Podcasts about soes

Lester Kiewit speaks to Mmusi Maimane, the leader of Build One South Africa, about their proposed budget plan, which seeks to eliminate a VAT hike, but requires reforms to bodies like the Road Accident Fund and cutting bailouts to SOEs. Is it as simple as that?See omnystudio.com/listener for privacy information.

Few things are more ironic than releasing a China focused episode on Liberation Day. Nevertheless, here we go!In this episode of The Business Brew, host Bill Brewster interviews Jingshu Zhang, a persistent listener who recommended looking into China's investment opportunities. Zhang shares his journey from studying in the United States to becoming a successful investor with a unique focus on Chinese assets. They discuss Zhang's experience navigating the Chinese market, the impact of geopolitical tensions, the advantages of holding Chinese state-owned enterprises (SOEs), and specific investment opportunities like Pinduoduo and Tencent. Zhu offers insights into managing risk, the macroeconomic environment, and the regulatory landscape in China. Disclaimer: All content is for entertainment purposes only and not financial advice.  00:00 Introduction and Guest Background 01:15 Investment Opportunities in China 04:04 Challenges and Sentiments Towards Chinese Investments 08:15 Competitive Landscape and Market Dynamics 15:50 Case Study: TK Group and Industrial Sector Insights 22:55 Pinduoduo's Growth and Strategy 34:37 Exploring Global Investment Opportunities 35:19 US Market Insights and Mid Cap Focus 36:08 Tech Giants and Valuation Comparisons 36:13 Tencent: The Super App of China 43:32 State-Owned Enterprises and Investment Safety 53:20 Environmental Regulations and Investment Opportunities 56:59 Delisting Fears and Investment Strategies 01:04:09 Short Selling Challenges and Lessons Learned 01:07:49 Final Thoughts and Contact Information 

State-Owned Enterprises (SoEs) in the Oil & Gas sector play a critical role in ensuring energy security for the country. They are among the most diversified entities, spanning the entire oil & gas value chain—from upstream to downstream operations. But as India moves toward its net zero goals, the question arises: Can oil & gas SoEs diversify into clean energy sectors? What challenges must they overcome to adapt? And how can they improve carbon management in a Net Zero India?To explore the evolving role of Oil & Gas SoEs in India's energy transition, we spoke with Mr. Deepak Tandon, Executive Director of the Carbon Management and Sustainability Group at ONGC Ltd. With over four decades of experience in Indian SoEs, Mr. Tandon shares invaluable insights into how SoEs future in a net zero India. Full transcript of the episode is available in English Presented by 101Reporters Deepak Tandon is on LinkedIn Follow TIEH podcast on Twitter, Linkedin & YouTubeOur hosts, Shreya Jai on Twitter, Linkedin & Dr. Sandeep Pai on Twitter, Linkedin

In the latest Sunday Show with Neil de Beer, the President of the United Independent Movement (UIM), speaks about Budget negotiations threatening the Government of National Unity (GNU) as Deputy President Paul “Slimy” Mashatile is rumoured to be leading talks with the Economic Freedom Fighters (EFF) for support that would see the Democratic Alliance (DA) left out in the cold. De Beer laments everything in South South Africa that is “moer toe", including SOEs, municipalities and the SANDF. He talks about the US' latest strike against South Africa, and reveals how he would fix the SANDF; but says SOEs, ‘which there is no more saving of”, should be sold off to the private sector. Meanwhile, he counts on next year's municipal elections to produce new leadership to save bankrupt, non-performing municipalities as the ANC appears incapable of self-correcting. “They have shown themselves not capable and they have had 30 years of trying to be capable and they have absolutely not performed… if the saving of the ANC in the short term has now been the destruction of the country in the long term…That is another debate to be had.” He also gives his take on the Constitutional Court's decision not to hear AfriForum's appeal that chanting “Kill the Boer” is not hate speech - and calls on South Africans to be more sensitive on what is socially acceptable.

The role of State-Owned Enterprises (SoEs) in India's energy transition cannot be overstated. SoEs, or Public Sector Undertakings (PSUs), control majority of India's fossil fuel production and provide millions of jobs across the country. As India accelerates its energy transition, these enterprises will play a crucial role in scaling the rapid deployment of clean energy. Historically, SoEs have been key drivers of economic growth and local welfare. However, they are often seen as bureaucratic, slow in decision-making, and susceptible to political influence.To gain insights into the role Indian SoEs can play in this energy transition, we spoke with Dr. B. Veera Reddy, Former Director (Technical) of Coal India Limited and Chairman-cum-Managing Director of Central Coalfields Limited. Dr. Reddy brings nearly four decades of experience working with Indian SoEs. Full transcript of the episode is available in English Presented by 101Reporters Follow TIEH podcast on Twitter, Linkedin & YouTubeOur hosts, Shreya Jai on Twitter, Linkedin & Dr. Sandeep Pai on Twitter, Linkedin

About the Lecture: This lecture is part of the Student Speaker Series Through engagements like the Digital Silk Road and various state-owned enterprises (SOEs), the Chinese Communist Party (CCP) has succeeded in creating an immense global network for data collection and stores of the world's data. This capability is unnerving, but a more serious threat emerges coupled with CCP's intentions to dominate on the world stage. Direct risk to the US varies depending on how the CCP will learn to process and use this data—whether for economic or coercive advantage. We can assume they would seek both, but the US knows little about what or how much data has been collected or the advancement of Chinese data learning technologies. Using the international financial system as inspiration, a model for monitoring, limiting, and reporting on global data collection and trading emerges that could provide the transparency needed to prevent China from conquering the datasphere. About the Speaker: Laren Reesman came to IWP with a B.A. in Intelligence Studies and double minors in French and Anti-Money Laundering from Mercyhurst University in Erie, Pennsylvania. She has always been interested in public service, foreign affairs, and policy. Laren completed her Master of Arts in Statecraft and National Security specializing in Defense at IWP summer of 2024. She has focused on China as a US adversary and hopes to help strengthen the US against Chinese threats. Laren honed her research skills through her time at IWP and is excited to share a relevant and emerging topic with her peers. Registration is available at the door if seating permits. **Learn more about IWP graduate programs: https://www.iwp.edu/academic-programs/ ***Make a gift to IWP: https://interland3.donorperfect.net/weblink/WebLink.aspx?name=E231090&id=3

Nosipho Radebe is in conversation with Dr. Nimrod Mbele, Corporate Governance Expert and Managing Director at Knowledge Anchor Group (KAG)See omnystudio.com/listener for privacy information.

