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South African firm partners KADS Capital to revive moribund agro-businesses

Towards reviving moribund agricultural facilities lying fallow across the country, an agro-business firm, KADS Capital Group, is partnering a South Africa-based company, PBS Trading Ltd, to revive ailing government-owned agric investments.

The partnership is also aimed at creating significant yields in the agro-business value chain in Africa.

Group Head of KADS Capital, Mr. Ken Ogiamien, who disclosed this at the end of a Trade Mission of South African companies to Nigeria, told The Guardian that they are already in touch with Lagos State government regarding some of their facilities in Araga, Epe and a processing plant in Ikorodu, noting that their intention is to revive these facilities, bring them to full capacity and make them profitable for parties concerned.

He added that KADS Capital is also looking at taking over declining facilities of other states and the Federal Government agencies with a view to rejuvenating them.

Ogiamien said the decision to partner PBS Trading was to harness the potentials of both companies and combine advanced technology, international standards and quality control, assuring that the partnership will also facilitate access to funding, skilled manpower and strategic alliances to ensure the production of world-class, value-added agricultural and table-ready brands for consumers in both countries and beyond.

“The value chain is such that the Gross Domestic Product (GDP) of both countries would be significantly touched. Specifically, the relationship would increase employment opportunities for the youth, profoundly change their perception of agriculture and ensure scheduled off-take of agricultural produce from collaborating farmers.”

He said one of the expected outcomes of the venture is the elimination of smuggled poultry products through the Nigerian borders and meeting the needs of consumers through local production.

Ogiamien said two subsidiaries of the company-KADS Livestock and Feeds and KADS Meat Mart, would be the initial beneficiaries of the partnership, which is expected to take off in 2018.

Managing Director of PBS Trading, Mr. Donovan Franker, said Africa’s economic future accomplishments would depend very much on successful cross-trade ventures between African businesses and countries.

He said the next stage of the partnership would involve signing a Memorandum of Understanding (MoU) on areas in which they both can add value, through the value chain and the food chain, from feed stock to food on the plate, adding that his organisation has access to funds from Trade Invest Africa, the Development Banks and Agriculture Development Banks.

 

 

 

 

 

Source: Guardian News

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Rolls-Royce 2018 is world’s most silent luxury car

Rolls-Royce has unveiled the eighth generation Phantom in London, a few months ahead of its release for global sale and it is expected to automatically find its way to the top of the super luxury brand chart. This is coming about 14 years after the previous edition was officially launched.

The Phantom VIII is arguably the most silent car in the world having been loaded with almost 300 pounds of sound insulation to keep its occupants away from the unpleasant noise of the outside world.

Many auto reviewers that have had the privilege of being exposed to the detailed features of the new vehicle are also of the view that the 2018 Phantom will be the peak of motoring pleasure.

For instance, Auto Car, in its report, says the all-new Rolls-Royce Phantom promises ride comfort and interior luxury of an unprecedented quality, as well as a greatly improved driving experience.

An auto writer, Drew Stearne, in a review on Cnet.com, says it is hard to imagine the car world without Rolls-Royce, having remained a signifier of wealth, success, celebrity and status for a century.

Commenting on the latest Phantom, he says, “But even within Rolls-Royce, there is a hierarchy, and firmly at the top for over 90 years, the Phantom has earned adoration the world over as simply the best car money can buy. Now, it is time for the current Phantom to make way for Goodwood’s finest new endeavour, the Phantom VIII.”

Rolls-Royce has unveiled the eighth generation Phantom in London, a few months ahead of its release for global sale and it is expected to automatically find its way to the top of the super luxury brand chart. This is coming about 14 years after the previous edition was officially launched.

The Phantom VIII is arguably the most silent car in the world having been loaded with almost 300 pounds of sound insulation to keep its occupants away from the unpleasant noise of the outside world.

Many auto reviewers that have had the privilege of being exposed to the detailed features of the new vehicle are also of the view that the 2018 Phantom will be the peak of motoring pleasure.

