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The Delamere-International Newsletter ©

Edition of 30 November 2003 #129


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This Month's Sponsor
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For more details of the various investment tools, newsletters and website that offer realistic advice, visit our web page on Investment Tools.


IN THIS ISSUE


1. Business: Money moving out of Russia. Why?
2. Business: Campaign to improve business in Cape Town
3. Business: Employment reference checks
4. Business: Gold Fields South Africa to invest in China
5. Business: Handling a difficult employee
6. Business: How Can we help Zimbabwe
7. Business: Investing in Botswana
8. Business: Investing Offshore
9. Business: It's cheap to start a business in South Africa
10. Business: Kenya refuses work permits
11. Business: The South African Rand (Currency)
12. Education: A Catalogue of the Churchill Papers
13. Education: A history of the 2nd World War
14. Education: Captain Cook Society
15. Education: Chronic Fatigue Syndrome
16. Education: Explore National American Indian Heritage Month
17. Education: How did apartheid start in South Africa?
18. Education: Propaganda Postcards of the Great War
19. Education: The Stonehenge Project
20. Immigration: An easier way to get into the UK
21. Immigration: Illegals in UK to be given amnesty
22. Immigration: Tougher Rules for South Africa
23. Internet: India advances to help the illiterate
24. Real Estate: House prices in South Africa
25. Travel: Enjoy a visit to Cape Town & South Africa
26. Travel: How about a game of golf - at a price!
27. Travel: New Luxury Hotel to be built in Cape Town


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1. Business: Money moving out of Russia. Why?
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MOSCOW - Capital flight from Russia has resumed after a net inflow in the first six months of the year and is expected to total 13.2 billion dollars in the second half of 2003, a top central bank official said on Monday.

Read the full report; go to our NEWS DESK link.

 

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2. Business: Campaign to improve business in Cape Town
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In a landmark agreement, big business, the government, labor unions and civil society in the Western Cape have committed themselves to the creation of at least 200,000 jobs in the private and public sector and billions of Rands in infrastructure development.

The parties have also agreed to work towards attracting at least R5-billion in new investment for the province. To read the full report and how you can personally benefit, got to our NEWS DESK link.

Editor's Note: There are many ways of investing in South Africa; starting a small business, buying real estate, or buying stocks and shares on the JSE. Read our web page in this subject.


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3. Business: Employment reference checks
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Reference checks are not what they used to be, with many in the personnel recruitment field also arguing that such checks may be obsolete. Is this true in today's job market? Read this report; go to our NEWS DESK link.


Editor's Note: Visit our employment page, which covers this subject of how to handle job applications and background checks of prospective employees.


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4. Business: Gold Fields South Africa to invest in China
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Hong Kong - Gold Fields aimed to step up its investment in China's gold mining sector, Ian Cockerill, the chief executive, said at the weekend.

The company would like to acquire a majority stake and some operational control over one or more gold mining projects there.

"From what we have seen in China, the industry is well advanced," Cockerill said on the sidelines of the Hong Kong Gold, Diamonds & Precious Metals Investor Relations Workshop 2003 organised by South African Omega Investment Research.

He said more large western gold mining companies would invest in China, which he called the world's next major gold province.

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


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5. Business: Handling a difficult employee
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It is not uncommon for an employee to resign in the face of a disciplinary hearing. But if the employee does not resign, can the employer offer resignation as an alternative to disciplinary action? To read the full report, go to our NEWS DESK link.

Editor's Note: For more details on the subject of human resources, we invite you to visit our web page.


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6. Business: How can we help Zimbabwe
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Cape Town - Britain will help the international community rebuild the beautiful country of Zimbabwe once it has a democratically accountable government, British Minister for Africa Chris Mullin said in Cape Town on Monday.

To read the full account, go to our NEWS DESK link.

Editor's Note: For more information on how Delamere-Pennine Associates is assisting this country, and how you can also help, visit our web page on global trade at this link.


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7. Business: Investing in Botswana
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In its new annual report on Botswana, Moody's Investors Service says the country's A2/Prime-1 foreign currency ratings and stable outlook reflect sustained economic growth and an extremely favorable debt and liquidity position, despite long-term challenges including the country's high HIV/Aids prevalence and weakened budget results.The government's domestic currency, the Pula rating is A1/stable.


Moody's latest report emphasizes Botswana's enduring social and political stability and the prudent utilization of its mineral endowment, which has led to sustained growth rates, rapid expansion of infrastructure, and a remarkable increase in living standards. To read the full report, go to our NEWS DESK link.

Editor's Note: For a picture of the Pula Banknote, which is one of the most attractive bank notes we have seen, visit this link.

 

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8. Business: Investing Offshore
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Although some foreign exchange control regulations remain, most South African investors are in reality unlimited in terms of what they can invest offshore. For those who have less than R1.5 million available for investment, controls are in effect a thing of the past.

