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

National development is South Africa’s priority

first_img6 May 2015Co-ordinating, monitoring and evaluating the implementation of the National Development Plan (NDP) is at the top of his department’s priorities, according to Jeff Radebe, the planning, monitoring and evaluation minister in the Presidency.The Department of Planning, Monitoring and Evaluation was committed to institutionalising long-term planning, building on its five years’ experience since it was established, he said on 5 May before tabling his department’s budget vote.It was pleased with the work it had done so far.Operation PhakisaSince the launch of Operation Phakisa, the first project focusing on the ocean’s economy, key initiatives had been identified to realise the immense potential of the ocean’s economy to contribute to radical economic transformation, Radebe said.“Progress made since the launch of the Ocean’s Economy Operation Phakisa includes commitment of R7-billion of public sector investment in our ports by Transnet Ports Authority, amongst other investments made.”Construction of a new berth in Saldana Bay had been started, and progress could also be seen in the extension of the Mossgas Quay and the refurbishment of the Offshore Supply Base, valued at R9.2-billion of public and private investment.The Department of Trade and Industry had also designated that working vessels must meet a 60% local content target. “The Treasury Instruction Note issued will ensure compliance with this in all tenders,” said the minister.Various aquaculture projects had been launched, he said, that were benefiting many rural communities by enabling them to make a living from the seas and inland fresh water reserves.“Furthermore, the Department of Higher Education and Training has developed skills implementation plans aligned with these initiatives. To this end, the South African International Maritime Institute has been identified as the institution that would facilitate maritime skills development, with the support [of the education department].”Health and miningThe second Operation Phakisa initiative introduced in 2014 focused on improving the quality of services in primary health care, said Radebe. A detailed plan for improving service delivery in public sector clinics in all provinces had been developed and approved by the National Health Council.“We call this the Ideal Clinic initiative. It was undertaken in collaboration with provinces, districts, clinic managers as well as the private sector and non-profit sector,” he said.“Operation Phakisa Labs will also be conducted in the mining and education sectors.” In the former, the focus would be on increasing investment, transforming the sector and improving mineral beneficiation to drive radical economic transformation.In education, the focus would be on an information and communication technology approach to enhancing basic education.National Youth PolicyDeputy Minister Buti Manamela would explain the youth aspects in detail in the Budget Vote Speech, Radebe said. His department has a mandate to mainstream, provide oversight and lead the government’s efforts on youth development.“We have taken a different approach to tackling youth issues and we have gotten rid of [the] government’s approach to youth issues whereby we would ask them what they think, ignore what they say and do as we want, and adopted a new approach of consultation,” Radebe said.Manamela recently held several consultative meetings with youth across the country regarding the National Youth Policy (NYP) 2020. These culminated in the NYP 2020 Consultative Conference in March, which resulted in the inclusion of one more pillar to the four that existed initially.“When we commenced with the consultative process of the NYP 2020, we initially had four pillars of the policy comprising skills and education, economic inclusion and participation, health and well-being of young people, and nation building and social cohesion.“Through the inputs received from the youth through this consultative process that took place, we have included another pillar to form part of the policy, which is building youth machinery for effective delivery and responsiveness.”Inputs from the NYP 2020 conference were being finalised and would be adopted during Youth Month, in June. He said the policy would then guide the drafting of the integrated youth development strategy, which will be the blueprint for radically spearheading youth development against the backdrop of lack of skills and high unemployment.“The [Department of Planning, Monitoring and Evaluation] will monitor the implementation of the policy and its impact. As we finalise the youth policy. we give meaning to it by championing the development of the youth who are future leaders of this country,” Radebe said.“Thus, by prioritising youth development through education, entrepreneurship and job creation, it will be both a tribute to the Freedom Charter as well as to the future of our country.”Source: SAnews.govlast_img read more

