Cloud allows you to adapt your planning and budgeting needs

5 October 2018

In today's dynamic business landscape, planning and budgeting needs to adapt to changing business conditions. Derik Rothman, Director at Futuresense, says a company's business processes need to be flexible enough to be able to handle landscape changes, and flexible enough to do it fast and efficiently, without putting the business at risk.

What the UN's first TB declaration should have said

It's finally here. After months of negotiations, at least one international spat and what we are sure are countless of track changes later the world finally has its first United Nations declaration on TB.

Heads of state, including our own President Cyril Ramaphosa, will ratify the declaration this week at the UN's first high-level meeting on TB in its 73-year history.

And boy, has TB bided its time. TB is single deadliest infectious disease today, World Health Organisation figures show.

Partners for Possibility receives prestigious global award in New York

Partners for Possibility (PfP), a South African social enterprise, was presented with a prestigious World Innovation Summit for Education (WISE) Award on 22 September in New York. The 2018 WISE Awards recognize six winning projects from five different countries. Every year, the Qatar Foundation, which established WISE, evaluates hundreds of innovative projects that tackle education challenges and selects the six most creative and effective among them. Along with the international recognition, the winners each receive $20,000 in prize money.

Technology and mentoring key in UFS approach to learner success

The University of the Free State (UFS) has been changing the lives of high school learners through its Internet Broadcast Project (IBP). The project was established in 2011, with the vision of taking quality education to all learners across the Free State province, regardless of their socioeconomic backgrounds.

Africa’s debt to China is complicated

President Cyril Ramaphosa assured South Africans this week that the government was not in the habit of “handing over the assets of our country to other nations [or] to other entities outside of our country”.

The state “has not sold the soul of South Africa to the highest bidder”, he promised, in reply to a question in the National Council of Provinces about the details of a R33-billion loan from the China Development Bank (CDB) to embattled power utility Eskom.

Has BEE been a dismal failure?

Not only is the gap between the rich and the poor in South Africa the highest in the world, inequality has increased since 1994, a World Bank report states. This is despite the ruling party’s mandate to redress inequality.

Black economic empowerment (BEE) was one of the measures intended to address the racialised inequality in South Africa. But numbers collated by the Broad-Based Black Economic Empowerment Commission are not encouraging. They show that between 2015 and last year the number of black business owners has decreased from 33.5% to 27.8%.

A $50 billion fight about who owns the SA Reserve Bank

SA Reserve Bank governor Lesetja Kganyago has a fight on his hands to protect the central bank’s $50.5bn (about R741bn) of reserves.

More than eight months after the ANC decided that the SARB should be state-owned, like most other central banks, the governor said his main concern remains to protect the regulator’s independence and mandate.

But also at risk may be billions of dollars in reserves and a legal brawl that could last for years.

Communicating in the CSI Space

In 2014/15, corporate contributions to Corporate Social Investment (CSI) increased to R8.2 billion – up from R2 billion just over a decade ago. This shows not only the commitment of corporates to the socio-economic development of the country, but that that there still remains much to be done in meeting the challenges of inequality, poverty and unemployment in South Africa.

Mnangagwa wins 2018 elections

On August 1, following the announcement of the parliamentary election results in Zimbabwe, which saw Emmerson Mnangagwa's Zanu-PF winning a clear majority, opposition MDC Alliance supporters held a demonstration in and around Harare's central business district, claiming the vote was rigged. 

In response, the Zimbabwe Defence Force (ZDF) soldiers fired live ammunition on the protesters, killing six people. 

China to trade in South Africa

South Africa is likely this week to provide a platform for a Chinese-led fightback against Donald Trump's protectionist agenda as it hosts counterparts of the so-called Brics group of nations.

The annual summit of the coterie of emerging economic powers, first identified by former Goldman Sachs Asset Management Chairman Jim O'Neill, is the 10th since its leaders started meeting, and the first since the prospect of a full-blown global trade war became a real threat. The BRICS group encompasses Brazil, Russia, India, China and South Africa.


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