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Portfolio committee chair questions DTI’s exclusion from ‘steel committee’

By: Terence Creamer     24th June 2016 The Portfolio Committee on Trade and Industry has raised serious concern about the exclusion of the Department of Trade and Industry (DTI) as a direct participant in so-called ‘steel committee’ set up to monitor interventions made to shore up the domestic primary steel industry, which is under... 

DPI Plastics racks up orders in large-bore water infrastructure projects

     24th June 2016 DPI Plastics has already racked up two major orders for its new 630 mm Class 16 mPVC pipe, which it is now capable of manufacturing at its Roodekop factory. Technical and product manager Renier Snyman explains that this represents the latest addition to the 630 mm diameter range from DPI... 

Gold delivers on day of tumult as Brexit supports bull case

By: Bloomberg     24th June 2016 Gold delivered and more gains may be on the cards. As global financial markets were cast into turmoil by Britain’s decision to quit the European Union, the commodity that’s known above all else for its role as an investment refuge rewarded backers with the biggest surge since the global financial... 

Commodities reel in world market tumult as UK votes for Brexit

By: Bloomberg     24th June 2016 Commodities were swept up in global market turmoil as investors sold off growth-related assets including oil and copper and sought haven in precious metals as UK voters opted to leave the European Union after more than four decades. The Bloomberg Commodities Index fell as much as 2%, the most in... 

Company’s new design opens more doors for pipe manufacturers

By: Sascha Solomons     24th June 2016 Amid government spend on big water projects and the ongoing, urgent need for water infrastructure development, pipes manufacturer DPI Plastics’ latest addition to its existing 630-mm-diameter range, the new 630 Class 16 modified polyvinyl chloride (mPVC) pipe, has enabled the company to make... 

ABB inaugurates microgrid in South Africa, boosting renewables and power reliability

     23rd June 2016 Zurich, Switzerland, June 8, 2016 – Innovative solar-diesel solution provides continuity of power supply for ABB’s premises in Johannesburg and helps reduce carbon emissions ABB today commissioned an integrated solar-diesel microgrid installation at its 96,000 square meter Longmeadow facility in... 

Weak economy takes toll on container imports and exports

By: Irma Venter     22nd June 2016 The economic slowdown in China, declining demand for mining commodities, dwindling consumer spending power and the persistent drought in Southern Africa have all negatively impacted shipping container trade in South Africa in the first quarter of the year, with import and export markets declining... 

Africa uniquely placed to develop a diverse and sustainable energy mix

     22nd June 2016 Africa is uniquely placed to build a sustainable, renewable energy matrix with immense potential, says Rentia van Tonder, Head: Power at Standard Bank.  “However, how quickly, efficiently and at what cost the continent builds this energy infrastructure will be influenced by sovereign wealth,... 

The state of the European plastics industry

     21st June 2016 Despite a host of issues to tackle that range from marine waste to multiple force majeures at materials suppliers, the European plastics industry approaches K 2016 in a good state of health and with cautious optimism. But there are still many hills to climb. Plastics industry consultant Applied... 

South Africa should ensure small business participation through JVs, FDI investments – Zulu 

By: Mia Breytenbach     20th June 2016 South Africa has to find ways of ensuring that small businesses participate actively in the global market, not just through export facilitation, trade exhibitions and market access opportunities obtained through preferential market opportunities, but also through joint ventures (JVs), foreign... 

Insurance industry faces radical restructuring due to autonomous cars

By: Irma Venter     20th June 2016 The motor insurance industry faces radical restructuring as a result of the advent of autonomous cars. A research report released by Swiss Re and HERE in April, called ‘The Future of Motor Insurance’, calculated that autonomous driving (AD) technologies, such as lane departure warning, blind-spot... 

Rise in subscriber numbers lifts Cartrack’s revenue to R1bn

By: Irma Venter     17th June 2016 Boosted by global growth and a jump in its subscriber base, fleet management and vehicle recovery group Cartrack has announced a 20% increase in revenue, to R1-billion, for the year ended February 29. Operating profit improved by 19%, to R344.8-million. Cartrack has a presence in 21 countries, in... 