How Starbucks Could Take Wireless Charging Mainstream

first_imgTags:#A4WP#Daniel Schreiber#Humavox#Matthew Guiste#Omri Lachman#Ossia#powermat#qi#Reinier H.M. van der Lee#Rezence#starbucks#wireless charging#WPC Related Posts adriana lee The components were designed to fit inside one of the smallest consumer devices imaginable, so it’s not tough to see those tiny receivers embedded inside the compact casings of wearable gadgets, one of Humavox’s target areas. Another startup, Ossia, believes charging should work entirely over the air.  Though a bit slower than traditional charging, Ossia’s Cota technology can supposedly transmit power safely over a distance. It has been tested at 16 feet, and the company claims it can work up to 30 feet. Ossia has been making motions toward the smart home industry, hoping to power battery-operated sensors and other gizmos. In the controlled setting of a retail environment, Cota devices could theoretically start charging your devices the moment you walk in. But that scenario will probably take a lot of convincing to appease public concerns over safety. If these emerging companies succeed, or the leading troika of wireless charging proponents get their act together, they could banish the drudgery of plugging in cables and power adapters once and for all. We’re not there yet. But Starbucks and Powermat took a big step toward that future. And until it gets here, at least now we can sip our lattes and charge on a table while we wait. Starbucks coffee photo (cropped) courtesy of Starbucks; Ossia photo courtesy of Ossia; all others by Adriana Lee for ReadWrite Offering a shot of one-stop convenience, Starbucks began its roll-out of free Powermat wireless charging last week. The Seattle, Wash.–based coffee purveyor equipped roughly 200 stores in San Francisco with the technology, ahead of a nationwide launch next year.I stopped by a location in Levi Plaza to check out the system and see if it lives up to the promise. There could be no in-between: It would either be a cool new convenience or a lame, over-hyped feature. See also: How To Boost Your Phone’s Battery LifeAs I sat in the cafe, with my phone resting on the table that piped juice to it, the answer was clear. Starbucks should consider extra security; Frapuccino-fueled patrons are destined to jockey for a seat at one of these tables. After years of trying, wireless charging could finally be on the verge of going mainstream in a big, caffeinated way. Getting Juiced Up At StarbucksWireless charging seems like a misnomer. People who have bought Powermat and similar products know that the main charging mat connects to a wall outlet with a cable. But it’s still considered “wireless” because phones, handheld gaming machines and other devices can power up just by sitting on top of it. At Starbucks, the mats (or “Powermat Spots”) are built into some of the tables and countertops. Despite reports to the contrary, Daniel Schreiber, president of Powermat Technologies, claims the charging speed rivals cabled connections. I gave it a try, and found the charging action to be pretty speedy.  The downside is that few phones support Powermat charging out of the box. Some Lumia phones have it built in, and compatible backplates, phone cases, batteries and small Power Ring attachments are available under the joint Duracell-Powermat brand. The system offers some backward compatibility—if you have one, even an older unit, you’ll be able to charge your device on Starbucks’ tables. If not, you can still use the Starbucks charging surfaces. The store loans out Power Rings for free on the spot and sells them there too for about $10, if you’d like to own one. Duracell-Powermat also sells them online. “You’ve got to have a complete system,” said Matthew Guiste, Starbucks’ vice president of in-store digital. “No one has taken the plunge, [but] we want to start giving manufacturers a reason to put it in their phones.” The retailer has a habit of pushing technologies into the mainstream. Back in 2001, the business proselytized Wi-Fi, being among the first to offer it for free. The chain’s knack for popularizing tech was the main reason Powermat partnered with it. “Wi-Fi was not a known commodity then,” said Schreiber. “They’re in a place to educate consumers.” Daniel Schreiber, president of Powermat Technologies, at Starbucks wireless charging roll-outEducation is needed. Wireless charging has been around for quite a while, but despite that, it still hasn’t managed to gain traction with consumers yet. Why Isn’t Wireless Charging A Thing Yet?Even though the electromagnetic technology behind wireless charging goes back a century, people still mess with cables and power adapters—now more than ever. See also: If The Future’s Battery-Powered, We’re ScrewedPoor battery life forces the hassle. Today, huge phones with larger batteries and power-saving tactics, like Android’s Project Volta, try to prolong the longevity of our devices, but these are workarounds for batteries that just can’t keep pace with advancements in mobile technology. Processing power, new features and our demanding requirements for connectivity make us “more dependent on our devices,” said Schreiber. “[But] it’s reached a crisis point where the industry is bringing us new uses that we routinely disable to give us more battery life.” The issue becomes worse with wearables, as tiny gadgets leave little space for big power cells. Some reports say the system won’t work with iPhones. Don’t believe everything you read. Wireless charging’s convenience can help ease the pain of short battery life. Unfortunately, like the old video rivalry between VHS and BetaMax, warring factions within the industry prevent a universal standard from paving the way for wider adoption.Earlier this year, two of the leading power consortiums—Powermat’s Power Matters Alliance (PMA) and the Alliance for Wireless Power (A4WP)—made some headway by joining forces. Reinier H.M. van der Lee, director of product marketing at Broadcom, a key member of A4WP, told me then that it would lead to “dual-mode receivers,” or gadgets that support both PMA’s open standard and A4WP’s Rezence standard. But the deal left out a third, the Wireless Power Consortium’s Qi—currently the most popular wireless charging option available in mobile devices. Devices like Samsung’s Galaxy, Motorola’s Droid and some Lumia phones offer built-in support. All three standards essentially rely on the same technology. Coils (in mats) create electromagnetic fields that transmit electricity when receivers (in gadgets and accessories) sit on top. But their approaches vary, and none work directly with either of the others. Rezence devices don’t exist as consumer products yet, but even if they did, single-mode products wouldn’t work on Starbucks’ Powermat charging tables. (They’d have to be dual-mode.) Qi gadgets, the most prevalent so far, won’t directly work either. To cut through the complications, Starbucks and Powermat made a smart move: Those free Power Ring loaners come in a choice of micro-USB or Apple’s lightning port. This cross-compatibility should cover most smartphones, and their in-store availability means people won’t have to plan ahead. This simple decision gives every customer some wireless charging powers. It just so happens to spread the gospel of Powermat to a massive audience as well.  Powermat’s Power Play After starting out with test roll-outs in select stores in Boston and San Jose, Starbucks is ready to go all in with PMA now. Guiste calls Powermat “the perfect partner,” thanks to its focus on commercial installations and managed support. “What we got is not just a standard,” he said. “We got launch partners and a managed network that can tell us what’s going on, down to the location and the [specific] spot at that location.”What Powermat got is a direct line to the vast market of coffee drinkers across the country. (Starbucks serves more than 5 million customers per day.) While obviously beneficial to Powermat, the strategy could also raise the profile of wireless charging overall, giving the whole industry a boost. It may even compel the various camps to work together on a universal standard. If so, it couldn’t come too soon. The already complex landscape of wireless charging could get even more complicated before long. As cable-free power-ups work to establish themselves in the mainstream, fringe candidates have been trying to push it in new directions. Startups like Humavox and Ossia want to ditch the mat entirely, using radio frequency technology to transform charging into Wi-Fi-like affairs. It’s All Up In The Air Humavox CEO Omri Lachman explained the design strategy behind his Eterna charging platform to me earlier this year: Users don’t use mats, he said. Instead, they toss their devices in a box. Those devices can vary, not just in variety, but size. With more than a little showmanship, he told me his company “didn’t start off with these devices,” holding up a smartphone. “We started with these,” he said, pointing to a small in-ear canal hearing aid.  What it Takes to Build a Highly Secure FinTech … Role of Mobile App Analytics In-App Engagement Why IoT Apps are Eating Device Interfaces The Rise and Rise of Mobile Payment Technologylast_img read more

