This was then exacerbated by South Africa’s first lockdown as a result of novel coronavirus (Covid-19), prompting management to file for business rescue. “The company will maintain a register of shareholders who will be advised accordingly via the business rescue status reports issued monthly to affected persons.” Initially there was a suggestion that the business rescue practitioners may have continued to trade its horse racing or Betting World businesses. The plan always included selling its racetrack business, and its share of the Phumelela Gold International joint venture with Gold Circle. It will therefore be officially delisted from the JSE on 11 January, 2021. Shares in stricken South African horse racing operator Phumelela Gaming and Leisure Group will delist from the Johannesburg Stock Exchange early next year, as the business is broken up to repay creditors. Tags: Phumelela Gaming and Leisure Group This, in turn, saw creditors reject a ZAR925m (£46.0m/€50.7m/$61.7m) rival takeover bid from British operator Betfred. The plan set out by MOD will see all of Phumelela’s assets put up for sale, with net proceeds used to repay creditors. This, Phumelela noted, amounted to “an orderly winding up” of the operator’s affairs, that will leave it with “no business, no assets and no employees”. Management The MOD offer will see main creditors Rand Merchant Bank (RMB) and Investec receive 100% of money owed. Other creditors will only ZAR242.0m (72.2%) of the ZAR335.0m owed. An additional ZAR100m was originally to be made available for shareholders. The company’s chief executive John Stuart and finance director Andreas Heide both resigned when Phumelela filed for business rescue. While Andrew Langham was appointed interim finance chief, neither position will be permanently filled, with management control resting with the business rescue practitioner John Evans. Subscribe to the iGaming newsletter Phumelela shares to delist from JSE as creditors wind up business This now looks unlikely, however. Email Address “It is not clear at this stage whether, at the end of business rescue, any surplus funds will be available for distribution to shareholders,” the operator said. Regions: Southern Africa South Africa AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting Strategy Horse racing Management The business was already struggling badly after a Gauteng court ruled its joint venture with the state’s Economic Development department to be illegitimate, resulting in a major loss of earnings. As a result, its board of directors is unable to fulfil the role required of it in the JSE Listings Requirements. It fails to comply with the minimum listing criteria, such as having the ability to control its assets or affairs, or to determine its future. Trading of Phumelela shares has been suspended since 8 May, when the company was placed in business rescue – a form of bankruptcy protection – that ultimately saw it accept a rescue deal from Mary Oppenheimer Daughters (MOD). 14th December 2020 | By Robin Harrison
F1 French GP 2021 Live: Max Verstappen vs Lewis Hamilton today at 6:30 pm — Follow Live Updates RELATED ARTICLESMORE FROM AUTHOR UEFA Champions League Draw : Manchester United, PSG, RB Leipzig in group of death in Champions league Formula 1 Cricket Euro 2020: Belgium suffer another blow, after Castagne now Thorgan Hazard ruled out Chelsea will play Europa League winners Sevilla, Krasnodar and debutants Rennes. ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper WTC Final LIVE: Shubman Gill declares, ‘Total above 300 will be really competitive score for us’ YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesEnjoy Affordable Freight & Shipping Services With These Service ProvidersFreight & Shipping Quotes | Search Ads|SponsoredSponsored By Kunal Dhyani – October 1, 2020 Cricket ICC WTC Final: Ravichandran Ashwin reveals when he plans to retire from cricket Latest Sports NewsFootballUEFA Nation League Cricket WI vs SA 2nd Test Day 3 Live: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs –… UEFA Champions League draw for the new season is out. Manchester United will face Paris St-Germain, RB Leipzig, and Istanbul Basaksehir in the Champions League group stage this season.Premier League champions Liverpool will have to negotiate a group containing Ajax, Atalanta, and Danish side Midtjylland. Previous articleIPL 2020 Purple Cap : Mohammad Shami back on top in Purple Cap race ahead of RabadaNext articleIPL 2020 Orange Cap : Mayank Agarwal becomes new Orange cap holder, captain Rahul pushed down Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket Tokyo Olympics: BCCI mulls providing financial support to Tokyo-bound athletes; decision in Apex Council meeting today Virat Kohli completes 10 years in Test Cricket: 10 things you should know about India skipper- check out Cricket Cricket by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likecio.comUnlocking the Success of Digital Transformation with Active Intelligencecio.comE! OnlineCNN’s Christiane Amanpour Undergoes Surgery After Cancer DiagnosisE! OnlinePhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickManchester City is in Group D with Porto, Olympiakos, and Marseille.Meanwhile, Cristiano Ronaldo and Lionel Messi are set to face each other after Juventus and Barcelona were drawn in Group G, while holders Bayern Munich will face Atletico Madrid in Group A.The draw, which also saw Real Madrid and Inter Milan paired in Group A, took place without club officials present due to the ongoing coronavirus pandemic.And it was a particularly tough draw for Manchester United, who will play last term’s finalists Paris St-Germain, as well as 2020 semi-finalists RB Leipzig.This year’s group stage begins on Tuesday, 20 October while the final is on Saturday, 29 May at the Ataturk Stadium in Istanbul.Group stage draw in full:Group A: Bayern Munich, Atletico Madrid, Salzburg, Lokomotiv MoscowGroup B: Real Madrid, Shakhtar Donetsk, Inter Milan, Borussia MonchengladbachGroup C: Porto, Manchester City, Olympiakos, MarseilleGroup D: Liverpool, Ajax, Atalanta, MidtjyllandGroup E: Sevilla, Chelsea, FK Krasnodar, RennesGroup F: Zenit St Petersburg, Borussia Dortmund, Lazio, BrugesGroup G: Juventus, Barcelona, Dynamo Kyiv, FerencvarosGroup H: Paris St-Germain, Manchester United, RB Leipzig, Istanbul Basaksehir WTC Final Live: Kyle Jamieson continues fine Test form, rattles India’s middle-order with venomous swing TAGSChampions League GroupsJuventus – Barcelona in same groupManchester United vs PSG liveUEFA Champions League DrawUEFA Champions League Schedule SHARE Cricket PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know Facebook Twitter Football Cricket Share on Facebook Tweet on Twitter
Innscor Africa Limited (INN.zw) listed on the Zimbabwe Stock Exchange under the Industrial holding sector has released it’s 2012 annual report.For more information about Innscor Africa Limited (INN.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Innscor Africa Limited (INN.zw) company page on AfricanFinancials.Document: Innscor Africa Limited (INN.zw) 2012 annual report.Company ProfileInnscor Africa Limited manufactures and markets fast-moving and durable consumer products in Zimbabwe and exports to international markets. The company is primarily involved in maize milling and the production of stock feeds, edible oils, baker’s fat and pork products; as well as poultry, table eggs and day-old chicks. A subsidiary division manufactures and markets a range of plastic carry bags, televisions, refrigerators and other general household appliances and consumables such as rice, dairy, candles and beverages. Innscor Africa Limited was founded in 1987 and its operations comprise National Foods Holding Limited, Colcom Holdings Limited, Irvine’s Zimbabwe (Private) Limited, Bakeries, Appliance Manufacturing, Natpak (Private) Limited, Profeeds (Private) Limited and Probrands (Private) Limited. Innscor Africa Limited is listed on the Zimbabwe Stock Exchange
U.A.C of Nigeria Plc (UACN.ng) listed on the Nigerian Stock Exchange under the Industrial holding sector has released it’s 2016 presentation For more information about U.A.C of Nigeria Plc (UACN.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the U.A.C of Nigeria Plc (UACN.ng) company page on AfricanFinancials.Document: U.A.C of Nigeria Plc (UACN.ng) 2016 presentation Company ProfileUAC of Nigeria Plc is an investment holding company in Nigeria with diverse business interests in the food and beverages, real estate, paint and logistics sectors. The company also has business interests in the Ivory Coast. UAC of Nigeria Plc manufactures and sells a range of food items, livestock feed, bottled water, fruit juices and ice-creams as well as a range of paint and other home deco products. Well-known brands in its product portfolio include Gala sausage rolls, Funtime coconut chips, Supreme ice-cream, Swan natural spring water, Gossy spring water, Grand soya oil and cereals, Vital feeds, Binggo dog food, Dulux and Sandtex paint. UAC of Nigeria also offers logistics and supply chain management services which includes warehousing, transport and redistribution services. The company also manages a pension funds administration service. UAC of Nigeria invests in pharmaceutical outlets; operates a chain of Mr Bigg restaurants; owns and operates Golden Tulip Hotel in Lagos; and is involved in the development, sale and management of commercial and residential properties in Nigeria. The company’s head office is in Lagos, Nigeria. UAC of Nigeria Plc is listed on the Nigerian Stock Exchange
Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Rupert Hargreaves | Thursday, 18th February, 2021 | More on: ULVR Image source: Getty Images I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” As the Unilever share price continues to fall, I’m still buying the stock Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves owns shares in Unilever. The Motley Fool UK has recommended Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The Unilever (LSE: ULVR) share price has been a challenging investment to hold over the past 12 months. The stock is off 15%, excluding dividends, since the middle of February last year.Unfortunately, declines in the shares have only accelerated over the past few weeks. Since the beginning of the year, the stock is off around 11%, excluding dividends paid to investors. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…However, despite this performance, I’ve been adding to my position in the consumer goods giant. Mixed outlookInvestors seem to have been selling their shares in the company over the past year due to concerns about Unilever’s growth potential. The firm relied heavily on business-to-business trade before the pandemic. That meant when the world went into lockdown in the first half of last year sales suffered. Over the past year, management has been repositioning the company for the new normal. The strategy seems to have yielded results as management was able to reinstate the group’s long-term growth target earlier this year. It’s aiming for sales growth of 3-5% per annum in the long term. But this outlook has only had a limited impact on the Unilever share price. Of course, the corporation is by no means guaranteed to hit these targets. As we’ve seen over the past year, outside events can impact even the market’s largest and most defensive businesses. Other factors have also hurt the company’s growth. Labour disputes, rising costs and currency headwinds are all issues Unilever’s management has to deal with regularly. On the other hand, the company does have a diversified portfolio of products, supplying everything from Ben & Jerry’s ice cream to Brylcreem, Bovril and Cif. This level of diversification has helped the business weather the pandemic. It’s fared much better than many other FTSE 100 corporations as a result. The Unilever share price: a long-term investmentUnilever’s growth targets suggest the company won’t become the market’s fastest-growing enterprise anytime soon. Nevertheless, it does imply the business is aiming for slow and steady long-term growth from its portfolio of billion-dollar brands.That’s why I like the group. It’s not going to shoot the lights out, but I think it’s more dependable than many other businesses, thanks to product diversification. What’s more, after recent declines, the Unilever share price currently supports a dividend yield of just under 4%. This distribution isn’t guaranteed forever. If the company’s earnings suddenly take a dive, for example, management may have to cut the payout to reduce cash burn.However, Unilever seems to be committed to the dividend for the next year at least. That’s highly positive, in my view. So, overall, considering the company’s defence nature and attractive dividend yield, I’d buy the stock for my portfolio today. Still, this organisation may not be suitable for all investors, considering its modest growth targets and potential headwinds. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Rupert Hargreaves
Houses Projects Multilevel House / Studio SA_e Indonesia Architects: Studio SA_e Area Area of this architecture project Year: Manufacturers: Jotun, Toto, Dekson, Milan tile, Sakura roofSave this picture!© Ario AnditoRecommended ProductsWoodSculptformTimber Click-on BattensSkylightsFAKROWooden pivot roof windows FYP-V proSkySkylightsLAMILUXFlat Roof Exit Comfort DuoWoodLunawoodThermowood FacadesText description provided by the architects. Located in Pondok Indah Residential, south Jakarta, with dimension 20mx6m this house located in commercial areas it’s office, mall, retail and urban density. Multilevel house try to responses the site and urban’s people needs.Save this picture!