MultiChoice debuts on Johannesburg Stock Exchange with 95.50 rand opening

first_imgZimbabwe’s Weak Economy: Stock Exchange Starts To Feel The Heat Zimbabwe Stock Exchange electronic trading plans flop Weekly turnover on the Dar Stock Exchange drops 90%center_img Africa’s biggest pay-TV group MultiChoice debuted on the Johannesburg Stock Exchange on Wednesday with shares opening at 95.50 rand, giving the company a market capitalization of 42 billion rand ($3.03 billion).South African e-commerce giant Naspers decided to spin off MultiChoice after coming under pressure in recent years to find ways to narrow a valuation discount between its market value and that of its one-third stake in Chinese internet group Tencent.As of 0727 GMT, the stock was trading at 105.04 rand, adding to opening gains.Naspers did not raise any money from the listing with the 439 million shares instead being distributed to current Naspers shareholders on a one-for-one basis for its listed shares and one for five unlisted A class sharesFounded 30 years ago, MultiChoice reaches around 14 million households in 50 African countries, offering both paid-TV products and a fledgling streaming service called Showmax.The company has said there are more than 25 million households across the continent yet to be captured by its traditional pay-TV business.The spin-off leaves MultiChoice — whose strong cash flow helped Naspers evolve into one world’s biggest players in e-commerce – free to fend for itself in an increasingly competitive market where Netflix is already supplying viewers with TV content and Hollywood hits.“This is a momentous time for our business… This marks the next chapter in our development and growth,” said MultiChoice CEO Calvo Mawela.Relatedlast_img read more

£21,000 Of Heroin Seized Near Beattock

first_imgAddThis Sharing ButtonsShare to FacebookFacebookFacebookShare to TwitterTwitterTwitterShare to LinkedInLinkedInLinkedInHeroin with a street value of around £21,000 was seized following a vehicle stop by Police Scotland on the A74(M) road near to Beattock in Dumfries and Galloway yesterday. Around 12 noon the northbound Mercedes car was stopped and the drugs were discovered. A 35 year old man from Liverpool has been arrested and a report has been sent to the Procurator Fiscal.last_img

PetroCaribe contributing to Dominica’s development

first_img Share LocalNews PetroCaribe contributing to Dominica’s development by: – April 29, 2014 112 Views   no discussions Share Tweetcenter_img Share Sharing is caring! PetroCaribe, which has sixty-one LPG agents across the island, introduced new fibreglass bottles in 2013PetroCaribe, which operates under the parent company PDV Caribe Dominica, is a major contributor to the island’s development, its sales and marketing manager, Ian Pinard has said.Pinard highlighted several projects undertaken and some in progress which are funded through PetroCaribe and the Venezuela Government.Free LPG cooking gas for centenarians under the ‘Yes We Care’ program, housing, beach clean-up, fishermen’s fuel station, sea defence walls, construction of a primary school, a police station, metallic waste clean-up on two beaches and support of Carnival activities were listed among these projects.“So far we have two hundred and fifty persons under the social program of the LPG cooking gas who receive a free LPG from PetroCaribe every month”.That is significant, he noted, when the cost associated with the program; thirty dollars a bottle is calculated.Pinard added that PetroCaribe also helps to provide employment as there are sixty-one (61) LPG agents across the island who receives a commission from sales of the product.Forty petro casas have been constructed in Trafalgar, Grand Bay, Stockfarm and Portsmouth and ten now are being constructed in Castle Bruce“We have sixty-one LPG agents around Dominica and that too is a form of employment because when you’re selling the cooking gas for Petro Caribe you receive a commission on every bottle that you sell”.Pinard noted that PetroCaribe continues to do quite a bit in terms of the social programs around the community. Forty petro casas have been constructed in Trafalgar, Grand Bay, Stockfarm and Portsmouth and ten now are being constructed in Castle Bruce.“We’ve seen housing has become a major thing for PetroCaribe and we will continue to promote housing in every way that we can in Dominica”.Six fisherman’s fuel stations, which provide fishermen with easier access to fuel their vessels, have been constructed in Scotts Head, Marigot, San Sauveur, Portsmouth, Roseau and Fond St. Jean. “We have seen where the fishermen and the fishing cooperative are receiving a rebate of fifteen cents on every gallon or so”.Scotts Head filling station; five others have been constructed in Marigot, San Sauveur, Portsmouth, Roseau and Fond St. JeanPetroCaribe, he further stated, continues to do quite a bit in terms of the social advancement of Dominica through the construction of the Salybia Primary and the Grand Bay Police Station.“We see the metallic boat clean-up in Portsmouth and Jimmit and some of us will remember that Jimmit bay side was a metallic waste and now if you go there, there is totally cleaned-up because of PetroCaribe”.Moreover, PetroCaribe contributed sixty-thousand dollars to Carnival 2014, “one of the best and the most successful carnivals in Dominica’s history”.“We continue to do quite a bit; we’ve seen the construction of the abattoir in Layou under construction now and also the coffee plant in Chance, Portsmouth”.The funding for all of these projects came from PetroCaribe funds and contributions from the Venezuela Government, Pinard emphasized. “We continue to play a major role in the advancement of Dominica; we’ve seen the construction of the sea defense wall in Soufriere, Scotts Head and also Tan Tan and also the improvement of the airport”.“All these are under the PetroCaribe funds so PetroCaribe continues to play a major role in Dominica’s development,” he said.Dominica Vibes Newslast_img read more

