Seeds of Opportunity: The African Growth Series
May 2024 | Issue 3
In this week's issue, you will learn more about:
- AFRICA TREND: Electric buses to join South African bus service fleets
- AFRICA OPPORTUNITY: Mining-Centric SEZs Driving Growth
- Aftermarket trends revealed to industry leaders at Futuroad CEOs Breakfast
- Enlit Africa 2024 | CTICC, CAPE TOWN | 21 - 23 MAY
- UPCOMING EVENT: African Smart Cities Summit | Johannesburg
AFRICA TREND: Electric buses to join South African bus service fleets
“The City of Cape Town should have battery electric buses (e-buses) operational on its MyCiti bus service by mid-2027” says Urban Mobility MMC Rob Quintas.
Urban Mobility Directorate (UMD) has been mandated, in accordance with Cape Town’s Climate Change Action Plan (CTCCAP), to develop a procurement strategy for low-carbon emission vehicles and fuels, in pursuit of carbon neutrality. Both the CTCCAP and Green Transport Strategy (2018-2050) from the national Department of Transport, push for public transportation services to incorporate clean energies within the next few decades.
The MyCiti bus service’s movement to procure a combination of battery electric and Euro VI (cleaner internal combustion engine) diesel buses is a direct result of this mandate, and they are not the only company to do so. Another well-established bus service, Golden Arrow Buses, announced its intention to introduce 60 new EV buses to its fleet in 2024. This represents the trend towards the use of clean energy in the transportation sector, which holds positive connotations for the sustainable future of South Africa.
AFRICA OPPORTUNITY: Mining-Centric SEZs Driving Growth
Africa is witnessing a surge in Mining-centric Special Economic Zones (SEZs), transforming the landscape of the mining industry. South Africa’s Platinum Valley, backed by Anglo American, is set to lead the hydrogen fuel cell revolution. Similarly, Tanzania’s Kabanga Nickel Project, leveraging SEZ benefits, promises cost-effective production. These zones offer lucrative incentives like significant tax breaks, creating fertile ground for investment and innovation.
Aftermarket trends revealed to industry leaders at Futuroad CEOs Breakfast
Leading commercial vehicle trade exhibition, Futuroad hosted a CEO Breakfast at the Kyalami Grand Prix Circuit on 3 May. Industry heavyweights participated in a thought-provoking discussion on the future of the commercial vehicle aftermarket. The event is one of a series of thought leadership breakfasts for the automotive sector hosted by Futuroad Expo.
The breakfast, themed “Commercial Vehicle Aftermarket”, featured insights from industry experts including Craig Parker, Research Director, Frost & Sullivan Africa, Menzi Nkonyane, Senior Research Analyst, Automotive Insights, Truck & Bus; Research for S&P Global Mobility and Duane Newman, Partner at EY.
Commenting on the event, host Michael Dehn, Managing Director of Messe Frankfurt South Africa (organisers of Futuroad Expo) said: “The South African automotive industry is a powerhouse, contributing 4.9% to South Africa's GDP and employing over 110,000 people. It's a major export industry, and a key driver of innovation across Africa.”
Learn more as Crown Publications shares more insights from the event- https://lnkd.in/dsFA445Q
Enlit Africa 2024 | CTICC, CAPE TOWN | 21 - 23 MAY
Looking forward to seeing you at the CTICC, Cape Town today, as Ian Nathan (Director, Gas and LNG Research, Energy Intelligence) moderates the session 'Africa’s Transitional Fuel Game Changer – Natural Gas: The role of LPG as a transition fuel for Africa.'
👉 Panellists will include:
▪ Paul Eardley-Taylor, Oil & Gas, Southern Africa, Standard Bank, South Africa
▪ Sandisiwe Ncemane, GM: Gas Commercialisation & Aggregation (acting), CEF, South Africa
▪ Wayne Glossop, Development Director, GLOSSOP
▪ Hendrik Malan, Africa CEO & Partner, Frost & Sullivan Africa
▪ Olakunle Williams, Chief Executive Director, Tetracore Energy Group Limited, Nigeria
▪ Thabang Audat, Chief Director, Planning, Department of Mineral Resources and Energy
⚡ Get your 𝙁𝙍𝙀𝙀 visitor pass: https://lnkd.in/dpqetdrg
⚡Unlock more opportunities, get your delegate pass: https://lnkd.in/drg_SXVs
UPCOMING EVENT: African Smart Cities Summit | Johannesburg
The African Smart Cities Summit will take place at the Gallagher Convention Centre in Johannesburg on 5 June 2024. This exclusive gathering of key smart cities private and public stakeholders features within Big 5 Construct South Africa and is one of the must-attend events in the smart cities calendar.
Gain insights into cutting-edge technologies like tech adoption, smart mobility, economy & governance, and sustainable urban development.
Secure your delegate pass now: https://bit.ly/3UleQ5A
To find out more about opportunities in Africa, please get in touch with Lynne Martin.
