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Omnia to restructure as it seeks to reduce overextended balance sheet 

By: Schalk Burger     Updated 7 hours ago Diversified chemicals group Omnia will, over the next two years, focus on improving the profit margins of its companies’ services and products, ensuring that its assets and investments deliver value, as well as on pursuing international expansion of intellectual property-based businesses that... 

Omnia posts full-year loss on mix of negative drivers

By: Reuters     25th June 2019 Omnia Holdings, a South African chemicals and fertiliser maker, reported a full-year loss on Tuesday as a volatile currency, droughts, changes in the mining industry and difficult global trading conditions dented its business. The company, which also produces explosives, posted a headline loss... 

Welding industry shows steady growth and stability

By: Jessica Oosthuizen     21st June 2019 The welding industry is more stable, compared with other industries, such as civil engineering and construction, says mainstream industrial plant and equipment rental company Afritech Equipment Solutions projects manager Mornay Nortje. He tells Engineering News that demand for welding equipment... 

Ramaphosa confirms R230bn support for Eskom to be front-loaded

By: Terence Creamer     20th June 2019 President Cyril Ramaphosa announced on Thursday that the R230-billion in fiscal support being directed to debt-laden power utility Eskom over the coming ten years would be structured in a way that ensures a significant portion is provided in the early years. A Special Appropriation Bill would be... 

What does it take to keep hotel rooms clean & ready for visitors and tourists?

20th June 2019 With millions of people visiting our shores each year and thousands of hotel nights being booked each day, our hospitality sector is certainly kept very busy. According to the 2018 SA Tourism Annual Report[i], an estimated 10,285m tourists arrived on our shores in 2017, a 2,4% increase on the... 

Hydrogen offers pathway for lowering hard-to-abate carbon emissions – IEA 

By: Terence Creamer     14th June 2019 Hydrogen and hydrogen-based fuels could help facilitate the decarbonisation of a range of sectors where the pathway for achieving meaningful emission reductions is currently uncertain or difficult, a new global study argues. Released by the International Energy Agency (IEA) at a meeting of G20... 

Omnia flags full-year loss

By: Reuters     14th June 2019 South African chemicals and fertiliser maker Omnia Holdings said on Friday it expected to report a full-year loss as drought, a volatile currency, changes in the mining industry and difficult global trading conditions weighed on earnings. The firm said the headline loss per share, the main profit... 

Collaboration seen as key to unlocking South Africa’s industrial potential 

By: Simone Liedtke     14th June 2019 The revival of South Africa’s flagging manufacturing sector is core to President Cyril Ramaphosa’s broader economic recovery plan. The importance attributed to manufacturing can be seen in the President’s decision to appoint the experienced Ebrahim Patel to lead the newly restructured Trade and... 

New green building certification introduced in South Africa

By: Mc'Kyla Nortje     14th June 2019 Green building consulting company Solid Green Consulting is the first company to be working on an actual Living Building Challenge project in South Africa. The programme was developed by nongovernmental organisation International Living Future Institute (ILFI), to lead transformation towards a... 

DTI forges ahead with product standardisation task

By: Mamaili Mamaila     14th June 2019 Following Mining Charter III’s call to the Department of Trade and Industry (DTI) to develop a “Standardised Coding and Product Identification System in the Mining Supply Chain” whereby products can be identified using a unique name and code, the department has established a multistakeholder... 

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