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Hope for SA economy: Thinking ahead to Fourth Industrial Automation technologies

Updated 1 hour 6 minutes ago South Africa’s economy may be nearing the end of its slump, and could start showing stronger growth by 2021/22, says leading economist  After years of slow grow, South Africa may be over the worst, and could start seeing growth by 2021/22. This is according to leading economist Mike Schüssler,... 

Sibanye keeps option to increase Lonmin offer against rival bid 

By: Bloomberg     20th May 2019 Sibanye Gold reiterated that its increased offer for Lonmin Plc is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge. While its current offer “is final and will not be increased", the company “reserves the right to set aside the no increase... 

Mboweni poised to retain post 

By: Bloomberg     20th May 2019 Finance Minister Tito Mboweni is likely to hold on to his job for at least another year, as President Cyril Ramaphosa moves to re-assure investors and ratings companies that the economy is in good hands, according to two people familiar with the Cabinet selection process. The former central bank... 

Buoyed by mining recovery, Barloworld looks to Mongolia for growth 

By: Irma Venter     20th May 2019 Barloworld’s results on Monday reflected some of the biggest trends in the South African economy, with the company reporting a sharp drop in equipment sales to the troubled construction industry, as well as a decline in new-vehicle sales and car rental days, but with the mining industry seemingly... 

Researchers see manganese helping fuel cells down cost curve 

By: Martin Creamer     20th May 2019 A new manganese-containing material may contribute to platinum-using hydrogen fuel cells being driven down the cost curve. The new material, made from manganese hydride, is being earmarked for use in molecular sieves that work with the fuel cells in hydrogen fuelled systems that generate... 

Sibanye, Lonmin merger enters final stretch as AMCU appeal is dismissed 

By: Marleny Arnoldi     17th May 2019 The Competition Appeal Court of South Africa (CACSA) on Friday gave the green light for JSE- and NYSE-listed Sibanye-Stillwater’s proposed takeover of LSE- and JSE-listed Lonmin, dismissing an appeal filed by the Association of Mineworkers and Construction Union. CACSA upheld the Competition... 

Vulcan’s new MD Preggie Govender’s vision for growth

By: Creamer Media Reporter      17th May 2019 Vulcan Catering Equipment has a new Managing Director, Preggie Govender, who assumed the role in January and has moved from Vulcan’s Durban office to its head office in Industria, Johannesburg. Govender, 48, has a 29-year history with the company having moved up the ranks over the years. He was... 

Collaboration seen as key as SA moves to position for 4IR epoch 

By: Natasha Odendaal     17th May 2019 While President Cyril Ramaphosa’s Fourth Industrial Revolution (4IR) visions for South Africa are gaining some traction, the success of a new digital future will require extensive coordination and deep collaboration across every sphere and sector. Following a technology-centred State of the... 

Inaugural event to highlight local manufacturing capabilities

By: Halima Frost     17th May 2019 The first Local Southern African Manufacturing Expo (LME), which aims to highlight the capabilities of local manufacturers and, subsequently the ability to export, will be held from May 21 to 23, 2019 at the Expo Centre Nasrec, in Johannesburg. The expo will be hosted by the South African Capital... 

Mining supply chain event colocates with inaugural LME

By: Halima Frost     17th May 2019 The Southern African Institute of Mining and Metallurgy (SAIMM) will host the SA Mining Supply Chain Conference and Strategy Workshop at the Bateleur conference venue on May 22 and 23 at Expo Centre Nasrec, in Johannesburg, alongside the inaugural Southern African Local Manufacturing Expo (LME).... 

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