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Bidvest Becomes Official Team SA Partner and OPEX is Relaunched

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Bidvest

The announcement of the new partnership between SASCOC and the Bidvest Group was made at an unveiling at the Inanda Club in Sandton, Johannesburg on Thursday 11 May 2023

JOHANNESBURG, South Africa, May 15, 2023/APO Group/ — 

The South African Sports Confederation and Olympic Committee (SASCOC) (www.TeamSA.co.za) has welcomed Bidvest aboard as the official partner of Team South Africa and with it comes the relaunch of its Operation Excellence (OPEX) programme, effective immediately.

The announcement of the new partnership between SASCOC and the Bidvest Group was made at an unveiling at the Inanda Club in Sandton, Johannesburg on Thursday 11 May 2023.

Thanks to a cash injection of R66-million by Bidvest, the OPEX programme has been revived and is set to benefit South African athletes in their Olympic and Paralympic Games preparation for both Paris 2024 and Los Angeles 2028.

Athletes who become part of the Bidvest OPEX programme will enjoy a range of benefits including living expenses, medical aid, local and international camps and competitions, and scientific and medical support services, to name a few.

Bidvest is proud to join forces with SASCOC to support those South African sportsmen and women with the potential to compete at the highest level in international sporting events

SASCOC President, Mr. Barry Hendricks, commented: “There is an undeniable link between funding of athletes and Olympic medals. Thanks to Bidvest for partnering with us on this journey, and while Paris is just around the corner in terms of an elite athlete’s preparation, it is a welcome cash injection, even if the full results will only be seen at LA 2028. I want to thank Bidvest wholeheartedly for their commitment and also thanks to the SASCOC Board and Management who have worked to get us into a position to benefit our athletes in the manner that we are able to now do.”

Bidvest Group Chief Executive, Mpumi Madisa said: “Bidvest is proud to join forces with SASCOC to support those South African sportsmen and women with the potential to compete at the highest level in international sporting events. We particularly look forward to identifying and developing South Africa’s next generation of Olympic athletes. This partnership has deep resonance across our Group, where we continually train and develop new young talent and promote operating excellence within all Bidvest companies”.

SASCOC CEO, Ms Nozipho Jafta added: “Thanks to Bidvest this funding partnership is going to change the lives of countless athletes and aspiring athletes. Paris 2024 is just around the corner. In fact, we are only 442 days away from the start of the Paris Games. The true results of this R66-million partnership will be felt at the 2028 Games in LA and beyond. But it has given every athlete hope and the comfort that they now have a financial blanket to be able to assist them as they work hard to fulfil their potential and dreams.”

Chairperson of the Athletes Commission Mr. Khotso Mokoena also endorsed Bidvest’s partnership. “As a former Olympic athlete who was on the OPEX programme I know what a difference it made to my career. At SASCOC there is a commitment to put the interests of the athlete first and I have no doubt that the re- emergence of the OPEX programme is going to make a huge difference to our athletes in their preparations. I’m excited to see the potential.”

The OPEX programme has been historically directly linked with Team SA’s performance at the Olympics and Paralympics. A selection of Olympic gold medalists who have come from the programme in past years include: Matthew Brittain, Chad le Clos, Ryk Neethling, Sizwe Ndlovu, Roland Schoeman, Caster Semenya, John Smith, James Thompson, Cameron van der Burgh and Wayde van Niekerk.

Paralympic gold medallists include: Dyan Buis, Charl du Toit, Natalie du Toit, Ilse Hayes, Hilton Langenhoven, Teboho Mokgalagadi, Kevin Paul, Zanele Situ and Fanie van der Merwe.

Names of athletes joining the relaunched Bidvest OPEX Programme will be announced in due course. SASCOC has received submissions from National Federations across the three tiers and there are currently teams conducting future talent identification sessions to seek, support and develop young sports people to become future Olympians.

Distributed by APO Group on behalf of South African Sports Confederation and Olympic Committee (SASCOC).

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As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

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Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

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Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

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CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

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The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

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ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

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