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June 2, 2021 | |Post a Comment

first_img Rachel Curtis, left, and her daughter Peyton Curtis, 13, observe art work at the 60th Annual Permian Basin Juried Art Exhibition Friday at the Ellen Noel Art Museum. Peyton Curtis was a first time participant in Ellen Noel Art Museum’s Teen Artist Residency Program and had her work on display also. Twitter Celebrate Texas: Art & Fashion exhibit attendees observe dresses Friday at the Ellen Noel Art Museum. 1 of 10 Sarrah Woods, left, and her father James Woods observes art work titled “The Art Student” by Samuel Ziegler, painted in 1921, at the Celebrate Texas: Art & Fashion exhibit Friday at the Ellen Noel Art Museum. Facebook Miranda Poage, left, Jordan Granado, center, and his mother Christina Granado observe art work at the 60th Annual Permian Basin Juried Art Exhibition Friday at the Ellen Noel Art Museum. James Woods, right, observes art work at the 60th Annual Permian Basin Juried Art Exhibition Friday at the Ellen Noel Art Museum. Jan Pierce acrylic paintings on display at the 60th Annual Permian Basin Juried Art Exhibition Friday at the Ellen Noel Art Museum. Tryon Lewis observes art work at the 60th Annual Permian Basin Juried Art Exhibition Friday at the Ellen Noel Art Museum. Pinterest Alice Leese pointed a finger across the exhibit floor, over to a permanent fixture in the Ellen Noel Art Muesum, apart from the new displays.“That’s why I became an artist — that painting,” Leese said, pointing to a familiar sight for Odessans; the Tom Lea mural titled ‘Stampede,’ painted in 1940 for the city as part of the New Deal program, and put in the post office where it hung for 75 years.It’s 16 feet wide, featuring bucking bulls and a rider tumbling from his horse, imposing, and impressionable — as is evident.Just a few steps away, through a door and on another exhibit floor in the museum, the work of Leese’s daughter, Elizabeth Hendershot, stood shining with just as much command. Previous articleTRACK AND FIELD: Athletes compete at Day 1 of West Texas Junior OlympicsNext article‘Pack the House’ to destroy barriers admin RELATED ARTICLESMORE FROM AUTHOR The 60th Annual Permian Basin Juried Art Exhibition and Celebrate Texas: Art & Fashion attendees observe art work Friday at the Ellen Noel Art Museum. Cory Maxwell, center, takes a closer look while observing art work at the the 60th Annual Permian Basin Juried Art Exhibition Friday at the Ellen Noel Art Museum. Twittercenter_img Jeremy Roberts observes art work title “#ArtificialSweetener” by artist Abel Killed Kain at the 60th Annual Permian Basin Juried Art Exhibition Friday at the Ellen Noel Art Museum. 2021 SCHOOL HONORS: Permian High School WhatsApp WhatsApp It’s stories just like that — about influence and progression in community — that flow through each corner of the new Celebrate Texas exhibit, which opened Friday night at the museum in Odessa.The exhibit, now open through to early September, features work by Texans on two distinct show floors, with one highlighting paintings and other more traditional pieces dated from 1850 to 1940, and another floor focusing on the work of Texan fashion designers, showcasing pieces from 1910 to the present day.Hendershot’s bridal gown from 2017 stands there, in a room lined with glistening pieces that have seen Hollywood and Project Runway, and have been further.Leese grew up outside Odessa, and now lives on ranch land in Winkler County, and now, the work of her daughter, who grew up in the Permian Basin and went through Andrews ISD, is on display in the same museum as that post office painting that introduced Leese to the world of art years ago.“This is what made me become an artist, and then it’s been passed down through her,” Leese said.That’s a bit of a theme that runs through the exhibit, which over time can showcase influence and its result in a unique, certain part of the world: Texas.“It’s another reason to be proud of being Texan,” said curator Daniel Zies, who put the exhibit together for the museum. “You get to see all these people getting to do stuff, and different forms of being creative.”Zies said part of his goal with the exhibit was to bring together the work of artists who either are from Texas, or found Texas to be their home.“The thing that I notice today, is if you go around the room, these are people that are from small-town Texas; small-town beginnings,” museum director Sheila Perry said. “But they had an aspiration.“It kind of shows you the Texas spirit and determination,” she said.Perry noted that on the floor featuring fashion design, the exhibit showcases something apart.In trying to research and curate pieces for the exhibit, Zies found that there wasn’t much else to go on. As far as dress and gown designs by Texans, it’s something he found hadn’t really been done.“When I went to grad school (at Texas Tech) for museum science, I did art for half of it and I did textiles for the other half,” Zies said. “So it’s really fun when I get to go back and do textiles — especially for us, for this museum. We’ve done a lot of textile exhibitions and they’re always our more popular shows.”Leese, and husband and Hendershot’s father Robert Leese, attended Friday’s opening reception because Hendershot couldn’t make it. “So we took a lot of photos,” he said.The two floors dedicated to the Celebrate Texas exhibit are attached to the museum’s Permian Basin Juried Art Exhibit, which features West Texas artists and explores the theme of ‘metamorphosis’ through June 29.“Usually if you hear West Texas artists, you think cowboys, mountains,” said Olga Nedorub, of Midland, standing in the juried art exhibit but speaking to the creativity in both.“I think it speaks to the fact that it’s celebrating Texas, not in the scenery of Texas, not the culture of Texas, but the people who live in Texas and their talents and what those people want to do,” she added. “I think it’s more about artists themselves vs. a theme.”The Celebrate Texas exhibit — with all its variety and range — is on display through to Sept. 2.“I thought Daniel did a really good job (as curator), because he paired the very serious and also the very historical with the fun and the aspirational,” Perry said.“No matter what you like, and what you think celebrating Texas should be about, there’s going to be something for you.” Facebook Local News ‘Texas spirit and determination’: Ellen Noel Art Museum’s Celebrate Texas exhibit opens Pinterest Celebrate Texas: Art & Fashion exhibit attendees observe dresses Friday at the Ellen Noel Art Museum. Home Local News ‘Texas spirit and determination’: Ellen Noel Art Museum’s Celebrate Texas exhibit opens OC employee of the year always learning By admin – June 8, 2018 Virgin Coco MojitoFoolproof Roasted Pork TenderloinSouthern Style Potato SaladPowered By 10 Sec Mama’s Deviled Eggs NextStay ECISD undergoing ‘equity audit’ last_img read more

