Senegal ‘magicians’ hope to do Africa proud at World Cup

first_img0Shares0000Senegal defender Kalidou Koulibaly was part of a Napoli side that finished runners-up to Juventus in Serie A this season © AFP / Emmanuel DUNANDSAMARA, Russian Federation, Jun 27 – Senegal defender Kalidou Koulibaly believes the fact his team represent Africa’s last World Cup hope should motivate the players rather than increase the pressure going into their final game in Group H against Colombia Thursday.It is just Senegal’s second appearance at the tournament, after reaching the quarter-finals on their debut in 2002, and they need a point to secure a place in the last 16 against Jose Pekerman’s side (1400 GMT kick-off). Aliou Cisse’s side will attempt to succeed where the rest of their continental rivals failed, with Egypt, Morocco, Nigeria and Tunisia all set to bow out after the group phase.“I think it should be more of a positive thing rather than pressure,” Napoli centre-back Koulibaly told reporters on Wednesday.“We know we have the whole continent behind us. They’re all going to support us and we know we can do it.”“We know we already have 15 million Senegalese behind us and now we have all the continent. It’s up to us to make them proud, to fly the flag for Senegal and Africa at this World Cup.”Senegal defeated Poland 2-1 in their opening game and twice led Japan before settling for a 2-2 draw that left both countries with four points.Colombia must win in Samara to guarantee a spot in the knockout rounds, with Jose Pekerman’s men impressing in a 3-0 victory over Poland last time out.“We know it’s a very strong Colombia team,” said Koulibaly. “But we have our own weapons and we’ll give our all to win and not concede.“If we do that we’ll qualify. We know in attack we have magicians who are capable of scoring at any moment.“We’re going to do our utmost to get to the last 16 and I think we have everything we need to do that.”The 42-year-old Cisse, who was captain of the Senegal side at the 2002 finals, said the brief for his players will be a straightforward one.“Tomorrow when we get onto the pitch, the instructions to the players will be to play to win,” said Cisse, with Senegal trailing group leaders Japan only on disciplinary record.“I think Colombia and Senegal have practically the same style of play. I think it’s to going to be a keenly disputed match, a very interesting match with two teams who could be in the last 16.”“I think Colombia could pose us some problems but we have a few tricks up our sleeves as well,” added Cisse, who said Mbaye Niang will be fit after limping off in the closing minutes against Japan.0Shares0000(Visited 1 times, 1 visits today)last_img read more

