Latest news with #SEAM
The South African
6 days ago
- General
- The South African
Teenage hiker rescued off Table Mountain ledge
Teams of volunteers and professionals from Wilderness Search And Rescue, including SANParks – Table Mountain National Park rangers and SEAM team members, responded to the lower slopes of Table Mountain after receiving reports that a lone 16-year-old hiker was stranded on a small ledge above the contour path. According to the teenage hiker, he had attempted to find a shortcut from the India Venster trail to the Contour Path. While descending the steep ground, he slipped and fell a short way onto a narrow ledge. Luckily he was uninjured in the fall. When South Africans connect, we don't just network; we build a community. The Lekker Network is a professional network where every conversation starts with, 'How can I help you?' Come join us & be a part of a community of extraordinary Saffas. A passing good Samaritan spotted the stranded youth and quickly raised the alarm by calling the emergency number – (021) 937 0300. Rescue teams immediately responded to the Table Mountain Aerial Cableway Lower Cable Station, swiftly hiking up to locate the stuck hiker on a cliff above the Contour Path. A rescue climber on board the Western Cape Government Health and Wellness EMS / Air Mercy Service (AMS) rescue helicopter was flown to the scene and hoisted down to the ledge. The youth was helped into a rescue harness before being hoisted from the small ledge and flown to a nearby landing zone. According to David Nel, a spokesperson for Wilderness Search And Rescue (WSAR): 'Just as climbing a mountain requires physical and mental fortitude, navigating life's difficulties demands perseverance, resilience, and a willingness to overcome adversity. The journey to the summit, much like the journey through life, is rarely easy, but the rewards of reaching the top are worth the effort. 'This Youth Day, and with school holidays only a few days away, we urge hikers of all ages to embrace the enduring spirit of adventure, responsibly. 'Research your intended routes to ensure age and ability appropriate outings. 'Keep in mind that the days are shorter, so plan your outdoor activities for earlier in the day. 'Walk in groups and always tell someone where you're going. 'Respect the natural environment, always keep to the trails and avoid shortcuts. 'Make sure to pack a torch and an extra warm layer of clothing before venturing outdoors. 'Most importantly, ensure you save the correct emergency number and don't wait Call Us Sooner – (021) 937 0300', said Nel. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
IOL News
13-06-2025
- Business
- IOL News
How this mining company turned R10,000 into just R125 in five years
Sable Exploration and Mining (SEAM) has incinerated 99.55% of investor value since 2019 – turning R10,000 into just R125 – while reporting a R47 million annual loss, seemingly operating without a CEO, and its auditors have questioned its ongoing viability. Image: SoraAI Sable Exploration and Mining (SEAM) has incinerated 99.55% of investor value since 2019 – turning R10,000 into just R125 – while reporting a R47 million annual loss, seemingly operating without a CEO, and its auditors have questioned its ongoing viability. Yet it continues to attract investment, a history of failed rebrands, and joint ventures with entities like Boo Wa Ndo, whose owner publicly seeks funding to "make the dream a reality'. Five years ago, the stock was trading at 11c and has lost 99.55% since then. Your loss from your investment would be R9,875. The industrial metals and mining company, which received a demand for an annual general meeting on 10 December 2024, is currently worth R2.8 million. In fact, it is doubtful as to why the company still even exists. Its auditors, CM & Associates Incorporated, questioned its ongoing viability as a business in their opinion statement in the latest annual report, given that it incurred a net loss of R47 million for the year to February. SEAM's then CEO, James Allan, who has since retired, noted in the annual report that it lost a 'considerable' amount in profit because of a joint venture partner's failure to provide funding for a project. IOL could not find a statement to shareholders indicating it had appointed a new CEO. The company also has a history of attempted buyouts and consequent name changes. In 2023, PBNJ Trading and Consulting offered shareholders 100c a share to buy out the rest of the company it did not already own. Only 9.8% of all the SEAM shareholders accepted the offer, resulting in PBNJ Trading and Consulting owning 59.9%. At that stage, its shares were worth 99c. In 2012, it listed under the form of Sable Platinum and its name was changed to Sable Metals and Minerals in March 'to more fully reflect the broader mineral interests of the company,' it said on its website. Consequently, it was approached by unnamed Middle Eastern investors who wanted to focus on diamond acquisitions, but they never came through with the funding. Regardless, the company's name changed to Middle East Diamond Resources Limited in January 2016. Because the promised investment never happened, trading in shares was suspended until 2022, by which time it had brought its accounts up to date and changed it name again, this time to Sable Exploration and Mining. Despite reporting losses, it has successfully attracted investment from Ironveld, which committed to funding the completion of a beneficiation plant to produce magnetite. SEAM has also signed a deal with Boo Wa Ndo for the latter to buy a 55% interest in the prospecting rights and mining permits over two properties in Limpopo. Boo Wa Ndo is apparently owned by Thulani Ngwenya, who says on his LinkedIn profile that he's seeking investment for his projects to 'make the dream a reality'. 