Musk's Starlink Eyes 2 Billion Rand South Africa Investment
The internet services company will channel that investment into infrastructure to support the Southern African Development Community made up of 16 countries, the Johannesburg-based newspaper said. Starlink told the South African government it will use local firms to build its infrastructure and lease land, fiber, energy as well as for security and maintenance support.
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3 Asian Dividend Stocks Yielding Up To 5.7%
As global markets navigate the complexities of inflation and trade tensions, Asian indices have shown resilience with notable gains in Japan and China, driven by positive economic data and easing trade concerns. In this dynamic environment, dividend stocks can offer a stable income stream, making them an attractive option for investors seeking reliable returns amid market fluctuations. Top 10 Dividend Stocks In Asia Name Dividend Yield Dividend Rating Wuliangye YibinLtd (SZSE:000858) 5.09% ★★★★★★ Tsubakimoto Chain (TSE:6371) 3.73% ★★★★★★ Torigoe (TSE:2009) 4.61% ★★★★★★ NCD (TSE:4783) 4.62% ★★★★★★ Japan Excellent (TSE:8987) 3.94% ★★★★★★ HUAYU Automotive Systems (SHSE:600741) 4.43% ★★★★★★ Guangxi LiuYao Group (SHSE:603368) 4.06% ★★★★★★ GakkyushaLtd (TSE:9769) 4.41% ★★★★★★ DoshishaLtd (TSE:7483) 3.79% ★★★★★★ CAC Holdings (TSE:4725) 4.68% ★★★★★★ Click here to see the full list of 1068 stocks from our Top Asian Dividend Stocks screener. Let's uncover some gems from our specialized screener. Xtep International Holdings Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Xtep International Holdings Limited, with a market cap of HK$17.07 billion, designs, develops, manufactures, markets, and sells sports footwear, apparel, and accessories for adults and children in Mainland China. Operations: Xtep International Holdings Limited generates revenue through the design, development, manufacturing, marketing, and sale of sports footwear, apparel, and accessories for both adults and children in Mainland China. Dividend Yield: 3.9% Xtep International Holdings offers a mixed picture for dividend investors. The company has recently announced an interim dividend of HKD 0.18 per share, reflecting its commitment to returning value to shareholders. Despite a low payout ratio of 43.9%, indicating dividends are well-covered by earnings, the dividend track record is unstable with past volatility and below-market yield at 3.9%. Earnings growth of 21.8% in the past year supports potential future payouts but requires cautious optimism given historical inconsistencies in dividend reliability. Dive into the specifics of Xtep International Holdings here with our thorough dividend report. Our comprehensive valuation report raises the possibility that Xtep International Holdings is priced higher than what may be justified by its financials. SINOPEC Engineering (Group) Simply Wall St Dividend Rating: ★★★★☆☆ Overview: SINOPEC Engineering (Group) Co., Ltd. offers engineering, procurement, and construction (EPC) contracting services in China, Saudi Arabia, Kuwait, and other international markets with a market capitalization of approximately HK$29.84 billion. Operations: SINOPEC Engineering (Group) Co., Ltd. generates its revenue through engineering, procurement, and construction contracting services across various regions including China, Saudi Arabia, and Kuwait. Dividend Yield: 5.7% SINOPEC Engineering (Group) offers a complex outlook for dividend investors. While the company's dividend yield of 5.73% is below the top quartile in Hong Kong, dividends are well-covered by earnings and cash flows with payout ratios of 61.7% and 31.9%, respectively. However, past volatility raises concerns about reliability despite recent increases in payouts, such as the interim RMB 0.16 per share dividend announced for mid-2025. The ongoing share buyback could enhance shareholder value by increasing net asset value per share and earnings per share. Take a closer look at SINOPEC Engineering (Group)'s potential here in our dividend report. Our valuation report here indicates SINOPEC Engineering (Group) may be overvalued. 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Get an in-depth perspective on Oriental Consultants Holdings' performance by reading our dividend report here. Our expertly prepared valuation report Oriental Consultants Holdings implies its share price may be too high. Seize The Opportunity Reveal the 1068 hidden gems among our Top Asian Dividend Stocks screener with a single click here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Curious About Other Options? Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:1368 SEHK:2386 and TSE:2498. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
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9 minutes ago
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Credit Connect: Request for Expressions of Interest - A$300 Million Debenture Issuance Programme
