A group calling itself aggrieved traders of gold dealership company, Menzgold has given the company a four-week ultimatum to pay 50% principal investments of all customers.
The group made this known at a press conference to drum home their demands following the refusal of the company to honor contract obligations of paying them their investment returns.
The press conference was in response to several statements from Menzgold since the impasse between the gold dealership company and the SEC began.
The company has recently hinted of its plan to make payment of the principal investment of all customers within three months. ,
General Secretary of the aggrieved customers of Menzgold, Kenneth Nimoh gave a four-week ultimatum for the company to provide 50% of the principal investment of customers.
“We do not subscribe to the prolonged period of 90 days stated in Menzgold communication as the company has not adhered to timelines in the past periods. We are even more concerned that this is nothing more than the time-bound strategy as the company in these past few weeks has rebranded its official vehicles, laid off staff, and it is likely to vacate their offices in the coming weeks.
“We recognize the difficulty Menzgold faces should it attempt to pay all customers at a go. Members of aggrieved traders of Menzgold are therefore giving them four weeks per their stipulated time to pay 50% of the total value of gold traded to customers and pay the rest of the remaining amount when the 90 days are due.”
The customers also disagreed with the company’s decision to make the payment via their accounts.
“They have promised us that we should go to our various branches and right from day one nothing has been done about it. If they say we should go and they will send money into our accounts, we not believe that it will happen,” an aggrieved customer said.
Menzgold has not been able to pay matured returns to its investors since the Security and Exchanges Commission (SEC) ordered it to suspend its gold trading operations to the public.
The company in an attempt to call the bluff of SEC came up with a payment schedule to pay its clients, but the said payments have been postponed for three consecutive times.
The delayed payments continue to stir up anger among Menzgold customers, as they have vowed to use every means possible to retrieve their investments.
‘We may pay in 90-days if you terminate your transaction’ – Menzgold
Menzgold had earlier indicated in a statement that customers who wish to terminate their investment transaction with the company will receive a full payment of their investment in 90 days if the ongoing misunderstanding with statutory institutions is resolved.
“Should Menzgold succeed in reaching an amicable resolution with the authorities, customers wishing to continue trading with Menzgold are free to exercise the option of continuing to trade with us. Similarly, customers wishing to terminate their business with Menzgold are free to do so and should be rest assured of their full payment in 90-days as stipulated…” the statement said.
Source: CitiBusiness News
KNUST Petroleum Engineering Students Visit Rigworld Training Centre
Final year students of the Kwame Nkrumah University of Science and Technology (KNUST) over the week paid a familiarization tour of the ultra-modern Rigworld Training Centre (RTC) located at Kejebil in the Ahanta West District of the Western Region.
The students, who were all from the Petroleum Engineering Department of the KNUST paid the visit to the training centre to expose them to hands-on practical knowledge and experience of safety training in the oil and gas as well as other areas within the extractive industry.
Senior Instructor at the RTC, Gina Donn observed the centre had invested heavily in building advanced simulators to provide realistic training focused on safety as well as building local capacity.
We deliver more than textbook theory. RTC is an asset that would help increase safety and productivity in the extractive industry while building local capacity, skills and development, she said.
Bismark Odame, Quality Health, Safety and Environmental Advisor at the RTC, who doubles as Health, Safety and Environment Instructor emphasized the centre had excelled in providing a wide-range of client focused safety training services and products to offshore and mining companies.
He said, We plan and tailor training to the reality of the people we train. The company believes in constant development, improving its training and facilities all the time.
Assistant Research Fellow at the Petroleum Engineering Department of the KNUST, Anthony Hammer explained the rationale for their visit.
They are final year students and very soon they would go to the job market so they are embarking on the tour to be exposed to the other aspects or components which is the field work, Hammer remarked.
He expressed satisfaction saying the purpose for their visit had been achieved as the students were exposed to the practical aspect of the theories they have been learning at school.
