Bungeni http://bungeni.org/ Fri, 04 Jun 2021 22:20:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://bungeni.org/wp-content/uploads/2021/05/bungeni-icon-150x150.png Bungeni http://bungeni.org/ 32 32 Broadening the scope in emerging economies and the emergence of autonomous flight technology https://bungeni.org/2021/06/04/broadening-the-scope-in-emerging-economies-and-the-emergence-of-autonomous-flight-technology/ Fri, 04 Jun 2021 22:00:00 +0000 https://bungeni.org/2021/06/04/broadening-the-scope-in-emerging-economies-and-the-emergence-of-autonomous-flight-technology/

DUBLIN, June 4, 2021 / PRNewswire / – The report “Helicopter Tourism Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Tourism Type and Property Type” has been added to ResearchAndMarkets.com offer.

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The helicopter tourism market was valued at $ 745 million in 2020 and should reach US $ 1,014.9 million by 2028; it is expected to grow at a CAGR of 3.94% from 2020 to 2028.

Aviation Accretion; Bird’s Eye View Helicopters LLC; Liberty helicopter; Cape Town helicopters; Helicopter Flight Services, Inc .; Maverick aviation group; Papillon Grand Canyon Helicopters; Zip Aviation; Heli Chicago and Lisbon Helicopters are among the few major players operating in the global helicopter tourism market.

The tourism industry has flourished over the years and is constantly growing. The tourism demand of all classes of society has led to the emergence of various types of tourism methods.

Road tourism dominated the industry for a long time, but robust new tourism methods have emerged in recent years, such as river tourism and air tourism. The increase in disposable income among the masses in developed countries as well as in developing countries has resulted in an increase in air tourism by helicopter. This factor has had a positive impact on the helicopter tourism market.

The helicopter tourism market is segmented on the basis of tourism type and property type. Depending on the type of tourism, the market is segmented into general tourism and personalized tourism. The tourism type segment is expected to experience significant growth during the forecast period. Based on the type of ownership, the helicopter tourism market is segmented into fractional ownership and charter service. The property type segment is expected to hold the largest market share during the forecast period.

The COVID-19 pandemic has affected all businesses around the world since December 2019. The continued growth in the number of patients infected with the virus has forced governments to ban the transport of humans and goods. The tourism sector has suffered heavy losses due to travel restrictions imposed by the government of several countries around the world, which has resulted in a drastic drop in the number of visitors to tourist spots.

In addition, social or physical distancing measures imposed by governments have limited social gatherings in tourist destinations. These adversities have led to the reduction in the business volume of the helicopter tourism market.

Main topics covered:

1. Introduction

2. Key points to remember

3. Research methodology

4. Scenery of helicopter tourism market
4.1 Market overview
4.2 Ecosystem analysis
4.3 Expert advice
4.4 PEST analysis

5. Helicopter Tourism Market – Key Industry Dynamics
5.1 Main market drivers
5.1.1 Growing tourism industry growth associated with positive economic outlook
5.1.2 Growing interest in air tourism
5.1.3 Growing Adoption of Helicopter Taxi Service
5.2 Key market restrictions
5.2.1 Impressive number of past helicopter accidents
5.3 Key market opportunity
5.3.1 Broadening the scope of action in emerging economies
5.4 Future trend
5.4.1 Emergence of autonomous flight technology
5.5 Impact analysis of conductors and stresses
5.5.1 Analysis of Driver’s Helicopter Tourism Market Impact and Restraints

6. Helicopter Tourism Market – Global Market Analysis
6.1 Global Helicopter Tourism Market Overview
6.2 Global Helicopter Tourism Market Forecast and Analysis
6.3 Market Positioning – Top Five Players

7. Helicopter Tourism Market Analysis – By Tourism Type
7.1 Overview
7.2 Helicopter tourism market breakdown, by type of tourism, 2018 and 2027
7.3 General tourism
7.4 Personalized tourism

8. Helicopter Tourism Market Analysis – By Property Type
8.1 Overview
8.2 Helicopter tourism market split, by type of property, 2018 and 2027
8.3 Fractional ownership
8.4 Charter service

9. Global Helicopter Tourism Market – Geographic Analysis

10. Impact of the COVID-19 epidemic

11. Industry landscape
11.1 Overview
11.2 Market initiative
11.3 Development of new products

12. Company profiles

  • Aviation Accretion

  • Bird’s eye view Helicopters LLC

  • Liberty helicopter

  • Cape Town helicopters

  • Helicopter Flight Services, Inc.

