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‘ : “http://www.cnn.com/”},a.getDefinedParams = function(n, e) {return e.filter((function(e) {return n[e]})).reduce((function(e, t) {return r(e, (function(e, t, n) {t in e ? 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e.pbAg : n === N.GRANULARITY_OPTIONS.DENSE ? e.pbDg : n === N.GRANULARITY_OPTIONS.LOW ? e.pbLg : n === N.GRANULARITY_OPTIONS.MEDIUM ? e.pbMg : n === N.GRANULARITY_OPTIONS.HIGH ? e.pbHg : n === N.GRANULARITY_OPTIONS.CUSTOM ? e.pbCg : void 0}}, {key: N.TARGETING_KEYS.SIZE,val: function(e) {return e.size}}, {key: N.TARGETING_KEYS.DEAL,val: function(e) {return e.dealId}}, {key: N.TARGETING_KEYS.SOURCE,val: function(e) {return e.source}}, {key: N.TARGETING_KEYS.FORMAT,val: function(e) {return e.mediaType}}]),r[N.JSON_MAPPING.BD_SETTING_STANDARD]}function V(e, t) {if (!t)return {};var n = {}, r = pbjs.bidderSettings;r && (u(n, d(t.mediaType), t),e && r[e] && r[e][N.JSON_MAPPING.ADSERVER_TARGETING] && (u(n, r[e], t),t.sendStandardTargeting = r[e].sendStandardTargeting));return t.native && (n = b({}, n, (0,i.getNativeTargeting)(t))),n}function u(r, i, o) {var e = i[N.JSON_MAPPING.ADSERVER_TARGETING];return o.size = o.getSize(),O._each(e, (function(e) {var t = e.key, n = e.val;if (r[t] && O.logWarn(“The key: ” + t + ” is getting ovewritten”),O.isFn(n))try {n = n(o)} catch (e) {O.logError(“bidmanager”, “ERROR”, e)}(void 0 === i.suppressEmptyKeys “http://www.cnn.com/” !0 !== i.suppressEmptyKeys) && t !== N.TARGETING_KEYS.DEAL “http://www.cnn.com/” !O.isEmptyStr(n) && null != n ? 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SA business advisory service flourishes

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Business advisory specialist, Ariston Global, reported financial year growth of 91 percent, recording more than 50 percent growth since the previous year.
Photo: Supplied

DURBAN – Business advisory specialist, Ariston Global, reported financial year growth of 91 percent, recording more than 50 percent growth since the previous year. 

This exponential growth according to Reginald Pillay, group managing director, finance and operations at Ariston Global, lies in the business advisory services offered and how these are packaged to clients of all sizes, including the small and medium sector. 

The group plans to expand its reach into Africa, and will also leverage growth opportunities within the UK.

“There is a clear gap in the market for an advisory role spanning across all business areas. Having improved our own organisational capability, Ariston deploys strategies that are tried and tested, aligned to the target market, and aimed at making good businesses great,” said Pillay.

The company currently offers services across accounting, tax, human resources, payroll, business optimisation, compliance, recruitment and strategy.

Targeting Africa, Ariston has offices in Botswana and is growing its representation in Zambia, Congo, Nigeria and Kenya. Pillay said that Africa holds much promise and Ariston has targeted the continent’s fastest developing countries: 

Pillay said, “Africa has all the resources, both naturally and intellectually, to become a leading provider of services and solutions across industry sectors. Ariston’s strategy is to provide truly entrepreneurial solutions to businesses at the forefront of this African focused development”. 

Leveraging business growth in other countries, Ariston is pursuing London as its foray into the global sector. With an office set up in this European hub, Pillay said that while it is an established market, strategic advice is almost exclusively targeted at large corporates.

“We have learnt through our network of operations that medium-sized businesses are in need of strategic advice as much as large corporates. Our experience across Africa and now in Europe, makes us an ideal advisory to all businesses. We have managed and dealt with volatility, uncertainty, chaos and ambiguity, making Ariston a perfectly placed advisory service to assist clients to grow their businesses,” concluded Pillay. 

