Green light for Walmart deal

first_img1 June 2011 South Africa’s Competition Tribunal has given US retail giant Walmart the go-ahead for its R16.5-billion acquisition of a controlling stake in local retailer Massmart, with conditions.“Today the Competition Tribunal approved the merger between Walmart and Massmart subject to certain conditions,” the tribunal said in a statement on Tuesday.No further details were given. Full reasons for the tribunal’s decision will be made public within 20 working days.In January, shareholders voted to accept Walmart’s bid to acquire 51 percent of Massmart for R148 a share in a deal worth around R16.5-billion.The Competition Commission initially recommended the deal go ahead without conditions. However, it later changed its mind based on new evidence and recommended that Massmart reinstate 503 retrenched workers and the new merged entity be forced to honour existing agreements with trade unions for the next three years.Earlier in May, the tribunal held hearings in Pretoria during which trade unionists and government departments argued that jobs and local procurement in South Africa could be jeopardised by the deal.Unionists argued that Walmart was known to be anti-union and hard on labour.Unions and government wanted the tribunal to either decline permission for the deal to go ahead, or alternatively impose enforceable conditions on Walmart.However, Walmart argued that imposing conditions would violate numerous international trade agreements signed by the South African government. It would also give an unfair advantage to the merged entities’ competitors.Walmart said it was prepared to commit to no retrenchments for two years, and that the merged entity would honour all labour agreements to which Massmart was a party.Massmart and Walmart also vowed to spend R100-million to develop local South African suppliers over the next three years.Government said it was concerned about Walmart’s procurement policies. It argued if Walmart were a country, it would be China’s eighth largest trading partner.Walmart’s belief in low prices governed its procurement policies and that there was a substantial public interest in the deal and its effects, according to the government.The Massmart group includes Game, Dion Wired, Makro, Builders Warehouse and Masscash.Walmart operates around the world, including Canada, Brazil, China, Chile, Japan and Mexico. It wants to buy the stake in Massmart in order to get a stake in emerging African markets.Sapalast_img read more

Madiba Music: Your 67-minute Mandela Day Mixtape

first_imgIn celebration of Mandela Day, here is an essential list of the best Madiba-inspired musical moments. Spend your 67 minutes doing something to honour the man and his life with this soundtrack of great local and international artists paying tribute to South Africa’s greatest citizen. Nelson Mandela dances on stage in October, 1995, with supporters in Johannesburg, South Africa. (Image: Reuters)• South African music• Nelson Mandela – a timeline • Watch: Salif Keita and Black Mambazo call for harmony in Africa• Remembering Mandela, one year on• Jazz trumpets the notes of freedom CD AndersonNelson Mandela called music the “great blessing”, and believed that it has the power to “unite us all to sing with one voice”, to give us all the opportunity to both dream and dance.Madiba inspired a diverse collection of musicians, from ska punkers to classical composers, world-beating rock stars and jazz greats, and they all responded with some amazing tributes.In celebration of Mandela Day, here is an essential list of the best Madiba musical moments, including some of his personal favourites, as well as songs that helped define his place in history and our hearts.While you spend 67 minutes doing something to honour the great man and his life, take a moment to listen to the songs below and join the celebration.Hugh Masekela – Bring Him Back Home One of South Africa’s jazz greats, Masekela spent much of his life in exile, and that longing to return home inspired this somber but powerful lament to both the African diaspora and Mandela himself, the guiding light for those returning home to a new South Africa. Masekela had the honour of playing the song live for Madiba on his release from prison in 1990.Simple Minds – Mandela DayA song celebrating an imprisoned African leader by a Scottish rock band makes for an interesting dichotomy, but it is an appropriate one: Simple Minds’ singer Jim Kerr was one of the more outspoken proponents of the UK’s anti-apartheid movement. This celebratory song is, naturally, the unofficial anthem of July 18th, but a more lasting legacy was its part in bringing the story of Mandela and apartheid South Africa to a global audience during the 1980s.Yvonne Chaka Chaka – Umqombothi According to Chaka Chaka, this song – an upbeat sing-along about traditional African beer – was Mandela’s favourite song of all time. With its bold African groove, catchy chorus and addictive rhythm, it is the perfect fit for our famous Dancing President.Abdullah Ibrahim – MannenbergThe quintessential sound of South Africa, instantly recognised by all its citizens by the rolling piano theme and dynamic tempo. Named after the vibrant District Six area scarred by forced removals during apartheid, the song’s uplifting coda also acts as a perfect motif for a returning hero to free his people.Brenda Fassie – Black PresidentMa Brrr was one of Madiba’s favourite singers, and she celebrated his presidency in 1994 with this impassioned pledge of allegiance to his leadership and his dream for a free South Africa. The song inspired a generation and made her one of the country’s greatest musical icons.Vusi Mahlasela – When You Come BackThe Voice of Mamelodi has enjoyed a long career as a musical storyteller at home and around the world. In 1992, he greeted Madiba and other returning heroes with the “ringing of bells and the beating of drums” in this joyful harmony that quickly become his signature song. The song, much like Mandela, calls for humanity to “give something to the world and not just take from it.”The Specials AKA – Free Nelson MandelaWithout doubt the most famous song about Madiba, this rollicking ska protest song inspired the youth-led anti-apartheid movement across the world during the 1980s. Today, the song’s lyrics still have resonance, highlighting the ideals of Nelson Mandela to overcome poverty through positive action.Johnny Clegg – Asimbonanga (We have not seen him)The live performance of this song says it all: a powerful performer with a powerful song, joined on stage by the most powerful icon in South African history. Asimbonanga is a joyous refrain to all South Africans to be inspired by the life and work of Madiba and use it every day to continue his legacy.U2 – Ordinary LoveWorld citizen Bono has always had a strong connection to Madiba and his ideals, so it was appropriate that U2 was asked to write the theme song for the “Mandela: Long Walk to Freedom” film in 2013. The song, released a week before Madiba died, is a touching final tribute to the great man and his life’s work.Some other great Madiba-inspired tracks to soundtrack your 67 minutes this Mandela Day: Zahara featuring Mzwakhe Mbuli – Mandela Youssou N’dour – Nelson MandelaSipho Hotstix Mabuse – NelsonKoos Kombuis – Madiba BayWilhelm Kaiser-Lindemann – Hommage a Nelson M for Cello and PercussionMiles Davis – Amandlalast_img read more

