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Latest Videos
KPMG scandal could be the tip of the iceberg 
By: Aubrey Matshiqi 20th October 2017 The KPMG scandal is an example of what happens when accounting meets the profit imperative. It is also an example of what happens when the profit motive, accounting and politics meet. That said, I am happy that members of Parliament's Standing Committee on Public Accounts (Scopa) are not as... →
R20bn Swazi Rail Link being prepared for presentation to investors before year-end
By: Terence Creamer 12th October 2017 An expression of interest (EoI) for the R20-billion crossborder Swazi Rail Link infrastructure project between South Africa and Swaziland will be released to potential investors before the end of 2017, South Africa’s Transnet Freight Rail (TFR) and Swaziland Rail confirmed on Thursday. The 150 km... →
Transport key to continental integration, says minister
By: Anine Kilian 11th October 2017 Intercontinental integration is not feasible without transport playing a critical and strategic role in ensuring that African countries are linked through roads, railway lines, shipping routes and air transport connections, says Deputy Transport Minister Sindisiwe Chikunga. Speaking at the... →
SA Mint launches new coin to honour stalwart OR Tambo
By: Natasha Odendaal 4th October 2017 The South African Mint Company (SA Mint) on Wednesday unveiled a new R5 general circulation coin, as well as a series of collectible coins, under the theme ‘freedom, democracy and culture’ to commemorate the birth centenary of late struggle stalwart Oliver Reginald Tambo. Showcasing the new coins... →
NDT at height can start immediately after shutdown
By: Victor Moolman 29th September 2017 Industrial rope access specialist Skyriders Access Specialists (Skyriders) can reach high places as soon as ropes have been rigged after which nondestructive testing (NDT) can be done. Skyriders marketing manager Mike Zinn explains that the company uses rope access techniques to do different... →
BMG invests R400m in Joburg distribution centre
By: Mia Breytenbach 29th September 2017 Technical solutions provider BMG, which is part of Invicta Holdings, has officially launched its BMG World site, in Johannesburg, which is the culmination of a consolidation and supply chain re-engineering strategy that began nearly ten years ago. “The company’s R400-million investment to upgrade... →
Blue Chip Lubricants opens plant, seals empowerment deal as it aims for fifth of the market
By: Irma Venter 28th September 2017 Blue Chip Lubricants (BCL) has completed the construction of a new blending plant in Johannesburg, which it hopes will help the company to secure a fifth of the lubricants market in South Africa. The company will be aided in this ambition by the sale of 51% of the business to black-owned firm... →
Sasol proposes new R21bn BBBEE ownership transaction
By: Anine Kilian 20th September 2017 JSE-listed Sasol on Wednesday announced a proposed new R21-billion broad-based black economic empowerment (BBBEE) ownership transaction, Sasol Khanyisa, which will replace Sasol’s debt-ridden Sasol Inzalo fund, which expires in June 2018. When Sasol Inzalo lapses, it will not be able to... →
Big fall in DBSA disbursements partly attributed to renewables stand-off
By: Terence Creamer 19th September 2017 The Development Bank of Southern Africa (DBSA) recorded a sharp fall in disbursements to R12.4-billion in 2017, from a record R17.1-billion in 2016, but has promised to "step up" its role as a catalyst of development in 2018, setting a R20-billion disbursement target for the year. The development... →
Repackaged technology to serve local minerals market well – FLSmidth
By: Dylan Slater 15th September 2017 The repackaging of established technology to process mined minerals is set to serve the local market well, according to mining and cement process technology company FLSmidth. →
Afrox sees 22% increase in headline earnings
By: Anine Kilian 8th September 2017 JSE-listed African Oxygen (Afrox) has reported a 22% rise in headline earnings a share to 93.3c, though this was at the lower end of the company’s recent guidance for the half-year ended June 30. Delivering the company’s financial results presentation in Johannesburg on Friday, CEO Schalk Venter... →
Sandvik unveils new R15m local production facility, launches new LHD line
By: Ilan Solomons 5th September 2017 Mining equipment and services provider Sandvik Mining and Rock Technology on Tuesday officially opened its new R15-million production unit in Boksburg. The opening of the new 1 500 m2 facility, which has ten production bays, coincided with the launch of the 5 t Sandvik LH115L low-profile load... →
Zest WEG Group achieves Level 2 BBBEE status
