RTS Africa and IMR offer efficient combustion which doesn’t ‘burn’ your profits

    The RTS Africa Group, based in Tshwane, has been supplying effective and innovative solutions to a range of industrial issues since the early 90’s. These solutions include amongst others, spin filtration, laser-based gas detection and electrolysers for hydrogen production. “Industrial technology is constantly developing and with this development comes challenges,” says RTS Africa MD Ian Fraser. “To provide answers for these challenges, RTS Africa searches the globe for appropriate and effective solutions,” he adds RTS Africa has added a new suite of solutions to its Technologies division from…

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South Africa’s Sappi buys Canadian paper mill, third-quarter profit falls

JOHANNESBURG (Reuters) – South African paper and pulp maker Sappi (SAPJ.J) said on Thursday its Canadian division was buying Matane hardwood pulp mill in Canada to increase pulp integration and cut costs after reporting a 84% decline in profit for the third quarter. The paper company said it would acquire Mantane from Rayonier Advanced Materials for $175 million. The acquisition will be financed through internal resources and be concluded by the end of the year, the company said in a statement. “The acquisition will increase Sappi’s pulp integration for both…

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Steep rise in civil construction tender activity

  The construction industry has received a sign of possible better times ahead, with the nominal estimated value of civil construction projects out to tender increasing by 42% in the second quarter of this year compared to the previous quarter. David Metelerkamp, senior economist at construction market intelligence firm Industry Insight, said the nominal estimated value of civil construction projects out to tender was up by “an encouraging” 38.6% on a year-on-year basis in the second quarter. “Following some improvement in the estimated tender values during the last two quarters,…

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VW partners with Africa’s biggest all-female network, business Lionesses of Africa

    CAPE TOWN – As South Africa celebrates Women’s Month, automotive company the Volkswagen Group has announced its partnership with Africa’s biggest all-female business network Lionesses of Africa. In a statement on Friday, Volkswagen said this partnership with Lionesses of Africa organisation was aimed at developing more than 600 000 female entrepreneurs across 54 African countries. Lionesses of Africa is a social enterprise organisation that empowers female entrepreneurs by providing free access to development programmes, mentoring programmes, business tools, digital media channels, community platforms and networking events. The public…

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Emotional, psychological barriers hinder women entrepreneurs – Maphumulo

  OHANNESBURG  – Many South African women lack the confidence that men have, making it necessary to support females venturing into entrepreneurship not only on a technical level, but an emotional and psychological one as well, a business woman has said. Managing director of the Business Development Agency Pearl Maphumulo spoke at a recent Intuit QuickBooks event aimed at providing support for local small business owners. A Mastercard report revealed that in South Africa women in early-stage entrepreneurial activity dropped by 15.7 percent in 2018, meaning that only 18.8 percent…

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Exceptional progress’ for Jubilee’s delivery targets

CAPE TOWN – Jubilee Metals Group made “exceptional progress” across its portfolio of metal processing projects, delivering against targeted performance and bringing new operations online in the six months to June 30, chief executive Leon Coetzer said yesterday.Highlights included a 75percent increase in combined first half revenue to R263.9million from the second half of 2018. Combined operational earnings increased 47percent R103.7m from the previous period. The London and JSE-listed Jubilee’s share price was up 1.72 percent to 59cents on the local bourse yesterday. The company is moving from reporting on…

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