Warning: mysqli_query(): (HY000/1): Can't create/write to file '/tmp/#sql_7ae_0.MYI' (Errcode: 30 - Read-only file system) in /home/thewosf4/public_html/wp-includes/wp-db.php on line 2056
In South Africa, Cherry Blossom’s detention fuels investor anxiety – The World Reporter
Connect with us
Port Elizabeth Light house

Port Elizabeth

As various countries in Africa recover from previous crises and build solid reputations as good places to do business, the champions of past times are losing their luster. That is the case for South Africa, previously seen as a reliable business partner for global trade, but which has been causing more and more concern from international investors. The unexpected intervention of Port Elizabeth in an international territorial negotiation may be the straw that breaks the camel’s back.

On the Northwest Atlantic coast, between Morocco and Mauritania, lies Western Sahara, a former Spanish colony. In 1967, Spain withdrew from the area, leaving it to its own fate. The desert strip remained inhabited by local communities, and Moroccan businesses which employ them. An armed separatist group, named the Polisario front, was created in 1973, which aimed at excluding Morocco from the land, making it a separate and sovereign nation. The United Nations classify Western Sahara as a “non-self-governing territory”, something the Polisario front would like to change.

The Saharawi people stretch across the area, all the way to the Algerian side of the border, where refugee camps are home to near 200 000 people, where NGOs decry the shortage of food, water, basic supplies and access to elementary services. Yet, there’s no lack of means, as Magnus Norell, Senior Policy Analyst at the Washington Institute for Near East Policy and the European Foundation for Democracy, points out. “The newly presented report from the EU corruption watch-dog — OLAF — about embezzlement of funds from the EU to Polisario, comes as no real surprise for those of us who have followed the confluence between organized crime and terrorism in West Africa”, he explains. According to Norell, “OLAF shows how Polisario leadership, in cahoots with Algeria, has inflated the number of refugees in the camps in Tindouf in order to increase aid-money and supplies intended for the refugees. Furthermore, good-quality foodstuff like Canadian wheat for example, intended for the refugees were switched to lower-quality provisions, selling the higher quality goods on the open market.”

“Polisario has become even more entangled in various criminal activities, like smuggling and trafficking, says Norell. Even more worrying is the fact that militant Islamists have aggressively targeted the Tindouf-camps in efforts to recruit militants.” From this point of view, life seems better in the western part of the land, where Moroccan companies have heavily invested into the local mining economy, as well as in schools and proper housing conditions for workers.  However, the Polisario front claims that Saharawi people are being robbed of their natural resources and wish to gain complete economic control of the area. UN-held negotiations have been under way for years, and were recently reset in an attempt to find a solution to the dispute. The Polisario front therefore tried to find higher grounds for the negotiation.

Aware that phosphate ore from Western Sahara was transiting through the world on their way towards clients, the Polisario Front sent requests to several courts, hoping to have cargos seized, especially in April 2017. A Panamanian court temporarily held back a Vancouver-bound ship, but released it a few days later, as the case was for the United Nations to rule upon. But a local South African courthouse, in Port Elizabeth, did not declare itself incompetent and decided to judge the case on merits, despite the ongoing UN negotiation.

As a result, the Cherry Blossom, a Danish cargo boat, transporting 55 000 tons of phosphate on its way to New Zealand, has been held captive with 30 hapless sailors on board, for two months, with no solution in sight. The Moroccan government issued a formal complaint through its spokesman, M. El Khafi, describing the self-proclaimed competence of the local South African court as “contrary to international law”.

The Polisario front, on the other hand, celebrated its temporary victory and threatened with further legal action: “The reputational risk for ship owners and charterers is that which results from knowingly participating in the export of resources from a territory widely referred to as Africa’s last colony. This entails possible rejection of trade by parties interested in an end to the occupation of Western Sahara, including commercial enterprise and governments throughout Africa and elsewhere”, as was reported by the Western Sahara Resource Watch, an international NGO favorably inclined towards the Polisario Front and opposed to Morocco.

