Delta Corporation Limited (DLTA.zw) 2014 Annual Report

first_imgDelta Corporation Limited (DLTA.zw) listed on the Zimbabwe Stock Exchange under the Beverages sector has released it’s 2014 annual report.For more information about Delta Corporation Limited (DLTA.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Delta Corporation Limited (DLTA.zw) company page on AfricanFinancials.Document: Delta Corporation Limited (DLTA.zw)  2014 annual report.Company ProfileDelta Corporation Limited manufacturers and markets international and locally-produced beverages in Zimbabwe. It operates in four segments: non-alcoholic beverages, sparkling beverages, lager beers and traditional beers. Brands in its non-alcoholic range are a flavoured maize drink called Shumba Maheu, and a flavoured drinking yoghurt called Supersip Yogurt. The sparkling beverages division operates two bottling plants and one canning plant; bottling and distributing popular cool drink brands sold worldwide by the Coca-Cola Company, a range of drink mixes and an energy drink called Burn. The lager beer division operates two breweries; bottling and distributing international brands such as Castle Lite, Miller’s, Peroni, Redds, Brutal Fruit and Sarita. Delta Corporation Limited has a monopoly in the traditional beer market in Zimbabwe with 14 breweries located across the country; brewing and distributing a well-known sorghum beer brand called Chibuku. Other subsidiaries have interests in transport and logistics, barley and sorghum malting, food processing, packaging, retailing wines and spirits, recycling, tin can production and leadership training. Delta Corporation Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Read More »

TCU uses legal ‘blocker corporations’ to strengthen endowment

first_imgFacebook ReddIt Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Linkedin Twitter TAGSblocker corporationsendowmenttaxes Twitter World Oceans Day shines spotlight on marine plastic pollution FrogFest and Pep rally will both take place in the Campus Commons. Previous articleExpectations are clear for men’s basketball: NCAA Tournament or bustNext articleBoard of Trustees establishes tuition hike, construction plans, enrollment increase Elizabeth Campbell RELATED ARTICLESMORE FROM AUTHOR Welcome TCU Class of 2025 Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ Facebook Elizabeth Campbell is executive editor of TCU 360 and a senior journalism and political science double major. When not in the newsroom, she’s thinking about the news while probably watching TCU football or being a history nerd. Send her a tip if you have a story to share!center_img Linkedin TCU places second in the National Student Advertising Competition, the highest in school history WATCH: Former Chief of Staff for Obama talks Trump administration, Democrats, liberal arts education Breakdown: Cambridge Analytica, information warfare Elizabeth Campbell Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ + posts Alumna joins ‘Survivor’ reality show in quest for a million dollars ReddIt Elizabeth Campbellhttps://www.tcu360.com/author/elizabeth-campbell/ CRES negotiates move to interdisciplinary unit amid student resistance printA TCU investment strategy drew scrutiny this week as an international investigation into offshore investments examined how TCU and other university’s use “blocker corporations” to legally avoid having to pay some U.S. business taxes.TCU’s endowment is about $1.5 billion, or an asset ratio of $144,000 per student. Jim Hille, TCU’s chief investment officer, said he is “charged with maximizing the return on the university’s investment” and that can include the use of blocker corporations, which are subject to U.S. tax laws.“We have used tax blockers when they have made sense from a total return perspective,” Hille said. “This is a longstanding and acceptable practice for tax-free institutional investors, like TCU, especially pensions and larger endowments. Asset managers that utilize debt in their strategies more often than not offer offshore blockers as an option for tax-free investors.”Hille said he didn’t have the precise amount of how much money had been earned through the use of the blocker corporations, but, “we estimate there would have been tens of millions more of unrelated business income that would then be taxed.”Universities across the country have invested in private equity and hedge funds to strengthen their endowments.  However, when private equity and hedge funds frequently borrow money, they are susceptible to taxes, which can cut into the money the universities earn.Samuel Brunson, a law professor at Loyola University Chicago who has studied endowment taxation, explained the idea as: if TCU puts money in a U.S. hedge fund, the hedge fund then borrows money and invests the total sum of money, TCU will have to pay taxes on a portion of its return representative of how much of the money was borrowed. Put another way, if TCU provides 25 percent of the money, and the other 75 percent is borrowed, TCU will have to pay taxes on 75 percent of the dividend.“TCU can get out of that by investing in blocker corporation,” Brunson said. A blocker cooperation is a non-U.S. corporation usually set up in a tax haven area offshore, frequently the Cayman Islands or the British Virgin Islands, where the corporate tax rate is low or nonexistent. This allows investors to put money in a hedge fund or get a stake private equity without having to pay taxes on the returns.Brunson said the use of these blocker corporations is a frequent occurrence.“Most tax people don’t see anything offensive about that,” Brunson said. “It’s such common practice, we wouldn’t have ever thought twice about it.”Hille added that TCU’s non-profit status was never in danger because of their use of these tax blockers.“Using blocker corporations is a longstanding and acceptable investment strategy supported by current tax law,” Hille said. “If that status were to change, TCU would no longer invest in them.”However, Bunson doesn’t think that Congress will be outlawing the use of blocker corporations any time soon.“They are not terribly interesting to Congress or to most normal people who aren’t tax people,” Brunson said. TCU has no current plan to lobby Congress in order to keep blocker corporations legal, Hille said.“Though losing that particular investment option would make things more challenging for the university, and a reduction in our after-tax rate of return could mean a reduced payout to support our mission, we could adjust,” Hille said.As for where this money goes, Hille referred to the TCU mission statement.“Funds from the endowment are used to support TCU’s mission to educate individuals to think and act as ethical leaders and responsible citizens in the global community,” Hille said. “Endowment funds are used for scholarships to help defray tuition costs, for endowed professorships and for academic programs.”last_img read more

