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At under $40, is the Pfizer share price too cheap?

At under $40, is the Pfizer share price too cheap?

first_img Stuart Blair | Saturday, 19th June, 2021 | More on: PFE Stuart Blair has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Since it announced that it had developed a Covid vaccine, the Pfizer (NYSE: PFE) share price has risen 18%. And it’s up almost 24% in the past year. Nonetheless, with a recent trading update that was excellent, in the views of many, Pfizer shares are now too cheap. But are they really? Yes, the company has managed to grow both profits and revenues. But these positives need to be balanced against some of the risks, especially as the company is facing multiple patent expirations in the middle of the current decade.Recent trading updateIn the first-quarter trading update, the positive impact of the vaccine could be seen. In fact, Q1 revenues were $14.6bn, 45% higher than the previous year. Profits were 48% higher at over $5bn.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…These are clearly very strong results and demonstrate why Pfizer shares have managed to rise recently. The company also announced a quarterly dividend of 39 cents per share. This equates to an annual yield of roughly 4%. In comparison to the majority of pharma companies, this is high and I feel it offers a compelling reason for me to invest.The recently strong financial results have equally demonstrated the positive impact of the coronavirus vaccine on the company. Indeed, Pfizer expects to generate $26bn in revenues from the vaccine alone. These revenues seem fairly safe. This is because it has signed a number of long-term contracts with governments around the world, many of which extend until 2024. The problem here is whether Pfizer can maintain its revenue growth after the need for coronavirus vaccinations has diminished.What does the future hold?Fortunately, Pfizer is not entirely reliant on the vaccine, and its core business has continued to perform strongly. Indeed, excluding the effect of the vaccine sales, revenue growth was still 8%.Furthermore, the company has invested large amounts of cash into research and development, which will hopefully come to fruition in the future. In fact, as of March, Pfizer’s pipeline included 99 potential new therapies. Although not all of these will work out, it is still very promising. A new, successful drug would likely have a positive effect on the Pfizer share price.Even so, there are risks that need to be pointed out. For example, many of Pfizer’s most successful drugs are coming up to patent expiration. These include the immunology drug Xeljanz in 2025 and Prevnar 13 in 2026. This means that generic competition will be able to enter the market. As such, it is vital that the company can continue to expand its pipeline in case sales of these drugs are negatively affected.Is the Pfizer share price a bargain not to be missed?This year the firm expects earnings per share of around $3.60. This gives Pfizer shares a price-to-earnings ratio of around 11, which does indicate a cheap valuation. After the success of the vaccine, it is also hoped that the company can build on this and remain a leader in innovation. Hopefully, this would be met with even larger profits in the future. So, I do believe the Pfizer share price is too cheap and has some upside potential. As such, I’m very tempted to add Pfizer shares to my portfolio.  “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Stuart Blair Enter Your Email Address At under $40, is the Pfizer share price too cheap? 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Fannie Mae’s Q2 Performance

