“This transaction is a strategic quantum leap for BJM Securities, presenting it with a strong and enviable growth path into frontier markets,” said BJM group CEO Andile Mazwai. “We believe that Renaissance represents a best-fit for BJM Securities for its unique geographic footprint, its winning culture and adventurous spirit.” In 2009, Renaissance Capital topped the league tables on London’s AIM market, acting on more equity capital markets and merger and acquisition transactions than any other investment bank. Russian-based emerging markets investment bank Renaissance Capital is to acquire the whole of BJM Securities, the brokerage business of South Africa’s Barnard Jacobs Mellet group, for about R207-million. Founded in 1985, BJM Securities is the leading independent full service broker-dealer in South Africa, and is known for its outstanding research franchise, having been ranked first in South African research surveys. Renaissance Capital announced its entry into South Africa in February this year and appointed Clifford Sacks, former South Africa co-CEO at Merrill Lynch, to lead its South African and pan-African equities businesses, and the acquisition will significantly increase the firm’s presence in the country. “When completed, the acquisition will mark a major step in building the first truly pan-African investment banking franchise stretching from the Cape to Cairo.” 4 May 2010 National resources transactions It entered Africa in 2007, and today maintains offices in Nigeria, Kenya, Zambia and Ghana, and was one of the most active dealmakers on the continent last year, executing 18 transactions in 10 countries, and has carved out a particular niche in natural resources transactions in the oil, gas, mining and agricultural sectors. Renaissance Capital is a leading investment bank focused on the emerging markets of Russia, Ukraine, Kazakhstan and sub-Saharan Africa. It provides the full range of investment banking products and services, including equity and debt sales and trading, corporate advisory, capital raising, research, structured solutions and derivatives. “BJM Securities’ high calibre team, market-leading research franchise and client-centric approach make it a perfect business and cultural fit for Renaissance Capital,” Sacks said in a statement this week. Over the last 12 months it has raised US$5.8-billion in equity and debt capital for clients in those sectors globally. The transaction is still subject to BJM regulatory and shareholder approvals, although Renaissance Capital has already obtained irrevocable undertakings from 68% of shareholders that they will vote in favour of the deal. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material
Here is a summary of the week’s Web Tech action on Read/WriteWeb. For those of you reading this via our website, note that you can subscribe to the Weekly Wrapups, either via the special RSS feed or by email.Web News This week the Facebook Beacon saga came to an end, after the company added a global opt-out to their controversial advertising system, and CEO Mark Zuckerberg apologized for the way they’d handled the rollout. Earlier in the week Facebook’s stance was:We Don’t Collect Info Unless You Opt-In, but by the end of the week it was clear that a global opt-out was the only thing that was going to make the controversy go away.See also Alex Iskold’s in-depth analysis of Facebook and The Myth Of Contextual Advertising, for a critical look at Beacon.In other Facebook news, Facebook apps hit 10k in number – so the web app platform is still going strong, even if the advertising platform is a mess.OpenID 2.0 finally launched this week, after what Marshall Kirkpatrick recently described as “a long, long time of political infighting over either semi-relevant minutea or deal-breaking technical details.” The new version improves security and usability — and will hopefully be the catalyst for more Internet companies to adopt it.A week doesn’t go by these days without some Google news. This week we heard that JotSpot will spawn Google Sites, an intranet and extranet site building tool. Also Compete provided data that showed Google Docs as clear leader in the Web Office market. Finally, Google announced that GMail is adding AIM.In other news this week:Online Ad Spend to Jump in 2008 Thanks to Sports, PoliticsWikipedia to Pay Illustrators3.3 Billion Mobile Phone Subscriptions; 35% of US Tweens Own a Mobile phoneAdobe Debuts Flash Media Server 3 – Slashes PriceUS Congress: Wifi Providers Must Report Dirty Pictures to GovernmentMingleNow to Close 7 January – Forced By Yahoo?Internet to Invade the AirwaysBlog Council Launches, Fumbles on Day OneMicrosoft Advances XBRL Data Standard in the US, Paving Way for Big Innovation In Financial AnalysisWeb ProductsFluc: Put Your Mobile Phone to Work For You Australian startup Fluc is an innovative new mobile advertising network that not only lets publishers monetize their content, but also lets mobile users opt-in to be paid to recieve targeted SMS-based advertisements.Meebo + Platform + VideoEgg Ads Suddenly Makes Business SenseIn a move further differentiating themselves from countless other platform plays, web-IM service Meebo announced this week