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KZN local cane farmers rally together to survive

By: African News Agency      12th October 2017 South African sugar cane growers in Amatikulu, northern KwaZulu-Natal, have rallied together to raise enough capital to buy Unitrans’ assets in the two operational areas. Longstanding haulier Unitrans’ ceased cane haulage operations in their area, impacting the income of 50 commercial growers and... 

Bell’s shares surge on H1 earnings expectations

By: Natasha Odendaal     14th August 2017 JSE-listed Bell Equipment’s shares on the JSE surged nearly 30% by mid-afternoon on the news that the company expects to report a 70%-plus rise in earnings for the six months to June 30. In a trading update to shareholders, Bell said earnings a share and headline earnings a share for the... 

Bell Equipment's earnings contract in difficult FY16

By: Natasha Odendaal     16th March 2017 JSE-listed Bell Equipment, emerging from one of the most challenging years in its history, on Thursday said it did not achieve its goal of delivering financially sustainable results in 2016. Hit with tough trading conditions, the discovery of fraud and mismanagement in the group's operation in... 

Infrastructure Finance – update on the NDP and future outlook

     11th September 2015 On Sunday 23 August 2015, the first unit of the Medupi power station in Limpopo began pumping power after it was handed over to its operating division. Unit six is now feeding 794 megawatts of power into the national grid, alleviating some of the pressure that has forced Eskom to implement... 

Africa’s infrastructure rapidly growing – BAUMA CONEXPO AFRICA CEO

     4th September 2015 With a relatively buoyant outlook, and a number of economies in Africa clocking some of the fastest economic growth in the world, investment in Africa’s infrastructure is significant and growing, says BAUMA CONEXPO AFRICA CEO Elaine Crewe. 

South Africa more than just the recipient of investments, says Davies

By: African News Agency      8th July 2015 The handover of a 40 t dump truck to a Russian company at the seventh Brics summit in Ufa illustrated South Africa’s ability to do more than simply receive investments, Trade and Industry Minister Rob Davies said on Wednesday. “We are not just potential recipients of investments but we are also... 

Hauling away bigger profits with more efficient trucks and excavators

     26th June 2015 Infrastructure plays a key role in economic growth while the lack of infrastructure reduces productivity and hinders business competitiveness. According to PWC, physical infrastructure is one of the most frequently cited barriers to entry and economic growth in Africa. This was highlighted in its... 

From pit to profit: New technologies and trends in earth moving equipment

     26th June 2015 “With a relatively buoyant outlook, and a number of economies across the continent experiencing some of the fastest and highest growth in the world, it is no wonder that current investment in infrastructure is so significant and growing. This is very good news for earth moving equipment companies... 

Strikes hit Bell FY 2014 earnings

By: Natasha Odendaal     16th March 2015 JSE-listed Bell Equipment on Monday posted plunging earnings on the back of the continuing weakness and unpredictability of the resource-based economy and the delayed impact of protracted strikes and labour unrest. In addition to the “extremely challenging” global and local environments marred by... 

Bell Equipment to restructure, improve efficiency

By: Creamer Media Reporter      3rd December 2014 The share price of JSE-listed Bell Equipment fell by 5.65% on Wednesday morning after the heavy equipment manufacturer announced that it was planning to restructure the business to improve operating efficiencies and ensure the group’s long-term competitiveness and sustainability. In a statement... 

Connecto

     23rd August 2013 Connecto Specialised Fastener Solutions is a major distributor throughout South Africa of commodity and specialised fasteners used in the automotive, security, white goods and general manufacturing industries. The Durban-headquartered company, which employs more than 100 people, has delivery... 

Bell hopeful that SA’s infrastructure push will start yielding in 2013

By: Irma Venter     5th April 2013 Construction and mining equipment group Bell reported a 12% increase in revenue to R5.67-billion for the year ended December 31, up from the previous year’s R5-billion. Profit for the year, at R242.9-million, was, however, down from 2011’s R296.8-million. Bell said 2012 had proved to be a mixed... 

Bell sees drop in profit, production in 2012, but believes 2013 will be better

By: Irma Venter     19th March 2013 Construction and mining equipment group Bell on Tuesday reported a 12% increase in revenue to R5.67-billion, up from the previous year’s R5-billion. Profit for the year, at R242.9-million, was, however, down from 2011’s R296.8-million. Bell said in a statement that 2012 had proved to be a mixed... 

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