Government notes with disappointment the decision of ArcelorMittal South Africa’s (AMSA) to retrench nearly 1 000 workers across the company and to close the Saldanha Works.This comes despite significant efforts by Government and public agencies to provide additional support to AMSA over the last few months, and to ensure a solution which would result in the elimination of job losses across the company and the continuation of the Saldanha Works.The recent efforts of Government are additional to extensive trade support which has been provided to the steel industry over the last few years to ensure protection from imports, including safeguards on imported hot rolled steel. In addition, Government has designated the steel industry to ensure that steel procured for infrastructure projects is locally produced.The Minister of Trade and Industry, Mr Ebrahim Patel, met with the management of AMSA on several occasions during the last months to explore opportunities to save jobs and keep all of AMSA’s plants in operation. Most recently, the Department of Trade, Industry and Competition (the dtic) together with the Department of Public Enterprises, Eskom and Transnet engaged with AMSA management on additional support which could be provided by Eskom and Transnet to reduce energy and logistics costs for the company and at Saldanha, in particular.In early October, the Ministry of Trade and Industry convened a meeting between AMSA and the leadership of both Solidarity and Numsa (together “organised labour) to expedite a dialogue towards reduced job losses. AMSA agreed to suspend the Section 189 consultation process to allow time for a facilitated engagement with Government and Organised Labour. To ensure appropriate engagement, Mr Patel appointed Mr Glen Cormack, an experienced part-time Commissioner with the CCMA, to meet with the engage the parties towards a viable solution.Minister Patel facilitated meetings with the management of Kumba, which supplies iron ore to AMSA, to obtain further concessional pricing for Arcelor Mittal from Kumba, which would provide additional cost relief.All parties met several times over October and early November, during which time commitment was sought so that AMSA could suspend its retrenchment process completely and keep the Saldanha Works in operation.The consequence of the expedited facilitation and dialogue initiated by National Government, secured commitments of half a billion in annualised savings, in addition to once off savings of more than R200 million and additional commitments from organised labour to fast-track discussions on enhanced productivity arrangements.Speaking on the side lines of the Brics Trade Ministers meeting in Brazil, Mr Patel noted:“The closure of Saldanha Works and retrenchment of workers at AMSA is a harsh blow to industrialisation in the country. This is particularly regrettable given the energy and efforts of National Government, SOEs, organised labour and others to provide support and savings to AMSA. These commitments follow significant tariff protection and localisation initiatives provided to protect the steel industry from the threat of imports.“We recognise the challenges presented to the steel industry globally from over-capacity. Our efforts are directed at maintaining a primary steel production capability in South Africa. We urge AMSA to continue to work with National Government and other social partners to reverse this decision and find solutions which can keep the Saldanha Works in operation, and workers in employment. If no solution is found with Arcelor Mittal, they should consider selling the plant to ensure the country does not lose industrial capacity and workers and communities are not displaced.”Enquiries:Sidwell Medupe-Departmental SpokespersonTel: (012) 394 1650Mobile: 079 492 1774E-mail: [email protected] by: The Department of Trade and IndustryFollow us on Twitter: @the_dti
