R450m World Cup legacy trust launched

first_img19 April 2012 The R450-million 2010 Fifa World Cup Legacy Trust, aimed at ensuring that South Africans continue reaping the benefits of hosting Africa’s first Fifa World Cup, is now fully operational. This was announceed by the world football governing body’s secretary-general, Jerome Valcke, following the inaugural meeting of the Trust’s board at South African Football Association (Safa) headquarters in Johannesburg on Wednesday. “We are very pleased that the Trust is now fully operational,” Valcke said. “It is the first time in the history of the Fifa World Cup that such a trust has been established and it required a complex administrative process, which is why it took us some time to set it up. “I’m glad that we are now entering a phase that will focus on implementing the vision to ensure that the legacy can benefit the host country.”Range of public initiatives The 2010 Legacy Trust will support a wide range of public initiatives that harness football for sport development, education, health and humanitarian activities in South Africa. Fifa has transferred R450-million into the Legacy Trust accounts. This will be administered by international auditors Ernst and Young. This is in addition to the R700-million already allocated by Fifa a legacy of the World Cup and given to Safa in the build-up to the event for preparation purposes (R450-million) and for the construction of Safa House (R150-million). Safa was also given R40-million for football development projects, and a further R70-million for investment in a fleet of buses and cars to enable the 52 regional structures of the association to transport their teams.Grassroots level “From today, we can look forward to the fruits of 2010 being enjoyed at grassroots level and within communities across South Africa,” Safa president Kirsten Nematandani said on Wednesday. The Trust Board will be chaired by Safa fourth vice-president Danny Jordaan. The other trustees are Nematandani and Eric Mtshatsha, with Alec Moemi and Michael Katz representing business, and Valcke, development director Thierry Regenass and CSR head Federico Addiechi representing Fifa. Other legacy initiatives that have been implemented by Fifa since 2005 include the 20 Football for Hope Centres, the Win in Africa with Africa initiative, the Football for Health project and the 2010 Fifa World Cup Ticket Fund. Source: BuaNewslast_img read more

What You Need to Know About Personal Commercial Relationships

first_imgCommercial relationships are in some ways different than pure personal relationships. Both require that you are known, liked, and trusted, but commercial relationships also require the creation of economic value. This continual need to create new value has changed commercial relationships.The fact that commercial relationships require that you create economic value in no way diminishes the need to be known, liked, and trusted. It does mean that being likeable, taking people to dinner, and buying them seats at sporting events and concerts is not likely going to be enough to acquire or retain your client’s business.The idea that there is no overlap between commercial and personal relationships is to believe that these relationships are mutually exclusive, that you can have one or the other, that there is some insurmountable wall between the two. Having both is better than having either by itself.Some of the best relationships you have are likely to be commercial relationships. That client you worked closely with on a major change initiative. The one you helped by taking the lead on a project when they were helping their ill spouse. The client who had a messy family issue and needed someone to listen, and maybe provide counsel. You have relationships that are both personal and commercial with the people within your own company as well. Thankfully.Many of your clients want a personal relationship. They hired you, and now you are a member of their team. They want to have meals with you. They want to text you. They want to hear your stories, and they want to tell you theirs. To believe otherwise is to underestimate the power of intimacy when it comes to trust (See Charlie Green’s Trust-Based Selling). It is also to ignore at least 50,000 years of human evolution.Your clients also want a commercial relationship that spans into personal. They want someone with the business acumen and situational knowledge to help them see around corners. They want to work with someone who will prevent them from being harmed, and who will help them capitalize on opportunities. This person is going to care enough about them that they are always thinking about what comes next even when they aren’t.In complex B2B commercial relationships, personal relationships are largely unavoidable. How do you work with people without speaking with them? How do avoid the relationship maintenance that is sharing the conversations that make us human, the personal conversations, the chatter about sports, television, family, children, and all the other things, trivial or important?Were the personal relationship components of commercial relationships to disappear, there would no longer be a need to strive to be a trusted advisor. There would be no reason to be someone worth doing business with, someone your clients prefer above all others.Evolution plays by a certain set of rules. It unfolds over time, including and transcending what came before into something new. The increased need to economic value creation and business acumen and situational knowledge and insight is additive to known, liked, and trusted.This evolution is making selling more difficult for two groups of people. First are the salespeople who lack the ability to create economic value; they are being left behind, disintermediated, and, in some cases, facing extinction. Second are the salespeople who struggle to create the type of personal connection that allows them to develop the relationships that allow them to initiate the kind of changes that create greater economic value.last_img read more

