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Optimism prevails despite downturn

By: Darren Parker     Updated 6 hours ago Despite setbacks caused by Covid-19, and the riots and looting in July, tyre manufacturer and distributor Sumitomo Rubber South Africa is optimistic about the sustainability of the local tyre market. Several new products have been launched over the past few months, particularly in the Dunlop... 

Company can cater to high retrofitting demand

By: Cameron Mackay     Updated 6 hours ago Software solutions provider ABB Electrification has experienced high demand from the local market for energy-efficient systems related to integrating automation into electrical and mechanical systems, particularly in terms of retrofitting these products into older buildings. “These... 

Sars customs modernisation depends on new skills and industry support to shape smart ecosystem

By: Schalk Burger     16th September 2021 The customs modernisation programme of the South African Revenue Service (Sars), announced on September 1, requires the upskilling of customs officials, as well as the support of and collaboration with industries, businesses and the whole of government to shape a customs and trade ecosystem that... 

Grundfos looks to save energy through green, sustainable pumping systems

By: Simone Liedtke     16th September 2021 Incorrect sizing and the inefficient use of pumps contributes to about 10% of global energy consumption, says Grundfos business development manager for Industry: India, Middle East & Africa Saahil Khan. By optimising the pump design for energy efficient use and adapting the system to demand... 

Qld gets ready for first vanadium mine

By: Esmarie Iannucci     15th September 2021 The Queensland government has approved the mining license for the state’s first vanadium mine, green-lighting Multicom Resources’ A$250-million Saint Elmo project, near Julia Creek. “I congratulate Multicom as the first cab off the rank in an exciting new era for Queensland’s resources sector,... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Petra swings to full-year net profit, mulls selling Williamson mine

By: Marleny Arnoldi     14th September 2021 After completing a capital restructuring exercise and selling a number of exceptional white and blue diamonds, London-listed Petra Diamonds has narrowed its adjusted loss before tax for the financial year ended June 30 by 88% year-on-year to $8.9-million. In the prior financial year, the... 

Attacq withholds dividend for the sake of Waterfall City development

By: Marleny Arnoldi     14th September 2021 JSE-listed real estate investment trust (Reit) Attacq has reported strong distributable income growth from its South African operations for the financial year ended June 30 However, group distributable income decreased by 35.9% year-on-year to 46.8c a share.  

Rainy River’s near-term guidance reduced

By: Creamer Media Reporter      14th September 2021 Canadian miner New Gold has lowered its consolidated gold-equivalent production outlook for 2021, following a reduction in the guidance of the Rainy River mine, in Ontario, where lower-than-modelled gold grades were encountered in July and August. Rainy River’s gold-equivalent production for... 

ICA urges Sasria to start paying out partial claims to assist riot-affected businesses

By: Simone Liedtke     13th September 2021 Public loss adjuster Insurance Claims Africa (ICA) is urging the South African Special Risk Insurance Association (Sasria) to urgently pay riot-related claimants 30% of their insured sum upfront, in order to assist cash-strapped businesses get back on their feet as quickly as possible and prevent... 

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