Pooran eyeing return to national duty

first_img He added: “The next step will be CPL. I’m looking forward to that.” Pooran has played just three first-class games but has already shown sparks of promise with a half-century against Jamaica Scorpions and 47 against Guyana Jagaurs, which came in his last innings. The former West Indies Under-19 player said his return to cricket was a gradual one, but after initial struggles, he now felt back to his old self. “I started back playing some wind ball cricket, with some T20, T10, minor league cricket,” he noted. “It was good for me. I still had my batting intact. Nothing had changed. It’s just the wicket-keeping was a bit difficult at the start, but now I’m back to keeping as normal.” Pooran said that his time away from the game was a trying experience but pointed out that he had come to appreciate cricket even more as a result. “I have to thank God for life because it was a difficult period for me. Every day I looked at cricket, I kept missing it more and more, and when I started back playing, I was really eager to start back playing,” he said. “At a point in time, I wanted to rush to play, but that wasn’t good for me. Every time I saw cricket, I missed it a lot. I would be sitting down and watching other players batting, bowling, keeping or whatever, and I would say, ‘I know I can do better than that. I can do this and I can do that.” Pooran came to the fore when he lashed a superb 100 for West Indies at the Under-19 World Cup two years ago against Australia. PORT OF SPAIN, Trinidad (CMC): Attacking batsman Nicholas Pooran is anxious to resume his first-class career after making a full recovery from injuries sustained in a vehicular accident last year. The 20-year-old was preparing to turn out for Trinidad and Tobago Red Force in the 2015 Regional Super50 when he was involved in a car crash when returning home from training in January. He sustained leg and knee injuries, which kept him out of action for a protracted period, but has worked his way back steadily, and he played his first competitive match last Sunday for Queen’s Park Club in the domestic 50-overs competition. “I really thought I could have played in the [Regional Super50] but I didn’t get the chance to prove myself,” he told TV6 Sports here. “I didn’t have many trial games, and that was a bit unfortunate, so now I guess it’s back to club cricket, and when I make runs, hopefully, everything goes good and I get picked in one of the four-day games.” NEXT STEPlast_img read more

Billions in capital allocations to be financed from foreign loans

first_imgBudget estimates reveal……deficits will cut oil and gas revenue – Ram & McRaeGovernment’s $300.7 billion Budget was approved in the National Assembly on Friday, with Ministers outlining their plans for spending the money. However, a perusal of the estimates shows that a large chunk of capital allocations will come from foreign loans.According to the estimates, $27.7 billion in capital expenditure will come from loans and grants. However, the majority – some $20.4 billion – will come from loans from both international agencies and countries.The estimates show that the Inter-American Development Bank (IDB) accounts for $7.9 billion, which is the largest chunk. Not far behind is China, which accounts for $4 billion. This is actually a reduction from the $9 billion the latest estimates show was attributed to them for 2018.India also accounts for $3.7 billion, while a sum of $2.6 billion is attributed to the Caribbean Development Bank (CDB). In terms of grants, the European Union accounts for $2.3 billion. Norway, through the REDD+ Investment Fund (GRIF), accounts for $1.4 billion.Deficit financingIn the context of the oil and gas sector, several worrying fiscal indicators has caused audit firm Ram and McRae to project reduced earnings from first oil for Guyana if these trends are allowed to continue.One such trend is the Government’s fiscal deficit, a case where monies are sourced more from loans than from revenue. According to the firm in its Budget focus, Guyana risks less money going towards the Natural Resources Fund and more going towards making up for the deficit.“The danger of deficit financing is that all things being equal, oil revenues for the early years after First oil will simply go to bridging the deficit and little left for investments and savings,” the firm noted.At a recent event hosted by the Georgetown Chambers of Commerce and Industry (GCCI), Opposition Leader Bharrat Jagdeo had warned that earnings from oil and gas in the first few years may fall short of the “rosy picture” being painted by the Government.He had even posited that Government may not even get the chance to use the earnings from oil revenues as they see fit, on account of the debt racked up from domestic borrowing. Soon after this, however, Minister of State Joseph Harmon was quoted disputing this prognosis.In the Budget 2019 estimates, it is noted that the fiscal deficit will be approximately five per cent of Gross Domestic Product (GDP). Ram and McRae said while the total expenditure for 2019 is $300.7 billion, total income is $248.6 billion.According to the Ram and McRae, this results in an overall deficit of $52.1 billion.“Total current revenues are projected to increase by $21.4 million to $238.3 million or by 9.9 per cent. Of this, the Guyana Revenue Authority is expected to account for revenues of $223,583 million or 93.8 per cent of total revenue, an increase of $24,092 million or 12.1 per cent when compared to 2018.”“Not only does increasing tax revenue appear to be a major policy objective of the Government but instead of using the increases to reduce the Budget deficit, the Government chooses to incur sometimes extravagant and avoidable expenditure. As a result, 2019 will see a widening of the deficit from $41,300 million to $52,156 million,” the firm added in its Budget Focus document.According to Ram and McRae, increasing tax collection at a rate much faster than the growth of production sector depletes “the oxygen… from the economy.” The firm warned that this is not a good strategy for preventing the Dutch Disease.The Dutch disease is an economic term for rapid changes to a country’s revenue earnings that result in a reduction in the value of other exported commodities. The situation is often blamed on the sudden development of one sector at the expense of others.last_img read more

