September 30, 2020
  • 1:25 pm Dutch insurer outsources pensions administration to APG subsidiary
  • 1:21 pm Swedish pension funds wrangle with VW over potential conflict of interest
  • 1:17 pm Falling interest rates lift Q1 return at ING pension fund to nearly 7%
  • 1:04 pm Pension fund for Dutch watchdog seeks merger with other schemes
  • 1:02 pm Rising management costs see PPF consider in-house team

first_imgAuthor, Sir Percy Fitzpatrick, wrote the book Jock and the Bushveld in Barberton. The sculpture of Jock stands outside the town hall.(Images: Barberton Community Tourism) Barberton was home to the old Transvaal’s first stock exchange. The Barberton daisy was first discovered here by Robert Jameson in 1889.MEDIA CONTACTS • Astrid ChristiansonMarketing ManagerBarberton Community Tourism+27 13 712 7119Romaana NaidooIt might look unassuming, but the quaint Lowveld town of Barberton, in the foothills of the Makhonjwa Mountains, is a winner in the heritage stakes.Founded in the late 1800s, this town in Mpumalanga’s De Kaap Valley can lay claim to some of the country’s firsts: the first stock exchange in the old Transvaal; the first double-storey building in that province; the first swimming pool in the old Transvaal; and the longest and only cable car that crossed into another country (Swaziland).Barberton is a geological, cultural, ecological and botanical treasure trove well known for its gold-mining history. Fringed by the oldest mountains in the world, which date back 3.5 billion years, the town – some 43km south of Nelspruit – is home to some of the oldest exposed rocks on the planet.Barberton Community Tourism marketing manager Astrid Christianson says thousands of scientific papers have been written about the Barberton Greenstone Belt, or the Barberton Mountain Land, which has the best preserved and most easily accessed Archean rocks in the world.Most recently, microscopic fossils of primitive single-cell organisms were found in the area, which indicate the emergence of life occurred a billion years earlier than previously thought.Also known as the “Genesis of Life”, this greenstone belt contains fossils of the earliest life forms on Earth as well as evidence of an ancient meteorite strike.Gold was discovered in the area over 120 years ago, marking the beginning of industrial development in South Africa, and the mines that flourished then are still producing the oldest gold on the planet.Christianson, who describes Barberton as a bowl of crumpled hills dressed in flat-crowned thorn trees and dusted with aloes and daises, says gold laid the foundations of the town.“The valley has scarcely a creek or a cave that has not been panned or peered it into since the Barber brothers made their gold strike back in 1884. Almost every inch has been gone over with a fine tooth comb – or at least a hand shovel – in the hope of instant riches.”Evidence of the early gold rush can be seen at numerous sites, including Bray’s Golden Quarry, which was once a source of a rich ore deposit, and at Rimers Creek, where the Barbers struck gold. Sheba Mine, said to be the oldest operating gold mine in the world, is tucked away in a hillside, while Fairview Mine has the only biox plant in South Africa for the extraction of gold, and still operates a ropeway for conveying ore to the crusher.However, gold is not the town’s only treasure – the area’s botanical riches are a draw card for those seeking green gold. The biodiversity of the Barberton Centre of Endemism is said to be rivalled only by the Cape Floral Kingdom.“Cynics say this is simply because there have been more botanists in this area than elsewhere – and perhaps there is a fragment of truth there – but the botanists came because of the plants. The reason for the rich variety of plants is the area’s exceptional geology,” said Christianson.The Makhonjwa Mountains which surround Barberton – from Jeppe’s Reef to Oshoek and all the hills between, from Shiyalongubo to Queen’s River and Jambila to Songimvelo and Elukwatini – also have important high-rainfall catchments that are protected in terms of several proclaimed nature reserves.“Spend a day exploring the valley on quad bike, mountain bike, horseback or foot, or view it from the air in a microlight or hang-glider, or let it zoom in on you while sky-diving,” says Christianson. “Explore old mine shafts, or hunt for rare butterflies on the bald hill that was once crowned with ephemeral Eureka City, the town that had hardly boomed before it went bust.”The area is also home to an abundance of wildlife, and walking through the town one can catch sight of the elusive Narina trogon, flashes of crimson from the wing of the purple turaco – and even baboons.The cultural history of the region is also significant, encompassing the colonial and apartheid eras, as well as that of the Swazi nation. Today, Barberton is home to many cultural groups that have played a role in shaping the town’s heritage.Christianson says, “On the darker side, Barberton has played a role in three great wars: the Anglo-Boer war and the two World Wars. Barberton Prison, made famous through Bryce Courtenay’s novel The Power of One, housed many a freedom fighter in the apartheid years, among them Helen Hendricks, Dorothy Dlamini, Dorothy Kubheka, Jean Middleton and Esther Barsel.“Esther was later private secretary to Chris Hani and a close friend of Nelson Mandela, who himself was held in the Barberton Prison before being sent to Robben Island.”Heritage walks through the town, which include visits to restored late Victorian residences, offer a peek into life during the 1880s mining boom. The local museum is housed in the renovated Barberton Iron and Steel Foundry building.Adjacent to the museum is the Umjindi Jewellery Project, which trains young people in jewellery design and manufacture. It also has a coffee shop and an interesting collection of arts and crafts.East of the town, on the old wagon road, is world-renowned Outsider artist Nucain Mabuza’s Stone Garden. Author Sir Percy Fitzpatrick and his dog Jock travelled this route and the book Jock of the Bushveld was written in Barberton.A chunky sculpture of Jock, created by Ivan Mitford Barberton – a descendant of the town’s founding brothers – stands outside the town hall.last_img read more