Experts have suggested categorising South African state owned enterprises into strategic and non-strategic entities. With around 700 SOE's at the national, provincial, and local levels, many are struggling to make a profit. Professor Dilip Garach argues that these entities should rather be privatised, while government remains a shareholder. His remarks come as Finance Minister Enoch Godongwana is set to table the national budget that will outline government spending priorities. SABC News Economics Reporter Nosipho Radebe has the details.

In this episode, Tu and Lei discuss the latest developments in the electric vehicle (EV) sector, focusing on BYD's recent announcements regarding their smart driving technology, the competitive landscape of the automotive industry, and the implications of state-owned enterprises in China. They explore the challenges and opportunities for both domestic and international players in the EV market, emphasizing the significance of technological advancements and market dynamics. The conversation also touches on the future of EVs and the evolving regulatory environment.

Stephen Grootes speaks to Khaya Sithole, Chartered accountant about the bleak prospects of ailing state-owned entities, such as the Post Office, receiving a bailout in the upcoming 2025 Budget Speech, despite their dire financial situations.See omnystudio.com/listener for privacy information.

Khaya Sithole – Independent Analyst SAfm Market Update - Podcasts and live stream

This evening we look at the markets with Exness, Dr Azar Jammine of Econometrix discusses Trump's inauguration and how SA will be affected by his executive orders, independent analyst Khaya Sithole discusses the call to list state-owned enterprises on the JSE, we speak to J2 on exemptions to SA privacy laws impacting our security, and take a look at home loan trends with ooba. SAfm Market Update - Podcasts and live stream

India has the world's largest population, but can it be the next global economic superpower? Or will extreme poverty, inequality, unemployment, and lack of industrialization and manufacturing capacities hold it back? Why is the Western media so eager to portray India as a pro-Western alternative to China? Ben Norton is joined by economic historian Jyotishman Mudiar to explore these questions and more. VIDEO with charts here: https://www.youtube.com/watch?v=hXU42fqJ6g4 Check out Jyotishman's channel India & Global Left: https://www.youtube.com/c/IndiaGlobalLeft Topics 0:00 Intro 4:32 Is India the next economic superpower? 12:37 Technology 16:39 Geopolitics 20:27 Indian stock market 22:37 Quality of life 34:21 Billionaire oligarchs like Adani & Ambani 42:09 China controls its billionaires 44:42 China's state-owned enterprises (SOEs) 46:22 Manufacturing in India vs China 49:24 Privatization in India 54:37 India's manufacturing stagnation 56:58 Can services replace manufacturing? 1:08:02 India's dependence on US Big Tech 1:18:43 AI, automation, & population growth 1:29:50 Agriculture in India 1:43:09 Outro

O.D. Kobo is an accomplished alternative asset manager and global investment strategist with nearly three decades of experience in the finance and technology sectors. Kobo specializes in partnering with state-owned enterprises (SOEs) and state-owned investment funds (SOIFs), including sovereign wealth funds (SWFs), to manage and structure large-scale capital initiatives. He has developed a significant network of relationships through collaborations with financial institutions, family offices, and capital market participants across Asia, Europe, Africa, Russia, and the Gulf. Kobo has helped facilitate joint ventures with governments and public-private entities, focusing on mergers and acquisitions and capital raising for high-value projects with an aggregate value exceeding $10 billion dollars. Recognized for his expertise in capital structuring, debt financing, equity formation, and cross-border deal management, he maintains close associations with institutions such as Abu Dhabi Investment Authority (ADIA), Alibaba, Asia Pacific Royalties LP Fund (APAC), Bank of China, Belt & Road EPC LPF (BRF), Chelsfield Partners, China Investment Corporation (CIC), China Mobile, CITIC Group, Focus Media, Haitong Securities, Olayan Group, Public Investment Fund (PIF), and Qatar Investment Authority (QIA). He has also partnered directly with prominent figures, including HH Al Thani (former Prime Minister of Qatar, Chairman of the QIA), Roman Abramovich (Millhouse Capital), Richard Caring (Caprice Holding), Ding Lei (Netease), Teddy Sagi (Labtech, Playtech), among others. In 2018, he led strategic investments in BTC and Ethereum, positioning PIR Equities as one of the UK's early institutional investors in digital assets. Earlier in his career, Kobo built and sold companies to firms including QIA, MetLife, Lenovo, American Movil, Tencent, Yahoo, and NetEase.Chapters: 00:00 Introduction to O.D Kobo00:38 The Stress of High-Stakes Dealmaking01:28 Meeting Odi Kobo: A Personal Story05:48 O.Ds Early Life in Hong Kong06:42 Navigating Cultural Identity10:45 Educational Journey: From Hong Kong to London26:02 First Business Ventures: Lottery.com32:02 Domain Squatting Success40:33 Living the High Life in London46:21 Building an Investment Network48:27 Young Millionaire in Late 90s London49:22 Moving to Hong Kong and Starting Sinoshin50:44 Structuring Deals and Investor Relations53:27 Life in Hong Kong and Early Investments01:00:15 Massive Returns and Managing Investor Expectations01:16:31 Transition to Beijing and Starting 36001:32:11 The Quest for a Hundred Million01:32:42 Meeting Rahman Abdul Alassir01:35:18 The Deal Makers01:37:16 Structuring the Big Deal01:40:38 Scaling the Internet Company01:41:50 The Geneva Meetings01:47:13 The Doha Presentation01:58:14 A New Chapter in London01:58:56 Taking a Year Off02:13:08 Back to Business in Hong Kong02:17:17 The Challenges of High-Stakes Real Estate Deals02:17:52 Building Relationships in China02:18:22 Living in Beijing: The Good and the Bad02:18:43 Understanding the Belt and Road Initiative02:19:42 China's Role in Global Infrastructure02:26:00 The Future of Data Centers02:34:05 The Stress of Moving Large Sums of Money02:37:06 Reflections on Career and Life Choices02:43:55 The Impact of Global Events on Personal Life02:48:24 Concluding Thoughts and Future OutlookGary Lipovetsky: https://www.instagram.com/garylipovetskyO.D Kobo: https://www.instagram.com/odkobo

