Standard Chartered Bank Limited (SCBK.ke) 2019 Presentation

first_imgStandard Chartered Bank Limited (SCBK.ke) listed on the Nairobi Securities Exchange under the Banking sector has released it’s 2019 presentation For more information about Standard Chartered Bank Limited (SCBK.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Standard Chartered Bank Limited (SCBK.ke) company page on AfricanFinancials.Document: Standard Chartered Bank Limited (SCBK.ke)  2019 presentation Company ProfileStandard Chartered Bank Limited is a financial services institution in Kenya offering banking products and services to the personal, commercial and corporate sectors. The financial institution is a subsidiary of Standard Chartered Bank Limited and has a presence in Asia, Africa, the Middle East, Europe and the Americas. The company offers a full-service offering ranging from transactional banking to loans, mortgages, insurance and investments, asset management and treasury services. Formerly known as The Chartered Bank, the company changed its name to Standard Chartered Bank in 1969. The former company was founded in 1853 and is headquartered in London, United Kingdom. Standard Chartered Bank Limited’s head office is in Nairobi, Kenya. Standard Chartered Bank Limited is listed on the Nairobi Securities Exchangelast_img read more

3 reasons why I’d ditch buy-to-let property and follow this strategy to retire early

first_imgSimply click below to discover how you can take advantage of this. Image source: Getty Images. “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Peter Stephens | Saturday, 25th January, 2020 I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares Enter Your Email Address 3 reasons why I’d ditch buy-to-let property and follow this strategy to retire early Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. With house prices having risen significantly since the financial crisis, there may be less scope to generate capital growth from buy-to-let investments.However, that’s just one reason why now may be the right time to focus on the stock market. Other factors include changing tax rules and the appeal of a wide range of FTSE 350 shares.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As such, for investors who wish to retire early, now may be an opportune moment to ditch buy-to-let property and instead focus on mid and large-cap shares.High pricesHouse prices have been high for many years, but could now experience a period of slower growth. Chief among the reasons for this is a lack of affordability. The ratio of house prices to incomes in the UK is close to a record high, and history shows this level is unlikely to be sustained in the long run.One factor which could prompt a period of slower growth for house prices is rising interest rates. Although they’re not expected to increase rapidly, and could even fall in the short run, even a modest increase over the coming years could cause house price affordability to decline. Should government policies such as Help to Buy also negatively impact on affordability when they’re eventually removed, the prospects for landlords could be relatively downbeat.Tax changesBuying a property has always been expensive. Costs such as solicitor fees and stamp duty have meant property investors have required a large amount of capital to add new assets to their portfolios.However, the 3% additional stamp duty charged on the purchase of second homes makes the cost of buying a property even more expensive. It will cause the returns for landlords to be lower than they otherwise would be, while changes to the offsetting of mortgage interest against rental income could do likewise.By contrast, investing in shares is highly tax-efficient. Investing through a Stocks and Shares ISA, for example, avoids dividend and capital gains tax, while withdrawals can be made at any time. As such, the tax bill for a FTSE 350 investor is likely to be considerably lower than for a buy-to-let investor. This could mean the former’s net returns beat those of the latter in the coming years.Investing opportunityAs well as buy-to-let being less appealing than it has been in the past, the stock market also appears to be more attractive than in recent years. The FTSE 350, for example, contains a number of stocks that trade on low valuations compared to their historic averages. And with them exposed to fast-growing economies, such as those across the emerging world in many cases, they may be able to deliver surprisingly strong growth performances in the long run.As such, now could be the right time to avoid buy-to-let properties and buy FTSE 350 shares. It could help to bring your retirement date a step closer. See all posts by Peter Stephenslast_img read more

Will the Tullow Oil share price recover in 2021?

