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Steelmaker ArcelorMittal profit builds on market recovery

Global steel giant ArcelorMittal said Friday, 10 November, its net profit soared in the third quarter thanks to solid market demand as well as strong prices for its products...

13 Nov 2017

Investors cheer PPC's optimistic trading update
Investors cheer PPC's optimistic trading update

PPC's share price rose 5.8% to R7.53 on Tuesday morning, 7 November, after it said its profitability had improved thanks to "robust growth in Rwanda and Zimbabwe" and a significant reduction in finance fees...

By Robert Laing 8 Nov 2017

Southern Palace Group acquires Genrec Engineering from Murray & Roberts
Southern Palace Group acquires Genrec Engineering from Murray & Roberts

Southern Palace Group recently announced its 100% acquisition of Genrec Engineering, a steel fabrication and manufacturing business, from Murray & Roberts...

2 Nov 2017

Scaw Metals dismisses US claims about steel dumping
Scaw Metals dismisses US claims about steel dumping

South African steel producer Scaw Metals has dismissed an "affirmative preliminary determination" by the US department of commerce...

By Mark Allix 27 Oct 2017

ArcelorMittal SA CEO Wim de Klerk is to retire in early 2018.
ArcelorMittal SA CE to retire in January

ArcelorMittal SA said on Tuesday, 24 October, that CEO Wim de Klerk is to retire in January...

By Andries Mahlangu 25 Oct 2017

South African steel production rises 9.9% y/y in September
South African steel production rises 9.9% y/y in September

SA's steel production grew by 9.9% year-on-year in September to 556,000 tonnes, after surging by 24.4% in August, and following July's 6.3% decline and June's 15.9% plunge, according to the World Steel Association...

By Dominic Preuss 24 Oct 2017

Afrimat to feel pinch of economic slowdown
Afrimat to feel pinch of economic slowdown

Afrimat, after mostly shooting the lights out in its results over many years, appears at last to have been stymied by the poor South African economy...

By Mark Allix 20 Oct 2017

Fifth WoodEX for Africa exhibition set for July 2018
Fifth WoodEX for Africa exhibition set for July 2018

WoodEX for Africa 2018 will take place 11-13 July at Gallagher Estate in Midrand...

17 Oct 2017

PIC bulks up interest in cement-maker PPC
PIC bulks up interest in cement-maker PPC

Cement producer PPC said on Monday, 16 October, the Public Investment Corporation (PIC) had increased its shareholding in the company...

By Ann Crotty 17 Oct 2017

#GBCSA2017: Rubble is a resource
#GBCSA2017: Rubble is a resource

One cubic metre of concrete has a carbon footprint of 350kg of CO2, making this staple material in the construction industry one of the biggest contributors to greenhouse gases in the world...

By Sindy Peters 12 Oct 2017

Fairfax's offer readies the field for a tug-of-war over correct value of PPC
Fairfax's offer readies the field for a tug-of-war over correct value of PPC

The naysayers are starting to crawl out of the woodwork over a proposed pan-African merger between AfriSam, Fairfax Africa Investments and PPC...

By Mark Allix 12 Oct 2017

PPC merger opposition grows
PPC merger opposition grows

Visio Capital Management, which holds 7% of PPC, is the latest investment manager to come out against a partial conditional offer for a merger with SA's largest cement group by AfriSam and Canada's Fairfax Africa Investments...

By Mark Allix 11 Oct 2017

Caterpillar to invest more than R1bn in Southern Africa in next decade
Caterpillar to invest more than R1bn in Southern Africa in next decade

US construction vehicle maker Caterpillar will spend R1.3bn over the next 10 years on South African enterprise and supplier development...

By Mark Allix 6 Oct 2017

PPC board keen to avoid delays
PPC board keen to avoid delays

PPC says the company's independent board is keen to avoid long-running negotiations with any bidders for the company...

By Mark Allix 5 Oct 2017

Prudential opposes AfriSam, PPC deal
Prudential opposes AfriSam, PPC deal

Prudential Investment Managers, one of the top three shareholders in PPC, says it opposes a proposed merger between SA's largest cement group and its unlisted South African rival AfriSam...

