 and 20 in the Bill dealt adequately with this issue and that section 77 (2e) made provision for the protection of recreational fisheries. They went on to comment on the pressure being placed on the Department to get the Bill passed so that it can be implemented as soon as possible.
At this point Mr Bhengu expressed his disappointment at the Department's request to speed up the process of passing the Bill, as it differed from their viewpoint at the previous meeting, where they had accepted that there were deficiencies in the Bill. Mr Bhengu said that he was expecting the Department to come up with some amendments of their own in order to assist the process and that he was disappointed in their response to the issue.
Mr de Wet commented that he was not convinced by the Department in the way that they had side-stepped the issue of amending section 24 of the Bill. He then went on to ask where in the Bill is the Minister entitled to reduce the fishing season to protect the resource. He was referred (by the Department) to section 16 which deals with emergency measures which can be taken.
Mr Gous (Free State - Freedom Front) then asked the Department to clearly state that they believed the bill to be sound and without deficiencies. They responded saying that the bill was efficient enough to achieve its aims.
Mr Bhengu expressed his concern that legislation was not clear enough on section 24 and that the reference to other sections by the Department would make the understanding of the Bill by ordinary citizens very difficult. He anticipated that there would be problems if the Bill was passed in its present form. Mr de Wet requested that the Department provide written motivation for leaving section 24 as it is.
The Chairperson (Mr Nogumla - ANC) suggested that another meeting be scheduled so that voting could occur. He said that this would give the provinces time to re-think their positions regarding the Bill so that they could hopefully reach some consensus on what should be done. He suggested that there be inter-provincial discussions so that everyone would understand the positions being taken by the others so that voting could take place and some resolution reached.
The next meeting will be held on Monday 11/05/98.I am back to work today. Today will be my first day back in the office after going under the knife for shoulder surgery. Of course, I will be taking tomorrow off, but that is only to get the stitches out.
Thank you to my great team for working so hard in my absence and JLN coming out without a hitch. You are a great group and I could not be more proud of you.
The calmest markets in six months and the best run of economic data this year spelled trouble for U.S. stocks after a three-day break.
The combination ignited yesterday, with the Standard & Poor’s 500 Index falling more than 1 percent as a benchmark gauge for equity turbulence surged the most since January. The Chicago Board Options Exchange Volatility Index jumped 16 percent to 14.06.
Options traders were caught leaning the wrong way as speculation the Federal Reserve will raise interest rates shook investors returning from Memorial Day. For the VIX, it was only the second move of more than 15 percent all year — compared with four in December alone.
***DA: But in this market, if you don’t like what you see, wait a day. In other words, we made it through the bear market of May 26, 2015.
China’s ongoing efforts to stimulate stock trading and liberalize exchange access has created one of the world’s great trading opportunities.
The Chicago Board Options Exchange announced today the release and publication of a groundbreaking new study: “Highlights of Performance Analysis of Options-Based Equity Mutual Funds, CEFs, and ETFs.” The study analysed SEC-regulated investment companies (mutual funds, exchange traded funds (ETFs) and closed-end funds (CEFs)) that focus on use of exchange-listed options for portfolio management (options-based funds).
Investment returns have always found a natural place in the spotlight. But volatility – and the impact it can have on a portfolio – is only now getting the attention it deserves.
***DA: What about nerdy rock stars?
On 18 May, for the first time an Options trade was registered at the European Energy Exchange (EEX) for clearing at European Commodity Clearing (ECC) via Straight-Through-Processing (STP). The STP service enables transactions concluded or registered at the exchange to be routed to the clearing house automatically without the need for further manual intervention.
Shanghai Stock Exchange, China Financial Futures Exchange and Deutsche Börse today agreed on a strategic cooperation to launch a joint venture to develop and to market financial instruments based on Chinese underlyings to international investors outside mainland China.
