SA vehicle sales, exports on the up

first_img5 February 2013 South African new vehicle sales registered substantial gains in the first month of the year, growing by 14.1% compared to the 48 202 vehicles sold in January last year, the National Association of Automobile Manufacturers of South Africa (Naamsa) reports. This follows on a positive sales performance in 2012 as a whole. On Monday, Naamsa said that all major segments recorded double digit year-on-year growth, with new cars growing by 12.3%, light commercials by 20%, medium commercials by 10.6, heavy trucks by 30%, and extra heavy trucks growing by 16.6%. Export sales in January (at 17 399 vehicles) reflected an improvement of 5 794 vehicles or a gain of 49.9% compared to the 11 605 vehicles exported in January 2012.Rental sales, pre-emptive buying The association noted that continued strong demand by the car rental industry accounted for 22.5% of total new car sales during the month. “Recent exchange rate weakness would have contributed to pre-emptive buying by consumers to avoid higher than expected new vehicle prices,” it added. Overall, out of the total detailed (disaggregated) reported industry sales of 52 775 vehicles (excluding Mercedes-Benz South Africa), 76.9% or 40 568 units represented dealer sales, 16.7% represented sales to the vehicle rental industry, 3.2% to government, and 3.2% to industry corporate fleets. Discussions are ongoing between Mercedes-Benz SA (Pty) Ltd, Daimler AG, the Department of Trade and Industry and other stakeholders to facilitate the early resumption of full industry sales reporting. In the meantime, Mercedes-Benz South Africa will continue to provide a single total sales number. Sales of vehicles in the medium and heavy truck segments of the industry, at an estimated 700 and 1 223 units respectively, recorded an increase of 67 units or 10.6% year-on-year in January. In the case of medium commercial vehicles, there was a gain of 164 units or 15.5% compared to the corresponding month last year.Exports up 49.9% year-on-year South African new vehicle exports during January 2013, at 17 399 vehicles, registered substantial gains, rising by 5 794 units or 49.9% compared to the 11 605 vehicles exported in January last year. The momentum of vehicle exports was expected to improve further over the balance of the year, particularly exports of light commercial vehicles. The association noted that despite indications of slower growth in the economy, the performance of the South African automotive sector continued to surprise on the upside, with the overall near term outlook for the sector remaining reasonably positive. “Factors that would continue to support domestic sales included the low interest rate environment, replacement demand, the highly competitive trading environment with attractive incentives, low debt servicing costs, high technology new model introductions and strong demand by car rental companies,” Naamsa said. However, on the negative side, rising inflationary pressures would limit growth in real disposable income which, together with generally anticipated rising new vehicle prices as a result of the weaker exchange rate, could result in some moderation in the rate of growth in sales over the balance of the year. “Industry production, largely as a result of higher new vehicle exports, should however register encouraging growth in 2013,” said Naamsa. Nedbank economists said that the market had performed relatively well against the backdrop of weak momentum in the overall economy. “Overall, economic activity remains generally sluggish, while upside risks to inflation have increased due to a weaker rand,” the bank said. “We believe that this will compel the [Reserve Bank’s] monetary policy committee to keep monetary policy neutral over an extended period, with interest rates remaining unchanged for most of 2013. “A reversal in policy easing is likely only late in the year or even in 2014. However, deterioration in both the global and domestic economies would increase the chance of another cut,” the bank said. Source: read more

