Market News

Market News (INET BFA)

Valvoline Provides Business Update

Valvoline Provides Business Update PR Newswire LEXINGTON, Ky., July 7, 2020 LEXINGTON, Ky., July 7, 2020 /PRNewswire/ -- Valvoline Inc. (NYSE: VVV), a leading worldwide supplier of premium branded lubricants and automotive services, today provided a business update to give continued visibility into its performance during the COVID-19 crisis, including topline financial results for June 2020. Preliminary June 2020 results include the following: Substantial sequential improvement versus May 2020 Sales increases of 33% Lubricant volume increases of 32% Sequential sales and volume improvements across all segments Quick Lubes' system-wide same-store sales (SSS) were positive for the month of June, with significant sequential improvement over May 2020 System-wide SSS growth of 7.2% for June compared to the prior-year period SSS for company-owned stores grew 10.4% in June compared to the prior-year period SSS for franchised stores grew 5.0% in June compared to the prior-year period Total liquidity of nearly $1.3 billion as of June 30, 2020 Quick Lubes' system-wide SSS sequential improvement was driven by both transactions and ticket, as miles driven trends improved and new customer growth continued. Shipments in Core North America were ahead of pre-COVID-19 levels for each week in June driven by improved performance in both retail and installer volumes. In the International segment, volume including unconsolidated joint ventures continued to improve across all regions and approached pre-COVID-19 trends, with China remaining at pre-COVID-19 levels. "Preliminary June results continue to demonstrate the strength and resiliency of our business model with each segment again showing strong sequential improvement," said Sam Mitchell, CEO. "The nondiscretionary nature of our preventative maintenance products and services and strong customer-focused execution are powering our results as miles driven continues to improve. While we continue to closely monitor recent COVID-19 trends, I remain encouraged abou

COVID-19 forces Kenya basic education to resume in January - Breaking news, special reports, world, business, sport coverage

COVID-19 forces Kenya basic education to resume in January 7 July 2020, 10:15 PM | Sarah Kimani | @SABCNews Image: Reuters The ministry has settled for January next year for both Primary and Secondary schools, in a historic first for the country, there will be no national examinations this year. Basic education in Kenya will resume in January next year when the COVID-19 curve is expected to flatten , the country's education Cabinet Secretary Prof. George Magoha announced on Thursday a day after the country's President Uhuru Kenyatta announced a phased reopening of the country. The ministry has settled for January next year for both Primary and Secondary schools, in a historic first for the country, there will be no national examinations this year. Magoha says schools should only reopen when the daily percentage of confirmed positive COVID-19 cases have reduced consistently for at least 14 days - which is evidence that the country has passed the peak. Schools will now use this time to put in place protocols on reducing physical contact and ensuring high levels of hygiene. Kenya currently has over 8 000 cases the highest in the East African region. Prof. Magoha says reducing physical contact in learning institutions by having fewer learners will have a great impact on reducing COVID-19 cases and fatalities associated with reopening of learning institutions. Prof. Magoha announced that universities and tertiary institutions will begin reopening in September this year after meeting all health requirements to prevent the spread of the disease. This entry was posted on 07 Jul 2020,10:15PM at 10:15 PM and is filed under Coronavirus , Africa , COVID-19 in Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

BUSINESS MAVERICK: Hospitality sector wins first round in battle against insurance industry

Hospitality sector wins first round in battle against i... Hospitality sector wins first round in battle against insurance industry By Sasha Planting• 7 July 2020 The hospitality sector and the insurance industry are set for a long, hard fight over business interruption claims resulting from the Covid-19 lockdown. (Photo: Mitchell Leff / Getty Images) A high court ruling this week saw the hospitality sector score the first points in what is likely to be an arduous battle between it and the insurance industry. Save On Tuesday 7 July the Western Cape High Court issued judgment in an insurance matter that will have profound implications for the South African insurance industry, as well as the hospitality industry, which is standing in opposition to it. In the matter between Cafe Chameleon (a lively establishment in the northern suburbs of Cape Town) and Guardrisk Insurance, Judge Andre le Grange ruled that the Covid-19 outbreak is the legal and factual cause of Cafe Chameleon’s loss resulting from the interruption to its business. Guardrisk is therefore liable to pay the applicant’s business interruption claim. Restaurants, lodges and hotels have been locked in an intractable dispute with the insurance industry over the validity of their business interruption claims . Business interruption insurance exists to help companies survive following an unanticipated event. There are generally two types of this insurance: a basic policy which requires physical damage to the business premises in order to trigger a claim, and a tourism/hospitality policy that contains a specific extension that includes interruption by infectious or contagious notifiable disease. While insurance matters by their nature are complex, at the heart of the debate are: The interpretation and understanding of the wording in the contract; and The causation - did Covid-19 cause the business interruption or did the lockdown lead to the business interruption? It would appear that, to the insurance indus

NTG Nordic Transport Group increases the share capital to acquire remaining 15% of the shares in Ebrex Business Solutions Lt

News › NTG Nordic Transport Group increases the share capital to acquire remaining 15% of the shares in Ebrex Business Solutions Ltd. NTG NORDIC TRANSPORT GROUP A/S [CBOE] NTG_DC 15 min delayed data - ChiX CH/DK/FI/NO/SE Open: NTG Nordic Transport Group increases the share capital to acquire remaining 15% of the shares in Ebrex Business Solutions Ltd. 0 Company announcement no. 17 - 20 7 July 2020 NTG Nordic Transport Group increases the share capital to acquire remaining 15% of the shares in Ebrex Business Solutions Ltd. NTG Nordic Transport Group ("NTG) has increased the share capital by nominally DKK 4,440,600 (222,030 shares of DKK 20) at a share price of 95.90) against a contribution in kind acquiring of the remaining 15% of the shares in Ebrex Business Solutions Ltd ("Ebrex). Following this, NTG’s ownership of Ebrex is 100%. The sellers are Arvid Meijer, CEO in Ebrex and Heinrich de Waal, COO in Ebrex. The transaction is a result of the ongoing integration process, as the operational integration has reached a stage at which the success of Ebrex no longer requires management to be partners in a stand-alone entity. The transaction does not affect the organizational structure as both Mr. Meijer and Mr. de Waal remain committed to the combined success Ebrex and the NTG Group. The transaction is completed at the same valuation as the acquisition of the initial 85%, as described in company announcement 43 - 19. The share capital of NTG is hereafter nominally DKK 452,988,120 distributed in to 22,649,406 shares of DKK 20 each. The total number of votes is 452,988,120. NTG’s articles of association will be updated accordingly and published on the company’s website. Additional information For additional information, please contact: Investor relations Christian D. Jakobsen, Group CFO +45 76 32 09 89 ir@ntg.dk Martin Diernisse, Group Director +45 76 32 09 90 press@ntg.dk

Changing lives, changing the way we do business: Introducing the Data Distillery at African Bank - Fin24

Changing lives, changing the way we do business: Introducing the Data Distillery at African Bank Share (Image: Supplied) Even Sherlock Holmes, way back in the 1800s, knew the value of data science. He believed "it is a capital mistake to theorise before one has data. Today, data science is helping businesses in all sectors to focus their resources, make smarter decisions and improve performance. African Bank has taken the trend a step further with the establishment of a "Data Distillery for young graduates who are given the opportunity to be permanently employed by the Bank as data science trainees. Driving the programme is the Bank’s Human Capital Business Partner for Corporate Services, Zandile Adelaide Nkosi. The initiative is aimed at expanding data science skills in line with African Bank’s strategy. Nkosi said the impact of the Covid-19 pandemic on unemployment among the youth is staggering. "Lockdown, however, provided South Africa with the unique opportunity to speed up our digital economy. Many initiatives we have seen lately, like the African Bank Data Distillery, have been established with exactly this in mind. The Data Distillery is a year-long programme. The success of the programme is thanks to a partnership with CapaCITI (project managers), who in turn partnered with Explore Data Science Academy (responsible for executing the technical training). Explore launched the programme with the aim of addressing the shortage of data scientists across South Africa by offering a 12-month data science programme to students between the ages of 17 and 35, regardless of their qualifications, socio-economic status or financial means. At the end of the course, the top graduates receive certificates and are absorbed into the Bank as permanent data science trainees. The top objectives of the Data Distillery: For the selected top candidates to gain life skills. To equip individuals with work-readiness skills. To teach students all about African Bank and its values and cultur

Unions accept severance packages from SAA - Breaking news, special reports, world, business, sport coverage of all South Afr

Unions accept severance packages from SAA 8 July 2020, 12:56 AM | SABC | @SABCNews Image: SABC During a Labour Consultative Forum (LCF) meeting, convened today by labour unions, the parties agreed "that they had no objection to SAA/DPE offering to individual employees a Voluntary Severance Package as proposed by the DPE. The Department of Public Enterprises (DPE) says its encouraged that labour unions, and representatives of non-unionised managers and ground staff, have agreed to accept the South African Airways ( SAA ) voluntary severance packages (VSPs) which will be supported by a social plan and skills development programme for employees who will be retrenched. During a Labour Consultative Forum (LCF) meeting, convened today by labour unions, the parties agreed "that they had no objection to SAA/DPE offering to individual employees a Voluntary Severance Package as proposed by the DPE. The position of the SAA Pilots Association (SAAPA) in respect of the VSPs remain unclear at this stage. SAAPA has indicated that they do not oppose the outcome of today’s LCF meeting but the union is seeking to embark on a parallel process through which they want to consult the Business Rescue Practitioners (BRPs) for SAA about the severance packages. The DPE welcomes this endorsement of the VSPs by the National Transport Movement (NTM), the South African Transport and Allied Workers Union (SATAWU), the Aviation Union of Southern Africa (AUSA), Solidarity, the National Union of Metalworkers of South Africa (NUMSA), the South African Airways Cabin Crew Association (SACCA) and representatives of SAA non-unionised managers and ground staff.

COVID-19 cases at Correctional Service centres rise to 3 083 - Breaking news, special reports, world, business, sport covera

COVID-19 cases at Correctional Service centres rise to 3 083 7 July 2020, 9:44 PM | SABC | @SABCNews Image: Reuters 1 721 of the total confirmed cases are officials while 13 62 are of inmates. The Department of Correctional Services (DCS) has recorded 171 new COVID-19 cases, bringing the total number of confirmed cases at their centres to 3 083. 98 of the new cases are of officials while 73 are those of inmates. 1 721 of the total confirmed cases are officials while 13 62 are of inmates. DCS says active cases are standing at 1 162. 36 people have died from the virus while 1 885 have recovered. Below are the full COVID-19 statistics in SA Correctional Centres.

BUSINESS MAVERICK: Second-quarter SA consumer confidence plunges to 35 -year low

Second-quarter SA consumer confidence plunges to 35-yea... Second-quarter SA consumer confidence plunges to 35-year low By Ed Stoddard• 7 July 2020 A sign encouraging physical distancing hangs on a storefront in Maponya Mall on 20 May 2020 in Soweto. (Photo: Gallo Images / Sharon Seretlo) The FNB/BER Consumer Confidence Index took a nosedive in the second quarter of 2020 to its lowest level since 1985. That was a year marked by sanctions, widespread unrest, PW Botha’s infamous ‘Rubicon Speech’ and a mounting debt crisis. Save The Consumer Confidence Index (CCI) is the latest data set pointing to the mother of all GDP contractions in the second quarter, which began with the hard lockdown and ended with a rebooting economy that is still hardly firing on all cylinders. "The sudden outbreak of the Covid-19 epidemic and subsequent severe restrictions to almost all non-essential economic activity in South Africa sent the FNB/BER Consumer Confidence Index plummeting from an already depressed level of -9 in the first quarter of 2020 to a shocking -33 during the second quarter. The latest CCI reading is now only 3 index points shy of the all-time lowest consumer confidence level of -36 recorded in 1985, FNB said in a statement. "The majority of households across all income groups now expect their household finances to deteriorate over the next 12 months Disconcertingly, the sub-index measuring the appropriateness of the present time to buy durable goods (e.g. vehicles, furniture, household appliances and electronic goods) fell off a cliff, with a massive 38-index-point drop to a historic low of -64, it said. This means that consumers are not consuming and have little intention of buying big-ticket items, even though the prime lending rate at 7.25% is at a 55-year low after the South African Reserve Bank (SARB) slashed 275 basis points off its repo rate. "Not even the cut-price specials offered by durable goods retailers or the substantial interest rate cuts by

Equinix to Extend Customer Access to Alibaba Cloud in 17 Markets

Equinix to Extend Customer Access to Alibaba Cloud in 17 Markets EQUINIX INC. 15 min delayed data - NASDAQ Stocks Open: Equinix to Extend Customer Access to Alibaba Cloud in 17 Markets 0 15 Equinix to Extend Customer Access to Alibaba Cloud in 17 Markets API integration with ECX Fabric allows streamlined access to Alibaba Cloud across the Americas, Asia-Pacific and EMEA PR Newswire REDWOOD CITY, Calif., July 7, 2020 REDWOOD CITY, Calif., July 7, 2020 /PRNewswire/ -- Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced it will extend access to Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, through Platform Equinix for customers from 17 metros globally, including Dubai, Frankfurt, Hong Kong, Jakarta, London, Singapore, Sydney, Tokyo, as well as US metros such as Chicago, Dallas, Denver. This expansion, along with its API integration with Equinix Cloud Exchange Fabric (ECX Fabric), will help enterprises from these global markets easily and privately connect to Alibaba Cloud on Platform Equinix. Alibaba Cloud is the third largest global provider of Infrastructure-as-a-Service (IaaS) and the largest in Asia-Pacific, according to Gartner.1 With the partnership, Alibaba Cloud can also enjoy secure, direct access to a robust, interconnected ecosystem of more than 9,700 customers, including 1,800 network providers and over 2,900 cloud and IT service providers globally to enhance performance, lower latency, and increase reliability for its customers. As a key enabler of digital transformation, cloud has been heavily adopted by multinational enterprises as they seek to modernize and mobilize their IT systems. According to Gartner, IaaS is expected to reach $62 billion in 2021 globally, and is forecast to grow at a compound annual growth rate (CAGR) of 24% during the forecast period 2019-2024.2 To deliver on the expectations of transformation, it is critical for enterprises to ensure they can securely and seamlessly access

Small business program scrutinized for loans to big firms

Small business program scrutinized for loans to big firms Joyce M. Rosenberg, Ap Business Writer Updated 4:14 pm EDT, Tuesday, July 7, 2020 A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loans. P.F. Chang’s China Bistro said its loan of between $5 million and $10 million helped keep 12,000 workers employed as it transitioned its over 210 restaurants to take-out. less A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans ... more Photo: Nati Harnik, AP Close Image 1 of 11 A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loans. P.F. Chang’s China Bistro said its loan of between $5 million and $10 million helped keep 12,000 workers employed as it transitioned its over 210 restaurants to take-out. less A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans ... more Photo: Nati Harnik, AP Small business program scrutinized for loans to big firms 1 / 11 Back to Gallery NEW YORK (AP) - Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that's not exactly how it worked

7 things you need to know today - Port Elizabeth Business News

/ 7 things you need to know today - Port Elizabeth Business News 7 things you need to know today - Port Elizabeth Business News 7 July 2020 Source: "Port Elizabeth business - BingNews . MTN and Ericsson partner to launch 5G Network Connection to South African Cities : MTN South Africa have today announced the availability of its 5G commercial offering using Ericsson products in the cities of Bloemfontein and Port Elizabeth. This latest development coming after Source: "Port Elizabeth business - BingNews . MTN and Ericsson partner to launch 5G Network Connection in South African Cities : MTN South Africa have today announced the availability of its 5G commercial offering using Ericsson products in the cities of Bloemfontein and Port Elizabeth. This latest development coming after

US withdrawal from WHO to take effect July 2021: UN - Breaking news, special reports, world, business, sport coverage of all

US withdrawal from WHO to take effect July 2021: UN 7 July 2020, 11:23 PM | Reuters | @SABCNews Image: Reuters The WHO is an independent international body that works with the United Nations. The United States will leave the World Health Organisation on July 6, 2021, the United Nations said on Tuesday after receiving formal notification of the decision by President Donald Trump more than a month ago. Trump had to give one-year notice of the US withdrawal from the Geneva-based UN agency under a 1948 joint resolution of the US Congress, which also obliges Washington to pay financial support. The United States currently owes the WHO more than $200 million in assessed contributions, according to the WHO website. After more than 70 years of membership, the United States moved to quit the WHO after Trump accused it of becoming a puppet of China amid the coronavirus pandemic. The virus first emerged in China's Wuhan city late last year. "The Secretary-General is in the process of verifying with the World Health Organisation whether all the conditions for such withdrawal are met, UN spokesperson Stephane Dujarric said. Trump had halted funding for the 194-member organization in April, then in a May 18 letter gave the WHO 30 days to commit to reforms. Reaction to Donald Trump's decision to halt WHO funding He announced the United States would quit less than two weeks later. The WHO is an independent international body that works with the United Nations. UN Secretary General Antonio Guterres has said that the WHO is "absolutely critical to the world's efforts to win the war against COVID-19. Trump has long scorned multilateralism as he focuses on an "America First agenda. Since taking office, he has quit the UN Human Rights Council, the UN cultural agency, a global accord to tackle climate change and the Iran nuclear deal. He has also cut funding for the UN population fund and the UN agency that aids Palestinian refugees. This entry was posted on 07 Jul 2020,11:23PM at 11:23 PM and is filed under Wo

Will COVID-19 Permanently Change Business Rules and Regulations?

Regulations Will COVID-19 Permanently Change Business Rules and Regulations? The rules that govern business have shifted in the past few months, creating lots of new opportunities for entrepreneurs. But will the changes really stick? This story appears in the July 2020 issue of Entrepreneur . Subscribe > The restaurant industry has spent years pushing a once radical idea: Restaurants should be able to sell alcohol to go. But very few lawmakers supported it. Then COVID-19 arrived. To help restaurants survive, more than 30 states temporarily changed their laws to allow off-premise alcohol sales. Consumers are thrilled; in surveys, up to 85 percent say they want to-go alcohol forever. So now the industry has a new ambition. "Our goal is to make these temporary ordinances permanent, says Mike Whatley, the National Restaurant Association’s VP of state and local affairs. Related: A 10-Point Small-Business Survival Plan for Dealing With the Coronavirus This isn’t an isolated story. As the pandemic alters industries, it has also altered the rules that govern them. " Governments are saying, ‘You know, we have some rather restrictive legislation,’ says Matt Ridley, author, most recently, of the book How Innovation Works, and a member of the U.K. House of Lords. "I think this will prove to be a moment of opportunity for entrepreneurs to change the way we do things. To take advantage, Ridley says that entrepreneurs should look for fallen barriers. Telemedicine is a perfect example. U.S. laws once restricted how doctors could connect with patients and be reimbursed for virtual visits. That changed recently, leading to a boom in remote medical care - and opportunities for entrepreneurs to develop new solutions. The same is true in other industries, where laws once made disruption difficult. "If you were thinking of starting a new airline, for example, with a wholly new model of how you handle passengers and so on, this might be a very good moment, Ridley says.

COVID-19 cases continue to rise in Gauteng and Eastern Cape - Breaking news, special reports, world, business, sport coverag

COVID-19 cases continue to rise in Gauteng and Eastern Cape 8 July 2020, 12:25 AM | SABC | @SABCNews Image: SABC The number of recoveries is 102 299, which translates to a recovery rate of 47,4%. As of today a cumulative total of 215 855 confirmed COVID-19 cases in South Africa have been reported. 1 907 532 tests have been completed in total of which 43 421 new tests are reported. A further 192 COVID-19 related deaths have been reported - 15 from Limpopo, 22 from KwaZulu-Natal, 36 from Eastern Cape, 44 from Western Cape and 75 from Gauteng. This brings the total deaths to 3 502. The number of recoveries is 102 299, which translates to a recovery rate of 47,4%

Cape café's ‘precedent-setting' business interruption insurance victory

Hoteliers plead for Covid-19 business interruption insurance payouts In the 38-page judgment handed down by Judge Andre le Grange, Guardrisk is declared liable to pay out Cafe Chameleon "in terms of the business interruption section of the policy for any loss suffered since 27 March 2020 as a result of the Covid-19 outbreak in South Africa. Costs order Le Grange also ordered Guardrisk to pay the legal costs of Cafe Chameleon in relation to the case. Guardrisk, which is a subsidiary of JSE-listed Momentum Metropolitan (formally MMI Holdings), said in a brief response to Moneyweb that it had noted the High Court ruling. It did not say whether it would be appealing the decision; however, an appeal is likely considering the significance of the case for both the group and the broader insurance industry. "Guardrisk and HIC [HIC Underwriting Managers] recognise the plight of business owners in the hospitality industry and the need to get clarity on Covid-19 related business interruption insurance as a matter of extreme urgency, it said. "We have been paying and will continue to pay claims in line with our policy wordings. In addition, we have noted the ruling made in the Western Cape Division of the High Court on the matter between Cafe Chameleon CC and Guardrisk Insurance Company Limited. We are in the process of engaging with our legal team to study the judgment and consider the next steps, it added. Read: TBCSA wants Mboweni to intervene on Covid-19 insurance claims In their submission, Cafe Chameleon’s lawyers highlighted that the "regulatory regime (essentially government’s lockdown regulations) in the wake of the Covid-19 outbreak had "severely interrupted the business, affecting the livelihoods of some 41 employees. The restaurant did not retrench staff, however the government’s UIF Ters programme only paid out for 25 employees in April. Respondent’s arguments Guardrisk’s legal counsel’s grounds for opposing the matter included: T

Starting a business in your 20s consider these money management tips

DURBAN Starting a business is not easy especially as a young person with limited access to information and resources. But if you want to build a sustainable business it is imperative that you get up to speed with the most effective ways to manage finances. Belinda Rathogwa Head of Client Solutions Small Enterprises at Standard Bank said "The good news is that financial management is a skill that can be learnt. There is a wealth of knowledge and a number of tools available to empower young entrepreneurs stay in control and keep track of their business s finances". Rathogwa adds that if you are starting a business with very little capital you will need to manage your business finances carefully to make the most of the funds you have. Rathogwa offers the following money management tips for young and aspiring entrepreneurs: Limit big expenses in the beginning In the early stages of running your business keep expenses as low as possible. Before spending on anything consider whether it is going to benefit and grow your business. Keep your operations lean and avoid any unnecessary purchases. If you adopt this mindset from the start it can only benefit your business in the future. The current Covid 19 environment has made remote working a norm this could be to your advantage as it reduces the need to rent office space. Limit expenses to those items that are essential for running your business Keep your personal expenses in check Any seasoned entrepreneur will tell you that success requires sacrifice. Be prepared draw a smaller salary from your busines than what you could earn if you were employed especially in the first year of running your business. Put as much money as you can towards funding growth in your business. If you have other sources of income do not cut those ties off until the income from your new venture can replace that income. If you don t have access to alternative sources of income pay yourself enough to get by and avoid spending on any big ticket items.

US, Brazil and India account for 50% of global daily coronavirus infections - Breaking news, special reports, world, busines

US, Brazil and India account for 50% of global daily coronavirus infections 7 July 2020, 10:25 PM | Sherwin Bryce-Pease | @SABCNews Image: Reuters The number of coronavirus cases is increasing daily. Just three countries account for more than 50% of the global daily infection rate associated with COVID-19 as cases continue to surge in the United States, Brazil, and India. Each of those three countries recorded at least 21 000 new cases in just the last 24 hours, while the United States saw an increase in excess of 50 000 new infections amidst growing concerns that the world's richest country is failing to contain the coronavirus spread. They say a picture is worth a thousand words. Take the Johns Hopkins graphic representation of daily case rates in 20 countries that currently have the highest absolute daily number of deaths including Russia, Iran, and South Africa. But the lines representing Brazil and the United States have a vertical inclination. And if horizontal is good, then this is very bad as Dr. Anthony Fauci of the National Institute of Allergy and Infectious Diseases explains, "We are still knee-deep in the first wave of this and I would say this would not be considered a wave. It was a surge or a resurgence of infections superimposed upon a baseline, that really never got down to where we wanted to go. If you look at the graphs from Europe, Europe the EU as an entity, it went up and then came down to baseline. Now, they're having little blips as you might expect as they try to reopen. We went up, never came down to baseline and now we're surging back up. So, it's a serious situation that we have to address immediately. Record-breaking numbers With more than 720 000 cases, India which recorded a daily record in new infections this past Sunday, delays in the planned reopening of the Taj Mahal. In Brazil, the right-wing President and a brazen coronavirus skeptic Jair Bolsonaro has tested positive to COVID-19, in a country that has suffered one of the worst outbreaks anywhere. "In

National Taxi Alliance backs down on full capacity loading - Breaking news, special reports, world, business, sport coverage

National Taxi Alliance backs down on full capacity loading 7 July 2020, 10:11 PM | SABC | @SABCNews Image: Twitter@JayedLeigh Last week, the NTA joined Santaco in a nationwide call to fill taxis to full capacity and reintroduce cross-border transport. The National Taxi Alliance says it has placed itself in the hands of the National Coronavirus Command Council in its appeal to load to full capacity and expand routes. Last week, the NTA joined Santaco in a nationwide call to fill taxis to full capacity and reintroduce cross-border transport. But after meeting with the National Coronavirus Command Council, which included presentations from Professor Salim Abdool Karim, the NTA backed down. Briefing Parliament's Transport Portfolio Committee, NTA president Francis Masitsa said, "The NTA will pronounce itself after finality has been reached by the National Corona Command Council. We do, however, reserve the right to pursue all legal avenues possible in case we feel aggrieved. I want to publicly declare today that at no stage will NTA agitate disobedience. In the video below, Santaco, National Alliance brief Parliament's Transport Portfolio Committee: This entry was posted on 07 Jul 2020,10:11PM at 10:11 PM and is filed under Coronavirus , South Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Business Highlights

Business Highlights 6:00 pm EDT, Tuesday, July 7, 2020 ___ Small business program scrutinized for loans to big firms NEW YORK (AP) - Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that's not exactly how it worked out. Among the companies on the partial list of recipients released Monday were fashion designers including Oscar de la Renta, retailers and fast-food chains including P.F. Chang's and TGI Friday's. While many companies belong to industries hard-hit by shutdown orders, they also have deep pockets or the backing of private equity firms. ___ Trump donors among early recipients of coronavirus loans WASHINGTON (AP) - As much as $273 million in federal coronavirus aid was awarded to more than 100 companies that are owned or operated by major donors to President Donald Trump's election efforts. That's according to an Associated Press analysis of government data that was released Monday. Many of the Trump-connected businesses were among the first to be approved for a loan in early April. All told, the Trump supporters who run these companies have collectively contributed at least $11.1 million since May 2015 to committees supporting Trump. Each donor gave at least $20,000. Trump's campaign calls the program a resounding success. ___ Love your job? Show it off with Top Workplaces Data: Congress created virus aid, then reaped the benefits WASHINGTON (AP) - Newly released government data show at least a dozen lawmakers have ties to organizations that received federal coronavirus aid. Among businesses that received money was a California hotel partially owned by the husband of House Speaker Nancy Pelosi, as well as a shipping business started by Transportation Secretary Elaine Chao's family. Chao is married to Senate Majority Leader Mitch McConnell. Car dealerships owned by Republican Reps. Roger Williams of Te

China reports seven new coronavirus cases for July 7, down from prior day - Breaking news, special reports, world, business,

China reports seven new coronavirus cases for July 7, down from prior day 8 July 2020, 3:38 AM | Reuters | @SABCNews Image: Reuters People wearing face masks line up to enter a site for nucleic acid tests at a hospital, following the outbreak of the coronavirus disease (COVID-19), in Beijing. China on Wednesday reported seven new coronavirus cases in the mainland for July 7, compared with eight cases a day earlier, the health authority said. All of the new infections were imported cases, the National Health Commission said in a statement, while the capital city of Beijing reported no new cases. There were no new deaths. China also reported six new asymptomatic patients, down from 15 a day earlier. As of July 7, mainland China had a total of 83 572 confirmed coronavirus cases, it said. China's death toll from the coronavirus remained unchanged at 4 634. This entry was posted on 08 Jul 2020,03:38AM at 3:38 AM and is filed under World . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

US tops 3 million known infections as coronavirus surges - Breaking news, special reports, world, business, sport coverage o

US tops 3 million known infections as coronavirus surges 8 July 2020, 2:24 AM | Reuters | @SABCNews Image: Reuters Medical workers conduct tests as people wait in their vehicles in long lines for the coronavirus disease (COVID-19) testing in Houston, Texas. The US coronavirus outbreak crossed a grim new milestone of over 3 million confirmed cases on Tuesday as more states reported record numbers of new infections, and Florida faced an impending shortage of intensive care unit hospital beds. Authorities have reported alarming upswings of daily caseloads in roughly two dozen states over the past two weeks, a sign that efforts to control transmission of the novel coronavirus have failed in large swaths of the country. California, Hawaii, Missouri, Montana, Oklahoma and Texas on Tuesday shattered their previous daily record highs for new cases. About 24 states have also reported disturbingly high infection rates as a percentage of diagnostic tests conducted over the past week. In Texas alone, the number of hospitalized patients more than doubled in just two weeks. The trend has driven many more Americans to seek out COVID-19 screenings. The US Department of Health and Human Services said on Tuesday it was adding short-term "surgetesting sites in three metropolitan areas in Florida, Louisiana and Texas. In Houston, a line of more than 200 cars snaked around the United Memorial Medical Center as people waited for hours in sweltering heat to get tested. Some had arrived the night beforet o secure a place in line at the drive-through site. "I got tested because my younger brother got positive, said Fred Robles, 32, who spent the night in his car. "There's so many people that need to get tested, there's nothing you can do about it. Dean Davis, 32, who lost his job due to the pandemic, said he arrived at the testing site at 3 a.m. on Tuesday after he waited for hours on Monday but failed to make the cutoff. "I was like, let me get here at 3, maybe nobody will be here, Davis said. "I got here, there

Colombia coronavirus lockdown extended until August 1 - Breaking news, special reports, world, business, sport coverage of a

Colombia coronavirus lockdown extended until August 1 8 July 2020, 3:24 AM | Reuters | @SABCNews Image: Reuters The Andean country has reported more than 124 400 cases of the novel coronavirus and 4 359 deaths. Colombia's national lockdown to control the spread of coronavirus will be extended by just over two weeks until August 1, President Ivan Duque said on Tuesday. The Andean country has reported more than 124 400 cases of the novel coronavirus and 4 359 deaths. Duque declared a national lockdown in late March to slow coronavirus infections across the country. While thousands of businesses have begun reopening, the lockdown was due to be lifted on July 15. "After analyzing the country and considering we have cities where the rate of cases has accelerated and grown, as well as the mortality rate, we have continued to work on preserving the mandatory preventive isolation as the general concept, Duque said in a nightly televised broadcast. While the quarantine continues, municipalities with no coronavirus infections or with low infection rates will be allowed to open restaurants, theaters and gyms under strict protocols - including the use of face masks and social distancing - at the request of mayors. Colombia currently has 490 municipalities with no coronavirus infections, while 100 have low infection rates, Duque said. A further 295 have not reported cases in the last three weeks. Latin America's fourth-largest economy has been battered by the measures taken to slow the spread of coronavirus and a slump in oil prices. Crude oil is one of the country's top exports and sources of foreign exchange. The government expects the economy to contract by 5.5% this year. The country has suspended its fiscal deficit limits for 2020 and 2021 and issued billions in bonds as unemployment rises and businesses close during the quarantine. This entry was posted on 08 Jul 2020,03:24AM at 3:24 AM and is filed under World . You can follow any responses to this entry through the RSS 2.0 feed. Both comments a

China could have done more to aid world's COVID-19 response, top US health official says - Breaking news, special reports, w

8 July 2020, 1:52 AM | Reuters | @SABCNews Image: Reuters US coronavirus task force response coordinator, Dr. Deborah Birx. US coronavirus task force response coordinator Dr. Deborah Birx said that the United States and other countries could have had a stronger initial response to COVID-19 if China had been more forthcoming about key features of the virus. At a panel held by the Atlantic Council, a US think tank, Birx said the United States would have been more focused on identifying COVID-19 patients without symptoms if China has shared information about the frequency with which COVID-19 patients, particularly young people, are asymptomatic. "I have to say if we had known about the level of asymptomatic spread, we would have all looked at this differently, Birx said at the panel. "That's usually the initial countries' responsibility and I think that did delay across the board our ability to really see or look for this. Birx said that public health officials had originally assumed that only 15 to 20% of COVID-19 patients are asymptomatic when in fact that number is at least 40%. "We were looking for people with symptoms. We should have looked for anyone who would have been exposed, she said. President Donald Trump has leveled blame at China for the outbreak, saying the country should have warned the world much sooner. China's United States embassy told Reuters in a statement that China has been open, transparent and responsible since the pandemic broke out. "We notified the (World Health Organisation) of the epidemic, shared the genome sequencing of the virus, carried out international cooperation and helped other countries affected, all at the earliest time possible, the statement said. "These are plain, internationally recognized facts, which cannot be denied or erased by anyone. The United States saw a 27% increase in new cases of COVID-19 in the week ended July 5 compared with the previous seven days. This entry was posted on 08 Jul 2020,01:52AM at 1:52 AM and is filed under World . Yo

Free Webinar - August 27: Keeping Your Network Strong: How Women Business Owners Can Adjust to the New Normal - Latest Break

Latest Breaking news and update in Nigeria and the world Free Webinar | August 27: Keeping Your Network Strong: How Women Business Owners Can Adjust to the New Normal By Join us as we discuss strategies women entrepreneurs can adopt to keep their networks robust during COVID-19 & beyond. Grow Your Business, Not Your Inbox Stay informed & join our daily newsletter now! July 1 min read Opinions expressed by Entrepreneur contributors are their own. In this webinar, a panel from Wilmington Trust will discuss the findings of a new survey on peer networking for women business owners, & issues they go on to confront versus their male counterparts. They will as well as talk approximately strategies women entrepreneurs can adopt to keep their networks robust during COVID-19 & beyond. Key Takeaways: How women business owners & entrepreneurs can gain better access to peer networks What are the networking challenges that women face as compared to men, & how do men & women perceive those challenges differently How the pandemic is impacting face-to-face networking, & what are some techniques business owners can use to overcome those challenges Register Now Marguerite is responsible for the development & delivery of strategic advice offerings for clients of Wilmington Trust & M&T Emerald Advisory Services. She provides families & business owners with personal wealth planning & fiduciary services to assist them in the design & implementation of their estate, business succession, & family legacy plans.

RIGHT OF REPLY: New deal for Newlands a huge boost for rugby

New deal for Newlands a huge boost for rugby New deal for Newlands a huge boost for rugby By Zelt Marais• 7 July 2020 Newlands Rugby Stadium. (Photo: Western Province Rugby) The Western Province Rugby Football Union takes exception to the insinuation that it acted without due consideration over the future of Newlands and the move to the Cape Town Stadium. Save One thing I have learnt about leadership is that you can never please everyone, and that leaders who try, don’t get very far. Instead, a leader needs to listen to advice, to think things through on the basis of principle and, ultimately, to decide on the best course of action for the greater good. In the 19 months that I have been president of the Western Province Rugby Football Union (WPRFU), I have found that this process has served me well. Indeed, I have drawn on it often over the last month in our discussions over the future of Newlands and our move to the Cape Town Stadium. When our agreement with Investec fell through on 1 June 2020, I realised that I needed to act quickly and decisively to safeguard our future. But I also knew that we needed to assess all the available evidence, do the required due diligence and do what is best for Western Province rugby, the development of the sport and the citizens of this province. And so, I take exception to the insinuation in the article " WP rugby’s future on the line in Newlands saga (Daily Maverick, 6 July 2020) that the members of the WPRFU have acted without due caution. On the contrary, in our negotiations for a better deal for the Union, we have exercised great care every step of the way. It seems that this negative perception stems from a misreading of the WPRFU’s agreement with Flyt Property Investment to develop Newlands. So, let’s take this opportunity to put out the relevant facts of the matter. In short, the proposed new deal will see Flyt Investment Property advance R112-million to the WPRFU to pay off previous loans taken fr

Cape café's ‘precedent-setting' business interruption insurance victory

Hoteliers plead for Covid-19 business interruption insurance payouts In the 38-page judgment handed down by Judge Andre le Grange, Guardrisk is declared liable to pay out Cafe Chameleon "in terms of the business interruption section of the policy for any loss suffered since 27 March 2020 as a result of the Covid-19 outbreak in South Africa. Costs order Le Grange also ordered Guardrisk to pay the legal costs of Cafe Chameleon in relation to the case. Guardrisk, which is a subsidiary of JSE-listed Momentum Metropolitan (formally MMI Holdings), said in a brief response to Moneyweb that it had noted the High Court ruling. It did not say whether it would be appealing the decision; however, an appeal is likely considering the significance of the case for both the group and the broader insurance industry. "Guardrisk and HIC [HIC Underwriting Managers] recognise the plight of business owners in the hospitality industry and the need to get clarity on Covid-19 related business interruption insurance as a matter of extreme urgency, it said. "We have been paying and will continue to pay claims in line with our policy wordings. In addition, we have noted the ruling made in the Western Cape Division of the High Court on the matter between Cafe Chameleon CC and Guardrisk Insurance Company Limited. We are in the process of engaging with our legal team to study the judgment and consider the next steps, it added. Read: TBCSA wants Mboweni to intervene on Covid-19 insurance claims In their submission, Cafe Chameleon’s lawyers highlighted that the "regulatory regime (essentially government’s lockdown regulations) in the wake of the Covid-19 outbreak had "severely interrupted the business, affecting the livelihoods of some 41 employees. The restaurant did not retrench staff, however the government’s UIF Ters programme only paid out for 25 employees in April. Respondent’s arguments Guardrisk’s legal counsel’s grounds for opposing the matter included: T

Bullfrog Gold Receives Assays on 5 More Holes at Its Project in the Bullfrog Mining District of Nevada, Including 14 Meters

News › Bullfrog Gold Receives Assays on 5 More Holes at Its Project in the Bullfrog Mining District of Nevada, Including 14 Meters of 2.42 g gold/t and 46 Meters of 0.30 g/t BULLFROG GOLD CORP. BFGC 15 min delayed data - NASDAQ OTCBB Open: Bullfrog Gold Receives Assays on 5 More Holes at Its Project in the Bullfrog Mining District of Nevada, Including 14 Meters of 2.42 g gold/t and 46 Meters of 0.30 g/t 0 11 GRAND JUNCTION, Colo., July 07, 2020 (GLOBE NEWSWIRE) -- via NetworkWire - Bullfrog Gold Corp. (BFGC:OTCQB; BFG:CSE; 11B:FSE) ("Bullfrog, "BFGC or the "Company) today announced assay results from five more of the 25 holes recently drilled at its Bullfrog Project ("Project). The Project comprises 2,125 hectares (5,250 acres) of strategic lands, established resources and prospective exploration potential in the Bullfrog Mining District located 4 miles west of Beatty, Nevada (200 km northwest of Las Vegas, Nevada). The Bullfrog and surrounding area are in one of the most prolific gold exploration regions in North America that includes significant activities by neighboring AngloGold, Kinross Gold, Coeur Mining and Corvus Gold. The Company has commanding land and resource positions in the Bullfrog mine area and obtained Barrick Bullfrog Inc.’s large data base, including detailed information on 250,000 meters (155 miles) of drilling in the area. Key Points Drilling continued to intercept thick intervals of gold mineralization in the Mystery Hill (MH) deposit, including 46 meters averaging 0.30 g gold/t and 24 m of 0.35 g/t. Another hole intersected 14 m at 2.42 g/t in the main Bullfrog vein, including 6 m at 4.89 g/t starting at a depth of 42 m. Most of the thicker, lower grade intercepts are not within previous estimates of measured and indicated resources. The new holes now provide much closer hole spacings to support potential increases in resources in higher classifications. A column leach test of a MH bulk sample that contained 0.34 g/t also achieved a 91% gold reco

OPINIONISTA: The Mandela Rhodes Foundation could remain as a symbol of the magnanimous spirit in which it was founded

...he cover-up in the ensuing police investigation - is still raw 27 years later. Mandela’s appearance in 1993 alongside Stephen’s parents - Doreen and Neville Lawrence - reignited the troubled police investigation. Also hurtful and insulting to black Britons was the wrongful detention, deportation and denial of British citizenship, and legal rights to many members of the Caribbean community who came to Britain nearly 50 years ago on the HMS Windrush. But the problem with the desecration of graves and toppling of statues is that such actions seldom solve the underlying social problem that precipitated them. Internal conflict in populist movements often retard the transformation of attitudes and real progress towards racial equality. As Graca Machel, Mandela’s widow and widow of the revolutionary Mozambican leader, Samora Machel, put it in a recent BBC interview: "It is more positive to keep statues in place so that future generations can learn about history, she said, adding that tearing down statues "would not resolve the ills of the past. "What is important is to look at the history of what it is that brought us to the situation we are in, she said, adding that future generations could then be told how it (apartheid and colonialism), all started and how it should never have happened. This is not a popular view among activists in the UK. Campaigners in the UK have identified some 80 statues, memorials, plaques, names of buildings, pubs, schools and parks that they want removed because of their association with slavery and colonialism. Following the recent dunking of the Colston statue in Bristol, the statue of Winston Churchill was defaced by protesters and the statues of Gandhi and Mandela had to be encased in wooden boxes, and guarded by police when right-wing protests clashed with police in Parliament Square. But protest draws attention to a cause which can lead to remedial action and puncture the comfort zones of the ruling class which, in turn, changes a

The state of measurement & reporting for local procurement in mining in Africa

Extractives The state of measurement & reporting for local procurement in mining in Africa Students train at the training school run by Glencore, an Anglo-Swiss multinational commodity trading and mining company, at Mopani Mines on July 6, 2016 in Mufulira, Zambia. Image: Getty, Per-Anders Pettersson Governments in Africa are increasing local content regulations on mining that encourage or require local procurement of goods and services by investing companies. Summary: Pressure on African governments to demonstrate positive economic benefits from mining activity continues to grow. One of the most important dimensions of this is the effort to increase backward linkages from mining activity to host economies - that is, the procurement of goods and services. Expanding backward linkages is a major focus of the African Mining Vision. With each new change to mining legislation on the continent, governments are increasingly intervening in this issue, with regulations encouraging, incentivising or outright requiring procurement of goods and services from domestic suppliers. Not every dollar spent on ‘local’ procurement is the same. While many mine sites state that as much as 90% of their total procurement spending goes to national suppliers, much of this spending goes to imported goods being resold by local suppliers, or services carried out by nationally registered offices of international firms. If the goal of local content policy is to create meaningful economic growth, employment and tax revenue, we need to look beyond the total spend figures provided by companies and break them down into meaningful categories that represent different levels of local participation and value addition. While local content laws requiring local procurement by mining companies multiply, current regulations are not necessarily encouraging the right kind of backward linkages. In order for governments to make the right kind of policy interventions and investments in infrastructure that supp

Bullfrog Gold Receives Assays on 5 More Holes at Its Project in the Bullfrog Mining District of Nevada, Including 14 Meters

Mining Bullfrog Gold Receives Assays on 5 More Holes at Its Project in the Bullfrog Mining District of Nevada, Including 14 Meters of 2.42 g gold/t and 46 Meters of 0.30 g/t GRAND JUNCTION, Colo., July 07, 2020 (GLOBE NEWSWIRE) - via NetworkWire - Bullfrog Gold Corp. (BFGC:OTCQB; BFG:CSE; 11B:FSE) ("Bullfrog, "BFGC or the "Company) today announced assay results from five more of the 25 holes recently drilled at its Bullfrog Project ("Project). The Project comprises 2,125 hectares (5,250 acres) of strategic lands, established resources and prospective exploration potential in the Bullfrog Mining District located 4 miles west of Beatty, Nevada (200 km northwest of Las Vegas, Nevada). The Bullfrog and surrounding area are in one of the most prolific gold exploration regions in North America that includes significant activities by neighboring AngloGold, Kinross Gold, Coeur Mining and Corvus Gold. The Company has commanding land and resource positions in the Bullfrog mine area and obtained Barrick Bullfrog Inc.’s large data base, including detailed information on 250,000 meters (155 miles) of drilling in the area. Key Points Drilling continued to intercept thick intervals of gold mineralization in the Mystery Hill (MH) deposit, including 46 meters averaging 0.30 g gold/t and 24 m of 0.35 g/t. Another hole intersected 14 m at 2.42 g/t in the main Bullfrog vein, including 6 m at 4.89 g/t starting at a depth of 42 m. Most of the thicker, lower grade intercepts are not within previous estimates of measured and indicated resources. The new holes now provide much closer hole spacings to support potential increases in resources in higher classifications. A column leach test of a MH bulk sample that contained 0.34 g/t also achieved a 91% gold recovery from a very fine size compared to two Bullfrog bulk samples that averaged 1.2 g/t and recovered 83% at the same fine size. Assays coming in the next two weeks include 3 holes in the Montgomery-Shoshone (MS) deposit, 1 hole in the MH deposit and

Vodacom Tanzania: Send money to Tanzania from anywhere around the World

Vodacom Tanzania: Send money to Tanzania from anywhere around the World World July 7, 2020 admin Over 200 countries can send and receive money via Vodacom’s Tanzania M-Pesa. The mobile Money services continues to drive economic growth and financial inclusion... Over 200 countries can send and receive money via Vodacom’s Tanzania M-Pesa. The mobile Money services continues to drive economic growth and financial inclusion in Africa. Tanzania - EQS Newswire - 7 July 2020 - Tanzania’s leading mobile money service provider - Vodacom M-Pesa - has announced the expansion of its International Money Transfer service portfolio. Vodacom customers will now have the option and ability to easily transfer and receive funds from individuals across more than 200 countries worldwide. This was said recently at an international day of family remittances event held in Dar es Salaam where stakeholders met to deliberate on the future of International Remittance post COVID 19. Speaking during a panel discussion on the same, Assistant Manager, Oversight and Policy at Directorate of National Payment Systems from Bank of Tanzania (BOT) Albert Cezari said the national bank has increased limits on digital transactions and reviewed balances of mobile wallets in a bid to provide relief and ensure continuity of services as part of measures taken amidst COVID-19. On his part, Vodacom Tanzania PLC Managing Director Mr. Hisham Hendi, said that international remittances make possible people and small businesses to stay connected irrespective of geography. He further pointed out that international remittances continue to transform the lives of thousands of Tanzanians through facilitating payments in education, health, and various business segments which is why Vodacom M-Pesa has aimed to continue providing a platform for Tanzanian diaspora to effectively participate in socio-economic activities which will contribute to the overall development of the country. "We pride ourselves for being enablers

Raising liquidity: "Selling the crown jewels" - COVER Magazine

Raising liquidity: "Selling the crown jewels July 7, 2020 By: Riaan Campbell, Advisory Partner, Citadel Wealth is created over a person’s lifetime through savings, business, careers, real estate, and stock market investments. The build-up of wealth is closely linked to the accumulation of lifestyle assets such as homes and holiday homes, as well as items such as cars, art, jewellery, gold coins, and other collectables. Once, however, the wealth creation cycle is completed (usually at retirement age), we turn from being accumulators to consumers, and the need for income and liquidity becomes a priority. So just how does a portfolio generate enough cash, and what kind of investment strategies do we need to implement to make sure we can always pay our monthly bills? Bridging a shortfall in income Every now and again, a well-planned and diversified portfolio of dividend-paying shares, property, and fixed-income investments disappoints due to unexpected market disruptions. When an investment strategy focused on generating income for living expenses fails to create the yields needed, it is necessary to look at liquidating some of your capital assets. But selling assets requires careful planning and market expertise to ensure you are selling the right assets, for the right reasons, and for the best returns. It is important to understand exactly why you are selling, and what you hope to achieve. Here are some points to consider before deciding which assets to liquidate: 1. Investing "out Conversations on investing usually focus on where to invest or what to invest in. Advice is freely available on where to put your money for the long-term, and there is no better conversation-starter than a great share, property or currency gain. But rarely do we hear about an investment you should "sell out of due to exceptional gains being made. The reasons an investor might sell out of an investment include capital growth having exceeded expectations, high valuations, or an investment representing an o

Soleimani's killing violated international law: UN Special Rapporteur - Breaking news, special reports, world, business, spo

7 July 2020, 9:20 AM | Sherwin Bryce-Pease | @SABCNews Image: Reuters The US killed Soleimani, leader of the Revolutionary Guards' Quds Force, with a drone strike in Iraq on January 3. An independent United Nations expert has determined that the United States drone strike that killed a top Iranian Commander in Iraq in January this year represented a violation of international law. The United States killed Soleimani, leader of the Revolutionary Guards' Quds Force, with a drone strike in Iraq on January 3. Washington accused Soleimani of masterminding attacks by Iranian-aligned militias on US forces in the region. This is according to the Special Rapporteur on Extrajudicial, Summary or Arbitrary Executions Agnes Callamard who will present her findings to the Human Rights Council on Thursday into the killing of Revolutionary Guard Commander Qassem Soleimani. Callamard's report finds that the attack of the Quds Force Commander represented a violation of the UN Charter, in which she called for greater accountability for targeted killing by armed drones and for greater regulation of the weapons' use. She also found that the US failed to provide sufficient evidence of an ongoing or imminent attack against its interests that could justify the strike on a convoy carrying Soleimani as it left Baghdad airport on January 3. Special Rapporteurs are appointed by the Geneva-based UN Council but work independently of the organisation. Member states then determine a course of action based on the report. The US had accused the Commander of orchestrating attacks against its interests in the region. Iran has issued an arrest warrant for US President Donald Trump and 35 others over the killing and has asked Interpol to assist, at least according to reports in Iran. Iran issues arrest warrant for Trump Last month, Iran issued an arrest warrant for US President Donald Trump and 35 others over the killing of top general Qassem Soleimani and has asked Interpol for help, Tehran prosecutor Ali Alqasimehr. Alqasimehr

How remote working has evolved so many aspects of doing business

How remote working has evolved so many aspects of doing business 7 July 2020 12:07 PM Sponsored Share This: 702's Technology Analyst Aki Anastasiou recently lead a webinar into new thinking around doing business remotely. 702’s Aki Anastasiou was joined by Vox CEO, Jacques du Toit, GIBS Professional Associate and founder of Better Me Coaching, Thuli Segalo and Professor Renata Schoeman, psychiatrist, and head of the MBA in Healthcare Leadership at the University of Stellenbosch Business School to assess our "new normal" of remote working. Remote working is shaping the future of work, forever. In the age of the Covid-19 pandemic, technology has overhauled the way we work. Its transformative impact on the modern workplace has not just freed the workforce from the confines of a traditional office - it has expedited access to work while drastically increasing productivity, making remote working easier than it has ever been. The outbreak of Covid-19 has not only resulted in an abrupt disruption of trade, it forced businesses that lacked the adequate hardware and ability to provide support to a workforce working from home, to adjust their remote work policies, overnight. In the rush to give employees access to the tools that they needed for remote working - Vox Telecom's Hardware as a Service (HaaS) solution enabled businesses to outsource their IT Hardware through short-term asset rentals, together with remote support and security patching. We were all unsure how to adapt to this new normal, very scared of what the future was holding and, two weeks down the line I could just see everybody in Vox pulling together, taking on responsibility - saying right, where can I help. Jacques du Toit, Chief Executive Officer - Vox Telecoms Is remote work good for productivity? While this new way of working brought with it legitimate concerns around productivity levels - when the dust settled, business leaders quickly realised that remote working produced a more productive workforce and that the pos

Rhodes University welcomes returning students amid COVID-19 - Breaking news, special reports, world, business, sport coverag

Rhodes University welcomes returning students amid COVID-19 7 July 2020, 9:00 AM | Olwethu Matsipane | @SABCNews Image: RHODES UNIVERSITY Rhodes University says says it has conducted all the necessary training to ensure the health and safety of students during this time. Rhodes University in the Eastern Cape has welcomed the institution's first group of returning students after months of no schooling on campus due to COVID-19. The first group comprises of senior science and pharmacy students, those with disabilities and whose home environments are not conducive to quality learning. The institution says it has conducted all the necessary training to ensure the health and safety of the students amid the pandemic that has rocked the world. More than 200 000 South Africans have contracted COVID-19 and 3 310 others have succumbed to illnesses related to the disease. Rhodes Director of Communications Luzuko Jacobs says, "It has been quite a serious balancing act by the University to get to this point. On the one hand, we had to consider the health and safety of students and staff, and our surrounding community in Makhanda. But on the other hand, we had to consider the academic programme and the future of our students and livelihoods. "Our decisions were always guided by the three-pronged theme of the Department of Higher Education & Training - save lives, save the academic year and maximise opportunities for student success, added Jacobs. Jacobs says students who, by their conduct, place the well-being of others at risk may face exclusion from Rhodes University or from residences. "Each one of us has a serious responsibility towards all those with whom we share spaces and facilities. Careless and reckless conduct will attract immediate reaction and stern consequences, he concludes. Rhodes University welcomes first group of returning students since COVID-19 lockdown https://t.co/AkNfc2s7GX - Rhodes University (@Rhodes_Uni) July 6, 2020 In April, the university launched an online orientati

Johnny Depp takes on UK tabloid in court battle over 'wife beater' claims - Breaking news, special reports, world, business,

7 July 2020, 11:22 AM | Reuters | @SABCNews Image: Reuters The "Pirates of the Caribbean" star is suing the Sun's publisher, News Group Newspapers, and its executive editor, Dan Wootton. Johnny Depp begins legal action against a British tabloid on Tuesday in a case that is likely to delve into the private lives of the Hollywood star, his ex-wife actress Amber Heard and a number of other well-known figures. Depp, the 57-year-old star of the "Pirates of the Caribbean films, is suing the Sun's publisher, News Group Newspapers, and its executive editor, Dan Wootton, for libel over an article Wootton wrote in 2018 calling him a "wife beater. The case, which will be heard at London's High Court, is set to last for three weeks, and both actors are expected to give evidence. The couple met on the set of the 2011 film "The Rum Diary and married in February 2015. But she filed for divorce after just 15 months and days later obtained a restraining order against him. She has accused him of physical abuse during the relationship, allegations he denies. Their divorce was finalised in 2017 when the restraining order was dismissed and Depp agreed to pay her a previously announced sum of $7 million. Last week, the Sun failed in a bid to have the libel case thrown out despite the judge concluding that Depp had not fully complied with a court order by not supplying details of mobile phone texts to his assistant, which the paper's legal team said referred to obtaining drugs for the actor. The judge, Andrew Nicol, has also ruled that Heard, who is expected to attend the trial, can be in court to hear her ex-husband testify. In his judgments, Nicol has said the Sun would rely on witness statements from Heard and others, arguing that its stories were true. "In those articles, it is said, the Defendants accused the Claimant of multiple acts of physical violence against Ms Heard, some of which, it is alleged the articles said, put Ms Heard in fear of her life, Nicol said. This entry was posted on 07 Jul 2020,11:22

SA's consumer confidence slumps to all time low - Breaking news, special reports, world, business, sport coverage of all Sou

Lindiwe Mabena Lindiwe Mabena 7 July 2020, 1:13 PM | SABC Radio | @SABCNews The survey was conducted in the first two weeks of June, when most retail outlets were open. South Africa’s consumer confidence has slumped to minus-33 points in the second quarter compared to minus-nine points in the first quarter. This dismal reading is only three points away from the all-time lowest consumer confidence level of minus-36 recorded in 1985. The low consumer confidence is mainly the result of the COVID-19 pandemic and the lockdown that has affected trade in the country. However, South Africa’s economy was already in recession before the coronavirus outbreak hit the country in March, with its recession deepening in the first quarter of 2020, dragged down by declining mining and manufacturing activities. The consumer confidence index is compiled by the Bureau for Economic Research. The survey was conducted in the first two weeks of June, when most retail outlets were open as the country had shifted from Alert Level 4 to Level 3. Ahead of the data release, some economists predicted it would take into account the impact of the nationwide lockdown aimed at stemming the spread of the COVID-19 pandemic. This entry was posted on 07 Jul 2020,01:13PM at 1:13 PM and is filed under Coronavirus , Business . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Business Analyst: Finance Systems

Business Analyst: Finance Systems Relevant financial Degree with Accountancy as major will be required. Qualification in Business Analytics will be beneficial. Experience: 3+ years in a business analysis role, preferably around finance systems, and ideally SAP S/4 HANA. Proficiency in the General Ledger Accounting capability with immediate focus on bank reconciliations. Finance project experience will be advantageous. Role/Responsibilities: The company cluster is responsible for the company retail business in South Africa. Provides clients across different market segments (entry-level, middle-income, affluent, professional market and business owners) with a comprehensive range of appropriate and competitive financial solutions. The company has embarked on thecompany programmed to replace the current General Ledger system and supporting modules with SAP S 4 HANA. In order to ensure that the design during the project phase of the new finance solution (SAP S/4 HANA), as well as the ongoing maintenance and enhancements after go live, meets the company needs, the organization requires the appointment of Business Analysts. The primary focus of the Business Analyst role will be to engage and facilitate integration between business and IT; gather requirements for change and guide these through the company. It will encompass analysis and specification of business requirements; supporting training material updates / development; supporting test case definition / updates; and supporting the deployment of new and updated processes. Ultimately, the role will be instrumental in determining how SAP (and supporting technologies) will be updated and deployed to deliver a streamlined, efficient, user-friendly process for business users and other impacted stakeholders. This includes playing a key role in enabling the change; acting as the bridge between the SAP S/4HANA system and business users; and ensuring that the standard SAP processes match business requirements. The key responsibilities of the role inc

Unions at SAA engage with Public Enterprises on proposed retrenchments - Breaking news, special reports, world, business, sp

Unions at SAA engage with Public Enterprises on proposed retrenchments 7 July 2020, 9:54 AM | Amina Accram | @SABCNews Image: Reuters Numsa, Sacca and the SAA Pilots Association rejected severance packages offered to SAA employees. Unions at South African Airways (SAA) say they are currently engaging with the Department of Public Enterprise (DPE) regarding proposed retrenchments and severance packages for employees. The National Union of Metal Workers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca) say they are engaging on the way forward for SAA. Numsa, Sacca and the SAA Pilots Association rejected severance packages that the Business Rescue Practitioners (BRPs) offered SAA employees. On Monday, the government called on all unions at SAA to convene their own bilateral engagements on the proposed retrenchments at the airline. The department says it is not in a position to accede to the unions’ demands for further benefits. The unions say they will be attending a meeting between the BRPs and creditors, which is scheduled to take place next week Tuesday and hope this will shed more light on the way forward. The DPE says it has made it clear to all the unions that R2.2 billion has been budgeted for the voluntary severance package and is the best that can be made available. However, concerns raised by the three major unions centers on the number of people to be retrenched and the value per employee on the proposed packages. The voluntary severance package includes one week calculated per year of completed service, one-month notice pay, accumulated leave paid out, a 13th cheque and a top-up of severance packages calculated on a back-dated 5.9% wage increase. In the video below, SAA business rescuing plan to cost R10 billion: Lasy week, the Department of Public Enterprises withdrew from the Leadership Consultative Forum that was established to facilitate employee engagement to develop a business and operating model for a restructured SAA. In a statement, th

Bill Gates-backed company to hunt for cobalt near Glencore mine

Bill Gates-backed company to hunt for cobalt near Glencore mine 7th July 2020 BY: Bloomberg A startup backed by a group of tycoons including Bill Gates plans to use data-crunching algorithms to search for cobalt near a Canadian nickel mine owned by Glencore. Kobold Metals has acquired rights to an area of about 1 000 km2 -- roughly the size of New York City -- in northern Quebec, according to CEO Kurt House. It’s the first such foray by the company to become public. Advertisement San Francisco Bay Area-based Kobold Metals is hoping to use data analytics to build a "Google Maps for the earth’s crust. The company is betting it can find metals crucial to the electric-vehicle revolution, such as cobalt, that so far have eluded more traditionally-minded geologists. House said the company’s exploration activities at the site in Quebec could help prove the value of its approach. Advertisement "The subtleties in the geophysical signals are really only evident when you have all of the data and can evaluate it in a systematic, statistically rigorous way, he said. "It’s just too much for the human brain to handle. He said that the company was likely to start collecting geophysical data in the next three to six months, and could start drilling in a couple of years. The area, just south of Glencore’s Raglan nickel mine, is "highly prospective for cobalt, nickel and platinum-group metals, House said. Shareholders of Kobold Metals include Silicon Valley venture capital firm Andreessen Horowitz, Norwegian oil major Equinor and Breakthrough Energy Ventures, a fund backed by Gates and a dozen other tycoons including Jeff Bezos, Ray Dalio and Michael Bloomberg, owner of Bloomberg, the parent company of Bloomberg News. House said exploration in Quebec was one of a number of activities that Kobold Metals was pursuing, including forging partnerships with mining companies to help identify ways to expand their existing resources. EDITED BY: Bloomberg

The United Front for School Governing Bodies closes schools in Ekurhuleni North and Gauteng Districts - Breaking news, speci

The United Front for School Governing Bodies closes schools in Ekurhuleni North and Gauteng Districts 7 July 2020, 6:52 AM | SABC Digital News | @SABCNews Image: Twitter@Lesufi Grade 6 and 11 learners returned to school on Monday. The United Front for School Governing Bodies (UF4SGBs) has taken a decision to close schools in Ekurhuleni North and Gauteng districts until September 7. In a statement, UF4SGBs says since the reopening of schools they have observed that the pandemic has gained momentum and a number of schools have been negatively impacted by COVID-19 cases that continue to increase, especially because July is the coldest month of the winter season. "It is in that context that we have section 15 of the SASA Act 84 of 1996 which clearly states SGBs of a public school is a jurist person and has the legal capacity to sue and be sued. Most of the non-negotiables have been partially met. School Governing Body association is demanding for amongst other things for proper scanners and well-trained brigades, and more teachers and classrooms. Motshekga was lax The National Teachers' Union (NATU) says Basic Education Minister, Angie Motshekga was lax in her detail of how the department intends to increase the number of teachers at schools, as more grades resumed learning on Monday. Natu President Allen Thompson says as more grades are being phased in more teachers will be needed as class sizes will be reduced. He adds that there is also bound to be a shortage of teachers as those with comorbidities have been urged to remain at home. In the video below, Basic Education Minister Angie Motshekga announces the return of Grade R, 6 and 11 learners:

Media24 considers cutting more than 500 jobs - Breaking news, special reports, world, business, sport coverage of all South

Media24 considers cutting more than 500 jobs 7 July 2020, 11:51 AM | Sashin Naidoo | @tshepimoche Image: Twitter Media24 announced on Tuesday that it was considering the closure of a number of magazines and newspapers. Five hundred and ten Media24 workers are likely to lose their jobs as the company considers downsizing, due to the impact of the COVID-19 pandemic. In a statement, Media24 says it is considering closing five magazines and two newspapers. It is also contemplating outsourcing and reducing the frequency of its remaining monthly magazines due to a drastic drop in sales since the start of the lockdown. The media group also intends to move two newspapers to the digital platform. The company’s CEO Ishmet Davidson says they will start consultations with staff on Tuesday. "Quite frankly, the action that we [are] taking, as drastic as it is, there is a possibility of 510 people losing their jobs. But if we don’t take this drastic action the chances are we may not have a business left. So this is all about ensuring the sustainability of Media24 and also ensuring that we deliver high quality, independent journalism, adds Davidson. Below is the Media24 press statement: Media24 Release 0707 Final (Text) SABC announces possible retrenchments The news comes as various companies cut jobs and in other cases salaries amid a financial strain compounded by the pandemic. Last week, the South African Broadcasting Corporation (SABC) announced possible staff retrenchments. At a meeting with management, organised labour and representatives of non-unionised employees were given a notice of the retrenchment process under Section 189(3) of the Labour Relations Act.. The SABC says cutting down staff members will help the public broadcaster stay afloat. Approximately permanent 600 employees will be affected, including senior management. In the video below, BEMAWU reacts to possible SABC job cuts: This entry was posted on 07 Jul 2020,11:51AM at 11:51 AM and is filed under Coronavirus ,

RMB HOLDINGS LIMITED - Changes to directorate - SENS

Mr Murphy Morobe (Lead independent) Mr James Teeger No other changes to board subcommittees are currently envisaged. FUTURE CHANGES Further to this announcement, Mr Peter Cooper confirmed that he would not be available for re-election at the upcoming annual general meeting in December 2020. IN CLOSING RMH would like to thank all these directors for the valuable contributions made whilst serving on the board of RMH. A special word of gratitude is extended to two of the founders of RMH, Mr Laurie Dippenaar and Mr Paul Harris who have served on the board for 32 years. These changes will not impact on the constitution of the board of RMH's sister company, Rand Merchant Investment Holdings Limited. Sandton RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07-07-2020 12:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Gauteng's COVID-19 cases expected to exceed the Western Cape's cases soon - Breaking news, special reports, world, business,

7 July 2020, 12:05 PM | Mercedes Besent | @tshepimoche Image: REUTERS On Monday, the country breached the 200 000 mark, recording a cumulative total of 205 721 confirmed cases. The Western Cape now only has about four-thousand more confirmed coronavirus cases than Gauteng. This comes as health experts predict that Gauteng could soon become the COVID-19 epicentre again, as the province continues to see a rapid increase in new infections recorded daily. According to the latest national figures, Gauteng's total confirmed cases now stand at 66 891 after recording three thousand 487 new infections overnight. The Western Cape's total recorded cases are 70 938. Gauteng could possibly become the COVID-19 epicentre in the next day or two, if it continues to record two to three times more daily new infections than the Western Cape. By Friday evening, Gauteng had 12 605 less confirmed cases than the Western Cape. By Saturday evening, it had 9 003 less confirmed cases than the current epicentre. On Sunday evening, it had recorded 6 127 less total confirmed cases than the Western Cape. Now the latest daily national figures reflect that Gauteng has 4 047 less confirmed cases than the epicentre. - Dr Zweli Mkhize (@DrZweliMkhize) July 6, 2020 Gauteng Health MEC expects the province's COVID-19 cases to surpass the Western Cape figures: Meanwhile, the alarming rise in numbers of COVID-19 infections in Gauteng has opened up thoughts on whether the province should introduce an intermittent lockdown or continue with the current regulations. Gauteng Premier David Makhura and the Health Department in the province have been cautioning of a rapid increase in infections with certain townships becoming new hotspots. Click on the document below to read about Monday statistics:

Classic Business - Fine Music Radio

Fine Music Radio . Genre: What can you expect to hear? Classic Business explores a range of pillar topics that underpin the South African economy and pervade our lives on a daily basis, from retirement, competitiveness and innovation to the digital economy, the law, tax, philanthropy and sustainability, there is something for the discerning listener to tune into daily. When: Monday - 5:30 pm - 7:00 pm Tuesday - 5:30 pm - 7:00 pm Wednesday - 5:30 pm - 7:00 pm Thursday - 5:30 pm - 7:00 pm Friday - 5:30 pm - 6:00 pm Playlists

Ray Dalio: Capital Markets No Longer Function as Free Markets, Central Banks Have Taken over

Ray Dalio: Capital Markets No Longer Function as Free Markets, Central Banks Have Taken over Taps Coogan - July 7th, 2020 Enjoy The Sounding Line? Click here to subscribe Ray Dalio, co-chairman and founder of Bridgewater Associates , the world’s largest hedge fund, recently spoke with Bloomberg’s Erik Schatzker about his view that we are entering a new world order in which central banks have supplanted free-market principles and have become the primary drivers of capital markets. In a wide ranging interview, he warns that the Fed is going to continue to "explode its balance sheet, that the best historical analogue for this period may be the 1930s and 1940s, that the dollar may lose its reserve currency status, and that assets like stocks and gold may be the only way to preserve capital. Enjoy the interview above for a sobering view into where we may be headed. Would you like to be notified when we publish a new article on The Sounding Line? Click here to subscribe for free . Source: thesoundingline.com

Launching a new business in the time of corona

Home Business Launching a new business in the time of corona Launching a new business in the time of corona July 7, 2020 Launching a new business in the time of corona Culture is the bottom line Johannesburg, 7 July20 - Despite the uncertainty, business closures and economic decline caused by the COVID-19 pandemic, Ian Fuhr, founder of the Sorbet Group, has launched The Hatch Institute ? a personal and business leadership coaching company focused on creating a new breed of culture-driven leaders: leaders with moral authority who can navigate the complex and volatile socio-political South African landscape. Fuhr saw an opportunity to launch a new coaching business whose unique purpose is to stem the tide of systemic racism that continues to undermine South African businesses, preventing them from building a truly inclusive economy. "While the pandemic delayed the launch of the Hatch Institute, the result is that we are now entering the market at a critical time for race relations in this country, says Fuhr. "COVID-19 seems to have sparked a whole new debate on the racial inequalities that exist in South Africa. However, while many shy away from it, we have no interest in avoiding the race conversation. "After four decades of building businesses, I believe now more than ever that racism and racial polarisation lie at the heart of our failing economy, struggling businesses and poor customer service. If our business leaders can learn the philosophy and framework of putting people before profits, we will see a rising tide that uplifts our entire economy, says Fuhr. Four decades of business lessons When Fuhr opened his first business with his brother in 1976, just two weeks after the Soweto Uprisings, politics were not left at the door. K-Mart was a retail store that catered to the black community and employed black people. Fuhr soon realised that instead of trying to embed his staff into his culture, he needed to earn the right to be included into theirs. It was a powerful lesson that has shape

Schools can't be closed forever: Health Minister Zweli Mkhize - Breaking news, special reports, world, business, sport cover

7 July 2020, 11:30 AM | SABC | @SABCNews Image: @ZweliMkhize Minister Mkhize says numbers are going to keep increasing and South Africa is going to have COVID-19 till next year. Health Minister Dr Zweli Mkhize says although there is an increasing number of learners getting infected with COVID-19, schools cannot close forever. Mkhize says South Africans have to learn to coexist with the virus. "The numbers are going to keep increasing and we're gonna have COVID-19 till the end of the year, next year there will still be COVID-19, so it is not possible to keep the schools closed all the time. There has to be effort to try and return to normality within the restricted conduct of communities who know they have to battle and coexist with a pandemic which is troubling everybody in the whole world, says Mkhize. There have been calls for closure of schools amid the rising number of infections. A number of schools countrywide have also had to close due to positive COVID-19 cases among learners and educators since the schools reopened last month after three months of closure due to the national lockdown. In the video below, Education Minister Angie Motshekga announces the return to class of more learners: On Monday, Basic Education Minister Angie Motshekga said she was concerned that drop-out rates will spike this year. Motshekga says while they have put a lot of work into curbing the number of children who drop out of school over the years, this year may reverse the gains made. The COVID-19 pandemic has resulted in thousands of schools remaining closed. Motshekga was visiting schools as part of her oversight on the first day back for Grades R, 6 and 11. "We've been fighting throughout the system to manage drop out rates, this is going to present them to us, go to Boulders you will see these kids with tins jiving all over the place. For them to go back to school is going to be a major challenge, we have a threat of unintended pregnancies, juvenile delinquency. Education expert at the University of Kw

ANGRY BUSINESS PEOPLE WANT THEIR PIECE OF PIE

ANGRY BUSINESS PEOPLE WANT THEIR PIECE OF PIE Mbali Dlungwana Email Comments Soldiers and police came to move away unhappy business people who were blocking Department of education offices in Pinetown west of Durban. Photo by Jabulani LangaPhoto by . UNHAPPY business people in Durban said they want to know what processes the KZN Department of Education has been using to award tenders. They woke up in the early hours this morning and stood outside the department’s Pinetown district offices to enquire about tenders to deliver PPEs to schools around Durban. Apparently, they have protesting and demanding answers since last week. But until today they haven’t been given an explanation. Instead of giving them answers, the department sent soldiers to chase them away from the offices. One of the business people told Daily Sun they were concerned the department wasn’t following the correct procedures in awarding tenders. "They are giving the tenders to the same people who are also not doing a good job, she said. Another one said this was unfair because there were many people who deserved to be given the tenders, but they were not. "We want the department to explain to us. Maybe we will understand, he said. Department spokesman Muzi Mahlambi said: "There is no one who will speak to them. That someone will be flaunting the Public Finance Management Act in terms of procurement. Mahlambi said there was an advert that called for anyone who wanted to bid for a tender to do so and more than 600 entities applied. He said due processes were followed and the awarding was done. "Everything was done above board. As business people, they know that if one has a dispute how that is handled, said Mahlambi. Facebook

Tap Into Existing Markets for the Best Investment - Northern KZN

Uncategorized Tap Into Existing Markets for the Best Investment Coming up with "next big thing in the business world can be a challenge, especially if you are looking to turn that idea into a business. 1 day ago Most ideas for a new business have been done before, and even if you think your idea is unique, it can be very difficult to break into a new market. While turning your brainwave into an operational business can seem like a lofty goal, it’s unlikely to provide real returns quickly, and can prove to be more work than is justified by the potential reward. If you are looking to invest your hard-earned money into a successful business venture, tapping into an existing market is likely to be your best bet. This is especially true for the nail and beauty industry, one in which millions of people have invested across the globe over the years. There is a lot to be said for investing in a well-established market, which has proven successful, and which continues to provide returns for investors year-on-year. Although it could be considered to be a mature market, there are still numerous opportunities for both investment and growth. View Tammy Taylor Franchise Opportunities In South Africa particularly, the nail and beauty industry represents an attractive investment opportunity for those wanting to start their own business. There are many formats to consider, with chief amongst them being the franchise model, especially if a proven track record in a specific niche is important. The franchise model is beneficial for those looking to realise returns quickly, particularly for business owners who want the security of a business model that works. There are many advantages to this investment avenue, and one of the more obvious ones is the many years of expertise and effort placed into researching the industry by those who already have operational businesses in the market. 0312050214 The beauty industry can be fickle, but investing in a franchise network that has already proven itself in t

Intensifying the war on COVID-19 will be the best tribute to Kegakilwe: ANC - Breaking news, special reports, world, busines

Intensifying the war on COVID-19 will be the best tribute to Kegakilwe: ANC 7 July 2020, 11:20 AM | SABC Digital News | @SABCNews Image: Twitter@CapeTownEtc The ANC described Gordon Kegakilwe as a hardworking servant of the people. The African National Congress (ANC) says the best tribute members can pay to North West Cooperative Governance, Human Settlements and Traditional Affairs MEC Gordon Kegakilwe is to intensify the war on COVID-19 by encouraging all South Africans to adhere to health safety protocols. Kegakilwe died in hospital on Monday afternoo n after testing positive for the coronavirus last week. In a statement, the ANC paid homage to Kegakilwe, describing him as a hardworking servant of the people who was selflessly committed to the notion of building a better life for all. "We convey our heartfelt condolences to Kegakilwe's family, the entire membership of the ANC and the people of the North West. May his soul Rest in Peace. The late MEC previously served the governing party in various capacities, including as the North West Provincial Deputy Secretary and as Regional Chairperson of Dr Ruth Segomotsi Mompati. Kegakilwe was currently serving in the Interim Provincial Committee established by the National Executive Committee to rebuild ANC structures in the North West. #COSATU conveys its heartfelt condolences to the family, relatives, colleagues and comrades of MEC #GordonKegakilwe , who is no more. May his soul Rest In Peace @COVID_19_ZA @motswedingfm @_cosatu @ParliamentofRSA

Massmart looks to cut 1,800 jobs at Game stores

Massmart looks to cut 1,800 jobs at Game stores By Karl Gernetzky - 07 July 2020 Game is a subsidiary of Massmart. Image: FINANCIAL MAIL Walmart-owned retailer Massmart says up to 1,800 jobs may be cut at its Game stores in SA as its begins formal consultations with organised labour. In January, the group announced it may cut 1,440 employees across 34 DionWired and Masscash stores, as it battled a recessionary economy that resulted in consumers cutting back on non-essential items, such as television sets. At the end of December Massmart had about 51,000 full-time employees, at 443 stores. That included just under 12,000 employees in its Massdiscounters division, which had 173 Game and Dion Wired stores. Massmart announced a turnaround plan in January, and said in June the effects of Covid-19 had accelerated the plan. The restructuring will reorganise its four divisions into two. Massmart Retail will comprise the Builders, Game, DionWired and Cambridge Food trading brands. Massmart Wholesale will take in Makro, Shield and the group's wholesale cash brands. Massmart said in June that the Covid-19 health crisis had disrupted trading. Total sales for the 23 weeks ended June 7 fell 10.3% year on year.

Blue Label Telecoms expects improved earnings

Blue Label Telecoms expects improved earnings Jul 7, 2020 Blue Label Telecoms has published an initial trading statement for the year ended 31 May 2020, alerting shareholders that basic, headline and core headline earnings per share are expected to increase by more than 20% in comparison to the previous year, when a loss was reported. According to the statement, the predominant negative contributions to the May 2019 basic, headline and core headline earnings per share were attributable to: * Cell C's trading losses, impairment of its property, plant and equipment, the impact of a derecognition of its deferred tax asset and the consequent impairment of Blue Label's total investment therein. * Fair value downward adjustments of the complete exposure relating to SPV1 and SPV2 (the structure of which was detailed in the trading statement published on SENS on 22 February 2019). * A fair value downward adjustment of Glocell Distribution, attributable to the impact of unfavourable wholesale trading conditions therein. * An impairment of Blue Label's total investment in the Oxigen India group, including 2Dfine Holdings Mauritius, as well as providing for loan impairments and guarantees payable thereon. * Partial impairments of goodwill relating to Viamedia and Blue Label Connect and a partial impairment of the investment in the SupaPesa joint venture. These factors are the primary contributors to the expected growth in earnings for the year ended 31 May 2020, according to the trading statement. They will, however, be offset by a negative impact on the closure of the WiConnect retail stores as a result of perpetuating losses incurred on a monthly basis. In addition, exposure to the Edcon group amounting to R49-million has been provided for in full. Of this amount, R21-million relates to the retail stores. The Blue Label Group however, generated positive cash flows from its trading operations for the year ended 31 May 2020. This, together with the proceeds received from the disposals of the 3G hands

Business Eye - Many go hungry despite secure food production

Business Eye - Many go hungry despite secure food production 20:47 Mon, 06 Jul 2020 We often make the mistake of only focusing on the business sector when looking at the impact of Covid-19 over the past three months. Dr Chantell Witten, from the Division of Health Professions Education at the University of the Free State, helped us understand the impact that Covid-19 has had on households across the country. She also discussed the psychological and emotional impact of food insecurity on household and family members. Podcasts

Tribunal approves sale of Tongaat Hulett s starch business

JOHANNESBURG Agriculture and agri processing company Tongaat Hulett said today it was pleased at the decision by South Africa s Competition Tribunal to approve the acquisition of its Tongaat Hulett Starch business by the KLL Group a wholly owned subsidiary of Barloworld. It said the decision was the third approval in the jurisdictions relevant to the transaction with the Botswana Competition Commission and the Common Market for Eastern and Southern Africa (Comesa) Competition Commission having already approved the transaction without conditions. The final approval is awaited from the Indonesian Competition Commission probably in the first week of August. Tongaat chief executive Gavin Hudson said the approval by the SA Competition Tribunal had been achieved within anticipated timelines despite the impact on the process of the Covid 19 pandemic. "This is good news and means we can focus on closing the final conditions relating to the deal " he said. "These involve obtaining the consent of our lenders and the resolution of the MAC (material adverse change) event that Barloworld has called " he said. In May Barloworld indicated it believed a material adverse change had occurred in relation to the sale of the starch business but on Tuesday Tongaat said it remained "firmly of the view that a MAC has not occurred". The matter has been referred to an independent third party for determination. Hudson said the company was still committed to finalising the disposal of the business one of a range of initiatives Tongaat Hulett has initiated as part of its broader business turnaround process. The successful execution of any of these transactions or a combination of them will ensure we can deliver on our strategic business partnerships; step changing our transformation initiatives protecting employee jobs and helping support the economies of the countries in which we operate he said. Tongaat Hulett Starch is Africa s largest pr

Massmart says 1,800 Game stores employees might lose their jobs

READ MORE: Massmart set to close 34 stores, shed 1,440 jobs "Massmart advises shareholders that the group has commenced, with respect to its Game stores in South Africa, a consultation process in terms of section 189 and section 189A of the Labour Relations Act 66 of 1995, the company in a statement This particular section of the Labour Relations Act relates to retrenchments, which forms the core of discussions with organised labour and other relevant stakeholders. "This process may potentially affect 1,800 employees in our Game stores in South Africa, Massmart added. The Walmart-owned company further said that its shareholders would be advised of the outcome of the consultation process. Massmart has been in trouble for some time following its announcement in March 2020, that it would close 34 DionWired and Masscash stores, which reportedly led to the loss of up to 1,440 jobs in the process. According to the company, a "store optimisation project that highlighted a number of underperforming stores was the reason for the potential closures. ALSO READ: Dion Wired’s 50-year business comes to an end today Massmart said in February 2019 its headline earnings fell 31.7% to R901.2 million in the 52 weeks to 30 December 2019. It added that the combination of low sales growth and higher expense growth caused group trading profit excluding foreign exchange movements, interest, and restructuring costs to decline by 16.8% to R2.1 billion. For more news your way, download The Citizen’s app for iOS and Android .

UPDATED: EDP suspends CEO and head of renewables business over fraud claims

UPDATED: EDP suspends CEO and head of renewables business over fraud claims 07 Jul 2020by David Foxwell Portuguese utility EDP has confirmed that it has suspended its chief executive officer António Mexia, and executive board member and head of the company’s renewables business João Manso Neto. Both were suspended in the context of judicial procedures investigating an alleged fraud dating back several years. Neither man has been charged. They were suspended following a ruling by a judge involved in an investigation into alleged irregularities at the company. The alleged irregularities relate to a power purchase agreement. According to Reuters , Portugal’s public prosecutor indicted Mr Mexia and Mr Neto three years ago. Both men and the company have denied any wrongdoing. EDP said the board at the company has designated Miguel Stilwell de Andrade, currently chief financial officer, as interim chief executive whilst Mr Mexia is suspended. In a statement, the company said the issues at the heart of the investigation had ‘already been thoroughly investigated.’ EDP reaffirmed that its view there had been ’no irregularity’ that could be attributed to the company and cited several examinations of the case that concluded that the matter had been conducted fairly and according to market terms and conditions. The company went on to say that the issues were also scrutinized in 2018 in an inquiry commissioned by the Portuguese parliament, at which EDP executives provided clarification and documents that support EDP’s position. The company said the allegations ’lack substance.’ EDP Renewables is one of the world’s largest developers of wind energy and a leader in the offshore wind sector.

Massmart to cut 1800 jobs at Game

Massmart to cut 1800 jobs at Game By Somaya Stockenstroom 7th Jul 2020 Retail giant Massmart today announced it might lay off nearly 2000 workers at its Game stores across the country. Massmart, which also owns Makro, in a statement, said it has completed an assessment of opportunities to improve our South African Game store efficiencies. "Consequent to this project, Massmart advises shareholders that the group has commenced, with respect to its Game stores in South Africa, a consultation process in terms of section 189 and section 189A of the Labour Relations Act 66 of 1995, as amended ("the LRA); with organised labour and other relevant stakeholders, Massmart said. "This process may potentially affect 1 800 employees in our Game stores in South Africa. Shareholders will be advised of the outcome of the consultation process. Massmart becomes the latest company to announce plans to retrench workers in a depressed economy. The company earlier this year closed down its DionWired stores across the country. Author

Remote Working could lose foreign students their US visas, and office park rentals lose business

Remote Working could lose foreign students their US visas, and office park rentals lose business Submitted by admin on Tue, 2020-07-07 - 09:34 Which all on the face of it sounds 'bad' as it's lost business, but in reality this is the world moving forward. Many old industries suffered because of progress. Do we hold the world back for progress - usually the answer is 'no' and businesses must adapt. The positive side means foreign students do not have to travel long periods to be away from home, they save travel costs, and for businesses renting in business parks their costs to do business can be less, which can benefit consumers too, not to mention workers themselves having more flexibility and not sitting in rush hour traffic (with unhealthy emissions). As always with change there are some short term losers, but the majority gain in the longer run.

