Latest news with #259
Barnama
24-07-2025
- Business
- Barnama
CPO Futures Extend Rally To End Higher, Tracking Soybean Oil's Uptrend
By Engku Shariful Azni Engku Ab Latif KUALA LUMPUR, July 24 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued its rally to close higher on Wednesday following the uptrend in soybean oil prices. Palm oil trader David Ng said weaker CPO production in Indonesia also lifted market sentiment today. 'We see CPO prices supported at RM4,200 (per tonne) and resistance at RM4,350,' he told Bernama. At the close, the spot-month August and October 2025 contracts gained RM15 each to RM4,259 and RM4,330 per tonne respectively, while the September 2025 and December 2025 contracts rose RM12 each to RM4,310 and RM4,329 per tonne respectively. The November 2025 contract improved RM14 to RM4,334 per tonne, and January 2026 climbed RM8 to RM4,321 per tonne. Trading volume eased to 75,735 lots from 75,900 lots on Wednesday, while open interest widened to 233,661 contracts from 231,569 previously. The physical CPO price for July South edged up RM10 to RM4,280 per tonne. -- BERNAMA
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New Straits Times
20-06-2025
- Business
- New Straits Times
MARKET PULSE PM JUNE 20, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia ended slightly higher today as the US delayed its decision to get involved in the Israel-Iran conflict. The market's gains were supported by renewed buying interest, particularly in financial heavyweights. Meanwhile, the ringgit strengthened against the US dollar, trading at 4.2530. In the crypto market, Bitcoin surged to RM451,259. Ethereum and Solana likewise recorded gains, rising to RM10,863 and RM627, respectively. That wraps up today's Market Pulse.
TimesLIVE
18-06-2025
- Business
- TimesLIVE
Director general: military veterans
The department of military veterans invites qualified candidates to apply for the post of: Director-general: military veterans This is a re-advertisement; candidates who previously applied are encouraged to reapply. Reference number: DMV01/11/2024 Centre: Pretoria Employment term: Five-year contract Salary: R2,259,984 to R2,545,854 per annum (all inclusive) Salary level: 16 Requirements: A senior certificate and an appropriate postgraduate qualification in public administration, public management or social services, or relevant postgraduate qualifications (NQF level 8) as recognised by the South African Qualifications Authority. Ten years of relevant experience at a senior management level, of which at least three years' experience must be with any organ of state as defined in the Constitution Act (Act 108 of 1996). The candidate must have executive management experience and experience in the monitoring and evaluation of government policies as well as a thorough understanding of government policy and administrative processes. Knowledge in strategic leadership, prescripts, policies and business ethics as well as government-wide policies. Ability to interpret and apply policies and legislations. Knowledge of the constitution, Public Service Act, 1994, Public Finance Management Act, 1999, and the National Development Plan. Deep knowledge in relevant government legislation, policies and priorities. Skills: People management and empowerment. Financial management, project and programme management, and change management. Interpersonal relation skills. Report writing, research and presentation. Analytical at macro as well as micro level. Decision making, strategic planning and management, and strategic thinking. Personal attributes: Integrity. Confidentiality. Courteous. Responsive. Fairness. Credibility. Committed. Compassionate. Motivational. Duties: Guide and direct efficient and effective delivery of socio-economic support services to military veterans. Guide and direct efficient and effective delivery of military veteran empowerment and stakeholder management programmes. Provide leadership for the effective and efficient management and administration of the department. Serve as the accounting officer/head of department in line with the requisite legislative and regulatory prescripts for financial management, risk and integrity management, and internal audit services. Manage the provision of executive support services. Manage consultative commitments as head of department. Provide strategic direction and overall management of departmental programmes. Full post details including application details: Visit Closing date: June 23 2025 Enquires: Call PJ Sengwane on 012 765 9358. Note: The department of military veterans is an equal opportunity affirmative action employer. It is the department's intention to promote representatively (race, gender and disability) through the filling of this post; candidates whose appointment, promotion or transfer will promote representatively will receive preference.
