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The Delamere-International Newsletter ©

Edition of 30 April 2003 #122


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This Month's Sponsor
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The Fair -Trade Foundation - This non-profit organization is dedicated to guaranteeing a better deal for "Third World Producers". Issues are examined, such as child slavery in Africa, plus other serious issues affecting the underprivileged. (visit their site)

If you are interested in helping to promote education for these young people who come from previously disadvantaged backgrounds, our organization promotes a fund to help with college fees, visit this link



IN THIS ISSUE

1. Business: Investing in South Africa
2. Business: Small Business in South Africa
3. Business: The cost of banking in South Africa
4. Business: The Improved Value of the South African Currency
5. Education: The British Broadcasting Corporation
6. Education: British Prime Ministers
7. Education: Visit La Catedral de Girona, Spain
8. Education: Museums of the World
9. Education: AMICO: Art Museum Image Consortium
10. Education: The American Cowboy
11. Education: The North American Indian
12. Education: Orangutan Foundation International
13. Immigration: Changes in Worker Visas
14. Immigration: Grass looks greener
15. Immigration: Illegal cheap labour
16. Immigration: Moving to South Africa Made More Difficult
17. Real Estate: House prices still on the rise in UK
18. Business: Living and Working in the UK.
19. Business: Update on South Africans Holding Illegal Offshore Money


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1. Business: Investing in South Africa
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Johannesburg - Foreigners invested R12.1 billion in South Africa in 2002 and local businesses repatriated R6.6 billion during the year, the Reserve Bank said yesterday.

The bank said there were net inflows of R14.7 billion in the year that had not been allocated to any investment type and were accounted for in the "unrecorded transactions" category. To read the full story, go to our NEWS DESK link.

Editor's Note: We have been approached by many of our clients regarding the wisdom of investing in South Africa, especially when one can only obtain about 1 percent interest in the money markets in the USA and in South Africa it is quite easy to obtain at least 13 percent return.

We have just received notice of this new book release, "Investing in South Africa." Few need reminding of how radically South Africa has changed in the recent past. Everyone acknowledges that the country has entered a critical new phase in its development. There is certainly, good reason to be optimistic, given the realism that is already tempering populist idealism. New economic growth - following 1993's mini-boom - has spread hope throughout the business community.

One challenge that demands close attention now is the need to translate post-election euphoria into positive and practical action from foreign investors and business people. Before they can act, they need to be able to turn sentiment into knowledge. "Investing In South Africa" complements Euromoney's first book on South Africa published in 1991, which offered wide-ranging macroeconomic study of the country, providing a detailed economic history and broad business overview for a still-evolving market.

This new publication focuses on the specific mechanics of foreign investment, providing in-depth analysis and guidance for those looking to enter the stock market, planning to establish a subsidiary or joint venture, or who are keen to develop their trade or business links with South African partners. Visit our online bookstore for a discounted copy.


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2. Business: Small Business in South Africa
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The Department of Trade and Industry is setting aside a total of R1 billion over the next three years to provide support for businesses through its small and medium manufacturing development programme.

The minister Alec Erwin announced the funding this week, during his budget vote speech in parliament.

Apart from the small and medium manufacturing development programme, Erwin said that the funding would also come through the Competitiveness Fund, Sector Partnership Fund and Export Market and Investment Assistance Fund.

In a year that has been good for small business in terms of announcements, Erwin told the National Assembly that other forms of financial support provided to enterprises would include tax incentives through the Strategic Industrial Programme, which includes export credit guarantees. To read the full story, go to our NEWS DESK link.

 

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3. Business: The cost of banking in South Africa
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The number of South Africans using the Internet to do their banking is growing exponentially, but still not fast enough to warrant a significant drive by any of the big four groups to aggressively compete for market share.


Recent statistics show the number of South Africans banking online has grown from 800 000 to more than 1.2 million over the past 12 months. But the numbers pale in comparison to those in North America where home and office computer usage is far more widespread than it is locally.


To read the full story, go tour NEWS DESK link


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4. Business The Improved Value of the South African Currency
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Kevin Wakeford, former South African Chamber of Business CEO and whistle-blower who sparked the commission into the Rand's precipitous collapse in 2001, is upbeat on South Africa's economic prospects and believes the local currency could claw its way back to as strong as R4 to the dollar by 2008.