that they have partnered with VideoEgg to offer Meebo platform participants a 50/50 revenue split from the high-profile video and overlay ad network. While other platforms take a hands-off approach to partner advertising, Meebo is delivering it themselves.BookSwim is Netflix for BooksBookSwim is essentially a Netflix-like rental by mail program for books. You sign up, choose the books you want, they get mailed, you send them back when you’re done and get the next book on your list. Josh Catone had trouble grasping what makes the service useful to the average reader. It may be, however, that the service isn’t useful to the average reader.Other Web products reviewed this week:Recommendation Engine MyStrands Expands War Chest to $55m to Go Beyond MusicMixx, a Gorgeous Digg Competitor, Gets in Bed With LA TimesGroceryGuide Saves You Money on FoodSourceForge.net Launches Open Source Services MarketplaceFacebook not for You? Multiply.com’s Upgrade Looks GreatAnalysisWeb Office: 2007 Year in Review Why Tech Companies Need Simpler Terms of Servic… Tags:#web#Weekly Wrap-ups Top Reasons to Go With Managed WordPress Hosting richard macmanus Other analysis posts:Commercials As Content – 7 Places to Watch Ads On PurposeThe Digg EffectR/WW Network Blogslast100 The big story on our Digital Lifestyle blog last100 this week was Nokia and Universal’s announcement of “Comes With Music” devices . Announced at the annual Nokia World conference, “Comes With Music” will enable customers to buy a Nokia device with a year of unlimited access to “millions of tracks”, and, rather surprisingly, get to keep those tracks once the twelve month period ends. Of the four major labels, however, Universal Music is the only one to have signed on. In a follow up post, last100 editor Steve O’Hear noted that “Comes With Music” service will employ Windows DRM. Alt Search EnginesThis week on AltSearchEngines, editor Charles Knight announced The Alternative Search Engine of the Year, 2007. He had narrowed down his popular Top 100 list to 10 finalists, and the winner was…. Quintura! In Charles’ view, Quintura has demonstrated it will “‘rock and shock’ the Search world and alter the staus quo.”Also this week Charles reported live from SES Chicago. Some highlights:Transformaton of Local in a Search-Driven WorldNet Neutraity: “Won’t be fooled again!”Personalization, User Data & SearchRead/WriteTalkThis week Sean Ammirati of Read/WriteTalk stopped by Yahoo’s Brickhouse and bumped into some Irish entrepreneurs, who were touring Silicon Valley. In the resulting interview, Sean noted that it was “a good reminder how far the US has to go, [after] hearing their reflections on how bad broadband and mobile communications are here.”PollThis week Technorati launched a re-design, including a news aggregator frontpage nickamed ‘the Percolator’. We asked RWW readers: Is the Technorati Percolator Useful as a News Aggregator?. The results:Yes, I will use it daily 11% Yes, but only every few days 11%Meh, maybe I’ll check every week or so 5% No, this isn’t useful as a news aggregator 35%Percolator? Isn’t that a coffee maker? 39% The ‘WTF’ option got the most votes, indicating that most people didn’t like (or get?) the percolator concept. But overall, it seems most respondents won’t use Technorati as their daily news aggregator. However Technorati is obviously still a very useful as a place to go for blogosphere links and data.That’s a wrap for another week! Enjoy your weekend everyone. Over the next few weeks we’ll be reviewing a number of Web product categories on Read/WriteWeb, summarizing what’s happened in 2007 – and what to look forward to in 2008. We started with the Web Office, a market that underwent a lot of changes this year. Probably the biggest change was that Google Apps ramped up this year, starting with the release of Google Apps Premier in February. And 2007 continued the trend of acquisitions in this market, which started in 2006 with the likes of Writely and JotSpot. In 2007 Yahoo acquired Zimbra and Google acquired a number of small startups – including GrandCentral (online telephony service) and Zenter (presentations software). Check out the full article for all you need to know about Web Office in 2007.2008 Will Be The Year of Business Networking In this post Bernard Lunn delivered three reasons for the above prediction, plus six specific predictions and one interesting dark horse. One of the predictions was that there will be a globalization roll-up. There are business networks in Germany (Xing) and France (Viadeo) where LinkedIn does not play well, for simple language reasons. The same may be true in other non-English speaking markets – and if not, the land grab is still open folks! 