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Disruptive, Digital Era Demands New Business Models

12th September 2018 In 1980, the average life expectancy of a firm in the Fortune 500 was around 38 years. Today, it is less than 15 years and declining all the time, says Sean Culey, a globally recognised business transformation expert and author. He believes that companies aiming to thrive in the new, disruptive,... 

Clover’s FY18 earnings rise despite challenging trading conditions

By: Marleny Arnoldi     12th September 2018 JSE-listed food and beverage group Clover Industries returned the business to historical profitability levels in the financial year ended June 30, declaring a final gross cash dividend of R92.9-million, or 48.6c apiece. The company reported normalised headline earnings of R394-million, which... 

KFC South Africa Donates Over 300 000 Kg’s Of Surplus Food A Ground-Breaking First For Surplus Food In The Quick Service Industry Launching KFC’s Harvest

12th September 2018 KFC South Africa has embarked on an initiative to change the quick service restaurant industry and the way brands deal with their surplus food in restaurants. This programme aims to reduce the volume of food dumped in landfills while combating climate change through the reduction of greenhouse... 

Dedicated offshore transshipment area licensed at Sintoukola

By: Tasneem Bulbulia     12th September 2018 Potash project development company Kore Potash has received approval for a licence for the transshipment of potash and the discharge of waste brine in a dedicated offshore area at its flagship 97%-owned Sintoukola potash project in the Republic of Congo. The Maritime Authorisation licence – one... 

Tongaat's Ntshongweni urban development gets go-ahead

By: African News Agency      12th September 2018 Agricultural group Tongaat Hulett says it has all approvals in place for its Ntshongweni urban development after 20 years of planning. Tongaat said on Tuesday breaking ground on the mixed use development was due to commence in the first quarter of 2019. 

South African business confidence slips in Q3 – survey

By: Reuters     11th September 2018 South African business confidence fell marginally in the third quarter, a survey showed on Tuesday, after the economy slipped into recession and hopes faded for a revival under President Cyril Ramaphosa. The Rand Merchant Bank (RMB) business confidence index compiled by the Bureau for Economic... 

Conservative hiring intentions by employers anticipated in the last quarter - survey

By: Marleny Arnoldi     11th September 2018 South African employers expect conservative hiring intentions, across all industries nationally, for the fourth quarter, the ManPowerGroup Employment Outlook Survey (MEOS) has found. Fourteen per cent of employers expect to increase staffing levels, 8% forecast a decrease and 78% anticipate no... 

Sasol, Indian companies join EP100 global energy saving initiative

By: Marleny Arnoldi     10th September 2018 Petrochemicals giant Sasol and Indian companies UltraTech Cement, Mahindra Vehicle Manufacturers, Mahindra Heavy Engines and Godrej Industries and Associate Companies (Gilac) on Monday pledged to put energy efficiency at the heart of their business growth strategies by joining EP100. EP100 is a... 

Melting ice due to climate change disrupting shipping routes

By: Irma Venter     10th September 2018 Climate change is freeing up new trade routes in some areas, while increasing the risk of ice in others. There was another milestone for Arctic shipping in early 2018 when a specially designed liquid natural gas tanker became the first commercial ship to travel the Northern Sea Route in winter... 

Youth, women, SMMEs at centre of Fourth Industrial Revolution – Ramaphosa

By: African News Agency      10th September 2018 President Cyril Ramaphosa has said that unless women, the youth and small businesses were intrinsically involved in technological advancement, the Fourth Industrial Revolution would fail. Ramaphosa made the remarks on Monday during his opening address at the International Telecoms Union (ITU)... 

Particularly good test results lead to early final acceptance

10th September 2018 TMK-ARTROM starts production on new heat treatment line for pipes supplied by SMS group In February 2018, after a successful test phase, TMK-ARTROM based in Slatina, Romania, granted SMS group (www.sms-group.com) the final acceptance certificate (FAC) for the supplied tube and pipe heat treatment... 

VAST Networks engineers the smartest, wireless dumb pipe

10th September 2018 Technology aimed at pro-actively and cost-effectively addressing the lack of mobile spectrum Aimed at addressing South Africa’s spectrum shortage challenges and facilitating access to affordable connectivity, VAST Networks (VAST) - Africa’s largest public Wi-Fi provider - has developed the... 

