Business News

Finland launches International Gender Equality Prize
Finland prides itself on its take on gender issues, and the fact that women and men participate in all levels of society. The country’s free education system, which covers everything from elementary school to post-doc programmes, offers the Finns educational opportunities seldom seen elsewhere.


IBM Launches “Digital – Nation Africa
IBM is investing $70 million (approximately ZAR 945 million) in building much-needed digital, cloud, and cognitive IT skills to help support a 21st century workforce in Africa.

Govt Approves $40 Million to Construct Nigeria-Cameroun Border Link Bridge
The Minister for Power, Works and Housing, Babatunde Fashola, announced after the conclusion of the Federal Executive Council meeting at which the Acting President, Yemi Osinbajo, presided.

Invitation For The Public To Comment On The Regulations In Terms Of The Protection Of Investment Act
I, Dr Rob Davies, Minister of Trade and Industry, hereby publish the Regulations on
Mediation Rules in terms of the Protection of Investment Act, for broader public
comments.

Government Tender Bulletin
Download the latest government tender bulletin for Government printing works.

Venture Capital Fund
The Department of Arts and Culture has advised that Venture Capital Fund applications now open for submission for the period April 2016 to March 2019. Interested and eligible institutions and companies are invited to lodge applications and proposals for possible financial support from the Department.

Comment on the King IV Report
The Institute of Directors (IOD) has published the Draft King IV Report for comment. Deloitte has provided SACCI with their assessment of the impact of the proposals regarding ethical leadership and the governance of ethics, a copy of which is attached for reference. Several other consulting companies have prepared inputs which have been posted on the relevant websites.

The Draft King IV Report explains the governance of ethics as the role of the Board in ensuring that the ethical culture within the organisation is aligned to the tone set by the Board through the implementation of appropriate policies and practices.

The closing date for comments is 15 May 2016.

To submit comments please go to the website of the Institute of Directors at http://www.iodsa.co.za/page/KingIVcommentprocess.

ComBigaS kickstarts Danish biogas adventure in South Africa
In April this year, Danish company ComBiGas in cooperation with local Bosch Projects finished building its Bio2Watt project, the biggest biogas plant in South Africa, producing 4.4 MW.

Current international issues
Information on current international issues in Finnish provided by FinnCham.

Finland reaches for the solar switch
A project aimed at changing attitudes about solar power – as well as its financing and legislation – involves Aalto University, the city of Helsinki and more than 40 Finnish companies and other partners.

When China Sneezes Africa Catches A Cold
China has become the major development partner of sub-Saharan Africa. It is now the subcontinent’s largest single trading partner and a key investor and provider of aid.

Africa’s Economies Under Lots Of Pressure
This coming year the decline in global assets spurred by the slowing of China’s economy will be felt in most sub-Saharan countries. Already this year African stocks have lost substantial amount of money for investors including Kenyan and Nigerian equities which languish in bear markets on concern slower economic growth will dent corporate earnings.

Official visit by HRH the Crown Prince of Denmark
The visit will take place from the 2nd to 4th November 2015 and presents an array of export promotion activities for participating companies. The Standard Program for the participating companies starts on 1 November and finishes on 4 November, and contains seminars, workshops, networking events and site visits that are structured into individual sector programs. Preliminary indications from Danish companies have shown a huge interest for the visit. 

Eurochamber of Southern Africa
Though not formally launched, the chamber has had its first meetings. The chamber’s purpose is to lobby on a EU policy level and to raise business issues to be discussed in EU.

South Africa is open for business
The Embassy hosted together with the South African department of Trade and Industry on April 22nd a seminar on incentives and regulations concerning business and investment opportunities in South Africa.

Norwegian business gearing up in KwaZulu-Natal
The Norwegian ambassador Trine Skymoen recently spent two days in Durban visiting Norwegian companies, meeting with the Mayor of eThekwini, the Port Authority and with the Maritime Cluster.

Norwegian hunting knife on the South African market
The Norwegian knife producer Helle launched their new knife in South Africa last week.

Danish IT Cooling with Groundwater Can Become New Export Adventure
Recently, Interxion started using a unique groundwater system for cooling its data centre in Ballerup of 3,500 square metres. The solution, developed by the consultancy firm Geo in collaboration with Grundfos, can become the starting signal for a new, Danish export adventure in green technology.

Vestas to deliver wind turbines for new REI4P projects
Danish wind company Vestas likely to assist in the delivery of new wind turbines in South African totalling a capacity of 245 megawatt.

Illicit financial flows costing Africa billions
Illicit financial flows from Africa are a large and growing problem. Averaging 4% of gross domestic product they are outstripping foreign direct investment and official development aid to the continent.

Notice To All Exporters To Zimbabwe And Clearing Agents
The Government of Zimbabwe would like to inform the general public and business community in particular, that a programme to have consignments verified in the country of export has been put in place. The CBCA (Consignment Based Conformity Assessment) programme is intended to substantially reduce hazardous and substandard imported products and improve Customs duty collection.

Beat Load Shedding! Thinking Off-Grid?
Back Up Power with Easy Upgrade to Free Solar Electricity
BackOn from UVAL offers homeowners and SME’s (Small and Medium-sized Enterprises) a modular solution that beats load shedding and the increasing cost of electricity.

