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Latest News

Barloworld to sell lease book to FirstRand unit

30th March 2004 South Africa's Barloworld plans to sell its equipment leasing book to vehicle finance group WesBank for R1,3-billion as part of a profit-sharing deal, Barloworld said yesterday. 

Iscor says local steel use up 16,7% in Jan/Feb

30th March 2004 South Africa's biggest steel maker Iscor said yesterday that domestic steel consumption in January and February was expected to rise by 16,7% year-on-year. 

UN urges Africa to learn art of WTO lobbying

30th March 2004 Every day African firms tackle problems that could spell ruin in rich nations: graft and crime, bad roads, inadequate internet services and power supplies, sometimes piracy at sea or civil war at home. 

KZN municipality to undertake public-transport study

By: laurian clemence     30th March 2004 The Amajuba District Municipality, comprising districts in Kwazulu-Natal, is currently seeking proposals from consultants for a public transport plan. 

R17m project to upgrade Hereford Canal

30th March 2004 The Hereford Canal, a 75-year-old canal in northern Mpumalanga that has been losing up to 60% of its water through leakage, is being waterproofed by construction company Group Five at a cost of R17-million. 

Sasol commissions R2,2bn acrylics complex

30th March 2004 Sasol has successfully commissioned a R2,2-billion acrylics and acrylates complex at Sasolburg, in South Africa, and has started exporting product on the back of growing international demand. 

General Motors announces R300m capex plan

30th March 2004 Carmaker General Motors South Africa (GMSA) is positioned for growth in 2004, with a R300-million capital investment into its operations. 

Logistics firm in R50m BEE deal

30th March 2004 Market leader in lifting and transport services BD Sarens has sealed a multimillion rand black economic empowerment (BEE) deal, which will see 30% of the company in the hands of previously-disadvantaged South Africans. 

Nuclear manufacturing blueprint emerging

By: ongezwa manyathi     29th March 2004 A far-reaching plan to create South Africa’s first nuclear manufacturing hub is winning strong support across a broad front both nationally and internationally, Engineering News can today exclusively reveal. 

KWV enters southern African market

29th March 2004 Established in 1995 as the trading company in branded product of KWV, KWV International has maintained a dynamic presence in world markets through the export of quality branded wines and brandies from South Africa. 

Bidvest head slams corporate governance reforms

29th March 2004 The head of South African conglomerate Bidvest said on Thursday corporate governance reforms ran the risk of destroying the entrepreneurial spirit of groups like his. 

Urethane products firm invests in new solution

29th March 2004 Engineering firm Redline Urethane Moulded Products, of Eastleigh, Johannesburg, announced the arrival at the weekend of its new Baul 

Big WiFi pilot project on track

29th March 2004 South African telecoms utility Telkom expects to complete its T-Zone WiFi hotspot pilot in July. 

African telecoms leaders to gather in Cairo

29th March 2004 Telecommunication industry leaders will come together in Cairo, Egypt, for the ITU Telecom Africa 2004, the sixth regional event of its kind in Africa. 

Competition body approves lubricants alliance

29th March 2004 The Competitions Commission has reportedly given its approval for a lubricants alliance between petrochemical firms ExxonMobil and Engen. 

Ghana firms in $32m mobile telecoms

29th March 2004 Technology company Ericsson has been awarded a $32-million contract to supply cellular equipment and services to Scancom, a leading telecoms operator in Ghana. 

Study into SA women execs to be made public

29th March 2004 Collaboration between the Businesswomen’s Association (BWA) and banking group Nedbank will reportedly see research regarding the degree to which South African companies are developing top women executives made public for the first time on April 29, 2004. 

Unit trust firm bullish on resources

29th March 2004 South Africa’s largest unit trust company Stanlib announced that it has made a significant adjustment to its strategic investment view – the quarterly guide to retail investment advisers that helps determine the type of advice the average consumer will be getting in the weeks ahead. 

Submarine offset investment launched

By: Martin Czernowalow     29th March 2004 A R15-million investment, by the German Submarine Consortium (GSC), was officially announced on Friday, with the commissioning of the first of two multi-axis high-tech CNC lathes at MAN Turbo, in Johannesburg. 

Oil industry seeks support for R10bn clean-fuels effort

26th March 2004 The South African Petroleum Industry Association (Sapia), which represents all the large oil companies operating in South Africa, has renewed its call for a clean-fuels levy to assist refineries in recouping a portion of the multi-billion-rand investment required to meet new specifications for... 

