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Trade News

Sector is ‘riddled’ with dishonest firms

By: System Author     7th May 1999 The hydraulics industry and its clients must work together to eliminate irregularities that are giving the industry a bad name in South Africa, insists Hydraulic Engineering Repair Services director Eric Page. He tells Engineering News that, especially the hydraulic cylinder industry, in which... 

SA moves to revamp world dumping rules

By: System Author     7th May 1999 The South African government is still mulling over the possibility of taking the US Commerce Department to the World Trade Organisation (WTO) over its decision to impose countervailing duties on Columbus Stainless earlier this year – the ruling has far-reaching implications for a number of... 

New society to boost black engineers

By: System Author     30th April 1999 A NATIONAL society of black engineers has been formed as a platform for black engineers, technicians, artisans and students in an effort to encourage them to join the engineering profession. In an exclusive interview with Engineering News, society president Cyril Gamede says that the idea behind... 

Durban to play host for regional economic summit

By: System Author     30th April 1999 It has been confirmed by the World Economic Forum that the ninth yearly Southern Africa economic summit is to be held between July 4 and 6 in co-operation with the Southern African Development Community (SADC). The theme of the summit, ‘Responsible leadership for stability, action and... 

Civil engineers focus on regional projects

By: System Author     30th April 1999 It seems that hope is finally fading that the now- forgotten reconstruction and development programme would spur enough business for many construction-related companies to live comfortably for the next few years. It also seems that reducing the budget deficit has gained greater gravity on the... 

. . . as economic prospects envisaged to improve this year

By: System Author     30th April 1999 Although still expected to be a difficult year, economic growth is set to improve in 1999, reports Industrial Development Corporation (IDC) manager: economic research and development Jorge Maia. He reports that South Africa has shown considerable resilience as the country started feeling the... 

R350m shopping and entertainment centre for Benoni

By: System Author     30th April 1999 THE R350-million Lakeside Mall, which was due to be opened in Benoni this month, is set to transform the city into a sustainable leisure and entertainment node, and open up opportunities for further rapid economic growth. The development of a shopping, leisure and entertainment centre on the... 

Tax holiday U-turn

By: System Author     30th April 1999 THE South African government has dropped its controversial tax holiday incentive for investors in favour of a lower across-the-board company tax regime and a more ‘sophisticated’ package of support measures, Trade and Industry Minister Alec Erwin has confirmed. In some cases these... 

New lamp plant brightens up Western Cape

By: System Author     30th April 1999 A PLANT manufacturing energy-saving lamps destined for South Africa’s export market has been opened at the Capricorn Technology and Industrial Park in Muizenberg. GB Lamp (SA), formed by a leading European lighting manufacturer in association with the Industrial Development Corporation, is... 

EU, SADC, now for the rest

By: System Author     30th April 1999 South Africa has not lost its appetite for bilateral trade negotiations following its titanic four-year struggle with the European Union (EU). It is also in the process for setting up alliances and strategies in preparation of the next round of multilateral negotiations of the World Trade... 

New R20m textile plant for Gauteng

By: System Author     23rd April 1999 A new R20-million textile factory has been commissioned in Centurion, Gauteng. In a joint venture known as Korteks Textiles Africa, Turkish industrial giant Zorlu Holdings and local textiles producer Zayd Tayob constructed a plant with equipment said to be unique in Africa, including two... 

Black empowerment reaches billion-rand mark

By: System Author     23rd April 1999 One rand in every three being disbursed by the Industrial Development Corporation (IDC) is going towards black economic empowerment. Chief financial director Gert Gouws reveals that 31% of total proposition approvals, worth more than R1-billion, have been directed towards empowerment schemes over... 

Black empowerment needed for growth

By: System Author     23rd April 1999 Black economic empowerment is imperative for sustainable economic growth in South Africa, which is one of the biggest challenges facing South Africa, said African Harvest executive chairperson Mashudu Ramano at the South Africa Republic of China Chamber of Economic Relations annual general... 

Most European Union aid in SA for poor

By: System Author     23rd April 1999 Aid from the European Union (EU), the European Investment Bank (EIB) – the lending institution of the EU – and the individual member states of the EU altogether account for 80% of all foreign aid received by South Africa, Engineering News can today report. “Although all foreign... 

Website boosts small business sector

By: System Author     23rd April 1999 A novel way of bring- ing together small businesses and potential buyers using an Internet website known as the business referral and information network (Brain), has been launched by the Department of Trade and Industry’s (DTI) centre for small business promotion. Brain functions as a... 

Grants worth R31,5m approved

By: System Author     23rd April 1999 A TOTAL of 35 grants valued at R31,5-million were approved as part of the Department of Trade and Industry’s (DTI) support programme for industrial innovation (SPII) between October 1997 and March 1998. The department has released the fifteenth biannual report on the SPII, one of the... 

Comprehensive component supplier

By: System Author     16th April 1999 Sandton-based company Circuitronix has been a supplier of goods and services to local telecom equipment and printed-circuit board (PCB) manufacturer and supplier Skywave PCB since 1990. The main activity of the company includes the supply of all materials and equipment used in the manufacture of... 

UK–SA public–private partnerships

By: System Author     16th April 1999 THE UK Department of Trade and Industry is looking for opportunities to engage British companies with their knowledge and expertise in public–private partnership projects (PPP) in conjunction with South African organisations. PPPs are the means by which the private sector provides and... 

