Ricci Rivero apologizes after viral video shows him shouting at fan

first_imgIn fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Volcano watch: Island fissures steaming, lake water receding “I had a bad game. It was a frustrating loss. This was during my first game out of and against La Salle,” he wrote.The incident happened on April 27 shortly after the Gilas cadets took a 91-72 loss to De La Salle in the Filoil Preseason Cup in a game where Rivero struggled with only six points against his former team.“Dugouts are our only private place to pour our emotions seconds after an important game, ’twas just the most inappropriate time and place for a selfie,” the tweet read.“Hence, I still own up to this unacceptable behavior. To the girl in the video and to all that are affected and disappointed, I am a work in progress and I sincerely apologize for my imperfections. Thank You po.”pic.twitter.com/LshXosym5hADVERTISEMENT — Ricci Rivero (@_ricciiirivero) June 11, 2018 MOST READ DepEd’s Taal challenge: 30K students displaced Ricci Rivero. Photo by Tristan Tamayo/INQUIRER.netRicci Rivero apologized on Twitter after a video of him shouting at a female fan went viral on Monday.Rivero, a member of the Gilas Pilipinas cadets, described his actions as “unacceptable behavior” and that how he acted was due to a “frustrating loss.”ADVERTISEMENT Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Winfrey details her decision to withdraw from Simmons film GALLERY: Philippines splits last 2 games in Fiba 3×3 World Cup View commentscenter_img China population now over 1.4 billion as birthrate falls Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Dave Chappelle donates P1 million to Taal relief operations Steam emission over Taal’s main crater ‘steady’ for past 24 hours Pope Francis apologizes for ‘losing patience’ with worshipper PLAY LIST 01:06Pope Francis apologizes for ‘losing patience’ with worshipper00:50Trending Articles02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIES In the video that is making rounds on social media, Rivero was on his way to the dugout while a female fan followed him and asked for a picture, but the 20-year-old guard snapped at the fan before quickly realizing the incident was caught on camera.Frustrated Ricci Rivero yelled at his fans after a frustrating loss. pic.twitter.com/mWRWOld6ODFEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crown— nancy bingay (@splakokak) June 11, 2018 Jury of 7 men, 5 women selected for Weinstein rape triallast_img read more

Nothing illegal in parking meter contract – Harmon

first_img− AG recommends accountant to set fees The controversial Parking Meter Project is set to commence implementation in September as Government said on Thursday that nothing illegal was found in the contract signed with Smart City Solutions Inc, the company contracted for the project.Government had ordered a review of the contract between Smart City Solutions and the Georgetown Mayor and City Council (M&CC) following mounted concerns about transparency of the Parking Meter Project. The review was conducted by Finance Minister Winston Jordan and Attorney General and Legal Affairs Minister Basil Williams.Speaking at the post Cabinet briefing on Thursday, Minister of State Joseph Harmon noted the review ordered by Cabinet churned up nothing illegal in the contract.“The sum total of the finding was that (a) there was nothing illegal about the contract and (b) it appeared that from a review of the documents that the terms and conditions of the contract was onerous and heavily in favour of the concessionaire,” he stated.However, the Minister of State noted that recommendations were made to ensure that the people of Guyana are not fleeced.“The recommendation of the Minister of Legal Affairs is that an accountant be engaged by the Council to review this contract in so far as the fees are concerned and advise it,” Harmon further disclosed.According to the Minister, these recommendations were passed on to the Georgetown Town Council by Communities Minister Ronald Bulkan. He added that Cabinet did not set a deadline for the Minister to report back on progress of the recommendation but noted that Bulkan was given full scope to deal with the matter and the Georgetown Council as well.Since the signing of the contract back in June for the implementation of parking meters throughout Georgetown, many persons have raised concerns about the lack of transparency in the deal, with persons saying it appears to be a shady one aimed at exploiting the local populace.Despite this, Smart City Solutions Inc had gone ahead with the project, conducting demonstration exercises on how the parking meter works throughout the city. Persons were also seen conducting assessments on various streets in the city. However, Kamau Cush, who owns the company implementing the project, had maintained that the project is a legitimate one. In fact, he told reporters back in June that he was not bothered by the review being conducted by Government since it is intended to detect any illegality, assuring that nothing of the sort would be found. “There is no fleecing going on… We have everything to lose, we will be responsible for all the overhead, for the software, for the hardware everything. The City of Georgetown and Central Government will have no financial responsibility in the installation or the operation of the project,” he had stated.Furthermore, United States-based Guyanese businessman disclosed that the contract was actually signed between the Town Council and Smart City Solutions, and not National Parking Systems (NPS) as previously stated. He added too that when the joint venture between the two companies was formed, NPS was absorbed into Smart City Solutions, which he now claims is owned by Mexican Company – Operadora deEstacionamientosBicentenario, S A de C V. “Smart City Solutions is a subsidiary of Operadora deEstacionamientosBicentenario, this is the parent company that is headquartered in Mexico City… NPS is no longer an entity that’s operating this parking system. The City of Georgetown signed a contract with Smart City Solutions. NPS is a shareholder in Smart City Solutions; Smart City Solutions is a subsidiary of Operadora deEstacionamientosBicentenario, which is based in Mexico,” Cush had related to media operatives. This new information surfaced in light of mounting concerns over the authenticity of the two initial companies – NPS and Smart City Solutions.last_img read more

