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Metair signs R1.4bn refinancing deal

By: Leandi Kolver     15th August 2014 South African automotive components manufacturer Metair Investments has successfully signed legal agreements for R1.4-billion in preference shares for the refinancing of facilities extended by Absa Bank to support the acquisition of Turkish battery manufacturer Mutlu Akü, the company announced on... 

Aurecon appoints new CEO

     14th August 2014 Global engineering and technical services company Aurecon today announced the appointment of Giam Swiegers as its new Chief Executive Officer effective 1 February 2015. He will be based in the company’s Sydney office.  Aurecon Chairman, Teddy Daka, said, “After an extensive global search for a... 

SA-based pharmaceutical facility servicing 1m HIV, TB patients a year 

By: Creamer Media Reporter      14th August 2014 Bucking a global trend that has seen a number of pharmaceutical firms withdrawing their manufacturing capabilities from emerging countries, Sanofi has committed to maintaining its production facilities in these markets, citing a recent 3-million Euro investment to expand the manufacturing... 

Advanced engineering software group opens South African office

By: Anine Kilian     8th August 2014 US-based engineering company Altair celebrated the acquisition of electromagnetic field analysis and antenna design company EM Software & Systems (EMSS) at a launch that took place in Centurion, Gauteng, last month. EMMS designs the commercial code FEKO electromagnetic field analysis software.... 

Global infrastructure spend to hit $9-trillion by 2025 – report

By: Natalie Greve     7th August 2014 Global capital project and infrastructure spending is expected to grow to more than $9-trillion a year by 2025, up from $4-trillion in 2012, with nearly $78-trillion likely to be spent on capital projects and infrastructure globally between now and 2025, a new report by professional services firm... 

MTN eyes 3G in Iran, SA operations fall flat 

By: Natasha Odendaal     7th August 2014 Telecommunications giant MTN aimed to roll out third-generation (3G) technologies across Iran, despite the millions of dollars the mobile operator was unable to unlock from its largest Middle East market. MTN’s Iranian joint venture partner Irancell Telecommunications last week successfully... 

International partnership to benefit South African chemical engineers 

By: Natalie Greve     1st August 2014 The South African Institution of Chemical Engineers (SAIChE) and the Institution of Chemical Engineers (IChemE) have signed a formal collaboration agreement to create joint membership, administrative, professional and strategic development links between the two industry-focused organisations.... 

The South African Institution of Chemical Engineers

     1st August 2014 South African Institution of Chemical Engineers and Institution of Chemical Engineers have signed a formal collaboration which will create joint membership, administrative, professional and strategic development links between the two organisations in South Africa. The partnership will create dual... 

Intl partnerships start paying off for South African aerospace and defence group

By: Keith Campbell     1st August 2014 South African missiles, unmanned air vehicles, systems integration and space company Denel Dynamics, part of the State-owned Denel defence industrial group, is most optimistic about its prospects. “The future is looking very exciting,” enthuses Denel Dynamics CEO Tsepo Monaheng. “We’d planned for... 

Ford plotting big sub-Saharan Africa expansion

By: Irma Venter     1st August 2014 The next two years will see an aggressive expansion of Ford’s vehicle line-up in sub-Saharan Africa. The US auto maker will launch 25 new or refreshed vehicles in the region, of which 17 will find their way to South Africa. 

International partnerships start paying off for South African aerospace and defence group

By: Keith Campbell     1st August 2014 South African missiles, unmanned air vehicles, systems integration and space company Denel Dynamics, part of the State-owned Denel defence industrial group, is most optimistic about its prospects. “The future is looking very exciting,” enthuses Denel Dynamics CEO Tsepo Monaheng. “We’d planned for... 

Red Hat says acquisitions will expand business-process capabilities

By: Schalk Burger     1st August 2014 Enterprise open source software company Red Hat has made a number of acquisitions to boost its business process capabilities and reports strong growth of the business, as large and small companies adopt more cost effective, subscription-based models for information technology (IT) systems, says... 

‘Cautious’ Hulamin ups H1 earnings, to seek import tariff protection

By: Natalie Greve     28th July 2014 Aluminium products supplier Hulamin, which on Monday reported a 42% year-on-year lift in earnings for the first half of 2014, has revealed that it is preparing an application for reciprocal import tariff protection, which it plans to lodge shortly with the International Trade Administration... 

