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Let’s learn lessons from Zimbabwe before it is too late – NEWS & ANALYSIS

Mmusi Maimane says SA needs to free itself from anti-democratic, liberation movement politics of the ANC BOKAMOSO Let’s learn lessons from Zimbabwe while we can still act on them The thing with warning signs is they are most useful when acted on early enough to avert disaster. Sometimes it’s hard to tell warning sign from alarmist conspiracy theory. In 2013, the DA’s warnings about state capture fell on deaf ears, even though many of the red flags were already waving.…

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Geingob assumes SADC Chairmanship | Confidente

*Read below full acceptance speech* On behalf of the Government and people of the Republic of Namibia, I am delighted to accept the Chairmanship of SADC at a time when a New Africa, The Africa We Want, is on the rise. Africa is on the march, driven by unity of purpose, the pursuit of common objectives and an unwavering determination to bring about shared prosperity. I have accepted this responsibility knowing well that the leaders of the SADC nations have…

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Trump backs CEOs, proposes easing corporate reporting rules

NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors. Such a switch would mark a huge change in the U.S. Securities and Exchange Commission’s disclosure requirements and put them in line with European Union and United Kingdom rules. Trump said on Twitter that meetings with…

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Cries and cheer as Sh40 billion buildings to be demolished :: Kenya

Demolished building in Nairobi NAIROBI, KENYA: It is an exercise that has gripped the nation. The green excavator is a celebrity in its own right. Sany, as it is now called, has more photos on Facebook than a Kenyan socialite. Today, the first thing social media users want to know in the morning is where it is headed. Welcome to Kenya’s latest soap opera, the ‘Bomoa Bomoa Edition’. It is evident that the ongoing demolition exercise is not stopping soon.…

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Is Charity for the Poor Futile?

• PETER SINGER IN AN ESSAY published last month in The Guardian, 15 leading economists – including Nobel laureates Angus Deaton, James Heckman, and Joseph Stiglitz – criticised what they call “the ‘aid effectiveness’ craze” on the grounds that it leads us to ignore the root causes of global poverty. I advocate assessing the effectiveness of aid and providing resources for interventions shown to be highly cost-effective. To that end, I founded The Life You Can Save, an organisation that…

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Mobile TeleSystems: A Cautious Buy – Mobile TeleSystems (NYSE:MBT)

MTS (MBT) is the best Russian telecom company in terms of its operational performance and dividend payment consistency. I view the company as a top pick in the Russian telecom sector in the medium term. The long-term outlook for the company doesn’t seem to be attractive, though. Company Overview I previously mentioned MTS in my article about Rostelecom (OTCQX:ROSYY) and now it’s time to dive deeper. MTS is a telecommunications company, offering mobile and fixed voice, broadband and pay TV…

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Bosnia to guarantee $700 mln Chinese loan to power utility EPBiH

SARAJEVO, Aug 17 (Reuters) – A Bosnian regional government agreed on Friday to guarantee a 614 million euro ($700 million) loan from China’s Exim bank to help Bosnian utility EPBiH to add a new generating unit at its Tuzla coal-fired power plant. The amount covers 85 percent of the total value of a contract signed last November for the largest investment into Bosnia’s postwar energy infrastructure, the government of autonomous Bosniak-Croat Federation said in a statement. In 2014 EPBiH picked…

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N Chandrababu Naidu pays tribute to Atal Bihari Vajpayee, terms him as ‘great statesman’

File Photo New Delhi: Andhra Pradesh Chief Minister N Chandrababu Naidu paid tribute to the mortal remains of former Prime Minister Atal Bihari Vajpayee at his residence in Delhi on Friday. Soon after All India Institute of Medical Science (AIIMS) announced the demise of the Bharatiya Janata Party (BJP) veteran, Chief Minister Naidu took to social media and said, “On this unfortunate day, we have lost one of the greatest visionaries the nation has seen. The beloved former Prime Minister…

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Railways getting ready for a freight corridor from Kharagpur to Vijaywada

