25 Jun 2013

Manufacturing

Madiba critical but comfortable

The news is topped right now, quite rightly, by reports around Nelson Mandela's health status, which is reported to be critical, but his medical team is ensuring he is as comfortable as possible.

If you're cohabiting, you may need to cough up in the event of an insurance claim... apparently, unmarried couples who live together or keep their possessions at their partner's residence face an increased risk of insurance claim rejections for personal belongings if they fail to fully disclose their living situation to their insurers.

Ouch! The Competition Commission has reached a settlement with 15 construction firms, who have agreed to pay fines to the tune of R1.46bn for collusive tendering. When will these people learn?

Some good news at last! A South African team has won a top supercomputing award, scooping overall top honours at the International Student Cluster Challenge held in Leipzig, Germany, recently.

Finally... look! Have you created or updated your MyBiz Profile on Bizcommunity yet. If not, what are you waiting for... It's so simple and you will put yourself in the running to win a fantastic GoPro camera and accessories worth over R6,000! Go on... get to it!

Rod Baker, Content Director

Submit your company news to manufacturingnews@bizcommunity.com. Exclusive contributions may be sent to contributors-manufacturing@bizcommunity.com.

Weekly top stories

ChemSpec doubles its losses
[Alistair Anderson] Listed paint and coatings manufacturer Chemical Specialities (ChemSpec) on Thursday (20 June) reported that its loss widened to R31m in the year to March from R14m in the previous financial year despite a 24% rise in revenue to R471m. Read more >>
GoPro reader competition: don't forget to create/update your MyBiz Profile!
[Issued by Bizcommunity.com]
Certain manufacturing businesses lack BEE compliance - Levenstein

Manufacturing
GoPro reader competition: don't forget to create/update your MyBiz Profile!
[Issued by Bizcommunity.com] There's only one week left to create or update your MyBiz Profile on Bizcommunity and stand a chance to WIN an awesome GoPro camera and accessories worth over R6000! Entries close 30 June 2013, and the winner will be picked via a lucky draw and announced on 1 July on Biz, Facebook and Twitter. Read more >>  visit press office >>


Manufacturing
Two-tier approach may boost car sales
[David Furlonger] Manufacturing incentives alone will not enable the SA motor industry to achieve its annual vehicle production goal of 1,2m cars by 2020, say motor companies. Read more >>

Bull Brand sold to Rhodes Food
KAP Industrial Holdings has concluded the sale of its food interests‚ being Bull Brand Foods and Brenner Mills. Read more >>

Sasol's testimony to US House of Representatives
Sasol's senior group executive for global chemicals and North American operations André de Ruyter testified on Thursday (20 June) before a joint hearing of the US House of Representatives Subcommittee on Energy and Power and the Subcommittee on Commerce‚ Manufacturing‚ and Trade on the benefits of Sasol's US projects for the manufacturing and energy sectors Read more >>

SA steel production falters
[Helmo Preuss] South African steel production fell by 7.6% year-on-year (y/y) in May to an estimated 570‚000 tons after plunging by 16.6% y/y in February to 515‚000 tons‚ according to World Steel Association data. Read more >>

Unilever says Africa is next growth market
Unilever Global says Africa is its next growth market and has rolled out what it calls a sustainable living plan to the continent. Read more >>

Franchise sales up 16.8% for Famous Brands
Famous Brands has reported that its franchise sales increased 16.8% in the March to May quarter with a 16% improvement in South Africa and a 27.2% improvement in the rest of Africa region. Read more >>

Aspen's offer for GSK's thrombosis drugs
[Tamar Kahn] SA's biggest generic drug manufacturer Aspen Pharmacare has offered to buy GlaxoSmithKline's thrombosis drugs and their associated manufacturing site‚ in a potential deal which it says could generate turnover of £300m a year. Read more >>

Officials to meet over Transnet tenders
[Nicky Smith] The Department of Trade and Industry has called for a meeting of top government officials after almost a year of tireless lobbying by specialised spring manufacturer Springmaster over the role state-owned Transnet Engineering (TE) has been playing in the rail engineering sector. Read more >>

Billions of litres of water lost or stolen
South Africa is losing enormous quantities of water. It is so much that this water would be enough to fill 4.3m swimming pools a year. Leaking pipes and water thefts are the cause of the losses according to a report in The Sunday Times on Sunday (23 June). Read more >>

First National Battery brings recycling in-house
First National Battery, a subsidiary of JSE-listed Metair Investments, and a manufacturer and distributor of lead acid batteries in South Africa, has commissioned a polypropylene recycling plant at its Benoni factory. Read more >>

New multi-million Rand Airbus contract to boost SA industry
Denel Aerostructures (DAe) has been awarded a third multi-million Rand contract to manufacture critical parts for the Airbus A400M strategic airlifter. Read more >>

Certain manufacturing businesses lack BEE compliance - Levenstein
Most large manufacturing companies comply with B-BBEE requirements. However, many small to medium-sized manufacturing businesses, with a turnover of more than R35 million, are falling short and are losing contracts as a result. Read more >>

Food, beverage sales rise by 3.6%
Measured in nominal terms - or at current prices - total income generated by the food and beverages industry in South Africa increased by 3.6% in April compared with the previous year‚ data released by Statistics South Africa on Tuesday (18 June) showed. Read more >>


International

Chrysler will now recall 2.7m vehicles
WASHINGTON, USA: Chrysler announced on Tuesday (18 June) that it would bow to the US safety regulator's pressure to recall 2.7 million Jeep Liberty and Grand Cherokee models over a fire risk that caused dozens of deaths. Read more >>


More International


Government

State pension funds a source of cash?
[Linda Ensor] State-owned companies might have to use their pension funds to support their investments in the economy‚ Public Enterprises Minister Malusi Gigaba said on Wednesday (19 June). Read more >>


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