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Daily Maverick
7 hours ago
- Business
- Daily Maverick
Daybreak Foods: Chicken producer hopes business rescue will hatch a turnaround
Creditors and almost 3,000 employees may finally see some resolution as the first business rescue meetings for beleaguered chicken producer, Daybreak Foods, kick off next week. Daybreak Foods, which has been in the spotlight over the past two months for animal cruelty, mismanagement, failure to pay staff and failure to pay contractors, has successfully applied to be placed under business rescue. Under the Companies Act, business rescue practitioner Tebogo Maoto is required to convene the first meeting of creditors and employees within 10 days of his appointment. The first meeting of creditors will be held virtually through Microsoft Teams on Monday, 2 June at 10am. The first meeting of employees will also take place virtually through Microsoft Teams on Tuesday, 3 June at 10am. In a notice, Maoto said the formal agenda for the meetings would be communicated to all affected parties in due course. In the interim, affected parties may address any queries they have directly to Motau at [email protected] In a media statement, the Public Investment Corporation (PIC), a major creditor and shareholder in Daybreak Foods, said it was of the 'firm belief that the company can be rescued and must be rescued, and that business rescue is the best path to preserve the company's value and potential, saving approximately 3,000 jobs, and importantly, to realise returns for clients and their beneficiaries on their investment'. Maoto was formally appointed as the senior business rescue practitioner (BRP) of Daybreak Foods on Thursday, 22 May 2025, after the company was placed under voluntary business rescue two days earlier. Maoto has significant experience in the field of business rescue, turnarounds and corporate restructurings, both in South Africa and in cross-border mandates. This extends to the turnaround and restructuring of various non-listed companies, including York Timber, Adax Bioenergy (Sierra Leone), Karstern Boerdery and Premier Hotel OR Tambo. A statement from the company notes that the business rescue proceedings for Daybreak Foods will focus on stabilising its ongoing operations, while Maoto assists with the development of a turnaround strategy and finding solutions to the funding shortfalls of Daybreak Foods. The PIC has already undertaken several measures to contribute towards stabilising Daybreak Foods, which include the injection of R74-million in working capital, intended to address the company's immediate liquidity needs. Daybreak Foods' interim chairperson Dr Charlotte Nkuna commented: 'We welcome the appointment of the BRP as part of the collective effort, together with the Public Investment Corporation, to rescue the Company and save approximately 2,800 jobs. We are confident that the business rescue proceedings will help Daybreak Foods to achieve a credible turnaround plan in the interest of all our stakeholders.' Daybreak Foods has a legal moratorium on any legal and/or enforcement actions being instituted against it, while the company's board and the BRP prepare the necessary proposals to rescue the company from its financial distress. DM

Miami Herald
9 hours ago
- Miami Herald
Tech review: Powerbeats Pro 2 are ready for your sweaty workout
I've turned into one of those people who wear earbuds all day at work. We don't have traditional phones at my office. We use Microsoft Teams as our voice phones, so when the phone rings, I usually answer it on my computer. And because I work with three other people in one big room, we all use headphones. I have been wearing Apple's AirPods Pro 2, paired to my Dell laptop. I love the AirPods, but sometimes they don't stay in my ears very well. A few months ago, I started reading about Beats by Dre's Powerbeats Pro 2 True Wireless Sport Earbuds, which reminds me a lot of the AirPods Pro 2, but they have an over-the-ear loop to keep them in place. Most of you probably know Apple owns Beats. This means Beats headphones and earbuds have the latest Apple technology inside that facilitates automatic pairing with Apple devices as well as cool sound features like noise cancellation, adaptive EQ and spatial audio. What's new? The original Powerbeats Pro were released in 2019, so Beats has had plenty of time to plan and produce the new version to make it better - and I think they did. The Powerbeats Pro 2 uses Apple's H2 chip for improved audio quality, one-touch pairing, automatic device switching, audio sharing and sound management with active noise canceling and transparency mode, which brings in some sounds from outside so you can hear your surroundings. One of the biggest additions is heart rate monitoring. There are sensors