Latest news with #corporateservices
Globe and Mail
6 days ago
- Business
- Globe and Mail
Micro Cap Sees Lagged Positive Impact From After-Market Announcement
A micro cap in the corporate services space is already stealing the show on Wednesday following the company's announcement of its financial guidance for fiscal year ending December 31,2025 after market close yesterday. The company went on to say that it expects 41% year-over-year revenue growth and a 30% jump in net profit for 2025. It also confirmed its plans to list its capital market consulting arm, V Capital Consulting Group, via an initial public offering in Q3. Traders wasted no time scooping up shares of VCI Global Limited (Nasdaq:VCIG) during Wednesday's premarket hours, with shares of the micro cap current bid up at $4.27/share (+38.64% implied open for sellers) at the time of writing. It should be an exciting session for this stock! VCI Global Ltd is a holding company. The principal activities of the Company and its subsidiaries are the provision of business strategy consultancy and technology development solution consultancy. The firm organized its consulting services into three main segments: Business Strategy Consultancy; Technology Consultancy; and Others. It derives the majority of its revenue from the Business Strategy Consultancy segment which focuses on listing solutions, investor relations, and boardroom strategies consultancy. It has established a diverse local and international clientele, providing them its services in both local and cross-border listings. Its role begins from pre-listing diagnosis and planning to the finalization of the entire listing process. Copyright © 2025 All rights reserved. Republication or redistribution of content is expressly prohibited without the prior written consent of shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
CTV News
03-06-2025
- Business
- CTV News
Ottawa homeowners facing 5% increase in water bills a year over 10 years to fund infrastructure upgrades
Ottawa residents will be paying $5 more a month on their water bill over the next 10 years, as the city turns on the financial taps to fix up and expand the city's water, wastewater and stormwater infrastructure. A report for the finance and corporate services committee shows the city's water, wastewater and stormwater services need $4.8 billion in capital spending between 2026 and 2035. Of that amount, $4 billion will be spent to renew existing water and wastewater assets. According to the plan, the city will fund $3 billion of the infrastructure work through water, wastewater and stormwater revenues, with $1.7 billion from new debt. Staff told the finance and corporate services committee that the city will spend $450 million to $500 million each year over the next 10 years, with the capital assets expected to be in service for up to 100 years. 'The funding strategy addresses all the 'priority needs' in the first 10 years of the plan and leverages debt funding in order to advance these projects,' staff said Tuesday. Currently, the city's operating revenues provide capital funding of approximately $307 million a year. To fill a $169 million a year financial gap, the city will finance infrastructure upgrades to water, wastewater and stormwater services through rate increases and new debt. 'The recommended funding strategy aims to completely eliminate the funding gap for priority capital needs in every year of the ten-year planning period, by shifting a portion of the cash contributions annually to debt servicing to advance funding,' staff said. 'The impact to the ratepayer is minimized since the overall revenue requirement remains stable but the debt servicing ratio does increase, but within affordable limits.' Under the plan to cover operating and capital cost requirements, residential water bills will increase between 4.5 per cent and 5.6 per cent a year over the next 10 years, with a 4.5 per cent hike in 2026, a 4.9 per cent jump in 2027 and 5.6 per cent increases in 2031 and 2032. Staff say this is an estimated water rate increase, and the actual increase will be determined each year during the budget process. 'The estimated rate increases required to recover costs will differ by service with an overall estimated average of 5.0 per cent over the 10 years, which equates to $5.00 more per month for the average residential property,' the report says. The city will also use debt serving charges and reserve fund balances to fund the infrastructure renewal and expansion. The City of Ottawa says the conditions of its assets range from 'good' for drinking water services, to 'good to fair' for wastewater and stormwater services. According to the City of Ottawa's Drinking Water Services Asset Management Plan, five per cent of Ottawa's watermains for drinking water services are in poor condition, while seven per cent of water facilities are in poor condition. The City of Ottawa's water, wastewater and stormwater assets include 9,600 kilometres of water, wastewater and stormwater pipes, the Lemieux and Britannia water purification plans, the Robert O. Pickard Environment Centre, the city's sewage treatment plant, 86 pump stations, and over 6,600 culverts.
