Do you want to buy Cape Town?

first_imgCape Town is a sought after destination notonly in reality, but also in the fantastic WorldEdition of the Monopoly board game.(Image: South African Tourism)Tamara O’ReillySouth Africa’s beautiful coastal city of Cape Town is worth more than London, more than Paris, and much more than Athens. Well, it is if you’re playing Monopoly.The city has been voted into third place in the World Edition of the Monopoly board game, coming in ahead of international icons such as Paris, London and New York.The developers of the world’s bestselling board game launched an online campaign in January this year asking fans around the world to vote for the cities to be represented on the 22 available spots of the special Monopoly Here & Now: World Edition. Seventy countries were nominated, and more than 5-million votes received during a six-week period.Montréal, Canada, claimed the top spot, and with Latvia’s national capital, Riga, will round out the dark blue property group – the most prestigious property group in the game invented by Charles Darrow in 1935. Cape Town, in third place, tops the next-highest green group, which includes Belgrade and Paris. London comes ninth, and New York 10th.Monopoly is played by two to eight people who compete with the throw of dice for properties on the board. The buying and selling price of each property as well as the cost of houses, hotels and rent charges varies from affordable to exorbitant. The aim of the game is to have enough money to pay the rent if you land on someone else’s property, and to charge the most rent to those who land on yours.“We hope that fans of the world’s most popular board game will enjoy buying, selling and trading real estate from around the globe in the new Monopoly game that they created with their votes,” said Helen Martin, vice president of global marketing for game-maker Hasbro. “We are thrilled that the first-ever global game board includes an interesting mix of cities that showcases the dynamic cultures, sights and history of the planet.”Cape TownCape Town is certainly a city offering culture, beauty and diversity, helping put it ahead in the votes.It’s agreed that Cape Town, or the Mother City as it is affectionately known, is one of the most beautiful cities in the world. The contrast of bustling city life nestled against a rugged mountain backdrop and breathtaking nature has seen more than 5-million tourists visiting the city in the last three years alone. With the efforts of the tourism industry and local government ahead of the 2010 Fifa World Cup, visitor numbers are sure to increase.The city has an abundance of entertainment for all kinds of tourist, from adrenalin junkies wanting to abseil off Table Mountain, to party animals drawn to its roaring nightlife, with music venues catering for every taste.Surrounding Cape Town are the winelands, with colourful vineyards set in the valleys between green mountains, making the Wine Route a must for wine lovers and not-so-avid wine drinkers. For shoppers, there’s everything from boutiques and international labels that can be found at the sophisticated malls, or the handmade bargains found in flea markets. The Victoria and Alfred Waterfront is a major shoppers’ delight – and the most-visited tourist destination in South Africa.Five star Cuisine of fast food? Cape Town boasts chic bars, road side food stalls, fast food outlets and restaurants specialising in cuisine from around the world.Keeping up with the timesFor the World Edition, Monopoly has shown its awareness of climate change by replacing its old utilities “Water Works” and “Electric Company” with “Wind Energy” and “Solar Energy”.“When creating this first-ever worldwide Monopoly game board, we reviewed all elements of the game to ensure that it reflects today’s global perspective,” said Phil Jackson, group executive of Hasbro. “In a nod to the efforts of countries worldwide to increase the effectiveness and availability of renewable energy sources, we decided to feature Solar Energy and Wind Energy on the game board.”Along with the 22 global cities, the game will include updated Chance and Community Chest cards that highlight events and culturally relevant scenarios from countries around the world. Players may celebrate at Carnival in Rio de Janeiro, organize an international music festival or host a St Patrick’s Day festival in Dublin. In addition, the tokens, houses and hotels reflect icons and styles from all seven continents.History of MonopolyMonopoly was the brainchild of economist Elizabeth Maggie, who designed it in 1903 as a learning tool to teach tax theories.By 1933, Charles B Darrow learned a revised version of the game and began producing his own version, selling it to friends and family. When demand for the game grew beyond his ability to fill orders, he took it to game manufacturers Parker Brothers – who rejected it on the basis there were 52 design errors.Darrow continued to produce the game and, with its increasing popularity, Parker Brothers bought the rights to the game. According to the Guinness Book of World Records, more than 600-million people worldwide have played the game.The new Monopoly Here & Now: World Edition will be sold in 50 countries and in 37 different languages around the world from the end of August 2008.Do you have any comments or queries about this article? Email Tamara O’Reilly at tamarao@mediaclubsouthafrica.com.Related articlesSA sites for new natural wonders SA hot destination for US touristsCape Town makes elite listUseful linksMonopoly Board GameCity of Cape TownSouth African National Parkslast_img read more