Global Alliance Awards INCHR ‘A’ Status

first_imgThe Independent National Commission on Human Rights of Liberia (INCHR) has received ‘A’ status accreditation from the Global Alliance of National Human Rights Institutions (GANHRI).According to a release, the accreditation comes after a period of application, assessment and observation by GANHRI and other national human rights institutions (NHRIs).GANHRI is the governing body of all NHRIs. The organization is based at the United Nations Office in Geneva, Switzerland.The chairman of GANHRI, Dr. Beate Rudolf, said the accreditation is a reflection of the hard work that the INCHR of Liberia has put into the process by ensuring that Liberia fully complies with the UN Paris Principles for NHRIs.In his message of congratulations to Atty. Bartholomew B. Colley, acting chairperson of the commission, Dr. Rudolf, who is also the director for the German Institute for Human Rights, said that the Liberia human rights body has shown commitment in the promotion and protection of human rights in and by Liberia since it was founded in 2005.By receipt of the ‘A’ status accreditation, the commission’s membership status with the Global Alliance of National Human Rights Institutions (GANHRI) has moved to voting member as required by Article 24.1 of the GANHRI statutes.The commission can now vote at GANHRI meetings, and also stand for positions in GANHRI’s governance structures.The INCHR is already a full member of the continental governing body for NHRIs, the Network of African National Human Rights Institutions (NANHRI).Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Power ranking every PL club by their record signing from worst to best deals

