AC Milan sale delayed again

first_imgMILAN (AP): The sale of AC Milan to a group of Chinese investors was again delayed yesterday. The completion of the deal was originally scheduled for December, but Silvio Berlusconi’s holding company Fininvest and Sino-Europe Sports agreed to a three-month delay, postponing the closing to yesterday. “Conditions of the contract have not been met so the closing cannot happen today as initially planned,” Milan vice president Adriano Galliani said at a shareholders’ meeting. “Fininvest points out, however, that it is evaluating the possibility of drawing up an agreement to give up its ownership of AC Milan soon.” The new date is expected to be March 31. The deal with Sino-Europe values Milan at 740 million euros. The investors have already paid 200 million euros as a deposit. Berlusconi, who purchased Milan 31 years ago, has been negotiating for more than a year to sell the Serie A club. Giuseppe Scala, representing those with smaller stakes in the club, accused Fininvest of not being transparent and demanded more clarity from the club. Galliani responded by saying he worked for Milan, not Fininvest. “Why should I feel like I’m being taken for a fool?” Galliani asked. “There’s nothing that doesn’t work, corporate life continues as normal and calm, salaries are paid. “The deal between potential vendors and potential buyers is between Fininvest and SES. They can give answers, not the managing director of Milan. With all the goodwill, I can’t respond to questions on where we are, what will happen, what will be AC Milan’s future, because I don’t know. If Milan will or will not be sold does not depend on me.”last_img read more

Sita to revamp govt systems

first_img1 December 2003The State Information and Technology Agency (Sita) is to “recondition” the core IT systems of six government departments by adding new features to old software.The project, which is aimed at raising the standards of service delivery, has already been implemented on the department of social development’s software, SocPen, which is used to process social grants.The agency said it planned to follow up on the success of the SocPen project by implementing similar “reverse-engineering” projects in other departments, including transport, home affairs, housing, health, and trade and industry. All these departments interact extensively with citizens.The agency said it would use data from the various departments’ applications, which described how, when and by whom a particular set of data was collected, to enhance the applications, make them operate as one, and add in Web functionality, in order to deliver interactive e-government services.Many government systems, including SocPen, have been built using the same database technology, namely Adabas/Natural.“Most government departments use this, so once we have reverse-engineered SocPen, it will be a lot easier to reverse-engineer others because they are based on the same technology,” said McKay Motshabi, Sita’s general manager for research and development.The project, said Motshabi, is being run parallel to Sita’s Master Systems Plan (MSP) that is currently being piloted in various government departments as MSP-in-a-Box.MSP-in-a-Box is aimed at assisting the government to standardise specific hardware and software architectures, as well as upgrade and replicate solutions across different departments.Motshabi said that in addition to being used within government, the MSP methodology will be given to external consultants to evaluate and assess.The MSP methodology, according to Motshabi, aims to provide a level of standardisation in terms of evaluating ICT requirements within government and to provide better uniformity and control.“Until now, different methodologies have been used, depending on the private sector’s preferences or on specific government departments,” he said, adding that the result had been a lack of cohesion and comparable results.“The aim is therefore to create a standard methodology that can be used by industry and Sita alike, producing output that is evaluated on an equal basis.”For this reason, Motshabi said, the government would eventually be able to provide services to citizens through a single Web portal or central call centre, providing a single point of access to services for citizens.Source: BuaNews Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