  • Maverick Aviation Group

  • Grand Canyon Butterfly Helicopters

  • Zip Aviation

  • Heli Chicago

  • Lisbon helicopters

For more information on this report, visit https://www.researchandmarkets.com/r/4hg4r7

Media contact:

Research and markets
Laura Wood, senior
press@researchandmarkets.com

For EST office hours, call + 1-917-300-0470
For USA / CAN call toll free + 1-800-526-8630
For GMT office hours, call + 353-1-416-8900

US Fax: 646-607-1907
Fax (outside the United States): + 353-1-481-1716

Cision

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South African tourism welcomes United’s nonstop service to Johannesburg https://bungeni.org/2021/06/04/south-african-tourism-welcomes-uniteds-nonstop-service-to-johannesburg/ Fri, 04 Jun 2021 19:20:20 +0000 https://bungeni.org/2021/06/04/south-african-tourism-welcomes-uniteds-nonstop-service-to-johannesburg/

On June 3, South African Tourism (SAT) and United Airlines celebrated the airline’s launch of a new daily non-stop service between New York / Newark Liberty International Airport (EWR) and OR Tambo International Airport in Johannesburg (JNB). The new flight will depart Newark daily at 8:45 p.m. and arrive in South Africa at 5:45 p.m. the next day. With the addition of this new route, United now operates more flights to South Africa than any other US carrier.

Yesterday’s Gate event, held at Newark Liberty Airport, featured a performance of the age-old indlamu dance by Zulu dancers who donned full traditional attire and were accompanied by live drums. Special guests at the ceremony included Dr Motumisi Tawana, Consul General of South Africa; Jerry Mpufane President, South African Tourism North America Hub; and Tom Kozlowski, head of international network planning, United Airlines.

THE ADVERTISEMENT

In fashion now

“We promised our travelers that South Africa will be waiting for them once travel can safely resume and in partnership with United Airlines, we are not just keeping that promise, but making the trip to Africa South easier and more accessible than ever. Mpufane said. “South Africa is a vibrant destination with astonishing diversity. With its bustling cities, natural space for outdoor experiences, cultures and stories rich to learn and discover, we are confident that it will exceed the wildest imagination of visitors and provide unforgettable memories.

The new Newark-Johannesburg flights will be operated aboard a Boeing 787-9 Dreamliner, which includes 48 United Polaris business class seats, 88 United Economy Plus and 116 United Economy seats.

South Africa reopened to tourism in November 2020 with the requirement that international travelers provide proof of a negative COVID-19 PCR test taken no more than 72 hours before arrival. Among the high health and safety protocols that remain in place is the mandate that residents and visitors wear masks when occupying public spaces.

Zulu dancers at United Airlines Newark-Johannesburg New Route Launch Event.
Zulu dancers at United Airlines Newark-Johannesburg New Route Launch Event. (photo courtesy of South African Tourism)

South Africa’s largest city, Johannesburg, is also one of the country’s main cultural hubs and is home to many landmarks, as well as prominent institutions, museums, theaters, galleries and libraries. It’s also a great base for exploring the rest of the country’s varied and vibrant landscapes, ranging from lush coastlines to grassy plains, mountains and deserts. The bustling provinces of South Africa provide plenty of opportunities to explore the region’s unique history and culture, observe local wildlife, and enjoy world-class accommodation and dining experiences along the way. .

For more information visit united.com.


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UPDATE 1-Businesses in the South African Rand as the dollar falls, are sourcing lightly. https://bungeni.org/2021/06/04/update-1-businesses-in-the-south-african-rand-as-the-dollar-falls-are-sourcing-lightly/ Fri, 04 Jun 2021 15:46:00 +0000 https://bungeni.org/2021/06/04/update-1-businesses-in-the-south-african-rand-as-the-dollar-falls-are-sourcing-lightly/

(Updates the rand; adds stocks, bonds)

JOHANNESBURG, June 4 (Reuters) – The South African rand strengthened on Friday and looked set for weekly gains, thanks to rising commodity prices and a weakening US dollar as investors turned to riskier but high yielding assets.

