Craig Hudson retains heavyweight title over Fort St. John’s Gary Peck

first_imgTang Thongpheng lost in his fight against Morgan Littlechild. Littlechild won after Thongpheng tapped out 1:56 into the first round.The Fivestar Fight League will turn its focus to next year which will have seven or eight cards scheduled. In the first half of the co-main event a new Fivestar Lightweight Champion was crowned as Chad Freeman made Zachary Gait tap out in the first round after he successfully applied a Guillotine choke.Cody Krahn defeated Duncan Wilson of Fort St. John. Krahn won by TKO in the second round of the bout.Rick Pfeifer took the win in a back and forth fight against Mark Delgado. The fight featured a number of slams by both fighters however Pfeifer was able to take the win after he applied the Kimura against Delgado.- Advertisement -Marcus Hicks got the better of Raphael Bergmann at 1:58 of the first round with a neck crank.Jeremy Kennedy was deemed the winner by TKO is his fight with Blake Shearing. The fight was stopped by doctors after a cut on Shearing was deemed to bad to continue by the doctor on site.TeeJay Klassen was a winner in round one over Mike Beaudoin. Klassen won by TKO 4:18 into the round.Advertisementlast_img read more

Half-time: Leeds United 0 QPR 0

first_imgQPR should be ahead at Elland Road, where Joey Barton netted in the 10th minute after a nice move but was wrongly adjudged to be offside.Earlier, Shaun Wright-Phillips headed tamely at former QPR keeper Paddy Kenny after being found by Clint Hill’s cross.After being denied a perfectly good goal the visitors continued to create openings, with Wright-Phillips heading wide following Danny Simpson’s cross.Leeds then enjoyed a decent spell of pressure and Nedum Onuoha spared Karl Henry’s blushes by denying Ross McCormack with a fine block after the R’s midfielder had given the ball away.Rangers boss Harry Redknapp selected the same side which started last weekend’s win at Bolton. Junior Hoilett – back in the squad after recovering from a hamstring problem – is among the substitutes.QPR (4-4-2):Green; Simpson, Dunne, Onuoha, Hill; O’Neil, Barton, Henry, Wright-Phillips; Johnson, Austin.Subs. Yun, Jenas, Hoilett, Zamora, Murphy, Faurlin, Shariff.  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 Follow West London Sport on TwitterFind us on Facebooklast_img read more