first_img 1. Manchester City – Kevin De Bruyne (£55m, August 2015) – De Bruyne endured a miserable spell with Chelsea before resurrecting his career at Wolfsburg, subsequently bagging himself a move to the Etihad. He registered seven goals and nine assists in the Premier League, and his figures would have been higher but for a two-month spell on the side lines with injury. The midfielder, at the moment, looks worth every penny of the £55m paid. 20 20 13. Bournemouth – Benik Afobe (£10m, January 2016) – Still just starting out on his journey with the Cherries, Afobe is making a good start to life on the south coast since joining in January 2016 with four goals in 12 appearances, so far. Only time will tell if he can climb this list. 20 20 18= Crystal Palace – Andros Townsend (£13m, July 2016) – Ranking not applicable – yet to play a minute for the Eagles having been signed this summer 9. Chelsea – Fernando Torres (£50m, January 2011) – Where to start with Torres? The Spaniard certainly didn’t look a £50m striker, but despite his lack of goals (he managed to score just 20 in 110 appearances), he had huge success during his time at Stamford Bridge. While there was no Premier League title, the former Liverpool striker helped Chelsea to an FA Cup win, along with Champions League and Europa League glory. 18= Watford – Isaac Success (£12.5m, July 2016) – check out every Premier League club’s ranking based on their record signing by clicking the arrow above, right – Ranking not applicable – yet to play a minute for the Hornets having been signed this summer 20 11. Hull City – Abel Hernandez (£10m, September 2014) – Hernandez has now spent two seasons with the Tigers, experiencing both relegation from and promotion to the Premier League during this time. He struggled in his debut campaign in the top flight, but hit back, scoring 21 goals in the Championship the following season to help fire his side to victory in the play-offs. It could, however, be a tough term for the striker from August. 7. West Brom – Salomon Rondon (£12m, August 2015) – Rondon moved to the Hawthorns last summer and has proved to be an excellent acquisition for the Baggies. For a debut Premier League campaign, the forward has adapted well to the intensity, and finished the season with nine goals to his name. With little service, this isn’t a bad figure. He’ll be looking to improve further in the new campaign. 15. Liverpool – Andy Carroll (£35m, January 2011) – A sum total of 11 goals in 58 appearances during his year-and-a-half spell at Anfield tell the tale following his record-breaking move in 2011. Carroll had scored 11 in the Premier League alone for Newcastle in the 19 games he played in the 2011/12 season before switching to the Reds. His best moment for the club was a match-winning goal against Everton in the 2012 FA Cup semi-final, while he also scored as they lost the final to Chelsea. 20 10. Manchester United – Angel Di Maria (£59.7m, August 2014) – Di Maria was one of Louis van Gaal’s most exciting transfers – or so we thought. The Argentina international got life at Old Trafford off to a bright start, but his form took a quick nose-dive as reports claimed he didn’t see eye to eye with his Dutch manager. His lob against Leicester City, however, won’t be forgotten. 2. Swansea City – Wilfried Bony (£12m, July 2013) – In 54 appearances, the Ivory Coast international scored 24 goals for the Swans, and it was little wonder the lure of Champions League football in Manchester proved too difficult to turn down. While his time at Manchester City has been difficult so far, spending more minutes on the bench than on the pitch, he is fondly remembered by the Liberty Stadium faithful. They’ve certainly missed the centre forward. 5. Everton – Romelu Lukaku (£28m, July 2014) – There were a fair few raised eyebrows when the Toffees agreed to pay Chelsea £28m for the signature of Lukaku, despite his impressive form on loan at Goodison Park the previous campaign. His tally of 10 goals in his first season left much to be desired, but last term there was much praise for the centre forward, who scored 18 and registered six assists. Should he continue to hit the back of the net, Everton are in with a chance of making a profit on the Belgian. 