At 3:30 p.m. GMT, the rand was 1.16% firmer at 13.4725 to the dollar, trading at a new 28-month high.

The rand has advanced 2% this week and has gained more than 8% against the dollar this year so far.

“The rand strengthening bias remained broadly intact this week. … Most of the directional impetus came from the weakening US dollar and higher commodity prices which boosted South Africa‘s exports, ”said Kamilla Kaplan of Investec.

“At the same time, expectations of the United States (Federal Reserve) tolerating higher inflation and leaving monetary policy accommodative for a while have benefited high yielding assets. “

The dollar fell on Friday after data on non-farm wages in the United States showed hiring increased in May as the pandemic abated, but not as much as expected, tempering expectations that the Fed will tighten its policy. monetary policy as soon as possible.

Government bonds also strengthened and the yield on the instrument maturing in 2030 fell 12 basis points to 8.765%.

Johannesburg Stock Exchange (JSE) shares partially reversed the previous day’s losses to end the week almost at the same level as it ended last Friday.

Stocks were mainly boosted by weaker-than-expected US employment data, which eased fears of an overheating economy and thus allayed fears that strong employment data would be strong. mean higher inflation in the weeks and months to come.

The benchmark all-stock benchmark FTSE / JSE edged up 0.05% to end the week at 67,825 points, while the blue-chip 40-largest companies index closed 0.07% higher at 61,617 points.

The gain was led by the mining and industrial sectors thanks to high commodity prices and strong momentum in technology stocks, mainly the heavyweight of the Naspers Ltd. index. Naspers finished up 0.33%. (Reporting by Olivia Kumwenda-Mtambo and Promit Mukherjee; editing by Jonathan Oatis)


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Outlook for Africa Finance Corporation’s rating upgraded to stable by Moody’s https://bungeni.org/2021/06/04/outlook-for-africa-finance-corporations-rating-upgraded-to-stable-by-moodys/ Fri, 04 Jun 2021 11:11:00 +0000 https://bungeni.org/2021/06/04/outlook-for-africa-finance-corporations-rating-upgraded-to-stable-by-moodys/

NEW YORK,–(COMMERCIAL THREAD) – Africa Finance Corporation, the leading provider of infrastructure solutions in Africa, received an increase in its credit rating outlook from Moody’s Investors Service, which assigned a “stable” outlook.

The decision ratifies the second investment grade ranking among African institutions for AFC, with Moody’s upholding the company’s long-term and senior unsecured issuer ratings to A3 and the short-term issuer rating to P-2.

“The stable outlook underscores the resilience of AFC’s credit profile in the face of a significant shock from the Covid-19 pandemic,” Moody’s analysts concluded in a statement. “In light of developments over the past year, Moody’s expects AFC to maintain its intrinsic financial strength, with capital adequacy and strong asset performance, liquidity and funding. ”

AFC’s A3 rating is supported by its intrinsic financial strength, which includes a capital position as measured by its Basel II ratio which rose to 34.1% in 2020 from 32.9% in 2019. AFC’s financing and liquidity exceed the average for comparable A-rated institutions, with a liquidity-to-total assets ratio of 54% at end-2020, compared to 50% for its peers. Despite significantly weaker market conditions, the availability of AFC’s liquid resources increased to 125% of expected cash outflows in 2020, up from 121% in 2019, well above the median of 83% for A rated peers, bolstered by demonstrated access to market funding.

Moody’s decision is critical as AFC leverages its leading credit ratings to achieve the lowest borrowing costs of any institution on the continent and funnels that capital into vital energy infrastructure, transport, telecommunications and natural resources that stimulate local manufacturing and job creation. To date, the Company has invested over US $ 8.7 billion in projects in 35 African countries. Much more is needed: The continent’s worst recession in decades has increased the already substantial infrastructure financing needs, estimated at US $ 130 billion to US $ 170 billion per year.

“The main factor in shifting the outlook from negative to stable is AFC’s demonstrated ability to avoid erosion of its intrinsic financial strength despite the pandemic,” Moody’s analysts wrote in their report. In fact, “the Company’s capital adequacy has increased due to a slight decrease in its leverage ratio.”

Moody’s praised AFC for being “proactive in managing the risks inherent in the projects it finances” – a process which, according to the rating company, will continue until 2021 to deal with the consequences of the pandemic. The report also noted increased asset diversification: AFC’s exposure to the oil and gas sector, for example, has fallen to 18% of the overall portfolio, from 20% in 2019 and nearly 50% five years ago. years.