New rail-road vehicle development

26th March 2004 Industrial product firm IMS Industrial Products have designed a second hydraulic system for Spoornet’s road-rail maintenance fleet, this time for a truck to be used for welding repairs on South Africa’s rail network. 

World interest in SA cellular-routing tech

26th March 2004 Least cost routing and communications solutions provider TelePassport, which completed it’s first participation at the Cebit exhibition in Hanover, Germany, reports that it has received trade and partnership interest from all over the globe. 

R30m water project for Umtata

26th March 2004 The Department of Water Affairs and Forestry (Dwaf) yesterday officially launched the Japanese funded Rural Water Projects in the OR Tambo district, Umtata as part of the National Water week celebrations. 

SA, Indonesia business cement ties

26th March 2004 South African and Indonesian business communities yesterday moved swiftly to give meaning to bilateral agreements signed between the two countries here this week, by hosting a business seminar aimed at exploring trade links between the two countries. 

Sars to nab import-export tax evaders

26th March 2004 The South African Revenue Services (SARS) is expected to arrest a number of importers and clearing agents suspected of contravening tax laws in Kempton Park, today. 

Shell in Libya exploration deal

26th March 2004 Oil major Royal Dutch/Shell announced a long-term hydrocarbon exploration deal with Libya yesterday, joining several other European companies in the Opec nation that hopes its offer to dismantle weapons programmes will bring increased foreign investment. 

Concrete body appoints new president

26th March 2004 The Concrete Society of Southern Africa (CSSA) has appointed Venance da Silva as it new president. 

Construction begins on cell group's new HQ

26th March 2004 South African cellular service provider the MTN Group launched the construction of its new corporate headquarters yesterday, with Gauteng Premier Mbazima Shilowa officially turning the first sod at what will become the new home to all MTN’s Gauteng-based staff early next year. 

Tanzania electrification contract awarded

26th March 2004 Multinational firm Siemens Southern Africa is involved in another vital electrification project in southern Africa, after being awarded a €1,47-million contract to supply, install and commission power line carrier (PLC) equipment to the Tanzania Electric Supply Company (Tanesco). 

Cell C subscriber base rises to 1,9m

26th March 2004 South Africa's third mobile phone operator Cell C said on Thursday the number of its active subscribers had increased by 23 percent to 1,9-million during the five months to end-December. 

Wine body outlines edutainment strategy

By: Jill Stanford     25th March 2004 The Cape Wine Academy (CWA) has been restructured to play a stronger role in providing support to the South African tourist industry and reach a broader audience through ‘edu-tainment’," says CWA board member William Marais. 

Concern that SA port won’t meet US security deadline

By: Jill Stanford     25th March 2004 If the new US shipping security requirements, which come into force on July 1, are not met, much of the country's import and export trade could be at risk, says the Cape Town Regional Chamber of Commerce and Industry. 

New IP partnership to focus on large enterprises

25th March 2004 Global provider of business communications solutions Mitel and Marconi Corporation, a global telecommunications equipment, services and solutions company, have announced a new partnership to provide feature-rich, highly scalable IP communications to enterprises. 

Saldanha is first African port to meet enviro standard

25th March 2004 The Port of Saldanha, in the Western Cape, this week became the first port in Africa to be recommended for ISO 14001 certification for its environmental practices. 

Durban road widening project ahead of schedule

25th March 2004 A R60-million project to widen and rehabilitate a four-kilometre section of the Edwin Swales VC Drive, in Durban, Kwazulu-Natal, is said to be running ahead of schedule. 

LNM continues to rise up steel league table

25th March 2004 Members of the International Iron and Steel Institute (IISI) continued to dominate the Metal Bulletin list of top steelmakers in 2003, with nine of the top ten steel producers being part of the body. 

Mdladlana praises skills development laws

25th March 2004 Labour Minister Membathisi Mdladlana has praised the Skills Development Act of 1998, saying it lays the basis for skills revolution in the country. 

Coke and chemicals firm completes HR project

25th March 2004 A business unit of the AST Group reports that it has completed a human resources (HR) project migration for Iscor Coke and Chemicals (ICC), a leading supplier of carbon products and regenerated acid products to the metals industry in southern Africa, as well as a global supplier of magnetic powders. 

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