R/€ = 14.55 Change: -0.10
R/$ = 13.59 Change: -0.04
Au 1208.13 $/oz Change: 4.51
Pt 977.00 $/oz Change: 2.50


Durban port upgrade and expansion project, South Africa

By: Sheila Barradas     20th January 2017 A a significant milestone has been celebrated at the Port of Durban, with the Maydon Wharf precinct having serviced Bright Sky, the first vessel to use the common-user Berth 14 after its reconstruction. 

Holistic business approach advised amid complex cybersecurity risks

By: Schalk Burger     20th January 2017 The cybersecurity risks that businesses face are complex, making them difficult to defend against and requiring technical and managerial responses at all levels of the enterprise, says Kaspersky Lab anti-targeted attack business solution lead Oleg Glebov. The complexity of cyberthreats means that... 

New CEO confirmed for MBSA as former chief heads for Beijing

By: Irma Venter     20th January 2017 German automaker Daimler has announced the appointment of Andreas Engling as the new CEO and manufacturing executive director of Mercedes-Benz South Africa (MBSA).Current CEO, Arno van der Merwe, will start a new chapter in his career as president and CEO of Beijing Benz Automotive (BBAC). Both... 

Egypt on track to receive IMF loan's second tranche

By: Reuters     19th January 2017 Egypt is on track to receive the second tranche of a $12-billion three-year loan from the International Monetary Fund (IMF) pending a visit in the end of February to review progress on its economic reform program, the fund said on Wednesday. The IMF originally approved the loan, intended to... 

Trump threatens German carmakers with 35% US import tariff

By: Reuters     16th January 2017 US President-elect Donald Trump warned German car companies he would impose a border tax of 35% on vehicles imported to the US market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares. In an interview with German newspaper Bild, published on Monday, Trump criticized... 

Toyota Gazoo misses out on podium spot at Dakar 2017

By: Irma Venter     16th January 2017 Winning the gruelling Dakar race has again proved an elusive goal for the Toyota Gazoo Racing team. The team could not secure a podium position in this year’s rather chaotic race, following its third spot last year. 

Sarens Debuts New Jacking Solution for Schierstein Bridge

     13th January 2017 Sarens installed a 120m long, 2.000T bridge segment using new CS1000 jacking system Sarens is excited to announce the debut of the CS1000 jacking system, which was used to install a 2.000T, 120-meter long segment of the new Schierstein Bridge in Germany. Since 1962, the Schierstein Bridge has... 

Geopolitical tensions, other factors to boost gold demand this year

By: Megan van Wyngaardt     13th January 2017 Heightened political and geopolitical risks, currency depreciation, expectations of rising inflation, inflated stock market valuations, long-term Asian growth and the opening of new markets are all expected to positively influence demand for gold and gold’s performance this year, says the World... 

EPA accuses Fiat Chrysler of excess diesel emissions

By: Reuters     13th January 2017 The US Environmental Protection Agency (EPA) on Thursday accused Fiat Chrysler Automobiles of illegally using hidden software to allow excess diesel emissions to go undetected, the result of a probe that stemmed from regulators' investigation of rival Volkswagen. FCA shares plummeted as the... 

An Efficient Approach to Obtain an MID Approval for Measuring Instruments

     11th January 2017 For manufacturers, the time to market for their measuring instruments can be crucial, particularly during massive and time-limited roll-out programs, as are currently taking place for smart meters in several European countries. Typically, a considerable fraction of the time to market for... 

Sports car sales show that SA’s rich still have money to spend

By: Irma Venter     11th January 2017 While new-vehicle sales were down 11.4% in 2016 in a tough-as-nails domestic economy, Ferrari sales grew from 91 units in 2015, to 94 prancing horses finding new homes in 2016. Maserati had an ever better year. South African sales grew from 45 units in 2015, to 113 in 2016. 

Department of Trade and Industry commits to helping local poultry industry

By: African News Agency      10th January 2017 The Department of Trade and Industry (the DTI) on Monday said the South African government had been working with the local poultry producers to address the challenges in the industry as a result of chickens imported from European Union (EU) countries. The DTI was responding to the plea made by... 