No major policy changes: Zuma

first_imgSAinfo reporter and BuaNews “There is therefore no reason why the domestic or international business community – or any other sector – should be uneasy.” Meeting with various business groupings at home and abroad in the lead-up to the ANC’s national conference in Polokwane in December, Zuma made it clear that South Africa needed more foreign and domestic investment, and urging the domestic business community to invest in the economy in order to encourage its international counterparts to do the same. “While encouraging the creation of a conducive environment for investment, we remain cautious not to compromise the national democratic revolution, which is our guiding philosophy in policy formulation and implementation,” Zuma said. 22 September 2008 According to Fin24.com, Zuma said that South Africa’s Cabinet ministers had so far given the party assurances that they would not resign before the 2009 general elections. “Our alliance partners [the Congress of SA Trade Unions and the SA Communist Party] are key stakeholders in policy development and implementation. We will be able to continue to work together as a community, business and labour, to find workable solutions.” This is not the first time that Zuma has sought to allay investors’ fears over the coming change in South Africa’s government. Mbeki announced his decision on Sunday, after being asked to resign by national executive committee of the ruling ANC. He will remain in office until the National Assembly accepts his resignation and determines the date of his departure. ‘Unlikely to rattle local markets’ “The world itself is facing an uncertain future . so it’s going to be a ‘wait-and-see’ attitude amongst investors for the moment,” Weimar said. And in his first public address as ANC president at Polokwane, Zuma said that ANC policies, “including economic policies that have been adopted at this conference, do not indicate a fundamental shift from the policies that the ANC has adopted since it has come into power. Global markets have undergone a period of carnage in the last year, she said, and South Africa has not been spared from this either. The world economy was in the worst shape it had been in since the Wall Street crash of 1929, known as the Great Depression. “There has been no real reaction and very little response on the markets at the moment . I suppose it’s because the markets expected the change,” Weimar said. Leadership change expected Lamberti added that the peaceful manner in which Mbeki was recalled by the ANC also allayed investors’ fears, as the decision was done in a respectful manner within the institutional structures of the ANC. “The implications for South African markets of the rescue package in the US will be bigger than the impact of Mbeki’s departure,” Business Day reports Citigroup economist Jean Francois Mercier as saying.center_img “The next 12 months will be very interesting .foreign investors know what’s going on in South Africa and have a good understanding of the political situation,” Lamberti said. “Leadership change was expected in South Africa within the next seven or eight months anyway, so although the speed of change came as a surprise, investors expected the change,” he said. In addition, the paper says that what financial markets hate the most is uncertainty, and there was now no case for anxiety over a mismatch between the two “centres of power” held by Mbeki and Zuma. ‘South Africa needs more investment’ Nedbank economist Nicky Weimar told BuaNews calm seemed to be prevailing on the markets, as the news came in the wake of a fairly stormy week on global markets. Business Day, meanwhile, reports that Mbeki’s resignation is unlikely to rattle local markets for a number of reasons, including that Finance Minister Trevor Manuel has indicated that he will not resign, nor have there been calls for him to do so; and that local markets are still more worried about the global financial crisis. Econometrix Treasury Management economist Russell Lamberti told BuaNews that while there was a potential for political instability should a leadership vaccum develop, this was being countered by investors being distracted by the US government’s proposed US$700-billion (about R5.5-trillion) bail-out of American companies struggling with bad debt, and the fact that a change in leadership was already expected. Wait-and-see At a press conference in Cape Town on Monday, Zuma said there was no reason for South Africans or overseas investors to be apprehensive. “We will do all in our power to ensure stability is maintained in [the] government and in service delivery,” Fin24.com reports Zuma as saying. He further stressed that South Africa’s economic policies would remain “stable, progressive and unchanged”. Would you like to use this article in your publication or on your website? See: Using SAinfo material He also believed that Mbeki’s resignation would be good test of just how stable South Africa’s institutions were, and whether or not the government, in its entirety, was able to function without a designated leader. At the same time, Zuma told the conference delegates that the ANC remained fully committed to black economic empowerment as a means of increasing participation in the economy. “They may underperform a little bit, but I don’t think domestic political news will push markets down.” African National Congress (ANC) president Jacob Zuma has moved to reassure investors following Thabo Mbeki’s resignation as President of South Africa.last_img read more

