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SA must resolve labour unrest: Gordhan

first_img22 May 2013 The government, trade unions, business and civic leaders need to take bold steps to resolve unrest in South Africa’s mining sector to reduce the impact on the economy, Finance Minister Pravin Gordhan said in Cape Town on Tuesday. Opening a debate on the National Treasury budget vote in Parliament, Gordhan warned that unless a way was found to restore calm and confidence in South Africa’s mining sector, investment and jobs would be under threat. “The present uncertainty in the labour relations environment in mining and other sectors requires concerted action by organised labour, business, civic leaders and government,” the minister said.‘We are all in this together’ “There is no room for complacency here: we are all in this together. If we do not resolve our labour relations challenges, we will all be losers. We will see deteriorating confidence, job losses and business failures. “But if we find balanced, fair and socially responsible solutions, we all stand to gain: we will see higher investment, higher employment and improvements in living conditions.” Gordhan’s statement comes as the Commission for Conciliation Mediation and Arbitration (CCMA) is set to facilitate talks between the government, unions and Anglo American Platinum (Amplats) in a bid to mitigate the mining company’s planned restructuring.‘Focus on telling a positive story’ However, despite this and other challenges that posed a threat to the economy, Gordhan said South Africans should focus on telling a positive story instead of dwelling on the negatives about the country “It is time to construct a positive narrative, and to work together to implement it. There are many countries that have greater instability, but their economic narrative is extremely positive. South Africans want to focus only on the negative, and yet what is needed urgently is to focus on the positive.” Gordhan said that, to turn around the country’s fortunes, the government needed to focus on investing in infrastructure. He said this was how South Africa weathered the storm during the 2008-9 global financial crisis, with the Treasury managing to retain healthy public spending and a comparable low level of debt.Investing in infrastructure “Spending growth reinforced the social security net during a period of declining employment, and provided an economic stimulus through rising allocations towards infrastructure and programmes aimed at business support and increasing employment. “Going forward, the deficit level will moderate through a combination of revenue growth, in line with the economic recovery, and disciplined real growth in spending.” He said there was a need to enhance the economy’s capacity to finance long-term infrastructure investments and municipal capacity. “I am pleased to report that the corporate plan of the Development Bank of Southern Africa outlines a concerted effort to support basic and economic infrastructure development in South Africa and the region. “Government will, over the next three years, invest R827-billion in the building of new and the upgrading of existing infrastructure. These investments will improve access by South Africans to healthcare facilities, schools, water, sanitation, housing and electrification.” Source: SAnews.gov.zalast_img read more

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Ravena on joining PBA Draft: Only thing left to be done is pass application form

first_imgLATEST STORIES And should Kiefer make his decision final after the Fiba Asia in Lebanon and SEAG in Kuala Lumpur, he is about to put one over his dad again in the PBA Draft, with Bong selected fifth overall by San Miguel in 1992.Like the SEAG medal count, Kiefer’s old man will again have no chance to get even with him on this one.Sports Related Videospowered by AdSparcRead Next “If I can make the SEA Games team and we win, I would become the first player to win four gold medals in the event,” he said.He even named the man with whom he is tied with for the current record.“Kuya Rommel (Adducul) also won three,” Ravena went on. “I could win it four straight. And that’s a lot compared to the number that my dad won.”“He only has one,” Kiefer said with a laugh, referring to dad Bong Ravena’s 1991 championship, and the younger Ravena even pointed out that his old man’s only SEAG title came 20 years before he won the first of his three.Bong Ravena didn’t have the chance to win more as he turned pro the following year to win top rookie honors that season in the PBA after upsetting eventual all-time great Vergel Meneses.ADVERTISEMENT MOST READ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: 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 City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Trump strips away truth with hunky topless photo tweet Lacson: SEA Games fund put in foundation like ‘Napoles case’center_img Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant Don’t miss out on the latest news and information. “There are just some people who would need to know of my decision,” the former UAAP MVP with Ateneo added.Without a doubt the most decorated amateur in the land today, Ravena will definitely be the No. 1 pick when the rookie proceedings are held sometime in October – unless someone of greater skill and size comes along, which is quite hard to fathom at the moment while looking at the talent in the local collegiate leagues.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“When is the (Draft application) deadline, by the way?” he even asked with a smile.The 6-foot Ravena is dead set on playing at least two more international events before formalizing everything as he guns for a record no basketball player in the Philippines has ever held. Federer into 11th Wimbledon final, faces Cilic for title El Nido residents told to vacate beach homes View comments National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress Photo by Tristan Tamayo/INQUIRER.netTAIPEI – With the way he talked on Friday night, Kiefer Ravena is in his final tours of duty with Gilas Pilipinas – three tournaments at the most until the end of August – before he comes back as a National player later on as a professional.“As far as I’m concerned, the only thing left to be done is pass my application form for the (PBA) Draft,” Ravena said before Gilas practice as the Filipinos prepare to slug it out with title favorite Canada 150 at the start of the 39th Jones Cup Invitational in this thriving island.ADVERTISEMENTlast_img read more

