Europas största privata skogsägare som tillverkar träprodukter, massa, förpackningspapper och förnybar energi.

Kärnan i SCAs verksamhet är den växande skogen, Europas största privata skogsinnehav. Kring denna unika resurs har vi byggt en välutvecklad värdekedja baserad på förnybar råvara från våra egna och andras skogar. Vi erbjuder förpackningspapper, massa, trävaror, förnybar energi, tjänster för skogsägare och effektiva transportlösningar.

Skogsbolaget SCA hade 2021 ca 4 000 anställda och en försäljning på 18,8 miljarder kronor. SCA grundades 1929 och har sitt huvudkontor i Sundsvall. 

Officiellt LinkedIn-konto för SCA.


SCA and Persson Invest began their collaboration around Gällö Timber and the sawmill in Gällö, Jämtland in 2010. Since 2010, significant investments have been made in the sawmill to develop its operations and strengthen its competitiveness. Today, the sawmill has 115 employees and a capacity of 370,000 cubic meters of sawn timber.

SCA is Europe's largest private forest owner with 2.7 million hectares and, with its forest holdings at its core, has developed a well-invested industrial operation with sawmills, pulp mills, and manufacturing of packaging paper. By acquiring Persson Invest's share in Gällö Timber, SCA strengthens its position as one of Sweden's leading producers of sawn timber.

Persson Invest is a family-owned conglomerate based in Östersund. The group has a turnover of about SEK 8 billion and employs around 1,350 people. The company has six business areas where the sale of cars, trucks, and buses are the two largest in terms of turnover and number of employees. Persson Invest owns approximately 140,000 hectares of forest and operates timber processing in the company Valbo Trä, with three facilities that together have a turnover of about SEK 1 billion.

SCA and Persson Invest will continue to collaborate after the transaction, including by delivering sawn timber to Persson Invest's operations and purchasing raw forest materials from Persson Invest's forest holdings.

"By acquiring the remaining part of Gällö Timber AB, we further strengthen SCA's sawmill operation and continue the strong collaboration we have with Persson Invest. Through the investments we've made in Gällö together with Persson Invest, we have enhanced the operation's competitiveness and secured local jobs" says Ulf Larsson, CEO of SCA.

"The collaboration around Gällö Timber has been and continues to be fruitful. Together with SCA, we have developed an almost 150-year-old sawmill business into one of the most competitive in Sweden. We look forward to continuing our collaboration as a customer and supplier for a long time to come," says Bob Person, Chairman of Persson Invest.

Before the transaction, SCA owns 50 percent of the capital in Gällö Timber AB. SCA acquires the remaining 50 percent from Persson Invest AB. The transaction will take place during the first quarter of 2024.

SCA becomes wholly owner of Gällö Timber AB

Reinet Investments SCA / Key word(s): AGMEGM

REINET ANNUAL GENERAL MEETING OF SHAREHOLDERS APPROVES FULL AGENDA

29-Aug-2023 / 16:20 CET/CEST

Release of an ad hoc announcement pursuant to Art. 53 LR

The issuer is solely responsible for the content of this announcement.

At the annual general meeting of Reinet Investments S.C.A. (the 'Company') held earlier today in Luxembourg, a total of 135 432 675 ordinary shares (69.12%) out of a total of 195 941 286 ordinary shares issued and all the 1 000 management shares were presented or represented by proxy.

The total votes cast represent 74.50% of the total voting rights at the record date (15 August 2023) of 181 790 891, being total shares in issue less treasury shares, voting rights attached to which are suspended.

The shareholders approved all of the matters tabled at the annual general meeting. Specifically, the statutory financial statements and the consolidated financial statements of the Company for the accounting year ended 31 March 2023 were approved and the General Partner and all members of the Board of Overseers who have been in office during the period were granted discharge of liability for the performance of their duties.

A cash dividend of EUR 0.30 per share was approved and will be payable on 20 September 2023. The remaining available retained earnings of the Company, after payment of the dividend, are to be carried forward to the next business year.

Shareholders also re-elected Mr John Li, Mr Yves Prussen, Mr Stuart Robertson and Mr Stuart Rowlands to serve as members of the Board of Overseers for the financial year ending at the next annual general meeting. A remuneration of EUR 70 000 per annum for each of the members of the Board of Overseers was approved, such fees to be split equally between the Company and Reinet Fund S.C.A., F.I.S.

