New governor for SA Reserve Bank

first_img20 July 2009 South African President Jacob Zuma has appointed Absa Group chairwoman Gill Marcus to take over from Tito Mboweni as governor of the SA Reserve Bank on 9 November 2009. Marcus, who has held a number of executive positions in the private sector, served as deputy finance minister from 1996 to 1999, and as a deputy governor of the country’s central bank from 1999 to 2004. Mboweni, whose contract ends on 8 August, was re-appointed by the President, but he indicated that he did not want to stay on. “As the term of office of the current governor, Mr Mboweni, is due to end on 8 August 2009, I initiated a process of consultation on the position,” Zuma said at a press briefing in Pretoria on Sunday. “I have reappointed Mr Mboweni. However, he has indicated he wishes to leave in November to pursue other interests.” Zuma said that, given Mboweni’s choice, he had decided to appoint Marcus as governor with effect from 9 November. “Ms Marcus will assume responsibility for an institution that is held in high regard in South Africa and among its counterparts across the world,” Zuma said. The primary objective of the Reserve Bank, he said, was to protect the value of South Africa’s currency in the interest of balanced and sustainable growth in the country. He added that the central bank performed its functions independently, without fear, favour or prejudice. Zuma praised Mboweni, saying that, during his tenure, the Reserve Bank “has undertaken its constitutional mandate with diligence and prudence. It has made a critical contribution to the country’s sustained economic stability, and has persued monetary policies that have fostered economic growth.” Zuma said he was confident that Marcus, who possessed the qualities of proven leadership, sound judgment and integrity, would be a worthy successor to Mboweni. “Ms Marcus has extensive knowledge of the institution she is now called upon to lead, having served as deputy governor of the Reserve Bank from 1999 to 2004.” Mboweni, who has held the position of governor for nearly 10 years, described his successor as an excellent leader who was no stranger to banking. “It’s a very good choice, she will do a very good job,” he said. Mboweni thanked the government for having offered him an opportunity to serve South Africa as its central bank governor. “I have enjoyed an excellent working condition with the Presidency, the former finance minister [Trevor Manuel] and the current one [Pravin Gordhan],” he said.Source: BuaNewslast_img read more

South Africa’s HIV rate stabilising

first_img11 December 2012 South Africa’s HIV prevalence rate has stabilised over the past six years, according to the government’s latest survey of pregnant women, while the rate of new infections has continued to drop, indicating that the country’s prevention efforts are beginning to take effect. According to the 2011 National Antenatal Sentinel HIV Prevalence Survey, released on Monday by Health Minister Aaron Motsoaledi, 29.5% of pregnant women attending state clinics in 2011 were HIV-positive. The survey estimated that about 5.6-million people living in South Africa were HIV-positive in 2011.Rate of new infections down While the figure of 29.5% has remained constant over the last six years – it stood at 29.4% in 2007 – the rate of new infections in the country, represented by the prevalence rate among 15- to 19-year-olds, continued to drop, from 14% in 2010 to 12.7% in 2011. The HIV prevalence rate among 15- to 24-year-olds also dropped, from 21.8% in 2010 to 20.5% in 2011. However, HIV prevalence among women aged between 30 and 34 remained the highest, increasing from 41.5% in 2009 to 42.2% in 2011. Among 35- to 39-year-olds, the prevalence rate increased from 35.4% in 2009 to 39.4% in 2011. Explaining the higher prevalence among older women, Motsoaledi said individuals in these age groups had become infected earlier in their lives, and were now moving into a higher age group, pushing up the prevalence rates. “The good news is that we have broken down the upward movement in the 15-19 years group, meaning that prevention is starting to work,” Motsoaledi said.Variations among provinces Among the provinces, KwaZulu-Natal, the province with the highest HIV prevalence, recorded a notable decrease between 2010 and 2011, from 39.5% to 37.4%. Gauteng also recorded a decrease over the same period, from 30.4% to 28.7%. However, Mpumalanga (from 35.1% to 36.7%), the Free State (from 30.6% to 32.5%), North West (from 29.6% to 30.2%), and Limpopo (from 21.4% to 22.1%) all showed increases. The Eastern Cape had a prevalence rate of 29.3% in 2011, while the Northern Cape (17%) and Western Cape (18.2%) were the only provinces with rates below 20%. Motsoaledi said the increase in the Gert Sibande District in Mpumalanga was not surprising but very worrying, as 40% of the country’s energy supply came from there. “[Gert Sibande] needs a massive circumcision campaign, which they have not launched,” he said, adding that the situation needed to be looked into. Motsoaledi attributed the decline in KwaZulu-Natal to the hard work of the provincial branch of the National Aids Council, and the success of the government’s HIV Counselling and Testing and circumcision campaigns. SAinfo reporter and SANews.gov.zalast_img read more

