Not all bad news for manufacturing sector

  Durban – KwaZulu-Natal manufacturers are facing a tough time due to low demand brought about by a sluggish economy but the government is intervening by meeting with captains of industry in a bid to stem job losses. KwaZulu-Natal Department of Economic Development, Tourism and Environmental affairs acting head of department, Siza Sibande told delegates at the KZN Manufacturing Indaba in Durban last week that it was important for the government to respond to the challenges facing businesses by reassessing its policies and the structure of the economy. He said…

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First Cut ‘cuts’ a vibrant new profile in Mpumalanga

First Cut is developing an exciting new profile in the Lowveld at Mbombela (formerly Nelspruit). Their presence builds on the foundation of an existing company, Bremsaw, which is a well-known local saw doctor business, explains Director of First Cut, Gary Willis. Dave and Anna Bremner owned the company for some 20 years. While the company had been a customer of First Cut for many years buying various sawing-related products, a change came about when Dave and Anna decided to sell their business. Willis has had a long and successful relationship…

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Manufacturing: Petroleum leads the slump in production and sales

    As a whole, manufacturing production saw a decrease in June 2019. According to the stats authority, the industry closed off the observed month with a 1.5% decrease in production. This is a -1.9% change compared to May. The only sector to maintain positive outputs was the food and beverage industry, which showed an increase of 3.7% in production and contributing a 1.0 percentage point towards the industry. These are the sectors that performed poorly: petroleum, chemical products, rubber and plastic products (-7,7% and contributing -1,7 percentage points); basic…

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Tanzanian PM urges local manufacturers to capture Southern African market

DAR ES SALAAM, Aug. 6 (Xinhua) — Tanzanian Prime Minister Kassim Majaliwa on Tuesday urged local manufacturers of various goods to capture the expansive market in the 16 member states of the Southern African Development Community (SADC). “Tanzanian local industries are manufacturing goods that can compete in the SADC market and elsewhere,” Majaliwa told a news conference shortly after he visited the 4th Annual SADC Industrialization and Exhibition Week in the business capital Dar es Salaam. The 4th SADC Industrialization Week and Exhibition, which was officially opened by President John…

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On cusp of pan-African trade deal, giant Nigeria clings to protection

LAGOS (Reuters) – Adeleke Adeleye stands in front of a bank of whirring printers spinning out dozens of envelopes a minute in Nigeria’s commercial capital of Lagos. His stationery company, FAE Ltd, is thriving and will move into a larger factory nearby by the end of next year. But he sees trouble on the horizon in the form of a new African free trade agreement aiming to unlock a market of 1.3 billion consumers – but which many in Nigeria, the continent’s largest economy, view as a threat. “It’s definitely…

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Furniture manufacturing industry crafts plans to stimulate sector

The South African furniture manufacturing industry, which has shed thousands of jobs in recent years, partly due to cheaper imports, is considering plans to stimulate the sector. The sector is calling on the government to enforce its procurement guidelines which are meant to prioritise local suppliers. The furniture manufacturing industry, which produces kitchen units, office desks and chairs among other products, contributes approximately 1% to SA’s gross domestic product and employs more than 26,000 people in about 2,000 factories. In the early 2000s the sector employed about 50,000 people in…

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Jury is out on SA economy as manufacturing, mining data expected this week

JOHANNESBURG – South Africans will this week have a clear picture of how the economy fared in the second quarter with the release of June’s manufacturing and mining production data. Statistics South Africa will this week release output data for the two embattled sectors which contributed negatively to first quarter’s shock 3.2 percent plunge in gross domestic product (GDP). Manufacturing declined 8.8 percent, mining and quarrying industry dropped by 10.8 percent. FNB chief economist Mamello Matikinca-Ngwenya said the mining sector has remained in the doldrums, contracting on an annual basis since November last…

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South Africa’s failure to create manufacturing jobs

To reduce unemployment South Africa needs to prioritise labour-intensive work instead of higher wages, write professors Jeremy Seekings and Nicoli Nattrass W. Arthur Lewis is the only person of African descent to have won the Nobel prize for economics. Lewis, who might be considered the founding father of development economics in the 1940s and 1950s, combined writing and teaching with providing economic advice to policy-makers, including Ghana’s first president, Kwame Nkrumah. Lewis thought extensively about the path along which farming societies in the Caribbean, Africa and elsewhere could develop. He…

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Deputy Minister Magwanishe commends Black-Owned Steel Fabrication Workshop

The Deputy Minister of Trade and Industry, Mr Bulelani Magwanishe says that the launch of the Linhleko Steel Fabrication Workshop is to be commended as it is a move forward in the transformation of the South Africa economy as advocated in the Black Industrialists Programme and National Development Plan. Magwanishe was speaking during the launch of the black-owned steel fabrication workshop in Rustenburg, North West today. Linhleko has signed a cooperation agreement with FLSmidth, a Danish Manufacturer of Original Equipment. This equal partnership gave rise to the conclusion of an…

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Minister Davies launches TWIMS in Durban

Minister Rob Davies addressed the launch of the Toyota Wessels Institute for Manufacturing Studies (TWIMS) in Durban, KwaZulu-Natal on Monday, 26 November 2018. TWIMS is dedicated to the development of manufacturing and manufacturing-related executives, managers and government officials in Africa. Through its partnership with Gordon Institute of Business Science (GIBS), the institute will offer an MBA specialising in manufacturing. Minister Davies said that the TWIMS will accelerate the building of a deep manufacturing culture that South Africa is in need of to drive our own domestic demands and produce value…

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