GOLD COAST, Australia, Aug. 20, 2025 /PRNewswire/ -- Australian based fund manager Credit Connect Group (CCG), through its subsidiary the Credit Connect Debt Issuance Fund Pty Ltd (Issuer), now invites expressions of interest from eligible offshore institutional and professional investors for the subscription of unsecured notes (Notes) under its A$300 million Debenture Issuance Programme. Key Terms Issuer: Credit Connect Debt Issuance Fund Pty Ltd (ACN 689 944 296) Manager/Dealer: Credit Connect Capital Limited (ACN 104 081 192) Programme Amount: Up to A$300 million, issued in multiple Series Minimum Subscription: A$1 million per Series Term: Typically 12 months per Series (may be rolled or extended) Target Rate: 9 – 10% p.a., paid monthly in arrears Security: Each Series linked to a specific Credit Connect Fund, which invests in short-to-medium term, first mortgage–secured loans over Australian real estate Transparency: All Loans are financed individually allowing due diligence to be undertaken. The Programme is managed and arranged by Credit Connect Capital Limited (Dealer and Manager) and is open exclusively to investors who qualify as 'wholesale investors' under the Corporations Act 2001 (Cth). A Discussion Paper and Information Memorandum (IM) will be provided upon request. Founded in 2006, CCG is a leading Australian mortgage management company and private credit platform specialising in first mortgage–secured lending to the Australian commercial real estate (CRE) market. CCG connects approved borrowers seeking fast, flexible short-to-medium term loans with accredited investors seeking stable, income-focused investments backed by Australian real estate. Over A$1 billion in loans originated since inception Loan sizes from A$1 million to A$80 million Over 50 years combined management experience CCG offers loans to borrowers for a range of purposes, including commercial, industrial, residential, and development projects, as well as refurbishment, land acquisition, pre-construction activities, property amalgamation, and the acquisition of completed assets. The Notes are intended to be issued in a manner that satisfies the "public offer" test in section 128F of the Income Tax Assessment Act 1936 (Cth), enabling eligible non-resident investors to receive interest payments free from Australian interest withholding tax. Investors will be required to provide customary representations confirming their eligibility. Media Contact: Peter Benson CEO Credit Connect GroupContact Number: +61 7 5593 1300Email: peter@ Disclaimer: This announcement and the offering of the Notes may be restricted by law in certain jurisdictions. It does not constitute an offer, invitation, or solicitation to any person in any jurisdiction where such an offer or solicitation would be unlawful. This notice is not a prospectus or disclosure document and has not been lodged with the Australian Securities & Investments Commission. The Offer is only available to investors who are "wholesale clients" as defined under the Corporations Act 2001 (Cth). The Notes have not been, and will not be, registered under the US Securities Act of 1933, as amended, or with any US state securities regulator. They may not be offered or sold in the United States or to, or for the account or benefit of, US persons except in compliance with Regulation S or pursuant to an available exemption. View original content: SOURCE Credit Connect Group Pty Ltd Sign in to access your portfolio
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Why does Starship keep exploding? SpaceX report sheds light on 2 recent mishaps
Following a successful year for Starship in 2024, SpaceX has endured a series of relative disappointments for the world's largest rocket in 2025. Starship's first three test flights of the year, from January through May, all ended with the spacecraft exploding in dramatic fashion while traveling through the air. Those setbacks were followed in June by the fiery destruction of another Starship vehicle as the commercial rocket company founded by billionaire Elon Musk readied it for ground testing at its South Texas facility. These failures followed on the heels of a year of firsts, when SpaceX launched Starship four times and achieved new milestones each flight. These accomplishments included flying three consecutive times halfway around the world before splashing down as planned in the Indian Ocean, and, in October, the first of three successful returns of the Super Heavy rocket booster to the launch pad. But what might appear as letdowns are still learning experiences that SpaceX has long insisted can provide data on how to improve a spacecraft that will have a crucial role in the future of U.S. spaceflight. Still, that doesn't mean SpaceX isn't obligated to figure out what went wrong. "Every lesson learned, through both flight and ground testing, continues to feed directly into designs for the next generation of Starship and Super Heavy," SpaceX said in August on its website in revealing the findings of its investigations into the last two fiery mishaps. Here's everything to know about SpaceX's report on Starship "flight 9" on May 27 and the June 18 destruction of another upper stage vehicle, as well as how the company is making changes ahead of "flight 10." Commercial spaceflight: How Trump's commercial spaceflight executive order could benefit SpaceX, Elon Musk When is the next Starship launch? SpaceX plans to conduct the 10th flight test of its Starship spacecraft Sunday, Aug. 24, with a target liftoff time of 7:30 p.m. ET. SpaceX conducts Starship test flights from the company's Starbase headquarters in South Texas, located about 23 miles from Brownsville near the U.S.