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Coal exports from top shipper hobbled with miners facing constraints

By: Bloomberg     19th September 2018 Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit while keeping prices elevated, according to an industry group. Producers in the world’s largest shipper face an order backlog of 18 months as they aren’t... 

Aspen sells global nutritional business

By: Tasneem Bulbulia     13th September 2018 Pharmaceutical manufacturer and supplier Aspen has concluded an agreement to sell its global nutritional business to French-based multinational dairy corporation Lactalis Group for a fully funded cash consideration of €739.8-million, or about R12.9-billion. The company disclosed this during a... 

Aspen mulls sale of infant formula unit

By: Reuters     11th September 2018 South African drug maker Aspen Pharmacare said on Tuesday it was in discussions to sell its global infant formula business, but did not give any further details. Aspen's infant milk formula business sells infant milk formula in the Asia-Pacific, Sub-Saharan Africa and Latin America, and has a... 

Boeing predicts strong global airliner and services demand until 2037

By: Rebecca Campbell     3rd August 2018 Global aerospace giant Boeing has predicted that 42 730 new jet airliners, worth $6.3-trillion, will be needed to meet demand over the next 20 years. This forecast was unveiled in the group’s “Commercial Market Outlook”, released at the recent Farnborough International Airshow in the UK. This... 

Caterpillar raises 2018 profit outlook, beats quarterly estimates

By: Reuters     30th July 2018 Caterpillar on Monday upgraded its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by robust global demand for its equipment. The Deerfield, Illinois-based company reported an adjusted profit of $2.97 a share in the second... 

Strong growth in smaller airliner segment predicted by Brazilian aerospace group

By: Rebecca Campbell     27th July 2018 Brazilian aerospace group Embraer, one of the world’s top two regional jet manufacturers, has forecast a global demand for 10 550 new airliners with capacities of 150 seats or less, over the next 20 years. This prediction was released at Farnborough in the UK on the day before the start of the... 

Strong demand forecast for pilots, technicians and cabin crew in Africa and globally

By: Rebecca Campbell     25th July 2018 Africa will need 29 000 pilots over the next 20 years, US aerospace group Boeing has forecast. The continent will also need 28 000 technicians and 29 000 cabin crew. These predictions were made in the group’s 2018 “Pilot & Technician Outlook”, released on Tuesday. The report divides the world... 

Brazilian aerospace group predicts strong growth in smaller airliner segment

By: Rebecca Campbell     16th July 2018 Brazilian aerospace group Embraer, one of the world’s top two regional jet manufacturers, has forecast a global demand for 10 550 new airliners with capacities of 150 seats or less, over the next 20 years. This prediction was released on Sunday at Farnborough in the UK, the day before the start... 

Denham Capital closes Mining Fund at $558m

By: Marleny Arnoldi     9th July 2018 Resource and energy-focused global private equity firm Denham Capital has closed its first standalone mining fund, the Denham Mining Fund, at $558-million to expand its portfolio in Australia, Canada, South America and Africa.  

Most airlines see profit rise, but share prices fall, in first quarter

By: Rebecca Campbell     22nd June 2018 The profitability of the global airline industry improved during the first quarter of this year (1Q18) in comparison to the first quarter of 2017 (1Q17), the International Air Transport Association (IATA) has reported. The prime driver of this improvement was a turnaround by European airlines. On... 

Russian diamond miner announces auctions and award of high sustainability ranking

By: Rebecca Campbell     7th June 2018 Russian diamond mining major Alrosa announced on Thursday that it would hold auctions in Hong Kong and Vladivostok for large rough diamonds. The Hong Kong auction will start on June 13 and will run until June 27. The Vladivostok auction would start on June 18 and conclude on June 29. In both... 

Telecoms company Seacom upgrades subsea cable system

By: African News Agency      5th June 2018 Pan African telecommunications company Seacom said on Tuesday it had upgraded its key submarine network system from its southern and eastern African coastline landings into Europe at a total capacity of 1.5 terabits per second, adding 500G of new capacity on the system. Seacom said the latest... 