State of the Nation 2010

first_imgInside South Africa’s Parliament duringPresident Jacob Zuma’s State of theNation Address on 11 February 2010.(Image: The Presidency)MEDIA CONTACTS• Vincent MagwenyaPresidential spokesperson+27 72 715 0024RELATED ARTICLES• Zuma welcomes world at Davos• Jacob Zuma on World Aids Day• Medium-term budget: full textThe full text of South African President Jacob Zuma’s State of the Nation Address, delivered to Parliament on the evening of 11 February 2010:Honourable Speaker;Chairperson of the National Council of Provinces;Deputy Speaker of the National Assembly and Deputy Chairperson of the NCOP;Deputy President of the Republic, Honourable Kgalema Motlanthe;Honourable Chief Justice of the Republic of South Africa and all esteemed members of the Judiciary;Isithwalandwe President Nelson Rolihlahla Mandela;Former President FW de Klerk;Our father, Former President Kenneth Kaunda of Zambia;Former Deputy Presidents;Distinguished Premiers and Speakers of our Provinces;Chairperson of SALGA and all local government leadership;Chairperson of the National House of Traditional Leaders;Heads of Chapter 9 Institutions;The Governor of the Reserve Bank;Special international Guests especially the Chairperson of the African Union Commission, Mr Jean Ping;Former political prisoners and veterans;Members of the diplomatic corps;South African and foreign media;Fellow South Africans,Dumelang, molweni, goeie naand, good evening, sanibonani nonke emakhaya!Siyavuya ukuba nani ngobubusuku bubaluleke kangaka.I stand before you this evening, 20 years since President Nelson Rolihlahla Mandela walked out of prison.We have chosen this as the day to call this Joint Sitting of Parliament to deliver the State of the Nation Address, to celebrate a watershed moment that changed our country.The release of Madiba was brought about by the resolute struggles of the South African people.You will recall that the masses of this country, in their different formations, responded with determination to the call to make the country ungovernable and apartheid unworkable.We are celebrating this day with former political prisoners who we have specially invited to join us.We welcome in particular those who have travelled from abroad to be here, Helene Pastoors, Michael Dingake from Botswana, Mr Andimba Toivo ya Toivo of SWAPO in Namibia.We are pleased to be joined by members of the legal team in the Rivonia Treason trial – Lord Joel Joffe, who is now based in London and Judge Arthur Chaskalson.We also remember and pay tribute to Mr Harry Schwarz, who sadly passed away last week.He was amongst other things, a member of the Rivonia defence team.We extend our gratitude to our friends and comrades in the international community, for fighting side by side with us to achieve freedom.We extend a special welcome to the Mandela family.They became a symbol of the sacrifices of many who bore the brunt of apartheid.We greet the leadership of the ruling party and Alliance partners, for whom this is an extra special occasion.Compatriots and friends,On this special day, we must also acknowledge the contribution of those within the leadership of the National Party, who eventually realised that apartheid had no future.Allow me to mention the role played by former President PW Botha.It was he who initiated the discussion about the possible release of political prisoners.President Botha worked with the former Minister of Justice, Mr Kobie Coetzee, who was in turn assisted by Dr Neil Barnard and Mr Mike Louw.They played a significant role in the process leading to the release of Madiba.Honourable Members,South Africa is yet to acknowledge in full, the critical role played by the former President of the ANC, Comrade Oliver Tambo, who laid the foundation for this country to become a shining example of freedom and democracy.It was his outstanding leadership, foresight and clarity of vision that led the ANC to intensify the pursuit of a negotiated settlement.His wisdom was also displayed in the Harare Declaration which he wrote and championed.It was this that laid the groundwork for the historic announcements by President FW de Klerk, 20 years ago.In this, President de Klerk demonstrated great courage and decisive leadership.On this great day, let me also acknowledge the role played by the late Ms Helen Suzman.She was for a long time, a lone voice in Parliament, calling for change.We also recognise the role of the leader of the Inkatha Freedom Party, Inkosi Mangosuthu Buthelezi, who also called for Madiba’s release, as well as that of other prisoners and the return of exiles.We reiterate our heartfelt gratitude to the international community for its unwavering support to our struggle.These moments in our history demonstrate our ability to come together, even under the most difficult of circumstances, and to put the country’s interests first above all other interests.Deur saam te werk, kan ons meer bereik.Honourable members,During the course of this year, we will mark the centenary of the establishment of the Union of South Africa.This created a unitary state.Significantly, the exclusion of black people from this Union was one of the chief reasons for the formation of the African National Congress in 1912.As we mark this centenary later in the year, we should reflect on how far we have travelled as a country.Honourable Members,We recall the words of Madiba on his release, when he said:“I stand before you, not as a prophet but as a humble servant of you, the people.Your tireless and heroic sacrifices have made it possible for me to be here today.I therefore place the remaining years of my life in your hands.”These words inspire us not to rest, until we achieve the ideals of a society free of poverty and deprivation.In the two decades since the release of Madiba, our country has changed fundamentally.President Mandela united this country behind the goal of a non-sexist, non-racial, democratic and prosperous South Africa.As we celebrate Madiba’s release today, let us recommit ourselves to building a better future for all South Africans, black and white.Let us pursue the ideal for which Madiba has fought his entire life – the ideal of a democratic and free society, in which all persons live together in harmony and with equal opportunities.Honourable Members,We called a joint sitting in the evening so that the majority in our country, workers and school children, can be part of the occasion.We are impressed by the enthusiasm of the youth about the occasion.Two hundred and sixty six children from all provinces participated in the pre-State of the Nation debate on the role of the youth in the fight against poverty.We congratulate the overall winner, Charlotte Le Fleur of Worcester Secondary School and all the participants for the hard work.Compatriots and friends,We are meeting against the backdrop of a global economic crisis.Last year, we experienced our first recession in 17 years.The crisis cost our economy about 900 000 jobs.Many of those who lost their jobs were the breadwinners in poor families.In February last year, government, business, labour and community representatives agreed on a package of measures to reduce the scale and impact of the crisis.We have put many of these measures in place.We have implemented decisive anti-recession spending by government, especially on infrastructure.To ensure a safety cushion for the poor, we brought social grant increases forward, and extended the child support grant to children over 14 years of age.In the next three years, an additional two million children from poor households, aged 15 to 18 years, will benefit from the child support grant.The Industrial Development Corporation has put aside R6 billion to help companies in distress.Government introduced a “training lay-off scheme” to allow workers the option of a period of training instead of retrenchment.These efforts were enhanced by our public works programme.The nation will recall that during the 2009 State of the Nation Address, I announced that the Expanded Public Works Programme would create 500 000 work opportunities, by December 2009.Let me reiterate that these are not jobs in the mainstream economy.These are job opportunities created to provide unemployed people with an income, work experience, and training opportunities.Honourable Members, Fellow South Africans,We are pleased to announce that by the end of December, we had created more than 480 000 public works job opportunities, which is 97% of the target we had set.The jobs are in areas like construction, home and community based care, and environmental projects.We have identified some areas of improvement which we will effect going forward, including ensuring more labour intensive projects.We know that these and other measures cannot fully mitigate the effects of the recession.We are grateful for the spirit of family, community and voluntary work that inspires many people to help those most affected by the crisis, through these difficult times.Honourable Members,Economic indicators suggest that we are now turning