SA banks’ governance ‘sound’

first_img13 May 2003The Reserve Bank is happy about the “positive” report from an independent review on corporate governance of the five largest banking groups in the country – Absa, FirstRand Bank Holdings, Investec, Nedcor and Standard Bank.Reserve Bank Deputy Governor Gill Marcus said the review, released in Pretoria on Tuesday, found that the corporate governance of the banking groups was “sound and that no serious breaches existed”.“It’s a very positive report. It points out that our banking groups’ boards are healthy and have a level of independence required to fulfill their roles,” Marcus said.The review was conducted by JK Myburgh and commissioned by the Registrar of Banks, Christo Wiese, last year. The review’s terms of reference were to broadly evaluate the standard of corporate governance applied by the banks, with the premise that corporate governance is an essential element of a healthy risk-management process crucial to the banking business.In this regard, the review found the banks to be committed to adhering to and applying high standards of corporate governance.“Acting on the advice of specialists on corporate governance, the banks on their own initiative from time to time review their corporate governance to ensure compliance with accepted governance principles,” the report said.However, vigilance was still required to ensure continued compliance with standards of governance, which were constantly evolving in South Africa and internationally, Myburgh said.Wiese said it was encouraging to note that risk-management processes in the relevant banks had become more quantitative, which reflected not only enhanced ability to process data, but also the application of improved techniques for the measurement and management of risk.Myburgh’s report recommended, however, that banks should reduce the number of board members, as “smaller boards are more cohesive and work more effectively than large boards”.He recommended that boards should consist of no more than 16 members instead of the current norm of 24 or 25 members.Source: BuaNewslast_img read more

Press release: South Africa drops three places in nation brand index

first_imgBrand South Africa released South Africa’s performance in the 2017 Anholt-GfK Nation Brands Index (NBI), which sees South Africa’s ranking dropping by three points from 35th to 38th out of 50 nations overall.South Africa’s ranking in the 2017 Anholt Nation Brand Index has dropped three places.Johannesburg, Tuesday 05 December 2017 – The NBI measures six pillars: Exports, Governance, Immigration & Investment – which are considered a country’s hard performance measures; as well as Culture, People and Tourism – which are considered a country’s soft powers.While the country’s ranking slides back three positions, it is important to note that in terms of its statistical score, we see an improvement of 0.73 in comparison to last year’s results. Furthermore, the statistical scores in each of the six pillars also improves, with the strongest upward movement in People, Immigration & Investment, and Governance pillars.Brand South Africa’s General Manager for Research, Dr Petrus de Kock presented the details of the findings at a recent South African Competitiveness Forum hosted by Brand South Africa – which was a consultative platform with South African Multinationals,State Owned Entities, and Exporters to discuss how to position the Nation Brand.Commenting on the NBI results, Brand South Africa’s CEO, Dr Kingsley Makhubela said: “From the 2017 NBI it becomes apparent that there are no short-cuts to the development of a reputable global reputation. There are two dimensions to this, firstly, by spending on pure marketing which will enhance a country’s reputation, and secondly, a country’s contribution to the global arena, and how this is received/perceived by audiences, is a determining factor in shaping a Nation’s brand reputation.”The NBI study results also indicate that South Africans have a strong positive self-perception, placing their home country 19th overall, 6th for Culture, 7th for Tourism, and 4th for People.“While the self-perception of the Nation Brand is relatively healthy (with the exception of governance) it is interesting to observe which nations rank South Africa better and/or worse the previous year. In this regard nations such as Japan, South Korea, and Turkey,and to a lesser degree, Egypt has a relatively negative perception of South Africa.“South Africa is notably strong in India, Germany, France, and the UK. Although the following countries have varied perceptions of South Africa across the pillars, Argentina, Australia, Brazil, Italy, and Sweden show a generally positive disposition towards the country.However, governance, and perceptions of investment & immigration environments, are areas which call for much improvement,” added Dr Makhubela.Brand South Africa tracks a wide variety of indices, reputation indicator studies, and commissioned research to monitor the nation brand’s competitiveness and reputation standings. The Nation Brand Index (NBI) is an important instrument through which Brand South Africa can track perceptions of South Africa, on the six pillars of the Nation Brand Hexagon.last_img read more

