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first_img“We’ve been engaging Sars over the years to formalise a constructive relationship,” Booyesen said. “We are a critical element of the economy of the country and we believe it is appropriate that we indicate the importance of establishing sound interaction between business and Sars. The accord encourages the banking industry to promote tax compliance, both within banks and their clients, to periodically determine the effective tax rate of banks, and to regularly engage with Sars to resolve any matters of dispute. ‘Higher tax morality’ Briefing the media at the signing of the accord in Johannesburg last week, the Banking Association’s Steven Booyesen said the agreement established a platform for constructive interaction between the industry and Sars. Gordhan said the revenue service also aimed to offer an advance ruling system that would be responsible for, and facilitate, tax certainty for banks and the industry as a whole. It would also promote the highest standards of tax compliance and also discourage practices that were inconsistent with the law. “As Sars, we are committed to offering dedicated services to the banking industry through the Large Business Centre, which will include the appointment of a taxpayer relationship manager to focus exclusively on the banking industry,” he said. “We will deepen our understanding of the banking industry in terms of building technical and professional skills.” The South African Revenue Service (Sars) and the Banking Association of South Africa have signed an accord to improve the levels of tax compliance countrywide. Promoting tax compliance “The framework will promote exemplary service offerings to the banking industry, while pursuing a climate of higher tax morality,” he said.center_img Sars commissioner Pravin Gordhan explained that the accord would establish a framework for cooperation between the parties to discourage impermissible tax arrangements, while also enhancing their own services. 4 February 2009 “We are totally committed to sound tax morality and continue to endeavour to instil sound tax practice across the industry. It also provides greater certainty on the interpretation and application of tax and custom laws, and the identification of tax risks. Once accepted by both the banking industry and Sars, the framework has the potential to be translated into industry standards. On the other hand, the accord encourages Sars to dedicate specific resources to the banking industry and ensure professionalism in the services they provide to the industry. Source: BuaNewslast_img read more

