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Trade agreements in the spotlight at Export Week

     30th September 2016 South Africa's increasing international presence has led to several trade agreements being negotiated with other countries. Facilitating the growth of the country's export markets, these favourable agreements have opened up countless opportunities for companies based here to increase their... 

Improved freight rail logistics performance needed

     30th September 2016 “Improved port connectivity with rail networks and better logistics performance are strongly associated with trade expansion, export diversification, ability to attract foreign direct investments and economic growth.” This is according to The Port Management Association for Eastern and Southern... 

Challenges facing South Africa’s labour market

     30th September 2016 The challenges facing South Africa's labour market in 2016 have been evident in a number of recent judgments and in ongoing processes of engagement between social partners.  The introduction of a national minimum wage remains high on the policy agenda, but its relationship with job losses and job... 

Astrapak strategy bears fruit as interim profit rises

By: Megan van Wyngaardt     29th September 2016 Packaging company Astrapak on Thursday reported a 25.4% year-on-year increase in its profit of R27.6-million for the six months ended August 31, while its revenue rose 15.2% year-on-year to R734-million. The increases came on the back of the company having exited all noncore businesses and... 

Small And Emerging Builders Suffer Most From Contractual Ignorance

     27th September 2016 At least 100 000 people are involved with building contracts in the South African construction sector every year – but the majority know very little of the contracts in common use, or the legal procedures to be followed during the course of a building project. This is the view of Uwe Putlitz, CEO... 

Engen and Supersport United give back to the south Durban community

     27th September 2016 Engen, South Africa’s leading petroleum brand*, and partners SuperSport United continue to give back to local communities.  On Thursday, 29 September 2016 they will be hosting a coaching clinic for 90 children at the Umbilo Secondary School in Wentworth, Durban. At the clinic South African... 

Jacobs Capital, partner invest R300m in recapitalising KZN hardboard manufacturer

By: Shirley le Guern     26th September 2016 Durban-based private equity firm Jacobs Capital and its partner Black Bird Capital are confident that investment of around R300-million will place struggling hardboard manufacturer Masonite back on its feet in the short to medium term.   The troubled company was placed in business rescue in... 

Commission’s ports probe to place spotlight on Transnet’s economic impact

By: Mia Breytenbach     23rd September 2016 State-owned logistics company Transnet, which owns all commercial ports in South Africa and is the sole operator of the country’s container and automotive terminals, has naturally had a major influence over port operations and terminal handling charges. However, that role and dominance have often... 

Commission’s ports probe to place spotlight on Transnet’s economic impact

By: Mia Breytenbach     23rd September 2016 State-owned logistics company Transnet, which owns all commercial ports in South Africa and is the sole operator of the country’s container and automotive terminals, has naturally had a major influence over port operations and terminal handling charges. However, that role and dominance has often... 

Pharmaceuticals giant to launch SA’s first biotech manufacturing facility

     23rd September 2016 Global pharmaceutical company Cipla announced in July that its proposed biotech subsidiary, Cipla BioTec South Africa (CBSA) will invest just over R1.3-billion into the country's first biotech manufacturing facility, used for the production of biosimilars, and located in KwaZulu-Natal. Cipla’s... 

Revenue service releases customs strategic plans

By: Riaan de Lange     23rd September 2016 Do you know what the values of the South African Revenue Service (Sars) are? According to the organisation's strategic plan for the period 2016/17 to 2020/21, released on September 5, Sars has seven values: These fairness, accountability, integrity, respect, transparency, trust and honesty. On... 

Oceanwide Logistics Opens In South Africa – Expanding Company’s Growing Global Network

     22nd September 2016 Comprehensive Sea/Air/Land Freight and Logistics Solutions Offered Across South Africa from Durban Headquarters OL International Holdings LLC (OL International) today announced the launch of Oceanwide Logistics SA (Pty) Ltd (OL South Africa) with the opening of its newest office in Umhlanga,... 

Making early childhood development easier

     22nd September 2016 In the disadvantaged Durban community of Khulula, in Newlands West, there were no decent crèches, nursery schools or day care centres for children. This meant zero facilities for hard-working parents to drop their little ones in the morning where they can learn, be safe and have some fun. But,... 

