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Bearings International News

Toolkit caters for agriculture sector

2nd April 2021 Tools manufacturer Jonnesway’s customised Agri toolkit is a solution comprising tools that have been selected by farmers, for farmers. “The Jonnesway Agri toolkit has become a key offering under bearings and accessories distributor Bearings International’s agri-smart banner,” says Jonnesway... 

Sugar masterplan is sweet news to major suppliers like BI

9th March 2021 The sugar masterplan being implemented by the government has seen a commitment from large users to procure at least 80% of their requirements from local growers. The result has been a significant boost for local production, as noted by President Cyril Ramaphosa in his State of the Nation Address... 

Hudaco says business remains ‘solid’, despite trauma, hardship of 2020

29th January 2021 Describing 2020 as “a year of great trauma and hardship for people the world over”, branded automotive, industrial and electronic consumable product importer and distributor Hudaco’s headline earnings a share for the 2020 financial year, ended November 30, were down by 22.5% to R10.50, while... 

BI plans strategic acquisitions, new products and services for 2021

19th January 2021 The current economic situation might offer excellent opportunities for acquisitions within its field of operation, comments Bearings International (BI) Managing Director Bart Schoevaerts. This comes off the back of increased collaboration within the Hudaco Group, of which BI forms part. Plans for... 
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G7 DFIs, partners to invest over $80bn in African businesses

Development finance institutions (DFIs) of the Group of Seven (G7) economies, together with several multilateral partners, have announced their commitment to investing $80-billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa. Among... 

Nxesi issues new directive for workplace vaccinations

Employers should find a reasonable resolution that accommodates all parties where employees refuse to be vaccinated for medical and constitutional grounds. This is contained in the new consolidated directive on occupational health and safety (OHS) measures in certain workplaces, which was... 
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