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3 days ago

Mzantsi(South Africa), At The Cusp Of Implosion: Crisis In The Land Of The Africans South Of Africa: Whither Azania

Frantz Fanon Continues:

"Taking the continent as a whole, this religious tension may be responsible for the revival of the commonest racial feeling. Africa is divided into Black and White, and the names that are substituted -- Africa south of the Sahara, Africa north of the Sahara -- do not manage to hide this latent racism. Here, it is affirmed that White Africa has a thousand-year-old tradition of culture; that she is Mediterranean, that she is a Continuation of Europe and that she shares in Graeco-Latin civilization.

Black Africa is looked on as a region that is inert, brutal, uncivilized -- in a word, savage. There, all day long you may hear unpleasant remarks about veiled

4 days ago

South Africa's rand firms after Fitch, Moody's affirm ratings | Reuters

JOHANNESBURG South Africa's rand firmed to near three-week highs against the dollar and yields on government bonds fell on Monday after rating agencies Fitch and Moody's affirmed the country's investment-grade credit ratings.

Africa's most industrialised country, which is expected to see economic growth of around 0.5 percent this year, has been trying to avert a sovereign rating downgrade to junk status that would raise borrowing costs and deter investment.

Fitch and Moody's affirmed South Africa's investment-grade credit ratings late on Friday. Fitch rates South Africa one notch above 'junk', while Moody's has the sovereign two levels above subinvestment grade.

At 0809 GMT, the rand was at 13.8900 per dollar, a gain of 1.49 percent from its New York close on Friday. The currency was trading at its firmest levels since Nov. 10, according to Thomson Reuters data.

The yield for the benchmark government bond due in 2026 fell 21 basis points to 8.895 percent.

"The rand has had a gap open this morning which is likely due to the combination of a weaker dollar but also the positive news from the rating agencies," Standard Bank chief currency trader Warrick Butler said in a note.

Focus was also on scandal-plagued President Jacob Zuma, who is facing a vote of no confidence by the ruling party's executive committee.

"The market should be cautious about expecting too much, having been disappointed so often in the past," Rand Merchant Bank analyst John Cairns said.

On the stock market, the Top-40 index was flat while the broader all-share inched up 0.1 percent in early trade.

(Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia)

5 days ago

Desert Winds Blow Poisonous Mine Debris Into California Towns


5 days ago

Standards for nursing agencies in South Africa.


The purpose with this research is to formulate standards for

nursing agencies in South Africa. The researcher was approached by the

Association of Nursing Agencies in South Africa (ANASA) to assist them

with the development of a quality/accreditation programme for nursing

agencies. An exploratory and descriptive quantitative research design

was employed. A structured two-phase model was utilised consisting of a

developmental and a quantification phase for the development of

standards and criteria. A series of four workshops were held during

which a framework for the standards was d

6 days ago

Association of International Certified Professional Accountants Urges South Africa’s Audit Regulator to Reject Mandatory Audit Firm Rotation

NEW YORK & LONDON--(BUSINESS WIRE)--The Association of International Certified Professional Accountants (the

Association) has voiced its strong opposition to a plan by South

Africa's Independent Regulatory Board Accounting firms in Johannesburg for Auditors (IRBA) to implement

mandatory audit firm rotation (MAFR).

In a written

response to IRBA's Consultation Paper, the Association, which has

offices in locations including Johannesburg, Colombo, Kuala Lumpur,

London, New York and Shanghai, wrote that MAFR "may have a negative

impact on audit quality, increase market concentration to a more limited

number of auditing firms, and will hinder, rather than promote,

transformation of the profession."

The letter, signed by Association CEO Barry C. Melancon, CPA, CGMA,

includes analysis of the most significant factors supporting the

profession's longstanding position. It notes that mandatory audit firm


Negatively impacts audit quality

Causes loss of institutional knowledge and experience

Limits auditor specialization

Creates resource strains

Could increase audit market concentration

May result in unintended costs

Limits the audit committee's ability to determine the best audit firm

for the company

Limits ability to attract and retain talent

"The Association believes that each of these factors demonstrates that

MAFR should be rejected," the letter stated. "It is clear from at least

some of the regulatory regimes that have adopted it that MAFR has not

had the intended benefits and its continuation is either being

questioned or discontinued. MAFR takes away the key responsibility of

audit committees which, along with the board of directors, are in the

best position to watch management actions and ensure that companies are

obtaining high quality audits to protect the investing public."

Concluding that MAFR is not in the public interest, risks harm to audit

quality, would impose significant costs on businesses and shareholders

without commensurate benefit, would be economically disruptive and

create other negative consequences, the Association asks that IRBA

reject a move to require it.

About the Association of International Certified Professional


The Association of International Certified Professional Accountants (the

Association) combines the strengths of the American Institute of CPAs

(AICPA) and The Chartered Institute of Management Accountants (CIMA) to

power opportunity, trust and prosperity for people, businesses and

economies worldwide. It represents 650,000 members and students in

public and management accounting and advocates for the public interest

and business sustainability on current and emerging issues. With broad

reach, rigor and resources, the Association advances the reputation,

employability and quality of CPAs, CGMAs and accounting and finance

professionals globally.

1 week ago

US diplomat calls African dictator a good guy


1 week ago

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Slimming World Couple of the Year

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