8 October 2012 South Africa is ranked 26th in the world for gross indoor exhibition space, according to the latest report from global industry association UFI, the 2011 World Map of Exhibition Venues. South Africa has approximately 180 000m² of indoor exhibition space, the Exhibition and Event Assocation of Southern Africa (EXSA), which analysed the UFI report with regards to South Africa, said last week. “UFI’s first objective was to identify venues with a minimum of 5 000m² of gross indoor exhibition space,” EXSA said in a statement. The 2011 report identified 1 197 qualifying venues, with Africa meeting the criteria for 25 venues, totalling half-a-million square metres of exhibition space available on the continent. One-third of Africa’s exhibition space in SA One-third of all the exhibition space available in Africa is located in South Africa, according to EXSA, spread over eight of the country’s biggest venues. “There are quite a few other venues with less than 5 000m² within southern Africa which were not taken into account for the UFI report,” EXSA general manager Sue Gannon noted. UFI identified the top four countries with the largest gross indoor exhibition space as the US (6.7-million m²), China (4.7-million m²), Germany (3.3 million m²) and Italy (2.2 million m²). According to the UFI report, each of the top 55 international venues is at least 100% bigger than South Africa’s largest venue – the Johannesburg Expo Centre, followed closely by the Tshwane Event Centre in Pretoria.Industry ‘growing at a phenomenal rate’ The UFI report also stated that there had been no growth in available indoor space for Africa since 2006, compared to 7% growth in Europe, 5% growth in North America and a staggering 38% growth in Asia – growth rates indicative an industry that was strong and continuing to grow at a phenomenal rate. The International Convention Centre in Durban has recently expanding its exhibition halls, said Gannon, while the Cape Town International Convention Centre was about to embark on doubling its exhibition space. EXSA said it had started research on the exhibition venues in South Africa, firstly to record the actual gross indoor exhibition space in the country, secondly to establish the actual occupancy of the venues. SAinfo reporter
frederic lardinois Related Posts Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… Thanks to the recent proliferation of do-it-yourself iPhone app services, the next big thing in Apple’s App Store might just be vanity apps. Take, for example, Appsfire’s Ouriel Ohayon, who just announced the launch of his own iPhone app. Ohayon used Odiogo Apps to create this personalized app. Odiogo, which mostly focuses on providing text-to-speech services for news sites and blogs, allows users to add RSS feeds, Twitter updates and photos from Flickr to its apps. Odiogo’s apps also feature the company’s text-to-speech services, offline access and advertising support. For now, though, potential users still have to contact the company’s sales department to get their own apps and the price of these customized apps isn’t clear. A Web Developer’s New Best Friend is the AI Wai… 8 Best WordPress Hosting Solutions on the Market Tags:#news#Trends#web More Clutter or a Great Opportunity?As the barrier of entry for creating customized iPhone apps continues to fall, chances are that we will see more and more vanity apps in the App Store. On the one hand, this could clutter the store with relatively useless apps. On the other hand, it could also provide a new source of income for independent bloggers who could use the apps to sell more advertising inventory or even charge a small fee for the app itself. Even bloggers with a small fanbase could reap the benefits of having their own iPhone apps.The question, however, is if users are actually interested in installing a single-purpose iPhone app that only gives them access to the content of one blogger. In the end, these apps are less flexible than a good mobile RSS reader. Apps like this probably make more sense for large multi-author blogs that publish a lot of content every day. On the other hand, the idea of being able to point their friends to their iPhone apps will surely prove to be irresistible for many people.
About the authorPaul VegasShare the loveHave your say Kompany hails Man City triumph: We’re at our best playing on emotionby Paul Vegas10 months agoSend to a friendShare the loveManchester City’s defenders were buzzing after victory over Liverpool on Thursday night.Leroy Sane produced the decisive moment 18 minutes from time as he collected Raheem Sterling’s pass to fire across Liverpool goalkeeper Alisson, after it seemed like Roberto Firmino’s stooping 64th-minute header would maintain the visitors’ unbeaten sequence.Sergio Aguero had given City the lead with a rising near-post drive just before the interval, this coming after an earlier moment of drama when Sadio Mane hit the post and John Stones scrambled the ball off the line after his clearance struck goalkeeper Ederson – with data subsequently showing the ball had failed to cross by just 1.12cm.On his clearance, Stones beamed: “I tried to take everything, I spotted the opportunity and I heard it was tight. I’m just happy it didn’t go over the line! Those sort of things can change a game.”Skipper Vincent Kompany also stated: “I’m not worried about the result I’m buzzing with the tremendous performance. We went toe to toe with a very aggressive team and we matched them. It’s still in Liverpool’s hands. It came from our guts, a desire you can’t describe. We are a better team when we play with emotions.”
