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Eskom's gain South Africa's pain as investors balk at debt 

By: Bloomberg     24th June 2019 President Cyril Ramaphosa’s latest pledge to support Eskom Holdings is good news for the cash-strapped electricity company -- but some investors are balking at the prospect of increased sovereign-bond issuance to pay for the bailout. Ramaphosa told lawmakers last week South Africa would bring... 

Wild weather is endangering world's oldest form of clean power

By: Bloomberg     24th June 2019 The Kariba Dam has towered over one of Africa’s mightiest rivers for 60 years, forming the world’s largest reservoir and providing reliable electricity to Zambia and Zimbabwe. But as drought grips the region, flow on the Zambezi river has dwindled to a third of what it was a year ago. Last month,... 

Rio and ArcelorMittal tell different sides of iron-ore story

By: Bloomberg     21st June 2019 In the world of metals and mining, sometimes it’s better to sell the raw product rather than the finished one. This seems to be a lesson for investors who chose to hold shares in ArcelorMittal rather than Rio Tinto Group this year. Despite nagging trade tensions and fears about global growth,... 

Siemens Digital Industries 

21st June 2019 Automation and digitalisation innovation leader Digital Industries (DI) closely collaborates with its partners and customers to drive the digital transformation in the process and discrete industries and provides companies of all sizes with an end-to-end set of products, solutions and services to... 

SARB likely to cut rates at next meeting – economist 

By: News24Wire      21st June 2019 The South African Reserve Bank will likely cut the repo rate by about 25 basis points at its Monetary Policy Committee meeting in July and then keep rates flat for a while, Nicky Weimar, senior economist at Nedbank, said on Wednesday. In her view, such a rate cut might lead to some consumer... 

Company expands on fixing range

By: Khutso Maphatsoe     21st June 2019 Construction and fixing supplier Upat South Africa, the sole Southern African agents for fischer Fixings, has added its Duopower nylon expansion plug to its extensive range of fixings. Made from two different types of nylon, Upat technical sales director and co-owner, Kerry Kuhlmann, explains... 

Company expands and increases production

By: Khutso Maphatsoe     21st June 2019 Manufacturer Impala Bolt & Nut recently initiated an expansion programme to increase its warehouse and production facilities by nearly 3 000 m2.   The investment includes new plant and equipment, testing facilities and the implementation of a QR code product identification system to ensure... 

Industry needs to ‘normalise’ to foster growth

By: Jessica Oosthuizen     21st June 2019 The local gas and welding industry is still a reflection of what it was about 20 years ago and the industry is using less than 20% of the productive economy, which subsequently inhibits growth and development of the industry, says integrated gas and welding solutions provider Unique Welding... 

Unique cutting tool enhancing SA projects

By: Jessica Oosthuizen     21st June 2019 Construction products and fastener distributor Upat, which exclusively distributes power tools manufacturer Milwaukee power tool products in Southern Africa, is supplying the Milwaukee M18 FMCS metal-cutting saw to several projects in South Africa. Upat provides solutions for construction,... 

Maxiflex opens the door to modernity and security for students

20th June 2019 Students living at the stylish and secure My Domain student apartments in Cape Town enjoy easy, safe access to their underground parking bays thanks to the innovative high-speed door from Maxiflex. Featuring study areas, recreational spaces as well as a fitness centre, this designer facility... 

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