Maple syrup production season gives way to maple syrup eating season

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Shelly Detwiler, berry farmer and dieticianWhat’s up with all the buckets on the trees? It’s maple syrup time! According to the Ohio Maple Producers Association, maple syrup contributes $5 million to our state’s economy. Only 13 states produce maple syrup and Ohio ranks in the upper half, producing almost 100,000 gallons. The demand for maple syrup is bigger than is currently produced.The history behind maple syrup boils down to the Indians finding the sap oozing from broken branches. The story goes that the Indians hollowed out logs, filled it with the sap and then threw in hot coals to reduce the syrup.The Johnson Family in Cable has been making syrup since 1934. Eric Johnson said 2019 has been a good year for maple syrup for the operation. Their family produces, on average, 300 gallons of syrup a year that they market right on site as well as local farmers markets. Yo-yoing winter temperatures actually improve syrup production. Based largely on the temperature fluctuations, syrup season starts around Feb. 15 and goes until the buds and honeybees come (around April 1). It takes 45 to 50 gallons of sap to make one gallon of syrup. Eric uses wood fires to cook down his sweet syrup, which takes longer than other producers who use reverse osmosis.Pure maple syrup must be grade A and labeled as such to be sold in a retail establishment. All maple syrup is produced with reduction. The syrup recently took on a new grading system based on color.There are three grades of maple syrup. Grade A Golden Delicate Grade A Amber RichGrade A Dark RobustGolden maple syrup has a delicate taste. It is the most popular. Amber maple syrup has a slightly darker color and a richer taste. Consumers like this for its fuller bodied and medium taste. Dark maple syrup has a robust taste than amber and golden syrup. Very dark maple syrup has a very strong taste and is usually used for sugar.The difference in the colors? It sounds like a mystery to me, but Eric says that color can be affected by: the part of the season the sap is harvested, length of cooking and/or rainfall. Most of Eric’s 2019 syrup has been graded as amber rich. He said the industry encourages the golden delicate grade but customers seem to request darker syrup, whether this is due to comparison to commercial syrups on the market or some other reason is unknown.Nutritionally speaking maple syrup has a similar carbohydrate content as white/brown sugar with 13 grams of carbohydrates per tablespoon. Maple syrup has a few more minerals and antioxidants than other sugars such as manganese and zinc, however it’s still packs plenty of sugar and calories. Don’t get caught up in the latest food trends, enjoy maple syrup in moderation because of taste, flavor and likeability. Maple syrup is a great way to sweeten your waffles, salad dressings, or even cook a hot dog in (which I enjoyed at Johnsons!) Eat well and Healthy,Shelly Spaghetti Squash with Maple Syrup and Shallots pioneerwoman.com2 whole Medium Spaghetti Squash3 Tablespoons Butter2 whole Shallots, Finely Minced1/4 cup Maple SyrupDash of SaltDash of Nutmeg Preheat oven to 375 degrees. Pierce spaghetti squash a few times with a sharp knife. Place on a cookie sheet and bake for 1 hour. Cut squash in half. Scoop out and discard seeds and slimy pulp. Scrap out the rest of the squash with a fork. Place in a bowl. Keep warm. In a large skillet, melt butter. Cook shallots over medium heat for 2 minutes or until soft. Reduce heat and add maple syrup. Cook for a minute, then remove from heat. Stir in salt. Pour mixture over squash. Sprinkle on nutmeg