South Africa’s ‘listings boom’

first_img25 October 2007The number of companies seeking to list publicly on South Africa’s stock exchanges increased from two to 17 in the third quarter of 2007 as compared to the same period last year, in what professional services firm Ernst & Young has described as a “listings boom”.This rise in local initial public offerings (IPO) is in sharp contract to the global picture, where listings declined by 22% in the third quarter as compared with the second quarter of 2007, mainly as a result of the sub-prime crisis fallout in the United States.“South Africa saw 17 IPOs, with R1.6-billion of capital raised during the third quarter of 2007,” said Ernst & Young Transaction Advisory Services associate director Stef Greeff.“This represents a significant increase when compared to the six IPOs of the previous quarter (with R1.0-billion raised) and the two IPOs in the third quarter of 2006 (R50-million raised) and also confirms that South Africa is indeed experiencing a ‘listings boom’.”Thirteen of the IPOs during the third quarter of 2007 were on the JSE’s alternative exchange board, the AltX, taking its number of listings to more than 60 since inception.According to its website, the AltX is designed to appeal to a diverse range of companies, including young and fast-growing businesses including start-ups, family-owned businesses, black economic empowerment companies and junior mining companies.South Africa’s massive infrastructure development programme and 2010 Fifa World Cup preparations are also having a positive effect on listings, with Ernst & Young pointing out that 10 of the IPOs during the third quarter were construction or related companies, with the firm itself advising three construction-related companies on their listings.Ernst & Young states that US$57-billion was raised in 428 IPOs globally in the third quarter, a decline of 36% when compared to the previous quarter, but 27% higher than the same quarter in 2008.Brazil, Russia, India and China together raised $27-billion in a record 118 IPOs and accounted for seven of the 10 largest IPOs in the third quarter.Overall, China, Brazil and the US led activity by capital raised, and made up 56% of the global total with $14.4-billion, $9.3-billion and $8.3-billion respectively. China also led number of IPOs with 77, surpassing last quarter’s leader Australia (50) and the US (36).As per the second quarter of 2007, financials was the dominant industry sector, with a quarter of all capital raised by financial companies, followed by energy and power (14%), industrials (14%) and materials (12%). By number of listings, materials companies still led the way with a 20% market share of IPOs ahead of industrials (16%), and high technology (14%).“The global IPO markets still remain strong despite a drop in activity,” said Ernst & Young IPO Initiatives global director Gil Forer.“The record number of IPOs in the emerging markets shows that international investors continue looking for high return opportunities, as emerging markets are driving global economic growth. Thirteen of the Top 20 IPOs were from emerging markets, and interestingly only two of those chose not to list on domestic exchanges.”SAinfo reporter Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

Clipper Consolidates Bulk Segment

first_imgzoom Copenhagen-based shipping company Clipper Group revealed plans to consolidate its bulk activities into three hubs.“Clipper will simplify its operational and administrative set-up in its strongest field of business, bulk… We will concentrate our bulk business in three locations: Copenhagen, Houston and Hong Kong,” the company said in a statement.Consequently, Clipper will close its offices in Stamford, Sao Paulo, Rio de Janeiro, Singapore and Beijing.As explained, the company’s offices in Barranquilla, Tokyo and Nassau will remain unchanged.“Fewer but larger hubs will allow us to service our customers and to operate our fleet more efficiently,” according to Clipper.“Within the last year, Clipper has grown its operated bulk fleet from 100 to 150 vessels. We want to make communication more effective and our response time to market changes shorter,” Peter Norborg, Clipper Group CEO, commented.Clipper Group operates a fleet of around 150 Handysize and Supramax vessels. In addition to bulk, the company has complementary businesses in the RoRo and ferry segments.last_img read more

