Monthly Archives: October 2017

Sanya Serenity Coast Successfully Promotes Sanya City at the ...

CAPE TOWN, South Africa, Oct. 31, 2017 /PRNewswire/ —  On October 27th, The 2017-18 Clipper Round the World Yachting Race Sanya Committee representatives went to The University of Cape Town (UCT) and promoted Sanya City. Teachers and students at the International Academic Programmes of UCT came and listened to the promotion campaign. This included the legendary sailing journey of the world famous Yacht – Sanya Serenity Coast.https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_fqfhnt91/def_height/400/def_width/400/version/100011/type/1

Photo – https://mma.prnewswire.com/media/593759/Sanya_Ambassador.jpg
Photo – https://mma.prnewswire.com/media/593760/Promotion_Activity.jpg

At the beginning of the promotion a Sanya publicity film was showcased, giving the audience a nice introduction to Sanya. There was also a song called “Welcome to Sanya”, which was played – the song and film impressed the audience, and they were also able to view the tropical coastal scenery via the film. An “Oriental Hawaii” feel was generated with the audience members feeling excited and wanting to travel there.

A student from the International Acadmic Programme said, “Sanya is a very beautiful city, it definitely will be my preferred destination for traveling abroad. There are also duty-free shops, for me which will be a shopping paradise.”https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_wyy21i2b/def_height/400/def_width/400/version/100011/type/1

After the introduction of Sanya, the Ambassador crew of Sanya, Law Feng, continued to share his own sailing story. “It is not an easy thing for twenty people to sail on a mighty sea with a 70-foot sailboat. The hull is often tilted more than 45 degrees, resistance to 10 meters high waves. ”

A video of the yacht passing through the Atlantic was then displayed. This shocked the audience, seeing the video of the yacht travelling through the waves – the audience were astounded and awed. Wayne, a teacher working at the International Academic Programmes heard that there would be a Sanya yacht open day, and excitedly asked about how to participate, and also said, “My son is 8 years old, I would like to take him to see the beautiful yacht from Sanya, China.”

Founded in 1829, the University of Cape Town is the oldest university in South Africa. The first case of a human heart transplant in the world was done by Prof Chrs Barnard of UCT. So far, two graduates have won the Nobel Prize.

The Sanya City Promotion Campaign will hope to bloom around the world, especially aimed at the younger generation and the young talents of the future.

Sanya Serenity Coast Successfully Promotes Sanya City at the ...

CAPE TOWN, South Africa, Oct. 31, 2017 /PRNewswire/ —  On October 27th, The 2017-18 Clipper Round the World Yachting Race Sanya Committee representatives went to The University of Cape Town (UCT) and promoted Sanya City. Teachers and students at the International Academic Programmes of UCT came and listened to the promotion campaign. This included the legendary sailing journey of the world famous Yacht – Sanya Serenity Coast.https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_fqfhnt91/def_height/400/def_width/400/version/100011/type/1

Photo – https://mma.prnewswire.com/media/593759/Sanya_Ambassador.jpg
Photo – https://mma.prnewswire.com/media/593760/Promotion_Activity.jpg

At the beginning of the promotion a Sanya publicity film was showcased, giving the audience a nice introduction to Sanya. There was also a song called “Welcome to Sanya”, which was played – the song and film impressed the audience, and they were also able to view the tropical coastal scenery via the film. An “Oriental Hawaii” feel was generated with the audience members feeling excited and wanting to travel there.

A student from the International Acadmic Programme said, “Sanya is a very beautiful city, it definitely will be my preferred destination for traveling abroad. There are also duty-free shops, for me which will be a shopping paradise.”https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_wyy21i2b/def_height/400/def_width/400/version/100011/type/1

After the introduction of Sanya, the Ambassador crew of Sanya, Law Feng, continued to share his own sailing story. “It is not an easy thing for twenty people to sail on a mighty sea with a 70-foot sailboat. The hull is often tilted more than 45 degrees, resistance to 10 meters high waves. ”

A video of the yacht passing through the Atlantic was then displayed. This shocked the audience, seeing the video of the yacht travelling through the waves – the audience were astounded and awed. Wayne, a teacher working at the International Academic Programmes heard that there would be a Sanya yacht open day, and excitedly asked about how to participate, and also said, “My son is 8 years old, I would like to take him to see the beautiful yacht from Sanya, China.”

