first_imgThe Johannesburg skyline. South Africa leads the African continent in the second annual Legatum Prosperity Index. (Image: Chris Kirchhoff, MediaClub SouthAfrica. For more free photos, visit the image library)Janine ErasmusSouth Africa is the leading African country on this year’s Legatum Prosperity Index, which analyses countries around the globe for their effectiveness in creating a climate conducive to prosperity. More than 100 countries came under scrutiny, including 19 from Africa. Rankings are based on 22 key indicators and 44 sub-indicators.The Legatum Prosperity Index goes beyond GDP as a measure of national prosperity. It investigates and gives details of personal and policy choices that can increase the prosperity of individuals and nations around the globe – here the definition of prosperity encompasses both material wealth and quality of life.The index is produced by the Legatum Institute, an independent policy, advocacy and advisory organisation within the Legatum investment group of companies, whose mission is to research and promote the principles that drive global prosperity. This is so that policymakers, individuals, academics, the media, and other relevant parties can better understand how prosperity is created and so implement steps towards its attainment.Legatum derives its rankings based on the prevalence of conditions that foster prosperity in a given country – those factors that promote economic competitiveness and a better quality of life. These are known as drivers, compared to restrainers, which retard prosperity. Importantly, rankings do not indicate the actual prosperity of a country, but rather how effectively it is cultivating the practices that create prosperity.Conclusions are drawn from statistical analysis of more than 40 years of data in fields such as sociology, economics and political science, as well as theory, experience and lessons learned from history, and life satisfaction survey data for the 104 countries.South Africa leads the African continent in terms of drivers of economic and personal growth and wellbeing, followed by Botswana (45) and Namibia (55). These are also the only three African countries not ranked in the bottom quartile, an indication that the continent still faces many challenges. Coming in at number 38 out of 104, South Africa shares its slot with Costa Rica and Poland.Botswana was described as well-governed and in spite of severely high levels of HIV infection, has achieved one of the world’s fastest rates of income growth, while Namibia was found to have no obvious weaknesses and one major strength, equality of opportunity.Australia took the top spot, with Austria and Finland close behind. Yemen is last on the list, just ahead of Central African Republic, Mali and Zambia. These countries’ unfavourable ranking, and others low down the order, is due mainly to extreme poverty while there are some, such as Zimbabwe, that are affected by political instability. This hampers capital investment and consequently accumulation of wealth. Other factors include poor governance, low average life expectation, and high dependence on foreign aid.Legatum’s senior vice-president Dr. William Inboden said, “True prosperity consists of more than money. It also includes happiness, health, and liberty. The prosperity index shows that in addition to economic success, a society’s prosperity is based on strong families and communities, political and religious liberty, education and opportunity, and a healthy environment.”Africa’s biggest economySouth Africa, Africa’s biggest economy, achieved a ranking of 41 in economic competitiveness and 43 in comparative liveability. On the economic side the country scored particularly highly on entrepreneurship, because of the improved ease of starting a business. It also scored highly on religious life in the liveability category, indicating that South Africans enjoy high levels of both religious faith and religious freedom.South Africa’s other strengths were in the area of education, with a population that is relatively well-educated compared to most other African countries. With its abundance of natural resources South Africa has also managed to avoid excessive dependence on revenue derived from export of commodities, as these account for just 4.1% of GDP.A few weaknesses were identified, such as below-par commercialisation of innovation for an economy of this size – at 0.5% of GDP this is less than average. Legatum felt that the low number of R&D researchers is a possible reflection that highly-skilled professionals are at a premium, but noted that the high number of patents is positive. South Africa is known worldwide for its many ingenious inventions, such as the pool-cleaning Kreepy Krauly and the electronic device widely used during cricket and tennis games to measure the speed of the moving ball.With regard to liveability, South Africa has benefited from a stable political environment over the past 14 years, and political rights and civil liberties are upheld. However, income levels are still low and unemployment is high. Legatum cited public health as the country’s biggest challenge, especially in the fight against HIV and Aids.Besides religion, another factor that contributed positively to South Africa’s liveability score is the 30% proportion of women in parliament, which indicates an important role for women in society.Weighted indicatorsSeveral new indicators were introduced for the second index. These include the number of regional trade agreements signed, which is regarded as a driver of economic growth, as well as business ownership rate which is an indicator of entrepreneurship, and net migration, which links to levels of income and life satisfaction.To ensure fairness, Legatum used different key drivers according to a country’s level of development. For emerging countries with average incomes of less than $10 000 per annum per person, raising incomes is a priority because it is the single strongest indicator of how content the population will be. Therefore indicators such as levels of education, commercialisation of innovation and costs of starting a business were more relevant.The index did find, however, that many poorer countries, particularly in Africa, have high levels of wellbeing because of traditional social support through religion and the community. This compensates, to a degree, for a lower standard of living. Higher levels of optimism were also evident in these countries – many people believe that by working hard they will forge ahead in life.For countries with per capita income of more than $20 000, continued economic growth is a focus and here the drivers include entrepreneurship, invested capital and commercialisation of innovation.In richer countries, a key element of continued prosperity and quality of life is the move beyond material wealth and into other areas which improve life satisfaction. Drivers here include charitable giving, political rights and civil liberties, equality of opportunity, and good health.Do you have queries or comments about this article? Email Janine Erasmus at janinee@mediaclubsouthafrica.com.Related storiesSouth African inventionsSouth Africa’s economyDoing business easier in SAUseful linksLegatum InstituteLegatum Prosperity Indexlast_img read more


