SA launches new companies commission

first_img20 April 2011 The new Companies and Intellectual Property Commission, and the new Companies Act that it takes charge of, will simplify company registration and modernise business administration in South Africa, says Trade and Industry Minister Rob Davies. Launching the new commission in Midrand, Johannesburg on Monday, Davies said it would guide the implementation of South Africa’s new Companies Act, which comes into effect in May. “I’m satisfied that the commission is in a state of readiness,” Davies said. “When we bring into force this legislation, we will be bringing to South Africans top notch legislation.” “We need to move from where we are in the interest of good governance, and this piece of legislation will help us in this regard,” the minister said, adding: “As we implement, we will sort out any problems that may arise. We will learn by doing.” With significantly expanded functions and powers, the new commission will combine the functions of the Office of Companies and Intellectual Property Enforcement (OCIPE) and Companies and Intellectual Property Registration Office (Cipro). Administrative functions currently assigned to the minister under the Companies Act are to be placed within the jurisdiction of the commission, which will act as an autonomous statutory body outside the public service. The Act also introduces a number of new responsibilities, which Cipro currently does not perform, but will be performed by the new commission. These include pro-active enforcement measures by way of compliance notices served on defaulting companies, investigations of all complaints and contraventions of the Act, and investigating the affairs of companies. Davies rejected criticism that the new commission would be Cipro, just under a new name. “Our intention is to actually ease processes, so it won’t be business as usual. We are aware that there will be challenges at first, but what we can assure businesspeople is that things will be totally different from now on.” The process of reorganising Cipro and retraining staff had taken more than a year of intensive work, according to the department’s deputy director-general, Zodwa Ntuli. The department’s former deputy director-general, Astrid Ludin, has been appointed to lead the commission and will be assisted by several deputy commissioners. Ludin said: “The challenge for the commission will be to make sure that we have systems in place that will ensure that we deliver on the simplicity that we promise to companies. Together, we will work hard to achieve an institution that will be a vehicle for business enterprises in this country.” Source: BuaNewslast_img read more

Rain or Shine clinches quarterfinals spot, beats top seed SMB

first_imgGoogle honors food scientist, banana ketchup inventor and war hero Maria Orosa PBA IMAGESRain or Shine secured a spot in the quarterfinals after beating San Miguel Beer, 95-80, in the 2018 PBA Philippine Cup Wednesday night at Mall of Asia Arena.Beau Belga had an all-around effort with 19 points, seven rebounds, four assists and five steals to lead the shorthanded Elasto Painters, who were without injured veterans Chris Tiu and James Yap.ADVERTISEMENT Don’t miss out on the latest news and information. John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding LATEST STORIES E-Painters center Raymond Almazan also left the game early after hurting his hand and did not return.“At least now we’re assured of a playoff spot,” said ROS head coach Caloy Garcia. “But we also want to win our game on Friday so we could get to number four.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“I credit the players. They battled it out today. [San Miguel] also relaxed a little bit so we took advantage of it,” added Garcia, whose squad faces Barangay Ginebra in their final game in the elimination round.The Beermen came into the game already assured of the top seed and may have played the game safe. But that’s not to take anything away from the Painters, who still managed to take down the reigning three-time champions. Brace for potentially devastating typhoon approaching PH – NDRRMC Pussycat Dolls set for reunion tour after 10-year hiatus Police teams find crossbows, bows in HK university PLAY LIST 01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City LOOK: Iya Villania meets ‘Jumanji: The Next Level’ cast in Mexicocenter_img View comments Typhoon Kammuri accelerates, gains strength en route to PH AFP official booed out of forum Read Next Families in US enclave in north Mexico hold sad Thanksgiving MOST READ Rain or Shine went on an 11-1 run capped by a basket by Gabe Norwood to put the game away, 85-71, with 4:07 remaining.Jewel Ponferada added 17 points while Mark Borboran and Norwood chipped in 11 and 10 points, respectively for the Painters (6-4), who spoiled Alex Cabagnot’s first game back for San Miguel.June Mar Fajardo had 19 points, 10 rebounds and three blocks for the Beermen, who turned the ball over 24 times and only had 13 assists.ROS, on the other hand, had 24 assists and only seven turnovers.RELATED VIDEOADVERTISEMENT Lady Bulldogs face reality after Lady Tamaraws losslast_img read more

London Olympics: Ivan Ukhov wins gold in high jump

first_imgRussian high jumper Ivan Ukhov soared to Olympic gold on Tuesday, clearing 2.38 metres to pip Erik Kynard of the US to the title. Ukhov entered the competition as hot favourite after posting a world-leading 2.39 in Cheboksary, Russia, in March, and justified the tag by clearing five consecutive heights with just one fail.Kynard cleared 2.33 before knocking the bar over at 2.36, 2.38 and 2.40.Derek Drouin of Canada and Mutaz Essa Barshim of Qatar shared the bronze with 2.29.last_img

