Latest news with #Boxer
The Citizen
2 hours ago
- Sport
- The Citizen
Sold out 35th birthday celebration for 12 000 women in Sunday's SPAR Women's Challenge Durban
The SPAR Women's 10km Challenge will celebrate a major milestone on Sunday in Durban as it marks the 35thanniversary of the first SPAR Women's race. The SPAR Women's Challenge was first run in Durban in 1990 and later spread to other cities around the country, making the overall SPAR Challenge the world's biggest woman only street race. Race organizers have confirmed that the 10km race and 5km fun run are sold out. Many of South Africa's elite female athletes will be running on Sunday, 22 June hoping to gain points for the SPAR Grand Prix, which incorporates races in Cape Town, Durban, Tshwane, Gqeberha and Johannesburg. Pretoria's own Glenrose Xaba (Boxer), who last year became the first South African to win the SPAR Grand Prix since international athletes were admitted in 2019, aims to become the third runner, after Rene Kalmer and Irvette van Zyl, to win the title three times. Xaba won the Cape Town SPAR Women's race in March this year. Earlier this month, she ran a personal best in a 5000m track race in France, with a time of 15:10.42, so she is currently in good form and ready for Durban. Hoping to challenge Xaba will be Ethiopian Selem Gebre (Nedbank), who finished second in Cape Town, and young Tuks runner Karabo Mailula, who came third. Gebre finished second overall in the SPAR Grand Prix last year. Other top runners include Cacisile Sosibo (Boxer), who was the second best South African performer in last year's SPAR Grand Prix, and teammates the Phalula twins, Diana-Lebo and Lebogang, who are both former SPAR Grand Prix winners. The 12 000 entrants will each stand a chance win a Hyundai Exter SUV from the lucky draw. 'We are proud to offer our stunning Exter as a prize for the SPAR Women's Challenge. We congratulate the SPAR Durban Challenge on 35 years of women empowerment through sport, while inspiring the next generation of champions,' said Hyundai South Africa CEO Stanley Anderson. SPAR Group PR, Communications and Sponsorship Manager Mpudi Maubane confirmed that each of the SPAR races is linked to their ongoing commitment to ending Gender Based Violence (GBV) as well as SPAR's campaign to end period poverty by 2030, raising awareness and providing support to organisations working to combat these issues. 'This multi-faceted approach ensures that the races that form part of the Grand Prix series not only promote physical well-being but also contribute to a safer and more equitable society for women in South Africa,' Maubane explained. The proceeds from the race will go to Sinethemba Women's Foundation based in Inanda, KwaZulu Natal. This small organisation assists vulnerable women in their neighbourhood by offering support on skills and business development, career guidance, aligns with SPAR's values – ending GBV and helping young girls and women with menstrual hygiene. The alignment with Sinethemba Women's Foundation work with SPAR's core values highlights the deliberate and great connection that we seek to foster with the communities we serve. Maubane added that by supporting organisations like Sinethemba, SPAR is investing in a future where women are safe, empowered and have the necessary resources they need to thrive. The route for the race is the same as last year. The 10km route is flat, but race director Brad Glasspoole says it is anything but monotonous. 'There's a fine line between 'flat and fast' and 'monotonous',' says Glasspoole. 'This route has slight elevation loss and gain, which keep it interesting and is good for the athletes' The race starts on Masabalala Yengwa Avenue and finishes on the outer fields of Hollywood Kings Park Stadium. Do you have more information about the story? Please send us an email to bennittb@ or phone us on 083 625 4114. For free breaking and community news, visit Rekord's websites: Rekord East For more news and interesting articles, like Rekord on Facebook, follow us on Twitter or Instagram At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading! Stay in the know. Download the Caxton Local News Network App Stay in the know. Download the Caxton Local News Network App here
Malaysian Reserve
2 days ago
- Health
- Malaysian Reserve
SEEKING DOGS WITH EXTREME FEAR OF THUNDERSTORMS FOR VETERINARY STUDY IN FLORIDA
