Positioning the youth for the digital economy

As digital skills are critical for future jobs, government is proactively seeking partnerships that will help young people to take advantage of the opportunities presented by the digital economy.

“As government, one of our key objectives is to ensure that young people are well positioned to take advantage of opportunities presented by digital transformation.

“For this reason, the Department of Communications and Digital Technologies is proactively seeking partnerships that will help us achieve this objective,” Minister of Communication and Digital Technologies, Stella Ndabeni-Abrahams, said on Tuesday.

Addressing the Youth Masterclass on Digital Skills Development Opportunities webinar, the Minister said government, the private sector, youth organisations, non-governmental organisations (NGOs), and non-profit organisations (NPOs) have an important role in the digital skilling of the youth, as well as to ensure that they have access to the necessary infrastructure.

“The youth of today is presented with opportunities brought by the Fourth Industrial Revolution (4IR) and requires the youth to be fully equipped with the necessary digital skills. This will empower them to contribute to the digital economy, while addressing other pressing issues that are facing our country.

“The 4IR era presents various technologies such as Artificial Intelligence (AI), Internet of Things (IoT), big data, data science, Blockchain and other technologies that are bringing transformation in all dimensions of life. It provides an opportunity to advance socio-economic development,” the Minister said.

With the emergence of 4IR, government entities, private sector firms and other institutions rely on digital technologies to drive economic growth, promote socio-economic development and cultural enrichment.

“The speed of change in science and technology demands an equal speed in acquiring the skills that the industry demands. The Department of Communications and Digital Technologies has developed the National Digital and Future Skills strategy, whose objective is to establish an education and skills development ecosystem that provides all South Africans with the required skills to create and participate in the digital economy.

“The department is collaborating with both the public and private sector, with the intent to bridge the digital divide.

“For this reason, our training programmes will be conducted everywhere in South Africa, including the remote areas.

“We are partnering with the Department of Higher Education to establish High Technology classrooms in the TVET [Technical and Vocational Education and Training] colleges countrywide. These classrooms will not only be used by registered students, but unemployed youth will equally benefit.

“We want to see innovation from every single corner of this country,” the Minister said.

Digital transformation

In 2019, the President combined the Department of Communications with the Department of Telecommunications and Postal Services to form the Department of Communications and Digital Technologies.

The department was mandated with leading digital transformation in the country. Since then, the department has managed to unlock plenty of skills development opportunities for young people.

Working with together with the Media, Information and Communication Technologies Sector Education and Training Authority (MICT SETA), 1 000 young people have received training on 3D printing, data science and related programmes.

“Our training institute, the National Electronic Media Institute of South Africa (NEMISA) and Coursera, trained more than 50 000 young people on 4IR related programmes. This is to equip them with the relevant skills such as AI, data science, IoT, Blockchain, big-data, cloud computing and cybersecurity, amongst other key 4IR skills.

“These skills are critical for the digital era and will enable our young people to be entrepreneurs, and be self-sufficient and create jobs for themselves and for their peers,” the Ndabeni-Abrahams said.

The department will also train 3 000 young South Africans and support 150 small, medium and micro enterprises (SMMEs) for the Future of Work. This initiative, which is estimated at R49 million, will be done in partnership with GIZ.

“We are also working with the Department of Employment and Labour to train 73 000 unemployed youth. Our model pulls together a given craft, skills and entrepreneurship, such that every leaner that finishes their training, s/he must have an exit strategy plan.

“The partnerships that I have outlined above have the prospects of equipping young people with the skills that will give them a foothold in today’s fast evolving and competitive labour market,” the Minister said.

Digify Africa’s Xolani Sedibe said young people can people can take advantage of free digital skills courses that are available online.

“If you look at the trends, you can see there are a lot of opportunities in video production, and if you look at how podcasts, smart speakers and voice activated devices are growing, there are opportunities in terms audio production as well,” Sedibe said.

He said there are opportunities for young people to do user experience design, which is about the front-end of most digital technologies.

“A user experience designer maps out how a web platform should be built and how the users should experience the platform, and how that platform can solve the users’ problem. Young people can also get into e-commerce. E-commerce is all about selling and buying of products and services online,” Sedibe said.

Young people who are interested in learning about data science can do so on the IBM Digital Nation Africa Portal.

Google Skills Shop provides data analytics skills and the Facebook Blue Print platform provides learning about digital marketing.

The Hotspots Academy provides skills on marketing automation, while the YouTube Creator Academy provides opportunities for content creation.

Source: South African Government News Agency

Germiston police station temporarily closed

GAUTENG – Germiston Police Station will be temporarily closed for decontamination due to COVID-19 related matter.

The Community Service Center will be temporarily at the mess hall no: 10 long street Germiston

Telephone lines at Germiston SAPS Community Service Center will not be accessible during closure.

The SAPS management apologise for any inconvenience that may arise from this.