© Ario AnditoNowadays, the urban society need house not only for home to sleep, eats, and family, but also they need additional facility that related with they activity. In this house, owner want many facilities which are for working, exercise, reading books and socialize. So that owner needs 2 master bedroom, living room, dinning room, mini library, and private work space.Save this picture!Picture 01In designing, Studio Sa_e uses the philosophy of krowakisme (krowak = hole), by utilizing voids and skylights the atmosphere from the top floor of the ground to the second floor is wider and infinite. With the provisions of a large void, it can be incorporated into buildings and air well circulated, and also inter-floor interactions can happen.Save this picture!© Ario AnditoThis building is designed using a multilevel concept in planning the layout to accommodate the many needs. Multilevel concept means a room are arranged in an “above-below” relation.Save this picture!© Ario AnditoOn the lowerground floor there are service areas such as kitchens, laundry rooms, maid rooms and there is a fitness room and powder room. The ground floor is a semi-private area with 1 master bedroom, then there is a dinning room, and a clean kitchen on the upper floor. The 1st Mezzanine floor is filled with a living room for family and guest gathering areas, above which the 2nd floor is a private area of this house, there is 1 master bedroom, 2 guest rooms. Especially in the master bedroom area there is a 2nd mezzanine for the workspace, reading room, dressing room and master bathroom.Save this picture!Section 01Save this picture!Section 02Each floor of the lower ground to the 2nd floor is accessed by stairs, the interesting thing is access to the master bedroom on the 2nd floor using bridge as a strategy to distinguish the level of privacy on the 2nd floor. On the face of the building on the mezzanine 2nd floor, a balcony formed with a roof leads to an urban view around this house, and there is a window that framing the urban site. The Materials uses a lot of natural elements such as natural stone, and wood that is applied to the stairs and the corridor floor and circulation.Save this picture!© Ario AnditoProject gallerySee allShow lessBreeze Market / FON STUDIOSelected ProjectsDrama Stage of Beihedong Village / Fuyingbin StudioSelected Projects Share ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/907911/multilevel-house-studio-sa-e Clipboard Area: 120 m² Year Completion year of this architecture project 2017 Photographs: Ario Andito Manufacturers Brands with products used in this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/907911/multilevel-house-studio-sa-e Clipboard “COPY” Photographs CopyHouses•Kebayoran Lama, Indonesia Multilevel House / Studio SA_eSave this projectSaveMultilevel House / Studio SA_e Save this picture!© Ario Andito+ 43Curated by María Francisca González Share “COPY” CopyAbout this officeStudio SA_eOfficeFollowProductsWoodGlassStone#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesKebayoran LamaIndonesiaPublished on December 20, 2018Cite: “Multilevel House / Studio SA_e” 19 Dec 2018. ArchDaily. Accessed 11 Jun 2021.
Photographs: Ty Cole Manufacturers Brands with products used in this architecture project Sam’s Creek House / Murphy Burnham & Buttrick ArchitectsSave this projectSaveSam’s Creek House / Murphy Burnham & Buttrick Architects Sam’s Creek House / Murphy Burnham & Buttrick Architects Photographs Houses United States Save this picture!© Ty Cole+ 19Curated by Paula Pintos Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/917297/sams-creek-house-murphy-burnham-and-buttrick-architects Clipboard Architects: Murphy Burnham & Buttrick Architects Year Completion year of this architecture project CopyHouses, Sustainability•Bridgehampton, United States 2017 ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/917297/sams-creek-house-murphy-burnham-and-buttrick-architects Clipboard “COPY” Manufacturers: DuPont, Petersen Tegl, 7”wide European White Oak engineered plank, Custon Mahogany wood, Grigio Carnico from ABC Stone, Ipe wood, Roman Travertine from ABC StoneSave this picture!© Ty ColeRecommended ProductsDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteDoorsVitrocsaGlass Technology in Hotel BeaulacDoorsLibartVertical Retracting Doors – Panora ViewMetallicsKriskadecorMetal Fabric – Outdoor CladdingText description provided by the architects. Situated on a slip of land between Sams Creek inlet and the Atlantic Ocean, the home design for a young family comprises intersecting layers of transitional indoor-outdoor spaces and generous expanses of glazing that filter sunlight and views through its interiors.Save this picture!