the corner.Economic activity is rising in South Africa, and we expect growth going forward.The labour statistics released on Tuesday, show that the economy is now creating jobs rather than shedding them.It is too soon, though, to be certain of the pace of recovery.Government will therefore not withdraw its support measures.Now is the time to lay the groundwork for stronger growth going forward, and for growth that gives rise to more jobs.Our long-term infrastructure programme will help us grow faster.Our education and skills programmes will increase our productivity and competitiveness.Our Industrial Policy Action Plan and our new focus on green jobs, will build stronger and more labour absorbing industries.Our rural development programme will improve rural productivity, and the lives of people living in rural areas.Underpinning our strategy for economic recovery and growth, is our capital investment programme.Over the next three years government will spend R846 billion on public infrastructure.On transport, we will maintain and expand our road network.We will ensure that our rail network is reliable, competitive and better integrated with our sea ports.To ensure reliable power supply, we have established an Inter-Ministerial Committee on Energy, to develop a 20 year integrated resource plan.Among other things, this will look at the participation of independent power producers, and protecting the poor from rising electricity prices.We will establish an independent system operator, separate from Eskom Holdings.Eskom will continue to build additional generation capacity and improve the maintenance of its power stations.To ensure the promotion of an inclusive economy, to aid growth and development, we have established the Broad-Based Black Economic Empowerment Advisory Council, chaired by the President.The most urgent focus of policy change must be interventions to create jobs for young people.Unemployment rates for young people are substantially higher than the average.Proposals will be tabled to subsidise the cost of hiring younger workers, to encourage firms to take on inexperienced staff.A further expansion of public employment programmes is also underway.This includes local infrastructure and literacy projects, home-based care, school maintenance and early childhood development initiatives.Last year we launched the National Youth Development Agency.We have directed the Agency to work faster to establish its structures, throughout the country, so that it can assist us to mainstream youth development programmes within government.Honourable Members,When this administration came into office last year, we undertook to work harder to build a strong developmental state.We said it would be a state that responds to the needs and aspirations of the people, and which performs better and faster.This year, 2010, shall be a year of action.The defining feature of this administration will be that it knows where people live, understands their needs, and responds faster.Government must work faster, harder and smarter.We will expect the executive and the public service to comply with this vision.We are building a performance-oriented state, by improving planning as well as performance monitoring and evaluation.We also need to integrate gender equity measures into the government’s programme of action.This action will ensure that women, children and persons with disabilities can access developmental opportunities.We are pleased to announce a new way of doing things in government.The work of Departments will be measured by outcomes, developed through our performance monitoring and evaluation system.The Ministers who are responsible for a particular outcome, will sign a detailed Delivery Agreement with the President.It will outline what is to be done, how, by whom, within what time period and using what measurements and resources.As you are aware, we are committed to five priorities:education, health, rural development and land reform, creating decent work, and fighting crime.In addition, we will work to improve the effectiveness of local government, infrastructure development and human settlements.We will undertake a number of key activities towards the achievement of these outcomes.We have placed education and skills development at the centre of this government’s policies.In our 2010 programme, we want to improve the ability of our children to read, write and count in the foundation years.Unless we do this, we will not improve the quality of education.Our education targets are simple but critical.We want learners and teachers to be in school, in class, on time, learning and teaching for seven hours a day.We will assist teachers by providing detailed daily lesson plans.To students we will provide easy-to-use workbooks in all 11 languages.From this year onwards, all grade 3, 6 and 9 students will write literacy and numeracy tests that are independently moderated.We aim to increase the pass rate for these tests from the current average of between 35 and 40% to at least 60% by 2014.Results will be sent to parents to track progress.In addition, each of our 27 000 schools will be assessed by officials from the Department of Basic Education.This will be recorded in an auditable written report.We aim to increase the number of matric students who are eligible for university admission to 175 000 a year by 2014.We urge parents to cooperate with us in making this a success.We welcome last month’s statement by the three teacher unions, Naptosa, Sadtu and Saou, reaffirming their commitment to the Quality Learning and Teaching Campaign from the beginning of 2010.Honourable Members,We need to invest in our youth to ensure a skilled and capable workforce to support growth and job creation.We therefore plan to increase the training of 16-25 year olds in further education and training facilities.This will enable us to provide a second chance at education, for those who do not qualify for university.We are working with higher education institutions to ensure that eligible students obtain financial assistance, through the National Student Financial Aid Scheme.We have also set ambitious targets for skills development, to produce additional engineers and technicians, and to increase the number of qualified mathematics and science teachers.We must also increase the number of youth who enter learnerships in the private and public sectors.Honourable members,Another key outcome is to ensure a long and healthy life for all South Africans.We will continue to improve our health care system.This includes building and upgrading hospitals and clinics, and further improving the working conditions of health care workers.We have partnered with the Development Bank of Southern Africa to improve the functionality of public hospitals and their district offices.We are also collaborating with the DBSA and the Industrial Development Corporation, in a Public-Private Partnership programme to improve hospitals and provide finance for projects.Honourable Members,We must confront the fact that life expectancy at birth, has dropped from 60 years in 1994 to just below 50 years today.We are therefore making interventions to lower maternal mortality rates, to reduce new HIV infections and to effectively treat HIV and tuberculosis.We will also reduce infant mortality through a massive immunisation programme.We will reinstate health programmes in schools.We will implement all the undertakings made on World Aids Day relating to new HIV prevention and treatment measures.Intensive work is underway to ensure that this work is on schedule.We will also continue preparations for the establishment of a national health insurance system.Fellow South Africans,We are working hard to ensure that everyone in South Africa feels safe and is safe.We will take further our work to reduce serious and violent crimes, and ensure that the justice system works efficiently.We are implementing plans to increase the number of police men and women by 10% over the next three years.We have identified the fight against hijacking, business and house robberies, as well as contact crimes such as murder, rape, and assault, as top priorities.We all have a role to play.Let us participate in community safety forums.Let us stop buying stolen goods.Let us always be ready to provide the police with information about criminal activity.Tshebedisano mmoho etla lwantsha botloko-tsebe.Compatriots and esteemed guests,Local government must work.Municipalities must improve the provision of housing, water, sanitation, electricity, waste management and roads.We held a meeting with mayors and municipal managers last year.This provided valuable insight into the challenges in local government.We also visited various communities and municipalities, including Balfour in Mpumalanga and Thembisa in Gauteng.After the Balfour visit, we sent a nine member Ministerial team to visit the area to address the issues that had been raised by the community.A number of issues have already received attention.I have directed the Ministers to attend to the outstanding