Biotechnology funding is now available

By: System Author     16th April 1999 Although not plentiful there are a number of funding initiatives to support the development of a local biotechnology industry. This was what emerged from the Department of Trade and Industry’s (DTI) conference on the commercialisation of biotechnology held last month. A presentation by... 

From 175 to 1 000 electrical units a day

By: System Author     9th April 1999 From a company that was on the verge of closing down, Kelvinator has been turned into a highly productive operation which is now positioned to capitalise on ‘enormous’ potential in the electrical appliance market. In 1996 factory output measured 175 units a day – within nine... 

MIT backs SA pebble-bed reactor

By: System Author     9th April 1999 One of the world’s most respected technical institutions has independently researched and proved the pebble-bed modular reactor (PBMR) technology as “the nuclear plant of the future”. Eskom intends to become a world-leading exporter of these intrinsically safe mini-nuclear... 

Government reaffirms commitment to Coega

By: System Author     9th April 1999 It is anticipated that firm offers of investment and commitment from the relevant anchor tenants at Coega in the Eastern Cape will have been received by the middle of this year, after years of indecision and stalling by government and would-be investors. This emerged from discussions which the... 

SA must embrace biotechnology – Erwin

By: System Author     9th April 1999 Despite clear potential for the development of a thriving local biotechnology sector, which could be as far-reaching as the advent of information technology, South Africa remains a poor performer in this regard. This was the view of Trade and Industries Minister Alec Erwin in a keynote speech... 

State of emergency needed to halt crime

By: System Author     2nd April 1999 THE high crime rate’s impact on the South African economy has once again been brought to the fore, this time by Association of Quantity Surveyors of South Africa president Dr Solly Preller, who stated that, if it took a six-month state of emergency or a curfew to reverse the country’s... 

SA motor industry plan on offer to SADC

By: System Author     2nd April 1999 South Africa is planning to extend its motor industry development programme (MIDP) to the rest of Southern Africa, Engineering News can today report. Department of Trade and Industry director Johan Cloete reveals that it will offer the MIDP to all 11 countries currently participating in the... 

Bearing industry’s fortunes tied to economy

By: System Author     2nd April 1999 The acquisition of Fenner Power Transmission (FPT) by Bearing Man significantly extends the company’s range of top-quality branded products as well as its customer base, Bearing Man bearings division head Mohamed Kardar tells Engineering News. The company’s network now includes 65... 

Tourism development areas identified by study

By: System Author     2nd April 1999 The development of tourism infrastructure to support and stimulate tourism development and economic growth in South Africa may be on the cards following the completion of the Department of Environmental Affairs and Tourism’s infrastructure review in support of tourism development, reports... 

Projects are still eligible for tax holidays

By: System Author     2nd April 1999 Despite the announcement by Finance Minister Trevor Manuel that the tax holiday scheme (THS) would not be extended beyond its originally specified cut-off date of September 30, 1999, not all is lost for new or expansion projects that will begin production after this date. This is the word from... 

R21bn in black-empowerment trade

By: System Author     26th March 1999 R21-billion-worth of transactions in black-empowerment deals have been undertaken in 1998, reports Business Map, in this year’s black economic empowerment review. Business Map CEO Jenny Carghill said at the launch of the company’s 1999 publication, held in Johannesburg in March, that... 

Global storm batters South African defence industry

By: System Author     26th March 1999 THE economic crisis which has ravaged so much of the world has been extremely damaging to the South African defence industry, Engineering News can today report. In addition to the economic crisis in Asia, the global oil glut and the concomitant low oil price has spread recession to Middle Eastern... 

Spin-filter module cleans up industry costs

By: System Author     26th March 1999 South African industry could save hundreds of thousands of rands in maintenance costs with the introduction of a self-cleaning spin-filter module manufactured by US company Dollinger, Bona Filters MD Mike Ellis tells Engineering News. He explains that, in South Africa, the bulk of industry uses... 

Revolutionary infra-red drying system

By: System Author     26th March 1999 An innovative infra- red dye-drying sys- tem has been unveiled after running as a pilot project at the Mooi River Textiles plant in Kwazulu-Natal. The infra-red system, which is reportedly a world-first, is the brainchild of local company Radiant Processes and is set to revolutionise the local... 

Southern African free trade by January?

By: System Author     26th March 1999 Steady progress is being made towards the establishment of a free trade area (FTA) for the Southern African Development Community (SADC). A deal could be signed, ratified and implemented by as early as January 1 next year, Engineering News can today report. Two trade negotiating forums have... 

Trade-fair partnership formed

By: System Author     26th March 1999 The globalisation of world economies and markets requires organisers of leading trade fairs to think and act globally. This was exactly the prevailing mindset at Icam Asia, the trade fair for measurement and automation, which culminated in the foundation of a partnership between leading trade... 

Steel recovery not a given

By: System Author     19th March 1999 While July this year should see the start of a recovery in global sheet steel prices, it should not be taken for granted. Commodities Research Unit of London steel expert John Johnson warns that China and Japan will have negative growth this year and fairly stagnant economies in 2000 as well,... 

Export council in first mission

By: System Author     19th March 1999 The South African Capital Equipment Export Council (CEEC), the first export council to kick off following recommendations made in the cluster reports released last year, will launch its first outward selling mission next month. The value of the capital equipment industry sector in South Africa is... 

Special steel set to boost Newcastle works

By: System Author     19th March 1999 A breakthrough has been made in the production of special bar quality (SBQ) steel at Iscor’s Newcastle works in Kwazulu-Natal, which will see a boost in production of this high-value-added steel. A loss-making activity until February this year, SBQ steel production is now set to become a... 

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