20 20 20 20 4. Burnley – Andre Gray (£9m, August 2015) – Gray joined Burnley last August for a record £9m – and what a signing he has proved to be. His 23 goals fired his side to title-glory in the Championship, sealing a return to the Premier League. He looks a bargain at the fee paid and if the 25-year-old’s form continues in the top flight, he could be difficult to keep hold of. 14. Sunderland – Asamoah Gyan (£13m, August 2010) – Signed off the back of the 2010 World Cup in South Africa, Gyan didn’t actually do too badly in his solitary campaign for the Black Cats, scoring 11 goals in 37 matches. Unfortunately, he left on loan the next September when Al Ain reportedly offered him four-times his salary, while handing the Black Cats a £6m fee. 12. Stoke City – Giannelli Imbula (£18.3m, February 2016) – Hailed as the ‘next Claude Makelele’, there are high hopes over Imbula’s potential at the Britannia Stadium. He has got off to a good start, showing glimpses of his capability, but having made only 14 appearances for the Potters since joining on deadline day in the January transfer window, it is too early to fairly judge the midfielder. 20 3. Arsenal – Mesut Ozil (£42.4m, September 2013) – Ozil has taken little time to settle in north London, perfectly suited to Arsenal’s style of play. The German almost broke Thierry Henry’s all-time Premier League assist record of 20, registering 19 last season. What holds Ozil back from top spot, however, is that he hasn’t inspired the Gunners to a Premier League title or improved their reputation in Europe. 18= Leicester City – Nampalys Mendy (£13m, July 2016) – Ranking not applicable – yet to play a minute for the Foxes having been signed this summer As more and more money gets pumped into the Premier League, with each transfer window there’s a chance financial records will be broken.Crystal Palace, Watford and Leicester City have already done that this summer, making history with their latest signings, and others could follow suit over the next two months.So, this has got talkSPORT thinking about which clubs from England’s top flight deserve praise for the biggest transfer deal in their history?With this question in mind, we’ve ranked every Premier League club based on their record signing, from the worst deals to the best – view the slideshow above to find out where your club ranks. 6. Tottenham – Erik Lamela (£30m, August 2013) – Lamela moved to White Hart Lane in the summer of 2013, and it’s safe to say he didn’t settle straight away. The Argentine struggled with injuries in his debut campaign, starting only three games in the Premier League, and failed for consistency thereafter. Last season, however, was a different story. Mauricio Pochettino seems to be getting the best out of the forward. 20 20 8. West Ham – Andy Carroll (£15m, May 2013) – His record move to Liverpool didn’t work out and Carroll attempted to reignite his career at Upton Park. He looks far more at ease with the Hammers but, frustratingly for the club, injury has seen him struggle for a run of games. When he is fit, however, many a defence has been humiliated by the 27-year-old. 20 20 20 16. Southampton – Dani Osvaldo (£14.6m, August 2013) – After the end of his spell with the Saints, Osvaldo freely admitted he’d failed to adapt. He blamed the physicality for this, despite the fact he was happy enough to have a training ground fight with Jose Fonte. He did, though, score an excellent lob against Manchester City – the last of his three Premier League goals. 20 17. Middlesbrough – Afonso Alves (£12.5m, January 2008) – Signed for a huge sum back in January 2008, the Brazilian star never lived up to his price tag. Six goals in 11 Premier League appearances saw him show early promise, but just four in 34 during the 2008/09 season resulted in him being shipped off to Al Sadd in Qatar for £7m in September 2009. 20 20 20last_img read more