Shareholders further authorised the Company to acquire ordinary shares, directly or indirectly (through subsidiaries or otherwise, such as through an intermediary or agent) for a period up to the date of the next annual general meeting, subject to such period being no longer than 13 months from the date of this authorisation; such authorisation was granted for the acquisition of up to 20% of the Company's issued ordinary share capital at the date of authorisation, for valuable consideration, by all means, on any one or combination of the Luxembourg Stock Exchange, Euronext Amsterdam or the Johannesburg Stock Exchange, at a price no more than an amount equal to 110% of the reference price of the ordinary shares on the relevant exchange and not less than one euro cent; the reference price being the weighted average price for the market value for such ordinary shares for the five days of trading immediately prior to the acquisition of such shares. The General Partner will at all times retain full discretion with regards to the acquisition of such shares of the Company.

Reinet Investments Manager S.A.

For and on behalf of Reinet Investments S.C.A.

Website: www.reinet.com/investor-relations/company-announcements.html

Reinet Investments S.C.A. (the 'Company') is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on Securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A., F.I.S., a specialised investment fund also incorporated in the Grand Duchy of Luxembourg. The Company's ordinary shares are listed on the Luxembourg Stock Exchange, Euronext Amsterdam and the Johannesburg Stock Exchange, the listing on the Johannesburg Stock Exchange is a secondary listing. The Company's ordinary shares are included in the 'LuxX' index of the principal shares traded on the Luxembourg Stock Exchange.

Reinet Investments S.C.A.

R.C.S. Luxembourg B 16 576

Legal Entity Identifier: 222100830RQTFVV22S80

Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg, Tel. (+352) 22 42 10, Fax (+352) 22 72 53

Email: info@reinet.com, website: www.reinet.com

End of Inside InformationLanguage: EnglishCompany: Reinet Investments SCA35, Boulevard Prince Henri1724 LuxemburgLuxemburgPhone: +352 22 72 53E-mail: info@reinet.comISIN: LU0383812293Valor: 4503016 Listed: Regulated Unofficial Market in Berlin, Frankfurt, MunichEQS News ID: 1714213

End of AnnouncementEQS News Service

1714213 29-Aug-2023 CET/CEST

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Adhoc: Reinet Investments SCA: REINET ANNUAL GENERAL MEETING OF SHAREHOLDERS APPROVES FULL AGENDA

At the annual general meeting of Reinet Investments S.C.A. (the 'Company') held earlier today in Luxembourg, a total of 135 432 675 ordinary shares (69.12%) out of a total of 195 941 286 ordinary shares issued and all the 1 000 management shares were presented or represented by proxy.

The total votes cast represent 74.50% of the total voting rights at the record date (15 August 2023) of 181 790 891, being total shares in issue less treasury shares, voting rights attached to which are suspended.

The shareholders approved all of the matters tabled at the annual general meeting. Specifically, the statutory financial statements and the consolidated financial statements of the Company for the accounting year ended 31 March 2023 were approved and the General Partner and all members of the Board of Overseers who have been in office during the period were granted discharge of liability for the performance of their duties.

A cash dividend of EUR 0.30 per share was approved and will be payable on 20 September 2023. The remaining available retained earnings of the Company, after payment of the dividend, are to be carried forward to the next business year.

Shareholders also re-elected Mr John Li, Mr Yves Prussen, Mr Stuart Robertson and Mr Stuart Rowlands to serve as members of the Board of Overseers for the financial year ending at the next annual general meeting. A remuneration of EUR 70 000 per annum for each of the members of the Board of Overseers was approved, such fees to be split equally between the Company and Reinet Fund S.C.A., F.I.S.

Shareholders further authorised the Company to acquire ordinary shares, directly or indirectly (through subsidiaries or otherwise, such as through an intermediary or agent) for a period up to the date of the next annual general meeting, subject to such period being no longer than 13 months from the date of this authorisation; such authorisation was granted for the acquisition of up to 20% of the Company's issued ordinary share capital at the date of authorisation, for valuable consideration, by all means, on any one or combination of the Luxembourg Stock Exchange, Euronext Amsterdam or the Johannesburg Stock Exchange, at a price no more than an amount equal to 110% of the reference price of the ordinary shares on the relevant exchange and not less than one euro cent; the reference price being the weighted average price for the market value for such ordinary shares for the five days of trading immediately prior to the acquisition of such shares. The General Partner will at all times retain full discretion with regards to the acquisition of such shares of the Company.

