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How to Grow and Develop Small Manufacturing Businesses

With the onset of pioneering innovations in the manufacturing sphere, prospective business owners are often faced with a plethora of questions when contemplating how to break into this sector. To answer and address the most pressing questions and concerns regarding the development of small manufacturing units, a team of manufacturing pundits and entrepreneurs are to gather at the Small Business Indaba. This event will feature alongside the Manufacturing Indaba 2018, to be held at the Sandton Convention Centre in Johannesburg, Africa’s economic hub, on the 19th and 20th of June 2018.

Business expansion through capital acquisition is one of the most challenging phases of company growth. Within the manufacturing sector, this aspect is even more concerning, due to the extensive financial injections required during the initial phases of business development. Lack of information and awareness regarding financing options often hampers potential entrepreneurs from executing their plans. It is therefore imperative to explore the merits and drawbacks of all available options for acquiring capital and applying effective strategies for improving a company’s chances of receiving funding from financial institutions.

Small manufacturing units are usually backed by a competent idea for driving business growth, however, these ideas are seldom supported by a strong and well-researched business plan. Industry analysts believe that thorough business plans play a critical role in ensuring that a company becomes an ideal candidate for lending. By integrating the elements of financial projections, economic forecasts, product marketing, organisational overview, target market and expected sales revenue, a business plan depicts the entrepreneur’s confidence in the success of a venture.

With the launch of several industrial initiatives across Sub-Saharan Africa that have extended to the fields of technology, healthcare, construction and social development, amongst many others, the entrepreneurial conditions in the region are indeed promising. This provides the ideal opportunity for prospective speculators in South Africa to learn the tools required to drive a manufacturing venture towards the path of success. As the government aims to establish a positive and welcoming climate to stimulate investment in South African Small and Medium Enterprises (SMMEs), a number of funding options have become available to kick-start potential projects.

Apart from government institutions and financing bodies, private investors who are optimistic about the economic growth of the region are willing to extend their capital to South African business ventures with the potential to provide a superior return on investment. While these investors will secure a portion of the profits generated by the company as a reward for their investment, a business has a better chance of obtaining substantial funding through this option without any additional borrowing costs. As Sub-Saharan Africa propels itself towards a promising economic future, small manufacturing businesses can benefit by applying effective strategies and ideas to grow the scale of their operations.

The Small Business Indaba will serve as an excellent liaison and business networking opportunity for the small manufacturer, manufacturing stakeholders and SMME leaders and entrepreneurs to advise potential manufacturing business owners on definitive strategies to advance the development of their business.

– Issued by: Siyenza Management

The creation of the National Association of International Information Security

Faced with mounting threats in the information space, civil society continues to look for the most effective ways to counter these challenges, using various forms of consolidated efforts by professionals. The non-governmental sector is ready to contribute to international information security and make the information space a secure environment.
In line with this trend, the National Association of International Information Security was set up in Russia on April 10, 2018.

Its constituent founders are Lomonosov Moscow State University, the Moscow State Institute of International Relations (University) of the Russian Foreign Ministry, the Diplomatic Academy of the Foreign Ministry, the Academy of National Economy and Public Administration under the President of the Russian Federation, the Institute for Modern Security Challenges (a subsidiary of the Norilsk Nickel mining and metallurgical company) and the editorial board of Mezhdunarodnaya Zhizn (International Life) magazine.

Vladislav Sherstyuk, Director of the Information Security Institute at Lomonosov University, was elected association president, while Anatoly Smirnov, president of the National Institute for Global Security Research, became the General Director.

The association’s presidium comprises leading researchers and specialists, and well-known experts in international information security.

The main goal of the association is to assist in the implementation of state policy in promoting international information security and advance Russian initiatives in this area.

In addition, the association intends to participate in keeping civil society institutions in Russia and abroad informed and explaining to them the basic provisions of the Government’s policy in this field. The association is planning to focus on making analytical work in this area more effective and working out corresponding recommendations for all bodies and
organisations concerned.

The association will coordinate research at scientific centres and universities by dividing it into the scientific, humanitarian and technical aspects of ensuring international information security.

It views cooperation with similar associations of researchers and experts abroad, both in a bilateral format and within the framework of various international platforms and forums, as one of its key areas of activity. As envisioned by its founders, the association will help bolster national security in the information space.

