3 Jul 2012

Manufacturing

 



One size won't fit all

Cosatu is now reported as wanting a national minimum wage rather than sectoral minimum wages - currently clothing workers have one set for their industry, domestic workers have one set for theirs, and so on. It seems the Cosatu call has "flummoxed" the experts, who reckon a national minimum wage would boost unemployment levels. Any chance Cosatu will listen to the experts?

There's news - good or bad, depending on your viewpoint - for taxpayers... the new Tax Administration Bill has "substantially supplemented" the department's powers to gather information on you, your company, etc. Critics however, say the sweeping powers are open to abuse.

So how many schoolchildren still do not have the books - that they should have had six months ago? The department of Basic Education - and it seems to be getting more and more basic as time passes - says that most textbooks have been delivered in Limpopo. By today, they should now have been all delivered, but that's no reason to celebrate - how have the affected schoolchildren been taught, and learned up to now? No wonder demand for private schooling is soaring.

Will it fly, won't it fly... Zuma's new jet, that is... However, there shouldn't even be such a question; the current presidential plane SA1, or whatever it's called, is in perfect condition and there are better things on which to spend R2bn - like schoolbooks, houses for the poor, hospital upgrades, new hospitals... That sort of thing. Just a thought...

Rod Baker, content director

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Manufacturing


All locally-sold Samsung PC monitors will be manufactured in SA
According to Business Day, Samsung Electronics South Africa is to manufacture all its computer monitors sold locally in one of its assembly plants in Gauteng. Manufacturing the monitors at its plant in Edenvale, the company said, would give it more control over pricing and quality while also contributing to job creation and skills development. Read more >>

ColorMatrix to open Cape Town factory
ColorMatrix, a subsidiary of PolyOne Corporation, an innovator of liquid colour and additives for plastics, is to open a new facility in the Montague Gardens industrial precinct in Cape Town. It is expected to open in August 2012, and will support customers throughout Africa. Read more >>

Omnia looking forward to a good year
Diversified and specialist chemicals group Omnia (OMN) expects the current financial year to present its mining and agricultural businesses with favourable conditions. The company also expects its struggling chemicals business to improve its performance. Read more >>

Brikor posts improved results - more to come
[Roy Downing] Brick manufacturer and distributor Brikor (BIK) says it improved its revenue for the year ended February by 7.1% to R134.8m. Read more >>

Renault, Algeria to sign new plant deal in August
ALGIERS: Algeria and French automaker Renault plan to sign an agreement in August that will clear the way for them to build a factory in the north African country, a minister said on Thursday (28 June 2012). Read more >>

Ford to close Philippine assembly plant
MANILA: US auto giant Ford said Wednesday (27 June 2012) it is to close its vehicle assembly plant in the Philippines by the end of the year, with the loss of 360 jobs, as part of an ongoing restructuring across Asia. Read more >>

Two more weeks for wind and solar power-plant developers
South Africa extended the June 30 deadline by which wind and solar power-plant developers have to conclude funding arrangements by two weeks. Read more >>

Administration


Durban to Joburg - one hour-plus
Durban to Rosebank in just over an hour's high-speed train travel time is something that could become a reality by 2030‚ discussions with China's CSR Corporation at the Rail Africa exhibition and conference on Wednesday revealed. Read more >>

Manufacturing


SA clothing manufacturers in minimum-wage court action
According to Business Report, apparel Manufacturers of SA (Amsa), a leading employer body of clothing Manufacturers, has approached the Labour Court in Durban to compel the clothing industry bargaining council to shut down 400 factories that are not complying with the minimum wage structure for clothing makers. The action is threatening 21 000 jobs. Read more >>

Manufacturing


SA June PMI drops 5.4 points to 48.2
Manufacturing activity plunged to its lowest level since August 2011 in June‚ with new sales orders and business activity hit the hardest‚ a key survey showed today, 2 July 2012. Read more >>

Manufacturing


Transnet: R4.1Bl foreign currency bond to help fund expansion
Speaking on the sidelines of an American Chamber of Commerce event, Logistics group Transnet's CEO Brian Molefe announced that the group plans to issue a foreign currency bond of at least $500m (R4.1Bl) this financial year to help fund its expansion programme. Transnet's current financial year ends in March 2013, the Mail and Guardian reports. Read more >>

Extra boost for local locomotive industry
US-based General Electric (GE) Transportation has announced that another locomotive, which forms part of a deal sealed with state-owned Transnet, was delivered with local content that exceeds the commitment from GE's initial Transnet order of 100 locomotives. Read more >>

Transnet to go to international debt market
State-owned freight and ports company Transnet will go to the international debt market before the end of March to raise capital for its R300bn capital expenditure programme‚ Transnet CEO Brian Molefe said today. Read more >>


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