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first_imgThe Port of Ngqura, seen here from above,complements the existing deep-waterports at Richards Bay and Saldanha. (Image: Port Strategy) MEDIA CONTACTS • Sindi Ndwalaza  Public affairs, Port of Ngqura  +27 41 507 1618 • Mboniso Sigonyela  Transnet spokesperson  +27 11 308 2458 or +27 83 463 7701 RELATED ARTICLES • New port to kick-start economy • Automotive boost for Eastern Cape • Motor industry, government talk jobs • Impressive growth at SA’s Ngqura PortEmily van RijswijckSouth Africa’s deep-water port, the Port of Ngqura in the Eastern Cape, is set to become Africa’s premier trans-shipment hub, linking the world’s east and west trade routes, said President Jacob Zuma.Ngqura, already the biggest port of its kind in sub-Saharan Africa, will be further developed in the next seven years in order to improve South Africa’s international maritime connectivity.“The development of this port is not a once-off local event, it reflects the long-term vision and economic plan of the government of South Africa,” Zuma said.“The port is a key infrastructure project, given its location and potential, and its launch is another step forward on a journey of economic development and transformation.”The president was speaking at Ngqura’s official opening on 16 March. Although it’s been operating since October 2009, the port has already exceeded its operational targets fourfold.With the planned development, by 2019 Ngqura’s handling capacity will have increased by two million containers a year, Zuma promised.Working way over targetThe port has handled more than 400 000 containers in the 2010/2011 financial year alone, far more than the 100 000 projected for that year.With its strategic position in relation to the BRICS countries of Brazil, India and China, Zuma believes Ngqura will become a major conduit for trade to and from other countries.“In time this region will be well positioned as a key trade corridor linking South East Asia with Africa and the Americas,” he said.Zuma used the opportunity to assure the Eastern Cape, the country’s poorest province, of the government’s serious intention to bring it into the mainstream economy.“The province’s fear of not being taken seriously, of being neglected and forgotten, is in the past. The Port of Ngqura is part of a larger infrastructure plan for the country. It is an occasion to celebrate.”In his State of the Nation address earlier in the year, Zuma announced that 2012 would be the year of infrastructure development, using the management expertise gained from hosting the hugely successful 2010 Fifa World Cup and the successful launch of the Gautrain, South Africa’s first rapid-rail service.Five development corridors have been singled out for major investment in rail, road, water and electricity.The Eastern Cape is one of these, with the planned new South Eastern node connecting the region with the Northern Cape and KwaZulu-Natal. According to Zuma this will help to improve the industrial and agricultural development and export capacity of the Eastern Cape and expand the province’s economic and logistics links with these two provinces.A rail link has already been completed between the province of Gauteng and the Port of Ngqura.Looking to the futureNgqura will be a key development node for freight transport company Transnet, with the majority of the utility’s capex expansion budget earmarked for capacity building at the port.Transnet recently announced its market demand strategy plan, in which it projects that it will triple its capital investment programme to R300-billion (US$39-billion) in the next seven years. About R100-billion ($13-billion) is intended for expansion projects at various ports.Transnet has spent R10-billion ($1.3-billion) on basic infrastructure in Ngqura, and created 15 000 jobs during the construction phase alone. The port employs 600 people, with numbers set to grow to just under 1 000 in the next financial year.Between now and 2019 the port will increase the number of container berths from the existing two to four and improve its container handling capacity with the acquisition of additional cranes. Already it boasts six mega-max ship-to-shore cranes and 22 rubber-tyred gantry cranes and averages 29 gross crane moves an hour, a key measure of productivity for ports.About 31 container vessels dock at the port each month.A liquefied natural gas facility and Transnet’s manganese export facility will be relocated from Port Elizabeth to Ngqura and two manganese smelters are earmarked for development by 2016.According to Public Enterprises minister Malusi Gigaba, the nearby Port Elizabeth harbour will continue to focus on the automotive industry and clean cargo, such as containerised goods. The government is also in discussions with the Nelson Mandela Bay Municipality about the creation of a waterfront and leisure plan, he said.Rebates for manufacturersZuma used the occasion of the opening to reiterate that there would be a R1-billion ($130-million) rebate on port tariffs for local exporters of manufactured goods, “to make doing business in South Africa easier”.He first mentioned the rebate in his State of the Nation address, saying the decision emanated from talks with the automotive industry in the Eastern Cape during his presidential visit there in September 2011. The automotive industry had raised the issue of high port tariffs as an inhibiting factor to further economic growth and job creation, especially as the local industry is competing in an open and extremely competitive market.The port rebate will come into effect on 1 April this year, with details to be announced by Transnet group CE Brian Molefe later this month.According to Zuma, there will also be increased economic benefits to those businesses wishing to invest in the Coega Industrial Development Zone, adjacent to the port. One such investor is First Automobile Works (FAW) of China, which turned the first sod for its R100-million ($13-million) truck assembly plant at  Coega earlier this month.“The FAW investment confirms the potential of this zone to attract foreign investment and to create jobs,” Zuma said.The plant will produce 5 000 truck units a year and will employ about 1 000 local workers by the time the first vehicle rolls off the assembly line at the end of 2013.last_img read more

