Monthly Archives: February 2016

Risen Energy Announces Full Year 2015 Results

NINGBO, China, Feb. 29, 2016 /PRNewswire/ — Risen Energy Co., Ltd, a public limited company organised under the laws of the People’s Republic of China, listed on the Shenzhen stock market, and a tier 1, “AAA” credit rated integrated manufacturer of high-performance solar photovoltaic products and provider of total business solutions, today announced its annual report for the year ending December 31, 2015.

Full Year 2015 Financial and Operation Headlines

  • Sales revenue of 5.26 billion RMB, an increase of 78% from 2014
  • Net Income of 320 million RMB, an increase of 382% from 2014
  • Shipments grow to 1246 MWp of solar PV modules and 547 MWp of EPC, BOT and BT solar project installations

The Company continues to demonstrate that their historic prudent financial management is now delivering unequivocal financial benefit to strategic partners, EPC project owners, the Company’s own projects and a minimal spot market on an international basis. With regionalised sales and service support structure, in place and expanding, end users are assured of detailed provision of techno-commercial solutions.

Ultramodern highly automated manufacturing infrastructure for cell and module production of 2600 MWp capacity at the end of 2015 which will be increased to 3100 MWp during 2016.

Investment in R&D delivers solar PV cells with efficiencies of 19%+ for polycrystalline and 20%+ for monocrystalline, as well as solar PV modules with the lowest temperature coefficient of power within the industry.

Risen’s Group diverse and supporting portfolio of products and services encompasses further segments and industries, covering the 2nd largest producer of Ethylene Vinyl Acetate (EVA) under the brand of Sveck, LED lighting solutions under the brand of Twinsell, financial services under the brand of Sunallies, an International Real Estate business, and an EPC services organisation, ensure that Risen’s financial sensitivity is diluted and not subject to an individual markets whims, with a net effect of long term viability being a pronounced asset for customers and their long term servicing needs.

Clearly the year ahead will prove remarkable as the Company continues to expand from its own cash generation. The guidance for Q1 2016 with a net income prediction of between 160 and 170 million RMB epitomises and re-iterates the growth is managed with long term sustainability as its core objective.

About Risen Energy Co., Ltd

Risen Energy Co., Ltd is a leading, global, tier 1, “AAA” credit rated manufacturer of high-performance solar photovoltaic products and provider of total business solutions for residential, commercial and utility-scale power generation. The Company, founded in 2002 and publicly listed in 2010, compels value generation for its chosen global customers. Techno-commercial innovation, underpinned by consummate quality and support, encircle Risen Energy’s total Solar PV business solutions which are among the most powerful and cost effective in the industry. With local market presence, and strong financial bankability status, we are committed, and able, to building strategic, mutually beneficial collaborations with our partners, as together we capitalise on the rising value of green energy.

and lt;title and gt; Mozambique banana fungus poses threat to SA plantations and lt;/title and gt;

A serious outbreak of a fungal disease which has been responsible for decimating millions of hectares of banana plantations across the world, could now pose a threat to South Africa’s R1.5 billion banana industry.

Panama Disease has been present in plantations in north-eastern Mozambique’s Nampula province for the past two years.

According to Altus Viljoen, a pre-eminent plant pathologist from the University of Stellenbosch, the outbreak is spreading rapidly across the Metocheria Farm, a 3 000 hectare farm owned by Norwegian company Norfund.

The outbreak at Metocheria is very serious. With the flooding at the beginning of 2015 the fungus has been spread almost everywhere on the farm, and most likely also down the Monapo River, said Viljoen.

Viljoen said that the disease could spread to more banana plantations in the Nampula province and then into Africa, where it may threaten food security.

The outbreak in northern Mozambique most certainly poses a risk to all its neighbouring countries. A major means of spread is water, as well as planting material and soil attached to shoes and vehicles from the farm. South Africans had been visiting the affected farms in Mozambique in the past, and are still visiting the farm to do business. If proper biosecurity is not introduced, South African growers might be affected, Viljoen explained.

According to the Agriculture, Forestry and Fisheries, bananas contribute more than 50% of the total gross value of subtropical fruits in South Africa, amounting to around R1.5 billion.

Panama Disease, which is caused by the Fusarium fungus, is a soil pathogen which infects the root system and goes on to colonise the entire plant.

In the 1950s, the disease wiped out almost all of the banana plantations in Central and South America. Despite growers switching to a new banana variety called the Cavendish, a new strain of the disease appeared in the 1990s, affecting large areas of South East Asia and spreading to northern Australia.

In Mozambique, a collaborative group of scientists is assisting the affected farms with research and information on how to deal with the outbreaks.

However, Viljoen said that he is surprised at how little is being done by the Banana Growers’ Association of South Africa (BGASA) to protect South Africa’s industry from the disease.

I have been invited everywhere in the world to help people protect the industry, but BGASA has not met with me to develop a biosecurity strategy for the country, he said.

BGASA chairman, Kobus Lourens, responded by saying that the chances of South Africa getting the disease were slim.

Yes, there is a chance of it spreading to South Africa, because if it got to Mozambique it can get anywhere. But to put it in perspective the site is 2 500km from us. It could be brought to South Africa by someone that takes plant material or soil, but it would have to be intentional, said Lourens.

Lourens added that Viljoen may be undervaluing the efforts BGASA has put into strategies to control the disease.

I have met with more than one plant protection officer in South Africa and they are well aware of the outbreak. The Department of Agriculture does have security measures in place, but only when we have an outbreak here or closer to us the measures will kick in. Nothing will be done while the disease is still in northern Mozambique, Lourens said.

