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4Sight to establish JV in China

By: Anine Kilian     16th April 2018 JSE-listed 4Sight Holdings has signed an agreement with Chinese company Shenzhen Rongmei Science and Technology (RM) to establish a 50:50 joint venture (JV) in China. 4Sight said in a statement on Monday that it aims to expand its business operations, opportunities and customer footprint in the... 

Continued growth for tool manufacturer

     6th April 2018 This year, tool and equipment manufacturer the Hilti Group intends to maintain its growth momentum following last year’s growth of CHF 5.1-billion throughout all of its business regions. The company explains that year-on-year the company’s sales are up by 10.8%, and 9.6% in local currencies. 

Omnia acquires Oro Agri for $100m

By: Simone Liedtke     1st March 2018 Chemical manufacturing company Omnia Group has agreed to acquire 100% of the ordinary shares of Oro Agri SEZC and 52% of the ordinary shares of Oro Agri South Africa (SA), which is not already owned by Oro Agro SEZC, for $100-million. Omnia will fund the transaction through existing available... 

AECI mining division reports improved operating profit

By: Megan van Wyngaardt     27th February 2018 Explosives and specialty chemicals group AECI's mining solutions segment's revenue declined by 2.2% to R9.7-billion in the year ended December 31, owing to lower ammonia prices and a stronger rand against the dollar - more than 50% of revenue in this segment is dollar based. Profit from... 

Cliffs delivers second consecutive year of +25% Ebitda growth

By: Henry Lazenby     25th January 2018 US iron-ore company Cleveland-Cliffs has delivered on promises to aggressively drive up growth in its earnings before interest, tax, depreciation and amortisation (Ebitda) metric, reporting growth greater than 25% for the second consecutive year. Based in Cleveland, Ohio, the company reported... 

Positive growth for filtration industry leading to 2022

     1st December 2017 The portable filtration systems market is expected to grow from an estimated $512.6-million in 2017 to $621.4-million by 2022, registering a compound yearly growth rate of 3.93 in this time. Market research company Markets and Markets explains that stringent government regulations, growth in... 

Gold miners shifting focus back to growth

By: Megan van Wyngaardt     22nd November 2017 While global gold miners will gradually shift their focus from financial austerity to growth through acquisitions and increased spending, miners operating in sub-Saharan Africa (SSA) will face elevated costs owing to regulatory uncertainty, power shortages and labour unrest, according to... 

Cartrack reaches subscriber milestone

By: Megan van Wyngaardt     15th November 2017 Fleet management, stolen vehicle recovery and insurance telematics services provider Cartrack has reached 700 000 active subscribers, it said on Wednesday. The JSE-listed company attributed the robust subscriber growth to its dedicated workforce focusing on consistent customer engagement and the... 

Fluor successfully completes project at Letlhakane Mine in Botswana

     1st November 2017 Fluor has successfully completed the construction of Debswana’s Letlhakane Mine Tailings Resource Treatment Plant (LMTRTP), situated near Francistown in central Botswana. The modular plant, which was designed by Fluor, is currently being commissioned. The new 3.6 million tonne per annum modular... 

Cleveland-Cliffs lifts Q3 earnings as US ops shine, Asian segment struggles

By: Henry Lazenby     23rd October 2017 US iron-ore producer Cleveland-Cliffs has reported strong third-quarter results for the three months ended September 30, beating analyst forecasts for earnings per share. The Cleveland, Ohio-based company reported adjusted net earnings, which typically excludes special items, of $0.36 a share,... 

Good growth, new products, from local defence company

By: Keith Campbell     5th September 2017 South African private-sector defence company Rheinmetall Defence Munition (RDM) is enjoying strong growth in its business, which is dominated by exports. “Things are going exceptionally good for RDM,” company CEO Norbert Schulze told Engineering News Online. “Since 2016, we have been growing at... 

Companies must work harder at creating an environment for women leaders to rise to the top

     7th August 2017 As South Africa celebrates Women’s month in August this year, the importance of gender equality is arguably more prominent on the corporate agenda today than it has ever been, yet this does not seem to have made a meaningful difference in the growth of female leadership in South Africa, or in the... 

