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Manufacturing

Weekly top stories
Sappi's moves from loss to profit
Pulp and paper producer Sappi has reported basic earnings per share (EPS) of three US cents for the quarter ended December compared with 2c in the December 2012‚ but a sharp turnaround from the loss of 29c it reported in the September quarter. Read more >>


Manufacturing
Wind energy wafts into SA's power grid from west coast

Sue Blaine

South Africa's energy grid has received one of its first injections of wind energy since Umoya Energy's 37-turbine Hopefield wind farm was certified as fully operational 10 days ago‚ the Cape Town-based comapny said on Monday (10 February). Read more >>

'Solutions sought for high port tariffs'

Ntsakisi Maswanganyi

Companies in the shipping industry and port authorities are seeking to resolve the challenges that South Africa's high port tariffs represent and to make it easier to do business in the country‚ says Maersk South Africa's Fred Jacobs. Read more >>

PPC prepares to enter Algerian cement market
PPC said on Monday (10 February) advanced plans are in place to enter the Algerian cement market‚ through a partnership with Algerian private sector investors‚ in Hodna Cement. Read more >>

Clover earnings up between 82% and 92%
Clover Industries said that it expects headline earnings per share (HEPS) for the six months ended December to be between 82% and 92% higher than year-earlier period‚ when it reported HEPS of 40.7c. Read more >>

Development funders mull car project

Allan Seccombe

The African Development Bank plans to make a large investment in South Africa's automotive sector with the Industrial Development Corporation‚ after a US$200m investment in a manganese project. Read more >>

ArcelorMittal's quarterly loss of share 75c
Steel manufacturer ArcelorMittal SA reported a loss per share of 75c for the quarter ended December, returning to the red after posting headline earnings per share of 50c in the previous quarter. Read more >>

Opposition to Foodcorp's deal with Oceana

Amanda Visser

A competitor in the market for fishing and processing canned fish‚ Saldanha Fisheries‚ is opposing the merger between Oceana and Foodcorp. Read more >>

Governments warned over mining industries: Tread carefully

Paul Vecchiatto

Governments of resource rich countries have to be careful about how they pursue higher taxes and rents on mining companies as they could run the risk of flouting international trade rules‚ the Mining Indaba heard on Tuesday (4 February). Read more >>

Low growth squeezes pay packets
Stagnant economic growth has led to questions being asked about the affordability of labour, according to the Labour Market Report released on Tuesday (4 February). Read more >>

New vehicle sales disappoint as expected

Nick Hedley

In line with expectations‚ new vehicle sales started the year on a weak note‚ according to the National Association of Automobile Manufacturers of South Africa (Naamsa). Read more >>

Tighter vehicle emission law good news for SA platinum producers

Allan Seccombe

Platinum demand could receive a boost from emerging market economies where stricter motor vehicle emission legislation is increasingly being enacted‚ which is good news for producers in SA, said Beresford Clarke from SFA (Oxford). Read more >>

Grindrod, Northwest Rail to develop copper railway in Zambia

Mark Allix

Grindrod‚ a JSE-listed freight and logistics service provider‚ through its wholly owned subsidiary Grindrod Mauritius‚ will work with Zambia's Northwest Rail Company to build‚ operate and maintain a new 590km Cape gauge railway from Chingola in the Zambian copperbelt to the Angolan border. Read more >>

Italtile says earnings will be higher
Italtile says its basic earnings per share for the six months to December (EPS) would be between 18% and 20% higher‚ and its headline earnings per share (HEPS) would be between 15% and 17% higher‚ compared with the EPS of 23.9c and the HEPS of 24.0c for last year. Read more >>

Vietnam's hit game developer pulls plug on Flappy Bird
HANOI - The Vietnamese developer behind the smash-hit free game Flappy Bird has pulled his creation from online stores after announcing that its runaway success had ruined his "simple life". Read more >>

Amazon pulls mangled ebooks from Kindle shelves
SAN FRANCISCO, USA: Amazon has yanked gibberish translations of classic works from the shelves of its online ebooks store. Read more >>

Sony cuts 5,000 jobs, exits PC business after US$1bn loss
TOKYO, JAPAN: Sony warned it would record a US$1.08bn annual loss and cut 5,000 jobs while exiting the stagnant PC market this year as the once-mighty electronics company struggles to reinvent itself in the digital age. Read more >>

SA software sector to 'balloon' in 2014

Samuel Mungadze

SA's software market will balloon this year as spending is forecast to increase 10.5% to US$518m (R5.7bn)‚ according to the latest International Data Corporation (IDC) market analysis report. Read more >>

Gates quits as Microsoft chairman, new CEO named
WASHINGTON, USA: Microsoft said that founder Bill Gates was stepping down as chairman to become a technology adviser to the technology company and that Indian-born Satya Nadella would be Microsoft's new chief executive officer. Read more >>

Earnings for Astral Foods at least 20% higher
Headline earnings per share for Astral Foods over the six months to March will be at least 20% higher when compared with last year‚ the company said on Tuesday (4 February). Read more >>