READ MORE

first_imgA 12-year-old girl was slapped 168 times over a period of six days by her classmates at a residential school on the instructions of their teacher, the child’s father complained to school authorities and police. However, the school principal K. Sagar termed it a “friendly” punishment. “They were not strong slaps but mild and friendly ones. We will also talk to the parents. We don’t allow corporal punishment in the school. The girl is weak in studies and doesn’t complete her assignments,” Mr. Sagar said, adding that the teacher chose this form punishment to improve her performance in school. The incident took place at the Navodaya Vidyalaya in Thandla town here and the girl’s father, Shivpratap Singh, told police that she was slapped 168 times between January 11-16 for not completing her homework.The girl is a student of Class VI at the school.He told police that the school’s science teacher, Manoj Kumar Verma, on January 11, asked his daughter’s classmates to slap her as a form of punishment and 14 girls slapped her two times every day for six days.Mr. Singh also stated in his complaint, filed a couple of days ago, that his child was unwell and therefore was unable to complete her homework. He alleged that the school was aware of the child’s illness. He also told police that his daughter fell ill due to fear and distress and refused to go to school, following which she had to be admitted to a local hospital.Thandla police station in-charge S.S. Baghel confirmed that a complaint had been received but added that no injury was found during medical examination conducted on the girl. “We had received a complaint. No injury was found during the medical examination of the girl. Our team also visited the school and found that such an incident had occurred. We are investigating further. However, no formal case has been registered so far,” he said. District Collector Ashish Saxena said that the issue had come to his knowledge and he had ordered an investigation.last_img read more

READ MORE

first_imgNew Delhi, Jun 27 (PTI) The Indian mens & womens throwball teams scripted history by bagging a gold medal each in the World Games, held at Kathmandu, Nepal. The womens team defeated arch-rivals Pakistan 15-13, 15 -12 in a nail-biting final to clinch the title, while the men posted a 15-13, 15-12 win over Bangladesh in their final match to finish at the top of the podium. This was the first time that the Indian teams had participated in these Games, which took place from June 15 to 18. The World Games, organised by the International Sports Council (Canada), saw participation from 11 countries, competing in 42 different categories. The General Secretary of the Throwball Federation of India, Naresh Mann congratulated both the teams. “These players had worked hard to win a medal in the World Games. I hope the players will continue to illuminate the name of India,” he said. Indian mens team had earlier defeated Malaysia 15-9, 15 -10 in the semifinals and the womens side beat Malaysia 15- 10, 15-11 in the last four stage. PTI CM CMlast_img read more

