SA banks outperform global peers

first_img As part of its report, PricewaterhouseCoopers looked at South Africa as a gateway to the rest of Africa. “As growth and investment in Africa continue to accelerate, South Africa offers a portal through which companies from Asia, South America and the Middle East can tap into opportunities across the continent and African companies can reach out to other parts of SAAAME (South America, Africa, Asia and the Middle East),” the report said. “With growth of more than 5% a year over the past decade, a population of over 800-million and total purchasing power over US$1.9-trillion, Africa is emerging as one of the most attractive frontiers for growth.” South Africa’s financial institutions, in particular, offer a gateway, as the country’s banking sector accounts for more than 40% of Africa’s assets and the insurance sector comprises more than 70% of the continent’s premiums. This allows these institutions to provide trade finance and support for companies looking to invest in Africa, the report said. SAinfo reporter This performance came against the backdrop of the global economic crisis and financial instability. “While there are some headwinds in the domestic economy and significant uncertainties from Europe, [South Africa’s] banks continue to demonstrate that they have the capability to manage and adapt,” the report said. To build on this success, the report said it is necessary to respond to changes in customer expectations; this includes harnessing technology for customer convenience and improving operational efficiencies. 21 September 2012 South Africa’s four major banks – Absa, FirstRand, Nedbank and Standard Bank – outperformed their Western global peers in several key areas, including return on equity, in the first half of 2012, professional services firm PricewaterhouseCoopers said in a report released on Wednesday. Combined headline earnings of R21.3-billion and an average return on equity (RoE) of 15.9% saw the country’s banks beat a benchmark group of their Western counterparts, who recorded an average RoE of 2.1% for United States commercial banks and 14.7% for Canadian banks. “This was a commendable performance by South African banks in a relative sense, and a very strong performance compared to the Western world,” PricewaterhouseCoopers said in its analysis report covering the first six months of 2012. “Even more interesting is the composition of earnings for local banks when compared with other countries, which demonstrate that our banks have an enviable net interest income, non-interest revenue mix and continue to operate at favourable efficiency ratios.” Gateway to Africalast_img read more

Apple’s iPhone Not Profitable for Carriers?

first_imgTop Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… 8 Best WordPress Hosting Solutions on the Market Related Posts Tags:#Apple#NYT#Trends#web center_img According to a research report released by Denmark’s Strand Consult, the iPhone is not the profit-generating machine that people have made it out to be…that is, unless you’re Apple. For carriers, however, gaining the exclusive rights to sell the iPhone isn’t exactly a winning situation. The report says that the hidden costs of the phone, which include things like the subsidies and the revenue share Apple demands, have actually hurt rather than helped mobile operators’ earnings. iPhone: Bad-for-Business? According to a Sunday article in The Guardian, the report states that the iPhone isn’t all that it’s cracked up to be, at least from the carriers’ perspective. Because Apple requires carriers to pay subsidies and, in some markets they demand revenue share, the carriers don’t make as much on phone sales as you may think. “We have not found one operator which has created shareholder value with iPhone,” notes the report. Not only does the report state that the phone isn’t as profitable for carriers as you may think, it argues that it might actually be a hindrance. “A lot of competitors are actually doing better,” it says when referring to the carriers who don’t offer the Apple device in their lineup. An earlier press release from the company even went so far as to claim that “operators that choose not to carry iPhone products have an increased probability of serving their shareholders interests.” Also mentioned is something called the “iPhone effect,” a coin termed by a chairman of a multinational operator. “The iPhone effect is the effect that comes from moving our management’s focus away from the 99% of our customers that generate the cash flow that pays our bills,” claims the unnamed chairman. In addition to these issues, Strand Consult also notes that the iPhone only attracts a limited market segment and one in which customers already were heavy data users…so they’re not actually bringing in that much new revenue via their iPhone data plans. Meanwhile, flat rate data plans mean that the “high data consumption results in high production costs without the corresponding increased revenue.”Although not mentioned in the Guardian piece, we’re currently seeing the problems AT&T has encountered here in the U.S. – thanks to it being the only network that provides the phone in this market. The company has struggled to provide coverage in heavily populated urban areas, like New York and San Francisco, where iPhone users are plenty. The issue went beyond just being hearsay to warranting a public shaming in a recent New York Times article. According to the article, the company has been working on expensive upgrades to those data-heavy networks to help ease the traffic burden which has led to dropped calls, slow speeds, and often a lack of signal. Problems like these have angered consumers and have given AT&T a bad name in many circles. The company has also had to delay the launch of new iPhone features like MMS and tethering, since their network again had to be prepared to handle the additional data traffic. Some Carriers DisagreeWhile AT&T never directly commented on the report, they’ve been consistent in touting the positive benefits of the phone with every release of their quarterly earnings. For example, in their latest earnings announcement, AT&T revealed that the iPhone 3GS launch was the “best sales day” the company ever had. They also gained more than 2.4 million customers this past quarter, 35% who were new to AT&T. They noted that more than 80% of the upgrades were from a non-iPhone device or a 2G iPhone, increasing ARPU [average revenue per unit]. And as for the iPhone owners themselves, the company says their ARPUs are significantly above the company’s post-paid average, churn is much lower, and recurring margins continue to be high. Another carrier, U.K.-based O2, did comment on the report. They told the Guardian they disagree with the findings, saying that they’ve benefited from the so-called “iPhone effect.” Although the article didn’t go into specifics as to what those benefits are, it’s likely they’re seeing much of the same benefits as AT&T. Finally, according to Reuters, Japan’s exclusive iPhone carrier, the #3-ranked in the country, passed the number one carrier in August in terms of new subscriber sign-ups. Perhaps the truth here is in the middle. Maybe Strand is right in saying that carriers don’t benefit from iPhone sales. However, they could benefit simply from having iPhone customers who stick with the company for long periods of time, paying for hefty data plans along the way. A Web Developer’s New Best Friend is the AI Wai… sarah perezlast_img read more