and mix together gently. Sever warm. Serves 8.Maple-Bourbon Banana Pudding Cake foodandwine.com6 Tbsp. unsalted butter½ c sugar1 overripe banana, mashed1 large egg, room temp1 cup milk, room temp1 cup flour,1 Tbsp. baking powderPinch of salt¾ c pure maple syrup½ c light brown sugar2 Tbsp. bourbon¼ c finely chopped pecansVanilla ice cream Preheat the oven to 375°. In a deep, 2-quart baking or soufflé dish, melt the butter in the microwave. Whisk in the superfine sugar and banana, mashing until thoroughly combined. Whisk in the egg and milk.In a bowl, whisk the flour, baking powder and salt; whisk into the baking dish until combined (the batter will be pretty loose).In a microwave-safe cup, heat the maple syrup, light brown sugar and 1/2 cup of hot water at high power until hot, 1 minute. Add the bourbon. Drizzle the syrup mixture over the batter; it will seep to the bottom. Do not stir. Scatter the pecans on top.Set the dish on a rimmed baking sheet and bake for 40 minutes, until the cake is golden. Let cool for 5 minutes, then scoop into bowls and serve with ice cream. Serves 6  Smokey Maple-Mustard Salmon eatingwell.com 3 Tbsp. whole-grain or Dijon mustard1 Tbsp. pure maple syrup¼ teaspoon smoked paprika or ground chipotle pepper (see Notes)¼ teaspoon freshly ground pepper⅛ teaspoon salt4 4-ounce skinless salmon fillets Preheat oven to 450°F. Line a baking sheet with foil and coat with cooking spray.Combine mustard, maple syrup, paprika (or chipotle), pepper and salt in a small bowl. Place salmon fillets on the prepared baking sheet. Spread the mustard mixture evenly on the salmon. Roast until just cooked through, 8 to 12 minutes.Notes: Smoked paprika is made from smoke-dried red peppers and adds earthy, smoky flavor. Chipotle peppers are dried, smoked jalapeño peppers. Look for different types of paprika and ground chipotle chile pepper in the spice aisle at some large supermarkets or at tienda.com or penzeys.com. Serves 4.   Roasted Root Vegetables With Balsamic-Maple Glaze cookinglight.com Cooking spray8 oz. red onions, each cut into 8 wedges with root intact8 oz. purple sweet potatoes, cut into 3/4-inch cubes8 oz. small multicolored carrots, (including purple), cut on an angle into 2-inch-long pieces, divided2 Tbsp. cup olive oil, divided8 oz. turnips, each cut into 8 wedges8 oz. parsnips, cut on an angle into 2-inch-long piecesdash salt1/2 teaspoon black pepper3 tablespoons balsamic vinegar2 Tbsp. pure maple syrup1 ½ tsp.chopped fresh thyme leavesPreheat oven to 450°F. Line 2 rimmed baking sheets with parchment paper, and lightly coat with cooking spray.Combine onions, purple sweet potatoes, purple carrots, and 1 tablespoons olive oil in a large bowl; toss to coat, and arrange in a single layer on a prepared baking sheet. In the same bowl, combine turnips, parsnips, remaining carrots, and remaining 1 tablespoons olive oil, and toss to coat; arrange in a single layer on the other prepared baking sheet. Sprinkle both baking sheets of vegetables evenly with salt and pepper. Bake purple vegetable mixture at 450°F, without stirring, until tender, about 25 minutes. Bake turnip mixture at 450°F, without stirring, until tender and lightly caramelized, 30 to 35 minutes.While vegetables bake, combine vinegar and syrup in a small saucepan over medium-high. Bring to a boil, without stirring, and cook until mixture is thickened, 6 to 8 minutes. (You should have about 1/2 cup of liquid.) Remove from heat, and cool to room temperature; sauce will thicken to syrupy consistency upon cooling.Arrange roasted vegetables on a platter, and drizzle with balsamic syrup. Sprinkle with fresh thyme, and serve immediately. Serves 5 (serving size: 1 1/4 c)last_img read more