South Africa gets a mixed reaction in Africa

first_imgResearch into perceptions of South Africa in the rest of Africa found nation brand reputational strengths in culture, music, business sophistication, infrastructure and political management of democratic transitions. But South Africans were also perceived as imposing and aggressive. Petrus de Kock, research manager at Brand South Africa, said initial findings indicated personal interactions in business, social and government settings often left the impression among hosts in other African countries that South Africans were pushy. (Image: Media Club Reporter) • How much do you know about the ocean? • Disabled South Africans: know your rights – Infographic • Frank and honest: the Women On Sex web series • Enactus promotes entrepreneurship, innovation • Sandton goes car-free for a month Ray MaotaThere are mixed perceptions of South Africa in other African countries, according to South Africa Incorporated, or SA Inc, which aims to uncover unique insights to help Brand South Africa to understand the environment in which it operates.The project was created by Brand South Africa as part of its Africa Programme in order to uncover what local businesses face when they trade with and invest in peer countries on the rest of the continent, and when they travel to and live in other African countries.Results of the project were unpacked at research dialogue hosted by Brand South Africa and held at the Gordon Institute for Business Science in Illovo, northern Johannesburg, earlier in the week. The dialogue dissected South Africa’s brand on the continent and its various implications.SA Inc fieldwork was undertaken in 2014/15 in Kenya, Nigeria and Ghana, as well as Angola, Democratic Republic of Congo, Senegal and Russia in the 2015/16 cycle. One of the insights gained was that perceptions of South Africa and its people could hinder or advance the country’s business progress in the rest of Africa.For example, initial findings indicated personal interactions in business, social and government settings often left the impression among hosts in other African countries that South Africans were pushy, imposing and unwilling to listen to the authentic advice of locals and industry experts, said Petrus de Kock, research manager at Brand South Africa.The country’s National Development Plan, or Vision 2030, which sets out the vision for South Africa, posits expanded trade between South Africa and its peer African countries as a key long-term objective.SOUTH AFRICA AND ITS PEERSAccording to SA Inc, in Nigeria, from a reputational point of view, South Africa has a major influence on several fronts:With more than 150 companies active in the market, South Africa is highly visible and respected in many areas of national competency.South Africa’s democratic transition, institutional and infrastructural profile is appreciated and is often referenced as a key attractiveness feature.Nigerian respondents are keen to interact with and explore opportunities with South Africa for business and investment interactions and for cultural, music, tourism and related experiences.In Kenya, from a reputational point of view, South Africa has a major influence on two fronts:As a result of South Africa’s democratic transition, strong institutions; and,As a result of major interest in South Africa music and culture.FINDINGS ON SOUTH AFRICA’S FOOTPRINT IN KENYA AND NIGERIAUncovering outside perceptions of a nation is key to effectively marketing its brand, particularly for encouraging trade and investment. In July and August 2014, Brand South Africa researchers conducted fieldwork in Kenya and Nigeria to assess those countries’ views of South Africa and its people.It was found that Kenyans largely considered South Africans to be imposing and aggressive.“However, at the opposite end, the country and its people’s general openness is ascribed to an appealing culture and high-level accomplishments in several spheres,” De Kock said. “For example, our political transition and democratisation; the capabilities and range of sectors in the South African economy; South African technical, managerial, manufacturing, engineering, and a host of related practical capabilities – these all impact positively on perceptions of the nation brand.”In Kenya, there was a positive reception for South African products and services, mostly in the food sector, as they were competitively priced and of high quality. According to the SA Inc report, these perceptions stem from comments about how South African managers conduct themselves and treat Kenyans. This affects the reputation of South Africa and South African businesses in Kenya.On the other hand, South African companies’ perceptions of doing business in Kenya were characterised by wariness, a result of several failed attempts to invest in the nation.Perceptions of business and economic ties in Nigeria concluded that while South Africa had significant and diverse investments across a range of sectors in that country, Nigerian business people felt South Africa should be more open to investment from, and trade interaction with, Nigerian companies.CONCLUSIONSThe initial fieldwork findings indicate unique nation brand reputational strengths in areas such as culture, music, business sophistication, infrastructure and political management of democratic transitions.On the negative side, South Africans are perceived as imposing, aggressive, and unwilling to listen to local advice.“From a business perspective it implies that more attention needs to be paid to the manner in which South Africans interact with African peers, and how market entry strategies are designed by incorporating soft factors such as business culture,” De Kock said.From a political point of view, South Africa is seen as progressive, that it has strong institutions, and democratic credentials to underpin its Constitution. However, internal developmental challenges, xenophobia, and misplaced perceptions about African expatriates in South Africa is a cause for concern in Kenya and Nigeria.SOUTH AFRICA AND BRICSBrand South Africa shared a research report, The Ufa Declaration, and its implications for the BRICS brand.Most importantly, the report highlights the successes of BRICS in terms of implementing summit decisions, and the implications increased formalisation and institutionalisation has for the development of the organisation.This is an issue very few analysts have written about, especially in the context of how the development of the organisation is reflecting positively on the global governance capability of the five member states.last_img read more

