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Westcon-Comstor Southern Africa Appoints CEO

     Updated 6 hours ago Westcon-Comstor Southern Africa, a value-added technology distributor of category-leading solutions in Security, Collaboration, Networking, Cloud and Data Centre, has announced that it has appointed Rakesh Parbhoo as CEO of WestconGroup SA, effective 1st August 2017.    Parbhoo will replace Guy... 

General Motors rebuffs allegations of acting in bad faith

By: African News Agency      25th May 2017 General Motors (GM) on Wednesday rebuffed allegations that it had acted unilaterally without consulting trade unions about its disinvestment from South Africa and the resulting imminent retrenchments. This comes after GM announced last week that it was disinvesting from South Africa and that it... 

Adcorp posts significant loss owing to labour law changes

By: Megan van Wyngaardt     24th May 2017 Management consultancy company Adcorp’s shares fell as much as 8% on Wednesday morning to R10.80 a share, from Tuesday’s close of R11.74 a share, after it posted a headline loss a share of 27.9c for the year ended February 28. Its normalised earnings a share decreased by 76% year-on-year to... 

LafargeHolcim hires Sika boss as next CEO

By: Reuters     22nd May 2017 LafargeHolcim has hired Sika boss Jan Jenisch to take over as CE at the Swiss-French building materials giant, whose previous CEO quit after the company made payments to armed groups in Syria. Jenisch, 50, has been the CEO of adhesives maker Sika since January 2012. Paul Schuler, Sika's regional... 

Datatec confident of improvements after modernisation hits FY17 financial results

By: Natasha Odendaal     22nd May 2017 Dual-listed Datatec is confident of improving its performance as it enters the final stages of the modernisation programme of subsidiary Westcon-Comstor that had significantly dragged the group’s financial performance in the year ended February 28. Over the last few years, the information and... 

India, Japan to push for One Belt, One Road counter at AfDB conference 

By: Ajoy K Das     19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

Andrew Kendrick

     19th May 2017 This week we feature Andrew Kendrick, MD of Goscor Access Rentals, a provider of access rental services   

Deal opens way for new liquid bulk handling facility at the Port of Ngqura

By: Irma Venter     19th May 2017 Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo (OTGC) in May signed an agreement in Port Elizabeth that will see OTGC plan, fund, construct, maintain and operate a new liquid bulk handling facility at the Port of Ngqura, in the Eastern Cape. The facility’s concept... 

Bank of America Merrill Lynch combines energy, mining teams – memo

By: Reuters     18th May 2017 Bank of America Merrill Lynch has reorganised its energy, power and mining investment banking teams, combining them under the leadership of Julian Mylchreest, according to a memo seen by Reuters on Thursday. Mylchreest, head of global energy and power investment banking since 2010, will oversee... 

Glencore, Carlyle team up to rescue bankrupt Moroccan refinery

By: Reuters     16th May 2017 Swiss trading giant Glencore and US private equity investor Carlyle Group have teamed up in an attempt to buy Morocco's only oil refinery, hoping to recoup about $600-million in loans they issued to the plant before it went bankrupt, industry sources said. Two sources close to the process said... 

South Africa grain group sees 3.5Mt maize surplus this year

By: Reuters     16th May 2017 South Africa producer group Grain SA expects a surplus of 3.5-million tonnes of maize when this season’s harvest is complete and aims to export all of it with orders in from Japan, South Korea and Taiwan, its chief executive said on Tuesday. South Africa will likely harvest 14.54-million tonnes... 

Why the future of Africa’s water and oil sectors is a key focus of INDUTEC 2017

     15th May 2017 From pumping systems designed in a 3D virtual world to the world’s biggest pipe producer – for three days this week Johannesburg is home to cutting edge innovation. Africa’s leading industrial technology and supply expo INDUTEC 2017 opens its doors at 10am on Wednesday (May 17). INDUTEC is also... 

Australian Mines constructs demonstration plant in Perth

By: Esmarie Swanepoel     15th May 2017 Junior Australian Mines has started construction on a A$2-million demonstration size cobalt-nickel-scandium processing plant for its Sconi and Flemington projects, in Queensland and New South Wales. Once operational, the plant will result in Australian Mines being one of the only emerging cobalt... 

