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African Equity Empowerment Investments
Sekunjalo Investment Holdings (parent company of African Equity Empowerment Investments) is a black owned South Africa-based private equity firm specializing in acquisitions, PIPEs, and buyouts. It has principal operations in publishing, Internet, fishing, healthcare, pharmaceuticals, telecommunication, financial services, aquaculture, biotechnology, enterprise development, events management, travel. The company was founded by Iqbal Survé in 1996 with the aim of investing and assisting Black-owned businesses. In April 2015 all of Sekunjalo's investments except its 55% ownership in Independent Media SA was spun-off into a new company, still owned by Sekunjalo Investments, known as African Equity Empowerment Investments (AEEI). Business model Sekunjalo's Investment model is to seek above average returns in their portfolio and to have scalable social impact especially on the African continent. The Group is committed to the "upliftment of previously marginalised groups by crea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Africa Development Fund
The China-Africa Development Fund, more commonly known as CAD Fund, is a Chinese private equity fund solely funded by China Development Bank, a Chinese government policy bank. The aim of the fund is to stimulate investment in Africa by Chinese companies in power generation, transportation infrastructure, natural resources, manufacturing, and other sectors. History The creation of CAD Fund was announced as one of the "Eight Measures" for Sino-African relations at the Beijing summit of the Forum on China-Africa Cooperation (FOCAC) by President Hu Jintao on November 4, 2006. It was established in June 2007 with US$1 billion of initial funding by the China Development Bank and is envisioned to grow to US$5 billion in the future. The fund entered into its second round of fundraising in May 2010 to raise US$2 billion. In 2015, China announced its plan to expand the CAD fund to $10 billion. Investments The fund's primary purpose is foster Sino-African investment through bridging fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Report
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated and e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cape Argus
The ''Cape Argus'' is a daily newspaper co-founded in 1857 by Saul Solomon and published by Sekunjalo in Cape Town, South Africa. It is commonly referred to as ''The Argus''. Although not the first English-language newspaper in South Africa, the ''Cape Argus'' was the first locally to use the telegraph for news gathering. As of 2012, the ''Argus'' had a daily readership of 294 000, according to the South African Advertising Research Foundation's All Media Products Survey (Amps) Newspaper Readership and Trends. Its circulation for the first quarter of 2013 was 33 247. Jermaine Craig is the executive editor of the ''Cape Argus''. He replaced Gasant Abarder, who resigned in early 2013 to take up a post at Primedia in the Western Cape. History The ''Cape Argus'' was founded on 3 January 1857, by the partners Saul Solomon, journalist Richard William Murray ("Limner") and the MP Bryan Henry Darnell. However, political differences immediately surfaced between the partners. Sau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cape Times
The ''Cape Times'' is an English-language morning newspaper owned by Independent News & Media SA and published in Cape Town, South Africa. the newspaper had a daily readership of 261 000 and a circulation of 34 523. By the fourth quarter of 2014, circulation had declined to 31 930. History The ''Cape Times'' had its origins in the great economic and social boom years that followed the Cape's attainment of "Responsible Government" (local democracy) in 1872. The first edition of the newspaper, a small four-page sheet, was published on 27 March 1876 by then editor Frederick York St Leger. St Leger was assisted by Richard William Murray Jnr, whose father of the same name had been one of the founding partners of the ''Cape Argus''. It was the first daily paper in southern Africa, and soon became one of the principal newspapers of the Cape. Modelled on ''The Times'', its primary target was the poor working class, as it attempted to expose early government corruption. Later bou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Voice (South African Newspaper)
''Daily Voice'' is a South African tabloid newspaper that is distributed on weekdays and published by Independent Newspapers (Pty) Limited (part of the greater Independent News & Media) in the Western Cape province. It is published in English, with Afrikaans mixed in. In late 2013, the ''Daily Voice'' was the most-read daily newspaper in the Cape Town metropolitan area with 456,000 readers, and a total daily readership of 528,000. History and focus ''Daily Voice'' was launched on 16 March 2005 in the Western Cape, selling at the price of R1.50. Its publication was a reaction to the success of the tabloid ''Daily Sun'', published by Media24 and begun in 2002, and was part of a "tabloidisation" wave in the country. The ''Daily Voice'' was also modelled after the tabloid '' The Sun'' in the UK. Initially, the paper focused stories on their tag-line "sex, scandal, skinner, sport". ''Daily Voice'' has a team of local journalists to report on stories which are original, relevant an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saturday Star
