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Nemeth to depart Ford SA, Toyota’s Kruger appointed new MD

By: Irma Venter     Updated 49 minutes ago 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. 

AVK grows local manufacturing footprint with Gunric acquisition

By: Creamer Media Reporter      27th March 2017 Valves and related solutions manufacturer AVK Holding Southern Africa has bolstered its manufacturing footprint and product offering after acquiring a 100% interest in Gunric Valves, including all brand assets and intellectual property (IP) for an undisclosed amount. The deal would provide AVK... 

Tlou raises A$5.2m for CBM projects

By: Esmarie Swanepoel     27th March 2017 ASX- and Aim-listed Tlou Energy has raised some A$5.2-million through a share placement to fund work at its coal bed methane (CBM) projects, in Botswana and elsewhere in Southern Africa. The company placed more than 51.78-million shares at an issue price of 10c each, to sophisticated and... 

South32 to return additional $500m to shareholders

By: Martin Creamer     27th March 2017 Diversified mining company South32 on Monday announced that it intends to return an additional $500-million to shareholders, equating to 4.5% of the group’s current market capitalisation. The Sydney-, London- and Johannesburg-listed company said in a media release that this dividend-complementing... 

Slow progress in payouts to former miners – Oliphant

By: African News Agency      24th March 2017 Deputy Mineral Resources Minister Godfrey Oliphant on Thursday conceded that efforts to reach out and compensate former mineworkers, many of whom from neighbouring countries, have not been satisfactory. In his keynote address at the Southern Africa Trust summit on social security and compensation... 

In Search Of A Company With The Most Outstanding Corporate Social Responsibility Programme For 2016

     24th March 2017 Great companies make for good corporate citizens, positively impacting on their stakeholders and the lives of communities in which they operate.   To celebrate corporate social responsibility by a company in the metals and engineering sector, the Steel and Engineering Industries Federation of... 

ELB launches rotary breaker into Africa

By: Creamer Media Reporter      24th March 2017 ELB Engineering Services (Pty) Ltd (ELB) is a accredited distributor and sales agent for Centrifugal & Mechanical Industries (CMI), a division of Elgin Separation Solutions, for sub-Equatorial Africa and Madagascar. The ELB Group, since its inception in 1919, has continuously grown on the back of... 

One-stop solution gives company market edge

By: Simone Liedtke     24th March 2017 The ability to supply a full range of high-quality pumps with full back-up and support, as well as readily available spare parts, has placed pump supplier and manufacturer KSB Pumps and Valves in a unique position where clients can meet all their pumping requirements through a single supplier. 

Opportunities from the Indian Ocean Rim

By: Riaan de Lange     24th March 2017 Indian Ocean Rim Association Well, this certainly is a blast from the past. It was a long time ago. I had just joined the then South African Chamber of Business (Sacob) – on March 1, 1995 – and, within a few days, I was jetting off to Mauritius. I thought that I had hit the big time, and yes, the... 

Black Mountain sells into Southern Africa

By: Esmarie Swanepoel     23rd March 2017 Junior vermiculite miner ASX-listed Black Mountain Resources has completed its first sale, to a new customer, in Southern Africa. “This first sale is a pleasing development for Black Mountain,” said chairperson and CEO Julian Ford, adding that it demonstrated that there was a demand for the... 

Attacq welcomes BMW’s R400m investment in Waterfall distribution facility

By: Anine Kilian     22nd March 2017 JSE-listed Attacq has welcomed BMW Group South Africa’s (BMW SA's) decision to invest in the construction of a 32 000 m2 regional distribution facility at the Waterfall Distribution Campus, in Midrand, Gauteng. The value of this investment and the revamp of its headquarters, also in Midrand,... 

Seifsa welcomes easing inflation

By: Megan van Wyngaardt     22nd March 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) on Wednesday welcomed the easing in consumer price inflation to 6.3% in February, down from 6.6% in January. Contributors to easing inflation included food and nonalcoholic beverages, as well as household contents and... 

