Johannesburg – Bungeni http://bungeni.org/ Thu, 30 Jun 2022 11:54:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://bungeni.org/wp-content/uploads/2021/05/bungeni-icon-150x150.png Johannesburg – Bungeni http://bungeni.org/ 32 32 ​Abby Nurock in The Lab Johannesburg – The Lab https://bungeni.org/2022/06/30/abby-nurock-in-the-lab-johannesburg-the-lab/ Thu, 30 Jun 2022 11:19:25 +0000 https://bungeni.org/2022/06/30/abby-nurock-in-the-lab-johannesburg-the-lab/

The Johannesburg Lab is Mixmag and Budweiser’s weekly live event where we feature top DJs at the iconic rooftop bar place thirteenoverlooking star-studded Johannesburg.

On Wednesday, July 6, we are delighted to present Abby Nurock as well as special guests ROZ and Avi Subban. Subscribe to the guest list here.

In her 20th year as a record player, Abby Nurock joins us at Lab Johannesburg to play a strictly vinyl-only set next week alongside two aspiring Joburg-based musicians. With an eclectic taste for electronic groovers and a stacked vinyl collection boasting two decades of crate digging, Abby Nurock’s versatility as a DJ and picker comes true in both her varied mixes and her on-stage sets. crowd-pleasers, both of which earned him a regular spot on South Africa 5FMand major gigs alongside some of the hottest names in dance music.

The stage warm-up for Abby Nurock is Port Elizabeth’s ROZ. Fusing house and R&B, ROZ knows how to rock a dance floor when she hits the decks – and her universally adored sets have seen her perform alongside artists including South African legend Black Coffee. Next on the warm-up bill, Avi Subban is about to spin some heaters ahead of our featured number. Originally from Joburg, Avi covers everything from deep house to jazz, techno and soul in his large, surefire sets. Catch three spectacular artists in the Lab this week and join the guest list here.

For more on upcoming events, click here and follow the post-event stream on Thursday, July 7 at 8 p.m. SAST (7 p.m. BST). Connect to our Facebook page and on Mixmag TV.

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First quarter employment increased by 42,000 jobs https://bungeni.org/2022/06/28/first-quarter-employment-increased-by-42000-jobs/ Tue, 28 Jun 2022 10:49:46 +0000 https://bungeni.org/2022/06/28/first-quarter-employment-increased-by-42000-jobs/

First quarter employment increased by 42,000 jobs – Stats SA

This signals a 0.4% increase from the fourth quarter of last year.

FILE: Unemployed builders, tilers and plumbers hold placards looking for jobs on the side of the road in Johannesburg in November 2019. Photo: AFP

JOHANNESBURG – Stats SA said employment rose by 42,000 jobs in the first quarter of the year, with part-time employment saving the day.

Quarterly employment statistics also showed that 200,000 jobs were gained during the period under review compared to the same period last year.

The data is based on a business sample survey and collects information from 20,000 businesses with an annual turnover of over R300,000.

The country’s private sector employed 10.1 million people in the first three months of the year, excluding agriculture, informal businesses and domestic services.

This signals a 0.4% increase from the fourth quarter of last year.

Over one year, jobs increased by 2%.

However, there remains a large and glaring gap between full-time and part-time employment.

Of the 42,000 jobs gained in the first quarter, the majority, or 41,000, were part-time, while full-time jobs rose by 1,000.

The largest increases were in community services, followed by manufacturing.

The quarterly employment survey covers trends in mining, business services, construction and transportation, among others.

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#LoveTheRun with Totalsports Women’s Race OR Totalsports Women’s Race: support the locals and wear pink for a good cause https://bungeni.org/2022/06/26/lovetherun-with-totalsports-womens-race-or-totalsports-womens-race-support-the-locals-and-wear-pink-for-a-good-cause/ Sun, 26 Jun 2022 13:19:33 +0000 https://bungeni.org/2022/06/26/lovetherun-with-totalsports-womens-race-or-totalsports-womens-race-support-the-locals-and-wear-pink-for-a-good-cause/

The Totalsports Women’s Run, considered South Africa‘s biggest Women’s Day sports celebration, will take place in three cities (Cape Town, Johannesburg and Durban) on National Women’s Day (Tuesday 9 August 2022) and title sponsor Totalsports is delighted to announce that each participant will receive an official event t-shirt which has been produced locally by TFG’s Prestige Clothing.

