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WBHO completes two solar plants, impactful community initiatives in Lichtenburg
Published: 03 May 24
Construction group Wilson Bayly Holmes-Ovcon (WBHO) and renewable energy company Sola Group have completed construction of the Merak 2 & 3 solar photovoltaic projects near Lichtenburg, in North West.
The two solar plants, with capacities of 130 MW and 126 MW, respectively, span an area of 4 km2 and will deliver power through a wheeling agreement to mineral sands miner Tronox.
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TFR ramps up coal trains to 28 a week
Published: 03 May 24
State-owned Transnet Freight Rail (TFR) has embarked on a ramp up of GF-class coal trains from 21 a week to 28 a week, supported by an injection of locomotives. This is part of Transnet’s recovery plan initiatives, and a commitment made to the City of uMhlathuze leadership and other stakeholders during the Stakeholder Collaboration on Truck Congestion Solutions meeting held in the Port of Richards Bay, in KwaZulu-Natal, on November 21 last year.
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Enhanced regulation, law enforcement needed to combat scrap metal theft
Published: 03 May 24
Enhanced regulation and enforcement are needed to address the challenges of scrap metal theft in South Africa and potentially lift the ban on scrap metal exports, research and advisory firm Birguid analyst Noquele Dube says. She explains that the scrap metal industry contributes R15-billion to South Africa's gross domestic product and employs about 350 000 people, according to the Metals Recycling Association of South Africa (MRA).
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Saudi, Johannesburg stock exchanges partner to advance new instruments, market access
Published: 03 May 24
The JSE has signed a memorandum of understanding (MoU) with Saudi Tadawul Group (STG), aimed at enhancing financial market collaboration and bolstering economic ties between South Africa and Saudi Arabia.
The agreement serves as a catalyst for growth, innovation and technological advancement in both markets, supported by a shared vision for future prosperity, says JSE group CEO Leila Fourie.
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Next South African government has tough reform job, Moody’s says
Published: 03 May 24
South Africa may struggle to make much more progress on resolving the country’s longstanding challenges if a coalition government emerges after elections this month, Moody’s Investors Service cautioned. “These include stimulating years of sluggish economic growth, curbing chronic power shortages and reducing very high unemployment,” said Aurelien Mali, vice president - senior credit officer at Moody’s. “The current government has made incremental progress on these issues.”
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SA’s largest boat builder eyes growing share of global ocean-cruising catamaran market
Published: 03 May 24
It’s easy to overlook the sheer magnitude of Robertson and Caine’s (R&C’s) operations in Cape Town. The company’s ten boat-building factories and assembly lines are dotted across the city – from Woodstock to Paarden Island to Montagu Gardens, with the latter also housing a substantial warehouse. Other numbers, however, make it easier to appreciate the scale of the catamaran builder, including the fact that the 33-year-old company employs more than 2 400 people, with one boat rolling off an assembly line somewhere in the city almost every weekday of the year.
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Short-term insurance product extended to SMMEs
Published: 03 May 24
The State-owned Export Credit Insurance Corporation of South Africa (ECIC) has significantly expanded its mandate to support manufacturing projects, with a notable enhancement through the establishment of the Export Passport Insurance Facility. This initiative underscores the ECIC’s commitment to fostering growth in the manufacturing sector and extending its support to small, medium-sized and microenterprises (SMMEs), says ECIC short-term insurance senior underwriter Ntombifuthi Mdluli.
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Company proactively enhancing offering
Published: 03 May 24
While diversified manufacturing company Frankwen Forge is taking proactive steps to adapt and enhance its service offerings, broader structural changes are necessary to safeguard and advance the manufacturing sector in South Africa, the company says. It therefore advocates for several key changes to revitalise the manufacturing sector, with the company suggesting that South Africa needs to reduce imports to protect local manufacturing capacity, while simultaneously creating a more favourable investment and employment climate.
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Ongoing investment underscores commitment
 Published: 03 May 24
Anchored fundamentally in the principle of efficiently managing its manufacturing processes, conveyor belt solutions manufacturer and supplier Tru-Trac Rollers’ ongoing investments in “state-of-the-art technology” and its adherence to strict international quality standards underscore its commitment to excellence, says Tru-Trac GM Franco Cloete. This strategy, he explains, ensures a high standard of quality, while continuously enhancing operational efficiency and ensuring cost-effectiveness, both of which he touts as critical factors that underpin the company’s competitive edge globally.
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Noncompliant electrical cables in South Africa risk safety
Published: 03 May 24
The proliferation of substandard and noncompliant electric cable products in the South African market poses significant risks to consumers and businesses, especially amid the country’s constrained and stagnating economy, says electronics manufacturer Apex Cordset Technologies (Apex). Apex is a dynamic company with a strong focus on technology and manufacturing, specialising in a range of safe and compliant electrical products and cable assemblies.
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TFR ramps up coal trains to 28 a week
Published: 03 May 24
