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You are here: Home / Archives for Policy

Policy

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St. James Infirmary Announces CA attorney James Burch as Policy and Advocacy Officer

St. James Infirmary Announces CA attorney James Burch as Policy and Advocacy Officer:

San Francisco, CA, Jan 30, 2019 — St. James Infirmary is proud to welcome California attorney James Burch as our new Policy and Advocacy Officer thanks to our generous funding from the Levi Strauss Foundation. Due to James’s extensive legal experience in the State of California and a steadfast commitment to St. James’s mission in search of justice, community engagement, and the protection of our most vulnerable neighbors by advancing civil liberties, we look forward to the tremendous opportunities ahead as we fight for the rights and livelihoods of sex workers.

Furthermore, St. James Infirmary’s expansion is especially crucial as we begin an exciting venture in partnership with the ACLU and State Senator Scott Wiener to work on crafting state legislation that will finally bring a long-awaited end to the criminalization of sex work and overpolicing of our communities in the state of California.

Kelli Dorsey, SJI board member, will be our Policy and Advocacy Program Advisor and work closely with James Burch alongside our city’s sex workers to analyze and develop policy that ensures sex workers’ rights and dignity are recognized and firmly protected both here in San Francisco and all throughout the State of California.

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– MyPR

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30 January 2019 By Business News Leave a Comment

Filed Under: MyPR Tagged With: Advocacy, announces, Attorney, Burch, Infirmary, James, Officer, Policy

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The importance of releasing a life policy cession

The importance of releasing a life policy cession: Consumers who have ceded their life policies as security over debt with a financial institution should not overlook the importance of releasing the cession when the debt has been fully settled. Releasing a cession involves requesting a financial institution to relinquish all its rights over your policy when you have fully paid back what you […] – MyPE News

Southern Kings and African drummers to set the pace for the 2018 Big Walk for Cancer: It will be a morning of entertainment and fun for participants in the annual Algoa FM Big Walk for Cancer this Saturday. Isuzu Southern Kings players will be up early after their Friday Guinness PRO14 Round 7 fixture against Scarlets at the Madibaz Stadium to lead 12 000 or more participants to Walk as One […] – MyPE News

PE Business News: Grindrod scaling-up its Ships Agency and Warehousing businesses: Promote your business on BuyPE and MyPR. Grindrod scaling-up its Ships Agency and Warehousing businesses: Established in the sixties to deliver support services to the maritime industry, the business has grown to be leading providers … Durban, Cape Town, Port Elizabeth and Mozambique with a total area o… Source: “Port Elizabeth” business – BingNews. Grindrod […] – MyPE News

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Next: Popular fashion extravaganza gives Igazi a welcome boost – MyPR.co.za


24 October 2018 By Business News Leave a Comment

Filed Under: MyPE Tagged With: cession, Importance, Life, Policy, releasing

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The proposed mining charter provides the right framework for policy certainty and genuine black empowerment; it deserves widespread support

The proposed mining charter provides the right framework for policy certainty and genuine black empowerment; it deserves widespread support:

Ndavhe Mareda, Makole Group chairman

Ndavhe Mareda, Makole Group chairman

The South African economy’s stubborn lack of growth shows that we have still not recovered fully from the 2008 economic crisis. While the World Bank forecasts an average of 4.5 percent GDP growth for emerging markets, our growth forecasts are a paltry 1.1 percent.[1] There are many reasons for this dismal performance, but most would agree that policy uncertainty in key areas of the economy, especially relating to transformation, is a leading factor.

In that context, and given mining’s role as the foundation of the modern South African economy, it is imperative that the mining charter is accepted and implemented as rapidly as possible.

As is widely known, the most contentious issue in the charter proposed by the Department of Mineral Resources (DMR) is the question of black ownership. All parties agree that enabling a substantial black stake in mining is vital; the sticking point is whether, once an empowerment partner exits the deal by selling to a non-empowered party. The DMR unequivocally believes that the requirement of the Act to ensure black ownership is a continuing obligation, while the Chamber of Mines argues that once the empowerment threshold is reached, the obligation does not continue. “Once empowered, always empowered.”

As we all know, the courts have decided in favour of the Chamber but the DMR is taking the case to the Appeal Court. We support the DMR’s appeal because without the continuing participation of blacks as owners and managers of mines, and not just workers, we simply lack the social licence to operate. From that lack springs all sorts of challenges for the industry, not the least of which is a permanent state of mistrust between management and workers, perennially dysfunctional labour relations and conflict with local communities.

Finding solutions

Having said that, of course one must recognise that the obligation to ensure continuous black ownership at the 30 percent level suggested by the charter is a challenge. If nothing else, the continued dilution of shareholder funds will discourage foreign (and domestic) investors which is imperative, and from a macro-economic perspective must be encouraged and developed.

The charter does, in fact, recognise this dilemma and proposes that BBBEE shares should only be sold to entities or individuals who fall into the same category. They should be supported by financial institutions who recognise the issues and bigger transformation. picture and who must step up to the plate to enable meaningful transformation and empowerment

This provision, in fact, disadvantages the BBBEE stakeholders because it automatically restricts the marketability—and thus the value—of their investment.