For instance, Auto Car, in its report, says the all-new Rolls-Royce Phantom promises ride comfort and interior luxury of an unprecedented quality, as well as a greatly improved driving experience.

ADVERTISING

An auto writer, Drew Stearne, in a review on Cnet.com, says it is hard to imagine the car world without Rolls-Royce, having remained a signifier of wealth, success, celebrity and status for a century.

Commenting on the latest Phantom, he says, “But even within Rolls-Royce, there is a hierarchy, and firmly at the top for over 90 years, the Phantom has earned adoration the world over as simply the best car money can buy. Now, it is time for the current Phantom to make way for Goodwood’s finest new endeavour, the Phantom VIII.”

Engine performance

 

Rolls-Royce-2018

In a report presented under jalopnic.com, Andrew Collins describes the Phantom VIII as the most silent car in the world. It is also presented as a penthouse apartment hitched to four wheels and a 6.75-litre twin-turbo V12 rated to 563 horsepower and 664 lb-ft of torque, on tap from a burbling 1,700 RPM, running to the rear wheels through a ZF eight-speed transmission.

Rolls-Royce’s Engineering Director, Philip Koehn, says the new Phantom is 10 per cent quieter at highway cruising speeds than its already-sepulchral predecessor.

Quiet interior

Collins, who is Chief Test Pilot at the Jalopnic, says, “Incalculable effort was expended to create ‘the most silent motor car in the world’ including 6mm two-layer glazing all around the car, more than 130kg of sound insulation, the largest ever cast aluminium joints in a body-in-white for better sound insulation, and use of high absorption materials.

“Acoustic insulation from road noise has been helped by the employment of double skin alloy on areas within the floor and bulkhead of the space-frame. This is a feature unique to New Phantom. Further noise insulation by inserting dense foam and felt layers are between these skins to provide sound insulation not witnessed before in the car industry.

“In addition, high absorption layers within the headliner, in the doors and in the boot cavity have further aided insulation and reduced reverberation. Rolls-Royce also worked closely with its tyre supplier to invent ‘Silent-Seal’ tires – which feature a specific foam layer placed inside the tyre to wipe out tyre cavity noise and reduce overall tyre noise by 9db, meaning that conversation within the car is completely effortless.”

Exterior

The styling on the 2018 Phantom is said to be imposing, with the front having a new monolithic appearance that sets it apart from its predecessor while retaining its lineage.

An online auto journal, Car and Driver, says, “Despite looking familiar, this Phantom is nearly entirely new. It sits on Rolls-Royce’s new aluminium space-frame platform, officially dubbed the Architecture of Luxury, which will go on to underpin all of the company’s forthcoming models, including the Project Cullinan SUV.

It also says the vehicle’s 140-inch wheelbase is slightly smaller than the previous edition’s, with the overall length of 227.2 inches shrinking by 2.8 inches for the standard-wheelbase version.

“The Pantheon grille is larger than ever, but it fits more naturally into the surrounding bodywork. It also sits higher on the car, lifting the Spirit of Ecstasy hood ornament up higher still. It may not be initially to everyone’s taste, but the sheer modernity of this design should make it feel fresh for years to come,” says Collins.

Looking at the roof line, it has been simplified, making the lines of the car from front to back look like one long continuation of a single idea.

Safety

The car has a number of driver-aid features such as night vision, active cruise control, a four-camera 360-degree parking assistant, long-range sensors designed to detect traffic.

 

 

 

 

 

 

SOURCE: The Punch

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NBS Says Nigeria made N118trn from crude oil in 53 years

The National Bureau of Statistics (NBS) said Nigeria had realised more than N118 trillion from crude production and refining from 1961.

The NBS report, which has additional data from the Nigerian National Petroleum Corporation (NNPC), collated its statistics from 1961 till 2014.

“The petroleum statistics on crude oil production and oil refining reflects that a total 32.70 billion barrels of crude oil valued at N118.49 trillion has been produced between 1961 and 2014.

“The highest barrels of crude production was recorded in the year 2005 with 918.66 million barrels valued at N6.14 billion.