first_imgSimply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Zaven Boyrazian Enter Your Email Address Zaven Boyrazian does not own shares in Tullow Oil. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Zaven Boyrazian | Tuesday, 16th March, 2021 | More on: TLW The Tullow Oil (LSE:TLW) share price has been on fire these past 12 months, increasing from 11p all the way to 57.5p today. That’s a rise of over 400%! Is this a sign that the stock is finally recovering from its mishaps of 2019? And should I be adding the business to my portfolio? Let’s take a look. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Why did the Tullow Oil share price crash in 2019?Tullow Oil is an exploration and production company for crude oil. Its share price suffered a major hit towards the end of 2019 that was only exacerbated by the pandemic. So what happened?5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…This seems to be a classic case of over-expectations by the management team. In the months leading up to the share price crash, the company had been hyping up two new oil fields in Guyana. What was supposed to be a dream discovery that would re-risk the petroleum system in the area quickly turned into a nightmare.After further analysis, Tullow Oil discovered that both sites were contaminated with heavy oil. Why does that matter? Heavy oil is a highly viscous material, meaning it cannot easily flow to production wells under normal conditions. Therefore, drilling and extracting the tar-like substance is exceptionally difficult, which questions the financial viability of both these sites.Then the pandemic created significant disruption for the entire oil industry and triggered a sharp decline in oil prices. Combining that with the heavy oil discovery resulted in the Tullow Oil share price plummeting by 95% between October 2019 and March 2020 – the largest drop in over two decades.The road to recoveryIn its 2020 full-year results, the pandemic’s impact on the business was made pretty clear. Total revenue fell by 19%, and the company reported a loss of $1.22bn. What’s more, due to a planned shutdown at one of its main sites, the total production forecast for 2021 fell to between 60,000 and 66,000 barrels for 2021. By comparison, 74,900 barrels were produced in 2020.But there’s reason to be optimistic about the future. The reported loss wasn’t as big as 2019’s $1.69bn, and the firm’s debt levels are falling thanks to ongoing negotiations with its creditors. Also, oil prices are now back to nearly $70/barrel as travel restrictions are beginning to ease. And the management team has noted that its assets in West Africa are expected to significantly boost production as of 2022. Overall, this is undoubtedly good news for Tullow Oil, and consequently, its share price has returned to pre-pandemic levels. However, there is still a long way to go before completely recovering.The bottom linePersonally, I think the Tullow Oil share price is already on track to return to 2019 levels. But due to the reduced production forecasts, this recovery will likely be a multi-year process.For now, I’m going to wait and see how things develop throughout 2021, so I’m not adding the stock to my portfolio today. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” Will the Tullow Oil share price recover in 2021?last_img read more

Will Lloyds pay a dividend in 2021?

first_imgWill Lloyds pay a dividend in 2021? Get the full details on this £5 stock now – while your report is free. FREE REPORT: Why this £5 stock could be set to surge Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Edward Sheldon, CFA | Thursday, 6th May, 2021 | More on: LLOY I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Sharescenter_img Simply click below to discover how you can take advantage of this. Edward Sheldon owns shares in Lloyds Banking Group. The Motley Fool UK has recommended Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Lloyds Banking Group (LSE: LLOY) has paid its shareholders some big dividends in recent years. Last year, however, the FTSE 100 bank was forced to suspend its dividend by the Bank of England. The regulator wanted to ensure that UK banks had enough capital on hand to support the economy during the coronavirus pandemic.Will Lloyds pay a dividend in 2021? Let’s take a look at what the company has said about its distributions going forward.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Will Lloyds’ dividend make a comeback in 2021?In Lloyds’ full-year results for 2020, posted in late February, the bank advised that its board had recommended a final ordinary dividend of 0.57p per share for 2020. This was the maximum allowed under the Bank of England’s guidelines.This dividend is set to be paid on 25 May 2021, which is only a few weeks away now. The ex-dividend date for this was 15 April 2021. A stock’s ex-dividend date is the day on which all shares bought no longer come with the right to be paid the most recently declared dividend. In other words, to receive this dividend from Lloyds, investors had to hold the stock on 14 April.In its full-year results, Lloyds also said that its intention is to accrue dividends and resume a progressive and sustainable ordinary dividend policy in the future.2021 dividend policyMore recently, in its trading update for the first quarter of 2021, Lloyds advised that it still intends to resume this ordinary dividend policy. It also said it expects the dividend this year to be at a higher level than 2020.However, right now, Lloyds is still restricted by the Bank of England’s policy on bank dividends. It’s waiting for the regulator to transition back to its standard approach to capital setting and shareholder distributions. This is expected to occur at some stage during 2021 (possibly in the next few months). Under this framework, bank boards are responsible for making distribution decisions.Lloyds has said that it will update the market on interim dividend payments with the half-year results, subsequent to reviewing the Bank of England’s update on distributions. This is expected ahead of the half-year results reporting cycle for the large UK banks.Lloyds’ dividend forecast 2021As for the dividend forecasts for Lloyds shares, the consensus forecast for 2021 is currently 1.74p per share. Meanwhile, the consensus forecast for FY22 is 2.29p per share. At the current share price, these forecasts equate to yields of 3.8% and 5% respectively.It’s important to remember that these are just forecasts, though. Sometimes, analysts’ views can be way off the mark.The final word In summary, Lloyds is going to pay dividends in 2021. Shareholders can expect to receive their first payout of 0.57p per share on 25 May 2021.However, beyond that, we don’t have much clarity in relation to Lloyds’ dividend. Payouts are likely to depend on a few factors including its level of profitability as the UK economy recovers from Covid-19, and rules set by the Bank of England. And as always with dividends, payouts are never guaranteed.  Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Enter Your Email Address See all posts by Edward Sheldon, CFAlast_img read more

