India-South Africa trade booming

first_imgThe Airports Company of South Africa is part of a consortium that has won a 30-year contract to renovate and run India’s Mumbai airport.Govin ReddyTrade between India and South Africa passed the US$5-billion mark in 2007, a mere 14 years after the resumption of diplomatic relations between the two countries. Bilateral trade is expected to reach $15-billion by 2010. Several Indian business leaders are bullish on the prospects.Arun Nanda, an executive director of Mahindra & Mahindra, for example, addressing a South African trade delegation in Mumbai recently, extolled South Africa’s infrastructure and team spirit and underlined India’s huge requirements in several sectors, including retail and service. He stressed the importance of boosting small enterprises in both countries.The strong commercial relationship between India and South Africa is underpinned by a number of bilateral agreements and business initiatives. In 2003 the India-Brazil-South Africa (Ibsa) agreement was signed to promote South-South cooperation and coordination on global issues.The India-South Africa CEO Business Forum was launched in 2004 to foster trade and investment. The forum meets annually and is chaired jointly by Patrice Motsepe and Ratan Tata, who is also a member of President Thabo Mbeki’s international economic advisory council.Bilateral trade and investment were boosted by the Indian Merchants’ Chamber’s decision to hold its prestigious India Calling conference in Johannesburg in August 2007, following previous conferences in Singapore, Dubai and London. About 300 business delegates from each country participated in the conference, which was opened by Mbeki.The Confederation of Indian Industries has been particularly active in South Africa. In October a high-level trade delegation under the auspices of Trade & Investment SA and the International Marketing Council of SA was very well received in India.Much in commonThe two vibrant economies are the spur to these initiatives. India’s 9% economic growth rate is expected to continue in the near term, and though South Africa’s growth rate is smaller, at 4.5%, it has had an unprecedented nine years’ economic growth, record foreign exchange levels, a budget surplus for the first time, and single-digit inflation.Both countries are vibrant democracies, at comparable levels of development. Both have liberalised their foreign investment regimes, cut restrictions and simplified procedures.The net result is that about 40 Indian companies operate in South Africa and a similar number of South African firms have set up shop in India. Among the former are Tata, Ranbaxy, UB Group, State Bank of India, ICICI and Bank of Baroda. Among the latter are SABMIller, First Rand, De Beers, Old Mutual and Sanlam.Sasol is looking to implement its unique coal-to-liquid technology in India. Sasol’s man in India, John Sichinga, says Sasol intends investing R6-billion to R8-billion ($750-million to $1-billion) in India. The Airports Company of South Africa, together with GVK Industries (India) and Bidvest Group (Mauritius), has been awarded a 30-year contract to renovate and run Mumbai airport.Indian tourism to South Africa grew by 17% in 2006 and an additional 16.9% in 2007.The future looks even brighter. South Africa is an attractive market to cash-flush Indian firms looking for new opportunities globally. India is a world leader in IT education and training – a South African priority. Indian IT firms are well-placed to supply software for banking, insurance, telecoms, power and healthcare, and poised to capitalise on the infrastructure requirements of the 2010 Fifa World Cup.India’s booming economy offers South African companies opportunities in a number of sectors. Rarely a week goes by without some South African company in town looking for business. The stage is well set for bilateral trade to reach $15-billion by 2010.Govin Reddy is country manager for India for the International Marketing Council of South Africa. This article was originally published in the Financial Mail. Useful linksDepartment of Trade and IndustryTrade IndiaIndian Merchants’ ChamberConfederation of Indian IndustryInternational Marketing CouncilTata GroupRanbaxy LaboratoriesThe UB GroupState Bank of IndiaICICI BankBank of BardodaSABMillerFirst Rand GroupDe Beers GroupOld MutualSanlamSasolAirports Company of South AfricaGVK IndustriesBidvest Grouplast_img read more

Is it Time to Stop Forfeiting Vacation Days?

