BHP Billiton pumps money into SA

first_img24 March 2006Anglo-Australian resources giant BHP Billiton has announced plans to invest R4.4-billion (around US$700-million) in expanding two coal mines in South Africa, Business Report said on Friday.Addressing the Coaltrans South Africa conference in Johannesburg on Thursday, Mohamed Seedat, president of the group’s energy coal division, announced a “very significant new investment … totalling several hundred million dollars” in its Douglas and Middelburg coal mines in Mpumalanga province.According to Business Report, the mines are joint ventures between Xstrata (16%) and BHP Billiton’s local subsidiary, Ingwe Coal.The project was still in the feasibility phase, Seedat said, but if given the green light, would help the company tap into growing global demand for the fossil fuel, and help South Africa to do “some catching up … on the export side.”Boosting coal export capacitySince 1995, SA’s coal exports had grown at a “very modest” 25%, Seedat said – while Indonesia’s had quadrupled, those of China and Colombia had tripled, and Russia’s had roughly doubled.While global energy consumption grew 4.3% in 2005 – in volume terms the largest ever annual increase in consumption – Seedat noted a resurgence in the popularity of coal-fired power stations, driven by concerns over oil supply security, the relative economics of coal as a fuel and advances in clean coal technology and combustion efficiency.“If the industry and governments can continue to work towards the effective implementation of clean coal technology, you could argue that the future never looked so bright for coal.”Seedat said that “significant capital investment in mines and infrastructure” was needed to take advantage of this growth, adding that the planned expansion of the Richards Bay coal terminal set the scene for “significant growth of the country’s already large position as a supplier of thermal coal into the international markets.”In December, the KwaZulu-Natal coal terminal announced plans to spend some R1-billion expanding its yearly export capacity to 92-million tons of coal by 2008, which would make it the biggest such facility in the reporter Want to use this story on your website? See Using material.last_img read more

More African stores for Woolworths

first_imgSouth African retailer Woolworths isplanning to expand its operations inAfrica during the current financial year. (Image: Mr Cape Town) MEDIA CONTACTS • Babongile Dlamini   Woolworths   +27 21 407 7700 or +27 82 782 3856 RELATED ARTICLES • Woolworths tests green refrigeration • SA store shows new way to farm • Launchpad to a billion consumers • Hotel groupexpandingglobal reach• Global retail award for Pick n PayEmily van RijswijckArguably one of South Africa’s favourite retail chains, with a reputation built on quality fresh produce and service excellence, Woolworths Holdings Limited is slowly increasing its foothold in other African countries and plans to open 16 new shops this financial year.The company already has 60 shops operating across the continent. The latest countries to benefit are Tanzania and Uganda, as Woolworths enters into a joint venture with prominent Tanzanian businessman and technology entrepreneur Ali Mufuruki.“I am delighted to be part of this joint venture with Woolworths, to grow this market and offer our customers the choice and quality Woolworths is famous for,” Mufuruki said in a press statement.He added that new stores would contribute to employment, always a priority on the continent, and help to grow the economy.Mufuruki will open one Woolworths shop in Uganda and two in Tanzania, adding to the four shops already open in these countries. The new shops will initially offer only clothing merchandise as the supply chain for fresh produce still remains a challenge in some parts of Africa.“We do provide a food offering in the countries which border South Africa. However, in West Africa and East Africa we have decided to enter the market with a clothing and general merchandise offering,” says Glenn Gilzean, Woolworths’ group director of retail operations.Gilzean says that in future the company plans to offer all products available in South Africa to the rest of its African stores.Customers in selected African countries can look forward to a larger selection of fashion and general merchandise, including beauty products, formal wear, and trendy casual wear for men, women and children.Woolworths’ exclusive Re: and Studio:W fashion brands will also be seen on shelves in these stores.Africa’s growing middle classWith successful operations in Africa for over a decade, Woolworths already has a strong foothold on the continent – one which they wish to extend. Stores are currently open in Botswana, Namibia, Lesotho, Swaziland, Ghana, Kenya, Tanzania, Uganda, Zambia and Mozambique.Plans are afoot to set up shop in Nigeria and Angola.“We see greater opportunity on the continent now because advancing economic growth in many African countries has given the consumer a greater spending power,” says Gilzean. “Other factors include the growing middle and upper income groups, and increasing investment in infrastructure.”The company has also changed the model for expansion from franchises to joint ventures as there is greater potential for profit.“Joint ventures with local partners are the new business model for our Pan African expansion plans,” says Gilzean. “It’s not only a better profit model for our business, but it’s also better for our customers.”Woolworths is aiming for a “best of both worlds” scenario with the new strategy.“Our partners bring knowledge of local trading conditions and we bring the quality, value, innovation and fashion our South African customers know and appreciate.”A vision of qualityBased on the UK’s Marks & Spencer group, the local version of Woolworths was founded in 1931 by Max Sonnenberg with the first store opening in Adderley Street, Cape Town. Today the company still holds true to Sonnenberg’s vision of giving consumers the right to quality products at affordable prices.Currently there are some 400 stores countrywide and overseas, employing over 18 500 people in South Africa alone.Woolworths is among the top 100 companies trading on the JSE and has been listed on South Africa’s stock exchange since October 1997. In its latest financial review the company shows resilient growth in earnings amid a tough economic climate, and on average has outperformed its market competitors, including Pick n Pay Holdings and Spar, by 4.1% in growth so far in 2011.Woolworths also has a strong presence in the Middle East and holds a majority share in the Australian retail chain Country Road.“We regard trading beyond South African borders an opportunity for Woolworths growth,” says Gilzean. “We are confident about the growth prospects of our investment in Uganda and Tanzania and indeed across Africa.“Consumer spending accounts for more than 60% of Africa’s GDP and this will increase with the growth of the upper and middle income groups.”last_img read more