235 Van Buren / Perkins+Will

first_img Year:  “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/96331/235-van-buren-perkins-will Clipboard 235 Van Buren / Perkins+Will Photographs Residential Architecture “COPY” Architects: Perkins&Will Area Area of this architecture project Photographs:  James SteinkampText description provided by the architects. Located in the South Loop neighborhood of downtown Chicago, 235 Van Buren is a residential tower designed to work as a transition between the more commercial developments to the north and the residential and mixed-use developments to the south. It is also a response to two site conditions. The first condition, to the north, is the densely infilled context of the Chicago “Loop.” The second condition, to the south, is an open space created by a freeway and traffic interchange which also contains a small park.Drawings and photographs of 235 Van Buren following the break. Save this picture!© James SteinkampRecommended ProductsPorcelain StonewareApavisaSlabs – ConcretePorcelain StonewareApariciPorcelain Tiles – BrickworkPorcelain StonewareGrespaniaPorcelain Tiles – 20MMThe articulation of the two masses is distinctly different to respond to these two conditions. The southern glass façade and random balconies provide a large-scale backdrop to the open space created by a major traffic interchange. A ribbon of concrete frames the glass wall, undulating to define the penthouse units and providing a large-scale gesture to the expressway as well as the taller buildings to the north. The random balconies express the individuality of the units within, as well as provide a kinetic image from the freeway. Save this picture!© James SteinkampThe northern façade is a flush grid of rectangular openings with inset balconies. This gesture relates the building back to the historic Chicago Loop and the frame-expressed architecture of the “Chicago School.”The overall mass of the building is broken down by dividing the tower into two slabs. This concept reduces the scale of the building, provides an urban space at the street corner which relates to the existing plaza on the opposite corner and pronounces the entry to the residences. Making the two slabs different heights also provides relief at the top of the building, enlivening it among the taller office towers in the vicinity.Project gallerySee allShow lessBastyr University Student Village / CollinsWoermanArticlesEvolutive Means Exhibition / Chandler Ahrens, John Carpenter, Michael W. Su, Axel Sc…ArticlesProject locationAddress:235 West Van Buren Street, Chicago, IL 60607, USALocation to be used only as a reference. It could indicate city/country but not exact address. Share CopyAbout this officePerkins and WillOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureChicagoResidentialMixed UseUnited StatesPublished on December 17, 2010Cite: “235 Van Buren / Perkins+Will” 17 Dec 2010. ArchDaily. Accessed 12 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogHandshowerhansgroheHand ShowersVinyl Walls3MVinyl Finish- DI-NOC™ Glass FinishPartitionsSkyfoldIntegrating Operable Walls in a SpaceCommunications2NIntercom – 2N® IP VersoCurtain WallsIsland Exterior FabricatorsPace Gallery Envelope SystemMetal PanelsTrimoModular Metal Wall – Qbiss OneConcreteSika3D Concrete PrintingMetal PanelsLorin IndustriesAnodized Aluminum – Gun Metal Grey with Arconic Tectur-Al™GlassDip-TechCeramic Printing for Public TransportationBeams / PillarsBlumer LehmannTimber Construction in Cambridge MosquePorcelain StonewareCeramiche KeopeCeramic Tiles – 9Cento MosaicTiles / Mosaic / GresiteRakoFloor and Wall Tiles – Serie PiazzettaMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream 235 Van Buren / Perkins+WillSave this projectSave235 Van Buren / Perkins+Will Area:  740000 m² Year Completion year of this architecture project Save this picture!© James Steinkamp+ 13 Share 2009 Projects United States ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/96331/235-van-buren-perkins-will Clipboard CopyResidential Architecture•Chicago, United States ArchDailylast_img read more