September 16, 2020 | |Post a Comment

first_imgUPDATED: Oct. 8, 2018 at 12:10 a.m.As a small child, Elizabeth Jamison roamed the sidelines of her mother’s ultimate frisbee games.  Her mother, Alicia Shultz, played in various ultimate tournaments and taught her the basics of the sport. Throughout Jamison’s time in high school, they played in local social and women’s leagues together, and while she’s glad Jamison picked up the sport, Shultz never pushed her to play. Jamison found a passion for the sport on her own.  “She always wanted me to (play) it,” Jamison said, “but I was actually planning on going to school for music, so all my time (in high school) was towards music stuff. So, she definitely established my love for it, but then I came back to it because of my own love.”Jamison’s first experience with competitive ultimate came her sophomore year at SUNY-ESF when she joined Fox Force Seven, the Syracuse women’s ultimate frisbee team. Now, as a senior, she’s one of two captains on the team and handles scheduling, payments and practices, among other things. AdvertisementThis is placeholder textAfter a freshman year in which her former roommate and close friend Miranda Ciardulli described Jamison as being in the library all the time, the pair discovered Fox Force Seven through an event called “Discology.” Ciardulli thought they should go to the event, not Jamison.Both enjoyed the event and joined the team, and while it was Ciardulli’s first time playing, Jamison already had an advantage on many of the players. Summer leagues and learning from her mom aided Jamison. In the first month after she joined the team, she was one of three new players invited to play with the team in a tournament.“The normal way you throw a frisbee is the backhand, and then there’s a flick (forehand),” Ciardulli said. “Usually, people who are just learning cannot throw that for their life, but she could already throw it, and she could play, and her flick is just amazing, so people would be like, ‘Oh my God.’” Jamison still had adjustments. College ultimate was faster and more strategic. In higher levels of the sport, there are two positions – cutters and handlers – and they function akin to quarterbacks and wide receivers in football. Jamison handles for the college team and cuts for her club team. More fluid than football, ultimate players don’t run individual plays or wait for a whistle. Instead, it flows more similar to a soccer team advancing the ball downfield with the only difference being a player with the frisbee can only advance it by passing. For the last two years, Jamison has spent her summers playing for Boomslang, a club frisbee team located out of Albany. There are four main leagues for ultimate in and around Jamison’s hometown of Schenectady – competitive, open competitive, social and women’s. Boomslang reaches beyond local competition, hosting tryouts for prospective players and competing against teams from beyond central New York. At the end of their season, club teams play in both sectional and regional qualifiers leading up to the national tournament, which Jamieson has yet to make with Boomslang. Beyond the results, the increased activity with the sport has brought her closer to her mother. It’s their main topic of conversation when they’re around each other, and Shultz goes to most of Jamison’s games. Jamison’s co-captain, Megan Kirby, said that Shultz is often her daughter’s biggest critic and always pushes her to play better.“I’m so lucky,” Jamison said. “I don’t have many friends in the ultimate community who can go out and throw with their mom or play with their mom, so it’s fantastic.”  The same passion that has kept Shultz around the sport for more than 20 years has carried over to Jamison. She hopes to pass on her knowledge to the next generation of ultimate players as was once done for her. “Because ultimate is a relatively new sport and most people don’t know much about it,” Jamison said, “I want to foster the community, especially in high schools and getting women involved at younger ages.”  CORRECTION: In a previous version of this article, Elizabeth Jamison was misnamed. The Daily Orange regrets this error.  Facebook Twitter Google+ Published on October 5, 2018 at 1:00 pm Contact Arabdho: [email protected] | @aromajumder center_img Commentslast_img read more

January 3, 2020 | |Post a Comment

first_imgCheck out this stunning strike from Kaizer Chiefs midfielder Siphiwe Tshabalala at the weekend. Take a bow, son!last_img

