SA to explore trade and investment opportunities in Ghana

CAPE TOWN – The South African business people who are expected to travel to Ghana on Tuesday said they were confident that they will be able to explore the trade and investment opportunities in the West African country successfully. The business people are part of the Outward Trade and Investment Mission to Ghana funded by the Trade and Industry department through its export marketing and investment assistance scheme. The mission will comprise of a trade and investment seminar, business-to-business meetings and site visits. Trade and Industry Minister Rob Davies said…

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Connectedness is important for the survival of SMMEs

DURBAN – Connectedness is vital for the survival of small, medium and micro enterprises (SMMEs) said Alex Granger, global speaker and co-founder of human capital consultants Twice Blue. Granger was speaking to provincial government leaders and delegates at the 4th Industrial Revolution business breakfast dialogue hosted by Ithala, in Durban recently. “Wi-Fi should be a human right. There should not be this password protected. It should be free. We must be able to get into a bus and Wi-Fi must work, walk in the streets of Durban Wi-Fi must work. That…

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80% of Project Management tasks could be eliminated by 2030 due to AI

CAPE TOWN – Data and analytics firm Gartner released data which suggested that by 2030, 80 percent of the work of today’s project management (PM) discipline will be eliminated as artificial intelligence (AI) takes on traditional PM functions such as data collection, tracking and reporting. Daniel Stang, research vice president at Gartner said in a statement: ” AI is going to revolutionize how program and portfolio management (PPM) leaders leverage technology to support their business goals.” “Right now, the tools available to them do not meet the requirements of digital business.” Gartner predicts AI-enabled Project…

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‘Reframing’ construction in Southern Africa: light steel frame building offers quality, energy-efficient and affordable construction which is growing in popularity

The growth trajectory and incremental increase in the popularity of light steel frame building (LSFB) in South Africa has been nothing short of remarkable. In 2004, when the CEO of the Southern African Institute of Steel Construction (SAISC) visited Australia to evaluate light steel frame building, this construction technique was little-known in South Africa. Today, this relatively new building method is now both widely accepted and frequently used locally. “The growth in the popularity of LSF construction locally is due to its inherent innovation, and to the fact that it…

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Veolia Connects Water Treatment to a New Digital Era

The Internet of Things takes a big leap in the water treatment industry in 2019 with the launch of Veolia Water Technologies’ new AQUAVISTA™ digital platform in Africa. This award-winning digital suite of standard and customisable water process management applications provides a rich, flexible intelligence layer that analyses, measures and benchmarks plant, process and equipment data for a whole range of functions. These include advanced analytics and diagnostics; condition monitoring; integrated asset management and benchmarking; optimisation of preventative maintenance; ensuring regulatory compliance; interactive troubleshooting; and more. This information is supplied…

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Kwikspace places first operational buildings for Mpumalanga mine

Kwikspace was contracted to manufacture, supply and erect 10 mobile units to for use at a new mine in Mpumalanga. Consisting of four single-wide and six double-wide prefabricated modular units, they were the first operational buildings to be placed on site. All units, which provide structures for four different applications on the mine, were completed and handed over during 2018, within a specified three-month timeline. One double-wide unit (7 x 7 m) is used as the induction office located near the entrance and five of them make up the site…

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Profits, projects and pressure in the construction industry

By Kenny Ingram, Global Industry Director, Engineering, Construction & Infrastructure This year will see a digital leap forward as many construction companies explore implementing integrated business software into projects for the very first time. Tighter margins, global skills shortages and new industry entrants are all ramping up the pressure on traditional construction businesses to deliver greater productivity and more integrated, cost-efficient projects, on time, every time. 50% of all construction projects worldwide will include modular content by 2022, driven by the growing global skills shortage In March 2018, a new factory opened outside Liverpool, England employing 150 people…

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Bell Equipment struggles to gain traction with new Zim currency

CAPE TOWN – Bell Equipment scraped through a 2 percent increase in taxed profit to R276.4 million in the year to end-December 2018 after a currency devaluation in Zimbabwe cut into a good operational performance throughout the group.Revenue increased by 10 percent to R7.5 billion, while operating profit was up by the same percentage to R1.5bn. The share price reacted positively to the results yesterday morning, rising 2.85 percent to R11.20 a share by 11.40am. By the close the share price was at R11.00. “It would have been a record…

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Minister Rob Davies praises Hisense for R72m investment

OHANNESBURG – Minister of Trade and Industry Rob Davies yesterday hailed Hisense’s investment of R72 million into its refrigeration and television production lines at its factory based in Atlantis, Cape Town, as an “important achievement” and “another example of the fruits of South Africa’s successful partnership with the People’s Republic of China”. The Hisense investment signified that South Africa remained an attractive investment destination across all sectors, including advanced manufacturing. Davies was speaking at the official launch of the expansion as it geared for the growth of the fast moving…

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SA agribusiness confidence advances from 2009 low, but producers still downbeat

Confidence in South Africa’s agricultural industry improved from the worst reading since 2009 in the first quarter but lingered at levels that indicate producers are still downbeat about business conditions. The Agbiz/IDC Agribusiness Confidence Index rose to 46 in the first three months of the year compared with 42 in the prior quarter, the Pretoria-based Agricultural Business Chamber said in an emailed statement Monday. Key Insights The reading is below the 50 neutral mark. The gauge reflects the perceptions of at least 25 agribusiness decision-makers on subjects including economic growth…

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