ICT industry finalises BEE charter

first_img13 May 2005The empowerment charter for the information and communications industries has been delivered to Minister Ivy Matsepe-Casaburri for final approval. It is expected to be in operation later this year.ICT Empowerment Charter Working Group chair Dali Mpofu said that a final round of consultations with industry stakeholders would be held once the minster had presented the charter to Cabinet.The process of drawing up the charter has taken two years. One of the major issues has been that of “Double Jeopardy”, which refers to a situation in which many ICT companies find themselves, where they may be subject to the guidelines of two sectoral charters.The ICT sector is not homogeneous, like some other sectors that have released charters. Unlike the mining sector, for example, there is a wide range of business sizes, from the very small to very large multinationals.The process of drawing a the charter has been described as a uniquely consultatitive and inclusive process.The working group that wrote the charter was drawn from various industry associations, including the Black IT Forum, the SA Communications Forum, the Computer Society of SA, the Electronic Industries Federation, Information Industry SA, the Information Technology Association and the SA chamber of Business.SouthAfrica.info reporterlast_img read more

Market still worried about weather

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The market continues to worry about the upcoming summer weather. Some forecasts show warm/dry weather in early June. Also, continued uncertainty over South America’s bean production is keeping a floor in place until summer weather is known. Export and feed demand looks strong according to USDA, but it is uncertain if the estimates are attainable.How many acres will be switched from corn to beans? Many are estimating nearly 1.5 million corn acres will be lost to beans. Until the June 30 report, this uncertainty provides market strength for corn. Reuters news found that since 1980, seven of 10 years soybean acres increased from the March report to the June report, corn acres also increased. The 2015 prevent plant acres coming back into production as well as reductions in wheat, milo and other minor cereal crops could help acre count for both corn and soybeans.Corn bottom line: if yields and acres are reduced, better prices in the future are likely. However, without yield and acre reductions, corn could be substantially overvalued.Expect beans to be very volatile until summer weather is known. It’s hard to know the right plan on beans when we could go to $8 or $13. It ultimately still comes down to how many acres we plant and what the yield turns out to be.The following shows recent market action and the benefits for rolling options forward.On 12/10 I sold Feb $3.80 options for 8 cents, expiring worthless on 1/22 (I kept the 8 cents).On 1/22 I sold April $3.80 options for 8 cents, expiring worthless on 3/25 (I kept the 8 cents)On 3/25 I sold June $3.80 options for 10 cents, expiring 5/20 with corn over $3.80 (grain now sold)This means I sold $3.80 against July futures but get to keep all the premiums (8 cents + 8 cents + 10 cents = 26 cents). I am now sitting on $4.06 July futures sale. Plus, I have the potential for additional gain when I move the sale from July to Dec (possibly 8-15 cents more).Also on Friday I sold a $4.50 Sep corn call (collecting 9.5 cents premium). If corn is above $4.50 in late August (when the call expires) I will happily take $4.50 for 5% of my corn. If corn is below $4.50, then I just keep the 9.5 cents of premium.Do I want the board price to rally or fall?Based upon my newsletters, some farmers are confused on what I hope the market does. Many assume I want the market to actually go down.To be clear, I definitely want the market to rally. However, I want to be prepared if it doesn’t, hence why I am selling calls. One may think that I want the market to go lower so I don’t have to sell the corn and just collect the premiums. However, this is most certainly not true. I would prefer all of my call sales to be “wrong.” I would make more money on all my bushels not yet priced if the market rallies than I will ever collect on call premiums expiring worthless.However, I need to control my farm operation risk. The market can always move up, down or sideways. By selling calls I make a little premium regardless of the market direction. By selling above the market, I allow myself upside potential if the market goes up. If the market does nothing, I can still potentially collect more call premium in the future. Ultimately, I’m disappointed if the market declines because the right choice would have been to just outright sell grain instead of hoping for more.I have no idea what the market will do (no one does). I also can’t predict weather (again, no one can). All I CAN control is my risk levels. Sure, some farmers may say if they wait long enough they can get the same price I do with all of my trading. The difference, I can’t sleep at night with all the potential risk hanging over my head playing the waiting game. I hate “striking out” MORE than I like “hitting home runs.” For me, I prefer to always get on base by hitting singles consistently.Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

