R/€ = 14.88 Change: 0.00
R/$ = 12.10 Change: 0.00
Au 1335.58 $/oz Change: -5.52
Pt 927.50 $/oz Change: -4.49


Interim rig to speed up development at Galantas’ Ireland mine

By: Mariaan Webb     20th April 2018 An interim tunnelling rig at the Omagh gold mine, in Ireland, should accelerate underground development, with the company about ten weeks away from reaching the Kearney vein system. Dual-listed Galantas Gold is developing the underground mine at Omagh, where openpit operations ceased five years... 

Heavy capacity lifting equipment in high demand

By: Paige Müller     20th April 2018 Heavy lifting equipment suppliers must sustain investment in the upgrade of lifting equipment fleets and other resources if they wish to remain competitive, advises lifting solutions provider Johnson Crane Hire sales executive Peter Yaman. “The South African economy is experiencing a slight... 

CMH achieves 17.2% y/y increase in FY18 headline earnings despite challenges

By: Marleny Arnoldi     17th April 2018 Investment holding company Combined Motor Holdings (CMH) on Tuesday reported a good set of results for the financial year ended February 28, despite ongoing challenges including a difficult economic, trading and political environment.  

Rand-Air ‘amps up’ to meet increased demand from customers with major investment in generator fleet

     16th April 2018 Consistent and reliable electrical power supply is an absolute necessity for the smooth functioning of all sectors of industry and modern society today. Over the past few years in South Africa, there has however been growing uncertainty about the reliability of regular AC mains supply. This has... 

Integrated Pump Rental Adds Stainless Steel Submersibles To Rental Fleet

     11th April 2018 Staying ahead in an industry as competitive as pump rental requires a comprehensive understanding of dewatering application requirements. It also necessitates a pump rental fleet that can meet the needs of different market sectors. Integrated Pump Rental recently bolstered its pump rental fleet... 

At the core of new residential suburb in Polokwane

     11th April 2018 Demand for middle-income housing in Polokwane still remains high long after the city was named the capital of Limpopo. This demand is mainly being driven by civil servants, who prefer their own homes to rental accommodation, while the conversion of existing residences into commercial buildings in... 

Wacker Neuson concludes ground-breaking black-owned dealer / distribution agreement with Enza Capital Equipment

     10th April 2018 Wacker Neuson is proud to announce the successful conclusion of a dealer and distribution agreement on 22nd March 2018 which sees Enza Capital Equipment as the first 100% black-owned Wacker Neuson dealer in South Africa. Enza is a member of the Asani Group, a diversified industrial holdings... 

Embattled EPA chief's calendar shows industry had his ear

By: Reuters     9th April 2018 US Environmental Protection Agency administrator Scott Pruitt held 25-times more meetings with industry representatives than environmental advocates during his first seven months in office, according to a Reuters analysis of his schedule, reflecting the agency's pro-business approach under his... 

Need for crane depends on bridge design and location

By: Simone Liedtke     6th April 2018 The need for cranes in the construction of bridges usually depends on the design and geographical location of the bridge, states Midrand-based crane rental agency Concord Cranes, which forms part of the Industrial Services Group. 

Harbour materials handling company transforms corporate identity

     30th March 2018 Durban-based harbour materials handling specialists Big Lift Trucks (BLT) has transformed its corporate identity with the launch of a new company name – BLTWORLD. BLTWORLD MD Ken Mouritzen explains that the company – which has traded locally and internationally as BLT for over 20 years – needed... 

Massive housing project being developed on historical mining area near Joburg CBD

By: Dylan Slater     29th March 2018 A historical mining area now known as Fleurhof, on the northern edge of the Witwatersrand basin, in the Central Rand goldfield, immediately south-west of the Johannesburg central business district, is being transformed into a vast new housing development with the help of alternative mining... 

Atlantic Leaf acquires UK industrial, office property for £14.9m

By: Simone Liedtke     26th March 2018 SEM- and JSE-listed Atlantic Leaf, through its wholly-owned subsidiary Trido, has completed the acquisition of a multilet industrial and office property – Deacon Park – in Knowsley, in the UK, from JCAM Commercial Real Estate Property. 

