Latest news with #Sacca
The Citizen
4 days ago
- Business
- The Citizen
SA targets 42 million passengers through airports by 2029
Acsa has a major capital program that they want to roll out over the next three years. Transport Minister Barbara Creecy says in recognition of the key role aviation can play in economic development, her department is targeting to reach 42 million passengers and 1.2 million tons of air freight through the Airports Company of South Africa's (Acsa) network of airports by 2029. Creecy made the remarks at the 3rd Next Generation of Aviation Professionals Global Summit being held at the Durban ICC. The three-day event, which commenced on Tuesday, aims to address aviation's urgent need for millions of new skilled professionals to work in the aviation sector globally. Acsa capital programme Creecy said Acsa has a major capital programme that they want to roll out over the next three years. 'It includes a new cargo terminal at OR Tambo International Airport, as well as upgrading passenger facilities at our other network of airports. Of course, we work a lot with other departments in government. 'Minister [Patricia] de Lille in the tourism sector is very responsible for bringing visitors to our country. Obviously, Minister [Parks] Tau in Trade and Industry is also helping us to position aviation as an enabler of the African Free Trade area, and I think that working together with those other departments, we are in a position to boost the travel footprint in our airports and also to increase the amount of cargo that we would be Moving by air,' Creecy said. AVIATION GLOBAL PROFESSIONAL SUMMIT [WATCH] The Minister of Transport @BarbaraCreecy_ delivering a keynote address @icao 80 next Generation of Aviation Professionals Global Summit in Durban#ICAOGlobalSummit @GovernmentZA — Department of Transport (@Dotransport) August 12, 2025 ALSO READ: Creecy steps in to resolve dispute over Acsa baggage screening services New opportunities Meanwhile, the South African Civil Aviation Commission (Sacca) at the summit, emphasised the need to create new opportunities for the next generation in the aviation sector. Sacca director Poppy Khoza said the aviation regulator understands that the future of the industry is inextricably linked to our ability to attract, train and retain young talent. 'We are proud to have aligned our youth development initiatives with ICAO's [International Civil Aviation Organization] Next Generation of Aviation Professionals (NGAP) strategy — a vision we support not only in principle, but through deliberate and sustained action,' Khoza said. 'As South Africa and the Sacaa in particular, by raising our hand in this critical discussion on building skills and young talent, we are hopefully demonstrating the urgency by which we view this initiative 'Our aim is to transform lives, ensure that potential is realised and we wish to redirect futures in a way that will contribute to this very important industry that directly influence socio-economic growth,' she said. NOW READ: Aviation Co-ordination Services rejects Acsa claims over OR Tambo grenade security breach Aviation professionals Secretary-general of the of the ICAO Juan Carlos Salazar stressed the importance of professionals in the aviation sector. 'Every time we board an aircraft, our safety and comfort depend on the skills of dozens of aviation professionals, most of whom we never see.' Salazar said these professionals represent just a fraction of the global aviation workforce that connects the world. 'By the time today's toddlers are graduating from high school, ICAO forecasts that global air transport will need over one million cabin crew alone. 'We will need almost 700 000 aircraft maintenance engineers and technicians, and almost as many pilots. Over 130 000 air traffic controllers will need to be trained and recruited,' Salazar said. The energy is electric in Durban as delegates from across the globe touch down for the NGAP Global Summit 2025. From aviation trailblazers to next-gen innovators, the brightest minds are gathering to Innovate. Educate. Inspire. This is where ideas take flight, connections are… — SA Civil Aviation Authority – SACAA (@OfficialSACAA) August 12, 2025 Technology Salazar said revolutionary technologies are reshaping aviation sector, whole automation, AI and advanced air mobility are transforming our airspace. He added that digitalisation and data analytics are enhancing operations and sustainability solutions are driving the path to net-zero emissions. Salazar said the 2025 NGAP Global Summit will be remembered as a 'key milestone in the scaling up and refinement of this programme as we achieve these ambitions'. Ambassadors The summit coincides with the launch of the new ICAO Global Ambassadors Programme, a flagship initiative that will mobilise passionate aviation professionals from around the world to serve as role models, advocates and messengers for our industry. The volunteers will visit schools, mentor youth and engage with communities to make aviation careers more visible and accessible to all. ALSO READ: Millions of litres of jet fuel secured to address OR Tambo shortage