July’s Geocacher of the Month: True Mentor and Friend

first_imgWith over a decade of geocaching and ambassador expertise, this adventurer can now claim the title “Geocacher of the Month”.Leftygator is known throughout the Mississippi geocaching community for his contagious smile, extensive GPS knowledge and round-the-clock helpfulness. With over 100 hides under his belt, he is also a master at hiding. Rumor has it that his are the toughest and best in the area.One geocacher writes, “Ricky and I first met Lefty in August 2008 at our very first event that we went to. When Ricky saw Lefty he told me he was going to hang onto Lefty’s coat tail and learn everything he could about geocaching and hang on we did. We went on a number of caching trips with him and he took time to show us how to load caches and how to use GSAK. Ricky was diagnosed with leukemia on Sept. 5, 2011 and Lefty visited with Ricky quite often while he was in the hospital and would take Ricky’s phone calls anytime of the day or night. Ricky went into remission and we had eight good months of caching before Ricky passed on Nov. 17, 2012. Lefty was there for me as well as many of our geocaching friends. Leftygator is my friend and hero.”Another geocacher says, “He was the first cacher I came across while on the hunt and stopped to talk to me for a few minutes even though he could have just continued on his way. His hides always make you think, “If I was Lefty where would I hide this cache?” He never hesitates to help, not only in the geocaching world but he passes on advice as a military veteran to the active military in the community. I consider it an honor to have Leftygator as one of my caching mentors.”Lefygator taking a break to pose with his handy gpsCongratulations again to Leftygator for earning the July 2014 title of Geocacher of the Month.The earned, never for sale, Geocacher of the Month geocoinIf you know an outstanding geocacher who should be considered for the honor, simply fill out this webform.Share with your Friends:More July 2014 Geocacher of the Month: LeftygatorSometimes the world is a big place. It’s a daunting place with crisscrossing borders and politics, and for many it’s often isolating. Then there’s geocaching. The Geocacher of the Month taught us a lesson. The world of geocaching is small, connected and ready to celebrate the contributions of other geocachers.We met three geocachers from different countries. Each delivers serious geocaching joy to their local geocaching communities, whether it’s gadget geocaches, inspiration and encouragement or a groundbreaking series of geocaches, or even all three.Each of the geocachers will receive special recognition and a prize package for their contribution to the adventure of geocaching. Before naming the Geocacher of the Month, Geocaching HQ reviews community input and blog comments. Each comment is read and posts in native languages are encouraged.It was a difficult decision.center_img SharePrint RelatedThe Newest Geocachers of the Month – A Geocache Series CreatorJuly 4, 2014In “Community”Announcing the January Geocacher of the MonthMarch 7, 2014In “Community”March Featured Geocacher of the Month Nominees – Add Your CommentsMarch 15, 2013In “Community”last_img read more

Producteev Launches API for Task Managing Apps

first_imgProducteev, the up-and-coming task management service which launched the newest version of its service earlier this month, just launched its first API. With this release, developers can now make use of Producteev’s scheduling back-end to create their own online, desktop and mobile front-ends for Producteev or integrate the service into their existing apps. The company is also launching a developer contest, with a cash prize of $2500 for the winning app and $1000 for the runner-up.According to Producteev’s CEO Ilan Abehassera, the company wants to enable the developer community to “build their dream task management app for whatever it is they are using today.” Producteev itself is already using the API in all of its tools, including the company’s iPhone app, IM clients and upcoming desktop applications. As we noted in our review of the latest version of Producteev last month, the service takes on a number of established task management services like Basecamp, Remember the Milk and popular mobile apps like Todo and Things. To use Producteev, users can use the company’s online interface, iPhone app or simply send a tagged email message to Producteev. The service is available in a free version for individuals and in various paid versions for teams.You can find our in-depth review of Producteev here. Screencast Producteev Two from on Vimeo. frederic lardinois 8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hosting Related Posts Tags:#news#web last_img read more