Reinet Investments SCA (LU0383812293) : REINET ANNUAL GENERAL MEETING OF SHAREHOLDERS APPROVES FULL AGENDA

With the fifth ratings survey of the year released, SCA chief content officer Dave Cameron celebrated the achievements of the brand's stations throughout the country.

Cameron said: "SCA starts the day the number one way with absolutely brilliant results from our Breakfast shows today, now winning the FM Breakfast shift in three out of five metro markets.

"It doesn't get any more exciting than The Fox winning breakfast in Australia's biggest commercial market, Melbourne, with Fifi Fev & Nick storming home to take the No.1 FM spot for the first time since 2019.

"Triple M Adelaide continues its winning Breakfast streak with Roo, Ditts & Loz the No.1 FM for the seventh time, alongside now four number ones in a row in Brisbane for B105's Stav, Abby & Matt Breakfast show.

"On top of our market-leading shows, we have also seen many of our newer Breakfast shows delivering strong increases today including The Marty Sheargold Show on Triple M Melbourne, Mick & MG on Triple M Sydney, Bec & Soda on SAFM, and the best results for Triple M Perth's Xav & Michelle since the show launched.

"Today SCA has also achieved No.1 10+ share nationally, continuing to also dominate 25-54s nationally including the Hit Network maintaining No.1 25-54 women and Triple M Network leading 25-54 men.

"Additionally having the No.1 DAB+ station nationally with Oldskool 90s Hits, as well as SCA's LiSTNR having the No.1 podcast in Australia with Hamish & Andy, SCA is undeniably Australia's largest and leading audio content creator with the biggest shows and talent powering our ongoing success in both live radio and podcast content," Cameron added.

Survey 5 results saw SCA staying largely steady, and only down 0.1 points, 2Day FM has recorded a 5.1% share. The Breakfast Shift with Hughesy, Ed and Erin has reflected the trend of the rest of the station, down 0.1 for a 4.6% share.

Meanwhile in Melbourne, Fifi, Fev and Nick celebrated a win as they popped up as the new #1 FM breakfast show on a 9.4% share.

Read more: Sydney Radio Ratings 2023 Survey 5: 2GB down, but still on top

Read more: Melbourne Radio Ratings 2023 Survey 5: 3AW breakfast flies, smoothfm topples Gold , Fifi Fev & Nick #1 brekky

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Top image: Dave Cameron

Related Items:Radio Ratings 5, SCA

"Absolutely brilliant": Dave Cameron celebrates SCA's Survey 5 radio ratings results

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In Innovative Technologies, Inc., ASBCA No. 6186, 62185, the Armed Services Board of Contract Appeals ("ASBCA" or the "Board") held that, despite the federal government's failure to include or incorporate the McNamara-O'Hara Service Contract Act ("SCA") FAR Clause 52.222-41 (the "SCA Clause") in the contract, the contractor was required to comply with the SCA and not entitled to an equitable adjustment for all costs it incurred from a $1.5 million settlement with the U.S. Department of Labor ("DOL") for its noncompliance. This case serves as an important reminder for contractors to be vigilant in determining whether their services contracts are covered by the SCA, even if the agency fails to include or reference the SCA Clause.

In 2006, the Defense Media Agency ("DMA") awarded the contractor a firm-fixed price contract for performance of engineering services in the United States. The DMA contracting officer did not include or incorporate in the contract or any subsequent task orders the SCA Clause, but the surrounding circumstances indicated that the SCA might apply to the contract, including incorporation of DOL wage determinations ("WDs") in the contract; an attachment with "Contractor Labor Categories" for offerors to propose "Fully Burdened/Escalated Rates"; the predecessor contract containing the SCA Clause; and the solicitation questions and answers for the predecessor contract describing how WDs would be issued and prices adjusted for those new WDs. Here, the contractor's price proposal was not clear whether it intended to comply with the SCA, but it also had passing references suggesting that the contract might be subject to the SCA. The contractor proceeded to perform almost the entire contract from 2006 to 2013, without the contractor or DMA appearing to acknowledge the contact was subject to the SCA or seeking to incorporate new WDs into the contract.

In May 2013, the DOL notified the contractor it was investigating several potential labor violations and required DMA to modify the contract to add the SCA Clause and applicable WDs. In October 2013, the DOL issued a determination, finding the contractor failed to pay workers appropriate prevailing wages and fringe benefits in compliance with the SCA, including misclassifying workers, paying at lower labor categories, and failing to keep records as required by the SCA. After initially disputing the violations, the contractor ultimately entered a settlement agreement with the DOL, agreeing to pay roughly $1.53 million in back wages to impacted workers, retroactive to the date of the initial 2006 contract award.