How to Create an Original Travel Video that Will Captivate Viewers

first_imgStep 1 — Avoid Trendy TransitionsTransitions simply move the viewer from one scene to the next. But, used improperly, they begin to show the seams in the project. While some creators have made very successful careers out of using motion-driven transitions, this technique isn’t for everyone. I believe zoom, warp, and swoosh transitions have their places in specific timelines; however, excessive use will detract your audience from the intended experience.The key is motivation before movement. Emotion before motion (we will get to this later). If there is no motive behind the cinematic elements you’re adding to a scene, they won’t translate. Transitions are like salt. A little dash enhances the flavor, but too much spoils the broth.Step 2 — Avoid Influences from Other Travel VideosThe mistake I learned from a year ago is still relevant today. Instead going to other travel videos for inspiration, watch documentaries, dramas, music videos, Vimeo staff picks — basically, anything else. By diversifying what you watch, you’re changing up how your brain will come up with ideas. For example, when creating my latest across-Canada video, I drew inspiration from the double-exposure effect in the opening credits of True Detective.Step 3 — Music Is King!The right track can motivate the entire video. For me, finding a killer song to incorporate in my films before beginning the edit changes the entire creative process. Music is a good way to convey emotion, so I spend hours on end listening to either my friends’ music or selections from PremiumBeat.com. From there, I pick a track that eventually influences the rest of the project.Step 4 — Sound Effects Connect with Your AudienceHave you ever watched a video that was captured, composed, and edited beautifully, but it still lacked something? The issue was probably good audio. If you skip the sound design, you’re robbing the audience of auditory immersion. For example, if your video shows a waterfall, but your audience hears only music, they’re not getting the full experience. If I’ve captured shots rooted to a specific meaning, I like to apply the slightest bit of sound design to give them a kick.Step 5 — Emotion Before MotionWhen you’re starting your edit, try to remember what the experience felt like. Experience always trumps cinematic trends. I usually ask myself How did you feel when shooting this? And then I follow it with How do you want the audience to feel? Remember, the most significant, most profound films are usually those that nail the emotion corresponding to their scenes.(Tip: sometimes, when I capture scenes or moments, I’ll pull out a little pocket journal to jot down the essence of where I was. Later, I’ll reference the note to properly apply that feeling to my edit.)Looking for more video production tutorials? Check these out.How to Export with Transparency from Adobe After EffectsHow to Properly Pancake Timelines in Adobe Premiere ProVideo Tutorial: Determining The Best Lens for Your ProjectTutorial: Removing Audio Pops and Recording Audio DifferentlyHow to Change the Color of Exterior Lights in After Effects Travel videos can be a dime a dozen, so what can you do (and not do) to make your video stand out in a crowd of look-alikes?You’re back at home after your vacation. You have a hard drive full of epic, experiential shots from the trip, and you’re ready to cut the footage together. For inspiration, you check out some trendy YouTube travel videos. There’s only one small problem — they all look the same. You get quickly overwhelmed by zoom transitions, six packs, and back-flips. Your motivation dwindles, and now all you can think about is that you don’t have a six pack.This is how I felt a little over a year ago. Other than what I saw on YouTube, I didn’t know anything about travel videos. So, like most others, I fell into the internet’s creative vortex, copying a trend rather than creating something authentic.In the following post, I’ll go over how I broke free from the cliches and share how you can get your own original results.last_img read more