To read this full story, go to our NEWS DESK link.

 

Editor's Note: We remember only 12 months ago the Rand was trading at around R14 to the Dollar; someone has made great profits by moving their money; hot, illegal or otherwise, out of the US Dollar into currencies of developing countries. We wonder how much of Saddam Hussein's personal $ billions fortune is now in South Africa after he was toppled from power? Visit our Web Page on "Investing in South Africa."

 


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5. Education: The British Broadcasting Corporation
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The BBC is known around the world for its vast collection of audio and visual material that dates back to the corporation's earliest days.

Drawing on these vast resources, the BBC has established this Web site (in conjunction with a living history television show) to place some of these materials online, available for the general public.

The site itself is divided into five broad themes, including Play, Good Times Bad Times, and Shopping. Within each section, there are a number of video clips that relate to the selected theme, along with a background essay that discusses the general theme of the section.

Visitors are also encouraged to share their own life experiences on the site, ranging from discussions of the old High Street to working in the tea factory on Tyneside. Overall, this is an interesting and engaging introduction to the recent social history of the area stretching from Northumberland to North Yorkshire. Visit this site

Editor's Note: We are currently researching a complete and comprehensive report on the lineage of the Cholmondeley family of Cheshire, England, especially the Vale Royal Abbey line. One of the ancestors of our senior partner was Thomas Hugh Cholmonderley 1st Lord Delamere (1767-1855), and his lineage is now being updated and entered into the library of Genealogical Research of Great Britain and also the USA library. If any of our readers wish more details, we are willing to forward a draft copy of this 100-page report for their use and approval.

If you require assistance with Genealogical Research you may contact our firm or visit this link.


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6. Education: British Prime Ministers
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There have been 51 British Prime Ministers since Robert Walpole first held the office in 1721. These figures include some of the most influential and interesting figures in British history.


Here you will find a biography and interesting facts about each Prime Minister from Walpole to Tony Blair, plus the most interesting and bizarre facts about past Prime Ministers. Visit this site


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7. Education: Visit La Catedral de Girona, Spain
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Beginning with the evocative sounds of cathedral bells and the clamor of footsteps, this site dedicated to the cathedral in the Spanish city of Girona is a well-done overview of the cathedral's many compelling facets.

The cathedral was begun in the 11th century (although most of the building dates from the 14th to 17th centuries), and is considered of one the finest Gothic cathedrals in Spain. The cathedral contains the world's widest Gothic nave and is surpassed in total size only by St. Peter's in Rome.

Within the site, visitors are able to take a close look at the cathedral's nave, cloister, and bell tower. Additionally, various treasures of the cathedral are here for viewing, including the bible of Charles V and the detailed tapestry of the Creation. The site is rounded out by a history of the cathedral, information about the archives held on the premises, and information about visiting in person. Appropriately enough, the site is available for browsing in Spanish, Catalan, and French (along with English).Visit this site


From The Scout Report, Copyright Internet Scout Project 1994-2003.

Editor's Note: We are currently fascinated with the power of using flash on websites, and we request that you submit your opinion on the topic, Does using Flash make the site more appealing and successful or is it merely a distraction?

Our firm is currently handling the accounts of 2 very successful businesses that have used flash in the introduction of their web sites. Visit VirtuosityDesign plus also visit VintageShopper (note this site is yet to be fully launched, but we suggest that you bookmark it for future use, as items being marketed on this site will be unique and are unavailable from any other source)


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8. Education: Museums of the World
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Designed by a German company located in Dusseldorf, the Museums of the World Web site is an easy and helpful way to find out about events, exhibits, lectures, and other activities going on in museums around the world.

The homepage is a fine way to begin exploring the site, as it contains a list of recent news regarding museum additions and upcoming exhibits, along with events sponsored by different museums. The right hand side of the homepage breaks the news items into useful subtopics, such as Museum Expansion, New Acquisition, Recent Publication, and Future plans. A similar division is provided for events listings, allowing for great specificity when searching for certain activities of interest.

Additionally, users may use the database provided here to search for museums by theme, geographic location, and name. Overall, the site will be of great assistance to those persons planning a visit, or to fellow museum professionals. Visit this site.