Junior makes board changes as it pursues European cobalt market

By: Creamer Media Reporter      26th July 2017 Australian junior Riedel Resources has made two key board appointments, which the company says will help drive its new direction of securing and developing cobalt and tech-energy metals opportunities in European lithium-ion markets. The ASX-listed firm appointed former Alcoa Europe projects... 

Political uncertainty leads to drop in M&A deals in Africa in Q2

By: Natasha Odendaal     25th July 2017 Inbound merger and acquisition (M&A) deals in Africa plunged 48% from 33 in the second quarter of 2016, and 45% from 31 in the first quarter of this year, to just 17 in the second quarter of this year. The total deal value for inbound deals decreased to $780-million – an 83% year-on-year and an... 

Advanced tech key to unlocking future competitiveness

By: Nica Schreuder     23rd June 2017 According to the Deloitte 2016 Global Manufacturing Competitiveness Index, CEOs globally believe that advanced manufacturing technologies are key to unlocking future competitiveness. “As the digital and physical worlds converge within manufacturing, executives indicate the path to manufacturing... 

Datatec sells Westcon to US-based Synnex in $830m deal

By: Natasha Odendaal     6th June 2017 Dual-listed Datatec has sold 100% of its technology distribution division Westcon-Comstor North America and Latin America operations and 10% of Westcon International to NYSE-listed Synnex for $800-million and $30-million respectively. The aggregate $830-million consideration comprises payment of... 

Cartrack shows strong subscriber growth, battles weak rand, African market

By: Irma Venter     17th May 2017 JSE-listed fleet management, insurance telematics and stolen vehicle recovery service provider Cartrack, has grown its subscriber base by 19%, to more than 600 000 subscribers over five continents, in the financial year ended February 28, compared with the previous financial year, says CEO Zak... 

Mastercard tests new biometric cards in South Africa

By: Megan van Wyngaardt     20th April 2017 South Africa is the first market to test payment technology provider Mastercard’s next-generation biometric card, which combines chip technology with fingerprints to conveniently and safely store a cardholder’s identity for in-store purchases. Two separate trials with retailer Pick ‘n Pay and... 

Baker McKenzie launches app to assist in case of antitrust dawn raids

By: Natasha Odendaal     13th April 2017 An application (app) that assists clients in navigating the coordinated dawn raids undertaken by competition authorities has been expanded to accommodate 44 countries, including South Africa. Multinational law firm Baker McKenzie’s Dawn Raid app delivers real-time step-by-step guidance on the... 

MCA calls for Australia’s pursuit of trade liberalisation

By: Esmarie Swanepoel     28th March 2017 The Minerals Council of Australia (MCA) has proposed a number of measures to boost Australia’s international engagement in its submission to the federal government’s Foreign Policy White Paper, calling on the government to pursue further trade liberalisation, maintain an open foreign investment... 

Glycol ether market worth $10-billion by 2024

     10th March 2017 A market research report titled ‘Glycol Ether Market: Global Industry Analysis and Forecast, 2016–2024’ compiled by American market research company Persistence Market Research (PMR) concluded that the glycol ether market, currently worth about $6-billion, is expected to exceed a value of about... 

Africa’s Biggest Coatings Show Entrusted To Major Global Expo Organisers

     9th March 2017 Leading international exhibitions organisers, dmg events - Middle East, Asia & Africa, will in June next year stage Coatings for Africa 2018, the largest event for its industry on the continent. Coatings for Africa – the longest-running coatings event in Africa - is jointly presented by the SA... 

Burner management systems market anticipates 5.5% growth by 2024

     27th January 2017 The global market for burner management systems (BMS) is projected to be worth $7.39-billion by 2024, expanding at a compound annual growth rate (CAGR) of 5.5% in that period, explains market research service provider Transparency Market Research (TMR). 

Cliffs removes last obstacle in way to ‘better times’

By: Henry Lazenby     27th October 2016 US-based iron-ore producer Cliffs Natural Resources has repaid its notes due in 2018 during the September quarter, which, combined with a $500-million debt reduction, eliminates the last obstacle in the way of the company's "way to better times”, states president and CEO Laurenco Goncalves.... 

Cartrack to launch low-cost solution for bottom end of the car market

By: Irma Venter     27th October 2016 Fleet management and vehicle recovery company Cartrack will launch a low-cost vehicle tracking and data-mesh solution for cars priced between R20 000 and R50 000. The solution would be “substantially more affordable” than anything else on the market, said CEO Zak Calisto in Johannesburg on... 

