Alteo Limited (ALT.mu) listed on the Stock Exchange of Mauritius under the Energy sector has released it’s 2015 presentation For more information about Alteo Limited (ALT.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Alteo Limited (ALT.mu) company page on AfricanFinancials.Document: Alteo Limited (ALT.mu) 2015 presentation Company ProfileAlteo Limited is a holding company, which deals in cane farming, sugar milling, sugar refining, energy production, real estate and hospitality in Mauritius and regionally. The company was established in September 2017 and is headquartered in San Pierre, Mauritius. Alteo Limited is listed on the Stock Exchange of Mauritius.
Wilderness Holdings Limited (WILD.bw) listed on the Botswana Stock Exchange under the Tourism sector has released it’s 2016 presentation For more information about Wilderness Holdings Limited (WILD.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the Wilderness Holdings Limited (WILD.bw) company page on AfricanFinancials.Document: Wilderness Holdings Limited (WILD.bw) 2016 presentation Company ProfileWilderness Holding Limited is a world-renowned holding company for the ecotourism brands of Wilderness Safaris and Wilderness Collection. The company is dedicated to promoting and managing responsible and sustainable wildlife tourism in southern Africa and is regarded as Africa’s premier ecotourism company. The Group operate 45 safari camps and lodges and 10 scheduled overland safaris in Botswana, Congo, Kenya, Namibia, Seychelles, South Africa, Zambia and Zimbabwe; with a combined capacity to host 35 000 guests per year. Wilderness Safaris boasts a selection of luxurious, environmentally-friendly lodges and camps in premier safari destinations; including the Okavango Delta, the Namib Desert, Hwange National Park, Mana Pools National Park, Damaraland, Etosha and Kafue National Park. Wilderness Air offers scheduled transfers between Wilderness camps and a private charter service. The Wilderness Wildlife Trust is an independent entity dedicated to raising funds to improve protection, knowledge and management of southern Africa’s wildlife. Children in the Wilderness (CITW) is an environmental and life skills educational programme operating in Botswana, Malawi, Namibia, Seychelles, South Africa, Zambia and Zimbabwe.
I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Enter Your Email Address Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” This bargain FTSE 100 stock yields 10%. I’d buy it today Harvey Jones | Friday, 24th April, 2020 | More on: RDSB Image source: Getty Images. If you are looking to snap up a bargain FTSE 100 stock, you are spoilt for choice after the recent crash. You can now grab top blue-chip companies at half the price you would have paid in January. In a few rare cases, you can grab a yield worth 10% a year or more. Here’s one bargain I really like.The Royal Dutch Shell (LSE: RDSB) share price is trading 47% lower since Covid-19 struck. Yet the oil major is standing by its legendary dividend, which means it now yields an incredible 10.82% a year. That makes it a highly tempting bargain FTSE 100 stock.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Inevitably, there are risks. The oil industry has suffered a double blow. The coronavirus travel ban and lockdown has hit fuel consumption, while the decision by competitors Russia and Saudi Arabia to flood the market has done the rest.I’d buy this bargain FTSE 100 shareAt time of writing, a barrel of Brent crude trades at just over $21. At one point, producers were paying for people to take WTI crude off their hands. There is so much of the stuff washing around, they do not know where to store it.This is bad news for Royal Dutch Shell, as its break-even price is $65 a barrel, according to Redburn. Yet the company will be unwilling to drop its dividend, like so many others have on the FTSE 100. Management is well aware of its proud record of never cutting its payout since the war. It showed tenacity in maintaining the payout in 2016, when oil crashed from around $115 a barrel, to a low of $26. Shell was a bargain FTSE 100 stock then, it’s a bargain now.Shareholder payouts appear to be safe this year. Management is surely hunkering down in the hope of sitting out the current meltdown, and waiting for higher oil prices later this year or in 2021.Royal Dutch Shell share price is cheapThe oil price has picked up in recent days, despite another big rise in US crude stockpiles. The first sign of an upward movement triggered a sharp 45% jump in the Shell share price, from its low of 916p on 18 March. Now that was a great time to buy this stock. This is why we at the Fool always urge long-term investors to go hunting for bargain FTSE 100 stocks when markets fall and everybody is panicking. The resurgence can be just as swift.Anybody who buys Shell shares today must accept that the price could fall further, and the dividend could come under further pressure. If that wasn’t the case, its stock would be a lot more expensive to buy and nowhere near as tempting. Shell is still a great UK company and its shares are going cheap. I’d buy it. See all posts by Harvey Jones
Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Nadia Yaqub has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Nadia Yaqub | Friday, 5th March, 2021 | More on: CBX Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Cellular Goods (LSE: CBX) shares have been very popular so far. The company listed on the UK stock market last week, joining other early-stage cannabis firms including Kanabo and MGC Pharmaceuticals that have come to market recently.But after a successful Initial Public Offering (IPO), Cellular Goods shares have been falling. For now, I’m watching the stock and I reckon the hype around this company may be subsiding.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Here are five things I’d consider before buying Cellular Goods shares myself.#1 – The cannabis marketThe cannabis market is a fast-growing one. I should highlight that cannabinoids make up a group of compounds produced by the cannabis plant. In fact cannabidiol, or CBD, is a well-known cannabinoid that many people are familiar with.I think the reason CBD has been gaining popularity is that it can be used to treat a wide range of conditions. According to the company’s website, it can calm the mind, aid sleep and improve mood. These are just a few benefits so I’m not surprised why CBD is gaining traction rapidly.#2 – Synthetic CBDI think what sets Cellular Goods apart from its competitors is that it’s focused on creating synthetic CBD products. In simple terms, it’s CBD that’s created in the lab rather than derived from the plant.So what are the benefits of synthetic CBD? Well, each batch is identical and traceable. It’s free from pesticides and impurities. In a nutshell, synthetic CBD is claimed to be a cleaner and greener way to manufacture the substance.I’m glad to see that Cellular Goods has jumped on the issue of sustainability from the start. This means that institutional investors could include the stock in their ESG (Environmental, Social and Corporate Governance) sustainable investing portfolios.#3 – The productsCellular Goods is focusing on two product lines. The first being high-end skincare and the second is athletic recovery products.It’s launching with three synthetic CBD products: a face mask, a daily skin serum and a topical sports recovery gel. The products will be sold on its website and through physical retail partnerships.But do note that the company hasn’t actually sold any products yet! In fact, it expects to launch these in September. Cellular Goods could be successful, but for now it’s too speculative and risky for me. Its products haven’t been proven to sell to consumers. Therefore, it’s incurring costs and is loss-making.#4 – High profile peopleAlso key, I feel, is that Peter Wall, the CEO of Argo Blockchain sits on the board as Non-Executive Chairman. It seems to me that he’s a bold advocator of early stage technologies and markets. Argo Blockchain shares have been in the limelight due to the recent rally in cryptocurrencies.I can’t cover Cellular Goods without mentioning that sports star David Beckham owns a 5% stake. I guess it helps an IPO when there’s a high-profile investor involved.#5 – Competitive marketCBD is increasingly popular right now, especially in the beauty industry. But this is a saturated market. High demand, along with Beckham’s high profile could work for Cellular Goods. Especially if he’s involved in the marketing campaigns. But I reckon, the company’s success will boil down to the quality of its products.For now, I think Cellular Goods shares are a risky investment, but I’ll continue to monitor the stock. Cellular Goods shares: 5 things I’d consider before buying I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Nadia Yaqub
Melanie May | 7 November 2018 | News The proposed changes to probate fees announced this week could cost charities £10 million in reduced income, the Institute of Legacy Management has said.On 5 November, the Parliamentary Under Secretary of State for Justice Lucy Frazer lay before Parliament new legislation to implement a new, banded structure of fees instead of the current flat fee. Under the proposal fees have been revised to rise to up to 0.5% of the value of the estate. The estate value threshold would rise from £5,000 to £50,000, while for those who do pay, Frazer said that around 80% of estates will pay £750 or less, and all income raised will be spent on running the courts and tribunal service.She also stated:“This new