By Mark Allix 3 Oct 2017

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BSI Steel considers closing branch

BSI Steel, an AltX-listed processor and distributor of steel products into sub-Saharan Africa, is reviewing the viability of servicing the market in KwaZulu-Natal through its Pietermaritzburg warehouse and offices...

By Mark Allix 29 Sep 2017

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Building activity tapers off

The Afrimat construction index fell for a second quarter in a row, but only marginally, due to political events, said economist Roelof Botha...

By Alistair Anderson 26 Sep 2017

AfriSam upbeat on PPC merger
AfriSam upbeat on PPC merger

AfriSam is confident that its proposed merger with SA's largest cement maker, PPC, has the potential to create significant benefits for all stakeholders...

By Mark Allix 22 Sep 2017

#InnovationMonth: Stainless steel LCC brought into 21st century with app
#InnovationMonth: Stainless steel LCC brought into 21st century with app

According to Sassda executive director John Tarboton, one of the biggest obstacles to the specification of stainless steel in certain applications is the misperception that it's more expensive in comparison to other initially cheaper options...

By Sindy Peters 19 Sep 2017

Heidi van Eeden
Heidi van Eeden wins at Regional LafargeHolcim Awards

South African architect Heidi van Eeden was announced the winner in the Next Generation category of the Regional LafargeHolcim Awards held recently in Nairobi, Kenya...

14 Sep 2017

SAPPMA Pipes XI Conference focuses on sustainability and invention
SAPPMA Pipes XI Conference focuses on sustainability and invention

The SAPPMA Pipes XI Conference took place in Gauteng earlier this month, covering issues relating to plastic piping, water infrastructure and engineering...

13 Sep 2017

PPC tells market it will trim its capex
PPC tells market it will trim its capex

Cement maker PPC presented its outlook to investors on Friday, 8 September, saying it reduced its capital expenditure guidance for the next two years, a move analysts said could help assuage fears about its liquidity position...

By Karl Gernetzky 11 Sep 2017

Italtile-Ceramic deal to take effect in October
Italtile-Ceramic deal to take effect in October

Building materials retailer Italtile said on Wednesday, 6 September, its deal to acquire Ceramic Industries would take effect on 2 October, after the companies receive regulatory clearance...

6 Sep 2017

New country CEO for Lafarge South Africa
New country CEO for Lafarge South Africa

Rossen Papazov has been appointed country chief executive officer (CCEO) of Lafarge South Africa Holdings with effect from 1 October 2017...

5 Sep 2017

AfriSam revises merger offer to PPC
AfriSam revises merger offer to PPC

AfriSam says it has submitted a revised merger proposal to PPC while Canada's Fairfax Africa Investments has a firm intention to buy R2bn of ordinary shares in PPC...

By Mark Allix 5 Sep 2017

Cashbuild aims to push ahead with expansion
Cashbuild aims to push ahead with expansion

Cashbuild, the bakkie builders' go-to store, will not retreat from its expansion plans despite warning that trading will remain extremely tough...

By Giulietta Talevi 31 Aug 2017

Meeting nature halfway: A sustainable future built with timber
Meeting nature halfway: A sustainable future built with timber

Buildings, be they domestic, commercial or industrial, are major consumers of energy the world over and this applies to much more than just their day-to-day running...

By Werner Slabbert 30 Aug 2017

Hi-tech boost for business
Hi-tech boost for business

A new machine housed at the Propella Business Incubator has the potential to save time and money for Nelson Mandela Bay innovators...

By Odette Parfitt 28 Aug 2017

Willem Liebenberg and Andre Kowalenski of Drakenstein Municipality
Drakenstein achieves significant water loss reduction after installing HDPE pipes

Under a 20-year master plan to replace old or aging asbestos pipes with HDPE pipes, the Drakenstein Local Municipality in Paarl, Western Cape has achieved significant successes in reducing water loss...

25 Aug 2017

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