27 Nov 2012

Manufacturing

 



Let's support the little guy

Not only large corporates need to engage in CSI / CSR, says MD of PR Worx, Madelain Roscher, SMEs need to get involved as well. According to Roscher, companies will see benefits in terms of brand recognition, increased sales, return on investment (ROI), tax benefits, and, most importantly, fostering trust with employees and the general public - all that while contributing to a greater good... What are you waiting for?!

Remember the ladies in orange at the 2010 FIFA World Cup who were accused of ambushing marketing for Bavaria? Well, Trade and Industry Minister Rob Davies has warned that he'll be having none of that during AFCON 2013. Davies plans to designate the sporting event as a "protected event" to ensure stringent advertising laws are enforced.

Former MTN CEO Phuthuma Nhleko is a wanted man - wanted by Anglo American that is, to take the helm. While chairman John Parker sings his praises, a London-based mining analyst doesn't believe him to be the right man for the job, citing lack of operational mining experience.

It's not often that the big guy lends a helping hand to the little start-up, but here's a little heart-warmer for you; as part of its Enterprise Development Initiative, Cape Town's Protea Hotel Victoria Junction has signed a "twinning" agreement with a local guest house in Thornton. In order to help the guest house owner, Khanyisa Balfour, put her best foot forward and realise her life-long ambition, the Protea Hotel Victoria Junction management team will provide expertise and training to the guest house owner.

Let's all put our best foot forward into what's left of 2012!

Sindy Peters: Group Head, Content

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

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Manufacturing


SABMiller shares up as profits rise
[Zeenat Moorad] Shares in SABMiller rose by almost 8% to R403.60 on Thursday (22 November) after the group reported a 15% increase in net profit to US$1.6bn for the six months to September. Read more >>

ArcelorMittal SA gets new CFO
ArcelorMittal SA has appointed Matthias Wellhausen as chief financial officer‚ replacing Rudolph Torlage who will focus on projects of a strategic nature‚ the steel producer said on Tuesday (20 November). Read more >>

Barloworld operating profit up by 31%
Barloworld yesterday (20 November) delivered "a very pleasing result" for the year ended September, with operating profit up 31% and headline earnings per share increasing by 46%. Read more >>

Denel's rating revised from negative to stable
Fitch Ratings has retained Denel's rating and revised its outlook from negative to stable which displays confidence in the company's ability to restructure the business and ensure its viability. Read more >>

Manufacturing sector conditions will remain downbeat
The New Age reports that the third quarter 2012 Manufacturing Circle survey released this week says business conditions in the South African manufacturing sector are expected to remain fragile in the short to medium term. Read more >>

IDC supports the forestry and wood products industry
According to The Citizen, the Industrial Development Corporation (IDC) has a dedicated unit to help the forestry and wood products industry. Unit head, Lizeka Matshekga, explains that they look at the entire value chain. Read more >>

Plascon named Paint Company of the Year
Plascon South Africa beat eight other nominees to be named Paint Company of the Year at the third annual DIY Trade News Industry Awards 2012 recently held in Johannesburg. Read more >>

Machinery


Jacobs suspension won't hurt Austro
[Mark Allix] Austro Group‚ a provider of industrial power and woodworking equipment‚ says there will be no "material impact" on the business after it suspended Charles Jacobs‚ a director of Austro and the chief executive of Austro's wood subsidiary‚ pending a disciplinary enquiry. Read more >>

Manufacturing


Plans make VW turn blue
From blue factory to ocean blue - Volkswagen Group South Africa is forging ahead with plans to turn its "brown" factory site into a "green" one and to play an important role in saving the environment. Read more >>

Cipla Medpro's chief financial officer quits
[Tamar Kahn] South Africa's third biggest pharmaceutical company Cipla Medpro announced on Monday (26 November) that its chief financial officer Chris Aucamp had resigned with immediate effect‚ but would remain a director of one of its subsidiaries Medpro Pharmaceutical until at least the end of March. Read more >>

International business boosts Tiger's results
[Zeenat Moorad] South Africa's largest food company‚ Tiger Brands (TBS)‚ reported an 11% increase in revenue to R22.7bn for the year to September‚ amid a slowdown in consumer spending in the face of weaker business confidence and rising cost pressures Read more >>

ArcelorMittal SA sheds R19bn in market value
[Andries Mahlangu] Shares in ArcelorMittal SA slid an additional 5% to fresh multi-year lows on Tuesday (20 November)‚ wiping off R19bn of its market value since the start of this year. Read more >>

Winemakers use technology to cut power, water costs
[Hopewell Radebe] South Africa's wine producers are increasingly using modern wine-making technology in a bid to reduce power and water costs, says winemaker Johan Weidenman of Spruitdrift, in the Olifants River wine district. Read more >>

Aspen's APC software for Refining Technology Africa 2012
4-traders.com website reports that Aspen Technology, Inc. announced it will present the benefits of Advanced Process Control (APC) at Refining Technology Africa 2012 in Sandton, South Africa, 27 - 28 of November 2012. Read more >>

Mines


Industrial unrest in mines may affect Eskom's yearly results
According to Allafrica.com, Eskom has announced that its profits for the six-month period beginning on April 1 and ending 30 September 2012 dropped to R12.6 billion from R12.8 billion a year ago. Read more >>


International
Madagascar to start producing crude next year
Madagascar Oil on Friday (23 November) said it will start extracting oil next year in a pilot phase at its Tsimiroro field that could produce 150,000 barrels per day based on early estimates if commercially viable. Read more >>

Mahindra wants to buy Aston Martin
MUMBAI, INDIA: Indian car manufacturer Mahindra is competing with Italian buyout firm Investindustrial for a stake in British luxury sports car maker Aston Martin, media reports said on Monday (26 November). Read more >>

Garment factory blaze kills 104 in Bangladesh
DHAKA, BANGLADESH - More than 100 workers were killed when a fierce blaze tore through a busy garment factory in Bangladesh, forcing people to leap from high windows to escape the choking smoke and flames. Read more >>

More International...


Africa
Allegations that Nigeria lost billions in oil cash stirs anger
LAGOS, NIGERIA: A probe alleging Nigeria has lost out on tens of billions of dollars in recent years through questionable practices in Africa's biggest oil-and-gas industry has stirred controversy and calls for action. Read more >>

More Africa...


People on the move
  • Sue Shaw joins Prominent Paints - more info
  • New appointment at Prominent Paints - more info


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