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

Relocating rhino to create new breeding populations

first_img24 March 2015Nineteen black rhino were recently released at an undisclosed location in South Africa to create a new breeding population of the critically endangered animals.The animals form the 10th population to be facilitated through WWF South Africa’s Black Rhino Range Expansion Project and were made available through the Eastern Cape Parks and Tourism Agency. Growing rhino populations is part of WWF South Africa’s five-point rhino plan.Black rhino are more at risk of extinction than white rhino due to their low numbers. Since the start of the programme in 2003, around 160 black rhino have been relocated to form new breeding populations, and more than 50 calves have been born on project sites.Management plan“We are extremely proud of the agency’s contribution to the conservation of this species,” said Vuyani Dayimani, CEO of Eastern Cape Parks and Tourism Agency. “By doing this the agency is actively contributing to the achievement of the objectives of the national biodiversity management plan for black rhino in South Africa.”One of the key objectives of this plan is to grow the national population as rapidly as possible by harvesting animals from populations that are at or near ecological carrying capacity and using these animals to create new populations. This harvesting stimulates growth in the donor population and also makes animals available for the creation of new populations.“We are really grateful for Eastern Cape Parks and Tourism Agency’s progressive approach to the conservation of black rhino,” said Dr Jacques Flamand, head of the Black Rhino Range Expansion Project.Commitment“It requires a genuine commitment to conservation to entrust others with the care of such a large group of these precious animals; but this is for the greater good of the species. Establishing a new population is extremely exciting for us because this is essentially what the project works towards. To see our efforts come to fruition is very encouraging.”The Black Rhino Range Expansion Project aims to increase the numbers of black rhino by encouraging rapid population growth. It is a vital part of South Africa’s drive to reach a target of 3 000 black rhino. According to Dr Flamand: “South Africa now has significantly more black rhino than there would have been without the project’s intervention.“Founder populations released on to large areas of land have the potential to increase quickly in number. And moving rhinos from our major parks relieves pressure, allowing for more rapid growth both at source and in their new terrain.”SecurityThe Western Black rhino, a subspecies of the black rhino, was officially declared extinct in 2013 after last being seen in 2006.The recent translocation involved WWF and Eastern Cape Parks and Tourism Agency with help from SANParks and Ezemvelo KZN Wildlife. Six wildlife veterinarians participated in the project that saw darted animals being airlifted by helicopter to a central loading area where they were loaded into crates and prepared for a road trip to their new home.“The project was kept secret for security reasons and one of the highlights of the operation was the manner in which the different state agencies supported and assisted each other to ensure its success,” said Dayimani.As well as focusing on population growth, the Black Rhino Range Expansion Project supports security efforts on major rhino reserves. It is funded by WWF Netherlands and supported by the Ford Wildlife Fund. Founder populations for the project sites have come from game reserves managed by Ezemvelo KZN Wildlife and Eastern Cape Parks and Tourism Agency.Source: World Wildlife Fund South Africalast_img read more

Over 3 lakh ‘diya’ lit on banks of Sarayu river in new world record

first_imgA new world record was set in the holy city of Ayodhya on the eve of Diwali on Tuesday with over three lakh “diya” or earthen lamps lit up simultaneously on the banks of the Sarayu river, officials said.Rishi Nath, official adjudicator of the Guinness World Records, made the announcement that the record was created at the Deepotsav event on the ghats here. “A total of 3,01,152 diya were lit up simultaneously for a period of five minutes, which is a new record,” Mr. Nath said in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and South Korean First Lady Kim Jung-sook.The target was to illuminate a total of 3.35 lakh diya on both sides of the ghats at Ram Ki Paidi here.“It beat the earlier record set in Haryana in 2016, where at an event 1,50,009 diya were lit,” Mr. Nath said and hailed the new record as “phenomenal”.last_img read more

Indian boxer beats Chinese rival but doesn’t want his belt

first_imgLATEST STORIES Indian boxing and WBO Asia-Pacific Super Middleweight champion Vijender Singh, left, fights with WBO Oriental Super Middleweight champion of China Zulpikar Maimaitiali, right, during their fight for the double title in Mumbai, India, Saturday, Aug. 5, 2017. (AP Photo/Rafiq Maqbool)NEW DELHI — Indian boxer Vijender Singh won his fight on Saturday and then offered to give his Chinese opponent’s belt back in a gesture of peace between the two rival nations.The fight against China’s Zulpikar Maimaitiali went all 10 rounds with Singh the winner in a unanimous verdict — 96-93, 95-94, 95-94.ADVERTISEMENT Singh successfully defended his WBO Asia Pacific super middleweight title and also took his opponent’s WBO Oriental super middleweight belt.Singh hugged top Bollywood star Amitabh Bachchan and other celebrities among fans at the National Sports Club of India in Mumbai, the country’s financial and entertainment capital.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsSingh then came back into the ring, took the microphone and said: “I don’t want this title. I will give it back to Zulpikar.”He added: “I don’t want tension on the border. It’s a message of peace. That’s important.” Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant Robredo should’ve resigned as drug czar after lack of trust issue – Panelo The countries have been involved in a lingering dispute over a contested region high in the Himalayas where China, India and Bhutan meet.Sports Related Videospowered by AdSparcRead Next FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress Don’t miss out on the latest news and information. DILG, PNP back suspension of classes during SEA Games View comments Lacson: SEA Games fund put in foundation like ‘Napoles case’ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Trump strips away truth with hunky topless photo tweet MOST READ NGCP on security risk: Chinese just technical advisers Told to quit, Benedicto finishes race despite adversitieslast_img read more

