Standard Bank comes out tops in Africa

first_img27 July 2011South Africa’s Standard Bank Group has again been named Africa’s top bank in The Banker magazine’s 2011 rankings of the world’s top banks by their Tier 1 capital.It also rose from 106th to 94th place in the list of 1000 top banks in the world.Standard Bank Group Deputy CEO Sim Tshabalala said the bank’s continued rise up The Banker’s rankings table demonstrated the group’s strength and ability to implement its strategy across Africa.“It is particularly pleasing to achieve a top ranking on the basis of objective criteria applied by an independent journal,” Tshabalala said in a statement this month. “The ranking points again to the substance in our strategy to keep Africa firmly at the core of Standard Bank Group.”Leading global journalThe Banker is a leading global journal of the banking sector. Its annual top 1 000 world banks survey is to show banks’ soundness in relation to the Basel requirement of a minimum ratio of Tier 1 capital to risk-weighted assets of 4% (increasing to 7% by 2019), and a minimum ratio of total capital to risk-weighted assets of 8%.In its July edition, The Banker says that Standard Bank has increased its Tier 1 capital to US$12.06-billion, an increase of 26.15% on the previous year and almost twice as much as the second-ranked bank.“The strong capital position, highlighted by The Banker’s rankings, provides a stable platform for further growth,” Tshabalala said. “We will continue to build first-class, on-the-ground banking franchises in chosen markets in Africa, investing in people, branch networks and systems.”SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

The Salesperson is Dead. Long Live the Salesperson.

first_img Essential Reading! Get my first book: The Only Sale Guide You’ll Ever Need “The USA Today bestseller by the star sales speaker and author of The Sales Blog that reveals how all salespeople can attain huge sales success through strategies backed by extensive research and experience.” Buy Now Have Amazon.com and other companies that mostly sell without salespeople proven that salespeople are necessary? Has the internet replaced the salesperson, providing more and better information than a human salesperson? Do people prefer to buy without the help of a salesperson, even when a decision comes with complexity and risk? Does all this technology suggest that salespeople are now unnecessary?You have to believe a lot of assumptions to believe that salespeople will soon disappear.Assumes knowledge: To believe that salespeople are going to disappear, you must also assume that people have the necessary knowledge to know what they need to do and what choices may be available to them. “But, Iannarino,” you say, “they can search the internet.” And you would be correct and wrong at the same time. What Google query do you enter when you want to know what it is that you don’t know you don’t know?Assumes understanding tradeoffs: Is this choice better than that choice in my situation? Some of the information I have gathered conflicts with other information I’ve found. Which information is right? Which tradeoffs make the most sense for me now? Assuming that people want to make decisions by themselves runs counter to how humans have made decisions for a long time. When decisions are important, people seek counsel. They seek wisdom. They do this after they have information.Assumes the right solutions: Are all solutions available, configured, and tailored for every application? Do they all come with a built-in understanding of every complex process or system in which they are going to be installed? Do they all automatically know why one stakeholder is going to benefit from what one buys while another stakeholder in the same company will be crippled by the decision? Most of what salespeople who work for companies that have customer intimacy find collaboration and customization to be critical to building the right solution.Assumes one doesn’t want or need help: Some people believe that because they keep their own counsel (like the man who acts as his own lawyer and has a fool for a client), they believe no one else wants help with important decisions. But it’s not true. A lot of people like to hear from people who have knowledge—and wisdom—in the areas in which they need to make decisions. In the future, it is not likely that people will abandon this practice.Assumes one can convince others: Because more and more decisions are made by consensus, to believe a salesperson will be obsolete to the buying process is to believe that one person is going to search the internet, find the information they need, chat with a bot, and convince the 16 people who are going to be affected by the decision that person makes. It assumes that this person will be able to sell her peers, even when outside opinions often weigh more than the opinions of the people who work for the company.Assumes concerns are resolved: How many times have you set out to buy something online and abandoned your shopping cart? The reason you bailed is that you had unresolved concerns. For some reason, more information did not resolve your concerns. You didn’t need information. You need to know that you were going to get the outcome you wanted, that what you bought was going to work, and that you were making a good decision. What is that technology didn’t supply?If all you can do is transact, then all that is needed is a transaction. The role of a salesperson is diminishing. But when this is not the case, the salesperson is going to have a role for a long time into the future, even if the nature of the role changes, and even if they are aided by greater technology.last_img read more