Yahoo
14-02-2025
- Business
- Yahoo
He Made $171 Trading Futures When He Was Only 13–Now He's Worth $1.2 Billion—Investing Prodigy Tells His Story
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Investor Chris Sacca is not as well known as his more famous contemporaries like Warren Buffett and Ray Dalio, but then again, he's only just getting started. The 49-year-old billionaire has been investing since he was 13 when he made $171 on an options trade. He has had a knack for picking winners ever since and made a fortune on early investments in companies like Instagram and Uber (NYSE: UBER). Today, he is the head honcho at the Lowercarbon Capital Fund and Forbes magazine estimated his net worth at $1.2 billion in 2021. As is the case with many successful investors, Chris' interest in investing was sparked by the mentorship of a family friend. He recounted the story of his first trade during an appearance last month on the "The Tim Ferriss Show" podcast. Don't Miss: Unlock the hidden potential of commercial real estate — The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. Sacca said it all started when he was working for a construction company run by his father's best friend Bob Haas. Haas was also an investor, and he showed Sacca his computer trading account. Sacca was immediately fascinated and Haas sweetened the pot with an interesting proposition. He offered to pay for Sacca to make one trade and eat the loss if it didn't work but split the profits if Sacca's trade made money. Sacca said Haas summed up the deal by explaining, "That's called venture capital." At the time, neither Sacca nor his parents had any experience investing, so Haas gave him one week to do market research and figure out what trade he wanted to make. It would be an understatement to say Sacca took his first stab at being an investment analyst seriously. Trending: If there was a new fund backed by Jeff Bezos offering a ? He told the podcast, 'I went to the library, I started learning about Stochastics, about charts, and technical analysis. I went all in. I read everything. I studied everything.' He eventually settled on commodities and discovered an opportunity in live hog futures that piqued his interest. Sacca made the trade and it was a winner. He pocketed $171 in profits, which was a lot more than the $4.25/hour Haas paid him for manual labor. He recalled being amazed that he could make that kind of money "by pushing a button and using my brain.' Sacca knew where his future was from that moment forward and told the podcast, 'I was like, 'I want to be the guy who works upstairs.' I can't tell you how seminal that experience was for me, the rest of my life. There's only so far you can lever a man-hour.'He became an avid stock-market observer and even remembers carrying a pager to school to alert him to big events in the market. Sacca completed his education in 2000 with a law degree from Georgetown University and then got a job working as an in-house attorney for Google. He continued his penchant for making great deals by becoming an early investor in Twitter. After that, Sacca started his own venture capital firm, Lowercase Capital, and made early investments in a string of successful startups that included Kickstarter, Uber, and Stripe. His net worth swelled along the way and Sacca announced his retirement from traditional venture capital investing. His current project is an investment fund called Lowercarbon Capital, which focuses on funding startups that reduce carbon emissions. Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. to decide which one is right for you. The changing interest rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through dividend stocks... Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities and Benzinga has identified some of the most attractive options for you to consider. For instance, the from EquityMultiple targets stable income from senior commercial real estate debt positions and has a historical distribution yield of 12.1% backed by real assets. With payment priority and flexible liquidity options, the Ascent Income Fund is a cornerstone investment vehicle for income-focused investors. First-time investors with EquityMultiple can now invest in the Ascent Income Fund with a reduced minimum of just $5,000. . Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. This article He Made $171 Trading Futures When He Was Only 13–Now He's Worth $1.2 Billion—Investing Prodigy Tells His Story originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
