Africa now has our first smartphone wholly manufactured on our continent in a factory in Rwanda.
The new smartphone factory for the production of the Maraphones was officially opened in April.
Components of the phone are manufactured in Rwanda and are also sourced from other African countries including South Africa.
The establishment of the smartphone factory is expected to create some 20,000 direct and indirect jobs in Rwanda.
Currently some firms are assembling smartphones in countries such as Kenya, South Africa’s and Egypt.
But this is the first time a smartphone is not being assembled in Africa but all the parts manufactured on the continent.
New data from a minimum wage report from School of Economic and Business Sciences (SEBS) at the University of the Witwatersrand shows how much the average South African gets paid across race, gender and industry in the country.
The Digital Financial and Economic Inclusion for Youth (DFE4Y) Platform will leverage the power of technology and partnerships to address the youth unemployment challenge in South Africa 4,000 youth will transition into sustainable livelihoods.
Reconstructed Living Lab (RLabs) announced an investment of 2,000,000 Rand to the Digital Financial and Economic Inclusion for Youth (DFE4Y) Platform in partnership with The MasterCard Foundation. The innovative digitally-enabled reward platform will support the transition of 4,000 youth living in peri-urban and township communities in Cape Town, South Africa into sustainable livelihoods.
The Entrepreneurship Development Trust, Khulasande Capital and En-novate successfully hosted two economic debates on Tuesday 14 June at Investec’s head office in Sandton. Their purpose was to explore meaningful, tangible ways of re-igniting South Africa’s economy.
As we commemorate the 40th Anniversary of the 1976 Student Uprising, the realisation that our young people aged 15 to 34 continue to make up the bulk of the unemployed and that they are also less skilled than their parents, is cause for huge concern.
“When parents are better equipped than the children, it’s a sign of regression,” said Statistician-General Pali Lehohla at the April 2016 release of ‘The Social Profile of Youth, 2009 – 2014’.
Empowerment Setback: Black SA Youth Less Skilled than Their Parents
by Ryan Swano
For Black Economic Empowerment to have long-lasting results South Africa not only needs more jobs to be created but we need 'quality jobs' to be created in fields that can grow our economy on the technological front.
When those jobs are created we need to have people who are skilled and qualified to do those jobs.
Former domestic worker Zanele Sibiya is proof that perseverance is the key to success
It took her six long years of ill health, stress, financial strain and struggle to get to where she is, but former domestic worker Zanele Sibiya (27) never gave up on her dream to get her BSc in physics and electronics from the University of Zululand in KwaZulu-Natal. She qualified earlier this month.
The South African Broadcasting Corporation (SABC) will be paying artists a bit more for playing their music on radio.
Following a meeting with he Southern African Music Rights Organisation, South African Music Performance Rights Association, Independent Music Performance Rights Association and Association of Independent Record Companies, the SABC decided to increase royalty payments from 3% to 4%.
Government grants and funding are a great source of finances when you’re trying to get your business off the ground or expand to new horizons.
South Africa’s economy needs to inspire entrepreneurship in order for it to grow. By creating an environment that is friendlier to small businesses and actively encouraging the sector, the country is in a better position to create jobs.
Fighting for the top spot as best employer has for years been a big trend in Europe and North America, with companies realising that their employees are crucial for corporate success and that the welfare and sustainability of their businesses also rely on how well their employees are treated and looked after.
Many South African companies are now also embracing this trend, realising the enormous benefits for all parties involved. And it has been proven that if companies indeed want to attract the best skilled professionals, they need to have a good reputation in the market place when it comes to looking after the people working for them. We often hear people say: “It’s a good company to work for.”---or the opposite of that.
It’s official. The Johannesburg Stock Exchange (JSE) is no longer the only game in town.
ZAR X announced on Wednesday that the Financial Services Board has granted it a stock exchange licence that enables the company to operate as such, providing a cheaper alternative to investors and companies looking to raise capital.
ZAR X CEO Etienne Nel, says it is a momentous occasion for the inclusion of lower-income individuals who otherwise have limited opportunities to participate in South Africa’s equities investment landscape.