In January 2017, the contractor submitted to DMA a request for equitable adjustment ("REA") under FAR 22.1015 and other equitable adjustment language in earlier contract modifications, seeking repayment of the $1.5 million DOL settlement, plus another $850,000 in "applicable burdens." The contractor argued that it was entitled to an equitable adjustment because DMA's failure to include the SCA Clause resulted in its noncompliance and led to the $1.5 million DOL settlement. The DMA mostly denied the contractor's claim, but it subsequently issued an equitable adjustment for $568,000. The contractor then appealed the decision to the Board for the amount it initially sought.

On review, the Board held that: (1) the SCA clearly applied despite the lack of FAR clause; and (2) most of the claim did not fit the criteria to receive an equitable adjustment under FAR 22.1015 or other equitable adjustment provisions.

This case underscores the importance of contractors determining before contract performance whether their services contracts are covered by the SCA. Even if the agency fails to include or reference the SCA Clause in the contract, as here, contractors will not likely be relieved of their obligations to comply with the SCA for service contracts that fit the criteria for SCA coverage. The SCA also carries significant remedies for noncompliance, including significant back wages, suspension or termination of federal contracts, or mandatory debarment of the contractor from being able to contract with the federal government. Even where the DOL does not seek contract remedies or debarment, contractors can find themselves without recourse for an equitable adjustment under FAR 22.1015 or otherwise for any costs incurred relating to SCA noncompliance.

Prudent contractors should closely review (with counsel) any service contracts for SCA coverage before contract performance, even if the contract does not include or reference the SCA Clause, WDs, or have other indicia of SCA coverage. If it is unclear whether the SCA may apply to a services contract, contractors should consider all surrounding circumstances and materials, including whether the predecessor contract was subject to the SCA, whether the solicitation includes any references to the SCA, WDs, or service workers, and whether the employees performing services on the contract are non-exempt employees that could be subject to the SCA. Contractors might also consider submitting questions and answers to the agency to clarify the agency's position in addition to conducting their own independent review.

Missing SCA Clause Did Not Excuse Noncompliance Or Allow For Full Equitable Adjustment  - Government Contracts, Procurement & PPP - United States

DUBAI, 31st August, 2023 (WAM) -- The Securities and Commodities Authority (SCA) has partnered with the National CSR Fund (Majra) to achieve corporate social responsibility, promote the UAE's international position in this field, and direct the contributions of listed joint stock companies to social development projects.

The gesture aims to help sustain the national economy and contribute to achieving the UAE's sustainable development goals as part of the wise leadership's declaration of 2023 as the "Year of Sustainability".

The partnership was launched by Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Board of Trustees of the National CSR Fund, and Mohammed Ali Al Shorafa Al Hammadi, Chairman of the SCA.

The partnership ceremony took place at the ministry in the presence of Dr. Maryam Butti Al Suwaidi, CEO of the SCA, Nuha Al Harmoudi, Director of the National CSR Fund, and officials from both sides.

Al Marri said, "Establishing the CSR principles and fostering the role of the private sector in achieving sustainable impact in the UAE is a national priority that is consistent with the efforts to promote cooperation and partnership between the private and public sectors and enhancing corporate role in underpinning the country's efforts to meet the sustainable development requirements and realise the 'We the UAE 2031' vision."

"By collaborating with the SCA, we will be implementing the first phase of the mandatory corporate social responsibility (CSR) disclosure policy, which aims to promote transparency and establish good governance, specify the mechanisms through which corporations and organisations can disclose their contributions to achieve sustainable impact and enhance the UAE's competitiveness and business sustainability.

"We will improve the community's ability to address challenges; develop an integrated regulatory framework to manage, improve, and measure social initiatives with sustainable impact; and document social responsibility and sustainability practices and measure their impact on the country's sustainability and competitiveness," he said.

Al Hammadi said, "The partnership is part of the efforts of the two sides to promote socially responsible practices among listed companies, enhance cooperation between the private and public sectors, incentivise listed joint stock companies to incorporate social responsibility standards into their economic activities, and help direct corporate contributions to development projects in line with the UAE's national priorities and ESG indicators, thereby pushing the country's economic development to unprecedented heights and enhancing its global competitiveness."