banded fee model represents a fair and more progressive way to pay for probate services compared to the current flat fee and reflects our commitment to protecting access to justice by ensuring we have a properly funded and resourced courts system. We are also confident these fees will never be unaffordable. The cost of the fee is recoverable from the estate and executors have several options to fund it.”However, the announcement was met with concern by the Institute of Legacy Management and Remember A Charity among others, who believe the changes could impact heavily on charities by reducing the income they receive from legacies. Matthew Lagden, CEO of the Institute of Legacy Management commented: Advertisement Proposed changes to probate fees could cost charities millions Tagged with: Finance legacies 180 total views, 4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis28 “The Institute of Legacy Management is deeply concerned by the proposed rise in Probate fees from a flat rate of £215 (£155 if the grant is obtained by a solicitor) to a maximum of £6,000. We welcome the drive to improve the operation of the Court Service and understand the need to balance the interests of taxpayers and Court Service users.“However, the new fees would significantly reduce income for charities reliant on legacy gifts, to the tune of £10 million a year, at a time when many charities are struggling to meet increasing demand for their services.“The Government’s own impact assessment acknowledges that the current fees cover the average costs of making a grant of probate, so we are clear that this is a stealth tax, which will be borne in part by charities.He also asked that consideration be given to introducing a rebate or exemption from the increased fees for charitable estates, which he said would cost the Government relatively little, and would improve the attractiveness of this form of giving.Director of Remember A Charity, Rob Cope, also commented, saying:“The new probate structure will see charitable wills costing – in some cases – thousands of pounds more than they do currently and our concern is that this could deter people from leaving a donation in their will.“While Government expects to generate £185 million from the increased charges by 2022-2023, it is important to remember that charitable bequests are worth almost £3 billion a year for good causes. The sector cannot afford to risk losing legacy income.“We will be urging Government to offer a reduction in probate fees for estates that include a charitable gift, helping to mitigate the impact of the fee increase.” 179 total views, 3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis28 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.
News Receive email alerts December 9, 2020 Find out more RSF_en DjiboutiAfrica Reporters Without Borders is concerned about the detention of Maydaneh Abdallah Okieh, the website editor of the independent radio station La Voix de Djibouti (LVD), who was arrested at his home on 9 March and has been held since.“We demand the immediate release of Okieh, who was arrested arbitrarily for having covered a meeting of the National Salvation Union (USN), an opposition alliance,” said Cléa Kahn Sriber, the head of the Reporters Without Borders Africa desk.“It is the job of journalists to observe and report, and as such they must be free to do their work, which includes reporting dissenting views. Is President Ismael Omar Guelleh’s government so fragile that it cannot tolerate the least criticism?”Okieh was arrested at his home in Cité Maka Moukarama, in the Djibouti City suburb of Balbala, on 9 March by gendarmes from the Balbala-based Sheik Moussa Brigade and was transferred to Gabode central prison the next day, where holding conditions are known to be dire.The police said they had been looking for him since 4 March, when he covered a USN meeting in Balbala and saw gendarmes use violence to break up the meeting. He appeared in court on 11 March on a charge of disturbing public order. The court is supposed to issue a verdict on 18 March.Okieh spent two long spells in Gabode prison last year. He was held for six months, from 15 May to 19 October, on charges of “insulting a police officer” and “defaming the police” for posting photos on his Facebook page that showed police breaking up an opposition protest. Before that, he was held from 4 March to 10 April on charges of inciting a rebellion and inciting illegal demonstrations.Djibouti is ranked 169th out of 180 countries in the 2014 Reporters Without Borders press freedom index. This is two places lower than in the 2013 index.Photo : Maydaneh Abdallah Okieh March 13, 2014 – Updated on January 20, 2016 Independent radio’s website editor detained again Help by sharing this information La Voix de Djibouti is not run by “opposition illiterates,” RSF says News Another Voix de Djibouti reporter arrested in Djibouti City Organisation News to go further Follow the news on Djibouti Djibouti: Detained reporter’s home searched, Facebook account hacked August 4, 2020 Find out more DjiboutiAfrica News July 17, 2020 Find out more