WEG announces acquisition of a controlling stake on TGM, a Brazilian manufacturer of turbines and transmissions

     9th January 2017 WEG S.A. announced the acquisition of a controlling stake on TGM Indústria e Comércio de Turbinas e Transmissões Ltda. (“TGM”), a Brazilian manufacturer of turbines and transmissions with headquarters in Sertãozinho, State of São Paulo, Brazil. Founded in 1991, TGM is a leading Brazilian provider... 

European shares ease as miners, banks fall

By: Reuters     29th December 2016 European shares opened slightly lower on Thursday as miners fell and Italian banks and Credit Suisse led banking shares lower. The pan-European STOXX 600 index was down 0.3%. Volumes were subdued during the last few days of the year. 

Uganda solar PV project on track

By: Megan van Wyngaardt     21st December 2016 Multinational independent power producer Building Energy on Wednesday said it could proceed with the construction of the 10 MW Tororo solar photovoltaic project ins Uganda, as it reached financial close with Dutch development bank FMO for $14.7-million. The project’s shareholders will attribute... 

Andrea Nono

By: Martin Zhuwakinyu     16th December 2016 This week we feature Andrea Nono, CEO of MTU South Africa, a company established in 2001 that is responsible for the Rolls-Royce Power System business in over 30 countries in Sub-Saharan Africa   

Gold investment market geared for growth – WGC  

By: Natasha Odendaal     14th December 2016 The global gold bars and coins market has boomed considerably in the past decade, with the investment market well positioned for growth, a new report by the World Gold Council (WGC) shows. The ‘Global investment market: new perspectives on consumer behaviour’ report shows a surge in demand for... 

Gold’s roller-coaster year not over yet – WGC

By: Megan van Wyngaardt     12th December 2016 Marking 2016 a “roller-coaster year”, World Gold Council (WGC) market intelligence head Alistair Hewitt noted that the gold price would finish the year up almost 10% from the start of the year. In July, the gold price breached $1 350/oz, up almost 30% since January, rising at its fastest pace... 

Leuze Celebrates The One Millionth Switching Sensor Of The 46b Series

     12th December 2016 Since its market launch in 2005, the Leuze 46B series generation of sensors has set new standards in optical sensors. Significantly, the one millionth switching sensor of the 46B series was manufactured at the end of 2016. Countapulse Controls is the official southern African distributor for... 

DTI acknowledges poultry stakeholder concerns over imports

By: Anine Kilian     9th December 2016 The Department of Trade and Industry (DTI) has acknowledged concerns raised by South Africa’s poultry industry with regard to the increase in poultry product imports. Through the DTI and the Department of Agriculture, Forestry and Fisheries (DAFF), government has been working with the domestic... 

Nuclear power is the way to go

By: Kelvin Kemm     9th December 2016 If one decides to build a new hospital, one would expect that medical doctors and nurses would have a major say in how the hospital should be laid out. Architects would be involved. But local church groups, the baker and butcher should not be involved. Representatives of the church could make... 

Research ongoing to further develop biogas in South Africa

     9th December 2016 Despite the biogas sector being a well developed industry globally, ongoing research continues to further develop and strengthen the industry in South Africa, highlights the South African Biogas Industry Association (Sabia). The association notes that a variety of biogas applications have been... 

Alternative fuels power more than 5 000 flights

By: Martin Zhuwakinyu     8th December 2016 The global airline industry will have made more than 5 000 commercial flights powered by sustainable alternative fuels by the end of the year, reporters attending the International Air Transport Association’s (Iata's) global media day heard on Thursday. The alternative fuels initiative forms part... 

Air cargo volumes encourage, outperforming weak global trade

By: Martin Zhuwakinyu     8th December 2016 Although the global airfreight business continues to face headwinds from weak global trade, the International Air Transport Association (Iata) says there are encouraging signs that growth in air cargo volumes, which came in at 8.2% year‐on‐year in October, will endure into the new year. This was... 