Philanthropists honoured for their good work

first_img2015 Inyathelo Philanthropy Awardees pose with Inyathelo Executive Director, Nozizwe Madlala-Routledge (center). Left to right: Tyrone Aaron, Paul Modjadji, Nozizwe Madlala-Routledge, Shamillah Wilson, Judy Stuart, Nonkululeko Xulu. (Image: Inyathelo)The most deserving philanthropists in the country were honoured at the ninth annual Inyathelo Philanthropy Awards, which celebrate and honour those people whose personal giving has contributed towards sustainable social change in our country.Initiated by Inyathelo The South African Institute for Advancement, the awards took place on 5 November at the V &A Waterfront in Cape Town. All of the awardees demonstrated initiative and leadership and had used their personal funds in a strategic way to make a difference, said Inyathelo executive director Nozizwe Madlala-Routledge.“Philanthropy is dependent on the interest, passion, commitment, generosity and foresight of individuals like those we have honoured today,” she said. “Our awards seek to inspire others to give by recognising the incredible role models that live and work amongst us.“We believe philanthropists play a critical role in effecting real systemic change as they are able to support more innovative and often unconventional solutions to our numerous social, environmental and economic challenges in South Africa.”LEADERS IN PHILANTHROPYIn the nine years of its existence, Inyathelo has honoured over 90 philanthropists from very different backgrounds, including Archbishop Emeritus Desmond Tutu; 10-year-old rhino campaigner Afeefah Patel; founder of the Hope Warriors Children’s Charity Patrick Mashanda; former vice-chancellor of Rhodes University Dr Saleem Badat; Paul Bruns, who set up a project to rehabilitate convicted offenders; co-founder of the Spread Luv Movement Kgomotso Mokoena; and Alice Wamundiya, a former car guard from Rwanda who established an organisation to provide tertiary education for refugees.According to Madlala‐Routledge, individual or private giving is now the second biggest source of income for civil society organisations and anchor institutions like universities.“I believe anyone can be a philanthropist. South Africa is a nation of givers. The spirit of ubuntu is ingrained in us all. It really doesn’t matter how much you give, it’s what you are able to achieve with what you share that really counts.“Growing philanthropy in support of our civil society and higher education institutions will help strengthen our democracy and realise its fruits for those who have been excluded and marginalised. We hope the passion, commitment, generosity and vision demonstrated by all our awardees will inspire others in South Africa to go out and make a difference.”WINNERSThis year’s winners are: Paul Modjadji, Tyrone Aaron, Judy Stuart, Nonkululeko Xulu, and Shamillah Wilson.Modjadji is an internationally acclaimed choreographer, dancer and director of Dare to Dream. He is the recipient of the 2015 Inyathelo Award for Philanthropy in the Arts.He established Dare to Dream five years ago in Hammanskraal, north of Pretoria, where he grew up, with the intention of empowering young people to follow their own dreams by offering free art, drama and leadership programmes to disadvantaged youngsters. Since then, he has reached over 10 000 young people across South Africa.A two-time world dance champion, in August US President Barak Obama presented Modjadji with the prestigious Mandela Washington Fellowship Young African Leaders Award at a ceremony in Washington DC. In the past two years, he was crowned top dancer globally by the New York-based Talent America Showcase and he made history by being crowned the first African dancer to win the European Star Dance Union World Championships.Modjadji’s next project is to raise funds to build dance academies in South Africa’s townships.Tyrone is a 13-year-old pianist and community activist. He is the recipient of the 2015 Inyathelo Award for Children in Philanthropy.With a father as a musician, his passion for the piano was ignited when he was just six. He started on the keyboards and within a few years he was composing his own songs.When Tyrone heard about the possible closure of an organisation that cared for people with intellectual disabilities just before his 10th birthday, he asked his mother to organise a concert to raise funds for the home. The concert raised R25 000.It was his first but not last effort for others. Since then, he has helped children who suffered during the xenophobia crisis as well as the Marikana mining strikes by providing them with warm clothing and shoes. He recently raised over R45 000 for the Sabi Sands Conservation Trust and Rhino SA after reading about the brutal killing of more rhinos by poachers in Mpumalanga.Tyrone is due to release a CD of original songs later this year, including a song about the rhinos which he hopes will help create awareness and raise funds for those working to stop the slaughter.Stuart is a Howick dairy farmer and the founder of the Future Farmers Foundation. She is the recipient of the 2015 Inyathelo Award for Philanthropy in Economic Development. She initiated an informal farming apprentice placement programme in 2006 for disadvantaged learners from Zakhe Agricultural College in KwaZulu-Natal.In addition, Stuart organises for young people to serve apprenticeships on commercial farms. She also finds placements for the best students on globally competitive farms around the world. On their return to South Africa, she helps them to find jobs with local farmers.Xulu is an entrepreneur and founder of The X Foundation. She is the recipient of 2015 Inyathelo Award for Philanthropy in Education.Her passion is to uplift and empower disadvantaged youngsters by providing them with bursaries and the necessary resources they need to support their studies. Like many South Africans, she believes education is one of the pathways out of poverty.The X Foundation was established in 2010 and targets schoolchildren in Umlazi, Durban.last_img read more

