South African university gets global nod

first_imgCampus-wide student integration,reinvigorating academic culture andnurturing the most promising youngstudents through the vice-chancellor’sprestige programme are among theinnovations that earned the University ofthe Free State the Best Practice in HigherEducation in 2010 award.(Image: On the University)MEDIA CONTACTS• Lacea LoaderUniversity of the Free State+27 51 401 9111RELATED ARTICLES• Top award for Rhodes scientist• SA charity in line for top award• SA films scoop awards at Fespaco• SA scientists win AU awardNosimilo NdlovuThe University of the Free State has been honoured with the award for Best Practice in Higher Education in 2010 for its fresh approach in promoting racial harmony and academic excellence.The award, presented by the World Universities Forum, is based on a strict set of criteria, including innovative curriculums; quality of research projects; and student services.The forum said the award recognised a number of positive reforms at the university over the last year following a culture of “racial division, student failure and academic stagnation”.Campus-wide student integration, reinvigorating academic culture and nurturing the most promising young students through the vice-chancellor’s prestige programme are among the innovations made, according to university spokesperson Lacea Loader.In the last year the university sent 71 first-year students to US universities such as Harvard to help them become non-racial leaders on campus.It has also identified 20 of the most under-performing high schools in the Free State and is building relationships with them to help improve conditions.“We feel that the University of the Free State’s innovations demonstrate the profound impact higher education practices can have when they are well conceived and implemented. We applaud these innovations and the ways in which they promote racial harmony, student success and overall academic vitality,” the forum said.The university’s vice-chancellor and rector Prof Jonathan Jansen said: “We are humbled and encouraged by the recognition of academic excellence and institutional transformation that comes with this prestigious international award.”Jansen has had his work cut out for him following an incident on campus in 2008 which made international headlines. The media storm was in response to a racially insensitive video filmed by four students belonging to the university’s Reitz residence.Deserved recognitionThe university will formally accept the award at the World Universities Forum gathering at The Hong Kong Institute of Education from 14 to 16 January 2011.The forum was launched in Davos, Switzerland, in 2008 and meets annually at various venues around the world. It was held in Mumbai, India, in 2009 and again in Davos in 2010.The forum focuses on matters affecting higher education, politics and the global economy. During this year’s gathering, the forum will continue the discussion on the current role and future possibilities for universities around the world, and cultural tolerance at these institutions.“We are pleased that this discussion will include recognition of the University of the Free State and its tremendous efforts to address its own challenges,” the forum said.Loader said this was the first such honour for the university and representatives were excited about receiving the award.last_img read more

JSE black ownership on the increase

first_img12 December 2012 Black South Africans hold at least 21% of the top 100 companies listed on the Johannesburg Stock Exchange, with 21% of the available shares listed on the JSE still to be assessed, according to research released by the JSE last week. The 21% includes 9% held directly, mostly through empowerment stakes, and 12% through mandated investments, such as pension funds and unit trusts.Black, white SA investors at similar level “This year’s study found a similar participation level among black and white South African investors – 21% and 22% of the Top 100 by value respectively,” JSE chief executive Nicky Newton-King said in a statement, adding that, with 21% of the equity yet to research, the black ownership figures might be understated. According to Trevor Chandler of consultancy Chandler & Associates, who headed the research team appointed by the JSE, the top 100 listed companies used in the study represent 88% of the total market capitalisation of the exchange and can therefore can be used as a proxy for the total market. “Last year’s assessment revealed that black South Africans held slightly over 8% of the top 100 companies through direct investment,” the JSE said. “This year, by digging deeper, researchers found that the figure has moved up to 9% through direct investment, and that black South Africans also hold a further 12% of shares in top 100 companies through mandated investments.” Mandated investors do not select shares themselves, but gain exposure through life offices, pension funds, unit trusts or exchange traded funds.34% foreign, 21% unmeasured Chandler, unpacking the research for financial news website Moneyweb, said the overall breakdown of ownership of the JSE’s top 100 companies was 34% foreign ownership, 22% local non-black economic empowerment (BEE), 21% local BEE, 21% local unmeasured, and 2% South African government. Chandler told Moneyweb that there couldn’t be strict comparisons made with last year’s data, since this year’s research had involved much more data – the researchers had to go through 15-million share ownership records to assess ownership through mandated investments. This year’s research would, however, provide a base for future measurement. The research methodology employed in the study was reviewed by two BEE verification agencies, Aqrate and Empowerlogic, as well as one external audit firm, who found it to fairly present the results.Strict methodology The researchers were cautious about the assumptions that they made during the study. In particular, black economic interest was assumed to be zero when companies did not participate in study, or it could not be proved that pension schemes had black beneficiaries or that black people had life insurance policies or unit trusts. “As encouraging as the data appears, much still needs to be done to achieve an equitable landscape,” the JSE said. “To this end, the JSE has for many years run a number of initiatives to foster improved financial literacy and encourage retail South Africans investors to invest on the exchange.” These included the JSE/Liberty Investment Challenge, an annual trading game that teaches pupils and university student about the workings of the stock market. The JSE also hosts regular public expos across the country, as well as regular investor showcase events at the exchange that are open to the general public. SAinfo reporterlast_img read more

