London fund to invest in BEE

first_img2 February 2006London-based firm Blackstar Investors is to help fund black economic empowerment (BEE) deals in South Africa to the tune of £35-million (R380-million), signalling that foreigners are growing increasingly comfortable with investing in the country and in empowerment financing, Business Day reports.This is in sharp contrast to five years ago, when a first round of empowerment deals in mining battled to find foreign support.“It shows foreign understanding of empowerment and the risks and rewards that go with financing it has grown,” says Business Day.The company’s local arm, Blackstar Managers, is to identify opportunities for investment. Blackstar, listed on London’s alternative AIM market, is the first fund of its type and an “endorsement” of the BEE process by leading members of the international investment community, managing partner Andrew Bonamour told the newspaper.He said a number of institutions and hedge funds had invested in Blackstar, including Fidelity, Eton Park, Merrill Lynch Schroder and JP Morgan. The company was previously known as Illuminator plc.Bonamour told Business Day that international hedge funds had a mandate to invest a portion of their capital in emerging markets.BusinessMap director Reg Rumney said empowerment charters and the Department of Trade and Industry’s recently released empowerment codes had given foreigners a lot more investment certainty. Empowerment deals worth R40- to R50-billion were struck in 2005.“Certainly there is a role for private equity financing because there is an enormous amount of activity,” Rumney told Business Day.Blackstar expects to finalise its first transaction later in February, putting forward the capital needed by empowerment partners to buy a stake in a company operating in the resources sector.Bonamour said Blackstar was aiming at providing a percentage of financing required for empowerment deals up to about R25-million. Blackstar plans to play an active role in managing investments and will help its black partners with due-diligence studies and reporterlast_img read more

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How sports can influence kids according to Alyssa Valdez

first_imgSerena may lack intimidation factor when she returns on tour, says Evert ADVT Above everything else, she aims to touch the youth with her talents. Valdez believes that children can learn more than being physically healthy from sports. With the ups and downs and constant learning from mistakes that comes with being involved in a team, kids can learn and put to heart being humble and respectful to the people around them.“More than being physically healthy, which everyone needs, it is important to be mentally and socially healthy as well by interacting and playing with other kids,” Valdez says, “They will learn a lot of the little things — saying thank you and sorry and a lot more.”Despite the very hectic schedule of a phenomenal athlete that goes around the world to compete and around the country to share her passion with children, Alyssa Valdez manages to stay healthy by making sure she eats right and takes FERN-C, the #1 Sodium Ascorbate non-acidic vitamin C in the Philippines, daily to get the daily vitamin boost she needs so that, in confidence, she can say “Tiwala Ako Na Kaya Ko!”Visit for more!ADVERTISEMENT Fire hits houses in Mandaluyong City Read Next MOST READ Protesters burn down Iran consulate in Najaf PLAY LIST 01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games And true enough, she is doing just that.What with the daily grind of an athlete in training for an international competition, you’d think that during her downtime she’d choose to get the relaxation she very well deserves.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutOn the contrary, she spends her spare time going around the country to give back to her fans who have supported her career.“During my off season I make sure to go around the country to meet all the aspiring volleyball players,” Valdez says, “It’s one way of giving back all the blessings and the learnings I’ve got and one way of reminding myself where I came from.” Frontrow holds fun run to raise funds for young cancer patients  LATEST STORIES Nonong Araneta re-elected as PFF president Fire hits houses in Mandaluyong City View comments When on the go Alyssa believes this: “I can do more than what I’m doing right now.”ADVERTISEMENT BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Typhoon Kammuri accelerates, gains strength en route to PH Don’t miss out on the latest news and information. Brace for potentially devastating typhoon approaching PH – NDRRMClast_img read more

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Nuggets beat Knicks for 6th straight, share of 1st with Warriors in West