By: Mia Breytenbach 1st September 2017 Motor and controls manufacturer WEG subsidiary Zest WEG Group has taken steps to create a broader-based and more sustainable ownership foundation to ensure its compliance with the new Broad-Based Black Economic Empowerment (BBBEE) Codes of Good Practice, which has seen the group achieve a Level 2... →
Caterpillar inaugurates new Joburg parts distribution centre
By: Mia Breytenbach 31st August 2017 Caterpillar has officially inaugurated its new parts distribution facility, near Johannesburg, Gauteng. The 60 000 m2 facility consolidated two smaller parts distribution sites – Linbro Park and Isando – and offers several advantages, including enabling the company to work more efficiently, while... →
Unnurtured mining industry will disappear – Sibanye-Stillwater
By: Martin Creamer 30th August 2017 An unnurtured South African mining industry will disappear, Sibanye-Stillwater CEO Neal Froneman warned on Wednesday, when he slated the regulator for allowing illegal mining activity to spiral out of control and for causing equity risk and the cost of capital to rise, placing mining companies at... →
Torre optimistic of future growth after restructure
By: Natasha Odendaal 30th August 2017 After two years of restructuring, integration and “taking pain” while realigning itself to deliver improvements, JSE-Listed Torre Industries is optimistic of the future as the group starts to show signs of recovery. The industrial group on Wednesday posted stronger improvements in the second half... →
Khato Holdings – growing Africa on time and within budget
29th August 2017 With plans to expand further in Africa, South African black emerging design and construction company Khato Civils expects that, in three to five years, 20% of its workload will be attributable to South Africa, while 80% will be based across the rest of the continent. →
Unique bevelling, cutting and welding reduces chance of microbial growth
By: Victor Moolman 25th August 2017 Owing to the existence of pipes and tubes in the food and beverage industry with improper welds – making them more susceptible to the growth of micro bacteria and organisms – industrial product supplier Actum Industrial says the high-quality end results of its Orbitalum orbital cutting, bevelling... →
Incremental improvements now leading to energy efficiency
By: Robyn Wilkinson 25th August 2017 Having reached an advanced stage, power generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies,... →
Sasol review may result in sale or closure of assets, but no ‘fire sale’ 
By: Terence Creamer 21st August 2017 Chemicals and energy group Sasol has announced that an asset-review process is under way that could result in the sale, closure or growth of certain assets. However, the JSE-listed company has also stressed that there will be no “fire sale”. Joint president and CEO Bongani Nqwababa reports that... →
Sasol turns to courts after Sars slaps it with tax bills worth R12.8bn
By: Terence Creamer 21st August 2017 JSE-listed energy and chemicals group Sasol will approach the Supreme Court of Appeal (SCA) to resolve a tax dispute with the South African Revenue Service (Sars), which has slapped it with assessments for outstanding tax liabilities and penalties worth R12.8-billion. The company made a... →
Diverse assets for infrastructure in demand
By: Marleny Arnoldi 18th August 2017 In the commercial and industrial property development space, as well as its supporting infrastructure, there is demand for high-quality, diverse assets with strategic locations and offering optimal planning and design, says consultancy firm WSP. →
Act revised to apply tariffs on imported products
By: Victor Moolman 18th August 2017 Earlier this year, the Preferential Procurement Policy Framework Act (PPPFA) was adapted to include designation of domestic steel, wire and other industry products, and although it came into effect in April, the South African Wire Association (SAWA) says it is too soon for the steel construction... →
Think-tank hands over title deeds to residents of Western Cape town
By: Ilan Solomons 11th August 2017 Think tank the Free Market Foundation’s (FMF’s) Khaya Lam land reform project last month handed over the latest batch of title deeds to residents in the town of Grabouw, in the Western Cape, thereby taking the project’s total title deed handover tally to 1 360. Khaya Lam project manager Perry... →
IDC reports strong rise in support for black industrialists as disbursements fall
By: Terence Creamer 31st July 2017 South Africa’s Industrial Development Corporation (IDC) has announced that its funding approvals have increased to a record R15.3-billion in 2017, but also confirmed that it would not meet a five-year target, set in 2015, of R100-billion in approvals by 2020. Presenting the financials in... →
