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Showing posts with the label President Cyril Ramaphosa

Stage Zero poised to radically disrupt unreliable residential power supply market

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Vivica Group, which was established by bringing powerhouse local brands such as Vox, Frogfoot, Everlytic and Braintree into the same group as innovative high-growth start-ups such as Guardian Eye, Armata, Qwerti and HYPA, has launched Stage Zero, a power utility provider which is poised to radically overhaul how South African households are forced to deal with Eskom and local municipality unreliability.   President Cyril Ramaphosa said in the second week of October that the country had turned the corner regarding loadshedding with the restart of another generating unit at Kusile. However, estimates suggest that the country’s energy availability factor (EAF) could decline as much as 25% by 2028. For reference, Nigeria’s EAF declined to 32.8% resulting in the grid collapsing four times. A collapsed grid requires a cold start which can take days or weeks. The fact remains that South Africa is not out of woods and the power crisis will linger for time to come.   Stage Zero is not ...

CANON SOUTH AFRICA PLEDGES ITS SUPPORT FOR YES4YOUTH

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The YES initiative is the perfect embodiment of Canon’s corporate philosophy of Kyosei and the spirit of cooperation, says Canon South Africa’s Human Resources Director, Christine Masinga.   According to Statistics South Africa, it was estimated that 2.5 million youths under the age of 34 were unemployed in South Africa between April and June 2020. It’s a harrowing figure; however, there is a glimmer of hope shining on the horizon.   Thanks to the Youth Employment Service (YES), which was launched by President Cyril Ramaphosa in 2018, business is now becoming the most powerful driver of transformation and growth for the great reset. By creating critical work experience for young people around the country, it’s already resulted in over 50,000 work experiences for previously unemployed youths and deployed over R2.8 billion into the economy.    For businesses, it has also helped unlock unparalleled B-BBEE benefits, while aiding the next generation of South Africa’s work...