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Nestle Nigeria hits new all time high on dividend hopes

Nestle Nigeria shares rose to a new all-time high on thin volumes on Wednesday, lifted up by expectations of a high dividend for the second half of 2012, due to be paid sometime before March, stockbrokers said. The company, which is majority owned by Swiss food company Nestle SA paid an interim dividend of 1.50 naira per share in December, raising hopes of a healthy full-year payout.

Authors: Dubai Engineering Jobs Admin

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New Denel contract with SAAF confirmed – 384 skilled jobs to go

The State-owned Denel defence industrial group announced on Thursday that it had reached a new agreement with the South African Air Force (SAAF) to replace the current Denel Personnel Solutions/Aero Manpower Group (DPS/AMG) contract, which expires at the end of March. The new arrangement will see the SAAF retain the services of 139 of the 523 aircraft specialists currently employed under the DPS/AMG contract. The remaining 384 workers will lose their jobs. DPS/AMG falls under aircraft maintenance, repair and overhaul company Denel Aviation. DPS has provided skilled maintenance personnel to the SAAF under the AMG contract since 1986. The 139 workers to be retained were selected on the basis of the skills required by the SAAF, and they will be complemented by air force personnel. “This is indeed a breakthrough,” stated Denel Aviation CEO Mike Kgobe. “With this solution we are able to ensure that the jobs of some of our employees across a number of categories and locations are retained with the requisite order cover.”

Authors: Dubai Engineering Jobs Admin

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Nigeria says to fix Port Harcourt refinery in April-May

Nigeria will carry out turnaround maintenance on the 150 000 bl/d Port Harcourt refinery in April and May this year, the oil minister said on Tuesday. The maintenance had originally been scheduled for October last year.

Authors: Dubai Engineering Jobs Admin

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Nkandla controversy based on 'misperceptions' – Nxesi

The controversy over money spent on upgrading President Jacob Zuma's Nkandla home was based on "misperceptions"(sic), Public Works Minister Thulas Nxesi said on Friday. "It is not just something done by public works on its own, it is based on scientific security analysis," he told reporters in Pretoria.

Authors: Dubai Engineering Jobs Admin

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No more govt support in the offing – Eskom

State-owned electricity utility Eskom reaffirmed on Wednesday that it had received no indication in ongoing consultations with government of its willingness to inject further equity into the business, or extend further guarantees to assist Eskom in funding its large-scale capital expenditure programme. CEO Brian Dames told the National Energy Regulator of South Africa (Nersa) panel at hearings in Midrand that its most recent engagement had taken place during the course of the week. He also ...

Authors: Dubai Engineering Jobs Admin

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NWU to spend R380m on infrastructure upgrades

The North-West University (NWU) plans to spend about R380-million over the next three years on new buildings and the upgrading of existing buildings and equipment on its Mafikeng, Potchefstroom and Vaal Triangle campuses. The Department of Higher Education and Training would contribute R211.3-million to the upgrades, while the NWU would contribute the balance from its reserve fund

Authors: Dubai Engineering Jobs Admin

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NWU, DTI open R4m fluid extraction lab

The North-West University (NWU) and the Department of Trade and Industry (DTI) officially opened the continent's first supercritical fluid extraction laboratory and pilot plant at the Bio-Beneficiation Systems Laboratory of the DTI Centre of Excellence in Advanced Manufacturing at the NWU’s Potchefstroom Campus. The green technology, which made use of supercritical carbon dioxide (CO2) as the solvent, was used to safely extract essential oils, flavourings and other compounds used in the cosmetics, food and medicinal extract industries.

Authors: Dubai Engineering Jobs Admin

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Nzimande pleads with business to train students

Higher Education and Training Minister Dr Blade Nzimande on Friday pleaded with business to become a platform for training and upskilling school leavers. Addressing delegates at the South African Chamber of Commerce and Industry convention, in Midrand, he said a year under an internship or training programme would ensure a well-rounded education for further education and training (FET) college and university students.

Authors: Dubai Engineering Jobs Admin

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PMI increase suggests improving manufacturing conditions – Kagiso

The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) increased for the second consecutive month in February, rising to 53.6 – above the key 50-point mark for the first time since August 2012. Kagiso Asset Management research head Abdul Davids pointed out that the headline PMI was largely driven by improvements in the new sales orders index, which was up by 9.3 points, and the business activity index, which improved by 2.6 points.

Authors: Dubai Engineering Jobs Admin

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PPC to fund cement, concrete R&D initiatives

Cement supplier PPC has withdrawn from the Cement & Concrete Institute (C&CI) and would redirect its funding to various research and development initiatives that would benefit the cement and concrete industry. PPC’s decision followed an announcement by the C&CI on Thursday, subsequent to the resignation of the institute’s main funding members, that it would be closing down.

Authors: Dubai Engineering Jobs Admin

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