South Africa: Sound investment destination, emerging market that matters

first_imgSouth Africa’s African Mining Indaba, held annually in Cape Town and now in its 20th year, is the world’s largest mining investment conference. (Image: Mining Indaba)South Africa is an important emerging market in the global stage, offering a solid and steadily growing economy with secure rewards for potential investors. That was the consensus at the Investment Promotion Workshop hosted by Brand South Africa at the Mining Indaba in Cape Town today.The workshop, co-hosted with the departments of mineral resources, trade and industry and science and technology, showcased South Africa’s competitiveness in mining, geosciences, science and technology, as well as the strength of its financial and regulatory environment.Presenters included Brand South Africa chief executive Miller Matola, trade and industry’s Yunus Hoosen, Imraan Patel of the department of science and technology, Martha Mokonyane of mineral resources, Mxolisi Kota of the Council for Geosciences, Matlou Mabokano of the Technology Innovation Agency, Declan Vogt of the CSIR and Peter Craven of Mintek.They made a compelling business case for why prospective investors should take South Africa seriously as an investment destination. For example, prudent monetary and fiscal policy has allowed the country’s economy to grow in value from US$80-billion in 1994 – the year apartheid ended – to $400-billion today. And it continues to grow, despite the uneven global economic recovery.“South Africa is a sound destination for inward flows of investment and an emerging market that matters,” Brand South Africa’s Matola said.From mining to financial servicesThe global economic crisis and disruptions at home have had their impact on South African mining, but the sector remains a significant contributor to the economy. Recent research presented at the workshop shows that platinum, coal and gold contribute 66% to revenue, and 84% to employment.Research also shows that the South African economy has diversified in the past 20 years. The contribution of banking and real estate has risen from 12.5% to 24%, a good sign that the country is on its way to a knowledge economy.South Africa also remains a reliable destination for international investors. Foreign direct investment projects grew at a compound rate of 22.4% between 2007 and 2012, making the country the top investment destination in Africa.The workshop also discussed the joint commitment by government and business to the rollout of the National Development Plan, the vision for what the country will look like in the year 2030.Key components of the plan include:Making sustainable investments in competitive economic infrastructureIncreasing the pace of job creation, especially for young job-seekersEncouraging the expansion of businesses and the development of new enterprisesTransforming human settlements and developing a functioning public transport systemProviding policy certainty to encourage long-term investment in mining and other key sectorsIncreasing economic integration within sub-Saharan Africa in areas such as energy production, finance, tourism, communications, infrastructure and customs administrationThe Mining Indaba ends on Thursday 6 February 2014.last_img read more

Filmmaker Inspiration: Back to the Camera Supercut

first_imgThis video mashup showcasing the most iconic “back to the camera” shots is sure to inspire filmmakers and film buffs alike.No doubt you’ve seen this shot repeated countless times in some of Hollywood’s most famous films – the hero stands with his back to the camera looking out over an expansive landscape or crowd of people.  It’s a filming convention that brings to mind feelings of grandeur and heroism – often saved for the tail end of the blockbuster.Plot Point Productions has pulled this shot from a ton of famous films and spliced them together back-to-back.  The result is pretty epic and is sure to fuel your creative inspiration.Check out the mash-up video below or visit the Vimeo page to see the list of each movie used in the cut.  How many of the films can you name?(Best viewed full screen)last_img read more