DA welcomes Minister Mchunu's commitment to take action against government officials doing business with the State

DA welcomes Minister Mchunu’s commitment to take action against government officials doing business with the State 7th July 2020 Public Service and Administration Minister Senzo Mchunu The Democratic Alliance (DA) welcomes Public Service and Administration Minister Senzo Mchunu’s commitment to take action against the 1 544 public service employees who are conducting business with the State. The DA has for years put pressure on the Department of Public Service and Administration (DPSA) to investigate these incidents. Not only is it morally bankrupt for public service employees to conduct business with the State, it is also a serious criminal offence, and those implicated should be held accountable according prescripts of the law. Advertisement In a reply to a DA parliamentary question, Minister Mchunu confirmed that of these 1 544 public service employees doing business with the State, 1 111 were from provincial departments and 433 from national departments. The parliamentary reply also revealed that 309 senior governmental management officials at both provincial and national government departments have not adhered to Regulations 18 (1) and (2) of the Public Service Regulations 2016 by failing to disclose their financial interests annually by 30 April 2020. Advertisement Minister Mchunu disclosed that of the 309 senior managers who were guilty of not adhering to the requirements of the Public Service Regulations, 243 worked in national departments, 14 in national government components and 52 within the provincial departments. It is worrisome that senior managers that should be setting an example within the departments simply treat these requirements with contempt. We call on the relevant departments to ensure that those individuals are held accountable, as they are not above the Public Service Regulations. The duty of a public servant is to care for the welfare of our communities and to ensure that services are delivered to the public - it is not to defraud the state and

Is Whatsapp suitable for business use?

Is Whatsapp suitable for business use? #1 Hi, We all know how widespread Whatsapp is used for private and business use. I understand that Whatsapp uses end to end encryption but what about GDPR compliance? Is your company using Whatsapp business for sharing sensitive information? If i have a cheapie phone that only allows Whatsapp and cannot install TEAMs, what other secure alternates can i implement to communicate to the masses internally? Please share your thoughts.Thanks

More than 1 000 public servants to face action after doing business with state

DFA More than 1 000 public servants to face action after doing business with state By Public servants are not allowed to do business with the State. Picture: Supplied The Public Service Commission (PSC) has welcomed Public Service and Administration Minister Senzo Mchunu’s decision to take action against 1 544 public servants, who were involved in doing business with the state. Public servants are not allowed to do business with the State. According to the government website, the actions of the Minister are compliant with the Public Administration Management Act No. 11, 2014 (PAMA), which was enacted based on recommendations from the PSC. "The Minister’s decision will ensure that there are consequences for wrongdoing. If found guilty, a public servant can serve a jail term for conducting business with the State. "This will go a long way in ensuring adherence to the law and preventing public servants from conducting business with the State. This Minister’s action affirms the supremacy of the Constitution and the rule of law in our country. This proves that no one is above the law and transgressors will be punished, says Public Service Commission in a statement. The PSC has commenced with the scrutiny of financial disclosures of senior managers to check if there are cases of potential or actual conflicts of interests. Amongst the issues that the PSC will be scrutinising is conducting business with the State. - SAnews.gov.za SHARE

RMH - RMB HOLDINGS LIMITED - Changes to directorate - 07/07/2020

RMBH: 154 -1 (-0.65%) 07/07/2020 12:23 RMB HOLDINGS LIMITED - Changes to directorate Release Date: 07/07/2020 12:03 Wrap Text Changes to directorate RMB HOLDINGS LIMITED Incorporated in the Republic of South Africa) Registration number: 1987/005115/06 ISIN: ZAE000024501 Share code: RMH ("RMH") CHANGES TO DIRECTORATE In compliance with the JSE Limited Listings Requirements, RMH shareholders are advised of the following changes to the RMH Board of Directors, effective 7 July 2020. RESIGNATION OF NON-EXECUTIVE DIRECTORS Following the completion of the unbundling by RMH of its shareholding in FirstRand Limited, the following non-executive directors have decided to step down from the RMH board: Mr Jannie Durand(Chairman) Mr Johan Burger Mr Laurie Dippenaar Mr Paul Harris Mr Ralph Mupita Mr David Frankel (alternate) Mr Francois Knoetze (alternate) CHANGE IN STATUS OF DIRECTORS Ms Sonja De Bruyn has been appointed as interim Chairman of the board until the annual general meeting in December 2020 with Mr Murphy Morobe remaining as lead independent director. Mr Udo Lucht, currently an alternate director to Ms Albertinah Kekana, will replace Mr Obakeng Phetwe as director and Mr Phetwe will become the alternate director to Ms Kekana. Subsequent to these changes the board will consist of: Mr Herman Bosman Mr Peter Cooper Ms Sonja De Bruyn (Chairman) Ms Albertinah Kekana Mr Udo Lucht Ms Mamongae Mahlare Mr Murphy Morobe (Lead independent) Mr James Teeger Mr Obakeng Phetwe(alternate) No other changes to board subcommittees are currently envisaged. FUTURE CHANGES Further to this announcement, Mr Peter Cooper confirmed that he would not be available for re-election at the upcoming annual general meeting in December 2020. IN CLOSING RMH would like to thank all these directors for the valuable contributions made whilst serving on the board of RMH. A special word of gratitude is extended to two of the founders of RMH, Mr Laurie Dippenaar and Mr Paul Harris who have served on the board for 32 years. These cha

How a local sewing business is empowering young women - The Young Independents

How a local sewing business is empowering young women Reporter 0 When the COVID-19 pandemic threatened Ponani Shikweni’s small business she took it as an opportunity to grow and empower other young women in Alexandra, Johannesburg. "Life is fast in Alex, and to survive you need to have a plan. Having no income and no job can lead people to some desperate, dangerous actions, and so when we offer young women work opportunities, we are also helping young people to avoid getting involved with drugs and crime, says Shikweni, who is director of the sewing company Hluvuko Designs. "These young women were unemployed and had very few opportunities until I recruited them to join our cooperative, and taught them how to sew to earn a living. Then when COVID-19 arrived, suddenly there was a huge demand for cloth face-masks and, fortunately, we were ready to start producing to help fill this gap, she added. Hlovuko designs. Picture: Supplied Before the Hluvuko Designs business was formally established, Shikweni and six other women had started sewing to orders. Their products were being sold through an intermediary and the women therefore received only a fraction of the profits. In 2015, however, Netcare recognised the potential of the women’s entrepreneurial model as a promising enterprise development project and assisted them to formally register the business. According to Shikweni, the name ‘Hluvuko Designs’, meaning ‘development’, was chosen because it encapsulates their purpose of developing individuals as well as contributing to the prosperity of their community. Dr Nceba Ndzwayiba, Netcare’s director: transformation, recalls how the women’s sewing cooperative stood out even when it was operating informally. "Ponani and the Hluvuko Designs ladies impressed us from the start. The simplicity of the model, its potential to directly benefit youth, women and their households, and in particular how their operations could be s

BARLOWORLD LIMITED - Further update on the proposed acquisition of Tongaat Hulett Starch business and renewal of cautionary

(Namibian Stock Exchange share code: BWL) (‘Barloworld’ or the ‘Company’) Further update on the proposed acquisition of Tongaat Hulett Starch business and renewal of cautionary announcement Shareholders are referred to the announcements dated 12 and 28 May 2020 and 4 June 2020 ("update announcements) regarding the update on the proposed acquisition of the Sale Business and the material adverse change ("MAC) notice delivered by KLL Group Proprietary Limited, a wholly owned subsidiary of Barloworld ("KLL or "Barloworld), to Tongaat Hulett Limited ("THL) in terms of the sale and purchase agreement pertaining to the proposed acquisition of the Sale Business (the "SPA) (the "Transaction). Shareholders are reminded that the process to resolve the dispute as to whether a MAC has occurred continues and the appointment of the independent expert to adjudicate the MAC dispute is imminent. It is anticipated that the independent expert will deliver its opinion as to whether a MAC has occurred on or about 21 September 2020. In the interim, Barloworld continues to perform its obligations in terms of the SPA. Approval of the Transaction by the Competition Commission of the Common Market for Eastern and Southern Africa (COMESA) was obtained without conditions on 8 June 2020. Barloworld has been advised that the Competition Tribunal of South Africa has, on 6 July 2020, approved the Transaction without conditions. Other suspensive conditions to the Transaction still remain to be fulfilled, including inter alia lender consents and the approval of the competition regulator in Indonesia. Shareholders should note that the Transaction cannot complete until the MAC dispute is finally determined as it is a suspensive condition to the SPA that no MAC has occurred. Barloworld will update shareholders in due course. Resultantly, shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made. Financ

THE SPAR GROUP LIMITED - Notice of a disposal of a beneficial interest in SPAR securities - SENS

One Capital Date: 07-07-2020 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Massmart looks to cut 1,800 jobs at Game stores - GO! &

GO! & Express Massmart looks to cut 1,800 jobs at Game stores By WhatsApp KARL GERNETZKY Walmart-owned retailer Massmart says up to 1,800 jobs may be cut at its Game stores in SA as its begins formal consultations with organised labour. In January, the group announced it may cut 1,440 employees across 34 DionWired and Masscash stores, as it battled a recessionary economy that resulted in consumers cutting back on non-essential items, such as television sets. At the end of December Massmart had about 51,000 full-time employees, at 443 stores. That included just under 12,000 employees in its Massdiscounters division, which had 173 Game and Dion Wired stores. Massmart announced a turnaround plan in January, and said in June the effects of Covid-19 had accelerated the plan. The restructuring will reorganise its four divisions into two. Massmart Retail will comprise the Builders, Game, DionWired and Cambridge Food trading brands. Massmart Wholesale will take in Makro, Shield and the group’s wholesale cash brands. Massmart said in June that the Covid-19 health crisis had disrupted trading. Total sales for the 23 weeks ended June 7 fell 10.3% year on year. Related

UCT GSB teaching case study on SA film industry wins top international award - UCT Graduate School of Business

UCT GSB teaching case study on SA film industry wins top international award 7 Jul 2020 | Save | Email | Print | PDF Issued by: UCT Graduate School of Business Researchers from the UCT Graduate School of Business (GSB) have taken top honours in a prestigious international case writing competition, for their teaching case on the challenges of financing digital entertainment. The 11th Emerald and Association of African Business Schools Case Writing Competition has been won by a team from the University of Cape Town’s Graduate School of Business (UCT GSB) for a teaching case study on SA animation pioneer Triggerfish Animation Studios. This is the fifth time the UCT GSB has won this competition in the past six years. Written by MBA candidate Craig Lowman, Associate Professor Mikael Samuelsson and Professor Geoff Bick, the case looks at how films are funded in South Africa and how investors can recoup returns, as well as the impact that video-on-demand platforms, such as Netflix and Disney+, is having on the traditional models of filmmaking. Samuelsson said he was delighted about the win. "I think it’s important to showcase emerging market players in the film industry competing on the global stage against Hollywood big-hitters. The challenges they face are considerable and their story needs to be told in order for solutions to be developed. The question of the "recoupment waterfall is a case in point, he adds. "This is where the producers and investors of a film recoup their investments and earn returns. Many studios fall victim to a form of creative accounting, which leaves them last in line in the payment waterfall. It is so pervasive in the film industry that it has earned its own moniker, ‘Hollywood Accounting’, he said. The box office hit Star Wars: Return of the Jedi was an example of "Hollywood Accounting in action. Despite the film earning US$425m at the box office against a budget of just US$32m, it had never gone into profit according to its pro

LIVE: Premier Mabuyane announces COVID-19 strategy - Breaking news, special reports, world, business, sport coverage of all

LIVE: Premier Mabuyane announces COVID-19 strategy 7 July 2020, 10:17 AM | SABC | @SABCNews Image: SABC File Image: Oscar Mabuyane As COVID-19 infections continue to surge in the country, government is upping its ante in a bid to flatten the curve. Eastern Cape Premier Oscar Mabuyane is currently announcing the province's community-based COVID-19 response strategy as part of those efforts. Below is Premier Mabuyane's briefing: This entry was posted on 07 Jul 2020,10:17AM at 10:17 AM and is filed under Coronavirus , South Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Smart-Track, Don't Fast -Track Business Survival

Home Business Smart-Track, Don’t Fast-Track Business Survival Smart-Track, Don’t Fast-Track Business Survival July 7, 2020 Telegram North Wind Digital. There are plenty of gags out there about how the main driver to fast-tracking digital transformation in business has been COVID-19, rather than the CTO - and , sadly, they’re largely true. The necessity of shifting the majority of global office workforces to a ‘work-from-home’ scenario almost overnight has seen a huge shift in the way businesses function - and forced those who weren’t embracing digital to do so, in a hurry. While the pandemic has necessitated swift digital adoption for many businesses, there’s a huge downside to simply making the shift for the sake of it - poorly-planned digital migration can prove just as detrimental to a business as no digital migration at all. South African business leaders are doing what South Africans do - making a plan. These plans are focussed mainly on staunching the haemorrhaging of cash and clients, and getting back to work as swiftly as possible - embracing the ‘new normal’ for the sake of survival. They still need to be able to service their clients, find more clients and ensure that they are not caught like this again. The smart businesses are the ones who had already embraced things like Robotic Process Automation (RPA) because they’re already an additional step ahead - they have the chance to examine their business and operational processes and ask how they can change things to be even better, rather than starting from zero, as so many companies are. RPA can automate any processes which contain manual repetitive work, in order to free up humans for value-add activities which require judgement calls. RPA can automate anything from finance processes (from invoice processing to bank account sweeps and bill payments), reporting (revenue, cost of sales and cash flow reporting) and First-Line Custome

NSPCA urges vigilance as dog virus spreads - Breaking news, special reports, world, business, sport coverage of all South Af

NSPCA urges vigilance as dog virus spreads 7 July 2020, 12:08 PM | Sashin Naidoo | @SABCNews Image: SABC Dog owners have been advised to look out for symptoms including diarrhoea, listlessness, loss of appetite and lethargy in their dogs and seek treatment immediately. The National Council of Society for the Prevention of Cruelty to Animals (NSPCA) has urged dog owners to be vigilant as the Canine Parvovirus (CPV) is spreading fast across the country. Over the weekend 37 puppies had to be put down and another eight died of the deadly virus at the South African Police Service (SAPS) K9 Academy in Roodeplaat, Pretoria. Dog owners have been advised to look out for symptoms including diarrhoea, listlessness, loss of appetite and lethargy. The NSPCA says any dog or puppy displaying any of the above symptoms should be seen by a vet without delay. NSPCA Spokesperson Meg Wilson says, "Vomiting and often bloody diarrhoea and this can cause rapid damage to their intestines and immune system. Dog owners should consult their local vets for the best vaccination protocol available and if your pup or dog shows any signs of parvo (CPV) you must seek vet assistance immediately. If you have had a dog with parvo it is important not to introduce any other dogs to that environment for at least 12 weeks and that dog should be up to date with vaccinations. According to Kidshealth, parvo transmission to humans is common, especially between children, as it spreads easily through saliva, skin or blood contact. The most common symptom in children is "slap cheek disease which is a big red rash in the cheeks, arms or legs. It can also manifest in the form of a brief fever, sore throat, muscle pains, itchiness and headaches. This entry was posted on 07 Jul 2020,12:08PM at 12:08 PM and is filed under Sci-tech . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Cape Town dam levels at over 50% capacity - Breaking news, special reports, world, business, sport coverage of all South Afr

Cape Town dam levels at over 50% capacity 7 July 2020, 9:07 AM | SABC | @SABCNews Image: Cape Town All six dams supplying the Cape Town with water are over 50% full, with the biggest, Theewaterskloof, filled to nearly 60%. The average level of the dams supplying water to the City of Cape Town has more than doubled, compared to two years ago when the city was gripped by a drought. Levels currently sit at 63.4% capacity compared to 31% in 2018. At this time last year, the average dam level was just over 45%. All six dams supplying the Cape Town with water are over 50% full, with the biggest, Theewaterskloof, filled to nearly 60%. A cold front has been forecast for Thursday this week. Another one is expected to follow at the beginning of next week and will bring more rain and possibly snow. Level 1 water restrictions are currently in effect in the City of Cape Town. Residents and visitors in Cape Town are restricted to using 120 litres of treated water per person, per day. The Western Cape has faced serious water shortages due to poor rainfall during our 2015, 2016 and 2017 winter seasons. The demand for water has also steadily increased every year due to the province's rapidly growing population and economy. This, as well as unpredictable climate change, has added significant pressure on our water supply.

WIMI Hologram Cloud setting up Joint Venture to develop Semiconductor Business

WIMI Hologram Cloud setting up Joint Venture to develop Semiconductor Business WIMI Hologram Cloud setting up Joint Venture to develop Semiconductor Business 0 9 HONG KONG, July 7, 2020 - (ACN Newswire) - WIMI Hologram Cloud Inc. ('WIMI' or the 'Company') (NASDAQ:WIMI) today announced that its wholly-owned Hong Kong subsidiary WiMi Hologram Cloud Limited ('WiMi Hong Kong') is setting up a joint venture to develop semiconductor business. The Company believes that the application demand of holographic 3D vision in the semiconductor sector is growing rapidly, representing huge market potential. The establishment of the joint venture is conducive to the expansion of the semiconductor sector and the rapid integration of market resources. Furthermore, it will facilitate the Company's strategies of extending the holographic 3D vision software from the application layer to the chip field and combining software and hardware through the holographic 3D vision software solution, namely, the strategic derivative upgrade to the semiconductor sector. The Company has accumulated technological capabilities in the field of holographic 3D visual software technology, with hundreds of related patents and software copyrights. In the future, the Company plans to develop semiconductor business through integrating with IC design companies with core technology advantage, or through establishing research and development joint venture with chip factory to implement the supply chain upstream of the semiconductor research and development design, technical service and marketing strategies. In addition to facilitating the rapid growth of the Company's performance, the Company believes that integration with high-quality semiconductor assets or cooperation with chip companies with strong technology will greatly enhance the Company's competitiveness and consolidate the Company's position in the industry of holographic 3D vision software application, thus supporting the its sustained growth in the medium and long term. At pr

Business Analyst

Business Analyst Jul 7, 2020 Job Advert Summary Seeking an experienced Business Analyst to partner cross (email address) will elicit, analyse and specify requirements to solve complex business challenges. The analyses you create will help drive revenue, margin and client retention. Your ability to align project delivery to client priorities and expectations will be essential. To succeed in this role, you should have exceptional critical and conceptual thinking skills and thrive in a high-performance culture.Minimum RequirementsDuties and Responsibilities

Massmart warns up to 1 800 Game employees could be retrenched

Massmart warns up to 1 800 Game employees could be retrenched Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From Massmart warns up to 1 800 Game employees could be retrenched Name & Surname Massmart warns up to 1 800 Game employees could be retrenched 7th July 2020 ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + Retail firm Massmart has started consultations with organized labour and other relevant stakeholders, with respect to the possible retrenchment of up to 1 800 employees in its Game stores in South Africa. The consultation process forms part of the firm's opportunities assessment to improve Game store efficiencies in the country. Advertisement To watch Creamer Media's latest video reports, click here

Ex-Chiefs star calls Maluleka's Sundowns switch a business deal

PSL News 7.7.2020 12:33 pm Ex-Chiefs star calls Maluleka’s Sundowns switch a business deal Phakaaathi Reporter George Maluleka. Pic: Muzi Ntombela/BackpagePix Former Kaizer Chiefs striker Pollen Ndlanya says George Maluleka had his future and well-being of his family in mind when he signed a pre-contract with Mamelodi Sundowns. Ndlanya defended Maluleka’s decision to move to Sundowns next season after his contract with Amakhosi expired in June. The former Chiefs striker said Maluleka shouldn’t be criticised for deciding to leave Chiefs because Amakhosi might have been slow to offer him a new deal. "I think George engaged Chiefs but the club didn’t show any interest in keeping him. Knowing him, he loves Chiefs, he would have loved to leave the club having done something great for the club, Ndlanya told Isolezwe . "It’s important to understand that this is a business decision, his feelings or emotions must be set aside. Maluleka’s decision to leave Chiefs is purely based on business. "This means the players that were competing with him for a place in the team must now step up to the plate and fill the gap because he was an important member of the team. "Honestly, all the Chiefs players must be motivated after Maluleka’s departure to join arch-rivals. For more news your way, download The Citizen’s app for iOS and Android .

Massmart sny dalk poste

Massmart sny dalk poste Deur Son DigitaalDinsdag, Julie 07, 2020 12:30 Massmart besit Game. ~ Gallo Images / Papi Morake MASSMART, wat Game, Makro, Dion Wired, Builders Warehouse en Masscash besit, het aangekondig dat hulle met 'n konsultasieproses begin het om moontlik poste te sny. Die besluit raak 1 800 werkers by Game-winkels regoor die land. Massmart het Dinsdag aan aandeelhouers gesê die besluit kom na hulle geleenthede geevaulueer het om die doeltreffendheid van Game-winkels te verbeter. Die konsultasieproses ingevolge art. 189 van die Arbeidswet word deur maatskappye gedoen voor moontlike retrenchments. - Fin24 Lewer kommentaar op hierdie artikel 0 reaksies

Tribunal fines Dis Chem R1.2m fine for inflating face mask prices

JOHANNESBURG The Competition Tribunal has slapped Dis Chem Pharmacies with an R1.2 million administrative penalty for charging excessive prices for surgical face masks during the Covid 19 pandemic. The Tribunal said that Dis Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks SFM 50 SFM 5 and Folio50 to the detriment of consumers during March. The Competition Commission accused Dis Chem of abusing its dominance and charging excessive prices for surgical masks to the detriment of customers and consumers. Dis Chem denied the commission s claims. The commission charged Dis Chem had hiked the price of surgical face masks by up to 261 percent The tribunal today concluded that the commission had shown that Dis Chem had engaged in excessive pricing to the detriment of consumers.. The tribunal said material price increases of between 47 percent to 261 percent without corresponding increases in costs of any goods in a country such as South Africa with a long history of economic exclusion and deep inequality would seriously affect the public interest adversely. Material price increases of surgical masks without corresponding costs justifications in the context of Covid 19 for which there is no discernible cure and where health services are skewed towards the wealthy would seriously impact vulnerable and poorer consumers even more. Poorer customers would have been excluded from accessing the masks by such exorbitant increases other customers would have spent more on these items as a percentage of their disposable income said the tribunal. BUSINESS REPORT

EXCLUSIVE: Acting EFCC Chairman, Magu, Detained By Police In Abuja, To Be Returned To Aso Rock Villa For Further Interrogati

Documents EXCLUSIVE: Acting EFCC Chairman, Magu, Detained By Police In Abuja, To Be Returned To Aso Rock Villa For Further Interrogation Magu's arrest earlier on Monday afternoon had sent a frenzy across the landscape especially with the large number of policemen and Department of State personnel deployed to the EFCC office to seize him. by Saharareporters, New York Jul 06, 2020 The ordeal of Acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, got worse on Monday evening when he was thrown into a cell at the Force Criminal Investigation Department Headquarters in Area 10, Federal Capital Territory, shortly after being interrogated by an interagency panel inside Aso Rock Villa, Nigeria's seat of power. Magu's arrest earlier on Monday afternoon had sent a frenzy across the landscape especially with the large number of policemen and Department of State personnel deployed to the EFCC office to seize him . The combined security team stormed the EFCC office at Wuse II in three trucks to arrest and move Magu to the Presidential Villa in the Asokoro area of the Federal Capital Territory to face the panel. SaharaReporters gathered that the interagency committee led by a former Court of Appeal judge, Ayo Salami, did not show Magu a copy of the allegations against him even though he requested to see a one. Magu Panel members, it was gathered, only read from a dossier in front of them during the grilling session. After completion of interrogation by the Presidential interagency committee over corruption allegations against him, Salami, who was said not to be satisfied at Magu's defence, ordered that the Acting EFCC boss be kept in detention until 10:00am this (Tuesday) morning when he'll be returned to Aso Rock Villa for continuation of the grilling by the committee. These developments squashes claims by the EFCC spokesperson, Dele Oyewale, that Magu was not arrested but voluntarily submitted himself to the panel. See Also

Consumer criminalisation could encourage a culture of tax avoidance

BATS The reality of illegal tobacco sales is probably much worse than the open letter to the president and cabinet ministers suggests. Image: Shutterstock The headline of an open letter addressed to President Cyril Ramaphosa and cabinet ministers, published over the weekend in Sunday papers, says that in 100 days, 11 million "law-abiding South Africans have been turned into criminals. It continues: "Today marks 100 days since you first banned the sale of tobacco and vaping products. SA has been bleeding ever since while criminals in the illegal trade have reaped the rewards. A bit further, the letter penned by industry stakeholders and retailers mentions that the "national purse has been denied R3.5 billion in excise duties already at a time when every last cent is desperately needed. Whether you burn through a pack a day or hate smoking, anybody would agree that R3.5 billion in lost taxes is a fortune the state can ill afford to lose. The letter, published over two pages in Sunday newspapers, puts the lost revenue into perspective. It says the R3.5 billion could have funded two new hospitals and 5 000 ventilators. Or paid the salaries of 25 000 nurses, 5 000 doctors and 20 000 primary school teachers. Or bought 23 million food parcels, roughly enough to sustain all the poor in SA for a week. Or it could have been used to build 54 new schools. SA’s problems in perspective Whether somebody who has been smoking for 20 years is more likely to die from Covid-19 if they smoke another packet tomorrow seems unimportant when considering the immediate problems suddenly facing millions of people in SA. Most of the articles in the Sunday newspapers lamented the dire shortage of hospital beds and the suffering of the poor due to the economic effects of the coronavirus pandemic. One of the most shocking statistics is the fact that hundreds of schools in SA don’t have running water for pupils to wash their hands, and that government is seemingly incapable of implementing a simple low

NEPI takes another stab at office sale - Company News

NEPI takes another stab at office sale NEPI takes another stab at office sale Published Date: 2020-07-07 | Source: Stephen Gunnion | Author: Stephen Gunnion The property investor says it signed a non-binding memorandum with AFI Europe at the weekend that could end a dispute between the two companies. NEPI Rockcastle says it is still open to selling its Romanian office properties to AFI Europe after the deal stalled and it headed into arbitration. The Central and Eastern Europe property group is disposing of the properties as it focuses on its core shopping centre investments in the region. It sold the office portfolio, including three properties in the capital Bucharest and one in the western city of Timisoara in December to AFI Europe for an estimated 290 million. AFI is a subsidiary of Africa Israel Properties. The deal was expected to be completed in May but in April NEPI said AFI had failed to fulfil some procedures, resulting in a breach in the agreement. A month later, it said it had started procedures to recover the contractual agreement from the real estate developer. AFI responded by contesting the validity of NEPI's claim and requesting specific performance of the disposal. NEPI said a non-binding memorandum of understanding signed at the weekend would allow the two companies to terminate the arbitration and enter a new binding agreement on the same terms as previously. Negotiations would be conducted on a 'without prejudice' basis in respect of the arbitration. Late last month, NEPI said as a result of the further easing of trading restrictions in Romania tenants occupying approximately 90% of the floor space at its shopping centres were now operational. Romania ended the trading ban on stores located in large shopping centres, except for cinemas and playgrounds, on 15 June. Indoor restaurants and food courts can only provide take-away food, while outdoor food and beverage amenities trade normally. All stores in all other countries in the group's portfolio were allowed to trade,

Seattle City Council approves new tax on big business

Seattle City Council approves new tax on big business Lisa Baumann, Associated Press Updated 8:24 pm EDT, Monday, July 6, 2020 SEATTLE (AP) - The Seattle City Council on Monday approved adopting a new tax on large businesses, two years after the council repealed a big business tax amid pressure from corporations such as Amazon and the prospect of a voter referendum. The new tax called "JumpStart Seattle, from lead sponsor and council member Teresa Mosqueda, will target companies with many highly paid employees, whereas the 2018 "head tax would have applied to all employees at large companies. The council voted 7-2 on the measure, which is expected to raise more than $200 million per year. The tax repealed by the council in 2018 weeks after it was adopted was expected to raise $47 million per year. Mosqueda and council members Lorena González, Kshama Sawant, Tammy Morales, Lisa Herbold, Dan Strauss and Andrew Lewis voted for the new tax Monday. Alex Pedersen and Debora Juarez voted against it. In last year’s council elections, five candidates defeated opponents who were supported by big business groups. "This is a huge win, Mosqueda said. "This is about caring for Seattleites now and into the future. It will help Seattle survive the crisis of COVID and emerge stronger and more equitable. Under the new tax, companies with annual payrolls over $7 million will be taxed based on their pay to employees making over $150,000 per year. As amended in committee last week, the tax rate would range from 0.7% to 2.4%, with tiers for various payroll and salary amounts. Money from the tax will be used to underwrite $86 million in coronavirus relief to shore up city services as Seattle emerges from the pandemic and over the long term to pay for affordable housing, business assistance and community development. The bill was amended Monday to exempt some health care organizations for three years during the coronavirus crisis and to allow the law to end, or sunset, 20 years after it is en

Brazil's Bolsonaro tested again for novel coronavirus - Breaking news, special reports, world, business, sport coverage of a

7 July 2020, 1:59 AM | Reuters | @SABCNews Image: Reuters President Bolsonaro has repeatedly played down the impact of the virus, even as Brazil has suffered one of the world's worst outbreaks, with more than 1.6 million confirmed cases and 65 000 related deaths, according to official data on Monday. Brazilian President Jair Bolsonaro said on Monday he had undergone another test for the novel coronavirus, after local media reported he had symptoms associated with the COVID-19 respiratory disease, including a fever. Bolsonaro told supporters outside the presidential palace that he had just visited the hospital and been tested for the virus, adding that an exam had shown his lungs "clean. CNN Brasil and newspaper Estado de S.Paulo reported that he had symptoms of the disease, such as a fever. The President's office did not immediately respond to a request for comment. Bolsonaro has repeatedly played down the impact of the virus, even as Brazil has suffered one of the world's worst outbreaks, with more than 1.6 million confirmed cases and 65 000 related deaths, according to official data on Monday. The right-wing populist has often defied local guidelines to wear a mask in public, even after a judge ordered him to do so in late June. Over the weekend, Bolsonaro attended multiple events and was in close contact with the US ambassador to Brazil during July 4 celebrations. The US embassy in Brasilia did not immediately respond to a request for comment. Bolsonaro previously tested negative for the coronavirus after several aides were diagnosed following a visit to US President Donald Trump's Mar-a-Lago, Florida, estate in March. This entry was posted on 07 Jul 2020,01:59AM at 1:59 AM and is filed under World . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Digital Transformation Strategy for Business Leaders

Digital Transformation Strategy for Business Leaders ALL CITIES IN SOUTH AFRICA: 28 JULY 2020 Digital Transformation Strategy for Business Leaders Gordon Institute of Business Science A 5 hour online masterclass to complete at your own time and pace. On completion delegates receive a certificate of attendance and digital credential to use on your LinkedIn profile. This online version of the popular GIBS Digital Transformation Masterclass will equip senior executives and business leaders with the tools to adapt, succeed and thrive in an era of unprecedented digital disruption. You will acquire the skills to speak and make decisions about digital transformation strategies and technologies like big data AI, blockchain, IoT and more, through the lens of their application to business. This online course consists of a series of informative videos, insightful content and work exercises. MODULES TO BE COVERED INCLUDE: Data: the foundation of digital What do we mean by digital transformation? Four strategies for digital transformation Big data, the cloud, and artificial intelligence Blockchain and cryptocurrencies IoT, nanotechnology and the next frontier About the Facilitator: Mike Stopforth is the founder and director of business and leadership transformation specialist Beyond Binary. He is an entrepreneur, start-up investor, author and global speaker. He is recognised for his provoking insights into disruption-driven change, its impact on people, business and markets, and, notably, building the new leadership skills and strategies essential to navigate uncharted territory. Mike is a successful digital pioneer. Before Beyond Binary, he founded leading African social media agency Cerebra. It was acquired by global advertising giant WPP in 2013. In 2007, he co-founded Afrigator.com, an African content aggregator which was bought by Naspers. In addition to his Beyond Binary role, Mike serves as a disruption and innovation advisor on a number of corporate boards. He has been recognised as an influenc

NBN launches satellite backup for business customers

NBN launches satellite backup for business customers Customers will need a new dish installed to take advantage of satellite backup service. | Topic: Networking Image: NBN The company responsible for deploying the National Broadband Network (NBN) across Australia has launched a satellite backup service for business services. Much like how residential customers are offered an NBN modem with 4G backup, this service functions in much the same way, except it involves the installation of a satellite dish and associated infrastructure in order to enable the switch over to satellite to occur. NBN said the new service is designed to help regional and rural customers that experience outages on their primary connection -- whether it is a fixed line or fixed wireless connection -- due to "extreme climate conditions". "We observed floods and fires faced by rural and regional Australians, making it crucial for us to offer a product designed to provide access to business-grade connectivity for critical business operations," NBN chief development officer of regional development and engagement Gavin Williams said. "The Disaster Recovery service can be configured in conjunction with the primary service to activate when an outage has been detected." NBN launches its business satellite services at the end of October. At the same time, the company shifted its fixed wireless and satellite networks into a new business unit, with Williams at the helm. NBN noted the new unit was a recommendation in the 2018 Regional Telecommunications Review , which had also called on NBN to allow and contribute to co-investment for area-switch technology choice upgrades. In February, after Australia's black summer of bushfires, NBN said it would look to preinstall satellite links at evacuation centres. NBN CEO Stephen Rue said at the time, the company sees its satellite coverage as being very helpful in the future. "We are very conscious that these climatic conditions are likely to continue and indeed to get worse, and we're con

Oil prices inch higher on output cut support, but US coronavirus spike caps gains - Breaking news, special reports, world, b

Oil prices inch higher on output cut support, but US coronavirus spike caps gains 7 July 2020, 3:54 AM | Reuters | @SABCNews Image: Reuters Data from the American Petroleum Institute industry group later on Tuesday and the US Energy Information Administration on Wednesday are expected to show a 100 000 barrel rise in gasoline stockpiles, six analysts polled by Reuters estimated. Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as US coronavirus cases surged, potentially hampering a recovery in fuel demand. US West Texas Intermediate (WTI) crude CLc1 futures climbed 13 cents, or 0.3%, to $40.76 a barrel at 0103 GMT, recouping a 2 cent loss from Monday. Brent crude LCOc1 futures rose 7 cents, or 0.2%, to $43.17, adding to a 0.7% gain on Monday. The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week and by record supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and allies, together known as OPEC+, AxiCorp strategist Stephen Innes said. However, traders are also closely watching prospects for US fuel demand, with 16 states reporting record increases in new cases of COVID-19 in the first five days of July, according to a Reuters tally. Florida confirmed a record 11 000 cases in a single day, more than any European country reported in one day at the height of the crisis. "Summer driving demand in the US is low, keeping gasoline demand subdued, and a reintroduction of lockdowns is a major headwind, ANZ said in a note. Data from the American Petroleum Institute industry group later on Tuesday and the US Energy Information Administration on Wednesday are expected to show a 100 000 barrel rise in gasoline stockpiles, six analysts polled by Reuters estimated. Meanwhile a US court on Monday ordered the shutdown of the Dakota Access pipeline, the biggest artery transporting crude oil from North Dakota’s Bakken shale basin to Midwest and G

EDITORIAL: Claimants may wait a long time for Steinhoff

It will take a cursory glance at Steinhoff’s latest annual report to see that legal claims worth at least R170bn - from everyone from former business partners to shareholders, including once one of its biggest, former chair Christo Wiese - are not going to be a pot of gold. In the space of half a century, Steinhoff was propelled to the upper echelons of the SA and European retail industry with operations straddling four continents and a market capitalisation of more than R200bn before a R100bn-plus fraud triggered an astonishing turnaround of fortunes. With shareholder equity all but wiped out, former business partners, some of whom sold their businesses in exchange for shares in Steinhoff, and shareholders have launched multiple litigation claims against the company on grounds that they were duped into buying worthless stock by the misleading and false information. At R59bn, Wiese’s claim is by far the largest. In an attempt to have all his assets under one roof, Wiese sold Pepkor, a company he was instrumental in building into one of Africa’s biggest clothing retailers, to Steinhoff in 2014 - in a deal that drew criticism as the clothing retailer was an uncharted territory for Steinhoff, best known for its furniture outlets. It could have been worse for Wiese. Months before Markus Jooste resigned as Steinhoff CEO after the company revealed holes in its balance sheet that later turned out to be SA’s biggest corporate scandal, Wiese had engineered a deal that would have seen a Steinhoff-Shoprite tie-up. Luckily, Shoprite investors turned down the deal as having little strategic and commercial merit. Last week’s annual report showed what Wiese already knew: Steinhoff’s balance sheet is too weak to pay even 10% of the claims, which include a demand worth almost R12bn from Lancaster - an investment firm that used a loan advanced by the government’s pension fund asset manager, the Public Investment Corporation, to buy into S

Isaah Mhlanga - Just how big a risk is bubonic plague? - Daily News Headlines in Nigeria and the World

Isaah Mhlanga | Just how big a risk is bubonic plague? By WhatsApp Isaah Mhlanga, chief economist at Alexander Forbes. Reports of new Covid-19 infections in Beijing and a bubonic plague outbreak in the Mongolia autonomous region may derail recovery and introduce a new risk for markets. For policymakers, we still have an incomplete response to Covid-19. Being the second-largest economy in the world, developments in China often drive sentiment in markets. Recent global economic data has been encouraging, so much that risk appetite has improved to the benefit of global equity markets and many emerging markets’ borrowing costs. quick rebound in China’s economic activity following the most stringent lockdown due to Covid-19 helped to revive emerging-market assets. However, there are reports of new Covid-19 infections in Beijing and a bubonic plague outbreak in the Mongolia autonomous region, which may derail the recovery and introduce a new risk for markets. We know of the Covid-19 impact as we are still reeling in it with roughly 11 million people infected globally and over half a million dead globally. While we do not know how the Covid-19 will end, historical estimates of the bubonic plaque are sobering. It was responsible for 50 million deaths across Africa, Asia and Europe in the 14th Century, in what is now known as the Black Death. High alert The plague did not disappear completely, as it emerged again and killed 20% of London’s population and more than 12 million people in China and India in 1 665 and the 19th century, respectively. Rightly so, the Chinese authorities are on high alert and actively encouraging citizens to keep safe. What could this mean for the global economy, emerging markets and the investment landscape? Several avenues of impact come to mind. First, a round out of market developments last months to provide context. Global short and long term bond yields have declined over the past month and continued into the first week of July, across t

From Takealot to Mediclinic - here are some bursaries available for university study in 2021

While schools face challenges staying open despite the country's rise in coronavirus cases, the country's academic year continues. Matriculants returned to the classroom in June. Business Insider has compiled a list of some of the bursaries that are still on offer. For more stories go to www.BusinessInsider.co.za. The academic year has resumed as South Africa continues to fight rising Covid-19 infections. With over 700 schools across the country impacted by the coronavirus, learning has been affected in some areas. At least 523 learners and 1,169 staff members have tested positive for Covid-19. According to the education department, some schools were temporarily closed and have since reopened. Matric students, who returned to school at the beginning of June, are still expected to complete their school careers this year. Business Insider took a look at the bursaries on offer for university study: MediClinic Mediclinic is offering bursaries for students looking to pursue courses in the medical field. Academic progammes sponsored: Operating department assistant, enrolled nurse. Requirements: Applicants must be South African citizens, have a valid Matric certificate or higher and must not currently be registered with the South African Nursing Council. Applicants must also pay a non-refundable registration fee. Closing date: 31 July 2020 Takelot One of South Africa's leading ecommerce retailers is looking for students interested in studying for a degree in the information systems and engineering sectors. Academic programme sponsored: Computer Science, Computer Engineering, Information Technology, Information Systems, Electrical Engineering, Electronic Engineering. Requirements: Must have an average of 65% or higher for the undergraduate degree and/or latest examinations, applicants must be studying at a recognised South African university and must be available to work for Takealot during holidays and upon graduation. Applications must be done online. Closing date: 30 September 2020 South Africa

Watch Broad rally on US markets, China up: ASX poised to open higher on Channel 24

Broad rally on US markets, China up: ASX poised to open higher 07 Jul 2020 - Following a wide-ranged rally from US markets overnight, the ASX looks set to open higher this morning, despite the coronavirus continuing to hit the United States. White House health advisor Dr. Anthony Fauci says that the resurgenc... 0secs Business, Money

BUSINESS MAVERICK: The economic consequences of Covid-19 may long outlive the pandemic - Zobo.co.za:South Africa News, Updat

BUSINESS MAVERICK: The economic consequences of Covid-19 may long outlive the pandemic dailymaverick (Today) - Will Covid-19 finally trigger a long-overdue technological disruption of higher education? Throughout the world, sudden mid-semester lockdowns aimed at combating the pandemic forced universities to switch to distance learning almost... Older News Maverick Life: Unlocked: Poems for Critical Times (Series Two, Part Nine) dailymaverick (Today) - In times of uncertainty, many readers turn to poetry, seeking not just consolation but clarity. "Unlocked: Poems for Critical Times brings South African poems to those facing the isolation, confusion...

Breaking News Headlines In Roodepoort

Stand a chance to win a seven-night stay with Sun Vacation Club at Sun City caxton local media - July 2, 2020 If you are looking for the ideal getaway then Sun Vacation Club at Sun City is the place to go. Welties Primary principal tests positive for Covid-19 Siso Naile - July 2, 2020 The school released a statement on Facebook, informing the parents that the principal, Mr James van Dyk, tested positive for coronavirus. Johannesburg Water Hamberg deport close to reopening Jarryd Westerdale - July 2, 2020 Members of the public are equally frustrated as faults are going unattended, and the routine maintenance backlog increases. Roodepoort Motor Vehicle Registering Authority closed until further notice Jarryd Westerdale - July 1, 2020 "We have a fresh team who have not come into contact with any person with the virus and they are ready to come in WATCH: Florida doctor answers important questions on Covid-19 Jarryd Westerdale - July 1, 2020 With South Africa’s knowledge on the virus being disseminated through a central channel, few private practitioners have bravely taken the risk to voice their opinions, until now. Serving Those in Need: We Talk to Jeanette Sera From POWA . - July 1, 2020 We talk to POWA Counselling Manager Jeanette Sera about her career, the challenges she faces in it, and her views on domestic violence during the lockdown. She goes in-depth about what POWA is doing to help those in need. 5 Winter hacks to keep you warm with Guzzle . - July 1, 2020 Winter is here and keeping warm is one of the top priorities of the season. Besides the usual winter routine of drinking hot beverages, using a hot water bottle and a heater, there are many other creative ways to stay warm. Adele Bloem - June 30, 2020 The DJ has also travelled throughout the country to showcase his talents as a DJ Zandspruit residents take to the streets to protest against land grabs Siso Naile - June 30, 2020 What’s sad about the situation, according to the councillor, is that this happens on

Egypt reports first drop below 1 000 new COVID-19 cases since May 27 - Breaking news, special reports, world, business, spor

Egypt reports first drop below 1 000 new COVID-19 cases since May 27 7 July 2020, 1:11 AM | Reuters | @SABCNews Image: Reuters A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt. Egypt reported 969 new coronavirus cases on Monday, the Health Ministry said, the first drop below 1 000 registered daily since May 27. In total 76 222 COVID-19 cases have been reported and 3 422 deaths, including 79 on Monday, the Ministry said in a statement. Egypt reopened resorts to foreign tourists last week after tourism came to a halt in March under measures to curb the coronavirus outbreak. But Egypt was not on an initial "safelist of 14 countries for resumption of non-essential travel to the European Union, announced last week. Tourism accounts for 5% of Egypt's economic output, according to the government. But analysts put the figure as much as 15% if jobs indirectly related to the sector are included. This entry was posted on 07 Jul 2020,01:11AM at 1:11 AM and is filed under Africa , COVID-19 in Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

China reports 8 new coronavirus cases in mainland as of end-July 6 vs 4 a day earlier - Breaking news, special reports, worl

China reports 8 new coronavirus cases in mainland as of end-July 6 vs 4 a day earlier 7 July 2020, 3:28 AM | Reuters | @SABCNews Image: Reuters As of July 6, China had a total of 83 565 confirmed coronavirus cases while the death toll remained at 4 634. China reported eight new coronavirus cases in the mainland for July 6, up from four a day earlier, the health authority said. All of the new infections were imported cases, involving travelers entering China from abroad, while the capital city of Beijing reported zero new cases, the National Health Commission said in a statement on Tuesday. There were no new deaths. China also reported 15 new asymptomatic coronavirus cases for July 6, up from 11 a day earlier. As of July 6, China had a total of 83 565 confirmed coronavirus cases while the death toll remained at 4 634. This entry was posted on 07 Jul 2020,03:28AM at 3:28 AM and is filed under World . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Miami rolls back restaurant dining as US coronavirus deaths top 130 000 - Breaking news, special reports, world, business, s

Miami rolls back restaurant dining as US coronavirus deaths top 130 000 7 July 2020, 2:28 AM | Reuters | @SABCNews Image: Reuters Restaurants and bars also were singled out for a weekend crackdown on coronavirus enforcement in California, where hospitalisations for the highly contagious respiratory virus have jumped 50% over the past two weeks. Florida’s greater Miami area became the latest US coronavirus hot spot to roll back its reopening, ordering all restaurant dining closed on Monday as COVID-19 cases surged nationwide by the tens of thousands and the US death toll topped 130 000. Restaurants and bars also were singled out for a weekend crackdown on coronavirus enforcement in California, where hospitalisations for the highly contagious respiratory virus have jumped 50% over the past two weeks. For an eighth straight day, Texas registered an all-time high in the number of people hospitalized with COVID-19 at any one moment, up more than 500 admissions from the day before to nearly 8 700. California, Texas and Florida are all among two dozen states reporting high infection rates as a percentage of diagnostic tests conducted over the past week, an alarming sign of a virus still spreading largely unchecked throughout much of the country. The Miami-Dade County emergency restaurant closure was ordered on Monday by Mayor Carlos Gimenez, the top official in a metropolitan area that has reported some 48 000 COVID-19 infections to date among its 2.8 million residents. The move reimposing rules to permit carry-out and delivery service only, just weeks after eateries began welcoming customers back to their favorite tables, booths and patios, left struggling restaurateurs even more worried about the survival of their businesses. "We’re burned out emotionally, we’re burned out financially, and we’re burned out from the trauma of seeing everything that’s happening, said Karina Iglesias, a partner at the popular Spanish restaurants Niu Kitchen and Ars

Portfolio Committee on Small Business Development - Parliament of South Africa

Portfolio Committee on Small Business Development Committees This committee can be contacted via the committee secretariat. King Kunene Prof Christian Themba Msimang Did you know? Although ordinary citizens may not submit bills to Parliament, they may lobby MPs or committees to introduce legislation that deals with their concerns.

BUSINESS MAVERICK OP-ED: South Africa - The 1% country

...obal growth, and You lose out on the compounding growth on the investments you have not made, You will not receive the diversification and the reduction in risk by spreading your risk to more types of industries and services. This means you will not receive the benefits of an income stream that will flow from these sources. This is particularly important for pensioners, You will not benefit from receiving guidance from world-class financial investment professionals, or from world-class international financial centres, and Finally, you will not have the peace of mind that those who did invest offshore have. The political risks of all our local crises are an add-on benefit. Fourie says that in investing offshore, you have two main choices, namely: Investing through a local or offshore endowment policy, which opens the way to more underlying investments, or Through a direct share portfolio or more traditional Financial Sector Conduct Authority (FSCA) category 3 investment, namely a unit trust fund. This is the option used more usually by living annuity pensioners. This avenue is also open to pre-retirement annuity funds, pension funds, provident funds and preservation members. Investment in retirement funds, retirement annuity funds, provident and preservation funds are governed by Regulation 28 of the Pension Funds Act that only allows 30% to be invested offshore. Regulation 28 is a prudential investment regulation that limits how much you may invest in different assets and percentages of underlying assets. However, living annuities are not affected by Regulation 28. You can take all your money in a living annuity and invest it offshore. This is not being suggested, but it gives you more freedom of movement. Again, how much you invest offshore will be dependent on how wealthy you are and the drawdown rate in your living annuity. One of the issues with default annuities is that they limit your offshore investments to 30% in line with Regulation28. Everyone has a choice on what vehicle to u

News - Case Law - Constitutional Court

Polity.org.za | News | Case Law | Constitutional Court Close Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. With... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to register on Polity.org.za. Your password will be sent to this address. Sponsored by Telkom SA SOC Limited v City of Cape Town and Another (CCT287/19) [2020] ZACC 15 26th June 2020 Click here to read the full judgment on Saflii [1] This is an application for leave to appeal against the decision of the Supreme Court of Appeal,... → New Nation Movement NPC and Others v President of the Republic of South Africa and Others (CCT110/19) [2020] ZACC 11 11th June 2020 Click here to read the full judgment on Saflii [1] This is an application lodged on an urgent basis on 18 April 2019. The applicants were seeking... → 29th May 2020 Click here to read the full judgment on Saflii [1] This matter concerns two applications for direct leave to appeal against the whole judgment and... → More Constitutional Court Maswanganyi v Minister of Defence and Military Veterans and Others (CCT170/19) [2020] ZACC 4 20th March 2020 Click here to read the full judgment on Saflii Termination of employment by the South African National Defence Force - ex lege (by operation of... → Competition Commission of South Africa v Standard Bank of South Africa Limited; Competition Commission of South Africa v Standard Bank of South Africa Limited; Competition Commission of South Africa v Waco Africa (Pty) Limited and Others (CCT158/18; CCT17 21st February 2020 Click here to read the full judgment on Saflii [1] The first judgment, written by Theron J, dismisses the appeals in CCT158/18 and CCT218/18 (the... → Associa

Tres semanas después: las actas de la Reserva Federal

Austrian Economics Tres semanas despues: las actas de la Reserva Federal With the venerable Dr. Thomas Sowell turning ninety this week, a question arises in the fintwit (financial Twitter) world: Who is the greatest living economist? This question is more difficult than it appears. First, determining the "greatest individual in any human field is always a highly subjective endeavor, whether we're talking about economists or basketball players. Do we mean the most brilliant economist, in terms of sheer mental horsepower, or the most influential? The most prolific? Most "correct? Most respected? Most listened to, either by policymakers or the public? The economist with the most significant impact today? The most famous? Someone who is most popular among their academic peers, or best known to lay audiences? A wonkish technician, or a pop editorialist like Paul Krugman? Someone with a strong political orientation, like Thomas Piketty, or an ideologically inscrutable professor type? And should lay audiences have a vote, or only professional and academic economists equipped to judge the technical prowess and substance of a peer? Again, this question is highly subjective and unlikely to produce a broad consensus answer. But let me offer three seemingly obvious criteria for greatness: (i) the individual has made significant original contributions to the existing economics literature, and not only in a very narrow area or subdiscipline; (ii) the individual has produced a significant treatise (not just a book or articles) synthesizing and expanding the existing body of knowledge in at least one important area of economics (e.g., money and banking); and (iii) the individual will continue to be widely read and cited after their death. With all this in mind, I asked several economists to nominate the greatest living economist. Admittedly everyone I canvassed is Austrian or free market in their orientation, but all were asked to consider the profession as a whole in their answers. And I insisted they li

JSE faces mixed Asian markets on Tuesday - Quantified Strategy Consulting

JSE faces mixed Asian markets on Tuesday 7 Jul 2020 Stocks remain beset by two main themes, positive economic data and the threat of rising Covid-19 cases Read the full article here . This content was originally published by BusinessLIVE . Original publishers retain all rights. It appears here for a limited time before automated archiving. By BusinessLIVE Search for:

DGAP-News: AURELIUS sells MEZ handicraft products business in continental Europe to a Swiss entrepreneur

DGAP-News: AURELIUS sells MEZ handicraft products business in continental Europe to a Swiss entrepreneur AURELIUS EQ.OPP. O.N. 15 min delayed data - Germany Stocks Open: DGAP-News: AURELIUS sells MEZ handicraft products business in continental Europe to a Swiss entrepreneur 0 DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Disposal AURELIUS sells MEZ handicraft products business in continental Europe to a Swiss entrepreneur 07.07.2020 / 07:00 The issuer is solely responsible for the content of this announcement. AURELIUS sells MEZ handicraft products business in continental Europe to a Swiss entrepreneur - MEZ Group on a course of growth after the reorientation by AURELIUS - The continental European business is now being sold after the sale of the company's activities in the UK and North America a few months ago - Existing management team of MEZ to remain on board Munich, July 7, 2020 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) is selling its subsidiary MEZ GmbH, which is headquartered in the Baden-Württemberg town of Herbolzheim, to a Swiss entrepreneur. With a history dating back more than 100 years, MEZ is one of the leading vendors of handicraft products in Europe, with its own production facility in Hungary. It has belonged to the AURELIUS Group since 2015. The transaction is expected to close in July. The parties have agreed not to disclose financial details. The buyer is an experienced Swiss entrepreneur who will continue to implement the company's current strategy together with the existing management team. During the time when it belonged to the AURELIUS Group, the company was restructured, the cost structure optimized and the product portfolio adapted to changing consumer preferences. The brand and product portfolio was streamlined with respect to markets and sales channels, the logistical operations were optimized and pure distribution companies were carved out in other countries of Europe besides Germany. Now,

Audits of legal practitioners' business accounts

Audits of legal practitioners’ business Audit requirements relating to the business accounts of legal practitioners have now been clarified. In October 2019, the Companies and Intellectual Property Commission (CIPC) issued a notice of the withdrawal of the non-binding opinion pertaining to Regulation 28(2)(a) of the Companies Regulations 2011 to the Companies Act 2008. This opinion applied to legal practitioners who are registered as companies in terms of the Companies Act. This opinion considered whether the holding of assets in the legal practitioners’ trust accounts is regarded as part of the ordinary course of the legal practitioner’s primary business. As a result of the withdrawal of the opinion, the business accounts of legal practitioners who are subject to the Companies Act − that is, who are registered companies − and who hold assets in trust in excess of R5 million at any time during the financial year are now required to be audited. Overview of legislative requirements The South African Legal Practice Council Rules issued in terms of sections 95(1), 95(3) and 109(2) of the Legal Practice Act 28 of 2014 require an audit engagement to be undertaken on the compliance of the legal practitioner’s trust accounts with the Act and the Rules. Currently, there is no requirement in the Act or the Rules for a legal practitioner’s financial statements to be audited, as they relate to the business accounts of the firm. Such requirement may however emanate from another Act, such as the Companies Act. Regulation 28(2) of the Companies Regulations provides that, in addition to public companies and state-owned companies (SOC), where the audit of any other company is desirable in the public interest, as indicated by prescribed criteria in any particular financial year, the annual financial statements (AFS) of that company must be audited. One of the prescribed criteria (among others), is that an audit is required ‘if i

China's Sinovac starts late stage trials for its COVID-19 vaccine - Breaking news, special reports, world, business, sport c

7 July 2020, 5:01 AM | Reuters | @SABCNews Image: Reuters Sinovac initiated the development of the vaccine candidate in late January and is preparing a coronavirus vaccine plant,which it hopes will be ready this year and capable of making up to 100 million shots a year. China's Sinovac Biotech is starting Phase III trials of its potential coronavirus vaccine in Brazil, it said on Monday, becoming one of three companies to move into the late stages in the race to develop an inoculation against the disease. It follows a fast-track approval for the trials by Brazilian regulators last week. Sinovac said the study, which will be done in partnership with Brazilian vaccine producer the Instituto Butantan, would recruit nearly 9 000 healthcare professionals working in COVID-19 specialised facilities and start this month. AstraZeneca's experimental COVID-19 vaccine,developed by researchers at the University of Oxford, and China National Pharmaceutical Group (Sinopharm) are the only other candidates in late-stage Phase III trials. Moderna also plans to start its late-stage trial this month. Sinovac initiated the development of the vaccine candidate in late January and is preparing a coronavirus vaccine plant,which it hopes will be ready this year and capable of making up to 100 million shots a year. Phase I and Phase II trials typically test the safety of a drug before it enters Phase III trials that test its efficacy. The World Health Organization (WHO) says there are 19 vaccine trials in clinical evaluation and hundreds being developed and tested around the world to stop the COVID-19 pandemic, which has killed hundreds of thousands of people and ravaged the global economy. No COVID-19 vaccine has yet been approved for commercial use. A Massachusetts Institute of Technology analysis last year found that about one in three vaccines in the first stage of testing later gains approval. This entry was posted on 07 Jul 2020,05:01AM at 5:01 AM and is filed under Sci-tech . You can follow any responses to

Dlamini-Zuma expresses shock over passing of North West Cooperative Governance and Traditional Affairs MEC - Breaking news,

Dlamini-Zuma expresses shock over passing of North West Cooperative Governance and Traditional Affairs MEC 7 July 2020, 5:52 AM | SABC Digital News | @SABCNews Image: SABC News North West Cogta MEC Gordon Kegakilwe was described as a committed activist who was passionate about issues affecting the poor. The Minister of Cooperative Governance and Traditional Affairs (CoGTA), Dr Nkosazana Dlamini-Zuma says she has learned with shock about the passing of North West CoGTA MEC, Mothibedi Gordon Kegakilwe. Kegakilwe died in hospital on Monday afternoon after testing positive for the coronavirus last week. He was appointed as CoGTA MEC, Human Settlements and Traditional Affairs MEC in 2019 following the National and Provincial Elections. In a statement, Dlamini-Zuma says Kegakilwe understood the importance of the portfolio and carried out its responsibilities with dignity and that they had established a good working relationship in this past year that they have worked together. "MEC Kegakilwe was passionate about the issues affecting the poor and the most vulnerable section of the population. He was a committed activist who has served the province in various roles before his appointment as the MEC role. The Minister's full statement below: Minister Dlamini-Zuma mourns the passing of MEC Mothibedi Gordon Kegakilwe from SABC News MECs in self-quarantine Eight other MECs, who were in contact with Kegakilwe, are reportedly in self-quarantine and are expected to be tested for the virus soon. Public Works MEC Gaoage Molapisi is also reported to have tested positive and is in self-isolation. Conveying condolences to Kegakilwe's family, North West Premier Job Mokgoro described the late MEC as having distinguished himself as "one of the finest to have come from the ranks of the governing African National Congress (ANC) and a tried and tested cadre. Additional reporting by Patrick Dintwa In the video below, the SABC's Samkele Maseko reports on the story: This entry was posted on 07 Jul 2020,05:52AM at 5:52

Demand in industrial retail and office markets has weakened FNB survey shows

The industrial property market is the strongest of the three major commercial property sectors, but there has been a weakening of demand in the industrial, retail and office markets. This was according to the latest FNB Property Broker Survey for the second quarter, compiled by FNB Commercial Property sector strategist John Loos. The views of commercial property brokers in Johannesburg, Tshwane, Ethekwini, Cape Town and Nelson Mandela Bay were sampled for the survey. Demand for industrial property was stronger in the three coastal metros, Cape Town, Nelson Mandela Bay and Ethekwini, with Gauteng metro regions the area of relative weakness and with Johannesburg being especially weak. Nelson Mandela Bay and Ethekwini were perceived to be the strongest industrial property markets, but Ethekwini and Cape Town were believed to be the most sought-after cities in terms of retail property demand, while demand for offices was viewed as the best in Cape Town. Commercial property markets were generally viewed to be the weakest in Gauteng, especially greater Johannesburg. Nelson Mandela Bay was the weakest retail property market. In all three property classes, occupied properties were reported to sell faster than vacant properties. The brokers also strongly leaned towards an increasingly oversupplied market in all 3 sectors. "The industrial market possesses the lowest percentage of respondents, ie 67 percent perceiving supply to exceed demand, whereas 91 percent perceive supply to exceed demand in retail property and 87 percent in the case of the office property market, the survey noted. The average time on the market for occupied industrial properties was 19.74 weeks, slightly quicker than 23.58 weeks in the case of office, and 25.28 weeks for retail space, bearing in mind also the impact of Covid-19. Vacant industrial properties, too, averaged the shortest average time on the market of 24.39 weeks. The estimates for industrial property’s time on the market prior to sales, was the shortest

Access to HIV medicine severely disrupted due to COVID-19: WHO - Breaking news, special reports, world, business, sport cove

Access to HIV medicine severely disrupted due to COVID-19: WHO 7 July 2020, 6:02 AM | Thabile Mbhele | @SABCNews Image: Reuters WHO has called on governments to double-up efforts to ensure that HIV/AIDS services are not interrupted with focus being shifted to COVID-19. The World Health Organisation (WHO) says access to HIV medicine has been severely disrupted because of COVID-19, with 73 countries reporting that they are at risk of ARV stock-outs. The organisation has called on governments to double-up efforts to ensure that HIV/AIDS services are not interrupted with focus being shifted to COVID-19. The call has been made at the opening of the 23rd International Aids Conference originally set to take place in Oakland and San Francisco in the United States. 38 million people are living with HIV while 11.5 million people have been infected with COVID-19 globally. Last year, 690 000 people died of Aids-related illnesses. The United Nations agency, UNAIDS, warned that over half a million people will die of HIV in Sub-Saharan Africa alone if HIV/AIDS services are disrupted for another six more months because of COVID-19. UNAIDS Executive Director Winnie Byanyima says, "We've modelled with WHO and put out an alert that if these severe disruptions were to continue for another six months we could have 500 000 additional deaths in Sub-Saharan Africa. We can't afford that. We could have a reversal on mother to child transmission taking us back to 10 years ago. "So keep both goals in the air, keep the services going for both diseases, Byanyima urged. The Director-General of the WHO, Tedros Ghebreyesus, says the organisation is deeply concerned about the impact of COVID-19 on HIV services globally and has called on governments to be creative about how they balance provision of services for HIV and COVID-19. Ghebreyesus says, "But this is just the tip of the iceberg. While tackling COVID-19 is a global priority, we must not turn our backs on the 38 million people living with HIV and the millions more a

Kibali's $500m will be cleared to leave Congo 'very soon' - Barrick CEO

Kibali's $500m will be cleared to leave Congo 'very soon' - Barrick CEO Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From Kibali's $500m will be cleared to leave Congo 'very soon' - Barrick CEO Name & Surname SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + JOHANNESBURG - Barrick Gold's Kibali gold mining joint venture in Democratic Republic of Congo will be able to get $500-million out of the country very soon, CEO Mark Bristow told Reuters on Monday. The gold miner has been in discussions with Congo's government over how to get the money out of the country for months. A resolution was close in January, but then the Covid-19 pandemic hit, Bristow said in a telephone interview. Advertisement Bristow said he expected the cash to be cleared for exit "very soon", declining to give a specific timeline, after intensive discussions with the central bank, the mines minister, and the prime minister. Under Congo's 2018 mining code, miners must repatriate 60% of revenue from mineral sales back into the Congo, to help develop Congo's economy. Advertisement The $500-million is the excess left over after Kibali repatriated 60% of revenue and paid all its in-country expenses, Bristow said. Barrick needs the $500-million in order to pay back loans and dividends, Bristow said. AngloGold Ashanti, which owns 45% of Kibali, is entitled to half the money after dividends are paid, he said. AngloGold Ashanti declined to comment, referring Reuters back to Barrick. In May, Bri

Soveel hou OBK nou van FirstRand ná ontbondeling

Soveel hou OBK nou van FirstRand ná ontbondeling Die Openbare Beleggingskorporasie (OBK) hou nou 14% van FirstRand nadat RMB Beherend (RMH) sy belang in die bankgroep ontbondel het. Mediese-Fondse Mediese fondse verwag hul lidmaatskap gaan met gemiddeld 15% daal omdat hul lede weens die impak van die koronaviruspandemie nie meer hul premies sal kan bekostig nie. Aftrede Boeta het besef hy kan alien-taal praat en Pops besluit sy wil ‘baba’ speel. Hier is die jongste aflewering van Carla Lang se #Kouekoffiema-rubriek. Menings Mense het die African Grey-papegaai (Psittacus erithacus) "tot die dood toe lief. Menings ’n Suid-Afrikaanse operasanger het die wêreld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Ennio Morricone, een van die bekendste komponiste van rolprentmusiek, is op 6 Julie op 91-jarige leeftyd in ’n hospitaal in Rome oorlede. Hy het geval en ’n been gebreek waarna hy opgeneem is en ’n paar dae later dood is. Musiek Kyk: Emma huldig Van Gogh met eie weergawe van lied Die Kaapstadse sanger Emma van Heyn gee nuwe betekenis aan die liedjie "Starry Starry Night oor die kunstenaar Vincent van Gogh. Sy het in die psige van die kunstenaar gedelf vir haar vertolking en gee die ontstellende gedagtes en diepe hartseer in Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. Dís beslis goeie nuus!. Buite Ek het grootgeword met hierdie lekkerte. Leef Op en Af Netwerk24 se blitsreeks, Op en Af, is ’n komedie en volg die lewe van drie paartjies wat in dieselfde woonstelblok in Kaapstad woon. Op die oog af lyk almal baie gelukkig, maar agter toe deure klop al drie paartjies by &rsquo

MSM - MASSMART HOLDINGS LIMITED - Massmart commences consultation process in terms of section 189 and 189A of the Labour Rel

Back to MSM SENS MASSMART: 2,281 0 (0.00%) 07/07/2020 08:30 MASSMART HOLDINGS LIMITED - Massmart commences consultation process in terms of section 189 and 189A of the Labour Relations Act Game stores Release Date: 07/07/2020 08:30 Wrap Text Massmart commences consultation process in terms of section 189 and 189A of the Labour Relations Act - Game stores Massmart Holdings Limited (Incorporated in the Republic of South Africa) Company registration No. 1940/014066/06 JSE Code: MSM ISIN: ZAE 000152617 ("Massmart" or the "Company" or "the Massmart Group) MASSMART COMMENCES CONSULTATION PROCESS IN TERMS OF SECTION 189 AND 189A OF THE LABOUR RELATIONS ACT - GAME STORES The Massmart Group has recently completed an assessment of opportunities to improve our South African Game store efficiencies. Consequent to this project, Massmart advises shareholders that the group has commenced, with respect to its Game stores in South Africa, a consultation process in terms of section 189 and section 189A of the Labour Relations Act 66 of 1995, as amended ("the LRA); with organised labour and other relevant stakeholders. This process may potentially affect 1 800 employees in our Game stores in South Africa. Shareholders will be advised of the outcome of the consultation process. 7 July 2020 Sponsor JP Morgan Equities South Africa (Pty) Ltd Date: 07-07-2020 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. Sharenet Wealth Risk Disclosure: Sharenet will not accept

DGAP-News: B.R.A.I.N. Biotechnology Research And Information Network AG: Change in the Management Board of BRAIN AG - Chief

News › DGAP-News: B.R.A.I.N. Biotechnology Research And Information Network AG: Change in the Management Board of BRAIN AG - Chief Business Officer Ludger Roedder is leaving the executive board with immediate effect B.R.A.I.N. NA 15 min delayed data - Germany Stocks Open: DGAP-News: B.R.A.I.N. Biotechnology Research And Information Network AG: Change in the Management Board of BRAIN AG - Chief Business Officer Ludger Roedder is leaving the executive board with immediate effect 0 12 DGAP-News: B.R.A.I.N. Biotechnology Research And Information Network AG / Key word(s): Personnel B.R.A.I.N. Biotechnology Research And Information Network AG: Change in the Management Board of BRAIN AG - Chief Business Officer Ludger Roedder is leaving the executive board with immediate effect 07.07.2020 / 08:30 The issuer is solely responsible for the content of this announcement. Change in the Management Board of BRAIN AG Chief Business Officer Ludger Roedder is leaving the executive board with immediate effect Zwingenberg, Germany 07 July 2020 The biotechnology company B.R.A.I.N. Biotechnology Research and Information Network AG announces that Chief Business Officer Ludger Roedder will leave the executive board by mutual agreement with immediate effect on July 7th, 2020 due to different strategic visions. Mr. Roedder will leave the BRAIN AG at the end of the calendar year. Dr Georg Kellinghusen, Chairman of the Supervisory Board, states: "We like to thank Ludger Roedder for his contribution and commitment to the development of the BRAIN AG since 2018 and wish him the most success for his next ventures. We feel very comfortable with the future setup of a two person's board consisting of Adriaan Moelker, CEO, and Lukas Linnig, CFO. Currently we are not planning a succession for Ludger Roedder". About BRAIN B.R.A.I.N. Biotechnology Research and Information Network AG (BRAIN AG; ISIN DE0005203947 / WKN 520394) is one of Europe's leading technology companies in the field of industrial biotechnology, the

Joburg Metro Police trainees accuse ANC administration of victimising them - Breaking news, special reports, world, business

Joburg Metro Police trainees accuse ANC administration of victimising them 7 July 2020, 7:30 AM | Horisani Sithole | @SABCNews Image: JMPD Twitter In March 2020, the City of Johannesburg announced that it will be sending back the 1 500 officers who had just graduated back to school, citing that most of them were unable to direct traffic or handle firearms. Over a thousand Joburg Metro Police who graduated in November 2019 claim they are being used as a political football. In March 2020, the City of Johannesburg announced that it will be sending back the 1 500 officers who had just graduated back to school , citing that most of them were unable to direct traffic or handle firearms. However, the officers are accusing Joburg Member of Mayoral Committee (MMC) for Public Safety Mally Mokoena of victimising them since they were hired during Former Joburg Mayor Herman Mashaba's DA-led administration. Last week, the officers staged a peaceful demonstration at the JMPD Academy after they were ordered not to wear their service uniform. One of the officers, who chose to remain anonymous, says there's no way all 1 500 new officers could be incompetent. "I think the problem is that the project was under Herman Mashaba and the former Mayor was under DA and when Mashaba resigned the ANC took over and that's where things went wrong. Now the ANC Mayor and the MMC are trying to show that the DA did not do their job. The officer says if the City was fair, they would deal with the incompetent officers only. "Something doesn't add up. I mean if there are people with the problems that they are alleging how come they are not dealing with them individually. This is pure politics and it's a pity we are dragged in. We just want to work for our families and serve our country. SABC News made an attempt to secure an interview with Joburg Community Safety MMC Mally Mokoena, but her office referred all queries to Joburg Metro Police Spokesperson Wayne Minnaar. Minnaar says JMPD has processes to be followed if there's a

REDEFINE PROPERTIES LIMITED - Update on disposal of RDI REIT shares - SENS

Update on disposal of RDI REIT shares REDEFINE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1999/018591/06) JSE share code: RDF ISIN: ZAE000190252 LEI: 37890061EC026A7DA532 (Approved as a REIT by the JSE) ("Redefine or "the Company) UPDATE ON DISPOSAL OF RDI REIT SHARES Shareholders are referred to the announcement released on SENS on 29 June 2020 wherein shareholders were advised that Redefine had: - announced a tender offer made to the holders of its outstanding 150,000,000 1.50 per cent Secured Exchangeable Bonds due September 2021 (the "Bonds) exchangeable into the ordinary shares of RDI pursuant to which bondholders could elect to tender to have all or any of their Bonds redeemed by Redefine (the "Tender Offer); and - concluded an agreement to dispose of up to 111 883 113 shares in RDI REIT P.L.C. ("RDI) being its entire shareholding in RDI, representing 29.42% of the RDI shares in issue to controlled affiliates of Starwood Capital Group (the "Disposal), conditional on the Tender Offer being accepted in respect of Bonds which, when added to the aggregate principal amount of Bonds previously exchanged, redeemed, purchased and cancelled by the Company was equal to 85% of the principal amount of Bonds originally issued (the "Offer Condition). Redefine confirms that it received irrevocable tender offers for 100% of the outstanding Bonds and that all offers have been accepted. Redefine further confirms that the Offer Condition has been fulfilled and accordingly the Disposal of all of its 111 883 113 RDI shares for an aggregate sale consideration of £106 288 957.35 will be implemented on 10 July 2020. 7 July 2020 Java Capital Date: 07-07-2020 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness

Business Maverick: Samsung's Strong Earnings Hint at Recovery From Covid-19 Fallout

Samsung’s Strong Earnings Hint at Recovery From Covid... Samsung’s Strong Earnings Hint at Recovery From Covid-19 Fallout By Bloomberg• 7 July 2020 Caption Samsung Electronics Co. Double-Data-Rate (DDR) memory modules are arranged for a photograph in Seoul, South Korea, on Friday, April 5, 2019. Samsung reported its worst operating-profit drop in more than four years, buffeted by falling memory-chip prices and slowing smartphone sales. Photographer: SeongJoon Cho/Bloomberg Business Maverick Samsung’s Strong Earnings Hint at Recovery From Covid-19 Fallout By Bloomberg• 7 July 2020 Caption Samsung Electronics Co. Double-Data-Rate (DDR) memory modules are arranged for a photograph in Seoul, South Korea, on Friday, April 5, 2019. Samsung reported its worst operating-profit drop in more than four years, buffeted by falling memory-chip prices and slowing smartphone sales. Photographer: SeongJoon Cho/Bloomberg Samsung Electronics Co. reported better-than-expected profits after surging internet traffic propelled chip demand and gadget sales started recovering from the Covid-19 slump. Save The world’s largest manufacturer of memory chips and smartphones posted operating profit of 8.1 trillion won ($6.8 billion) in the three months ended June, beating the 6.2 trillion won average of estimates. Sales for the quarter were 52 trillion won, according to preliminary results released Tuesday. The company didn’t provide net income or break out divisional performance, which it will do later this month when it releases final results. Customers try out Samsung Electronics Co. Galaxy Tab tablet devices at the company’s Digital Plaza store in Seoul, South Korea, on July 5. The estimates include a one-time gain related to the display business. While the company didn’t offer details, some analysts estimated it could have recorded a gain of as much as 1 trillion won in compensation from Apple Inc. for fewer-than-promised displa

Blue Label in favourable trading update

DURBAN Blue Label Telecoms share price rose by almost 10 percent on the JSE yesterday after the mobile technology company released a favourable trading update for the year to end May with earnings expected to surge by more than 20 percent. Blue Label expects its earnings to improve compared to last year s losses of 727.81 cents a share a headline loss of 312.49c as well as 304.77c on its core headline loss. Last year the group took a massive hit due to Cell C s trading losses impairment of its property plant and equipment the impact of a derecognition of its deferred tax asset and the consequent impairment of Blue Label s total investment. Blue Label also warned yesterday that it expected its results to be offset by the closures of its WiConnect retail stores as a result of continued losses incurred on a monthly basis. While management had implemented a turnaround strategy at WiConnect which incorporated the strengthening of the retail management team a refocus of product sales as well as negotiating additional rebates from the network operators and original equipment manufacturers Covid 19 had a significant negative impact on the retail operations of WiConnect the group said. WiConnect also experienced increased costs of inventories as a result of a weaker rand periods of non trading as a result of the nationwide lockdown and consumers foregoing discretionary purchases. Given the uncertainty of the tenure of the pandemic and the resultant losses attributable impacting on its financial feasibility a decision was made by Blue Label to cease the operations of the WiConnect retail stores This would result in a negative impact of R330 million on the group s basic earnings for the year to end May the group said. The actual cash outflow required for the closure of the stores which is included in the R330m will however be confined to approximately R30m in that the balance of such negative earnings represents all trading losses which have been expended impairments to property plant and equipment a

Business Archives - Page 540 of 541 - Pakistan

Pakistan Observer 1 ... 538 539 540Page 540 of 540 The Pakistan Observer is an English-language daily newspaper published in Islamabad, Karachi, Lahore. The newspaper was founded in 1988 by the veteran journalist late Zahid Malik.

Traders welcome new FBR head - Pakistan

Pakistan Observer Traders welcome new FBR head By Staff Reporter Islamabad Business community on Monday welcomed Mohammad Javed Ghani on taking over the charge as Chairman Federal Board of Revenue and hoped that he would take measures to address the key tax issues of the business community on priority basis Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry (ICCI) in press statement said that the current government and SBP had made many commitments to streamline tax refunds of the business community, but the pace of work on the process was quite slow due to which the business community was facing liquidity issues. He said the COVID-19 pandemic had created extraordinary problems for the business community, while the lockdown had put many businesses at risk of permanent closure. This situation demanded that FBR should ensure speedy payment of tax refunds to taxpayers to mitigate their liquidity issues so that they would be able to revive business activities. Mohammad Ahmad Waheed urged the Chairman FBR to focus on automation of all refunds including customs duty, sales tax and income tax so that all refunds were automatically transferred to the bank accounts of the concerned taxpayers and they do not have to go to FBR for this purpose. Share

City of Joburg promises to pass budget by Friday as per Gauteng EXCO's directive - Breaking news, special reports, world, bu

7 July 2020, 7:30 AM | Zoleka Qodashe | @tshepimoche Image: SABC News CoGTA MEC in Gauteng, Lebogang Maile, says the failure to pass a budget will impact residents of Johannesburg negatively. The City of Johannesburg has assured the Gauteng Executive Council (EXCO) that it will comply with the council's directive to pass a municipal budget by Friday. The City failed to pass its annual budget last Wednesday. Gauteng Cooperative Governance, Human Settlements and Traditional Affairs (CoGTA) MEC, Lebogang Maile, says the failure to pass a budget will impact the City's residents negatively. "In terms of the law we are compelled as the Provincial Executive Council to intervene and that's why on Saturday, we had a meeting and came to a conclusion that we must give a directive that they must conclude the process by the 10th of July. In between, if they have not yet finalised the budget, they will have to subject whatever expenditure they want to the MEC for Finance, who in terms of the law, has the authority to approve interim expenditure, explains Maile. Municipal Mayor Geoff Makhubo has welcomed the directives. Mayoral spokesperson Mlimandela Ndamase says, "The Mayor does welcome the direction and the guidance that has been provided by the province. The council will be sitting within the required time frames and the Mayor is confident that council will be able to pass a budget. In addition, it will continue with the important matters before it, which is service the residence of the City of Johannesburg and to support the most vulnerable within the City. More especially within this particular moment in time of this COVID-19 pandemic. [STATEMENT]: Response to the interventions by the Gauteng Provincial Executive Council to pass the City of Johannesburg Budget within the timelines provided pic.twitter.com/09s5LsTwob - Geoff Makhubo (@GeoffMakhubo) July 6, 2020 This entry was posted on 07 Jul 2020,07:30AM at 7:30 AM and is filed under Politics , Homepage Latest Stories Slider . You can follow any re

DGAP-Adhoc: Redefine Properties Limited announces the results of its invitation to holders of its outstanding €150,000,000

News › DGAP-Adhoc: Redefine Properties Limited announces the results of its invitation to holders of its outstanding 150,000,000 1.50 per cent. Secured Exchangeable Bonds due 2021 (ISIN XS1488485720) exchangeable into shares of RDI REIT P.L.C. to tender their bonds for purchase BSA LIMITED DGAP-Adhoc: Redefine Properties Limited announces the results of its invitation to holders of its outstanding 150,000,000 1.50 per cent. Secured Exchangeable Bonds due 2021 (ISIN XS1488485720) exchangeable into shares of RDI REIT P.L.C. to tender their bonds for purchase 0 6 DGAP-Ad-hoc: Redefine Properties Limited / Key word(s): Miscellaneous Redefine Properties Limited announces the results of its invitation to holders of its outstanding 150,000,000 1.50 per cent. Secured Exchangeable Bonds due 2021 (ISIN XS1488485720) exchangeable into shares of RDI REIT P.L.C. to tender their bonds for purchase 07-Jul-2020 / 07:05 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT. THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014. Johannesburg / 7 July 2020 Redefine Properties Limited announces the results of its invitation to holders of its outstanding 150,000,000 1.50 per cent. Secured Exchangeable Bonds due 2021 (ISIN XS1488485720) exchangeable into shares of RDI REIT P.L.C. to tender their bonds for purchase Following the approval o

BMO Capital Markets Reiterates Buy Rating for Argonaut Gold (OTCMKTS:ARNGF)

BMO Capital Markets Reiterates Buy Rating for Argonaut Gold (OTCMKTS:ARNGF) BMO Capital Markets Reiterates Buy Rating for Argonaut Gold (OTCMKTS:ARNGF) Posted by Alphonse Anthony on Jul 7th, 2020 Tweet Argonaut Gold (OTCMKTS:ARNGF)‘s stock had its "buy rating reiterated by equities researchers at BMO Capital Markets in a report issued on Sunday, AnalystRatings.com reports. They presently have a $3.00 target price on the stock. BMO Capital Markets’ price target would suggest a potential upside of 44.23% from the stock’s current price. Separately, Scotiabank lifted their price target on Argonaut Gold from $2.75 to $3.00 and gave the stock an "outperform rating in a research note on Tuesday, June 23rd. Get Argonaut Gold alerts: Shares of OTCMKTS ARNGF opened at $2.08 on Friday. Argonaut Gold has a one year low of $0.53 and a one year high of $2.18. The company’s fifty day moving average is $1.52 and its two-hundred day moving average is $1.23. About Argonaut Gold Argonaut Gold Inc engages in the exploration, mine development, and production activities in North America. The company primarily explores for gold and silver deposits. Its primary assets include the El Castillo mine located in the State of Durango, Mexico; and the San Agustin project located in the State of Durango, Mexico.

PCDMA calls to remove budget anomalies - Pakistan

Pakistan Observer PCDMA calls to remove budget anomalies By Staff Reporter Karachi Amin Yousuf Balgamwala, chairman PCDMA & former director of Karachi Stock Exchange has expressed reservations over non-removal of budget anomalies by ignoring PCDMA’s recommendations and requested for a review from new chairman FBR Javed Ghani. Chairman PCDMA demanded to restore 2pc income tax on commercial importers and withdraw the decision to increase the income tax rate to 5.5pc. "No importance was given by the FBR anomalies committee while the Advisor to the PM on Trade & Investment Abdul Razak Dawood also did not play his role as a result demurrage & detention Charges are being imposed on imported goods at the ports, he added. He said that the PCDMA had pointed out in the proposals sent to the budget anomalies committee that in the federal budget for the financial year 2020-21, many raw materials of chemicals & dyes have been included in part2 to part3 i.e. finished goods and the income tax rate has gone up from 2pc to 5.5pc. Share

GROWTHPOINT PROPERTIES LIMITED - Changes to the Board of Directors - SENS

Changes to the Board of Directors Growthpoint Properties Limited Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Registration number 1987/004988/06) Share code: GRT ISIN ZAE000179420 (‘Growthpoint’ or "the Company) CHANGES TO THE BOARD OF DIRECTORS Growthpoint regretfully announces the resignation of Lynette Finlay as independent non- executive director with immediate effect due to her expanding business interests. The Board wishes to thank Lynette for her valuable contribution to the Board and specifically to the Audit Committee during her 11-year tenure. Ms Finlay’s resignation necessitated a change in the composition of the Property and Investment Committee, Audit Committee as well as the Social, Ethics and Transformation Committee. Composition of Property and Investment Committee: 1) FM Berkeley (Chairman) Sponsor to Growthpoint Date: 07-07-2020 07:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Business Maverick: What will it take to improve SA's private sector investment climate?