EIUG supports Eskom plan for new pricing deals with power-intensive firms 

By: Terence Creamer     22nd March 2017 The Energy Intensive User Group of Southern Africa (EIUG) believes there is policy, legislative and regulatory space to introduce new electricity pricing arrangements to help restart of idle mining and process-industry activities, as well as encourage new investments to absorb Eskom’s surplus,... 

Water availability in rural regions still lags

By: Natasha Odendaal     22nd March 2017 Around 3.5-million rural people in South Africa are still living without access to clean water, WaterAid Southern Africa regional director Robert Kampala said this week following the release of WaterAid’s yearly analysis of global water access. The report, titled ‘Wild Water: The State of the... 

Argosy truck out, electric vehicles in, says Merc SA

By: Irma Venter     22nd March 2017 Daimler Trucks and Buses Southern Africa (DTBSA) saw a 12.6% drop in sales in 2016 compared with 2015. The company sold 4 631 new trucks and buses in South Africa in 2016, down from the 5 300 units and 5 897 units recorded in 2015 and 2014, respectively. 

DBSA secures $100m AFD loan facility to support continental activity

By: Natasha Odendaal     17th March 2017 The Development Bank of Southern Africa (DBSA) has secured a $100-million loan facility from the Agence Française de Développement (AFD), earmarked for energy, water, transport and information and communication technology infrastructure across Africa. The DBSA aims to continue to advance... 

It’s business as usual only better, as Atlas Copco Mining & Rock Excavation Technique enters a new era

     17th March 2017 As of 1 January 2018, Atlas Copco will grow into two separate global groups of companies. The split will provide the best growth opportunities for both listed companies with Atlas Copco focusing on the industrial market and the new company (NewCo) dedicated to the mining and civil engineering... 

Anglo's billionaire investor puts mining on cusp of M&A era

By: Bloomberg     17th March 2017 Anil Agarwal’s surprise move into Anglo American suggests the mining industry may be on the cusp of a new wave of deals. For years, Anglo has been the subject of takeover speculation and during the worst of the commodities crisis it seemed on the verge of a breakup. It spent last year getting... 

On-The-Air (17/03/2017) 

By: Martin Creamer     17th March 2017 Business leader Patrice Motsepe yesterday gave a stern warning to the mining industry to take mining communities extremely seriously; The State-owned IDC is supporting a new low-cost, low-energy technology that could be a massive cost saver for struggling platinum mines; and the Canadians this... 

DBSA backs key highway project in Kenya

By: John Muchira     17th March 2017 The Development Bank of Southern Africa (DBSA) has agreed to avail $572.8-million debt funding for a key highway project in Kenya. Kenya Transport principal secretary Irungu Nyakera says the funds are already available for the 580 km Lamu-Garissa–Isiolo highway, which forms part of the Lamu Port... 

Excessive grain safely storable in low-cost plastic bags

     17th March 2017 While the anticipated size of the harvest could have a stabilising effect on food price inflation, an increasingly competitive global market continues to pressure South African producers to find new ways of cutting costs on grain and silage storage. One such method is the use of massive Hitec... 

Fall Armyworm reported in maize fields in two provinces

     17th March 2017 Last month, independent grain producers' support organisation Grain SA said that reports from KwaZulu-Natal and the Eastern Cape mentioned that the Fall Armyworm – also known as the Spodoptera Frugiperda – has established itself mainly in maize but also in sorghum, cotton, some vegetables and... 

Stainless steel body hopes to boost product demand at event

By: Nadine James     17th March 2017 Industry body and lobby group the Southern Africa Stainless Steel Development Association (Sassda) hopes to drive demand for stainless steel products by exhibiting at Water Show Africa 2017, which runs alongside Power & Electricity World Africa held at the Sandton Convention Centre on March 28... 

Zambia agreement seen paving way for further solar power solutions

By: Dylan Slater     17th March 2017 The government of Zambia last month signed a second mandate with Scaling Solar, an initiative of the World Bank Group, which is helping developing countries procure low-cost, privately financed, solar power.  

Bell Equipment's earnings contract in difficult FY16

By: Natasha Odendaal     16th March 2017 JSE-listed Bell Equipment, emerging from one of the most challenging years in its history, on Thursday said it did not achieve its goal of delivering financially sustainable results in 2016. Hit with tough trading conditions, the discovery of fraud and mismanagement in the group's operation in... 

