5 Mar 2013

Manufacturing

 



The taxman cometh

Of course, the big news over the past few days has been Pravin Gordhan's budget speech, which has been dissected and analysed, as usual. Not least of these analyses is that by Nedbank Private Wealth, which provided its observations on the 2013-14 Budget Speech.

Gordhan's budget, as usual, was somewhat of a balancing act, but what taxpayers everywhere would like to see is action, not just words, on corruption, mismanagement and waste. After all, we all realise we have to pay taxes, but we want to see our tax monies being used where it matters - and properly, across the board.

Our planet is our only home, so we'd better do better in looking after it. One way of doing so is through protecting and nurturing biodiversity, which, says minister of water and environmental affairs, Edna Molewa, contributes to economy - she says the benefits derived from biodiversity or ecosystem services are estimated at R73bn, contributing to 7% of South Africa's GDP per annum.

We've heard it all before... this plan and that plan to create jobs - or "job opportunities" - and this time it's the KwaZulu-Natal provincial government that says it will assist in creating 11m jobs by 2030.

Job creation is absolutely vital for the future of this country; some fear the levels of frustration and despair among the unemployed could rise to such levels as to lead to civil unrest. Hence, any plan to create jobs is to be welcomed... but how many have there been, and what successes have they achieved? Governments - provincial and national, need to be wary of over-promising and under-delivering.

Is it the end of the land line? Mitchell Barker says that landline users in South Africa are cutting the cord.

Finally, our not so frugal, but fast and fancy motoring editor Henrie Geyser reckons that the new Ford Fiesta is just that... frugal, fast, fancy.

Rod Baker: Content Director

Submit your company news to manufacturingnews@bizcommunity.com. Exclusive contributions may be sent to contributors-manufacturing@bizcommunity.com.

Top stories


Editorial news

Manufacturing

Cape women sew up success
[Cadine Pillay] Tracey Chiappini-Young and Karen Jansen, founders of the soft toy maker Taunina, are on a mission to promote job creation in South Africa through the art of seamstressy. The toys are expensive - ranging in price from $201 (R1 780) to $600 (R5 320) - but keep in mind each one is handmade by women who come from disadvantaged backgrounds. Read more >>


Manufacturing

One-in-three workers are union members
A third of all workers in the formal‚ non-agricultural sector in South Africa are members of trade unions‚ the SA Institute of Race Relations (SAIRR) said on Monday (4 March). Read more >>

Bumper month for vehicle exports in February
[Alexander Parker] Sales of new vehicles increased slightly in February‚ the National Association of Automobile Manufacturers (Naamsa) said on Monday (4 March)‚ but at a much reduced rate. Read more >>

Bitumen import surcharges waived
The International Trade Administration Commission (Itac) has announced a rebate waiver of 10% on the import of petroleum bitumen because of a continued shortage, estimated at about 20% of the local market. Read more >>

Clover, Nestle 'water' new brand
[Nick Hedley] Listed consumer goods and products group Clover Industries said last week it bought Nestlé SA's Gauteng-based Doornkloof property, a bottled water manufacturing facility and its water rights for R58m through a new entity formed by Clover SA and Nestlé. Read more >>

Rainbow Chicken raises R3,9bn
[Zeenat Moorad] Rainbow Chicken successfully raised R3.9bn through a rights issue‚ the company said on Monday (4 March). Read more >>

Tax increase hurts brandy market
The 10% increase in excise duties on brandy will further hurt distillers who are struggling to win back the drink's market share from more attractively priced whisky and vodka brands, industry commentators said last week. Read more >>

Prasa fleet renewal plan draws fire
Despite earlier opposition to the structure of the Passenger Rail Agency of SA's (Prasa) R123bn fleet renewal plan, executives from the Black Business Council (BBC) hope to cash in. Read more >>

Kangaroo sold as kudu biltong
Most of South Africa's biltong - dried strips of cured meat and a much loved snack - has little to do with the ingredients on the label, according to DNA test results published on Friday (1 March). Read more >>

Derailment suspends Maputo coal exports
Coal of Africa said on Thursday (28 February) that it had been advised by Transnet Freight Rail (TFR) of a derailment of 10 wagons on the Maputo (Matola) rail corridor last week that led to all rail traffic between Komatipoort and Maputo being suspended. Read more >>

Price rises reduce electricity use
South African consumers used less electricity last year when compared with the prior year as the price of power more than doubled in three years. Read more >>

Carbon tax may hurt heavy industries
[Edward West] The introduction of a carbon tax is likely to have a great effect on the cost structures of South Africa's heavy industries‚ say analysts. Read more >>

