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first_img Twitter Local NewsBusiness The Parent Company Appoints Mike Batesole as Chief Financial Officer Pinterest WhatsApp Pinterest Facebook Facebookcenter_img TAGS  SAN JOSE, Calif.–(BUSINESS WIRE)–Feb 16, 2021– TPCO Holding Corp. (“ The Parent Company” ) (NEO: GRAM.U, GRAM.WT.U) (OTCQX: GRAMF; OTC PINK: GRMWF), today announced it has appointed Mike Batesole as Chief Financial Officer, effective Monday, February 15, 2021. He will report directly to Chief Executive Officer Steve Allan. “We are pleased to welcome Mike to the team at such a pivotal moment for The Parent Company,” said Steve Allan, The Parent Company’s CEO. “Mike brings deep public company and cannabis industry experience as well as an established track record of driving profitable growth. With knowledge of both IFRS and U.S. GAAP accounting, Mike’s skills will help prepare the company for the post-prohibition era for cannabis, including up-listing to a major U.S. stock exchange as soon as regulations permit.” “I am thrilled to join The Parent Company. It is rare to find a company so uniquely positioned to reshape an industry, and I look forward to working with the Company’s talented leadership team to drive long term profitable growth and shareholder value,” said Batesole. Batesole brings over 25 years of financial and operational experience to the role. He most recently served as Chief Financial Officer, CA Operations for Origin House, beginning in 2019 through the company’s acquisition by Cresco Labs in January 2020. Prior to Origin House, Batesole spent 10 years as the Chief Financial Officer at Shaklee Corporation, where he was responsible for all accounting, finance, operations and supply chain, and IT. Earlier in his career, Batesole held senior finance roles at leading technology companies including Dorado Network systems, VA Software Corporation and Bentley Systems. Batesole is an active CPA and earned a Bachelor of Science from the Haas School of Business, University of California, Berkeley. Mike Batesole will succeed Brett Cummings, who will continue to advance both the combined hemp CBD businesses under a single platform and the initially funded $10 million social equity ventures program, designed to give Black and other minority entrepreneurs equal opportunity to participate in the legal cannabis industry. Steve Allan stated, “I want to thank Brett for his continued leadership and efforts in both building Left Coast Ventures and helping accelerate our integration process. We appreciate all his hard work and look forward to continuing to work with him on the hemp CBD businesses and the social equity ventures program.” About The Parent Company The Parent Company (TPCO Holding Corp.) (NEO: GRAM.U, GRAM.WT.U) (OTCQX: GRAMF; OTC PINK: GRMWF) is California’s leading vertically integrated cannabis company combining best-in-class operations with leading voices in popular culture and social impact. The Parent Company brings together global icon and entrepreneur Shawn “JAY-Z” Carter, entertainment powerhouse ROC NATION, California’s leading direct-to-consumer platform CALIVA, and leading cannabis and hemp manufacturer, LEFT COAST VENTURES, to form a cannabis industry leader for the post-prohibition era. Chief Visionary Officer Shawn ”JAY-Z” Carter, one of the most recognized and celebrated entrepreneurs of our time, will guide The Parent Company’s brand strategy in partnership with Roc Nation, the world’s preeminent entertainment company with a roster of culture-making artists, athletes and influencers. The brands we build together will pave a new path forward for a legacy rooted in equity, access, and justice. For more information, please visit www.theparent.co. Forward Looking Statements This press release may contain forward-looking information within the meaning of applicable securities legislation which reflects The Parent Company’s current expectations regarding future events. The words “will”, “expects”, “intends” and similar expressions are often intended to identify forward looking information, although not all forward-looking information contains these identifying words. Specific forward-looking information contained in this press release includes, but is not limited to, statements concerning plans of The Parent Company to list on a major U.S. stock exchange as soon as practicable. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond The Parent Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: inability to obtain requisite regulatory or shareholder approvals, changes in general economic, business and political conditions, changes in applicable laws, the U.S. and Canadian regulatory landscapes and enforcement related to cannabis, changes in public opinion and perception of the cannabis industry, reliance on the expertise and judgment of senior management, as well as the factors discussed under the heading “Risk Factors” in The Parent Company’s final prospectus dated December 16, 2020, which is available on SEDAR at www.sedar.com. The Parent Company undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. View source version on businesswire.com:https://www.businesswire.com/news/home/20210216005701/en/ CONTACT: The Parent Company Media // Annie Maines [email protected] Relations [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: ALTERNATIVE MEDICINE GENERAL HEALTH HEALTH SPECIALTY MUSIC GENERAL ENTERTAINMENT RETAIL ENTERTAINMENT SOURCE: The Parent Company Copyright Business Wire 2021. PUB: 02/16/2021 08:00 AM/DISC: 02/16/2021 08:02 AM http://www.businesswire.com/news/home/20210216005701/en Previous articleAdaCore Broadens its Cybersecurity Capabilities with the Acquisition of Componolit GmbHNext articleStudy Shows Biocept’s Target Selector™ Detects Mutations in “Quantity Not Sufficient” Specimens in Non-Small Cell Lung Cancer Patients Digital AIM Web Support By Digital AIM Web Support – February 16, 2021 WhatsApp Twitterlast_img read more

first_img in Daily Dose, Featured, Headlines, Market Studies, News Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Ask the Economist: Mark Fleming Talks Housing Servicers Navigate the Post-Pandemic World 2 days ago November 9, 2017 1,537 Views  Print This Post economic trends HOUSING mortgage 2017-11-09 Nicole Casperson Share Save The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Related Articles Editor’s note: This story was originally featured in the November issue of DS News, out now. As the Chief Economist for First American Financial Corporation, Mark Fleming leads an economics team responsible for analysis, commentary, and forecasting trends in the real estate and mortgage markets. As a trusted and influential voice with 20-years’ experience in the mortgage and property information business, Fleming is frequently quoted by national media outlets. For weekly analysis and research, follow him on Twitter at @mflemingecon.We’ve been spoiled with historically low mortgage interest rates. Where do you predict they will go? Not only have we recently enjoyed historically low rates, but also a general, long-run decline in rates since 1981. So, a generation of homebuyers has benefited from increased home-purchasing power over time. As for the future, improving economic conditions and the recent announcement by the Federal Open Market Committee (FOMC) that it will reduce the portfolio of bonds and mortgage-backed securities that it purchased under its quantitative easing policy are strong signals that rates will rise modestly over the coming year. In fact, mortgage rates increased in the week following the FOMC announcement of “quantitative uneasing.” Even if rates rose by another 2 percent to approximately 6 percent by the end of 2018, which is highly unlikely, rates would still only be where they were in 2008—a level that homebuyers had not seen since the mid-1960s. To use a technical economic term, rates that low still offer consumers historically pretty darn good home-purchasing power.What does this mean? How could it affect homebuyers, and in particular, first-time homebuyers?It is important to point out that if you are among the nearly two-thirds of U.S. households that already own homes, rate increases mean, really, nothing! That’s because the vast majority of existing homeowners either own their homes without a mortgage, or have a 30-year fixed-rate mortgage. Therefore, an increase in the mortgage rate will have no impact on the majority of existing owners. If you are contemplating buying a home, then things are a little less affordable than before. But, let’s be clear. It is true that purchasing power is lost and affordability declines as mortgage rates rise. However, given our expectation for an orderly and modest increase in rates over time, I think the most appropriate characterization of the market is homes are becoming less affordable but are not yet unaffordable by any reasonable historic standard.At what point would rising mortgage rates start to significantly dampen buyer demand? We actually surveyed real estate professionals this past spring and asked them what the mortgage rate would need to be before it would have a significant impact on homebuyer demand.  The answer—more than 5 percent. Most forecasts don’t expect mortgage rates to reach that level until 2019. How will mortgage rates influence inventory? That’s a good question! Most of the inventory of homes for sale is supplied by existing homeowners who mostly have existing mortgages. So, for existing homeowners, there is either a financial benefit or cost to selling their home and presumably becoming a homebuyer that depends on whether the mortgage rate on their existing mortgage when they sell their home is higher or lower than the mortgage rate on the home that is ultimately purchased. As mortgage rates have typically been declining since 1981, this dynamic has almost always been a financial benefit to existing homeowners—the mortgage rate on the home purchased is lower than the mortgage rate on the home that was sold. In a rising rate environment, the mortgage rate on the home purchased is higher than the