Acsa secures €85m French loan

first_img27 February 2009Airports Company South Africa (Acsa) and Agence Française de Developpement (AFD) have signed a long-term €85-million (about R1.06-billion) loan agreement to improve Johannesburg’s OR Tambo International Airport.According to the agreement, the loan will be repayable over 15 years, with a three-year grace period.Central terminal buildingAccording to a statement by Acsa this week, the funds will be used to finance the extension and upgrading of Acsa’s flagship OR Tambo International Airport, in particular the recently built central terminal building.“This financial support shows how international development institutions can accompany, even in critical global financial times, development processes that structure the economy,” said AFD’s Johannesburg-based regional director, Christopher Richard.As part of Acsa’s strategy to diversify its sources of funding, it has approached a number of financial institutions, particularly those that focus on long-term infrastructure development, and AFD was the first international development finance institution to support the company in funding its capital investment programme.‘Quality partnership’Acsa finance executive director Priscillah Mabelane said they were pleased that AFD had partnered with them in providing long-term funding with an appropriate structure at a time when the credit market was constrained.The agreement emphasised the quality of the partnership between France and South Africa, in particular for the support of the organisation of the 2010 Fifa World Cup and the long-term development of Africa, she said.Operating in South Africa since 1994, AFD is a French government institution set up to provide development financing especially for urban, rural and infrastructural development, as well as industry, financial systems and education.SAinfo reporter Would you like to use this article in your publicationor on your website?See: Using SAinfo materiallast_img read more

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South Africa’s No. 1 football fan

first_img15 February 2010 Decorated names that do not need a second mention hold various individual records for the Fifa World Cup. The legendary Pele holds the record for being part of a World Cup winning team: he collected three winner’s medal, in 1958, 1962 and 1970. Diego Maradona has the most World Cup appearances as captain, with a tally of 16 matches. Cameroon’s great striker, Roger Milla, remains the oldest man to have played in a World Cup: when he turned out for his country in 1994, he was 42 years and 39 days old. Thulani Ngcobo, who is on the terraces every time South African Premier Soccer League club Kaizer Chiefs plays, will seek to join these football luminaries in the Guiness Book of Records when Africa hosts its first Fifa World Cup in June and July. The 29-year-old has vowed to break the individual record for watching the most matches in a single tournament after winning a competition held by Fifa partner MTN, which was looking for South Africa’s number one fan.‘One in a lifetime opportunity’ “It is a once in a lifetime opportunity for me, and I am very confident of succeeding in being the best fan of not only this historic World Cup but also in the world,” said Ngcobo, who will be going to 38 matches during the World Cup as the winner of the competition. Ngcobo said he will be out to better the present world record of 20 games, and gave an insight into his calculated schedule. “I have lined up 38 games that will begin with the opening match when Bafana Bafana play Mexico and end with the final on 11 July.” The South Africa Kaizer Chiefs supporter views the opportunity to break the world record as the second biggest development in his lifetime romance with football. “Nothing can beat the day South Africa won the right to host this World Cup, not even this competition. It was not only a victory for my country but for the whole African continent, and I remember celebrating like there was no tomorrow when we won the 2010 bid. “We are a poor continent, and most of us football fans would have died without attending a World Cup match. However, with it here, we can show off our love for this great game while we also get the opportunity to see the best football talents in the world showcase their skills,” said Ngcobo.2010 benefits ‘already visible’ The Tshwane/Pretoria-based fan points out that the World Cup benefits in his country are already visible. “Our road networks and airports have undergone a major facelift. A lot of job opportunities have been created for our people.” However, his face beams when he talks about the football facilities that have been built in preparation for the international football feast. “We will have enough football pitches for our football matches. Nothing irritates me more than being told that a match has been postponed or shifted to make way for rugby. I specifically remember some time ago, when the Telkom Cup final was moved at the last minute from Ellis Park [in Johanneburg] to Mafikeng because the venue had been taken over by a rugby match. Those days are now gone.” Ngcobo, who claims to watch as many as four matches per week, believes eclipsing the 20-match record would be a stroll in the park. “My sponsors have arranged two matches per day, which is really easy to achieve, given that logistics such as transport and accommodation have also been well planned and are also sponsored.”Rewriting the history books With that taken care of, he intends to enjoy all his matches, and has already picked his favourites. “The opening game will obviously be very emotional for me. I cannot wait to see the spectacular opening ceremony and cheer on Bafana Bafana as they kick off the tournament against Mexico. Like me, they will also re-write the history books in that moment. “The final will be even more special as I will also be celebrating fulfilling this challenge at the magnificent Soccer City Stadium.” Besides, the opening game, Ngcobo highlighted the exciting prospect of watching Brazil, Italy, France, Spain and Cote d’Ivoire in action. “A few years back, I could only dream of seeing players like Lionel Messi, Kaka, Thierry Henry, Didier Drogba, Samuel Eto’o, Fernando Torres and Ronaldo kick a soccer ball.” Source: 2010 Fifa World Cup South Africa Organising Committeelast_img read more

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Data Defined [Infographic]

first_imgTags:#cloud#cloud computing#Data Centers Earlier this year we wrote about an infographic that visualized what 10 petabytes looks like.An infographic tonight by the team at Focus takes a different look at how data is defined.The Focus infographic “uses measures only associated with data.” Quantities of data are discussed in abstract terms.Larger sizeWhat do you think? Does the Focus infographic clearly illustrate how data is defined? Top Reasons to Go With Managed WordPress Hosting Cloud Hosting for WordPress: Why Everyone is Mo… alex williamscenter_img Serverless Backups: Viable Data Protection for … How Intelligent Data Addresses the Chasm in Cloud Related Posts last_img read more

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