Content Management: Reasons for Adopting An Email Archive Solution

first_imgEmail has become a primary tool for business communication, and management of the content found in emails has become increasingly important for businesses.Three reasons for adopting an email archiving solution:1.  Mailbox Management.  Very often the storage costs for keeping email on a server like Microsoft Exchange are very expensive.  Offloading email and attachments to an archiving system can save storage costs and often improve performance by shrinking the size of the data kept within the email store.2.  Compliance.  Email archiving solutions can assist in complying with regulations like Sarbanes Oxley, GLBA, FRCP, SEC and HIPAA.  Email messages often contain critical information that are considered to be both company documents and company assets. 3.  eDiscovery.  Archiving solutions are important for legal reasons.  The archiving system can help locate requested email documents and also provide realtime monitoring of email activity and enforcement of potential violations of email policies.A 2005 AIIM study found that these major drivers for adoption of email archive solutions:  – 58%  Increasing volumes of email in the organization  – 40%  Potential to provide email during litigation  – 39%  Damage or Loss experienced by the company  – 30%  Sarbanes Oxley  – 24%  Media coverage of Compliance failuresBy adopting an email archive solution, organizations can save considerably on storage costs.  Email archive solutions can identify email attachments that may be common across many email and can replace multiple copies with a single instance. Compression of email messages attachments is often done more effectively by the email archive compared to storage within the email server. The archiving solution typically provides search and administration functionality via a central dashboard application that helps simplify the task of email management.  And finally, email solutions help enforce archival and record management rules, ensuring that document retention policies are adhered to.last_img read more

Rita Ora slams ex-boyfriend in new track Poison

first_imgThe blonde beauty – who is reportedly dating rapper Richard Hilfiger – has previously been in relationships with DJ Calvin Harris, reality star Rob Kardashian and sports agent Dave Gardner and admits the track is about her “bad luck” in her personal life, but stopped short of admitting who she singles out in the track.Rita Ora has slammed an unnamed ex-boyfriend in her new track, Poison which compares the anonymous man to the devil.Chatting to Clash magazine, the 23-year-old singer shared: “[‘Poison’] is about my bad luck with love.”The lyrics are harsh, comparing her former love to a snake and the devil.At one point Rita sings: “Like a serpent/From the Garden of Eden/You are like poison/Running in my blood.”I open up my windows/I’m so sick of breathing/Every day I’m trying/But I don’t remember who I was before you came.”The feisty singer hasn’t confirmed who the song has been aimed at but given her past relationships, it’s safe to say she’s had a lot of material to work with.In June, Calvin publicly announced his split from Rita via Twitter and has reportedly offered other pop stars the songs he wrote originally for her second album.Ex-boyfriend Rob has also been vocal about his relationship with the blonde beauty.In 2012, the sock designer took to Twitter to rant about his failed romance with the ‘Hot Right Now’ pop star and even alleged Rita had cheating on him.He wrote: “She cheated on me with nearly 20 dudes while we were together… But I mean 20?!!!!”advertisementIronically, Rita appeared to eventually respond to Rob by saying she wouldn’t talk about her relationship in public.She said: “When you are involved with someone for a while and they decide to express their feelings to the public, well, that’s not my personal way of therapy but I guess everyone takes split-ups differently.”last_img read more