Statement by Minister of Finance Pravin Gordhan

first_imgRead the full statement by Pravin Gordhan, South Africa’s newly appointed Minister of Finance, delivered at a press conference on Monday 14 December.• Download the statementI return to a portfolio that was assigned to me for five years between 2009 and 2014. I have been associated with the Finance Family for almost two decades. I am relatively familiar with the terrain and its challenges.The facts about the developments that took place last week and the response of the financial markets are well-known. Our currency fell, the stock market dropped by 2.94 per cent and bond yields shot up by over 150 basis points.Our government is acutely aware of the financial impact this had on those who are invested in this economy. As President Zuma indicated when a decision triggers developments such as these, a democratic government has a duty to listen and respond appropriately. I am therefore, privileged to address you today.Our humble appeal to the nation is to work with us as we continue to build a resilient economy and a better life for all South Africans in the context of a challenging global, emerging markets and domestic economic environment.We understand that it is our duty to continuously earn the trust and confidence of the South African public, and we commit ourselves to doing just that.Our focus in the coming months will be to do the following diligently:1. We will stay the course of sound fiscal management. Our expenditure ceiling is sacrosanct. We can have extra expenditure only if we raise extra revenue. We will unreservedly continue our fiscal consolidation process and we will stabilise our debt in the medium term. If needs be, we will accelerate this by either cutting spending or making selective changes to tax policy. Similarly, any revenue raising opportunity will be considered very carefully to ensure that it does not damage growth or affect the poor negatively.2. I want to be very clear: we will not cut pro-poor programmes, growth inducing programmes and investment. Instead we will seek to increase investment in the 2017 Budget.3. We are going to redouble our efforts to ensure efficiency of expenditure across the public service. New measures are being put in place to contribute to reducing corruption and enhancing transparency and these will be complemented by stern enforcement.4. We have been clear that one of the risks to our fiscal framework is the financial state of State-Owned Companies. Let me emphasize that any support to these companies will be done in a fiscally sustainable manner. As President Zuma said “no state-owned entity will dictate to government how it should be assisted and nothing will be done that runs contrary to the fiscal prudence that our country is renowned for.” While many are in a strong financial position, the performance of others has weakened. Work has therefore, begun to develop a uniform legislative framework to regulate state-owned companies. We cannot avoid the necessity of wide-ranging reforms that will put them on a sustainable financial footing and where good governance is non-negotiable.5. Government is committed to strengthening the link between policy formulation, budgeting, and performance.6. Working with the Reserve Bank, we are going to intensify and accelerate the pace of financial sector reforms, which will be underpinned by the Financial Sector Regulation Bill. A stable financial sector is central to oiling the real sector of the economy. As a caring government we fully appreciate our duty to protect all those invested in our economy. We will always act to protect the pensions invested in our bonds, equities and other forms of stocks.One of the strengths of our country is a strong and modern private sector in whose hands rests around 80 per cent of our economy. We are going to intensify our cooperation and partnerships with the private sector to improve investment so that we can achieve higher rates of growth.South Africa has a solid history of sound macro-economic policy management. Since the dawn of democracy, our government has advanced policies that are meant to address inequality, reduce poverty and unemployment.We recognise that to do this, we need faster and more inclusive growth and job creation. A growing economy creates work opportunities, and 5.4 million South Africans need work. A growing economy delivers tax revenues which we need to finance various programmes of the State and to effect redistribution so that we can reduce inequality and poverty. The centrality of growth to achieve our policy objectives is paramount.We take account of the concerns of the rating agencies and investors and we shall endeavour to protect the investment grade rating of South Africa.Let me take this opportunity to sincerely thank my comrade and former colleague Mr Nhlanhla Nene for the great work he did in the past 18 months.Fellow South Africans, I know it is time to break for Christmas, but some of us have work to do to make sure that 2016 is better than 2015. Let us get down to business!Thank you very much. I look forward to working with you as Minister of Finance in the NewYear.Issued on behalf of the Ministry of FinanceDate: 14 December 2015last_img read more