SOA Governance — What is it?

first_imgSOA Governance has been headlined in the IT news over the last couple of months, and analysts like Gartner’s Paolo Malinverno say things like “Service-oriented architecture governance isn’t an option — it’s an imperative.”  But just what is SOA Governance?A major goal of SOA is to be able to compose business processes out of interoperating Web Services.  But Web Services themselves are basically point solutions.  The idea of governance is that there is an overall guiding principle that steers SOA.  At a big picture level, a governance policy determines what Web Services need to be built, and at the individual Web Service level, makes sure that the services are designed to be interoperable and comply with standards, like security.Daryl Plummer, group vice president and research general manager at Gartner, said that “SOA Governance must address all domains of SOA – security, management, registry, development, orchestration/composite services and enablement/integration. Companies won’t be able to find a single solution or technology to meet the requirements for SOA Governance, and instead will have to bring together a framework built from multiple vendors, with the registry acting as the foundation that could unify it all.” Plummer’s quote was from April 2005, and it is interesting that a little more than a year later, the SOA market is consolidating with the goal of creating single vendor SOA stacks that can provide one-stop solutions.Two competing initiatives have emerged for how to deal with SOA Governance.  The first, originally developed and led by Systinet, is called Governance Interoperability Framework (GIF).  GIF was started up in April 2005 and consists of a consortium of companies that include Actional, Reactivity, Amberpoint, and MetaMatrix.A competing initiative called SOA Link was started by Infravio in April 2006 and includes Hewlett Packard, JBoss and Iona.  SOA Link has since added additional members, with many overlapping companies in both camps.As noted in the Daryl Plummer quote above, many consider the SOA registry to be key to successful SOA implementation.  The idea of the registry was first described within the UDDI specification.  The initial concept of the registry was that it allowed services to be looked up in a yellow-page-like directory.  But companies like Systinet and Infravio have taken the capabilities of the SOA registry to the next level.The SOA registry is being made to map business taxonomies into the SOA model.  The registry is now able to provide information about services, schemas, business processes, workflows and databases.The work that Infravio and Systinet did especially in the area of the registry made them candidates for takeover.  webMethods bought Infravio for $38 million on September 11th.  In late August BEA purchased SOA registry vendor Flashline. And on July 25th, Hewlett Packard bought Mercury who in turn had earlier purchased Systinet.  These are only a few of the many recent acquisitions happening in the SOA space. Logic Library remains as the only independent pure-play company specializing in the SOA registry.It’s important to realize that Web Services are only one piece of the SOA puzzle. Governance provides an important framework for SOA initiatives.  Formtek offers ECM Web Services that can work within the SOA structure to provide content library services.last_img read more

