Gordhan moots contingency reserve

first_img26 October 2011 The National Treasury is looking at creating a separate kitty or “policy reserve” of funds, drawn from surpluses in its existing investments and revenue, in order to support economic development, Finance Minister Pravin Gordhan announced in Cape Town on Tuesday. Presenting his Medium Term Budget Policy Statement in Parliament, Gordhan said the government had substantial financial investments, some of it in surplus cash and some in other assets. “Where these resources could more productively be applied to other priorities, we will return surplus funds to the fiscus” for Kitty for priority projects In a media briefing shortly before delivering his speech in Parliament, Gordhan said a figure had not been developed yet for how much the National Treasury wanted to place in the policy reserve, but that it was likely to be in the “tens of billions” of rands. This could be drawn from state-owned companies and other public entities with surplus cash. Government departments could also have a percentage shaved off their budgets and transferred to the reserve kitty. These funds would be used for “public-policy priorities”, special projects which the Cabinet would decide upon and which would be disclosed in next year’s Budget, Gordhan said.Tighter government spending Gordhan added that greater efficiency must also be sought in government cash management and in the procurement of goods and services, by strengthening ordinary disciplines of financial management. In this way, further steps would be taken to reduce administrative costs and unnecessary duplication of capacity. “Departments will be obliged to identify and report on savings initiatives. We will request the Auditor-General to strengthen his focus on value for money,” said Gordhan. BuaNewslast_img read more

Bring New Life to Static Documents with Adam

first_imgDon’t you hate it when you click a link only to discover it wasn’t a web page, but a slow-loading PDF instead? Maybe it’s time for publishers to find something to do with those PDFs that makes them a lot more interesting and engaging for their site’s users. A new mashup tool called Adam (Beta) can help. It lets you take static files like PDFs and images and mash them up with web content like HTML and multimedia. Adam then provides you with an embed code so you can display these new remixed files on your web site. About AdamOriginally designed as a solution for e-commerce sites, the service strangely called Adam is not complicated to use. However, the company does estimate that the time it takes from mashup creation to having it live on your web site could be approximately 20 minutes. That’s a little bit longer than just linking to a PDF or even uploading it to a document-hosting service like Scridb or Issuu. Still, the extra time may be worth it because Adam lets you create a truly interactive document by allowing you to add videos, HTML, stylized text, and more to what were previously just plain files. For those familiar with designing web pages, the process may seem familiar. To add content to a document on Adam, you select various “hotspots” in the document and then add the content you want to mashup. This is where you would paste in any text, images, music, or videos you want to appear when the user mouses over that part of the document. The service currently integrates with other content providers including YouTube, flickr, metacafe, Veoh, vimeo, and imeem.The best way to understand what Adam can do, though, is to view some sample of it in action. You can check out a mashed up floor plan or you can see all the content providers in use on one document. Top Reasons to Go With Managed WordPress Hosting Related Posts sarah perez 8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic… Adam doesn’t provide anything that a talented web designer can’t already do on their own, but like every service that comes out of the Web 2.0 movement, it’s about letting everyone have access to the tools that previously only skilled professionals knew how to use. If you want to try Adam for yourself, you can sign up here. Tags:#design#Mashups#NYT#Product Reviews#web A Web Developer’s New Best Friend is the AI Wai…last_img read more

Android Will Be Number 2 Mobile Operating System Worldwide by Year-End

first_imgRelated Posts The Rise and Rise of Mobile Payment Technology Research analysts at Gartner have forecasted that Google’s Android mobile operating system (OS) will become the second largest platform in terms of market share by year-end 2010. Symbian, however, will remain number one. Garner also notes that by 2014, the end of the forecast period for this latest market research report, Android will vie for the top spot against Nokia’s Symbian OS. Yes, Android is officially on the path to world domination. Here in the U.S., much of the tech news is centered on the smartphone battle between Apple’s iPhone and Android. But on the global stage, the top mobile players are Nokia’s Symbian, Android, Research in Motion (makers of Blackberry smartphones), then iOS, the operating system that powers the iPhone, iPad and iPod Touch. Principal analyst Roberta Cozza at Gartner noted that recent and upcoming launches of new smartphone operating systems including iOS4, Blackberry OS 6, Symbian 3 and 4 and Windows Phone 7, will help maintain the current trend of heavy growth in the smartphone sector, but her firm believes that market share worldwide will still revolve around the four key providers mentioned above. The reason these companies have maintained, and likely will continue to maintain, their top spots involves a number of factors, most notably the support they have from communications service providers and developers, as well as their strong brand awareness with both enterprise and consumer customers. Why Android Will Become Number OneSo how is it that Android will soon fight for the top spot as the number one mobile operating system in the world? Not just the number one smartphone operating system, mind you, but the number one OS, period? Cozza explains that several manufacturers, such as Samsung, Sony Ericsson, LG and Motorola, will adopt Android as the OS for their new budget devices, which will help Android achieve number one status in North America by the end of 2010. In addition, communication service providers and device manufacturers will also revisit their platform strategies going forward, and will have to “balance the need to pursue platforms with the highest current demand against the need to maintain differentiation with unique devices.” Or more simply put, Android’s current popularity begets even more popularity. Service providers that reduce the number of platforms they offer to customers will also reduce their support costs, which will be yet another benefit of moving to Android, in their eyes, allowing the OS to make even more gains. Gartner also predicts by 2014, open source platforms, like Android and Symbian, will dominate around 60% of the market share for smartphones. Single-source platforms, like Apple’s iOS and Blackberry OS, will increase in terms of units sold, but their growth rate won’t be enough to sustain market share increases. As for Windows Phone 7, Microsoft’s new entry into the smartphone race, Gartner places it at number six worldwide behind MeeGo, Nokia and Intel’s joint open source project, by 2014. Why IoT Apps are Eating Device Interfaces What it Takes to Build a Highly Secure FinTech …center_img Role of Mobile App Analytics In-App Engagement sarah perez Tags:#Android#mobile#Nokia#Trends last_img read more