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RIL seeking global partner for bridging urban-rural gap: Nita

first_imgIndian corporate giant Reliance Industries is seeking partnership with global players for a new venture aimed at bridging the gap between urban and rural India, Group Chief Mukesh Ambani’s wife Nita Ambani has said.Noting that India is capable of becoming a USD 30-40 trillion economy by 2040, Nita Ambani, Chairperson of RIL Group’s philanthropy arm Reliance Foundation, said that the milestone would make the country poverty-free.Delivering the Champben & Jamnadas Modi/K R Narayanan PhD Fellowship lecture at the London School of Economics in London on Friday  night, she elaborated on the Reliance Group’s plan to build bridges between the rural and urban India.”It will be a unique partnership of private, public and the citizen sector and we seek global partnership in this venture,” she said.”We all have a big dream for India. It has the potential to become a staggering USD 30 to 40 trillion economy by 2040 and when this dream comes true, India will be poverty-free,” Ambani noted.”This will be India’s third and real freedom, freedom from poverty. If 1947 was the first freedom, to my mind 1991 (rpt) 1991 was the 2nd freedom – economic freedom – freedom that unleashed our entrepreneurship to compete in the world.”She said the freedom from poverty is possible “if we energise our youth and build an economic system, and institutions that provide an opportunity to realise the full potential of our 1 billion plus people.”Remembering the time when she met Mukesh, she said: “In the late 1970s and early 80s when Mukesh and I met, India was considered a third world country. It has been fascinating to see the journey from third world country to the third most powerful country in the world.”advertisementThe topic of the lecture was “Towards an Indian Renaissance: Building Institutions of Excellence.”Noting that India’s advantages can be summarised as 3 Ds – Democracy, Diversity and Demographics, Nita Ambani, also chairperson of Dhirubhai Ambani International School and Sports JV IMG-Reliance, said the real explosion would happen when the 4th ‘D’ of discipline would get integrated.”Discipline will bind the country and align it in its pursuit to become a truly advanced economy.”After arriving here with Mukesh Ambani on Friday afternoon in their special chartered flight, Reliance I, the couple also attended a dinner hosted by Professor Lord Nicholas Stern, IG Patel Professor of Economics at the LSE.The dinner was attended by Britain’s Secretary of State for Business Dr Vince Cable, Lord Megnad Desai, Barry Gardiner, MP, and Manoj Ladwa, a leading solicitor.In her hour-long lecture, which was repeatedly applauded by the packed gathering, Ambani said “India is now changing and regaining its lustre and it is coming of age.”Describing the radical transformation, she said, “India’s economy is growing at a trail blazing rate of around 8 to 9 per cent annually and promises to do so for many years to come. We will soon be the fastest growing economy.”Neeta Ambani added, “Mukesh often talks about our right to win. India has now earned its right to win. People speculate that this century is Asia’s century and in my heart of heart I know India will lead the way.”It will not only lead the way but also be a shining example and show the path to the rest of the world. While the world is still reeling under the aftermath of the financial crisis, India has come out stronger and has demonstrated that financial innovations can not be done at the cost of the common man.”According to her, India knew a unique developmental model, which is different from the rest of the world.”India’s unique strength lies in its soft power – the soft power will be central to making it a super power.”Talking about her association with the businesses of Reliance Group, Nita Ambani said her role in building Jamnagar Refinery was to “make the development process people-centric, infuse a soul into the creation; my role was also to ensure excellence is ingrained in this asset that will serve India and its people for a long time.”She said her most important job was to create one of the biggest green belts standing in 1800 acres in Jamnagar where they planted over 2 million trees.”Part of the desert has now been transformed into Asia’s largest mango-growing orchard. Today the refinery is not only exporting petroleum products but also mangoes,” she said.She also referred to her role in transforming the Mumbai Indians, the IPL team led by Sachin Tendulkar, “greatest cricketer in the world”.advertisementShe said that the Group was now expanding its sports vision through IMG Reliance Joint Venture. “It is a world class initiative in sports development under which 29 most deserving young sports stars have been identified from across the country and they will be sent on a one-year scholarship to IMG academy in Florida.””This joint venture will build most advanced sport infrastructure in the country. Most importantly it will groom future champions of India.”With inputs from PTIlast_img read more

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Mythology redux

first_imgRam-Mat, a seminar cum dance presentation that explores range of perceptions on Ram and Ramatva that have now come to denote various qualities, some far removed from the virtuous embodiment which Rama had come to denote in earlier times. The presentation will also talk about The Veil, part of all cultures, where the concept of veiling is inseparable from its multiple related and unrelated expressions reconstructing symbols with great force. The show will be held on April 27 – 28  at Meghdoot theatre. The first day of the show will see a panel discussion on the subject of Ramatva by panelist like — Acharya Shrivatsa Goswami (Director, Caitanya Prema Samsthan), Ashok Vajpayi (poet, essayist, critic) and Mehru Jafer (author). Also Read – ‘Playing Jojo was emotionally exhausting’The discussion will be followed by dance performance by Padmashri Guru Shovana Narayan on  Kab Aogey Rama featuring new perception on three aspects from the Ramayana and which was first premiered in 1984.The second day will have panel on the subject of The Veil by Pavan K Varma, Rakshanda Jalil and Arshiya Sethi. Narayan will be presenting short emotional and evocative delineation of The Veil (a short story by Ismat Chugtai). When: April 27 – 28Where: Meghdoot Theatrelast_img read more

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Bus attacked with dozens of passengers two dead

first_imgTwo people including a bus driver died while five others were injured in a road accident on Yamuna Expressway on Tuesday. Police said that the victims met with the accident when a roadways bus, coming from Agra with dozens of passengers, hit an static oil tanker in Tappal area of Aligarh. According to police, the incident took place around five in the morning, a few kilometers away from Jewar Toll Plaza. Police identified the deceased as Arvind, the bus driver, and Vinod as one of the passengers. Arvind died on the spot while Vinod succumbed to injuries at Kailsah Hospital in Greater Noida.last_img read more

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