AgTube: “Lawyers In Cages” – Anti-HSUS Super Bowl Commercial

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The Center for Consumer Freedom is getting the word out about the real causes The Humane Society of the United States are working for in this new Super Bowl commercial.last_img

Digg Opening Up? New Read/Write API Coming Soon

first_imgsarah perez According to news posted this morning to API-tracking website ProgrammableWeb, the social news community at Digg.com may be on the verge of opening up. In a recent message shared on the Digg mailing list, developer Jeff Hodsdon announced that the forthcoming Digg API will allow people to “not only read data, but also contribute data, too.” In other words, a Read/Write API. The implications of this decision are huge. Whereas before Digg was the place to find and share interesting links from around the web, that role has, as of late, been taken on by microblogging site Twitter.com. To combat Twitter’s threat, Digg has tried launching new features like the DiggBar and their own URL-shortening service, but nothing they’ve done so far could have as big an impact on their future as the new API. Digg Knows How to Get Traffic and the API Will Deliver That Much MoreTo drive traffic to their service, Digg launched a couple of different initiatives this past year including a browser toolbar and a URL-shortening service. First, there was the controversial “DiggBar” which initially drove traffic to Digg.com via a short URL service that displayed the news story within an iframe wrapper. Later, they changed the way their short URL service operated to redirect anyone clicking the URL directly to Digg.com – even if they weren’t currently logged into the Digg website. This quickly became known as Digg’s attempt to “bait and switch” its users. Instead of being sent to the news story as expected, users unwittingly wound up on Digg.com. Despite the outcry (and a confused founder Kevin Rose who wasn’t aware of the change), the site continues to operate their URL service in this way. And why is that? Because, at the end of the day, Digg.com needs traffic to stay competitive. The soon-to-launch read/write API will simply be another way to get those valuable clicks. With a read/write API, developers will be able to add “Digg This” functionality to their third-party applications. Adam DuVander on ProgrammableWeb notes this means developers could do a number of things like “automate posting stories and incorporate it into a publishing system,… save a link once and have it go to Digg, your bookmark service and Twitter… allow anyone to create their own interface to Digg, which would also provide Digg itself with additional content.” The potential is nearly limitless. Heck, you could even incorporate a “Digg This” button into a Twitter client app like TweetDeck, for example.To encourage developers to actually build apps or integrate Digg functionality within their existing applications, Digg recently allowed commercial use of their API. That means developers can actually monetize their applications “with full ownership and free of fees,” says the Digg API license agreement. That gives the developer community even more incentive to put the API to use. Digg Needs Traffic to Fight the Real-Time Web The API change is arguably a brilliant move by the (potentially) fading social news site to combat the threat that comes from the real-time web. There was a time when Digg.com was the king of link-sharing on the social web. Getting “dugg” sent massive amounts of traffic to your website, often