Embed from Getty ImagesFulham have reshuffled their defence as part of four chaanges from the side that lost at Aston Villa.Tomas Kalas has recovered from a hamstring injury and replaces Michael Madl, while Ryan Fredericks makes his first start of the season at right-back.There’s also a change at left-back, where Scott Malone returns at the expense of Ryan Sessegnon.Tom Cairney is also back in the line-up, with Scott Parker dropping to the bench.Huddersfield show three changes with midfielder Jonathan Hogg suspended.Manchester City loanee Aaron Mooy replaces him, with Harry Bunn in for Rajiv van la Parra and Mark Hudson displacing Michael Hefele at centre-back.Chelsea youngster Kasey Palmer is also included in the Huddersfield side.Fulham: Button; Fredericks, Sigurdsson, Kalas, Malone; McDonald, Johansen; Cairney, Aluko, Piazon; Martin.Subs: Bettinelli, Odoi, Ream, Sessegnon, Parker, Ayite, Smith.Huddersfield: Ward; Smith, Hudson, Schindler, Lowe; Whitehead, Mooy; Kachunga, Palmer, Bunn; Wells.Subs: Murphy, Cranie, Holmes-Dennis, Hefele, Payne, Van La Parra, Paurevic. Ads by Revcontent Trending Articles Urologists: Men, Forget the Blue Pill! This “Destroys” ED x ‘Genius Pill’ Used By Rich Americans Now Available In Netherlands! x One Cup of This (Before Bed) Burns Belly Fat Like Crazy! x Men, You Don’t Need the Blue Pill if You Do This x What She Did to Lose Weight Stuns Doctors: Do This Daily Before Bed! x Drink This Before Bed, Watch Your Body Fat Melt Like Crazy x Follow West London Sport on TwitterFind us on Facebook
Mahajan presents us with what is going right in Africa and builds a strong case for the continent as an exciting destination for foreign investment – even in these turbulent times. Collier helps us understand the traps than are keeping millions of Africans mired in poverty and which are hampering from the continent achieving the potential Mahajan so correctly identifies. Mahajan argues that Africa, with more than 900 million consumers, is on the world fastest growing markets. He invites us to understand that Africa, taken as a whole, has a Gross National Income of around 980 billion, making it the tenth largest economy in the world ahead three of the four BRIC economies – Brazil, Russia and India. It’s ahead of India on a GNI per capita basis as well. In fact, six Africa countries boast a higher GNI per capita than China. “There will soon be a billion consumers on the continent of Africa,” Mahajan writes. “Every day, they need to eat, they need shelter. They want education for their children. They would like to have soaps to wash their clothes. They desire cell phones, metal roofs for their homes, televisions, music, computers, movies, bicycles, cosmetics, medicines, cars and loans to start businesses.” A lot of people think Africa’s wealth resides in oil and diamonds . If we’re talking about oil and diamonds as primary exports commodities, we’re talking about one the factors that Collier sees trapping much of Africa in poverty. But Mahajan sees the wealth of Africa is other kinds of oil and diamonds. He cites the case of Bidco in Kenya will has built a $160 million business selling cooking oil, detergent and other products to low income customers throughout East Africa. As for diamonds, he identifies the so-called Black Diamonds of South Africa, as the University of Cape Town’s Unilever Institute called them. They are members of South Africa’s rapidly emerging black class, which, unleashed by the end of apartheid, has been growing at a rate of around 30 per cent a year. They are not a uniquely South African phenomenon. Mahajan estimates that there are aound 400 million people in the middle segment of the overall African market. This help account for the fact that while the four largest African companies are still in the resources business, firms in other sectors are gaining an ever larger representation in the top 20. These include makers of consumer goods like SABMiller, telecoms companies like MTN, Orascom and Telkom SA, and banks like Standard, Absa and FirstRand. Mahajan isn’t the only one telling this story. On September 2, the Wall Street Journal ran an article headlined “Investors bet Africa stocks are new tigers”. It gave the example of the Ghana Stock Exchange All-Share Index which, at the point, had appreciated by 63 per cent over the preceding nine months while on Wall Street the S&P 500 was down 13 percent over the same period (and has since swooned even more dramatically). The Journal had a very telling quote for Charl Malan, the head of African research for Van Eck Global. African stocks, he said, were not a play on commodity prices any more. “If you think the commodities cycle is unsustainable, then why is Africa sustainable? Because this time, there’s a whole range of growth initiatives put into place by various African leaders.” What helped inspire the Wall Street Journal story was an article by David Nellor, a senior adviser in the International Monetary Fund’s Africa Department. Comparing their performance with the of the so-called Asian Tigers as they readied for take-off in 1980, Nellor concluded that “several African countries…are promising candidates to become part of a second generations of emerging market countries.” “The same crucial development,” Nellor continued, “are taking place in parts of sub-Saharan Africa today – growth is taking off, the private sector is the key driver of that growth and financial markets are opening up. The search for yield…has encouraged investors to expand their horizons.” In a separate study, published last month, the IMF looked at what it called the “Great Sub-Saharan Africa Growth Take-off”. If found that the fast growers were a diverse group, including resource rich and landlocked countries as well as resource poor countries that have not had large gains in their terms of trade. The IMF also found that while most African countries were going to having difficulty meeting the Millennium Development Goal by the 2015 target date, growth was benefiting the poor who were seeing real rises in their incomes. So there is a new and very hopeful story being told about Africa. Tragically, the old story, the story of conflict, atrocities and refugees, continues to be told as well. Right now