Under the partnership, the two parties will enhance CSR awareness, promote corporate disclosure practices, and encourage joint stock companies to contribute to social projects approved by the National CSR Fund.

The parties will also share information, expertise, and studies, organise joint training and educational programmes in capital markets, the financial services industry, and financial inclusion, and use the e-portals and social media platforms of each other for awareness-raising purposes.

The partnership gives the SCA the priority to receive a list of the projects approved by the National CSR Fund to have it optionally linked to listed companies for financing purposes. Under this partnership, the SCA implemented the first stage of the mandatory CSR disclosure policy across selected companies, which should provide the SCA and the National CSR Fund with information related to their practices.

SCA, National CSR Fund partner to promote sustainability, CSR standards in UAE

A recent Supreme Court of Appeal (SCA) judgment on the case of National Brands Limited v Cape Cookies CC & Another [2023] (12 June 2023) has shed light on the application of Section 10(17) of the Trade Marks Act 194 of 1993 (the Act) in opposition proceedings. The case provides essential guidance on how this provision of the law affects opposition to trade mark registrations.

The matter concerned Cape Cookies' application to register the trade mark 'Snackcrax' in class 30, covering savoury snack foods such as biscuits. The Snackcrax application was opposed by National Brands based on its prior registrations for Salticrax, Snacktime and Vitasnack, all in class 30, also covering savoury snacks.

The High Court found that National Brands had failed to establish sufficient grounds to stop Cape Cookies from registering its Snackcrax trade mark and therefore Cape Cookies succeeded before the High Court. However, this decision was overturned by the SCA.

The opposition was based on several grounds found in section 10 of the Act. In considering this matter, the SCA only considered section 10(17):

Section 10(17) provides that a mark "shall not be registered as a trade mark if it is identical or similar to a trade mark which is already registered and which is well-known in the Republic, if the use of the mark sought to be registered would be likely to take unfair advantage of, or be detrimental to, the distinctive character or the repute of the registered trade mark, notwithstanding the absence of deception or confusion" .

Section 10 (17) is known as the anti-dilution provision, as it seeks to do more than just protect the mark as a source identifier, but it also seeks to protect the reputation, advertising value or selling power of a well-known mark.

There is no authoritative case that has dealt with the provisions of section 10(17), however there are several cases that have dealt with the application of the similar infringement provision, section 34(1)(c).

In this particular case, the court referred to the Laugh It Off Promotions CC v South African Breweries International (Finance) BV t/a Sabmark International and Another (Laugh It Off), which is the leading case when it comes to a dilution inquiry in terms of section 34(1)(c). In this case it was held that in order to establish infringement in terms of section 34(1)(c), a party has to meet the following requirements:

The first three points were not disputed. Furthermore, it had been conceded in argument before the High Court, that National Brands' Salticrax trade mark was well known in South Africa, meaning that the SCA only had to consider requirements (d) and (f).

At the outset, we must mention that Cape Cookies argued that section 10(17) only applies to goods that are different to those for which the mark had been registered. As a result, since both Salticrax and Snackcrax would cover savoury biscuits, National Brands was not entitled to rely on section 10(17).

The court rejected Cape Cookies' argument, stating that section 10(17) is not limited to matters involving different goods or services, but also covers similar goods and services.

The court then considered the similarity of the marks. In its considerations, the court applied the long-accepted approach the comparison of word marks. Thus, the court considered the visual, aural, and conceptual similarities between the marks, and considered factors such as the distinctive elements, overall impression, nature of goods or services, and consumer perception.

The court found that the dominant feature was the suffix 'crax'. This dispelled the arguments previously made by Cape Cookies, who submitted that the word 'crax' is an abbreviation of the word "crackers", which is an ordinary and descriptive word, and thus National Brands could not claim exclusive rights in this word. In considering evidence of language use, which included consulting various dictionaries, the court found that there was no basis for concluding that the word 'crax' was a word used in everyday language or that it was an abbreviation for crackers.

Furthermore, the court concluded that the prefix 'Snack' does not serve to distinguish Snackcrax from Salticrax either visually or aurally, as both the prefix 'Salti' and 'Snack' are descriptive words. In considering the notional use of the marks, the court further determined that the marks would be used on identical goods, which would cause further confusion among consumers.

In assessing whether Cape Cookies' use of the Snackcrax mark would be detrimental to or take unfair advantage of National Brands' reputation, the court made the following remark:

Concrete evidence of actual advantage or detriment is not required under 10(17). Only a likelihood need be shown ... I agree that, as opposed to bare assertions, facts supporting such an inference must be put up.