It’s hard to say whether this initiative could have happened at a worse time. South Africa was recently set back by Standard & Poor’s into the BB+ category, known as speculative, which recommends that investors avoid dealing in the area. In fact, South Africa has been losing speed for some time, while neighboring Tanzania, Mozambique and Rwanda proudly display soaring development rates. Half a century ago, South Africa held a unique geographical position in international trade, with harbor facilities unlike any other in the area. In other words, international business which wanted to deal in the area had little choice but to plant their flag in South Africa.

But things have changed, now that the entire area is developed. In response to the Cherry Blossom caper, businesses who fear being dragged into international dispute they hold no stakes or interest in, have simply decided to stop for refuelling in other countries, in order to secure their activities.  Following the arrest of the Cherry Blossom in South Africa, New Zealand now makes sure the cargo ships refuel safely: “Since the ship was detained in South Africa, Balance Agri Nutrients and their shippers have been finding ways of evading the legal tactics used by the Saharan campaigners.  They and their shippers made sure the carrier, Common Spirit, travelled to New Zealand via Cape Horn, and so avoided South African jurisdiction”, reported Eric Frykberg for RNZ.

South Africa didn’t need this: since 1980, the unemployment rate has more than doubled, hitting nearly one in four adults in 2016. The local currency has been in constant devaluation over that same period: when a rand could buy a dollar in 1980, with change to spare, nearly 16 are necessary to buy a green bill today. According to the IMF “Slow economic growth since 2008 has further aggravated unemployment, real disposable income is stagnant, and households are heavily indebted. […] Stress tests confirm the capital resilience of banks and insurance companies to severe shocks but illustrate a vulnerability to liquidity shortfalls.”, which is exactly what South Africa will likely experience, as businesses and investors avoid the area for fear of being held hostage. This is the price to pay for ludicrous political choices.

Use your ← → (arrow) keys to browse


Warning: mysqli_query(): (HY000/1): Can't create/write to file '/tmp/#sql_7ae_0.MYI' (Errcode: 30 - Read-only file system) in /home/thewosf4/public_html/wp-includes/wp-db.php on line 2056
Up Next

Poverty Stricken Australia


Warning: mysqli_query(): (HY000/1): Can't create/write to file '/tmp/#sql_7ae_0.MYI' (Errcode: 30 - Read-only file system) in /home/thewosf4/public_html/wp-includes/wp-db.php on line 2056
Don't Miss

Africa, The New Industrial Eldorado

Continue Reading
Comments

Warning: mysqli_query(): (HY000/1): Can't create/write to file '/tmp/#sql_7ae_0.MYI' (Errcode: 30 - Read-only file system) in /home/thewosf4/public_html/wp-includes/wp-db.php on line 2056

Employee Training and Development Becomes One of the Most Disruptive Megatrends That Is Shaping the Future of Work

Published

on

Employee training

There is no question about the effectiveness of employee training and development. It’s incredibly important to help your staff advance their skills and knowledge to help grow a business, but the impact of employee learning has often been understated and even neglected. However, companies are now suggesting that employee training and development is one of the biggest megatrends that have completely transformed the future of work. It has overhauled how businesses should be developing and engaging with employees, and it’s leading to an incredibly diverse and talented workforce that is capable of wonderful new things.

Part of the problem of employee training and development is that it’s difficult to measure its impact on the workplace. Employee performance often isn’t a quantitative measurement that is easy to read and link to their output. This is one of the reasons why the effectiveness of employee training and development has been questioned by management experts.

Thankfully, new strategies have been developed to help measure workplace learning and its impact on companies. Below, we’ve included a helpful infographic that covers some of the most important measurements, such as return on investment and how it is calculated in the context of employee learning and development. It should put the effectiveness of employee training into perspective and will help you better understand when training is needed and how development actually improves your business and its productivity.