first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Chelsea striker Batshuayi on brink of sealing Monaco moveby Paul Vegas9 months agoSend to a friendShare the loveChelsea striker Michy Batshuayi is close to sealing a move to AS Monaco.Chelsea are now in ‘advanced talks’ to loan Batshuayi to Monaco.The striker has been ditched by Valencia after a dismal first half to the season.But Thierry Henry is a fan and believes he can get goals from the Belgian, to fire his struggling side to safety.And a deal is now close. last_img read more


first_imgFred Hoiberg dances in new Infiniti comemrcial.YouTubeWith the elimination of the Chicago Bulls from the NBA Playoffs, all signs point to the franchise parting ways with head coach Tom Thibodeau. Who will take over the historic franchise if the job opens up as expected? According to Yahoo Sports’ NBA insider Adrian Wojnarowski, Iowa State head coach Fred Hoiberg is the only coach on the Bulls’ list.“The job will be Fred Hoiberg’s if he wants it,” Wojnarowski said. “There’s not going to be any competition for him. Now, it’s conceivable that Fred Hoiberg decides to stay at Iowa State, but if they make a change and Tom Thibodeau is out, Fred Hoiberg is really the only candidate for this job from the Bulls perspective. But that doesn’t guarantee that he’s going to do it. I know he’s already had to give it thought because it’s real.The full interview with Wojnarowski is available at CBS Chicago.Last week, Iowa State athletic director Jamie Pollard admitted that the NBA is likely in Hoiberg’s future.Jamie Pollard on Hoiberg/NBA rumors: “He has always said from Day 1 that his lifelong goal has been to coach in the NBA…” (1/2)— Travis Hines (@TravisHines21) May 12, 2015Pollard: “…It’s for him to decide when that part of his life he wants to activate.” (2/2)— Travis Hines (@TravisHines21) May 12, 2015I asked Jamie Pollard if he expected Fred Hoiberg to be his men’s basketball coach on Aug. 1: “I hope so.”— Travis Hines (@TravisHines21) May 12, 2015 Will the chance to coach Derrick Rose, Jimmy Butler, and Joakim Noah lead him out of Ames? We’ll probably find out pretty soon.[CBS Chicago]last_img read more


first_imgTORONTO — Councillors in Toronto are set to debate whether to allow retail pot shops in Canada’s largest city.City staff recommend that councillors allow privately run cannabis stores to operate in Toronto, saying it would “would have the unintended consequence of encouraging the illegal market.”The issue is on the agenda for today’s council meeting, a day after councillors in two neighbouring municipalities voted against having pot shops within their boundaries.Councillors in Mississauga and Markham voted Wednesday to opt out of hosting privately operated retail cannabis stores, which are expected to open across Ontario next spring.Mississauga Mayor Bonnie Crombie and Markham’s Frank Scarpitti both said there are too many unanswered questions.However, Toronto Mayor John Tory says he plans to move a motion to allow pot shops — while acknowledging he’s not satisfied with the way things are now.“To me, the option of saying there aren’t going to be any in Toronto leaves us in the situation we’re in now, where we have a lot of illegal pot shops,” Tory told local TV station CP24 on Wednesday night.“And I don’t think we want this left in the hands of what amounts to organized crime.”The Canadian Presslast_img read more