“The lowest was, however, recorded in 1961 with 16.80 million barrels valued at N18.73 million.

“The yearly domestic crude oil refining data from 1997 to 2014 also reflected that 844.19 million of crude oil has been received and 835.58 million processed within the period under review,’’ the report stated.

 

 

 

 

SOURCE: Tribuneonlineng

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Nigeria To Be In Trouble As China Plans To Ban Production Of Petrol, Diesel Vehicles

China, world’s biggest car market, plans to ban the production and sale of diesel and petrol vehicles, further threatening the future profitability of oil — Nigeria’s major revenue source.

The development is coming two months after the UK, like Germany, France, India, Norway and Netherlands, revealed plans to ban fuel-run cars, as part of efforts to reduce air pollution.

The ban will lead to a reduction of oil demand in China, as the country is currently the world’s second-largest oil consumer after the United States, US.

China wants electric battery cars and plug-in hybrids to account for at least one-fifth of its vehicle sales by 2025.

Xin Guobin, China’s vice industry minister, said it had started “relevant research” but that it had not yet decided when the ban would come into force, according to BBC.

“Those measures will certainly bring profound changes for our car industry’s development,” Guobin told Xinhua, China’s official news agency.

China made 28 million cars last year, almost a third of the world’s total production. Chinese-owned carmaker Volvo said in July that all its new car models would have an electric motor from 2019. Geely, Volvo’s Chinese owner, aims to sell one million electric cars by 2025. Other global car firms including Renault-Nissan, Ford, and General Motors are all working to develop electric cars in China.

 

 

 

 

Source: Nigerian Monitor.

SA approves cross-border mobile money transfers

Cross-border money transfer services have been given the go ahead from South Africa to mobile wallets in Zimbabwe, Nigeria, Mozambique and Uganda.

TerraPay, the world’s first mobile payments switch, announced this week that it has successfully obtained regulatory approval from the South African Reserve Bank to launch cross-border money transfer services in South Africa.

This makes TerraPay the fifth company to be licensed as a category three Authorised Dealer in Foreign Exchange with limited authority, also known as ADLA 3, to conduct low value international money transfers in the country.

TerraPay is building global payments infrastructure for low-value cross-border transactions. The service interconnects mobile wallet service providers, financial institutions and money transfer operators in key send and receive markets. The license enables the company to enter into cross-border low value person-to-person payments in South Africa.

The South Africa market is highly complementary to TerraPay’s international money transfer network in Africa, Europe and Middle-East countries. In the Initial roll-out, TerraPay will enable cross border money transfers from South Africa to mobile wallets in Zimbabwe, Nigeria, Mozambique and Uganda.

According to the World Bank, the global average cost of sending remittances was 7.43% of the amount sent by remitting customers. For remittances sent from South Africa, the average cost was 16.71%; more than double of the global average.

Ambar Sur, founder & CEO of TerraPay said, “As per a report from FinMark trust, the bulk of remittance flows from South Africa are destined for Zimbabwe, Mozambique and Lesotho, with 85% of all migrants originating from these countries. Moreover, almost 70% of transfers to these countries are conducted informally, since the high cost of formal money transfers is a major barrier to accessing formal remittance channels.

“TerraPay is taking an aim to solve this problem of the migrants, by facilitating instant and cost-effective low value money transfers to mobile wallets. We are now open for business in South Africa and are actively looking to build strategic partnerships to further expand our footprint in the Southern Africa region.”

South Africa is a major send, as well as a receive market. Apart from sending remittances to all neighbouring Southern African countries, the country also receives remittances from UK, Australia and US. TerraPay’s global network is expected to support the growing demand for instant transfers in the region.

TerraPay, the world’s first mobile payments switch is a global transaction processing, clearing and settlement service for mobile wallets. It provides the interoperability engine that enables customers to send and receive real-time transactions across diverse payment instruments, platforms, and regions.

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Kia South Africa conduct a safety recall of More than 1200 Rio models affected

 Kia South Africa will conduct a safety recall of approximately 1 266 Rio models (2017) to inspect the operation of the rear-door child locks.