DeMarcus Cousins leads Warriors past Pelicans; Stephen Curry leaves hurt

first_imgCousins had 21 points and 12 rebounds, and the Golden State Warriors defeated the Pelicans 112-103 on Tuesday night in a game that also saw guard Stephen Curry leave with a mild foot sprain.“He’s going to be fine,” Warriors coach Steve Kerr said of Curry. “He tweaked it, but we weren’t going to mess around.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsCurry, who played the first nine minutes of the game, did not speak with reporters but also did not appear particularly distressed as he sat at his locker signing basketball shoes and showed no signs of a limp as he left the arena.Golden State, which already had clinched the top playoff seed in the Western Conference, also played without several other prominent players, including forward Kevin Durant, who was listed out with an illness, and guard Klay Thompson, who was given an opportunity to rest his sore right knee. Cayetano: Senate, Drilon to be blamed for SEA Games mess SEA Games hosting troubles anger Duterte View comments LEE’S FATELee, who turned pro in 2016 out of Louisville, said he is aware he probably won’t be on the Warriors’ playoff roster, but was grateful for his experience with Golden State this season.“Picking up all this knowledge, this experience … is something that I can cherish forever,” Lee said, adding that he also appreciated the Warriors providing him a platform “to showcase myself on the NBA level.”UP NEXTWarriors: Visit Memphis on Wednesday night.Pelicans: Head into what promises to be the making of an eventful offseason that will include the hiring of a new general manager and a likely trade of Davis.Sports Related Videospowered by AdSparcRead Next Hontiveros presses for security audit of national power grid DA eyes importing ‘galunggong’ anew The likely end of the Davis era in New Orleans arrived unceremoniously. The disgruntled six-time All-Star, who missed his seventh straight game with what the team has listed as back spasms, wore a T-shirt with the famous Looney Toons sign off, “That’s All Folks,” written across the chest. As he walked down the tunnel toward the locker room after the game, he gave one fan a high-five.Davis is under contract through next season, but has asked to be traded — and is expected to be dealt this offseason by a new general manager that the Pelicans have yet to hire.When the game ended, Pelicans coach Alvin Gentry described Davis as “a great kid” who “got some bad advice,” referring to Davis’ agent, Rich Paul, who also represents LeBron James and who orchestrated a public, mid-season trade demand for which Davis was fined $50,000.“But there’s nothing wrong with A.D.,” Gentry added. “He’s a good, solid guy with good character.”Cousins was playing in New Orleans for the first time since tearing his Achilles as a member of the Pelicans in January 2018.ADVERTISEMENT LATEST STORIES Private companies step in to help SEA Games hosting As he finished dressing in the locker room after the game, Cousins smiled and acknowledged reporters who approached, but dissuaded them from asking questions by asserting he had nothing to say.“Write what y’all want. That’s what you do anyway,” Cousins said. “Y’all have a wonderful evening.”Damion Lee, who has a two-way contract with Golden State and has spent much of this season in the G-League, matched his career high with 20 points. Former Pelican Quinn Cook scored 19 points.Christian Wood had 26 points and 12 rebounds for the Pelicans, who closed out the season with 13 losses in their last 16 games as they mixed and matched lineups of primarily young or recently acquired players they sought to evaluate for the future.Jahlil Okafor scored 30 points and Ian Clark 20 for New Orleans.TIP-INSWarriors: Forward Andre Iguodala (left toe soreness) and Andrew Bogut (rest) also did not play. … Louisiana native Jacob Evans scored 11 points, while Alfonzo McKinnie and Jordan Bell each scored 10.Pelicans: Diallo, who came in 0 for 3 on the season from 3-point range, hit a 3 from along the right sideline late in the first half and held up three fingers as he ran back toward the defensive end. He finished with 11 points.WHAT A RUNGolden State owns at least a tie for the best six-season stretch in NBA history, going 373-118 in the regular season from 2013-2018. Boston went 373-119 from 1980 to 1985. Golden State can eclipse that mark by winning its finale Wednesday. PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ 41.21.1: Dirk Nowitzki announces retirement after final home game for Mavs Panelo: Duterte ‘angry’ with SEA Games hosting hassles Golden State Warriors center DeMarcus Cousins (0) loses control of the ball while driving to the basket against New Orleans Pelicans guard Kenrich Williams (34) and center Jahlil Okafor (8) in the first half of an NBA basketball game in New Orleans, Tuesday, April 9, 2019. (AP Photo/Scott Threlkeld)NEW ORLEANS — DeMarcus Cousins played a season-high 35 minutes while visiting the city he called home last season, drawing a mix of cheers and boos during a productive performance.His former teammate, Anthony Davis, sat on the end of the Pelicans’ bench in street clothes for what likely was his last game with the team that made him the face of the franchise when it drafted him seven years ago.ADVERTISEMENT Philippine Arena Interchange inaugurated Don’t miss out on the latest news and information. Duterte wants probe of SEA Games messlast_img read more