Daily Archives: May 2, 2018

YPO Innovation Week Unites Global Innovators for Africa Ignite Event

Signature Event in Kenya Will Feature Cutting-Edge Insights from a Selection of Africa’s Most Innovative Thought and Business Leaders

JOHANNESBURG, South Africa, May 02, 2018 (GLOBE NEWSWIRE) — As part of its third annual YPO Innovation Week, YPO will host Africa Ignite in Nairobi, Kenya, convening more than 140 senior executives to discuss and brainstorm how technology is transforming business operations in Africa and around the world.

YPO Innovation Week is a series of more than 50 events conducted in over 30 countries throughout the world from 7-11 May 2018, featuring dynamic global innovators who will come together to share best-in-class business strategies as well as timely and relevant insights that are fueling innovation and shaping the future of global business over the next decade.

Through lectures, workshops and site visits, Africa Ignite will focus on the opportunities and challenges of doing business in Africa, while highlighting Africa’s spirit of innovation.

“Africa is a hotbed of innovation, as will be showcased throughout Africa Ignite 2018,” says YPO Africa Ignite Co-Champion Dhruv Pandit, CEO of Fedha Group. “YPO members from across Africa will share experiences with each other and learn from truly innovative businesses that are already disrupting the African landscape in a positive way.”

Featured speakers include:

  • Craig Wing, Partner of FutureWorld International
  • Rob Burnet, a two-time Emmy Award winning producer and founder and CEO of Well Told Story
  • Eric Hersman, Founder and CEO of BRCK and Founder of iHUB
  • Vishal Agarwal, Chairman and Chief Executive of Full Circle Africa and YPO member
  • Jon Foster-Pedley, Dean of the Henley Business School

Co-Champion Chirag Sanghrajka, Managing Director of Cape Holdings Ltd., adds, “The event sold out in record time, and we look forward to welcoming over 140 top CEOs from across Africa and beyond.”

YPO Innovation Week is a global event during which the world’s most innovative companies share their inspiration and insights. YPO Innovation Week is designed for YPO leaders who are responsible for vision, strategy, information and technology who are charged with driving innovation — across industries and sectors.

Through signature Innovation Week events, live two-way interactive video casts and livestream events, business leaders will learn how to keep pace with innovation trends on a global scale, innovate and disrupt industry practices, nurture and develop value-creating ideas across organizations and positively impact communities, industries and the world.

Additional Innovation Week signature events will be held between 7-11 May 2018 in major cities including Sydney, Australia; London, England; New York, New York, USA; Santa Domingo, Dominican Republic; and Silicon Valley, California, USA.

For more information, visit the YPO Innovation Week website.


The premier leadership organization of chief executives in the world.

YPO is the global platform for chief executives to engage, learn and grow. YPO members harness the knowledge, influence and trust of the world’s most influential and innovative business leaders to inspire business, personal, family and community impact.

Today, YPO empowers more than 25,000 members in more than 130 countries, diversified among industries and types of businesses. Altogether, YPO member-run companies employ 16 million people and generate USD6 trillion in annual revenues.

Leadership. Learning. Lifelong. For more information, visit YPO.org.

Linda Fisk
Office: +1 972 629 7305 (United States)
Mobile: +1 972 207 4298


CAPE TOWN South African Arts and Culture Minister Nathi Mthethwa on Tuesday launched the fourth edition of the commemoration of Africa Month celebrations in Cape Town.

Activities for this year’s Africa Month were outlined at the launch which took place at the Artscape Theatre Centre in Cape Town under the theme, The Year of Nelson Mandela: Building a Better Africa and a Better World”.

The Month of May is declared Africa Month to commemorate the founding of the Organization of African Unity (OAU) on May 25, 1963. It was on this date that 25 May was declared as Africa Day as a symbol of unity amongst all Africans.

Africa Month is conceptualised within the context of several policies and legislative instruments that guide what South Africa wants to achieve domestically and internationally. In this regard, the principles of the National Development Plan 2030 and Outcome 11 and 14 of the Medium Term Strategy Framework (MTSF) objectives become the pillars of Africa Month, the Arts and Culture Department said on Monday.

By establishing the OAU in May 25, 1963, now known as the African Union, Africa became a pioneer by being the first continent to focus on and encourage nation building through unity and freedom from oppression, it said.


Finance Committee Briefed on Illicit Tobacco Trade

Parliament� The Standing Committee on Finance has received a briefing on the huge loss of revenue to the fiscus through the Illicit Tobacco Trade (ITT).

Participants included the Tobacco Institute of South Africa, the Fair Trade Independent Tobacco Institute, the National Treasury (NT), SARS (South African Revenue Service), Financial Intelligence Centre (FIC), the Hawks and NPA (the National Prosecuting Authority).