READ MORE

first_imgBALTIMORE, MD — California Chrome won the Preakness Stakes in dramatic fashion on Saturday to keep alive his bid for U.S. horse racing’s first Triple Crown since 1978.As a follow-up to his victory in the Kentucky Derby, trainer Art Sherman’s horse justified his stature as the overwhelming favorite by outrunning Ride On Curlin to the finish.It was the first Preakness victory for the 77-year-old trainer. California Chrome has won six straight races.The chestnut colt covered the 1 3-16th mile (1,900-meter) course in 1:54.84.With Victor Espinoza in the saddle, California Chrome stayed off the pace in third place before kicking into another gear to storm in front.“It’s an awesome feeling,” Espinoza said. “It was just a crazy race. I got more tired mentally than physically. I see another horse go to the front. I was going to sit second. .. I sit back, as soon as the other horse got clear of me, it worked out perfect.”Although Ride On Curlin was strong at the finish, he didn’t have enough to catch the winner.California Chrome paid $3 and $2.40. Ride On Curlin returned $5.60 and $3.80. Social Inclusion, who went off as the second favorite at 5-1, returned $3.40.General a Rod was fourth and Ring Weekend took fifth.California Chrome is the first California-bred horse to win the Preakness since Snow Chief in 1986.With a victory in the Belmont on June 7, California Chrome will become the 12th Triple Crown winner and the first since Affirmed. Since 1978, 11 horses have won the Kentucky Derby and the Preakness, but failed to win Belmont.TweetPinShare0 Shareslast_img read more

READ MORE

first_img Minister of Tourism, Hon. Edmund Bartlett, says the heritage experience in Falmouth is being leveraged to enhance the town as a major destination for cruise-ship and stopover visitors. Minister of Tourism, Hon. Edmund Bartlett, says the heritage experience in Falmouth is being leveraged to enhance the town as a major destination for cruise-ship and stopover visitors.He noted that the rich history of the town, with the Georgian architecture and various attractions, makes the Falmouth capital “a wonderful tourism asset”.The Minister was speaking at the ceremony to break ground for the new Ocean Coral Spring Hotel in Falmouth on February 6.He noted that the Tourism Enhancement Fund (TEF) has spent some $385.2 million on rehabilitation and beautification projects in Falmouth, inclusive of renovation of the Trelawny Parish Church, the Falmouth Post Office, Falmouth Courthouse and Water Square; streetscape improvements at Market Street, Harbour Lane and Falmouth Street; as well as rehabilitation of heritage buildings and the Jewish Cemetery as part of the Falmouth Heritage District.“In addition, we have another $629.3 million in projects on stream, inclusive of the artisan village at the old Hampden Wharf. We look forward to the completion of Ocean Coral Spring, which will strengthen Falmouth’s appeal as a destination by expanding its hotel offerings and raising the town’s room count,” the Minister said.Ocean Coral Spring Hotel is a 1,000-room property being developed by the Spanish Hotel chain, H10.The developers are investing US$250 million in the project and the first 500 rooms are expected to be completed by the end of the year. H10 operates 50 hotels in 18 destinations. The Minister was speaking at the ceremony to break ground for the new Ocean Coral Spring Hotel in Falmouth on February 6. He noted that the rich history of the town, with the Georgian architecture and various attractions, makes the Falmouth capital “a wonderful tourism asset”. Story Highlightslast_img read more