Stanmore to start highwall mining at Isaac Plains

By: Mariaan Webb     15th June 2016 Coal miner Stanmore Coal announced on Wednesday that it would extract 300 000 t of previously uneconomic coal from the disused S2 pit at the Isaac Plains mine, in Queensland’s Bowen basin. The company awarded a five-month contract to UGM Highwall Mining to start highwall mining operations at... 

Chryso Group Acquires 20th Subsidiary As S.A. Operations Celebrate 20th Anniversary

     14th June 2016 The Chryso Group has acquired its 20th subsidiary with the take-over of the business of a major player in the Philippines construction industry. Southern Africa, which includes a.b.e. Construction Chemicals, is this year celebrating 20 years of operations in South Africa. Norman Seymore,... 

Trends Driving the African Automotive Industry in 2016 and 2017

     14th June 2016 The global automotive business is in its most disruptive era since the advent of the industry over a century ago, creating an abundance of opportunities for new and established companies in the global automotive market. Frost & Sullivan anticipates the market to grow by 2%, reaching 91 million... 

Brett Dawson hands over the reigns of Dimension Data

     10th June 2016 After 12 dynamic years at the helm of Dimension Data, Brett Dawson has decided to hand over the leadership responsibility as Group CEO to longstanding COO Jason Goodall. During Brett’s tenure he successfully evolved the company into a market leading and fully integrated global IT services giant,... 

Company affirms commitment to sustainability in Africa

By: Dylan Slater     10th June 2016 Executives from chemicals, materials, agrosciences and plastics company Dow reassured African clients that the company’s commitment to servicing the continent will remain and grow sustainably, as flexible plastic packaging can play an important role in spurring economic development and supporting... 

Cost-sharing initiative to save small businesses

By: Robyn Wilkinson     10th June 2016 Welding services provider Federal Steel Company MD Phakamile Buthelezi has implemented a cost-sharing initiative that has helped to keep several small businesses in Turfontein, in the south of Johannesburg, afloat during a challenging economic start to the year for the welding industry. 

Four new periodic elements named, including Asia’s first discovery

By: Henry Lazenby     9th June 2016 The International Union of Pure and Applied Chemistry (IUPAC) has recommended that the names of four new elements to be added to the periodic table be approved following a five-month public review process that would end on November 8. The elements’ discovery teams were invited to name the new... 

Airtel wins the Global Telecommunication Business (GTB) award

     9th June 2016 Bharti Airtel, a leading global telecommunications services provider with operations in 20 countries across Africa and Asia, in collaboration with Nokia, has won the Global Telecommunication Business (GTB) award for a digital backbone that is driving mobile economy in Africa. Airtel also emerged... 

International companies view Johannesburg show as gateway to Southern Africa

     9th June 2016 Hundreds of companies have confirmed their arrival in Johannesburg seeking new distribution deals with retailers and entrepreneurs as part of this year’s South African International Trade Exhibition (SAITEX). SAITEX 2016, which takes place from June 19 to 21 at the the Gallagher Convention... 

Fortescue sees next wave of growth forming to support ore demand

By: Bloomberg     8th June 2016 Fortescue Metals Group, the world’s fourth-largest iron-ore exporter, is starting to see signs of the next wave of global economic growth that may help support demand for the steelmaking ingredient. “I have just come back from a major trip through Europe and North America and Asia and I’m not... 

Serious questions being asked about composition of ‘fair’ steel price basket 

By: Terence Creamer     3rd June 2016 South African steel consumers are raising serious concerns about the composition of the steel-price basket being proposed by ArcelorMittal South Africa (AMSA) as a mechanism for regulating domestic flat-steel prices and are seeking urgent talks with government to air their anxieties ahead of any... 

Noble Group to raise $500m in rights issue, chair to step down

By: Reuters     3rd June 2016 Noble Group is raising $500-million in a rights issue and its chairman plans to step down within 12 months - the latest in unexpected measures this week as Asia's largest commodity trader struggles with the fallout from an accounting dispute and weak markets. The resignation plans by chairperson... 

New-vehicle prices poised to rise sharply

By: Irma Venter     3rd June 2016 Consumers should brace themselves for a sharp increase in new-vehicle prices. Rand weakness will probably see new-vehicle prices increase by between 12% and 15% – or more – in 2016, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its first quarter business... 

