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Opportunity Issue 96

  • Text
  • Investors
  • Trade
  • Africa
  • Investment
  • Developments
  • Business
  • Industry
  • Sustainability
  • Sustainable
  • Supplier
  • Suppliers
  • Prices
  • Solutions
  • Economic
  • African
  • Procurement
  • Mining
Opportunity, endorsed by the South African Chamber of Commerce and Industry (SACCI) is the mouthpiece for business in Southern Africa. The aim of the publication is to inform potential investors both nationally and internationally of the most relevant business news: trade, investment, financial, market-related information for each business sector, as well as to inform of the latest developments in business legislation from both the public and private sector.

EDITOR’S NOTE Do not

EDITOR’S NOTE Do not miss this Opportunity “ We should confront the legacies of apartheid spatial development. It will take bold leadership. It is doable. Many countries in the East have done it. Speeches don’t create wealth. Hard work does. Enabling policy environment where government is unwavering about its expectations from all social partners brings about socio-economic change. Our current policy trajectory is a sustaining one. It keeps those in poverty alive and in control so that they do not present a threat to the haves,” Jerry Vilakazi tells us on page 8. Vilakazi’s career trajectory is impressive and so are his insights into South Africa’s socio-economic past and present. He believes that government could have done more using procurement to advance economic transformation. Procurement is the name of today’s game. To preserve the social licence to operate by balancing approval from local communities and the management of legislation pressures, South Africa’s mining companies often invest in social impact initiatives that create social benefits. However, they generate minimal levels of sustainable socio-economic value and as a result, the industry is missing out on potential advantages. Sustaining a competitive advantage will require a shared-value agenda. A strategy that addresses the national priorities of inclusive growth and transformation is needed. Our article on page 18 attests that procurement can be the driver for this transformation. And The Big Blitz on page 32 demonstrates how a proactive procurement department can help capture a wealth of savings when oil and gas prices fall. Take the Opportunity to procure your power with this edition that is packed with practical advice on all matters ranging from intra-African trade to African development. Alexis Knipe, Editor 2 | www.opportunityonline.co.za www.opportunityonline.co.za Editor: Alexis Knipe Publishing director: Chris Whales Managing director: Clive During Online editor: Christoff Scholtz Designer: Simon Lewis Production: Aneeqah Solomon Ad sales: Venesia Fowler Joy Peter Marco Gibbs Tanya Duthie Tennyson Naidoo Tahlia Wyngaard Administration & accounts: Charlene Steynberg Kathy Wootton Distribution and circulation manager: Edward MacDonald Printing: FA Print PUBLISHED BY Global Africa Network Media (Pty) Ltd Company Registration No: 2004/004982/07 Directors: Clive During, Chris Whales Physical address: 28 Main Road, Rondebosch 7700 Postal address: PO Box 292, Newlands 7701 Tel: +27 21 657 6200 Fax: +27 21 674 6943 Email: info@gan.co.za Website: www.gan.co.za No portion of this book may be reproduced without written consent of the copyright owner. The opinions expressed are not necessarily those of Opportunity, nor the publisher, none of whom accept liability of any nature arising out of, or in connection with, the contents of this book. The publishers would like to express thanks to those who support this publication by their submission of articles and with their advertising. All rights reserved.

Contents ISSUE 96 | JAN/FEB/MARCH 2021 04 06 08 18 24 28 30 32 38 SACCI FOREWORD New year’s resolutions NEWS & SNIPPETS What has been and what’s to come THE HUMBLE HERO Opportunity speaks to Jerry Vilakazi, executive chairman of Palama Group and non-executive director of Sibanye-Stillwater PROCUREMENT LOCALISATION: SOUTH AFRICA’S GOLD The government has challenged the mining industry to play a central role in helping the country achieve its socio-economic objectives AfCFTA LAUNCHES TRADE The African Continental Free Trade Area (AfCFTA) agreement is good news for the continent because it is likely to boost intra-African trade AFRICAN PAYMENTS FOR AFRICAN DEVELOPMENT Africa is poised on the cusp of the change introduced by mobile and Internet technology TACKLING AFRICA’S POWER CRISIS The potential move away from coal has fired up the continent THE BIG BLITZ When the cost of feedstock goes down, the cost of many downstream chemicals can also change. A proactive procurement department can help capture a wealth of savings WILL COVID-19 CHANGE THE FATE OF SINGLE-USE PLASTICS? The pandemic could be the catalyst for environmental change 38 08 18 30

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