Read More »

No Pasadenans Have Died From COVID-19 So Far This Week, As the Number of Those Infected Hits 900

first_imgCommunity News No Pasadenans Have Died From COVID-19 So Far This Week, As the Number of Those Infected Hits 900 17 new cases confirmed by city’s health department By DONOVAN MCCRAY Published on Wednesday, May 27, 2020 | 2:59 pm Name (required)  Mail (required) (not be published)  Website  Community News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Subscribe 10 recommended0 commentsShareShareTweetSharePin it Your email address will not be published. Required fields are marked * Make a comment CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Top of the News center_img City officials confirmed 17 more local COVID-19 cases and no deaths on Wednesday.Based on the new numbers, the city totals increased cases to 900 cases and the death toll remains at 82.Gov. Newsom has issues several guidelines this allowing for the reopening of hair and nail salons outside of LA County and church and retail stores.So far there have been no guidelines issued for the reopening of restaurants.On Wednesday, the Pasadena’s Health Officer this morning issued an official city order which says in-store retail sales and in-person religious services can resume, and offices can reopen, more than two months after safer-at-home orders were issued because of the COVID-19 pandemic.The order from Dr. Ying-Ying Goh does not include personal services such as hair salons, nail salons and barbershops.People are still encouraged to “remain in their residences as much as practicable, to limit close contact with others outside their households in both indoor and outdoor spaces,” Dr. Goh’s order read. “All persons who can telework or work from home should continue to do so as much as possible during this pandemic.”Businesses, offices and houses of worship that want to reopen must have health and safety protocols in place that allow for social distancing. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News STAFF REPORT First Heatwave Expected Next Week Business News Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy HerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeautyFollow This Summer Most Popular Celeb Beauty TrendHerbeautyHerbeautyHerbeautyThese Are 15 Great Style Tips From Asian WomenHerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeautyHerbeautyWeird Types Of Massage Not Everyone Dares To TryHerbeautyHerbeautyHerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeauty More Cool Stufflast_img read more

Read More »

Human Rights Commission Cannot Decide Disputes Arising Out Of Exercise Of Statutory Powers And Duties: Kerala HC [Read Judgment]