The dust is settling on the past few weeks of hard-to-hear economic and fiscal news. The sense of gloom was somewhat lifted by the promise of a private sector-backed, government-led infrastructure programme that could help nudge the South African economy out of recession and closer to its 2% long-term potential growth rate. However, without a pick-up in private sector investment into the private sector itself, the domestic economy is unlikely to achieve its still limited potential, let alone move beyond it, and thus the government cannot afford to see the infrastructure programme as a silver bullet. But what conditions will need to prevail before the private sector, historically the engine of economic growth, begins to reinvest in South Africa’s economic future? For years the government has been crowding out the private sector, absorbing the bulk of South Africa’s savings as the public sector’s borrowing requirement has burgeoned. With the domestic household savings pool too small, the government has had to rely heavily on foreign investors and corporate savings to meet its funding needs. Says Investec economist Annabel Bishop: "With foreign investors funding just under 40% of South Africa’s government borrowings, the government a dissaver and household savings relatively low, corporate savings have been key contributors to funding the rapid expansion of government debt and expenditure that has occurred over the course of this decade via the banking system. To reverse this trend and return to a healthy private sector investment environment, the following requirements would need to be met from a macroeconomic perspective: private investors would need to have confidence in the country’s economic future, as well as certainty about government policies going forward. The investment environment would also need to be conducive, namely, potential returns would need to be viewed as sustainable and sufficiently attractive, borrowing costs would need

Enabling business development with cloud technology

'); setTimeout( function() {var $stickyad = $('.ad-mediumrectangle'); var $footerElem = $('#nextclick-placeholder');$stickyad.stkyBx({topOffset: 67, show_placeholder: true, forceSticky : true, zindex: 10, stickEndElem: $footerElem}); console.log('end');},2000); Enabling business development with cloud technology 7 Jul 2020 | Save | Email | Print | PDF By: Marius Burger Cloud connectivity allows us to approach business activities differently. From managing data and operational processes more effectively to providing access to all areas of the business regardless of where they are. A solution that was once a luxury has now become a necessity. Marius Burger, Chief Information Officer at SEACOM Of course, none of this would be possible without a reliable connectivity source and provider to facilitate the communication between cloud services and corporate networks. Streamlining business processes By making use of cloud technology, businesses can streamline their processes in a cost-effective, reliable manner. These innovative technologies provide organisations with the flexibility to scale their operations as on-demand without incurring significant additional costs. This means that you can easily add onto an existing structure or remove certain elements with the simple click of a button - no additional labour or physical infrastructure is needed. It also means that business resources are accessible from any location while making use of a secure network. The mobility of this ensures that lost or stolen devices no longer pose such big security or business continuity risk to companies as the data is stored in the cloud. To ensure that important documents and data remain safe and secure, regular data back-ups need to become a business-standard. As a result, productivity increases as disruptions are mitigated using an online application. Cloud technology also enables instant access to the latest software and security updates as they are easier to install and don’t require additional capita

Thorisho Themane's murder case postponed to January 2021 - Breaking news, special reports, world, business, sport coverage o

7 July 2020, 7:14 AM | Katlego Nyoni | @SABCNews Image: SABC News The trial was postponed on Monday due to the absence of the defence lawyer representing accused number three. The murder trial of 10 suspects accused of killing Thorisho Themane has been postponed to January 2021. The 28-year-old Themane was assaulted at a park in Flora Park in February 2019. He later succumbed to his wounds in hospital. His killing made headlines when videos of his assault went viral on social media. Some of the teenagers arrested for his murder were seen bragging during the incident on the footage. Two adults and eight teenagers appeared in the High Court in Polokwane for the murder on Monday. The trial was postponed again due to the absence of the defence lawyer representing accused number three. South African law requires that minors on trial appear and be represented together. The National Prosecuting Authority's (NPA) representative Nkhetheni Munyani says, "It was a brief appearance, all 10 accused were before the court. The reason the matter was postponed to a future date this morning was because the court was informed that one of the legal representatives for one of the accused persons was not available because of ill health and that is the reason why the matter was postponed. Last week, the court was informed of the death of one of the young suspects. He died months after Themane's killing. Delays unwelcome Themane's murder prompted a movement called Justice For Thorisho, which led to a foundation being created in his memory. Kevin Pohotona of the Thorisho Themane Foundation says they are not happy with the postponement. "We certainly aren't happy with how things transpired within court, we could have disputed the matter. In terms of, well, going against the whole postponement to start with, because there are two state witnesses that have turned. We understand and agree that the youth or the minors have to appear together and jointly, says Pohotona. The matter is now scheduled to sit between the 18t

JSE faces mixed Asian markets on Tuesday

JSE faces mixed Asian markets on Tuesday PREMIUM By Karl Gernetzky - 07 July 2020 The JSE faces mixed Asian markets on Tuesday morning, though there is optimism in markets even as Covid-19 cases continue to rise in some countries... This article is reserved for DispatchLIVE subscribers. A subscription gives you full digital access to all our content. Already subscribed? Simply sign in below. Already registered on HeraldLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details.

Third-party opinion on sale of Tongaat unit due in September, says Barloworld

Industrial group Barloworld said on Tuesday a third-party opinion on its dispute with Tongaat Hulett over the R5.3bn sale of that company's starch business is due in September. Barloworld, which had set out to buy Tongaat’s starch business under its subsidiary KLL Group, tried to back out of the deal in May stating that the effect of Covid-19 could alter the value of the acquisition. Barloworld triggered a material change clause - a rarely invoked clause in mergers and acquisitions that allows buyers to withdraw from deals if the value of the transaction has been undermined by a significant development. Tongaat disputes that Covid-19 constitutes such an event, and the matter was referred to a third-party accountant. The independent expert will deliver its opinion as to whether a material change has occurred on or about September 21 2020, the group said. The Competition Tribunal has approved the transaction, without conditions, but Barloworld said on Tuesday the dispute still needed to be resolved. gernetzkyk@businesslive.co.za

HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Financial Results - Notification of reliance on the FSCA market notice dated 3 Apr

Financial Results - Notification of reliance on the FSCA market notice dated 3 April 2020 HOSKEN CONSOLIDATED INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1973/007111/06) (Share code: HCI ISIN: ZAE000003257) ("HCI) FINANCIAL RESULTS - NOTIFICATION OF RELIANCE ON THE FSCA MARKET NOTICE DATED 3 APRIL 2020 Shareholders are reminded that the Company’s annual reporting date is 31 March and are referred to its reviewed provisional results for the period ended 31 March 2020, released on SENS on 17 June 2020. In accordance with the JSE Listings Requirements, the Company’s integrated annual report in respect of the period ended 31 March 2020 was due to be released on or before 31 July 2020. Shareholders are advised that due to the disruption caused by COVID-19, the Company’s ability to complete the necessary work required to finalise and distribute the integrated annual report by 31 July 2020 has been severely constrained. Shareholders are therefore advised that the Company will be utilising the two month extension period afforded to issuers with year-ends of 31 December 2019, 31 January 2020, 29 February 2020 and 31 March 2020, as communicated in the market notice issued by the Financial Services Conduct Authority on 3 April 2020 and distributed by the JSE on the same date. HCI will issue its integrated annual report, incorporating the annual financial statements and the notice of annual general meeting, by no later than 30 September 2020. As advised by the JSE, the Company reiterates that market participants should not draw undue adverse inferences as a result of it making use of the extension periods available to it. Cape Town

KIO - KUMBA IRON ORE LIMITED - Resignation of director - 07/07/2020

KUMBAIO: 46,954 +454 (+0.98%) 07/07/2020 09:23 KUMBA IRON ORE LIMITED - Resignation of director Release Date: 07/07/2020 09:29 Wrap Text Resignation of director Kumba Iron Ore Limited A member of the Anglo American plc group (Incorporated in the Republic of South Africa) (Registration number 2005/015852/06) Share code: KIO ISIN: ZAE000085346 ("Kumba") RESIGNATION OF DIRECTOR In compliance with the JSE Limited Listings Requirements, shareholders are advised of the resignation of Mrs Nonkululeko Dlamini as non-executive director with effect from 6 July 2020. Mrs Dlamini was appointed to the Board as a shareholder representative of the Industrial Development Corporation (IDC) on 1 November 2016 and during her tenure she served as a member of the Social, Ethics and Transformation Committee as well as the Strategy and Investment Committee. She will also be stepping down as a member of these Committees. Kumba’s Chairman, Dr Mandla Gantsho, said: "I sincerely thank Nonkululeko for her invaluable contribution to the Board, she will be missed. On behalf of Kumba, I wish Nonkululeko the very best going forward. Centurion 7 July 2020 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) For further information, please contact: Company Secretary Ms Fazila Patel fazila.patel@angloamerican.com Tel: +27 683 7060 Mobile: +27 83 297 2293 Investors Media Penny Himlok Sinah Phochana penny.himlok@angloamerican.com sinah.phochana@angloamerican.com Tel: +27 12 622 8324 Tel: +27 12 683 7019 Mobile: +27 82 781 1888 Mobile: +27 76 066 0655 Notes to editors: Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers in a range of geographical locations around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East. Anglo Amer

How to Reduce your Carbon Footprint - Leads 2 Business

Home > General > How to Reduce your Carbon Footprint How to Reduce your Carbon Footprint by Andile Shange | posted in: General | 0 How to reduce your carbon footprint. With the constant growth of population across the globe, it is imperative to be aware of things you can do to save the planet. Adopting an environmentally friendly lifestyle can really make an impact on the overall climate preservation. Below are a few practical changes you can make in your day-to-day life to reduce your carbon footprint. There are simple tweaks that you can make which in return can save you energy and money. Turning off your lights and appliances when they are not in use. Using laptops instead of desktops, as they use less energy. Replacing your fridge, if it's 15-20 years old as they can be "energy hogs. Planting trees around your home. Using the following 5 R's of zero waste: Refuse - Avoid single use of plastic and paper Reduce - Buying only what you need Reuse - Dispose of less and upcycling items where possible Rot - Find a nearby food drop off centre Recycle - Glass and metal The most environmentally friendly diet is one with less meat (red), as red meat production uses a lot of water and land. Growing your own garden consisting of lower food chain products such as vegetables, fruits, grains and beans can be one of the best ways to lower your carbon footprint. Eating in season and locally, can really help to reduce the carbon footprint created by shipment of your foods, especially when you consider how far your food had to travel to get to you. As a consumer society, we think of fashion as disposable items and often justify buying the latest styles. Resulting in our wardrobes being overly populated and resulting in most of our clothing items in landfill sites. Which presents an issue of contamination as some of these clothes are not "organic and often sprayed with lots of pesticides. To mitigate this overload, we can re-purpose old clothing, buy locally handmade garments and vintage. Toxins emit

Business

Business Developed economies will pick up steam this year thanks to an array of ultra-loose monetary policies from... 3036 days ago Bayerische Motoren Werke AG (BMW), the world's largest premium auto maker, on Tuesday forecast it would... 3038 days ago

Law catches up with public servants doing business with the State

Law catches up with public servants doing business with the State Law catches up with public servants doing business with the State Public servants are not allowed to do business with the State. 3 mins ago The Public Service Commission (PSC) has welcomed Public Service and Administration Minister Senzo Mchunu’s decision to take action against 1 544 public servants, who were involved in doing business with the State. Public servants are not allowed to do business with the State. The actions of the Minister are compliant with the Public Administration Management Act No. 11, 2014 (PAMA), which was enacted based on recommendations from the PSC. "The Minister’s decision will ensure that there are consequences for wrongdoing. If found guilty, a public servant can serve a jail term for conducting business with the State. "This will go a long way in ensuring adherence to the law and preventing public servants from conducting business with the State. This Minister’s action affirms the supremacy of the Constitution and the rule of law in our country. This proves that no one is above the law and transgressors will be punished, says Public Service Commission in a statement. The PSC has commenced with the scrutiny of financial disclosures of senior managers to check if there are cases of potential or actual conflicts of interests. Amongst the issues that the PSC will be scrutinising is conducting business with the State. SHARE

Royal Bank of Scotland (RBS) Leverages Mphasis' Testing Centre of Excellence to Support Business Alignment Objectives

› Royal Bank of Scotland (RBS) Leverages Mphasis' Testing Centre of Excellence to Support Business Alignment Objectives Royal Bank of Scotland (RBS) Leverages Mphasis' Testing Centre of Excellence to Support Business Alignment Objectives 0 10 Royal Bank of Scotland (RBS) Leverages Mphasis' Testing Centre of Excellence to Support Business Alignment Objectives PR Newswire LONDON, July 7, 2020 - The multi-year deal will see Mphasis transforming RBS's IT change function to provide speed and agility to product releases in lending domain LONDON, July 7, 2020 /PRNewswire/ -- Mphasis (BSE: 526299) (NSE: MPHASIS), an Information Technology (IT) solutions provider specialising in cloud and cognitive services, has signed a multi-year deal with Royal Bank of Scotland plc , one of the largest international banking and financial services companies. Mphasis will work with RBS to deliver advanced transformation to testing services through its Testing Centre for Excellence (TCoE). The collaboration will see Mphasis co-invest and co-create speed to market solutions. As part of the new agreement, Mphasis will leverage its proprietary transformation capabilities, including accelerated micro-services development, Robotic Process Automation (RPA), and DevOps integration, to provide User Interface (UI) enhancements, continuous improvement, environment management and automation-led efficiency gains. This will enable automated testing to optimise and streamline deliverables to provide full control of project scope, roll out new frameworks and tools. Mphasis will leverage its TCoE capabilities to drive Test Management (strategy and planning in alignment with the production workload models), Centralised management and control of tooling strategy and support and Adoption and standardisation of tools and processes, including metrics definition and compliance. "We found Mphasis to be an agile, flexible technology partner well equipped to drive and implement next-gen practices at RBS. We are excited about the

Massmart starts consultation process that may affect 1,800 Game employees

Go Massmart starts consultation process that may affect 1,800 Game employees In an update to shareholders on Monday morning, the retailer said that it had made the decision after completing an assessment of opportunities to improve efficiency. Game store in Malawi. Picture: Supplied. Tara Penny | 0 minutes ago JOHANNESBURG - Massmart said that it had started a consultation process that may affect 1,800 employees at Game stores in South Africa. In an update to shareholders on Monday morning, the retailer said that it had made the decision after completing an assessment of opportunities to improve efficiency. Massmart said that it was taking the next step under Section 189 of the act, which governs, among other things, the procedures that companies must follow ahead of any possible retrenchments. In addition to Game, Massmart owns Makro, Dion Wired, Builders Warehouse and Masscash. Download the EWN app to your iOS or Android device.

Webinar: Business Rescue in the time of COVID-19

Webinar: Business Rescue in the time of COVID-19 Go Read more NEWS / Legal Brief Jul 7,2020 / News / Legal Brief Share: Share on Linkedin Share on Facebook Share on Twitter The COVID-19 is a human tragedy of enormous proportions. There will be both short and long-term economic implications as countries continue to grapple with an effective way to limit the spread of the coronavirus and which will allow economies to be kick-started in the near term. Will a recessionary economic climate be the new norm? What restructuring tools are available to promote businesses and jobs? How do directors, business leaders and professionals deal with this ever-evolving situation and the implications it holds for companies. Join Eric Levenstein, Director, Head of Insolvency, Business Rescue & Restructuring at Werksmans Attorneys, as he discusses key topics around Business Rescue and the role that directors will need to play in ensuring that their businesses are sustainable post COVID-19. In this session Eric Levenstein will cover the following topics: Fallout for South African Businesses: A case study of companies that have been placed under business rescue in South Africa. Exploring opportunities to reset a company’s business. An analysis on formal versus informal restructuring. Advantages of Business Rescue and what a company stands to accomplish if they commence with the business rescue process. The role that leadership plays in ensuring the sustainability of a company. South Africa and the world face unprecedented and very tough economic trading conditions. Many South African companies/businesses which appeared to be financially healthy a few months ago, now find themselves facing severe financial stress. Find out the options you have as a company and what you can do now to ensure that your business is sustainable post COVID-19. Ensure your business is sustainable post COVID-19.

Business Opportunities Monthly - July 2020

Business Opportunities Monthly - July 2020 Published by Melissa Javan at 7th Jul 2020 Tags Share SIGN UP for our newsletter to get the latest updates on business opportunities and news to help you on your entrepreneurship journey. IT'S FREE. Sign up here Please note: Visit the organisation's website for more information. Call for applications *** PROPOSALS *** TIA's applications for further Research and Development (R&D) activities (Essential oils value chain) The Technology Innovation Agency invites experienced individuals who are beyond the proof of concept stage for applications along any part of the essential oils value-chain that can positively impact on smallholder producers (primary production, extraction and processing) to submit applications for further Research and Development (R&D) activities. More info here W&RSETA Discretionary Grants (Wholesale, retail) W&RSETA levy-paying small, medium and large companies that submitted Annexure II documents by 31 May 2020 are invited to apply for Discretionary Grants for the 2020/2021 financial year. Applications must be made online by 17 July 2020. More info here Harambeans (All) As an Harambean, you're able to apply for the Harambeans Prosperity Initiative which allocates $1,000,000 to provide low interest loans and equity investments to ventures. Apply here Ad Crashers' campaign (All) The campaign aims to develop 10 big advertising campaigns for 10 small businesses. Each campaign will include exposure across radio, Out-Of-Home (OOH) and digital media. Apply here 67 Logos Designathon (Small business) 67 Logos, a CWDi initiative, invites you to apply to become one of 67 small businesses to get a free business logo designed for you by Mandela Day 18 July 2020. How it works: You can apply as a designer offering your skills or apply as a small business looking for a professional logo. Designers are matched with businesses, based on their profiles, passions and experience. The closing date is 10 July 2020. Get m

Glencore (LON:GLEN) Price Target Increased to GBX 180 by Analysts at Credit Suisse Group

Glencore (LON:GLEN) Price Target Increased to GBX 180 by Analysts at Credit Suisse Group Glencore (LON:GLEN) Price Target Increased to GBX 180 by Analysts at Credit Suisse Group Posted by Tammy Falkenburg on Jul 7th, 2020 Tweet Glencore (LON:GLEN) had its target price boosted by Credit Suisse Group from GBX 170 ($2.09) to GBX 180 ($2.22) in a research report released on Monday, Stock Target Advisor reports. Credit Suisse Group currently has a neutral rating on the natural resources company's stock. A number of other research firms have also weighed in on GLEN. Jefferies Financial Group lifted their price objective on shares of Glencore from GBX 150 ($1.85) to GBX 180 ($2.22) and gave the company a hold rating in a research report on Friday, June 19th. Citigroup reiterated a buy rating on shares of Glencore in a research report on Tuesday, May 5th. JPMorgan Chase & Co. reiterated an underweight rating on shares of Glencore in a research report on Monday, June 22nd. Barclays restated an overweight rating on shares of Glencore in a research report on Monday, May 11th. Finally, Liberum Capital restated a buy rating on shares of Glencore in a research report on Monday, June 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 231.67 ($2.85). Get Glencore alerts: LON:GLEN opened at GBX 175.14 ($2.16) on Monday. The firm's fifty day moving average price is GBX 164.86 and its 200 day moving average price is GBX 181.44. Glencore has a 1-year low of GBX 1.41 ($0.02) and a 1-year high of GBX 2,334.50 ($28.73). The company has a debt-to-equity ratio of 94.48, a current ratio of 1.06 and a quick ratio of 0.39. The firm has a market cap of $22.61 billion and a price-to-earnings ratio of -56.56. About Glencore Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and

KUMBA IRON ORE LIMITED - Resignation of director - SENS

(‘Kumba’) RESIGNATION OF DIRECTOR In compliance with the JSE Limited Listings Requirements, shareholders are advised of the resignation of Mrs Nonkululeko Dlamini as non-executive director with effect from 6 July 2020. Mrs Dlamini was appointed to the Board as a shareholder representative of the Industrial Development Corporation (IDC) on 1 November 2016 and during her tenure she served as a member of the Social, Ethics and Transformation Committee as well as the Strategy and Investment Committee. She will also be stepping down as a member of these Committees. Kumba’s Chairman, Dr Mandla Gantsho, said: "I sincerely thank Nonkululeko for her invaluable contribution to the Board, she will be missed. On behalf of Kumba, I wish Nonkululeko the very best going forward. Centurion Tel: +27 12 622 8324 Tel: +27 12 683 7019 Mobile: +27 82 781 1888 Mobile: +27 76 066 0655 Notes to editors: Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers in a range of geographical locations around the globe including China, Japan, Korea and a number of countries in Europe and the Middle East. Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped resources provides the metals and minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing consumer-driven demands of the world’s developed and maturing economies. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and mine, process, move and market our products to our customers around the world - safely, responsibly and sustainab

MASSMART HOLDINGS LIMITED - Massmart commences consultation process in terms of section 189 and 189A of the Labour Relations

(‘Massmart’ or the ‘Company’ or "the Massmart Group) MASSMART COMMENCES CONSULTATION PROCESS IN TERMS OF SECTION 189 AND 189A OF THE LABOUR RELATIONS ACT - GAME STORES The Massmart Group has recently completed an assessment of opportunities to improve our South African Game store efficiencies. Consequent to this project, Massmart advises shareholders that the group has commenced, with respect to its Game stores in South Africa, a consultation process in terms of section 189 and section 189A of the Labour Relations Act 66 of 1995, as amended ("the LRA); with organised labour and other relevant stakeholders. This process may potentially affect 1 800 employees in our Game stores in South Africa. Shareholders will be advised of the outcome of the consultation process. 7 July 2020 JP Morgan Equities South Africa (Pty) Ltd Date: 07-07-2020 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Massmart to cut up to 1 800 jobs at Game

Twitter Facebook Reddit LinkedIn WhatsApp YouTube Walmart-controlled retail group Massmart said on Tuesday that it will cut as many as 1 800 employees at its Game stores in South Africa. In a statement to shareholders, issued via the JSE, Massmart said it recently completed an "assessment of opportunities to improve our South African Game store efficiencies. "Consequent to this project, Massmart advises shareholders that the group has commenced, with respect to its Game stores in South Africa, a consultation process in terms of section 189 and section 189A of the Labour Relations with organised labour and other relevant stakeholders. This process may potentially affect 1 800 employees in our Game stores in South Africa. The move comes six months after Massmart said it would shut the 23-store DionWired technology chain and 11 Masscash wholesale outlets. DionWired ceased trading on 19 March. Various Game stores were assigned the responsibility to help DionWired customers with any queries, including collecting products booked in for repair. The move marked the first significant act by Massmart’s new CEO, Mitchell Slape, who arrived from Walmart in September 2019, Bloomberg News reported at the time . - 2020 NewsCentral Media

Massmart looks to cut 1,800 jobs at Game stores

Walmart-owned retailer Massmart says up to 1,800 jobs may be cut at its Game stores in SA as its begins formal consultations with organised labour. In January, the group announced it may cut 1,440 employees across 34 DionWired and Masscash stores, as it battled a recessionary economy that resulted in consumers cutting back on non-essential items, such as television sets. At the end of December Massmart had about 51,000 full-time employees, at 443 stores. That included just under 12,000 employees in its Massdiscounters division, which had 173 Game and Dion Wired stores. Massmart announced a turnaround plan in January, and said in June the effects of Covid-19 had accelerated the plan. The restructuring will reorganise its four divisions into two. Massmart Retail will comprise the Builders, Game, DionWired and Cambridge Food trading brands. Massmart Wholesale will take in Makro, Shield and the group’s wholesale cash brands. Massmart said in June that the Covid-19 health crisis had disrupted trading. Total sales for the 23 weeks ended June 7 fell 10.3% year on year. gernetzkyk@businesslive.co.za

Asia markets slip as virus outbreaks mute hopes for rebound

Asia markets slip as virus outbreaks mute hopes for rebound Yuri Kageyama, Ap Business Writer Updated 3:09 am EDT, Tuesday, July 7, 2020 A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. less A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were ... more Photo: Vincent Yu, AP Close Image 1 of 6 A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak. less A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were ... more Photo: Vincent Yu, AP Asia markets slip as virus outbreaks mute hopes for rebound 1 / 6 Back to Gallery TOKYO (AP) - Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the Nasdaq composite to another record high. Japan's benchmark Nikkei 225 dropped 0.4% to finish at 22,614.69 and South Korea's Kospi lost early gains to decline nearly 1.0% to 2,166.73. Australia's S&P/ASX 200 was little changed, edging less than 0.1% lower to 6,012.90. Hong Kong's Hang Seng shed 0.7% to 26,161.15, while the Shanghai Composite gained 1.2% to 3,373.22. Government stimulus and hopes for an econ

SPP - THE SPAR GROUP LIMITED - Notice of a disposal of a beneficial interest in SPAR securities - 07/07/2020

SPAR: 17,395 -159 (-0.91%) 07/07/2020 10:02 THE SPAR GROUP LIMITED - Notice of a disposal of a beneficial interest in SPAR securities Release Date: 07/07/2020 10:00 Wrap Text Notice of a disposal of a beneficial interest in SPAR securities THE SPAR GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1967/001572/06) JSE Code: SPP ISIN: ZAE000058517 ("SPAR or the "Company) NOTICE OF A DISPOSAL OF A BENEFICIAL INTEREST IN SPAR SECURITIES In accordance with Section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, SPAR shareholders are advised that the Company has received notification that JPMorgan Chase & Co. ("JPMorgan) has disposed of a beneficial interest in SPAR securities (the "Disposal). Following the Disposal, JPMorgan now holds 4.00% of the total issued ordinary share capital of the Company. Pinetown 7 July 2020 Sponsor One Capital Date: 07-07-2020 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. Sharenet Wealth Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitab

Kenya: Meru Miraa Traders Say Somalia Flights Ban Ruining Their Business

Kenya Kenya: Meru Miraa Traders Say Somalia Flights Ban Ruining Their Business 6 July 2020 The Nation (Nairobi) By David Muchui Farmers who grow miraa varieties popular with the export market have decried harsh economic times following the suspension of international cargo flights into Somalia amid the Covid-19 pandemic. The farmers from lower lying parts of the Nyambene ranges In Meru County, particularly in Karama, Athiru, Kanjoo among others grow the 'Grade' or 'Kiza' variety which is exclusively meant for the Somalia market. According to the farmers, the variety is preferred for export due to its succulent trait that enables it to remain fresh after several hours of transportation. The variety is largely grown under irrigation. Led by Nyambene Miraa Sacco Chairman Moses Lichoro, the farmers from Kabuitu in Igembe Central called on President Uhuru Kenyatta to engage his Somalia counterpart Mohamed Abdullahi for the resumption of cargo flights. SAVINGS DEPLETED Mr Lichoro said farmers have run out of their savings after the ban, which is now in the third month, cut off their income. He said since their miraa variety has no market locally, they have been forced to prune their trees and occasionally sell small amounts to local traders. "We have drained our savings and now many farmers cannot afford a meal because we have nowhere to sell our miraa. The situation is dire and the President should move with speed to reopen the economy and engage our neighbours to allow cargo flights," Mr Lichoro said. He said more than 50 workers were being engaged on his miraa farms daily before Covid-19 shut the economy. "Before the Covid-19 shutdown was declared, I would sell miraa worth more than Sh3 million every month. Over 50 people would earn wages from my farms but many of them are now jobless. Some of them are still relying on me for their daily subsistence. Life is too hard for us," he said. SALES DOWN Mr Bernard Mwiti, a farmer, said he was making Sh500,000 in miraa sales three months ago but now h

Zillow Resumes Buying Homes in Five More Markets

Zillow Resumes Buying Homes in Five More Markets Zillow Resumes Buying Homes in Five More Markets 0 13 Zillow Resumes Buying Homes in Five More Markets Homeowners in Los Angeles, Riverside, Minneapolis, Cincinnati and Orlando can safely sell their homes to Zillow with confidence and peace of mind PR Newswire SEATTLE, July 7, 2020 SEATTLE, July 7, 2020 /PRNewswire/ -- Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell and finance homes, today resumed buying homes in five more markets, and is now buying homes again in 201 of the 24 markets where Zillow Offers has launched. Home sellers in Los Angeles, Riverside, Calif., Minneapolis, Cincinnati and Orlando can once again sell their homes directly to Zillow with a safe, convenient transaction and on their own timeline. Zillow paused buying homes through Zillow Offers on March 23 in response to housing market uncertainty and public health concerns related to COVID-19. "Home sellers want a more convenient, seamless and safe way to sell their home, and we're excited to bring Zillow Offers back to more sellers around the country," said Zillow President Jeremy Wacksman. "The rapid adoption of technology and virtual tools is creating a new and safer landscape for the entire real estate experience. With Zillow Offers, a homeowner can sell their house without any of the traditional hassles of open houses, home showings or prepping a house for sale, and can have more certainty and control than ever before - all on their own timeline. " Zillow data shows the resiliency of the housing market as buyer and seller activity is growing again after April declines related to the pandemic. New pending sales and new for-sale listings are higher than they were a month ago, and web traffic to for-sale listings is up 41% from the previous year2. Homes are selling at their fastest pace since June 20183. As part of Zillow's resumption of homebuying, the company is following the principles from its Move Forward. Stay Safe. initiat

Does COVID-19 have your business in financial distress?

Does COVID-19 have your business in financial distress? Tweet South Africa’s already struggling economy has been battered further by the COVID-19 pandemic, which will see many companies plunge into financial distress. Companies with a financial year ending in June have begun to announce their earnings and, so far, the indicators are predictably grim. In addition, many small medium- and micro-sized enterprises (SMMEs) which are the lifeblood of the country’s economy, look set to shut their doors due to the impact of the extended lockdown on their trading activity. In these tough economic times, many companies might have no alternative but to consider applying for business rescue as a means of facilitating the rehabilitation of their financially distressed businesses. Dr Eric Levenstein, Director and Head of the Insolvency, Business Rescue and Restructuring practice at Werkmans, outlines five things to know about business rescue in South Africa: Legally: South Africa’s modern business rescue regime is governed by The Companies Act 71 of 2008 (the ‘ACT’) and COVID-19 has made it even more critical for businesses to understand the procedures contained therein. Key benefits: Business rescue provides an alternative to the liquidation of the struggling entity through implementation of a strategic plan to restructure the business and possibly turn it around, while balancing the rights and interests of its stakeholders. It is a more flexible and company focused approach and is in line with international jurisdictions. Filing for rescue effectively places a general moratorium (stay on claims) on legal proceedings against the company and also has the effect of protecting the property interests of the company. Act early: Businesses in distress should file their business rescue notices sooner rather than later, as delaying the inevitable can be even more disastrous. The longer the business waits, the more the debt builds up and the slimmer the chances b

Law catches up with public servants doing business with the State

Law catches up with public servants doing business with the State Law catches up with public servants doing business with the State Public servants are not allowed to do business with the State. 4 mins ago The Public Service Commission (PSC) has welcomed Public Service and Administration Minister Senzo Mchunu’s decision to take action against 1 544 public servants, who were involved in doing business with the State. Public servants are not allowed to do business with the State. The actions of the Minister are compliant with the Public Administration Management Act No. 11, 2014 (PAMA), which was enacted based on recommendations from the PSC. "The Minister’s decision will ensure that there are consequences for wrongdoing. If found guilty, a public servant can serve a jail term for conducting business with the State. "This will go a long way in ensuring adherence to the law and preventing public servants from conducting business with the State. This Minister’s action affirms the supremacy of the Constitution and the rule of law in our country. This proves that no one is above the law and transgressors will be punished, says Public Service Commission in a statement. The PSC has commenced with the scrutiny of financial disclosures of senior managers to check if there are cases of potential or actual conflicts of interests. Amongst the issues that the PSC will be scrutinising is conducting business with the State. SHARE

There's no right time to ease lockdown: Amref Health Africa - Breaking news, special reports, world, business, sport coverag

7 July 2020, 9:05 AM | SABC | @SABCNews Image: Reuters Kenya to reopen places of worship under strict conditions. Amref Health Africa GCEO, Dr Dithinji Gitahi, says there is no right time for a country to ease lockdown restrictions. His comments come after Kenya's President Uhuru Kenyatta announced a phased lifting of restrictions put in place to control the spread of the coronavirus on Monday. This will include the reopening of places of worship and the resumption of both domestic and international flights. Speaking to the Globe on Monday night, Gitahi says the virus does not necessarily go away during lockdown. "There is really no right time (to ease lockdown). It's been really a difficult choice for governments across the world, in Africa specifically, balancing lives and livelihoods and I think what now has happened is, you have to lockdown for a particular reason. The lockdown doesn't mean the virus is going away, it just means you are more prepared for the eventuality when you open. "So I get the President's decision to open, but he was very clear that now the responsibility now shifts to the individuals because civil responsibility is voluntary. It's for people to now take this into their own hands and know how to protect the ones they love, so there is no right time, the right time is when the country feels they have a certain level of preparedness and the President did say, it's not 100% but it's adequate to take the risk, says Gitahi. Below is the full interview: Torture and killings A report released last month by Kenya's National Commission on Human Rights revealed torture and killings at the hands of the Kenyan police amid the COVID-19 outbreak. The police are accused of "excessive, arbitrary and unjustified force while enforcing lockdown measures. In the video below, East Africa correspondent Sarah Kimani shares more on this: This entry was posted on 07 Jul 2020,09:05AM at 9:05 AM and is filed under Africa , COVID-19 in Africa . You can follow any responses to this entry thro

Zulu is mulling over ruling on Early Childhood Development Centres - Breaking news, special reports, world, business, sport

Zulu is mulling over ruling on Early Childhood Development Centres 7 July 2020, 9:54 AM | SABC | @tshepimoche Image: SABC News [File Image] Early Childhood Development Centres closed their doors in March when South Africa went under lockdown. Social Development Minister Lindiwe Zulu says her department is looking at specific issues as it studies Monday's High Court ruling that allows private Early Childhood Development Centres to operate, provided they adhere to the prescribed COVID-19 safety measures aimed at protecting the children and teachers. The Solidarity Occupational Guild for Social Workers had applied for an urgent court interdict against the Department of Social Development (DSD). In the judgment on Monday, Judge Hans Fabricious accepted the expert evidence of the South African Paediatrics Association, which stated that children were biologically less likely to get sick if infected, were unlikely to die of the virus and were probably less infectious. Fabricius declared the department's decision that private nursery schools remain closed under Level 3 of the lockdown unlawful and unconstitutional and ordered Zulu to pay the costs of all the applicants. Zulu says, "We need to do everything we can to make sure that our children walk into safe places. We have to make sure that we reduce the infections, that people stick to the protocols. She adds: "We will do this until such time that maybe COVID-19 is something that has become a normal thing in our society. We will make sure that everyone adheres to the protocols because there's nothing as painful as seeing people dying. In the video below, Zulu elaborates her views on ECD centres: This entry was posted on 07 Jul 2020,09:54AM at 9:54 AM and is filed under Coronavirus , South Africa , Homepage Featured Story Slider . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

MTN and Ericsson launch live 5G network in Bloemfontein and Port Elizabeth - Port Elizabeth Business News

/ MTN and Ericsson launch live 5G network in Bloemfontein and Port Elizabeth - Port Elizabeth Business News MTN and Ericsson launch live 5G network in Bloemfontein and Port Elizabeth - Port Elizabeth Business News 6 July 2020 Source: "Port Elizabeth business - BingNews . Military medics deployed to combat dire Covid situation in the Eastern Cape : Dozens of military medics were deployed on Sunday to help combat the coronavirus pandemic in the Eastern Cape, SA’s third most affected province, where there has been a surge in infections. The Discover a world of excitement and take control of your energy with Building Automation Systems . Promote your business on BuyPE and MyPR . https://youtu.be/ ?????1X1 training and support for qualified candidates-> CLICK HERE: https://www.digitalgoalgetters.com/lnkd1-2/ start online business in south africa, how to start an online store, starting an online store at 22, Entrepreneur series, Being a girl boss, Starting an online store in South Africa, silicon valley girl, marina mogilko, linguamarina, company, gary vee, motivational speech, social media marketing, advice for entrepreneurs, how to build a brand online, how to find your niche, tai lopez, dan lock, How To Sell On Amazon If You Are From South Africa ????? Rating: 9.9/10 - ? 1X1 training and support for qualified candidates-> CLICK HERE: https://www.digitalgoalgetters.com/lnkd1-2/ online business - ?? best online business to start in 2020 for beginners (with no money) a lot of these online businesses will allow you to make money from home on your computer or phone and are actually all really fun to do. in this video i’ll teach you how to start an online business sell goods and services online and work on your personal brand (i think it’s crucial these days especially if business relies on your expertise) ? 9 most profitable business ideas for 2020! What kind of online business is most profitable? - 12 most profitable online businesses you can do at home

7 things you need to know today

CAPE TOWN Good morning. This is all the latest business news that you need to know today. 1. Covid 19 hits Media24 hard with newspapers and magazines facing closures The Covid 19 pandemic that has affected thousands of companies globally and in South Africa has claimed another victim this time a South African media company Media24. 2. WATCH: Rand gives up gains overnight The South African rand started the week on the front foot as risk appetite carried over from Asian trade buoyed emerging market currencies according to NKC Research. 3. Protection of personal information laws kick in The Protection of Personal Information Act (Popia) which was signed into law seven years ago in 2013 came fully into effect (with the exception of two sections) this week on July 1 after President Cyril Ramaphosa gave the go ahead for its implementation. Companies and other organisations handling your personal information have a year to comply with the act. 4. Sasol to end its gas exploration near Bazaruto after robust pre feasibility assessment Sasol s share price rose on Monday increasing by up to 5.95 percent to R143.78 after it announced plans to withdraw from exploring for gas off the coast of Mozambique close to the environmentally sensitive Bazaruto Island. 5. Blue Label in favourable trading update Blue Label Telecoms share price rose by almost 10 percent on the JSE yesterday after the mobile technology company released a favourable trading update for the year to end May with earnings expected to surge by more than 20 percent. 6. Demand in industrial retail and office markets has weakened FNB survey shows The industrial property market is the strongest of the three major commercial property sectors but there has been a weakening of demand in the industrial retail and office markets. 7. MTN and Ericsson launch live 5G network in Bloemfontein and Port Elizabeth MTN South Africa announced the availability of its 5G commercial offering using Ericsson products in the cities of Bloemfontein and Port Elizabet

NRP - NEPI ROCKCASTLE PLC - Book build for unsecured green bond - 07/07/2020

NEPIROCK: 9,254 -67 (-0.72%) 07/07/2020 10:51 NEPI ROCKCASTLE PLC - Book build for unsecured green bond Release Date: 07/07/2020 10:30 Wrap Text Book build for unsecured green bond NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V Share code: NRP ISIN: IM00BDD7WV31 ("NEPI Rockcastle or "the Company) BOOK BUILD FOR UNSECURED GREEN BOND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL NEPI Rockcastle’s stakeholders are advised that further to the announcement released on 6 July 2020, regarding a proposed bond offering, the Company will undertake a book build today for an unsecured green bond issue on the following terms: Issuer: NE Property B.V. (Ticker: NEPSJ / Country: NL / LEI: 7245006AG9J70KOIJH36) Guarantor: NEPI Rockcastle plc (LEI: 549300FMWM53K9ULYT15) Issuer Ratings: BBB neg (S&P) and BBB st (Fitch) Issue Ratings (exp.): BBB (S&P) and BBB (Fitch) Format: Senior Unsecured, Green bond, RegS Registered, NSS Settlement: 14 July 2020 (T+5) Maturity: 14 July 2027 (7 years) Size: EUR 500 million (Will Not Grow) IPTs: MS+420bps area Coupon: Fixed %, Annual, (Act/Act) Covenants: Solvency ratio less than 0.6; Consolidated coverage ratio greater than 2.1; Unencumbered Consolidated Total Assets greater than 150% Docs / List: EMTN Programme/ Euronext Dublin / English law /CoC / Clean up Call (80%) / 3mth Par call / MWC Denoms: 100 000 + 1 000 UOP: Proceeds of the bond will be allocated to eligible green projects included in the portfolio selected in accordance with the use of proceeds criteria and selection process as defined in NEPI’s Green Financing Framework Target Market: Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only

South African govt initiates process of developing societal hydrogen roadmap

...ions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From South African govt initiates process of developing societal hydrogen roadmap Name & Surname South African government initiates development of societal hydrogen roadmap 7th July 2020 ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + JOHANNESBURG (miningweekly.com) - South Africa’s Department of Science and Innovation (DSI) has initiated a process, with other government and industry stakeholders, to develop a roadmap that will lead South Africa towards a hydrogen society, Mining Weekly can today report. The aim is to create a policy document that will inform all relevant parties in South Africa about the potential and immediate benefits of developing and deploying hydrogen technologies and how they can be integrated into the South African renewable energy masterplan. Advertisement "The roadmap will put into perspective costs associated with rolling out green hydrogen technologies, as well as sourcing brown and blue hydrogen (derived from coal and natural gas, respectively) from existing facilities as part of the 'just transition' phase. The roadmap will leverage on the lessons learnt through pilot deployments of hydrogen fuel cell systems at schools and hospitals to move towards large-scale adoption," DSI chief director: hydrogen and energy Dr Rebecca Maserumule stated in a media release to Mining Weekly. Before the development of this high-level document could begin, terms of reference were compiled by an interdepartmental committee, and North-West University (NWU) was appointed as the coordinator. Advertisement Hydrogen can act as an enabler to link together many industries that require energy and chemical feedstock at the same time, NWU professor Dmitri Bessarabov, an internationally recognised scientist with extensive industrial and

EVs are starting to buoy the global metals market

EVs are starting to buoy the global metals market Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From EVs are starting to buoy the global metals market Name & Surname EVs are starting to buoy the global metals market 7th July 2020 SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + The market gloom over the metals that will power the cars of the future is starting to lift. Supply overhangs and then the coronavirus pandemic had crushed short-term prospects for the minerals used to make rechargeable batteries. But new government commitments to green transport in China and Europe, as well as curtailments to mining and future investments, have led to a growing consensus the markets are bottoming out. Advertisement Add in the fact that battery technologies are continuing to get cheaper, and there’s reason to be bullish "over the next few years once we get through the current predicament, said Chris Berry, president of House Mountain Partners, an industry consultant. "The European Union, in particular, is essentially rebuilding their automotive supply chains around battery metals, and incentivizing EV adoption, Berry said in a phone interview. "The Chinese have re-instituted the EV subsidy regime as well. Advertisement Exuberance about the future for electric-powered vehicles led to an oversupply of metals such as lithium and cobalt, sending prices tumbling by more than half from their 2018 peaks. Then just as some optimism was returning to the markets,

BARLOWORLD LIMITED - Further update on the proposed acquisition of Tongaat Hulett Starch business and renewal of cautionary

(Namibian Stock Exchange share code: BWL) (‘Barloworld’ or the ‘Company’) Further update on the proposed acquisition of Tongaat Hulett Starch business and renewal of cautionary announcement Shareholders are referred to the announcements dated 12 and 28 May 2020 and 4 June 2020 ("update announcements) regarding the update on the proposed acquisition of the Sale Business and the material adverse change ("MAC) notice delivered by KLL Group Proprietary Limited, a wholly owned subsidiary of Barloworld ("KLL or "Barloworld), to Tongaat Hulett Limited ("THL) in terms of the sale and purchase agreement pertaining to the proposed acquisition of the Sale Business (the "SPA) (the "Transaction). Shareholders are reminded that the process to resolve the dispute as to whether a MAC has occurred continues and the appointment of the independent expert to adjudicate the MAC dispute is imminent. It is anticipated that the independent expert will deliver its opinion as to whether a MAC has occurred on or about 21 September 2020. In the interim, Barloworld continues to perform its obligations in terms of the SPA. Approval of the Transaction by the Competition Commission of the Common Market for Eastern and Southern Africa (COMESA) was obtained without conditions on 8 June 2020. Barloworld has been advised that the Competition Tribunal of South Africa has, on 6 July 2020, approved the Transaction without conditions. Other suspensive conditions to the Transaction still remain to be fulfilled, including inter alia lender consents and the approval of the competition regulator in Indonesia. Shareholders should note that the Transaction cannot complete until the MAC dispute is finally determined as it is a suspensive condition to the SPA that no MAC has occurred. Barloworld will update shareholders in due course. Resultantly, shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made. Financ

PICS: Gauteng cellphone tower battery syndicate bust in KZN

Durban Private security officers in Verulam north of Durban have arrested two men who are believed to part of a major syndicate operating out of Tembisa in Gauteng that target cellphone tower batteries. Prem Balram the director at Reaction Unit South Africa (RUSA) said officers collared the two men on Tuesday following a lengthy search in Temple Valley area near Verulam in Kwazulu Natal. "At approximately 07:38 RUSA received a call from an informer reporting suspicious activity at a cellphone tower on Valdin Crescent. Multiple Reaction Officers were dispatched to the call due to an increase in battery theft from cellphone towers " Balram said. "On arrival Reaction Officers found a VW Touareg parked in a reverse position and the front gate leading to the tower open. As officers approached three suspects fled into a bush. A lengthy foot chase ensued which ended in one suspect being arrested on Lotus Road and his accomplice on Talwantsingh Road in Temple Valley. The third suspect is still at large. A VW Touareg (with no registration plates) which was one of two vehicles being used to load the stolen batteries was abandoned at the scene. An Isuzu bakkie with NRB registration plates and two other suspects was parked away from the scene and sped off as Reaction Officers approached the tower. One battery was found loaded in the back of the VW Touareg. The Gauteng registration plates were found on the front passenger seat. Several house break in implements were also recovered " he said. Two men who are part of a syndicate operating out of Tembisa in Gauteng that target cellphone tower batteries were nabbed by members of Reaction Unit South Africa (RUSA) following a lengthy search in Temple Valley area near Verulam in Kwazulu Natal on Tuesday morning. Picture: RUSA Balram said that during questioning the suspects stated that they were from Tembisa in Gauteng. They apparently arrived in Durban on Monday and booked into a Bed & Breakfast i I

EXXARO RESOURCES LIMITED - EXX - Broad Based Black Economic Empowerment Act: Annual Compliance Report - SENS

Sponsor to Exxaro Resources Limited Absa Corporate and Investment Bank, a division of Absa Bank Limited Date: 07-07-2020 10:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Two bodies found lying in a veld in Brandwag

Two bodies found lying in a veld in Brandwag 07 July 2020 | From Arrive Alive The bodies of two men were found this morning in a veld near the military base in Brandwag, Bloemfontein. ER24 paramedics were called to the scene by the local authorities. On arrival, medics found the body of a man lying some distance in the veld. Unfortunately, the man had been dead for some time. Nothing could be done for him and he was declared dead. Whilst medics were busy with the first deceased, the body of a second man was found a short distance away. Assessments showed that the second man had also been dead for some time. Nothing could be done for him and he too was declared dead. Local authorities were on the scene for further investigations. Fire and burn safety... 07 Jul 2020 | From Arrive Alive In the cold winter weather, the risk of injury from fire significantly increases. Do you know what to do for a thermal burn? A Medical Research Council report estimates that every year, approximately 1.6-million South Africans suffer burn injuries - and most of those victims are from poorer One injured in a serious vehicle rollover near Bapsfontein... 07 Jul 2020 | From Arrive Alive Emer-G-Med responded to a serious collision near Bapsfontein. On arrival found one vehicle overturned. Treated one patient on the scene with injuries. Netcare transported the patient to a medical facility. Local authorities were on scene for further investigations. One injured in Gauteng: Woman injured after tree falls on car... 06 Jul 2020 | From Arrive Alive Gauteng: At 06H09 Monday morning Netcare 911 responded to reports of a collision on Brooklyn Road in Menlo Park Pretoria. Reports from the scene indicate that a tree had fallen into the road landing on a car. The patient, an adult female who was also the only occupant in the vehicle sustained Emer-G-Med responded to a vehicle that was on fire on the R21... 06 Jul 2020 | From Arrive Alive Emer-G-Med responded to a vehicle that was on fire on the R21 direction South after Nelma

Game to cut up to 1,800 jobs in South Africa

Game to cut up to 1,800 jobs in South Africa Staff Writer 7 July 2020 Subscribe The Massmart Group says it has completed an assessment of opportunities to improve its South African Game store ‘efficiencies’ and is now looking at possible job cuts. In a shareholder statement on Tuesday (7 July), the group said that this will include a consultation process in terms of section 189 and section 189A of the Labour Relations Act with organised labour and other relevant stakeholders. This process may potentially affect 1,800 employees in Game stores in South Africa, it said. In March, Massmart said that it will close all of its non-performing stores, as cash-strapped consumers battle with high unemployment, modest wage increases and higher average fuel and utility prices. This included the closure of 23 Dion Wired Stores as well as a number of Masscash stores. The move marked the first significant act by Massmart’s new chief executive officer, Mitchell Slape, who arrived from Wal-Mart in September with a brief to turn around the retailer. As of March, Massmart had a total of almost 450 stores across 13 countries in sub-Saharan Africa and about 48,500 full-time employees.

Maiden indicated resource declared at Bellevue

Maiden indicated resource declared at Bellevue Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by Gold|PROJECT|Drilling|Infrastructure gold|project|drilling|infrastructure Abeco Tanks~African Utility Week~AfriSam~Apex Strip Curtains~Barloworld Logistics~Bearings International~Camasa~Constructional Engineering Association~Cova Advisory & Associates~DEHN Africa~Delta Group~Engen~Fasken~Goscor Group~Husqvarna~IFAT Africa~Integrated Pump Technology~ISG~ITALCHAM~Jungheinrich~Juwi~Metric Automotive ~MiX Telematics~MyBroadband~NCPC (National Cleaner Production Centre)~Pragma~Pyrotec Packmark~Resolve Solution Partners~Rifle-Shot Performance Holdings~SACEEC~Seifsa~Siemens~SKF Group~Skyriders~SMS group~SRK Consulting~SSG Consulting~Syspro~thyssenkrupp~Traka Africa~UL Southern Africa~Weir Minerals Africa abeco-tanks-2019-09-12~african-utility-week-2017-01-30~afrisam-2012-05-05~apex-strip-curtains-2019-12-10~barloworld-logistics-2010-02-18~bearings-international-2018-03-02~camasa-2019-06-11~cea-2018-11-01~cova-advisory-associates-2014-02-17~dehn-africa-2016-07-04~delta-group-2019-11-06~engen-2013-05-28~fasken-martineau-2016-06-29~goscor-group-2018-02-26~husqvarna-2020-02-26~ifat-africa-2016-11-14~integrated-pump-technology-2019-12-12~isg-2013-07-01~italcham-2020-07-06~jungheinrich-2020-01-09~juwi-2018-02-05~metric-automotive-2019-12-12~mix-telematics-2020-03-26~mybroadband-2019-09-26~ncpc-national-cleaner-production-centre-2017-01-25~pragma-2018-12-11~pyrotec-packmark-2017-08-25~resolve-solution-partners-2016-06-23~rifle-shot-pe

BAW BAWP BC127 BAW21 BAW29 BAW19 BAW18 BAW30 BAW22 BAW28 BAW31 - BARLOWORLD LIMITED - Further update on the proposed acquisi

Back to SENS BARWORLD: 6,477 -23 (-0.35%) 07/07/2020 10:51 BARLOWORLD LIMITED - Further update on the proposed acquisition of Tongaat Hulett Starch business and renewal of cautionary announcement Release Date: 07/07/2020 10:05 Wrap Text Further update on the proposed acquisition of Tongaat Hulett Starch business and renewal of cautionary announcement Barloworld Limited (Incorporated in the Republic of South Africa) (Registration number 1918/000095/06) (Income Tax Registration number 9000/051/71/5) (Share code: BAW) (JSE ISIN: ZAE000026639) (Share code: BAWP) (Bond issuer code: BIBAW) (JSE ISIN: ZAE000026647) (Namibian Stock Exchange share code: BWL) ("Barloworld" or the "Company") Further update on the proposed acquisition of Tongaat Hulett Starch business and renewal of cautionary announcement Shareholders are referred to the announcements dated 12 and 28 May 2020 and 4 June 2020 ("update announcements) regarding the update on the proposed acquisition of the Sale Business and the material adverse change ("MAC) notice delivered by KLL Group Proprietary Limited, a wholly owned subsidiary of Barloworld ("KLL or "Barloworld), to Tongaat Hulett Limited ("THL) in terms of the sale and purchase agreement pertaining to the proposed acquisition of the Sale Business (the "SPA) (the "Transaction). Shareholders are reminded that the process to resolve the dispute as to whether a MAC has occurred continues and the appointment of the independent expert to adjudicate the MAC dispute is imminent. It is anticipated that the independent expert will deliver its opinion as to whether a MAC has occurred on or about 21 September 2020. In the interim, Barloworld continues to perform its obligations in terms of the SPA. Approval of the Transaction by the Competition Commission of the Common Market for Eastern and Southern Africa (COMESA) was obtained without conditions on 8 June 2020. Barloworld has been advised that the Competition Tribunal of South Africa has, on 6 July 2020, approved the Transaction without c

NEPI ROCKCASTLE PLC - Book build for unsecured green bond - SENS

("NEPI Rockcastle or "the Company) BOOK BUILD FOR UNSECURED GREEN BOND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL NEPI Rockcastle’s stakeholders are advised that further to the announcement released on 6 July 2020, regarding a proposed bond offering, the Company will undertake a book build today for an unsecured green bond issue on the following terms: Issuer: NE Property B.V. (Ticker: NEPSJ / Country: NL / LEI: 7245006AG9J70KOIJH36) Guarantor: NEPI Rockcastle plc (LEI: 549300FMWM53K9ULYT15) Issuer Ratings: BBB neg (S&P) and BBB st (Fitch) Issue Ratings (exp.): BBB (S&P) and BBB (Fitch) Format: Senior Unsecured, Green bond, RegS Registered, NSS Settlement: 14 July 2020 (T+5) Maturity: 14 July 2027 (7 years) Size: EUR 500 million (Will Not Grow) IPTs: MS+420bps area Covenants: Solvency ratio less than 0.6; Consolidated coverage ratio greater than 2.1; Unencumbered Consolidated Total Assets greater than 150% Docs / List: EMTN Programme/ Euronext Dublin / English law /CoC / Clean up Call (80%) / 3mth Par call / MWC Denoms: 100 000 + 1 000 UOP: Proceeds of the bond will be allocated to eligible green projects included in the portfolio selected in accordance with the use of proceeds criteria and selection process as defined in NEPI’s Green Financing Framework Target Market: Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels) PRIIPS: No PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK Joint Green Structuring ING and Societe Generale Advisors: Joint Bookrunners: Citi, Deutsche Bank (B&D), HSBC, ING, J.P. Morgan, Raiffeisen Bank International, and Societe Generale Timing: Books open,

Africa: How Leadership Matters in Healthcare - Especially in a Crisis

Africa: How Leadership Matters in Healthcare - Especially in a Crisis 5 July 2020 analysis By Cecile Gerwel Proches The COVID-19 pandemic presents a complex situation, requiring multiple stakeholders in the healthcare sector to work well together. Many healthcare workers are experiencing high levels of stress and making considerable personal sacrifices to care for patients with COVID-19. They are in essence servant leaders , putting their own interests aside. Some are even choosing not to live at home, to save their families from possible exposure to the virus. Others may be living at their place of work for the sake of those in need. The One World: Together At Home concert held in April 2020 showed appreciation of their efforts. Conditions for healthcare workers can be demanding at the best of times. For example, the public healthcare system in South Africa faces numerous challenges and constraints. We saw evidence of these in our 2018 study of four hospitals in KwaZulu-Natal province. The challenges included overcrowding, high bed occupancy rates, limited financial resources, budget constraints and critical shortages of staff. The infrastructure was old, and there were shortages of essential supplies such as pharmaceuticals, bandages, drugs and linen. Medical equipment and technology was outdated or malfunctioning. The study examined the impact of leadership on the delivery of healthcare services under these difficult conditions. We believe that leadership is the key to transforming public healthcare - and to coping with the COVID-19 crisis. Leadership in the South African healthcare sector should focus on employee engagement and fostering more meaningful relationships between staff. Leaders in the sector need to show empathy. They should help staff acknowledge and deal with the trauma that they may be experiencing. Challenges from the frontline There have been numerous accounts of nurses' concerns and fears about the pandemic, and how some feel as though their voices weren't being heard

One injured in a serious vehicle rollover near Bapsfontein

One injured in a serious vehicle rollover near Bapsfontein 07 July 2020 | From Arrive Alive Emer-G-Med responded to a serious collision near Bapsfontein. On arrival found one vehicle overturned. Treated one patient on the scene with injuries. Netcare transported the patient to a medical facility. Local authorities were on scene for further investigations. - Arrive Alive (@_ArriveAlive) July 7, 2020 Share This Page Gauteng: Woman injured after tree falls on car... 06 Jul 2020 | From Arrive Alive Gauteng: At 06H09 Monday morning Netcare 911 responded to reports of a collision on Brooklyn Road in Menlo Park Pretoria. Reports from the scene indicate that a tree had fallen into the road landing on a car. The patient, an adult female who was also the only occupant in the vehicle sustained Emer-G-Med responded to a vehicle that was on fire on the R21... 06 Jul 2020 | From Arrive Alive Emer-G-Med responded to a vehicle that was on fire on the R21 direction South after Nelmapius Drive. The fire department was activated. Fortunately no injuries on scene. Local authorities were on scene for further investigations. Emer-G-Med responded to a vehicle that was on fire on the Three hospitalised following an alleged poisoning at a residence in Cele... 06 Jul 2020 | From Arrive Alive A man and two boys have been hospitalised following an alleged poisoning at a residence in Inwabi in the Cele area, KwaZulu Natal. ER24 paramedics, along with the Life Healthcare paramedics, arrived on the scene at approximately 11h20 to find the local authorities already in attendance. On closer KZN: One critical after falling off the back of a bakkie on the R102... 06 Jul 2020 | From Arrive Alive KwaZulu-Natal: At 09H44 Monday morning Netcare 911 received a call for advanced life support assistance on the R102 Eastbound near King Shaka International Airport. Reports from the scene indicate that a 34-year-old male had fallen off the back of a bakkie allegedly while trying to grab his cellphone. The Taxi rollover leaves multipl

Read About Why Magu Was Grilled For Six Hours Over 24 Allegations

Twitter Mr Ibrahim Magu of EFCC The acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu was, Monday, grilled for six hours at the Presidential Villa in Abuja by a presidential panel set up by the President Muhammadu Buhari. The panel, which was inaugurated about a week ago, interrogated Magu at the old Banquet Hall of the Presidential Villa, Abuja, after he was whisked to the venue by armed operatives of the Department of State Services. The panel, led by a former President of the Court of Appeal, Justice Ayo Salami (retd.), had about seven other members including the Deputy Inspector-General of Police, Force Criminal Investigation and Intelligence Department, Mike Ogbizi. The panel also had representatives from the Office of the National Security Adviser, the DSS and other related agencies. It was learnt that Magu was accosted by security agents in plain clothes in front of the old EFCC headquarters on Fomella Street, Wuse 2, Abuja, around 12noon on Monday. Magu, who was in his own convoy, was shown a letter of invitation from the presidential panel requesting his presence. The EFCC boss was said to have explained to the security agents that he would honour the invitation on a future date but they refused to accept Magu’s explanation and insisted that he followed them to the Presidential Villa. ALSO READ: Buhari Declares Intention To Seek Re-Election At Last He was subsequently whisked away and brought before the panel where he responded to several questions directed at him. A top EFCC source said, "Attempts to bring Magu before the panel in the past had proved abortive. So, on Monday, a team of security agents in plain clothes accosted him around the old EFCC office in Wuse 2. "Magu’s men quickly put up a resistance but the security officials on the other side quickly corked their guns and insisted that they were following presidential orders. They immediately took Magu into custody and brought him before the panel. It was learnt that 24 alle

Tongaat's starch sale receives competition approval, but MAC dispute still unresolved

Tongaat's starch sale receives competition approval, but MAC dispute still unresolved Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From Tongaat's starch sale receives competition approval, but MAC dispute still unresolved Name & Surname Tongaat's starch sale receives competition approval, but MAC dispute still unresolved 7th July 2020 ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + The Competition Tribunal has approved, without conditions, the disposal of JSE-listed Tongaat Hulett’s starch business to fellow-listed Barloworld. However, the transaction still awaits approval from the competition authorities in Indonesia, while a third-party investigation into a material adverse change (MAC) in the sale and purchase agreement between Tongaat and Barloworld is yet to be resolved. Advertisement Barloworld in May raised concern about Tongaat’s starch business, which it intended to acquire, believing that Covid-19-related impacts on the earnings of the business had resulted in an MAC to the terms of the agreement. The companies then decided to refer the matter to an independent accountant who would determine if such a change had taken place. Advertisement The acquisition cannot proceed if the MAC determination has not been finalised. If the determination has not been made by the longstop date for the acquisition, which is October 31, then the deal will be terminated. Tongaat maintains that an MAC has not occurred and remain

HCI - HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Financial Results Notification of reliance on the FSCA market notice dated 3

Back to HCI SENS HCI: 3,150 0 (0.00%) 07/07/2020 10:51 HOSKEN CONSOLIDATED INVESTMENTS LIMITED - Financial Results Notification of reliance on the FSCA market notice dated 3 April 2020 Release Date: 07/07/2020 10:07 Wrap Text Financial Results - Notification of reliance on the FSCA market notice dated 3 April 2020 HOSKEN CONSOLIDATED INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1973/007111/06) (Share code: HCI ISIN: ZAE000003257) ("HCI) FINANCIAL RESULTS - NOTIFICATION OF RELIANCE ON THE FSCA MARKET NOTICE DATED 3 APRIL 2020 Shareholders are reminded that the Company’s annual reporting date is 31 March and are referred to its reviewed provisional results for the period ended 31 March 2020, released on SENS on 17 June 2020. In accordance with the JSE Listings Requirements, the Company’s integrated annual report in respect of the period ended 31 March 2020 was due to be released on or before 31 July 2020. Shareholders are advised that due to the disruption caused by COVID-19, the Company’s ability to complete the necessary work required to finalise and distribute the integrated annual report by 31 July 2020 has been severely constrained. Shareholders are therefore advised that the Company will be utilising the two month extension period afforded to issuers with year-ends of 31 December 2019, 31 January 2020, 29 February 2020 and 31 March 2020, as communicated in the market notice issued by the Financial Services Conduct Authority on 3 April 2020 and distributed by the JSE on the same date. HCI will issue its integrated annual report, incorporating the annual financial statements and the notice of annual general meeting, by no later than 30 September 2020. As advised by the JSE, the Company reiterates that market participants should not draw undue adverse inferences as a result of it making use of the extension periods available to it. Cape Town 7 July 2020 Sponsor: Investec Bank Limited www.hci.co.za Date: 07-07-2020 10

South African govt initiates process of developing societal hydrogen roadmap

South African govt initiates process of developing societal hydrogen roadmap 7th July 2020 BY: Martin Creamer Creamer Media Editor South African government initiates development of societal hydrogen roadmap JOHANNESBURG (miningweekly.com) - South Africa’s Department of Science and Innovation (DSI) has initiated a process, with other government and industry stakeholders, to develop a roadmap that will lead South Africa towards a hydrogen society, Mining Weekly can today report. The aim is to create a policy document that will inform all relevant parties in South Africa about the potential and immediate benefits of developing and deploying hydrogen technologies and how they can be integrated into the South African renewable energy masterplan. Advertisement "The roadmap will put into perspective costs associated with rolling out green hydrogen technologies, as well as sourcing brown and blue hydrogen (derived from coal and natural gas, respectively) from existing facilities as part of the 'just transition' phase. The roadmap will leverage on the lessons learnt through pilot deployments of hydrogen fuel cell systems at schools and hospitals to move towards large-scale adoption," DSI chief director: hydrogen and energy Dr Rebecca Maserumule stated in a media release to Mining Weekly. Before the development of this high-level document could begin, terms of reference were compiled by an interdepartmental committee, and North-West University (NWU) was appointed as the coordinator. Advertisement Hydrogen can act as an enabler to link together many industries that require energy and chemical feedstock at the same time, NWU professor Dmitri Bessarabov, an internationally recognised scientist with extensive industrial and academic decision-making experience in the area of hydrogen and fuel cells, who is also director of the Hydrogen South Africa (HySA) Infrastructure Centre of Competence, pointed out. The HySA programme falls under the DSI, which provides funding and direction. The specific

EVs are starting to buoy the global metals market

EVs are starting to buoy the global metals market 7th July 2020 BY: Bloomberg The market gloom over the metals that will power the cars of the future is starting to lift. Supply overhangs and then the coronavirus pandemic had crushed short-term prospects for the minerals used to make rechargeable batteries. But new government commitments to green transport in China and Europe, as well as curtailments to mining and future investments, have led to a growing consensus the markets are bottoming out. Advertisement Add in the fact that battery technologies are continuing to get cheaper, and there’s reason to be bullish "over the next few years once we get through the current predicament, said Chris Berry, president of House Mountain Partners, an industry consultant. "The European Union, in particular, is essentially rebuilding their automotive supply chains around battery metals, and incentivizing EV adoption, Berry said in a phone interview. "The Chinese have re-instituted the EV subsidy regime as well. Advertisement Exuberance about the future for electric-powered vehicles led to an oversupply of metals such as lithium and cobalt, sending prices tumbling by more than half from their 2018 peaks. Then just as some optimism was returning to the markets, the coronavirus pandemic triggered a demand slowdown that clouded recovery prospects for those metals as well as nickel. While shorter-term forecasts have been reduced, the longer-range outlook remains impressive. BloombergNEF predicts global electric-vehicle sales will return to growth over the next few years, rising from two-million last year to 8.5-million by 2025, then climb to about 26-million by 2030. The worldwide market for cathode for lithium-ion batteries, the most common type in rechargeable cars, is expected to reach $58.8-billion by 2024 from $7-billion in 2018, according to a United Nations report. Those outlooks leave the world’s largest producer of lithium expecting a market turnaround by 2022. Demand "is starti

Fire and burn safety

Fire and burn safety 07 July 2020 | From Arrive Alive In the cold winter weather, the risk of injury from fire significantly increases. Do you know what to do for a thermal burn? A Medical Research Council report estimates that every year, approximately 1.6-million South Africans suffer burn injuries - and most of those victims are from poorer communities. This is because many people in low-income communities do not have electricity and have to rely on candles, lanterns and paraffin stoves for heat and light. Gas heaters and open flames in small rooms are common causes of fires in informal settlements and fires can spread rapidly due to the flammable materials. Unfortunately, it is not uncommon for emergency personnel to respond to fatal residential fires during winter. In many cases, ER24 paramedics treat people for smoke inhalation or severe burn injuries. THE DO’s AND DON’Ts OF BURNS - Remove burned clothing that is stuck to the body - Use very cold water or ice on a burn - Apply ointments, jellies, sprays of first-aid creams to severe burns =Burst blisters - Remove clothing and jewelry that has been burned - Run tap water or room temperature water over the burn - Apply a loose, clean, dry cloth or bandage to the burned area after it has cooled and seek medical care For moderate to severe burns, you should immediately call ER24 on 084 124 Share This Page Two bodies found lying in a veld in Brandwag... 07 Jul 2020 | From Arrive Alive The bodies of two men were found this morning in a veld near the military base in Brandwag, Bloemfontein. ER24 paramedics were called to the scene by the local authorities. On arrival, medics found the body of a man lying some distance in the veld. Unfortunately, the man had been dead for some One injured in a serious vehicle rollover near Bapsfontein... 07 Jul 2020 | From Arrive Alive Emer-G-Med responded to a serious collision near Bapsfontein. On arrival found one vehicle overturned. Treated one patient on the scene with injuries. Netc

Massmart says 1 800 Game jobs at risk

Massmart says 1 800 Game jobs at risk The potential job cuts would represent around 3% of Massmart's total workforce. Tanisha Heiberg, Reuters 7 Jul 2020 11:21 Image: Waldo Swiegers/Bloomberg South Africa retailer Massmart Holdings Ltd has started talks with unions to cut up to 1 800 jobs at the company's struggling Game stores as constrained spending and the new coronavirus weigh on performance, the company said on Tuesday. Majority-owned by Walmart and operator of supermarkets and wholesalers such as Makro and Game, Massmart said talks began after it assessed the efficiency of the stores. Massmart said it was implementing a new operating model at Game after its "indifferent performance in the 2019 financial year and the negative impact of trading restrictions because of the pandemic on sales. The company said it would not close any of its Game stores, however. Game, a general merchandise chain, has been a drag on group profit as financially-constrained customers prioritise spending on non-durables, such as food, over spending on goods such as appliances. Massmart earlier in the year said it would cut costs and restructure into wholesale and retail units, but the impact of the virus has accelerated some of the turnaround strategies. The group lost R4.6 billion ($268 million) in sales during a strict nine-week lockdown. The potential job cuts would represent around 3% of Massmart's total workforce. Job cuts are a politically-sensitive issue in South Africa, where unemployment stands at around 30%. Game joins some of the country's big firms such as steel producer ArcelorMittal South Africa Ltd, food producer Tiger Brands and third-biggest telecom operator Cell C, which have already announcing plans to cut jobs. Get access to Moneyweb's financial intelligence and support quality journalism for only R63/month or R630/year.

July 2020-2021 Jobs, Bursaries, Internships : Student Spaza

Tweet With the aim to help you reach all the info you need about Careers, Jobs, Bursaries, or Internships, we have rounded up a list of best opportunities that you can check out for the June month- make sure you apply before the closing date. See the list below: STANDARD BANK GROUP BURSARY FUND The undergraduate bursary is specific to students that are on track to successfully complete their 1st year and require funding from their 2nd year of studies onwards. Applicants should be well-rounded with strong academic results in the fields of commerce, science, engineering, mathematics, and technology. Minimum selection criteria: ANGLO AMERICAN BURSARY / SCHOLARSHIP PROGRAMME 2021 Fields of Study Mining Engineering Applicants must successfully complete 3rd year of study in 2020 in Mining Engineering or Geology degree, passing all modules. Must also pass the medical fitness examinations to be considered. Chemistry Rock Engineering Applicants must successfully complete 3rd year of study in 2020 in Mining Engineering or Geology degree, passing all modules. Must also pass the medical fitness examinations to be considered. Metallurgical Engineering Applicants must successfully complete 3rd year of study in 2020 in either Metallurgy / Chemical Engineering degree, passing all modules. Must also pass the medical fitness examinations. Geology Engineering Applicants should pass Grade 12 in 2020 with a pass rate of at least 60% in mathematics and physical science plus English and pass the medical fitness examinations to be considered. How to apply Closing Date: 14 July 2020 Applications for the Sasol Foundation bursary are currently closed and will open August 2020. The applicant must meet the following minimum criteria: Be a South African citizen. Must have acceptance or provisional acceptance for studies at a South African University or the University of Technology for 2020, strictly for a STEM field of study approved by the Sasol Foundation. The combined household income must be less than R600,000.00 p

EXX - EXXARO RESOURCES LIMITED - EXX - Broad Based Black Economic Empowerment Act: Annual Compliance Report - 07/07/2020

EXXARO: 13,373 -295 (-2.16%) 07/07/2020 10:53 EXXARO RESOURCES LIMITED - EXX - Broad Based Black Economic Empowerment Act: Annual Compliance Report Release Date: 07/07/2020 10:45 Wrap Text EXX - Broad Based Black Economic Empowerment Act: Annual Compliance Report EXXARO RESOURCES LIMITED Incorporated in the Republic of South Africa (Registration Number: 2000/011076/06) JSE share code: EXX ISIN: ZAE000084992 ADR code: EXXAY ("Exxaro or the "Company) Broad Based Black Economic Empowerment Act (the "BBBEE Act"): Annual Compliance Report In accordance with paragraph 16.21 (g) and Appendix 1 to Section 11 of the JSE Limited Listings Requirements, notice is hereby given that the Company´s annual compliance report in terms of section 13G (2) of the BBBEE Act, as submitted to the Broad Based Black Economic Empowerment Commission on 24 June 2020 has been published and is available on Exxaro's website at https://www.exxaro.com/assets/files/Exxaro_BEE.pdf 7 July 2020 SE Van Loggerenberg Group Company Secretary & Legal Pretoria Sponsor to Exxaro Resources Limited Absa Corporate and Investment Bank, a division of Absa Bank Limited Date: 07-07-2020 10:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. Sharenet Wealth Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding th

All jobs

...progressive manufacturing business that is on the lookout for amazing technologists creating... 3 days ago Data Scientist Centurion R400000 - R450000 Yearly A wonderful opportunity is available at an intelligent solutions company with strong, industry-specific expertise in data management, GIS, analytics and software... 3 days ago Mid-Level Salesforce Developers Johannesburg R650000 - R700000 Yearly Leaders in cloud technology are on the lookout for mid-level Salesforce developers to join their dynamic team of innovators in their Johannesburg North's convenient... 3 days ago Printer Machine Assistant (Labels) Midrand Assistance on a Gravure Label printing machine. Only CVs with relevant experience from the label printing industry will be considered for the role. 3 days ago A leading bank is looking for a senior quantitative analyst to join their dynamic team. 3 days ago Key Account Manager - Clicks Gauteng Responsibilities: &•Develop allocated customers and Key Account strategies for promotions, pricing, commercial terms in line with the Sales &... 3 days ago Marketing Manager Polokwane Our Nomad Now client, a holding company of a diverse group of agricultural companies, is looking for a marketing manager. 3 Jul 2020 Human Resource Generalist Durban Our Nomad Now client, an expert quality and compliance service provider and agent insight service provider, is looking for a human resource generalist. 3 Jul 2020 Quality/Compliance Assessor Durban Our Nomad Now client, an expert quality and compliance service provider and agent insight service provider, is looking for a quality and compliance assessor. 3 Jul 2020 Senior Java Developer Johannesburg Our Nomad Now client, a specialist software development company that designs and implements complex IT solutions, is looking for a senior Java developer with a minimum... 3 Jul 2020 Kubernetes Developer Remote Work Our Nomad Now client, a niche consultancy focusing exclusively on Kubernetes and the Cloud Native ecosystem,

Over 500 jobs on the line at Media24

Twitter Facebook Reddit LinkedIn WhatsApp YouTube Naspers-owned publishing group Media24 plans to close multiple newspapers and magazines subject to a finalisation of the plan, with over 500 jobs on the line. In a statement on Tuesday, Media24 said it is considering the closure of five magazines and two newspapers, outsourcing and reducing the frequency of its remaining monthly magazines, taking two newspapers digital only, and reducing staff in related support services. "The company will start consultations with staff today, it said, adding that the Covid-19 pandemic has hit the group "hard. The pandemic has accelerated the pre-existing and long-term structural decline in print media "From the earliest days of the pandemic in South Africa, everything we’ve done focused on two main priorities. Firstly, the health and safety of our people, and secondly, business continuity - by implication also protecting employment for as long as possible, said Media24 CEO Ishmet Davidson in the statement. "However, the pandemic has accelerated the pre-existing and long-term structural decline in print media, resulting in a devastating impact on our own already fragile print media operations with significant declines in both circulation and advertising since April. For many of our print titles, the benefits of prior interventions to offset the structural declines and keep them on the shelf no longer exist and we’ve run out of options in this regard. ‘Unrecoverable’ "Even with a return to pre-Covid-19 economic levels, the impact of the pandemic on our print media operations will be unrecoverable. Sadly, we have no choice but to restructure our business now to curtail the losses in our print portfolio and allow us to focus on keeping the retained titles sustainable and in print for as long as possible. About 510 employees are likely to be affected by the closures, with a proposed reduction of almost 660 positions out of a total staff completely of 2 971, Media24 said.

DGAP-News: Vodacom Tanzania Plc: Send money to Tanzania from anywhere around the World

... 200 countries worldwide. Download Image: Assistant Manager, Oversight and Policy at Directorate of National Payment Systems from Bank of Tanzania, Albert Cesari (centre), in a group photo with Vodacom Tanzania Executive Committee members including WorldRemit Tanzania Country Director Cynthia Ponera (second left) during International day of family remittances event held in Dar es Salaam This was said recently at an international day of family remittances event held in Dar es Salaam where stakeholders met to deliberate on the future of International Remittance post COVID 19. Speaking during a panel discussion on the same, Assistant Manager, Oversight and Policy at Directorate of National Payment Systems from Bank of Tanzania (BOT) Albert Cezari said the national bank has increased limits on digital transactions and reviewed balances of mobile wallets in a bid to provide relief and ensure continuity of services as part of measures taken amidst COVID-19. On his part, Vodacom Tanzania PLC Managing Director Mr. Hisham Hendi, said that international remittances make possible people and small businesses to stay connected irrespective of geography. He further pointed out that international remittances continue to transform the lives of thousands of Tanzanians through facilitating payments in education, health, and various business segments which is why Vodacom M-Pesa has aimed to continue providing a platform for Tanzanian diaspora to effectively participate in socio-economic activities which will contribute to the overall development of the country. "We pride ourselves for being enablers in the payment system by facilitating cross border trade within the region for the efficient and seamless sending and receiving of funds, from anywhere around the globe through M-Pesa International Money Transfer Service.' He said. Vodacom M-Pesa has broadened its portfolio of partnerships and countries over the past few months to widen its Money transfer service worldwide. At the global stage, partners includ

Retirement savings outcomes remain in the doldrums despite regulatory push

Retirement savings outcomes remain in the doldrums despite regulatory push 07 July 2020 Gareth Stokes The 2019 Alexander Forbes Member Watch confirms that South Africa has made little progress on the road to sustainable retirement outcomes for fund members in the formal savings environment. The latest report, which is a quantitative assessment of the more than one million retirement savings accounts administered by the financial services firm, shows that fewer than one in 12 fund members will achieve a replacement ratio of 80% or better in retirement. It offers valuable insights about member decisions insofar contributions, investment choices, and retirement age, among other factors. Getting to grips with the RR The replacement ratio is the preferred measure used by the retirement savings industry to assess whether retirees are achieving sustainable incomes in retirement. The ratio represents a retiree’s income in his or her first year of retirement expressed as a percentage of his or her final pre-retirement pensionable salary. The phrase ‘pensionable salary’ is important because many retirement fund members receive benefits that are not part of their pensionable salary. The replacement ratio for someone with a pre-retirement salary of R50 000, which included R5 000 in non-pensionable benefits, would thus be determined using the R45 000 per month pensionable salary only. In this example a 50% replacement ratio would be equivalent to a R22 500 post-retirement income. There are countless factors that financial advisers and their clients must know about the formal component of their retirement funding journeys, whether as members of a pension or provident fund or retirement annuity. These include the overall level of contributions to the retirement funding vehicle; the administrative expenses and risk premiums deducted from said fund contributions; the investment fees and returns on the member’s investment portfolio; the member’s salary progr

New Internal Auditing Director appointed

New Internal Auditing Director appointed WELCOME: Driekie van Dyk is the new Director: Internal Audit. CPUT has appointed Driekie van Dyk to the position of Director: Internal Audit. Van Dyk, who took up the post on June 1, completed a Bachelor of Accounting degree at Stellenbosch University as the first step towards qualifying as a Chartered Accountant. She then joined PwC to complete her articles and spent five years at the Stellenbosch office. In 2004 Van Dyk started at TFG (The Foschini Group) in the internal audit department, where she held various positions. During her time at TFG, she obtained two additional audit certifications and a Master’s degree in Computer Auditing. "Internal auditing is an independent assurance activity designed to add value and improve an organisation’s operations. This involves identifying the risks that could keep CPUT from achieving its goals, making sure CPUT’s leaders know about these risks and proactively recommending improvements to help reduce the risks. In short, internal auditing helps to improve and protect CPUT for generations to come. Van Dyk said she has always been interested in general business and commerce. "Internal audit provided opportunities to learn about all aspects of business, from governance to operations. This was particularly interesting in the fast-moving fashion industry. She enjoys endurance sports such as long distance running and triathlons and tries to combine this with travel. "The lockdown enticed me to explore a few new activities, including baking and gardening. Written by Ilse Fredericks

Massmart eyes 1800 job cuts at Game

JOHANNESBURG Massmart has embarked on Section 189 consultations with organised labour on plans to possibly cut 1 800 jobs across its Game stores it told investors today. Massmart which operates the Game Makro and Builders Warehouse brands said it recently completed an assessment of opportunities to improve our South African Game store efficiencies. Consequent to this project Massmart advises shareholders that the group has commenced with respect to its Game stores in South Africa a consultation process in terms of section 189 and section 189A of the Labour Relations Act 66 of 1995 as amended ( the LRA ); with organised labour and other relevant stakeholders. This process may potentially affect 1 800 employees in our Game stores in South Africa said Massmart. The group said that shareholders would be advised of the outcome of the consultation process. The possible job cuts at Game come months after the group closed 34 underperforming DionWired and Masscash stores affecting 1 440 employees equivalent to 3 percent of its workforce. Massmart announced a turnaround plan in January that included exiting underperforming fresh and frozen food categories at Game as well as the consolidation of the group s low cost wholesale route to market by merging Masswarehouse and Masscash Cash & Carry operations. The retail industry has been hit hard by South Africa s gloomy economic prospects which have been further exacerbated by the Covid 19 pandemic global outbreak. Massmart said in its 2019 annual report that the operating environment was challenging as hard pressed consumers opted to spend on non durable goods rather than durable goods as they grappled with the slow wage growth and rising fuel costs. BUSINESS REPORT

South African govt initiates process of developing societal hydrogen roadmap

South African govt initiates process of developing societal hydrogen roadmap 7th July 2020 BY: Martin Creamer Creamer Media Editor South African government initiates development of societal hydrogen roadmap JOHANNESBURG (miningweekly.com) - South Africa’s Department of Science and Innovation (DSI) has initiated a process, with other government and industry stakeholders, to develop a roadmap that will lead South Africa towards a hydrogen society, Mining Weekly can today report. The aim is to create a policy document that will inform all relevant parties in South Africa about the potential and immediate benefits of developing and deploying hydrogen technologies and how they can be integrated into the South African renewable energy masterplan. Advertisement "The roadmap will put into perspective costs associated with rolling out green hydrogen technologies, as well as sourcing brown and blue hydrogen (derived from coal and natural gas, respectively) from existing facilities as part of the 'just transition' phase. The roadmap will leverage on the lessons learnt through pilot deployments of hydrogen fuel cell systems at schools and hospitals to move towards large-scale adoption," DSI chief director: hydrogen and energy Dr Rebecca Maserumule stated in a media release to Mining Weekly. Before the development of this high-level document could begin, terms of reference were compiled by an interdepartmental committee, and North-West University (NWU) was appointed as the coordinator. Advertisement Hydrogen can act as an enabler to link together many industries that require energy and chemical feedstock at the same time, NWU professor Dmitri Bessarabov, an internationally recognised scientist with extensive industrial and academic decision-making experience in the area of hydrogen and fuel cells, who is also director of the Hydrogen South Africa (HySA) Infrastructure Centre of Competence, pointed out. The HySA programme falls under the DSI, which provides funding and direction. The specific

Game plans to cut up to 1,800 jobs

Game plans to cut up to 1,800 jobs Bradley Prior 7 July 2020 Subscribe Massmart has released a statement in which it said 1,800 Game employees are at risk of losing their jobs. The company said it has recently completed an assessment of how it can improve the efficiency of its Game stores. As a result of this assessment, it has begun a consultation process that could result in major job cuts. "Massmart advises shareholders that the group has commenced, with respect to its Game stores in South Africa, a consultation process in terms of section 189 and section 189A of the Labour Relations Act 66 of 1995, said Massmart. This section of the Labour Relations Act relates to retrenchments, and is forming the core of discussions with organised labour and other relevant stakeholders. "This process may potentially affect 1,800 employees in our Game stores in South Africa, said Massmart. It said that shareholders would be advised of the outcome of the consultation process. Massmart struggles This news follows the company closing all of its Dion Wired stores with immediate effect in March 2020. "All Dion Wired stores will cease trading at 18:00 on 19 March 2020. Online shopping on www.dionwired.co.za will close at 8:30 on 19 March 2020. But you can still get all your favourite brands at Game, said the Game website. This announcement followed a similar format to the one that has just been published regarding Game. "The Massmart Group has recently conducted a store optimisation project that highlighted a number of underperforming stores in its portfolio, Massmart said. "Consequent to this project, the Massmart Group seeks to advise shareholders that Massmart has commenced a potential store closure consultation process in terms of section 189 and section 189A of the Labour Relations Act. The official shuttering of these stores came two months after Massmart began consultations with workers’ unions over possible retrenchments at Dion Wired.

