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Major planemaker creates support base in South Africa

By: Keith Campbell     10th July 2013 Canadian major aircraft manufacturer Bombardier Aerospace (part of the Bombardier group) announced in Johannesburg on Wednesday that it is opening a Regional Support Office (RSO) for Africa, at Lanseria International Airport, north-west of the city. It, furthermore, announced its intention to set... 

IMF revises SA growth downward to 2% for 2013

By: Idéle Esterhuizen     9th July 2013 The International Monetary Fund (IMF) revised South Africa’s forecast growth for this year down to 2% in its latest World Economic Outlook (WEO), marking a fall of 0.8% from the fund’s April forecast. Projections for the country’s economic growth in 2014 was also revised downward by 0.4% to 2,9%. 

SAA, Etihad start codeshare services

By: Natalie Greve     9th July 2013 Following regulatory approval, South African Airways (SAA) has initiated codesharing services with United Arab Emirates’ (UAE) national carrier Etihad Airways, which enables both carriers to offer codeshare and interline services to key destinations on each airline’s route network. Under the... 

African aviation market has lots of potential, despite challenges

By: Keith Campbell     5th July 2013 African commercial aviation faces both great opportunities and great challenges. “There’s a lot more hope, a much more positive attitude, around Africa,” affirmed Athena Aviation managing partner Sudeep Ghai at the recent Aviation Outlook Africa 2013 conference in Sandton, Johannesburg. (Athena... 

Food Security Advocate

By: Tracy Hancock     28th June 2013 Carl Moyo, sub-Saharan Africa regional director of DuPont, speaks to Tracy Hancock of Engineering News about his journey from a milking stool, in Zimbabwe, to climbing the corporate ladder in South Africa Being a teacher would have sufficed for science-based products and services company DuPont... 

African aviation market has lots of potential

By: Keith Campbell     25th June 2013 African commercial aviation faces both great opportunities and great challenges. “There’s a lot more hope, a much more positive attitude, around Africa,” affirmed UK-based airline consultancy Athena Aviation managing partner Sudeep Ghai on Tuesday at the Aviation Outlook Africa 2013 conference in... 

Company Announcement: Standard Bank named Sustainable Bank of the Year

By: Creamer Media Reporter      14th June 2013 Standard Bank has been acknowledged by the Financial Times as the Sustainable Bank of the Year award for Africa and Middle East. The announcement was made at a function in London last night 

New Mandela movie underlines the emergence of a serious local film industry

By: Kim Cloete     7th June 2013 The film adaptation of Nelson Mandela’s autobiography has generated a real buzz since the poster for the film was unveiled at the Cannes Film Festival in May. It’s another step towards the release of the film later this year and the culmination of a dream for renowned South African producer Anant... 

Nissan restructures African operations as growth prospects improve

By: Irma Venter     7th June 2013 Nissan has restructured its operations in Africa to “position the company for significant future growth as part of its mid-term business strategy”, says the Japanese car manufacturer. By the 2016 financial year Nissan aims to double yearly sales on the continent, up from the 110 000 units sold at... 

Denel hopes R21bn order book will reduce reliance on State funding 

By: Natalie Greve     4th June 2013 State-owned defence industrial group Denel hopes that its R21-billion order book for the next six to eight years will enable it to become self-sustainable over the longer term and to avoid further financial dependence on the fiscus. “We will no longer be the drain on the State that we have been... 

Rwanda looks to become aviation hub

By: Kim Cloete     4th June 2013 Despite tight conditions in the airline industry, Rwanda’s national airline, RwandAir, is expanding rapidly into Africa, with Canadian-manufactured Bombardier as its chosen aircraft. RwandAir, which flew to six African destinations in 2008, now serves 15 destinations, and will add another three... 

Company Announcement: SKF launches new generation of static motor analysis equipment

By: Creamer Media Reporter      22nd May 2013 New series of static motor analyzers provide industrial motor maintenance, motor service and OEM manufacturing facilities with the broadest functionality of any surge test instrument on the market today 

Nissan SA boss appointed regional head as car maker targets Africa

By: Irma Venter     20th May 2013 Nissan had restructured its operations in Africa to “position the company for significant future growth as part of its mid-term business strategy”, the Japanese car manufacturer announced on Monday. By the 2016 financial year Nissan aimed to double yearly sales on the continent, up from the 110... 