first_imgNews UpdatesHuman Rights Commission Cannot Decide Disputes Arising Out Of Exercise Of Statutory Powers And Duties: Kerala HC [Read Judgment] LIVELAW NEWS NETWORK7 Jun 2020 11:53 PMShare This – x”The very nature and power of the Human Rights Commission is recommendatory, when it is called upon to decide the rights of the individual which otherwise available to him collectively.”The Human Rights Commission cannot decide any dispute which arises out of an exercise of statutory powers and duties, the Kerala High Court has observed. The Court was considering a writ petition filed by Kerala State Electricity Board challenging an order of State Human Rights commission directing it to remove four stay wires from the property of the complainant. The Commission has…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Human Rights Commission cannot decide any dispute which arises out of an exercise of statutory powers and duties, the Kerala High Court has observed. The Court was considering a writ petition filed by Kerala State Electricity Board challenging an order of State Human Rights commission directing it to remove four stay wires from the property of the complainant. The Commission has passed such an order in a complaint filed by One M.N.Swaminathan, who had alleged that four stay wires were laid in his property for an electric post without his consent and knowledge. While holding that this order was passed without jurisdiction, Justice A. Muhamed Mustaque observed: “The Human Rights Commission cannot decide any dispute which arises out of an exercise of statutory powers and duties. The very nature and power of the Human Rights Commission is recommendatory, when it is called upon to decide the rights of the individual which otherwise available to him collectively. Individual may have many rights. All rights are connected to human also. The fundamental difference between human rights and other rights is simple. The former refers to a group right which one could claim being the member of that group. The identity of the group is the paramount consideration. Rest of the rights are either referable to the individual derived to him naturally, or under law or as a right under the Constitution. Without differentiating these rights, the Human Rights Commission could not have embarked upon deciding the matter.  “Case detailsCase no.: WP(C).No.30871 OF 2013(Case name: EXECUTIVE ENGINEER, KERALA STATE ELECTRICITY BOARD,  M.N.SWAMINATHANCoram: Justice A. Muhamed MustaqueCounsel: Advocates K.M.SATHYANATHA MENON, N.VIMALAN and .K.ANANDClick here to Read/Download JudgmentRead JudgmentNext Storylast_img read more

Read More »

Rashtravadi Janata Party Moves SC Seeking Postponement Of Bihar Polls Citing Floods, COVID-19

first_imgTop StoriesRashtravadi Janata Party Moves SC Seeking Postponement Of Bihar Polls Citing Floods, COVID-19 Sanya Talwar7 Sep 2020 9:00 AMShare This – xThe Rashtravadi Janata Party has filed a petition before the Supreme Court seeking issuance of directions to postpone the Bihar Legislative Assembly Election, scheduled for the month of October-November.The plea has sought postponement of the Bihar Legislative Assembly elections in light of the rising covid cases in the country. It has also highlighted that the State is undergoing a…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Rashtravadi Janata Party has filed a petition before the Supreme Court seeking issuance of directions to postpone the Bihar Legislative Assembly Election, scheduled for the month of October-November.The plea has sought postponement of the Bihar Legislative Assembly elections in light of the rising covid cases in the country. It has also highlighted that the State is undergoing  a “flood situation” and it would be “better for the safety of the people of India to hold the said election sometime in the month of March, 2021 when the situation in the State is somewhat normalised so that the citizen can participate and cast their votes safely and without there being any threat of either of prevailing Corona Virus (Covid19 ) pandemic or the flood etc.”The plea also stipulates that the petitioner had put forth a representation on June 20th the Chief Election Commissioner, Election Commission of India but till date, no decision on the said representation had been taken by the EC.The National President of Rashtravadi Janata Party stipulates that under these extraordinary circumstances, the Government should not take such a risk of giving them the burden of casting their votes in this dire situation.”That it is submitted that currently most of the countries in the entire world are suffering from Corona Virus (Covid-19) Pandemic and India has almost become the epic centre of the said pandemic. India is a developing country and has a vast population and taking into consideration the vast population and the medical facilities in our country in comparison to the developed countries like USA and other European Countries, there is every likelihood that this pandemic will go on further and consequently the life of the peoples of India is in danger,” the plea states.On August 28, the top court dismissed two pleas seeking a direction to the Chief Election Commissioner for the postponement of the impending Bihar Assembly Elections on account of the COVID-19 pandemic and the State being ravaged due to floods.A bench comprising Justices Ashok Bhushan, R. Subhash Reddy and MR Shah had heard the matter and observed that the plea was premature as the Election Commission of India had yet to issue a notification announcing the declaration of the elections in the State.The Petitioner argued before the Court that the Representation of People Act, 1951 allowed for elections to be deferred due to extraordinary situations. He further submitted, “Election was not paramount; human life is paramount. Even MLAs are dying and people are suffering.”However, the bench was not inclined to allow the plea and informed the Counsel that such orders could not be passed, and that it was for the ECI to decide.Justice Bhushan had stated that the plea was “misconceived” and could not be allowed under Article 32 of the Constitution as the election was yet to be declared, and therefore, the Petitioners could not cite the pandemic as the reason to seek for the postponement of the elections.”COVID is not a ground for postponement of elections. This court cannot tell CEC what to do. It will consider everything”, Justice Bhushan remarked.Next Storylast_img read more

Read More »