Memorial for former BC premier Dave Barrett draws tributes for underdog champion

first_imgVICTORIA – Former British Columbia premier Dave Barrett was hailed as a political trail blazer whose passion, care and charisma captured the heart and soul of the province during a state memorial service Saturday that at times took on the tone of grassroots political gathering more than a grieving ceremony.Barrett, B.C.’s first elected New Democrat premier, died last month in Victoria after a long battle with Alzheimer’s disease. He was 87.Premier John Horgan said he joined the NDP after hearing Barrett speak to a crowd of 30,000 people at an anti-government protest rally in 1983 in Victoria during the height of B.C.’s solidarity protests against restraint programs.“The meaning of social justice, of compassion, of caring for all British Columbians, not just a select few but everybody, that’s what Dave Barrett was about,” said Horgan. “It was in the morning, in the afternoon and before he went to bed.”He said he will always remember Barrett’s speeches. They started slowly, but within minutes his shirtsleeves were rolled up and his foot was up on a chair and he was loudly proclaiming the best way to help people, especially those considered underdogs.“Dave had an ability to capture your heart, mind and soul,” said Horgan, who described Barrett as the most captivating political orator he has ever seen and will likely ever see again. “Dave had a knack.”Horgan said Barrett would be pleased with the crowd of 1,000 people who attended his memorial service, but he would have liked to be there “to pass the hat around for (donations for) the next campaign.”The NDP swept to power in the province for the first time in 1972 under Barrett’s leadership and passed a record 357 bills that led to enduring reforms including public auto insurance and the Agricultural Land Reserve.Welfare reforms, a provincewide ambulance service and affordable prescription drugs through the Pharmacare program are also legacies of Barrett’s political accomplishments during his time in office, which lasted for three years.Barrett’s New Democrats made history by defeating the five-term Social Credit government of W.A.C. Bennett, marking the end of that party’s dominance in B.C. politics.The former social worker from Vancouver was fondly remembered for his wise-cracking personality. But others paid tribute to his political accomplishments.“Dave touched the hearts of men and women across B.C.,” said Lt.-Gov. Judith Guichon. “His vision indeed far exceeded that of so many Canadians. He made hard decisions.”Barrett’s former labour minister Bill King said the NDP government was accused of crippling the economy for raising the minimum wage by 50 cents an hour, but the cheers of hotel and restaurant workers drowned out the complaints of the “captains of industry.”“Dave was very passionate about trying to elevate the standard of living for pensioners, retired people, people at the lower end of the economic ladder,” he said.“Barrett was passionate, hilarious and at times impetuous. He was really a fireball. It’s really a great honour to have the opportunity to say goodbye to an illustrious premier, a great friend and a colleague for many years.”Horgan has called Barrett’s accomplishments during his short time at the helm extraordinary and remembers Barrett bringing his “B.C. swagger” to Ottawa when he was elected to the federal NDP in the late 1980s.Horgan said B.C.’s no-holds-barred politics were steeped in Barrett’s political rivalry with W.A.C. Bennett and then with Bill Bennett, the son of the man he’d dethroned in the 1972 election.However, Barrett lost to the younger Bennett in 1975, 1979 and 1983.Barrett’s three children spoke at the memorial. His wife, Shirley, sat on stage with her family members and other dignitaries, but did not speak.Barrett’s son, Joe, said his father was able to stay connected with his family in his final years, but it was difficult.“The last few years, even though Dad wasn’t able to respond in words, we knew he was there in gestures, in smiles, in the way he looked at us,” he said.Horgan, along with former New Democrat premiers Glen Clark and Dan Miller, and another 500 NDP members, will gather in Vancouver Sunday to celebrate Barrett’s life.Note to readers: This is a corrected story. A previous version misidentified Barrett’s son.last_img read more

New Chief Justice Sworn In

first_img Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, Sept. 22,2014 – A New Chief Justice will be sworn in at the Provo Supreme Court at MRHC; Hon Chief Justice Margaret Ramsey-Hale succeeds Edwin Goldsborough, who resigned last year after being Chief Justice in the islands since 2011. Related Items:chief justice, edwin goldsborough, margaret ramsey-hale Beckingham responds in 12-storey development verdict No PNP Elections dashes Chairmanship Hope for Mike Misick Facebook Twitter Google+LinkedInPinterestWhatsApp Constitutional Case to be launched by Mike Misick at Supreme Courtlast_img read more