Brand South Africa’s South African Competitiveness Forum and the Pan-African University Dialogue overview with Dr Kobby Mensah

first_imgBrand South Africa and the University of South Africa (UNISA) successfully partnered to host the South African Competitiveness Forum (SACF) and the Pan-African University Dialogue in a two-day programme on the 11th -12th September 2018 and wrapping up the South African visit with a day-tour in and around Johannesburg and Soweto on the 13th September 2018.The conference brought together academics, and industry representatives from South Africa, Ghana, Kenya, Uganda, and Nigeria to provide expert input on key issues that impact the competitiveness and reputation of the Pan-African brand. Additionally, to collaborate on finding a way forward in the Pan-African Marketing and Nation Brand research in the era of the Continental Free Trade Area.Further to this, it was important to determine inclusive solutions to the future of education in Pan-African brand marketing for students and educators across the continent.Dr Kobby Mensah from the University of Ghana Business School, a lecturer in the fields of tourism and marketing and one of the panellist at the dialogue, unpacks the two-day programme and his contribution to the dialogue.In a one-on-one conversation, Dr Mensah shared his key highlights on the dialogue, “There is a need for us to collaborate on a number of things, especially as academics, sharing of ideas in areas of study and collaborative research on the identity of Africa, Pan-Africa brand identity. To have a homogenous approach to building and maintaining Pan-African brand identity.”Dr Mensah’s presentation took on the topic of Pan-African identity and some of the ideas he reflected in the presentation was that “As Africa, we are suffering from the problem of autonomous sources of information – news, documentaries and textbooks which do not reflect the truth of who we are. We need to take charge, especially in technology to promote positivity about our countries and the Pan-African identity”As a lecturer he makes sure to challenge his students to advance in digital tourism were they share pictures of their communities, where they blog about their beautiful hidden gems, to influence the African narrative and change perception.When asked about the possibility of a future for a Pan-African brand. Yes, he said; “I definitely see the future and there must be clarity as to what it is we want in terms of a Pan-African Brand. How do we develop a brand that can be accessed within the African space and be able to push into the world?”Dr Mensah was amazed by the information shared by other colleagues and presentations it was “refreshing to see and hear”. This reaffirmed the imperative need for collaborative efforts and changing the principal learnings of what Nation brand is for a country and Pan-Africa.Rounding off the intensive yet informative dialogues, delegates were treated to a tour in and around Johannesburg and lunch served in the popular Lebo’s Backpackers.Dr Mensah encourages Africans to travel their continent and with Ghana, “travellers will be enthralled by the cultural diversity, and the colourfulness of the Ghanaian people and their kente garments”.last_img read more

Ohio Soil and Water Conservation Commission: Special meeting notice

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Notice is now given that a special meeting of the Ohio Soil and Water Conservation Commission will be held on Aug. 30, 2018 at 10:30 a.m. at the Ohio Department of Agriculture, Auditorium, Bromfield Building, 8995 E. Main St., Reynoldsburg, Ohio, for the following purpose:The Ohio Soil and Water Conservation Commission, Western Lake Erie Basin Watershed In Distress task-force/subcommittee will meet to evaluate the recommendation for declaring eight watersheds within the Western Lake Erie Basin as watersheds in distress.The Ohio Soil and Water Conservation Commission is a seven-member commission which ensures Ohio counties are served by effectively administered and adequately supported soil and water conservation districts.The meeting is open to the public.last_img read more