Top StoriesReal Time Reporting Of Court Hearing In Social Media Not A Cause Of Apprehension; A Virtual Extension Of ‘Open Court’ : Supreme Court LIVELAW NEWS NETWORK6 May 2021 8:38 AMShare This – xReal-time reporting of court room proceedings in social media is not a cause of apprehension but a virtual extension of the concept of open court, the Supreme Court has held.The Court said that this new-age trend is a “celebration of our constitutional ethos which bolsters the integrity of the judiciary by focusing on its functions”. It held that such real-time reporting is an extension of freedom of speech and expression that media possesses. Social media forums give a wider audience to real-time updates.A division bench comprising Justices DY Chandrachud and MR Shah made these significant observations while rejecting a prayer made by the Election Commission of India to stop media from reporting the oral remarks made by judges in a hearing, which do not form part of judicial record. The ECI was aggrieved with oral remarks made by the High Court castigating it for allowing election rallies during the COVID pandemic.Observing that the internet and social media have “refashioned and,in significant ways,revolutionized the means through which information is relayed”, the bench observed :”With the advent of technology, we are seeing reporting proliferate through social media forums which provide real-time updates to a much wider audience. As we have discussed in the previous section, this is an extension of the freedom of speech and expression that the media possesses. This constitutes a ̳virtual’ extension of the open court. This phenomenon is a not a cause of apprehension, but a celebration of our constitutional ethos which bolsters the integrity of the judiciary by focusing attention on its functions”.The 31-page judgment authored by Justice DY Chandrachud acknowledged that the new developments in technology are changing the way court proceedings are also getting reported.”The world is adapting to technology at a pace which is often difficult to catalogue, and many of our citizens are becoming digital natives from a young age. It is understandable that they will look towards modern forms of media, such as social media websites and applications, while consuming the news. This, understandably, would also include information reported about the functioning of courts. Hence, it would do us no good to prevent the new forms of media from reporting on our work”It is better for the Constitutional Authorities to accept this new-reality, than to complain, the Court said.”Acceptance of a new reality is the surest way of adapting to it. Our public constitutional institutions must find better responses than to complain”, the judgment said.The judgment referred to the fact that courts in many foreign countries are live-streaming their proceedings. Even the Gujarat High Court has started to live-stream its hearing in YouTube.”In this backdrop, it would be retrograde for this Court to promote the rule of law and access to justice on one hand, and shield the daily operations of the High Courts and this Court from the media in all its forms, by gagging the reporting of proceedings, on the other”, the Court said.The Supreme Court said that the prayer of ECI to restrain media coverage of court hearings strikes at two fundamental principles guaranteed under the Constitution –open court proceedings; and the fundamental right to the freedom of speech and expression.The Court said that there was no question of expunging the oral remarks of the High Court as they are not part of the judicial record. At the same time, the bench added that the remarks made by the High Court were harsh and the metaphor used was inappropriate. The Court advised that the judges should exercise restraint while making off-the-cuff remarks.”The remarks of the High Court were harsh. The metaphor inappropriate. The High Court-if indeed it did make the oral observations which have been alluded to -did not seek to attribute culpability for the COVID-19 pandemic in the country to the EC. What instead it would have intended to do was to urge the EC to ensure stricter compliance of COVID-19 related protocols during elections… All that needs to be clarified is that the oral observations during the course of the hearing have passed with the moment and do not constitute a part of the record. The EC has a track record of being an independent constitutional body which shoulders a significant burden in