Infographic by: Ezra Coaching
Prev postNext post
Use your ← → (arrow) keys to browse

Continue Reading

Top 10 Simple Health Changes To Boost Your Well-Being

Published

on

It does not matter how old you are, where you live, or what your occupation is, your health should always be a top priority. However, most of us are a little bit guilty of letting our well-being slide from time to time. With that being said, read on to discover some of the simple ways you can give your health a boost today.

  1. Get rid of at least one item in your life that contains toxic chemicals – You may be shocked by just how many items in your life contain toxic chemicals. This includes everything from air fresheners to bed sheets. Get rid of one of these items and replace it with something natural instead. This is something you should make a habit to do every few months or so. You will be surprised by just how much of a difference this can make. 
  2. Deep breathe for at least five minutes – Throughout the day, you should make sure you take the opportunity to deep breathe for at least five minutes. Why? Well, there have been numerous studies that have shown that deep breathing can help to lower stress hormone levels. This means that you will feel better, get an improved night’s sleep, and you will have less anxiety too.
  3. Drink more water – You probably expected this to be on the list, but the importance of drinking more water should never be ignored. Your body needs water for almost every function. If you are dehydrated, this could be the cause of headaches, pains, aches, and a number of other symptoms.
  4. Have one veggie night per week – A lot of people eat far too much meat, red meat especially. So, why not have a veggie night once a week? Not only is this good for your health, but it will be good for your bank balance too. There are so many great recipes online that can give you ideas regarding tasty and creative dishes that do not incorporate any sort of meat or fish. Once you start off with one night per week, you may then decide that you want to up it to two nights, and so on. However, it always helps to start off small so that it is easier and more manageable, and you can then get used to it.
  5. Sign up for an online pharmacy – Nowadays, you can easily order your prescriptions and medications over the Internet via an online pharmacy. This can help you to boost your health because it ensures you never experience delays with your medication. If you are someone who often doesn’t take their recommended course of tablets because you cannot get to the doctors in time for a repeat prescription, then this is definitely a good suggestion for you. Your medication will be delivered to your door with a click of a button.
  6. Make a dedicated effort to lower your stress levels – There is no denying that we live in a very stress-filled world at the moment! The world we live in is one that has heaps of pressure, and it can be difficult to stay on top of everything and keep those stress levels low. However, it is vital that you find a way to do so. After all, if you don’t adrenal fatigue and health can start to take a tumble, which is the last thing you want. For those who are unaware, adrenal fatigue relates to a group of different symptoms that impact people who are under a lot of physical, emotional, or mental stress. From being a single parent to having a stressful job, there are a lot of different reasons why you may be struggling. Therefore, we recommend that you look for different ways to reduce those stress levels so that you can enjoy a more calming and peaceful life. Whether it is doing some breathing techniques or taking more regular breaks so you can have moments for yourself, there are a lot of different ways that you can make sure you are keeping your stress levels to a minimum. The importance of this should not be overlooked, as stress can impact our mental and physical health in so many different ways. 
  7. Do something nice for someone every day – You will be surprised by how good this makes you feel, and by how much this has a positive impact on your health. It’s all about mental well being. When you do something nice for another person, you are benefitting their health, as well as your own. First and foremost, there is no denying that it feels good to hear some nice words for someone or to get a helping hand when you need it. You feel recognised and appreciated, and this is something we all need. At the same time, doing something nice for someone else and seeing their reaction can make you feel amazing too. After all, doing something good for someone is a gift for yourself at the same time. You will find that the deed continues throughout the day, making you feel great and happy within yourself. 
  8. Incorporate some movement into your commute – If you do not have an active job, this is particularly important. Sitting at a computer all day can be bad for your health. One way to combat this is by incorporating some movement into your commute. If you can walk or bike to work, you should give this a go. If not, start parking your car further away from your place of work so that you have to walk there and back. You should also start using the stairs instead of the elevator whenever you can.
  9. Start meal planning – You will find it much easier to eat healthily if you plan your meals. At the start of every week, make a menu of what you are going to cook for dinner every evening, as well as what you are going to make for your lunches every day. Not only will this help you to eat better, but you will save money too. Make sure you incorporate some healthy snacks into your food prep for work. This will stop you from going to the vending machine whenever you are bored or your energy is zapped. The great thing about the times we live in at the moment is that you can easily get recipes and meal prep inspiration online. So, if you are struggling, simply do a little bit of digging online and we are sure that you will find a lot of different options when it comes to meal ideas and clever food prep suggestions for the week ahead. Not only is this going to help you to be more organized, but you will find that it actually saves you quite a bit of money in the process. After all, when we do not have a food plan for the week ahead, we tend to spend a lot of money on items we do not need. Food can end up going in the bin because we do not use it. This ends up in an awful lot of waste, and we should all be looking to reduce this, so meal prep is great in many ways.
  10. Keep a journal – Last but not least, keeping a journal is good for a person’s mental health. You should write down your thoughts. It doesn’t need to be a long entry; you can simply jot down a few bullet points every evening. This will help you to articulate your thoughts so that they do not wear you down. After all, it can be very difficult to sleep if you have lots on your mind. A lot of experts advise this approach for people who suffer from insomnia. One of the main reasons why a lot of people struggle to get the hours of sleep they need is because they cannot shut off when they go to sleep; their minds are still going at a million miles per hour. They are thinking about what they need to do the following day and any worries or concerns that they may have. Because of this, it very much makes sense to keep a journal so you can offload some of these thoughts and worries and you can have a much more restful night of sleep. Once you get into the habit of doing this, you will see that it actually does make a significant difference when it comes to drifting off and enjoying a good night of rest. 

