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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Wildlife Society teaches South Africans to care for environment

first_imgThe Wildlife and Environment Society of South Africa is one organisation educating the public on how we can care for the environment. (Images: WESSA, via Facebook)For more than 90 years the Wildlife and Environment Society of South Africa (Wessa) has helped start and support wildlife conservation programmes across South Africa, and works to get the public more involved in caring for the planet.Wessa initiates many environmental efforts, many of which it also supports.These include the Eco-Schools programme run by the Foundation for Environmental Education. Developed to teach schoolchildren about caring for the environment, the programme is aimed at ensuring the future survival of South Africa’s ecosystems.Wessa is also involved in environmental skills development programmes for to individuals, corporations and the government. Its wide range of education courses help address the shortage of skills needed to drive the green economy.Wessa, through its Rhino Initiative, appeals to the public to help them combat poaching in South Africa.THE WESSA RHINO INITIATIVEOne of the biggest nature conservation issues in Africa is rhino poaching. The slaughter of our rhinos has led to the steady decline in rhino numbers in the wild. Without the support of the public, these magnificent animals face extinction.This is why Wessa, through its Rhino Initiative, appeals to the public to help them combat poaching in South Africa.Established in 2010, the initiative’s aim is to raise funds and awareness among South Africans in the hopes of changing attitudes towards conservation – to ensure the animals are still around for generations to come.If you want to help Wessa save rhinos in South Africa, visit the Wessa Rhino Initiative website for details on how to donate to the cause. You can also contact Chris Galliers, the initiative’s unit leader, on 033 330 3931 or 079 504 4296, or at [email protected] INVOLVED WITH WESSAIf you or anyone you know shares Wessa’s passion for nature and want to help them, have a look at their get involved page.The page has details on how to volunteer your time at Wessa’s projects and donate money to help them with day-to-day expenses.You can also get in touch with the organisation on 011 462 5663 or via email at [email protected] The contact details for their other offices across the country are available on their contact us page on their website.WESSA’s wide range of education courses help address the shortage of skills needed to drive the green economy.PLAY YOUR PARTAre you playing your part to help improve the lives of those around you or the environment? Do you know of anyone who has gone out of their way to help improve South Africa and its people?If so, submit your story or video to our website and let us know what you are doing to improve the country for all.last_img read more

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6 Reasons Why IoT Leaders Are Focused on Tampa

first_imgHow Connected Communities Can Bolster Your Busi… For Self-Driving Systems, Infrastructure and In… Surveillance at the Heart of Smart Cities Tags:#automation software#community#energy#Florida#Investment#smart city#tampa How IoT Will Play an Important Role in Traffic … James is a marketing, communications, and PR professional specializing in B2B and B2C software in healthcare, software, and technology.He is an innovative and proactive builder focused on bridging C-level business demands with the creative side of marketing with product and content marketing. Recently leaders from technology and the multifamily gathered in Tampa, Florida for an event called “Building Cities of the Future”, A CRE and Urbantech Summit.Tampa is already on its journey to becoming a smarter city, and thus was the perfect setting for this event. The one day event was designed to bring together executives and founders who are reshaping the Built Environment was produced by Bisnow and Dreamit.Some of the featured speakers from technology included Dan Doctoroff Chairman and CEO of Sidewalk Labs and  Felicite Moorman, CEO and co-founder of STRATIS. As well as business leaders like Jeff Vinik Chairman of the Tampa Bay Lightning and partners of Strategic Property Partners, LLC, James Nozar, CEO of Strategic Property Partners, Steve Barsh, CIO of Dreamit and more.The event featured 35 speakers and 4 keynotes speeches aimed at driving development in commercial real estate through innovative means.“No great city was ever completely and truly planned,” Doctoroff said. “The neighborhood of the future can look a lot like the city of the past – teeming with life. Safe, defense, diverse places with a hyper-dynamic sense of community.”InsightsMoorman had the following insights for the audience about IoT, Smart Cities, and software as a servicer (SaaS).a)    IoT – The return on investment for technology investment is faster and more accessible than ever, oft times weeks, and the time to start is NOW!b)  Smart Cities – The commercial residential footprint of NYC is nearly 60%. Anyone who thinks they’re going to create a Smart City without enabling MultiFamily Owners and Residents is missing half the puzzle!c)  Access, Energy, and Automation software –Access applications for Smart Cities are endless, and the privacy and security concerns must remain front of mind, but they are not insurmountable. Understanding when people are leaving residences is a tremendous data point from a city planning perspective.According to the Tampa Bay Times, “Vinik outlined plans for create a venture capital fund with as much as $50 million or more to support startup entrepreneurs, some with direct grants. That, he believes, would make it the largest fund of its kind in Florida.”The Times also reported that “Vinik outlined plans to build an “innovation hub” on the second floor of Channelside Bay Plaza. He expects it to occupy 40,000 to 75,000 square feet of space — or 20 to 40 percent of the building — and take 12 to 18 months to create.”The UrbanTech Summit reflects the commitment of its participants to increase the adoption rates of technology, which currently stand at less than 10%, in an industry with over $40 trillion in the US alone.“If STRATIS could flip a switch and install ubiquitously across the globe, we could immediately reduce energy savings by 15-20% and more, while providing a real and near immediate return on investment,” Moorman said. “Today. There should be a greater urgency in installing and embracing that which we know works today. The single digits of savings we’ll achieve as we continue to progress are minuscule compared to what we can do right now.”Insurers & IoTMoorman added that Insurers are finally getting interested in IoT.“Insurers may be the biggest winners in the short term. Consider that in MultiFamily, if a Resident doesn’t immediately catch an incident of fire or water damage, that incident will affect other units,” she said. “Leak sensing and smoke detection are tremendous opportunities to mitigate those damages and reduce loss.”Bisnow, the world’s largest commercial real estate news and events platform, and Dreamit Ventures, a top-10 global accelerator, have committed to leveraging their reach within the commercial real estate industry to impact change through driving collaboration across commercial real estate ecosystem. James Calder Related Posts last_img read more

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