More than 1200 Rio’s affected

Kia Motors SA said: “Kia has advised that there may be some Rio vehicles where the child locking function of the rear door may be inoperative due to the actuator cable length being out of specification.

“The affected vehicles were assembled in Korea between 10 April 2017 and 5 June 2017, and approximately 1 266 Rio’s shipped to South Africa may be affected.”

What should owners do?

Kia SA said: “Owners of the involved vehicles will receive telephonic notification from Kia Motors South Africa’s call centre, beginning in the week of 4 September 2017. Owners of the involved vehicles will be assisted in having their Kia dealer perform the inspection and, if necessary, repair of the rear-door child locks.”

‘No charge to the vehicle owner’

The automaker said: “The inspection is quick and simple, and should take no longer than 10 minutes to complete. Should the repair be carried out, it should take no longer than 1 hour, although customers should be aware that the time required to inspect and potentially repair is dependent on the vehicle’s position in the work queue on the day of the booking.”

Kia said its dealers will implement this recall at “no charge to the vehicle owner”.

Customer can find out whether their vehicle(s) are affected by entering their vehicle’s VIN (Vehicle Identification Number) via the KIA Motors South Africa website

Alternatively, customers can contact the Kia Motors South Africa on 010 596 2000.

 

 

 

 

 

 

Source: Wheels24

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Samsung has sent out official invitations to launch the Galaxy NOTE 8

Samsung has sent out official invitations for its launch event that’s going to hold in New York City, where the Galaxy Note 8 will be launched.

The invitation just shows two slim top and bottom bezels of the Note8 without edges, which shows the same 2:1 Infinity Display as the one on the S8. The event will hold on the 23rd of August 2017.

The Samsung Galaxy Note8 will come with almost the same hardware as the Galaxy S8 and S8+. A Snapdragon 835 chipset or an Exynos 8895 CPU coupled with 4GB of RAM, and a fully water-resistant metal and glass unibody design.

According to various leaks, the Galaxy Note 8 may sport a dual-camera setup, though I’m still skeptical about it, it’s quite possible that Samsung will save that for the Galaxy S9.

What kind of specifications do you want on the Galaxy Note 8?

 

 

 

 

 

 

Source: NewsNow

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Audi to give 850 000 diesel cars 'emissions-improving' software

German automaker Audi says it will fit up to 850 000 diesel cars with new software to improve their emissions performance, following a similar move by rival Daimler.

Audi, a unit of Volkswagen, announced the voluntary retrofitting program on Friday.

The company said in a statement that it “aims to maintain the future viability of diesel engines” and believes the program “will counteract possible bans on vehicles with diesel engines.”

The free program, which will apply to Europe and other markets outside the US and Canada, applies to cars with six-cylinder and eight-cylinder diesel engines.

On Tuesday, Daimler said it will voluntarily recall 3-million Mercedes-Benz cars with diesel engines in Europe to improve their emissions performance. Diesels have been under a cloud since Volkswagen admitted equipping vehicles with emissions-cheating software.

 

 

 

Source: Associated Press

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Ford Mustang: South Africa’s top selling sports car during June 2017

The Ford Mustang has maintained its status as South Africa’s top selling sports car during June 2017, with 86 units sold.

Ford’s pony car sold nearly double the units of second place rival Porsche 911 (47 units). Another Porsche, the 718 Cayman/Boxster, sold the third most units – 16 models locally.

Along with the three front runners, the Jaguar F-Type was the only other sports car in SA to register double digit figures with 12 models sold.

Ferrari has three of its models in the top 9 list though the newest edition to the range, the GTC4Lusso, has not yet been added.

Audi and Nissan are the two other manufacturers that have made the top 10 list the list with their respective sports cars: the R8 and GT-R.

Naamsa commented: “Domestic new vehicle sales were closely correlated with the overall performance of the economy and confidence levels. At this stage, domestic new vehicle sales for 2017 were likely to remain flat at best.”

 

 

 

Source: News24

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South Africa: In five years later More people will dependent on social grants than people with jobs

There were more than 17 million South Africans dependent on social grants on a monthly basis compared to about 15.5 million South Africans with jobs last year, the SA Institute of Race Relations said on Wednesday.