the focus is on the eastern corner of the Democratic Republic of Congo. The Darfur situation in Sudan continues to be a grave concern as does Uganda’s unfinished war with the Lord’s Resistance Army. This is where Collier’s findings become interesting. As the name of his book indicates, his focus in the poorest one billion people on the planet. They are concentrated in Africa and Central Asia, and they are the least likely to touched by the growth story we’ve been looking at so far. The countries they live in are caught in one or more of a set of often interrelated traps which include civil war, a dependence on the extraction and export of natural resources and bad governance. Collier begins a sobering statistic: 73 per people in the bottom billion live in societies that have recently been recently been through a civil war or have recently been through one. He then goes on to demonstrate, empirically, the intimate relationship between poverty and conflict and how they feed each other. One of his key findings is that Africa is not uniquely conflict prone. Rather, it became more prone to conflict when as its economic performance deteriorated. In other words, causation has flowed from poverty to conflict not vice versa. The trouble is that once a civil war has erupted, it tends to have a highly destructive impact on the economy, thereby sowing the seeds for further conflict. The experience of having been through a civil war roughly doubles the risk of another conflict, Collier writes. And even if further conflict can be avoided, undoing the economic consequences can be very difficult. Collier believes that DRC will need 50 years of peace at its present growth rate to get back to 1960 income levels. Nonetheless, growth does directly help reduce the risk of civil by raising incomes and making it easier for countries to diversify their exports. Fragile states that rely on the export of one or two high value commodities are always at high risk of conflict resulting from competition to control the rents from those commodities. The lesson to be drawn is that anyone who is serious about seeing Africa meet the potential Mahajan describes in Africa Rising must, in addition to be serious about pro-growth economic policies, also be serious about conflict resolution and prevention. This is why South Africa has been more than happy to play it part in working with regional partners and the African Union for peace throughout the continent, from the DRC to the Great Lakes to Darfur to the Comoros to Cote D’Ivoire to our neighbor Zimbabwe. To achieve the African Renaissance we all dream of, we need to end cycles of violence and economic immiseration and prevent new ones from starting. We bring to the table our own experience in bringing peace and democracy to a land that was torn apart for generations by racial oppression. Among the most important of those lessons is for peace to be sustainable, all parties must feel they own it and no one should leave the table thinking that that they were forced to accept terms by powers outside the negotiating room. This takes a lot of patience, creativity and a capacity for empathy, but the election on April 28, 2004, and the adoption of our new constitution two years later, showed it can be done. We also know, from bitter ongoing experience, about how hard it is to escape the continuing echoes of conflict. There severest challenges we face today, from crime to skills shortages to HIV/AIDS, owe their origins to what apartheid and our struggle to end it did to the fabric of our society. Above all, we understand that if our so-called miracle is to last, it must be underpinned by economic policies that promote growth and equity, help generate the resources needed to roll the legacies of our history and enable us to play our part in the great Africa Rising story.
17 February 2010 While a number of jobs are expected to be created, Gordhan cautioned that employment would be created in line with the growth of the economy – a lot of jobs were created in South Africa in the period between 2004 and 2008, the same period the country experienced enormous growth with surpluses recorded in the Budget. Gordhan said most of the projects would not be directly financed from the fiscus. South Africa has budgeted about R52-billion over the next three years to fund public works projects across the country, with the aim of creating up to 1.2-million new job opportunities. The projection has been driven by a number of projects associated with the 2010 Fifa World Cup. The event is expected to contribute about 0.5% of GDP growth in 2010. To date, the government has spent about R33-billion on preparations for the tournament. Many of the projects will continue beyond 2010 and are not linked to the tournament but are investments meant to contribute to the growth of the economy. Over the next three years, the public sector aims to spend R846-billion on its infrastructure programme, with a significant portion of the work to be undertaken by state-owned entities. “Public sector investment is a crucial component of development as it provides the infrastructure through which we transport goods, power the economy and connect households and business to services and markets,” Gordhan said. These include the new multi-product pipeline between Durban and Johannesburg, the construction of the container terminal at Ngqura in the Coega Development Zone, and the construction of Medupi and Kusile power stations as part of Eskom’s expansion programme. Gordhan said this was an indication that the country’s employment was directly linked to economic growth. Source: BuaNews Employment ‘linked to growth’ Infrastructure expansion programme The government’s Expanded Public Works programme created 1.6-million short-term jobs during its first phase from 2004 to 2009, exceeding its target of one million jobs. A projected 642 000 job opportunities will be created in 2010/11, rising to 1.2-million in 2012/13. Tabling his Budget speech in Parliament, Cape Town on Wednesday, Finance Minister Pravin Gordhan said an additional R2.5-billion would be allocated to labour-intensive projects in the social, non-governmental and environmental sectors, mainly targeting people in the country’s rural areas.
