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Belgium trade and investment agency signs Mou with DTI unit

By: David Oliveira     29th July 2016 Belgium-based Wallonia Export-Investment Agency (Awex) signed a memorandum of understanding (MoU) with the Department of Trade and Industry’s (DTI’s) investment promotion agency InvestSA initiative last month. InvestSA provides a number of services for investors, including facilitation of the... 

The danger of an underdog becoming a top dog

By: Riaan de Lange     29th July 2016 Nestled on the southern part of the Iberian Peninsula, but not quite at its tip, is a country – a British overseas territory or self-governing territory; well, not according to the United Nations, but that is a story for another day. Some call it an island, which it was not so long ago, but the... 

As consortium leader, SMS group supplies turnkey production plant for the manufacture of railroad wheels to RINL

     28th July 2016 Indian steel producer Rashtriya Ispat Nigam Limited  has placed an order with SMS group (www.sms-group.com) to supply a plant for the manufacture of railroad wheels. From the fall of 2018, RINL will start production in the new factory in the Northern Indian province of Uttar Pradesh. SMS group... 

Mozambique closes in on huge gas deal after years of delays

By: Reuters     25th July 2016 Mozambique's long-delayed offshore gas project with Italy's Eni could be approved within months, sources close to the deal said, sparking investments with the potential to transform one of the world's poorest countries into a major energy player. Mozambique made one of the world's biggest gas... 

First equipment delivered for Kazchrome Aksu ferroalloys plant renovation and upgrade

     25th July 2016 Tenova Pyromet announced today it has delivered the first equipment to Kazchrome's Aksu ferroalloys plant in Kazakhstan as part of a contract awarded in July 2014 for the renovation and upgrade of shop 6.  Tenova Pyromet is on target to deliver all the equipment by September 2016, with... 

Black Rock marketing graphite to new markets

By: Megan van Wyngaardt     22nd July 2016 Tanzania-focused graphite company Black Rock Mining has stepped up its offtake marketing activities, engaging potential offtake partners and presenting the company’s value proposition as a secure and reliable alternative source of high purity graphite for various applications. Marketing manager... 

MeerKAT telescope project, South Africa

By: Mariaan Webb     22nd July 2016 The MeerKAT First Light image has been released, shedding light on more than 1 300 galaxies in the universe. 

Uranium is the dirty underbelly of nuclear – scientist

By: News24Wire      21st July 2016 Antinuclear sentiment tends to focus on nuclear waste or operational risks, but more focus should be on the “dirty underbelly” of uranium mining, according to a science adviser. “Whenever people get excited about nuclear power stations, they kind of forget where the actual uranium comes from,” Dr... 

Datatec sees boost in gross margins, despite tough economy

By: Megan van Wyngaardt     20th July 2016 Dual-listed information and communications technology group Datatec on Wednesday reported that its gross margins for the quarter ended June 30 were 13.8%, up from 12.8% in the comparable period of 2015. The group described the quarter as “a sound trading start to the year”, despite tough global... 

Three US states sue Volkswagen, say executives covered up diesel cheating

By: Reuters     20th July 2016 Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on US diesel emissions tests for years, three US states charged on Tuesday in civil lawsuits against the company. New York, Massachusetts and Maryland filed separate,... 

Stocks dip on earnings and growth worries; dollar rises

By: Reuters     19th July 2016 The recent rally in global equity prices faltered on Tuesday as investors pondered some disappointing earnings reports and signs that Britain's decision to leave the EU could hurt other economies, while the US dollar climbed to a four-month high. Prices for US Treasury debt, considered a... 

Talga launches graphene product line

By: Megan van Wyngaardt     19th July 2016 Advanced materials company Talga Resources is seeking to unlock early commercialisation opportunities from its pilot plant facility in Germany by manufacturing targeted fit-for-purpose graphene products. Through four specific graphene products, including coatings, polymer composites, building... 

Misinvoicing causing countries to lose up to 67% export earnings – UN

By: Anine Kilian     18th July 2016 Some commodity-dependent developing countries are losing as much as 67% of their exports, worth billions of dollars, to trade misinvoicing, according to a new study by the United Nations Conference on Trade and Development (Unctad). Trade misinvoicing is thought to be one of the largest drivers... 