Why Geographic Segmentation Still Matters in 2019

first_imgYour customers’ perspectives don’t remain the same over time, so what you offer shouldn’t stay static, either. Geographic segmentation can help businesses differentiate their strategies based on regional and cultural preferences. How we structure our days, what we eat, and even what our homes look like can be drastically different based on where we live. This is important for national and international companies to remember, especially if they’re opening a location in a new region or country. Starbucks utilized this geographic specification when it expanded into China; it took the time to create products and an atmosphere that would feel like home for Chinese residents. The stores featured a variety of teas and regional foods that catered to the region’s existing tastes. Unlike the grab-and-go atmosphere in the U.S., coffee and tea shops in China aim to be a destination that offers a tranquility to the beverage connoisseur. That’s why the stores were larger than what a U.S. customer might be used to and offered more seating space. Digital Marketing Jobs in the Government Sector Brad AndersonEditor In Chief at ReadWrite 1. Meet your customers where they are. Tags:#audience targeting#business#Entrepreneur#geofencing#geographic segmentation#geolocation#geospatial data#marketing#retail#segmentation#startup Brad is the editor overseeing contributed content at ReadWrite.com. He previously worked as an editor at PayPal and Crunchbase. You can reach him at brad at readwrite.com. 2. Sell seasonally smart products. Related Posts Getting to know your customers on a geographic level can also ensure that your business strategy maintains its agility. Predicting customers’ behavior and their response to specific products is necessary, but so is adapting what you’re selling to what they’re actually buying. It’s important to keep in mind that your customers’ engagement — and product excitement — is going to vary geographically. Spanish fashion company Zara has integrated this engagement-focused strategy in its production process. The company prides itself on creating products that are in line with current fashion trends, which is made possible largely because of its constant and rapid production cycle. Zara designs and produces items in roughly monthly cycles that allow the company to continue producing what actually sells. This way, the brand isn’t locked into a strategy or products that were created prior to consumer and market feedback. Utilizing geographic segmentation can help ensure that your business keeps stocking what your customers are excited about — and redesigning what isn’t working.Where customers live plays a big role in what they buy — and smart brands will take that into account as they develop offerings. While online platforms make it possible to buy anything from anywhere, that doesn’t mean people will. Geographic segmentation is still valuable in helping your company pinpoint what will get individual customers to pull the trigger. 3. Prioritize the agility of your business strategy. Seasonal variations and weather can seriously impact customer behavior and need to be taken into account. Simple seasonal changes can be catastrophic for a company that isn’t utilizing geographic segmentation. What your customers wear throughout the year will change drastically based on where they live. It’s why clothing and apparel companies still utilize geographic segmentation to target customers buying bikinis in California, while those living in New York might be searching for parkas. Weather patterns can even affect the purchase price that customers are willing to pay for certain products. A Canadian study found that sunnier weather tended to increase both consumption levels and the price spent per item. Sunshine led to a willingness to pay more for items like green tea or gym memberships, while cloudy weather made consumers willing to spend more on products like tobacco, alcohol, and coffee.    In the digital age, it can be tempting to believe that where you live no longer matters in relation to what you buy. And it can be easy for non-local businesses to discount localized information. After all, it shouldn’t matter where you customers live because they can always buy your product online, right? And with online shopping continuing to expand its reach from clothing to electronics to paper towels, geographic relevance appears to be taking a backseat. But where your customers live is still relevant to their purchasing habits, regardless of the size and location of your business; just look at Netflix for proof. The digital streaming giant has made headlines in recent years for its massive spending on original content, with the bill totaling more than $10 billion in a 12-month period. But its investment in original content has begun to pay off, especially as networks develop their own streaming platforms that could eventually control a bulk of the content that Netflix currently hosts.How Netflix is utilizing geographic segmentation and coming out aheadA study conducted by InMyArea in conjunction with Netflix tracked the most popular Netflix shows by state over time. In 2013, when Netflix released some of its first original shows, including “House of Cards” and “Orange is the New Black,” only 19.6 percent of states had a Netflix original show in the most-viewed slot. But by 2018, the most-watched show in 48 states (96.1 percent) was a Netflix original. That’s a remarkable number, considering that only 8 percent of the site’s content is original. Netflix doesn’t have to lobby for viewers on a state-by-state basis, but by understanding customer behavior and viewing habits, it can more accurately cater to the dominant viewing culture in each state. For Netflix, geographic segmentation might actually be key to the platform’s success, and by understanding the variety of demographics in each state, the brand can better create shows that represent viewers’ reality. Why geographic segmentation remains vital to your industryGeographic segmentation allows your company to adapt to the varying needs and wants of customers in different locations. Not all of your customers are the same; your marketing shouldn’t be, either. Keep these tips in mind: Trends Driving the Loyalty Marketing Industry AI is Not the Holy Grail of Sales, at Least Not… The Dos and Don’ts of Brand Awareness Videoslast_img read more