PAOK are the league leaders and have a nine-point advantage over third-place Olympiakos, which have won the last seven straight league titles.Aretopoulos was finishing his report with the match most likely to be officially suspended leading to a possible heavy punishment for PAOK, which may include a loss of points as well as a fine. /kga Google honors food scientist, banana ketchup inventor and war hero Maria Orosa AFP official booed out of forum Don’t miss out on the latest news and information. Gilas five repeats over Japan Police teams find crossbows, bows in HK university PLAY LIST 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 Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City LATEST STORIES View comments The incident prompted the Olympiakos team to leave the pitch in protest before riots erupted outside the ground.“I took my team and left. Goodbye,” angry Olympiakos vice-president and general director Savvas Theodoridis told referee Alexandros Aretopoulos.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutHowever, PAOK communications director Kyriakos Kyriakos said: “It was obvious that Olympiakos came here with that goal (to suspend the match). They have been provoking for 30 years now. They came to scream and to provoke.”Angry PAOK fans leaving the stadium then clashed with police who used tear gas to quell the violence. John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Families in US enclave in north Mexico hold sad Thanksgiving Brace for potentially devastating typhoon approaching PH – NDRRMC PAOK’s supporters throw toilet rolls and other projectiles prior to the Greek Super League match between Olympiakos and PAOK on February 25, 2018 at the Toumba Stadium in Thessaloniki. The Greek Super League match Olympiakos versus PAOK was postponed after Olympiakos’ Spanish coach Oscar Garcia was hit in the face by a roll of toilet paper. (AFP PHOTO / SAKIS MITROLIDIS)The Greek Super League derby between PAOK Thessaloniki and Olympiakos was called off on Sunday after Olympiakos coach Oscar Garcia was struck in the face by a toilet roll thrown by a spectator minutes before kick-off.Garcia left Toumba Stadium and brought to a local hospital to seek treatment for a bloodied lip. Police are guarding Garcia’s room and the hospital has not issued a statement on his condition.ADVERTISEMENT LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexico Typhoon Kammuri accelerates, gains strength en route to PH MOST READ Read Next Pussycat Dolls set for reunion tour after 10-year hiatus
The April 2018 issue of Women’s Health magazine gives these four reasons for why NRL Touch Football is the very best team sport there is:1. Anyone can play. The evidence: there are five-year-olds, mums, dads and grannies all in the one team. It doesn’t matter what your age, experience, ability or fitness level is, it’s an accessible, inclusive game. And it comes without the pain factor of tackle sports.2. NRL Touch Football is played year-round. It’s largely considered the summer sport played in rugby league’s off-season, but it’s also a winter game. To find a club near you and see if they’re about to tap off, head to: touchfootball.com.au/where-can-i-play. You can register a whole team or enquire about joining an existing team as an individual player.3. You can play in mixed gender teams, which means lifelong friendships and even romances can strike on the field (without having to swipe right). One example? Dylan Hennessey, regarded as the best Touch player in the world, and his wife Emily Hennessey both play for Australia. Love.4. It fits with your life. A game of NRL Touch Footy is over in just 45 minutes – that’s two 20-minute halves with a five-minute halftime. And there are no training expectations. Arrive, play, head home… or to the pub with your new mates.To find your nearest touch footy club, go to touchfootball.com.au/where-can-i-play
CLEMSON, SC – AUGUST 31: Two Georgia Bulldogs helmets sit on the field prior to the game against the Clemson Tigers at Memorial Stadium on August 31, 2013 in Clemson, South Carolina. (Photo by Streeter Lecka/Getty Images)When you get together a giant group of four and five-star recruits, you’re bound to have some crazy plays. The 7-on-7 competitions didn’t disappoint. During a Saturday game, five-star 2018 wide receiver Jalen Hall, the top player at that position in his class, made a phenomenal one-handed touchdown catch on a great throw by Georgia commit Jake Fromm.The only thing that might top the catch is the coordinated double-backflip celebration from Tyjon Lindsey and future Fromm teammate Richard LeCounte III.#AlphaPro acrobatics from @LilEasy_35 & @tyjonlindsey at @TheOpening. pic.twitter.com/3o9TsKDsnO— B/R The Future (@BR_TheFuture) July 10, 2016Pretty much everything that happened in this video was super athletic and impressive.