Pick up your favourite brands at Watson Menswear’s summer sale extravaganza

first_imgWatson Menswear in Letterkenny have launched an unmissable summer sale and have school uniforms stocked ahead of the back-to-school rush.Prices have been slashed for the summer sale, and you can pick up:Ladies Superdry clothing reduced to half price, mish mash polos and shirts now half price, duck and cover clothing now half price and a selection of shirts – all half price. Suits are also reduced to half price, as well as kids clothing!You can pick up two pairs of high-quality jeans for €60, three shirts for €50, and two polo shirts for just €40.They also have everything that you will need to tick off your back-to-school checklist! Uniforms for Mulroy College, St. Eunan’s College, and Errigal College are stocked, with Irish made Deer Park Knitwear and 1880 Club Trousers and a large range of school footwear and crested jackets also in store.Pop in on Monday, Tuesday, Wednesday and Saturday between 9am and 6pm, or Thursday and Friday between 9am and 8pm, or Sunday between 1pm and 6pm to see what they have on offer!Pick up your favourite brands at Watson Menswear’s summer sale extravaganza was last modified: August 11th, 2017 by Elaine McCalligShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:school informssummer saleWatson Menswearlast_img read more

LETTERKENNY MAN CAUGHT WITH COCAINE HAUL AT FATHER’S HOME

first_imgA 28 year old Letterkenny man was caught with €1,600 of cocaine when Gardai raided his father’s home.Ronan McBride appeared at Letterkenny District Court this morning and pleaded guilty to the possession of the drugs.The court was told that officers from the Garda Drugs Squad called to the address at 10 Kilbracken, Gortlee but there was nobody there. They entered the premises and while searching it, McBride returned.As the searched progressed they uncovered two mobile phones and also a quantity of cocaine in various bags in McBride’s jacket which was hanging on the bannisters of the stairs.Solicitor Frank Dorrian said the man’s father was well-known and respected in the community and did not know of his son’s use of drugs.The court was told McBride had an Honours Degree in Journalism and now had a four year old child.He said his client had no intention of selling the cocaine but had planned to give it to his friends.He had bought such a large quantity of the drug because he felt it was more dangerous to but it in smaller amounts.The court was told his actions had been most unhelpful to his family’s reputation.McBride had attended Whiteoaks Treatment Centre for an addiction to alcohol and was now attending Northlands in Derry.Judge Paul Kelly said he was adjourning the case until March 25th to see how McBride’s treatment progresses.LETTERKENNY MAN CAUGHT WITH COCAINE HAUL AT FATHER’S HOME was last modified: January 21st, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:cocaineletterkennyRonan McBridelast_img read more

‘Next year could be a big one for Liverpool’, Reds legend Rush tells talkSPORT

first_imgIan Rush believes Liverpool could be set for major success under Jurgen Klopp in 2017/18.This season has been a mixed one for the Merseysiders.After a promising start, their form dipped alarmingly at the turn of the year and ended any hopes of silverware.But they have picked up over the past two months – losing just one of their last nine games – and Monday’s win over Watford has strengthened their grip on a top four spot.And, with Champions League qualification looking likely, Rush is predicting good things for his old club next term.Speaking exclusively to the Alan Brazil Sports Breakfast, the Reds legend said: “If you get in the Champions League, you do attract the European players.“Next year could be a big year for Liverpool.“They are going to have a good pre-season, which is what Jurgen Klopp wants, and if they keep the players fit and he gets the players he wants in, we are looking upwards.“The first step is to get in the Champions League and the next step is to take it further.”Listen to talkSPORT’s interview with Ian Rush IN FULL above!last_img read more

Stephen Curry’s media company to help produce film on Charleston church shooting

first_imgEven as he plays some of the most spectacular basketball of his life, Stephen Curry continues to send the message that there is more to life than fun and games.On Thursday, Curry’s Unanimous Media joined JuVee Productions, a Los Angeles-based production company, as co-executive producers for the upcoming documentary “Emanuel,” which tells the story of the deadly 2015 Charleston church shooting.Nine African-American churchgoers attending a Bible study class were shot dead in a Charleston, S.C. …last_img