The Waterfront / AART Architects + Kraftværk

first_imgCopyHousing•Stavanger, Norway Architects: AART Architects, Kraftværk Area Area of this architecture project 2015 ArchDaily The Waterfront / AART Architects + Kraftværk ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/636279/the-waterfront-aart-architects-kraftvaerk Clipboard 2015 Norway Photographs Housing Area:  19500 m² Area:  19500 m² Year Completion year of this architecture project Year:  The Waterfront / AART Architects + KraftværkSave this projectSaveThe Waterfront / AART Architects + Kraftværk “COPY” Projects “COPY” Save this picture!© Adam Mørk+ 34 Share photographs:  Adam MørkPhotographs:  Adam MørkSave this picture!© Adam MørkRecommended ProductsWoodBlumer LehmannFree Form Structures for Wood ProjectsWoodTechnowoodPergola SystemsFiber Cements / CementsULMA Architectural SolutionsPaper Facade Panel in Leioa School RestorationWoodEGGERLaminatesText description provided by the architects. Designed as one of the largest wooden residential developments in Europe, the Waterfront (in Norwegian ‘Vannkanten’) positions Stavanger as a pioneer city in the field of modern wooden architecture. Stavanger has the highest concentration of wooden architecture in Northern Europe, and the vision behind the Waterfront is thus to create an iconic and vibrant development, expressing a local identity and a global vision.Save this picture!© Adam MørkThe Waterfront includes 128 freehold flats (ranging from 44 to 225 m2) as well as shops and cafes along the promenade. The lower flats are designed as single storied flats, while the upper flats are designed as duplexes, offering a compelling spatiality and magnificent view of the sea. All of the flats are lit from both sides in order to provide a comfortable atmosphere and utilize the captivating view of the sea and the city.Save this picture!© Adam MørkThe freehold flats of varying size, shape and height promote a diversity of life styles, enriching everyday life and the social interaction between different people. This social ambition also manifests itself in the cafes along the promenade, the many public squares and the large communal room on the first floor in the centre of the building complex, overlooking the community square, the promenade and the sea.Save this picture!First Floor PlanThe vibrant atmosphere is enhanced by the persistent irregularity of lines and volumes that shape the Waterfront’s wooden architecture.Save this picture!© Adam MørkFurthermore, the daring angular volumes are moulded in relation to the wind and the sun for the purpose of creating a dynamic play of light and shadow during the day. In this way, the development systematically uses the energy from the sun to reduce the demand for energy, while the slanting roof surfaces create optimal lighting conditions by bringing sunlight into the public squares and freehold flats.Save this picture!© Adam MørkProject gallerySee allShow lessD. Diogo de Menezes Square / Miguel Arruda Arquitectos AssociadosSelected ProjectsHabitia H-Club / IDIN ArchitectsSelected ProjectsProject locationAddress:Stavanger, NorwayLocation to be used only as a reference. It could indicate city/country but not exact address. Share Year:  ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/636279/the-waterfront-aart-architects-kraftvaerk Clipboard CopyAbout this officeAART ArchitectsOfficeFollowKraftværkOfficeFollowProductsWoodConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingStavangerHousingResidentialNorwayPublished on June 07, 2015Cite: “The Waterfront / AART Architects + Kraftværk” 07 Jun 2015. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Read commentsBrowse the CatalogVentilated / Double Skin FacadeTechnowoodClick Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisOxidized Copper: Nordic BrownAcousticKvadrat AcousticsAcoustic Panel System in AMOREPACIFIC HeadquartersStonesCosentinoSilestone® Surfaces – Loft SeriesWoodLunawoodThermo Timber and Industrial ThermowoodLightsLouis PoulsenOutdoor Lighting – Flindt PlazaTiles / Mosaic / GresiteLove TilesPorcelain Tiles – NestAluminium CompositesMetawellAluminum Panels for Interior DesignMetallicsRHEINZINKZinc Roof Systems – Double Lock Standing SeamStoolsWilkhahnOffice Stool – Aline-SBulbs / Spots / Wall LightsUniosHorticultural Luminaire – Kobe FloMore products »Read commentsSave世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

