Latest news with #Mall
IOL News
4 days ago
- Business
- IOL News
Accelerate continues with R100 million rights offer amid large related-party uncertainties
JSE-listed Accelerate Property Fund, which owns 50%of Fourways Mall, will undertake a R100 million rights issue on July 14, 2025, to further improve the mall and for the company's working capital requirements. Image: Fourways Mall/Facebook Accelerate Property Fund (APF), which has Fourways Mall Shopping Centre as its main asset, said Friday a R100 million rights offer that opens on July 14 will continue, in spite of uncertainty about the outcome of a R800m agreement with the developer of the mall. APF's share price fell 5.56% to 51 cents on Friday, much in line with the share price of 53 cents that it traded at a year earlier. 'APF remains committed to restructuring its operations with a focus on improving the Mall as APF's largest asset. The opening of the rights offer… is an important step towards the completion of these restructuring efforts, the proceeds of which will be utilised for improvements of the Mall and working capital needs of APF,' a notice said Friday. APF's directors said the rights issue would add to the R200m already raised by APF in a rights offer in June 2023. Meanwhile, a settlement agreement entered into in November last year, between APF and co-developer of the mall, Azrapart, had lapsed due to suspensive conditions not being fulfilled in the requisite timeframe. Last month, media reports showed Azrapart was placed into business rescue by the High Court in Bloemfontein, following an application by FirstRand's RMB and Investec, but Azrapart is appealing the ruling. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Other parties to the agreement with APF are Accelerate Property Management Company, the manager of the properties owned by APF other than the Mall; Fourways Mall Managing Agent and Fourways Precinct, the former manager of the Mall; the trustees of the Michael Family Trust; and APF's former CEO Michael Georgiou, who also controls Azrapart. Shareholders were previously told that APF would engage with the parties to conclude a new agreement, on the same or close to the same terms as the initial settlement agreement. 'Although both parties have indicated their willingness to sign the new agreement, the new agreement has not yet been concluded…and negotiations with the related parties are ongoing.' Should the new agreement be concluded, the balances due to and from the related parties would be offset to R0. Should the new agreement fail to be concluded, R800m, being the amounts receivable from the related parties, might be impaired by APF. APF said it would publish its results for the year to March 31, 2025, by July 31, 2025, whether or not the new agreement was concluded between APF and the related parties. If the new agreement was not concluded, legal advice would be sought about the validity and quantum of the claims. APF would also consider all available remedies to seek the recovery of the amounts due by the related parties to APF, it said in a statement. Visit:
Axios
6 days ago
- Business
- Axios
D.C. stalls popular public bathroom program amid funding cuts
D.C.'s popular public bathroom program is on hold — and people are pissed. Driving the news: Throne, the startup behind a fleet of luxe loos, shut down its six free toilets on July 5 after the city let its contract lapse over funding issues. City officials say they've identified funding to keep the bathrooms running through September, but they gave no timeline for reopening them. Why it matters: D.C. is desperate for bathrooms, especially with massive events for America's 250th birthday and beyond. Catch up quick: Throne launched 18 potties in DMV in 2024 — all free, mobile, ADA-compliant, and equipped with baby stations, sinks, AC and menstrual products. So yes, popular — D.C. Thrones attracted around 71,000 visitors between the start of the pilot and May. The city used six in a pilot program for high-traffic areas like Dupont Circle, Eastern Market and near the Mall. The latest: City officials told the Washington Post that Throne's funding was wiped after the congressional GOP spending bill slashed $1 billion from D.C.'s budget and forced the city to terminate contracts. Yes, but: The mayor's office seemingly reversed its decision after pushback from neighborhood organizations and public officials. A petition to reopen Thrones garnered more than 740 signatures. As one Throne supporter told Axios: "There's nothing like the wrath of someone approaching a bathroom and finding it closed." Zoom in: The D.C. Council is helping fund 10 Thrones in the new fiscal year, Councilmember Brianne Nadeau tells Axios. Nadeau, who championed the program as chair of the Committee on Public Works, says it's still unclear why the contract lapsed. Multiple committees pitched in for the pilot in FY26, she says, and council members sponsored their own, covering new Thrones in Wards 7, 8 and 1. Claims that Throne funding will cost Public Works jobs are "completely inaccurate," Nadeau tells Axios. What they're saying: "Ultimately, this is really scalable. They're easy to use, easy to place, people love them," Nadeau tells Axios. Her next step: Introducing legislation to make the pilot permanent.