matters.We reiterate, that there are no grievances that can justify violence and the destruction of property.We have directed law enforcement agencies to take a tougher stance on lawlessness in Balfour and other areas.In December 2009, Cabinet approved a turnaround strategy for local government.This will ensure that local government has the correct management, administrative and technical skills.During this year of action, let us work together to make local government everybody’s business.We are working to upgrade well-located informal settlements and provide proper service and land tenure to at least 500 000 households by 2014.We plan to set aside over 6 000 hectares of well-located public land for low income and affordable housing.A key new initiative will be to accommodate people whose salaries are too high to get government subsidies, but who earn too little to qualify for a normal bank mortgage.We will set up a guarantee fund of R1 billion to incentivise the private banking and housing sector, to develop new products to meet this housing demand.Bakwethu,Ngonyaka odlule sathi, abantu basemakhaya nabo banelungelo lokuba nogesi, amanzi, izindlu zangasese ezigijima amanzi nemigwaqo.Sathi kufanele babe nezindawo zezemidlalo kanye nezindawo zokuthenga ezinkulukazi eziphucuzekile njengasemadolobheni.In this regard, we launched the first pilot site of the Comprehensive Rural Development Programme in Giyani, Limpopo in August last year.Since then, 231 houses have been built.Progress has also been made in providing infrastructure to support agricultural development, and training for community members.Access to health and education facilities has improved.We are implementing similar programmes in seven sites across the country, benefiting 21 wards.By 2014, we aim to have sites in 160 wards.We want 60% of households in these sites to meet their food requirements from own production by 2014.Kancane kancane kuze kulunge, phela bakwethu, kuthiwa nempandla iqala ngenhlonhlo.We also need to better integrate land reform and agricultural support programmes.Our success in this area will be measured by the increase in the number of small scale farmers that become economically viable.Honourable Speaker and Chairperson of the NCOP,We are not a water rich country.Yet we still lose a lot of water through leaking pipes and inadequate infrastructure.We will be putting in place measures to reduce our water loss by half by 2014.Honourable Members,As part of our efforts to encourage greater economic growth, we are working to reduce the cost to communicate.The South African public can look forward to an even further reduction of broadband, cell phone, landline and public phone rates.We will work to increase broadband speed and ensure a high standard of internet service, in line with international norms.Fellow South Africans,This government will ensure that our environmental assets and natural resources are well protected, and are continually enhanced.Together with Brazil, India and China, and joined by the United States which represented the developed world, we made a significant contribution to the accord adopted at the Copenhagen Climate Change Summit in December last year.Although it does not go as far as required, it is an important step forward as it commits all countries to respond to climate change.We will work hard with our international counterparts towards a legally binding treaty.As South Africa we have voluntarily committed ourselves to specific emission reduction targets, and will continue working on our long term climate change mitigation strategy.Honourable Members,We will intensify efforts to promote the interests of South Africa globally.We will support efforts to speed up the political and economic integration of the SADC region, and promote intra-regional trade and investment.South Africa continues to play a leading role in continental efforts to strengthen the African Union and its organs, and to work for unity.We will focus energy on revitalising the New Partnership for Africa’s Development, as a strategy for economic development on the continent.Fellow South Africans,The public service has to respond to the call to make this term one of faster action and improved State performance.We require excellence and hard work.We need public servants who are dedicated, capable and who care for the needs of citizens.Government is already working on the development and implementation of a public service development programme, which will set the norms and standards for public servants in all spheres.Honourable Members,We continue our efforts to eradicate corruption and fraud in procurement and tender processes, and in applications for drivers’ licences, social grants, and identity documents, among others.We are pleased with the progress government is making in some areas.This week, we terminated 32 687 fraudulent social grants payments, valued at R180 million.Our Inter-Ministerial Committee on Corruption is looking at ways to decisively defeat corruption.Nga u shumisana rothe ringa bveledza zwinzhi.Compatriots,As you are aware, we introduced the Presidential Hotline to make government and the Presidency more accessible to the public, and to help unblock service delivery blockages.The Hotline represents our determination to do things differently in government.It has made a difference in the lives of many South Africans.We can mention Mrs Buziwe Ngaleka of Mount Frere, whose call about her late husband’s pension was the first we took on the first day of the service.She is with us here tonight.We also have among us Mr Nkululeko Cele, who was helped to obtain identity documents which allowed him to enroll at Tshwane University of Technology.These are just two among many success stories.From these and other examples, we identify weaknesses that should be rectified by various spheres of government.Through the Speaker, we have invited a multiparty delegation from Parliament to visit the call centre, so that MPs can get a first hand account of the work done.Compatriots and friends,I have outlined the main elements of our plans for 2010, our collective commitment as government to the people of South Africa.The State of the Nation Address provides a broad overview of our action plan.Ministers will provide the detail in their respective Budget Vote speeches.Honourable Members, Fellow South Africans,In November this year, we will mark the 150th anniversary of the arrival of Indians in South Africa.It provides an opportunity to recognise the important contribution of the Indian community in the fields of labour, business, science, sports, religion, arts, culture and the achievement and consolidation of our democracy.Compatriots and friends,Let me take this opportunity to once again extend our heartfelt condolences to the government and people of Haiti on the monumental tragedy that has befallen them.We are pleased that our rescue teams were able to go and assist.I would like to especially recognise one South African who never fails to assist in times of disasters, and helps us to promote the vision of a caring society.We welcome Dr Imtiaz Sooliman of the Gift of the Givers in this House.Ladies and Gentlemen,Fellow South Africans,The hosting of the FIFA World Cup makes 2010 truly a year of action.We have spent many years planning for this World Cup.We only have three months to go.And we are determined to make a success of it.The infrastructure, security and logistics arrangements are in place to ensure a successful tournament.As a nation we owe a debt of gratitude to the 2010 Local Organising Committee for their sterling effort.We wish the LOC Chairperson Irvin Khoza, CEO Danny Jordaan and Bafana Bafana coach Carlos Alberto Parreira all the best for the months ahead.President Mandela was central in assisting the country to win the rights to host this great event.We therefore have to make the World Cup a huge success in his honour.Compatriots, let us also stand behind the national team Bafana Bafana.Most importantly, ithikithi esandleni bakwethu!Let us all buy tickets timeously to be able to attend the games.Fellow South Africans,As we celebrate Madiba’s release today, we recommit ourselves to reconciliation, national unity, non-racialism and building a better future together as South Africans, black and white.We are guided by what Madiba said in the dock, that:“During my lifetime I have dedicated myself to this struggle of the African people.I have fought against white domination, and I have fought against black domination.I have cherished the ideal of a democratic and free society, in which all persons live together in harmony, and with equal opportunities.It is an ideal which I hope to live for, and to achieve.But if needs be, it is an ideal for which I am prepared to die”.Inspired by our icon Madiba, it is my honour to dedicate this 2010 State of the Nation Address, to all our heroes and heroines, sung and unsung, known and unknown.Let us work together to make this year of action a successful one for our country.I thank you.last_img read more

