South Africa's Steinhoff considers

Exclusive: South Africa's Steinhoff considers sale of PSG, KAP stakes to lift liquidity -sources
JOHANNESBURG/ FRANKFURT (Reuters) - South Africa’s Steinhoff (SNHG.DE) is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter said.
FILE PHOTO: A Poundland employee checks products in a store in London, Britain November 10, 2015. REUTERS/Stefan Wermuth/File Photo
Steinhoff (SHFFp.J), the owner of more than 40 retail brands including Conforama, Mattress Firm and Poundland, is fighting for survival after more than $14 billion was wiped off its market value last week following its disclosure of accounting irregularities and the exit of its chief executive.
The company has said it planned to raise around 2 billion euros ($2 billion) from the sale of non-core assets and the proceeds of debt repayments from its African unit Steinhoff Africa Retail (SRRJ.J), to fill a hole in its balance sheet.
“It cannot get any more non-core than their stake in PSG,” a source in Johannesburg said. “It is on the table and so is the stake in KAP.”
The likely sale of the stakes was corroborated by a second source based in Frankfurt, who said they were first on the list of possible divestitures to plug funding holes.
Steinhoff owns about 25 percent of PSG, a 60 billion rand ($4.40 billion) investment holding company, and 39 percent, or of diversified industrial group KAP Industrial (KAPJ.J), which is worth around 6.1 billion rand at current market prices.
Steinhoff, KAP Industrial and PSG Group declined to comment.
The Johannesburg source, who declined to be named because he is not authorized to speak to the media, also said the stakes would most likely be sold in chunks via a so-called accelerated book build to institutional investors.
Steinhoff said on Sunday it had called in turnaround specialist AlixPartners to help shore up its liquidity. It also hired U.S investment bank Moles & Co to help it prepare for a delayed meeting with lenders in London next week.
Additional reporting by TJ Strydom in Johannesburg; Editing by James Macharia and Alexander Smith
Our Standards:The Thomson Reuters Trust Principles.

new tax cuts exceeded

Our newspaper Beijing on March 30 (reporter Wu Qiu yu) 30, the state administration of taxation, held in Beijing "optimize the tax business environment, power quality and economic development" theme forums, invite business on behalf of the tax reform, conspiracy future tax power enterprise development policy, and thus opened the prelude to a national tax awareness month twenty-seven. Party secretary, director of the state administration of taxation, wang jun said at the meeting, the party since the 18th, the tax authorities insist on real implementation of the preferential tax policy, new tax cuts for 2017 alone more than 380 billion yuan. Settle the payment of credit card debt  by CCB(Asia)'s personal loans with low interest rate and flexible repayment tenor. Clear all your card debts and achieve greater financial flexibility by applying our service now! This year the government work report and the state council executive meeting on March 28, put forward a series of tax cuts down the negative measures, focusing on the real economy, advanced manufacturing and modern service industries, small micro enterprises, fair treatment, such as the VAT rate of 17% and 11% were lowered by 1%, is expected to the reform can achieve tax 240 billion yuan.
The professional accounting and audit services from easyCorp helps to prepare profit tax return, validate tax balance sheet accounts and facilitate your business with other tax-related advisory support. According to the introduction, the tax data reflects the steady state of economic stability in our country. VAT invoice data show, this year the economic development of our country got off to a good start, 1-2 months, with high technology and new kinetic energy equipment manufacturing industry sales growth of 12.3%, higher than 4.7% in December last year; The growth rate of the new kinetic energy service industry was 50.1%, up from 22.7 percentage points in December last year, which reflected the good momentum of the transformation of enterprises. The contribution of the private sector has been steadily improved, with the coordinated development of consumption, investment and export, and the release of economic vitality, momentum and potential. This is the result of the continuous improvement of supply-side structural reform, and the result of the efforts of enterprises to expand and contribute positively.
Symposium, China telecom, SOHO China, haier, hkust xunfei (002230), huajian, pig eight quit network, suitable abundant international holdings (002352), Melinda renewable energy, deloitte China, PWC companies such as head of tax reform, to carry out the preferential tax policies, puts forward the opinion suggestion to enhance the level of collection and management services. The general administration of taxation said that it would review one article, carefully study it and respond to it as soon as possible, and as a point of improvement in the tax work Immuno Oncology Symposium . People's Daily

