Connect with us

Politics

‘We Can’t Just Sit At Home’

The private sector and government are joining hands to create jobs in Africa’s richest province.

Published

on

More black industrialists and entrepreneurs are needed to save Africa’s richest province. So says Paul Mashatile, the political head of African National Congress in Gauteng, South Africa.

“We want more black industrialists who will run businesses and factories. We don’t want people who are happy with equity (deals) there and there. We want people who can create employment. Jobs are critical in this country. We need to make sure this empowerment is not just people sitting at home because they own shares in companies,” says Mashatile, the provincial chairperson of the ruling party, the African National Congress (ANC), and former Gauteng premier.

It has been tough times for Gauteng, the province that is home to Johannesburg. In recent years, it has seen the closure of gold mines, high youth unemployment and service delivery protests.

“In Gauteng province the emphasis is the transformation of the economy through modernization and re-industrialization. For the South African economy to grow, the Gauteng province has to grow faster – above the levels of four to six percent – and then you can drive growth nationally. The focus in the next five years has to be on the transformation of the economy. We want to be part of the re-industrialization on the continent. People are talking about Africa rising and we think Gauteng should be the gateway into the continent, to ensure that we are part of this growth on the continent,” says Mashatile.

With the gold mining prospects in decline in the West Rand region of Johannesburg, Mashatile says alternative economic plans are underway.

“Because mining is on the decline in the West Rand, so we have decided to put more emphasis on the green economy,” he says.

Mashatile says the province has partnered with the private sector and institutions of higher learning to train unemployed youth.

“There are a lot of young people in the townships that are graduates who are unemployed. We are turning them into entrepreneurs; now we start hearing about the township economy that is absorbing a lot of youth,” he says.

David Makhura, the Premier of Gauteng, in his state of the province address in February, said private investment in mixed residential property developments – in places such as Rietfontein, Modderfontein and Midrand – will create about 260,000 jobs in the next 20 years at a cost of $13 billion.

Shanghai Zendai, a Chinese company, in September launched the first phase of the $6.2-billion infrastructure development of residential, industrial and commercial space in Modderfontein, east of Johannesburg.

Billionaires

Elon Musk, Kim Kardashian Endorse Kanye West Running For President

Published

on

By

After years of hints, Kanye West formally announced he is running for president this year in a challenge to Trump, who he once supported, and Democratic rival Joe Biden, winning support from his friend and Tesla CEO Elon Musk.

KEY FACTS

  • Rounding off his Fourth of July, West tweeted on Saturday night: “We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States! #2020VISION.”
  • Musk tweeted in response: “You have my full support!”
  • Wife Kim Kardashian also publicly pledged her support, retweeting West’s statement and adding a U.S. flag emoji.
  • West’s announcement follows years of hints that he would run for office this year which he later postponed to 2024, after publicly declaring at a Fast Company event in 2019: “When I run for president in 2024…We would create so many jobs! I’m not going to run, I’m going to walk.”
  • But the rapper, who recently inked a 10-year deal with Gap through his Yeezy brand, is reportedly yet to file any paperwork to get on state election ballots, while he has missed the deadline for states including Texas, New York, and Indiana.
  • It is not known how serious West’s intentions are this time around, however, he still has time to file as an independent candidate across most states, according to Ballotpedia.
  • West’s declaration was met with skepticism on social media, while some commentators pointed out that it could work out in Trump’s favour.

KEY BACKGROUND

West’s declaration suggests the rapper is looking to cement political ambitions he has expressed throughout Trump’s presidency. West previously forged alliances with Trump, and was pictured in the Oval Office in 2018 wearing a signature Trump ‘Make America Great Again’ cap. He once called the president his “brother” and previously hit back at criticism towards his support for Trump, likening the backlash to racial discrimination. Although he says he didn’t vote in 2016, West later said he “would have voted for Trump”, and earlier this year doubled down, suggesting he would vote for him in November. But that could very well change given Saturday’s announcement.

American rapper and producer Kanye West embraces real estate developer and US President Donald Trump in the White House’s Oval Office, Washington DC, October 11, 2018. West wears a red baseball cap that reads ‘Make America Great Again,’ Trump’s campaign slogan. (Photo by Ron Sachs/Consolidated News Pictures/Getty Images)

TANGENT

West and Musk were pictured together on July 1st, with West tweeting: “When you go to your boys [sic] house and you’re both wearing orange.”

Isabel Togoh, Forbes Staff, Business

Continue Reading

Current Affairs

Burundi’s President Pierre Nkurunziza Has Died

Published

on

This is a developing story.

Burundi’s President Pierre Nkurunziza has died, the government of the Republic of Burundi announced in a statement that was posted on their twitter account.

“The Government of the Republic of Burundi announces with great sadness the unexpected death of His Excellency Pierre Nkurunziza, President of the Republic of Burundi, at the Karusi Fiftieth Anniversary Hospital following a cardiac arrest on June 8, 2020,”

Continue Reading

Current Affairs

Ethiopia’s First Female President On Plans To Combat Covid-19 And Resuscitate The Economy

Published

on

Ethiopia’s first female president, Sahle-Work Zewde, spoke to FORBES AFRICA’s Managing Editor, Renuka Methil, on the country’s plans to combat Covid-19 and resuscitate one of the fastest growing economies in Africa.

Zewde, listed as one of Africa’s ‘50 Most Powerful Women’ in the March issue of FORBES AFRICA, says while the virus didn’t warrant the nation going into complete lockdown, it has hit some sectors of the East African country’s economy, affecting its GDP growth.

In early May, the government announced a package to bolster healthcare spending, food distribution, rebuild SMMEs, etc to support the country’s most vulnerable. Zewde also shares her views on women in the front lines, as well as reimagining education.

Continue Reading

Trending