South Africa to get second stock exchange: ZAR X

first_imgSouth Africa is to get its second stock exchange, after the Johannesburg Stock Exchange has dominated trading in the country for more than a century. ZAR X has been given a licence to operate, and it plans to be up and running in September.ZAR X investors will be able to monitor the performances of their shares on the company’s website (Image: Pixabay, CC0 Public Domain)Priya PitamberSouth Africa is to get its first new stock exchange in more than a century. ZAR X Stock Exchange announced yesterday that the Financial Services Board (FSB) had granted it conditional approval for a stock exchange licence.The licence had been granted under the Financial Markets Act and the conditional approval was granted subject to certain suspensive conditions being met to the satisfaction of the Registrar of Securities Services, said ZAR X.The Johannesburg Stock Exchange has been South Africa’s only bourse. It was founded in Johannesburg in 1887, during the Witwatersrand gold rush. It is Africa’s biggest and most liquid stock market.ZAR X intends to start operating in September, and aims to enable more lower- income investors to trade shares. According to the company, ZAR X will help “you to grow your financial potential through investment and saving”.ZAR X, the company explains, is a platform that will let “everyday South Africans transact shares quickly, cheaply and conveniently, even if they have never formally invested money or opened a bank account before. The platform is designed to empower those who don’t have skills or experience in investing, to easily and safely build a brighter financial future for themselves and their families.”It will also give business enterprises a flexible, transparent and affordable way to list their restricted or limited share offerings, so that ordinary South Africans can take advantage of them. The idea will be to give South Africans access to restricted share listings, to help them secure investment opportunities in order to build financial security.Bloomberg news agency reports that ZAR X plans to run three sections: a main board for company listings, an over-the-counter stock-trading business, and an investment products market.“A more flexible and practical listings process will ensure greater simplicity and less complexity for companies making use of the ZAR X Stock Exchange,” chief executive officer Etienne Nel said in a company statement. “We also make investing simpler and affordable for the public, especially the lower income groups.”In a Moneyweb report, Nel said a big cost advantage for investors was that there would be no custody fees. These are fees paid by investors towards brokers who execute trades on their behalf. Although there will be brokers on the ZAR X, investors will not have to execute trades directly through them. Instead they will be able to log their trades via a call-centre, online, or through a mobile app, the online financial news portal reports.ZAR X will be based in Bryanston, Johannesburg, although there will not be a central market itself. Investors will be able to monitor the performances of their shares on the company’s website.It will be in good company. The JSE rates among the top 20 exchanges in the world by market capitalisation.The JSE is regarded as a mature, efficient, secure market with world-class regulation, trading, clearing, settlement assurance and risk management. It has harmonised its listing requirements, disclosure and continuing obligations with those of the London Stock Exchange and offers superb investor protection.The World Economic Forum’s 2015-16 Global Competitiveness Index rates South Africa first in the world – out of 140 countries – for financing through the local equity market, and second for the regulation of securities exchanges.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

Marketing for those who cannot predict the future

first_imgShare Facebook Twitter Google + LinkedIn Pinterest CornBrazil’s corn production loss estimates are fluctuating between 200 to 400 million bushels. While this may sound high, it is actually helping to ease some large carryout concerns. Estimates are showing the U.S. will likely have the largest corn carryout in the last 10 years come August. This hasn’t happened since before the 2007 ethanol mandate, which coincides with the last time corn traded below $3 for an extended period.Adding to the mix, China continues to be a wildcard in terms of storage and carryout. Estimates of China’s corn storage levels range between 4 billion by the USDA to 9 billion bushels by some Chinese firms. Also, there continues to be rumors of quality issues with the stored corn. China may have to export some to blend off lower quality corn and replace with fresh inventory this fall. All these unknowns make it difficult to be bullish corn without a weather issue.BeansBeans continue to trade wildly as questions regarding production issues in Argentina circulate. Regardless, Argentina is sitting on the largest bean supply carryout in the world, so there isn’t a supply problem on paper. These production issues only represent about 20% of last year’s beans in storage in that country. The U.S. bean supply is still burdensome. We face the largest carryout in over a decade. Even with fewer acres than predicted a month ago, trend-line yields would create a situation that doesn’t warrant current prices.Funds have been on a buying spree, which may be what is supporting higher prices right now. This seems similar to last July when corn prices rallied quickly on fears that didn’t match the bigger picture. The $10 beans of today may be the $4.50 corn of last summer, where only 4 months later corn was trading at $3.50. Time will tell.Market ActionEarly this week I was concerned this recent bean rally may be short-lived (similar to last year’s corn rally), so I purchased 9 Nov puts for 10 cents on 40% of my anticipated 2017 production. These expire in late Oct, but I’m using them for the 2017 crop. This position provides unlimited upside potential (less 10 cents) and peace of mind that I won’t take less than $9 for some of my 2017 beans (again for 10 cents).While I hope I lose all the money I paid for these puts (because that means values stayed high), I wanted to be sure to put protections in place to reduce my farm operation’s risk.While farmers have a tendency to be optimists (i.e. prices will go higher), It’s important to remember things can always get worse. Right now the best outcome for prices would be a drought. Unfortunately, a drought usually hits southeast Nebraska (where my farm is) the hardest. So, for me it’s a catch-22 (price vs. yield). That’s why it’s important to put protections in place against all scenarios because no one can predict the future.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

