Proposal for Turkish company to anchor ‘floating power stations’ off SA harbours raises alarm bells

    Under cover of the Covid-19 crisis, government and private officials appear to be using legal loopholes to speed up a proposal by a Turkish company and local empowerment partners to sail a small armada of “floating power stations” into South African harbours. While the red flag has been raised by environmentalists and law experts, the Turkish company involved insists that all protocols were being followed and that there was nothing irregular in applying for an environmental exemption during Covid-19. Five Turkish-made power stations could be sailing into the…

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Covid-19 and the climate present varying risks for Southern and East Africa agriculture

  Climate and pandemic risks could weigh on agricultural output and farm profitability in the 2020/21 season, and in turn, the livelihoods of those who are directly and indirectly dependent on the sector. The reports of a potential La Niña event during the coming summer months presents mixed fortunes for Southern and East Africa’s agriculture. For parts of East Africa, the La Niña weather event typically correlates with below-average rainfall in the months between December and February, while Southern Africa experiences wetter conditions over the same period. What makes this concerning for East Africa…

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ASCA AIMS TO PUT AFRICA “AT THE TABLE OF PROSPERITY”

In his keynote presentation at the inaugural Africa Supply Chain in Action (ASCA) virtual conference and exhibition, renowned Kenyan pan-Africanist, Professor of Law and anti-corruption crusader, Patrick Loch Otieno (PLO) Lumumba said: “When we put our hands together and work together, Africa will sit at the table of prosperity.” He was addressing close to 1 000 African supply chain and procurement professionals who came together for ASCA 2020, the largest ever Africa-focused online learning, knowledge sharing and networking event for the profession. In his keynote presentation, Lumumba urged the African…

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Cost of lockdown: Imperial Logistics to retrench 1,000 workers

Imperial Logistics lost about R4 billion in revenue because of the impact of Covid-19. Imperial Logistics is planning to retrench about 1,000 of its employees in South Africa. This forms part of a restructuring and cost-cutting exercise prompted by the serious financial hit the JSE-listed African and European logistics provider took from the Covid-19 lockdown. The group has about 2,000 employees in South Africa, Africa and its international operations. However, Imperial Logistics CEO Mohammed Akoojee said on Tuesday the group is also positioning itself to take advantage of the opportunities…

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Supply chain disruptions take toll on Sea Harvest

Sea Harvest reported a 4 percent slump in profits for the six months to the end of June as Covid-19 supply chain constraints hit its operations. The group said its profit after tax for the period decreased to R155 million, while headline earnings remained constant at R170m, from R169m during the comparative period last year. It said earnings per share and headline earnings per share remained constant at 61 cents a share from 61.1c a share. Group revenue for the period increased 7 percent to R2 billion. No interim dividend was declared. As a result…

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Restaurant closures hit RCL’s chicken business

  When it comes to fast-food, South Africans have a strong preference for a chicken in a bucket. So, it comes as no surprise that the Covid-19-induced lockdown hurt everyone involved in supplying legs, breast and thighs to the local drive-through. RCL Foods – owner of Rainbow Chicken, Ouma Rusks and Selati Sugar – for example, was hit hard by fast-food operations being forced to close shop. This contributed to a 65.4% decline in headline earnings to R114.2 million for the year to end-June. Read: RCL Foods reports 65% profit drop…

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Eastern Cape premier looking to halt closure of Bridgestone factory

  Eastern Cape premier Oscar Mabuyane has said he will do all in his power to ensure the Bridgestone factory does not close. He said the Eastern Cape provincial government was not willing to see the factory close down and was exploring various ways to keep it operating so that jobs could be saved. The announcement of the looming closure was made by Bridgestone Southern Africa (BSAF) CEO Jacques Fourie last week. Fourie said 252 employees at the plant had been issued with Section 189 notices. Demand for the tyres…

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SanDock Austral is South Africa’s largest Black-owned defence company

SanDock Austral has been established as South Africa’s largest black owned defence company, covering air land and sea capabilities and technologies. According to Dr Mthobisi Clyde Zondi, Executive Chairman of SanDock Austral, the current shareholders in 2018 registered SanDock Austral in line with its historical predecessor. In the 1970s and 1980s SanDock Austral was a defence conglomerate renowned for shipbuilding and armoured vehicle manufacturing and saw the construction of the SAS Drakensburg for the South African Navy, and the Ratel infantry combat vehicle fleet and G6 artillery system for the…

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Now this is a bakkie! Bloemfontein-built Brandt BRV could be SA’s best-kept secret

• Brandt BRV has been in business for the last 18 years. • The design of their single cab bakkie takes inspiration from the first-generation Defender. • A 2.8-litre Cummins diesel engine powers this vehicle.     Now this is a bakkie! Bloemfontein-built Brandt BRV could be SA’s best-kept secret dier’. No, the company has no relation to Honda, nor has the name anything to do with Bloemfontein. Instead, it stands for Brandt Radical Vehicles, a family-owned business from our own South African Middle Earth in the Free State Province. Brandt BRV (Ryan…

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SA’s new R4.5bn space hub will build up to 6 new satellites – here’s what you need to know

    The South African National Space Agency (Sansa) has been awarded R4.4 billion in investor funding to develop a space infrastructure hub. Through the hub, Sansa plans to contract industry to build up to six satellites to supply the country with space data. The agency has also sourced about R300 million in extra cash to upgrade its space weather centre and build a concurrent design facility to speed up satellite design, among other upgrades. For more articles, go to www.BusinessInsider.co.za. The South African National Space Agency (Sansa) will allocate more than R3…

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