The court then went on to find that National Brands had proven that it had acquired a reputation in the Salticrax trade mark as a result of the time and money invested in marketing the brand. In this regard, the court considered, amongst other factors, that National Brands had spent more than R11m in advertising Salticrax over a 15-year period and as a result had achieved a strong market penetration.

Strong market penetration could be seen by the fact that, for example, the Salticrax product was sold in nearly 3,000 retail stores and in more than 270 convenience stores located at major fuel stations in South Africa, with nett sales for the product totalling around R670m in a period of 15 years. Due to this, the court held that the only inference that could be drawn from Cape Cookies' adoption of a mark incorporating 'crax' for identical goods was that it wanted to achieve market penetration at the expense of National Brands reputation.

In conclusion, the court found that if registration was to be allowed, use of Snackcrax would probably, or be likely to, take unfair advantage of the distinctive character or repute of Salticrax.

The judgment clarifies that Section 10(17) is not limited to cases of dissimilar goods or services but also extends to situations where the goods or services are also similar.

More importantly, it has clarified that evidence of actual harm is not a requirement under an enquiry in terms of section 10(17) and the type of evidence an applicant must adduce to show that registration of a conflicting mark would be likely to take unfair advantage of, or be detrimental to, the distinctive character or the repute of its trade mark.

Trade mark dispute: SCA ruling gets to the crax of the matter

NEW YORK and PARIS, Aug. 31, 2023 (GLOBE NEWSWIRE) -- CAST, the global leader in software intelligence technology, has been recognized again as a Technology Leader in the SPARK Matrix: Software Composition Analysis (SCA), an annual detailed analysis of the SCA solution market dynamics, major trends, vendor landscape, and competitive positioning.

The report ranked CAST Highlight as the leader in both Technology Excellence and Customer Impact categories, where it outperformed solutions from global vendors, including Mend and Veracode.

Commissioned by Quadrant Knowledge Solutions, a global advisory and consulting firm focused on helping clients in achieving business transformation goals, the report's research provides strategic information for technology vendors to better understand the market supporting their growth strategies and for users to evaluate different vendor capabilities, competitive differentiation, and market position.

"With its comprehensive technology, portfolio 'control tower' approach, innovative offerings, and effective competitive and growth strategies, CAST is well-positioned to grow its share in the global SCA market while targeting enterprises," the consulting firm said.

CAST, the software intelligence leader, provides software that 'understands' multi-technology software systems and automatically derives insights about their inner workings-interactions between all its elements, transaction flows, data access paths, changes needed to move to cloud, open-source risks, green impact, ISO 5055 compliance, etc. It is used globally by thousands of digital leaders, helping them make smarter decisions, maintain, and transform custom software with greater speed, and exert better ongoing control of the risks involved. Visit CASTsoftware.com.

CAST again recognized as Technology Leader in SPARK Matrix: Software Composition Analysis (SCA) 

NEW YORK and PARIS, Aug. 31, 2023 (GLOBE NEWSWIRE) -- CAST, the global leader in software intelligence technology, has been recognized again as a Technology Leader in the SPARK Matrix: Software Composition Analysis (SCA), an annual detailed analysis of the SCA solution market dynamics, major trends, vendor landscape, and competitive positioning.

The report ranked CAST Highlight as the leader in both Technology Excellence and Customer Impact categories, where it outperformed solutions from global vendors, including Mend and Veracode.

Commissioned by Quadrant Knowledge Solutions, a global advisory and consulting firm focused on helping clients in achieving business transformation goals, the report's research provides strategic information for technology vendors to better understand the market supporting their growth strategies and for users to evaluate different vendor capabilities, competitive differentiation, and market position.

"With its comprehensive technology, portfolio 'control tower' approach, innovative offerings, and effective competitive and growth strategies, CAST is well-positioned to grow its share in the global SCA market while targeting enterprises," the consulting firm said.

About CAST

CAST, the software intelligence leader, provides software that 'understands' multi-technology software systems and automatically derives insights about their inner workings-interactions between all its elements, transaction flows, data access paths, changes needed to move to cloud, open-source risks, green impact, ISO 5055 compliance, etc. It is used globally by thousands of digital leaders, helping them make smarter decisions, maintain, and transform custom software with greater speed, and exert better ongoing control of the risks involved. Visit CASTsoftware.com.

