REPLY SLIP:  

Date of the event:   9 November 2011 (Wednesday)

Yes, I will attend the YP Cocktail event on 9 November 2011 (Wednesday)

Please reserve ___________ seat/s for me/us               (Entry fee: HK$180  for members and HK270 for non-members)

(We shall make a cheque for HK$ ___________  payable to “SAWCC of Hong Kong”)

OR Mail or fax deposit slip to same address after transferring HK$200 per head to Bank transfer: SAWCC account: HSBC 400-616454-838

http://www.fin24.com/Economy/IMF-US-EU-woes-may-knock-Africa-growth-20110920

Washington – Sub-Saharan Africa is poised to maintain its economic expansion in the near term, but faltering US or European recovery could threaten exports, aid and capital flows, the IMF said on Tuesday.

In its latest World Economic Outlook update, the fund outlined the spillover risks for the region of any further deterioration of the global economic environment, although it had so far escaped any significant effects from the slowdown.

Reflecting these risks, the IMF revised a few notches downwards its real GDP growth forecast for Sub-Saharan Africa for this year, putting it at 5.2% compared to 5.5% predicted in June.

The region’s GDP in 2012 was forecast to expand 5.8%, slightly down from the 5.9% seen in June.

World Bank chief Robert Zoellick said on Monday the ripple effects of the growing debt crisis in advanced economies were already starting to feed through to developing nations.

“A faltering US or European recovery could undermine prospects for exports, remittances, official aid and private capital flows,” the IMF warned for Sub-Saharan Africa.

But if the rise in financial and economic instability in major advanced economies remained contained, the African region was set for continued expansion in the near term, it said.

Political uncertainty and weather shocks had the potential to dampen its growth prospects, however. There were also considerable variations in the outlook across the region.

Average growth for low-income countries, largely shielded from the global crisis due to limited integration into world manufacturing and financial networks, was forecast at 6% this year, on the back of strong domestic demand and accelerating exports.

This would increase to 6.5% next year as Ivory Coast’s economy returns to normal after the political disruption triggered by the 2010 elections, Kenya’s investment levels strengthen, and large oil and mining projects come online in Niger and Sierra Leone, the IMF said.

But the severe drought in the Horn of Africa had caused a humanitarian crisis in some economies and fueled inflation.

Middle-income countries were more vulnerable to a global slowdown and the recovery in South Africa, the region’s largest economy, was being complicated by this and other factors, such as a surge in unemployment, high household debt, low capacity utilization and substantial real exchange rate appreciation.

Nevertheless, South Africa’s growth was expected to pick up to about 3.5% over the next 12 months, driven by private consumption and reinvigorated investment, the fund said.

Growth in Sub-Saharan Africa’s oil exporting economies was projected to rise to 7.2% in 2012 from 6% this year, thanks to continued strength in domestic public investment spending and in spite of lower than originally projected oil prices, according to the IMF regional outlook.

This would include a strong rebound in oil production in Angola following a disruption in 2011.

The IMF recommended that with strong recovery underway, Sub-Saharan Africa should return to long-standing priorities of improving policy and institutional frameworks, building resilience to commodity price swings and developing financial markets

http://www.news24.com/SouthAfrica/Politics/Malema-makes-Forbes-power-list-20110915

Johannesburg- ANC Youth League president Julius Malema is one of Africa’s 10 most powerful young men, according to a list compiled by business magazine Forbes.

“The ANCYL wields enormous power in South African politics, and played a pivotal role in the election of incumbent president, Jacob Zuma, during the 2009 presidential elections,” the magazine said.

“Malema, its leader, remains one of the country’s most divisive and polarising figures, frequently stirring controversy for his inflammatory rhetoric and racial slurs.”

Three other South African men made the top 10 list – billionaire Mark Shuttleworth, advocate Euvin Naidoo and Standard Bank CEO David Munro.

Shuttleworth founded Ubuntu, a computer operating system distributed as free open source software. He also set up the Shuttleworth Foundation, a trust that funds individuals actively engaged in social change projects.

Naidoo is president of the SA Chamber of Commerce in America and “one of the most renowned advocates for western investments in Africa”, according to Forbes.

Munro, 38, was selected by the World Economic Forum as the 2009 Young Global Leader.

Democratic Republic of Congo president Joseph Kabila and Madagascar president Andry Rajoelina are also on the list.

Women 

Five South African women made the magazine’s “20 Youngest Power Women in Africa” list – Mvelaphanda Group CEO Yolanda Cuba, media mogul Khanyi Dhlomo, Shanduka Group CEO Phuti Malabie, entrepreneur Lisa Kropman and Ernst & Young senior partner Jonitha Gugu Msibi.