READ MORE

first_img Now playing: Watch this: Now playing: Watch this: Spider-Man: Far From Home teaser trailer shows a globetrotting… Tags Marvel Spiderman The Avengers The first trailer for the film, which contains many of the elements in Tuesday’s teaser, played for fans in December at the CCXP event in Brazil. Holland announced the pending trailer drop the night before on Instagram.Even Gyllenhaal got in on the teasing fun for his MCU debut, with a post about his reaction to hearing the trailer when it was first shown at CCXP.  Comments TV and Movies But while talking in his hotel room with bestie Ned (Jacob Batalon), Ned suddenly hits the floor from a tranquilizer dart shot at him by Fury, who’s sitting right in the shadows of the room. Suddenly, Peter finds himself recruited on some kind of mission that shows him webslinging through London, briefly donning a black suit and aligning with Gyllenhaal’s Mysterio (traditionally a Spider-Man villain) and fighting what appears to be Hydro-Man.Homecoming director Jon Watts is back in the director’s chair. And since this movie will be the first in the Marvel Cinematic Universe to debut after Avengers: Endgame, it’s notable that we do not see Robert Downey Jr as Tony Stark considering how much he was highlighted in Homecoming (we’ve got some theories about Endgame here).An international version of the trailer also made its debut Tuesday, leading off with a customs officer opening up Peter Parker’s luggage, which has his Spider-Man suit right on top with a note from May that says “You almost forgot this!!” Peter worries his cover is blown, but it turned out the officer only wanted to confiscate a banana in his bag. You can watch the rest of the international trailer, which is slightly shorter than the earlier one, here. Spidey’s back in action, and going global, in Far From Home. Sony Pictures Entertainment/Screenshot by CNET The first teaser trailer for Spider-Man: Far From Home swung onto the internet early Tuesday, and it brings the Fury. Yes, Nick Fury (Samuel L. Jackson), plus a very clear look at the illusionist Mysterio (Jake Gyllenhaal).  3 The teaser opens with Aunt May (Marisa Tomei) and Peter Parker (Tom Holland) working together on public events in New York following the former’s discovery at the end of 2017’s Spider-Man: Homecoming that her nephew is Spider-Man. In comes Happy Hogan (Jon Favreau), who appears to have struck up a bit of chemistry with May, much to Peter’s surprise.Peter is then seen prepping for a school trip to Europe. He considers leaving his Spider-Man suit at home, heads abroad and takes part in awkward yet playful flirty banter with Michelle Jones (Zendaya). Ahead of Avengers: Endgame, we visited the S.T.A.T.I.O.N. exhibit in Vegas And Marvel tweeted this poster Tuesday morning: In theaters July 5. #SpiderManFarFromHome 🕷️ pic.twitter.com/1UTyaMGDb6— Marvel Entertainment (@Marvel) January 15, 2019 2:37 Spider-Man: Far From Home — Everything to know 61 Photos 1:20 Share your voice Spider-Man: Far From Home opens July 5 in the US and July 4 in Australia. No UK date has been announced. First published Jan. 15, at 6:09 a.m. PT.Update, 8:10 a.m. PT: Adds additional details on the film. last_img read more

READ MORE

first_imgHighlighting that LIC’s core focus would be infrastructure investment, the life insurer has decided to be a partner in India’s first sovereign wealth fund earmarked for infrastructure sector, reported Press Trust of India. The Rs. 40,000-crore National Investment and Infrastructure Fund (NIIF) will be owned by the government and other partners in a 49:51 ratio.”LIC has enough funds to invest in NIIF. LIC’s core focus is infrastructure investment. There is no problem in investment quantum,” said S.K. Roy, chairman of the state-owned insurance company.NIIF has already signed MoUs with global sovereign wealth funds like Russia’s Rusnano, Abu Dhabi Infrastructure Authority (ADIA) and Qatar sovereign wealth fund Qatar Investment Authority (QIA). All the MoUs are analysing investment opportunities in Indian infrastructure sector. The Fund is also in look out for a chief executive officer, reported PTI.Last week the NIIF Governing Council, headed by Union finance minister, met and approved some alteration in its investment model, reported the Indian Express. The council proposed that the government should open investments in individual projects, given the growing interest by potential investors.It highlighted that global sovereign wealth funds are primarily long-term funds that would require the government to be a partner and facilitator.last_img read more