December 18, 2019 | |Post a Comment

first_img5 November 2009“South Africa is capable of hosting this World Cup; people must not underestimate us,” Bafana Bafana and Kaizer Chiefs football great Doctor Khumalo told Fifa.com after a recent visit to Argentina and Uruguay.“This is the reason why I am a 2010 ambassador,” Khumalo said. “I want to spread the message of the work that we are doing to the world.”Khumalo was in South America as a 2010 Fifa World Cup™ ambassador to update journalists, business leaders and politicians on South Africa’s preparations for the tournament.A man who has forever secured his place in South Africa’s history books for scoring the winning goal in his country’s first fully-fledged, completely representative international football match – against Cameroon in Durban in 1992 – Khumalo is also no stranger to Argentina. In 1995 he played for Buenos Aires football club Ferrocarril Oeste.On his return to the South American country this year, it was obvious to Khumalo that South Africa’s hosting of the World Cup has had a profound effect on how people now view the country.“There has been a major change in how people in Argentina see South Africa since I was there in 1995,” he said. “Before, they saw the country as a place of bush and animals with only rural areas, but now with South Africa hosting the World Cup, they see it as a first-class country capable of hosting major events.“When I showed them pictures of the stadiums, you could see they were amazed, and I could tell they now knew that South Africa will host a great World Cup.”Khumalo said he was surprised at the reaction to some of the preparations for 2010 – including the plans by the host cities to provide park-and-ride facilities to the stadiums.“People were not aware of what a park-and-ride is when I presented it to them. They do not have this in their country. I went to a match while I was in Argentina, and people were walking three or four kilometres to the stadium for the game.”Khumalo jokes that his presence in Argentina helped get the South American giants to next year’s World Cup.“When I first arrived they had not yet qualified. I joked with the journalists there that they were struggling to get into 2010, but now they had an African intervention of hope – me as a lucky charm – and that they would qualify. A few days later, they did.”Khumalo was lucky enough to attend the game between Peru and Argentina which Argentina clinched 2-1, giving them their lifeline in their World Cup campaign.Now that Argentina have secured their place in South Africa next year, Khumalo is certain that interest is peaking in the country.“Our embassy in Argentina is probably being bombarded with calls for more information since their qualification. I think many will come to watch their team and enjoy South Africa.“It was a very successful trip, and people were impressed with what I had to tell them about South Africa and how we plan to host the World Cup next year,” Khumalo said. “Now they know that South Africa … is ready to entertain the world.”Source: 2010 Fifa World Cup South Africa Organising Committeelast_img read more

December 18, 2019 | |Post a Comment

first_imgSport can do the body and mind a world of good and its potential to bring about change in a person or community should not be overlooked. (image: Hoops 4 Hope)Playing sport has benefits that go far beyond the realm of physical well-being. From providing a platform where people can build their social skills to offering an outlet for frustrations and self-expression, sport can help participants to understand the world and the people in it.Sport can do the body and mind a world of good and its potential to bring about change in a person or community should not be overlooked.Hoops 4 Hope taps into this potential. The NPO uses basketball in particular to help youth overcome social and personal issues through its programmes, which run in South Africa and Zimbabwe.Along with its sister programme, Soccer 4 Hope, Hoops 4 Hope reaches an average of 10 000 children each year throughout the two countries. The organisations use soccer and basketball, respectively, to give these children the life skills necessary to beat the odds in communities plagued by poverty and other potential pitfalls.Run from two main offices in Harare and Cape Town, Hoops 4 Hope offers its programmes after school and during school holidays. It gives youth a constructive way to spend their free time, so helping them to avoid being lured by drugs, alcohol or gangsterism. These social ills plague the townships and villages from which many of the children come.Hoops 4 Hope was founded by the acting executive director, Mark Crandall, in 1995. “We’re using the power of sport to develop leaders, to prevent HIV infection, to achieve gender equality, and to help kids make the right decisions before they get into trouble,” Crandall explained.“We provide 10 000 kids a year at our centres in Harare and Cape Town with great role models, a number of whom have come through our programme [themselves]. The new director of our South Africa programme, Gcina Mondi, came up through our programme. He’s been with Grassroots Soccer, an American NGO in Africa, for the past five years.”PARTNERS FOR CHANGEGifted players are able to take part in annual tournaments held to identify promising talent throughout the continent.Through its partnership with Basketball Without Boarders (BWB), Hoops 4 Hope has grown and spread its influence to the most rural areas in the two countries. It has created a channel for some of the youth looking to pursue basketball as option for their future.Since 2006, its links to BWB and the National Basketball League (NBA) in the US have offered an avenue into the professional world of basketball. Gifted players are able to take part in annual tournaments held to identify promising talent throughout the continent.BWB is the NBA’s global basketball development scouting and outreach programme. It partners with entities such as Hoops 4 Hope to create positive change among global youth with the help of current and former NBA and WNBA stars acting as coaches and mentors.Though the partnership with BWB has been beneficial to the organisation in many ways, Crandall said that developing players for the NBA and other professional basketball leagues was never the objective; this was instead a possible positive outcome of the partnership. “The goal,” Crandall said, “is not to create the best athletes, but the best people.”GOING FORWARDRunning a programme that caters to more than 10 000 children in two countries poses its fair share of challenges, be these financial, logistical or just outright exhausting.The NPO, along with Soccer 4 Hope, is always in need of support and welcomes it in any form, be it donations of shoes, equipment, money or time to help in their operations.Anybody looking to support Hoops 4 Hope and Soccer 4 Hope should visit their website for information on how they can play their part in ensuring the sustainability of the programme and the ongoing support of thousands of children in South Africa and Zimbabwe.last_img read more