Sports bosses approach PM on sports bill

first_imgA 12-member delegation of sports bosses, led by the acting president of the Indian Olympic Association (IOA) Vijay Kumar Malhotra, met Prime Minister Manmohan Singh on Monday and sought his intervention to prevent the implementation of the National Sports Development Bill.While there has been a huge uproar over the bill for more than a year, the prime minister has little idea about the whole issue which has led to a standoff between the sports bodies of the country and the government.But IOA chief Malhotra, who was accompanied by the Board of Control for Cricket in India (BCCI) vice-president Rajeev Shukla, was optimistic about the outcome of the meeting and said Singh was sympathetic to their concerns.”The bill is illegal and unconstitutional and we have informed the prime minister about how the bill aims to centralise all the powers in the sports ministry,” Malhotra said soon after the 25-minute long meeting.”At this point of time, the prime minister doesn’t know much about the bill but he said that he will discuss the matter with the sports ministry,” Malhotra added.Besides Malhotra and Shukla, Jagdish Tytler, Anurag Thakur, Tarlochan Singh, RK Anand, Abhay Chautala and Avtar Singh Sethi were among those who represented the IOA and national sports federations.Two of the most contentious clauses in the bill are those which put a cap on the age and tenures of office- bearers of the federations.However, Malhotra made it clear that it wasn’t just a couple of clauses that are flawed. “Under the garb of good governance, the ministry wants to restrict the role of federations and the IOA. We are not against good governance and transparency and all the federations are ready to get their accounts audited.advertisement”Sports federations are autonomous bodies. Government’s interference would affect the performance of the athletes because if there’s a change in the government, the new regime might have its own preferences.”Tytler, who heads the Judo Federation of India, said the delegation also informed the prime minister about International Olympic Committee’s (IOC) stand on the issue. “We also informed him what the IOC feels and the repercussions. We cited the example of Kuwait, whose Olympic body was disbanded after the country’s government interfered in its functioning,” said Tytler.However, everyone is wondering what will happen if the bill is tabled in Parliament.”The Olympic qualifiers are already underway and there are a lot of other qualifiers to come. So it wouldn’t be appropriate to table the bill. We have informed the prime minister about that as well,” said Malhotra.Last month, BCCI officials had met the prime minister regarding the same issue as the sports ministry wants to take the cricket body in its ambit through the bill.”We are an independent body and we don’t take any grants from the government. Our accounts are audited regularly,” said Shukla.He asserted that neither BCCI nor the other federations would accept any interference.”Tomorrow they would interference in the selection matters also.We are clear, no government control is acceptable, we are capable to run our respective sports bodies,” he stressed.last_img read more

Spin HipHop History With Google Doodle

first_imgNews Hip-hop was born Aug. 11, 1973, when DJ Kool Herc first used two turntables at a back-to-school party to extend the instrumental break in songs to keep the dancing happening. From here, the MC was added and an entire genre was born — one that now reigns as the most popular genre in music.When you click on the Google doodle, you’ll be greeted by Fab 5 Freddy — of “Yo! MTV Raps” hosting fame — who walks you through the history of hip-hop. From there, users enter the tutorial to learn how to spin their own tracks.Once you get the hang of it, you can pick from records from the likes of Timmy Thomas, the Winstons, Willie Hutch, Sweet G, and Rare Earth, along with a selection of generic beats. As you spin away, switching out records as you go, you hit goal milestones, which each unlock another nugget of hip-hop history.For example, once you spin three records, you learn that the Sequence were the first all-female hip-hop trio who had a huge hit with “Funk You Up” in the late 1970s. You can work your way through all 10 goals, having a blast mixing your own beats along the way while learning about the early history of hip-hop.So celebrate the historic birth of hip-hop, and get in on the Google doodle fun while it lasts!Read More: Rap Yearbook To Join AMC Visionaries Lineup As New Miniseries Email Facebook Twitter center_img Google Doodle: Unlock Hip-Hop History spin-hip-hop-history-google-doodle Revisit the birth of a genre with Google’s interactive beat-making doodleRenée FabianGRAMMYs Aug 11, 2017 – 10:47 am GRAMMY.comGoogle doodles are often a thing of wonder, and today’s doodle is no exception. What’s the occasion? The birth of hip-hop itself. Spin Hip-Hop History With Google Doodle last_img read more