South African coal miners go on strike

first_imgSome 30,000 South African coal miners downed their tools on Oct. 4 over a wage dispute.This strike was organized by the National Union of Mineworkers (NUM), a key affiliate of the Congress of South African Trade Unions, which is an ally of the ruling African National Congress (ANC) party.NUM has blamed the mining firm bosses for the failure to reach an agreement acceptable to their rank and file. The owners submitted another offer on Oct. 9, a day after negotiations had broken down.According to Peter Bailey, chief coal negotiator for NUM, “This morning, when we were supposed to reconvene, there was one outstanding company which has done nothing and that is Glencore. They are the ones holding the whole process to ransom.” (Reuters, Oct. 9)The same Reuters article noted in the disagreements between the workers and the bosses, “The Chamber of Mines said last week that coal producers had offered to increase wages by up to 8.5 percent for the lowest paid workers, up from a previous offer of 8 percent. The NUM has rejected both offers. The union had been seeking a 50 percent rise for its lowest paid workers, who make about 6,000 rand ($445) a month in basic pay, but has since scaled that back to a demand of 1,000 rand, or an increase of about 17 percent.”The workers have walked off the jobs at mines run by Glencore, Anglo American, Exxaro and some smaller producers, threatening supplies of coal to the government-run power utility Eskom. South Africa, the most industrialized state on the continent, has been plagued by power shortages. The economy relies heavily on coal for its power generation, and South Africa is a major exporter to Europe and Asia.South African Business Day Live website noted: “A resolution to the standoff on a two-year wage agreement would be good news for coal companies, whose margins are being squeezed by weak global coal prices. … Eskom has said it has enough stockpiles for its coal-fired power stations to withstand a one-to-two-month strike but not if the strike lasted longer.” (Oct. 12)Two traditionally white-dominated unions in the coal sector, Solidarity and the United Association of South Africa, accepted the owner’s offer on Sept. 14. NUM, however, represents 72 percent of the workers in the coal mines, most of them African.This industrial action is taking place amid an economic slump in South Africa, a cause for concern for the ruling ANC government of President Jacob Zuma. With commodity prices declining worldwide, South Africa, along with other so-called “emerging economies,” is experiencing similar problems because of dependence on the generation of foreign exchange through exports of minerals and oil.Other workers threaten to strikeA rival labor group, the Association of Miners and Construction Workers, is threatening to strike in the gold mines.On Oct. 11, AMCU took a strike vote at the Sibanye facilities, although leaders claim they will not walk out until negotiating possibilities have been exhausted. AMCU has its largest membership at Sibanye; none of the unions at the mine have an outright majority.“Today all the members of AMCU have agreed overwhelmingly that we are prepared to go on a protected strike in pursuit of the living wage at AngloGold Ashanti, Harmony Gold Mining and Sibanye Gold,” union President Joseph Mathunjwa told media outlets after a rally outside Johannesburg on Oct. 11. (Independent Online, Oct. 12)But he added that an immediate strike would seriously divide the workforce, saying, “If we would strike now, we would be divided. Because others will complain that if it’s December, they have to go home. Others will say they have to budget to pay for their children’s school uniform.”NUM, Solidarity and the United Association of South Africa signed a three-year pay agreement with AngloGold Ashanti and Harmony on Oct. 2. Nonetheless, AMCU was issued a certificate of nonresolution by the Council for Conciliation, Mediation and Arbitration.Mine owners intend to take legal action against AMCU if they proceed with a strike in an attempt to have any work stoppage declared unprotected. AMCU’s lack of a majority representation will be used by the bosses to try to win an injunction forcing the union members back to work.South Africa’s gold output has fallen 39 percent from a June 2011 high, and the largest firms, whose mines are the deepest and among the oldest globally, say they are losing money on about 35 percent of production at current price levels.Platinum production declinesSouth Africa is the world’s largest source of platinum. Its production has been down overall this year.In 2014, AMCU led the longest strike in the history of the mining industry, resulting in lower production and slowing of growth inside the country.It was in the platinum sector that the Marikana strike took place in August 2012, leading to the deaths of more than 11 union organizers and workers who were killed in internecine conflicts between supporters of NUM and AMCU. During the strike, the Northwest provincial police carried out a massacre of miners on Aug. 16; 34 were killed and many other injured.The International Monetary Fund recently released its forecast for growth in South Africa, saying there was the potential for a 1.4 percent increase in 2015, revising downward its previous prediction of 2 percent. IMF officials also warned that in 2016, the growth rate would be 1.3 percent, revising an earlier forecast of 2.1 percent.A World Bank report examining the potential for economic growth in South Africa and throughout the continent as a whole also scaled back growth figures for 2015 and 2016. It predicted a 1.5 percent growth rate for 2015 and 1.7 percent for the following year. Rates for sub-Saharan Africa were forecast to decline from 4.6 percent in 2014 to 3.7 percent for 2015, the lowest since 2009.Predictions of slower growth indicate that Africa would be the only developing region to fall below the United Nations global poverty reduction goals.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