Multiple Clinics Participating in Study Evaluating an Investigational Medication With the Goal of Achieving the Medication's Approval by FDA RALEIGH, N.C., June 17, 2025 /PRNewswire/ — Dog owners in Florida—the storm capital of the U.S—now have the opportunity to have their dogs screened for possible inclusion in a clinical study evaluating a potential treatment for severe thunderstorm aversion. The study is evaluating an investigational oral medication given twice-daily during storm season that could offer round-the-clock relief. Participation is free, and qualifying dogs receive all study-related care–including evaluations, diagnostic testing, exams, and medication (or placebo) at no cost. Marilyn Bonner says her dog was 'skittish' of storms and loud noises when living in Pennsylvania, but upon moving to Florida, her Boxer developed intense anxiety. 'Nothing prepared us for the thunderstorms in Florida. They're so intense and so frequent. As soon as one rolls in, she'll start panting and severely shaking. It's heartbreaking.' Dogs With Thunderstorm Aversion Are Suffering Dogs with severe thunderstorm aversion often display their intense fear by hiding, cowering, destructiveness, trembling/shaking, self-harm, and more. Sadly, the fear may begin hours before a storm arrives, and in some cases, take days for dogs to recover. 'During a thunderstorm, my dog never leaves my side; she's there shaking, drooling, and practically hyperventilating. There are times I've thought she was going to have a heart attack,' says Jill Powers, of Southwest Florida. 'I just feel so terrible for her.' In a published study, nearly 50% of dog owners reported their dogs show fear when exposed to noises. What Dogs Can Participate?In order to be eligible, dogs must show signs of thunderstorm aversion, weigh at least 8.8 lbs., be in good general health, and meet certain other criteria. Interested dog owners can visit to see if there's a participating veterinary site nearby and complete a short pre-screening questionnaire. Take Action NowThe study only runs a few months during Florida's storm season, so pet owners interested in signing up their dogs should act quickly. Participation offers pet owners a chance to help their dogs, support research that could lead to a medication approved by the Food & Drug Administration's Center for Veterinary Medicine, and benefit generations of dogs in the future. To learn more, visit About VisionaireVisionaire Research & Education supports patient recruitment for veterinary clinical studies, helping veterinary pharmaceutical Sponsors speed new pet medications to market. The Company's number one priority is helping dogs, cats, and horses — and their owners — experience a better quality of life through innovative treatments and solutions. The pivotal studies Visionaire supports can be a way to gain access to quality diagnostics and veterinary care — and investigational therapies that often aren't available anywhere else — all at no cost to pet owners. For more information, visit Contact: Megan Hepp, 919-293-0243 x 202; megan@
The Citizen
3 days ago
- Sport
- The Citizen
Pietrouisti podiums at provincials
Matthew Pietrouisti fought hard and smart to finish third in a competitive U11 to U13 boys' mile at the CGA 21km, 5km and mile championships at the Johannesburg Expo Centre in Nasrec on June 14. Bohang Qhoaisa of Mamepe Striders won the 1.6km race in 05:04, while Boxer's Philani Luthuli was three seconds off the pace after crossing the line in 05:07. Pietrouisti secured the bronze medal with a time of 05:10, rounding off the top three. Pietrouisti's podium finish was a result of sheer determination and a strong desire to push his limits. He has been performing well recently, and this result follows his first victory of the current CGA cross-country season, where he won the U12 boys' 4km race at the third league meeting in Dobsonville. Speaking to the Benoni City Times after the race, the Farrarmere Primary learner said the race was an opportunity to raise his profile and gain recognition. 'I am always up for new challenges and experiences – an opportunity to put my name out there and be seen. That's what I hoped for on Saturday, and I'm happy with the result,' he said. Reflecting on the race, the youngster told the paper he learned valuable lessons that will help him in the future. 