Disturbing facts about cyber crime and SA businesses

     15th March 2017 Today’s threats are increasingly complex and sophisticated, with cyber criminals leveraging all manner of exploits and vulnerabilities to attack businesses for reasons including financial gain, ideological agenda or business disruption.   Around the world each day new strains of malware are being... 

Seifsa In Search Of The Most Innovative Company Of The Year In The Metals And Engineering Sector

     15th March 2017 The company that will have stood head and shoulders above its competitors in the metals and engineering sector when it comes to innovation will be celebrated in Sandton, Johannesburg during a gala dinner at the 2017 SEIFSA Awards for Excellence, the Steel and Engineering Industries Federation of... 

Seifsa seeks to reward companies with good health, safety performances

By: Anine Kilian     14th March 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa), which will hold its yearly Awards for Excellence in May, will honour those companies that have upheld high health and safety performances in 2016.   Seifsa CEO Kaizer Nyatsumba says that, although the metals and... 

Rain dampens PPC cement sales for January and February

By: African News Agency      13th March 2017 Cement producer PPC said on Monday that adverse weather had negatively affected cement and concrete sales in South Africa during January and February 2017. PPC was providing an operational update which reflected that rainfall in excess of 200 mm was experienced in many parts of the country during... 

Chryso Enviromix® Gives Contractors The Green Edge

     10th March 2017 Billed as a very innovative technology by CHRYSO, EnviroMix® is engineered to boost the performance of Supplementary Cementitious Materials (SCM). SCMs are industrial by-products which when used as a partial replacement for Portland cement reduce the amount of cement that is required for... 

Basil Read maintains steady turnover in FY16

By: Megan van Wyngaardt     10th March 2017 Basil Read on Friday posted steady turnover at just over the R5-billion mark for the year ended December 31. This was, however, lower than the R5.5-billion turnover in 2015, mainly as a result of eliminating loss-making businesses and projects. 

Global economics, politics cause uncertainty in chemicals manufacture

     10th March 2017 Volatile global political and economic conditions are making it difficult for South African companies to predict what 2017 holds as far as profitability is concerned, says leading admixture supplier, Chryso Southern Africa CEO and Chryso Group international VP Norman Seymore. The Chryso Southern... 

Kariba dam rehabilitation project, Zambia

By: Sheila Barradas     10th March 2017 The Zambian and Zimbabwean governments have signed the plunge pool reshaping works contract. 

Outgoing Barloworld CEO on surviving tough times and the group’s prospects 

By: David Oliveira     10th March 2017 JSE-listed Barloworld announced the appointment of new CEO Dominic Sewela, who replaced the outgoing Clive Thomson last month. Thomson was appointed in December 2006 and managed the South African industrial giant during some of the most challenging economic periods in recent history. 

Treasury approval sought for Gautrain expansion plan

By: Irma Venter     10th March 2017 The proposed expansion of the Gautrain rail system has the capacity to create around 211 000 direct jobs, says Gauteng Human Settlements MEC Paul Mashatile. Speaking at the i-Transport and UATP Conference and Exhibition, in Sandton, in February, he noted that the Gautrain Management Agency (GMA)... 

Impact of Africa on South Africa’s economic performance ‘underestimated’ – IMF 

By: Terence Creamer     9th March 2017 Sub-Saharan Africa (SSA) is currently the main destination for South African exports and its influence on the economic performance of South Africa is being “underestimated by many commentators”, International Monetary Fund (IMF) senior resident representative in South Africa Dr Montfort Mlachila... 

Products supplied by A.B.E Construction Chemicals were successfully applied to create and coat floors in four parts of Southern Africa.

     9th March 2017 A.B.E. Is part of the Chryso Southern Africa Group. The A.B.E. Products supplied were: 

SKF rotates to its core strength – bearings

     9th March 2017 SKF has taken a strategic decision to shift its global business focus back to the company’s core strength – bearings. As a leading global technology provider since 1907, SKF has over the years developed a holistic product and service offering that is integral to bearing performance and... 

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