on each bud that can accurately monitor your heart rate and send it to the Apple Health app and other compatible apps on your iPhone or Android phone. It works automatically with apps like Nike Run Club, Runna, Peloton and a few others. They are built with an ear loop to keep them firmly in your ear. Beats says they conducted more than 1,500 hours of testing with more than 1,000 athletes to come up with the design that produces what they call their "best fitting headphones - ever." You can customize the fit with four sets of silicone ear tips so you can tailor the tip to fit snuggly in your ear canal, because the sound quality and noise cancellation depends on how well the tips seal in your ears. The ear hook is made from a nickel-titanium alloy that is very light and flexible but still keeps its shape. The buds are 20 percent lighter than the previous version and they are very comfortable and stay in place wonderfully when you get the fit just right. The buds are sweat and water resistant, but not for water sports (no swimming). Each bud has a 10-hour battery life, and the battery in the case can charge them up four times for a total of up to 45 hours of playback. USB-C charging is fast. Five minutes of charging will net you 90 minutes of listening. Because of the ear hook design, the case is rather large at 3 inches by 2.6 inches by 1.3 inches. It fits in my front pocket, but because of the size, I tend to put the buds on in the morning and leave the case on my desk. Speaking of charging, the case charges with USB-C or it can sit on a Qi-compatible wireless charger. The case also shows up in the Find My app on your iPhone, so maybe you won't lose them. There are physical buttons on each bud. There's a rocker button for volume up and down and a button behind the B logo you can use to play/pause music as well as answer and hang up calls. I prefer the physical buttons, as they are easier to tell when you press them. How do they sound? Like most other earbuds, the Powerbeats Pro 2 sound quality will depend on how well they seal in your ear and how well they stay in place. When you bring them home, take your time and try the different ear tips to see which ones seal the best in your ear canal. I still think the AirPods Pro 2 sound a bit better, but the Beats are designed for your workout, and they are much better at staying in place when you're on the move. I do think the noise canceling does a good job of keeping out the mundane noise like traffic or office background noise. I now own both the AirPods Pro 2 and Powerbeats Pro 2 and the Beats get the most use. Pricing The Powerbeats Pro 2 cost $249.99 and they are available in Jet Black, Quicksand, Hyper Purple and Electric Orange. Copyright (C) 2025, Tribune Content Agency, LLC. Portions copyrighted by the respective providers.


Globe and Mail
19 hours ago
- Business
- Globe and Mail
Teamflect Unveils AI HR Partners: Transforming Human Resources into a Strategic Powerhouse
LONDON, May 28, 2025 /CNW/ -- Teamflect, the all-in-one performance management platform built for Microsoft Teams, announces the beta launch of its AI HR Partners. A groundbreaking feature that aims to revolutionize HR operations by automating routine tasks, enabling HR professionals to dedicate more time to employee engagement and development.
Yahoo
20 hours ago
- Business
- Yahoo
Teamflect Unveils AI HR Partners: Transforming Human Resources into a Strategic Powerhouse
LONDON, May 28, 2025 /CNW/ -- Teamflect, the all-in-one performance management platform built for Microsoft Teams, announces the beta launch of its AI HR Partners. A groundbreaking feature that aims to revolutionize HR operations by automating routine tasks, enabling HR professionals to dedicate more time to employee engagement and development. Where exactly did the need for this feature arise? Today, HR teams are often overwhelmed with administrative duties, leaving little time for meaningful employee interactions. Recognizing this challenge, Teamflect designed these AI HR Partners to act as intelligent collaborators, streamlining processes and enhancing the overall HR experience. This launch comes at a critical time. A recent Forbes study revealed that job burnout has reached an all-time high of 66% in 2025, underscoring the urgent need for solutions that alleviate HR burdens and promote employee well-being. Key Features of Teamflect's AI HR Partners: Personalized Development Plans: Instantly generate tailored growth paths for employees based on roles, competencies, and goals. Smart Goal Suggestions: Leverage historical data to recommend Objectives and Key Results (OKRs) aligned with organizational priorities. Insightful Performance Summaries: Produce concise summaries of reviews and one-on-one meetings, offering actionable insights for managers and HR