“The Totalsports Women’s Race is known for its vibrant pink t-shirts and this year we are extremely proud that all t-shirts have been produced locally by TFG’s Prestige Clothing,” confirmed Totalsports Manager Jonathan Stein.

Online registration opened on Tuesday May 17 and will end on Tuesday July 26. Enter via www.totalsportswomensrace.co.za.

“Five Prestige Clothing Durban production lines, staffed by 95 employees, have produced the 21,000 T-shirts that runners and walkers will wear across the three cities on National Women’s Day. It’s especially fitting that 91 of the employees are women and that the running shirts were made by women, for women, in honor of all women in the country.

We are thrilled to see thousands of women proudly wearing their pink event t-shirts on event day to support PinkDrive #LoveTheRun with the Totalsports Women’s Race.

“As a local manufacturer, we are very pleased to produce the t-shirts for a well-known and much-loved local event,” said Graham Choice Head: TFG Design Centre, TFG Manufacturing and Prestige Clothing.

“It gives our team a sense of pride to see the clothes we’ve produced, worn by so many amazing women on National Women’s Day. We are especially proud to see some of our own ladies wearing the T-shirts on race day. When you run (or walk) your race, know that we have your back all the way.

Totalsports Women’s Race proudly supports PinkDrive, a non-profit corporation (NPC) committed to improving breast cancer awareness, education, and providing and offering free services to the medically uninsured across the world. ‘South Africa. PinkDrive will be present at the Totalsports Women’s Run in Cape Town, Johannesburg and Durban, offering free clinical breast exams and educating on the importance of breast self-examination.

For more information about PinkDrive, visit www.pinkdrive.co.za. For more information or to participate in the Totalsports Women’s Race, visit www.totalsportswomensrace.co.za.

Siphokazi Nkabane sewing the t-shirts for the Totalsports Women’s Race 2022 event. Photo: GFT
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Taps in the Eastern Cape of South Africa are going dry https://bungeni.org/2022/06/24/taps-in-the-eastern-cape-of-south-africa-are-going-dry/ Fri, 24 Jun 2022 17:48:40 +0000 https://bungeni.org/2022/06/24/taps-in-the-eastern-cape-of-south-africa-are-going-dry/

South Africans living in the Eastern Cape are counting down to ‘day zero’ when the taps in the Nelson Mandela Bay area will dry up. Experts say climate change-induced drought has left reservoirs nearly empty, while municipal mismanagement is forcing city officials to scramble to plug more than 3,000 leaky water pipes.

Sixty-eight-year-old Virginia Kima, a grandmother of five, lives in KwaNobuhle, an impoverished township in an area named after South Africa‘s greatest hero and first black president, Nelson Mandela Bay.

But life is tough these days, she says.

“Sometimes we go for about two or three days without water,” she said. “When there is no water, we go and get water elsewhere.”

Kima told VOA that when the taps run dry, she walks 25 minutes to a school to refill bottles.

The Bay Area suffers from a severe water shortage. Authorities said the dam’s regional water storage is at around 11% capacity and could be on the verge of getting worse.

At the current rate of use, two large reservoirs could run out completely in a matter of days. If this happened, 40% of the city of Gqeberha, with a population of around one million, would be affected.

Luvuyo Bangazi, spokesperson for the government’s shortage committee, told VOA that authorities were rushing to prevent “day zero”, when they ran out of water.

“As for the exact day zero date, you know we really can’t have such a date in the calendar because there are a lot of moving parts,” he said. “We are doing everything in our power to prevent the taps from running dry.”

Bangazi said there were several reasons for the low water levels – both natural and man-made.

“We haven’t had good rains in over seven years and we’ve had a big increase in water usage across all sectors, be it residential, commercial or otherwise,” he said. “So compounding this with obviously struggling infrastructure that is causing serious water leaks…nearly 25-30% of our water [is] be lost due to water leaks caused by failing infrastructure.

More than 3,000 leaks have been reported to city officials, who say crews are scrambling to fix them.

Bangazi said the community also needed to reduce its water consumption, which he said is 60 million liters more per day than it should be for the size of the population.

Eastern Cape, South Africa

Meanwhile, authorities are setting up communal water points and aid workers are drilling boreholes for water wells.

