DTI to launch R81m black-owned industrialist textile firm in KZN

A statement issued by the Department of Trade and Industry (DTI) said that African Bespoke Apparel (ABA) operates within the textile, clothing and footwear sector and had created about 450 job opportunities within the first four months of operation. ABA was approved a funding grant of R35.5 million by DTI’s Black Industrial Scheme (BIS). The project is co-funded by the KwaZulu-Natal government’s growth fund.   “The BIS supported Africa Bespoke Apparel to acquire the new equipment which aimed at simplifying and improving the production process with increased flexibility and safety,…

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ARC to Launch New Range of Cultivated Indigenous Citrus and Deciduous Fruits in Germany

The Agricultural Research Council (ARC) will launch its new range of cultivated indigenous citrus and deciduous fruits at the 27th Fruit Logistica International Trade Fair that will take place in Berlin, Germany from 6-8 February 2019. The ARC will form part of the twenty-five businesses and research institutions that will be showcasing South Africa’s fruit and vegetable export capabilities at the South African Pavilion that will be hosted by the Department of Trade and Industry (the dti). The Chief Executive Officer (CEO) of the ARC, Dr Shadrack Moephuli says that…

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Gauteng Company Seeks to Establish New Clients in Germany

The Managing Director of Afrex Trading, Mr Etiene Taitz says he is hopeful of boosting his company’s profile and establishing new clients when showcasing his range of perishable products at the 27th Fruit Logistica International Trade Fair that will take place in Berlin, Germany from 6-8 February 2019. Afrex Trading, which packages and exports high-value perishable agricultural products, will be part of the twenty-five businesses and research institutions that will be showcasing South Africa’s fruit and vegetable export capabilities at the South African Pavilion that will be hosted by the…

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Oil, gas exploration expected to boost economy

Minister of Mineral Resources Gwede Mantashe says the Total Exploration and Production Southern Africa’s deep sea stavenger rig operations in the Western Cape should boost investor confidence and contribute positively to the oceans economy. “If we can discover oil and gas here, that will be a game changer for the country in terms of the economy. We hope that we will discover oil so that we can reduce our dependence on imported crude oil,” Mantashe said. On Saturday, the Minister led a delegation from the Department of Mineral Resources on…

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Ma’aden eyes fertilizer, copper investment

Executives, investors and government officials meet in Cape Town this week at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries. The gold sector will be a hot topic this year, after two giant deals reignited interest in bullion producers, prompting speculation over who might be next. Investors attending the event will be looking for indications of progress in industry disputes with the governments of countries including Tanzania, the Democratic Republic of Congo and Zambia. Tailings dams are also in the spotlight, after Vale…

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Changing the narrative around SA mining

The last few years have been extremely challenging for the South African mining industry. Investment into the sector has been weak and many projects have stalled. “Companies have been focusing on optimising their portfolios of assets, strengthening their balance sheets, and being very disciplined in spending capital,” says Greg Webber, co-head of mining and resources at Nedbank CIB. “There has been a large shift to cost cutting. Coupled with that, access to the local equity and bond markets has largely been closed for mining companies. It has been an ‘investment…

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Rand-Air oil-free compressors assist luxury motor vehicle manufacturer’s ‘drive’ to achieve a perfect finish

For any company it is gratifying when customers request repeated service. When that customer is of the calibre of a well-known luxury motor vehicle manufacturer, it is a very sound endorsement indeed! Leading local provider of portable air and power Rand-Air was recently requested to hire two diesel oil-free compressors to a local facilities management company, for use at the end-customer’s local motor vehicle manufacturing plant. The vehicle manufacturer’s plant has become the nerve centre of the company’s South African operations. Over the past four decades, it moved from operating as…

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