13 Nov 2012

Manufacturing

 



The end is nigh...

With five more weekly newsletters to go, and just a few more sleeps until you find yourself pushing and shoving in a crowded shopping mall searching for that one last gift, the news flow is yet to slow! All 26 of our industry newsletters are jam-packed with what's what with the who's who.

The annual Checkers/Shoprite Toy 4 Toy campaign launched this week, so if you have any new or used toys laying about that little Susie's outgrown, why not donate them to a less fortunate child. The campaign runs until early December.

After Randall Abrahams handed over the SAMA CEO baton to Nlanhla Sibisi, the 2013 MTN South African Music Awards is now open for entries. Look out for a few category changes here and there, and have your entries in by 30 November 2012. As my father recites whenever buying his tata ma chance ticket, you have to be in it, to win it...

Still on the topic of winning, well done to the KZN-based African Centre for Crop Improvement for scoring its first award! Conferred by A Green Revolution for Africa for "exceptional contributions to food security in Africa", the ACCI received its award from Nobel peace prize laureate Kofi Annan.

Lastly, in an endeavour to keep our coasts clean and our marine life protected, the Western, Northern and Eastern Cape coasts will soon have bins in which fishermen can discard broken or used line. The project, successfully implemented along the Overberg's Gansbaai shoreline, uses PVC pipe as bins for fishing line. According to John Kieser, sustainability manager of Plastics|SA, the project has received plenty of support from the public and fishermen have also welcomed the initiative. Well done to all involved!

Sindy Peters: Group Head, Content

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Top stories


Editorial news

Manufacturing


Electricity prices hurt consumers
[Raoul Gamsu] Electricity consumers will have to dig even deeper into their pockets for the clean energy that Eskom will be buying from independent power producers (IPPs). The tariffs IPPs will receive are nearly five times the 61c/kWh that Eskom is now charging its customers. Read more >>

From wool to riches at risk
Disease, predators and stock theft are the main factors threatening the recovery of South Africa's wool production, which has seen prices rise to pre-recession levels at the most recent auction. Read more >>

Baron Schreuder to run ChemSpec
Chemical Specialities has appointed Baron Schreuder as its new chief executive with effect from January next year. Read more >>

Cigarette smuggling costs SA R12bn a year
South Africans will smoke eight-billion smuggled cigarettes this year‚ an increase of 500-million from last year‚ costing the government R12bn in lost taxes‚ says Francois van der Merwe chief executive of the Tobacco Institute of Southern Africa (TISA). Read more >>

Manufacturing output down 1.1% in September
Manufacturing production in South Africa fell by 1.1% year-on-year (y/y) in September after a downwardly revised 2.8% (3.0%) year-on-year rise in August‚ data released by Statistics SA on Thursday showed. Read more >>

Voorspoed as production at mine ramps up
The Voorspoed mine owned by De Beers plans to ramp up production by 30% to 800,000 carats over the next two years, the mine's general manager, Mpumi Zikalala, said last week. Read more >>

Distell says it will not be diluted
At the annual general meeting last week Capevin shareholders were told that licensing agreements involving some of the best-known global spirits brands would preclude collapsing the shareholding structure. Read more >>

Tata Motors celebrates assembly of 1 000 trucks
Tata Motors (SA) celebrated 1 000 trucks assembled at the Rosslyn plant near Pretoria on 25 October 2012. Read more >>

Barloworld to acquire Russian Bucyrus business
Barloworld Limited (BAW) announced that its subsidiary‚ Vostochnaya Technica UK Ltd‚ and Caterpillar Global Mining LLC have signed an agreement for Barloworld to acquire the Bucyrus mining equipment sales and support business in Barloworld's service territories within the Siberian and Far East Regions of the Russian Federation. Read more >>

Hulamin aluminium cans for Nampak
Hulamin said on Tuesday (6 November 2012) it had entered into an agreement with Bevcan (a division of Nampak Limited) to supply aluminium sheet for the manufacture of aluminium bodied beverage cans. Read more >>

Machinery


Bell gets Canadian distributor
[Mark Allix] South African heavy equipment manufacturer Bell Equipment has appointed Wajax Equipment as its distributor of Bell articulated dump trucks (ADTs) in Canada. Read more >>

Manufacturing


Local vehicle exporters welcome tariff move
[Alexander Parker] Vehicle exporters have welcomed Transnet National Ports Authority's (TNPA's) recent tariff application. The application allows for tariff increases of inflation plus 3% for three years from 2014. Read more >>

'Managing' the rand won't help exporters
The managed currency band that the Manufacturing Circle called for in its submission to parliament this week might not be the panacea that will help South Africa become competitive. Read more >>

China using SA as springboard to Africa
Chinese state-owned enterprises (SOEs) are stepping up their drive into Africa and moving beyond resources by producing a growing number of goods and services. Read more >>

SA, Cuba discuss economic assistance package
Minister of Trade and Industry Rob Davies met with the Vice-President of the Cuban National Institute of Water Resources, Aymee Aguirre Hernanddez, in Cuba, to discuss implementation of the Economic Assistance Package that South Africa is providing to that country. Read more >>

Strikes hurt mining, factory output
Mining and manufacturing production both fell during September, reflecting the effects of widespread labour unrest and weaker global demand for domestic exports. Read more >>


International
Panasonic profits plunge, Zatec production stops
Japanese electronics giant Panasonic will halt production of LCD panels in the Czech town of Zatec in December, laying off up to 615 people as the company focuses on smaller products, the CTK Czech news agency said Wednesday, quoting a company spokesman. Read more >>

Olympus makes US$100m first-half profit
TOKYO, JAPAN: Olympus said on Monday (12 November) it had swung to a US$100 million first-half profit, reversing earlier losses, as the camera and medical equipment maker moves on after an embarrassing accounting scandal. Read more >>

Profits down for Coca Cola Hellenic
ATHENS, GREECE: Coca Cola Hellenic, one of Europe's main non-alcoholic drinks bottlers, reported on Thursday that net profit fell markedly in the first nine months of 2012. Read more >>

Durable goods orders increase in the US
WASHINGTON, US: A jump in aircraft orders drove new orders for durable manufactured goods sharply higher in September, but not enough to offset the previous month's plunge, the Commerce Department reported last week. Read more >>

More International...


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