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Bombardier opens new propulsion equipment production site in Isando 

By: Megan van Wyngaardt     Updated 2 hours 24 minutes ago Rail technology provider Bombardier Transportation on Thursday inaugurated a new 6 000 m2 production site and headquarters in Isando. The facility will produce Bombardier Mitrac high-power propulsion equipment for use in the Transnet locomotives project, for which Bombardier is delivering 240... 

Bidcorp achieves FY profit increase

By: Anine Kilian     24th August 2016 JSE-listed Bidcorp reported a 32.5% year-on-year increase in its headline earnings a share to R10.80, while basic earnings a share increased by 26.1% year-on-year to R10.34 for the year ended June 30. The company, which was spun out of Bidvest and listed on the JSE in May, announced a 20.8%... 

VW, suppliers settle dispute after marathon talks

By: Reuters     23rd August 2016 Volkswagen and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal. After more than 20 hours of negotiations that went on through the night,... 

Old rings are treasure as gold rally revives scrap recycling

By: Bloomberg     23rd August 2016 The surprising rebound in gold prices this year has given new life to unwanted jewelry, coins and trinkets – in the melting pot. More than a third of the world’s bullion supply usually comes from recycled metal, but purchases at pawn shops and cash-for-gold companies had slowed during a... 

VW says six German plants hit by supplier dispute

By: Reuters     22nd August 2016 Volkswagen said it faced production delays at more than half its German plants because of a row with two suppliers that analysts estimate may cost the carmaker tens of millions of euros. About 28,000 workers at six of Volkswagen's (VW) ten German factories were affected after the carmarker halted... 

Vast Resources’ CFO to step down

By: Megan van Wyngaardt     19th August 2016 Aim-listed Vast Resources is in advanced discussions with a figure who will succeed Graham Briggs as nonexecutive director. Once the new appointment is made, Briggs will assume the role of CE of Vast's Zimbabwe operations. 

Uber mulls new South African services as it expands African footprint 

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

VW to cut hours for 10 000 workers in Wolfsburg amid supplier row

By: Reuters     19th August 2016 Volkswagen will cut working hours for more than 10 000 staff at its Wolfsburg base and reduce output at two more German sites, a source close to the company said, as the carmaker faces supply problems caused by a parts maker not keeping to delivery commitments. Europe's largest automaker had said... 

Brief history of 15th ICG, the first to be hosted in Africa

By: Jade Davenport     19th August 2016 The City of Cape Town is set to host the thirty-fifth International Geological Congress, the most prestigious of geoscientific conferences held every four years, between August 27 and September 4. While it is certainly an exciting occasion for South Africa, it is interesting to note that the... 

China’s Silk Road revival plan could touch 4.4m people

By: Bloomberg     19th August 2016 China's ambition to revive an ancient trading route stretching from Asia to Europe could leave an economic legacy bigger than the Marshall Plan or the European Union’s (EU’s) enlargement, according to a new analysis. Dubbed 'One Belt, One Road’, the plan to build rail, highways and ports will... 

Electric drives delivered for truck and bus systems

     19th August 2016 Germany-based manufacturing company ZF offer all-electric drive solutions for urban vehicles with limited range, and hybrid technologies for long distance transport applications where combustion engines continue to be indispensable in the long term. Its newest development is an all-electric... 

Randhir Haripersad

     19th August 2016 This week we feature Randhir Haripersad, GM for Africa at Goscor Rental, an international brands dealer 

Tussling over islands

By: Riaan de Lange     19th August 2016 One of my first memories when I first came to Pretoria many years ago is that of Fook Island. I recall that my cousin’s boyfriend stayed in a commune just off Atterbury road and, just up the road from the commune, at the corner of Mackenzie street and 20th street, was a house with extracts of the... 

Uber mulls new South African services as it expands African footprint

By: Irma Venter     19th August 2016 There is “huge scope” for Uber to grow in South Africa, says Uber sub-Saharan Africa GM Alon Lits. “My wife and I have one car. I Uber to work every morning and I always drive past all of these cars in traffic with single occupants. I want each and every one of these drivers to switch to Uber.” 