The Dubai Gold & Commodities Exchange (DGCX) today announced the signing of a Memorandum of Understanding (MoU) with the Bank of China (BOC). The agreement creates a framework for both institutions to work together to enhance interaction and collaboration between the derivatives and financial markets of the UAE and China.
FENICS, a leading provider of FX options software, announced today that it has renewed and extended its agreement with ORE, a leader in retail-friendly OTC option solutions for web, mobile and MetaTrader4 platforms. Under the terms of the agreement, FENICS will continue to provide ORE with its composite feed for FX options data derived from its premier option pricing, risk management, and lifecycle management software.
Investors’ bearishness about the single currency is becoming more entrenched. The clearest sign is not the euro’s slide back below $1.09 for the first time in nearly a month. After all, its short-term fortunes depend on when US policy rates will rise and events in Greece. Instead, investors’ long-range pessimism is laid bare in the foreign exchange options market.
The American Society of Clinical Oncology’s annual meeting starts Friday, an event that tends to be a big driver for biotech and pharmaceutical stocks.
By the Lufthansa Amateur Radio Club (LARC). QSL via DJ3FK.
Kan, AB2RF. QSL via AB2RF.
Marco, CE6TBN, will be active from Las Huichas Island (SA-046, DICE ICE-705).
A multi-national team of operators will be active from Robinson Crusoe Island, Juan Fernandez (SA-005). QSL via CE3BSQ (for Central and South America), F6AJA (for Europe and Africa) and N2OO (for North America, Japan and others).
Cayo Jutias Isl. (NA-093, ARLHS CUB022) by CO3JN. Qsl only direct via IZ8EBI.
Herm, HB9CRV. Sao Jorge/Rosais lighthouse located on the north coast of Madeira Island (ARLHS MAD-008, WLOTA LH-0053).
South Cook Islands, Raratonga (OC-013) by Olav, LA9VFA.
San Francisco Castle/Las Palmas by the Canary Islands DX Society. QSL via EC8AUA.
Ua Pou Island (OC-027) (Marquesa Islands, FO-023) by Wolfgang (Wulf)/DL1AWI, Matthias (Mat)/DL5XU and Erik/DL9AWI. QSL via DL3APO.
Tom, DL2OBO, is expected to be active from "Chalt Barsüla". Activity will be on 160-10 meters with an emphasis on the lower bands.
Trond, LA9VDA, will once again travel to Svalbard (Spitsbergen Island - IOTA EU-026). This operation will be good for a brand new WLOTA JW-0125 reference number. QSL direct.
Curacao by members of the Caribbean Contesting Consortium (CCC) Joe/W9JUV and Bill/W9VA.
Netherland Antilles (SA-006): by Joe,W9JUV, Jeff,K8ND and Bill,W9VA.
Radio-Noticias magazine reports that a group of operators during their Sadiki Expedition will transmit from different locations from the Sahara, within the territory of the Arab Republic Democratic Saharaui. Activity will be SSB on the following suggested frequncies: 3675, 7085, 14310, 21175 and 28975 kHz.
Ilheu das Rolas (AF-023) by Jose/CT1APE and Filipe/CT2GLO. QSL via CT1APE.
Palau OC-009 by KAZUYOSHI, JH6WDG.
Palau (OC-009) by TAKAYOSHI, JA6CM.
Palau (OC-009) by MIKE, JA6EGL.
Jaluit Atoll (OC-028) by V73VE. QSL via JF1OCQ.
Brunei (IOTA OC-088) by Vladislav, G0KBO. QSL via G0KBO (direct).
Brunei (IOTA OC-088) by Victor, UA6AF. QSL via G0KBO (direct) or UA6AF (bureau).
Brunei (IOTA OC-088) by Yuri, RN6BR. QSL via G0KBO (direct) or RN6BR (bureau).
Peter, NO2R, will be returning to Sihanoukville again. QSL via K2NJ.
Cayman Islands (NA-016) by