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Rush Exhaust Purification

25th September 2020 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... →

Armscor – Providing Cost Effective And Efficient Defence Solutions

24th September 2020 The Armaments Corporation of South Africa SOC Limited (Armscor) is an acquisition agency for the South African Department of Defence. Its mandate is to provide armed forces with the state-of-the-art defence materiél required to provide safety and security for South Africa, its citizens and the... →

Hulamin expects to return to profitability in the second half of this year

By: Tasneem Bulbulia 21st September 2020 Significant cost reduction efforts, coupled with stringent controls over working capital, helped to reduce the impact of Covid-19-related restrictions on aluminium supplier Hulamin's performance for the six months ended June 30, CEO Richard Jacob said on September 21. The company noted that cost... →

South African steel sector requires investment, increased local procurement

By: Tasneem Bulbulia 21st September 2020 The global spread of Covid-19 has locked the local steel industry in a chokehold, further weakening the already distressed manufacturing sector, says steel manufacturing company Veer Steel Mills business strategy and projects manager Neil Reddy. “The synergy is such that the steel industry will... →

Venture capital set for slowdown after record 2019 performance

By: Tasneem Bulbulia 18th September 2020 While South African venture capital (VC) investors may have seen a significant slowdown in deal activity this year as a result of measures implemented globally to contain the spread of Covid-19, the local VC landscape experienced record investment and exit activity in 2019. This is according... →

IDC, DBSA invest in development of locally-produced fuel cell energy tech

By: Tasneem Bulbulia 17th September 2020 Development finance institutions, the Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC), have committed project development funding to Mitochondria Energy Company, a local South African business that was established with the purpose to provide affordable,... →

Kallak products will be ‘market leading’, says Beowulf

By: Mariaan Webb 17th September 2020 The Kallak North deposit, which explorer and developer Beowulf Mining has been lobbying Sweden to exploit, has the potential to produce an exceptionally high-grade magnetite concentrate of 71.5% iron content. London-listed Beowulf Mining on Thursday announced findings of an expert market... →

Creecy shares strides govt has made in circular economy efforts

By: Marleny Arnoldi 17th September 2020 Environment, Forestry and Fisheries Minister Barbara Creecy says government understands how green industries can open up new possibilities for development and create much-needed jobs in South Africa. Delivering a keynote address at the Waste Khoro 2020 event, which was held virtually on... →

Global marketplace launched for manufacturing industry assets

By: Tasneem Bulbulia 15th September 2020 A new digital marketplace, backed by asset disposal company Liquidity Services, is aimed at changing the way local manufacturing companies buy and sell assets to a national, regional and international buyer base. The company has long-running disposal contracts with organisations such as Boeing,... →

Afrox declares earnings dividend for shareholders

By: Creamer Media Reporter 11th September 2020 Strong cash management and cash flow places company in a good position to take advantage of emerging opportunities, and maintain a dividend payment in line with dividend policy. On behalf of our shareholders and all stakeholders, the Board and management team publicly acknowledges the dedication... →

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