FDI into South Africa soars


first_img6 July 2012 South Africa led the subregion as foreign direct investment (FDI) inflows into sub-Saharan Africa jumped by 25% in 2011, according to the 2012 World Investment Report by the UN Conference on Trade and Development (Unctad). The report, released in Geneva, Switzerland on Thursday, shows that FDI inflows to sub-Saharan Africa soared from US$29.5-billion in 2010 to $36.9-billion in 2011, a level comparable to the peak of $37.3-billion achieved in 2008, prior to the onset of the global financial crisis. FDI to South Africa rebounded from $1.23-billion in 2010 to $5.81-billion, making South Africa the second-biggest FDI destination on the continent in 2011 after Nigeria, which received $8.92-billion in FDI.Oil, gas producers still dominant Ghana ($3.22-billion), Congo ($2.93-billion), and Algeria ($2.57-billion) completed the top five African FDI destinations by Unctad’s reckoning, underscoring the dominance of oil- or gas-producing countries – South Africa being the sole exception. Another significant African oil producer, Angola, also received major investment inflows, according to Unctad, “but divestment and repatriated profits by transnational corporations rendered net inflows negative”. Continuing rises in commodity prices and a relatively positive economic outlook for sub-Saharan Africa were among the factors contributing to the turnaround, the annual survey found. For Africa as a whole, total FDI inflows declined. However, this was due to a drop in FDI to North Africa, with inflows to traditional strong performers Egypt and Libya coming to a halt as result of protracted political and social instability in those countries.Improved investor perceptions Overall, the continent’s FDI prospects for 2012 were promising, Unctad said, “as strong economic growth, ongoing economic reforms and high commodity prices have improved investor perceptions of the continent.” Unctad’s figures show that South Africa’s FDI inflows for 2011 accounted for 13.6% of Africa’s total, while amounting to 31.8% of the country’s gross domestic product (GDP) in 2011 – up from 9.9% in 1995. Jorge Maia, research head at South Africa’s Industrial Development Corporation, who presented Unctad’s report locally, said the country’s investment policy regime was “quite liberal compared to other countries”. “South Africa is not only rich in natural resources, it also has very good infrastructure relative to its peers and very good technical skills,” Business Day reported Maia as saying. Leon Myburgh, sub-Saharan Africa strategist at Citigroup, told Business Day that Africa was outperforming most developed markets and some emerging markets as well. “Given its relatively low state of development, there are huge opportunities for investment across the continent, either for new business or infrastructure,” Myburgh told Business Day. “These are being exploited and will continue to be exploited in coming years.” SAinfo reporterlast_img read more