Foreign cricketers hope to cash in on the cricket craze in India

first_imgSteve WaughWith five months to go for the World Cup, many foreign cricketers are hoping to leap over the home market barrier and cash in on the cricket craze in India.An early player in this is Australian Test captain Steve Waugh who has signed a deal with MRF. His bat,Steve WaughWith five months to go for the World Cup, many foreign cricketers are hoping to leap over the home market barrier and cash in on the cricket craze in India.An early player in this is Australian Test captain Steve Waugh who has signed a deal with MRF. His bat carries its sticker. Foreign players usually feature in ads when they are playing in India but in Waugh’s case his popularity is seen as more widespread and deep-rooted.Says Jeet Banerjee, CEO of Gameplan, a Kolkata-based sports marketing company: “More and more international cricketers are coming to India for advertising.”Waugh’s compatriot Brett Lee is negotiating for an endorsement of Kingfisher through his manager Sporting Frontiers while Sri Lanka’s Muthiah Muralitharan came for a scouting mission-cum-coaching clinic earlier in the year.Australian Shane Warne has also indicated keenness. A foreign star, no matter what his cricketing ability, comes cheap-usually a quarter of a frontline Indian name.The ratio of match fees to endorsements is 90:10 overseas and closer to 40:60 in India. Outside of India, Australia is the biggest cricket market with its highest earner being vice-captain Adam Gilchrist.His endorsements include fork-lift trucks and air conditioners earning him $1.1 million (Rs 5.3 crore) a year. England’s top- earner is skipper Nasser Hussain whose annual earnings are $750,000 (Rs3.63crore).last_img read more

Samples show dust from BC pipeline blast not a health threat Enbridge

first_imgPRINCE GEORGE, B.C. – The company that owns the natural gas pipeline that ruptured and burned one week ago in central British Columbia, says the dust that settled on homes near the blast site does not pose a health threat.The latest post on the Enbridge website says earth sampling near Prince George shows mineral and metal composition is well below provincial and federal standards for urban and residential areas.Enbridge also says construction of an access road to the damaged line continues and repair crews may be able to reach the scene later this week, although the company has already said there is no timeline to return the 91-centimetre pipeline to service. FortisBC, the company that distributes natural gas to about one million homes and businesses in B.C., is urging customers to limit non-essential use of the fuel while the line is shut off and a second, smaller pipeline is running at reduced capacity.The Vancouver Park Board says it is doing its part to reduce consumption by turning down thermostats in the parts of city-run buildings where there will be a minimal impact to the public, such as staffing areas and common areas.Park board spokeswoman Margo Harper says heat in childcare centres, swimming pools and the on-demand heaters at ice rinks will not be affected.last_img read more

Water main break Thursday morning near Montanas

first_imgParts of the Montana’s parking lot was flooded due to the water main break.Some area businesses are temporarily closed due to the break.No further details are available at this time. FORT ST. JOHN, B.C. – Crews were on scene this morning, Thursday, as they attended to a water main break near Montana’s next to the Totem Mall.The water main break was contained as the City shut down water in the area.Crews are currently in the process of repairing the broken water main.last_img

Fill a Mountie Boot to support Cops for Cancer

first_imgFORT ST. JOHN, B.C. – Constable (Cst) Christiaan Dreyer rider for the Fort St John Cops for Cancer Tour de North is hosting a ‘Fill a Boot’ fundraiser.Saturday, July 27, 2019, from 12 pm – 3 pm at Save on Foods, at 10345 100th St. Cst Dreyer and his sidekick, Cst Jodi Lewis invite everyone to join them to fill a traditional ‘High Brown’ Mountie riding boot with donations for pediatric cancer research and Camp Goodtimes.The financial goal for Cst Dreyer’s is to raise $3000 before he sets off on the Tour de North in September. Donations can also be made online for Cst Dreyer on the Canadian Cancer Society Cops for Cancer page; CLICK HERElast_img

