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A Cheap Gamble with a High Price: The true cost of Africa’s counterfeit electrical goods trade

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electrical goods

Choosing safety over savings pays off in the long run

JOHANNESBURG, South Africa, November 18, 2024/APO Group/ — 

Financial pressures in South Africa and across Africa have led to a surge in demand for cheaper products, creating a lucrative market for counterfeiters. This has even extended to electrical goods which have infiltrated between 40% to 80% (http://apo-opa.co/3YTloKH) of markets on the continent, posing a potentially lethal risk to millions of consumers. At best, they simply might not operate, but in the worst case, these products may result in unprotected installations, with burns or electrical shocks being inflicted on users as a result. In severe circumstances, fires or fatalities occur.

“Unfortunately, wherever there is demand, counterfeiters will find opportunities to profit,” points out Dr Andrew Dickson, Engineering Executive at CBi-electric: low voltage (www.CBi-lowvoltage.co.za/). “A case in point is solar power systems which have been surging in popularity especially in South Africa. This has led to a flood of uncertified components and substandard solar panels, raising concerns from the electricity minister (http://apo-opa.co/3OerUqI) and local solar companies.”

“Despite the risks, the tempting price tag of counterfeit electrical products keeps them in high demand,” he notes. “Consumers are unfortunately unaware of the implications of these purchases. This short-term focus on price, coupled with the absence of immediate consequences can lead to a preference for cheaper counterfeit goods.”

Illustrating the long-term cost-implications for consumers, Dr Dickson compares a R50 counterfeit circuit breaker to a genuine one costing R100. “The short-term savings might seem appealing, but the potential repercussions are severe. A malfunction could lead to damage to property or personal injury, so the total cost of losses from a counterfeit product far exceeds the initial savings gained from their purchase.”

He highlights that a key difference between real and counterfeit electrical goods lies in the materials used. “With manufacturers of these items cutting corners, this translates to the use of substandard materials. For example, instead of using tested and compliant plastic materials that are non-flammable or self-extinguishing to produce products and components, they use cheap, untested, and non-compliant alternatives. This is a huge health and safety hazard as they are highly flammable, do not self-extinguish and may also produce toxic smoke, making the electrical installation unsafe and consequently putting the consumer at risk.”

The short-term savings might seem appealing, but the potential repercussions are severe

“Additionally, authentic products undergo rigorous testing to meet stringent safety, environmental, and performance standards and regulations required both domestically and internationally, which is why they tend to be more expensive. Counterfeit products, however, bypass these essential checks, as compliance is costly and time-consuming,” adds Dr Dickson.

Beyond safety, he shares that investing in compliant electrical goods offers a wealth of benefits that far outweigh a cheaper version as these products typically last longer since they are made with better materials and construction. “Compliant products offer an extended lifespan, saving consumers money on replacements. In addition to comprehensive safety assessments, these products undergo accelerated life tests which include exposure to harsh environmental conditions such as aging and salt spray. They also perform better and are more efficient.”

Dr Dickson observes that despite efforts by African governments to implement safety, quality, and environmental regulations for electrical goods, the primary challenge lies in the blatant disregard by counterfeiters. “This, however, is being driven by the demand for cheaper, non-compliant products, and is a trend evident not only among individuals but also businesses and even government institutions.”

“Legitimate manufacturers, certification bodies and distributors have a shared responsibility to inform consumers about the risks associated with counterfeit electrical goods, so they understand that the lower cost is not worth the risk,” he stresses. “Additionally, by providing guidance on identifying genuine items and the importance of using reputable suppliers and electrical contractors, we can empower consumers to make informed choices.”

If consumers come across counterfeit electrical products, Dr Dickson advises that they report them to the Consumer Goods Council of South Africa (http://apo-opa.co/4ezOl4i) and/or to their nearest police station.

“The difference between life and death can hinge on a plug. While the initial price of authentic products might be higher, it pays off in the long run,” he concludes.