Microsoft To Offer Application Marketplace In Sharepoint 2010

first_imgalex williams IT + Project Management: A Love Affair Tags:#enterprise#news#NYT Related Posts Microsoft will offer an application marketplace within Sharepoint 2010 that will integrate with third-party applications from its partner network. No date has been set for the marketplace lauch but it will evolve from “The Gallery” a feature that provides Sharepoint 2010 users access to templates.In an interview we did at Enterprise 2.0, Christian Finn said Microsoft will offer the marketplace for vendors who want to sell their products through the Sharepoint platform.“We will have a route to market for vendors who want to have applications and add-ons available,” Finn said. Conceptually, Finn said, you think about a marketplace idea. Customers will navigate from the Sharepoint interface to see what web parts are available for a trial period.Finn said that from their perspective, collaboration is mostly on-premise. Customers are starting to move to the cloud. “We are seeing early customers starting to move. When we see that bell curve adoption we will definitely be there.”But collaboration services are increasingly cloud-based. MindTouch, SocialCast, Socialtext and a host of other companies are offering best-of-breed-services.The availability of a marketplace brings up a lot of questions about the role that partners will play with Sharepoint. But it also raises interesting competitive questions about the role of Sharepoint as a cloud-based service. It almost looks like it will be more of a Software-as-a-Servce (SaaS) than the on-premise platform it is today.The Sharepoint application marketplace will evolve out of The Gallery, a resource within Sharepoint 2010 that serves as a central place for templates. Microsoft will initially offer their own web parts through Gallery. Eventually the service will take a different name and migrate to offering partner services. We asked Finn what the model will look like. Will it be pay per use? How will the application marketplace be administered? Finn said most of the details are being worked out in Redmond. The service will have IT safeguards. Finn said that IT managers will have a level of control over what applications users may integrate.What Finn describes sounds similar to application platforms now commercially available. Salesfoce.com is the obvious example. TheirForce.com platform is a full development environment. AppExchange is the platform for building third party applications on Salesforce.com CRM. Dazzle from Citrix also comes to mind. It is an iTunes like service that is all about making IT more consumer friendly. Employees may choose the applications that they want to purchase. The service is set up as a store front that can automatically stream the application on a virtual desktop to a Windows PC, a Mac or an iPhone. Details are few about the application marketplace that will be offered through Sharepoint. But it does point to the increasing significance of third-party applications for the Sharepoint platform and how the service may evolve as cloud computing becomes more prevalent. 3 Areas of Your Business that Need Tech Now Massive Non-Desk Workforce is an Opportunity fo… Cognitive Automation is the Immediate Future of…last_img read more

‘Few believe the Government. But fewer, the sports administrators’

first_imgAs an idea, the Afro-Asian games is as outdated as Third World solidarity and South-South cooperation.It was mooted just after the success of the 1982 Asian Games, which changed Delhi’s geography and political economy. Salivating at the thought of a sequel, the Congress regime resolved to inaugurate the Afro-Asian Games on November 19, 1983, the anniversary of the Asiad.Now the Indian Olympic Association (IOA) plans to host the first Afro-Asian Games in November 2001, a mere 18 years too late. Nobody expects the Games to revolutionise Indian sport.The IOA’s president and vice-president – Congress MP Suresh Kalmadi and BJP MP Vijay Kumar Malhotra – are locked in a battle for the organising committee. By the IOA’s own calculations the Government will have to spend Rs 75 crore on the Games.Others treble the figure. The association was given numerous tax sops in the 2000-01 budget. If Kalmadi is so certain of success – and are demanding Rs 10 crore from Doordarshan for TV rights – why can’t they cock a snook at the state and mobilise adequate sponsorship? The IOA is not alone in its cussedness. The Board of Control for Cricket in India (BCCI) has made the dramatically fatuous announcement that it will withdraw from the next World Cup.It has decided to interpret the Sports Ministry’s directive that it avoid matches at “irregular” venues like Sharjah – a view the International Cricket Council shares – as lack of permission to take part in any multination tournament. That the BCCI faces a tax evasion inquiry is, of course, incidental. It is easy and often justifiable to criticise the government in this country. It says something for the IOA and the BCCI if they lack even the credibility to make their case believable.last_img read more

Jose Mourinho leaves Man United after more than 2 years

first_imgTS Kammuri to enter PAR possibly a day after SEA Games opening Lacson: 2019 budget delay due to P75-B House ‘insertion’ Private companies step in to help SEA Games hosting Hotel management clarifies SEAG footballers’ kikiam breakfast issue View comments LATEST STORIES Is Luis Manzano planning to propose to Jessy Mendiola? Mourinho lasted 2½ years at United and won two titles, the English League Cup and the Europa League in his first season.Sports Related Videospowered by AdSparcRead Next LOOK: Joyce Pring goes public with engagement to Juancho Triviño SEA Games: Biñan football stadium stands out in preparedness, completion PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH 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 MOST READ Spurs ‘starting to figure out each other’ as they go 5-1 on homestand FILE – In this Friday, Aug. 10, 2018 file photo Manchester United’s manager Jose Mourinho reacts in frustration during the English Premier League soccer match between Manchester United and Leicester City at Old Trafford, in Manchester, England. Manchester United says Jose Mourinho has left the Premier League club with immediate effect. The decision was announced Tuesday Dec.18, 2018, two days after a 3-1 loss to Liverpool left United 19 points off the top of the Premier League after 17 games. (AP Photo/Jon Super, File)MANCHESTER, England — Manchester United says Jose Mourinho has left the Premier League club with immediate effect.The decision was announced Tuesday, two days after a 3-1 loss to Liverpool left United 19 points off the top of the Premier League after 17 games.ADVERTISEMENT SEA Games: Biñan football stadium stands out in preparedness, completion Don’t miss out on the latest news and information. Manchester United has announced that Jose Mourinho has left the Club. We would like to thank him for his work during his time at Manchester United and wish him success in the future. #MUFCFEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chief— Manchester United (@ManUtd) December 18, 2018last_img read more