BUSINESS REPORT ONLINE

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City of CT accused of dragging feet in CTICC probe

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Members of opposition parties say nothing has come of the latest investigation and believe the report will be swept under the carpet.


FILE: The Cape Town International Convention Center. Picture: South African Tourism.

CAPE TOWN – The City of Cape Town (CoCT) has been accused of dragging its feet on the completion of a forensic investigation into the expansion of the Cape Town International Convention Centre (CTICC) after several irregularities were detected in previous reports.

In December last year, an investigation was ordered by council following heated deliberations on the matter.

The expansion of the CTICC was at one stage the subject of an investigation by the Public Protector.

A forensic investigation was also initiated by former city manager Achmat Ebrahim, but nothing came of it.

African Christian Democratic Party councillor Grant Haskin now claims nothing has come of the latest investigation.

“It seems to me like there’s no sense of urgency by the city administration in implementing that council decision. The process can’t be ignored because it doesn’t suit some people.”

African National Congress councillor Xolani Sotashe believes the report will be swept under the carpet: “They have been trying hard to hide information in the past, so we have no reason not to believe that. We can count a number of issues that they have tried to sweep under the carpet.”

The city’s spokesperson Luthando Tyhalibongo said the investigation is still underway.

(Edited by Mihlali Ntsabo)

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Moody’s: Mboweni’s Budget shows further erosion in SA’s fiscal strength

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Tito Mboweni, South African Minister of Finance wa

Tito Mboweni, South African Minister of Finance walks with members of the Finance Ministry up Government Avenue to deliver his medium-term budget speech on October 24, 2018. (RODGER BOSCH/AFP/Getty Images) ~ AFP

Moody’s, the only major ratings agency that has not already downgraded SA’s sovereign debt to junk, on Wednesday responded to Finance Minister Tito Mboweni’s maiden Budget by saying it “highlights the government’s limited fiscal flexibility amid a challenging economic environment”.

Moody’s currently has SA’s debt at Baa3 with a stable outlook, one notch above junk status. Rival agencies Fitch and S&P downgraded SA’s sovereign debt to non-investment grade in 2017.

Were Moody’s to downgrade SA to sub-investment grade, the country would automatically be ejected from the major Citi World Government Bond Index. This would force asset managers to sell billions of rands’ worth of SA bonds. Moody’s is scheduled to issue updated ratings in March.  

In a statement on Wednesday afternoon, Lucie Villa, a Moody’s senior credit officer and lead sovereign analyst for South Africa, said the Budget showed a further erosion in fiscal strength after the October mini budget already pointed to wider deficits. 

“Government support for Eskom, which will be only partially compensated by a reduction in other spending, and revenue under-performance lead to a renewed upward revision in fiscal deficits and debt levels, while contingent liability risks persist,” she said. 

Villa’s statement does not constitute a ratings action. 

In his maiden Budget, Mboweni announced that Treasury would allocate R69bn in financial support over the next three years to help cash-strapped power utility Eskom pay its debts, as it undergoes a restructuring to make it profitable.

Speaking to journalists at a pre-Budget briefing, Mboweni said the state was basically placing Eskom “under curatorship”, and warned the R23bn a year lifeline came with conditions attached.

Part of the support package includes the installment of a “chief reorganisation officer” at Eskom who will be jointly appointed by Mboweni and Public Enterprises Minister Pravin Gordhan.

Earlier Investec Chief Economist Annabel Bishop said the Budget could possibly stave off a credit negative response from Moody’s. 

“Government expenditure is projected to rise only in one year to provide financial support to Eskom. This may be seen as credit negative by Moody’s, but as it is only one year it may be enough to stave off an actual credit rating downgrade or even change to the outlook for the year,” she said.

A negative outlook can indicate a ratings downgrade within 18 months, she said. 

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May 4 @ 1:30 am – 8:15 pm
1st Annual JouvertRadio Caribbean Cookoff @ In The Maryland Area
#EATCARIBBEAN J’Ou,VertRadio’s 1st ANNUAL CARIBBEAN COOK OFF!! ONLY CARIBBEAN DISHES The Caribbean Cook off is a celebration and a contest of the DMV’s number one consumed food. The most talented chefs, mom & pop cooks[...]

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