Murillo: ‘Ranieri change positive’

first_img Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/ Sampdoria defender Jeison Murillo has hailed the appointment of Claudio Ranieri as “a positive change” for the team. Murillo joined Samp from Valencia in August and was speaking at Colombia’s training camp ahead of their two friendlies against Peru and Ecuador. “It’s great to play regularly in a League I have already played in, know well and like a lot. “I’ve played in practically all the games. Things aren’t going as we would’ve liked, but the change in coach is a positive change for us. Results are improving.” Ranieri has collected seven points since taking charge of Samp, although they still find themselves in relegation trouble. The former Inter man, meanwhile, has played eight times this season but was dropped for the last three games.last_img read more

From little things, big things grow

first_imgYou can keep up-to-date with all of the latest news and information from the 2014 X-Blades National Touch League in the following ways:Websiteswww.ntl.mytouchfooty.comwww.austouch.com.auSocial MediaFacebook – www.facebook.com/touchfootballaustraliaTwitter – www.twitter.com/touchfootyaus (be sure to use the hashtag #NTL2014)Instagram – www.instagram.com/touchfootballaustraliaYouTube – www.youtube.com/touchfootballausRelated LinksBig things ahead Growth.That was the message Touch Football Australia CEO Colm Maguire and his NRL counterpart David Smith spread when the heads of the two football entities came together on the morning of day one of the 2014 X-Blades National Touch League at Coffs Harbour.When the strategic alliance between the two sports was signed in August last year, it created the biggest sporting community in Australia.More than 1.1 million players are part of the community born out of the partnership between the two codes.A new brand called NRL Touch Football was unveiled and the inclusion of Smith and NRL head of football Todd Greenberg to the TFA board means the sporting bodies are working closer than ever before.  “The partnership is all about growth,” Smith said.“We are talking about two sporting associations coming together and make it a bigger sporting community, and that is very much in-line with the NRL’s objective to be the biggest sporting community in the country. “We are on the way to doing that.”Maguire said it was a significant day for touch football.“Over the last few years, and in particular last year, we have worked through a strategic alliance with the NRL,” Maguire said.“Today we are unveiling a brand that will take us towards a more united way and aligned way.”NRL great Nathan Hindmarsh said he would be getting plenty of enjoyment from the partnership.“For someone who has played rugby league for a living and no longer can do that in a competitive way, I look at touch football as my game to play,” the former Eel, Blues and Kangaroos forward said.“I will enjoy playing with my three young boys; it [touch football] is a great family game.”   By BEN HARRISlast_img read more

