Home / Daily Dose / Ocwen Remains Positive Despite Another Quarterly Loss Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Earnings Ocwen Profits Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Ocwen Remains Positive Despite Another Quarterly Loss Earnings Ocwen Profits 2016-07-27 Kendall Baer Financially, it has not been a good year for Ocwen Financial Corp. through the first six months. After reporting a net loss of $111 million for the first quarter of 2016, the nonbank servicer came back in the second quarter with a net loss of $87.2 million (71 cents per share), according to Ocwen’s Q2 earnings report released Wednesday.Q2’s net loss brought Ocwen’s total net loss for the first half of 2016 up to $198.4 million, compared with a net income of $44.3 million for the first half of 2015. After substantial losses in the third and fourth quarters, however, Ocwen posted a net loss of more than $200 million for the full year of 2015 (the silver lining was, it was an improvement from 2014’s reported net loss of $546 million).Ocwen’s pre-tax net loss of $96.4 million in Q2 were impacted by $40 million in legal defense costs and settlement expenses related to a $30 million settlement in the two Fisher cases to resolve allegations that Ocwen had falsely certified its compliance with certain federal mortgage programs. Ocwen had been battling the two Fisher lawsuits since 2012.Also having an adverse effect on Ocwen’s Q2 financial results were a $15 million reserve for a potential future regulatory settlement, $11.4 million of unfavorable interest rate driven fair value changes related to Ginnie Mae and GSE mortgage servicing rights, and $4.3 million in interest expense under Ocwen’s agreements with New Residential Investment Corp. related to an S&P ratings downgrade of Ocwen.As for the positives of the Q2 earnings report, Ocwen saw a quarter-over-quarter increase in revenue of $42 million—the first time revenue had increased over-the-quarter in a year. The company also experienced a 35 percent over-the-quarter increase in origination volume. Also, Ocwen completed 19,729 loan modifications to assist homeowners facing foreclosure during Q2, which was a 19 percent increase from Q1.“We are pleased to see the progress being made in our core businesses and new initiatives. We also continue to put additional legacy issues, such as the Fisher cases, behind us. While we still have more to do on various fronts, we are moving towards returning to profitability in our core operations while growing our asset-generation activities,” commented Ron Faris, President and CEO. “We continue to invest in risk management, compliance, service excellence and technology. We maintain our leadership in helping families struggling with their mortgage payments as evidenced by our number one status in the Home Affordable Modification Program (HAMP) and our numerous, well-regarded community outreach efforts. Our growth in mortgage lending and Automotive Capital Services are gratifying early indicators of potential success in new initiatives that can allow us, over time, to drive earnings growth.”Click here to view a presentation on Ocwen’s Q2 earnings. July 27, 2016 1,229 Views Print This Post in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago About Author: Kendall Baer Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Previous: Treasury Reflects On Six Years of Reform Progress Next: Historical Performance Data Finally Released The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Subscribe
Paul Robeson, the great 20th-century actor, commands the Edison and Newman Room at Houghton Library, in a life-size theater poster from “Othello,” one of dozens of artifacts in an exhibit marking the 400th anniversary of Shakespeare’s death.Robeson’s gaze is intense and unsettling, and reflects the “complex engagement black actors have had with Shakespeare,” says Dale Stinchcomb, curatorial assistant for the Harvard Theatre Collection at Houghton.“While historically Shakespeare’s texts have been the province of white elites, they nonetheless speak convincingly to the experience of ‘others,’ as well as to concerns we tend to think of as modern: race, class, and gender,” Stinchcomb says. “‘Othello’ dwells so much on the social repercussions of blackness that it must have presented both an agonizing and an enticing role. This feeling of close and ambivalent identification is not unusual.”In celebrating the Bard of Avon — April 23 is thought to be the date of both his birth and death — the Houghton exhibit also recognizes the art and activism black actors have brought to Shakespeare’s works.“Robeson was one of the most recognizable African-Americans of his time internationally,” says Stinchcomb. “He must have had incredible courage to persevere. He was a very principled man, and his Othello possessed the same unstrained nobility.”Robeson performed in “Othello” at the Brattle Theatre in Cambridge in 1942. A year later he took the role to New York for a production that still stands as the longest-running Shakespeare play on Broadway — 296 performances before a national tour. Robeson called the shots, Stinchcomb says, insisting on performing only for integrated audiences. “He was an uncompromising activist.”Matthew Wittmann, curator of the Harvard Theatre Collection, said that the work of African-American performers like those featured in the exhibit shows how “malleable” the Shakespeare canon is.,“Shakespeare has meant something very different to people in various times and places. … Each [African-American actor] struggled in their own way with both the texts and the racism that surrounded their appearances on stage,” Wittmann says. “The prejudice Paul Robeson faced amidst the landmark Broadway production of ‘Othello’ showed the