For the second year running, telecommunications giant MTN leads the Brand Finance South Africa Top 50. The brand’s value has grown by 31%, largely as a result of the corporate’s accommodating and understanding local conditions before it sets up shop. Brand South Africa chief executive, Miller Matola, says the brands featured in the survey contribute to the image of the country.For the second year in a row, South African telecommunications giant, MTN, has been named the country’s top brand, beating out rival Vodacom, and energy producer Sasol. The announcement was made at the release of the Brand Finance South Africa Top 50 survey at Brand South Africa offices on Tuesday, 22 July.Brand Finance South Africa is part of the international Brand Finance group, which helps companies measure the value of, and manage, their brands.According to the survey, MTN’s brand value has grown by 31% over the last year thanks to its increasing international exposure. This is also due to how MTN conducts business in each country it enters: it collects knowledge of that country and respects its customs.The survey shows just how dominant MTN is in the corporate sector. It has widened the gap between itself and its competitors by posting a brand value of R56.3-million, over R30-million more than Sasol and Vodacom.Sasol had overtaken Vodacom to claim second spot this year after its value increased by 13%. This is largely thanks to ventures in 38 countries; including expansion into the US shale market in recent years, the launch of a R1.9-billion ethylene purification plant in Sasolburg, and the weaker rand.Investec made the most impressive leap this year, moving from 18th in 2013 to 9th this year. Its brand value increased by 67% and according to the survey, could rival South Africa’s big four banks in coming years.Chairman of Brand Finance Africa, Thebe Ikalafeng, said it is important to honour major brands such as MTN and Sasol as they help tell the South African story of a competitive nation and country with a great reputation.He added that the survey provides brands a benchmark they can use to drive their business and their strategy. “It helps to guide them and see how well they do competitively.”Thebe Ikalafeng of Brand Finance Africa says the brands selected in the survey help in telling the South African story.Ikalafeng said South African business is diverse and competitive across all sectors from telecommunications to retail. However, he said, South African brands should strive for excellence shown by European and American counterparts while emphasising its African roots. “Our distinction is who we are as Africans. It’s that colour, that diversity, that Africanness that only an African can define.”Brand South Africa chief executive, Miller Matola, said the companies featured in the top 50 are critical to building a nation’s brand. “A lot of them are pioneers. They have strong images in and outside of South Africa. In many ways these brands help build the brand of South Africa.”He also said that South Africa can increase its global competitiveness by using these enterprises to build sustainable growth and prosperity.Oliver Schmitz, managing director of Brand Finance South Africa, called on business leaders to follow Nelson Mandela’s example of leadership by putting people ahead of profits so as to ensure their own long-term successOliver Schmitz, managing director at Brand Finance South Africa, said more than 450 brands were analysed during the survey. They were assessed according to the International Organisation for Standardisation’s three requirements for brand evaluation; an intellectual property audit, a consumer behaviour review, and combining these for assessing financial performance.The evaluators used the royalty relief method, which estimates the likely future sales of a brand and the royalty rate that would be charged for the use of the brand.Schmitz said brand leaders need to look after the people around them if they are to ensure long-term success. “We need to play our part. A nation brand has a value and all brands have a value. And together we can give value to the consumers out there.”View the full list of South Africa’s Top 50 Brands
The Director is encouraging persons to utilise their right to know, under the Act. A Cabinet submission highlighting reforms to the Access to Information Act, is to be presented to Parliament by the end of the third quarter of the financial year.Director of the Access to Information (ATI) Unit at the Office of the Prime Minister, Damion Cox, says the reforms are part of the recommendations made by a Joint Select Committee of Parliament which carried out a review of the Access to Information Act in 2011.Speaking at a recent Jamaica Information Service (JIS) ‘Think Tank’, at the agency’s head office in Kingston, Mr. Cox said amendments to the Act are being legislated, “to ensure that public authorities apply a public interest test in relation to more categories of exemptions.”A public interest test, he said, is the process whereby public authorities are expected to identify any relevant public interest.Explaining further how the exemptions work, Mr. Cox informed that a public interest test is only applied to two sections of the ATI Act. Section 19 of the Act stipulates that an exemption can be applied to government deliberative process, while section 21 mandates that the test be applied to documents dealing with any historical, archaeological, anthropological and natural resources, as well as national monuments.Similarly, he advised that the exemptions protect “things relating to personal privacy and national security, as well as commercially sensitive information of public and private entities.”Mr. Cox also added that the Act therefore, “seeks to balance the public interest in terms of those documents that can be readily released and those that an exemption can be applied to.”Meanwhile, the Director is encouraging persons to utilise their right to know, under the Act. He noted that everyone has a right to access government information, since the passage of the legislation.