Boardroom shuffle sees Merc SA’s Van der Merwe head to China 

By: Irma Venter     6th December 2016 German automaker Daimler has announced the appointment of Andreas Engling as the new CEO and manufacturing executive director of Mercedes-Benz South Africa (MBSA). Current CEO, Arno van der Merwe, will start a new chapter in his career as president and CEO of Beijing Benz Automotive (BBAC). 

AUMUND India celebrates 20 Years of successful business Chennai, November 2016

     5th December 2016 When AUMUND India opened up 20 years ago in Chennai it was a small sales organisation of only 6 people. But since then it has grown and developed to such an extent that it now includes engineering, software development, manufacturing, and exports of engineering services and components among its... 

Air Seychelles opens direct route to Durban

By: Anine Kilian     2nd December 2016 Air Seychelles has established a new direct route to Durban, in KwaZulu-Natal set to open on March 30, 2017. Travellers can already buy tickets with round-trip economy class fares starting from R5 000 and business class fares starting from R15 000. 

86 MW Northern Cape solar photovoltaic plant connected to national grid

By: Dylan Slater     2nd December 2016 Developed on a remote site 50 km south-west of Prieska in the Northern Cape, the 86 MW Mulilo-Sonnedix-Prieska photovoltaic (PV) project was connected to the national grid in October, thereby finalising the project on schedule, on budget and reaching full grid code compliance in good time for... 

Ekurhuleni excited to activate Aerotropolis project as part of wider 5-year plan  

     2nd December 2016 Ekurhuleni metropolitan municipality is excited to finally acquire a comprehensive plan for the much anticipated Aerotropolis project announced two years ago. The Aerotropolis project is one of the important projects the city is spearheading, amongst others it has unveiled as part of its... 

It don’t matter if you’re black or white

By: Riaan de Lange     2nd December 2016 No, it don’t matter - rather, grammatically it doesn’t matter. It’s not supposed too, but then, in South Africa’s instance it does. Unfortunately, it does. It has been for living memory, and there is no indication that this would not be the case in the foreseeable future. It might not have... 

Kriegers Flak offshore wind farms project, Denmark

By: Sheila Barradas     2nd December 2016 The project will be Denmark’s largest offshore wind farm. 

Monet submarine cable network project, Brazil and the US

By: Sheila Barradas     2nd December 2016 The Monet project comprises a 10 500-km-long fibre-optic cable, which stretches from Brazil to the US. 

MMK’s environmental management system passes international audit

     1st December 2016 OJSC Magnitogorsk Iron and Steel Works announces that it is now one of the first companies in Russia to have its environmental management system (EMS) certified in line with the new version of the ISO 14001:2015 International Standard. This audit was carried out by TÜV NORD CERT (Germany), a... 

Aveng nears completion on Sasol Place

By: Megan van Wyngaardt     28th November 2016 Aveng Grinaker-LTA is nearing the completion of Sasol’s new global headquarters, Sasol Place, in Sandton. The building is designed in an S-shape, which links the core of the building with two atriums and represents the linked particles of the Sasol logo. The internal structure of the building is... 

Focus set on filtration adhesive products

     25th November 2016 Adhesive technologies provider Henkel exhibited its latest adhesive products for the filtration industry at this year’s Filtech – the world’s largest filtration event, which was held from October 11 to 13 in Cologne, in Germany. 

German drive engineering group to expand activities in South Africa

By: Keith Campbell     25th November 2016 German drive engineering group SEW Eurodrive is planning to expand its assembly capacity in South Africa. The company operates 15 manufacturing plants in Germany, France, Brazil, the US and China, which ship components to assembly plants in 75 countries, including South Africa. “We invest in all... 

It’s the end of the world as we know it, and I feel fine

By: Riaan de Lange     25th November 2016 And I feel fine. These are the recurring lyric of the American rock band REM's song, which are an apt encapsulation of my feelings in the aftermath of what has been called Brexit  Part II, the seemingly unanticipated results of the US Presidential election. A few days since the election, on the... 

Reverse pocket filter coming to South Africa

By: Robyn Wilkinson     25th November 2016 After extensive trials in Europe, with very successful results, air and liquid filtration solutions provider Freudenberg Filtration Technologies’ HydroMaxx reverse pocket filter will become available in South Africa next month. 

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