13 Aug 2013

Manufacturing

The Pillage People get down to business

The corruption that usually makes the headlines - with regrettable frequency - is that allegedly committed by government employees, ministers and what-have-you. But not to be outdone, it seems big business is doing its bit to catch up and outdo government on leadership ethics, writes Johan Poolman.

Meanwhile, still on the corruption front, Jacob Zuma reckons the arms commission can continue, even if it has been hit by a number of high-profile resignations, writes Karl Gernetzky. As a certain popular cartoonist suggested in one of his latest works, the commission might be better known for its production of whitewash than for any light it might bring to bear on one of the sorriest episodes in recent SA history.

On a happier note, WWF-SA has launched its Earth Hour City Challenge, so don't just sit there, get involved!

Ladies! You like a neat, clean house, right? Well, it seems that you could have a future in the waste management industry.

And still for the ladies, Boitumelo Mothoagae says it's a woman's world but asks... Is her money part of it? We also take a look at working mothers and the conundrum they still face as single mothers trying to build a career.

Rod Baker, Content Director

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Weekly top stories

Mondi earnings up 60%
Paper and packaging group Mondi has reported a 60% rise in underlying earnings per share to 49.4 euro cents (c) for the six months to June from 30.9c a year ago. Read more >>
Consumer spending forecast to fall
[Ntsakisi Maswanganyi]
Bell Equipment's profit of R157,1m


Manufacturing
Outsourcing is not legislated says SAB
[Amanda Visser] There was no mechanism in South African competition law or international law that forced a firm to outsource its activities, Stephan Malherbe, expert economic witness for South African Breweries (SAB), said in its case before the Competition Tribunal on Monday (12 August). Read more >>

Consumer spending forecast to fall
[Ntsakisi Maswanganyi] Growth in retail sales is likely to have moderated in June, according to a BDlive survey of economists that reflects a slowdown in spending by consumers faced with an increasing cost of living. Read more >>

Resistance to GM crops may be waning
While SA has been growing genetically modified (GM) crops for many years, resistance from across most of the continent is set to slow global plans to turn Africa into the world's breadbasket. Read more >>

"Course is registered," says college
The Central Johannesburg College has denied that its artisans development programme was not registered with Merseta. Read more >>

Bell Equipment's profit of R157,1m
Heavy equipment manufacturer Bell Equipment last week posted diluted headline earnings per share of 153c for the six months to June‚ from 141c in the same period last year. Read more >>

Manufacturing, mining production forecast remains weak
[Ray Faure] Weak manufacturing and mining production data for June highlight that production and exports remain under pressure‚ which will negatively impact on growth according to economists. Read more >>

Exxaro may shut or sell New Clydesdale
Diversified South African-based resources group Exxaro Resources announced on Thursday (8 August) that it may cease production at its New Clydesdale Colliery (NCC) situated near eMalahleni in Mpumalanga. Read more >>

SA among slowest growing African economies
Growth in SA will continue to lag that of other African countries‚ with the latest African Development Bank African Economic Outlook report released on Wednesday (7 August) listing the country among the 10 that will record the slowest growth this year. Read more >>

Equities likely to remain largely unchanged
South African equities are unlikely to show much growth this year because they are over-valued and there is much volatility in the market according to a survey of fund managers undertaken by Investment Solutions. Read more >>

TASA Gauteng appoints new chairperson
The Toolmaking Association of South Africa (TASA) Gauteng Executive unanimously elected Vusumuzi Mkhize as its new chairperson at a duly constituted special Annual General Meeting (AGM) held in June 2013. Read more >>

Sappi now focussed on chemical cellulose
[Mark Allix] Sappi headlined the start-up of its new "high-margin" US and South African chemical cellulose projects in its third quarter results ended June‚ as it continued to make losses in tough paper environments‚ especially in Europe‚ its biggest market. Read more >>

Goodyear's many good years in Mozambique
[Alistair Anderson] Tyre manufacturer Goodyear on Tuesday (6 August) said Mozambique was the key African country for its growth strategy on the continent. Read more >>

Alert Steel buys Build Kwik on terms
[Alistair Anderson] Shares in Alert Steel, an AltX-listed retailer of steel and related products and services, jumped 24.21% after announcing it would buy Build Kwik Wholesalers for R58.1m. Read more >>

SAPPMA invites experts to conference
The seventh annual conference of the Southern African Plastic Pipe Manufacturers Association (SAPPMA) will be taking place on Tuesday, 10 September 2013 at the Bytes Conference Centre in Midrand, Gauteng. Various local and international experts will be presenting papers at the conference. Read more >>

Cotton workers harvest more cash
The SA Clothing and Textile Workers' Union (SACTWU) has settled its national wage dispute in the cotton textile sector, the union said on Tuesday (6 August). Read more >>


International

India's car sales drop for ninth time
NEW DELHI INDIA: India's car sales slid by over seven percent in July, marking a ninth month of decline, industry data showed on Monday (12 August), as an economic slump and high borrowing costs discouraged buyers. Read more >>

New iPhone due on 10 September
NEW YORK CITY, USA:- Apple shares gained ground on Monday (12 August) after a report saying the California company was set to announce its next iPhone at an event 10 September. Read more >>

Prospects for car makers improving
PARIS, FRANCE: Car industries in the United States and Europe are showing clear signs of getting back on track after severe setbacks after the global financial crisis rocked markets. Read more >>

China's first airliner won't fly for some time
BEIJING, CHINA: The maiden test flight of China's first large commercial jetliner has been delayed to 2015 due to development difficulties, state media reported on Wednesday (7 August), in a setback for the country's aviation ambitions. Read more >>

LG launches new G2 smartphone
SAN FRANCISCO, USA: LG Electronics on Wednesday (7 August) unveiled a new device to challenge Apple, Samsung and other rivals in the booming smartphone market. Read more >>

Louis Vuitton is top of the pile
PARIS, FRANCE: Louis Vuitton, Hermes and Gucci were the top three global luxury brands of 2013, with Fendi and Coach entering the top 10 for the first time, a study said on Wednesday (7 August) Read more >>


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