2018 Africa Women Cup of Nations

The Africa Women Cup of Nations in Ghana is nearing its end. The tournament which has brought some respect and triumphs for Banyana Banyana the South Africa’s Nation Women Football team will be mark down as one for the football history books.

In this tournament Banyana have not only qualified for the FIFA Women’s World Cup but will also managed to make it to final facing Nigeria. The match will be a replay of the Group B opening match.

Banyana Banyana and Nigeria’s Super falcons will meet on Saturday at 18:00 at the Accra Sports Stadium. If Banyana win this will mark there first ever silverware and will help build momentum for their first ever world cup campaign in France 2019.

 

 

By Mokgeth Mtezuka’

2018 G20 Buenos Aires Summit

The G20 Summit gets underway today bringing together 20 plus heads of state of the biggest and emerging economies to Buenos Aires, Argentina. There will also be several invited guest presidents and prime ministers from Jamaica, Rwanda, Senegal and Singapore.

In attendance are North American heads of state from the Canada, USA and Mexico from South America presidents from Argentina, Brazil, and Chile which was invited as a guest. European leaders in attendance from the United Kingdom, France, Germany, Italy, European Union and guest leaders from Spain and Netherlands.

This year’s agenda will be the future of work with arrival of the fourth industrial revolution as well as looking into global infrastructure development. The G20 will also discuss sustainable food future which will look in to the effects of climate change on agriculture and regulation of cryptocurrencies – impacts on global economics.

The summit provides an opportunity for US President Donald Trump and China’s Xi Jinping to meet – not on the agenda but US-China tariffs might be other  area of discussion.

 

By Mokgethi Mtezuka’

Russia discusses investments with New Development Bank

Russia Sakha Republic (Yakutia) engaged the New Development Bank regions head about making investments worth $150 -$200 million in the country’s infrastructure projects.  

“We have started to actively work with the BRICS Bank, with active support from the Russian Finance Ministry. We have presented a number of projects that the bank is ready to consider once the relevant documents are prepared … In total, we are talking about some $150-200 million[in investments] in the development of infrastructure projects,” Yakutia head, Aisen Nikolaev, said on Thursday.

The funds are meant to modernise municipal infrastructure and expand the city’s water supply system, Nikolaev said.

The official told the media that their plans include also a revamp of the city’s airport and the development of district heating. All four projects are estimated to cost between 30 and 40 million.

 

Source: Pakistanpoint.com

China contributions to South Africa’s socio-economic development

Image: 702.co.za

China businesses contribute majorly to the development of the Republic of South Africa, this was confirmed by a “Corporate social responsibility Report of Chinese-Funded Enterprises in South Africa” report. The report was compiled by South Africa-China Economic and Trade Association.

The report that was presented on Thursday in Johannesburg highlighted the development of China-South Africa relations and the social transformation that is due to the bilateral relations.

The Association’s chair, Zhang Jinguo said that the report does not only make known the social development successes over the past 20 years  – it gives evidence of the growth of the China-South Africa relations.

The relations according to China Ambassador to South Africa, Lin Songtian, the relations have bore and fulfilled a great social responsibilities. South African communities benefited education and other social charities, said the Ambassador.

 

Source: China.org.cn

Russia’s role in the Eurasian Economic Union

The Eurasian Economic Union (EAEU) brings together 83 million people and a gross domestic product of over $4 trillion. EAEU is run by the Eurasian Economic Commission and the Court of the EAEU form the judicial body. Russia is key party to the EAEU being the country to initiate this union as well as being the largest economy, political and military power in the bloc. 

The Eurasian Economic Union (EAEU) is a political and economic union of Russia, Kyrgyzstan, Kazakhstan, Belarus and Armenia. The bloc creates and opens a single market for the Eurasian countries similar to that of the European Union. It aims to better enhance coordination and cooperation between neighbors – to compete more fluidly in today’s global market.

There are still some areas in the EAEU that still need to be overcome, like making sure competition with in the economic bloc is fair as reported by eng.belta.by. However, Eurasian Economic Union is making great strides like submitting documents of compliance to the World Trade Organisation (WTO) and is even looking into expanding the union with Iran seen a potential entrant.

Sanctions on Russia at moment are hindering the EAEU full potential.

 

By Mokgethi Mtezuka’

 

India and Pakistan begin construction of corridor of peace

India and Pakistan are building a border crossing for the free movement of members of the Sikh religion. The corridor aims to open  doors for more peace talks and building ties between the two countries. The two Asian countries have had many conflicts, tension and even fought multiple wars against each other.

Named the Kartarpur Corridor, the border crossing will be 5 kilometers long and connect the Sikh temple in Pakistan with the temple in India, as reported by bbc.com. Kartarpur Corridor is expected to open in 2019. The corridor will be a big move for peace and a historical landmark which encourage tourism between the two countries.

