11 Jun 2013

Manufacturing

Fraudsters named and shamed, but...

It's all very well for Justice and Constitutional Development Minister Jeff Radebe to tell us that the naming and shaming of a list of convicts shows government's commitment in fighting fraud and corruption. However, there are many of us out there who would like to see a few people higher up, so to speak, not only go to court and answer charges, but also be named and shamed if found guilty.

We have a massive unemployment problem in this country, right? But the ANC is hell-bent on banning labour brokers. Now Busa has warned that if the government goes ahead and bans brokers, unemployment will rise. It's a faint hope, however, that those bent on banning brokers, will listen.

Is your company culture putting you at greater risk of fraud? asks Kevin Phillips. Read this article, take note, and then see where your company might be lacking in prevention measures; it could be the most useful read you have had in some time.

He's big, wild and lovable himself, so he should know... Henrie Geyser, our motoring editor, says that the new Chrysler SRT8 is a big, wild, lovable animal.

And finally...

Hey Bro...Do you want to go like a pro... you know... win an awesome GoPro camera and accessories worth over R6,000. It's so simple... just create or update your MyBiz Profile on Bizcommunity and stand a chance to WIN.

Rod Baker, Content Director

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

Weekly top stories

SA may make parts for Japanese cars
[Linda Ensor] SA and Japan were collaborating on ways to develop the local manufacture of automotive components - a move aimed at increasing jobs, sustaining the industry and containing production costs, Trade and Industry Minister Rob Davies said last week on his return from Japan. Read more >>

Manufacturing
New factory to stimulate job creation for W Cape youth
PRETORIA: Economic Development Minister Ebrahim Patel has lauded the opening of a technology manufacturing factory in the Western Cape, saying the investment will improve job prospects, especially for the youth. Read more >>


Machinery
Poor 'harvest' for tractor sales in May
[Helmo Preuss] Tractor sales were down by 5.2% year-on-year (y/y) in May to 550 units after rising by 5.1% y/y in April to 555 units‚ South African Agricultural Machinery Association (Saama) said on Thursday (6 June). Read more >>


Manufacturing
Mrs Ball's facing a make-over from Tiger?
[Zeenat Moorad] SA's largest food company, Tiger Brands, has plans to innovate and optimise the supply chain of local brand Mrs Ball's Chutney, which it acquired from Unilever for R475m in April. Read more >>

Fast foods popular and highly rated in SA
South African consumers like fast foods and they have given the retail outlets a customer satisfaction score of 79 out of 100‚ according to the South African Customer Satisfaction Index (SAcsi)‚ released on Monday, 10 June 2013. Read more >>

SA may make parts for Japanese cars
[Linda Ensor] SA and Japan were collaborating on ways to develop the local manufacture of automotive components - a move aimed at increasing jobs, sustaining the industry and containing production costs, Trade and Industry Minister Rob Davies said last week on his return from Japan. Read more >>

Converter industry hits hard times
[Charlotte Mathews] SA's catalytic converter once responsible for 16% of global production, will hit a wall over the next two or three years when a new European Union regulation kicks in. Thousands of jobs may be at stake. Read more >>

Yum growth needs to be Streetwise too
[Nick Hedley] YUM Restaurants International is establishing a steady platform for its KFC brand on the African continent from which it intends to grow "exponentially" in the future, according to Bruce Layzell, the group's general manager of new African markets. Read more >>

Sasol denies 'excessive' chemical prices
[Monde Maoto] Sasol Chemical Industries' (SCI) returns from its propylene and polypropylene sales were not the result of excessive pricing but a result of the fair economic valuation of its investments in its business‚ the company's expert witness Andrew Harman told the Competition Tribunal on Thursday (6 June). Read more >>

Renewable energy - SA joins the Club
[Sue Blaine] South Africa has joined a group of 10 countries that have formed a Renewables Club, with the common goal of promoting the use of energy generated from renewable sources worldwide. Read more >>

Denel seeking to diversify business
State-owned aerospace and defence technology company Denel is diversifying its services to reduce its dependency on government funding, the company said on Tuesday (4 June). Read more >>

Oceana, Ulwandle go fishing together
Oceana, with its partner Ulwandle Fishing, is to buy Foodcorp's fishing division for R445m. Read more >>


International

Michelin slashes jobs, boosts production
PARIS, FRANCE: Tyre maker Michelin said on Monday (10 June) it would stop making truck tyres at one of its French factories by 2015, slashing 700 jobs, due to plummeting demand in Europe. Read more >>

GSK's blockbuster drug Avandia reviewed
WASHINGTON, USA: GlaxoSmithKline's controversial diabetes drug Avandia, restricted in the US and banned in Europe over concerns it raises heart attack risk, is getting a second look this week by US medical experts. Read more >>

Prius, Lexus models recalled worldwide
TOKYO, JAPAN: Toyota Motors will recall 242,000 Prius and Lexus hybrid cars globally because of a braking problem, the company said Wednesday (5 June), adding that it was not reported to have caused any accidents. Read more >>

Women prisoners launch fashion label
ROME, ITALY: Women's prison workshops across Italy are joining up under a new commercial fashion brand they hope will help encourage more detainees to learn the trade and give them hope for a future on the outside. Read more >>

Icahn buyout plan under-funded says Dell
NEW YORK, USA: A special committee of Dell's board studying a sale of the computer company said on Wednesday (5 June) that the alternative plan from corporate raider Carl Icahn is under-funded by as much as US$3.9bn. Read more >>

France downgraded by IMF amid poor growth
PARIS, FRANCE: The International Monetary Fund (IMF) said on Tuesday (4 June) that France must keep up its momentum on the reforms launched by the government a year ago to remove obstacles preventing the country from jump-starting economic growth and creating badly-needed jobs. Read more >>

Invest in good food, not junk says FAO
ROME, ITALY: The UN's food agency on Tuesday (4 June) said obesity and poor nutrition weigh heavily on the global economy and told governments that investing in food health would bring big economic as well as social returns. Read more >>


More International


Government

Government urged to drop carbon tax
[Linda Ensor] Opposition parties on Tuesday (4 June) urged government not to proceed with its proposed carbon tax‚ because of its negative impact on SA's growth rate and the minimal impact it would have on global emissions. Read more >>


More Government news


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