Metair’s auto parts business struggles; no immediate fears over failed Turkey coup

By: Irma Venter     18th August 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%... 

Three-decade iron-ore veteran says 2017 to bring challenges

By: Bloomberg     18th August 2016 Iron-ore strayed well off-script in 2016 as a rally surprised the bears. Michael Zhu, former global sales director at Vale SA, says the commodity will probably face a tough year in 2017 as supply keeps on expanding while China’s steelmakers struggle to sustain output at current levels. “I’m not... 

Top steel firms' debt level totals record $150bn – EY

By: Reuters     18th August 2016 Debt in the world's top 30 steel companies totals a record $150-billion, international accountancy firm EY said on Thursday, adding governments' action to support the sector would work only if matched with more radical industry restructuring. Overcapacity and weak steel prices have piled pressure... 

Poland's KGHM H1 net below forecasts on foreign asset losses

By: Reuters     17th August 2016 Poland's KGHM on Wednesday reported a bigger-than-expected fall in net profit in the first half of 2016 on the back of losses on its foreign assets, driven by rising costs and falling copper prices. The State-run miner, which is Europe's No 2 copper producer, reported a 75% fall in its... 

BHP’s potash mine may be mothballed after $2.6bn spent

By: Bloomberg     17th August 2016 BHP Billiton, the world’s biggest mining company, may end up mothballing its Canadian potash project by the end of this decade after completing two shafts at a cost of about $2.6 billion. The shafts at the giant potash deposit in Saskatchewan are now at a depth of about 600 meters (1 970 feet),... 

Barloworld celebrates 75 years on JSE

By: Megan van Wyngaardt     16th August 2016 Industrial brand management company Barloworld on Tuesday celebrated its seventy-fifth year on the Johannesburg Stock Exchange (JSE), and is one of only nine companies to have achieved this. CEO Clive Thomson told Engineering News Online on the sidelines of the 75-year celebration that the... 

Sub-Saharan Africa must preserve innovation momentum – index

By: Megan van Wyngaardt     15th August 2016 The Global Innovation Index (GII) has ranked Mauritius as the most innovative economy in sub-Saharan Africa, above South Africa. Overall, however, the two countries placed fifty-third and fifty-fourth, with Switzerland in first place for a sixth consecutive year. The GII, published by Cornell... 

VW gets approval for another 460 000 diesel-car fixes

By: Reuters     15th August 2016 Volkswagen has won German regulatory approval for technical fixes on another 460 000 diesel cars with illicit emissions control software, it said on Sunday, raising the number of vehicles cleared for repair to over 5 million. Approval by Germany's motor vehicle authority KBA is valid for... 

Autonomous city buses put through real-life paces in Amsterdam

By: Irma Venter     12th August 2016 Daimler Buses’ Mercedes-Benz Future Bus with CityPilot in July drive autonomously for the first time on a route of around 20 km in Amsterdam, on a section of the longest bus rapid transit (BRT) line in Europe, connecting Amsterdam’s Schiphol Airport with the city of Haarlem. Daimler Buses says it... 

Reflections on technological change

By: Terry Mackenzie-hoy     12th August 2016 I believe that all technologies go through a cycle. Henry Ford once said: “If I’d asked people what they wanted, they would have said faster horses”. But even as we read quotes from famous motor vehicle manufacturers, it is obvious that the motor vehicle, as in 'car', is on its way to... 

Wacker Neuson cautious for H2 despite of a strong second quarter

     11th August 2016 In the second quarter of 2016, leading international light and compact equipment manufacturer the Wacker Neuson Group almost equaled its record revenue from the prior-year quarter. In light of increased market uncertainties and volatility for H2, the Group revised its forecast for 2016. Revenue... 

Lobby to reduce truck blind spots gathers speed

By: Irma Venter     11th August 2016 A research study by the Loughborough Design School, part of Loughborough University, in the UK, shows that some delivery trucks have single blind spots of up to 1.9 m, while the best-in-class trucks have virtually none. The study found a big difference in the direct vision – what drivers can see... 

