Blockchain can transform logistics and supply chain management in SA

While blockchain in logistics is not fully matured, it holds huge potential and companies should seek to understand its functionality, value, and tangible rewards 22 AUGUST 2019 – 13:12 MICHAEL ADE Businesses the world over are still struggling to understand the opportunities and challenges presented by the next-generation technologies of the fourth industrial revolution (4IR), and SA is no exception. Although a lot has been written and spoken about the pioneering technological concepts underpinning the 4IR — artificial intelligence (AI), automation, robotics, the Internet of Things, 3D printing and blockchain —…

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Coal miner plans new climate change strategy

South Africa’s Exxaro Resources said it’s working on a new strategy for its business founded on coal mining amid investor and public concerns about the impact of climate change. The company said it’s planning “structural changes,” including clean-power initiatives, to make the business sustainable in the long term. In the meantime, Exxaro will extract “as much value as quickly as possible” from the assets it holds, especially thermal coal, Chief Executive Officer Mxolisi Mgojo said on Thursday. Read: Exxaro buoyed by equity investments as core profit falls South African businesses are…

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Micro marketing: Retail’s new fad

How loyalty programmes are being used to design discounts just for you. PnP check-out assistants establish whether a customer has a card to swipe by enquiring ‘Smart Shopper?’ … a reply of ‘No, not a smart shopper’ means the hapless customers is conveying a not-so-subliminal message to themselves in their own voice! Image: Moneyweb   Don’t be startled if you start receiving surprisingly well targeted ‘special promotions’ via text message from your favourite retail chain. Say, for instance, you are fond of a specific brand of coffee, but instead of…

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Automotive industry transformation to shift into higher gear

South Africa’s seven vehicle original equipment manufacturers (OEMs) will be establishing a R4 billion automotive industry transformation fund before the end of the year. Andrew Kirby, president of the National Association of Automobile Manufacturers of South Africa (Naamsa), says the seven OEMs are quite far advanced in their discussions with the trade and industry department on this ‘equity equivalent’ project and are currently finalising the business model of the fund with the department. BEE alternative Equity equivalent investments are available to multinational companies that are against selling any shareholding in…

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African Energy Chamber to discuss energy deals with Chinese investors in Beijing visit

JOHANNESBURG – The African Energy Chamber said on Thursday it was organising a working visit to Beijing next week to support growing energy cooperation and investment between China and Africa. In a statement, the chamber said the delegation led by executive chairman Nj Ayuk would meet executives from China’s state-owned energy companies and the private sector, along with key industry associations in the Asian country. “The investment appetite of Chinese companies for Africa is only getting stronger given current international trade and business dynamics,” chamber director of strategy Mickael Vogel…

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Key lessons from inspiring women in business

JOHANNESBURG  – Women attending the 20th annual Women in Business Conference at the UCT Graduate School of Business heard powerful stories from women who are disrupting industries and changing the world. “Don’t mimic men. If you want to lead, then focus on your own uniqueness. You will be memorable because you are different.”  Strong words from Ariella Kuper, who knows a lot about leading in a male-dominated space – she is considered to be South Africa’s leading female auctioneer and is the founder of Solution Strategists, an online auctioneering platform specialising…

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SA cement producers apply for safeguards against imports

JOHANNESBURG  – The Concrete Institute (TCI), representing cement producers, said on Wednesday it had applied to the International Trade Administration Commission of South Africa (ITAC) to investigate the surge in imports at low prices. Imported cement is undercutting the industry by at least 45 percent, TCI spokesman Bryan Perrie said. “When this is combined with unprecedented low levels of demand due to slowed economic growth, the industry is facing an existential crisis which threatens to undermine the industrial capacity of the country,” he said. Data shows that 350,441 tons of…

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The right packaging is a winning formula

Industrial designing and packaging are some of the most essential selling points of a product and one entrepreneur perfecting the art is Sibusiso Mkhwanazi with his Sintu Design: Rooted Innovation studio. Founded in 2017 by the Centurion, Pretoria-based creator and director, Sintu Design specialises in concept development, design thinking, product development and computer-aided design. Mkhwanazi’s journey started with a job at the SA Bureau of Standards, where he developed products for the engineering and manufacturing sectors for mass production and distribution. “So my first major product was designing a prototype…

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FAW’s medium truck is built with SA pride

Priced at R245,000, the 6.130 FL medium truck is a value-for-money offering The 6.130 is based on the 8.140 heavy truck range but reconfigured with a shortened chassis and 3.5-ton payload. The 6.130 is based on the 8.140 heavy truck range but reconfigured with a shortened chassis and 3.5-ton payload. Image: Supplied FAW Vehicle Manufacturers SA recently launched the FAW 6.130 FL medium truck, specifically configured for the local market and built right here on South African soil for southern and central African markets. The new FAW 6.130 medium truck…

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Booming blueberry industry eyes Asian markets

SA does not have access to key markets such as China and South Korea at a time when blueberry imports are growing phenomenally in Asia 21 AUGUST 2019 – 19:15 BEKEZELA PHAKATHI Blueberries being processed at a factory. Picture: REUTERS/Neil Hall SA’s booming blueberry industry is looking to gain access to the Asian markets, saying this will create an additional 12,000 jobs in the sector. The industry is labour intensive and employs three to four workers per hectare. SA does not have access to key markets such as China and South…

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