Fannie Mae’s Q2 Performance

first_imgHome / Daily Dose / Fannie Mae’s Q2 Performance Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae Fannie Mae reported a net income of $3.4 billion and comprehensive income of $3.4 billion for Q2 2019, up from the net income of $2.4 billion and comprehensive income of $2.4 billion for the previous quarter. The GSE states that this reflects “the strength of thecompany’s underlying business fundamentals.”“Fannie Mae’s results continue to show the strength of our business model and our ability to generate solid returns,” said Hugh R. Frater, CEO, Fannie Mae. ”We are sharpening our focus on capital management through the lens of FHFA’s proposed capital framework. We continue to work with industry stakeholders to identify and enable new solutions to our country’s housing challenges and increase the supply of housing. And we will continue to improve the company in order to deliver value, liquidity, and stability to the housing finance system.”According to a release, Fannie Mae provided $213.1 billion in liquidity to the single-family mortgage market in the first half of 2019 and was the largest issuer of single-family mortgage-related securities in the secondary market. Over 56% of the single-family mortgage loans the company acquired in the first half of 2019 were affordable to families earning at or below 120% of the area median income, providing support for both affordable and workforce housing. The company’s estimated market share of new single-family mortgage-related securities issuances was 35% for the second quarter of 2019.Additionally, Fannie Mae transferred a portion of the credit risk on single-family mortgages with an unpaid principal balance of more than $1.7 trillion since 2013, measured at the time of the transactions, including $148 billion in the first half of 2019.Between the two GSEs, Fannie Mae and Freddie Mac completed 1,746 foreclosure prevention actions in April 2019, according to the latest Federal Housing Finance Agency (FHFA) Foreclosure Prevention, Refinance, and Federal Property Manager’s Report. The report states that the GSEs have completed 4,334,550 since the start of conservatorship in September 2008. Previous: Remembering 30-Year Mortgage Industry Veteran ‘Marti’ Anderson Next: What Does the Jobs Report Mean for Housing? The Best Markets For Residential Property Investors 2 days ago August 1, 2019 1,459 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Fannie Mae’s Q2 Performance Fannie Mae 2019-08-01 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Share Save Related Articles  Print This Post Subscribelast_img read more

Fisherman says pitbull saved him from shark attack

Fisherman says pitbull saved him from shark attack

first_imgA California fisherman is crediting his pitbull with saving his life after he was attacked by a shark on the shoreline.The incident occurred on July 21st on Bodega Bay in Sonoma County.The victim,  James White, says he was standing on the shoreline when he reeled in a six-foot long, 100-pound sevengill shark. White attempted to get the hook out of the sharks mouth so it could return to the water, however, as he struggled with the hook, the shark some how latched onto his ankle and punctured an artery.White says he began screaming for help but before nearby fishermen were able to get to him, his pitbull whom, he left in his vehicle was somehow able to escape the vehicle and came to his rescue.The dog first attempted to attack the shark’s head but when that did not work, the dog went for the shark’s tail. Using his strength, the dog was able to pull the shark off of White’s leg. White then dragged the shark back into the water before seeking medical attention.White says he couldn’t be more proud of his dog and that if it wasn’t for him, he would have been in an even worse situation.last_img read more

Ex-US goalkeeper Tim Howard buys London team with consortium

Ex-US goalkeeper Tim Howard buys London team with consortium

first_imgLONDON (AP) — Former United States goalkeeper Tim Howard is part of a consortium that has taken over a fifth-tier football club in London. Colorado Rapids goalie Tim Howard gestures during an MLS soccer match against the Portland Timbers on Saturday, Sept. 8, 2018, in Portland, Ore. (Kent Frasure/The Oregonian via AP) The purchase of the majority of shares in Dagenham and Redbridge comes as the Victoria Road Football investment group prepares to launch Memphis 901 in the second-tier United Soccer League next year.The 39-year-old Howard is playing for Colorado Rapids in Major League Soccer after spells at English clubs Manchester United and Everton.Dagenham and Redbridge plays in a 6,000-capacity stadium in the east of London.___More AP soccer: https://apnews.com/tag/apf-Soccer and https://twitter.com/AP_Sportslast_img read more

My faith in Mason Rudolph is waning – He’s not yet attuned to the speed of today’s NFL (Nov. 20)

My faith in Mason Rudolph is waning – He’s not yet attuned to the speed of today’s NFL (Nov. 20)