Many governments, particularly in developing economies, restrict the extent to which their citizens can invest in foreign countries, partly to encourage investment in the home market, but also to ensure the economy's stability.

South African authorities have seen the advantages of being a member of the global village and have embarked on the liberalisation of exchange controls.

To read the full report, go to our NEWS DESK link.

 

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9. Business: It's cheap to start a business in South Africa
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Johannesburg - While South Africa has one of the world's most rigid hiring regimes, it is also one of the cheapest countries in which to start a business, according to a new report by the International Finance Corporation.

The study covers 133 countries and ranges from highly developed Organisation for Economic Co-operation and Development (OECD) countries to very poor countries.

The cost of starting a business in South Africa is 8.9 percent of income per capita. This is lower than the average OECD country, which is 10.2 percent of income per capita. To read the full report, go to our NEWS DESK link


Editor's Note: We have just reviewed an e-book on various ideas of the best businesses to start, either as a major venture with employees or work at home venture. Visit this web page


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10. Business: Kenya refuses work permits
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SOME OF the 16,000 expatriates, including 5,000 Westerners, working in Kenya will not get their work permits renewed in the ongoing crackdown on foreigners holding non-essential jobs, the Minister for Labour and Manpower Development, Ali Mwakwere, told The East African last week.


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11. Business: The South African Rand (Currency)
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A major report was recently released that the Rand is the best performing currency in the world and yet the press has hardly even mentioned this. This report is well worth reading by our clients who are especially interested in the future of gold. To read the full report, go to our NEWS DESK link.

 

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12. Education: A Catalogue of the Churchill Papers
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The papers of Sir Winston Churchill from "childhood letters and school reports to his final writings" have been indexed, and the over 70,000 entries are searchable or browsable by time period. Note that while this is an index, the search results are quite detailed and include abstracts.

The site also provides a brief biography of Churchill and an overview of his papers. From Churchill College at the University of Cambridge. Visit this site.

Copyright 2003 by Librarians' Index to the Internet, lii.org


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13. Education: A history of the 2nd World War
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With the passing of another Veteran's Day here in the United States, many persons may be interested to learn about the everyday experiences of persons around the world during various military conflicts.

The BBC has created this website in an attempt to allow people to share their reminisces of World War II, and quite a few stories and tales have been contributed thus far.

Visitors to the site can browse stories by date, location, or type; additionally, stories are organized into thematic categories such as Childhood and Evacuation, Family Life, The Blitz, and Home Front. For each story, visitors have the option of commenting on each narrative, or offering their own remembrances as well.

The site also offers some links to other online features offered by the BBC, such as QuickTime movies dealing with various facets of World War II and another quirky site that details how the war affected British children. Visit this site


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14. Education: Captain Cook Society
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This is a Society for everyone interested in [British explorer] James Cook (1728-1779).

The site features chronologies of Cook's life, information about his ships and family history, images of engravings and stamps featuring Cook, the wills of Cook and his crew (including William Bligh), brief extracts from Cook's journals from 1773-1774, and more. The site also includes book reviews, selected articles from "Cook's Log" (the society's journal), and hundreds of related links. Visit this site

Copyright 2003 by Librarians' Index to the Internet, lii.org


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15. Education: Chronic Fatigue Syndrome
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The CFIDS Association of America is "dedicated to conquering chronic fatigue and immune dysfunction syndrome (CFIDS), also known as chronic fatigue syndrome (CFS)."

This site features fact sheets, symptoms, diagnosis and treatment options, a self-assessment questionnaire, research information, resources for patients and physicians, and an archive of articles from the organization's publications. Visit this site

Editor's Note: Visit our web site on how to deal with health problems and the various resources available to maintain good health. Visit this link


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16. Education: Explore National American Indian Heritage Month
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Under the theme Strengthening the Spirit, the National Register of Historic Places (in tandem with the National Park Service) has developed this site to showcase various historic properties listed in the National Register and National Park units that celebrate the achievements of American Indians and Alaska Natives.

The site was also produced to draw attention to National American Indian Heritage Month, and to assist educators with the process of incorporating into the curriculum field trips to these places. Some of the featured places on the site include the Campus Center in Alaska, which served as the location of the Alaska Federation of Natives conference in 1971 and the Southwestern Range and Sheep Breeding Laboratory Historic District in New Mexico, which was a part of a New Deal program to improve sheep breeding.

Educators will want to look through the Teaching with Historic Places modules available here that profile additional historical landmarks and sites that capture important aspects of American Indian history throughout the country. Visit this site

The Scout Report, Copyright Internet Scout Project 1994-2003


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17. Education: How did apartheid start in South Africa?
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Many of our readers have asked about doing business in South Africa and now that the cruel system of Apartheid was legally abolished in 1994, it would be helpful to know something of how it started and how it was promoted and enforced, and even worse actually supported by the majority of the whites living in South Africa, if not by active support, most by their silence and passive acceptance of this dreadful inhuman policy.