10 months ago​Chelsea assistant Zola lauds Loftus-Cheek improvement

first_img​Chelsea assistant Zola lauds Loftus-Cheek improvementby Ansser Sadiq10 months agoSend to a friendShare the loveChelsea assistant manager Gianfranco Zola is happy with Ruben Loftus-Cheek.The club legend has been impressed with what he has seen from the English youngster this term.And he believes that if Loftus-Cheek can keep improving, he has a big future at the club.”I think Ruben has gone a long way from the beginning,” he said during a press conference.”He has improved a lot. “You can’t doubt his abilities, to play as a midfielder he is learning duties. I am very pleased with him. “He is an impact player, he was suffering when he didn’t play and being recognised is good for him.” About the authorAnsser SadiqShare the loveHave your saylast_img read more

10 months agoSarri delighted with ‘reaction’ for Chelsea win at Watford

first_imgSarri delighted with ‘reaction’ for Chelsea win at Watfordby Paul Vegas10 months agoSend to a friendShare the loveChelsea boss Maurizio Sarri was pleased with their victory at Watford on Wednesday night.Eden Hazard scored twice as Chelsea gained a hard-fought win at Watford to reclaim fourth place in the Premier League table.The Belgian opened the scoring when he collected Mateo Kovacic’s pass, took the ball around goalkeeper Ben Foster and calmly finished for his 100th Blues goal.Chelsea’s lead only lasted two minutes until Roberto Pereyra volleyed past Kepa Arrizabalaga from the edge of the 18-yard box.But Hazard grabbed his second of the match in the second half when he converted a penalty after Foster had bundled him over.Sarri told Sky Sports: “I think we played a good match with a good level of determination and attention for 90 minutes. We could have won with another result. we missed three or four good opportunities but I’m happy with the reaction. It was dangerous for us when they conceded, but we reacted well and we didn’t stop playing our football.”On Eden Hazard’s performance, he added: “I think he played very well, not only for his two goals, but he was good with his teammates and in open spaces. I like him in every position he is a great player.”In this moment we need this solution because we need to be more solid defensively and with this system we can score and become more solid in the defensive phase. Maybe in the last match, we played better in the first half than we did tonight, but today the application was very good.” About the authorPaul VegasShare the loveHave your saylast_img read more

The top 10 movies on the iTunes Store

first_imgiTunes Movies U.S. charts for week ending January 13, 2019:iTunes Movies US Charts:1. First Man2. A Simple Favor3. Crazy Rich Asians4. Book Club5. Bad Times At the El Royale6. Venom7. Night School (2018)8. Mid90s9. BlacKkKlansman10. The Hate U GiveiTunes Movies US Charts – Independent:1. Mid90s2. Rust Creek3. The Old Man & the Gun4. Eighth Grade5. Wildlife6. Diet Fiction7. What They Had8. Madame9. Three Identical Strangers10. A Man Apart__(copyright) 2019 Apple Inc.By The Associated Press, The Associated Presslast_img