Has there been a problem? Most definitely

Johnson promises 'control' on uni pay Image caption University senior pay will be put under tougher scrutiny by new regulations
Universities Minister Jo Johnson says that excessive pay for university bosses will be brought "under control" by new regulations, which he told the BBC would appear in the new year.
Mr Johnson said he was "absolutely convinced" a new regulator, the Office for Students, will tackle pay concerns.
The minister promised "greater restraint... in setting top salaries".
It comes after protests over the former head of Bath Spa University receiving more than ?800,000 in her final year.
The pharmaceutical wholesale distributors provide detailed information of products for reliable usage. 'Has there been a problem? Most definitely'
Mr Johnson's comments follow a series of protests over vice-chancellors' pay in recent weeks - including at the University of Bath, the University of Southampton and this week at Bath Spa.
"Has there been a problem? Most definitely," said Mr Johnson. But he said universities now recognised the need to answer public concerns about value for money.
"I think they really are starting to get it," said the universities minister, who said that a "new regulatory framework" would be published by the government in the new year.
Image copyright Getty Images Image caption Jo Johnson says universities have to address value for money for students
Mr Johnson said the Office for Students would require universities to ensure their "governance is fit for purpose".
Universities are autonomous institutions, but the minister said there needed to be an understanding of the "perception of value for money" from the public.
In the new year, this would mean rules requiring much clearer evidence of the independence of committees deciding vice-chancellors' pay.
'Major review'
Universities will also have to explain the pay gap between top earners and the rest of their staff.
"When students are paying for their own tuition fees, there is a greater expectation of greater accountability to students, but also to the taxpayer, who is underwriting the student loan book," said Mr Johnson.
"Value for money is at the heart of why we set up the Office for Students," he said.
But he said he was "concerned that the proportion of students in England who feel they are not getting value for money is greater than those who feel they are getting good value for money".
The universities minister said that details of the "major review" of tuition fees and university funding - promised by Prime Minister Theresa May - would also appear in the "coming weeks".
But Mr Johnson has defended the structure of the current system as ensuring that more disadvantaged students can go into higher education and that universities are better funded.
In the dispute over pay at Bath Spa University, there have been calls by the UCU lecturers' union for an "urgent overhaul" of senior university pay.
Accounts for Bath Spa University show Prof Christina Slade was paid ?429,000 "for loss of office" on top of her ?250,000 salary and other benefits.
A spokeswoman for Bath Spa said the sum represented "value for money". Collaboration with Asia's Top Universities - PolyU fosters long-term partnership in academic and research collaboration with top universities in asia. Most of them are the top 10 Chinese universities and top ten universities in Asia.

reasons why skin care should not be mixed

Everyone goes to different environments throughout their lives. Completely closed room, the dust fly long distances on a business trip, when working against ultraviolet light interference, leisure, etc., different environment will bring different effects on the skin. Also, because of the skin to constantly adapt to the new environment, so it is easy to appear fatigue, and aging. Of course, you don't have to take a whole bunch of different skincare products to deal with these different environments. You just need to master your skincare skills, and you can keep your skin at your best regardless of the environment. Recently, the United States several authoritative skin experts told several assumptions life scenes of skin care essentials, to help you create the survival state of the abuse of the best, hope you can get enlightenment, healthy, beautiful skin Dream beauty pro .

Scene one: working hours
Because the chemicals in the paper will dry out the skin, put some moisturizer on the table and use it every day.
You also need sunscreen in the office. Office of glass will not filter UVA rays (UVA), and it is main cause of the spots (like office jade-like stone light will also accelerate the ageing of the skin, because it will produce A small amount of UVA rays.
Scene 2: the traffic jam
You're driving your family to the suburbs on a summer day, but you're stuck in a traffic jam Dream beauty pro.