The Annual Report on South Africa’s 50 Most Valuable Brands

first_imgBrandFinance® South Africa Top 50Top 50 brands are a catalyst for South Africa’s growth and a winning nationThebe Ikalafeng, Chairman – Brand Finance Africa; Founder, Brand Africa & Brand Leadership GroupDespite another year of difficult global trading conditions, the total brand value of the BrandFinanace South Africa Top 50 brands increased 18% from R343bn from 2013’s value of R291bn. Surprisingly though, the Top 10 brands have only grown at 14% against the 22% of the bottom 40 brands, indicating the momentum is with the smaller players. These top 10 brands account for 52% of total brand value amongst the Top 50 with MTN accounting for a massive 16.5% of total brand value.By sector, there are 13 financial services brands (banks and insurance) in the Top 50 generating R89bn (26%) of value, followed by 5 telecom brands generating 25% of value and 16 food and beverage brands generating 22.6%.Among the BrandAfrica 100 Most Valuable Brands in Africa, South Africa leads Africa with a 72% share, compared to Nigeria at 26% and Kenya at 2%. MTN tops the table in Africa too.In the category of South Africa’s Strongest Brand, MTN and FNB are both rated as this year’s strongest brands – this is the third year running that FNB have achieved this ranking. In the year that South Africa lost it’s founding democratic President and Most Valuable Icon, Nelson Mandela, it’s interesting to note that the underlying core values of these brands closely follow those of Madiba’s. It’s no surprise then that these brands resonate with South African consumers where others battle.It also comes as no surprise that more than half of the brands have a significant presence beyond South African borders. While Nigeria has the highest GDP in the continent, South Africa dominates the branding landscape across Africa – with 80% of the Top 50 all essential staples in a continent that is turning the corner from being a consumer to becoming a creator. It is estimated that if intra-Africa trade is increased by 1%, it will generate $50bn in revenues. With its experience in building and creating portfolios of world-class brands, South Africa is in a good position to play a leading role in that African renaissance.The brands of a nation are not only a vector of its image, but a catalyst of its wealth too. There is empirical evidence that the value of the brands with the top nations has an almost direct correlation with their GDP.That South Africa is not among the six African nations in the Top 10 fastest growing economies globally (Economist) and not one of the three African frontier markets that are recognized to offer high returns and improving economic institution (Botswana (#2), Rwanda (#5) and Ghana (#10)) (Foreign Policy Magazine’s Baseline Profitability Index) is a challenge that South Africa needs to address if it is to remain the most admired African nation, and competitive with fellow African and BRICS nations.A thriving ‘Made in South Africa’ and entrepreneurship spirit are what built South Africa’s wealth, reputation and competitiveness – and the BrandFinance South Africa Top 50 brands. For Africa and certainly for South Africa to grow independent, create jobs and reduce inequality, it will need to invest in the attributes that built these brands – on top of increasing intra-Africa trade – to challenge global brands in Africa.The pan-African dominance, global reputation and success of the Top 50 shows that South Africa has the creativity, skill and experience to continue building great brands and a great, growing nation. Top 50 brands are a catalyst of South Africa’s growth and a winning nation – and Africa.Top 50 Most Valuable brandsRank 2014Rank 2013BrandParent CompanyIndustry Group11MTNMTN Group LtdTelecommunications23SASOLSasol LtdChemicals32VodacomVodacom Group LtdTelecommunications44Standard BankStandard Bank Group LtdBanks55ABSABarclays Africa Group LtdBanks66NedbankNedbank Group LtdBanks78First National BankFirstRand LtdBanks810MediclinicMediclinic International LtdHealthcare-Services918InvestecInvestec LtdDiversified Finan Serv107WoolworthsWoolworths Holdings LtdRetail119ShopriteShoprite Holdings LtdRetail – Food Specialists1217MultiChoiceNaspers LtdMedia1314NetcareNetcare LtdHealthcare-Services1411SparSpar Group Limited/TheFood1513MondiMondi LtdForest Products&Paper1615*CastleSABMiller PlcBeverages1712Pick’n PayPick n Pay Stores LtdRetail1819*Carling Black LabelSABMiller PlcBeverages1920TelkomTelkom Sa LtdTelecommunications2022SappiSappi LimitedForest Products&Paper2116SanlamSanlam LtdInsurance2226*Hansa PilsenerSABMiller PlcBeverages2321Mr PriceMr Price Group LtdRetail2428DiscoveryDiscovery LtdInsurance2524*GrindrodGrindrod LtdTransportation2631WesbankFirstRand LtdBanks2723TruworthsTruworths International LtdRetail2825Media24Naspers LtdMedia2929African BankAfrican Bank Investments LtdDiversified Finan Serv3032BidvestBidvest Group LtdHolding Companies-Divers3134SABMillerSabmiller