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first_imgPhoto: Ruthann/commons. Budget carrier Ryanair has raised another ruckus with new cabin bag policies aimed at minimising delays and preventing time-consuming overhead bin battles.The low-cost airline had relaxed its carry-on allowance to permit customers to bring two bags into the cabin – a wheelie bag and a smaller bag such as laptop case — for free.But officials said the number of people taking advantage of the policy combined with limited overhead bin space and load factors of 97 per cent in August saw a slew of boarding and flight delays.In a move designed to speed up boarding, customers who have paid an extra €/£5 ($US5.98 to $US6.59) for priority boarding priority will be among the few allowed to bring two carry-on bags on to an aircraft from November 1.They will be joined by those travelling on Plus, Flexi Plus and Family Plus tickets,Other travellers will only be permitted to bring a smaller bag as carry on and their wheelie bags will have to travel in the hold.Ryanair has softened the blow by not charging for the wheelie bag service, which works well on smaller turboprop aircraft in other parts of the world.It has also increased its checked bag allowance from 15kg to 20kgs and dropped the fee for the heavier bag from €/£35 to €/£25 ($US29.90 to $US32.94).“These bag policy changes will cost Ryanair over €50m per annum  in reduced checked bag fees,’’ Ryanair chief marketing officer Kenny Jacobs said.“However, we believe offering bigger bags at reduced fees will encourage more customers to consider checking-in a bag, which will reduce the high volume of customers we have with two  carry-on bags at the boarding gates, which is causing flight delays due to large numbers of gate bag and cabin bag offloads.”The reaction to the policy has been mixed, with some passengers denouncing the move as defacto cabin bag charge and accusing the airline of greed.Others, however, have welcomed a policy which would see an end to the bin bunfight.AER LINGUS OFFERS BASIC ECONOMYMeawhile, another Irish carrier, Aer Lingus, has become the latest legacy  carrier to adopt so-called basic economy fares and will apply them to its trans-Atlantic services.As competition heats up at the Atlantic from LCCs such as Norwegian and Air France spinoff Joon, legacy airlines like Aer Lingus and British Airways are scrambling to adapt.BA is adding 52 seats to Boeing 777-200s  flying across the Atlantic from next May in a bid to improve “capital efficiency’’ and keep seats costs comparable with competitors.Aer Lingus is taking a route similar to that taken by some US carriers by introducing a Saver economy fare.The Saver, touted as “the perfect option for those looking to travel light on direct flights between Ireland and North America”, isn’t completely bare bones.It includes 10kg (22lb) cabin baggage, in-flight entertainment and an on-board meal.  Passengers pay for extras such as a checked bag, seat selection, a blanket or headphones.The airline’s Smart fare option includes all these things and is available to passengers who want to travel in the style to which they’ve become accustomed.last_img read more

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first_imgFans cheer during a Florida State game.TALLAHASSEE, FL – SEPTEMBER 20: Fans cheer during play between the Clemson Tigers and the Florida State Seminoles at Doak Campbell Stadium on September 20, 2014 in Tallahassee, Florida. (Photo by Ronald Martinez/Getty Images)College sports fans, though passionate and loyal, can also be really, really annoying. But who’s the worst of the worst? We’ve gone through and picked out the 64 most annoying fan bases in college sports. You guys are going to tell us which deserves to be crowned the most intolerable of all. You can vote on the #BBN Region here, the #WeAre Region here and the #PAWWWL Region here.The 64 Most Annoying Fan Bases BracketMost AnnoyingVote On The #FSUTwitter Region Below1. Duke Basketball Fans vs. 16. Arizona Basketball FansdukearizonaArizona fans are a bit full of themselves, but nothing like Duke’s – supposedly. More Annoying: Duke Basketball Fans or Arizona Basketball Fans?2. Florida State Football Fans vs. 15. Baylor Football FansfsubaylorFans of a team that reached the College Football Playoff vs. fans who believe their team should have reached the College Football Playoff. More Annoying: Florida State Football Fans or Baylor Football Fans?3. USC Football Fans vs. 14. Rutgers Football FansuscrutgersFans who are more concerned with celebrities than football vs. fans who would have a hard time getting a celebrity to attend a game. More Annoying: USC Football Fans or Rutgers Football Fans?4. Fans Who Tweet At Recruits vs. 13. Ole Miss Football FanstweetcrootsolemissFans who enjoy tweeting at 17-year-old kids vs. fans who really like to tailgate. More Annoying: Tweeting Fans or Ole Miss Football Fans?5. West Virginia Football Fans vs. 12. Conference Realignment RumormongerswvurealignmentFans who burn couches too often vs. fans who think conference realignment is a game of musical chairs. More Annoying: West Virginia Football Fans or Rumormongers?6. Florida Football Fans vs. 11. NCAA ApologistsfloridancaaFans who hate former coaches vs. fans who think the NCAA has a clue about what it’s doing. More Annoying: Florida Football Fans or NCAA Apologists?7. North Carolina Basketball Fans vs. 10. Michigan State Basketball FansuncmsuFans of two storied programs who have their own fierce in-state rivalries. More Annoying: UNC Basketball Fans or Michigan State Basketball Fans?8. Oklahoma Football Fans vs. Kansas Basketball FansoukuFans of two squads whose teams consistently under-deliver in the postseason. More Annoying: Oklahoma Football Fans or Kansas Basketball Fans?Now Vote On The #WeAre Regionlast_img read more

