0Shares0000Trophy-holders Esperance of Tunisia became the first qualifiers for the CAF Champions League quarter-finals after a 2-0 home win over Horoya of Guinea in Group B Friday. © AFP / GIUSEPPE CACACEJOHANNESBURG, South Africa, Mar 9 – Trophy-holders Esperance of Tunisia became the first qualifiers for the CAF Champions League quarter-finals after a routine 2-0 home win over Horoya of Guinea in Group B Friday.Malian Hamed Assoko conceded an own-goal midway through the first half to put the three-time African champions ahead at the Stade Olympique in the Tunis suburb of Rades. Esperance needed a second goal to be sure of success and it arrived seven minutes from time through Cameroonian midfield enforcer Franck Kom.Victory for the Tunisian outfit maintained the last unbeaten record in the competition this season and guaranteed they will top the final standings.The disappointment of Horoya was diluted by news from the other end of the continent that Orlando Pirates of South Africa were surprisingly held 2-2 at home by FC Platinum of Zimbabwe.Pirates’ failure to win in Soweto means they must take maximum points from an away fixture against Horoya in Conakry next Saturday to overtake the Guineans and finish second.The top two finishers after six rounds in the four groups advance to the quarter-finals stage of the Champions League, the elite African club competition.Esperance have 11 points after five rounds, Horoya seven, Pirates six and Platinum just two from their first group-phase appearance.Horoya centre-back Assoko has scored four goals in the Champions League this season, but two have been own-goals with his latest misfortune coming in Tunisia.Kom, a midfielder more accustomed to preventing goals than scoring them, netted his first of the campaign to ensure Esperance of a third consecutive two-goal home victory.– Little chance –Given a bye to the group stage because of fixture congestion, the Tunisian club are hoping to become the first club since Al Ahly of Egypt in 2013 to achieve back-to-back titles.A Platinum side without a win in six qualifying and group matches were given little chance of dodging defeat away to Pirates, the 1995 African champions.But after Nelson Tigere missed a penalty, he put the Zimbabwean outfit ahead and Rainsome Pavori doubled the lead before half-time at Orlando Stadium.Platinum retained the two-goal advantage until nine minutes from time when unmarked Thembinkosi Lorch beat goalkeeper Petros Mhari at his near post with a low drive.The goal galvanised the Soweto Buccaneers and Zambian Augustine Mulenga slammed a loose ball into the net on 87 minutes to raise hopes of a dramatic victory.Platinum survived a late onslaught, however, to end a run of three straight losses despite having centre-back defender Kevin Moyo red-carded.Meanwhile, Group C leaders CS Constantine of Algeria surprisingly fell 1-0 at home to Club Africain of Tunisia and surrendered an eight-match unbeaten record.Ismaily of Egypt dropped out of contention for a quarter-finals place after being held 1-1 at home by five-time champions TP Mazembe from the Democratic Republic of Congo.Constantine (10 points), Mazembe (eight) and Africain (seven) are in the running to make the knockout phase with the odds favouring the Algerian and Congolese clubs.0Shares0000(Visited 3 times, 1 visits today)
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The other IDX products trading on the JSE currently include blue-chip companies such as Nokia, LVMH Moet Hennessy Louis Vuitton, BP, Vodafone, GlaxoSmithKline and Apple. Rand hedge While retail investors and corporate entities do not have any exchange control restrictions, institutional investors do have to comply with foreign portfolio regulations. Berkshire Hathaway is a holding company listed on the New York Stock Exchange with headquarters in Omaha, Nebraska, USA. South African investors can now trade one of the world’s most successful investment companies – without using their R2-million foreign allowance – through the listing of a single stock future (SSF) on Warren Buffet’s company Berkshire Hathaway. “This offers investors hassle-free international exposure cost effectively on a trusted trading platform with none of the counter-party risk associated with over-the-counter trading.” 22 July 2009 International derivatives “With this listing the JSE is able to offer South African investors increased opportunities for portfolio diversification through exposure to world class companies,” said Investec equity derivatives head Adam Myers. The company’s core business is insurance, including property and casualty insurance, reinsurance and specialty nonstandard insurance. It also owns a diverse range of businesses, from sweet manufacturers and jewellers to several regional electric and gas utilities. “Like the other international derivatives (IDX) listed on the JSE, the Berkshire Hathaway SSF can be purchased through any JSE-registered broker in the same way one would purchase local derivatives products,” JSE derivatives trading head Allan Thomson said in a statement this week. Contracts are priced and settled in rands – if the rand depreciates, then the local investor will benefit, allowing IDX products to be used as a rand hedge. The JSE will charge an initial margin of R50 000 per Berkshire Hathaway contract, excluding brokerage charges. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material
