While NEPAD and NBF have worked closely together since the creation of the NBF in 2004, this agreement marks a new chapter for both organizations, which aims to harness the development potential of the African private sector. The agreement will enhance the continent`s commercial potential through joint projects, drawing on the resources, experience and expertise of both NEPAD and NBF. This formal agreement will focus on the development of the African private sector to facilitate trade, training, skills development, technology and facilitation of public-private partnerships (PPPs). This last point is one of the most effective ways to achieve infrastructure development in Africa, and a number of countries are exploring these means of development. Phakamile Hlubi-Majola, spokesman for Numsa, said the agreement includes an increase in the transport allowance and a one-time payment of 7500 R7500. The agreement binds producers and workers for the next three years. The number of companies associated for hours is increased by 9% in the first year and, for the second and third years of the agreement, they receive an increase in accordance with the consumer price index or 7%, depending on the highest value. NEPAD and NBF have extensive experience, information and expertise in a wide range of relevant areas, in collaboration with like-minded institutions and companies. This agreement aims to improve the coordinated development of the African trading environment. The Automobile Manufacturers and Employers Association (AMEO) has successfully concluded negotiations at the National Bargaining Forum 2019 with the National Union of Metalworkers of South Africa (NUMSA) with the signing of a three-year contract. The Automobile Manufacturers Association (AMEO) has signed a new three-year collective agreement with the National Union of Metalworkers of South Africa (Numsa).

The agreement will help South African-based vehicle manufacturers achieve long-term planning, model allocation and volume planning, he adds. The NBF agreements between AMEO and NUMSA were signed on September 12, 2019, but the wage increase will be retroactive from July 1, 2019. This is the third time that the negotiations have concluded without union action. By signing this agreement, the two organizations pledged to continue to support the development of agriculture and food security in Africa, so that the sector becomes an engine of growth for the continent. NEPAD and NBF will work together to achieve the objectives set out in _framework`s Comprehensive Agricultural Development Programme (CAADP), one of the key issues being to promote mechanisms for integrating small farmers into the trade value chain and market access. In the context of the recent extension of the automotive industry and production and development (APDP) programme to 2035, the success of the wage and employment negotiations for the next three years will create a much-needed platform for stability and political security in the automotive industry. The agreement will help South African-based OEMs achieve long-term planning, modeling and volume planning.