Founded in 1829, the University of Cape Town is the oldest university in South Africa. The first case of a human heart transplant in the world was done by Prof Chrs Barnard of UCT. So far, two graduates have won the Nobel Prize.

The Sanya City Promotion Campaign will hope to bloom around the world, especially aimed at the younger generation and the young talents of the future.

Minister Lynne Brown undertakes working visit to Pakistan, 1 Nov to 3 ...

Minister of Public Enterprises Lynne Brown will undertake a working visit to the Islamic Republic of Pakistan from 1 November to 3 November 2017 on the invitation of Pakistan's Minister of Defence Production, Mr Rana Tanveer Hussain.

The purpose of the visit is to explore the potential for cooperation between South Africa's state-owned arms and defence manufacturer, Denel, and Pakistani companies and its defence force.

Denel has a hard-won global reputation for innovation and invention in the sector; it is ranked among the world's Top 100 arms manufacturers.

South Africa and the Islamic Republic of Pakistan have maintained diplomatic relations since 1994. Former President Nelson Mandela visited Pakistan in 1999 and there have been regular high-level engagements between the countries.

Bilateral trade between South Africa and Pakistan is on an upward trend, growing from ZAR 2.5B illion in 2016 to ZAR 8 Billion in 2017.

We are very grateful to the Honourable Minister of Defence Production, Mr Rana Tanveer Hussain, for this opportunity to explore the potential to further deepen the relationship between our countries, Minister Brown said.

Minister Brown will lead a delegation to Pakistan that includes the Director- General in her department, Mr Mogokare Richard Seleke, Denel's Chief

Executive Officer, Mr Zwelakhe Ntshepe, and senior Department and Denel officials.

Apart from her meetings with Mr Hussain, the delegation will visit various strategic sites for discussions on potential future cooperation between Denel and the Pakistani Defence Force.

Mr Ntshepe, who has been at Denel for 21 years, was officially appointed CEO last week after acting in the capacity. As Acting CEO he spearheaded Denel's quest to develop new international markets and partnerships, and has been credited with growing Denel's order book to ZAR 19 Billion.

Denel is the largest manufacturer of defence equipment in South Africa, operating in the military aerospace and landward defence environment. It is an important defence contractor both domestically and internationally.

It is a key supplier to the South African National Defence Force (SANDF), as an original equipment manufacturer (OEM) and for the overhaul, maintenance, repair, refurbishment and upgrade of equipment in the Defence Force's arsenal.

Internationally, Denel supplies systems and consumables to end users, as well as sub-systems and components to its industrial client base. The company has concluded and successfully manages a number of equity partnerships, joint ventures and cooperation agreements with renowned players in the global defence industry.

Source: Government of South Africa

Arts and Culture on brandishing of the old apartheid flag

Brandishing the old apartheid flag does not advance the cause for social cohesion and nation building

Yesterday, during the Black Monday protest, the democratic values enshrined in the Constitution were severely undermined by the shameful brandishing of a symbol of the biggest crime against humanity � apartheid. The Minister of Arts and Culture, Mr Nathi Mthethwa strongly condemns this intolerance displayed at the Black Monday protests which continues to undermine the pursuit for social cohesion and nation building.

In South Africa, the rule of law is the foundation on which our constitutional democracy finds its strength. The Department therefore sympathises with the many families that have lost their loved ones as a result of these attacks on farms and call upon the law enforcement agencies to act decisively without fear or favour.