first_imgLast Thursday night, the Cleveland Browns discombobulated the Pittsburgh Steelers by the score of 21-7. However, the game itself was to become a footnote compared to the madness occurred near the conclusion of the game. Everyone worth their salt in regards to NFL football sorta, kinda knew that the Steelers, even with one of the NFL’s top defenses, did not have a snowball’s chance in hell in defeating the “Brownies” at the “mistake by the lake.”Why? Well, first and foremost, on Sept. 29, the Browns thumped the Baltimore Ravens by the score of 40-25. During that game the Browns kept Ravens quarterback Lamar Jackson in check and used a diverse offense featuring Browns QB Baker Mayfield’s passing and Nick Chubb’s bloodbath-style running, to rip the Ravens for 530 yards.On Nov. 3, the unbeaten New England Patriots traveled to M&T Bank stadium to face the Ravens. The oddsmakers may have taken a beating because the anointed, sometimes-cheating Patriots left Baltimore disappointed by a 37-20 a__ kicking that administered to them from a chocolate city by a few descendants of Edgar Allen Poe. These same Ravens only beat the Steelers by the score of 26-23 on Oct. 6. Go figure!These are the same Patriots that beat the Pittsburgh Steelers like they stole something by the score of 33-3 on Sept. 8, the season-opener at Foxboro. Ben Roethlisberger was 24 for 47 for 276 yards and a pick. Roethlisberger also had 1 rushing attempt for 7 yards.How did Baltimore spank New England? It’s simple. They had more DBs in coverage than New England had receivers and they refused to allow Tom Brady to pick apart the ghost pass defense known as “prevent,” as well as having more defensive schemes than Houdini had rabbits. Although the Browns had been going through few growing pains that were obvious during the start of the 2019 season, they still were able to shut down Lamar “David Copperfield” Jackson, who quite possibly will be holding a Lombardi trophy over his head at the end of the 2019 NFL season.It is also quite apparent that the Steelers’ first-string QB Landry Jones—oops, I meant Mason Rudolph—is not ready at any time, especially prime time, to sit under center as the Pittsburgh Steelers QB or any other NFL team’s starting QB. He is not quick mentally or physically attuned to the speed of the NFL.In today’s NFL to be successful as a quarterback you must pass the ball quickly or exit the pocket quickly. With the NFL’s torpedo-like defensive lineman and linebackers having you in their crosshairs, once the ball is snapped you don’t have time to sip on mint julep and munch on English scones. The common denominators that define the majority of today’s NFL quarterbacks are mobility, flexibility, and ability. The Steelers had a mobile QB by the name of Joshua Dobbs that for reasons unknown to me was shipped to the Jacksonville Jaguars. Near the conclusion of the Browns/Steelers fiasco (it was a fiasco at least for the Steelers) Mason Rudolph was roughed up by Cleveland Browns defensive star Myles Garrett, which resulted with Garret being suspended indefinitely along with the Steelers’ All-Pro center Maurkice Pouncey, who during the scuffle justifiably came to the aid of his QB by mistaking the head of Myles Garrett for a vat of grapes that needed to be stomped for the next batch of zinfandel. Pouncey was suspended for three games.The performance of Mason Rudolph was horrible in the Steelers/Browns game. In all of his previous lackluster performances the Steelers defense rescued him; however, sometimes the first responders run out of life jackets or don’t have a ladder that is tall enough.Almost everyone can or should realize that Mason Rudolph, like his predecessor, Landry Jones, is more suited for clipboard duty than performing as an NFL quarterback. There have been and will be times that even the talent of some top-tier college QBs won’t transfer to success at the NFL level. Vince Young won the Heisman in 2005. Tim Tebow won in 2007. Johnny Manziel snagged one in 2012. None of them are currently on NFL rosters. Get the hand warmers and the clipboard ready because the Steelers, barring a major miracle, won’t have confetti showering down upon them in Miami when this season ends, long as Mason Rudolph is their starting QB.by Aubrey Bruce, For New Pittsburgh CourierLike us at https://www.facebook.com/pages/New-Pittsburgh-Courier/143866755628836?ref=hlFollow @NewPghCourier on Twitter  https://twitter.com/NewPghCourierlast_img read more

