Fiscal prudence ‘good news for investors’

first_img26 October 2011The South African government is committed to maintaining prudent fiscal policy, which is good news for investors, BoE Private Clients said following Finance Minister Pravin Gordhan’s Medium-Term Budget on Tuesday.“Given the global backdrop of sovereign risk and the potential for years of slower growth – as austerity and consolidation loom – the value of this commitment cannot be overestimated,” BoE Private Clients economist Madalet Sessions said in a statement.“Not only did Minister Gordhan highlight the trade-off between government consumption expenditure and infrastructure investment, but he also indicated a clear preference by stating that South Africa had to prioritise public infrastructure spending,” she said.“He further demonstrated government’s commitment to enhancing the growth potential of the economy by saying that the country had to borrow to invest in infrastructure – not government consumption.”Gordhan said for the next three years, the National Treasury would aim to moderate spending growth in order to stabilise debt as a percentage of GDP.“This commitment to prudence and fiscal consolidation over the medium term suggests that SA’s fiscal affairs will continue to stack up well in comparison with developed markets,” said Sessions.“This prudence should in the long-run pay handsome dividends as the threat of higher taxes and interest rates in the future remain contained.”Sessions said this would enhance South Africa’s attractiveness as an investment destination.Sapalast_img read more

Cape Town sets doves free for Mandela

first_img9 December 2013National Planning Minister Trevor Manuel has urged the City of Cape Town to name the balcony at City Hall after Nelson Mandela as it is “hallowed ground”.Manuel reminded the hundreds of Capetonians gathered in front of City Hall on Sunday for an interfaith service to remember Mandela that it was from this balcony that Nelson Mandela addressed the world for the first time after his release from prison on 11 February 1990. It was also here that he spoke before his inauguration as president of the country.Although the mood was sombre, the gathered crowd applauded when Manuel said: “When Madiba was released and [former state president] FW de Klerk offered to fly him to Joburg so that he could have his first rally in Joburg, he said: ‘No I am part of the people of Cape Town, I have been here for 27 years. This is my home and the first place that I can report and must report is to the people of Cape Town.’”Manuel, who served under Mandela as Finance Minister, spoke at the service that was part of South Africa’s national week of mourning for the former president. Flags were flying at half mast.Former Springbok wing Chester Williams, who was part of the team that won the 1995 Rugby World Cup, bid Mandela an emotional farewell: “We need to lift this legacy he left. We need more leaders like him,” said Williams. “To the world he was Nelson Mandela, to me he was the world.”CondolencesMeanwhile, South Africans and visitors are continuing to pay homage to former president Nelson Mandela at Cape Town’s Grand Parade. Bunches of flowers, colourful wreaths, letters and placards containing words of condolences filled up a fence set up in front of the City Hall.“Dear Mandela, We are bornfrees [a term used to describe those born after the end of apartheid] thanks to you. We love you,” one of the notices read.Another one signed by “an Angolan living in the city” reads: “Tata [literally, “father”] is gone, but we will never forget about you, a giant of the liberation … epitome of reconciliation.”The city has also opened books of condolence and has set up computer terminals in front of City Hall to allow visitors to leave online dedications on a wall of condolence created on city’s website. See“Thank you for the legacy that you have left. We will live on with your message of peace and forgiveness,” wrote Tatum Hendricks in one of the books of condolence.‘He changed my life completely’Those that SAnews spoke to at the Grand Parade were emotional about the former president’s passing. Daniel Stemmet from Hermanus said Mandela had changed his life. “I’m a gay person, and because of him I was allowed to get married and I was allowed to adopt a child, so he’s changed my life completely.”Capetonian Gwen Godlo said she was still trying to come to terms with Mandela’s death: “I felt so sad, because he was everything to us, an inspiration”.Desmond Fillis, who is visiting from Port Elizabeth, said, “He’s changed South Africa for all of us, it doesn’t matter what your colour is. He did it with so much sacrifice to him and his family, so there’s no way that people – especially South Africans – can not honour this man and his lifetime.”Masixole Velem, from King Williams Town who is studying in Cape Town, said, “I’m actually here to afford him the chance to rest in peace. He’s done a lot for South Africa in contributing to South Africa, all colours, the rainbow nation, together for a common purpose.”Cape Town Mayor Patricia de Lille on Sunday announced a series of events to take place in the city to honour Mandela. These include a commemorative event at the Cape Town Stadium on Wednesday.Details on the programme of commemorative events planned by the City of Cape Town are available at reporter and SAnews.govlast_img read more