CourtVille: The Zynga Lawsuit Made Simple

first_imgRelated Posts Tags:#business#web Why Tech Companies Need Simpler Terms of Servic… In June, the disruptive, addictive, social gaming juggernaut Zynga vowed to transform the way games are built and consumed. By July 31, after a precipitous stock tumble, Zynga CEO Mark Pincus and other leaders are facing a class-action lawsuit for insider trading from angry investors who saw their fortunes evaporate while executives cashed out their winnings in high-rolling style. If this all sounds familiar, it’s because you heard a similar story a few months ago from Zynga’s big brother, Facebook.Here are highlights of the court filing:Before Zynga went public, its officers and directors agreed to not sell their stocks for 165 days, an agreement that would expire May 28, 2012. Waiving this lock-up would required the approval of Morgan Stanley and Goldman Sachs, which backed the IPO.Feb. 28, Zynga issued a press release reporting record 2011 sales and predicting favorable earnings in 2012. Perhaps most important was its assertion that “growth will be weighted towards the back-half of the year” — in other words, buy now, things are going to get even better. Shares hit an all-time high March 2.At this point, Zynga asked the Securities and Exchange Commission if it could sell more of its stock to investors. At the same time, Zynga also asked to waive the lock-up restriction so executives could sell nearly 50 million shares.The underwriting banks received $15 million in fees for the second stock offering, the officers received more than $500 million, while Zynga’s everyday employees were unable to sell any of their holdings.Zynga’s executives sold their stock April 3 — in advance of Q2 financial results — for $12 a share.April 26, Zynga released more rosy estimates based on growing first-quarter growth, and executives continued to assert that 2012 growth would be “weighted towards the back-half of the year.”But then the rose faded, fast.July 25, Zynga released lower-than-expected second-quarter results, including a profit 84% lower than expected. Zynga also lowered its 2012 targets significantly below the April estimates. It lowered sales by roughly 20%, earnings by roughly 82%, and EBITDA (another way of counting earnings) by roughly 50%. Analysts, in turn, slashed their ratings of Zynga’s stock, which plummeted.The lawsuit alleges that the defendants acted with scienter, which means that a party understands that it is about to commit wrongdoing before doing so. It also alleges that Zynga executives intentionally misled the public and the markets about their company’s prospects in order to “cause Plaintiff and other members of the Class to purchase Zynga’s securities at artificially inflated prices” and line their own pockets. The class includes everyone who purchased stock between Feb. 28 and July 25, 2012.The courts will have their hands full with this one, but one thing is impossible to deny–Zynga’s leaders (and their bankers) certainly did well. Pincus earned $200 million on the deal (which more than paid for the $16 million mansion he bought while Zynga burns), and four other investors (including Google) made $48 million or more.How the trades occurred was unorthodox and their timing was impeccable, but was it malicious and illegal? Insider trading is notoriously difficult to prove, but guilty or not, Zynga looks bad. Shareholder confidence is at an all-time low, and employee morale can’t be much higher. The case will almost certainly go to trial because a settlement would taint the company for years, and that means there will be no rapid or graceful end to the matter.Zynga has managed to catch one unexpected break. Its real-cash gaming aspirations never materialized. Had Pincus steered Zynga into online gambling, it might also be part of a fraud probe of Internet poker firms currently being conducted by the Department of Justice. One lawsuit at a time.Mark Pincus photo by Jason Lloren. 8 Best WordPress Hosting Solutions on the Marketcenter_img Top Reasons to Go With Managed WordPress Hosting cormac foster A Web Developer’s New Best Friend is the AI Wai…last_img read more

Eggermans and Powerballs

first_imgAll prospects aren’t created equal.EggermanOne company I work with won an account called Eggerman. Over the course of a full year, they billed Eggerman $187. That’s all the money that Eggerman had to spend in their space, and they commanded 100% of Eggerman’s mind share and wallet share.Eggerman showed up in the win column. But Eggerman wasn’t a win. Truth be told, the two sales calls that the salesperson made on Eggerman cost three times as much as the company billed Eggerman. Eggerman was a waste of time and energy.PowerBallThis same group is working on another deal, this one is huge. Let’s call it PowerBall. This company uses an online vendor management system. The vendor management company views everything as a transaction, and it loads vendors into the system.The vendors all blindly bid for jobs. They never get to speak with anyone inside the company. They never get to create any value. They are unknown, and they have 0.0 percent chance of developing a preference for their offerings. But they are approved.PowerBall shows up in the win column. But PowerBall isn’t a win. You have the same chance of realizing the promise of PowerBall as your chances of winning the real PowerBall. Let’s call that 0.0 percent, or something close to it.Move UpstreamEggerman is an example of a company for whom you can create no value. They don’t really spend money in your space, and they don’t have the kinds of problems you can solve. This being true, there is no reason to call on Eggermans.PowerBall is an example of a prospective client where there is no way to profit from having won the business. It doesn’t matter how much money they spend, if you can’t really compete for the business. there is no reason to call on PowerBalls.Right now, look at your pipeline. Delete any “opportunity” that is either an Eggerman or a PowerBall. When your sales leader asks what happened to those deals, tell him there was nothing there and you are going to replace them with real opportunities. Essential Reading! Get my 3rd book: Eat Their Lunch “The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition.” Buy Nowlast_img read more