A List of Variables to Success

first_img Essential Reading! Get my first book: The Only Sale Guide You’ll Ever Need “The USA Today bestseller by the star sales speaker and author of The Sales Blog that reveals how all salespeople can attain huge sales success through strategies backed by extensive research and experience.” Buy Now There are some differences that make a difference. You can be similar to another person in many ways and produce a completely different result. All of these variables are within your control.Attitude: Number one with a bullet. If there is a governor on the level of success you can achieve, it is your attitude. Someone who is positive, optimistic, and future-oriented beats the cynical, pessimistic, self-disempowered person every time.Discipline: The willingness to do the work that others are unwilling to do is a huge variable. When someone is willing to do what you are not, they will invariably produce a result that is different from yours.Acumen: The amount of knowledge and experience you have is different from other people, and there can be ever greater differences across domains. The desire to acquire the knowledge and experience is also a variable.Effort: The person that puts forth the greater effort is always going to produce a better outcome than the person that does the minimum required of them. You may only need a C to graduate from high school or college, but you don’t produce exceptional results by putting forth the bare minimum effort.Other-Orientation: The person who is more interested in other people is the person who is more interesting to other people. The person who can engage another person in a conversation about themselves and their needs wins out over the person who spends their limited face-time with a client talking only about themselves.Resourcefulness: This is the linchpin attribute of successful people. They figure things out, and they aren’t plagued by learned helplessness. The willingness to try to figure something out is always going to produce a better result than abdicating yourself of the responsibility to produce a result.Determination: There are probably times when it makes sense to give up. But when it comes to the things that you really want or the results you need to produce, persistence is the variable. Grit and intestinal fortitude (and even a pigheadedness) are what allows someone to stay the course until they succeed when others give up.Focus: Some people major in minor things while others major in what is most important. In an age of ever-increasing distractions, the ability to narrow your focus is going to allow you to produce better results than those who fly from one meaningless triviality to the next. With so much and so many things outside of your control, it is imperative that you control what you can.last_img read more

Man held for fake news on CM, spouse

first_imgThe Tripura police on Thursday arrested a man from Delhi on charges of spreading fake news on social media about the family life of Chief Minister Biplab Kumar Deb.Anupam Paul was made the prime accused in the case registered with West Agartala Police in late April.“Our team traced Paul to a location in Delhi where he was arrested. He will be brought to Agartala by a flight tomorrow [Friday],” a senior police officer said.The police had earlier arrested a freelance television journalist, Saikat Talapatra, and a police constable for sharing a Facebook post which claimed that the Chief Minister’s spouse had filed a petition for divorce in a Delhi court. The arrested men were later released on bail.Investigators also questioned Tripura Congress vice-president Tapas Dey for sharing the post against Mr. Deb. He was, however, not detained.last_img read more

Grocery store chain CEOs warn higher food prices coming amid cost pressures

first_imgThe CEOs of three of Canada’s major grocery chains doubled down on their expectation that food prices will soon rise at their stores.Recent cost pressures on the industry, including rising minimum wages in some provinces, increased fuel and transportation costs and an ongoing trade war with the U.S., will soon result in some price inflation, said the chief executives of Metro Inc., Loblaw Companies Ltd. and Empire Co. Tuesday at Scotiabank’s back-to-school conference in Toronto.Metro CEO Eric La Fleche said consumers should eventually see a return to more normal inflation levels.“Exactly when and how — it’s all about competitive dynamics. Everybody is competitive. Nobody wants to lose any share. So, let’s see how things play out,” he said.Metro is starting to see some price inflation already, La Fleche said.He explained that the cost pressures have been building over the past year, beginning with Ontario’s minimum wage hike from $11.60 to $14 an hour on Jan. 1, followed by rising fuel and transportation costs.Then came the Canadian government’s retaliatory tariffs on July 1 on a wide range of American products, including coffee, maple syrup, salad dressing and other foods.“Now, we’re having a — what I would describe it as — a tsunami of tariff-related request for cost increases from our supplier partners,” said Michael Medline, Empire’s CEO.The company, which is the parent to grocery chain Sobeys Inc., held off on raising prices for some time, he said, but is now reviewing these tariff-related costs.Empire will pass the extra costs on to consumers where it makes sense in the market, he said, adding it will be careful not to give away any market share.“We don’t like to pass on cost, but there’s no way you can avoid it with the inflationary pressures that we are now seeing.”Price increases are likely to be moderate in a historical sense, said Loblaw CEO Galen Weston.He predicted food inflation of one- to 1.5-per cent, which he said is in the normal range as opposed to higher range in the five to six per cent level.“We don’t yet see it moving into the mid-single digit levels… We don’t think it is likely to do that.”The chief executives also outlined their respective plans to grow their e-commerce business, specifically home delivery. Canada’s grocers have been slow to offer delivery, but ramped up their efforts after Amazon acquired Whole Foods Market last year.Metro already offers home delivery from seven stores in Quebec, which serves about 60 per cent of the province’s population, said La Fleche.It will start offering the service in Ontario in 2019, he said, but did not provide details on specific locations.The company relies on its existing assets to fulfil orders rather than partnering with a third-party like its competitors have chosen to do.“We’re going to e-commerce with a prudent approach,” said La Fleche, adding the company is scaling up and the company may consider using a dedicated facility if it reaches a certain level — but it’s not there yet.Empire, on the other hand, decided to partner with British firm Ocado to build a fulfillment centre in the Greater Toronto Area that will be fully operational by the spring of 2020. The centre will house Ocado’s signature robotics that can fulfil customer orders within minutes.Empire offers home delivery in Quebec and learned that their solution there is not scalable, Medline said, adding the company is excited that Ocado’s solution eliminates some logistical issues and is profitable.Loblaw also partnered with another company to offer home delivery, opting for California-based Instacart, but chose to do so in a quicker fashion. Customers in 17 cities can now use the Instacart app to order groceries for delivery from Loblaw.“Our view today is that rapid expansion and customer acquisition is the second most important thing to do in the first innings of the e-commerce online grocery world,” Weston said.Companies in this story: (TSX:MRU) (TSX:EMP) (TSX:L)Note to readers: A previous version of this story incorrectly stated that Empire Co. is not reviewing the tariff-related costs.last_img read more