Hoosier Agriculture Connections to New White House may go Beyond Pence

first_img By Andy Eubank – Nov 9, 2016 hoosiers-to-dcMike Pence and Donald TrumpThe Indiana connection to the Trump White House may not end with VP-elect Mike Pence, current Indiana Governor. Several with agriculture ties are being talked about as possible cabinet picks, like Forrest Lucas of Lucas Oil and Protect the Harvest. According to Politico.com, he is being seriously considered for Interior Secretary. The online destination also mentions five Hoosiers as possible ag secretary candidates, including former Indiana Farm Bureau president Don Villwock. Bob Young with American Farm Bureau mentioned his name Wednesday morning.Jon Doggett-Bob Young-Roger Johnson“A number of governors on that list, Brandstad (Terry-Iowa) being one. You’ve got a number of other state directors of agriculture on the list. We’ve got a former state Farm Bureau president on that list, Don Villwock. Any number of these folks would be wonderful individuals to participate from this list of 70 folks from his (Trump’s) ag council.”Politico also names Mike McCloskey from Fair Oaks Farms, Chuck Conner from Benton County, northern Indiana farmer Kip Tom and Ted McKinney as possible ag secretary selections. McKinney is the current director at the Indiana State Department of Agriculture, and Connor is a former deputy and acting secretary at USDA during the George W. Bush years. He is now the president and CEO of the National Council of Farmer Cooperatives.Young from American Farm Bureau joined others, including Roger Johnson from the National Farmers Union on an agriculture panel reacting to the election. They were asked if Congress would vote on TPP during the lame duck session.“I don’t think so,” said Johnson. “Had Hillary been elected odds would have been better, but even those were difficult. But with Trump I just don’t see it happening.”Young added it was “very unlikely. Like any good prognosticator you try to hedge and if this last day didn’t give you a reason to say you better hedge, but I think very unlikely that it comes up in lame duck. We would very much like to see it happen but I just think it is very unlikely at this stage of the game.”The panel at the National Association of Farm Broadcasting convention in Kansas City all agreed that there are many unknowns ahead with this new administration, politically and for agriculture. Home Indiana Agriculture News Hoosier Agriculture Connections to New White House may go Beyond Pence Facebook Twitter Facebook Twitter Previous articleCrop Insurance Claims in 2016Next articleMorning Outlook Andy Eubank SHARE Hoosier Agriculture Connections to New White House may go Beyond Pence SHARElast_img read more