Recognising that informed consumers can help curb the counterfeit trade, CBi-electric: low voltage has produced a white paper titled “Pulling the Plug on Counterfeit Electrical Goods in Africa”. The document, which aims to illuminate the economic and safety hazards posed by counterfeit products and provide a multi-pronged approach to combatting their prevalence on the continent, can be accessed here: http://apo-opa.co/40R1QJw.

Distributed by APO Group on behalf of CBI-electric: low voltage.

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Golar Liquefied Natural Gas (LNG),Chief Commercial Officer (CCO) Joins Invest in African Energy (IAE) 2025 Speaker Lineup

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Liquefied Natural Gas

Federico Petersen, Chief Commercial Officer of Golar LNG, will share his expertise on the future of LNG in Africa and the role of floating LNG solutions in driving the continent’s energy transformation at the Invest in African Energy Forum in Paris next month

PARIS, France, April 25, 2025/APO Group/ –Federico Petersen, Chief Commercial Officer (CCO) of Golar LNG, will join the upcoming Invest in African Energy (IAE) 2025 Forum in Paris to discuss scaling LNG in Africa, overcoming infrastructure challenges and attracting investment. With Africa rapidly expanding its gas infrastructure, Petersen’s insights are expected to showcase how innovative LNG solutions can support sustainable energy growth across the continent.

As a global leader in floating LNG (FLNG) solutions, Golar LNG is advancing gas monetization across Africa. The company is actively involved in several key projects, including the Hilli Episeyo FLNG facility off the coast of Cameroon, operational since 2018, which plays a crucial role in unlocking regional gas resources with cost-effective, scalable LNG production. Golar LNG is also a key player in the Greater Tortue Ahmeyim project offshore Senegal and Mauritania, where it owns and operates the Gimi FLNG, which received its first feed gas in January 2025, marking a major milestone in LNG export operations.

IAE 2025 (https://apo-opa.co/3ECl25bis an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Additionally, Golar LNG is exploring further opportunities across the continent, including ventures in the Republic of Congo and Nigeria. In June 2024, the company signed an agreement with the Nigerian National Petroleum Corporation to deploy an FLNG vessel in the Niger Delta, utilizing 500 million cubic feet of gas per day to generate LNG, propane and condensate, with a final investment decision expected later this year.

The growth of LNG in Africa is set to accelerate in the coming years as key markets seek to tap into their vast natural gas reserves. As such, Petersen’s participation at IAE 2025 is poised to showcase the pivotal role of FLNG in enhancing energy security, driving economic growth and fostering regional cooperation.

As the global energy landscape shifts toward cleaner, more sustainable sources, LNG will remain crucial in powering Africa’s future, offering a reliable transition fuel to support the continent’s ambitious energy goals. With IAE 2025 as a platform for high-level dialogue and partnerships, the forum will provide an invaluable opportunity for stakeholders to explore the latest LNG developments, deepen collaboration and drive investments that will shape the future of African energy.

Distributed by APO Group on behalf of Energy Capital & Power

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VFD Group Plc Reports Remarkable Growth in Audited Financial Statement for 2024 Financial Year

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VFD Group Plc

Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023

LAGOS, Nigeria, April 25, 2025/APO Group/ –In a stunning turnaround, VFD Group Plc (https://VFDGroup.com), a proprietary Investment firm, has announced its audited financial results for the year ended December 31, 2024, showcasing exceptional growth. The journey to this milestone was paved with strategic initiatives and a relentless pursuit of innovation.

Just a year ago, businesses globally struggled with macroeconomic headwinds, and VFD Group, not an exception, reported a pre-tax loss of N1 billion in 2023. However, the team’s dedication and forward-thinking approach yielded impressive results. The Group reported a pre-tax profit of N11.2 billion, representing a 1202% year-on-year growth.

Net investment income surged by 95% to N59.0 billion, despite a spike in investment expenses to N15.5 billion from N7.4 billion in 2023. Net revenue increased by 90% to N71.0 billion, while operating profit grew by an impressive 104% to N48.8 billion.