The Community is advised to contact the following numbers:

Lt Col Kgomo Acting- Vispol Commander: 083 336 2470

Colonel Pienaar – Detective Commander: 082 8228037

Colonel Tsheoga – Support Commander: 082 3321698

Relief Commanders: 071 675 7395

Standby duty Officer: 079 695 1789

Source: South African Police Service

Eskom, Maluti-a-Phofung to finalise revenue collection agreement

Deputy President David Mabuza says processes are underway to finalise a service level agreement between Eskom and the Maluti-a-Phofung Local Municipality in the Free State, on the collection of debt owed to the power utility.

Responding to oral questions in the National Council of Provinces (NCOP), the Deputy President said the agreement is expected to be finalised by the end of the month.

“While the issue of the reliable provision of water has been one of the pressing issues in the municipalities due to constant interruptions of electricity, we found that the sustainable resolution of this issue will depend on resolving the municipal escalating debt to Eskom.

“In this regard, processes are underway to finalise the service level agreement between the municipality and Eskom, including modalities for collection of revenue as directed by the court on the 8th of June this month,” he said on Tuesday.

This comes after a protracted process that has seen Eskom initiating judicial processes with an aim of getting into an active partnership concept with Maluti-a-Phofung, where Eskom would act as an agent to collect revenue for the municipalities.

Prior to this, residents had opted to pay for electricity directly to Eskom as per an earlier court order.

As at 31 March this year, Maluti-a-Phofung owed Eskom R5.9 billion in unpaid debt.

Addressing NCOP delegates, the Deputy President said the process that is currently underway would lead to a sustainable resolution.

“This will result in the sustainable resolution of the municipal outstanding escalating debt, which impacts on the reliable provision of water, sanitation and other basic services.

“The public participation process on the details of this agreement has begun, and we expect this agreement to be signed before the end of the month.”

Meanwhile, the Deputy President called on residents to pay for services that they consume.

“We are also calling on our communities to pay for services. Pay for the water that we consume and pay for the electricity that we consume so that we are in a position to maintain the infrastructure,” he said.

Source: South African Government News Agency

Police appeal for information to locate a missing woman

LIMPOPO – The Police in Lephalale are appealing to members of the community to assist in locating a 20-year-old woman, Raesetja Sabina Moraba from Onverwacht who reportedly went missing on 16 May 2021.

She was allegedly last seen going to the local Mall at about 14:00 driving in her mother’s Toyota Yaris vehicle, metallic green in colour with registration numbers DNG 094 L.

Moraba, a former student nurse at Randburg Medi-Clinic in Gauteng Province, was last seen wearing green tracksuit pants with maroon emblem and white All Star sneakers.

Anyone with information that can assist to find the missing woman should urgently contact the Investigating Officers Warrant Officer Selokela on 082 319 9450 or Detectives Commander, Lieutenant Colonel Hlungwane on 082 565 7968 or crime stop number 0860010111 or nearest police station.

Source: South African Police Service

Vaccination gains momentum after setbacks

President Cyril Ramaphosa has confirmed that South Africa will receive two million vaccines from Johnson & Johnson (J&J) by the end of the month, as the country battles the third wave of COVID-19 infections.

“We have received an indication from Johnson & Johnson that it expects to deliver around two million vaccines to South Africa by the end of the month.

“The initial doses we receive from Johnson & Johnson will be used to vaccinate educators in our schools and thereafter, security personnel on the frontline.

In a televised address to the nation on progress in the national effort to curb the COVID-19 pandemic, President Ramaphosa said South Africa currently has the estimated capacity, at present, to vaccinate at least 150 000 people a day.

The President said plans are afoot to increase this to 250 000 a day, “as soon as possible”.

President Ramaphosa announced the move back to Alert Level 3 of the national lockdown in a bid to fight rising infections.

Setbacks

The rollout of the single-dose vaccine suffered some setbacks after the United States Food & Drug Administration (FDA) halted production following the investigation of good manufacturing practice (GMP) violations at the Johnson and Johnson factory in Baltimore, USA.

Because of these problems, two million vaccine doses that had already been produced are unusable.

However, President Ramaphosa said the issues surrounding productions have now been resolved.

“The Aspen plant in Gqeberha in the Eastern Cape is now able to go ahead and produce new doses,” the President said, noting that the multinational has committed to significantly ramp up production.

“Now that the delays in the supply of vaccines are largely resolved, our immediate task is to complete the vaccination of all those over 60 years of age without delay.”

Meanwhile, the President said by the end of June, South Africa expects to have received a total of 3.1 million Pfizer vaccine doses. This is in addition to nearly 2.4 million Pfizer vaccine doses that the country has received.

The President once again urged everyone above the age of 60 to register for vaccination, whether online, by SMS, phone or in person.

Healthcare workers

To date, 480 000 health practitioners have received the J&J vaccine under phase one of the country’s vaccination rollout programme.