St. Anthony’s, Kakamega make statements

first_img0Shares0000Kakamega High School players celebrate one of their four goals against Kathungi High School during their Kenya Secondary School Sports Association (KSSSA) game in Eldoret on July 24, 2018. PHOTO/Timothy OlobuluELDORET, Kenya, Jul 24- In the absence of defending champions Upper Hill High School from Nairobi, pre-favorites St. Anthony’s Boys Kitale and Kakamega High’s Green Commandos showed early intent after winning their opening games of the Kenya Secondary School Sports Association boys’ football on Tuesday in Eldoret.St. Anthony’s Kitale thumped debutants Ringa Boys from Nyanza 5-0 in a mini Mashemeji derby, a game that attracted a huge number of fans while Kakamega High School won 4-1 against Eastern Region’s Kathungi. “I am very pleased with the result today. Winning the first game with a good margin is good and it has given my boys confidence. I know we are in a tough pool but I am not afraid. I have played in these championship so many times before and winning has been a part of me,” a confident George Owoko, the St. Anthony’s Kitale head coach said.Owoko, a former Tusker FC and Bandari FC assistant coach who won the national and East Africa title in 2016 with Kisumu’s Barding says he is confident they will win the crown.St. Anthony’s Kitale head coach Georeg Owoko gestures from the touchline during their Kenya Secondary School Sports Association (KSSSA) game in Eldoret on July 24, 2018. PHOTO/Timothy OlobuluDebutants Ringa were keen to show they were in it on merit and had an early chance after five minutes when Bill Clinton broke through with only the keeper to beat, but his finishing was wanting sending a shot straight to the keeper.But, Owoko’s boys blew from the shadows of Ringa to break the deadlock after 12 minutes when Eli Sakenyi’s shot from distance somehow managed to grease through the butter fingers of Ringa custodian Roswel Otieno.In the second half, ST. Anthony’s came back wit more venom after being restricted in most of the first half and Sakenyi doubled his tally for the game with a 66th minute goal tapping home from a defensive error.Owoko’s boys finished off the job in the final 15 minutes of the game, James Kibendi stepping off the bench to score a late brace to see the team start off positively.In the other pitch, Kakamega whose last conquest in the national games was 2008 in Machakos showed their intent to reclaim the trophy with a comfortable win over last year’s semi-finalists Kathungi.Kakamega were powered by Gor Mahia midfielder Alpha Onyango and Sony Sugar’s Joshua Otieno and used their experience playing in the National Super League to make minced meat of the Eastern region reps.This member of the canine family could not ignore the allure of isikuti voices amidst Kakamega High School team fans during the Kenya Secondary School Sports Association (KSSSA) games in Eldoret on July 24, 2018. PHOTO/Timothy Olobulu“That NSL experience has really helped us to grow but in these school games, you can’t underrate anyone. We are taking a game at a time and hopefully we go on to win. It is tough but we are equal to the task,” said the Green Comandos coach Brendan Mwinamo.Kakamega however had to come from a goal down with Kathungi breaking the deadlock in the 15th minute through Rashid Abdulrahman.But, the hard fighting commandos went back level eight minutes later through Kevinton Machika before Otieno showed his worth with a 21st minute thumping goal from the right after the keeper failed to give the ball a powerful punch.Machika completed his brace late on in the first half before Dan Oloo sealed the win six minutes into the second half.0Shares0000(Visited 9 times, 1 visits today)last_img read more