On the last Sunday Show of 2024, Neil de Beer, the President of the United Independent Movement (UIM), issues a stern warning to Julius Malema, the re-elected President of Economic Freedom Fighters (EFF), over his latest “derogatory, violent and revolutionary speech”:    “Ons sal jou moer. We will not allow you to destabilise this beautiful country. Law enforcement, Defence Force and Intelligence, they know they have absolutely our support - and we will have their back.” De Beer once again slams President Cyril Ramaphosa's handling of the BELA Act. However, he has praise for three African National Congress (ANC) Ministers: Finance Minister Enoch Godongwana, Electricity Minister Kgosientsho Ramokgopa, and Police Minister Senzo Mchunu. He also hails the work of Democratic Alliance (DA) Home Affairs Minister Leon Schreiber. Furthermore, De Beer speaks about the “Green Communists” in the ANC, sketches two options for the future of South Africa's struggling SOEs, and explains why he regards Bitcoin as an “emotional currency”.

(0:00) Intro(3:27) About the podcast sponsor: The American College of Governance Counsel.(4: 14) Start of interview. (4:56) Drew Shagrin's origin story.(8:12) David Chekroun's origin story.(14:15) About the Institute of Corporate Governance at ESCP Business School, based in Paris.(19:13) The focus of ICG between students, alumni, execs, directors, investors, state representatives, judiciary, and regulators.(24:57) Corporate purpose under French law: changed in 2019 to explicitly take into consideration E&S issues.(27:53) Comparing ESG trends from France & EU. The G is rooted in each member state, but E&S falls under the EU green deal.(33:50) On board diversity: differences between US, France & EU. Sources: Copé Zimmermann Law (2011), Gender Equality Index (2018): on gender pay gaps, and Rixain Act (2021).(41:32) On State Owned Enterprises (SOEs) and the role of the state in corporate governance.(45:46) On the role of the state in promoting tech industry (startups and scale ups). BPI.(48:55) On employee representation in the boardroom. In France, since 2013.(54:19) On Entreprise à Mission structures and PBCs, balancing profit with social responsibility (in AI). The Danone case.(58:24) Challenges of corporate governance in France: share value, board composition, and stewardship. AFEP and MEDEF.(50:38) What are the 1-3 books that have greatly influenced your life: David:The World of Yesterday by Stefan Zweig  (1942)Lost in Translation: A Life in a New Language by Eva Hoffman (1989)The Anatomy of Corporate Law by Reiner Kraakman (2004)Drew:How Will You Measure Your Life? by Clayton Christensen (2012)(1:03:48) Who were their mentors, and what they learned from them.(1:06:11) Quotes they think of often or live their life by.(1:07:22) An unusual habit or an absurd thing that they love.(1:08:20) The living person they most admire. You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__You can join as a Patron of the Boardroom Governance Podcast at:Patreon: patreon.com/BoardroomGovernancePod__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Nicholas Lorimer and Hermann Pretorius discuss reporting from the auditor-general on how many billions have been spent bailing out SOEs. They also chat about South Africa's 30% pass mark for some matric subjects. Website · Facebook · Instagram · Twitter

Ann Bernstein – Executive Director, Centre for Development and Enterprise SAfm Market Update - Podcasts and live stream

This evening we look at market moves with FNB Wealth and Investments, discuss Zando closing its doors with Jumia Technologies and Business Day economist Mudiwa Gavaza, while PSG's CFO joins us to discuss its recent financials, and in our SME of the Week, we speak to Ekurhuleni-based hygiene product brand Freshmo Brands. SAfm Market Update - Podcasts and live stream

Parliament's Standing Committee on Appropriations has raised concerns over Eskom's escalating bailouts, projected to reach R496 billion by 2025/26, as revealed by National Treasury. This staggering figure has significant implications for service delivery, as essential funds are being diverted to support underperforming state-owned enterprises (SOEs) like Eskom, SAA, and Transnet. For more Elvis Presslin spoke to Chairperson of the Standing Committee on Appropriations, Mmusi Maimane

Communications minister Solly Malatsi, a DA MP and the first non-ANC politician to hold the key technology portfolio in the democratic era, has been in the job for three months – sufficient time to get a broad handle on the big issues. In this first interview with the TechCentral Show, TechCentral editor Duncan McLeod asks Malatsi a range of questions about the sector, including his views on how he plans to address some of the more intractable problems in his inbox. The interview, which was recorded on Friday, 4 October – shortly before he announced he was issuing a policy direction to communications regulator Icasa that could see a big change to empowerment rules governing licensing in the sector – covers a wide range of topics, from Elon Musk's Starlink to the ongoing feud between the SABC and Sentech. Other topics covered in the interview include: • The minister's engagements with Starlink and the recent meeting in New York between Musk and President Cyril Ramaphosa; • His views on black economic empowerment and why his top priority is reducing the cost of data and ensuring more South Africans can connect affordably to the internet and online services; • His plan for private sector participation in the Post Office, and whether the company is really worth saving; • The war between the SABC and Sentech, and how it can be resolved; • Future funding models for the SABC and the future of TV licences in South Africa; • The problems at the State IT Agency, and what the focus should be of government's central IT procurement and services provider; • The planned merger of Sentech and Broadband Infraco and why he believes it needs to happen; • Government's 40.5% stake in Telkom and what should happen to it; • The road to digital migration and whether there is still a need for terrestrial television in 2024; • 2G and 3G switch-off in South Africa and whether this should be mandated by the government; and • The legislative programme for the department of communications & digital technologies. Don't miss the interview! TechCentral

The Minister of Basic Education, Siviwe Gwarube says she has also requested a meeting between the minister of finance and the provincial MECs for Finance, as well as the nine MECs of Education. This is an attempt to unlock additional funds to alleviate the pressures facing the education sector. Budget cuts in the educational sector could potentially leave thousands of teachers without jobs next year. Bongiwe Zwane spoke to Minister of Basic Education, Siviwe Gwarube