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9. Education: AMICO: Art Museum Image Consortium
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A huge catalog of thumbnail images of over 100,000 digitized works of art, text, and multimedia provided by a consortium of over 35 art museums around the world. Search by creator, creation date, and other key access points.

This site includes art forms from different cultures ranging from prehistoric to contemporary time periods. Provides extensive rights information for each image, reproduction request forms, links to publications, and institutional membership agreements. Visit this site.


From The Scout Report, Copyright Internet Scout Project 1994-2003.

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10. Education: The American Cowboy
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This site is a tribute to early twentieth century photojournalist Erwin E. Smith, who worked as a cowhand and photographed American cowboy life.

Visitors can view an online collection of over 750 photographs, which "capture both the rugged realities and the romance of life on the open range." Includes a teaching guide, glossary, and bibliography. From the Amon Carter Museum. Visit this site.

 

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11. Education: The North American Indian
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Created with grant support from the Institute of Museum and Library Services National Leadership Grant Program, this online database highlights the photographic and visual record of current and former Indian groups from the Northern Great Plains, including the Apache, Blackfeet, Cree, Iroquois, Shoshone, Sioux, Ute, plus others.

Housed at Montana State University, this particular online collection was designed to provide students, researchers, and the general public with direct access to valuable primary source material on Plains Indian cultures.

The general organization of the site's archival materials is by tribe, but there are several themed collections, including one of Blackfeet tipis. The search options are quite impressive, as users can search by subject, date, location, tribe, and artist or photographer, along with further refining each search by looking by the geographical location of where the item is currently held. (Material submitted by the University of Montana.) Visit this site.


From The Scout Report, Copyright Internet Scout Project 1994-2003.

Editor's Note: Our firm uses the services of a Los Angeles based leading photographer for private assignments in any country of the world. Visit our web page for more details.

 

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12. Education: Orangutan Foundation International
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You will learn about the Great Red Ape and what we are doing to study and conserve them....The mission of the [OFI] is to support the conservation and understanding of the orangutan and its rain forest habitat while caring for ex-captive individuals as they make their way back to the forest.

The Web site also describes tours and volunteer opportunities and various projects of the foundation sponsors and has an extensive image gallery. Visit this site.


Editor's Note: Our firm is a sponsor of the "Wildlife Conservation Society" based in New York, USA. For more details visit this page on our website and review the various sponsorship programmes we support and how you can also assist. Visit this page.


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13. Immigration: Changes in Worker Visas
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The US Congress House Subcommittee on Immigrations and Claims will meet in the next two weeks to begin hearings on H-1B and L-1 visas, according to Sheila Jackson Lee, Congresswoman from Texas who is a member of the committee.

Jackson Lee spoke to ET on the sidelines of a CII seminar hosted for a delegation of US Congress members visiting India. Congressman Joseph Crowley, a Democrat from the district of New York, is heading the delegation.


According to Lee, the Congress will take up the H-1B visa bill in the fall. The sub-committee has received information on L-1 visas from several people and is in the process of examining concerns around it.

Indian software companies are the biggest users of H-1B visas but have recently shifted to using L-1 visas more. The US Congress has reduced the H-1B visa quota from 195,000 to 65,000. H-1B visas are subject to annual numerical limits, currently 195,000. The limit is set to go down to 65,000 from October 1, 2003.

To read the full story, go to our NEWS DESK link

 


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14. Immigration: Grass looks greener…
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The flow of migrants has doubled since 1970, creating political waves in rich nations.

Border guards earlier this week on the German-Polish boundary stopped a truck filled with 76 illegal immigrants from Ukraine and Moldova headed for the Netherlands.

Except for its human implications, the story might inspire a yawn. In essence, a similar story happens almost daily on some border around the world. Millions from poor countries are striving desperately to enter rich nations. International migration has become a hot topic in the US and in many other countries.

"It is a very big issue," says Joseph Chamie, director of the Population Division of the United Nations in New York. And he expects migration to become even more of a political issue in the years ahead.