Harvey’s Point hand over TripAdvisor No. 1 spot ‘from one great team to another’

first_imgHarvey’s Point in Donegal has missed out keeping the title of Ireland’s No. 1 Hotel for 2018 from travel website TripAdvisor. Following a five year reign in first place, the 2018 Travellers’ Choice list placed Harvey’s as number two out of the Top 25 Hotels in Ireland.The Travellers’ Choice list compiles ratings from millions of travellers all over the world to rank the best of the best. The five star Killarney Park Hotel in Co. Kerry was rated as number one for this year. The Harvey’s Point team gracefully congratulated the new No. 1 hotel with a toast to their achievement, saying: “Heartiest congratulations from one great team to another great team. Delighted for our friends in Killarney Park on winning Trip Advisor No. 1 Hotel in Ireland 2018.”Harvey’s Point, located outside Donegal on the shores of Lough Eske, was also celebrated as the 22nd Top Hotel in Europe for 2018, the 4th Top Hotel in Ireland for Service and the 5th Most Romantic Hotel.Three other Donegal hotels received recognition on the Top 25 Ireland list, with the Villa Rose Hotel, Ballybofey at No. 9, the Shandon Hotel & Spa at No. 12 and Rathmullan House at No. 19.Here is where Donegal’s Hotels placed in other categories of the 2018 TripAdvisor Travellers’ Choice lists: Top 25 Small Hotels – Ireland 2018: Ballyliffin Townhouse, No. 7 and Castle Grove Country House Hotel, No. 24Top 25 Luxury Hotels – Ireland 2018: Lough Eske Castle, a Solis Hotel & Spa, No. 12Top 25 Bargain Hotels – Ireland 2018: Caislean Oir Hotel Annagry, No. 3, Villa Rose Hotel, No. 4, Station House Hotel Letterkenny, No. 25Top 25 Hotels for Service – Ireland 2018: Harvey’s Point, No. 4 and Shandon Hotel & Spa, No. 22Top 25 B&Bs and Inns – Ireland 2018: On The Rocks, Greencastle, No. 10Top 25 Hotels for Romance – Ireland 2018: Harvey’s Point, No. 4Top 25 Hotels for Families – Ireland 2018: Downings Bay Hotel, No. 13Harvey’s Point hand over TripAdvisor No. 1 spot ‘from one great team to another’ was last modified: January 23rd, 2018 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Harvey’s Point HotelhotelsRathmullan Houseshandon hotel & SpaTripAdvisorVilla Rose Hotellast_img read more


first_imgMusicians and singers from across the county will share some magical musical moments in Letterkenny this week.A Christmas Market is being held at the Courtyard Shopping Centre on Friday and Saturday with a number of performing groups helping to put you in the festive mood.On Friday evening at the Centre, from 6-7pm Mind Your Quaver will perform followed by the Errigal Singers at 7-8pm. The Errigal Singers will also be performing at Cafe Blend on this evening alongside the North West Writers.The Errigal Groove Orchestra will swing into Christmas on Saturday followed by the Letterkenny Junior Choir and Donegal Chamber Orchestra.On Sunday at Letterkenny Shopping Centre, Mind Your Quaver will “Play for Simon” in aid of North West Simon.The hugely popular annual Family Christmas Concert returns to An Grianán Theatre on Sunday December 14th. Featuring the award-winning Donegal Youth Orchestra, celestial carols from the Donegal Youth and Junior Choir, a heavenly performance by the Donegal Chamber Orchestra and the playful Jazz styling of the DMEP Saxtet.Tickets €10/€5 children, Family Ticket €25 (2 adults & 2 children) can be booked at An Grianán Theatre (074)912 0777 or www.regionalculturalcentre.comCarols at Christmas with the Conwal Singers and special guests also promises to be a joyous evening at Conwal Parish Church, Letterkenny on Wednesday December 17th at 8pm.Thursday December 11th 8pm – Cafe Blend, LetterkennyEnjoy some coffee & cake in the company of the Errigal Singers who will be performing alongside the North West Writers. Friday December 12th – Courtyard Shopping Centre6-7pm – Mind Your Quaver7-8pm- Errigal SingersSaturday December 13th – Courtyard Shopping Centre 12-2pm- Errigal Groove Orchestra4-5pm- Letterkenny Junior Choir5-6pm- Donegal Chamber OrchestraSunday December 14th- Letterkenny Shopping Centre4-5pm Mind Your Quaver7pm – An Grianán Theatre, DMEP Annual Family Christmas ConcertWednesday December 17th – Conwal Parish Church, Letterkenny8pm-Carols at Christmas with the Conwal Singers.MAGICAL WEEKEND OF CHRISTMAS MUSIC AHEAD was last modified: December 11th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:letterkennyMUSICWeekendlast_img read more


