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The Delamere International Newsletter ©

Edition of 1 November 2018 # 309

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

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IN THIS ISSUE

 

  1. Business & Education: Take a Look at Bulgaria, Member of the EU?
  2. Business: Dangers of the Increasing Debt of African Countries
  3. Business: Investing in South Africa?
  4. Business: Latest News on Zimbabwe
  5. Business: Namibia Now Pushing Ahead With Land Reform?
  6. Business: Russian Influence in Africa?
  7. Business: Steps Taken to Protect Critical American Technology & Intellectual Property
  8. Business: Update of More Corruption in Africa
  9. Business: Zimbabwe Has de-Dollarised the Economy 
  10. Education: Powerful Research Tool, Publons
  11. Education & Environment: Who Can You Trust When It Comes to Slaughtering Our Heritage?
  12. Education: Memory of the Slave Trade Lives On?
  13. Travel: Increase in International Tourism
  14. Travel & Business: South Africa Wins Another Tourist Award
  15. Travel: Visit to Oswald West State Park in Oregon, USA

 

 

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1. Business & Education: Take a Look at Bulgaria, Member of the EU?
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Bulgarians and visitors to their capital Sofia were offered a dazzling show of ancient and modern wealth earlier this year. The country’s national gallery, housed in an elegant former royal palace, displayed 62 glittering treasures dating back to 1,000BC in an exhibition called “The Golden Fleece”. Some 11 years after Bulgaria joined the EU – raising hopes for a swift rise in prosperity, a more robust democracy and broader social justice – data from Eurostat in Brussels now make for bleak reading. Bulgaria has the lowest average salary in the EU (€575), the lowest minimum wage (€260) and the smallest average pension (€190). The upshot is that more than 40 per cent of Bulgarians are now at risk of poverty and social exclusion – twice the proportion of Germans who find themselves in the same predicament. To read the full report, go to our NEWS DESK link.


Editor's Note: Visit our web page on Bulgaria.

 

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2. Business: Dangers of the Increasing Debt of African Countries
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The International Monetary Fund (IMF) on Wednesday warned African countries that their increasing indebtedness and failure to service their public debts was creating poverty for its citizens. Montfort Mlachila, senior resident representative for IMF in South Africa, said that countries like Zimbabwe, Eritrea, and Mozambique were facing worrying levels of debt and as the IMF they were concerned about the situation in these countries. To read the full report, go to our NEWS DESK link.

Editor’s Note: Most of this debt is to China.  Read this extract from a forthcoming book about the Future of Africa. “Much of that lending has come from China in recent years, but new data shows for example that Kenya’s obligations to Beijing go much deeper than many ordinary Kenyans realize. China is now by far Kenya’s largest lender, accounting for 72% of bilateral debt by the end of March, according to documents from the Treasury obtained by Kenya’s Business Daily newspaper.” Read also this article in the BBC

 

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3. Business: Investing in South Africa?
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The Infrastructure Research Development Centre (IRDC) on Monday said that relying on foreign investment for economic development always comes at a price, and that South Africa should prepare itself as it is on a quest for investment. President Cyril Ramaphosa will this week convene the inaugural South Africa Investment Conference where representatives of government, business, and labour will meet with investors in a bid to present the country as an attractive investment destination. To read the full report, go to our NEWS DESK link. (IOL)

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

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4. Business: Latest News on Zimbabwe
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As Zimbabwe’s economy burns, inflamed by foreign currency and commodity shortages as well as crippled investment inflows, companies in the country have resorted to awarding hardship bonuses for employees, shorter working hours and adoption of forex as the major transaction currency. Inflation has spiked to 5.3% according to official statistics from Zimstats while independent economists such as Professor Steve Hanke say it is as high as 150%. The result has been “too much money chasing too few goods” as the country’s citizens scramble for commodities such as cooking oil, fuel and bread.  To read the full report, go to our NEWS DESK link.

Updated Breaking News: Zimbabwe's economy is heading for an implosion, with parallel market rates bolting, prices spiking and shortages of foodstuffs and imported commodities emerging, leaving companies in a quandary on how to stay afloat. On Monday, some shops did not open, while others removed goods from shelves as companies battled to keep up with the changing currency rates on which they base their prices. Measures to calm the jitters through policy announcements last week have not yielded any respite. Businesses have called for the adoption of the rand, seeing it as the best way forward, as South Africa remained Zimbabwe’s major source market. To read the full story, go to our NEWS DESK link. (IOL)