Mary Galvin, associate professor of development studies at the University of Johannesburg, said water scarcity shows the urgent need to tackle climate change.

“Reaching day zero is an example, or is an expression, of a climate crisis that is here to stay – with higher temperatures, greater intensity of weather events including drought and flooding. So this is another manifestation that we see across the country, across Africa and across the world.

Galvin noted that there is also a problem of water inequality in South Africa.

While Nelson Mandela Bay’s wealthier residents can dig their own boreholes and buy storage tanks, the poor here, like Grandma Kima, have to walk to find water.

The water shortage in Nelson Mandela Bay comes just years after the major South African tourist city of Cape Town narrowly avoided its own zero day.

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Fourth round Test pursuits are no longer a lackluster affair | locust https://bungeni.org/2022/06/22/fourth-round-test-pursuits-are-no-longer-a-lackluster-affair-locust/ Wed, 22 Jun 2022 18:29:30 +0000 https://bungeni.org/2022/06/22/fourth-round-test-pursuits-are-no-longer-a-lackluster-affair-locust/

In back-to-back home Tests against New Zealand, England chased 277 at Lord’s and 299 at Trent Bridge. Earlier this year, South Africa chased 240 in Johannesburg and 212 in Cape Town to bounce back from 0-1 to win the series against India. So, four times in the past six months, teams have nailed tough fourth-inning chases. The individual stick was also impressive. Four of the five highest round four scores over the past 10 years have come since 2018: 149 in 2018 (KL Rahul at The Oval), 153* (Kusal Perera (SL) at Durban) in 2019, 210* (Kyle Mayers (WI) in Chattogram) in 2021 and 196 (Babar Azam (Pak) against Australia in Karachi) in 2022.

All of these numbers raise a pertinent question: do teams beat better in the fourth inning? Since 2019, there have been 12 successful chases of over 200 targets. By comparison, there were six successful prosecutions in the 2014-18 period and 11 in 2009-13. This is a remarkable increase considering there was very little cricket in 2020 due to the pandemic. When you break down effort by year, we get a clearer picture of how teams performed. As in 2022, 14 times teams have been asked to pursue more than 200 targets and four have resulted in wins, for a success percentage of 28.6.

Even on the Intent scale, teams are approaching Testing with an open mind, as evidenced by the surge in winning at-bat percentages last – rising to 41.02% in 2019 from 20.83% in 2018, peaking to 45.45% in 2020 before stabilizing at 43.18. % in 2021. It is 39.13% over the first six months of 2022. This period contrasts sharply with previous years, dating back to 2014 (26.82% gain). This change in attitude could be due to the introduction of the two-year Test World Championship which rewards teams for wins.

You see that urgency translate into team run rates. Take for example the Trent Bridge Test where New Zealand scored 553 to 3.8 runs per over in their first innings. In response, Joe Root hit 176 with a strike rate of 83.41 to help England rack up 539, scoring at 4.14 per over. And the nail of the sleeves? The first five overs of the fourth day where England hammered 43 runs. By the time both teams had struck once, the combined run-rate was an incredible 3.98, but England had more in their tank when they moved up to 299/5 on Day 5 from the 136 to 92 bullets by Jonny Bairstow. 5.98 is the highest for any successful team chase of 200 or more targets. It was still Nottingham, one of the flattest grounds in the world and where England had posted two ODI world record totals (481/6 in 2018 and 444/3 in 2016).

But when you look back at Johannesburg, one of the fastest and toughest grounds in world cricket, and you still see South Africa running 240 at a pace of 3.59 and losing just three wickets , you begin to be convinced that this is not the case. only in the field. The four successful chases of more than 200 people were orchestrated against two of the world’s best bowling attacks – India and New Zealand – meaning points also had to be won.

All of these factors point to a well-balanced inference that the stick did indeed get better in round four of testing. And a direct validation of that is in that 29.64 fourth-inning average in 2022, the highest since 2012 when it was 31.06.

Interestingly, the four-day tests help teams beat last as the pitch would play better than the last day. South Africa won batting last against India on Day 4 in Johannesburg and Cape Town, as did England at Lord’s against New Zealand.