first_imgThe North West 10K committee make the announcements of their charities.The 19th North West 10k was launched in the Mount Errigal Hotel tonight where the four benefiting charities from this year’s event were announced by the organising committee. The benefiting charities this year are the Multiple Sclerosis Society, Donegal Down Syndrome Association, Blood Bike North West and the Donegal Youth Service.The event has brought in nearly €700,000 for 30 charities since 1997 and that fundraising drive will continue on Sunday, May 3rd in Letterkenny. Organisers are hoping that around 3,000 people will gather at the Community Centre for the hugely successful charity event.Chairperson James Boyle said the 10k organization was delighted to again have the same sponsors on board Brian McCormick Sports and Leisure and Donegal Daily.Com.Over 20 organisations expressed an interest initially in being one of the main charities this year.Mr Boyle thanked everyone for their help in making the 10K the huge success it has become. In particular he thanked the Gardai for their co-operation on the day and running up to the event.Members of the four charities chosen to benefit outlined the work of their groups and expressed their thanks for being chosen by the North West 10K committee.Among those who attended tonight’s launch was County Manager Seamus Nealy, former Olympian Danny McDaid and councillors James Pat McDaid and Gerry McMonagle.The charity race and walk takes place on Sunday, May 3rd in Letterkenny starting at 2pm. For further details visit the website at www.northwest10k.com.FOUR CHARITIES TO BENEFIT FROM NORTH-WEST 10K EVENT NAMED was last modified: March 3rd, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:charitiesdonegalNorth West 10klast_img read more

Late Firmino strike earns Liverpool dramatic Champions League win over PSG

first_imgLiverpool smelled blood and won a penalty five minutes later when Georginio Wijnaldum was tripped by Juan Bernat. Milner made no mistake from the spot to give the Reds a dream 2-0 lead.However, Thomas Tuchel’s men pulled one back five minutes before the break when Thomas Meunier’s insinctive volley nestled into the net after the ball rebounded off Robertson.Jurgen Klopp’s side started the second-half well and they thought they went 3-1 up but Mohamed Salah’s 57th-minute strike was disallowed after Sturridge clashed with Areola.And Sturridge then missed a glorious chance to restore Liverpool’s two-goal lead but the striker could only weakly head Trent Alexander-Arnold’s cross straight at the PSG keeper.Sadio Mane ‘s brilliant run and shot almost put the game to bed on 81 minutes.And the visitors made them pay a minute later when Mbappe fired home Neymar’s lay-off to silence Anfield after Salah gave the ball away in a bad position. Milner made the likes of Neymar look very ordinary 4 The hosts started the game on the front foot and Alphonse Areola was forced into making early saves from Virgil van Dijk and Milner.Mohamed Salah’s menacing corner was then just tipped over the bar by the PSG stopper as Liverpool asked even more questions of the French champions.PSG grew into the game and had their first effort on goal when Neymar stung the hands of Alisson Becker.But the Reds took the lead on 30 minutes when Sturridge, recalled to the starting XI in place of Firmino, powerfully headed Andy Robertson’s inch-perfect cross into the net. 4 Mbappe’s late strike had seemingly snatched a point for PSG 4 On 86 minutes, Alexander-Arnold’s free-kick was deflected just wide of the goal while Van Dijk did well to block Julian Draxler’s goalbound shot.But in the first minute of added time, Firmino picked the ball up on the right before powering the ball home to send the Liverpool faithful wild.STAR MANFirmino will get all the headlines but Milner was the best player on the pitch.Henderson and Wijnaldum were also outstanding and bossed the midfield battle but Milner was just that little bit better in what has been a fantastic season for the 32-year-old so far. Goals from Sturridge and Milner put Liverpool in charge 4 Roberto Firmino’s stoppage-time strike saw Liverpool claim a dramatic 3-2 victory in their Champions League opener against Paris Saint-Germain at Anfield.It looked like the Reds were going to have to settle for a point when Thomas Meunier and Kylian Mbappe cancelled out first-half strikes from Daniel Sturridge and James Milner.But the Brazilian – who started on the bench with an eye injury – had the final say to continue the Reds’ winning start to the 2018/19 campaign. It was a well-deserved victory for the Reds His assured penalty also set Liverpool on their way to victory.MOMENT OF THE MATCHThe Reds were brilliant for most of the game and totally outplayed their opposition but almost let the game slip from their grasp when Mbappe got the late equaliser.However, Firmino’s goal was a brilliant piece of quality. A goal fit to win any match – and his celebration wasn’t too bad either!Liverpool fans were loving Roberto Firmino’s late strike and celebrationlast_img read more