For more information, please contact Stephanie Watkins at s.watkins@castsoftware.com

CAST again recognized as Technology Leader in SPARK Matrix: Software Composition Analysis (SCA)

ISMAILIA, Egypt - 9 March 2023: Chairman of the Suez Canal Authority (SCA) Osama Rabie and Chief Executive Officer (CEO) of the Maersk Group Robert Maersk Uggla have witnessed the signing of a new agreement to boost joint cooperation in the fields of training, green transformation, constructing marine tugs and ship recycling.

In a statement released on Thursday, the SCA said the agreement reflects the long-standing strategies ties between the authority and the Maersk Group.

The agreement was inked on the sidelines of Rabie's visit to Denmark, where he met with Egyptian Ambassador in Copenhagen Karim Sherif to discuss how to attract Danish investments, the statement added.

During his meeting with Robert Maersk, the SCA head said the authority is keen on promoting cooperation with the Maersk Group and benefiting from their extended relations to achieve joint interests and serve the international maritime community

Rabie added the two sides will work under the new agreement to exchange expertise in the areas of training and digital transformation, especially as the SCA pays great attention to raising the efficiency of its workers in various sectors, through providing the latest technologies in training.

The SCA head stated the agreement also comes in line with the authority's tendency to develop an eco-friendly work mechanisms, as part of an ambitious business strategy to declare the Suez Canal as "green canal" by 2030.

He noted the two sides will also explore ways of cementing cooperation on constructing maritime tugs between the Port Said Marine Arsenal, one of the authority's arsenals, and Svitzer, one of the Maersk Group's companies.

Rabie explained the SCA and the Maersk Group will explore the possibility of enhancing cooperation in ship recycling.

On his part, Robert Maersk lauded the authority's efforts to advance joint relations with all active parties in the international maritime community, as well as the authority's keenness to support constructive initiatives and adopt future visions that contribute to developing the maritime transport industry and ensuring the sustainability of global trade.

Rabie and Maersk probed plans to develop the Suez Canal Container Terminal in East Port Said Port and transform it into a smart and eco-friendly terminal.

The pair also discussed ways to increase the number of Maersk Line ships crossing the Suez Canal by attracting new ships to enter East Port Said Port.

SCA head witnesses signing of agreement with Danish Maersk Group

Two years after the Supreme Court of Appeal ordered the State Attorney to recover the R18.2 million in taxpayer funds spent by Jacob Zuma on his corruption trial legal costs, it has yet to issue summons against the former president.

In response to repeated queries from News24, the State Attorney on Wednesday confirmed that it had not yet initiated court action against Zuma. It instead maintained - as it had in March 2022 - that it was preparing to issue summons against the former president.

It said it had "briefed counsel (a senior and a junior) in the matter, and counsel are working on the initial pleadings to recover the money".

State Attorney yet to summons Zuma for R18.2-million legal bill - 2 years after SCA ordered it to do so | News24

Directors of law firms are still liable for financial misconduct even if they have left and even if the misconduct was committed by only one of them, the Supreme Court of Appeal (SCA) said this week.

Ignorance cannot protect attorneys from facing disciplinary action when it concerns clients' money, the court said in a ruling in which a Limpopo law firm, Chueu Incorporated Attorneys, misappropriated more than R25m in RAF claims owed to clients...

SCA: Law firm directors accountable for misconduct

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Source: Kevin Mazur / Getty

LeBron James breaks his silence amid his son, LeBron Raymone "Bronny" James Jr.'s recent medical scare. The eldest child of the James clan went into cardiac arrest on Monday, July 24, during a USC workout.

In a Tweet, the James family patriarch thanked the public for the outpour of love and support.

"I want to thank the countless people sending my family love and prayers. We feel you and I'm so grateful. Everyone doing great. We have our family together, safe and healthy, and we feel your love. Will have more to say when we're ready but I wanted to tell everyone how much your support has meant to all of us! #JamesGang," he wrote.

What we know about Bronny James' medical scare

An ambulance was called to the University of Califonia's Galen Center on Monday morning, at approximately 9:26 am. The 18-year old was unconscious and taken to the emergency room via an ambulance under a "code 3" medical emergency.

According to a spokesperson for the James family, who issued this statement to TMZ, "Yesterday while practicing Bronny James suffered a cardiac arrest. Medical staff was able to treat Bronny and take him to the hospital. He is now in stable condition and no longer in ICU. We ask for respect and privacy for the James family and we will update media when there is more information."