2011: SA companies ‘far more optimistic’

first_img20 January 2011While South African businesses are expecting a comedown after a buoyant 2010 boosted by the hosting of the Fifa World Cup, local business owners remain far more optimistic than their international counterparts, according to consultancy Grant Thornton’s 2011 International Business Report.The International Business Report’s (IBR’s) 2011 optimism/pessimism index reveals an optimism balance by SA business owners of +64%, which is up four percent on last year’s index. This is against a global optimism balance of +23% for 2011, compared to +24% for 2010.The “optimism balance” is the proportion of business owners in South Africa reporting that they are optimistic, less those reporting that they are pessimistic.“While the strong rand will no doubt make business conditions tough for some this year – particularly those with an export focus – it seems South African business owners continue to be optimistic about the nation’s economic landscape for the year ahead,” Grant Thornton South Africa chairman Leonard Brehm said in a statement this week.South African business owners – while optimistic overall for business sentiment – were less hopeful for investment in buildings in the year ahead. “The construction sector also experienced significant retrenchments over the past two years,” said Brehm.The IBR survey, which is now undertaken on a quarterly basis, focuses on mid-cap listed and medium- to large privately held businesses. The optimism/pessimism survey is in its ninth year of research in South Africa.Growth in turnover expectedWestern Cape business owners are the most optimistic with a +72% balance, while Eastern Cape recorded the lowest optimism balance of +52%. KwaZulu-Natal recorded an optimism balance of +69% and Gauteng province +62%.SA business owners are expecting continued growth in turnover in 2011, with a +65% optimism balance (up from +62% in 2010) compared to the global mean of +56% (up from +40% in 2010).“South African organisations share positive sentiment for both improved turnover and a growth in profits for 2011,” said Brehm, adding that report data for profits in 2011 were +57%, up from +44% in 2010.Another positive trend expected in South Africa during 2011 is a significant increase in selling prices, with SA business owners recording +56% optimism balance for the year ahead (up from +46% in 2010). The global optimism balance for selling prices in 2011 is +28%, up from +11% in 2010.“Considering the current strength of the rand and low inflation, this optimism seems unusual,” said Brehm.Building investors less optimisticSA business owners were less hopeful about investments in buildings for 2011. This trend recorded a decline since 2010 with investment in buildings at +17% for 2011 – a drop from +25% in 2010.“The decline for investment in buildings could indicate tough times ahead for the construction industry,” Brehm said. “No doubt the World Cup infrastructure and construction boom experienced during 2009 and 2010 may also have something to do with the pessimistic outlook in terms of construction projects for 2011.”Expectations for investment in new staff for 2011 highlighted very different degrees of optimism on a regional level. South Africa’s overall +30% optimism balance features a very optimistic Western Cape with +42%, while the Eastern Cape region is far less optimistic about employment investments in 2011, recording just +16%, with Gauteng recording +33% and KwaZulu-Natal +26%.“Business owners in South Africa seem, on the whole, extremely optimistic about the economic conditions for the year ahead,” Brehm said. “We can only hope that the post-recession upturn results in sustainable business growth for dynamic organisations nationwide.”SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

How to Retain Your Power in a Negotiation

first_img Essential Reading! Get my 2nd book: The Lost Art of Closing “In The Lost Art of Closing, Anthony proves that the final commitment can actually be one of the easiest parts of the sales process—if you’ve set it up properly with other commitments that have to happen long before the close. The key is to lead customers through a series of necessary steps designed to prevent a purchase stall.” Buy Now The person who needs the deal the least has the most power in a negotiation. If you can’t afford to walk away from a deal, no matter how bad it is for you, then you have no power with which to bargain.The first and most obvious way to retain that power is to build a pipeline that protects you from having to negotiate in a way that allows your client to underinvest in the results they need or one that causes you to lack the investment necessary to deliver the results you promise. Building that pipeline should be something you do as a matter of course, but there are other things that you can do to level the playing field.You can also create a preference to work with you, your company, and your solution. There are a lot of ways that you can create a preference, as many ways as there are deals, in fact. By creating a preference, you increase your strength in a negotiation by creating leverage, namely by creating a scenario where your dream client must choose between you and something less than you.If you want to create greater leverage, you wire the building. You gain the consensus of the stakeholders who are going to either work with you—or work with someone they believe to be inferior to the experience they would have working with you. It might be easy to say no to you, but when you build consensus, the other party has to say no to you, to the people who need your help, to the leadership team who prefers you, and the people who have already spent time deciding that you are their choice.You can also be candid and transparent enough to have a conversation about what you will and will not be able to do in a negotiation. You can ask the stakeholders who prefer you to help you protect the investment in the results that you need them to make in order to give them what they want or need. You might also be transparent enough to share your model and explain where your prospect’s investment is going to go, how it benefits them to make that investment, and help them justify the delta between your price in the target they are trying to negotiate.If you want to level the playing field, you must do the work.last_img read more

