SA, Africa’s prosperity ‘increasingly intertwined’

first_img4 August 2014South Africa’s prosperity is increasingly intertwined with that of the continent as a whole, Finance Minister Nhlanhla Nene said on Friday, noting that the rest of Africa accounted for over 15% of South Africa’s dividend receipts and over 20% of its exports in 2013.“Indeed, the narrowing of the current account deficit is due, in part, to the strong growth in dividends that our dynamic companies are receiving from their investments around the world, but particularly Africa,” Nene said during a lecture at Fort Hare University in the Eastern Cape.With economic growth in sub-Saharan Africa expected to exceed 6% in 2014, and with Africa’s share of global foreign investment rising, South Africa is well positioned as a hub for international companies looking to expand into Africa.Nene said the government supported the expansion of South African firms into the rest of Africa, as this bolstered the continent’s growth prospects and fed back into the country. “It will provide tax revenue, profits and dividends into the receiving country and to South Africa.”He said South Africa offered a number of natural advantages as an African hub, including advanced financial, regulatory, tax and accounting standards, a modern telecommunications network, extensive economic infrastructure, and direct air connections to most major cities on the continent and abroad.While Nigeria’s economy had overtaken South Africa’s in overall size terms, South Africa remained far ahead in terms of per capita gross domestic droduct (GDP), or GDP relative to size of population.“Their success is fantastic for us. It brings new trade opportunities for our firms, opens up new markets, and contributes to the growth of the African economy.”To continue to attract big firms to the country, “we must take clear steps to improve the investment climate,” Nene said, adding the National Development Plan (NDP) was clear in its vision of modernising the country’s tax policy, creating more competition for goods and services, and establishing policy certainty and investment protection.“South Africa must stay ahead. We must work harder and smarter. We cannot rely on the star companies of yesterday if we want to win tomorrow,” Nene said.“Our compatriots in Africa have raised their game. They are implementing economic reforms, building infrastructure, educating their people, and building winning nations.”Source: read more

Liberty Bell Center, Independence Hall Open Friday To Sunday During Federal Government Shutdown

first_img“Leisure tourism to Philadelphia is a big part of our tourism economy, and first-time visitors want to see our iconic historic sites,” Guaracino said. “We felt that it was important during this very busy holiday week to make our historic sites available to our visitors and residents.” (Photo by D. Cruz for Visit Philadelphia)The week between Christmas and New Year’s Day is a very busy time of year for INHP, and city and tourism officials said they feel it’s important to keep these sites open. An estimated 25,000 visitors typically visit the Bell and the Hall during this long weekend, and the Independence Visitor Center expects to see between 70,000 and 100,000 visitors between Christmas and New Year’s Day in the Historic District.Tourism generates $31.5 million per day in economic impact to Philadelphia.The following historic sites and attractions on or around Independence Mall are not affected by the government shutdown and remain open:Independence Visitor CenterNational Constitution CenterNational Museum of American Jewish HistoryAfrican American Museum in PhiladelphiaMuseum of the American RevolutionNational Liberty MuseumBetsy Ross HouseFranklin SquareChrist Church and Burial GroundsBlue Cross RiverRink WinterfestIndependence Seaport MuseumValley Forge National Historical Park has also reopened through December 31, with the Valley Forge Tourism & Convention Board funding the reopening of the visitor center (9 a.m.-5 p.m.), and the Encampment Store’s operators funding its opening. Park gates are opening and closing according to their regular schedule to give visitors access to park grounds, roads and trails.Follow #OpeninPHL on Twitter for news from the attractions. Go to for additional visitor information. Visit Philadelphia Inc. has signed an agreement with the National Park Service to provide the necessary funding to open Independence Hall and the Liberty Bell Center from 9:00 a.m. to 5:00 p.m. on Friday, 12/28, Saturday, 12/29 and Sunday, 12/30. No tickets required.— INDEPENDENCENPS 🇺🇸 (@INDEPENDENCENHP) December 27, 2018 Liberty Bell Center, Independence Hall Open Friday To Sunday During Federal Government ShutdownWhen:December 28-30, 2018 Where:Various locations including The Liberty Bell Center, 526 Market Street Cost:Freecenter_img People spending the weekend in the United States’ birthplace can visit Independence Hall and the Liberty Bell Center, despite a federal government shutdown.Philadelphia Mayor James F. Kenney, VISIT PHILADELPHIA President and CEO Jeff Guaracino and Superintendent of Independence National Historical Park Cynthia MacLeod announced today that the iconic attractions in Philadelphia’s Historic District are open Friday, December 28 through Sunday, December 30, 9 a.m. to 5 p.m. National Park rangers are on site to provide interpretation.All other Independence National Historical Park (INHP) attractions will remain closed during the shutdown.FAST FACTSThe Liberty Bell Center and Independence Hall are open Friday, December 28 through Sunday, December 30.No tickets are required for entry to the Liberty Bell Center and Independence Hall for these three days.All other Independence National Historical Park sites remain closed during the partial federal government shutdown.VISIT PHILADELPHIA covered the cost as a donation to the National Park Service to keep the sites open this weekend.Since the federal government shutdown began on December 22, visitors to the sites have been able to view Independence Hall from the outside only, and the Liberty Bell through a window. Now, both sites will be fully open this weekend — and no tickets are required.VISIT PHILADELPHIA has covered the cost, approximately $32,000, as a donation to the National Park Service in order for INHP to keep Independence Hall and the Liberty Bell Center open for three days.last_img read more