© Ty ColeThe siting of the project, with the pool situated on the eastern side of the property, allows the house to open up to a great lawn, vegetated wetlands, and sunsets over the inlet, and capture views to the ocean from the roof. Constructed of mahogany shiplap siding counterbalanced by an abundance of glass walls and windows, the house is composed of two main volumes—a block and a bar—connected by a recessed, transparent link.Save this picture!© Ty ColeA series of layered rooms on the first floor span the breadth of the block and intersect in a continuum of light and space. Interiors transition from an informal kitchen-dining-living area, to a screened porch, to an open-air terrace. The bar houses a guest suite and a cabana that opens onto the pool. The private second floor includes a master suite in the bar, intersect with outdoor spaces and daylight filtered through skylights, large windows, and slatted screens.Save this picture!© Ty ColeA roof deck lounge provides views across the Atlantic Ocean. The house, designed for resiliency, meets all FEMA Flood Zone Hazard standards and local tidal wetlands and waterways permit requirements. Abundant filtered daylight and natural building materials are supplemented with solar panels to maximize sustainability. Save this picture!Ground floor planSave this picture!1st floor planAdditional Background:The design of this second home for a family of four, situated on a slip of land between Sams Creek inlet and the Atlantic Ocean, is inspired by the setting – the goal is for natural light and water views to permeate the house and suffuse the experience of living in it.Save this picture!© Ty ColeA sensitive, thoughtful approach to the setting and to the balance of public and private is this project’s calling card. With its location on a scenic inlet and its counterbalanced use of glass walls and mahogany shiplap siding, this project offers a seamless transition between indoors and out, maximizing the residents’ access to and views of the surrounding landscape while still lending a sense of privacy and refuge.Save this picture!© Ty ColeA clever two-volume composition reinforces this balance of public and private: The main block volume is devoted to living spaces while the bar volume, off to one side and aligned with the pool, is dedicated to private suites and a poolside cabana.Save this picture!© Ty ColeA recessed two-story, fully glazed link provides a transparent break between the two volumes, and connects the two components on the upper floor. A series of layered spaces on the first floor span the breadth of the block and intersect in a continuum of light and space. Interiors transition from an informal kitchen-dining-living area, to a screened porch, to an open-air terrace.Save this picture!© Ty ColeThe bar houses a guest suite and a cabana that opens onto the pool. Private second floor spaces, including a master suite in the bar, intersect with outdoor spaces and daylight filtered through skylights, large windows, and slatted screens. A roof deck lounge provides views across the Atlantic Ocean. Save this picture!© Ty ColeThe siting of the project at the southern end of the property, nearest to the road, allows the house to open up to the sunsets over Sam’s Creek inlet, and captures views to the Atlantic Ocean from the roof deck. Comprising intersecting layers of transitional indoor-outdoor spaces and generous expanses of glazing, the house filters sunlight and views through its interiors. A pool is situated on the eastern side of the property, affording uninterrupted views of the vegetated wetland, the dock, and the inlet waterway.Save this picture!© Ty ColeWith its location on protected waterfront land, the house is imbued with an inherent sustainability – it was designed according to FEMA Flood Zone Hazard standards and local tidal wetlands and waterways regulations. MBB also incorporated additional sustainable design elements including solar panels, highly efficient mechanical systems, and green building materials.Save this picture!© Ty ColeProject gallerySee allShow lessA Great Small Apartment in Tel-Aviv / Nitzan Horovitz Architectural design studioSelected ProjectsNomadic Hotel / Salagnac ArquitectosSelected Projects Share Projects Year: “COPY” CopyAbout this officeMurphy Burnham & Buttrick ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesSustainabilityBridgehamptonUnited StatesPublished on May 23, 2019Cite: “Sam’s Creek House / Murphy Burnham & Buttrick Architects” 23 May 2019. ArchDaily. Accessed 11 Jun 2021.