Eureka gold mine to restart production in H1 2019

By: Simone Liedtke     7th September 2018 Aim-listed Vast Resources hopes to restart production at the Zimbabwe-based Eureka gold mine, in which the company’s 25%-owned Dallaglio Investments holds a 95% interest, in the first half of 2019. Multiple work programmes are currently being undertaken at Eureka to restore the mine to... 

Hydrogen from renewables may be energy transition’s ‘missing link’

By: Terence Creamer     7th September 2018 Producing hydrogen from variable renewable electricity (VRE) could be the ‘missing link’ in the unfolding transition to a decarbonised global energy system, a newly released report argues. Published by the International Renewable Energy Agency (Irena), the study explores the production of... 

ABB equipment set for Kittilä gold mine in Finland

By: Tasneem Bulbulia     7th September 2018 The Kittilä mine has invested in multinational corporation ABB’s production and personnel hoists, and these are set to be installed and introduced at the mine during 2020/21 The ABB delivery includes one friction type production hoist with 2.5 MW of motor power and a 1.2 MW single drum personnel... 

Kenya economic growth to be curbed by new tax on fuel – industry

By: Reuters     7th September 2018 Kenya's economic growth momentum for this year could be snuffed out if a widely unpopular 16% value-added tax on fuel is maintained, the country's chamber of commerce said on Friday, pointing at higher prices of goods and transport. The tax, which came into force on September 1, is part of a... 

Engen support advances rapid growth of David Swartz Engineering Services

7th September 2018 Petroleum giant’s Enterprise & Supplier Development fund provides an encouraging stimulus for a South Durban engineering firm. David Swartz grew up hard in the Durban township of Wentworth, where opportunities were scarce. His dreams of becoming an architect, thwarted by the modest financial... 

SAPICS Inspires Young Graduates And Students To Tackle Supply Chain Profession’s Skills Gap

7th September 2018 Reflecting its commitment to attracting and developing a pipeline of talent to address the critical skills gap in the supply chain profession, SAPICS, The Professional Body for Supply Chain Management, recently hosted its 4th annual Young Professional and Student Conference in Johannesburg.... 

Engen support advances rapid growth of David Swartz Engineering Services

7th September 2018 Petroleum giant’s Enterprise & Supplier Development fund provides an encouraging stimulus for a South Durban engineering firm. David Swartz grew up hard in the Durban township of Wentworth, where opportunities were scarce. His dreams of becoming an architect, thwarted by the modest financial... 

5G on its way, but roll-out to be pursued on a case-by-case basis

By: Natasha Odendaal     7th September 2018 The rush to test and implement fifth-generation (5G) services has already started, however, this time around, the latest technological advancement will not be built up or deployed in the same manner as preceding technologies, but rather be implemented on a use case basis. Despite the fact that... 

5G on its way, but roll-out to be pursued on a case-by-case basis

By: Natasha Odendaal     7th September 2018 The rush to test and implement fifth-generation (5G) services has already started, however, this time around, the latest technological advancement will not be built up or deployed in the same manner as preceding technologies, but rather be implemented on a use case basis. Despite the fact that... 

Blockchain for enterprise cloud platform to raise transaction trust

By: Schalk Burger     7th September 2018 Cloud technology multinational Oracle’s Blockchain Cloud Service provides a development platform for enterprises and State organisations to build their own scalable and low-cost blockchain networks, says Oracle cloud platform business development director and Europe, Middle East and Africa... 

SAAF Museum Spitfire fighter project at ‘critical point’

By: Rebecca Campbell     7th September 2018 The South African Air Force (SAAF) Museum project to rebuild, into flying condition, one of only two Supermarine Spitfires in South Africa has reached a critical point, requiring significant investment to be able to effectively proceed. The Spitfire is a Mark IXe, built in May 1945 and delivered... 

Vesconite

7th September 2018 Self-lubricated polymer bearings and bushes manufacturer VescoPlastics welcomes visitors to its stand (Hall 6 Stand C23) at Electra Mining Africa, which will be held at Nasrec, Johannesburg, from September 10 to 14. VescoPlastics caters for most bearing and wear-plate-bearing requirements of the... 

