6 Nov 2012

Manufacturing

 



We're last in class

So what are we going to do about it? We all know our state education system is a shambles, and now that has been confirmed after SA was rated as bottom of class in maths and science. It's yet another extremely dubious "honour" this country has earned. The question is: how will our shambolic "education" system be fixed?

And if you are in the NPO sector, it's time to be afraid, very afraid... According to
Inyathelo executive director Shelagh Gastrow, if proposed amendments affecting the BEE code go through as is, NPOs and charities could go under - and that means many thousands of children and adults currently being helped, will be affected.

Trying to benefit our exports by 'managing' the rand will not help exporters say a number of experts. In any event, one says, the market is far too large for us to influence it to any effective extent.

Higher Education and Training Minister Blade Nzimande says bankers need to be taught courses in sociology, apparently in order to develop a social consciousness about the effects of lending.

And to end, Bizcom's very own "brute in a suit", motoring editor Henrie Geyser, says the new Chevrolet Trailblazer is - just as he is...a brute in a suit.

Rod Baker, content director

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

Top stories


Editorial news

Manufacturing


'Managing' the rand will not help exporters
The managed currency band that the Manufacturing Circle called for in its submission to parliament this week might not be the silver bullet to make SA's trade more competitive. Read more >>

Apple's iPad Mini available in some markets
Apple introduced the iPad Mini on Tuesday, confident that a smaller version of its tablet computer will trump lower-priced offerings by rivals Amazon, Google and Samsung. Read more >>

Ford shuts Genk plant causing rage and tears in Belgium
Ford announced plans to close its Genk plant, threatening 4,300 jobs as slumping demand across Europe left it with too much capacity. Read more >>

Nissan to double production in Thailand
Japanese car manufacturer Nissan is aiming to double its production in Thailand with plans for a new ¥30bn factory near Bangkok, according to a report released on Wednesday. Read more >>

Shell's warning over its Nigerian oil exports
Anglo-Dutch oil group Shell said on Tuesday it may not meet contractual obligations on certain exports from Nigeria because of theft and damage to key pipelines in the country's oil region. Read more >>

New Typek identity reflects Sappi's commitment to sustainability
Graphic Repro On-line reports that Sappi Southern Africa has re-launched the Typek brand, a popular brand in offices, schools and homes, and readily available through most retailers and stationers. Typek's distinctive red and white packaging has now been updated and refreshed to more visibly reflect Sappi's commitment to sustainability. Read more >>

PMI's 3 consecutive months decline is bad news for manufacturing
According to Independent Online, the manufacturing sector continues to show signs of shrinkage. The Kagiso purchasing managers' index (PMI) published Thursday, 1 November 2012, fell a further 1.2 points to 47.1 last month -- the lowest level since July of 2011. Read more >>

Mondi confident on acquisitions
[Mark Allix] Mondi group's interim management statement to the end of October was in line with the company's expectations and reflected a stable trading environment‚ the group said on Wednesday, 31 October 2012. Read more >>

Alert Steel reduces net loss by 46%
Alert Steel (AET) has reduced its net loss for the year ended June by 46% to R73 million from R135.4 million a year ago. Read more >>

Voorspoed plans to ramp up production
The Voorspoed mine owned by De Beers was ramping up production by a third to 800,000 carats over the next two years, the mine's GM, Mpumi Zikalala, said on Friday. Read more >>

Automotive


Germany approves GM, Peugeot deal
German competition authorities have approved the proposed alliance between French carmaker PSA Peugeot Citroen and its US rival General Motors, which owns Germany's Opel. Read more >>

Industrial automation


ArcelorMittal forced to close part of its steel plant
[Mark Allix] The Gauteng Department of Agriculture and Rural Development has issued a compliance notice to ArcelorMittal South Africa instructing the company to cease operation of certain units at its Vanderbijlpark steel plant. Read more >>

Manufacturing


Denel urges state to disburse R700m
State-owned arms manufacturer Denel made an urgent plea yesterday for the government to disburse the R700m allocation it had committed to for use by its ailing subsidiary Denel Aerostructures. Read more >>

Windows, Android devices coming from Lenovo
Personal computer (PC) maker Lenovo will launch a range of tablet computers running Microsoft's Windows 8 and Google's Android operating systems in the next couple of months‚ the company said this week. Read more >>

Tenders benefit only a few: Jansen
Government tenders and political friends can only help a few people to be successful, University of the Free State Rector Jonathan Jansen said last week. Read more >>


International
Jags and Landies to be made alongside Cherys
China has approved a joint venture allowing Jaguar Land Rover (JLR) to make and sell luxury cars in China in partnership with domestic company Chery Automobile, official media said on Monday. Read more >>

Huawei blast US over "protectionism"
Chinese telecommunications giant Huawei on Wednesday accused the US of "protectionism" after Congress labelled it a spy threat, and offered to lay bare its source code and equipment in Australia to allay fears. Read more >>

Canon slashes its annual profit forecast
TOKYO, JAPAN: Japanese technology giant Canon slashed its annual profit forecast again, blaming the global slowdown and a strong yen, for its quarterly earnings drop of more than a third. Read more >>

China manufacturing activity slightly brighter
China's manufacturing activity contracted in October but at a slower pace than in previous months, HSBC said Wednesday, a sign the slowdown in the world's second-largest economy is bottoming out. Read more >>

Millions of illegal medications seized
PARIS, FRANCE: A crackdown in 16 African countries led to the seizure of more than 82-million doses of illegal or counterfeit drugs, including antibiotics, contraceptives and malaria treatments, the World Customs Organisation (WMO) said on Thursday. Read more >>

More International...


Company news

Manufacturing


Biz Charity Challenge: let's all help together - Bizcommunity
With the festive season fast approaching, Bizcommunity.com would like to challenge our readers, clients and partners to think of those less fortunate. Help us raise funds, bedding and toys for our two chosen charities and the company raising the most will be given two free press office releases for the festive season, in the industry of your choice, to promote whatever you like. Read more >>


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