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S African project managers require business competencies S African project managers require business competencies
Published: 20 Jul 18
In the early stages of a project management career, some professionals have a lack of understanding of the link between business strategy and projects, and with this, the acumen to know what business information emanating from the project is useful to extract, interpret and provide to the executives to assist them in decision-making, says professional association Project Management South Africa (PMSA) CEO Taryn van Olden. PMSA has the responsibility of formalising and conferring professional designations for project managers.
Transnet expansion project  uplifts the community  Transnet expansion project uplifts the community
Published: 20 Jul 18
State-owned freight rail company Transnet’s R2.38-billion Manganese Rail Phase 1 Expansion project created about 2 200 employment opportunities in the remote Northern Cape region and provided skills development and training to local staff.
New zero-discharge chemical production  facility opens in Pomona New zero-discharge chemical production facility opens in Pomona
Published: 20 Jul 18
The new 6 600 m2 chemical production facility of multinational Veolia Water Technologies South Africa, in Pomona, Kempton Park is the main blending facility for the company’s local operations, and is also set to export to Veolia’s clients throughout Africa, owing to its competitive costs of production compared with other Veolia chemical production facilities, such as in Italy and France. The facility's production manager Simon Schmalzried notes that the factory produces more than 40 chemicals as part of the company’s global Hydrex range of water chemicals, including water and wastewater treatment chemicals, boiler and cooling tower chemicals, flocculant chemicals and reverse osmosis membrane cleaning chemicals, as well as specially blended chemicals for specific applications.
Demand for 37 390 new airliners and freighters over next 20 years – Airbus
Published: 20 Jul 18
European-based aerospace giant Airbus recently published its forecast for new airliner and freighter aircraft demand for the next 20 years. The Group’s “Global Market Forecast 2018-2037” predicts a need for 37 390 new passenger and freighter aircraft over this period, taking the global fleet of such aircraft to a total of 48 000 (including existing aircraft that will still be in service).
Global airliner-maker consolidation continues as Boeing, Embraer announce JV
Published: 20 Jul 18
US aerospace giant Boeing and Brazilian aerospace major Embraer have jointly announced that they had signed a non-binding Memorandum of Understanding to create a commercial aviation joint venture (JV). Boeing will hold 80% of the JV and Embraer the remaining 20%. The deal has still to be approved by shareholders, regulators, and the Brazilian Government. All being well, the deal is expected to be closed by the end of next year, some 12 to 18 months after the implementation of the definitive agreements.
SA’s ambitious Youth Employment Service starts taking shape SA’s ambitious Youth Employment Service starts taking shape Has Video
Published: 20 Jul 18
The Youth Employment Service (YES) aims to create one-million jobs within three years to help alleviate the situation of six-million unemployed youths in South Africa, 60% of whom reside in townships and rural areas. YES was established by the CEO Initiative, which is a partnership created between government, labour and business in January 2016.
Paulson & Co to ask Detour Gold for special meeting for board overhaul
Published: 19 Jul 18
Activist investor John Paulsons' hedge fund on Thursday said it would urge Detour Gold to call a special shareholder meeting to replace a majority of the company's directors, as it pushes for change at the Canadian gold miner. Paulson & Co's statement comes a day after the parties engaged in a heated public exchange over Detour's failure in publicly disclosing a buyout offer.
Mountain Province says Gahcho Kué JV continues to perform well
Published: 19 Jul 18
The Gahcho Kué diamond mine that Canadian miner Mountain Province owns in partnership with Anglo America’s De Beers has recovered 1.93-million carats at an average grade of 2.15 c/t in the second quarter of the year, setting a new quarterly record and delivering a 20% year-on-year production improvement. The mine, located in the Canadian tundra, achieved commercial production last year.
Competition Bill includes ‘greater flexibility’ for large firms to collaborate Competition Bill includes ‘greater flexibility’ for large firms to collaborate
Published: 19 Jul 18
The overarching objective of the Competition Amendment Bill is to foster a “new deal for economic transformation and inclusion”, but Economic Development Minister Ebrahim Patel also notes that the proposed legislation introduces greater flexibility for collaboration by large firms. Speaking at the fourth Annual Competition and Economic Regulation Week in Johannesburg on Thursday, Patel said flexibility had been increased to allow large companies to work together in pursuit of legitimate industrial policy objectives, such as the expansion of industrial output and employment.
WGC ‘optimistic’ about gold’s H2 performance
Published: 19 Jul 18
Gold investors saw their fortunes change during the second quarter after benefiting from gold’s strong performance in the first quarter, says the World Gold Council (WGC) in its mid-year outlook. The study considers the impact of global economic trends on gold’s performance.
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