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Sports Briefs

first_imgWebb removed GEORGE TOWN, Cayman Island (CMC): Jeffrey Webb, the disgraced former president of CONCACAF, has finally been removed as president of the Cayman Islands Football Association (CIFA). CIFA made the announcement in a statement issued after an emergency meeting of its executive Monday night which followed Webb’s guilty plea in a probe into corruption in international football. Webb initially pleaded not guilty to the charges but US Department of Justice officials revealed last week that he has switched his plea and agreed to forfeit more than US$6 million of ill-gotten gains. Putin moves to end WCup 2018 delays MOSCOW (AP): President Vladimir Putin has demanded delays in construction of 2018 World Cup projects be quickly overcome. After chairing a meeting on Russia’s preparations yesterday, Putin says there have been “certain difficulties” at various facilities, and he highlighted the Baltic port of Kaliningrad, where “delays there should be fixed as quickly as possible.”last_img read more

Eskom announces independent enquiry into state of its business

first_imgThe board of South African power utility has resolved to commission an independent enquiry, conducted by external parties, to examine the current status of the business and the challenges it faces. Four senior executives will be asked to step down for the duration of the probe.Eskom chairman Zola TsotsiThe board of South African power utility has resolved to commission an independent enquiry, conducted by external parties, to examine the current status of the business and the challenges it faces. Four senior executives will be asked to step down for the duration of the probe.The Eskom board has today resolved to commission an independent enquiry on the current status of the business and its challenges.• Download media statementThe board, in its quest to address the current challenges faced by Eskom, has deemed it prudent to seek an independent view on the status of a number of issues. These include:• The poor performance of generation plant• Delays in bringing the new generation plant on-stream• High costs of primary energy• Cash-flow challenges“To ensure that this process is as transparent and uninhibited as possible,” said Eskom chairman Zola Tsotsi, “the board has also resolved that four of its senior executives, including the chief executive, should step down for the duration of this enquiry.”The executives who have been asked to step down while the enquiry is underway are Tsholofelo Molefe (Finance Director), Dan Marokane (Group Capital) and Matshela Koko (Commercial and Technology). One of the current non-executive board members, Zethembe Khoza, has been asked to assume the position of interim chief executive. Khoza will be supported by Nonkululeko Veleti (Finance), Abram Masango (Group Capital) and Edwin Mabelane (Commercial and Technology).“All these senior executives have been with the organisation a long time and we are confident that they will maintain business continuity during this period,” said Tsotsi.The board also resolved that the independent enquiry be conducted by external parties, who will be selected within the next week. They will be given unfettered rights of access to all information deemed necessary for this probe to be successful.The board has emphasized that this process is a critical step towards ensuring that the situation facing Eskom improves as expeditiously as possible.“To that end, we would like to assure our customers and employees that this was done in the best interest of all our stakeholders, and we hope to come out of this with a better grasp of all the challenges facing the business, and most importantly, with solutions,” said Tsotsi.The interim appointeesMs Nonkululeko Veleti is a registered chartered accountant and has been with the organisation for almost 14 years working in the finance department.Abram Masango, a qualified engineer, has been with Eskom for over 18 years and is currently project director at Kusile. He brings to the role many years of valuable experience, having occupied various senior positions within the organisation.Edwin Mabelane has been with the organisation for 21 years. He is a qualified engineer has been a very senior executive before this appointment. He brings into the role many years of valuable experience.Issued by Eskom Media DeskTel: +27 11 800 3304/3343/3378Cell: +27 82 805 7278Fax: 086 664 7699Email: mediadesk@eskom.co.zalast_img read more

