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Simone Liedtke

Simone Liedtke

Simone Liedtke is a Creamer Media Contributing Editor Online and Social Media Specialist for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Macsteel launches third Macsteel Express franchise partnership

1st June 2021 Steel merchant Macsteel has launched the third of its independently owned Macsteel Express franchise partnerships, in Nelspruit, on June 1. Macsteel launched the first of its two franchise partner concept outlets in February this year in Klerksdorp and Welkom, respectively.   

Sibanye to buy back up to 5% of its shares

1st June 2021 Precious metals miner Sibanye-Stillwater will be implementing an on-market buyback of up to, but not exceeding, 5% of its ordinary shares in issue as at May 31. The buyback programme is consequential to the successful financial deleveraging and resumption of industry-leading dividend payments by... 

Bidvest expects its full-year earnings to exceed that of the prior year

1st June 2021 International services, trading and distribution company Bidvest’s growth for the 2021 financial year is set to accelerate, compared with its performance in the prior financial year. The company on June 1 reported that the first ten months of the 2021 financial year has made it clear that... 

Stage 2 load-shedding to resume from 16:00

1st June 2021 State-owned power utility Eskom will again be implementing Stage 2 load-shedding from 16:00 on June 1 to 05:00 on June 2. This is owing to further breakdowns of generating units at the Kriel, Arnot, Majuba and Tutuka power stations over the past 24 hours, as well as delays in returning units to... 

Absa PMI rises in May, suggesting another quarterly expansion

1st June 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) rose to 57.8 points in May  from 56.2 the month before, with four of the five subcomponents remaining well above the neutral 50-point mark.  Only the employment index dipped back into negative terrain for May. 

Famous Brands posts headlines loss on adverse impacts of Covid-19

1st June 2021 African food services franchisor Famous Brands reported a headline loss a share of 86c, and a basic loss a share of R12.37 for the financial year ended February 28 – largely owing to the adverse impact of Covid-19, which saw the food industry being among the worst hit sectors. CEO Darren Hele... 

Mondi completes acquisition of Turkish corrugated packaging company

1st June 2021 Paper and packaging company Mondi on June 1 confirmed that it had completed the acquisition of 90.38% of the outstanding shares in Olmuksan International Paper for €66-million. The implied enterprise value on a 100% basis would amount to about €88-million. 

IronRidge to progress restructuring, demerger of gold and lithium assets

1st June 2021 Aim-listed IronRidge Resources intends to progress with the restructuring of the company’s Cape Coast lithium portfolio and a demerger of the company’s gold assets in Côte d'Ivoire and Chad into a new gold-focused entity, NewGoldCo, which will be structured to permit quotation on a recognised... 

Commission recommends approval of Air Liquide’s proposed acquisition of Sasol ASUs

31st May 2021 The Competition Commission has recommended that the Competition Tribunal approve, with conditions, industrial gases company Air Liquide’s proposed acquisition of the business owning and operating 16 of petrochemicals group Sasol’s air separation units (ASUs). The target assets are 16 ASUs based... 

Aspen pledges support to ensure equitable Covid-19 vaccine access in Africa

31st May 2021 Multinational specialty pharmaceutical company Aspen has committed to making sterile manufacturing capacity available for equitable Covid-19 vaccine access to Africa, as part of the continent’s efforts to determine how it can expand its manufacturing capacity to establish supply across the... 

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