'It is a completely different race from cross-country, and I need to change my strategy. But I am always up for it. I have my goals, am determined, and am working hard this season.' Meanwhile, East Athletic Club's (EAC) Mahlatse Mamonyane won the U11to U13 girls' mile. The Daveyton resident clocked 05:34 to beat Mia van Huyssteen and Megan Roberts. Huyssteen completed the race in 05:41, while Roberts, of the Brakpan club Irun AC, followed a second later to claim the bronze. In other results, Bennett Seloyi and Lebo Phalula-Mzazi won the men's and women's half marathons, while Andries Sesedi and Megan Roome clinched the senior men's and women's 5km Noah and Tshenolo Sebueng won the juniors' 5km events. Zanele Maisa, from KwaThema, and Olympian Ryan Mphahlele won the senior women's and men's miles. Tebogo Matsimela, Keegan Coetzee, Hanri Pretorius, and Boipelo Maroga won the junior men's and women's miles, as well as the U14 to U16 boys' and girls' miles, respectively. Also Read: CGA celebrates athletes for raising the bar at nationals Also Read: Local athletes to watch in the CGA cross-country season At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
IOL News
06-06-2025
- Business
- IOL News
Fairvest reports robust interim distributable income growth and acquires five properties
Fairvest's Southview Centre in Soshanguwe. The group is steadily transforming its diversified commercial property portfolio to one that focuses on retail centres for lower income communities. Image: Supplied Fairvest, which Friday announced the acquisition of five properties for R477.7 million, increased its interim distribution for its B share by 8.8%, a performance well above inflation and which ranks it among the leaders in South Africa's REIT sector at present. Fairvest owns and manages a portfolio of 127 retail, office, and industrial properties, valued at R12.5 billion. During the six months to March 31, the group increased its stake in Dipula Properties to 26.3% from 5%, which was accretive to earnings and loan-to-value. 'Fairvest is making progress in transforming its diverse portfolio by improving the quality, while pursuing its aim of becoming a retail-only REIT servicing low-income communities in South Africa. The portfolio transformation is taking place at a slow and measured pace,' CEO Darren Wilder said in an interview. The strategy involves disposing of non-core assets and reinvesting in retail-focused properties - about 70% of revenue is currently generated from retail properties, he said. Consistent with this plan, Fairvest acquired five retail properties in KwaZulu-Natal and the Western Cape: Nquthu Shopping Centre, Ulundi Shopping Centre, Eyethu Junction, and Shoprite Manguzi in KwaZulu-Natal. These shopping centres have key food retailers, including Shoprite, Boxer, and SuperSpar, as anchor tenants. Also, an agreement was reached to acquire Thembalethu Square, outside George in the Western Cape, which is anchored by Shoprite and Boxer. Fairvest owns 51% of the issued shares in the new acquiring company. Wilder said they were 'always on the lookout' for assets that fitted their strategic focus. Fairvest disposed of one industrial property valued at R24m during the period and at a 14.3% premium to book value. Capital expenditure of R139m included R19.8m for further investments in solar initiatives. The group also invested R76.6m in fibre network infrastructure, which earns rental income. 'The portfolio continues to benefit from the disciplined execution of our strategy - vacancies remain consistently low, tenant quality has improved and the portfolio remains operationally robust. These solid fundamentals, combined with conservative balance sheet management, position the group for sustained growth,' said Wilder. There was positive letting activity in the six months, with 236 new deals and 216 renewals. Vacancies edged up to 5.5% from 4.3%. The entire 8% increase in property expenses was linked to higher municipal costs. Excluding this, operating expenses decreased by 1.9%. Property expenses were expected to increase around 7% for the year, said Wilder. Net loans of R4.4bn represented a loan-to-value of 31.8%, a reduction from 33.3% at the September 2023 year end. Cash on hand and undrawn debt facilities stood at R547.4m by the end of the interim period. Progress was made on the business continuity strategy - around 48.3% of the portfolio's gross lettable area has access to either partial or complete backup power. The number of solar plants stood at 46, with total installed capacity of 21.9 MWp. These plants provided 16.7% of the combined portfolio's electricity needs in the six months. Clean, renewable energy generated during this time amounted to R33.1m. A further eight plants were expected to add some 2.1 MWp of capacity.