first_img Photo credit: Project Time Off Created in Canva by Alicia Cassels Return to article. Long DescriptionWritten by Alicia Cassels, MA, MFLN Military Caregiving Blog ContributorAn American Worker’s DilemmaTo use, or not to use? When it comes to vacation, that is the question faced by millions of American workers each year. Taking hard-earned vacation time is a no-brainer for most workers, right? -Not actually. Results of the 2018 State of American Vacation annual tracking survey indicate that the majority of American workers forfeited vacation time in 2017. According to their most recent report, 52% of workers left a total of 705 million unused vacation days in 2017. Oxford Economics analyzed the dollar value associated with this forfeited vacation time, finding an estimated $62.2 billion dollars in lost benefits. In effect, these workers donated an individual average of $561.00 dollars to their employers in 2017.Why do American Workers Forfeit Their Vacation Time?While a great number of factors influence whether an employee chooses to use their vacation time, the 2018 report examines three specific areas impacting worker decisions to leave time unused.Employees concerned about appearing less dedicated or replaceable if they took a vacation were much less likely to use all their vacation time. In total, 61% of these employees left vacation time unused as compared to 52% overall.Employees who reported that their workload was too heavy to get away were more likely than average to have unused vacation time, with 57% of these employees forfeiting time as compared to 52% overall.Employees who reported a lack of coverage at work, or that no one else could do their job were also more likely to forfeit vacation time, resulting in 56% with unused vacation days as compared to 52% overall.The Case for TravelWhile those who fail to use vacation time may report fear about negative impacts on their careers, American Vacation annual tracking survey results indicate that the opposite is true. Most striking are the results indicating that workers who use their vacation days to travel tend to be more likely to make higher salaries and receive a promotion than non-travelers.“More than half (52%) of mega-travelers reported receiving a promotion in the last two years compared to Americans who use some (44%) or little to none (44%) of their time to travel.”Those who use the majority of their vacation time to travel also report,“higher likelihood of receiving a raise, bonus, or both than homebodies. Employees who used little to none of their vacation time for travel were five percentage points less likely than those who used all or most of their vacation time for travel to report a raise or bonus in the last three years (81% to 86%).”A Promising TrendAmericans are beginning to use more of their vacation time. The 2018 report indicates that America’s vacation culture seems to be changing for the better. In 2017, more employees expressed confidence about using the vacation time they had earned, and more employers encouraged workers to utilize their vacation time. While 52% left unused vacation days on the table, that number represents an improvement over 54 percent in 2016 and 55 percent in 2015.center_img Return to article. Long DescriptionIs it Time for Change?If you have tended to be in the majority, the group of American workers who leave vacation time unused each year, it may be time to rethink that stance. Through experimentation with taking time off for travel you may find that, rather than hindering success at work, using the vacation time you have earned may have a positive effect on your (2018). State of American Vacation 2018. [online] Available at: [Accessed 21 Mar. 2019].last_img read more

MMA star Jones fined $205,000, license revoked over drug test

first_imgMOST READ Pussycat Dolls set for reunion tour after 10-year hiatus Jones told Tuesday’s hearing he believed he had ingested the steroid in his most recent case inadvertently through a supplement.The fighter’s defense team however were unable to pinpoint the supplement blamed for the test.CSAC executive Andy Foster said he believed Jones story, telling the hearing “it doesn’t make any sense” that the fighter would knowingly take steroids while in competition.“I want to be very clear that I do not believe that we should end Mr. Jones’ career today,” Foster said. “But I do believe he should sit out for a while.”Jones issued a statement following the hearing.ADVERTISEMENT Jon Jones reacts to defeating Daniel Cormier in the Light Heavyweight title bout during UFC 214 at Honda Center on July 29, 2017 in Anaheim, California. AFPLOS ANGELES, United States — Mixed martial arts star Jon Jones was fined $205,000 and had his fighting license revoked on Tuesday following a hearing in front of the California State Athletic Commission.Ultimate Fighting Championship ace Jones tested positive for the steroid Turinabol following an in-competition test ahead of his win against Daniel Cormier last July.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC No sibling favors “I want to thank CSAC for taking the time and hearing my case, and executive officer Andy Foster for saying he believes me,” he wrote on Twitter. /cbb Families in US enclave in north Mexico hold sad Thanksgiving Typhoon Kammuri accelerates, gains strength en route to PH LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexico Police teams find crossbows, bows in HK university PLAY LIST 01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: 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 City Google honors food scientist, banana ketchup inventor and war hero Maria Orosa Don’t miss out on the latest news and information. LATEST STORIES John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Read Next AFP official booed out of forum The 30-year-old light-heavyweight was subsequently stripped of his title and his win over Cormier was later declared a no-contest.It was the third time Jones has been stripped of his title.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutHe lost the crown in 2015 following a hit-and-run incident and was stripped of it a second time following an anti-doping violation in 2016.Jones’ career is now hanging in the balance, with further sanctions expected from the United States Anti-Doping Agency (USADA), which could suspend him from fighting for four years for a second offense. View commentslast_img read more