READ MORE

first_img IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:01/1:02Loaded: 0%0:01Progress: 0%Stream TypeLIVE-1:01?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … Indian military commanders have been planning to restructure the forces for the last two years to reduce manpower costs but the snail-paced development has halted any decision. Currently, more than 2.4 million retired defence personnel are getting pensions from MoD with around 55,000 being added every year. Laxman Behera, a research fellow at the Institute for Defence Studies and Analyses in New Delhi, added, in last four years, the military’s spending on pay, allowances and pensions had jumped from 45 per cent to 56 per cent. In contrast, capital procurement sunk to 18 per cent from 21 per cent during the same period. Close Indian Army soldiers in KashmirCredit: ReutersThe Indian defence forces seeking a long-planned modernisation programme is likely to wait longer as the Ministry of Defence (MoD) is expected to get a meagre rise in defence spending in the 2019-20 budget. All the tri-services have requested for an urgent modernisation to remain effective in war.For instance, the Indian Airforce is in dire need of hundreds of fighter aircraft to fight a two-front war. It is already operating below its sanctioned strength of 42 squadrons. The navy has a long list of submarines and patrol ships to counter Chinese influence in the Indian Ocean Region (IOR). Similarly, the Indian Army has requested for almost every modern equipment from assault rifles to surveillance drones and body armour to increase its lethality. Sailors from the Indian Navy stand on a submarine as Indian as well as foreign warships began to line up off the Bombay coastCredit: ReutersBut all these plans have been kept on hold since a long time as the governments have been unable to allocate funds for modernisation programme due to a major chunk of money going for a 1.4 million standing military, the world’s second largest after China. The government allocated Rs 4.31 trillion ($62.27 billion) for defence, a 6.6 per cent rise as against last year in the interim budget announced in February before national elections. The allocations clearly meant that the amount would not be enough to add lethality to its forces.News agency, Reuters reported that upcoming budget to be presented by Finance Minister Nirmala Sitharaman is also going to be on the similar lines and any major jump in fund allocation to MoD is highly unlikely. One of the officials close to the development said, “Defence is our major spending and we give it as much as the budget allows. But this year, a significant rise to what has already been allotted looks difficult.” Indian Air Force to buy 110 fighter jets worth Rs 973.8 bnlast_img read more

READ MORE
READ MORE

first_img MONTREAL — Canada’s airline association says it’s happy with the extra funding for airport security in yesterday’s federal budget but still frustrated that the federal government is keeping Canadian airline passengers “in the dark” about airport privatization.“While the budget does bring the promise of some relief for air travellers by investing a larger chunk of passenger-generated revenue back into security screening, it is silent on the government’s plans for Canada’s airports,” said Massimo Bergamini, President and CEO of the National Airlines Council of Canada (NACC).The National Airlines Council of Canada is the trade association representing Canada’s largest national and international passenger air carriers: Air Canada, Air Transat, Jazz Aviation LP and WestJet.“The additional funding for Canada’s air transport security authority should result in shorter processing times and better security. This is something that our organization has been advocating for and that we applaud,” said Bergamini.“However, after weeks of speculation around the government’s intentions on airport privatization, and after recent leaks suggest privatization is still very much in play, Canadians remain in the dark.More news:  Save the dates! Goway’s Africa Roadshow is back“Our organization has opposed for-profit-privatization of Canada’s airports, not on ideological grounds, but because it would result in higher fees for travellers and airlines.Bergamini argues that “air travel is not a luxury. And yet the Government of Canada continues to treat like it is.”He goes on to say that Canada’s user-pay model “is outdated, non-competitive and it penalizes the very people that air transportation is meant to serve — any increase in the cost of travel resulting from airport privatization would amount to a tax on the middle class.”The base price of a domestic air ticket is the lowest it’s been in six years, he says, “but under our outdated system these savings are not passed on to the consumer because of taxes and fees.“The government’s decision to keep privatization on the table distracts from the real issues and delays needed action to fix Canada’s non-competitive air transport cost structure and policy framework.” Canadian carriers applaud extra money for airport security but want privatization off the table Share Posted by Thursday, March 23, 2017 Travelweek Group << Previous PostNext Post >>last_img read more

READ MORE