Three DIY Teleprompter Builds

first_img Share this Article Learn how to create your own video teleprompter in these great video tutorials.A professional teleprompter can set set you back thousands of dollars, but if you don’t mind getting handy, constructing a DIY teleprompter using a Kindle, iPad or other tablet can save you a considerable amount of cash. From corporate and commercial videos to web videocasts, a teleprompter is a great tool to have at your disposal.DIY Teleprompter #1This video tutorial was shared by Indie Mogul on their YouTube Channel.The basic supplies and picture frame needed to build the rig will set you back approximately $35, but you will need access to a Kindle or an iPad (an additional $100-$400).This DIY project does require an assortment of power tools. Using the regular glass that came with a wooden frame can look decent, but ultimate clarity for the talent reading the prompter can be achieved by tracking down mirrored glass from your local glass shop (you may even get it free). Griffin from Indie Mogul has an update below:DIY Teleprompter #2This video tutorial was shared by Chris Hall on his YouTube Channel.After having seen Griffin Hammond’s DIY teleprompter, Chris Hall made his own DIY build. While they use some similarities like an 8 x 10 picture frame and other parts, both designs have their advantages/disadvantages. Chris’s build is a more solid, wooden DIY design but it lacks portability in the extra weight.DIY Teleprompter #3If you need a portable teleprompter that fits 15 mm rails, look no further than this great DIY build from heyjustj Creative Services.  Again, the bulk of the cost is in the device (tablet) needed to drive the prompter. Additional supplies will set you back about $50.Prompter AppsOnce you have your DIY prompter created you’ll need to find the right app to drive it:ProPrompter is a great (under $10) app for iPhone/iPads/iPod Touch enabling full control over the scroll speed and other features with an additional iPhone/iPad.Teleprompter Pro Lite is a great, free professional teleprompter app for iPads.Prompt! Light FREE is great software for 2500 characters or less if you run your scripts from a laptop.Android Prompter is free prompt software made for Android phones featuring total control over font size, scroll speed, mirroring text, etc.Have any DIY tutorials you would like to share?Let us know in the comments below. wcenter_img elast_img read more

