South Africa’s fifth undersea cable

first_img14 May 2012 The West African Cable System (WACS), the fifth submarine cable system to link South Africa to the rest of the world, was formally launched on Friday, promising further improved bandwidth connectivity down the west coast of Africa. WACS was initiated by the South African government as a collaborative effort of African governments and leading telecommunications operators. “Through Broadband Infraco, the South African government is proud to be a pioneering partner on the West African Cable System, a cable that will light up large areas of the west coast of Africa,” Public Enterprises Deputy Minister Ben Martins said at Friday’s launch. “For the first time in Africa’s history, open access connectivity will liberalise African ICT markets in Namibia, the Democratic Republic of Congo (DRC) and Togo,” Martins said. South African state company Broadband Infraco’s investment in WACS entitles the company to 11.4% of the system’s total capacity, which will help the country meet its target of providing broadband connectivity to all South Africans who need it by 2020. It will also help the company’s to further reduce the cost of telecommunications in the country. One of the main objectives of the cable, Broadband Infraco said on Friday, was to “secure international connectivity and capacity in support of projects of key national importance … being championed by various state vehicles”. Mandla Ngcobo, chairperson of Broadband Infraco’s board, said broadband access and speed was crucial to the government’s economic growth and job creation plans. Source: BuaNewslast_img read more

JSE’s AltX marks 10th anniversary

first_img31 October 2013 The Johannesburg Stock Exchange (JSE) this week marks the 10th year anniversary of AltX, the exchange’s board for fast-growing small and medium enterprises. AltX has a market capitalization of R15.4-billion, with 60 companies currently listed. Since its inception, 106 companies have listed on AltX, while 22 companies have subsequently migrated from AltX to the JSE’s main board. Its top three sectors by market capitalisation are industrials, financials and basic materials, which together make up 91% of overall market cap. “Ten years on we believe that AltX is even more relevant today, as South Africa desperately needs to grow small businesses to create employment,” Nicole Cheyne, client relationship manager for AltX, said in a statement on Wednesday. “AltX provides smaller companies not yet able to list on the main board with a clear growth path and access to capital. That a number of companies have grown sufficiently to qualify for migration to the main board is testimony to AltX clearly meeting its objectives.” Cheyne believes that a listing on AltX offers companies numerous benefits, including access to a large investor pool, greater opportunities for profiling, and enhanced relations with banks, suppliers, distributers and customers. AltX companies are also better able to retain and attract talent through share options. “JSE research amongst AltX executives strongly indicate that they believe that their listing has helped them meet their objectives, whether these be raising capital, improving business processes or distinguishing them from their unlisted peers,” Cheyne said. “Over 92% of respondents surveys indicate that they made acquisitions post their listing, indicating that AltX is a catalyst for growth.” For investors, AltX offers investment opportunities in high-growth companies with solid fundamentals. “Investors have the peace of mind that a listing on the AltX goes hand in hand with a requirement that companies comply with all the rules and regulations of the JSE and participate in the high standards of corporate governance,” Cheyne said. The World Economic Forum’s (WEF’s) latest Global Competiveness Report, released in September, ranks South Africa first out of 148 countries for regulation of securities exchanges for the fourth consecutive year. SAinfo reporterlast_img read more

India can still bid for the 2019 Asian Games says OCA chief

first_imgThe Olympic Council of Asia (OCA) is pitching for India to host the 2019 Asian Games for more than one reason.Realising the importance of India as a growing and dominant sporting nation in the region, OCA president Sheikh Ahmad Al Fahad Al Sabah said he and his colleagues in the OCA will extend all possible help to the Indian Olympic Association (IOA) to bid and host the Asian Games in 2019.”For us in the OCA, India is very important because it hosted the first Games in 1951 and when OCA was formed in 1981, New Delhi again hosted the Games in 1982. Moreover, you have shown the world what you can do by hosting the Commonwealth Games successfully last month. I congratulate you and your government for that,” said the OCA chief.Asked if India could still bid to host the 2019 Games, he said there was still some time left for the IOA to complete the bid formalities.The OCA, it is learnt, has given time till February 2011. He, however, assured that India will get a wholehearted and unstinted support from other nations in the region. “We will definitely ensure that,” added Al Sabah.This has, of course, given a flicker of hope for the IOA to complete the unfinished task of submitting papers relating to the bid to the sports ministry which wanted a well-planned bid document that would answer all questions.The OCA chief was cryptic in his message on political interference, saying that his job was to manage sport and he would not like to speak on what the government or political masters think.advertisement”I can give only one example and that is about Kuwait. Since we are part of the Olympic movement, our job is to follow the IOC principles. My team is here and participating under the OCA banner,” he said.He also seemed to be going out of the way to help India on another front. To a question whether cricket would be taken off the Games, like the next hosts Incheon (Korea) wanted, he said: “The General Assembly unanimously passed a resolution not to accede to Incheon’s request.We decided to have all 28 Olympic disciplines and seven more regional sports, including T20 cricket,” he said.The Sheikh, while agreeing that the Indian cricket teams’ (men and women) presence would have helped the cause of the sport, also hoped they would do so in the next Games. “I am thankful to them for making all the early spadework to get cricket included in the Games. I hope they would definitely make it to the next Games.”last_img read more

