The
Delamere-International Newsletter ©
Edition
of 31 July 2003 #125
This Newsletter is published as a Free Service to all clients
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This Month's Sponsor
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Ken Grunski, founder and president of Telestial Inc., said HopAboard
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IN
THIS ISSUE
1.
Business: A bold step to block money laundering in South Africa
2. Business: Choosing the Best Type of Investments
3. Business: Invest in Gold Now
4. Business: South African Shares are Cheap
5. Business: Commercial telephone calls are now being blocked
in the USA
6. Business: India starts to reap benefits of free market reforms
7. Business: New Convention Centre Opens in Cape Town's Waterfront
8. Business: Russians open up aircraft factory in Namibia
9. Business: South Africa the crime & corruption capital of
the world?
10. Business: South Africans Holding Offshore Funds.
11. Business: South Africans working abroad
12. Business: Trade between South Africa & India
13. Business: Watch Your Manners When Negotiating
14. Business: What sort of investor are you?
15. Education: A collection of animal sounds
16. Education: Commonwealth Institute confronts education challenge
17. Education: The end of the GCE UK Examination System
18. Travel: History of Kenya
19. Travel: British Heritage to be preserved
20. Travel: Cost of a UK Passport to be increased
21. Travel: International Travel on the move
22. Travel: The International Drivers' Permit (IDP)
23. Travel: Travel Warnings
24. Travel: Visit the Tate Gallery London
25. Travel: Which visa to use by Irish visitors?
26. Travel: Visitors to the USA
27. Immigration: New Zealand Immigration Rules to change
28. Immigration: Services in the UK will cost you
29. Immigration: Visitors to the UK
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1. Business: A bold step to block money laundering in South
Africa
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Cape
Town - Opening a new bank account from Monday is going to
get just a little more time consuming because new anti-money laundering
legislation taking effect on that day will require customers to
provide banks with additional personal information.
The
Financial Intelligence Centre Act 2001 aims to bring South Africa
in line with international standards by combating money laundering
and identifying the proceeds of illegal activity. It also imposes
duties on institutions such as banks and their employees when
they encounter incidents of money laundering. A Financial Intelligence
Centre was established on February 3 this year to receive and
analyse reports of suspicious and unusual transactions. To read
the full story, go to our NEWS
DESK link.
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2. Business: Choosing the Best Type of Investments
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Do
you feel daunted about choosing an investment? It's little wonder,
given the thousands of options on offer locally and abroad.
Here's
how to cut through the confusion as you narrow your hunt for the
best possible investment: To read more on the 9 essential steps
to consider, visit
this link.
Editor's
Note: Our firm is currently offering a FREE 190 page
e-book that contains a wealth of free information and
charts for traders and investors interested in technical analysis!
Download the E-Book by contacting our firm or by visiting our
page on Investing.
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3. Business: Invest in Gold Now
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JOHANNESBURG
- Controversial gold analyst Nick Goodwin has turned bullish
on gold metal and shares, calling for a run in bullion to $400/oz
before the end of the year; but he warns that his optimism is
only temporary. To read the full story, go to our NEWS
DESK link.
Editor's Note: We are currently advising all of our clients
to buy gold coins or bullion or if this is a problem, then buy
gold shares. If you need advice on the best method of buying using
the Internet please contact us or visit our page on Investing.
We also have a page that you can "bookmark" which gives
the current prices in real time, of all precious metals. Visit
this page.
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4. Business: South African Shares are Cheap
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Despite
the dull performance from local equities over the year to date,
UBS Warburg believe there is a reasonable case to be made
for adding South African stocks to an emerging market portfolio.
Their
analysis is not without caution, though. To read the full report,
go to our NEWS
DESK link.
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5. Business: Commercial telephone calls are now being blocked
in the USA
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The
new "National Do Not Call Registry."
You
can use this site to register your personal home and cell phone
numbers to avoid most telemarketers, who as of fall, 2003 cannot
call your telephone number if it is in the "National Do
Not Call Registry." Also verify your registration, change
it, or file a complaint about failure to honor this registry.
From
the Federal Trade Commission (FTC).
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6. Business: India starts to reap benefits of free market
reforms
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New
Delhi - As one of the six fastest growing economies in the
world, India was beginning to reap the benefits of free market
reforms launched more than a decade ago, analysts and government
officials said yesterday.
Sunil
Kant Munjal, the vice-president of the Confederation of Indian
Industry, said the gamble with politically sensitive reforms such
as privatisation of state-run firms and opening the telecommunications,
motor and power sectors had paid off. To read the full story,
go to our NEWS
DESK link.
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7. Business: New Convention Centre Opens in Cape Town's
Waterfront
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Young
international pop violinist Vanessa Mae will perform at the opening
of Cape Town's convention centre, chairperson of the centre's
board Ebrahim Rasool said on Wednesday. To read the full report,
go to our
NEWS DESK link.
For additional information about the opening night, read this
report from one of our clients in Cape Town. Click
here.