The Citizen
06-06-2025
- Business
- The Citizen
Pick n Pay CEO receives the highest salary in retail. Here's how much others get
The lowest-paid CEO in grocery retail is Marek Masojada, CEO of Boxer, with R5.6 million, while the highest-paid is Sean Summers (pictured), CEO of Pick n Pay, with R24.9 million. At the top of the corporate ladder, the CEO stands as the face of pressure and power, a single person trusted with steering a company through stormy seas of inflation, consumer hesitancy and relentless competition. Those at the helm of retail companies are paid handsomely due to several factors, including qualifications, experience and responsibilities. These are the people whose vision keeps customers walking through the doors despite the crushing cost of living. The lowest-paid CEO in grocery retail is Marek Masojada, CEO of Boxer, with R5.6 million, while the highest-paid is Sean Summers, CEO of Pick n Pay, with R24.9 million. How do grocery retailers pay? Those who are on the sales floors, in the stockrooms and behind the registers receive significantly less pay despite them being the people who grind through the chaos, carry out plans and turn PowerPoint strategies into tangible success. Is it truly fair that those who ensure the vision comes to life earn a fraction of what the visionary earns? The Companies Amendment Act, signed into law in July 2024, requires public and state-owned companies to disclose the earnings of their top and lowest employees. The Citizen attempted, with no success, to obtain the breakdown of how much the lowest-paid employee in each of six prominent grocery retailers in South Africa earns, as well as their positions. Enquiries were sent out earlier in the week. ALSO READ: Is Boxer taking over, or is trouble brewing? Lowest-paid CEO in grocery retail According to Boxer's financial results for the 53 weeks ended March 2025, its CEO, Marek Masojada, received a basic salary of R5.6 million. His total remuneration was R18.5 million. The total remuneration includes basic salary, retirement and medical contributions of R1.1 million, benefits of R300 000 and a short-term performance bonus of R11.5 million. The financial results outlined that Boxer has a total of 31 906 employees. The retailer spends nearly R3.1 billion paying these employees, representing a 19.1% increase from the R2.5 billion spent in the previous financial year. ALSO READ: Pick n Pay turnaround taking shape as it delivers on first year of recovery plan Highest paid with no benefits According to Pick n Pay's financial results for the 53 weeks ended 2 March 2025, the man responsible for restoring the retailer's glory, Sean Summers, received a basic salary of R24.9 million. Unlike other CEOs who receive benefits, retirement contributions and medical benefits, as well as short-term performance bonuses, Summers does not receive these. However, he got a whopping R40.1 million in long-term awards. Pick n Pay said that employee costs increased by 1.1% to R6.4 billion during the period, up from R6.3 billion in the previous financial year. ALSO READ: What does the future hold for Spar? Retailer's profits nosedive R16 million for Spar CEO Spar seems to include the remuneration of executives and staff in its annual financial results, which are released towards the end of the year. However, The Citizen reached out, with no success, to the retailer to get the figures for 2025. According to the retailer's annual financial statements for the financial year 2024, released on 28 November 2024, Spar's CEO, Angelo Swartz, got paid a basic salary of R9.5 million. During the period, he received a performance-related bonus of R4.3 million, retirement funding contributions of R1.1 million, and allowances and other benefits totalling R1 million, costing the retailer R16 million in remuneration. ALSO READ: How Shoprite made R20 million profit per day Shoprite and Checkers led by one man Shoprite and Checkers are led by one man under Shoprite Holdings. The Citizen was unable to get the remuneration report of the group for 2025. According to the financial statement for 2024, the group's CEO, Pieter Engelbrecht, received a salary of R18 million. Apart from the salary, he received retirement and medical benefits of R500 000, benefits worth R919 000, a short-term performance bonus worth R17 million and a long-term incentive bonus worth R14.3 million, making his total cost to the company of R52 million. ALSO READ: Is Woolworths in trouble? CEO said financial performance 'disappointing' Woolies CEO Woolworths' annual results for the year ended June 2024 show that the total remuneration for its CEO, Roy Bagattini, in 2024 was R65.29 million. The breakdown of his remuneration package includes the base salary of R19.39 million and benefits worth R2.5 million. Additionally, he received both short-term and long-term incentives. NOW READ: Capitec CEO tops banking pay charts — but how do staff salaries compare? A look at how SA's top five banks pay