The South African SME toolkit

The South African SME toolkit

first_img6 September 2007Global computer giant IBM, local company Business Partners, the International Finance Corporation (IFC) and the Department of Trade and Industry have come together to offer South African entrepreneurs and small enterprises a free web-based toolkit to help them start, finance and grow their businesses.The South Africa Business Toolkit, launched on Tuesday, contains “the latest information and communication technologies to help small and medium enterprises (SMEs) in emerging markets learn and implement sustainable business management practices”, IBM said in a statement.The aim, IBM said, was to increase the reach of South African small business into the global economy by improving the productivity, efficiency and capacity of the estimated 600 000 active small businesses in South Africa, as well as by improving their access to capital and new markets.The South Africa toolkit was developed by IBM and the IFC, a member of the World Bank Group. It is available both as online and offline modules which include the website, offline CDs, mobile alerts and classroom training.“The SME Toolkit is a particularly powerful combination of technology and business expertise in a country such as South Africa, where there is so much potential for small and medium business growth,” said IBM South and Central Africa MD Mark Harris.Specially designed free toolsThe toolkit website contains information and tools to address accounting and finance, business planning, human resources, legal and insurance, marketing and sales, operations, and technology needs. For example, a business owner can quickly go to the site, find templates for employee evaluations, then log off.Among the specially designed free tools are:An online calculator to help businesses determine their readiness for financing.Software to build a website.Business forms for employee performance evaluations.Community tools such as online conferencing, blog capability, group calendars.Survey and quiz builders to help small businesses make decisions.A multilingual business directory to help small businesses link locally, regionally and globally.“Small businesses are the growth engines of the world’s economies, yet their success rate is not as good as it could be simply because of a lack of access to good business management practices,” said IFC director for Africa Thierry Tanoh. “Giving small businesses the information and new collaborative technologies they need will help them grow and prosper.”Small businesses can, through the toolkit, receive business training delivered via classroom workshops and partnerships with local support providers. The toolkit can also help small businesses go global by providing detailed market access, investment and trade information for the 64 countries most exported to.In South Africa, where an estimated 70% of new businesses fail within 18 months, the toolkit has been designed to provide the access and expertise to enable small business to connect to the world economy.“Many entrepreneurs struggle through their challenges laboriously, and many of them get it right, after they have tried and failed a few times,” said Ferose Oaten of Auto Vehicle Test Centres AVTS. “Some don’t get it right at all, as they think that a good idea is enough.“This toolkit should go a long way in taking away the obstacles and goes further than just the starting, establishment phases, but goes on to provide the tools for maintenance and sustainability.”Customised for the SA marketAccording to IBM, its local partners in the countries hosting the toolkit – such as Elite in Nepal, Dunn & Bradstreet in Singapore, and Business Partners in South Africa – are responsible for making sure the more than 500 pieces of content, tools and resources are customised, localised and available in the language of their respective markets.“These partnerships provide small businesses with local support, thus nurturing their businesses to improve their chance of survival and to generate more jobs,” IBM said.“When a business is in trouble one of the most important things needed is advice from someone who cares, who has been through it before,” said Jo’ Schwenke, MD of Business Partners, a specialist investment company for small and medium businesses in South Africa.“The Web 2.0 collaborative features of this toolkit provide that advisory service by allowing small and medium business owners to interact with each other as well as access data normally available only to Fortune 1000 companies,” Schwenke said.Plans for wirelessSince the toolkit was launched by the IFC in 2002, IBM has spent more than US$1.6-million on rebuilding it on open source platform “using top talent in IBM research.“The Toolkit now includes new Web 2.0 features such as live chat, online forums, business directories and survey capabilities to create a community where small and medium-sized business can collaborate – anywhere around the world,” the company said.There are also plans to allow users to connect to the toolkit using wireless devices such as cellphones.“This truly is one-stop shopping for small businesses, and it levels the playing field,” said IBM vice-president of corporate affairs Stanley Litow. “We know the tools that large businesses use mostly and we know the role technology can play in leading to growth.“Now, every business can have the same chance to succeed.”SouthAfrica.info reporter Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

