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Components News

SA to unveil R5bn tax incentives for large projects later this year

By: Terence Creamer     11th August 2008 Agreement had finally been reached between the Department of Trade and Industry (DTI) and National Treasury on the structure of tax incentives worth R5-billion, which could be used to support large projects that meet South Africa's industrial-policy objectives. Speaking at a briefing to report... 

DTI discussing ‘all aspects’ of MIDP's successor with industry

By: Matthew Hill     11th August 2008 Trade and Industry Minister Mandisi Mpahlwa confirmed on Monday that the first draft outlining the new motor industry support programme has been completed and that it was on track to be announced in August. The government was involved in the final stages of consultation with the sector's... 

US scroungers target PGM-containing emissions-control devices

By: Irma Venter     8th August 2008 Copper cable theft is a crime familiar to South Africans - but ever heard of catalytic converter theft? 

German firms considering other shows besides Automechanika

By: Irma Venter     8th August 2008 South Africa is maybe ripe for other Messe Frankfurt shows, says management board member Detlef Braun. 

SA's automotive sector may record first trade surplus in more than decade

By: Irma Venter     4th August 2008 South Africa's automotive industry may boast a positive trade balance for the first time since 1995. In fact, the industry’s trade deficit of R34,6-billion recorded in 2007 may be eliminated completely in 2008, with a positive trade balance of R3-billion projected – which is a “fantastic... 

Heat exchanger preventive maintenance reduces energy, costs

By: Loni Prinsloo     1st August 2008 Well-planned maintenance of plate heat exchangers (PHEs) can assist companies to save energy, and reduce operational costs by up to 30%, says industrial process technologies supplier Alfa Laval. 

R1bn new investment for Uitenhage auto park

By: Mariaan Webb     28th July 2008 The Nelson Mandela Bay Logistics Park (NMBLP), in Uitenhage, could soon have six new automotive component investors on board, its operator said on Monday. The Coega Development Corporation (CDC), which recently took over the responsibility for the management and development of the automotive... 

Cosatu strike hurts SA's reputation with automotive investors

By: Matthew Hill     23rd July 2008 The strike that halted production at carmakers across South African would damage the country's reputation with investors, deterring new product product ranges in the future, General Motors South Africa (GMSA) cautioned on Wednesday. Ford, Daimler, GMSA and Volkswagen all told Engineering News... 

Manuel denies being opposed to industrial policy, as OECD slates the plan 

By: Terence Creamer     15th July 2008 Finance Minister Trevor Manuel has moved to strongly deny the persistent suggestion that he does not support South Africa's National Industrial Policy Framework (NIPF), but he stressed on Tuesday that all government programmes had to be "costed and viable" before the National Treasury would agree... 

Nedbank wants Tiwheel liquidated

By: Creamer Media Reporter      14th July 2008 Automotive wheel retailer Tiger Wheels (Tiwheel) on Monday said Nedgroup Investments 102 (Nedbank Group) had served a notice of motion to apply for the liquidation of the retailer. The retailer said its liability to the Nedbank Group was in relation to the financing of the property occupied by... 

Coatings multinational to buy Joburg auto-paint firm

By: Irma Venter     27th June 2008 BASF Coatings Services, a division of international chemical giant BASF, will take over MAB Auto Body Parts and Paint Centre, based in Johannesburg, pending approval by the Competition Commission. 

Big auto component contract comes with R55m tooling bonus

27th June 2008 Vehicle manufacturer Volkswagen of South Africa (VWSA) has secured a R12-billion contract to supply its German parent, the Volkswagen group, with diesel particulate filters (DPFs) for the next five years. 

Telimatrix optimistic about future, despite lower auto sales threatening to slow growth

By: Chanel de Bruyn     23rd June 2008 Vehicle tracking and fleet management company Telimatrix, which on Monday released its maiden year-end results since listing on the JSE in November last year, said it remained optimistic about the growth prospects of its business going forward. Telimatrix CEO Stefan (Joss) Joselowitz said the... 