Tribunal approves settlement between Commission and Cape Town firm accused of charging excessive prices for hand sanitiser

...chem is entering into the agreement "in order to avoid protracted litigation and nothing in the agreement should be construed as an admission of liability Background On or around 30 March 2020, the Commission received a complaint against Caprichem. The complainant alleged that Caprichem had increased its price for 5-litres of hand sanitiser from R262 to R527 inclusive of VAT during the national state of disaster and lockdown and subsequent to the publication of the Regulations. The Commission says its investigation found, among others, that: Around 16 March 2020, Caprichem increased its prices for 5-litre hand sanitisers from R262 to R527 (including VAT). This increase amounts to a 101.15% increase; Caprichem prior to the state of national disaster (i.e. before 15 March 2020), sold the 5-litre hand sanitisers at a gross profit margin of 31.4% and a net profit margin of 2.2%; After it increased its prices shortly after the declaration of the state of national disaster (i.e. after 15 March 2020), Caprichem sold its 5-litre hand sanitisers at a gross profit margin of 60.1% and a net profit margin of 44.4%; and The increase constitutes a 91% increase in gross profit margin and a 1918% increase in net profit margin. The Commission concluded that Caprichem’s conduct amounts to a contravention of the Act read with Regulation 4 of the Regulations. Western Cape hardware company agrees to donate to Solidarity Fund after Commission accuses it of excessively pricing face masks A Western Cape hardware company has agreed to donate R6 074.63 to the Solidarity Fund after the Commission accused it of having charged its customers excessive prices for face masks during March 2020. This forms part of the terms of a consent agreement between the Commission and West Coast Hardware (Pty) Ltd. The company trades as Brights Hardware Store which is a group of hardware stores in eight towns in the province. Although West Coast Hardware does not admit that its conduct contravened section 8(1)(a) of the A

HMN - HAMMERSON PLC - TR -1: Standard form for notification of major holdings - 07/07/2020

HAMMERSON: 1,835 -65 (-3.42%) 07/07/2020 10:51 HAMMERSON PLC - TR-1: Standard form for notification of major holdings Release Date: 07/07/2020 11:00 Wrap Text TR-1: Standard form for notification of major holdings Hammerson plc (Incorporated in England and Wales) (Company number 360632) LSE share code: HMSO JSE share code: HMN ISIN: GB0004065016 ("Hammerson or "the Company) TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- HAMMERSON plc tachedii: 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an "X) An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments X An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligationiv Name The Goldman Sachs Group, Inc. Corporation Trust Center, 1209 Orange Street, City and country of registered office (if applicable) Wilmington DE 19801, USA 4. Full name of shareholder(s) (if different from 3.)v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 02/07/2020 reachedvi: 6. Date on which issuer notified (DD/MM/YYYY): 06/07/2020 7. Total positions of person(s) subject to the notification obligation % of voting rights % of voting rights at- Total number of through financial instru- Total of both in % tached to shares (to- voting rights of is- ments (8.A + 8.B) tal of 8. A) suervii (total of 8.B 1 + 8.B 2) Resulting situation on the date on which 0.01% 0.07% 0.08% 766,293,613 threshold was crossed or reached Position of previous notification (if 0.26% 10.08% 10.34% applicable) 8. Notified details of the resulting situation on the date on

Massmart says 1,800 Game jobs at risk

Massmart says 1,800 Game jobs at risk By Reuters - 07 July 2020 - 11:40 While the company has started the process to cut nearly 2000 jobs, it said it would not close any of its Game stores. Image: BLOOMBERG Retailer Massmart Holdings Ltd has started talks with unions to cut up to 1,800 jobs at the company's struggling Game stores as constrained spending and the new coronavirus weigh on performance, the company said on Tuesday. Majority-owned by Walmart and operator of supermarkets and wholesalers such as Makro and Game, Massmart said talks began after it assessed the efficiency of the stores. Massmart said it was implementing a new operating model at Game after its "indifferent performance in the 2019 financial year" and the negative impact of trading restrictions because of the pandemic on sales. The company said it would not close any of its Game stores, however.

Massmart starts consultation process

Massmart starts consultation process 12:40 Tue, 07 Jul 2020 Massmart said that it had started a consultation process that may affect 1,800 employees at Game stores in South Africa. In an update to shareholders on Monday morning, the retailer said that it had made the decision after completing an assessment of opportunities to improve efficiency. Massmart said that it was taking the next step under Section 189 of the act, which governs, among other things, the procedures that companies must follow ahead of any possible retrenchments. In addition to Game, Massmart owns Makro, Dion Wired, Builders Warehouse and Masscash.

SA's coronavirus cases continue to soar - Breaking news, special reports, world, business, sport coverage of all South Afric

Richard Brooks Richard Brooks 6 July 2020, 11:57 PM | SABC Digital News | @SABCNews On Monday, the country breached the 200 000 mark, recording a cumulative total of 205 721 confirmed cases. South Africa's coronavirus cases continue to soar. On Monday, the country breached the 200 000 mark, recording a cumulative total of 205 721 confirmed cases. With a further 111 COVID-19 related deaths, the death toll rises to 3 310, while the recoveries stand at 97 848. The active cases are at 104 563.

Mexico's coronavirus pandemic could last until next April - Health official - Breaking news, special reports, world, busines

7 July 2020, 4:14 AM | Reuters | @SABCNews Image: Reuters Mexico has recorded 261 750 total cases and 31 119 overall deaths, putting it in fifth place worldwide for most fatalities from COVID-19, the respiratory illness caused by the novel coronavirus, according to a Reuters tally. The coronavirus pandemic could last in Mexico until next April, with infections expected to rise during the October flu season and through winter, a top health official said on Monday, further pushing back the potential resolution of the crisis. Mexico has recorded 261 750 total cases and 31 119 overall deaths, putting it in fifth place worldwide for most fatalities from COVID-19, the respiratory illness caused by the novel coronavirus, according to a Reuters tally. Mexican Deputy Health Minister Hugo Lopez-Gatell, the coronavirus czar, has continually walked back forecasts about when the crisis would peak, and has said the death toll and infection tally are likely higher than reported figures. In an interview with Mexico's Radio Formula, he warned that coronavirus infections may persist in significant numbers into the winter, carrying the pandemic into spring. "Flu season begins in October and there are some reasonable assumptions that we could also have a spike in COVID-19 along with the flu throughout the fall-to-winter season, he said. When asked about the length of the pandemic in Mexico,Lopez-Gatell said it could last "until March to April of next year. The University of Washington's Institute for Health Metrics and Evaluation has estimated that Mexico will exceed 88 000 deaths from the coronavirus by October. This entry was posted on 07 Jul 2020,04:14AM at 4:14 AM and is filed under World . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

BUSINESS MAVERICK OP-ED: South Africa - The 1% country

South Africa - The 1% country South Africa - The 1% country By Bruce Cameron• 7 July 2020 It is important, whether you have a low-level living annuity income or you're very wealthy, that you get advice on offshore investments, says the writer. (Photo: Rawpixel) A recent presentation by a top financial planner highlights that if you're concentrating on South Africa's markets, you're going to lose out on investment returns and global growth. Save Wouter Fourie, a top-flight financial planner, recently delivered a presentation on offshore investment at the first Global Matters virtual engagement online conference, sponsored by Momentum Investments. He demonstrated that most people who invested offshore, using their assets in their investment-linked living annuities (living annuities or illas), had made gains - it didn't matter about Covid-19 or the Jacob Zuma kleptocracy regime. This is what the data now looks like: In his presentation, Fourie referred to South Africa as the "1% country - not in a nasty way, but in a realistic way. His reasons are: The gross domestic product of South Africa is about 0.5% of the world GDP, The JSE stock exchange accounts for about 1% of global investment opportunities, and The rand accounts for less than 1% of world currency markets. We are actually quite a small economy, only equalling one of the US's smaller states. Fourie says if you are going to concentrate on South Africa's markets, you are going to lose out on investment returns for the following reasons. You will not: Participate in global growth, and You lose out on the compounding growth on the investments you have not made, You will not receive the diversification and the reduction in risk by spreading your risk to more types of industries and services. This means you will not receive the benefits of an income stream that will flow from these sources. This is particularly important for pensioners, You will not benefit from receiving guidance from world-class financial investment professionals, or f

Why We Need A Sustainability-Centric Recovery Model For The Future Of Business

Growth Strategies Why We Need A Sustainability-Centric Recovery Model For The Future Of Business How will the future look like in a post COVID-19 era? What can we do to support the global socio-economic recovery? What will become the new business as usual? Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! Email Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. The scale of the socio-economic impacts of the coronavirus pandemic is an ever-evolving focus area, as the world continues to face an unprecedented health crisis , which has brought the global economy to a standstill, temporarily shut down industries, and still locking down certain countries to contain the further spread of COVID-19. According to an April report published by the IMF, the global economy could shrink by 3% this year, hindering sustainable development across all dimensions, economic, social, and environmental. At an organizational level, there is no question on the enormous stress that the pandemic has put on businesses, from a rushed transition to virtual working ecosystems, a disruption in supply chains , and a decreasing product or service demand, with some companies being critically affected and unable to navigate these challenging times. But what has been remarkable in these unprecedented times is the global solidarity and responses of governments, the private sector, and the civil society in mobilizing resources towards reducing the impacts of the pandemic. We have seen aid being deployed towards countries in need, organizations repurposing manufacturing lines to produce medical equipment and supplies, and individuals starting initiatives to uplift their communities. And so, the question which now surfaces more and more is how will the future look like in a post COVID-19 era? What can we do to support the global socio-economic recovery? What will become the new business as usual

BUSINESS MAVERICK: The economic consequences of Covid-19 may long outlive the pandemic

The economic consequences of Covid-19 may long outlive... The economic consequences of Covid-19 may long outlive the pandemic By Ed Stoddard• 7 July 2020 Most analysts expect the effects of the pandemic to last for years. Historians decades from now may still be counting its costs, says the writer. (Image: Adobestock) Pandemics have effects that last for decades. Following a pandemic, the natural rate of interest declines for years thereafter, reaching its nadir about 20 years later. Save What does history suggest about the coming fallout from the Covid-19 pandemic? A new working paper by the Federal Reserve Bank of San Francisco looks at this issue through an assessment of rates of return on assets in the wake of 19 major pandemics, going back to the Black Death of the 14th century. One of its findings is that relatively low interest rates may be with us for quite some time. Or maybe not. The authors of the study , entitled "Longer-Run Economic Consequences of Pandemics, ask: "What are the medium- to long-term effects of pandemics? How do they differ from other economic disasters? The most obvious comparison, in terms of scale and disruption, is with war. "Significant macroeconomic after-effects of pandemics persist for decades, with real rates of return substantially depressed, in stark contrast to what happens after wars capital is destroyed in wars, but not in pandemics; pandemics instead may induce relative labour scarcity and/or a shift to greater precautionary savings, the authors, Jorda` O`scar, Sanjay R Singh and Alan M Taylor, note. And pandemics like the one that is currently unfolding, provide case studies into how economies react to disasters. "Pandemics, like natural disasters, offer a unique opportunity to study how economies work. They are like a randomised control trial, but at a much larger scale, with microbiology providing the natural assignment mechanism, the study says. The most devastating pandemic of the past millennium was the Black Death or bubonic plague that i

Digital Transformation Strategy for Business Leaders

Digital Transformation Strategy for Business Leaders ALL CITIES IN SOUTH AFRICA: 28 JULY 2020 Digital Transformation Strategy for Business Leaders Gordon Institute of Business Science A 5 hour online masterclass to complete at your own time and pace. On completion delegates receive a certificate of attendance and digital credential to use on your LinkedIn profile. This online version of the popular GIBS Digital Transformation Masterclass will equip senior executives and business leaders with the tools to adapt, succeed and thrive in an era of unprecedented digital disruption. You will acquire the skills to speak and make decisions about digital transformation strategies and technologies like big data AI, blockchain, IoT and more, through the lens of their application to business. This online course consists of a series of informative videos, insightful content and work exercises. MODULES TO BE COVERED INCLUDE: Data: the foundation of digital What do we mean by digital transformation? Four strategies for digital transformation Big data, the cloud, and artificial intelligence Blockchain and cryptocurrencies IoT, nanotechnology and the next frontier About the Facilitator: Mike Stopforth is the founder and director of business and leadership transformation specialist Beyond Binary. He is an entrepreneur, start-up investor, author and global speaker. He is recognised for his provoking insights into disruption-driven change, its impact on people, business and markets, and, notably, building the new leadership skills and strategies essential to navigate uncharted territory. Mike is a successful digital pioneer. Before Beyond Binary, he founded leading African social media agency Cerebra. It was acquired by global advertising giant WPP in 2013. In 2007, he co-founded Afrigator.com, an African content aggregator which was bought by Naspers. In addition to his Beyond Binary role, Mike serves as a disruption and innovation advisor on a number of corporate boards. He has been recognised as an influenc

Business Highlights

Business Highlights 5:29 pm EDT, Monday, July 6, 2020 ___ Small business aid went beyond hard-hit companies, data show WASHINGTON (AP) - The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money from a program that likely helped prevent the job market meltdown from growing worse but that also benefited some politically connected firms. The Treasury Department identified just a fraction of the total borrowers, naming only those companies that got loans of more than $150,000. Those firms made up less than 15% of the nearly 5 million small companies that received loans. Economists generally credit the program with helping prevent the job market meltdown from being much worse. -- Uber buys Postmates, ups delivery game in $2.65 billion deal SILVER SPRING, Md. (AP) - Uber has acquired Postmates in a $2.65 billion all-stock deal, expanding its footprint in the fiercely competitive delivery market. The acquisition enables the ride-hailing giant to increase its delivery offerings at a time when the global pandemic has suppressed customers' desire for rides while boosting home delivery needs. Postmates delivers a wide array of goods including groceries, pharmacy items, alcoholic drinks and party supplies. Uber recently lost out in a bid for Grubhub, which would have made it the dominant U.S. food delivery service. But Amsterdam-based Just Eat Takeaway.com nabbed Chicago-based Grubhub in a $7.3 billion deal. ___ Love your job? Show it off with Top Workplaces Markets swell around the world; Nasdaq sets another record NEW YORK (AP) - Stocks rallied worldwide on Monday as investors bet that the economy can continue its dramatic turnaround despite all the challenges ahead. The S&P 500 rose 1.6%, following up on similar gains in Europe and Asia, and clawed back to within 6.1% of its record set in February. Stocks of the biggest companies once again led the way, and strength for Apple, Amazon and other tech-oriented titans helped push th

ALEXANDER FORBES GROUP HOLDINGS LIMITED - Finalisation of special cash dividend, no change statement, availability of IAR an

Finalisation of special cash dividend, no change statement, availability of IAR and BEE report and notice of AGM Alexander Forbes Group Holdings Limited (Incorporated in the Republic of South Africa) Registration Number: 2006/025226/06 JSE Share Code: AFH and ISIN: ZAE000191516 (Alexander Forbes or the group or the company) FINALISATION ANNOUNCEMENT RELATING TO THE SPECIAL CASH DIVIDEND, NO CHANGE STATEMENT, AVAILABILTIY OF INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL MEETING AND BBBEE ANNUAL COMPLIANCE REPORT 1. Finalisation announcement relating to the special cash dividend Shareholders are referred to the SENS announcement of the group’s financial results for the year ended 31 March 2020 released on the Stock Exchange News Service (SENS) on 8 June 2020 (results announcement), which contained, inter alia, declaration of a special cash dividend and are advised that the relevant approval from the South African Reserve Bank has been received. The salient dates applicable to the special cash dividend, as set out in the results announcement on 8 June 2020 are therefore final and are confirmed as follows: - Last day to trade in order to be eligible to receive the special cash dividend: Tuesday, 21 July 2020 - Shares commence trading ex-dividend: Wednesday, 22 July 2020 - Record date: Friday, 24 July 2020 - Payment date: Monday, 27 July 2020 Share certificates may not be dematerialised or rematerialised between Wednesday, 22 July 2020 and Friday, 24 July 2020, both days inclusive. 2. No change statement and availability of the integrated annual report With regard to the audited results for the year ended 31 March 2020, shareholders are advised that the audited annual financial statements are available on the company’s website at https://www.alexanderforbes.co.za/investorrelations/financial-results/annual-results and contain no modifications to the audited results published on SENS on 8 June 2020. The company confirms that there have been no changes to the unqualified a

NEPI ROCKCASTLE PLC - NEPI Rockcastle prices a €500 million unsecured green bond - SENS

("NEPI Rockcastle or "the Company or "the Group) NEPI ROCKCASTLE PRICES A 500 MILLION UNSECURED GREEN BOND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL NEPI Rockcastle’s wholly-owned subsidiary, NE Property B.V., has closed the green corporate bond book build referred to in the announcement released earlier today. NE Property B.V. has priced a 500 million unsecured 7 year Eurobond maturing on 14 July 2027 ("the Bond), carrying a 3.375% fixed coupon, with an issue price of 98.172%. S&P and Fitch assigned the Bond a BBB rating, in line with the EMTN Programme rating and the corporate rating. The Bond has been placed with a broad range of institutional debt investors across Europe, attracting a strong demand with an oversubscribed book of over 1.1 billion. NEPI Rockcastle has developed a Green Finance Framework (the "Framework) under which the Company has committed to use proceeds from green bonds to finance and/or refinance existing and/or future projects which improve the environmental performance of the Group’s property portfolio and contribute to the Company’s climate impact mitigation objectives. The Framework (available on NEPI Rockcastle’s website) defines eligibility criteria according to two types of green assets/initiatives: certified green buildings and energy efficiency projects. The Framework has a Second Party Opinion provided by Sustainalytics. The net proceeds will be allocated to eligible green projects included in the portfolio selected in accordance with the use of proceeds criteria and selection process as defined in the Company’s Framework. Application has been made for listing the Bond with Euronext Dublin. "Fixed-income investors are more than ever committed to ESG issues, and th

Volksblad: Die einde van 'n era

Volksblad: Die einde van ’n era Deur Charles Smith 07 Julie 2020 18:25 Die einde van ’n era. En die begin van ’n nuwe. Volksblad, die oudste Afrikaanse koerant in die wêreld wat in 1925 ’n dagblad geword het, gaan binnekort net digitaal verskyn. Die einde van ’n era. Oudpres. Nelson Mandela lees hier Die Volksblad, soos die koerant eers bekend was, op die presidensiele vliegtuig. Die foto is destyds deur wyle Nols Nieman, die koerant se politieke joernalis in die oorgangstyd, geneem. Volksblad sal op 8 Augustus die laaste keer as gedrukte koerant verskyn en voortaan as digitale koerant op Netwerk24 gelees kan word. Foto: Volksblad Argief Dit volg nadat Media24 indringende stappe aangekondig het om die rampspoedige gevolge van die Covid-19-pandemie vir die gedrukte media hok te slaan soos om sommige titels te sny, ander uit te kontrakteer en minder gereeld uit te gee en dat Volksblad van 8 Augustus af nie meer gedruk gaan word nie. Die koerant sal voortaan op weeksdae op Netwerk24 verskyn. Die koerant, wat vanjaar 116 jaar oud is, het die Groot Griep, die Eerste en Tweede Wêreldoorlog, die Depressie en Ace Magashule, wat as die Vrystaatse premier alles moontlik gedoen het om die koerant te sink, oorleef, maar die uitwerking van die pandemie op die drukmedia was verwoestend. Ishmet Davidson, Media24 se uitvoerende hoof, het die planne vir herstrukturering Dinsdagoggend in Kaapstad aangekondig. Volksblad en Die Burger Oos-Kaap is die koerante wat in die nuwe bedeling net digitaal sal verskyn, met Son op Sondag en Sunday Sun wat sal sluit. Henriette Loubser, hoofredakteur van Netwerk24 en Afrikaanse Nuus, sê die taak nou is om voort te sit wat Volksblad al vir meer as ’n eeu doen: joernalistiek van die heel hoogste gehalte. "Reeds sedert 2016 werk die verslaggewers in die Vrystaat en Noord-Kaap digitaal eerste vir Netwerk24, met Volksblad wat dan elke dag ’n keur van daardie inhoud vir die koera

AFH - ALEXANDER FORBES GROUP HOLDINGS LIMITED - Finalisation of special cash dividend, no change statement, availability of

Back to AFH SENS ALEXANDER: 460 +10 (+2.22%) 07/07/2020 16:53 ALEXANDER FORBES GROUP HOLDINGS LIMITED - Finalisation of special cash dividend, no change statement, availability of IAR and BEE report and notice of AGM Release Date: 07/07/2020 16:14 Wrap Text Finalisation of special cash dividend, no change statement, availability of IAR and BEE report and notice of AGM Alexander Forbes Group Holdings Limited (Incorporated in the Republic of South Africa) Registration Number: 2006/025226/06 JSE Share Code: AFH and ISIN: ZAE000191516 (Alexander Forbes or the group or the company) FINALISATION ANNOUNCEMENT RELATING TO THE SPECIAL CASH DIVIDEND, NO CHANGE STATEMENT, AVAILABILTIY OF INTEGRATED ANNUAL REPORT, NOTICE OF ANNUAL GENERAL MEETING AND BBBEE ANNUAL COMPLIANCE REPORT 1. Finalisation announcement relating to the special cash dividend Shareholders are referred to the SENS announcement of the group’s financial results for the year ended 31 March 2020 released on the Stock Exchange News Service (SENS) on 8 June 2020 (results announcement), which contained, inter alia, declaration of a special cash dividend and are advised that the relevant approval from the South African Reserve Bank has been received. The salient dates applicable to the special cash dividend, as set out in the results announcement on 8 June 2020 are therefore final and are confirmed as follows: - Last day to trade in order to be eligible to receive the special cash dividend: Tuesday, 21 July 2020 - Shares commence trading ex-dividend: Wednesday, 22 July 2020 - Record date: Friday, 24 July 2020 - Payment date: Monday, 27 July 2020 Share certificates may not be dematerialised or rematerialised between Wednesday, 22 July 2020 and Friday, 24 July 2020, both days inclusive. 2. No change statement and availability of the integrated annual report With regard to the audited results for the year ended 31 March 2020, shareholders are advised that the audited annual financial statements are available on the company&rsquo

Magu: Nobody is above scrutiny - Presidency

July 7, 2020 Admin5 News 0 Spread the love The ongoing investigative probe of the embattled Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, is meant to give him the opportunity to respond to allegations leveled against him. There were indications on Tuesday afternoon that Magu’s suspension might have been recommended by the panel investigating him, although no official source was available to confirm this as at the time of filing this report. A reliable presidential source, who explained the reason for Magu’s investigation, also said the Justice Ayo Salami-led investigative panel became necessary because of the anti-corruption bent. The source also noted the ongoing investigation of Magu had come out to prove that no public servant, no matter how highly placed, is above scrutiny, especially when there are allegations as weighty as those leveled against the embattled anti-corruption Czar. According to the source: "The panel investigating allegations against Ag. EFCC Chairman had been sitting for some weeks now. "In consonance with the principle of fairness and justice, it was needful that the Ag. Chairman be given opportunity to respond to the allegations, which are weighty in nature. "Under the Muhammadu Buhari administration, nobody is above scrutiny. Repeat: nobody. "The investigation is to reinforce transparency and accountability, rather than to vitiate it. "Accountability for our actions or inactions is inalienable part of democracy. "In such elevated position as that of EFCC Chairman, the holder of the position must be above suspicion. "There’s no prejudgment. Absolutely none. The Buhari administration can be counted on to uphold fairness and justice at all times, the source said. Magu was on Monday grilled for several hours by a special Presidential Investigation Panel in one of the rooms inside the State House Conference Centre over allegations of various improprieties. He was reportedly detained over the night at

SAB: General Worker Vacancies

SAB: General Worker Vacancies Description Company Overview Our Dream is to bring people together for a better world. Beer, the original social network, has been bringing people together for thousands of years. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest natural ingredients. Our diverse portfolio of well over 400 beer brands includes global brands Budweiser, Corona and Stella Artois; multi-country brands Beck’s, Castle, Castle Lite, Hoegaarden, and Leffe; and local champions such as Aguila, Bud Light, Jupiler, Klinskoye, Modelo Especial, Quilmes, Skol, and Victoria. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 200,000 employees based in more than 50 countries worldwide. Key Purpose Statement To maintain, repair and optimise plant and associated devices to ensure plant availability and product quality at minimum cost without sacrificing standards. Competence Requirements N6 Mechanical Engineering or higher qualification Mechanical or Millwright (Trade test) Knowledge or experience of working in a production environment particularly in FMCG Output and Accountabilities OPERATIONAL SUPPORT Provide specialist support to the shift based teams during operations. This will include standby and day shift support. Where requested, assist as a functional expert in problem solving. This must be undertaken in support of the process artisan. Where requested, provide guidance and advice to the shift based teams on machine operation, machine fault finding and correct

Covid-19 News in South Africa

#LockdownLessons: Covid-19 presents a golden opportunity for change The weeks wear on under lockdown and Covid-19 cases are ramping up in South Africa. As we cling to semblances of life before the pandemic, I'm convinced that if we're going to come out victorious, it's going to be hope for the future that sees us through this especially difficult time in global history... Covid-19 database includes a greater focus on public's right to privacy Although the law permits the National Department of Health (DoH) to develop and maintain a national database to assist in combatting the spread of Covid-19, which includes contact tracing and geospatial hotspot mapping, there have been some new amendments to the laws... A small business owner shares his journey and flexibility during the 2020 economic battle in business... Issued by SAICA 3 Jul 2020 The Fair Cape Cares Foundation has undertaken two large-scale initiatives to assist with feeding Cape Town's hungry during the extended Covid-19 lockdown... 3 Jul 2020 Only Grades 6, Grade 11 and Grade R will now be returning to school on 6 July 2020, the Department of Basic Education (DBE) said on Thursday... 3 Jul 2020 Engineering projects face a growing range of audits, assessment and monitoring, but will Covid-19 restrictions on movement make it difficult for consultants to carry out this vital work? 3 Jul 2020 It is fair to say that although the South African mining industry represents 8% of our GDP and employs approximately 450,000 people, by 2019 figures, it is SA's sweetheart industry... 3 Jul 2020 Rwanda's Covid-19 pool testing: a savvy option where there's low viral prevalence Many countries in East Africa have turned to contact tracing and carrying out Covid-19 tests on thousands of individuals as a way of monitoring and trying to limit transmissions of the new coronavirus. In Rwanda, they have been investigating how they can scale up testing significantly... Distell has launched Click2Collect.co.za to help South Africans order alcoholic drinks

Shortage of bottled gas in SA pushes prices up

A shortage of bottled gas has resulted in long queues for consumers who rely on it for cooking and heating - and there is no immediate end in sight. Those who are lucky enough to find it are now paying more. Andre Valkenburg, CEO of Gas & Equipment, says the problem started at the beginning of lockdown when refineries closed down and stopped producing liquid petroleum gas (LPG) for the South African market. LPG is produced in the refining process of crude oil, whereas piped or natural gas is sourced from the earth’s surface - usually near oil deposits. Valkenburg says his company is about 20 tons behind in deliveries and now, like every other gas supplier, is reliant on imports that "comes in dribs and drabs". Even if he does get a larger delivery, his delivery vehicles can only handle a certain amount. Valkenburg says the unusually cold winter has also driven up the demand for LPG. The price of gas has also increased. In a statement issued by the department of minerals and energy on July 1, the price increased from 2129c/kg to 2577c/kg in Gauteng and from 1904c/kg to 2352c/kg in coastal regions. This is because the base price used to be linked to the fuel price but has since been adjusted because imported gas costs more. This is according to Nirvan Brijlal, acting managing director of the Liquified Petroleum Gas Safety Association of Southern Africa (LPGSASA). Now, because of the country's reliance on imports, the gas price is calculated according to the Saudi contract price, which is also the international index price, he said. The weaker rand has also contributed to the increased cost of LPG for South African consumers. The limited supply is due to a delay in the opening of an additional LPG facility in Richards Bay. The facility, says Valkenburg, was meant to open in May, but Covid-19 has pushed this out to around September. When asked for comment about the delayed opening, Bidvest, which owns the facility, referred TimesLIVE to a Stock Exchange News Service (Sens) st

NRP - NEPI ROCKCASTLE PLC - NEPI Rockcastle prices a 500 million unsecured green bond - 07/07/2020

NEPIROCK: 9,379 +58 (+0.62%) 07/07/2020 17:33 NEPI ROCKCASTLE PLC - NEPI Rockcastle prices a 500 million unsecured green bond Release Date: 07/07/2020 17:30 Wrap Text NEPI Rockcastle prices a 500 million unsecured green bond NEPI Rockcastle plc Incorporated and registered in the Isle of Man Registered number 014178V Share code: NRP ISIN: IM00BDD7WV31 ("NEPI Rockcastle or "the Company or "the Group) NEPI ROCKCASTLE PRICES A 500 MILLION UNSECURED GREEN BOND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL NEPI Rockcastle’s wholly-owned subsidiary, NE Property B.V., has closed the green corporate bond book build referred to in the announcement released earlier today. NE Property B.V. has priced a 500 million unsecured 7 year Eurobond maturing on 14 July 2027 ("the Bond), carrying a 3.375% fixed coupon, with an issue price of 98.172%. S&P and Fitch assigned the Bond a BBB rating, in line with the EMTN Programme rating and the corporate rating. The Bond has been placed with a broad range of institutional debt investors across Europe, attracting a strong demand with an oversubscribed book of over 1.1 billion. NEPI Rockcastle has developed a Green Finance Framework (the "Framework) under which the Company has committed to use proceeds from green bonds to finance and/or refinance existing and/or future projects which improve the environmental performance of the Group’s property portfolio and contribute to the Company’s climate impact mitigation objectives. The Framework (available on NEPI Rockcastle’s website) defines eligibility criteria according to two types of green assets/initiatives: certified green buildings and energy efficiency projects. The Framework has a Second Party Opinion provided by Sustainalytics. The ne

Anglo American: General Workers Opportunities

Anglo American: General Workers Opportunities at Anglo American ( view profile ) Location Business Unit / Group Function: Platinum Discipline: Mining Experience / Work Type: Entry Level / Permanent Employee Closing Date: 11 July, 2020 Overview Company Description: Anglo American has a portfolio of world-class mining operations. We mine, process, move and market the essential ingredient that enable a clear, more connected world and that meet fast growing consumer-driven demands for products from smartphones to electric cars. Our basic materials build homes, offices, railways and airports, and our diamonds fulfill people's dreams. Our Platinum business mines, processes and refines the entire range of platinum group metals (PGMs): platinum, palladium, rhodium, ruthenium, iridium and osmium. People. Process. Performance. You'll keep sight of it all.. Here's an exciting opportunity to join us. The role is responsible for direct development, stoping, shaft sinking and general mining operations. • Daily marking, drilling, charging and blasting of decline faces and bords. • Evaluating daily operations to ensure safety performance. • Optimizing production through the utilization of resources, motivation and development of personnel. • Daily monitoring and reporting of underground operations including safety of personnel and equipment Qualifications: • A recognized degree or diploma in Mining Engineering. • A full blasting license and NEC certificate. • At least 2 years hard rock mining experience in trackless mining. • Must be able to work under pressure with minimum supervision. Additional information: What we offer When you join Anglo American, you can expect to enjoy a competitive salary and benefits package. But more than this, you'll find yourself in an environment where the opportunities for learning and growth are second to none. From technical training to leadership programmes, we bring out the best in our people. There are plenty of opportunities to move onwards and upwards

TON - TONGAAT HULETT LIMITED - Appointment of the independent third party - 07/07/2020

TONGAAT: 578 +3 (+0.52%) 07/07/2020 17:32 TONGAAT HULETT LIMITED - Appointment of the independent third party Release Date: 07/07/2020 17:30 Wrap Text Appointment of the independent third party Tongaat Hulett Limited (Incorporated in the Republic of South Africa) Registration number 1892/000610/06 JSE Share Code: TON ISIN: ZAE000096541 ("Tongaat" or the "Company") Appointment of the independent third party Shareholders ("THL Shareholders) are referred to: - the firm intention announcement released by Tongaat on 28 February 2020 wherein the Company advised THL Shareholders that it had entered into an agreement to dispose of its starch business as a going concern to KLL Group Proprietary Limited, a wholly owned subsidiary of Barloworld Limited ("KLL Group) ("Disposal); and - subsequent announcements, the last of which was dated 6 July 2020, regarding, inter alia, the notification from KLL Group advising the Company that KLL had formed a view that a material adverse change ("MAC) had occurred. The Company remains firmly of the view that a MAC has not occurred. THL Shareholders are advised that Tongaat and KLL Group have now referred the dispute as to whether a MAC has occurred for determination by Rothschild and Co South Africa ("Independent Third Party). It is anticipated that the Independent Third Party will deliver its determination on or about 21 September 2020. Absent manifest error or fraud, the determination of the Independent Third Party will be final and binding. The Company remains fully committed to the fulfilment of the suspensive conditions and the implementation of the Disposal. Having regard to the MAC dispute referred to in this announcement, THL Shareholders are advised to continue to exercise caution when dealing in the Company's securities. The board of directors of the Company, individually and collectively, accepts full responsibility for the accuracy of the information contained in this announcement. In addition, the board of directors of the Company certifies that to th

Fayose Taunts Magu, Says What Goes Around, Comes Around

Twitter Dr Ayodele Fayose Dr Ayodele Fayose, immediate past governor of Ekiti State mockingly called for the suspended acting chair of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, to be placed on watch-list. Mr Fayose made the call on Tuesday via Twitter drawing attention to September 2018 when the EFCC directed that he (Fayose) should be placed on watch-list while still in office. "Just as Magu directed that I be placed on ‘Watch-list’ even when I had immunity as a sitting gov, Magu too must be placed on watch-list so that he won’t run away, Fayose wrote. "EFCC, DSS, Customs, Police, Immigration, Army, Navy, Air Force, others, over to you. What goes around comes around. Magu is being accused of living above his means, fraternising with corrupt persons, diversion of recovered funds, insubordination and many others. The suspended EFCC boss is facing probe by a presidential panel which has a former president of the Court of Appeal, Justice Ayo Salami, as head.

Twickenham Platinum Mine lays off more than 50 workers - Breaking news, special reports, world, business, sport coverage of

Twickenham Platinum Mine lays off more than 50 workers 7 July 2020, 4:54 PM | Jabulani Baloi | @SABCNews Image: Reuters The Twickenham Platinum Mine has been under care and maintenance since 2016. More than 50 people have been laid off as Anglo Platinum’s Twickenham mine closes some operations at its Mopetsi camp, outside Burgersfort, in Limpopo. Several local businesses also had their contracts terminated. The Twickenham Platinum Mine has been under care and maintenance since 2016. In 2017, another mine, jointly owned by Anglo-Platinum and Atlatsa Resources, was put under care and maintenance. The camp had been turned into an isolation place for people affected by COVID-19 , but was closed due to community unrest. The mining communities in the platinum belt of Sekhukhune area in Limpopo continue to feel the strain of unemployment. Thousands of people have become jobless. At Twickenham’s Mopetsi camp, the contracts of local businesses were terminated as the mine ceases some operations as it is under care and maintenance. Leader of the small businesses, known as Sekhukhune G9 companies, Calvin Mashabela has expressed his disappointment on the closure of the Mopetsi camp. "We feel very much disappointed. Twickenham doesn’t regard us as their partners. Our families are severely affected because now there’s no source of income. We’ve got accounts that we are supposed to pay every month. We can’t. We’ve got kids to look after. There’s this pandemic and your life just dramatically changed. Mashabela believes there is something untoward as he alleges that they have been working for two years without contracts. "The very same developer failed to give us a contract, which is actually the basic. You can’t work for somebody without knowing because, in the contract, the job description is mentioned. Since 2016 until 2020, we’ve been looking for a contract, which does not come up. We got chased away just

Dít is hoekom boere sukkel met herbesettingspersentasies by eerste kalfverse

Dít is hoekom boere sukkel met herbesettingspersentasies by eerste kalfverse 07 Julie 2020 twitter email Mnr. Johan Mouton, tegniese navorsingsbestuurder by RCL Foods, hoekom boere sukkel met herbesettingspersentasies by eerste kalfverse. Die insetsel word met trots geborg deur Molatek. facebook email Ons wil graag hê jy moet langer kuier. Teken in en kry onbeperkte toegang tot 11 Afrikaanse tydskrifte en 35 koerante. Alles op een plek. Verbeterde formule laat kalwers gedy Ons kommentaarbeleid LANDBOUWEEKBLAD EN NETWERK24 ondersteun ‘n intelligente, oop gesprek en waardeer sinvolle bydraes deur ons lesers. Lewer hier kommentaar wat relevant is tot die onderwerp van die artikel. Jou mening is vir ons belangrik en kan verdere menings of ondersoeke stimuleer. Geldige kritiek en meningsverskille is aanvaarbaar, maar hierdie is nie ‘n platform vir haatspraak of persoonlike aanvalle nie. Kommentaar wat irrelevant, onnodig aggressief of beledigend is, sal verwyder word. Lees ons volledige kommentaarbeleid hier MELD AAN of REGISTREER om kommentaar te lewer. Dit neem net twee minute! NUUSBRIEF

GSK joins Philip Morris-backed Medicago on plant -based Covid -19 vaccine

London - GlaxoSmithKline (GSK) is collaborating on an experimental Covid-19 vaccine with Medicago, a biotechnology company partly owned by tobacco giant Philip Morris International. The partnership will combine Medicago’s plant-based production platform with GSK’s adjuvants - substances that enhance the body’s immune response - the companies said on Tuesday. Human testing is due to start in mid-July, and the companies aim to make the vaccine available in the first half of 2021, if it’s successful. The UK drugmaker is contributing its adjuvant technology to multiple partnerships rather than developing its own vaccine candidate. The University of Oxford, working with AstraZeneca, as well as Moderna and CanSino Biologics are among institutions and companies with programmes already in human testing as governments look for a way to end the coronavirus pandemic. Medicago uses a virus-like particle grown in a close relative of the tobacco plant. Plant-based vaccines mimic viruses and allow the body’s immune system to recognise them and create an immune response, without being able to infect or replicate. Cigarette maker British American Tobacco has been working on a plant-based vaccine via a biotech subsidiary, Kentucky BioProcessing. Adding GSK’s system to Medicago’s technology could allow the companies to manufacture about 100-million doses by the end of 2021, the companies said. By the end of 2023, a large facility under construction in Quebec City, Canada, could deliver as many as 1-billion doses annually. GSK is betting the agreement could pay off in other ways, too. "This plant-based technology also shows promise beyond Covid-19 and has the potential to help prevent other infectious diseases, Thomas Breuer, the chief medical officer of GSK’s vaccines unit, said in the statement. GSK has said its adjuvants could decrease the amount of vaccine each person needs for immunisation, thereby extending supplies. One of

Africa's top publisher to close S.African publications, cut jobs

Africa's top publisher to close S.African publications, cut jobs (Adds details) JOHANNESBURG, July 7 (Reuters) - South African media and e-commerce group Naspers plans to lay off more than 500 employees and close a number of newspapers and magazines, including leading weekly tabloid the Sunday Sun, its print division Media24 said on Tuesday. "For many of our print titles the benefits of prior interventions to offset the structural declines and keep them on the shelf no longer exist and they’ve run out of options in this regard," Media24 CEO Ishmet Davidson said in a statement. Media24 is Africa's largest publisher, printer, and distributor of magazines and books, and is also the continent's largest newspaper publisher with around 3,000 employees across eight divisions. The company said it would shut down one other national paper, four community newspapers, and four national magazines while outsourcing the majority of its monthlies and halving the frequency. Its 70 year-old Drum Magazine, one of Africa's first Black lifestyle publications, will move online. The layoffs and closures come in the wake of planned job cuts at public broadcaster the South African Broadcasting Corporation (SABC), and similar moves at other members of the country's "big four" print publishers - Arena Holdings, Caxton and Independent News. Since the pandemic hit in mid-March followed by a national lockdown, print publications have taken a hit of between 40% and 100% to advertising and sales revenue, forcing many to migrate online where they earn a fraction of their former ad sales. The South African National Editors Forum said in June around 50,000 people employed in the printing sector could be affected by newspaper closures. National unemployment is at a record 30.1%. "The writing's been on the wall for the global print media industry for years," said Dinesh Balliah, media studies lecturer at Wits University, adding that more closures locally would follow with newspapers struggling to monetise online con

Question to the Minister of Small Business Development - NW1156

06 July 2020 - NW1156 Wessels, Mr W to ask the Minister of Small Business Development (1)With reference to her reply to question 916 on 5 June 2020, what (a) is the name of each company from which the specified goods and/or services were purchased, (b) is the amount of each transaction and (c) was the service and/or product that each company rendered; (2) whether she will make a statement on the matter? NW1456E 1. (a) (c) The following goods were procured: 75 Laptops and 75 Laptop bags from Massmart Stores for a total of R682 350.00. 75 Data cards and 75 Wi-Fi routers through the RT 15/2016 (Vodacom) for R43 038.75. 1000 Masks from Hlathi Developments and Enterprises (Pty) Ltd for R35 750.00 2. No

Massmart looks to cut up to 1,800 jobs at its Game stores

Contact Today's Labour News This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources. Massmart looks to cut up to 1,800 jobs at its Game stores Details Tuesday, 07 July 2020 18:47 BusinessLive reports that Walmart-owned retailer Massmart says up to 1,800 jobs may be cut at its Game stores in SA as it begins formal consultations with organised labour. In January, the group announced it might cut 1,440 employees across 34 DionWired and Masscash stores, as it battled a recessionary economy that resulted in consumers cutting back on non-essential items. At the end of December, Massmart had about 51,000 full-time employees, at 443 stores. Those included just under 12,000 employees in its Massdiscounters division, which had 173 Game and Dion Wired stores. Massmart announced a turnaround plan in January, and said in June that the effects of Covid-19 had accelerated the plan. The restructuring will reorganise its four divisions into two. Massmart Retail will comprise the Builders, Game, DionWired and Cambridge Food trading brands. Massmart Wholesale will take in Makro, Shield and the group’s wholesale cash brands. Read the full original of the report in the above regard by Karl Gernetzky at BusinessLive Get other news reports at the SA Labour News home page

Nonkululeko Dlamini quits the board of Kumba Iron Ore

Nonkululeko Dlamini quits the board of Kumba Iron Ore By Somaya Stockenstroom 7th Jul 2020 New chief financial officer (CFO) of Transnet, Nonkululeko Dlamini, has quit as a non-executive director of Africa’s largest iron-ore producer, Kumba Iron Ore. Kumba said in a statement that Dlamini was appointed to the board as a shareholder representative of the Industrial Development Corporation (IDC) on 1 November 2016. Kumba’s chairperson, Mandla Gantsho, said: "I sincerely thank Nonkululeko for her invaluable contribution to the Board, she will be missed. On behalf of Kumba, I wish Nonkululeko the very best going forward. Dlamini has been the CFO of the IDC since September 2015 until her appointment as Transnet’s CFO earlier this month. Prior to joining the IDC, she was with Eskom where she spent 14 years in various executive positions. She has also had a stint as acting CFO of Eskom. Dlamini last year bagged the public sector CFO of the year.

All jobs

...ter Machine Assistant (Labels) Midrand Assistance on a Gravure Label printing machine. Only CVs with relevant experience from the label printing industry will be considered for the role. 3 Jul 2020 A leading bank is looking for a senior quantitative analyst to join their dynamic team. 3 Jul 2020 Key Account Manager - Clicks Gauteng Responsibilities: &•Develop allocated customers and Key Account strategies for promotions, pricing, commercial terms in line with the Sales &... 3 Jul 2020 Marketing Manager Polokwane Our Nomad Now client, a holding company of a diverse group of agricultural companies, is looking for a marketing manager. 3 Jul 2020 Human Resource Generalist Durban Our Nomad Now client, an expert quality and compliance service provider and agent insight service provider, is looking for a human resource generalist. 3 Jul 2020 Quality/Compliance Assessor Durban Our Nomad Now client, an expert quality and compliance service provider and agent insight service provider, is looking for a quality and compliance assessor. 3 Jul 2020 Senior Java Developer Johannesburg Our Nomad Now client, a specialist software development company that designs and implements complex IT solutions, is looking for a senior Java developer with a minimum... 3 Jul 2020 Kubernetes Developer Remote Work Our Nomad Now client, a niche consultancy focusing exclusively on Kubernetes and the Cloud Native ecosystem, is looking for a Kubernetes developer. 3 Jul 2020 More South Africa is looking for an excellent senior designer for a contract remote role. More South Africa Junior to Mid-Weight ATL Copywriter Cape Town Preference will be given to candidates from a previously disadvantaged background. We have a super job opportunity for a talented, Junior to Mid-weight Above-the-Line... 3 Jul 2020 Financial Accountant - CA Ballito R36000 Monthly A progressive multinational company seeks dynamic Financial Accountant CA (SA) with two to five years of post articles experience who can evolve with th

SNT - SANTAM LIMITED - Business interruption claims update following the Annual General Meeting - 07/07/2020

SANTAM: 27,330 +380 (+1.41%) 07/07/2020 16:52 SANTAM LIMITED - Business interruption claims update following the Annual General Meeting Release Date: 07/07/2020 16:28 Wrap Text Business interruption claims update following the Annual General Meeting SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 JSE Share Code: SNT & ISIN: ZAE000093779 NSX share code: SNM (‘Santam’ or the ‘Company’) BUSINESS INTERRUPTION CLAIMS UPDATE FOLLOWING THE ANNUAL GENERAL MEETING In a matter pertaining to its Contingent Business Interruption insurance cover, Santam, through its Hospitality and Leisure insurance division, will today be delivering an opposing affidavit in an application brought against Santam in the Western Cape High Court by an insured hotel group. Santam understands the financial distress on the businesses and individuals impacted by the National Lockdown to combat COVID-19, and has contributed significant funds towards financial relief during this crisis. Notwithstanding this, Santam can only commit to paying claims in line with its policy provisions. We do also recognise the public interest in this matter and are therefore seeking legal certainty by having this matter speedily determined by the courts of South Africa. Santam is aware of a High Court judgment in relation to a claim against another insurer, which was handed down in favour of the claimant very recently. We are currently studying the judgement closely. We remain confident of our interpretation of causation as it applies to COVID-19 related business interruption losses, and have made appropriate provisions for such claims. Our balance sheet is sufficiently robust to accommodate either interpretation of cover. 7 July 2020 Cape Town Sponsor: Investec Bank Limited Date: 07-07-2020 04:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not,

Cigarette ban: How a 'worst-case scenario' could cost pensioners R30bn

in News Photo: Pixabay When Jacques Pauw speaks, it’s certainly worth listening. The veteran investigative reporter - and acclaimed author - is no stranger to rocking the boat, and once again on Tuesday, he’s given us some interesting food for thought when it comes to the current cigarette ban. How illegal sales have hit the tobacco market The controversial policy has been a mainstay of lockdown, forcing smokers underground to get their tobacco fix. During a Think Big webinar with PSG , Pauw explained how an illicit market for cigarettes was formed more than 20 years ago, and weighed up the devastating effect the prohibition has had on the economy: Government increased the tax on cigarettes from 20% of the sale price to 50% in 1997, which boosted the underground world of illegal cigarettes and created the black market we see today. Contraband products now account for 35-40% of the tobacco industry in 2020, due to the ease of smuggling. It’s estimated that it costs just R2 to manufacture a pack of smokes - despite an average pack selling for R36. The government may have, by now, lost up to R4.5 billion in revenue as a result of the tobacco ban. Over 90% of smokers still have access to cigarettes, as the illicit market moves to ‘leafier suburbs’. Why the cigarette ban may put pensions at risk However, Pauw turned his attention to the ongoing court case between British American Tobacco and the government . He predicts that a protracted legal battle will put a strain on the way the company works with the state. Should the cigarette ban be extended for a longer period of time, it could put BAT under severe financial strain. Considering that the government holds 43 million shares in the tobacco giant, any policy that could drive the group to ruin has the potential to wipe R30 billion from the state pension pot. This is, by no means, the likeliest route the cigarette ban could go down - but it remains an outside possibility: "Quite simply, the gov

Edgars owner to sell stake in clothing chain to rival retailer

JOHANNESBURG Edcon Holdings Ltd. agreed to sell part of South African clothing chain Edgars to a private equity backed regional rival potentially safeguarding a 91 year old brand and saving thousands of jobs. Administrators led by Lance Schapiro and Piers Marsden struck a deal with Retailability Pty Ltd. a holding company for brands Legit Beaver Canoe and Style which owns 460 stores across southern Africa. Details of the transaction will be finalized based on further agreements the business rescue team said in a statement on Tuesday. This is a good outcome for Edgars if the deal goes through because they might be able to save more jobs than expected said Lulama Qongqo an analyst at Mergence Investment Managers in Cape Town. Depending on the purchase price lenders and real estate investment trusts may be able to recoup some of the funds owed to them. Edcon was put into a local form of bankruptcy protection in late April after a five week strict lockdown to contain the coronavirus in South Africa wiped out sales and curtailed a recovery from a 2019 restructuring. Edgars was put up for sale alongside sister chains Jet which specializes in low cost clothing and Thank U a finance and loyalty card unit. Rescue plans for the other parts of Edcon are at an advanced stage the administrators said. The company as a whole employs almost 18 000 permanent workers and hires about 5 000 more on a seasonal basis. I can t see it continuing in its current form and the new owners may well have to rationalize the business said Rella Suskin head of research at Benguela Global Fund Managers in Johannesburg. With South African consumers lacking much disposable income other local retailers may have been better off without Edgars in the picture. Still the saving of jobs is a positive outcome. A sale of Edgars and the preservation of at least some jobs comes as South Africa s retail sector and the wider economy reels from the Covid 19 pandemic and various forms of lockdown. Walmart Inc. owned Massmart Holdings Ltd.

SANTAM LIMITED - Business interruption claims update following the Annual General Meeting - SENS

Business interruption claims update following the Annual General Meeting SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 JSE Share Code: SNT & ISIN: ZAE000093779 NSX share code: SNM BUSINESS INTERRUPTION CLAIMS UPDATE FOLLOWING THE ANNUAL GENERAL MEETING In a matter pertaining to its Contingent Business Interruption insurance cover, Santam, through its Hospitality and Leisure insurance division, will today be delivering an opposing affidavit in an application brought against Santam in the Western Cape High Court by an insured hotel group. Santam understands the financial distress on the businesses and individuals impacted by the National Lockdown to combat COVID-19, and has contributed significant funds towards financial relief during this crisis. Notwithstanding this, Santam can only commit to paying claims in line with its policy provisions. We do also recognise the public interest in this matter and are therefore seeking legal certainty by having this matter speedily determined by the courts of South Africa. Santam is aware of a High Court judgment in relation to a claim against another insurer, which was handed down in favour of the claimant very recently. We are currently studying the judgement closely. We remain confident of our interpretation of causation as it applies to COVID-19 related business interruption losses, and have made appropriate provisions for such claims. Our balance sheet is sufficiently robust to accommodate either interpretation of cover. 7 July 2020 Sponsor: Investec Bank Limited Date: 07-07-2020 04:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in

Dis-Chem fined R1.2 -million for price gouging face masks

Dis-Chem fined R1.2-million for price gouging face masks Published by Kirsten Jacobs on July 7, 2020 The Competition Tribunal has found Dis-Chem guilty of price gouging amid the COVID-19 pandemic, and fined the pharmacy chain R1.2-million. In April, Dis-Chem was referred to court by the Competition Commission over public complaints of excessive price gouging on their face mask products. According to Fin24 , Dis-Chem argued that the price hikes were necessary due to disruptions in supply and price increases from suppliers. The Tribunal has now ruled that the company contravened the Competition Act. "In its order and reasons, the Tribunal has found that Dis-Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020, the Tribunal wrote in a statement . While a list of the Tribunal's reasons will be released to the public soon, they briefly mentioned key excerpts. "We find that in the context of a global health crisis, with excess demand of surgical masks, considered to be essential in the fight against COVID-19, Dis-Chem has demonstrated that it enjoyed and exerted market power by materially increasing its prices, without a significant increase in costs, and significant increase in margins. But for the economic conditions brought about by the outbreak of COVID-19, it would not have been able to implement such material price increases in surgical masks wrote the Tribunal. The Tribunal has found that Dis-Chem failed to show that its price increases were reasonable, and concluded that they engaged in excessive pricing to the detriment of consumers. "The exploitative conduct of Dis-Chem of excessive pricing was particularly reprehensible. It exploited customers desperate to lay their hands on an essential item in the fight against a pandemic of global proportions, with potential consequences for consumers and public health Not withstanding

Udle ushevu namadodana akhe amabili

Udle ushevu namadodana akhe amabili OWESILISA namadodana akhe amabili baficwe abezimo eziphuthumayo ekhaya kuthiwa badle ushevu baphuthunyiswa esibhedlela kukubi Isithombe: SITHUNYELWE SIMPHIWE NGUBANE | July 7, 2020 UPHUTHUNYISWE esibhedlela kukubi owesilisa namadodana akhe amabili okusolakala ukuthi badle ushevu KwaCele, eNgonyameni, izolo ekuseni. Okhulumela abezimo eziphuthumayo kwa-ER24, uMnuz Russel Meiring, uthe bafike kulo muzi nozakwabo bakwaLife Healthcare ngo-11.20 sekukhona amaphoyisa. UMeiring uthe indoda namadodana ayo amabili eyodwa eneminyaka eyisishiyagalombili neneminyaka emine bebelele benganyakazi phakathi endlini. "Abezomthetho bavule umuzi bangena phakathi, okwenze abezimo eziphuthumayo bathatha iziguli bazikhiphela ngaphandle bazifaka kuma-ambulensi abelinde egcekeni, kusho uMeiring. Uthe ngesikhathi sebengaphandle, baxilonge iziguli kwatholakala ukuthi isimo sibucayi. Kuthiwa abezimo eziphuthumayo basebenze kanzima bebahlenga bagcina sebexhunywa imishini yokuphefumula base bephuthunyiswa esibhedlela iNkosi Albert Luthuli ngendiza enophephela emhlane UMeiring uthe ayaziwa imbangela yesigameko kodwa abezomthetho bebekhona endaweni yesigameko beqhuba upheyo lwabo. Omakhelwane abebebukeka bekhungathekile bebemi egcekeni ngenkathi abezimo eziphuthumayo behlenga impilo yabadle ushevu. Share this article:

How the Austrians Teach Economics

Austrian Economics How the Austrians Teach Economics With the venerable Dr. Thomas Sowell turning ninety this week, a question arises in the fintwit (financial Twitter) world: Who is the greatest living economist? This question is more difficult than it appears. First, determining the "greatest individual in any human field is always a highly subjective endeavor, whether we're talking about economists or basketball players. Do we mean the most brilliant economist, in terms of sheer mental horsepower, or the most influential? The most prolific? Most "correct? Most respected? Most listened to, either by policymakers or the public? The economist with the most significant impact today? The most famous? Someone who is most popular among their academic peers, or best known to lay audiences? A wonkish technician, or a pop editorialist like Paul Krugman? Someone with a strong political orientation, like Thomas Piketty, or an ideologically inscrutable professor type? And should lay audiences have a vote, or only professional and academic economists equipped to judge the technical prowess and substance of a peer? Again, this question is highly subjective and unlikely to produce a broad consensus answer. But let me offer three seemingly obvious criteria for greatness: (i) the individual has made significant original contributions to the existing economics literature, and not only in a very narrow area or subdiscipline; (ii) the individual has produced a significant treatise (not just a book or articles) synthesizing and expanding the existing body of knowledge in at least one important area of economics (e.g., money and banking); and (iii) the individual will continue to be widely read and cited after their death. With all this in mind, I asked several economists to nominate the greatest living economist. Admittedly everyone I canvassed is Austrian or free market in their orientation, but all were asked to consider the profession as a whole in their answers. And I insisted they limit themselves to on

Massmart says 1,800 jobs may be cut at its Game stores in SA

Massmart says 1,800 jobs may be cut at its Game stores in SA 1,800 jobs may be cut at Game stores. By Massmart , which owns giant retailer Game amongst others says up to 1 800 jobs at Game stores in South Africa are on the line as the company started a consultation process under Section 189 of the Labour Relations Act. In a short update to shareholders on Tuesday, Massmart said it has recently completed an assessment of opportunities to improve our South African Game store efficiencies. Per statement: Consequent to this project, Massmart advises shareholders that the group has commenced, with respect to its Game stores in South Africa, a consultation process in terms of section 189 and section 189A of the Labour Relations Act 66 of 1995, as amended ("the LRA); with organised labour and other relevant stakeholders. This process may potentially affect 1 800 employees in our Game stores in South Africa. Shareholders will be advised of the outcome of the consultation process. Massmart is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse, and CBW. It is the second-largest distributor of consumer goods in Africa, the largest retailer of general merchandise, liquor and home improvement equipment, and wholesaler of basic foods. Share your thoughts, and Join the conversation on Twitter or Facebook :

TONGAAT HULETT LIMITED - Appointment of the independent third party - SENS

Appointment of the independent third party Shareholders ("THL Shareholders) are referred to: - the firm intention announcement released by Tongaat on 28 February 2020 wherein the Company advised THL Shareholders that it had entered into an agreement to dispose of its starch business as a going concern to KLL Group Proprietary Limited, a wholly owned subsidiary of Barloworld Limited ("KLL Group) ("Disposal); and - subsequent announcements, the last of which was dated 6 July 2020, regarding, inter alia, the notification from KLL Group advising the Company that KLL had formed a view that a material adverse change ("MAC) had occurred. The Company remains firmly of the view that a MAC has not occurred. THL Shareholders are advised that Tongaat and KLL Group have now referred the dispute as to whether a MAC has occurred for determination by Rothschild and Co South Africa ("Independent Third Party). It is anticipated that the Independent Third Party will deliver its determination on or about 21 September 2020. Absent manifest error or fraud, the determination of the Independent Third Party will be final and binding. The Company remains fully committed to the fulfilment of the suspensive conditions and the implementation of the Disposal. Having regard to the MAC dispute referred to in this announcement, THL Shareholders are advised to continue to exercise caution when dealing in the Company’s securities. The board of directors of the Company, individually and collectively, accepts full responsibility for the accuracy of the information contained in this announcement. In addition, the board of directors of the Company certifies that to the best of its knowledge and belief, the information contained in this announcement solely pertaining to the Company is true and, where appropriate, does not omit anything that is likely to affect the importance of the information contained herein, and that all reasonable enquiries to ascertain such information has been made. Tongaat Financial Adviser and

Afternoon roundup of labour news on Tuesday, 7 July 2020

...d in lockdown, at SowetanLive More pupils resume classes despite readiness warnings, at SowetanLive PROTEST ACTION Trucks block Joburg’s M1 highway in Benrose on Tuesday morning despite court ban on protest against foreign drivers TimesLIVE writes that Johannesburg Metro Police (JMPD) cleared the M2 highway in Benrose on Tuesday as signs emerged of a planned "shutdown" protest against the employment of foreigners in the trucking industry. JMPD spokesperson Wayne Minnaar reported on Tuesday morning: "Two trucks were obstructing traffic about an hour ago, but officers managed to clear the road. Traffic is flowing now. The trucking industry has been marred by violence and vandalism with organisations, said to be representing the interests of South African truck drivers, demanding action by government against the employment of foreigners. The National Bargaining Council for the Road Freight and Logistics Industry advised in a statement that an interdict had been granted by the South Gauteng High Court against planned protests or a "national shutdown" on Tuesday against the employment of foreigners. SA Trucker, which encourages safe driving, tweeted on Tuesday: "One truck was petrol bombed in Wadeville, GP, last night while two trucks [reportedly] burnt at Vosloorus, and another was stoned. All this happened before midnight." Read the original of the report in the above regard by Nomahlubi Jordaan at TimesLIVE MINING LABOUR High Court requires participation of community groups and labour in Minerals Council’s legal challenge to 2018 Mining Charter BusinessLive reports that the mining industry’s legal challenge against certain clauses in the Mining Charter took a new turn after a ruling demanded the participation of community organisations, unions and other social parties in court proceedings. In a ruling by the Pretoria High Court on 30 June, the order was made that the opposition by the Minerals Council SA (MCSA), previously called the Chamber of Mines, to part

Franki shines at landmark Longkloof Precinct project

Franki shines at landmark Longkloof Precinct project Details 07 July 2020 Franki Africa recently called on its experience to prevail over an array of challenges to deliver a two-level basement with depth of up to 10 m at Growthpoint Properties’ famed Longkloof Precinct project in Cape Town, on time and within budget. Specialist geotechnical contractor Franki Africa was recently contracted to deliver a two-level basement for the construction of the Canopy by Hilton Cape Town Longkloof hotel developed by Growthpoint Properties, South Africa’s largest real estate investment trust. The 150 guestroom building will be the Canopy by Hilton brand’s first property in Africa. The Canopy by Hilton Cape Town Longkloof is expected to become a South African landmark, which will welcome guests from all over the country and the world. Located right close to Cape Town’s historical epicentre, the Gardens Suburb, the project - which forms part of Growthpoint’s precinct redevelopment - gives new shine to the 112-year-old heritage site, Longkloof Studios. Scope of project Franki Africa’s scope of project, explains Contracts Engineer Daryn Cloete, entailed the construction of a two-level basement with depth up to 10 m, as well as relocating services - most notably a 250 mm diameter sewer pipe and 1 050 mm diameter stormwater pipe, among others. "There was also a façade of a 100-year old heritage building close by that needed to be protected with a steel structure that was supported on piles, says Cloete, adding that there were also items to be salvaged before demolition of the back half of the heritage building could take place. In a nutshell, the project included rock breaking, façade protection, demolishing of the building, salvage of items, the relocation of services and the construction of the lateral support works. The basement comprised 2 130 m² of lateral support, had 23 corners within it and was surrounded by some

Anderson beplan nog aanloop tot Franse Ope

Anderson beplan nog aanloop tot Franse Ope Suid-Afrika se Kevin Anderson besin nog in watter tennistoernooie om te speel ná die Amerikaanse Ope en in aanloop tot die Franse Ope. Krieket Terwyl die voortslepende saga van Thabang Moroe, die geskorste uitvoerende hoof van Krieket Suid-Afrika (KSA), nóg ’n kinkel bygekry het, beplan die beheerliggaam om Donderdag ’n aankondiging oor Moroe se toekoms te doen. Gholf Die kleinhandelgroep Massmart het aangekondig sowat 1 800 personeel by Game kan geraak word in ’n herstruktureringsproses wat begin is. Maatskappye ’n Groep aktivistiese aandeelhouers wil Santam op sy jaarvergadering peper met vrae oor hoekom hy nie eise uitbetaal aan ondernemings wat weens die staat van inperking moes sluit nie. Energie Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy só ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed Terwyl fliekteaters oor die pad vorentoe vergader, bly talle teaters se deure steeds toe nadat hulle die groen lig van die regering gekry het om sake te hervat. Kuns ’n Tentoonstelling van Sandra Hanekom het pas in Switserland geopen. Daarby het sy ’n reeks werke met die koronavirus voltooi uit media wat sy byderhand gehad tydens die inperking - ’n balpuntpen. Musiek Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. Dís beslis goeie nuus!. Boeke Lees elke dag saam aan die vervolgverhaal, Tussen die klippe, deur Hans du Plessis. Leef Op en Af Netwerk24 se blitsreeks, Op en Af, is ’n komedie en volg die lewe van drie paartjies wat

Northern Cape ready for COVID-19 peak: Saul - Breaking news, special reports, world, business, sport coverage of all South A

Northern Cape ready for COVID-19 peak: Saul 7 July 2020, 5:51 PM | SABC | @SABCNews Image: Reuters The Northern Cape's rate of infections surged in few weeks and currently stands at 820 after being stable for a longer period at the beginning of lockdown. Northern Cape Premier Zamani Saul says the province is ready for the COVID-19 peak which is expected from mid-August. Saul was speaking at Kuruman on Tuesday where he received medical equipment at a value of just over R100 million from various mining companies operating around Kuruman. The province’s rate of infections surged in few weeks and currently stands at 820 after being stable for a longer period at the beginning of lockdown. The Northern Cape has the lowest COVID-19 infections and deaths cases in the country. The province currently has only six deaths. The province’s infection rate has seen a rapid surge in recent weeks, putting a strain on the province’s health facilities. Premier Saul says the donations that the province has been receiving from the private sector and from the mines will help the department to ready itself for the peak. Saul has raised concern over the sudden surge in recent weeks and he attributes it to the easing of lockdown regulations. "Easing of lockdown regulations has got a direct impact on the levels of transmissions. There’s a clear correlation. It’s a global phenomenon. You open up, you are going to sit with the increased levels of transmissions. So, we are also at that, you know. We are at Level 3 and we are expected to be at that increased level of transmissions. In the video below, Zamani Saul says the Northern Cape is ready for lockdown Level 3. The mines, which include South 32, Assmang and Hotazel, are amongst those who contributed to the donation. The mines’ representative Boitumelo Seboko says this was to heed the president’s call for all to come to the party in the fight against the pandemic. Seboko says the donation will bee

Competition Tribunal Finds Dis-Chem Guilty Of Excessive Price Hikes On Face Masks

Competition Tribunal Finds Dis-Chem Guilty Of Excessive Price Hikes On Face Masks 1 min ago 1 min read Share with your network! The Competition Tribunal has found Dis-Chem pharmacies guilty of contravening the Competition Act by selling surgical face masks at excessive prices during the COVID-19 pandemic. The retail group has been ordered to pay an administrative penalty of over R1 million. Dis-Chem is alleged to have hiked the price by between 43% and 261%. The tribunal said that the company abused its dominance when it hiked the prices. TRIBUNAL FINES DIS-CHEM R1.2 MILLION FOR EXCESSIVE PRICING OF FACE MASKS DURING COVID-19 PANDEMIC https://t.co/v0nlmtVIpA

SA investors in better shape than the battered economy

...While it has not completely recovered the pandemic related losses the index was marginally positive over one year at 2.6%. The undoubted leader was the US. The S&P 500 returned 2% in June pushing second quarter returns above 20%. While still in the red year to date on a 12 month view the S&P 500 is up 7.5%. With inflation over the same period only around 1% the real return is pretty much in line with the long term average. It s as if the pandemic never happened when in fact the US has been one of the hardest hit among rich countries and continues to suffer due to a halting incoherent and fragmented response. But this is the market reaction you get when your government issues the world s most desirable currency your technology companies are dominant and your central bank is innovative pragmatic and determined. Despite having none of these three attributes and despite also dealing with a still raging outbreak South African equities outperformed global markets in the second quarter. The FTSE JSE All Share Index returned 7.7% in June and 23% in the second quarter the best quarterly return in almost 20 years. A 3% appreciation of the rand against the dollar pushed the dollar return to 26%. Clearly the longer term picture is still disappointing. At the end of June the three year annualised return was 5% and five year return only 4%. In retirement funds that are subject to regulatory asset class limits local equities are the main growth asset and this performance has hurt local investors. Sadly the JSE suffered a bear market in 2020 without having enjoyed a bull market in the preceding years. This does not mean that SA equities can never recover. While you shouldn t read too much into a single three month period what the second quarter clearly shows is that the local market ebbs and flows with the tide of global risk appetite. Sustained positive risk appetite that also reflects in firmer commodity prices and a weaker US dollar can see local equities do very well despite weak do

Tongaat Hulett welcomes competition tribunal decision

Tongaat Hulett welcomes competition tribunal decision Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From Tongaat Hulett welcomes competition tribunal decision Name & Surname Tongaat Hulett welcomes competition tribunal decision 7th July 2020 ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + Tongaat Hulett welcomes the decision by the Competition Tribunal to approve without conditions the acquisition of Tongaat Hulett Starch by the KLL Group, a wholly owned subsidiary of Barloworld. The decision by the South African Competition Tribunal is the third approval in the jurisdictions that are relevant to the transaction, with the Botswana Competition Commission and the COMESA Competition Commission having already approved the transaction without conditions. The final approval is awaited from the Indonesian Competition Commission, and is expected in the first week of August. Advertisement Tongaat CEO Gavin Hudson said the approval of the transaction without conditions is a significant step forward towards finalising the deal. "The approval by the SA Competition Tribunal has been achieved within the anticipated timelines, despite the impact on the process due to the COVID-19 environment. "This is good news and means we can focus on closing the final conditions relating to the deal. These involve obtaining the consent of our lenders, and the resolution of the MAC event that Barloworld has called," he said. Advertisement In May, Barloworld indicated

Shortage of bottled gas in SA pushes prices up

Shortage of bottled gas in SA pushes prices up http://www.safrica24.com/business/shortage-of-bottled-gas-in-sa-pushes-prices-up/255865-news July 07, 2020 14 A shortage of bottled gas has resulted in long queues for consumers who rely on it for cooking and heating - and there is no immediate end in sight. Those who are lucky enough to find it are now paying more. Andre Valkenburg, CEO of Gas & Equipment, says the problem started at the beginning of lockdown when refineries closed down and stopped producing liquid petroleum gas (LPG) for the South African market. LPG is produced in the refining process of crude oil, whereas piped or natural gas is sourced from the earth’s surface - usually near oil deposits. Valkenburg says his company is about 20 tons behind in deliveries and now, like every other gas supplier, is reliant on imports that "comes in dribs and drabs". Even if he does get a larger delivery, his delivery vehicles can only handle a certain amount. Valkenburg says the unusually cold winter has also driven up the demand for LPG. The price of gas has also increased. In a statement issued by the department of minerals and energy on July 1, the price increased from 2129c/kg to 2577c/kg in Gauteng and from 1904c/kg to 2352c/kg in coastal regions. This is because the base price used to be linked to the fuel price but has since been adjusted because imported gas costs more. This is according to Nirvan Brijlal, acting managing director of the Liquified Petroleum Gas Safety Association of Southern Africa (LPGSASA). Now, because of the country's reliance on imports, the gas price is calculated according to the Saudi contract price, which is also the international index price, he said. The weaker rand has also contributed to the increased cost of LPG for South African consumers. The limited supply is due to a delay in the opening of an additional LPG facility in Richards Bay. The facility, says Valkenburg, was meant to open in May, but Covid-19 has pushed this out to around

Dis-Chem to appeal ruling: ‘We didn't charge excessive prices for masks'

Home News Dis-Chem to appeal ruling: ‘We didn't charge excessive prices for masks' Dis-Chem said the ruling in which it was fined R1.2 million for price gouging of face masks contains a number of errors of fact and law. in News Image via: centurionmall.co.za Dis-Chem said it has noted with disappointment the Competition Tribunal's decision to fine them R1.2 billion for excessive pricing of face masks during the COVID-19 pandemic. Dis-Chem Pharmacies will take the matter on appeal to the Competition Appeal Court due to the decision "containing a number of errors. DIS-CHEM RESPONDS TO RULING OF PRICE GOUGING Dis-Chem Pharmacies CEO Ivan Saltzman said the Competition Tribunal failed to take into consideration that Dis-Chem was reacting in a responsible manner to significant disruptions to the market and that it increased its retail prices whilst it was facing significant price increases and shortages from its suppliers. "We reiterate that Dis-Chem did not charge an excessive price for face masks. Like everybody else, we were challenged to find supply because of the unprecedented global scale of the disaster and the unprecedented rapid rise in demand for masks, said Saltzman. "There is no avoiding the commercial need to cover these higher input costs. When input costs reduced, we passed that reduction onto our customers in a series of price reductions, it said. Dis-Chem said that due to high levels of demand for face masks, it had no choice but to find new sources of supply. These new imported sources of supply were more expensive. In an effort to ensure its customers could protect themselves, Dis-Chem purchased significant quantities of the face masks, despite the higher prices. Its argument is that it, therefore, had to increase its sales prices in line with these vastly increased input costs. "At the same time, Dis-Chem decreased pack sizes to make masks available to more customers, focusing on selling single masks to individual customers with limits of six units per customer. At no stage

SNT02 SNT03 SNT04 - SANTAM LIMITED - BISAN - Notice to noteholders regarding the release of an update regarding Business Int

SANTAM LIMITED - BISAN - Notice to noteholders regarding the release of an update regarding Business Interruption Claims Release Date: 07/07/2020 16:38 Wrap Text BISAN - Notice to noteholders regarding the release of an update regarding Business Interruption Claims SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN ("Santam or the "Issuer) NOTICE TO NOTEHOLDERS REGARDING THE RELEASE OF AN UPDATE REGARDING BUSINESS INTERRUPTION CLAIMS Noteholders are referred to the announcement released by the Issuer on the Stock Exchange News Service on 7 July 2020, regarding an update to its business interruption claims ("Update Announcement). The Update Announcement was released to inform security holders of a matter pertaining to its Contingent Business Interruption insurance cover, whereby the Issuer, through its Hospitality and Leisure insurance division, will today be delivering an opposing affidavit in an application brought against Santam in the Western Cape High Court by an insured hotel group. Noteholders are advised to refer to the Update Announcement for full details in this regard. 7 July 2020 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07-07-2020 04:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. Sharenet Wealth Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within th

End of an era as Harris, Dippenaar step down from RMB Holdings - Fin24

End of an era as Harris, Dippenaar step down from RMB Holdings Fin24 Share Laurie Dippenaar (Netwerk24) RMB Holdings [JSE: RMH] announced sweeping changes to its board on Tuesday, including the resignation of founding directors Paul Harris and Laurie Dippenaar, following the completion of the unbundling of its shareholding in FirstRand Limited. The two directors have been on the board for 32 years. The resignations would be effective immediately, the company said in a notice to shareholders on the JSE Stock Exchange News Service. RMH received approval from shareholders to proceed with the unbundling at the end of May, marking the end of a nearly three-decade history between the two companies. Outside of the resignation of Harris and Dippenaar, the directors who stepped down from the board include Jannie Durand, Johan Burger, Ralph Mupita, David Frankel and Francois Knoetze. Paul Harris. Photo: Forbes Sonja de Bruyn has been appointed as interim chair until the annual general meeting in December 2020, with Murphy Morobe as lead independent director. The new board will further include Herman Bosman, Peter Cooper, Albertinah Kekana, Udo Lucht, Mamongae Mahlare, James Teeger and Murphy Morobe. RMH, whose major shareholders are investment holding company Remgro, Royal Bafokeng Holdings and the Public Investment Corporation, announced in November last year that it was looking to unbundle its 34.1% stake in the banking group. Post unbundling, RMH will remain focused on its property portfolio. Compiled by Marelise van der Merwe Related Links

DAX mit kräftigem Gap-up - ING MARKETS Morning Call 06.07.2020

DAX mit kräftigem Gap-up - ING MARKETS Morning Call 06.07.2020 DAX30 PERF INDEX DAX mit kräftigem Gap-up - ING MARKETS Morning Call 06.07.2020 0 11 ING Markets Unter dem Namen ING Markets emittiert die ING Bank N.V., einer der größten europäischen Finanzkonzerne, Knock-Out-Zertifikate für den deutschen Markt. Damit Sie die Trends sofort erfahren, versorgen unsere Experten Sie täglich mit Blogs & Analysen rund ums Börsengeschehen. Neueste Analysen: DAX30 PERF INDEX 7594 0 Ein zugrunde liegender Trend für DAX30 PERF INDEX ist nicht zu erkennen und kurzfristig gibt es immer noch wenige Käufer. 7594 0 Der starke kurzfristige Anstieg von DAX30 PERF INDEX dürfte schnell dazu führen, dass der zugrunde Trend wieder bullisch 7594 0 CentralCharts ist ein soziales Netzwerk und ein Informationsportal für Finanzmärkte für Trader und Börsenanleger. Support und Information Die führende Workstation für Trader: Responsive Webdesign (Computer, Tablet und Smartphone) Warnung: Trading birgt Risiken. Die Verluste können Ihren Depotwert bei Ihrem Broker übersteigen. Trading ist nur für erfahrene Kunden geeignet, die über ausreichende Finanzmittel verfügen, um diese Risiken zu tragen. Der Inhalt dieser Webseite hat lediglich einen pädagogischen und informativen Charakter. Die Webseite stellt in keiner Hinsicht eine Investitionsberatung oder Aufforderung zum Kaufen oder Verkaufen irgendwelcher Finanzinstrumente dar. Jeder Investor muss selbst bestimmen, ob ein Finanzinstrument seiner finanziellen, steuerlichen und rechtlichen Situation entspricht.