PlcBeverages3230MakroMassmart Holdings LtdRetail3335CLICKSClicks Group LtdRetail-Drug Store3433LibertyLiberty Holdings LtdInsurance3536*HulettsTongaat Hulett LtdHolding Companies-Divers3644Rainbow ChickenRainbow Chicken LtdFood3740AltechAllied Technologies LtdTelecommunications3839CheckersShoprite Holdings LtdRetail – Food Specialists3943LifeLife Healthcare GroupHealthcare-Services4037NampakNampak LtdPackaging&Containers4149SteinhoffSteinhoff Intl Holdings LtdHolding Companies-Divers4245*Capitec BankCapitec Bank Holdings LtdDiversified Finan Serv4338SAASouth African AirwaysAirlines4447Rand Merchant BankFirstRand LtdBanks4548ImperialImperial Holdings LtdHolding Companies-Divers4641GameMassmart Holdings LtdRetail47Cell COger TelecomTelecommunications4842SantamSantam LtdInsurance4952FoschiniThe Foschini Group LtdRetail5046SaskoPioneer Foods LtdFood ServiceFor the full details in the table above, download the Top 50 in PDF format.Methodology Definition of ‘brand’Financial accounting and reporting standards requires a clear definition of what intellectual property is included in the definition of ‘brand’. Brand Finance defines brand as the “Trademark and associated IP including the word mark and trademark iconography”. Royalty relief Brand Finance calculates brand value using the Royalty Relief approach. This approach involves estimating the likely future sales that are attributable to a brand and calculating a royalty rate that would be charged for the use of the brand. The steps in this process are as follows:Calculate brand strength on a scale of 0 to 100 based on a number of attributes such as emotional connection, financial performance and sustainability, among others. This score is known as the Brand Strength Index.Determine the royalty rate range for the respective brand sectors. This is done by reviewing comparable licensing agreements sourced from Brand Finance’s extensive database of license agreements and other online databases.Calculate royalty rate. The brand strength score is applied to the royalty rate range to arrive at a royalty rate. For example, if the royalty rate range in a brand’s sector is 1-5% and a brand has a brand strength score of 80 out of 100, then an appropriate royalty rate for the use of this brand in the given sector will be 4.2%.Determine brand specific revenues estimating a proportion of parent company revenues attributable to specific brand.Determine forecast brand specific revenues using a function of historic revenues, equity analyst forecasts and economic growth rates.Apply the royalty rate to the forecast revenues to derive brand revenues.Brand revenues are discounted post tax to a net present value which equals the brand value.Why we use the royalty relief approachThe Royalty Relief approach is used for three reasons:It is favoured by tax authorities and the courts because it calculates brand values by reference to documented third-party transactionsIt can be done based on publicly available financial informationIt is compliant with the requirement under the International Valuation Standards Authority to determine the fair market value of brandsBrand RatingsThese are derived from the Brand Strength Index which benchmarks the strength, risk and future potential of a brand relative to its competitors on a scale ranging from D to AAA. It is conceptually similar to a credit rating.AAA+                    – extremely strongAA                         – very strongA                            – strongBBB – B                 – averageCCC – C                – weakDDD – D                – failingValuation DateAll brand values in the report are for the year ending 30 June 2014.Contact DetailsDavid HaighBrand Finance CEOdavid.haigh@brandfinance.comThebe IkalafengChairman, Brand Finance Africa+27 82 447 9130t.ikalafeng@brandfinance.comOliver SchmitzManaging Director Africa+27 82 087 0507; +267 72 984 351o.schmitz@brandfinance.comRupert KempValuation director+27 72 459 1743r.kemp@brandfinance.comAbout Brand FinanceBrand Finance plc, the world’s leading brand valuation consultancy, advises strongly branded organisations on maximising their brand value through effective management of their brands and intangible assets.  Founded in 1996, Brand Finance has performed thousands of branded business, brand and intangible asset valuations worth trillions of dollars.Its clients include international brand owners, tax authorities, Intellectual Property lawyers and investment banks. Its work is frequently peer-reviewed by the big four audit practices and its reports have been accepted by various regulatory bodies, including the UK Takeover Panel.Brand Finance is headquartered in London and has a network of international offices in Cape Town, Durban, Johannesburg, Amsterdam, Athens, Bangalore, Barcelona, Colombo, Dubai, Geneva, Helsinki, Hong Kong, Istanbul, Lisbon, Madrid, Moscow, New York, Paris, Sao Paulo, Sydney, Singapore, Toronto and Zagreb.Valuation | Analytics | Strategy | Transactions{loadposition press_release}last_img read more