India and Pakistan will still need to do more to bridge the divide between the two nations from years of conflict and hatred however, the Kartarpur Corridor is step in right direction. According to edition.cnn.com leaders from both countries welcomed the move and have now plan to have a regional summit to further consolidate and strengthen ties.

 

By Mokgethi Mtezuka

OPINION|BRICS Threat to Western Supremacy

China’s President Xi Jinping, Indian Prime Minister Narendra Modi, South Africa’s President Cyril Ramaphosa, Brazil’s President Michel Temer and Russia’s President Vladimir Putin pose for a group picture at the BRICS summit meeting in Johannesburg, South Africa, July 26, 2018. REUTERS/Mike Hutchings

The coalition of Brazil, Russia, India, China and South Africa continues to pose a threat to Western Supremacy – Brics has united to reject neoliberal models and created their own institutions. The grouping since 2013 have been signing declarations that are more than just usual petty collaborations and shared goals.

Brics in 2014 agreed to the creation of a development bank – Brics  Bank which was later renamed the New Development Bank (NDB). From its conceptual stages the bank received its fair share of skepticism from Western media.  Articles of the New Development Bank failing to live up to hype and analysis of the NDB in comparison to other development banks are easy to find. The institutionalisation of BRICS was viewed as not “viable and feasible”.

The NDB meant rivalry for West controlled financial institutions, IMF and the World Bank. Brics is empowering emerging economies by offering a wider range of economic choice. The groupings long term goal is to change global governance.

“Brics is gearing up for the future by planning to set up a credit rating firm to compete with western hegemony in the world of finances,” reports IOL.  

 

BY Kgothatso Nkanyane

President Ramaphosa leads delegation to G20 Summit

President Cyril Ramaphosa will lead the South African delegation to the G20 Summit in Buenos Aires, Argentina, from 30 November to 1 December 2018.

Chaired by President Mauricio Macri of Argentina, the Buenos Aires gathering is the first G20 Summit in which President Ramaphosa will participate since being elected President in February 2018. The Leaders’ Summit will be complemented by meetings of finance ministers from G20 member states.

Argentina assumed the G20 Presidency in November 2017, with a focus throughout this year-long term on “Building consensus for fair and sustainable development” – a theme that resonates well with President Ramaphosa’s own emphasis on the importance of consensus and collaboration in South Africa’s efforts to build an inclusive and sustainable economy and advance social cohesion.

The G20 was formed in 1999 to bring stability to the global financial system, promote long-term sustainable growth and strengthen global financial governance. However, it has since expanded its agenda beyond economic and financial issues to encompass geopolitical matters and issues of peace and security, global governance, environment and international terrorism.

The G20, which consists of the leading developed and developing economies, accounts for 85% of global Gross Domestic Product, 80% of world trade and two-thirds of the world’s population.

South Africa views the Summit as a platform from which to promote and strengthen interests of the African continent and of the South.

South Africa further views the G20 as providing meaningful opportunities for advancing global governance reforms and reorienting the international developmental agenda.

President Ramaphosa will in the course of this Working Visit hold bilateral meetings with various Heads of States to strengthen and deepen relations with partner countries and present South Africa as an attractive investment destination and trade partner.

President Ramaphosa will be accompanied by the Minister of Finance, Mr Tito Mboweni, as well as the Minister of International Relations and Cooperation, Ms Lindiwe Sisulu.

 

 

ISSUED BY THE PRESIDENCY OF THE REPUBLIC OF SOUTH AFRICA

 

BRICS Business Council Successes in a book

BRICS Business Council outgoing chairperson, Dr Iqbal Surve launched a book on the successes of the council on Wednesday night. The book according to Dr Iqbal, celebrates the progress of the Business Council since its establishment in 2013.

“Sometimes you forget what Brics means. Let me contextualise. We are here to serve our people, country and continent. I grew up with a social justice welfare framework and trying to see how we could lead and participate in the global economy. And so we serve with pride and pleasure, and do so with no expectations,” he said.

The book contains a five year history of the Council and according to the outgoing chair the reflection and documentation contained in the book  will move readers.

Iqbal thanked everyone who supported him and wished the next chairperson of the Business Council luck.

 

Source: The Star

Banyana Banyana to play Nigeria in 2018 AWCON final

South Africa’s women’s national team Banyana Banyana is one win away from lifting the 2018 Africa Women Cup of Nations. Banyana defeated  Mali (2-0) yesterday in Cape Coast Sports Stadium – Banyana will now move on to face Nigeria again in the final.

Two goals from Kgatlana in 31 minute and Ramalepe in 81′ minute secured South Africa a place in final.  Banyana will now play Nigeria for the second time, having previously faced off in the group stages which saw South Africa come away with shock (1-0) victory.

Banyana will be hoping that they can do it again and get the double over Nigeria at Accra Sports Stadium on Saturday at 18:00. Nigeria on the other hand will be looking for revenge when the two sides meet. The two African teams automatically qualify to the FIFA Women’s World Cup by virtue of making it to the finals.

 

By Mokgethi Mtezuka’