International

Nissan profits from rise in North America, China sales
TOKYO, JAPAN: Japanese car manufacturers Nissan said its nine-month net profit jumped 18.4% as it benefited from a weaker yen and accelerating sales in North America and China. Read more >>

Tata Motors' profit triples on JLR sales
NEW DELHI, INDIA: Tata Motors, India's top vehicle group, on Monday (10 February) reported a tripling of quarterly net profit in a sterling performance by British luxury brand Jaguar Land Rover (JLR), which offset dismal domestic sales. Read more >>

HTC, Nokia reach settlement on patent lawsuits
TAIPEI, TAIWAN: Taiwan's smartphone manufacturer HTC said it signed a patent and technology collaboration agreement with Finnish phone company Nokia to end all pending patent litigation between them. Read more >>

Google buys 5.94% stake in Lenovo
HONG KONG: Google bought a 5.94% stake in Lenovo for US$750m having sold Motorola to the Chinese technology company. Read more >>

Toyota halts Venezuela production
CARACAS, VENEZUELA: Toyota is halting production at its only assembly plant in Venezuela because the world's largest car manufacturer lacks the hard currency to import parts due to government controls, a factory official said last week. Read more >>

Volvo cuts 2,400 more jobs as truck sales drop
STOCKHOLM, SWEDEN - Swedish truck maker Volvo is cutting 2,400 jobs in addition to 2,000 cuts the group announced in October, in a move aimed at boosting falling profitability. Read more >>

Alcatel-Lucent - from losses to profits
PARIS, FRANCE: Alcatel-Lucent, a leading global supplier of telecommunications equipment for the internet, said it had slashed its net losses by a third last year and would sell its subsidiary Enterprise to a Chinese firm Read more >>

Dry weather in Brazil drives up coffee price
LONDON, UK: The price of coffee rose to the highest levels for months on Tuesday, 4 February 2014, because of exceptionally dry weather in Brazil which could crimp harvests in the country, the world's biggest producer and exporter. Read more >>

Panasonic, Sharp point to better times ahead
TOKYO, JAPAN - Japan's Panasonic and Sharp on Tuesday, 4 February, pointed to better times ahead as earnings improved thanks to an overhaul of their businesses and the yen's decline, but the recovery was held back by weak sales of consumer gadgets. Read more >>


More International


Government

Give state time to implement interventions
PRETORIA: North West Premier Thandi Modise has urged the residents of Majakaneng, near Brits, to give government a chance to implement its R2bn provincial water plan before staging protests. Read more >>

SA has restored peace in mining sector says Shabangu
Cape Town - As the strike in the platinum sector continues, the Minister of Energy Susan Shabangu calmed fears it would harm the industry and country by pointing out that South Africa had restored the rule of law, peace and stability in the mining sector. Read more >>

KZN mulls setting up automotive supplier park
The KwaZulu-Natal provincial government is considering establishing an automotive supplier park. Read more >>


More Government news


Jobs offered




All industry news


Marketing & Media
Entries for PRISM Awards closes on 14 February
The Super Bowl for advertising - Michael Wood
Two SA creatives selected as Dubai Lynx judges

Medical
Discovery Health Journalism Awards opens new category
Move to healthy lifestyle this February

Retail
Famous Brands drops 15% since reaching record
Woolworths appoints new MD
[2014 trends] Fashionably late - Nick Schilperoort

Government
Seven to appear in court for damaging IEC material
SASSA clamps down on grant fraud
Effective management critical to government's service delivery - Ingrid Barbara Lewin: BA (Wits), LLB (Natal)

Mining
Alternative Mining Indaba can ensure bright future

CSI
Kellogg's, Parmalat partner with FoodBank SA

Finance
Auditor-general reports R20bn in 'irregular expenditure'
SA will not reach lower tax target‚ say analysts - Amanda Visser
Microloans are Cash Converters' best business - Adele Shevel

Agriculture
Agri-Expo, CADEK sign collaboration agreement
C40 Cities Mayors' Summit discuss Arup's findings

GreenBiz
SA glass recycling rate increases

HR & Recruitment
New B-BBEE codes cause confusion
Invitation to enter for entrepreneur competition
[BizCareers] First and Last Impressions... - Juliette Attwell

Legal
Hogan Lovells to open business services centre
Protection of your personal name, a priority - Tiffany Conley

Property
Cape Town's properties attract foreigners
New Europe Property distribution improves 15% - Alistair Anderson

Education
Improving your presentation skills can improve your earning capacity - John French
ICHAF corporate training empowers students
Allan Gray Fellowship applications now open

Tourism
Club Travel launches corporate website
Tourism Radio targets Canada

ICT
Reimagine the way you engage with customers
Hisense celebrates Chinese New Year
IBM wins Frost & Sullivan leadership award

Logistics
OneLogix shares up almost 23% on positive results - Zeenat Moorad
BA showcases GBP5 billion investment

Lifestyle & Entertainment
Judith Sephuma, Ernie J Smith and Lira to perform at Jazz On The Rocks
CTEMF 2014 - An imagined community - Megan Holt
Nokia Rise & Shine Festival back in Sandton

Automotive
Fiat reorganises after completion of the purchase of Chrysler Group LLC
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