Atrum to get its foot in the door with anthracite deal

By: Megan van Wyngaardt     11th August 2016 ASX-listed Atrum Coal has secured the supply of up to 100 000 t of anthracite though an option agreement with Atlantic Carbon Group (ACG) to its target customers in Europe, South America and Asia. The two parties will share profits generated by the sale of anthracite on a 50:50 basis, with the... 

World gold demand spurred by uptick in investments – WGC

By: Megan van Wyngaardt     11th August 2016 Investment in gold has been the largest component of gold demand for two consecutive quarters – the first time this has ever happened, the World Gold Council (WGC) said on Thursday. The WGC’s latest Gold Demand Trends report shows that global gold demand reached 2 335 t in the first half of this... 

R105m fine for abuse serves SAA right – former Nationwide MD 

By: News24Wire      10th August 2016 South African Airlines (SAA) "tried all the tricks in the book", but the law has finally prevailed and it "serves them right", Vernon Bricknell former owner and MD of Nationwide Airlines, told Fin24 on Wednesday. Although he is disappointed that the South Gauteng High Court did not award the full... 

China July iron-ore imports hit 2016 high, steel exports ease-customs

By: Reuters     8th August 2016 Chinese iron-ore imports rose 8.3% in July from the previous month to hit its second-highest on record, customs data showed on Monday, as underlying demand for the raw material in the world's top buyer remained strong. Shipment climbed to 88.4-million tonnes in July, the highest since December... 

ICTSI Gen. Santos is Investors in People’s Gold Employer of the Year

     5th August 2016 South Cotabato Integrated Port Services, Inc. was recently awarded the Gold Employer of the Year Award (International) at the annual Investors in People Awards 2016 at the Old Billingsgate Market in London. Joel Laureto, SCIPSI Billing superintendent; His Excellency Evan Garcia, Philippine... 

Multimillion Rand Africa Projects Offer Huge Potential For SA Stainless Steel Supply

     5th August 2016 Strategic trips by the Southern Africa Stainless Steel Development Association (sassda) to Tanzania, Senegal and Mozambique as part of the dti’s Export Marketing and Investment Assistance Scheme (EMIA) have yielded a number of exciting, ‘new market’ opportunities for local companies wishing to... 

Energy poverty unemployment and growth 

     5th August 2016 The recent discussion about energy and electricity is one of the most important debates South Africa can have.   One of the fundamental objective of South Africa is the necessity to address urgently inequality unemployment and poverty and this objective cannot be achieved by redistribution of... 

Adoption of railway telecoms systems boosting regional rail – Huawei

By: Schalk Burger     5th August 2016 The adoption of modern railway telecommunications systems is boosting the efficiencies of railways in the Southern African region, says Huawei Global Transport Solutions business development director Norman Frisch. The use of well-established GSM-R (2G for railway) systems as well as versatile... 

Blast furnaces set new records

     5th August 2016 Russia-based steel producer and metals company OJSC Magnitogorsk Iron and Steel Works’ (MMK’s) largest blast furnaces set new records for monthly volumes of pig iron. The company’s blast furnace no. 9 produced 157 490 t of pig iron in April, beating its previous monthly record of 153 526 t, set... 

Can Europe survive without Britain?

By: Saliem Fakir     5th August 2016 The European project has been long in the making, starting with the formation of the European Coal and Steel Community (ECSC), which involved France, Germany, England and others and formally came into being in 1951 with the signing of the Treaty of Paris. Luminaries of the pan-European idea, such... 

Global defence aviation market predicted to expand, but competition to rise too

By: Keith Campbell     5th August 2016 European aerospace and defence company Airbus Defence and Space (Airbus DS) expects the global defence market to grow at an annual average rate of 2.4% between now and 2020. Currently, total global defence expenditure is estimated at about €400-billion. In terms of regions, defence spending in... 

Mondi reports solid H1 earnings, despite difficult trading environment

By: Megan van Wyngaardt     4th August 2016 International packaging and paper group Mondi’s underlying earnings a share improved to 75c apiece for the six months ended June 30, up from 67.8c in the six months to June 2015. Its profit after tax increased from €313-million in the six months to June 2015, to €390-million in the period under... 

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