16 June 2019


Youth urged to take advantage of 4th Industrial Revolution  

by: Thebeetsile Keameditse   date: 20 july 2018

Speakers at the North West BRICS [Brazil, Russia, India, China and South Africa] outreach programme have called on young people in the province to unleash their potential and take advantage of opportunities presented to them by the fourth industrial revolution. 

The speakers were addressing a gathering in Potchefstroom in the JB Marks Local Municipality, as part of the roadshows held in different provinces before the 10th BRICS Summit to be held in Johannesburg next week.  
South Africa is a member of five developing countries that formed BRICS.
This economic bloc is recognised as a new institution of global governance and aims to provide mutual support for these nations to achieve both their domestic as well as international relations developmental objectives.  

Addressing the gathering hosted under the theme “BRICS in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the 4th Industrial Revolution,” MEC for Finance, Economy and Enterprise Development (FEED), Wendy Nelson, expressed confidence that BRICS holds the key to the development of South African youth.

“We want young people to take advantage of the fourth industrial revolution opportunities presented to us through the BRICS roadshow and the partnership itself. BRICS has a development bank also intended to assist us to acquire funds and create businesses that can shake the world and create jobs. So, with BRICS the future looks bright,” said Nelson. 

Chief Executive Officer (CEO) of North West Development Corporation (NWDC), Tshepo Phetla, said through BRICS, the agency was on the right path to promoting economic development by creating job opportunities and wealth for the people of the province. 

“Companies exhibiting here today are companies that we are looking to assist. We also want to ensure those companies have market in the North West and also in BRICS. We are also benchmarking with BRICS countries to expose all innovation to them and see if we can’t get investors to make the necessary global impact,” said Phetla. 

Rwanda’s High Commissioner to South Africa, Vincent Karega,said he believes that Africa has got the potential to lead in opportunities available in the fourth industrial revolution.

“South Africa is a door to Africa in the BRICS initiatives. We have the biggest young population in the world on a massive land and vibrant cultures. We need to continue to consolidate our markets and skills by doing more social investment. There are markets selling to us very expensive products from our mines. We need to change that if we want to lead and attract investments in Africa,” said Karega.

One of the exhibitors, Samuel Mamathuntsha (28) of Hydro SA, wishes to see the company’s renewable energy project funded to become an alternative source of power. 

“In South Africa there’s a need for alternative source of power because of environmental impact that the production of energy has. So, this source of energy is renewable and green [unlike] coal which we know produces emissions,” said Mamathuntsha, showing optimism that the BRICS Summit would assist Hydro SA in finding investors. 
Next week from 25 to 27 July, delegates from BRICS countries together with potential investors will converge in South Africa for the 10th BRICS Summit. The summit will provide a strategic platform for South Africa to expose BRICS partners to a dynamic and diverse experience on the Southern tip of the African continent.