Pilot killed in training aircraft crash

first_imgA training aircraft of Bangladesh Air Force (BAF) crashed at Rasulpur in Tangail’s Madhupur upazila on Friday afternoon, killing its lone pilot, according to UNB.Rezaul Karim, assistant director of Inter Services Public Relation Directorate (ISPR), said the F-7 aircraft crashed around 3:00pm during an air exercise.The accident left wing commander Arif Ahmed Dipu dead on the spot, he said, adding that an operation was launched to recover the debris of the plane.Wishing anonymity, an officer of Orunkhola police outpost said the plane burst into flames after it crashed into a Gozari forest inside Telki Firing Range.It was not clear what caused the training aircraft to crash.last_img

Why Does The Price Of Turkeys Fall Just Before Thanksgiving

first_img Share Twitter User @ourpresidentsThanksgiving is a great U.S. holiday during which people consume huge quantities of turkey, stuffing, cranberry sauce and pie. One of the stranger things about this holiday, however, is that a few days before everyone starts cooking, whole turkeys are suddenly discounted by supermarkets and grocery stores. And this happens every holiday season: The price falls just before Thanksgiving and stays low until Christmas. For example, in the average year, November’s price per pound for turkey is about 10 percent lower than the price in September. Why does the price come down at the one time of the year when demand for the product spikes the most – before a holiday that’s literally dubbed “Turkey Day”? The turkey demand curveMost people expect turkey prices to rise because many more people are buying the birds. My family is an example of this buying phenomenon, since we almost never eat turkey except at Thanksgiving. In general, when there is a fixed quantity of something to sell and demand for the product spikes, prices rise. This is why a dozen long-stem red roses typically cost a lot more on Valentine’s Day than at other times of the year. In more formal economic language, the demand curve for turkeys shifts outward at Thanksgiving, which means people at this time of year are interested in buying more of these birds regardless of the price. Even the most casual shopper in food stores this week can observe this increase or shift in demand as more people are buying turkeys to cook. However, each Thanksgiving the price of turkeys doesn’t rise. Instead, it falls during the holiday period as many stores advertise special low turkey prices, and over time turkey prices have generally fallen. Not only do supermarkets that sell turkeys year-round make the bird a featured item, but some food stores and warehouse stores that don’t typically sell whole turkeys offer them for a limited period of time to customers. This means not only does demand for turkeys increase, but the supply of turkey increases too. This boost in supply drives prices downward. Food stores are not upset that the price of turkey falls at this time of the year because they are interested in maximizing profits – not in maximizing the revenue they get from selling each bird. Turkeys are not very profitable items, even at full price. The wholesale price of a whole frozen turkey in 2016 was US$1.17 per pound, while the average retail price was $1.55. This means at full price stores made less than 40 cents per pound. To give you a comparison, the USDA reports the difference between the wholesale and retail price in 2016 was $2.79 per pound for beef and $2.25 per pound for pork. Stores, however, know that people coming in to buy turkeys are likely to purchase other items, too, such as seasonings, disposable roasting pans and soda. The other items are where stores make their money, since the profit margins on these items are much higher than on frozen turkeys. Why does the turkey supply skyrocket?Because of the desire to attract people to stores, the supply of turkeys needs to skyrocket just before the holiday so that freezer cases overflow with the birds. How does this dramatic increase in supply happen? It occurs because turkeys are slaughtered continuously throughout the year and then put into cold storage. The Department of Agriculture has tracked the amount of turkey in wholesale freezers for the past century. The past few years of data show turkey stocks slowly build up each year until they reach a peak in September, when the U.S. has over half a billion pounds on reserve. Between September and December, turkey stocks plummet as stores purchase over 300 million pounds’ worth and put them on sale. Then farmers, processors and wholesalers slowly rebuild their stocks for the next year’s holiday season. The 500 to 600 million pounds of turkey in cold storage by the end of each summer means there are almost two pounds of turkey for every man, woman and child in the U.S. waiting to be released each holiday season. That figure doesn’t include live turkeys, which some people prefer, and also doesn’t take into account vegetarians (about 3 percent of the population), newborns who are not eating solid food (about 1 percent) and people like my brother-in-law and me who don’t like eating turkey at any time of the year. What does this mean for the typical consumer?The National Turkey Federation, the organization whose goal is to get the country to eat more turkey, estimates that 88 percent of Americans will eat turkey on Thanksgiving. If buying turkey is on your holiday or regular shopping list, then from now to Christmas it is the time to stock up, when prices are cheap. Otherwise, eating turkey at other times of the year means your wallet will get plucked for more money. For those of you eating turkey during this holiday, enjoy. My brother-in-law and I will be happily ensconced at the end of the table feasting on lamb and, while not eating turkey, appreciating and giving thanks for a day to be with friends and family. This article was originally published on The Conversation. Read the original article here: http://theconversation.com/why-does-the-price-of-turkeys-fall-just-before-thanksgiving-87473.last_img read more