10 months agoSNAPPED: Rashford talks up Solskjaer’s glory days after Man Utd training

first_imgAbout the authorPaul VegasShare the loveHave your say SNAPPED: Rashford talks up Solskjaer’s glory days after Man Utd trainingby Paul Vegas10 months agoSend to a friendShare the loveManchester United mad Marcus Rashford admits he’s living a dream playing for new manager Ole Gunnar Solskjaer.Rashford snapped a moment involving teammates Jesse Lingard and Anthony Martial along with Solskjaer during training in Dubai yesterday.Rashford then posted to Twitter with a reference to Solskjaer’s iconic winner against Bayern Munich in the 1999 Champions League final.”Seconds left.. Becks whipped in a perfect corner. Teddy flicked it on. The rest is history” @ManUtdpic.twitter.com/JFGqwUHZLP— Marcus Rashford (@MarcusRashford) January 7, 2019 last_img read more

Video: USC AD Pat Haden Collapsed On The Sideline Prior To Tonight’s Game

first_imgPat Haden collapses on the field of the USC game.Pat Haden CollapseUpdate: Looks like Haden is fine and is headed back to California with the team. Good signs. Pat Haden checked out at local hospital and was OK. Is on his jet back to USC, per announcement.— Matt Miller (@nfldraftscout) October 18, 2015Earlier: There was a very scary moment on the sidelines in South Bend just before tonight’s USC-Notre Dame game kicked off. USC AD Pat Haden took ill and collapsed on the field. NBC’s television cameras and media on the sideline captured the scary scene.Video of #USC AD Pat Haden on the sideline pregame from NBC. pic.twitter.com/J491No5BFZ— Lindsey Thiry (@LindseyThiry) October 17, 2015#USC AD Pat Haden wasn’t feeling well on the sidelines before the game. Medical staff huddled around him. pic.twitter.com/NMzPb2R3yV— Daily Trojan Sports (@DT_Sports) October 17, 2015Reportedly, Haden is feeling better, which is a great sign. It’s unclear what exactly happened to him.Per USC- Pat Haden took a knee on sideline, felt light headed. Went with medical staff to locker area and is sitting up, appears to be OK.— Ashley Adamson (@AdamsonAshley) October 17, 2015He is stable and sitting up in locker room, spokesman said.— Gary Klein (@LATimesklein) October 17, 2015Haden has certainly been under a lot of stress lately. Hopefully he is okay.last_img read more

IndiaUS looking to codevelop small air launch UAVs Pentagon

first_imgWashington DC: India and the US have identified small air launch unmanned aerial vehicles and a lightweight small arms technology project along with aircraft maintenance for defence collaboration, a top Pentagon official has said. The US statement came as defence officials from the two countries held their latest round of Defence Technology and Trade Initiative (DTTI) talks here. The India-US DTTI meeting focused on encouraging the US and Indian industry to work together and develop next-generation technologies. Also Read – US blacklists 28 Chinese entities over abuses in Xinjiang”One project we’re looking at is small air launch UAVs,” US Undersecretary of Defence for Acquisition and Sustainment Ellen Lord told a media roundtable at the Pentagon on Friday. Lord, who co-chaired the meeting along with Secretary of Defence Production Ajay Kumar, said the teams are looking at very specific deliverables on the specific dates with key individuals having responsibility. “Overall, we look at this as a cost efficient, cost effective way to provide additional capability to the war fighter. There are three proposed mission scenarios, humanitarian assistance/disaster relief, cross border operations and cave tunnel inspection,” Lord said. Also Read – Want to bring back US forces engaged in endless wars: TrumpOn the drones, the discussions are mainly between the US Air Force Research Laboratory and India’s Defence Research and Development Organisation. In April, the two sides will write the technical planning document. “We plan to sign that sometimes in September timeframe,” she said, adding that the potential exists to involve the Indian industry in its co-development. The two sides also talked about virtual, augmented mixed reality for aircraft maintenance, which she stressed can deliver very significant potential to the two countries. “What we want to do is take both the US and Indian technology and translate that into a war fighting capability that both the US and the Indians can use. This is very much a collaboration in terms of our governments, our industries and our overall know-how. The beneficiaries will be both the US as well as the Indians,” Lord said. The next meeting will be held in India in September. With some of these systems, whether it be launching UAVs or virtual, augmented mixed reality, they are trying to focus on bolstering capabilities of platforms the two countries can share, she said.last_img read more

