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Promulgation of Mining Charter to dent South Africa’s risk, reward score – BMI

By: Megan van Wyngaardt     Updated 6 hours ago If the proposed Mining Charter is promulgated, it will dent South Africa’s score on global research firm BMI Research’s Sub-Saharan Africa Mining Risk Reward Indices, as it could deter investment. The research firm currently places South Africa as the second-most attractive country for capital... 

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

By: Irma Venter     Updated 6 hours 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. 

Atterbury to open new Ghana mall in April

By: Megan van Wyngaardt     24th March 2017 South African property development company Atterbury will open its fourth retail development in Ghana, the $95-million Kumasi City mall on April 20. The 18 500 m2 modern mall, with potential for a future 10 000 m2 expansion, will give the city of Kumasi its first one-stop building with shopping... 

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. 

Exosun, Lesedi partner to offer localised solar tracking solutions in South Africa

By: Mia Breytenbach     23rd March 2017 Global supplier of solar tracking solutions for ground-mounted photovoltaic (PV) plants Exosun and South Africa-based engineering, procurement and construction company Lesedi Nuclear Services have entered into a partnership to provide localised solar tracking systems in South Africa. “Lesedi will... 

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,... 

BMW SA invests in new warehouse, X3 production to start in 2018

By: Irma Venter     22nd March 2017 BMW Group South Africa (BMW SA) will, over the next two years, invest R400-million in a new regional distribution centre (RDC) and the expansion of its Midrand headquarters. The R400-million investment is in addition to the R6-billion injection, announced in November 2015, to prepare the... 

Volkswagen restructures to fill sub-Saharan Africa gaps

By: Irma Venter     17th March 2017 German car manufacturer Volkswagen has established Volkswagen Sub-Saharan Africa as a regional operation, in a move aimed at developing and strengthening the African market. The new region joins the existing regions of North America, South America and China, and forms part of Volkswagen’s... 

KPMG to take the lead with industry solutions at African Utility Week

     15th March 2017 Generating value and creating agility in the evolving business landscape of power and utilities With the firm’s goal to focus on ‘future proofing’ in an effort to prepare for both foreseeable and  unforeseeable forces that are fundamentally changing the power and utilities industry, KPMG has... 

New APDP must boost volumes, exports, says Merc SA CEO

By: Irma Venter     15th March 2017 Given the poor outlook for growth in sub-Saharan Africa since the sharp decline in oil and commodity prices, “it would be reasonable to conclude” that any government support programme for the South African automotive industry requires a “sustainable export strategy”, says Mercedes-Benz South... 

Visit your preferred supplier of choice for gases and welding products at NAMPO 2017

     15th March 2017 Afrox will be featuring a fresh and revamped stand at NAMPO this year to encourage customers to view and experience welding machines and equipment in a dynamic and informative environment. Hinging on the theme of ‘Preferred Supplier of Choice’, Afrox will be pulling out all the stops to... 

Global agriculture innovators vie for top honours at Future Agro Challenge awards 

By: Megan van Wyngaardt     13th March 2017 Two South African innovators in the agriculture industry, Reel Gardening and Meat Naturally, will on Wednesday battle it out against 48 other agripreneurs for the title of Agripreneur of the Year. As part of agriculture innovation hub Future Agro Challenge’s (FAC’s) Global Championships, held in... 

Airline safety improves further in 2016

By: Anine Kilian     10th March 2017 The aviation industry’s all accident rate, measured in accidents per one-million flights, improved to 1.61 in 2016, from 1.79 in 2015. The latest data published by the International Air Transport Association (Iata) on Friday, further showed that the major jet accident rate, measured in hull... 

Africa’s first multidisciplinary design school opens in Cape Town

By: Kim Cloete     10th March 2017 Africa’s first multidisciplinary design school has been formally launched at the University of Cape Town (UCT). The Hasso Plattner Institute of Design Thinking, commonly known as the d-school, aims to foster innovation and encourage fresh ways of thinking. 

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... 

Safety always a priority after 90 years in the welding business

     9th March 2017 Despite increasing legal pressure to ensure workplace safety, unsafe gas and electrical arc equipment continues to find its way into industry. This presents a legal risk to companies and a risk to the safety of their employees. As sub-Saharan Africa’s market leader in gases and welding products... 

Aspen posts good interim results, despite headwinds

By: Megan van Wyngaardt     9th March 2017 Pharmaceutical company Aspen expects to report an overall stronger underlying performance in the second half of the current financial year, after a tough six months to December 31. During the six months under review, normalised headline earnings a share increased by 6% to 692c. 

Africa slump not grounds for ‘excessive pessimism’

By: Bloomberg     3rd March 2017 The student is halfway through her question to Christine Lagarde when the power cuts – a reminder of the obstacles facing Africa’s poorest nations. The head of the International Monetary Fund (IMF) doesn’t miss a beat. “As you can see, building better infrastructure – roads, the Internet,... 

VWSA MD takes on regional responsibility; Rwanda to open VW plant

By: Irma Venter     2nd March 2017 German car manufacturer Volkswagen has established Volkswagen Sub-Saharan Africa as a regional operation, in a move aimed at developing and strengthening the African market. The new region joins the existing regions of North America, South America and China, and forms part of Volkswagen’s... 

KSB invests in Zambia

     2nd March 2017 Global pump manufacturer, KSB Pumps and Valves, has established an independent operation in Zambia to ensure that its rapidly expanding customer base has full access to the company’s world-class sales and support services. Having previously been represented by a network of agencies and dealers... 

Investec signs R100m facility with rooftop solar project developer 

By: Megan van Wyngaardt     1st March 2017 Investec Bank has, through its power and infrastructure finance (PIF) division, signed a R100-million term facility to fund Mettle Solar Investments’ current and future portfolio of commercial rooftop solar installations in sub-Saharan Africa. “With the decreasing cost of solar installations, the... 