AccTech Systems reaps more global awards

     25th July 2014 Microsoft has honoured the highest-performing Microsoft Dynamics partners for demonstrating exceptional levels of growth while delivering innovative solutions that have helped their customers drive their businesses forward. This was done during the recognition ceremony at the Microsoft Worldwide... 

Group Five expecting increased full-year HEPS, EPS

By: Leandi Kolver     23rd July 2014 JSE-listed construction firm Group Five on Wednesday announced that it expected its fully diluted headline earnings per share (HEPS) for the year ended June 30 to be between 20% and 30% higher, at 382c to 414c, than the fully-diluted HEPS of 318c achieved during the prior year. HEPS was expected... 

Kumba revenue up on rand weakness, dividend maintained

By: Martin Creamer     22nd July 2014 The operational profit of JSE-listed Kumba Iron Ore fell 14% in the six months to June 30 on lower exports and the cost of increased mining activities. But revenue was up mainly on currency weakness and Kumba maintained its interim cash dividend of R5-billion, which amounts to R15.61 a share.... 

Aurecon appoints former Public Works DDG as chairperson 

By: Natalie Greve     18th July 2014 In a move the company says “confirms its ongoing transformation”, engineering and management group Aurecon South Africa has appointed former Public Works deputy director-general (DDG) Dr Lulu Gwagwa chairperson. She has worked as a development planner in various capacities since 1981, including... 

Ford to launch 17 vehicles in SA by 2016, including mine-tough Ranger 

By: Irma Venter     18th July 2014 The next two years will see an aggressive expansion of Ford’s vehicle line-up in sub-Saharan Africa. The US auto maker will launch 25 new or refreshed vehicles in the region, of which 17 will find their way to South Africa. 

Google’s Chromebook to provide secure mobile end-point devices for students

By: Schalk Burger     18th July 2014 Tertiary education institutions can use search engine giant Google’s Chromebook to provide secure mobile end-point devices for students on which they can share documents, work collaboratively on documents and access education materials and applications being used in universities worldwide. The... 

Much of Africa needs to improve its commercial aviation infrastructure

By: Keith Campbell     18th July 2014 To have effective commercial aviation sectors, African countries must have the proper infrastructure, and currently not all have such infrastructure. This is one of the challenges facing the development of commercial aviation on the continent. “Infrastructure in commercial aviation is a... 

Pipes manufacturing plant, Saudi Arabia

By: Sheila Barradas     18th July 2014 The project involves the construction of a large plant for manufacturing seamless pipes in Ras Al-Khair. 

SA real estate sector in ‘recovery mode’ – IPD

By: Natalie Greve     16th July 2014 Domestic investment in real estate remains in a period of recovery, despite battling “sticky” vacancy rates across most segments, below inflation retail-trading growth and unlet speculative developments, Investment Property Databank (IPD) South Africa head Stan Garrun said on Wednesday. Speaking... 

WA in box seat to ride rising market for uranium – Minister

By: Esmarie Swanepoel     16th July 2014 Western Australian Mines and Petroleum Minister Bill Marmion on Wednesday called on the uranium industry to build on the state’s resources technology in order to benefit from the expected increase in demand for yellowcake. Speaking at the Australian Uranium Conference, in Perth, Marmion said... 

South Africa home to new digital wallet

By: Natasha Odendaal     15th July 2014 As e-commerce and digital payments gain traction worldwide, Mastercard, in conjunction with Standard Bank, on Tuesday launched a digital wallet mobile phone application, MasterPass, as a new way to transact safely and securely when shopping online. MasterPass would enable South Africans to... 

ExecuJet Africa expands helicopter charter fleet

By: Creamer Media Reporter      14th July 2014 ExecuJet Africa is expanding its helicopter charter fleet with the addition of a Bell 230 helicopter in partnership with Acher Aviation, leaders in off-shore helicopter operations. The 10-passenger Bell 230 helicopter is fully IFR (Instrument Flight Rules)-certified and is based at ExecuJet’s... 