mortgage rate on the home sold, which adds cost. The more rates rise and the larger one’s loan, the more costs increase. The rate locked-in cost will grow as rates rise and may prevent existing homeowners from listing their home and adding to the inventory of homes for sale. Housing inventory, or lack thereof, has been continuous in the housing market. What do you foresee in the next year for the inventory narrative?As I have described, the rate locked-in effect will only grow as rates rise, but what is more immediately pressing is the fear of not finding something to buy. According to our survey of real estate professionals this summer in our Real Estate Sentiment Index, we found that real estate professionals operating in short-supplied markets believe the main reason for a lack of supply is existing homeowners are not listing their homes for sale because they are worried that they will not be able to find something to buy. Existing homeowners face the dilemma of wanting to sell, but fear not finding something to buy. Add the increased cost from a growing-rate locked-in effect, and it’s fair to ask, “Are homeowners becoming prisoners in their own homes?” What else should those following the housing market look out for in the next year? Any wild cards? I see a pretty clear narrative for next year that really seems to be an extension of this year. Modestly rising rates, tight inventory in most markets, and, therefore, strong house-price appreciation.  The wild cards I believe would be from the macroeconomic or geopolitical stage. What often happens in other countries and financial markets can influence our mortgage rate outlook, and not always negatively. Who would ever have thought that Brexit would benefit the U.S. housing markets with a mortgage-rate deduction? Yet, that’s what happened. If the housing market outlook changes, my guess is that it will be because of something shocking our economy or financial markets. Previous: Exploring the State of Property Preservation Next: Identifying Housing Bubbles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Ask the Economist: Mark Fleming Talks Housing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Nicole Casperson Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: economic trends HOUSING mortgage The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

first_imgYesterday, the non-partisan music-based voter registration group, Headcount, launched a brand-new initiative dubbed the Cannabis Voter Project. Founded with the recognition that “cannabis legalization is an issue that has the power to drive voter turnout in a big way,” the Cannabis Voter Project seeks to educate Americans about how voting can impact cannabis policy.The Cannabis Voter Project’s website, CannabisVoter.info, offers an easily digestible resource for voters that breaks down where elected officials in all 50 states stand on cannabis issues. Voters can find out where every governor, senator, and congressional representative stands on things like federal marijuana legalization, state-level marijuana legalization, allowing veterans to use medical marijuana, allowing banks to work with marijuana businesses, CBD legalization, and industrial hemp legalization.This Cannabis Voter Project’s newly-launched website has a number of other resources for cannabis-friendly voters, such as resources for calling and writing elected officials. Those voters can also make their position known by purchasing shirts that say “I Smoke Pot And I Vote” and “Vote Green”, and the site makes it easy to connect with cannabis policy reform groups like NORML, Students For Sensible Drug Policy, the Marijuana Policy Project, and the Drug Policy Alliance. Of course, since this is a Headcount initiative, the site makes it very easy for folks to register to vote.Yesterday, The Disco Biscuits bassist Marc Brownstein—who also happens to be co-founder and co-chair of HeadCount—announced the Cannabis Voter Project. You can read his full message below. For more information on the brand-new Headcount initiative, head to the Cannabis Voter Project’s website here. We’ve heard it all… My vote doesn’t count. or.. There’s no point in voting, both parties are the same… Nothing ever changes… or does it?Do you care about cannabis legalization?Let’s not forget that in all states where cannabis has been legalized, there was a vote by the people or elected legislature to make that happen.Voting has already legalized medical cannabis in 30 states and recreational use in nine states. Three more states are voting on legalization measures this November.With that in mind, check out HeadCount’s Cannabis Voter Project on our new website CannabisVoter.info.We created a singular resource for you to learn where your elected officials stand on seven major cannabis issues, from industrial hemp to outright legalization.CannabisVoter.info also has links to the best of cannabis media, advocacy organizations, and opportunities to take action. And of course, it’s a place where you can register to vote.Check it out. Click around the website. Share it on social media. Let us know what you think. You might be surprised by what you learn.Cannabis policy is incredibly unique. It is one of the only truly non-partisan issues in modern politics, with the power to engage people of all ages, races, and political affiliations. It’s an issue that shows how people’s votes can shape policy and directly change lives. This is why HeadCount launched the Cannabis Voter Project.And if you wear your colors, grab one of these t-shirts and be a proud cannabis voter.See you at a show,Marc BrownsteinCo-Founder and Co-Chair, HeadCountlast_img read more