San Diego Superior Court officials open decadesold time capsule

first_imgSan Diego Superior Court officials open decades-old time capsule Categories: Local San Diego News FacebookTwitter 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsThe San Diego Superior Court took a look back at life in San Diego 56 years ago. Superior Court officials opened a long-sealed time capsule from December 1961.The metal container was placed in the cornerstone of the now-vacated county courthouse untouched until now.Inside the capsule were court documents and newspapers announcing John Glenn’s trip to the moon.There were also congratulatory letters from past presidents to the new courthouse.The contents of the time capsule will be added to the San Diego History Center’s collections over at Balboa Park KUSI Newsroom May 18, 2018 KUSI Newsroom, Posted: May 18, 2018last_img read more

I have learned hard work patience and perseverance bring you a long

first_imgJacqueline FernandezPR HandoutOne of the most influential celebrities of the Bollywood industry, Jacqueline Fernandez talks about the hard work that goes behind being a social influencer, her journey so far in her Bollywood career and lots more! The fitness enthusiast of the industry shared with her fans, the responsibilities that come along with this title.Talking about her journey in the Hindi film industry Jacqueline shares, “It has been such a life lesson and a blessing. I’m humbled. Going back to yesteryear to my early beginnings and where I am today, I’m so grateful to all the people involved in this journey of mine. Even though I’ve been a part of the film industry for a decade, I’ve never actually studied acting and it wasn’t something I could learn in a classroom. It has been quite a ride so far and has definitely shaped me into a stronger person. I’ve learned that hard work, patience and perseverance bring you a long way.”When you try different things, not all will turn out as expected and at that very moment, one should not give up. Jacqueline shares her mantra as she says, “I’d like to quote Winston Churchill: Success is not final, failure is not fatal: it is the courage to continue that counts. I think one should sing, dance, laugh and never ever give up on that!”Digital space has no boundaries and at times, the people behind the screen pour love but are also, harsh enough to even criticize being faceless trolls on social media. Being a public figure, one is always more prone to reactions from the people which can be both good and bad where handling the trolls and criticism in a healthy way is a task and Jacquline has learned her own way through it as she shares, “Social media trolls are best to handle with a sense of humour and Film Critics, with an open mind to constructive criticism. I would rather not take up the daunting task of dealing with the allegations, controversies and offending anyone. I don’t take trolls or the people creating memes, seriously. Things can get misconstrued over social media. Certain things that we say or talk about are sensitive and we need to be very cautious.”To capture it all, the ‘positive growth influencer of the industry’, Jacqueline feels that there is a lot to do and it’s not easy to be a social influencer in this world. Her responsibilities are double and she has to contribute a lot to maintain a balance between everything as rightly it’s said, with great power comes great responsibility.The hardworking and dedicated actress has won her fans for being extremely committed towards her career and with her consistent success is known to be the “Jacq of Hearts”, by her fans as well as the industry peers, alike.Touted to be most influential and bankable, the actress is now venturing into the digital space with her most anticipated upcoming OTT, “Mrs Serial Killer” which will mark her debut on the digital platform. She is prepping a lot for her role and is giving her best to impress her fans. Thus, being her first OTT step, the fans have gone gaga over this and can’t wait to witness her in this new avatar.Owing to immense popularity amongst the masses and having several brand endorsements to her credit, Jacqueline Fernandez has emerged as one of the most influential actresses in addition to being the commercial front runner.The actress would be seen in her upcoming movie, Kick 2 and the actress will be sharing the screen space with Salman Khan once again. Directed as well as produced by Sajid Nadiadwala, Kick 2 will release on Christmas 2019.last_img read more

Sylhets rail link with Dhaka Ctg cut off

first_imgMoulvibazarTrain communication of Sylhet with Dhaka and Chittagong remained suspended following the derailment of an intercity train in Kulara upazila in Moulvibazar on Thursday morning, reports UNB.Nurul Islam, TI of Kulaura railway station, said one of the compartments of the Sylhet-bound Jalalabad Express from Chittagong veered off the tracks around 9:45 am, halting the train communication on Sylhet-Dhaka and Sylhet-Chittagong routes.On information, a salvage train from Akhaura junction is on way to the spot to rescue the derailed compartment.last_img read more