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first_imgMichigan is one of the big winners of National Signing Day, landing No. 1 recruit Rashan Gary a few hours ago. That doesn’t impress everyone from the state, however. NBA All-Star and former Michigan State basketball great Draymond Green was tweeted at about Gary by a Michigan fan. In response, he brought up his recruitment, and the fact that former Michigan State running back Le’Veon Bell, now one of the NFL’s top rushers, was a two-star [email protected] yeah I was 127 out of 150 when I left high school and LeVeon bell was a 2 star. That never matters!!!— Draymond Green (@Money23Green) February 3, 2016Green wasn’t the top player in his class back in 2008, but he was a four-star recruit according to most recruiting services. His point about Bell is valid, however. ESPN, Rivals, and Scout all had Bell as a two-star. leveon bell espn 2-starleveon bell rivals 2-starleveon bell scout 2-starWhile schools like Michigan State often do well with diamonds in the rough, most coaches would rather fill their classes with known superstars, and take their chances that way.last_img read more

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The OSU men’s tennis team celebrates winning the ITA National Men’s Team Indoor Championship against USC Feb. 17 at the Met and the Galleria Tennis and Athletic Club. OSU won, 4-1.Courtesy of OSU athleticsAfter coming close each of the previous three seasons, the members of the Ohio State men’s tennis team can finally call themselves indoor champions.Playing in their fourth match against a ranked opponent in as many days, the No. 5 Buckeyes defeated No. 3 USC 4-1 Monday afternoon to claim the ITA Men’s Team Indoor Championship in Houston.Starting the match off strong for the Buckeyes, the No. 2-ranked duo of senior Peter Kobelt and redshirt-junior Kevin Metka defeated senior Ray Sarmiento and junior Yannick Hanfmann, 6-4.Redshirt-sophomore Chris Diaz and redshirt-freshman Ralf Steinbach then defeated junior Eric Johnson and sophomore Max de Vroome 6-4 to capture the doubles point for the Buckeyes. Diaz and Steinbach had not won a doubles match the whole weekend, but came up big when it mattered most.“We were able to set the tone early on and Steinbach and Diaz fought back with five straight points in doubles to get it started,” OSU coach Ty Tucker said after the win, according to a press release. “We rode Metka and Kobelt hard at No. 1 all weekend and they were able to win all of their matches for us.”Kobelt called earning the doubles point “huge.”“We didn’t get the first point against Virginia and we are a much better team when we win in doubles. I know I had to play at my best for us to win vs. USC,” Kobelt said, according to the release. “This trophy we are bringing back is for all the former members that have played at Ohio State. This is a great accomplishment.”Redshirt-junior Hunter Callahan and Kobelt set the pace in singles as both took on higher-ranked opponents, but did not yield.Callahan was off first after beating No. 47-ranked junior Johnny Wang 6-3, 6-4. Kobelt, ranked No. 23, followed suit defeating No. 7 Sarmiento by the same mark.Diaz lost to No. 16 Hanfmann 6-5 (7-4), 6-3 to give the Trojans one point, but Steinbach squashed any hope of a comeback by beating freshman Connor Farren 6-5 (7-4), 6-4 to clinch the championship for the Buckeyes.“To help the team clinch the match is an unbelievable feeling,” Steinbach said, according to the release. “I was up a set and playing good tennis then I realized after Peter won, I had a chance to serve for the title. I was a little nervous. The deciding point came down to a volley and I was aggressive at the net and was able to place a good shot for the clinching point.”It is the first indoor national title for the Buckeyes in program history, who had to defeat some of the nation’s best on the way.OSU took down No. 12 Florida, No. 10 Texas and No. 1 Virginia in consecutive days to set up its championship tilt with the Trojans (7-1).“When you beat two teams back-to-back that have been dominating college tennis the last five years, it’s a great accomplishment,” Tucker said in a released statement. “Everyone is playing for the team and the only thing that matters to these guys is that Ohio State wins.”At 13-0, this is the best start in program history, and with already one national championship in hand, expectations are likely to be sky high for the remainder of the season.The Buckeyes are next scheduled to play Notre Dame at South Bend, Ind. Saturday. First serve is set for noon. read more