Adriana Marais

     23rd March 2018 This week we profile Dr Adriana Marais, head of innovation at enterprise resource software and business solutions SAP Africa   

Sarens siba

     16th March 2018 It is the mission of heavy-lifting and engineered transport specialist Sarens to be the reference in crane rental services, heavy lifting and engineered transport. Understanding the need for change and transformation in the South African market, as well as the need to incorporate previously... 

Babcock hauls in DAF sales dealer of the year award

     15th March 2018 Babcock’s Transport Solutions business recently scooped up the award for Best Sales Dealer Sales Operations for 2017 at the annual DAF Sales and Marketing conference held in Eindhoven, Netherlands in February this year. This accolade represented the highlight of the gala dinner where Babcock... 

WesBank forecasts meagre 0.75% growth in new-vehicle sales

By: Irma Venter     14th March 2018 South Africa’s new-vehicle industry is forecast to grow by 0.75% in 2018 compared with last year, says vehicle finance provider WesBank. WesBank CEO Chris de Kock delivered the bank’s view on the market at the 2018 Car of the Year awards held on Tuesday, in Gauteng. 

Himoinsa sees demand growth in construction, mining in Africa 

By: Schalk Burger     12th March 2018 Power equipment manufacturer Himoinsa has expanded its local African teams and partners to meet the growing demand for custom-designed power systems and generators in the construction and mining sectors, Himoinsa Europe, Middle East and Africa director Guillermo Elum said on Monday. The demand... 

Raubex Completes Quality Rdp Multi-Storeys At Riverside View 

     8th March 2018 Raubex Building has notched up another successful RDP housing project in Gauteng, completing 480 units at Riverside View south of Diepsloot in the Fourways area near Johannesburg. The company’s work on the R75 million Riverside View RDP Multi Storey project – implemented for developer Valumax –... 

The 2017 financial year at Jungheinrich: double-digit growth – forecast met

     8th March 2018 • Net sales: +11 per cent, value of incoming orders: +11 per cent and units: +13 per cent • Net income: +18 per cent • Dividend: +14 per cent • Strong demand in the core market of Europe and logistics systems business • Net sales forecast for 2018: €3.6 - 3.7 billion Jungheinrich is pressing... 

Growthpoint starts excavation work for Rosebank office development

By: Marleny Arnoldi     7th March 2018 JSE-listed Growthpoint Properties has started the excavation process for the 35 000 m2 144 Oxford premium-grade office development in Rosebank, Gauteng, with the project expected to be completed in October 2019.  

Pros of on-site solar PV systems

By: Schalk Burger     2nd March 2018 On-site solar photovoltaic (PV) renewable-energy systems serve as effective and cost-effective ways for companies to become familiar with the correct application of renewable generation to reduce energy costs, says South African information and communication technology company Sizwe IT Group... 

Fairvest’s interim distributions increase 9.53% y/y

By: Anine Kilian     1st March 2018 JSE-listed real estate investment trust Fairvest announced solid results for the six months ended December 31, 2017, with interim distributions having increased by 9.53% year-on-year to 9.81c a share.   Revenue increased by 15.2% year-on-year to R186.9-million. 

Attacq lifts interim NAV, says transition to Reit on track

By: Anine Kilian     27th February 2018 JSE-listed Attacq reported a 10.1% increase in its net asset value to R23.51-billion for the six months ended December 31. The group generated distributable earnings a share of 38.9c, while its gearing ratio improved from 41.4% to 36.2%. 

Mixed-use Hatfield Square is latest trend in student accommodation

     27th February 2018 Hatfield Square in Pretoria, designed by architecture and interior architecture practice Paragon, represents the latest trend for student accommodation, focusing on an accessible and safe mixed-use development with all the necessary amenities. The 2 200-bed project is owned by Redefine and... 

CIL revives ‘own-your-wagon’ plans

By: Ajoy K Das     27th February 2018 Acknowledging transportation and logistical bottlenecks as large contributing factors to dry fuel shortages at end-users plants, Coal India Limited (CIL) is drawing up plans to acquire its own railway wagons. The five-year plan will entail CIL acquiring its own wagons to transport coal to thermal... 