first_imgOn Saturday, September 14, from 1 to 7 p.m., students from all over the country and the world will be welcomed to Harvard Square with open arms by alums, fellow students, Harvard administrators, local community leaders, and business owners.The Harvard Graduate Council (HGC), the Harvard-wide graduate student government for the 12 graduate and professional Schools, has coordinated with the Harvard Square Business Association and the city of Cambridge to create a day of celebration and community in Harvard Square – the first of its kind. Streets will be shut down and turned over to student performers, local bands, businesses, and city leaders for an outdoor open house. This event brings together all the stakeholders in the Harvard community for a chance to share, celebrate, meet new friends, and reacquaint with old ones. Performances and a  scavenger hunt will continue until 7 p.m. throughout the Square and Yard.The main stage opening ceremony, located at the corner of Brattle and Church streets, will officially kick off the event at 1 p.m. Marjorie Decker, state representative for the 25th District, is scheduled to give a special welcome to new students and Vice Mayor E. Denise Simmons will bring greetings from the city of Cambridge. All twelve graduate School student presidents will be introduced by Harvard Graduate Council President Philip Harding along with HGC Vice Presidents Sudipta “Nila” Devanath, Karima Ladhani, Leon Liu, Yifan Zhang, Yue Zhang, and Juan Tellez Sandoval.Details and registration: http://hgc.harvard.edu/welcomebacklast_img read more

first_imgSweden will adjust a key corner of its strategy for dealing with COVID-19, after the death rate at care homes spiraled out of control.The government of Prime Minister Stefan Lofven plans to spend about 2.2 billion kronor ($220 million) on ratcheting up staff levels to help protect the country’s oldest citizens. Another 2 billion kronor will go toward compensating local authorities for the extra costs they’ve incurred in dealing with the pandemic, the government said on Tuesday.Like elsewhere, Sweden’s COVID-19 related deaths have disproportionately hit the elderly. But critics argue that many of those fatalities could have been avoided if the authorities had taken more steps to focus attention on the most vulnerable demographic. Topics : Sweden’s top epidemiologist, Anders Tegnell, says fighting COVID-19 is a long-term undertaking, meaning temporary lockdowns will ultimately backfire. He says once they’re lifted, infection rates will again rise.Instead, Tegnell says moderate restrictions that allow much of normal life to continue are more likely to help guide a society through a pandemic that has a protracted lifespan.The Danish wayBut the strategy remains controversial. Within the Nordic region, contrasts have been drawn between Sweden and Denmark, which opted for a strict lockdown early on.Denmark is now in the second phase of reopening its economy. What’s more, recent data even suggest its infection rate is falling, and its death rate so far is less than a third Sweden’s.Denmark opened large swathes of its economy in mid-April, including primary schools and hairdressing salons. This week, Danish shops opened for the first time in two months, with museums and cinemas set to follow.center_img Earlier this month, Sweden said prosecutors had started an investigation into the high death rate at a care home. Half of those over 70 years old who have died from COVID-19 in Sweden lived in nursing homes, according to national statistics at the end of April. As of Monday, the country had registered 3,256 COVID-19 related deaths.Controversial approachSweden’s approach to handling the coronavirus pandemic has become a topic of international debate after it opted for a much laxer lockdown, and instead relied on its citizens to follow social distancing guidelines.Swedish gyms, schools, restaurants and shops have all remained open throughout the spread of the pandemic. The strategy has so far helped shield the economy from the worst, but Sweden’s death rate is about 32 per 100,000, compared with 24 in the US. and roughly 9 in neighboring Denmark.last_img read more