In a finding released in the institute’s latest South Africa Survey, it said this did not bode well for the economy because government would find it harder to expand the rollout of grants or to increase their value.

“The numbers are a recipe for social and political chaos,” the institute’s analyst Gerbrandt van Heerden said.

“As the economy stagnates, and tax revenue slows, demand for more grants will increase. The government will then have to cut other areas of expenditure in order to meet popular demands for more and higher grants. We predict that this will lead to much higher levels of violent protest action.”

‘A double-edged sword’

In a survey conducted by the institute in 2001, around 12.4 million people were employed compared to around 3.9 million people receiving social grants.

This roughly translated to 330 people with jobs for every 100 people on social welfare. By 2012, the ratio had dropped to 90 people in employment for every 100 social welfare beneficiaries, the IRR said in 2013.

By 2016, the number of people receiving grants had increased by 328% while those with jobs increasing only by 24%, it said.

“There is no doubt that the grants rollout did a lot to improve living standards in South Africa. However, the grants have become a double-edged sword,” Van Heerden said.

He said the inability to continue expanding the rollout while also increasing the value of grants would see living standards begin to stagnate and even slip.

Poor and unemployed people would be worst affected and could suffer new misery as their living standards began to fall.

The consequences for social cohesion would therefore end up being severe as inequality increased, he said.

“The pending grants crisis will trigger much suffering and desperation in already poor communities.”

 

 

 

 

Source: News24

South Africa has fallen into recession for the first time in eight years after economic growth shrank by 0.7% between January and March

The downturn, due to weak manufacturing and trade, follows a 0.3% fall in GDP in the final quarter last year.

It is the first time that economic has slowed for two consecutive quarters – the technical definition of a recession – since 2009.

The value of the rand fell by 1% on the currency markets.

Analysts had expected GDP to grow by 0.9% during the first quarter. However, Joe de Beer, deputy director general of Statistics South Africa, said: “We can now pronounce that the economy is in recession.”

He added: “The major industries that contracted in the economy were the trade and manufacturing sectors.”

Africa’s third-largest economy is under pressure after President Jacob Zuma fired its respected finance minister, Pravin Gordhan, earlier this year.

It prompted two credit rating agencies, Standard and Poor’s and Fitch, to downgrade South Africa’s credit worthiness to junk.

This means it is more expensive for South Africa to borrow money, because it is seen as having a higher risk defaulting on its debts.

Last week, S&P and Fitch pointed to further concerns about the South African economy, including uncertainty over who will succeed President Zuma as leader of the ruling African National Congress.

A successor is expected to be chosen in December, but Mr Zuma can remain as head of state until an election in 2019.

 

 

 

Source:  TODAY.ng

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Emmanuel Macron has found a way to establish himself on the international scene: give Donald Trump a taste of his own trolling. Oh

Washington – French President Emmanuel Macron has found a way to establish himself on the international scene: give Donald Trump a taste of his own trolling. Oh, and it’s not bad for domestic politics either.

It began with a bone-crunching handshake with Trump at the NATO summit in Brussels on May 25, followed by an interview in which Macron boasted that the macho display was meant to send the message that he’ll hold his ground against the US president.

After Trump announced on June 1 that the US is withdrawing from the Paris Agreement on carbon emissions, Macron – in English – invited US climate scientists to work in France and hijacked Trump’s signature slogan with a call to “make our planet great again.”

The French foreign ministry got into the act by posting a video that, by scribbling in English on top of the White House’s own video, refutes point-by-point what it said were incorrect Trump statements about the Paris accord, all with a #MakeThePlanetGreatAgain hashtag. The video was viewed 11 million times, had 179 000 shares on Facebook, and was re-tweeted on Twitter 49 000 times.

“Macron wants to send a message that he’s playing on the same playing field as Trump,” said Philippe Moreau Defarges, adviser at the Paris-based French Institute for International Affairs. “He thinks that if Trump is going to use Twitter and video messages in an aggressive way, then so am I. Macron has made a bet that he’s going to be as modern as possible in his communication, and to a degree that also means trolling.”

