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Naamsa welcomes uptick in October new-vehicle sales

By: Marleny Arnoldi     1st November 2018 The National Association of Automobile Manufacturers South Africa (Naamsa) on Thursday said the latest domestic new-vehicle sales figures for October reflected an unexpected and welcome uptick of 1.7% to 51 866 units sold, which was largely supported by fairly strong growth in the various... 

TBCSA welcomes R294 billion investment into SA economy

30th October 2018 The Tourism Business Council of South Africa (TBCSA) welcomes the announcement of investment commitments totalling R294 billion at the recently-concluded inaugural Investment Conference hosted by President Cyril Ramaphosa in Sandton. TBCSA believes that the commitments, once converted into live... 

enX records increased Ebit, undertakes key investment

By: Tasneem Bulbulia     29th October 2018 Diversified industrial group enX achieved an increase in adjusted earnings before interest and taxes (Ebit) to R815-million for the financial year ended August 31, compared with an Ebit of R736-million in the prior financial year. enX has three business segments – enX Industrial Equipment (EIE),... 

Dirty Water No Problem For Sykes Water Transfer Range

29th October 2018 Water transfer applications in many industries across Africa must often deal with unpredictable water quality, so it is important to specify a pump built for African conditions - tough, reliable and robust. According to Henru Strydom, Sykes product specialist at Integrated Pump Rentals, the... 

Three Joburg properties open for public tender as part of inner city rejuvenation

By: Tasneem Bulbulia     26th October 2018 The City of Joburg (CoJ) has released information about three inner city properties that are now open for public tender by potential developers, as part of its inner-city rejuvenation project that comprises over 80 buildings and plots for renovation. This project aims to fulfil the city’s vision... 

Octodec focuses on tenant retention, property value-add in challenging market

By: Marleny Arnoldi     22nd October 2018 JSE-listed real estate investment trust Octodec has declared a 203.4c distribution a share for the financial year ended August 31, which is nearly unchanged from the 203.1c a share distribution reported for 2017. Net asset value per share also remained virtually unchanged at R29.39, compared... 

Calgro M3 remains committed to delivering shareholder value despite current challenges

By: Simone Liedtke     22nd October 2018 In a period described by CEO Wikus Lategan as one of the most difficult ever experienced by the company, JSE-listed Calgro M3 posted revenue of R628.6-million for the six months ended August 31. Calgro M3 faced several major challenges, including uncertainty over the economy, coupled with... 

Flow of LME nickel to hidden storage dents bull story

By: Reuters     19th October 2018 The bulk of nickel moving out of London Metal Exchange-approved warehouses in Asia is showing up in hidden facilities in Europe, analysts said, denting a bullish scenario of potential shortages. LME nickel stocks have shrunk by about 40% this year, largely from warehouses in Malaysia, Taiwan... 

Hyflo enables efficient manufacture of hose assemblies

19th October 2018 Hydraulics and pneumatics supplier Hyflo’s extensive range of fluid power products include hydraulic crimping equipment and tooling, designed for the efficient manufacture of factory-quality hose assemblies. “Hyflo’s Parker Parkrimp and Karrykrimp hydraulic crimping equipment enables customers... 

Wacker Neuson empowers customers with flexible financing solutions

18th October 2018 Wacker Neuson South Africa is adding value to its light, compact equipment and service portfolio with the introduction of an in-house financing solution to assist customers with the purchase of new, demo and used Wacker Neuson equipment. “This tailor-made financial solution confirms that our... 

SAB Foundation Social Innovation And Disability Empowerment Awards 2018 Winners Announced

16th October 2018 R12.5 million awarded to South Africa’s most promising social innovators. The 20 winners of the SAB Foundation Social Innovation and Disability Empowerment Awards 2018 were announced on Thursday, 11 October 2018 at an awards event in Johannesburg. The first place winners took home more than R1... 

Rand-Air’s contaminant and oil-free air makes for good medicine

12th October 2018 In the process of manufacturing pharmaceuticals, every input into the final products has to be scrupulously hygienic and sterile, from the start to the end of the manufacturing process. Leaders in the rental of portable air and power solutions Rand-Air is proud to have been able to contribute to... 