Appointment of Dr Ian Strachan as VicePresident University of The Bahamas North

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppBahamas, August 14, 2017 – Nassau – Dr. Strachan is a Professor of English at UB.  He holds an Associate of Arts in English and Literature from The College of The Bahamas (1988); a Teacher’s Certificate from the University of the West Indies (1988); a Bachelor of Arts in English from Morehouse College (1990); and a Master of Arts (1993) and Doctor of Philosophy (1995) in English from the University of Pennsylvania.  He is a former Research Fellow at the Carter G. Woodson Institute at the University of Virginia (1998-1999) and a former Assistant Professor of English at the University of Massachusetts, Dartmouth (1999-2001).  Dr. Strachan served as Chair of the School of English Studies at COB (2004-2007) and as the College’s Vice President of Advancement (2013-2015).A poet, playwright, novelist and filmmaker, Dr. Strachan is an editor of Poitier Revisted with Mia Mask and Violence in The Bahamas with William Fielding and Virginia Ballance. He has written and directed a number of plays, including No Seeds in Babylon (1991) which appears in the anthology Contemporary Drama for the Caribbean (2001) and Diary of Souls (1999).  In 1996 he founded the Track Road Theatre Foundation and served as its Director until 2006. In 2007, his poetry was included in the anthology New Caribbean Poetry (Carcanet 2007).  He is the writer, producer and director of the television series, “Gippie’s Kingdom” and he wrote and directed his first film, Show Me Your Motion: The Ringplay Games of The Bahamas in 2006.  In 2007, this documentary was featured in the UNESCO Caribbean Traveling Film Showcase. He is also the director/producer of the documentary I’s Man: Manhood in The Bahamas.Dr. Strachan is author of the popular newspaper column “East Street Blues” which appeared weekly in The Nassau Guardian (2006-2011). In 2009 he hosted the daily public affairs talk show, “The Nation Today”, on GEMS 105.9FM in Nassau and, in 2012, the current affairs television programme, “The Exchange,” on ZNS TV13.  He is a founder and member of the civil society advocacy group, the 1962 Foundation.Press Release: BIS Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