Gautrain rolls out this week

Gautrain rolls out this week

first_imgThe Gautrain will operate betweenkey Johannesburg districts andOR Tambo International airport.(Images: Gautrain)  Ministers and ambassadors were among the first people to travel on the rapid rail Gautrain, which will be running from OR Tambo International airport in time for the 2010 Fifa World Cup.Gold ribbons were cut at four new Gautrain stations on 5 June to herald the completion of the first phase of the Gautrain, which operates between Sandton and the airport, just in time to transport fans to the World Cup.Dignitaries cut ribbons at Sandton, Marlboro, Rhodesfield and the airport, signifying the route that will open on Tuesday, 8 June, just three days before the World Cup kicks off.Guests, including cabinet ministers and ambassadors, travelled in the Gautrain, stopping at each station, and reaching speeds of 150kph on their way to the airport.Four musicians dressed as angels in flowing white chiffon and sequined wings and suspended on swings 4m above the ground, greeted around 800 black-tie guests to the Gallagher Convention Centre, located in Midrand between Pretoria and Johannesburg, on the weekend. They were there for the serious business of witnessing the launch of the Gauteain’s airport route.Travelling at speeds of up to 160kph, the train will carry commuters between the business district of Sandton and the airport in just 15 minutes; from Rhodesfield to Sandton in 12 minutes; and from Marlboro to Sandton in around four minutes.Passengers travelling to the airport from any station will pay R100 ($13) for a single trip. A single trip from Sandton to Marlboro will cost R16.50 ($2.1); while trips between Sandton and Rhodesfield will cost R21 ($3). A trip from Marlboro to Rhodesfield, the station just before the airport, will cost R18.50 ($2.3).Some 44 feeder buses are also due to run from the suburbs of Fourways, Rivonia, Blairgowrie and Wendywood, to the Sandton station. Bus stops will be positioned every 500m, and operate within a 15km radius of the stations. The bus route details are available from the Gautrain website.Commuters who combine a bus trip or parking with a train journey will benefit from reduced rates on the bus and parking fees. Tose who use the service regularly can purchase weekly and monthly packages.Parking garages are available for those who wish to leave their vehicles at the station precincts. There will be a “kiss and ride” drop-off facility too.Wheelchair access is available on all trains, while blind and partially sighted and deaf passengers will be accommodated with special features adapted to their disabilities.“The doubting Thomases have been silenced,” said Minister of Justice Jeff Radebe at the function. He praised the system for two major reasons – it was to be an integrated system, with a smooth flow between Gautrain and the national rail system; and there would be a single ticketing system.Smart cardThe Gautrain Gold smart card will allow commuters to transfer seamlessly between the train, and the bus and parking services.The Gautrain’s operating hours are from Mondays to Fridays, from 5.30am to 8.30pm. It will run every 12 minutes during peak hours – 5.30am to 8.30pm and 4pm to 7pm – and every 20 minutes in off-peak times. On weekends the service will be available every 30 minutes.Job creationGauteng Premier Nomvula Mokonyane was keen to stress that the Gautrain had contributed to economic development in the province, leading to “decent work and improved living standards”.“As can be seen through the construction of Gautrain, Gauteng continues to utilise and promote labour-intensive methods in all our public infrastructure development projects to maximise job creation,” she said.The Gautrain has created an estimated 94 900 direct and indirect jobs, of which more than 25 100 are local jobs. More than R3.8-billion ($486-million) has been spent on procurement from and sub-contracting to BEE companies. A further R1.8-billion ($230-million) has been spent on sub-contracting to new BEE companies, while R1-billion ($128-million) was spent on sub-contracting to SMMEs. More than R2.7-billion ($345-million) was spent on procurement of South African materials, plant and equipment.“These numbers imply that Gautrain has significantly exceeded its socio-economic obligations,” said Gautrain spokesperson, Barbara Jensen, in a press statement.Already property values around the stations have started to rise. It is expected that people and businesses will relocate to the precincts around the stations to fully utilise the benefits of the train.Jensen also referred to traffic volumes between Johannesburg and Pretoria, which grow at a rate of 7% a year. She said that traffic congestion is eased, while the environmental will gain from a reduction in harmful carbon emissions.“Gautrain is long overdue,” said Radebe.ConstructionConstruction of the Gautrain began in September 2006, with a public private partnership between the Gauteng provincial government and the Bombela Concession Company.Radebe explained that the national government had supplied R23-billion ($2.9-billion) of the cost of building the high speed rail link, while the provincial government and the private sector had contributed the remaining R3-billion ($383-million).Both Radebe and Mokonyane praised project manager Jack van der Merwe, with Radebe saying that it seemed that Van der Merwe treated the project as if “his own life depended on [its] success”.“Once South Africans put their minds to it, it is achievable,” added Radebe.Construction continues on the remainder of the 80km route, with the remaining six stations at Park Station, Rosebank and Midrand in Johannesburg, and Centurion, Pretoria and Hatfield in Tshwane expected to be completed by mid-2011.last_img read more