South African trade mission to build links with Ghana and Nigeria

first_img12 August 2015Trade and Industry Deputy Minister Mzwandile Masina will lead a team of South African businesspeople on a trade mission to the Ghana and Nigeria from 17 to 21 August, with the goal to find a suitable platform for South African companies to promote and sell products and services in the African market.“The mission will serve as an ideal opportunity for South African companies to export value-added products and services to Ghana and Nigeria, and for penetration of companies that are looking for investment opportunities in these African countries,” the Department of Trade and Industry (DTI) said yesterday.“The mission presents the DTI with an opportunity to continue to pursue economic collaboration and partnerships with African countries. This as we continue crafting the way forward for economic development and the development of investment in the African continent,” Masina added.South Africa had taken a conscious decision to partner with Nigeria – one of Africa’s fastest growing economies – during their development phases. Both countries, like much of Africa, presented a wealth of business opportunities for South African companies, he said.Bilateral trade between South Africa and Ghana has grown in the last half- decade, from R2.6-billion to R10.8-billion between 2010 and 2014. While trade between South Africa and Nigeria has fluctuated during the same period, it has broadly been upward, going from R20.5-billion in 2010 to R66.2-billion in 2014.Industries earmarked for the trade mission include agriculture and agro- processing, build environment professionals, infrastructure, furniture and wood processing, and mining. The programme will include trade and investment seminars, exhibitions, business to business meetings and site visits.Source: News24Wirelast_img read more

Solar Loans Are Getting Easier to Find

first_imgLoans available in every stateSunPower/Admirals Bank loans are available in amounts up to $60,000 and are available all over the country.The company hasn’t responded to requests for more information on the loan program, including when loans might be available and what the terms might be. The company’s web site has a section on its lease program, but nothing so far on the loans.Separately, Admirals offers its own loan program for renewables and energy efficiency improvements, including solar, small wind, and geothermal projects. Those loans are available all over the country.The bank’s website describes a two-tiered loan program, with maximums set at $25,000 and $40,000. In a post at CleanTechnica, Zachary Shahan writes that borrowers in the first tier program must have a credit score of 650 or better. To qualify for a $40,000 loan, you’ll need a credit score of 700 or higher.The interest rate is 4.95%, with terms of between 5 and 20 years.Whether homeowners add solar with a lease, a power purchase agreement or a purchase financed with a loan, payments for electricity may be lower than if the power were purchased from the utility, MarketWatch said. SunPower also points to higher property values with the addition of rooftop solar. Homeowners looking for a way to finance new rooftop solar systems now have more options than local banks and credit unions.SunPower Corp., the country’s second-largest maker of solar panels, said on June 16 it had worked out a $200 million loan agreement with Admirals Bank that would fund residential solar projects over the next two years, according to a report at MarketWatch.And in an expansion of a program first announced in March, solar middleman Solar Mosaic Inc. is making crowdsourced solar loans available directly to homeowners online. Borrowers can apply online in two minutes or less, the company promises.Like solar leasing programs offered by installers such as SolarCity, loans allow homeowners to get into renewables with little or no upfront charges. The difference is that homeowners who lease don’t build any equity in their systems. Mosaic taps crowdsourced investorsUnlike a bank, Mosaic doesn’t have a stack of cash on hand that it can loan to homeowners. Instead, the company appeals to potential investors in a process called “crowdsourcing.” Investors come up with the cash and are repaid by the homeowner via loan payments. Mosaic signs the loan agreement with the homeowner, and a separate deal with investors.Asked for details on how the system works, company spokesman Katie Ullmann referred GBA to a blog written by Ann Werner in May. In it, Werner says the process from application to final permitting takes between three and four months.For the first 18 months of the loan, the interest rate is 4.99%. At that point, homeowners have the option of paying Mosaic an amount equal to the 30% federal tax credit available for renewables, and keeping the 4.99% rate, or pocketing the credit and seeing the rate go to 10%.Investors are earning between 4.5% and 7%, Ullmann said. Mosaic charges investors 0.5%.Terms for the zero-down loans are for up to 20 years, and loan amounts are up to $50,000. For the time being, loans are available only in California, although Mosaic says it plans to expand into other areas later this year.last_img read more