Datatec optimistic about full Westcon turnaround within two years

By: Natasha Odendaal     1st June 2018 International information and communications technology company Datatec expects its embattled Westcon International portfolio to return to profitability within the next year, with a full turnaround emerging within two years. Datatec, which recently disposed of its businesses in North America and... 

ExecuJet Nigeria bolsters services for West Africa with Izy Air alliance

By: Simone Liedtke     29th May 2018 International business aviation company ExecuJet, which is part of the Luxaviation Group, on Tuesday announced a strategic alliance for maintenance services between its Lagos-based maintenance, repair and overhaul (MRO) facility and Nigeria-based Izy Air. This forms part of ExecuJet’s ongoing... 

Smartphone sales back in the black in Q1 – Gartner

By: Schalk Burger     29th May 2018 Global sales of smartphones to end-users increased by 1.3% during the first quarter of the year to 384-million, market research multinational Gartner reported on Tuesday. Huawei and Xiaomi experienced the most growth during the quarter, and Apple returned to growth after sales declined during the... 

Disposals hit Datatec’s FY18 earnings

By: Natasha Odendaal     17th May 2018 International information and communications technology (ICT) group Datatec posted earnings per share (EPS) of 20.5c for the year ended February 28, compared with the 1.4c reported in 2017, owing to the profits on the disposal of two businesses during the period under review. The company,... 

Only 10% of global manufacturing companies are championing digital transformation – PwC

By: Marleny Arnoldi     8th May 2018 Industry 4.0 is rapidly transforming the manufacturing sector and digital transformation has been on many a CEO’s agenda for a number of years, but despite this, only a small group of companies is in a position to gain real competitive advantage from this operations revolution, says... 

South Africa falling behind with digital transformation

8th May 2018 Industry 4.0 is transforming manufacturing rapidly and digital transformation has been on many CXO’s agenda for a number of years.  Despite this, only a small group of companies is in a position to gain real competitive advantage from this operations revolution. In PwC’s Strategy& Global Digital... 

Mining deals valued at $51bn in 2017

By: Esmarie Swanepoel     27th April 2018 While the number of merger and acquisition (M&A) deals fell by 6% in 2017, the value of transactions rose by 15%, to $51-billion, marking the highest value of deals since 2013. Advisory firm Ernst & Young (EY) on Friday reported that key drivers of M&A activity continued to shift from... 

Competition Commission wins international award

By: Marleny Arnoldi     19th April 2018 The Competition Commission has won the Agency of the Year in Asia-Pacific, Middle East and Africa award at the eighth annual Global Competition Review (GCR) Awards held in Washington DC, in the US.  

Iata reports strong global passenger demand for February

By: Marleny Arnoldi     5th April 2018 Global passenger traffic results for February showed a rebound in traffic growth, following the slower demand experienced in January, which was owing to temporary factors such as the later timing of the Lunar New Year. The International Air Transport Association (Iata) reported on Thursday that... 

Australian Minerals Council backs TPP

By: Esmarie Swanepoel     12th March 2018 The Minerals Council of Australia (MCA) has again lobbied for the Trans-Pacific Partnership (TPP), joining nine other national industry groups in issuing a policy brief setting out the reasons Australia should support the regional trade agreement. The TPP, which was signed by Trade Ministers... 

Continued growth predicted for global forging markets

9th March 2018 Market research company Technavio has predicted the global forging market will exhibit a healthy compound annual growth rate of about 4% between 2017 and 2021. The company says the rising demand for fabricated metal products is one of the primary drivers for market growth. Press machines are... 

Airline safety in Africa and the world is getting better and better

By: Rebecca Campbell     9th March 2018 The International Air Transport Association (IATA) has reported “strong progress” in airline safety in Africa last year. This was part of a world-wide improvement in safety, revealed in the global airline industry representative organisation’s recently released 2017 safety performance data.  

UBS warns of 'deep trade war' as commodity giant sees no winners

By: Bloomberg     7th March 2018 Raw materials are at great risk as Donald Trump’s White House prepares to pull the trigger on tariffs. UBS Group warned metals to energy will be hurt should US levies spark a global trade war, while commodity powerhouse Australia forecast only a damaging race to the bottom. “Obviously, going... 