Fill a Mountie Boot to support Cops for Cancer

first_imgFORT ST. JOHN, B.C. – Constable (Cst) Christiaan Dreyer rider for the Fort St John Cops for Cancer Tour de North is hosting a ‘Fill a Boot’ fundraiser.Saturday, July 27, 2019, from 12 pm – 3 pm at Save on Foods, at 10345 100th St. Cst Dreyer and his sidekick, Cst Jodi Lewis invite everyone to join them to fill a traditional ‘High Brown’ Mountie riding boot with donations for pediatric cancer research and Camp Goodtimes.The financial goal for Cst Dreyer’s is to raise $3000 before he sets off on the Tour de North in September. Donations can also be made online for Cst Dreyer on the Canadian Cancer Society Cops for Cancer page; CLICK HERElast_img

Didnt join Bollywood to make films with stars

first_imgMumbai: Filmmaker Tigmanshu Dhulia has a solid clarity of what he wants to do: make films which have his trademark style and never chase stars to get his dream on celluloid. The director, who has helmed mid-budget but critically acclaimed films like Paan Singh Tomar and Saheb Biwi aur Gangster series, has learnt over the years on how to avoid the pressure of having a star to headline his film. “I don’t want to sound pompous but I want my films to be a ‘Tigmanshu Dhulia Film.’ Whether it’s a hit or a flop, doesn’t matter. I came to this industry to make films, not to make films with stars. Also Read – Hilarie Burton, Jeffery Dean Morgan tie the knot”Now I’ve learnt to not approach those producers with those kind of scripts where they will ask me to get a star. I don’t fall into that trap anymore,” said Tigmanshu. The pressure on a director to get a star on board can be quite daunting. Tigmanshu first hand experienced this while making his upcoming directorial, Milan Talkies, which earlier had several names attached to it, from Shahid Kapoor and Priyanka Chopra to Imran Khan. Though conceptualised around 2011, Tigmanshu had to cross several roadblocks to finally make the film. Also Read – ‘Vaastav’ gave me the real sense of being an actor: Sanjay Dutt on film’s 20-year anniversary”Earlier UTV was supposed to do it but I had a fallout with them because they weren’t releasing Paan Singh Tomar. There was a gap then and Ekta pushed really hard. I’ll give it up to her.” “Despite actors saying yes and no, dillydallying about it, she held on to it. But they needed a star. I requested her let me make it with whoever because otherwise this will never get made and she did.” The filmmaker is now ready to release Milan Talkies on March 15, featuring Ali Fazal.last_img read more

