07.08.2020 Views

Opportunity - Issue 94

Quarterly journal for business and industry in South Africa Business unusual It has been estimated that the economy will take two to three years to recover from Covid-19 and the subsequent economic collapse. From now to there, the journey will indeed be business as unusual. My pledge, as the new editor of Opportunity magazine, is to provide cutting-edge content that guides our readers on how to rise above the current business trajectory and to circumvent the consequences that are now laid before them. In this issue, Mike Townshend from Foord Asset Management writes, in ‘The evolving politics of oil’ (page 8), that oil has caused wars, assassinations, man-made disasters, coups and still affects every person in the world today. On page 10, Rebecca Major from leading global law firm, Herbert Smith Freehills, shares her insight on how to navigate African oil and M&A deals in these volatile times. Both of these writers will present more on these topics at Africa Oil Week. The transport services sector has been severely affected by the pandemic, but help is at hand. Digital transformation is set to disrupt the sector – technology has transformed the railway industry globally and implementing technological innovations could be a game-changer for rail transport in South Africa. Read more on page 17. Celebrating Women’s Month in August, Opportunity interviews the newly appointed CEO of Petroleum Agency South Africa, Dr Phindile Masangane (page 12), as well as founder and owner of Nemesis Accounting, Shani Naidoo (page 14). The South African Chamber of Commerce and Industry (SACCI) has a pivotal role to play in guiding the business of its 22 000 members. The Chamber believes that businesses should actively engage in the strategic and recovery implementation processes towards inclusive growth – read more in the CEO’s message on page 4. Let’s work together in building a resilient, risk-savvy and formidable nation. Alexis Knipe, Editor

Quarterly journal for business and industry in South Africa

Business unusual

It has been estimated that the economy will take two to three years to recover from Covid-19 and the subsequent economic collapse. From now to there, the journey will indeed be business as unusual. My pledge, as the new editor of Opportunity magazine, is to provide cutting-edge content that guides our readers on how to rise above the current business trajectory and to circumvent the consequences that are now laid before them.

In this issue, Mike Townshend from Foord Asset Management writes, in ‘The evolving politics of oil’ (page 8), that oil has caused wars, assassinations, man-made disasters, coups and still affects every person in the world today. On page 10, Rebecca Major from leading global law firm, Herbert Smith Freehills, shares her insight on how to navigate African oil and M&A deals in these volatile times. Both of these writers will present more on these topics at Africa Oil Week.

The transport services sector has been severely affected by the pandemic, but help is at hand. Digital transformation is set to disrupt the sector – technology has transformed the railway industry globally and implementing technological innovations could be a game-changer for rail transport in South Africa. Read more on page 17.

Celebrating Women’s Month in August, Opportunity interviews the newly appointed CEO of Petroleum Agency South Africa, Dr Phindile Masangane (page 12), as well as founder and owner of Nemesis Accounting, Shani Naidoo (page 14).

The South African Chamber of Commerce and Industry (SACCI) has a pivotal role to play in guiding the business of its 22 000 members. The Chamber believes that businesses should actively engage in the strategic and recovery implementation processes towards inclusive growth – read more in the CEO’s message on page 4.

Let’s work together in building a resilient, risk-savvy and formidable nation.

Alexis Knipe, Editor

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South African women have become increasingly<br />

prominent in sectors that were previously dominated<br />

by men. However, the representation of female<br />

engineers in the rail sector is still disproportionate.<br />

“I am passionate about young women taking up<br />

careers in science, technology, engineering and<br />

maths (STEM) sectors,” says Tshepo Kgare, RSR<br />

ACEO. The railways offer exciting career paths<br />

such as railway inspectors, human factor specialists<br />

and Overhead Track Equipment (OHTE) specialists<br />

among others.<br />

The Association of South African Women in<br />

Science and Engineering, under the helm of the<br />

University of Cape Town states that South Africa<br />

has a critical shortage of trained technological<br />

professionals to the degree that there was only 49<br />

scientist and engineers involved in research 40<br />

years back.<br />

The RSR views the empowerment of women in<br />

science and engineering as a business imperative<br />

to build an inclusive community. The Regulator<br />

follows equitable employment and skills development<br />

practices, nevertheless have to acknowledge that the<br />

sector is still miles from levelling the playing field.<br />

____ __ ___ __ _ _<br />

“I am passionate about<br />

young women taking<br />

up careers in science,<br />

technology, engineering<br />

and maths (STEM)<br />

sectors.” – Tshepo Kgare<br />

_____ __ ___ __ _ _<br />

According to the ACEO, Tshepo Kgare, we have to be<br />

the change we want to see.<br />

“We need to encourage girls to push the boundaries<br />

and to reach fearlessly for what they want. Together we<br />

can disrupt the collective barriers that impede women<br />

from entering the rail sector,” said Kgare.<br />

LET US CONTINUE TO PROTECT OUR RAIL ICONS<br />

Covid-19 has proven to be a disruption not only to the<br />

economy and health system, but to all facets of life. To<br />

this effect, rail is no exception. The nationwide lockdown<br />

resulted in most rail operators suspending their<br />

operations, while those who remained to operate did so<br />

under strict regulations and restrictions.<br />

As the country moved to Alert Level 4 of the lockdown<br />

in May, the Minister of Transport, Honourable<br />

Fikile Mbalula issued directives to address, prevent and<br />

combat the spread of Covid-19 in the rail operations.<br />

As custodians of rail safety, the RSR played a central<br />

role in ensuring that rail operators comprehend and<br />

comply with the directives.<br />

At the heart of the directives was an entreaty to operators<br />

to demonstrate the health and safety measures<br />

put in place to ensure that their operations are compliant<br />

to the prescribed regulations. This encompassed,<br />

inter alia, the protection of rail workers.<br />

To accentuate on the clarion call to protect rail<br />

workers, the RSR launched the Siyabavikela Campaign<br />

at the beginning of June. The campaign which focusses<br />

on protecting rail workers aims to heighten awareness<br />

and reinforce the compliance that is required from<br />

operators as far as social distancing and personal protective<br />

equipment is concerned.<br />

The campaign has been received very well by rail<br />

operators who responded by sharing photos of rail<br />

employees wearing masks, maintaining social distancing<br />

and sanitizing their hands among other things.<br />

These responses, coupled with the Covid-19 response<br />

plans received from operators, as well as Covid-19<br />

reports and updates, gives the Regulator comfort<br />

that the industry is on the right track. In the words of<br />

President Cyril Ramaphosa, “The task of dealing with<br />

the coronavirus pandemic is like running a marathon<br />

and not a sprint.”<br />

The World Health Organisation has also cautioned<br />

that the coronavirus pandemic will be with us for quite<br />

some time. In light of this, the ball is in the court of<br />

all rail stakeholders to ensure that we fight with the<br />

pandemic and continue to protect our rail icons!<br />

___ __<br />

The RSR is a<br />

government agency<br />

established in terms<br />

of the National<br />

Railway Safety<br />

Regulator Act,<br />

No 16 of 2002 (as<br />

amended) to oversee<br />

and enforce safety<br />

compliance by all<br />

railway operators<br />

in South Africa,<br />

including those<br />

of neighbouring<br />

states whose<br />

rail operations enter<br />

South Africa.<br />

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