SANTAM LIMITED - Business interruption claims update following the Annual General Meeting - SENS

Business interruption claims update following the Annual General Meeting SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 JSE Share Code: SNT & ISIN: ZAE000093779 NSX share code: SNM BUSINESS INTERRUPTION CLAIMS UPDATE FOLLOWING THE ANNUAL GENERAL MEETING In a matter pertaining to its Contingent Business Interruption insurance cover, Santam, through its Hospitality and Leisure insurance division, will today be delivering an opposing affidavit in an application brought against Santam in the Western Cape High Court by an insured hotel group. Santam understands the financial distress on the businesses and individuals impacted by the National Lockdown to combat COVID-19, and has contributed significant funds towards financial relief during this crisis. Notwithstanding this, Santam can only commit to paying claims in line with its policy provisions. We do also recognise the public interest in this matter and are therefore seeking legal certainty by having this matter speedily determined by the courts of South Africa. Santam is aware of a High Court judgment in relation to a claim against another insurer, which was handed down in favour of the claimant very recently. We are currently studying the judgement closely. We remain confident of our interpretation of causation as it applies to COVID-19 related business interruption losses, and have made appropriate provisions for such claims. Our balance sheet is sufficiently robust to accommodate either interpretation of cover. 7 July 2020 Sponsor: Investec Bank Limited Date: 07-07-2020 04:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any d

All the Ways Digital Signage Will Change the Post-COVID -19 Retail Business

Home Breaking News All the Ways Digital Signage Will Change the Post-COVID-19 Retail Business All the Ways Digital Signage Will Change the Post-COVID-19 Retail Business At VisualLED, leading company in the business that has sold LED screens across the world, they know all about the importance of adapting each display to their customer’s needs. By Digg Digital signage No matter if big or small, all those businesses that open to the public will have to adapt their safety and hygiene measures in order to keep their premises COVID-free. For starters, the limited number of people who can be in a store at the same time will create queues outside the shops. This is where LED signboards come into the picture. Built with materials that will withstand any weather condition, these screens can help customers be entertained while they wait in line and allow retailers to even display some of the products sold inside in order for the customer to have a better idea of what they are going to purchase when they enter the shop, thus reducing their time in the actual premises. But what happens in broad daylight? Will the footage displayed still be visible? VisualLED’s outdoor advertising screens are created so that their brightness level can be adjusted and offer a great luminous range so they can be visible no matter the weather. Indoors, digital signage will also have many functions, especially when informing customers. Indoor LED screens will allow you to play instructions on the right hygiene measures that customers should follow in the store. Moreover, they will be the perfect ally to increase sales, by displaying the shop’s latest products and special discounts that can’t be printed on regular brochures due to safety reasons. This is also a great way of substituting any information that was previously on touch screens, as they will need to be removed from stores because they are a possible focus of contagion. At VisualLED, leading company in the business that has

Premier Hotels opens for Business

Home Business Premier Hotels opens for Business Premier Hotels opens for Business July 7, 2020 Telegram Premier Hotels opens for Business Further to the announcement in Alert Level 3, Premier Hotels has continued openings of selected hotels, as well as opening all booking channels for hotels into 2021. The hotels will open in a phased approach with selected services and new Premier CleanCheck protocols in place - involving cleanliness, sanitisation, preventative measures, staff training, and guest education on arrival and during their stay. The protocols also adhere to new Health and Safety Best Practice Standards to respect social distancing, strict sanitisation methods and the use of PPE protocols in all hotels. Premier Splendid Inn Bloemfontein, Premier Hotel Mapungubwe, Premier Hotel ELICC and Premier Hotel Regent re-opened in June. Further hotels opening in July will be Premier Hotel O.R. Tambo, Premier Hotel Midrand, Premier Hotel Pretoria, Premier Splendid Inn Pinetown, Premier Hotel The Richards, Premier Splendid Inn Bayshore. August will see Premier Hotel Cape Town, Premier Hotel Quatermain, Premier Hotel Falstaff, Premier Hotel The Winkler, Premier Resort Mpongo Private Game Reserve and Premier Splendid Inn Port Edward re-opening. The Quatermain and Falstaff Hotels are receiving major upgrades and refurbishment programmes currently. Then some of Premier’s resort style hotels will re-open in September, which includes Premier Hotel Roodevalley (also benefitting from a wonderful farmhouse inspired upgrade programme), Premier Hotel Sani Pass, and Premier Resort The Moorings in Knysna. Also scheduled for October opening is the newly developed Umhlanga precinct - featuring the 4 Star Premier Hotel Umhlanga, 3 Star Premier Splendid Inn, and new conference centre, all located on one site in Umhlanga Ridge - while the Premier Resort Cutty Sark is re-opening following a multi-million rand upgrade in Scottburgh, KwaZulu-Natal. For more information: [email protected] or www.premier

WHO experts to travel to China at weekend to study COVID-19 origins - Breaking news, special reports, world, business, sport

WHO experts to travel to China at weekend to study COVID-19 origins 7 July 2020, 7:07 PM | Reuters | @SABCNews Image: Reuters A staff member of Nanming district's Center for Disease Control and Prevention collects a swab from frozen fish for nucleic acid testing following the coronavirus disease (COVID-19) outbreak. The World Health Organisation said on Tuesday that experts from the global body would travel to China at the weekend to prepare a study of the origins of the novel coronavirus and how it jumped from animals to humans. "The best place to start is clearly where the disease emerged in humans first, and where the disease emerged in humans first, where the first clusters of atypical pneumonia occurred, was in Wuhan, Dr Mike Ryan head of the WHO's emergencies programme, told a news briefing in Geneva. Heavily criticised by the United States and others who have accused it of secrecy and a late response to the outbreak, which emerged in the central city of Wuhan late last year, China has said it was transparent throughout the early stages of the pandemic. WHO media briefing Part 1: WHO media briefing Part 2: This entry was posted on 07 Jul 2020,07:07PM at 7:07 PM and is filed under Coronavirus , Sci-tech . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

'I'm kicking harder than an ox' - Mokgoro insisting he is still in good health - Breaking news, special reports, world, busi

7 July 2020, 8:08 PM | SABC | @SABCNews Image: SABC News Premier Job Mokgoro is now in self-isolation and says he will be working remotely. North West Premier Job Mokgoro says although he has tested positive for the coronavirus , he is still in good health. The 72-year old Mokgoro announced on Tuesday afternoon that he had tested positive for the virus. He says he tested on Monday, following the death of the province's Cooperative Governance MEC Gordon Kegakilwe of COVID-19-related complications . Mokgoro is now in self-isolation and says he will be working remotely. "I'm kicking harder than an ox. I went to test, as a result of my colleague, our fallen hero, MEC Gordon Kegakilwe, and fortunately, the results came back very quickly, and they told me that I'm positive. They were actually saying I'm probably on the recovery side because I told them that I've just been feeling feverish over the past two weeks. No difficulties with coughing; no difficulties about breathing; no sneezing. I'm up and about and about. Obviously, given the results, I'm listening to my doctors, who will give me instructions from time to time. In the video below, Premier Job Mokgoro says he feels highly energetic: Meanwhile, health experts have warned politicians at an advanced age to be cautious when executing their responsibilities as the country grapples to contain the spread of the coronavirus. Elderly people are most susceptible to contract the virus and South Africa has an aging political leadership. Family Physician Fundile Nyati says most politicians in the country are at risk of contracting the virus. Below are the latest coronavirus statistics in SA: Loading This entry was posted on 07 Jul 2020,08:08PM at 8:08 PM and is filed under Coronavirus , Politics . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Free Webinar - August 27: Keeping Your Network Strong: How Women Business Owners Can Adjust to the New Normal

Recovery Planning Series Free Webinar | August 27: Keeping Your Network Strong: How Women Business Owners Can Adjust to the New Normal Join us as we discuss strategies women entrepreneurs can adopt to keep their networks robust during COVID-19 and beyond. Image credit: PeopleImages | Getty Images Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! Email 1 min read Opinions expressed by Entrepreneur contributors are their own. In this webinar, a panel from Wilmington Trust will discuss the findings of a new survey on peer networking for women business owners, and issues they continue to confront versus their male counterparts. They will also talk about strategies women entrepreneurs can adopt to keep their networks robust during COVID-19 and beyond. Key Takeaways: How women business owners and entrepreneurs can gain better access to peer networks What are the networking challenges that women face as compared to men, and how do men and women perceive those challenges differently How the pandemic is impacting face-to-face networking, and what are some techniques business owners can use to overcome those challenges

Shareholder activists grill Santam about 'business interruption insurance'

Shareholder activists grill Santam about 'business interruption insurance' 7 July 2020 6:47 PM Tracey Davies Share This: The lockdown did it - not the pandemic - so we can’t pay, argues Santam. Bruce Whitfield interviews Tracey Davies of Just Share. An almighty battle is waging between businesses - particularly those in the decimated hospitality industry - and insurers. Many business owners took out "business interruption insurance which specifically covers losses that include those suffered due to interruption by an infectious or contagious notifiable disease. Covid-19 is just that. However, most insurance companies argue that it’s the lockdown - not the pandemic - that is responsible for their clients’ business interruption. Santam’s AGM was an excellent illustration why electronic, virtual AGMs are not a substitute for in-person AGMs it wasn’t well-structured or clear how questions could be asked. Those who did ask were shut down pretty quickly Tracey Davies, Director - Just Share The court found unequivocally that Covid-19 is the cause, not the lockdown In true South African fashion, Santam says it’s studying the judgment. It didn’t budge an extraordinary gulf between Santam’s public words and its stance towards policyholders. Tracey Davies, Director - Just Share a massive company with very deep pockets - Santam today assured shareholders that, even it had to pay out these claims in full, it’s balance sheet will be fine These companies must explain the gap between the PR and actual action on the ground. Tracey Davies, Director - Just Share Listen to the interview in the audio below. Subscribe to our Business Wrap Newsletter 7 July 2020 6:47 PM Job won’t make you rich. You must earn in your sleep - Aisha Pandor, SweepSouth 6 July 2020 8:39 PM Bruce Whitfield talks to SweepSouth cofounder Aisha Pandor about her attitude to money (hopes and fears, successes and failures). Share this: Job hu

Big win for restaurants as judge orders insurer to cover lockdown losses

Big win for restaurants as judge orders insurer to cover lockdown losses Edward-John Bottomley , Business Insider SA Jul 07, 2020, 03:18 PM facebook - A Cape Town restaurant just won a major court battle against a big insurer. The restaurant had been insured for outbreak of a pandemic, but the insurer claimed it was lockdown that caused the economic damage, and not Covid-19. It's a big win for the tourism industry, which is currently in a huge fight with insurers over the paying out of claims due to lockdown. For more stories go to www.BusinessInsider.co.za . A Cape Town restaurant just won a key court battle, which may make insurers like Santam nervous. After being unable to do business for months, restaurants, bars, hotels and guesthouses are demanding that their insurers pay out business interruption claims for the financial harm they suffered while being under lockdown. Some business interruption policies include cover for contagious diseases. However, some big insurance companies, like Santam and HCI, are hesitant to pay out, claiming that the income losses stem from the government-induced lockdown, and not from the disease itself. Some insurers are willing to pay out for localised outbreaks of Covid-19, such as the forced closure of a restaurant due to coronavirus cases, but don’t want to pay out for the general loss of income due to the lockdown . READ| Santam and others may not be paying lockdown claims, but some insurers are A restaurant in the northern suburbs of Cape Town, Cafe Chameleon, brought legal action against Guardrisk, a specialist insurance provider owned by MMI Holdings. Cafe Chameleon has been forced to close its business in lockdown, and suffered huge financial losses. It is now struggling to pay employee salaries. It says that Guardrisk should settle its claim because it was insured for business interruption coverage if there was an outbreak of a "notifiable disease" - the type of disease outbreak that authorities need to be notified of, such as Covid-19

Johnnie Walker owner stops Facebook ads in South Africa due to racism - but SAB ‘won't be part of boycott'

Johnnie Walker owner stops Facebook ads in South Africa due to racism - but SAB ‘won’t be part of boycott’ Business Insider SA Jul 07, 2020, 03:33 PM facebook twitter email Diageo, the owner of Johnnie Walker, has decided to stop local advertising on Facebook and Twitter. The alcohol giant Diageo has joined Coca-Cola and Microsoft by stopping all local advertising on Facebook, Instagram and Twitter. More than 750 companies across the world have suspended their advertising amid criticism that the platforms aren't doing enough to protect users from racism and hate speech. Diageo expressed concerns about "unacceptable content, particularly racism on the social media platforms. For more articles, go to www.BusinessInsider.co.za . The alcohol giant Diageo has joined Coca-Cola and Microsoft in South Africa by stopping all local advertising on Facebook, Instagram and Twitter. In a statement, Diageo expressed concerns about "unacceptable content, particularly racism on the social media platforms. More than 750 companies across the world have suspended their advertising amid criticism that Facebook and Twitter aren't doing enough to protect users from hate speech. The social media ad boycott has been gaining steam since 17 June, when a group of six non-profit US organisations wrote an open letter calling for advertisers to boycott Facebook . The open letter followed Facebook's handling of a post from US President Donald Trump. In late May, as the Black Lives Matter protests were starting to take root, Trump tweeted about protesters in Minneapolis: "When the looting starts, the shooting starts." While Twitter decided to place the tweet behind a block warning users that it broke the platform's rules on glorifying violence, Facebook decided to leave the equivalent post untouched on its own platform , prompting outrage from US civil rights groups and Facebook's own employees . Companies like Unilever (which owns brands like Surf, Omo, Knorr and Dove), Adidas, Starbucks and

Pa wat glo dogter verkrag, skiet 2 dood en toe homself

Pa wat glo dogter verkrag, skiet 2 dood en toe homself ’n Man van Namakgale buite Phalaborwa in Limpopo het glo Maandagaand sy vriendin en ’n niggie van haar doodgeskiet voordat hy homself om die lewe gebring het. Misdaad ’n 41-jarige pastoor is Maandagaand in ’n sendingshuis langs die Anglikaanse kerk in Tongaat in Durban doodgeskiet. Misdaad Twee van die Leeus se losvoorspelers het hul verblyf by die unie met minstens nog ’n jaar verleng. Meer-Sport Vietnam kan laat in November steeds gasheer speel vir die eerste Formule Een-Grand Prix in die land. Rugby Tot 43 000 minder huishoudings gaan in die lopende boekjaar aan die kragnetwerk gekoppel word nadat die departement van minerale bronne en energie sy begroting hiervoor met R1,5 miljard besnoei het. Landbou Tongaat Hulett het toestemming van die mededingingstribunaal gekry om sy styselafdeling aan Barloworld te verkoop, maar laasgenoemde twyfel steeds of dit nog die geld werd is. Ekonomie Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy só ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed ’n Gewone aanlyn vertoning is vir Margit Meyer-Rödenbeck geensins bevredigend nie. Elke produksie moet spesiaal hanteer word en ’n eie karakter gegee word - en daarvoor gaan sy uit haar pad. Musiek ’n Suid-Afrikaanse operasanger het die wêreld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanl

Dis-Chem to appeal R1.2m fine for hiking mask prices

Go Dis-Chem to appeal R1.2m fine for hiking mask prices The company said the verdict by the Competition Tribunal contained errors of fact and law and it would now approach the Competition Appeals Court. A Dis-Chem store: Picture: Dischem Facebook Page Sifiso Zulu | 6 minutes ago JOHANNESBURG - Dis-Chem Pharmacies says it will appeal the Competition Tribunal's decision which found it guilty of the excessive pricing of surgical masks during the COVID-19 pandemic. In a statement released on Tuesday afternoon, the retail company said the verdict contained errors of fact and law - and it would now approach the Competition Appeals Court. The Competition Tribunal slapped Dis-Chem with a R1.2 million fine for inflating prices in contravention of the Competition Act. The company was found to have increased prices by between 43% and 261%. Dis-Chem has maintained its innocence since the allegations emerged during the early stages of the COVID-19 pandemic in South Africa. The company said the Competition Tribunal failed to take into consideration the challenge it faced to find supply because of the unprecedented global scale of the disaster and the rapid rise in demand for masks. Dis-Chem said its local suppliers had no stock and it had to pay higher prices to import millions of masks to meet customer demands. The company also said it was unable to replenish its stocks of masks in the volumes required locally and had to find new suppliers.

Amsterdam's sex district open for business

Amsterdam’s sex district open for business Hayden Horner Amsterdam's red-light district is often a hub of activity With no kissing allowed, how will the famous red-light district operate? Amsterdam, Netherlands, became one of the world’s leading sex tourism destinations in 2000 when prostitution was made legal. The city’s famed Red-Light District typically attracts an estimated more than 1,000 tourists each week, making the industry a major contributor to the national tax coffers. However, as with all aspects of business, commercial sex work has also taken a massive blow due to the global lockdowns created by the coronavirus. A worker cleaning a sex worker’s room in Amsterdam. "During the lockdown, a lot of sex workers ran into financial trouble so we’re very happy that we can finally start our job again, Felicia Anna, the chairwoman of the Red-Light United trade union, told The Guardian . Brothels in the Netherlands were meant to remain shut until September this year, but the reopening date was brought forward to July 1. Anti-coronavirus masks adapted for kink. Felicia Anna, a 34-year-old Romanian sex worker, said it "felt very good to be back at work, while Foxxy, a sex worker and activist at the Prostitution Information Center in Amsterdam said she was already fully booked for Wednesday. So, how are brothels going to operate under the new normal? For more news your way, download The Citizen’s app for iOS and Android .

Magu detained after questioning •Details of case against him

July 7, 2020 ebere News 0 Spread the love For hours on Monday, Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu testified before a panel looking into allegations levelled against him by Attorney-General of the Federation and Minister of Justice Abubakar Malami (SAN). The panel is headed by Justice Isa Ayo Salami, a retired president of the Court of Appeal. Magu was detained last night after being quizzed by the panel. He was whisked away from the Presidential Villa, where he was interrogated to the Force Criminal Investigation Department (FCID) at about 10.15pm shortly after the investigative panel ended its sitting. His escort mobile policemen and security detail were stood down before he was taken into custody. It was learnt that shortly after emerging from the sitting, Magu was led into a waiting white Hilux van marked 371D. Magu insisted on sitting in the open space at the back of the Hilux. The police team persuaded him to sit in the first cabin. The ding-doing over his relocation to the FCID lasted about 25 minutes. Magu was later allowed to go to the FCID in his official car. A source said: "In the light of the ongoing investigation, it became expedient to detain Magu at the FCID. We do not want him to return to the office while he is being questioned, because he is likely to have another session with the Justice Salami panel. It was also learnt last night that Magu might be suspended from office. "By not allowing him to go back to his office was an indication that he might be suspended. "It is obvious that the Presidency has concluded plans to look for a new candidate for the office, the source said. At the FCID around 10.50pm, Magu rejected an offer to take him into an office to stay the night. He told the officers in charge to treat him like a suspect by putting him in a cell. Sitting on a chair, he said: "I won’t go and sleep in any office; I prefer to be in a cell. Kindly put me in a cell. That is what Allah wants for me. I can&r

NINETY ONE PLC - Dealing in securities by employee benefit trusts - SENS

Dealing in securities by employee benefit trusts Ninety One Limited Ninety One plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 2019/526481/06 Registration number 12245293 Date of registration: 18 October 2019 Date of registration: 4 October 2019 JSE share code: NY1 LSE share code: N91 ISIN: ZAE000282356 JSE share code: N91 ISIN: GB00BJHPLV88 DEALING IN SECURITIES BY EMPLOYEE BENEFIT TRUSTS As part of the dual listed company structure Ninety One plc and Ninety One Limited notify both the London and Johannesburg Stock Exchanges of the following, in compliance with the Listings Requirements of the JSE Limited: 1 Details of Employee Benefit Trust a) Trust Name Ninety One Guernsey Employee Benefit Trust 2 Details of the Issuer a) Name Ninety One plc b) LEI 549300G0TJCT3K15ZG14 3 Details of the Transaction a) Description of the financial instrument, type Ordinary shares of £0.0001 each of instrument b) Nature of the transaction On-market acquisition of 49,228 ordinary shares for an aggregate purchase consideration of £102,494.62 c) Number of Securities 49,228 d) Volume weighted average price: £2.082039 Highest traded price: £2.10 e) Total value of transaction £102,494.62 f) Date of the transaction 3 July 2020 g) Place of the transaction London h) Clearance obtained Yes Date of release: 7 July 2020 JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd Date: 07-07-2020 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever aris

Imperial retreats - Cape Business News

Cape Business News 2 Germiston Trucks PAARL-based Imperial Cargo Solutions - a subsidiary of JSE-listed mobility giant Imperial Logistics - is contemplating the closure of two of its key operations. A letter from Imperial Cargo MD Steven Smith to staff - seen by CBN - said the company had no choice but commence with a formal consultation process which could lead to the closure of the general freight and line-haul operations. Imperial Cargo was established in 1997 with the amalgamation of several Imperial companies - including Heavy Transport, Long Distance, Normans and Highway Carriers. It specialises in moving general freight across South Africa, Namibia, Lesotho, Botswana and Swaziland as well as managing several warehouses. Key clients include Consol Glass, liquor giant Distell, Goodyear, Nampak, Pioneer Foods, Tongaat and Columbus Stainless Steel. The company has depots in Paarl, Bellville, Worcester, Port Elizabeth and Alrode. Smith despaired: "The unfortunate reality is that each and every investigation and analysis conducted by us in the past number of months has concluded that Imperial Cargo is unable to generate sustainable profits and returns in general freight and line-haul operations. In fact, all analysis has concluded that the general freight and line-haul operations has and will continue to generate losses and negative returns, destroying shareholder value. Smith added that these investigations had further concluded that Imperial Cargo was unable to compete with smaller and medium size low cost operators in the general freight and line-haul market. He said the emergence of digital freight exchanges and platforms enables large clients to manage multiple smaller operators. "This enables them to drive rates, which Imperial Cargo is unable to operate profitably at, even further down. Smith said the impact of the COVID-19 pandemic had materially damaged the future prospects of any financial turnaround of the general freight and line-haul operations. These operations, he noted, we

Three shot in Durban car chase

Three shot in Durban car chase By Tumblr KwaZulu-Natal: At 12H36 Tuesday afternoon Netcare 911 responded to reports of a collision on the M7 East bound just before the N2 interchange in Hillary Durban South region. Reports from the scene indicate that the driver of a light motor vehicle with two other occupants lost control on the downhill rolling the vehicle several times. It was alleged by those on scene that the occupants of the vehicle were being pursued by law enforcement when they shot at the police who returned fire. The three occupants, all adult males sustained had sustained moderate injuries. Circumstances leading up to the incident will be investigated by the relevant authorities. Shawn Herbst Netcare Limited Netcare 911 In other news - Hard times hit Black Coffee - He is selling his properties to be able to pay R40 million debt World-renowned South African musician Nkosinathi "Black Coffee Maphumulo is the latest Mzansi celebrity to land up in trouble with the taxman. Read more TAGS

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes

The Competition Tribunal has fined Dis-Chem Pharmacies R1.2m after finding the company guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. In its order and reasons, the tribunal found that Dis-Chem contravened the Competition Act in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The tribunal's reasons will be available publicly in due course. On April 23, the Competition Commission referred a complaint against Dis-Chem to the tribunal. The complaint alleged that Dis-Chem had contravened section 8(1)(a) of the Competition Act, read with regulation 4 of the Consumer and Customer Protection and National Disaster Management Regulations and Directions. The commission claimed that in March 2020, Dis-Chem engaged in excessive pricing of surgical masks which are essential items in the fight against Covid-19. Dis-Chem denied the commission's claims. The tribunal heard the matter on an urgent basis via video conferencing in early May this year. In its findings, the tribunal said the commission had established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that SA's first Covid-19 case was announced in March. The tribunal also found the commission has shown a case of excessive pricing in relation to the three types of face masks. It found that Dis-Chem failed to show that its price increases were reasonable. "In our view, Dis-Chem's massive price increases of surgical masks during the complaint period, which constitute an essential component of life-saving first-line protection in a pandemic of seismic proportions, without any significant increases in costs, are utterly unreasonable and reprehensible. "Accordingly, we find that Dis-Chem has failed to show that its price increases for SFM50 and SFM5 and Folio50

Eerste Viëtnamese GP nog nie van baan

Eerste Vietnamese GP nog nie van baan Vietnam kan laat in November steeds gasheer speel vir die eerste Formule Een-Grand Prix in die land. Rugby Nie net het die Blues die dienste van die opwindende Hoskins Sotutu behou nie, maar die jong Mark Telea het self sy kontrak met die Nieu-Seelandse Superrugby-span met twee jaar verleng. Atletiek Die kleinhandelgroep Massmart het aangekondig sowat 1 800 personeel by Game kan geraak word in ’n herstruktureringsproses wat begin is. Maatskappye Nog een van Suid-Afrika se groot banke gaan binnekort nie meer tjeks aanvaar nie. Maatskappye Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy só ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed ’n Suid-Afrikaanse operasanger het die wêreld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Ennio Morricone, een van die bekendste komponiste van rolprentmusiek, is op 6 Julie op 91-jarige leeftyd in ’n hospitaal in Rome oorlede. Hy het geval en ’n been gebreek waarna hy opgeneem is en ’n paar dae later dood is. Musiek Kyk: Emma huldig Van Gogh met eie weergawe van lied Die Kaapstadse sanger Emma van Heyn gee nuwe betekenis aan die liedjie "Starry Starry Night oor die kunstenaar Vincent van Gogh. Sy het in die psige van die kunstenaar gedelf vir haar vertolking en gee die ontstellende gedagtes en diepe hartseer in Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. Dís beslis g

Connecting Africa - COVID -19 store closures hurt SA's Blue Label Telecoms

COVID-19 store closures hurt SA's Blue Label Telecoms 50% 50% South African ICT company Blue Label Telecoms which is a major shareholder in struggling mobile operator Cell C is expecting to bounce back from last year's losses related to Cell C but is now predicting an earnings knock from its WiConnect business. The Johannesburg Stock Exchange-listed group said in a trading statement that it is expecting headline earnings per share for the financial year ended May 31, 2020, to increase by more than 20% compared to the previous year, when it reported headline losses. However, it is expecting to take a R330 million (US$19.3 million) hit to earnings because of COVID-19 impacts to its WiConnect business. "Given the uncertainty of the tenure of the pandemic and the resultant losses attributable there to impacting on its financial feasibility, a decision was made to cease the operations of the WiConnect retail stores," Blue Label said in the trading statement. It said that although a turnaround strategy had been implemented at WiConnect, COVID-19 had a significant negative impact on the retail operations including "increased costs of inventories as a result of a weaker Rand, periods of non-trading as a result of the nationwide lockdown and consumers foregoing discretionary purchases." WiConnect was previously called Edgars Connect, and the chain of stores opened in 2015 as a joint venture with retailer Edgars to sell SIM cards, mobile hardware and value-added services. Edgars' parent company, Edcon, filed for business rescue in April 2020, after the group was unable to pay suppliers due to weak sales early in the year which were compounded by forced store closures due to South Africa's COVID-19 lockdown. Blue Label said its exposure to the Edcon Group amounted to R49 million ($2.9 million) and of this R21 million ($1.2 million) relates to the retail stores and is included in the R330 million ($19.3 million) negative impact. Blue Label did, however, generate positive cash flows from its trading op

MultiChoice launches Showmax Pro in bid to capture streaming subscriber

In its latest move to increase online streaming subscribers, MultiChoice has launched a new streaming service with live sport, music and news channels called Showmax Pro. The new service is an extension of the five-year-old Showmax platform. On Tuesday, the listed pay TV operator said Showmax Pro would initially be rolled out in Nigeria and Kenya, "with additional countries following shortly after. The entire process is expected to be completed within 6-8 weeks with coverage across sub-Saharan Africa, said MultiChoice. Showmax first began testing sport live-streaming in June 2019, with the Showmax Pro service based on the results of this trial. In addition, the company launched a mobile-only service for smartphones and tablets in November, featuring all of the Showmax content but at half the cost of the standard service and consuming less data. Because of the good uptake of the mobile version, Showmax Pro will also have a service for smartphones and tablets, the company said. MultiChoice does not report on exact users for Showmax, only saying its number of monthly active customers rose 39% year on year for the period to the end of March 2020. This growth was attributed to increased marketing investment, Showmax original programming and local content, which makes up more than 50% of the platform’s library. In a statement, Niclas Ekdahl, CEO of the Connected Video division of MultiChoice, said: "The live sport test we ran on Showmax in conjunction with SuperSport has been well received, so that’s forming an integral part of our new Showmax Pro service. This is the latest effort from MultiChoice to beef up its online streaming presence in Africa. In June, the former Naspers company said it would add content from international online streaming giants Netflix, the world's largest player with 183-million subscribers, and Amazon Prime Video, boasting over 75-million users worldwide, to its service in a bid to attract new customers. The deal will help the US companies gain a bi

Vusi Thembekwayo's seven tips for entrepreneurs and business owners during Covid-19

BY Fast Company 4 MINUTE READ Covid-19 is having a devastating impact on the global economy, forcing thousands of businesses to close and leaving millions of people out of work. But even before the coronavirus first arrived in South Africa, the country’s economy was in a recession - with high unemployment, low growth, rising delinquencies (on a corporate and consumer level), and the falling state of government debt. "We went into this crisis already on our knees, says entrepreneur and venture capitalist Vusi Thembekwayo. "We were not ready for a fight. We were on our last breath and now we’ve had the wind taken out us. Seasoned in the business world and with his own multiple entrepreneurial ventures, Vusi has great insight into how business owners can cope during this time. Here are some of his tips: 1. FORGET ABOUT THE MACROECONOMICS Indeed, Covid-19 is causing massive shifts is the economy, so much so that it’s hard to know where it stands or how valid the GDP mix still is. Are we a services economy, or a manufacturing economy, or an industrial economy, or a financial services economy? Nobody can answer these questions accurately right now and perhaps won’t be able to do so for at least a year. "It’s hard to understand where the South African economy is at a macro level, Vusi says. "What we do know is that it isn’t the way it was before. So the most important thing for every single entrepreneur to be doing right now is getting as close to customers as possible. They’ll give you the information, the knowledge, and the insight about where we are. 2. THINK ON YOUR FEET AND PIVOT TO SOMETHING NEW As you spend time understanding customer needs, you’ll start to see how their behaviour has changed and identify where there are short-term opportunities for you to respond. Thereafter, you can think of how to apply your existing skillset to develop a new offering. "There are so many examples of people in the textile ind

Maydorns Meinung: Wirecard, Steinhoff, Tesla, Nio, Nikola, Nel, BYD, Samsung SDI, JinkoSolar

Maydorns Meinung: Wirecard, Steinhoff, Tesla, Nio, Nikola, Nel, BYD, Samsung SDI, JinkoSolar TESLA INC. Maydorns Meinung: Wirecard, Steinhoff, Tesla, Nio, Nikola, Nel, BYD, Samsung SDI, JinkoSolar 0 3 Weitere Videos finden Sie unter: https://www.deraktionaer.tv Die letzten Konjunkturdaten zeichnen ein hoffnungsvolles Bild für die Erholung der Wirtschaft. Der Aktionär TV DER AKTIONÄR TV berichtet täglich live aus Kulmbach und Frankfurt sowie von der Deutschen Börse. Darüber hinaus versorgt DER AKTIONÄR TV den Nachrichtensender N24 exklusiv mit Live-Berichten aus Frankfurt. Neueste Analysen: TESLA INC. 7586 0 Derzeit besteht ein sehr starker bullischer Trend bei TESLA INC.. Solange der Kurs über der Unterstützung bei 917,42 USD 7586 0 Kurzfristig könnten wir eine Verdichtung des zugrunde liegenden bullischen Trends bei TESLA INC. beobachten. Dies ist ein 7586 0 CentralCharts ist ein soziales Netzwerk und ein Informationsportal für Finanzmärkte für Trader und Börsenanleger. Support und Information Die führende Workstation für Trader: Responsive Webdesign (Computer, Tablet und Smartphone) Warnung: Trading birgt Risiken. Die Verluste können Ihren Depotwert bei Ihrem Broker übersteigen. Trading ist nur für erfahrene Kunden geeignet, die über ausreichende Finanzmittel verfügen, um diese Risiken zu tragen. Der Inhalt dieser Webseite hat lediglich einen pädagogischen und informativen Charakter. Die Webseite stellt in keiner Hinsicht eine Investitionsberatung oder Aufforderung zum Kaufen oder Verkaufen irgendwelcher Finanzinstrumente dar. Jeder Investor muss selbst bestimmen, ob ein Finanzinstrument seiner finanziellen, steuerlichen und rechtlichen Situation entspricht.

SA enters top 5 for ‘job hiring near me' global searches on Google

READ MORE: Massmart says 1,800 Game stores employees might lose their jobs The number of people searching for "job hiring near me on Google saw a whopping increase of 242% in the last three months around the world due to various factors, including the virus pandemic. The data acquired by Finbold overviewed the job searches between April 6, 2020, and June 29, 2020, which indicated a popularity score of 28 and 96 respectively between the two periods. Infogram The popularity scores represent search interest relative to the highest point on the chart for the given region and time according to the Google trends platform. A value of 100 is the peak popularity for the term while a value of 50 means that the term is half as popular while a score of zero meant there was not enough data for this term. South Africa sits in fourth spot among countries like the United States (US) and Australia in the highest interest in nearby jobs searches with a popularity score of 13. Philippines sits at the number one spot with a popularity score of 100 while the US occupies the second spot with a popularity score of 72. While Canada with a popularity score of 21 occupies the third spot with Australia capping the top five spots with a popularity score of 7. This follows Stats South Africa’s (Stats SA) confirmation that the unemployment rate in the country stood at 30.1% , which is the highest rate ever recorded. Stats SA said the number of unemployed people increased to 7.1 million in the first quarter, however, this was before the Covid-19 lockdown which came into place in March. "The number of employed persons decreased by 38,000 to 16.4 million and the number of unemployed persons increased by 344,000 to 7.1 million in the first quarter. "The largest employment decreases were observed in the formal sector (50,000), followed by the agricultural sector with 21,000 in the first quarter. Meanwhile, employment in the informal sector and private households increased by 3,000 and 30,000 respectively.

Sénégal: Avortements clandestins - Un business du sang et de la mort

Senegal Senegal: Avortements clandestins - Un business du sang et de la mort 7 Juillet 2020 Sud Quotidien (Dakar) Par Mardochee Precieux L'avortement clandestin est devenu l'ultime recours pour certaines jeunes filles et m&ecirc;me adultes. Et pour y arriver, diverses personnes (amis, sage-femme, pharmaciens, medecins) sont sollicitees moyennant quelques billets de banque. Pis, la plupart des sujets qui epousent cette voie sont des el&egrave;ves et etudiants. Sur les traces d'un crime organise, un business de sang et de la mort mise &agrave; nu... Enqu&ecirc;te. La t&ecirc;te baissee mais d'une voix ferme, Rose Pouye se confie : <je ne voulais pas de cet enfant. Je voulais continuer mes etudes >. De sa voix fine, telle sa corpulence, l'on ne pouvait imager d'o&ugrave; elle pourrait puiser cette luciferienne force de venir &agrave; bout d'un f&oelig;tus de 04 semaines. < Lorsque j'ai su que j'etais enceinte, je voulais juste me suicider. Imaginant la reaction de ma m&egrave;re qui s'echine de jour comme nuit pour que je reussisse dans la vie, c'etait clair dans ma t&ecirc;te. Soit c'est l'enfant que je porte ou c'est moi-m&ecirc;me qui trepasse> a fait savoir Rose. C'est ainsi, de ses 21 ans, l'etudiante orchestre d'une strategie mesuree et calculee ; une veritable sc&egrave;ne de crime. <J'ai informe le p&egrave;re qui, non seulement apr&egrave;s avoir refuse la grossesse, me demanda d'avorter. Au lendemain de l'appel, j'etais dej&agrave; sur sa liste noire, je n'arrivais plus &agrave; joindre son numero. C'est en ce moment que j'ai decide d'en parler &agrave; une amie, une grande s&oelig;ur du quartier. Cette derni&egrave;re m'a rassure et m'a propose un rendez-vous>, explique-t-elle. Et de poursuivre avec une voie peu &agrave; peu tremblante : <apr&egrave;s notre rencontre, elle m'a explique qu'elle connait un ami qui travaille dans une pharmacie de la place et qui pourrait m'aider &a

Microsoft Business Development Chief Peggy Johnson becomes Magic Leap CEO

ZDNet Japan Microsoft Business Development Chief Peggy Johnson becomes Magic Leap CEO Microsoft is looking inside and outside the company for a replacement for Peggy Johnson, one of its key dealmakers and a member of the Senior Leadership Team, who is going to Magic Leap as CEO. Black Lives Matter: Turning words into action Peggy Johnson, Microsoft's Executive Vice President of Business Development, is leaving Microsoft to become Magic Leap's CEO. Johnson is slated to take over the virtual reality startup in August , as reported first by the New York Times. Microsoft plans to look inside and outside of the company for Johnson's replacement, a Microsoft spokesperson said on July 7. In the meantime, Johnson's direct reports will report to Chief Financial Officer Amy Hood, the spokesperson added. Johnson joined Microsoft in 2014 from Qualcomm and has been a member of Microsoft's inner circle, the senior leadership team. She was tasked with forging key partnerships and helping with major acquisitions. She also founded Microsoft's venture capital fund, currently known as M12 . Magic Leap, which competes with Microsoft's own HoloLens augmented-reality technology, is struggling . In April, the company laid off approximately 600 of its 1,900-member workforce. Magic Leap describes its focus as neither virtual reality nor augmented reality; instead, it makes "spatial computers," the company's positioning statement says. Johnson told the New York Times she had wanted to be a chief executive for a long time. Magic Leap's announcement of Johnson's appointment is here . A week ago, Executive Vice President Ann Johnson, who has been key to Microsoft's enterprise and cybersecurity efforts, moved over to Johnson's Business Development business. Johnson is now Corporate Vice President of Business Development with a focus on security, compliance and identity, according to her LinkedIn profile.

Game may cut up to 1 800 jobs

Game may cut up to 1 800 jobs Published by capeetc on July 7, 2020 The Massmart Group announced it has completed an assessment of opportunities to improve its Game stores, which led to the possibility of job cuts. The group has been restructuring since March 2020. A stakeholder statement released on Tuesday [July 7] says that the possible job cut process will include a consultation process that falls in line with section 189 and section 189A of the Labour Relations Act. This process may affect the livelihoods of up to 1 800 employees. In March, Massmart said that it would be closing all its "non-performing stores, and this included 23 Dion Wired stores, as well as a number of stores under the Masscash umbrella. In this month, Massmart had a total of 450 stores across 13 countries in sub-Saharan Africa, and a total of 48 500 full-time employees.

Blues behou nog 'n belowende bielie

Blues behou nog &rsquo;n belowende bielie Nie net het die Blues die dienste van die opwindende Hoskins Sotutu behou nie, maar die jong Mark Telea het self sy kontrak met die Nieu-Seelandse Superrugby-span met twee jaar verleng. Atletiek Rusland sal sy asem ophou vir die einde van die maand wanneer W&ecirc;reldatletiek se raad in &rsquo;n videokonferensie sal vergader en sy lot bespreek. Rugby Die kleinhandelgroep Massmart het aangekondig sowat 1 800 personeel by Game kan geraak word in &rsquo;n herstruktureringsproses wat begin is. Maatskappye Nog een van Suid-Afrika se groot banke gaan binnekort nie meer tjeks aanvaar nie. Maatskappye Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy s&oacute; ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed &rsquo;n Suid-Afrikaanse operasanger het die w&ecirc;reld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Ennio Morricone, een van die bekendste komponiste van rolprentmusiek, is op 6 Julie op 91-jarige leeftyd in &rsquo;n hospitaal in Rome oorlede. Hy het geval en &rsquo;n been gebreek waarna hy opgeneem is en &rsquo;n paar dae later dood is. Musiek Kyk: Emma huldig Van Gogh met eie weergawe van lied Die Kaapstadse sanger Emma van Heyn gee nuwe betekenis aan die liedjie "Starry Starry Night oor die kunstenaar Vincent van Gogh. Sy het in die psige van die kunstenaar gedelf vir haar vertolking en gee die ontstellende gedagtes en diepe hartseer in Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied

Two La Rochelle Girls' Primary School learners win in Growsmart Competition

11 0 While in lockdown, two of La Rochelle Girls&rsquo; Primary School&rsquo;s learners participated in the Growsmart Live on-air competition and were crowned winners of their individual rounds. The competition has the aim to enhance learning and is presented on Heart FM, for Gr 4, Gr 5 and Gr 6 learners. Our little Larrie winners, Tiara Cassidy Williams (Gr4) and Shia McMillan (Gr 5) had to answer several general knowledge questions, and in the process won themselves a Linovo Tablet and R500&prime; s worth of data. They both moved into the Top 20 of the competition. We wish them the best for the next round. This annual competition is presented by Growthpoint Properties and supported by the Western Cape Educational Department. Shia McMillan

Tribunal slaps Dis Chem with R1.2m fine for inflating face mask prices

JOHANNESBURG The Competition Tribunal has slapped JSE listed Dis Chem Pharmacies with an R1.2 million administrative penalty for charging excessive prices for surgical face masks during the Covid 19 pandemic. The Tribunal said that Dis Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks SFM 50 SFM 5 and Folio50 to the detriment of consumers during March. The Competition Commission accused Dis chem of abusing its dominance and charging excessive prices for surgical masks to the detriment of customers and consumers. Dis chem denied the commission s claims. The commission charged that Dis Chem had hiked the price of surgical face masks by up to 261 percent The tribunal today concluded that the commission had shown that Dis Chem had engaged in excessive pricing to the detriment of consumers.. The tribunal said material price increases of between 47 perent to 261 percent without corresponding increases in costs of any goods in a country such as South Africa with a long history of economic exclusion and deep inequality would seriously affect the public interest adversely. Material price increases of surgical masks without corresponding costs justifications in the context of Covid 19 for which there is no discernible cure and where health services are skewed towards the wealthy would seriously impact vulnerable and poorer consumers even more. Poorer customers would have been excluded from accessing the masks by such exorbitant increases other customers would have spent more on these items as a percentage of their disposable income said the tribunal. BUSINESS REPORT

Dis-Chem Fined R1.2m For Inflating Face Mask Prices

Dis-Chem Fined R1.2m For Inflating Face Mask Prices by Ph July 7, 2020, 1:48 pm Dis-Chem Pharmacies, Johannesburg, has been slapped with R1.2 million administrative penalty for charging excessive prices for surgical face masks during the Covid-19 pandemic. This fine was imposed by the Competition Tribunal. The Tribunal said that Dis-Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks SFM 50, SFM 5 and Folio50 to the detriment of consumers during March. The Competition Commission accused Dis-Chem of abusing its dominance and charging excessive prices for surgical masks to the detriment of customers and consumers. Dis-Chem denied the commission's claims. The commission charged Dis-Chem had hiked the price of surgical face masks by up to 261 percent The tribunal today concluded that the commission had shown that Dis-Chem had engaged in excessive pricing to the detriment of consumers.. The tribunal said material price increases of between 47 percent to 261 percent without corresponding increases in costs of any goods in a country such as South Africa with a long history of economic exclusion and deep inequality would seriously affect the public interest adversely. "Material price increases of surgical masks, without corresponding costs justifications, in the context of Covid-19 for which there is no discernible cure and where health services are skewed towards the wealthy, would seriously impact vulnerable and poorer consumers even more. Poorer customers would have been excluded from accessing the masks by such exorbitant increases, other customers would have spent more on these items as a percentage of their disposable income, said the tribunal. Loading... July 7, 2020, 10:44 am 770 Shares July 7, 2020, 10:29 am 1.2k Shares July 6, 2020, 2:41 pm 840 Shares July 6, 2020, 2:18 pm 770 Shares July 6, 2020, 9:52 am 490 Shares June 22, 2020, 9:46 am Leave a Reply

Plans underway to establish State Bank: Treasury - Breaking news, special reports, world, business, sport coverage of all So

Plans underway to establish State Bank: Treasury 7 July 2020, 2:58 PM | SABC | @SABCNews Image: SABC News Treasury Director-General Dondo Mogajane. The National Treasury says plans are underway for the establishment of the State Bank. Treasury was briefing a joint meeting of the Finance committees of both the National Assembly and the National Council of Provinces on its annual performance. In the State of Nation Address, President Cyril Ramaphosa confirmed that the government was set to establish the Sovereign Wealth Fund and the State Bank. Ramaphosa also said he supports the establishment of additional banks in South Africa that would focus on offering services to people living in the townships. The President said he would like to see a bank that also focuses on small and medium enterprises, which are key to the financial welfare of the country. In the video below, SACP welcomes President Cyril Ramaphosa&rsquo;s decision to develop a Sovereign Wealth Fund and a State Bank. Treasury Director-General Dondo Mogajane says a preliminary report on the establishment of the State Bank has been finalised and will be presented to Cabinet. "Work has been done. A preliminary report done by our G-tech, which is a subsidiary of Treasury, has been completed to inform us of the options that are available for us as we move towards finalisation of the establishment of the State Bank. So the next step is for it to go to Cabinet for preliminary thoughts on what we think we have or ideal what it will be like. Challenges In February, an economist at Old Mutual Investment, Johann Els, said it will be extremely difficult for the government to find capital for the establishment of a State Bank and funds for starting a sovereign wealth fund. Els said the government has too many financial problems to deal with for it to successfully establish the two entities. "On the other part, Eskom&rsquo;s problems remain unresolved, calls for free education. We would have done a whole lot better than where we actuall

Game stores set to cut around 1 800 jobs due to massive financial losses

Game stores set to cut around 1 800 jobs due to massive financial losses By Tumblr The South African Commercial Catering and Allied Workers Union (SACCAWU) has received a letter from Walmart-owned retailer Massmart - which owns Game stores in South Africa - notifying them that they are set to try and cut 1 800 jobs from their roster. The group have said that despite numerous interventions that aimed to mitigate the enormous losses of R675 million reported in December 2019, job cuts remain an unfortunate necessity. GAME CONTRIBUTING TO MASSIVE MASSMART FINANCIAL LOSSES The group said in a letter to shareholders on Tuesday 7 July that the financial losses currently being suffered by the group, which also owns Makro, Dion Wired, Builders Warehouse and Masscash, continued to necessitate hard decisions. "You will be aware that mass discounters has under performed for a number of years, the group said. "As recently as December 2019, Mass discounters recorded a financial loss of R675 million, of which the loss attributed to Game was R572 million. This has impacted negatively on our overall Group performance and was a significant contributor to the operating loss that Massmart announced in March 2020. Game has implemented the following strategies in an effort to return the business to a profitable status: Implementing a new customer focused group operating model; delaying investment in certain projects; negotiating lower store rentals; improving supplier payment arrangements; and reducing expenditure. JOB CUTS &lsquo;NOT WHAT ANY OF US WOULD PREFER&rsquo; The group said that while these actions have "delivered value that has stabilised and improved the overall health and prospects of our business, more still needs to be done, meaning that now 1 800 jobs are on the line as the group begins formal consultations with organised labour. "The Game Section 189 announcement is focused on proposing a more resilient store-operating model that we believe will contribute significantly to returning the

18 Eastern Cape state-owned facilities to be converted into field hospitals - Breaking news, special reports, world, busines

18 Eastern Cape state-owned facilities to be converted into field hospitals 7 July 2020, 1:27 PM | SABC | @tshepimoche Image: SABC News [File Image] Premier Oscar Mabuyane announced early in June that the provincial government had asked that the alcohol ban be reimposed in the province. Eastern Cape Premier Oscar Mabuyane has announced a community-based strategy to fight the spread of coronavirus in the province. Infections have been soaring in the Eastern Cape in recent days. The provincial government has identified 87 wards in four hotspot areas that require urgent intervention. The province currently has the third highest number of infections in the country with more than 30 000 confirmed COVID-19 cases and 528 deaths. Mabuyane says there has been some progress in other parts of the province where they have implemented some of their strategies. "We have taken a decision to convert 18 state owned facilities like schools, hostel, museums, nursing colleges and training centres in all the districts and metropolitan municipal areas of our province into field hospitals to give us additional 2080 beds. "This includes 280 ICU beds we plan to have these field hospital ready very soon, so that we are able to accommodate more people who will need hospitalisation, explains Mabuyane. Mabuyane has urged community members to stay home and observe all COVID-19 regulations to help reduce the number of positive cases in the province. The Premier has also paid tribute to the late MEC for Cooperative Governance, Human Settlements and Traditional Affairs in North West, Gordon Kegakilwe. Kegakilwe died of COVID-19 related complications . In the video below, is Mabuyane's briefing: SANDF members deployed to Eastern Cape Mabuyane has also thanked President Cyril Ramaphosa for sending members of the South African National Defence Force (SANDF) to the province. Military healthcare practitioners will boost the provincial government's COVID-19 containment and mitigation strategy. The SANDF says the members deploye

assmart warns up to 1 800 Game employees could be retrenched

Massmart warns up to 1 800 Game employees could be retrenched 7th July 2020 BY: Simone Liedtke Writer Retail firm Massmart has started consultations with organized labour and other relevant stakeholders, with respect to the possible retrenchment of up to 1 800 employees in its Game stores in South Africa. The consultation process forms part of the firm's opportunities assessment to improve Game store efficiencies in the country. Advertisement For more information on this article, please make use of the Article Enquiry Service, by clicking here

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes By Ernest Mabuza - 07 July 2020 The Competition Tribunal says Dis-Chem's massive price increases of surgical masks were "utterly unreasonable and reprehensible." Image: Picture: FINANCIAL MAIL The Competition Tribunal has fined Dis-Chem Pharmacies R1.2m after finding the company guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. In its order and reasons, the tribunal found that Dis-Chem contravened the Competition Act in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The tribunal's reasons will be available publicly in due course. The latest Covid-19 coronavirus coverage On April 23, the Competition Commission referred a complaint against Dis-Chem to the tribunal. The complaint alleged that Dis-Chem had contravened section 8(1)(a) of the Competition Act, read with regulation 4 of the Consumer and Customer Protection and National Disaster Management Regulations and Directions. The commission claimed that in March 2020, Dis-Chem engaged in excessive pricing of surgical masks which are essential items in the fight against Covid-19. Dis-Chem denied the commission's claims. The tribunal heard the matter on an urgent basis via video conferencing in early May this year. In its findings, the tribunal said the commission had established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that SA's first Covid-19 case was announced in March. The tribunal also found the commission has shown a case of excessive pricing in relation to the three types of face masks. It found that Dis-Chem failed to show that its price increases were reasonable. "In our view, Dis-Chem's massive price increases of surgical masks during the complaint period, which c

Imperial retreats - Cape Business News

Cape Business News 2 Germiston Trucks PAARL-based Imperial Cargo Solutions - a subsidiary of JSE-listed mobility giant Imperial Logistics - is contemplating the closure of two of its key operations. A letter from Imperial Cargo MD Steven Smith to staff - seen by CBN - said the company had no choice but commence with a formal consultation process which could lead to the closure of the general freight and line-haul operations. Imperial Cargo was established in 1997 with the amalgamation of several Imperial companies - including Heavy Transport, Long Distance, Normans and Highway Carriers. It specialises in moving general freight across South Africa, Namibia, Lesotho, Botswana and Swaziland as well as managing several warehouses. Key clients include Consol Glass, liquor giant Distell, Goodyear, Nampak, Pioneer Foods, Tongaat and Columbus Stainless Steel. The company has depots in Paarl, Bellville, Worcester, Port Elizabeth and Alrode. Smith despaired: "The unfortunate reality is that each and every investigation and analysis conducted by us in the past number of months has concluded that Imperial Cargo is unable to generate sustainable profits and returns in general freight and line-haul operations. In fact, all analysis has concluded that the general freight and line-haul operations has and will continue to generate losses and negative returns, destroying shareholder value. Smith added that these investigations had further concluded that Imperial Cargo was unable to compete with smaller and medium size low cost operators in the general freight and line-haul market. He said the emergence of digital freight exchanges and platforms enables large clients to manage multiple smaller operators. "This enables them to drive rates, which Imperial Cargo is unable to operate profitably at, even further down. Smith said the impact of the COVID-19 pandemic had materially damaged the future prospects of any financial turnaround of the general freight and line-haul operations. These operations, he noted, we

Gauteng: One critical another injured in N1 crash

Gauteng: One critical another injured in N1 crash 07 July 2020 | From Arrive Alive Gauteng: At 10H33 Tuesday morning Netcare 911 responded to reports of a collision on the N1 North near Beyers Naude in Randpark Ridge. Reports from the scene indicate that a car had struck down a female occupant who was busy examining her bakkie that had a flat tyre. The patient had sustained critical injuries and was treated on scene by Advanced Life support paramedics. A second person from the bakkie had sustained moderate injuries. Both patients were treated on the scene and once stabilised were transported by ambulance to the hospital for further treatment. - Arrive Alive (@_ArriveAlive) July 7, 2020 Share This Page Taxi and bakkie collision leaves five injured in Roodepoort... 07 Jul 2020 | From Arrive Alive Five people were left injured this morning when a bakkie crashed into the side of a taxi on Albertina Sisulu Road in Roodepoort. ER24 paramedics arrived on the scene at 06h06 to find both vehicles parked in the middle of the road. Several people were found walking around on the scene. Medics assessed A hiker was airlifted by AMS to Vincent Palotti Hospital, after falling and sustaining serious injuries... 07 Jul 2020 | From Arrive Alive AMS conducted a rescue with the Western Cape Department of Health EMS/AMS rescue helicopter in the Helderberg region. A male hiker was airlifted to Vincent Palotti Hospital, after falling and sustaining injuries. Local authorities were on the scene for investigations. Images courtesy Kevin Tromp Two in a critical condition after a head-on collision on the N11 in Elandslaagte... 07 Jul 2020 | From Arrive Alive Two men were left critically injured on Sunday evening when a light motor vehicle and a bakkie collided head-on on the N11 in Elandslaagte, KwaZulu Natal. ER24 paramedics, along with other services, arrived on the scene at 20h50 to find the bakkie on its roof on the side of the road while the light Two bodies found lying in a veld in Brandwag... 07 Jul 2020 | Fr

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes - GO! &

The Competition Tribunal says Dis-Chem's massive price increases of surgical masks were "utterly unreasonable and reprehensible. Image: Picture: FINANCIAL MAIL The Competition Tribunal has fined Dis-Chem Pharmacies R1.2m after finding the company guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. In its order and reasons, the tribunal found that Dis-Chem contravened the Competition Act in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The tribunal's reasons will be available publicly in due course. On April 23, the Competition Commission referred a complaint against Dis-Chem to the tribunal. The complaint alleged that Dis-Chem had contravened section 8(1)(a) of the Competition Act, read with regulation 4 of the Consumer and Customer Protection and National Disaster Management Regulations and Directions. The commission claimed that in March 2020, Dis-Chem engaged in excessive pricing of surgical masks which are essential items in the fight against Covid-19. Dis-Chem denied the commission's claims. The tribunal heard the matter on an urgent basis via video conferencing in early May this year. In its findings, the tribunal said the commission had established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that SA's first Covid-19 case was announced in March. The tribunal also found the commission has shown a case of excessive pricing in relation to the three types of face masks. It found that Dis-Chem failed to show that its price increases were reasonable. "In our view, Dis-Chem's massive price increases of surgical masks during the complaint period, which constitute an essential component of life-saving first-line protection in a pandemic of seismic proportions, without any significant increases in c

South Africa: WP Rugby's Future On the Line in Newlands Saga

South Africa South Africa: WP Rugby's Future On the Line in Newlands Saga 6 July 2020 opinion By Craig Ray So, the deal is done. The line in the sand is drawn. WPRFU president Zelt Marais will either go down in history as the man who turned the once-great union into a roaring success and have a statue built in his honour. Or he will be the villain who destroyed a legacy. There appears to be no middle ground. Over the past three weeks WPRFU president Zelt Marais lobbied and convinced the union's council, made up of 80-odd clubs, to follow his "New Deal" with a little known property developer called Flyt (who were previously known as Any Side) and turn away from an agreed deal with Investec Property Fund. Marais has backed the small guy over the big player. The Investec Property Fund in South Africa lists 98 properties and has a value of R16.9-billion. That excludes many overseas investments. The Flyt 12J Fund, according to its website, has a value of approximately R150-million in "select", "partnership" and "hospitality" funds. Flyt's value is 100 times smaller than Investec's. It took more than a year for Investec and the WPRFU to reach agreement as there was careful due diligence carried out by both parties. Marais, who became president midway through...

A hiker was airlifted by AMS to Vincent Palotti Hospital, after falling and sustaining serious injuries

A hiker was airlifted by AMS to Vincent Palotti Hospital, after falling and sustaining serious injuries 07 July 2020 | From Arrive Alive AMS conducted a rescue with the Western Cape Department of Health EMS/AMS rescue helicopter in the Helderberg region. A male hiker was airlifted to Vincent Palotti Hospital, after falling and sustaining injuries. Local authorities were on the scene for investigations. Images courtesy Kevin Tromp &amp; Dr. Juhan Jordaan. A hiker was airlifted by AMS to Vincent Palotti Hospital, after falling and sustaining serious injuries https://t.co/CDXl2Cv78D #ArriveAlive #Hiker @AIRMERCYSERVICE pic.twitter.com/ViXatSIJYl - Arrive Alive (@_ArriveAlive) July 7, 2020 Share This Page Taxi and bakkie collision leaves five injured in Roodepoort... 07 Jul 2020 | From Arrive Alive Five people were left injured this morning when a bakkie crashed into the side of a taxi on Albertina Sisulu Road in Roodepoort. ER24 paramedics arrived on the scene at 06h06 to find both vehicles parked in the middle of the road. Several people were found walking around on the scene. Medics assessed Two in a critical condition after a head-on collision on the N11 in Elandslaagte... 07 Jul 2020 | From Arrive Alive Two men were left critically injured on Sunday evening when a light motor vehicle and a bakkie collided head-on on the N11 in Elandslaagte, KwaZulu Natal. ER24 paramedics, along with other services, arrived on the scene at 20h50 to find the bakkie on its roof on the side of the road while the light Two bodies found lying in a veld in Brandwag... 07 Jul 2020 | From Arrive Alive The bodies of two men were found this morning in a veld near the military base in Brandwag, Bloemfontein. ER24 paramedics were called to the scene by the local authorities. On arrival, medics found the body of a man lying some distance in the veld. Unfortunately, the man had been dead for some Fire and burn safety... 07 Jul 2020 | From Arrive Alive In the cold winter weather, the risk of injury from fire signific

NAFCOC EC Distances Itself From The Newly Launcjed EC Business Council, It's Structures And Programmes

NAFCOC EC Distances Itself From The Newly Launcjed EC Business Council, It's Structures And Programmes 7th July 2020 The National African Federated Chamber of Commerce and industry Eastern Cape (NAFCOC EC) has noted with concern the purported election and the launch of the Eastern Cape Business Council (ECBC), a body which is supposed to partner with government and other stakeholders in developing the economy and infrastructure of the province. Perhaps it is worth stating that NAFCOC was the initiator of the establishment of ECBC and was part and parcel in the preparatory talks and engagement with government in convincing it to understand the importance of one united voice for business in the Province. NAFCOC was also part and parcel of the interim ECBC leadership structure. Advertisement But in the last few months, especially during the advent of the novel COVID-19 epidemic, a new culture in the ECBC began to take root where questionable decisions and resolutions were taken in virtual meetings and that culminated in the election process without NAFCOC. Mr Pumzile Ndendela, NAFCOC EC Provincial Chairperson, said: "We have written to the Eastern Cape Premier Mr Oscar Mabuyane and the Acting MEC for DEDEAT MEC N Meth telling them about our displeasure and this was the response from the office of the Premier: &lsquo;The Hon Premier has noted with concern, prevailing organizational dynamics that seemingly face the ECBC currently. The Premier thus is requesting that the ECBC ensures that before officially launching it works out all outstanding matters so as to enable the council to function properly. It is against this background that the Premier will no longer be available to address the launch. We hope that the ECBC will resolve all outstanding organizational matters&rsquo;. Advertisement Mr Ndendela added: "We were surprised to read media report (on 3rd July 2020) to the effect that there is new ECBC leadership and NAFCOC is part of it, which was not true. In the evening of the same

Welcome to Trade Intelligence

"Best industry training in the market. A logical approach to retailers in South Africa." Demand Planning and Strategy Manager "Very impressed. Very insightful and relevant to my current position." Trade Development Manager "Excellent presentation taking theory to practical, really appreciated the international examples." Key Account Manager "Best industry training in the market. A logical approach to retailers in South Africa." Demand Planning and Strategy Manager "Great course, giving us all time to take a step back and see where we are at as a business and plan our way forward with our customers." Key Account Manager | Premier FMCG "A clear &lsquo;situation-analysis' of our Customers' current and expected trading reality and the implications for our business." Customer Executive "This programme has given me a practical, simple template that I understand. I came out with a working tool which doesn&rsquo;t just sit on my shelf." Account Manager | Adcock Ingram "Excellent presentation taking theory to practical, really appreciated the international examples." Key Account Manager | Premier FMCG "Great course, giving us all time to take a step back and see where we are at as a business and plan our way forward with our customers." Key Account Manager | Premier FMCG "My shelves are not elastic. I need suppliers who think not only about their brands, but about the growth and profitability of my category when they bring me new products." Merchandise Executive - Grocery Retailer "Great workshop! Hope we have a follow up during the year so we can sink our teeth into this area more." - Brand Manager - RCL FOODS "Valuable learning about our retailers- they are the gatekeeper to our shopper." - Marketing Director - FMCG Manufacturer "An informative, educational and fun workshop. Workshop gave a number of different views and also brought high quality information. Very well facilitated and conversation guided and probed." - Divisional Sales Manager "Great interaction with group. Excellent insig

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes

Talk of the Town Dis-Chem ordered to pay R1.2m fine for ‘reprehensible' mask price hikes By The Competition Tribunal says Dis-Chem's massive price increases of surgical masks were "utterly unreasonable and reprehensible. Image: Picture: FINANCIAL MAIL The Competition Tribunal has fined Dis-Chem Pharmacies R1.2m after finding the company guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. In its order and reasons, the tribunal found that Dis-Chem contravened the Competition Act in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The tribunal's reasons will be available publicly in due course. On April 23, the Competition Commission referred a complaint against Dis-Chem to the tribunal. The complaint alleged that Dis-Chem had contravened section 8(1)(a) of the Competition Act, read with regulation 4 of the Consumer and Customer Protection and National Disaster Management Regulations and Directions. The commission claimed that in March 2020, Dis-Chem engaged in excessive pricing of surgical masks which are essential items in the fight against Covid-19. Dis-Chem denied the commission's claims. The tribunal heard the matter on an urgent basis via video conferencing in early May this year. In its findings, the tribunal said the commission had established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that SA's first Covid-19 case was announced in March. The tribunal also found the commission has shown a case of excessive pricing in relation to the three types of face masks. It found that Dis-Chem failed to show that its price increases were reasonable. "In our view, Dis-Chem's massive price increases of surgical masks during the complaint period, which constitute an essential component of life-saving firs

Golden Arrow still on target - Cape Business News

Cape Business News Golden Arrow still on target July 7, 2020 1 Golden Arrow ICONIC Cape Town bus service operator Golden Arrow - which is part of the Hosken Passenger Logistics and Rail group (HPLR) - has not been stalled by the debilitating effects of a stagnant economy as well as the early close of schools and the COVID-19 lockdown in March. HPLR CEO Francois Meyer said in the year to end March overall passenger volumes showed only a relatively marginal decline. "This was in part mitigated by the uptake of commuters from the dysfunctional rail service and the contraction of the MyCiTi service. He stressed management&rsquo;s philosophy to be obsessed with the quality of service and ruthless in finding efficiencies continued to have a positive effect on results. Meyer specifically highlighted that the innovative utilisation of information stemming from Golden arrow&rsquo;s Automated Fare Collection system enhanced the efficient utilisation of assets. He added that the installation of fuel saving electronics on buses yielded positive results on fuel consumption. Positive returns on energy saving initiatives were also realised, Meyer, noted, after the first phase of solar installations. Interestingly, Golden Arrow is now testing the feasibility of using electrically powered vehicles under current operating conditions. Meyer said that during the new financial year, the focus of HLPR would be on effectively navigating its companies through the COVID-19 pandemic. He said the group&rsquo;s bus services had been designated as essential services during the lockdown period - and all companies, except for Eljosa Travel and Tours, had been able to operate limited bus services during the lockdown. "This will present both challenges and opportunities as operations will have to be adjusted commensurate with demand and the alignment to regulations. In the year to end March, HLPR - which earns the bulk of its keep from Golden Arrow - increased group profit 7% to R263 million. Revenue was drive

Nigeria: Black Lives Matter - Time for Black People to Wake and Unite

Nigeria Nigeria: Black Lives Matter - Time for Black People to Wake and Unite 6 July 2020 opinion By Last Moyo Yola - As a political and epistemic project, decolonisation is a worldview about the continued necessity of our collective struggles for the freedom of black people in a white neoliberal world. It is about the Pan-African vision and struggle to rehumanise the so-called people of colour, particularly blacks, who have suffered dehumanisation through slavery, colonialism, and free market fundamentalism. Until the black man learns his lessons, let him carry his cross and wallow in his misery. In view of the unabating lynching of the black men in the United States of America (U.S.A), I may appear as brutally insensitive to the plight of black people. No. I am just being brutally honest. I think the endless lynching of black people in U.S. is a wakeup call to all black people around the world. All over the world, black people are fast asleep in every sense of the word. In Africa and its Diasporas like the U.K., and the Caribbean, the transnational solidarities and intergenerational mandate for the pursuit of black emancipation as a life time commitment have been abandoned. The freedom of the black race is no longer a priority of the black elite in Africa, and the black civil rights movement in the Western world. Revolutionary and selfless leadership have become old-fashioned. Everywhere, blacks have abdicated the virtue of revolutionary struggle in favour of social activism that draws inspiration and validation from the very neoliberal and supremacist structures that oppress them. The tragedy of it all is that blacks think that they can subcontract their struggles to the neoliberal project that they see as a new conduit for delivering their freedoms. Black people's mental and cultural universes continue to be colonised by Eurocentrism and consumerism. Some of our academics now even argue that consumerism is a space where we can assert and express our democracy and freedoms. This is not

Taxi and bakkie collision leaves five injured in Roodepoort

Taxi and bakkie collision leaves five injured in Roodepoort 07 July 2020 | From Arrive Alive Five people were left injured this morning when a bakkie crashed into the side of a taxi on Albertina Sisulu Road in Roodepoort. ER24 paramedics arrived on the scene at 06h06 to find both vehicles parked in the middle of the road. Several people were found walking around on the scene. Medics assessed the patients and found that four people had sustained moderate injuries while a fifth patient had sustained serious injuries. The patients were treated for their injuries and the seriously injured provided with pain-relief medication before they were transported to nearby hospitals for further care. Local authorities were on the scene for further investigations. Share This Page A hiker was airlifted by AMS to Vincent Palotti Hospital, after falling and sustaining serious injuries... 07 Jul 2020 | From Arrive Alive AMS conducted a rescue with the Western Cape Department of Health EMS/AMS rescue helicopter in the Helderberg region. A male hiker was airlifted to Vincent Palotti Hospital, after falling and sustaining injuries. Local authorities were on the scene for investigations. Images courtesy Kevin Tromp Two in a critical condition after a head-on collision on the N11 in Elandslaagte... 07 Jul 2020 | From Arrive Alive Two men were left critically injured on Sunday evening when a light motor vehicle and a bakkie collided head-on on the N11 in Elandslaagte, KwaZulu Natal. ER24 paramedics, along with other services, arrived on the scene at 20h50 to find the bakkie on its roof on the side of the road while the light Two bodies found lying in a veld in Brandwag... 07 Jul 2020 | From Arrive Alive The bodies of two men were found this morning in a veld near the military base in Brandwag, Bloemfontein. ER24 paramedics were called to the scene by the local authorities. On arrival, medics found the body of a man lying some distance in the veld. Unfortunately, the man had been dead for some Fire and burn safety.

Breaking: Buhari suspends Magu as EFCC boss

July 7, 2020 Admin5 News 0 Spread the love The President, Major General Muhammadu Buhari (retd.), has suspended the acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, The PUNCH can reports. Buhari had earlier set up a presidential panel headed by Justice Ayo Salami to probe the various allegations leveled against the EFCC boss. The panel grilled Magu for hours on Monday at the Presidential Villa, Abuja before he was taken into police custody. A source privy to the investigation confirmed Magu&rsquo;s suspension to The PUNCH on Tuesday. The source said, "It is commonsensical that when an investigation of this nature is ongoing, you don&rsquo;t allow the person being investigated to keep the keys of the office for which he is being investigated. "This is because if he keeps the keys, there can be a kind of tampering with documents or evidence. "It is not logical and it is even undemocratic to allow such to happen. The Presidency has yet to issue a formal statement on the issue as of the time of filing this report. The presidential panel has however resumed sitting at the Presidential Villa, Abuja. (Punch)

Malawi: ACB Probes 'Zameer's Business Partner' Nurmahomed Over Escom K3bn Bulbs Deal, Sable Farming

Malawi Malawi: ACB Probes 'Zameer's Business Partner' Nurmahomed Over Escom K3bn Bulbs Deal, Sable Farming 6 July 2020 Nyasa Times (Leeds) The Anti-Corruption Bureau (ACB) is launching investigating against Asian businessman Ahmed Osman Nurmahomed over reports that Electricity Supply Corporation of Malawi (Escom) spent $3,288,750.00 which is about K2, 450,118,750.00 purchasing Light Emitting Diode (Led) bulbs from his company few days before the fresh presidential elections. Nurmahomed is also being investigated in connection to the purchase of Sable Framing at Mapanga in Blantyre at K1.5 billion and is now called Africa Farming. The business man is reported to have obtained a loan through his offshore company Lillypeck Dubai LLC from the Escon deak through Reserve Bank of Malawi to pursace the Sable Farming. He is also going to be quizzed overK2 billion deal at Energy Generation Company (Egenco), the company established to generate power, for ABB products. Whitsle-blowers have alerted law enforcing agencies that Ahmed Osman is a partner representing businessperson Zameer Karim trading as Pioneer Investments who is facing money laundering and other charges contrary to Section 25 b (1) of the Corrupt Practices Act. Karim deposited the K145 million in the Democratic Progressive Party (DPP) bank account at Standard Bank, whose sole signatory was immediate past president Peter Mutharika. ACB found that Mutharika did not personally benefit from the K145 million deposited in the DPP bank account but that decision is facing review. Meanwhile, ACB is following up on Osman Nurmahommed contract of leb bulbs worth $4,385,000.00, which is about K3,266,825,000.00 billion awarded to his Lilyeck General Trading LLC and Teligenta Limited companies based in Dubai and Mauritius respectively. invoices from Teligenta Limited and Lilypeck General Trading LLC indicate that Teligenta will supply 290,000 bulbs while Lilypeck will supply 125,000 bulbs. All invoices indicate that the terms of payment are 25 percent

No plans to shut down any Game stores - Massmart

No plans to shut down any Game stores - Massmart Bradley Prior 7 July 2020 Subscribe Massmart has confirmed to MyBroadband that it has no plans to shut down any of its Game stores. This follow&rsquo;s the recent announcement that Massmart has entered into consultation over the cutting of 1,800 Game jobs. Alongside this, Game also said there would be no impact on its product range or on the ability of these stores to service former Dion Wired customers. "We are determined to restore [Game] to full profitability, said Massmart. "We have already implemented a number of actions that have begun to deliver value and that are improving our financial performance. Massmart said that these actions have included the following: Improving assortment coherence. Increasing Massmart group private brand exposure in Game, for example Powerworx. Removing our fresh proposition. Implementing new categories, such as clothing essentials. Aggressively reducing Cost of Goods Sold (COGS). Financial struggles at Game Massmart said that there are two causes behind the possible job cuts at Game. Firstly, it said that Game had performed poorly over the 2019 financial year. This was compounded by the negative impact of the COVID-19 trading restrictions on its in-store sales. "As a result, we are proposing a more resilient store operating model that will contribute to improving the performance of our Game stores in South Africa, said Massmart. "To this end, the proposal is focussed upon store role responsibilities and will not result in the closure of any Game stores. 1,800 jobs could be cut The 1,800 Game store employees that could be retrenched due to the implementation of this new store model comprise about 3% of Massmart&rsquo;s total workforce. However, Massmart said it aims to minimize potential job losses that might result from the consultation process. "We recognise that this is an exceptionally difficult process, especially for those associates who are potentially affected, said Massmart CEO Mitchell Sla

Tribunal slaps Dis-Chem with R1.2m fine for inflating face mask prices

Tribunal slaps Dis-Chem with R1.2m fine for inflating face mask prices By Twitter The Competition Tribunal concluded that Dis-Chem Pharmacy had engaged in excessive pricing to the detriment of consumers THE COMPETITION Tribunal has slapped Dis-Chem Pharmacies with an R1.2 million administrative penalty for charging excessive prices for surgical face masks during the Covid-19 pandemic. The Tribunal said that Dis-Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks - SFM 50, SFM 5 and Folio50 - to the detriment of consumers during March. The Competition Commission accused Dis-Chem of abusing its dominance and charging excessive prices for surgical masks to the detriment of customers and consumers. Dis-Chem denied the commission's claims. The commission charged that Dis-Chem had hiked the price of surgical face masks by up to 261 percent The tribunal on Tuesday concluded that the commission had shown that Dis-Chem had engaged in excessive pricing to the detriment of consumers. The tribunal said material price increases of between 47 percent to 261 percent without corresponding increases in costs of any goods in a country such as South Africa with a long history of economic exclusion and deep inequality would seriously affect the public interest adversely. "Material price increases of surgical masks, without corresponding costs justifications, in the context of Covid-19 for which there is no discernible cure and where health services are skewed towards the wealthy, would seriously impact vulnerable and poorer consumers even more. Poorer customers would have been excluded from accessing the masks by such exorbitant increases; other customers would have spent more on these items as a percentage of their disposable income, said the tribunal. - Business Report

Tongaat se styselafdeling mag verkoop, maar sal dit?

Tongaat se styselafdeling mag verkoop, maar sal dit? Tongaat Hulett het toestemming van die mededingingstribunaal gekry om sy styselafdeling aan Barloworld te verkoop, maar laasgenoemde twyfel steeds of dit nog die geld werd is. Ekonomie Suid-Afrikaners is nou byna net so swartgallig as wat hulle in 1985 was - &rsquo;n jaar gekenmerk deur "gewelddadige opstande teen apartheid, &rsquo;n gedeeltelike noodtoestand, PW Botha se berugte Rubicon-toespraak, en Suid-Afrika se skuldkrisis. Maatskappye Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy s&oacute; ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed &rsquo;n Gewone aanlyn vertoning is vir Margit Meyer-R&ouml;denbeck geensins bevredigend nie. Elke produksie moet spesiaal hanteer word en &rsquo;n eie karakter gegee word - en daarvoor gaan sy uit haar pad. Musiek &rsquo;n Suid-Afrikaanse operasanger het die w&ecirc;reld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. D&iacute;s beslis goeie nuus!. Boeke Lees elke dag saam aan die vervolgverhaal, Tussen die klippe, deur Hans du Plessis. Leef Op en Af Netwerk24 se blitsreeks, Op en Af, is &rsquo;n komedie en volg die lewe van drie paartjies wat in dieselfde woonstelblok in Kaapstad woon. Op die oog af lyk almal baie gelukkig, maar agter toe deure klop al drie paartjies by &rsquo;n aanlyn huweliksberader aan. Netwerk24TV Blitsbrein Junior VIA

Public urged to help stop cellphone tower batter theft after Gauteng syndicate nabbed in KZN

Durban Cellphone network operator MTN welcomed the arrest of two men who were allegedly caught stealing stealing back up batteries at one of its towers located in Verulam on Tuesday and called on the public to play their part in ending the scourge of battery theft that leaves thousands of people with no connection. Jacqui O Sullivan Executive for Corporate Affairs at MTN South Africa said despite a fall in the number of cell tower battery theft incidences towards the end of 2019 increased incidences of theft and damage early in 2020 shows the battle is far from over. Over 200 network infrastructure vandalism were reported in May alone and this is adding additional strain on networks. Gauteng is still the hotspot province for these syndicate particularly Soweto Mamelodi Vosloorus &amp;quot;The installation of high tech security measures and more on the ground security initiated last year seemingly decreased theft and vandalism incidents but the current trends indicate that syndicates are only getting more brazen in trying to regain the ground they lost &amp;quot; O Sullivan said. The reality is criminal syndicates are finding ways around the security measures and this has again raised the bar for the industry and the public working hand in hand with law enforcement and security companies to work even harder to fight back. O Sullivan said all national cellular networks remain under increasing pressure to improve recoveries and reduce theft as the knock on effects will become more severe if left unchecked. O Sullivan said greater community involvement and awareness can make an immense difference. People need to look out for batteries that have any markings or may look used and doesn t physically come out of a sealed box then it could be stolen. Criminals often also look to sell these stolen batteries on social media platforms like Facebook and to individuals in and around their communities. &amp;quot;A broader initiative needs to be driven by communities the private sector police

Bill Gates-backed company to hunt for cobalt near Glencore mine

Bill Gates-backed company to hunt for cobalt near Glencore mine 7th July 2020 BY: Bloomberg A startup backed by a group of tycoons including Bill Gates plans to use data-crunching algorithms to search for cobalt near a Canadian nickel mine owned by Glencore. Kobold Metals has acquired rights to an area of about 1 000 km2 -- roughly the size of New York City -- in northern Quebec, according to CEO Kurt House. It&rsquo;s the first such foray by the company to become public. Advertisement San Francisco Bay Area-based Kobold Metals is hoping to use data analytics to build a "Google Maps for the earth&rsquo;s crust. The company is betting it can find metals crucial to the electric-vehicle revolution, such as cobalt, that so far have eluded more traditionally-minded geologists. House said the company&rsquo;s exploration activities at the site in Quebec could help prove the value of its approach. Advertisement "The subtleties in the geophysical signals are really only evident when you have all of the data and can evaluate it in a systematic, statistically rigorous way, he said. "It&rsquo;s just too much for the human brain to handle. He said that the company was likely to start collecting geophysical data in the next three to six months, and could start drilling in a couple of years. The area, just south of Glencore&rsquo;s Raglan nickel mine, is "highly prospective for cobalt, nickel and platinum-group metals, House said. Shareholders of Kobold Metals include Silicon Valley venture capital firm Andreessen Horowitz, Norwegian oil major Equinor and Breakthrough Energy Ventures, a fund backed by Gates and a dozen other tycoons including Jeff Bezos, Ray Dalio and Michael Bloomberg, owner of Bloomberg, the parent company of Bloomberg News. House said exploration in Quebec was one of a number of activities that Kobold Metals was pursuing, including forging partnerships with mining companies to help identify ways to expand their existing resources. EDITED BY: Bloomberg

Egypt, France, Germany, Jordan warn Israel on annexation - Breaking news, special reports, world, business, sport coverage o

Egypt, France, Germany, Jordan warn Israel on annexation 7 July 2020, 2:47 PM | Reuters | @SABCNews Image: Reuters The Palestinian Authority, which wants the West Bank for a future Palestinian state, opposes the move. Egypt, France, Germany and Jordan warned Israel on Tuesday against annexing parts of the Palestinian territories, saying that doing so could have consequences for bilateral relations. In a statement distributed by the German Foreign Ministry, the countries, which include two of Israel's leading partners in the Middle East, said their foreign ministers had discussed how to restart talks between Israel and the Palestinian Authority. They, along with most other European countries, oppose Israeli plans that envisage annexing parts of the occupied West Bank as part of a deal being promoted by US President Donald Trump's administration. The Palestinian Authority, which wants the West Bank for a future Palestinian state, opposes the move. The United States has yet to give its approval to the annexation plans. "We concur that any annexation of Palestinian territories occupied in 1967 would be a violation of international law and imperil the foundations of the peace process, the European and Middle Eastern foreign ministers said after their video conference. "We would not recognize any changes to the 1967 borders that are not agreed by both parties in the conflict, they added. "It could also have consequences for the relationship with Israel. Israel declined to comment. But in a separate statement, Prime Minister Benjamin Netanyahu's office said he had told British Prime Minister Boris Johnson on Monday that he was committed to Trump's "realistic plan for the region. "Israel is prepared to conduct negotiations on the basis of President Trump's peace plan, which is both creative and realistic, and will not return to the failed formulas of the past, Netanyahu's statement said. This entry was posted on 07 Jul 2020,02:47PM at 2:47 PM and is filed under World . You can follow any responses

Keane own goal gives Spurs win over Everton - Breaking news, special reports, world, business, sport coverage of all South A

Keane own goal gives Spurs win over Everton 7 July 2020, 2:28 PM | Reuters | @SABCNews Image: Reuters Everton's Michael Keane scores an own goal and the first goal for Tottenham Hotspur, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19). An own goal by Michael Keane proved the difference as Tottenham Hotspur beat visitors Everton 1-0 in a dour clash on Monday to move up to eighth in the standings and hand manager Jose Mourinho a 200th Premier League win. Defeat would have dropped Spurs below the visitors into the bottom half of the table but they won fairly comfortably to stretch their unbeaten league run versus Everton to 15 games. Midfielder Giovani Lo Celso thought he had scored his first Premier League goal for Tottenham in the 23rd minute but his shot on the turn took a decisive deflection off Keane to leave keeper Jordan Pickford with no chance. Spurs keeper Hugo Lloris was hardly tested although he was involved in the night's flashpoint, having a furious row with team mate Son Heung-min as the players walked off at halftime. Tottenham have 48 points from 33 games, one behind Arsenal and nine adrift of fourth-placed Chelsea. Everton's first defeat since the resumption of the season left them 11th. Mourinho questioned his side's desire after a lacklustre 3-1 defeat by Sheffield United last week and there was nothing wrong with their application on Monday, even if it was hardly a performance to set the pulse racing. What he could not have envisaged, however, was the sight of Lloris and Son being held apart by team mates, shortly after Everton's Richarlison had gone close to an equaliser for Carlo Ancelotti's side. Lloris was clearly angry at Son not tracking back in the build-up for the Richarlison chance. All was well at the end though as they hugged. "What happened between me and Sonny is part of football sometimes. There's no problem. At the end of the game you could see we were more than happy, the Frenchman said. It at least provided

TRIBUNAL FINES DIS-CHEM R1.2 MILLION FOR EXCESSIVE PRICING OF FACE MASKS DURING COVID -19 PANDEMIC

TRIBUNAL FINES DIS-CHEM R1.2 MILLION FOR EXCESSIVE PRICING OF FACE MASKS DURING COVID-19 PANDEMIC 07 July 2020 The Competition Tribunal (the Tribunal) has found Dis-Chem Pharmacies Limited (Dis-Chem) guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. The Tribunal has also ordered that Dis-Chem is liable to pay an administrative penalty (a fine) of R1 200 000 (one million two hundred thousand rand). In its order and reasons, the Tribunal has found that Dis-Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The Tribunal's reasons will be available publicly in due course. Below, is a brief summary containing several excerpts: Covid-19 and economic context The Tribunal considered the background to the Covid-19 pandemic as the economic context in which Dis-Chem had increased its prices on three occasions. This included, among others, the fact that the virus was spreading globally and at an alarming rate: "Although the first case of Covid-19 in South Africa was only reported on 5 March and the National Disaster proclaimed on 15 March 2020, South Africans were already affected by the rampant spread of Covid-19 from January, with global supply chains being disrupted, international travel and events being cancelled. Fears of infection already started to influence consumer behaviour in January and February. It is common knowledge that the Covid-19 outbreak has led to an increase in global demand for personal protective equipment (PPE) of which surgical masks constitute an essential component. This increase in demand is reflected in the massive increases in Dis-Chem's own sales volumes from January onward. Market power According to the Tribunal, the Competition Commission (the Commission) has established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices

Pastoor in Durban langs kerk doodgeskiet

Pastoor in Durban langs kerk doodgeskiet &rsquo;n 41-jarige pastoor is Maandagaand in &rsquo;n sendingshuis langs die Anglikaanse kerk in Tongaat in Durban doodgeskiet. Misdaad Die lyke van twee mans, vermoedelik haweloses, is Dinsdagoggend vroeg in &rsquo;n oop stuk veld naby die Tempe-ingang in Bloemfontein gevind. Misdaad Vietnam kan laat in November steeds gasheer speel vir die eerste Formule Een-Grand Prix in die land. Rugby Nie net het die Blues die dienste van die opwindende Hoskins Sotutu behou nie, maar die jong Mark Telea het self sy kontrak met die Nieu-Seelandse Superrugby-span met twee jaar verleng. Atletiek Die kleinhandelgroep Massmart het aangekondig sowat 1 800 personeel by Game kan geraak word in &rsquo;n herstruktureringsproses wat begin is. Maatskappye Nog een van Suid-Afrika se groot banke gaan binnekort nie meer tjeks aanvaar nie. Maatskappye Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy s&oacute; ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed &rsquo;n Suid-Afrikaanse operasanger het die w&ecirc;reld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Ennio Morricone, een van die bekendste komponiste van rolprentmusiek, is op 6 Julie op 91-jarige leeftyd in &rsquo;n hospitaal in Rome oorlede. Hy het geval en &rsquo;n been gebreek waarna hy opgeneem is en &rsquo;n paar dae later dood is. Musiek Kyk: Emma huldig Van Gogh met eie weergawe van lied Die Kaapstadse sanger Emma van Heyn gee nuwe betekenis aan die liedjie "Starry Starry Night oor die kunstenaar Vincent van Gogh. Sy het in die psige van die kunstenaar ged

Dlamini resigns as Kumba director

Dlamini resigns as Kumba director 7th July 2020 BY: Donna Slater Creamer Media Staff Writer and Photographer Nonkululeko Dlamini, who has taken up the position of Transnet CFO, has resigned as nonexecutive director of iron-ore miner Kumba Iron Ore. Kumba chairperson Dr Mandla Gantsho thanks her for her "invaluable contribution to the board. Advertisement "She will be missed. On behalf of Kumba, I wish Nonkululeko the very best going forward. For more information on this article, please make use of the Article Enquiry Service, by clicking here

welcomes Minister Mchunu's commitment to take action against government officials doing business with the State

DA welcomes Minister Mchunu&rsquo;s commitment to take action against government officials doing business with the State Issued by Michele Clarke MP - Shadow Deputy Minister of Public Service and Administration 07 Jul 2020 in News The Democratic Alliance (DA) welcomes Public Service and Administration Minister Senzo Mchunu&rsquo;s commitment to take action against the 1 544 public service employees who are conducting business with the State. The DA has for years put pressure on the Department of Public Service and Administration (DPSA) to investigate these incidents. Not only is it morally bankrupt for public service employees to conduct business with the State, it is also a serious criminal offence, and those implicated should be held accountable according prescripts of the law. In a reply to a DA parliamentary question, Minister Mchunu confirmed that of these 1 544 public service employees doing business with the State, 1 111 were from provincial departments and 433 from national departments. The parliamentary reply also revealed that 309 senior governmental management officials at both provincial and national government departments have not adhered to Regulations 18 (1) and (2) of the Public Service Regulations 2016 by failing to disclose their financial interests annually by 30 April 2020. Minister Mchunu disclosed that of the 309 senior managers who were guilty of not adhering to the requirements of the Public Service Regulations, 243 worked in national departments, 14 in national government components and 52 within the provincial departments. It is worrisome that senior managers that should be setting an example within the departments simply treat these requirements with contempt. We call on the relevant departments to ensure that those individuals are held accountable, as they are not above the Public Service Regulations. The duty of a public servant is to care for the welfare of our communities and to ensure that services are delivered to the public - it is not to defraud t

South Africa deteriorates further into Gwara Gwara scenario, 2020 Indlulamithi National Barometer shows

...dy had when the health and economic crisis started, and which we must address to build a stronger, more resilient and more cohesive system through the crisis - and beyond. Which indicators moved from 2019 to result in this decline? One year is not a long time, and so most of the original 53 indicators remained the same. However, six indicators moved between scenarios - five down and one up: The return of national load shedding and the increase in severity to almost national blackouts in late 2019 and early 2020 demoted the power supply indicator from iSbhujwa to Gwara Gwara. A second state service delivery capacity indicator - the provision of water - was also demoted because almost a third of municipalities in the country were recorded as providing unreliable water supply to residents. An important indicator of pro-active government policy-making capacity - namely decisive progress on climate change policy - was demoted from Nayi le Walk to iSbhujwa, since progress on implementing the 2018/9 policy draft stalled. Finally, there was a positive shift in the indicator for youth representation in Parliament, moving from iSbhujwa to Nayi le Walk, since the 2019 national government elections resulted in 12% of MPs being under 35 years old compared to 6% in the previous administration. In terms of how people feel about the country and each other, the main change indicator related to land redistribution. Results from the 2019 South African Reconciliation Barometer by the IJR show that while 78% of Black respondents agree that land redistribution is necessary for reconciliation, only 46% of white respondents agree - a 36% different of opinion, which does not bode well for social cohesion. A second indicator, for public hope in the country&rsquo;s economic future, also slipped down one scenario into iSbhujwa since only 49% of citizens were optimistic about the year ahead - predominantly young black South Africans. The Provincial Barometer readings For the first time this year, Indlulamithi a

Minder huise kry krag in nuwe begroting

Minder huise kry krag in nuwe begroting Tot 43 000 minder huishoudings gaan in die lopende boekjaar aan die kragnetwerk gekoppel word nadat die departement van minerale bronne en energie sy begroting hiervoor met R1,5 miljard besnoei het. Landbou Tongaat Hulett het toestemming van die mededingingstribunaal gekry om sy styselafdeling aan Barloworld te verkoop, maar laasgenoemde twyfel steeds of dit nog die geld werd is. Ekonomie Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy s&oacute; ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed &rsquo;n Gewone aanlyn vertoning is vir Margit Meyer-R&ouml;denbeck geensins bevredigend nie. Elke produksie moet spesiaal hanteer word en &rsquo;n eie karakter gegee word - en daarvoor gaan sy uit haar pad. Musiek &rsquo;n Suid-Afrikaanse operasanger het die w&ecirc;reld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. D&iacute;s beslis goeie nuus!. Boeke Lees elke dag saam aan die vervolgverhaal, Tussen die klippe, deur Hans du Plessis. Leef Op en Af Netwerk24 se blitsreeks, Op en Af, is &rsquo;n komedie en volg die lewe van drie paartjies wat in dieselfde woonstelblok in Kaapstad woon. Op die oog af lyk almal baie gelukkig, maar agter toe deure klop al drie paartjies by &rsquo;n aanlyn huweliksberader aan. Netwerk24TV Blitsbrein Junior VIA se gewilde vasvraprogram Blitsbrein trek vanjaar &rsquo;n jonger baad

Game plans to cut up to 1,800 jobs

Game plans to cut up to 1,800 jobs Twitter Massmart has released a statement in which it said 1,800 Game employees are at risk of losing their jobs. The company said it has recently completed an assessment of how it can improve the efficiency of its Game stores. As a result of this assessment, it has begun a consultation process that could result in major job cuts. "Massmart advises shareholders that the group has commenced, with respect to its Game stores in South Africa, a consultation process in terms of section 189 and section 189A of the Labour Relations Act 66 of 1995, said Massmart. This section of the Labour Relations Act relates to retrenchments, and is forming the core of discussions with organised labour and other relevant stakeholders. "This process may potentially affect 1,800 employees in our Game stores in South Africa, said Massmart. It said that shareholders would be advised of the outcome of the consultation process. Massmart struggles This news follows the company closing all of its Dion Wired stores with immediate effect in March 2020. "All Dion Wired stores will cease trading at 18:00 on 19 March 2020. Online shopping on www.dionwired.co.za will close at 8:30 on 19 March 2020. But you can still get all your favourite brands at Game, said the Game website. This announcement followed a similar format to the one that has just been published regarding Game. "The Massmart Group has recently conducted a store optimisation project that highlighted a number of underperforming stores in its portfolio, Massmart said. "Consequent to this project, the Massmart Group seeks to advise shareholders that Massmart has commenced a potential store closure consultation process in terms of section 189 and section 189A of the Labour Relations Act. The official shuttering of these stores came two months after Massmart began consultations with workers&rsquo; unions over possible retrenchments at Dion Wired. Tags:

UBA appoints new Directors for Nigeria and Africa

UBA appoints new Directors for Nigeria and Africa 07-07-2020 11:05:00 | by: Pie Kamau | hits: 535 | Tags: Sustainable Development Pan-African financial services group United Bank for Africa (UBA) has appointed Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA&rsquo;s Nigeria and Africa businesses, respectively, subject to the approval of the Central Bank of Nigeria (CBN). The creation of the new positions, reporting to Group CEO, Kennedy Uzoka, represents further strategic recognition of the growth of UBA&rsquo;s pan-African business, now representing in excess of 40% of Group revenue, and the critical importance of Nigeria, the Group&rsquo;s largest market. Combined with UBA&rsquo;s unique International Business, operating from New York, London and Paris, UBA Africa and Nigeria, offer an unparalleled service offering to clients across Africa and globally. Commenting on the appointments, Group Chairman Tony O. Elumelu said: ''In 2005, we set out our pan-African vision. Fifteen years later, we are present in 20 African countries, serving over 20 million clients, leveraging our service culture and technology platform, to provide an integrated and seamless customer offering across the continent. In Africa, we lead in innovation and service, whilst our International Business, operating from New York, Paris and London, provides global and African clients access to treasury, trade finance and corporate banking products, uniquely tailored to the African opportunity. These senior appointments represent our commitment to optimise our management structure to best serve our clients and drive our business success.'' Oliver Alawuba has worked with the UBA Group for almost 20 years and was appointed in January 2020, CEO for the Group&rsquo;s Africa operations and Oliver&rsquo;s knowledge of UBA&rsquo;s business in Africa is unrivalled. He previously held the role as CEO of UBA in Ghana and more recently, as Regional CEO for UBA in Anglophone Africa.