Cranes used for heavy lifting on N2 upgrade

12th October 2018 Midrand-based crane rental agency Concord Cranes deployed equipment manufacturer Liebherr’s 440T mobile cranes to the N2 Mtunzini-to-Empangeni upgrade project in KwaZulu-Natal for main client the South African National Roads Agency Limited (Sanral). According to Sanral, this has been acknowledged... 

Jasco moves from planning into execution as it tweaks strategy

By: Natasha Odendaal     12th October 2018 New Jasco CEO Mark van Vuuren has implemented a few tweaks to the company’s already solid strategy to bring about a new sense of purpose. The group, which continues its recovery after returning to profitability in 2016, aims to build a sustainable profitable business by directing the corporate... 

Equites reports solid growth in H1 distributions a share, strategic acquisitions

By: Marleny Arnoldi     11th October 2018 Despite a challenging economic climate, JSE-listed real estate investment trust Equites Property Fund's portfolio continued to perform well during the six months ended August 31, which translated into an 11.7% year-on-year growth in distributions a share. Distributions a share for the period... 

Divercity invests R2bn in Absa Towers, Jewel City redevelopments as part of inner city rejuvenation  

By: Tasneem Bulbulia     10th October 2018 Divercity Urban Property Fund is investing R2-billion in two redevelopment projects – the Absa Towers Main building and Jewel City – in Johannesburg, as part of its strategy to create thriving mixed-use inner city precincts. This investment is the largest into the Johannesburg central business... 

Emira concludes portfolio rebalancing with BEE deal, acquisition of Transcend stake

By: Tasneem Bulbulia     9th October 2018 Emira Property Fund is selling a sizeable R1.8-billion portfolio of 25 office assets to a new majority black-owned entity, Shankly Property Investments, which was specifically set up for this purpose. This concludes the diversified real estate investment trust’s (Reit’s) programme of rebalancing... 

Integrated Pump Rental Slurrysucker Relieves Silting At Chrome Operation

3rd October 2018 When a chrome mine in the Steelpoort area recently experienced a challenge with a tailings dam overfilling with slurry sediment, it was Integrated Pump Rental and its SlurrySucker Maxi dredging unit that came to the rescue. “One of our mining customers had a tailings dam that was filled with... 

Rand-Air's MIRS training investment – 'generating’ the power behind top-quality staff

28th September 2018 In the 45 years since Rand-Air’s inception, this market-leading compressed air and generator rental business has not only maintained a stringent focus on the quality of its products  and customer service – but also the quality of the people who provide the critical interface between the company... 

Getting It Right

28th September 2018 We featured Goscor Access Solutions rental director Nici Verster on the Business Leader page in the September 14 edition of Engineering. However, the company was incorrectly spelt as Goskor Access Solutions. The error is regreted. 

Technical excellence places PERI on top form in construction industry

26th September 2018 One of the largest manufacturers and suppliers of formwork and scaffolding systems in the world, PERI’s key focus in South Africa is innovation and technical excellence to assist its customers in cutting construction costs. PERI South Africa’s value proposition of service and customer benefit... 

Nici Verster

By: Martin Zhuwakinyu     21st September 2018 This week we profile Nici Verster, rental director of Goskor Access Solutions, a mobile elevated work platforms solutions specialist.   

Bobcat skidsteer helps Stepping Stone extension get off the ground

19th September 2018 The donation of a skidsteer, together with a highly-trained operator from Bobcat Equipment South Africa, has allowed a much-needed extension project at the Stepping Stone Hospice & Care Services In-Patient Unit in Alberton get off the ground. The extension, from an eight-ward unit to a 14-ward... 

Bobcat skidsteer helps Stepping Stone extension get off the ground

17th September 2018 The donation of a skidsteer, together with a highly-trained operator from Bobcat Equipment South Africa, has allowed a much-needed extension project at the Stepping Stone Hospice & Care Services In-Patient Unit in Alberton get off the ground. The extension, from an eight-ward unit to a 14-ward... 

Top trends that are likely to change the way we work and live

By: Kim Cloete     14th September 2018 Quantum computing and flying cars are two of the top trends that Frost & Sullivan has outlined within its top trends for 2018/19 at its CEO Think Tank in Cape Town.  The company has looked at trends that are changing the way we work and live. 

