The plan by Netflix to conquer the world with its streaming video service is moving more slowly than expected.
Netflix shares skidded 14% to $ 85.02 (R1 222.77) in midday trade yesterday, a day after reporting weakerthan-expected growth in its subscriber base.
The company ended the second quarter with 83 million subscribers, adding 1.7 million.
That was well below Netflix’s forecast of 2.5 million additions.
Netflix said growth was hurt, especially in the United States, when it raised rates.
Analysts said Netflix was still showing growth, but not at the breakneck pace expected when the company announced that it had expanded its global footprint to 190 countries, making its streaming service available in 130 new markets.
The company effectively raised its price, which provided a boost to revenue but hurt new subscriptions and may have caused some customers to turn to rivals like Hulu or Amazon.
“These price hikes now place Netflix into a similar price category as it competitors,” Jonathan Broughton at IHS Technology said.
He said growth in new markets was disappointing, and that Netflix might need to do more to connect with viewers.
“Netflix has been slow to invest in international content, even in larger countries, and this has stalled growth,” Broughton said.
“Local content has been cited as key to expansion in international markets and pulling back from this may be detrimental to the company outlook outside the US and UK.”
Daniel Salmon at BMO Capital Markets said Netflix faced “a period of challenging visibility”.
Pippa Middleton, sister of Britain’s Duchess of Cambridge and possibly Britain’s most eligible single woman, is engaged to marry a hedge fund millionaire.
Boyfriend James Matthews went down on one knee to propose to Pippa, 32, on a walk last weekend in northwest England’s picturesque Lake District.
Pippa said ‘yes’, a newspaper’s royal correspondent said, citing sources close to the couple.
Pippa turned heads when sister Kate married Prince William in 2011, wearing a figure-hugging Alexander McQueen dress that earned her the nickname “her royal hotness” and launched her onto the society pages of Britain’s celebrity-obsessed tabloid press.
Pippa began dating Matthews, 40, nearly a year ago. The couple were recently spotted together at the Wimbledon tennis tournament.
A Kensington Palace spokesman said William and Kate were absolutely delighted with the news of the engagement, announced in these words: “Miss Pippa Middleton and Mr James Matthews are delighted to announce they became engaged on Sunday and plan to marry next year.”
The couple have been together less than a year but are living together.
Middleton’s parents, Michael and Carole, said they were absolutely thrilled.
South Africa’s great white shark population is heading for extinction‚ with only between 350 and 530 of the famed predators left in South African waters.
That’s the bleak assessment of a team of researchers from Stellenbosch University‚ who presented their findings on Wednesday morning at a press conference in Cape Town.
Their findings are based on six years of fieldwork in the waters around Gansbaai‚ the de facto head of South Africa’s shark diving industry.
It is the largest great white research study undertaken in South Africa.
“The numbers in South Africa are extremely low‚” confirmed Sara Andreotti of the Stellenbosch University Department of Botany and Zoology.
“If the situation stays the same‚ South Africa’s great white sharks are heading for possible extinction‚” Andreotti said in a statement released at the media briefing.
The team’s findings relied largely on analysis of nearly 5000 photographs of shark dorsal fins taken between 2009 and 2011. Unique markings on sharks’ fins serve as “shark fingerprints”‚ allowing researchers to identify individual animals.
“Using mark-recapture techniques‚ the results from this part of the study indicate with 95% confidence a population estimate of between 353 and 522 individuals. According to Andreotti‚ this is 52% fewer than what was estimated in previous mark-recapture studies.”
Researchers have discovered that the shark population around Gansbaai comprises the entire shark population along the coast‚ a finding confirmed by genetic studies.
The post South Africa’s great white sharks on verge of extinction appeared first on HeraldLIVE.
The letter by Pedro Mzileni (“Students treated violently by system”, July 15) refers.
Dear Pedro, we all attend university to get educated, firstly. Also to think for ourselves, to apply our minds, and respect and listen to the views of others.
I agree with you that education should be free or at the very least affordable to those who want to learn. However, I am sure you know that the university is not the culprit here.
The government is responsible for educating our children. Last year, it was “fees must fall” and the government agreed to that.
I was overjoyed, because I know many students benefited, black and white. What would a responsible government then do, I ask you?
Yes sir, I agree, increase the funding. It, however, did not, so, pray tell me, how are universities supposed to balance the books?
I think the anger of the students is directed at the wrong people. How are we going to make sure that the government takes note of the needs of our people? I am sure you know the answer. We need strong leaders, people who can talk things through, listen to others, see things from different angles and get things done without losing their dignity. People with integrity.
I wish you and every student well with your studies for the last semester.