Investors showed their support for AFC’s business model in April by ordering 3.5 times more than the $ 750 million raised in seven-year Eurobonds at a record yield. The funding is in addition to commitments from an inaugural green bond last year as well as syndicated loans and concessional lines of credit resulting from AFC’s “strong partnerships” with commercial banks and development finance institutions, Moody’s reported. AFC was recently designated as an eligible organization to provide official development assistance through the OECD Development Assistance Committee.

An increase of $ 60 million from new shareholders combined with the issuance of $ 200 million in stock warrants to the Central Bank of Nigeria and a self-contribution of $ 115 million to reserves from profits of AFC in 2019 exemplify strong and continued stakeholder support, Moody’s said.

“Amid the unprecedented challenges for the development of our continent from Covid-19 and its consequences, it is gratifying to receive such strong support for our strategy and to maintain the confidence of a key lever in our access to global capital markets, ”Samaila Zubairu, AFC President and CEO, responded. “My thanks to the AFC team for their hard work and focus on updating AFC’s mandate to reduce Africa’s infrastructure deficit. We will continue to seek ways to accelerate development impact by creating jobs for young Africans seeking opportunities for better livelihoods. ”

For Moody’s full statement, please click here. Moody’s changes AFC outlook from negative to stable; confirms A3 notes

About AFC

AFC was established in 2007 to be the catalyst for private sector led infrastructure investments across Africa. It is the second highest rated multilateral financial institution in Africa. AFC’s approach combines specialized industrial expertise with a focus on financial and technical advice, project structuring, project development and venture capital to meet Africa’s infrastructure development needs and stimulate a sustainable economic growth.

AFC invests in high quality infrastructure assets that provide essential services in the basic infrastructure sectors of energy, natural resources, heavy industry, transport and telecommunications. To date, the Company has invested over US $ 8.7 billion in projects in 35 African countries.

www.africafc.org

Follow us on Twitter – @africa_finance


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Telkom’s only gift to an MP – a Samsung S8 smartphone for Julius Malema https://bungeni.org/2021/06/04/telkoms-only-gift-to-an-mp-a-samsung-s8-smartphone-for-julius-malema/ Fri, 04 Jun 2021 06:01:07 +0000 https://bungeni.org/2021/06/04/telkoms-only-gift-to-an-mp-a-samsung-s8-smartphone-for-julius-malema/

The Joint Committee on Ethics and Interests of Members of Parliament has published its register of financial interests of Members for 2019, which includes many freebies from telecommunications companies.

The purpose of the registry is to ensure transparency and to instill public confidence in Parliament.

All deputies (deputies) are required to declare significant holdings in companies, shares held and gifts received.

By making this information public through the registry, people will theoretically be able to get a better view of the factors that can influence the actions or words of an MP.

While many MPs take this seriously and have provided detailed descriptions of their interests, others have not disclosed their interests before the required deadline.

The committee is now considering imposing sanctions on MPs who have not disclosed their interests.

MyBroadband looked at the freebies that big telecom companies like Vodacom, MTN and Telkom gave to MPs during the reporting period.

Telkom only gave one MEP one gift: a Samsung Galaxy S8 smartphone worth R11,000 to EFF leader Julius Malema.

MTN has donated various goods to good causes sponsored by Members of Parliament. The freebies included bicycles, school shoes and projectors for schools.

MTN’s only personal gift to an MP was a bottle of 18-year-old Glenfiddich single malt whiskey from MTN SA CEO Godfrey Motsa to Finance Minister Tito Mboweni.

Vodacom was more generous and sponsored Durban July, Cape Town Jazz Festival and tickets for football matches to many MPs.

The table below gives an overview of the gifts of Vodacom, MTN and Telkom declared by the deputies.