December 18, 2019 | |Post a Comment

first_imgAbundant resources, an advanced industrial sector, robust financial systems, a progressive legal framework – and the gateway to other African markets.The country remains rich with promise. (Image: Brand South Africa)Brand South African reporterWhile much of the world staggered in the wake of the global financial meltdown towards the end of the first decade of the new millennium, South Africa managed to stay on its feet – largely as a result of its prudent fiscal and monetary policies.The country is politically stable and has a well capitalised banking system, abundant natural resources, well developed regulatory systems as well as research and development capabilities, and an established manufacturing base.Ranked by the World Bank as an “upper middle-income country’, South Africa is the largest economy in Africa. In 2014, the World Bank listed its GDP at $350.1-billion (R5.416-trillion) and its population at 54 million. Per capita GDP is $6 483, according to the World Economic Forum.The country remains rich with promise. It was admitted to the BRIC group of countries of Brazil, Russia, India and China (now known as BRICS) in 2011.With a world-class and progressive legal framework, South African legislation governing commerce, labour and maritime issues is particularly strong, and laws on competition policy, copyright, patents, trademarks and disputes conform to international norms and standards. The country’s modern infrastructure supports the efficient distribution of goods throughout the southern African region.The economy has a marked duality, with a sophisticated financial and industrial economy having grown alongside an underdeveloped informal economy. It is this “second economy’ which presents both potential and a developmental challenge.Positive outlookIn its 2015-2016 Global Competitiveness Report, the World Economic Forum ranked South Africa 49th in its Global Competitiveness Index out of 140 economies, up from 56th in the previous reporting period. It ranked the country first for strength of auditing and reporting standards as well as financing through local equity market. South Africa was also ranked 12th for financial market development; it ranked 29th for market size, 33rd for business sophistication and 38th for innovation, out of 140.In its 2014-15 Global Competitiveness Report, the World Economic Forum ranked South Africa second in the world for the accountability of its private institutions, and third for its financial market development, “indicating high confidence in South Africa’s financial markets at a time when trust is returning only slowly in many other parts of the world’. The country’s securities exchange, the JSE, is ranked among the top 20 in the world in terms of size.Diversity and growthSouth Africa’s success in reforming its economic policies is probably best reflected by its GDP figures, which reflected an unprecedented 62 quarters of uninterrupted economic growth between 1993 and 2007, when GDP rose by 5.1%. With South Africa’s increased integration into the global market, there was no escaping the impact of the 2008-09 global economic crisis, however, and GDP contracted to 3.1%.The World Bank reports that while the economy continues to grow – driven largely by domestic consumption – growth is at a slower rate than previously forecast. Real GDP growth is estimated at 2.0% for 2015 and the same for 2016 “due to a combination of domestic constrains and external headwinds arising from the fall in commodity prices and slowdown of the Chinese economy”.But the bank predicts a slight recovery in 2017 with real GDP growth estimated at 2.4% as new electricity supply comes on line.According to figures from the National Treasury, total government aggregate spending will reach R1.56- trillion in 2017/18. This represents more than a doubling in expenditure since 2002/3 in real terms.To ensure that there is a similar improvement in service-delivery outcomes, the government is putting in measures to strengthen the efficiency of public spending and to root out corruption.It is allocating resources to South Africa’s core social and economic priorities while containing aggregate expenditure growth. Spending plans give effect to the priorities of the National Development Plan and the medium-term strategic framework. Spending on infrastructure investment and core social programmes has been protected.Under its inflation-targeting policy, implemented by the South African Reserve Bank, prices have been fairly steady. In November 2015, the annual consumer inflation rate was 4.8%, rising from October’s 4.7%. However, this was down from an annual average in 2014 of 6.1%. Stable and low inflation protects living standards, especially of working families and low- income households.South Africa has a diverse economy, with key sectors roughly contributing to GDP* as follows:Agriculture: 2.2%Mining: 10%Manufacturing: 13.3%Electricity and water: 2.6%Construction: 3.9%Wholesale, retail and motor trade, catering and accommodation: 14.6%Transport, storage and communication: 9%Finance, real estate and business services: 20.7%Government services: 17.6%Personal services: 5.9%* Note: Percentages based on third quarter 2015 GDP data from Statistics SA. The country’s outlook is affected both by national concerns, such as unrest in and pressure on the mining industry, as well as international sluggishness, with Europe as one of South Africa’s chief export destinations.However, trade and industrial policies encourage local firms to explore new areas of growth based on improved competitiveness. China, India and Brazil offer significant opportunities. Infrastructure, mining, finance and retail developments across Africa are helping to fuel a growth trajectory in which South Africa can participate.ChallengesSouth Africa’s economy grew by a marginal 0.7% in the third quarter of 2015, according to preliminary estimates of real gross domestic product (GDP) released by Statistics SA in November of the year, following a 1,3% contraction in the second quarter.Three of the 10 main industry groups shrunk in size: agriculture, mining, and electricity, gas and water supply. Manufacturing has posted an uptick in growth. Agriculture, mining and manufacturing, traditionally labour intensive sectors that employ unskilled workers now account for 19% of total employment, down from about 30% in 2000; the services sector now accounts for 72% of total employment.As the National Treasury is at pains to point out, development is not just the pursuit of growth – it is also about creating a more equitable future. The South African government is determined to address its key challenges through the economic integration of its previously disadvantaged majority.Unemployment, at a rate of 25% (compared to an average of 11% for upper middle income countries, according to the World Bank), remains the most challenging of South Africa’s hurdles: it is at the top of government priorities and at the heart of its economic policies.The New Growth Path, launched in November 2010, builds on plans to restructure the economy to ensure more inclusive and sustainable growth – and sets a target of creating five million new jobs by 2020. The road map to do this is provided by the Industrial Policy Action Plan, which proposes multisectoral interventions across agriculture, mining, manufacturing, tourism and other high-level services to create substantial employment.South Africa’s dream of growing an inclusive economy by drawing on the energies of its people is given voice through the National Development Plan 2030, launched in August 2012.The plan outlines two main strategic goals: to double GDP by 2030 and eliminate poverty, and to reduce inequality, as measured by the income Gini coefficient, from 0.70 to 0.60 by 2030 through expanding economic opportunity for all by:Investing in and improving infrastructure, as well as supporting industries such as mining and agriculture;Diversifying exports;Strengthening links to faster-growing economies;Enacting reforms to lower the cost of doing business;Reducing constraints to growth in various sectors;Moving to more efficient and climate-friendly production systems; andEncouraging entrepreneurship and innovation.View the National Development