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We have just organized period workshops in schools in Africa https://bungeni.org/2022/06/21/we-have-just-organized-period-workshops-in-schools-in-africa/ Tue, 21 Jun 2022 07:10:30 +0000 https://bungeni.org/2022/06/21/we-have-just-organized-period-workshops-in-schools-in-africa/

In December 2018, Global Citizen Festival: Mandela 100 came to Johannesburg. This gave us thrills, good music and above all major commitments in the fight against extreme poverty. Among these, American actor, director, producer and screenwriter Tyler Perry has pledged to donate $1 million to support 50 young changemakers across the African continent.

It was the birth of Global Citizen Scholarship Program, powered by BeyGOODwhich offers young people the opportunity to gain experience working on social impact projects through a one-year paid fellowship.

So far, since its launch in 2019, the scholarship program has empowered 35 Africans – including the three of us – between the ages of 21 and 25, with the skills and tools we need to thrive – not just for our time at Global Citizen, but in all future projects. Recipients of this scholarship opportunity, powered by BeyGOOD, are also not shy about giving back to the communities that raised us.

In May this year, the young people who make up the third cohort of the fellowship, hailing from Nigeria and South Africa, embarked on a project – which we named “We Can. Period.” — to raise awareness on the issue of menstrual poverty, so common here in Africa.

As part of the “We Can. period.” project, we held workshops in schools in Lagos and Johannesburg during Menstrual Hygiene Day week on May 28. In line with Global Citizen’s 2022 campaign to Empower Girls NOWthe main objective of our project was to help girls manage their periods better, to provide free hygienic products, in particular greener menstrual products such as reusable sanitary napkins and menstrual cups, and to advocate for better menstrual health education and policy.

Partnerships and Donations

To support the project, we have partnered with UNFPA, the United Nations Population Fund, in Nigeria, and the Menstrual Project and Palesa Pads in South Africa to help leverage collective efforts to drive change real and lasting in the communities of Lagos and Johannesburg. The UNFPA Nigeria team provided 100 reusable sanitary napkins and 60 meters of cloth to the girls who participated in the school workshop.

During this time, The Menstrual Project donated more than 200 menstrual products and gave school children a 45-minute workshop based on a comprehensive curriculum that included menstrual poverty, menstrual health and management, and more. Fellows in South Africa collected 100 sanitary pads to donate to schools on the day of the workshop, and the remaining pads will be provided to the school in the coming months. Palesa Pads also did a great interactive demonstration on using reusable cloth pads which the kids absolutely loved.

Quiz action

As a citizen of the world, you know the importance we place on action. So, as part of our project, we have also launched a pan-African quiz that you can participate with us, A period shouldn’t be a complete stop in a girl’s life, find out why. The digital quiz action helps global citizens learn more about the seriousness of menstrual poverty as a global public health, human rights and socio-economic issue.

The Workshops — South Africa and Nigeria

Our first workshop took place on May 25 at the Aiyetoro Grammar School in Lagos, Nigeria, where fellows were joined by Global Citizen Champions of Change, Kiki Mordi and Seyi Oluyole. Speaking to students, Mordi and Oluyole highlighted the importance of good menstrual health management as well as the role boys can play in supporting girls during their periods.

“Boys, remember you’re meant to be a support system for your classmates,” Mordi said during his session. “If you see a girl in trouble, ask how you can help her.”

Oluyole’s session focused on her personal journey and experience with menstrual health. During her session, titled Time of Poverty: My Personal Journey, she spoke of growing up in a rural community in Lagos with limited access to sanitary products.

“I used to be like you,” she said. “If I can get to where I am today, so can you.”

Students also learned how to use reusable sanitary napkins, calculate their menstrual cycle, and advocate for better hygiene facilities in a series of sessions coordinated by BeyGOOD Fellows. At the end of the workshop, hygienic products were distributed to the students, including reusable sanitary pads donated by UNFPA, and a pad bank was set up at the school.

A few days later, in South Africa, our second workshop took place at Yeoville Community School in Johannesburg on May 27th. In addition to schoolchildren and BeyGOOD fellows in South Africa, Global Citizen Champions of Change Penny Lebyane, Amonge Sinxoto and Patricia Kihoro also joined the workshop in person; while champions of change Takkies Dinwiddy and “Menstruation Minister” Candice Chiwa supported the #WeCanPeriod campaign digitally on their social media platforms.

During the workshop, the Menstrual Project asked girls in Grades 4 and 5 (ages 10-12) what they had heard about periods. “Bad, embarrassing, disgusting,” were just a few of the girls’ responses. One student said, “I told my dad about my period, and he said it’s something I need to talk to my mom about.