Gifts, hospitality and benefits to Members
Company deputy Party Gift Value
Telkom Jules Malema FEP Samsung galaxy s8 11,000 rand
MTN Tito Mbowéni ANC Glenfiddich 18 year old single malt whiskey 1000 rand
Vodacom Obed bapela ANC Vodacom Durban July tickets 10,000 rand
Vodacom Obed bapela ANC Cape Town Jazz Festival 8,000 rand
Vodacom Barbara creecy ANC Flowers R400
Vodacom Cedrick Frolick ANC Cape Town Jazz Festival 8,000 rand
Vodacom Pinky kekana ANC Vodacom Durban July tickets Unknown
Vodacom Mmamoloko Kubayi-Ngubane ANC Vodacom Durban July tickets R4,800
Vodacom Charlie mathale ANC Vodacom Durban July tickets 14 142 R
Vodacom Thulas Nxesi ANC Three tickets to a football match R3.950
Vodacom Lindiwe Zulu ANC Flowers R500
Vodacom Lindiwe Zulu ANC Vodacom Durban July tickets 3,000 rand
Vodacom Holomisa bantu UDM Vodacom Durban July tickets Unknown

Now Read: Your ISP Should Now Report You for Movie & TV Piracy


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District semi-finals matches are set | News, Sports, Jobs https://bungeni.org/2021/06/04/district-semi-finals-matches-are-set-news-sports-jobs/ Fri, 04 Jun 2021 05:32:31 +0000 https://bungeni.org/2021/06/04/district-semi-finals-matches-are-set-news-sports-jobs/

Now that the brackets have been set, the quest for playoff success begins in earnest today for the Michigan State baseball and softball teams.

This includes more than a dozen local baseball and softball teams that will make the playoffs for the first time since 2019, after the coronavirus pandemic canceled the 2020 season last April.

Alpena will look to win the District Championships on their grounds today. The Wildcats are home to Traverse City West, Traverse City Central and Mt. Pleasant in a Division 1 neighborhood.

The Alpena softball team will start against West in a district semifinal at 10 a.m. and the Alpena baseball team will play against West at noon. District championships in both sports will follow at 2 p.m.

The Alcona softball team will also be in action today at Au Gres. The Tigers will face Au Gres at noon in the second of two semi-finals in a Division 4 district that also includes Mio and Hale.

In Gaylord, Onaway baseball only needs a win to claim a district title.

The Cardinals are already eligible for a Division 4 District Championship game pass and will face Gaylord St. Mary or Wolverine at 2:30 p.m. today.

The district playoffs continue on Saturday with the local districts of Rogers City and Johannesburg-Lewiston.

The Rogers City softball team will face Posen and Inland Lakes will face Onaway in the second of the two semi-finals.

The Hurons baseball team will also face Posen in the semi-final and Hillman will face Johannesburg-Lewiston in the other semi-final.

Johannesburg will host a softball district on Saturday with Atlanta and Hillman vying for a district final with the host Cardinals.

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South Africa reopens window for renewable energy boom https://bungeni.org/2021/06/04/south-africa-reopens-window-for-renewable-energy-boom/ Fri, 04 Jun 2021 05:01:01 +0000 https://bungeni.org/2021/06/04/south-africa-reopens-window-for-renewable-energy-boom/

South Africa is trying to ensure additional electricity production in a number of ways, but speed is key.

The Department of Mineral Resources and Energy (DMRE) launched the Independent Renewable Energy Producer Supply Program (REIPPPP) tender window 5 in March.

It will end on August 16, 2021. Bidders may submit written questions about the round – asking for clarification on the Request for Proposal (RFP) until July 16. Offers must be registered by July 26.

Interested companies must pay a fee of R25,000 ($ 1,720) to access more details.

In previous cycles, the time between selection and financial close was nine months, with construction expected to take 24 to 36 months.

“This has been shortened, in accordance with the rules defined as part of the risk mitigation procurement cycle. Now there are four months left for financial close and a maximum of two years for construction, ”said Ashen Jugoo, Fasken partner in Johannesburg.

“Even though these are not emergency tenders, the pressure is to get hold of them as quickly as possible. Projects should be online within 28 months.

Modification of terms

The REIPPP program has been around for some time. The first round took place in 2011. The fourth round took place in 2015, but progress then stalled.

Despite this shutdown, South Africa has accumulated a lot of goodwill and certainty on the part of project developers.

Actis energy and infrastructure partner Barry Lynch described South Africa’s renewable energy program as “the best in the world” in the early years, while noting that things have changed. recently faltered.

“It’s such a clear and transparent process, it attracts the big guys and there is a lot of competition. It’s great for South Africa.

Lynch noted the strength of the market in South Africa, with strong financial backing. “The rules are dead and they make a lot of sense. They have everything investors want, ”he said.