Like Trump, 70, Macron is betting that his approach will pay off at home, in next week’s parliamentary elections. “He really needs a majority in Parliament to run the country properly,” said Philippe Le Corre, a visiting fellow at the Brookings Institution’s Centre on the United States and Europe. “Trump is unpopular, and in Europe everybody is in favour of this deal.”

There’s some risk in an approach that Heather Conley, director of the Europe Program at the Centre for Strategic and International Studies, called “more playful” than that of German Chancellor Angela Merkel. The German leader made headlines a week ago by suggesting that Trump’s disdain for international organizations means Europeans can no longer rely on the trans-Atlantic relationship.

After all, Macron is taking on a thin-skinned president who runs a country that shares crucial intelligence and is France’s second biggest export market, behind Germany.

French Foreign Ministry spokesperson Romain Nadal said no disrespect was meant by “correcting” the White House’s video.

“We are not insulting anyone, we are engaging in a substantive debate,” Nadal said. “We have made social media a key part of our communication. So does President Trump. That’s how it is now, so it’s normal that the debate is played out across social media.”

A White House official speaking on condition of anonymity said there were no hard feelings about Macron’s actions or comments, and no concerns they’ll harm the relationship. “They had a great meeting and we think they will only grow stronger,” said White House press secretary Sean Spicer.

Macron, 39, didn’t focus much on foreign policy during the campaign that led to his May 7 electoral victory, instead running on a platform of loosening economic regulations and intensifying European integration. When he did, he tended to take a hawkish stances on relations with Vladimir Putin’s Russia and stress his attachment to Western institutions such as NATO.

Putin also came in for some of Macron’s steeliness when, during a joint May 29 press conference at Versailles, Macron accused two media outlets close to the Kremlin of being “propaganda organs” that spread false news during the French election. A stone-faced Putin didn’t react.

“He’s not afraid of Putin or Trump,” said Moreau Defarges. “He wants to be a General De Gaulle style president who knows that France is small, but still speaks as a equal to the big powers. De Gaulle used to say his only model was Tintin, the little guy who stands up to the big guys,” referring to the cartoon character who’s actually Belgian but is read by most French children.

‘Regal status’

Le Corre, of Brookings, and others said they didn’t think the back-and-forth over climate would hurt close cooperation between the US and France in other domains, such as joint military operations against Islamic militants across the Sahara, and in Syria, Iraq, and Libya.

“The military cooperation is very important to both countries, above all in the combat against jihadist terrorism, and the relationship between the two countries seems to have started on the right foot on this front,” said Frederic Bozo, a professor of contemporary history at Sorbonne Nouvelle University.

The Macron-Trump jousting is also minor compared to earlier crises in French-American relations. The US strongly opposed France’s 1956 military seizure of the Suez Canal, and relations hit a nadir when President Charles De Gaulle in 1966 ordered US military forces to leave France.

Closer relations followed, particularly under Socialist President Francois Mitterrand in the 1980s, but then came another falling out when President Jacques Chirac opposed George W. Bush’s 2003 Iraq invasion, famously leading to “freedom fries.” Relations then rapidly improved under the next two French presidents, and as U.S. public opinion turned against the Iraq War.

If there’s a risk to Macron, it’s that sparring over social media isn’t how many French imagine their president. “This type of conduct could hurt the presidential image, because it does chip away the regal status that he wanted to give it,” the Sorbonne’s Bozo said.

 

 

Source: Fin24.com

SA’s biggest banks are eyeing the gap as welfare distributor’s contract ends

 

Three of South Africa’s biggest banks are considering bidding to distribute government welfare payments to more than 17 million people.

 

This as a contract with a subsidiary of welfare grant distributor Net 1 UEPS Technologies comes to an end, after years of legal battles.

 

The existing contract earned Net 1 about R2 billion a year, its annual reports show.

 

Barclays Africa, Nedbank and a unit of FirstRand are contemplating bids, according to emailed responses to questions from the lenders.

