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Caterpillar earnings dive as economy woes deter equipment purchases

By: Reuters     Updated 2 hours 51 minutes ago Caterpillar on Tuesday reported lower quarterly earnings as equipment sales fell across all of its three primary segments, reflecting a slow and uneven recovery in global economic activity from coronavirus lockdowns. The heavy equipment maker reported a third-quarter profit of $1.22 per share,... 

World Bank talks with South Africa stall over State company bailouts

By: Bloomberg     Updated 2 hours 52 minutes ago The World Bank has told South Africa’s government it has to cut its wage bill to qualify for a loan of as much as $2-billion and agree the money won’t be used to bail out insolvent State companies, a person familiar with the situation said. Those conditions have stalled negotiations on the loan... 

Rush Exhaust Purification

Updated 7 hours ago Rush Exhaust Purification cc primary line of business is catalytic converters (Purifiers) and Diesel Particulate Filters (DPF). Specializing in designing and manufacturing of exhaust systems, diesel particulate filters, water cooling pipes, air filtration systems and turbo intercooler charge... 

Traxtion to invest billions in rail infrastructure development over next five years

By: Simone Liedtke     26th October 2020 Rail services and solutions provider Traxtion Group intends to embark on a significant investment programme within South Africa’s rail sector, which will, at first, see an initial locomotive and wagon build programme of R1.5-billion upon conclusion of the appropriate access rights with... 

Maritime industry grappling with cyber-physical security as IT/OT converge

By: Schalk Burger     23rd October 2020 A panel of maritime and cybersecurity experts on October 21 discussed the changing demands on the maritime industry to ensure the physical security of vessels and shore side infrastructure and operations as information technology (IT) and operational technology (OT) converge. The convergence is... 

Professional body for supply chain management pledges to fight corruption

22nd October 2020 Southern Africa’s Professional Body for Supply Chain Management, SAPICS, has affirmed its support of an industry-wide pledge to fight corruption within the supply chain sector. “As the president of SAPICS, and in my capacity as the group chief procurement officer of PRASA,  and as a passionate... 

Datacentrix: HP Z-series answers call of industry

22nd October 2020 From the architect creating Virtual Reality building walk-throughs to the engineer’s need for the on-site processing power for 3D modelling, HP’s Z Series Workstations answer the call for potent computing solutions. Coupled with the Datacentrix configuration-to-operation service, power industries... 

Metso Outotec starts operations - partner for positive change for tomorrow’s aggregates, minerals, metals and recycling industries

22nd October 2020 As sustainable processing of the world’s natural resources is becoming a norm within the industries, Metso Outotec is driving the transformation.  Metso Outotec, a unique new company with leadership in sustainable minerals and metals processing and recycling technologies begins its operations... 

Law to overhaul corruption-prone public procurement still some way off 

By: Terence Creamer     21st October 2020 The National Treasury is preparing sweeping legislative changes to the way procurement, which has become highly prone to corruption, is undertaken by public entities, including State-owned companies. It has indicated, however, that the new legal framework is likely to be passed by Parliament only... 

Wärtsilä wins 128 MW power contract at Grasberg

By: Mariaan Webb     21st October 2020 The technology group Wärtsilä has received contracts from PT Freeport Indonesia for a 128 MW power plant to supply electricity to the Grasberg mine. The plant will be located at Amamapare, PT Freeport Indonesia’s port site in Papua. From here, the electricity will be fed to the Grasberg mine... 

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