This system of separation, for many years, held back the South African economy from developing to its full potential but this country is now proving to be one the best international sources for investment and doing business. We recently received this interesting information about this question. To read more, go to our NEWS DESK link


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18. Education: Propaganda Postcards of the Great War
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The site features a collection of war-themed postal cards produced during World War 1 (1914 - 1918). The collection includes annotated images of hundreds of postcards, information about selected artists, and links to related sites. This site is both searchable and browsable. The cards are available in several languages. All cards shown [on the site] are from private collections. Visit this site.

Copyright 2003 by Librarians' Index to the Internet, lii.org.


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19, Education: The Stonehenge Project
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This site presents news and updates about a project that "is designed to improve the setting and interpretation of the Stonehenge World Heritage Site. It will remove the sights and sounds of the roads and traffic from the area near the Stones [and] improve the landscape."

The site features background information about the monument and the project, project plans, audio reports and interviews, and documents. This is a collaborative project of several British agencies and organizations. Visit this site.

Copyright 2003 by Librarians' Index to the Internet, lii.org


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20. Immigration: An easier way to get into the UK
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The brightest migrants will find it easier to enter Britain under plans to relax work permit requirements for highly skilled foreigners announced yesterday.

Ministers are to lower the number of points immigrants need to enter Britain on the highly skilled migrant programme and make it easier for people under 28 years old. To read the full report, go to our NEWS DESK link.


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21. Immigration: Illegals in UK to be given amnesty
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Hundreds of thousands of migrants living and working illegally in Britain in the twilight world of the "hidden economy" are to be given a chance to become legitimate under plans being considered by the home secretary, David Blunkett.

He has ruled out any question of a general amnesty but wants to provide a "way out" for illegal migrants who are often living on poverty wages on the margins of society but keep the catering and hospitality industries going, particularly in London and south-east England. To read the full report, go to our NEWS DESK link.

 

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22. Immigration: Tougher Rules for South Africa
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Zimbabweans wanting to visit South Africa have to meet tough new visa requirements. It is believed that the measures are to stem the tide of illegal immigrants entering the country in the wake of growing economic turmoil and human rights abuses in Zimbabwe. To read the full report, go to our NEWS DESK link

 

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23. Internet: India advances to help the illiterate
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How do you fill an electronic divide? With a lot of money, apparently.

AFP reports that India plans to spend $2.7 billion in the next four years to bridge its growing technological gap, including building an Internet device that will be accessible to illiterate villagers. To read the full report, go to our NEWS DESK link.


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24. Real Estate: House prices in South Africa
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When compared to the international market, South Africa's house prices are lagging behind, which could lead to even higher prices down the line, warn the experts.

It is not your imagination if you think that house prices in South Africa on average have increased sharply over the past few years.

According to Absa Group Economic Research the price of an average house has actually doubled from the end of 1997 to the middle of 2003. To read the full report, go to our NEWS DESK link


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25. Travel: Enjoy a visit to Cape Town & South Africa
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Cape Town: Okay, you're driving, flying or taking a train and you arrive in this great city. Well, your options are varied but you really will need some kind of transport because it's a hassle getting anywhere unless you have wheels.

Beach wise you're spoilt. On the Atlantic side you can freeze in the sea and bake in the sun at Clifton, Camps Bay, Llandudno or Hout Bay or you can take the warmer Indian Ocean route and go for Muizenberg, Fish Hoek, St James and Simons Town. Just across False Bay is the incomparable Gordon's Bay and Strand.

Perhaps the most enjoyable beach of all is Boulders because you get to swim with penguins and, believe me, there's nothing funnier than donning a mask and snorkel, putting your head beneath the water and watching a penguin watch you.

To read the full report, which also provides information on the best game and national parks to visit, go to our NEWS DESK link.

Editor's Note: Dont foget to visit our site Delamere Travel, which caters for all your travel, flights, car hire, hotels and more.



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26. Travel: How about a game of golf - at a price!
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What a shock one of our partners received on a recent visit to Cape Town. Why? Cape Town golf clubs have increased prices by up to 400% per round for visitors - both local and international - as the peak tourism season kicks in. To read the full report, go to our NEWS DESK link.


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27. Travel: New Luxury Hotel to be built in Cape Town
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The "Sun King" - luxury hotel and casino magnate Sol Kerzner - and his son, Butch, are back in business in South Africa.

On Friday, they announced a luxurious six-star resort at the Victoria & Alfred Waterfront in Cape Town, which will be one of the most expensive hotel developments ever seen in Africa.

Kerzner International's new 150-room One&Only luxury hotel will cost more than R450-million. To read the full report, go to our NEWS DESK link.

 

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This month's quote
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"Far better it is to dare mighty things, to win glorious triumphs, even though checkered by failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that knows not victory nor defeat." - Theodore Roosevelt


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Disclaimer
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Although great effort has been made in compiling and checking 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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Copyright 2003 by "Delamere-Pennine Associates - International Business Consultants" All Rights Reserved.


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