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TimesLIVE
5 days ago
- Sport
- TimesLIVE
Safa has an opening for a technical director
TL homepage teaser until 11am on June 6; TL > ST > Business until same time on June 11. The South African Football Association (Safa), SA's football governing body and a member of the world football governing body Fifa, is committed to the creation of a nonracial, nonsexist and nondiscriminatory world football arena and subscribes to 'fair play'. Safa , an equal opportunities employer that takes pride in its human resources, has an opening for a: Technical director Reports to: CEO Employment term: Four-year fixed-term contract Location: SAFA House, Nasrec, Johannesburg Remuneration: R729,592 to R839,031 (total cost to company) Job Purpose: The technical director is required to define and lead the National Technical Programme under the authority of Safa and in compliance with the association's aims, objectives and values. Minimum requirements and experience: Hold a minimum of CAF A License. Degree or diploma. Minimum of three years' experience working with youth and also at the highest level. Minimum of three years' experience as coach, technical director or sport manager. Other requirements and experience: Valid driver's licence. Wide knowledge of football in SA and expertise in football education. Former player experience would be an added advantage. Experience as a coach/instructor (coach educator). Credibility and recognition among the South African football fraternity. Experience in managing staff to ensure co-operation, work allocation and discipline. Responsibilities and accountabilities: Leading and being involved in the long-term development plan and strategies. Develop and implement a clear and thorough technical development plan with a technical chart aimed at continually promoting and improving the game of football in SA at all levels, from grassroots to elite football, including youth football, women's football, futsal, and coaching. Advise Safa on all matters related to the effective development of football in SA and be accountable for the development of a strategy and policy for the performance of football programmes. Maintain a close and harmonious working relationship with the Council of Southern Africa Football Associations (Cosafa), Confederation of African Football (Caf), Fifa and other major stakeholders, including the government of SA. Define and direct the National Technical Programme and football philosophy. Recruit staff members in their departments. Ensure that the technical department is appropriately staffed with suitably qualified individuals who are capable of implementing the agreed programmes, thereby ensuring the growth and success of football at all levels. To be responsible for all administrative activities relating to coaching. To direct and supervise the duties of subordinate staff and to provide development feedback to them. Develop football programmes for youth in schools and football academies. Promote and implement youth competitions for boys and girls. Promote and expand general football activities at all levels from grassroots to elite, boys/girls/men/women. Introduce, define and supervise coach licensing programmes. Create/develop D License to A License for coaches in the country — aligned to Caf Convention. Organise and define refresher coaching courses and tailored seminars for licensed coaches and licensed referees. Maintain database of all coaching licence holders. Maintain database of all referee licence holders. Responsible for the recruitment and education of coaches, referees and instructors. Develop a blueprint/master plan for football techniques and coaching approach in SA together with the national coaches. Produce teaching material for coach education activities. Involvement in club competition rules (foreign players, young players, and so on). Develop guidelines and regulations for talent scouting and identification system programmes. Hold regular meetings and maintain contact with club coaches. Co-ordinate and supervise youth and women's national team programmes and activities. Organise assessment workshops after any international competitions and produce a report on the findings, learning and proposed improvements. Organise seminars on a specific topic and set up a documentation centre and audiovisual services. To develop and maintain contacts with the confederation's coach education department to co-ordinate, implement, monitor and provide feedback on all matters on coach education. Conduct an annual due diligence study regarding the status quo by making onsite visits to assess the structure, level of activity, and licensed coaches, as well as coach education programmes, including the quantity and quality of coaches and coach instructors, throughout the country. And, to provide recommendations and development proposals based on the findings. Do an annual due diligence study regarding the status quo by making onsite visits to assess the structure, level of activity of licensed referees, referees' education programmes, including the quantity and quality of referees and referee instructors, throughout the country. And to provide recommendations and development proposals based on the findings. Job specification competencies