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Press Office - Metric Automotive Engineering - Reef Fuel

Metric Automotive Engineering - Reef Fuel

Reef Fuel Injection Services is a leading diesel service centre and is an authorised service agent to all five leading diesel fuel injection systems – Bosch, Caterpillar, Delphi, Denso and Stanadyne.

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RMB wins African Banker Investment Bank of the Year award

     18th August 2017 Rand Merchant Bank (RMB) won the Investment Bank of the Year award for the fifth year running in the African Banker Awards 2017. The award is made by the African Banker magazine to the most innovative investment bank operating in Africa. RMB received the accolade at an award ceremony on 23rd May... 

Cost of disintegration to thwart de-globalisation efforts, Lamy avers

By: Terence Creamer     18th August 2017 Former World Trade Organisation director-general Pascal Lamy sees no turning back from globalisation, despite the current rise in political nationalism and trade protectionism. Speaking in Johannesburg this week, Lamy argued that the cost of “disintegration” would simply be too high for countries... 

Former Sierra Rutile CEO denies bribery claims

By: Esmarie Swanepoel     18th August 2017 Sierra Leone Presidential candidate and former CEO of Sierra Rutile John Sisay has denied allegations that he was involved in bribery to secure mining licences in the African nation. Reports emerged this week alleging that mineral sands miner Iluka had uncovered suspected bribe payments by Sisay... 

New branding, again, for SA’s premier motoring event

By: Irma Venter     18th August 2017 From Auto Africa, to the Johannesburg International Motor Show, to the Festival of Motoring, to the South African (SA) Motoring Experience . . . In an effort to seek increased support from cost-conscious motor manufacturers and consumers, South Africa’s premier motoring event has again been... 

PEAKS & PEEVES

     18th August 2017 Construction workers pictured above build new track as part of renovation works aimed at boosting peak-time capacity by 30% at the London Waterloo train station, in the UK capital. The £800-million- renovation will open four platforms mothballed since Channel Tunnel express trains switched to St.... 

Thanks, Mr Trump, for introducing the concept of fake news

     18th August 2017 There is certainly one thing that US President Donald Trump has given to the world, and that is the concept of fake news. I watched, in real time, Trump’s media interaction in which he first used the term.  That media interaction was scheduled to last for 20 minutes; it went on for 75 minutes.... 

Wolf making progress with turnaround plan for UK project

By: Creamer Media Reporter      17th August 2017 Specialty metals producer Wolf Minerals said on Thursday that the operational turnaround plan for its Drakeland openpit mine at the Hemerdon tungsten and tin project in Devon, south-west England, was making good progress. The turnaround plan, which was announced last month, is aimed at achieving... 

Low consumer confidence contributes to weaker H1 for Famous Brands

By: Anine Kilian     16th August 2017 JSE-listed Famous Brands expects its results for the six months to August 31 to be weaker than those reported for the six months to August 31, 2016. In a voluntary trading update issued on Wednesday, the company said trading conditions in the South African market had declined further in the five... 

Miners drive strong European share gains as investors await GDP figures

By: Reuters     16th August 2017 Miners and oil stocks helped Europe's major share index make robust gains on Wednesday as higher metals prices lent a hand and investors awaited eurozone GDP figures expected to confirm the bloc's economic growth was on track. The pan-European STOXX 600 rose 0.7%, its third day of gains after a... 

Sierra Rutile bribery scandal unlikely to affect Iluka operations

By: Esmarie Swanepoel     16th August 2017 ASX-listed mineral sands miner Iluka said on Wednesday that a bribery scandal at its recently acquired Sierra Rutile operations, in Sierra Leone, was unlikely to have a material impact on the company. Reports emerged this week that Iluka had uncovered suspected bribe payments made by... 

Imperial’s Motus division acquires UK automotive dealer group for R493m

By: Creamer Media Reporter      15th August 2017 Imperial Holdings’ vehicle division Motus has acquired UK automotive dealer group Pentagon Motor Holdings for R493-million. “Imperial has strong global partnerships with leading vehicle manufacturers and we are delighted to expand our international retail footprint into the passenger and light... 