The company’s financial performance was nothing short of remarkable, with notable achievements including:

– Investment and similar income: N74.6 billion, up 98% YoY

– Net investment income: N59.0 billion, up 95% YoY

– Net revenue: N71.0 billion, up 90% YoY

– Operating profit: N48.8 billion, up 104% YoY

– Pre-tax profit: N11.2 billion, a significant turnaround from a N1 billion loss in 2023

As of April 22, 2025, VFD Group’s market capitalisation surged by 116% to hit N121.6 billion from N56.2 billion year to date.

These outstanding results reflect the success of our team’s efforts. As VFD Group looks to the future, it remains committed to delivering exceptional value to its customers and stakeholders.

Distributed by APO Group on behalf of VFD Group Plc.

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African Energy Chamber (AEC) Champions Smart Policy, Strategic Partnerships to Advance Namibia’s Oil & Gas Discoveries

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African Energy Chamber

The African Energy Chamber is a strategic partner of the Namibia International Energy Conference, which kicked off today in Windhoek

WINDHOEK, Namibia, April 24, 2025/APO Group/ –As a strategic partner of the Namibia International Energy Conference (NIEC), the African Energy Chamber (AEC) (www.EnergyChamber.org) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration.

Speaking during a high-level panel at NIEC 2025, AEC Executive Chairman NJ Ayuk urged Namibia to seize the momentum of its frontier discoveries, while avoiding the pitfalls that have stalled progress in other hydrocarbon-rich African nations. He emphasized that Namibia’s path to becoming a regional energy hub hinges on its ability to learn from international case studies and execute deals that ensure long-term national benefit.

“Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries,” Ayuk stated. He pointed to Guyana as a prime example, noting how the South American country developed a robust strategy focused on national benefit and successfully attracted billions in investments to fast-track its energy projects.

Namibia needs to move fast, produce quickly and negotiate the best deals with its partners to ensure the rapid development of its oil discoveries

In contrast, Ayuk cautioned against the delays experienced by countries like Mozambique, Tanzania, Uganda and South Africa, where production was significantly postponed, leading to rising project costs and lost opportunities. “There is a growing movement trying to discourage Africa – and Namibia – from producing its oil and gas. We must resist that,” he added.

Reinforcing the need for investor-friendly terms, Justin Cochrane, Africa Upstream Regional Research Director at S&P Global Commodity Insights, highlighted the necessity of contract stability, transparent data-sharing and a balanced approach to fiscal negotiations. “It’s natural that Namibia wants to maximize its benefits, but pushing too hard on IOCs can result in getting 100% of nothing… The first milestone must be achieving first oil,” said Cochrane.

Representing Namibia’s national oil company, Victoria Sibeya, Interim Managing Director of NAMCOR, stressed that the company is actively engaged in every phase of the industry, from data acquisition and exploration to shaping the downstream and midstream vision. “We are not just bystanders,” said Sibeya. “NAMCOR is deeply involved in data acquisition, exploration and the exchange of knowledge and technology with our partners. We are also preparing to invest in downstream and midstream sectors to ensure that we can add value once production begins.”

Echoing the call for local development, Adriano Bastos, Head of Upstream at Galp, underscored the need for early and continuous skills development – proposing that Namibians be trained abroad in specialized areas like FPSO operations to ensure they are prepared to lead once production begins at home. “Namibia has capabilities that are rare in the region, but more collaboration with international partners is essential to build the local skills base,” he said.

Bastos noted that Namibians make up 25% of Galp’s workforce in the country, including its first female offshore base manager. “We are proud of the strides we have made. Our nationalization plans are aggressive, and we work closely with [the Namibian Ports Authority] and other local entities to implement meaningful capacity-building projects.”

As Namibia stands on the cusp of transforming exploration success into production, the message from industry leaders is clear: time, trust and talent will determine the country’s trajectory. Through cross-border collaboration, pragmatic deal-making and a strong national vision, Namibia can emerge not just as an oil producer – but as a continental model for inclusive, forward-thinking energy development.

Distributed by APO Group on behalf of African Energy Chamber

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