first_imgEvents are free except for the Paint Night to cover fees for the supplies.“This is a celebration and everybody is welcome to attend and enjoy themselves,” said Trudeau TUMBLER RIDGE, B.C.- Is home to the week-long celebration of winter, there are planned daily events that offer something for everybody to do.The Winter Carnival is an initiative by Council that was created after the 2010 Olympics, since that time this event is greatly appreciated and welcomed by the community. With Tumbler Ridge being a Northern community and surrounded by recreation, Council wanted to continue the event every year shared Roxanne Trudeau, Coordinator of Programming District of Tumbler Ridge.The week-long event starts on January 21st, 2019 and runs through until January 26th, 2019, by involving local non-profit groups and other groups from the community to help run the events. last_img read more


first_imgNew Delhi: Citing the Pulwama terror attack, President Ram Nath Kovind Tuesday praised the valour and sacrifice of security forces in protecting the country and its citizens.Forces such as the Central Reserve Police Force (CRPF) have been playing a pivotal role in checking separatism and terrorism in Jammu and Kashmir, he said. “The valour and bravery with which CRPF personnel faced the terrorists, who attacked the Parliament (in 2001), have become part of the legend of the country’s security forces. “CPRF personnel have played an appreciable role in checking separatism and terrorism in Jammu and Kashmir,” he said during a remembrance service at the National Police Memorial here. Also Read – Uddhav bats for ‘Sena CM’The service marks the annual ‘Valour Day’ of the CRPF which remembers the gallant fight back by its personnel at the Sardar post in Gujarat’s Rann of Kutch against Pakistani troop on this day in 1965. The president paid tributes to police and paramilitary personnel killed in the line of duty, including the 40 CRPF jawans who lost their lives in the February 14 Pulwama terror attack. He laid a wreath at the memorial, a 30-foot-tall and 238-tonne black granite structure, which was unveiled by Prime Minister Narendra Modi on October 21 last year on police commemoration day. Also Read – Farooq demands unconditional release of all detainees in J&KKovind said a pall of gloom had descended on the country after the Pulwama attack.”People queued up to pay their respect to their (the CRPF personnel) sacrifice. I on behalf of the whole nation paid my deepest respect in remembrance of those brave hearts,” he said. Police personnel have always been alert and active to ensure the safety of the people, and have shown extraordinary commitment towards the nation, he said. This is for the first time that the president has visited the memorial located at Chanakyapuri here. Kovind, the supreme commander of the armed forces, was accorded a “national salute” and presented a guard of honour by a joint column of troops from all the Central Armed Police Forces (CAPFs) such as the CRPF, BSF, ITBP, CISF and SSB. Union Home Secretary Rajiv Gauba; Director of the Intelligence Bureau, Rajiv Jain; Director of CRPF, Rajeev Rai Bhatnagar; and other officials from paramilitary forces, police and the Union Home Ministry attended the event. In 1965, CRPF troops were posted on border-guarding duties and the Sardar post event is mentioned as a glorious chapter in the country’s military history when only two companies (about 150 personnel) of the force stood their ground and repulsed a Pakistani brigade attack.last_img read more


first_imgTaipei: Two US warships sailed through the Taiwan Strait over the weekend, Taiwan’s defense ministry said Monday, in a move that Beijing said threatened to hinder US-China relations. The ministry said the ships made the passage on Sunday, sailing from south to north through the waterway that divides the self-governing island from mainland China. Beijing frequently objects to the movement of foreign military vessels in the strait based on its claim to Taiwan as its own territory, to be annexed by force if necessary. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: ReportTaiwan’s defense ministry said US ships were free to sail through the Taiwan Strait as part of their “strategic Indo-Pacific tasks.” Despite the lack of formal diplomatic ties, the US is a key ally of Taiwan and provider of defensive weapons. China has been increasingly willing to protest actions by foreign militaries in areas it considers its home waters or sphere of influence. That especially applies to the Taiwan Strait and South China Sea, which China claims almost in its entirety. Chinese foreign ministry spokesman Geng Shuang said Monday that China has expressed concern to the US about the warships. The US should handle Taiwan-related issues “prudently” in order to avoid negatively impacting its relationship with China, Geng said, adding that “the Taiwan issue is the most important and sensitive issue in Sino-US relations.”last_img read more


first_imgFormer Manchester United goalkeeper Peter Schmeichel believes that Liverpool’s Alisson Becker must not “compromise his style”The Brazil international was signed by Liverpool this summer for a then world-record transfer fee of £67m for a goalkeeper from AS Roma.After keeping three clean sheets in his opening Premier League games, Allison was at fault for Leicester’s goal in Saturday’s 2-1 win for the Reds.The 25-year-old unsuccessfully tried to dribble past Kelechi Iheanacho, who then set-up Rachid Ghezzal to bring Leicester back into the game.But Schmeichel believes that the worst thing that Alisson can do now is changing the way he plays.“This is a new style,” he said on Sky Sports.“It’s what teams and managers are looking for. Someone who is very comfortable with their feet and can pass the ball even in tight areas.“You lose the ball every now and then. Every single player does that, no matter where they are on the pitch.“The worst thing he can do is compromise his style. Stay with it, be comfortable with it, that’s his way of playing.”Cristiano Ronaldo, Nemanja Vidic, Manchester UnitedVidic: “Ronaldo is the most professional footballer I’ve seen” Andrew Smyth – September 14, 2019 Nemanja Vidic opened up on how a 21-year-old Cristiano Ronaldo’s professionalism left him stunned at Manchester United.The Denmark legend believes that the upcoming months will be critical now for Alisson.“The next few months he will be under pressure. The media will be scrutinising every little thing he is doing,” continued Schmeichel.“How is he reacting to that? Can he still go out and play at this very high level? That is the art of goalkeeping. That you have that ability.“When he made the mistake, the camera was on him a few times, he looked worried. It was playing on his mind. He needs to work on that. It’s the only way you can survive.”The 54-year-old compared Alisson to former Liverpool goalkeeper Bruce Grobbelaar, who played for the club between 1980 and 1994 while making 628 appearances in the process.“When Liverpool were the most successful team in England and Europe they had a very entertaining goalkeeper,” said Schmeichel.“Grobbelaar was that kind of guy. He would be incredible for many, many games then come out for a cross he should not have come out for, and they concede a goal.“But the team knew that. They lived for that. It wasn’t a problem. He never changed and that, beyond anything, is the most important thing.”last_img read more


first_img Barbados Prime Minister speaks to country ahead of Tropical Storm Dorian; said country is preparing for 6-12 feet storm surge Related Items:barbados, butch stewart, scandals resort international Multi-millionaire Barbados businessmen arrested in $3m drug bust, yacht suspected in drug trafficking Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 20 Jul 2015 – Butch Stewart, Chairman of Sandals Resorts International is leading a media fam-trip and tour of his ‘luxury included’ properties in the Eastern Caribbean. With a flight from Provo to Barbados; Barbados to Grenada and then Grenada to St. Lucia local media and hotel professionals are invited on the trip which will showcase recently purchased and renovated escapes under the Sandals brand and some of the destinations within which they are nestled. Magnetic Media is among those tagging along… look for our photos, listen for our radio reports or catch our TV news stories – online, right here on News Break or One Caribbean Television. We’re also on Facebook, tweeting at Twitter, posting on Instagram, linking you to the latest news stories on LinkedIn and at our YouTube channel: Magnetic MediaTV and even on iTunes. Visit MagneticMediaTV.com and chose your favorite way to stay informed! Recommended for you Stinky sargassum blamed for marine disaster; dolphins, flying fish and turtles trapped Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more


first_imgThe Reserve Bank of India (RBI) on Friday fixed the reference rate for the US dollar at 50.0150 rupees and the euro 66.1776 rupees.The corresponding rates of dollar and euro for the previous day (March 7, 2012) were 50.5733 rupees and 66.4959 rupees respectively.Based on the reference rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of British pound as against the rupee is 79.0087 as against 79.5670 on the previous day (March 7, 2012) and that of Japanese yen is 61.31 as against 62.63 the previous day.last_img read more