Network changes likely to flow after SAA links up with Etihad

By: Terence Creamer     17th May 2013 National carrier South African Airways (SAA) indicated on Monday that the codeshare agreement signed with Etihad Airways, of the United Arab Emirates (UAE), formed part of its yet-to-be-announced long-term turnaround strategy by creating the “platform” for a network re-evaluation that could... 

US thin-film solar group gearing up for SA market entry

By: Terence Creamer     17th May 2013 Thin-film photovoltaic (PV) manufacturer and solar project developer First Solar, of the US, is preparing a number of projects for submission during the third bid window under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Regional director Johan... 

Van Zyl takes on all-Africa role for Japanese giant

By: Irma Venter     17th May 2013 Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl has been appointed as the CEO of Toyota in Africa, as part of a major restructuring announced by Toyota Motor Corporation (TMC) in Japan. The new position, which assigned all executive responsibilities in Africa to Van Zyl,... 

Eskom awards 46 wind-turbine contract for Sere wind farm 

By: Terence Creamer     16th May 2013 State-owned electricity group Eskom has awarded technology group Siemens the contract to supply 46 wind turbines to its 100 MW Sere wind farm project, which is being developed on a 3 700 ha site near Vredendal in the Western Cape. The R2.4-billion renewable-energy project is scheduled to begin... 

Physical gold demand soaring on currencies’ turbo-charge

By: Martin Creamer     16th May 2013 The demand for physical gold is soaring to potentially record highs, boosted by the current low dollar prices that are particularly attractive in several other currencies. “Gold is looking particularly attractive in many currencies around the world and that has caused a huge physical demand... 

Demand up for gold coins, bars, jewellery

By: Martin Creamer     16th May 2013 Demand for gold jewellery rose 12% in the first quarter of this year, World Gold Council (WGC) said on Thursday. “Overall, the long-term appetite for investment remains strong, demonstrated by the continued demand for bars and coins,” WGC MD Marcus Grubb told Mining Weekly Online from London.... 

Not ‘Neet’

By: Terence Creamer     10th May 2013 Sadly, South Africa is no stranger to the scourge of youth unemployment. But the ‘Neets’ (not in employment, education or training) problem is now receiving heightened international attention. In a recent article headlined ‘Generation jobless’, The Economist calculates that almost 290-million... 

Valves industry gaining interest in gland packing

By: Yolandi Booyens     10th May 2013 Gland packing manufacturer John Crane notes that it supplied R6.3-million of gland packing to the valves industry in 2012 and aims to expand this figure by focusing further on the mining and minerals market in 2013. “John Crane Gland packing technology could greatly benefit the minerals industry,... 

First Solar gearing up for SA’s next renewables bid window

By: Terence Creamer     8th May 2013 Thin-film photovoltaic (PV) manufacturer and solar project developer First Solar, of the US, is preparing a number of projects for submission during the third bid window under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Regional director Johan... 

Pressure to deliver could lead to employees ignoring unethical business behaviour

By: Natasha Odendaal     7th May 2013 A new survey by assurance, tax, transaction and advisory services company Ernst & Young (E&Y) has found that an alarming number of management and employees are turning a blind eye to the risks of inaccurate or manipulated financial reports and unethical behaviour as pressures to perform weigh on... 

SAA views tie-up with Etihad as ‘platform’ for route rethink 

By: Terence Creamer     6th May 2013 National carrier South African Airways (SAA) indicated on Monday that the codeshare agreement signed with Etihad Airways, of the United Arab Emirates (UAE), formed part of its yet-to-be-announced long-term turnaround strategy by creating the “platform” for a network re-evaluation that could... 