The lecture will offer insights into the rapid growth of information and communication technologies and their implications for Jamaican young people and the wider society. Members of the public are invited to the 2017 Churches’ Emancipation Lecture to be held at the Meadowbrook United Church, 2 Flemington Drive, Meadowbrook, Kingston 19, on July 30 at 4:00 p.m. Members of the public are invited to the 2017 Churches’ Emancipation Lecture to be held at the Meadowbrook United Church, 2 Flemington Drive, Meadowbrook, Kingston 19, on July 30 at 4:00 p.m.The lecture, which will be held under the theme: ‘Youth and Technology – Exploring the Societal Impact’, forms part of Jamaica’s Emancipation and Independence celebrations.The lecture will offer insights into the rapid growth of information and communication technologies and their implications for Jamaican young people and the wider society.It will also explore the evolution applications, such as robotics, social media platforms, big data and the 4th Industrial Revolution.Adjunct Professor at the University of the West Indies (UWI) and member of the Churches’ Emancipation Committee, Fay Durrant, told JIS News that the annual lecture is one of the churches’ contribution to education, and so this is a means of bringing certain issues [to light] and provoking thought.“Young people need to prepare themselves for jobs in the future,” he said, highlighting that there are few jobs that do not require knowledge of information technology.Director of the Geo-Informatics Institute at the UWI, Mona, and Musgrave Youth Medal Award Recipient, Dr. Parris Lyew-Ayee, Jr., will deliver this year’s Lecture.Attendees will also be treated to performances, including a cultural presentation.The event, which is in its 24th staging, is organised each year by the Churches’ Emancipation Lecture Committee with members drawn from a group of Jamaican churches. These include Bethel Baptist, Boulevard Baptist, Hope United, Meadowbrook United, and Webster Memorial United, as well as the United Theological College of the West Indies (UTCWI). Story Highlights
New Delhi: The government on Saturday clarified that enhanced surcharge has been withdrawn for foreign portfolio investors on capital gains in both the equity and derivatives segments. The Centre on Friday had announced a slew of measures to boost the economy, including rollback of enhanced super-rich tax on foreign and domestic equity investors imposed in the Budget. The derivatives (futures and options) are not treated as capital asset and the income arising from the transfer of the derivatives is treated as business income and liable for normal rate of tax for domestic investors, an official statement said on Saturday, clarifying the stand of tax authorities on gains made from derivatives trading. However, in the case of foreign portfolio investors (FPIs), derivatives are treated as capital assets and the gains arising from the transfer of the same is treated as capital gains and subjected to a special rate of tax as per the provisions of the Income Tax Act. “Therefore, it is also decided that the tax payable on gains arising from the transfer of derivatives (Future & options) by FPI which are liable to special rate of tax under section 115AD of the (Income Tax) Act shall also be exempted from the levy of the enhanced surcharge,” it said. However, the tax payable at normal rate on business income arising from the transfer of derivatives to a person other than FPI shall be liable for the enhanced surcharge, it added. In the 2019-20 Budget, the government had increased surcharge from 15 per cent to 25 per cent on taxable income between Rs 2 crore and Rs 5 crore, and from 15 per cent to 37 per cent for income above Rs 5 crore. Following the increase in surcharge, the effective income tax rate for individuals with taxable income of Rs 2-5 crore has gone up to 39 per cent from 35.88 per cent and for those above Rs 5 crore to 42.7 per cent. The government on Friday had announced a raft of measures to revive growth momentum, including exemption of startups from ‘angel tax’, a package to address distress in the auto sector and upfront infusion of Rs 70,000 crore to public sector banks. Meanwhile, Vedanta Resources Ltd Executive Chairman Anil Agarwal said these comprehensive measures will ensure adequate liquidity, sufficient demand creation and cheaper loans. “The goverment has taken care of sectors ranging from MSMEs to auto and from NBFCs to banks, thereby ensuring adequate liquidity, sufficient demand creation and cheaper loans,” he said.