The Broadcasting Commission of Jamaica (BCJ) wrapped up its sensitisation and awareness meetings in western Jamaica on Wednesday, March 20, with a successful session at Godfrey Stewart High School in Savanna-La-Mar, Westmoreland.More than 150 students took a break from the annual sports day activities to participate in the interactive one-hour session, where they were addressed by Executive Director of the BCJ, Cordel Green.Some of the topics discussed were: ‘Digital Switchover’; ‘Children’s Code for Programming’; ‘Managing Your Digital Self’; and ‘Traditional and New Media’.Speaking to JIS News after the meeting, Mr. Green said the three-school tour, held as part of the Commission’s media literacy programme, was an “overwhelming success”.He said the media literary programme is ongoing and the Commission will be seeking to reach more schools in western Jamaica under other phases. He said that discussions have already commenced for early follow-up sessions at Godfrey Stewart High.“They want us to go beyond their students and to engage with the parents as well. This will never stop because media literacy is an on-going exercise which is transformational,” Mr. Green said.Mr. Green in his presentation to the students, said the Commission is placing focus on the regulation of the electronic media, in light of the changing broadcasting landscape.“We are talking about the revamping of that legislative framework and revisiting the meaning of broadcasting, which is now taking in other platforms. We are not thinking about whether to regulate Internet Protocol Television (IPTV), rather the issue is whether the same regulatory approach to free-to-air television and cable would be extended to IPTV,” he stated.He said the large electronic billboards, which are “large programmable television screens” are also up for examination in the new electronic media policy, “which is on its way to the Cabinet, with a view to effecting changes sooner rather than later.”Grade seven teacher, Jody-Gaye Cummings, told JIS News that she was “very happy” for the Commission’s intervention.“The students needed it, because it will allow them to become more conscious of the social media, of the television, of the airwaves and the work that goes into protecting them as students so that they are not exposed to certain things that may damage their character and their psyche,” she stated. “They are now also more cognisant of the pros and cons of social media, which will influence their actions and better allow them to use these tools to their benefit rather than to their detriment,” Ms. Cummings told JIS News.The other schools visited were the St. James High School on March 6; and Barracks Road Primary in Montego Bay on March 7.The BCJ’s media literacy programme seeks to educate students about the pending change from analogue to digital broadcasting, called the “digital switchover” and challenges in the new media landscape.More than 20 educational institutions and 3,400 students have been engaged over the past two years.By Glenis A. Rose, JIS Reporter
OTTAWA — A youth facing terrorism charges in Kingston, Ont., is due in court for a bail hearing today.He was charged in late January after a Canadian police investigation sparked by a tip from the FBI and has been in custody ever since.His identity can’t be revealed under provisions of the Youth Criminal Justice Act.The RCMP said the youth knowingly facilitated a terrorist activity and counselled another person to “deliver, place, discharge or detonate an explosive or other lethal device” in a public place, though they also said no specific target had been set before they moved in.A 20-year-old man was arrested at the same time, but was released hours later.The bail hearing is expected to take two days, with the second one not scheduled until the end of the month.The Canadian Press
The theatre of the Centre has been an integral platform this year for many performers both locally and those that travelled to the Peace Region to perform for the community.The art gallery focused this year on having more local artists be able to display their work and sell at their own openings and functions which produced a lot of interest in the community.Workshops have been created and funded by the Centre; these are opportunities for local artists to come in and share about their art to help people discover things they might not know about and create new skills by participating in the workshop. In the future, the Centre is looking to provide more experiences for different age groups and by getting community input through Social Media as to what people want to see.There are various Art programs at the Centre such as Let’s Art that is a free Art program for children and teens as well as dance and theatre classes.The Bright Nights event in June captured the theme Classic Country, there was an expanded art market, with spinners and weavers, quilters and potters even a mobile kiln. There were big machines with rollers helping to create big prints that were then sold as part of the big print sale. This years event will be setting the stage for the 2020 BC Winter Games.Financially the NPCC is on track; there has been restructuring within the Centre with room rentals, creating new uses for previously allocated space with programs such as childcare. The Centre is always looking for a new opportunity to create and find revenue while keeping the costs of running things down. FORT ST. JOHN, B.C. – The NPCC has had a full and evolving year, and with the continued partnership with the City, the Cultural Centre continues to grow and thrive in its programs to maintain arts and cultural exposure in the North Peace region.The report for City Council outlined the NPCC’s shared partnerships with the City, theatre, art gallery, workshops offered, programs at the Cultural Centre, the Bright Nights event, funding, what’s to come and future plans.The NPCC thanked the City of FSJ for their continued support and shared how positive the Management Service Agreement between the City of FSJ and the NPCC has been as it has increased communication and by working together the Centre has seen improvements to the physical building and continued success in collaborated events. There has been a great success with finding new funding partners and continued support from old partners. With the help of community gaming grant and other applied and received grants this helps ensure programs and upgrading opportunities continue at the Centre. The City of FSJ is the major funder of the Centre supporting 24 percent of the budget, without that assistance the centre would be unable to operate as it does.The Centre received a $170,000 Gaming Grant for theatre renovations and is thankful the City matched those funds; all monies will help to refurbish the theatre by new carpeting replacing the seating, replacing theatre lights, curtains, and a paint job.Heading into the future, the season pass will continue for the ‘Presentation Series,’ Childcare has been made available since the closure of Oscare Daycare, and this grows new opportunity to help develop new relationships with the children and families. The Renovation is a big and exciting opportunity for the Centre and a Primary Liquor licence has been applied for to assist in what can be offered to Theatre patrons. The Centre will be hosting the Chocolate Festival this year and has partnered with the Literacy Society with a homework club.The NPCC future goals and wish list include working with the City and to be apart of the Downtown Revitalization plans, through refreshing the outside of the building and including more windows into the gallery, so people on the outside have a better idea of what is going on in the inside. Renovating the concourse and conference room to be more attractive to events. To replace the front doors and glass cubes to improve access and insulation to the building and to add a Marquee at the front of the building.