Microsoft Ratchets Up Its Defensive Rhetoric On PRISM Allegations

first_imgRelated Posts Microsoft is swinging back—again—at allegations that it willingly cooperated with U.S. intelligence agencies in order to enable government access to messages on Outlook.com, SkyDrive and Skype.See also Skype: Reportedly Funneling Your Calls To PRISM Since 2011In a blog post on Tuesday, Microsoft General Counsel Brad Smith again denied the reports from the Guardian last week that apparently showed how the FBI, CIA and NSA were working hand in hand with Microsoft to enable near-anytime access to the software company’s cloud services. (On July 12, Microsoft previously denied giving any government blanket or direct access to Skype or any other Microsoft service.)Smith used the latest blog post to deconstruct as much as he could the interpretation of the Guardian article, which was based heavily on leaked PRISM documents from former IT contractor Edward Snowden. Smith and the rest of his company is hobbled by the fact that Microsoft does assist the government in intelligence gathering and law enforcement, and they are strictly forbidden to discuss the former.To correct that situation, Microsoft sent a letter to U.S. Attorney General Eric Holder yesterday reiterating what it says were previous requests to “share publicly more complete information about how we handle national security requests for customer information.” Microsoft had earlier filed a court petition on June 19 to “publish the volume of national security requests we have received,” Smith wrote. Google filed a similar request with the attorney general’s office and the FBI on June 11.“In my opinion, these issues are languishing amidst discussions among multiple parts of the Government, the Constitution itself is suffering, and it will take the personal involvement of you or the President to set things right,” Smith’s letter asked.Beyond the request to report data on how many national-security requests it receives, Smith did not characterize what kind of information about its cooperation with intelligence agencies that Microsoft is seeking to disclose. He did, however, categorically deny the conclusions from the Guardian article from last week. Regarding Outlook.com (formerly Hotmail), Smith stated:We do not provide any government with direct access to emails or instant messages. Full stop. Like all providers of communications services, we are sometimes obligated to comply with lawful demands from governments to turn over content for specific accounts, pursuant to a search warrant or court order.Similar procedures are in place, Smith added for SkyDrive and Skype calls. Regarding enterprise email and document storage:If we receive a government demand for data held by a business customer, we take steps to redirect the government to the customer directly, and we notify the customer unless we are legally prohibited from doing so. We have never provided any government with customer data from any of our business or government customers for national security purposes.The denials are to be expected: if the revelations of the PRISM documents are true, then the breach-of-trust damage to Microsoft’s cloud business would be enormous. Not to mention the slew of lawsuits that would be sure to come in for Microsoft violating its own Terms of Service, since there’s no clause for providing the government unlimited access to customer data.Does this mean someone is lying here? Perhaps, but perhaps not. It could be that the access described in the leaked PRISM documents is describing the creation of a more direct connection between Microsoft (and the other named PRISM participants) and the government, but that does not mean the access is open 24/7.One possible scenario that could have Smith and colleagues telling could be that the FBI, which appears to be the direct contact to PRISM companies, is still using warrants to request information on an as-needed basis, but the actual transferal of the data is done via the methodologies described in the PRISM documents and statements by Snowden.Or everyone involved is lying through their teeth and we’re all screwed.Meanwhile Yahoo has won a spotlight on its own dealings with the government, with a win in the U.S. Foreign Intelligence Surveillance Court Monday that will allow Yahoo to reveal information about a 2008 case that ordered the company to turn over customer data. Yahoo is hoping that the revelation of this information will help shed a better light on what intelligence cooperation really means.But unless someone inside Microsoft or Google, Yahoo or any other PRISM participant goes rogue and blows the whistle on their own, it is doubtful the full story will remain anything other than speculation. But that won’t stop Microsoft and the rest of the PRISM gang from trying. Image courtesy of Wikipedia Serverless Backups: Viable Data Protection for … brian proffitt Cloud Hosting for WordPress: Why Everyone is Mo…center_img How Intelligent Data Addresses the Chasm in Cloud Tags:#Microsoft#nsa#Prism#Yahoo Top Reasons to Go With Managed WordPress Hostinglast_img read more