Russian NPP design technology in global demand

By: Anine Kilian     18th October 2016 Russian nuclear company Atomstroyexport (ASE), a part of Russian State-owned Rosatom group, which designs and constructs nuclear power plants (NPPs) globally, is currently running construction projects in India, Bangladesh, Turkey, Egypt, China and Hungary – an indication that Russian-built NPPs... 

Minerals sector strongly supports Trans Pacific Partnership deal – MCA

By: Esmarie Swanepoel     18th October 2016 The Minerals Council of Australia (MCA) has again thrown its weight behind the Trans Pacific Partnership (TPP) Agreement, telling the Joint Standing Committee on Treaties that it is important to make a success of the initiative in order to attract other Asian trading nations, including Korea,... 

Industrial group wins contract for 500 elevators and escalators

     23rd September 2016 Diversified industrial group ThyssenKrupp has been awarded a contract to manufacture, supply, install and maintain more than 500 elevators and escalators for the red line north, green line and two additional major stations of Qatar capital city Doha’s upcoming metro network, which will be... 

Alstom on the right track, says CEO

By: Natasha Odendaal     21st September 2016 French multinational Alstom is well on course in the “railway traffic evolution” stakes, with sustained growth in the sector affirming the group is on the right track with its 2020 strategy, says Alstom chairperson and CEO Henri Poupart-Lafarge. Addressing media at a press conference on the... 

Alrosa helps start Russian diamond hub targeting Asian market

By: Bloomberg     2nd September 2016 Alrosa PJSC is helping to start a diamond center in Russia’s Far East to attract trading and manufacturing companies, and boost gem sales to Asian countries including China, the second-biggest buyer. About $1-billion of business should go through the Eurasian Diamond Center in 2018, when more... 

ICTSI Gen. Santos is Investors in People’s Gold Employer of the Year

     5th August 2016 South Cotabato Integrated Port Services, Inc. was recently awarded the Gold Employer of the Year Award (International) at the annual Investors in People Awards 2016 at the Old Billingsgate Market in London. Joel Laureto, SCIPSI Billing superintendent; His Excellency Evan Garcia, Philippine... 

Global defence aviation market predicted to expand, but competition to rise too

By: Keith Campbell     5th August 2016 European aerospace and defence company Airbus Defence and Space (Airbus DS) expects the global defence market to grow at an annual average rate of 2.4% between now and 2020. Currently, total global defence expenditure is estimated at about €400-billion. In terms of regions, defence spending in... 

ICTSI Australia unit signs AUD398 million loan facility

     15th July 2016 Victoria International Container Terminal (VICT) signed a syndicated loan facility worth AUD 398 million (approximately USD 300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank, Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners, Bank... 

Lamborghini shrugs off economic gloom with record sales

By: Irma Venter     13th July 2016 Amid gloomy global economic conditions, performance car manufacturer Lamborghini has increased worldwide sales to 2 013 units in the first six months of 2016, up 7% compared with the same period last year. June was a new record month for the Volkswagen company, with 416 cars delivered to... 

Deloitte recognised as the leading global business consulting firm by three organisations

     11th July 2016 The global Deloitte group has been recognised in recently released reports as the leading global business consulting firm by three separate international analyst and research organisations. ALM Intelligence recognised Deloitte as No.1 in Global Business; Gartner ranked Deloitte No.1 in Consulting... 

Powerhouse merger completed

     24th June 2016 Global technology, engineering, procurement and construction company KBR announced late last month that it has entered into a definitive agreement to acquire specialised engineering, scientific and technical services provider Wyle. 

Air passenger traffic forecast to double over next 15 years

By: Keith Campbell     17th June 2016 Worldwide, air transport has proven very resilient over the past 45 years, despite periodic major crises. This was highlighted by Airbus Chief Operating Officer Customers John Leahy to international aerospace journalists at the company’s recent Innovation Days briefing in Hamburg. Since 1970,... 

Airbus still confident about future air traffic growth

By: Keith Campbell     31st May 2016 Worldwide, air transport has proven very resilient over the past 45 years, despite periodic major crises. This was highlighted by Airbus COO customers John Leahy to international aerospace journalists in Hamburg on Tuesday. Since 1970, when the Boeing 747 Jumbo jet first entered commercial... 

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