South Africa’s logistics ranked third among upper-middle-income countries

By: Simone Liedtke     6th September 2018 The 2018 World Bank Logistics Performance Index (LPI) ranks South Africa as the third most competitive market behind Thailand and China in terms of logistics performance among upper-middle-income economies ranking. Brand South Africa on Thursday welcomed the results of the LPI, which also sees... 

Fuel-price intervention will have ‘no impact on fiscus’

By: Terence Creamer     6th September 2018 Cabinet insisted on Thursday that Energy Minister Jeff Radebe’s intervention to hold fuel prices steady in September – rather than to allow for the August under-recovery to be passed on to motorists as usual – would have no impact on the fiscus. In a statement released following its Wednesday... 

Qld seeks public input on A$1bn coking coal mine

By: Esmarie Iannucci     6th September 2018 The Queensland government has called for public comment on the proposed A$1-billion Olive Downs coal mine, releasing its draft environmental impact statement (EIS). Minister for State Development, Manufacturing, Infrastructure and Planning Cameron Dick said on Thursday that the proposed project... 

AI in your car: ways in which driving will change forever

By: Creamer Media Reporter      6th September 2018 Artificial Intelligence embedded throughout vehicles and roads infrastructure will be as revolutionary for transport as the internal combustion engine once was, says Payment24.   Autonomous or self-driving vehicles may appear to be a new phenomenon, but key transport manufacturers and... 

Transport committee says rail safety regulator should prioritise signalling challenges

By: African News Agency      5th September 2018 The Portfolio Committee on Transport has on Wednesday called on the Rail Safety Regulator (RSR) to prioritise signalling in its programmes. The call comes after more than 100 people were injured on Tuesday after a collision between two passenger Metrorail trains at the Eloff extension in Selby,... 

Copper deal day hits with a flurry of M&A for the hottest metal

By: Bloomberg     5th September 2018 "Everyone loves copper and everyone wants to buy it” has been this year’s mining mantra. Today the ball started rolling. China’s Zijin Mining Group swooped on a huge undeveloped copper mine in Serbia, acting as a white knight to beat out an earlier hostile bid from a Canadian rival. At the same... 

Afrox launches 360-degree Integrated Customer Application Solutions Programme

By: Creamer Media Reporter      5th September 2018 The challenging South African energy, transport, mining and fabrication industries require innovative solutions to stay abreast of global technology and competition. Whether the application is a locomotive, a pressure vessel, tanker, wind tower, a petro-chemical plant shut-down or any other... 

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... 

African rail industry urged to adopt concepts of Fourth Industrial Revolution

By: Nadine James     4th September 2018 The African rail industry must adopt the concepts and develop the technologies of the Fourth Industrial Revolution to facilitate, and realise, the industrialisation aspirations of the continent, delegates attending a South African Heavy Haul Association (SAHHA) technical workshop, on Tuesday,... 

GemCap investment allows Linebooker to venture outside South Africa

By: Irma Venter     4th September 2018 African Rainbow Capital Investments subsidiary GemCap has acquired online transport management business Linebooker from the Oceana Group for an undisclosed amount.   “The investment by GemCap is significant in that it gives us the scope and capital to expand our service offering and logistical... 

More than 100 commuters injured in Joburg train collision

By: African News Agency      4th September 2018 Metrorail has said that a total 112 commuters, mostly without valid train tickets, sustained minor injuries and seven with serious but not critical injuries are receiving medical attention at four local hospitals after a collision between two passenger trains in Johannesburg. This comes after a... 

South Africa in recession for first time since 2009; rand slumps

By: Reuters     4th September 2018 South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday, in a stinging blow to President Cyril Ramaphosa's efforts to revive the economy after a decade of stagnation. Statistics South Africa said the economy contracted by 0.7% quarter-on-quarter,... 

South Africa in technical recession as second quarter GDP falls 

By: News24Wire      4th September 2018 South Africa has officially entered a technical recession, after Stats SA announced on Tuesday that the country's real gross domestic product (GDP) had decreased by 0.7% in the second quarter of the year. This follows a GDP contraction of 2.2% in the first quarter. A technical recession is two... 

Public Protector to probe Metrorail in Western Cape

By: African News Agency      3rd September 2018 The Public Protector has agreed to investigate struggling Metrorail in the Western Cape, where the service has been hit with multiple problems that have seen the numbers of commuters drop by nearly half. Frequent delays and inadequate space on commuter trains have been made worse by the recent... 

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