Britain’s first interfaith game show is to be launched, pitting Jews against Muslims, Sikhs against Christians and Hindus against Buddhists, with contestants competing for cash prizes. Faith Off, the working title of a series on the Islam Channel, will attempt to promote good relations and mutual respect between Britain’s religious communities.
Fraud convict Schabir Shaik has been admitted to the critical care unit of Durban’s Inkosi Albert Luthuli Hospital, his brother, Mo, said on Monday. Mo said this was because of fears that his high blood pressure could lead to heart problems. chabir was first admitted to the hospital on April 1 and has been there ever since.
Foreign aid workers on Tuesday pressed into Burma’s Irrawaddy Delta, testing the junta’s pledge to open up areas where one million people have yet to receive aid three weeks after the cyclone. Six foreign staff based in Rangoon with the United Nations Children’s Fund were allowed to join teams of mainly Burma workers.
How often does the market beat the asset manager? The consensus is that more often than not the market comes out tops. Sanlam Investment Management managing director Armien Tyer says in the United States few managers beat the index over the long term. According to one study, in the period between 1994 to 2004 about 80% of equity managers could not beat the S&P 500.
When thinking about the characteristics of a good assest manager, it seems to come down to knowledge, philosophy and hard work. Cannon’s chief executive officer Geoff Blount says passionate people are an important part of the mix.
Empowerment works when it fosters new connections between established and emerging companies; develops skills at the lower and middle levels of the hierarchy; and creates space for new entrepreneurs to get a seat at the table. At its best, says a study by Matthew Andrews of Harvard’s Kennedy School of Government, BEE can yield spectacular dividends.
Local jewellery design needs more than creativity to become a vibrant sector of the economy, writes Tumi Makgetla
Black economic empowerment is supposed to ensure that the hoary cliché — "our greatest resource is our people" — comes to life. The intention is to open opportunities across the economy for black South Africans whose potential as economic actors has been constrained for years.
Cannon Asset Managers’ chief investment officer Adrian Saville says during volatile times investors often rush into hedge funds seeking protection. "But these have proved to be almost as volatile as equity markets with much lower rates of return. The experience of January 2008 comes to mind, when stock markets around the globe traded lower and hedge funds saw losses in that month too," he says.
The tendency to deal with empowerment as a system of scorecard compliance impedes transformation because there is no values-based leadership in such an exercise. Scores do not achieve wholesome change or a new way of doing business — sustainability cannot be achieved that way.