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CDC continues to advance inclusive growth, development

By: Tasneem Bulbulia     15th October 2021 The Coega Development Corporation (CDC) is working to advance the inclusive growth and socioeconomic development of the country, says CDC marketing and communications head Dr Ayanda Vilakazi. A year ago, Eastern Cape Finance and Economic Development, Environmental Affairs and Tourism MEC Mlungisi... 

Tshwane Automotive SEZ setting a precedent for speedy development

By: Marleny Arnoldi     15th October 2021 Trade, Industry and Competition deputy Minister Fikile Majola this week said the Tshwane Automotive Special Economic Zone (TASEZ) represents a turning point in how special economic zones (SEZs) must be owned and operated, adding that Gauteng’s economic development was being led by these... 

Steel demand expected to return to pre-pandemic levels this year

By: Schalk Burger     15th October 2021 This year has seen a stronger-than-expected recovery in steel demand, leading to upward revisions in the World Steel Association's (worldsteel's) forecast across the board except for China. "Owing to this vigorous recovery, global steel demand outside China is expected to return to its... 

Fastening systems used at solar plants

By: Khutso Maphatsoe     15th October 2021 Industrial equipment supplier Actum Group has recently supplied its Ball-Lok cable ties for installation of cable management solutions at one of the largest solar plants in South Africa. 

New machinery introduced

By: Khutso Maphatsoe     15th October 2021 In the past 12 to 24 months, fastener manufacturer Impala Bolt & Nut introduced new machinery to its existing range. These are highly specialised machines, purpose built for the fastener industry, and were imported from Japan and Europe, with a turnaround time of between eight and 12 months. 

DTIC incentives

By: Riaan de Lange     15th October 2021 “There is no medicine like hope, no incentive so great, and no tonic so powerful as expectation of something better tomorrow.” So said Orison Swett Marden, but this begs the question: Would the ‘better tomorrow’ be attributable to incentives? Speaking of incentives, do you know how many incentive... 

Cartrack owner acquires 70.1% of Picup Technologies in R70m deal

By: Irma Venter     15th October 2021 Karooooo has acquired 70.1% of Picup Technologies (Picup) in a deal valued at R70-million.  Karooooo owns 100% of Cartrack, a mobility software-as-a-service (SaaS) platform that maximises the value of automotive and workflow data by providing real-time data analytics solutions for smart... 

Numsa rejects new wage offer, engineering strike continues

By: Reuters     14th October 2021 South Africa's biggest engineering union, Numsa, has rejected a new wage offer as a national strike that has already hit output at car maker BMW enters its second week on Thursday, employer body Seifsa said. The National Union of Metalworkers of South Africa (Numsa), with around 155,000 members... 

Platinum benefits from higher demand in glass industry

By: Marleny Arnoldi     13th October 2021 The World Platinum Investment Council’s (WPIC’s) latest forecast anticipates a 69% growth in demand for platinum from the glass industry, rising to 658 000 oz this year, compared with 391 000 oz in 2020. As a proportion of overall industrial demand for platinum, glass is set to contribute 9%... 

Volvo Group says launches world's first fossil-free steel vehicle

By: Reuters     13th October 2021 Truck maker AB Volvo said on Wednesday it had produced a prototype of what it said would be the world's first vehicles made of fossil-free steel. Volvo and steel-maker SSAB announced in April an agreement to produce the vehicles and start the production of prototypes this year. 

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