E-commerce a $22tn market of opportunities – Unctad

By: Natasha Odendaal     18th July 2016 The United Nations Conference on Trade and Development (Unctad) has unveiled a new electronic commerce (e-commerce) initiative to assist emerging economies in leveraging the rapidly growing $22.1-trillion market. The global e-commerce market has increased 38% since 2013, with business-to-business... 

The Brexit fear: Was it overdone?

     18th July 2016 Various global and domestic real economic activity data gave financial markets last week a welcome boost. On the heal of the favourable USA job data the previous Friday, better than expected company earnings in the USA, and good growth prospects for China turned market sentiment to the good. The... 

US, China clash over market economy status at WTO

By: Reuters     15th July 2016 The US warned China on Thursday that it had not done enough to qualify for market economy status, especially in steel and aluminium, sowing the seeds for a trade battle between Washington and Beijing at the end of 2016. Upon China's admission to the WTO in 2001, it was told by other members that... 

European coatings show ready for 2017

     15th July 2016 Preparations for the next European Coatings Show in Germany are already under way and will take place from April 4 to 6, next year. Engineers, developers and decision-makers will once again find an unrivalled range of raw materials and laboratory, production, testing and measuring technology for... 

Fehmarnbelt link project, between Denmark and Germany

By: Sheila Barradas     15th July 2016 The project will be an 18-km-long immersed tunnel.  

Interbuild Africa 2016 targets small and medium-sized building contractors

By: Mia Breytenbach     15th July 2016 The 2016 Interbuild Africa, Africa’s largest building, building services and construction exhibition, will predominantly target the small and medium-sized building contractor companies, as this market remains fairly resilient, says event organiser Specialised Exhibitions Montgomery portfolio... 

International interest in small SA firm’s inspection robot

By: Keith Campbell     15th July 2016 Barely launched on to the market, a South African designed and developed inspection robot has already won local orders and attracted international interest, with potential overseas clients set to come to this country to examine it. The machine is the Ryonic Modular Inspection System, or RMIS,... 

New leadership for project management company

     15th July 2016 Effective from May, project management consulting and training firm Project Management Solutions (PM Solutions), which is dedicated to helping organisations drive performance and operational efficiency, appointed project management professional (PMP) Dr Al Zeitoun as president of PM Solutions. 

New technology for NDT technicians in South Africa

By: Simon Sonnekus     15th July 2016 South African non-destructive testing (NDT) technicians can possibly look forward to the global influx of new technology, following the completion of the nineteenth World Conference on NDT held in Munich, Germany, last month. According to South African Institute of Non-Destructive Testing... 

Training - the essential ‘tool’ to ensure customers get the latest technical expertise from Elquip Solutions

     14th July 2016 While being able to access quality tools and equipment is a major advantage, expertise in their use is also essential. To ensure that its customers get exactly that, Elquip Solutions' Internal Sales Engineer Daniel Cox recently attended key training by two of the company’s international... 

Copper outlook dim as macroeconomic challenges loom

By: Henry Lazenby     14th July 2016 The copper price is set to dip during the second half of the year, as poor producer discipline, higher output and lower Chinese demand growth combine for a fifth consecutive year of price decline in 2016, according to a new report by market analysts at Thomson Reuters GFMS. Analysts expected... 

StrikoWestofen expands its portfolio

     13th July 2016 New business unit: as of immediately, the StrikoWestofen Group (Gummersbach, Germany) also offers its customers systems and product carriers for the heat treatment of cast aluminium parts – in particular cast structural parts. This is made possible by the recent takeover of the employees of... 

Lamborghini shrugs off economic gloom with record sales

By: Irma Venter     13th July 2016 Amid gloomy global economic conditions, performance car manufacturer Lamborghini has increased worldwide sales to 2 013 units in the first six months of 2016, up 7% compared with the same period last year. June was a new record month for the Volkswagen company, with 416 cars delivered to... 