A Conversation with Lucian Read, Cinematographer of America Divided

first_imgWe had the opportunity to chat with cinematographer Lucian Read about his work on the EPIX show, America Divided, plus his thoughts on what makes a great cinematographer and how to approach story as a DP.PremiumBeat: Can you tell us a little bit about your career path and how it led to filming America Divided?Lucian Read: I didn’t go to film school. I didn’t go the AC route or was mentored. The truth is, the first time I crossed the line with the camera I jumped in head first. I took an editing class because I wanted to know what I needed to bring back to make the edit. I knew I needed to make post easier.I actually started out as an journalist, that is my training. I started back in 2002. I was doing newspaper work every day for a couple of years, and then I went on tour with the Marine battalion in 2004. I began working in Afghanistan for the better part of the next seven years. I did a dozen or so long-form reports for a period primarily in Afghanistan and few other places as well. I was not trained as a television producer or a cinematographer, but through that experience I had my transition from field/stills into motion. From that program I went on to be hired for a documentary series called Years of Living Dangerously. It was on Showtime for the first series and recently had its second series on National Geographic. It was on that show I did producing work primarily in the Middle East, but I was also essentially the in-house director of photography. That was the first season that I worked on with nine one-hour episodes. I shot portions of all of those hours all over the world – all over the country – and so that was really the kind of transition from the single-camera shooter producer-type of work that I was doing for the newsmagazine into [working with] a much larger crew, multiple-camera interviews, and large production. […] Out of that experience myself and a couple of the other people formed our own production company and developed the America Divided series.PB: Which camera and lens format did you shoot the series on? LR: We shot on the Canon C300 Mark II. At times we would have three to four cameras rolling for coverage during an interview. Our lenses would vary between Canon Cinema Primes, a 70-200 or the Canon Cinema 30-300.  PB: One thing I really enjoyed is that you go right into the conflict. Sometimes people get afraid about conflict, but that’s what makes good content. How do you approach it? LR: You should be afraid of conflict. You should think about how [you] want to tell the story beyond just what you get on the surface. I certainly knew that my news documentary conflict background means I am willing to suffer a bit to get the image I want. You should think through every situation and think what are the best ways of doing it. Do I want to do it up close? Do I want to do it at a distance? Do I want to come in here on a gimbal, do I want to come in here on sticks? What is the frame rate I want? Everything should be a decision. There should be a creative process going on even in situations where you might think that just the kinetics of the scene are all you need. Obviously the best people enter into every cinematographic problem and think [it] has many solutions and then [decide] on one.PB: In the landscape of today’s society do you feel that documentarians have a greater responsibility than ever before to tell stories? LR: Yes. It’s tricky right? Yes, there [has never been] as much of a moment in the country’s history since the invention of documentary photography. There are issues and problems that need to be looked at. There are more and more stories that need to be told. We’re definitely entering into a time when more and more people have a seat at the table in our culture, in our politics, and in our society, and their stories need to be told. I’m increasingly of the opinion that their stories need to be told by film. I think it is always important […] for your producers, your crews, and everybody involved to be close to those communities in some way. You tell a better story working with the communities and having people that you work with be close to those communities. There’s more and more people at the table who deserve to have an equal voice. But I would say the problem is that there is so much content now that it makes it increasingly difficult just to get it in front of people because there’s so many choices. You struggle to have impact.A solution we came to with America Divided was, let’s make a series that really tries to get to the heart of a lot of these issues, but let’s also include activists and the organizations that are fighting on these. They’re working to improve the situation [so] get them into the series, let’s realize their work. Even if you’re not getting a particular film out to a gigantic audience, you’re creating something that is of use to people whose work you’re holding up anyway. So they can take that, they can take those stories and in a bit more narrow fashions use them to support themselves in private and use them for recruitment and so on. What I’m trying to accomplish here is, how can I make the world a better place in terms of this one issue.Want more interviews on filmmaking? 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