16 Apr 2013

Manufacturing



Oh, the shame!

So you thought it was beef you were eating? Well, yes and perhaps no... It seems - and if you haven't been made painfully aware of this issue over the past weeks then you are not on this planet - that some tried-and-trusted supermarket chains have been stocking incorrectly labelled meat products.

Meanwhile our Mother City plans to have a baby - a R140bn baby complete with police stations, universities and - just to cheer you up... cemeteries. It will be about 25km from the city centre and - to cheer you up even more... that would put it sort of over the road from Koeberg.

Well you can't say some of our cops aren't enterprising... Some of those involved in the Oscar Pistorius case... 45 of them in fact - had their cellphones confiscated after they took pictures of Pistorius after his arrest - and that is a big no-no.

In passing however, 45 officials? How big exactly is the team investigating the case and what exactly are the roles of the others? Because if 45 officials are involved on the case, that sounds like a lot.

Finally, it's good news for two of our islands, which are now protected as offshore marine protected areas. Now the challenge is to ensure that they are actually properly protected, because you can bet your life, if not, there will be illegal fishing.

Rod Baker: Content Director

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Top stories

Manufacturing confidence up four points
Confidence in the manufacturing sector gained four index points to 42 in the first quarter of this year according to the Bureau for Economic Research's (BER's) latest manufacturing survey‚ released on Monday‚ (15 April). This was the third consecutive increase in confidence levels. Read more >>


Editorial news

Manufacturing
February manufacturing production disappoints
Manufacturing production surprised to the downside in February‚ falling 3.1% month on month and 2.9% year on year‚ after a 3.7% year-on-year increase in January‚ Statistics SA data showed on Thursday, 11 April 2013. Read more >>

Seven stages in becoming an industry expert
[Douglas Kruger] From Amoeba to Icon; where do you currently rank in your industry's natural progression? In this piece, I walk you through the seven stages of development as you strive to position yourself as an industry expert. [video] Read more >>

Mintek produces African jewellery
[Lucille Davie] With the demand for quality, hand-crafted jewellery increasing worldwide, Mintek's Kgabane Jewellery Programme is hoping to fill a niche gap, combining recycled glass with gold and silver to produce a unique African jewellery range. Read more >>

Clothing, textiles can contribute to job creation
The Clothing and Textiles Competitiveness Programme (CTCP) has breathed life into sectors where new decent jobs are being created, thereby stopping the decline in these sectors, says Department of Trade and Industry (dti) director general Lionel October. Read more >>

Dept welcomes confiscation order against York Timbers
PRETORIA: The Department of Environmental Affairs has welcomed the ground-breaking judgment by the Nelspruit Regional Court, which granted a confiscation order against York Timbers. Read more >>


Manufacturing
Intibane to produce coal from June
[Monde Maoto] Wescoal said on Monday (15 April) it would start mining at Intibane colliery in the Witbank coal field in June after it's water-use licence was granted by the Department of Environmental and Water Affairs. Wescoal is hoping to produce about 1,8m tons of coal from the mine a year. Read more >>

Sasol sells Tosas to Raubex
[Mark Allix] Listed road construction and rehabilitation group Raubex has bought Tosas‚ a manufacturer of bituminous products‚ from Sasol Oil for R120m in cash. Read more >>

Distell buys whisky distiller for R2,2bn
Distell Group has bought Burn Stewart Distillers from CL World Brands and Angostura for US$244m. Read more >>

Manufacturing confidence up four points
Confidence in the manufacturing sector gained four index points to 42 in the first quarter of this year according to the Bureau for Economic Research's (BER's) latest manufacturing survey‚ released on Monday‚ (15 April). This was the third consecutive increase in confidence levels. Read more >>

Unilever is Remgro's star performer
Consumer brands giant Unilever SA is undoubtedly the most attractive unlisted investment currently held by conglomerate Remgro. Read more >>

Supermarkets named, shamed over meat
Popular supermarkets including Pick n Pay, Shoprite, Fruit and Veg City, Woolworths and Spar have been identified as stocking incorrectly labelled meat products, City Press reported on Sunday. Read more >>

Spring Lights fined for price-fixing
[Amanda Visser] Sasol's black economic empowered gas company, Spring Lights, has agreed to pay R10m for its anti-competitive agreements with Sasol Gas that resulted in market division and price-fixing. Read more >>

Denel selling its newest Casspir range
The Casspir mine-protected vehicle, one of the iconic products from the South Africa's defence industry has been significantly improved according to Denel. Read more >>

Fumes make residents fume in Bothasig
People living near an oil refinery in Cape Town owned by the multinational petroleum giant Chevron are coughing up a storm about the black fumes and stench they say are being emitted by the plant. Read more >>

Astrapak earnings may fall by up to 72%
Astrapak says headline earnings per share are expected to plunge between 52% and 72% from last year‚ on the back of poor trading conditions and a fire at its East Rand factory. Read more >>


International
BlackBerry customers 'happy' with Z10
MONTREAL, CANADA: Smartphone maker BlackBerry last week slammed as "false and misleading" a brokerage research note that claimed consumers were returning the new Z10 handsets at a high rate. Read more >>

Almost 3m vehicles recalled for airbags
TOKYO, JAPAN: Almost 3m vehicles made by major Japanese manufacturers will be recalled worldwide because of possible problems with airbags, a government official said Thursday (11 April). Read more >>

LinkedIn's got its fingers on the Pulse
SAN FRANCISCO - LinkedIn said on Thursday (11 April) that it has bought news reading app-maker Pulse, boosting its content offering to users. Read more >>

PC sales slump worldwide
NEW YORK, USA: Worldwide sales of personal computers slid 13.9% in the first quarter of 2013, research firm IDC said on Wednesday (10 April), the worst contraction since it began tracking the market in 1994 Read more >>

Britain's manufacturing output up
LONDON, UK: British manufacturing output rebounded in February, data showed on Tuesday, dampening speculation that the economy slid back into recession in the first quarter, analysts said. Read more >>

More International...


Africa
Zimbabwe threatens to close Tongaat Hulett
[Tawanda Karombo] Zimbabwe government officials are gearing up to tackle SA agro-processing company Tongaat Hulett head on for its alleged reluctance to comply with the contentious indigenisation law. Read more >>

More Africa...


Government
Petrol price may drop 71c in May
[Helmo Preuss] The Department of Minerals and Energy may cut the retail petrol price by 71 cents a litre (c/l) on 1 May‚ provided the daily over-recovery remains near the 12 April level. The wholesale price of diesel (0.05% sulphur) could fall by a more subdued 49c/l. Read more >>

SARS wants to cut the R82.5bn its owed
[Linda Ensor] Taxpayers owe the South African Revenue Service (SARS) R82.5bn. If paid this would result in a significant reduction in government's forecast budget deficit of R168bn for 2013-14 and reduce the deficit to 5.2% of gross domestic product, a more prudent level. Read more >>

More Government news...


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