The girls were then told that the negative things they had heard about periods were all part of the larger issue of stigma and taboo around menstruation, which often leads to feelings of shame or embarrassment – especially for young girls and women – when they talk. on their rules. It can also lead to the idea that periods aren’t normal or are dirty, when they’re just part of life.

This provided a great transition for Simphiwe Mahlangu from Palesa Pads, who explained in more detail the use of reusable cloth pads and how to have a healthier relationship with your period and your body. Our Change Champions, Lebyane and Kihoro, then spoke about their own personal experiences with menstruation and why they are advocating to address period poverty.

“When I was advocating for menstrual poverty in Kenya [as a part of the movement #TrekforMandela], they were surprised to learn that it is also a problem in South Africa,” said Lebyane. “And I was like, ‘Yes!’, that’s why I was climbing Kilimanjaro. To create awareness.

Previously published in the 3BL Media newsroom.

Image credit: global citizen

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South Africa welcomes Covid vaccine patent waiver https://bungeni.org/2022/06/19/south-africa-welcomes-covid-vaccine-patent-waiver/ Sun, 19 Jun 2022 10:33:11 +0000 https://bungeni.org/2022/06/19/south-africa-welcomes-covid-vaccine-patent-waiver/

Johannesburg, South Africa: South Africa on Saturday (Sunday in Manila) welcomed a World Trade Organization (WTO) agreement to allow developing countries to start producing their own Covid vaccines after a close battle two years.

“We got a deal. It was a hard-fought deal,” said Trade Minister Ebrahim Patel, who along with India and NGOs had called for a waiver of intellectual property rights over treatment linked to Covid.

The WTO on Wednesday announced a relaxation of intellectual property restrictions on vaccines in a move to provide fairer access to shots but which many observers have criticized for being limited in time and scope.

South Africa and India had both expressed their demands for such a move, which they said was necessary to end “vaccine apartheid”.

According to the WTO, 60% of the world’s population has received two doses of the Covid vaccine, but there are glaring examples of inequality with only 17% having been bitten in Libya, with only 8% in Nigeria and less than 5 in Nigeria. Cameroon.

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In a statement, the South African government welcomed a waiver aimed at giving local vaccine manufacturers the right to produce either vaccines or ingredients or components protected by patents, without the authorization of the patent holder, welcoming this as a significant step forward — even limited to five years.

Johannesburg added that “to increase production on the continent, new partnerships will be needed, including access to know-how and technologies”.

The agreement, however, excludes for the moment expensive tests and therapeutic treatments against Covid on which the WTO must decide within the next six months.

Marketing in Africa, however, will be a challenge.

Durban-based South African pharmaceutical giant Aspen, which struck a deal last November with US firm Johnson & Johnson to manufacture a “made in Africa for Africa” ​​Covid vaccine Aspenovax, said last month that he might pull the plug due to lack of controls.

“Our focus now is to ensure we meet demand by persuading global vaccine buyers to source from African producers,” Patel said.

South Africa has three sites under the Aspen umbrella in Durban, Afrigen in Cape Town and Biovac, also in Cape Town, which manufactures the Pfizer-BioNTech vaccine.

The Afrigen Biotech Consortium manufactures the Moderna formula-based messenger RNA jab, the first to be manufactured based on a widely used vaccine that does not require developer assistance and approval.

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Stats: England now have top three ODI totals https://bungeni.org/2022/06/17/stats-england-now-have-top-three-odi-totals/ Fri, 17 Jun 2022 13:46:39 +0000 https://bungeni.org/2022/06/17/stats-england-now-have-top-three-odi-totals/

ENGLAND TOUR OF THE NETHERLANDS, 2022

England now hold the top three spots for the highest ODI set totals ©Getty

All the major records England broke against the Netherlands in Amsteleevn today:

498/4 – The highest total in the history of any List A cricket topping 496/4 by Surrey against Gloucestershire at the Oval in 2007. England now hold the top three positions for the highest innings totals in the ODIs.

