South Africa

South Africa, officially the Republic of South Africa, is the southernmost sovereign state in Africa. It is bounded on the south by 2,798 kilometers of coastline of southern Africa stretching along the South Atlantic and Indian Oceans, on the north by the neighbouring countries of Namibia, Botswana and Zimbabwe, and on the east by Mozambique and Swaziland, and surrounding the kingdom of Lesotho. South Africa is the 25th-largest country in the world by land area, and with close to 53 million people, is the world's 24th-most populous nation. It is the southernmost country on the mainland of the Old World or the Eastern Hemisphere.

South Africa is a multiethnic society encompassing a wide variety of cultures, languages, and religions. Its pluralistic makeup is reflected in the constitution's recognition of 11 official languages, which is among the highest number of any country in the world. Two of these languages are of European origin: Afrikaans developed from Dutch and serves as the first language of most white and coloured South Africans; English reflects the legacy of British colonialism, and is commonly used in public and commercial life, though it is fourth-ranked as a spoken first language.

Africa

Africa is the world's second-largest and second-most-populous continent. At about 30.2 million km² (11.7 million sq mi) including adjacent islands, it covers six percent of Earth's total surface area and 20.4 percent of its total land area. With 1.1 billion people as of 2013, it accounts for about 15% of the world's human population. The continent is surrounded by the Mediterranean Sea to the north, both the Suez Canal and the Red Sea along the Sinai Peninsula to the northeast, the Indian Ocean to the southeast, and the Atlantic Ocean to the west. The continent includes Madagascar and various archipelagos. It contains 54 fully recognized sovereign states (countries), nine territories and two de facto independent states with limited or no recognition.

Africa's population is the youngest amongst all the continents; the median age in 2012 was 19.7, when the worldwide median age was 30.4.Algeria is Africa's largest country by area, and Nigeria by population. Africa, particularly central Eastern Africa, is widely accepted as the place of origin of humans and the Hominidae clade (great apes), as evidenced by the discovery of the earliest hominids and their ancestors, as well as later ones that have been dated to around seven million years ago, including Sahelanthropus tchadensis, Australopithecus africanus, A. afarensis, Homo erectus, H. habilis and H. ergaster – with the earliest Homo sapiens (modern human) found in Ethiopia being dated to circa 200,000 years ago. Africa straddles the equator and encompasses numerous climate areas; it is the only continent to stretch from the northern temperate to southern temperate zones.

South

South is a noun, adjective, or adverb indicating direction or geography. It is one of the four cardinal directions or compass points. South is the polar opposite of north and is perpendicular to east and west.

Etymology

The word south comes from Old English sūþ, from earlier Proto-Germanic *sunþaz ("south"), possibly related to the same Proto-Indo-European root that the word sun derived from.

Navigation

By convention, the bottom side of a map is south, although reversed maps exist that defy this convention. To go south using a compass for navigation, set a bearing or azimuth of 180°. Alternatively, in the Northern Hemisphere outside the tropics, the Sun will be roughly in the south at midday.

South Pole

True south is the direction towards the southern end of the axis about which the earth rotates, called the South Pole. The South Pole is located in Antarctica. Magnetic south is the direction towards the south magnetic pole, some distance away from the south geographic pole.

Roald Amundsen, from Norway, was the first to reach the South Pole, on 14 December 1911, after Ernest Shackleton from the UK was forced to turn back some distance short.

Net worth

Net worth (sometimes called net or wealth) is the total assets minus total outside liabilities of an individual or a company. Net worth is used when talking about the value of a company or in personal finance for an individual's net economic position.

Put another way, net worth is any asset owned minus any debt owed. Net worth can be a negative number if one's debt owed is greater than the value of the assets owned.

Companies

Net worth in business is generally based on the value of all assets and liabilities at the carrying value which is the value as expressed on the financial statements. To the extent items on the balance sheet do not express their true (market) value, the net worth will also be inaccurate. On reading the balance sheet, if the accumulated losses exceed the shareholder's equity, it is a negative value for net worth.

For a company, this is called shareholders' preference and may be referred to as book value. Net worth is stated as at a particular year in time.

Net worth in this formulation is not an expression of the market value of the firm: the firm may be worth more (or less) if sold as a going concern.

Cape Town

Cape Town (Afrikaans: Kaapstad [ˈkɑːpstɐt]; Xhosa: Ikapa) is a city in South Africa. It ranks third among the most populous urban areas in South Africa, after Johannesburg and Durban, and has roughly the same population as the Durban Metropolitan Area. It is also the provincial capital and primate city of the Western Cape. It is the southernmost city on the African continent.

As the seat of the National Parliament it is also the legislative capital of the country. It forms part of the City of Cape Town metropolitan municipality. The city is famous for its harbour, for its natural setting in the Cape Floristic Region, as well as for such well-known landmarks as Table Mountain and Cape Point. As of 2014, it is the 10th most populous city in Africa and home to 64% of the Western Cape's population. It is one of the most multicultural cities in the world, reflecting its role as a major destination for immigrants and expatriates to South Africa. The city was named the World Design Capital for 2014 by the International Council of Societies of Industrial Design. In 2014, Cape Town was named the best place in the world to visit by both The New York Times and The Telegraph.