This episode of WeBER Talks is dedicated to economic growth challenges and opportunities for the Western Balkans. WeBER 3.0 guest is Nicola Pontara, Country Manager of the World Bank in Serbia. He talked with Milena Mihajlović, CEP Programme Director and WeBER 3.0, about the region's future and how reforms, governance, and technology can propel the Western Balkans toward convergence with the EU. 1. Growth Slowdown & Socioeconomic Divergence: While the Western Balkans experienced solid growth in the early 2000s, the region has struggled to maintain momentum post-2008. Nicola highlights the "golden period" between 2000 and 2008 but warns that without significant reforms, convergence with the EU could stretch as far as 2093 in a pessimistic scenario. 2. Governance Deficit: Poor governance remains a significant roadblock. Nicola emphasizes that countries in the region must focus on improving the rule of law, combating corruption, and increasing government accountability to accelerate growth and reduce the trust gap with their citizens.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news the world's second largest economy may be seriously out of balance, with implications for everyone.With the US on holiday. the big global influences come from elsewhere today. First up, the private Caixin PMI for Chinese factories moved up from a minor contraction in July to a minor expansion in August. According to this survey, output growth accelerated amid an upturn in new orders and a stabilisation in employment. Meanwhile, price pressure eased and confidence hit a 3-month peak. All this was marginally better than the official factory PMI which recorded a slightly deeper contraction. The difference is that the Caixin survey is more about their private sector, the official PMUI more about their SOEs and the enterprises that dominate Chinese manufacturing.But despite this stable factory activity, their firms have been buying raw materials at a high rate, so consequently there is a huge buildup in inventories across a wide range of sectors. If the world doesn't take the surge in exports that would be necessary to justify this build-up, then the resulting pullback will have large-scale international consequences. There are plenty of signs this imbalance may end badly for everyone involved.And China's property woes are deepening, which is driving sharper equity market retreats. Falling prices aren't being stemmed, squeezing developers further and keeping house buyers away.Taiwan's August PMI only registered a modest expansion in the island nation, about the same as for China.Japan's August PMI showed neither an expansion nor contraction.South Korea's August data pointed to sustained and stronger increases in both output and new orders for their manufacturing sector amid growing signs of client confidence.India's August PMI registered softer increases in new business and output during August, albeit with rates of expansion remaining elevated by historic standards.In Australia, their factory sector is deteriorating at a faster rate, but there are some signs things may improve later in the year. Although new orders and production continued to fall, export orders picked up and along with it, confidence in the future. But they also report that cost pressures are not easing, which will worry the RBA.Australia is quite vulnerable to the Chinese economy's strugglesSo it will be no surprise that job ad levels continue to shrink in Australia. And that company profits seem to be diving.Meanwhile on the Australian property front, building consents jumped in July, especially for multi-unit developments although to be fair that is off a very low base, so it may not be significant.And CoreLogic said August house prices rose only modesty from July to be up +7% for the year. However all this rise was from Brisbane (+15%), Adelaide (+15%) and especially Perth (+24%). Without them, there would be no rises.The UST 10yr yield is now at just on 3.93% and up +2 bps from yesterday. The key 2-10 yield curve inversion has now disappeared, replaced by a positive +1 bp.The price of gold will start today down -US$4 from yesterday at US$2499/oz.Oil prices are little-changed from yesterday again, still just under US$73.50/bbl in the US while the international Brent price is still just over US$77/bbl.The Kiwi dollar starts today down -20 bps from yesterday at 62.3 USc. Against the Aussie we are sharply lower at 91.7 AUc. Against the euro we are also lower at 56.3 euro cents. That all means our TWI-5 starts today at 70.2 and down -30 bps from yesterday.The bitcoin price starts today at US$58,472 and back up +0.8% from this time yesterday. Volatility over the past 24 hours has been modest at just on +/- 1.4%.You can find links to the articles mentioned today in our show notes.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this tomorrow.

Tshidi Madia is joined by Public Policy Specialist Dr Kagiso Pooe and governance expert Sandile Swana.  See omnystudio.com/listener for privacy information.

Carol Paton, a renowned writer on politics, economics, government finance, and state-owned enterprises, joins John Maytham on the Afternoon Drive show. She will discuss the implications of this new legislation, its potential benefits for social transformation, and the challenges it may pose for SOEs.See omnystudio.com/listener for privacy information.

China describes its system as a "socialist market economy". How does that work? What is the role of its stock exchanges? Ben Norton explains Socialism with Chinese Characteristics. VIDEO: https://www.youtube.com/watch?v=M4__IBd_sGE Topics 0:00 Intro 1:11 Deng Xiaoping & China's "Reform & Opening Up" 4:06 Socialism with Chinese Characteristics 5:17 China's economic growth & poverty reduction 7:42 How state-owned enterprises (SOEs) run China's economy 10:09 Chen Yun & the "birdcage economy" 11:39 SOE share of China's GDP 13:37 China's largest companies are SOEs 14:53 Socialist market economy 16:02 "Grasp the large, let go of the small" 17:42 "Managed competition" in China 19:50 Billionaires in China 20:43 China's stock markets 27:17 (Clip) Western financial analyst says China rejected Washington Consensus 30:43 (Clip) Bloomberg complains "China doesn't care about the stock market" 32:10 Differences between US & Chinese economies 33:33 (Clip) Investor explains China's stock market is not priority for government 36:56 China's economic policy is made for workers, not investors 45:55 US financialized capitalism vs. Chinese socialism 46:33 US stock market is 60.5% of entire world 47:13 Richest 10% of Americans own 93% of stocks 47:52 Global oligarchs hold wealth in US stock market 48:31 China's pursuit of "common prosperity" 51:49 Outro

Yugen Pillay, Head of Public Sector Assurance at BDO South Africa, discusses with host Bruce Whitfield the importance of transparency and accountability in reforming South Africa's State-Owned Enterprises (SOEs) amid shifting political landscapes. Pillay suggests that introducing coalition politics could promote a culture of consequence management, crucial for meaningful change in SOEs' governance and operations.  See omnystudio.com/listener for privacy information.