persistent and pernicious influence that racism had on the American stage. Still, the pioneering efforts of James Hewlett and the African-American actors that followed used Shakespeare to transcend the circumstances that sought to limit their artistry because of their race.”The exhibit includes a letter to John Haggott, the producer of the 1943 “Othello” and a 1935 Harvard grad, from the chairman of Baylor University’s English Department, Andrew Joseph Armstrong. The academic wrote: “It would not work at all for the whites and negroes to sit together. That would not be allowed in Texas where the Jim Crow laws are enforced quite definitely.”Haggott’s reply came within a week: “‘There shall be no segregation, grouping or setting apart of audiences because of race, creed or color,’” he wrote, quoting the theater’s contract.The rare objects of “Shakespeare: His Collected Works” include an 1854 lithograph of Ira Aldridge, the first black actor cast as Othello, and an 1820 engraving of James Hewlett, whose Richard III in the all-black African Grove Theatre made him the first black actor to perform the role on an American stage. There is also a sketch by costume designer Robert Fletcher, Harvard Class of ’45, who dressed James Earl Jones for a 1981 performance of “Othello.”Said Jones: “I have always taken ‘Othello’ personally — perhaps too personally — and I am not alone.”“Shakespeare: His Collected Works” runs through April 30.
Providence simply did not want to let the game out of hand. They decided keep-away was the best strategy against SU, drawing the ire of many of the Orange players. ‘I’ve never thought (a shot clock) was necessary, but with a game like this, it’s definitely becoming something that needs to be put into consideration,’ Galloway said. ‘This is a game of up and down, the fastest game on two feet. I would have watched a baseball game today rather than that.’ Comments Miller began flapping his arms up and down, encouraging the fans to get louder. Galloway stepped out from the front of the goal and started screaming at Friars midfielder Daniel Textor when he took over stalling duties behind the net. And it all led to sloppy play by the Orange. SU never led by more than that three-goal margin throughout the first 30 minutes, despite controlling nearly every statistical category. SU struggled to connect on simple passes, sailing them over each other’s heads or simply dropping them out of bounds. After throwing away 12 turnovers in the first half, Syracuse committed only two in the second. It converted all 13 of its clear attempts after going just 7-of-12 in the first two quarters. Even though many of the Orange players had never seen anything like that offensive game plan, Providence head coach Chris Burdick said that it wasn’t the first time this year the Friars switched to this strategy. They did the same thing when they got down 3-0 in the first quarter against Jacksonville on March 5. Published on April 24, 2010 at 12:00 pm Burdick said that with his team’s lack of offensive production, Providence can’t afford to get down by much more than three goals and still come back to win. So instead of risking turnovers and forcing offense, the Friars simply hold onto the ball and let the clock tick down. The strategy seemed to work in the first half against the Orange. When Nolan first started holding the ball behind the net and the crowd realized what was happening, SU fans started booing and jeering the Providence bench. ‘That’s not the way you want to play lacrosse,’ goalie John Galloway said. ‘There’s no beating around the bush. That’s not lacrosse, what we played today.’ [email protected] The Orange did recover somewhat in the second half. When Providence began stalling, again drawing boos from the crowd, SU sent a double team at the player holding the ball behind the net. It forced the Friars to move and cycle the ball around the zone. And that also seemed to put the Orange at ease when it had possession. ‘I mean, it’s frustrating,’ Bartig said. ‘We’ve never seen anything like that in all four years here.’ Even though the Orange did pull away to another Big East win, some of the players said they could have gone without the experience of playing against that attack — or lack thereof. That first stalling possession finally ended after nearly four minutes, when Miller tomahawked the stick out of Nolan’s hands. But it wouldn’t be the last time Providence decided to run the clock down. The Friars (0-12, 0-4 Big East) slowed the game to a standstill on multiple occasions throughout the day, frustrating No. 1 Syracuse (11-1, 4-0) and not allowing the Orange to turn the game into a blowout. SU would go on to win 14-5, but it was not anywhere near the margin of victory expected in the matchup. ‘At three (goals down), we put the ball behind the cage, get the crowd booing, get everybody off their game,’ Burdick said. ‘It gives us control of the game back, and until they put a shot clock in the game, it’s part of the game. We’re going to use everything we have available to us to be successful.’ Max Bartig had never seen anything like it before. ‘I understand teams want to slow the ball down,’ Bartig said. ‘But to take the ball behind the cage like that and just completely not even run an offense. It was frustrating. … There’s not much you can do about it there.’ Facebook Twitter Google+ With five minutes left in the first quarter and Syracuse holding a three-goal lead, Providence sophomore midfielder Jake Nolan took the ball behind the net late and started to waste the clock. The rest of the Friars offense remained stagnant in front of the goal. Not one player made even the slightest effort to get open. Nolan moved around near the end line only to avoid checks from SU midfielder Jovan Miller.
