This past weekend North Beach looked like a theme-park, literally overrun by tourists, and kitsch was king, he wrote. As a result, approximately 800 jobs were retained and the South African cinema industry has been given a much needed boost. Then and now, North Beach is often dismissed as a tourist trapa knock-off Little Italyand at that point in time, Ferlinghetti feared that this negative reputation would subsume his beloved artist colony. Through the closure of the transaction towards the end of 2022, and as a result of the investors’ participation in the restructure, Ster Kinekor was able to successfully exit business rescue. Ster Kinekor is South Africa’s biggest cinema chain and due to the ramifications of COVID-19, the business was left in financial distress in 2021. The investors acquired 100% of Ster Kinekor’s shares and provided debt financing to implement the business rescue plan. The winner will be announced at the DealMakers Annual Gala Awards on 21 February 2023. This transaction has been shortlisted for the Dealmakers ‘Business Rescue Transaction of the Year 2022’. White & Case is proud to have represented Blantyre Capital Limited (a UK based asset manager) and Greenpoint Capital (a South African specialist private credit investment manager) as the investors and debt providers in the successful business rescue of Ster Kinekor Proprietary Limited. Russian President Vladimir Putin signed a variety of laws on February 17 to integrate occupied territories into Russian legal, economic, and administrative structures. The United Kingdom Ministry of Defense (UK MoD) reported that Russian forces have likely suffered up to 200,000 casualties since the start of Russia’s invasion of Ukraine. Russian and Ukrainian military activity near Nova Kakhovka, Kherson Oblast indicates that Russian forces are likely deployed to positions close bank of the Dnipro River. Russian forces continued ground attacks around Bakhmut, in the Donetsk City-Avdiivka area, and in western Donetsk Oblast. Russian forces continued offensive operations along the Svatove-Kreminna line. Wagner Group financier Yevgeny Prigozhin appears to be mounting an informational counteroffensive against the conventional Russian military establishment. The Russian Ministry of Defense (MoD) confirmed the names of the four military district commanders, finalizing a complete turnover of the Russian military’s initial command since the start of the invasion of Ukraine. The Kremlin’s gains in Belarus underscore that Putin’s imperialistic ambitions transcend Ukraine and that containing the Russian threat requires the West’s sustained attention. Belarussian President Alexander Lukashenko also confirmed that Belarus has implemented more Union State integration programs - marking progress in the Kremlin’s decades-long pressure campaign to formalize the Russian-Belarusian Union State.
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Read tonight's full report: isw.pub/UkrWar021723 NEW: The Kremlin will likely subsume elements of Belarus’ defense industrial base (DIB) as part of Moscow’s larger effort to reequip the Russian military to support a protracted war against Ukraine.
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