SA ranked 14th top investment prospect

first_img6 July 2012 South Africa has entered, at 14th position, a list of 21 countries ranked by international companies as top prospective investment destinations for 2012 to 2014, according to the 2012 World Investment Report by the UN Conference on Trade and Development (Unctad). Unctad’s World Investment Prospects Survey 2012-14, based on responses from executives of the biggest transnational corporations worldwide, forms part of the World Investment Report released in Geneva, Switzerland on Thursday. The survey indicates that developing economies will continue to enjoy strong foreign direct investment (FDI) inflows in the medium term as they become increasingly important to international companies worldwide.BRICS countries prominent Among the top five prospective investment destinations in the survey, the US (in 2nd place) stands out as the only developed economy. Of the other four, three – China (1st), India (3rd) and Brazil (5th) – are members of the BRICS grouping of influential emerging economies. Russia, also a BRICS member, is ranked joint 8th with Germany, while South Africa, which joined BRICS in 2011, is ranked 14th together with the Netherlands and Poland. The full list (with previous ranking in brackets) is: 1 China (1), 2 United States (2), 3 India (3), 4 Indonesia (6), 5 Brazil (4), 6 Australia (8), 6 United Kingdom (13), 8 Germany (8), 8 Russian Federation (5), 8 Thailand (12), 11 Vietnam (11), 12 Mexico (10), 13 Japan (-), 14 Netherlands (-), 14 Poland (6), 14 South Africa (-), 17 Republic of Korea (-), 17 Sweden (-), 19 France (19), 19 Italy (-), 19 Malaysia (-).Most promising sources of FDI When it came to the most promising sources of FDI over the medium term, the survey gauged the opinions of investment promotion agencies worldwide, who largely saw companies from developed countries as the most promising foreign investors. China, however, led the list of most promising investors, thanks largely to the rapid increase of its outward FDI in recent years. “Chinese transnational corporations have raised awareness of their home country as a source of investment through their active role in a number of industries and the wide spread of their FDI projects over a large number of host economies,” Unctad notes in its report. The US (2nd place), Germany (3rd) and the UK (4th) ranked as the most promising developed-economy investors, underscoring their continuing role in global FDI flows despite the fallout of the global financial and economic crisis. They were followed, in order, by France, Japan, India, Spain, Canada, the United Arab Emirates, and Brazil. SAinfo reporterlast_img read more

Read More »

Sanlam optimistic about African expansion

first_img13 January 2014 Angola, Mozambique, Zimbabwe and other countries in East Africa have been identified as possible expansion prospects in 2014, Heinie Werth, the chief executive of Sanlam Emerging Markets (SEM), said on Thursday last week. SEM, a division of South Africa’s second largest insurance company the Sanlam group, already has a presence in 12 emerging market countries on three continents and says it will seek to expand in those markets this year. “The biggest potential contributions to our business, purely due to scale, will be from India during 2014 and Nigeria over time,” Werth said in a statement, “but we are also very comfortable with the forecast contributions from the smaller economies that make up our Africa portfolio.” With regards to expansion prospects for SEM in 2014, he said there were many opportunities in emerging markets, including the addition of a life insurer in Malaysia and increasing the SEM footprint by investing in Angola, Mozambique, Zimbabwe and other countries in East Africa.Well positioned SEM, which contributes roughly 20% to the Sanlam group’s gross profit, has business interests in 10 African countries (predominantly in the Anglophone countries), Malaysia and India and is well positioned to comment on growth prospects in these emerging markets. One of the key factors supporting growth in Africa and South East Asia is that insurance penetration in both the short term and life categories is low. Africa’s insurance penetration is approximately 1.6% compared to India (3.4%) and a global average of around 7%. South Africa, meanwhile, boasts among the highest insurance penetrations anywhere in the world, at 14%. “Financial services businesses in these markets will therefore benefit from both the above-average economic growth potential and a catch-up in insurance penetration over time,” he said. “Add to this the desire of governments and international investors to develop the burgeoning middle class in Africa and India and you have a winning growth formula.”Growth drivers Mobile phone penetration and the return of international banking brands to Africa are also growth drivers specific to the continent. A recent report by GSMA reveals there are 253-million unique mobile phone subscribers in Sub-Saharan Africa. “This is great news for diversified financial services companies with investments in Africa,” Werth said. “Mobile phones make it easier for insurance businesses to communicate with their clients, while mobile banking solutions make it possible to collect premiums,” he said. “Our growth in Africa and other emerging markets will come from achieving a balance between our existing businesses and new opportunities. We have found that the secret for success in the emerging market arena is to be flexible and patient and to approach each country with due consideration for its unique culture and consumer needs.” SAinfo reporter and Sanlamlast_img read more