overwhelming servers and bringing the site down – a problem that soon became known as the “Digg effect.” While Digg still has that power today, Twitter is quickly becoming the link-sharing site of choice for many users. The reasons for that are many, but one key reason is that Twitter levels the playing field a bit – getting “dugg” is notoriously hard and getting something to the front page seems to be controlled by an elite crowd of diggers… no matter how hard Digg tries to combat that problem. Twitter, on the other hand, is easy. Anyone can share links, and through the power of “re-tweets” large amounts of traffic can be driven to websites, too. Although there’s no “Twitter effect” just yet, its time may be coming soon. With Twitter. we’ve seen the dispersal of information sped up. Where it can still take hours – and sometimes even days – to see a hot story make the front page of Digg.com, breaking news on Twitter moves at a much more rapid pace. Within minutes, the news spreads like wildfire, overtaking people’s timelines and making its presence known in the Twitter trends. Although today Digg is still going strong, if they can’t transform their service into more of a real-time news site where information isn’t “old news” by the time it reaches an audience, then they will eventually find themselves outpaced by other services.By opening up their API, Digg could deliver even more traffic to their site than they’ve ever done before. And with the additional traffic, stories could move through their system faster. Getting the necessary number of diggs needed to make a story “go popular” could, in theory, take minutes instead of hours if enough diggs came though. With additional traffic speeding up front page turnover, Digg could remain competitive with other real-time services that are attempting to steal their glory. Soon, one of those services may be bit.ly, whose URL shortening service is now the default for the Twitter community. According to recent news, bit.ly plans to mine links it collects to create a real-time news service a lot like Digg’s, but based on Twitter instead. There’s no doubt that Digg is aware of this potential threat, and that has at least partially influenced their decision to open up.Still, despite Digg’s plans, we have to wonder: will the read/write API be enough for Digg to compete further down the road? Let us know what you think in the comments. The Dos and Don’ts of Brand Awareness Videos Tags:#news#Social Web#user-generated content#web Facebook is Becoming Less Personal and More Pro…center_img Guide to Performing Bulk Email Verification A Comprehensive Guide to a Content Audit Related Posts last_img read more

Now Everyone Can Embed Facebook Posts

first_imgFacebook is Becoming Less Personal and More Pro… Tags:#Facebook#now A Comprehensive Guide to a Content Audit The Dos and Don’ts of Brand Awareness Videos Guide to Performing Bulk Email Verificationcenter_img Related Posts Facebook just made embedded posts available to everyone, not just a select group of publishers. It first launched embedded posts in late July, more than two years after Twitter allowed people to embed tweets into news stories and blog posts.Facebook added some new features, including in-line video playback, the ability to re-embed status updates by grabbing the embed code from an already embedded update, and aesthetic changes that make it easier to view posts on mobile devices.Here’s what an embedded update looks like, if it works (it’s been wonky here on ReadWrite so far):Post by ReadWrite. readwritelast_img read more