On this Special Edition podcast, Dave Bittner speaks with guest Dave Hickton, Founding Director, Institute for Cyber Law, Policy, and Security at the University of Pittsburgh, and former US Attorney, on this 10th Anniversary of the first indictment of Chinese PLA actors. Hear directly from Mr. Hickton what lead to the indictment, the emotions that went along with this unprecedented action, and the legacy of the event. On May 19, 2014, a grand jury in the Western District of Pennsylvania (WDPA) indicted five Chinese military hackers for computer hacking, economic espionage and other offenses directed at six American victims in the U.S. nuclear power, metals and solar products industries.  The indictment alleges that the defendants conspired to hack into American entities, to maintain unauthorized access to their computers and to steal information from those entities that would be useful to their competitors in China, including state-owned enterprises (SOEs). In some cases, it alleges, the conspirators stole trade secrets that would have been particularly beneficial to Chinese companies at the time they were stolen. In other cases, it alleges, the conspirators also stole sensitive, internal communications that would provide a competitor, or an adversary in litigation, with insight into the strategy and vulnerabilities of the American entity. US Attorney Dave Hickton represented the Western District of Pennsylvania and was the signatory on the indictment. His team worked with the FBI Cyber Team in Pittsburgh, PA to bring about this historic action. Resources: Press Release: U.S. Charges Five Chinese Military Hackers for Cyber Espionage Against U.S. Corporations and a Labor Organization for Commercial Advantage Indictment

Today's Daily Friend Show with Nicholas Lorimer, Michael Morris and Sara Gon. They discuss some recent political analysis by Moody's Rating Agency. They also discuss a fire in Johannesburg and the lack of return on the investment in SOEs. Subscribe on Google Podcasts · Subscribe on Apple Podcasts · Subscribe on Spotify · Website · Facebook · Instagram · Twitter

Author bio: Niall Mackey is the Commercial Director of Topsec. His team excels in enhancing email security for firms, safeguarding sensitive data against cyber threats. Business is facing immense challenges currently, from the potential effects of climate change, to labour shortages, and the very real possibility of a recession. But in the eyes of business leaders, these challenges are easily outstripped by the risk of cyber incidents. This is according to the global Allianz Risk Barometer, which assesses emerging risks across industries and sectors. Cybercrime and the threat to Irish business The top 10 global business risks for 2024 are headed up by 'cyber incidents' at 36%. Climate change is half of that, with 'political risks and violence' as a mere 14% concern. Email: the cybercrime vehicle Unsurprisingly, email is the most successful route of attack for cybercriminals. Research into Ireland's cyber-risk landscape by Microsoft Security, shows that 38% of respondents selected 'work email compromise' as the biggest threat to their organisations. These generally take the form of phishing and clever social engineering. And email remains on the growth path. The State of Email Security (SOES) report found that reliance on email has exceeded that of Covid-onset figures. And more email has led to more email-based threats. This highlights that while M365 does fulfil a great function, 90% of threats are through email. This is why there is a need for augmentation services, like our integrated Inbox Protect, surrounded by a human first threat detection Managed Service. While the use of email is growing, it seems users' wisdom is not. A massive 95% of all data breaches are due to human error. The SOES survey reported that 48% of respondents said that their organisation's biggest security challenge is a lack of employee awareness and education around cyber threats. All respondents had been targeted by a phishing attack in the last year, of which 70% said recipients had opened a malicious email and for 90% of them, the source of a data breach was an email. Operations departments are seeing social engineering techniques and more targeted approaches like spear phishing or whaling, cloning emails of specific senior users, making it even more difficult for users to spot that it's a scam. As technology improves to halt malicious emails before they reach their recipients, so too have criminal strategies to infiltrate systems. For example, we're seeing emails that pass all weighted criteria of malicious elements, still reaching inboxes. What was originally a legitimate URL, is triggered post-delivery, and is then redirected to a malicious domain. We're even seeing files dropped into a OneDrive folder - it could be a QR code or URL - which appears to have no malicious content. A bad actor then amends the content within the OneDrive folder and now the document/email contains a malicious link, waiting to be clicked. The law is coming for non-compliant organisations In line with global trends, the Microsoft Security report revealed that most Irish organisations, across industries, have encountered malicious cyber incidents, some resulting in financial losses. It also revealed that the majority of Irish executives are unaware of the NIS2 or DORA (Digital Operational Resilience Act) legislation, a regulatory framework to enhance the security and resilience of critical digital infrastructure and services in the EU. The security element of the GDPR is also a focus and more and more, the onus is on organisations to ensure that they're aligned with legislation. Compliance requirements are becoming stricter, scrutiny is more intense, and fines imposed are higher. Organisations will need to review and update their cybersecurity strategies and practices to align with the new standards. Organisations will have to follow rules for the protection, detection, containment, recovery and repair capabilities against ICT-related incidents. Another issue we're se...

Today's Daily Friend Show with Nicholas Lorimer, Mlondi Mdluli, and Hermann Pretorius. They discuss the terrible state of SOEs like Eskom, and the poor analysis of the DA by many political analysts. They also discuss the theft of a City Power Substation. Subscribe on Google Podcasts · Subscribe on Apple Podcasts · Subscribe on Spotify · Website · Facebook · Instagram · Twitter

Today's episode looks at the complex topic of corporate climate disclosures. Our guests today are Erica Downs, Ned Downie, and Lou Yushan. They are the authors of a recent report, published by the Columbia Center on Global Energy Policy (CGEP), entitled “China's Climate Disclosure Regime: How Regulations, Politics, and Investors Shape Corporate Climate Reporting.” Erica Downs is senior research scholar at the Center on Global Energy Policy at Columbia University; Edmund Downie is PhD Candidate in Public Affairs at the Princeton School of Public and International Affairs; and Yushan Lou is Research Associate at the Center on Global Energy Policy at Columbia University. In the podcast we discuss: How disclosures on ESG and carbon emissions differ in Hong Kong versus the mainland, and for listed versus unlisted firms The differing incentives SOEs have for making public climate disclosures The value of such disclosures for policy, given that policy-makers have so many other command-and-control instruments on climate policy and ways of obtaining emissions or climate-related information from the largest emitters The ways investors can and do influence Chinese firms, including SOEs, to improve climate disclosures For further reading: Edmund Downie, Erica Downs, Yushan Lou, “China's Climate Disclosure Regime: How Regulations, Politics, and Investors Shape Corporate Climate Reporting," Columbia Center on Global Energy Policy, 29 November 2023, at https://www.energypolicy.columbia.edu/publications/chinas-climate-disclosure-regime-how-regulations-politics-and-investors-shape-corporate-climate-reporting/. Edmund Downie, Erica Downs, Yushan Lou, "Better disclosure rules can help China's financial markets work for the climate," China Dialogue, 4 January 2024, at https://chinadialogue.net/en/climate/better-disclosure-rules-can-help-chinas-financial-markets-work-for-the-climate/.  Episode produced by: Anders Hove Buy us a nice chocolate chip cookie on our Patreon! https://www.patreon.com/EnvironmentChina     