Multi-energy-source solution offers water-heating alternative

By: Schalk Burger     11th July 2014 A 500 ℓ to 2 000 ℓ integrated multi-energy source water heating system can be used in the healthcare, hospitality and up-market residential markets in South Africa, says Nobel solar water heater local distributor Enerjetic director Peter Strydom. The system uses solar energy as its main energy... 

Building SA’s skills

By: Creamer Media Reporter      11th July 2014 General Electric (GE) South Africa's R500-million investment into a customer innovation centre (CIC) in Gauteng and another R200-million into a supplier development vehicle (SDV) to promote job creation and skills development among the country's black small and medium-sized enterprises (SME)... 

SAP leveraging Hana for core of enterprise offerings

By: Schalk Burger     11th July 2014 Enterprise resource planning giant SAP is using its in-memory computing technology, called Hana, as the core platform for all its enterprise offerings. This includes extending the life of existing information technology (IT) infrastructure, providing cloud services and analytics, as well as... 

SMS Siemag

     11th July 2014 Together with companies such as SMS Meer, SMS Concast and Paul Wurth, SMS Siemag forms part of a strong global network of companies known as SMS group. The SMS group supplies various processing plant, technology, equipment, components, spare parts, and technical services for ferrous (both flat-... 

World needs prodigious energy investments to keep the lights on

By: Jeremy Wakeford     11th July 2014 In June, the International Energy Agency (IEA) published a special report titled ‘World Energy Investment Outlook’ (WEIO). This document charts the financial investments needed to meet expected energy demand over the coming two decades. The numbers indicate starkly the magnitude of the task that... 

Alecto appoints West Africa-based operation director

By: Natalie Greve     9th July 2014 Aim-listed Alecto Minerals has appointed operations manager Dominic Doherty the company’s operations director, with immediate effect.  The West and East Africa-focused explorer added in a statement on Wednesday that part-time executive director Mike Ware would resign from the board, also with... 

International Finance Corporation, a member of the World Bank Group, to invest USD 100 Mn (SAR 375 Mn) in ACWA Power

     7th July 2014 ACWA Power broadens shareholders base by partnering with an international multilateral institution, IFC; this follows the participation in early 2013 of two Saudi Arabian public institutional entities - Sanabil Direct Investment Company, a subsidiary of the Public Investment Fund of Saudi Arabia... 

AngloGold Ashanti Appoints Christine Ramon as Incoming CFO

     7th July 2014 AngloGold Ashanti is pleased to announce Christine Ramon will be taking the post of Chief Financial Officer and Executive Director of the Board, from October 1, 2014. She will replace Richard Duffy, who will then step down from both the Board and Executive Committee. The appointment of Ms. Ramon,... 

Baobab advances DFS on Tete vanadium, pig-iron project

By: Natalie Greve     3rd July 2014 Baobab Resources continues to advance a definitive feasibility study at its pig-iron and ferrovanadium project, in Mozambique’s Tete province, with pilot-scale smelting trials currently under way to investigate the behaviour of vanadium during smelting and subsequent oxidation treatment. Using a... 

The American University in Cairo’s School of Business

     2nd July 2014 The American University in Cairo’s School of Business has become the third African business school to gain the prestigious triple-crown accreditation. The American University in Cairo’s  School of Business has received accreditation from the European Foundation for Management Development, which... 

Private miner completes acquisition of AngloGold’s Navachab

By: Martin Creamer     1st July 2014 The acquisition by QKR Corporation of Navachab gold mine, in Namibia, is complete, the private mining company confirmed on Tuesday. QKR president Lloyd Pengilly, a former Johannesburg gold analyst who left JP Morgan to set up QKR, announced the deal in February as the company’s maiden transaction. 

Mondi concludes $105m acquisition of US paper, bags business

By: Natalie Greve     1st July 2014 International packaging and paper group Mondi has completed the acquisition of the industrial bags and craft paper business of Graphic Packaging International, in the US, for $105-million on a debt- and cash-free basis. Engineering News Online reported last month that Graphic Packaging’s... 

Oil and Gas Africa Conference Highlights Business Opportunities in Africa

     26th June 2014 A one-day conference focusing on opportunities in the Sub-Saharan African oil and gas industry will take place alongside next week’s Oil & Gas Africa 2014 expo, on 2 July 2014 at the Cape Town International Convention Centre. Oil & Gas Africa is a component exhibition of the Cape Industries... 

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