Have you seen Jacqueline Fernandezs doppelganger Amanda Cerny Photo

first_imgTwitter and Instagram fans of actress-producer Anushka Sharma and US singer Julia Michaels went crazy looking at their pictures in how similar they look. Finally, it reached a level when the two celebrities interacted with each other on Twitter and it was cute.Julia Michaels reached out to Anushka Sharma and said, “Hi @AnushkaSharma apparently we’re twins lol”. To which, the Bollywood actress replied, “OMG YES!! I’ve been looking for you and the remaining 5 of our doppelgangers all my life”.OMG YES!! I’ve been looking for you and the remaining 5 of our dopplegangers all my life— Anushka Sharma (@AnushkaSharma) 5 February 2019Well, not exactly doppelgängers but Bollywood actor-filmmaker Aamir Khan has been compared with Hollywood actor-filmmaker Tom Hanks in terms of looks and choice of roles. Actor Kunal Khemu has been compared with Brazilian footballer Neymar. Even actress Deepika Padukone has been compared to model Irina Shayk, who is actor Bradley Cooper’s partner! But these are not really doppelgängers, like Jacqueline or Anushka’s. Jacqueline Fernandez shared a picture of her doppelgänger Amanda CernyInstagramDays after the Internet went crazy looking at the doppelgänger of Anushka Sharma, Bollywood actress Jacqueline Fernandez has shared a picture of her doppelgänger Amanda Cerny on Instagram! What’s more, the lookalike of Jacqueline Fernandez is visiting India to meet the actress and former Miss Sri Lanka.Fans were in for a surprise when Jacqueline Fernandez posted a photo collage of her doppelgänger Amanda Cerny and her on Instagram. She captioned the post thus: “@amandacerny I think it’s about time you came visited me in Mumbai!!” Amanda simply said, “Funny you mention it.” She is on her way to India and has posted a picture from a plane, saying, “Bet you can’t guess why im so excited right now !!!!”Jacqueline Fernandez was impressed and said, “Oh my god.. that was fast!!” It seems like Amanda is a real fan of Jacqueline. She replied to her, saying, “your wish is my command Jacqueline!!!!” Woah.last_img read more

RBIs dividend to Modiled government halves to Rs 30659 crore

first_img RBI stops printing Rs 2000 notes The Reserve Bank of India (RBI) Governor Urjit Patel attends a news conference after the bi-monthly monetary policy review in Mumbai, India June 7, 2017.Reuters fileThe Reserve Bank of India on Thursday announced that it will transfer only Rs 30,659 crore to the government for the year ended in June. That amount is less than half of Rs 65,876 crore that the central bank transferred last year.The decline will hit the government hard as it could make it very difficult for New Delhi to meet its fiscal deficit target of 3.2 percent of gross domestic product for the year ending in March.”As PSBs are unlikely to do better than last year and the RBI will be transferring a smaller amount, this will impact the fiscal deficit numbers. If other conditions remain unchanged, the fiscal deficit can increase from 3.2 per cent to 3.4 per cent this year,” said Madan Sabnavis, chief economist at Care Ratings.The big reduction, in the transfer of surplus to the government, was partly propelled by higher cost of printing the new currency notes and tackling excess liquidity generated from abolishing Rs 500 and Rs 1,000 notes, Economic Times reported.Scroll down for video A bank staff member hands Indian 500 rupee notes to a customer on November 24, 2016, in the wake of the demonetisation of old 500 and 1000 rupee notes in Mumbai.INDRANIL MUKHERJEE/AFP/Getty ImagesPrime Minister Narendra Modi had abolished high-value bank notes in a bid to fight corruption that removed 86 per cent of the currency in circulation hitting consumption and capital investments last year.”Operational expenses in cost of printing new currency and the associated logistics of collecting old notes is likely to have gone up,” said Saugata Bhattacharya, chief economist at Axis Bank.”The cost of sterilising the excess liquidity through MSS and reverse repos would also be significant,” he added.In the previous year, the RBI had paid Rs 65,896 crore to the government, which was a big help to the government in covering the deficit. The central bank, however, did not give reasons for the steep fall in the surplus income this year.The shortfall in the dividend from the RBI will likely push the government to increase revenue from other areas such as cutting spending or seeking to raise more from planned market divestments in state-run companies, Reuters reported. Closecenter_img IBTimes VideoRelated VideosMore videos Play VideoPlayMute0:00/0:00Loaded: 0%0:00Progress: 0%Stream TypeLIVE0:00?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackFullscreenThis is a modal window.The media could not be loaded, either because the server or network failed or because the format is not supported.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading …last_img read more

20 gold bars seized at Dhaka airport

first_img20 gold bars seized at Dhaka airportCustoms intelligence officials recovered 20 gold bars from a flight at Hazrat Shahjalal International airport on Wednesday morning.The gold bars worth Tk 10million was recovered from a flight of Biman Bangladesh Airlines from Malaysia in the morning, said Customs Intelligence and Investigation Directorate (CIID) director general Moinul Khan.last_img