The group intends to pay £320 million to take a stake of almost 92 percent of Sunseeker International. The company is perhaps most famous for providing a number of yachts that have been used in the James Bond movie series.

The other part of Wanda’s first move into the luxury market will involve it making a £700 million investment in the development of a five-star London hotel. These deals follow in the footsteps of the group’s decision to purchase the US cinema chain AMC Entertainment last year.

Since it was established in 1985, Australian Satellite Communications (ASC) has provided a wide range of satellite communications solutions throughout Australia and surrounding regions, building up a reputation along the way as being the leading provider of reliable, turnkey satellite communications solutions, focusing on the mining, oil & gas, construction, education, defence, and maritime, industries.

I once worked on a project on which, during interviews, both parties to a large supplier-distributor business relationship described the other as a “blood-sucking weasel”. This was an extreme case, but most firms involved in business relationships probably can cite an example of an important relationship that was constantly under strain. William Blake, the English poet and painter, has been quoted as saying “He hasn’t an enemy in the world – but all his friends hate him”.

The event, which falls several weeks ahead of the 25th anniversary of the Piper Alpha oil rig disaster than resulted in the death of 167 men, is designed to further encourage people working offshore to think about the lessons that have been learnt since the tragedy.

The keynote speaker is Lord Cullen, whose report into the tragedy led to major safety changes.

This past Friday 14 June, Mr Motlanthe presided over a special mining task team consisting of labour, government and mining company representatives. Together the team have put together a ten page draft agreement to reposition South Africa’s mining industry in order to make it more attractive to investors and enable the sector to contribute further to social and economic development.

Having received route approvals from the relevant governments under Bilateral Air Services Agreements (BASAs), the company, backed by Easyjet founder Stelios Haji-Ioannou, will soon fly to South Africa, Zambia and Rwanda.

Unveiled this week at the TEDGlobal conference in Edinburgh, the BRCK device is the brainchild of the Kenyan tech firm Ushahidi. Combining a rugged design with a range of connectivity options, switching between wi-fi, 3G and fixed broadband, BRCK came about as a result of a strong desire to move away from hardware that was never designed to cope with the specific issues faced in Africa.

Ever since it was first established in March of 1971 by Frank Pyott and Roger Boone, PBE’s (Pyott-Boone Electronics as it was previously known) mission has been to design and build reliable, high tech equipment to improve mine safety and productivity.