Restructuring of Scaw into three standalone entities at an advanced stage
By: Terence Creamer 31st July 2017 South Africa’s State-owned Industrial Development Corporation (IDC) announced on Monday that the restructuring of its steel subsidiary Scaw Metals into three standalone entities was at an advanced stage, as were plans to secure strategic equity partners (SEPs) for each of the units. Speaking at... →
Names of all IDC clients, including politically exposed people, now being made public
By: Terence Creamer 31st July 2017 The Industrial Development Corporation (IDC) has officially started to publish, on its website, the identities of all of its clients, including those officially identified as politically exposed people (PEPs). This disclosure affects all of the State-owned development finance institution’s... →
Bearings, power transmission giant moves to 5 000 m2 site
By: Mia Breytenbach 28th July 2017 As part of its business strategy to re-engineer and optimise global operations, bearings and mechanical power transmission solutions provider Timken has opened a new facility in Gauteng. The facility spans almost 5,000 m2 and is home to Timken South Africa’s bearing repair and assembly... →
Vehicle industry benefits from process range
By: Victor Moolman 28th July 2017 Since it obtained its licence from heat treating and manufacturing services company Nitrex in Canada, heat treatment specialist P.H. Heat Treatment provides the automotive industry with controlled nitriding and ferritic nitrocarburising processes for automotive components, which form part of the... →
Freight of components can be tracked
By: Victor Moolman 28th July 2017 To help control import costs and combat the volatile rand, import and working capital specialists Investec Import Solutions’ online client portal BlueLink, offers a complete end-to-end view of your entire import transaction on one platform from order placement through to delivery. →
Automotive future positive through telematics
By: Victor Moolman 28th July 2017 The future for automotive fleet management through telematics is positive, says JSE-listed fleet management, insurance telematics and stolen vehicle recovery service provider Cartrack. →
Local company to supply wheel assemblies for new BMW X3
By: Victor Moolman 28th July 2017 Wheel assembly solution provider Wheel Assemblers will supply tyre and rim assemblies for the new X3 (G01) model from German vehicle manufacturer BMW South Africa (SA) to be built in Rosslyn, Pretoria. →
Spread of counterfeit goods eased through social media
By: Victor Moolman 28th July 2017 However, he points out that while counterfeiting takes place in these informal markets, the firm has also seen reputable motor parts dealers selling counterfeit goods alongside original-equipment manufacturer (OEM) parts, which is why some OEMs have appointed regulated parts dealers. →
Technology, digital solutions part of Botswana firm’s microfinance arsenal as it expands across Africa
By: David Oliveira 28th July 2017 Botswana-based microfinance company Letshego Holdings, which operates in 11 African countries, aims to use technology and digital solutions to affect economic redress in Africa and provide financial inclusion for the continent’s most underserved markets. Letshego MD Chris Low explains that the... →
Training facility to improve skills deficit in artisan industry
By: Simone Liedtke 28th July 2017 Industrial rope access specialist Skyriders Access Specialists aims to bridge the rope access skills deficit in the artisan industry through offering training at its Midrand-based facility, states Skyriders marketing manager Mike Zinn. →
Eskom tariffs in AMSA’s action plan crosshairs as losses spike
By: Terence Creamer 27th July 2017 Steel producer ArcelorMittal South Africa (AMSA) will approach the National Energy Regulator of South Africa (Nersa) directly with a request for discounted electricity tariffs as part of a multi-pronged business sustainability action plan unveiled after the JSE-listed group slumped to a... →
‘Durban’s best kept secret’ honoured for technical excellence
By: Robyn Wilkinson 21st July 2017 Engineering and project management consultancy Royal HaskoningDHV South Africa was awarded the South African Institution of Civil Engineering (SAICE) Durban branch’s prestigious technical excellence award last month for the design and construction of Main Road 577 (MR577), with SAICE calling it... →
Mobile solution launched to great effect
By: Tasneem Bulbulia 21st July 2017 Specialist business and project management consultancy SSG Consulting has introduced its newly developed mobile application (app) for its KEY360 management software. The app was showcased at the Mobile App Launch breakfast in May at the Johannesburg Country Club. →
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