Top talent primed for the 2016 Engen Champ of Champs

     22nd September 2016 The journey to the top for many of the country’s prodigiously talented young footballers is set to continue following the draw for the eagerly anticipated Engen Champ of Champs on Tuesday, 20 September 2016. The Engen Champ of Champs, which pits the five regional Engen Knockout Challenge winners... 

MICROmega buys CSIR Food and Beverage Laboratories

By: African News Agency      21st September 2016 IT and financial services firm, MICROmega Holdings on Wednesday announced the acquisition of CSIR Food and Beverage laboratories, formerly a division of Council for Scientific and Industrial Research (CSIR). The CSIR Food and Beverage laboratories provide chemical analytical services that focus... 

Jacobs Capital & Vulindlela Holdings Invest in Summit Crane Hire

     21st September 2016 Durban based private equity investors, Jacobs Capital and Vulindlela Holdings, have purchased a majority stake in leading mobile crane hire company, Summit, for an undisclosed sum. The company, which is the market leader in the Western Cape and has a presence in the Eastern and Northern Cape, has... 

Zuma warns illicit financial outflows hinder Africa’s development 

By: African News Agency      21st September 2016 President Jacob Zuma has warned that illicit financial flows out of Africa of about $50-billion a year were depriving the continent of much needed resources for development. In a statement on Wednesday, the Presidency quoted Zuma as saying: “Illicit financial flows deprive developing countries of... 

Launch of Osprey marks halfway point in TNPA’s R1.4bn tug-building contract 

By: Shirley le Guern     20th September 2016 The launch of the Transnet National Ports Authority’s (TNPA’s) Osprey tugboat in Durban harbour on Tuesday marked the halfway point in the port authority’s R1.4-billion tug-building contract. Southern African Shipyards CEO Prasheen Maharaj said at the launch that the Osprey was tangible proof... 

iX Engineers – an Enterprise Development success story

     19th September 2016 An active participant in the transformation of South Africa, project delivery and engineering consultancy WorleyParsons RSA has demonstrated that Enterprise Development can be successful, as attested to by the creation of iX Engineers (Pty) Ltd, a 53% black-owned consulting engineering company... 

Nuclear-powered desalination a possible solution to SA’s water woes

By: Kelvin Kemm     16th September 2016 People in the area falling under the Kouga municipality are becoming worried that the drought is continuing. This area is in the Eastern Cape and stretches inland from around Jeffrey’s Bay, St Francis Bay and Oyster Bay. It is a rich agricultural area and the prime dairy producing area of the... 

First Cut – celebrating 60 years at the ‘cutting-edge’ of South African industry

     15th September 2016 From a cool-drink can to an oil tanker, before something is manufactured or fabricated, each component needs to be cut from raw material. However, the speed, accuracy, precision and reliability with which that cutting is done all has a profound impact on a manufacturer’s ultimate profitability.... 

#YourJourneyStartsHere continues at Engen Champ of Champs

     12th September 2016 The journey to the top for many of the country’s most talented young footballers continues as the winners of the regional Engen Knockout Challenge competitions face-off for the Engen Champ of Champs title in early October. The 2016 Engen Knockout Challenge crowned regional champions in Port... 

Fluor Receives Award for Project Excellence

By: Creamer Media Reporter      9th September 2016 The prestigious Hugh K. Coble award was recently presented to Fluor South Africa for the Natref Clean Fuels II/Octane Project located in Sasolburg, South Africa. Fluor was awarded a contract by Sasol Group Technology in June 2013 to perform basic engineering services associated with the Natref... 

Proposed sugar tax leaves sour taste in the mouth

By: Kelvin Kemm     9th September 2016 I have, once again, been reading about the proposed sugar tax, which government says wants to introduce next year.  The whole idea of a sugar tax leaves a sour taste in my mouth. The tax is proposed to be levied on sugared beverages. 

SAIW continues to make significant contributions to education

By: Victor Moolman     9th September 2016 Despite there being a decline in enrolments in inspector and competent persons courses for welding, the Southern African Institute of Welding (SAIW) continues to be well positioned to make a significant contribution to capacity building through its education and training programmes. 

South Africans receive fibre cable manufacturing training in China

By: Megan van Wyngaardt     8th September 2016 Eight South African employees of the Chinese majority-owned Yangtze Optics Africa Cable (YOAC), which is midway through the construction of one of the biggest local optical fibre cable manufacturing plants, are currently being trained on fibre cable manufacturing, in preparation for the launch of... 