Freedom Park marks Women’s Month

Freedom Park marks Women’s Month

first_img6 August 2013Women’s Month celebrations began at Freedom Park in Tshwane, the country’s capital, where the struggle for women’s emancipation and equality was commemorated with the theme “A centenary of working together towards sustainable women’s empowerment and gender equality”.Hundreds of women from different walks of life were at the event, where they formed a 2km human chain along Reconciliation Road. The road links the two historical memorials of Freedom Park and the Voortrekker Monument.“As we join hands in unity to form the human chain, let us remember what drove the women of 1913 and 1956 to leave their homes and come together against the injustices of that day,” Minister of Women, Children and People with Disabilities Lulu Xingwana said at the event on Friday.The injustices of today required women to form a united front to continue with the struggle for the total emancipation of women, she added.The idea of the human chain was initiated by Die Dameskring, a cultural organisation for Afrikaans-speaking Christian women who seek to make a difference in the communities in which they live.‘Awareness of modern day challenges’“We believe this initiative will not only bring awareness of the modern day challenges that women face, but also a better understanding of our history and the common goal of restoration and peace,” said Lynn Kruger, the executive officer of Die Dameskring.Homage was paid to women such as Charlotte Manye Maxeke, Sophie de Bruyn, Lillian Ngoyi, Helen Joseph and Rahima Moosa, who took part in the 1913 anti-pass defiance campaign – the first protest by black women against the Union government – and the 1956 march to the Union Buildings, respectively.“This year’s commemoration coincides with the centenary of the Land Act and the last year towards the 20 years democracy since 1994,” said Xingwana.The array of measures that were introduced in 1994 to promote female empowerment had improved the position and the condition of women in the country.Although women’s empowerment had grown, many things needed to be done to eradicate violence against women, poverty, unemployment and exploitation – “challenges and gaps are still there and are being attended to”, added Xingwana.Bishop Ellinah Wamukoya, the Anglican Bishop of Swaziland, was at the event and said: “The objective of this gathering is to highlight women’s abilities to come together and heal a nation.”Gender equalityXingwana announced that the Women Empowerment and Gender Equality Bill had been submitted to the Cabinet and was under consideration.The Bill would help to emancipate South African women fully from the plagues of discrimination and inequality. It aimed to monitor, evaluate and enforce all initiatives aimed at empowering the women of South Africa.It focused on vital issues affecting women and children and sought to establish a framework that would provide women, children and people with disabilities with the necessary governance authority to monitor, review and oversee gender mainstreaming and integration, the minister explained. The bill would provide for a number of issues, namely:Eliminating every form of discrimination against women and girls as well as women and girls with disabilities Promoting equal participation of women in the economy  Promoting equal representation as well as 50 percent position in decision-making in private sectors as well as spheres of government  Initiating and joining in partnership for a common goal  Monitoring of legislation that address inequalities, discrimination against women, violence against women, access to services and economic empowerment. “Cabinet’s approval of the Women Empowerment and Gender Equality Bill will be an important milestone for the struggle for gender equality in our country,” said Xingwana, who added that the department was satisfied that its drive towards female empowerment and gender equality would finally be fulfilled.The Department of Land Reform and Rural Development has also made a commitment that will ensure that women have access to land.Celebrating Women’s MonthThis year marks a century since the 8 May 1913 Natives Land Act was passed.Among others, it deprived women of access to land. In 1913, the colonial government legislated that women living in the urban townships would be required to buy new entry permits allowing them to be in the towns each month.In response, women collected thousands of signatures and organised petitions to stop this law.Charlotte Maxeke, a religious leader, social worker and political activist, as well as South Africa’s first black African female graduate, led about 700 women in a march to the Bloemfontein City Council to petition the mayor to overturn the law.South African History Online explains the Act: “The Natives Land Act (No. 27 of 1913), also known as the Black Land Act, was passed because of constant pressure by Whites to prevent the encroachment of Blacks on White areas.“This law incorporated territorial segregation into legislation for the first time since Union in 1910. The law created reserves for Blacks and prohibited the sale of White territory to Blacks and vice versa.”National Women’s Day is observed on 9 August annually, in remembrance of the 1956 Women’s March in Pretoria. This year, the national commemoration will take place in Thulumahashe in Mpumalanga.Xingwana said that the month would be used to bring to the fore programmes that would help to eliminate gender-based violence against women and children.The minister also acknowledged women in South Africa who held high positions in business and government.Among those mentioned was former deputy president Phumzile Mlambo Ngcuka, who is now the executive director of United Nations Women and is based in New York, as well as Nkosazana Zuma, who is the chairperson of the African Union.BrandSouthAfrica reporterlast_img read more

