Welcome to the 12th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by an e-book edition at www.southafricanbusiness.co.za.
A special feature in this journal focusses on the relationship between tertiary education, training and the jobs market. The youth unemployment rate is referenced in a discussion of the various measures that are being taken in the public and private sectors to help prepare young people for work, or to encourage them to start businesses. The role of the country’s Sector Education and Training Authorities (SETAs) is highlighted.
Regular pages cover all the main economic sectors of the South African economy. This includes tracking the rapidly evolving renewable energy landscape and reporting on the progress of exploration and discoveries of oil and gas off the coast and on land. Landmarks such as BMW’s 50-year celebration of making cars in South Africa are noted and a snapshot of each of the country’s provinces is provided.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com and www.southafricanbusiness.co.za. These unique titles are supported by monthly business e-newsletters. The Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.
OVERVIEW The
OVERVIEW The SouthAfrican state has promised a huge infrastructure drive and has established an entity called Infrastructure South Africa (ISA) to coordinate and encourage catalytic projects. The business and investment communities are also interested in infrastructure but in the context of climate change, the emphasis is increasingly on sustainability. Sanlam, established in 1918 as a life insurer, is now a financial services company with five main divisions, including Corporate, Personal Finance and Emerging Markets. Santam focusses on shortterm insurance. With its headquarters in Bellville, Sanlam is Africa’s largest insurance company. Sanlam Investments has launched a Sustainable Infrastructure Fund which primarily invests in senior or subordinated debt across a wide range of SouthAfrican infrastructure assets, with the ability to invest up to 10% in equity. Sanlam Group will invest R6-billion in the fund and aims to attract a further R5-billion from institutional investors. Investments will be made in housing, transport, health, water, waste, communication, conventional energy and renewable energy, a fast-growing sector with enormous potential. Large-scale infrastructure projects like the Berg River Voelvlei Augmentation Water Scheme (BRVAS), pictured, are examples of the kind of projects that need to attract investment from a variety of sources. Even when National Treasury is the main funder, complications can arise. Managed by the Trans-Caledon Tunnel Authority (TCTA), the BRVAS project could only go ahead once offtake agreements had been signed. In October 2022, the City of Cape Town Council approved a R2.3- billion Water Supply Agreement (WSA) with the Department of Water and Sanitation (DWS). ■ Your success is our priority In today’s dynamic financial landscape, navigating the complexities of wealth management requires a reliable confidant who can help you achieve your unique aspirations – both personal and business-related. Look no further than Centillion Wealth Advisory. Why work with us? Comprehensive service offering: We offer holistic financial services, including personalised investment strategies, retirement planning, tax optimisation, estate planning, risk management and financial education. We provide expert guidance to help secure your financial future and goals. Expertise and a proven track record: Our award-winning team of experts possess a deep understanding of financial markets and investment strategies, providing you with the guidance needed to make informed decisions. Customised solutions: We create bespoke wealth management strategies catering to your individual financial objectives, whether retirement planning, tax optimisation or asset diversification. Peace of mind: We handle the complexities of managing your wealth while you focus on what matters most – growing your business and leaving a legacy for your loved ones. Discover why Centillion Wealth Advisory is the ultimate choice for your personal wealth management and business planning needs. Your success is our priority! ■ Centillion Wealth Advisory is a licensed Financial Services Provider with FSP number 53233.