PlanRead more: “Jobs at heart of SA’s development plan’ and “South Africa’s plan for a better future’Since 1994, South Africa’s working-age population aged 15 to 64, has grown by 11 million, according to the World Bank. The age group comprises 65% of the country’s total population of 54.9 million in 2015. More than half of the working-age population is under the age of 25, and the sector is expected to grow by another nine million in the next 50 years.This is a “window of demographic opportunity” the bank says in its report, South Africa Economic Update: Focus on Jobs and South Africa’s Changing Demographics. The country could double its per capita income and eliminate extreme poverty by 2030 by generating jobs for its high and growing number of young workers.Green economyOne of the most important elements of the New Growth Path is a green economy, and the potential the creation of a lower-carbon economy has as a job generator as well as a spur for industrial development.President Jacob Zuma has committed South Africa to slowing its growth in greenhouse gas emissions by 34% by 2020, and by 42% by 2025.In 2009, South Africa created its world leading Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), which put in place a target of 10 000 gigawatt hours of renewable energy.It is targeting onshore wind, concentrated solar thermal, solar photovoltaic, biomass solid, biogas, landfill gas and small hydro power plants.By May 2012, the government had approved 19 wind, solar and hydropower proposals worth R73-million to help boost clean energy.By April 2015, the Department of Energy had approved 79 REIPPPP projects with 5 243MW being added to a national grid desperately in need of power, at a capital cost of R168-billion. The project winners had to supply all their own capital. About 40% of the spend is local content and thousands of jobs have been created.Since 2011, the department had procured the renewable electricity in bid windows 1 to 4 of the REIPPPP and connected 37 projects, with a capacity of 1 827MW, to the national grid. On average, 15% of this energy was delivered to the power system during system peak periods, alleviating pressure on the power system.The energy contribution should grow to approximately 7 000 gigawatt hours a year with the first 47 renewable energy independent power producers fully operational and producing at full capacity by mid-2016.In 2011, the government entered into the Green Economic Accord, which aims to create 300 000 jobs in the next 10 years through investment in the green economy. In 2012, the Treasury allocated R800-million over two years to the Green Fund, which aims to provide finance for high-quality, high-impact, job-creating green economy projects around the country.Download the Green Economy Accord [PDF]InfrastructureOver the past decade, substantial increases in government social service spending have helped reduce poverty, but now the government has begun to place a greater emphasis on infrastructure, employment and economic growth.South Africa will spend R813-billion on infrastructure over the next three years, and in the 2015/16 financial year, its capital expenditure programme will come to R274- billion.In a massive public-sector investment, in the previous three-year budget cycle it spent R642-billion on infrastructure development – and it plans to spend more than R827-billion over the next three years to improve access to export markets and reduce costs in the economy.In the 2015 budget, South Africa included an update on its infrastructure plan, saying infrastructure spending has been quite high for some time. Between 2009 and 2014, the country spent just over a R1-trillion on infrastructure.In this fiscal year, most infrastructure spending will be on transport and logistics at R339-billion, followed by energy at R166-billion, and water and sanitation at R117- billion, over the next three years. At national government level, infrastructure spend will come to R451-billion over the medium term framework.Most of the infrastructure projects undertaken by national government (83%) are co-ordinated by the Presidential Infrastructure Co-ordinating Commission.InvestorsThe overall investment environment remains encouraging. A G20 country, South Africa is considered a low-risk investment destination for investors looking for a foothold into Africa. As the continent’s largest African investor, South Africa sends more than 25% of its manufactured products into the continent.Through investment incentives and industrial financing interventions, the government actively seeks to encourage commercial activity and attract foreign capital.Global foreign direct investment slowed by 16% to $1.23-trillion in 2014, according to the 2015 World Investment Report by the United Nations Conference on Trade and Development, released in June 2015. In line with this, the report said foreign direct investment flows into South Africa dropped by 31.2% to $5.8-billion in 2014, down from $8.3-billion in 2013.This was off earnings of about R42-billion in foreign direct investment in 2011, which was more than four times the amount in 2010.Principal international trading partners of South Africa (besides other African countries) include: China, the United States, Germany, Japan, and the United Kingdom.Chief exports are metals and minerals. Machinery and transportation equipment make up more than one-third of the value of the country’s imports. Other imports include automobiles, chemicals, manufactured goods, and petroleum.RatingsSouth Africa is the second highest-ranked African country, after Mauritius, and third-placed among the BRICS economies in the World Economic Forum’s 2015-2016 Global Competitiveness Index, ranking 49th out of 140 countries surveyed while placing first for strength of auditing and reporting standards as well as financing through local equity market, and 12th for financial market development.South Africa is ranked 73rd out of 189 countries for ease of doing business according to Doing Business 2015, a joint publication of the World Bank and the International Finance Corporation.In December 2015, Fitch Ratings downgraded South Africa’s long-term foreign and local currency Issuer Default Rating to “BBB-” from “BBB” and to “BBB” from “BBB+”, respectively, and said the outlooks were stable. The issue ratings on South Africa’s senior unsecured foreign and local currency bonds were also downgraded to “BBB-” from “BBB” and “BBB” from “BBB+”, respectively. It said key drivers for the rating decision included further weakening of GDP growth performance and estimates of growth potential. There had also been additional delays to the availability of new electricity generation capacity. However, Fitch also said electricity constraints had eased somewhat, that the banking system was strong and that the structure of government debt was highly favourable.Also in December 2015, Standard & Poor’s credit ratings agency revised the outlook on the South Africa to negative from stable, although it affirmed the long- and short-term foreign currency sovereign credit ratings on South Africa at “BBB-/A-3”; it also affirmed the “BBB+/A-2” long- and short-term local currency ratings. The agency said the negative outlook reflected its view that GDP growth might be lower than it expected, for instance, as a result of persistent electricity shortages, continued weak business confidence, or labour disputes escalating again. In June, S&P acknowledged that South Africa had several strengths, including broad political and institutional stability, policy continuity, and fiscal prudence, which would help to contain the country’s fiscal and external balances and deep financial markets.“While S&P noted that growth in 2015 would be limited as a result of electricity supply shortages, the agency said it expected growth to increase over 2016 to 2018 as electricity supply, domestic consumption and net exports improved. [The] government has committed to redouble the efforts to deal with the challenges identified by S&P,” the Treasury said in response.Updated December 2015Sources:National TreasuryDepartment of Trade and Industry Oxford Business GroupStatistics South AfricaInternational Monetary FundWorld BankWould you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