“The Act provides for proactive disclosure and we are looking to strengthen that. Where we are right now, in terms of routine disclosure, is a far way from where we were prior to this Act being introduced as part of the transparency and open governance framework,” Mr. Cox said.He added that the aim of the legislation and its implementation is to ensure that Jamaica is conforming to international standards.Mr. Cox also pointed out that the global move, in terms of open data, is far greater than just gaining access to information that is available.“It is how we can use the vast data that government collects to create applications that can provide citizens with good services,” he explained, while pointing out that this is what pertains in many other jurisdictions.The Act, which was passed in 2002, gives Jamaican citizens and individuals across the world the opportunity to access official government documents, while promoting freedom of information. Reforms are part of the recommendations made by a Joint Select Committee of Parliament. Story Highlights Reforms to the Access to Information Act, is to be presented to Parliament by the end of the third quarter of the financial year.
The CFATF is an organisation of 25 States of the Caribbean Basin, Central and South America that have agreed to implement common countermeasures to address money laundering. Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says Jamaica is taking steps to increase its voice in the Caribbean on matters relating to the financial sector.In that regard, Mrs. Williams is to head a Jamaican delegation to the Caribbean Financial Action Task Force (CFATF) to accelerate the country’s representation to the body.The CFATF is an organisation of 25 States of the Caribbean Basin, Central and South America that have agreed to implement common countermeasures to address money laundering.Addressing the opening of the 7th Annual Anti-Money Laundering/Counter-Financing of Terrorism Conference, at The Jamaica Pegasus hotel in New Kingston on Tuesday (October 2), Mrs. Williams informed that Jamaica has sought and obtained a seat on the CFATF’s influential Steering Committee to increase its participation in the work of that body and, consequently, the wider Financial Action Task Force (FATF) global network.The FATF is an intergovernmental organisation based in France, which was established to combat money laundering and terrorism financing.“I will seek to advance certain issues that are of benefit to Jamaica, including de-risking issues, regulatory regimes for emerging technologies, and financial inclusion,” Mrs. Williams noted.In the meantime, the Minister said the Government is continuing its work to reform and strengthen Jamaica’s anti-money laundering/counter-financing of terrorism framework to comply with global standards.“Currently, new amendments are being proposed to the Proceeds of Crime Act, the Terrorism Prevention Act and the United Nations Security Council Resolution (Implementation) Act; as well as to the Microcredit Act. These amendments will address technical deficiencies outlined in the Mutual Evaluation Report of Jamaica carried out by the CFATF, and will complement enacted legislation and amendments,” Mrs. Williams said.She noted that it is critical that these laws be passed by next May, “to demonstrate to the FATF our commitment to meet the global standards”.Mrs. Williams praised the organisers of the conference for their consistency in “keeping the critical issue of (banking) compliance front and centre”.“Banking compliance both strengthens and protects Jamaica’s financial system whilst contributing to law-enforcement efforts in gathering the intelligence and evidence necessary to uncover economic crime,” she said.The two-day conference, which is being held under the theme ‘Compliance: Keeping Pace to Stay Ahead’, seeks to provide participants with sound institutional strategies to stay ahead of the game in the effort to protect clients, institutions and the country in general, against money laundering and terrorism financing.The annual event targets anti-money laundering/counter-financing of terrorism compliance practitioners from the deposit-taking and non-deposit-taking financial institutions; attorneys-at-law; front-line staff; internal and external auditors from the local and regional financial sectors; real estate practitioners; gaming industry personnel; accountants; law enforcement and regulators.The meeting is being hosted by the Jamaica Bankers Association (JBA) in collaboration with the Jamaica Institute of Financial Services (JIFS). In that regard, Mrs. Williams is to head a Jamaican delegation to the Caribbean Financial Action Task Force (CFATF) to accelerate the country’s representation to the body. Story Highlights Minister without Portfolio in the Ministry of Finance and the Public Service, Hon. Fayval Williams, says Jamaica is taking steps to increase its voice in the Caribbean on matters relating to the financial sector.