Remember to prevent sunscreen. Cover your face, neck, forearm, hands, especially the UVA rays that come in through the window.
Open the window, even a small slit to ensure the air flow in the car.
Scene 3: court

I hope we can have a good exercise on the court.
Dermatology experts have been warning us, too much sun is harmful to the body, especially the UVA (UVA and UVB rays (uv-b) radiation. UVA can let the skin loses elasticity, UVB can let the skin burns. And then it turns red, which is what we usually say about sunburn.
Stay away from the sun, put on a visor, and put on a T-shirt. Rest in the shade or in the car at leisure Dream beauty pro hard sell .
Outdoor sports are easy to cause skin cancer, some obviously exposed parts, such as legs, arms, shoulders and face should be coated with at least SPF (sun protection factor) 30 or higher multiples of sunscreen, but don't forget to ear, the neck and hair, spray sunscreen is a good choice.
Wear sunscreen gloves if possible. Usually, the skin of the back of the hand is aging faster than the face, just because we focus on the face of the sun and ignore the sun protection of the opponent.
Scene 4: the plane
Make sure you get plenty of sleep before you fly, and stay away from drinks that speed up your skin, such as tea, coffee, and cola.
The moisture on the plane is only half as high as the ground, and after a few hours of flying, the skin can become dry, yellow and lifeless. So, not only do you need to moisturize during the flight, but you'll need to use some moisturizing products before and after you get on the plane.
The average person is used to drinking a glass of wine on a long flight. It is a very comfortable thing to do, and it can relieve the loneliness of the journey. But alcohol accelerates the drying of the skin. Of course, drinking lots of water instead of alcohol is the most basic way to cope with dry skin.
Wash your hands frequently. For aircraft cabin air is circulating, so is the flu viruses such as breeding ground, in order to prevent all kinds of bacterium infection during the flight, wash their hands and rub hand cream is a good solution.
After a long flight, people look haggard, so you can bring your skin care to your side and decorate the plane's bathroom with a tired face Dream beauty pro hard sell.

the essence of the essence is to make the skin overnight

In many people's impression, sleep mask is a typical "lazy person's maintenance product", wash the face directly to be done. In fact, some people feel that the sleep mask doesn't work as well, and that's probably the problem. To know, before using sleeping mask, usually need to use makeup water to undertake secondary cleanness and help skin to open the absorption channel, let the following facial mask composition better absorb. If your skin feels tired recently or is too dry, apply a layer of essence before applying the mask, and you can double your skin care with 1+1> 2. But want to remind is, because the sleep mask is rich in nutrients, so it is unfavorable to essence as the essential part of the mask before, otherwise too frequently a large number of supplements can also backfire. And the use frequency of the sleeping mask is also best to maintain 1~2 times per week.
Note 3: film effect is better clinique fresh pressed
The thicker the sleep mask, the more it doesn't absorb. To know, skin absorption ability is limited, if daub too thick, may affect skin to breathe, can breed other skin condition thereby. Might as well first apply the amount of face cream that USES face first on the face first spread out, undertake massage until all absorb; Then put a thin layer on your face and then massage it. You can also in besmear after good mask will wrap to cover above (convenient to set aside the nose and mouth breathing), in order to promote skin microcirculation, promote efficiency of face film, tear film after about 15 minutes, you can go to bed.
Nourishing the skin at night
Aiming at the condition of the skin's water shortage at night, it is a good time to hydrate, nourish and nourish the skin. (yuewood source water nourishing night intensive nourishing mask)
Luxury SPA all night long
The exclusive active ingredient may vanilla pod PFA with soothing compound helps the skin release the pressure, the cream texture, the skin brings SPA all night enjoyable enjoyment. ($2020/50ml)
The whitening muscles are waking up at the same time as you clinique fresh pressed
The unique rice germ extraction soothes the damaged skin and sends the whitening energy to the base of the muscle. With gamma-glutamol, nicotinamide and other whitening ingredients, you will be able to refresh your skin in your sleep. The next morning, you will wake up with the white muscle. (dream makeup and white moisturizing mask)
Deep base whitening repair
It contains a full bottle of perspective-relieving factor, layer upon layer of deep skin, continuously release a large amount of moisture, and the intensive repair of day whitening damage. The specially added Aroma of Aroma White is more effective and soothing to the skin, so that the body and mind can be completely relaxed at night. (OLAY intensive repair water film, RMB 160/130g)
A new life in your sleep
Special moisturizing and moisturizing anti-aging formula, moisturizing and nourishing the moisturizing and moisturizing skin, the skin will be refreshed and refreshed in the morning, and the skin will become firmer, smooth and tender. (Mary kay dream of rebirth) dermes
24 hours white doesn't close
As high as 5% of the active purified vitamin C, the skin will be in intensive care during the night repair period. 24 hours whitening, night after night, the skin will be fair and fair. (yuxi white linglong, pure and bright face mask)
Night you can drink
Jelly gel texture, purifying turbidity small soft beads to sweep the tired and dull; The natural algal extract containing rich nutrients penetrates deep and continues to hydrate. The next day, I woke up, and my skin was radiant and radiant. (the night intensive moisturizing mask for the facial oasis of water and cheese Australia)
Seize the night gold repair period
It contains multiple components such as the repair water of the ide, the skin regeneration peptide and the hyaluronic acid, which will instantly moisturize the skin and prevent fine lines during the night.