(0:00) Intro.(1:10) About the podcast sponsor: The American College of Governance Counsel.(1:57) Start of interview.(4:00) Alexandre's "origin story." His time as Commissioner of the Brazilian Securities and Exchange Commission (CVM) (2020-2023). (7:34) On his OECD background note on Institutional Investors' Engagement in Latin America (2023).(14:56) Local institutional investors and pension funds engagement in Brazil. *reference to E118 with John Coates: The Problem of Twelve, Index Funds and Private Equity.(17:23) On stewardship codes.(19:58) On internal stewardship teams at asset managers and passive investors.(21:05) Challenges of shareholder activism and dispersed ownership in Brazil.(25:53) Enforcement and Cooperation between U.S. and Brazilian regulators. *Reference Enhanced Memorandum of IOSCO.(28:03) On the governance of State-Owned Enterprises (SOEs).(34:24)  The geopolitical landscape and where Brazil stands vis-a-vis China and the U.S.(36:38) Fintech developments in Brazil. *Reference to Pix from Brazilian Central Bank (Open Finance Project).(39:19)  The future of corporate governance in Brazil, and prospects to join the OECD. Private right of action for enforcement?(41:29) Book that has greatly influenced his life: The Economic Structure of Corporate Law by Frank H. Easterbrook and Daniel R. Fischel (1991)(42:08) His mentor: his father.(42:47)  Quotes that he thinks of often or lives her life by: "No need to hurry but do not waste time" by Jose Saramago. "I'm neither an optimist nor a pessimist, I prefer to be a hopeful realist." (Ariano Suassuna)(43:44) An unusual habit or absurd thing that he loves.(45:34) The living person he most admires.Alexandre Rangel is a former Commissioner of the Brazilian Securities and Exchange Commission (CVM) (2020-2023) and Consultant of the OECD (2023). He's currently practicing law at Rangel Advogados. You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__You can join as a Patron of the Boardroom Governance Podcast at:Patreon: patreon.com/BoardroomGovernancePod__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

John is joined by Leslie Zhang Weihua, Vice President and General Counsel of United Energy Group, China, one of the largest independent oil and gas companies in the world.  They discuss Leslie's extensive experience in international legal affairs, including his experience as general counsel for both large state-owned enterprises (SOEs) and private companies in China.   They discuss the differences between providing legal services for SOEs and private companies, including the additional procedures SOEs must follow in making business decisions, the strategic issues in addition to return on investment that SOEs must consider and how rate sensitive SOE's procurement procedures are and how that applies to hiring counsel.  They also discuss the expectations that Chinese clients have with respect to counsel finding creative solutions to regulatory issues, the rates paid for unsuccessful legal projects, and responsiveness in providing legal analysis. They also compare Chinese and Western law firms with respect to training, expertise, and specialization while noting the ongoing expansion of Chinese firms into international work and the Chinese government's policy of encouraging the continued development of international arbitration centers in Hong Kong and Singapore.  Finally, they discuss the role lawyers can play in improving relations between the United States and China including the importance of recognizing the risks and costs of decoupling.Podcast Link: Law-disrupted.fmHost: John B. Quinn Producer: Alexis HydeMusic and Editing by: Alexander Rossi

Road Freight's call to end ‘useless' SOEs control of vital logistics like ports by Radio Islam