Embattled Blatche redeems self in PH win over Japan

first_img“It felt great,” he admitted. “To advance and definitely for being bashed in the last 36 to 48 hours, to just to get a win and get some of it off my shoulders, just to know I was able to help us get to the second round, it felt really great.”.@drayblatche feels great after having his best performance in #FIBAWC vs Japan, but knows that bashers will always find a way to criticize him. pic.twitter.com/iMGm3AUAN1FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout— Randolph B. Leongson (@RLeongsonINQ) February 25, 2018 Brace for potentially devastating typhoon approaching PH – NDRRMC And this time, Blatche is more ready to face all the criticisms as he opted to rather focus on the things he can control.“I’m sure they’re going to find something else. But you know, all I can do is to continue getting better and stay focused,” he said. Blatche showed his worth and recorded his best game to date in the Asian qualifiers, recording 18 points, 16 rebounds, four assists, two steals, and a block to steer the home team to the second round.Making good music again with his peers, the 31-year-old big man was elated to have had his first pair of games in this window after playing through a hamstring injury.“For me, it actually feels great to get this win and play sort of well. It’s been a long time since I’ve been playing on the court and it’s just my second game since the first window,” he said. “It was all about trusting my injury. I left it alone and said forget it. If I hurt myself, I hurt myself. It’s about confidence. But this is big for us to advance in the second round.”But as always, Blatche knows that he could perform better, making him all the more excited for the third window in June.“This sort of made up for my bad performance, but I feel like I could do a lot better. It’s a rhythm thing, I’m starting to get my rhythm back, starting to get my legs back,” he said.ADVERTISEMENT Families in US enclave in north Mexico hold sad Thanksgiving Don’t miss out on the latest news and information. Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: 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 City AFP official booed out of forum Pussycat Dolls set for reunion tour after 10-year hiatus Typhoon Kammuri accelerates, gains strength en route to PH LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexico ‘Premier closer’ Castro comes through for Gilas Google honors food scientist, banana ketchup inventor and war hero Maria Orosa MOST READ John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Photo by Tristan Tamayo/ INQUIRER.netUnder scrutiny for the better part of the 2019 Fiba World Cup Asian qualifiers, Andray Blatche could only scream in jubilation following Gilas Pilipinas’ 89-84 victory over Japan on Sunday.And he has every reason to as the naturalized player felt the weight of the world finally lifted off of his shoulders.ADVERTISEMENT Read Next LATEST STORIES View commentslast_img read more

World Cup 2014: Civil tension threatens to sully Brazil’s football party

first_imgSimmering civil tension and the stench of corruption threatens to sully Brazil’s global football party when the World Cup kicks off against a backdrop of protests, unrest and alleged political graft.What was to be a football celebration is in danger of being hijacked by off-field issues as a growing furore surrounding FIFA over alleged vote-buying for the 2022 World Cup stews and anger over domestic political corruption broils throughout Brazil.The gloom is a far cry from what was envisioned when Brazil was selected as host nation in 2007. But if any country can perform a feat of spiritual alchemy using football as its tool, Brazil can.And for all the FIFA and protest dramas, billions of people around the world will tune in as eagerly as ever once the action begins. The home of what Pele termed “the beautiful game” is likely to respond like few others could, if its yellow-shirted heroes can carry all before them.A joyous festival of football would indeed be testament to the power of football if the sport shrugs off the unseemly smog enveloping the lead-up to this tournament. Brazil will be confident of providing the perfect fillip when they open the World Cup with a Group A clash against Croatia in Sao Paulo on Thursday.The hosts are favourites to clinch a record-extending sixth World Cup crown come the July 13 final at Rio’s Maracana stadium, and certainly it would be a triumph to finally exorcise the ghosts of 1950. Sixty-four years ago, the tournament was held with a round robin format and the Brazilians needed a draw to win the title in front of 2,00,000 fans at the Maracana. However, they were beaten 2-1 by Uruguay in a national tragedy known as “the Maracanazo”.advertisementWhile there will be some 1,00,000 fewer people in the rebuilt Maracana for the 2014 tournament, expectation will be no less weighty.Brazil have their script – one involving locals suspending their anger at the eye-watering cost of the tournament held with a backdrop of rising inflation, urban gridlock and soaring crime – but there are no shortage of other teams and players lining up to take their place in the pantheon of football giants.Argentina’s Lionel Messi tops the list. Considered by most to be the world’s best footballer, the Barcelona phenomenon has never hit the heights at a World Cup. Unless he does, as the likes of Pele, Johan Cruyff and Diego Maradona have before him, there would always be a hint of a question mark over a career which in every other way has touched the stars.Three more former winners will fight it out in Group D as one of Italy, England and surprise 2010 semi-finalists Uruguay will be going home early.Uruguay, more specifically the hand of striker Luis Suarez, prevented Ghana becoming the first African nation to reach the semifinals four years ago in South Africa.The Black Stars are back again but, along with the other four African representatives, they will have to punch above their weight to shatter that toughened-glass ceiling.last_img read more