Country Bird's profits down sharply
Poultry producer Country Bird reported a 16% drop in diluted headline earnings per share in the six months to December. The shares fell from 17,84c to 14.98c. Read more >>

Dodgy meat found in SA's retail shops
Goat, water buffalo and donkey meat have been found in food products including sausages, dried meats, burger patties and mince according to a study by scientists at Stellenbosch University. Read more >>

GDP growth up in final quarter of 2012
Economic growth quickened more than expected in the last quarter of 2012‚ as agriculture and manufacturing industries supported growth while mining was a drag‚ Statistics SA figures released on Tuesday (26 February) showed. Read more >>

Super Group, Safika merger approved
The Competition Tribunal has unconditionally approved the Super Group and Safika merger. Read more >>

Prototype car using joystick engineering at Disability Drive Expo
NGO Nicky's Drive, the Cape Peninsula University of Technology (CPUT) and the Disabled People Inclusion Institute (DPII) have partnered to produce the first ever locally engineered prototype car using joystick engineering. The car is set to make driving more accessible for disabled persons in South Africa. Read more >>

Davies wants greater patent protection
The draft policy on intellectual property aims to bring an end to unfair practices and piracy in the South African market, Trade and Industry Minister Rob Davies said on Tuesday (26 February). Read more >>

SAB to build new maltings plant
The South African Breweries (SAB) will invest R700m in a state-of the-art new maltings plant in Alrode‚ Gauteng‚ as part of its continued efforts to support the local economy and drive job creation. Read more >>


International
New medicine limits the urge to drink
COPENHAGEN, DENMARK: The European Union has given the green light for the sale of a medication that will help quench the urge for alcoholics to drink, the companies behind the new treatment said Thursday (28 February). Read more >>

Sony sells Tokyo building for ¥111bn
TOKYO, JAPAN: Sony said Thursday (28 February) it has sold one of its main buildings in Tokyo for US$1.2bn as the embattled Japanese electronics giant offloads assets to help repair its tattered balance sheet. Read more >>

Out with the phone, in with the watch
BARCELONA, SPAIN: After the smartphone, the intelligent watch promises to become the latest hi-tech trend, allowing wearers to peek at messages and even take calls without touching their phones. Read more >>

Cars are the latest smartphone 'accessory'
BARCELONA, SPAIN: Automobile giants at the world's biggest mobile fair are showing off a new technology that turns a car into a smartphone accessory, allowing a driver to use cutting-edge apps without veering off the road. Read more >>

Forecast of 4bn mobile users by 2018
BARCELONA SPAIN: The US$1.0trn global mobile market is predicted to grow to about four billion subscribers by 2018, up from the 3,2bn people who already use mobile services according to a study by A T Kearney and GSMA, which represents 750 mobile operators around the world. Read more >>

More International...


Government
Transport spending will rise to R74bn
[Paul Vecchiatto] Overall spending on transport will increase by 9.7% to R74bn according to the National Treasury's Budget Review. Read more >>

Davies calls for urgent meat probe
[Linda Ensor] Trade and Industry Minister Rob Davies has asked the National Consumer Commission to conduct an urgent investigation into the incorrect labelling of meat products‚ which has been a source of "alarm and panic" for consumers after researchers showed that some meat products such as mince and sausages contained other unlabelled varieties of meat. Read more >>

Carbon tax from 2015
[Angus Macmillan] Carbon tax‚ here we come. With effect from 1 January‚ 2015‚ a carbon tax rate of R120 per ton of carbon dioxide equivalent will be introduced‚ the National Treasury said in its Budget Review document released on Wednesday (27 February). Read more >>

Moderate job creation expected
[Ntsakisi Maswanganyi] The National Treasury expects a moderate employment growth over the next three years‚ it said in its budget review 2013 released on Wednesday (27 February). Read more >>

Green technology must be priority
Green technology is essential to guarantee South Africa's energy security and reduce reliance on imported oil, Water and Environmental Affairs Minister Edna Molewa said in Pretoria West on Tuesday (26 February). Read more >>

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2013 Biz Trends Report


93 pages
49 contributors
41 contributions

New people on biz

Koos Snyman
Manager Balancing & Diagnostic Systems at Durr South Africa (Pty) Ltd.
Mr. Dipak Bargat
Noble Procetech Engineers
liketso Molefe
operation/ marketing exercutive at Enviro-quest
Surya Prakaas Foundry
CEO at Surya Prakaas Foundry
Sumved International
Owner at Sumved International

Industry sectors



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