first_imgHowever, as former UK minister for universities David Willetts declared in a speech at the conference, education is thankfully not going down the online monopoly route that we have seen with Facebook and social media. After social security, health and education account for the two largest items in UK government expenditure – and figures are likely similar elsewhere.Technology has the potential to be transformational in both cases. With healthcare, it is not just through the use of technology to make administration more efficient – with mixed success so far in the UK, which still lacks seamless access to medical records between doctors, hospitals and clinics. Excitingly, technology is also emerging in areas such as the use of artificial intelligence to better diagnose medical imagery. The metrics for success are clear in healthcare, although data protection remains a concern.‘Edtech’ – the trendy term for technology applied to education – has the potential to radically change education in both developed and emerging countries. To what extent it will eventually do so is perhaps less obvious than in healthcare.The EdTechX Europe 2018 summit, held last week in London, was full of exciting start-up companies led by dynamic management teams that saw themselves as providing transformational businesses. Oxford University, UKOxford and Cambridge, at the apex of the UK’s higher education system, offer courses that are expensive to create with individual or small group tuition together with lectures. The collegiate system also means there are physical limits to how many new places can be created.On the other hand, MOOCs offered by such entities may address the issue of disseminating information and teaching – but online courses cannot reproduce the university experience, or indeed the prestige of being admitted to such institutions.Yet there must be alternatives that can utilise the almost-free resource of online courses together with some minimal campus teaching that would not result in students facing large debts at the end of three years. The technology for such offerings is there already but, so far, there has not been a synthesis of online and campus teaching that produces radically cheaper but acceptable alternatives with mass appeal.Edtech has immense potential, but the path to success requires much more than just technology.center_img Could online courses replace university teaching?Online university courses have been around for a number of years, and free massive open online courses (MOOCs) are available from eminent institutions such as Harvard, MIT and Microsoft. At EdTechX entrepreneurs were offering new variations on this theme, including the creation of at least one new online university.Teacher-less teaching?Technology is also arriving in the classroom throughout developed countries. However, some of the initiatives on show at EdTechX suggested that innovation was likely to be far more transformational for isolated communities in poor countries. For example, distributing tablets to provide access to specifically designed courses without school teacher involvement is likely to have far more of an impact than tweaking teaching aids in the developed world.One presentation, for example, related to the Global Learning XPRIZE, a global competition with a $15m (€12.8m) prize purse provided by Tesla founder Elon Musk. It challenges teams around the world to develop open-source and scalable software to enable children with limited education access to teach themselves basic reading, writing and arithmetic within 15 months. Field testing of five finalists is already underway in villages in Tanzania.At the other extreme, initiatives such as EtonX are subsidiaries of well-known institutions that leveraging their credibility to attract a worldwide audience.For investors, there is a cornucopia of opportunities in edtech, but deciding what is likely to be a winner may be much more difficult than in healthcare.With healthcare, it is clear that a technological solution that, for example, substantially improves detection of breast cancer from scans would have immediate applications and relevance, and the technology with the best performance would likely be the most successful.Edtech offerings are more problematic. There are many competing offerings in the same space without necessarily any differentiator in terms of quality – and, in many cases, they may be competing with free offerings from highly regarded institutions.  Challenging the traditionalThe rise of online learning opportunities does raise the issue of how traditional universities should be structured in response. David Willetts argued that, unless they are able to meet the demand for more places, universities will be increasingly sidelined as educational institutions while remaining as research entities.last_img read more

