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400 jobs on the line as Sappi mothballs paper machine

Paper and packaging group Sappi has issued over 400 of its staff members with Section 189 notices regarding its decision to mothball the PM4 paper machine at its KwaZulu-Natal-based Tugela mill, from January 1. Although expected to be substantially lower, Sappi pointed out on Friday that the eventual number of positions impacted by the suspension would be known at the conclusion of the 60-day consultation period.

Authors: Dubai Engineering Jobs Admin

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ABB reaffirms SA’s gateway status as orders rise to R4.3bn

The Southern African unit of global power and automation group ABB reported a 36% rise in orders to R4.3-billion in 2012 and reaffirmed on Thursday that South Africa remained its main gateway into the expanding sub-Saharan Africa market, notwithstanding the country's social and economic problems. New ABB South Africa CEO Leon Viljoen, who took over from Carlos Poñe on February 1, told Engineering News Online that he remained optimistic about prospects for both South Africa and the region.

Authors: Dubai Engineering Jobs Admin

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Africa policies should focus on diversification, competitiveness

Africa had to urgently develop industrial policies that would underpin the diversification of its production structures, raise its competitiveness levels and expand its export basket, Trade and Industry Minister Rob Davies said this week. “It is only through these targeted policy interventions and the commensurate public and private investments that Africa can begin to raise manufacturing output and increase its share of global trade and production,” Davies stated at the second Nigeria International Investment Forum, in Lagos.

Authors: Dubai Engineering Jobs Admin

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Afrox to invest in global footprint, add transfilling systems to ensure helium supply

JSE-listed African Oxygen (Afrox) planned to ensure continued helium gas supply through ongoing investments in it global footprint, the addition of transfilling systems to supply more customers locally, a focus on loss reduction and helium conservation, products manager Marietha Strydom has indicated. Contributing to Afrox’s persistently unwithered supply, she said, was parent company, the Linde Group’s, decision to switch Afrox’s helium supply from the US to the European/Middle Eastern supply chain, “The shorter shipping route means far lower losses and therefore higher product availability.”

Authors: Dubai Engineering Jobs Admin

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Ambixtra aims to sign deal with car makers on local innovation this year

Two European car makers are “actively testing” a South African-developed petrol engine ignition system, which promises to reduce emissions and improve fuel consumption significantly.   A Japanese manufacturer is also showing interest, says Ambixtra CEO Deon Smit.   “We believe we will do a deal this year.”   Ambixtra is a local patent development and commercialisation company, working with the North-West University (NWU) to place the ignition innovation in the market. All intellectual property ...

Authors: Dubai Engineering Jobs Admin

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ARB interim earnings up 17%

JSE-listed electrical wholesaler ARB said on Thursday that it had positioned itself well to withstand the impact of a tough market as it reported higher earnings for the six months to December. Headline earnings a share for the first half of the 2013 financial year increased to R18.43, a 17% jump from the R15.69 a share recorded in the corresponding period the year before, while earnings a share increased to R19.35 in the interim period, from R15.70 in the six months to December 2011.

Authors: Dubai Engineering Jobs Admin

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Aviva gets EIS for Botswana project

Coal developer Aviva Corporation has been granted an environmental-impact statement (EIS) for its Mmamantswe project, by the Botswana Department of Environmental Affairs. CEO Lindsay Reed said on Friday that the granting of the EIS was an important milestone for the project, which has a coal resource of some 1.3-billion tons, including a probable reserve of 895-million tons.

Authors: Dubai Engineering Jobs Admin

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Barclays seals $2.1bn Africa deal with Absa

South Africa's biggest retail bank Absa, majority-owned by Barclays, has reached an all-share deal to acquire the British bank's operations in Africa to allow it to expand on the continent and catch up with rivals. As part of a $2.1-billion deal first outlined in August Barclays will raise its stake in Absa, South Africa's third-largest bank by value, to 62.3% from 55.5%.

Authors: Dubai Engineering Jobs Admin

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Basil Read secures R279m road rehabilitation contract

JSE-listed construction and engineering group Basil Read was awarded a R279-million contract to rehabilitate section four of the N5 between Vaalpensspruit and Winburg, in the Free State, the company announced on Monday.

Authors: Dubai Engineering Jobs Admin

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Billionaire Motsepe commits half of family funds to charity

South African billionaire Patrice Motsepe on Wednesday committed to donating half his family’s personal wealth to charity. The 51-year-old, who has been labelled South Africa’s fourth- and Africa’s eighth-richest man by Forbes, said that “at least” 50% of all funds generated by the family assets would be used by the Motsepe Foundation to uplift poor, disadvantaged and marginalised South Africans.

Authors: Dubai Engineering Jobs Admin

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  23. Eskom meets with coal suppliers, calls for new supply ‘pact’
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