Jeeps of joy

first_imgSreeraj Unnithan with his vintage jeepFlaunting their ageless charm and beauty, the jeeps of the bygone era are attracting Bangloreans. People here have always had a penchant for the old and rugged, but over the years new age machines and style has taken over substance, at least on the roads.,Sreeraj Unnithan with his vintage jeepFlaunting their ageless charm and beauty, the jeeps of the bygone era are attracting Bangloreans. People here have always had a penchant for the old and rugged, but over the years new age machines and style has taken over substance, at least on the roads. The last few years have seen that change with both youngsters and well as older and more experienced riders looking for, and taking pride in these tough machines that have weathered many storms.Agreed, the rugged CJs and Willys do not fit into definitions of conventional stunners. They lack the sensuous curves and sleek styling that the world drools over. But these vehicles were made for fighting battles. Like generals during war, they earn their spurs through sheer grit and passion, braving the storm without as much as a dent. They command a presence that is impossible to ignore. “I love the what-you-see-is-what-you-get honesty they exude,” says Sreeraj Unnithan, 34, a team leader in a software firm. “Look a jeep in the eye and you know it means business,” he adds.Suresh Kumar SP, 48-year-old senior scientist with the Defence Research & Development Organisation, stumbled upon his CJ 340 by accident. A free-spirited biker and nature lover, he chanced upon a stray entry in the local classifieds that offered security on four wheels minus the confinement that comes bundled with it. “I jumped at this best-of-both-worlds offer,” he says.But Kumar was lucky. These elusive vehicles don’t come so easy. They can’t be picked off showroom shelves and most enthusiasts either import or buy them from old garages and army disposal auctions. “You can choose to showcase them but these blue-blooded warriors are meant to rule the road,” says Rajesh Narayanan, clarifying that ‘vintage’ does not reflect snob value. Many of these vehicles are close to three decades old, and some date back much earlier.advertisementTextbook trivia goes that when Bantam introduced the first prototype during World War II, enamoured American soldiers informally christened the jeep after the popular cartoon character Eugene, Popeye’s jungle pet. And this was because; it was small, able to move between dimensions and could solve seemingly impossible problems. ‘Small’ is a subjective term, but the rest holds true to the many individuals who push these gentle beasts to the limit. Offroading or all-terrain riding, is a major draw to jeep communities across the country. Contrary to popular belief, it’s not always a ‘guy thing.’Rajesh Narayanan and Jayakrishnan MSapna Gurukar, 31, does not feel women look at offroading any differently from men. Drawn to the wheel watching husband Chandan in a few early tournaments, she confesses to being hooked by the sport. “You aren’t a speed devil on these tournaments, just a careful driver. That works perfectly for me,” she says. And the encouragement she has received from the word ‘go’ has been heartening. “I love the expressions on some of the men’s faces as they watch a woman step out of the macho machine. It’s a strange mix of incredulity and admiration,” she quips.Though from a distance they all seem alike-a hazy blur in military colours-owners believe each vehicle has a distinct personality. Jayakrishnan M, 34, a HR professional, calls his CJ 3B ‘Dwarf’. “It’s short-shafted, deceptively docile, and can surprise you with its temper,” he says. The other names are equally evocative. ‘Spidey’ crosses any obstacle in his path and ‘Gajini’ has inscriptions carved on his muscular frame.Buying one sets you back only by as little as two to three lakhs, but that’s just a fraction of the expense that goes into maintaining it. Very few mechanics are trained to handle breakdowns and spares, if available, come at steep prices. “On a lighter vein, if ‘jeep’ was an abbreviation, just empty every pocket wouldn’t be a bad option,” says Jayakrishnan.Despite the challenges, the thrills of a ride are incomparable. In some cases, functional modifications are made to make them slightly more comfortable, but don’t expect cushy leather upholstery or frilly makeovers. These are real men. Meant for the tough at heart. Once you step on it, life is never the same again. And who dares disagree. Vintage triviaCommon Vintage Military Models: Ford GPW,Willys MB,CJ2A,CJ3A.Willys: Willys built the first civilian Jeeps (CJ) soon after World War II.CJ 3B: This model has the maximum sale around the world. Close to 5,00,000 across companies worldwide.Cost of vinatge jeeps: Rs 3,00,000 lakhs.Cost of older models: Older models like the Ford GPWand Willys MB may fetch more than Rs 5,00,000 lakhs.Common Indian models: MM540 and MM550XD (Military).advertisementlast_img read more