Launchpad to a billion consumers

first_imgInside a branch of Jumbo Cash ‘n Carry, one of the many big box range of stores operated in South Africa and elsewhere on the continent by Massmart, the company Wal-Mart has offered to buy for $4.2-billion. (Image: Massmart) This article originally appeared on page one of South Africa Now, a six-page supplement to the Washington Post produced on behalf of Brand South Africa. (Click to enlarge.) MEDIA CONTACTS • Brunswick Group LLP, Strategic Communications Advisors: Massmart + 27 11 502 7300 [email protected] ARTICLES • Brewing up a global brand • SA possible new BRIC member • Fortune 500 head to Cape Town • SA-China trade ties strengthen • SA best for regulation of exchangesBy offering to acquire South African retailer Massmart for an estimated US$4.2-billion (R28.5-billion), Wal-Mart in late September 2010 joined the parade of global companies looking to South Africa as a springboard into what is increasingly seen as the world’s last great investment frontier.“What better evidence can there be of Africa’s burgeoning potential as a consumer market than Wal-Mart’s desire for a foothold on the continent?” the Financial Times‘ Beyondbrics blog asked.Wal-Mart’s move followed hard on the heels of Nippon Telegraph and Telephone‘s $3.2-billion (R21.5-billion) bid for Dimension Data, HSBC‘s expressed interest in acquiring 70% of Nedbank, and DuPont‘s decision to seek a majority stake in Pannar Seed.Andy Bond, chairman of Asda, Wal-Mart’s UK operation, said, “South Africa presents a compelling growth opportunity and offers a platform for growth and expansion in other African countries. South Africa possesses attractive market dynamics, favorable demographic trends and a growing economy.”Headquartered in Johannesburg, Massmart operates 232 stores in South Africa stores and 32 in other African countries including Botswana, Zimbabwe, Tanzania, Nigeria and Ghana, according to its website. The company is known for its big box chains, which include Makro, Game and Builders Warehouse. Other South African retailers with growing African footprints include Shoprite and Pick n Pay.The acquisition would be Bentonville, Arkansas, giant’s largest since 1999 when it purchased Asda. Wal-Mart has already been sourcing fruit from South Africa. It buys 500 000 cartons of citrus for its US stores each year, 2.4-million boxes of apples and pears for the UK and 50 000 boxes of grapefruit for Japan.“Africa’s economic pulse has quickened, infusing the continent with a new commercial vibrancy,” McKinsey and Co concluded in a widely read report released in June, titled Lions on the Move (PDF, 2.8 MB). The report singled out the three sectors represented in the latest series of acquisition moves as “flourishing” – retail, banking and telecoms.McKinsey reckons that by 2020 Africa’s consumer spending will reach $1.4-trillion (R9.5-trillion) up from $860-billion (R5.8-trillion) in 2008, and there will be 128-million Africans with discretionary income.  “Africa’s long-term growth will increasingly reflect into related social and demographic trends that are creating new engines of domestic growth. Chief among these are urbanisation and the rise of the middle class African consumer.”Wal-Mart’s initial offer of R148 ($23) a share for Massmart, a 10% premium on the previous close, reflected in part the solid track record South African companies have established in the rest of the continent. That record, the Financial Times commented last April, gave “weight to government aspirations to occupy a place at the table of the BRICs, the big emerging markets whose rise has begun to transform the shape of the world economy.”Download South Africa Now in PDF format (2.2 MB), or read selected articles online:Powering towards a green economySouth Africa plans to build a massive $21.8-billion, 5 000 MW solar park in its semi-desert Northern Cape province as part of an aggressive push to grow its highly industrialised economy without increasing its carbon footprint.The everyday beauty of SowetoSouth African photographer Jodi Bieber has a special ability to bring out the beauty in the ordinary, even the disfigured. On the cover of Time magazine she made a mutilated Afghani girl look beautiful, and in her latest book Soweto she makes everyday township life shine.Launchpad to a billion consumersBy offering to acquire Massmart for some $4.2-billion, Wal-Mart has joined the parade of global companies looking to South Africa as a springboard into what is increasingly seen as the world’s last great investment frontier.A trek to the start of timeIt will probe the edges of our universe. It will be a virtual time machine, helping scientists explore the origins of galaxies. It’s the Square Kilometre Array, and South Africans are at the heart of its development.Brewing up a global brandMiller Lite. Tastes great. Less filling. And brought to you by world-beating South African company SABMiller.Looking south and east for growthAs the shift in global economic power gains momentum, South Africa’s trade is moving eastwards and southwards in a pattern that both reflects the worldwide trend and helps drive it, writes John Battersby.More than just a celluloid Mandela There is a special bond between Hollywood actor Morgan Freeman and the man he played in the Clint Eastwood movie Invictus, South African statesman Nelson Mandela.Africa in the new world orderKgalema Motlanthe, South Africa’s deputy president, looks at how African economies’ resilient performance during the global financial crisis points to the continent’s new place in a changing world.Mining history for new solutionsMark Cutifani, CEO of the multinational AngloGold Ashanti mining company, examines why South Africa’s past is key to successfully doing business here in the future.Turning up the media volumeSince 1990, South Africa has been a noisy place. After decades of apartheid censorship, the lifting of restrictions on the media led to a cacophony of debate. For the first time in centuries, everyone could be heard, and it was sometimes deafening, writes Anton Harber.A joule of an energy-efficient carSouth Africa, which builds BMWs and Mercedes Benzes for the US market, is in the thick of the race to deliver a truly practical – and stylish – electric car. Meet the Joule.South Africa: Time to believeThe forgiving philosophy of “ubuntu” helps explain how South Africa managed to transcend its turbulent apartheid past and create a unified democracy, writes Simon Barber.Finding sound real estate investmentSouth Africa’s post-apartheid transformation and new middle class are fuelling demand for affordable homes. For private equity fund International Housing Solutions, that means opportunity.My normal, crazy, mixed-up countrySouth African hit movie White Wedding is now showing in the US to rave reviews. Jann Turner, who directed and jointly wrote and produced the film, writes about the place that inspired it – South Africa.Bring on the braaiAll South Africans love it – including Nobel peace prize-winning Desmond Tutu – and its rich, smoky smell floats over the country every Sunday. Celebrate the braai with our great recipe for making boerewors, traditional South African farmer’s sausage.last_img read more