and knowledge: Ability to plan, implement, and follow up projects and programmes. Willingness to work irregular hours and travel extensively. Previous experience of working in a multi-stakeholder sports environment and be comfortable managing the differing tensions that may prevail. Good organisational, management and analytical skills and be an independent thinker. Presentation skills. Ability to manage and supervise projects. Ability to plan and prioritise, take the initiative and work under pressure and a tight deadline. Ability to network, relate to, and influence a wide variety of stakeholders. An international outlook — with multicultural familiarisation and sensitivity. Ability to listen, advise, and guide using football experience. Commitment to continuous personal and organisational improvement. Applications: Closing date: June 13 2025 Note:
Gulf Today
03-06-2025
- Business
- Gulf Today
United Arab Bank launches strategic Rights Issue to raise up to Dhs 1.03 billion
United Arab Bank PJSC (UAB), listed on the Abu Dhabi Securities Exchange (ADX) announced that it proposes to increase its issued share capital by an amount up to Dhs1,031,275,325 (one billion thirty-one million two hundred seventy-five thousand three hundred twenty-five dirhams) from Dhs2,062,550,649 (two billion sixty-two million five hundred fifty thousand six hundred forty-nine dirhams) up to Dhs3,093,825,974 (three billion ninety-three million eight hundred twenty-five thousand nine hundred seventy-four dirhams) by way of the Rights Issue offered to the existing shareholders of the Bank. Further, United Arab Bank has published an invitation to its shareholders (the "Invitation") to subscribe for New Shares. Frequently asked questions relating to the Rights Issue will be made available on UAB's website ( on or around today's date. The New Shares will be issued at an issue price of Dhs1 per New Share (the "Issue Price"). The terms and launch of the Rights Issue were approved by the UAB's General Assembly Meeting held on 6th March 2025, following the approval of the Board of Directors of the Bank held on 4th February 2025. The necessary regulatory approvals have been obtained for this transaction. United Arab Bank intends to use the net proceeds raised from the Rights Issue to strengthen its capital base and to support future growth of the business of United Arab Bank. The holders of Rights, which includes shareholders of United Arab Bank and any persons who purchased Rights during the Rights Trading Period (the "Eligible Persons"), will be entitled to exercise their Rights to subscribe for New Shares at the Issue Price commencing on 4th July 2025 and ending on 17th July 2025. The New Shares will be allocated to Eligible Persons on 24 July 2025. Refunds will be given to Eligible Persons, who did not receive the number of New Shares that they subscribed for, on or around 24th July 2025. Commenting on the announcement, Shirish Bhide, CEO of United Arab Bank, said, "The Rights Issue represents a significant milestone in the Bank's journey towards its next phase of growth. It is an important step in strengthening United Arab Bank's capital position and reinforces our long-term commitment to sustainable growth. The additional capital will support the implementation of our growth strategy, enhance our financial resilience, and create long-term value for our shareholders while continuing to serve the UAE economy and contribute to its development agenda.' First Abu Dhabi Bank PJSC has been appointed as Lead Manager and Bookrunner in respect of the Rights Issue and Al Tamimi & Co. have been appointed as Legal Adviser. WAM
Time of India
20-05-2025
- Business
- Time of India
United Spirits Q4 Results: Profit rises 17% on Andhra boost, premium growth
United Spirits Ltd , the country's largest listed liquor company, reported a 17.4% increase in net profit at Rs451 crore, for the quarter ending March. Net sales value grew 8.9% at Rs3,031 crore for the quarter, on a year-on-year basis. The profit growth was attributed to commencement of operations in Andhra Pradesh after five years, and the premium category which grew at 13.2% on a quarterly basis. Profit rose to Rs 1,558 crore in FY25, from Rs 1312 crore a year earlier, USL, controlled by Diageo Plc, said in a statement on Tuesday. Revenue from operations for the year increased to Rs 26,780 crore while volume of cases sold grew by 4%. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks The company that sells brands including Johnnie Walker and McDowell's, said premium volumes grew 9% during the last quarter of FY25, and accounted for 81% to its overall volume sales, while sales of popular or mass-priced products declined by 2% during the same period. 'The challenging demand environment notwithstanding, we have delivered 13.2% NSV (net sales value) growth for P&A (prestige and above) in Q4FY25 and 9.9% P&A growth for FY25, and a leveraged EBITDA growth that takes us to our medium-term guidance," said Praveen Someshwar, chief executive officer at USL. "Looking ahead, we remain focused on delivering sustained growth while creating long-term value for all our stakeholders." Gross profit for the company grew by 13.4% and gross margin was at 44.5%, which had an expansion of 115bps on a year-on-year basis.