A brilliant Benzema takes Real Madrid to Copa semifinals

first_imgWith a fantastic brace during the first half at Girona, French striker Karim Benzema took Real Madrid all the way to the Copa del Rey semifinals.It’s official, Karim Benzema is currently going through one of the best moments of his career with Real Madrid and he just qualified Los Blancos to the Copa del Rey semifinals.The French striker has been completely unplayable during the start of 2019, his last two matches have been beautiful to look at as he’s been the squad’s offensive leader with goals and an everlasting source of talent regardless of the rival he confronts.The striker proved his fantastic moment from the very first ball he touched, it was evident that we were in for a treat and he would be one of this game’s main attractions.Karim did have Vinicius Junior as one of the most surprising partners that he could’ve asked for at this stage of the season, and also one of the most unexpected during a time in which everybody was already starting to repent from letting Cristiano Ronaldo leave the club.The Brazilian youngster has taken all Madridistas by surprise with his fresh football proposal, he has completely owned the left flank for Los Blancos and managed to get cozy with practically all the other offensive players in the squad.But make no mistake, tonight’s star was Karim Benzema without a doubt.FT Girona 1 Real Madrid 3. Real Madrid through to the semi finals #GironaRealMadrid #CopadelRey— Football 24/7 (@foetball247) January 31, 2019The Frenchman’s personal show went through the brightest moment just a few minutes before the 30-minute mark, he was the one who started the first goal’s play and the one who finished it.The Frenchman started a combination with Lucas Vazquez on the right flank, he continued with Dani Carvajal and stood right in front of Girona’s goalkeeper to finish with a potent strike with practically nobody to block his shot.This continued the great dynamic that Benzema is going through after last weekend’s fantastic performance against Espanyol in La Liga, but the striker was only beginning his show.A few minutes before half time, he combined with Vinicius on the left flank and finished the play with a well-placed right-footer that hit the post and got in the back of the net for Real Madrid’s second goal of the evening.This made it a 6-2 aggregate as both squads went to the dressing room to rest for 15 minutes, but the match wasn’t over yet and another 45 minutes were still on the horizon.Sergio Ramos, Real MadridZidane reveals Sergio Ramos injury concern for Real Madrid Andrew Smyth – September 14, 2019 Zinedine Zidane has put Sergio Ramos’ availability for Real Madrid’s trip to Sevilla next weekend in doubt after withdrawing him against Levante.Since Benzema had already delivered, manager Santiago Solari decided to take him out early in the second half to rest for next weekend.Real Madrid are through to the semi-finals of the #CopaDelRey thanks to a double from Benzema and one from Llorente! 🔥@GironaFC 1-3 @realmadriden (3-7)— LaLiga (@LaLigaEN) January 31, 2019Vinicius also left the pitch a few minutes later and he gave Gareth Bale a chance to play for over 20 minutes, the Welshman was coming out of another muscular injury and the manager wants to bring him back to rhythm slowly.Girona wasn’t leaving without doing some damage on Real Madrid’s defense, they took advantage of a defensive mistake from Los Blancos and Pedro Porro pulled one back for the Catalan club.Marcos Llorente scored the third goal for Real Madrid late in the game for the final 7-3 aggregate. But the semifinal’s ticket was pretty much decided, the first leg result was too bulky for Girona to recover from it.This result leaves the Copa del Rey semifinalists completely resolved, with Real Madrid, FC Barcelona, Valencia, and a surprising Real Betis about to have the semifinals draw on Friday.The obvious favorites to go all the way to the final at the Benito Villamarin Stadium are the two giants, but Real Betis does have a good motivation because the final will take place in their own stadium.We will bring you all the information on the semifinals as soon as the draw ends.Que semifinales nos esperan en la Copa del Rey 🤩— Juego Balón (@sirjuegobalon) January 31, 2019What’s your favorite possible Copa del Rey semifinal? Please share your opinion in the comment section down below.last_img read more

Sarri singles out Higuain for praise

first_imgMaurizio Sarri was delighted with his team’s performance as they responded to Bournemouth’s defeatGonzalo Higuain opened his account with a brace alongside Eden Hazard who grabbed the first from the spot before rounding the keeper to secure the second. While David Luiz completed the scoring with a late header.It was a positive all-round display from Maurizio Sarri’s side, who dominated from very early on.🌟🌟🌟🌟🌟#CHEHUD— Chelsea FC (@ChelseaFC) February 2, 2019“I think we started very well in the first 25-30 minutes. I saw my football, we moved the ball very fast, we had good movements without the ball and we were very dangerous.“I’m really very happy, we played well for 90 minutes and defended well for 90 minutes. We played a good match but we need consistency now.” He told the CFC website.“It will be very difficult, but also for our opponents. At the moment we have to be happy with our season because in February we are still involved in four different competitions. We know we have to fight to stay in the top four. Then we have to try to win something.James Rodriguez, Real MadridZidane hails ‘quality’ James Rodriguez after Real Madrid’s win Andrew Smyth – September 14, 2019 Zinedine Zidane reserved special praise for James Rodriguez after his starring role in Real Madrid’s 3-2 win over Levante.“It will be very difficult because in the Carabao Cup we had to play Liverpool and Tottenham, and now Man City, it’s like the Champions League. So here in England, everything is very difficult.“The championship is very competitive and we know now we need consistency in our performances.“Today they were very motivated but we lost 4-0 in the last match so they had to react. Now we have to understand the level of motivation must be the same in every match.”⚽️⚽️ Double trouble! ⚽️⚽️— Chelsea FC (@ChelseaFC) February 2, 2019Sarri felt Higuain and Hazard complement each other as it showed in today’s game.“I know very well when Higuain arrived he wasn’t at the top of his physical condition. Now he’s improving and I’m happy because apart from the goals he’s very suitable to play close to Eden.“On the pitch, they’re very suitable to play with one close to the other. For us, it’s very useful to have Higuain because he will be able to score a lot of goals, but it’s also important for Eden.”last_img read more