Irish Water investing €44 million in Letterkenny Regional Water Supply Scheme

first_img DL Debate – 24/05/21 Harps come back to win in Waterford WhatsApp Facebook Twitter Homepage BannerNews Pinterest Irish Water investing €44 million in Letterkenny Regional Water Supply Scheme Facebook Important message for people attending LUH’s INR clinic Previous articleProtest planned in Letterkenny against Post Office closuresNext articleChristmas shoppers urged to shop local News Highland Works are due to commence in the coming weeks on a number of new projects by Irish Water as part of a €44 million investment in the Letterkenny Regional Water Supply Scheme.Two contracts are already underway with with the remaining two to begin shortly.The construction of a new water treatment plant at Goldrum and the rehabilitation of water mains as part of the N56 Coolboy to Kilmacrennan road realignment projects are already underway as part of the essential upgrading of Letterkenny’s Regional Water Supply Scheme, with two more projects to begin in coming weeks.It’s part of a €44 Million overall spend by Irish water to upgrade the system and supply a safe and secure water supply to the town and it’s surrounding areas.One of the contracts signed will see 19km of new interconnecting water mains between the Letterkenny, Pollan, Cranford, Milford and Rathmullan supplies.Works are due to commence in the coming weeks and are expected to be completed by 2021.center_img Twitter WhatsApp Journey home will be easier – Paul Hegarty RELATED ARTICLESMORE FROM AUTHOR Google+ Pinterest Google+ News, Sport and Obituaries on Monday May 24th By News Highland – December 1, 2018 Arranmore progress and potential flagged as population growslast_img read more

Read More »

Winter weather continues for Midwest, Northeast as West Coast braces for mudslides

first_imgABCNews.com(NEW YORK) — Winter weather is expected to continue this weekend for much of the Midwest and Northeast, as severe storms threaten the Southeast. A storm is bringing snow Friday morning to the eastern Great Lakes and Northeast, including major cities such as Detroit, Philadelphia, New York and Boston. Accumulation may occur in western New York and parts of Pennsylvania and New England.Further west and south, a second storm is moving through the Southern Plains and producing thunderstorms. Friday afternoon and evening, severe storms are expected in the Deep South, from Dallas to Jackson, Mississippi, bringing with them damaging winds, hail and possibly tornadoes.Rain and snow will continue inland in the Northeast Friday afternoon and evening, although major cities along Interstate 95 aren’t expecting any accumulation. Snow may develop from Kentucky into West Virginia Friday evening. The southern low will miss the Northeast, meaning not a lot of snow is forecast for most major cities from Washington to Boston. Parts of Virginia will see 1-3 inches of snow.Severe storms will continue to threaten the Southeast, from Florida to the Carolinas. Damaging winds, hail and tornadoes are possible. Kentucky into the southern mid-Atlantic may see 1-3 inches of snow. Behind this system, some of the coldest air ever recorded this late in the season will descend into the Midwest on Saturday morning, spilling south and east into Sunday. Wind chills as far south as Atlanta will be freezing. Meanwhile, a major atmospheric river is bearing down on the West Coast.Central and Northern California are under flood watches, with wind warnings stretching from Nevada to Washington state. Rain already is falling Friday morning along the West Coast as this plume of tropical moisture extends east from Hawaii.The heaviest rains are expected Friday night and into Saturday morning for much of California, which could see more mudslides and flooding. The state’s coastal mountains are looking at as much as half a foot of rain.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Read More »