The KNUST Assistant Fellow stated, They have learnt that before working in an offshore facility, you need to obtain the minimum safety standard from a certified organization. They have also been educated on other safety issues in the offshore oil and gas business.
The Rigworld Training Centre, which is an indigenous Ghanaian company with International Standards Organization (ISO) 9001:2015 Oil and Gas accredited safety training centre offers safety training services to organizations in the offshore oil and gas industry.
The centre is fully equipped with advanced simulators, helipad and water survival training pool, medical centre, prime onsite accommodation, a restaurant and a fitness centre.
The RTC can boast of top international training experts with operational experience who had been selected to lead the programs which also includes Lifting Competence Training.
Among the Health and Safety Environment (HSE) courses the centre offers include Basic Offshore Safety Induction Emergency Training (BOSIET), Helicopter Underwater Escape Training (HUET) and Compressed Air Emergency Breathing System.
The rest are National Examination Board in Occupational Safety and Health (NEBOSH) as well as Institution of Occupational Safety and Health (IOSH). Enditem
Kindly take a tour at the plush Rigworld Training Centre
Source: News Ghana
Photos: CapeMay Properties Unveils “209 Signature Apartments”.
Capemay Properties a subsidiary of the Kasapreko Group Limited has unveiled an audacious 209-room apartments projects codenamed, ‘’The Signature Apartment’’ at a ceremony in Accra, Ghana.
CAPEMAY Properties, a full services Real Estate Company focused on delivering quality buildings at competitive prices, good rental yield for investors and excellent customer service is the first real estate company under the conglomerate Kasapreko Group which is seeking to give Accra’s growing urban population the opportunity to own decent and rewarding accommodation properties.
The 209-room apartment will be built by Italian construction firm Michelleti Group and expected to be ready in the first quarter of 2021.
Addressing an impressive ceremony of businessmen, journalists and members of the hospitality industry at the plush Kempinski GoldCoast City Hotel, The Managing Director of the Company Eunice Adjei-Bonsu said, the project was inspired by the Group Chairman Dr Kwabena Adjei’s philosophy for excellence. She added that, her outfit has passion to redefine urban living and make an indelible mark on Accra’s skyline.
‘’ Our concept for the signature apartments is very different from what other real estate companies offer to the Ghanaian market. We are offering our clients sophisticated amenities. The Signature Apartment offers you everything at your fingertips. We seek to deliver to our clients an apartments which guarantees return on investments for continued years’’ Mrs Adjei Bonsu added.
The Signature Apartment is a finesse styled, luxurious properties equipped to deliver service point of view from a concierge service and in-residence dining to a dedicated residential management team offering unmatched customer service to its clients.
Amenities include; roof top swimming pool and bar, fitness center and steam room,. Others are a Lawn tennis court, Ballet and Yoga studio, Library Movie theater, Bowling alley, hair and nail salon, and a 24 -hours security service,
The rest are Private underground parking, Ground level swimming pool, Indoor and Outdoor playground, Spa, Karaoke studio, Cafe ,restaurants, Corporate meeting rooms, Pharmaceutical drugstore, grocery stores as well as concierge services which completes its state of the art status.
The property’s starting price is from US$ 64500 studio apartment to $300,000 bedroom and penthouse apartment.
The amenities will be fitted by global player, Bosch electronics and its country director has promised a top class furnishing of the property and aims for a longer and robust retrofitting systems.
The Founder and Group Chairman of Kasapreko Company ltd, Dr. Kwabena Adjei in his remarks said, his philosophy for quality has been his hall mark and the launch of the Signature Apartments is to change the real estate marketing by providing a unique service which are missing in the real estate environment in Ghana.
Dr, Adjei stressed that, Capemay’s overall objective is to provide quality, decent rewarding and affordable homes for Ghana’s growing middle class. He further invited investors to take advantage of Ghana’s growing economy.