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5. Business: Namibia Now Pushing Ahead With Land Reform?
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Namibian President Hage Geingob vowed Monday to push ahead with land redistribution, echoing the government of neighbouring South Africa, where the issue has become a fierce political battleground. Namibia, which was ruled by colonial Germany and then apartheid South Africa until 1990, has large swathes of agricultural land, as well as major diamond and platinum mining industries. "Many Namibians were driven off their productive land," Geingob said at the opening of a national conference in Windhoek to discuss new land policy. "The fundamental issue is the inequality... We also share a burning land issue and a racialised distribution of land resources with South Africa.” To read the full report, go to our NEWS DESK link. (IOL)

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6. Business: Russian Influence in Africa?
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When Central African Republic (CAR) pleaded for help last year to fight marauding militias, former colonial ruler France offered guns it had seized off Somalia. But Russia objected and donated its own weapons instead. By early February, Russia had sent nine planes with weapons along with dozens of contractors to train local soldiers and secure mining projects, marking the start of its highest-profile military foray in sub-Saharan Africa for decades.  Muscling in on a country dominated by France for years served as a statement of intent about Moscow’s renewed push for global prestige and influence, and is part of a wider campaign shaking up long-standing power dynamics on the continent. To read the full report, go to our NEWS DESK link.

Editor’s Note:  Visit our web page on Central African Republic

 

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7. Business: Steps Taken to Protect Critical American Technology & Intellectual Property
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The U.S. Department of the Treasury, as chair of the Committee on Foreign Investment in the United States (CFIUS), today issued temporary regulations to protect critical American technology and intellectual property from potentially harmful foreign acquisitions.  These regulations put to use tools enacted as part of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), which Congress passed on an overwhelmingly bipartisan basis and that President Trump signed into law in August. To read the full report, go to our NEWS DESK link.


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8. Business: Update of More Corruption in Africa
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Zimbabwean police arrested the head of the state power distributor over a tender involving an Indian company, Assistant Commissioner Paul Nyathi said. The authorities detained Joshua Chifamba, chief executive officer of the Zimbabwe Electricity Transmission & Distribution, on Wednesday night and he’ll appear in court on Thursday, Nyathi said by phone from the capital, Harare. He will face charges that “relate to a $35 million (R513 million) tender involving an Indian company called PME,” Nyathi said. Noida, India-based PME Power Solutions India is a manufacturer of power transformers. To read the full report, go to our NEWS DESK link.

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

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9. Business: Zimbabwe Has de-Dollarised the Economy 
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The Zimbabwean government has de-dollarised the economy by reintroducing local currency bank accounts, which will be traded in electronic transfers and bond notes only. The new measures, outlined during the 2018 monetary policy statement on Monday by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, also saw more taxes being piled on the transacting public. All mobile money transfer platform users will now be charged two cents for every dollar for a transaction, on top of the five cents flat charge per transaction. The central bank also issued a directive that will see all foreigners and vehicles in transit paying for goods and services in foreign currency. To read the full report, go to our NEWS DESK link.

 

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10. Education: Powerful Research Tool, Publons
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The peer review process is an essential part of publishing high-quality academic research, but it can be a time-consuming, thankless task, which often slows publication. One organization trying to change this is Publons, a company which "turn[s] peer review into a measurable indicator of a researcher's expertise and contributions to their field" as part of their mission to "speed up research by harnessing the power of peer review." Here, academic researchers can create a free profile and "import, verify, and store a record of every peer review [they] perform and every manuscript [they] handle as an editor, for any journal in the world, in full compliance with all editorial policies." Interested visitors can browse the more than 400,000 participating researchers as well as an extensive FAQ section detailing how Publons works for reviewers, editors, and publishers. Early-career researchers may want to check out Publons Academy, a free online course found under the actions tab. Publons was founded in 2012 in New Zealand by physicist Andrew Preston and social scientist Daniel Johnston. In 2017 it was acquired by Clarivate Analytics, the parent company of Web of Science, and that same year Publons won the ALPSP Innovation in Publishing Award. Visit this site.

From The Scout Report, Copyright Internet Scout 1994-2018

 

 

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11. Education & Environment: Who Can You Trust When It Comes to Slaughtering Our Heritage?
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The longest serving FTSE 100 boss has been photographed with trophy kills, shot on hunting holidays in Africa ­despite sitting on the board of a big cat conservation charity. Mark Bristow, the chief executive of Randgold, a mining conglomerate, appears in promotional newsletters on the website of Hunters & Guides Africa, a South Africa-based professional hunting tour operator.  To read the full story, go to our NEWS DESK link.

