Daily Archives: May 20, 2018

VOLVO INVESTS IN YOUTH EMPLOYMENT INITIATIVE AT SOUTH AFRICA PLANT

DURBAN– Responding to President Cyril Ramaphosa’s Thuma Mina (Youth Employment Service, or YES) initiative, the Volvo Group Southern Africa is introducing a youth employment initiative at which was unveiled Saturday in its assembly plant in Durban to help address South Africa’s high unemployment rate among the youth.

Since 2015, Volvo Group Southern Africa has invested more than 86 million Rand (about 6.7 million US dollars) on apprenticeship training, automotive industry learnerships, disabled persons’ learnerships, as well as internships. This year, President of Volvo Group Southern Africa TorbjAlrn Christensson said, the company is investing another 25 million Rand as part of the Youth Employment Service (YES), which will target Technical Vocational Education and Training (TVET) college students.

During the course of the year, the company will also establish a specialised Driver Training Academy to address the shortage of skilled drivers in the region, at an investment of 1.4 million Rand and also continuing with their involvement in Star for Life, a non-profit organization that aims to provide young people in southern Africa with essential life skills, sports training and health education to the tune of 7.8 million Rand.

Volvo’s initiative is in line with the YES initiative led by President Ramaphosa. Launched in March, between business, government, labour and civil society, to create one-year paid positions for youth aged between 18 and 35 with a minimum paid stipend of 3,500 Rand a month.

Christensson said Volvo believes in the future of South Africa, especially in the youth and the endless potential they hold. As a global company, with a strong commitment to the success of South Africa, we also support government’s initiative to focus on youth development as is envisioned in initiatives such as the proposed Youth Employment Service, Christensson said.

Source: NAM NEWS NETWORK

ALL SOUTH AFRICANS URGED TO BE COUNTRY’S INVESTMENT ENVOYS

DURBAN– President Cyril Ramaphosa has appealed to business people, labour leaders and ordinary South Africans to become investment envoys as part of his plan to attract more than 1.2 trillion Rand (about 94 billion US dollars) worth of investment to South Africa over the next five years.

We want to encourage corporates not only to expand their operations but also to persuade their counterparts across the world to invest in the South African economy. We want to cultivate a huge cohort of investment envoys that understand the economy, that can see the opportunities and that can direct potential investors to where they can find assistance, President Ramaphosa said on Saturday.

The president was speaking at the Volvo Group Southern Africa’s Youth Employment Initiative event held in Durban in KwaZulu-Natal Province. Volvo’s initiative is in line with the Youth Employment Service (YES) launched by the government in March.

The initiative takes the form of a partnership — led by President Ramaphosa — between government, business, labour and civil society. It aims to see more than one million young South Africans being offered paid work experience over the next three years as part of placing the needs and opportunities of young people at the centre of inclusive economic growth.

President Ramaphosa told the delegates, who included matriculation and Technical Vocational Education and Training (TVET) students, that the government was this year making a major push to encourage significant new investment to the economy. This investment must create much the needed employment opportunities.

These will ensure that the South African economy grows and becomes more productive, companies invest on a far greater scale, workers are better equipped and economic infrastructure is expanded as announced during the State of the Nation Address in February.

On Saturday, the President also announced that government will undertake to build further on the collaboration with business and labour to restore confidence and prevent any further decline in our sovereign rating. This would involve making hard decisions to close our fiscal gap, by stabilising our debt and restoring our state-owned enterprises to health, he said.

President Ramaphosa has been hard at work in to fulfil this dream through initiatives such as the investment conference to be held in October, as well as the appointment of four special envoys on investment to engage both domestic and foreign investors around economic opportunities in South Africa.

We have deployed four special envoys on investment to meet with potential investors, to brief them on the advantages of investing in South Africa, and to alert them to the many diverse opportunities that exist across the economy, President Ramaphosa said.

He said South Africa is concentrating on the types of investment that will not only create employment but add value to the natural resources that the country has in abundance.

