Abstract: The article analyzes the rapid and contradictory development of modern art, causing a lot of scientific debates and researches. Attention is focused on a variety of genres and genre structures, styles and searches for them that resulted in the specifics of the artistic situation today. Arts and theater, as we know, are one of the most powerful means of enculturation, spirituality, effectively influencing the education of a new generation of enlightened people. They are also considered as one of the most democratic and accessible art forms, helping a person to reveal their spiritual and creative potential. The author argues that the synthesized nature of painting and ballet theatre operate in complex, as both literary work and stage play, stage settings (theatricals, stage properties) and music used in the show have a cumulative impact on the spectator. Ballet Theatre, with all its inherent entertainment is, above all, the art of action, hence even the protagonists are called "characters in the play". Visual accompaniment of such an action is provided by pictorial art through the theatricals. How do they interact, what do they aspire to, how do actors, choreographers and artists achieve set tasks? These are the answers that the author is looking for in this publication. Doing so by citing authoritative sources, using a special methodology of research, studying the opinion of the famous art experts, historians, and philosophers of art and culture, thus developing an active professional position in the aspect of genre art system in the beginning of the third millennium. Article’s subject is relevant, it contributes to the development of cognition interest in young national researchers. Its importance today is undeniable in the world-class art experts’ community. In this regard this research’s results contribution to the world science of art is obvious. It once again helps to make sure that art and ballet theatre present a symbiosis of many arts interacting with each other. The position of the article’s author comes to ideas that ballet theater art features – mass, visual appeal, synthetical character – involve a number of plenty opportunities, both in the aesthetic appreciaton, and in the organization of a person’s leisure. Therefore, theater troupe rehearsals are combined with dance classes, music, fine arts and applied crafts.

Abstract: White and Yellow maize are amongst the most liquid contracts traded on South Africa Futures Exchange. Maize is an important cereal globally but more importantly in most countries in Southern Africa where it is the staple food. South Africa is a big producer of maize as well as a major exporter. This article investigates the price discovery mechanism between spot and future prices for white and yellow maize utilising the Toda and Yamamoto VAR Granger Causality Procedure. The data that was used in the study was over the period May 1996- September 2014 and was collected from South Africa Futures Exchange website. The study confirms price discovery between cash and futures market for both white and yellow maize. The main finding of the study was that price discovery for both white and yellow maize occurs in the spot market. In light of this the study recommended that market agents on SAFEX APD should formulate efficient hedging strategies since spot prices drive futures prices. The study recommended that there is need to increase market awareness and information dissemination so that interest and participation increases in future markets. Market participants on SAFEX are advised to watch carefully spot market activity as the spot market embodies useful information about futures prices.