Zawya
27-05-2025
- Business
- Zawya
Thuli Gasa appointed head of corporate services at Dunlop Tyres South Africa
Dunlop Tyres South Africa is proud to announce the appointment of Thuli Gasa as head of corporate services, serving as a full member of the executive committee. Gasa will oversee critical functions including risk management, internal auditing, business continuity, BBBEE, Health, safety and environmental, and sustainability. Dunlop Tyres SA CEO, Lubin Ozoux, said: 'We are extremely excited to announce Thuli's appointment as head of corporate services. She has been an invaluable member of the Dunlop team for many years, driving excellence in her roles as original equipment quality auditor, associate risk manager and strategic initiatives manager. We are fully confident that, empowered in this new role, she will continue to lead with exceptional dedication and professionalism to support Dunlop's growth.' Gasa, who grew up in uMnambithi (formerly known as Ladysmith), began her journey with the company in 2016 as a quality auditor working with Original Equipment (OE) Manufacturers - key business partners for Dunlop. Gasa had to ensure Dunlop tyres met the specifications of the manufacturers, working closely with various teams on the factory floor. In her new role, Gasa will be working alongside two internal audit managers and an HSE manager. Her key priorities include managing business risks, strengthening internal controls on high-risk processes, driving stringent health and safety standards, standardising operations across the company, managing risk critical utilities (water and energy supply), resetting the safety culture, and overseeing transformation in terms of B-EE across the company. 'In this role, I will continue to build on my previous functions, communicating between the different levels in the company, bringing insights from the factory floor to strategic decision-making. It's important to me to ensure that we work as one organisation, focused on proactively managing risks and delivering the best quality product for South Africans,' she said. Gasa's personal journey is equally inspiring. Growing up in Ladysmith, where Dunlop is a major employer, she understands the importance of hard work, dedication and being a role model to young girls. 'Coming from Ladysmith, a little town in northern KZN, where there aren't many major employers, Dunlop's presence is extremely important for the town's success. That's why my role is very important to me – not only do I hope I want show that hard work pays off and you can reach your goals, but in my role, I aim to make a difference to my community and be an inspiration to the next generation. We often hear people say, 'life is not fair' we need to look beyond unfairness to find opportunities available for learning and self-development."
Zawya
20-05-2025
- Business
- Zawya
Tawazun Council, Solutions+ sign collaboration agreement in AI solutions, shared services
ABU DHABI -- Tawazun Council and Solutions+, a Mubadala Company, signed a collaborative Memorandum of Understanding, marking the first step toward a formal partnership to create synergies and expand their offerings in the areas of corporate services, digital and AI solutions, and shared service capabilities to power their future operations. The MoU was signed at Mubadala stand during Make it in the Emirates 2025, in presence of Matar Ali Al Romaithi, Sector Chief of Defence and Security Industry Affairs at Tawazun Council and Dr. Bakheet Al Katheeri, CEO of the UAE Investments Platform at Mubadala. The agreement signed by Nasir Al Nabhani, Managing Director of Solutions+ and Salem Mohamed Al Saabri, Chief Finance Officer, Finance and Corporate Services at Tawazun Council and attended by officials from both sides. The milestone partnership reinforces both organisations' shared commitment to innovation, operational excellence, and future readiness. Salem Mohamed Al Saabri said, 'By combining Solutions+' expertise in enterprise platforms, automation, and AI-driven service models with the forward-thinking vision of Tawazun Council, this agreement sets the foundation for delivering seamless, efficient and intelligent corporate services across Tawazun Council's operations.' Nasir Al Nabhani said, 'Through this collaboration, we are proud to support Tawazun Council's vision to scale innovative corporate services and digital solutions that deliver long-term value. This partnership will leverage Solutions+' deep industry expertise serving government entities in all areas of shared solutions across digital, HR, finance, procurement, and integrated facilities management. This agreement marks a new milestone in our mission to be the trusted transformation partner for government and semi-government organisations across our nation.'
