Search Results for: South Africa
10 results out of 4361 results found for 'South Africa'.
FLOATING WIND POWER RAMPS-UP AS DEVELOPER PONDER REDUCING COSTS
Oil companies decarbonising their portfolios are getting out their cheque books for floating offshore wind projects.
Bottom-fixed offshore wind farms familiar in some places worldwide are generally limited to water no more than about 60 metres deep. Beyond that, it becomes economically unfeasible to connect the increasingly large turbine assemblies to the seafloor by either monopile or jacket foundations.…
MOZAMBIQUE TOBACCO LEAF SECTOR FACES TOUGH TIMES
Mozambique’s tobacco leaf and processing sector is facing tough times. Cyclones such as this January’s Eloise, and Idai in 2019 have wreaked significant damage on tobacco plantations. Covid-19 has caused processing disruption and harmed legitimate distribution, encouraging an increase in black market cigarette sales.…
CHINA FIVE YEAR PLAN ENVISAGES EXTRA PUSH TO MOVE TEXTILE PRODUCTION INTO WESTERN REGIONS
The world’s textile sector is focusing on China’s National People’s Congress, which congregated in Beijing’s Great Hall of the People last Friday (March 5) to start a ‘Two Sessions’ event to review and ratify the draft outline of the 14th Five-Year Plan (2021-2025).…
MILITARY VIOLENCE HARMING MYANMAR TEXTILE AND FABRIC BUSINESS
The increasing violence meted out by Myanmar security forces against protestors opposing military rule looks set to deepen disruption that has been suffered by the country’s clothing and textile industry since the February 1 coup.
According to local news reports, almost 60 people have been killed and 100s arrested during mass demonstrations and protests that have been continuous, with wood and corrugated iron forming barricades around neighbourhoods.…
TUNISIA’S CLOTHING SECTOR LAUNCHES INDUSTRY REVIEW AS POLITICAL TURMOIL KEEPS BOILING
The Tunisian clothing industry association will this week launch a major review of the sector’s market positioning as it seeks to help manufacturers survive the ongoing political turmoil that is wracking the country.
Nafaa Ennaifer, vice president of the Fédération Tunisienne du Textile et de l’Habillement (FTTH), told just-style his organisation would on Friday (March 12) launch a new market study in partnership with the Global Textiles and Clothing Programme (GTEX) and its Middle East and North Africa arm MENATEX.…
CHINA FIVE YEAR PLAN AIMS TO PUSH CLOTHING PRODUCTION WESTWARDS AND GROW DOMESTIC MARKET
The world’s clothing and textile sector is keeping a close eye on China’s National People’s Congress, which congregated in Beijing’s Great Hall of the People last Friday (March 5) in a ‘Two Sessions’ event to review and ratify the draft outline of the 14th Five-Year Plan (2021-2025).…
SOUTH KOREA GETS TOUGH ON VASPS THAT FAIL TO FILE SARS
South Korea will take a tough stance on virtual asset service providers (VASPs) that fail to file suspicious activity reports (SARs) when anti-money laundering (AML) requirements become mandatory on March 25. Barely two weeks before VASPs have to comply with AML and know your customer requirements under a revised March 2020 Act on Reporting and Using Specified Financial Transaction Information, South Korea’s Financial Services Commission (FSC) announced VASPs could be fined for failing to submit SARs or comply with other requirements, such as keeping data on suspicious transactions or managing customer transactions records separately.…
GLOBAL CRYPTO-CURRENCY REGULATION NEEDED, SAY EXPERTS, AS AML/CFT CRYPTO-FINTECH GROWS IN SOPHISTICATION
An international model of rules for monitoring and control cryptocurrency operators and crypto-exchanges’ compliance with anti-money laundering and counter financing of terrorism (AML/CFT) regulations worldwide, is needed, some AML/CFT specialists are arguing. Nina Kerkez, market planning director at LexisNexis Risk Solutions, said regulatory frameworks are currently being developed “at an alarming rate” in a wide range of jurisdictions, with significant divergences apparent in, for example, KYC/CDD requirements and when to file suspicious activity reports (SARs).…
UNIVERSITY OF MALAWI COUNCIL SPARKS CONTROVERSY BY HALTING COLLEGE SPIN-OFF PLAN
A University of Malawi (UNIMA) Council’s decision to suspend a planned delinking of the university’s constituent colleges into independent universities has generated fears that the plan – hatched over six years ago – will ultimately be frustrated. After a consultative process President Lazarus Chakwera, last November, last year had given assent to a final bill on the delinking of UNIMA.…
UK UNIVERSITIES TURNING BLIND EYE TO NIGERIAN MONEY LAUNDERING ASSOCIATED WITH FOREIGN STUDENTS, SAYS REPORT
UK universities are turning a blind eye to Nigerian political elites laundering dirty money through their fees, according to a paper published by the Carnegie Endowment for International Peace from West Africa expert and non-resident scholar, Matthew Page. Commissioned by the British High Commissioner to Nigeria, Catriona Laing, ‘West African Elites’ Spending on UK Schools and Universities: A Closer Look’ (1), flags up the “unexplained wealth” used by Nigerian politicians and public officials to pay British university and boarding school fees.…