The concept is inspired by Ghana’s Adinkra symbol ‘Mframadan’ which denotes strength and sturdiness. The architecture is unlike anything found on the African continent. It is a highly ambitious and intriguing development, aimed at representing the pinnacle of refined African living providing location, leisure and luxury- A hallmark of African Excellence.
With its unique design the signature apartments is located at Tetteh Quarshie-Circle opposite the Accra Mall. It is ten minutes’ drive from the Kotoka International Airport. The property provides easy access to the city’s central business district.
The signature residence is luxury with sophistication, rising 13 stories and offering panoramic views, our unique property offers owners unparalleled service and amenities rich life style, featuring exquisite residence designated to meet the most discerning needs of its clients.
Nana Appiah Expresses Disappointment In His Friends And Associates.
Nana Appiah Mensah’s empire is near a collapse as he battles his way through his tough times with the regulatory authorities (BOG and SEC).
This is no news, but, the silence of his friends and associate sounds troubling as he laments of being left alone in this struggle. Could he also be suffering from the popular saying, ”no money no friends”. Who are these friends and associates if I may ask.
In the late hours of today, the business executive took to his Instagram page to register his displeasure amidst treats by his customers to stage a demonstration as they are not happy with how things are going with respect to the payment of their investment dividend and principal.
He stated categorically that he will live with the shock at the silence of his friends and associates and not the temporary slay of his foes and asked his detractors to seek the facts and gave a little insight into the operations of Menzgold for the past five years.
See the detailed post below
South African Airways Cargo Makes Difference In Lives Of Needy Children This Festive Season.
South African Airways (SAA) freight division, SAA Cargo (SAAC), is the proud airfreight partner of The Love Quilt Project (LQP), the US-based non-profit organization that helps vulnerable children in South Africa and the US.
As part of being a responsible corporate citizen SAAC when contacted once again by LQP through its New York office, jumped at the opportunity to extend a helping hand to the less fortunate.
As a result, SAAC recently transported over 100 handmade quilts from the US on behalf of LQP. Many of these quilts were handed over in Pretoria to children who are orphaned and affected by the HIV/Aids pandemic on November 17, 2018. More quilts will be given to children in the Western Cape on Saturday, November 24th.
SAAC is a specialist division of South African Airways, focusing on freight movement worldwide. It makes use of the belly space of SAA’s passenger aircraft and its dedicated Boeing B737-300 freighters.
Justice Luthuli, SAAC’s General Manager (Acting) says, “SAA Cargo has a long-standing relationship with The Love Quilt Project and is proud to be associated with an organization that makes a great impact on many children’s lives. In 2016, we were honored to have supported LQP by helping to bring their quilts to South Africa. We consider it a privilege to have once again partnered with the organization to bring hope and show love to these children through the beautifully handmade quilts.”
SAAC, in partnership with LQP, has transported over 400 quilts over the past five years for the benefit of the children.
Gretchen Ginnerty, President of LQP says, “LQP uses the healing power of love to change the lives of vulnerable and orphaned South African children, many of them affected by HIV and AIDS.”
“American children send messages of love expressed through art to brighten lives and help heal these children. These messages are created on fabric squares stitched into beautiful quilts that are given to children in need. LQP teaches tolerance and compassion, and through this initiative, the children are taught about the healing power of love and its ability to positively impact the world,” explained LQP President.
“This project is in line with our belief that, ‘love is the common thread that binds us all together as humans,’” Gretchen concluded. In a spirit of reciprocity, the South African children receive this same lesson before they receive their quilts and also create art squares for quilts to be given to American children affected by HIV/AIDS.
South African Airways (SAA) is the leading carrier in Africa, serving 57 destinations, in partnership with SA Express, Airlink, and its low-cost carrier, Mango, within South Africa and across the continent, and nine intercontinental routes from its Johannesburg hub.
Source: SAA Group Corporate Affairs
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