The Citizen
26-05-2025
- Business
- The Citizen
Here's how much the Sassa CEO earns
Unlike private sector executives, the Sassa CEO has not received any performance bonuses during the 2023–24 or 2024–25 financial years. The Minister of Social Development, Nokuzola Tolashe, has revealed detailed information about the remuneration package of the Chief Executive Officer of the South African Social Security Agency (Sassa), which operates under her department. The Sassa CEO earns an annual package of R2.65 million, exceeding the prescribed salary band for director-general-level positions by over R100,000. Tolashe recently revealed the compensation details in response to a parliamentary question from DA MP Thamsanqa Bhekokwakhe Mabhena, who requested information about executive remuneration across entities reporting to her department. Social development executive compensation structure The Sassa CEO, appointed in 2019, earns a monthly basic salary of R154,583.33. Tolashe explained that the executive receives 'additional compensation payable to heads of department, which is 10% non-pensionable allowance in line with Clause 9.1 of Chapter One(1) of the SMS Handbook (amended in April 2003).' The package significantly surpasses the standard salary band of R2,259,984 to R2,545,854 applicable to salary level sixteen positions at the director-general level. Tolashe noted that 'the salary package offered by the Department of Social Development (DSD) to the CEO which she accepted in 2019; was compared and matched with the salary package she (the CEO) stated; she was receiving from her previous employer; this being in line with Regulation 44 (3) (d) of the Public Service Regulations,2016; as amended.' ALSO READ: Here's what some of South Africa's SOE bosses earn Sassa CEO hot seat Busisiwe Mamela joined Sassa from Postbank as CEO in 2019. She was suspended last year, reportedly on full pay, amid an investigation into her appointment. According to Tolashe, Memela's precautionary suspension was due to issues raised by the Public Protector. ALSO READ: 'Myriad of serious issues' – Why Sassa CEO Memela-Khambula has been suspended Themba Matlou was later appointed as the acting CEO. A job listing for the position of CEO was advertised this year, with suspicion that Memela may have been dismissed. Speaking to The Citizen, the department said the position was advertised in preparation for the end of Memela's term. The department also refused to comment on the outcome of the investigation. Performance bonuses discontinued Unlike private-sector executives, the Sassa CEO did not receive performance bonuses during the 2023-24 or 2024-25 financial years. Tolashe confirmed that 'no performance bonus (once-off) was paid to the CEO because the payment of performance bonus to public servants was discontinued in 2021/22 FY, per DPSA circular number 01 of 2019, which circular is applicable to Sassa.' However, the CEO does receive an annual service bonus equivalent to a thirteenth cheque worth R154,583.33, paid each November. This benefit applies universally across the public service as 'a transversal service benefit applicable to all employees in the organisation, and the public service.' ALSO READ: Social development didn't fill all its vacancies — Here's why Regulatory framework The minister emphasised that executive remuneration at Sassa operates under specific legislative requirements. 'Section 7(2) (b) of the Sassa Act (Act No. 9 of 2004) states that 'The Minister for the Public Service & Administration (DPSA) in consultation with the Minister of Social Development and the Minister of Finance; must determine the remuneration and conditions of service of the Chief Executive Officer and the other members of the staff of the Agency',' Tolashe stated. Comparative compensation The National Development Agency (NDA), another entity under the department's oversight, pays its acting CEO R2,646,522.52 annually through a total cost-to-company package. This structure allows employees to customise their benefits allocation based on individual needs. Like Sassa, the NDA has not paid performance bonuses since the 2019 DPSA circular, which discontinued such payments across the public service. Sassa social grant increases for 2025 Child support grants will increase from R530 to R560, and grant-in-aid will receive an identical increase. Beyond executive compensation, the department oversees significant social spending through various grant programs. National Treasury's 2025 Budget Overview confirmed increases across multiple social grants, though the Social Relief of Distress grant remains unchanged. The old age grant will increase from R2,185 to R2,315, while the war veterans grant will increase from R2,205 to R2,335. Disability grants will climb from R2,185 to R2,315, and foster care grants will increase from R1,180 to R1,250. The care dependency grant matches the disability grant increase, moving from R2,185 to R2,315. ALSO READ: Sassa grant increases and SRD extension in 'Budget 3.0': What you need to know SRD grant extension Finance Minister Enoch Godongwana announced during his Budget Speech that 'the temporary Covid-19 SRD grant will be extended until 31 March 2026, with R35.2 billion allocated to maintain the current R370 per month per beneficiary, including administration costs.' Godongwana indicated government is 'actively exploring various options to better integrate' the SRD grant with employment opportunities. 'This includes considering a job-seeker allowance and other measures, as part of the review of Active Labour Market Programmes. 'Our goal is to not only provide immediate relief. It is also to create pathways to employment, empowering our citizens to build better futures for themselves and their families,' he said. ALSO READ: Sassa offices 'reach capacity for the day'? We have no policy to turn people away, says agency Sassa beneficiary statistics Sassa manages grants for approximately 19.2 million beneficiaries, distributed across various programs. This amount is distributed among the beneficiaries as follows: The child support grant serves the largest population with 13.1 million recipients, Followed by 4.1 million old age grant beneficiaries and 1.05 million disability grant recipients. Smaller programs include: 515,553 grant-in-aid recipients, 213,425 foster care beneficiaries, 172,459 care dependency beneficiaries, and seven war veterans receiving grants. Meanwhile, the SRD grant, operating in its fifth cycle since the Covid-19 lockdown in 2020, currently assists approximately 9.2 million. The number includes all eligible South Africans, refugees, and asylum seekers. Treasury projects that social grant beneficiaries, excluding SRD recipients, will reach 19.3 million people by March 2028, with the grants budget increasing by R1.6 billion in the 2025-26 financial year. NOW READ: Early pay in May: Good news for Sassa SRD grant beneficiaries