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Related Posts richard macmanus Every now and again some of us at ReadWriteWeb pop up in video or podcast recordings. Our VP Content Dev Marshall Kirkpatrick moreso than me, as he is based in the US. And Marshall is appearing on an interesting live video show tonight, called Strange Love Live. It will be broadcast live on Ustream at 10pm PST tonight (Friday). Hosted by Cami Kaos and Dr. Normal, Strange Love Live focuses on the latest happenings in online tech – calling on techies around the Portland, Oregon area to provide insight into their areas of expertise. Interesting without being dull, recent topics have ranged from OpenID to WordPress to iPhone apps. We’re looking forward to seeing Marshall live tonight! Tune in at 10pm PST.Update: We’ve got the Ustream show embedded below, while it streams live:Live Broadcasting by UstreamRecent RWW Appearances on The InterwebsYours truly (RWW editor Richard MacManus) was interviewed at Web 2.0 Summit in San Francisco by Alison McNeill of bub.blicio.us: Marshall Kirkpatrick was recently on the popular TWiT.tv show [email protected] with Amber and Leo. The hosts Amber MacArthur and Leo Laporte had a lot of fun trying to pronounce our name – hence the episode title of WeadWiteWeb!Also check out Marshall’s podcast with The Recruiters Lounge, talking about our new product Jobwire, and Jason Cormier’s interview with Marshall on Capture The Conversation. Top Reasons to Go With Managed WordPress Hosting Why Tech Companies Need Simpler Terms of Servic… Tags:#Podcasts#Video Services#web 8 Best WordPress Hosting Solutions on the Market A Web Developer’s New Best Friend is the AI Wai…
Former Chief Justice of India R.M. Lodha will lead a three-member panel to decide on the quantum of punishment to be handed out to Gurunath Meiyappan, Raj Kundra, CSK and RR.Former Chief Justice of India, Rajendra Mal Lodha has his task cut out as chairman of the Supreme Court appointed committee that will decide on quantum of punishment to be imposed on Gurunath Meiyappan, Raj Kundra and the two IPL teams under scanner.Besides, the panel will also examine and make suitable recommendations to the BCCI Rules, Memorandum of Association and regulations to deal with various contentious issues listed in the judgment including how to avoid conflict of interest situations.The decision of the panel will be eagerly awaited by cricket lovers across the country. Justice Lodha, on his part, said the panel will do everything possible to bring in “transparency and accountability” in cricket administration. He also said the panel will go by the directives of the court aimed at preserving the “purity of the game.”Besides Lodha, the panel also comprises of retired Supreme Court judges justice Ashok Bhan and R.V. Raveendran.”Cricket needs to be saved and we will ensure that the fans are not disappointed. We will do our best to bring in transparency and accountability,” Justice Lodha told MAIL TODAY.The fate of N. Srinivasan’s son-in- law and Chennai Super Kings Team Principal Meiyappan as also Rajasthan Royals co-owner Raj Kundra – found guilty of betting and having links with bookies by the Supreme Court – hinges on him.advertisementVirtually spelling the endgame for the two top IPL teams, a bench of Justices T.S. Thakur and M.I. Kalifullah said the franchises should also face punishment for the acts committed by its team officials.While the punishment for the officials can range between warning to suspension for a lifetime depending upon the nature and the gravity of the offence committed, the franchises could even be scrapped.”The judgment has been given by the highest court of the land and we will go by the several sweeping directions aimed at preserving the purity of the game,” Lodha said.The panel headed by him will also examine the role of IPL COO Sundar Raman with the help of investigating team earlier constituted by the court under IPS officer B.B. Mishra. The panel has been given six months to submit a report to the Supreme Court.The court had scrapped an amendment to the Rule 6.2.4 of the BCCI which allowed administrators (like Srinivasan) to own a team saying “it is the true villain in the situation at hand”.”An amendment which perpetuates such a conflict of interest cannot be countenanced and shall have to be struck down,” said the court.”Justice Lodha as the chairman of the new panel to prescribe punishment is a good choice. He will consider all aspects and weigh all options being a true lover of the game,” said justice Mukul Mudgal when his opinion was sought about him.The court had noted that it doesn’t want to give BCCI the power to impose the punishment as it won’t be “appropriate.”It handed the responsibility on the panel saying it would make the entire process “objective and transparent.” “One of the issues that would fall for determination in the light of these findings would be whether we should impose a suitable punishment ourselves or leave it to the BCCI to do the needful. Having given our anxious consideration to that aspect we are of the view that neither of these two courses would be appropriate,” the bench said on Thursday.
LAVAL, Que. – The body of a 14-year-old Laval, Que., girl missing since Monday has been found in a stream behind her school.Athena Gervais left Ecole Poly-Jeunesse at lunchtime on Monday but didn’t attend classes in the afternoon and did not return home.Laval police spokeswoman Genevieve Major says the body was found around 4:30 p.m. Thursday.Police have not yet indicated how the teenager died.Major says the girl did not have a history of running away.A command post has been set up at the school as police continue their investigation.