Justin Bieber Appears In New Charity Book For Starship Childrens Hospital

first_imgWell-known New Zealanders are allowing us a glimpse at their families and sharing their feelings about parenthood in a new book – all in support of Starship Children’s Hospital.For the Love of Our Kids is a beautifully bound photo book which has just gone on sale to the public at book, designed by the publishers of the stunning MILK (Moments, Inspiration, Love, Kinship) Tailor Made Books, features photos of high-profile Kiwis such as Lucy Lawless, Tiki Taane, Keven Mealamu, Jaquie Brown, Shane and Nerida Cortese, Dame Rosie Horton, Dominic Harvey and Jay-Jay Feeney, Trelise Cooper, Kerre Woodham, CJ Bruton, Graeme Hart, Toni Street, Rawdon Christie, Paul Flynn (Flynny), Kate Hawkesby, Ross Taylor and Sir Peter Leitch with their own children or special Starship patients. Plus there are also photos of patients and generous supporters with their families – and all with heartfelt messages of what their children mean to them.There is also a special photograph of international pop superstar Justin Bieber with a Starship patient on his visit to the children’s hospital in July. And New Zealand’s Jaquie Brown features on the cover with her gorgeous boy Leo.This book, with its beautiful images by photographer Michelle Carlson, is exclusively available through the Starship Foundation website at for $45 + postage.Thanks to Michelle Carlson and MILK Tailor Made Books for donating their time and expertise to compile this stunning book, proceeds from the sale of For the Love of Our Kids will come to the Starship Foundation to help fund care for the thousands of children from around New Zealand who are treated at Starship every year.“The wonderful people involved in the book have been so generous with their time and with their families,” says Gretchen Hawkesby, Chair of the Friends of Starship. “For the Love of Our Kids makes a stunning coffee table book or a beautiful gift and I really encourage people to buy a copy or two. It’s for such a good cause, supporting children from all over New Zealand who come to Starship.” read more

Crime writers on a roll

first_imgFrom violence against women in crime novels to decoding the world of prolific Pakistani crime writer Ibn-e-Safi, the inaugural edition of Crime Writers Festival touches upon an array of issues shaping contemporary crime writing in India.Promoted by Siyahi, a literature promotion group, the two-day festival that began on January 17 and will continue till 18 will be held at the India Habitat Centre.The event is bringing crime and thriller writers from across the world to discuss the art of crime writing to see how it influences society. Touching upon a number of themes the festival pays an ode to this writing genre that is slowly gaining popularity among the masses. Also Read – ‘Playing Jojo was emotionally exhausting’The festival has been conceptualised by Namita Gokhale, co-director of the Jaipur Literature Festival, writer Kishwar Desai and the Crime Writer’s Forum of South Asia. Alka Pande, curator and historian, is donning the hat of creative director.Celebrated authors like Anita Raghavan, Mahmood Farooqui, Ashwin Sanghi, S.Hussain Zaidi and Jerry Pinto, among several others are discussing the world of crime fiction. In a session titled ‘Byomkesh Bakshi and the Bangla Bloodhound’, authors Zac O’ Yeah and Mukul Deva will be drawing distinctions between Indian and Western detective fiction. Along with these discussions, there will also be book-reading sessions and workshops at different venues.last_img read more

