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Mondi says completes acquisition of Egypt's NPP in Egypt

By: African News Agency      Updated 4 hours ago Paper and packing company Mondi said late on Wednesday it had completed the acquisition of Egypt's National Company for Paper Products (NPP) for the equivalent of €24-million on a debt and cash free basis. NPP, which operates an industrial bags plant in Giza near Cairo, will be integrated into... 

Rio-Carb commissions academic research into the future of SA mining

20th June 2018 Mr. Martin Maine, Managing Director of Rio-Carb of Alrode, a chromium carbide (CrC) wear-solutions provider, has identified a gap in the mining sector in the form of a lack of local beneficiation in the second-tier supply chain in the South African mining industry. Failure to galvanise foreign... 

MTN Hosts First Ever Global Y’ello Career Day For Youth On The Future Of Work

18th June 2018 MTN will host a Global Y’ello Career Day across 21 of its operations on Thursday, 21 June 2018. This is a first in the company’s history. The Y’ello Career Day is part of the 21 Days of Y’ello Care programme, which kicked off on 1 June 2018 across MTN’s 24-country footprint.  Felleng Sekha, Group... 

Company invests in new petrochemicals complex

15th June 2018 Petroleum industry company Qatar Petroleum plans to build a “world-scale” petrochemicals complex that will include the Middle East's largest ethane cracker, according to Qatar Petroleum president and CEO Saad Sherida Al-Kaabi. Qatar Petroleum has invited a group of leading international... 

Nissan announces expansion plans in Africa, Middle East & India

14th June 2018 Nissan Motor Co., Ltd. unveiled a major expansion strategy in the Africa, the Middle East and India region today as part of the company’s six-year midterm plan, Nissan M.O.V.E. to 2022. Nissan aims to build on its strengths in markets including South Africa, India, the United Arab Emirates, Egypt... 

DAF named International Truck of the Year 2018

14th June 2018 Babcock’s commitment to delivering to the highest standards was again highlighted recently when, amidst stiff competition, DAF Trucks was awarded the prestigious International Truck of the Year 2018 accolade for its new XF and CF series. Named as making the greatest contribution to road transport... 

Nissan announces Africa, Middle East and India expansion plans

By: Nadine James     13th June 2018 Nissan on Wednesday unveiled a major expansion strategy in the Africa, the Middle East and India region as part of the company’s six-year midterm plan. The automotive manufacturer aims to build on its strengths and “solid profit margins” in markets including South Africa, India, the United Arab... 

Case IH donates machinery and training to strengthen the sustainability of Ghanaian agriculture

12th June 2018 Development Partnership will encourage and train future farmers at one of the country’s five agricultural colleges St. Valentin Case IH is supporting Damongo Agricultural College in the Northern Region of Ghana as part of a programme designed to train students. The global agricultural equipment... 

Optimising the supply chain: delivering value for all

8th June 2018 By Rodney Francis and Helen Lane Last-mile solutions (LMS), a key aspect of modern supply-chain management is gaining in relevance, while also changing and expanding its meaning, as the FMCG industry continues to evolve, placing ever-greater importance on sustainability, digital solutions and... 

Optimising the supply chain: delivering value for all

8th June 2018 By Rodney Francis and Helen Lane  Last-mile solutions (LMS), a key aspect of modern supply-chain management is gaining in relevance, while also changing and expanding its meaning, as the FMCG industry continues to evolve, placing ever-greater importance on sustainability, digital solutions and... 

Sibanye-Stillwater receives recognition for Stillwater acquisition

By: Marleny Arnoldi     8th June 2018 Precious metals miner Sibanye-Stillwater has received the ‘Global Resources and Commodities Mergers & Acquisitions Deal of the Year’ award under the large-capital segment at the tenth yearly M&A Atlas Awards gala function, for its $2.2-billion acquisition of Stillwater Mining in mid-2017.  

African airlines switching to more economical regional jets

By: Rebecca Campbell     8th June 2018 Regional airliner manufacturers are seeing a major adjustment in African airline markets as airlines "right-size" their fleets, adopting more economical, regional types (especially regional jets). This was made clear at the recent 27th African Aviation Summit (Air Finance Africa) by... 

