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Equipment News

Group seeks to enlarge farm equipment footprint

By: Irma Venter     3rd December 2010 JSE-listed multinational corporation Barloworld will start the distribution of two ranges of low-cost tractors in South Africa. 

PSV interim earnings fall in ‘tough’ interim period

By: Loni Prinsloo     22nd November 2010 AltX-listed PSV Holdings said on Monday that it had experienced its "toughest six-months trading period since listing in 2006", mainly owing to squeezed margins, paired with a decrease in government spending and time-consuming public tender processes. The diversified industrial engineering... 

Barloworld to distribute low-cost tractors, Chinese wheel-loaders in SA

By: Irma Venter     17th November 2010 JSE-listed multinational corporation Barloworld on Wednesday said that it had started the distribution of two ranges of low-cost tractors in South Africa. Barloworld CEO Clive Thomson said that the first was called Tafe, which was produced in India in collaboration with well-known agricultural... 

Eskom, CSIR sign deal on research

By: Sapa     22nd October 2010 Electricity parastatal Eskom and the Council for Scientific and Industrial Research (CSIR) on Friday signed a memorandum of agreement (MoA) to collaborate in the area of research and development. "This collaboration will be in a variety of areas ranging from energy modelling to future... 

Sugar producer awards front-end package for Swaziland factory

2nd July 2010 Equipment design, project management and engineering specialist Bosch Projects was recently commissioned by JSE-listed sugar producer Illovo Sugar to complete a front-end package (FEP) which includes providing the design and capital cost estimates for the expansion of Illovo Sugar’s Ubombo sugar... 

Industry research efforts make headway

By: Eleanor Seggie     2nd July 2010 The Sugar Milling Research Institute (SMRI) reports that its research and development (R&D) initiatives have resulted in a number of commercial opportunities that will add significant value to sugar-cane processing.  

Emerging exporter focuses on investing locally

By: Eleanor Seggie     15th January 2010 Agricultural equipment supplier Agro Tractor House reports that import tariffs are too high and plans on investing more in manufacturing locally, on a small scale, and increasing its sales to the South African market. “There will be a 60% manufacturing input locally and a 40% manufacturing input... 

Land Bank teams up with Masisizane to grow agriculture sector 

By: Chanel de Bruyn     18th November 2009 Old Mutual’s Masisizane development finance fund and the Land Bank on Wednesday signed a memorandum of understanding (MoU) to collaborate their efforts to ensure growth in the agricultural sector and to create sustainable jobs, particularly in South Africa’s rural areas. Land Bank CEO Phakamani... 

Barloworld expects ‘another challenging year' in 2010 

By: Terence Creamer     16th November 2009 Diversified industrial group Barloworld, which reported a 25% drop in operating profit to R1,9-billion for the year to September 30, 2009, said on Monday that it expected 2010 to be "another challenging year". Group revenue declined by 10% to R42,2-billion from over R46-billion in 2008, despite... 

Poultry firm invests R70m in processing plant, support services

By: Darren Parker     6th November 2009 Poultry producer Sovereign Foods, formally known as Rocklands Poultry, has made a multimillion rands investment in its processing plant and support services, creating the capacity to process up to 60-million birds a year, almost doubling the number of jobs sustained by its Uitenhage factory and... 

Global farm equipment maker eyeing Africa’s 
‘significant potential’

By: Darren Parker     11th September 2009 Global agricultural equipment manufacturer and distributor Agco is to expand its business into Africa, which it sees as having significant potential for growth in the agricultural sector, Agco chairperson, president and CEO Martin Richenhagen told media at the end of August. 

Afgri lifts FY profit on near-record maize crop, improved environment

By: Chanel de Bruyn     2nd September 2009 A strong agricultural year in South Africa led to JSE-listed agricultural services group Afgri increasing its net profit for the year ended June 30, 2009, to R354-million, up 18% on the R299-million in net profit achieved in the 16 months ended June 2008. Its diluted earnings a share improved to... 

Eqstra posts R45m profit, expects earnings growth in 2010

By: Esmarie Iannucci     26th August 2009 Integrated leasing and capital equipment group Eqstra Holdings on Wednesday reported profit of R45-million for its first full trading year as a listed company. Basic earnings and headline earnings a share for the year ended June were 16,6c and 12c a share respectively, which is 90,3% and 92,4%... 

Test article

By: Site Administrator     1st January 1990 Test article 

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