The ANC has condemned the dismissal of eight SABC journalists as the rift between the public broadcaster and the ruling party widens.
ANC secretary-general Gwede Mantashe said: “Workers cannot live in fear in the workplace. We can’t support this mass dismissal of journalists.”
The remaining four members of the so-called “SABC 8″ were sent dismissal letters yesterday.
The first four were fired on Monday.
Mantashe’s comments come days after he warned the SABC that if it ignored an Independent Communications Authority of SA’s ruling over changes in editorial policy, it did so “at its own peril”.
Mantashe said yesterday that the ANC’s view that the latest policy decisions at the public broadcaster bordered on censorship still stood.
The Broadcasting, Electronic, Media and Allied Workers’ Union, which is representing two of the SABC employees dismissed yesterday, says it will challenge the matter in the Labour Court.
Union representative Hannes du Buisson said: “We are currently in talks with our lawyers to bring an urgent application in the Labour Court to overturn the dismissals until the Constitutional Court matter has been finalised.”
The eight journalists were allegedly targeted after questioning policy changes at the SABC that included not reporting on violent service-delivery protests.
Anton van der Bijl, head of trade union Solidarity’s labour court division, which is representing four of the eight SABC employees, said the union would take the matter to the Labour Court tomorrow for an urgent interdict.
“We want them to be reinstated and their suspension to be set aside,” he said.
The dismissal of the eight has drawn widespread condemnation.
Amnesty International described the dismissal of the journalists as a “cynical and sinister ploy to entrench fear”.
The Right2Know Campaign and the SOS Coalition said they stood in solidarity with the journalists, called for their reinstatement and for the SABC’s editorial policies to be scrapped.
The Helen Suzman Foundation’s urgent application to reverse the SABC’s policy of not broadcasting or reporting on violent and other protests is to be heard in the Pretoria High Court today.- Additional reporting by TMG Digital
Despite efforts by the Nelson Mandela Foundation to bring back the body of rally driver Gugu Zulu from Tanzania on Wednesday‚ it has now been confirmed that this will not happen.
Project leader for the Trek4Mandela expedition‚ Richard Mabaso‚ has said that the rest of the team will be returning to South Africa this evening.
In a statement it was confirmed that the foundation was working closely with authorities to bring Zulu’s body back to South Africa this evening.
However‚ Mabaso has confirmed that this is unlikely to happen as all the documentation is still being finalised.
Mabaso will remain in Tanzania along with Zulu’s wife Letshego. It’s believed that a friend of Zulu’s and his sister flew to the country earlier this week.
“Nothing is confirmed as yet and it is premature to say when we will all be returning.”
Meanwhile‚ other members of the expedition are expected to hold a press conference at O.R Tambo International Airport on on arrival.
Janez Vermeiren and friends honour Gugu Zulu with a trust for his family
“All the trekkers were informed last night (Monday) of the passing of Gugu. They were devastated by the news‚” the foundation said.
Zulu died on Monday after experiencing breathing problems while climbing Mount Kilimanjaro.
Bob Mabena recounts his own altitude sickness ordeal
He and his wife Letshego were on the Trek4Mandela expedition‚ arranged to create awareness about the challenges facing poor rural girls during their menstrual cycles and raise funds for sanitary towels.
Ten weeks was all it took for Sue Bridgman and Max Hoppe to realise they did not want to spend life without each other and then to say “I do” in front of a magistrate in their homeland of Zimbabwe.
Decades down the line, that whirlwind romance has stood the test of time and the Hoppes, who live in Richmond Hill, are now celebrating their 40th wedding anniversary.
Married at the District Commissioner’s Office in Harare on July 2 1976, Max, 63, said he and Sue, 61, “instantly clicked” as they had much in common. Echoing Max’s sentiments, Sue said there was “absolutely no doubt in my mind that he was the man for me”.
The couple met while living next to each other in a block of flats in Harare. Sue and her flatmate used to have lots of noisy parties and one night decided that to stop the noise complaints against them, she would invite the neighbours to one of their parties.
“I heard their door open, Max had already gone inside and I asked his flat-mate if he would like to come to a party on Saturday night and he said yes. Saturday night came – it was also the same night I broke up with my boyfriend – I met Max and fast forward 10 weeks and we were married,” Sue said.
Sue said one of her first encounters was her seeing him lying flat on the floor, with speakers turned on, listening to music and a “beer jug with terrible Zimbabwean wine which tasted like vinegar”.
“We chatted until the early hours of the morning, found out we had so much in common because both had just been to Malawi, both took photos and both had the same camera and we started quoting Monty Python to each other,” she said.