Ohio State mens lacrosse coach Nick Myers continues dream with US Lacrosse

Coach Nick Myers addresses members of the OSU men’s lacrosse team.Credit: Molly Tavoletti / Lantern reporterDon’t settle. Don’t get comfortable. Pave your own way.Ohio State men’s lacrosse coach Nick Myers said he strives to instill that advice in his Buckeye team, and will soon encourage another group of young men as the head coach of the 2016 U.S. Men’s National Under-19 team, a position he said he humbly accepts.“The opportunity to put the stars and stripes on and be a part of Team USA and associate with US Lacrosse is something I’ve dreamed about,” Myers said. “The mission is to go there and win a championship.”Myers grew up in southern Maine, a location that isn’t necessarily known for breeding lacrosse players. But as the sport made a slow and steady spread from traditional hotbeds like New York and Maryland, he credited his stepfather for first placing a stick in his hands, guiding him on an admittedly nontraditional journey to where he is today.“In sixth or seventh grade, we were the only kids in our town that had sticks,” Myers said. “We were running a club team kind of out of our house … In high school I never played on a varsity team, it was always a club team.”After graduating from Springfield College (Massachusetts) in 2001 with a Division III All-American honor, he almost immediately began his relationship with OSU, starting as a volunteer assistant during the 2002-03 season. He simultaneously waited tables at Outback Steakhouse to make ends meet, but said the sacrifices were worthwhile.He never looked back from there, taking just six years to reach the top of the program.“I’ve really grown up in this athletic department,” Myers said. “I was 21 when I first got here, now I’m 35. It’s been a lot of growth.”Since becoming head coach in 2008, Myers has led the Buckeyes to the 2013 Eastern College Athletic Conference Tournament, the 2013 NCAA quarterfinals with the No. 3 seed in the NCAA tournament, and has reaped numerous All-American and all-conference honors. While Myers has shown success on the field, he said he believes achieving success requires much more than just winning.At OSU, Myers established a leadership council and developed a mentor program between seniors and freshmen, recognizing the student-athlete challenges while offering support.“We’re working to create a really strong foundation and to develop them as men,” he said. “We ask, ‘Are they leaving here with a skill set that has really been refined?’ And if we can do that, we’re hopefully doing more than just coaching them on the field.”After earning a degree in education and marrying a teacher, Myers said he never imagined a career outside coaching. And though he lives to teach others, he said he recognizes the importance of self-growth as well, crediting the many mentors he himself has learned from along the way.“Each year you have an opportunity to impact more student athletes but you’re always looking outside yourself to grow, to learn,” Myers said. “There are so many people I’ve had the opportunity to work with who have taught me a great deal, people who are willing to take the time to spend with a coach who’s still learning the ropes.”Among those mentors, Myers particularly credits former OSU coach Joe Breschi for enabling his success both on and off the field, something Breschi said he is proud of.“He is a wonderful tactician and has great passion for the game,” Breschi said. “Nick has the unique ability to balance coaching, family and faith while keeping all life’s challenges in perspective.”As a coach, Myers perpetually seeks to “sharpen his saw,” and as a husband and father of two boys, ages 2 and 4 (who are already armed with sticks, helmets and pads), the balance he strives for off the field is essential with his team at OSU.“The ones who separate themselves are the ones who can be humbled, yet are still starving to get better,” Myers said. “We encourage our men to be go-getters, to be hungry, to crave feedback and to be pushed and challenged.”Myers and the Buckeyes are currently hungry for their first road win of 2015, and have a chance to pick one up against Bellarmine on Friday. The game set to begin at 7:30 p.m. in Louisville, Ky. read more