WASHINGTON – The International Monetary Fund has upgraded its economic outlook for the United States in 2018 and foresees a strong year for the global economy as well. But its chief economist warns that the prospect of an escalating trade conflict “threatens to undermine confidence and derail global growth prematurely.”The IMF predicts that the U.S. economy will grow 2.9 per cent this year, up from the 2.7 per cent it had forecast in January and up from the 2.3 per cent growth the economy achieved last year. The U.S. economy will enjoy a boost through 2020 from tax cuts President Donald Trump signed into law in December, the IMF predicts.The lending agency kept its forecast for worldwide growth this year at 3.9 per cent, which would be its fastest pace since 2011.
BUCHAREST, Romania — Austrian Chancellor Sebastian Kurz has suggested that foreign companies could pull out of Romania after the government unveiled a surprise plan to levy extra taxes on banks and energy companies.Kurz was visiting Romania Friday before it takes over the European Union’s rotating presidency on Jan. 1. He said Austrian companies could “take their things and leave,” adding the measures could lead to job losses and price hikes, or deter investors.The message will be embarrassing for Prime Minister Viorica Dancila as the country prepares to take over the presidency from Austria.Finance Minister Eugen Teodorovici on Tuesday presented measures to remedy a fiscal shortfall that risked exceeding the EU’s limit of 3 per cent of GDP.The Romanian stock exchange dipped to a 10-year low after taxes on energy and telecommunication companies were announced.The Associated Press
UPDATE – The RCMP has provided the following update on the collision. The collision happened at around 2 a.m. The single-vehicle rollover involved a semi-trucking hauling LNG. There are no reports of any leaks and the public is advised that the trucking company will be flaring the natural gas and Highway 97 near Halfway River/Inga Lake Area will be open to single lane alternating traffic for at least the next 24 hours.The driver of the semi suffered serious injuries and was transported to the Fort St. John Hospital. Police believe the injuries are non-life threatening.FORT ST. JOHN, B.C. – The Fort St. John RCMP has issued a travel warning this morning, August 12, for Highway 97. According to RCMP, if you are travelling north to Fort Nelson on Highway 97, you can expect delays near the Halfway River turn off as there is single lane alternating traffic due to a tanker truck rollover.RCMP say traffic could remain down to one lane for the next 24 hours as crews clean up the scene.We will continue to provide updates to this incident as information is released.For up-to-date travel information, you can visit DriveBC.ca.Travel Warning: If you are heading north to Fort Nelson, Hwy 97 near Halfway River Turn off will have single alternating traffic due to tanker truck roll over estimated for next 24 hours.— Fort St John RCMP (@FortStJohnRCMP) August 12, 2019
New Delhi: In association with Flipkart, Japanese brand JVC on Tuesday launched six new smart LED TVs in India starting at Rs 16,999. The product suite includes 4K “Ultra HD” intelligent smart TVs and “Full HD” smart LED TVs available in four screen sizes — 40-inch, 43-inch, 49-inch and 55-inch. The TVs come equipped with features such as “Quantum Backlit Technology”, Miracast support, and more than 500 licensed applications and up to 1 million hours of content to view, JVC said. Also Read – Swiggy now in 500 Indian cities, targets 100 more this year The products will be available on Flipkart from April 6. “The need and hunger for content in the smart TVs is increasing day by day and we assure our customers of providing the largest app base as well as inbuilt content in today’s times in these smart TVs,” Sharan Maini, Director – Business Development at JVC India, said in a statement. JVC entered India in partnership with Veira Group, an original equipment manufacturer (OEM) for consumer durables in India, in association with Flipkart. Viera Group said it currently has its manufacturing unit in Noida having a capacity of up to one million units per annum.