Goa voyeurism case: Charge sheet filed against four Fabindia staff

first_imgGoa Police have filed a charge sheet against four employees of Fabindia in connection with the voyeurism case filed against them after Union Minister Smriti Irani alleged that the store had a CCTV camera in the trial room. Goa Police SP (Crime Branch) Karthik Kashyap said on September 10 that the charge sheet was filed a month ago before the Judicial Magistrate First Class court at Mapusa in North Goa.Paresh Bhagat, Prashant Naik, Karim Lakhani and Raju Payancha, all of them in-charge of sections at the Fabindia store have been named in the charge sheet. They were arrested and later released on bail. Crime Branch officials, however, said that Fabindia MD William Bissel and CEO Subrata Dutta have not been named in the charge sheet.Also read: Fabindia voyeur identified, case solved: Goa policeThe charge sheet has been filed under sections 354 (assault or criminal force to woman with intent to outrage her modesty), 354C (voyeurism), 509 (intruding privacy) of the IPC and 66E (punishment for violation of privacy) of the Information Technology Act, 2000.On April 3, 2015, a case of alleged voyeurism came to light at the Fabindia outlet in Goa’s Candolim after Ms. Irani raised an alarm over a CCTV camera in the trial room.last_img read more

Garbine Muguruza tops Venus Williams for 1st Wimbledon title

first_imgEthel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress It was as if getting out of that jam freed up Muguruza – and failing to capitalize on the opportunity deflated Williams. That began the match-closing nine-game run for Muguruza.Williams began faltering, spraying her shots to unintended spots – long, wide, into the net – while the younger, less-experienced Muguruza stayed steady, pounding groundstrokes with all her force. Williams finished with 25 unforced errors, 14 more than Muguruza made.It was an anticlimactic conclusion for Williams, who was the oldest Wimbledon finalist since 1994. Diagnosed in 2011 with Sjogren’s syndrome, an energy-sapping autoimmune disease, she learned to deal with that condition by turning to a plant-based diet and altering other routines. It took a while for her to get back to her best tennis.Her resurgence began in earnest at Wimbledon a year ago, when she made it to the semifinals. Then, at the Australian Open in January, Williams reached the final, where she lost to her sister.Serena is off the tour for the rest of this year because she is pregnant, and Venus spoke this week about missing her and wanting to put “Williams” on a trophy once again.ADVERTISEMENT Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant 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 LATEST STORIES Spain’s Garbine Muguruzam hold the trophy after defeating Venus Williams of the United States in the Women’s Singles final match on day 12 at the Wimbledon Tennis Championships in London Saturday, July 15, 2017. (Photo by TIM IRELAND / AP)LONDON — Garbine Muguruza already knew what it was like to lose to a Williams in the Wimbledon final. Now she knows how it feels to beat one for a championship at the All England Club.Muguruza powered her way to her first title at Wimbledon and second at a Grand Slam tournament Saturday, beating a fading Venus Williams 7-5, 6-0 by claiming the final’s last nine games.ADVERTISEMENT El Nido residents told to vacate beach homes View comments Don’t miss out on the latest news and information. center_img She came close to achieving that, but Muguruza would not allow it.Sports Related Videospowered by AdSparcRead Next FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim At 37, Williams was bidding for her sixth championship at the grass-court major, 17 years after her first. And she was so close to gaining the upper hand against Muguruza, holding two set points at 5-4 in the opener. But Muguruza fought those off and did not drop a game the rest of the way.In 2015, in her first Grand Slam final, Muguruza lost to Williams’ younger sister, Serena, whom the Spaniard then defeated in the French Open title match last year.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 starsThis time, with the Centre Court roof closed because of rain earlier in the day, the 23-year-old Muguruza was too good down the stretch.Williams twice was a point away from winning the opening set, ahead 5-4 while Muguruza served at 15-40. On the first set point, a 20-stroke exchange ended when Williams blinked first, putting a forehand into the net. On the second, Williams sent a return long, and Muguruza pumped her fist. MOST READ Power Smashers post 1st win, top Perlas in 5 sets Trump strips away truth with hunky topless photo tweet Lacson: SEA Games fund put in foundation like ‘Napoles case’last_img read more