Killings and attacks of any kind on South African citizens are unacceptable and conflicting to the kind of society that we seek to build � a truly non-racial, non-sexist, and democratic society, said Minister Mthethwa.

While we are unreservedly sympathetic to the plight of our farming communities, we are deeply disturbed by some of the symbolism that characterised the protest action. It is important to note that the event of burning the new flag and flying of the old flag did not advance the cause for social cohesion and nation building and we condemn this action with the strongest contempt it deserves.

The Department has the mandate to lead South African society in bridging persistent socio-historical divisions, mainly entrenched along racial, cultural and ethnic identities. There are various platforms, some in the form of community conversations that are being rolled out across country to encourage robust conversations so as to bridge existing divisions, especially along the racial lines.

We remain committed to working with all communities in ensuring that we live up to the vision of our Constitution and the National Development Plan (NDP); and by extension, we hereby issue a call to all communities to join us in forging this common future together, for ourselves and for posterity.

Minister Mthethwa concluded by saying that the wise words of OR Tambo still ring true today when he said we seek to create a united democratic and non-racial society. We have a vision of South Africa in which black and white shall live and work together as equals in conditions of peace and prosperity.

Source: Government of South Africa

GEPF looking at diversifying its portfolio

With the volatile economic conditions, the Government Employees' Pension Fund (GEPF) is looking into diversifying its portfolio by investing more in unlisted companies and entities.

The GEPF is also considering increasing offshore exposure to lessen the impact of the credit downgrade. This model is geared towards developmental investments in sectors such as economic infrastructure, environmental sustainability, social infrastructure, priority sectors and SMMEs, which have the potential to grow the economy and create jobs.

Any constraints on South Africa's economic growth and size would have a similar impact on the fund. Pension funds are the biggest investor group in South Africa and, along with other institutional investors, we are fully aware that investment values are impacted by the seriousness with which companies regard environmental, social and governance issues, GEPF Principal Executive Officer, Abel Sithole, said on Tuesday.

As it is, the GEPF's investment strategy uses a liability-driven approach, based on asset liability modelling, which takes into consideration expected future benefit payments, the actuarial position, other long-term objectives, as well as the risk to the overall solvency of the fund.

With this in mind, Sithole said they think of investments in the long-term and how they will impact future generations.

There is a need to invest in the unlisted space because the GEPF's performance is related to the economy's performance, as these initiatives are aimed at job creation, enterprise development and growing the economy, said Sithole, who was joined by the Public Investment Corporation (PIC) CEO Dan Matjila.

Currently, about R46 billion of GEPFs assets are invested in unlisted equities.

GEFP is Africa's largest pension fund, with more than 1.2 million active members, in excess of 400 000 pensioners and beneficiaries.

With its investment manager being the PIC, the market value of the fund reached R1.67 trillion, which is an increase of 2.6% on the value at 31 March 2016.

In the last financial year, the fund overproduced a return of 4.3%, outperforming its strategic benchmark return of 3.7%.

This investment performance was achieved in a period of low economic growth, volatile financial markets, and with inflation (at 6.3% year-on-year) slightly higher than the South African Reserve Bank's Consumer Price Index (CPI) target range of 3% to 6%.

Sithole said the investment returns below the inflation rate could impact negatively on the fund's objective of granting full inflationary increases to pensioners, hence they are looking at diversifying the portfolio.

Sithole emphasised that diversifying the portfolio would be in line with funds' responsible investment policy while the governance of the entities it invests in would be looked at.

The GEPF believes that integrating environmental, social and governance factors that play a role in investment decisions promote the long-term value of the fund's investments. These are also in the interest of its members and beneficiaries.

Pension benefit guaranteed

Sithole clarified the issue of asset ownership at the GEPF.

It's not government, it's not the PIC. It's actually the assets that the GEPF owns or the members of the GEPF. It's not owned by the PIC. I think it's important to clarify that, said Sithole.