Bidvest appoints new CFO, H1 headline earnings increase 13.4% y/y

By: Simone Liedtke     26th February 2018 Despite continued economic headwinds, South African services, trading and distribution company Bidvest achieved a 13.4% year-on-year increase in headline earnings for the six months ended December 31, to R1.9-billion, while headline earnings a share increased by 12.5% year-on-year to 574c.... 

Imperial Holdings delves into unbundling plans, reports solid H1 results

By: Megan van Wyngaardt     20th February 2018 Imperial Holdings' plans for unbundling its Imperial Logistics and Motus entities, and listing them separately, are still in the works but are dependent on a number of internal and external factors, CEO Mark Lamberti said on Tuesday. The company last year said work was in progress to determine... 

Young company grows fast on back of experienced team

     16th February 2018 Proving that experience truly does count, mainstream industrial plant and equipment rental company Afritech Equipment Solutions has secured notable contracts in the petrochemicals industry, having only been in operation for less than a year. Offering what it claims to be the youngest and most... 

Sarens siba

     16th February 2018 It is the mission of heavy-lifting and engineered transport specialist Sarens to be the reference in crane rental services, heavy lifting and engineered transport. Understanding the need for change and transformation in the South African market, as well as the need to incorporate previously... 

Northam opens R900m platinum smelter expansion

By: Martin Creamer     15th February 2018 Platinum mining company Northam on Thursday officially opened a R900-million smelter expansion at its Zondereinde platinum mine in Limpopo province. The addition of a second furnace extends the JSE-listed company’s 30-year-old partnership with metals company Heraeus, which contributed €20-million... 

Two miners die at Yamana's Gualcamayo mine, Argentina

By: Henry Lazenby     2nd February 2018 Canadian gold producer Yamana Gold has reported the death of two contractors at its Gualcamayo mine, in Argentina, the company said on Friday. The dual-listed miner reported that the two employees of a local contractor were travelling in a light truck on an access road at the Las Vacas... 

Hotels urged to capitalise on sharing economy

By: Schalk Burger     2nd February 2018 The hospitality industry is facing strenuous competition from short-term rental services provided through the Internet, such as those provided by Airbnb, so hoteliers should see how they can join in, says renowned Swiss hospitality management school Ecole hôteliere de Lausanne senior lecturer... 

Goscor Earth Moving appoints new GM for SANY range

     30th January 2018 Having clinched its first sale of a SANY SY750 excavator to a major coal-mining company, distributor Goscor Earth Moving (GEM), part of the Goscor Group, is confident that the new range will soon gain significant traction in the local mining, construction, and road-building industries. This is... 

Unitrans, Action Ford deal gets competition authority thumbs up

By: Megan van Wyngaardt     29th January 2018 The Competition Tribunal has conditionally approved a merger whereby Unitrans Automotive, wholly-owned by Steinhoff International Holdings, acquires Action Ford's vehicle dealership business. The merging parties have given an undertaking that there will be no retrenchments for a period of two... 

Sykes Pumps Are The Solution For Mine Dewatering In Africa

     29th January 2018 Two Sykes XH150 trailer mounted pumps will soon be doing dewatering duty at a mine in Africa, supplied by southern African distributors Integrated Pump Rental based in Jet Park, Gauteng. This range of diesel powered units is ideal for dewatering an open pit, offering characteristics that include... 

Boiler supplier secures largest order in 30 years

     26th January 2018 Boiler supplier Dryden Combustion has experienced significant growth since it was acquired by energy solutions provider Energy Partners at the end of 2016, with the successful synergy between the companies enabling Dryden to secure the largest single order in its 30-year history last year. 

Digital transformation in sight

By: Donald Makhafola     26th January 2018 Airports Company South Africa (ACSA) has decided to transform from being an airport business that operates technology to a digital business that manages airports. ACSA CEO Bongani Maseko says the implementation of the five-year digital strategy began in 2016 and the company has already piloted... 

New-vehicle sales moved forward in 2017 after three years in reverse

By: Irma Venter     26th January 2018 After spending three years in negative territory, South African new-vehicle sales finally managed to inch forward in 2017, growing by 1.8%, to 557 586 units, compared with 2016. New-vehicle sales dropped by 11.4% in 2016, 4.1% in 2015 and 0.7% in 2014. 

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