Union Minister felicitates InnoTex 2018 winners

first_imgConfederation of Indian Textile Industry (CITI) in association with Northern India Textile Research Association (NITRA) as a Knowledge Partner, organised an innovation contest ‘InnoTex 2018’. Innovation applications were sought in the field of design, method, process, product and cost in ginning, spinning, weaving, knitting, processing, garmenting and technical textiles from all over India and abroad.CITI received an overwhelming response from the innovators as well as from the industry. A total of 10 innovations were shortlisted after two rounds of jury evaluation. The final round of the Innovation Contest was organised along with CITI Diamond Jubilee Celebrations – Global Textiles Conclave 2018 on November 28, at 10:00 am at hall no. 4, Vigyan Bhawan, New Delhi. Also Read – Add new books to your shelfInnovators made their final presentations before the eminent jury members comprising Shekhar Agarwal, Vice Chairman, RSWM Limited, Bharat Bhushan Modi, Vice President (Weaving), D’Décor Home Fabrics Pvt. Ltd., Neelabh Dalmia, Director, GHCL and Professor R S Rengasamy, Department of Textile Technology, IIT Delhi, the stalwarts of textile and apparel industry and top academia. Towards the end, three winners were selected. Sanjay K Jain, Chairman CITI delivered the keynote address and shared his thoughts on how the idea of organising an Innovation Contest came and in fact, it was the first time in the history of Indian textile and clothing Industry that such a contest was organised for innovations in the textile sector. Also Read – Over 2 hours screen time daily will make your kids impulsiveDr Arindam Basu, Director General, NITRA briefed the audience about the InnoTex 2018 contest and its journey of four months. Prashant Mohota, Chairman, CITI-YEG thanked the innovators for their excellent innovations and presentations. He also expressed his gratitude to the eminent jury members who really had a herculean task of judging and evaluating the innovators particularly when competition became very close and tough. He also acknowledged the support and help extended by Dr J V Rao, CEO, TSC, and his team. He showed heartfelt indebtedness to the sponsors D’Decor (Presenting Partner), Lenzing AG and Murata Machinery Limited (Supporting Partners) without whose support this contest would not have been possible. After the second round, all 10 shortlisted candidates were mentored by the industry experts. Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation presented trophies to the finalists of InnoTex 2018 at the Valedictory Session of CITI diamond jubilee celebrations. R Pothiraj received the first prize for his innovation on ‘32% Reduction in Energy Consumption in Running Airjet Looms’. Dhivagar got the second prize and Raj Kumar got the third prize for their innovations in ‘Zero Defect of Spandex Miss Plating in Knitted Fabric’ and ‘Computerised Vertical Embroidery Machine’, respectively. The Union Minister Suresh Prabhu also congratulated NITRA for its excellent work in InnoTex 2018 Contest as Knowledge Partner.last_img read more