Your Real Brand > Your Personal Brand

first_imgThis idea is not what you think it is. It’s different and in some ways, more important. It’s about your brand. Not the manufactured and manicured brand that social media allows you to present to the world. You know, the one you work hard to build.This is about your real brand. The brand that has nothing to do with social media. This brand is made up of how people feel about interacting with you personally, in real life. This brand isn’t the facade; this brand is the foundation and the structure. That experience is your real brand.What is the experience people have when they meet you?Do you give the person you are interacting with your full and undivided attention, making them feel that they are the most important person during the time you spend with them? Or was some distraction more important?How do you treat people who hold no position of power or influence and can do nothing for you? Do you acknowledge them, giving them the significance they may feel that they are lacking? Do you ignore them, recognizing they can do nothing for you?Is your behavior indicative of someone who does good work, who is conscientious, and who cares deeply? Is your brand that of excellence, of going the extra mile? Or is your brand “skating by,” doing only what is necessary and nothing more?This brand, your real brand, is more important than your brand on the internet and social media. It is your real character. It’s who you are when no one is looking and when you are not taking a selfie.Now, if your “personal brand” isn’t exactly your “real brand,” then your “personal brand” isn’t your brand. That incongruity means that what others see is not what they get. That your talk is not your walk. That it is, in fact, a facade and that the foundation and the structure are weak, not strong enough to support a better brand.You are better off improving your “real brand” than your “personal brand.” Who you are matters more than what you do. Essential Reading! Get my first book: The Only Sale Guide You’ll Ever Need “The USA Today bestseller by the star sales speaker and author of The Sales Blog that reveals how all salespeople can attain huge sales success through strategies backed by extensive research and experience.” Buy Nowlast_img read more

Bharat Bandh: Over a dozen injured in Bihar clash

first_imgOver a dozen of people were injured on Tuesday in a violent clash in Bihar during the “Bharat Bandh” called by various groups to protest against reservation policies, police said.Supporters, mostly upper castes youths, blocked roads and forcibly enforced the nationwide shut down in Ara town, Bhojpur district.“More than a dozen people were injured in the clash between supporters of the Bandh and a pro-reservation group comprising OBCs and Dalits,” a district police official said. Additional security have been deployed in Ara.According to reports, hundreds of youths opposing reservation to SC/ST and OBCs and supporting the Bandh, have blocked roads at several places, halted trains and forcibly closed markets in Patna, Begusarai, Lakhisarai, Muzafffarpur, Bhojpur, Sheikhpura and Darbhanga districts.The clash comes a day after the Union Home Ministry issued an advisory to all states to take precautionary measures in view of calls on social media for the “Bharat Bandh” by various anti-reservation groups to protest clashes during the April 2 SC/ST shut down.The Bharat Bandh on April 2 by Dalit groups against the alleged dilution of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act by a Supreme Court order had led to violence and arson in many parts of the country which claimed several lives and left hundreds of civilians and policemen injured.last_img read more

