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first_img9 July 2009 The International Finance Corporation (IFC), a member of the World Bank Group, is investing US$30-million (about R243-million) in South Africa’s Sasfin, enabling the financial services group to increase lending to small and medium enterprises (SMEs) that often struggle to obtain funds from large commercial banks. The IFC’s investment will consist of up to $10-million in equity, a loan of $10-million, and up to $10-million in trade finance guarantees. The IFC’s investment will provide Sasfin with long-term capital, which has become increasingly expensive and scarce as many institutions cut back credit lines amid the global financial crisis. Sasfin will use the funds to increase the products it offers to smaller businesses, strengthen its environmental and social lending practices, and boost foreign trade by South African companies. The IFC will also support Sasfin as it expands operations across South Africa and potentially to other parts of Sub-Saharan Africa, including Malawi, Botswana and Ghana. SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo material By increasing financial services for smaller businesses, the partnership will also help create jobs and boost economic growth.center_img Creating jobs, boosting growth “IFC is committed to working with partners such as Sasfin to create more opportunities for South African businesses.” “An inclusive financial sector is crucial for developing a vibrant private sector that promotes economic development and helps reduce poverty,” said IFC Global Financial Markets director James Scriven. “The partnership with [the] IFC will strengthen Sasfin’s capital position during these volatile economic times and help expand lending to smaller businesses, an underserved segment of South African society,” Sasfin CEO Roland Sassoon said in an IFC statement this week. “Increased financing for small and medium enterprises is crucial for the sustainable development of South Africa’s private sector.” Increased lending, African expansionlast_img read more


first_imgHave you ever been so focused on an outcome that you weren’t able to pay attention to the person sitting right in front of you? You can’t focus on two things at the same time. That is to be unfocused or distracted.If you want to stop your divided mind from focusing on what you want to sell instead of what your dream client is saying, then close the call during your opening and allow your dream client to do the same.Look, you know you are going to need to ask your dream client for some commitment to move forward together at the close of your call, so tell them that at the beginning of the call. Just say, “When we are finished here today, I am going to ask you schedule another appointment with me so I can meet the rest of your team to better understand their needs.” But don’t stop there. Now let your dream client reconcile their divided mind.Your dream client has something they’re dying to ask you, and they may need to cover it before they can focus on your agenda. So ask, “Does this work for you, or is there something you want to change or cover first?” Your prospective client will either tell you to proceed with your agenda, or they’ll ask you a question they need answered. If they accept your agenda, they’re okay. If they ask a question, your answer can allow them to move on and give you their full focus.But this isn’t only about sales. Leaders often suffer from divided mind. There is so much that the leader wants to tell the people that lead that they can struggle to let go and listen. If you are a leader, you know that this is true. Instead of barreling through giving your people half of your attention, just say, “Listen, I am going to want to share something when you are finished talking to me. Is that okay?’ Don’t worry, you’ll get your chance to share everything you want, or you’ll get a commitment to get together again to do so.There aren’t too many gifts greater than giving someone your full attention and truly listening to them. Do what’s necessary to reconcile your divided mind so you can give that gift. Essential Reading! Get my 2nd book: The Lost Art of Closing “In The Lost Art of Closing, Anthony proves that the final commitment can actually be one of the easiest parts of the sales process—if you’ve set it up properly with other commitments that have to happen long before the close. The key is to lead customers through a series of necessary steps designed to prevent a purchase stall.” Buy Nowlast_img read more


first_imgStrange are the ways of the Indian Weightlifting Federation (IWF). On one hand, it claims that it is cleansing the body of dope cheats but at the same time, it has allowed tainted Satheesha Rai to become vice-president of the Karnataka Sate Weightlifting Association (KSWA).Satheesha was banned for life in 2008 after testing positive for a second dope offence at the 2008 National Games in Guwahati.IWF president BP Baishya confirmed that Satheesha had been appointed vice-president of the state body a couple of days back.”I can confirm to you that Satheesha Rai has been elected as the vice-president of the Karnataka State Weightlifting Association. This happened two days ago,” he said.When queried as to how a lifter who has been handed a life ban by the same federation can contest an election, Baishya said: “We (the IWF) will not interfere in the election process of an affiliated body. We have never done that.”The IWF president went on to defend the federation’s decision to endorse Satheesha’s election. “Look, there is no denying the fact that Satheesha was banned for life in 2008. But then I see no problem in electing someone as an official who has such a profound knowledge of the game.” He further said that no one could question Satheesha’s credentials. “He won two gold medals at the 2002 Commonwealth Games in Manchester. So we will have the services of one of the best lifters the country has had,” said Baishya.That sort of argument simply does not cut much ice. How can the IWF even think of appointing a lifter, who has been banned for life, as one of its officials? And that too at a senior post like the vice- president of one of its biggest state units.advertisementMeanwhile, the coaching camps for the men’s and women’s teams have got underway in Patiala. All the leading weightlifters in the country are going through the paces at this preparatory camp. Chief coach Harnam Singh was all praise for the lifters. “They have shown the dedication and hard work which is required to excel at this level,” he said.On his part, Baishya felt that the Indian lifters needed more of such intensive camps in order to improve their performance at the international level. “Training at camps are crucial to perform well at the international level,” he said.last_img read more


