Thumbs up for Vodafone deal

first_img13 January 2006South Africa’s Competition Tribunal has approved a R21-billion bid by British telecommunications group Vodafone to increase its stake in local cellular company Vodacom by 15%, paving the way for the second-largest foreign direct investment in SA since 1994, following the R30-billion paid by Barclays Bank for a majority stake in Absa in 2005.Vodafone, which currently owns 35% of Vodacom, aims to lift this to 50% through its offer to locally listed investment group VenFin – which owns 15% of Vodacom – of R47.25 per share.State company Telkom, currently the fixed line monopoly holder in South Africa, owns the remaining 50% of Vodacom.If Vodafone’s offer is accepted – it has extended the closing date to 12pm on 27 January – it will then sell VenFin’s other assets, including stakes in free-to-air television station e.tv, investment holding company Alexander Forbes and technology group Dimension Data, for around R5-billion.Gateway to AfricaThe deal is seen as an endorsement of South Africa’s solid economic fundamentals, and more specifically of the huge growth potential in the local – and Africa-wide – telecommunications sector.South Africa’s cellphone penetration is estimated to be around 57%; most European and East Asian markets in which Vodafone competes are close to saturation.Vodacom’s customer base grew 39% in the six months to end-June 2005, giving it 17.2-million customers, including 14.3-million in South Africa.The deal would give Vodafone increased access to cellular markets in South Africa, the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania.South Africa’s three mobile phone providers – Vodacom, MTN and Cell C – are fast expanding their footprint on the continent as cellular phones become Africans’ communications tool of choice.According to the International Telecommunication Union, 43 of Africa’s 53 countries have more mobile than fixed-line subscribers, and 70% of African telephone users are mobile phone subscribers.‘Highly attractive opportunities’“Vodacom has been a highly successful investment for Vodafone,” Vodafone CEO Arun Sarin said when the company first made its offer in November. “The company is the established number one mobile operator in South Africa.“This transaction enables us to enhance and protect our position by increasing our stake in a high growth business with good cash returns,” Sarin said. “There are highly attractive opportunities throughout Africa, and this move gives us greater opportunity for further expansion in the region.”Should the deal go through, Vodacom is expected to be relieved of a shareholder restriction on trading north of the Equator. This restriction had been enforced by Vodafone, who did not want to compete against a company it only partly owned.While the South African company’s growth into the African market has been stymied by the restriction, many analysts expect Vodafone to defer to Vodacom’s experience in expanding into new African territories.Vodafone, the world’s largest communications group, has cellular interests in 27 countries spread across five continents.Just days before the announcement of the Vodacom offer, Vodafone bought a 10% stake in Bharti, India’s largest cellular operator, for £820-million.SouthAfrica.info reporterlast_img read more

Facecard: Forget the JPEGS, Give Cash in Facebook

first_imgTop Reasons to Go With Managed WordPress Hosting Related Posts Why Tech Companies Need Simpler Terms of Servic… A Web Developer’s New Best Friend is the AI Wai… Tags:#start#startups center_img dana oshiro 8 Best WordPress Hosting Solutions on the Market When Facebook first welcomed 3rd party applications, Lending Club caused a stir with its peer-to-peer money exchange. While others like Prosper had paved the way for small online loans, only Lending Club dared to integrate its services into a social network. Today, Facecard aims to improve upon the model by expanding its pre-paid MasterCard service. As of tomorrow, the company will officially emerge from beta with a slew of new features including parental controls, alerts and most importantly, this Facebook application.In the past, parents have loaded Facecards with cash via their computers or mobile phones and used them to monitor their teen’s spending with a web-based dashboard. Because the Facecard is pre-paid, it has an advantage over regular cards. There is no risk of overdraft or lapsed payments. For those who’d like to give gifts or lend money to friends, the service also allows you to send money directly to other Facecard members. As of today, after linking your Facecard to the new Facebook application, you can give money in three additional ways: 1. Messages: In the same way that users email money to their friends via PayPal, Facecard allows users to send money to friends and family within the Facebook network using the message service. 2. Wish List: Users can add items to their wish list and notify friends of the items they are saving towards. From here, your friends and family donate portions of cash towards that goal. While this has great potential for birthdays and Christmas, this is also a fantastic tool for nonprofit fundraisers. 3. Thinking of You: This service allows users to send small gifts to each other via Facebook. Rather than simply purchasing an image of a coffee for someone’s birthday, you can actually give them both the image and a cash donation towards a real coffee. As with virtual gifts, friends can then choose to display these gifts on their wall. In addition to each of these lending and gifting options, users are also able to monitor their spending via an in-site application dashboard. The service monitors the client’s current balance as well as their transaction history. To test out the application, visit this link and sign up for a Facecard account. last_img read more

Did you know Cooperative Extension provides programs and resources to help with family life?

first_imgWith continued efforts to better leverage the Cooperative Extension System as a force multiplier in Military Family Readiness and Capacity Building, we have identified the programs and resources that Cooperative Extension offers to help with family life.Below are family focused programs and resources for our pilot states:Florida State:Healthy LivingFamily TimeFamilies & ConsumersIndianaAgingFood & HealthHome & MoneyParenting & Care for ChildrenRelationshipsSchool ReadinessMarylandContact your local Cooperative Extension to get more details about these programs and resources that are offered in Maryland:Parenting Programs and Quality of Life ProgramsFood Safety in the CommunityMyPlateObesity/MyPyramidHealthy Snacks for Kids“Smart Choice$” – Food ShoppingEmergency Preparedness for Child Care Providers and Assisted Living FacilitiesMississippi StateChildren and ParentingEquine Assisted Therapy ProgramsFamily DynamicsFamily Financial ManagementHealthy Homes InitiativePetsNew Mexico State:Family Health & WellnessFamily Life & Child DevelopmentFamily Resource ManagementOklahomaContact your local Cooperative Extension to get more details about programs and resources that are offered in Oklahoma.last_img read more

