Bagemo University For Advanced Entrepreneurship Development Programme

NEW LINK FOR TEAM EAGLE ACTIVATION🔊

Linnette Badenhorst is inviting you to a scheduled Zoom meeting.

Topic: Team Eagle Activation
Time: Oct 8, 2024 19:30

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NEW LINK FOR TEAM EAGLE TRAINING on MONDAY's!!🔊

Linnette Badenhorst is inviting you to a scheduled Zoom meeting.

🔊NEW LINK FROM 23 SEPT🔊

TEAM EAGLE TRAINING

Topic How To Unlock Your Potential With Social Media!

Time: Oct 7, 2024 19:00
Every week on Mon, 60 occurrence(s)

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GEOFFREY MOGOROSI
THUS MY DUEPOINT WEALTH ENGINEER NUMBER: W1001814159

JOIN US ON ZOOM LIVE MEETING
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TODAY WATCH DUEPOINT'S
Live introduction tonight! Join DuePoint's senior executive, Brendan Benfield, for an introduction to DuePoint's wealth creation system, followed by a live Q&A. Join us at Head Office with your guests or tune in online at 6:30pm!Book your seat with Client Services to join us at the office on 0100204500 or email [email protected] before 4pm today!
- Watch live at 6:30pm: https://www.facebook.com/events/8057654771024604/
-

From: His Majesty King (MK) Geoffrey Mogorosi (III)
079-669-3883

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The Nigerian People Got Get Their Grips Together, This Truly Embarrassing To Realize That Blackmen can't Govern, Manage And Control Their Inner Grid for the natural GOD given resources.

Delta du Niger, la guerre du brut Après avoir été l'espoir de tout un peuple dans les années 50, le pétrole est devenu, un demi-siècle plus t**d, le pire de ses cauchemars, engendrant corrupt...

Pick n Pay shutting down stores across South Africa

Pick n Pay has started closing some stores as part of a plan to close or rebrand around 100 outlets.

Pick n Pay, one of South Africa’s leading retail chains, has recently released a trading statement highlighting a troubling period of stagnant growth and store closures.

The statement, covering the 21 weeks ending 21 July 2024, reveals the retailer’s harsh realities over the first five months of the year.

Sales growth during this period was minimal, with overall sales increasing by only 0.1%. Even like-for-like sales, which compare sales performance at existing stores, saw a modest rise of just 1.1%.

Pick n Pay South Africa’s sales increased slightly more, with total sales up by 0.6% and like-for-like sales by 1.7%.

The company attributed the difference between total and like-for-like sales to the closure of several stores in recent months.

In fact, in the first 21 weeks of the financial year, Pick n Pay shut down 16 supermarkets, including four corporate-owned stores and 12 franchise outlets.

The company stated that its company-owned supermarkets, which contribute most to the group’s reported sales, have significantly underperformed in recent years.

As a result, these closures are part of the broader strategy outlined by Pick n Pay CEO Sean Summers in May 2024.

Summers’ turnaround plan involves closing 35 underperforming stores and converting 70 outlets to the Boxer brand, which caters to the mass market or to Pick n Pay franchise operators in areas where it makes strategic sense.

Overall, more than 100 stores will either be converted or closed, representing a substantial portion of Pick n Pay’s footprint, considering it operates only 300 company-owned supermarkets in South Africa.

The closure of these stores equates to roughly 10% of its total owned store base.

These measures also mark a departure from the strategy implemented by former CEO Pieter Boone, which involved splitting the Pick n Pay brand into two distinct segments: the main brand targeting more affluent shoppers and QualiSave for middle-market consumers.

Pick n Pay Group CEO Sean Summers
This division proved unsuccessful. The product ranges in QualiSave stores were cut too drastically, negatively impacting margins and profitability.

Some of these underperforming QualiSave stores are now slated for conversion to Boxer, which operates with a structurally lower cost base, making it more suitable for the target market.

In addition to the 100 problematic stores, Summers indicated that Pick n Pay will “right-size” the rest of its store portfolio as leases come up for renewal, signalling further potential changes to the retailer’s footprint in the future.

Another notable point from the trading statement was that company-owned supermarkets have consistently underperformed compared to their franchise counterparts.

However, the group is seeing early signs of progress in its efforts to turn around its company-owned stores.

Pick n Pay’s operational challenges have been compounded by external factors, particularly the South African economy’s sluggish growth and ongoing load shedding.

The financial strain of maintaining backup power during load shedding has significantly affected profitability.

Rising operational costs, increased competition from rivals such as Shoprite and Woolworths, and a reduction in consumer spending have all contributed to the company’s struggles.

The combination of these factors, along with mismanagement and outdated systems, pushed Pick n Pay to the point of technical insolvency earlier in 2024.

However, despite the many difficulties, the company has made some headway in shoring up its financial stability.

Earlier this month, Pick n Pay successfully completed a R4 billion rights offer, bolstering its balance sheet.

The group also reported that its capital expenditure remains within expectations, and inventory levels are being well managed across both Pick n Pay and Boxer outlets.