UNP changes the constitution to give Sri Lanka an executive Presidency

first_imgWhen the United National Party (UNP) entered the final year of its Parliamentary term on July 23, even its most sanguine supporters conceded that the first five years had taken a heavy toll of its once heady popularity. In this fiercely politicised electorate, psephology is second cousin to astrology and,When the United National Party (UNP) entered the final year of its Parliamentary term on July 23, even its most sanguine supporters conceded that the first five years had taken a heavy toll of its once heady popularity. In this fiercely politicised electorate, psephology is second cousin to astrology and every man is his own opinion poller and pundit. Election forecasting is already an exciting and inexpensive national sport.If the electoral mood is distinctly ‘oppositional’, the opposition leadership is manifestly disoriented and dispirited. Not wholly of their own doing, this is the cumulative result of many finely calculated moves by President J.R. Jayawardene in his determined bid to break the familiar pattern of Sri Lanka politics, the in-out pendulum swing between the two main contenders, and the discontinuity in policy, chiefly economic policy.Using its four-fifths majority, the UNP changed the constitution to give the island an executive Presidency, introduced proportional representation (PR) with an unusually high cut-off point (12.5 per cent), and led an unprecedented frontal attack on the Opposition by depriving its formidable rival Mrs Bandaranaike of her civic rights for seven years. However, popular predictions hold that only the evident advantages of the PR system in conjunction with a fragmented Opposition can possibly give the UNP the largest number of seats in the next 196-member Parliament. In the circumstances, even a simple majority is considered doubtful.Strong Executive: Jayawardene’s proclaimed aim was a strong, stable executive, able to take “the hard unpopular decisions” necessary to escape the welfare system, an essential linchpin of Sri Lanka’s uniquely resilient democracy. An uncertain blessing, the “open economy” has the full backing of the International Monetary Fund (IMF), the World Bank and the Sri Lanka Aid Group. The object of the exercise, the Opposition says, was merely the perpetuation of the party and the President in power.advertisement On its own, the right wing UNP has the strongest support base – an almost irreducible third of the national electorate. Only a Centre-Left alliance between the middle-of-the-road Sri Lanka Freedom Party (SLFP) and the traditional Left has been able, in recent years, to defeat the UNP. Now that alliance is in tatters.Yet the ruling party leadership senses a sullen, probably hostile electorate which has a notorious legacy of “throwing the rascals out” even when it has not been too enamoured of the alternative. The mass mood is a product of larger social and economic discontent. In his anniversary address and first formal TV appearance, President Jayawardene said that 50 per cent of Sri Lankans still earn only Rs 300 a month. The shops are full but the old system of subsidised essentials, despite the vexations of ration cards and queues at cooperatives, continues.Restricted Benefit: So far the benefits of the UNP’S faith in the ‘open economy’ and “the trickle down” theory have been reaped largely by the business community and the old propertied and privileged strata.Javawardene (left) and Bandaranaike: Picking up the piecesThe real rewards, the UNP argues, of the major projects (the Mahaveli diversion, the huge construction programme, the trade zones) will spread to the lower income groups in a few years. In an effort at ensuring a second term to reap the benefit of this delayed effect, the new August 3 constitutional amendment will enable Jayawardene to hold a Presidential poll even before the Parliamentary elections which are due by July next. Evidently he favours his own chances in single combat. If he wins, his party’s chances will probably improve. The move has made the Opposition disarray even more public. First to enter the list of contenders was Maitripala Senanayake, MP, long-time deputy of Mrs Bandaranaike, who now leads a rival faction which he claims is the “legitimate SLEP” Then came Dr Colvin R. de Silva, the leader of the socialist (formerly Trotskyist) LSSP (Lanka Sama Samaja Party).Next, with the Tamil United Liberation Front (TULF) not contesting the Presidency, was the very much smaller Tamil Congress (TC) which nominated its leader G.G. Ponnambalam Jr, a token Tamil contender. All eyes, however, were on Mrs Bandaranaike’s SLFP. The party’s central committee met on August 6 and Hector Kobbekaduwe, an ex-minister, was heavily tipped as the SLFP choice. He is backed by a radical, pro-China group led by Mrs Bandaranaike’s younger daughter, Chandrika Kumaratunge. However, Mrs Bandaranaike, sensitive to charges of favouritism, would be reluctant to nominate Kobbekaduwe who is her cousin.Consensus Candidate: Mrs Bandaranaike, the communists, the socialists and smaller left parties are in search of a “common candidate” to take on Jayawardene. Dr Colvin R. de Silva, a classmate of Jayawardene and a brilliant lawyer, is widely favoured.advertisementHe has two disqualifications: his Marxist politics and his caste. With the majority Sinhala-Buddhist vote quite evenly divided between the traditional rivals, the support of the minorities (Tamil, Christians, Muslims and Indian plantation labour) is a key factor. In the calculus of Presidential contests, such “block votes” could be vital. Since last year’s racial troubles, Jayawardene has taken a firm line of “racial-religious harmony”. Though he has paid great personal attention to Buddhist affairs, the UNP’S apparent solicitude for the minorities has aroused Sinhala-Buddhist chauvinism. A Colombo meeting of a new Sinhala-Buddhist organisation, launched by a group of monks and lay leaders, was attacked by a gang of intruders whom Opposition MP’S branded as pro-UNP goons. One of those injured was Professor Ediriweera Saratchandra, well-known playwright and former ambassador to Paris. He has been writing pamphlets and making speeches denouncing the new Singapore-style consumerism as an attack on the Buddhist value system. He appeared on Mrs Bandaranaike’s platform last month.Communal Violence: The anniversary week ended on an inauspicious note. Racial disturbances in Galle, the southern province capital, forced the Government to declare an Emergency, introduce censorship and impose a curfew in the area. Galle has a strong concentration of Muslims, traditionally a trading community monopolising the prosperous gem business. A quarrel over a parrot, a fight between a Muslim landlord and a Sinhalese tenant, and a Sinhalese schoolboy mistaken for a Muslim and assaulted, formed the familiar chain reactions of communal violence. There were two deaths, and several cases of arson. While the situation is now calm, the Government is investigating the possible involvement of “opposition elements”.last_img read more

