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New-vehicle sales down 10.4% in the first half of 2016

By: Irma Venter     1st July 2016 Statistics released by the Department of Trade and Industry on Friday revealed that South Africa’s new car market was down 10.4% for the first half of the year compared with the first six months of 2015. Light commercial vehicle (LCV) sales had declined by 8.9% in the first half of 2016, while... 

Fibre laser technology on the rise in steel industry

By: Robyn Wilkinson     1st July 2016 Cutting solutions provider First Cut is supplying fibre laser cutting machines to South Africa, which are greatly improving the efficiency and cost effectiveness of laser-cutting operations in various industries, including the steel industry, in a difficult economic climate 

New digital multiswitch launched

     1st July 2016 Radio frequency and mixed-signal integrated circuits for cable and satellite broadband communications provider MaxLinear Broadband Group, announced early last month that the high-end medical and industrial appliance manufacturer Unitron Group has added one of Europe’s largest satellite operators... 

Solar may grow sixfold by 2030

By: Bloomberg     1st July 2016 The amount of electricity generated using solar panels stands to expand as much as sixfold by 2030 as the cost of production falls below competing natural gas and coal-fired plants, according to the International Renewable Energy Agency. Solar plants using photovoltaic (PV) technology could... 

Lucara to evaluate alternative market options for 1 109 ct Lesedi La Rona diamond

By: Mia Breytenbach     30th June 2016 Vancouver-based Lucara Diamond Corp will pursue alternative market opportunities for its 1 109 ct Type IIa Lesedi La Rona diamond, which went unsold at a Sotheby’s auction, in London, on Wednesday night. The Lesedi La Rona, the second-largest diamond ever recovered after the Cullinan diamond, had... 

South African regulator clears AB InBev, SABMiller merger with conditions

By: Reuters     30th June 2016 South Africa cleared Anheuser-Busch Inbev's $100-billion-plus deal to acquire SABMiller on Thursday, putting the world's largest brewer "on track" to complete the merger within the next six months. The Competition Tribunal, which gives the final word on mergers in Africa's most industrialised... 

Nokia selected by Telefónica Spain for next-generation metro optical network

     30th June 2016 Telefónica Spain to deploy new optical metro network as part of Fusión Red project to handle massive growth in traffic from new video services Nokia to deploy its recently enhanced transport portfolio, based on the company’s new programmable silicon chipset, to help Telefónica Spain meet surging... 

How Brexit could be a boost for SA trade

By: News24Wire      30th June 2016 A worst case scenario for the United Kingdom (UK) could be a boost for South African trade between the UK and the European Union (EU), a trade consultant and economist said on Wednesday. This follows a referendum, where the UK voted to leave the European Union last Thursday. 

Aspire subsidiary awarded concession for cross-country rail corridor

By: Samantha Herbst     29th June 2016 ASX-listed metallurgical coal explorer and infrastructure company Aspire Mining’s subsidiary, Northern Railways, has been awarded a rail concession from the Mongolian government to build, operate and transfer a 547 km section of the newly agreed upon Northern Rail Corridor from Erdenet, in... 

Telemedicine Industry Leader GlobalMed Establishes Base of Operations for Africa

     28th June 2016 As a sign of the growing importance of the African market to the world economy, GlobalMed® – the worldwide industry leader in telemedicine delivery systems – has chosen The Mbaoua Group in Côte d’Ivoire (Ivory Coast) to oversee opportunities and deployments in Africa. Yaya Mbaoua, the company’s... 

PEM® Self-Clinching Standoff Fasteners in Range of Types and Styles Enable Mounting, Spacing, or Stacking of Multi-Panel Assemblies

     28th June 2016 PEM® self-clinching standoff fasteners from PennEngineering® enable precise and reliable mounting, spacing, or stacking of panels, boards, or components in assemblies.  This family of fasteners includes a wide range of types and styles designed for permanent installation into metal sheets as thin... 

Industry body contributes to the changing landscape of waste management

     28th June 2016 South Africa’s waste management industry is in a transformative state. With the country’s well-established waste management regulations, the Institute of Waste Management of Southern Africa encourages organisations to comply with legislation. During the past two years, South Africa’s waste... 

Industrial equipment giant Goscor signs key distribution deal with Chinese multi-national Sany

     27th June 2016 State-of-the-art industrial equipment specialist, the Goscor Group, has signed a key distribution deal to become the official dealer of Chinese multi-national Sany’s earthmoving equipment in South Africa. In accordance with the agreement signed on 17th May 2016, Goscor Group will newly set up an... 

Key trends shaping the wine industry in South Africa

     27th June 2016 Amid concerns around the productivity of wine farms due to economic challenges and unpredictable weather patterns, the sector expects reasonable harvest this year. Dawie Maree, Head of Information and Marketing at FNB Business Agriculture, says overall production for the year has not been... 

Volatile rand dives over Brexit as Fed silver lining emerges

By: News24Wire      27th June 2016 The rand remained the worst performing emerging market currency on Monday, but an analyst said there is a silver lining for the local unit. It continued to show its volatile nature on Monday, after losses against the dollar swung between 2% and 8.5% on Friday. 

Brexit could push gold price as high as $1 400/oz in coming weeks

By: Ilan Solomons     24th June 2016 Gold and silver prices on Friday surged above their 2016 highs in the wake of the outcome of the British referendum to leave the European Union (EU) – the so-called Brexit. Fitch Group research firm BMI on Friday said it expected additional gains for these precious metals over the coming weeks. 

Brexit deals 'resilient' South Africa a new complication  

By: Natasha Odendaal     24th June 2016 As the UK’s decision to withdraw from the European Union (EU) this week sent ripples of uncertainty and volatility across an already unsteady global economy, South Africa’s Finance Minister Pravin Gordhan has moved to assure the public of the country’s strong trade ties and resilience. However,... 