Dis-chem found guilty of charging excessive prices for masks

Dis-chem found guilty of charging excessive prices for masks 07 Jul 2020 This article may contain graphic and/or adult content unsuitable for minors and sensitive readers. Read the artilce The Competition Tribunal has found Dis-Chem Pharmacies Limited guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. Dis-Chem was also ordered to pay a fine of R1 200 000. The Tribunal found that Dis-Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The Tribunal considered the background to the Covid-19 pandemic as the economic context in which Dis-Chem had increased its prices on three occasions. The Tribunal says even though the first case of Covid-19 in South Africa was only reported on the 5 March and the National Disaster proclaimed on 15 March 2020, South Africans were already affected by the rampant spread of Covid-19 from January, with global supply chains being disrupted, international travel and events being cancelled. "Fears of infection already started to influence consumer behaviour in January and February. It is common knowledge that the Covid-19 outbreak has led to an increase in global demand for personal protective equipment (PPE) of which surgical masks constitute an essential component. This increase in demand is reflected in the massive increases in Dis-Chem's own sales volumes from January onward. it said.

One critical another injured in N1 crash

One critical another injured in N1 crash By Tumblr Gauteng: At 10H33 Tuesday morning Netcare 911 responded to reports of a collision on the N1 North near Beyers Naude in Randpark Ridge. Reports from the scene indicate that a car had struck down a female occupant who was busy examining her bakkie that had a flat trye. The patient had sustained critical injuries and was treated on scene by Advanced Life support paramedics. A second person from the bakkie had sustained moderate injuries. Both patients were treated on the scene and once stabilized were transported by ambulance to the hospital for further treatment. Source: Shawn Herbst, Media Liaison Officer, Netcare Limited, Netcare 911 In other news - The Queen actor Vuyo Ngcukana aka Schumi spoils himself with a new hot Car - Pictures Catch Vuyo Ngcukana weaving through the traffic with his new set of wheels. They always say that hard work usually breeds great results, and this notion finally rings true for Vuyo. The actor has officially joined the Mercedez Benz squad, and he did not post a full snap of his car, instead, he posted sneak peek of the interior, and it looks sizzling. Vuyo said, one day he will tell us the story of how he lost everything, and his kids held me together and kept me going. continue reading TAGS

Covid-19 property diagnosis - Cape Business News

Covid-19 property diagnosis 0 THE Covid-19 lockdown has markedly changed short-term prospects for the Western Cape property industry. Cape Town's flagship real estate precinct, the V&amp;A Waterfront last month reported that retail sales were on track for about 6% turnover growth year-on-year to the end of March - but plummeted 36% in March to close 3% up overall for the year. The property's 50% owner Growthpoint said the V&amp;A's property fundamentals were all in good shape until Covid-19 arrived in South Africa. "Unfortunately, the lockdown was imposed in peak tourism season, and visitors decreased from a seasonal norm of 80 000 a day to a low of 3 400 a day. Subsequently, visitor numbers recovered to between 15 000 and 20 000 per day. Growthpoint admitted that international tourism was a strength that set the performance of the V&amp;A Waterfront apart in the pre-coronavirus environment. Around 80% of V&amp;A hotel occupancies are international tourists - who also contribute to about 50% of retail spend. Growthpoint believed tourism will pick up again, but said it was too early at this stage to predict when. "However, tourists returning will mark the critical point of recovery for this asset. Fairvest, which owns a number of Western Cape-based retail properties, has actively engaged with all its tenants on the impact of COVID-19 on their businesses in order to find sustainable solutions. The company said: "Negotiations are ongoing and we expect to have the majority of these negotiations concluded by the end of June. Fairvest said concessions - in the form of gross rental deferrals and rental credits - have been provided to tenants, dependent on their specific circumstances. The company disclosed gross rental deferrals for April, May and June 2020 billings were provided to certain small, medium and micro enterprise (SMME) tenants - with repayment terms ranging from 3 months to 36 months and starting from July. Of the gross billings in April and May, credits of 6% were co

N91 NY1 - NINETY ONE PLC - Dealing in securities by employee benefit trusts - 07/07/2020

NINETY1P: 4,552 +68 (+1.52%) 07/07/2020 13:54 NINETY ONE PLC - Dealing in securities by employee benefit trusts Release Date: 07/07/2020 14:00 Wrap Text Dealing in securities by employee benefit trusts Ninety One Limited Ninety One plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 2019/526481/06 Registration number 12245293 Date of registration: 18 October 2019 Date of registration: 4 October 2019 JSE share code: NY1 LSE share code: N91 ISIN: ZAE000282356 JSE share code: N91 ISIN: GB00BJHPLV88 DEALING IN SECURITIES BY EMPLOYEE BENEFIT TRUSTS As part of the dual listed company structure Ninety One plc and Ninety One Limited notify both the London and Johannesburg Stock Exchanges of the following, in compliance with the Listings Requirements of the JSE Limited: 1 Details of Employee Benefit Trust a) Trust Name Ninety One Guernsey Employee Benefit Trust 2 Details of the Issuer a) Name Ninety One plc b) LEI 549300G0TJCT3K15ZG14 3 Details of the Transaction a) Description of the financial instrument, type Ordinary shares of &pound;0.0001 each of instrument Identification code GB00BJHPLV88 b) Nature of the transaction On-market acquisition of 49,228 ordinary shares for an aggregate purchase consideration of &pound;102,494.62 c) Number of Securities 49,228 d) Volume weighted average price: &pound;2.082039 Highest traded price: &pound;2.10 Lowest traded price: &pound;2.028 e) Total value of transaction &pound;102,494.62 f) Date of the transaction 3 July 2020 g) Place of the transaction London h) Clearance obtained Yes Date of release: 7 July 2020 JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd Date: 07-07-2020 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information publis

Want Andy Murray as your private coach? Bid to win - Breaking news, special reports, world, business, sport coverage of all

Want Andy Murray as your private coach? Bid to win 7 July 2020, 3:43 PM | Reuters | @SABCNews Image: Reuters Britain's Andy Murray reacts during his match against Netherlands' Tallon Griekspoor. A dream private coaching session from Andy Murray will become a reality for one tennis fan after top players signed up to an initiative raising funds for professional coaches who are struggling financially during the COVID-19 shutdown . The coronavirus shutdown of tennis has not only prevented players from earning a living since early March but also the vast majority of those who coach them. That prompted Venezuelan Daniel Vallverdu, who has worked with Grand Slam winners like Murray, Stan Wawrinka and Juan Martin Del Potro, to reach out to other top coaches with a fundraising plan to help out their lesser-known peers. The ATP Tour got on board and last month fans were able to bid for private sessions with celebrated tennis coaches on-site during tournaments in 2021. "Nobody that I had called said no, so that was obviously quite uplifting in a way that everybody wanted to help, Vallverdu told Reuters from Geneva. "I basically called them and said ‘look let's start off with our coaches offering some of our time for next year and then I'll contact the tournaments and ATP to see how we can all work together to try and create some nice experiences as options'. Top names like Paul Annacone, Boris Becker, Darren Cahill, Brad Gilbert, Goran Ivanisevic, Ivan Lendl, Ivan Ljubicic and Patrick Mouratoglou got involved and more than $90 000 was pledged. The second round of auction, from July 6-27, will feature a private coaching session with Murray at Wimbledon, including two tickets to the 2020 men's singles final and lunch at the member's enclosure. "It was really nice to see that everybody was pulling in the same direction and was extremely supportive of it, said Vallverdu, who was signed up to coach women's world number three Karolina Pliskova this season. "It's not normal in our sport to see everybody w

Media24 beoog afleggings, sluiting van talle tydskrifte en koerante

Media24 beoog afleggings, sluiting van talle tydskrifte en koerante Nico Strydom Ishmet Davidson. Foto: Media24 Media24 het Dinsdag aangekondig dat hy oorweeg om van sy tydskrifte en koerante te staak en gevolglik personeel af te l&ecirc;. Volgens die uitgewer is hy hard getref deur die Covid-19-pandemie. "Van die begindae van die pandemie in Suid-Afrika het ons met alles wat ons doen op twee prioriteite gefokus. Eerstens, die gesondheid en veiligheid van ons mense, en tweedens, om ons besigheid aan die gang te hou - by implikasie ook om vir so lank ons kan, poste te beskerm, het Ishmet Davidson, uitvoerende hoof van Media24, ges&ecirc;. Die aankondiging kom kort nadat dit bekend geword het dat Bob van Dijk, groep uitvoerende hoof van Naspers, in die afgelope boekjaar $16 miljoen (meer as R270 miljoen) verdien het. Naspers het verlede maand sy jaarverslag bekend gestel. Media24 is ? filiaal van Naspers. Daar word tans oorweeg om vyf tydskrifte en twee koerante te sluit, oorblywende maandelikse tydskrifte uit te kontrakteer en minder gereeld uit te gee, twee koerante net digitaal uit te gee, en om personeel in steundienste-afdelings te verminder. Die maatskappy het ges&ecirc; hy begin vandag met personeel konsulteer. Die beplande ingrypings raak na verwagting bykans 510 personeellede met &rsquo;n voorgestelde vermindering van nagenoeg 660 poste uit &rsquo;n totale personeelsterkte van 2 971. Tans word beplan om Move! en die Hearst-titels (Men&rsquo;s Health, Women&rsquo;s Health, Bicycling, Runner&rsquo;s World) te sluit en om DRUM net in digitale formaat uit te gee. ? Uitgewersooreenkoms word met Helen Sch&ouml;er beding om die ouerskaptitels (Baba &amp; Kleuter en Your Pregnancy) onafhanklik uit te gee. Media24 wil verder die redaksionele produksie van die oorblywende maandelikse tydskrifte uitkontrakteer. Dit sluit in Fairlady, SARIE, SA Hunter/Jagter, True Love, tuis | home, Weg! | go! en Weg! Ry &amp; Sleep | go! Drive &amp; Camp asook di

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes By Ernest Mabuza - 07 July 2020 The Competition Tribunal says Dis-Chem's massive price increases of surgical masks were "utterly unreasonable and reprehensible." Image: Picture: FINANCIAL MAIL The Competition Tribunal has fined Dis-Chem Pharmacies R1.2m after finding the company guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. In its order and reasons, the tribunal found that Dis-Chem contravened the Competition Act in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The tribunal's reasons will be available publicly in due course. #Covid19 | All you need to know about the coronavirus On April 23, the Competition Commission referred a complaint against Dis-Chem to the tribunal. The complaint alleged that Dis-Chem had contravened section 8(1)(a) of the Competition Act, read with regulation 4 of the Consumer and Customer Protection and National Disaster Management Regulations and Directions. The commission claimed that in March 2020, Dis-Chem engaged in excessive pricing of surgical masks which are essential items in the fight against Covid-19. Dis-Chem denied the commission's claims. The tribunal heard the matter on an urgent basis via video conferencing in early May this year. In its findings, the tribunal said the commission had established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that SA's first Covid-19 case was announced in March. The tribunal also found the commission has shown a case of excessive pricing in relation to the three types of face masks. It found that Dis-Chem failed to show that its price increases were reasonable. "In our view, Dis-Chem's massive price increases of surgical masks during the complaint pe

Dlamini resigns as Kumba director

Dlamini resigns as Kumba director 7th July 2020 BY: Donna Slater Creamer Media Staff Writer and Photographer Nonkululeko Dlamini, who has taken up the position of Transnet CFO, has resigned as nonexecutive director of iron-ore miner Kumba Iron Ore. Kumba chairperson Dr Mandla Gantsho thanked her for her "invaluable contribution to the board. Advertisement "She will be missed. On behalf of Kumba, I wish Nonkululeko the very best going forward. For more information on this article, please make use of the Article Enquiry Service, by clicking here

Get media exposure for your small business with Ad Crashers

Get media exposure for your small business with Ad Crashers Riverbed, a marketing and communications agency, has officially launched its Ad Crashers initiative which will help small businesses affected by Covid-19 get back on their feet as South Africa gradually reopens its economy. Monalisa Zwambila, Riverbed CEO The agency will develop through-the-line advertising campaigns for hard-hit small businesses. By partnering with big media owners, Riverbed will be able to give these businesses the same level of national and regional media exposure as big brands, for free. Riverbed&rsquo;s investment alone is in excess of R1 million. The Ad Crashers campaign which is endorsed by the Small Business Institute of South Africa, seeks to support small business in two ways. Firstly, by providing big media exposure to stimulate demand for their products or services through access to a wider market and secondly, as a second phase of the initiative by leveraging and integrating big business programmes that can help support the small businesses that come to our website. To deliver on the scale needed to succeed, Riverbed has partnered with Mindshare to support the campaign as strategic partners. Riverbed has already received media inventory commitments from big out-of-home players that include JC Decaux and Provantage Media Group, Vodacom and Kaya FM. All partners have committed to providing access to their owned media platforms which will go a long way in generating much-needed exposure. "Our experience as an award-winning full-service agency places us in a great position to offer marketing support to help small businesses, says Monalisa Zwambila, Riverbed CEO. "As a business owner myself, this initiative is especially close to my heart. I understand the challenges that small businesses are facing and believe that solutions will come from knowing that our continued success as a business, is intimately linked to how we show up with support in times like this. National media exposure The Ad Crashers In

Schoeman, Massyn verleng hul verblyf by Leeus

Schoeman, Massyn verleng hul verblyf by Leeus Twee van die Leeus se losvoorspelers het hul verblyf by die unie met minstens nog &rsquo;n jaar verleng. Meer-Sport Vietnam kan laat in November steeds gasheer speel vir die eerste Formule Een-Grand Prix in die land. Rugby Tot 43 000 minder huishoudings gaan in die lopende boekjaar aan die kragnetwerk gekoppel word nadat die departement van minerale bronne en energie sy begroting hiervoor met R1,5 miljard besnoei het. Landbou Tongaat Hulett het toestemming van die mededingingstribunaal gekry om sy styselafdeling aan Barloworld te verkoop, maar laasgenoemde twyfel steeds of dit nog die geld werd is. Ekonomie Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy s&oacute; ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed &rsquo;n Gewone aanlyn vertoning is vir Margit Meyer-R&ouml;denbeck geensins bevredigend nie. Elke produksie moet spesiaal hanteer word en &rsquo;n eie karakter gegee word - en daarvoor gaan sy uit haar pad. Musiek &rsquo;n Suid-Afrikaanse operasanger het die w&ecirc;reld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. D&iacute;s beslis goeie nuus!. Boeke Lees elke dag saam aan die vervolgverhaal, Tussen die klippe, deur Hans du Plessis. Leef Op en Af Netwerk24 se blitsreeks, Op en Af, is &rsquo;n komedie en volg die lewe van drie paartjies wat in dieselfde woonstelblok in Kaapstad woon. O

Africa's top publisher to close S.African publications, cut jobs

CAXTON Image: Shutterstock Naspers plans to lay off more than 500 employees and close a number of newspapers and magazines, including leading weekly tabloid the Sunday Sun, its print division Media24 said on Tuesday. "For many of our print titles the benefits of prior interventions to offset the structural declines and keep them on the shelf no longer exist and they&rsquo;ve run out of options in this regard, Media24 CEO Ishmet Davidson said in a statement. Media24 is Africa&rsquo;s largest publisher, printer, and distributor of magazines and books, and is also the continent&rsquo;s largest newspaper publisher with around 3,000 employees across eight divisions. The layoffs and closures come in the wake of planned jobs cuts at public broadcaster the South African Broadcasting Commission (SABC), and similar moves at the other members of the country&rsquo;s "big four print publishers - Arena Holdings, Caxton and Independent News. Since the pandemic hit local shores in mid-March followed by a national lockdown, print publications have taken a hit of between 40% and 100% to advertising and sales revenue, forcing many to migrate online where they earn a fraction of their former ad sales. "The writing&rsquo;s been on the wall for the global print media industry for years, said Dinesh Balliah, media studies lecturer at Wits University, adding that more closures locally would follow with newspapers struggling to monetise online content. "South Africa has managed to buck the trend for a while given its high data costs, which made good quality news sites difficult to access while newspapers remained relatively cost-effective. It really isn&rsquo;t looking good. In Britain, Daily Mirror owner Reach RCH.L on Tuesday announced it would cut about 550 jobs, or 12% of its workforce, after the COVID-19 pandemic hit circulation and advertising at its national and regional newspapers. Get access to Moneyweb's financial intelligence and support quality journalism for only R63/month or R

ICTU outraged by unfair play against Iqbal Surv Sekunjalo Independent Media

JOHANNESBURG The Information and Communication Technology Union (ICTU) on Tuesday expressed its outrage at the unlawful conduct perpetrated against the Sekunjalo Group and called on the country s authorities to beef up and to fast track their investigations to uncover and bring to book anyone involved in these acts of intimidation and threats to life and limb. This after a team of top Western Cape police detectives has been assembled to probe a complaint of intimidation by Executive Chairperson of Sekunjalo Investment Holdings and Independent Media Dr Iqbal Surve after he received a text message in the early hours of the morning last month alerting him that someone had been sent to tamper with his vehicle. The ICTU s Thabang Mothelo said on Tuesday that no individual should live in a constant state of fear for their lives in democratic South Africa. The safety and security of all people have been seriously compromised in this country where the premium on human lives is very low. It is not far fetched to suspect the possibility of even members of the union falling under the radar of these unlawful and dangerous eavesdroppers. Executives of companies in the Sekunjalo Investment Holdings on Monday expressed their shock and outrage following the discovery their phones had been tapped. Also tapped were the phones of some of Surve s family members. Charles Abrahams a Cape Town lawyer rendering services to the group which includes companies such as AYO Technology Solutions Independent Media and African Equity Empowerment Investments Limited also suspected that his phone had been illegally intercepted. The ICTU said it had noted with grave concern reports of suspected illegal surveillance and bugging of Sekunjalo Group communication systems and possibly the mobile devices of other executives. Sekunjalo owns the Independent News media publication where ICTU has substantial membership. Mothelo said the reports suggested that this illicit theft of information was enhanced by a sophisticated device pl

NINETY ONE LIMITED - Dealing in securities by employee benefit trusts - SENS

Dealing in securities by employee benefit trusts Ninety One Limited Ninety One plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 2019/526481/06 Registration number 12245293 Date of registration: 18 October 2019 Date of registration: 4 October 2019 JSE share code: NY1 LSE share code: N91 ISIN: ZAE000282356 JSE share code: N91 ISIN: GB00BJHPLV88 DEALING IN SECURITIES BY EMPLOYEE BENEFIT TRUSTS As part of the dual listed company structure Ninety One plc and Ninety One Limited notify both the London and Johannesburg Stock Exchanges of the following, in compliance with the Listings Requirements of the JSE Limited: 1 Details of Employee Benefit Trust a) Trust Name Ninety One Guernsey Employee Benefit Trust 2 Details of the Issuer a) Name Ninety One plc b) LEI 549300G0TJCT3K15ZG14 3 Details of the Transaction a) Description of the financial instrument, type Ordinary shares of &pound;0.0001 each of instrument b) Nature of the transaction On-market acquisition of 49,228 ordinary shares for an aggregate purchase consideration of &pound;102,494.62 c) Number of Securities 49,228 d) Volume weighted average price: &pound;2.082039 Highest traded price: &pound;2.10 e) Total value of transaction &pound;102,494.62 f) Date of the transaction 3 July 2020 g) Place of the transaction London h) Clearance obtained Yes Date of release: 7 July 2020 JSE Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd Date: 07-07-2020 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (&lsquo;JSE&rsquo;). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever aris

Webinar: Accelerating AfCFTA Implementation, the Role of Business

Webinar: Accelerating AfCFTA Implementation, the Role of Business 7th Jul 2020 "Accelerating AfCFTA implementation, the role of business Mr Alan Mukoki-Hlongwane CEO: South African Chamber of Commerce &amp; Industry H.E. Vincent Karega Ambassador of Rwanda to Democratic Republic of Congo (DRC) Facilitator: Mr Ronny Mkhwanazi Corporate &amp; International Trade Lawyer Mkhwanazi Inc. Thursday July 9, 18h00 to 20h00 (SAST) Host City: Johannesburg Click the following link to register: https://form.jotform.com/201881448230553

This Small-Business Tool Does the Work of a Dozen Apps for Just $80

https://www.entrepreneur.com/article/352724?utm_source=HearstNewspapers&amp;utm_medium=related&amp;utm_campaign=syndication This Small-Business Tool Does the Work of a Dozen Apps for Just $80 Stop spending thousands of dollars on myriad different technologies. Entrepreneur Store 7:15 am CDT, Tuesday, July 7, 2020 Photo: Bongkarn Thanyakij This Small-Business Tool Does the Work of a Dozen Apps for Just $80 1 / 1 Back to Gallery Running a small business is difficult, which is why most entrepreneurs invest in technology to streamline operations and help them do everything from generate sales leads to manage human resources. But that adds up. The average small business spends between $10,000 and $49,000 every year on technology. That's a pretty penny that could take a significant chunk out of your company's gross profit. Rather than subscribe to a litany of individual subscriptions, Averox Business Management Solutions offers a more elegant solution. ABM is a full suite of integrated applications that are designed to help you manage your business and grow rapidly. It incorporates all of the tools you need in one comprehensive dashboard, giving you a centralized station to work from that's suitable for businesses of all sizes, scopes, and industries. ABM gives you CRM, email campaign, and sales campaign managers to scale up your content operations and improve your sales lead funnel and marketing infrastructure. They offer a bookkeeping and accounting app to automate all of your financial processes without having to sign into another platform. There's a contact and events manager so you can effectively store all of your contacts in various categories and plan and organize events from beginning to end. There's even an intuitive chat support system to help you communicate with customers better than ever. From an internal standpoint, ABM offers solutions for all teams. It supports e-signing so all of your legal and business documents can get signed more efficiently than ever. There's a task

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes

The Competition Tribunal says Dis-Chem's massive price increases of surgical masks were "utterly unreasonable and reprehensible. Image: Picture: FINANCIAL MAIL The Competition Tribunal has fined Dis-Chem Pharmacies R1.2m after finding the company guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. In its order and reasons, the tribunal found that Dis-Chem contravened the Competition Act in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The tribunal's reasons will be available publicly in due course. On April 23, the Competition Commission referred a complaint against Dis-Chem to the tribunal. The complaint alleged that Dis-Chem had contravened section 8(1)(a) of the Competition Act, read with regulation 4 of the Consumer and Customer Protection and National Disaster Management Regulations and Directions. The commission claimed that in March 2020, Dis-Chem engaged in excessive pricing of surgical masks which are essential items in the fight against Covid-19. Dis-Chem denied the commission's claims. The tribunal heard the matter on an urgent basis via video conferencing in early May this year. In its findings, the tribunal said the commission had established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that SA's first Covid-19 case was announced in March. The tribunal also found the commission has shown a case of excessive pricing in relation to the three types of face masks. It found that Dis-Chem failed to show that its price increases were reasonable. "In our view, Dis-Chem's massive price increases of surgical masks during the complaint period, which constitute an essential component of life-saving first-line protection in a pandemic of seismic proportions, without any significant increases in c

'At war time speed', China leads COVID-19 vaccine race - Breaking news, special reports, world, business, sport coverage of

7 July 2020, 2:36 PM | Reuters | @SABCNews Image: Reuters There are currently only two experimental COVID-19 vaccines in final Phase III trials - one from Sinopharm and another from AstraZeneca and the University of Oxford. China is forging ahead in the race to develop a vaccine to help control the COVID-19 pandemic, with Sinovac Biotech's experimental vaccine set to become the country's second and the world's third to enter final stage testing later this month. While a laggard in the global vaccine industry, China, where the new coronavirus is thought to have originated, has brought state, military and private sectors together in a quest to combat a disease that has killed over 500 000 people worldwide. Many other countries, including the United States, are coordinating closely with the private sector to try to win the vaccine development race, and China faces many challenges. Its success in driving down COVID-19 infections makes it harder to conduct large-scale vaccine trials, and so far only a few other countries have agreed to work with it. After past vaccine scandals, Beijing will also have to convince the world it has met all safety and quality requirements. But China's use of command economy-type tools is so far yielding results. A state-controlled entity, for example, completed two vaccine plants at what it called the "war time speed of a couple of months, while state-owned enterprises and the military have allowed experimental shots to be used on staff. The People's Liberation Army's (PLA) medical research unit, which has been a driving force in China's efforts to fight infectious diseases, is also working with private firms including CanSino to develop COVID-19 vaccines. Challenging the West's traditional dominance of the industry, China is behind eight of the 19 vaccine candidates in human trials, with Sinovac's experimental shot and one jointly developed by the military and CanSino among the front runners. It is also focused mainly on inactivated vaccine technology - a technolo

3 Stocks to Buy in value territory

3 Stocks to Buy in value territory by Gavin McCarter, Senior Portfolio Manager, Prodigy Asset Management , 07 July 2020 The global stock market indices continue to rally, with a handful of companies contributing to the positive performance since the march lows. And while the anecdote says, "a rising tide lifts all boats, this isn't the case. Many sectors in the market are just bobbing up and down and not moving decidedly higher. These overlooked companies offer value, still 20% or more below their pre Covid-19 prices. And a return to profitability for two of them could lead to outsized gains. We believe there are three shares you shouldn't ignore, as the seas calm post the Covid-19 storm. ________________________________________ A 158 year heritage - this transport stalwart knows how to drive profits up! Why are insiders buying up this transport company&rsquo;s shares? 1. EOH - Calm seas ahead The turnaround at EOH is gaining momentum. They are ahead of various deleveraging, cost cutting and non-core business disposal timelines. EOH should start showing this in its next set of results due in October for its July financial year end. As it knows with more certainty what its financial results will be, it will issue an operational update and trading statement in the coming weeks. This open communication is one of Stephen van Coller&rsquo;s (CEO) greatest promises. And he has kept shareholders informed ever step of the way through the turn-around implementation. The Covid-19 pandemic has been a blessing in disguise for EOH as its looked at internal products that could help their customers cope with the challenges of staff working remotely. In its half year to 31 Jan, it had revenue over R4.5 billion with gross profit above R1 billion. A net loss was made but that should change in the next set of results. A return to profitability for a business EOHs size will result in a rally above R10 quickly. 2. Distell - smooth Sailing to higher share prices We tipped Distell (the owner of Three Shi

Ithuba: HCI's rights to take over lottery operations have expired - Fin24

Ithuba: HCI's rights to take over lottery operations have expired Londiwe Buthelezi (Getty) The national lottery operator says it will terminate all relationships with HCI in early August. The two companies have been at loggerheads since 2015 as HCI accused Ithuba of breaching their funding agreement in several ways. Ithuba says HCI has been making up breaches so that it can take over as the operator of the national lottery. The four-year long squabble between the National Lottery operator, Ithuba, and owner of eMedia, Hosken Consolidated Investments, could finally come to an end in August. Ithuba has served HCI - which recently approached the Competition Commission to "step in" to the running of Ithuba - with three months' notice to cancel the management agreement between the two companies. No right to step in? "The management agreement, which gives rise to the right to step in, no longer exists. "Number two, we paid them the entire loan and interest. So, the funding agreement which was due on 29 April no longer exists. So, HCI have no right to do a management oversight," said Ithuba founder and CEO, Ithuba and HCI have been at loggerheads since 2015 shortly after the former won the bid to operate the National Lottery operations for eight years in 2014. At the core of their conflict is the loan that HCI advanced to Ithuba to help it launch the national lottery. But Ithuba wanted to repay the loan earlier, a move that HCI said constituted a breach of the funding agreement between the two companies and triggers HCI's step-in rights. READ | HCI attempting 'hostile takeover' of lottery operator by back door - Ithuba CEO HCI also said that Ithuba breached its financial agreement when its historic debt cover ratio fell below the minimum required level. It further saw red flags with the fact that Ithuba's management company Zamani was paying salaried of the lottery operator's employees. In July 2019, an arbitrator who was appointed to look the case ruled that HCI was indeed entitled to exercise

Nedbank scores multiple international awards for its leadership in innovation and technology

Nedbank scores multiple international awards for its leadership in innovation and technology Close Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&amp;' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. With... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to register on Polity.org.za. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses Sponsored by Nedbank scores multiple international awards for its leadership in innovation and technology 7th July 2020 ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + A slew of industry accolades has once again reinforced Nedbank Group's position as a South African, African and global leader in innovative banking solutions delivered on world-class technology platforms. In June, Nedbank took top honours for Best Innovation in Retail Banking in South Africa at the 2020 International Banker Awards for Middle East and Africa, and then followed this achievement with no less than five awards recognising its digital, technology and innovation prowess at the 2020 Global Banking and Finance Awards. These awards included recognition for the Best Banking Technology Implementation, Most Innovative Digital Branch Design, and Most Innovative Retail Banking App in South Africa in 2020. Nedbank also took top honours as the Best Retail Bank in South Africa for the second consecutive year, and Nedbank CIO, Fred Swanepoel was announced CIO of the Year, South Africa in the Technology Leadership Awards category, in recognition of his tireless leadership in designing and implementing Nedbank&rsquo;s industry leading digital strategy. Advertisement According to Ciko Thomas, Group Managing Executive, Nedbank Retail &amp; Business Banking,

Tribunal approves sale of Tongaat Hulett s starch business

JOHANNESBURG Agriculture and agri processing company Tongaat Hulett said today it was pleased at the decision by South Africa s Competition Tribunal to approve the acquisition of its Tongaat Hulett Starch business by the KLL Group a wholly owned subsidiary of Barloworld. It said the decision was the third approval in the jurisdictions relevant to the transaction with the Botswana Competition Commission and the Common Market for Eastern and Southern Africa (Comesa) Competition Commission having already approved the transaction without conditions. The final approval is awaited from the Indonesian Competition Commission probably in the first week of August. Tongaat chief executive Gavin Hudson said the approval by the SA Competition Tribunal had been achieved within anticipated timelines despite the impact on the process of the Covid 19 pandemic. &amp;quot;This is good news and means we can focus on closing the final conditions relating to the deal &amp;quot; he said. &amp;quot;These involve obtaining the consent of our lenders and the resolution of the MAC (material adverse change) event that Barloworld has called &amp;quot; he said. In May Barloworld indicated it believed a material adverse change had occurred in relation to the sale of the starch business but on Tuesday Tongaat said it remained &amp;quot;firmly of the view that a MAC has not occurred&amp;quot;. The matter has been referred to an independent third party for determination. Hudson said the company was still committed to finalising the disposal of the business one of a range of initiatives Tongaat Hulett has initiated as part of its broader business turnaround process. The successful execution of any of these transactions or a combination of them will ensure we can deliver on our strategic business partnerships; step changing our transformation initiatives protecting employee jobs and helping support the economies of the countries in which we operate he said. Tongaat Hulett Starch is Africa s largest pr

Dis-Chem slapped with R1.2 million fine for excessive pricing of masks

Home News Dis-Chem slapped with R1.2 million fine for excessive pricing of masks The Competition Tribunal has found Dis-Chem guilty of charging excessive prices for surgical masks, to the detriment of its customers. in News Image via: Archive Dis-Chem has been charged with a hefty fine of R1.2 million for charging excessive prices for surgical masks during the COVID-19 pandemic. The announcement was made on Tuesday 7 July. DIS-CHEM FOUND GUILTY FOR PRICE GOUGING The Competition Tribunal has found Dis-Chem Pharmacies guilty of charging excessive prices for surgical face masks, taking advantage of vulnerable customers during a pandemic. The Tribunal ordered that Dis-Chem is liable to pay an administrative penalty of R1 200 000. In its order and reasons, the Tribunal found that Dis-Chem contravened section 8(1)(a) of the Competition Act (the Act) in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The Tribunal found that Dis-chem failed to show that its price increases were reasonable: "In our view, Dis-Chem's massive price increases of surgical masks during the complaint period, which constitute an essential component of life-saving first-line protection in a pandemic of seismic proportions, without any significant increases in costs, are utterly unreasonable and reprehensible, it said. "Accordingly, we find that Dis-Chem has failed to show that its price increases for SFM50 and SFM5 and Folio50 were reasonable in the circumstances of the COVID-19 pandemic. The tribunal found that it exploited customers who were desperate to lay their hands on an essential item in the fight against a pandemic of global proportions. "Notwithstanding its professed commitment to the interests of consumers, Dis-Chem elected to increase its prices of surgical masks by exorbitant percentages in the context of the life-threatening outbreak of COVID-19. To this end, we consider its conduct was not only exploitative

South African Commercial, Catering and Allied Workers Union and Others v Massmart Holdings Limited and Another (111/CAC/Jun1

South African Commercial, Catering and Allied Workers Union and Others v Massmart Holdings Limited and Another (111/CAC/Jun11) [2020] ZACAC 2 (7 July 2020) Download original files IN THE COMPETITION APPEAL COURT OF SOUTH AFRICA CAC CASE NO: 111/CAC/Jun11 AND ALLIED WORKERS UNION &amp; OTHERS and MASSMART HOLDINGS LIMITED RESPONDENT THE COMPETITION COMMISSION RESPONDENT Delivered: 7 July 2020 (by email to the parties and release to SAFLII) J U D G M E N T Mnguni JA (Rogers and Mabindla-Boqwana JJA concurring): [1] On 9 March 2012, this court approved the merger between Wal-Mart Stores Inc (Wal-Mart) and Massmart Holdings Limited (Massmart) in terms of s 16(2)(b) of the Competition Act 89 of 1998 (the Competition Act) subject to certain conditions, one of which was the following: &lsquo;2.1.2 The merged entity is required to reinstate the 503 employees who were retrenched in 2009 and June 2010 and must take account of these employees&rsquo; years of service in the Massmart Group.&rsquo; [2] The issue, which arises for determination before us, is whether, properly interpreted, this court&rsquo;s reinstatement order of 9 March 2012 is retrospective in effect. The applicant (SACCAWU) accepts that the reinstatement order does not expressly make provision for back pay. It, however, contends that it was implicit in the order that the reinstatement of the employees must be retrospective and seeks to have this part of the order interpreted as requiring the payment of back pay to the date of retrenchments (in 2009 and June 2010) and seeks orders directing Massmart to make payment of such back pay. [3] The issue arising in this application will be better understood against the background that follows. During 2009 and 2010, and prior to the merger, Massmart retrenched 503 employees who worked for Game stores in Nelspruit and several other locations as well as at a number of Massmart&rsquo;s regional distribution centres, citing operational reasons. On 27 September 2010, Massmart

Five startups proving the future of flying cars is here - Cape Business News

Cape Business News Five startups proving the future of flying cars is here July 7, 2020 3 Five startups Picture credit www.aeromobile.com REMEMBER watching old science fiction movies, where flying cars presented the high-level technology future? Well, it seems that the future happened sooner than we could expect. Now, the aviation segment welcomes many aerospace startups that work on developing flying cars and their prototypes. Can we actually take a sky taxi or become a pilot while driving a flying car? This article presents you with a list of 5 startups that brings the idea of flying cars to real life. Lilium Aviation Lilium Aviation manufactures electric vertical take-off and landing jets. The startup was founded in 2015. Now, Lilium is based in a globally renowned high-tech hub for mobility in Germany. Lilium Aviation develops an air mobility product with an estimated range of up to 300 km and a top speed of 300 km/h, with zero emissions to make it efficient and an eco-friendly individual means of transportation. In 2015, the startup filled out a patent application for a vertical take-off aircraft, and in 2016, for an aircraft aerofoil. Overall, this startup showed a huge potential through years and attracted over $375 million in funding. SkyDrive SkyDrive is a drone startup that mainly focuses on developing flying cars. In 2012, SkyDrive was established by a volunteer company CARTIVATOR. The startup is based in Japan. SkyDrive brings to life electrical vertical take-off and landing pilotless aircraft, which are expected to be used in taxi service. The product would help to improve transportation in islands, mountainous places, and would also be a suitable option for emergency transport. In total, SkyDrive has attracted over $22 million in funding. Numerous transportation companies, including Toyota, have invested in the startup. Opener The journey of Opener started in 2011, when Marcus Leng, the Founder and the CEO, created the first flight in a proof-of-concept vehicle in his front y

Media24 to close publications, cut jobs

Media24 to close publications, cut jobs Tuesday 7 July 2020 - 1:28pm Naspers plans to lay off more than 500 employees and close a number of newspapers and magazines, including leading weekly tabloid the Sunday Sun, its print division Media24 said on Tuesday. eNCA JOHANNESBURG - Naspers plans to lay off more than 500 employees and close a number of newspapers and magazines, including leading weekly tabloid the Sunday Sun, its print division Media24 said on Tuesday. "For many of our print titles the benefits of prior interventions to offset the structural declines and keep them on the shelf no longer exist and they&rsquo;ve run out of options in this regard," Media24 CEO Ishmet Davidson said in a statement. Media24 is Africa's largest publisher, printer, and distributor of magazines and books, and is also the continent's largest newspaper publisher with around 3,000 employees across eight divisions. The layoffs and closures come in the wake of planned jobs cuts at the South African Broadcasting Commission, and similar moves at the other members of the country's "big four" print publishers - Arena Holdings, Caxton and Independent News.

Bill Gates-backed company to hunt for cobalt near Glencore mine

Bill Gates-backed company to hunt for cobalt near Glencore mine Asset News Hub House said exploration in Quebec was one of a number of activities that Kobold Metals was pursuing. Image: Bloomberg A startup backed by a group of tycoons including Bill Gates plans to use data-crunching algorithms to search for cobalt near a Canadian nickel mine owned by Glencore Plc. Kobold Metals has acquired rights to an area of about 1,000 square kilometers (386 square miles) - roughly the size of New York City - in northern Quebec, according to Chief Executive Officer Kurt House. It&rsquo;s the first such foray by the company to become public. San Francisco Bay Area-based Kobold Metals is hoping to use data analytics to build a "Google Maps for the earth&rsquo;s crust. The company is betting it can find metals crucial to the electric-vehicle revolution, such as cobalt, that so far have eluded more traditionally-minded geologists. House said the company&rsquo;s exploration activities at the site in Quebec could help prove the value of its approach. "The subtleties in the geophysical signals are really only evident when you have all of the data and can evaluate it in a systematic, statistically rigorous way, he said. "It&rsquo;s just too much for the human brain to handle. He said that the company was likely to start collecting geophysical data in the next three to six months, and could start drilling in a couple of years. The area, just south of Glencore&rsquo;s Raglan nickel mine, is "highly prospective for cobalt, nickel and platinum-group metals, House said. Shareholders of Kobold Metals include Silicon Valley venture capital firm Andreessen Horowitz, Norwegian oil major Equinor ASA and Breakthrough Energy Ventures, a fund backed by Gates and a dozen other tycoons including Jeff Bezos, Ray Dalio and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. House said exploration in Quebec was one of a number of activities that Kobold Metals was pursuing, includi

LSG Sky Chef employees accuse company of being dishonest about operations during lockdown - Breaking news, special reports,

LSG Sky Chef employees accuse company of being dishonest about operations during lockdown 7 July 2020, 3:02 PM | Lerato Matlala | @SABCNews Image: Reuters LSG Sky Chefs says it only provided catering in a few exceptional circumstances. Employees of airline catering company LSG Sky Chefs are accusing the company of continuing to operate despite receiving letters that the company will not be operational throughout the national lockdown. In March, President Cyril Ramaphosa announced the Level-5 lockdown to curb the spread of the coronavirus. Following the announcement, international and domestic flights were banned. LSG, which caters for international and domestic flights, sent out letters to employees informing them that the company will be shutting down completely for three months, "in the hope that the travel ban will be lifted and that international and domestic travelling will improve in the following months a letter from LSG outlined. However, employees claim that the company remained operational throughout the three months. "Only to find out that during this period of three months when the company was supposedly shut down the company had continued to operate and had called some of the permanent employees to come and assist with whatever production that needed to be made. So, currently, the aviation industry is still closed. The only flights that are operating are the cargo flights, which the company did not disclose that they are still catering for those cargo flights, argues one of the employees. Director of Human Resources in South Africa and Tanzania Lynnette Luwes confirmed that the company was catering for cargo flights. "We have not been operational for any domestic or international flights during the government-imposed lockdown period. But in a few exceptional circumstances, we provided some catering services, e.g. for cargo flights. Below are the pictures of the company&rsquo;s vans taken during the lockdown: UIF temporary employer/employee relief scheme The company also co

Two in a critical condition after a head-on collision on the N11 in Elandslaagte

Two in a critical condition after a head-on collision on the N11 in Elandslaagte 07 July 2020 | From Arrive Alive Two men were left critically injured on Sunday evening when a light motor vehicle and a bakkie collided head-on on the N11 in Elandslaagte, KwaZulu Natal. ER24 paramedics, along with other services, arrived on the scene at 20h50 to find the bakkie on its roof on the side of the road while the light motor vehicle was found lying upright. The drivers of the vehicles, both men, were found lying in their vehicles. Ladysmith Fire Services carefully extricated the patients from the vehicles and paramedics thereafter assessed them, finding both to be in a critical condition. The patients were treated for their injuries and thereafter transported to a provincial hospital in Newcastle for urgent treatment. The details surrounding this incident are not yet known but local authorities were on the scene for further investigations. Share This Page Taxi and bakkie collision leaves five injured in Roodepoort... 07 Jul 2020 | From Arrive Alive Five people were left injured this morning when a bakkie crashed into the side of a taxi on Albertina Sisulu Road in Roodepoort. ER24 paramedics arrived on the scene at 06h06 to find both vehicles parked in the middle of the road. Several people were found walking around on the scene. Medics assessed A hiker was airlifted by AMS to Vincent Palotti Hospital, after falling and sustaining serious injuries... 07 Jul 2020 | From Arrive Alive AMS conducted a rescue with the Western Cape Department of Health EMS/AMS rescue helicopter in the Helderberg region. A male hiker was airlifted to Vincent Palotti Hospital, after falling and sustaining injuries. Local authorities were on the scene for investigations. Images courtesy Kevin Tromp Two bodies found lying in a veld in Brandwag... 07 Jul 2020 | From Arrive Alive The bodies of two men were found this morning in a veld near the military base in Brandwag, Bloemfontein. ER24 paramedics were called to the scene by

Tribunal fines Dis-chem R1.2m for excessive pricing of face masks

Tribunal fines Dis-chem R1.2m for excessive pricing of face masks Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&amp;' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From Tribunal fines Dis-chem R1.2m for excessive pricing of face masks Name &amp; Surname Tribunal fines Dis-chem R1.2m for excessive pricing of face masks 7th July 2020 ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + The Competition Tribunal has ordered pharmacy group Dis-Chem Pharmacies to pay an administrative penalty of R1.2-million for allegedly charging excessive prices for surgical face masks during the Covid-19 pandemic. The tribunal says Dis-Chem contravened Section 8(1)(a) of the Competition Act in that it charged an excessive price for three types of surgical face masks to the detriment of consumers during March. Advertisement The tribunal's detailed reasons will be made available publicly in due course. It has, however, provided a brief summary containing several excerpts. Firstly, the tribunal considered the background to the Covid-19 pandemic as the economic context in which Dis-Chem had increased its prices on three occasions. Advertisement According to the tribunal, the Competition Commission had established that Dis-Chem had exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that South Africa's first Covid-19 case was announced. The tribunal says Dis-chem had failed to show that it

Pastor shot dead outside church

Pastor shot dead outside church By Tumblr KwaZulu-Natal: At 20H35 Tuesday morning Netcare 911 responded to reports of a shooting at a house adjacent to the Anglican church in Hambanathi North of Durban. Reports from the scene indicate that a 50-year-old male believed to be a paster had been shot in the head. A Netcare 911 Emergency Care Practitioner assessed the patient who was found in a critical condition. A full advanced life support resuscitation was initiated however the patients condition rapidly deteriorated and was sadly succumbed to his injuries. SAPS were on scene and will investigate the matter further. Source: Shawn Herbst, Media Liaison Officer, Netcare Limited, Netcare 911 In other news - The Queen actor Vuyo Ngcukana aka Schumi spoils himself with a new hot Car - Pictures Catch Vuyo Ngcukana weaving through the traffic with his new set of wheels. They always say that hard work usually breeds great results, and this notion finally rings true for Vuyo. The actor has officially joined the Mercedez Benz squad, and he did not post a full snap of his car, instead, he posted sneak peek of the interior, and it looks sizzling. Vuyo said, one day he will tell us the story of how he lost everything, and his kids held me together and kept me going. continue reading TAGS

Game set to axe 1 800 staff due to massive financial losses

Home News Finance Game set to axe 1 800 staff due to massive financial losses The group said that it needs to guide the Game section of its portfolio back to profitability, and job cuts are their best means of doing so. in Finance Massmark owned Game stores are set to cut around 1 800 jobs, the group announced on Tuesday 7 July. Photo: Twitter/Game The South African Commercial Catering and Allied Workers Union (SACCAWU) has received a letter from Walmart-owned retailer Massmart - which owns Game stores in South Africa - notifying them that they are set to try and cut 1 800 jobs from their roster. The group have said that despite numerous interventions that aimed to mitigate the enormous losses of R675 million reported in December 2019, job cuts remain an unfortunate necessity. Game contributing to massive Massmart financial losses The group said in a letter to shareholders on Tuesday 7 July that the financial losses currently being suffered by the group, which also owns Makro, Dion Wired, Builders Warehouse and Masscash, continued to necessitate hard decisions. "You will be aware that mass discounters has underperformed for a number of years, the group said. "As recently as December 2019, Massdiscounters recorded a financial loss of R675 million, of which the loss attributed to Game was R572 million. This has impacted negatively on our overall Group performance and was a significant contributor to the operating loss that Massmart announced in March 2020. Game has implemented the following strategies in an effort to return the business to a profitable status: Implementing a new customer focussed group operating model; delaying investment in certain projects; negotiating lower store rentals; improving supplier payment arrangements; and reducing expenditure. - Man&rsquo;s NOT Barry Roux ? (@AdvoBarryRoux) July 7, 2020 Job cuts &lsquo;not what any of us would prefer&rsquo; The group said that while these actions have "delivered value that has stabilised and improved the overall hea

Competition Tribunal finds Dischem guilty of inflating mask prices during covid-19 disaster

Competition Tribunal finds Dischem guilty of inflating mask prices during covid-19 disaster Close Search Polity Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&amp;' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. With... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to register on Polity.org.za. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses Sponsored by ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + The Competition Commission (Commission) welcomes the decision of the Competition Tribunal (Tribunal) for finding Dis-Chem Pharmacies Limited (Dis-Chem), a national wholesale distributor and retailer of pharmaceutical products, guilty of excessive pricing of surgical face masks during the state of national disaster as declared by President Cyril Ramaphosa. The Tribunal has ordered Dis-Chem to pay an administrative penalty of R1 200 000 (one million two hundred thousand rand). Advertisement This follows an investigation by the Commission which found that that Dis-Chem has charged excessive prices on essential hygienic goods to the detriment of customers and consumers, in contravention of Section 8(1)(a) of the Competition Act read together with Regulation 4 of the Consumer Protection Regulations. These essential items are surgical face masks blue 50PC, surgical face masks 5PC and surgical face masks folio dress blue. From at least 28 March 2020, the Commission received several complaints from the public against several retail stores owned by Dis-Chem for engaging in excessive pricing of face masks, specifically dusk and surgical masks. Advertisement The Commission's investigation established that prior to the declaration of a national state of disaster, Dis-Chem was

Verbruikers nou byna so pessimisties as in 1985

Verbruikers nou byna so pessimisties as in 1985 Suid-Afrikaners is nou byna net so swartgallig as wat hulle in 1985 was - &rsquo;n jaar gekenmerk deur "gewelddadige opstande teen apartheid, &rsquo;n gedeeltelike noodtoestand, PW Botha se berugte Rubicon-toespraak, en Suid-Afrika se skuldkrisis. Maatskappye Die kleinhandelgroep Massmart het aangekondig sowat 1 800 personeel by Game kan geraak word in &rsquo;n herstruktureringsproses wat begin is. Maatskappye Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy s&oacute; ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed &rsquo;n Gewone aanlyn vertoning is vir Margit Meyer-R&ouml;denbeck geensins bevredigend nie. Elke produksie moet spesiaal hanteer word en &rsquo;n eie karakter gegee word - en daarvoor gaan sy uit haar pad. Musiek &rsquo;n Suid-Afrikaanse operasanger het die w&ecirc;reld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. D&iacute;s beslis goeie nuus!. Boeke Lees elke dag saam aan die vervolgverhaal, Tussen die klippe, deur Hans du Plessis. Leef Op en Af Netwerk24 se blitsreeks, Op en Af, is &rsquo;n komedie en volg die lewe van drie paartjies wat in dieselfde woonstelblok in Kaapstad woon. Op die oog af lyk almal baie gelukkig, maar agter toe deure klop al drie paartjies by &rsquo;n aanlyn huweliksberader aan. Netwerk24TV Blitsbrein Junior VIA se gewilde vasvraprogram Blitsb

Massmart may cut 1,800 jobs at Game stores

Massmart may cut 1,800 jobs at Game stores Asset News Hub Jul 07 Massmart said in a shareholder statement on Tuesday that it has started a consultation process under Section 189 of the Labour Relations Act. This process may affect 1,800 employees at Game stores in South Africa. Section 189 of the Labour Relations Act governs, among other things, the procedures that companies must take ahead of any possible retrenchment. The consultation follows a recently completed assessment of opportunities to improve Game's "store efficiencies", the retail group said. Massmart is majority-owned by Walmart and, in addition to Game, operates a number of retail and wholesale chains including Makro, Builders Warehouse, Masscash and Cambridge Foods. A Reuters report notes that Massmart stated earlier this year that it would cut costs and restructure into wholesale and retail units, but the impact of the virus has accelerated some of the turnaround strategies. In March, the company announced the closure of all of its non-performing stores, which included 23 Dion Wired stores.

Rope access used for inspection at pulp and paper plant - June 2020 - SA Instrumentation & Control

Rope access used for inspection at pulp and paper plant 6 July 2020 News When a pulp and paper producer required inspection and maintenance of its fire-water reticulation system, it turned to rope access specialist Skyriders to provide a quick and cost-effective solution. Skyriders&rsquo; experience in the petrochemical and power generation industries stood it in good stead with this flagship project. "Our experience and track record with hazardous and chemical environments made it a natural extension for us to continue work in the pulp and paper industry, commented Skyriders marketing manager, Mike Zinn. "For example, we were recently involved with a deluge system for a major petrochemical producer, a water mist system based on open spray heads attached to reticulation pipes connected to the water supply by valves. The pulp and paper producer opted for rope access as this provided the safest and quickest access of its manufacturing facility for the mandatory inspection, which involved examining all of nozzles and hoses in the fire protection system. Traditional scaffolding would have been both time-consuming and costly to erect. Extra time for proper dismantling would also have had to be factored into the completion for the project. The pulp and paper industry is a particular growth area for Skyriders, as these plants invariably have their own smokestacks and even boilers, which all require regular inspection and maintenance. In addition, rope access is often required to install lifelines, for other specialist contractors for example. Skyriders&rsquo; track record in this sector includes hard-to-reach inspection and repair work on ducting at the Sappi Ngodwana plant in Mpumalanga. "The benefits of rope access really come to the fore in these major industrial sectors, where access to facilities, in addition to the high health and safety requirements, is of paramount importance, concludes Zinn. For more information contact Mike Zinn, Skyriders, +27 11 312 1418, mike@ropeaccess.co.za

NAFCOC EC Distances Itself From The Newly Launched EC Business Council, It's Structures And Programmes

NAFCOC EC Distances Itself From The Newly Launched EC Business Council, It's Structures And Programmes 7th July 2020 The National African Federated Chamber of Commerce and industry Eastern Cape (NAFCOC EC) has noted with concern the purported election and the launch of the Eastern Cape Business Council (ECBC), a body which is supposed to partner with government and other stakeholders in developing the economy and infrastructure of the province. Perhaps it is worth stating that NAFCOC was the initiator of the establishment of ECBC and was part and parcel in the preparatory talks and engagement with government in convincing it to understand the importance of one united voice for business in the Province. NAFCOC was also part and parcel of the interim ECBC leadership structure. Advertisement But in the last few months, especially during the advent of the novel COVID-19 epidemic, a new culture in the ECBC began to take root where questionable decisions and resolutions were taken in virtual meetings and that culminated in the election process without NAFCOC. Mr Pumzile Ndendela, NAFCOC EC Provincial Chairperson, said: "We have written to the Eastern Cape Premier Mr Oscar Mabuyane and the Acting MEC for DEDEAT MEC N Meth telling them about our displeasure and this was the response from the office of the Premier: &lsquo;The Hon Premier has noted with concern, prevailing organizational dynamics that seemingly face the ECBC currently. The Premier thus is requesting that the ECBC ensures that before officially launching it works out all outstanding matters so as to enable the council to function properly. It is against this background that the Premier will no longer be available to address the launch. We hope that the ECBC will resolve all outstanding organizational matters&rsquo;. Advertisement Mr Ndendela added: "We were surprised to read media report (on 3rd July 2020) to the effect that there is new ECBC leadership and NAFCOC is part of it, which was not true. In the evening of the same

3 Ways to Build a Sustainable Business Post-COVID, According to Jon Taffer

3 Ways to Build a Sustainable Business Post-COVID, According to Jon Taffer Creating a strong operation for the future will require thinking ahead - and acting now. Bar and Nightlife Consultant and Author July 7, 2020 This story appears in the July 2020 issue of Entrepreneur . Subscribe > When there&rsquo;s a problem, entrepreneurs fix it. But it&rsquo;s not enough to just solve today&rsquo;s problems anymore. That&rsquo;s reactive and short-sighted. We have a massive opportunity to thrive after this pandemic , but it&rsquo;ll only happen if we spend today solving tomorrow&rsquo;s problems. Look out into the future, and create the solutions that will resonate in the months and years to come. You don&rsquo;t need to be a fortune-teller to do this. I&rsquo;ll give you an example. Related: What You Can Learn From the Rise of Sustainability-Focused Entrepreneurship Let&rsquo;s say a guy named Joe has a favorite burger place. They make a great burger, and he can&rsquo;t wait to eat there again. But when his local lockdown is finally lifted, that favorite burger place seems messy and disorganized. Meanwhile, there&rsquo;s a second-best burger place down the street - and that place is spotless. So where will Joe eat? I bet he&rsquo;ll pick the second-best burger. What can we learn from that story? Here&rsquo;s what I see: 1. The importance of trust. Every business must distinguish itself, and that has always happened in many ways - with factors like quality, price, and convenience. But when Joe chose the second-best burger place, he pushed all those old qualities aside, and trust bubbled up to the top instead. That&rsquo;s a massive shift. Before the pandemic, trust was barely spoken about. No longer. This means entrepreneurs can stand out from competitors in new ways. You can meet people&rsquo;s new expectations by focusing on different elements of your business. For example, your customer may have never cared about your operations be

1 800 van Game kan ook hul werk verloor

1 800 van Game kan ook hul werk verloor Die kleinhandelgroep Massmart het aangekondig sowat 1 800 personeel by Game kan geraak word in &rsquo;n herstruktureringsproses wat begin is. Maatskappye Nog een van Suid-Afrika se groot banke gaan binnekort nie meer tjeks aanvaar nie. Maatskappye Pres. Donald Trump is in die moeilikheid. Vier maande voor die verkiesing is hy s&oacute; ver agter dat selfs stoere Republikeine vrees dat hy kan verloor, skryf Leopold Scholtz. Menings Daar is tans allerlei aanduidings dat die inperkingsvlak in verskillende distrikte en/of provinsies verhoog kan word omdat die voorkoms van Covid-19 daar steeds toeneem. Sielsgoed &rsquo;n Suid-Afrikaanse operasanger het die w&ecirc;reld se eerste aanlyn sangkompetisie aangebied wat reeds twee wenners opgelewer het. Katleho Mokhoabane (24) van die Vrystaat en Luvo Maranti (26) van Kaapstad is as die wenners van die afdeling vir tenore aan Flieks Ennio Morricone, een van die bekendste komponiste van rolprentmusiek, is op 6 Julie op 91-jarige leeftyd in &rsquo;n hospitaal in Rome oorlede. Hy het geval en &rsquo;n been gebreek waarna hy opgeneem is en &rsquo;n paar dae later dood is. Musiek Kyk: Emma huldig Van Gogh met eie weergawe van lied Die Kaapstadse sanger Emma van Heyn gee nuwe betekenis aan die liedjie "Starry Starry Night oor die kunstenaar Vincent van Gogh. Sy het in die psige van die kunstenaar gedelf vir haar vertolking en gee die ontstellende gedagtes en diepe hartseer in Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. D&iacute;s beslis goeie nuus!. Boeke Lees elke dag saam aan die vervolgverhaal, Tussen die klippe, deur Hans du Plessis. Leef Op en Af Netwerk24 se blitsreeks, Op en Af, is &rsquo;n komedie en volg die lewe van drie paartjies wat in dieselfde woonstelblok in Kaapstad woon. Op die oog af lyk almal baie gelukkig, ma

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes

Dis-Chem ordered to pay R1.2m fine for 'reprehensible' mask price hikes http://www.safrica24.com/south-africa/dis-chem-ordered-to-pay-r12m-fine-for-reprehensible-mask-price-hikes/255822-news July 07, 2020 5 The Competition Tribunal has fined Dis-Chem Pharmacies R1.2m after finding the company guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. In its order and reasons, the tribunal found that Dis-Chem contravened the Competition Act in that it charged an excessive price for three types of surgical face masks (SFM 50, SFM 5 and Folio50) to the detriment of consumers during March 2020. The tribunal's reasons will be available publicly in due course. On April 23, the Competition Commission referred a complaint against Dis-Chem to the tribunal. The complaint alleged that Dis-Chem had contravened section 8(1)(a) of the Competition Act, read with regulation 4 of the Consumer and Customer Protection and National Disaster Management Regulations and Directions. The commission claimed that in March 2020, Dis-Chem engaged in excessive pricing of surgical masks which are essential items in the fight against Covid-19. Dis-Chem denied the commission's claims. The tribunal heard the matter on an urgent basis via video conferencing in early May this year. In its findings, the tribunal said the commission had established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that SA's first Covid-19 case was announced in March. The tribunal also found the commission has shown a case of excessive pricing in relation to the three types of face masks. It found that Dis-Chem failed to show that its price increases were reasonable. "In our view, Dis-Chem's massive price increases of surgical masks during the complaint period, which constitute an essential component of life-saving first-line protection in a pandemic of seismic prop

GIBS Executive MBA programme ranked in top 60: QS Global Executive MBA Ranking - Gordon Institute of Business Science

GIBS Executive MBA programme ranked in top 60: QS Global Executive MBA Ranking 7 Jul 2020 | Save | Email | Print | PDF Issued by: Gordon Institute of Business Science Global business school analyst Quacquarelli Symonds (QS) has released the 2020 World University Rankings: Global Executive MBA (EMBA) and University of Pretoria's Gordon Institute of Business Science (GIBS) has once again been ranked in the top 60. This is the fourth edition of the ranking and the second time that GIBS has been ranked out of 161 schools globally. This ranking adds to GIBS' accolades including the prestigious London Financial Times Executive MBA Ranking, where GIBS ranks as top South African and African business school. The School was ranked across four key indicators: career outcomes, diversity, employer reputation, profile and thought leadership with diversity and career outcomes attaining high scores. Under career outcomes where salary increase and promotions were taken into account, GIBS received an overall score of 89.5 out of 100, (the global mean score is 65.5) putting the School in the top 12.1%. Under the diversity metric, the school attained an overall score of 86.5 out of 100 (the global mean score is 58.2) placing it in the top 8.5% globally. Interim-Dean of GIBS, Dr Morris Mthombeni, said, "We are very proud of the success of our alumni and strive to continually support them. Through our MBA, we aim to provide high-impact and rigorous learning experiences that will help students solve business problems and drive positive change in their organisations. "The ranking is a reminder that in our delivery of the programme, we must never be complacent, we must continuously adapt the programme to meet with changes in our environment and give students value that they can use in their organisations, added Dr Mthombeni. The GIBS MBA curriculum creates an opportunity for students to become well-rounded and effective managers and this ranking is testament to the positive impact the programme has had on students

News Archives - Page 1188 of 1189 - Cape Business News

Cape Business News Services January 5, 2015 In response to the pressing need to accelerate economic growth and job creation, the provincial government of the Western Cape has joined forces with Deloitte to launch a new initiative, the... Manufacturing September 7, 2013 Increasing electricity and fuel prices coupled with a growing demand for green business practices have steered many companies towards alternative energy sources. In an age where the environment and its sustainability...

Dis-Chem fined R1.2 million for hiking mask prices during COVID -19 lockdown

Tweet Dis-Chem Back in April, the famed Pharmacy group Dis-Chem was charged and referred to the Competition Tribunal for inflating prices of essential goods during the coronavirus lockdown . On Tuesday, 07 July 2020 - The Competition Tribunal has found Dis-Chem Pharmacies guilty of charging excessive prices for surgical face masks during the Covid-19 pandemic. The Tribunal has also ordered that Dis-Chem is liable to pay an administrative penalty (a fine) of R1 200 000 (one million two hundred thousand rands). According to the Tribunal, the Competition Commission (the Commission) has established that Dis-Chem exerted market power in its pricing of the face masks by increasing its prices to significant levels in the context of the Covid-19 pandemic. One such increase took place on the very day that South Africa's first Covid-19 case was announced: "We find that in the context of a global health crisis, with excess demand of surgical masks, considered to be essential in the fight against Covid-19, Dis-Chem has demonstrated that it enjoyed and exerted market power by materially increasing its prices, without a significant increase in costs, and significant increase in margins. But for the economic conditions brought about by the outbreak of Covid-19, it would not have been able to implement such material price increases in surgical masks Reasonableness The Tribunal has found that Dis-chem failed to show that its price increases were reasonable: "In our view, Dis-Chem's massive price increases of surgical masks during the complaint period, which constitute an essential component of life saving first line protection in a pandemic of seismic proportions, without any significant increases in costs, are utterly unreasonable and reprehensible. Accordingly, we find that Dis-Chem has failed to show that its price increases for SFM50 and SFM5 and Folio50 were reasonable in the circumstances of the Covid-19 pandemic. Share your thoughts, and Join the conversation on Twitter or Facebook :

Statement by the Leader of Government Business Nomusa Dube-Ncube on the unveiling of free Wi -Fi Hotspots and switching on o

Statement by the Leader of Government Business Nomusa Dube-Ncube on the unveiling of free Wi-Fi Hotspots and switching on of JL Dube Broadband Highsite 7th July 2020 MEC for Economic Development, Tourism and Environmental Affairs, Nomusa Dube-Ncube The 9th July 2020 will mark the beginning of the digital revolution as inspired by the first President of a democratic South Africa Nelson Mandela who once remarked: "It always seems impossible until it is done." For the first time, communities in Pietermaritzburg who have always battled to access internet will have access to free Wi-Fi. Advertisement At 10h00 this Thursday, the Premier of the Province of KwaZulu-Natal Sihle Zikalala, Minister of Communications and Digital Technology Stella Ndabeni-Abrahams will switch on a JL Dube Broadband Highsite in Vezokuhle Primary School, Edendale under Umsunduzi Municipality. The long term vision is to turn KZN into a Smart Province through the digital infrastructure. The model takes advantage of SA Connect, the BBI long haul fibre backbone as well as the Dube iConnect ISP services and infrastructure. Advertisement The Department of Economic Development, Tourism and Environmental Affairs (EDTEA) together with its entities - Dube Trade Port and Moses Kotane Institute of Technology - have joined forces with Broadband Infraco and Mzansi ComNet to rollout out a cost effective model of broadband infrastructure. We are using the existing contract with SA Connect and BBI ensure that we provide the backbone for broadband access, particularly in underserviced areas of our province. This work has been made easy by our Dube Trade I-connect. This is our province&rsquo;s cloud offering. It provides a world-class and telecommunication platform which incorporates an advanced, high-speed metro enternet network, voice and broadband and digital links. South Africa has some of the highest mobile voice and data costs in the world. Surveys have shown that the majority of people spend up to 22% of their income on telecomm

Sekunjalo bosses shocked as their phones are ‘bugged'

Sekunjalo bosses shocked as their phones are &lsquo;bugged&rsquo; Sekunjalo bosses shocked as their phones are &lsquo;bugged&rsquo; Date: 07 Jul 2020 EXECUTIVES of companies in the Sekunjalo Investment Holdings group have expressed shock and outrage following the discovery that their phones had been tapped. Also tapped were the phones of some of Sekunjalo executive chairperson Dr Iqbal Surve&rsquo;s family members. Charles Abrahams, a Cape Town lawyer rendering services to the group, which includes companies such as AYO Technology Solutions, Independent Media and African Equity Empowerment Investments Limited, also suspects that his phone has been illegally intercepted. At the same time, a listening device was discovered in Surve&rsquo;s office. AYO chief executive Howard Plaatjes said he had suspected that something was amiss after some of his calls started to sound scratchy, fell completely silent or began echoing. "The last thing on my mind was espionage. You always hear about these things, but as a technology company chief executive, I should have been more aware of these things. "It made me feel very distraught. I just felt completely devastated that people would go to such a degree. Nobody gave them permission to listen to my conversations with other individuals; I feel quite distressed by it. I don&rsquo;t know what conversations are private any more. It is grossly unfair, Plaatjes said as he related his immediate thoughts upon hearing that his phone had been tapped. Independent Media chief operating officer Takudzwa Hove said: "I think it&rsquo;s probably to interfere with the actions of Independent Media. It doesn&rsquo;t make sense. It seems to be part of a co-ordinated effort to bring down Independent Media. My relationship with the group (Sekunjalo) is around Independent Media, and so it can only be related to Independent Media. Other senior people in the group whose phones were also tapped include head of group corporate affairs Vanessa Gove

Why illegal traders keep getting away with selling illicit cigarettes in South Africa

Why illegal traders keep getting away with selling illicit cigarettes in South Africa Staff Writer 7 July 2020 Subscribe The ban on the sale of tobacco products in South Africa during lockdown has been the subject of furious debate, with the matter heading to the Supreme Court of Appeal over whether the government&rsquo;s prohibition is justified. In a webinar facilitated by financial services group, PSG on Tuesday (7 July), investigative journalist, Jacques Pauw, said that lockdown is only part of the reason the illegal cigarette trade in South Africa is thriving. "The story heats up in 1997, when government increased the tax on cigarettes from 20% of the sale price to 50%, Pauw said. "This suddenly made it very expensive to smoke and boosted the underground world of illegal cigarettes. After all, without the excise, you can sell your product below market price and still make a huge profit. Currently a pack of 20s costs R36 in a large retail outlet, of which the government gets R18. Even though it costs under R2 to manufacture a pack of smokes, he said. The lockdown, however, has made it even more profitable to trade in illegal tobacco products. Supply and demand has meant that sellers can charge premium prices, well beyond what a legal pack of 20s would cost, if you could buy one, Pauw said. The government could have already lost up to R4.5 billion in revenue as a result of the tobacco ban. A number of prominent South African companies published an open letter to Cyril Ramaphos a, asking him to lift the country&rsquo;s ban on the sale of tobacco products. The letter - which was published by the Sunday Times - included prominent signatories such as the British American Tobacco, SAAI, Fresh Stop, South African Tobacco and retailer Spar. The group said that the ban has also cost the country R3.5 billion in excise taxes to date. Why criminal tobacco networks are flourishing Pauw said the criminal tobacco networks are flourishing because they haven&rsquo;t been brought to book, an

South Africa: No Light At the End of Eskom's Tunnel Until Blockages Are Cleared

South Africa South Africa: No Light At the End of Eskom's Tunnel Until Blockages Are Cleared 6 July 2020 opinion By Ghaleb Cachalia The opacity at Eskom must end so that contracts can be re-examined to reveal corrupt or conflicted practices, the maintenance and rebuild must be quantified and the workforce repurposed with a credible plan actioned against the requirements of a stable baseload. Much discussion around Eskom focuses on how to address the utility's self-inflicted financial woes. Whether this comes from proposed debt-for-equity swaps from the Public Investment Corporation (PIC), continued government bailouts, government guarantees to renewable energy producers or price hikes - all of which have significant implications - it doesn't address the fundamental question: Is Eskom fixable? The phrase, "Eskom is too big to fail", is trotted out ad nauseam by government and Eskom while the company continues its death spiral. Meanwhile, electricity supply, which needs to be both affordable and available, is destined to be neither. Eskom's CEO Andre de Ruyter recently affirmed, in a presentation to the Parliamentary Portfolio Committee (PPC), his commitment to have the company stabilised in 18 months - the buck, he said, stopped with him. In the interim, supply is unstable and increasingly unaffordable. Approximately 85% of Eskom's business is the generation of electricity to meet demand. This is the heart of the business...

Mobility Trends Post COVID-19 (by Rene Stegmann, Relocation Africa Group MD)

...eed high levels of medical resources in many African Countries but we do need to ensure that their evacuation solution is appropriate. In conclusion, no-one knows what the future holds, but we do know Africa, and we have nearly 30 years&rsquo; experience dealing with assignees moving into Africa, and the challenges that COVID has thrown up have forced us to evolve rapidly. We are pivoting our solution with new innovations like our virtual orientation tour, which we were already working on prior to COVID due to the Amazon request for the integrated program in 2018/19 which had seedlings of what is to be our virtual orientation programs. We are confident that with heightened levels of communication we will be able to ensure as smooth a transition for all assignees into Africa. In our business we are generating a Virtual Orientation Tour which will be presented to clients in a video format which will give them from their home country or from their Quarantined Accommodation a view of the city they are relocating too, it will cover all aspects of a traditional Orientation ensuring it encapsulates the full experience. This will potentially assist clients who are considering talent to be relocated to either convince them to consider the assignment without a physical orientation tour. Look out for the launch in August 2020. The impact on the customer experience would be to reduce duplicity through efficient digital integration and enhance experiences such as orientation tours virtually, however relocating an assignee to a new host location with a virtual orientation tour, virtual property tours and possible sight unseen scenarios of properties which will lead assignees to potentially be feeling even less comfortable and requiring more human interactions with the local ground team. We need to ensure we are providing Certainty in the new style of delivery and not only concerned about the costs, the assignee&rsquo;s well-being should be at the forefront of any company&rsquo;s mind. Wit

Dis-Chem found guilty of contravening Competition Act over face mask prices

Dis-Chem found guilty of contravening Competition Act over face mask prices The Competition Tribunal said that the company abused its dominance when it hiked the prices. A Dis-Chem store: Picture: Dischem Facebook Page Sifiso Zulu | 20 minutes ago JOHANNESBURG - The Competition Tribunal has found Dis-Chem pharmacies guilty of contravening the Competition Act by selling surgical face masks at excessive prices during the COVID-19 pandemic. The retail group has been ordered to pay an administrative penalty of over R1 million. Dis-Chem is alleged to have hiked the price by between 43% and 261%. The tribunal said that the company abused its dominance when it hiked the prices. TRIBUNAL FINES DIS-CHEM R1.2 MILLION FOR EXCESSIVE PRICING OF FACE MASKS DURING COVID-19 PANDEMIC https://t.co/v0nlmtVIpA - Competition Tribunal (@comptrib) July 7, 2020 Download the EWN app to your iOS or Android device.