I recently read an article about what the average person believes to be the average company’s net margin. The number was shocking, and it demonstrates just how little people really understand about business. The average number was 36 percent.The 36 percent was not gross margin, mind you. It was net margin, the money left over after you take out costs of goods sold and operating costs. The actual number is 6 percent, making the estimate off by 600 percent. Wal-mart has a net margin of 2.1 percent. Apple’s net margin is around 21 percent.Wal-mart is an extremely successful company, and they keep a lousy 2 pennies out of every dollar you spend with them—and they give you the lowest price. Apple, on the other hand, has no interest in the lowest price model, and for the business model purity, they keep about 22 pennies out of every dollar you spend with them.If you have a 6 percent net margin, the price concession you make comes off the 6 pennies you keep out of every dollar of revenue you generate. This is true if you have 2 percent margin or a 22 percent margin.If you are asked for a discount, and you no doubt will be, keep in mind that the person asking you to do better on your price has no idea how much you net for providing them the goods or services you supply them. It’s likely that they believe you have much higher margins than you actually yield after paying all the bills.Your belief as to what you should be able to keep is also a decision about the value you believe you create. Apple could, should it decide to, try to operate at 6 percent net margin, lowering the price of their products and capturing greater market share. But that isn’t their business model, it’s not their strategy.If you can net 6 percent you can net 7 percent. You have to be able to defend your right to claim an additional penny of each dollar of revenue. Most people will look at their costs to save the additional penny instead of trying to create enough additional value to be able to command an extra penny.Are you willing to argue for a penny with people who believe you are starting with 36 pennies out of every dollar?
Biju Janata Dal (BJD) candidate Rita Sahu registered an impressive victory in the Bijepur Assembly constituency in western Odisha when results of the bypoll were declared on Thursday. She defeated Sanat Gartia of the Bharatiya Janata Party by a record margin of 97,990 votes.Chief Minister and BJD president Naveen Patnaik, who had campaigned for two days for the bypoll, congratulated Ms. Sahu for her “huge historic win, breaking all records in Odisha’s electoral history”.While Ms. Sahu polled 1,35,957 votes, Mr. Gartia secured 37,967 votes. Congress nominee Dillip Panda put up a dismal performance by bagging only 5,873 votes.CM vacates seatThe bypoll was necessitated after Mr. Patnaik, who contested from two Assembly seats for the first time in the elections held earlier this year, vacated Bijepur and retained Hinjili seat in his home district Ganjam in south Odisha.In fact, Mr. Patnaik was elected from Bijepur by defeating Mr. Gartia by 57,122 votes. He had bagged 1,10,604 votes, while Mr. Gartia had secured 53,482 votes and Congress nominee Ripunath Seth had got 14,344 votes.In the previous bypoll in Bijepur that was held in February 2018 following death of Ms. Sahu’s husband and then Congress MLA Subal Sahu, she had won as a BJD candidate by a margin of over 41,000 votes.The Congress, which had won the Bijepur seat in the three elections held before the February 2018 bypoll, has been gradually losing its vote share in the seat in the last three elections, primarily due to its weak leadership at the State level.Vote share upBut what came as a surprise for many this time was the drastic decrease in the BJP’s vote share within a short span of time. The party’s decline from 53,482 votes in the elections held earlier this year to 37,967 votes in the current bypoll has left many leaders of the party dumbfounded. The bonhomie between the party and the BJD in the aftermath of the general election was said to have been the contributing factor.While the Chief Minister led the BJD’s campaign, the BJP’s effort was led by Union Minister Dharmendra Pradhan, who campaigned for two days. The campaign for the Congress was led by the party’s State unit president Niranjan Patnaik.
