What Does Dig-Out Port Mean?


 

  

Judith Magagula , South Africa

Posted: April 30 2013

I was reading the news that Transnet is to build a Dig-out Port in Old Durban International Airport.  How does that affect residential area and what exactly this dig-out port is all about?

  NDBS Answer:

Dig-out is a word used for removing of something that may stand in the way; in this case dig-out Port refers to building or creating a channel for ship docking and container terminals,  and for that to take place some property must be removed which are next to the sea to make way for the port.   

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  What Is Inflation In Plain English?

George Lumumba , Zambia

Posted: April 27 2013

Please Explain to me Inflation in lay man’s term as this word is in everybody’s lips but when one ask exactly the meaning it takes 10 minutes for one to explain and I end up confused.


  NDBS Answer:

A general increase in prices and fall in the purchasing value of money.  That is the straight forward explanation.  The money that you have become less in value as instead of buying two items you now get one item.  That is the simplest explanation.

 

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  What Is GDP And Its Role In The Economy Of The Country?

Lawrance Matshebula, Swaziland

Posted: April 26 2013

  NDBS Answer:

The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country's economy. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.  It is the total value of all final goods and services produced in a country within a fiscal year, And is measured quarterly as it is a good indication to see if the economy is in constraints or it is performing well.  when GDP grows too quickly and fears of inflation arise the country is central bank raise interest rates to stimulate the economy.  If the GDP shows a decline in consecutive quarters then the economy is faced with recession. 

 


GDP = C + G + I + NX

"C" is equal to all private consumption, or consumer spending, in a nation's economy
"G" is the sum of government spending
"I" is the sum of all the country's businesses spending on capital
"NX 


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  What is the Power Of Attorney?  does an Attorney have to be involved?

Justin Taylor, Canada

Posted: April 25 2013


  NDBS Answers:

Power of Attorney is the authority given in writing or under oath to act on someone’s behalf.  The person given such power may not be an Attorney but has legal right to sign on behalf of the person who cedes powers to the one acting for or on behalf.

There are three types or categories of Power of Attorney which are

Lasting Power of Attorney – This is applicable where an individual is incapacitated due to poor health or other factors that will make them ineffective to make decisions.

Enduring power of attorney – It applies where the person is losing mental capacity

Ordinary Power of Attorney – This also applies on the above eventualities but do not need one to be registered with the authorities.

 


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