SCHMOLZ + BICKENBACH expands its Sales & Services international network

     2nd June 2016 A strong global presence – this is the motto behind the decision of SCHMOLZ + BICKENBACH International to invest in expanding their global Sales and Services network: in the important markets of America, Asia and Scandinavia this subsidiary of the SCHMOLZ + BICKENBACH Group is expanding their... 

Ses-9 Ready To Enter Commercial Service

     2nd June 2016 SES’s largest satellite over Asia-Pacific, adding a total payload of 81 36MHz transponder equivalents of which 53 in Ku-band are incremental, expanding SES’s scale in global video and mobility verticals with important anchor customers already secured. SES S.A. announced today that its new SES-9... 

Urbanisation, spatial injustice remain a challenge in Africa 

By: Anine Kilian     31st May 2016 The world is urbanising rapidly and, according to the United Nations (UN), 54% of the world’s population live in urban areas, a statistic set to increase to 66% by 2050, said Deputy Cooperative Governance and Traditional Affairs Minister Andries Nel on Tuesday. Speaking at the second African... 

Cartrack sees jump in international revenue, debtor defaults

By: Irma Venter     31st May 2016 Boosted by global growth and a jump in its subscriber base, fleet management and vehicle recovery group Cartrack on Tuesday announced a 20% increase in revenue, to R1-billion, for the year ended February 29. Operating profit improved by 19%, to R344.8-million. Cartrack has a presence in 21... 

DTI hopeful of continental free trade area agreement conclusion in two years

By: Natasha Odendaal     27th May 2016 South Africa’s Department of Trade and Industry (DTI) is hopeful of concluding the continental free trade area agreement within two years to facilitate Africa-wide ease of trade among country peers. Speaking on the final day of the Southern African Metals and Engineering Indaba, held in Sandton,... 

Global nuclear agency ready to help African countries adopt atomic power

By: Keith Campbell     27th May 2016 The Director General of the International Atomic Energy Agency (IAEA), Yukiya Amano, has reaffirmed his organisation's readiness to help African countries adopt nuclear energy, if they wish to. "Your country [South Africa] is the only established user of nuclear power [in Africa]. Other countries... 

Largest fibre manufacturing plant opens in KZN

     27th May 2016 Nonwoven product manufacturer Fibertex South Africa’s manufacturing plant in Hammarsdale, KwaZulu-Natal – which is one of six Fibertex factories in the world – is now the largest nonwoven geotextiles manufacturing facility in Africa. 

‘Steel committee’ to be set up to monitor AMSA’s ‘fair pricing’ pledge 

By: Terence Creamer     26th May 2016 Government would, within weeks, finalise a “fair pricing” agreement with steel producer ArcelorMittal South Africa (AMSA) and establish a “steel committee” to monitor implementation of the formula, which would be based on a basket of selling prices in Europe, Asia and North America. Department of... 

Ascendis Health acquires two European firms for R7.3bn

By: Creamer Media Reporter      24th May 2016 As part of its international growth strategy, JSE-listed Ascendis Health has acquired two major European health and care businesses, Remedica Holdings and Scitec International, for a combined R7.3-billion. “Our strategy is to complement growth in the domestic health and care market through... 

Atlas Copco Road Construction Equipment appoints new equipment & aftermarket dealer

     24th May 2016 Dynapac Road Construction Equipment, a division of Atlas Copco Construction Technique, brings its product and service solutions offering closer to customers around the country through the appointment of MB Plant SA (Pty) Ltd as its official equipment and aftermarket dealer. Quality products and... 

Global steel production down 0.5% y/y in April

By: Samantha Herbst     23rd May 2016 Despite clawing its way back in recent months from a brief slump in January and February, global crude steel production fell 0.5% year-on-year to 135-million tonnes in April, according to the World Steel Association’s (worldsteel’s) crude steel production report for April. South America was... 

Alternative fundraising model seen flourishing but regulatory issues could stifle uptake in South Africa

By: Mia Breytenbach     20th May 2016 The mining industry is facing increasing risk aversion from equity and debt investors, owing to testing circumstances in the depressed global market, particularly with regard to falling commodity prices, slower economic growth in China and reduced mining production. Owing to traditional funding... 

New antibacterial gel can save thousands in developing countries

     20th May 2016 A new antiseptic chlorhexidine gel – antibacterial gel – that can prevent umbilical cord infections (omphalitis) in newborn infants in developing countries has been granted an encouraging scientific judgement from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines... 

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