Chinese Yangtze Optics Africa Cable steps up skills development efforts in SA

     7th September 2016 Optical fibre will change the way in which people and businesses connect, and local skills development will be critical in meeting the anticipated boom in demand   05 September 2016, South Africa: As China continues to strengthen relations in South Africa, Chinese majority owned Yangtze Optics... 

KwaZulu-Natal Growth Coalition bemoans political, economic uncertainty

By: Shirley le Guern     7th September 2016 Government needs to provide strong leadership, political and economic certainty and a return to the values of post-1994 South Africa if it is to partner with business to unlock growth opportunities in KwaZulu-Natal. This was the strong message from businessperson and KwaZulu-Natal Growth... 

South Africa should use 2022 Commonwealth Games for 5G showcase, urges Nokia

By: Natasha Odendaal     6th September 2016 With fifth generation (5G) technology widely expected to deliver an “explosion of possibilities”, South Africa has an opportunity to kick off its own 5G journey in 2022 – when the Commonwealth Games descend on Durban, says multinational communication and information technology company Nokia.... 

Floating dry dock could lead to further docking opportunities in Durban

By: Shirley le Guern     5th September 2016 Dormac Marine’s R300-million investment in its Dormac Dock 1 floating dry dock will position the Dormac shipyard as a centre of excellence for the ship repair industry and serve as a stimulus for additional investment and docking opportunities in Durban, said Trade and Industry Minister Dr Rob... 

TNPA to boost dredging skills through launch of R30m simulator

By: Shirley le Guern     5th September 2016 Transnet National Ports Authority (TNPA) has launched Africa’s first dredging simulator – a computerised training cockpit for aspirant dredger operators – in Durban.  The dredging simulator is located at Durban’s Maritime School of Excellence (MSoE) and will form the core of the school’s newly... 

Davies launches new ship-repair facility in Durban

By: Anine Kilian     2nd September 2016 The ship and boat manufacturing industry in South Africa has a great opportunity to supply and service sub-Saharan Africa with working vessels as required by State agencies for various activities, Trade and Industry Minister Dr Rob Davies said on Friday. Speaking at the naming ceremony of the new... 

Lingering clean-fuels uncertainty could ‘wipe out’ South Africa’s refineries 

By: Terence Creamer     2nd September 2016 South African Petroleum Industry Association (Sapia) chairperson Maurice Radebe has appealed for “decisive action” to resolve the prevailing policy uncertainty on cleaner fuels and how the $4.9-billion cost of upgrading the country’s existing refineries to produce such fuels will be recovered.... 

MBSA calls on construction industry to back new sector code

By: David Oliveira     2nd September 2016 South African construction industry organisation Master Builders South Africa (MBSA) called on its members last month to get firmly behind the transformation goals of the newly released draft construction sector code for black economic empowerment (BEE). In many ways, the revised code evolved... 

Metair earnings hit by ‘disruptive’ auto components phase

By: Irma Venter     2nd September 2016 A struggling automotive components business saw operating profit at JSE-listed Metair drop 25%, to R260-million, for the six months ended June 30, compared with the same period last year. Revenue at the energy storage solutions and automotive components manufacturer and distributor increased 14%... 

Opportunities for bitumen producers increased in Africa

     2nd September 2016 With there being various commitments to improve infrastructure made by African countries, bitumen producers will be assured of significant work in future, says oil industry company Royal Dutch Shell. According to figures stated in the Roads and Highways overview compiled by international... 

Supplier development programme launched for black businesses

     2nd September 2016 Oil refining company Chevron Corporation’s local subsidiary Chevron South Africa (SA) –  which markets its fuel under the Caltex brand – last month announced a new enterprise and supplier development (E&SD) programme aimed at improving access to its value chain for black-owned businesses.  The... 

KZN mining boss gunned down in an apparent hit 

By: News24Wire      31st August 2016 A Richards Bay mining boss has been gunned down in an apparent hit, KwaZulu-Natal police said on Wednesday. Richards Bay Minerals HR manager Ronny Nzimande was shot while sitting in his car outside his house on Tuesday night, Captain Nqobile Gwala said. 

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