Read More »

Somebody Broke Wikipedia

first_imgTags:#crowdsourcing#user-generated content#web A Web Developer’s New Best Friend is the AI Wai… 8 Best WordPress Hosting Solutions on the Market An apparent data center outage has put Wikipedia, the crowd-sourced encyclopedia, under for about two hours now. Visiting the site gives a user an error message, “Meta has a problem. Sorry! This site is experiencing technical difficulties.”Steven Walling, a Wikipedia volunteer (and former ReadWriteWeb reporter), explains in a comment on NextWeb. “What happened with the last outage was that a heating issue killed one of the two datacenters (the one in Amsterdam), and the increased pressure from handling all the traffic eventually brought down the servers in Florida too. The good news is that it’s part of the Wikimedia Foundation’s plan to open up a new U.S. data center to prevent this in the future. Also, to make a plug, donating helps pay to keep the servers up and running”About 20 minutes ago, Wikipedia Tweeted that “data is slowly coming back online.” Why Tech Companies Need Simpler Terms of Servic…center_img Top Reasons to Go With Managed WordPress Hosting Related Posts curt hopkinslast_img read more

Read More »

Bradley Beal triple-double leads Wizards to 3OT win vs Suns

first_imgHeat clamp down on Giannis Antetokounmpo, top Bucks Beal had 40 points and his first career triple-double while squaring off against his former teammate, and the Washington Wizards beat the Phoenix Suns 149-146 in triple-overtime in the highest-scoring NBA game since 2008.“I was telling him, I didn’t know you were this hard to guard,” Oubre said after his first game against Washington since he was traded to Phoenix last week. “I’m chasing you around all these screens, I’m getting hit every possession but you still moving.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chief Sports Related Videospowered by AdSparcRead Next Washington Wizards guard Bradley Beal (3) reacts after he made a basket during triple overtime of an NBA basketball game next to Phoenix Suns guard Devin Booker (1), Saturday, Dec. 22, 2018, in Washington. (AP Photo/Nick Wass)WASHINGTON — Bradley Beal and Kelly Oubre Jr. have matched up often in practice, and Oubre thought he knew what to expect in their reunion.Just one of a few surprises on a wild Saturday night.ADVERTISEMENT PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH 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 Games02:11Trump awards medals to Jon Voight, Alison Krauss BIG-NAME COMPANYBryant’s 14-for-14 performance is among the best perfect shooting nights in NBA history. The only player to sink more field goals without a miss is Wilt Chamberlain, who reached 18, 16 and 15 in different games.WELCOME BACKOubre entered to an ovation from the Washington crowd with 5:02 left in the first. After playing his first three-plus NBA seasons with the Wizards, Oubre was traded with Austin Rivers to Phoenix for Trevor Ariza last week. He finished with 20 points, including 15 in the fourth quarter or later.TIP-INSSuns: Have not won more than four in a row since winning six straight in December of 2014. … Ayton has 20 double-doubles, the most by a rookie this season.Wizards: Beal recorded double-digit assists for the second time this season after contributing 11 in a loss at New Orleans on Nov. 28. … He also had his third double-digit rebound game. He has never had more than three in a season.UP NEXTSuns: Play their fourth game in a five-game road trip at Brooklyn on Sunday.Wizards: Visit Indiana on Sunday. Is Luis Manzano planning to propose to Jessy Mendiola? View comments SEA Games: Biñan football stadium stands out in preparedness, completion “He had an exceptional game and he willed them to the win tonight.”The 295 combined points were the most since the Denver Nuggets and Seattle SuperSonics totaled 298 in two overtimes on April 6, 2008. The record is Detroit’s 186-184 triple-OT win over Denver in 1983. SEA Games: Biñan football stadium stands out in preparedness, completion TS Kammuri to enter PAR possibly a day after SEA Games opening MOST READ LOOK: Joyce Pring goes public with engagement to Juancho Triviño LATEST STORIES Devin Booker had 33 points and 14 assists for the Suns, who ended their four-game winning streak after giving back a seven-point lead late in the fourth quarter.Deandre Ayton had 26 points and 17 rebounds for his fifth consecutive double-double but fouled out midway through the second overtime.After going scoreless for nearly a 10-minute stretch in overtime, Beal scored eight straight points for Washington in the third extra period.Later, he cut through several defenders for a layup that gave the Wizards the lead for good, 146-144.“When your best player is not playing, the other guys take on more responsibilities,” Suns coach Igor Kokoskov said. “Beal was, he came ready and understanding that his role tonight was going to be different.”Tomas Satoransky and Jeff Green combined to make 3 of 4 free throws, with Booker hitting a leaning shot on the other end. Booker tried to set up T.J. Warren for a tying 3-pointer, but Warren’s shot came after the buzzer.Beal missed a potential winning floater to end the first overtime period, and Booker had his shot from a similar spot rim out to end the second.WHO ARE THESE GUYS?With forwards Otto Porter (knee) and Dwight Howard (back) also remaining out, Beal was the only member of Washington’s preseason projected starting five that played Saturday.“It was definitely a gut check for us,” Beal said. “You look at our second group it was like a group of new guys out there. It was good for us to be able to adjust.” Hotel management clarifies SEAG footballers’ kikiam breakfast issue With All-Star point guard John Wall sidelined due to illness, Beal scored 10 points in the third overtime, including a slicing layup that made it 146-144 with 40 seconds left.He also had a career-high 15 assists and 11 rebounds, and reached the triple-double plateau by the end of the first overtime. He still had to play two more to help Washington to its second win in eight games.“I will never try to go out and get a triple-double,” Beal said. “It’s the hardest thing to do.”Thomas Bryant added a career-high 31 points, hit all 14 of his shots and made all three of his free throws. At one point, Bryant scored 16 of 18 points for Washington across a stretch of the first and second overtime.“It’s amazing,” the second-year forward said. “I had no idea. I was just in the flow of the game. I just let the game come to me, and as soon as I felt like I was in the rhythm of it, I just went out and took it.”ADVERTISEMENT Private companies step in to help SEA Games hosting Don’t miss out on the latest news and information. BREAKING: Corrections officer shot dead in front of Bilibidlast_img read more