Salman Khan-starrer Kick’s first poster is dark and edgy

first_imgSalman Khan’s Eid release-Kick’s first poster is a complete departure from the superstar’s other films. Yes, it doesn’t have his face on it.All blue and dark, the poster has nothing but just an eye-mask hinting that Kick is not going to be the usual Salman Khan-style gala affair.First look of the film will release on June 15This impressive poster adds to the rumours that Salman is playing a grey role in the movie. Infact, Salman’s character in the film is named ‘devil’, also starring Jacqueline Fernandes, Randeep Hooda and Nawazuddin Siddiqui.Producer-director Sajid Nadiadwala told a tabloid, “He is the devil incarnate. His character is grey and edgy, even the goatee he sports is a salt and pepper mix. You’ve never seen him play a character like this before.”Well, we are looking forward to Salman’s ‘grey and edgy’ avatar.last_img read more

Human Error a Factor in Both US Navy Collisions

first_imgzoom Investigations into two separate collisions involving US Navy vessels have revealed that multiple failures by watch standers contributed to the incidents.The navy released a report on November 1 detailing the events and actions that led to the collision of USS Fitzgerald (DDG 62) and Philippine-flagged containership ACX Crystal, operated by Japan’s NYK Line, off the coast of Japan June 17, and the collision of USS John S. McCain (DDG 56) and Liberian-flagged tanker Alnic MC on August 21.“Both of these accidents were preventable and the respective investigations found multiple failures by watch standers that contributed to the incidents,” Adm. John Richardson, Chief of Naval Operations (CNO), said.The report showed that the collision between Fitzgerald and Crystal was avoidable and resulted from an accumulation of smaller errors over time, “ultimately resulting in a lack of adherence to sound navigational practices.”Specifically, Fitzgerald’s watch teams disregarded established norms of basic contact management and, more importantly, leadership failed to adhere to well-established protocols put in place to prevent collisions. In addition, the ship’s triad was absent during an evolution where their experience, guidance and example would have greatly benefited the ship.The second collision, between John S. McCain and Alnic MC, was also avoidable and resulted primarily from complacency, over-confidence and lack of procedural compliance, the US Navy said.A major contributing factor to the collision was sub-standard level of knowledge regarding the operation of the ship control console. In particular, McCain’s commanding officer disregarded recommendations from his executive officer, navigator and senior watch officer to set sea and anchor watch teams in a timely fashion to ensure the safe and effective operation of the ship.With regard to procedures, no one on the Bridge watch team, to include the commanding officer and executive officer, were properly trained on how to correctly operate the ship control console during a steering casualty, according to the report.These collisions, along with other similar incidents over the past year, indicated a need for the Navy to undertake a review of wider scope to better determine systemic causes. The navy’s completed its Comprehensive Review of Surface Fleet Incidents on October 23, 2017.last_img read more

Teekay Tankers Closes SaleLeaseback for Six Aframaxes

first_imgzoomIllustration. Image Courtesy: Pexels under CC0 Creative Commons license Tanker owner and operator Teekay Tankers has completed and closed the previously-announced sale-leaseback transaction for six Aframax tankers.The vessels in question are the Whistler Spirit, Blackcomb Spirit, Emerald Spirit, Garibaldi Spirit, Tarbet Spirit and Peak Spirit.As a result, the company has increased its liquidity position by some USD 60 million after the repayment of outstanding debt related to these units.Teekay Tankers informed that the financing was part of its financing initiatives revealed on August 2, 2018.As part of the transaction, the company will bareboat charter-in these vessels for 9 to 10 years. In addition, the company has purchase options for each vessel beginning after two years and a purchase obligation for each vessel upon the expiration of each agreement.“We are pleased to have successfully executed on this significant financing initiative with the completion of this sale-leaseback transaction. We increased our net liquidity position by an additional USD 60 million, extended our debt maturity profile and continue to work on other liquidity initiatives,” Kevin Mackay, Teekay Tankers’ President and CEO, said.last_img read more