Heat wave breaks temperature records across the Peace Region

first_imgPeace River broke the previous record high of 29.6 degrees, which was recorded on June 19th, 1982. That community saw a high of 31.1 degrees on Tuesday. Tuesday’s high of 32.1 degrees in High Level was also record-breaking, topping the previous record by 3.2 degrees. FORT ST. JOHN, B.C. – The heat wave that has gripped much of B.C. and Alberta since Sunday has broken temperature records across the Peace Region.On Tuesday, Fort St. John got close to but didn’t break the June 19th record high temperature, as the airport weather station recorded a high of 30.2 degrees. That’s 0.4 degrees below the previous highest temperature on that day, which was recorded way back in 1950. Dawson Creek also came close to breaking the June 19th all-time high temperature of 29.9 degrees, which was recorded in 1982. Yesterday’s high in the Mile Zero City was 29.4 degrees.Fort Nelson was by far one of the hottest places in the Peace, setting a new all-time high-temperature record of 34.6 degrees Celsius, and breaking the previous record of 32.2 degrees that dates to 1950. Grande Prairie also broke the June 19th high-temperature record yesterday, as the recorded high of 30.8 degrees broke the 30.0-degree record that was set back in 1948.last_img read more

Three nabbed for robbing cab driver

first_imgNew Delhi: Delhi Police on Sunday arrested three men and apprehended one juvenile near Sanyog Vihar for robbing a cab driver at gunpoint in the wee hours of Saturday morning. One of the accused, Jasveer (24) was a driver with an online ride-hailing service and was fired because of inappropriate behaviour. Police claim the robbery was planned as a means to exact revenge for his dismissal.According to police, Jasveer booked a cab from the same company he used to work at through an old SIM card around 2 am. He then boarded the cab with the three others accused in the case. A few minutes after, Gurpreet (19), who was in the passenger seat of the vehicle forcefully stopped the cab and pointed a country-made pistol at him. The four youth robbed the driver of all his valuables, including Rs 3,000 in cash, a Bluetooth speaker and his mobile phone. Also Read – After eight years, businessman arrested for kidnap & murderAccording to the driver, who made the PCR call following the robbery, the assailants tried to grab the car keys as well, but they broke the key sensor in the process and fled. Special Staff from Dwarka apprehended the accused within a day by developing leads through confidential informants in the area and a cursory check revealed the third accused as one Akash (22) and the fourth person involved in the robbery as a juvenile male. Gurpreet, Jasveer, and Akash were caught in a trap by the Special Staff team and were found to be riding a motorcycle with fake number plates. Background checks into the accused revealed that Gurpreet was previously arrested in connection with a murder and spent some time in prison. Interrogation of the three accused further revealed that the four had decided to rob a cab to celebrate Jasveer’s girlfriend’s birthday with whatever they could steal.last_img read more

Morocco Takes Part in UN Commission on Population Development

first_imgNew York  –  Morocco’s inter-ministerial delegate for human rights, Mahjoub El Haiba, is taking part in New York in the 47th session of the UN Commission on population and development (Apr.7-11) “to assess the status of implementation of the program of action of the international conference of population and development, held in Cairo in 1994.The week-long forum will assess action taken over the past 20 years to improve people’s lives and address population issues amid changes in ageing, fertility, mortality, migration and urbanization, since the landmark Cairo international conference.That conference established that increasing access to health and education, and protecting human rights, especially those of women and teenagers, would help secure a better social and economic future and lead to more sustainable population trends. Secretary-General Ban Ki-moon noted that with the ICPD Program of Action, Governments set out an ambitious agenda to deliver inclusive, equitable and sustainable development. “Over the past two decades, this agenda has contributed to significant advances,” he said in a message to the Commission.“Fewer people are living in extreme poverty. Gender equality and the empowerment of women are gaining ground worldwide. More people are living longer, healthier lives. More girls are in school. Fewer women are dying in pregnancy and childbirth. There are more laws to protect and uphold human rights.”Yet, in the midst of this human progress, the continued exclusion of some groups and the potential for serious environmental damage put these gains at risk, Ban continued. Moreover, changing age, household and family structures as well as rapid urbanization and migration pose new challenges for human development.“We have an urgent responsibility, to invest in creating opportunities and a supportive environment for innovation and entrepreneurship for persons of all ages, in particular for young people. It is crucial to invest in their health and education and to review legislation, standards and practices that restrict their full participation in and access to sexual and reproductive health services.”The IPCD Global Review Report, issued by the UN in February, pointed out that much remains to be done on a range of issues, including the enormous inequalities that remain in the realization of human rights and access to vital services, as well as new challenges and opportunities related to population growth, changing age structures, rapid urbanization and migration.Since 1994, the global population has grown from 5.7 to 7.2 billion. Despite slowing population growth, UN projections suggest the world’s population could reach 9.6 billion by 2050, with most of the increase concentrated in the poorest countries.According to a report prepared by the Secretary-General for the Commission, the current state of the world’s population is one of unprecedented diversity and change, as reflected in new patterns of ageing, fertility, mortality, migration and urbanization.According to a news release on the Commission’s opening, older persons are the world’s fastest growing age group. The number of people over age 60 almost doubled between 1994 and 2014, and older persons today outnumber children under the age of five. Globally, the share of older persons is expected to reach 21 per cent by 2050.last_img read more

