first_imgTom Bonner from Ballybofey won a car worth €30,000 on the Car or Cash segment of the Winning Streak Game Show on Saturday.Pictured at the presentation of winning cheques were, from left to right: Sinead Kennedy, game show co-host; Tom Bonner the winning player; Eddie Banville, Head of Marketing at the National Lottery and Marty Whelan, game show co-host. Pic: Mac Innes PhotographyDONEGAL MAN WINS €30,000 CAR ON WINNING STREAK was last modified: September 1st, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:00030BallybofeycarWinning Streaklast_img read more

Land reform: progress, challenges

first_imgBetween 1994 and 2011, South Africa transferred over 6.8-million hectares of land to people dispossessed under apartheid, according to a government mid-term review report released in Pretoria last week.In November 2010, a recapitalisation programme aimed at increasing food production and job creation through the commercialisation of small farmers was introduced. (Image: CIF Action)Brand South Africa reporterThis 6.8-million hectares represents 27% of the government’s target of transferring 24.5-million hectares by 2014.The report, released by Minister in the Presidency for Performance Monitoring and Evaluation Collins Chabane in Pretoria on Friday, reviews the progress made by the current administration at the November 2011 mid-point of its 2009-14 electoral term.It indicates that from 2009 to December 2011, about 823 300 hectares of land were acquired and allocated to 20 290 beneficiaries, an improvement over previous years that “indicates that our systems are improving”.In addition, 76 368 land claims relating to 2.9-million hectares of land under the Land Restitution Programme were settled. A total of 712 of these claims, for 292 995 hectares, were settled between 2009 and December 2011, against a target of 1 845 claims for the period.Realities around the land issueHowever, the report also points to some of the realities associated with the complex land issue in South Africa.“The process of acquiring and distributing a particular piece of land is often lengthy, and this escalates the cost of redistribution because the former owner stops investing in the land,” the report states. “Many of the farms are therefore in a poor state of repair at the point of acquisition.”In addition, the report finds, there is often a decline in productivity on redistributed farms.This led to the adoption, in November 2010, of a recapitalisation programme aimed at increasing food production and job creation through the commercialisation of small farmers.By December 2011, 595 farms were in the process of being rehabilitated. However, the report notes, the focus of rehabilitation has been on rebuilding infrastructure, and there is a risk that, without adequate farmer support and development, the farms could again decline in future.Also, some of the beneficiaries have indicated that the policy of allocating land to them on a 99-year leasehold basis is an impediment to investment in the land, and that they would prefer to be given full ownership.“However, this could result in beneficiaries selling the land,” the report says. “There is a need for this challenge to be investigated further to ascertain the degree to which it is limiting the success of the transferred farms.”Better post-settlement support neededInadequate post-settlement support and lack of suitable markets mean that few land reform beneficiaries are progressing into sustainable farming enterprises. Less than one in 20 land reform beneficiaries have benefited from either Comprehensive Agricultural Support Programme (CASP) grants or Micro-Agricultural Finance Institutions of South Africa (Mafisa) loans.Officials also note that 11 000 new smallholder farmers have been established since 2009, out of a target of 50 000.Although support has been provided to both new and long-established farmers through programmes such as CASP, Letsema, the Recapitalisation and Development Programme and Mafisa, only a marginal number of 5 381 smallholders are involved in agribusinesses and a mere 3 910 are linked to markets.“To achieve success, smallholder farmers require a comprehensive agribusiness support package, including favourable commodity pricing, access to finance, provision of technical expertise/mentorship and contracted markets,” the report states.“However, no convincing support package is yet in place; government initiatives tend to cause dependency, and the sector is struggling. Government should consider providing better incentives for commercial farmers who are willing and capable of mentoring smallholder farmers.“More support is needed for farms in distress and additional incentives are needed for interventions to strengthen [existing] services and to encourage the adoption of new production and processing models that also conserve natural resources.”Support for new small farmers can include funding for equipment. (Image: Paul Saad)Investment in agriculture and agro-processing is central to food security in South Africa, as farmers’ incomes and agricultural job creation are highly dependent on global economic conditions and global markets, the report notes.This, combined with challenges such as climate change and uncertainty around land reform, has resulted in a decrease in the number of commercial farmers, a decrease in total production levels, a higher volume of food imports and higher food prices.The report suggests that this has discouraged new entrants into the sector, which in turn is prejudicing its contribution to job creation.Would you like to use this article in your publication or on your website? See Using Brand South Africa material.last_img read more