Sue said talk of marriage came up only seven weeks later as Max was due to move away due to work and unless they were married, she would not be able to go with him.
“We were sitting by the river bank and Max just said well I think we should get married then. I called my mum and told her I’m going to marry Max and she screamed that she couldn’t afford a wedding to which I responded good, ’cause we don’t want one!”
Almost a year after Max and Sue got married, tragedy struck when Max’s father was murdered on their family farm, when sue was newly pregnant with their first child. It was during the war in Zimbabwe and not long after, there was an incident where a child and her caregiver was killed.
“That was when we realised we could not raise a child in that situation and six weeks after our daughter was born, we moved to South Africa,” said Sue.
With only a few Zimbabwe dollars to their name, the Hoppes along with new-born Keran travelled to Martizburg where Max’s sister had moved.
“We looked for a job for months and months and I was finally offered something in PE” said Max. “Having never lived in the Cape before, we were very much up for it. Luckily the property market was so low that we were able to convince our caretaker to give the first month rent free if we signed a one-year lease in Kabega Park, back in 1978.”
Today Karen Vollaire, 38, lives in the city and Ian, 36, a commercial pilot living in Dubai, both have two children of their own between the ages of six and 11.
Apart from raising their two children, Sue started pottery classes and began working as a ceramic artist. She later moved to painting and headed Epsac, now ArtEC, in Central.
Being with someone for four decades is not easy, but the fact that they love each other has sustained their relationship.
“We’re the best of friends, have a lot in common and we also go on photographic jaunts together even though we don’t do it so much anymore,” said Max. “We made our commitment and that’s it.”
The published authors of two books called The Climax Collection and Travels- Troubles with Koos made the decision to never go to bed angry and say their respect for each other also is a major aspects of their long and happy marriage.
It is my duty as a patriotic citizen of our glorious motherland to respond to some of the issues raised by Andrew Tainton in his letter, “Dream of a just South Africa” (July 13).
I wonder to myself, in the context of our apartheid past, with its privileges vested in your white skin, did you dream the same dream before our first democratic elections on April 27 1994? The dream of Sol Plaatje, Nelson Mandela and a small band of white anti-apartheid political activists like Joe Slovo, Eddie Roux, Beyers Naude, Helen Suzman, Helen Joseph, Janet Cherry, Molly Blackburn and others, by actively making sacrifices to realise the dream that was realised on April 27 1994.
Then democracy and political freedom dawned with the death of apartheid as the cornerstone of neo-Nazi National Party rule. If you were guilty of upholding the apartheid system by silence and therefore guilty of apartheid by omission and conspiracy of silence, like the majority of the white working-class South Africans, then rather hold your peace and be silent.
You run the risk of joining the growing band of arrogant white apartheid beneficiaries who are increasingly in denial and shamelessly exploiting our democratic platforms to hide the truth of our democratic journey post-1994. They exploit the material conditions of millions still living in poverty to deny that South Africa is indeed a better place than it was before 1994.
The ANC has been hamstrung to create the post-apartheid utopia for all because of the racist nature of imperialism and its capitalist system. In postapartheid black South Africa there was no Marshall Plan to upgrade our township ghettoes and destroy the socially engineered spatial living patterns of grand apartheid.
But the ANC policy of social housing is evidence of policies to eradicate the apartheid ghettoes. In addition, with the albatross of the apartheid debt to pay back, the ANC has done wonders with the available resources.
Furthermore your letter is premised on Zumaphobia and therefore lacks the element of objectivity, an essential pillar of sound and unambiguous analysis.
It follows “the stuck gramophone needle” syndrome of most political parties of personal attacks. The result is that debates and the like degenerate into useless, rowdy mudslinging matches.
Like many “Zumaphobes”, your point of departure is to peddle the propaganda that our honourable president, Jacob Zuma, is the ANC. He is not.
He is first a member of the ANC. Zuma is part of a democratically deployed collective chosen to lead the ANC at this juncture.
The mission is to free blacks in general and Africans in particular from more than 300 years of colonialism and, in South Africa’s case, the crime against humanity of Hendrik Verwoerd’s grand apartheid policies.
Our economic woes are influenced by global economic factors. South Africa is not an economic island.
All the rhetoric is really counter-revolutionary propaganda aimed at regime change. It is only the ANC that has the experience and impeccable struggle credentials to be trusted with leading our metro.
A lot more needs to be done as resources are freed up in projects in the next five golden years, like the sustainable exploitation of our ocean economy, tourism and agriculture. The thing that comforts our people is that the ANC knows their plight and will address them as resources become available.
Delight, disgust, resignation – Republican delegates have many faces.
