Posts

Showing posts from May, 2021

London’s biggest divorce case hinges on a R5bn superyacht

-
Image
  22 May London’s biggest divorce case hinges on a R5bn superyacht Jonathan Browning SHARE 0:00 SUBSCRIBERS CAN LISTEN TO THIS ARTICLE The luxury yatch Luna, owned by Azarbaijani businessman Farkhad Akhmedov. (Photo by Mustafa Ciftci/Anadolu Agency/Getty Images) At the heart of the largest money fight that London’s divorce courts have ever known sits the Luna - a 115m, nine-deck luxury motor yacht holed up at a berth in a dusty marina in Dubai. The Luna is the largest and most expensive single asset held by companies linked to oil and gas tycoon Farkhad Akhmedov, who bought the vessel from his fellow billionaire Roman Abramovich. It is also the prized target for Tatiana Akhmedova, Farkhad’s former wife of 21 years. Worth about 250 million pounds (R5 billion), seizing control of the yacht would go a long way toward satisfying a London court’s 450-million-pound divorce award in her favour. But that, Tatiana is finding out, won’t be easy. With settlement talks with her former husband ...
Post a Comment
Read more

South Africa is changing its marriage laws – but key issues are still up for discussion

-
Image
  Staff Writer 21 May 2021 Subscribe It is an incontestable fact that this country needs a new marriage policy, says home affairs minister Aaron Motsoaledi. Presenting his departmental budget speech this week, the minister said that the new policy will be based on three of the pillars of the country’s constitution – equality, non-discrimination and human dignity. The minister said that to get married in South Africa, you are required to choose between three acts of Parliament: The Marriage Act of 1961 Recognition of C ustomary  M arriage Act of 1998 Civil U nion Act of 2006 The minister  said that these  three acts have many gaps, omissions and weaknesses in that they d o not cater or give recognition to Muslim marriages, Hindu marriages and marriages conducted according to Jewish rites; He added that the current legislation fails to recognise  many traditional marriages taking place in many royal families, and do not effectively p revent  minor children fr...
Post a Comment
Read more

Popular posts from this blog

MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions

-
Image
  USINESS REPORT COMPANIES MultiChoice’s black economic empowerment scheme is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. Picture: Karen Sandison/African News Agency(ANA) MultiChoice’s BEE scheme trying to find 22 000 shareholders who are missing out on millions By Edward West   Feb 16, 2021 CAPE TOWN - PHUTUMA Nathi, the MultiChoice black economic empowerment scheme of more than 80 000 shareholders, is looking for about 22 000 shareholders who owned shares and did not receive dividends of R207 million between 2006 and 2020. “This money belongs to our shareholders. We’re calling on them to contact us to get their money. In these tough economic times we want to do everything in our power to give them what is rightfully theirs,” Phuthuma Nathi chairperson Mandla Langa said in a statement yesterday. Phuthuma Nathi has been paying dividends every year since the start of the scheme in 2006. Am...
Read more

Fighting Drug addiction

-
 Here's the story: We sat down with a man who had a harrowing journey with addiction. He began by telling us about his early days in tertiary education, where he would occasionally smoke dagga with friends. However, his focus remained on his studies, and he worked hard to graduate and secure a qualification. After landing a job, he started building a life for himself. He got married, bought a property, and even splurged on a car. Life was good, and he felt like he was on top of the world. But one fateful night, while out with friends, he was introduced to heavier narcotics. At first, the experience was exhilarating. He described it as an elevation from the mild high of dagga to a level 5 high, where he felt invincible and euphoric. The effects would last for days, allowing him to party from Friday to Sunday without sleep. The problem, however, began to manifest on Mondays and Tuesdays every week, when the withdrawal symptoms would kick in, and he'd struggle to function at work....
Read more

This New Ultralight Aircraft May Be World’s Fastest Single-Engine Business Jet

-
Image
  The speedy LAR-01's automotive interior adds comfort and luxury. Plus: The wings detach, so the jet can be stored in a home garage. By  MICHAEL VERDON           Courtesy Flaris The  Flaris  LAR-01 has a number of striking stats, including being a ton lighter (literally) than its competitors, along with an unusually short-field landing capability, and detachable wings. But its most impressive number is the 250-knot true air speed, which its designers say makes it the world’s fastest business jet among single-engine very light jets and turboprop aircraft. Flaris says recent tests “confirmed the assumptions made previously” about the effectiveness of multiple systems, including its Garmin G600 avionics and Flaris Flight Assistance System flight computer, as well as the landing gear and emergency parachute system. But it also claims more impressive stats like the 250-knot TSA at 10,000 feet. Its 6,000-feet-per-minute climb rate, adds the compan...
Read more