So there you have it: some of the best ways to give your health a boost. The suggestions that have been provided are really simple and easy, so there is no excuse not to give yourself a bit of TLC. we are sure that you will start to notice a difference as time goes on. However, as is the case with anything, it requires patience and persistence. You cannot expect to turn your health around in one night.

Use your ← → (arrow) keys to browse

Continue Reading

Why Buy A Business, Rather Than Start One

Published

on

There are good and bad sides to buying a business and starting your own business from scratch. For lots of people, the positives of buying an established business outweigh the positives of starting a business. Here are the reasons why buying an existing business could be the right choice.

Easier To Secure Finance

All businesses will need finance. Unless you can fund your business yourself, you’ll need to secure financing from investors. Most lenders will be more willing to lend money to an established business that they can already see is doing well, rather than risk an unknown factor. 

Income From Day One

One of the downsides of starting a business is that most start-ups will go through an early stage where they don’t make much, if any, money. For some entrepreneurs, this stage can last for several years. 

During this stage, you will need to pay out for things like your premises, as well as equipment, installation of equipment, stock, materials, fixtures and fittings, legal and professional fees, a license, uniforms, and more. 

If you don’t have finance in place or another form of income, this stage can be very tough for a new business owner. If you buy a business, you can start earning from day one, and avoid this tricky period where you might be out of pocket.  

Established Brand

When you buy a business that already exists, you are also buying into a brand that is already known, recognizable, and has a track record. You get the business complete with all the trademarks, copyrights, and websites associated with it, as well as the business locations

This means that your business will already have customers, lenders, suppliers, and other contacts that are confident in the business already. 

Instant Customer Access

An existing business also has customers already, which can help you succeed straight away. You can use a range of strategies and marketing to build on the existing customer base, but won’t have to struggle to build a customer base from scratch. 

Established Network Of Contacts

When you start a business from scratch, a lot of your time and energy has to be put into building up a network of contacts. 

All businesses need to have supplier and marketing contacts, so buying an existing business that already has those contacts in place allows you to hit the ground running.

Like money lenders, suppliers and marketing companies are more likely to offer you more favourable terms if your business has been around for a while and they know it.  

Focus On Growing The Business

When an entrepreneur starts a new business, they will have to put a lot of their energy into getting their business off the ground. This takes a lot of time and can be very tiring. 

On the other hand, when you take over a business that is already established, you’ll be freer to focus on the areas of the business that most need your attention, aiding the growth of the business as a whole. 

Use your ← → (arrow) keys to browse

Continue Reading

Trending