Alvarez, Golovkin seek their places in boxing history

first_imgEx-NBA player sentenced to prison for selling stolen guns Brace for potentially devastating typhoon approaching PH – NDRRMC View comments Onyok Velasco see bright future for PH boxing in Olympics PLAY LIST 00:45Onyok Velasco see bright future for PH boxing in Olympics05:25PH boxing team determined to deliver gold medals for PH02:40Pacquiao ready to go with week left before Thurman fight01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games “The biggest day is coming. This is a true fight, there is a lot of money coming,” Golovkin said.“I bring my belts, all my belts. I feel like a champion. This is my game, this is my fight, I am the boss.” Canelo Alvarez, left, and Gennady Golovkin pose for photographers during a news conference Wednesday, Sept. 13, 2017, in Las Vegas. The two are scheduled to fight in a middleweight title fight Saturday in Las Vegas. (AP Photo/John Locher)Las Vegas, United States — Now that the Floyd Mayweather-Conor McGregor circus has left town, attention shifts to Gennady Golovkin and Canelo Alvarez and their showdown for middleweight boxing supremacy.For those who were disappointed by last month’s so-called superfight between a boxer and a UFC fighter that was staged before a less-than capacity crowd, Saturday’s sold out world title contest at the same T-Mobile Arena will be welcome change.ADVERTISEMENT Don’t miss out on the latest news and information. “We know that in fights, it takes two to tango. I’m ready, and you know what you’ll get from me.”Alvarez, who is gunning for his 50th career win, is coming off a lopsided win over of Chavez on May 6. He beat Chavez by unanimous decision as all three judges scored it 120-108.In his last fight, Golovkin outpointed Daniel Jacobs at Madison Square Garden in New York. Jacobs had an unexpected surge over the final three rounds before losing by a narrow decision which led some to believe that the 35-year-old Golovkin might be starting to show his age.Alvarez’s biggest fight before this one was a 12-round loss to Mayweather in 2013 in an entertaining fight which Mayweather deserved to win. Alvarez was also held to a draw by journeyman Jorge Juarez in 2006 when he was 15.Alvarez’s trainer Eddy Reynoso said his fighter has improved a lot since the Mayweather loss.Learn from mistakes“He is more mature, a more complete fighter,” said Reynoso on Thursday at the MGM Grand Hotel and Casino. “You always learn something from victories but defeats teach you more.“You can see the mistakes you made and you learn not to go that route again. He learned a lot from that defeat to become a better fighter.”Golovkin is one of the best conditioned athletes in the sport. He even missed the birth of his second child on Friday because he was in the gym training. He stayed in the gym for two hours after his wife, Alina, gave birth to the couple’s first daughter.Golovkin may be the champion but he is not the overwhelming favorite and Sanchez says the crowd inside T-Mobile will be decidedly for Alvarez.Golovkin said even if the crowd is for Alvarez he will enter and leave the ring as the champion. LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary E.T. returns to earth, reunites with grown-up Elliott in new ad  Frontrow holds fun run to raise funds for young cancer patients center_img WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding Kazakhstan’s three-belt champion Golovkin against Mexico’s biggest star Alvarez is one of the most anticipated fights in years, featuring the most explosive fighters in the division.“This is a fight boxing can be proud of. It is boxing’s biggest fight. It is a fight for history,” said Golovkin.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutMost people don’t think this will go the distance as both fighters are skilled ringmasters and have the ability to deliver knockout blows when the opportunity presents itself.They both prefer to do their talking with their fists and their fight was always a matter not of if, but when, as they need each other to validate their places in boxing history. MOST READ Fire hits houses in Mandaluyong City LATEST STORIES Read Next Vegas debutGolovkin, who will be making his Las Vegas debut, has fought his entire career at 160 pounds (72.5 kg) while Alvarez, 27, fought just once above 155 — in his last fight against Julio Cesar Chavez Jr.The undefeated Golovkin, whose World Boxing Council, World Boxing Association and International Boxing Federation titles will be on the line, said he is expecting the toughest fight of his career against a boxer six years his junior.“This is my biggest fight,” he said. “I worked hard to become of champion of the world. I worked hard with Abel (trainer Sanchez) to stay champion of the world.”Alvarez also expects a difficult fight.“He is the most dangerous opponent of my career, but I’m ready for him and what’s next to come,” said the former WBC and WBA super welterweight champion.ADVERTISEMENT BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Nonong Araneta re-elected as PFF presidentlast_img read more

Roger Federer commits to Hopman Cup to open 2018 season

first_imgRoger Federer has committed to starting the 2018 season at the Hopman Cup, the international mixed-team tournament where he’ll team up again with Belinda Bencic for Switzerland.The 35-year-old Federer has cut back on the number of tournaments he plays in order to prolong his career, and skipped the recent clay court season recently to concentrate on Wimbledon.He played with Bencic at the last Hopman Cup and it proved an ideal tune-up for the Australian Open, where he beat Rafael Nadal in the final to end a personal Grand Slam drought stretching back to Wimbledon in 2012.”It was the perfect preparation because I was in a good mindset,” Federer said of the buildup to winning his 18th major title. “When I went to Melbourne, I could really look back on some great preparation and I think that’s what also made me win the Australian Open.”The French team of Kristina Mladenovic and Richard Gasquet beat Federer and Bencic to seal a spot in last year’s Hopman Cup final, then beat U.S. pair CoCo Vandeweghe and Jack Sock to win the title.More than 6,000 people attended Federer’s first practice session last year in Perth, a crowd he described as “surreal.” The Switzerland-France match attracted a tournament record 13,917 fans.last_img read more