Arellano, NU banner PVL Collegiate conference

first_imgDon’t miss out on the latest news and information. Ray Allen visits Lyceum, tells unbeaten Pirates: ‘You have to work harder’ Sports Related Videospowered by AdSparcRead Next MOST READ Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games LATEST STORIES The Lady Chiefs, meanwhile, join University of the Philippines, Technological Institute of the Philippines, San Beda, Adamson, and College of St. Benilde.FEU is on its first campaign in a major tournament under the tutelage of head coach George Pascua, who replaced Shaq Delos Santos for the position.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingThe top four teams from Group A compete with the best four from Group B in the cross-over quarterfinals.The four winners then advance to the best-of-three semifinals with the best two teams advancing to the final round that has the same format. Tristan Tamayo/INQUIRER.netReigning NCAA champion Arellano and former titlist National University headline the upcoming Premier Volleyball League Collegiate Conference that is set to start on Sept. 2 at Filoil Flying V Centre.The Lady Bulldogs, who won the collegiate conference title in the 13th season of the Shakey’s V-League, banner Group A that includes Ateneo, San Sebastian, Lyceum of the Philippines University, Far Eastern University, and Jose Rizal University.ADVERTISEMENT Hotel says PH coach apologized for ‘kikiam for breakfast’ claim View comments Biggest Pogo service provider padlocked for tax evasion Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Celebrity chef Gary Rhodes dies at 59 with wife by his side NATO’s aging eye in the sky to get a last overhaul Lacson: SEA Games fund put in foundation like ‘Napoles case’ Trump signs bills in support of Hong Kong protesters Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’last_img read more

Video: Miami Fans Followed The Rock “For Miles” Until He Would Give Them An Autograph

first_imgThe Rock and the crazy Miami fan throwing up the U.Instagram/therockDwayne “The Rock” Johnson became famous for his time in the WWE, and later on, his hit movies, but first he played football at Miami. The Rock continues to be a big Hurricanes supporter. Miami gets knocked for its fan support at times, but the ‘Canes definite have their diehards, and today, The Rock proved it with a pretty crazy Instagram video. According to his caption, a pair of ‘Canes fans followed The Rock for miles, and got out of their car in heavy traffic to have him autograph a poster. Oh, and to throw up “The U.”Luckily for them, The Rock is an awesome guy, so he complied. We’re not sure all legendary former athletes would be so gracious.last_img read more

Ambassador Vasciannie to Address Jamaica 50 Ceremony in Atlanta

first_imgWASHINGTON – Jamaica’s Ambassador to the United States, His Excellency Stephen Vasciannie, is slated to deliver the keynote address at an awards ceremony in Atlanta, Georgia, on January 19 which will culminate a series of year-long series activities staged in that city to mark Jamaica’s 50th Independence Anniversary The function, which is scheduled for the Atlanta City Hall Atrium, will see a number of Jamaicans residing in that city, being honoured for outstanding contributions to that community.   Noted Jamaican singer, Karen Smith, and Atlanta-based artiste, Monty Montgomery, head the list of entertainers slated to perform at what is expected to be a grand affair. Several activities, showcasing Jamaica’s culture and heritage, were organized by the Jamaica 50 Atlanta Planning Committee, as Jamaicans and other nationals commemorated the country’s Independence Jubilee during 2012. The events included: an Ecumenical and Thanksgiving Service at St. Timothy’s Methodist Church; a Flag Raising Ceremony at Atlanta City Hall; and an Independence Ball hosted by the Atlanta/Jamaica Association. Other events staged, which were endorsed by the Planning Committee, included: a fashion cabaret; and the Atlanta Caribbean Jerk Festival. Patron of the activities, Jamaica’s Honourary Consul to Atlanta, Vin Martin, said the aim was to present an “entertaining and culturally-pleasing round of events that everyone (could) participate in and celebrate with us”, adding that “I know we succeeded in doing that”.   Planning Committee President, Heather Potter, described the activities as a “wonderful celebration for the Jamaican community here in Atlanta (which) has allowed all of the metro-Atlanta area to experience Jamaica at its best”.last_img read more