'This transaction strengthens SEAM's asset base and aligns with its exploration mandate and will improve the cashflow,' it said upon announcing the deal. Interestingly, one of its independent executive directors is Hazel Bango-Moyo, a CA with more than 19 years of experience. Bango-Moyo, who this contributor has personally met, is exceptionally bubbly and has won awards. She started Primorial in 2017 to help small businesses grow by offering financial services advice, including support in filing their tax returns. IOL Business
The South African
29-05-2025
- The South African
Card scammer suspects arrested near Lion's Head
A coordinated response from the SANParks Sea, Air, Mountain (SEAM) Special Operators and the Camps Bay Community Improvement District (CID) has led to the arrest of three suspects involved in a credit card scamming operation targeting tourists near Lion's Head in Cape Town. According to SANParks, the suspects had been operating from a white BMW, using a fraudulent card machine to deceive international tourists. The group reportedly distracted the victims during transactions, leaving with their credit cards after pretending the devices were malfunctioning. The alert was raised quickly, and thanks to prompt collaboration between SEAM and the Camps Bay CID, the suspect vehicle was identified and flagged. The City of Cape Town's Metro Police later intercepted and apprehended the suspects in the Green Point area. The trio was arrested for driving with false registration plates and possession of a card scamming device. Fortunately, no financial losses were reported, as all attempted transactions were unsuccessful. 'We are grateful for the immediate and effective partnership between SANParks and our local enforcement agencies,' a SANParks spokesperson said. 'This sends a clear message that criminal activity will not be tolerated, especially in areas frequented by visitors.' Table Mountain National Park, one of South Africa's most iconic tourist destinations, continues to be a hotspot for both nature lovers and, unfortunately, opportunistic criminals. SANParks reiterated its commitment to visitor safety, encouraging tourists to remain vigilant and report any suspicious activity. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Yahoo
19-03-2025
- Science
- Yahoo
Concord University offers prestigious scholarship for students pursuing education in science
ATHENS, WV (WVNS) — Throughout the next three years, nineteen students at Concord University (CU) will be awarded prestigious scholarships. According to a press release, the four-year scholarships for up to $60,000, equating to $15,000 per year, will be awarded to students seeking certain science degrees. Students receiving the scholarships will also get a computer and career-focused enrichment activities to bolster their academic and social growth through graduation. This is made possible through a $1 million grant from the National Science Foundation (NSF) to Concord University. WVSOM gears up for their third annual C.A.S.E. camp CU is looking for interested students to seek Bachelor of Science degrees in chemistry, computer science, computer information systems, and environmental geosciences at the institution. The school's Science Engagement and Active Mentoring Program (SEAM) is focused on building fellowship among students and contributing to the national need for educated scientists and technicians by supporting high-achieving students with demonstrated financial need. The project is projected to last through 2030. The SEAM program is will enhance students' STEM and professional identity and development through cohort building, career and entrepreneurial focused trips, mentoring by student peers and faculty members, and different workshops, the release stated. As a special feature, SEAM cohorts will have the chance to be involved in outreach and research at Concord's Materials and Rare Earth Element Analysis Center, as well as Virginia Tech's NSF-funded NanoEarth laboratory. The program aims to grow the STEM workforce within the region. Hinton Area Foundation offers two new scholarships for 2025 CU is recruiting high school seniors for the incoming SEAM cohort. New first-time freshman, transfer students, and in-state and out-of-state residents are eligible to participate. Students that qualify for the program must be PELL grant eligible. The scholarships offered through SEAM cover tuition, room, and board. For more information regarding the program, visit their website, or contact Dr. Joe Allen, Concord University Distinguished Professor of Geology/Chair, Department of Physical and Environmental Sciences at 304-384-5238 or by email. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