Teaching in a prison: 'Education has the best chance of turning lives around

I’ve been a teacher at Feltham prison – an institution for young male offenders – for two years now. I work with 15 to 18-year-olds, but only a few of them stay with us throughout those years. The average sentence served here is about four months, so the group changes frequently With the success of PolyU postgraduate and otheruniversity courses, we are confident to keep realising our motto and fulfil our goal to nurture students as critical thinkers, effective communicators, innovative problem solvers, lifelong learners and ethical leaders. .

The actual crimes committed vary; it could be anything from shoplifting, theft or graffiti up to rape and murder. A lot of people ask me why I do my job – and say that the boys don’t deserve an education because they’ve committed crimes. But as I see it, if you’re in prison at 15 you can’t be solely to blame. These boys have been failed somewhere along the line. I believe education has the best chance of turning these young lives around, preventing more crimes being committed on release, and enabling offenders to become valuable members of the community.
The graduates training as prison officers: 'People think we just turn keys and shout orders'
Read more
Most of the boys have had negative experiences in school, too, so it’s a massive challenge to engage them in an education environment they haven’t chosen for themselves. Many are either on academic or vocational pathways. We can’t enrol pupils on a GCSE programme because we’re not going to have them for the whole of the academic year – but if they’re part way through a qualification when they enter prison, we can take over the teaching. Last year a boy took 19 GCSE exams while he was at Feltham.
Some teachers move between prisons, but I’m at Feltham all day, every day. The boys in my class are quite often vulnerable, or need a quieter environment because of their learning difficulties or disabilities – having the same teacher and learning environment works better for them.
All classes have a maximum of eight pupils, so each boy is getting more attention than they would have had in school. We’re contracted to teach them for 30 hours a week – more than the average full-time course in a college, although sometimes the boys get called out of class for legal or social visits.
A lovely part of the job is when boys get in touch to say they’re back at college or in a job
I’ve never felt that I was at risk or I wasn’t safe. The prison staff are fantastic; I know that if I have an issue within my class the officers are going to be there in an instant. Working with some of our low-level learners – some of whom haven’t been in education since primary school – can be challenging, though. I’ve had to teach 16-year-old boys how to write their own name.
The restrictions with technology and resources are also tough. We don’t have internet access and can’t use USB sticks. We’re not allowed scissors or even pencils with a metal top. We have interactive whiteboards, but we can’t use PowerPoint presentations on them because they’re not linked to a computer. I enjoy it, though, because you have to be adaptable and find ways to make the lessons interesting with the resources you have HKUE lihkg .