Prabhakar sets high goals for Delhi in Ranji

first_imgDelhi cricket coach Manoj Prabhkar is absolutely clear in his mind about his goals: guide the team to at least three Ranji Trophy finals in the next four years.Manoj PrabhakarFormer Test all-rounder Prabhakar, known for his fighting qualities and confidence, says that even if he is not with the players in future, he wants to raise a fighting team that will give opponents a run for their money for a long time to come. Prabhakar was Delhi’s bowling coach in the 2007-08 season when he had a limited role.Now, for the first time, the Delhi and District Cricket Association (DDCA) has given him a free hand to execute his plans and Prabhakar is gung ho about his task. “My goal is to prepare a team with a solid combination of seniors and juniors that can’t be pushed for the next five years and who play three Ranji finals in the next four years,” he declared on Saturday.”There was a time when playing for Delhi virtually meant that you have 50 per cent chances of playing in the Indian team. I want to restore that belief among the players.” Some players with whom Prabhakar had worked with two years ago are still around. But apart from them, the former Delhi captain says he would also induct a few young guns who can make a big difference.”I will definitely give chance to youngsters. If I get a few good youngsters, I can polish them. I will tell them to aim higher and try to break into the Ranji team, and not just be content with playing in the under-22 or other lower categories,” Prabhakar told MAIL TODAY.advertisement”They would remember me for what they would learn from me. And I will help them even when I am not around in an official capacity.” Many people believe that apart from coach Vijay Dahiya, Prabhakar too played a prominent role in Delhi winning their seventh Ranji Trophy title in 2007-08. But the DDCA did not give another opportunity to Prabhakar in the next two seasons.They have called him now, after Dahiya excused himself for a year, and also appointed former India pacer Sanjeev Sharma as assistant coach. Prabhakar has, however, begun with a handicap. Due to DDCA’s internal problems, his appointment was delayed even though Dahiya had told the association well in advance about his plans.He comes in only a few days before the Syed Mushtaq Ali Twenty20 Tournament, which begins here on Wednesday. “Now, I don’t have time to work separately on each individual,” he points out. A master of reverse swing, 47-year-old Prabhakar is expected to back the pacers in the Ranji Trophy that begins on November 1.”Delhi are playing five of their seven matches at home and we can prepare pitches according to our strength. If we have pacers in good shape and form, we might go for green-top pitches, though it remains to be seen how sporting they would be,” he said. Prabhakar’s other goal this season is to establish a solid bench strength, especially in the absence of Virender Sehwag and Gautam Gambhir, permanent members of the national side.”If Virat Kohli and Shikhar Dhawan are available, it’ll be good as they will form the core of the team. We also have some bright youngsters like batsman Unmukt Chand, leg-spinner Vikas Mishra, and left-arm pacer Pawan Suyal. Even if they sit out, they would learn something from their seniors,” he pointed out.”During longer durations matches and once the team is set, I can work on the players and only then will we know where Delhi stands.” DDCA has announced only a 15-mmeber squad for the Mushtaq Ali Trophy, but those who are expected to replace some of them for the Ranji Trophy, like Mayank Tehlan, Parvinder Awana, are also attending the nets at the Ferozeshah Kotla.”I have got the team I wanted, though I hadn’t seen some of the players as I was away for two seasons. But the youngsters and I have already broken ice, and they can come and ask me anything. The atmosphere at the Kotla is good and people at DDCA are supporting me.”last_img read more