26 February 2014Anthems of Democracy, a series of concerts featuring world-famous singer-songwriter Joan Armatrading and a powerful line-up of local musicians, will take place at the Joburg Theatre in April as part of South Africa’s 20 years of freedom celebrations.South African artists Bright Blue, Yvonne Chaka Chaka, Jennifer Ferguson, Sipho “Hotstix” Mabuse, Victor Masondo, Mzwakhe Mbuli, Themba Mkhize, Vicky Sampson and the Soweto Gospel Choir will join Armatrading onstage in Johannesburg on 24, 25 and 26 April, with details of a special Freedom Day performance on 27 April still to be announced.“During the period of 1980 to 1990, a group of South African musicians was very active in protesting against the then government of South Africa,” Joburg Theatre executive producer Bernard Jay said in a statement earlier this month.“Anthems of Democracy features many of these artists whose songs became songs of hope and encouragement through troubled times.“At such an emotionally important time as the 20th anniversary of democracy, Joburg Theatre honours these artists and pays tribute to them and all the other artists who fought for democracy in their country.”The accompanying story of the times will be narrated on stage by South African storyteller and author Gcina Mhlope.The concerts are being produced by Sipho “Hotstix” Mabuse and Roddy Quin, who produced the internationally acclaimed Nelson Mandela 46664 music events and has been the manager of South African icon Johnny Clegg for 23 years.In 1989, Quin staged the Human Rainbow Concert, which featured black and white South African artists on the same stage. The concert was banned by the apartheid government, resulting in a year-long court battle which finally saw the ruling overturned.That landmark decision meant mixed concerts were allowed in South Africa without having to apply for government approval, and during the early 1990s Quin worked with all the artists now on the Anthems of Democracy bill.Tickets for Anthems of Democracy range in price from R160 to R300 and are on sale through www.joburgtheatre.com or by calling 0861 670 670.Performances will be on Thursday 24 April and Friday 25 April at 7.30pm and on Saturday 26 April at 3pm and 7.30pm. Details of a special Freedom Day performance on Sunday 27 April will be announced later.Joburg Theatre and SAinfo reporter
Why IoT Apps are Eating Device Interfaces Tags:#advertising#Android#Google brian proffitt What it Takes to Build a Highly Secure FinTech … Related Posts Role of Mobile App Analytics In-App Engagement Microsoft isn’t the only one getting smacked around by Wall Street today—Google is getting the stink eye too after reporting their 2Q earnings and missing analysts’ marks, despite a 19% rise in revenue for the quarter.Google shares were down as much as 5% in after-hour trading following a report of second-quarter net income of $3.23 billion compared with $2.79 billion a year ago. The overall revenue figure came in at $14.1 billion.Analysts were looking for a net income figure of $3.6 billion and $14.4 billion in revenue for the quarter. And you know those analysts—even if you make some money, you miss their expectations, and boom, the hammer falls.The main reason for Google’s perceived weakness: less-than-spectacular mobile ad sales, a perennial tough nut to crack. For Google, it’s a bit of a double whammy: there are signs that its desktop search business is slowing down, too.Ads are regarded as a very soft form of revenue—subject to the whims of a fickle marketplace. And mobile ads are particularly hard because small screens and mobile use cases make them much less attractive to click. Mobile users, after all, are usually just that: mobile and in too much of a hurry to take time to click an ad.Google’s revision of its AdWords program may help: the enhanced campaigns that have been optional since February and will be mandatory on July 22, requires ad buyers to purchase ads for desktop and mobile platforms. This will ultimately raise the prices on ads for smartphones and tablets, because there will automatically be more demand for ads on those platforms.For all its innovations with Glass and self-driving cars, at the end of the day, Google is still an advertising company, and they will have to live and die by that soft market unless they can completely remake themselves someday. The Rise and Rise of Mobile Payment Technology