http://www.engineeringnews.co.za
R/€ = 15.65 Change: 0.00
R/$ = 13.43 Change: 0.00
Au 1269.43 $/oz Change: 1.33
Pt 878.00 $/oz Change: 13.83
 

Irma Venter

Irma Venter

Irma Venter is a Creamer Media Senior Deputy Editor for Engineering News and Mining Weekly.

Tel: +2711 622 3744

Email: newsdesk@engineeringnews.co.za

Group Five to sell majority stake in SA construction business as losses mount

12th April 2018 Group Five will soon become a minority shareholder in its construction business in South Africa, says CEO Themba Mosai. Speaking on Thursday in Johannesburg at the company’s interim results, he noted that Group Five targeted the sale of 51% of its South African construction business to an... 

BMW opens R260m regional distribution centre in Midrand

11th April 2018 BMW Group South Africa (BMW SA) has cut the ribbon on its new regional distribution centre at the Waterfall precinct, in Midrand, Gauteng. Project developer Attacq and BMW SA jointly invested around R260-million to create the facility. 

Mathe Group expands tyre recycling facility, despite Redisa demise

9th April 2018 The Mathe Group’s Hammarsdale plant, in KwaZulu-Natal, has quadrupled employment and more than doubled output since coming on stream in 2016, says the tyre recycler. Dr Mehran Zarrebini, head of British investment group PFE International, which is one of the major shareholders in the Mathe Group,... 

Cable theft in Rosslyn reaching crisis proportions, warns Gauteng MEC

4th April 2018 The Gauteng government on Wednesday expressed its concern about continuous electricity supply disruptions at the Automotive Supplier Park (ASP) in Rosslyn, Tshwane. In recent weeks, production had been halted several times owing to cable theft, said Gauteng Economic Development, Environment,... 

Losing your nest egg can kill you

4th April 2018 A sudden loss of net worth in middle or older age is associated with a significantly higher risk of death, reports a new Northwestern Medicine and University of Michigan study. When people lose 75% or more of their total wealth during a two-year period, they are 50% more likely to die in the next... 

New-vehicle market sees first positive month as March sales increase by 1.1%

3rd April 2018 The domestic new-vehicle market expanded for the first time this year as March new-vehicle sales inched up 1.1%, to 49 233 units, compared with the same month last year.   Sales numbers released by the Department of Trade and Industry on Tuesday showed that March new-passenger car sales gained... 

Ghana contract takes heavy toll on Group Five, bridging finance in place

3rd April 2018 Construction and engineering company Group Five on Thursday afternoon said the loss expected for the six months ended December 2017 would be R371-million more than the guidance provided in a March 1 trading statement, following continued difficulties at the Kpone project, in Ghana. The group said... 

Basil Read outlines turnaround plan as auditor issues going-concern warning

28th March 2018 Basil Read remains a viable business, despite the group’s auditors noting their apprehension regarding the company’s ability to continue as a going concern, says CEO Khathutshelo Mapasa, who took over the reins at the company in October. PricewaterhouseCoopers noted in Basil Read’s annual results... 

Next-generation Ranger investment decision 'imminent', says Ford

28th March 2018 US car maker Ford’s decision on where to produce the next-generation Ranger pickup “is imminent”, says Ford Middle East and Africa president Jacques Brent. South Africa is currently one of three global production sites for the Ranger. 

Ford more than doubles engine assembly capacity at PE plant

27th March 2018 Ford Motor Company of Southern Africa (FMCSA) is expanding its Struandale engine plant, in Port Elizabeth, as part of a R3-billion investment in its South African operations, announced late last year. The Struandale plant currently machines cylinder heads, cylinder blocks and crankshafts for the... 

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close