Cartrack introduces ‘low-cost’ theft-only insurance product

By: Irma Venter     2nd March 2018 Fleet management and vehicle tracking group Cartrack has launched a R9.99-a-month theft-only insurance product, although true price is closer to R108.99, when all costs are included. The JSE-listed group says the “first-to-market innovative insurance offering for vehicle theft” targeted the... 

SUVs push global new-car sales up by 2.4%, EV sales up 78%

By: Irma Venter     21st February 2018 The global new-car and light commercial vehicle (LCV) market grew by 2.4% in 2017, to 86.05-million units, compared with 2016, according to data released by UK automotive business intelligence group JATO Dynamics. “The automotive market performed well in 2017, with established economies... 

Cartrack launches R9.99 a month anti-theft product

By: Irma Venter     16th February 2018 Fleet management and vehicle tracking group Cartrack has launched a R9.99-a-month theft-only insurance product, although true price is closer to R108.99, when all costs are included. 

Aspen to start review of infant milk formula unit

By: Reuters     29th January 2018 Aspen Pharmacare will review its infant milk formula business with options including a sale to a strategic partner, Africa's biggest generic drugmaker said on Monday. The unit, which has factories in New Zealand, South Africa and Mexico, follows the approval by the China Food and Drug... 

Japan's record exports, manufacturing, point to powerhouse economy

By: Reuters     24th January 2018 Japan’s exports to China and Asia hit record levels as shipments rose for a thirteenth straight month in December and manufacturing growth hit a four-year high in January, pointing to an economy that powered through the fourth quarter and into 2018. The Ministry of Finance (MOF) said on Wednesday... 

Canadian miners welcome agreement on Trans-Pacific Partnership

By: Henry Lazenby     24th January 2018 Canada has agreed to a revised Trans-Pacific Partnership deal that excludes the US. "We are happy to confirm the achievement of a significant outcome on culture as well as an improved arrangement on autos with Japan, along with the suspension of many intellectual property provisions of concern to... 

DRA expands Asia-Pacific footprint

By: Martin Creamer     17th January 2018 Global engineering, project delivery, contract operations specialist and asset management group DRA’s acquisition of Perth-based Minnovo expands its Australian footprint and adds depth to its metallurgical, engineering, procurement, project management, construction and commissioning capabilities... 

Global air travel passenger demand growth strengthens

By: Anine Kilian     11th January 2018 The International Air Transport Association said in a statement on Thursday that global passenger traffic results for November 2017 showed continued robust demand. Total revenue passenger kilometres rose 8% compared with November 2016 – the fastest growth rate in five months – and up from a 7.3%... 

Rosneft says EU sanctions aim to favour rivals

By: Reuters     13th December 2017 Russian energy group Rosneft told the Luxembourg-based European General Court on Wednesday that European Union sanctions on Russia aimed to undermine its position on global energy markets and favoured its competitors. State-controlled Rosneft is challenging the EU sanctions, imposed in 2014 and... 

Electric vehicle growth puts pressure on nickel supply

By: Robyn Wilkinson     8th December 2017 Global research and consultancy firm Wood Mackenzie estimates that nickel demand for electric vehicle (EV) batteries will increase from about 40 000 t in 2016 to 220 000 t in 2025, as demand for hybrid, plug-in and full EVs grows in developed countrie 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC), in... 

Nasa outlines the developments to watch in civil aeronautics

By: Keith Campbell     1st December 2017 The global aviation industry continues to be a rapidly growing sector, far from reaching maturity. This was stressed at the recent International Forum for Aviation Research (IFAR) open session at the Council for Scientific and Industrial Research (CSIR) International Convention Centre (ICC) in... 

Agromining may provide new opportunities to extract remaining value from mined land

By: Mia Breytenbach     24th November 2017 With a significant portion of large mineral deposits having been discovered worldwide, and, in many cases, reaching the end of viable economic recovery, phytomining is one option that could be chosen to extract the remaining value from this mined ground, Florida International University... 

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