– Eye-watering sums –If reports are correct, Tevez’s $42 million annual salary would make him the world’s best-paid footballer in terms of earnings from his club, catapulting him past the previous top three: Cristiano Ronaldo, said to take home $23 million a year after tax from Real Madrid, his teammate Gareth Bale, and FC Barcelona’s Lionel Messi.All top footballers pad their salaries with lucrative sponsorships, which can send their incomes even further into the stratosphere.Tevez is the latest international name, many of them South American, lured to Chinese football for eye-watering sums of money.Crosstown rivals Shanghai SIPG, coached by former Tottenham Hotspur manager Andre Villas-Boas, last week agreed a reported £60 million deal ($73 million, 70.5 million euros) for Chelsea’s 25-year-old Brazilian midfielder Oscar.Before the Oscar deal Chinese Super League clubs had already splashed out more than $400 million on players this year, after President Xi Jinping laid out a vision of turning the country into a football power.Chinese teams broke the Asian record three times in just 10 days in the January-February transfer window, and moved it still higher when Brazil’s Hulk joined SIPG for 55.8 million euros in July.Significantly, Chinese clubs are now competing with European rivals for world-class players, who are opting for astronomical pay packets over the chance of a career in football’s top leagues.Fans welcomed the latest deal. “Shanghai’s football has had its spring,” said one poster on China’s Twitter-like Weibo. “Aren’t you looking forward to next season’s Shanghai derby?”Tevez, who has also played for Italian side Juventus during his career, has more than 70 caps for Argentina. He married the mother of his three children, Vanesa Mansilla, last week in Uruguay only to discover that his home had been burgled when he returned after the ceremony.Share on: WhatsApp Tevez signs for Shanghai Shenhua – clubShanghai, China | AFP | Argentina’s former Manchester United and Manchester City striker Carlos Tevez has signed for Shanghai Shenhua in the latest big-money Chinese deal, the club said Thursday, reportedly making him the world’s best-salaried footballer.The acquisition of the 32-year-old from Buenos Aires side Boca Juniors will “greatly enhance” the team’s front line, Shenhua said on a verified social media account.“The club looks forward to Tevez helping Greenland Shenhua attack cities and strike stockades in Asian and domestic matches and contribute to more exciting games for fans,” it said, calling him “the most outstanding striker in Argentina’s history”.It did not put a value on the transaction, but Argentine media previously reported Tevez would make $84 million over two years under the contract — 20 times his previous earnings.In a statement Boca thanked Tevez, who was on his second spell with the club, scoring 25 goals in 56 matches, including a double in a 4-2 Clasico victory over their bitter rivals River Plate earlier this monthBoca wished him good luck, saying he had left fans with “unforgettable memories” and telling him they would be “dreaming of your return”.“We’ll work on bringing you back,” it added. “No effort is too great to have you wearing our shirt again.”After passing a medical Tevez will join the rest of the squad on the Japanese island of Okinawa, where they are holding pre-season training until late January, according to Shenhua.The side are coached by former Uruguay international Gus Poyet, who was installed last month after the club parted ways with his Spanish predecessor Gregorio Manzano despite finishing fourth in the Chinese Super League.