More than 100 million mobile VR devices – includin

first_imgMore than 100 million mobile VR devices – including smartphone and standalone headsets – will access games globally by 2023, up from 52 million devices in 2019, according to Juniper Research.Juniper’s ‘Virtual Reality Markets: Innovation, Disruption and Future Prospects 2019-2023’ report argues that the development of smartphone VR content is essential for increasing consumer confidence in VR, following a disappointing year of hardware sales in 2018.Juniper claims that low-cost mobile VR content is needed to initially engage users and encourage them to other VR platforms and predicts that mobile VR will account for more than 55% of total VR games revenues by 2023.Overall revenues from VR-specific games are expected to rise from US$1.2 billion in 2019 to $8.2 billion by 2023. However, Juniper also forecasts that more than 50% of mobile VR games accessed in 2019 will not be monetised due to difficulty of implementing advertising in VR without impeding the user experience.The research names 2023 as the year that VR content revenues – from games, multimedia, gambling and other categories – will surpass hardware revenues for the first time, and recommends that VR headset vendors prepare for this growth by increasing their VR content libraries through app store partnerships.“Revenues from VR-specific mobile games will exceed US$4.6 billion by 2023, however average revenue per mobile VR games user will be the lowest of all VR platforms. In response, app developers must mitigate high app abandonment rates by providing engaging and continually-updated content,” said Sam Barker, senior analyst with Juniper Research.last_img read more