SHARE Facebook Twitter By NAFB News Service – Jul 8, 2019 SHARE Facebook Twitter May exports of U.S. pork and beef were steady with last year’s strong volumes and increased year-over-year in value. The U.S. Meat Export Federation says pork exports totaled 218,000 metric tons in May, steady with last year’s pace, while value increased one percent to $567 million, the highest monthly value total since April 2018.For January through May, pork exports were still four percent below last year in volume and down 10 percent in value to $2.57 billion. USMEF President and CEO Dan Halstrom called the May pork exports “very encouraging, especially the renewed momentum in Japan and China/Hong Kong.”May beef exports were also steady year-over-year in volume at 117,500 metric tons, while export value increased one percent to $727.6 million, the second-highest on record, trailing only the August 2018 total of $751.7 million. For January through May, exports were three percent below last year’s record pace in volume, but only slightly lower in value at $3.3 billion. Home Indiana Agriculture News Pork and Beef Exports Rebound in May; Volume and Value Reach 2019… Pork and Beef Exports Rebound in May; Volume and Value Reach 2019 Highs Previous articleHang On, The Wild Ride Has Just Begun for U.S. Crop Prices on the HAT Monday Morning EditionNext articleChina, U.S., Still Far From Ending Trade War NAFB News Service
Receive email alerts Aleksandar Vucic / ANDREJ ISAKOVIC / AFP June 21, 2017 Who owns the Media in Serbia? Nearly half of UN member countries have obstructed coronavirus coverage Organisation Help by sharing this information News SerbiaEurope – Central Asia Activities in the fieldReports and statisticsMedia independenceEvents Conflicts of interestEconomic pressureFreedom of expression Respect judicial independence in cases of two leading journalists in Serbia and Montenegro, RSF says News Follow the news on Serbia News to go further Serbia and Montenegro: Are judges protecting journalists or their aggressors? SerbiaEurope – Central Asia Activities in the fieldReports and statisticsMedia independenceEvents Conflicts of interestEconomic pressureFreedom of expression June 7, 2021 Find out more 21 June 2017 – Political influence and concentration distorts the Serbian media market. The resulting lack of plurality can be detected in Television and Radio, but also with the printed press. This is one of the results of the three-months-long investigative research that Balkan Investigative Reporting Network (BIRN) and Reporters Without Borders have jointly carried out. The results of the “Media Ownership Monitor Serbia” are presented in Belgrade today. They shed light on the Serbian media market disclosing who owns and ultimately controls Serbian mass media. The results of the project are accessible in Serbian and English on serbia.mom-rsf.org. The site offers comprehensive information about the media landscape in the country as well as a database of major media outlets, companies and their owners to the general public.“MOM allowed us to uncover the weaknesses of the media sector which in Serbia is economically starved and therefore vulnerable to political influence.” – stated Nafisa Hasanova, RSF-Project Manager of MOM in Serbia. Tanja Maksic, Programme Coordinator at BIRN thinks that “our research showed a major discrepancy between the national and local media. Where national media get all the attention and profits, the local media – more than one thousand outlets – remain underregulated, underfinanced and prone to illicit practices, intransparent ownerships and dealings in general.” HIGH MEDIA AUDIENCE CONCENTRATIONThe Media Ownership Monitor has revealed that the media market in Serbia is highly concentrated. The top four owners in Serbia’s Television market, one of them being the Public Broadcasting Service (PBS), reach an audience of almost two thirds of the viewers (62%). An equally high concentration can be observed in printed press, where the top four owners (Ringier Axel Springer Media AG, Adria Media Group, Insajder Tim and Kompanija Novosti) have a combined readership of 63 percent. In Radio, still more than half of the audience (51%) is attributed to the four market leaders – S Media Team, Maxim Media Group, Public Broadcasting Service and Antenna Group. This poses a high risk to media pluralism in the country. The research also revealed a high level of cross-media concentration of the audio-visual, print and online sectors. With high audience shares across TV, Radio and online, the state-owned Public Service Broadcaster takes the lead. It is followed by Pink, Antenna Group, S Media Team and Maxim Media being the strongest private, commercial players in electronic media sector. However, in Serbia cross-media ownership remains separate between audio-visual and print sector. There is no single media company active in all four media sectors. Major owners of TV outlets tend to have radio outlets as well, whereas publishers of print media tend to have online editions of their outlets. In print and online, Ringier Axel Springer Media, Adria Media and Insajder Tim (publisher of Informer daily and online) dominate the audience shares. STRONG INFLUENCE OF THE STATE The Serbian media market is small and oversaturated with media working under harsh economic pressure. There are more than 1600 media outlets registered in the Serbian Business Registry Agency (SBRA), although due to a poorly regulated media system, the exact number of registered active media outlets remains unknown. The two public broadcasters – RTS with national coverage and RTV with regional – receive most of their revenues from the state budget. Besides that, they are competing with other media outlets for shares on a shrinking