Funding and technical partnership wanted
Brightwater Aquaculture, a South African based mariculture company is looking for funding and technical partnership for a 500 ton dusky kob (Argyrosomus japonicus) grow-out facility to be based in the East London, Industrial Development Zone, Eastern Cape. The facility aims to produce market size dusky kob using on-land recirculating aquaculture systems. The farm will be a scalable venture that will initially produce around 500 tons per year, ramping up production to +1 000 tons over a period of 5 years. We have secured some funding for the construction and operation and invite you to join us Lyall Welgemoed phone +27 844 343 168 emaillyall@brightwateraqua.co.za

Danish design and architecture in Cape Town
Her Royal Highness Crown Princess Mary of Denmark and His Excellency Minister of Trade and Development Cooperation, Mr Mogens Jensen are visiting South Africa, and will be in Cape Town to open the Embassy of Denmark’s “Danish Showroom for Design, Architecture, and Consumer Goods” on November 3, 2014.

FinnCham survey results
The survey conducted in 2014 shows that FinnCham network is able provide their member companies with services and sometimes even non-members despite of very limited resources.

SACCI gravely concerned about immigration regulations
In a statement issued today the CEO of SACCI, Mr.Neren Rau, said that the new immigration regulations would have a significant damaging impact on South African business.

New B-BBEE codes: implementation pushed
The transition period for implementation of the new B-BBEE codes has been extended by half a year until April next year.

Billions to Improve Global Environment and Prevent Climate Change (April)
Among 29 other donor countries, Denmark has pledged 435 million DKK to improve the global environment & prevent climate change.

Sustainable Growth on the Agenda (Feb)
Denmark is putting the spotlight on sustainability and growth at the World Design Capital 2014 in Cape Town.
In the upcoming weeks, Danish design industries and designers will be launching a number of initiatives, conference programs and exhibitions with a special focus on designing sustainable growth.

Africa Energy Indaba (Feb)
The Africa Energy Indaba takes place 18-20 February in Sandton Convention Centre. The conference brings together international and continental experts to share their insights and solutions to Africa’s energy crisis, while simultaneously exploring the vast energy development opportunities on offer in Africa.

Copenhagen Solutions (Feb)
The exhibition ”Copenhagen Solutions” will be on public display in Cape Town from 8th to 12th February 2014.

Application deadline extended (Jan)
To meet the requests from many interested partners, the Embassy and WWF have decided to extend the application deadline for water sector PPP projects: New deadline 28 February 2014.

OPEX Africa 2014 (Jan)
In just 2 days, the 3rd Annual OPEX in Financial Servces – Africa 2014, will aim to brainstorm solutions options to achieve the optimum capacity in terms of achieving operations across banking processes.

Find  Investor through Occasio Ltd. (Jan)
Together with Finnpartnership, Finnish government funded programme, Occasio is calling for companies that are interested in international partnerships, distribution channels or investors,  to register with Occasio in order to identify partners or funding from its database in Finland.

New OECD report (Jan)
The Organisation for Economic Co-operation and Development (OECD) sees Norway as an important donor that takes a long-term approach and provides a high level of aid.

NSBA Donation (Dec)
The Board of Directors has decided to donate R5000 to the Kathrada Foundation.

FinnCham
Information on current international issues  provided in Finnish.

Denmark blows some power into SA’s wind industry (Oct)
Denmark, which is working closely with South Africa on its wind energy programme, believes the African country can become the hub of wind power in Africa.

Nordea Investment Seminar (Sep)
Tuesday 17 September 2013 at Saxon Boutique Hotel, Johannesburg.
Jørgen Jakobsen, Chief Strategist and Head of Nordea Bank S.A.’s Investment Department, will consider various scenarios and propose ways in which investors can prepare themselves for the withdrawal of the Fed’s stimulus measures.

Social Innovation Camp 2013 (Aug)
Funded by Denmark, the African Leadership Academy in Johannesburg held a week long Social Innovation Camp for young South Africans. Working in teams at the camp, the attendees learned how to formulate, evaluate and prototype ideas for businesses and organizations.

Vestas wins order in South Africa (July)
Vestas has secured a 93 MW order for a project in South Africa. The Danish windmill company is to deliver 31 of its V112-3,0 MW turbines for the Tsitsikamma Community-windfarm near Port Elisabeth outside the country’s south coast.

Denmark Supports African Entrepreneurship (May)
Funded by Denmark, the Startup Africa event in Cape Town provided three days of mentoring and incubation fundamentals to sixty South African entrepreneurs, selected from a thousand applicants.

Positive development in Africa is also good for Sweden (May)
This week, world leaders in business, politics, research and civil society will gather in Cape Town, South Africa, for the World Economic Forum on Africa.

PDC between Sonke Gender Justice and Men for Gender Equality (May)
Sonke Gender Justice from South Africa and Men for Gender Equality from Sweden created a partnership to develop MenCare gender equitable fatherhood campaigns in three sites in three countries in Southern Africa.