Express Tribune
24-04-2025
- Business
- Express Tribune
Gold sees historic one-day drop
Listen to article Gold prices in Pakistan plunged on Wednesday, following global cues, as de-escalation signals from US President Donald Trump over Chinese tariffs sparked speculation of a prolonged market correction. After hitting record highs in recent sessions, gold prices witnessed a historic intra-day drop, tracking a significant downturn in the international market. According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold per tola fell Rs11,700 to Rs352,000. The price of 10 grams of gold also declined Rs10,031 and settled at Rs301,783. Just a day earlier, on Tuesday, gold had reached an all-time high of Rs363,700 per tola on the back of a single-day surge of Rs5,900. Internationally, gold prices also registered a notable dip. APSGJA reported that the global rate fell $116 per ounce, reaching $3,338 (inclusive of a $20 premium). Commenting on the development, Abdullah Abdul Razzaq, a member of APSGJA, termed the decline "one of the most significant in recent months," noting that the last comparable drop occurred on November 12, 2024, when prices fell $77 and Rs7,000 in a single day. Adnan Agar, Director at Interactive Commodities, attributed the correction to geopolitical developments, particularly signs of easing trade tensions between the United States and China. "The market hit a low of $3,172 today (Wednesday) before recovering slightly to $3,288. Over the past two days, gold has fallen nearly $230," he noted. Agar added that further downside may be possible, with prices potentially adjusting to the $3,250-$3,220 range. "With de-escalation signals from US President Donald Trump regarding Chinese tariffs, market sentiment is shifting. If negotiations gain momentum, a long-awaited correction in gold could extend over several months." The recent movements highlight the volatility in global bullion markets, especially in response to geopolitical cues, with local prices reflecting these trends sharply. Meanwhile, the Pakistani rupee slipped marginally against the US dollar on Wednesday to close at Rs280.97 in the inter-bank market compared to Rs280.77 a day earlier, according to the State Bank of Pakistan (SBP). This marks a depreciation of 20 paisa, or 0.07%, in the local currency, reflecting minor pressure in the foreign exchange market. Analysts suggest that the movement remains within a narrow range, driven by routine demand and supply factors. The SBP reiterated that the rupee depreciates when more rupees are required to purchase one US dollar, and conversely, it appreciates when fewer rupees are needed. Moreover, the inflow of remittances under the Roshan Digital Account (RDA) rose to $10.003 billion by the end of March 2025 as compared to $9.768 billion by the end of February, according to APP. Data showed that the inflows of remittances during March were recorded at $235 million as compared to $204 million in February and $222 million in January 2025, according to the latest statistics released by the State Bank of Pakistan (SBP). These accounts provide innovative banking solutions to millions of non-resident Pakistanis (NRPs), including the non-resident Pakistan-origin card (POC) holders, seeking to undertake banking, payment, and investment activities in Pakistan. The number of accounts registered under the programme rose 53,092 to 805,442 in March 2025 from 797,350 accounts in February 2025. By the end of March, overseas Pakistanis invested $460 million in Naya Pakistan Certificates, $883 million in Naya Pakistan Islamic Certificates, and $62 million in Roshan Equity Investment.
Business Recorder
23-04-2025
- Business
- Business Recorder
Gold suffers biggest-ever single-day decline
KARACHI: Gold prices saw a dramatic fall on Wednesday, retreating from record highs in what traders described as a response to a global market downturn. The yellow metal suffered its biggest-ever single-day decline, plunging by Rs11,700 per tola and Rs10,031 per 10 grams. This sharp drop brought domestic prices down to Rs352,000 per tola and Rs301,783 per 10 grams, respectively, according to the All Pakistan Sarafa Gems and Jewellers Association. It was the largest-ever single trading loss, which significantly dragged down gold prices in the local market, spokesman for the association, Abdullah Razzaq said. The international market also reflected the downward trend, with gold prices falling by $116 to settle at $3,338 per ounce. Silver was quoted at $33 per ounce globally. Domestically, however, silver prices showed marginal gains. Rates rose by Rs16 and Rs13, pushing local prices to Rs3,457 per tola and Rs2,930 per 10 grams, respectively. It is important to note that actual trading prices in the open market may differ from those fixed by the association. Copyright Business Recorder, 2025
