11 Jun 2013

Automotive

Fraudsters named and shamed, but...

It's all very well for Justice and Constitutional Development Minister Jeff Radebe to tell us that the naming and shaming of a list of convicts shows government's commitment in fighting fraud and corruption. However, there are many of us out there who would like to see a few people higher up, so to speak, not only go to court and answer charges, but also be named and shamed if found guilty.

We have a massive unemployment problem in this country, right? But the ANC is hell-bent on banning labour brokers. Now Busa has warned that if the government goes ahead and bans brokers, unemployment will rise. It's a faint hope, however, that those bent on banning brokers, will listen.

Is your company culture putting you at greater risk of fraud? asks Kevin Phillips. Read this article, take note, and then see where your company might be lacking in prevention measures; it could be the most useful read you have had in some time.

He's big, wild and lovable himself, so he should know... Henrie Geyser, our motoring editor, says that the new Chrysler SRT8 is a big, wild, lovable animal.

And finally...

Hey Bro...Do you want to go like a pro... you know... win an awesome GoPro camera and accessories worth over R6,000. It's so simple... just create or update your MyBiz Profile on Bizcommunity and stand a chance to WIN.

Rod Baker, Content Director

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

Weekly top stories

SA may make parts for Japanese cars
[Linda Ensor] SA and Japan were collaborating on ways to develop the local manufacture of automotive components - a move aimed at increasing jobs, sustaining the industry and containing production costs, Trade and Industry Minister Rob Davies said last week on his return from Japan. Read more >>

Petrochemical
Sasol denies 'excessive' chemical prices
[Monde Maoto] Sasol Chemical Industries' (SCI) returns from its propylene and polypropylene sales were not the result of excessive pricing but a result of the fair economic valuation of its investments in its business‚ the company's expert witness Andrew Harman told the Competition Tribunal on Thursday (6 June). Read more >>


Automotive
Eskom to trial electric vehicles in South Africa
JOHANNESBURG: South African utility Eskom has commenced a research project to study the charging requirements and characteristics of electric vehicles in order to prepare for their entry in the South African market and for the effect they may have on the national grid. Read more >>

Engen, Raizcorp fund Durban Prosperator
Engen Petroleum has continued its strategy of business-aligned transformation this month with the funding of a Durban South incubation centre in partnership with South African incubator group Raizcorp. The partnership was launched at a ceremony attended by the Minister of Energy, Dipuo Peters. Read more >>


Manufacturing
SA may make parts for Japanese cars
[Linda Ensor] SA and Japan were collaborating on ways to develop the local manufacture of automotive components - a move aimed at increasing jobs, sustaining the industry and containing production costs, Trade and Industry Minister Rob Davies said last week on his return from Japan. Read more >>

Converter industry hits hard times
[Charlotte Mathews] SA's catalytic converter once responsible for 16% of global production, will hit a wall over the next two or three years when a new European Union regulation kicks in. Thousands of jobs may be at stake. Read more >>


Retail
Poor 'harvest' for tractor sales in May
[Helmo Preuss] Tractor sales were down by 5.2% year-on-year (y/y) in May to 550 units after rising by 5.1% y/y in April to 555 units‚ South African Agricultural Machinery Association (Saama) said on Thursday (6 June). Read more >>


International

Michelin slashes jobs, boosts production
PARIS, FRANCE: Tyre maker Michelin said on Monday (10 June) it would stop making truck tyres at one of its French factories by 2015, slashing 700 jobs, due to plummeting demand in Europe. Read more >>

Prius, Lexus models recalled worldwide
TOKYO, JAPAN: Toyota Motors will recall 242,000 Prius and Lexus hybrid cars globally because of a braking problem, the company said Wednesday (5 June), adding that it was not reported to have caused any accidents. Read more >>

France downgraded by IMF amid poor growth
PARIS, FRANCE: The International Monetary Fund (IMF) said on Tuesday (4 June) that France must keep up its momentum on the reforms launched by the government a year ago to remove obstacles preventing the country from jump-starting economic growth and creating badly-needed jobs. Read more >>


More International


Government

Government urged to drop carbon tax
[Linda Ensor] Opposition parties on Tuesday (4 June) urged government not to proceed with its proposed carbon tax‚ because of its negative impact on SA's growth rate and the minimal impact it would have on global emissions. Read more >>


More Government news


Lifestyle

SRT8 is a big, wild, lovable animal
[Henrie Geyser: motoring editor] It's big, brash and as long and wide as a barge on the Thames but the Chrysler 300C SRT8 has got character and personality second to none and an attitude that gives a reverse victory sign to just about everything else on the road. Read more >>


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