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From Local Success to Global Impact: Insights from Hisense's Participation in the Black Industrialists Conference

JOHANNESBURG, South Africa, April 24, 2024 (GLOBE NEWSWIRE) — Hisense South Africa is set to make a significant impact at the Black Industrialists and Exporters Conference, showcasing its commitment to innovation, economic growth, and community empowerment. The event, focused on economic transformation and job creation, provides a fitting platform for Hisense to highlight its contributions to these crucial areas.

With a strong emphasis on local production and global excellence, Hisense stands as a beacon of success and progress in the consumer electronics and home appliance industry. Employing over 5000 people directly and indirectly, with key infrastructure such as two warehouses and a factory in Atlantis, Hisense plays a vital role in driving employment opportunities and fostering economic prosperity in South Africa.

Hisense's global recognition as the Best TV Brand in 2024 by Mybroadband and its impressive ranking as the No. 2 player in global TV shipments underscore its commitment to delivering high–quality products and generating substantial revenue for the South African economy.

As Hisense prepares to join the Black Industrialists and Exporters Conference, its participation is more than just an event—it's a testament to its core values and mission. The recent celebration of the 10th anniversary of its Atlantis factory further emphasizes Hisense's long–term dedication to local communities and its Proudly South African identity.

Additionally, Hisense's products are exported to more than 10 countries in neighbouring regions, including Namibia, Mozambique, Zimbabwe, Malawi, Zambia and Botswana. This expansion highlights Hisense's regional presence and market penetration, with continuous efforts over the last 28 years contributing to significant growth in their LED TV and refrigeration unit market share by 33.7% and 31.4%, respectively, with the latest Market share in February 2024 being 43.8% and 28.3% for Home Appliances and TV’s. This success positions Hisense as a key player in the marketplace, ranked third for refrigeration products.

By participating in the Black Industrialists and Exporters Conference, Hisense reaffirms its position as a key driver of economic growth, innovation, and community engagement in South Africa and beyond. As an active participation our belief in the benefits of liberalized preferences and our commitment to supporting South African businesses. Today, Hisense proudly pledges a total of 1.1 billion Rands on procurement spend on Black Industrialist / Business within the next 5 years. The event provides a platform to showcase Hisense's achievements, values, impacts, contributions, and ongoing commitment to empowering communities and shaping a brighter future for all.

Contact:
Henru van der Merwe – henru.vandermerwe@hisense.com


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Africa’s Tax Experts Unite in Nairobi for Landmark Symposium and Masterclass!

AMSTERDAM, April 23, 2024 (GLOBE NEWSWIRE) — The symposium, which takes place on 29 to 31 May, will explore the theme: “Trends in International Taxation – An African Perspective”. It offers a unique opportunity for tax professionals to engage in critical discussions about the issues shaping the future of African tax landscapes. With a focus on practical challenges, participants will delve into navigating domestic regulations, tax treaties and the complexities of tax in trade and investment.

“The Africa Tax Symposium is a powerful convening force”, says Belema R. Obuoforibo, Director of the IBFD Knowledge Centre, Executive Board Member, and Chair of the Centre for Studies in African Taxation (CSAT). “It fosters a dynamic exchange of ideas between policymakers, practitioners and academics, all united in shaping a stronger future for African taxation. This is a unique opportunity to build a truly global network of tax professionals and thought leaders, one that transcends borders and fuels innovation”.

Taking place two days prior to the Symposium, on 27 to 28 May, is the International Taxation and Transfer Pricing Masterclass, a must–attend event for African tax professionals looking to sharpen their skills. This intensive two–day course will cover the latest international tax developments and their impact on Africa. Key topics include global minimum tax implementation, cross–border payments and transfer pricing.

In addition to gaining valuable knowledge, attendees will have the opportunity to network with fellow tax professionals and exchange insights with leading experts. Register before 26 April to secure a 10% early bird discount. Visit https://www.ibfd.org/events/ibfd–masterclass–selected–issues–international–taxation–and–transfer–pricing to secure your spot at this unparalleled event.

Don’t miss out on the chance to join the conversation, share your expertise and be part of the future of African taxation. Register today for the 9th Africa Tax Symposium and Masterclass, where knowledge, collaboration and innovation converge. Find out more and register at https://www.ibfd.org/events/9th–africa–tax–symposium.

Contact information: Phil Windus, Senior Marketing Coordinator: p.windus@ibfd.org.

About IBFD
The International Bureau of Fiscal Documentation (IBFD) is a leading independent, non–profit organization specializing in tax research and education. With its high–quality research, training and information services, IBFD serves governments, international organizations, academia and the business sector in over 150 countries.


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