Read More »

Tokyo Games nears collection targets for recycled-metal medals

first_imgOil plant explodes in Pampanga town Private companies step in to help SEA Games hosting Grace Poe files bill to protect govt teachers from malicious accusations MOST READ ‘We are too hospitable,’ says Sotto amid SEA Games woes LATEST STORIES US judge bars Trump’s health insurance rule for immigrants View comments FILE – In this April 1, 2017, file photo, gold tablets of 3 grams, left, which is able to be recycled from 100 mobile phones, are shown as example in Tokyo. Tokyo Olympic organizers said in a statement Friday, Feb. 8, 2019, they expect to collect enough obsolete electronic devices by the end of March to reach the amount that will be required to manufacture all Olympic and Paralympic medals. (AP Photo/Eugene Hoshiko, File)TOKYO — The Tokyo metropolitan government and Tokyo Organizing Committee of the Olympic and Paralympic Games have announced that they are on track to collect the recycled metal needed to produce all medals for the 2020 Games from the remnants of mobile phones and other small electronic devices.The collection is expected to conclude by the end of March.ADVERTISEMENT ‘We are too hospitable,’ says Sotto amid SEA Games woes Oil plant explodes in Pampanga town SEA Games hosting troubles anger Duterte Sports Related Videospowered by AdSparcRead Next Pelicans balancing Anthony Davis’ playing time with future concerns PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH 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 Games02:11Trump awards medals to Jon Voight, Alison Krauss Don’t miss out on the latest news and information. At least 5,000 medals, including gold, silver and bronze, are needed for the Games. The gold medal will be gold plated over a silver base, with 30.3 kilograms of gold, 4,100 kilograms of silver and 2,700 kilograms of copper required for production.Collection of the metals from discarded small devices began in April 2017. As of the end of June 2018, the organizing bodies had completed their collection of copper but had only obtained 54.5 percent of the gold and 43.9 percent of the silver needed.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesAdditional recycling stations were subsequently introduced. As of the end of last October, the bodies had collected 93.7 per cent of the gold and 85.4 percent of the silver needed. The collection targets for both metals are expected to be reached by the end of March.last_img read more

Read More »