Chandigarh: Four Chinook heavy-lift helicopters made in the US were inducted into the Indian Air Force (IAF) here on Monday.After inducting the helicopters, IAF chief B S Dhanoa said induction of Chinook will be a game changer the way the Rafale is going to be in the fighter fleet. The first four of the 15 CH-47F (I) Chinook helicopters, which were ordered from Boeing in September 2015, were commissioned into the IAF’s 126 Helicopter Unit (HU) at a ceremony held here. Also Read – Uddhav bats for ‘Sena CM’The Chinook, twin-engine, tandem rotor, is multi-role, vertical-lift platform, which is used for transporting troops, artillery, equipment and fuel. The helicopter can carry out military operations not only during the day but at night too. Speaking at the function here, Dhanoa said, “Our country faces a multitude of security challenges, we require vertical lift capability across a very diversified terrain.” “The IAF operates from bases which are from sea level to very high altitude advance landing grounds. The helicopter will give the IAF quantum leap in terms of ability to transport cargo to precarious high altitude locations. The aircraft is one of its best in its category,” he said. Also Read – Farooq demands unconditional release of all detainees in J&KThe all-weather capable aircraft can also used for humanitarian and disaster relief operations and in missions such as transportation of relief supplies and mass evacuation of refugees. “It is a red-letter day for the Air Force as we are inducting the Chinook helicopters which gives us a tremendous capability, primarily in the inter-valley troop transfer. In inter-valley troop transfer, what is very important is ability to operate from high altitudes to take acclimatized troops from one valley to another valley,” he said while interacting with reporters here. Asked about Pakistan Air Force chief Mujahid Anwar Khan Saturday leading a fly-past at the Pakistan Day joint military parade in Islamabad, Dhanoa quipped, “The Pakistan Air Force chief was flying from rear cockpit, just look from where he was flying.” Citing an example about how Chinooks can be helpful in non-military roles, he said, “After the floods which occurred in Uttarakhand earlier and natural disaster in other hilly areas, there is a requirement to lift heavy loads, especially re-construction equipment so that we can open roads and communication can be re-established.” “The helicopter is not only with the Air Force for the military role, it is a national asset,” he said. Named after the courageous American-Indian tribes, the aircraft outperforms in its mobility, agility, flexibility and endurance, the IAF chief said. He said all the 15 Chinook helicopters will not be stationed at Chandigarh Air Force Station’s 12 Wing as another unit of heavy-lift choppers will be created in Dinjan (Assam). Air Officer Commanding-in-Chief Western Air Command Air Marshal R Nambiar, Major General Robin Fontes from the US, Boeing India head Salil Gupte and Haryana’s Director General of Police Manoj Yadava were among others present on the occasion.