Fulham manager Claudio Ranieri has described midfielder Jean Michael Seri as a “very important” player for the club and has vowed to help build his confidence.Jean Michael Seri signed for Fulham from Nice for a club record of around £25million in July 2018.The Ivorian was impressive in Fulham’s 1-1 draw with Leicester on Wednesday but failed to make much of an impact as they lost 4-1 to United on Saturday.Ranieri believes that once his confidence is back, he can help Fulham stay in the Premier League this season.“It’s important he continues to play because I believe he can improve more,” Ranieri told Sky Sports.“In Nice he played so well two years ago, he was fantastic. In the newspapers it was that Barcelona wanted him.“Maybe he stayed there in Nice and his confidence went down a little – maybe he wanted to go, but he stayed in Nice, and the second year was so-so.Report: Nice has been sold to billionaire Ratcliffe George Patchias – August 27, 2019 French Ligue 1 club Nice has been sold to British billionaire Sir Jim Ratcliffe and his Ineos chemical company.According to the BBC.co.uk, one of…“For this reason, Fulham had the chance to buy him, and for me, he’s a very, very important central midfielder.“He’s a key player because a lot of the play goes through him, and the other midfielders.“This is very, very important, because he always shows for the ball, plays with the ball, and is important for his team-mates.“I give him a lot of confidence, and him to his team-mates. It’s very important to have the confidence of the manager.“He is very, very important. If you [climb] off the bottom, confidence gets higher and we can do something more.”
Roberto Suazo Cordova, president of Honduras during the US-financed “Contra” war against Nicaragua in the 1980s, died on Saturday, officials said.Suazo, who was president from 1982 to 1986, was being treated at a military hospital near Tegucigalpa for cardiac issues when he died, the Honduran armed forces spokesman told AFP. Suazo was 91.Suazo became president after the United States pressured the Honduran military to leave after two decades in power, part of a broader effort to counter the advances of leftist movements in Central America.Then U.S. president Ronald Reagan feared an expansion of Cuban and Soviet influence in the region after dictator Anastasio Somoza in neighboring Nicaragua was toppled by the leftist Sandinista insurgency in July 1979.Under Suazo’s presidency, U.S. officials financed an irregular army of mostly Nicaraguan ex-Somoza National Guard soldiers to launch cross-border attacks against the Sandinistas.This force of “Contras” at its height had 16,000 fighters, but never seriously threatened the Nicaraguan government.A medical doctor by training, Suazo took office promising jobs in a country where today 70 percent of its nine million inhabitants live in poverty.But as president, he focused more on the U.S.-supported low-intensity war on leftists within Honduras and in Central America.Forced disappearances of Honduran dissidents that took place under the military regime continued under Suazo and into the 1990s.One of his administration’s legacies is the Palmerola Air Base, built with US funds in the mid-1980s and still used by U.S. military personnel.Thanks for reading The Tico Times. We strive to keep you up to date about everything that’s been happening in Costa Rica. We work hard to keep our reporting independent and groundbreaking, but we need your help. The Tico Times is partly funded by you and every little bit helps. If all our readers chipped in a buck a month we’d be set for years. Support the Tico Times Facebook Comments Related posts:VIDEO: New Costa Rican documentary explains forced Central American migration Honduras concludes voter recount, no winner declared Honduran opposition protesters take to the streets Honduras police clash with students demanding president’s ouster
In This Issue… * French election results… * Dutch to attempt to pass budget… * Aussie PPI weakens… * Thoughts on Oil… And, Now, Today’s Pfennig For Your Thoughts! Politics & Uncertainty Push Halt The Currencies… Good day… And a Marvelous Monday to you! WOW! What an experience Saturday Night! I got a ticket (Thanks Rick!) to the Blues game, and watched them win the game and the series to advance to the second round… I had never witnessed the lining up of the players for the traditional handshake at series end… Talk about loud… That crowd was loud from start to finish, and a pretty thrilling end to the game… WOW! Well… we ended Friday with the dollar sliding, and the currencies taking liberties with the green/peachback… The euro traded through the 1.32 figure as we ended the day. However, I thought at that time, on Friday, that the single unit had gone too far, given what was ahead of it over the weekend… You see, France held preliminary elections, and it appears that incumbent, Sarkozy, is in trouble… But