Tag Archives: Million

Buyout Said to Value Largest African Feedlot at $450 Million


Africa’s largest cattle feedlot is considering a management buyout that will value the company based south of Johannesburg at about 6 billion rand ($450 million), according to two people familiar with the matter.

The management of Karan Beef (Pty) Ltd. may approach the Public Investment Corp. — which manages pension funds of South African government workers — to assist it with funding, said the people, who asked not to be identified because the information isn’t public. The managers are considering purchasing a part or all of the business depending on the finance available to them, the people said.

Founded by the Karan family on their farm in 1974 with fewer than 100 head of cattle, the company now owns a herd of about 150,000 and has also purchased three adjoining farms, an…

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Zimbabwean Tycoon James Makamba To Lose South African Mansion Over $4.5 Million Debt



Prominent Zimbabwean businessman James Makamba might soon lose his sprawling mansion in Johannesburg for defaulting on a multi-million …
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A door on a Royal Caribbean ship crushed her hand. She sued for $20.3 million — and won




Royal Caribbean International may be on the hook for $20.3 million after losing a case against a former employee who suffered a catastrophic injury in 2008 while she was working on board.

In August 2008, New Zealander Lisa Spearman was a marketing and revenue manager on the Miami-based cruise line’s Voyager of the Seas, which was sailing from Barcelona, Spain.

While in port, the ship was conducting a routine fire safety drill in which some of the vessel’s semi-water tight doors — powerful doors that prevent water from flooding the ship — are closed, according to Deborah Gander, Spearman’s attorney. A nurse from the port who was unaware of the drill tried to open one of the doors with a handle. Spearman was on the other side.

As the nurse tried to pass through the door,…

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Ex-Royal Caribbean worker wins $20.3 million after door injures her hand


MIAMI — Royal Caribbean International may be on the hook for $20.3 million after losing a case against a former employee who suffered a catastrophic injury in 2008 while she was working on board.

In August 2008, New Zealander Lisa Spearman was a marketing and revenue manager on the Miami-based cruise line’s Voyager of the Seas, which was sailing from Barcelona, Spain.

While in port, the ship was conducting a routine fire safety drill in which some of the vessel’s semi-water tight doors — powerful doors that prevent water from flooding the ship — are closed, according to Deborah Gander, Spearman’s attorney. A nurse from…

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Former Royal Caribbean cruise worker wins $20.3 million case


Royal Caribbean International may be on the hook for $20.3 million after losing a case against a former employee who suffered a catastrophic injury in 2008 while she was working on board.

In August 2008, New Zealander Lisa Spearman was a marketing and revenue manager on the Miami-based cruise line’s Voyager of the Seas, which was sailing from Barcelona, Spain.

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

PanJam reports first quarter 2018 profit of $827 million


PanJam Investment Limited Chairman and CEO Stephen Facey (right) and chief operating officer Paul Hanworth look over the company’s 2017 annual report at the Courtyard by Marriott Kingston on Thursday, May 17, 2018.

(PRESS RELEASE VIA SNO): KINGSTON, Jamaica – PanJam Investment Limited (PanJam or the Group) maintains profit levels and announces strategic investments across business lines.

Net profit attributable to stockholders for the quarter ended March 31, 2018 amounted to $827.0 million, relatively unchanged relative to the same period in 2017. Earnings per stock unit were $0.79.

Total income grew by four per cent when compared to the first quarter of 2017. Property income increased by 26 per cent to $447.7 million as a result of higher rental income and property revaluation gains….

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.