Volkswagen SA wins R12bn component export contract

By: Irma Venter     17th June 2008 Volkswagen of South Africa (VWSA) has won a R12-billion contract to supply its German parent, the Volkswagen group, with diesel particulate filters (DPFs) for the next five years. VWSA will complete the contract in partnership with local catalytic converter and exhaust systems manufacturer,... 

Imperial sells UK auto parts supplier for £19,9m

By: Creamer Media Reporter      13th June 2008 Diversified group Imperial Holdings has sold its subsidiary vehicle and equipment parts supplier Multipart, in the UK, to Yelestre Holdings, which was controlled by Multipart management, for about £19,9-million, it said on Thursday. The proceeds of the sale would be used to reduce... 

New auto scheme to be supported by revamped incentive suite

By: Terence Creamer     9th June 2008 The architecture for the successor to the Motor Industry Development Programme (MIDP) had been agreed and an interdepartmental task team, which included the National Treasury, would finalise the technical details of the new instrument well in time for its unveiling in August, Department of Trade... 

New vehicle sales slow to lowest level since 2004

By: Matthew Hill     3rd June 2008 South African May new vehicle sales continued their downward trajectory, dropping 23,4% year-on-year, after public holidays, price increases, violent outbreaks around the country and higher lending rates let the air out of their tyres, an industry body reported on Tuesday. Even heavy... 

Range and value of SA component exports improved materially in 2007

By: Irma Venter     30th May 2008 The value of component exports from South Africa soared by 59% in 2007 compared to 2006, says National Association of Automotive Component and Allied Manufacturers (Naacam) executive director Roger Pitot. 

MIDP uncertainty blamed for 6,2% fall in SA catalytic-converter exports

By: Irma Venter     2nd May 2008 The South African catalytic converter industry last year suffered its first decline in export volumes since the establishment of the local industry in the 1990s, says Catalytic Converter Interest Group (CCIG) chairperson Hans Kuehn. He is also the CEO of automotive catalyst manufacturer Umicore,... 

SA to host own version of Germany's Automechanika

By: Irma Venter     18th April 2008 South Africa will host a local version of the German Automechanika show next year. 

New vehicle sales continue down bumpy road

By: Matthew Hill     2nd April 2008 The ever increasing interest rates and new credit legislation in March again hijacked South African new vehicle sales, with figures showing a "massive decline" of 17,5% year-on-year, the National Association of Automobile Manufacturers of South Africa (Naamsa) reported on Wednesday, but... 

SA to host own version of Germany's Automechanika in 2009

By: Irma Venter     2nd April 2008 South Africa will host a local version of the German Automechanika show in March next year. The show will be held at the Johannesburg Expo Centre from March 18, 2009, to March 21, 2009, showcasing the local and international components industry, the automotive aftermarket, workshops, car wash... 

Control Instruments to post full-year loss

By: Mariaan Webb     10th March 2008 JSE-listed Control Instruments said on Monday that it would post a headline earnings a share loss of between 55c a share and 65c a share for the year ended December 31. Earnings a share, however, could increase to between 350c a share and 400c a share, after the firm sold it’s fleet... 

Components industry positive despite energy crisis 

By: Gerrit Bezuidenhout     22nd February 2008 This year should not see a marked difference in the automotive components industry despite the current energy crisis, says the National Association of Automotive Component and Allied Manufacturers (Naacam) 

Coega a possible components import site

22nd February 2008 The new port of Nqgura at the Coega Industrial Development Zone (IDZ) is being explored as a possible import site for containerized components and completely knocked-down parts, Coega IDZ manager of business development in automotive and logistics Gustav Meyer says. 

Update for electronic parts catalogue

By: Gerrit Bezuidenhout     22nd February 2008 Software developer for the automotive industry Multicat has updated the latest version of its Multicat electronic parts catalogue (EPC) 

Local company protects vehicles for export

22nd February 2008 After a disappointing 2007 and the weakness of the rand against foreign companies, there is a possibility that vehicle exports are to increase by almost 50% this year and original equipment manufacturers (OEMs) in South Africa are turning to industrial manufacturing company Tesa to ensure exports... 

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