“It will be very competitive. The winner will be South African consumers, ”said the head of Actis.

“There have been some changes since Round 4 of REIPPPP, in the form of a Power Purchase Agreement (PPA), shifting some risks off the table to the private sector,” said Lara Bezuidenhoudt, partner of Fasken.

“If this had happened in the first round of REIPPPP it might have been unacceptable, but the government has built confidence in the previous four rounds and most of these differences are likely to be accepted by the private sector. .

Local needs

Jugoo said the government learned lessons from the risk mitigation procurement cycle in 2020.

“Empowerment score has been reduced from 30% to 10%, while price now counts for the remaining 90%. All other criteria are now qualifying criteria – you have to meet certain technical and legal factors to get into the score, ”he said.

In addition, the South African shareholding requirement has been increased to 49% and the participation of black women is to be 5%. “This concerns both the contracting authority and the contractors. This is a new and positive requirement, ”continued Jugoo.

The new documentation also puts more emphasis on compliance. “The efforts to combat corrupt practices have been greatly expanded,” he said.

Lynch noted the economic benefits of local manufacturing and local ownership. Actis is involved in “big projects” in rural areas of the country where unemployment is high.

To win

The supply window is in line with the ministry’s plan, which it presented in September 2020. The DMRE aims to subscribe a total of 11,813 MW from various sources, including renewables, storage, gas and coal. .

Within the framework of the offer window 5, the ministry aims to obtain 2,600 MW of electricity. This will cover 1,600 MW of onshore wind and 1,000 MW of solar photovoltaic (PV). The projects will be a minimum of 1 MW and up to 140 MW for onshore wind and 75 MW for solar photovoltaic.

One of the attractive factors is the range of opportunities in South Africa, said Lynch. The amount offered means that a developer has a better chance of winning work.

“It is necessary to balance the grid, too much wind for example could cause chaos,” said Bezuidenhoudt. “The challenge with producing charcoal was that it had to be distributed from an area northeast of Johannesburg to the rest of the country. Solar and wind provide an opportunity for a disaggregated grid.

Despite the new conditions, the interest is obvious.

“Only advanced projects will be put on the market during this fifth cycle. There are a lot of projects that have been built in the last four rounds that are in various stages of development. Some of these projects have even already been tendered, ”she said.

Jugoo agreed. “Despite the changes, we still hear about a large number of projects being tendered. Some developers are looking to bid on more than 10 projects. There are more than enough projects to resume the allocation of solar and wind power.

Stream search

South Africa needs electricity and the industry clearly wants to participate in the opportunities that present themselves. The lack of auction windows since 2015 – with the exception of the emergency cycle – has caused some problems.

“The new generation could be much more valuable to the country if there was a constant flow of IPP tours. When the REIPPPP started, new businesses were created and jobs were created. Due to the slowdown in the various rounds entering the market, some of these companies could not survive and jobs were lost, ”Bezuidenhoudt said.

Regular rounds to secure developers would help South Africa face its energy challenges. Neighboring countries could benefit from these lessons learned, such as Botswana, Lesotho, eSwatini and Namibia, she continued.

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The Latest: Arizona State-Managed Vaccination Sites Closed | national news https://bungeni.org/2021/06/03/the-latest-arizona-state-managed-vaccination-sites-closed-national-news/ Thu, 03 Jun 2021 22:13:30 +0000 https://bungeni.org/2021/06/03/the-latest-arizona-state-managed-vaccination-sites-closed-national-news/

Doctors at hospitals treating COVID-19 patients around the state cannot remember a single death of a vaccinated person. Yet health officials are struggling to convince certain groups to get vaccinated, especially young people and minorities.

Hispanic and black residents continue to be hospitalized at disproportionately high rates, according to state health officials.

Hispanics make up about 20% of the state’s population, but in recent weeks they made up about 28% of those hospitalized. Black residents make up nearly 4% of the state’s population, but have been hospitalized in recent weeks at double that number.

OLYMPIA, Washington – Washington is the latest state to offer prizes to encourage people to get vaccinated against COVID-19, with Governor Jay Inslee announcing a series of giveaways during the month of June on Thursday that includes lottery draws totaling $ 2 million, college helps with tuition, plane tickets, and gaming systems.

The incentive program, called “Shot of a Lifetime,” ends June 30 and applies to those who begin the vaccination process this month as well as residents who have already been vaccinated.