Highest team totals in ODIs

Total Crew Versus Venue Date
498/4 England Netherlands Amstelveen June 17 22
481/6 England Australia Nottingham June 19, 2018
444/3 England Pakistan Nottingham August 30, 2016
443/9 Sri Lanka Netherlands Amstelveen 04-Jul-06
439/2 South Africa West Indies Johannesburg 18-Jan-15

3 – The England innings provided the third instance of three players scoring hundreds for a team in the same ODI innings – Phil Salt 122, Dawid Malan 125 and Jos Buttler 162*. The two previous cases came in 2015 from South Africa: by Hashim Amla, Rilee Rossouw and AB de Villiers against West Indies at Wanderers and by Quinton de Kock, Faf du Plessis and AB de Villiers v India at Wankhede.

17 – balls taken by Liam Livingstone make it the second fastest ODI behind AB de Villiers’ 16-ball effort against the West Indies in Johannesburg in 2015. The previous fastest for England was 21 balls each by Eoin Morgan against Australia in Nottingham in 2018 and Jonny Bairstow against Ireland in Southampton in 2020.

Fastest ODI 50s by bullets

Balls Player Final score Crew Versus Venue Date
16 AB de Villiers 149(44) Eng Report Amstelveen 17/Jun/22
17 Sanath Jayasuriya 76(28) SL Pack Singapore 07/Apr/96
17 Kusal Perera 68(25) SL Pack Pallekele 15/Jul/15
17 Martin Guptil 93*(30) New Zealand SL christchurch 28/Dec/15
17 Liam Livingstone 66*(22) HER WI Johannesburg 18/Jan/15

32 – Points scored by Livingstone on 46th most played by Philippe Boissevain – most productive for England in ODI cricket. He topped Dimitri Mascarenhas’ 30-point run, where he hit five sixes against Yuvraj Singh at the Oval in 2007.

47 balls caught Buttler to register his tenth ODI cent is second fastest for England in terms of balls faced. Buttler takes the top three spots for England in the list having scored a 46-ball cent against Pakistan in Dubai in 2015 and a 50-ball cent against the same opponent in Southampton in 2019. He is now the only player in ODI cricket to have scored three centuries in 50 balls or less.

The fastest hundreds of ODIs for England

Balls Player Final score Versus Venue Date
46 Joe Buttler 116*(52) Pack dubai 20-Nov-15
47 Joe Buttler 162*(70) Report Amstelveen June 17 22
50 Joe Buttler 110*(55) Pack Southampton 11-May-19
53 Moeen Ali 102(57) WI Bristol 24-Sep-17
54 Jonny Bairstow 105(59) Sco Edinburgh June 10, 2018

65 balls taken by Buttler is the second-smallest player to score 150 runs in an ODI, just a solitary ball short of AB de Villiers’ record 64 balls against the West Indies in Sydney in 2015. Buttler is also third in the listing. when he hit 150 from 76 against the West Indies at St George’s in 2019.

2 – Malan became the second player to be involved in two over 180 partnerships in the same ODI – 222 with Salt and 184 with Buttler. The first to do so was Hashim Amla who scored 247 with Rilee Rosssouw and 192 with AB de Villiers in Johannesburg in 2015.

26 six hits by England in their innings happen to be the most hits by a team in an ODI. England occupy the next two places and crush 25 against Afghanistan in Manchester and 24 against the West Indies in Saint Georgesboth in 2019.

274 tracks scored by England between overs 31 and 50 is the most scored by a team in the last 20 overs of an ODI leg bettering South Africa’s 267 against the West Indies in Johannesburg in 2015. Buttler hit 162 of those runs, making him the second most by a batter in this phase after Rohit Sharma’s 171 runs against Sri Lanka in 2014.

108 tracks conceded by Philippe Boissevain on his ten overs is the fourth most conceded by a bowler in an ODI innings. Boissevain became the second spinner to concede more than 100 runs in an ODI after Rashid Khan, whose nine overs went for 110 against England in the World Cup match in Manchester.

© Cricbuzz

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Best City for Startups: Joburg vs Cape Town https://bungeni.org/2022/06/15/best-city-for-startups-joburg-vs-cape-town/ Wed, 15 Jun 2022 14:41:24 +0000 https://bungeni.org/2022/06/15/best-city-for-startups-joburg-vs-cape-town/

Data from the latest Global Startup Ecosystem Report 2022 shows what it takes for cities to compete in the race to the top as destinations for startup talent and investment.

The results show that Silicon Valley is the world’s leading startup ecosystem, followed by New York and London tied for second.