The expanding spillover effects of the China International Import Expo will help the country's centrally administered State-owned enterprises better cooperate with foreign firms in areas such as technological cooperation and global supply chain development, injecting vitality into the nation's economic growth, said government officials on Monday.11月6日，有关部门官员表示，中国国际进口博览会的溢出效应不断扩大，将帮助由国家集中管理的国有企业更好地在技术合作和全球供应链发展等领域，与外国企业合作，为中国经济增长注入活力。Speaking at a sub-forum during the ongoing sixth CIIE, Gou Ping, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council, the country's Cabinet, said that with China creating more favorable conditions to advance high-standard opening-up, the annual CIIE has emerged as a pivotal driving force for central SOEs to engage with global partners and secure the stability of supply chains.在正在举行的第六届中国国际进口博览会期间，国务院国资委副主任苟坪在一个分论坛讲话时表示，随着中国创造更有利于推动高水平开放的条件，每年举办的中国国际进口博览会已经成为央企与全球合作伙伴互动、确保供应链稳定的关键驱动力。"China's central SOEs are willing to harness both technological supply and demand, and reach tangible tech breakthroughs to further enhance the efficiency and level of international innovation cooperation, thus jointly addressing global challenges," Gou said.苟坪表示：“中央企业将从技术供给和需求牵引双向发力，以实实在在的技术突破和项目成果，进一步提升国际创新协作效率和水平，共同应对全球性挑战。”He said the government will provide guidance to central SOEs to fully utilize global innovation resources, collectively fostering a more open, inclusive and vibrant innovation ecosystem. This approach aims to fully unlock innovation potential and drive development momentum in the next phase.他说，中国国务院国资委将指导推动中央企业最大限度用好全球创新资源，共同营造更加开放、普惠、共享、充满活力的创新生态，充分激发创新潜能、释放发展动能。Central SOEs — including China Petroleum & Chemical Corp, China Energy Investment Corp, COFCO Group and State Development and Investment Corp (SDIC) — have already signed purchase and cooperation deals with foreign enterprises such as QatarEnergy, Saudi Aramco, Kuwait Petroleum, Vitol Group, Dow Chemical and Cargill during this year's CIIE. They have remained the main force facilitating the signing of business deals with overseas partners.今年的中国国际进口博览会期间，包括中国石油化工股份有限公司、中国能源投资集团有限公司、中粮集团和国家开发投资公司在内的中央企业，已经与卡塔尔能源公司、沙特阿拉伯国家石油公司、科威特石油公司、维多集团、陶氏公司和嘉吉公司等外国企业签署了购买和合作协议。一直以来，中央企业都是促成与海外合作伙伴业务协议的主要力量。For instance, SDIC signed procurement intent agreements worth almost $1.06 billion with 18 countries and regions, covering critical areas such as textile raw materials, grains, oil and minerals in Shanghai on Monday.例如，11月6日，国家开发投资集团有限公司在上海与18个国家和地区签署了价值近10.6亿美元的采购意向协议，涵盖了纺织原材料、粮食、石油和矿产等关键领域。Chinese conglomerate Sinochem Holdings Corp Ltd also signed in excess of $13.5 billion in procurement deals with over 30 clients from more than 10 countries, including Argentina, Ethiopia, France, Saudi Arabia, the United States and Japan during the ongoing CIIE.中国中化控股有限责任公司在正在进行的中国国际进口博览会期间，与来自阿根廷、埃塞俄比亚、法国、沙特阿拉伯、美国和日本等10多个国家的30多家客户签署了价值超过135亿美元的采购协议。These agreements cover various fields such as crude and refined oil, foodstuffs and agricultural products, chemicals, manufacturing equipment and trade in services.这些协议涉及原油和精炼油、食品和农产品、化学、制造设备和服务贸易等各个领域。Syngenta Group, Adisseo, Elkem and KraussMaffei — four of Sinochem's overseas subsidiaries — also showcased their latest products, technologies and services in sustainable agriculture, animal nutrition, chemical materials and intelligent equipment during the expo. They signed multiple supply agreements with expected total sales exceeding $1.9 billion during the event.中国中化旗下的四家海外子公司：先正达集团、安迪苏集团、蓝星埃肯集团和克劳斯玛菲集团也在博览会上展示了它们在可持续农业、动物营养、化学材料和智能设备方面的最新产品、最新技术和最新服务。它们在进博会期间签署了多份供应协议，预计总销售额将超过19亿美元。"Through the CIIE platform, we can further understand the needs of users and continue to conduct innovative activities, as well as provide high-quality products, services and solutions for the Chinese market," said Li Yong, CEO of KraussMaffei.“通过中国国际进口博览会的平台，我们可以进一步了解用户需求，继续开展创新活动，并为中国市场提供高质量的产品、服务和解决方案，”克劳斯玛菲集团的CEO李勇表示。To build a better environment for global innovation cooperation, Guo Tingting, vice-minister of commerce, said China will take a more proactive role in integrating into the global innovation network. It will advance the development of pilot zones for Silk Road e-commerce cooperation and leverage the CIIE platform to accelerate the transformation and commercialization of more innovative achievements.为营造更好的全球创新合作环境，商务部副部长郭婷婷表示，中国将更加主动地融入全球创新网络。推进“丝路电商”合作先行区建设，继续实施“一带一路”科技创新行动计划，高质量共建“一带一路”。更好发挥进博会平台作用，推动更多创新成果加速转化和落地。The China International Import Expon.中国国际进口博览会State-owned enterprises (SOE)n.中央企业Silk Road e-commercen.丝路电商

Finance Minister Enoch Godongwana has outlined a stringent approach to state-owned enterprises in the latest Medium-Term Policy Budget Speech. He has tightened conditions for Eskom's debt relief and insists that a Transnet bailout depends on the government's new logistics sector roadmap. Business Day TV spoke to Hilary Joffe, Editor at Large for Business Day for more insight.

Nicholas Lorimer and Hermann Pretorius on this episode of the Daily Friend Wrap. They discuss the SA government's midterm budget. They also chat about the new SOE of SOEs and lastly, they discuss the planned reforms at Transnet. Subscribe on Google Podcasts · Subscribe on Apple Podcasts · Subscribe on Spotify · Website · Facebook · Instagram · Twitter

  Clement speaks to Tshidi Madia, EWN's Associate Editor for Politics and Sandile Swana, a political and governance analyst about the ANC's position on the state of SOE's in light of recent resignations at Eskom and Transnet.See omnystudio.com/listener for privacy information.

We've seen the devastation of the Israel-Hamas War and South Africa won't be left unscathed. Is Pravin the problem? Why our SOEs just can't seem to get it right. Then, South Africa closes the books on Steinhoff. And grains of hope in the latest census report.

The Belt-and-Road Initiative (BRI) has reached the ripe old age of 10 this month. Those 10 years have seen a lot of change, including on topics like the relative focus on clean energy versus fossil fuels and the interest in and incentives for applying ESG criteria to BRI investments. Today we are joined by frequent guest and longtime friend of the pod, Professor Christoph Nedopil-Wang. This year he became the Director Griffith Asia Institute and is also Professor at Griffith University in Brisbane, Australia. Previously, he was Associate Professor and Director of the Green Finance & Development Center, Fudan University. He previous worked in Beijing at the International Institute of Green Finance (IIGF), as well as at GIZ. Cheat sheet: Q: Was the 1H 2023 really the greenest ever, as Reuters summarized? (A: Reuters focused on energy sector, where change most evident, though oil & gas investments are big and lumpy, so can't just look at 1H. "Small and beautiful" green investments becoming more common.) Q: Is energy becoming greener just because fossils falling, but renewables not picking up as much? (A: Both declining coal share and growing renewables, but renewables need much stronger growth.) Q: Why is state-owned sector declining and private sector going up? Is that due to SOEs focusing on domestic investment to respond to downturn? (A: Perhaps, but also because private firms now much stronger, and battery-related giants investing in big projects.) Q: What about mining for battery materials, is there more investment in value-creating parts of that supply chain in Africa, or is it all being processed elsewhere? (A: Yes, but need to be cautious on environmental impact of local processing and whether local firms or communities actually capture value.) Q: What is the situation with Chinese basic ESG principles (disclosure, community involvement) being applied on the BRI, as opposed to just meeting minimum local standards? (A: Not so good, for the power sector case studies they looked at.) For further reading: Christoph Nedopil Wang, ‘China Belt and Road Initiative (BRI) Investment Report 2023 H1,' Green Finance & Development Center, Fudan University, 1 August 2023, at https://greenfdc.org/china-belt-and-road-initiative-bri-investment-report-2023-h1/ Cecilia Springer et al., ‘Elevating ESG: Empirical lessons on environmental and social governance implementation of Chinese projects in Africa,' Boston University, 30 August 2023, at https://www.bu.edu/gdp/2023/08/30/elevating-esg-empirical-lessons-on-environmental-social-and-governance-implementation-of-chinese-projects-in-africa/ Andrew Hayley, 'China's Belt and Road energy projects set for "greenest" year, research shows,' Reuters, 2 August 2023, at https://www.reuters.com/business/energy/chinas-belt-road-energy-projects-set-greenest-year-research-2023-08-02/ 