Fantasy: 11 under owned Premier League players

first_imgGaming Fantasy Football: Rooney, Ozil, and more players who should be in your team Kevin DeVries Fantasy Football Writer 00:43 12/21/17 FacebookTwitterRedditcopy Comments(0) Wayne Rooney Everton Getty Images Gaming Premier League Leicester City v Crystal Palace Watford v Huddersfield Town Chelsea v Southampton Stoke City v West Ham United Manchester City v Tottenham Hotspur West Bromwich Albion v Manchester United Everton v Swansea City Swansea City Everton Leicester City Manchester United Crystal Palace Huddersfield Town Watford Chelsea Southampton Stoke City West Ham United Tottenham Hotspur Manchester City West Bromwich Albion Mesut Özil Our Fantasy writer picks outs 11 players who should be owned at a far higher rate including stars from Arsenal, Tottenham, Manchester United and more One of the biggest problems for Fantasy players, for both experts and fans alike, is bias. Coming into the season we have our favourites and often cling to them too long, and too often we have players that we dislike and therefore ignore – despite plenty of evidence that they would help our teams. This is why statistics are so important in real and Fantasy football alike, as the numbers are objective and are the perfect tool for countering bias. As such, here are 11 players who, for some reason or another, are owned far below their current value and performance level and would be worthwhile additions to your teamGoal-Fantasy-Football-registertowinFOR: Wayne Rooney – Everton, £7.6m, owned in 7.2% of teamsOver the last five matches, no player has scored more Premier League goals than Wayne Rooney (6). While some may dismiss him due to his downward career trend, the goals are still clearly there and he has value as long as they are. Everton do have a rough schedule ahead with three top five defences in the next five matches, but Rooney is not one to shy away from a challenge having already scored against Manchester City, Arsenal, and Liverpool this season. Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player FOR: Richarlison – Watford, £6.4m, owned in 4.39% of teamsFOR: Charlie Austin – Southampton, £6.6m, owned in 2.01% of teamsCharlie Austin Southampton Everton Premier LeagueMID: Son Heung-Min – Tottenham, £7.3m, owned in 7.37% of teamsMID: Mesut Ozil – Arsenal, £7.5m, owned in 6.46% of teamsThis would have been an even sneakier shout before his wonderful goal at the weekend, but he’s still heinously under-owned. Ozil is currently second in both chances created and accurate crosses over the last five which signifies that he should start picking up assists sooner rather than later. Oh, and Arsenal play just two top ten defences between now and February.MID: Wilfried Zaha – Crystal Palace, £6.9m, owned in 2.43% of teamsMID: Jesse Lingard – Manchester United, £6.1m, owned in 2.21% of teamsUnder owned fantasy 20-12 graphicLingard has been on an absolute tear of late, notching four goals and an assist in his last five matches. Perhaps even more important is the fact that he started all of those matches and seems to have earned the trust of manager Jose Mourinho. He is a terrific budget differential and will face just one top ten defence in the next five matches.DEF: Andreas Christensen – Chelsea, £5.2m, owned in 2.96% of teamsDEF: Arthur Masuaku – West Ham, £5.1m, owned in 0.15% of teamsMasuaku is the perfect embodiment of this kind of article. Literally owned in less than one percent of teams he, and the West Ham defence, have kept three consecutive clean sheets – including against Chelsea and Arsenal. His attacking play also could earn him positive returns as Masuaku has had more successful take-ons than any defender in the league and sits top five among all players on the season. His blank in MW21 is unfortunate, but the ease of the fixtures surrounding it make that a risk that may just be worth taking.Premier League Worst Team of the Week Arhtur MasuakuDEF: Ashley Williams – Everton, £5.7m, owned in 2.5% of teamsGK: Adrian – West Ham, £5.2m, owned in 0.15% of teams goal-fantasy-football-banner Check out Goal’s Premier League 2019-20 fantasy football podcast for game tips, debate and rivalries.last_img read more