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Investors flee Canada's stock market on worst day in 80 years

By: Bloomberg     13th March 2020 Canadian stocks suffered a stunning 12% drop, the largest in eight decades, as investors size up the likelihood of a global recession because of the coronavirus pandemic. The S&P/TSX Composite Index had its biggest one-day decline since May 1940, according to data compiled by Bloomberg. The 230... 

Latest Airbus airliner gains certification from both Europe and the US

By: Rebecca Campbell     14th February 2020 Europe-based global aerospace group Airbus has announced that its A330-800 widebody airliner has been jointly certified by the European Aviation Safety Agency (EASA) and the US Federal Aviation Administration. This joint Type Certification followed 132 flights totalling 370 test flying hours,... 

Renascor ropes in Sicona for battery anode deal

By: Esmarie Iannucci     18th December 2019 Graphite developer Renascor Resources has entered into a non-binding memorandum of understanding (MoU) with battery anode company Sicona to jointly develop battery anode material. Under the terms of the MoU, the two companies will collaborate in the production of next-generation anode materials... 

Pessimism amongst business executives deepens as PMI Data remains in the contractionary zone

By: Creamer Media Reporter      2nd December 2019 Local industries continue to painstakingly navigate murky waters, characterised by poor business confidence and low business expectations in recent times, as particularly reflected by the nondescript performance of the Absa Purchasing Managers’ Index (PMI) released today for November 2019, the... 

Bloodhound LSR team lands in desert and gears up for high speed runs

18th October 2019 Bloodhound LSR team arrives at Hakskeenpan desert in South Africa for testing Car assembly begins after a successful journey overland from Johannesburg Painstaking process of clearing desert floor for safe high speed runs completed The Bloodhound LSR car has arrived safely at the Hakskeenpan... 

Former German company now South African owned

By: Simone Liedtke     4th October 2019 Composite insulators and related products manufacturer Pfisterer has completed its rebranding initiative and is now known as Vexila. The rebranding follows after Pfisterer, which was solely owned by the German group Pfisterer, decided to exit the South African market owing to a strategic... 

Latam adds next-gen Airbus A350 plane to its Sao Paulo–South Africa route

By: Marleny Arnoldi     16th August 2019 Latin American airline group Latam Airlines on Friday hosted a media tour of the latest addition to its fleet – an Airbus A350 XWB – which operates on its route between Sao Paulo, in Brazil, and Johannesburg. The plane, with the capacity to transport 30 business and 309 economy class passengers,... 

Machine tools sector preparing local manufacturing for 4IR

By: Tracy Hancock     7th June 2019 Technological advancements in the local machine tools industry will help grow South Africa’s struggling manufacturing sector, says corporate association of manufacturers Manufacturing Circle (MC) executive director Philippa Rodseth. The manufacturing sector’s contribution to South Africa’s gross... 

Business confidence marginally lower in May

By: Creamer Media Reporter      5th June 2019 The South African Chamber of Commerce and Industry's (Sacci’s) Business Confidence Index (BCI) declined to 93 in May, from 93.7 in April. It was also one index point lower than the 94 recorded in May 2018. 

SKF at Paris Air Show: taking engine performance to new heights

31st May 2019 SKF is to reveal its latest innovations for improving the efficiency of engine performance, whilst saving weight, at the upcoming Paris Air Show on 17-23 June 2019. The increasing demands being placed on the aerospace sector mean that suppliers need to be fast moving, innovative and provide full... 

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