North America continues to dominate the global ranking, with 47% of the top 30 ecosystems in this region.

The GSER is the world’s most comprehensive data-driven research on startups with over 280 entrepreneurial innovation ecosystems and 3 million startups analyzed. The report includes a ranking of the top 140 ecosystems and is published by innovation policy research and consultancy firm Startup Genome and the Global Entrepreneurship Network (GEN)

“Today, the digital economy is the economy – or at least the future of the economy,” the report authors said.

The World Economic Forum estimates that 70% of the new value created in the world over the next 10 years will be based on digital business models. In 2023, for the first time, more than half of GDP will be driven by “digitally transformed” businesses, according to Statista.

PWC projects that take advantage of AI alone will bring $15.7 trillion to the global economy by 2030.

Despite the early shadow it cast on startups, Covid-19 ultimately boosted the sector by accelerating digitalization, Startup Genome said. Since the pandemic, tech companies have grown 2.3 times faster than their non-tech counterparts.

While around 90% of startups fail completely, Startup Genome research demonstrates that only 1.5% of startups – or around 15% of those that survive – produce a successful exit of $50 million or more across the top eight ecosystems. of American startups.

Since 2012, the global average for Series A rounds has tripled to over $18 million. Post-money valuations are up, on average, 239% over 10 years, with the strongest growth in later cycles.

deep technology

As for the major innovation trends, the rising numbers tell the story: Web3, Industry 5.0, Supply Chain 4.0. And, of course, 5G. Innovations in – among many other sectors – digital finance, AI-discovered molecules, and climate change mitigation are reshaping not only business, but also the social and physical worlds.

Talent

And just as two decades ago, Silicon Valley reinvented the culture of place with open offices and spaces optimized for collaboration, so today’s startups are leading our new culture of lack of location, said Startup Genome.

“During the Covid-19 pandemic, tech companies have both facilitated and pioneered new ways of working, including the first virtual model, popularized by companies such as Dropbox, which makes distance the default. . Investing is also no longer tied to location, with some venture capitalists using Zoom to perform due diligence on distant investments, expanding their reach geographically.

However, by making talent and capital more fluid, the report’s authors said technology has paradoxically made geography more important than ever. “Now that founders, talent and investors can be anywhere, stars like Silicon Valley, London and Beijing must compete with hundreds of expanding constellations, each with their own legal, economic and style advantages. life.”

Rise of India

The startup landscape has changed significantly, with India moving closer to the United States and China, according to the report. The country has seen a rapid increase in the number of large releases and early cycles, as well as a substantial increase in the value of the ecosystem. India minted 44 unicorns in 2021, raised a total of $72 billion in releases (up from $1.8 billion in 2020).

Hotspots everywhere

India and China may be the big stories of 2021, but dozens of other intriguing stories have proliferated around the world, Startup Genome said. Continuing a downward trend in funding share that began in 2016, North America accounted for less than half of seed funding in 2021, with Europe and Asia both taking a share of the total.

VC activity in Latin America almost doubled compared to the previous year.

A record 540 companies achieved unicorn status in 2021, with 113 ecosystems producing at least one billion-dollar-plus monster. Twenty-two ecosystems – including Brisbane, Luxembourg, Santiago-Valparaiso and Ho Chi Minh City – reached their first unicorns during the period under review for GSER.

The GSER 2022 ranks startup ecosystems on seven success factors including performance and talent, and for South Africa the report highlighted Cape Town and Johannesburg.

Cape Town Highlights

According to Startup Genome, Cape Town’s startup scene is worth $2.8 billion.

Cape Town’s 450 tech companies, including both giants like Takealot and Amazon and start-ups, collectively employ more than 40,000 people. And more and more companies are turning to the South African ecosystem. Cape Town is one of the fastest growing regions in the world in terms of foreign investment, according to a report by fDi Intelligence.

  • Knife Fund III is a new fund managed by Cape Town-based venture capital firm Knife Capital. The fund invests in high growth sectors in South Africa with strong potential for expansion in Africa and internationally.
  • Swiss investment firm Crypto Valley Venture Capital (CV VC) has opened its first African office in Cape Town to invest in African blockchain-focused startups. CV VC and its partners seek to invest in 100 startups over the next four years. The new office will also serve as a hub for transferring know-how and experience from the Swiss Crypto Valley to the Cape Town ecosystem.
  • The SuperReturn Africa 2022 private equity and venture capital conference is set to take place in Cape Town in December.
  • Notable recent funding deals include startup Adtech’s R7 million ($500,000) raise in November 2021 and game publisher Carry1st’s $20 million Series A in January 2022.

