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TCTA appoints interim CFO

By: Marleny Arnoldi     21st June 2019 Trans-Caledon Tunnel Authority (TCTA) on Friday announced that its CFO Halima Nazeer had resigned, effective July 1. She has worked for TCTA since 2001 and will now pursue a director-general position of finance, budgeting and accounting at New Development Bank Shanghai.  

SA urged to home in on green-hydrogen export niche

By: Schalk Burger     21st June 2019 The technology to produce green hydrogen, which is produced by electrolysing water using renewable energy, in South Africa is becoming cost-effective enough to develop the capacity to sell the product in local and international industrial markets, says technical advisory services firm Kambuku... 

Thumperian Principle

By: Riaan de Lange     21st June 2019 Now tell me that the headline did not evoke the thought of Donald Trump – even though there is an ‘h’, and not an ‘r’ after the “T”. The principle in question is also known as the Thumper’s Rule. The difference between a principle and a rule is that a principle internally motivates you to do the... 

Local cotton lint buying driving clothing and textile industry’s revitalisation 

By: Marleny Arnoldi     19th June 2019 Clothing retailer Edcon has increased its order for cotton lint to 2 200 t for the next year as part of its commitment to the clothing and textile industry through the Sustainable Cotton Cluster (SCC). Edcon first bought 600 t of cotton lint in mid-2016 when it signed a cotton lint commitment... 

State capture inquiry hears about 'Myeni's person' at SAA

By: News24Wire      18th June 2019 The judicial commission of inquiry into State capture on Tuesday heard from a former South African Airways executive about how she was advised by then board chairperson Dudu Myeni to interact with her "personal advisor". The airline's former chief financial officer Phumeza Nhantsi, a chartered... 

South Africa finds a credit rating, once lost, is hard to regain 

By: Bloomberg     18th June 2019 Lesetja Kganyago, then the top official at South Africa’s National Treasury, was taking a break at Sugarloaf Mountain in Rio de Janeiro between two G20 meetings in November 2008 when he got the bad news. Barely three years after his country had managed to get its highest-ever investment-grade... 

Taseko appoints new president, Hallbauer remains CEO

By: Creamer Media Reporter      14th June 2019 Copper miner Taseko Mines on Friday announced several senior management changes, including the appointment of current CFO Stuart McDonald as its new president – a position that Russell Hallbauer previously held. Hallbauer, who was president and CEO, would remain as CEO of the company. 

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... 

Industrial development funding mix can improve success 

By: Schalk Burger     14th June 2019 A diversified funding mixture to stimulate industrial activity and development will help to improve success and can lead to growth partnerships with investors and government, as well as more rapid growth if successful, states industry body Commercial Aerospace Manufacturing Association of South... 

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... 

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