December 15, 2019 | |Post a Comment

first_imgBrad is the editor overseeing contributed content at ReadWrite.com. He previously worked as an editor at PayPal and Crunchbase. You can reach him at brad at readwrite.com. What it Takes to Build a Highly Secure FinTech … Brad AndersonEditor In Chief at ReadWrite It’s been no secret that the music industry has been struggling over the past couple decades. After years of spiraling album sales, the industry hit a new low in 2016, with just over 100 million units sold — a nearly 14 percent decrease from the previous year, reflecting declines in both physical and digital album sales.That’s not the whole story, of course. The music industry’s sluggish sales gave way to music streaming, which overtook physical music in terms of revenue last year. With streaming music’s revenues skyrocketing to $6.6 billion — representing growth of 41 percent — the music industry has championed streaming as its new golden goose.This is a good change — the music industry lost billions by fighting the shift to streaming. By focusing on CDs and digital downloads, never mind the fact that CDs saw an 84 percent decline in sales over a decade, the industry found itself “fighting over pennies while waving goodbye to dollars,” as The New York Times pointed out.Musicians Take the HitThis sea change of embracing the technology the music industry once feared hasn’t necessarily paid off for musicians, however. Music manager Troy Carter told TechCrunch that labels are hoarding the royalties earned through streaming, keeping more than 70 percent of the fees. The contracts musicians sign with labels are intended to drive revenue for the record labels, not the artists themselves. The common refrain is that for every 20 artists signed to a label, only one is successful — with that math, it makes sense that labels hedge their bets to fund all 20.Carter believes, however, that streaming payouts could approach CDs’ revenue heyday as more users sign up. Platforms like Repost are making the same bet. The platform, designed to help musicians make a living through their online audiences, works with artists and their teams to monetize their music distribution and promote their work.Despite the democratization of many platforms and technologies, it’s been incredibly difficult for musicians to monetize their content, and fragmentation is a big part of the problem. “The music industry is way more complicated than it needs to be,” says Repost’s CTO Joey Mason. “Despite all of the advancement in tech, the structures in place on the revenue collection side are incredibly inefficient. To make matters worse, the copyright rules and regulations differ for each territory, so often, it’s not cost-effective to try to collect revenues in certain territories.”Mason says that for artists, this problem is compounded by the fact that there’s no seamless way to collect all of their earnings. They’d have to work with multiple entities — performing rights organizations, publishers, labels, distributors — to collect every cent they’ve entitled to. This forces artists to spend more time developing business skills than creating new music.Consolidating an Entire IndustryWhen Mason and his co-founder, CEO Jeff Ponchick, built Repost, they aimed to eliminate as many of the distractions for artists as they could. They recognized that most of the artists they spoke to struggled primarily in terms of exposure — they hit a wall as independent musicians and needed help getting to the next step. These independent musicians then faced a laundry list of tasks: optimize music on every platform; earn press write-ups; find promotional outlets; collect checks from SoundCloud, YouTube, etc.Seeing how confusing and draining this was for artists, Repost built itself as a one-stop shop for doing everything. By eliminating multiple distribution and payment touchpoints, the platform also removed the burden of dealing with a variety of infrastructures, accounting practices, and more.“A lot of people don’t know the difference between a music distributor and a record label,” Ponchick says. “For a distributor, we’d be seen as insanely expensive, taking 30 percent of artists’ money while others take 5 percent. But we offer label services and marketing the way a record label does, without taking any ownership of the music itself. It’s a way to make it OK to remain independent, for musicians to avoid signing with a label. They can make $20,000 to $30,000 per month and retain ownership.”Chance the Rapper is one well-known indie artist who’s avoided the dreaded “sellout” label and made a successful go of it. While his success is considered a “fairytale” within the industry, Repost’s team aims to make independent success attainable. It started its quest with an algorithm. Artists apply to join Repost’s platform with their SoundCloud IDs; the platform’s algorithm combs the artist’s channel, assessing her average play count per upload, follower count, and biggest and smallest track to determine her likelihood of making money through the platform.This data-driven approach has resulted in 100,000 rejected applications and 5,000 acceptances. But it enables Repost to put its focus and efforts behind the artists who are best positioned to benefit from its hands-on bevy of services, ensuring it doesn’t spread itself too thin or do what many in the music industry have done: sold a bill of goods to artists.Making Tech Music’s Best FriendRepost has recognized one thing many — other than artists — have failed to see: It’s inherently difficult to manage the varied tech infrastructures presented by SoundCloud, Spotify, YouTube, and others. And that remains true whether an artist is independent or well-established, selling out arenas.“Every music platform is unique in how its content is delivered, monetized, and consumed. In order to maximize revenue, artists need to have a solid understanding of best practices and a monetization strategy for each store,” Mason says. “They need to work with a distributor that provides them a high level of insight and control of their content on a per-platform basis.”Unfortunately, Mason says, most distributors take the one-size-fits-all approach, meaning artists’ revenue generation can’t be maximized. Repost has sidestepped that issue by building deep technical integrations with the platforms artists value most, with an emphasis on marketing, monetization, and content protection. And it’s worked: Repost’s client base has been driven through word of mouth, and it’s currently paying tens of millions of dollars to artists annually.For example, Repost does fingerprinting through YouTube to drive revenue back to artists. Repost aggregates, packages, and delivers sound recording rights information to YouTube at scale for thousands of artists; using this data, YouTube utilizes audio fingerprinting to find videos on its platform that match the provided sound recording. When a match has been found, the YouTube video is “claimed” on behalf of the artist. Any advertisement or subscription revenues generated by the video are then sent back to the artist through Repost.Technology is making what was once impossible possible for the music industry, and it’s democratizing music creation. “Music production is cheaper and more accessible than ever before — anyone with a laptop and Ableton can produce a hit track,” Mason explains. “Because of this, a ‘middle class’ of musicians has emerged, and more and more money is shifting into the mid- and long tail. Record labels aren’t equipped to handle this scale. They’re not tech companies, and their business models are built around breaking a smaller roster of artists and, ultimately, taking ownership of their clients’ music.”Repost sees itself as a tech company in music, not a music company in tech. Because its business model is built around working with thousands, not hundreds, of artists, it’s invested heavily in automation. That’s enabled it to operate on a revenue-share model, not an ownership model. “This is better for creators, which is why so many artists are choosing to go independent rather than work with labels,” Mason says.While the music industry has been struggling for years, technology is on track to put an end to that. With companies like Repost applying automation and technology to the many hoops the industry has erected over the years, they’re putting music on a path to become as streamlined as businesses in other industries. And that’s exactly what music needs. Tags:#automation#fragmentation#music#music industry#tech Follow the Puck Related Posts Why IoT Apps are Eating Device Interfaces Trends Driving the Loyalty Marketing Industrylast_img read more