Cornish Lithium project secures £1m for exploration

By: Reuters     14th August 2017 British mining company Cornish Lithium has secured £1-million to explore for lithium in Cornwall, southwest England, its CEO said, taking the country a step closer to a domestic source of the strategic mineral. Lithium plays an essential role in electric car batteries, and is produced by... 

Fibres In Concrete Save Time, Money At Clearwater Project

     14th August 2017 The use of polypropylene fibres in concrete flooring applications has provided major benefits for all stakeholders in the Clearwater Corporate Office Park project on Gauteng’s East Rand. The building will be the first in South Africa to employ the CHRYSO Durus S400 Macro Fibre from concrete and... 

Bloodhound set to be driven for the first time in October

By: Irma Venter     11th August 2017 The Bloodhound supersonic car (SSC) will be driven for the first time at Cornwall Airport Newquay, in the UK, this October, twenty years after the current land-speed record of 1 228 km/h was set.   Wing Commander Andy Green, who steered the Thrust SSC to a new record on October 15, 1997, will... 

Company providing a package for complete heat containment

     11th August 2017 Johannesburg-based incineration technology company Saubatech (formerly a division of Safurnco) is now offering a total heat containment package. Saubatech’s total heat containment package starts with the heat transfer service. Saubatech enlightens that a common problem is where companies put too... 

Electric vehicles to comprise majority of cars sold globally by 2040

By: Irma Venter     11th August 2017 Electric vehicles (EVs) will make up the majority of new-car sales worldwide by 2040, and account for 33% of all the light-duty vehicles on the road, according to new research published by Bloomberg New Energy Finance (BNEF). The forecast draws on detailed analysis of likely future reductions in... 

LARGE & GRAND

     11th August 2017 Rolls-Royce unveiled its Phantom VIII, described as its largest and grandest car ever, in late July. The revamped 2018 version is only the second modern version of the flagship state car, which Rolls-Royce first introduced in 1925. The BMW Group unveiled the first modern Phantom in 2003 and used... 

Booming end-user industries and adoption of premium footwear will drive new growth opportunities, finds Frost & Sullivan’s Visionary Science team

     10th August 2017 The Western European protective footwear market continues to pick up pace, driven by technology advancements and end-user preference for comfortable, aesthetically appealing, ergonomically designed, lightweight footwear that offer mandated protection levels. Iberia will be a hotspot while... 

Income investors run for cover as dependable UK dividends in jeopardy

By: Reuters     9th August 2017 Attractively high dividend payouts by companies listed on Britain's stock market could be in danger. The sectors currently delivering the biggest dividends -- those that have kept yield-hungry investors in the UK market -- are showing signs of strain. 

Nigeria to permanently seize former oil minister's $37.5m property

By: Reuters     8th August 2017 Nigeria has been told by a court it can permanently seize a $37.5-million apartment block owned by a former oil minister who is wanted for money laundering. The property belongs to former petroleum minister Diezani Alison-Madueke, who was in office between 2011 and 2015. It had previously been... 

TrenTyre rolls out FleetFirst tyre management programme in S Africa

By: Irma Venter     7th August 2017 TrenTyre has launched FleetFirst, a tyre management solution offered by Goodyear, in the South African fleet market. FleetFirst currently takes care of more than 200 000 trucks in 28 European countries, including Spain and the UK. 

Companies must work harder at creating an environment for women leaders to rise to the top

     7th August 2017 As South Africa celebrates Women’s month in August this year, the importance of gender equality is arguably more prominent on the corporate agenda today than it has ever been, yet this does not seem to have made a meaningful difference in the growth of female leadership in South Africa, or in the... 

Uganda, Tanzania start work on construction of $3.5bn oil pipeline

By: Reuters     7th August 2017 The leaders of Tanzania and Uganda laid a foundation stone on Saturday for the construction of a $3.55-billion-crude export pipeline that would pump Ugandan oil for international markets. The 1,445 km-project - set for completion by 2020 - will stretch from landlocked Uganda's western region,... 