Saturday is the day of the week between Friday and Sunday. No later than the 2nd century, the Romans named Saturday ("Saturn's Day") for the planet Saturn, which controlled the first hour of that day, according to Vettius Valens. The day's name was introduced into West Germanic languages and is recorded in the Low German languages such as Middle Low German , ''saterdach'', Middle Dutch (Modern Dutch ) and Old English , ''Sæterndæġ'' or . Origins Between the 1st and 3rd centuries AD, the Roman Empire gradually replaced the eight-day Roman nundinal cycle with the seven-day week. The astrological order of the days was explained by Vettius Valens and Dio Cassius (and Chaucer gave the same explanation in his ''Treatise on the Astrolabe''). According to these authors, it was a principle of astrology that the heavenly bodies presided, in succession, over the hours of the day. The association of the weekdays with the respective deities is thus indirect, the days are named for th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Star (South Africa)
''The Star'' is a daily newspaper based in Gauteng, South Africa. The paper is distributed mainly in Gauteng and other provinces such as Mpumalanga, Limpopo, North West, and Free State. ''The Star'' is one of the titles of the South African Independent News & Media group (INL), owned by Sekunjalo Media Consortium whose founder and chairman is Dr. Iqbal Survé. For many years, ''The Star'' was owned by the Argus Printing & Publishing Company, controlled by the Anglo American Corporation. The Irish Independent News & Media (INM) bought and renamed the Argus in the early 1990s. Sekujalo acquired INL in 2013. Content The content published in ''The Star'' focuses on leading daily national, local and international national news and analysis. Its leader and opinion page offers a platform for thought leaders to contribute their opinions on topical news. Products ''The Star'' houses the ''Business Report'' newspaper (a widely-read financial newspaper in South Africa), as well a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Independent Online (South Africa)
''Independent Online'', popularly known as ''IOL'', is a news website based in South Africa. IOL serves the online versions of a number of South African newspapers, including ''The Star'', ''Pretoria News'', '' The Daily Voice'', ''Cape Times'', ''Cape Argus'', ''Weekend Argus'', '' The Mercury'', ''Post'', ''Diamond Fields Advertiser'', ''Isolezwe'', ''Daily Tribune'', ''Sunday Tribune'', ''The Independent on Saturday'', and '' The Sunday Independent''. Corporate affairs Ownership Sekunjalo Investments owns 55% of the company via its subsidiary Sekunjalo Independent Media, the Public Investment Corporation of South Africa owns 25%, and two Chinese state-owned enterprises (China International Television Corporation and the China Africa Development Fund) own the remaining 20% of the newspaper. China International Television Corporation is a wholly-owned subsidiary of state broadcaster China Central Television (CCTV). Before 2013, IOL was owned by the Independent News & M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Write-off
A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income. Income tax In income tax calculation, a write-off is the itemized deduction of an item's value from a person's taxable income. Thus, if a person in the United States has a taxable income of $50,000 per year, a $100 telephone for business use would lower the taxable income to $49,900. If that person is in a 25% tax bracket, the tax due would be lowered by $25. Thus the net cost of the telephone is $75 instead of $100. In order for business owners to write off business expenses, the IRS states that purchases must be both ordinary and necessary. This means that deductible items must be usual and required for the business owner's field of work. For example, a telemarketer may deduct the purchase of a phone, sin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rand Daily Mail
''The Rand Daily Mail'' was a South African newspaper published from 1902 until it was controversially closed in 1985 after adopting an outspoken anti-apartheid stance in the midst of a massive clampdown on activists by the security forces. The title was based in Johannesburg as a daily newspaper and best known for breaking the news about the apartheid state's Muldergate Scandal in 1979. Renowned South African journalist to teach at School of Journalism and Mass Communication University of North Carolina It also exposed the truth about the death in custody of anti-apartheid activist , in 1977. The ''Rand Daily Mail'' was resur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