Cheaper imports affect supply and demand in South African sugar industry

     26th April 2013 The South African Sugar Association (Sasa) reports that the local sugar industry is suffering, owing to imports from countries such as Brazil, which means that local consumption of South African-produced sugar is likely to be less than what the industry hopes for. Since April 2012, the amount of... 

Mind the Gap

By: Terence Creamer     26th April 2013 Although the outlook for economic growth across sub-Saharan Africa remains robust for the forthcoming three years, a new World Bank analysis has put its finger on a key policy problem now confronting just about all countries in the region.Its latest Africa's Pulse publication shows that poverty... 

Two out of three companies infected with hazardous computer bots

     26th April 2013 A study by security company Check Point of 900 companies in Europe, the Middle East, the Americas and Asia Pacific, including 35 companies in South Africa, found that 63% of the companies were infected with hazardous bots. “Many of the most serious threats remained hidden from network... 

Company Announcement: Altaaqa Global And Caterpillar Inc Signs IPP Agreement

By: Creamer Media Reporter      22nd April 2013 Caterpillar Inc. has entered into an international power projects agreement with Zahid Group, which recently formed a new subsidiary company, Altaaqa Global 

Toyota SA boss appointed as Africa CEO

By: Irma Venter     19th April 2013 Toyota South Africa Motors (TSAM) announced on Friday that its president and CEO, Dr Johan van Zyl, had been appointed as the CEO of Toyota in Africa, as part of a major restructuring announced by Toyota Motor Corporation (TMC) in Japan. The new position, which assigned all executive... 

BMW to launch electric, plug-in hybrid cars in South Africa during 2014

By: Irma Venter     19th April 2013 BMW will launch its alternative drive i3 and i8 models in South Africa next year, the German manufacturer has confirmed. This will follow on from the i3’s international unveiling this year, with the i8 to follow next year. 

Construction consultancy wins prestigious award

By: Joanne Taylor     19th April 2013 Programme management and construction consultancy Turner & Townsend was named Global consultant of the year at the NCE/ACE Consultants of the Year awards, in the UK, last month. 

Proctor & Gamble multicategory manufacturing plant project, South Africa

By: Sheila Barradas     19th April 2013 The plant will become one of the largest Proctor & Gamble facilities in Europe, the Middle East and Africa. 

Zimbabwe cracking down on unregistered engineers

By: Oscar Nkala     19th April 2013 The Engineering Council of Zimbabwe (ECZ) and the Zimbabwe Institution of Engineers (ZIE) have embarked on a nationwide programme to register all local and foreign engineers working projects across the country, amid concerns about an influx of unaccredited foreign engineers. 

Gilbarco, AFS sign agreement

By: Natalie Greve     17th April 2013 Global fuel services group Gilbarco Veeder-Root (Gilbarco) will acquire local fuel management technology group Automated Fuel Systems (AFS) to strengthen the products and services offered by both companies in the Southern Africa market. The acquisition, which had been approved by the South... 

Company Announcement: Fluor Awarded Clean Fuels Contract by SAPREF in South Africa

By: Creamer Media Reporter      16th April 2013 Fluor Corporation announced today that it was awarded a front-end engineering and design contract by South African Petroleum Refineries for its Clean Fuels II Project in Durban, South Africa 

Fluor wins Sapref Clean Fuels 2 FEED contract

By: Natalie Greve     16th April 2013 New York-listed Fluor Corporation has been awarded the front-end engineering and design (FEED) contract by South African Petroleum Refineries (Sapref) for its Clean Fuels 2 project, in Durban. The contract, of which the value was undisclosed, was booked in the first quarter of the year. 

African countries urged to rethink use of mineral revenues for poverty reduction  

By: Terence Creamer     15th April 2013 The outlook for economic growth across sub-Saharan Africa remained robust for the forthcoming three years, but a new World Bank analysis shows that poverty is not declining at a similarly robust pace, particularly in those African economies that are resource rich. The bank expects the economies... 

Company Announcement: AGCO Opens new Parts Warehouse in Johannesburg

By: Creamer Media Reporter      10th April 2013 AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment, celebrated the opening of its African Master Parts Distribution Center together with its local distribution partners in Johannesburg this week 

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