The Indian Railways is likely to move a proposal to set up the country’s third dedicated freight corridor from Kharagpur in West Bengal to Vijaywada in Andhra Pradesh, through funding from multi-lateral agencies like Japan International Cooperation Agency (JICA) and World Bank. The 1,114-kilometre corridor is estimated to cost around Rs 567.49 billion. “We have moved a proposal in this regard and are looking to tap funding from JICA or World Bank for the project,” said Anurag Sachan,…

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Mobile Money Accounts Outstrip Population

Registered mobile money accounts across the three major telcos have – for the first time, outstripped the country’s total population; a development that portends future growth in the mobile money space. The latest data from the central bank’s Payment System show that the registered number of mobile money accounts increased from 21.36 million in June 2017 to 29.99 million in June 2018. This represents an increase of 40.40 per cent over a one-year period. Given Ghana’s population of 29.61 million,…

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Low-key Washington talks unlikely to end US-China trade war

Low-key is probably an apt description of the planned trade talks between China and the United States in Washington later this month. But the ramifications, of course, are immense. Whether the White House and President Xi Jinping’s administration can thrash out a deal in the short term is debatable as the conflict strikes at the very heart of the world’s second-largest economy. For the US and in part the European Union, Beijing has simply manipulated, and at times shredded, the Word Trade…

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Eye On India – Queens Tribune

Celebrating India’s 72nd Independence Day Approximately 700,000 people of Indian descent live in the New York City area. In the 1960s and 1970s, there was a boom of immigrants from India, with clusters settling in such areas as Jackson Heights and Flushing. In the 1980s, roughly half of the tri-state area’s Indian immigrants called Queens home. Since then, the community has expanded. Many Indian Americans have become leaders in business, healthcare, law and other fields.  In this special section, we profile several…

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KISERO: PE funds looking bad on Paunrana’s ARM

Columnists Thursday, August 16, 2018 19:51 By JAINDI KISERO Padreep Paunrana. FILE PHOTO | NMG  Perhaps this is not the appropriate time to write the story of the rise and fall of Padreep Paunrana, corporate titan and long serving chief executive of the listed company Athi River Mining Ltd #ticker:ARM. I may have to wait until the board of the company finally appoints a new CEO to take over from Mr Paunrana. In a recent regulatory filing, Company Secretary, John…

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Kwesi Botchwey Committee report not credible – Volta Chief

General News of Thursday, 16 August 2018 Source: kasapafmonline.com 2018-08-16 Torgbui Adzinakle Howusu VII exchanging pleasantries with Alban Bagbin and others The Chief of Ho-Dome, Torgbui Adzinakle Howusu VII, has questioned the credibility of the Dr. Kwesi Botchwey report wondering if it indeed captured all the issues that led to the defeat of the National Democratic Congress (NDC) in the 2016 general elections. According to the traditional ruler, he found it so strange why Dr. Kwesi Botchwey-led Committee that was…

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New Zealand Passes Strict New Housing Law; Peter Thiel to Blame

Peter Thiel won’t be able to own homes in New Zealand anymore. Jim Watson/AFP?Getty Images Peter Thiel didn’t stop with shutting down Gawker. Now he’s screwing up entire countries. This week New Zealand banned foreigners from buying homes in the country as a way to tackle soaring real estate prices and rising homelessness. The Overseas Investment Amendment is meant to ensure that first-time buyers can get affordable housing. Officials hope the bill will deter rich foreigners from snatching up properties in…

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Tech and Vendor Updates; White Paper on Reasons for Margin Compression

Trillions of dollars of securities are tied to LIBOR, but the London Interbank Offered Rate is scheduled to be phased out at the end of 2021. Companies servicing adjustable rate mortgages tied to LIBOR are concerned, understandably, about the transition to another index. So far, the front runner substitute seems to be the Secured Overnight Financing Rate. Floating-rate bank bonds tied to SOFR could be brought to market within months. A name to watch: TD Securities. TD Bank has aided…

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