“While it must be our unwavering determination to ensure that no healthcare workers are infected, [there] is a significant reduction in infections, which can be attributed to the success of the first phase of our vaccination programme.

“At a similar point in the rise of the second wave of infections in early December last year, there were 640 health care workers infected by COVID-19 over a seven day period.

“In the last seven days, only 64 health care workers have been infected,” said the President.

Meanwhile, a further 1.5 million health workers and people over the age of 60 have received the first dose of the Pfizer vaccine.

This brings the total number of people who have received a vaccine dose to almost two million.

“It must motivate us to accelerate the rollout of vaccines and to ensure that all people who are eligible register and receive the vaccine,” said President Ramaphosa.

The President said he was pleased that the pace of vaccination has steadily picked up, and that the country is inoculating around 80 000 people a day at 570 sites nationally.

“Although it has encountered several setbacks, our mass vaccination programme is gaining momentum,” the President said.

Source: South African Government News Agency

FXCM launches ‘Client First, Trader Driven’ initiative, expanding product offerings and focusing on client service

LONDON and SYDNEY, Australia and JOHANNESBURG, South Africa, June 14, 2021 (GLOBE NEWSWIRE) — FXCM Group, LLC (‘FXCM Group’ or ‘FXCM’), the leading international provider of online foreign exchange (FX) trading, CFD trading, cryptocurrencies1 and related services, is launching an ambitious ‘Client First’ initiative that expands its product offering and boosts its client service as part of a brand refresh.

A key part of ‘Client First’ is a strong commitment to client service, as highlighted by its ‘client first, trader driven’ tagline in its new logo. FXCM has demonstrated this commitment so far in 2021, reporting that its average live-chat pick-up time was five seconds, while 100% of calls were answered in 45 seconds and emails replied to within a day.2

Over the past year the firm has rolled out popular and emerging products to the retail trading market, adding 79 products including share CFDs, cryptos1 and stock baskets across Europe, Hong Kong and USA. For example, a new stock basket product, Big China Tech (ATMX), combines the shares of Alibaba, Tencent, Meituan and Xiaomi, some of the biggest and most widely traded tech companies globally.

FXCM now offers multiple stock baskets to their retail clients, made up into the following: Big US Tech (“FAANG”), Esports & Gaming, Biotechnology, China Technology and China E-commerce, and now Big China Tech (ATMX). These baskets have proven to be popular with their clients and as a result the company is keen to proactively add new products and expand its competitive offering to reach a wider group of traders.

FXCM also enables its clients to invest in a range of globally listed companies such as Amazon and Tesla, large banks including Citigroup and JP Morgan and firms which have benefited from the work from home trend including Peloton and Zoom Video Communications.

Brendan Callan, CEO of FXCM, said: “We have been proactively rolling out new products, adding 79 products in 2021 so far and will continue to do so for the foreseeable future. With the world drastically changing how it communicates in the past year, we’ve also ramped up resourcing in our client service team. It is paramount that our people connect with our clients on every level from the moment they start their trading journey. Our commitment to top-notch service fosters trust and we look to build a strong connection with our clients through each stage of the trading experience. Our approach is simple: when our clients want to trade something, it should be available on our platform and when they need support, our team is there to help them.”

The firm also won a number of awards in the past year, including the Best Zero Commission* Broker in the ADVFN International Financial Awards 2021 and the Best FX Platform at the 2021 Online Personal Wealth.

1Cryptocurrency products are only available to Professional and Eligible Counterparty Clients under FXCM LTD.

2Jan – May 2021 FXCM Service data

*Award granted to the FXCM Group by ADVFN in March 2021. FXCM can be compensated in several ways, which includes but are not limited to adding a mark-up to the spreads it receives from its liquidity providers, adding a mark-up to rollover, etc. Commission-based pricing is applicable to Active Trader account types.

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, and related services. Founded in 1999, the company’s mission is to provide global traders with access to the world’s largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

Forex Capital Markets Limited: FCA registration number 217689 (www.fxcm.com/uk)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

73.42% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM EU LTD: CySEC license number 392/20 (www.fxcm.com/eu)

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXCM Australia Pty. Limited: AFSL 309763. You can sustain a total loss of deposits. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved. If you decide to trade products offered by FXCM AU, you must read and understand the Financial Services Guide, Product Disclosure Statement, and Terms of Business on www.fxcm.com/au.

FXCM South Africa (PTY) Ltd: FSP No 46534 (www.fxcm.com/za). Our service includes products that are traded on margin and carry a risk of losses in excess of your deposited funds. The products may not be suitable for all investors. Please ensure that you fully understand the risks involved.

FXCM Markets Limited: Losses can exceed deposited funds. (www.fxcm.com/markets).

Media contact:

Chatsworth Communications
+44 (0) 20 7440 9780
fxcm@chatsworthcommunications.com