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Copper slides to 1-year low, zinc sinks in broad selloff

By: Reuters     11th July 2018 Copper prices slumped to their weakest level in a year and zinc fell to 13-month lows amid a broad selloff on Wednesday after the Trump administration said it would slap 10 percent tariffs on an extra $200-billion worth of Chinese imports. US President Donald Trump’s latest tariff threat... 

Corruption’s heavy toll

By: Martin Zhuwakinyu     6th July 2018 Picture this scene: you are driving along a road in suburban Johannesburg and a stern-looking cop pulls you over, informing you, as you wind down your window, that you have exceeded the speed limit or committed any of several traffic infractions. In a tone that can put the fear of God into any... 

FDI in South Africa declining 

By: Anine Kilian     29th June 2018 South Africa needs to improve its governance and regulatory transparency to attract more foreign direct investment (FDI), says AT Kearney global business policy council chairperson Paul Laudicina. In a briefing on Friday, he noted that South Africa’s share of regional foreign direct investment... 

Rapid Strength Concrete Market To Reach USD 450 Billion By 2024

27th June 2018 According to a new research report by Global Market Insights, Inc. Rapid Strength Concrete Market to exceed USD 450 billion by 2024. Strong demand for rapidly setting concrete in the construction industry which helps in reducing the overall construction time and cost is likely to augment rapid... 

Dimension Data acquires majority stake in e2y

By: Natasha Odendaal     25th June 2018 To add digital commerce capabilities to its digital business solutions portfolio, Dimension Data is acquiring a majority stake in digital commerce consultancy e2y for an undisclosed amount. e2y is expected to add further skills to Dimension Data’s digital infrastructure consulting and services... 

Verdant gets offtake interest at Ammaroo

By: Esmarie Swanepoel     21st May 2018 ASX-listed Verdant Minerals has signed a non-binding offtake memorandum of understanding (MoU) for the potential sale of 100 000 t/y of rock concentrate from its Ammaroo phosphate project, in the Northern Territory. The MoU was inked with fertiliser manufacturer and marketer Ameropa Australia. 

Only 10% of global manufacturing companies are championing digital transformation – PwC

By: Marleny Arnoldi     8th May 2018 Industry 4.0 is rapidly transforming the manufacturing sector and digital transformation has been on many a CEO’s agenda for a number of years, but despite this, only a small group of companies is in a position to gain real competitive advantage from this operations revolution, says... 

South Africa falling behind with digital transformation

8th May 2018 Industry 4.0 is transforming manufacturing rapidly and digital transformation has been on many CXO’s agenda for a number of years.  Despite this, only a small group of companies is in a position to gain real competitive advantage from this operations revolution. In PwC’s Strategy& Global Digital... 

Mining deals valued at $51bn in 2017

By: Esmarie Swanepoel     27th April 2018 While the number of merger and acquisition (M&A) deals fell by 6% in 2017, the value of transactions rose by 15%, to $51-billion, marking the highest value of deals since 2013. Advisory firm Ernst & Young (EY) on Friday reported that key drivers of M&A activity continued to shift from... 

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... 

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