Sokratis Papastathopoulos pinpoints Arsenals defensive issues

first_imgArsenal defender Sokratis Papastathopoulos has spoken out about his side’s 3-2 defeat to Chelsea at Stamford Bridge, a week on from their loss against champions Manchester City.The Gunners Premier League couldn’t be any tougher, with the new Arsenal boss Unai Emery pleading for patience and time for the team to blendSokratis was one of five new arrivals to strengthen the senior squad alongside Bernd Leno, Lucas Torreira, Matteo Guendouzi and Stephan Lichtsteiner.Rather than requesting patience from supporters, the Greek defender faced up to the failings at the back against Chelsea and called upon the rest of the team to fix the problems that undermined their performance at the other end of the pitch.Harry Maguire, Manchester UnitedSolskjaer praises Harry Maguire after Man United’s 1-0 win Andrew Smyth – September 14, 2019 Ole Gunnar Solskjaer singled out Harry Maguire for praise after helping Manchester United keep a clean sheet in their 1-0 win over Leicester City.“We didn’t defend very well in the first half, all the team,” Sokratis told the club’s official website. “It was too easy for them to come into our half and score.“We had to score more because in the end, we lost the game. We have to improve in the next game.”Next up for the Gunners is a Premier League clash with the Hammers who are also on a losing streak.last_img read more

Luis Enrique Rodri can surpass Busquets

first_imgThe British publication, FourFourTwo, have broadcasted the words of Spain national team head coach Luis Enrique concerning Atletico Madrid midfielder Rodri.According to the former Barcelona manager, the 22-year-old hotshot has all characteristics to become a ‘new Sergio Busquets.’Although Rodri is yet to establish himself as a regular starter at the Estadio Wanda Metropolitano following his summer’s arrival from Villarreal, Enrique seems to be a huge fan of the prosperous youngster.“I have already spoken about their similarities,” he told a news conference.“It’s not good to give too much praise and he is very young, but Rodri comes across as very professional and prepared mentally.“He can reach Busquets’ level and maybe surpass it. Who knows what limits he has?”Robert Moreno says he would step aside if Luis Enrique asks him Manuel R. Medina – September 3, 2019 The Spanish national team manager, Robert Moreno, took the job after Luis Enrique stepped down because his nine-year-old daughter passed away after a bone tumor.Rodri will be better than Barcelona icon Busquets – Luis Enrique https://t.co/ohoDJdkoz2 pic.twitter.com/VRS5qnE5za— Goal Nigeria (@GoalcomNigeria) October 4, 2018Now it’s up to the Rodri to give his answer on the field, but a comparison with a figure such as Busquets can only be flattering.The highly-rated midfielder will in the Spain squad for the matches against Wales and England along with Busquets, as well as, his two Atletico companions, Saul Niguez and Koke.last_img read more

33rd Annual Jackpot Halibut Derby Kicks Off Tomorrow

first_img111 tags have been attached to halibut through Kachemak Bay, tags are worth $250, $500, $1000 with two tags big tags: Homer Charter Association tag worth $10,000 and the Homer Chamber of Commerce tag worth $25,000. The Homer Jackpot Halibut Derby is the longest running halibut derby in the state of Alaska, with over $90,000.00 in CASH prizes, and runs May 15 to September 15 each year. You can purchase Derby tickets at businesses all over Homer, and tickets are required in order to participate. Winners will be announced at the September 20th Jackpot Halibut Derby Gala. Facebook0TwitterEmailPrintFriendly分享The Homer Chamber of Commerce & Visitor Center’s 33rd Annual Jackpot Halibut Derby starts tomorrow, May 15. Derby info available at: www.HomerAlaska.org/jackpot-halibut-derby.htmllast_img read more

Be Advised Of Hazardous Driving Conditions

first_imgThe City of Soldotna released a statement, driving conditions are very hazardous right now. City sanding trucks are out, and we want to encourage everyone to drive very carefully, or stay home if don’t have to be out on the roads. Plan ahead for icy driving/difficult driving conditions if you are heading to Anchorage from the Kenai Peninsula within the next 24 hours. Travel still not advised by the Department of Transportation on the Seward Highway due to the recent landslide danger. Drivers should expect wet and icy roads, icy patches, ice glaze, ice, black ice, slippery road surface, reduce your speed, ice on bridges/overpasses.center_img Facebook0TwitterEmailPrintFriendly分享The recent rainfall and freezing temperatures have caused very difficult driving conditions in the Kenai Peninsula area.last_img read more