The Work You Must Do Yourself

first_img Get the Free eBook! Learn how to sell without a sales manager. Download my free eBook! You need to make sales. You need help now. We’ve got you covered. This eBook will help you Seize Your Sales Destiny, with or without a manager. Download Now There are some things that you simply have to do for yourself. No one can do these things for you, nor should you ever allow anyone to do so.Discover why you are here. Mark Twain said the two most important days in your life are the day you were born and the day you figure out why. You don’t have any control over the first one of those days. But you have to do the work to make the second one a reality. You can get this wrong for a long time believing you have it right only to discover a bigger “why” later in your life. It isn’t easy to discover why you are here, but doing the work to figure it out is an excellent adventure. You must do this work for yourself.Discover what success means. The culture you live in tries desperately hard to define success for you: money and fame. But at the end of your life, you won’t care about money, gladly forfeiting all of it for a single day more with the people you love. You won’t care that you were known by people who don’t care anything about you at all. You’ll only care about the people you love. By all means, make the money–you are going to need it. But define success for yourself. Do the work to discover what a life well lived looks like for you.Discover your potential. You have no idea what you are capable of. There is so much more inside you, so much room to grow. Your only real limit is the limit of your imagination and your willingness to act. You can do more, and you can be more than you are now. When you have reached what you believe to be the pinnacle of success, you will have only just taken the first step. While you are here, it is your job to grow into your potential, of which there is still plenty.Discover how you will make a contribution. You are here to contribute. You have something to offer the rest of us, some song inside you, some dance, some business that will change the world for some people somewhere. You are here to make this a better place, even if only in some small way. Your contribution is going to matter. It is going to make a difference. You are here to discover what that contribution will be.This is the work you have to do yourself. This is the recipe for happiness. When will you start doing the work you’ve been avoiding?last_img read more

LOOK: Tour de France cyclist shows off tired, vascular legs after 16 stages

first_imgTrump strips away truth with hunky topless photo tweet “After sixteen stages I think my legs look little tired,” Poljanski captioned his Instagram post, showing the bulging veins on his sunburnt legs. Robredo should’ve resigned as drug czar after lack of trust issue – Panelo FEU Auditorium’s 70th year celebrated with FEU Theater Guild’s ‘The Dreamweavers’ The 104th edition of the Tour de France kicked off last July 1, which pits the best cyclists from around the world in a race that will cover a total of 3,450 kilometers.According to the Business Insider, participants of the famed cycling event still have to endure 68 hours of pedaling before things wrap up in Paris on July 23.Meanwhile, Poljanski, a member of German team Bora-Hansgrohe, is currently ranked 75th in the general classification after the 16th stage of the Tour.Unfortunately for the 27-year-old cyclist, he still has a long way to go—five stages to be exact— before he can rest those aching legs.  Khristian Ibarrola /raADVERTISEMENT Sports Related Videospowered by AdSparcRead Next LATEST STORIES Chot Reyes to wait for July 25 deadline before naming Fiba roster It’s no secret that the Tour de France multiple-stage bicycle race takes a ridiculous physical toll on the body, particularly the legs.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsPolish cyclist Pawel Poljanski recently showed the world how grueling it could be—by posting an image of his tired, vascular legs after taking part in 16 stages.ADVERTISEMENT Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH 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 Gamescenter_img Church, environmentalists ask DENR to revoke ECC of Quezon province coal plant MOST READ Lacson: SEA Games fund put in foundation like ‘Napoles case’ Don’t miss out on the latest news and information. Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim National Coffee Research Development and Extension Center brews the 2nd National Coffee Education Congress View commentslast_img read more

CMA CGM Reshuffles EuropeWest Africa Links

first_imgThe current Banjul call on WAZZAN service will be discontinued as from M/V Delmas Swala voyage, starting its rotation in Casablanca, with an estimated time of departure on September 25.In addition, a service improvement to the WAZZAN service includes a direct Southbound call at Las Palmas (Spain), effective October 13, 2016.The new port coverage of the WAZZAN service will be as follows:Casablanca (Morocco), Algeciras (Spain), Tangiers (Morocco) (connection Worldwide / ECSA), Las Palmas Southbound (Spain), Nouakchott (Mauritania), Dakar (Senegal),  Nouadhibou (Mauritania), Casablanca.Image Courtesy: CMA CGM zoom French container shipping company CMA CGM has amended the port rotation of the EURAF 3 and WAZZAN services which connect Europe to West Africa.Starting on September 23, 2016, EURAF 3, operated with three vessels of 1,800 TEU, will add a weekly direct call at Banjul (Gambia) in its rotation.The containership Cala Paguro was scheduled to depart Tangiers (Morocco) on September 23, with an estimated time of arrival in Banjul on October 8.The new port coverage of the EURAF 3 will include ports of Tangiers (Morocco), Algeciras (Spain), Freetown (Sierra Leone), Conakry (Guinea), Monrovia (Liberia), Banjul (Gambia) and Tangiers.last_img read more