Pensions won’t be nationalised: Manuel

first_img30 June 2008South Africa’s workforce need not cash in their provident fund savings out of fear that the government will nationalise the funds, says Finance Minister Trevor Manuel.Manuel’s statement comes after certain service providers warned their clients to cash in their savings, claiming that the government was threatening to seize them.“Since the announcement of the reform of retirement funds in the national budget in February, service providers have told people that government is going to nationalise pensions and is going to take away your savings, so you will only get the statutory state old age pension when you retire,” Manuel told reporters in Pretoria last week.“It would be reckless, impossible and unconstitutional that any one of us would agree with the confiscation of the savings of working people.”Manuel said he had heard that workers were withdrawing their savings, and that some were going so far as to resign from their jobs in order to cash in their pensions.He was accompanied by Social Development Minister Zola Skweyiya and several trade union leaders.Savings levels ‘too low’Skweyiya said he was concerned that these withdrawals would impact on the workers themselves and their families as they approach retirement, and that it would impact on the country, as savings levels are already too low.“The government and trade unions share a commitment to improve the living standards of our people and we want to collaborate in working towards this objective,” he said.“Part of this commitment is to ensure that all workers are able to live a better life when they retire than live in dire poverty in old age.”Report ‘unscrupulous individuals’Skweyiya called on all shop stewards and trustees of pension and provident funds to report these “unscrupulous individuals and service providers” to trade union offices, government and regulatory agencies.He said that some government departments and the trade unions would embark on road shows to visit factory floors around the country, and ensure that shop stewards and workers were prevented by being misled.Source: BuaNewslast_img read more

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Football Fridays: Treasury vs Revenue!

first_img15 March 2010Durban/eThekwini is so hyped for the 2010 Fifa World Cup that the municipality has launched an informal challenge among its departments to see “which team can be dubbed the best 2010 Fifa World Cup Supporter”.First it was the Revenue branch, with an innovative weekly campaign showcasing different countries participating in the 2010 Fifa World Cup. (See: Football Fridays take off in eThekwini.) Now the Treasury Admin team has got in on the act.“We at Administration, are challenging the Revenue Call Centre,” says Lauren of Treasury Admin. “We too have the soccer fever and an even mightier team spirit! We will also soon be challenging them on the Diski Dance.”Click arrow to play slideshow.Then click bottom right button for fullscreen (ESC to exit).To view captions in fullscreen, click “show info”.The competitive juices are clearly starting to flow in South Africa’s “Surf City” as the World Cup kick-off approaches. Go, Durban!Football Fridays News Desklast_img read more

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10 Incredible People Coming to the Real-Time Web Summit