Ban vs Ire: Bangladesh beat Ireland by 27 runs

first_imgBangladesh beat Ireland by 27 runs in their Group B match of the cricket World Cup in Mirpur on Friday. Score Earlier, Bangladesh were let down by a shoddy batting performance as a disciplined Ireland skittled them out for 205 in a Group B match.Electing to bat, Bangladesh’s batsmen failed to build partnerships with Tamim Iqbal (44), Mushfiqur Rahim (36) and Raqibul Hasan (38) being the only noteworthy contributors to the total.To Bangladesh’s embarrassment, the team did not even last the full 50 overs and folded up in 49.2 overs.The Irish had got the better of Bangladesh even in the previous edition of the World Cup and had the upperhand for most of the first half of the crunch game a loss in which would severely jeopardise the co-hosts’ chances of advancing to the quarterfinals.It was a fantastic start to the proceedings for the hosts after winning the toss as they raced to their 50 in just 5.4 overs.But the slide was not too far either and it started with opener Imrul Kayes (12) being sent back by pacer John Mooney in the seventh over.Next man in, Junaid Siddique, didn’t last long either and was run out by Ed Joyce after contributing just three runs to the total.Three overs after Siddique’s dismissal, Bangladesh were dealt a massive blow when Tamim was dismissed by Andre Botha.After striking seven boundaries in his 43-ball knock, Tamim drove Botha outside off stump only to be caught by Irish skipper William Porterfield at point, leaving the packed crowd stunned in silence.With skipper Shakib Al Hasan also making a hasty exit after contributing 16 runs, Bangladesh were in dire straits at 86/4 in just the 16th over.But Rahim and Raqibul got together to put on 61 runs for the fifth wicket and steady the rocking boat, albeit temporarily.Their partnership was broken when Rahim’s attempted sweep off 18-year-old spinner George Dockrell landed straight into the hands of Andrew White.His dismissal triggered another collapse with senior batsman and former captain Mohammad Ashraful (1), who was brought back into the side to strengthen the faltering line-up, coming a cropper lasting just one over.Given the top-order collapse, the tail could not do much either save for Naeem Islam, who added 29 vital runs to the score including three boundaries.For Ireland, Botha picked up three wickets, conceding just 32 runs in his nine runs, while Dockrell clinched a couple of scalps in his 10 overs during which he gave only 23 runs.advertisement- With PTI inputslast_img read more

Blackwater flaunts depth in win over Rain or Shine

first_imgSports Related Videospowered by AdSparcRead Next Two-day strike in Bicol fails to cripple transport The Elite still drew 16 points from Parks, who came up big down the stretch, going 6-of-6 from the free throw line in the final one minute and 29 seconds with the Painters threatening.Mike DiGregorio also had 16 while import Alex Stepheson posted 13 points and 20 rebounds. Roi Sumang also had himself a night with 11 points, five rebounds, seven assists and three steals while Mac Belo chipped in seven points and seven rebounds.“They played really, really well tonight as a team. We did what we wanted to do, we played great defense.”ADVERTISEMENT LATEST STORIES Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss DA eyes importing ‘galunggong’ anew MOST READ Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue PBA IMAGESRay Parks has been the consistent headliner for Blackwater in its campaign early in the 2019 PBA Commissioner’s Cup.The Elite, however, have depth and they showed just that in a 98-92 win over the Rain or Shine Elasto Painters on Sunday.ADVERTISEMENT Catholic schools seek legislated pay hike, toocenter_img PDEA chief backs Robredo in revealing ‘discoveries’ on drug war Blackwater bounces back, holds off Rain or Shine for 4-1 record Private companies step in to help SEA Games hosting Blackwater had multiple players having significant impact with five players scoring double-digits led by Allein Maliksi’s 19 points.“What we want for our team is to not be just a one-man show,” Blackwater coach Aris Dimaunahan said in Filipino after steering his team to its fourth win in five outings.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“We want everybody to contribute not just in scoring but if we let them play, they’ll contribute in every way possible whether it be diving for the ball, boxing out or defending top caliber players.”Parks came into the game having scored at least 20 points in his first four games in the PBA but Blackwater didn’t need its prized rookie to score as much this time with several players stepping up. View comments Cayetano: Senate, Drilon to be blamed for SEA Games mess Don’t miss out on the latest news and information. ‘Rebel attack’ no cause for concern-PNP, AFPlast_img read more