first_imgNational University could forge a record sweep in the Premier Volleyball League if it dusts off Far Eastern U in the battle for the Collegiate Conference crown that kicks off with Game 1 Wednesday at Filoil Flying V Centre.The powerhouse Lady Bulldogs swept their group in the classification phase and blanked the Arellano Lady Chiefs in their Final Four duel to book a slot in the best-of-three finals.ADVERTISEMENT Don’t miss out on the latest news and information. Kiss-and-tell matinee idol’s conquests: True stories or tall tales? OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson NU will parade a solid crew composed of Jaja Santiago, Risa Sato, Aiko Urdas, Jorelle Singh, Audrey Paran and ace playmaker Jasmine Nabor.FEU is shooting for a sweep of the PVL titles as its men’s team clashes with Ateneo in their best-of-three finals at 10 a.m.Sports Related Videospowered by AdSparcRead Next It’s too early to present Duterte’s ‘legacy’ – Lacson Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene Late Ott goal rescues point for Azkals MOST READ Jake says relationship with Shaina ‘goes beyond physical attraction’center_img Coco’s house rules on ‘Probinsyano’ set Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award If National U scores back-to-back wins, it will notch the league’s first perfect tournament.But that will be easier said than done with veteran Bernadeth Pons back in the FEU fold. Pons returned to lead the Lady Tams past Adamson’s Lady Falcons in their semifinal knockout duel, scoring 15 hits, including the match-clinching kill that sealed their 21-25, 25-20, 25-22, 25-18 victory.FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSFederer blasts lack of communication on Australian Open smogHowever, Pons and libero Kyla Atienza will miss Game 1 to anchor FEU’s campaign in the UAAP beach volleyball tournament, making the intact Lady Bulldogs the heavy picks in their 6:30 p.m. encounter.“It’s a challenge for us coaches and for the players who will fill in their spots,” said FEU coach George Pascua. LATEST STORIES Steam emission over Taal’s main crater ‘steady’ for past 24 hours Jo Koy: My brain always wants to think funny Jake says relationship with Shaina ‘goes beyond physical attraction’ View commentslast_img read more

first_img24 July 2007South African petrochemical company Sasol has become the first in the world to register a project that uses a secondary catalyst to convert the greenhouse gas nitrous oxide into harmless nitrogen and oxygen, which could earn the company significant income through the sale of carbon credits.Sasol said in a statement on Monday that a share of the revenue derived from the carbon credit sales would be invested in local community-based sustainable development projects.A carbon credit – one credit is equivalent to a ton of carbon dioxide reduced – is a tradable permit scheme used as an incentive for countries and businesses to reduce their greenhouse gas emissions.Countries that have signed the Kyoto Protocol have fixed quotas for greenhouse emissions. The protocol’s clean development mechanism allows businesses to generate carbon credits, which can then be sold or exchanged with businesses that have exceeded their quota limits.Sasol Nitro, which commissioned its nitrous oxide emission abatement technology during the first quarter of 2007, expects to reduce greenhouse gas emissions by the equivalent of about a million tons of carbon dioxide a year.According to the company, one ton of nitrous oxide has the greenhouse impact equivalent to 310 tons of carbon dioxide.The technology will be used to reduce emissions at two nitric acid plants in Sasolburg in the Free State province and Secunda in Mpumalanga province.“This is the first time that a project using a secondary catalyst has been registered as a clean development mechanism project in terms of the Kyoto Protocol,” said Sasol Chemical Businesses’ group general manager Reiner Groh.The project offered “significant environmental benefits for Sasol, our local communities and South Africa,” Groh added.Sasol said it had developed the project with assistance from MGM International, a specialist in the development of greenhouse gas emission reduction projects worldwide, and Heraues, a provider of catalyst technology for nitric acid production facilities.SouthAfrica.info reporter Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

first_img18 April 2011South Africa’s success as the new member of BRICS will be determined by how Pretoria relates to the rest of Africa and how it uses its membership of the group to address critical issues facing the continent, says Trade and Industry Minister Rob Davies.“I think that will be our major area that we will be judged on,” Davies said on Sunday on his return from third meeting of the leaders of the grouping of influential developing countries – Brazil, Russia, India, China and South Africa – held in Sanya, China.