Announcing The ReadWriteWeb iPhone App

Announcing The ReadWriteWeb iPhone App

first_imgWhy Tech Companies Need Simpler Terms of Servic… We’re really excited to announce the official ReadWriteWeb iPhone app! The reading and sharing experience was key for us, so we kept the functionality smart and simple. As well as enabling you to read ReadWriteWeb while on the go or lying on the couch, we’ve made it easy to share ReadWriteWeb posts directly from your iPhone, on Twitter and Facebook. We’ve integrated with Read it Later and Instapaper, so that you can mark things to read later. You can also follow the RWW team on Twitter, directly from the app.We invite you to find out more details about the ReadWriteWeb iPhone app and download it now from iTunes. Tags:#Admin#web I’d like to thank the developer of the app, Nicolas Koenig, who runs an iPhone development shop from the Netherlands called Toopia. Toopia also created theThermometer iPhone app, which enables your iPhone / iPod touch to get the current temperature based on your location. I’d also like to thank ReadWriteWeb’s Webmaster Jared Smith and Marketing Manager Elyssa Pallai, who both put in a lot of work to develop this app.So check out the new ReadWriteWeb iPhone app and download it from iTunes. Then tell us what you think!Camera Plus Pro is the only iPhone camera app which offers geo-tagging, full-resolution photo editing, and multiple and simultaneous photo uploading to various sites. You can tag, search and personalize photos. Visit now and explore other power-packed features! A Web Developer’s New Best Friend is the AI Wai… Top Reasons to Go With Managed WordPress Hosting Related Posts 8 Best WordPress Hosting Solutions on the Market richard macmanuslast_img read more

Weekly Poll: Where Do You Begin the Road to Cloud Computing?

Weekly Poll: Where Do You Begin the Road to Cloud Computing?

first_imgRelated Posts A first step towards creating a virtualized infrastructure often comes at a point when the customer starts experiencing performance issues. Servers start failing as application loads increase. When these issues start occurring, what are the first steps to take into consideration? How should a virtualized infrastructure be deployed? How are these pre-production environments developed? What are the most effective ways to deploy a simplified, reliable and optimized virtualization solution?Already we are seeing replies.But what do you think? Here’s a quick poll to help you think through what you want to say. A Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic… Tags:#Analysis#cloud alex williams Top Reasons to Go With Managed WordPress Hosting The decisions that come with deciding how to use cloud computing reminds me of conversations that I am sure you’ve had.You look at a few options then you decide. But with the cloud, it’s about a few hundred features to consider. Our Road to the Cloud,” contest, sponsored by VMware and Intel, is looking at how companies get started in cloud computing. Write a comment and you will be a candidate to win a MacBook Air. We’ll be giving out a new MacBook Air every month.Here’s our first topic: 8 Best WordPress Hosting Solutions on the Marketlast_img read more