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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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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Coega favoured as investments flow in

Despite the deteriorating local and global economic investment environment, which has resulted in most of South Africa’s special economic zones (SEZs) struggling to attract investment, Coega in Port Elizabeth is riding the investment wave. The SEZ, which is operated by the Coega Development Corporation, has secured an additional 18 new investments valued at R2.6 billion, creating about 3 000 jobs during the 2018/19 financial year, against a target of R693 million. Investments in aquaculture, which include an abalone farm and a land-based fish farming facility, represent a third of the…

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School of specialisation on drive to the future

The future looks bright for maths and science pupils at the Katlehong Engineering School of Specialisation, on the East Rand, who will be trained as qualified car technicians by five big motor companies in SA. Yesterday, Gauteng education MEC Panyaza Lesufi officially launched the school with a focus on manufacturing, transport and logistics. The school is situated in the eastern economic development corridor where the major industries are transport, manufacturing and logistics. Lesufi said the school has partnered with MerSeta (Manufacturing, engineering and related services Seta) to provide pupils with…

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Boosting small enterprises in the petroleum logistics sector

DURBAN –  FFS Refiners, a supplier of hydrocarbon solutions, is trying to drive change in KwaZulu-Natal by boosting small enterprises in the petroleum logistics sector, which is dominated by global players.  FFS Refiners national sales manager, Mduduzi Khanyile says small businesses in this sector are struggling to gain access to finance through traditional financial institutions as the amount of capital required to secure assets, such as a truck and trailer, is more than  R4 million. To combat this problem, the company last week handed over two trucks worth R5m to Novala Kashazi…

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Gautrain expansion on the cards

The Gautrain Management Agency is planning to spend up to R2 billion to acquire second hand additional rolling stock from the United Kingdom to deal with the capacity constraints on the high-speed train network. Jack van der Merwe, chief executive of the Gautrain Management Agency, says a team has just returned from the UK where they identified three rolling stock companies they are now negotiating with. Speaking at the Southern African Transport Conference this week, Van der Merwe said the agency is looking at bringing in between 18 and 35…

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PE port strike hampers vehicle and citrus exports

  Transnet has obtained a court interdict to stop illegal strike action by employees at the Ngqura Container Terminal after it severely disrupted production at the Volkswagen South Africa (VWSA) manufacturing plant in Uitenhage and caused a crisis in the citrus industry in the Eastern Cape. The go-slow at the Port Elizabeth terminal resulted in VWSA losing three shifts and the production of 680 VW Polos and Polo Vivos. It also saw the Citrus Growers Association calling on trade and industry minister Ebrahim Patel to intervene on behalf of the…

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Bidvest enters deal to buy Eqstra Fleet Management and Logistics

  DURBAN – THE BIDVEST group has said that it had entered into an agreement to buy Eqstra Fleet Management and Logistics (Eqstra) from enX for a reported R3.1 billion. The group said the 100 percent purchase of Eqstra would include an equity value of R1.3bn. It said the acquisition remained subject to approval from enX shareholders, the Prudential Authority and the Competition Commission. Bidvest said it planned to have the transaction concluded before the end of the year. It said the purchase was in line with its stated strategic…

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OPINION: Direct international air access opens up KZN globally

DURBAN – Direct  international air access to KwaZulu-Natal is opening up the destination to the rest of the world, is a catalyst for greater investment and economic growth, and is in turn cementing the province’s position on the global tourism economy. A host of regional and big name international airlines now fly direct to Durban and the province’s Route Development Committee, which comprises Dube Trade Port, Tourism KZN, the Airports Company South Africa (Acsa), Trade & Investment KZN, Durban Tourism and other public and private sector partners have their sights set…

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A launchpad into Sub-Saharan Africa

JOHANNESBURG – Bombardier  Transportation SA managing director Aubrey Lekwane is positioning the company’s Johannesburg headquarters as a launchpad to expand into the Sub-Saharan Africa. The businessman was appointed to the position in 2012 to lead the business’s growth strategy, and improving its performance and competitiveness, among others.   In an interview with Business Report this week, Lekwane, who served as chief executive of the South African Mining Development Association in 2010, said the propulsion manufacturing plant located in Isando, would play a big role in their expansion plans into Africa.  …

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