Daily Archives: April 4, 2017

Freedom Park launches World War 1 Exhibition “The Great War in Broad Outlines”,

The Embassy of Belgium and Freedom Park Launch World War 1 Exhibition The Great War in Broad Outlines

Media is hereby invited to attend a media briefing on the World War 1 (WW1) Exhibition, entitled ‘The Great War in Broad Outlines, to be held at Freedom Park on Thursday 6 April 2017 at 09h00. The media briefing precedes the official launch taking place in the evening at Freedom Park. The briefing will also unpack elements of the forthcoming Seminar to be held on 7 April 2017.

Attending the press briefing will be amongst others, H.E. Hubert Cooreman, Ambassador of Belgium, Griet Brosens, historian and designer of the exhibition, Institute of War Veterans, Dominique Dendooven, historian, Flanders Field Museum, Jane Mufamadi, Freedom Park CEO as well as Curators and Researchers.

The exhibition The Great War in Broad outlines is a travelling exhibition that is being shown around the world in the framework of the centenary of the First World War.

Source: Government of South Africa

On the Occasion of the Republic of Senegal’s National Day

On behalf of the American people, we send our best wishes to the people of Senegal as you celebrate your independence on April 4.

Your role in ensuring peace and security in the region as a member of the United Nations Security Council, your robust contributions to peacekeeping missions throughout the continent, and your efforts to help mediate regional disputes attest to your strength and vision as a nation.

The United States remains committed to strong relationships with valued partners like Senegal. We will continue to support Senegal’s ongoing efforts to grow its economy and attract investment, and to assure safety and security for all its citizens.

Congratulations on your 57th anniversary and best wishes for a year filled with peace and prosperity.

Source: U.S Department of State

Minister refutes claims of non-payment of grants

Pretoria – Social Development Minister Bathabile Dlamini has refuted claims raised by the Democratic Alliance (DA) on behalf of beneficiaries, who reportedly did not get their social grants at Rabasotho Community Centre in Tembisa on Monday.

According to the Minister, Rabasotho Community Centre was not scheduled for payment on Monday.

Rabasotho Community Centre is scheduled for payment from April 4 – 7 and beneficiaries were given slips last month that clearly state dates and venues.

The DA should have simply asked people for these slips or contacted the call centre for assistance, as was widely communicated. Members of Parliament, especially if they are members of the Portfolio Committee on Social Development, have a duty to give information and educate South Africans.

The DA should have at least tried to find the correct information for the supposedly stranded beneficiaries,” said Minister Dlamini.

Social grants are paid over 15 days beginning on the first day of each month and payment will continue until April 17 in Gauteng.

Social grants are paid through various channels including merchants, banks, points of sale, ATMs and South Africa Social Security Agency (SASSA) cash pay points.

The Department of Social Development says beneficiaries, who have any challenges with grants, must call the SASSA call centre on 0800 60 10 11 to get assistance.

By the end of April 1, SASSA had disbursed over R3.3 billion.

With regard to deductions on grants, the Minister committed to following the Constitutional Court order to the latter.

Source: South African Government News Agency

SOUTH AFRICA WINS AWARD AT DUBAI INVESTMENT MEETING

PRETORIA, The South African government’s investment promotion agency, InvestSA, has been recognized for its outstanding work with a runner-up award at the Annual Investment Meeting in Dubai, the Department of Trade and Industry says.

InvestSA took home the runner-up award at the seventh edition of the two-day Annual Investment Meeting (AIM) which ended at the Dubai World Trade Centre in the United Arab Emirates (UAE), on Monday.

The AIM Investment Award is granted to investment promotion agencies in each region globally in recognition of their outstanding work in attracting sizeable and beneficial Foreign Direct Investment (FDI) projects and thus contributing to economic growth and development of their markets.

Trade and Industry Minister Rob Davies congratulated InvestSA for the award, which is the fourth which South Africa has received from AIM in its seven-year history.

Davies added that receiving the award was evidence that InvestSA could compete with the best investment promotion agencies in the world and was capable of facilitating large scale projects that contribute in growing the country’s economy and creating much-needed employment opportunities.

The AIM is a premier event focusing on FDI in developing markets. It is the leading global platform aimed at facilitating strategic networking and promoting investments while providing learning experience.

Source: NAM NEWS NETWORK

SA should not be despondent: Minister Gigaba

Pretoria – While South Africa has its challenges, the country should not be desponded following announcements made by rating agencies, Finance Minister Malusi Gigaba said on Tuesday.

South Africa currently has R2.2 trillion in public debt, with approximately 10% of this debt being denominated and repaid in foreign currency.

On Monday, Standard & Poor’s lowered its credit rating for this portion of the country’s public debt to below investment grade.

Our rand denominated debt, which constitutes 90% of the debt portfolio, remains investment grade rated. Moody’s, which continues to rate government debt two notches above sub-investment grade, has indicated their intention to review the rating, the Minister said.

Addressing media at the National Treasury offices in Pretoria, Minister Gigaba — who earlier in the day held a meeting with former Finance Minister Pravin Gordhan — said while the decision is a setback for South Africa, he is confident in the South African economy.

We acknowledge that yesterday’s announcement was a setback. Despite our current challenges, now is not the time for despondency. We have many strengths we can leverage to grow our economy inclusively. We will act decisively as government, he told media following the meeting.

The main reasons given by S&P for the downgrade include the recent executive changes, which they say have put at risk fiscal and growth outcomes.

The Minister said the decision by Moody’s to initiate a review for a downgrade was prompted by the abrupt change in leadership at key government institutions.

A country’s investment grading becomes junk status when two of the three ratings agencies actually downgrade it to that status. What this means is that it’s a setback but we have no reason to be despondent, he said.

Commitment to fiscal consolidation

Minister Gigaba said while the executive leadership of the finance portfolio has changed, government’s overall policy orientation remains the same.

Government has been and will remain committed to a measured fiscal consolidation that stabilises the rise in public debt. The fiscal trajectory that our country is pursuing will continue. Our fiscal objectives remain unchanged. We are committed vigorously to pursuing economic growth in an inclusive way, he said.

He said South Africa, which recognises the concerns raised by the rating agencies, will address these concerns.

He said, however, the agencies have acknowledged South Africa’s strengths, which include a stable monetary framework, giving government confidence.

Going forward, we will be dedicating energy to engage with business leaders, organised labour and rating agencies. We will act with urgency to accelerate inclusive growth and development so that we can reverse poverty, unemployment and inequality, said Minister Gigaba.

Government has said there is a need to reignite South Africa’s growth engine.

Plans to meet rating agencies

Minister Gigaba said he intends in the near future to lead a delegation of stakeholders to meet with rating agencies, including Moody’s and Fitch, which will announce its rating decision on Friday.

We need to address perceptions about political stability and reassure them of our intention to steer the course, said the Minister, adding that government has not abandoned radical economic transformation, with a focus being set on industrialising the economy.

Meanwhile, the Minister said he intends to meet with stakeholders such as Chief Executive Officers of banks as well as labour.

Source: South African Government News Agency