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New World South African Wealth Report 2015: Indians steal the show

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By NewsGram Staff Writer

According to the New World South African Wealth Report for 2015, the South-African Indians lead the rise in the number of millionaires in the country with other communities.

The Indians were among the 9% of the total South Africans who were in the new list of millionaires.

The report also said that the coastal city of Durban where half of the population comprises of Indians had shown the fastest growth in the past year. The posh areas of La Lucia and Umhlanga of Durban has seen a huge influx of Indians in the recent years, and according to the report , these two areas had shown the maximum growth in the country.

Most of the millionaires had attained their status through the financial services, telecoms and healthcare sector.

The recent rise in Indians and other communities is due to Government’s Black Economic Empowerment Programs (BEE), which was implemented in 2003.

BEE gives advantages to previously disempowered communities, which includes Indians and other minority communities. Previously advantaged white South Africans saw a decrease of 13 per cent in millionaires, said an economic advisor.

The report also said that there would be a significant growth of the Indians and other minority communities in the next three years despite economic growth in South Africa being constrained by the current electricity crisis, increasing trade union involvement and a rising level of government regulation.

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Copyright 2015 NewsGram

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Vivo NEX with Pop-up Selfie Camera, 8GB RAM in India

The device runs Vivo's proprietary FunTouch OS 4.0 based on Android 8.1 Oreo

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The pop-up selfie camera comes with an 8MP camera sensor. (IANS)

Upping the ante when it comes to innovation, Chinese smartphone maker Vivo on Thursday launched its made in India “NEX” smartphone with pop-up selfie shooter at Rs 44,990 in India.

The smartphone, that will be available for purchase both online and select retail stores from July 21, comes with an in-display fingerprint sensor and has high-end specifications including a Qualcomm Snapdragon 845 chipset, 8GB RAM and 128GB onboard storage.

The company also introduced a new “cooling system” on the smartphone which is dedicated to hardcore gamers and said the feature would will keep the device cool even during long sessions of gaming.

“The Vivo NEX smartphones are being manufactured at the company’s facility in Noida, Uttar Pradesh,” Nipun Marya, Head of Marketing Strategy, Vivo India, told reporters here.

Vivo-Nex
Chinese smartphone maker Vivo on Thursday launched its made in India “NEX” smartphone with pop-up selfie shooter at Rs 44,990 in India. (IANS)

The retractable front snapper of the device pops out in a jiffy while the 6.59-inch full-HD+ Super AMOLED “Ultra FullView” display with 19.3:9 aspect ratio doubles up as an earpiece, using the company’s “Screen SoundCasting” technology.

The smartphone sports dual rear camera set-up with 12MP+5MP sensors, 4-Axis OIS, slow motion, backlight HDR, live photo, portrait bokeh (dual cameras), panorama, time lapse, AR stickers and filters.

Also Read: Vivo Readying to Launch Products Across Price-points in India

The pop-up selfie camera comes with an 8MP camera sensor.

The device runs Vivo’s proprietary FunTouch OS 4.0 based on Android 8.1 Oreo. (IANS)

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