Gordhan said that he and Marcus had agreed that an ongoing assessment, discussion and commentary about the Reserve Bank’s monetary policy by analysts and those in the public, was constructive for the emergence of “social consensus” in this area in the long run. The government has no plans to fix the rand to a pre-determined exchange rate, Finance Minister Pravin Gordhan said in his maiden Budget speech in Parliament, Cape Town on Wednesday, adding that the Reserve Bank would continue to pursue an inflation target of between 3% and 6%. 17 February 2010 He pointed out that long-term measures to make the rand more competitive included ensuring a lower wage inflation, running lower budget deficits, building larger reserves and developing a “more flexible and dynamic economy”. “[South African Reserve Bank] Governor [Gill] Marcus and I have agreed that monetary policy should be conducted in a consistent and transparent manner within a flexible inflation targeting framework,” Gordhan said, adding that the Reserve Bank would take a more central role in ensuring financial stability. Stimulating investment Turning to the rand, Gordhan said: “We agreed that we need a stable and competitive real exchange rate, though in today’s world this cannot be translated into a straightforward fixed price of the rand.” The interest rate is currently at 7%, while CPI inflation declined from a peak of 13.6% in August 2008 to 6.3% in December last year, as petrol prices fell and food prices moderated. This in turn stimulates investment, employment and competitiveness, particularly among exporters and those industries relying on imports. “We have therefore agreed with the Reserve Bank that we will continue to take steps to counter the volatility of the exchange rate and to lean against the wind during periods of rapid capital inflows, including reserve accumulation and further exchange control reform.” While a low inflation rate can help guard the living standards of the poor, the government argues that a lower and stable rate of inflation reduces the long-term cost of borrowing and provides confidence about the future. ‘Stable, competitive, real exchange rate’ He said the government was concerned that rapid capital inflows that may be required to sustain investment spending have the unintended consequence of appreciating the currency. Source: BuaNews
Share Facebook Twitter Google + LinkedIn Pinterest Laura Akgerman, Disability Services Coordinator for Ohio AgrAbilityDoes your workload get lighter as the days get shorter and darker? Probably not. Animals still need fed and tended to, work needs to get done, and equipment needs fixed.A well-lit work space is important to ensure that you can work safely and effectively. Task lighting makes work safer and easier, allowing you to see your equipment and workspace. Task lighting can be portable, permanently attached, or you can even wear it.LED lights are one solution for lighting a poorly lit area, or upgrading older, expensive to use lights. Task lightingTask lighting is the lighting available in a workspace, or the area where a task will be performed. Poor lighting, such as only overhead lights, can cause shadows, and make work more difficult and dangerous by hiding sharp edges and other hazards. Inadequate lighting can cause eyestrain, blurred vision, dry and burning eyes, and headaches.Task Lighting safety practices (from Task Lighting, Fact Sheet, Jepsen & Suchy, 2015)Provide lighting with adjustable intensity to meet the needs for different tasksProvide portable lighting at the task location as appropriateKeep walls, ceilings and floors clean, and use lighter colors on them to reflect lightReplace and clean lights regularlyAllow enough time for the eyes to adapt from a well-lighted to a low-lighted area and vice versaUse filter to diffuse overhead lighting. Light Emitting Diodes (LEDs)LED lights are available in Edison base (screw in), spotlights, floodlights, linear tubes or light strips. LEDs come on instantly, and are excellent for task lighting. LEDs last for years, and become brighter in cold temperatures, making them ideal for use outdoors, in barns, or cold storage.LEDs use at least 75% less energy than halogen or incandescent, and at least 15% less energy than compact fluorescent bulbs, saving on electricity costs. LED lights do cost more than other types of lights, but their long life and lower energy costs make up for the higher price. The Minnesota Department of Commerce did a yearlong study on an all LED green house, and found that the LEDs saved 47% on energy costs, and would take only 2.2 years to pay for the cost of LED lights (and the lights will last much longer than 2.2 years).LED headlamps are ideal for wearing when you need a light, but don’t want to use a flashlight. The headset has elastic bands that allow you to wear it on your head, and the light beam is directed at whatever you are looking at, which makes it ideal for working on equipment, walking the dog at night, or walking/running outside after dark.Ohio AgrAbility used LED lighting in the milking parlor and barn of a dairy farmer who had lost some of his vision due to diabetes. He had a severely restricted field of vision, he couldn’t tell the difference between similar colors, and was rendered nearly blind by changes in light intensity. Before LED lights were installed, it was difficult for him to work with the cows, and he had to depend on his employees to do the bulk of the work. After LED lights were installed, the farmer was able to resume working, he could inspect the cows to be sure they were healthy, and could safely move throughout the barns and his property.For more information about LED lights, and examples of LED uses, please see the fact sheet from University of Wisconsin Cooperative Extension: Lighting Technology: LED lamps for home, farm and small business at learningstore.uwex.edu/assets/pdfs/a4050.pdf.For more information about task lighting, please see the fact sheet from Ohio State University Extension: Task Lighting at ohioline.osu.edu/factsheet/aex-79017.Laura Akgerman is the Ohio AgrAbility and Disability Services Coordinator for OSU Extension. She can be reached at 292-0622 or at [email protected] This column is provided by the OSU Department of Food, Agricultural and Biological Engineering, OSU Extension, Ohio Agricultural Research & Development Center, and the College of Food, Agricultural and Environmental Sciences.
