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Global steel production for March increases by marginal 1% y/y

World crude steel production for March increased by a marginal 1% year-on-year to 135-million tonnes, the World Steel Association (worldsteel) reported on Monday. China posted improved production for March of 66.3-million tonnes, up 6.6% on the first quarter of 2012, while Japan produced 9.4-million tonnes of crude steel, up 1.3% compared with the same month last year.

Authors: Dubai Engineering Jobs Admin

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Honda back on track after 2011 crunch, budget Brio set to boost 2013 sales

Honda Motor Southern Africa (HMSA) is hoping for a spectacular 2013, following on from what is expected to be a strong recovery this year. HMSA sales and marketing director Graham Eagle says HMSA should sell around 11 000 vehicles this year, with the company targeting 50% growth in 2013, which should spell a new sales record for the local arm of the Japanese manufacturer. The brand previously peaked at around 14 000 vehicles, declining to a disappointing 8 000 units in 2011 as the Japanese tsunami and Thailand floods hit product supply to South Africa, notes Eagle.

Authors: Dubai Engineering Jobs Admin

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IMF says Kenyan economy likely to grow by up to 6% in 2013

The International Monetary Fund expects the Kenyan economy to grow at least 5.5% to 6% this year from an estimated 4.5% to 5% in 2012, a senior fund official said on Thursday.

Authors: Dubai Engineering Jobs Admin

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Infrastructure plan should not be impacted by slowdown

South Africa ‘s massive infrastructure plan should not be allowed to be impacted upon by the global economic slowdown or derailed by a lack of funding, Public Enterprises Minister Malusi Gigaba said on Tuesday. In the last year, the Presidential Infrastructure Coordinating Commission (PICC) has launched the intergovernmental forums of the 18 Strategic Infrastructure Projects known as SIPs. Addressing parliamentarians, Gigaba gave an update of some of the projects in the infrastructure plan. The ...

Authors: Dubai Engineering Jobs Admin

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International organisations commit to improved information-sharing efforts

United Nations (UN) secretary general Ban Ki-moon, along with the leaders of six multilateral financial institutions, has announced the organisation’s intention to strengthen interagency sharing and collaboration on issues related to data and statistical capacity building. Leaders of the African Development Bank (Afdb), the Asian Development Bank, the Inter-American Development Bank, the International Monetary Fund, the Islamic Development Bank, the UN, and World Bank Group (WBG) have signed a Memorandum of Understanding (MoU) to collaborate on strengthening statistical capacity in member countries and to facilitate the sharing of data, tools, standards and analysis to improve statistics for monitoring development outcomes.

Authors: Dubai Engineering Jobs Admin

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Ipsa enters new talks as sale of last two turbines fails

Power group Ipsa said on Friday that it entered into negotiations with an undisclosed party for the sale of its last two gas turbines after its initial two deals proved unsuccessful. Its $31-million deal with Malaysian power development company Iris Eco Power was abandoned, after the latter failed to conclude the agreements by end-February.

Authors: Dubai Engineering Jobs Admin

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Italtile reports 15% growth in profit despite slower spending

Despite consumer spending slowing appreciably during the six months ended December 2012, weighed down by increased utility costs and higher fuel and food prices, ceramic product distributor Italtile reported a 15% rise in its trading profit to R312-million. The company stated that this reflected tight cost control and, after several consecutive years of absorbing pricing pressure and sacrificing margins in the context of substantially higher input costs, modest inflation-linked price increases implemented in the retail network.

Authors: Dubai Engineering Jobs Admin

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Kia opens solar-powered dealership; faces stock crunch in 2013

Kia Motors South Africa (KMSA) has opened the Kia Motor Corporation’s first solar-powered dealership in the world. The R65-million Weltevredenpark facility, in Johannesburg, is 8 500 m2 in size and took 12 months to build, says KMSA CEO Ray Levin.

Authors: Dubai Engineering Jobs Admin

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Labour law amendments to be finalised by year-end

Amendments to South Africa’s labour laws were expected to be finalised by the end of November, Portfolio Committee on Labour chairperson Elleck Nchabeleng said on Wednesday. The Parliamentary Portfolio Committee on Labour, which was undertaking an “intense review” of the labour laws, aimed to assist in the process of amending the Basic Conditions of Employment, the Labour Relations, the Employment Equity and the newly tabled Public Employment Services Bills.

Authors: Dubai Engineering Jobs Admin

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Licensing Bill attracts more criticism

The recently tabled draft Licensing of Businesses Bill has attracted more criticism from South African organisations for its inefficiencies, lack of clarity, potential criminalisation of legitimate business and potential extensive negative impact on businesses in the country. The legislation, which was intended to ease the business licensing process and crack down on illicit business activities, was slammed, as many organisations believed it would achieve the opposite.

Authors: Dubai Engineering Jobs Admin

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