Orissa: Around 300 children lead anti-Posco agitation

first_imgIt is ‘force versus children’ in the battle for land to set up Posco’s proposed mega steel project in Orissa’s Jagatsinghpur district where the anti-displacement stir has entered the decisive phase.While a determined state government have accused the Posco Pratirodh Sangram Samiti (PPSS), a body spearheading agitation against the South Korean steel major, of using the children as a “shield”, villagers sought to differ. “We involve children in the agitation to counter the state’s brute force which is trying to forcibly acquire land without consent of farmers,” PPSS President Abhay Sahu said.About 300 children are leading the anti-Posco stir for last 12 days as state government deployed more than 600 armed security personnel to enter into Dhinkia gram panchayat, considered as epicentre of the six-year-old movement.”I believe the children should never be used in agitation. The persons, be it their parents, should be held responsible for using them in this manner,” Orissa’s Women and Child Development (WCD) minister Anjali Behera told PTI. The minister said she would like to initiate action against persons involved in the practice. “It is cruel to make children agitate under scorching sun and heavy downpour,” the minister remarked.Jagatsinghpur Additional District Magistrate (ADM), S K Choudhury also demanded action against those who have ‘dragged’ children into the agitation. “We leave it to the civil society to consider whether anti-Posco brigade’s use of children is legal or otherwise,” Choudhury said. Not buying the logic of the powers-that-be, social activist Swami Agnivesh argued, “I don’t see anything wrong in children taking up the cause of their parents. Above all, they are not left alone to fight with the government.advertisement”The children are accompanied by their parents and seniors of the village,” Agnivesh told PTI. Striking a dissenting note noted child right activist Anuradha Mohanty said children must not be used in any form of agitation. “No one including their parents should be allowed to violate rights of children,” she said. The little ones, however, have their own argument.”Can the state government or Posco provide us a better future. It is our parents who will sustain us. If they are going to lose livelihood, who will give us protection,” said 11-year-old Rosalin Patra, a class-VII student of Gobindpur Upper Primary School.Like Rosalin, many students from Dhinkia High School and Patana Primary School have ‘voluntarily’ joined the ‘do-or-die battle’ against Posco project. Bapina Mandal, whose father was killed three years ago during an anti-Posco agitation says, “having already lost my father in the fight now it is left for me, my mother and elder sister to carry on the agitation on our own.”Admitting that children’s studies were affected due to their involvement in the agitation, PPSS leader Abhay Sahu claimed they have roped in teachers and provided black board and study materials to teach children at the dharna site.”Swami Agnivesh is a witness to facilities provided to children,” said the suspended sarpanch of Dhinkia and PPSS Secretary Sisir Mohapatra. Agnivesh recalled “during my visit to Dhinkia area, I taught children about the environment. They were dumping plastic water pouches here and there. I taught them to collect the plastic pouches and put all in a pit.”- With PTI inputsFor more news on India, click here.For more news on Business, click here.For more news on Movies, click here.For more news on Sports, click here.last_img read more

German football team’s stunt on stage wows the crowd

first_imgGermany’s Thomas Mueller (R) holds the World Cup trophy during celebrations to mark the team’s 2014 Brazil World Cup victory, at a ‘fan mile’ public viewing zone in Berlin.The victorious German team reached capital Berlin on Tuesday, and was welcomed by thousands of supporters who lined up the Fan Mile in the heart of the city. Among several acts, the team decided to do a stunt on a stage that drew huge cheers from the crowd. In the impromptu act, Germany captain Philipp Lahm hid behind Thomas Muller, Mats Hummels, Eric Durm and Christoph Kramer, who suddenly fell to the ground revealing the captain with the Jules Rimet, the FIFA World Cup trophy. The stunt, and other dance acts done by the team, was greeted with huge cheers. In another act, Coach Joachim Low joined the team in a simulated catwalk on the stage. He happily bounced a toy football on the stage as he walked. Later, Hummels, Lahm, Durm, Kramer and Muller were seen air guitaring for the pleasure of the gathered supporters. The players also kicked footballs into the crowd. Watch the complete celebration here. The stunt appears after 6:30 minutes in this video. Germany beat Argentina 1-0 in the 2014 World Cup final in Brazil on Sunday.last_img read more