Michigan State Basketball: Watch Michigan State G Eron Harris Throw Down Some Ridiculous Dunks Inside The Breslin Center

first_imgMichigan State Eron Harris throws down a ridiculous dunk.Michigan State Eron Harris Eron Harris hasn’t yet suited up in a game for Michigan State’s basketball program, but we feel it’s safe to say the Spartans’ fan base is going to like him very much. The former West Virginia guard transferred into MSU’s program this offseason and will be eligible for the 2016-17 season after sitting out the upcoming season due to NCAA rules. Once he’s eligible, watch out. He’s not only a great scorer (averaged 17 points a game at WVU last season) but also a freak athlete, as he proved at MSU’s Breslin Center earlier today. Check out this video of Harris throwing down some ridiculous dunks, courtesy of MSU guard Denzel Valentine. Whoa. Michigan State’s fan base is definitely going to like him.last_img read more

BC grapples with future of Site C as Premier Horgan sends ministers

first_imgVICTORIA – The fate of the largest public project in British Columbia’s history, the Site C hydroelectric dam, will be the focus of intense scrutiny this week as provincial cabinet ministers travel north for last-minute consultations.The New Democrats promised to decide Site C’s fate by the end of the year after a review by the B.C. Utilities Commission, the province’s independent energy regulator, concluded the dam is over budget and behind schedule.Construction work on the $8.3-billion project began near Fort St. John in the northeastern part of the province more than two years ago.The heat is on, said Premier John Horgan, who is sending his ministers of Indigenous relations and energy to the region for consultations with First Nations and community representatives this week.Horgan said he will continue to crunch numbers and try to decide what’s best for rate payers.“This is not an easy choice. This is not an easy decision,” he said. “We’re going to be grappling with it for the next couple of weeks. I’m not underestimating the challenge ahead of me.”Deciding the project’s future is the first major test of the minority New Democrats, who have said it will impact the entire province. Site C has been marked by environmental, economic, technological and Indigenous rights concerns that have become the front lines of political battles in the province.“I, now as the leader of the government, have to look at what the consequences are of what our decision will be going forward,” Horgan said.Environmental studies expert Karen Bakker said the utilities commission’s recent report shows the project’s cost could grow to $12 billion, all to provide energy that isn’t required.“It’s a very expensive project,” said Bakker, who led a team at the University of British Columbia that produced five reports on Site C. “That’s the conundrum the province is facing. This could be a huge money sink for the province.”The utilities commission was asked by the NDP government to confirm whether Crown-owned BC Hydro is on target to complete construction of Site C on budget and by 2024. It was also asked to provide advice on three possible outcomes: proceeding with the project, suspending construction until 2024 or terminating it.The commission concluded suspending and restarting the project in 2024 is the least attractive option, and would add at least $3.6 billion to the price tag.The review didn’t make a recommendation on whether the province should proceed with or cancel the dam, but said terminating Site C would cost $1.8 billion while completing it could cost more than $10 billion.The commission also said there are viable alternative energy sources, including wind, geothermal and industrial curtailment, that could provide similar benefits with an equal or lower cost.“The commission’s report is very clear that there are high economic risks,” Bakker said.She said the project also faces potential lawsuits from Indigenous groups.But Liberal Mike Bernier, who represents the Dawson Creek area near the dam, said killing Site C would result in the province losing $4 billion, with nothing to show for its investment.He said more than 2,000 people are currently working on the dam and their jobs are now under threat.“Site C is a generational opportunity to help the province grow, give us cheap renewable power and have opportunities for my kids and everybody else’s kids,” Bernier said. “To me that’s why this project is something I’m fighting for because I see the opportunities of building our province.”He said six of eight Indigenous groups near the dam site have signed benefits agreements with BC Hydro.Indigenous Relations Minister Scott Fraser said he will speak with supporters and opponents of Site C when he visits northeastern B.C. this week.“We will be meeting with all of the nations regardless of their take on the project or their involvement in any benefits agreements or their opposition,” he said. “It’s to listen because we don’t know what we are going to do.”Chief Roland Willson of the West Moberly First Nation, which is opposed to the dam, had a message for the government during a recent protest at the legislature.“It’s not this government that approved this project, but it is this government that has the ability to stop this thing,” he said.last_img read more