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8. Business: Russians open up aircraft factory in Namibia
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Windhoek
- A Russian company, Mars, planned to set up a multimillion-dollar
aircraft manufacturing plant at Keetmanshoop, south of the Namibian
capital. To read the full story, go to our News
DESK link
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9. Business: South Africa the crime & corruption capital
of the world?
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"We're
working with a bunch of criminals" our reporter in Cape Town
told us. South African companies head the world list of white-collar
crime when it comes to fraud, asset theft, corruption and bribery.
To read the full story, go to our NEWS
DESK link.
Editor's
Note: Our firm has first hand experience of this terrible
situation as we discovered senior staff members of one of our
business holdings in Cape Town to be criminal and in league with
the local police to the extent that all charges, dockets and files
regularly disappeared when we tried to pursue charges against
these culprits. Read our web page on problems being experience
by small businesses worldwide. Go
to this link.
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10. Business: South Africans Holding Offshore Funds.
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We
have received many questions about this problem and if any penalties
will be levied if a South African repatriates their funds being
held illegally offshore.
We
suggest that our readers go the web site of one our partners and
review the "Questions From Readers" on the subject
"The Question Of Grey Money."
To
read the full report got to our NEWS
DESK link
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11. Business: South Africans working abroad
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With
the exchange rate providing a strong incentive to earn foreign
currency, young South Africans are keener than ever to go abroad,
for the boost to their finances, as well as invaluable work experience.
We
look at the potential for securing a foreign income and unravel
the complicated process of entering pastures new. To read this
full report, go to our NEWS
DESK link.
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12. Business: Trade between South Africa & India
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The
US 10-million dollar agreement was signed during the fifth India/South
African Joint Ministerial Commission (JMC) meeting in Pretoria
on 4th July 2003, further cementing economic ties between South
Africa and the Asian sub-continent.
An
agreement was signed, worth about R75-million, with Export Import
Bank of India (Exim) to facilitate the export of capital goods
and equipment from India to South Africa. To read the full story,
go to our NEWS
DESK link
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13. Business: Watch Your Manners When Negotiating
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Bangalore,
India - Software professional Sudhir Udayakanth, who heads
a company managing web content, lost a foreign client when one
of his Indian engineers repeatedly burped at the negotiating table.
So
he set up an academy seven months ago in India's technology hub
of Bangalore to train code writers and engineers on how to dress,
communicate and mingle in professional settings. To read the full
report, go to our
NEWS DESK link.
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14. Business: What sort of investor are you?
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Take
this quick quiz to work out whether you should be investing in
shares, bonds or keeping your money in an old sock under your
mattress.
Many
financial advisers size up your investment personality before
making a call on where you should invest your cash. To read the
full story, and take this short quiz, go to our NEWS
DESK link.
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15. Education: A collection of animal sounds
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This
fascinating website is part of Ohio State University, Borror Laboratory
of Bioacoustics and houses one of the largest collections of recorded
animal sounds in the world.
The
site features a catalog and database browsable by common or scientific
name of the "approximately 28,000 recordings of over 1000
species of animals." Also includes sound samples, tips
for documenting recordings, and related Web links. Visit
this site
Copyright
2003 by Librarians' Index to the Internet,
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16. Education: Commonwealth Institute confronts education
challenge
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London. Over 500 million children have no education. In
1920, HG Wells wrote, "human history becomes more and more
a race between education and catastrophe."
More than 80 years on, the Commonwealth illustrates his point
with education one of its highest priorities and greatest challenges.
A seemingly rapid response to the call for cooperation and innovation
has come with the announcement by the Commonwealth Institute of
a pan-Commonwealth Centre for Commonwealth Education at Cambridge
University, devoted to primary and secondary education.
The initiative has been greeted enthusiastically throughout the
Commonwealth, from Buckingham Palace down. To read the full story,
go to our NEWS
DESK link.
Editor's Note: One of our clients in Cambridge is now actively
setting up a service for education facilities in Southern Africa,
especially Swaziland and Lesotho. If you would like to assist
or donate to this fund, visit
our web page.
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17. Education: The end of the GCE UK Examination System
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Moves
to replace A levels and GCSEs with a new school diploma will begin
in three years' time under the biggest reform of examinations
for half a century. To read the full report, go to our NEWS
DESK link.
Editor's
Note: For an update on current trends in education services,
especially online learning, visit
our web page
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18. Travel: History of Kenya
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We
recently had this useful site referred to us while undertaking
some research into the family tree of one of our partners. "A
Brief History of Lord Delamere & Kenya" and we are
sure your will find it very helpful in understanding the present
situation in Kenya today.
Visit this site.
Editors Note: If you are interested in your family tree
and family origins, visit our web page on Genealogy
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19. Travel: British Heritage to be preserved
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There
are around 500,000 buildings, monuments and landscapes that are
currently protected under a variety of schemes - including listed
buildings, scheduled monuments and conservation areas.
The government has now put forward ideas for simplifying and improving
the way our heritage is safeguarded. To read the full story, go
to our NEWS
DESK link.