Somebody asked Ohio State center Dallas Lauderdale if he was happy with his performance in Friday’s win over California, a game in which the junior blocked seven shots. Before he could answer, junior guard Jon Diebler gave his two cents. “I like having him back there,” Diebler said.It seems clear that this OSU team doesn’t need a lot of points from the center position, with all of the scoring coming from other positions. If his performance Friday was a sign of things to come, Lauderdale is ready to be that dominant defensive presence the Buckeyes need.“Coach [Thad Matta] always tells me to own the paint,” Lauderdale said. “Anything in the paint, offensively and defensively, is mine. I really take that to heart and that’s what I need to do.”Lauderdale said that mentality was not something that came right away. He said he didn’t own the paint as a freshman or for most of his sophomore season. It was not until the end of last year, Lauderdale said, that he really began to understand his role on the team.“We need a post presence to just go hold down the post and open things up for the wings so that they can do what they do,” Lauderdale said. “Owning the paint is going to open things up for the wings. [The other centers and I] can’t just fade into the background.”With Lauderdale returned from a hand injury, the Buckeyes have regained the low post presence that was lacking in his absence. Kyle Madsen and Zisis Sarikopoulos sufficed as temporary replacements, but neither has the defensive prowess of Lauderdale. With Lauderdale back, Diebler said the Buckeyes have confidence in their second line of defense. “If I get blitzed, my man Dallas is back there,” Diebler said. “Just having a guy, a threat back there and knowing that he can not just block shots, but alter shots, it gives you that much more confidence on defense.”Lauderdale’s development as a shot blocker is encouraging, Matta said, and he has adapted an ability to keep the ball in bounds after a block.Last season there were a number of times Lauderdale would block a shot into the second or third row of the stands, and although the thunderous blocks were a sight to see, they allowed the opposition to retain possession. Now, Lauderdale seems to have changed his style. “He had a block against Cal where he blocked the ball back in bounds, which is a huge step,” Matta said. “I actually saw in his eyes, when he saw that he could block it he realized he could deflect it back in bounds. Those are little things that hopefully we continue to expand on.”Lauderdale acknowledged that in the past he might have had a flair for the dramatic. But now, after studying some of the game’s greats, he has become the shot blocker Matta wants him to be. “I pay attention to old school blockers such as Bill Russell, how he always kept it in bounds,” Lauderdale said. “I’ve also been watching Dwight Howard and how he just catches it. Instead of swatting it into the stands I might try and catch one.”