Some love him, others loathe him, and most are just resigned to the fact – Republican National Convention delegates were set to nominate Donald Trump as the party’s presidential candidate yesterday. Like it or not, Trump is their man. Seated with the Colorado delegation, who organisers have shunted off into a corner of the sports arena hosting the convention, Regina Thomson is stone-faced as speaker after speaker gushes with praise for the new face of the Republican Party.
“I will not be voting for him. He’s tragically flawed as a Republican and unfit to be president of the United States,” she said.
Thomson led a failed insurrection against Trump last week.
It was aimed at freeing delegates to vote with their conscience rather than be bound by the results of primary election voting in their states.
Susan Reneau wears a badge depicting Trump standing outside the White House.
She recalls excitedly how she interviewed Trump years ago when she was a journalist and how much he impressed her.
Reneau has been a Trump supporter since even before the billionaire businessman jumped into politics in June last year.
“I interviewed senators, people who became president. And you know when somebody’s got it. They have that ‘it’ factor,” Reneau said.
“Trump is someone who will be very tough on the bad guys.”
Meanwhile, Melania Trump has discovered to her dismay that plagiarism is never a good thing.
Her troubles began soon after giving a speech about her husband on Monday night.
It was greeted with enthusiastic applause by convention-goers‚ but it was not long before people noticed that she had “borrowed” liberally from Michelle Obama’s Democratic convention speech in 2008. The social media fallout was swift and merciless‚ with thousands of posts flooding Twitter within hours, lampooning the jewellery designer and former model under the hashtag #FamousMelaniaTrumpQuotes.
“The Twitter shade is on form this morning‚” @MapsMaponyane quipped to his 126 000 followers‚ the words accompanied by a picture of Michelle Obama holding up a sign saying “Bring back my speech.”
A side-by-side comparison of the transcripts shows that at least one section of text in Trump’s address is almost identical to Obama’s nearly eight years ago.
Some Trump supporters attempted gamely‚ and generally humourlessly‚ to defend the first lady-in-waiting.
But these were swamped by gleeful tweets poking fun by attributing famous quotes through history to her.
Martin Luther King’s “I have a dream” speech was popular‚ with one wag accompanying the quote with a picture of Trump modelling her range of jewellery.
Closer to home‚ Nelson Mandela was also a common source of quotes‚ the most popular being‚ “Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure.”
The post Trump is the man at convention but not everyone likes it appeared first on HeraldLIVE.
Desperate passengers tried in vain to escape burning coach
A Taiwan bus taking mainland Chinese tourists to the airport for their flight home caught fire and crashed yesterday, killing all 26 on board as desperate passengers struggled in vain to escape.
The disaster was the latest in a series that have called into question Taiwan’s safety record.
Media footage showed the bus, with flames shooting from the front, had rammed into an expressway barrier near Taipei.
The images showed thick plumes of smoke and burnt-out wreckage at the roadside.
A police spokesman said the bus had caught fire before it crashed into the barrier, but gave no reason.
“All the people on the bus died,” National Fire Agency spokesman Lin Kuan-cheng said.
“At this stage it is still not clear why no passengers escaped from the bus.”
The bodies of the victims had remained inside the bus as police and prosecutors examined the site, an AFP photographer at the scene said.
One image in Hong Kong’s South China Morning Post newspaper showed two men trying to smash the windows with fire extinguishers as the doors of the vehicle remained shut.
The Liberty Times newspaper quoted an unnamed witness as saying passengers had been pounding the bus windows for help as the driver swerved sharply before the crash.
A firefighter at the scene said there had been no survivors still calling for help when they arrived.
The tour group of 24 people – three children, 15 women and six men — was from China’s northeastern city of Dalian, Taiwan’s interior ministry said.
A Taiwanese driver and Taiwanese tour guide had also been also killed, the National Fire Agency said.
The group were on their way to Taipei’s Taoyuan airport for a 4.30pm flight to Dalian after an eight-day tour of the island.
The accident happened shortly before 1pm.
Chinese tour groups have increasingly visited Taiwan in recent years after a boom in mainland tourism.
That was fostered by a rapprochement between the rivals under former Taiwanese President Ma Ying-jeou, who came to power in 2008 and left office in May.
There are fears the industry may be hit after Beijing-sceptic Tsai Ing-wen won the presidency in January, amid reports that tourist numbers have dropped.
Taiwan’s Mainland Affairs Council, the official body handling cross-strait relations, said it had informed its counterpart in China of the crash.
Several recent fatal accidents in Taiwan have led to safety probes.
The collapse of a residential block during an earthquake in Tainan in February, which left 115 dead, led to an investigation which showed builders had cut corners.
Have you tried: Travelling to South Africa?