Danish design going global (April)
Danish design is alive and kicking. Today, the UN headquarters in New York will re-open having been redesigned by Danish designers and in Italy, Danish design is also solidifying its prominent place at the world’s leading design- and furniture trade exhibition, Salone del Mobile.

New Danish consulting service launched (April)
The service  is created for Danish exporters and aimed at assisting them to secure financing for their exports. Danish companies and their customers often require more knowledge of the financing options available to them from Denmark, as well as locally and internationally. This applies in particular to small and medium-sized enterprises.

Copenhagen Royal Chapel Choir on tour in South Africa (April) 
The  Copenhagen Royal Chapel Choir, under the patronage of his Royal Highness the Prince Consort of Denmark, will embark on a tour throughout South Africa performing in six cities.

Norway doubles funding to the International Labour Organization (April)
The Norwegian Government is making a historical commitment to promote better working conditions for people in developing countries through the ILO.

First online information portal for South Africa wind power launched (March) 
South Africa’s first online resource for wind power, Powered by Wind, has been launched by the South African Department of Energy in partnership with the Embassy of Denmark in South Africa.

Sweden signs two new contracts with SA
On 23 January 2013 the Embassy of Sweden signed two new contracts with South African non-profit organisations, the South African Business Coalition on HIV & AIDS (SABCOHA) and Shout-it-Now.

The next supermodel
SMALLISH countries are often in the vanguard when it comes to reforming government. In the 1980s Britain was out in the lead, thanks to Thatcherism and privatisation. Tiny Singapore has long been a role model for many reformers. Now the Nordic countries are likely to assume a similar role.

Danish partner voted best in Sub-Saharan Africa
Since 2010, Denmark and the South African Institute of International Affairs (SAIIA)have been cooperating towards regional peace, security and economic integration in sub-Saharan Africa, as part of the Danish Regional Programme.

We are open for business
On February 5th the Danish Ambassador, René Rosager Dinesen, attended the seminar “New Ambassadors – New Brooms” organised by the Nordic-South African Business Association at the Radission Blu Hotel in Johannesburg.

The future of Africa – development and security
Background paper (PDF) for talk given by Dr Jackie Cilliers in London.

New Swedish Ambassador
Anders Hagelberg was appointed Sweden’s new Ambassador to South Africa, on 29 January 2013 when he presented his Credentials to President Jacob Zuma.

Norway says yes to green energy in South Africa
The Norwegian company Scatec Solar is currently in agreement with the Norwegian Investment Fund for Developing Countries, also referred to as Norfund, about investment in solar photo voltaic projects in South Africa.

Business Sweden strengthens Sweden’s trade 
Today Business Sweden is launched – a merger between the Swedish Trade Council and Invest Sweden. The result is a strong and effective organization with the aim to strengthen the image of Sweden as an attractive, innovative and competitive business partner.

Transparency International – Denmark is the Least Corrupt Country in the World
Denmark is again in 2012 one of the best ranked countries in Transparency International’s study of corruption worldwide.

African Consumers underestimated by Western Firms
Western companies operating in Africa have long underestimated the continent’s consumers, according to a top executive in one of the world’s biggest consumer goods groups.

Africa: Trade Barriers Cost Africa US.$20 Billions Yearly
African states including the East African Community (EAC) member states have been urged to dismantle trade barriers in a move that would enable them to generate an extra $20bn earnings per annum.

Exhibition of Nobel Peace Laureates opening
The Norwegian Ambassador to South Africa, Kari Bjørnsgaard, opened an exhibition of Nobel Peace Laureates at the Peacemaker Museum in Johannesburg on 22nd of October.

Radiometer Opens in South Africa
On Tuesday 23 October 2012, Radiometer held the official opening ceremony for their new subsidiary established in South Africa.

DK Ambassador Meets Zuma
René Rosager Dinesen, the new Danish Ambassador in South Africa, delivered his letter of credentials from Her Majesty the Queen of Denmark to His Excellence President Jacob Zuma on 3 September 2012.

Prequalification for Research Grants
Within the framework of Danish development cooperation, the Ministry of Foreign Affairs (MFA) hereby invites Phase 1 applications (prequalification) for research grants related to development research.

Contact Finland Directory
Finding the right contact is often the first step in doing business. The Finland Chamber of Commerce publishes Contact Finland Directory, which is the only Finnish business directory that is regularly updated and completely free of charge.

Investment in Hydro Power
UNESCO has urged investors to channel their funds toward harnessing Africa’s hydro power potential to boost the continent’s economy.

Face the Climate
The Swedish Embassy together with the Swedish Institute is launching the “The Facing the Climate” exhibition series that has been staged in a number of cities around the world. It is now in South Africa and the exhibition starts off in Cape Town on the 28th of September.

Huge Investment Opportunity
According to the Swedfund Report, the economic growth will be high in the Sub-Saharan Africa for many years to come.

Networks Abroad
A discussion event for expatriate Finns and Finnish small to medium sized businesses
“Networks abroad – the export power of expatriate Finns” October 25, 2012 at 14:00 to 16:00
World Trade Center Helsinki, Aleksanterinkatu 17, 2nd floor.

 

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