South Africa’s macro-economic environment is resilient and we are open for business

first_img• Our prudent fiscal management and monetary policies have created macroeconomic stability.• According to the World Economic Forum’s Global Competitiveness Index 2015/16, South Africa improved by four places to stand at 85 out of 140 countries in terms of its macro-economic environment.• South Africa is a competitive business and investment destination.• The country recently climbed seven places to take a spot in the top 50 out of 140 countries in WEF’s Global Competitiveness Index.  South Africa stands at number 49.• South Africa is also ranked fourth out of 54 African countries in the Ibrahim Index on African Governance.• Changing global economic conditions will necessitate the strengthening of our policy framework to ensure we can respond effectively.• South Africa is cognisant of the impact of the falling commodity prices, on our economy.   The weakness in commodity prices is a concern for major commodity exporters such as South Africa. The fall in commodity prices is unlikely to reverse and will have a sustained impact on emerging market economies.  This will serve as an impetus to prioritise the further diversification of our economy away from an over-reliance on commodities.• The depreciation of the rand occurs within a broader international context which is currently characterised by a fair amount of turbulence• The implementation of the National Development Plan (NDP) remains the cornerstone of our economy.• The NDP is supported by the Nine-Point plan for economic renewal.• In supporting the NDP government is acting to alleviate the most binding constraints to growth and has set out a series of urgent economic reforms to build a more competitive economy. These include:1. Continued investment in economic infrastructure2. Reforming the governance of the State Owned Companies, rationalising state holding and encouraging private-sector participation3. Expanding the independent power producer programme4. Encouraging affordable, reliable and accessible broadband access5. Promoting black ownership of productive industrial assets6. Finalising amendments to the Mineral and Petroleum Resources Development Act (2002), and continuing dialogue with the industry; and7. Reviewing business incentive programmes in all economic sectors to ensure that resources support labour-intensive, job creating outcomes.Operation Phakisa is a national response to unlocking constraints to economic growth and development.last_img read more

6 Things You May Have Missed in the News

first_imgNew cameras, lenses, software, and record breaking box office numbers. Here are the latest and greatest articles from the past few weeks.We’ve seen plenty of headlines since our last news roundup. Check out this list of industry news you may have missed.1. Rokinon Announces XEEN, a New Line of Cinema Prime LensesImage via nofilmschool.comSamyang/Rokinon have announced XEEN cinema prime lenses. It’s rumored that they will offer Canon EF mount, Nikon F, Sony E, Micro Four Thirds, and PL mounts. Check out more details about these new lenses over at No Film School. You can also try to decipher the new homepage for the lenses at xeenglobal.com.2. Panasonic GX8Panasonic’s latest mirrorless camera is the new GX8. The camera shoots 4K and apparently offers some revolutionary stabilization. The classic style body boasts a 20.3 megapixel sensor, making it the first micro four thirds camera to surpass 16 megapixels. The camera will set you back $1200. See more over at Gizmodo. 5. Universal Pictures Already Has the Highest Grossing Year Ever for a StudioUniversal Pictures has already grossed $5.53 Billion in 2015, and it’s only August. That breaks 20th Century Fox’s $5.52 Billion record for the entire 2014 year. Jurassic World had the biggest global opening of all time, following the studios box office domination for Furious 7. Minions had the second biggest opening weekend for a animated film, while 50 Shades of Grey and Pitch Perfect 2 rounded out the highest-grossing films. All this and the studio is about to release the anticipated N.W.A. biopic Straight Outta Compton. Check out more at Entertainment Weekly.6. DJI Releases the Phantom 3 StandardAfter the release of the Phantom 3 Professional and Phantom 3 Advanced, DJI released a new camera for this beginner edition of their famous entry-level quadcopter. The Phantom 3 Standard comes with a camera that shoots 2.7K video at 30fps and 12 megapixels photos in RAW or JPG.The camera settings and controls will and run through the updated DJI Go app. A single charged battery averages 25 minutes of flight time. The Phantom 3 Standard starts at $799. This version is $200 cheaper than the Phantom 3 Advanced, and honestly feels like an unnecessary addition to the Phantom series. 4. DaVinci Resolve 12 Beta Release & TutorialWe previously mentioned the release of the DaVinci Resolve 12 Beta. As users begin checking out the changes, we are starting to get a taste of the improvements in this color grading software.Casey Faris, from Ground Control Color, sent us this awesome in-depth tutorial. Not only does it show off some of the new features, but it’s also a great intro to DaVinci Resolve for newcomers. 3. Canon C300 Mark IIWhen Canon first announced the ME20F-SH, we questioned the need for a 4 million+ ISO camera. Now they’ve finally released some updated info on the highly anticipated C300 Mark II. Canon’s Jon Sagud met up with Zacuto for a great look at the new features. When released, the body alone will cost you $15,999. That price point may be enough to make people jump from Canon to another brand. Discover any new gear you need to buy? Was this news roundup helpful? Let us know in the comments below.last_img read more

Parrikar makes birthday resolution

first_imgPanaji – Goa Chief Minister Manohar Parrikar on his 62nd birthday on Wednesday said in the coming year he would work towards extending the duration the State Legislative Assembly meets to more than 45 days a year. He was speaking to reporters at the State Legislative Assembly complex after cutting a cake in the presence of legislators and Speaker Pramod Sawant during a break in the winter session of the Assembly, which began on Wednesday. Mr. Parrikar said, “My resolution is that the House should run for a longer period. From the coming budget session, the House should run for a minimum of 40-45 days a year. So, next year, I will cross 40 days because if a House functions for a longer time, then those who asks several questions can then spread their questions over more days. If the House does not run for a longer time, there are no pointed questions. If there are no sharp questions, there are no solutions.”last_img read more