first_imgTagsTransfersAbout the authorFreddie TaylorShare the loveHave your say DONE DEAL: Tottenham complete signing of Michael Vormby Freddie Taylor11 days agoSend to a friendShare the loveTottenham Hotspur have re-signed goalkeeper Michael Vorm on a free transfer.The 35-year-old left Spurs at the expiration of his contract in June.He first joined the North London outfit in 2014 and made 47 appearances in all competitions.Spurs decided to bring back Vorm following a long-term injury to captain Hugo Lloris.I’m back… #COYSpic.twitter.com/YBNzKQaGoJ— Michel Vorm (@Vorm_Official) October 14, 2019 last_img read more


first_imgchris christie and jerry jones celebrate.Twitter/@Bogs4NYLaremy Tunsil may be lucky that this year’s draft is in Chicago, and not New York City. An overzealous former prosecutor may have hopped state lines to bring him in after a hacker posted an old video of him smoking a bong out of a gas mask to his Twitter account.New Jersey Governor and former presidential candidate Chris Christie joined WFAN’s Boomer & Carton on Friday morning to discuss the draft, and spent a lot of time expressing his bemusement about the Tunsil situation. At one point, the former New Jersey Chief Federal Law Enforcement Officer said that if he were still a prosecutor, he would have “gone in and cuffed” the Ole Miss offensive tackle. Buzzfeed’s Christopher Massie transcribed some of the more interesting parts of the appearance:“It’s unbelievable,” Christie said. “Because the bong hits aren’t enough. Give me the gas mask too. It’s incredible. I can’t take my eyes off it. It’s unbelievable.”Earlier in the interview, Christie, who opposes marijuana legalization, said, “When I was a prosecutor, I would’ve gone in and cuffed this guy,” adding, “I would’ve been all over it.”Christie also expressed sympathy towards Tunsil, saying, “Poor kid in that respect. I mean, he did it. But who’s the guy that hates him enough that they had access to the video and put it on. I mean, wow.”Here is the full interview: [Buzzfeed]last_img read more


first_imgVaranasi: Uttar Pradesh Chief Minister Yogi Adityanath on Sunday said Varanasi is identified by its Kashi Vishwanath Temple and the ancient city is also the ‘Karmabhoomi’ of Prime Minister Narendra Modi.Adityanath said this during the inauguration of the Kashi Vishwanath Arogya Mandir, run by Nayati Healthcare. He said Kashi (now Varanasi) is the PM’s ‘karmabhoomi’ (place where one is destined to work). Modi represents Varanasi in the Lok Sabha. Also Read – 2019 most peaceful festive season for J&K: Jitendra SinghThe chief minister also extended his greetings to the people on Navratri, which began on Sunday. He said the Arogya Mandir will provide immediate healthcare facilities and emergency services to the devotees coming to the Kashi Vishwanath temple and also to the local people. During the programme, he dedicated incense sticks manufactured by ITC, using flowers offered in the temple, to the deities and said this initiative employs women of Chandauli and is inspiring them to become self-dependent. Also Read – Personal life needs to be respected: Cong on reports of Rahul’s visit abroadThe chairperson of Nayati Healthcare, Niira Radia, said, besides OPD, the ‘Arogya’ centre is equipped with trained first emergency response teams of doctors and paramedics and it also has equipment to handle any kind of medical exigencies and environmental injury. Vishal Singh, CEO of Shri Kashi Vishwanath Temple Trust said every month millions of people visit the historic temple and a dedicated medical facility on its premises was the “need of the hour”. Neelkanth Tiwari, Minister of State (independent charge), Ravindra Jaiswal, UP minister for stamp and registration, Varanasi Mayor Mridula Jaiswal, Nayati Healthcare Director Karuna Menon, were among others present on the occasion.last_img read more