Members of the committee are acutely aware of the health hazards of smoking but since smoking is not legally proscribed, the committee feels very strongly that the (SARS) should raise the full revenue it is entitled to from the tobacco industry, now, more than ever. The committee believes that every cent due to SARS has to be collected, especially in view of the revenue shortfalls in recent years and the need to fund major pro-poor programmes.

By their very nature, the loss of revenue through illegal activities like in the ITT, is difficult to quantify. But it’s estimated that a minimum of R5 billion is lost to the fiscus. This is completely unacceptable, said Mr Yunus Carrim, Chairperson of the committee.

Mr Carrim said South Africa ranks around top 5 countries in the world with the highest incidence of trade in illicit cigarettes.

The increase in the illicit tobacco trade makes cigarettes easily accessible even to children and defeats the health promotion regime of the country, he said.

The committee believes that there should be far more effective coordination between SARS, the Hawks, the FIC, NPA and the National Treasury in more decisively tackle the ITT.

Finally, the committee also urged the Ministers under which these institutions fall, to work in a coordinated structure towards this goal.

Source: Parliament of the Republic of South Africa

Teamwork commended as stolen truck and goods worth over R1m recovered in a flash

Quick response by Sergeant De Brugge, Constable Fischer and Port Elizabeth K9 Sergeant Oosthuizen and Constable Naicker led to the arrest of two suspects and the recovery of a stolen Isuzu truck with goods to the value of almost R1 million.

The members interviewed the complainant and he informed them that he was going to leave with the truck in the morning. He was sleeping at the Depot in Burman Road Deal Party and when he woke up he realized that the truck was missing. The truck was loaded with nappies and toilet paper. He reported this to 10111 and the Port Elizabeth Flying squad and K9 immediately followed up on information. Whilst on patrol in Ferguson Road New Brighton the truck came towards them and stopped. Two suspects jumped out of the truck and ran away. The members gave chase on foot and successfully arrested both suspects.

In commending the members, Eastern Cape Provincial Commissioner Lt Gen Liziwe Ntshinga said this evening “This success shares how our strategic deployment of resources in the Nelson Mandela Municipality and surroundings is helping eliminate the space for criminals. Our members’ speedy response prevented the loss of life and recovered very costly stock to its rightful owners. Well done to the members,” she added.

The suspects who are due to appear in the Port Elizabeth Magistrates court during this week, face charges of Possession of suspected stolen property.

Source: South African Police Service


JOHANNESBURG– Ace Magashuie, the Secretary-General of South Africa’s ruling party, the African National Congress (ANC), has called for unity among the ANC, the Congress of South African Trade Unions (Cosatu), which is the county’s biggest labour federation, and the South African Communist Party Alliance (SACP), the three members of the Tripartite Alliance.

He was addressing thousands of workers who attended Cosatu’s march to steel producer Arcelor Mittal in Vanderbijlpark, south of Johannesburg, on Tuesday, which was Workers Day. The march began at the Bophelong Township in Vanderbijlpark and the throngs of Cosatu members then made their way over several kilometres towards the Arcelor Mittal steel plant.

Leading the march was Magashule, together with Energy Minister Jeff Radebe, Gauteng Province Premier David Makhura and Cosatu General Secretary Bheki Ntshalintshali.

On this important day of the celebration of the struggle of the working class, we convey our fraternal warm greetings from the leadership and the membership of the ANC across the length and breadth of the country. In our meeting of the Secretariat of the Alliance, we agreed that during this year, the year of the centenary of Nelson Mandela, Mama Sisulu, this year the alliance (is) in action, not in boardrooms and in meetings, Magashule said.

Meanwhile, Cosatu says workers’ exploitation is still rife in North West Province and both the private and public sector should do more to promote workers’ rights. The Workers’ Day rally took place in the capital of the beleaguered province, Mahikeng.

The premier of the province, Supra Mahumapelo, is under pressure and the Provincial Health Department has been placed under administration. Corruption was again highlighted as a concern, crippling the provincial government and consequently affecting workers.

Cosatu says workers’ rights must be addressed. There are issues that workers are facing here. You know in the North West that the Public Service workers, in particular in the Department of Health, workers have been on strike for almost two months now. It’s because they are being treated very badly,” said Cosatu Deputy General Secretary Solly Phetoe.

“We’ve got casual workers workers are paid according to what is expected, and there is a lot of corruption that has been raised by workers in that particular department. But also, there are private workers here. Security workers, domestic workers, retail workers are being exploited in this province.

Cosatu members marched from the local taxi rank to the nearby rugby stadium where a memorandum was handed to government and various retailers.

Among those attending were members of the National Executive Committee of the ANC, Obed Bapela and Malusi Gigaba. They are part of the national government task team investigating the North West Health Department.