ensuring the sanctity of electoral democracy. We hope the matter can rest with a sense of balance which we have attempted to bring”, the Court said in the order.Also From the judgment :’Citizens Have Right To Know What Transpires In Judicial Proceedings’ : Supreme Court Upholds Media’s Freedom To Report Court Hearings No Question Of Expunging Judges’ Oral Remarks Which Are Not Part Of Judicial Record : Supreme Court In ECI Case Case DetailsTitle : Election Commission of India v MR Vijaya BhaskarCoram : Justices DY Chandrachud and MR ShahCitation : LL 2021 SC 244Click here to read/download the judgment.TagsSupreme Court Media Reporting #Justice DY Chandrachud #Justice MR Shah #Election Commission of India (ECI) Social Media Next Story
Ovidiu Dugulan/iStockBy MORGAN WINSOR, ABC News(NEW YORK) — A pandemic of the novel coronavirus has now killed more than 781,000 people worldwide.Over 22 million people across the globe have been diagnosed with COVID-19, the disease caused by the new respiratory virus, according to data compiled by the Center for Systems Science and Engineering at Johns Hopkins University. The actual numbers are believed to be much higher due to testing shortages, many unreported cases and suspicions that some national governments are hiding or downplaying the scope of their outbreaks. Since the first cases were detected in China in December, the United States has become the worst-affected country, with more than 5.4 million diagnosed cases and at least 171,823 deaths. Here’s how the news is developing Wednesday. All times Eastern:7:15 a.m.: Pope warns against vaccine priority for the richPope Francis said Wednesday that a COVID-19 vaccine should be “for everyone” and not made a priority for the rich.“How sad it would be if for the COVID-19 vaccine priority is given to the richest,” Francis said during his weekly general audience at the Vatican, which was held virtually due to the coronavirus pandemic.“It would be sad,” he added, “if the vaccine became property of such and such nation and not universal for everyone.”The pope noted how COVID-19 “has uncovered the plight of the poor and the great inequality that reigns in the world.”“The pandemic is a crisis. You don’t come out of it the same — either better or worse,” he said. “We must come out better.”6:34 a.m.: India records 1,092 more deathsIndia’s health ministry recorded 1,092 additional coronavirus-related deaths in the past 24 hours, bringing the nationwide toll to 52,889.The latest single-day rise in fatalities is lower than India’s record of 2,003 deaths reported on June 16.The country of 1.3 billion people has the world’s fourth-highest death toll from COVID-19, behind the United States, Brazil and Mexico, according to a real-time tally kept by Johns Hopkins University.More than 2.7 million people in India have been diagnosed with COVID-19 since the pandemic began — the third-highest count in the world.5:39 a.m.: ‘We are not seeing a surge in community cases,’ says New Zealand PMNew Zealand reported six new cases of COVID-19 on Wednesday, five of which were locally transmitted and are linked to a cluster of cases in the country’s most populous city.The national total now stands at 1,299 cases, 96 of which are active, according to data published on the health ministry’s website.New Zealand Prime Minister Jacinda Ardern said the latest figures were “encouraging.”“At this stage, we are not seeing a surge in community cases,” Ardern said at a press conference Wednesday. “We have not seen any new cases outside of that identified Auckland cluster.”Health officials are still investigating how the outbreak in Auckland started after the country went 102 days without any local transmission. The new cluster of cases was discovered there last week, prompting authorities to impose a two-week lockdown in the region and to reschedule national elections.4:45 a.m.: France will require face masks in offices starting next monthFrance’s labor ministry announced Tuesday that face masks will be required in enclosed shared office spaces starting Sept. 1, citing an “upsurge” in COVID-19 cases.Mask will not be mandatory in individual offices so long as only one person is present, the ministry said.The wearing of face masks is already compulsory in public indoor spaces across France. Several cities, including Paris and Marseille, have imposed mask requirements in some outdoor areas, such as popular beaches.There were 2,238 new cases of COVID-19 identified in France on Tuesday, according to the health ministry, which is requiring on-the-spot tests for travelers coming from over a dozen nations with active virus circulation, including the United States. 