Saturday, April 23, 2016

Free Festival To Showcase Cape Town's Port Life

Long Weekend Fun: Free festival to showcase Cape Town's port life

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Cape Town - Port Festivals are a widely celebrated aspect of South African ports and – in a bid to reintegrate the ports with their communities – Transnet National Ports Authority (TNPA) is once more rolling out these action-packed events across the country’s ports.
The Cape Town Port Festival:
Date: A two-day event running over a long weekend from Saturday, 30 April to Sunday, 01 May
Where: In and around the Port of Cape Town - A Berth, Duncan Dock
Time: From 10h00 until 20h00 on Saturday, 30 April and from 10h00 until 17h00 on Sunday 1 May.
Cost: Entry to the festival is free.  
What to Expect: port-goers can mingle with celebrities, visit craft stands, dance along to some of South Africa’s top DJs, enjoy a picnic with loved ones or indulge in the numerous waterside and landside activities on offer.

TNPA Chief Executive Richard Vallihu says, the port authority is pursuing the concept of ‘smart people’s ports’ with a focus on development as well as technology.
"To us, progressive and sustainable ports are those that co-exist and evolve with the communities where the commercial ports are."
These port festivals, not only uplift communities but exposes the public SA's ports in a fun and innovative way, says Vallihu.
More plans are afoot to open the ports up to promote tourism, leisure, recreation, career and business opportunities and community engagement.
The first port festival in more than 10 years kicked off last year, with a launch in one of the country’s major port cities – Richards Bay, KwaZulu-Natal. It saw thousands of people flock to the Port of Richards Bay to enjoy naval vessel tours, water sports, ocean activities, kids’ entertainment and live performances by a host of South African artists and DJs.
TNPA’s Cape Town Port Manager Sipho Nzuza says, "We want the communities around our ports to feel a sense of belonging and ownership. The two-day Cape Town Port Festival promises fun for the whole family.”

Wednesday, April 20, 2016

Beautiful Bo Kaap-The Most Picturesque Neighborhood in Cape Town

https://afktravel.com/59595/beautiful-bo-kaap/?utm_source=AFKTravel+Site+Widget&utm_campaign=d09be9aaa5-beautiful_bo_kaap_marvelous+s_madagascar_4_19_16&utm_medium=email&utm_term=0_3335458183-d09be9aaa5-142372501

How Much Do You Know About Ethiopia?

https://afktravel.com/105067/quiz-much-know-ethiopia/?utm_source=AFKTravel+Site+Widget&utm_campaign=d09be9aaa5-beautiful_bo_kaap_marvelous+s_madagascar_4_19_16&utm_medium=email&utm_term=0_3335458183-d09be9aaa5-142372501

Tuesday, April 19, 2016

The Best Performing Currency In The World Is In Africa

FOREX Africa: Zambia’s Kwacha Resurrects As World Best Performing Currency In 2016

By Kevin Mwanza Published: April 18, 2016, 8:31 am
Image: zambiareports.comImage: zambiareports.com
Zambia’s kwacha has emerged from being the third worst performing currency in the world in 2015 to being the best so far this year, beating more than 150 other currencies tracked by Bloomberg.
The kwacha has climbed about 20 percent in just four month of 2016, cutting its last year’s loss by half, and ahead of the Russian ruble, the Brazilian real and precious metals like gold and silver.
The jump is on the back of a strong monetary policy taken by the Bank of Zambia and other government interventions in the economy, such as a review of fuel subsidies, the state-owned Zambia National Broadcasting Corporation reported.
The currency has also benefited from an increase in metal prices, news of increased mining investment and proposed changes to mineral royalties seen to be more investor friendly.
Zambia accounts for 70 percent of Africa’s total copper production and the metal, which is widely used in wiring and electrical devices, makes up 60 percent of Zambia’s exports.
Copper prices  have gained 11 percent on the international market from the seven-year low they hit in mid January.
“We continue to see the kwacha relocating with the copper price,” Gareth Brickman, an Africa analyst at ETM Analytics, told Bloomberg. “There is still room for several percent’s worth of gains.”
The kwacha’s slump last year was caused by a severe power crisis, falling copper prices and a ballooning budget deficit.
Some analysts and Zambian opposition members have said the rise in the kwacha could only be a flash in the pan and all indicators are that the central African currency will resume its fall by mid this year.
“We do not see value in the kwacha [even] given this rally. There’s a lot of factors pointing towards kwacha weakness towards the middle of the year,” Irmgard Erasmus, Zambia expert at South Africa-based NKC African Economics, told Newsweek.
In a statement, the main opposition party UPND said the recent gains on the kwacha were illogical since the underlying factors that made it collapse have not changed.
Some like International Trade and Business Consultant Trevor Simumba say the recent appreciation of the Kwacha was due to manipulation by the Bank of Zambia, since according to him all the key economic fundamentals are weak.
“What they have done is to remove kwacha from circulation. when you look at the dollar as a product it is bought by somebody possessing kwacha. Too little kwacha chasing the dollar brings about the drop in the price of the dollar or exchange rate,” Lusaka Times quotes Simumba saying.
Bloomberg reported that some companies were converting their dollar holdings to kwacha on fear that they could lose out on the rally, something that was helping the local currency strengthen further.
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Egoli Place Of Gold-A New Book In The Works

Some of you may know that I am a published author with three books to my credit. I quit writing in 2005 to launch Elena's career and get our house fixed up. Now things are in order and I am back finishing a book that I started long ago. Its title is Egoli Place of Gold. It is set in Johannesburg, South Africa between April and early September, 1981. It was a wild time when gold was $850 per ounce. South Africa, being a major gold producer, was awash with cash. It was a time of wild parties and an attitude on life of "Eat, drink, and be merry for tomorrow we might die." It was a time of wars all around the country and the stigma of Apartheid. A human face to this tumultuous time is presented int he book. It was my introduction to Africa and a magical moment in my life. Get ready for some fun reading when it's published in early 2017!

Monday, April 18, 2016

Oscar Pistorius to Be Resentenced on 17 July

http://www.news24.com/Live/SouthAfrica/News/full-proceedings-pistorius-sentencing-date-set-for-june-20160418

Thursday, April 14, 2016

How A Cordon-Bleu-Trained Chef Taught Cape Verdean Women To Cook

http://afkinsider.com/122775/how-a-cordon-bleu-trained-chef-taught-cape-verdean-women-to/?utm_source=AFKInsider+Newsletter&utm_campaign=dba95aa2e0-AFKInsider_newsletter_4_14_20164_13_2016&utm_medium=email&utm_term=0_0aff70cb26-dba95aa2e0-132949841