Time of India
16-06-2025
- Health
- Time of India
Pesticides put pollinators at risk, threaten global crop yields: Pant varsity study
Rudrapur: A recent study conducted by the entomology department at GB Pant University of Agriculture and Technology in Udham Singh Nagar district's Pantnagar has raised concerns over the widespread use of neonicotinoid pesticides, linking them to a steep decline in pollinator populations – particularly honeybees – which poses a serious threat to biodiversity and global agricultural productivity. The research, led by head of entomology department Pramod Mall, found that neonicotinoids and chemicals like fipronil are harming pollinators not only by impairing their reproductive abilities but also by disrupting their navigation and feeding behaviour. "Prolonged exposure, even at low concentrations, can severely weaken bees' immune systems, making them more susceptible to infections like Nosema and infestations such as Varroa mites," said Mall. The study also highlights that rising global temperatures are causing a temporal and spatial mismatch between flowering plants and pollinators, disrupting pollination. "Pollinators, particularly bees, are facing a dual burden — climate-induced shifts in flowering patterns and the toxic effects of pesticides. This mismatch can result in failed pollination cycles," said Mall. Researchers discovered pesticide residues in the bodies of numerous bees. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Skype Phone Alternative Undo Alarmingly, 11.2% of the tested bee samples were contaminated with imidacloprid – an insecticide made to mimic nicotine – while 18.7% contained its major metabolite, 6-chloronicotinic acid. "These chemical traces can lead to neurological impairment and even death in pollinators. We also found that certain fungicides, when present alongside pesticides, interfere with bees' detoxification systems, and create lethal synergistic effects," Mall added. The researchers explained that the exposure pathways of pesticides vary depending on how and where they are applied. While pesticides sprayed on leaves or soil seep into nectar and pollen, which are then carried back to hives, contaminated water sources also serve as another route of exposure. To mitigate the crisis, Mall advocated for reducing pesticide use and adopting eco-friendly alternatives. "We must embrace integrated pest management (IPM) techniques and explore biological control methods to limit pollinators' exposure to harmful chemicals," he said. Echoing similar concerns, agri-scientist Anil Hafeez said, "If we fail to safeguard pollinators today, we risk collapsing tomorrow's food systems. Bees are not optional — they are indispensable allies in ensuring global food sustainability and ecological balance."
Irish Independent
16-06-2025
- Lifestyle
- Irish Independent
See inside this rare terraced Georgian home in Offaly on the market for €850,000
It is located in the heart of the town of Birr near the river Camcor and is located approximately 140 kilometres from Dublin and 95 kilometres from Galway. The period home on John's Mall is an excellently restored six-bedroom Georgian townhouse and is currently on the market for €850,000. It has remained true to its original form and has been cared for and enjoyed by the current owners for more than fifty years. Upon approaching the house, the original cast railings can still be seen before entering onto the limestone steps which lead to the ornate front door with a fanlight and polished brass. Once inside the home, many more original Georgian features can be found such as decorative cornicing, sash windows, period marble fireplaces and high ceilings. The hall floor level the house offers four interconnecting reception rooms which all enjoy plenty of natural light and beautiful views of both the gardens and John's Mall itself. The current owners located their kitchen at this level and took full advantage of the views from all aspects and windows. The first floor level is laid out with six bedrooms and a bathroom. Some rooms overlook the Mall and its unique structures, and some overlook the rear garden. Every view a picture. The lower ground floor has its own access from Johns Mall itself and five individual rooms ready to accommodate any potential buyer's needs and preferred uses. The original kitchen and pantry are located here complete with preserving hooks in ceiling and an open fireplace with crane. There are also four other rooms which offer ideal spaces for a dedicated home gym, a laundry room, household storage or a home office suite for a working professional. As well as access from the Mall to the front, there is also a staircase and door to the rear garden. ADVERTISEMENT Once in the gardens it is difficult to believe that you are in the centre of Birr, an easy walking distance from all services and shops. Birr is a town that is renowned for its preserved Georgian heritage, featuring charming terraces, including John's Mall and Oxmantown Mall. The town is also home to Birr Theatre and Arts Centre along with Birr Castle Demesne, the ancestral seat of the Parsons family, the Earls of Rosse, for fourteen generations.
Yahoo
10-06-2025
- Yahoo
Police looking for woman accused of using stolen credit card at local mall, taking over $14K
Police are searching for a woman who they said spent over $14,000 using someone else's credit card. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Beavercreek Police Department shared a photo of the woman on their social media and said that on May 23, she used a stolen credit card at multiple stores inside the Mall at Fairfield Commons. TRENDING STORIES: 3 new businesses coming to Huber Heights; Neighbors 'feel good' about continued development 1 dead, at least 2 others hurt after homemade fireworks cause explosion at Ohio home Invasive stinging insect that could cause death spotted in Ohio The woman is then accused of going to Chase Bank, where she made a large withdrawal. In total, the woman is accused of stealing $14,631.30. Anyone who can identify the woman is asked to contact Detective McCain at (937) 426-1225, ext. 249, or email mccainc@ Police said you may remain anonymous. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