Hatch raises the bar with Level 2 B-BBEE rating

6th June 2018 Global multidisciplinary management, engineering, and development consultancy Hatch has achieved a Level 2 Broad-Based Black Economic Empowerment (B-BBEE) rating. Hatch began its transformation journey in 2001, well before the B-BBEE legislation was put into place. Since then, the company has... 

AgriProtein aims to break ground on R500m Gauteng fly factory in November

By: Irma Venter     6th June 2018 Waste-to-nutrient group AgriProtein aims to break ground on its second South African fly factory in November. AgriProtein rears fly larvae on organic waste and harvests the larvae to make natural, high-protein animal and fish feed products. 

Datatec optimistic about full Westcon turnaround within two years

By: Natasha Odendaal     1st June 2018 International information and communications technology company Datatec expects its embattled Westcon International portfolio to return to profitability within the next year, with a full turnaround emerging within two years. Datatec, which recently disposed of its businesses in North America and... 

Sharp launches new trade hub in Johannesburg

By: Natasha Odendaal     1st June 2018 Global electronics giant Sharp has opened a new business subsidiary and experience centre in Boksburg, Gauteng, in an effort to avail its entire product range – and increase its brand presence – to the Southern African region. Previously leveraging the capacity of legacy third-party distribution... 

SustainPower brings the heat (and power) at African Utility Week 2018

31st May 2018 SustainPower was present en masse at African Utility Week 2018. Says Tobias Hobbach, SustainPower MD, “This year saw many promising encounters take place at our stand. As a relative newcomer in the gas-to-power industry, we are proving to be a disruptive gas-to-power solution provider in Africa.” 

African Construction & Totally Concrete Expo announce grand return in 2019

31st May 2018 South Africa’s only multidisciplinary built environment show seals outstanding edition in 2018, and announces further growth as part of The Big 5, one of the world’s largest construction events. Hosting over 8 000 professionals from 44 countries, the 6th edition of the African Construction &... 

African Construction & Totally Concrete Expo Announce Grand Return In 2019

31st May 2018 South Africa’s only multidisciplinary built environment show seals outstanding edition in 2018, and announces further growth as part of The Big 5, one of the world’s largest construction events. Hosting over 8,000 professionals from 44 countries, the 6th edition of the African Construction &... 

Corruption, healthcare and blockchain on the agenda at Supply Chain conference

30th May 2018 Africa’s leading knowledge sharing and networking event for supply chain professionals kicks off in Cape Town on 10 June. With supply chain issues increasingly in the spotlight in South Africa - from the education department’s alleged oversupply of sanitary towels in schools, to the Estina Dairy... 

Gender inequality in earnings hampers human capital wealth, economy – World Bank Group

By: Marleny Arnoldi     30th May 2018 Globally, countries are losing $160-trillion in wealth because of differences in lifetime earnings between women and men, says World Bank Group.  

ExecuJet Nigeria bolsters services for West Africa with Izy Air alliance

By: Simone Liedtke     29th May 2018 International business aviation company ExecuJet, which is part of the Luxaviation Group, on Tuesday announced a strategic alliance for maintenance services between its Lagos-based maintenance, repair and overhaul (MRO) facility and Nigeria-based Izy Air. This forms part of ExecuJet’s ongoing... 

Case IH’s new 2000 Series planter makes its first appearance at Nampo 2018 following successful S African field tests

28th May 2018 High levels of interest in new planter with Early Riser® system for faster germination 

DRA consolidates West African footprint with Sierra Leone EPC project

By: Anine Kilian     28th May 2018 Global engineering firm DRA has secured a contract with Iluka Resources subsidiary Sierra Rutile for the expansion of its mineral sands operations in the Bonthe district of Sierra Leone. Sierra Rutile’s Gangama plant, which was originally built by DRA in 2016, will double its capacity to between... 

Hatch recognised for contribution to equity and skills development at inaugural ABSA Business Day Supplier Development Awards

25th May 2018 Hatch won two awards at the inaugural ABSA Business Day Supplier Development Awards, which celebrates organisations that are building a more inclusive South African economy through innovative and meaningful supplier development initiatives. The awards were announced at an event on Wednesday 23... 

