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Marleny Arnoldi

Marleny Arnoldi

Marleny Arnoldi is a Creamer Media Contributing Editor Online for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Macsteel commits to paying SME suppliers in 30 days

11th February 2021 Steel merchant Macsteel has committed to its paying small- and medium-sized enterprise (SME) suppliers within 30 days, in a bid to contribute to the growth of this critical sector of the South African economy. Macsteel is the latest company to join Business for South Africa’s (B4SA’s) #PayIn30... 

Manufacturing output increases by 1.8% in December

11th February 2021 Manufacturing output increased by 1.8% in December 2020 compared with December 2019, Statistics South Africa (Stats SA) reported on February 11. Nedbank said it was the first time that annual factory output had grown since May 2019, surpassing the bank’s expectation of a contraction.  

Tsodilo concludes second tranche of private placement

11th February 2021 TSX-listed Tsodilo Resources has closed the second and final tranche of its private placement financing for gross proceeds of $150 000. The company issued 300 000 shares at a price of C$0.50 apiece.  

ESG is key to future resilience, says Mgojo

11th February 2021 In the recent past, environmental, social and governance (ESG) criteria were predominantly focused on environmental impact and related governance issues, such as climate change. However, since the Covid-19 pandemic has affected the everyday lives of people across the world, more companies are... 

Italtile grows interim profit to R1.4bn

11th February 2021 JSE-listed tile and bathroomware manufacturer Italtile has achieved trading profit growth of 38% year-on-year to R1.4-billion for the six months ended December 31, 2020. The company declared an interim ordinary dividend of 31c apiece, up 35% from the 23c apiece interim dividend declared for the... 

Tharisa declares final dividend of $0.035

11th February 2021 LSE- and JSE-listed Tharisa has declared a final dividend of $0.035 apiece for the financial year ended September 30, 2020. Executive chairperson Phoevos Pouroulis said in a statement on February 11 that the company had taken tough decisions over the last year, which has started to bear fruit... 

SAISC urges stakeholders to raise steel shortage concerns amid Itac import rebate investigation

10th February 2021 The International Trade Administration Commission (Itac) has reportedly received a policy directive from Trade, Industry and Competition Minister Ebrahim Patel to investigate the creation of a rebate facility of customs and safeguard duties to cover imported flat steel products used by the... 

Higher gold price to boost Gold Fields' headline earnings

10th February 2021 NYSE- and JSE-listed Gold Fields expects its headline earnings per share (HEPS) for the year ended December 31, 2020, to be between $0.81 and $0.85 . This marks an increase of about 305% compared with the HEPS of $0.20 reported for 2019.  

Agri associations warn of farmworker jobs losses as minimum wage increased

10th February 2021 Employment and Labour Minister Thulas Nxesi has announced that the National Minimum Wage (NMW) for each ordinary hour worked has been increased from R20.76 to R21.69 for 2021, effective March 1. The NMW legislation came into effect on January 1, 2019, starting with R20 an hour, which is the... 

Petra introduces changes at Williamson as human rights abuses investigation continues

10th February 2021 London-listed diamond miner Petra Diamonds is already making some changes, such as appointing a new security contractor and implementing a new grievance mechanism, at its Williamson mine, in Tanzania, while it finalises an investigation into alleged human rights abuses by security personnel at... 

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