Johannesburg Highlights

Startup Genome claims Joburg’s startup scene is worth $962 million.

Over 70% of South African businesses are located in Johannesburg, as is Africa’s largest stock exchange, and the city generates 15% of South Africa’s wealth. Johannesburg is leveraging its position as the country’s financial capital to create a startup ecosystem capable of competing with Cape Town’s better-known scene, the

  • Ericsson South Africa, the local branch of the Swedish telecommunications company, has opened an office in the booming Waterfall development in Johannesburg, as the region is attracting increasing interest from technology companies.
  • Vantage Data Centers, a US-based data center specialist, announced in 2021 that it plans to build what it claims is Africa’s largest data center campus in Johannesburg.
  • A host of startup support organizations nurture the emerging startup community, including the WDB Growth Fund’s Seed Academy and Accelerator for women, J&B Hive Accelerator for creative entrepreneurs, and a range of coworking and business spaces. creative spaces such as Workshop17 West Street and JoziHub. 22 ON SLOANE is the largest startup campus in Africa.
  • Johannesburg is also home to many active investors, including Dazzle Angels, Edge Growth, Grovest, SA SME Fund, the People’s Fund and Kalon Venture Partners.

Online payment solutions provider Ozow raised $48 million in Series B in November 2021.


Read: Joburg wants to introduce a 24-hour working day to boost jobs and economic growth

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fastjet expands flights to Vic Falls https://bungeni.org/2022/06/13/fastjet-expands-flights-to-vic-falls/ Mon, 13 Jun 2022 22:00:05 +0000 https://bungeni.org/2022/06/13/fastjet-expands-flights-to-vic-falls/

BY METHEMBE SIBANDA
FASTJET Zimbabwe has introduced a second daily flight service from Victoria Falls to Johannesburg International Airport, OR in South Africa.

In a statement, Fastjet spokesperson Nunurai Ndawana said the new development was designed to provide international tourists arriving in or departing from Johannesburg with additional options.

He said the daily service would boost the continued resumption of tourism and business activities in the area.

“We continue to support the development of Victoria Falls as a regional tourism hub by providing much-needed seamless connections between major destinations in the region. The second daily service between Victoria Falls and Johannesburg adds to our recently introduced service between Victoria Falls and Kruger Mpumalanga International Airport in Mbombela (Nelspruit) and Maun in Botswana from June 30, 2022,” said Ndawana.

“Working closely with our industry partners, we continue to see growing travel demand in the region. These second daily flights have been designed to provide international tourists arriving or departing from Johannesburg with additional options and seamless connections to Victoria Falls.

As the tourism industry rebounds from the easing of COVID-19 pandemic curbs, airlines have warmed up to Zimbabwean destinations.

Over the past eight years, Zimbabwe has courted the airline to introduce flights to Harare and Victoria Falls as part of its strategy to diversify tourism source markets.

Zimbabwe has drawn up a plan to rebuild its tourism industry as one of the nerve centers of economic recovery.

The industry has struggled to recover from a blitz of bad publicity since the country slid back into an economic and political crisis at the turn of the century, which dampened the appetite of global tourists.

Prospects for growth briefly emerged when President Emmerson Mnangagwa announced his re-engagement plan in 2017, but this was hit hard by the COVID-19 outbreak in 2020.

The outbreak has forced airlines to ground planes in a global fight to prevent contagion.

Pandemic brakes are being lifted in the markets, and Alfred Mutiwekuziva, the new Zimbabwean diplomat in Turkey, said one of his top priorities was convincing the global carrier to launch direct flights.

In an interview with Business summary in Ankara, the Turkish capital, Mutiwekuziva said direct flights would also be key to boosting trade between the two countries, whose diplomatic ties have grown since his arrival in 2019.

“I urge Turkish Airlines to fly direct to Harare. I have had three discussions so far with members of the Turkish Airlines board of directors, who have given us very positive news that, in the short term, probably before the end of the year, we will see Turkish Airlines flying to Zimbabwe. The low levels of bilateral trade between Turkey and Zimbabwe are discouraging investment by businessmen from this country,” he said.

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