The results of this effort will be used by the authorities and organisations involved in the implementation of state policy in the area of international information security.

Copy: Embassy of the Russian Federation in the Republic of South Africa

[WATCH] Selection and election: How China chooses its leaders

China has developed a unique system of choosing its leaders, eschewing Western models for a process based on merit and broad support. Scholar Zhang Weiwei argues that while the system of “selection and election” is not perfect, it is a match for alternative models and has delivered for the Chinese people.

Copy & video: China Global Television Network

 

 

Why the Brazilian interest rate was cut to a record low

The board of directors of the Central Bank recently decided to cut the basic interest rate for the Brazilian economy, known as Selic (The Sistema Especial de Liquidação e Custodia (SELIC). The rate was reduced from 7% to 6.50% per year, reaching the lowest recorded rate since it was first set in 1986.

According to Reuters, the Central Bank has indicated that it will continue cutting interest rates at its May meeting.
“Unless the Brazilian real comes under pressure for domestic or external reasons, the Central Bank will be in no hurry to begin the tightening cycle,” economists at Societe Generale wrote in a report.

The Brazilian government has attributed this calculated condition to numerous factors, including fiscal adjustments, public spending ceiling and a general more positive economic stance.

A lower interest rate is good news for the consumer because it means better access to jobs, stronger economic growth and greater access to credit.

Source : Reuters, www.brazilgovnews.gov.br

[EXTRACT] China and India to Lead World Economy by 2050

The long-term investment case for gold looks compelling following bullish reports this week from PricewaterhouseCoopers (PwC) and Morgan Stanley. China and India are the world’s top two consumers of gold, and both countries are expected to make huge economic gains in the next few decades. This is likely to boost gold demand even more, which has a high correlation with discretionary income growth.

China alone consumed approximately 2,000 metric tons in 2016, or roughly 60 percent of all the new gold that was mined during the year, according to veteran mining commentator Lawrie Williams, who based his estimates on calculations made by BullionStar’s Koos Jansen. The 2,000 metric tons is a much higher figure than what analysts and the media have been telling us, but I’ve always suspected China’s annual consumption to run higher than “official” numbers.

According to PwC’s models, China and India should become the world’s number one and number two largest economies by 2050 based on purchasing power parity (PPP). China, of course, is already the largest economy by that measure, but PwC sees the Asian giant surpassing the U.S. economy on an absolute basis by as early as 2030.

As for India, it “currently comprises 7 percent of world GDP at PPP, which we project to rise steadily to over 15 percent by 2050,” PwC writes. “This is a remarkable increase of 8 percentage points, gaining the most ground of any of the countries we modeled.”

I think it’s also worth highlighting Indonesia, which is expected to replace Japan as the fourth-largest economy by midcentury. E7 economies, in fact, could end up dominating the top 10, with Mexico moving up to number seven and France dropping off. You can see the full list on PwC’s site.

China Set to Become High Income by 2027

Then there’s Morgan Stanley’s 118-page report, “Why we are bullish on China.” The investment bank sees a number of dramatic changes over the coming years, the most significant being China’s transition from a middle-income nation to a prosperous, high-income nation sometime between 2024 and 2027. (The high-income threshold is a gross national income (GNI) of around $12,500 per capita.) This would make China one of only three countries with populations over 20 million that have managed to accomplish this feat in the past 30 years, the other two being South Korea and Poland.

This trajectory is supported by a number of expectations, including, most importantly, Morgan Stanley’s confidence that China will manage to avoid a debt-related financial crisis, as some investors might now believe is forthcoming. The bank’s view is that the Chinese government will successfully provide “adequate policy buffers and deft management of the policy cycle” to ensure the growth of per capita incomes.

Other key transitions will additionally need to take place for the country to reach high-income status by 2027, including transitioning from a high investment economic model to high consumption and implementing meaningful state-owned enterprise reform. Although China is currently transitioning from a manufacturing economy to one that’s focused on consumption and services, the country will also need to emphasize high value-added manufacturing.

In addition, since President Donald Trump has officially withdrawn the U.S. from the Trans-Pacific Partnership (TPP), China.

The post Gold Gets a Shot in the Arm from Inflation and China; China and India to Lead World Economy by 2050 appeared first on ValueWalk.

-Repubhub

Chinese Vitality: A Driving Force of the World Economy

This infographic is courtesy of Beijing Review. To read the full article, click here.