New boss for South African Mint

The South African Mint Company, a subsidiary of the SA Reserve Bank, has announced the appointment of Honey Mamabolo as its new managing director Director. The central bank said Mamabolo’s background as an engineer, together with her experience in finance and manufacturing, makes her an ideal fit for the role. She has 20 years’ experience across various industry sectors, including mining, retail banking, energy, development finance and manufacturing. Before joining the South African Mint, Ms Mamabolo was the Chief Executive Officer of Thebe Unico, a leading manufacturer and supplier of…

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Summer crops: SA farmers set for a good year

  South African summer crop farmers are expecting a bigger harvest this year. This is despite the 2019/20 production season starting on a negative footing with delayed rainfall across the country. Summer crops include white maize, yellow maize, sunflowers and soybeans. Preliminary planting data from the National Crop Estimate Committee (CEC) shows 2019/20 summer crop area at 3.97 million hectares. Read: South Africa’s maize planting area seen up 9% on good rains South Africa’s major summer crop plantings Source: Agbiz Wandile Sihlobo, chief economist at the Agriculture Business Chamber (Agbiz), says the recent increase…

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Worley to provide engineering services for Sasol South Africa projects

Australia-based Worley has signed a five-year deal with Group Technology, a division of Sasol South Africa (Pty) Ltd, to provide engineering, procurement and construction services for Sasol’s capital projects portfolio The partnership will focus on efficiency improvement and environmental initiatives, from front-end engineering design to project completion. (Image source: Worley) These include efficiency improvement and environmental initiatives, from front-end engineering design to project completion. Worley’s energy and chemicals services business in South Africa, jointly owned by Worley and Matasis Investments, provides global expertise to help energy, chemicals and power customers…

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Unfit for human consumption’: Canned pilchards products recalled by manufacturer

  The manufacturing company explained that there might be a ‘canning deficiency’ and there is a possibility that some customers might have bought an affected tin. West Point Processors announced on Saturday that customers who bought pilchards in tomato sauce 400g tins recently must be returned for a refund due to the canned product being “unfit for human consumption”. “Because consumer safety is our top priority, we wish to recall some pilchards in tomato sauce products,” the company said in a statement. The manufacturing company explained that there might be…

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Egypt develops comprehensive strategy for manufacturing cars

The government has developed a comprehensive strategy for the automobile and electric cars industry, said Egyptian Minister of Military Production Mohamed al-Assar on Sunday. He added that the plan is currently being formulated and will soon be announced by President Abdel Fattah al-Sisi. Prime Minister Mostafa Madbouly met with the relevant ministers on Saturday to discuss this strategy, Assar said. This strategy covers multiple dimensions, such as converting cars to work with gas or electricity and replacing cars over 20 years of age with a new electronic model, he said.…

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DEMAND DRIVEN WORLD AFRICA AT SAPICS 2020

Data from the Harvard Business Review reveals that businesses are disappearing faster than ever before, and that companies are dying younger because they are failing to adapt to the growing complexity of their environment. Today’s supply chains are more complex and volatile than ever before; despite this, however, many organisations are using material requirements planning (MRP) systems that still plan the same way that they did 50 years ago, according to Kea Mpane, president of SAPICS, The Professional Body for Supply Chain Management in Southern Africa. To enable African supply…

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STEEL INDUSTRY: THE PROTECTION OF AMSA IS IRRATIONAL – THEN WHY DO IT?

The Steel Industry is in de-industrialisation mode and the price of steel plays a significant role in this regard. Businesses in the steel downstream are downsizing and closing at an unprecedented rate due to them not being competitive, partly as a result of government’s policy of enforcing import duties to protect AMSA. A few days ago, a fire broke out at AMSA’s Vanderbijlpark plant. This is causing a backlog, increasing AMSA’s inability to supply. Strangely, instead of suspending the duties, AMSA even declined an application to allow companies to import…

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Allied Steelrode’s top technology – ‘steel support’ for the only independent automotive chassis manufacturer in SA

KLT Automotive is the only independent chassis manufacturer in Africa, supplying chassis frames and other high-tech components to well-known motor vehicle manufacturers. It is also one of a group of eight automotive component manufacturers which, according to a recent statement by the National Association of Automotive Component and Allied Manufacturers (NAACAM), has and is investing substantially in expanding their local footprint or gearing up their South African operations for new business both in the automotive and non-automotive sectors. When it comes to the supply of steel for its local manufacturing…

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S.African rand falls as Moody’s cuts growth forecast, stocks firm

(Reuters) – South Africa’s rand weakened on Monday, as ratings agency Moody’s cut its forecast for the country’s economic growth due to lacklustre private sector demand at home and power cuts. As of 1510 GMT, the rand ZAR=D3 was 0.4% weaker at 15.00 against the dollar. Moody’s cut its 2020 GDP growth forecast to 0.7% from a forecast of 1.5% set in September, due in part to the detrimental impact of widespread power outages on manufacturing and mining activity. Moody’s is the last of the major international agencies to keep an investment grade rating…

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Moody’s cuts South Africa’s 2020 GDP growth forecast to 0.7%

(Reuters) – Ratings agency Moody’s has cut its 2020 growth forecast for South Africa to 0.7%, saying the economy remained stuck in low gear due to lacklustre private sector demand at home. Moody’s, which in September had foreseen growth of 1.5%, also attributed the downgrade to the detrimental impact of widespread power outages on manufacturing and mining activity, it said in a research report released on Monday. State-owned utility Eskom produces more than 90% of South Africa’s electricity, but its ailing fleet of coal-fired plants have struggled to keep up with demand,…

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