Trade Arabia
19-03-2025
- Entertainment
- Trade Arabia
Expedia lists top set-jetting destinations for UAE travellers
Expedia unveils the top trending destinations inspired by recently nominated films and critically acclaimed TV shows. From the rugged terrains of Malta featured in the sequel of a famous gladiator classic to the sweeping desert dunes of Abu Dhabi, the set-jetting trend is stronger than ever. The most buzzed-about films have not only captured the hearts of audiences but also sparked a surge in travel interest. Expedia has seen a notable rise in searches from UAE travellers for destinations showcased in award-nominated films and shows, including: Malta (Best time to visit: April–June or September–October) – The Mediterranean Island, renowned for its ancient ruins and dramatic coastlines, has seen a 175% increase in searches following its starring role in a historical epic about a legendary Roman gladiator. Notable filming locations, such as Fort Ricasoli, Fort Delimara, and Fort Manoel, offer stunning views that can be enjoyed while cruising along the coast. A four-night stay on Expedia between 12-16 April at The Xara Palace Relais & Chateaux, starts at AED1,674 ($455.81) per person. The 17th-century boutique hotel in Mdina, Malta, boasts grand Baroque architecture and stone archways, evoking the grandeur of an epic film set. Abu Dhabi (Best time to visit: November-April) – The vast dunes of Abu Dhabi's Liwa Oasis served as the stunning backdrop for a desert planet in the recent blockbuster film, sparking renewed interest among travellers eager to explore these mesmerising landscapes in person. Searches for Abu Dhabi from UAE locals have surged by 85% year-over-year. A two-night stay on Expedia between 24-26 March at Qasr Al Sarab Desert Resort by Anantara starts at AED2,259 per person. Set amidst the endless dunes of the Liwa Desert, the resort features towering sandscapes and fortress-like architecture — making it feel like you've stepped into the vast, cinematic world of a sci-fi film. Amsterdam (Best time to visit: March-May) – The stunning tulip fields of Amsterdam, reminiscent of the vibrant flower fields featured in a magical retelling of an iconic Broadway musical, have sparked renewed interest, with searches rising by 165%. For a truly wicked experience, visit the Amsterdam Tulip Festival in April and admire the colorful displays, all just a short distance from the heart of the city. A five-night stay on Expedia between 30-4 April at Van der Valk Hotel Schiphol, starts at AED1,287 per person. The hotel offers easy access to both the city centre and the surrounding tulip fields such as the Keukenhof Gardens, making it a convenient choice for travellers. Rome & Vatican City (Best time to visit: March-May) – The suspense and drama surrounding the election of a pope in a critically acclaimed thriller have reignited interest in these historic locations, with searches rising by 115% for UAE travellers. While the Sistine Chapel scenes were recreated in a local studio, visitors can experience its awe-inspiring beauty firsthand at the Vatican Museum. A six-night stay on Expedia between 9-15 March at Hotel della Conciliazione, starts at AED4,096 per person. The hotel is just steps from St. Peter's Basilica, making it perfect for those who want to discover Vatican City. New York City (Best time to visit: April – June) – The lively streets of New York, featured in a film about the early years of a folk music legend, have driven a 70% surge in searches on Expedia. Travellers can stroll through Greenwich Village, where key scenes were filmed, and stay at the iconic Hotel Chelsea, a historic haven for artists, writers, and musicians. Be sure to also visit nearby Jersey, where several memorable scenes from the film were shot. A four-night stay on Expedia between 11-15 April at The Hotel Chelsea, starts at AED4,502 per person. Thailand (Best time to visit: November – May) – The newly launched season charting the luxurious highs and dramatic lows of guests at a fictional resort continues to inspire UAE travellers. Set against the tropical backdrop of Thailand, with its turquoise waters and sandy beaches, the destination has already seen a remarkable 285% surge in searches. For a luxurious stay, check into the Four Seasons Resort Koh Samui, where guests can enjoy panoramic ocean views, infinity pools, and gourmet Thai cuisine in the same setting featured in the hit television series. A four-night stay on Expedia between 21-25 April starts at AED13,607 per person. Seoul (Best time to visit: April – June) - The gripping drama centred around high-stakes games of survival has ignited a wave of interest in Seoul, South Korea, as travellers flock to experience the iconic locations featured in the series. The city's dynamic mix of modern architecture, historic sites, and vibrant districts draws visitors keen to explore the settings of this thrilling story. Popular filming spots like the stark, dramatic arena and bustling city streets have become must-visit attractions, with searches for the city rising by 95%. For modern vibes, upscale shopping, and vibrant nightlife, stay in the Gangnam district at the Aiden by Best Western, starting at AED1,162 per person for a six-night stay between 11-17 May on Expedia. For movie lovers looking to bring the magic of the big screen to life, visiting these iconic destinations offers the chance to step into the worlds of their favourite films and TV you're strolling through the vibrant tulip fields of Amsterdam, basking in the Mediterranean sun, or walking in the footsteps of a legendary musician in New York, these cinematic locations immerse you in the stories that made them unforgettable.