Results Out! TNDALU declares degree exam results 2017, check now

first_imgThe Tamil Nadu Dr Ambedkar Law University (TNDALU) has declared the degree examination results 2017 today.Candidates who had appeared for the examination in November 2017 can now check their result at the official website of TNDALU at tndalu.ac.inCourses which have declared their results today are as follows:B.A.B.L.B.A.LL.B.( Hons.)B.COM.B.L.B.COM.LL.B.( Hons.)B.C.A.LL.B.(Hons.)B.B.A.LL.B.( Hons.)3 YEAR B.L., LL.B (Hons)Candidates can check the result using their registration number on the official website of TNDALU.Due to several results being declared on the same day, chances of the website getting slow may be experienced by the candidates. In such cases, candidates are suggested to wait for a while and retry later.Steps to check the results are as follows: Go to the official website of TNDALU at tndalu.ac.inClick on the link ‘B.A.B.L./B.A.LL.B.(HONS.), B.COM.B.L./B.COM.LL.B.(HONS.), B.C.A.LL.B.(HONS.), B.B.A.LL.B.(HONS.) & 3 YEAR B.L./LL.B (HONS) DEGREE EXAMINATIONS, NOVEMBER 2017 – RESULT’Enter the registration numberSubmit the detailsGet the resultTake a printoutVisit the official website for more information or queries related to results.Read: Supreme Court directs UP to promote mainstream education for specially abled childrenRead: Sports enthusiasts in schools to get financial aid by Delhi governmentFor more updates, follow India Today Education or you can write to us at education.intoday@gmail.comadvertisementlast_img read more

