Drake, Gretzky and Monica among the stars at NBA Finals Game 5

first_imgSome of Canada’s biggest names were at NBA Finals Game 5. The country was on the verge of getting its first NBA championship.It all starts with Drake, who wore a more subdued and less trollish outfit. Hockey legend Wayne Gretzky was also on hand. Two female sports stars golfer Michelle Wie and tennis player Eugenie Bouchard sat courtside. One of the most famous Raptors players Vince Carter represented his old team.During the breaks in the contest, Torey Lanez and Baka Not Nice performed for …last_img

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Pensions won’t be nationalised: Manuel

first_img30 June 2008South Africa’s workforce need not cash in their provident fund savings out of fear that the government will nationalise the funds, says Finance Minister Trevor Manuel.Manuel’s statement comes after certain service providers warned their clients to cash in their savings, claiming that the government was threatening to seize them.“Since the announcement of the reform of retirement funds in the national budget in February, service providers have told people that government is going to nationalise pensions and is going to take away your savings, so you will only get the statutory state old age pension when you retire,” Manuel told reporters in Pretoria last week.“It would be reckless, impossible and unconstitutional that any one of us would agree with the confiscation of the savings of working people.”Manuel said he had heard that workers were withdrawing their savings, and that some were going so far as to resign from their jobs in order to cash in their pensions.He was accompanied by Social Development Minister Zola Skweyiya and several trade union leaders.Savings levels ‘too low’Skweyiya said he was concerned that these withdrawals would impact on the workers themselves and their families as they approach retirement, and that it would impact on the country, as savings levels are already too low.“The government and trade unions share a commitment to improve the living standards of our people and we want to collaborate in working towards this objective,” he said.“Part of this commitment is to ensure that all workers are able to live a better life when they retire than live in dire poverty in old age.”Report ‘unscrupulous individuals’Skweyiya called on all shop stewards and trustees of pension and provident funds to report these “unscrupulous individuals and service providers” to trade union offices, government and regulatory agencies.He said that some government departments and the trade unions would embark on road shows to visit factory floors around the country, and ensure that shop stewards and workers were prevented by being misled.Source: BuaNewslast_img read more

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Wits University receives R100-million from anonymous donor

first_img30 October 2014The University of the Witwatersrand in Johannesburg will most probably channel part of the R100-million donation towards the Wits Arts museum, with the rest going to advance research at the institution.The donation is from a long-time supporter of Wits University who has asked to remain anonymous. Chances are that R10-million of the donation will go towards the Wits Arts Museum and the rest will go towards research and/or teaching, the university said in a statement.Wits Vice-Chancellor and Principal Professor Adam Habib said the money will go a long way towards advancing higher education in general.“It is a great honour for Wits to receive funding of this magnitude from a South African who has seen it fit to invest in Wits, and in higher education, a sector that develops the future leaders of our country,’ said Habib.However, Habib said the university is still working out the “specific details’ of how the funds will be expended, but the institution is “always in need of funds to attract and retain talented academics and students, and to support the research and teaching activities’.Habib said it is rare that universities in South Africa receive funding of this magnitude from sole philanthropists, as the majority of external funding is sourced from corporates and state funding agencies locally, and international trusts and foundations.“A distinguishing feature of this donation is also that it is unrestricted. The university leadership has been granted the autonomy to deploy this donation as it deems best to enhance teaching and research at Wits. Such donations are rare and is to be particularly applauded,’ said Habib, adding that such donations, however, are important for Wits to remain a leader in research and service excellence.The Wits Group has an annual turnover of about R4-billion and to remain globally competitive, the institution is increasingly looking towards third stream income. Most universities in South Africa obtain their funding via three income streams – state subsidy, student fees and third stream income.On its website , Wits claims it is the recipient of the highest levels of external financial support of all universities in South Africa, from donors and partners all over the world.“I believe that Wits is an active social leader that seeks to advance the public good. An investment in Wits and in our universities today is an investment in our youth, and the future of our country,’ said Habib.SAinfo reporterlast_img read more

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