the country.

Nomvethe says these results show that students are reading the news and accessing information via social media so they are aware of what is going on in the country.

She says this may cause students to consider whether they will be better off finding work n a foreign country.

The Expat Insider’s Inter-Nations Survey conducted in 2015 also reveals that the top three reasons why South Africans consider moving abroad are personal safety, the cost of living, and the economic or labour market.

Source: NAM NEWS NETWORK

South Africa: Minister Maite Nkoana-Mashabane Participates in Paris Middle East Peace Conference

The Minister of International Relations and Co-operation, Ms Maite Nkoana-Mashabane, will on Friday, 3 June 2016, attend an international conference on the Middle East Peace Process (MEPP) in Paris, France, at the invitation of the French Foreign Minister, Mr Jean Marc Ayrault.

Minister Nkoana-Mashabane will be joined by the permanent members of the United Nations Security Council, members of the Quartet, the Arab Quartet, and representatives of selected Asian countries to find a mechanism to resolve the Palestine-Israeli conflict. In particular, the conference will seek to re-affirm the Two-State solution as the only viable solution to the conflict.

This conference is convened at a time when the Two-State solution is being threatened by the ever-expanding Jewish settlements in Palestinian lands, as well as increasing sporadic acts of violence between Israelis and Palestinians.

The conference is part of what has come to be known as the French Initiative on the MEPP, which seeks to re-kindle the Israel-Palestine dialogue which collapsed with the failure of John Kerry’s efforts in April 2014. Since then, the tension between Israelis and Palestinians worsened with the outbreak of the Fifty-Day Gaza War in June-July 2014.

At the height of the 2014 Gaza War, President Jacob Zuma appointed former Minister Zola Skweyiya and former Deputy Minister Aziz Pahad as presidential special envoys on the Middle East Peace Process. The two have since visited countries in the Middle East, North Africa, and Southern Europe to consult on how to revive the MEPP. Last week, President Zuma held talks in Cape Town with President Mahmoud Abbas of Palestine to discuss a range of issues associated with the MEPP.

The conference will be opened by the French President, Mr Francois Hollande, and will build on the ongoing international efforts in finding a settlement to the Palestinian-Israeli conflict based on the two-state solution.

The multilateral and participative approach of the French Initiative is meant to complement the United Nations Security Council Resolutions, Madrid Principles, Arab Peace Plan, and the Quartet Roadmap as guiding principles to move ahead with the Middle East Peace Process.

The Ministerial Meeting on 03 June 2016 is intended to pave the way for a larger conference to include Palestine and Israel in the second semester of 2016.

Source: South African Government.

Companies invited to participate in WAPIC

The Department of Trade and Industry has called on the electro-technical sector to participate in the West African Power Industry Convention (WAPIC) exhibition in Lagos, Nigeria.

The convention will take place from 23 – 24 November.

Trade and Industry Deputy Minister Mzwandile Masina on Thursday encouraged South African companies to apply to participate in WAPIC, before 24 June.

“WAPIC is an exhibition that gives exporting companies access to an emerging high-growth market through the provision of a platform to showcase pioneering technology and innovative products in the electro-technical sector,” said Deputy Minister Masina.

The exhibition is a convergence of power professionals, spanning government, consulting, investors and utilities. It will offer opportunities for exporting companies to identify niche export opportunities.

“This exhibition will build on the successes of the dti’s participation at WAPIC 2015 by providing a lucrative platform for South African manufacturers of products and related services from the electro-technical sector to showcase South African expertise in this sector, which in turn will increase exports,” said Deputy Minister Masina.

The dti will provide assistance to the participating companies through the Export Marketing and Investment Assistance Scheme (EMIA) in the form of air travel, subsistence allowance, payment of exhibition space, as well as freight forwarding of display material.

WAPIC 2016 will focus on boilers/combustion systems, cables, computers/software, converters, inductors and transformers, emission control, engineering services, construction companies and generation equipment.

It will also feature instrumentation controls, meters and associated technologies (meter testing equipment, revenue protection technologies and services), motors/electrical equipment.

Pumps, compressors, relays, renewable equipment and suppliers, switchgear and control equipment, turbines, transmission equipment and substations, wiring and accessories will also be showcased at the exhibition.

Source: Government Communication and information System

DST partners with Media24 to showcase space science, technology

The Department of Science and Technology (DST) has partnered with Media24 to showcase technological advancements in space science and technology.

The Department’s exhibit at Gateway to Space: The Exhibition was officially opened by Director-General, Dr Phil Mjwara, on the evening of 1 June 2016 at the Sandton Convention Centre. Closing on 31 July, the exhibition focuses on the South African space sector and highlights astronomy as well as space science and technology.

The partnership with Media24 demonstrates the Department’s commitment to bringing awareness and inspiring the youth of South Africa to take up science, technology, engineering and mathematics as school subjects through its association with Gateway to Space: The Exhibition.

“Space science and technology, particularly satellite applications, have rapidly become an integral part of our daily lives, from observation of Earth as a system to connecting people through mobile apps and broadcasting to satellite navigation. The Minister of Science and Technology, Naledi Pandor, recently emphasised that science isn’t only for the elite and our partnership at this exhibition aims to support this,” said Dr Mjwara.

Minette Ferreira, Media24’s spokesperson, says that following its tour of Europe this exhibition brings the great adventure of space exploration to South Africa for the first time.

“It’s an enormous privilege to bring this phenomenal experience to the nation in collaboration with the most relevant government department. We’re delighted to see schools have come on board and that more than 20 000 school children have so far booked to come to the exhibition,” she said.

The DST, along with organisations such as the Hartebeesthoek Radio Astronomy Observatory, Southern African Large Telescope, South African National Space Agency, Square Kilometre Array Project (SKA), Cape Peninsula University of Technology and Denel Spaceteq, is exhibiting a collection of artefacts that depict success stories in this field.

This part of the exhibition focuses on the South African space sector and includes SA’s space journey illustrated on a timeline stretching from 1535 to 2016.

“We’re proud to partner with Media24 in showcasing the technological advancements in the area of space science and technology,” added Dr Mjwara. “We believe this exhibition will not only help bring science closer to the youth but also demonstrate how space science can help the government address priority service delivery and social challenges.

Source: Department: Science and Technology