first_imgApologies for the lack of blogs due to Jason being stuck in the storm with very little coverage. Jason Black has encountered a number of challenges in his attempt to scale Mt McKinley.Alaskan rangers have reported that the weather that this snow storm has brought is the worst they’ve seen in over 20 years.On Thursday 29th May, Jason made his way back to camp 1 in an effort to await better weather conditions. After a grueling 8 days waiting between Camp2 & Camp1, Jason eventually ran out of food and fuel supplies.On Sunday 1st June, Jason sent a message home saying “l’ve been under so much bad weather pressure that I’m out of food at camp 1.“I’m going back down to base camp for food I left for way out.“Going to head back in for 1 final attempt. “Times really against me and it is unreal  and hard to believe, it’s super tough.“It isnt the mountain ahead that wears me out its the pebble in my shoe.“I haven’t seen darkness since entering Artic circle, bright 24/7.“Love to all J.In another message Jason said ”I would also like to take this opportunity to thank my wife Sharon and manager Philip Ward together with all staff for affording me this opportunity to follow my dream by covering my ass at work while i’m away. A huge thanks also to all those who sponsored me as without your generous support this expedition would not have been possible.Clicking the following web address link will direct you to Jason’s Route Tracker https://share.delorme.com/jasonblackJason’s most recent blog below, was posted on June 4th.Mother nature takes its toll on Mt McKinle Mt McKinley you are making my life hell and back.After everything endured & a break in weather we give the grueling West Rib a final stab. 7hrs of -15 freezing temperatures.We scaled 3000ft through dreaded death valley by now loaded seracs peer down.I travelled as freezing temps holds avalanche creep.At arriving at the head of the glacier , climbing was so difficult as soon as we tackled the Blue lce Head Wall -100s meters straight up & the gateway to the rib ridge within the eery silence it became obvious it was not passable and within a deadly assassin ready to strike.The severe weeks snow storms took its tole , leaving us to retreat with its West Rib approach to the summit.Returning down to camp 1 frustrated after 11 painful hours breaking deep snow trail & climbing focused on success.Need to sleep now & see tomorrow’s plan.Sorry for the pain i feel it big time.Obstacle needs a solution. No mountain too high , no problem too big to conquer. Love you all , J x’“Had a good sleep & realistic talk with myself , the only option available now is the West Buttress.Not what i came here to do, factors at this stage to consider is weather, clear till Wednesday.Snow on its way again, I still need to build time 2 allow acclimatize as I climb & time before flights out of here.summit success needs all these perfect with no glitches.For now thats it grim outlook but positive & strong.Food today has helped aid recovery.Arctic has proved a real test this expedition has thrown everything it possibly could at me the big one being 20yr record snows trapping me for 8 days then allowing 2 days for avalanche settle i guess same as life and real world.Life in this world tests your real self belief & applying life skills seldom used daily back home a resilience we have all built in. J’ADVENTURER JASON BLACK CAUGHT IN SEVERE SNOW STORM IN MT MCKINLEY CHALLENGE was last modified: June 5th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:FeaturesJason BlackMt McKinleynewslast_img read more