"LeBron and Savannah wish to publicly send their deepest thanks and appreciation to the USC medical and athletic staff for their incredible work and dedication to the safety of their athletes."

Bronny James is currently in stable condition. And according to his father's tweet, everyone is "doing great." We will continue to pray for Bronny James' speedy recovery and the strength of Lebron James' and his family.

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Prayers Up: Bronny James Suffers Cardiac Arrest

Lebron James Breaks His Silence Amid Bronny James' Recent Health Scare was originally published on hellobeautiful.com

Lebron James Breaks His Silence Amid Bronny James' Recent Health Sca

Svenska Cellulosa Aktiebolaget SCA specializes in the production and marketing of paper and wood. Net sales break down by activity as follows: - production of pulp (26.2%): operates a pulp mill in Sweden; - production of paper (24.9%): 2 production sites located in Sweden at the end of 2022; - sale of wood products (24.6%): owns 5 sawmills located in Sweden; - forestry (24.3%): 2.7 million hectares of forest assets operated in Sweden and the Baltic States. The group also develops a renewable energy production activity. Net sales are distributed geographically as follows: Sweden (18.9%), Germany (10.6%), the United Kingdom (9.7%), Europe (35.3%), the United States (12.2%), Asia (7.9%) and other (5.4%).

SCA  :  Weak Q2, but not a complete disaster

The Supreme Court of Appeal (SCA) will sit on September 4 for the appeal against the Equality Court's finding that the EFF's singing of Kill the Boer was not hate speech.

Civil rights organisation AfriForum challenged the Equality Court's outcome after it lost its court bid which acquitted EFF leader Julius Malema of hate speech for singing the struggle song.

Despite having told the court last year that he changed the lyrics to "Kiss the Boer", Malema was heard singing the song along with thousands of EFF supporters at the party's 10th anniversary celebration at FNB Stadium on Saturday.

SCA to hear AfriForum's 'Kill the Boer' appeal next month after Malema sings it again

RUBIS TO ACQUIRE THE LEADER IN THE DISTRIBUTION OF FUEL PRODUCTS IN HAITI

February 20, 2017 11:35 ET | Source: Rubis

Rubis has signed an agreement to buy all the shares of Dinasa and its subsidiary Sodigaz, the leading distributors of fuel products in Haiti.

With 600,000 cbm distributed, Dinasa, the country's leading network of gas stations (125 sites), operates under the NATIONAL brand and works in all segments of the fuel product market, with leading positions in aviation fuel, LPG, heating oil and lubricants. The company has a strategic and autonomous import logistics tool (storage, maritime access).

Dinasa meets most of Rubis' investment criteria in its fuel distribution business: a leading player positioned on a niche market associated with the import logistics ownership.

Dinasa's sales volumes will increase Rubis Énergie's activity in the Caribbean zone by more than 35%, and will no doubt help leverage supply (densification of supply in the zone combined with economies of scale in shipping).

During the year ended September 30, 2016, Dinasa generated EBITDA of €40.4 million.

The acquisition is scheduled to close in the second quarter of 2017.

Rubis SCA

JOHANNESBURG - The Economic Freedom Fighters (EFF) told the Supreme Court of Appeal (SCA) that songs like Dubul' Ibhunu "are common if not necessary for political chant flavour".

The controversial struggle song, which translates to "shoot the boer", has come under the spotlight again, after it was sung at the EFF's 10th-anniversary celebrations in Joburg at the weekend.

In the interim, though, the Joburg High Court, sitting as the Equality Court, last year found the song was not hate speech on the back of a case AfriForum brought against the EFF.

AfriForum's now trying to overturn that judgment, with the SCA set to hear its appeal bid next month.

READ:

'Kill the boer': Steenhuisen accuses Malema of resurrecting 'demon of racism'

Malema says 'kill the boer' song was never meant to be taken literally

In the EFF's arguments before the SCA, it maintains that political chants like Dubul' Ibhunu "are not policies but figurative embellishments that are common if not necessary for political chant flavour".

The party maintains that these kinds of songs must be understood for what they really are and that they "are not literal and not directed at any particular grouping" but rather at "the entrenched system of land inequity".

The EFF also argues it would be "fanciful" to suggest that if they really intended to incite harm and violence that they would do it in the form of a chant or so publicly.

The party maintains the High Court got it right and wants AfriForum's appeal dismissed.

It's set down for hearing on 4 September.

SCA

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