advertising market, which according to Nielsen was worth round 174 million Euro in 2016. This cannot sustain the economic survival of all currently active media outlets. Due to the permanent lack of capital, the state still has a significant role and impact on the media market. It controls media through ownership, but dominantly through different models of state funding. Public funds are distributed arbitrarily and in a nontransparent manner, usually in favor of pro-government media outlets, without clear and measurable criteria, public controls and evaluations. For years the state through its Ministries and public enterprises has also been the biggest advertiser in the country. Besides, it exerts pressure on the media market through selective enforcement of tax laws: While the bank accounts of a newspaper critical of the government may be blocked due to “unpaid income taxes”, another outlet may stay untouched although owing millions of euros in unpaid taxes. The total amount of state aid on the market and state advertising budgets is unknown to the public, but only 20 percent of state funding to media outlets is awarded through competitive processes.The dependency on state funding makes most media rather propagandists of the ruling party than objective and impartial providers of information for citizens. This became visible during the presidential elections in April 2017, when Aleksandar Vucic – both prime minister and presidential candidate at the time – had ten times more airtime on national broadcasters than all other candidates combined. Critical reporting on government politics is found mostly in online media and investigative centers such as the Center for Investigative Journalism Serbia (CINS), the Crime and Corruption Reporting Network (KRIK), BIRN and the news sites of Istinomer, Insajder, Cenzolovka, Juzne vesti and Voice.NO FULL OWNERSHIP TRANSPARENCY AFTER MEDIA PRIVATIZATION In a process of media privatization, that began in 2015, the state was supposed to give in an ownership of 75 media outlets. Until today, less than half of them have been privatized, although the privatization process is formally finished. Only 34 former state-owned media were actually sold, while many others were closed leaving more than 1000 journalists without a job. Media privatization has given rise to local media ownership concentration with businessmen buying several media outlets at a time in some regions as was the case with businessman Radoica Milosavljevic and the Kopernikus Cable Network, both close to the ruling Serbian Progressive Party (SNS). In the sample of 48 media, investigated by BIRN and Reporters Without Borders, seven had intransparent ownership structures. Particularly two leading papers – Vecernje Novosti and Politika – have unresolved, opaque ownership structures and are effectively state-run. For the majority of the media outlets and related companies, ownership data was at least publicly available at the Serbian Business Register’s Agency (SBRA) and other public registers. Much of the transparency scoring goes to public media PBS, legally obliged to publish details about its ownership proactively and comprehensively. Still, record keeping and data available in public domain could further improve, especially, through Media Register run by SBRA, where current available data are incomplete and outdated. LOCAL MEDIA CONCENTRATION BELOW THE RADARThe media is regulated by well-formulated laws specific to media sector with an exception of online media. Yet the enforcement of these regulations remains problematic. The threshold for media concentration is set rather high, alarming only at a level of 35 percent of audience shares. Numerous concentrations of local media, influencing media pluralism and fair market competition, thus remain under the radar and out of the public eye. Local and regional media hardly reach one percent of the audience share and several of them, when combined under one ownership structure, do not fall under concentration in legal terms, but are de facto changing the local informational landscape.MEDIA OWNERSHIP MONITOR: A GLOBAL RESEARCH PROJECTInitiated by Reporters Without Borders (RSF), the Media Ownership Monitor project is a global research and advocacy effort to promote transparency and media pluralism at an international level. In Serbia, it was conducted together with the Balkan Investigative Reporting Network (BIRN) from April to June 2017. The sample of media investigated included 48 media: 11 television outlets, 10 radio stations, 15 print editions and 12 online outlets. RSF’s partner BIRN, the Balkan Investigative Reporting Network, is a network of local non-governmental organisations promoting freedom of speech, human rights and democratic values. Through high quality reporting and creating a pool of skilled journalists BIRN examines and scrutinises key processes, steers debates and provides the public with impartial and reliable information. BIRN Network also monitors and advocates for the transparency and accountability of public institutions and enables CSOs and citizens to influence decision-makers. The project is financed by the German government. Country studies were so far published in Colombia, Cambodia, Tunisia, Turkey, Ukraine, Peru, the Philippines and Mongolia. In addition to Serbia, this year, MOM investigates media markets in Ghana, Brazil, Pakistan and Morocco. For more visit the MOM website: http://www.mom-rsf.orgMedia Contacts:Balkan Investigative Reporting Network (BIRN)Tanja Maksic [email protected] Tel.: + 381637116693Reporters Without Borders GermanyUlrike [email protected] Tel.: +49-30-6098953355 July 2, 2020 Find out more Media Ownership Monitor presented by RSF and BIRN News RSF_en June 29, 2020 Find out more