It took the Ohio State men’s lacrosse team a while to get going, but once it did, it never looked back. The Buckeyes beat the Detroit Titans, 14-8, in Saturday’s season opener at the Woody Hayes Athletic Center. Following the trend that started during preseason play, OSU went into an offensive hibernation for about 10 minutes during the first period and allowed Detroit to take a 3-1 lead. “We kind of let up a bit on the offensive end,” said senior attacker and co-captain Logan Schuss. “We didn’t make some of the opportunities we had, but overall we got into our offense and that’s what coach wanted.” The Buckeyes trailed 3-2 at the end of the first period but managed to come back during the second period, outscoring Detroit, 4-3. Heading into the locker room at halftime tied 6-6, OSU coach Nick Myers said he knew he had to say something to get his team going against a talented Detroit team. “I told them to take a deep breath. It’s 30 minutes left, it’s 0-0,” Myers said. “It’s not the first half that we intended to play, so let’s go out there and play the second half the way we know we can.” The Buckeyes kept up their second period pace during the third and fourth periods, out-scoring Detroit 8-2 en route to the victory. OSU improved its all-time record against Detroit to 5-0, all under Myers. OSU also remains undefeated at the Woody Hayes Athletic Center with the win, with 11 wins and no losses all-time. Schuss had a career day, tying a career high with seven goals and setting a new career high of 10 points in one game. Myers, though, wasn’t surprised. “His job is to score goals. I know Logan would like to have two or three more goals to be honest with you,” Myers said. “If we are going to get him scoring opportunities, he’s going to take care of them. He’s done that for four years for us, it’s a good start for him and we’re going to build on it.” Freshman attacker Tyler Pfister, who scored two goals in his regular season debut for the Buckeyes, said he was encouraged by the teamwork showed during the match. “I think sometimes it’s just us being ourselves. I think we showed today that we can play cohesively. We know our strengths and we can play to them,” Pfister said. OSU is set to travel to Jacksonville, Fla., on Sunday to take on Jacksonville University at 3:15 p.m. in the Moe’s Southwest Grill Classic.
Callum Hudson-Odoi hopes his excellent performance in Chelsea’s 2-0 FA Cup triumph over Nottingham Forest will earn him more starts in the team.Hudson-Odoi, 18, provided assists for both of Alvaro Morata’s second-half goals after Cesc Fabregas missed a first-half penalty for the Blues.Chelsea reportedly rejected a £20million offer from Bayern for the winger’s services despite making a cameo appearance in the EPL all season.When asked whether his display might help him break into Sarri’s team, Hudson-Odoi told FourFourTwo via BeIN Sports: “Hopefully, hopefully. You never know.Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…“I feel really proud to get opportunity to play and help the team get the win we deserved.“We played really well, our mentality was strong and we deserved the win that we got. Alvaro did really well getting the goals and we all worked hard as a team and we deserved the win.”“If we don’t score we keep going and keep pushing until we do. I think the way we played showed the desire to keep pushing and the chances were coming,” said Hudson-Odoi. “We’ve just got to be patient sometimes.“Hopefully today showed why we’re doing really well. I’m proud to make history but it’s not just about myself it’s about the team as well.”