The dollar index closed on Friday at 8277…and gap

first_img The dollar index closed on Friday at 82.77…and gapped down about 10 basis points as soon as trading opened on Sunday night in New York.  After that, it rallied to its high of the day…82.89…which came at the open of equity trading in New York…9:30 a.m. Eastern time.  From there it got sold off into the close…finishing the Monday session at 82.65…down 12 basis points on the day. A cursory glance at the gold and silver charts from yesterday shows no correlation between the precious metals and the dollar index. Although gold’s low came at 10:30 a.m. in New York, the gold shares didn’t hit their nadir until 12:15 p.m. Eastern.  After that they rallied weakly along with the gold price…and then traded sideways after 2:00 p.m. Eastern time.  The HUI finished up 1.49%. Sponsor Advertisement Being a Tuesday, I have lots of stories from the weekend…and a goodly portion of them are gold related and well worth reading, so I hope you can find the time to spend on them. Obviously the U.S. Mint can’t keep up with demand for Silver Eagles…placing it in violation of the law which mandates enough bullion Silver and Gold Eagles must be produced to satisfy demand. But man-made laws can’t trump the law of supply and demand indefinitely. Many are still quick to point out that any silver shortage is confined to a number of retail forms of silver and not in the wholesale industry standard form of 1,000 oz bars. That seems to be true, but the silver retail shortage is burning intensely and the winds are strong and the firebreak separating retail and wholesale are more likely than ever to be breached. The simple fact is that these retail silver shortages have been flaring up on a recurring basis over the past few years and the current one is the strongest one yet. From everything I’ve observed, the retail shortage is bound to intensify…and I won’t keep it a secret as to what is the underlying cause – the price of silver is too low. – Silver analyst Ted Butler…20 April 2013 In a bifurcated market such as this one, it’s always hard to determine whether the hourly and daily charts for gold or silver are remotely close to free markets.  At times they have characteristics of a free market…but then a not-for-profit seller shows up…and that’s it for the day…with yesterday’s price action in both gold and silver being another case in point. As Ted mentioned in his quote above, the silver price is too low…way too low…and so is gold.  And as Grant Williams so exquisitely put it in his commentary posted above…”I can promise you that not a single one of those crashes, collapses, or crises ended up with retail investors stampeding to buy the asset that was supposedly cratering.” As the stories in the ‘Crticial Read’ section have pointed out…the precious metal markets are a firestorm of buyers…and they have sucked the pipeline clean of all precious metals world-wide over the last week.  It will take many months to fill it again, if it can be done at all, especially if JPMorgan Chase et al continue to keep the precious metals at these giveaway prices. We’re still only selling 100 oz. silver bars at the store, as that’s all we can get…and I’d bet that even this tiny window that we have into the silver market will disappear soon.  There’s nothing to buy anywhere, unless you want to pay a huge premium on e-bay. Well, the Commitment of Traders Report was not changed yesterday, so I doubt very much if it will be until Friday’s COT Report.  At that point we’ll find out whether this now-obvious false reporting from last week will be rectified at that point…or have JPMorgan Chase and the CME Group corrupted this report permanently?  We’ll find out soon enough. This bifurcated market cannot…and will not last.  The total disconnect between the paper market price and the physical market price has to resolved…and resolved quickly…as the pressure on physical demand has gone supernova.  Now that this fire is lit, it will be self-sustaining until prices change…and change drastically. The bullion banks and central banks are really up against it now…and have been caught in a trap of their own making…a plan that literally blew up in their faces.  They discovered in a real hurry that the buyers of 2013 were wise to them…and didn’t react the way they had back in 2011 when “da boyz” pulled this same stunt. If there every was a time for the world’s central banks to mark up the prices of all the precious metals [plus copper and crude oil] this would be the time to do it.  But in order to kill demand in precious metals stone-cold dead…it will take a big price adjustment to do it…and that’s why they’re going all-out to rid themselves of as much of their short positions [and/or go long] in these six commodities as they can.  And that’s why the last COT report was a fabrication, as they don’t want anyone to see what progress they’re making. I note that all four precious metals came under selling pressure in the thinly-traded and highly illiquid Far East trading session on their Tuesday, with the lows coming just moments before 3:00 p.m. in Hong Kong…which was just moments before the 8:00 a.m. BST London open.  As of 3:30 a.m. Eastern time, gross volumes are already very chunky in gold…over 44,000 contracts…and over 12,000 contracts [net] in silver.  