Monthly Archives: February 2020

Rugby star Bryan Habana (South Africa) joins Laureus World Sports Academy

Ahead of the 20th Laureus World Sports Awards Berlin, star and legendary South African rugby player Bryan Habana had the honor of becoming a member of Laureus World Sports Academy.

Bryan Habana was warmly welcomed

Considered one of the greatest rugby players of all time, Bryan Habana was inspired to participate in the sport, seeing South African President Nelson Mandela and Francois Pienaar, captain The South African rugby team lifted the trophy for the rugby world championship team in 1995. Sitting in the stands at Ellis Park, he dared to dream of becoming one of the top scorers in top contests of this sport.

Bryan Habana was the star of the Rugby World Cup (World Cup) in 2007, scoring eight times (try) to help the South African team become world champions. With 8 goals, Bryan Habana set the tournament’s record on par with the performance of rugby star Jonah Lomu (New Zealand). He was also voted the World Footballer of the World Championship in 2007. With 67 goals, Bryan was second in the list of all-time scorers. When he became a world champion, he also won many titles at other prestigious competitions such as Tri Nations, a Lions Series of England and Ireland and the European Cup.

In 2009, Bryan Habana was selected as the Ambassador for the Laureus Sport for Good Program and for the past decade, he has been a devoted member of the Laureus family, spending time visiting programs around the world, improving awareness and call for funding to support the transformation of these programs. Bryan Habana joins the current 68-member family of Laureus World Sports Academy.

The Laureus Sport for Good program has raised over 150 million EUR for the Sports for Development field over the past 20 years. Together with partners, the Laureus Sport for Good program has been approaching and helping to change the lives of nearly 6 million children and young people since 2000. Currently, this program supports more than 200 programs in more than 40 countries, using the power of sport to change lives.

 

 

 

 

 

 

 

 

 

South Africa’s economy is facing crisis risks (Part 3)

Economists and public finance experts have not yet reached a consensus on the specific acceptable debt threshold.

However, it is clear that the higher the ratio of public debt to the size of the economy, the greater the risk. This is especially true when economic growth is lackluster, and this low level of growth has taken place in South Africa over the past several years. Recent developments have made the situation even more gloomy.

In the 2019 budget estimate, the South African State Treasury indicated that it may be forced to exceed the spending ceiling for the first time to provide the National Power Company of Eskom with a $1.5 billion bailout year for the next 10 years. The above measure should be implemented even when other plans have been implemented, including job cuts in public services and additional tax measures.

Since then, the National Energy Regulatory Authority (NERSA) has allowed Eskom to enjoy lower than expected tax increases. The South African government has also proposed additional support to Eskom more than 4 billion USD in the next 2 years.

The South African government does not seem to be able to cut such large sums in other regions to make up for this. Despite the money being poured into Eskom, there has not been any indication that the company’s overall plan to stabilize its finances has been given.

Meanwhile, South Africa is still facing many other financial risks. Economic growth and job creation are negligible and both are below the population growth. This means a higher unemployment rate and a decrease in per capita income. Faced with the Eskom crisis in both public finance and economic growth, the only way to rise is to ensure social consensus.

President Ramaphosa has his own weapons to achieve a “social agreement” of this type but the head of the South African Government acts too slowly. This may be partly due to the constant factional battle at the ANC and the unprecedented attack on President Ramaphosa and his close allies such as Public Business Minister Pravin Gordhan. This country inspection is underway.