Newsletter No.29 04 August 2017
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2018 PPC Imaginarium Awards open for entries
The fourth edition of the PPC Imaginarium Awards has officially opened for entries. South Africa’s emerging creatives are encouraged to enter the art and design competition which offers R500,000 in prizes.
The winner of each of the six categories will receive a cash prize of R50,000, with runners-up walking away with R15,000 each. The overall winner will receive the grand prize of R100,000 – that’s in addition to having won their respective category prize.
The PPC Imaginarium Awards were established by PPC as a means to give emerging designers and artists the opportunity to showcase their talent and creative thinking by using Portland cement-based concrete as a primary base or material across the competition’s six disciplines, namely Architecture, Fashion, Film, Industrial Design, Jewellery and Sculpture.
The awards is open to South African citizens, resident holders as well as foreign students with study permits, who are not professionally established in their respective fields. Artists and designers may enter multiple categories, with an original artwork for each category, and may enter over again if they entered in previous years. Entry registrations must be submitted online via the official website, www.ppcimaginarium.co.za.
Film entries close on Tuesday, 31 October 2017. Entries for the Sculpture, Industrial Design, Fashion and Jewellery categories close on Friday, 1 December 2017, and Architecture entries close on Friday, 22 December 2017. National judging and the 2018 winners announcement will take place in April 2018. The winner and runner-up in the Architecture category will be announced in May 2018.
For information on each category and to find out more about the competition, go to www.ppcimaginarium.co.za and click on the ‘categories’ tab.
TFG raises R2.5bn through new share issue
Retailer TFG said on Tuesday it had raised R2.5bn through an accelerated bookbuild process. The funds raised will go towards the recent acquisition of Australia-based Retail Apparel Group (RAG).
TFG is the latest South African retail group to enter the Australian market, following in the footsteps of Woolworths, which has a significant presence there after acquiring David Jones a few years ago.
RAG operates 400 stores trading under five brands: Tarocash, yd, Connor, Johnny Bigg and Rockwear.
TFG will issue 17,241,380 ordinary shares to qualifying investors at R145 per share, which represents a 0.9% premium to the 30-day volume-weighted average price of R143.68 as at 31 July.
The total value of the RAG deal is about R3bn.
Did you know………
– During World War II, there was a scarcity of nylon pantyhose, as nylon was exclusively used for parachutes. So, women painted their legs with a solution including instant gravy powder and drew a line down the back of their legs with eye make-up to recreate the look of stockings!
– During 15th century, designers used little dolls instead of females as models to showcase their creations to the clients.
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