Hummingbird Air to suspend operations next month

first_img Tweet 897 Views   10 comments Share Share Sharing is caring!center_img Share BusinessLocalNews Hummingbird Air to suspend operations next month by: Dominica Vibes News – March 16, 2017 Photo credit: Caribbean JournalHummingbird Air, which has been in operation from 2013, will suspend its Passenger, SHOPNET & Cargo/Parcel delivery services effective 1 April 2017.A notice of suspension of aviation service, dated 14 March 2017 and signed by Managing Director, Samuel Raphael, was emailed to customers on Thursday 16 March 2017.The notice indicates that Hummingbird Air is in the process of negotiating with a new management group to take over its operation. “We recognize that aviation options are limited and had hoped for a seamless management changeover, however due to a number of factors we have decided to suspend service at the end of this month,” the notice states.SHOPNET customers are advised to ensure that their final orders arrive at Hummingbird Air’s US Virgin Island office no later than 25 March 2017 to ensure delivery.“We would like to express our gratitude to all of the people that patronized us over the past three years. We apologize for the inconvenience and sincerely hope that the service can resume in the near future,” the notice concludes.last_img read more

Remcom, Recognized as Top 10 Most Promising Engineering Design Solutions Provider by CIO Review

first_imgRemcom has been recognized by CIO Review magazine as a Top 10 Most Promising Engineering Design Solution Provider for 2014. The annual listing recognizes companies that are at the forefront of tackling engineering design challenges with cutting-edge strategy and solutions. Remcom has provided electromagnetic simulation software for design engineers and EM professionals for 20 years.CIO Review explained that the increasing demand for superior quality and advanced technology in consumer products, along with growing intricacy of engineering projects, have created a need for tools that enable engineers to virtually see a design, analyze it, and make necessary corrections. Additionally, CAD and CAM programs are becoming more customizable in order to meet engineers’ specific needs and help organizations become more competitive. Remcom is one of those capable vendor to fulfil the needs of the engineering design sector through offering state-of-the-art CAD/CAM solutions that enable engineers to deliver projects which are stronger, better and more efficient. Remcom’s core strategy is to maintain close connections with customers to understand their needs, and to stay on the cutting edge of electromagnetic research and HPC [high performance computing] technology to provide the solutions that best meet those needs. Remcom links its new features and developments directly to its customer demand. Remcom’s profile on the CIO Review website contains full details and a summary of the company’s products, applications, clients, and strategy.  Complete information on this year’s “10 Most Promising Engineering Design Solution Providers” and additional company profiles can also be found on the CIO Review website.last_img read more

