TymeDigital, SA’s new bank with no physical branches

JOHANNESBURG – South Africa is set to have its first new bank since 1999. TymeDigital has been granted a licence by the SA Reserve Bank to operate. Last month, South Africa’s African Rainbow Capital said it would buy a 10% stake in the company, which is owned by the Commonwealth Bank of Australia. This is to challenge the dominance of the other big banks.   TymeDigital says it aims to launch a full-service digital bank. It says that it believes there is space in the market to serve emerging middle-class consumers…

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Get ready to meet Tesla’s “beast” of a semi-truck.

The electric vehicle maker is aiming to unveil the Tesla Semi and do a test ride on Oct. 26, according to CEO Elon Musk. “Worth seeing this beast in person,” he tweeted late Wednesday. “It’s unreal.” The launch date is a bit later than Musk had suggested earlier this year. In April, he said Tesla, which is known for missing self-imposed time frames, would reveal the battery-powered truck in September. And drivers eager to get behind the wheel of the semi-truck, which is designed to transport cargo, are still likely…

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Mpact sheds excess weight

Mpact Plastics Wadeville purchased manufacturing equipment to produce a new generation closure, known in the industry as a CSD8 closure, which is a substitute for the heavier CSD5 closure. The Sacmi equipment and tooling used to produce this closure places Mpact Plastics Wadeville at the forefront of producing closures in the South African market. With a 14% reduction in weight compared to the older generation closure, the focus was on staying true to the Mpact brand promise of creating smarter sustainable solutions with environmental and customer benefit at the forefront…

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Innovation Award winners announced

Winners of Automechanika Johannesburg 2017’s Innovation Awards competition were announced this morning (Wednesday, September 27) at a presentation ceremony at the trade fair’s opening at Nasrec. Six products out of nearly two dozen that were entered were honoured for their innovative qualities following evaluation by a jury of automotive experts – Gideon de Klerk, Chairman of Partinform; John Ellmore of the RMI; industrial journalist David Furlonger of the Financial Mail; Dr Norman Lamprecht of NAAMSA; Renai Moothilal of NAACAM and Jakkie Olivier, CEO of the RMI. The awards were convened…

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New Kuga Builds on Ford’s Global SUV Expertise and Heritage

18/09/2017   New Kuga Builds on Ford’s Global SUV Expertise and Heritage New Kuga introduces refreshed design inside and out for a distinctive look Improved specification and features across the range, building on the Kuga’s trend-setting sophistication, safety and comfort Available in Ambiente, Trend and Titanium specification levels, with 1.5 and 2.0-litre EcoBoost petrol engines or 2.0 TDCi diesel Choice of front-wheel drive or all-wheel drive, manual and automatic Introduction of SYNC®3 as standard on Trend and Titanium, optional embedded navigation PRETORIA, South Africa, 18 September 2017 – The new…

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Continental reveals two new tyre technology concepts for greater safety and comfort

    ContiSense: Uses tyre sensors to measure tread and temperature, alerts drivers to tyre damage – data transmission via electrically conductive rubber ContiAdapt: Adjusts tyre pressure and rim width to adapt contact patch to road conditions New technology concepts shown at IAA 2017 in Frankfurt, aligned with Continental’s Vision Zero PORT ELIZABETH, South Africa, 27 September 2017 – Continental revealed two new tyre technology concepts that will make for even greater road safety and comfort in the future. The two systems enable continuous monitoring of the tyre’s condition, as…

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TECHNIQUES FOR INTENSIVE FREE RANGE FORAGING

TECHNIQUES FOR INTENSIVE FREE RANGE FORAGING Free range foraging needs to be done with precision to ensure the paddock becomes ready for pasture again. To make this possible a strategy needs to be devised that ensures fibrous and unpalatable regrowth is avoided. Overgrazing is another concern as it leaves a paddock barren. THE BENEFITS OF FREE RANGE FORAGING Pasture-raised ruminants produce particularly nutritional dairy and just so their meat is of high nutritional value. Dairy cows graze for up to eight hours a day and beef cattle for up to…

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Now the Strategic Fuel Fund is looking for oil

Now the Strategic Fuel Fund is looking for oil  LINDA ENSOR Picture: ISTOCK Energy Minister Mmamoloko Kubayi has confirmed that the Strategic Fuel Fund (SFF) is engaged in oil exploration activities. She insisted that this is provided for in terms of the company’s memorandum of incorporation. SFF is in charge of the country’s strategic fuel stocks and was recently embroiled in a scandal involving the sale of 10-million barrels of this stock without Treasury approval. The minister’s confirmation that it is also involved in oil exploration — historically the domain…

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Why BSI Steel may close KwaZulu-Natal branch

The group may restructure to centralise distribution from Gauteng office amid sector ructions BSI Steel, an AltX-listed processor and distributor of steel products into sub-Saharan Africa, is reviewing the viability of servicing the market in KwaZulu-Natal through its Pietermaritzburg warehouse and offices. The group, which is feeling the ructions in SA’s broader steel industry, said there was a possibility of relocating the firm’s administration function to the BSI Kliprivier office in Gauteng. But it also said “this restructure is a decisive and progressive move to ensure that BSI remains a…

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CHINESE PARTNERSHIP Strikes delay China’s flagship BAIC SA plant construction

The government is feeling pressure from the Chinese state-owned R11bn Beijing Automotive Industry Holding Company (BAIC) vehicle plant being built in the Coega special economic zone near Port Elizabeth. Called BAIC SA and situated next to the R600m Chinese state-owned FAW truck and passenger car plant built from 2012 onwards, the latest, far more expensive industrial development project is behind schedule. Recently, it has been hit by labour unrest — including burning barricades — among the very people it aimed to help. The Industrial Development Corporation (IDC) owns a 35%…

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