first_imgGoogle Philippines names new country director LATEST STORIES Nikola Jokic had 21 points and 17 rebounds, Jamal Murray scored 18 points, and Denver beat the New York Knicks 111-93 on Friday night for its sixth straight victory.Gary Harris chipped in 14 points for Denver, which moved into a tie with the Warriors for first place in the Western Conference with 11 games remaining for each team.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsGrabbing the top spot in the conference would guarantee coach Michael Malone’s young squad home-court advantage throughout the West playoffs.“I wouldn’t say it’s ultra-important. Is it something that we talk about? Sure. Is it something we say why not us? Sure. But we’re not going to risk any player’s health or rest at the expense of being the No. 1 seed,” Malone said. Miguel Romero Polo: Bamboo technology like no other UP NEXT:Nuggets: Finish their four-game Eastern Conference road trip Sunday at Indiana.Knicks: Continue their six-game homestand when they host the Los Angeles Clippers on Sunday.Sports Related Videospowered by AdSparcRead Next Wintry storm delivers US travel woes before Thanksgiving Denver Nuggets guard Jamal Murray goes to the basket during the first half of the team’s NBA basketball game against the New York Knicks, Friday, March 22, 2019, at Madison Square Garden in New York. (AP Photo/Mary Altaffer)NEW YORK— A year after missing out on the playoffs by just one game, Denver wouldn’t mind snatching the top spot in the Western Conference from defending champion Golden State.At the same time, the Nuggets don’t think it’s the most important thing for a deep postseason run.ADVERTISEMENT “I would much rather be a healthy, rested team going into the playoffs to give ourselves a chance to be a dangerous team in the playoffs. We’re not a team that’s just satisfied in making it, we want to be a team that gets in there and makes some noise.”Will Barton scored 10 of his 12 in the opening quarter as the Nuggets jumped out to a 37-18 lead one night after winning at Washington.The Knicks made it a close game late in the third quarter, cutting the lead to seven after trailing by 14 at halftime.Veteran forward Paul Millsap is not too worried about the No. 1 seed. His preference is a more a consistent effort on defense like he saw each time the Knicks tried to battle back before Denver answered.“We haven’t played good basketball, but we’ve been finding ways to win games, I think,” Millsap said.ADVERTISEMENT Private companies step in to help SEA Games hosting Trump tells impeachment jokes at annual turkey pardon event Bloomberg: US would benefit from more, not fewer, immigrants PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ “As a young team and as a team period, you got to find different ways to win. Your shot’s not going to always fall. You’re not always going to play great defense. But at the end of the say it’s about winning games.”Former Nuggets first-round pick Emmanuel Mudiay had 21 points and rookie Mitchell Robinson added 16 points and 10 rebounds for the Knicks, who have lost their last three games and 11 of 12.New York has lost its last three games by an average of 25 points to Toronto, Utah and now Denver.“We’re getting the hell smacked out of us,” Knicks coach David Fizdale said. “These teams are just really good basketball teams.”Mario Hezonja’s basket cut the lead to 67-59 with 5:52 left in the third quarter.But that was closest the Knicks would get the rest of the night as their offense sputtered the rest of the period, shooting just 1-for-8 from the field.Denver then broke away with a 15-3 spurt highlighted by seven points from Jokic and a layup from Monte Morris before time expired to extend the lead 82-62 heading into the fourth quarter.TIP-INS:Nuggets: Denver swept the season series from the Knicks. The Nuggets have beaten New York in 16 of their last 21 meetings. Denver outrebounded the Knicks 62-45.Knicks: PG Frank Ntilikina played for the first time since Jan. 27 after missing 24 games due to a sore groin. He scored five points and had five assists in 25 minutes off the bench. SEA Games hosting troubles anger Duterte Venezuela beats Argentina to spoil Lionel Messi’s international return Don’t miss out on the latest news and information. Colombia protesters vow new strike after talks hit snag View commentslast_img read more

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5-Star LB/DE Erick Fowler Flips From LSU To Texas

first_imgErick Fowler flips his commitment from LSU to Texas.Erick FowlerIt’s possible that no one will have a better National Signing Day than the Texas Longhorns. Charlie Strong already has several four-star commitments in the fold, and Manor (Tex.) five-star linebacker/defensive end Erick Fowler just flipped his commitment to UT after being pledged to LSU since June 2015. Reporter Victor Diaz is on the scene at Fowler’s announcement ceremony and has video. Manor’s Erick Fowler chooses #UT. Big get for the Longhorns.— Victor Diaz (@VictorOchoDiaz) February 3, 2016Manor is the No. 7 outside linebacker in the 2016 class according to 247Sports’ Composite Rankings.last_img read more

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Port Henderson Road Works to be Completed May

first_imgRepair work being undertaken along the Port Henderson Road in Portmore, St. Catherine should be completed within the next six to eight weeks.Minister of State in the Ministry of Transport, Works and Housing, Hon. Richard Azan, made the disclosure during a tour of the area on Wednesday, March 20.The Port Henderson roadway, which is a major link between Spanish Town and Portmore, was damaged by floodwaters associated with Tropical Storm Nicole in 2010.The works being undertaken include reinstating the roadway, training of the Rio Cobre river and the bonding of the river bank to minimise erosion. Mr. Azan said just under $100 million has been spent on the project to date.He explained that while the road was closed, motorists were using a side road “and we have taken the decision that we would just repair it under this project.”The Minister, who toured several areas in the parish, was accompanied by Communications Manager, National Works Agency (NWA), Stephen Shaw and other Ministry personnel.By Chris Patterson, JIS Reporterlast_img read more

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92-Year-Old Opera Singer to Receive Order of Distinction