He beat three players on a mazy run before sending Firmino clear down the right with a no-look pass, the Liverpool forward crossing for the unmarked Jesus to tap home.Two-footed lunges were flying in as the match threatened to descend from niggly to dirty.Argentina almost levelled on the half hour when Sergio Aguero headed Messi’s free-kick onto the bar, the ball bouncing down just in front of the line before Brazil scrambled it clear.Messi then burst into life, driving at heart of the Brazil defense and playing in Aguero, who took advantage of a Thiago Silva slip to make space for himself but Marquinhos was quickly across to block the Manchester City striker’s shot.Moments later, Messi beat two men on the right, won back the ball with a sliding tackle after overrunning it, but then wastefully shot high and wide.At the other end, Arthur shot powerfully, but straight at goalkeeper Franco Armani.– Pirouetting Jesus –Argentina pushed Brazil back at the start of the second half and Aguero picked out Lautaro Martinez in the box but he didn’t catch his left-foot volley cleanly and Alisson gathered comfortably.Another promising attacking move ended with Rodrigo de Paul blazing over from 20 yards.But Jesus produced a beautiful piece of skill, including a pirouetting drag-back, before teeing up Philippe Coutinho who should have done better than shooting over.Moments later, though, a blocked shot from Martinez looped over to Messi who lashed a shot from an angle against the post, with Alisson beaten.Alisson was alert to clutch a Messi free-kick on 66 minutes that looked destined for the top corner.By then, Scaloni had already gone for broke, bringing off midfielder Marcos Acuna and sending on speedy winger Angel Di Maria, with Messi dropping into a deeper role.Just as Argentina looked capable of finding a way back into the match, Brazil stung them on the counter-attack with Manchester City’s Jesus getting away from two defenders and teeing up the unmarked Liverpool striker Firmino for a tap in on 71 minutes.Scaloni threw on another forward in Paulo Dybala but there was no way back for Argentina.Share on: WhatsApp It was the first time these age-old rivals had met in a major competition since 2007Belo Horizonte, Brazil | AFP | Gabriel Jesus and Roberto Firmino scored the goals as Brazil beat arch-rivals Argentina 2-0 on Tuesday to qualify for the Copa America final.Jesus and Firmino netted a goal apiece in each half to give Brazil a victory which ensured Lionel Messi’s frustrating wait for a major international tournament title with Argentina continued.Hosts Brazil will play the winners of Wednesday’s second semi-final between champions Chile and Peru in Sunday’s final.It was the first time these age-old rivals had met in a major competition since Brazil beat Argentina 3-0 in the 2007 Copa final.English-based Jesus and Firmino were the stars, each creating the other’s goal, although captain Dani Alves had a major say in the opener.“It was another step towards our objective. We’re achieving all the goals that we’re setting ourselves,” said Alves.“A lot of people doubt us but we have a lot of faith in ourselves, in our plan, in our hard work.“We’re reaping the fruits of the seeds we’re sowing every day.”But it was a miserable night for Messi, whose hopes of landing a major international honour with Argentina ended in disappointment once again.He will get another opportunity next year, though, with the fourth Copa America in the last five years, due to be played in Argentina and Colombia.“We should have been the team going to the final because we deserved it, no doubt about that. But sometimes football is unfair,” complained Argentina coach Lionel Scaloni.– Tackles flying –In what was always expected to be a feisty affair there were some wild early tackles flying in, and Argentina’s Nicolas Tagliafico was first to be booked for a lunge at Jesus.The uneven pitch looked like it had been trampled by a herd of wildebeest before kick-off and both sides struggled to play flowing football.Brazil’s Casemiro was even jeered after sending a long crossfield ball straight out of play.The first chance came when Argentina’s Leandro Paredes let fly from 30 yards but the ball whistled just over the top of goalkeeper Alisson’s goal.Brazil took the lead on 19 minutes after a piece of individual brilliance from Alves.