first_imgThe ReadWriteWeb Real-Time Web Summit in New York City is just one week away! We’ll be working hard together on understanding the future of real-time data delivery, social networking, media, industry and more. Unlike standard conferences where talking heads speak at a passive audience, ReadWriteWeb events are fully participatory with every attendee working together as equals to make it a super high-value experience. It works out really well and people love it.So who will you get to rub elbows and meld minds with if you join us next week? Check out this small sample of 10 incredible people who graciously allowed us to discuss their participation in the event. It’s a knock-out crowd and you should join it to build the future with us. Click here to register now for this high-energy day – or check out just a few of the fabulous participants below.Real-time web? Roden wrote the book on it.Ted RodenTed Roden (right) is the author of the O’Reilly book Building the Realtime User Experience, due out next month. A serial side project developer, Roden has built apps like EnjoysThin.gs, Blasted.app and low-cost personal assistant program Fancy Hands (our write-up). Roden’s day job is in the R&D department of a long-running media organization that prints all the news that’s fit to print.John BorthwickCEO of BetaworksBusiness Week calls Borthwick “perhaps the real-time Web’s key articulator.” We’ve called him “the thoughtful Prince of the real-time web.” He’s the CEO of Betaworks, a small investment firm backing Twitter, Tumblr, Tweetdeck, Superfeedr, Gdgt, Outside.in and many other high-profile real-time industry leaders. URL shortener Bit.ly and real-time syndication service Twitterfeed are both in-house at Betaworks. Borthwick is a deep, big picture thinker and an honor to have with us at the event.Chris DixonRed-hot blogging investor.Chris Dixon was a personal investor in Skype and is now investing in something super-cool every time we turn around. Dixon is co-founder of Hunch along with Flickr co-founder Caterina Fake, he’s helping launch an alternative to Facebook Like called OpenLike (our coverage) and was named the #1 Angel investor in tech by Business Week this year.Jer MillerThe inventor of Jabber/XMPP.Jeremie Miller invented Jabber/XMPP, the open source protocol that now powers almost every instant messaging program on earth and many other software, including Google Wave. These days Miller is helping build a startup called Knowmore.Anil DashHelping the White House crowdsource the next big challenges.Anil Dash, a long-time leader of the blogging community, now runs Expert Labs, an American Association for the Advancement of Science funded think tank. Expert Labs has hired Lifehacker founding Editor Gina Trapani and has been tasked by the White House to provide the collaboration software being used to determine and execute the Federal government’s next moon-landing scale grand scientific challenge.Dan LewisSesame WorkshopDan Lewis is the Director of New Media Communications at Sesame Workshop, the nonprofit behind the children’s television empire Sesame Street. Lewis has degrees in Law and economics and he flipped a thriving sports wiki company to Wikipedia’s for-profit arm Wikia. In other words, he’s an incredibly interesting guy.Sree SreenivasanColumbia Graduate School of JournalismSree Sreenivasan is a journalism educator at Columbia University and a technology evangelist and skeptic. A journalist and commentator on international, national and hyperlocal levels, he was a founding administrator of the Online Journalism Awards.The Onion, Popular ScienceBaratunde ThurstonBaratunde Thurston (right) describes himself as “a comedian, author and vigilante pundit.” He’s Web Editor at comedy site The Onion and hosts Popular Science’s Future Of on Science Channel.Thomas VanderwalFolksonomistThomas Vanderwal is an Information Architecture consultant to companies around the world and is best known for coining the term “folksonomy” – the practice and method of collaboratively creating and managing tags to annotate and categorize content.Gerry CampbellVery real time.Gerry Campbell has held leadership positions at AltaVista, AOL Search and Reuters. He is now CEO of real-time search and API company Collecta. He helped build Twitter search and is an investor in Tweetdeck, Outside.in, StockTwits and Betaworks. Campbell is a well-respected industry thought leader and his blog luckyrobot.com is a must-read.And You!Register now to join us in New York City on June 11th. These ten people and many more will be hashing out the future of the real-time web and how to leverage it for your organization. Don’t miss this opportunity. It’s sure to rock your world. A Web Developer’s New Best Friend is the AI Wai… marshall kirkpatrick Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic…center_img Related Posts Tags:#web 8 Best WordPress Hosting Solutions on the Marketlast_img read more

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Logistics Hub Initiative to Generate Several Employment Opportunities

first_imgMinister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the Logistics Hub Initiative is expected to generate numerous employment opportunities for Jamaicans, irrespective of qualifications.In an interview on the Jamaica Information Service (JIS) ‘Issues and Answers’ programme, Mr. Hylton noted that a range of opportunities will be created from the lower end to the highest end of the spectrum.“From the highly skilled to the merely functional supportive kind of role, we believe we can maximise those job possibilities by the preparation we make… getting HEART Trust/NTA and our tertiary institutions involved…getting specialised agencies like the (Caribbean) Maritime Institute, the Aviation College, for the training of the high end and the skilled positions that we know are integral to the process,” the Minister said.He added that unskilled or low skilled individuals will also be catered for in the initiative.“The construction and the build out of the facilities will employ significant numbers and we are talking about projects that span numbers like US$9 billion of investments, a lot of that in physical infrastructure,” the Minister said.Mr. Hylton pointed out that the sustainability of the activities, once the infrastructure is built, will focus on “our services sector and our ability to supply critical services efficiently and in a competitive way, and for that we have to train and bring the range of skill levels up.”The Government’s Global Logistics Hub Initiative is aimed at taking advantage of the anticipated increase in maritime activities from the expansion of the Panama Canal, scheduled to be completed in 2015.Jamaica is deemed ideally positioned for this undertaking, based on the country’s location, midway between North and South America, and in relatively close proximity to the Panama Canal.The key elements of the initiative are: development of the Caymanas Economic Zone; dredging of the Kingston Harbour; expanding the port facility at Fort Augusta and Gordon Cay; establishing a Dry Dock facility at Jackson Bay, Clarendon; establishing a trans-shipment commodity port facility near Yallahs, St. Thomas; and developing an air cargo and passenger facility at Vernamfield, in Clarendon.Contact: Chris Pattersonlast_img read more

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