the real problems from the weekend elections came from the “anti-euro National Front”… The were defeated, but… gained more votes than any far-right party had ever secured, thus making their platform something that either Sarkozy or his challenger, Hollande, will have to deal with going forward… Hearing the results, just deep sixed the 1.32 figure for the euro… And I have a feeling it won’t stop there once the NY boys and girls arrive at their desks this morning… But that’s not all that’s bugging the euro this morning… In the Netherlands, there are all kinds of hand wringing and sawdust being left on the floor, and the Dutch cabinet is meeting today to discuss passing a budget that meets European Union targets… Going into the meeting, The Freedom Party, withdrew their support for the current government… Welcome to Parliament proceedings and goings on, is all I can say… But here’s what affects the euro… Questions… and the Unknown… and if there’s one thing I’ve taught everyone going back to 1992 when I began writing the Pfennig, is that whenever the markets have questions about leadership, or the markets don’t know what the leadership of a country will be, they punish the currency… So, with the euro running and hiding from the dollar this morning, the rest of the currencies are high-tailing it too… The one currency that is doing well besides the dollar is the Japanese yen… And the one currency that Should be doing well and isn’t… Gold… slips further down the slippery slide, losing $10 this morning. The Chinese renminbi remained steady Eddie last night… But, the Chinese Gov’t has shown a bias toward a slower appreciation if not a weaker renminbi in the past week. I don’t get too concerned about these weekly movements in the renminbi, as I’ve told you over and over again, the real goal of the Chinese is to gain a wider distribution of the currency, and they won’t do that by keeping a lid on the renminbi… Last week I told you how Britain’s pound sterling had been the best performer overnight, and how it had done well recently, but cautioned against getting too lathered up about the pound, given all the debt problems in the U.K. But this weekend, I got to thinking about that thought, and while I don’t disagree with saying it, I do now think that traders could be looking for someplace to go with cash other than the euro… I sent in my article for the publication that I write for… The World Money Analyst, published by the Casey Research people… I told you all about how the letter was a collection of writers / analysts in all fields of investment… You should check it out! Anyway, what I was going to tell you was that the latest piece that I sent in, was about Norway… I talked about how the Norwegian krone was an alternative to the euro, with completely different fundamentals… The thing that keeps the krone from ascending to the top of the currencies is the fact that they don’t have a bond market with the depth and liquidity of the U.S, Japan, U.K. and even the Eurozone… Hedge funds, and large institutions just eat up bonds from countries even the U.S. So, Norway has some work there, but you see they don’t have debt… so why issue bonds? There are Norwegian bonds. In my former life as a foreign bond trader, I bought and sold quite a few NGB’s (Norwegian Gov’t Bonds)… But take a country like China, and their Sov. Wealth Fund… they’re demands for investment size would not be met in Norway… Not yet… So… getting back to the U.K. pound… you can see why, even with all the problems in the U.K. that the pound gets played here, and that’s because of the depth of its bond market. Now, all this doesn’t mean I’m not a fan of Norway any longer… I still believe it’s a great alternative to the euro, and you know me, I’m a sucker for Surplus countries… There’s a lot that can be said for a country that has kept its hands out of the cookie jar, and has kept the Fiscal Books in the black for this long… I mentioned above the fact that investors around the world continue to line up to buy U.S. Treasuries… maybe not as much as in previous years, but still enough buying to push yields even further to record lows… I just don’t get it folks… Down Under… Australia printed its 1st QTR PPI number today, and it was below the forecasts made for wholesale inflation… And that has really “upped the ante” on a rate cut in May… Recall I told you a couple of times last week that the Reserve Bank of Australia (RBA) had hung their rate cut hat on the 1st QTR CPI which will print tomorrow (tonight for us)… Well, with a weaker PPI feeding CPI, the markets are now adjusting their calls for CPI… downward revisions to the forecasts are not taking place… And that, my friends and dear readers, is what’s bugging the Aussie dollar (A$) this morning, and pushing it below $1.03… If the markets are thinking that CPI will be weaker, then the rate cut is in… But here’s where I think most people get