Gauteng cellphone tower battery syndicate bust in KZN

Gauteng cellphone tower battery syndicate bust in KZN By Tumblr Private security officers in Verulam, north of Durban, have arrested two men who are believed to part of a major syndicate operating out of Tembisa in Gauteng that target cellphone tower batteries. Prem Balram, the director at Reaction Unit South Africa (RUSA) said officers arrested the two men on Tuesday following a lengthy search in Temple Valley area near Verulam in Kwazulu-Natal. "At approximately 07:38, RUSA received a call from an informer reporting suspicious activity at a cellphone tower on Valdin Crescent. Multiple Reaction Officers were dispatched to the call due to an increase in battery theft from cellphone towers, Balram said. "On arrival, Reaction Officers found a VW Touareg parked in a reverse position and the front gate leading to the tower open. As officers approached three suspects fled into a bush. A lengthy foot chase ensued which ended in one suspect being arrested on Lotus Road and his accomplice on Talwantsingh Road in Temple Valley. The third suspect is still at large. A VW Touareg (with no registration plates) which was one of two vehicles being used to load the stolen batteries was abandoned at the scene. An Isuzu bakkie with NRB registration plates and two other suspects was parked away from the scene and sped off as Reaction Officers approached the tower. One battery was found loaded in the back of the VW Touareg. The Gauteng registration plates were found on the front passenger seat. Several house break-in implements were also recovered, he said. Balram said that during questioning the suspects said they were from Tembisa in Gauteng. They apparently arrived in Durban on Monday and booked into a Bed &amp; Breakfast in Inanda. During their time in Durban they allegedly broke into four cellphone towers on the North Coast of Durban and stole several Lithium Iron battery&rsquo;s valued at R30 000 each. The batteries belong to MTN. "One of the suspects claimed to be a waiter and his accomplice a

GROWTHPOINT PROPERTIES LIMITED - TRP121: Disclosure of interest in securities - SENS

TRP121: Disclosure of interest in securities Growthpoint Properties Limited Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Registration number 1987/004988/06) Share code: GRT ISIN ZAE000179420 ("Growthpoint) TRP121: DISCLOSURE OF INTEREST IN SECURITIES In compliance with section 122(3)(b) of the Companies Act 71 of 2008 ("the Companies Act), regulation 121(2)(b) of the Companies Act Regulations, 2011 and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Growthpoint has received notification from Prudential Investment Managers (South Africa) Pty Ltd ("Prudential) that Prudential&rsquo;s shareholding in Growthpoint has decreased such that the total beneficial interest of Prudential now amounts to 4.92% of Growthpoint&rsquo;s total issued ordinary shares. As required in terms of section 122(3)(a) of the Companies Act, Growthpoint has filed the required notice with the Takeover Regulation Panel. Sandton Investec Bank Limited Date: 07-07-2020 05:41:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (&lsquo;JSE&rsquo;). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Brazil President Bolsonaro tests positive for coronavirus - Breaking news, special reports, world, business, sport coverage

Brazil President Bolsonaro tests positive for coronavirus 7 July 2020, 6:24 PM | Reuters | @SABCNews Image: Reuters Brazil's President Jair Bolsonaro adjusts his protective face mask at a press statement during the coronavirus disease (COVID-19) outbreak in Brasilia, Brazil, March 20, 2020. Picture taken March 20, 2020. Brazilian President Jair Bolsonaro said on Tuesday he tested positive for the novel coronavirus, adding in a television interview that he was in good health despite running a fever. The right-wing populist, who has played down the severity of the virus which he has called a "little flu, took the test on Monday after developing symptoms. In the interview broadcast on state-run TV Brasil, Bolsonaro said he began feeling ill on Sunday and has been taking hydroxychloroquine, an anti-malarial drug with unproven effectiveness against COVID-19. Brazil has the world's second-largest outbreak behind the United States. Latin America's largest country has more than 1.6 million confirmed cases and 65 000 COVID-19 deaths. Bolsonaro has repeatedly defied local guidelines to wear a mask in public, even after a judge ordered him to do so in late June. Bolsonaro has also railed against social distancing rules supported by the World Health Organisation. Over the weekend, Bolsonaro attended several events and was in close contact with US Ambassador Todd Chapman during July 4 celebrations. Pictures showed neither wearing a mask. The US embassy in Brasilia said via Twitter on Monday that the ambassador had lunch on July 4 with Bolsonaro, five ministers and the president's son, Congressman Eduardo Bolsonaro. The ambassador had no symptoms, but would undergo testing and is "taking precautions, the embassy said. This entry was posted on 07 Jul 2020,06:24PM at 6:24 PM and is filed under Coronavirus , World . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Parents deregistering children to avoid paying school fees - Breaking news, special reports, world, business, sport coverage

Parents deregistering children to avoid paying school fees 7 July 2020, 5:43 PM | Angela Bolowana | @SABCNews Image: SABC News The COVID-19 pandemic has resulted in most learners losing half of the school year and parents questioning why they should continue paying fees. Parents are deregistering their children from school to avoid paying school fees, while on the other hand, some schools are reporting that parents are defaulting on paying fees because they have lost their jobs. Other parents are refusing to pay because their children have not been going to school. This appears to have mainly affected lower grades and pre-schools. The COVID-19 pandemic has resulted in most learners losing half of the school year and parents questioning why they should continue paying fees. A single parent of a Grade 9 learner, who attends a public school, is struggling to pay the R4 000 monthly school fee. And now with the current pandemic, her situation is even worse. "The school fees are almost R4 000 a month. Sometimes I won't be able to pay, but you can negotiate with the school. They give you terms on how to pay, but that's not good enough. It's going to be worse this year (2020) because we haven't been paying for months and we are waiting for feedback, says the parent. The last time she paid school fees was in March. She does not understand why she should keep paying because, although her son is doing some online education, she feels she is the one shouldering the burden and not the school. "It is unfair because this online thing, it's us again who are buying the data; it's us again who are assisting them. We are using our own things now. So, why am I paying school fees? For material, everything, my data; if there's research, I have to buy data for him. In the video below, online learning is discussed: She's not the only one struggling. School governing bodies say many schools are battling because parents are not meeting their financial obligations to schools. Chairperson of the Federation for South

Cameroon activist campaigns against colonial monuments - Breaking news, special reports, world, business, sport coverage of

Cameroon activist campaigns against colonial monuments 7 July 2020, 5:18 PM | Reuters | @SABCNews Image: Reuters Andre Blaise Essama, a Cameroonian activist who wants to purge his country of colonial-era symbols, walks beside his bicycle in Douala, Cameroon July 2, 2020. Activist Andre Blaise Essama has been battling to purge Cameroon of monuments celebrating its French colonial past and replace them with local heroes long before protests swept the world after the death of George Floyd. Essama has flogged, beheaded and toppled statues honouring the French colonial era, earning himself arrests, fines and jail time for vandalism. Over the years, one monument has drawn his particular ire - a statue of French World War Two general Philippe Leclerc who was sent by Charles de Gaulle to the colony to rally local leaders and conscripts to help free France from Nazi occupation. "I have removed General Leclerc's head seven times. I buried them in my village, Essama, a 44-year-old former computing engineering student, told Reuters. The authorities replaced the head each time. A wrought iron fence was built in 2015 to protect the monument but that has not stopped Essama. The French general's place is in a museum, he said. He does not want Leclerc and other colonial administrators to be erased from history but believes they should not be celebrated in Cameroon's public spaces. The statue of Leclerc, leaning on a cane in front of a commemorative mural, was inaugurated in 1948. It stands by the central post office in the administrative district of Cameroon's commercial capital Douala. The area is dotted with colonial vestiges. Opposite the monument is a square named after Leclerc, which contains a memorial to French and allied World War One soldiers and sailors. The main avenue from the square, one of the longest in Douala, is named after General de Gaulle. "National monuments are important. They impact national memories and evoke national pride, Essama said, dusting dirt off a statue of Cameroonian foot

An inspiring small business success story

Sponsored content 7.7.2020 10:27 am An inspiring small business success story Aiden Sookdin The under-serviced small business market is full of untapped potential and allows innovative funders, who are able to tailor business-specific solutions, to help these companies reach their full potential. Picture: Supplied How to fund your small business on your own terms Many small businesses are struggling to manage the financial environment in which they operate, especially during the Covid-19 pandemic. They need assistance with financial literacy, financial planning, legal backing and effective money management. The under-serviced small business market is full of untapped potential and allows innovative funders, who are able to tailor business-specific solutions, to help these companies reach their full potential. This is the inspiring story of The Bread Box Bakery, one of the first small start-up businesses to receive funding from VodaLend | Business Term Advance. The company&rsquo;s founder, Matlhogonolo Ledwaba, explains that since starting her business in 2017, she soon needed to expand her business but sourcing the right funding was a significant challenge. After appealing unsuccessfully for funding from the banks, she approached VodaLend which forms part of Vodacom Financial Services. The requirements were simple and the application process was quick and user-friendly. With funding secured, Matlhogonolo was able to purchase an industrial scale oven as well as equipment needed to start a baking school in the local community. "The simple application process, which requires no paperwork, no waiting or visiting a branch, was refreshing. The VodaLend team has become part of our Bread Box Bakery family, says Matlhogonolo. "There is no doubt that VodaLend Business has made a material difference to our business. We have been able to expand our product range to include bread, cakes, rolls and desserts. The increase in business means we can employ more people and our customer base now includes

South Africa faces battle to rein in spending: Fitch - Breaking news, special reports, world, business, sport coverage of al

South Africa faces battle to rein in spending: Fitch 7 July 2020, 8:43 PM | Reuters | @SABCNews Image: Reuters The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. South Africa&rsquo;s plans to rein in government spending will be hard to implement due to low economic growth, ratings agency Fitch said on Tuesday, adding the country had a poor track record of delivering debt and spending cuts. Finance Minister Tito Mboweni said in an emergency budget in June that the government deficit would widen to 14.6% of gross domestic product in the 2020/21 fiscal year, while debt would jump to 81.8% of GDP. However, the Treasury stuck with its promise of around 230 billion rand ($13.5 billion) of spending cuts in the short term, a target set in February before the COVID-19 pandemic. This has been criticised by unions and some economists, who believe the government should ramp up spending to drag the economy out of recession. "They have had previous plans to achieve a primary balance, which would have required smaller adjustments, and those have been abandoned. So the track record of following up on such plans isn&rsquo;t really there, said Fitch&rsquo;s head of Africa sovereign ratings Jan Friederich during a webinar. Fitch downgraded South Africa&rsquo;s credit rating deeper into "junk territory in April, citing the lack of a clear path towards debt stabilisation and higher economic growth. The other top ratings firms, Moody&rsquo;s and S&amp;P, also rate the country at sub-investment grades. Africa&rsquo;s most advanced economy contracted for the fourth time in five quarters in the three months to March, before the pandemic. The Treasury estimates GDP will shrink 7.2% this year. This entry was posted on 07 Jul 2020,08:43PM at 8:43 PM and is filed under Coronavirus , Business . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Shareholder activists grill Santam about 'business interruption insurance'

Shareholder activists grill Santam about 'business interruption insurance' 7 July 2020 6:47 PM by Kabous le Roux Share This: The lockdown did it - not the pandemic - so we can&rsquo;t pay, argues Santam. Bruce Whitfield interviews Tracey Davies of Just Share. An almighty battle is waging between businesses - particularly those in the decimated hospitality industry - and insurers. Many business owners took out "business interruption insurance which specifically covers losses that include those suffered due to interruption by an infectious or contagious notifiable disease. Covid-19 is just that. However, most insurance companies argue that it&rsquo;s the lockdown - not the pandemic - that is responsible for their clients&rsquo; business interruption. Santam&rsquo;s AGM was an excellent illustration why electronic, virtual AGMs are not a substitute for in-person AGMs it wasn&rsquo;t well-structured or clear how questions could be asked. Those who did ask were shut down pretty quickly Tracey Davies, Director - Just Share The court found unequivocally that Covid-19 is the cause, not the lockdown In true South African fashion, Santam says it&rsquo;s studying the judgment. It didn&rsquo;t budge an extraordinary gulf between Santam&rsquo;s public words and its stance towards policyholders. Tracey Davies, Director - Just Share a massive company with very deep pockets - Santam today assured shareholders that, even it had to pay out these claims in full, it&rsquo;s balance sheet will be fine These companies must explain the gap between the PR and actual action on the ground. Tracey Davies, Director - Just Share Listen to the interview in the audio below. 7 July 2020 6:47 PM

Kenyan police fire teargas, arrest marchers protesting at brutality - Breaking news, special reports, world, business, sport

Kenyan police fire teargas, arrest marchers protesting at brutality 7 July 2020, 4:04 PM | Reuters | @SABCNews Image: Reuters A policewoman detains a female activist covered with a flag during anti-government protests dubbed "Saba Saba People's March", in downtown Nairobi, Kenya July 7, 2020. Kenyan police on Tuesday fired teargas and arrested activists gathering for a march against perceived government injustice that has been given extra impetus this year by allegations by rights groups of police brutality during the COVID-19 lockdown. Activists said protesters from several areas had planned to march from their homes to the centre of the capital Nairobi, but many were dispersed or arrested before reaching there. Samuel Kiriro said six of his colleagues from rights group the Ghetto Foundation in the Mathare slum had been arrested. For those who made it into the city centre, police fired more teargas and made further arrests, a Reuters witness said. Activists rally each year on July 7, marking the date in 1990 when opponents of late president Daniel Arap Moi launched a bid to open up multiparty politics. The protest is called "Saba Saba - "seven seven in Swahili - because of the date. This year, protesters have been galvanised by mounting accusations of police brutality during the coronavirus lockdown. "The police have been killing a lot of people During this pandemic, it has gotten worse, said Michael Njau, an activist at Kiamaiko Justice Centre. Police were not immediately available to respond to multiple requests for comment. Rights group Amnesty International said Kenyan police had killed at least 100 people in 2020, with 21 related to COVID infractions, such as curfew or mask violations. In March, in the first 10 days of the curfew, at least six people were killed, Human Rights Watch has said. Over the weekend, protesters in western Kenya set fire to a police station after an officer allegedly killed a hawker for selling fake hand sanitisers. The officer was taken into police custody,

Barrett Business Services, Inc. (NASDAQ:BBSI) Expected to Post Earnings of $0.93 Per Share

Barrett Business Services, Inc. (NASDAQ:BBSI) Expected to Post Earnings of $0.93 Per Share Posted by Alphonse Anthony on Jul 7th, 2020 Tweet Wall Street analysts expect that Barrett Business Services, Inc. (NASDAQ:BBSI) will report earnings of $0.93 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Barrett Business Services&rsquo; earnings. Barrett Business Services posted earnings of $1.81 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 48.6%. The business is expected to report its next quarterly earnings report on Tuesday, August 4th. On average, analysts expect that Barrett Business Services will report full year earnings of $3.20 per share for the current fiscal year, with EPS estimates ranging from $3.14 to $3.25. For the next financial year, analysts forecast that the business will report earnings of $5.30 per share. Zacks Investment Research&rsquo;s EPS averages are an average based on a survey of analysts that follow Barrett Business Services. Get Barrett Business Services alerts: Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, May 5th. The business services provider reported ($0.45) EPS for the quarter, missing the Thomson Reuters&rsquo; consensus estimate of ($0.29) by ($0.16). Barrett Business Services had a return on equity of 29.92% and a net margin of 5.00%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.46 billion. Several equities research analysts have commented on the company. Sidoti boosted their target price on Barrett Business Services from $77.00 to $82.00 and gave the company a "buy rating in a research note on Tuesday, June 23rd. BidaskClub raised Barrett Business Services from a "sell rating to a "hold rating in a research note on Thursday, June 25th. Barrington Research lifted their price target on shares of Barrett Business Services from $52.00 to $62.00 and gave

Mabuyane takes swipe at those using pandemic to enrich themselves - Breaking news, special reports, world, business, sport c

Mabuyane takes swipe at those using pandemic to enrich themselves 7 July 2020, 4:08 PM | Lubabalo Dada | @SABCNews Image: SABC News The Eastern Cape has the third largest coronavirus cases in South Africa. Eastern Cape Premier Lubabalo Oscar Mabuyane has taken a swipe against those who are using this pandemic to enrich themselves. He expressed concern about reports of alleged corruption in the OR Tambo District Municipality. This follows a suspicious door-to-door awareness campaign on coronavirus which amounted to R4 million. Mabuyane says an investigation into this alleged corrupt activity is under way. "I have written to the president asking for SIU. MEC for Cogta and Treasury are working on a preliminary investigation on the allegations that have emerged, fiscal dumping, payment of money to service providers that have not done any work - all that packaged together. We are dealing with that situation in OR Tambo. Mabuyane has also appealed to citizens of the province to take full responsibility in the fight against the spread of the coronavirus. Briefing the media in Bhisho, Mabuyane says they have adopted a strategy where people will be at the forefront of the fight against the spread of the virus. He explains that this will be done through the establishment of ward command committees. The Eastern Cape currently has the third-highest number of infections in the country. Below is the Premier media briefing: The Eastern Cape currently is sitting with 38 081 cases of positive cases of the virus with 528 recorded deaths. The adopted community based rapid response strategy is aiming at reinforcing the fight against the spread of the virus. Eighty-seven wards in the Buffalo City Metro and the Nelson Mandela Bay Metro have been identified as those that need urgent intervention. Premier Lubabalo Oscar Mabuyane says every citizen must take part in the fight against the virus. "(We are) calling for a paradigm shift from a top-down to a bottom-up approach. Currently, (we) are not complying with re

HSBC to cut 38% of global banking and markets jobs in France

INTERNATIONAL HSBC France seeks to cut 255 of 678 jobs in its French global banking and markets unit by end 2021 as part of a broader plan to reduce costs a union said on its website. The bank last month resumed plans to cut around 35 000 jobs globally which were put on ice after the coronavirus outbreak as Europe s biggest bank grapples with the impact on its already falling profits. An HSBC spokeswoman in Paris said that the bank had presented a strategy for Global Banking and Markets to staff in France. Its principle would be to reallocate capital and resources to overcome the structural challenges in this business to focus on profitable activities reduce the cost base and thus safeguard our competitiveness the bank said in an emailed statement. HSBC France seeks to cut 255 of 678 jobs in its French global banking and markets unit by end 2021 as part of a broader plan to reduce costs a union said on its website. Photo: Lim Huey Teng It added that its strategy was to be a leading international bank in Europe and to continue to have an anchor in Paris that would help provide access to continental Europe for clients around the world. The bank s FO union said on its website that the departures will take place on a voluntary basis but if there were not enough volunteers there would be layoffs for economic reasons . French news daily Les Echos reported the cuts earlier on Tuesday. Reuters

Thinking About Starting A Business? Consider These Things, Then Go For It

Thinking About Starting A Business? Consider These Things, Then Go For It http://www.safrica24.com/video/watch/thinking-about-starting-a-business-consider-these-things-then-go-for-it/255853-safrica24 July 07, 2020 12 According to Business Insider, research shows that Americans who work for themselves report high levels of happiness and satisfaction.And considering the US now has a higher rate of unemployment than during the Great Depression, perhaps it's time to think about creating your own job.If you're thinking about starting your own business, the first thing to do is to get started. Think about what you want to do or sell, and if there's a market for it.If so, create a business plan and start working it. Raise the money, negotiate the space and supplies, and develop a timeline.Be sure to feature a digital aspect for your business. These days, relying on foot traffic or face-to-face meetings exclusively is folly.Finally, dig out your list of contacts and start spreading the word. Remember, the people who win are the people who take action.The people with the best ideas, even if they're the most talented, if they don't act, they never get the results that they want. Nothing replaces action. Susie Moore Author, 'Side Hustle Made Simple'

Norquist's anti-spending group took small business relief

Norquist's anti-spending group took small business relief Ben Brody, Bloomberg Published 9:52 am EDT, Tuesday, July 7, 2020 The Americans for Tax Reform Foundation, a conservative-allied group headed by anti-tax activist Grover Norquist, took Covid-19 small business relief funds from the federal government, according to data released Monday. The nonprofit foundation -- which advocates restraint in government spending and says it works to educate taxpayers on "costly government programs" -- took a loan between $150,000 and $350,000 from the Paycheck Protection Program, according to the data disclosed by the Small Business Administration, which is overseeing approval of loans to address the economic devastation from the pandemic. Norquist, a prominent conservative activist, is known for pushing Republicans to take a pledge not to increase net taxes in an effort to slim the government. The foundation is related to Americans for Tax Reform, which is allowed to participate in a greater array of political activities and engages in federal lobbying, according to disclosures. Lawmakers had expressed concern that the array of nonprofits that had access to the funds would result in relief funds going to lobbyists. A statement on Americans for Tax Reform's website said the foundation "was badly hurt by the government shutdown." "It applied for and received a loan and has as a consequence been able to maintain its employees without laying anyone off," the statement said, adding that the political group didn't oppose the PPP. Americans for Tax Reform and its foundation -- which the statement described as "legally and financially separate" -- share leadership, an office building near the White House and a phone number. The foundation's loan was approved in late April to support 33 jobs, according to the data.

Business Archives - Page 87 of 87

South Africa Today 1 ... 85 86 87Page 87 of 87 First Name * Lists Summary of top News Articles This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

South Africa's Massmart says 1 800 Game jobs at risk - Breaking news, special reports, world, business, sport coverage of al

7 July 2020, 9:47 PM | Reuters | @SABCNews Image: Reuters Shoppers stand outside the outlet for Massmart-owned Game Store in Polokwane, Limpopo province, South Africa, June 1,2019. South Africa retailer Massmart Holdings Ltd has started talks with unions to cut up to 1,800 jobs at the company&rsquo;s struggling Game stores as constrained spending and the new coronavirus weigh on performance, the company said on Tuesday. Majority-owned by Walmart and operator of supermarkets and wholesalers such as Makro and Game, Massmart said talks began after it assessed the efficiency of the stores. Massmart said it was implementing a new operating model at Game after its "indifferent performance in the 2019 financial year and the negative impact of trading restrictions because of the pandemic on sales. The company said it would not close any of its Game stores, however. Game, a general merchandise chain, has been a drag on group profit as financially-constrained customers prioritise spending on non-durables, such as food, over spending on goods such as appliances. The group lost 4.6 billion rand ($268 million) in sales during a strict nine-week lockdown. The potential job cuts would represent around 3% of Massmart&rsquo;s total workforce. Job cuts are a politically-sensitive issue in South Africa, where unemployment stands at around 30%. Game joins some of the country&rsquo;s big firms such as steel producer ArcelorMittal South Africa Ltd, food producer Tiger Brands and third-biggest telecom operator Cell C, which have already announced plans to cut jobs. This entry was posted on 07 Jul 2020,09:47PM at 9:47 PM and is filed under Coronavirus , Business . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Uganda: Floods Disrupt Traffic, Business in Kampala

Uganda Uganda: Floods Disrupt Traffic, Business in Kampala 7 July 2020 By Eric Dominic Bukenya Whenever the skies open, transport and businesses in most parts of Kampala comes to a halt. Yesterday traffic came to a standstill after a downpour that lasted more than three hours, causing flooding on different roads in Kampala. The most affected roads were Queens Way and Mulwana Road. The flooding is partly attributed to the ongoing construction works at the Kampala flyover project which commenced last year. City suburbs such as Kasubi, Katanga, Kisenyi, Nalukolongo, Kabuusu, Katwe, Namungoona, Kyambogo and Kinawataka, were also affected. Other flooding-prone areas in the city include Queen's Way, Ssebaana Kizito Road (Former Nakivubo Mews), Kabuusu junction, Jinja Road roundabout and Kyambogo-Banda. Kampala Capital City Authority has upgraded a number of drainage channels to divert floods. However, the problem seems far from over. Read the original article on Monitor . Tagged: Uganda: Banana Disease Caused By Insects, Scientists Say(Monitor) AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals , representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica . To address comments or complaints, please Contact us . AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 800 news and information items daily from over 140 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.

SNT - SANTAM LIMITED - Business interruption claims update following the Annual General Meeting - 07/07/2020

SANTAM: 27,330 +380 (+1.41%) 07/07/2020 16:52 SANTAM LIMITED - Business interruption claims update following the Annual General Meeting Release Date: 07/07/2020 16:28 Wrap Text Business interruption claims update following the Annual General Meeting SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 JSE Share Code: SNT &amp; ISIN: ZAE000093779 NSX share code: SNM (&lsquo;Santam&rsquo; or the &lsquo;Company&rsquo;) BUSINESS INTERRUPTION CLAIMS UPDATE FOLLOWING THE ANNUAL GENERAL MEETING In a matter pertaining to its Contingent Business Interruption insurance cover, Santam, through its Hospitality and Leisure insurance division, will today be delivering an opposing affidavit in an application brought against Santam in the Western Cape High Court by an insured hotel group. Santam understands the financial distress on the businesses and individuals impacted by the National Lockdown to combat COVID-19, and has contributed significant funds towards financial relief during this crisis. Notwithstanding this, Santam can only commit to paying claims in line with its policy provisions. We do also recognise the public interest in this matter and are therefore seeking legal certainty by having this matter speedily determined by the courts of South Africa. Santam is aware of a High Court judgment in relation to a claim against another insurer, which was handed down in favour of the claimant very recently. We are currently studying the judgement closely. We remain confident of our interpretation of causation as it applies to COVID-19 related business interruption losses, and have made appropriate provisions for such claims. Our balance sheet is sufficiently robust to accommodate either interpretation of cover. 7 July 2020 Cape Town Sponsor: Investec Bank Limited Date: 07-07-2020 04:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not,

Britain jeopardising China relationship, says Huawei's UK boss - Breaking news, special reports, world, business, sport cove

Britain risks throwing away its long-standing relationship with China if it bans Huawei from its 5G networks at the behest of the United States as part of a global battle for technological supremacy , the UK chairman of the tech group told Reuters. John Browne, a pre-eminent voice in UK Plc and former head of oil giant BP, said Huawei had become a political football in an escalating trade dispute between the two superpowers, and Britain risked being damaged in the process. Britain granted the telecoms group a limited role in its 5G network earlier this year, but new U.S. sanctions on chip technology have put its status as a reliable supplier in doubt, and ministers are likely to take a tougher stance. "There is no diplomacy here, Browne said during a Reuters Events virtual &lsquo;Build Back Better&rsquo; symposium in London. "The UK has had a very long relationship with China and I hope it&rsquo;s not one that they simply throw away. Browne, in his final term as chairman of Huawei UK, said when he joined six years ago, no one could pronounce the company&rsquo;s name or knew what it did. "It&rsquo;s become very, very visible indeed, and it has become a football between the United States and China, he said. The United States had seen the ascendancy of China in technologies such as 5G and AI, he said, mirroring the space race in the 1950s when Russia was first to launch a satellite. "A very similar reaction is occurring now, because it&rsquo;s always been in the interests of the US to be ascendant in this area, it&rsquo;s been good for the world as well, said Browne, a veteran of navigating geopolitical tensions through his time at BP dealing with Russia. Were Britain to bar Huawei from its 5G networks, the future of the Chinese company in a country where it has invested millions of pounds in research and development would be in doubt. "They have clearly a lot of business, everything from smartphones through to 3 and 4G as well as this proposed 5G, he said. "If the

Montreal CMA: Condominium and Plex Markets on the Island of Montreal Limit the Strong Rebound in Residential Sales

Mining Montreal CMA: Condominium and Plex Markets on the Island of Montreal Limit the Strong Rebound in Residential Sales L&rsquo;&Icirc;LE-DES-S&OElig;URS, Quebec, July 07, 2020 (GLOBE NEWSWIRE) - The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its most recent residential real estate market statistics for the Montreal Census Metropolitan Area (CMA), based on the real estate brokers&rsquo; Centris provincial database. In total, 4,980 residential sales transactions were concluded in June 2020, a 16 per cent increase compared to June of last year. This represents a considerable rebound in the number of transactions in the Montreal CMA and the highest level of sales ever recorded for a month of June since the Centris system began compiling market data. "The number of sales rebounded significantly in June after registering an historic drop in April and a stabilizing month of May. While it&rsquo;s true that this upturn is largely due to the finalizing of an accumulation of transactions that had been postponed since the start of the health crisis, it should nevertheless be noted that, despite the context, consumer confidence is there and demand remains strong, said Julie Saucier, president and chief executive officer of the QPAREB. "Generally speaking, market conditions continue to be very favourable for sellers in the Montreal CMA, leading to ongoing price increases. However, it&rsquo;s important to note the historic increase in new condominium listings on the Island of Montreal (+83 per cent) and the absence of a sustained sales recovery for this property category, she added. Sales by geographic area All six main areas of the Montreal CMA registered an increase in sales compared to June of last year. The strongest increases were in Vaudreuil-Soulanges (+44 per cent), on the North Shore (+38 per cent) and in Saint-Jean-sur-Richelieu (+37 per cent). The other markets on the Montreal CMA periphery also benefitted from the recovery, alb

As lockdowns ease, how have global property markets fared?

As lockdowns ease, how have global property markets fared? admin 0 Comments Global Property Market , International Property , Property Investment , Real Estate Investment As the Covid-19 pandemic sent much of the world into lockdown, significantly negatively impacting the world economy, global real estate activity slowed dramatically. Now the majority of countries around the world are loosening restrictions, with many people returning to the workplace. But how have property markets responded? Citing Savills Global Market Sentiment Survey, Dr Andrew Golding, chief executive of the Pam Golding Property group, which is the Savills associate partner for the Sub-Saharan African region, says while some 58% of respondents to the survey stated that debt was less readily available and on worse terms than usual, South Africa bucked the global trends with a prime interest rate at 7.25% which represents a 47-year low. Says Dr Golding: "In South Africa in May (2020), home loans extended to first-time buyers surged to 56.2% of total mortgages extended via ooba, although these figures are most likely distorted by a pent-up demand resulting from a slump in activity during lockdown. Furthermore, pre-qualified buyers continue to enjoy a high approval rate of 88.5%, however, those not pre-qualified experienced a sharp drop (73.8%) during the same period. (Source ooba) Meanwhile in Europe, according to Savills&rsquo; survey, lending rates have as much as doubled for some core German offices, while in the US a survey by the Federal Reserve found that banks had tightened lending standards across all major commercial real estate loan categories. Positively, according to Savills&rsquo; survey, the UK&rsquo;s prime residential market has seen a remarkable recovery in activity levels since the surprise reopening of the housing market in England on May 13, but remains price sensitive given an uncertain economic backdrop. "Market activity has been buoyed by pent-up demand, in part at least, but we have be

South Africa: 'It's Not Business As Usual' At UCT

South Africa South Africa: 'It's Not Business As Usual' At UCT 7 July 2020 University of Cape Town (Cape Town) The University of Cape Town's (UCT) COVID-19 Return to UCT policy framework does not signal business as usual for the campus community. This according to Dr Reno Morar, the chief operating officer of the university. The policy framework has been instituted to guide faculties and departments across the university on a partial, phased-in return to campus on an invitation-only basis. This, Morar explained, means that only staff and students who receive a personal invitation (addressed to the student or staff member) to return to UCT will be allowed on campus. The health and safety of staff and students, as well as their families is of utmost concern, and Morar said those invited to return to campus will be required to follow stringent hygiene and physical distancing rules. He said the policy framework provides a way for the UCT community to take "individual and collective responsibility" for managing the impact of COVID-19 on the Western Cape, as well as nationally. Morar urged UCT staff and students to take "personal responsibility" and to continue working remotely unless otherwise advised.

Police nab two armed robbery suspects in KZN - Breaking news, special reports, world, business, sport coverage of all South

Police nab two armed robbery suspects in KZN 7 July 2020, 8:06 PM | SABC | @SABCNews Image: SABC News It is believed that the suspects forced their way into the house, attacking a father and his daughter and tying them up with an extension cord. It is believed that the suspects forced their way into the house, attacking a father and his daughter and tying them up with an extension cord. They allegedly demanded money and cellphones. Provincial Police Spokesperson Thembeka Mbhele says the suspects were nabbed during a police operation on the R102 near Ballito. "The Umhlali Task Team was busy conducting an operation on the R102 near Ballito when the stolen vehicle was spotted. The said vehicle was intercepted and it was found to have had two occupants. Both occupants were questioned about the vehicle but they didn't explain to the satisfaction of the police members. Then they were placed under arrest. Two suspects aged 22 and 30 are expected to appear before the Umhlali Magistrate's Court facing the charges of possession of stolen property and house robbery, says Mbhele. This entry was posted on 07 Jul 2020,08:06PM at 8:06 PM and is filed under South Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Barrett Business Services' (BBSI) "Buy" Rating Reaffirmed at Barrington Research

Barrett Business Services&rsquo; (BBSI) "Buy Rating Reaffirmed at Barrington Research Barrett Business Services&rsquo; (BBSI) "Buy Rating Reaffirmed at Barrington Research Posted by John Perry on Jul 7th, 2020 Tweet Barrett Business Services (NASDAQ:BBSI)&lsquo;s stock had its "buy rating restated by investment analysts at Barrington Research in a report released on Tuesday, AnalystRatings.com reports. They currently have a $62.00 price target on the business services provider&rsquo;s stock. Barrington Research&rsquo;s target price would indicate a potential upside of 19.53% from the stock&rsquo;s previous close. Other analysts have also issued reports about the company. Sidoti boosted their price objective on Barrett Business Services from $77.00 to $82.00 and gave the company a "buy rating in a report on Tuesday, June 23rd. Zacks Investment Research upgraded Barrett Business Services from a "sell rating to a "hold rating in a report on Tuesday, April 28th. TheStreet cut Barrett Business Services from a "b- rating to a "c+ rating in a research note on Monday, March 16th. Finally, BidaskClub raised shares of Barrett Business Services from a "sell rating to a "hold rating in a report on Thursday, June 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company&rsquo;s stock. The stock currently has an average rating of "Hold and a consensus target price of $88.75. Get Barrett Business Services alerts: NASDAQ:BBSI traded down $0.75 during trading hours on Tuesday, hitting $51.87. The stock had a trading volume of 68 shares, compared to its average volume of 56,955. The company has a market cap of $387.40 million, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.34 and a beta of 1.57. The business has a 50 day simple moving average of $50.28 and a two-hundred day simple moving average of $60.95. Barrett Business Services has a 1-year low of $27.25 and a 1-year high of

Lagos COVID-19 Task Force invades homes, markets, streets •Pregnant woman urinates in her pants while being pushed into

Spread the love By CHIMA NWAFOR Members of the Lagos State Task Force on COVID-19 with armed policemen have been indiscriminately arresting people on the streets and homes in high-density areas since the law took effect Monday, July 6, according to reports reaching News Express. While a caller from Igando said that they are arresting people mainly in the market area and bus-stops, throwing victims into the Black Maria, the caller from Idiagbon in Ijaiye area of Ogba paints a picture of harassment and abuse of the law. According to our source, the densely populated neighbourhood witnessed an invasion of the street from about 10.30 am to 1 pm Tuesday by the Task Force with four pick-up vans and a Black Maria bus, which broke down with the unfortunate victims inside. "People who were coming out from their residents were being arrested for not wearing face masks; children on errand and adults who stepped out to neighbouring houses to buy their breakfast found themselves in the iron grips of the Nigerian police, the source said. Our source cited an ugly scenario where a young girl of about 12 years, who on hearing the noise and pon pon beeping from the police van came out to their balcony; and was chased by two-armed policemen into the one-storey building, with a police officer yelling, "You're not wearing your face mask! The enforcement officers allegedly climbed up and began banging on doors and screaming threats, unless the small girl was fished out until the elderly landlord came out and intervened. Some viral video clips on the social media show the Task Force in some areas of Lagos where people are also harassed and bundled into the Black Maria like common criminals. In one of the videos, a pregnant woman had to wee wee in her pants as men of the Task Force tried to forcibly push her into the waiting Black Maria. News Express made efforts to reach the Speaker, Lagos State House of Assembly, RT Hon Obasa, the authority which made the law on wearing of facemasks, but his phone rang out. In

Question to the Minister of Small Business Development - NW1156

06 July 2020 - NW1156 Wessels, Mr W to ask the Minister of Small Business Development (1)With reference to her reply to question 916 on 5 June 2020, what (a) is the name of each company from which the specified goods and/or services were purchased, (b) is the amount of each transaction and (c) was the service and/or product that each company rendered; (2) whether she will make a statement on the matter? NW1456E 1. (a) (c) The following goods were procured: 75 Laptops and 75 Laptop bags from Massmart Stores for a total of R682 350.00. 75 Data cards and 75 Wi-Fi routers through the RT 15/2016 (Vodacom) for R43 038.75. 1000 Masks from Hlathi Developments and Enterprises (Pty) Ltd for R35 750.00 2. No

Survey says IT leaders don't "think human" and that hurts business - htxt.africa

htxt.africa Survey says IT leaders don&rsquo;t "think human and that hurts business By Tweet on Twitter We are constantly told that companies care about employees, that people are at the centre of everything Company X does or that if it weren&rsquo;t for the people, Company Y wouldn&rsquo;t exist. It&rsquo;s curious and mildly infuriating then that in a survey of 1 000 IT managers across the Europe, Middle East and Africa (EMEA) region, only six percent consider how technology will affect users when making new investments. Unsurprisingly, 47 percent of managers surveyed said that users struggled to embrace new technology. For some bizarre reason, businesses forget that while new technology can bring about greater efficiencies and cost savings, that technology needs to be used by humans. When we were presented with this news a week ago by Lenovo Data Centre Group, which conducted the survey, we wanted to find out more about how businesses can - in the words of Lenovo Data Centre Group President for the EMEA region, Giovanni Di Filippo - think human. Giovanni Di Filippo, President of Lenovo&rsquo;s Data Centre Group, EMEA. The Lenovo DCG president tells us the six percent figure came as quite a shock. "This clearly says that in many organisations the users and the user experience are not top of mind. It&rsquo;s still the stakeholder and profit value, but it shouldn&rsquo;t be about that anymore, says Di Filippo. Should organisations take a more inclusive approach and integrate users in the process of implementing new technology, the success of the project will likely be much higher. "There is a strong correlation between really understanding and including your own human capital and the value of the outcome. When you take human capital into consideration you still create stakeholder and profit value, you just do it in a different approach. You take an inclusive and &lsquo;think human&rsquo; approach, explains Di Filippo. Leaders should involve employees mor

Western Cape schools struggling to deal with phased return of learners - Breaking news, special reports, world, business, sp

Western Cape schools struggling to deal with phased return of learners 7 July 2020, 8:27 PM | Corbin August | @SABCNews Image: Reuters [File image] Representatives at some schools in the Western Cape say they do not have capacity to accommodate returning learners. A principal of a school in the Western Cape, who requested to remain anonymous, says his school currently does not have the capacity to roll out adequate COVID-19 preventative measures. This is as more grades returned to school on Monday to join Grade 7 and matric learners, who started last month. The principal says overcrowding and a shortage of teachers are some of the main challenges they are facing. He says the high number of learners per class will make social distancing impossible. He says they are now considering alternating days for the different grades to attend school. "We may have to say to the other grades that they'll have to come in on alternative days because they can't simply be here everyday. We want the matrics to be here everyday, because of the importance of the matric exam and it's an entry-level exam, but to have the rest of the children here every single day, we simply do not have the capacity. Some educators at the Schotsche Kloof Primary School in the Bo-Kaap have questioned the return of learners in the heart of winter. Learners in Grades R, 6, and 11 returned to schools yesterday. "We can see the infections are rising rapidly everyday and yet children are expected to come to school. We have parents that have tested positive, but they send their children which leads to other children getting infected, carrying over the disease the virus to their families as well as the teachers, says an educator at Schotsche Kloof Primary, Naeela Gouda. Homeschooling Non-Governmental Organisation Equal Education says it is becoming increasingly important to support learning at home for school learners as South Africa battles to bring the effects of COVID-19 under control. This is after a number of schools across the coun

COVID-19 cases hit 5.9 million in Americas, half in Latin America, Caribbean: WHO - Breaking news, special reports, world, b

COVID-19 cases hit 5.9 million in Americas, half in Latin America, Caribbean: WHO 7 July 2020, 6:51 PM | Reuters | @SABCNews Image: Reuters A man has his temperature checked before boarding a flight to United States at Guarulhos International Airport amid the outbreak of the coronavirus disease (COVID-19), in Guarulhos, near Sao Paulo, Brazil, May 25, 2020. Latin America and the Caribbean now account for 50% of the COVID-19 cases in the Americas, and the number of registered cases continues to accelerate, the World Health Organization's regional director Carissa Etienne said on Tuesday. "This is a pandemic of staggering proportions and we have no option but to continue to put all our energy into controlling it, she said in a virtual briefing from Washington with Pan American Health Organization directors. PAHO wished Brazilian President Jair Bolsonaro a speedy recovery from his positive test result for COVID-19. "The message is that this virus in unpredictable and does not respect race, class or people in power, despite security around any president, said PAHO director for communicable diseases Marcos Espinal. For Brazil, the infection of its president should reinforce the need to strengthen implementations of social distancing recommendations and the use of masks to mitigate the spread of coronavirus, he said. Two months ago, the United States accounted for 75% of the COVID-19 cases in the Americas, she said, warning that the WHO sees acceleration of cases in several U.S. states, most of Central America and most of South America. Some of Latin America's most persistent problems have contributed to the scale of the pandemic in the region, Etienne said: inequality, political division and health systems that have been weakened by years of under-investment. This entry was posted on 07 Jul 2020,06:51PM at 6:51 PM and is filed under Coronavirus , Sci-tech . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

North West Premier Job Mokgoro tests positive for coronavirus - Breaking news, special reports, world, business, sport cover

North West Premier Job Mokgoro tests positive for coronavirus 7 July 2020, 5:40 PM | SABC | @SABCNews Image: SABC News North West Premier Job Mokgoro has tested positive for the coronavirus. North West Premier Job Mokgoro has tested positive for the coronavirus. Another MEC has also tested positive and is self-isolating. This comes a day after the provinces Cogta MEC Gordon Kegakilwe died of COVID19-related complications . Kegakilwe died in hospital on Monday afternoon after testing positive for the coronavirus last week. Eight other MECs, who were in contact with Kegakilwe, are reportedly in self-quarantine. Condolences continue to pour in for MEC Kegakilwe: This entry was posted on 07 Jul 2020,05:40PM at 5:40 PM and is filed under South Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Tips to keep your business afloat during the Covid-19 Pandemic

Tips to keep your business afloat during the Covid-19 Pandemic You are here: Home / Tips to keep your business afloat during the Covid-19 Pandemic (MyPR.co.za) By // by Guest PR Filed Under: General Business Unfortunately due the worldwide pandemic that we find ourselves in, businesses in most sectors seem to have seen a drastic drop in turnover. Since South Africa has implemented Level 3 of Lockdown, more businesses have had the opportunity to start operating again as close to "normal as they possibly can. Sadly for some industries, the wait to reopen continues. Premium, serviced office space providers Cube Workspace Managing Director, Jason Brooks gives a few practical pointers on how entrepreneurs can keep their business afloat during these uncertain times. Reinvent your business We cannot amplify enough how imperative this is. Times have changed for all of us and to survive, we have to adapt our businesses accordingly. Whether your business calls for face to face interactions or deliveries, we need to be smart with the changes that we implement. For example, if your business is in the beauty industry, why not create "at home beauty kits for your valued clients to still keep up with their beauty routines? You&rsquo;ll still be promoting your brand, as well as earning an income to keep afloat. You never know, perhaps your business can provide its product and service more remotely than you realized. Use the Internet The internet is your cost efficient, best friend right now, with digital being the new way of life. There&rsquo;s no better time than now to move your business online. With numerous user-friendly platforms and resources out there, you are certainly going to find multiple ways to help optimise your business&rsquo;s online presence. Something as simple as meeting with your employees and clients via an online video platform, such as Zoom or Skype. The world is changing and online is the way to go! If you are a dance or yoga instructor, why not take your classes online

Business Eye - How to spot scams and pyramid schemes

Business Eye - How to spot scams and pyramid schemes 20:30 Tue, 07 Jul 2020 We've seen an increase in trading companies, whatsapp stokvels, pyramid schemes and other scams asking people to "invest more of their money into these schemes. Jacque van Wyk; Director at JGL Forensic Services, joined the Business Hour and shared his thoughts on how to spot a scam and also how to report cyber-crime. Podcasts

Ghana presidential candidate selects first female running mate for major party - Breaking news, special reports, world, busi

Ghana presidential candidate selects first female running mate for major party 7 July 2020, 5:54 PM | Reuters | @SABCNews Image: Reuters John Dramani Mahama in a file photo. Former Ghana President John Mahama said on Monday that he had chosen Jane Naana Opoku-Agyeman as his running mate for this year's election, making her the first woman on a major Ghanaian party's presidential ticket. The Dec. 7 poll will pit Mahama, who governed from 2012 to early 2017, against his successor, President Nana Akufo-Addo, who defeated him in the late 2016 election. Opoku-Agyeman, 69, is a former education minister and university professor. She became the first female vice-chancellor of the University of Cape Coast in 2008, according to the announcement on Mahama's Facebook page. He called her "God-fearing, a distinguished scholar, a conscientious public servant and a role model. Akufo-Addo and Vice-President Mahamudu Bawumia were formally nominated last month by their New Patriotic Party (NPP) to contest the election. The presidency has changed hands repeatedly between the NPP and Mahama's National Democratic Congress (NDC) since 1992 in a series of peaceful elections that have cemented Ghana's reputation as one of West Africa's most stable democracies. This entry was posted on 07 Jul 2020,05:54PM at 5:54 PM and is filed under Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Johannesburg Business School - Drop -shipping and e -commerce models for SA entrepreneurs

Drop-shipping and e-commerce models for SA entrepreneurs About us Drop-shipping and e-commerce models for SA entrepreneurs About this masterclass: Digital transformation and the increasing redundancy of the traditional business model are just a few of a long list of COVID-19 effects on the world of business. The pandemic has proven that in times of difficulty, innovation becomes vital. The JBS Masterclass on Dropshipping and e-Commerce Models for SA Entrepreneurs provides a practical overview of e-commerce business models that are relevant to entrepreneurs and small- to medium-sized enterprises (SME) owners. The Masterclass will focus on the concept of Dropshipping and cover additional topics including: Understanding e-commerce business models The challenges in adopting e-commerce business models Dropshipping strategies for new and existing businesses What you need in order to start a Dropshipping business Faculty: Philasande Sokhela is a faculty member at the Johannesburg Business School. He facilitates on innovation in marketing, trends in SMEs and entrepreneurial capacity development. His teaching cuts across a range of complementary disciplines that encompass digital marketing, brand management, entrepreneurship and the business of fashion. Philasande is passionate about developing entrepreneurial talent. His passion has led him to work with over 200 entrepreneurs in numerous township economy revitilisation initiatives in partnership with the Gauteng Department of Economic Development and the Gauteng Enterprise Propeller. Webinar details: Venue: Online conferencing. The conference link will be sent upon registration. Fee: R350.00 per Masterclass

Sierra Leone doctors threaten to expand strike amid COVID-19 crisis - Breaking news, special reports, world, business, sport

Sierra Leone doctors threaten to expand strike amid COVID-19 crisis 7 July 2020, 8:05 PM | Reuters | @SABCNews Image: Reuters The doctors stopped handling coronavirus cases last Thursday after a more than month-long stand-off with the West African government over what they say is a misuse of funds for the COVID-19 response. Doctors in Sierra Leone, who are refusing to treat COVID-19 patients to press demands for bonus payments and more protective equipment, threatened on Tuesday to suspend care for other patients too if the dispute is not resolved by Sunday. The doctors stopped handling coronavirus cases last Thursday after a more than month-long stand-off with the West African government over what they say is a misuse of funds for the COVID-19 response. "We had a meeting with (the) government yesterday but their interest in resolving this did not appear significant, said Dr. Samba Jalloh, Secretary General of Sierra Leone's Medical and Dental Association. "We plan to expand the strike to include treatment for general patients if a solution cannot be met by the end of this week, he told Reuters. Government officials were not immediately available for comment. A spokesman for the coronavirus response team has previously said the government was carrying out an audit to determine which health workers were entitled to hazard pay. A memorandum of understanding signed in April by the government promised weekly hazard pay of up to $100 for frontline health workers. Doctors say the agreement was allowed to expire without any payments having been made. They also say they lack protective equipment like gloves, masks and coveralls to prevent infections spreading from patients to hospital staff. Daily coronavirus infection totals in Sierra Leone have declined since the strike began, which Jalloh said was due to suspected cases no longer being admitted and tested at isolation centres. Sierra Leone has confirmed about 1 500 total COVID-19 cases, fewer than many other West African countries. Of those, 16

ATM Blames Organised Business And Government For The Strike of SA Truck Drivers

ATM Blames Organised Business And Government For The Strike of SA Truck Drivers 7th July 2020 The African Transformation Movement (ATM) commends and supports the right of the South African Truck drivers to exercise their right to strike as enshrined in our Constitution. We applaud the Truck Drivers for embarking on a peaceful strike where loss of life and limb has not been reported. As much as ATM is concerned about the impact of the strike to the economy, but ATM cannot condone marginalisation of South Africans in their own country for jobs they are qualified for and can perform. Issued by The African Transformation Movement 82668_atm_truckers_07072020.pdf

"There's No Price-Discovery Mechanism" - Gundlach Warns Fed "Desperation" Has Removed All Signals From Markets

&lt;![endif]-&gt; DoubleLine June webcast Gundlach said the Fed has "decided that they want to pull out all the stops to reduce market and economic volatility, via unprecedented money printing. "&lsquo;What they&rsquo;re doing is really a bridge further than they have ever gone before. He said the Fed was motivated to keep "throwing things at the market to rein in volatility across multiple asset classes. In his 35-years of market experience, he said the disruptions in credit markets were "far worse than the financial crisis a decade ago. "That led to what looked like was going to be some very substantial bankruptcies in some of the leveraged pools like mortgage-related REITs and other types of investments, he explained. Similar to the latest DoubleLine webcast, Gundlach said the Fed&rsquo;s backstopping of the corporate debt markets is a violation of its charter. "The Fed figured desperate times require desperate measures, and the went all the way into buying corporate bonds, Gundlach said. In the next downturn, he said the Fed "could go even further in its ability to unleash an arsenal of tools to provide liquidity to markets. Gundlach noted the weakest portion of the corporate bond market is low-tier investment-grade debt, commonly known as BBB, which, if re-rated to junk, could cause significant losses for investors who would have to dump into illiquid markets. "There&rsquo;s been so much issuance of corporate bonds. The prices have been propped up to levels where I think the owners that own them at these levels will end up losing principal on a basket of these assets, he said. Gundlach said the Fed&rsquo;s money printing is "delaying the inevitable. In the meantime, they have a lot of wherewithal to continue delaying because they are spraying money all over the place and buying all these assets. He said, "the price of corporate bonds isn&rsquo;t really real. There&rsquo;s no price discovery mechanism that&rsquo;s being pegged. There&rsquo;s

Santam seeks legal clarity over COVID-19 business interruption claims

Santam seeks legal clarity over COVID-19 business interruption claims By Somaya Stockenstroom 7th Jul 2020 Short-term insurer Santam said today it had filed its opposing affidavit in an application brought against it in the Western Cape High Court by an unnamed insured hotel group. The company, in a market update, said it understands the financial distress on the businesses and individuals impacted by the national lockdown to combat COVID-19. "Notwithstanding this, Santam can only commit to paying claims in line with its policy provisions. We do also recognise the public interest in this matter and are therefore seeking legal certainty by having this matter speedily determined by the courts of South Africa, the company said. "Santam is aware of a High Court judgment in relation to a claim against another insurer, which was handed down in favour of the claimant very recently. We are currently studying the judgement closely. We remain confident of our interpretation of causation as it applies to COVID-19 related business interruption losses, and have made appropriate provisions for such claims. The Western Cape High Court has already compelled insurance company Guardrisk to honour the COVID-19 Business Interruption insurance claims of Cafe Chameleon, a Cape restaurant. "This is a significant win for the tourism and hospitality sector. While there is no doubt that this sets a precedent we expect the judgment to be appealed, so it is still a long way from payment. Of critical importance, is the fact that Judge Andre le Grange rejected the insurers&rsquo; argument that the losses suffered by the claimant was due to the lockdown, and not the COVID-19 pandemic, said Ryan Woolley, CEO of Insurance Claims Africa. The tourism industy has borne the brunt of COVID-19 as countries around the world, including South Africa imposed travel bans in an effort to curb the spread of the deadly virus which has already infected more than 11.6 million people across the world and claimed over 530 000 lives.

Amahle Quku murder accused abandons bail application - Breaking news, special reports, world, business, sport coverage of al

Amahle Quku murder accused abandons bail application 7 July 2020, 4:21 PM | Chris Mabuya | @SABCNews Image: SABC News Twenty-five-year old Lona Mzingeli faces a murder charge in connection with the death of the Grade 11 learner. The accused in the murder case of Amahle Quku of Philippi on the Cape Flats has abandoned his bail application in the Wynberg Magistrate's Court. 25-year-old Lona Mzingeli faces a murder charge in connection with the death of the Grade 11 learner. The body of Quku was found naked in the streets of Browns Farm two weeks ago. Activists against Gender-based Violence have called for an end to the murder and raping of women and girls. Different groups that included the ANC Women's League in the Western Cape and the women's rights oganisation Ilitha Labantu staged a placard demonstration outside Wynberg Magistrates Court calling for no bail for all those accused of rape and murder. Nombeko Lephuthing of Ilitha Labantu says they want justice. "We are here to support the family of Amahle and we want to make sure that the family gets justice. We hear today that the perpetrator abandoned bail, that he doesn't want bail anymore. We want him to confess so that he can be sentenced. We want justice for Amahle. The group also staged a protest against the accused in three separate cases of rape in Philippi and Nyanga. The victims' ages range between 14 and 70 years. A spokesperson for the ANC Women's League Linda Baleni says, "As the ANC Women's League in the Western Cape, we are here to support all the cases in court today. We are saying all those charged with rape must not get bail. The case of Mzingeli has been postponed to the 6th of October for further investigation. This entry was posted on 07 Jul 2020,04:21PM at 4:21 PM and is filed under South Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Zimbabwe's health minister, accused of corruption, sacked: Statement - Breaking news, special reports, world, business, spor

7 July 2020, 7:33 PM | Reuters | @SABCNews Image: Twitter:@EversonMushava Moyo has been linked to dodgy procurement processes for COVID- 19 supplies. Zimbabwe's President Emmerson Mnangagwa has sacked health minister Obadiah Moyo with immediate effect for inappropriate conduct, a statement from the presidency shared by information minister Nick Mangwana on Twitter on Tuesday said. The statement did not elaborate further. Moyo was arrested in June over allegations of corruption related to the government's procurement of $60 million worth of medical equipment for the country's fight against the coronavirus. This entry was posted on 07 Jul 2020,07:33PM at 7:33 PM and is filed under Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Eskom to proceed with planned interruption of supply to Magareng Local Municipality - Breaking news, special reports, world,

Eskom to proceed with planned interruption of supply to Magareng Local Municipality 7 July 2020, 9:50 PM | SABC | @SABCNews Image: Reuters The Magareng Local Municipality failed to make a satisfactory payment agreement with Eskom and the power utility will proceed with power cuts in the municipality from Wednesday. Eskom says it has reached agreements with four municipalities from the Northern Cape that were due for scheduled electricity supply interruptions from Wednesday due to outstanding debts. The Kamiesberg, Khai-Ma and Richtersveld Local Municipalities have made a payment agreement with the power utility while the Tsantsabane Local Municipality reached an interim agreement with Eskom. However, the Magareng Local Municipality failed to make a satisfactory payment agreement with Eskom and the power utility will proceed with power cuts in the municipality from Wednesday. Eskom said on Tuesday that the five municipalities owe more than R200 million and unlike other municipalities in the province, they have failed to honour their payment arrangements. Below is the full statement by Eskom on electricity supply cuts for Northern Cape municipalities:

South Africa's Massmart says 1 800 Game jobs at risk - Breaking news, special reports, world, business, sport coverage of al

7 July 2020, 9:47 PM | Reuters | @SABCNews Image: Reuters Shoppers stand outside the outlet for Massmart-owned Game Store in Polokwane, Limpopo province, South Africa, June 1,2019. South Africa retailer Massmart Holdings Ltd has started talks with unions to cut up to 1,800 jobs at the company&rsquo;s struggling Game stores as constrained spending and the new coronavirus weigh on performance, the company said on Tuesday. Majority-owned by Walmart and operator of supermarkets and wholesalers such as Makro and Game, Massmart said talks began after it assessed the efficiency of the stores. Massmart said it was implementing a new operating model at Game after its "indifferent performance in the 2019 financial year and the negative impact of trading restrictions because of the pandemic on sales. The company said it would not close any of its Game stores, however. Game, a general merchandise chain, has been a drag on group profit as financially-constrained customers prioritise spending on non-durables, such as food, over spending on goods such as appliances. The group lost 4.6 billion rand ($268 million) in sales during a strict nine-week lockdown. The potential job cuts would represent around 3% of Massmart&rsquo;s total workforce. Job cuts are a politically-sensitive issue in South Africa, where unemployment stands at around 30%. Game joins some of the country&rsquo;s big firms such as steel producer ArcelorMittal South Africa Ltd, food producer Tiger Brands and third-biggest telecom operator Cell C, which have already announced plans to cut jobs. This entry was posted on 07 Jul 2020,09:47PM at 9:47 PM and is filed under Coronavirus , Business . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Northern Cape ready for COVID-19 peak: Saul - Breaking news, special reports, world, business, sport coverage of all South A

Northern Cape ready for COVID-19 peak: Saul 7 July 2020, 5:51 PM | SABC | @SABCNews Image: Reuters The Northern Cape's rate of infections surged in few weeks and currently stands at 820 after being stable for a longer period at the beginning of lockdown. Northern Cape Premier Zamani Saul says the province is ready for the COVID-19 peak which is expected from mid-August. Saul was speaking at Kuruman on Tuesday where he received medical equipment at a value of just over R100 million from various mining companies operating around Kuruman. The province's rate of infections surged in few weeks and currently stands at 820 after being stable for a longer period at the beginning of lockdown. The Northern Cape has the lowest COVID-19 infections and deaths cases in the country. The province currently has only six deaths. The province's infection rate has seen a rapid surge in recent weeks, putting a strain on the province's health facilities. Premier Saul says the donations that the province has been receiving from the private sector and from the mines will help the department to ready itself for the peak. Saul has raised concern over the sudden surge in recent weeks and he attributes it to the easing of lockdown regulations. "Easing of lockdown regulations has got a direct impact on the levels of transmissions. There's a clear correlation. It's a global phenomenon. You open up, you are going to sit with the increased levels of transmissions. So, we are also at that, you know. We are at Level 3 and we are expected to be at that increased level of transmissions. In the video below, Zamani Saul says the Northern Cape is ready for lockdown Level 3. The mines, which include South 32, Assmang and Hotazel, are amongst those who contributed to the donation. The mines' representative Boitumelo Seboko says this was to heed the president's call for all to come to the party in the fight against the pandemic. Seboko says the donation will beef up the capacity within the health sector. "The donation, which is in

BISAN - Notice to noteholders regarding the release of an update regarding Business Interruption Claims - SENS

NOTICE TO NOTEHOLDERS REGARDING THE RELEASE OF AN UPDATE REGARDING BUSINESS INTERRUPTION CLAIMS Noteholders are referred to the announcement released by the Issuer on the Stock Exchange News Service on 7 July 2020, regarding an update to its business interruption claims ("Update Announcement). The Update Announcement was released to inform security holders of a matter pertaining to its Contingent Business Interruption insurance cover, whereby the Issuer, through its Hospitality and Leisure insurance division, will today be delivering an opposing affidavit in an application brought against Santam in the Western Cape High Court by an insured hotel group. Noteholders are advised to refer to the Update Announcement for full details in this regard. 7 July 2020 RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07-07-2020 04:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (&lsquo;JSE&rsquo;). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Logistics Systems Engineering appoints New Business Development Executive

Logistics Systems Engineering appoints New Business Development Executive You are here: Home / Logistics Systems Engineering appoints New Business Development Executive (MyPR.co.za) By // by Guest PR Filed Under: General Business Gys Mans, LSE&rsquo;s New Business Development Executive Gys Mans has been appointed as the New Business Development Executive at Logistics Systems Engineering, effective July 2020. A supply chain specialist, Mans brings years of expertise in supply chain management, strategy, design and compliance, implementation and operations of niche intralogistical solutions to LSE, with unsurpassed experience in Vertical Lift Machinery Solutions. He will be responsible for growing and supporting LSE&rsquo;s intralogistical warehousing business in the Western Cape, and in various complex projects throughout Gauteng. Mans has a Bachelor&rsquo;s Degree in Logistics, Materials and Supply Chain Management from the University of Johannesburg. Logistics Systems Engineering is a leading supplier of warehouse storage solutions across sub-Saharan Africa. For more information about Logistics Systems Engineering, visit https://www.lsegroup.africa email sales@lsegroup.co.za or call 0861 61 61 61.

Tamimi Markets opens new store

Tamimi Markets opens new store July 7, 2020 RIYADH - Tamimi Markets opened a new store recently in Alshulah neighborhood. Tamimi Markets, considered one of the oldest supermarket chains in Saudi Arabia, is known for its quality, services and variety. The opening in Alshulah, also known as Al-Fakhriya, supports the companies goals in expanding to reach the largest segment of customers. Residents of the neighborhood welcomed the new store, as Dr Nabeel Assudmi said, "It&rsquo;s great to hear that our neighborhood will have a branch of Tamimi markets; I&rsquo;m a regular customer of the store and I enjoy visiting and shopping on almost weekly basis specially the meat section. "I am excited to the opening of the new store at Fakhriya since it&rsquo;s a couple of minutes from my house. Tamimi Markets is a family owned business that proudly serves Saudi families across the Kingdom. They serve a wide variety of fresh products, selection of the finest meats, local and international products. Tamimi Markets also provides exclusive international brands such as Safeway from USA and Costco signature collection. It is also a pioneer in providing a wide variety of healthy, organic, natural, and gluten free products in the healthy living section. Customers are Tamimi Markets top priority, therefor it has honored them by providing a loyalty program called "Themari where customers are able to win prizes, exclusive offers, and earn points. - SG

Buhari Suspends Financial Crimes Commision Chairman, Magu

Buhari Suspends Financial Crimes Commision Chairman, Magu Featured News July 7, 2020 admin Ou MaguPresident Muhammadu Buhari has reportedly suspended the acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, according to Nigeria&rsquo;s The... Ou MaguPresident Muhammadu Buhari has reportedly suspended the acting chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, according to Nigeria&rsquo;s The PUNCH newspaper. Earlier on, the Nigerian president had put in motion, a presidential panel headed by Justice Ayo Salami to probe the various allegations leveled against the EFCC boss. The panel indicted Magu and recommended that he explains the circumstances surrounding some billions of Naira unaccounted for by the Commission. The panel questioned Magu for several hours on Monday at the Presidential Villa, Abuja before he was taken into detention. Quoting anonymous sources privy to the investigations, The PUNCH confirmed Magu&rsquo;s arrest and suspension on Tuesday. "It is commonsensical that when an investigation of this nature is ongoing, you don&rsquo;t allow the person being investigated to keep the keys of the office for which he is being investigated. "This is because if he keeps the keys, there can be a kind of tampering with documents or evidence. "It is not logical and it is even undemocratic to allow such to happen, the paper newspaper preported. Nigeria&rsquo;s Presidency i s yet to issue a formal statement on the issue as of the time of filing this report. The presidential panel has meanwhile resumed sitting at the Presidential Villa, Abuja.

SNT02 SNT03 SNT04 - SANTAM LIMITED - BISAN - Notice to noteholders regarding the release of an update regarding Business Int

SANTAM LIMITED - BISAN - Notice to noteholders regarding the release of an update regarding Business Interruption Claims Release Date: 07/07/2020 16:38 Wrap Text BISAN - Notice to noteholders regarding the release of an update regarding Business Interruption Claims SANTAM LIMITED (Incorporated in the Republic of South Africa) Registration number: 1918/001680/06 Company code: BISAN ("Santam or the "Issuer) NOTICE TO NOTEHOLDERS REGARDING THE RELEASE OF AN UPDATE REGARDING BUSINESS INTERRUPTION CLAIMS Noteholders are referred to the announcement released by the Issuer on the Stock Exchange News Service on 7 July 2020, regarding an update to its business interruption claims ("Update Announcement). The Update Announcement was released to inform security holders of a matter pertaining to its Contingent Business Interruption insurance cover, whereby the Issuer, through its Hospitality and Leisure insurance division, will today be delivering an opposing affidavit in an application brought against Santam in the Western Cape High Court by an insured hotel group. Noteholders are advised to refer to the Update Announcement for full details in this regard. 7 July 2020 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 07-07-2020 04:38:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. Sharenet Wealth Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within th

Twickenham Platinum Mine lays off more than 50 workers - Breaking news, special reports, world, business, sport coverage of

Twickenham Platinum Mine lays off more than 50 workers 7 July 2020, 4:54 PM | Jabulani Baloi | @SABCNews Image: Reuters The Twickenham Platinum Mine has been under care and maintenance since 2016. More than 50 people have been laid off as Anglo Platinum&rsquo;s Twickenham mine closes some operations at its Mopetsi camp, outside Burgersfort, in Limpopo. Several local businesses also had their contracts terminated. The Twickenham Platinum Mine has been under care and maintenance since 2016. In 2017, another mine, jointly owned by Anglo-Platinum and Atlatsa Resources, was put under care and maintenance. The camp had been turned into an isolation place for people affected by COVID-19 , but was closed due to community unrest. The mining communities in the platinum belt of Sekhukhune area in Limpopo continue to feel the strain of unemployment. Thousands of people have become jobless. At Twickenham&rsquo;s Mopetsi camp, the contracts of local businesses were terminated as the mine ceases some operations as it is under care and maintenance. Leader of the small businesses, known as Sekhukhune G9 companies, Calvin Mashabela has expressed his disappointment on the closure of the Mopetsi camp. "We feel very much disappointed. Twickenham doesn&rsquo;t regard us as their partners. Our families are severely affected because now there&rsquo;s no source of income. We&rsquo;ve got accounts that we are supposed to pay every month. We can&rsquo;t. We&rsquo;ve got kids to look after. There&rsquo;s this pandemic and your life just dramatically changed. Mashabela believes there is something untoward as he alleges that they have been working for two years without contracts. "The very same developer failed to give us a contract, which is actually the basic. You can&rsquo;t work for somebody without knowing because, in the contract, the job description is mentioned. Since 2016 until 2020, we&rsquo;ve been looking for a contract, which does not come up. We got chased away just

Business Rescue Webinar

Business Rescue Webinar 16 Jul 2020 2:00 pm by Eric Levenstein REGISTER FOR OUR BUSINESS RESCUE WEBINAR Many South African businesses find themselves struggling to stay afloat as a result of the far-reaching effects of COVID-19. While this is a devastating situation, the pandemic and resulting lockdown might offer some organisations the chance to embrace financial rehabilitation through restructuring. If business owners and managers are willing to be think outside the box, be flexible and look to shed excess capacity, COVID-19 might just be the fresh start financially distressed organisations need to move forward. INTERESTED IN LEARNING MORE? SIGN UP FOR OUR BUSINESS RESCUE WEBINAR Join Business Rescue specialist Eric Levenstein as he considers various business rescue strategies for companies under financial strain as a result of COVID-19. The webinar will cover: COVID-19 and the fall-out for South African businesses Identifying opportunities for a business reset Informal or formal restructuring? The personal liability of directors Engagement of stakeholders and investors Case studies relevant to the South African context Webinar Details

Question to the Minister of Small Business Development - NW1162

Link Reply: To assist existing SMMEs to start conducting businesses again after the effects of Covid-19, the Department of Small Business Development has initiated various programmes to support both formal and informal businesses. The informal and micro-business support schemes include: The Spaza Support - this scheme is not only meant to su Small Scale Bakeries and Confectioneries Business Support Scheme; Small Scale and Micro Clothing, Textile and Leather Business Support Scheme; and Automotive Aftermarkets Support Scheme. More dedicated interventions such as those for butcheries, informal restaurants, personal care support are being finalised to support the micro and informal businesses to ensure the most vulnerable sector, which employs the largest number of people is adequately supported. These schemes fit in well with the Cabinet approved Township and Rural Entrepreneurship Programme that the DSBD is expected to implement during this current financial year. In addition, the Department of Small Business Development is finalising other interventions to support formal SMEs when they return back to business activities during and post-Covid-19 pandemic. These interventions include the Business Viability scheme, which is targeting businesses through the economic recovery phase as we will be ensuring that SMMEs are ready to adjust to the new ways of doing business and ensuring that their business processes are adjusted to suit the new ways of doing business. Another intervention is the small scale manufacturing scheme to support and bolster local manufacturing as part of the department&rsquo;s localization programme. Public announcements are made as and when a support programme is ready to be rolled out. The four interventions specified in the first paragraph above, were all in place by the 24 May 2020. Source file

21 Ways to Market Your Business Online

View All Result 21 Ways to Market Your Business Online There are billions of customers out there, and nearly as many ways to get them interested. Fitch warns three EAC members risk lower rating downgrade Our nascent fascination with search stems back to the internet&rsquo;s earliest days when algorithms didn&rsquo;t reign supreme. Back then, it was far simpler to be found on the web. It didn&rsquo;t require all of the technical know-how, breadth and awareness of hundreds of ranking factors in order to be discovered relevantly in an online search. No, back then it was far simpler. However, today, with the evolution of Google&rsquo;s core search algorithms, and in the wake of major adjustments that have gone by names like Panda, Penguin and Hummingbird, being found on the web has become likened to obtaining a doctoral degree in physics or mathematics. As entrepreneurs, we all know that the best way to market any business online is to be found organically through a search at the top of Google&rsquo;s search engine results pages (SERPs). It&rsquo;s free and offers near-limitless traffic to those who can master this highly-convoluted field of online search. But doing that has also become a monumental undertaking. On the other end of the spectrum, many of us are online-searching sleuths. We&rsquo;re professionals, able to gracefully surf the world&rsquo;s annals of information effortlessly and with ease. We can tap into the vast knowledge available at a moment&rsquo;s notice from powerful, blazing-fast pocket computers, on cue and at any time. Yes, we most certainly know how to conduct a search. However, as a business owner or professional, you know quite well that this isn&rsquo;t the case for being found. Appearing relevantly for highly-competitive keywords has become an ever-increasingly difficult task. But how else are we supposed to market our businesses online if we can&rsquo;t appear competitively on Google&rsquo;s SERPs? And how is that som

Feel-Good: Alex women sew their way to agile business success!

Feel-Good: Alex women sew their way to agile business success! by Brent Lindeque @BrentLindeque Employment for young women promotes sustainable economic development. Johannesburg, South Africa (07 July 2020) - Ponani Shikweni is not only a self-made woman, but she also has an infectious energy and indefatigable drive to equip other young women in Alex, Johannesburg, to reach financial independence. While the COVID-19 pandemic threatened many small businesses, this agile-entrepreneurial cooperative seized an opportunity for growth. "Life is fast in Alex, and to survive; you need to have a plan. Having no income and no job can lead people to some desperate, dangerous actions. So when we offer young women work opportunities, we are also helping young people to avoid getting involved with drugs and crime, says Shikweni, who is director of Hluvuko Designs. "These young women were unemployed and had very few opportunities until I recruited them to join our cooperative, and taught them how to sew to earn a living. Then when COVID-19 arrived, suddenly there was a huge demand for cloth facemasks and, fortunately, we were ready to start producing to help fill this gap. Before the Hluvuko Designs business was formally established, Shikweni and six other women had started sewing to order. Their products were being sold through an intermediary, and the women, therefore, received only a fraction of the profits. In 2015, however, Netcare recognised the potential of the women&rsquo;s entrepreneurial model as a promising enterprise development project and assisted them to formally register the business. According to Shikweni, the name &lsquo;Hluvuko Designs&rsquo;, meaning &lsquo;development&rsquo;, was chosen because it encapsulates their purpose of developing individuals as well as contributing to the prosperity of their community. Dr Nceba Ndzwayiba, Netcare&rsquo;s director: transformation, recalls how the women&rsquo;s sewing cooperative stood out even when it was operating

Politicians at an advanced age warned to be cautious as coronavirus cases increase - Breaking news, special reports, world,

Politicians at an advanced age warned to be cautious as coronavirus cases increase 7 July 2020, 8:41 PM | SABC | @SABCNews Image: Reuters Elderly people are most susceptible to contract the virus and South Africa has an ageing political leadership. Health experts have warned politicians at an advanced age to be cautious when executing their responsibilities as the country grapples to contain the spread of the coronavirus. Elderly people are most susceptible to contract the virus and South Africa has an ageing political leadership. Family Physician Fundile Nyati says most politicians in the country are at risk of contracting the virus. "Comparing us to other nations, you have got a lot of people who are younger than 50. But in South Africa, we have the majority of politicians who are much older. We have got data that we have received in the Western Cape that from age 50 and above that's where most deaths are happening. "And so, if we then look at the average politicians in South Africa, they are 50 and above. And what that means is that a significant percentage of our politicians are at risk and it is not just the issue of age but it is also the issue of pre-morbid conditions or lifestyle illnesses that they may have, Nyati warns. Mokgoro tests positive This comes after North West Premier, Professor Job Mokgoro tested positive for the coronavirus . Mokgoro tested for the virus yesterday following the passing of the MEC for Cooperative Governance, Human Settlements and Traditional Affairs, Gordon Kegakilwe of COVID-19 complications. Mokgoro's spokesperson Vuyisile Ngesi says the Premier is now in self-isolation, after receiving results. Ngesi says the premier is, however, not incapacitated to carry out his duties. The support staff who have worked closely with the premier have been instructed to take the necessary precautions. Ngesi says the premier is currently showing one symptom of coronavirus, which is coughing. Meanwhile, the MEC for Public Works Saliva Molapisi who has tested positive

WHO acknowledges 'evidence emerging' of airborne spread of COVID-19 - Breaking news, special reports, world, business, sport

7 July 2020, 9:12 PM | Reuters | @SABCNews Image: Reuters Workers wearing face-masks walk past an information board on social distancing as they travel through the Waterloo Station during the morning rush hour following the coronavirus disease (COVID-19) outbreak, in London, Britain, July 6, 2020. The World Health Organisation on Tuesday acknowledged "evidence emerging of the airborne spread of the novel coronavirus, after a group of scientists urged the global body to update its guidance on how the respiratory disease passes between people. "We have been talking about the possibility of airborne transmission and aerosol transmission as one of the modes of transmission of COVID-19, Maria Van Kerkhove, technical lead on the COVID-19 pandemic at the WHO, told a news briefing. The WHO has previously said the virus that causes the COVID-19 respiratory disease spreads primarily through small droplets expelled from the nose and mouth of an infected person that quickly sink to the ground. But in an open letter to the Geneva-based agency, published on Monday in the Clinical Infectious Diseases journal, 239 scientists in 32 countries outlined evidence that they say shows floating virus particles can infect people who breathe them in. Because those smaller exhaled particles can linger in the air, the scientists are urging WHO to update its guidance. Speaking at Tuesday's briefing in Geneva, Benedetta Allegranzi, the WHO's technical lead for infection prevention and control, said there was evidence emerging of airborne transmission of the coronavirus, but that it was not definitive. " The possibility of airborne transmission in public settings - especially in very specific conditions, crowded, closed, poorly ventilated settings that have been described, cannot be ruled out, she said. "However, the evidence needs to be gathered and interpreted, and we continue to support this. Any change in the WHO's assessment of risk of transmission could affect its current advice on keeping 1-metre (3.3 feet) of ph

Creamer Media Login

Login Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&amp;' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that your used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by Massmart warns up to 1 800 Game employees could be retrenched We're sorry, this content is only available to subscribers. Already a subscriber? Please login here Subscribe Now to get all these benefits. For assistance or should your have any questions, please phone +27 11 622 3744 (ext 227) or email subscriptions@creamermedia.co.za Loading... Access to all search results Access to the Projects Browser Digital magazine back copies Weekly magazines delivered to your door All archived Engineering News Online content Access to all news content on Engineering News Online and mobi websites 2 Access all search results from a database of published material dating back to 1999 3 Access to the websites Projects Browser and Tenders sections 4 Access to the full digital library of back copies from the weekly editions of Engineering News and Mining Weekly 5 Daily News Alerts providing news updates on various industrial and mining sectors + Weekly editions of Engineering News &amp; Mining Weekly - posted to your each week Access to all archived Engineering News Online content Loading... Access to all search results Access to the Projects Browser Digital magazine back copies Weekly magazines delivered to your door All archived Engineering News Online content $350 Buy Now The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address. Gain online access to: Project Browser - providing an overview of latest developments and useful contrac

Steinhoff surges on signs it can settle R192 billion in claims - Fin24

Steinhoff surges on signs it can settle R192 billion in claims Janice Kew Share Steinhoff International Holdings rose the most in almost three months after the retailer confirmed it's working on ways to settle 10 billion euros (R192 billion) of legal claims following an accounting scandal that almost destroyed the company. The stock climbed as much as 26% in Frankfurt on Monday, its biggest increase since mid-April, before paring the advance to trade 10% higher as of 1:51 p.m. local time. The gains extended a smaller rise late Friday after Bloomberg News reported the group is close to a breakthrough. Steinhoff continues to assess its options for a global settlement, the owner of Conforama in France and Pep stores across Europe said in a statement. That includes the total value and the terms of any deal, it said. The lawsuits come from those who lost out from the sudden collapse in Steinhoff's stock in late 2017, including ex-Chairman Christo Wiese, who is suing for R59 billion. The company can't pay the full 10 billion euros of legal claims in cash and may have to use its South African assets to help reach a deal, Chief Financial Officer Theodore de Klerk said last week. Steinhoff owns 68% of Pepkor Holdings, Africa's largest clothing retailer. "Pepkor is one of the assets that has value," Evan Walker, money manager at 36ONE Asset Management in Johannesburg, said by phone. "There is some risk for Pepkor in this, depending who gets the stock. But the shares have also suffered some overhang with investors knowing Steinhoff may need to sell its stake, so to get that out the way could help." Pepkor, which raised R1.9 billion in a share sale last month to reduce debt and shore up its balance sheet, traded 0.4% lower in Johannesburg. Related Links

iBhayi AB InBev Solar PV - African

iBhayi AB InBev Solar PV Unverified Log in to view content Full access to detailed project information is only available with a Live Data subscription . If you require further analysis on a project or market African Energy can meet your needs with bespoke consultancy. For more information contact: consult@africa-energy.com or +44 (0)1424 721667 For a glossary or more information on methodology and definitions, please see the Live Data help page here Request a demo or subscription options Got a question? How Live Data can help your business Continually updated entries for more than 6,200 power generation plants and projects Identify, evaluate and compare planned projects at any stage of development Identify owners, offtakers, financiers and their portfolio of projects and find opportunities for investment and sales Find projects matching your market profile and build informed country-by-country market development plans Compare data trends at country and regional level from 2010 to 2025 to support strategic planning Download data for use in pitches and presentations

INL INP - INVESTEC LIMITED - Publication of Base Prospectus Supplement - 06/07/2020

INVLTD: 3,580 +201 (+5.95%) 06/07/2020 15:57 INVESTEC LIMITED - Publication of Base Prospectus Supplement Release Date: 06/07/2020 16:00 Wrap Text Publication of Base Prospectus Supplement Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 Date: 6 July, 2020 As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Prospectus Rules of the United Kingdom Financial Conduct Authority and/or the JSE Listing Requirements. Publication of Base Prospectus Supplement The following document has been approved by the UK Listing Authority and is available for viewing: Base Prospectus Supplement dated 3 July 2020 relating to Investec plc's Base Prospectus dated 31 March 2020 relating to the &pound;1,000,000,000 Euro Medium Term Note Programme. To view the full document, please paste the following URL into the address bar of your browser. http://www.rns-pdf.londonstockexchange.com/rns/1564S_1-2020-7-6.pdf A copy of the Base Prospectus Supplement will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism For further information, please contact: David Miller Company Secretary Investec Bank plc 30 Gresham Street London EC2V 7QP TEL: (+44) 20 7597 4000 Company No. 489604 DISCLAIMER - INTENDED ADDRESSEES Please note that the information contained in the Base Prospectus Supplement may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectuses as defined in the Base Prospectus Supplement) only and is not intended for use and should not be relied upon by any

BLU - BLUE LABEL TELECOMS LIMITED - Initial trading statement for the year ended 31 May 2020 - 06/07/2020

BLUETEL: 285 +14 (+5.17%) 06/07/2020 15:57 BLUE LABEL TELECOMS LIMITED - Initial trading statement for the year ended 31 May 2020 Release Date: 06/07/2020 15:56 Wrap Text Initial trading statement for the year ended 31 May 2020 Blue Label Telecoms Limited (Incorporated in the Republic of South Africa) (Registration number 2006/022679/06) Share code: BLU ISIN: ZAE000109088 ("Blue Label or "the Group) Initial trading statement for the year ended 31 May 2020 In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the current year to be reported on will differ by at least 20% from those reported in the previous corresponding year. Shareholders are advised that basic, headline and core headline earnings per share for the financial year ended 31 May 2020 are expected to increase by more than 20% in comparison to the year ended 31 May 2019, in which reported losses on basic, headline and core headline per share equated to 727.81 cents, 312.49 cents and 304.77 cents respectively. The predominant negative contributions to the May 2019 basic, headline and core headline earnings per share were attributable to: - Cell C&rsquo;s trading losses, impairment of its property, plant and equipment, the impact of a derecognition of its deferred tax asset and the consequent impairment of Blue Label&rsquo;s total investment therein. - Fair value downward adjustments of the complete exposure relating to SPV1 and SPV2 (the structure of which was detailed in the trading statement published on SENS on 22 February 2019). - A fair value downward adjustment of Glocell Distribution, attributable to the impact of unfavourable wholesale trading conditions therein. - An Impairment of Blue Label&rsquo;s total investment in the Oxigen India group, including 2Dfine Holdings Mauritius, as well as providing for loan impairments and guarantees payable thereon. - Partial impairments of good

Prospecton AB InBev Solar PV - African

Prospecton AB InBev Solar PV Unverified Log in to view content Full access to detailed project information is only available with a Live Data subscription . If you require further analysis on a project or market African Energy can meet your needs with bespoke consultancy. For more information contact: consult@africa-energy.com or +44 (0)1424 721667 For a glossary or more information on methodology and definitions, please see the Live Data help page here Request a demo or subscription options Got a question? How Live Data can help your business Continually updated entries for more than 6,200 power generation plants and projects Identify, evaluate and compare planned projects at any stage of development Identify owners, offtakers, financiers and their portfolio of projects and find opportunities for investment and sales Find projects matching your market profile and build informed country-by-country market development plans Compare data trends at country and regional level from 2010 to 2025 to support strategic planning Download data for use in pitches and presentations

Chamdor AB InBev Solar PV - African

Chamdor AB InBev Solar PV Unverified Log in to view content Full access to detailed project information is only available with a Live Data subscription . If you require further analysis on a project or market African Energy can meet your needs with bespoke consultancy. For more information contact: consult@africa-energy.com or +44 (0)1424 721667 For a glossary or more information on methodology and definitions, please see the Live Data help page here Request a demo or subscription options Got a question? How Live Data can help your business Continually updated entries for more than 6,200 power generation plants and projects Identify, evaluate and compare planned projects at any stage of development Identify owners, offtakers, financiers and their portfolio of projects and find opportunities for investment and sales Find projects matching your market profile and build informed country-by-country market development plans Compare data trends at country and regional level from 2010 to 2025 to support strategic planning Download data for use in pitches and presentations

Newlands AB InBev Solar PV - African

Newlands AB InBev Solar PV Unverified Log in to view content Full access to detailed project information is only available with a Live Data subscription . If you require further analysis on a project or market African Energy can meet your needs with bespoke consultancy. For more information contact: consult@africa-energy.com or +44 (0)1424 721667 For a glossary or more information on methodology and definitions, please see the Live Data help page here Request a demo or subscription options Got a question? How Live Data can help your business Continually updated entries for more than 6,200 power generation plants and projects Identify, evaluate and compare planned projects at any stage of development Identify owners, offtakers, financiers and their portfolio of projects and find opportunities for investment and sales Find projects matching your market profile and build informed country-by-country market development plans Compare data trends at country and regional level from 2010 to 2025 to support strategic planning Download data for use in pitches and presentations

Rosslyn AB InBev Solar PV - African

Rosslyn AB InBev Solar PV Unverified Log in to view content Full access to detailed project information is only available with a Live Data subscription . If you require further analysis on a project or market African Energy can meet your needs with bespoke consultancy. For more information contact: consult@africa-energy.com or +44 (0)1424 721667 For a glossary or more information on methodology and definitions, please see the Live Data help page here Request a demo or subscription options Got a question? How Live Data can help your business Continually updated entries for more than 6,200 power generation plants and projects Identify, evaluate and compare planned projects at any stage of development Identify owners, offtakers, financiers and their portfolio of projects and find opportunities for investment and sales Find projects matching your market profile and build informed country-by-country market development plans Compare data trends at country and regional level from 2010 to 2025 to support strategic planning Download data for use in pitches and presentations

City of Tshwane Head Administrator 'reluctantly' accepts city manager's resignation - Breaking news, special reports, world,

6 July 2020, 5:30 PM | SABC | @SABCNews Image: Twitter: @CityTshwane Mpho Nawa says he also took into account Mavela Dlamini's age. The City of Tshwane Head Administrator Mpho Nawa says he has reluctantly accepted the resignation of the acting City Manager Mavela Dlamini from his administration. Dlamini has resigned as both acting city manager and member of the City of Trshwane Administration, citing ill-health. Nawa says it was not easy to accept Dlamini's resignation considering the current state of the City of Tshwane. Nawa says he also took into account Dlamini's age and in the context of the COVID-19 pandemic which dictated that he operated offsite. He says it is difficult to work off-site for Dlamini, given his responsibilities as City Manager. Dlamini has been at the helm of the City's administration since 23 March this year after the departure of embattled Municipal Manager, Moeketsi Mosola last year. The City of Tshwane says the process of appointing a substitute city manager is at an advanced stage. This entry was posted on 06 Jul 2020,05:30PM at 5:30 PM and is filed under Politics . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

BRITISH AMERICAN TOBACCO PLC - Notification and public disclosure of transactions by persons discharging managerial responsi

e) Date of the transaction 2020-07-01 f) Place of the transaction London Stock Exchange (XLON) 1 Details of the person discharging managerial responsibilities/person closely associated 2 Reason for the notification a) Position/status Director, Digital and Information b) Initial notification /Amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name British American Tobacco p.l.c. b) LEI 213800FKA5MF17RJKT63 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument Ordinary shares of 25p each Identification code b) Nature of the transaction Purchase of ordinary shares under the Partnership Share Scheme - a HMRC approved Share Incentive Plan e) Date of the transaction 2020-07-01 f) Place of the transaction London Stock Exchange (XLON) 6 July 2020 Sponsor: UBS South Africa (Pty) Ltd Date: 06-07-2020 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (&lsquo;JSE&rsquo;). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

BLUE LABEL TELECOMS LIMITED - Initial trading statement for the year ended 31 May 2020 - SENS

Initial trading statement for the year ended 31 May 2020 Blue Label Telecoms Limited (Incorporated in the Republic of South Africa) (Registration number 2006/022679/06) Share code: BLU ISIN: ZAE000109088 ("Blue Label or "the Group) Initial trading statement for the year ended 31 May 2020 In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the current year to be reported on will differ by at least 20% from those reported in the previous corresponding year. Shareholders are advised that basic, headline and core headline earnings per share for the financial year ended 31 May 2020 are expected to increase by more than 20% in comparison to the year ended 31 May 2019, in which reported losses on basic, headline and core headline per share equated to 727.81 cents, 312.49 cents and 304.77 cents respectively. The predominant negative contributions to the May 2019 basic, headline and core headline earnings per share were attributable to: - Cell C&rsquo;s trading losses, impairment of its property, plant and equipment, the impact of a derecognition of its deferred tax asset and the consequent impairment of Blue Label&rsquo;s total investment therein. - Fair value downward adjustments of the complete exposure relating to SPV1 and SPV2 (the structure of which was detailed in the trading statement published on SENS on 22 February 2019). - A fair value downward adjustment of Glocell Distribution, attributable to the impact of unfavourable wholesale trading conditions therein. - An Impairment of Blue Label&rsquo;s total investment in the Oxigen India group, including 2Dfine Holdings Mauritius, as well as providing for loan impairments and guarantees payable thereon. - Partial impairments of goodwill relating to Viamedia and Blue Label Connect and a partial impairment of the investment in the SupaPesa joint venture. The above factors are the primary contributors t

PODCAST - COVID -19 Frontline Workers Part XIV: An IT specialist shares his story - Breaking news, special reports, world, b

PODCAST | COVID-19 Frontline Workers Part XIV: An IT specialist shares his story 6 July 2020, 3:24 PM | Lebo Tshangela | @SABCNews Image: SABC News In Part XIV of Frontline Workers, we feature the experience of an IT specialist during the nationwide lockdown. Tens of thousands of essential workers are on the frontline of the global war against COVID-19. Many are in the unenviable position of fighting the pandemic at the risk of their own lives and those of their families. SABC News captures their voices in this weekly feature, COVID-19 Frontline Workers. This week, Digital News producer Lebo Tshangela speaks to an IT specialist, Mamushi Letsoalo about his experience with the coronavirus during the nationwide lockdown. Here is his story:

China rebukes UK for its "gross interference" over Hong Kong - Breaking news, special reports, world, business, sport covera

6 July 2020, 5:04 PM | Reuters | @SABCNews Image: Reuters Chinese Ambassador to Britain Liu Xiaoming talks to the crowd following the Chinese Lunar New Year parade through central London, Britain January 26, 2020. China&rsquo;s ambassador to London accused Britain on Monday of gross interference and making irresponsible remarks over Beijing&rsquo;s imposition of new security legislation in Hong Kong that he said could damage future Chinese investment. Britain has described the security law as a "clear and serious violation of the 1984 Joint Declaration under which it handed back its colony to China 13 years later and said that London would offer around 3 million residents a path to British citizenship. "The UK government keeps making irresponsible remarks on Hong Kong affairs, Ambassador Liu Xiaoming told reporters in the strongest rebuke Beijing has issued to London since Britain criticised the security law. On the British offer to give British National (Overseas) (BNO) passport holders in Hong Kong a path to British citizenship, he said: "This move constitutes gross interference in China&rsquo;s internal affairs and openly tramples on the basic norms governing international relations. He said China would decide on its response after seeing how Britain proceeded with its passport offer. Although Prime Minister Boris Johnson describes himself as a "Sinophile, he has also spoken of the need to "stick up for our friends in Hong Kong, straining relations with Beijing. He has also toughened his language on a provisional decision to allow China&rsquo;s Huawei to be involved in the development of Britain&rsquo;s 5G infrastructure, saying he would protect critical infrastructure from "hostile state vendors. Johnson has faced intense pressure from the United States and some British lawmakers to ban the telecommunications equipment maker on security grounds and Britain&rsquo;s media minister said on Monday the Huawei decision was not set in stone. Liu said that, although Chi

Suspects in VBS Bank case to appear again in court in October - Breaking news, special reports, world, business, sport cover

Suspects in VBS Bank case to appear again in court in October 6 July 2020, 4:39 PM | Sashin Naidoo | @SABCNews Image: SABC NEWS The eighth suspect in the VBS Mutual Bank case Phillipus Truter appeared before court. The case of eight suspects linked to the VBS Mutual Bank saga will resume on the 8th of October this year at the Palm Ridge Specialised Commercial Crimes Court in Ekhuruleni, Gauteng. On Monday morning, the last accused Phillipus Truter appeared in court and was granted bail of R50 000. The former chief financial officer of the now-defunct bank, who was arrested on Friday, plans to plead guilty to the charges against him. He faces 47 charges of fraud, theft, money laundering, corruption, and racketeering. Former VBS CFO granted R50 000 bail: Seven other suspects were arrested last month and have already appeared in court following the alleged theft of more than R2 billion from the bank. NPA Spokesperson Sipho Ngwema says, "The accused approached the state for negotiations with regards to the charges, but he has also indicated that he is going to plead guilty to the charges. So, the state is engaging with him. So, we have to wait and see what the outcome of the negotiations will be. In the video below, SABC News looks at the case ahead of Truter's appearance: This entry was posted on 06 Jul 2020,04:39PM at 4:39 PM and is filed under South Africa . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Steinhoff share price surges