The PIC is simply mandated to make investments in both listed and unlisted assets, according to its investment and governance processes, within the parameters of the GEPF mandate. No matter how the investment performs, being a defined benefit fund, the GEPF pension benefit is guaranteed by government to State employees and pensioners.

Matjila said that governance and social environmental issues are incorporated in investments, as they have done so in the past.

The unlisted investments are necessary for development in energy, infrastructure, agriculture, to drive economic growth.

Matjila assured that client monies in GEPF are safe. He also reiterated that the investment mandate of the PIC comes from its clients, not National Treasury.

There is little influence by National Treasury in the investment by the PIC. The [Finance] Minister appoints the board, which needs to be fit and proper to conduct core activities of the PIC.

Source: South African Government News Agency

SOUTH AFRICAN OPPOSITION PARTY ELECTS NEW PRESIDENT

JOHANNESBURG-- Following the unexpected announcement by Inkosi Mangosuthu Buthelezi on Sunday that he is stepping down as president of the Inkatha Freedom Party (IFP), attention is now focused on his successor and whether he will be able to take the Zulu-based opposition party to new heights.

Velenkosini Hlabisa, 52, is the man set to become the next IFP president, taking over the reins from 89-year-old Inkosi Buthelezi who has led the party since it was founded in 1975. A modest and respected leader, Hlabisa joined the IFP at the age of 13 and grew in its ranks.

A teacher by profession, he had served as a member of the Youth Brigade and was later elected as its National Secretary. He has also represented the party in local government since 1995. In 2011, he was elected Provincial Secretary.

Buthelezi has described him as a man of integrity who has served the IFP with distinction and analysts believe, it is such traits which aided his rise to the top.

Prof Bheki Mngomezulu, a political analyst said: "Given his loyalty and long service in the party and the fact he is relatively young when compared with Buthelezi for example, we know one of the concerns is that the youth have been crying foul about not being well represented in the national structures of the party.

Prof Mngomezulu believes Inkosi Buthelezi has made the right move at the right time, "The timing is perfect because Inkosi Buthulezi will be there to provide support that is needed and it's good that he did it now, while he is still available, the only thing that would been worse is if Hlabisa came into the picture when Buthelezi was no more than it would have been chaos.

Source: NAM NEWS NETWORK

Alleged drug dealers nabbed at Phoenix

The KwaZulu-Natal Acting Provincial Commissioner, Major General Bheki Langa welcomed the arrest of two suspects who were charged for possession of drugs. We will intensify our Festive Season operations in getting rid of drugs in our community. We appeal to the community members to come forward and give us information about any suspected drug dealers in their areas. Our Crime Stop number 08600 10111 can be used to give information about any criminal activities in our province, he said.

Yesterday, Phoenix Drug Task Team made a breakthrough when they arrested two suspects in separate incidents. The members followed up information about drug dealers in the area. They spotted the alleged drug den and the premises was searched. A total of 36 pieces of rock cocaine was recovered. A 57-year-old suspect was arrested and charged for possession of drugs. The members proceeded to another place where it was searched and 270 more cocaine and 20 mandrax tablets were found. A 32-year-old man was arrested and charged accordingly. Both suspects will appear today in the Phoenix Magistrate's Court.

Source: South African Police Service

Five teachers die in road accident

The Department of Education in KwaZulu-Natal has expressed shock over the death of five teachers, who passed away in a road accident in Ladysmith today.

The department said this is one of the most heart-breaking and traumatic moments in the province.

Preliminary reports suggest that they were travelling to school when their staff transport vehicle collided with another vehicle, which had lost control after being shot at.

The cause of the shooting is not yet known. We have, in the meantime, dispatched our district officials to visit affected schools and families to gather more information, the department said.

KwaZulu-Natal Education MEC Mthandeni Dlungwana extended condolences to all the families of the bereaved, their friends and loved ones and to the teaching fraternity.

Condolences also go to all members of the community, who have lost those they dearly love due to accidents on the roads, said MEC Dlungwana.

Source: South African Government News Agency