Ms. Kirkwood, who is affectionately called GG, was born in Del Rio, Cuba, and started singing at the age of three years. During the heights of her career, she sang the title role of ‘Madame Butterfly’ in Yorkshire, and Mimi (‘La Boheme’) in Ireland; ‘Porgy & Bess’, ‘Carmen Jones’, and ‘Show Boat’. Ms. Kirkwood will receive the Order of Distinction in the Rank of Commander (CD), for outstanding contribution to the development of the Jamaican Musical Theatre. Story Highlights Ninety-two year-old Mercedes Kirkwood speaks enthusiastically about her career in Musical Theatre, echoing the words – “The sound of opera excites me the most.”Ms. Kirkwood will receive the Order of Distinction in the Rank of Commander (CD), for outstanding contribution to the development of the Jamaican Musical Theatre, at the 2013 National Honours and Awards Ceremony, to be held on Monday, October 21 (Heroes Day), at King’s House.“I have always enjoyed singing; it has always touched my heart,” she says. “I feel very proud, and quite honoured that I have been remembered for my contribution to Jamaican musical theatre. It is a good feeling to know that I have gone down into Jamaica’s history, the emotion is quite ecstatic,” she tells JIS News.Ms. Kirkwood, who is affectionately called GG, was born in Del Rio, Cuba, and started singing at the age of three years.Years later, she relocated to Jamaica, and attended Jamaica School of Music (JSM), where it was discovered that she had a stunning voice, perfect for opera.During her tenure at JSM, she became a popular favourite, appearing frequently in several concerts, and on radio programmes.After spending sometime in Jamaica, she migrated to the United Kingdom, and furthered her career in operatic theatre, for some 16 years. Here she made her international debut.During the heights of her career, she sang the title role of ‘Madame Butterfly’ in Yorkshire, and Mimi (‘La Boheme’) in Ireland; ‘Porgy & Bess’, ‘Carmen Jones’, and ‘Show Boat’.After returning home to Jamaica, she made a number of local appearances at concerts, such as an Enchanted Evening with Jimmy Tucker and David Reid, in 1993; Mercedes Kirkwood & Friends in Concert, in 2005; and the Jamaica Musical Theatre Company’s 141st Production Home in 2009.Ms. Kirkwood says she looks back with pride, and has no regrets that she chose singing as a career, because she has accomplished her dreams.She tells JIS News that she played a vital role in the early years of the Little Theatre, and will always remain a household name on the opera circuit in Jamaica.“I am blessed with the gift of singing, and I couldn’t have it any other way. I thank God that I made a positive impact during my career, which I am truly grateful for,” Ms. Kirkwood says.Her daughter, Maria Azan, describes her mother as a very cheerful and vibrant individual, who has a passion for life.“I remember when I use to accompany my mother to pantomime, with the late Louise Bennett, and Ranny Williams, which was a very joyous occasion for me as a child growing up. We went to see Queeny’s daughter, ThePirates of Penzance, which took place at the Ward Theatre,” says Mrs. Azan.During her recollection of her mother’s musical career, she says that (Ms. Kirkwood) has done a lot of voluntary work over the years, to raise funds for several needy individuals, at various concerts, as a means of giving back.She adds that her mom is considered a philanthropist, and a community activist, because of her love and generosity for people, from all walks of life.“There is so much more that I know she would have wanted to do, but she has had a fulfilling experience as an opera singer. She is like an icon in the music industry, worldwide, and is deserving of the award, because of her accomplishments,” says Mrs. Azan.She notes that her mother is recognized both locally and internationally, and is a role model to many, who are of the view that they were blessed to have heard her sing.Mrs. Azan alludes to the Mercedes Kirkwood Foundation, which is to be launched at a date to be announced, which will provide financial assistance for a tertiary student pursuing a career in theatre music. read more

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Gallery Rose Bowl Game vs Washington

Fans walk into Rose Bowl Stadium prior to the start of the Rose Bowl featuring Ohio State and Washington on Jan 1 in Pasadena, Calif. Credit: Casey Cascaldo | Photo Editor PASADENA, Calif. – The Ohio State Buckeyes faced off against the Washington Huskies in the 105th Rose Bowl Game in Pasadena, Calif. on Jan. 1. Ohio State won 28-23. Photos by Casey Cascaldo

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Report Julen Lopetegui not in contention for Mexico job

first_imgJulen Lopetegui is not a current option for the managerial vacancy at the Mexican national teamThe 52-year old coach is out of work following Monday’s dismissal from his post at Real Madrid after a poor start to the season.Reports in the Spanish press indicated that Lopetegui was being lined up for moves to Russian side Spartak Moscow and Mexico.But ESPN announced that the latter is definitely no option for Lopetegui at this stage after consulting the Mexican football federation (FMF).Furthermore, no contact has been made with Lopetegui whatsoever.Quiz: How much do you know about Hirving Lozano? Tomás Pavel Ibarra Meda – September 6, 2019 Time for you to tell us everything you can answer about Hirving Lozano. We will ask you 10 questions about the Mexican forward. Have…El Tri have been managerless following Juan Carlos Osorio’s departure at the end of the World Cup.Ricardo “Tuca” Ferretti has since been in charge of the national side on an interim basis, until a permanent successor is found.Outgoing Atlanta United manager Gerardo “El Tata” Martino is the favourite to succeed Osorio in the dugout.Despite his ill-fated tenure at Real though, Lopetegui had a successful stint at international level with Spain.He was undefeated in all of his 20 games in charge, which 14 of them were won, before June’s shocking dismissal just days before the World Cup following his appointment as Real manager.last_img read more

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