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Cartrack sees jump in international revenue, debtor defaults

By: Irma Venter     Updated 7 hours ago 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... 

Airbus still confident about future air traffic growth

By: Keith Campbell     Updated 7 hours ago 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... 

Mobile Adblocking reaches 419 million globally

     31st May 2016 A new PageFair report estimates that as of March 2016, 419 million people, or 22% of the world’s 1.9 billion smartphone users, are blocking ads on the mobile web. It was previously reported that mobile adblocking use was much lower.  “Adblocking Goes Mobile” by PageFair, in partnership with app... 

Advisian engages with clients to create greater value

     31st May 2016 The South African operation of WorleyParsons’ global consulting business, Advisian, has experienced notable growth since its launch less than a year ago with its initial office of five members expanding to close to 100 in an effort to service the needs of clients and deliver expert strategic and... 

Air freight markets see April growth

By: Anine Kilian     30th May 2016 The International Air Transport Association (Iata) saw a 3.2% increase in air freight demand in April compared with the same period last year, according to demand growth results for global air freight markets, published on Monday. The increase in demand was broad-based across all regions, with... 

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,... 

Edenville establishes subsidiary to advance Rukwa power plant

By: Anine Kilian     27th May 2016 Aim-listed Edenville Energy has established a new company Edenville Power Tanzania to advance the power plant project that forms part of its Rukwa coal-to-power project. The 100% owned subsidiary company would be the principal vehicle to advance the power plant along its path to development,... 

A sobering visit to Chernobyl 30 years on

     27th May 2016 Watching a post-apocalyptic movie doesn’t do justice to the experience of walking down the main road of the model Soviet town of Prypyat thirty years after it was evacuated in the aftermath of the Chernobyl Nuclear Power Plant accident. What was once a spacious boulevard is now a forest hiding... 

Clarion call for creation of African cloud infrastructure

By: Schalk Burger     27th May 2016 Cloud is recognised as one of the four foundations of the fourth industrial revolution, also called digital transformation, but T-Systems South Africa MD Gert Schoonbee highlights concerns that Africa will be subjected to skills and job losses if a large-scale cloud system cannot be developed on... 

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. 

Output from Toyota’s Durban plant to fall as it ramps up new models

By: Irma Venter     27th May 2016 Toyota South Africa Motors (TSAM) will see production at its Durban plant drop from 138 000 units in 2015 to an expected 122 000 units this year, says TSAM president and CEO Andrew Kirby. Of the 138 000 units assembled at the Prospecton plant last year, 93 500 units were Hilux bakkies, 10 200... 

Stainless steel more prominent in construction

     27th May 2016 Multinational stainless steel manufacturer Outokumpu has seen more of  its products being used in construction products in recent years, owing to changes in technology, increased environmental awareness and economic constraints. Increasingly sophisticated medical equipment requires an equally... 

UK-SA bilateral research chair to boost food security research in SA

By: Mia Breytenbach     27th May 2016 Amid rising food prices, coupled with one of the worst droughts the country has experienced, food security research in South Africa has received a much-needed boost from the Newton Fund, and National Research Foundation (NRF) UK–South Africa Bilateral Research Chair Initiative (SARChI) launched... 

‘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... 

New acid mine water process has huge agri potential in arid areas  

By: Martin Creamer     25th May 2016 The newly developed process that yields handsome profits by converting acid mine water into valuable fertiliser materials, also has the potential to process South Africa’s large volumes of currently unusable brackish groundwater. The use of the process that eradicates acid mine drainage (AMD) for... 

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... 

Sustainability and infrastructure development: finding commonality to ensure collective success

     24th May 2016 Africa’s ambitious development goals require the construction of infrastructure and related mega-projects as a priority. With the IMF forecasting that 11 of the world’s 20 fastest growing economies will be in Africa by 2017, and cities across the continent needing to collectively accommodate an... 

Toyota SA opens R6.1bn Fortuner, Hilux assembly lines

By: Irma Venter     24th May 2016 President Jacob Zuma on Tuesday officially opened Toyota South Africa Motors’ (TSAM’s) new Fortuner and Hilux production lines. The Japanese manufacturer invested R6.1-billion to facilitate production of the two new models at its Prospecton plant, in Durban. 

IHS Towers Wins Africa Telecom Infrastructure Company Of The Year Award

     24th May 2016 IHS Towers, the largest mobile telecommunications infrastructure provider in Africa, Europe and the Middle East, has won the 2016 Africa Telecom Infrastructure Company of the Year Award at Africa’s Information Technology & Telecom Awards. The Award was received during the West Africa Telecom... 

POWER-GEN & DISTRIBUTECH AFRICA: Africa’s power sector to seek sustainable growth drivers

     23rd May 2016 POWER-GEN & DISTRIBUTECH AFRICA: Africa’s power sector to seek sustainable growth drivers Africa’s leading power generation and distribution stakeholders are set to converge in Sandton later this year, for talks on creating power for sustainable growth in Africa. 

