“Learn from our mistakes” – Trinidad warns Guyana on oil industry

first_imgGuyana has been warned of impending corruption within the oil and gas sector, after being told that it should heed Trinidad and Tobago’s mistakes and shortcomings.This warning came from Trinidad and Tobago Transparency Institute (TTTI) Chairman Dion Abdool on Saturday evening. In his address to the Transparency Institute of Guyana Inc (TIGI) annual fundraising dinner, Abdool called for an independent third party to be responsible for reconciliation and accounting of revenue and transactions.Trinidad and Tobago Transparency Institute (TTTI) Chairman Dion Abdool addressing the audience at Saturday’s dinner“This is of paramount importance, and there must be an independent third party looking at the revenue coming from the corporation that is extracting the oil and from the entity – the Government – that is receiving it,” he stated.Abdool proposed that the independent third party should be the Guyana Extractive Industries Transparency Initiative (GEITI). “Like TTTI, the Guyana Transparency Institute sits at the EITI table, they must insist for transparency and accountability in the reporting of the revenue so that there can be no tax leakage. Learn from our lessons well in Trinidad; it will redound to your benefit,” the TTTI Chairman urged.Abdool’s suggestion came as a result of Trinidad and Tobago’s Energy Minister identifying “tax leakage” as the reason behind a drop in revenue; this drop was initially thought to be caused by a simple decline in production.Additionally, Abdool urged that Guyanese be aware of entities within their own country, noting that “rip-offs” can come from locals, rather than just foreigners. As an example, he cited Trinidad’s recent experience of a fake oil scandal. He explained that an audit of the State oil company found that the country was swindled of millions of dollars within a few months.“In just a few months, they found that the volumes recorded by and reported and based on which the extractor was being paid were wrong to the tune of many, many millions of dollars. Learn from our experiences,” he pleaded.“Disclosure is in everyone’s best interest. The absence of information leads to mistrust. All may be well, but the mere fact that the information is not available leads to mistrust in the public’s mind.”Abdool said this to highlight that it was integral for data to be readily available in order to build and maintain trust between citizens, corporations, and Government.There are also plans to equip Journalists with the requisite training so that they could play a part in the anti-corruption cause.last_img read more

Forget about ‘mercenaries’ like Zlatan and put faith in youth, Man United urged

first_imgDavid Ginola has urged Manchester United to forget about signing Zlatan Ibrahimovic and invest in their academy instead.Ibrahimovic’s Paris Saint-Germain contract expires in the summer and United are reportedly keen on bringing the talismanic forward to England.But Ginola believes splashing out huge wages on the 34-year-old would be a backward step for the Premier League club.Louis van Gaal has blooded numerous academy graduates since taking the helm at Old Trafford.And, despite the lack of success under the Dutchman, Ginola says the club should continue with their policy of giving youngsters a chance rather than signing experienced ‘mercenary’ players like Ibrahmovic – as he believes it will benefit them in the long run.The former France international, speaking on the Alan Brazil Sports Breakfast, said: “He is reaching 35 and is probably at the end of his career. I don’t think it should be an option for Louis van Gaal or whoever is in charge next season.“It is better to build a team around the youth and what they are doing at Man United right now with Rashford, Lingard and Martial, I would rather see that.“Louis van Gaal has spent £200million on players and at the moment he is relying on 18-year-old kids. What is the point [of spending that money]?“We are looking for teams and massive clubs like Man United to invest very significant amounts of money on the youth and the academy. Barcelona for ten years worked really hard to bring talent from the academy right up to the first team and that is exactly what they have done. I see the future going that way rather than spending hundreds of millions on players.“I don’t want to see mercenaries in football. I want to see people who know inside out what the history of the club is all about and when you wear the shirt, you really play for them.”last_img read more

Record SA audience for opening match

first_imgThis combined audience is 39% higher than last year’s highest sports TV audience which was also broadcast across both channels – the semi-final of the Fifa Confederations Cup 2009 (7.35-million), when Brazil knocked out hosts South Africa. The highest confirmed in-home audience of the opening two days was achieved in China, where an average of nearly 24-million viewers watched the CCTV5 coverage of Greece vs Korea Republic. The average combined in-home audience in South Africa for the day’s second encounter, Uruguay and France, was almost half the opening game at 5 661 539. 15 June 2010 Univision in the USA gained an average of 5.4-million viewers for their coverage of the opening game. This ranks among the top 10 audiences for a football match in the USA in recent years, and is twice the size of the Univision audience for the opening game of the 2006 Fifa World Cup. Viewing figures were similarly robust for other countries whose data has been made available to Fifa over the weekend by the respective official broadcasters. An average of almost 1 in 5 people in Germany watched the England and USA match, the highest rating of all confirmed in-home audiences. In addition, two games aired on ARD attracted an average of over half of all television viewers during the games. Huge Chinese audience SABC 1 recorded an average audience of 8 895 965 viewers during the match, which equates to a 76% audience share, while SuperSport 3 registered an average audience of 1 250 828 viewers for an 11% share. The opening match of the 2010 Fifa World Cup between hosts South Africa and Mexico drew a record South African TV audience. The tournament is also getting good viewership ratings in North and South America, Europe and China. According to Fifa, the average combined in-home audience for the 11 June match was 10 146 793 viewers on the two local channels SABC 1 and SuperSport 3, according to data from the SABC. Top five in Mexico This is 15% higher than the average audiences achieved for the three group stage matches at the 2006 World Cup and ranks inside the top five in-home television audiences for a football match achieved in recent years in Mexico. In Mexico, a combined average of nearly 19% of the population with access to television watched coverage of the opening game at home. Source: BuaNewslast_img read more