Aaron Wan-Bissaka sees his future at Crystal Palaceby Paul Vegas10 months agoSend to a friendShare the loveAaron Wan-Bissaka insists he sees his future at Crystal Palace.Looking to the next challenge, away to league champions Manchester City, Wan-Bissaka is upbeat.“It’s the same as other games, it makes no difference to me. I just play my game, put the effort in and work hard. I know I’ll learn something from [playing versus Leroy Sane et al], to help me in the future. They’re smart players, we’ve got to be smart as well. We’ll look to gamble, as they look to take their chances.”Asked about 2019, Wan-Bissaka sees his future at Palace. “My aim is to keep my position, and to keep improving.” TagsTransfersAbout the authorPaul VegasShare the loveHave your say
Ex-Watford, Espanyol coach Sanchez Flores named coach of Shanghai Shenhuaby Paul Vegas10 months agoSend to a friendShare the loveFormer Watford and Espanyol manager Quique Sanchez Flores has been named coach of Chinese side Shanghai Shenhua.The Spaniard replaces Wu Jingui, who takes over as sporting director after steering Shenhua to victory in the Chinese FA Cup in 2017 Sanchez Flores has not worked since April, when he was dismissed by Spanish side Espanyol after almost two years at the helm.The former Real Madrid and Spain defender makes the move to China having also previously coached Watford in the Premier League, Benfica in Portugal and clubs in the United Arab Emirates. TagsTransfersAbout the authorPaul VegasShare the loveHave your say
Brighton striker Locadia: I never wanted to leaveby Ansser Sadiq10 months agoSend to a friendShare the loveBrighton striker Jurgen Locadia has insisted he never wanted to leave the club.Locadia was said to be unsettled earlier in the season.But he has returned to form, scoring his second goal in a week to help his side defeat Everton. The win kept Brighton in 13th in the table, with a six point gap to Crystal Palace, who are a position lower.The Dutch forward said after the win over Everton: “I never wanted to go on loan or be sold in January. That’s not my intention.”But I made it clear I want to play games and I talked with the gaffer also.”I think my place is here in Brighton. I know I have had a difficult time not playing games but I think I have shown the last two games I am worthy of being here.” TagsTransfersAbout the authorAnsser SadiqShare the loveHave your say
About the authorAnsser SadiqShare the loveHave your say Man Utd veteran Mata: I can never forget Liverpool victoryby Ansser Sadiq7 days agoSend to a friendShare the loveManchester United veteran Juan Mata admits he’s never forgotten the times they have beaten Liverpool.Mata has now been at United for the better part of his career, which has involved many games against their arch rivals.And while they have endured disappointment in those years, they have also known great joy against Liverpool.One of those occasions for United fans was the game against the Reds in 2015, when Mata scored two goals and propelled them to a famous win at Anfield under then manager Louis Van Gaal.Mata told the Manchester Evening News: “If you speak with United fans they remember always the Liverpool-United games and I was lucky to win that game [in 2015] and score the two goals. “But specifically that goal [scissor kick]. “And whether I want it or not, I cannot forget that day! Because it’s very special for me.”
LSU landed its fifth commitment in the last five days Tuesday afternoon in three-star offensive tackle Shaahdiq Charles, who announced his decision on Twitter. With Charles’ pledge, the Tigers jumped Alabama and Miami on its way to the No. 3 recruiting class in the country – and No. 1 in the SEC – according to 247 Sports.LSU has always recruited well, so this momentum comes as no surprise. But the 2017 recruiting cycle is far from over. A lot can change before next February.