Odell Beckham Jr trade shows NFL teams value draft picks over talent

first_imgBut this isn’t about skill. This is a cultural battle. There’s an ongoing, generational feud between the league’s players and its decision-makers.Star players feel empowered. They want a larger say in the shape of the organization or, more often, to renegotiate their contracts on a year to year basis, regardless of how long is left on their present deal. And they want to have fun.Older general managers want to keep the sport as close to the good old days as possible. Players should be all about the team, not individual accolades. There should be no dancing. Anybody but the statuesque quarterback, the face of the franchise, should be seen but not heard.Giants general manager David Gettleman is carved into the Mount Rushmore of old-school thinkers. He’s the author of this gem: “There’s two kinds of players in this league, folks. There are guys that play professional football and there are professional football players.”That’s a real quote from an NFL executive.Gettleman is a general manager of unrivaled arrogance, a tough thing to pull off in professional football.This is a man who loves to punctuate the football as he recites the expression “The New York Football Giants”, as though we will forget the team he runs or the sport he’s discussing.Gettleman proudly flaunts his lack of understanding of analytics and market inefficiencies, typing on an imaginary keyboard at his introductory press conference. Applying basic economic principles to a salary-capped sport is for nerds, apparently.And that’s not to mention his brazen draft strategy: Gettleman refuses to trade down and add assets, staunch in his belief that he will pick the right players in the right spot. He doesn’t need to throw more darts at the dartboard, because he’s David Gettleman.We’ve become used to the viewpoint that talent wins out in the NFL. That organization will overlook anything and everything if the player is talented. But more and more we’re seeing teams value their culture, and the allure of hope – by way of future draft picks – over talent. ‘Wow’: Odell Beckham Jr stunned after blockbuster trade to Cleveland Browns Odell Beckham’s penchant for highlight-reel catches has made him one of the NFL’s brightest stars. Photograph: New York Daily News/NY Daily News via Getty Images Pinterest features Facebook Since you’re here… Share on Pinterest Support The Guardian Share on LinkedIn Of course Kareem Hunt already has a second chance in the NFL Topics Share on Facebook The Steelers relationships with Le’Veon Bell and Antonio Brown, their top two skill-talents, disintegrated before both left for virtually nothing. The Raiders traded away Khalil Mack after Jon Gruden questioned whether Mack wanted to stay with the Raiders.In Beckham, Brown and Mack, we’re discussing three future Hall of Famers, all traded in their primes for non-football reasons.Browns general manager John Dorsey may fit the Football Guy casting call, but he’s working as a new age executive in this stuffy league. From real, awful crimes (Kareem Hunt’s domestic assault allegation) to football ones (Beckham), Dorsey is willing to take on everyone’s cast-offs.That right there is the current dichotomy across the NFL. There are teams hoarding talent: The Rams out in LA, Dorsey in Cleveland. And there are those, like Gettleman, like the Steelers, who believe in the good old days: that their brand power and culture can conquer raw talent.That mindset has left the Giants resembling an expansion team with a 38-year-old quarterback who only remains on the team because of his surname and relationship with the owners. And they have $34m in dead money.The Beckham trade is the kind of deal gets everybody fired. It’s tough to evaluate the effectiveness of a team’s culture if a team isn’t winning.It will be easy to evaluate the outgoing presence who has been labeled as toxic: Beckham is an all-time great at the peak of his athletic powers. Moving to a more advanced offense, with a better quarterback and complimentary pieces will re-assert his claim as the NFL’s best.“Ernie [Acorsi] taught me something a long time ago,” Gettleman said at his introductory press conference a year ago. “Don’t quit on talent.”Rather than start a rebuild in earnest and build around their star, the Giants decided to plunge for the unknown, betting on the ego of their general manager and the culture he hopes to foster. Sportblog Cleveland Brownscenter_img The Giants traded Odell Beckham Jr to the Browns on Tuesday night, weeks after paying the star receiver a $20m signing bonus, and after general manager David Gettleman proclaimed less than two weeks prior: “We didn’t sign Odell to trade him. That’s all I need to say about that”.Gulp. In return, the Giants picked up a first- and third-round pick, safety Jabrill Peppers … and $16m in dead money. It is the kind of trade that would cause a mutiny in your fantasy league.An organization waits a lifetime to draft a player like Odell Beckham, a star so singularly gifted he can tilt a game with a single play, and help a rickety quarterback age gracefully through the twilight of his career. … we have a small favour to ask. More people are reading and supporting The Guardian’s independent, investigative journalism than ever before. And unlike many new organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford. But we need your ongoing support to keep working as we do.The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We need your support to keep delivering quality journalism, to maintain our openness and to protect our precious independence. Every reader contribution, big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. Read more Share on Messenger Share on Twitter New York Giants Share via Email Twitter Beckham’s first couple of years in the league are almost without precedent. He became a household name with that catch and has been tabloid fodder and Hall of Fame producer ever since.In his first three seasons in the league, Beckham eclipsed 1,300 yards and double-digit touchdowns each year. He snagged an average of 9.6 passes a game at an average of 14.3 yards per reception. The only player to match those numbers in each of their first three seasons in the modern era? Randy Moss.Like Beckham, Moss was considered a cultural distraction, a Me First guy who couldn’t exist in the NFL’s ever-conservative ecosystem. He was too much of a show pony. Too interested in his own numbers, not enough in the collective.The Vikings got tired of Moss after seven seasons. It took the Giants all of five – one missed mostly due to injury – to cut bait on Beckham.Beckham’s last year in New York was good, not great. Anchored by Eli Manning and one of the league’s weaker offensive lines, the Giants became plodding and predictable on offense, relying on sparkles of magic from Beckham and rookie Saquon Barkley.Beckham has become one of the 10 most important non-quarterbacks in the league. Not because of his star wattage or place in the discourse, because he affects wins. Beckham finished ninth among non-QBs in Pro Football Focus’s Wins Above Replacement metric. NFL US sports Read more Share on WhatsApp Reuse this contentlast_img read more