3:50 a.m.: US reports more than 1,300 new deaths in a single dayThere were 44,813 new cases of COVID-19 identified in the United States on Tuesday, according to a count kept by Johns Hopkins University.Tuesday’s tally is well below the country’s record set on July 16, when 77,255 new cases were identified in a 24-hour reporting period.An additional 1,324 coronavirus-related deaths were also recorded Tuesday — a nearly threefold increase from the previous day but still under the record 2,666 new deaths that were reported on April 17.A total of 5,482,602 people in the U.S. have been diagnosed with COVID-19 since the pandemic began, and at least 171,823 of them have died, according to Johns Hopkins. The cases include people from all 50 U.S. states, Washington, D.C. and other U.S. territories as well as repatriated citizens.By May 20, all U.S. states had begun lifting stay-at-home orders and other restrictions put in place to curb the spread of the novel coronavirus. The day-to-day increase in the country’s cases then hovered around 20,000 for a couple of weeks before shooting back up and crossing 70,000 for the first time in mid-July.While week-over-week comparisons show that the nationwide number of new cases has continued to decrease in recent weeks, the number of new deaths has increased, according to an internal memo from the Federal Emergency Management Agency, obtained by ABC News on Tuesday night. Copyright © 2020, ABC Audio. All rights reserved.
Previous Article Next Article Comments are closed. UK companies could be losing millions of pounds when expatriate assignments fail through lack of cultural research.A report has claimed 63 of 100 organisations surveyed reported failed expatriate assignments – and the main reason was the placement of candidates unsuited to the culture of the chosen country.On average, it costs a company up to £900,000 to send a manager earning £100,000 on a three-year international assignment.The research, conducted in European and UK companies by Cendant International Assignment Services, found candidates selected for the assignments were not screened properly. As a result they experienced cultural, family or personal problems. Organisations do not place enough importance on assessing the cultural and family suitability of a potential expatriate,the report claims.Only 49 per cent of the companies assessed cultural suitability and only 41 per cent assessed family suitability – even though 89 per cent formally assessed candidates’ job skills.The expatriate market is growing, with 59 per cent saying their numbers of expatriate assignments will rise in the next five years.Speaking to Personnel Today, Dr Aysen Broadfield, Mattel’s HR Director for Northern Europe called for a global approach to HR based on first-hand experience of the countries involved.She said, “They should send people out there first. If you look into the expatriate policies of multinationals, you will easily see from which country they originate. To me the best policy is the one which reflects the world – not the country.”Dr Broadfield has previously worked in HR in the UK and noticed the complacency of UK companies when she began working in Amsterdam last year.She warned businesses could face the situation of a major dotcom which relocated 200 employees to the Hague – only to find many of them returned because they could not afford the rent.Statistics had suggested it was cheap to live in the Netherlands – but had not indicated the price of accommodation. UK firms counting cost of expatriate ‘culture clash’On 23 May 2000 in Personnel Today Related posts:No related photos.
Comments are closed. Employers could beheld responsible if their staff drive dangerously and crash their companyvehicles under proposals being studied by health and safety officials.A Government-appointed task forceis considering ways of using existing legislation to take directors to courtwhere they could be fined or even jailed.Independent research commissionedby the Health and Safety Executive for the task force showed that 25-33 percent of serious road accidents involve someone driving in the course of theirjob. The discussion period for the task force proposals, which were outlined ina document published last week, will last until 25 May.Colin Hague, head of personnel andtraining services for the Borough of Poole, welcomed the debate. He said, “Itis appropriate that employers take responsibility for seeking to ensure drivershave working conditions that protect the safety and lives of drivers and thepublic.”Richard Dykes, task group chairmanand managing director of Mail Services, which is part of the Post Office, said,“The estimate that up to 1,000 people die on the roads in incidents that areconnected to work is startling. “This discussion document is anessential way to gather views.” Related posts:No related photos. Previous Article Next Article Directors face bad drivers rapOn 6 Mar 2001 in Personnel Today