First Nations seeking injunction to stop Site C have first day in

first_imgVANCOUVER, B.C. – A lawyer for First Nations aiming to stop work on the Site C dam says there’s no remedy besides taking the project “out of the ground” in northeastern British Columbia.Reidar Mogerman says the West Moberly First Nations’ way of life has already been disrupted by a reservoir created by the W.A.C. Bennett Dam, the largest hydroelectric dam on the Peace River.The First Nations are seeking an injunction in B.C. Supreme Court to stop Site C while BC Hydro and the provincial government claim the project has already cost billions of dollars. Mogerman says the First Nations have put “a ton of resources” into getting displaced caribou back after the animals dispersed following the completion of the W.A.C. Bennett dam in the late 1960s.The First Nations say Site C would flood parts of the of the Peace River Valley, the traditional territory of the West Moberly and Prophet River First Nations, violating constitutionally protected treaty rights.Mogerman says what used to be river a moose would cross is a reservoir an animal would die in and the project must be stopped because it has not gone past the point of no return.Chief Roland Willson of the West Moberly First Nations says Site C would introduce mercury-laden fish into Moberly Lake and disrupt the longest fresh-water fish migration in North America.“The river had a cultural significance to us because it was a gathering spot,” he said of the Peace River. The NDP had been against the controversial project while in Opposition but said the province risked a credit downgrade and debt-servicing costs of up to $150 million annually if the project that started in 2015 was cancelled.BC Hydro has said the Site C dam would flood 5,500 hectares of land, of which at least 3,800 hectares is agricultural. The project would also flood Indigenous heritage sites.center_img “What we have said right from the beginning is that we’re not opposed to the creation of energy,” Willson said.He said alternative forms of power, including geothermal, solar and wind, have not been adequately explored.“We’re fighting for the survival of who we are as a people and the Peace River Valley is a significant piece of that.”British Columbia’s New Democrat government announced last December that it would back the completion of Site C though it would cost nearly $11 billion, up from an estimated $8.3 billion.last_img read more

Maha: Cong leader whose son joined BJP quits as Oppn leader

first_imgMumbai: Senior Maharashtra Congress leader Radhakrishna Vikhe Patil, whose son joined the BJP last month, has resigned as the Leader of Opposition in the state Assembly, the party said Thursday.Party chief Rahul Gandhi has accepted the resignation of the Congress leader, state Congress president Ashok Chavan told reporters in Ahmednagar district. Vikhe Patil had sent his resignation letter to the top party leadership, offering to quit the post of LoP, after his son Sujay Vikhe Patil left Congress and joined the BJP. Also Read – Uddhav bats for ‘Sena CM'”Vikhe Patil had offered to resign from the post and had also sent a letter to the Congress president. This letter of resignation has been accepted by the Congress president,” Chavan said. The development comes a day before Rahul Gandhi’s rally in Maharashtra’s Ahmednagar Friday. Chavan was in Shirdi Thursday ahead of Gandhi’s rally at Sangamner in the Shirdi Lok Sabha constituency. Vikhe Patil was accused of giving tacit support to his son Sujay, who was the BJP contestant from Ahmednagar Lok Sabha seat and was blamed for working behind the scenes in his campaign. Also Read – Farooq demands unconditional release of all detainees in J&KParty sources said he was in touch with the supporters of his father late Balasaheb Vikhe Patil in Rahuri, Parner and other areas in Ahmednagar district, and exhorted them to support Sujay. NCP chief Sharad Pawar, who has been a traditional opponent of the Vikhe Patils, had made the Ahmednagar contest a prestige battle. Pawar had refused to vacate the constituency, which is with the NCP as per the seat-sharing deal with the Congress, for Sujay who eventually joined the BJP and contested the seat.last_img read more