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first_imgIt was the Egyptian that evened out the score prior Firmino’s goal, which secured Liverpool’s Champions League semi-final spot. However, when discussing the game, Steven Gerrard made an embarrassing statement in regards to Mo Salah’s physical skills.It was the Egyptian that pulled Liverpool out of the bad situation they were in. Salah scored after Ederson saved Sadio Mane’s kick but failed to capture the ball, thus leaving it loose in the penalty area. Mo did not hesitate and capitalized the chance as he quickly went past Ederson and gently dinked the ball over Nicolas Otamendi’s tackle into the back of the net.While analysing the game and Salah’s goal, Gerrard made a mistake.divock origi, liverpoolReport: Origi cause Klopp injury concerns George Patchias – September 14, 2019 Divock Origi injury in today’s game against Newcastle is a cause for concern for Jurgen Klopp.Perhaps with one eye on Tuesday’s trip to Italy…“A dink on his weak foot,” he said, according to the Mirror.Facts are, Mo Salah did indeed score with his left foot. However, this is his preferred side as opposed to Gerrard’s claim. Fans were fast to catch the mistake and make fun of the Liverpool legend.last_img read more

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first_imgSteven Gerrard managed to win the Champions League together with Liverpool as a player and he knows how it feels – and now, he believes that his former team are about to achieve something special.The former Reds skipper insisted that his former teammates are on the edge of achieving something that will change their lives forever and they are just one step away from making this squad famous in the club’s history.Gerrard spoke about his beloved club’s success as he said, according to Sports Mole:divock origi, liverpoolReport: Origi cause Klopp injury concerns George Patchias – September 14, 2019 Divock Origi injury in today’s game against Newcastle is a cause for concern for Jurgen Klopp.Perhaps with one eye on Tuesday’s trip to Italy…“I’m happy for them. You see the emotion on James Milner’s face there, he’s been immense. You see the celebrations in the crowd and I know what it means. I know the following this club has got.”“These fans just want this club to compete and they want to be proud of their team. This manager has got them flying, if they go one step further this could be the start of something special under this manager. I think they’re on the verge of something really, really good.”last_img read more

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first_imgManchester City is currently in the second place of the English Premier League standings, just three points behind leaders Liverpool.Manchester City won the 2017-2018 season of the English Premier League with 100 points.And now with 25 matches played out of 38, the team is currently in the second spot of the table with 59 points.The Citizens are just three points behind leaders Liverpool.And for footballer Danilo, City manager Pep Guardiola has what it takes to guide them to a back-to-back championship.“Pep, for example, is a winner,” he told Sky Sports.“He won a lot of titles with his previous teams so that helps us every day, every game.”“Every situation is completely different even for him but his experience can help us,” Danilo added.“You have to play your game and play for another result. Sometimes you play before or after [your title opponents] and you have to try and put in the same performance every game.”“If you stay calm and keep focused then you can win the title,” he continued.Harry Maguire, Manchester UnitedLiverpool legend Nicol slams Harry Maguire’s Man United form Andrew Smyth – September 14, 2019 Steve Nicol believes Harry Maguire has made some “horrendous mistakes” recently, and has failed to find his best form since joining Manchester United.“It is much better to be on the top [instead of on second].”“In this time we are second and every game we are trying to get Liverpool, but if we have the opportunity to be on top it would be much better for us,” he explained.“It was good for us and everyone in the dressing room knows that, but if we don’t do our job it will not be enough.”“So we are a bit happy but knowing we have to do a bigger job,” he said about the Liverpool tied this week.“It was a disaster for us dropping points at Newcastle but the season is long. There are lots of games to play.”“Liverpool are doing well but if you keep going and win games then you can come back,” Danilo concluded.EPIC BATTLE! ⚽️#mancity pic.twitter.com/9uBHQKMdP4— Manchester City (@ManCity) February 5, 2019last_img read more

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