Image Courtesy: Indian ExpressAdvertisement vj9uNBA Finals | Brooklyn Vsv0Wingsuit rodeo📽Sindre E787bd( IG: @_aubreyfisher @imraino ) wnWould you ever consider trying this?😱35jmjCan your students do this? 🌚sp5rRoller skating! Powered by Firework Team India continued their march towards World Test Championship glory with a dominant show on Day 1 in Indore. Bangladesh were skittled out for 150 before India saw out the rest of the day with ease. Advertisement Image Courtesy: Indian ExpressFour slips and a gully on a Day 1 surface in the hot cauldron that is Indore gives a gist of how the day went. Surprisingly electing to bat on a rare green track on the subcontinent, the visitors were in early trouble with the new ball pair of Ishant Sharma and Umesh Yadav making the ball do all sorts of things over the pitch.Despite an early fumble, Bangladesh were able to make a recovery of sorts until the skipper Mominul Haque had a brain fade and lost his wicket to an arm ball by Ashwin. The off-spinner had seen several catches dropped off his bowling with Ajinkya Rahane having a rare off-day on the field with three dropped catches to his name.Advertisement The dismissal triggered a collapse as the visitors tumbled from 99-3 to 150 all out. Mohammad Shami capped his outing with a peach of a delivery to castle Mushfiqur Rahim while Umesh Yadav cleaned up the tail.Rohit Sharma edged one to the keeper off Abu Jayed for just 6. Cheteshwar Pujara and Mayank Agarwal saw the rest of the day out with an unbeaten 72-run stand.Advertisement Read Also:Michael Vaughan takes back his comments about Indian test pitches after Bangladesh capitulationShikhar Dhawan advocates maintaining emotional balance over cricketing skills Advertisement
Avalanche risk will be considerable at the tree line today in the West Kootenay backcountry but the risk will lessen as the week wears on. A new surface hoar layer has been buried under four centimeters of snow, with up to 200 cm. of snow found at tree-line elevations, the Canadian Avalanche Centre reports. This may be a reactive layer to watch with the new storm snow and wind, the latest avalanche report cautioned. “New pockets of wind slab with south to east light to locally moderate winds. Within the storm snow are some interfaces including a rain crust along the US border (Kootenay Pass and Rossland).” Around 100 cm. of storm snow sits on the layers buried Dec. ‘08. This includes surface hoar (shady slopes, extends into the alpine), and surface hoar on a crust (steeper solar aspects) at tree line and below tree line. “Facets on the rain crust near the ground is a concern limited to isolated areas where the ground is very smooth and the snow pack shallow and weak.”Weather forecastWednesday: Relatively dry conditions. Light-moderate southeast winds. Freezing levels could rise to 1,600 m. Thursday: Scattered flurries throughout the day. Freezing levels should fall to 1,000 m. Avalanche activity Small avalanches running in the top 30 cm. of the storm snow, including accidentally triggered windslabs. Some concerns remain for the layers buried 10 days ago (70 to 100 cm. deep) but no avalanches are reported on these layers at this time. Areas to avoid Areas with terrain traps that increase the severity of an avalanche. Areas of concern Wind-loaded slopes in alpine and open tree line areas. Reverse loading and swirly winds mean surprising pockets in unusual places. Steep solar aspects with a hard crust below all the storm snow. You’re going to have to dig to find it and assess if the layers are bonding. Techniques to manage risk: Watch for obvious signs of instability such as recent avalanches, whumpfs, shooting cracks or hollow sounding patches of wind slab. If you observe any of these, choose safer terrain. Test small slopes without terrain traps, with escape routes, where a small avalanche is manageable. May provide info to help you decide whether or not to move to bigger terrain. Enter your line low or avoid the steepest top part of the slope using ridges and ribs to get below the pillows at the top. Source: Canadian Avalanche Centre
GENEVA (AP): Michel Platini will run for FIFA president and plans to announce his intentions this week. Two officials familiar with Platini’s plans have told the Associated Press (AP) that the FIFA vice-president has made a decision to try to succeed Sepp Blatter. The officials spoke on condition of anonymity because Platini has not yet announced his candidacy. The officials said that the UEFA president and former France great has been encouraged to run by most leaders of FIFA’s continental confederations. Five of the six continental leaders, including Platini, were in St Petersburg, Russia, last week for FIFA meetings and the 2018 World Cup qualifying draw. Platini declined to discuss his ambitions when asked by the AP in St Petersburg. Mexico sack Herrera MEXICO CITY (AP): Mexican national team coach Miguel Herrera was fired yesterday following a television reporter’s claim that the man known as ‘El Piojo’ punched him. The ouster