No joint raid with Turkey on Kurd rebels Iran

first_imgTehran: Iran has denied a claim by the Turkish interior minister that it took part in a joint operation on Monday targeting Kurdish rebels in the border area. In recent weeks, Ankara has talked up the prospects of joint military action with Tehran against the Kurdistan Workers’ Party (PKK) and its allies but Monday marked the first time it had spoken of a joint operation being carried out. “Iran’s armed forces have no role in this operation,” the official IRNA news agency quoted an “informed source” in the general staff as saying on Monday evening. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USHowever Iran “will forcefully confront any group that seeks to create unrest on our country’s soil,” the source added. Earlier on Monday, Turkish Interior Minister Suleyman Soylu said: “We started staging a joint operation with Iran against the PKK on our eastern border as of 8 am (0500 GMT)”. Soylu did not specify where the joint operation was taking place but President Recep Tayyip Erdogan has said previously that joint military action would focus on PKK rear bases in Iraq near where the three countries’ borders meet. The Turkish military has carried out repeated bombing campaigns against PKK targets in Iraq’s northern mountains during its more than three-decade campaign to crush the rebels’ campaign for Kurdish self-rule in southeastern Turkey. In recent years, Tehran too has carried out operations in northern Iraq against suspected rear bases of the PKK’s Iran-focused ally, the Party of Free Life of Kurdistan (PJAK).last_img read more

Yasin Malikled JKLF banned under antiterror law

first_imgNew Delhi: The Yasin Malik-led Jammu Kashmir Liberation Front (JKLF) was banned by the Centre under anti-terror law on Friday, officials said. The outfit has been banned for alleged promotion of secessionist activities in Jammu and Kashmir, they said. They said the organisation has been banned under various provisions of the Unlawful Activities (Prevention) Act. Its chief Yasin Malik is under arrest and at present lodged in Jammu’s Kot Balwal jail. This is the second organisation in Jammu and Kashmir which has been banned this month. Earlier, the Centre had banned the Jamaat-e-Islami Jammu and Kashmir.last_img

SAIL supplies steel for Armys Dhanush gun

first_imgNew Delhi: Domestic steel giant SAIL Wednesday said it has supplied special quality steel for India’s indigenous artillery gun ‘Dhanush’. Special quality forging steel was supplied from the PSU’s Durgapur-based Alloy Steels Plant. “Steel Authority of India supplied steel for India’s first indigenous and biggest artillery gun Dhanush, which was inducted into Indian Army on April 8, 2019,” the company said in a statement. With this, SAIL has once again established its commitment to fulfilling the Also Read – Thermal coal import may surpass 200 MT this fiscalcountry’s requirement and strengthening India’s defence systems, it said. Dhanush has been designed and developed by the Gun Factory in Jabalpur where it was handed over to the Indian Army. SAIL steel has been used in the country’s various defence programmes, including INS Vikrant, INS Kiltan, INS Kamorta, MBT Arju etc, it added. “SAIL is ready to meet and supply special grade steels for technical requirement of Indian’s defence programmes,” Chairman Anil Kumar Chaudhary said. The government owns about 75 per cent stake in SAIL. Its crude steel output grew over 8 per cent to 16.3 million tonne (MT) in the just concluded fiscal.last_img read more

Naresh Goyal pledges 26 stake in Jet Airways for loans

first_imgNew Delhi: Jet Airways founder Naresh Goyal has pledged 26 per cent stake in the ailing airline as security for loans from Punjab National Bank, according to a regulatory filing. Last month, Goyal and his wife Anita Goyal quit the board of cash-strapped carrier as part of a debt resolution plan. Jet Airways Thursday informed the stock exchanges that Goyal has pledged over 2.95 crore shares or 26.01 per cent stake with Punjab National Bank. The pledge was created on April 4 as “security for existing/ new borrowings taken by Jet Airways (India) Ltd,” the filing to the BSE said. On the same day, over 5.79 crore shares held by him were released. Those were kept under “non disposal undertaking” as security for borrowings taken by the airline, as per the filing. Goyal gave up the chairmanship of Jet Airways, which he founded more than 25 years ago, under a debt restructuring plan wherein lenders have taken control of the carrier.last_img read more