Joyce Mkhonto (53) a fruit seller in Mbombela, said that bananas are her best-selling product.

If there is a disease it means I won’t be able to sell bananas anymore. It will have a heavy effect on my business, Mkhonto said.

SA to host three major international conferences

South Africa will this year host three international conferences that will contribute to global governance.

The Presidency on Monday said the conferences are also an excellent marketing and tourism opportunity for the country. President Jacob Zuma outlined the importance of inbound and domestic tourism for the country during the State of the Nation Address on 11 February 2016.

Tourism Minister Derek Hanekom also briefed the nation extensively on the tourism priorities for 2016/17 during the debate on SONA 2016.

The international conferences to take place in South Africa are the International Aids Conference to be held in Durban from 18 – 22 July 2016. Over 13 000 international delegates are expected to attend in addition to 5 000 local delegates.

Besides the tourism opportunities presented by South Africa hosting this conference, the country will use the opportunity to mark the progress made in fighting the Aids epidemic.

Government will in the coming weeks make further announcements about this conference, especially plans to have civil society take centre stage in the planning and execution of the conference.

South Africa will also host the 17th Conference of Parties (COP17) to CITES from 24 September 2016 to 5 October 2016 in Johannesburg at the Sandton Convention Centre.

One hundred and eighty-one (181) parties are signatories to the Convention and more than 2 000 participants are expected to attend the COP.

CITES is a powerful tool for biodiversity conservation. It regulates international trade in wild fauna and flora to ensure the international trade is sustainable and not detrimental to the survival of species in the wild. It will be the first time since the year 2000 that a COP of this convention is held on the African continent.

Another conference to be hosted by South Africa will be the 35th International Geology Congress to be held from 27 August to 4 September 2016.

Considered the “World Cup for geologists”, the congress aims to promote geoscience and socio-economic development on the African continent, with the impact being increased research in geosciences and opportunities for new mineral and petroleum discoveries.

It will also expose young African scientists to world class researchers, thus contributing to the transformation of the research fraternity.

SOURCE: SOUTH AFRICAN GOVERNMENT NEWS AGENCY

Appeal for respect for legal prescripts and processes

The Presidency wishes to remind all interested parties of the need to respect the institutions and processes created in terms of the Constitution and the law, in light of the media reports over the weekend relating to the South African Revenue Services (SARS) and the Minister of Finance, Mr Pravin Gordhan.

Media reports demanding that the President should summarily dismiss the SARS commissioner or interfere with the work of government agencies are unhelpful. There are prescripts within government which stipulate the processes to be utilised to resolve labour relations issues or disputes within the work environment.

The difficulty in the relationship between the Minister of Finance and the SARS Commissioner is being dealt with through the correct channels using the correct legal prescripts. The President began discussions with Minister Gordhan and Mr Moyane on this matter long before the State of the Nation Address and Budget2016. Measures are being put in place to address the issues responsibly and amicably, for the benefit of all. We urge interested parties to exercise calm and restraint and allow space for the matters to be resolved using correct channels.

There is also a need to ensure accuracy in the reporting of this matter.

The media has incorrectly reported, among other things, that there is a war at SARS and that the President and the Minister of Finance are somehow at war. This is a total fabrication and mischievous sensationalism.

Other reports have insinuated that the position of Minister Gordhan could be in jeopardy. The President wishes to emphasise that Minister Gordhan remains the Minister of Finance and any positing that the position of the Minister is under any threat is dismissed with the contempt it deserves.

Enquiries: Bongani Majola on 082 339 1993 or bonganim@presidency.gov.za

Source: The Presidency Republic of South Africa

AU High Level Delegation to Burundi conclusion statement

Our High Level Delegation comprising His Excellencies the Presidents of Senegal, Gabon, Mauritania, South Africa, and the Prime Minister of Ethiopia has concluded its visit to Burundi.

We have spent the last two days meeting with various stakeholders comprising the Burundi government, political parties and civil society soliciting their views about the political situation here in Burundi.

We are pleased with the participation and contributions of all these sectors.

The High Level Delegation of the Heads of State and Government expressed its concerns about the levels of violence, loss of life, and the general state of political instability in the country.

We are however pleased that all parties expressed strong commitment to resolving whatever political problems exist through inclusive and peaceful dialogue. We believe strongly that the solution to Burundi political problems can be attained only through inclusive and peaceful engagement.

The Government of Burundi has committed to the following:

The Government will continue the steps it has begun to open up space for free political activity by the people of Burundi and ensure the freedom of the media.

The AU will deploy one hundred human rights observers and one hundred military monitors to Burundi to monitor the situation.

His Excellency President Yoweri Museveni, President of the Republic of Uganda, will convene an inclusive dialogue that will be attended by all important stakeholders as soon as possible to continue the work that he has already started of facilitating peace talks in Burundi.

We urge the international community to support the people of Burundi in their efforts to find lasting peace and development for the country.

In this regard, we urge the international community to restore the provision of assistance to Burundi as requested by the people of Burundi so that they can continue with building their country.

The Delegation will provide a full report to the African Union Chairperson, His Excellency President Idriss Deby Itno, President of the Republic of Chad.

We want to emphasise the importance for all the people of Burundi to participate in the inclusive dialogue that is being facilitated by President Museveni.

The visit has been fruitful and productive. We trust that it will contribute immensely to taking the peace process.

We thank His Excellency President Nkurunziza, the government and people of Burundi for their warm hospitality.

I thank you.

Source: The Presidency Republoc of South Africa