African airlines switching to more economical regional airliners

By: Rebecca Campbell     25th May 2018 Regional airliner manufacturers are seeing a major adjustment in African airline markets as airlines "right-size" their fleets, adopting more economical, regional types (especially regional jets). This was made clear at the twenty-seventh African Aviation Summit (Air Finance Africa) on Thursday... 

New company focuses on sustainability

By: Paige Müller     25th May 2018 Wadeville-based perlite and vermiculite manufacturer and distributor, Sun Silicates, has established a sister company, CemteQ Building Solutions, which specialises in developing value-add products for the building and construction industries. CemteQ Building Solutions has been established to... 

Despite somewhat dismal FY18 performance, Famous Brands remains cautiously optimistic

By: Simone Liedtke     24th May 2018 Despite a somewhat dismal performance by some of its operations in the financial year ended February 28, branded food services franchisor Famous Brands remains cautiously optimistic about the South African and African landscape, while feeling reserved about its UK operations. This follows... 

Hilton hotels to cut down on plastic waste

By: Anine Kilian     23rd May 2018 The Hilton hotel group will remove plastic straws and plastic water bottles from its 650 managed properties by the end of this year. The company on Wednesday revealed its goal of cutting its global environmental impact in half by 2030. 

Congo’s Ebola Outbreak Highlights Dire Need To Improve Healthcare Supply Chains, Says Professional Body

22nd May 2018 The vaccine distribution challenges being faced by role players currently racing to prevent an Ebola epidemic in the Congo highlight the increasingly critical need for improvements in Africa’s healthcare supply chains, according to Mungo Park, president of SAPICS – the Professional Body for... 

Murray & Roberts Announces The Potential Combination With Aveng Limited

18th May 2018 Murray & Roberts Holdings Limited (“Murray & Roberts”) today announced a potential transaction, proposing to make an all share offer to acquire the entire issued share capital of Aveng Limited (“Aveng”), as well as to implement a solution to enable the early redemption of the Aveng convertible... 

Promise and perils

By: Terence Creamer     18th May 2018 While President Cyril Ramaphosa was having a breakfast meeting with his Economic Cluster Ministers at Genadendal last week, to deliberate on ways to deliver on the $100-billion-investment goal, the International Monetary Fund (IMF) released a report highlighting just how important investment is... 

Disposals hit Datatec’s FY18 earnings

By: Natasha Odendaal     17th May 2018 International information and communications technology (ICT) group Datatec posted earnings per share (EPS) of 20.5c for the year ended February 28, compared with the 1.4c reported in 2017, owing to the profits on the disposal of two businesses during the period under review. The company,... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Mondi Q1 performance strong despite maintenance shutdowns, challenging trading conditions

By: Marleny Arnoldi     16th May 2018 Paper and packaging multinational Mondi achieved an underlying profit of €295-million for the first quarter ended March 31 – a 15% improvement on the underlying profit of €256-million reported for the first quarter of 2017 and a 6% improvement on the €279-million reported for the fourth quarter... 

Fogmaker fire suppression system takes the heat in the forestry industry

16th May 2018 South Africa‘s plantation area covers more than 1.5 million hectares, stretching over five provinces - Limpopo, Mpumalanga, KwaZulu-Natal, the Eastern and Western Cape. “With the forestry industry in the summer rainfall areas nearing the fire season, forestry machinery not fitted with a fire... 

South Africa issues $2bn bonds in global markets – National Treasury

By: African News Agency      16th May 2018 South Africa on Tuesday successfully placed $2 billion in notes maturing in 2030 and 2048 in the international capital markets, the National Treasury said on Wednesday. The Treasury said the total issuance consisted of $1.4 billion on the 12-year tranche and $600-million on the 30-year paper. The... 

Necsa’s NTP back at full production, wins AtomExpo award  

By: Anine Kilian     15th May 2018 The South African Nuclear Energy Corporation’s (Necsa’s) NTP Radioisotopes arm, which won the AtomExpo Award for the best project in the nonenergy-related use of nuclear energy, on Monday, is back at full production, with both hot cells at its Pelindaba facility in full operation. The facility... 

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