Banks warned of ATMs being infected remotely by malware

By: Schalk Burger     12th May 2017 Cybersecurity multinational Kaspersky Lab advises banks in the Middle East, Africa and Turkey to check random-access memory (RAM), network and registry logs to determine whether the fileless ATMitch malware is present. The ATMitch uses in-memory malware to infect banking networks. This malware is... 

Incahoots

     12th May 2017 Incahoots is a boutique search firm comprising a dynamic team of experienced consultants that provides the right candidates for middle- to senior-level management positions for corporates and blue-chip multinationals across South Africa, the rest of Africa and the Middle East. Established in... 

Datatec FY earnings expected to drop on poor Westcon performance

By: Natasha Odendaal     11th May 2017 A worse-than-expected performance from subsidiary Westcon-Comstor has dragged the earnings of information and communication technology group Datatec for the year ended February 28. The JSE-listed group expects to report double-digit decreases in earnings for the period under review, with headline... 

Africa more costly than any other region for developing infrastructure projects

By: Kim Cloete     9th May 2017 A benchmarking survey has shown that developing infrastructure projects in Africa is more difficult and costly than in any other developing country region.  The Benchmark for Investing in African Infrastructure Project Development (I4PD Benchmark) said the risk premium attached to African... 

‘Costly’ closure of Middle East business to impact on M&R earnings

By: Megan van Wyngaardt     8th May 2017 JSE-listed Murray & Roberts (M&R) on Monday confirmed that it would exit the Middle East by the end of 2017 and said the “costly” closure of the business would impact on its financial year-end results. M&R sold its infrastructure and building businesses to a consortium led by black-empowered... 

Global Award Winning Forex Broker Brings Elite Team To South Africa

     8th May 2017 London, The United Kingdom 8 May 2017 The award winning global Forex broker; ForexTime Limited (FXTM) will be hosting a series of educational seminars and workshops as a result of record growth and a high demand for Forex Trading in South Africa. After acquiring their FSB licence in July 2016,... 

Saudi Arabia to host the Middle East’s first fly farm

By: Irma Venter     5th May 2017 The Kingdom of Saudi Arabia is to host the Middle East’s first fly farm, following the completion of a licensing deal between Saudi technology hub Sajt and waste-to-nutrient group AgriProtein. The agreement signals the start of a new industry for the region, namely the commercial-scale... 

Oiltanking Grindrod Calulo, TNPA sign liquid bulk agreement

By: Irma Venter     4th May 2017 Transnet National Ports Authority (TNPA) and Oiltanking Grindrod Calulo (OTGC) on Thursday signed an agreement in Port Elizabeth that will see OTGC plan, fund, construct, maintain and operate a new liquid bulk handling facility at the Port of Ngqura, in the Eastern Cape. The facility’s concept... 

Hawsons significant to NSW

By: Esmarie Swanepoel     4th May 2017 The New South Wales Department of Planning and Environment has reconfirmed the Carpentaria Exploration's Hawsons iron project as a state significant development (SSD). The SSD designation was first awarded in 2012 and is given to projects considered significant owing to their size. Carpentaria... 

Business aviation company reports strong first quarter growth at its African bases

By: Keith Campbell     3rd May 2017 Business aviation company ExecuJet reported on Wednesday that its African operations had enjoyed significant growth in activity during the first quarter of this year. The company, which is part of the Luxaviation Group, has Fixed-base operations (FBOs) at Lanseria International Airport (northwest... 

ADVISIAN (WorleyParsons) South Africa appoints Gary Mocke to Ports and Marine Terminal Advisory role

     3rd May 2017 Advisian, the independent advisory business line of WorleyParsons, has appointed Dr Gary Mocke as its Managing principal of Ports and Marine Terminals, with responsibility for managing the Ports and Marine Terminal Advisory sub sector in Sub-Saharan African region and supporting the Middle East &... 

Fasken Martineau Recognised in the 2017 Edition of The Legal 500 Europe, Middle East and Africa

     3rd May 2017 Fasken Martineau is pleased to announce that 24 of its lawyers have been recognized in the 2017 edition of The Legal 500 Europe, Middle East and Africa, across the following nine practice areas.  • Tier 1: Projects and Infrastructure • Tier 2: Construction; Employment; Mining • Tier 3: Banking... 

Digital platform opens up ‘new collar’ work vista for millions of Africans

By: Schalk Burger     28th April 2017 Digital devices and systems are crucial components of almost all professions and are changing industries and economies worldwide. Familiarity and competence with these technologies are usually the result of education and access to the technologies. Technology multinational IBM’s Digital-Nation... 

