4 Sep 2012

Manufacturing

 



The SKA's the limit for SA

The Square Kilometre Array Radio Telescope (SKA) and its precursor, the MeerKAT, will create enormous opportunities and alter the image of South Africa and the continent. So says Science and Technology Minister Naledi Pandor.

On the taxing issue of finance, Finance Minister Pravin Gordhan is taking urgent steps against what he calls "significant tax avoidance schemes" in connection with the new dividends tax.

It's not surprising that companies are doing this - the dividends tax, which came into effect on 1 April this year at 15%, has pushed company tax in SA above an international norm of around 30%.

While the armed forces are not democracies and orders have to be obeyed, not debated, there's discipline... and then there's discipline - and when soldiers die or commit suicide, it's no wonder SANDF discipline is in spotlight. This comes after a woman soldier apparently committed suicide after her commanding officer allegedly humiliated her.

Finally, for you petrol heads out there, our own little cookie, Henrie Geyser reckons the new Chinese offering from Great Wall Motors, the C10 has promising fortune cookies. He likes the neat little hatch from the land of noodles and Mao's Little Red Book.

Rod Baker, content director

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Manufacturing


Competition from China 'cut USD900m off SA trade'
[Mariam Isa] Competition from Chinese products had led to the loss of thousands of jobs in South Africa's factories and deprived the country of about $900m in trade with the rest of Africa‚ according to new research from a British university‚ Business Day reported. Read more >>

Foodcorp invests R46m in new ECape factory
[Annaleigh Vallie] Foodcorp‚ SA's third largest food producer‚ will invest R46m in a new 8‚000m2 factory in the Eastern Cape‚ despite costs associated with retaining a presence in Molteno‚ CEO Justin Williamson said. Read more >>

Veyance Technologies launches new air hose
Veyance Technologies Africa recently presented its new highly flexible and lightweight F5 Air Hose to the South African construction and manufacturing markets. Read more >>

Potential malaria drug breakthrough
University of Cape Town scientists in collaboration with Swiss-based colleagues are onto a possible breakthrough in the fight against malaria, Science and Technology Minister Naledi Pandor announced on Tuesday (28 August 2012). Read more >>

Steinhoff HEPS seen 30-35% higher
Steinhoff International (SHF) advised on Monday that both the earnings per share from continuing operations and headline earnings per share from continuing operations for the year ended June 2012‚ will be between 30% and 35% higher than those reported in the comparable period ended June 2011. Read more >>

Manufacturing


Plastics SA to research its industry
[Alistair Anderson] The Manufacturing‚ Engineering and Related Services Education and Training Authority (merSETA)‚ in association with Plastics SA‚ has launched a pilot study aimed at developing a better understanding of the shape and size of the plastics industry in SA. Read more >>

Foodcorp invests R46m in new Eastern Cape factory
[Annaleigh Vallie] Foodcorp‚ SA's third largest food producer‚ will invest R46m in a new 8000m² factory in the Eastern Cape‚ despite costs associated with retaining a presence in Molteno‚ CEO Justin Williamson said on Wednesday. Read more >>

Afrox eyes African expansion
[Evan Pickworth] Gas and welding specialist Afrox (AFX)‚ which operates in South Africa and in 10 other African countries‚ may be disappointed with its mid-year performance due to challenging economic conditions at home‚ but it is getting quite excited about future prospects in Africa. Read more >>


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