12 Mar 2013

Manufacturing

 



SAAF, Denel agree to retain skilled jobs

If there is one thing that is common in SA today, it is a shortage of skills, so it's good news to see that Denel and the SAAF have agreed to retain 139 skilled jobs. So at least sense has prevailed in this instance.

How was that last braai you had? You enjoyed the steaks? Do I hear you say 'nay'? Well, if you found out your tasty steak was actually the last nag in the Bod Raker Handicap at Kenilworth last Saturday, you might not be able to get a payday out of it... Even if you do happen to be an old lady who swallowed a horse....

If you thought the board antics at the SABC was the stuff of soap operas, then SAA's board antics seem to be trying to follow on, as minister of public enterprises Malusi Gigaba says aiKona to South African Airways suspended acting CEO Vuyisile Kona.

And the buck stops... where? Corruption is robbing this country of billions, so it's nice to hear that a new anti-corruption bureau is to fast track cases against public servants. Now, one hopes that will apply across the board - right to the very top... you know... the cabinet, if evidence of corruption is found?

Finally, our very own bright spark, motoring editor Henrie Geyser reckons that the new baby Chevrolets now spark even brighter. Just like Henrie then.

Rod Baker: Content Director

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Manufacturing

Denel and the SAAF agree to retain 139 skilled jobs
Denel SOC and the South African Air Force (SAAF) have agreed on the future of a skills supply agreement that will result in the retention of 139 skilled positions. Read more >>

Geely preferred candidate to take over Fisker, says Chinese media
Chinese car maker Geely is the preferred candidate of only two companies worldwide on a shortlist to partner the promising American electric car manufacturer Fisker, whose executives have just returned from China after a visit over the Chinese New Year period. Read more >>

Carrol Boyes designer range goes to Russia
Carrol Boyes, Cape Town-based manufacturer of stylish home and tableware will soon be supplying the Russian market with its designer range. Committed to growing the brand's global presence, Lesley Grimbeek, Carrol Boyes head of sales, participated in Wesgro's Export Development Programme (EDP). Read more >>

Now on YouTube: Media Career Guide episode with Bizcommunity
[Issued by Bizcommunity] Now available for viewing on small screens everywhere, via Bizcommunity's YouTube channel, is the Media Career Guide TV interview with our editor-at-large, Simone Puterman, which flighted on SABC1 during February 2013. [video] Read more >>  visit press office >>


Manufacturing

AVI's R921m profit in six months
Consumer goods group AVI has reported an 8% rise in headline earnings per share to 210c in the six months ended December‚ from 194.2c a year ago. Read more >>

Howden Africa's earnings up 26%
Designer‚ manufacturer and marketer of air and gas handling solutions Howden Africa reported a 25.8% improvement in earnings per share from 193.97 cents to 244.05 cents for the year to December. Read more >>

Bigger is better says motor industry
Growing affluence in emerging markets is good news for manufacturers of gas-guzzling vehicles. Read more >>

Bulk exports up by 11,5%
[Helmo Preuss] SA's bulk export volumes rose by 11.5% year-on-year (y/y) in February to 11.9-million tons (Mt) after dropping by 12.7% y/y in January to 11.8Mt according to figures released by Transnet National Ports Authority Read more >>

Spurred by 35.3% earnings growth
Franchise restaurant group Spur Corporation last week reported diluted headline earnings per share of 89.91c for the six months ended December‚ up 35.3% from the previous period. Read more >>

Asia-Pacific region drives Aspen's revenue growth
[Tamar Kahn] SA's biggest drug manufacturer Aspen Pharmacare expects its Asia-Pacific business to generate the biggest share of the company's revenue by the end of the year‚ its chief executive Stephen Saad said at the release of its interim results for the six months to December. Read more >>

Weak rand boosts wool prices
Wool prices received a fillip from a weaker rand and a large offering this week‚ with the Cape Wools Merino indicator gaining 1.3% on last week‚ Cape Wools reported on Wednesday (6 March). Read more >>

SABMiller to build new brewery in Namibia
[Zeenat Moorad] The world's second-largest brewer‚ SABMiller (SAB) will begin construction of its planned 260‚000 hectolitre brewery in Namibia next month‚ the company said on Wednesday (6 March). Read more >>

Steinhoff's profits up 36% to R5bn
Global furniture retailer and manufacturer Steinhoff International Holdings on Tuesday (5 March) said that group revenue grew 52% to R57.3bn while operating profit was up 36% to R5.0bn. Cash generated from operations increased 44% to R4.5bn. Read more >>


International
Car sales slump in India
NEW DELHI, INDIA: Car sales in India's once-booming passenger market plunged nearly 26% last month on an annual basis, their worst performance in 12 years, industry figures showed on Monday (11 March). Read more >>

Toyota appoints non-Japanese managers
TOKYO, JAPAN: A management shake-up at Toyota heralds a new era which will force the firm to look beyond the narrow confines of corporate life in Japan and help it in the global marketplace, analysts said last week. Read more >>

Nokia boss takes 45% pay cut
HELSINKI, FINLAND: Nokia, once the world's biggest mobile phone maker, said its chief executive Stephen Elop received no bonus in 2012, reducing his overall income by 45%. Read more >>

World car sales likely to grow by 3%
GENEVA, SWITZERLAND: Global sales of cars, buses, utility vehicles and trucks are expected to grow by 3% this year, down from 5% in 2012, according to a forecast published on Wednesday (6 March). Read more >>

Gadgets and gizmos at Hanover fair
HANOVER, GERMANY: From a glove that can be used as a mobile phone to a remote-controlled spy helicopter, this year's CeBIT, the world's top high-technology product fair, showcases a bewildering array of gadgets. Read more >>

More International...


Government
SA holds trade talks with Belarus
South Africa has started talks to establish bilateral trade relations in agriculture with the Republic of Belarus, the department of agriculture, forestry and fisheries said on Monday (11 March) Read more >>

Africa's own silicon valley
The Western Cape is on track to establish itself as Africa's Silicon Valley, which bodes well for the province's drive to become a centre of business excellence, the Cape Chamber of Commerce said last week. Read more >>

Gauteng unemployment drops to 23.7%
The biggest decrease in the rate of unemployment in South Africa last year was recorded in Gauteng, economic development MEC Nkosiphendule Kolisile said on Sunday (10 March). Read more >>

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2013 Biz Trends Report


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