The Mvelaphanda Group is a conglomerate listed on the Johannesburg Stock Exchange. “In 2008, the Wall Street Journal named Phuti as one of 50 women in the world to watch,” Forbes said.

Shanduka is listed as one of South Africa’s largest African, black-owned and managed investment holding companies.

Kropman is the founder of Business Place, a group of business centres that support black entrepreneurs in Southern Africa.

Forbes said Msibi served as a public sector and government leader inAfrica. “She is a key adviser to several government leaders inAfrica, and was named a Young Global Leader by the World Economic Forum in 2011.”

At the 47th Young Professional Cocktail (YP) of Intercham in Hong Kong on Aug 31st at PURE, Kenwick Centre. Hollywood Rd, Hong Kong the Henley Business School University of Reading is donating a Grand Prize.

Henley Business School is generously donating a 25,000 HKD scholarship prize to one of the attendees of the Young Professionals (YP) Cocktails at the 47^th YP Cocktail Event hosted by the South African Women’s Chamber of Commerce (SAWCC) ofHong Kong.

To qualify the attendees will have to be accepted by the academic admissions board for the MBA.  The discount will apply to the last portion of the course fee which is paid twice yearly for the duration of the programme.

Those interested at the event  should put their name card into a box which Henley will provide (covered in Henley Logo’s)  Henley will then send the relevant attendees all the information to register and select at random one of the attendees once they have been accepted so that Intercham can publish the lucky winner!

At this time, and subject to change depending on when register is done, the fee for the MBA inHong Kong amounts to a total of 219,000 HKD (roughly 11% discount). Henley also has an International Recruitment MBA programme which is the MBA full programme plus additional International Recruitment content and international project travel.

The South African Women’s Chamber of Commerce of Hong Kong

The South African

Women’s Chamber of Commerce of Hong Kong

Supported by the South African Consulate to Hong Kong and Macau SAR

 Wishes to invite you to a business seminar:

Successes in doing business in China & Africa ………..

David Malcomson will be addressing the myths that fly in both directions about doing business in China, and Africa.  Please join us in a conversation on what the corporate governance issues are in China and South Africa.  What role do Chinese businesses have to adopt to be successful in South Africa? How can the Hong Kong business man best benefit from South Africa’s membership to BRICS.

Date: June 16 Thursday

Time: 9am – 12pm (8h30 registration)

Venue: HKTDC SME Centre. HKCEC (Instructions enclosed)

Cost: HKD200

(Please make your reservation by attached Reply Slip and payment before 11 June 2011)

By cheque: Please make cheques payable to “SAWCC of Hong Kong” and mail to SAWCC, 18th Floor, Wing Hing Commercial Building, 16 Sutherland Street, Sheung Wan, Hong Kong.

Bank transfer: SAWCC account: HSBC 400-616454-838. Please e-mail a copy of the deposit slip to president@sawcchongkong.com before June 11.

9am - Honourable Consul General Namotemba Tambo will be opening the seminar and introducing the speaker

9.15 – 10am – Dave Malcomson on Successes in doing business in China & Africa ………..

10-10.30am – Comments on BRICS – Hon Consul General on BRICS

10.30am to 11am – Q&A

11am – Tea and Networking

Do not miss this opportunity to hear Dave Malcomson on these controversial issues. Dave resides in Beijing and will be travelling to Hong Kong to speak.

About the speaker:

January 1993 – December 1994: Desk officer responsible for CIS republics and Turkey (primary responsibility for the Russian federation and Ukraine).Served on the task team for president Nelson Mandela’s inauguration in may 1994. Completed diplomatic training in 1994 (awarded the communications prize). January 1995 – January 1999: Dave served at the South African high commission in Harare, Zimbabwe.  Responsible for bilateral and multilateral relations with Zimbabwe, particularly SADC matters. Dave was Chairperson of the junior diplomatic association in Zimbabwe. Passed advanced SADC course at the training institute in 1996. January 1999 – 1 June 2001: Assistant director responsible for OAU/AEC economic, social and technical Affairs. Member of the African renaissance transformation task team from march 2000 to January 2001, when joined the millennium African recovery program (MAP) technical drafting team. Member of the international relations, peace and security (IRPS) economic development cluster sub-committee. 1 June 2001 – 19 January 2004:  Promoted to deputy director and seconded to the presidency and from there to the new partnership for Africa’s development (NEPAD) secretariat.  Served as the manager: international liaison and coordination at the NEPAD secretariat. 19 January 2004 – 19 January 2007: Returned to the department.  Promoted to director in October 2004.  Responsible for Nepad, the African renaissance and international cooperation fund, program and information management. Also responsible for IRPS African renaissance sub-committee secretariat. On 22 January 2007, took up post at the South African embassy in Beijing, China as minister plenipotentiary.