Veterans Day Sales Best Deals on 4K Vizio TV Kindle eReaders Amazon

first_img 6 min read Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. November 11, 2016 Entrepreneur has affiliate partnership with TechBargains so we may get a share of the revenue from your purchase.It’s Veterans Day and many retailers are using this as an excuse to release some of the deals they want to test on Black Friday. The team at TechBargains has found that many of the deals you see on Veterans Day can actually be just as good as you will find on Black Friday, especially on electronics. The only difference is you won’t have to suffer through Black Friday lines and you’ll be able to enjoy your Thanksgiving by buying now.55″ Vizio M-Series 4K UltraHD 120Hz LED Smart HDTV + 6″ 1080p Tablet remote + $250 Dell Gift Card for $799.99 (Orig. $999.99)The Vizio M-Series is a well-reviewed TV from one of America’s favorite TV brands. Vizios pack a lot of value at a highly competitive price and the Vizio M-Series is one of their higher end models. It has a full-array LED backlight with local dimming for great picture quality, sharp 4K display resolution and even supports the new HDR format which you can immediately make use of on your PS4 or Xbox Ones. To top it all off they include a 6-inch Android remote that can be used to surf the web or stream. With the $250 Dell gift card you are paying about $550 which is a steal for a high-quality 4K TV.Get up to $200 back on purchases with this offer (Advertisement)Apply for the Blue Cash EverydayÆ Card to earn 10% cash back on purchases at in the first 6 months, up to $200. Plus, earn $100 back after you spend $1,000 in purchases on your new card within the first 3 months. No Annual fee. Terms apply. Apply by 1/11/2017.Dell Inspiron 17 5000 Intel Core i7-6500u Dual-Core 17.3″ 1080p Laptop $609 (Orig $931)Use Code: SAVE270. If you need a larger laptop that has power, a good size display for productivity, and a powerful current generation i7 processor from Intel than the Inspiron 17 5000 is a great choice. The 1080p display will display sharp text and graphics. For those with small businesses or Windows power users this laptop includes Windows 7 Pro (with a license for Windows 10) for advanced features. At a price of $609 it’s an incredible value.49″ LG 49LH5700 1080p LED Smart HDTV + $150 Dell Gift Card for $399.99 (Orig. $499.99)If you wanted an inexpensive TV for Black Friday then look no further. LG is a well known brand and is generally overshadowed by their flashier cousin Samsung. LG is known for making quality electronics with a lot of features for very competitive price. At $400 you are unlikely to find a name-brand TV in the 50-inch size range for less. The included $150 gift card effectively discounts you under $300 which is a steal.Amazon Echo Bluetooth Speaker w/ Alexa Voice Control (Amazon Certified Refurbished w/ 1yr Warranty) $119.99 (Orig $179.99) The Amazon Echo is one of the most popular home Bluetooth speakers that lets you play music with voice command and uses Alexa’s voice service. You can ask Alexa for an Uber, set a reminder or alarm, or ask it a question like, “What’s the weather?” If you have home automation like a Nest thermostat or a Philips Hue light you can control it with Alexa. At $120 this is one of the best prices we’ve seen that anyone can get. This has been certified refurbished by Amazon and goes through Amazon’s stringent QA and recertification process and is back by a full 1-year warranty same new. Really, the only difference to you is the extra savings.HostGator: 65% off Managed Hosting Pre-Black Friday Sale (Prices starting at $3.48 to $9.95)Sign-up for a 3-year managed hosting plan for the largest bulk savings including a Black Friday special 65 percent off with this exclusive deal. Higher-end plans such as the standard or business plans let you manage multiple along with an in cluded site migration. You get unmetered disk space, free website templates, unlimited email addresses and more. This deal will not last and is one of the best deals we’ve seen. Amazon Paperwhite eReader w/Backlight (Amazon Certified Refurbished 1-Year Warranty) $79.99 (Orig $109) This is the Kindle of choice for readers and is the lowest price we’ve seen (usually $100 on sale new). It has a high-resolution 300ppi display for sharp text and has a built-in light so that you can read in the dark. There is no screen glare so you can enjoy it while reading outside in the sunlight. If you read a book a month and take your Kindle around a few times a year this is a good choice for you.Amazon Kindle Voyager 6″ eReader w/Adaptive Light (Amazon Certified Refurbished w/ 1-Year Warranty) $119.99 (Orig. $199.99)The Kindle voyager is thinner, lighter and has a more premium feel than the Paperwhite. It has a magnesium backing and has a sleeker design. It’s definitely the Kindle of choice if you read and travel a lot as its micro-etched display has better contrast, its better material is more durable and has a better adaptive light as well as PagePress buttons that will make this a pleasure for avid readers.Bonus $50 Gift Card on the New Xbox One S or PS4 Slim for $299.99 (Orig. $350)Dell is offering some early Black Friday deals with a bonus $50 Dell gift card on either the Xbox One S with its 4K and HDR ability or the redesigned PS4 Slim with HDR. These are first waves of console deals and the effective pricing of $250 is the baseline price of what we expect to see during Black Friday. Better deals will be had but stock is likely be more scarce and sell out far faster. Xero: Free Trial Small-Business Accounting Software + Bonus 40% off next 6-monthsGet an exclusive free trial with a rare 40 percent off bonus your next 6-months on Xero’s accounting software. It supports double-entry accounting systems, a tracking tool that easily isolates data, an approval level for transactions and Online Quotes. This is a serious challenger to the market leader QuickBooks and they are putting their money where there mouth is with this trial.SwissGear Cobalt Laptop Backpack + $25 Dell Gift Card for $49.99 (Orig $59.99)This SwissGear Cobalt Backpack is a top-rated laptop backpack for durability and gets great user reviews. This is one of the best deals we see for it and is actually a lower price than Amazon on top of a $25 Dell gift card, effectively dropping the price down to $25 for just the backpack. It’s built like a tank, will protect your laptop, store all your electronics and cords and has a lot of ergonomic design features at a great price.Disclosure: This is brought to you by the Entrepreneur Partner Studio. Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, we may get a small share of the revenue from the sale from our commerce partners.Have a deal you want to promote? Contact us here. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Register Now » Opinions expressed by Entrepreneur contributors are their own.last_img read more