Half-time: Chelsea 2 Galatasaray 0 (Agg: 3-1)

first_imgFirst-half goals from Samuel Eto’o and Gary Cahill put Chelsea within sight of the Champions League quarter-finals.Galatasaray’s former Chelsea star Didier Drogba was given a predictably warm reception on his return to Stamford Bridge, where the hosts went ahead only four minutes into what has so far been a one-sided second leg.Oscar linked up well with Eden Hazard to create the opening for Eto’o and the striker’s shot crept under keeper Fernando Muslera, who perhaps should have done better.After more nice interplay involving Hazard and Oscar, Frank Lampard sent an effort over the bar.And John Terry went close with a thumping volley from Lampard’s free-kick just after the half-hour mark.Terry and Lampard were both involved in the second goal four minutes before the break.The captain’s header from Lampard’s right-wing corner was parried by Muslera and Cahill was on hand to belt the loose ball into the roof of the net.Chelsea: Cech; Ivanovic, Cahill, Terry, Azpilicueta; Ramires, Lampard; Willian, Oscar, Hazard; Eto’o Subs: Schwarzer, Kalas, David Luiz, Mikel, Schurrle, Ba, Torres.Follow West London Sport on TwitterFind us on Facebooklast_img read more

South African business encouraged to give more at conference

first_imgMelissa JavanBrand South Africa board chairperson Khanyisile Kweyama challenged business leaders to go above and beyond to change society for the better. Speaking at the 2016 In Good Company conference at the Atterbury Theatre in Pretoria on 30 August, Kweyama said: “It’s only when we create sustainable, durable solutions that we overcome challenges.”Sustainable change can be achieved, she argued, when companies are more creative and are courageous in the way it allocates corporate social investment (CSI) budgets. Far too often companies look at CSI as charitable spending rather than funds that can make real change. “CSI programmes can be invested in growing the country.”Why is enterprise and skills development not funded more often through CSI programmes, she questioned.She urged corporate leaders to show the way forward by being courageous, tenacious and resilient. “Let’s improve the social conditions and build a strong nation brand.”Create sustainable solutionsIn Good Company is part of an ongoing initiative run by Nation Builder, the conference organisers. Nation Builder helps companies channel it’s CSI into initiatives to make the most sustainable change in South Africa. Founded by the Muthobi Foundation, Nation Builder is a community of businesses and individuals dedicated to changing their communities through action.Keri Paschal, executive director of the Muthobi Foundation and trustee of Nation Builder, said it can be achieved “through the sharing of practice, lessons learned and the development of collaborative tools to equip all of us to achieve better results in our Good Giving, both individually and within our business.”Paschal explained that they have benchmarked charities and created tools and resources that help businesses gauge the success of their CSI projects.Research conducted by Nation Builder Trust has found that R8.1-billion is channelled annually through CSI budgets. It is estimated that that investment, if spent wisely, could generate R25-billion worth of economic activity.Informal traders, the invisible matrixGG Marc Alcock, author of Third World Child and KasiNomics, used the novelty of food trucks (entrepreneurial businesses that can generate between R25 000 and R100 000 a month) to explain how the country’s informal traders are contributing to the economy.When he noticed that employees were willing to spend R35 for a meal from a food truck when meals at the staff canteen were cheaper, he wondered why.“The food truck’s food doesn’t stay overnight. It is fresh,” was the answer.It gave Alcock important insight: businesses need to look at unique ways of meeting needs. It was the same with hawkers selling fruit and vegetables – customers bought it because it was fresh.“What about your neighbour being your competition?” Alcock asked the hawkers who sell the same products but sit next to each other. One answered: “I have my own customers, just like she [the neighbour] has her own.” Alcock said it showed that relationships are important in business.The value of spaza shops and spazarettesAlcock said that South Africa’s economy is being sustained by the informal sector. “We need to recognise the role the informal sector plays.”For example, there are 70 000 spaza shops, defined as a hole in the wall shop that sells basic necessities to customers, each could generate between R30 000 and R80 000 per month turnover. A spazarette is just a bigger version of a spaza shop, where customers buy weekly goods.He added: “Although they are below the tax bracket in terms of their profit, they pay VAT anyway when they buy their goods.”Alcock said the informal sector helps the unemployed earn a living. “We [as corporates] need to enhance, and support these businesses.“They are the invisible economic matrix, their businesses surround us, but we don’t see them.”Other speakers included Mike Schussler, director of Economists.co.za, and Francois van Niekerk, founder of the Mertech group and co-founder of Atterbury properties. Van Niekerk spoke about the marriage between business and purpose, while Schussler’s talk was titled We ignore the good news about South Africa at our peril.Conference host and actor Eric Miyeni said CSI should begin the day you start your business. “Most people think CSI is outside. You can start with your first employee, your first partner or yourself.“CSI is about being good to your fellow citizen.”Would you like to use this article in your publication or on your website? See Using SouthAfrica.info materiallast_img read more