Carol Paton, editor-at-large at Business24, Peter Attard Montalto, managing Director at Krutham and Busisiwe Mavuso, CEO at Business Leadership South Africa on how public enterprises minister Pravin Gordhan is overseeing SOEs.   Kevin Lings, chief economist at Stanlib Asset Management on SA's population growth; and what it means for the economy.    In our Investment School, Maya Fisher-French personal finance journalist at Maya on Money on why property investment is riskier than the equity market.See omnystudio.com/listener for privacy information.

  Clement Manyathela speaks to governance and risk specialist Sandile Swana about what his criticism of the draft bill by the Minster of Public Enterprises that proposes the consolidation of the state's shareholdings in strategic SOEs.See omnystudio.com/listener for privacy information.

Peter Attard Montalto, managing director at Krutham on whether the National State Enterprises Bill is a good idea to get SOEs up and running profitably.     Stavros Nicolaou, Aspen Group Senior Executive responsible for Strategic Trade Development on Novo Nordisk contracting it to produce insulin for African nations.    In our investment  school, Viv Govender Portfolio Manager at Rand Swiss looked at the return of inflation.See omnystudio.com/listener for privacy information.

Fiscal officials are being overburdened with work that ordinarily should be handled by SA's provinces, municipalities and SOEs, notes Isaah Mhlanga from RMB.

Fuel shortage persists, MRA amends law to help reduce forex shortage, Minister of Finance names best and worst-performing SOEs, Kapichira Power Station restored, Malawi to suffer food insecurity, Government approves water tariff hike, High court orders Ministry of Education to abolish Malawi Act which restricts Rastafarian learners, Martse Memorial Show set for late May, and much more.Thanks for tuning in!Let us know what you think and what we can improve on by emailing us at malawi@rorshok.com or follow us on Twitter @RorshokMalawi or Mastodon @malawi@rorshok.socialLike what you hear? Subscribe, share, and tell your buds.https://rorshok.com/

Today, we're talking about China's low-carbon energy transition and the unique role of State Owned Enterprises, or SOEs. Our guest is Erlend Ek, Lead Analyst for Energy at China Policy. From 2018-2022 Erlend served as advisor for energy affairs at the Royal Norwegian Embassy in BJ. Prior to that role, he served in various consulting roles at China Policy. He has degrees from the University of Oslo, he studied Chinese at Xiamen University, and he is now at Stavanger University. You can find his content at China Policy. As sometimes happens, Erlend and I ended up having a longer conversation after I shut off the recording, and I took a few notes from that conversation and I'm inserting it here as an intro to our talk: First, Erlend is optimistic on SOEs being able to lead the energy transition, because he sees the central govt moving away from "project economy" (where the key performance indicator is how many projects are completed) to a performance evaluation system based on contribution to low-carbon, tax revenue, innovation. In terms of its low-carbon policy, Erlend considers that China is more transparent than the West, and more consistent. He thinks carbon peaking / neutrality is a clear path, the purpose of the 1+n docs is to get everyone aligned, not to make new policy. Nothing about energy security is against that, it's more of a short-term push for coal ... which he says is also mainly about substituting gas and China moving away from gas, to collect the revenue from reselling gas to Europe right now. Erlend is paying close attention to the new policy on Sci-Tech innovation, the list of 12 sectors. He thinks digital innovation is going to be big in the energy space, and there are all sorts of companies, including private ones, being subsidized to do digital energy transition projects. Finally, Erlend thinks the speech by the NEA head on making the demand side the main focus (and energy efficiency as the main fuel) was significant, though it's unclear if NEA has much influence on the demand side.

On this episode of the ChinaPower Podcast, we are joined by Nicholas Borst to discuss China's debt situation and fiscal policy. He explains that China's debt levels have increased dramatically relative to the size of the Chinese economy and China has more debt as a proportion of GDP compared to the United States. Much of the debt is concentrated in local governments, state-owned enterprises (SOEs), and real estate developers. Mr. Borst describes China's decentralized fiscal system where the Chinese central government is fiscally conservative and local governments bear more risk and are responsible for healthcare, infrastructure, and social insurance as well as supporting key central initiatives such as the Belt and Road Initiative. Although no Chinese local government has defaulted to date, Chinese SOEs have defaulted, and their defaults have led to shocks to the Chinese market.  Looking forward, Mr. Borst argues that the reforms passed at China's recent “Two Sessions” will do little to address the root issues of China's fiscal issues.  Nick Borst is the vice president and director of China research at Seafarer Capital Partners. Prior to joining Seafarer, he was a senior analyst at the Federal Reserve Bank of San Francisco covering financial and economic developments in Greater China. Previously, Mr. Borst was the China program manager and a research associate at the Peterson Institute for International Economics. He also worked as an analyst at the World Bank, reviewing Chinese overseas investment projects. His research focuses on financial reform in China, investment flows between the United States and China, and China's shadow banking system.

Tu and Lei begin the discussion about the brutal price war that's currently going on in the China automotive sector including where the foreign automakers, SOEs (state owned enterprises) and startups all fit in and how they think it'll affect everyone long-term.They both also discuss the annual Two Sessions meeting that the Chinese govt has each year and try to read between the lines with what's being said and what's actually meant.  The chat moves into a chat about February sales and Tu talks about how western OEMs don't put enough weight on how much the China market means to their success. Tu then moves onto a discussion about the importance of China Battery Inc to the foreign automakers, but not only in China but in their home markets because it's really the only game in town for reliable, competitively priced LFP battery cells.The pod ends with Tu providing a history lesson on the battery cell sector in China and how it built itself out.