We are concentrating on the types of investment that will create shared value, producing sustainable financial gains for investors and broader benefits for their employees, suppliers, communities and other stakeholders, the president said.

We are working to address the decline over many years of our manufacturing capacity, which has deeply affected employment and exports. We are working to re-industrialise on a scale and at a pace that draws millions of job seekers into the economy.”

Source: NAM NEWS NETWORK

Minister Ayanda Dlodlo briefs media on Public Sector Wage negotiations, 21 May

Minister for the Public Service and Administration, Ms Ayanda Dlodlo will tomorrow host a media briefing to formally announce Government position on the conclusion of the Public Sector Wage negotiations. The briefing follows conclusion of the Public Service Coordinating Bargaining Council Wage negotiation processes.

Source: Government of South Africa

Minister of Foreign Affairs Nikos Kotzias on visit to the United States of America (Washington, D.C.-New York City 21-25 May 2018)

The Minister of Foreign Affairs, Nikos Kotzias, will meet in Washington D.C., on Monday, 21 May, with the Secretary of State of the United States of America, Michael Pompeo. Discussion will focus on issues concerning bilateral relations and matters of regional interest, with emphasis on the developments in the Eastern Mediterranean. A meeting with Assistant Secretary of State Wess Mitchell will take place earlier.

On Tuesday, 22 May, Mr. Kotzias will meet with the U.S. President’s National SecurityAdvisor, John Bolton.

Mr. Kotzias will also have meetings with leading members of the U.S. Congress, including the Co-chairs of the Congressional Hellenic Caucus and the Congressional Hellenic Israeli Alliance (CHIA), and representatives of the academic community.

He will then travel to New York City, where, on Wednesday, 23 May, he will meet with the Secretary-General of the UN, Antonio Guterres. The talks will focus on the latest developments in the Cyprus issue and on the ongoing negotiations on the resolution the fYROM name issue. Progress in the UN reforms will also be discussed.

On the same day, the Minister of Foreign Affairs will have a working luncheon with the President of the UN General Assembly and Minister of Foreign Affairs of Slovakia, Miroslav Lajcak.

On Thursday and Friday, 24 and 25 May, in New York City, the Minister of Foreign Affairs will meet anew with his fYROM counterpart, Nikola Dimitrov, with the UN Secretary-General’s personal envoy, Matthew Nimetz, in attendance.

Source: Ministry of Foreign Affairs of the Hellenic Republic

Minister of Foreign Affairs Nikos Kotzias on visit to the United States of America (Washington, D.C.-New York City 21-25 May 2018)

The Minister of Foreign Affairs, Nikos Kotzias, will meet in Washington D.C., on Monday, 21 May, with the Secretary of State of the United States of America, Michael Pompeo. Discussion will focus on issues concerning bilateral relations and matters of regional interest, with emphasis on the developments in the Eastern Mediterranean. A meeting with Assistant Secretary of State Wess Mitchell will take place earlier.

On Tuesday, 22 May, Mr. Kotzias will meet with the U.S. President’s National SecurityAdvisor, John Bolton.

Mr. Kotzias will also have meetings with leading members of the U.S. Congress, including the Co-chairs of the Congressional Hellenic Caucus and the Congressional Hellenic Israeli Alliance (CHIA), and representatives of the academic community.

He will then travel to New York City, where, on Wednesday, 23 May, he will meet with the Secretary-General of the UN, Antonio Guterres. The talks will focus on the latest developments in the Cyprus issue and on the ongoing negotiations on the resolution the fYROM name issue. Progress in the UN reforms will also be discussed.

On the same day, the Minister of Foreign Affairs will have a working luncheon with the President of the UN General Assembly and Minister of Foreign Affairs of Slovakia, Miroslav Lajcak.

On Thursday and Friday, 24 and 25 May, in New York City, the Minister of Foreign Affairs will meet anew with his fYROM counterpart, Nikola Dimitrov, with the UN Secretary-General’s personal envoy, Matthew Nimetz, in attendance.

Source: Ministry of Foreign Affairs of the Hellenic Republic