As batteries make power play, South Africa mulls market participation

By: Irma Venter     4th August 2017 The world changed more than could be imagined in the 1990s. Not only was it the advent of all things Internet and digital connectivity, it also saw the birth of the rechargeable lithium battery, required to charge humankind’s new tools, such as cellphones and laptop computers. Today, the chase is... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce  

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing trans- formation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

As batteries make power play, South Africa mulls market participation

By: Irma Venter     4th August 2017 The world changed more than could be imagined in the 1990s. Not only was it the advent of all things Internet and digital connectivity, it also saw the birth of the rechargeable lithium battery, required to charge humankind’s new tools, such as cellphones and laptop computers. Today the chase is... 

Decolonising the green economy

By: Saliem Fakir     4th August 2017 On June 13, a good agent provocateur, former National Planning Commission member Mike Muller, proposed in a panel discussion at a Trade and Investment Policy Secretariat (TIPS) conference on sustainable growth and industrialisation that we should decolonise the idea of the green economy. Muller... 

It’s not about improving

By: Riaan de Lange     4th August 2017 'Out of the mouths of babes' is a well-known phrase in the Bible that implies that there is truth and wisdom in the comments and observations of children, who are honest and innocent. I am on the bus with my young son, having just collected him from summer camp. We are travelling through... 

Liezl Gericke

     4th August 2017 This week we feature Lizl Gericke, country manager for Southern Africa at Virgin Atlantic   

UK reassures Sacu about future trade relations, reaffirms commitment to free trade

By: Keith Campbell     4th August 2017 The Southern African Customs Union (SACU) has welcomed the UK’s intention of preventing disruption of trade relations with other countries as it leaves the European Union (EU). This was affirmed in a Joint Statement issued by SACU and the UK following discussions between Trade Ministers from the... 

Electric-car revolution is shaking up the biggest metals markets

By: Bloomberg     3rd August 2017 The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets. While some of the largest diversified miners like Glencore argue fossil fuels such as coal and oil still play a crucial role... 

Introduce stringent anti-emission laws – Royal Bafokeng Platinum

By: Martin Creamer     2nd August 2017 The South African government must introduce stringent anti-emission legislation as well as press for the platinum equivalent of the gold Kruger Rand, Royal Bafokeng Platinum CEO Steve Phiri insists. Phiri expressed dismay at the government, as custodian of the world’s major platinum endowment,... 

TNPA appoints first female CE

By: Creamer Media Reporter      1st August 2017 Shulami Qalinge has been appointed to succeed Richard Vallihu as CE of the Transnet National Ports Authority (TNPA), effective July 7. She is the first female CE of the TNPA and will provide strategic direction and leadership in the implementation of the overall TNPA strategic objectives and... 

Fresnillo's profit nearly doubles in first half

By: Reuters     1st August 2017 Precious metals miner Fresnillo said profit for its first half nearly doubled boosted by higher gold and silver prices and increased silver output from its San Julian and Fresnillo mines. Fresnillo's average realised prices for silver rose 5.2% to $17.4/oz in the first half, while the average... 

Zinc, copper resurgence good news for Anglesey

By: Mariaan Webb     31st July 2017 An expected upward movement in zinc and copper prices bodes well for UK-based Anglesey Mining, which is planning on building a zinc/copper/lead mine in north Wales. Chairperson John Kearney said on Monday that there were “real signs of resurgence” in the mining industry and that there was a... 

Electric vehicle demand fuels Umicore profit rise

By: Reuters     31st July 2017 Strong demand for materials used in electric vehicles helped Belgian group Umicore to report first-half operating income (EBIT) above analysts' estimates on Monday. Umicore has positioned itself to take advantage of rising demand for electric vehicles, investing €460-million to expand by over... 

Bidvest makes R2.7bn play for Irish facilities management group

By: Natasha Odendaal     31st July 2017 JSE-listed Bidvest has entered into an agreement to acquire 100% of Ireland-based integrated facilities management group Noonan from Alchemy Partners and Noonan’s current management team for an enterprise value consideration of R2.7-billion. Noonan operates in Ireland and the UK, where 40% of its... 

City of Cape Town’s support generates investment worth R2.67bn, with 6 236 jobs created in key growth industries 

By: African News Agency      31st July 2017 The City of Cape Town, via its enterprise and investment department under the directorate of the mayor, has facilitated R2.67-billion worth of investment which has resulted in 6 236 direct jobs created for the people of Cape Town in the past financial year (July 2016 – June 2017), the city said... 

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