A highlight for me is when we get to meet the parents during legal visits. I’ve had mums thank me for looking after their son when they can’t. It also gives you a boost when you’re working with a boy and you see the penny drop – when they have that realisation that they can do it. It’s not just about the English and maths, but helping them find some self-worth; that’s what makes it all worthwhile.
Secret Teacher: funding cuts leave us unable to help SEN children at school
Read more

Last year, I won an Outstanding Teacher Award from the Prisoners’ Education Trust, and the nominations came from the learners – it was humbling to know they’d taken the time to write a letter. Another lovely part of the job is when boys get in touch to say they’re back at college or in a job. We’ve got one boy who’s got a full-time job in Lidl, one who’s working for a music production company and a lot of boys who have gone into full-time education. For them to take something positive from such a negative experience is really important. That’s why I do it.
Follow us on Twitter via @GuardianTeach, like us on Facebook, and join the Guardian HKUE lihkg
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How well is your luggage really treated at an airport

How well is your luggage really treated at an airport? A peek behind the scenes
It's always unnerving, that moment we wave our luggage goodbye at check-in and watch it roll down the conveyor belt and into the great unknown.
That suitcase does, after all, contain all our favourite, carefully-curated and most essential worldly goods. Well rest assured, there's a very slim chance it will come to harm - at least not on purpose.
One former baggage handler has offered a comprehensive account of what goes on between the time you fly from A to B, and offered insights into how you can best protect your belongings while they're not under your care.
Toronto-based aviation worker Manpreet Singh, writing on question-answer forum Quora, revealed the following nuggets.
It's really hard for airport staff to steal Looking at hong kong hotel list and promotion? GuangDong Hotel always provides different specials for our guests. We provides fully furnished rooms with various in-room facilities and amenities.

"For someone to steal from your luggage is quite rare these days but it does happen," he states, adding that plenty of CCTV cameras are postitioned in baggage processing units and even some aircraft cargo holds, thus "eliminating temptation".
If they do, they will get caught
"Ground handling companies keep close watch on their employees and if they notice that theft is reported on a certain employee's shift frequently, an undercover investigation is launched," he writes. "Majority of the times the thief is caught and prosecuted."
No, you don't need a knife-resistant case
"I have no idea why the first guy said to buy a knife resistant suitcase," Singh muses. "If you aren't allowed to bring a knife into the terminal, why the hell would they allow us to have one?" Fair point. Airport staff undergo the same screening processes as passengers, he points out.
And if an employee were to be caught with a knife? "You lose your security clearance and you also lose your job. Baggage handlers know this so they don't do such stupid things."
All that said, luggage does get damaged on ocassion and that's because of the robust system of transporting it. It's also down to human error, more specifically yours.
Top causes for damage to luggage
Overpacking is perilous, according to Singh, who says he saw at least one bulging case burst open on a daily basis because of this. "Just because your suitcase barely closes, doesn't mean it's going to hold," he remarks. He also points to luggage with loose threads that get tangled in machinery.
"I've seen suitcases get torn to shreds and people's things scattered all over belts in the past. If you're still using your grandpa's suitcase from the 70s, you're just asking for it clinique vitamin c."

Beware the airport 'punching arm'
At all major airports, there's a solid metal arm which knocks bags onto the right laterals during transport.

"It's meant to push things that weigh up to 100 pounds, so if you had [a bottle of] wine not secured properly in your bag, it's going to end up all over your clothes," Singh warns. The arm is also a bad business, again, for overpacked bags.
Yes, your bags will be thrown

"Unless you're flying wide body, chances are your luggage is being thrown around underneath your seat," Singh states.
"From the aft cargo door to the end of the pit of a 737–800 is roughly 25–30 feet. That bag being unloaded needs to be thrown from the back, to the door."
Conclusion? Chances are your luggage will take a battering as it makes its way through an airport, but it's unlikely to be tampered with on purpose. And according to Singh, everyone in this day and age should upgrade from soft suitcases: "Hard cover is the one and only way to go clinique fresh pressed .