DEHN Africa welcomes fresh new talent

     27th February 2017 DEHN Africa has grown its local team once again, with the appointment of Gerrit Meyer, as its new business development manager for Africa; Steven Weber, as an engineer; and Tatenda Gora, as a sales engineer. Meyer has a well-developed sales background and extensive work experience of more than 20... 

AMSA unveils interim steel rail hub

By: Natasha Odendaal     24th February 2017 The official unveiling of the Isando Distribution Centre, in Germiston, on Friday, marked the next step in steel producer ArcelorMittal South Africa’s (AMSA’s) long-term initiative to migrate the bulk of domestic final product steel distribution from road to rail. Dedicated rail links between... 

Significant growth ensures positive future for defence company

     24th February 2017 Swedish security and defence group Saab’s South African defence and security company Saab Grintek Defence (SGD) has expanded its client base and grown its staff complement, explaining that Saab Grintek Defence has a solid order book to 2020, firmly positioning the South African security and... 

DPI Plastics upgrades large-bore extrusion line for new Ultraflo™ range

     21st February 2017 DPI Plastics has upgraded the tooling on its large-bore extrusion line at its Roodekop facility in Johannesburg in order to extend its current range of Ultraflo™ PVC-m pressure pipes to include diameters of up to 630 mm and a 16-bar maximum operating pressure. The Ultraflo™ range has been... 

Noncommunicable diseases present African pharmaceutical industry with a $40bn opportunity

By: Megan van Wyngaardt     20th February 2017 The growing incidence of noncommunicable diseases (NCDs) across sub-Saharan Africa, such as cardiovascular disease, cancer, diabetes and respiratory disease, in addition to infectious and parasitic illness, will present the pharmaceutical industry in Africa with a business opportunity of... 

New-look M&R to transfer listing to Diversified Industrials board from Heavy Construction

By: Terence Creamer     20th February 2017 Murray & Roberts (M&R) has confirmed that its application to transfer its listing from the ‘Construction and Materials’ sector of the JSE to the ‘General Industrials’ sector has been approved and that the change will become effective from Monday, March 20. From that date, the company will trade... 

Exponential increase in the number of power generation projects

By: Nadine James     17th February 2017 The African continent’s large energy deficit has resulted in an exponential increase in the number of power generation projects – both planned and implemented – as well as the number of stakeholders which are a consequence of renewed commercial interest in the African energy sector, says... 

Third Women in Energy conference cohosted at Energy Indaba

     17th February 2017 The yearly Women in Energy conference, organised by the Africa Energy Indaba, will bring together Africa’s leading women in the energy sector for its third iteration on Monday, February 20 at the Sandton Convention Centre in Johannesburg. The Africa Energy Indaba was the first energy conference... 

AFRICA GAS FORUM seeks to unlock new business opportunities for African investors

     15th February 2017 Will the nascent gas industry become South Africa’s new money-spinner? With a bleak outlook emanating out of last week’s #MiningIndaba, investors would be forgiven for losing their stomach for the mining sector and its troubles. Questions are being raised about whether South Africa’s gas sector,... 

Construction sector ‘pushing boundaries’ of transformation with ‘ground-breaking’ deal 

By: Terence Creamer     13th February 2017 Government and the seven leading construction companies reported further progress on Monday in the implementation of a voluntary agreement that seeks to materially accelerate the racial transformation of the South African industry and raise the combined revenue attributable to black contractors... 

Rapid response required to protect ‘cybertrust’

By: Schalk Burger     10th February 2017 The digital economy relies on trust as one of its key currencies; the other currency is time. Cyberattacks erode not only the psychological currency of trust in organisations, but also that of customers in organisations’ ability to withstand future breaches and protect their interests, says... 

S Africa to keep pace with automotive technology advances

By: Robyn Wilkinson     10th February 2017 With American analyst firm Gartner predicting that there will be a quarter of a billion connected vehicles on the road globally by 2020, equipped with new in-vehicle services and automated driving capabilities, asset and vehicle tracking solutions company Ctrack, part of Inseego Corp, says cars... 

Safety always a priority after 90 years in the welding business

     9th February 2017 Despite increasing legal pressure to ensure workplace safety, unsafe gas and electrical arc equipment continues to find its way into industry. This presents a legal risk to companies and a risk to the safety of their employees. As sub-Saharan Africa’s market leader in gases and welding products... 

Sluggish local economic outlook leads big companies to seek growth abroad

By: Megan van Wyngaardt     8th February 2017 As South Africa continues to face stagnant economic growth, spurred by political and economic instability, the country’s multinational enterprises (MNEs) are expected to not only increase their foreign investment outflows, but also to set up corporate offices abroad, a new survey reveals. South... 

ELB and ENFI announce African Partnership

     8th February 2017 After many years of working together, ELB Engineering Services and China ENFI Engineering Corporation are excited to announce their strategic partnership to tackle mineral and metal process projects, and associated infrastructure projects in Sub-Saharan Africa. This partnership combines the best... 

Babcock to launch new equipment, says customers upbeat about 2017

By: Ilan Solomons     7th February 2017 Engineering support services company Babcock will, during the course of this year, launch new “ground-breaking construction equipment”. “Babcock is renowned and respected for delivering high-production machinery that is also fuel efficient. Therefore, this year, we are adding the Volvo A60H, the... 

Detecting advanced cyberattacks to be key security focus in 2017

By: Schalk Burger     3rd February 2017 The rising dependence of economic and social systems on information technology (IT) systems has directly increased the risks to these systems from cyberattacks, the World Economic Forum Global Risks Report 2017 highlights. Cybercrime syndicates and attacks are growing increasingly sophisticated,... 

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