LEAVE A REPLY Cancel replyLog in to leave a comment Poet Eve Joseph is shown in a handout photo. Joseph is the Canadian winner of the $65,000 Griffin Poetry Prize. The Victoria-based writer received the honour at a Toronto gala on Thursday for “Quarrels,” published by Anvil Press. THE CANADIAN PRESS/HO-Griffin Poetry Prize Advertisement Login/Register With: The Victoria-based writer was recognized for “Quarrels,” published by Anvil Press, a collection of prose poems that explores the logic of the illogical.In their citation, judges said the poems capture “the intriguing spaces and moments defeating the boundaries of the real.”As she stepped down from the podium, Joseph said she was overcome by a similar sense of unreality.“I feel like I’m a little bit out of my body. But also, paradoxically, in my body, completely here and present, and savouring it,” she said in an interview.“One does not expect to feel and experience this in one’s life.”The Vancouver-raised, 66-year-old writer said “Quarrels” marked a departure from her previous two collections, and, despite having won one of the richest prizes for poetry, Joseph said she feels she still has work to do to master her craft.“The form is as much about reach for me as anything. I was reaching all the time to be able to find that blend of the ordinary and the strange — the marvellous,” she said.“It’s not the literal truth, but it’s the marvellous truth.”Joseph won the B.C. Book Prize for non-fiction in 2015 for her memoir, “In the Slender Margin,” about how personal loss informed her 20 years working as counsellor in a hospice.Having retired last year, Joseph said the time she spent immersed in the “extremity” of the human story helped her find the “bigger-than-life stories” in writing “Quarrels.”“My mother was a storyteller, but I grew up not knowing what was truth and what was fiction,” she said. “When I look back, fiction is way more interesting to me.”The international prize, also worth $65,000, went to Don Mee Choi’s translation of Korean poems written by Kim Hyesoon in “Autobiography of Death,” published by New Directions.The Seoul-born, Seattle-based translator will receive 60 per cent of the cash prize, and the remaining 40 per cent will go to Hyesoon, who is from South Korea.Griffin trustee Ian Williams said the theme uniting this year’s finalists was death, which seems to loom large over today’s world, but their take on the subject was not as morbid as one would expect.“There’s this sort of return to death … but it’s actually not so bleak,” the Vancouver-based poet and author said. “I think there’s sort of a political engagement that’s happening these days, but there’s still that sort of lining of hope, which I think is sort of refreshing and redemptive.”Thursday’s poetry bash featured a who’s who of Canada’s literary scene, including award-winning writers Michael Ondaatje, Michael Redhill and David Chariandy, as well as former governor general Adrienne Clarkson.Plush birds were perched on branches throughout the hall in Toronto’s Distillery District in keeping with the evening’s avian theme, which the prize’s founder and chairman Scott Griffin said was meant to represent “poetry taking flight.”Montreal writer Nicole Brossard, recipient of the $20,000 Lifetime Recognition Award, was also honoured at the dinner reception.This year’s Canadian runners-up were former Toronto poet laureate Dionne Brand for “The Blue Clerk” (McClelland & Stewart) and University of Waterloo professor Sarah Tolmie’s “The Art of Dying” (McGill-Queen’s University Press).For the international prize, the other contenders were British-Jamaican spoken-word poet Raymond Antrobus’ “The Perseverance” (Penned in the Margins); Chicago-based Daniel Borzutzky’s “Lake Michigan” (University of Pittsburgh Press); and Ani Gjika’s translation of Albanian poems written by Luljeta Lleshanaku in “Negative Space” (Bloodaxe Books).In addition to the grand prize winners, each finalist also received $10,000 for participating in Wednesday evening’s readings at Koerner Hall.According to prize organizers, judges Ulrikka Gernes of Denmark, Srikanth Reddy of the United States and Kim Maltman of Canada culled this year’s short list from 510 books of poetry, from 32 countries, including 37 translations.By Adina Bresge ~ The Canadian Press Advertisement TORONTO – Eve Joseph was so shocked to be named the Canadian winner of the $65,000 Griffin Poetry Prize, she had to bite her tongue to keep from swearing.“Holy something,” Joseph said as she accepted the honour at a Toronto gala Thursday night.“The only thing I can possibly say is thank you for falling in love with poetry, so we, too, and others can fall in love.” Twitter Advertisement Facebook
Facebook Twitter Google+LinkedInPinterestWhatsAppThe PNP Administration plans to bring new legislation in quarter three of this fiscal year related to the highly touted, Sovereign Wealth Fund. However, before that happens an electronic only consultation process is launched. The Ministry of Finance maintains this SWF will safeguard the economy from external economic shocks. Finance Minister Hon Washington Misick said: ““This consultation will provide individuals, professional bodies, businesses, churches and other stakeholders, with a voice and vital input into how we plan for the future of our country.” Related Items: To review the ‘Paper for Public Consultation on Sovereign Wealth Fund, visit the TCIG Website. Facebook Twitter Google+LinkedInPinterestWhatsApp