Digital platform opens up ‘new collar’ work vista for millions of Africans

By: Schalk Burger     28th April 2017 Digital devices and systems are crucial components of almost all professions and are changing industries and economies worldwide. Familiarity and competence with these technologies are usually the result of education and access to the technologies. Technology multinational IBM’s Digital-Nation... 

Discover the tastes of tomorrow at Africa’s leading food and beverage conference

     26th April 2017 The Food Forum 2017 offers delegates the opportunity to learn and gain professional career credits as Africa’s Big 7 goes international in Johannesburg this June Africa’s premier food and beverage trade show boast a strong line up of key speakers for its exclusive three-day conference in June. 

CIG uncertain about local outlook, but sees growth potential in Africa

By: Megan van Wyngaardt     24th April 2017 Pan-African infrastructure group Consolidated Infrastructure Group (CIG) on Monday posted revenue growth of 29% to R2.7-billion for the six months to February 28, owing to its strategy to expand across Africa’s energy markets. The company further reported a 20% year-on-year increase in its... 

Earn while you learn at Africa’s new retail conference during the continent’s biggest product sourcing expo: SAITEX 2017

     24th April 2017 Trade Buzz 2017 offers delegates an insight into the future of retail & trade across sub-Saharan Africa with recognised career-boosting CPD certification Some of sub-Saharan Africa’s top shopping gurus will be in Johannesburg this June for one of the biggest retail and trade events on the continent. 

Turnkey vacuum solutions from Atlas Copco Vacuum Technique

     24th April 2017 In a move to become a global leader in vacuum solutions, Atlas Copco established Vacuum Technique as a fifth business area on 1st January 2017. Vacuum solutions originally formed part of Atlas Copco Compressor Technique’s product portfolio. Following the vacuum business’s excellent growth over... 

How South Africa is attracting the world’s leading hospitality experts to advise on growth for the next decade

     20th April 2017 Sub-Saharan Africa needs tourism for jobs and investment and a new expo based on one of the world’s most successful brands will bring international experience to Johannesburg in June 2017 Some of the world’s leading experts in hospitality have agreed to appear at the inaugural The Hotel Show... 

Recent political shifts in South Africa could impact on continent’s M&A activity – Baker McKenzie index

By: Megan van Wyngaardt     19th April 2017 Political turbulence and economic uncertainty are becoming the new normal for deal makers; however, the impact on global mergers and acquisitions (M&A) activity has not been as steep as many expected, multinational law firm Baker McKenzie's Cross-Border M&A Index has shown. It noted that while... 

Tourism supports 1 in 10 jobs

By: News24Wire      18th April 2017 Travel and tourism generated 1 in 10 of the world’s jobs in 2016, according to a new report by the World Travel & Tourism Council (WTTC). WTTC’s Economic Impact Report 2017, which is conducted in conjunction with Oxford Economics, researches the economic impact of travel and tourism on a global... 

South African to lead local Ford unit for first time since full reinvestment

By: Irma Venter     14th April 2017 US car maker Ford has announced the appointment of Casper Kruger as Ford Motor Company Sub-Saharan Africa (FMCSA) region MD, as from April 1. Current president and CEO Jeff Nemeth will take up a new position at Ford as part of his planned return to the US on July 1, states the company. 

Richards Bay plant to make pearly whites from industrial slag

By: African News Agency      11th April 2017 It’s hard to avoid references to a phoenix while thinking about a deal being inked on Tuesday that will turn industrial waste into a pearly white pigment … and put hundreds of people to work. A technology partnership between Johannesburg-based Nyanza Light Metals and Avertana of New Zealand will... 

South Africa’s cloud adoption lagging rest of the world, report shows

By: Schalk Burger     7th April 2017 Networking specialist firm F5 Networks ‘State of App Delivery 2017’ report indicates that 41% of companies in Europe, the Middle East and Africa will continue to invest in private cloud technologies and services this year, although South Africa’s cloud adoption is lagging significantly behind... 

African airline capacity up 2.3% y/y in February

By: Megan van Wyngaardt     6th April 2017 African airlines achieved strong growth in passenger traffic of 7.1% year-on-year in February, the International Air Transport Association (Iata) said on Thursday. This mainly reflected the upturn on the key route to and from Europe, offsetting struggles in the region’s biggest economies, Nigeria... 

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