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Manufacturing

Weekly top stories


New C-Class Merc to be produced locally
On 15 May 2014, Mercedes-Benz South Africa (MBSA) marked the official start of production of the new next-generation Mercedes-Benz C-Class at its East London manufacturing plant. Read more >>


Manufacturing
Astral Foods diluted earnings up 308% to 386c
Poultry producer Astral Foods reported a 308% jump in diluted headline earnings per share to 386c for the six months to March‚ but the strong results come off a low base compared with the prior interim period. Read more >>




Finding opportunities in South Africa's manufacturing sectors

Issued by Siyenza

For the manufacturing sector in South Africa to grow, certain challenges that pose a threat to this growth, such as the difficult labour relations and the lack of consistent power supply, need to be alleviated. These issues will be addressed at the inaugural Manufacturing Indaba at Emperors Palace on 19-20 May. Read more >>

City of Ekurhuleni Sponsors Inaugural Manufacturing Indaba

Issued by Siyenza

The City of Ekurhuleni, in association with Siyenza, is pleased to announce its partnership with the inaugural Manufacturing Indaba, being held at Emperors Palace, Ekurhuleni on 19 and 20 May. Read more >>

AfriMold partners with SA Automotive Week
Two of Africa's manufacturing trade shows; South African Automotive Week (SAAW) and AfriMold have announced a co-hosting agreement for 2014. Both shows will be hosted at Gallagher Convention Centre between 13-17 October 2014 at the Gallagher Convention Centre in Midrand, Johannesburg. Read more >>

African manufacturers take advantage of international interest
As international focus shifts to Africa as a growing global player, the continent's manufacturers are ready to take advantage of the growing interest at Source Africa, the Textile, Apparel and Footwear trade event taking place in Cape Town from 18-20 June 2014. Read more >>

Manufacturing
Barloworld earnings climb 10% to 336c

Alistair Anderson

Diversified industrial group‚ Barloworld grew its revenue 5% to R29.9bn in the six months to March‚ boosting headline earnings per share by 10% to 336c. Read more >>




Grand Parade ups its stake in Mac Brothers
Grand Parade, the company responsible for bringing Burger King to SA‚ said it bought a further 32.9% stake in Mac Brothers for R42.790m‚ to achieve cost efficiencies and gain greater access to the African markets. Read more >>

Famous Brands revenue up 12%, expands further in Africa

Zeenat Moorad

Famous Brands, which owns Steers‚ Wimpy and Debonairs, plans to open 243 new restaurants in the coming year after reporting record turnover and profit for the year. It is also planning to enter Angola and Ghana. Read more >>

Pioneer Foods adjusted earnings up 58% to 353c
Pioneer Food Group has reported a 41% rise in adjusted headline earnings per share to 325c from its continuing operations for the six months to March. Read more >>

Manufacturing
Manufacturing growth through innovation, integration
KPMG has released its 2014 Global Manufacturing Outlook (GMO), which indicates that manufacturers should look to improve profitable growth through innovation, collaboration and supply chain integration, in an 'era of disruptive complexity'. Read more >>

Manufacturing
Big bet on buses and trucks

David Furlonger

A new vehicle assembly plant, building buses for the Putco commuter transport company, is due to start production in July. The operation, a joint venture between Putco shareholder Larimar and Italian-owned truck and bus company Iveco SA, will create up to 1,000 jobs. Read more >>

Power system 'severely constrained'
Eskom on Thursday warned of a "severely constrained" power system due to the unavailability of some of its generating units. Read more >>

Motor trade sales up 2.9% in March
Motor trade sales (measured in nominal terms and at current prices) increased by 2.9% year-on-year in March‚ from 3.5% in February Statistics SA reported. Read more >>

Mamba to lift South Africa's cement capacity

Nick Hedley

The South African cement market will again receive a capacity boost with the entrance of Mamba Cement‚ which is being partly funded by Chinese capital. Read more >>

Astrapak diluted loss per share of 32.9c
Plastic packaging group Astrapak reported a diluted loss per share of 32.9c for the year ended February from headline earnings per share of 10c in the previous year. Read more >>

Grindrod, a boost for Africa
Shipping and logistics group Grindrod has been a big spender on infrastructure for some time. Growing its network of port and rail operations allows the group to diversify away from international shipping, a notoriously cyclical business. Read more >>


