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Thyssenkrupp wants less than 50% of Tata steel JV – Handelsblatt

3rd July 2017 German industrial group Thyssenkrupp aims to hold less than half of a steel joint venture it wants to set up with Tata Steel so it can deconsolidate the business from its balance sheet, Handelsblatt reported, citing a company source. Thyssenkrupp and Tata have been in discussions since last year... 

Forging market for automotive application to be valued at $56-billion by 2022

10th March 2017 Market research company Zion Market Research has published a new report highlighting that the global steel forging market for automotive applications was valued at $41.77-billion in 2016 and is expected to reach $56-billion in 2022, growing at a compound annual growth rate (CAGR) of 5.1% between... 

Medupi power station project, South Africa

18th November 2016 SNC-Lavalin has been awarded the inspections work of Unit 6 at the Medupi power station. 

Chinese auto group becomes prime sponsor of Bloodhound land speed record

7th October 2016 The Bloodhound project has announced a three-year agreement with the Zhejiang Geely Holding Group (ZGH) as its prime sponsor and official automotive partner. The Chinese automotive group – the owner of the Volvo Car Group – will provide technical, as well as financial support to the British... 
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Compensation for taxi drivers affected by Joburg's next BRT phase

Compensation will be paid to minibus taxi operators affected by the next phase of the Rea Vaya Bus Rapid Transit (BRT) system, the City of Johannesburg said on Monday. Owners who will have their vehicles scrapped to make way for the R2.2-billion Phase 1C BRT project, will share more than... 

Cape Town warns residents after water consumption rockets

The City of Cape Town has warned residents to reduce water consumption immediately or face disaster, this after daily water usage rocketed to to well above the target of 500-million litres per day. The City said that recent rains did not mean that life could go back to normal. 
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