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Capital Equipment News
AMSA insists market changes, not protection behind April steel hikes 
By: Terence Creamer 16th March 2016 Steel producer ArcelorMittal South Africa (AMSA) informed its customers this week that it would be increasing prices on a range of steel products by up to 11% from April 1, but the JSE-listed group insisted that the hikes had nothing to do with recent increases in tariff protection from 0% to 10%... →
R1bn Gibela factory seen as stimulating South Africa’s rail reindustrialisation
By: Terence Creamer 4th March 2016 Ground was officially broken on Friday at the site of a new 60 000 m2 manufacturing plant, which is being built by the Gibela consortium for the production of new passenger trains for the State-owned Passenger Rail Agency of South Africa (PRASA). The R1-billion facility, which is being developed... →
Photo by Duane Daws
Transport Minister Dipuo Peters and Gibela CEO Marc Granger at the sod turning
Transport Minister Dipuo Peters and Gibela CEO Marc Granger at the sod turning
Note from Treasury provides clarification on locally manufactured valves and actuators
By: Anine Kilian 1st March 2016 The Valve and Actuator Manufacturers Cluster of South Africa (Vamcosa), which operates under the auspices of the South African Capital Equipment Export Council (Saceec), on Tuesday announced that the National Treasury had published an updated instruction note stipulating the minimum threshold for... →
Eqstra H1 profit falls on exit of noncore operations 
By: Natasha Odendaal 1st March 2016 JSE-listed Eqstra’s profits plunged into the red during the first half of the 2016 financial year, as an exit plan and overall progress made on the company’s 2020 strategy – and resultant impairments on discontinued operations – weighed on the interim financial results. The integrated leasing and... →
Eqstra CEO Jannie Serfontein discusses the company's first-half performance and the impact its strategy has had on the six months to December 2015. Date recorded: 01.03.2016. Camerawork and video editing: Nicholas Boyd.
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