Kenneth JacksonAPTN NewsThe Peters band council in British Columbia sought legal advice on what to call bonuses and “reasonable” amounts without getting into trouble with the federal government months after receiving over $2.5 million from Kinder Morgan.“I’m just wondering if you’ve come up with any wording for us RE: ‘bonus’ and amounts etc,” wrote former Peters First Nation councillor Leanne Peters in an email to the band’s lawyer May 5, 2016.Leanne Peters, who is now a staff member for the band, was following up on what appears to have been a phone call with their former lawyer Maya Stano of Gowling WLG in Vancouver based on another email.The emails were obtained by APTN News in an ongoing investigation into Peters, which is under an RCMP investigation and KPMG is also conducting a financial review based on allegations of misappropriation of funds. The KPMG review recently received an extension as a draft report was due July 31. In depth: APTN opens the books on Peters reserve, finds questionable payments, INAC’s role in questionSee also: INAC launches financial review of B.C. First Nation, while RCMP continues investigationBoth the RCMP and KPMG have copies of the emails.APTN is quoting the emails as they were written.“Hi I spoke to Maya she said she is glad I asked her there was a band in the lower mainland who got into trouble with giving themselves so much money and them calling it a bonus etc.,” wrote Leanne Peters May 3, 2016 to Chief Norma Webb, Coun. Victoria Peters and staff members.“She asked if she could get back to us on Thursday, I said that was fine as as is very busy the next two days. She will let us know what we should call it and give us amounts that are reasonable …”Stano wrote Peters council May 6, 2016 saying “it’s a bit of a tricky area with conflict of interest concerns arising, as well as how the fiduciary duties that council owes to the band come into play” and said she would need to get to back to council to give her “best advice.”“Recent case law makes this something we need to make sure we get absolutely right,” wrote Stano from her iPhone according to the email.APTN was not able to obtain any further emails on the matter and wrote Stano asking if she counselled Peters on how to give themselves money without getting into trouble.Stano did not respond, but the CEO of the Gowling WLG did a couple days later.“Gowling WLG has not advised the Chief and Council to authorize bonus payments to themselves, nor to disguise any such payments, whether in the form of meeting per diem/Honoria or otherwise,” wrote Peter Lukasiewicz.Lukasiewicz said Gowling also did not provide any advice to administration or staff.Stano was one of the lawyers Peters had during its negotiation with Kinder Morgan over the expansion of Trans Mountain pipeline.Peters signed what’s known as a Mutual Benefits Agreement with Kinder Morgan in January 2016 to allow the company to put a second pipeline through its territory.The deal is worth millions of dollars over the next 20 years.Related: Promise to dying mother sees daughter take on ‘rigged’ band council to bring her family homeAs of April 2016, Peters had $985,000 in a separate bank account, known as its Kinder Morgan account, according to bank statements obtained by APTN.Records show $200,000 was transferred from the Kinder Morgan account to its main bank account June 28, 2016.Peters council has refused to answer questions from APTN.Peters First Nation is a reserve of 12 homes about two hours east of Vancouver along the TransCanada [email protected]
Manchester United boss Jose Mourinho aimed a jibe at Premier League chief Richard Scudamore following his side’s 2-1 victory over Leicester CityCaptain Pogba converted from the spot inside the first five minutes while Luke Shaw netted his first goal for United to increase the lead for Mourinho’s men.However, Jamie Vardy’s goal in added time created a tense ending in what was an overall lackluster display from the Red Devils.Mourinho didn’t hide his emotions and wasted no time to lambast Scudamore over the Premier League schedule.“Mr Scudamore must be happy, it’s a good way to start the Premier League,” Mourinho told Sky Sports.Jose Mourinho is sold on Lampard succeeding ar Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…“A good match. A match where I needed six changes not three. I want to play Martial but I can’t, Paul Pogba can’t play 90, Fred the same. I need more changes.“It was not easy to manage the game from the touchline. But I told the players we had good periods, lots of glimpses of the type of football we wanted to play. Leicester were strong in periods but we coped with that as a team.“The team played as a team. In the second half, I had Andreas Pereira and Fred with a yellow card, Paul was fantastic his contribution was amazing but the fuel was disappearing. We were in trouble.“Martial in the last 20 minutes could have given us the second goal but I couldn’t make that change. The players gave everything, they gave what they had. Everybody did that.”