-Mexico border. Texas voters in Cameron County approved a measure in May for Starbase to become a city, complete with a mayor and a city council. What happened when Starship exploded? Starship's upcoming flight test was previously delayed June 18 when the Starship vehicle SpaceX assigned to the next flight, designated Ship 36, unexpectedly exploded while SpaceX was preparing it for launch. No one was hurt in the incident, which occurred as the Starship spacecraft was standing alone on the test stand being filled with cryogenic propellants for an engine test-firing prior to being mounted on top of the rocket booster. The mishap, which SpaceX later referred to on its website as "a sudden energetic event," completely destroyed the spacecraft and ignited several fires that caused damage in the area surrounding the test stand. The explosion was the latest fiery mishap SpaceX's Starship has encountered during – and, now, prior to – its flight tests in 2025. Starship's most recent demonstration came May 27 when the spacecraft spun out of control roughly halfway through its flight and disintegrated in a fireball. Though Starship was unable to achieve its most important objectives, the distance the vehicle traveled far surpassed the previous 2025 flights in January and March, when Starship exploded within minutes. Why does Starship keep exploding? SpaceX releases report SpaceX had previously released findings into the first two Starship explosions in January and March. Now, the company has unveiled the results of investigations for the two most recent mishaps, as required by the Federal Aviation Administration, which licenses commercial rocket launches. The May 27 mission got off to a positive start, with the successful first-ever launch of a rocket booster – known as Super Heavy – that had flown during a previous flight in January. Reusing a booster was an important milestone for SpaceX to demonstrate that the rocket can be flown multiple times. But rather than making a controlled splashdown as planned, the booster came apart in the air and plummeted into the Gulf of Mexico, which the U.S. government has renamed as the Gulf of America. SpaceX attributed the crash to a structural failure to the booster's fuel transfer tube, which resulted in methane and liquid oxygen mixing and igniting. The vehicle's upper stage – known simply as Starship, or Ship – managed to separate from the booster and fire its six Raptor engines to propel itself on a trajectory taking it into suborbital space as it soared around the world. But contact with Starship was lost approximately 46 minutes into the flight as it spun out of control and once again came apart over the Indian Ocean. SpaceX traced the failure to the main fuel tank pressurization system diffuser, located on the forward dome of Starship's primary methane tank. Other issues with the nosecone prevented Starship from deploying eight test Starlink satellites. As for the June explosion, SpaceX said it was caused by undetected damage to a high-pressure nitrogen storage tank inside Starship's payload bay section, called a composite overwrapped pressure vessel (COPV.) In a statement, the FAA said it "oversaw and accepted" SpaceX's findings and gave it the greenlight to proceed with its next Starship launch. "SpaceX identified corrective actions to prevent a reoccurrence of the event," the FAA said. What is Starship? SpaceX rocket to fly to moon, Mars But when it comes to Starship's development, SpaceX has become known for its risk-tolerant philosophy. Musk has stressed that rapid and frequent testing that sometimes leads to explosive ends can still provide data that helps engineers improve the vehicle's design. SpaceX is developing Starship to be a fully reusable transportation system, meaning both the rocket and vehicle can return to the ground for additional missions. In the years ahead, Starship is set to serve a pivotal role in future U.S. spaceflight. Starship is the centerpiece of Musk's vision of sending the first humans to Mars, and is also critical in NASA's plans to return astronauts to the moon's surface. But the next-generation spacecraft has yet to reach orbit on any of its nine uncrewed flight tests, which began in 2023. SpaceX received key regulatory approval earlier in 2025 to conduct up to 25 Starship tests a year, after which Musk took to social media in late May to proclaim that the vehicle's next three launches would occur much faster than normal – at a cadence of one "every 3 to 4 weeks." How big is Starship? The Starship, standing nearly 400 feet tall when fully stacked, is regarded as the world's largest and most powerful launch vehicle ever developed. When fully integrated, the launch system is composed of both a 232-foot Super Heavy rocket and the 171-foot upper stage Starship itself, the spacecraft where crew and cargo would ride. That size makes Starship large enough to tower over SpaceX's famous 230-foot-tall Falcon 9 – one of the world's most active rockets. Super Heavy alone is powered by 33 of SpaceX's Raptor engines that give the initial burst of thrust at liftoff. The upper stage Starship section is powered by six Raptor engines that will ultimately travel in orbit. Eric Lagatta is the Space Connect reporter for the USA TODAY Network. Reach him at elagatta@ This article originally appeared on USA TODAY: SpaceX reveals why Starship exploded last 2 times ahead of flight 10
