Schneider Electric brings a new era of automation control with the Modicon M580

  Johannesburg South Africa, 16 April 2019; Schneider Electric’s new high-end Modicon M580 Ethernet programmable automation controller (ePAC) features redundant processors, native Ethernet, and cybersecurity embedded into its very core. It combines native Ethernet capabilities, high performance, high availability for processors and networks, improved industrial cybersecurity, greater flexibility in design and improved agility for operations. The Internet of things (IoT), is the extension of Internet connectivity into a plethora of devices and everyday objects we rely on to run our homes and businesses. Fitted with sensors and Internet connectivity, these…

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First Cut and Messer – a ‘heavy-duty’ quality combination for state-of-the-art steel fabrication

For more than 60 years, First Cut has been South Africa’s foremost distributor of capital equipment and related cutting consumables; and has an enviable portfolio of international principals which are world leaders in their particular fields. However, there was one area which First Cut sought to augment, and that was the cutting of thicker steel plate. To provide this solution, First Cut recently concluded a mutually beneficial agreement with the company Messer Cutting Systems in Europe, to take over the latter’s South African operation. Messer has had a presence in…

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Affiliate Centre to prepare SA for 4IR

Government is set to launch the Affiliate Centre which will ensure South African industries move at an enhanced speed towards the Fourth Industrial Revolution (4IR). The Department of Science and Technology says the Affiliate Centre is a partnership with the World Economic Forum’s Centre for the Fourth Industrial Revolution Network (C4IR Network). The centre, which will be launched on Tuesday, will be a public-private partnership which will be based at the Council for Scientific and Industrial Research (CSIR). In terms of this model, industry and government – through the CSIR…

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R500m skills development project for Eastern Cape

About 2 000 ex-mineworkers, the youth and Unemployment Insurance Fund (UIF) beneficiaries in the Eastern Cape are set to benefit from a new skills development training. At a value of R500 million, the programme is a joint venture between the Department of Labour’s entity – the UIF, Walter Sisulu University (WSU) and Ntinga O.R. Tambo Development Agency. The training, which will be conducted in two phases over a three-year period, will see the development of skills in the areas of hospitality, new venture creation to develop small business, nut farming,…

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SA designer Palesa Mokubung becomes first African to go global in H&M deal

JOHANNESBURG- Swedish multinational clothing retailer H&M on Tuesday announced its first African collaboration with South African designer Palesa Mokubung’s Mantsho label. Mantsho will be available in all South African stores, exclusive flagship stores in the United States, the United Kingdom, France, Spain, Portugal, The Netherlands, Belgium, Mexico, Chile and Israel, as well as all H&M online markets from 15 August. Mantsho is known for its vibrant fabrics, bold and edgy designs with distinct silhouettes and structures. H&M assortment manager for collaborations and special collections Pernilla Wohlfahrt said Makubonga was an…

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Tiffany training Africans to cut diamonds sourced from region

Tiffany & Co. has been expanding its workforce in sub-Saharan Africa – a region of almost one billion people where the jewelry giant doesn’t have a single store. More than a quarter of the New York-based company’s 1 500 global diamond cutters and polishers are now based in Africa, CEO Alessandro Bogliolo said in an interview in Cape Town. Tiffany has factories in Botswana and Mauritius with staff subject to “intensive training” over two years, he said, making it the only western luxury brand that doesn’t outsource production of its…

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E-commerce could create 3 million jobs in Africa in next 6 years

Online marketplaces establishing themselves across Africa, could create around 3 million new jobs by 2025. These digital platforms, which match buyers and providers of goods and services, could also raise incomes and boost inclusive economic growth with minimal disruption to existing businesses and workforce norms. These are among the findings of a new report, How Online Marketplaces Can Power Employment in Africa, released by Boston Consulting Group (BCG) Generating employment is an urgent priority across the continent. The African Development Bank estimates that one-third of the 420 million Africans aged…

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Orion confirms it’s raising A$8m for BEE restructure

Orion Minerals [JSE:ORN] on Monday confirmed that it was raising A$8m in capital as part of a broader Black Empowerment Equity restructuring process. This would ensure the company was compliant with the Mining Charter, and was “likely to be underpinned by a group of high-profile black South African investors as part of a broader restructuring of the Company’s Black Empowerment Equity at operating level”, Chairperson Denis Waddell said in a statement on Monday The capital would be raised at an issue price of A$0.04 per share – a 30% premium…

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Sacu/Mercosur agreement is paying off

JOHANNESBURG – The ratification of agreements between the Southern African Customs Union (Sacu) and the Southern Common Market (Mercosur) trade blocs has led to a steady increase in South African exports to Brazil, the country’s foreign economic representative to the South American state, Shanaaz Ebrahim has said. At the 12th Latin American Defence and Security Exhibition in Rio de Janeiro, where the Department of Trade and Industry is hosting a stand, Ebrahim said statistics showed that South Africa’s trade deficit with Brazil had shrunk to $700 million (R9.85 billion) in…

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Decline in civil engineering sector set to continue

CAPE TOWN – The struggling civil engineering sector is likely to continue to decline for at least 12 to 18 months as the country hopefully approaches the bottom of an economic cycle, according to an Industry Insight Construction Industry Forecast Report.“In terms of the official investment figures, we are expecting a contraction of 2percent for both 2019 and 2020, improving slightly to a contraction of 1.2percent in 2021 We still expect contractions, but we don’t think it will be nearly as bad as the last two years, with a small…

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