confused, and I’ll try to be as clear about this as I can… When I say, or you hear the term, “a rate cut is priced in already, means that the markets have viewed the chances of a rate cut, and made a decision that one will be made at the next Central Bank meeting… In doing so, they go ahead and sell the A$ now… So, when it comes time for the RBA to meet in May, and a rate cut is made, there shouldn’t be much A$ selling in reaction to the actual cut, because, the sales have already been made… thus the rate cut was “priced in”… And then that leads to the RBA press Conference to see if they give any hints about further action… I’m doing the Tom Bodette (sp) and keeping a light on for not rate cut… But this PPI data that printed (-.3%) has really shaken the foundation of my believing that no rate cut would take place… But here’s the thing to think about… What if CPI surprises to the upside of the forecasts of .5%? Anytime you have everyone thinking that something will be weaker, there’s a risk that of a surprise… so, I’ll keep the light on… Well… the Fed’s FOMC will meet tomorrow… and while we’ll hear more confirmation of the keeping rates near zero through 2014, which should be dollar negative, I don’t think we’ll hear any additional thoughts on stimulation for the economy. I also don’t think we’ll hear Big Ben come out and say “read my lips, no further stimulus”… For the Then There Was This today, I’m going to bring you snippets of an article that was in our local paper (The Post Dispatch) from Economics reporter, David Nicklaus… I’ve used David Nicklaus’ thoughts before in the Pfennig… So, he’s talking about how tinkering with Oil could make prices more volatile… So, if you don’t believe this, and agree that the Gov’t should get involved then go ahead and skip to the recap. And if you do read it and want to fire off an email to me telling me how dumb I am… save yourself the time… OK? Here’s David Nicklaus…. “By proposing a crackdown on oil market manipulation, the President scored a few political points last week. If Congress goes along with his $52 Million request to hire more regulators, he may even root out a few bad actors who are making illegal trades. Just don’t expect any of this to make a dime’s worth of difference at the gasoline pump.” “James Williams, an energy economist said that he’s, “all for cracking down on rogue traders, but doesn’t think the bad guys caused oil prices to rise. That can be traced to worries about Iran, supply problems in Nigeria, and other trouble spots around the world.” He went on to say, “I don’t think what they’re (the Gov’t) is thinking about so far will have that great of an impact, certainly nothing that you or I would notice at the pump.” Chuck again… OK… so… if all these regulators and $52 million that we don’t have to spend, isn’t going to make a difference in the price at the pump, then why do it? Another Gov’t dept that will grow and grow, and before you know it they will be taking out Billions each year… There’s precedence here… To Recap… The strong currency rally on Friday, gave way to selling this morning, as the markets react to a couple of things surrounding politics in the Eurozone… The French elections and the Dutch attempting to pass a budget without the support of a minority party… The A$ got whacked this morning when 1st QTR PPI printed very weak, thus giving the markets the idea that CPI will also be weak, thus leading to a rate cut in May, by the RBA. Currencies today … 4/23/12: American Style: A$ 1.0290, kiwi .8110, C$ $1.0025, euro 1.3135, sterling 1.6085, Swiss $1.0930, … European Style: rand 7.8550, krone 5.7475, SEK 6.7410, forint 227.85, zloty 3.1960, koruna 19.0630, RUB 29.51, yen 81.10, sing 1.2490, HKD 7.7610, INR 52.56, China 6.3085, pesos 13.17, BRL 1.8715, Dollar Index 79.50, Oil $103.01, 10-year 1.92%, Silver $31.14, and Gold… $1,631.85 That’s it for today… Well… I saw Chris Gaffney at the hockey game Saturday night, although he didn’t see me! Thanks again to good friend, Rick, for the invite! My beloved Cardinals continue to win 2 of 3, wining all 5 series to start the season… Good for them! I hope I didn’t jinx them! I head to the oncologist today… This will be the start of scans and blood work, etc. to see how I’m doing… although I do get a stay of execution so to speak, as I’ll be on the road starting Thursday this week through May 7th… Then home for 6 days before heading to Las Vegas… So, the doctor won’t be happy that he can’t get me in for the tests, but he’ll get over it! Alex had a great Water Polo tournament… In the championship game, he scored 4 including the game tying goal, as his team came from a deficit of 0-4, to win 6-5… he slept all day yesterday, dead tired for sure! OK… I’ll get out of your hair today… Thanks for reading the Pfennig… now go make this a Marvelous Monday! Chuck Butler President EverBank World Markets 1-800-926-4922 1-314-647-3837 www.everbank.com