The slowdown in real estate over the last few years and the constraints that India’s infrastructure sector has faced due to non-performing assets (NPAs) have had a significant impact on allied industries, none more than on the cement sector itself. A quick look at the share price returns for listed mini-cement stocks (smaller cement companies) over the last one year gives a good idea about the woes of the sector, with shares losing anywhere between 20 to 72 per cent of their market capitalisation. However, despite the slowdown, for patient investors wagering on the “India growth story” in the decades to come, the cement sector is one that provides for interesting opportunities through a platform structure. Also Read – A special kind of bondScale is critical to creating a successful cement-focused platform company in India. Operational efficiencies across the value chain and an aggregated distribution strategy will be the two pillars that may help build a profitable and better-hedged business. A smaller cement business faces greater headwinds under challenging market conditions. At a fundamental level, a smaller company is far more exposed to the vagaries of both input price fluctuations and selling price dynamics. Greater exposure to the vagaries of price fluctuations is due to a lack of scale of operations, lacking in geographical diversification, lower negotiating power with sellers and buyers, lack of consistent brand building and lower capacity to create the operational infrastructure to build an efficient supply chain at a relatively low cost. Also Read – Insider threat managementA large platform company will be able to build a distribution network through both scale and better negotiation capacity with suppliers and customers to create more robust contracts. Access to energy inputs is vital for cement production, and so is transportation to cater to a large user base. A platform with scale and resources can better identify potential synergies across both input costs and the sales process than relatively smaller firms. Additionally, the use of robust back-end technology platforms will help scale and operate effectively. To emphasise on the importance of input and logistics costs, one must look at the numbers for a significant cement operator such as UltraTech. In Q3 of 2019, power and fuel costs were approximately 23 per cent of the final sale price while logistics costs were a little less than 25 per cent even for a large-scale operator. The numbers drive home the fact as to how significant a component of the total cement value chain are power input prices and logistics cost. Utilising a platform company to aggregate, reduce and manage these costs will be vital for success. In a capital-intensive business such as cement, focusing on Return on Capital Employed (ROCE) is as critical, if not more, than in other industries. A financially savvy operator can help boost ROCE through aggregating smaller firms to focus on reducing costs, lowering input price and logistics cost volatility and building a more recognisable brand. Additionally, it is also vital to take a disaggregated view of the business to boost ROCE. The ability to view each asset in a portfolio regarding profitability is crucial to the aim of maximising ROCE. At a disaggregated portfolio level, assets that fail to recover their variable costs will need urgent attention from the platform operator to ensure that inefficient units aren’t hidden within a large aggregated business. Essentially, in a commoditised business a larger platform company will be able to generate greater cash flows during periods of high demand and when the business cycle downturn occurs the available cash and structural advantages of better contracts, and more efficient supply chains, will help weather the storm. The much researched and discussed Mexican cement business Cemex provides a template that can teach investors and operators alike. Improving efficiencies, lowering costs, negotiating longer-term low volatility contracts and creating a premium brand synonymous with quality even in a commoditised business such as cement is the way forward. True, the cement business faces challenges given the commoditised product and the sporadic instance of the loss of pricing power, but it is as much true that the impending housing and infrastructure demand in India is one that will create a significant opportunity. The ability of an operator to aggregate smaller cement businesses in India into a robust platform is a value proposition worth considering. (The author heads Development Tracks, an infrastructure advisory firm. The views expressed are strictly personal)
Mumbai: A 70-year-old man died apparently due to shock after his minor grandson was taken into custody by police in connection with a stone pelting incident in Osmanabad district of Maharashtra, an official said Thursday.Dattu Ganpati More died immediately after police apprehended his grandson from their house in Telmod village in Umarga taluka late on Wednesday night, the official said. More’s grandson was held as part of the operation launched to catch those allegedly involved in pelting stones at a police vehicle, he added. Also Read – Uddhav bats for ‘Sena CM'”More’s grandson and some other persons were found involved in hurling stones at a police vehicle over its alleged delay in reaching the spot of a car accident in which three people had died. The accident had taken place on Sunday,” the official said. The stone-pelters had later escaped from the spot. The police had registered an offence against a group of at least 25 persons, including More’s minor grandson. “As part of the combing operation, a police team went to Dattu More’s house late Wednesday night and took his grandson into custody. However, apparently shocked over the apprehension of the minor, More collapsed on the ground,” the official said. He was rushed to a nearby hospital, where he was declared dead before admission, he added.