Energy stocks help SPTSX composite gain ground price of oil higher

first_imgTORONTO – Canada’s main stock index climbed higher Thursday, helped by the energy sector, which benefited from higher oil prices.The S&P/TSX composite index was up 45.91 points to 15,172.72.Revised upward global oil demand forecasts by the International Energy Agency helped to push up crude prices, says Kathryn Del Greco, an investment adviser with TD Wealth.“The market is continuing on the strength of the increase of the IEA on what is expected to be an increase of global demand and tightening in oil production by some of the producers,” said Del Greco.“We’re still seeing some follow through. Activity in crude is up.”The October crude contract rose 59 cents at US$49.89 per barrel, a six-week high.South of the border, stocks ended mixed and relatively flat on Wall Street, but a meagre gain for the Dow Jones industrial average was enough to mark another record.The Dow closed at 22,203.48, up 45.30 points.Meanwhile, the S&P 500 index gave back 2.75 points to 2,495.62 and the Nasdaq composite index declined 31.11 points to 6,429.08.Rising U.S. consumer prices, which expanded 0.4 per cent in August as gas and housing costs grew, likely played a part in the modest movements, said Del Greco.“The CPI rose slightly more than expected so that increases the likelihood of a rate hike in December,” she said.The Labor Department reported Thursday that prices are up 1.9 per cent over the last year, which could mean inflation is speeding up. However, it’s not clear how much of the recent increase in gas prices was due to Hurricane Harvey, which deluged the Gulf Coast region in late August and caused many drilling rigs and refineries to shut down.In currency markets, the Canadian dollar was trading at an average price of 81.98 cents US, down 0.07 of a U.S. cent.Elsewhere in commodities, the December gold contract climbed $1.30 at US$1,329.30 an ounce.The October natural gas contract added one cent to US$3.07 per mmBTU and the December copper contract was down two cents to US$2.96 a pound.Follow @DaveHTO on Twitter.last_img read more

Malaysia exdeputy PM charged with graft money laundering

first_imgKUALA LUMPUR, Malaysia – Malaysia’s former deputy prime minister was charged Friday with abuse of power, corruption and money laundering involving millions of dollars in another graft investigation against leaders ousted in elections earlier this year.Ahmad Zahid Hamidi, who now leads the opposition after his party was defeated in the May general elections, was brought to court a day after he was detained by the anti-graft agency.Zahid pleaded not guilty to 10 counts of criminal breach of trust involving nearly 21 million ringgit ($5 million) in his family-run welfare group, eight counts of abusing power as home minister to receive bribes worth over 21 million ringgit for various projects including the supply of passport chips, and another 27 counts of laundering about 72 million ringgit ($17.3 million).Former Prime Minister Najib Razak, who along with his wife was also charged with graft after the elections, appeared in court to support his former deputy. Zahid took over as president of the United Malays National Organization, or UMNO, after Najib stepped down following their coalition’s defeat for the first time since independence from Britain in 1957.Dozens of UMNO members rallied outside the court complex, slamming the charges as politically motivated. They carried placards accusing the new government of adopting a “rule of the jungle” in an attempt to cripple the party. UMNO was the linchpin of the former ruling alliance, which has since disbanded, but the party still holds about a fifth of parliamentary seats.Zahid, 65, was freed after posting bail. He told supporters that he considered the 45 charges against him as a “test from Allah.” He indicated most of the money was meant for charity such as to build orphanages, mosques and other welfare programs, and that he will clear his name in court.“Whatever the public opinion is, I leave it to Allah to decide. Allah willing, with all the good things I have done with the intention of upholding Allah’s religion, I hope Allah will protect me,” Zahid said. Each of the charges against him carries a prison term of up to 20 years, plus heavy fines.His daughter, Nurulhidayah Ahmad Zahid, has called her father a “target of cruel injustice” under the new government.Two public listed companies implicated in the charges issued denials after prices of their shares plunged Friday.Datasonic Group Berhad said in a statement that neither the company nor any of its directors paid any bribe to Zahid to supply biodata chips for Malaysian passports, adding that it won the contract by offering the best pricing through an open tender.MyEG Services Sendirian Berhad said separately it has no knowledge of the person and company that allegedly paid Zahid millions in bribes to secure projects from MyEG, a provider of online government services. It said it was not privy to their alleged dealings with Zahid. Trading of MyEG shares were halted Friday afternoon on the company’s request.The charges against Zahid are not related to the multibillion-dollar looting of the 1MDB state investment fund that led to his coalition’s shocking loss.Najib and his wife, Rosmah Mansor, were charged earlier with multiple counts of corruption and money laundering linked to the 1MDB scandal. The fund, set up by Najib, is being investigated in the U.S. and several other countries. They have both denied any wrongdoing and Najib’s trial is to start next year.last_img read more