If we stand back and look at the big picture, it is only too apparent that in most cases the exiting of black investors from empowerment schemes in mining is typically driven by the realities of the financial disadvantage from which they suffer. For historical reasons, black individuals and entities are likely to be saddled with high levels of debt, which need to be serviced. By contrast, mining is very much a long-term investment, and does not necessarily deliver steady returns in the short and medium term. Black investors are thus very likely to be forced to exit in order to relieve financial pressures, not to realise some unearned golden bonanza as some would seem to think.

Given the importance of maintaining black ownership in order to legitimise the industry, and putting the legalities aside, surely we can come to some practical ways of making it easier for BBBEE investors to retain their investments for the long term, thus maximising the benefits both for them and the mining companies? One obvious avenue would be for institutions like the Industrial Development Corporation and the Development Bank of South Africa to accept share certificates as collateral for short-term loans.

Taking the holistic view

Making black shareholding of mines more secure is necessary, and it can be accomplished without unduly prejudicing all the relevant parties. But it’s only the first step. The industry should also give attention to ensuring that blacks participate meaningfully at all levels.

A first step would be to educate BBBEE shareholders about their rights and responsibilities as part owners, and in the practicalities of exercising them.

In line with that thinking, the requirement that 50 percent (up from 40 percent) of all management should be black should also be seen as an opportunity to legitimise the industry. Given the current talent pool, this will take time to achieve, of course, but transparent succession planning will pay huge dividends. Share-incentive schemes to ensure managers have skin in the game should also be pursued.

Such an approach would create policy certainty while also protecting the interests of both shareholders and black investors. More important still, it would ensure that black participation in the mining industry is strengthened across the board, with the inevitable benefits that this will provide in terms improved labour and community relations. Meaningful and ongoing black participation is essential to mining’s future; we have the framework and we should work within it now.

CLICK HERE to submit your press release to MyPR.co.za.

– MyPR

Submit and get free press releases here: MyPR Free Press Release.

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12 July 2018 By Business News Leave a Comment

Filed Under: MyPR Tagged With: black, certainty, Charter, deserves, empowerment, framework, genuine, mining, Policy, proposed, Provides, Right, support, widespread

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Factors to consider when ceding your life policy

Factors to consider when ceding your life policy: 19 February 2018: Many consumers who are eager to finalise the house buying process often rush into taking out and ceding life insurance without first doing their homework. The ceding of a life policy involves legally transferring a portion of the cover amount to be used as collateral by a creditor in the event that […] – Business – MyPE News

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19 February 2018 By Business News Leave a Comment

Filed Under: MyPE Tagged With: ceding, consider, Factors, Life, Policy

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Broadband group expresses worry on broadband policy target of 2018… urges speedy implementation

Broadband group expresses worry on broadband policy target of 2018… urges speedy implementation:

Worried about the slow rollout of broadband infrastructure across Nigeria, advocacy group, Broadband 2018 Coalition has called on the Federal Government to expedite the implementation of the country’s five year broadband plan that was developed and submitted by the presidential committee on broadband in 2013.

In a statement released yesterday, the Broadband Coalition said broadband has played an outsized role in transforming societies and economic opportunities across the world, facilitating education and knowledge dissemination, enabling trade and commerce and contributing to growing entrepreneurship across the world. The Coalition is urging that the five-year National Broadband Plan (2013-2018) should be diligently implemented to spur economic growth and help Nigeria prepare for a post-oil economy.

The group quoted the Minister, Permanent Mission of Nigeria to the United Nations, Mr. Bolaji Akinremi, who had said that Information and Communications Technology (ICT) is key to Nigeria’s quest towards attaining a sustainable development by 2030 when he delivered Nigeria’s statement on ‘ICT for Development’ at the UN General Assembly. The group also noted that Nigeria has declined on the broadband adoption and internet use index: Affordability Drivers Index (ADI), ranking 13th place (out of 58 countries surveyed) from 12th place ranking Nigeria earned in the 2015-16 Index in the Alliance for Affordable Internet (A4aI) 2017 report.

The Coalition expressed concern at this decline, reiterating the fact that every 10 per cent increase in broadband growth in developing countries, results in a commensurate increase of 1.3 per cent in Gross Domestic Product (GDP) and stressed the criticality now that Nigeria is trying to come out of a recession. The group is raising concerns about the implementation status of the National Broadband Plan and wondering why the government has provided no updates on their plans.

The National Broadband plan was developed by a Presidential Committee chaired by the National Coordinator, A4AI Nigeria and former Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Ernest Ndukwe and Zenith Bank Chairman, Jim Ovia, supported by major Information Technology (IT) industry players from within and outside Nigeria.

CLICK HERE to submit your press release to MyPR.co.za.

– MyPR

Submit and get free press releases here: MyPR Free Press Release.

Click here to list your business on BuyPE.

Previous: V&A Waterfront announces annual Ocean Life Festival
Next: The BitCoin BitClub Guide – Part 17


9 November 2017 By Business News Leave a Comment

Filed Under: MyPR Tagged With: 2018, broadband, expresses, group, implementation, Policy, speedy, target, urges, worry

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