CSIR, Nestlé develop locally sourced morogo noodles

first_imgThe CSIR, the Agricultural Research Council and Nestlé, together have launched a new range of noodles made from the nutritious indigenous vegetable morogo. It is an innovative commercial product that is expected to benefit local farming, particularly small-scale farmers. A morogo two-minute noodles product line is launched by Nestlé brand Maggi in October 2015, utilising the “proven health benefits of the leafy vegetable and, at the same time, helping (to) develop small-scale farming in South Africa”. (Image: Nestlé) A new locally grown and manufactured consumer product, Maggi 2-Minute Morogo Noodles, is the result of a three-year collaborative research project between South Africa’s Department of Science and Technology (DST), Council for Scientific and Industrial Research (CSIR) and Agricultural Research Council (ARC), and multinational food group Nestlé to develop the commercial potential of the popular vegetable staple and its farmers.This latest development falls in line with the vision of the National Development Plan, which has a particular focus on key areas such as rural development, skills development and job creation.An added benefit is the export possibilities for the product to the rest of the world. This would give South African small-scale agriculture a competitive jumpstart in those markets.The partners researched South Africa’s biodiversity to confirm morogo’s nutritional and pharmaceutical benefits, as well as its functional food applications. The Nestlé @CSIR and @ARCSouthAfrica teams who made the creation & production of the Morogo Noodles possible #CSIR70 pic.twitter.com/LFBX45naW1— Nestlé South Africa (@NestleSA) October 8, 2015 Science and Technology Minister Naledi Pandor made the breakthrough announcement on 8 October at the fifth CSIR Conference. The department “is proud of this key milestone where we successfully translated academic research into an innovative commercial product, which will be enjoyed by South African consumers,” she said.Dr Rachel Chikwamba, the CSIR’s group executive for strategic alliances and communication, added: “We provided our expertise in the processing of indigenous products to jointly develop this innovative product with Nestlé that will benefit the people of our country.” How Nestlé is turning South Africa’s traditional leafy greens to gold – AFKInsider http://t.co/2vuZDY3Yaq pic.twitter.com/kOeeZMInHK— Leona Ungerer (@ungerlm) October 11, 2015 This is the first time that morogo, also known as amaranthus, has been used in large-scale processed food production. Nestlé’s long-term stated goal is to help local small-scale farmers boost their income by producing morogo on a commercial scale.Various other leafy greens, including cleome and cow pea, were considered and assessed by Nestlé and the CSIR and ARC research teams for nutrient bioavailability during digestion. After extensive study and consumer research, morogo was ultimately chosen for its versatility and abundance.  The Morogo Noodles are available at Shoprite for now. To know more about it: http://t.co/cCEpCl9Wyu. pic.twitter.com/tfKynU3HO0— Nestlé South Africa (@NestleSA) October 9, 2015  Nestlé, the company said, was using morogo for a new line of Maggi two-minute noodles “because of its proven health benefits, particularly the presence of beta carotene, minerals and protein”.Morogo, with its distinctive leaves and taste, is extremely adaptable. It grows easily in various weather and soil conditions.“In South Africa, indigenous knowledge has massive potential for research, development and innovation,” said Pandor. “We successfully translated academic research into an innovative commercial product which will be enjoyed by South African consumers.”Nestlé’s collaboration with the South African government demonstrated the company’s commitment to communities in which it did business, said Ravi Pillay, its South African director of corporate affairs. It was a way of “leveraging global expertise for local preference”.It was also an opportunity for South Africa’s small-scale farmers, said Chikwamba.“We also evaluated the commercial viability of producing African leafy vegetables in a sustainable manner for commercial and smallholder farmers,” said Shadrack Moephuli, the chief executive of the ARC.Sources:AFKInsiderCSIRNestlélast_img read more

Merry Christmas and Happy Holidays 2015

first_imgWe spend a lot of time here on sales, meaningful work, hustling, and success. But there is a reason we do all of things. The holiday season is a time to reflect on those reasons.Merry Christmas and Happy Holidays!Anthony and Cherlast_img