came just two days after Herrera led Mexico to victory in the CONCACAF Gold Cup. But Decio de Maria, who on Saturday becomes president of the Mexican Soccer Federation, said the incident with the journalist was not in keeping with “the spirit of fair and respectful competition” the organisation espouses. “Our values, our principles, are above any result,” de Maria said at a news conference. “In our profession, our industry, the matches are never over, and as public figures who represent an institution, we must be absolutely clear on that.” There was no comment from the coach on his firing, nor has he said anything publicly on the incident with the reporter. Herrera is the latest to depart from what has become a revolving-door job since Ricardo La Volpe of Argentina was the last to complete a four-year World Cup cycle as head of the team, known as ‘El Tri’. Mexico have burned through 10 head coaches in the nine years since La Volpe departed after the 2006 World Cup in Germany. Bayern sign Chile’s Vidal MUNICH (AP): Bayern Munich completed the long-anticipated transfer of Chile midfielder Arturo Vidal from Italian champions Juventus yesterday. The Bundesliga champions said Vidal signed a four-year deal, with an option foranother season. “I wanted to take another big step in my career,” Vidal said in a brief interview on Bayern’s website. “I want to develop further as a player, and I want to win important titles, such as the Champions League. And I see Bayern as the best opportunity for that.” Bayern did not disclose the financial details of the contract. But Italian media reports suggested Bayern paid US$39.5 million with final cost rising to US$44 million with bonuses, to bring the 28-year-old Vidal back to the Bundesliga. If correct, the figures would make Vidal one of the most expensive Bundesliga transfers. Nadal eases past Verdasco HAMBURG, Germany (AP): Top-seeded Rafael Nadal overcame a sluggish start to beat Fernando Verdasco 3-6, 6-1, 6-1 in the first round of the Hamburg Open yesterday. Nadal was playing his first match since losing to Dustin Brown in the second round of Wimbledon. The former No. 1 in the world has fallen to No. 10. In the all-Spanish match, Nadal appeared to have trouble adjusting to clay and finding his timing. But his game picked up noticeably in the last two sets. Verdasco saved one match point, but then hit the net with a backhand to hand Nadal the win. Nadal’s last match on clay was the quarter-final loss to Novak Djokovic at the French Open.
LAS VEGAS — The flashy lights and sounds of the slot machines striking a jackpot can cause visitors to feel a bit lucky, but the A’s approach to winter meetings at the Mandalay Bay has been a more conservative one.After the signing of catcher Chris Herrmann to a one-year deal Tuesday afternoon, the A’s remained silent on Wednesday, and it appears that might be the case until A’s GM David Forst and co. return to Oakland Thursday night. It’s not like the A’s are the only team that’s been …
JOHANNESBURG, October 14 2013 – Brand South Africa will later today celebrate international media personality Oprah Winfrey’s inspiring philanthropy, the world over and particularly in South Africa, by awarding her with a Play Your Part certificate of appreciation.The certificate honours Oprah’s efforts for playing her part to make a meaningful contribution to the lives of thousands of people, the world over, particularly through education.Speaking ahead of the event, Brand South Africa CEO Miller Matola said, “Oprah’s efforts directly speak to the Millennium Development Goals around which the world unites to ensure a better quality of life for all.”“Generations of now and the future deserve healthy and fulfilled lives. We all need to play our part in working together so our children have the nutrition, education and skills that will ensure their lives are productive and meaningful. Our National Development Plan spells out how we can all contribute towards making this a reality in our country so we can tell our inspiring story to the world. This will also contribute to the sustainability of our country way beyond Vision 2030.”“We are inspired by people like Oprah who do ordinary things extraordinarily and we honour her for playing her part in our country and beyond,” concluded Mr Matola.About Brand South AfricaBrand South Africa is the official marketing agency of South Africa, with a mandate to build the country’s brand reputation, in order to improve its global competitiveness abroad. Its aim is also to build pride and patriotism among South Africans, in order to contribute to social cohesion and nation brand ambassadorship.Further resources from Brand South AfricaMedia are invited to visit http://www.southafrica.info/ for further resources which can be reproduced without any copyright infringement. Kindly attribute to Brand South Africa.For more information or to set up interviews, please contact:Nadia Samie-JacobsPublic Relations DomesticTel: +27 11 712 5007 Mobile: +27 (0)72 777 9399Email: [email protected]