Latest news with #CAPETOWN
CNA
13-08-2025
- Sport
- CNA
Dangerous Argentina ready to build on Rugby Championship progress
CAPE TOWN :Argentina have grown more competitive in the Rugby Championship in recent years, and with key players back, they're set to open this year's campaign at home against New Zealand on Saturday with renewed confidence. Argentina won six matches in their first 10 seasons competing in the southern hemisphere championship, but have claimed as many victories again in the last three years alone. That includes their best ever campaign in 2024, when they won in New Zealand for the first time, beat the world champion Springboks and claimed a record 67-27 victory over Australia. They have gone from whipping boys to a team that, while perhaps not feared yet, has gained huge respect and on their day are a match for anyone in the competition. Recent form has been mixed, including a 2-0 home series loss to a severely under-strength England in July, but coach Felipe Contepomi had rested several players for those matches too. He has recalled Juan Cruz Mallía, Santiago Chocobares, Marcos Kremer, Bautista Delguy, Mateo Carreras and Ignacio Ruiz in what is a significant bolster to the squad. The likes of Tomas Albornoz, Gonzalo Garcia, Franco Molina and Joel Sclavi, who all featured in the 28-24 win over the British & Irish Lions in Dublin, but missed the England series, are also back. Kremer says the experience built up over the last few years in the Rugby Championship has given the team confidence. "The team has been doing things very well, the staff has been doing things very well," he told reporters. "We have to put nerves aside and dedicate ourselves to playing rugby, we know how to do it and what to do with the players (we have). "The work that the forwards have to do is to try to give those opportunities to the three quarters, those fast balls or those balls advancing. We know that if the forwards work and are going well, then behind we have things to fly a little more." Argentina host New Zealand in their first two Rugby Championship fixtures before a two-match trip to Australia. They then face the Springboks in Durban and finish their campaign in London on October 4, the first time a Rugby Championship game will be played in the northern hemisphere.
Yahoo
12-08-2025
- Automotive
- Yahoo
Leatt Corp Announces Share Repurchase Program
CAPE TOWN, South Africa, Aug. 12, 2025 /PRNewswire/ -- Leatt Corporation (OTCQB: LEAT), a leading developer and marketer of head-to-toe protective equipment for MOTO, MTB, and a wide range of extreme and high-velocity sports, today announced that its Board of Directors has authorized a share repurchase program of up to $750,000 of the Company's outstanding common stock. "This share repurchase program reflects our confidence in the future outlook of our business, the soundness of our balance sheet, and the overall strength of the Leatt organization," said Sean Macdonald, Chief Executive Officer. "We believe that this program provides an opportunity to enhance long-term shareholder value, while delivering on our mission of developing and manufacturing cutting-edge protective products for participants in extreme sports." Repurchases may be made from time to time at the discretion of the Board of Directors through open-market transactions in accordance with applicable securities laws. The repurchase program expires on December 31, 2025, and can be suspended or discontinued at any time prior to the expiration date. No shares have been repurchased under the program to date. There can be no assurance as to the timing or number of shares of any repurchases, if any. About Leatt Corp Driven by the science of thrill, Leatt Corporation develops head-to-toe personal protective gear for various sports, with a focus on mountain biking and extreme motorsports. This includes the award-winning Leatt-Brace®, a neck brace system considered the gold standard for neck protection when worn in conjunction with a helmet. Leatt products are designed for participants in extreme sports that use motorcycles, bicycles, mountain bikes, all-terrain vehicles, snowmobiles, and other open-air vehicles. For more information, visit Follow Leatt® on Facebook, Twitter, and Instagram. Forward-looking Statements This press release may contain forward-looking statements regarding Leatt Corporation (the "Company") within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the significance of the Company's share repurchase plan and its ability to enhance the long-term value of the Company's securities; the general ability of the Company to achieve its commercial objectives, including its continued development and manufacturing of cutting-edge protective products; the business strategy, plans and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "seeks," "should," "could," "intends," or "projects" or similar expressions, and involve known and unknown risks and uncertainties. These statements are based upon the Company's current expectations and speak only as of the date hereof. Any indication of the merits of a claim does not necessarily mean the claim will prevail at trial or otherwise. Financial performance in one period does not necessarily mean continued or better performance in the future. The Company's actual results in any endeavor may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, which factors or uncertainties may be beyond our ability to foresee or control. Other risk factors include the status of the Company's common stock as a "penny stock" and those listed in other reports posted on The OTC Markets Group, Inc. View original content: SOURCE Leatt Corporation
Reuters
23-07-2025
- Business
- Reuters
Angola gets 60,000 barrels per day oil production bump
CAPE TOWN, July 23 (Reuters) - Angola's attempts to stabilise waning crude oil production received a boost on Wednesday when two offshore projects started up, adding a total of 60,000 barrels per day to national output, the country's national oil and gas agency ANPG said. Sub-Saharan Africa's second-largest oil producer after Nigeria, Angola has overhauled its oil and gas regulations to attract energy companies and help stabilise oil production that has halved because of maturing fields since reaching a peak of around 2 million bpd in 2008. Last year, President Joao Lourenco approved a law that offers new incentives, opens new tab to incrementally expand production in offshore blocks, after Angola decided to leave OPEC following a spat over crude output allocations. Both the offshore CLOV Phase 3 development and the BEGONIA project will separately produce 30,000 bpd. Located in Block 17, the CLOV 3 satellite project will be linked to an existing floating production storage and offloading (FPSO) vessel and will help Angola maintain its overall production above 1 million bpd, government and company officials said. "This is good news for the country. First oil is always very important," Paulino Jerónimo, chairman of the board of directors of the National Agency for Oil, Gas, and Biofuels (ANPG) said in a statement. Block 17 is operated by TotalEnergies ( opens new tab with a 38% stake, together with Equinor ( opens new tab (22.16% stake), ExxonMobil (XOM.N), opens new tab (19%), Azule Energy (15.84%) and Sonangol E&P (5%). Situated some 150 kilometres (93 miles) off Angola's coastline, BEGONIA is the country's first inter-block subsea development that links Blocks 17 and 17/06 and using the Pazflor FPSO. "We will produce oil from one block using existing facilities from another," Martin Deffontaines, general manager of TotalEnergies Angola said in a statement.