City of Johannesburg inner city revitalisation project, South Africa

By: Sheila Barradas     14th September 2018 The City of Johannesburg aims to deliver 4 000 low-cost housing units to inner city residents to address the housing backlog. 

Rand-Air remains sustainable and ahead of the curve with ‘positively disruptive’ business ethos

By: Creamer Media Reporter      13th September 2018 The local market leader in portable air compressors and generator rental, Rand-Air, was established 45 years ago – long before the concept of so-called ‘positive disruption’ became a trendy topic of wider business discussion in MBA classes around the country and internationally. However, in many... 

Guptas' flagship Oakbay faces liquidation application over R2m unpaid rent

By: News24Wire      11th September 2018 Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta's flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court... 

Attacq delivers maiden distribution of 74c

By: Tasneem Bulbulia     11th September 2018 Real estate investment Trust (Reit) Attacq delivered a maiden distribution of 74c apiece for the financial year ended June 30, exceeding market guidance. This comes on the back of the company’s conversion to a Reit in May. 

Stor-Age to acquire self-storage properties in major cities for R58m

By: Marleny Arnoldi     10th September 2018 JSE-listed real estate investment trust Stor-Age has entered into agreements to acquire Roeland Street Investments 2 (RSI2) and Roeland Street Investments 3 (RSI3), for R58-million. RSI2 is being sold by Acucap Investments – a subsidiary of Growthpoint Properties, Stor-Age Property Holdings... 

Easy-to-read identification system keeps ‘tag’ of valuable assets

7th September 2018 An easy-to-read and install identification system for everything from hoses to heavy equipment is available from Banding & Identification (ID) Solutions Africa. Easy Read means maximum tagging effectiveness for enhanced traceability. Such has been the success of the Easy Read system locally that... 

Himoinsa sales and service facility supporting growth in rental demand 

6th September 2018 Generator manufacturer Himoinsa has opened its sales and service facility in Midrand to more effectively serve its rental customers and to provide immediate power to clients while customised power systems are manufactured for their specific applications. Schalk Burger has the story. 

Calculating your return on Investment

By: Creamer Media Reporter      5th September 2018 In today’s competitive business environment, staying ahead of the game is essential. To do this, manufacturers need to ensure that their equipment remains effective and runs optimally at all times. The overall performance of machinery and equipment depends on its Overall Equipment Effectiveness... 

Rand-Air moves on to ever 'hire' levels of customer service with brand new Durban depot

5th September 2018 The staff at Rand-Air's Durban depot have set themselves ambitious targets. Branch Manager Rudi Devry and his team have recently taken occupation of new premises, a move which will assist in realising their growth objectives. Devry explains that their former premises were rented and, after six... 

Fairvest maintains solid results for FY18

By: Simone Liedtke     4th September 2018 South African real estate investment trust Fairvest Property on Tuesday announced solid results for the year ended June 30, with annual distributions increasing by just over 9.9% to 20.15c a share. Fairvest continues to deliver sector-beating growth in distributions, while advancing the portfolio... 

Hyprop ‘ahead of the market’ with total dividend of 756.5c a share for FY18

By: Simone Liedtke     31st August 2018 JSE-listed real estate investment trust (Reit) Hyprop continued to deliver strong growth in a tough economic environment, with a total dividend a share of 756.5c declared for the financial year to June 30. This growth was 8.8% higher than in the prior financial year, the company said on Friday. 

Mobility as a Service could be defining in the future of city transport – ITLS

By: Marleny Arnoldi     30th August 2018 Mobility-as-a-Service (MaaS) can, when integrated with smart mobility and public transport, provide efficient transport services for city inhabitants, says Institute of Transport and Logistics Studies (ITLS) founder and director and Sydney Business School Professor David Hensher. Speaking at a... 

Rental market, power-as-service offerings underpinning demand for generators

By: Schalk Burger     24th August 2018 A growing rental market and the provision of expert services, including electrical engineering services, is providing global generator manufacturer Himoinsa with good growth in Southern Africa, says Himoinsa Southern Africa business development director Matt Bell. The rental market provides it... 

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