professionals. Proactive Engagement Nudges: Receive timely reminders to foster team recognition and ensure regular check-ins. Seamless Integration: Operate entirely within Microsoft Teams, eliminating the need to switch platforms. "Our goal is not to replace HR teams but to augment their capabilities" said Bora Ünlü, Co-Founder of Teamflect. "With these AI HR Partners, we're providing HR professionals with a reliable assistant that handles all their repetitive tasks, so they can dedicate more time to what truly matters, their people." Currently in closed beta, Teamflect's AI HR Partners are being piloted by companies across various sectors, including technology, finance, and healthcare, with employee sizes ranging from 100 to 10,000. Early feedback indicates significant improvements in efficiency and employee satisfaction. About Teamflect Teamflect is a comprehensive performance management software solution designed specifically for Microsoft Teams and Outlook. From goal setting and performance reviews to employee recognition and career development, Teamflect streamlines HR processes, enabling organizations to manage their workforce effectively without leaving their preferred communication platforms. Trusted by thousands of teams worldwide, Teamflect transforms Microsoft Teams into a powerful HR workspace. Logo - View original content to download multimedia: SOURCE Teamflect View original content to download multimedia: Sign in to access your portfolio


Cision Canada
20 hours ago
- Business
- Cision Canada
Teamflect Unveils AI HR Partners: Transforming Human Resources into a Strategic Powerhouse
LONDON, May 28, 2025 /CNW/ -- Teamflect, the all-in-one performance management platform built for Microsoft Teams, announces the beta launch of its AI HR Partners. A groundbreaking feature that aims to revolutionize HR operations by automating routine tasks, enabling HR professionals to dedicate more time to employee engagement and development. Where exactly did the need for this feature arise? Today, HR teams are often overwhelmed with administrative duties, leaving little time for meaningful employee interactions. Recognizing this challenge, Teamflect designed these AI HR Partners to act as intelligent collaborators, streamlining processes and enhancing the overall HR experience. This launch comes at a critical time. A recent Forbes study revealed that job burnout has reached an all-time high of 66% in 2025, underscoring the urgent need for solutions that alleviate HR burdens and promote employee well-being. Key Features of Teamflect's AI HR Partners: Personalized Development Plans : Instantly generate tailored growth paths for employees based on roles, competencies, and goals. : Instantly generate tailored growth paths for employees based on roles, competencies, and goals. Smart Goal Suggestions : Leverage historical data to recommend Objectives and Key Results (OKRs) aligned with organizational priorities. : Leverage historical data to recommend Objectives and Key Results (OKRs) aligned with organizational priorities. Insightful Performance Summaries : Produce concise summaries of reviews and one-on-one meetings, offering actionable insights for managers and HR professionals. : Produce concise summaries of reviews and one-on-one meetings, offering actionable insights for managers and HR professionals. Proactive Engagement Nudges : Receive timely reminders to foster team recognition and ensure regular check-ins. : Receive timely reminders to foster team recognition and ensure regular check-ins. Seamless Integration: Operate entirely within Microsoft Teams, eliminating the need to switch platforms. "Our goal is not to replace HR teams but to augment their capabilities" said Bora Ünlü, Co-Founder of Teamflect. "With these AI HR Partners, we're providing HR professionals with a reliable assistant that handles all their repetitive tasks, so they can dedicate more time to what truly matters, their people." Currently in closed beta, Teamflect's AI HR Partners are being piloted by companies across various sectors, including technology, finance, and healthcare, with employee sizes ranging from 100 to 10,000. Early feedback indicates significant improvements in efficiency and employee satisfaction. About Teamflect Teamflect is a comprehensive performance management software solution designed specifically for Microsoft Teams and Outlook. From goal setting and performance reviews to employee recognition and career development, Teamflect streamlines HR processes, enabling organizations to manage their workforce effectively without leaving their preferred communication platforms. Trusted by thousands of teams worldwide, Teamflect transforms Microsoft Teams into a powerful HR workspace. Logo - SOURCE Teamflect Ozge Pehlivan, Phone: +90 5545147872, Email: [email protected]