‘Staggering’ uncertainty driving gold – World Gold Council

By: Martin Creamer     24th June 2016 With Britain voting to exit the European Union, the World Gold Council expects to see strong and sustained inflows into the gold market driven by the "staggering" level of protracted uncertainty that investors now face. The council said on Friday that gold’s surge to $1 313.85/oz was providing... 

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... 

Worldsteel head sees no massive impact from Brexit in EU for now

By: Reuters     24th June 2016 Britain's decision to leave the European Union will not immediately have a strong effect on the European steel industry, the chairman of the World Steel Association said on Friday. "There is no massive direct impact to be expected for the European steel industry in the short term," Wolfgang Eder,... 

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... 

From beer to drugs to cars: Global business laments EU vote

By: Reuters     24th June 2016 Chief executives from Tokyo to Denver woke up on Friday to currency turmoil, plunging share prices and tough decisions after Britain's vote to leave the European Union raised widespread fears over economic growth. In Britain itself, businesses including aerospace, pharmaceuticals and... 

Britain votes to leave EU, Cameron quits

By: Reuters     24th June 2016 Britain has voted to leave the European Union, forcing the resignation of Prime David Cameron and dealing the biggest blow to the European project of greater unity since World War Two. Global financial markets plunged as results from Thursday's referendum showed a near 52% to 48% split for leaving. 

Oil prices dive as Britain votes to leave EU

By: Reuters     24th June 2016 Oil prices slumped by more than 6% on Friday after results of a landmark referendum showed Britain had voted to leave the European Union, causing huge market uncertainty and fracturing European efforts to forge greater unity. Financial markets have been racked for months by worries about what... 

Cape Town doctor aiming to rewrite the sports safety-gear script  

By: Irma Venter     24th June 2016 Fifteen years ago, Dr Chris Leatt witnessed the death of a fellow motorcycle rider a few weeks after his four-year-old son, Matthew, got on a bike and fell in love with the sport. “Alan Selby had fallen at the top of a hill and I travelled up with the paramedic to assist,” says Leatt from his... 

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... 

Cape Town doctor aiming to rewrite the sports safety-gear script

By: Irma Venter     24th June 2016 Fifteen years ago Dr Chris Leatt witnessed the death of a fellow motorcycle rider a few weeks after his four-year-old son, Matthew, got on a bike and fell in love with the sport. “Alan Selby had fallen at the top of a hill and I travelled up with the paramedic to assist,” says Leatt from his home... 

Ensuring relevancy by remaining competitive

By: Sascha Solomons     24th June 2016 Apart from being heavily committed to educating various industries on the benefits of using high-quality branded and approved products, engineering supplies specialist Incledon also strives to remain abreast of the latest trends and developments in the industry by remaining competitive. Incledon... 

List of local suppliers for new passenger trains continues to grow

By: Irma Venter     24th June 2016 The number of local suppliers in the R51-billion contract to produce 600 new passenger trains for the Passenger Rail Agency of South Africa (PRASA) has reached 32. Six trains have been completed and shipped to South Africa to date. These units form part of an order of 20 that are being imported... 

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. 

SA has potential as a global centre of excellence – consultancy

By: Sebastian Whyle     24th June 2016 South Africa has the potential to become a global centre of excellence for consulting engineering services, according to Hatch Africa, Europe and Middle East (AEM) region MD Dr Pierre Olivier.  

Savannah granted permits for Finland lithium projects

By: Anine Kilian     23rd June 2016 Aim-listed Savannah Resources has been granted reservation permits over two new lithium projects, Somero and Eräjärvi, in Finland.     CEO David Archer said that these projects provided the company with access to the lithium market, which, in light of growing demand from the burgeoning battery... 

Austrian chancellor says need fair competition for steel exports

By: Reuters     23rd June 2016 Austrian Chancellor Christian Kern said he had agreed in talks with Germany's Angela Merkel on Thursday that a level playing field was needed for steel exports and that the two had discussed ways of tackling 'dumping' from China. "We discussed how to deal with steel exports given dumping... 

South Africa seen as attractive market amid surging global solar PV deployment

By: Terence Creamer     23rd June 2016 A new study assessing the future role of solar photovoltaics (PV) in the global electricity system suggests that the technology’s installed base could grow to between 1 760 GW and 2 500 GW by 2030 and identifies South Africa as among the most attractive markets for deployment. Solar PV capacity... 

Poland signs poultry deal with SA

By: African News Agency      23rd June 2016 The Polish government has negotiated a health certificate with the South African government, paving the way for the eastern European country to export poultry to South Africa. Poland’s deputy main animal health inspector Krzysztof Jażdżewski concluded the deal with his South African counterparts... 

High Voltage coils – making quality cost effective

     22nd June 2016 For industries operating and maintaining high voltage motors and generators, a cost effective, timely and planned repair schedule is crucial to maintaining productivity. Central to this regime is the use of high quality, precision manufactured stator coils, available through a local and trusted... 

China's Minmetals signs $3bn copper purchase agreement with Poland's KGHM

By: Reuters     22nd June 2016 State-owned metals trader China Minmetals Corp has agreed to buy copper from Poland's KGHM with a total contract value of $3 billion, the Chinese firm said in a posting on its website on Tuesday. The company did not disclose the volume of the contract or how long it would run. 

Russia’s Gazprom and Indian E&P majors seek greater oil and gas collaboration

By: Ajoy K Das     22nd June 2016 Close on heels of India’s ONGC Videsh picking up a $1.26-billion stake in Rosneft’s Vankor oil fields, Indian oil exploration and production (E&P) majors and Russia’s Gazprom were seeking to extend collaborations beyond trading in oil and gas to exploration and production projects. 

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