Washington joins several other states – including California, New Mexico, Ohio and Oregon – that have already established lotteries in hopes of speeding up the pace of vaccination, which has slowed in recent weeks.


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Grindrod Shipping Holdings Ltd. announcement of share buybacks https://bungeni.org/2021/06/03/grindrod-shipping-holdings-ltd-announcement-of-share-buybacks/ Thu, 03 Jun 2021 20:05:00 +0000 https://bungeni.org/2021/06/03/grindrod-shipping-holdings-ltd-announcement-of-share-buybacks/

SINGAPORE, June 03, 2021 (GLOBE NEWSWIRE) – Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or “Company” or “it” or “we”), a global provider of shipping services primarily to the dry bulk industry, announced takeovers actions.

Pursuant to the share repurchase authorization previously approved by the Company and granted by the shareholders at the last annual general meeting of May 20, 2021, the Company acquired a combined total of 33,467 common shares on the open market of the NASDAQ and JSE during the period from May 26, 2021 to June 1, 2021. The repurchased shares were acquired at an average price per share over this period of $ 8.46, or ZAR 116.62 based on ” an assumed ZAR / USD exchange rate of 13.79, before fees. The timing and amount of any redemption is at the sole discretion of the Company and depends on legal requirements, market conditions, share price, other uses of capital and other factors. The repurchases of ordinary shares may take place within the framework of over-the-counter and / or open market transactions. The redemption power expires at the next annual general meeting, unless it is renewed, modified or revoked by the shareholders at a general meeting, and can be suspended or terminated by the Company at any time without notice.

About Grindrod Shipping Holdings Ltd.

Grindrod Shipping primarily owns and operates a diverse fleet of long and short term owned and chartered solid bulk shipping vessels. The dry bulk business, which operates under the “Island View Shipping” (“IVS”) brand, comprises a fleet of 15 dry bulk carriers and 16 supramax / ultramax dry bulk carriers. The Company also owns a medium-range tanker on bareboat charter. The company is headquartered in Singapore, with offices in London, Durban, Tokyo, Cape Town and Rotterdam. Grindrod Shipping is listed on the NASDAQ under the ticker “GRIN” and on the JSE under the ticker “GSH”.

Forward-looking statements

Statements in this press release that are not historical facts may be forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe havens for forward-looking statements to encourage companies to provide forward-looking information about their activities. The Company wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and includes this caveat in connection with such safe harbor legislation. The forward-looking statements contained in this press release are based on various assumptions, including, without limitation, management’s review of Grindrod Shipping of historical trends, data contained in company records and others. data available from third parties. Although the Company believes that these assumptions were reasonable when made, as these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of the Company, the Company cannot assure you that it will meet or fulfill these expectations. , beliefs or projections. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, among others, those discussed in public documents filed by Grindrod Shipping with the SEC. Except as required by law, Grindrod Shipping assumes no obligation to publicly update or publish revisions of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unforeseen events.

Company details :
Martyn Wade / Stephen Griffiths
CEO / CFO
Grindrod Shipping Holdings Ltd.
200 Cantonment Road, # 03-01 Southpoint
Singapore, 089763
E-mail: ir@grindrodshipping.com
Website: www.grinshipping.com

Investor Relations / Media Contact:
Nicolas Bornozis / Daniela Guerrero
Capital Link, Inc.
230, avenue du Parc, office 1536
New York, New York 10169
Phone. : (212) 661-7566
Fax: (212) 661-7526
E-mail: grindrod@capitallink.com


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Covid-19 vaccination program discriminates against the poor – research https://bungeni.org/2021/06/03/covid-19-vaccination-program-discriminates-against-the-poor-research/ Thu, 03 Jun 2021 16:21:48 +0000 https://bungeni.org/2021/06/03/covid-19-vaccination-program-discriminates-against-the-poor-research/

A research project from the University of Johannesburg found that the Covid-19 vaccination program discriminates against the poor. (SAgovnews via Twitter)

  • A research project from the University of Johannesburg found that the Covid-19 vaccination program discriminates against the poor.
  • Research has revealed that residents of informal settlements do not have the money to travel to be vaccinated or adequate access to register for the vaccination.
  • The research project took place at Protea Sud.

The way the Covid-19 vaccination program for the elderly is administered in South Africa discriminates against the poor.