This year may be nice but it won’t be easy

first_imgThis year may be nice but it won’t be easyOn 20 Jan 2004 in Personnel Today Comments are closed. Previous Article Next Article Related posts:No related photos. As Mervyn King, the Governor of the Bank of England, puts it, the UK economyhas turned in a “nice” performance in recent years – non-inflationaryand consistently expanding. Will the nice times continue in 2004? The CIPD viewis yes, though the practical challenge facing HR professionals is set to begreater than ever. UK manufacturing will return to health as conditions start to improve in theworld economy, with a continued high rate of government spending providingfurther impetus to public investment. Consumer spending, by contrast, will bemore muted than of late, curbed by higher interest rates as the monetary policycommittee acts to maintain economic stability against a background of mountingrecovery. Given this growth pattern, around 250,000 extra jobs will be created, withmore people employed in business services and the public sector and morebecoming self-employed. But the number of manufacturing jobs is unlikely torise, and might even continue to fall as organisations restructure to improveproductivity and per- formance. And subdued consumer spending will constrainjob creation in consumer services sectors. A potential drag on employment growth in the coming year will be thetightness of the labour market. Payroll costs will rise unless organisationsmanage to tap into under-used sources of labour – immigrants as well as joblesspeople – or raise productivity by increasing the hours worked by existing staffand/or getting more from each hour worked by improving skills or theeffectiveness of people management. None of these options offers a straightforward choice. Increasing hours ofwork, for example, conflicts with employees’ desire for a better work-lifebalance. Tapping into unused sources of labour may depend on the effectivenessof government initiatives to encourage jobless people to search for work andimprove their employability. Organisations seeking to employ more people fromabroad will have to operate within current immigration restrictions. And thoseseeking to improve the performance of their workforce may have to invest inskills development and engage in reorganisation. This may be difficult toachieve quickly in the context of weak business investment in the past twoyears – as well as having to ensure compliance with an increasing burden of redtape. The more organisations manage to respond to cost pressures by raisingproductivity, the less employment will rise as the economy expands. Whateverthe response, a tight labour market in 2004 will provide an added impetus fororganisations to raise their game in recruitment and retention, training anddevelopment, and reward and people management in general. The coming year mightcontinue to be “nice” but it will be far from easy for HR. By John Philpott, Chief economist at the Chartered Institute of Personneland Developmentlast_img read more

Read More »

Observations on the distribution and relative abundance of the scyphomedusan Chrysaora hysoscella (Linne, 1766) and the hydrozoan Aequorea aequorea (Forskal, 1775) in the northern Benguela ecosystem

first_imgObservations on the abundance of medusae at the surface were conducted in the northern Benguela ecosystem, over the period August 1997–June 1998. The results suggest that Chrysaora hysoscella is found inshore, whereas Aequorea aequorea tends to be found offshore. Although these relative observations are subject to bias caused by seasonal changes in the survey area, they are generally supported by the results of correlation analyses, and by the results of a more quantitative, cross-shelf trawl survey. Both species of medusae display marked patchiness, and can be very abundant. They appear to have mostly non-overlapping patterns of distribution in the upper layers of the water column, and so are able exert a consistent predation pressure across the width of the continental shelf. The estimates of biomass obtained are used as input variables to existing models of energy flow within the ecosystem.last_img read more

Read More »

Fairbanks Morse engines to power future USS John L. Canley

first_imgUS-based engine manufacturer Fairbanks Morse recently delivered four FM 6L48/60CR engines to General Dynamics NASSCO in San Diego for Military Sealift Command on the USS John L. Canley (ESB 6). Common rail technology uses a high-pressure header, high-pressure pumps, electronically controlled fuel delivery, electronic governing system and an advanced control system to deliver precise amounts of fuel throughout all engine operations. This results in improved performance, increased fuel efficiency and lower emissions. Categories: View post tag: ESB General Dynamics NASSCO started construction on ESB 6 in June 2020 and is also contracted to build ESB 7. “We are proud to once again deliver American-made power and propulsion systems that support critical operations for the U.S. Navy’s global missions,” George Whittier, Fairbanks Morse CEO, commented. According to Fairbanks Morse, the engines will reduce operational costs through fuel efficiency, improved performance and lower emissions. View post tag: US Navy “Our common rail technology solution … will generate significant cost savings for the U.S. Navy over the operational lifetime of the engines.” Related Article Posted: 5 months ago Posted: 5 months ago US Navy’s 6th ESB newbuild to be named USS John L. Canley View post tag: Fairbanks Morsecenter_img In November, the US Navy revealed the name of the ESB 6. The newbuild will honor Medal of Honor Recipient Marine Corps Sergeant Major (Retired) John L. Canley. Photo: GD NASSCO Fairbanks Morse plans to begin construction on engines for ESB 7 later this year. View post tag: NASSCO Vessels View post tag: ESB 6 The future USS John L. Canley The ship is the sixth in the US Navy’s Military Sealift Command expeditionary transfer dock (ESD)/expeditionary sea base (ESB) program and is designed to serve as a mobile sea base that provides access to critical infrastructure for the deployment of forces and supplies. Specifically, the four FM 6L48/60CR engines are rated at 6,480 kW and will deliver a total of 25,920 kW of installed power. The engines utilize common rail technology to deliver high fuel efficiency throughout the ships’ operational conditions. View post tag: USS John L. Canley ESB class ships are used for a wide range of military operations and may support multiple operational phases. Among these are air mine counter measures (AMCM), counter-piracy operations, maritime security operations, humanitarian aid and disaster relief missions and U.S. Marine Corps crisis response. Share this articlelast_img read more

Read More »