November 28, 2019 | |Post a Comment

first_imgPhoto by Tristan Tamayo/INQUIRER.netLyceum asserted its dominance in the NCAA Season 93 men’s basketball tournament with a 97-74 decimation of Mapua to complete the first round sweep Friday at Filoil Flying V Centre in San Juan.CJ Perez anchored the Pirates with 18 points, seven rebounds, three assists, and two steals in their ninth straight win to remain unbeaten after the first round.ADVERTISEMENT Celebrity chef Gary Rhodes dies at 59 with wife by his side Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Robredo should’ve resigned as drug czar after lack of trust issue – Panelo LATEST STORIES Schooling slams critics after SEA Games golden double Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Biggest Pogo service provider padlocked for tax evasion NATO’s aging eye in the sky to get a last overhaul That early pullaway allowed Lyceum to distribute minutes among its third stringers, with Jeffrey Santos and Spencer Pretta pouring nine points each in the victory.“We’ll take this win,” said Robinson after the Pirates finally played the Cardinals in a game which has been postponed twice due to inclement weather.“It’s nice to come off a long break with a win. We made the most of the time that has been given to us. It’s a time for us to work on some things, time for the players to reflect on the first few games that we played. We know we still have a lot of room for improvement if we want to be one of the elite teams in the NCAA.”Christian Buñag topped Mapua (1-7) with 17 points and 14 rebounds, while JB Raflores had 16 markers and eight boards in the defeat.To add to the Cardinals’ woes Kim Magboo hurt his knee late in the first quarter leaving Atoy Co with only eight players at his disposal in the tiff against the top seed.ADVERTISEMENT For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity.center_img Sports Related Videospowered by AdSparcRead Next Wilson Baltazar also notched 12 markers built on two triples.Coach Topex Robinson said that as gratifying as the 9-0 run was, the battle is only halfway done as it braces for the tougher duels in the second round.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games opening“As much as it’s ok, we still have nine more games to play and we have lots of things that we should work on, especially on our turnovers because it is still a problem for us,” he said.With Perez leading the charge, the Pirates jumped to a commanding 22-8 lead after the first quarter and never looked back, extending the lead to its biggest at 32, 78-46, with 1:49 left in the third period. Trump signs bills in support of Hong Kong protesters The Scores:LYCEUM 97 – Perez 18, Baltazar 12, Santos 9, Pretta 9, Tansingco 8, Jv. Marcelino 8, Nzeusseu 6, Jc. Marcelino 6, Ayaay 5, Marata 4, Liwag 4, Ibañez 3, Caduyac 2, Sinco 2, Serrano 1.MAPUA 74 – Buñag 17, Raflores 16, Nieles 13, Gabo 10, Aguirre 8, Victoria 4, Orquina 4, Magboo 2, Jimenez 0.Quarters: 22-8, 52-34, 80-51, 97-74. Don’t miss out on the latest news and information. MOST READ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Lacson: SEA Games fund put in foundation like ‘Napoles case’ View commentslast_img read more