This was part of the findings of the University of Johannesburg‘s Social Change Unit, which led a research project at Protea South, Johannesburg.

Discussing the results in a webinar Thursday, Professor Kate Alexander, South Africa’s research chair in social change at the university, said the immunization system in its current form disadvantages poor people and should be addressed immediately .

According to the research, the Electronic Immunization Data System (EVDS), in principle, was a good idea because it should have reduced inequalities by vaccinating people in the order they signed up.

However, the government’s implementation shortcomings undermined this.

READ | SA does not achieve collective immunity. Our new goal is containment – here’s how it works

People with cars and money for gasoline can walk around vaccination sites until they find a relatively short line for “walk-in”. This is not possible for the poor who, as this case study shows, do not have the funds to reach their nearest site, let alone switch between them.

Alexander explained that impoverished people should decide to spend what little money they have, for food, on transport to get to vaccination sites.

Researcher Bongani Xezwi said there must be an official plan to get people to vaccination sites if they needed a lift, as an R44 round trip to the clinic was too much for most people who lived in the study area.

“Further, EVDS has been touted as a technocratic solution to a social problem. First, many people do not have the information they need to make an informed decision about vaccination.”

“People with smartphones and computers read posters online in English. Those without such gadgets and language skills need posters on the walls and leaflets in hand, preferably in their own language. , and they need a lot more radio and television coverage. “

“Second, although it is free and relatively easy to register over the phone, the steps are not sufficiently communicated and, again, the messaging system has favored an online process. People without access to any type telephone numbers, and there are still many, should not be excluded from information and registration. “

It was further argued that delivery issues with EVDS were partly related to efficiency. The program had been administered in a chaotic fashion, government communication had been chronically weak, and vaccination sites and staff were insufficient.

READ | Government awaits US FDA announcement on J&J vaccine delay

“However, it is mostly equity. Older people who are most in need of protection from the virus, those who live in overcrowded informal settlements where poverty is deep and pervasive, have more difficulty getting vaccinated. Impoverishment and its implications for deployment are reported in many ways, including prioritizing fighting hunger over protecting health, complaints that R10 for Panados is a large expense, volunteers in need of food and lack of access to information and registration. “

The case study also noticed widespread reluctance to take the vaccine, with people complaining about a lack of information from the government.

One of those people was Emily Mohapi, born in 1921.

During a webinar on the research project, Mohapi said she didn’t want to get the shot, but was later convinced after receiving more information.

Now one of those who had been vaccinated, Mohapi was grateful and felt more alive than ever. She also encouraged other elderly people to get vaccinated.

The following recommendations were made:

– Assist the CHWs [Community Health Workers] recruiting local youth who can help with education and registration; provide them all with smartphones and data; and draw on the mobilizing skills of experienced community activists.

– People must be brought to vaccines, or vaccines must be brought to people. Subways and local municipalities should second or recruit staff to coordinate transport for the poorest people to reach vaccination sites. Transportation can be taxis, volunteer cars, private taxis or buses. In addition, there should be a move towards the use of mobile vaccination units.

– When people are vaccinated, they should be offered Panados and free masks; and free masks should be available in clinics, schools and other public places.

– The government should provide emergency financial assistance in the form of improved pensions and the reinstatement of the distress social assistance allowance.

Meanwhile, the C19 Popular Coalition’s (COWG) community organizing working group, which collaborated on the research project, strongly opposed the Ministry of Health’s immunization process.

READ | Covid-19 deaths in SA could be three times higher than reported – researchers

“The registration system as it is currently in use faithfully reflects the fact that the South African government prioritizes profits over people’s lives. It is clear that accessibility to EVDS by the working class and the poor was not a consideration when the system was created. . “

“There is a looming crisis with the safety of our seniors even though, thanks to vaccines, we now have the means to do it. They don’t know how to use the technology, they don’t have the money to buy data. expensive, and worse yet, their public pensions are not enough to allow them to make ends meet. “

As of June 2, the number of people over the age of 60 vaccinated with the first dose of Pfizer vaccine stood at 637,801.

The total number of health workers vaccinated under the Sisonke program was 479,768.

The country had so far recorded a total of 1,675,013 confirmed SARS-CoV2 infections, which have caused Covid-19.

The death toll from Covid-19 as of June 2 stood at 56,711.


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