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21st World Economic Forum on Africa commences

The 21st World Economic Forum on Africa, which is to be attended by in excess of 900 participants from 60 countries, commences in Cape Town.

The three-day conference will focus on precisely how sub-Saharan Africa can maintain its growth path and turn into one of the pillars of global growth and demand.

To be organised within the subject, Shaping Africa’s Role in the New Reality, the conference is going to take place against the background of the growing global acknowledgment of Africa’s development potential.

Finance Minister Pravin Gordhan, the lead minister for WEF, remarked that in redefining the nation’s association with the world, South Africa’s message was indeed shifting beyond the focus on its abundant cultural diversity.

“We are currently showcasing our accomplishments in the areas of science, technological innovation, financial services and our acknowledgement as a systemically crucial member of the international community.

“In our hosting of WEF Africa, we will with certainty declare that South Africa is definitely responding to the new reality,” he said.

Finance Minister Pravin Gordhan

Gordhan mentioned the nation is without a doubt perfectly positioned in the changing poles of power and economic growth, not merely as an emerging market, but more as a leading economy on a continent this is certainly an invaluable partner within the global economy as well as being home to roughly 15 percent of the world’s population.

“All of us are formidable supporters of inclusive growth, job creation, and the diversification of the economy,” the minister claimed.

He added the fact that South Africa has been actively taking part and adding to positions developed in global policy making.

“We may also be assuming a progressively more significant place in the global arena. We are one of the non-permanent members on the United Nations Security Council, the sole African nation to be a member of the G20, as well as not too long ago, we have obtained a seat at the table of the Brazil, Russia, India, China and South Africa forum (BRICS), which, with its inhabitants in excess of 3 billion people, functions as a significant platform for global dialogue and cooperation.”

Certainly one of concerns to be talked about at the WEF Africa will most certainly be just how African economies will be able to mitigate their exposure to the volatility and unpredictability in commodity prices and ways in which the continent can bolster its voice in multilateral community forums much like the G20 and the Seventeenth Conference of the Parties of the United Nations Framework Convention on Climate Change (COP 17). The COP 17 conference is going to be organised in Durban in December.

President Jacob Zuma

As being the largest economic system on the continent, South Africa has long been and definitely will continue to utilize its seat on multilateral fora, along with the International Monetary Fund, the World Bank and the G20, to boost Africa’s interests.

South Africa will in addition take advantage of its membership of BRICS to improve Africa’s voice in the world.

Africa’s enhanced economic prospects have mainly been due to steps undertaken by African nations themselves to get rid of political conflicts, improve governance and develop improved macroeconomic conditions.

Despite the fact that Africa will definitely reap the benefits of globalisation, which is certainly most likely to spur demand for commodities, the continent’s expansion into the future will probably be influenced by social and demographic shifts currently underway.

The South African Government delegation to WEF Africa will be headed by President Jacob Zuma, who is going to be accompanied by the following ministers:

* Pravin Gordhan: Minister of Finance
* Trevor Manuel: Minister of National Planning: The Presidency
* Rob Davies: Minister of Trade & Industry
* Ebrahim Patel: Minister of Economic Development
* Tina Joemat-Pettersson: Minister of Agriculture, Forestry & Fisheries
* Malusi Gigaba: Minister of Public Enterprise
* Marthinus van Schalkwyk: Minister of Tourism
* Dipuo Peters: Minister of Energy
* Edna Molewa: Minister of Water and Environmental Affairs
* Naledi Pandor: Minister of Science and Technology

Several South African business people will in addition participate in the WEF conference.

Source: BuaNews


World Wide Web emerging trends for Africa

Businesses and organizations almost everywhere in Africa are anticipating a revolution with regard to access to the internet, technological innovation in addition to costs as a consequence of the speed of the latest undersea cables connecting the continent.

In excess of 90% of business decision-makers throughout Africa expect costs to decrease as well as levels of competition to increase significantly, in accordance with the Telecoms Trends in Africa 2010 report, released by World Wide Worx and Database 360.

The study, carried out among 1 182 internet-using small, medium and large businesses and organizations spanning 20 African countries, furthermore disclosed that the majority of African countries continue to be to a great extent dependent on sluggish as well as costly forms of online connectivity, for instance dial-up and satellite. Having said that, they are commencing the proceed to high speed broadband.

Arthur Goldstuck Head of World Wide Worx

“Our interviewers came across incredible excitement when it comes to the internet in all countries we surveyed,” says Louise Robinson, managing director of Database 360. “There is without a doubt that, in this new connectivity era, the very nature of the majority of businesses is definitely transforming.”

Database 360 operates a call centre in Cape Town, from where the participants were interviewed telephonically. The research was put together and then the information and facts analysed by World Wide Worx, a South African technology research company.

“ADSL is rapidly turning out to be the standard method of business access to the internet throughout Africa – in excess of 40% of companies in these 20 countries are utilizing it,” says Arthur Goldstuck, managing director of World Wide Worx. “However, we are able to understand the restrictions of already present infrastructure from the undeniable fact that satellite connectivity continues to be an integral part of the mix.”

More than one in five respondents stated they were making use of satellite connectivity, with a similar number preparing to include it with their options.

“Satellite is considered the most expensive means you possibly can use to gain access to the internet,” says Goldstuck. “The ongoing appetite for it informs us that, despite the fact that presently there is an expectation for considerably better as well as more affordable online connectivity, the reality on the ground continues to be one of limited infrastructure.

“Moreover, the moment organizations and businesses go online, the internet results in being significantly much more essential to their survival, and possessing a backup type of accessibility will become increasingly more critical.”

Countries like Mauritius, Ivory Coast and Namibia are without a doubt displaying robust growth in ADSL use by business, while Angolan organizations and businesses suggest the greatest predicted expansion for this type of broadband.

“It’s incredible to discover the way the degree of internet usage shoots up any place the new undersea cables have arrived and fibre optic networks have connected the cables to urban centres,” says Robinson. “The East Africa nations, in particular, are taking to social media as a general business tool to somewhat of a significantly greater degree when compared with practically anywhere else in Africa.”

The market research shows Kenya and Uganda as the biggest African end users of social networking for business. Having said that, even landlocked countries that have already in recent times observed significant improvements to their fibre optic networks, for instance Botswana and Zambia, are also shifting quickly in this direction.

The research additionally examines the utilization of general internet applications, email on cellphones as well as the introduction of cloud computing in Africa.

Go to the World Wide Worx website for more information and to download an executive summary of the report.

Source: mediaclubsouthafrica.com, skillworxecommerce.co.uk, techcentral.co.za, gottaquirk.com, networth.co.za