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Coal price expected to average $100/t as China turns to South Africa for coal

By: Martin Creamer 15th January 2021 China is buying South African coal at a time when analysts are forecasting a buoyant average coal price of $100/t for the first half (H1) of 2021. The purchase of South African coal by China follows Chinese relations with Australia deteriorating last year and imports of coal from Australia being... →

Philippines' Duterte stops mining on 'devastated' southern island

By: Reuters 12th January 2021 Philippine President Rodrigo Duterte has ordered a halt to all mining on an island in a southern province that is home to some of the country's nickel projects, a Cabinet official said on Tuesday. Duterte was "very much concerned" about reports that the Tumbagan Island in Languyan, in Tawi-Tawi... →

Absa PMI slumps to 50.3 in December

By: Marleny Arnoldi 8th January 2021 The seasonally adjusted Absa Purchasing Managers’ Index (PMI) declined to 50.3 index points in December, from 52.6 points in November. The reading just above 50 index points suggests that growth is levelling off in the manufacturing sector after solid month-on-month gains were recorded in the... →

International air transport body reports air cargo demand continues recovery

By: Rebecca Campbell 8th January 2021 The International Air Transport Association (Iata) reported on Thursday that air cargo volumes increased in November last year in comparison to October. However, they were still down on the figures for November 2019. The continued parking of many passenger aircraft meant that global air cargo... →

New-vehicle sales down 29.1% in ‘extraordinary year’, says Naamsa

By: Irma Venter 8th January 2021 An “extraordinary year” that has brought “unprecedented challenges” to South Africa’s economy has seen new-vehicle sales decline by 29.1%, says the National Association of Automobile Manufacturers of South Africa (Naamsa). This follows a 2.8% drop in sales in 2019. →

Steel supply squeeze continues for downstream firms

By: Terence Creamer 7th January 2021 South Africa’s downstream fabricators and manufacturers are continuing to experience difficulties in securing steel and are also confronting rising prices, which could be partly attributed to the throttling of supply over the past few months. The Department of Trade, Industry and Competition... →

Sugar growers expand buy local campaign to try and save a 'million livelihoods'

By: News24Wire 7th January 2021 The SA Canegrowers' Association has expanded its campaign aimed at raising awareness of the serious threats facing the local sugar industry. Chief among these is the significant share of the local market that cheap imports hold, the association said in a statement on Thursday. →

Business confidence falls as fears over stricter lockdown regulations rise

By: Donna Slater 6th January 2021 Business confidence took a beating in December as companies became increasingly concerned that an increase in Covid-19 cases could result in more strict lockdown regulations being implemented, says information and insight provider IHS Markit economist David Owen. Commenting on the company's... →

Manufacturer’s high aspirations supported by quality offering

5th January 2021 BuTyl Technology aims to become the worlds most admired manufacturer and distributor of butyl tapes. Butyl is a synthetic rubber made from isobutylene and small portions of isoprene. It is a pressure sensitive product and can be modified by adding elasticisers, tackifiers, resins and fillers.... →

Teck preparing for possible strike at Westshore coal terminal

By: Reuters 18th December 2020 Miner Teck Resources on Thursday said it was preparing for the possible shutdown of a key coal export terminal on Canada's West Coast, after a union notice said strike action against terminal owner Westshore Terminals Investment could commence on Saturday. Westshore said Wednesday its Westshore... →

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