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Trade News

Low-quality imports abound

By: System Author     21st May 1999 Greater use should be made of local manufacturers due to the proliferation of low-quality imported products being dumped on the South African market, says Republic Transmission joint MD Joachim Livonius. The 19-year-old gearbox and actuator manufacturer, which deals mainly with the valve... 

Mining imports surge

By: System Author     21st May 1999 Valve imports for the mining industry have increased from 66% of the total market ten years ago to their current levels of 80%, providing a challenge for local valve manufacturers and their supplying foundries to find niche markets for their products, says Steloy Group MD Danie Slabbert.... 

Spinach still packs a punch

By: System Author     21st May 1999 THE production of spinach using home-based hydroponics can make a substantial contribution towards the economic upliftment of urban communities, a study commissioned by the Greater Pretoria Metropolitan Council has found. The study also considers the growing of green peppers, spinach and tomatoes... 

Japan supports African revival

By: System Author     21st May 1999 Japan is firmly committed to the practical implementation of the ‘African Renaissance’. This was made clear by Japan’s State Secretary for Foreign Affairs – equivalent to Deputy Minister of Foreign Affairs in South Africa – Professor Keizo Takemi earlier this month... 

E-commerce: targeting blue-eyed consumers

By: System Author     21st May 1999 Information technology (IT) group Usko predicts that up to 70% of its operating profits will be derived from electronic-commerce-linked activities within the next three to five years. This is a bold statement given that the business, at present, accumulates very little profit from e-commerce,... 

Technology equity fund

By: System Author     21st May 1999 THE private equity division of the Brait group, Brait Capital Partners, has announced a first closing at R250-million in an equity fund which will be making investments in technology and innovation. This fund, known as Braitec, has secured the R250-million of equity commitments from leading South... 

Upcoming trade mission from United Kingdom

By: System Author     21st May 1999 BRITISH industry continues to find South Africa a valuable market. This is illustrated by the fact that the UK’s North East Development Agency (Neda), previously known as the Northern Development Company (NDC), with the support of the UK Department of Trade and Industry (DTI), has organised... 

Large scrap exports must be curbed – call

By: System Author     21st May 1999 The Non-Ferrous Metal (NFM) Works, of Durban, claims to be the largest integrated copper and copper-alloy extrusion mill in South Africa. The company is in its fifty-second year of existence, and has developed a good marketing name for itself for product consistency, which has resulted in ongoing... 

R131-million plant opens in response to growing global demand for polyester

By: System Author     14th May 1999 A new R131-million polyester- processing plant, Coastal Textiles , located in Hammarsdale, Kwazulu-Natal, will start its first commercial production this month. This against the backdrop of Textile Federation figures which indicate that the import of fabrics made from man-made filaments into... 

Learner-aids fast-track skills push

By: System Author     14th May 1999 A way to speed up the learner competency process as outlined by the National Qualifications Framework (NQF) has been developed by the National Productivity Institute (NPI). NPI senior productivity adviser George Chamberlain explains to Engineering News that, although the NQF, through its unit... 

Botswana considering an air force upgrade

By: System Author     14th May 1999 BOTSWANA could be considering a re-equipping programme for its Defence Force Air Arm that could be worth as much as US$100-million. Reliable sources tell Engineering News that Gaborone has made unofficial enquiries about the acquisition of at least six jet trainers to act as lead-in... 

IT strategy endorsed

By: System Author     14th May 1999 The Electronics Industries Federation of South Africa’s (EIF) executive council has added its endorsement to the South African information technology (IT) industry strategy (Saitis) project being co-funded by the governments of South Africa and Canada. Saitis aims to develop a viable... 

Foundation for new development agency

By: System Author     14th May 1999 Why was the TNDT established? Prior to the 1994 elections, non-governmental organisations (NGOs) and community-based organisations (CBOs) played a significant role in South Africa’s transition process by providing the necessary upliftment services the State could not provide. However, after... 

Africa’s first private-equity RDP fund a success

By: System Author     14th May 1999 To date, the South Africa Infrastructure Fund has invested in, or has committed to invest in, seven reconstruction and development programme (RDP)-related projects totalling R250-million, reports MD Philip Chen. The first private-equity infrastructure fund of its kind in Africa, the fund was... 

Business confidence creeps upwards

By: System Author     7th May 1999 Business confidence in South Africa crept upwards in March for the second successive month, Engineering News can today report. The South African Chamber of Business (Sacob) reported that its Business Confidence Index (BCI) had increased by 0,9 index points, following an increase of 1,1 index... 

In-house hydraulics workshop opened

By: System Author     7th May 1999 Hydraulic-equipment importer Powerforce, of Kempton Park, Gauteng, has opened an in-house hydraulics workshop on the premises of a client, Smith Capital Equipment. “Our client is an original-equipment manufacturer (OEM) of drill-rigs employing hydraulics. “At present our client is... 

Emerging enterprises boosted

By: System Author     7th May 1999 The Johannesburg Stock Exchange (JSE), with The Internet Solution (IS) as strategic partner, is launching an initiative to bring together providers of venture capital with promising emerging companies requiring a cash injection. The JSE’s emerging enterprise zone (EEZ) went live last month,... 

Regional power trade nets R150m for SA

By: System Author     7th May 1999 In an extremely difficult economic climate Eskom’s traders last year managed to make a gross profit of more than R150-million, simply by buying and selling electricity in Africa. The power utility reports that South Africa is the largest producer and consumer of electricity in the... 

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... 

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