Is South Africa in the 4th Industrial Revolution?

February 2021 IT in Manufacturing       It’s not a rhetorical question, but more one to put ideas into the minds of those capable of turning ideas into solutions – government, industry, thought leaders and entrepreneurs alike. The 4th Industrial Revolution (4IR), or evolution, has been set as the proverbial carrot dangling ahead of any business which seeks to grow, but lacks the drive to do so. Who would pass up an opportunity to be part of something new, especially something with the word ‘revolution’ in it? Personally, I think…

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Enter competition for manufacturing SMEs

  BY STAFF REPORTER ON FEBRUARY 3, 2021NEWS, POLITICS Manufacturing SMEs are encouraged to enter the Eskom Business Investment Competition (BIC) which closes at midnight on 12 February 2021. “Manufacturing is the fourth largest industry in South Africa and bolstering participation in this sector provides a ripple effect in boosting technology and engineering in the country. It  also goes a long way toward creating jobs,” the organisers said. “Investment in the manufacturing sector creates an environment that supports other economic hubs that will improve the country’s productivity by increasing the ability to trade with…

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Food prices in South Africa in 2021: Joburg vs Cape Town vs Durban

The Pietermaritzburg Economic Justice and Dignity research group (PMBEJD) has published its latest Household Affordability Index, detailing price changes for basic and essential food items across South Africa. The January 2021 index shows that a food basket consisting of 44 prioritised food items has increased marginally by 1.2% – or R49 – since December 2020. However, price increases have been sharper – around 5.1% or almost R200 more in the basket – since the index was restructured in September 2020. According to the PMBEJD, the average household food basket it…

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Ford invests $1 billion (R15.8) to modernize, expand South African manufacturing for all-new Ranger; adds 1,200 jobs

Ford Motor Company today announced an investment of US$1.05 billion (R15.8 billion) in its South African manufacturing operations – marking the biggest investment in Ford’s 97-year history in South Africa    February 2, 2021 FacebookTwitterLinkedInShare via EmailPrint Ford Motor Company today announced an investment of US$1.05 billion (R15.8 billion) in its South African manufacturing operations – marking the biggest investment in Ford’s 97-year history in South Africa. It also represents one of the largest-ever investments in the South African automotive industry, boosting Ford’s production capability and creating new jobs. “This investment…

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Heading for a new normal: Key global manufacturing centres cling to expansionary territory

Latest manufacturing gauges offer cause for cautious optimism because, while the US and China saw headline declines, confidence is reappearing and both remain in expansionary territory. South Africa’s PMI increased, but revealed a softer underbelly. From the US through China to South Africa, January manufacturing activity gauges – arguably the most timeous and eagerly watched manufacturing sector indicators – have all been encouraging despite undershooting expectations in various respects. US and China indices experienced “modest declines”, while South Africa saw a slight increase at a headline level, but underneath were…

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Agility and teamwork key to success says Rand-Air’s Salesperson of the Year

As winner of the prestigious Rand-Air Salesperson of the Year award, seasoned sales representative at the company’s Mpumalanga branch Chantal Bekker believes that one has to be willing to change the way one has ‘always’ approached and managed customer relationships and sales. The past year was punctuated by fluctuating lockdown restrictions due to the Covid-19 pandemic in South Africa and worldwide. The sales team of Rand-Air – leader in the field of portable air, power, flow and lighting solutions, and part of the global Atlas Copco Specialty Rental division –…

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Risky Business – Is Water Part of Your Business Risk Assessment?

It is not any secret that business and risk go hand in hand. Threats such as IT Security and data theft and critical infrastructure blackouts are unfortunately not new to the South African business owner and are set to be on the rise in 2021. However, there is one element that is so fundamental to the survival of our businesses that we often fail to even think of it.  It encompasses all three main risk factors – namely business interruption, climate change and changes to legislation – and without it,…

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7 Reasons Why ERP Implementations Fail, and 11 Steps to Ensure they Succeed

By Anton Oosthuizen   In the current economic climate, fear is a very real emotion felt by many business owners. Particularly when that fear is based on a bad experience in the past, or even just hearsay. This is true for enterprise resource planning (ERP) implementation projects. Every CIO, CFO, and business owner has read horror stories of stalled deployments and overrun budgets that grounded projects for years.   It is understandable that many consider staving off the benefits that ERP implementations bring for as long as possible, as it…

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UNITING AFRICAN PROCUREMENT PROFESSIONALS TO DEVELOP BUSINESS SOLUTIONS – BUY AFRICA, FOR AFRICA

“When we put our hands together and work together, Africa will sit at the table of prosperity.” This was the message from renowned Kenyan pan-Africanist, Professor of Law and anti-corruption crusader, Patrick Loch Otieno (PLO) Lumumba, at the inaugural 2020 Africa Supply Chain in Action (ASCA) virtual conference and exhibition. The event saw more than 900 professionals from 44 African countries, representing both private and public sector entities, come together online to share procurement and supply chain learnings to drive socio-economic growth in Africa.   Following the resounding success of…

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Illegal Wildlife Trade: What Banks Must Do

Author: Erik Stretz, Fico Principal Consultant   The FATF released their report on ‘Money Laundering and the Illegal Wildlife Trade’ a topic that has been sitting on the side-lines for a long time, overshadowed by more prominent criminal ventures, such as drug trafficking. Although the market pales compared to the vast sums moved in the drug space, it’s still the 4th most lucrative trade. Billions of dollars are made at the cost of our natural environment and the economical longevity of the affected countries and regions. If we look at…

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