Last Serve of UWF’s Fall Tennis Campaign

first_imgLast Serve of UWF’s Fall Tennis Campaign Share With one tournament left to play, the University of West Florida men’s and women’s tennis teams are looking to end the fall, individual singles and doubles play, on a good note. The women are looking to make a comeback after not making it past the quarterfinals in singles and falling in the finals in doubles at the USTA/ITA South Regional tournament. For the men this last tournament will be an opportunity to keep improving their individual standings before spring team play arrives.Junior Andrey Pazhidaev from Sochi, Russia, entered the regional tournament, which was held in Valdosta, Ga., as the No. 8 seed in singles. Improving from last year, when he made it to the round of 16 at the 2009 Wilson/ITA regional, Pazhidaev was able to make it as far as the semifinal round, only to be defeated by No. 6 seed Emanuel Fraitzl of Barry. “The most important thing for me is to be ready for the spring season. Tournaments like the ITA Regionals help me to find my game.  I really need those matches to get more experience and more practice,” stated Pazhidaev.Radovan Chrz is the only player to win the ITA singles championships as an Argonaut competing on the NCAA Division II level. Chrz, a 4-time singles and doubles All-American who competed at UWF from 2001-2004, is also the only Argonaut to win the ITA “Super Bowl” Championship in singles. Barbara Oliviera was the only UWF women’s tennis player to make it to the third day of play in the USTA/ITA South Regional held at Florida Southern College in Lakeland, Fla., Sept. 23-26. Falling in the quarterfinals to the No.13 seed, Oliviera is looking to bounce back and win the entire UWF Fall Fling tournament.I will work harder because I won it (Fall Fling) last year. I know everyone who is playing in it now will have also improved and will be playing better,” said Oliviera. “I really want to win this title again, but it will be challenging because I am not in the best shape. I expect a great performance from myself and my teammates.”Head men’s and women’s coach Derrick Racine is looking to finish the fall strong, leading the Argonauts into a competitive Fall Fling tournament. “I think this years Fall Fling will be one of our best,” said Racine. So far I have commitments from several NCAA Division I schools, and I expect this to be one of the biggest and strongest fields we have ever had.” The UWF Fall Fling will be the second home match as well as the final match of the fall tennis season. Fall Fling is set to begin Oct. 22 continuing through Oct. 24. All games will be played at the Ralph “Skeeter” Carson Tennis Complex located on the UWF campus.Print Friendly Versioncenter_img Junior Andrey Pazhidaev last_img read more

Captain Harry Kane hits late winner as England qualify for World Cup

first_imgEngland captain Harry Kane scored a late winner as Gareth Southgate’s side beat Slovenia 1-0 at Wembley to qualify for the 2018 World Cup with a game to spare.England only needed two points from their final two matches – with a trip to Lithuania to come on Sunday – but took all three thanks to Kane’s 94th-minute intervention.The result means England have not lost in their last 20 World Cup qualifiers – a run that stretches back eight years – and they have topped their World Cup qualification group for the sixth time in succession.Southgate’s side, 13th in the FIFA rankings and 38 places above opponents Slovenia, dominated possession but struggled to create and ceded the first opportunity to the visitors, with Josip Ilicic’s penalty appeal turned down after contact was made by Joe Hart.The talented Slovenian forward then teed up Roman Bezjak, who miscued his finish on the volley as the away team threatened to cause the upset they required to keep their own World Cup hopes alive.Southgate’s side, 13th in the FIFA rankings and 38 places above opponents Slovenia, dominated possession but struggled to create and ceded the first opportunity to the visitors, with Josip Ilicic’s penalty appeal turned down after contact was made by Joe Hart.The talented Slovenian forward then teed up Roman Bezjak, who miscued his finish on the volley as the away team threatened to cause the upset they required to keep their own World Cup hopes alive.The close call energised a previously lethargic England and they went close again when a remarkable double block by Slovenia captain Bostjan Cesar denied Raheem Sterling.Kane then dragged an effort wide before smart goalkeeping by Hart prevented substitute Tim Matavz from putting the visitors ahead on the counter.And Tottenham forward Kane, auditioning for the captaincy on a regular basis, did his chances of keeping the armband no harm with a clinical low finish from Kyle Walker’s delivery in stoppage time to ensure England will be in Russia next year.Gareth Southgate: “We would have liked to have played more fluidly and scored more goals. We played a team that made it really difficult to create chances.“We are having to find a way of winning by being a bit more savvy because we are not flowing with the ball. But we do have goalscorers.”Srecko Katanec: “Congratulations to England, they maybe not deserved this victory but they scored a goal.“I wish them luck at the World Cup. My players deserve congratulations as well, they played a decent game and can be proud.”last_img read more

Lady Bears Fall to Twinsburg 57-43

first_img Vince McKee Related Topics On Wednesday, December 5th, the Girls Varsity Basketball Team traveled to take on Twinsburg High School. The Bears struggled in the 1st quarter with the Tigers pressure defense and fell behind 28 to 5. The Bears then battled and outscored the Tigers by 9 for the final 3 quarters.Unfortunately it was not enough and the Bears lost to the Tigers 57 to 43.Leading the way for the Bears with 14 points and four 3 pointers was Tiffanie Radwanski. Also scoring in double figures was Kaitlyn Bockelman with 11 points. Also scoring were Jaya Harris with 9 points, Lauren Bockeman with 4 points, Claire Casey with 3 points and Reagan Novey with 2 points.The Girls Varsity Basketball Team record is now at 1 win and 2 losses. Come cheer them on as they host Hudson High School on Saturday, December 8th at 2:30 PMlast_img read more