"These migrants are not only the poorly educated, creating job competition for lower- income workers in industrial nations, some have postgraduate degrees." Just last month, several American engineers, some with doctorates, paraded with picket signs outside a convention of engineers in Dallas to protest H-1B visas given high-tech workers. "Bill Gates Unfair," one sign read.

Engineers parading on picket lines are relatively rare. However, Microsoft, headed by Mr. Gates, is one of many United States companies that bring in foreign engineers to do programming or other mostly technical jobs under a special visa program that has become highly controversial.

Today, 175 million people reside outside their country of birth. That's about 3 percent of world population, and more than double the number in 1970. With the world's population at 6.3 billion and growing by 77 million a year, pressures to migrate, mostly from poor nations, are increasing. To read the full report, go to our NEWS DESK link

 


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15. Immigration: Illegal cheap labour
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In 1987, President Reagan gave amnesty to 2.7 million Mexicans who were illegally in the USA, plus many other groups were included.

Upon becoming citizens, they sponsored another 2.7 million of their relatives as lawful entrants. The amnesty program also spurred millions to enter illegally to be with family and escape impoverished countries. This mass migration addicted businesses to cheap Mexican labor and was the catalyst for the greatest economic surge in our country's history.

Reagan's humanitarian gesture did not foresee the Mexican economic crash of 1994. That year, Mexico borrowed $40 billion to keep its crisis from spreading worldwide. The peso was devalued by 50 percent overnight and Mexicans lost life savings and jobs in record numbers. Their choices were to flee north or starve.

Concurrently, we in the United States were entering an unprecedented bull economy, accelerated by the abundance of cheap labor, which kept prices depressed and gave consumers more for their buck. As word spread through Mexico's rural communities of the wealth of employment north of the border, more and more came. Eventually, up to 4,800 Mexicans were crossing the border illegally daily, before Sept. 11, 2001. To read the full story, contact us for a copy of this report.



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16. Immigration: Moving to South Africa Made More Difficult
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JOHANNESBURG -- South Africa's new Immigration Act has left too much discretion to police and immigration officials, and criminalized ordinary job seekers from neighbouring countries, the NGO Lawyers for Human Rights (LHR) said on Tuesday.

After several delays, amendments and last minute court challenges, the legislation replacing the Aliens Control Act was finally enacted on Monday evening.

Although the main thrust of the objections to the act were that it placed very high financial requirements on immigrants who wanted to retire in South Africa, and did not contain enough investor-friendly clauses, LHR was concerned about the impact on alleged illegal immigrants, small traders and job seekers. To read the full story, go to our NEWS DESK link.

 


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17. Real Estate: House prices still on the rise in UK
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House prices are 23.4 per cent higher than a year ago, according to the latest figures from Halifax, Britain's biggest mortgage lender.

Although March's monthly rise of 1.1 per cent was below that seen in January or February, it contradicts the evidence of other surveys that house prices have already begun to fall. With the average home now costing £127,000, first-time buyers face a struggle, especially in the south-east.

Editor's Note: Investing in South African properties provides excellent returns. A client of ours last year bought 5 properties in the Cape Town area, paying in Rands at the exchange rate of R13,50 per $. The value of these properties has increased by approximately 120 percent in the past 14 months, based on the projection and capital growth if they sold the same properties today and repatriated the investment portfolio back into US Dollars. That sort of return is difficult to beat in any investment today. Visit our web page on Property Investments.


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18. Business: Living and Working in the UK
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Unless you have claim to British citizenship you will require a work permit to apply for employment on the UK. Many of our clients have requested more information on taking this step, so we recommend that you visit this web page of the UK government.


We also recommend that you read an excellent publication related to finding work in the UK. Visit this link.


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19. Business: Update on South Africans Holding Illegal Offshore Money
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New draft legislation on the proposed exchange control amnesty has been released by the National Treasury.

The updated version has taken comments from various parties into account and although it has addressed some concerns raised during the parliamentary hearings in early April about the original version, it is likely to go through further alterations before the final version is put in place. A new concern is that taxpayers will get a "black mark" against their names from Receiver of Revenue if they come clean, is now greater than under the original legislation. The next parliamentary hearing is scheduled for the 13th of May. To read the full story, go to our NEWS DESK link.

 


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This month's quote
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"Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great."
~ Mark Twain

 

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Disclaimer

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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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