first_imgThe 18-year-old duo of Shavron Williams of Lot 2 Meadow Bank, East Bank Demerara and Trevor Williams of Lot 16 Rahaman’s Park, Georgetown appeared on Friday before Georgetown Magistrate Leron Daly, charged for larceny.The Prosecution is contending that between December 1 and 2, at Rahaman’s Park, they stole nine ratchet shafts valued $180,000, property of Neil Rahaman. This act caused the 70-foot Christmas tree that was strapped with the ratchet shafts to collapse.On December 2, at about 11:00h, the Christmas tree located at Rahaman’s Park fell onto the roadway, causing a traffic jam in the East Bank of Demerara.The fishery employees denied the charge when it was read to them by Magistrate Leron Daly, and were each placed on bail in the sum of $75,000. Their case has been set for January 10, 2018.last_img read more


first_imgOAKLAND – The Warriors have plenty of time to recover. But do they have too much time to prepare?The Warriors are currently wrestling with that first-world problem. Before, it entailed how to mix five All-Stars together in the starting lineup. And now, it entails how the Warriors use their seven days before they play in Game 1 of the NBA Finals beginning on May 30. The kicker: the Warriors do not know yet whether they will play the Toronto Raptors or the Milwaukee Bucks.“We won’t prepare …last_img read more


first_img14 October 2005South African mining giants Anglo American and Kumba Resources have announced a major black economic empowerment (BEE) deal establishing the country’s largest wholly black owned, controlled and managed company, valued at some R16-billion.The transaction, announced on Thursday, will see the partial separation of Kumba’s iron ore assets from its non-iron assets into Kumba Iron Ore, a new company, and Newco, the reconstituted Kumba Resources in terms of the transaction.The deal will establish Newco as South Africa’s flagship empowerment mining company with an enterprise value of R16-billion. Newco will be controlled by broad-based BEE groups via BEE Holdco, a black-controlled company holding 55% of Newco.The South African Women in Mining Association will have a 17.8% effective and fully funded interest in BEE Holdco.Newco will be a diversified mining company well positioned strategically and financially to take advantage of growth opportunities in the mining sector in SA, Africa and globally, the companies said.Anglo American will retain a residual stake in Newco as a demonstration of its long-term commitment to the company. Newco will also acquire the entire issued share capital of Eyesizwe Coal from Eyesizwe Mining and the other shareholders. The shareholders will use most of the cash received to subscribe for shares in BEE Holdco.Kumba Iron Ore will be listed on the JSE with an enterprise value of some R14-billion which, through unbundling iron ore assets to all existing Kumba Resources shareholders, will hold the majority of Kumba Resources’ South African iron ore assets through Sishen Iron Ore Company, with Newco retaining a 20% stake in Sishen.“This transformational transaction, daring in its boldness and scale, creates two separate, sizeable and sustainable listed empowered companies,” said Lazarus Zim, CEO of Anglo American South Africa. “These new entities will be value accretive, breaking new ground in transformation and meeting the needs of stakeholders at every level.”Con Fauconnier, CEO of Kumba Resources, said the deal had been planned for some time.“Ever since Kumba Resources came into existence, Kumba has been exploring ways of creating a sustainable empowerment transaction reflective of South Africa’s demographics,” he said. “Today, Kumba has come of age,and through our symbiotic relationship with Eyesizwe we have created South Africa’s flagship empowerment company.”The transaction was hailed by Sipho Nkosi, chief executive of Eyesizwe Mining.“It is creating winners at every level – from the country that hosts the resources to the people that extract them to the communities that benefit,” Nkosi said.“The joining of Kumba and Eyesizwe represents a new force in South African mining: a R16-billion company with an exceptionally broad base of empowerment shareholders and the ideal vehicle to accelerate sectoral growth and development in South Africa.”Pinkie Ncetezo, chairperson of Basadi Ba Kopane, welcomed the significant element of participation by women’s groups in the transaction.“True transformation and broad-based empowerment addresses gender issues and community participation and we are confident that as partners going forward these two vital attributes will be achieved,” Ncetezo said. “We have the right calibre of women’s groupings in this transaction to hold the torch for other women to follow.”The deals are subject to the completion of satisfactory due diligence reviews, the requisite legal and funding agreements, regulatory and shareholder approval.SouthAfrica.info reporterlast_img read more


first_imgTags:#mobile#RIM Related Posts Role of Mobile App Analytics In-App Engagement Why IoT Apps are Eating Device Interfaces Developers can integrate the new service into their existing or new applications by using the Payment Service software development kit (SDK) available here. The SDK lets developers determine “when and where the purchase experience will occur,” says RIM, without leaving the app.There are a few caveats to using the new SDK: the app must be distributed through BlackBerry App World, and that means RIM’s same revenue-sharing agreement applies here as it would if you were selling a paid application. That’s all par for the course these days, however.Along with the SDK, RIM also provides a vendor portal in BlackBerry App World so developers can track both their app sales and the digital goods in one location.For end user, the new Payments service means they can purchase apps using their BlackBerry ID, and can pay with a credit card, PayPal or carrier billing.To learn more about the SDK and how it works, check out the documentation here. To download the SDK (Beta 1), go here instead. The Rise and Rise of Mobile Payment Technology Research in Motion (RIM) has just announced that its mobile application store, BlackBerry App World, has been updated to version 2.1. The most notable new feature in the update is the addition of support for in-app payments. That means developers can now offer apps for free and earn revenue through in-app upgrades, virtual goods, subscriptions or other billable content and/or services. sarah perez What it Takes to Build a Highly Secure FinTech …last_img read more


first_imgThe J&K police have foiled an attempt by a group of youths to join the ranks of militants by snatching a service rifle, and handed them over to the families.A senior police officer said a search operation was started on Thursday afternoon, immediately after “miscreants snatched a rifle from a bank guard at Shopian.” They were planning to pose with it to announce their joining the ranks of militants. The police said they cracked the case in six hours.“The boys were let off after counselling,” the officer added.last_img read more