Neuer makes Germany return but weather delays kick-off

first_imgManuel Neuer Neuer finally makes Germany comeback but bad weather delays kick-off Jamie Smith Last updated 1 year ago 00:16 6/3/18 FacebookTwitterRedditcopy Comments(0) Manuel Neuer Getty Images Austria v Germany Germany v Mexico Germany v Sweden South Korea v Germany Friendlies Germany World Cup The Bayern Munich goalkeeper has been out of action since September with a foot injury, but will make his return in Saturday’s friendly Manuel Neuer will make his long-awaited return from injury on Saturday after being named in Germany’s team to play Austria in a pre-World Cup friendly.Bayern Munich goalkeeper Neuer has been out of action since September due to a foot injury, putting his World Cup place in doubt.TEAM NEWS @Manuel_Neuer makes his Germany return in today’s friendly vs. @oefb1904 #DieMannschaft #ZSMMN #AUTGER pic.twitter.com/wxgGiFWAvn— Germany (@DFB_Team_EN) June 2, 2018However, Germany’s goalkeeping coach Andreas Kopke said prior to the game that Neuer would face Austria and national boss Joachim Low has selected the 32-year-old to start in Klagenfurt. Article continues below Editors’ Picks Goalkeeper crisis! Walker to the rescue but City sweating on Ederson injury ahead of Liverpool clash Out of his depth! Emery on borrowed time after another abysmal Arsenal display Diving, tactical fouls & the emerging war of words between Guardiola & Klopp Sorry, Cristiano! Pjanic is Juventus’ most important player right now Neuer’s chances of going to the World Cup as Low’s first choice goalkeeper appeared to be boosted after he was handed the number one shirt when Die Mannschaft’s squad numbers were confirmed.Nils Petersen will make his international debut in the fixture, while Premier League stars Mesut Ozil, Leroy Sane and Antonio Rudiger are also included in the XI. Neuer and Co. have been made to wait even longer for the game to begin, however, as bad weather forced kick-off to be moved from 18:00 CEST to 18:35 initially, before a further delay occurred.Germany complete their preparations for the tournament with a friendly against Saudi Arabia in Leverkusen on June 8.last_img read more

10 months agoFree & nasty: Why Pepe the old ‘basket’ this Man Utd needs

first_imgTagsTransfersOpinionAbout the authorChris BeattieShare the loveHave your say Free & nasty: Why Pepe the old ‘basket’ this Man Utd needsby Chris Beattie10 months agoSend to a friendShare the loveCOMMENT: They’ve already had the conversation. Jose Mourinho and Jorge Mendes. The Manchester United manager will have been all across it – and well before yesterday’s announcement…’So, do you want him? He fancies it…,’ the pitch from Mourinho’s agent will have been made. Short. To the point. Just as he offered Angel di Maria and Radamel Falcao to the then Chelsea manager some four years ago. That is, before delivering them to Ed Woodward, United’s vice-chairman exec. Mendes will have given Mourinho first refusal on his latest client to become available. A player to parachute into the shambles that is United’s back four this season. A player who has gone to war for Mourinho. Who has spilled blood for the manager. Both his and the opposition’s. One who revels in being a right old basket. The sort of basket this United locker room has sorely missed. Ryan Giggs, the Wales coach, said as much yesterday. Picking over the wreckage of what was left at Anfield, Giggs took aim at Romelu Lukaku – though with a twist. As bad as the Belgian was, argued United’s famous No11, the lack of confrontation inside the locker room was doing him no favours.”I look at Lukaku and his touch was bad,” stated Giggs, “but also I don’t see any other player having a go at him, saying: ‘Listen we need you to hold it up.’ “What that does is, Lukaku might have a go back and you get fired up.”It’s like when you get tackled or fouled, you get fired up. You don’t see that in that Manchester United team. “We’re playing in a different era to when I used to play when you had a lot more leaders and characters but if your team-mate isn’t performing, you tell them. You must do.” Step forward Pepe. The three time Champions League winner. Of Real Madrid fame. Now wrapping up his stay with Besiktas. In a day or so he’ll be a free agent. A leader. A winner. A personality to organise those around him. To demand they follow the manager’s instructions. And one who won’t flinch if a rollicking is needed for a young teammate – even if that young teammate boasts a World Cup winner’s medal.We know Mourinho has been seeking such a player. Those Andreas Granqvist stories weren’t plucked from thin air. United had a presence at Helsingborgs games this season. The veteran centre-half – at 33 – was a consideration for Mourinho. Granqvist knew it. The HIF board knew it. Like Pepe, the Swede’s experience and organising know-how was what had attracted the United manager. Though this is one we can’t confirm, it’s perhaps no coincidence that Granqvist – after some excitement last month – announced over the weekend he was “99.9 per cent sure” an Old Trafford move was now off. Maybe, just maybe, the word had reached Granqvist’s reps that another veteran was now Mourinho’s focus.After Liverpool. After the confusion. The chaos. Mourinho needs something different. Something to stop the monotonous lurching. From crisis to inevitable crisis. He needs a circuit breaker. And Pepe can be just that.The 35 year-old isn’t leaving Besiktas because of form. Nor any type of personality clash. With the Black Eagles struggling to pay the bills, the Portuguese has agreed to terminate his contract. The defender made an on pitch farewell yesterday for Besiktas’ draw with Trabzonspor. This just days after he left thousands in an envelope for club staff to share as a personal Christmas bonus.So now he is free – and been offered to Mourinho. Someone to help bring on Diogo Dalot. To guide and develop the raw talent of Eric Bailly. The potential of Victor Lindelof. And one to demand better from those around him. The leader on the pitch. The personality inside the dressing room. The one Mourinho has lacked since Zlatan Ibrahimovic’s departure a year ago.That call from Mendes last week could be just the Lifebuoy Mourinho has been desperately seeking all season. last_img read more