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... 

Azure raises A$15m for Mexico project

By: Mariaan Webb     23rd May 2016 ASX-listed Azure Minerals has secured A$15-million to advance exploration and development studies at the Alacrán silver and gold project, in Mexico. The company reported on Monday that it would issue 395-million shares at A$0.038 to institutional and sophisticated investors in two tranches. One... 

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... 

Countdown begins for key South Africa-linked radio astronomy developments

By: Keith Campbell     20th May 2016 South Africa’s MeerKAT radio telescope array will be ready to start scientific observations by the end of next month, South African Science and Technology Minister Naledi Pandor announced at last month’s Third SKA African Partner Countries Ministerial Meeting. By then, 21 antennas would be... 

Be wary of self-proclaimed environmental campaigners

By: Kelvin Kemm     20th May 2016 The concept of environmentalism is undoubtedly good. People across the plant need to have a mental frame of reference in which they appreciate living in a clean world – no litter, no waste chemicals in rivers, and so on. But it goes further than that. An appreciation of the balance of nature and... 

Countdown begins for key South Africa-linked radio astronomy developments

By: Keith Campbell     20th May 2016 South Africa’s MeerKAT radio telescope array will be ready to start scientific observations by the end of next month, South African Science and Technology Minister Naledi Pandor announced at last month’s Third SKA African Partner Countries Ministerial Meeting. By then, 21 antennas would be... 

Five-year funding plan to overcome challenges

     20th May 2016 Independent global charitable foundation, the Wellcome Trust has committed £21-million to the Developing Excellence in Leadership, Training and Science (Deltas) Africa initiative, which aims to improve health in Africa through research driven by the most urgent regional challenges. 

Smart vehicle brand relaunched in South Africa

By: Irma Venter     20th May 2016 The relaunch of the Smart brand in South Africa sees luxury car manufacturer Mercedes-Benz South Africa (MBSA) venture into some new territory – that of the entry-level buyer. “The new-look Smart will be a game-changer for us,” says MBSA co-CEO and MBSA Cars executive director Florian Seidler. 

The ‘P’ in PIIGS

By: Riaan de Lange     20th May 2016 It is late in the afternoon on International Workers Day as our family enjoy refreshments in a town on the eastern side of the Algarve, the southernmost region of continental Portugal, about 25 km west of the Spanish border. We are at a street café, in the most glorious of sunshine, with a slight... 

UK wind industry to benefit from service agreement

     20th May 2016 Wind gearbox service provider Moventas Gears UK has invested heavily in the UK wind service market with its offering of a multi-brand service portfolio suited to UK and Ireland’s most popular fleets. A substantial upgrade of Moventas’s original equipment manufacturer quality facility in... 

Upbeat Corsa Coal narrows Q1 net loss as prices rise

By: Henry Lazenby     19th May 2016 US coal producer Corsa Coal has narrowed its first-quarter net loss to $8.29-million, up from a loss of $25.62-million in the comparable quarter ended March 31 a year earlier, despite falling sales and revenues. The company believed that January marked a 12-year bottom for metallurgical coal... 

EU eases black-spot rules on South African citrus destined for juicing

By: Terence Creamer     19th May 2016 The European Union (EU) has announced plans to partially relax citrus black spot (CBS) regulations on fruit exported from South Africa from June 1. The European Commission decided earlier this month that South African citrus exports destined exclusively for industrial processing into juice would... 

Avalon diversifies into lithium

By: Mariaan Webb     19th May 2016 Copper and iron-ore developer Avalon Minerals on Thursday announced that it would move into lithium as a complimentary business to its flagship Viscaria copper project, in Sweden. The Australian company has secured interests in two main areas of lithium occurrences in Finland, including the... 

PaintExpo Inspires Exhibitors and Visitors

     18th May 2016 During the course of its sixth edition, PaintExpo once again scored top ratings with regard to exhibitor and visitor numbers, as well as internationalism. The numerous RFQs, projects and orders brought to Karlsruhe by the 10,522 visitors who attended the leading international trade fair from 19... 

SABMiller says underlying growth good, currency headwinds hit FY earnings

By: Natasha Odendaal     18th May 2016 JSE-listed SABMiller on Wednesday increased its dividend by 8% to 122c for the year ended March 31, as the group delivered “good results” for the financial year, despite currency volatility hitting the bottom line. For the year under review, revenue decreased 10% to $19.8-billion, with group net... 

Australia miners ‘missing in action’ in Colombia

By: Samantha Herbst     18th May 2016 Australia’s resource houses are “missing in action” in Colombia, Latin America’s third-largest economic powerhouse, and need to move quickly to increase their engagement with the mineral-rich State, said Colombian Mining Association president Santiago Angel Urdinola. Addressing the Paydirt 2016... 

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