No competition with brother Aparshakti

first_imgNew Delhi: Actor Aparshakti Khurana says there can’t be any scope of competition between him and his brother Ayushmann Khurrana. “Competition generally happens between two equals. In our case, Ayushmann and I are in different spaces of cinema. He has always been a front-runner. His films differ from mine, and so does our audience.” “There can’t be any comparison, because comparison takes place between two equals and we both have different paths in the industry. There can’t be any competition,” Aparshakti said. Also Read – I have personal ambitions now: PriyankaHe also shared his desire to work with his elder brother on screen. “Ayushmann is a brilliant actor. He is doing a great job. We both really want to work together. Unfortunately, we have not got any script yet,” he said. He revealed that both of them are looking forward to collaborate on something special. Aparshakti is riding high on the success of Luka Chuppi, after wooing the audience with his comical performance in the 2018 hit Stree. Aparshakti’s next big screen appearance will be alongside Varun Dhawan in Street Dancer 3D.last_img read more

Cong releases poll manifesto with focus on jobs farmers Nyay

first_imgNew Delhi: The Congress on Tuesday released its manifesto for the Lok Sabha polls, making a slew of promises, including giving Rs 72,000 each to five crore poor families under the ‘Nyay’ scheme, filling up 22 lakh government vacancies, bringing a separate budget for farmers and fixing a single moderate GST rate. The 55-page document titled ‘Hum Nibhayenge’ (We will deliver) focused on addressing the issues of joblessness, farm distress, safety of women and boosting the rural economy, with stress on building a narrative on “real issues” faced by people. Also Read – India gets first tranche of Swiss bank a/c details The manifesto was released by party president Rahul Gandhi, former prime minister Manmohan Singh, UPA chairperson Sonia Gandhi and senior leader P Chidambaram among others. For farmers, Congress promised to put them on the path from “Karz Maafi” (loan waiver), to “Karz Mukti” (freedom from loans). This will be done through remunerative prices, lower input costs, and assured access to institutional credit, the party said, adding it will present a separate “Kisan Budget” every year, if voted to power. Also Read – Tourists to be allowed in J&K from Thursday Speaking on the occasion at the Congress headquarters here, Gandhi said the Congress will allocate 6 per cent of GDP to education, strengthen government hospitals and give high-quality healthcare access to poor if voted to power. The party also promised to enact the Right to Healthcare Act and guarantee every citizen free diagnostics, out-patient care, free medicines and hospitalisation, through a network of public hospitals and enlisted private hospitals. The Congress president alleged that the BJP government had spread hate and divisiveness in its five year rule and his party will work towards uniting India by bringing people together. “Our manifesto process reflects our commitment to a higher vision, that of listening to the ‘jan awaaz’. It is not the ‘mann ki baat’ of one individual but the collective voice of lakhs of people,” he said in a preface of the manifesto. With this manifesto, Gandhi said the Congress has offered to people “the only national alternative — a distinct alternative that is unwavering in its commitment to truth, freedom, dignity, self-respect and prosperity for our people.” He promised to make India “strong and united, and a just and prosperous society”. On the party’s showpiece minimum income guarantee scheme or Nyuntam Aay Yojana (NYAY), the party’s manifesto promised to give Rs 72,000 per year to the poorest 20 per cent households in India. To the youth of India, Congress pledged to make jobs its top priority, saying it will ensure 34 lakh jobs in the public sector by filling all 4 lakh central government vacancies before March 2020, persuading the state governments to fill 20 lakh vacancies and creating an estimated 10 lakh new Seva Mitra positions in every gram panchayat and urban local bodies. The party said it will also provide a fillip to private sector by incentivising businesses for jobs creation and employing more women. On GST tax, the Congress said it will radically simplify the GST regime with a single moderate rate of tax, zero rating of exports, and exemption for essential goods and services. It also promised panchayats and municipalities a share of GST revenues. The Congress, it said, will reverse the trend of declining defence spending under the NDA government, and increase it to meet the requirements of the Armed Forces. “We will expedite all modernisation programmes of the Armed Forces in a transparent manner. We will improve social security, education and health facilities for our Paramilitary Forces and families,” the party said. On education, Congress promised that school education from Class I to Class XII in public schools shall be compulsory and free. The party promised to pass in the first session of the 17th Lok Sabha the Women’s Reservation Bill reserving 33 percent of seats for women in the Lok Sabha and the State Legislative Assemblies. “Congress will also reserve 33 percent of all posts/vacancies in the Central government for women,” it said.last_img read more