Q1 GDP data 'low point', deputy SARB governor says

By: Reuters     8th July 2016 South Africa's report on its first-quarter gross domestic product, which showed Africa's most industrialised economy contracted by 1.2%, represents the "low point" and "a slow upward trend is expected going forward," a deputy South African Reserve Bank (SARB) governor said on Thursday. Daniel... 

Event costs deter local companies

By: Robyn Wilkinson     8th July 2016 The lack of emphasis on local innovation seems to be reflected in the pricing scheme of the Power-Gen Africa event, which favours international currencies more than the local one, says solar solutions provider Microcare Solar Components marketing manager Gareth Burley. 

New pumps launched at trade fair

     8th July 2016 Global vacuum technology supplier Pfeiffer Vacuum introduced its new turbo pumps and diaphragm pumps at the Analytica trade show in Munich, Germany from May 10 to 13. With a pumping speed of 32 ℓ/s Pfeiffer Vacuum notes that the HiPace 30 is currently the most powerful turbo pump of this size on... 

Oil-free compressed air solutions viable for surface finishing industry

     8th July 2016 Industrial and craft firms in the surface technology sector require premium quality and highly pure, oil-free compressed air for their production processes, says compressed air specialists Boge Kompressoren. Owing to this, Boge Kompressoren showcased its highly efficient system solutions for... 

Rotary vane reduces energy consumption

     8th July 2016 Vacuum pumps, blowers and compressors manufacturer Busch Vacuum Pumps and Systems presented its new series of energy saving rotary vane vacuum pumps, for the first time at the IFFA exhibition in Frankfurt, Germany in May. The new pumps are designed specifically for fast packaging cycles and for... 

Parker Hannifin acquires Jäger Automobil-Technik

     7th July 2016 Parker Hannifin Corporation, the global leader in motion and control technologies, has announced the acquisition of Jäger Automobil Technik GmbH effective July 1, 2016. The company is part of the Arnold Jäger Holding and will be integrated into the Parker Engineered Materials Group. The Jäger... 

Parker Hannifin acquires Jäger Automobil-Technik

     7th July 2016 Bietigheim-Bissingen, Germany, 1. July 2016, - Parker Hannifin Corporation, the global leader in motion and control technologies, has announced the acquisition of Jäger Automobil Technik GmbH effective July 1, 2016. The company is part of the Arnold Jäger Holding and will be integrated into the... 

Coal woes don’t deter German bet on first Polish mine since ’70s

By: Bloomberg     5th July 2016 A German coal trader is unfazed by decade-low coal prices that pushed producers into bankruptcy as it seeks to open Poland’s first mine in four decades. HMS Bergbau AG plans to invest more than 100-million euros ($111-million) to begin output from a mine in southern Poland by 2018, Dennis... 

Zuma leads delegation to France to promote trade

By: Anine Kilian     4th July 2016 President Jacob Zuma will lead South African Ministers and a business delegation on an official State visit to France from July 11 to 12. The key objective for the visit would be to promote South Africa’s exports and to attract investment in the automotive, ship-building, aquaculture and energy... 

KACO new energy welcomes new UK North and Northern Ireland Area Sales Manager.

     1st July 2016 The German inverter specialist KACO new energy has promoted Carl Cook to new Area Sales Manager. He is responsible for the North of the UK and Northern Ireland Sales and Marketing Division with immediate effect. KACO new energy, one of the leading global PV inverter manufacturers, has appointed a... 

Premier advances exploration at Zim lithium project

By: Anine Kilian     1st July 2016 Initial test results of samples recovered from Aim-listed Premier African Minerals’ Zulu lithium and tantalum project, in Fort Rixon, Zimbabwe, have yielded grades of 1.55% lithium oxide (Li2O) taken from the exploration adit  and 1.23% Li2O in a petalite ore sample. Premier undertook a mini bulk... 

Sapvia, German solar association formalise PV cooperation

By: Creamer Media Reporter      1st July 2016 The South African Photovoltaic Industry Association (Sapvia) and German solar association Bundesverband Solarwirtschaft (BSW-Solar) have teamed up to support the development of the nascent rooftop photovoltaic (PV) market segment in South Africa. The agreement, formally signed in Munich, would... 

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