No joint raid with Turkey on Kurd rebels Iran

first_imgTehran: Iran has denied a claim by the Turkish interior minister that it took part in a joint operation on Monday targeting Kurdish rebels in the border area. In recent weeks, Ankara has talked up the prospects of joint military action with Tehran against the Kurdistan Workers’ Party (PKK) and its allies but Monday marked the first time it had spoken of a joint operation being carried out. “Iran’s armed forces have no role in this operation,” the official IRNA news agency quoted an “informed source” in the general staff as saying on Monday evening. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USHowever Iran “will forcefully confront any group that seeks to create unrest on our country’s soil,” the source added. Earlier on Monday, Turkish Interior Minister Suleyman Soylu said: “We started staging a joint operation with Iran against the PKK on our eastern border as of 8 am (0500 GMT)”. Soylu did not specify where the joint operation was taking place but President Recep Tayyip Erdogan has said previously that joint military action would focus on PKK rear bases in Iraq near where the three countries’ borders meet. The Turkish military has carried out repeated bombing campaigns against PKK targets in Iraq’s northern mountains during its more than three-decade campaign to crush the rebels’ campaign for Kurdish self-rule in southeastern Turkey. In recent years, Tehran too has carried out operations in northern Iraq against suspected rear bases of the PKK’s Iran-focused ally, the Party of Free Life of Kurdistan (PJAK).last_img read more

Yasin Malikled JKLF banned under antiterror law

first_imgNew Delhi: The Yasin Malik-led Jammu Kashmir Liberation Front (JKLF) was banned by the Centre under anti-terror law on Friday, officials said. The outfit has been banned for alleged promotion of secessionist activities in Jammu and Kashmir, they said. They said the organisation has been banned under various provisions of the Unlawful Activities (Prevention) Act. Its chief Yasin Malik is under arrest and at present lodged in Jammu’s Kot Balwal jail. This is the second organisation in Jammu and Kashmir which has been banned this month. Earlier, the Centre had banned the Jamaat-e-Islami Jammu and Kashmir.last_img

Charting a way forward

first_imgThe world may miss the Sustainable Development Goals’ (SDG) target by a wide margin if the human civilisation does not pull up its socks and promptly acts to protect the natural order. This was made clear by Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services’ (IPBES) in its Global Assessment Report. The report, showcased how human activities, were devastating nature — one million species face extinction — called for “transformative changes across economic, social, political and technological factors”. Else 80 per cent — 35 out of 44 — assessed targets of the UN-mandated SDG’s would remain unmet, the report warned. Also Read – Hijacking Bapu’s legacyThe current trajectories used for conserving and sustainably using nature and achieving sustainability, such as those embodied in the Aichi Biodiversity Targets and the 2030 Agenda for Sustainable Development, cannot be met. Although there has been progress in the implementation of various policies and actions to conserve nature and manage it more sustainably, they are not sufficient to stem the direct and indirect drivers of nature’s deterioration. Also Read – The future is here!”Nature is essential for achieving the Sustainable Development Goals. However, taking into consideration that the Sustainable Development Goals are integrated and indivisible, as well as implemented nationally, current negative trends in biodiversity and ecosystems will undermine progress towards…goals related to poverty, hunger, health, water, cities, climate, oceans and land (Sustainable Development Goals 1, 2, 3, 6, 11, 13, 14, and 15),” revealed the summary of the report. Nature can be conserved, restored, and used sustainably through urgent and concerted efforts fostering transformative change. This includes taking into account climate change impacts in the definition of future goals and objectives, the report suggested. To curb direct drivers of nature’s deterioration, implementing societal goals – including those for food, water, energy, health and the achievement of human well-being; enhancing international cooperation and linking locally relevant measures can help. On the other hand, “five main interventions (“levers”) can generate transformative change by tackling the underlying indirect drivers of nature deterioration: (1) incentives and capacity-building; (2) cross-sectoral cooperation; (3) pre-emptive action; (4) decision-making in the context of resilience and uncertainty; and (5) environmental law and implementation,” the report said. While trajectories of transformation will vary across contexts, with challenges and needs differing, especially in the developing and developed nations, integrative, inclusive, informed and adaptive governance approaches can reduce the risks. Other measures include collaborating the knowledge, innovations and practices, institutions and values of indigenous peoples and local communities; coordinated mix of interventions on land, in freshwater and in the oceans; land-based climate change mitigation activities and nature-based solutions like use of green infrastructure — maintaining green spaces and biodiversity-friendly water bodies, urban agriculture, rooftop gardens — could be crucial for meeting Sustainable Development Goals. (The views expressed are of Down To Earth)last_img read more