The high-frequency traders are definitely out and about. And as I hit the ‘send’ button at 5:10 a.m. Eastern time, I see that “Da Boyz” continued to be active even past the London open…and it should come as no surprise to you, dear reader, that silver was hit the hardest once again.  As you already know, this precious metal is the biggest problem child of JPMorgan Chase, Canada’s Bank of Nova Scotia…and HSBC USA.  Gold is down about eleven bucks…and silver is down 65 cents..but was down over 80 cents at its 8:55 a.m. BST low.  Gold’s gross volume is now north of 58,000 contracts…and silver’s net volume is just above the 15,000 contract mark. The dollar index dipped about 15 basis points going into the London open…and then blasted skyward.  It’s just an eyelash above the 83.00 mark as I write this. I’m watching the current situation with morbid fascination and, like everyone else out there, I’m making things up as I go along, as this really is a Star Trek-type of precious metals market.  Right now we’re only at Warp Factor 1…but I don’t expect that to last too much longer. The rest of today’s trading action, once we get past the noon silver fix in London, should prove interesting. See you tomorrow. Here’s your “cute quota” for the day… (Click on image to enlarge) For whatever reason, the CME Daily Delivery Report was never updated from Friday’s data.  I’m looking at the correct page on their website at ten minutes before midnight Eastern Daylight time…and it has not been updated.  Normally it’s updated by 10:00 p.m. Eastern. Well, the finally did the update, but it was after midnight Eastern time before the got around to it. I discovered it around 4:30 a.m. Eastern when I was doing the final edit.  The report showed that 43 gold and 11 silver contracts were posted for delivery tomorrow…and the link to the current Issuers and Stoppers Report is here. GLD took another big hit yesterday, as 589,959 troy ounces were reported withdrawn yesterday…and as of 11:55 p.m. Eastern time last night, there were no reported changes in SLV. There was a decent sales report from the U.S. Mint yesterday.  They sold 7,500 ounces of gold eagles…7,000 one-ounce 24K gold buffaloes…and 681,000 silver eagles. Over at the Comex-approved depositories on Friday, they didn’t report receiving any silver…but they shipped 702,149 troy ounces of the stuff out the door.  The link to that activity is here. Monday was another busy sales day at the store…but not quite as busy as Friday.  Gold sales were really strong, as one customer came in and ordered an eye-watering amount of gold maple leafs.  We still only have 100 oz. silver bars for sale…and there was still no change from the mints or the wholesalers, as none of them are taking orders. Here’s a chart that reader Richard Sypher sent my way yesterday.  He borrowed it from yesterday’s edition of the “Daily Pfennig“..and I thank him for it.center_img Silver’s price pattern was similar, but the rally into the noon hour London high wasn’t anywhere near as impressive as gold’s.  After that high tick, the silver price pretty much followed the gold price pattern. Silver closed at $23.41 spot…up a whole 13 cents from Friday’s close.  Volume, net of roll-overs out of the May contract, was only 32,500 contracts. The precious metal markets are a firestorm of buyers…and they have sucked the pipeline clean Gold traded flat when it opened in New York on Sunday night…but early in Tokyo trading on their Monday morning, the price jumped up about ten bucks…and stayed there until 10:00 a.m. in London, where it jumped up a few more times, but ran into the proverbial brick wall shortly after 12:00 o’clock noon BST. From that high, gold got sold down about twenty-five bucks…hitting it New York low at 10:30 a.m. Eastern time.  After that, it slowly gained back some of that loss by 2:00 p.m…and then didn’t do much going into the 5:15 p.m. close of electronic trading. Gold closed the Monday trading session at $1426.30 spot…up $19.80 on the day.  Gross volume was around 199,000 contracts…with a large chunk of that occurring early in the trading day…up until the London high of the day. The silver stocks traded mixed…and Nick Laird’s Intraday Silver Sentiment Index closed up a smallish 0.57%. Freegold Ventures Limited is a North American gold exploration company with three gold projects in Alaska. Current projects include Golden Summit, Vinasale and Rob. Both Vinasale and Golden Summit host NI 43-101 Compliant Resource Calculations. An updated NI 43-101 resource was calculated on Golden Summit in October 2012 and using 0.3 g/t cutoff  the current resource is 73,580,000 tonnes grading 0.67 g/t Au for total of 1,576,000 contained ounces in the indicated category, and 223,300,000 tonnes grading 0.62 g/t Au for a total of 4,437,000 contained ounces in the inferred category. In addition to the Golden Summit Project the Vinasale also hosts a NI 43-101 resource calculation which was updated in March 2013. Indicated resources are 3.41 million tonnes averaging 1.48 g/t Au for 162,000 ounces, and Inferred resources are 53.25 million tonnes averaging 1.05 g/t Au for 1,799,000 ounces of gold utilizing a cutoff value of 0.5 grams/tonne (g/t) as a possible open pit cutoff. Please send us an email for more information, ir@freegoldventures.comlast_img read more