International

Hyundai recalls 140,000 SUVs over airbag issue
WASHINGTON, USA - South Korean car manufacturer Hyundai is recalling 140,000 vehicles in the United States and Puerto Rico because of an air bag problem, according to documents filed with US safety regulators. Read more >>

Password always on hand
The fingerprint authentication technology that has been added to Samsung Galaxy S5 and Apple iPhone 5S smartphones could boost online shopping and e-commerce in SA, says Fontera Digital Works Chief Executive Simon Leps. Read more >>

No clear winner in Samsung-Apple court battle in Japan
TOKYO, JAPAN: A Japanese court ruled that Samsung could seek minimal damages from Apple for patent infringement, with both sides claiming victory in the legal skirmish over the design of their smartphones. Read more >>

Russian rocket falls back to Earth with super satellite
MOSCOW, RUSSIA: A Russian rocket carrying its most advanced communication satellite to date fell back to Earth minutes after lift-off in the latest blow to the country's once-proud space industry. Read more >>

General Motors recalls 2,9m more cars worldwide
NEW YORK, USA: - General Motors announced the recall of another 2,9m vehicles worldwide but 2,71m of them are in the United States and about 200,000 in other parts of the world. Read more >>

Volkswagen buys Scania as Swedish shareholder sells stake
STOCKHOLM, SWEDEN: Volkswagen, Europe's biggest car manufacturer, was set to take full control of Swedish truck manufacturer Scania after a small but crucial shareholder agreed to sell its shares. Read more >>

Google selling Glass internet eyewear in US
SAN FRANCISCO, USA: Google's internet-linked eyewear - hotly anticipated by some, feared by others - is now available to anyone in the United States with $1,500 to spare and a yen to become an "explorer." Read more >>


More International


Government

Joemat-Pettersson distances herself from FoodCorp deal
Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson has distanced herself from her department's actions that have allowed two politically connected companies to benefit to the tune of R50m in fishing licences. Read more >>


More Government news


People on the move

  • Corobrik appoints director of sales - more info

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All industry news


Marketing & Media
    Why trends matter - Louise Marsland
    World Design Capital project celebrates a year of business
    Up-and-coming corporate event trends - Terry Sutherland

    Medical
      World No Tobacco Day reminds SA to quit
      Flu poses greater risk for diabetics

      Retail
        Improving online retail experience with management systems

        Government
          RABS Bill published for comment
          Security cluster ministers challenge Nkandla report in court

          Mining
            Variety of mining equipment to be auctioned by Clear Asset
            Mine-owners, workers must work together: premier

            CSI
              ICHAF aims to improve education in rural areas
              Plastics SA cleans up after Two Oceans Marathon

              Finance
                TaxTim stores tax documents in the cloud
                South Africans are underinsured for disability
                Vodacom earnings up just 2.8% to R8.96

                Agriculture
                  Dept clarifies regulation of trout species
                  Maize futures slip on estimates of excess supply - Andries Mahlangu
                  Land claims: finding a third way in Bosparadys - Sulaiman Philip

                  Building
                    Durban to host world architectural congress

                    GreenBiz
                      N Cape solar power plant to boost energy supply
                      First tranche of ivory incinerated in Hong Kong

                      HR & Recruitment
                        Basic leadership skills the key to business success
                        [BizCareers] Tell us about yourself - Juliette Attwell
                        Training will result in return on investment

                        Legal
                          Voting method can impact on weight of owner's vote - Chantelle Gladwin and Gabriel da Matta
                          Tax Court determines merit of tax assessments - Nicole Paulsen
                          Minister appoints new Competition Commission head

                          Property
                            Estate agents' fees are reasonable
                            Opportunities offered by interest rate increase
                            Low-cost estate agents revolutionising property market

                            Education
                              Vega announces mid-year intake programmes
                              Wits School of Governance launches a new name
                              Google Partner Academy offers digital skills training

                              Tourism
                                New destination marketing strategy for Nelson Mandela Bay Tourism
                                Visitors urged to explore, experience and enjoy Joburg in 72 hours
                                Figures show growth in foreign visitors to Joburg

                                ICT
                                  Using Wi-Fi for sustainable development
                                  IBM launches Mainframe Innovation Hub

                                  Logistics
                                    Easing movement of goods and services within Africa is critical
                                    Imperial Logistics drives productivity for Mercedes

                                    Lifestyle & Entertainment
                                      Mission to Mars - Daniel Dercksen
                                      One Direction announce three SA gigs
                                      The big pan theory - Nina Timm
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