Bopanna gives India a winning start in CWG tennis

first_imgIndia were off to a perfect start in the tennis event of Commonwealth Games with Rohan Bopanna demolishing Robert Buyinza of Uganda in straight sets in the men’s singles event in New Delhi on Monday.Bopanna was too good for a player, who has just one ranking point in the ATP charts, as he completed a 6-1 6-4 win in just one hour and two minutes in the first round.The tall Karnataka-lad is scheduled to play a second match on Monday when he pairs up with Nirupama Sanjeev against top seeded Australians Paul Hanley and Rodionova Anastasia.Bopanna on Monday dropped 114 places in the ranking chart to be at 587 but he was coming into the event after playing a crucial role in the Davis Cup tie against Brazil and was hardly troubled by the African player.With two break of serves, Bopanna raced to a comfortable 5-1 lead in the opening set and sealed the lead in just 21 minutes.Buyinza, ranked 1601, overcame the initial jitters and started to serve well in the second set but unforced errors continued to flow from his racquet.After missing four break points, Bopanna converted the fifth to get his first break — in the fifth game — to be up 3-2 in the second set.He had a chance to close the set in the ninth game but Buyinza played his best tennis to save that point. However, he could not stop the Indian from serving out the match in the next game.advertisementBut there was hardly any crowd to celebrate Bopanna’s win at the Centre Court.India’s Poojashree Venkatesh, Rushmi Chakravarthy and the the mixed doubles pair of Sania Mirza and Leander Paes are also scheduled to play later in the day.last_img read more

MS Dhoni’s dazzling glove-work vs KKR: ‘He has set the benchmark for us Indians’

first_imgMS Dhoni is nearly 36. As wicketkeeper, captain, finisher, he has been one of the busiest cricketers in the world since December 2004. He eventually stood down as India’s limited-overs captain and the focus shifted to his batting, which had been an area of concern for a while.He shut up some doubting thomases with an ODI hundred and a maiden T20I fifty against England but things took a turn for the worse in the IPL – he has so far managed only 152 runs from eight matches with a best of 61 not out (a match-winning effort vs defending champions Sunrisers Hyderabad).While Dhoni’s form with the bat could still worry his fans, his wicketkeeping has been as magical as ever. In fact, he seems to be getting better and faster with age.He was brilliant against New Zealand where he ran Ross Taylor out with a bachand flip. Dhoni’s glove-work was on show again in the IPL Wednesday night when he smartly ran Sunil Narine out after his quick start to Kolkata Knight Riders’ steep chase.Dhoni, who is in the middle of his second season for Rising Pune Supergiant, has displayed some deft wicketkeeping skills but that run-out last evening left everyone in awe.KKR skipper Gautam Gambhir tucked a Washington Sundar delivery off his pads and Shardul Thakur swooped in on the ball at short fine before throwing it to Dhoni, who flicked it back on to the stumps without even looking back. Narine was run out by some distance!advertisementRobin Uthappa walked in to bat at the fall of Narine’s wicket and slammed 87 off 47 as KKR completed another successful chase.  Later, after he had picked up the man-of-the-match award, Uthappa, who also keeps wickets for KKR, paid the perfect tribute to Dhoni.”MS Dhoni has sent the benchmark for Indian wicketkeepers.. So trying to get there slowly but surely,” he said.Twitter was of course also abuzz with Dhoni’s magical work behind the stumps.#MSDhoni Magic Behind the stumps For Nth Time @msdhoni @ArunPandey99 #RPSvKKR pic.twitter.com/4iUvjHbaI2- Raghav (@Im_RaghavVR) April 27, 2017PIC Of The Day: When #MSDhoni RunOut Sunil #Narine Without Looking At The Stumps. He’s Pro At Doing That. ?????#Legend #RPSvKKRRT If Loved It pic.twitter.com/a5YwQOpGs2- Sir Ravindra Jadeja (@SirJadeja) April 26, 2017#Thala #Dhoni* Best Wicket KeeperYesterday another Excellent Run Out. No one replace @msdhoni #MSDhoni pic.twitter.com/1SWhr8c2O8- Kollywood Cinema (@KollywudCinema) April 27, 2017These type of run-out only @msdhoni can do. ?????????#runoutStumping ka baaaaap????????????#MSD????? pic.twitter.com/pReYOJyG1e- vicky vikram (@vickydolai) April 27, 2017last_img read more