Do Ohio State players realize how impressive their streak of dominance against the “team up north” is? OSU has won eight of nine games against Michigan since coach Jim Tressel took over, including six in a row. Center Mike Brewster said part of the reason for the team’s success against the Maize and Blue is that the players never stop thinking about the game. “The Michigan thing, it’s always on our mind, even since camp, when we have our Maize and Blue period,” Brewster said. “That’s always very important to us.” Also at stake this year is a record-tying sixth consecutive Big Ten championship, which would be No. 35 in OSU football history. Will OSU approach Wisconsin-like rushing numbers against an overmatched Wolverine defense? Last week against Wisconsin, Michigan gave up 357 yards rushing even though the Badgers played without running back John Clay, reigning Big Ten Offensive Player of the Year. At one point, the Badgers ran the ball 28 consecutively against the Wolverines. Expect more of the same on Saturday against the nation’s No. 92 rush defense. Running back Dan “Boom” Herron could extend his streak of 10 straight games with a touchdown and cross the 1,000-yard threshold this season. How long can Denard Robinson keep Michigan in the game? One thing the Wolverines have going for them is quarterback Denard Robinson, their one-man offensive wrecking crew. Last week, Robinson became the first player in NCAA history to pass for 1,500 yards and rush for 1,500 yards in the same season. He leads the Big Ten in rushing and has accounted for 30 total touchdowns this year. Tressel knows his defense faces a tall task in containing the 6-foot, 190-pound sophomore from Deerfield Beach, Fla. “He’s got great quickness. He’s tough and he’s got a live arm,” Tressel said. “He’s hard to get on the ground. He’s just a great player.” Is this Rich Rodriguez’s last trip to Columbus as Michigan’s coach? Michigan athletic director Dave Brandon is running out of reasons to keep Rodriguez, who has a career record of 15-20 and a dreadful 6-17 conference record. He’s winless against OSU and Michigan State, the program’s top two rivals. However, this season has brought small improvement. At 7-4, the Wolverines are bowl-eligible for the first time under Rodriguez. On the other hand, a blowout loss to OSU, coupled with a poor bowl game showing, might be enough for Michigan to move in another direction. What would an OSU win mean for the team’s BCS bowl hopes? Unless Wisconsin falls to Northwestern on Saturday, OSU likely won’t play in the Rose Bowl. Not only did the Badgers beat the Buckeyes, but they also rank ahead of OSU in the BCS standings. Even if OSU was to beat the Wolverines by 80, it probably wouldn’t be enough to jump Wisconsin. However, a win for OSU on Saturday virtually assures the team of another BCS bowl appearance, possibly the Sugar Bowl, making it OSU’s eighth BCS appearance in 10 years under Tressel.
Ohio State redshirt junior goalie Kassidy Sauve (32) sits on the puck after a save in the first period of the game against Minnesota on Jan. 19. Ohio State won 3-2. Credit: Jack Westerheide | Photo EditorThe No. 5 Ohio State women’s hockey team has made history — again.The Buckeyes reached the NCAA tournament for the first time in program history and now have a shot to bring home their first national title with three straight wins. They will face fourth-seeded Boston College (30-4-3, 19-2-3 Hockey East) in the NCAA quarterfinals at 1 p.m. Saturday.After losing 2-0 to Minnesota on Saturday during the WCHA Final Face-Off, the Buckeyes (23-10-4, 14-6-4 WCHA) were named an at-large team an at-large team in the tournament Sunday. Ohio State will compete in the tournament with Clarkson, Mercyhurst, Wisconsin, Minnesota, Colgate, Northeastern and Boston College. Each winner of the quarterfinals will advance to the 2018 Women’s Frozen Four. Should Ohio State win, it would face the winner of top-seeded Clarkson’s matchup against Mercyhurst. Second-seeded Wisconsin will host Minnesota. No. 3 Colgate University hosts Northeastern University. Boston College holds the fourth seed in the tournament and hosts the Buckeyes. Following two straight losing seasons, Ohio State made history this season by claiming the program record for wins in a season and at one point was ranked third in the country, higher than ever before in program history. A win in the NCAA tournament would add another improbable feat to the continued turnaround under second-year head coach Nadine Muzerall, who was named WCHA coach of the year.The Buckeyes will lace up their skates and take the ice at the Conte Forum at 1 p.m. Saturday in Chestnut Hill, Massachusetts.