Looking ahead, Pick n Pay is focusing on the next phase of its recapitalisation plan, which includes a planned IPO of the Boxer brand.

The Boxer chain, which has become a key asset in Pick n Pay’s portfolio, caters to a cost-sensitive market and operates with lower overheads compared to traditional Pick n Pay stores.

This IPO is expected to bring in additional capital and further strengthen the group’s financial position.

While the road to recovery remains long and challenging, Pick n Pay is taking decisive steps to improve its fortunes.

The combination of store closures, strategic conversions, and recapitalisation efforts offers some hope that the retailer can regain its footing in an increasingly competitive and difficult market environment.

With a stronger balance sheet and a renewed focus on operational efficiency, Pick n Pay’s new management is working hard to guide the company through this tumultuous period and towards a more stable future.

Dear Geoffrey, These universities and organisations are awarding Full Scholarships and Monthly stipends for Undergraduate and Postgraduate Studies.

1. 2025 Mastercard AfOx Scholarship at University of Oxford UK | Fully Funded

Mastercard AfOx Scholarship at University of Oxford in the United Kingdom is offering full tuition fee scholarships for all African students and will also provide Accommodations, Flight Tickets as well as complete Visa Fee throughout study.

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No IELTS Required
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2. 2024 University of Manchester Equity and Merit Scholarship in UK | Fully Funded

University of Manchester Equity and Merit Scholarship located in the United Kingdom is offering full scholarships for students from selected African countries and will also provide living stipends, accommodation as well as travel expenses throughout study.

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Benefits:
Full Scholarship, Living Stipends, Accommodation and Travel Costs
No IELTS Required
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3. 2024 Keystone Bank Graduate Program For Nigerians

Keystone Bank's Graduate Program in Nigeria offers a monthly salary and employment opportunities during the training.

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Benefits:
Training, Monthly Salary and Employment
No IELTS Required
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Beggar gets rich man’s life

Sorry I've Missed This Convergence. Next Time.

100,000€ UNBUILT Award / ArchDaily Editor-in-Chief joins jury panel

Exciting jury panel for Buildner's Unbuilt Award 2024!

Celebrate your architectural ideas and compete for the grand prize of 100,000 euros!

The Buildner’s Unbuilt Award 2024 is a grand celebration of architectural creativity and innovation. With this competition, we honor the brilliance of unrealized designs and recognize the profound value within the creative process.

Participants are invited to submit their work, whether it’s designs still on paper, detailed plans awaiting realization, or conceptual ideas seeking acknowledgment.

Both previously published and never-seen ideas are accepted. All forms of unbuilt projects are welcome, including architectural designs, interior designs, and small architectural forms such as furniture.

Jury Panel for Unbuilt Award 2024:

- Ben Van Berkel, UNStudio, Netherlands
- Ece Calguner Erzan, SOM, USA
- Francine Houben, Mecanoo, Netherlands
- Lyndon Neri, Neri&Hu Design and Research Office, China
- Michael Meredith, Princeton University, MOS, USA
- Doriana Fuksas, Studio Fuksas, Italy
- Christele Harrouk, ArchDaily, Lebanon

Please note, this is not the final jury panel, and additional esteemed members will join along the way.

Celebrate your architectural ideas and register today!

Advance registration deadline: JULY 30

REGISTER NOW
Open architecture competitions
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Pape Info Point
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Design an info stand for Pape Nature Park

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Norman Foster Foundation KHARKIV HOUSING CHALLENGE
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Redesign concrete panel housing and residential neighborhoods in Ukraine

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Museum of Emotions / Edition #5
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Use architecture to create different emotional states

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Hospice – Home for the Terminally Ill / Edition #3
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Design a safe and supportive space to those struggling with a terminal illness

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Buildner's Unbuilt Award 2024
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Celebrating your unbuilt architecture visions with a €100,000 prize

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Kinderspace: Architecture for Children's Development
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Design a kindergarten of tomorrow

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Explore the Buildner's list of the 1000+ world's most competitive architecture universities!

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vote for the ANC, is a vote for building a better South Africa. When we come back after 29 May, we will ensure that our intervention programme continues to better the lives of all South Africans.

The ANC remains the only party that takes care of the poor and vulnerable. Through the indigent policies of municipalities, poor communities are able to get 6kl of free water; 50kw hours of free electricity; subsidised refuse and sanitation removal; and discounted rebates on property rates and taxes.
We acknowledge that local government is complex, and it is widely accepted that the sector is experiencing systematic, structural, and financial challenges. Our task has always been about intervening by developing complex solutions that ensure that no one is left behind. No other party has this experience.

30 years of democracy in local government has resulted in:

• 88,5% of South Africans live in formal dwellings.
• 94,7% of South Africans have access to electricity.
• 82,4% of South Africans have piped water.
• 70,83% of South Africans receive sanitation services from
municipalities.
• 66,3% of South Africans’ waste is removed once a week.
• 89% of municipal infrastructure Grants is spent by all municipalities
in South Africa.