EPA Releases Guidance on Air Emissions

first_img SHARE Facebook Twitter The Environmental Protection Agency released guidance to help farmers report the release of hazardous air emissions from animal waste at their farms. The EPA made the information available to aid farmers in preparing for the reporting deadline, which is November 15. EPA Administrator Scott Pruitt says his agency is working on addressing the undue regulatory burden on American farmers. “While we examine our options regarding reporting requirements for emissions from animal waste,” Pruitt says, “the guidance is intended to help farmers with current requirements.” It was back on April 11 that the D.C. Circuit Court vacated the rule that gave farmers exemptions from reporting air releases of hazardous materials from animal waste. Unless the Court allows further delays, all farms that have hazardous releases into the air from animal waste equal to or greater than the minimum reportable quantities of those materials in the same 24-hour period, must report those releases.The EPA guidance information, available on its website, includes resources to help farmers calculate emissions from each species of livestock.Source: NAFB News Service By NAFB News Service – Oct 29, 2017 Facebook Twitter Home Indiana Agriculture News EPA Releases Guidance on Air Emissions SHARE Previous article 2017-18 National FFA Officer Team Elected at 90th National FFA Convention & ExpoNext articleFarm Credit Mid-America Announces Board of Directors Election Results NAFB News Service EPA Releases Guidance on Air Emissionslast_img read more

Taiwanese president receives RSF’s secretary-general

first_img July 17, 2017 – Updated on July 26, 2017 Taiwanese president receives RSF’s secretary-general TaiwanAsia – Pacific Christophe Deloire, the secretary-general of Reporters Without Borders (RSF), and two members of RSF’s Emeritus Board, Nobel peace laureate Shirin Ebadi and Chinese pro-democracy activist Wu’er Kaixi, were received today by Taiwanese President Tsai Ing-wen. Organisation Taiwan: the non-renewal of CTi news channel’s licence does not go against press freedom May 18, 2020 Find out more November 20, 2020 Find out more TaiwanAsia – Pacific News Nearly half of UN member countries have obstructed coronavirus coverage June 29, 2020 Find out more to go further President Tsai said she regarded the opening of an RSF bureau in Taipei as “very positive” while Deloire urged her administration to develop and promote its media freedom model.Deloire also hailed the fact that Tsai, alone among international leaders, had offered her condolences when jailed Chinese Nobel peace laureate Liu Xiaobo died last week and that she had encouraged the Chinese people to pursue their dream of democracy.“Taiwan, which is celebrating the 30th anniversary of the lifting of martial law, is ranked No. 1 in Asia in the World Press Freedom Index,” Deloire said. “We hope this ‘freedom laboratory’ will be an example for the rest of the continent, amid a global decline in media freedom. To this end, Taiwan must resist violations of the independence of its journalists, especially those carried out under Beijing’s influence, and must improve its legislation.”As well as Shirin Ebadi, an Iranian human rights defender who was awarded the Nobel Peace Prize in 2003, and Wu’er Kaixi, one of the leaders of the 1989 Tiananmen protests, the RSF delegation includes Cédric Alviani, the head of RSF’s new Taipei bureau.The delegation was also received by Taiwanese foreign minister Tawei Lee, deputy culture minister Hsiao-Ching Ting, parliamentarians and representatives of local civil rights and human rights groups.RSF’s Taipei bureau, its first in Asia, covers China, Hong Kong, Taiwan, Japan, North Korea, South Korea and Mongolia. RSF opened it in April in order to respond to the challenges for media freedom in a region with growing international influence. The decision to locate it in Taipei took account of Taiwan’s 45th ranking in RSF’s World Press Freedom Index, the highest of any Asia nation.RSF is an independent international NGO that has consultative status with the UN and UNESCO. Created more than 30 years ago, it has its headquarters in Paris, it has 12 bureaux and sections (Berlin, Brussels, Geneva, Helsinki, London, Madrid, Rio de Janeiro, Stockholm, Tunis, Taipei, Vienna and Washington), and it has a network of correspondents in 130 countries. News Follow the news on Taiwan News Help by sharing this information Receive email alerts RSF_en News RSF to Taiwanese President: “Taiwan urgently needs media reform to tackle disinformation”last_img read more