IPL Season 4 set to be bigger than ever with booming ad revenues

first_imgShipla Shetty has a stake in Rajasthan RoyalsRajasthan Royals, winners of Season 1 didn’t know until four months before Indian Premier League (IPL) Season 4 whether they would be playing. They’ve added sponsors this year, their tally swelling to 18. Last year’s runners-up, Mumbai Indians, have similarly added four big-ticket,Shipla Shetty has a stake in Rajasthan RoyalsRajasthan Royals, winners of Season 1 didn’t know until four months before Indian Premier League (IPL) Season 4 whether they would be playing. They’ve added sponsors this year, their tally swelling to 18. Last year’s runners-up, Mumbai Indians, have similarly added four big-ticket sponsors, ensuring their profits outstrip last year’s Rs 7 crore. Even newbie Pune Warriors, owned by Subroto Roy Sahara, the most expensive team in IPL at a cost of $373 million, has managed to put together an A-list of 15 sponsors with TVS as the lead sponsor.Mumbai Indians’ Nita Ambani with son AnantWelcome to the Indian Paisa League. There are more matches (74 compared to 60 last year), higher TRPS (7.14 compared to 5.9 last year for the opening game) and even higher tv revenue (an expected Rs 1,000 crore compared to Rs 700 crore last year.) Everyone is a winner. Even the losers. Despite an average performance, Kings XI Punjab made an operating profit of Rs 29 crore in 2010, while the down-at-heel Kolkata Knight Riders made Rs 5.6 crore in 2010. Shah Rukh Khan co-owns Kolkata Knight RidersBarely a week after a 45-day energy sapping International Cricket Council (ICC) World Cup, IPL 4 underlines that the cricket economy is alive and well. Almost everything, from the scorecard to the sight screens, is up for sale. If ESPN-Star Sports has made close to Rs 940 crore from the just- concluded ICC World Cup (it spent $2 billion on the 10-year icc broadcasting rights), showing once again that if India wins, advertisers, sponsors, broadcasters and marketers go home with big grins, IPL’s official broadcaster, SET MAX has raised the spot ad rates to a record level. A 10-second ad-spot on the channel during the league stages will cost Rs 8.5 lakh-nearly double what it cost last season. “Ad slot rates have gone up by over 25 per cent. We are yet to decide the packages for the semi-final,” said Rohit Gupta, president, Multi Screen Media, the company that runs SET MAX. According to media buyers, the channel has still kept around 20 per cent of unsold inventory where the rates can cross the Rs 11 lakh mark for 10 seconds in the final.advertisementClick here to EnlargeCelebrities, cheerleaders, cricket. It’s a heady cocktail of sports. New revenue streams opened up by Lalit Modi last year have added ballast to the bottomline-IPL’s two-year deal with Google for live telecast of the event on YouTube for $7 million, a blimp sponsorship with MRF for Rs 15 crore for 24 matches, strategic timeouts sponsored by Maxx Mobile for a year for Rs 17-20 crore and theatrical rights sold for Rs 330 crore-a whole new world of opportunity was unlocked. How many of them come a cropper in the post-Modi dispensation will be known as the new season unfolds.From a purely Return on Investment (RoI) perspective, the enterprise values of each of the original eight IPL teams has more than trebled. The winning bid price for the two new IPL teams, Pune Warriors and Kochi Tuskers, was $373 million and $333 million respectively. Compare this with $111 million, the winning price for Mumbai Indians, the costliest team in 2007. Now here is how it works to the detriment of the new teams. Rajasthan Royals, which bid the lowest at $67 million, has to pay a franchise fee of $6.7 million per year while Pune Warriors and Kochi Tuskers have to pay $37.3 million and $33.3 million respectively annually. In order to make profits, the entry cost has to be minimum and revenues maximum.Click here to EnlargeResearch by IIFL, an equity broking and consulting firm, points out that the most profitable franchises will earn Rs 108 crore, spend Rs 65 crore, thus making a profit of Rs 43 crore while the least profitable will earn Rs 114 crore and spend Rs 95 crore, making a profit of Rs 18 crore. For the most profitable franchise, central broadcasting revenues will be Rs 67.5 crore, central sponsorship revenues will be Rs 10.8 crore, team sponsorship will be Rs 15 crore, gate receipts Rs 10 crore, in stadia advertising Rs 2.5 crore, merchandise sales Rs 2 crore, and prize money Rs 1 crore. The costs will vary dramatically as the ones coughing up large franchise fees will take the biggest hit. Ditto for players’ salaries. Other heads like stadium fee (Rs 50 lakh for every match), travel and stay cost, and team promotions are more or less the same for all the franchises.The real big change is the big number-central broadcasting and central sponsorship on the revenue side. The eight original franchises will now have to share this with two new entrants. Will powerful franchise owners such as Mukesh Ambani, Vijay Mallya, Shah Rukh Khan and even N. Srinivasan, who is also secretary of the Board of Control for Cricket in India, let their share of the central pool of Rs 67.5 crore plus Rs 10.8 crore remain the same? The IPL also continues to be a significant contributor to the bottomline for the listed companies-as much as 5 to 10 per cent of profits for GMR, United Spirits, India Cements and Deccan Chronicle.advertisementClick here to EnlargeLast year’s controversies, have, however, eroded the brand value of IPL by $460 million from $4.13 billion in 2010 to $3.67 billion in 2011, according to a Brand Finance report. According to Brand Finance, the brand value of Mumbai Indians is $57.13 million, followed by Chennai Super Kings with $55.37 million. The Vijay Mallya-owned franchise Royal Challengers Bangalore, is at third position with a brand value of $47.58 million. Shah Rukh Khan-owned Kolkata Knight Riders’ consistent non-performance on the field for three seasons has seen the value remain unchanged. Kolkata Knight Riders’ brand value is $46.05 million, just a minor increase of $50,000 million over last year. Rajasthan Royals and Kings XI Punjab-the two most controversy-scarred teams-are valued the lowest. “As costs like players’ wages rise, the early commercial success of IPL will be tested. The honeymoon is well and truly over,” says Brand Finance India Managing Director M. Unni Krishnan. Not surprisingly, co-owner of Kings XI Punjab Mohit Burman says cryptically, “It is looking very bad, we will lose Rs 20 crore this year.” Kolkata Knight Riders, Delhi Daredevils and Deccan Chargers, according to Brand Finance, are in a state of flux and seem to have lost their balance in key areas of cricketing excellence, while Rajasthan Royals and Kings XI Punjab have to set their house in order to arrest erosion in their brand values.Click here to EnlargeAt different points in time, franchise owners have contemplated selling out-Delhi Daredevils owned by GMR, Rajasthan Royals owned by Emerging Media have both appointed advisors for a possible stake sale in the past while Kings XI Punjab nearly hawked the franchise to private equity firm ISIS Equity Partners. Will Season 4 bring them luck?last_img read more