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Emira’s positive dividend growth continues with on-target half-year performance

14th February 2019 Emira Property Fund today reported a 3.1% year-on-year increase in distributions for its half-year ended 31 December 2018, improving its distribution growth, delivering on its market guidance, and continuing its upward dividend growth trajectory. Its consistent set of interim results deliver on... 

Emira delivers positive dividend growth, facilitated by portfolio repositioning

By: Tasneem Bulbulia     13th February 2019 Diversified real estate investment trust (Reit) Emira Property Fund achieved a 3.1% year-on-year increase in distributions for the six months ended December 31, 2018. In addition to a positive improvement in distribution growth and having met market guidance, Emira CEO Geoff Jennett on Wednesday... 

Naamsa projects 1% increase in new-vehicle sales

By: Thabi Madiba     8th February 2019 The National Association of Automobile Manufacturers of South Africa (Naamsa) projects a marginal increase in new-vehicle sales of 1.0% for 2019, premised on the assumption that South Africa will not be downgraded and a modest increase in gross domestic product (GDP) to about 1.5%, says Naamsa... 

Mayor Mashaba invites S African, international construction firms to transform Joburg’s inner city

5th February 2019 Exciting project unlocking new economic potential for small to medium-sized contractors in the construction industry. 

Rand-Air oil-free compressors assist luxury motor vehicle manufacturer’s ‘drive’ to achieve a perfect finish

4th February 2019 For any company it is gratifying when customers request repeated service. When that customer is of the calibre of a well-known luxury motor vehicle manufacturer, it is a very sound endorsement indeed! Leading local provider of portable air and power Rand-Air was recently requested to hire two... 

Brainpower for Rent: Xylem Rental Solutions makes its debut

4th February 2019 Most extensive expertise, capabilities and portfolio in water technology industry In a move designed to bring the company’s global leadership in engineered water technologies to the growing rental market, Xylem is presenting a new approach and look to its dedicated rental solutions business.... 

Rand-Air oil-free compressors assist luxury motor vehicle manufacturer’s ‘drive’ to achieve a perfect finish

1st February 2019 For any company it is gratifying when customers request repeated service. When that customer is of the calibre of a well-known luxury motor vehicle manufacturer, it is a very sound endorsement indeed! Leading local provider of portable air and power Rand-Air was recently requested to hire two... 

thyssenkrupp hands out boxes of joy to children in care centres

29th January 2019 The festive season is usually a time which is spent sharing in the merriment with family and friends. However, for those without families it can be a lonely and sad period. Children living in care centres have neither families nor funds and therefore the holidays often bring little joy.... 

WesBank expects 1.5% dip in new-car sales, heavy truck market to drop by 4.4%  

By: Irma Venter     28th January 2019 A slump in the global economy, as well as a local economy offering “little in the way of economic stimulation”,  should result in a 1% decline in new-vehicle sales in South Africa in 2019, says vehicle finance group WesBank. “It is quite comforting to know that we were very close with our 2018... 

Ongoing tech investment seen as driver of future tourism growth

By: Schalk Burger     25th January 2019 South Africa must continue to invest in travel technologies and Internet of Things technologies to tap the potential of tourism amid changing expectations of travel and modes of transport, says digital security multinational Gemalto Commonwealth of Independent States, Middle East and Africa... 

Mahindra breaks through 5 000-unit barrier in 2018

By: Irma Venter     21st January 2019 Mahindra South Africa has recorded its best year ever in 2018, when the company sold 5 486 new vehicles in the domestic market. “Breaking through the 5 000 barrier in 2018 culminated in a very busy year for Mahindra,” says Mahindra South Africa CEO Rajesh Gupta. 

Emira upgrades Denver warehouse

By: Tasneem Bulbulia     16th January 2019 JSE-listed Emira Property Fund is set to complete the total refurbishment of its 9 800 m2 warehouse facility, located in the industrial hub of Denver, Johannesburg, by March. Emira is investing R8.2-million in the revamp project. 

Local Kwagga small plant from Hire It a big hit in construction industry

9th January 2019 The increasing demand for fibreoptic cable infrastructure has seen a Durban installer acquire eight Kwagga rammers from Hire It (Natal) (Pty) Ltd. This is testament to the success of the rugged and cost-effective range of small plant for the construction industry. The customer is very happy with... 

Indian govt to mediate in NMDC, Karnataka spat over iron-ore mine

By: Ajoy K Das     7th December 2018 In agreeing to mediate in the spat between State-run miner NMDC and the government of Karnataka over Donimalai iron-ore mine, the Steel Ministry has suggested that the Karnataka government does not invite a new miner to take control of the iron-ore mine. Officials said that the Steel Ministry... 

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... 

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