November 18, 2019 | |Post a Comment

first_imgWhile Harry Kane didn’t contribute to the glut of hat tricks in European qualifying for the World Cup, the England striker grabbed a crucial equalizer in a chaotic finale against Scotland on Saturday.A dramatic final six minutes in Group F at Hampden Park saw Scotland come from 1-0 down to take the lead through two Leigh Griffiths free kicks. Kane, captain of England for the first time, volleyed home deep into stoppage time to make it 2-2.Things were simpler for Germany and Poland, who were aided by hat tricks as the pair continued to dominate their groups.Despite fielding a weakened team against minnow San Marino, Germany stayed perfect in Group C with a 7-0 win. Sandro Wagner scored a hat trick on just his second appearance for Joachim Loew’s side.Poland stayed unbeaten as Robert Lewandowski’s hat trick took him level with Cristiano Ronaldo at the top of the scoring charts. Lewandowski scored two penalties during a 3-1 win over Romania.But that wasn’t Group E’s only treble. Stevan Jovetic scored Montenegro’s first ever hat trick in a 4-1 victory over Armenia.Kane, who has led the Premier League’s scoring charts for the last two seasons, had mixed emotions at fulltime.“It (the goal) is definitely up at the top, it was a special day,” he said. “It looked like we were going to win the game and then like we were going to lose when 2-1 down in stoppage time.To get the goal was special. I did not know whether the keeper was going to come, so when I saw him stay on his line … what a ball it was, and it was just a good side-foot into the net.”GROUP CIt was only ever a question of how many goals Germany would score against San Marino at Grundig Stadium in Nuremberg.Julian Draxler, one of the few regulars in a weakened Germany squad, opened the scoring before Wagner claimed his first international goal five minutes later, and he didn’t have to wait long before claiming his second, after fans indulged in Mexican waves.Midfielder Amin Younes claimed his first goal for Germany before the break, and there were more cheers after it when Shkodran Mustafi scored two minutes into the second half.Fans needed a bit of patience before the sixth arrived courtesy of Julian Brandt, whose first international goal came in the 72nd, and Wagner completed the rout with five minutes remaining.Norway and the Czech Republic played out a 1-1 draw in Oslo as Theodor Gebre Selassie scored from close range 10 minutes before the break, but Norway’s Alexander Soderlund equalized from the penalty spot.Northern Ireland took advantage of the result as Stuart Dallas scored an injury-time goal to consolidate second place in the group, five points behind Germany, but four clear of the third-placed Czech Republic.GROUP EPoland stayed six points clear as Lewandowski got on the scoresheet for an 11th consecutive qualifying match. He emphatically headed home in the 57th before sealing his hat trick with another penalty five minutes later.Romania scored the goal of the night in the 77th through Bogdan Stancu’s stunning strike but its qualifying hopes look bleak after losing ground to second and third-placed Montenegro and Denmark.Montenegro started fast as Fatos Beciraj gave it the lead after just two minutes, before Jovetic took matters into his own hands. The captain doubled his side’s lead with a low strike in the 28th, and scored Montenegro’s 100th international goal to make it 3-0.He saved the best until last, converting with a stunning scissor kick in the 82nd. Ruslan Koryan bagged a late consolation for Armenia.Denmark kept pace with Montengro in the race for second place as it beat 10-man Kazakhstan 3-1 in Almaty.Nicolai Jorgensen opened the scoring in the 27th and Christian Eriksen added penalty before Islambek Kuat pulled one back for the home side. But substitute Kasper Dolberg sealed the win in the 81st.GROUP FEngland’s position at the top of Group F was weakened as Slovakia and Slovenia both won, but it left Hampden Park relieved to have kept its eight-year unbeaten run in tournament qualifying matches intact.Alex Oxlade-Chamberlain came off the bench to give England the lead before Griffiths’s free kicks looked to have snatched victory for Scotland.But Kane popped up deep into stoppage time to preserve a two point cushion for England in the standings.Its nearest challenger is Slovakia, which secured a crucial 2-1 victory in Lithuania.Marek Hamsik set up Vladimir Weiss for the opener and added a stunning free kick of his own after the break.Slovenia is just one point further back in third place after a comfortable 2-0 win against Malta.Josip Ilicic gave his side the lead with a fine curling effort from an acute angle before setting up Milivoje Novakovic to seal the victory.SAM JOHNSTON, Associated PressTweetPinShare0 Shareslast_img read more

October 28, 2019 | |Post a Comment

first_imgAbout the authorPaul VegasShare the loveHave your say Southampton boss Hasenhuttl still to meet all playersby Paul Vegas10 months agoSend to a friendShare the loveSouthampton boss Ralph Hasenhuttl admits he’s yet to meet the entirety of his squad.Hasenhuttl has met half of his squad for individual meetings and will engage with the rest next week.”I wanted to know everything about each player, about his history, what he is thinking about the way we want to play,” he said. “We showed in his position specific videos, what it is necessary for him to know.”The discussion I had with all the players was very interesting for me. You know how this guy works. What he is thinking about. You know what his problems are.”And in the future, if there are some questions, I want them to come to me. If they have good arguments that we do something different, they can come to me. We can do it differently.”But if I have a better idea, we do what I want. If they have a better one, we can discuss it!” last_img read more