Limited tickets available. Contact Lizette Smook ASAP on Tel: 90300683 OR e-mail president@sawcchongkong.com

The SAWCC and the South African Consulate to Hong Kong and Macau are planning a spectacular celebration of National Day in Hong Kong. National Day is on 27 April 2011.

More information later

South African Contemporary Art Exhibition 2011

The richness of art culture in South Africa

To continue with the buzz of 2010 South Africa World Cup, the South African Consulate-General firstly presents the South African Contemporary Art Exhibition 2011 in Hong Kong.  The theme of the photo exhibition includes lifestyle, people and wildlife, adventure and natural scenery, to present the richness of South Africa in different angles.  Also, the oil paintings of South Africans emerging abstract artist, Lee Chaldecott will be presented. To her art represents the beauty of the world in all in complexities. Her paintings truly shift people’s consciousness into a mysterious world.

Oliver Kingston an emerging digital photographic artist has this to say:

“Photography has always held the allure of essence through images.  The ability to communicate hidden meanings and subtext has previously been a form of subconscious prompting limited to film and literature.  The birth of the digital photographic medium has now changed that in an exciting and beautiful new way”.

“Through this exhibition, we would like to exhibit the contemporary art and beautiful scenery of South Africa, to introduce South Africa in a different and more sophisticated way than people are traditionally used to.  We hope that this first exhibition will be enjoyed by the Hong Kong community as we would like to do a bigger and more diverse one next year. “ said Nomatemba Tambo, the Consul-General of South African Consulate-General, HKSAR/ MSAR.

South African Contemporary Art Exhibition　２０１１

Date: 18 April to 1 May 2011

Time:  Monday to Sunday ( 10 am – 10 pm)

Venue: The Hong Kong Academy for Performing Arts Atrium Painting Corner

Issued by the South African Consulate-General for Hong Kong SAR and Macau SAR.

For more information, please the South African Consulate-General

Eva Yan

Email: sacghgk1@netvigator.com

Tel: + (852) 2577 3279

SAWCC BREAKFAST BUSINESS SEMINAR HELD ON March 25^th from 8h30 to 11h30am

The South African Women’s Chamber of Commerce of Hong Kong successfully hosted a breakfast seminar on 25 March at the Foreign Correspondence Club in Hong Kong. Speakers were Mr Andric Yew, the Head of Principal Investments- China Samsung Securities Asia Ltd, who spoke on the topic of “Perspectives from potential Asian Investors about Investing in Mining Projects in Africa”. Mr Yew covered risks and advice to owners and investors on African mining assets.

Mr Paul Chikawa – the Honourable Consul General of Zimbabwe spoke about “Mining Investment Opportunities” in Zimbabwe and covered the abundance of viable investment opportunities in Mining in Zimbabwe.  The Honourable South African Consul General to Hong Kong and Macau – Ms Namotemba Tambo spoke about the ‘ Importance of South Africa joining BRIC’ and Raising Africa’s Alignment in Trade and Investment through BRIC.

The seminar had an excellent turnout of 34 interested individuals and the breakfast session had excellent feedback.

The SAWCC will be hosting more business seminars going forward.

From Left to Right: Mr Andric Yew, Honourable Paul Chikawa, Honourable Namotemba Tambo, and some of the guests at the seminar.

 The South African Women’s Chamber of  Hong Kong featured this exceptional person towards the end of last year on the SAWCC website.

We are proud to host Corinne in Hong Kong next week. Corinne will be meeting exceptional Entrepreneurial Women in a face to face meetings to enroll them into United Sucess and share her ‘Living her 3 passions”.

There will be a special dinner at the China Club on Tuesday night 22nd March with Corinne – if you are interested to join – please register below and you will receive an e-mail with details and cost of the meal involved .

Corinne will be adressing the Women of Influence Committee at Amcham on Thursday morning 24 March at 8am – 9.30am in the Amcham Boardroom in Central. Please register directly on the Amcham website to attend this talk. Please register on: http://www.amcham.org.hk/index.php/component/option,com_gigcal/Itemid,483/gigcal_gigs_id,932/task,details/