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The prestigious Top Women Awards celebrate top companies and individuals at the forefront of gender empowerment. Last year, KPMG was awarded the Top Gender Empowered Company Award and the award for the Financial Sector category. This year’s Award recognises our sustained deep commitment to gender empowerment.
“Women Matter”, a McKinsey & Company study, suggests that the companies where women are most strongly represented at board or top-management level are also the companies that perform best. From this and various other similar studies, it is evident that having women on boards has an economic impact on the financial performance of organisations.
It has been noted that cities are key to connecting countries to the increasingly globalized world – in many instances cities serve as both economic and creative hubs. In Africa, we are seeing a trend of rapid-urbanisation, with many Africans seeking a better future and prospect in the developed cities of the continent. As a result, these cities are facing ever-increasing challenges. These challenges include service delivery and the massive infrastructure deficit.
South Africa and Mauritius have concluded a new double tax agreement (“DTA”) on 17 May 2013. Depending on how quickly the final processes can be implemented, the new DTA may come into effect as soon as 1 January 2014. We summarise below some of the key features of the new treaty.
Two of the goals as set out in the National Development Plan (NDP) are the transformation of urban and rural spaces in South Africa and investment into a strong network of economic infrastructure designed to support medium to long-term objectives.
Given South Africa’s heavy reliance on energy-intensive industries such as mining and manufacturing, it should come as no surprise that the country now boasts Africa’s most comprehensive and transparent energy policy. Ensuring a secure source of power is central to the country’s growth. South Africa currently uses some 40 percent of the total electricity consumed on the continent and outside of a few peak periods where power is imported from the Democratic Republic of Congo (DRC) – the country is largely self-sufficient in power generation. With steadily climbing economic and demographic growth rates, it is clear that the country will require continuous capacity increases to keep pace with projected growth.
South Africa has – in many ways – outstripped Africa’s rate of development by leaps and bounds. Since the arrival of democracy in 1995, the country has enjoyed a veritable infrastructure renaissance that has only been picking up steam over the past decade.
KPMG names six African infrastructure projects among the 100 most innovative global infrastructure projects that make cities liveable and sustainable …