“The issues are vast, and we need to ensure that we take the rest of Africa with us, because the way we relate to the rest of the continent will be very important to make our participation in BRICS a success,” Davies said.As the only African country in BRICS, South Africa was expected to push for Africa’s integration in trade and policies with the other BRICS members, Davies said.Building a domestic market that cut across Africa would be crucial, he said, if South Africa was to hold its own among four powerful emerging economies with a combined population of more than three billion.South Africa should also use its BRICS membership to craft a more vigorous trade and investment programme to ensure that its voice and that of the continent was heard in broader international platforms such as the G20 and the UN Security Council.The three-day BRICS meeting, which ended on Friday, called on the speedy achievement of the targets for the reform of the International Monetary Fund agreed to at the recent G20 summit, and reiterated that the governing structure of the international financing institution should reflect the changes in the world economy.In what could lead to a drastic shift in trade cooperation between the BRICS group, Davies said the five countries also discussed the possibility of using their own currencies to trade with each other.This formed part of a wide consultation meeting attended by the BRICS trade ministers that called for strong, open and rule-based multilateral trading systems among their countries.The meeting also denounced the “excessive” volatility in commodity prices, particularly those for food and energy, as posing a new risk for the ongoing recovery of the world market.“We support the international community in strengthening cooperation to ensure stability and strong development of physical markets,” Davies said. “The international community should work together to increase production capacity and strengthen producer-consumer dialogue to balance supply and demand.”The BRICS countries, which together account for about 20 percent of global GDP, are all part of the G20 grouping of the 20 major economies in the world, and are all currently members of the UN Security Council.The five countries see this as an opportunity to work closely together on issues relating to global peace and security.“We are deeply concerned with turbulence in the Middle East, the North African and West African regions, and sincerely wish that the countries affected achieve peace, stability and progress,” the group said in a declaration at the end of the meeting. We share the principle that any use of force should be avoided.”Source: BuaNewslast_img read more

first_img14 December 2014The Springbok Sevens defeated New Zealand 26-17 in a pulsating final in the Cell C Nelson Mandela Bay Sevens, a week after they claimed the Dubai Sevens title.The hosts trailed Fiji by two points coming into their home event, but now lead the standings with 59 points, with Fiji (51), New Zealand (47) and Australia (46) completing the top four places that would esnure automatic entry into the Olympic Games in Rio in 2016.More than 63 000 people attended the event in Port Elizabeth and they were left in raptures after the Blitzboks again came from behind to claim the title they won a year ago. The team, who had also trailed Australia in the semifinals (10-0), conceded an early try in the final, as Sherwin Stowers dotted down for New Zealand.Tries by Philip Snyman and Cecil Afrika gave the home side the lead, but Afrika was yellow-carded shortly after and New Zealand used that advantage to claim a second try before the end of the half.Try scorerLeading tournament try-scorer Seabelo Senatla scored early in the second half to push the lead out to nine points, but again New Zealand came back within two minutes with a try by Joe Webber, his second of the final.The deal was sealed for the home side though when Kwagga Smith scored, with Afrika’s conversion providing the necessary buffer for any late All Blacks Sevens counterpunch.Coach Neil Powell was pleased with his side’s ability to stay calm under pressure and to play to their strengths.“We had to dig deep. We had three very worthy opponents today and each asked very different questions. We had to come from behind in each match today, but this team has shown they have the determination and belief to succeed.“We used sport psychologist Dr. Jannie Botha this week and it helped the guys to stay focused in a week full of the pressure that comes with hosting the tournament. A late second half surge by the Springbok Sevens team helped them to a hard-fought 19-10 win over Australia in the semifinals earlier on Sunday.Three second half tries gave the home side a win that looked unlikely after Australia scored twice in a minute and the Blitsboks had Afrika sin-binned as well. Australia’s 10-0 lead was first cut by a try from Branco du Preez, before Kyle Brown and Werner Kok ran in from a distance to clinch the win.In their quarterfinal match against England, they had to overcome an early try by England’s Alex Grey to score a 31-7 win.A brace by Kwagga Smith, another long-range effort by Seabelo Senatla and a well- worked try by Werner Kok secured the passage into the next phase.Earlier the USA won the Plate Final by beating Fiji 21-14, Portugal won the Shield by beating Samoa 19-14 and Canada outlasted Kenya 24-7 for the Bowl.In the bronze final, Australia beat Argentina 34-19.The standings after three rounds of the HSBC Sevens World Series are:South Africa 59Fiji 51New Zealand 47Australia 46Argentina 40England 37Samoa 29Scotland 27USA 26Wales 25Source: SA Rugby Unionlast_img read more