3 DU teachers 21students get Deans Award

first_imgA  total of 21 students of various departments under the Faculty of Earth and Environmental Sciences of Dhaka University (DU) have been awarded ‘Dean’s Award’ for their outstanding academic results in BS (Hons) examinations of 2015, 2016 and 2017.Besides, 3 teachers of the Faculty of Earth and Environmental Sciences have received Dean’s Award for research works.DU vice-chancellor Akhtaruzzaman handed over the awards to the awardees as the chief guest at a function held at Nabab Nawab Ali Chowdhury Senate Bhaban of the university on Thursday .Dean of the Faculty of Earth and Environmental Sciences ASM Maksud Kamal presided over the function while pro-vice chancellor (Administration) Muhammad Samad and treasurer professor Kamal Uddin addressed it as special guests.The teachers who received the award are professor Kazi MatinUddin Ahmed (Geology), professor Kawser Ahmed (Oceanography) and lecturer Yousuf Gazi (Geology).The students who received the awards are- Zannatul Ferdous, Naznin Bintey Hayder, NishatTasnim Kakon and Dola Dutta (Geography and Environment), Mahmud Al Noor Tushar, AfrozaParvin, Tamanna Meheran Shemu, SumiyaSadeak, Sharaf Anika Hoque, Farjana Zareen Maria, FatematuzZohora Nishi and Md. Tariqul Islam (Geology), Nazma Ahmed, Shamima Ferdousi Sifa, Ariful Islam, Tanzim Hayat, Nawar Wadud Khan, Falguni Sarkar, Tanzeem Hossain, SumaiyaTabassum and Ayesha Islam (Disaster Science and Management). read more

HSC exams of 4 May rescheduled

first_imgHSCThe Higher Secondary Certificate (HSC) exams of 4 May have been deferred to 14 May due to cyclonic storm Fani.Dhaka Secondary and Higher Secondary Education Board chairman Ziaul Haque confirmed this to Prothom Alo.He said the examinations of 4 May will be held on 14 May.last_img

Tom Joyner Foundation Launches Exciting New Podcast

first_imgThe Tom Joyner Foundation today announced the launch of HBCUbiquity, a new hour-long podcast featuring interviews, discussion and analysis about historically black colleges and university, hosted by Thomas Joyner, Jr., president and CEO of the 22-year-old Foundation.The podcast, available weekly on the reVolver Podcast Network and downloadable on all platforms (e.g. iTunes, GooglePlay, Spotify) and on its website, HBCUbiquityPodcast.com will engage a wide range of guests, including presidents of HBCUs, faculty, alumni, students, parents and other supporters. “The Foundation has actively hosted panels and discussions over the years on the Fantastic Voyage and at the Tom Joyner Family Reunion,” Joyner Jr. said. “This podcast is our chance to have a year-round conversation about our HBCUs. We want to go beyond the typical rhetoric, and have meaningful conversations.”HBCUbiquity, produced by the Tom Joyner Foundation, is a weekly podcast that offers in-depth, honest and straightforward conversations with administrators, faculty, students, celebrities and experts about the future of HBCUs, fundraising, accreditation, student recruitment and enrollment as well as the accomplishments of faculty who are doing interesting research, student scholars about their current accomplishments and alumni who are making a difference in their communities, and topical trends and issues related to the African-American community. The inaugural show features an insightful overview of the foundation’s history, its programs and how HBCUbiquity represents the dawn of a new era for the nonprofit. In future shows, Joyner will get in-depth on the current and future of the CIAA, including interviews with Jacqie McWilliams, the CIAA commissioner, and a special conversation with Dr. Anthony Davis, special consultant to Livingstone College. You won’t want to miss the episode on Bennett College’s fight for survival, featuring a rare interview with its interim college president, Dr. Phyllis Worthy Dawkins who will share some of her strategies on navigating the institution through this difficult period. On that same episode, longtime Talladega College President Dr. Billy C. Hawkins discusses his experiences and successes in getting an HBCU’s accreditation restored.You can follow the show on social media: Twitter, Instagram, and Facebook.For more information about becoming a guest or sponsor on the podcast, please contact Neil Foote, media relations, Tom Joyner Foundation, neil.foote@tomjoynerfoundation.org, 214.448.3765.last_img read more