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20. Travel: Cost of a UK Passport to be increased
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Our agent in London tells us that the price of a standard passport
is to rise 36 per cent to pay for anti-fraud measures and debt
from a computer fiasco. A new ten-year passport will cost £42
from October 2003, a rise of £9, which is 13 times the rate
of inflation.
Editor's Note: Our travel agency at Delamere Travel
offers an online service to obtain your passport from several
major countries. Visit
this page
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21. Travel: International Travel on the move
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PARIS
- After a sharp decline because of the US war on Iraq, the
outbreak of SARS and the economic downturn, international travel
is expected to bounce back in the coming months, the head of the
UN's World Tourism Organization said.
"We have the impression that we are coming out of the
tunnel," Francesco Frangialli told a media conference
in Paris. To read the full report, go to our NEWS
DESK link
Editor's Note: For the latest deals on airfares and tours
for your next holiday visit our site at Delamere
Travel (Incorp.Boston Travel-Cape Town)
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22. Travel: The International Drivers' Permit (IDP)
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Getting
a new Driver's License is just one of the many details that must
be taken care of when an assignee moves to a new country. Many
people think that obtaining an International Driver's License
before leaving the home country will solve their problem. However,
this is not the case.
The International Drivers' Permit (IDP) was established
by the United Nations in 1949. It serves as a legal identification
document that translates the valid country driver license into
11 foreign languages.
The
IDP is not available via Internet or mail order.
This
information by courtesy of www.themigroup.com
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23. Travel: Travel Warnings
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For
our clients who are traveling this month, we advice checking the
web site of the US Government, which has the latest reports from
the various consulates regarding conditions and dangers, if any,
of all countries of the world. click
here
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24. Travel: Visit the Tate Gallery London
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"Tate
Gallery: Turner Online."
This
Web site is devoted to Joseph Mallord William Turner (1775
- 1851), one of Britain's most famous, and somewhat controversial,
artists.
Turner
displayed his first oil painting at the Royal Academy at the age
of 21, and he remained actively involved at the Academy for the
rest of his life. The site provides a brief biography of the artist
as well as a timeline in which Turner's accomplishments are placed
in the context of other political and cultural events.
Since
Turner's art was somewhat controversial this site also includes
feedback from other artists and writers, such as Constable, Ruskin,
and Matisse.
Finally,
the Web site includes Focus Sheets for teachers who take their
students to Tate, the location of the national collections of
British Art and international modern art.
Visit this site
From
The Scout Report, Copyright Internet Scout Project 1994-2003
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25. Travel: Which visa to use by Irish visitors to the USA?
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A
recent case was referred to us regarding using the normal B2
Visa for a visit to the USA or using another more difficult
visa because the visitors were planning a small entertainment
tour of the east coast of the USA.
To
read the full story, go to our NEWS
DESK link.
Editor's
Note: For up to date information on the various ways to visit
or live in the USA, please visit our web page in Immigration.
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26. Travel: Visitors to the USA
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All
visitors using the Visa Waiver program must have a machine-readable
passport. Any traveler without a machine-readable passport will
be required to obtain a visa before entering the country.
Mandated
by the USA Patriot Act of 2001, the requirement applies to both
adults and children.
As
of the effective date, immigration inspectors may deny entry to
travelers without machine-readable passports who attempt to enter
the U.S. on a visa-waiver basis. Citizens of Visa Waiver Program
countries may enter the U.S. for general business or tourist purposes
for up to 90 days without a visa.
Visit
the site of the US
Government Department of State
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27. Immigration: New Zealand Immigration Rules to change
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Sweeping
changes to immigration rules will shut the door to tens of thousands
of people already in the queue to come to New Zealand.
The
overhaul of immigration policy announced yesterday is also expected
to mean some people already living here, but still seeking residency,
will be forced to leave. To read the full story, go to our
NEWS DESK link.
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28. Immigration: Services in the UK will cost you
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Foreign nationals living in the UK will have to pay the full costs
of the immigration services they use from 1 August 2003, resulting
in an annual saving of £90 million for the government and
the taxpayers.
Postal applications will cost £155, with a premium 'same
day' service for personal callers costing £250. To read
full story visit
this site
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29. Immigration: Visitors to the UK
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Starting
November 13, 2003, Koreans who wish to stay in the United Kingdom
for more than six months will require prior clearance.
The
new immigration measures introduced by the UK government earlier
this week will be applied to 10 non-European nations i.e. United
States, Canada, Japan, Australia, New Zealand, Singapore, Malaysia,
South Africa, Republic of Korea and Hong Kong.
The
clearance will be issued at British embassies in the form of a
sticker accompanying a photo in their passports. To read the full
story, go to our NEWS
DESK link.
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This month's quote
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I
do benefits for all religions. I'd hate to blow the hereafter
on a technicality.
~ Bob Hope
Editor's
Note: The management and staff at Delamere-Pennine Associates,
mourn the sad loss of Bob Hope on 27 July 2003 aged 100, and offer
their condolences to the family and close friends of Bob. For
a review of his best jokes visit
this link.
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.
Copyright 2003 by "Delamere-Pennine
Associates - International Business
Consultants" All Rights Reserved.
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