11 June 2014The first lekgotla (special meeting) of South Africa’s newly appointed Cabinet got under way in Pretoria on Tuesday, bringing together ministers, provincial premiers and other senior officials to map out the government’s programme of action for the year.The three-day meeting is being chaired by Deputy President Cyril Ramaphosa in the absence of President Jacob Zuma, who was ordered by his doctors to take a few days’ rest following his hospitalisation for medical check-ups over the weekend.Zuma will outline the new administration’s programme for the year in his State of the Nation address to Parliament on Tuesday, 17 June.Speaking to reporters shortly before the start of Tuesday’s meeting, Minister in the Presidency Jeff Radebe said the main items on the agenda were the National Development Plan (NDP), the government’s medium-term strategic framework, and the ongoing mining strike on South Africa’s platinum belt.Radebe said the Cabinet ministers would look to the NDP as well as the African National Congress’s (ANC’s) election manifesto when drawing up the government’s programme of action.He added that the Cabinet would pay special attention to the issues of local government service delivery, unemployment, poverty and inequality“Our president is deeply concerned about the protests that have been happening around the country. We are going to make sure that we go into those areas with concrete responses.”Radebe said the long-running strike in South Africa’s platinum mining sector had had a debilitating effect on the economy.Members of the Association of Mineworkers and Construction Union (Amcu) downed tools on 23 January, demanding a basic monthly salary of R12 500. So far, the industry and employees have lost billions of rands in earnings and forfeited wages.Two weeks ago, the government to set up a special task team to facilitate negotiations between the unions and mining companies. On Monday, however, Mineral Resources Minister Ngoako Ramatlhodi pulled the team out of the negotiations, putting the onus on the companies and unions to find common ground.Radebe said the impact of the strike showed that the mining sector still played a major role in the country’s economy. “We need to ensure that we encourage the resolutions of the strike so that we can begin with the implementation of the NDP.”Regarding President Zuma’s health, Radebe said the Deputy President was in constant touch with Zuma.“The President is improving. The Deputy President has reported to us that he is resting to ensure that he is ready for the State of the Nation address next week.”Zuma’s office said he had met with all his new ministers and deputy ministers in May, to go over policy priorities and his expectations of them.Source: SAnews.gov.za
Share Facebook Twitter Google + LinkedIn Pinterest The greenhand members of the Madison-Plains FFA chapter joined together on Saturday, October 1st to meet their officer team and receive their FFA Jackets.The cost of the jackets was partially paid for by the chapter as a gift for these members, for whom without the chapters future is unknown.Kameron Rinehart, Ohio Vice President at Large spoke to the greenhands and their parents about the benefits and importance of the organization. The officer team is excited to see its newest members accell and develop into tomorrow’s leaders.
zoom US-based dry bulk shipping company Genco Shipping and Trading managed to narrow its quarterly net loss to USD 15.6 million from USD 54.5 million recorded in the same period of 2016. “We have taken steps during the quarter to strengthen our chartering team to further enhance our commercial prospects focusing on both major and minor bulks, improve the age profile of our fleet and maintain a low breakeven level,” John C. Wobensmith, Genco’s Chief Executive Officer, commented.“As supply and demand fundamentals continue to come into balance, we believe Genco is well positioned to take advantage of a market recovery due to our improved platform and significant operating leverage,” Wobensmith added.The company’s revenues rose to USD 38.2 million for the three months ended March 31, 2017, from USD 20.9 million seen in the same quarter last year. The increase was primarily due to higher spot market rates achieved by the majority of the vessels in Genco’s fleet, partially offset by the operation of fewer ships during 1Q 2017 as compared to 1Q 2016.The average daily time charter equivalent (TCE) rate obtained by the company’s fleet was USD 6,498 per day for the three-month period this year as compared to USD 2,629 for the quarter March 31, 2016.During the quarter, Genco sold four bulkers including Genco Wisdom, Genco Carrier, Genco Reliance and Genco Success for a total of USD 12.7 million.In addition, the company expects to sell Genco Prosperity, the last of the ten vessels planned for sale, for USD 2.9 million. The ship will be delivered to its buyer by May 20, 2017, with net proceeds to be recorded as cash on the balance sheet, according to Genco.As of May 8, Genco’s fleet consists of 13 Capesize, six Panamax, four Ultramax, 21 Supramax, two Handymax and 15 Handysize vessels with a total capacity of around 4.7 million dwt.In addition to acquisitions the company may undertake in future periods, Genco said it is likely to incur additional capital expenditures due to special surveys and drydockings for its fleet. Six of its vessels were drydocked during the first quarter of 2017 and Genco expects nine of its vessels to be drydocked during the remainder of this year.
Related Items: Facebook Twitter Google+LinkedInPinterestWhatsAppTURKS AND CAICOS ISLANDS, DECEMBER 1, 2013- More funding for the Turks and Caicos Islands…An article published by the Governor’s Office divulged that the TCI will be benefitting from a £2 million fund from the UK made available through the Darwin fund which is expected to service environmental projects in all UK Overseas territories over the next two years. Almost £200 000 is set for the ‘Caicos Pine Forests’ project which is a mitigation for climate change and invasive species that runs jointly with the TCI government, Royal Botanic Gardens, Kew, and other international partners. Facebook Twitter Google+LinkedInPinterestWhatsApp