Topic

Indian aluminium producers seek protection measures

By: Ajoy K Das 18th June 2019 Ahead of India’s national Budget to be presented before Parliament next month, aluminium producers are seeking a slew of protection measures. Aluminium Association of India is seeking an increase in import duty on finished aluminium from 10% to 12.5%, considering that the domestic industry was... →

Gold busts above $1 350 as Iran tension, fed outlook spur demand

By: Bloomberg 14th June 2019 Gold smashed above $1 350/oz to a 14-month high as rising geopolitical tensions bolster haven demand ahead of next week’s Federal Reserve meeting, when policy makers may move closer to cutting rates. Bullion for immediate delivery rose as much as 1.2% to $1 358.26/oz. Prices are set for a fourth... →

Oil set for weekly drop as tanker attacks can't dispel trade woes

By: Bloomberg 14th June 2019 Oil headed for a weekly decline as the tanker attacks in the Middle East provided only a relatively small boost to prices that have been hammered by a deepening trade war and swelling US stockpiles. Futures in New York were steady after rising 2.2% Thursday. The White House blamed Iran for the... →

Nissan’s Mike Whitfield to head up Egyptian operation

By: Irma Venter 10th June 2019 Japanese vehicle manufacturer Nissan announced on Monday that Nissan South Africa and sub-Saharan Africa MD Mike Whitfield has been appointed MD of Nissan Motor Egypt. He will, however, also serve as chairperson of Nissan in Africa South. →

Cummins combats marine pollution with SCR technology

6th June 2019 Cummins is mapping out effective solutions to the challenges of Marpol (maritime pollution), and is assisting customers in navigating current and future regulations. Cummins has responded to the industry’s demand for regulatory compliance with an investment in technology, crucially containing... →

Risk of South African economy hitting recession in 2019 high, says Moody's

By: News24Wire 6th June 2019 The odds that the South African economy could experience a technical recession in 2019 are high, according to Moody's. The ratings agency released its latest Global Macro Outlook on Thursday. The quarterly Global Macro Outlook presents its latest growth forecasts and assesses the impact of the... →

MTN top investor forced board shakeup in push for fewer disputes

By: Bloomberg 4th June 2019 MTN Group's biggest shareholder is pushing for changes at Africa’s largest mobile-phone company to avoid the regulatory, legal and political disputes that have cut its share price by more than half over the past four years. The Public Investment Corporation built a 26% stake in Johannesburg-based... →

Cummins AME introduces digital solutions to maximise vehicle uptime

31st May 2019 There is a growing demand in the Africa and Middle East (AME) region for remote monitoring solutions from Cummins due to the increased prevalence of electronic engines that adhere to the latest international standards, according to Cummins AME Automotive and Electrification Leader Ms Rashi Gupta.... →

Richards Bay storage facility to bolster reliability of LPG supply

By: Tasneem Bulbulia 31st May 2019 Bulk liquid storage operator Bidvest Tank Terminals’ (BTT’s) R1-billion mounded liquefied petroleum gas (LPG) storage facility in Richards Bay, KwaZulu-Natal, is set to house the largest tanks in the world and is expected to greatly enhance LPG supply in Southern Africa once completed, the... →

Richards Bay storage facility to bolster reliability of LPG supply

By: Tasneem Bulbulia 31st May 2019 Bulk liquid storage operator Bidvest Tank Terminals’ (BTT’s) R1-billion mounded liquefied petroleum gas (LPG) storage facility in Richards Bay, KwaZulu-Natal, is set to house the largest tanks in the world and is expected to greatly enhance LPG supply in Southern Africa once completed, the... →

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