 

The state-owned Post Office has already said it will bid.

 

While it is yet to issue a formal bid, the SA Social Security Agency (Sassa) – which administers the approval and payment of social grants – has asked potential bidders to submit requests for information as it mulls over how to distribute R139.5 billion in welfare payments a year.

 

The contract with Net 1’s subsidiary, Cash Paymaster Services, expires at the end of March, but may be extended until the security agency’s own systems are in place or an alternative provider is found, according to the department of social development.

 

While Cash Paymaster’s contract was ruled invalid by the Constitutional Court in 2013, it continued because Sassa did not issue a new request for proposals and there were unresolved legal disputes.

 

“Government deals come with a lot of costs,” said David Shapiro, deputy chair of bank-controlling firm Sasfin Securities.

 

“I imagine there will be a number of bidders. It is too big a contract to disregard.”

 

African Bank and Capitec Bank are not bidding. Standard Bank said it had not engaged in the Sassa process to date.

 

“If I was a bank and tendering, I would ensure that the awarding of the contract was transparent, with reasons why the winning bid won.

 

“The problem with Net 1 lies in allegations that it did not win the tender fairly,” said Kokkie Kooyman, fund manager at Denker Capital.

 

AllPay, a subsidiary of Barclays Africa, used to distribute some of the social welfare grants. It legally challenged the awarding of the contract to Cash Paymaster.

– Bloomberg

 

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Why women invest in stock

When it comes to financial management, women are known for being risk averse and for choosing investments that are “secure” and “comfortable”.

However, there’s a growing number of women who are choosing to invest in stocks which yield higher returns to sustain their lives.

Over the past few years women have been playing a bigger and more prominent role in business and their earnings are increasing, which is contributing to their empowerment.

More women are choosing to invest in stocks as they become more sophisticated investors with surplus income to invest, explained Christelle Louw, Advisory Partner of Citadel.

Online trading platforms encourage share trading.

“I find that often a client will start a portfolio online and when it reaches a sizable amount, the client will ask for support and guidance on the structuring of their portfolio on a co-managed arrangement with a professional,”  she explained.

CFA and Independent ETF Strategist and Advisor, Nerina Visser, told Fin24 that the convenience of investing on online channels contribute to women’s interest in stock trading.

“The investment industry can be patronising, especially towards women. Not a lot of women feel empowered enough to sit across a table from a financial adviser and actually challenge them on some decisions,” she said.

The anonymity of an online channel makes it easier for someone patronised by traditional industry to take control of their investment decisions.

Visser found that the risk adversity of women and men reverse as they grow older.

Men, at the outset, are more aggressive investors and want to start building up a share portfolio. Women however start with a savings account at a bank which would progress into a pension or retirement fund and then they start incorporating unit trusts. Women embark on stock trading later in life.

This is mostly because the investment goals of women differ to that of men, explained Visser.

Women don’t just invest for themselves but for their families and immediate community. Women often focus on getting returns that make them feel like they are making a difference or a contribution to society, rather than just getting the highest return in monetary terms, she explained.

Male investment portfolios contain traditional asset classes, that includes a share portfolio, unit trust portfolio, equities, property and bonds. Whereas women get involved in alternative investments.

“Looking at financial instruments women use, they have a much more diversified overall investment portfolio, outside traditional investment markets.”

This includes work done in rural community development, or giving a loan to someone.

“One would not think of it as a financial instrument in the traditional sense,” added Visser.

“As women get older, and have been able to empower their children or get their community on a stronger footing, they have less strain on their personal resources,” she said. This means in their personal capacity they can afford to be more risk seeking.

Commenting on the investment advertisements targeted to women, Visser said that empowered women would find some to be condescending. Women who have not yet considered stocks could find it intimidating.

“I do think the industry plays to stereotypes which inhibit women from embracing opportunities in the stock market,” said Visser.

Advertisements which reflect reality and bring a message of empowerment are stronger than those with opaque promises of “hope” and “trust”. Women appreciate the honesty and transparency, explained Visser.

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