Page 34 - Virgin Active News Today

Overview On 12 May 2021, the High Court sanctioned three inter-conditional restructuring plans, under the Part 26A of the Companies Act 2006, for certain English subsidiaries of the Virgin Active group, despite major opposition of certain landlords. 1 In the landmark decision, the High Court exercised its discretion to cram-down multiple classes of dissenting landlords in each plan, compromising their claims. This client alert is relevant to disrupted, stressed, and distressed companies, as wel...

Medical schemes will be able to bulk upload members who have given consent explains Business for South Africa's Martin Kingston.

Discovery has confirmed it plans to open three vaccination centres in KwaZulu-Natal next month.

The latest example comes from Swedish superstore Ikea. Anyone with an old Billy bookcase destined for the scrapheap should cancel their trip to the tip. Ikea will now reclaim old furniture.

News Author: Wiida Fourie-Basson Published: 19/05/2021 Mr David Baker Effendi, an MSc-student in Computer Sciences at Stellenbosch University, has received an Amazon Research Award based on his innovative research in program analysis with applications in bug-finding and cybersecurity. The Amazon Research Awards  include cash and Amazon Web Services (AWS) promotional credits for making use of Amazons cloud computing resources. David says the award will help to cover his tuition fees and living ...

Daily Maverick 168 weekly newspaper. City Power in Joburg was locked out in 2019, and cities all over the world have experienced this form of malicious software (malware) attack. In ransomware attacks, malware encrypts files on a device or network, making the system inoperable. The people behind these types of cyberattacks typically demand a ransom in exchange for the release of data. Security firm Kaspersky found that 42% – nearly half – of the South African ransomware victims paid the fee...

I received this email from Discovery CEO Adrian Gore this morning – one of millions sent to members of South Africa’s largest medical aid fund. It provides an update on the current state of the pandemic and details on a rollout of a vaccine programme which promises to return the country to normalcy. Well written, it is an excellent summary of where we are and what is going to happen next and well worth sharing. So I have. – Alec Hogg  From Adrian Gore, CEO of Discovery:  I am reaching o...

Phase 2 of South Africas vaccination programme kicked off on Monday. Discovery is administering vaccines to those who have received SMSes, from its head office in Sandton. Other future Discovery vaccine sites include Discovery offices, Virgin Active clubs and large venues like Gallagher Estate. Discovery has started administering vaccines from its head office in Sandton, as part of Phase 2 of South Africas vaccination programme. Phase 2 targets those aged over 60.  Speaking to Fin24 on Monday,...

LandlordZONE International gym operator Virgin Active has won court appeal to have it’s recovery plan implemented against strong opposition from landlords, writes Tom Entwistle. A London court has ruled in a commercial tenant’s favour allowing it to write off some of its rent arrears on the majority of its venues. Despite strong opposition from its creditors, Virgin Active will now avoid future steep rent payments. The Virgin branded gym operator has welcomed the court’s decision for i...

Discovery Health has shared information regarding their vaccination sites for South Africans.