South Africa’s message to the world from Davos

first_imgThe World Economic Forum (WEF) Annual Meeting is around the corner, starting on 17 January. We take a look at South Africa’s message from Davos to the world.Team South Africa is briefed during the World Economic Forum Annual Meeting in Davos on 21 January 2016. (Image: The Presidency, via Flickr)Brand South Africa reporterTwo elements are at the heart of South Africa’s global message from the World Economic Forum (WEF) Annual Meeting: the country has a stable economy and is an attractive investment destination.This year’s overall theme for the meeting, taking place as always in Davos-Klosters, Switzerland, is “Responsive and Responsible Leadership”. It runs from 17 to 20 January.Speaking to the South African Broadcasting Corporation (SABC), Finance Minister Pravin Gordhan said the WEF theme was important to ensure societies became more inclusive. Team South Africa, he said, would show that the country was a desirable investment destination.“Responsive and responsible leadership is fascinating both for us, the globe, whichever sector you come from and what is responsible leadership as they see it; it is about integrity and about understanding the environment in a holistic way so that you become part of a co-ordinated effort that they refer to,” Gordhan said.A progressive and transforming economyAmid challenging global economic conditions, there had been significant progress in the country, the Economic Development Department said in a 2016 assessment called The Future of the South Africa Economy from the Mirror of 2016: A review of economic development in 2016.“The economy avoided going into a recession in part through the collective action of business, labour and communities working with government, though growth remained very modest,” the report reads.Although 2016 was a tough year around the world, South Africa’s economy showed resilience. It has more than doubled in size since 1994 and the tax base has increased substantially.The Global Markets Publication said the country had the “best sovereign debt management operations and issuer” in sub-Saharan Africa, the finance minister noted in his medium term budget in October 2016. The World Bank also commended the country’s debt management, describing South Africa as “better positioned to absorb fiscal shocks going forward”.By limiting spending in government, creating dialogue across the nation and following international best practices of improving healthcare, education and social security, South Africa is gradually transforming its economy to be more inclusive.“Economic transformation was a key theme in 2016 and we made significant strides in opening the economy to new black-owned companies and expanding levels of youth entrepreneurship,” said the Economic Development Department.Investment and infrastructure“Investment is about confidence,” joint co-ordinator of the CEO’s Initiative, Jabu Mabuza, told the SABC. “That is why we have been working with government and labour in building confidence. We don’t get money from keeping the money in the bank; we are working with government to invest more.”Mabuza said business had been working with different stakeholders to boost business confidence, which was critical when companies decided where they wanted to invest.Tapping into the country’s oceans economy, R17-billion had been invested and 5,000 jobs created, Gordhan said in his October mini budget. “Licences for oil and gas exploration have been issued as part of the sector growth strategy.”State-owned entities would also be integral to continued growth of the economy and to drive development.Further investment – an estimated R987-billion over three years – would be made into the National Infrastructure Plan, said the department.The CEO Initiative is a group of about 90 chief executives and business leaders working with the government and labour to build confidence in the economy and reignite sustainable economic growth.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

Ahead of Modi’s visit, Maoists go on rampage

first_imgTwo security force personnel were killed and six others were injured as Maoists went on the rampage in various parts of Bijapur district of south Chhattisgarh on Monday.The increased Maoist activities in Bijapur have exacerbated the problems of the security establishment in the State even as Prime Minister Narendra Modi is scheduled to visit the district on April 14 for a function. Immediate impactThe Maoists triggered an IED (Improvised Explosives Device) blast near Tumla village on Kutaru road of Bijapur, targeting a bus in which some District Reserve Guard (Chhattisgarh police’s special anti-Maoist unit) jawans were travelling.Constable Lakhan Gawade, who was driving the bus, and head constable Anand Rao, were killed in this blast. ASI Bhojraj Morya and four DRG constables — Monaj Wacham, Sukhram Mandavi, Masaram Madiyam, Payaku Alam — suffered injuries in the blast.In a separate incident, the Maoists triggered two disparate IED blasts in Mahadev Ghat area of Bijapur when a team of the Central Reserve Police Force was carrying out a search operation in the area.last_img read more

Boxing: Leo Santa Cruz beats Abner Mares in a thriller rematch

first_imgAdvertisement AdvertisementVery rarely does the sequel live up to the original but Leo Santa Cruz and Abner Mares made part two of their 2015 bout leave fans wanting for more. After sharing a very intense 36 minutes in the ring together a little over a thousand days ago, the two gladiators picked up right where they left off back in August 2015. In a fight that was as back and forth as the seesaw at your local playground, Santa Cruz prevailed by unanimous decision – 117-111, 116-112 & 115-113. Santa Cruz also won their initial encounter by majority decision.Both guys came out gunning with high intensity to start the fight. By the midway point, Santa Cruz simply seemed to be outhustling Mares.Mares would have his moments though when he was able to entice Santa Cruz into a close quarters battle. It was really just a case of not enough of those moments for Mares.As the fight wore on and the championship rounds begun, the intensity grew and the raucous crowd at the Staples Center loved it. They came to their feet at the start of the final round and the fighters gave them plenty more to cheer about in a hellacious three-minutes, making for an entertaining conclusion in this instant classic.While Mares had some good moments in rounds 9 and 12, he simply lost too many of the middle rounds to walk away with the victory. Santa Cruz improves to 35-1-1 & now holds the WBC diamond belt and the WBA featherweight championship.last_img read more

The Arsenal stars who left to join bigger clubs

first_imgTransfers Alexis & the Arsenal stars who left to join bigger clubs Goal Last updated 1 year ago 04:40 1/23/18 FacebookTwitterRedditcopy Comments(19) Alexis Sanchez, Arsenal Getty Transfers Arsenal A. Sánchez Manchester United Manchester City Barcelona Premier League Primera División The Chilean has joined Manchester United, which makes him the latest in a long line of players to leave north London in search of trophieslast_img read more

Cherry Wins Sevens Player of the Year

first_imgAustralian Women’s Open Touch Football representative, Emilee Cherry has been recognised for her impressive start to her Rugby Sevens career, being named the Women’s Player of the Year at the John Eales Medal in Sydney on Thursday night. Cherry, who celebrates her 20th birthday today, has had a busy year, juggling her Touch Football commitments with her Sevens commitments as well as university studies. Cherry has had an impressive year on the Touch Football field, helping her South West Queensland Swans team make the final of the 2012 National Touch League and being part of the Australian Women’s Open team that defeated New Zealand in the 2012 Trans Tasman Series. She also helped guide the Queensland Women’s Open team to their State of Origin Series win over New South Wales in September, being named Player of the Series. Cherry recently was also a part of the South West Queensland Swans team that won the 2012 Queensland State Championships and was named Player of the Final. After taking up Rugby in 2011, Cherry has been a constant inclusion in the Australian Women’s Sevens team and was recently part of the team’s title win at the Asia Pacific Women’s Sevens Championships in Malaysia. Touch Football Australia would like to congratulate Emilee on her award. Related LinksCherry Wins Sevens Awardlast_img read more

Russian pay TV operator Akado has added the MGM HD

first_imgRussian pay TV operator Akado has added the MGM HD channel to its network.MGM HD is available to all HD subscribers. It is the 17th HD channel to launch on Akado’s pay TV platform.last_img