Monthly Archives: October 2015

Paralympian Oscar Pistorious had served less than a year in South Africa’s prison and he will continue his five-year sentence under house arrest in his uncle’s house. The court decision is now under appeal as many South African advocacy groups express disappointment in the decision.

Pistorious’ laywer Brian Webber said Pistorious shoud be released on August 21. The paralympian was released from prison on Monday and will remain under house arrest until 2019.

Appeal

An appeal by prosecutors disappointed by the decision could see Pistorious return to jail instead of house arrest for the remainder of his sentence.

Pistorious was convicted of culpable homicide last year after shooting Model Reeva Steenkamp in his Praetoria residence. He maintained he thought Steenkamp was an intruder and did not intend to kill her as he shot through the door of his residence.

He will stay with his uncle, Arnold Pistorious, in Waterkloof, Praetoria. The luxury estate includes a swimming pool and has three storeys.

Disappointment

Despite his semi-free lifestyle, Pistorious will undertake community service and psychotherapy sessions as per court requirement.

Meanwhile, the Steenkamp family expressed their disappointment. Advocacy groups, including the ANC Women’s League, said:

“We pin our hopes on the SCA to repeal the judgment and that Oscar must serve a sentence that would bring him back a changed man and an advocate for women’s rights in future.”

Brazil’s exported goods have fallen in price but has increased local product prices due to recession. The strengthening currency puts the Brazilian economy to the test with higher prices paid for electricity and gasoline.

Analysts said the Dilma Government’s idea to remove the gas price ceiling and subsidisation of electricity led to this inevitable result, increasing inflation by 9 per cent and a high interest rate of 14.25 per cent.

A Sudden Jerking Reaction

Senior International Economist At PNC Financial Bill Adams said the sudden changes in input and output prices introduced a jerking, shocking movement to the Brazillian economy.

The reduction in the amount of output for Brazil introduced a negative supply shock, sending the local prices skyrocketing. Adams said the recession is “deep and sustained.”

Politicians and Natural Resources

According to analysts, external forces, such as Chinese investors demanding greater quantities of Brazilian ore or the value of the US dollar play huge roles for Brazil’s inflation and investor outlook. Investors would find plenty to invest in Brazil but only few to work with effectively given the outdated business outlook of the government.

This is the trouble caused by Brasilian Politicians, whose actions may contract by 3 per cent Brazil’s real GDP.