 

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12. Education: Memory of the Slave Trade Lives On?
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Universities in the UK which benefited in previous centuries from the slave trade should contribute to a £100m fund to support ethnic minority students, says a university leader. Geoff Thompson, chair of governors of the University of East London, says it would be "ethical and right" for universities to contribute. He says it would help young people who otherwise could not afford to graduate. In the United States there have been arguments over how to reconcile universities with historic links to slavery and slave-owning but with not much success.  To read the full report, go to our NEWS DESK link. (BBC)


Editor’s Note: The Delamere Group and "The MTC International Foundation" are currently involved in the research and publishing of a new book called, “The Birth, Life & Death of King Cotton" ©. This book covers the beginning of the slave trade in Africa, to the cotton plantations in America that used and exploited these slaves and onto the cotton trade in Lancashire, England.  It also covers the fascinating history of the Arkwright family, whose personal story reflects the effect of the notorious cotton trade on a typical family in the 1800’s.

 

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13. Travel: Increase in International Tourism
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International tourist numbers grew 6.0 percent in the first half of 2018, with southern Europe and south east Asia posting the biggest growth, due to the upturn in the global economy, the UN World Tourism Organization said Wednesday. The number of international tourists surged to around 641 million between January and June, some 37 million more than during the same period last year, the Madrid-based United Nations body said in a statement. All world regions “enjoyed robust growth in tourist arrivals” during the first half, with the increase “fuelled by strong demand from major source markets, supported by an upswing in the global economy”. Britain, France and Russia all posted double-digit increases in outbound spending in Europe, while India and South Korea drove growth in Asia. To read the full report, go to our NEWS DESK link. (SABC)

Editor's Note: Visit our web site on Travel & Tourism.

 

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14. Travel & Business: South Africa Wins Another Tourist Award
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South Africa has been named the “Global Destination of the Year” by the Global Sourcing Association, the Department of Trade and Industry said late on Wednesday. The Minister of Trade and Industry, Dr. Rob Davies says the award which is the fifth for South Africa since 2012 is a further accolade and recognition of South Africa’s value proposition and credible offering, the statement said.  To read the full report, go to our NEWS DESK link.

 

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15. Travel: Visit to Oswald West State Park in Oregon, USA
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A visit to this state park will leave you breathless as you hike on the many headlands overlooking the ocean. Surf waves in a tucked-away cove. Spend hours walking through dense, coastal forest. Lounge on a sandy beach beneath tree-covered cliffs. It’s hard to make a case for any one place as the most beautiful in Oregon, but you can’t even have the conversation without talking about Oswald West. The state park on the northern Oregon coast covers nearly 2,500 acres and includes several of the most iconic destinations in the region: Neahkahnie Mountain, Cape Falcon, Short Sand Beach and Devils Cauldron. A sprawling trail network connects it all, running more than 13 miles end-to-end.  Visit this site.


Editor’s Note:  Visit also our web page on Tours of America.

 

 

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Photo of the Month
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As a tribute to one of our partners, who made a special request as it’s her birthday next month, we provide a video clip of her favourite piece of music; the fabulous song by the Bee Gee’s, “Stayin’ Alive” with, believe it or not, the brilliant Rita Haworth, Fred Astaire and some of her other friends dancing, this will inspire you to do greater things in your life as you face the future?  So if you ever visit our head office in Long Beach, California and you hear this music over the sound system, don’t be surprised. To see the video on YouTube, click here.

 

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This month's quote

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"Believe you can and you're halfway there." ~ Theodore Roosevelt (1858-1919)

 

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Book of the Month
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Between Hope and Despair, 1963-2012” ~ Daniel Branch

On December 12, 1963, people across Kenya joyfully celebrated independence from British colonial rule, anticipating a bright future of prosperity and social justice. As the nation approaches the fiftieth anniversary of its independence, however, the people's dream remains elusive. During its first five decades Kenya has experienced assassinations, riots, coup attempts, ethnic violence, and political corruption. The ranks of the disaffected, the unemployed, and the poor have multiplied. In this authoritative and insightful account of Kenya's history from 1963 to the present day, Daniel Branch sheds new light on the nation's struggles and the complicated causes behind them. Visit our bookshop Kenya: Between Hope and Despair, 1963-2012


Editor’s Note: Don’t forget that we also have an online book store, Delamere International Bookshop. We represent a number of major leading book suppliers that concentrate on non-fiction books related to business, employment, marketing, investing & finance, real estate, and conducting international trade. Click here.

 

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Although great effort has been made in compiling and checking that the information contained in this Newsletter is accurate, the publisher shall not be held responsible for any errors, omissions or inaccuracies in this electronic publication, or for any consequences arising there from. Editorial materials published herein are provided for information only.

The publisher expressly disclaims any and all liability to any person, whosoever, in respect of any loss, damage, death, personal injury or other consequences, by their use of, or reliance upon in any way, the information contained in this electronic publication.




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