STEINHOFF N.V. Image: Waldo Swiegers, Bloomberg Steinhoff International Holdings NV rose the most in almost three months after the retailer confirmed it's working on ways to settle 10 billion euros (R192.3 billion) of legal claims following an accounting scandal that almost destroyed the company. The stock climbed as much as 26% in Frankfurt on Monday, its biggest increase since mid-April, before paring the advance to trade 10% higher as of 1:51 p.m. local time. The gains extended a smaller rise late Friday after Bloomberg News reported the group is close to a breakthrough. Steinhoff continues to assess its options for a global settlement, the owner of Conforama in France and Pep stores across Europe said in a statement. That includes the total value and the terms of any deal, it said. The lawsuits come from those who lost out from the sudden collapse in Steinhoff's stock in late 2017, including ex-Chairman Christo Wiese, who is suing for R59 billion. The company can't pay the full 10 billion of legal claims in cash and may have to use its South African assets to help reach a deal, Chief Financial Officer Theodore de Klerk said last week. Steinhoff owns 68% of Pepkor, Africa's largest clothing retailer. "Pepkor is one of the assets that has value, Evan Walker, money manager at 36ONE Asset Management Ltd. in Johannesburg, said by phone. "There is some risk for Pepkor in this, depending who gets the stock. But the shares have also suffered some overhang with investors knowing Steinhoff may need to sell its stake, so to get that out the way could help. Pepkor, which raised R1.9 billion in a share sale last month to reduce debt and shore up its balance sheet, traded 0.4% lower in Johannesburg. Steinhoff shares intraday movement

Get these things right for a comfortable retirement

South Africans continue to fail dismally to provide for their retirement, with the latest industry statistics on savings rates showing that on average members have eight times too little savings at retirement. Only 6% are set to retire with a pension equal to 75% or more of their final salaries since most members typically do not have 12 times their average pensionable salary in savings at retirement, which would increase their chances of getting such a pension. Instead, on average members have 3.7 times their annual pensionable salaries at retirement - an average shortfall of eight times, Vickie Lange, head of best practice at Alexander Forbes, says. The latest survey of more than a million members included in the Alexander Forbes Member Watch Survey shows that on average members retire with savings capable of providing a pension equal to just over a quarter of their final salaries. A big contributor to this dismal outcome is members&rsquo; failure to preserve their savings when they change jobs, are fired or retrenched. Alexander Forbes&rsquo;s statistics show just 8.8% of members who leave their retirement funds are preserving their savings in either their existing or a new employers&rsquo; pension fund, a retirement annuity or preservation fund. And they are on average preserving less than half of the money in their funds. Both the number of members who are preserving their savings and the amount they are preserving has fallen since 2012, despite new regulations introduced in 2019 that attempt to nudge members to preserve their savings by making preservation the default option when a member leaves a fund. Lange said it is too early to measure the effect of these regulations and the factors that contribute to poor pension rates in retirement are all being exacerbated by the Covid-19 pandemic. A lack of preservation is the biggest culprit, but members are also saving too little and retiring too early. Alexander Forbes found the biggest reason members are withdrawing their sav

FSR FSRP - FIRSTRAND LIMITED - Disclosure of change in beneficial interest in FirstRand ordinary class shares pursuant to RM

FIRSTRAND: 3,851 +38 (+1.00%) 06/07/2020 17:29 FIRSTRAND LIMITED - Disclosure of change in beneficial interest in FirstRand ordinary class shares pursuant to RMH unbundling Release Date: 06/07/2020 16:55 Wrap Text Disclosure of change in beneficial interest in FirstRand ordinary class shares pursuant to RMH unbundling FIRSTRAND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share code: FSR; ISIN code: ZAE000066304 JSE B preference share code: FSRP; ISIN code: ZAE000060141 NSX ordinary share code: FST LEI: 529900XYOP8CUZU7R671 (FirstRand or the group) DISCLOSURE OF CHANGE IN BENEFICIAL INTEREST IN FIRSTRAND ORDINARY CLASS SHARES PURSUANT TO RMB HOLDINGS LIMITED (RMH) UNBUNDLING In accordance with paragraph 122(3)(b) of the Companies Act, No.71 of 2008 as amended (the Companies Act), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that FirstRand has received formal notification that RMH&rsquo;s shareholding of FirstRand issued ordinary shares has decreased by 33.01543%. This decrease in shareholding is pursuant to the unbundling of FirstRand shares by RMH. Shareholders are further advised that FirstRand has also received formal notification that the Public Investment Corporation&rsquo;s (PIC&rsquo;s) shareholding in the group has increased to 14.076% of FirstRand&rsquo;s issued ordinary shares, as a result of the FirstRand shares received from the unbundling by RMH. As required in terms of section 122(3)(a) of the Companies Act, FirstRand has filed the required notices with the Takeover Regulation Panel. The board of directors of FirstRand accepts responsibility for the information contained in this announcement as it relates to the group and confirms that, to the best of its knowledge and belief, the information relating to FirstRand is true and this announcement does not omit anything likely to affect the importance of s

Key Clinic - Automotive, Electronics, I.T. - Business For Sale East London Eastern Cape - Howzit Classifieds

Send Message Tips Avoid being the victim of fraud by meeting all buyers/sellers in person. If possible, meet in a public place, and never pay/accept cheques for items. The Howzit! team does not offer any transaction or payment services, nor do we offer guarantees or "payment protection" services. There are scammers in all walks of life and the World Wide Web is a powerful tool for such criminals. The Howzit! team treats every instance of fraud, abuse or spam very seriously and we will do our best to protect YOU and make your visit to Howzit! safe and fun! Howzit! ads, placed through the Memberzone are not reviewed before they go live. Remember... if it sounds too good to be true... it probably is! Trade carefully - Keep safe! Visit Howzit! regularly to pick up a lekker deal! &times; Enquiry: Key Clinic - Automotive, Electronics, I.T. - Business For Sale R 100

INVESTEC LIMITED - Publication of Base Prospectus Supplement - SENS

Publication of Base Prospectus Supplement Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 Date: 6 July, 2020 As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Prospectus Rules of the United Kingdom Financial Conduct Authority and/or the JSE Listing Requirements. Publication of Base Prospectus Supplement The following document has been approved by the UK Listing Authority and is available for viewing: Base Prospectus Supplement dated 3 July 2020 relating to Investec plc&rsquo;s Base Prospectus dated 31 March 2020 relating to the &pound;1,000,000,000 Euro Medium Term Note Programme. To view the full document, please paste the following URL into the address bar of your browser. http://www.rns-pdf.londonstockexchange.com/rns/1564S_1-2020-7-6.pdf A copy of the Base Prospectus Supplement will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism For further information, please contact: David Miller TEL: (+44) 20 7597 4000 Company No. 489604 Please note that the information contained in the Base Prospectus Supplement may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectuses as defined in the Base Prospectus Supplement) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the relevant Base Prospectus is not addressed. Prior to relying on the information contained in the Base Prospectuses you must ascertain from the Base Prospectuses whether

VKE - VUKILE PROPERTY FUND LIMITED - Dealings in securities by directors and by the company secretary of the company - 06/07

VUKILE: 920 +40 (+4.55%) 06/07/2020 17:29 VUKILE PROPERTY FUND LIMITED - Dealings in securities by directors and by the company secretary of the company Release Date: 06/07/2020 17:40 Wrap Text Dealings in securities by directors and by the company secretary of the company VUKILE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/027194/06) JSE share code: VKE NSX share code: VKN ISIN: ZAE000180865 (Granted REIT status with the JSE) ("Vukile or "the company) DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by directors and the company secretary of Vukile, pursuant to the vesting of shares under Vukile&rsquo;s Conditional Share Plan (the "CSP), and in order to settle the tax liability due in respect of the shares vested under the CSP: Name of director: LG Rapp Date of transaction: 30 June 2020 Class of securities: Ordinary shares Number of securities: 430 567 Price per security: R7.20 Total value of transaction: R3 100 082 Vesting date: 30 June 2020 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director&rsquo;s interest: Direct beneficial Clearance to deal received: Vesting of shares occurs automatically in terms of the CSP and no clearance is sought or received Name of director: IU Mothibeli Date of transaction: 30 June 2020 Class of securities: Ordinary shares Number of securities: 68 310 Price per security: R7.20 Total value of transaction: R491 832.00 Vesting date: 30 June 2020 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director&rsquo;s interest: Direct beneficial Clearance to deal received: Vesting of shares occurs automatically in terms of the CSP and no clearance is sought or received Name of director: GS Moseneke Date of transaction: 30 June 2020 Class of securities: Ordinary shares Number of securities: 118 840 Price per secu

APAC telcos to spend $331B on 5G, but 4G remains dominant in some markets

ZDNet Japan APAC telcos to spend $331B on 5G, but 4G remains dominant in some markets Region's mobile operators are expected to invest more in excess of $400 billion on their networks through to 2025, including $331 billion on 5G deployments, but 4G remains the dominant technology in markets such as India and Indonesia. | Topic: 5G Mobile operators in Asia-Pacific are expected to spend more than $400 billion on their networks between 2020 and 2025, with $331 billion on 5G deployments. However, the number of 5G connections will be lower than previously projected due to the global pandemic. The region is one of the world's fastest-growing and accounts for more than half of global subscribers, according to the Asia-Pacific chapter of GSMA's Mobile Economy report. By end-2019, the region was home to 2.8 billion mobile subscribers, which accounted for 66% of its total population, and there had been almost 500 million new subscribers since 2014. Mobile technologies and services last year also chalked up $1.6 trillion in economic value, or 5.3% of GDP, and the mobile ecosystem encompassed 18 million direct and indirect jobs. In addition, the industry helped raise $180 billion through general taxation in funds for the public sector. Read More By 2025, GSMA further projected that Asia-Pacific would account for half of new subscribers worldwide and be home to just over 3 billion mobile subscribers. This would account for 70% of its population. It added that 663 million people across the region would begin using mobile internet for the first time over the next six years, pushing the overall number of Asia-Pacific mobile internet users to 2.7 billion by 2025, or 61% of its population. For some, when they do connect, it will be to the high speeds of 5G. Nine markets in the region already launched commercial 5G mobile services, including South Korea, Japan, and China, and another 12 had officially announced plans to do likewise, said GSMA. Just last month, telcos in Singapore officially secured their 5G

Property refinance could save your business : Property News from Property360

Monday Jul 06, 2020 Property refinance could save your business Even as lockdown regulations ease and the economy reopens, many businesses continue to face serious cash flow issues that could force them into closure. For business owners who find themselves in this unfortunate position, or are just looking to free equity, a finance tool that may be worth considering is business property refinance. What is business property refinance? Refinancing is one of the most effective ways for business owners to tap into the equity in their property to secure cash on hand when needed. This is because, in addition to being considered tax-free, the capital can be used for any purpose and the interest can be deducted as an expense. This means that refinancing can offer a feasible alternative for business owners who may otherwise need to consider selling the property, instead tapping into the equity in their property to secure cash on hand when they need it most. Who is able to refinance commercial property? If you own a business, and have acquired or even started to acquire your own premises, the option of refinancing may be worth looking into. This is because, by acquiring rather than leasing your commercial property, you have been building an equity nest egg. What are the benefits? In addition to the obvious benefit of freeing cash flow, refinancing a property can result in more favourable loan terms for business owners. This is because, as a property owner s position becomes stronger over time, they present less risk to the lender, which means the lender may consider offering more favourable terms, such as better interest rates or extended payment periods. There are also potential tax benefits. The South African Revenue Service allows interest on property loans to be deducted as an expense. You also won t be subjected to any of the taxes, like capital gains tax, that you would be if you sold the property. Who can business owners approach for help? Business Partners has been financing business premises

Over 1,500 Public Officials Face Action for Doing Business with State - Your Worldwide South African Community

Over 1,500 Public Officials Face Action for Doing Business with State By At least 1,544 public servants who were involved in doing business with the state are to have action taken against them, according to the minister of Public Service and Administration Senzo Mchunu. Public Service Day was on 23 June this year. In June Mchunu said he had written to the government departments about employees who had failed to disclose their financial interests or the fact they did business with the government. "The Minister&rsquo;s decision will ensure that there are consequences for wrongdoing, the Public Service Commission said in a statement today. "If found guilty, a public servant can serve a jail term for conducting business with the State. "This will go a long way in ensuring adherence to the law and preventing public servants from conducting business with the State. This proves that no one is above the law and transgressors will be punished, it said. - With reporting from SAnews.gov.za

BTI - BRITISH AMERICAN TOBACCO PLC - Notification and public disclosure of transactions by persons discharging managerial re

BATS: 66,037 +731 (+1.12%) 06/07/2020 17:28 BRITISH AMERICAN TOBACCO PLC - Notification and public disclosure of transactions by persons discharging managerial responsibilities Release Date: 06/07/2020 17:00 Wrap Text Notification and public disclosure of transactions by persons discharging managerial responsibilities British American Tobacco p.l.c. or Incorporated in England and Wales (Registration number: 03407696) Short name: BATS Share code: BTI ISIN number: GB0002875804 ("British American Tobacco p.l.c." or "the Company") British American Tobacco p.l.c. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them The Company has been notified by the trustee of the British American Tobacco Employee Share Ownership Plan that on 1 July 2020 the following Executive Director and other persons discharging managerial responsibilities purchased ordinary shares of 25p each in British American Tobacco p.l.c. by way of the Partnership Share Scheme. 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Tadeu Marroco 2 Reason for the notification a) Position/status Finance Director b) Initial notification Initial notification /Amendment 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name British American Tobacco p.l.c. b) LEI 213800FKA5MF17RJKT63 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of Ordinary shares of 25p each instrument Identification code GB0002875804 b) Nature of the transaction Purchase of ordinary shares under the Partnership Share Scheme - a HMRC approved Share Incentive Plan c) Price(s) and volume(s) Price(s) Volume(s) &pound;30.93 5 d) Aggregated information - Aggregated volume 5 - Price

Communities, unions now have a say in Mining Charter review case - Fin24

Communities, unions now have a say in Mining Charter review case Sibongile Khumalo Share Impala Platinum has sent SMSes to workers, asking some of them to return on Tuesday. Communities and labour unions have been allowed to be part of a legal bid by the Minerals Council to challenge certain clauses of the third itiration of South Africa's mining charter, which is aimed at transforming the sector. The organisation which represents mining companies in the country had taken the department of mineral resources and energy to court to have the clauses around the transfer of mining rights, black economic empowerment shareholding among other empowerment provisions reviewed. Under the new regulations new mining right holders are required to have a 30% black ownership, a minimum of 5% non-transferable carried interest rights must go to qualifying employees, while another 5% must go to host communities. In a statement on Monday, Minerals Council had been of the view that the community groups did not have a legal right to be joined in the matter but later extended an invitation to interested parties as "friends of the court" which they say was not honoured. On 30 June, the North Gauteng High Court in Pretoria ordered that interested stakeholders such as trade unions Solidarity, NUM and AMCU and a host of community organisations be allowed to participate in the hearing. The court stated that "their exclusion from the litigation not only impoverishes the proceedings but could result in them suffering harm should the orders sought by the applicant be granted". The Council said the latest ruling meant that "the finalisation of the status of the contested elements of the 2018 Mining Charter will be delayed.

Sector Likely To Continue Growing Is Tertiary Education, Due To Population's Young Age - By Edward West

Ph July 6, 2020, 2:41 pm South Africa&rsquo;s gross domestic product (GDP) is on a trajectory of getting a lot worse, for longer, before it gets better. The GDP decline of -2 percent for the first quarter, which was before the Covid-19 lockdown, served only to confirm that the country was already in a recession before the pandemic. The three months of lockdown, where virtually the whole country was closed for that period, will be reflected in the second quarter GDP figures, and just how severe that is going to be is indicated by the fact that according to Statistics SA, just more than 10 percent of businesses closed permanently by the end of May. Investec chief economist Annabel Bishop said they expect South Africa to record a -10.1 percent year-on-year contraction in 2020 - many other economist forecasts are worse, while the National Treasury&rsquo;s forecast rather optimistically is at -7.2 percent. If one compares current circumstances to the global recession of 2008/2009, Bishop said South Africa was in a much stronger position fiscally and from a business point of view then, and the current recovery will likely be much weaker and slower this time around. In contrast, the recovery in other parts of the world seems likely to be faster. For example, some of the big JSE-listed property groups with assets in Europe, where lockdown easing has mostly taken place slightly earlier than in South Africa and with slightly less stringent regulations, are already reporting up to 75 percent of pre-Covid-19 foot counts in their shopping malls, and rental collections are recovering fast too. For South African investors on the JSE, unfortunately, it means that some industrial and business sectors, at least in the medium term, are likely to grow less faster than others. One sector likely to continue growing is tertiary education, due to the burgeoning and relatively young age of the population. The world economy is built on networks of supply chains, and services, local and international, and yo

Supply chain, procurement specialists join forces to grow new business in Africa

Supply chain, procurement specialists join forces to grow new business in Africa 6 Jul 2020 | Save | Email | Print | PDF To help African supply chain professionals position themselves and their businesses to adapt and thrive in today's challenging environment and beyond Covid-19, two leading role players in the African supply chain and procurement profession have partnered to host an online learning, knowledge sharing and networking event for the profession focusing on Africa. pashminu via Pixabay Sapics, The Professional Body for Supply Chain Management, has joined forces with supply chain and procurement information service, Smart Procurement to present the event. Africa Supply Chain in Actiontakes place on 20 and 21 August 2020 and is expected to bring together over 1,000 procurement and supply chain professionals. The event&rsquo;s theme is Adapt and Thrive for the New Tomorrow. The programme will examine what Africa has learned from the Covid-19 pandemic and how individuals and organisations must work together to change the dialogue, strategies, and operating models in response to the new tomorrow. "Extraordinary times call for extraordinary measures. Now more than ever it is critical to have solidarity throughout supply chains. More than ever, due diligence and dialogue with suppliers are essential tools for the security and resilience of your supply," comments Debbie Tagg, COO of Smart Procurement. "Our aim is to help supply chain professionals and businesses to reposition themselves to recover from the pandemic and make 2021 a success," says Keabetswe Mpane, Sapics president. "An online event of this magnitude specifically focused on African supply chains and the professionals managing them has not been produced before, and SAPICS is very excited to be collaborating with Smart Procurement to offer a unique approach to optimising supply chains, addressing the profession&rsquo;s skills gaps and formulating strategies to take African procurement and supply chain management to

Gallant Business Solutions the first SME to get a share of R100 million in Get SA Working initiative! - Hot 91.9FM

Gallant Business Solutions the first SME to get a share of R100 million in Get SA Working initiative! Enquire Subscribe to industry newsletters Gallant Business Solutions the first SME to get a share of R100 million in Get SA Working initiative! 6 Jul 2020 | Save | Email | Print | PDF Issued by: Hot 91.9FM Hot 91.9FM, in partnership with ProfitShare Partners, announced on Tuesday, 30 June, the first SME to get its share of R100 million through the Get SA Working SME Growth Initiative. Congratulations, Andries Leboho, Director of Gallant Business Solutions! Launched in 2014, Gallant Business Solutions entered the market with a focus on the petroleum sector. In 2015, the SME applied for a petroleum wholesale license and once the company received their license, they soon realised that the industry was very hard to penetrate. To keep the company afloat, they pursued business with government in 2016, however this proved to be challenging too due to the many suppliers and delays in payments in some departments - nevertheless, Gallant Business Solutions managed to survive. "The only issue that has been a challenge all along [was] financing of the purchase orders, however, we believe that is a thing of the past since discovering ProfitShare Partners through the Hot 91.9FM campaign, said Andries Leboho. "As part of our Get SA Working SME growth initiative, we&rsquo;re proud to that we could partner with another SME to realise success! Congratulations, Gallant Business Solutions! Here&rsquo;s to many more successes in the future, said CEO and founder of ProfitShare Partners, Andrew Maren. Lloyd Madurai, managing director of Hot 91.9FM, adds, "This is what Hot 91.9FM is all about, making sure that we can keep SMEs in business and that is why we are a proud partner in this ProfitShare Partners campaign. Visit www.getsaworking.co.za for more information on how to enter.

Zest Weg builds Africa base with local partners - Cape Business News

Cape Business News Zest Weg builds Africa base with local partners July 6, 2020 1 Zest WEG on a copper Mine in Kitwe, Zambia. "The key to sustainable growth in Africa is partnering with locally owned companies who have proven track records, are technically sound, have a strong market knowledge and business culture aligned with our own, Taylor Milan, Africa business development executive at Zest WEG. The company, a fully owned subsidiary of WEG, currently has 28 appointed partners in 22 sub-Saharan African countries outside of South Africa, and is expanding its footprint into new sectors across the regions. With extensive manufacturing and assembly facilities in South Africa, Zest WEG is driving its African growth strategy through local partnerships with carefully selected Value-Added Resellers (VARs). "The local content mandate is playing an increasingly important role in the supply of equipment and services into the formal business sector across the African continent, says Milan. "It brings services closer to the customer, while empowering local business and building local economies. He highlights that the company&rsquo;s VARs are also chosen for their technical and operational capability and capacity to offer customers more of Zest WEG&rsquo;s portfolio of products and services. "While our early offerings focused primarily on electric motors, the company now promotes a comprehensive portfolio of electrical products and solutions , he says. "These include geared motors, low and medium voltage drives and automation, panels, MCCs, E-houses, power and distribution transformers, mini-substations, a selection of traditional and renewable and hybrid power generation solutions as well as electrical infrastructure and mobile solutions. Milan notes that the business is also diversifying beyond mining into other sectors, notably oil and gas. On a global level, WEG has been active in this industry for many years and has built a strong industry specific product portfolio and knowledge base. O

TON - TONGAAT HULETT LIMITED - Further announcement regarding the proposed disposal of the starch business and further cauti

TONGAAT: 575 +15 (+2.68%) 06/07/2020 17:29 TONGAAT HULETT LIMITED - Further announcement regarding the proposed disposal of the starch business and further cautionary announcement Release Date: 06/07/2020 17:40 Wrap Text Further announcement regarding the proposed disposal of the starch business and further cautionary announcement Tongaat Hulett Limited (Incorporated in the Republic of South Africa) Registration number 1892/000610/06 JSE Share Code: TON ISIN: ZAE000096541 ("Tongaat" or the "Company") Further announcement regarding the proposed disposal of the starch business and further cautionary announcement Shareholders ("Tongaat Shareholders) are referred to the: - firm intention announcement released by Tongaat on 28 February 2020 wherein the Company advised Tongaat Shareholders that it had entered into an agreement to dispose of its starch business as a going concern to KLL Group Proprietary Limited. ("KLL Group), a wholly-owned subsidiary of Barloworld Limited ("Disposal); and - subsequent announcements of 15 and 30 April, 7 and 12 May and 4 and 5 June 2020. Fulfilment of suspensive condition relating to Competition Tribunal approval Shareholders are advised that South African Competition Tribunal has approved the Disposal without conditions. The Disposal has already been approved without conditions by The Common market for Eastern and Southern Africa competition authorities. The Disposal remains subject to the fulfilment of certain other conditions precedent, including, inter alia, lender consents and approval of the competition authorities in Indonesia. Suspensive condition relating to alleged material adverse change ("MAC) THL Shareholders are referred to the announcements dated 12 May 2020 and 4 June 2020 regarding the notification from KLL Group advising the Company that KLL Group had formed a view that a MAC has occurred. THL remains firmly of the view that a MAC has not occurred. The matter is being referred to an independent third party for determination. The Company remains

How to land new business now - 3 key tips

There are very few people that have been able to remain financially unaffected by the global economic shutdown brought on by the various governmental lockdown measures. "Entrepreneurs and SME&rsquo;s face what will probably be one of the toughest markets of our generation, and being able to expand our client base and land new business is critical, says Jacqueline Raw, Owner and Founder of Ycagel. She offers three key tips to landing new business in a post COVID-19 economy: 1. Don&rsquo;t reinvent the wheel: You have established your credibility in your industry by delivering on client&rsquo;s expectations and getting results. The first place to start when looking to expand your service offerings is with your current client base. Reach out to your clients and assess to see if there is an opportunity to expand their portfolios with you. Be clear about what other services you can bring to the table and don&rsquo;t be afraid to ask for business. This is the likeliest source of new opportunity as a consultant so ensure you don&rsquo;t miss out. Advertisement 2. Have a plan: Often as consultants or entrepreneurs, we don&rsquo;t have a sales plan or sales targets. It&rsquo;s easy to become overly comfortable and assume security. A powerful activity to ensure you land new business is to create a hit list of the top 20 clients you&rsquo;d like to work with and why. Once you&rsquo;ve nailed that down, you need to shape your value offering to suit the needs of each client. Then, reach out to key decision makers within these organisations. LinkedIn is a great place to start these conversations, introduce yourself, share your thoughts on where you can add value and above all else - just don&rsquo;t quit. 3. Bring value to the table: An important tactic in new business development is the art of bringing value to the table first, and then asking for commitment second. Showing that you understand a potential client&rsquo;s pain points AND that you have a possibl

INVESTEC PLC - Publication of Base Prospectus Supplement - SENS

Publication of Base Prospectus Supplement Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 Date: 6 July, 2020 As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Prospectus Rules of the United Kingdom Financial Conduct Authority and/or the JSE Listing Requirements. Publication of Base Prospectus Supplement The following document has been approved by the UK Listing Authority and is available for viewing: Base Prospectus Supplement dated 3 July 2020 relating to Investec plc&rsquo;s Base Prospectus dated 31 March 2020 relating to the &pound;1,000,000,000 Euro Medium Term Note Programme. To view the full document, please paste the following URL into the address bar of your browser. http://www.rns-pdf.londonstockexchange.com/rns/1564S_1-2020-7-6.pdf A copy of the Base Prospectus Supplement will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism For further information, please contact: David Miller TEL: (+44) 20 7597 4000 Company No. 489604 Please note that the information contained in the Base Prospectus Supplement may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectuses as defined in the Base Prospectus Supplement) only and is not intended for use and should not be relied upon by any person outside these countries and/or to whom the offer contained in the relevant Base Prospectus is not addressed. Prior to relying on the information contained in the Base Prospectuses you must ascertain from the Base Prospectuses whether

A glimpse of the future of business

Bizmag.co.za A glimpse of the future of business Opinion Share this with your network Ideas that begin as lockdown coping strategies can also revolutionise your business. Pierre Bruwer, Netstar MD, shares some of his organisation&rsquo;s learnings from the pandemic that has given them a glimpse of the future of business. As any South African business person will tell you, this has been a stressful time to be running a company. However, as we have worked to mitigate the effects of Covid-19, we have also gained a glimpse of what the future of business might look like. It is an exciting prospect. This is not to downplay the incredibly difficult time we find ourselves in. Lives are being lost, people are falling ill, quarantine regulations are forcing families into heart-breaking situations. Lockdown has come with its own hardships and has also led to the downfall of several businesses. Advertisement These are terrible outcomes, and one feels for our fellow South Africans. However, the crisis has also taught us something. In our business, when the state of disaster was first declared, our initial focus was to understand how regulations applied to us, and then to ensure the safety of our staff and our customers. People are remarkably resilient, and it was a pleasant surprise to see that staff and customers settled into a new routine within a couple of days. However, there would be no getting away from the economic impact of the global shutdown. The statistics from the first two weeks of the lockdown were unprecedented. Some businesses saw their income streams evaporate overnight. As a business in the telematics, fleet management and vehicle recovery space, we saw our call-outs decline to almost nothing. For the first time in our history, our metrics reflected no criminal incidents on certain days. We were not busy, which was worrying, but the quiet period gave us a chance to critically evaluate our business and consider how we would structure our operation going forward. This was Design Thi

Palladium market stands Waterberg JV project in good future stead

Palladium market stands Waterberg JV project in good stead Jul 6, 2020 0 views The long-term market fundamentals for palladium remain robust thanks to strong demand on the back of a continued supply deficit. This equates to a bright future for the palladium-dominant Waterberg Joint Venture (JV) project, located on the Northern Limb of South Africa&rsquo;s Bushveld Complex, according to TSX-listed Platinum Group Metals (PTM) president and CEO MICHAEL JONES. CHANTELLE KOTZE reports. This article first appeared in Mining Review Africa Issue 6, 2020 Read the full digimag here or subscribe to receive a print copy here In a shareholder webcast hosted in mid-May, Jones presented an update on the project&rsquo;s development, in which he noted that the South African Department of Mineral Resources and Energy should grant the mining right for the Waterberg Joint Venture project during June. This latest milestone follows the completion of the definitive feasibility study (DFS) in September 2019, which was approved by the JV partners in December. In February 2020, the Waterberg JV partners approved an amended purchase and development option agreement which would see Impala Platinum (Implats) fund the full R55 million implementation budget and work programme, aimed at increasing confidence in specific areas of the Waterberg DFS while awaiting the expected grant of a mining right and environmental authorisation. This is currently in progress. As it stands, PTM owns 50% of the Waterberg JV, with Japan, Oil, Gas and Metals National Corporation (JOGMEC) holding a 12% interest. The Waterberg JV is further supported by a group of investors including Impala Platinum (Implats) holding a 15% interest, diversified Japanese trading house Hanwa holding 9.7% and South African empowerment partner Mnombo Wethu Consultants holding the balance of the joint venture. Upon the granting of the mining right, Implats has 90-days to decide whether to increase its 15% stake (and first right of refusal to its concentrat

Motshekga worried dropout rates will spike this year - Breaking news, special reports, world, business, sport coverage of al

Motshekga worried dropout rates will spike this year 6 July 2020, 4:11 PM | Angela Bolowana | @SABCNews Image: @DBE_SA Motshekga says provinces such as Gauteng and the Western Cape have already started with the process following a number of teachers not being able to go back to school due to comorbidities. Basic Education Minister Angie Motshekga is concerned that dropout rates will spike in 2020. The Minister says while they have put in a lot of work into curbing the number of children who drop out of school over the years, this year may reverse the gains made. The COVID-19 pandemic has resulted in thousands of schools remaining closed. Motshekga was visiting schools as part of her oversight on the first day back for Grades R, 6 and 11. Motshekga says plans are afoot to recruit more teachers as part of meeting the challenges presented by the COVID-19 pandemic. Motshekga says provinces such as Gauteng and the Western Cape have already started with the process following a number of teachers not being able to go back to school due to comorbidities. Teacher unions have raised concerns that Motshekga is not making sure that there will be no teacher crisis when more learners go back to school at the end of July. Motshekga says that the 2020 school year will have to be carried over to 2021. Motshekga says the calendar for next year will be markedly different as they integrate the 2021 curriculum. "That's why we are saying for this year, let's look at foundational skills we need for the next grade. So, what we have done with the curriculum for internal grades is we count the time that we are losing and integrating to 2021 and we change the calendar in 2021. So, we have accepted that we will not get all we bargained for in 2020. It's not possible to integrate to 2021. Motshekga also responded to teacher unions' concern about the recruitment of teachers saying that it is well under way. "We are looking at all the databases we have of qualified unemployed teachers see how many of them are still avai

Blue Label expects double-digit rise in earnings

Blue Label expects double-digit rise in earnings Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&amp;' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From Blue Label expects double-digit rise in earnings Name &amp; Surname Blue Label expects double-digit rise in earnings 6th July 2020 ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + JSE-listed Blue Label Telecoms expects to report a more than 20% increase in earnings for the year ended May 31, 2020. This will be a turnaround on the prior year&rsquo;s performance, which reported losses on basic, headline and core headline a share of 727.81c, 312.49c and 304.77c respectively. Advertisement The preceding year&rsquo;s losses were as a result of Cell C&rsquo;s trading losses, impairment of its property, plant and equipment, the impact of a derecognition of its deferred tax asset and the consequent impairment of Blue Label&rsquo;s total investment therein. Fair value downward adjustments of the complete exposure relating to Special Purpose Vehicle (SPV)1 and SPV2, as well as a fair value downward adjustment of Glocell Distribution. Advertisement Further, the 2019 financial year performance was hampered by an impairment of Blue Label&rsquo;s total investment in the Oxigen India group and partial impairments of goodwill relating to Viamedia and Blue Label Connect and a partial impairment of the investment in the SupaPesa joint venture. "The above factors are the primary contributors to the expected growth in earnings for the year ende

Cboe Global Markets Reports June 2020 Trading Volume

Cboe Global Markets Reports June 2020 Trading Volume Cboe Global Markets Reports June 2020 Trading Volume 0 13 Cboe Global Markets Reports June 2020 Trading Volume - Options ADV up 50 percent, U.S. Equities ADV up 83 percent and Global FX up 5 percent over June 2019 - Cboe's four options exchanges combined set a new single day volume record with more than 16 million contracts traded - Cboe EDGX Options Exchange monthly ADV of more than one million contracts a new all-time high - Cboe EDGX Equities Exchange new monthly ADV record with more than 431 million shares traded per day PR Newswire CHICAGO, July 6, 2020 CHICAGO, July 6, 2020 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported June monthly trading volume. The data sheet " Cboe Global Markets Monthly Volume &amp; RPC/Net Revenue Capture Report " contains an overview of June and year-to-date trading statistics and market share by business segment, volume in select index products, and RPC, which is reported on a one-month lag, across business lines. In addition, a supplemental data sheet which provides electronic trading statistics for Cboe Options Exchange is also available on the website. MONTHLY TRADING VOLUME ADNV= average daily notional value June 2020 Volume Highlights Each of Cboe Global Markets' four options exchanges posted gains in ADV over June 2019: Cboe Options up 26 percent, C2 up 23 percent, Cboe BZX up 95 percent and Cboe EDGX up 154 percent. The four options exchanges had the highest combined single-day volume of all-time on June 5, with more than 16 million contracts traded. Cboe EDGX Options Exchange set a new monthly total volume record with more than 29 million contracts traded. The exchange also set a new all-time monthly ADV record with more than 1.3 million contracts traded. S&amp;P 500 Index (SPX) options ADV during June was 1.22 million contracts, up 12 percent over the 1.09 million contracts traded per day in May 2020. ADV in opt

Emer-G -Med responded to a vehicle that was on fire on the R21

Emer-G-Med responded to a vehicle that was on fire on the R21 06 July 2020 | From Arrive Alive Emer-G-Med responded to a vehicle that was on fire on the R21 direction South after Nelmapius Drive. The fire department was activated. Fortunately no injuries on scene. Local authorities were on scene for further investigations. Emer-G-Med responded to a vehicle that was on fire on the R21 https://t.co/9EsUQoV2TB #ArriveAlive #Fire @EMER_G_MED pic.twitter.com/HCDjycX4Oe - Arrive Alive (@_ArriveAlive) July 6, 2020 Share This Page Three hospitalised following an alleged poisoning at a residence in Cele... 06 Jul 2020 | From Arrive Alive A man and two boys have been hospitalised following an alleged poisoning at a residence in Inwabi in the Cele area, KwaZulu Natal. ER24 paramedics, along with the Life Healthcare paramedics, arrived on the scene at approximately 11h20 to find the local authorities already in attendance. On closer KZN: One critical after falling off the back of a bakkie on the R102... 06 Jul 2020 | From Arrive Alive KwaZulu-Natal: At 09H44 Monday morning Netcare 911 received a call for advanced life support assistance on the R102 Eastbound near King Shaka International Airport. Reports from the scene indicate that a 34-year-old male had fallen off the back of a bakkie allegedly while trying to grab his cellphone. The Taxi rollover leaves multiple injured in Houghton... 06 Jul 2020 | From Arrive Alive Emer-G-Medresponded to reports of a Taxi rollover in Houghton. On arrival, multiple patients wear treated and transported to the hospital with mild to moderate injuries. Local authorities were on scene for further investigations. Taxi rollover leaves multiple injured in Houghton https://t.co/Qro6KYpTky One seriously injured patient transported to Edendale hospital by AMS following a vehicle collision... 06 Jul 2020 | From Arrive Alive Mercy Wing 5 was transferring an intubated, ventilated patient who was involved in a motor vehicle collision from Pholela Community Health Clinic to Edend

Six people have been killed in taxi violence on the Cape Flats since Friday - Breaking news, special reports, world, busines

Six people have been killed in taxi violence on the Cape Flats since Friday 6 July 2020, 5:12 PM | Mlamli Maneli | @SABCNews Image: SABC News Police Spokesperson Brigadier Novela Potelwa says two other people sustained serious wounds and were taken to hospital following Monday morning's incident. Police are probing six murder cases following taxi-related shootings in Nyanga and Philippi on the Cape Flats over the past few days. Three people were shot dead in Nyanga on Monday morning, while three others died in Philippi on Friday. Police Spokesperson Brigadier Novela Potelwa says two other people sustained serious wounds and were taken to hospital following Monday morning's incident. The body count of taxi drivers being shot and killed is growing, with as many as six killed in Cape Town since Friday. In Philippi, on Monday morning, a 24-year-old driver died, while two others were wounded. Spokesperson for the Cape Amalgamated Taxi Association, Phumzile Nxokwana, says the motive for the killings is not known. "We found one of our drivers has passed away and there are others that are in the hospital right now, very critical condition, and that is not just our route alone. There's Bellville and some other routes, but we don't know what is the cause of (what) this happening. Police say a taxi driver and his assistant were also shot and killed in Nyanga this morning. They allegedly arrived in the area from the Eastern Cape. Police Spokesperson, Brigadier Novela Potelwa, says, "Members of the Organised Crime Taxi Investigation Team are still combing for clues as they investigate six murders and six attempted murders believed to be taxi-related. On Monday morning, at five, a taxi driver and his assistant were shot dead in Lusaka, Nyanga this morning, as they arrived in the area from the Eastern Cape. At approximately the same time, on the corner of Sheffield and New Isleben Roads also in Nyanga, taxi drivers in a vehicle came under fire. Three taxi drivers were shot and killed in Philippi East on

Surveys Suggest US Business Activity Saw Record Surge In June

Surveys Suggest US Business Activity Saw Record Surge In June Surveys Suggest US Business Activity Saw Record Surge In June Tyler Durden Mon, 07/06/2020 - 10:04 After US manufacturing surveys soared by a record in June , the services sector surveys were both expected to confirm the re-opening euphoria with all four surveys beating expectations and rising fast ISM Manufacturing in Expansion - 52.6 vs 49.8 expectations and 43.1 prior - best since April 2019 PMI Manufacturing in Contraction - 49.8 vs 49.6 expectations and 39.8 prior - a record 10 point jump ISM Services in Expansion - 57.1 vs 46.9 expectations and 45.4 prior - record jump PMI Services in Contraction - 47.9 vs 49.6 expectations and 37.5 prior - record jump A massive surge in ISM&rsquo;s Service survey, back to pre-Virus levels &lt;![endif]-&gt; Source: Bloomberg The purchasing managers&rsquo; measure of service-related business activity, which parallels the ISM&rsquo;s factory production index, jumped a record 25 points to 66 in June, the second-highest in records dating back to 1997. Source: Bloomberg A gauge of new orders climbed nearly 20 points to a four-month high of 61.6. The record surge in ISM was all driven by optimism (as opposed to real hard data flows): "Advertisers are starting to place more advertisements and the media business is turning around. Generally, we are at the end of the employee furloughs and layoffs. Our work efforts have been focused on navigating COVID-19. We are now shifting to value-add projects. We are cautiously optimistic, although as we get closer to the presidential election, we are on guard of unprecedented civil and social unrest. (Information) "Activity level is holding steady, with the potential of a rebound in the near future. (Mining) "Sales have picked up tremendously. Sporadic supply issues. Biggest concern for us is lumber shortages. (Construction) "Surprising recovery to sales volume over the past four weeks. (Agriculture, Forestry, Fishing &amp; Hunting) "B

Rental income as part of your retirement income

Rental income as part of your retirement income Your retirement income and cash flow cannot rest on a 55% payment rate from tenants. 6 July 2020 15:27 / By Richus Nel - PSG Wealth Image: Shutterstock The Covid-19 financial market experience has unsettled even those most experienced in financial market investing. Records were set for all the wrong reasons; the S&amp;P500 this time only took 16 days to fall into a bear market compared to 38 days in 1987 (including the infamous &lsquo;Black Monday&rsquo;) and 118 days for the Great Financial Crisis in 2008. Various property syndications and physical investment property conversations re-emerged as all confidence has been shaken in the global and local financial markets. The marketing message driven home (excuse the pun) to potential investors, is that physical brick and mortar is somehow relatively immune to economic/financial market cycles. While investing in physical property perhaps provides a sense of comfort (or security) to investors, there are various aspects that are discussed less often than the "success stories that are often bandied about. The reality for physical investment property owners Mortgaged investment property makes a lot of sense. You receive capital growth and income on assets you would not otherwise have owned. Landlords often don&rsquo;t share their horrid investment property stories with their friends, but they surely open up towards their financial advisors. Gardens and swimming pools neglected by tenants, garage doors/geysers, kitchens/bathrooms maintenance (water supply/drainage), carpets and kitchen replacements. Leaking roofs/chimneys and sinking foundations are some of the stories I have heard. Anyone knowing their numbers can see that these unforeseen extras, quickly dilute any form of investment profitability. South African landlords are mostly unprotected against non-payment, legal disputes, verbal abuse and (in extreme cases) personal safety concerns. Market prices or value Residential: Accor

TON - TONGAAT HULETT LIMITED - Further announcement regarding the proposed disposal of the starch business and further cauti

TONGAAT: 575 +15 (+2.68%) 06/07/2020 17:29 TONGAAT HULETT LIMITED - Further announcement regarding the proposed disposal of the starch business and further cautionary announcement Release Date: 06/07/2020 17:40 Wrap Text Further announcement regarding the proposed disposal of the starch business and further cautionary announcement Tongaat Hulett Limited (Incorporated in the Republic of South Africa) Registration number 1892/000610/06 JSE Share Code: TON ISIN: ZAE000096541 ("Tongaat" or the "Company") Further announcement regarding the proposed disposal of the starch business and further cautionary announcement Shareholders ("Tongaat Shareholders) are referred to the: - firm intention announcement released by Tongaat on 28 February 2020 wherein the Company advised Tongaat Shareholders that it had entered into an agreement to dispose of its starch business as a going concern to KLL Group Proprietary Limited. ("KLL Group), a wholly-owned subsidiary of Barloworld Limited ("Disposal); and - subsequent announcements of 15 and 30 April, 7 and 12 May and 4 and 5 June 2020. Fulfilment of suspensive condition relating to Competition Tribunal approval Shareholders are advised that South African Competition Tribunal has approved the Disposal without conditions. The Disposal has already been approved without conditions by The Common market for Eastern and Southern Africa competition authorities. The Disposal remains subject to the fulfilment of certain other conditions precedent, including, inter alia, lender consents and approval of the competition authorities in Indonesia. Suspensive condition relating to alleged material adverse change ("MAC) THL Shareholders are referred to the announcements dated 12 May 2020 and 4 June 2020 regarding the notification from KLL Group advising the Company that KLL Group had formed a view that a MAC has occurred. THL remains firmly of the view that a MAC has not occurred. The matter is being referred to an independent third party for determination. The Company remains

INL INP - INVESTEC LIMITED - Publication of Base Prospectus Supplement - 06/07/2020

INVLTD: 3,580 +201 (+5.95%) 06/07/2020 15:57 INVESTEC LIMITED - Publication of Base Prospectus Supplement Release Date: 06/07/2020 16:00 Wrap Text Publication of Base Prospectus Supplement Investec Limited Investec plc Incorporated in the Republic of South Africa Incorporated in England and Wales Registration number 1925/002833/06 Registration number 3633621 JSE share code: INL LSE share code: INVP NSX share code: IVD JSE share code: INP BSE share code: INVESTEC ISIN: GB00B17BBQ50 ISIN: ZAE000081949 Date: 6 July, 2020 As part of the dual listed company structure, Investec plc and Investec Limited notify both the London Stock Exchange and the JSE Limited of matters which are required to be disclosed under the Prospectus Rules of the United Kingdom Financial Conduct Authority and/or the JSE Listing Requirements. Publication of Base Prospectus Supplement The following document has been approved by the UK Listing Authority and is available for viewing: Base Prospectus Supplement dated 3 July 2020 relating to Investec plc's Base Prospectus dated 31 March 2020 relating to the &pound;1,000,000,000 Euro Medium Term Note Programme. To view the full document, please paste the following URL into the address bar of your browser. http://www.rns-pdf.londonstockexchange.com/rns/1564S_1-2020-7-6.pdf A copy of the Base Prospectus Supplement will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism For further information, please contact: David Miller Company Secretary Investec Bank plc 30 Gresham Street London EC2V 7QP TEL: (+44) 20 7597 4000 Company No. 489604 DISCLAIMER - INTENDED ADDRESSEES Please note that the information contained in the Base Prospectus Supplement may be addressed to and/or targeted at persons who are residents of particular countries (specified in the Base Prospectuses as defined in the Base Prospectus Supplement) only and is not intended for use and should not be relied upon by any

Japan floods, mudslides kill at least 44 as streets turn to rivers - Breaking news, special reports, world, business, sport

Japan floods, mudslides kill at least 44 as streets turn to rivers 6 July 2020, 3:33 PM | Reuters | @SABCNews Image: Reuters A couple looks around at the site of their parents' house which was damaged by torrential rain in Kuma town, Kumamoto Prefecture, southwestern Japan. Torrential rain hit Japan's southwestern island of Kyushu on Monday, with at least one more river bursting its banks, as the death toll from three days of floods and mudslides rose to 44, including 14 at an old people's home. Evacuation orders were issued for more than half a million island residents, as well as evacuation advisories for tens of thousands more in western Japan, broadcaster NHK said. Prime Minister Shinzo Abe said the rain was forecast to head east by Wednesday and ordered round-the-clock search and rescue operations. Ten people were missing, NHK said. TV pictures showed streets turned into rivers rushing by at waist high, a collapsed bridge, upturned cars and a helicopter winching a man to safety from an inundated house. The old people's home was flooded in the island's central prefecture of Kumamoto. NHK did not give details. "I urge all citizens to carefully follow the information provided by local authorities and stay alert to take actions to protect their own lives, Abe said at the start of a government task force meeting. Chief Cabinet Secretary Yoshihide Suga said 40 000 members of the Self-Defence Force were involved in rescue missions. He added that evacuation centres were also working on preventing the spread of the coronavirus by distributing disinfectant and asking evacuees to self-distance. The floods are Japan's worst natural disaster since Typhoon Hagibis killed about 90 people in October. This entry was posted on 06 Jul 2020,03:33PM at 3:33 PM and is filed under World . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Gambian pair give Bologna unlikely win at Inter - Breaking news, special reports, world, business, sport coverage of all Sou

Gambian pair give Bologna unlikely win at Inter 6 July 2020, 4:11 PM | Reuters | @SABCNews Image: Reuters Bologna's Musa Juwara celebrates after the match, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19). Bologna's Gambian duo Musa Juwara and Musa Barrow scored in the last 20 minutes to give the 10-man visitors an unlikely 2-1 win over Inter Milan who once again threw away a match that seemed to be theirs for the taking in Serie A on Sunday. The contest turned on a remarkable double save by Bologna goalkeeper Lukasz Skorupski who stopped a Lautaro Martinez penalty and parried away Roberto Gagliardini's effort from the rebound when Inter were leading and playing with a man extra. The defeat almost certainly ended Inter's lingering title hopes as it left them with 64 points from 30 games, 11 adrift of leaders Juventus and four points behind second-placed Lazio with eight games remaining. "I really want to thank the coach for showing me that trust, said 18-year-old substitute Juwara, who according to Italian media reports arrived in Sicily by boat as an unaccompanied 14-year-old after leaving his homeland in 2016. "I'm really happy to score my first goal, which I want to dedicate to my family and all those who have helped me on my journey. This is a dream for me and a day I'll remember for the rest of my life. The pattern of the game was all too familiar for Antonio Conte's Inter side who missed an open goal and twice squandered the lead in a 3-3 draw at home to Sassuolo last month. The first half went pretty much as expected with Romelu Lukaku giving Inter a 22nd minute lead with his 20th league goal of the season, reacting quickly to prod in the rebound after Martinez's header hit the post. After Barrow also struck the woodwork early in the second half for Bologna, the game seemed to turn Inter's way when the visitors had Roberto Soriano sent off in the 57th minute for dissent The hosts were awarded a soft penalty five minutes later after Ant

FIRSTRAND LIMITED - Disclosure of change in beneficial interest in FirstRand ordinary class shares pursuant to RMH unbundlin

Disclosure of change in beneficial interest in FirstRand ordinary class shares pursuant to RMH unbundling FIRSTRAND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/010753/06) JSE ordinary share code: FSR; ISIN code: ZAE000066304 JSE B preference share code: FSRP; ISIN code: ZAE000060141 NSX ordinary share code: FST LEI: 529900XYOP8CUZU7R671 DISCLOSURE OF CHANGE IN BENEFICIAL INTEREST IN FIRSTRAND ORDINARY CLASS SHARES PURSUANT TO RMB HOLDINGS LIMITED (RMH) UNBUNDLING In accordance with paragraph 122(3)(b) of the Companies Act, No.71 of 2008 as amended (the Companies Act), regulation 121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that FirstRand has received formal notification that RMH&rsquo;s shareholding of FirstRand issued ordinary shares has decreased by 33.01543%. This decrease in shareholding is pursuant to the unbundling of FirstRand shares by RMH. Shareholders are further advised that FirstRand has also received formal notification that the Public Investment Corporation&rsquo;s (PIC&rsquo;s) shareholding in the group has increased to 14.076% of FirstRand&rsquo;s issued ordinary shares, as a result of the FirstRand shares received from the unbundling by RMH. As required in terms of section 122(3)(a) of the Companies Act, FirstRand has filed the required notices with the Takeover Regulation Panel. The board of directors of FirstRand accepts responsibility for the information contained in this announcement as it relates to the group and confirms that, to the best of its knowledge and belief, the information relating to FirstRand is true and this announcement does not omit anything likely to affect the importance of such information. RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 06-07-2020 04:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (&lsquo;

Walter Junior Casagrande, il bomber di Ascoli e Torino che ha sconfitto alcol e droga

...ico non l'ho mai dimenticato, il suo ricordo in me &egrave; sempre vivo. Abbiamo avuto anche discussioni, ma erano divergenze solo sul modo di giocare. Ma con lui poi finiva tutto subito. Era fantastico". "Al Bernabeu fu durissima, contro 90 mila tifosi che ci provocavano di continuo. - assicura - Perdemmo 2-1, ma tornammo a casa con la certezza che al ritorno li avremmo impallinati. Infatti and&ograve; cos&igrave;... Entrai in campo concentrato, volevo il goal al Bernabeu e arriv&ograve;: Policano calci&ograve; in maniera fantastica quella palla non trattenuta da Buyo. Io fui rapido nel pensare, ero sicuro che il portiere avrebbe fatto un errore. Ero l&igrave;, e lo punii subito". Dopo la rete in Coppa, con una doppietta nel Derby della Mole Casagrande colpisce ancora, spegnendo le speranze Scudetto dei bianconeri di Trapattoni. "Il goal al Bernabeu &egrave; stato certamente indimenticabile, ma i goal che ho fatto alla Juve li considero pi&ugrave; importanti di quello al Real. - assicura - La doppietta nel derby di qualche giorno dopo, ad esempio, fu un&rsquo;altra cosa, una goduria. Ancora oggi tifo Toro. Lo scriva: sar&ograve; granata per sempre. Lo dicono tutti, &egrave; proprio cos&igrave;: si resta del Toro tutta la vita". Casagrande firma 2 goal anche nella finale di andata di Coppa UEFA al Delle Alpi, ma i suoi sforzi non basteranno: il match si conclude 2-2, al ritorno l'Ajax pareggia 0-0 ad Amsterdam con 3 pali colpiti dai granata (uno proprio su colpo di testa del brasiliano) e i Lancieri possono sollevare al cielo la coppa. Casagrande resta al Torino un altro anno, giusto in tempo per giocare anche in coppia con Pato Aguilera e vincere una Coppa Italia , prima di salutare l'Italia e far ritorno in Brasile dopo 19 goal totali in 69 presenze con la maglia granata. ALL'INFERNO E RITORNO Tornato in Brasile non ha pi&ugrave; quell'entusiasmo che il calcio italiano gli aveva dato. Casagrande gioca con il Flamengo e di nuovo con i

City in China's Inner Mongolia warns after suspected bubonic plague case - Breaking news, special reports, world, business,

6 July 2020, 5:32 PM | Reuters | @SABCNews Image: Reuters Plague cases are not uncommon in China, but outbreaks have become increasingly rare. Authorities in a city in the Chinese region of Inner Mongolia issued a warning on Sunday, one day after a hospital reported a case of suspected bubonic plague. The health committee of the city of Bayan Nur issued the third-level alert, the second-lowest in a four-level system. The alert forbids the hunting and eating of animals that could carry plague and asks the public to report any suspected cases of plague or fever with no clear causes, and to report any sick or dead marmots. SABC Correspondent Patrick Fok has more from Beijing: Sunday's warning follows four reported cases of plague in people from Inner Mongolia last November, including two of pneumonic plague, a deadlier variant of plague. The bubonic plague, known as the "Black Death in the Middle Ages, is a highly infectious and often fatal disease that is spread mostly by rodents. Plague cases are not uncommon in China, but outbreaks have become increasingly rare. From 2009 to 2018, China reported 26cases and 11 deaths. Russia cracks down on marmot hunting after bubonic plague alert Russia said on Monday it had stepped up patrols to stop people hunting marmots near its border China and Mongolia after the countries reported possible cases of bubonic plague, which can be carried by the animals. Authorities in Bayan Nur, a city in the Chinese region of inner Mongolia, issued a warning on Sunday after a hospital reported a suspected case of the deadly disease. The Chinese region forbade the hunting and eating of the large rodents and asked the public to report any suspected cases, as well as any sick or dead marmots. Neighbouring Mongolia also reported two cases of bubonic plague linked to people eating marmot meat in its western Khovdprovince last week. Authorities in Russia's Altai region, which borders Kazakhstan, China and Mongolia, said officials were patrolling the area to enforce a ban on

Kenya Airways to lay off staff, reduce network and assets: CEO - Breaking news, special reports, world, business, sport cove

Kenya Airways to lay off staff, reduce network and assets: CEO 6 July 2020, 2:20 PM | Reuters | @SABCNews Image: Reuters Kenyan Airways planes are parked at the Jomo Kenyatta International Airport in Nairobi, Kenya, March 24, 2020. Kenya Airways will lay off an unspecified number of workers, reduce its network and also get rid of some assets due to the coronavirus crisis , its chief executive said in an internal memo seen by Reuters. The coronavirus crisis has hit the global aviation industry hard, with African carriers alone expected to lose $6 billion this year in revenue. "Our short and medium-term projections indicate that we must inevitably reduce our operations before we begin to scale up again, Allan Kilavuka wrote in the memo dated July 3, adding that the exercise will be completed by Sept. 30. The carrier, in which Air France-KLM holds a small stake, was struggling long before the outbreak, posting 2019 losses of almost 13 billion shillings ($122.2 million). It cut salaries by as much as 80% when the crisis started, and sought a government bailout to help it take care of running costs after it grounded its planes when Kenya stopped commercial passenger flights to curb the spread of the virus. The government declined to bail it out, opting to press ahead with a pre-pandemic plan to nationalise the carrier, part of wider reforms of the East African nation&rsquo;s aviation sector. Michael Joseph, the airline&rsquo;s chairman, said the decision to lay off workers and reduce operations was not informed by the failure to secure a bailout. "We have to face the fact that demand for air travel is going to be reduced significantly for the next 2-3 years, Joseph told Reuters on Monday, adding that other carriers were taking similar actions. "We have delayed taking this action for too long. On Friday, the Nairobi bourse suspended trading of Kenya Airways shares for three months, citing the government&rsquo;s plan to restructure the carrier, after it submitted to parliament a bill

Plans afoot to recruit more teachers to meet challenges posed by COVID-19: Minister - Breaking news, special reports, world,

Plans afoot to recruit more teachers to meet challenges posed by COVID-19: Minister 6 July 2020, 2:25 PM | Angela Bolowana | @SABCNews Image: Reuters Some schools could not open today because they do not have PPEs. Basic Education Minister Angie Motshekga says plans are afoot to recruit more teachers as part of meeting the challenges presented by the COVID-19 pandemic. Motshekga says provinces such as Gauteng and the Western Cape have already started with the process following some teachers not being able to go back to school due to comorbidities. Teacher unions have raised concerns that Motshekga is not making sure that there will be no teacher crisis when more learners go back to school at the end of the month. "The second term is gone clean. So we are eating in the third. Although we are shifting back closing dates, we have accepted that we will not get more than 60% worth. Motshekga says that the 2020 school year will have to be carried over to 2021. She says the calendar for next year will be markedly different as they integrate the 2021 curriculum. "That's why we are saying for this year let's look at foundational skills we need for the next grade. So, what we have done with the curriculum for internal grades is we count the time that we are losing and integrating to 2021 and we change the calendar in 2021. So we have accepted that we will not get all we bargained for in 2020, it's not possible to integrate to 2021. Recruitment of teachers Motshekga also answered teacher unions' concern about the recruitment of teachers, saying that it is well underway. "We are looking at all the databases we have of qualified unemployed teachers, to see how many of them are still available. Gauteng is already taking some of them, Western Cape is employing them, not for now, when we start taking in more grades. The Minister was visiting some schools in Midrand, north of Johannesburg, to assess the first day of schooling for Grades 6 and 11. In the video below, Minister Angie Motshekaga explains why G

Zimbabwe: Explore Foreign Markets, Farmers Urged

Zimbabwe Zimbabwe: Explore Foreign Markets, Farmers Urged 6 July 2020 The Herald (Harare) By Conrad Mupesa Farmers have been encouraged to venture into horticulture and explore regional and international markets to improve Zimbabwe's foreign currency earnings. Presently, many farmers are involved in traditional and cereal grains production to ensure national food security, although farmers have struggled to produce enough maize, soya beans and wheat due to a number of reasons including erratic rainfall patterns, high temperatures and financial constraints. This has seen Zimbabwe using the little foreign currency available to import the grains to avert starvation. After exploring various international markets, a newly resettled farmer who recently embarked on extensive horticulture at his Delaros Farm, about 7km from the now defunct former mining settlement of Mhangura, Tafadzwa Nyikadzino (37), urged both A 1 and A2 farmers to venture into the highly rewarding horticulture business. Mr Nyikadzino, who has 60 hectares under sugar beans, peas, tomatoes and ginger and passion fruit for regional and international markets, and another 50 hectares under winter wheat, said a lot of foreign markets demanded the crops. He was speaking during a "Horticulture Promotion Field-Day for Regional and International Markets", held at his farm on Saturday. The DRC, Mozambique, Zambia and United Arab Emirates, were some of the top markets for horticultural produce. "There are a number of unexplored markets that we as a nation should focus on. Our agricultural practices have to transform from perennial cereal production and diversify, putting cognisance on horticultural produce as it brings quick foreign currency," he said. "We shouldn't be inward looking as farmers and as a nation, but look for better external markets. Zambia, which is 3 hours' drive from here (Mhangura) is being serviced by South African farmers who take probably two days to deliver the produce." He said Zimbabwean farmers should take advant

Third-quarter ferrochrome benchmark price rolls over at $1.14/lb

Third-quarter ferrochrome benchmark price rolls over at $1.14/lb Close Search Engineering News Note: Search is limited to the most recent 250 articles. To access earlier articles, click Advanced Search and set an earlier date range. To search for a term containing the '&amp;' symbol, click Advanced Search and use the 'search headings' and/or 'in first paragraph' options. Where... go back to login or contact us at subscriptions@creamermedia.co.za Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address. Sponsored by separate emails by commas, maximum limit of 4 addresses From Third-quarter ferrochrome benchmark price rolls over at $1.14/lb Name &amp; Surname ARTICLE ENQUIRY SAVE THIS ARTICLE EMAIL THIS ARTICLE Font size: - + JOHANNESBURG (miningweekly.com) - The European benchmark ferrochrome price for the third quarter of 2020 has been settled at $1.14/lb, a rollover from the second quarter of 2020, JSE-listed Merafe Resources advised shareholders on Monday. This price remains an increase of 12.9% on the first-quarter price of $1.01/lb. Advertisement The JSE-listed Merafe made the price rollover announcement in a stock exchange news service (SENS) notice. In the quarter ended March 31, Merafe&rsquo;s attributable ferrochrome production from the Glencore-Merafe Chrome Venture decreased by about 3.6% year-on-year to 100 000 t, compared with 104 000 t for the corresponding quarter of 2019. Advertisement On March 24, all venture production was stopped ahead of the start of South Africa's five-week lockdown to help curb the spread of Covid-19. In early May, operations at the Lion ferrochrome smelter and Eastern Chrome mines recommenced but the Boshoek, Rustenburg, Wonderkop, Lydenburg smelters and Kroondal mine remained on care and maintenance, awaiting improvement in the macroeconomic environment. In mid-June, the alloys division of Glencore Operations South Africa and Merafe commenced a consultation process with empl

Adebayor leaves Olimpia after four months - Breaking news, special reports, world, business, sport coverage of all South Afr

Adebayor leaves Olimpia after four months 6 July 2020, 2:29 PM | Reuters | @SABCNews Image: Reuters The 36-year old has been at home in Togo for much of the coronavirus pandemic. Emmanuel Adebayor has left Olimpia after less than five months at the club due to complications thrown up by the new coronavirus, the Paraguayan side said on Tuesday. The 36-year old has been at home in Togo for much of the coronavirus pandemic and the club said his return to Paraguay posed significant health and safety problems. "The high logistical cost and the economic situation the country is going through has not escaped Olimpia either, the club said, adding that the split was by mutual agreement. Adebayor, who has also played for Arsenal, Manchester City, Tottenham Hotspur and Real Madrid, was a surprise signing for Olimpia in February but had little chance to perform before the league was suspended due to the global pandemic. This entry was posted on 06 Jul 2020,02:29PM at 2:29 PM and is filed under Sport . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Obvs! Sedgwick's Old Brown Sherry is not a cure for Covid-19, warns brewer

Old Brown Sherry is not a cure for Covid-19, as claimed in viral social media posts. Rumours have been circulating on social media in which is it claimed that not only does a glass of Sedgwick's Old Brown Sherry "make your blood warm, it also kills the deadly coronavirus. The rumours started circulating after a WhatsApp voice note was shared online. In the voice note, a Xhosa-speaking woman in the Eastern Cape claimed that a child, who had been very ill from Covid-19, was "cured after having a sip from their uncle's alcohol stash. However, Distell Group debunked the rumours and said it was aware of the WhatsApp voice note doing the rounds on social media. The group also said it did not condone the consumption of alcohol by minors. "We have become aware of a WhatsApp voice note alleging that Old Brown Sherry offers medicinal benefits. This is simply not true, the group said in a statement. "Old Brown Sherry is not a cure for Covid-19. We are equally shocked and extremely concerned that the voice note also suggests that Old Brown Sherry can be consumed by minors. It is illegal for alcohol to be sold to or consumed by anyone under the age of 18, and as Distell we do not condone the consumption of alcohol by minors. The group advised all consumers to always refer to official sources of information about Covid-19 before sharing rumours. According to the World Health Organisation, drinking alcohol does not protect one against Covid-19 and can be dangerous. The organisation warned that the harmful use of alcohol increases one's risk of health problems.

Só skerp daal mense se inkomste ná aftrede

S&oacute; skerp daal mense se inkomste n&aacute; aftrede Sal jy op minder as &rsquo;n vyfde van jou salaris kan oorleef? Dis wat die meeste mense noodgedwonge moet doen wanneer hulle aftree. Energie Parktown Boys: &lsquo;Kom ons arresteer hierdie monster&rsquo; In September 2018 is Collan Rex, die voormalige waterpolo-afrigter by Parktown Boys&rsquo; High, skuldig bevind aan onder meer 144 aanklagte van seksuele aanranding. Hier volg die voorwoord van Brutal School Ties, waarin Sam Cowen oor die skool se &lsquo;kultuur van geweld en inisiasie, versluier in &rsquo;n kode van stilte&rsquo; skryf. Menings Hoe meer dinge verander, hoe meer bly hulle dieselfde. Menings Ennio Morricone, een van die bekendste komponiste van rolprentmusiek, is op 6 Julie op 91-jarige leeftyd in &rsquo;n hospitaal in Rome oorlede. Hy het geval en &rsquo;n been gebreek waarna hy opgeneem is en &rsquo;n paar dae later dood is. Musiek Kyk: Emma huldig Van Gogh met eie weergawe van lied Die Kaapstadse sanger Emma van Heyn gee nuwe betekenis aan die liedjie "Starry Starry Night oor die kunstenaar Vincent van Gogh. Sy het in die psige van die kunstenaar gedelf vir haar vertolking en gee die ontstellende gedagtes en diepe hartseer in Celebs Goeie nuus is die afgelope tyd maar dun gesaai, maar Blitsbrein Junior (Netwerk24 se algemene-kennis-kompetisie) gaan voort vanjaar en sal aanlyn aangebied word sodat jy van die huis af kan deelneem. D&iacute;s beslis goeie nuus!. Boeke Lees elke dag saam aan die vervolgverhaal, Tussen die klippe, deur Hans du Plessis. Speletjies Op en Af Netwerk24 se blitsreeks, Op en Af, is &rsquo;n komedie en volg die lewe van drie paartjies wat in dieselfde woonstelblok in Kaapstad woon. Op die oog af lyk almal baie gelukkig, maar agter toe deure klop al drie paartjies by &rsquo;n aanlyn huweliksberader aan. Netwerk24TV Blitsbrein Junior VIA se gewilde vasvraprogram Blitsbrein trek vanjaar &rsquo;n jonger baadjie aan en dit is die keer

No halfway break

...rryingly, the US is showing a renewed spike in confirmed infection rates, particularly in the south. The market is betting that this will not lead to renewed harsh lockdowns. This makes sense, since the purpose of the lockdowns in each country was to prevent health systems from being overwhelmed. Areas affected later by the pandemic theoretically had more time to prepare. There is also very little appetite among the broader population for a return to strict lockdowns. People are starting to learn to live with the reality of the coronavirus. Six months ago, it didn&rsquo;t even have a name, and the shock of its sudden spread was great. Now it&rsquo;s a fact of life. We also know more about the virus than we did even three months ago. The evidence suggests that mask-wearing and avoiding prolonged exposure to crowded and poorly ventilated indoor spaces can make a big difference. This does mean that some sectors of the economy face a long uphill road to recovery - nightclubs,sports stadiums and some restaurants are likely to remain closed, while international travel is bound to remain restricted. This in turn means that some regions and countries - primarily those more dependent on tourism - will be slower to recover. Central bank support However, none of this is certain. What is much more certain is that the major central banks will not allow another major dislocation on markets while the economy is still so extremely fragile. This does not mean that equity values will necessarily go higher, nor does it mean that there cannot be a correction after an incredibly strong run in the second quarter. It just means that a repeat of March&rsquo;s market madness is unlikely, irrespective of the course the pandemic takes. It is also worth noting that the Federal Reserve in particular has only deployed a fraction of the funds it earmarked for each of the nine facilities it created to combat the US recession. The mere promise that it was acting has been enough to boost the equity market. F

Hong Kong court denies bail to first person charged under new law - Breaking news, special reports, world, business, sport c

Hong Kong court denies bail to first person charged under new law 6 July 2020, 6:10 PM | Reuters | @SABCNews Image: Reuters Supporters of Tong Ying-kit, the first person charged under the new national security law, greet a prison van outside West Kowloon Magistrates' Courts in Hong Kong, China July 6, 2020. A Hong Kong court denied bail on Monday to the first person charged with inciting separatism and terrorism under the city's new national security law after he carried a sign saying "Liberate Hong Kong and drove his motorbike into police. Tong Ying-kit, 23, was arrested after a video posted online showed him knocking over several officers at a demonstration last Wednesday, less than 24 hours after Beijing imposed sweeping national security legislation on its freest city. The city's government has said the protest slogan "Liberate Hong Kong, revolution of our times, connotes separatism or subversion under the new law, stoking concern over freedom of expression in the former British colony. Tong, who was unable to appear in court on Friday as he was being treated in hospital for injuries sustained in the incident, appeared in court in a wheelchair. In rejecting bail, Chief Magistrate So Wai-tak referred to Article 42 of the new law, which states that bail will not be granted if the judge has sufficient grounds to believe the defendant will continue to endanger national security. The case was adjourned until October 6 and Tong was remanded in custody. Critics say the law - which punishes crimes of secession, subversion, terrorism and collusion with foreign forces with up to life in prison - is aimed at crushing dissent and a long-running campaign for greater democracy. Authorities in Beijing and Hong Kong have repeatedly said it is aimed at a few "troublemakers and will not affect the rights and freedoms that underpin the city's role as a financial hub. Also on Monday, prominent democracy activist Joshua Wong pleaded not guilty to inciting others to participate in an unlawful assembly durin

News Archives - Page 1187 of 1188 - Cape Business News

Cape Business News Services January 5, 2015 In response to the pressing need to accelerate economic growth and job creation, the provincial government of the Western Cape has joined forces with Deloitte to launch a new initiative, the... Manufacturing September 7, 2013 Increasing electricity and fuel prices coupled with a growing demand for green business practices have steered many companies towards alternative energy sources. In an age where the environment and its sustainability...

Northern Cape businesses not happy as Eskom plans to cut electricity supply - Breaking news, special reports, world, busines

Northern Cape businesses not happy as Eskom plans to cut electricity supply 6 July 2020, 6:14 PM | Puleng Modupe | @SABCNews Image: Reuters Some municipalities in Northern Cape have failed to honour their payment agreements with Eskom. Five municipalities in the Northern Cape will have their electricity supply interrupted. Eskom says despite repeated attempts, Tsantsabane, Magareng, Kamiesberg, Richtersveld, and Khai Ma municipalities have failed to reach a resolution on payment. Eskom says power supply to these municipalities will be interrupted from Wednesday. Eskom says the five municipalities owe more than R200 million. Unlike other municipalities in the province, they have failed to honour their payment arrangements. Eskom says it will go ahead with the power cuts this Wednesday. Electricity will be cut off at 6 in the morning until 8 at night for seven days a week. "We have been engaging with them and all attempts have failed to recover the monies from these municipalities. Power will be cut off from six in the morning until 8 in the evening. Residents who may have any questions about the lack of electricity in their areas are advised to contact their municipalities and their municipal councilors. Eskom has done everything it can to get them to meet their obligations which they have failed, says Eskom Spokesperson, Sikonathi Manthsantsha. Government to meet with Eskom The Department of Cooperative Governance says it will meet with Eskom to discuss the inability of municipalities to honour payment arrangements made for their escalating electricity debts. The department says the total debt of all municipalities in the province is more than R1 billion. "The Eskom debt in the province stands at just over a billion rand with the highest three contributors being Kei Garieb, Siyacuma, and Gamagara local municipalities. There are many municipalities being affected by the interruption of bulk electricity supply. The department will be meeting with the premier&rsquo;s office and Eskom on W

OUTCOME OF MATTERS CONSIDERED BY THE TRIBUNAL ON 6 JULY 2020

...prichem is entering into the agreement "in order to avoid protracted litigation and nothing in the agreement should be construed as an admission of liability Background On or around 30 March 2020, the Commission received a complaint against Caprichem. The complainant alleged that Caprichem had increased its price for 5 litres of hand sanitiser from R262 to R527 inclusive of VAT during the national state of disaster and lockdown and subsequent to the publication of the Regulations. The Commission says its investigation found, among others, that: Around 16 March 2020, Caprichem increased its prices for 5-litre hand sanitisers from R262 to R527 (including VAT). This increase amounts to a 101.15% increase; Caprichem prior to the state of national disaster (i.e. before 15 March 2020), sold the 5-litre hand sanitisers at a gross profit margin of 31.4% and a net profit margin of 2.2%; After it increased its prices shortly after the declaration of the state of national disaster (i.e. after 15 March 2020), Caprichem sold its 5-litre hand sanitisers at a gross profit margin of 60.1% and a net profit margin of 44.4%; and The increase constitutes a 91% increase in gross profit margin and a 1918% increase in net profit margin. The Commission concluded that Caprichem&rsquo;s conduct amounts to a contravention of the Act read with regulation 4 of the Regulations. Western Cape hardware company agrees to donate to Solidarity Fund after Commission accuses it of excessively pricing face masks A Western Cape hardware company has agreed to donate R6 074.63 to the Solidarity Fund after the Commission found that it had charged its customers excessive prices for face masks during March 2020. This forms part of the terms of a consent agreement between the Commission and West Coast Hardware (Pty) Ltd. The company trades as Brights Hardware Store which is a group of hardware stores in eight towns in the province. Although West Coast Hardware does not admit that its conduct contravened section 8(1)(a) of the A

TONGAAT HULETT LIMITED - Further announcement regarding the proposed disposal of the starch business and further cautionary

Further announcement regarding the proposed disposal of the starch business and further cautionary announcement Shareholders ("Tongaat Shareholders) are referred to the: - firm intention announcement released by Tongaat on 28 February 2020 wherein the Company advised Tongaat Shareholders that it had entered into an agreement to dispose of its starch business as a going concern to KLL Group Proprietary Limited. ("KLL Group), a wholly-owned subsidiary of Barloworld Limited ("Disposal); and - subsequent announcements of 15 and 30 April, 7 and 12 May and 4 and 5 June 2020. Fulfilment of suspensive condition relating to Competition Tribunal approval Shareholders are advised that South African Competition Tribunal has approved the Disposal without conditions. The Disposal has already been approved without conditions by The Common market for Eastern and Southern Africa competition authorities. The Disposal remains subject to the fulfilment of certain other conditions precedent, including, inter alia, lender consents and approval of the competition authorities in Indonesia. Suspensive condition relating to alleged material adverse change ("MAC) THL Shareholders are referred to the announcements dated 12 May 2020 and 4 June 2020 regarding the notification from KLL Group advising the Company that KLL Group had formed a view that a MAC has occurred. THL remains firmly of the view that a MAC has not occurred. The matter is being referred to an independent third party for determination. The Company remains fully committed to the fulfilment of the suspensive conditions and the implementation of the Disposal. Having regard to the MAC dispute referred to in this announcement, shareholders are advised to continue to exercise caution when dealing in the Company&rsquo;s securities. Responsibility statement The board of directors of the Company, individually and collectively, accepts full responsibility for the accuracy of the information contained in this announcement. In addition, the board of directors

Man en seuns glo vergiftig

Man en seuns glo vergiftig Anja van der Merwe (Argieffoto: ER24) ? Man en twee jong seuns is ernstig siek in die Albert Luthuli-hospitaal in Durban n&aacute; hulle Maandagoggend glo by ? huis in Inwabi in die Cele-gebied, KwaZulu-Natal, vergiftig is. Russel Meiring, woordvoerder van ER24, s&ecirc; paramedici van onderskeidelik ER24 en die Life Healthcare-groep is die oggend omstreeks 11:20 na die huis ontbied. Met paramedici se aankoms was daar reeds plaaslike owerhede op die toneel. Hulle kon toegang tot die huis verkry en paramedici dus inlaat. Paramedici het die man en seuns, onderskeidelik vier en agt jaar oud, in die huis aangetref. Hulle het op die vloer gel&ecirc; en op die oog af lewensloos voorgekom. Meiring s&ecirc; paramedici het die man en seuns na die ambulans geneem en begin behandel. Al drie was in ? kritieke toestand. Die drie is per milit&ecirc;re mediese helikopter na die Albert Luthuli-hospitaal in Durban geneem vir verdere mediese behandeling. Meiring s&ecirc; inligting rakende die voorval is nog nie bekend nie. Polisie was op die toneel om ondersoek in te stel. ER24 ondersteun maroela media s&oacute; Sonder Maroela Media sou jy nie geweet het nie. Help om jou gebalanseerde en betroubare nuusbron se toekoms te verseker. Maak nou ? vrywillige bydrae. Onthou - ons nuus bly gratis.

Gauteng: Woman injured after tree falls on car

Gauteng: Woman injured after tree falls on car 06 July 2020 | From Arrive Alive Gauteng: At 06H09 Monday morning Netcare 911 responded to reports of a collision on Brooklyn Road in Menlo Park Pretoria. Reports from the scene indicate that a tree had fallen into the road landing on a car. The patient, an adult female who was also the only occupant in the vehicle sustained minor injuries when a branch pierced through the windscreen. The patient was treated on scene and once stabilised were transported by private ambulance to hospital for further treatment. Emer-G-Med responded to a vehicle that was on fire on the R21... 06 Jul 2020 | From Arrive Alive Emer-G-Med responded to a vehicle that was on fire on the R21 direction South after Nelmapius Drive. The fire department was activated. Fortunately no injuries on scene. Local authorities were on scene for further investigations. Emer-G-Med responded to a vehicle that was on fire on the Three hospitalised following an alleged poisoning at a residence in Cele... 06 Jul 2020 | From Arrive Alive A man and two boys have been hospitalised following an alleged poisoning at a residence in Inwabi in the Cele area, KwaZulu Natal. ER24 paramedics, along with the Life Healthcare paramedics, arrived on the scene at approximately 11h20 to find the local authorities already in attendance. On closer KZN: One critical after falling off the back of a bakkie on the R102... 06 Jul 2020 | From Arrive Alive KwaZulu-Natal: At 09H44 Monday morning Netcare 911 received a call for advanced life support assistance on the R102 Eastbound near King Shaka International Airport. Reports from the scene indicate that a 34-year-old male had fallen off the back of a bakkie allegedly while trying to grab his cellphone. The Taxi rollover leaves multiple injured in Houghton... 06 Jul 2020 | From Arrive Alive Emer-G-Medresponded to reports of a Taxi rollover in Houghton. On arrival, multiple patients wear treated and transported to the hospital with mild to moderate injuries. Local

Nurses in Zimbabwe arrested as they protest over pay - Breaking news, special reports, world, business, sport coverage of al

Nurses in Zimbabwe arrested as they protest over pay 6 July 2020, 5:52 PM | Reuters | @SABCNews Image: Reuters Health workers carry placards as they protest against economic hardship and poor working conditions during the coronavirus disease (COVID19) outbreak in Harare, Zimbabwe July 6, 2020. Police in Zimbabwe arrested 12 nurses protesting outside state hospitals on Monday demanding to be paid in US dollars as inflation running at nearly 800% was eroding their salaries, the country's nurses union said. An economic crisis under President Emmerson Mnangagwa has revived memories of the hardships of more than a decade ago when hyperinflation wiped out savings and pensions and forced the country to dump its currency in favour of the US dollar. The demonstrations, including at Zimbabwe's biggest hospital in the capital Harare, come at a time COVID-19 cases are rising in the southern African nation, which has recorded 716 infections and eight deaths so far. Nurses holding placards reading "No US dollar no work and "#Nurses can't breath said they had to protest because they cannot survive on a monthly salary of 3 000 Zimbabwe dollars ($47). "The situation is bad and our cause is justified, Pretty Gudza, a mother of four told Reuters during the protest in Harare. "I cannot work for nothing, I have to eat and I have to be mentally healthy so that I can assist the sick. Nurses also gathered in Bulawayo, Zimbabwe's second-biggest city, to demand better pay, said Enock Dongo, president of the Zimbabwe Nurses Union. He said 12 demonstrators had been arrested in Harare, where a Reuters witness saw police detaining nurses. Police national spokesman Paul Nyathi said he was unaware of the arrests and would investigate. Mnangagwa's government announced a 50% salary hike for state employees last month and a $75 allowance for three months but workers said the increase was not reflected in their June pay. Zimbabwe reintroduced its local currency last year after a decade of official use of the US dollar but th

Nigerian entrepreneur discusses the ups and downs of the waste recycling business

Nigerian entrepreneur discusses the ups and downs of the waste recycling business Click to print (Opens in new window) Chime Okwuokenye Recyclan is a waste recycling company with operations in Nigeria , Ghana , Cameroon , Togo , Benin and Uganda. It buys locally recovered waste, which is then crushed and exported to international markets, where it is sold to packaging companies. Recyclan was started in 2018. Co-founder Chime Okwuokenye (27) answers our questions. 1. Give us your elevator pitch Recyclan is a pan-African plastic recycling company. Our mission is to resell 100% of plastic waste, add value to it, meet the increasing demand for recycled and sustainable plastic, and earn a profit while doing so. We want to make the world more habitable and provide better livelihoods in the informal sector. 2. How did you finance your startup? So far we have been financed by personal funds, family and friends. 3. If you were given $1 million to invest in your company now, where would it go? Some 70% of it would go into working capital to enable us to recover more waste through our supply chain. The remaining 30% would go towards capital expenditure to buy more equipment - such as baling machines and crushers - to increase our production capacity. 4. What risks does your business face? We are exposed to the general risk of doing business in Africa, such as inconsistent policies that change all the time. In terms of regulatory risks, the waste management regulations are different in each country and municipality. Compressed waste ready for crushing. What we do is also new so you have to educate members of the value chain that it&rsquo;s for their benefit. In addition, we face financial risk, which basically means running out of money. I will give you a scenario of something that happened. We bought a lot of goods but as we were ready to ship, the vessels cancelled. That affected our cash flow and put us in a position where we almost had to shut down production. There are often situations where

Case Study: Tubing technology pumps polymers for dewatering efficiency - Cape Business News

Cape Business News Case Study: Tubing technology pumps polymers for dewatering efficiency July 6, 2020 1 When pumping polymers, Watson-Marlow Fluid Technology Group&rsquo;s Qdos ReNu 20 PU pump outlasts other pumps by years. A new pump system solves corrosion and viscosity problems from polyacrylamide use. By: Rob Martindale, Watson-Marlow Fluid Technology Group As part of the Little Traverse Bay Environmental Project in northern Michigan, environmental consulting firm Pescador LLC treats groundwater using a niche polymer. When their diaphragm metering pumps proved ineffective in handling this chemical, they worked with Watson-Marlow Fluid Technology Group to install a new low maintenance, high-accuracy pumping solution. Polymer Use in Dewatering: Viscosity and Corrosion Polyacrylamide (PAM) acts as a flocculant. As one of the steps utilized in Pescador&rsquo;s process, this anionic polymer attracts huge numbers of the miniscule organic material, pin-flocs that float in the solution to concentrate them as a larger floc. Once gathered in this way, dissolved air floatation (DAF) can push the debris to the surface so it can be skimmed off. However, PAM and other polymers challenge traditional off-the-shelf pumping systems. Using a diaphragm metering pump, equipment failure plagued Pescador with downtime and high costs. "We had constant maintenance challenges, recounts Pescador Plant Manager Ryan Wcisel. "They were always clogging up; the dosing wasn&rsquo;t very accurate-it was a struggle to keep the equipment running optimally. The chemical attacks standard santoprene tubing, and with highly viscous polymers such as at this site, rapidly wrecks pumps that are not specifically designed for such a task. In search of a lower maintenance solution, Pescador contacted Watson-Marlow Fluid Technology Group. Generally, when the customer encounters a problem because they are pumping a niche chemical, or needs more control, that is when they contact Watson-Marlow. Our experts suggested a ne

VUKILE PROPERTY FUND LIMITED - Dealings in securities by directors and by the company secretary of the company - SENS

Dealings in securities by directors and by the company secretary of the company VUKILE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/027194/06) JSE share code: VKE NSX share code: VKN ISIN: ZAE000180865 (Granted REIT status with the JSE) ("Vukile or "the company) DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by directors and the company secretary of Vukile, pursuant to the vesting of shares under Vukile&rsquo;s Conditional Share Plan (the "CSP), and in order to settle the tax liability due in respect of the shares vested under the CSP: Name of director: LG Rapp Date of transaction: 30 June 2020 Class of securities: Ordinary shares Number of securities: 430 567 Price per security: R7.20 Total value of transaction: R3 100 082 Vesting date: 30 June 2020 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director&rsquo;s interest: Direct beneficial Clearance to deal received: Vesting of shares occurs automatically in terms of the CSP and no clearance is sought or received Name of director: IU Mothibeli Date of transaction: 30 June 2020 Class of securities: Ordinary shares Number of securities: 68 310 Price per security: R7.20 Total value of transaction: R491 832.00 Vesting date: 30 June 2020 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director&rsquo;s interest: Direct beneficial Clearance to deal received: Vesting of shares occurs automatically in terms of the CSP and no clearance is sought or received Name of director: GS Moseneke Date of transaction: 30 June 2020 Class of securities: Ordinary shares Number of securities: 118 840 Price per security: R7.20 Total value of transaction: R 855 648 Vesting date: 30 June 2020 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director&rsquo;s interest: