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The Delamere International Newsletter ©

Edition of 1 March 2014 # 253

This Newsletter is published as a Free Service to all clients of Delamere-Pennine Associates, International Business & Marketing Consultants.

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This Month's Sponsor
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Network for Expatriates

The Delamere Group is promoting InterNations, which is the largest international online social network for expatriates with more than 600,000 members worldwide. InterNations offers expatriates a trusted network to find and get to know fellow expatriates at prestigious events and activities in their city of residence and provides a place to exchange and receive trustworthy information and insider tips on all expat-related topics. Visit our site.

 

IN THIS ISSUE

  1. Business: Bad Move by Ghana in Africa on Currency Control?
  2. Business: Corruption in Kenya
  3. Business: Finance for Small Business in South Africa
  4. Business: French Wine Trade
  5. Business: Future of the Euro
  6. Business: Looking for Premises in Future Development in the JoBurg Area of South Africa
  7. Business: South African Rand Plunges Along With Other Currencies
  8. Business: Unemployment in South Africa Improves
  9. Business: What is the Future of South Africa?
  10. Education & Environment: Save These Creatures of Africa
  11. Education: History of England and World War One
  12. Education: Serious Issues Face South African Education System
  13. Education: Stem Cell Research
  14. Education & Business: Predicting the Future
  15. Education & History: Horrors of the First World War
  16. Immigration: Asylum Seekers to South Africa
  17. Immigration: Canadian Visa to be Scrapped
  18. Real Estate: London Property Market
  19. Travel & Business: Future of South African Airways
  20. Travel: Visit Lower Slaughter Manor, Gloucestershire, England

 

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1. Business: Bad Move by Ghana in Africa on Currency Control?
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Has the bubble burst for Ghana, a long-time darling of emerging-market investors with its political stability, high growth rates and apparent prudent economic management? It’s a question companies are starting to ask themselves as the country lurches into a situation reminiscent of the 1970s. The introduction of strict foreign exchange controls last week is a very controversial move. It has sparked concern among local and foreign investors, who anticipate a tougher operating environment.  To read the full report, go to our NEWS DESK link. (bdlive)

 

Editor’s Note:  Visit our web site in Ghana.

 

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2. Business: Corruption in Kenya
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Time is up for officers who have made corruption a way of life in conducting Government business, President Uhuru Kenyatta has warned. The President said public officers at all levels must focus on service delivery instead of cutting deals if they wished to keep their jobs. “In my office, there are people who think that it is a house for making money. We must agree it has to come to an end,” the President warned. To read the full report, go to our NEWS DESK link.

 

Editor’s Note:  Visit our web page on Kenya.

 

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3. Business: Finance for Small Business in South Africa
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IFC, a member of the World Bank Group, today announced financing of a securitisation program with Mercantile Bank for equipment rental contracts. The landmark transaction is the first of its kind in the sector for IFC in Sub-Saharan Africa. Rental asset finance allows businesses to rent the equipment they need to operate, rather than purchasing the equipment and tying up capital. The contracts originate from Custom Capital, a rental finance company, majority owned by Mercantile Bank, and targets mostly small and medium sized enterprises. Custom Capital until now has relied on Mercantile Bank to provide funding for growth. The securitisation program will help it access South African capital markets and long-term cost-effective funding through a source matched to its underlying assets. To read the full report, go to our NEWS DESK link.

 

Editor’s Note:  Visit our web page on South Africa.

 

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4. Business: French Wine Trade
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According to the French wine trade body FEVS (Féderation des Exportateurs de Vins & Spiritueux) in a story reported by the British Wine magazine Decanter, French wine exports in 2013 were down by 3.1% in volume.  To read the full report, go to our NEWS DESK link.


Editor’s Note:  Visit our web page on the best wines in the world.

 

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5. Business: Future of the Euro
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One of our regular readers asked if we could recommend any reliable sources of information about the Euro  (EU) and its future, especially in view of the deteriorating state of affairs in Greece, Spain, Italy, plus other vulnerable countries.  One excellent source is the article by Nouriel Roubini  in the International Herald Newspaper. To read the full report, go to our NEWS DESK link.

 

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6. Business: Looking for Premises in Future Development in the JoBurg Area of South Africa
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The Mall of Africa is envisaged as a unique retail experience that will form the key development in what is to become the most sought after urban framework to the northern region of the central Gauteng area, known as Waterfall City. The shopping centre is to be situated at the heart of Waterfall City and will offer approximately 116 000 m² of retail leasable area which will make the mall the largest to be constructed in the country in a single phase. The development will act as the central hub for a range of future mixed uses including retail, offices, conference and recreational amenities, residential and town centre parking.  To read more, visit our NEWS DESK link.

Editor’s Note:  If you require assistance in obtaining information or lease conditions to this excellent investment, please contact our office in Los Angeles.



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7. Business: South African Rand Plunges Along With Other Currencies
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Last Friday, a report on a slowdown in manufacturing in China and the expectation of monetary policy tightening in the U.S. unleashed capital flight and consequent falls in the markets and currencies of most emerging markets. The currencies of healthier emerging economies were challenged, mainly because some of them export commodities to China.  Such was the case of the South African rand, the Peruvian sol and the Chilean peso. To read the full report, go to our NEWS DESK link. (Hispanic News-Our Partner in California)



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8. Business: Unemployment in South Africa Improves
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Unemployment Rate in South Africa decreased to 24.10 percent in the fourth quarter of 2013 from 24.50 percent in the third quarter of 2013. Unemployment Rate in South Africa is reported by the Statistics South Africa, to read the full report, go to our NEWS DESK link.

 

Editor’s Note:  Visit our web page on South Africa

 

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9. Business: What is the Future of South Africa?
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One of our regular readers sent this article and requested we include it in our monthly Newsletter.  In view of our many readers who reside in South Africa and also the many expats who are considering returning to their home, we decided that this opinion is well worth reading. To read the full letter, go to our NEWS DESK link.

 

Editor’s Note:  Also don’t forget to read the variety of comments from readers at the foot of the letter. Some of our loyal readers will agree, and others will strongly disagree, as a one member of our senior staff at our Head Office in Salt Lake City did.

 

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10. Education & Environment: Save These Creatures of Africa
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Prince of Wales and the Duke of Cambridge record a video as part of their mission to save elephants, rhino and other animals from extinction.  To read the dialogue and see the video clip, visit our NEWS DESK link. The Delamere Group is 100 % behind this initiative.

 

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11. Education: History of England and World War One
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The original Telegraph Newspaper editions, are republished day by day. Every day from now until the end of 2018 we will be republishing in PDF format the full original edition of The Daily Telegraph of 100 years ago. The archive will grow into a fascinating record of how the First World War was reported, but the accounts of life on the home front - and of a world that was vanishing are just as gripping. To read the full report, go to our NEWS DESK link.

 

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12. Education: Serious Issues Face South African Education System
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NSFAS notes with concern the issues raised by the South African Students Congress (SASCO) in its statement issued on 26 January, 2014 “SASCO is extremely infuriated at the various blockages to our tertiary institutions”. We acknowledge the frustration faced by many students who cannot access student financial aid due to the limited availability of funds. The mandate of NSFAS is to provide loans and bursaries to students from poor and working class households who need financial assistance to pay for tuition and residence fees, books and travel to and from campus. “Even though our budget has increased dramatically from R3,1 billion in 2009 to R8,3 in 2013, this is still not enough to keep pace with the number of students who need assistance to attend college or university. The shortage of funds for all eligible students at universities last year was R2,6 billion”, said Mr Msulwa Daca, Executive Officer of NSFAS. “Our 2014 budget will be over R9 billion for more than 430 000 students at all 25 public universities and 50 public FET colleges. The rise in tuition and other fees, which is decided by each university, causes further problems in a context where funds are limited."  To read the full report, go to our NEWS DESK link.


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13. Education: Stem Cell Research
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A group of researchers, primarily in Japan, said that they have succeeded in creating mice stem cells using a process that is simpler and faster than making induced pluripotent stem cells. To read the full report, go to our NEWS DESK link.



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14. Education & Business: Predicting the Future
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A scientist predicts, "When making predictions, I have two criteria: the laws of physics must be obeyed and prototypes must exist that demonstrate “proof of principle." I’ve interviewed more than 300 of the world’s top scientists, and many allowed me into laboratories where they are inventing the future. Their accomplishments and dreams are eye-opening. From my conversations with them, here’s a glimpse of what to expect in the coming decades." To read the full report, go to our NEWS DESK link.

 

Editor’s Note:  Don’t forget to visit our Education site.

 

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15. Education & History: Horrors of the First World War
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The University of Leeds in Yorkshire, England, is home to a collection of letters, diaries, medals and artifacts that tell the story of the First World War through the lives of those who witnessed it. Of all those who survived the horrors of the First World War, Private J V Salisbury had more reason than most to thank the Lord for his salvation. To read the full report, go to our NEWS DESK link. (Yorkshire Post)




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16. Immigration: Asylum Seekers to South Africa
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Immigrants to South Africa have a torrid time. About 60 000 to 80 000 people apply for asylum in South Africa every year. Even for those asylum seekers who will continue to be processed in Cape Town, the conditions of the temporary refugee centre on the Foreshore are filthy. Applicants have to wait in long queues from early in the morning. If they are too far back in the queue they will often not be seen, and then have to go back another day. To read the full report, go to our NEWS DESK link.

 

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17. Immigration: Canadian Visa to be Scrapped
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Canada is killing a decades-old investor program that had allowed scores of wealthy Chinese to move to the country over the years. The program allowed rich foreign investors to apply for permanent residency in Canada if they had a minimum net worth of 1.6 million Canadian dollars ($US 1.5 million) and invested 800,000 Canadian dollars in the form of a multi-year, interest-free loan to the government. To read the full report, go to our NEWS DESK link.(CNN)

 

Editor’s Note:  Visit our web page on Canada.



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18. Real Estate: London Property Market
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The North London street, where billionaires can buy homes, never live in them, let them rot and still make millions. To read the full report, go to our NEWS DESK link.

 

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19. Travel & Business: Future of South African Airways
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Public Enterprises Minister of South Africa Malusi Gigaba has tacitly admitted that R16bn of taxpayers’ money was wasted on turnaround strategies for South African Airways (SAA), which were bungled because successive ANC governments chose the wrong people to implement them. SAA has launched eight recovery schemes in the past 13 years. All have failed, and the national airline has required regular injections of cash from the government (taxpayers) to keep it going.  To read the full report, go to our NEWS DESK link.



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20. Travel: Visit Lower Slaughter Manor, Gloucestershire, England
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Lower Slaughter Manor is picture-perfect, set in what is regarded as Gloucestershire’s prettiest village; this incredibly beautiful manor is quintessentially English. It has that classic country-house chic at its best; burnished antique furniture, beautiful paintings and soft sofas that demand to be sat on. In one room the décor is a deluge of crystals, in another a sea of cushions. Guestrooms are personal bolt holes of immense style – no chintz but rather bold contemporary design meeting 17th-century grandeur. Their seductive tone makes them perfect for the relaxing in-room beauty treatments.  Visit this site.  (Courtesy of our associate site, VintageShopper.com)

 

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Photo of the Month
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What does the universe look like on small scales? Or on large scales? See this exciting interactive view of The Scale of the Universe. Click here and also enjoy the inspiring music.

 

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This month's quote

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“To laugh often and much; to win the respect of intelligent people and the affection of children...to leave the world a better place...to know even one life has breathed easier because you have lived. This is to have succeeded.” ~ Ralph Waldo Emerson (1803-1882) American Poet and Essayist

 

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Book of the Month
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Never Let a Serious Crisis Go to Waste” ~ by Philip Mirowski

At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. And yet, in the harsh light of a new day, we've awoken to a second nightmare more ghastly than the first: a political class still blaming government intervention, a global drive for austerity, stagflation, and an international sovereign debt crisis. Philip Mirowski finds an apt comparison to this situation in classic studies of cognitive dissonance. He concludes that neoliberal thought has become so pervasive that any countervailing evidence serves only to further convince disciples of its ultimate truth. Once neoliberalism became a Theory of Everything, providing a revolutionary account of self, knowledge, information, markets, and government, it could no longer be falsified by anything as trifling as data from the “real” economy.  Visit the Delamere International Bookshop.

 

 

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