Ohio State freshman guard Luther Muhammad (1) guards Purdue-Fort Wayne redshirt senior guard John Konchar (55) in the first half of the game between the Buckeyes and the Mastodons. Ohio State won 107-61. Credit: Amal Saeed | Assistant Photo EditorC.J. Jackson has never been known as a three-point shooter. The senior guard averaged just under two makes per game on five attempts, making 37.9 percent of attempts from deep in the 2017-18 season. But he had the hot hand against Purdue Fort Wayne. After connecting on one of four three-point attempts in the first half, Jackson connected on his next three attempts in the second half, leading Ohio State to a 107-59 victory over the Mastodons on Sunday. Jackson recorded a career high 25 points, making eight of 11 attempts from the field, including four of seven from three-point range. Jackson helped Ohio State score 66 points in the second half, shooting 64.3 percent from the field and making 11 of 18 from deep. The senior guard said there was a difference in approach for Ohio State after coming out sluggish in the first half. “We just weren’t making smart decisions defensively and that kind of led to bad offense. We got a couple of silly turnovers like myself in the first half and that kind of slowed us down a little bit, we weren’t making as many shots,” Jackson said. “Then we started being a little bit smarter with the ball, knocking down those same shots that we were taking earlier.” But Duane Washington Jr. began the transition into the Buckeyes’ offensive outburst late in the first half. With Ohio State leading 34-31 with 1:36 to go in the half, the freshman guard came in, hit a three, giving the offense some late life. The Mastodons got the ball back and immediately turned the ball over after a traveling call. Washington got the ball back. With a hot hand the freshman, from the top of the key, sunk another three, immediately turning around, shooting an imaginary bow and arrow into the stands after helping Ohio State to a 41-34 halftime lead. “Without Duane’s two threes there late in the first half, it’s a tie game, probably, or right there, it’s a one-possession game,” Holtmann said. “His two threes were really critical for us in that stretch. Just kind of broke open, gave us a little bit of life.” Washington finished the game with 20 points, making six of nine shots from three. In the first half, the Buckeyes shot 57.1 percent from the field, making four of 10 from deep and five of eight from the free throw line. With the offensive success, the primary focus for head coach Chris Holtmann’s team stayed the same. The Buckeyes limited Purdue Fort Wayne to shoot 37.2 percent from the field in the first half, making six of 17 attempts from three. Size brought the Mastodons to within striking distance at the end of the first half. Purdue Fort Wayne out-rebounded Ohio State 20-18, but recorded seven offensive boards compared to the Buckeyes’ one, scoring seven second chance points in the first half. Overall, the Buckeyes recorded 39 rebounds to Purdue Fort Wayne’s 30, but Holtmann still said, with the amount of opportunities missed in the paint, it needs to be viewed as a priority. “I thought we got beat to a lot of loose balls, a lot of long rebounds and, again, I have to obviously do a better job of making that a priority for us because we got beat too many times, we really did,” Holtmann said. The defense that Ohio State showed against Cincinnati came back in a big way against the Mastodons in the second half, as Purdue Fort Wayne recorded 27 points, shooting 30 percent from the field Ohio State freshman guard Luther Muhammad took advantage of the lack of success from the Mastodons, hitting a three and igniting a 19-2 run for the Buckeyes, extending their lead to 30 with 8:22 left in the game. The Buckeyes made 15 of 28 three-point attempts against the Mastodons on Sunday. Holtmann said 28 attempts is a very high number, but said he knows his team will shoot more than it did last year. Jackson said this was a showcase of what the Ohio State offense could be in future games this year. “We know we can shoot,” Jackson said. “We shot the ball very well, especially in the second half and so we just have to look to build off of that and prepare for Creighton Thursday.” Spreading the ball around was a focus for the Buckeyes, recording the same amount of assists 14 minutes into the game than the seven assists recorded against Cincinnati in the season opener. Ohio State recorded 21 assists, with Jackson leading the team with five.In his first collegiate minutes, freshman forward Jaedon LeDee scored 16 points, making 12 of 14 attempts from the free throw line. After the game, Purdue Fort Wayne head coach Jon Coffman was very impressed with the play of the Ohio State defense, sensing a cohesion within the unit that he said will lead to a lot of success. “Well, you guys are going to enjoy some good basketball this year,” Coffman said “You play that kind of defense, and I know it’s only a couple of games in, you are going to have a lot of success.” Ohio State travels to Omaha, Nebraska to take on Creighton on Thursday at 7 p.m.