African filmmakers discuss the state of African cinema


first_imgFive of Africa’s top independent filmmakers participated in a discussion panel at the 2017 Rapid Lion South African International Film Festival, sharing their thoughts on the state of African cinema and its future.Film directors (from left) Vincent Moloi, Steve Gukas, Arthur Musah, Daryne Joshua and David Mboussou discuss the African film industry with mediator Eric Miyeni at a Brand South Africa discussion during the Rapid Lion South African International Film Festival on 6 March 2017. (Image: Brand South Africa)CD AndersonThe RapidLion South African International Film Festival is showcasing the best films and filmmakers of Africa and its diaspora, and BRICS (Brazil, Russia, India, China and South Africa) members. The festival will run until 12 March 2017 at the Market Theatre in Newtown, Johannesburg.The festival includes screenings of films and documentaries, as well as panel discussions and an awards ceremony. The workshops focus on deepening mutual understanding, strengthening collaborative relations and exploring opportunities for growth and investment in the film-making industry.Brand South Africa has partnered with RapidLion to celebrate African filmmaking, particularly South African cinema. Under the theme of Inspiring New Ways, the partnership aims at soliciting ideas and perspectives from filmmakers and industry players on how African – and the South African Nation Brand – stories can be communicated in visual form, through compelling storytelling.During a recent panel chaired by festival director Eric Miyeni, a diverse group of African directors spoke about their experiences working in the industry, promoting their films to a global audience and finding the spirit of true African storytelling.The discussion focussed specifically around the theme of “how should cinema reflect Africa today?”.The five filmmakers were:David Mboussou, Gabonese director of the documentary series I am Congo.Arthur Musah, US-based, Ghana-born documentary maker. His film Naija Beta follows Nigerian undergraduates returning home to host a robotics summer camp for high schools.South African documentarian Vincent Moloi. His documentary, Skulls of My People, is an in-depth look at the history of German colonialism in Namibia and its effect on the country’s indigenous people.Steve Gukas, Nigerian director of the highly praised Ebola drama 93 Days, which stars Danny Glover.South Africa’s Daryne Joshua, director of the critically acclaimed prison drama Noem My Skollie.Combating the legacy of Western voyeurism@Brand_SA @MarketTheatre @ArtsCultureSA @Abramjee @RapidLionFilm African stories in an eye of an African, not WEST! #BrandSAPanelDiscussion pic.twitter.com/g8ueCoYyGM— Nkululeko Ngubane (@Nkulie14) March 6, 2017Miyeni opened the discussion highlighting the challenges of being an African filmmaker attempting to take African stories to the rest of the world. With a legacy of these stories being told through a more Western/European lens, African filmmakers, he said, have a responsibility to represent the continent and its people more accurately. Filmmakers also needed to find the stories that have yet to be told, and take those stories to the world.Mboussou concurred, aptly using an African proverb – “until lions are able to tell the story, hunters will always be the winners” – to encourage the sharing of ideas and knowledge between the continent’s filmmakers and finding common ground to get more African stories told globally.Musah, as American-Ghanaian, said it was important to get the stories he told right through diligent, honest research.Gukas reiterated that African stories need not fulfil conventional Western film narratives, but focus on the human experience. “Africans can find any story to tell, good or bad, as long as it was mindful of the right sensibilities and responsibilities of telling those stories.”Joshua, who with Skollie, attempted to tell a different kind of story about South Africa’s coloured community, said it was important to get the narratives right through cooperation and collaboration with the community whose stories filmmakers are attempting to tell.What challenges exist within African cinema?@Brand_SA @ArtsCultureSA @Abramjee @RapidLionFilm Arts&Culture treaties signed with the world, is it working for us?#BrandSAPanelDiscussion pic.twitter.com/nuslRBcE8x— Nkululeko Ngubane (@Nkulie14) March 6, 2017Miyeni asked panellists what they considered are the issues negatively impacting African storytelling in film.Across the board, the panel agreed that combating African stereotypes in film was imperative.Musah said as a filmmaker working in Africa and the US, it was a difficult to not be influenced by the usual Western film tropes that characterised Africa in film. His role as filmmaker, in general, was to fight clichés and champion realism in the stories he told.Moloi said that filmmakers, particularly documentarians, needed to treat their subjects with respect.Joshua added that even though it was sometimes challenging to find a positive angle in telling real stories, audiences responded well to uplifting, optimistic storytelling even when dealing with difficult themes.Gukas said the most prevalent challenge to making great African cinema was overcoming the “white saviour complex” in films. Not only did the notion of idealising western convention over realistic African stories impact the way the world sees the continent, more importantly, watching “Hollywood heroes” coming to Africa’s rescue impacted the way African audiences see themselves.From a marketing point of view, panellists agreed that filmmakers and audiences needed access to more platforms to see diverse products from small, independent African filmmakers that often get lost in the larger global cinema marketing machine.More specialised film festivals are also needed with better access to online video platforms to get the word out and create a buzz around films, no matter how small, and to boosts audiences.How to make African cinema world class@Brand_SA @MarketTheatre @ArtsCultureSA @Abramjee @RapidLionFilm Role of Cinema in positive portrayal of Africa? #BrandSAPanelDiscussion pic.twitter.com/HAPkQDHwCm— Nkululeko Ngubane (@Nkulie14) March 6, 2017Wrapping up the panel, Miyeni asked the filmmakers how the African film industry could compete with international film markets.Joshua said that even with the exceptional technical skills the continent has built up over the last few years, a focus must now be on writing and storytelling. While finding resources is easy – “all it takes is a pen and a page”- nurturing African writers with good, original and diverse stories is important.Moloi repeated a call for not only finding new markets for African film, but to create our own markets. “Embrace new media, like online video sharing,” and find ways to control the editorial direction of the art form. Also, as agreed by the entire panel, new funding models need to be found that emphasise content over commerce.Movie fans, journalists, bloggers and other influencers need to “be champions of African film and stories”, said Gukas. This kind of exposure will change the narrative of the African film industry and change global attitudes. The films are slowly being made, the world just needs to be told about them.From a technical standpoint, Musah thought specialisation is key. “Perfect the craft, find new ways of doing things using the tools available.”The Rapid Lion South African International Film Festival ends on 12 March 2017. For more information, check the festival website.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

Ohio Ag Weather and Forecast — April 10, 2018


first_imgShare Facebook Twitter Google + LinkedIn Pinterest 180410_RyanMartinOur forecast is largely unchanged this morning. WE should put together several dry days in a row, but cold air is still dominant today and tomorrow. Temps will be a little warmer than yesterday, but we will still be a good 10 degrees below normal at the very least.A system passes by to the north on Thursday that brings nice rains to the Great Lakes into southern Ontario. This will drag a little bit of moisture down into northern Ohio, with a few hundredths of an inch to .1” over about 60% of the region from US 30 northward. We really seem to dodge the action farther south, with only a few clouds around. The biggest thing to notice for Thursday will be a shift in winds to the SW as that low passes by to the north. This will start a short 3 day period of significant warming across the region. Temps will shift to 10-15 degrees above normal for Thursday, Friday and Saturday. Strong winds (20-40 mph) drive the initial warm up for Thursday.Clouds mix with some sun on Friday, but don’t discount an isolated shower or two. The bulk of the state stays precipitation free. Saturday sees the rain kick off in Ohio with the potential of .25”- 1” rains over 60% of the state. Additional rains and thunderstorms hammer the state on Sunday, meaning we can add another .25”- .75” over 80% of the state on Sunday. That brings combined totals for the 2 day period to 1”-2”. The map above shows rain totals through Sunday evening.Dry Monday, Tuesday and Wednesday of next week to finish out the 10 day period with high pressure in over the region. This is a Canadian high, though, so while temps may not be as cold as the start to this week, we are going to be much colder than the end of this week and start of the weekend. In fact, we think most of next week will have temps back in the 10-15 degrees below normal range.The extended 11-15 day forecast window shows no significant change from yesterday. WE have strong low pressure complex in the grain plains for the 21st, and we still expect that system to spread .25”-1.25” rains into the eastern Corn Belt later for the 22nd and 23rd. Models suggest lingering clouds, cool air and sprinkles through the 24th, and then a cooler Canadian high back in for the balance of April. This forecast does not promote a rapid rise in soil temps.last_img read more