Dahi Handi: SC asks HC to hear plea against age, height cap

first_imgNew Delhi, Aug 1 (PTI) Ahead of Janmashtami, the Supreme Court today remanded back to the Bombay High Court a plea of Maharashtra government challenging its order capping the height of the human pyramid and barring participation of minors in the famous Dahi-handi festival.A bench of Justices Kurian Joseph and R Banumathi sent the matter back to the high court asking it to consider the plea afresh in the wake of material furnished by the state government, several NGOs and individuals.The bench said the matter would be taken up by the Bombay High Court on August 7.The state government has told the apex court that it has put several security measures in place and therefore, the age cap should be relaxed.Dahi Handi is a ritual which will be observed during Janmashtami on August 14 this year across Maharashtra and nearby states.The apex court had on August 17, 2016 refused to relax conditions put by the High Court like barring youths below 18 years of age from participating in Dahi-Handi festival in Maharashtra and capping the height of the human pyramid at 20 feet.Few days later, a Mumbai-based organisation had sought modification of the order saying capping the height of human pyramid would take the “adventure” out of the festival which has become a “popular and competitive” sport in the western megapolis.It had told the court that the highest human pyramid at 43.79 feet has found mention in the Guinness Book of World Records and capping it would be “unfair”.The court, however, had refused to modify its order saying this ritual sometimes caused serious injuries to participants, particularly spinal cord injuries.advertisementIn August 17, 2016 order, the apex court had suspended the operation of two directions passed by the Bombay High Court to regulate the Dahi-Handi festival.One of the directions related to amending the existing law to bar children below 18 years of age from participating in dangerous performances like being part of the human pyramid of Dahi-Handi festival.The second direction of the High Court, which was also suspended, related to the part of the order which makes it mandatory for organisers to apprise authorities 15 days in advance about various aspects such as place of celebration, its timing and personal information, including birth certificates of participating Govindas on the ground of paucity of sufficient time.The Supreme Court had on August 10 revived a plea challenging a Bombay HC order restricting the height of human pyramids to 20 feet for Dahi-Handi ritual, saying it needed to hear the PIL petitioner before passing any order.The Maharashtra government had earlier approached the apex court seeking clarification on its 2014 order by which it had stayed the high court decision banning participation of those below 18-years in the popular Dahi-Handi ritual.The high court had on August 11, 2014 ordered that the height of human pyramids should not exceed 20 feet and that children below the age of 18 should not be allowed to participate. PTI MNL AG DVlast_img read more

How to Fix the iOS 111 Glitch That Wont Let You Type

first_img 2 min read November 7, 2017 Register Now » Are you having problems with your iOS keyboard after downloading iOS 11.1? You’re not alone.A strange bug affecting some devices running iOS 11.1 prevents people from typing the letter “i.” Reddit user TheCravin reported the problem over the weekend, noting that when some people try to type the letter “i” on a device running the public version of iOS 11.1, the keyboard suggests a different character like the “A,” “#” or “!,” followed by the “the Unicode character for ‘Hey I can’t read this'” — a box with a question mark.”I thought that was weird, but then I saw a tweet where someone clearly tried to type ‘I,’ and it instead showed the ‘A’ operator and then the question mark character,” TheCravin wrote. “When I tried to copy and paste the content of the tweet, my paste fixed it and just showed the letter ‘I.'”Several users chimed in on that thread and on Twitter saying they, too, were experiencing the issue.Anyone else finding this glitch on iOS??? What is going on? #is6621— Whitney McDonald (@WhitMcDonald2) November 3, 2017WTF IS THIS???— It’s Lizard ? (@_elizabeth_hull) November 6, 2017In a support note, Apple confirmed that some iPhones, iPads and iPod touch devices running the latest version of its mobile operating system are autocorrecting the letter “i” to the letter “A” with a symbol. It offered a workaround until it’s able to provide a fix in a future software update.Go to Settings > General > Keyboard > Text ReplacementTap .For Phrase, type an upper-case “I.” For Shortcut, type a lower-case “i.”Apple’s iOS 11.1, released on Tuesday, also includes more than 70 new emoji, including fairies, mermaids, a t-rex, a person meditating, a zebra, giraffe, hedgehog, cricket and more. This story originally appeared on PCMag Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box.last_img read more