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Sino Africa Gases established in Newcastle
Published: 01 Nov 24
The new food-grade liquid CO2 manufacturing plant of Sino Africa Gases is now officially established. The plant, located in Newcastle, KwaZulu-Natal, was funded by the National Empowerment Fund (NEF), in collaboration with the Department of Trade, Industry and Competition (dtic).
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Sephaku expects at least 69% increase in interim earnings
Published: 01 Nov 24
JSE-listed Sephaku Holdings expects to report an increase of between 69% and 85% in its basic earnings per share (EPS) to between 13.1c and 14.3c for the six months ended September 30.
This compares with the basic EPS of 7.74c reported for the first half of the prior financial year.
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Transport industry, unions sign two-year wage agreement
Published: 01 Nov 24
The National Bargaining Council for the Road Freight and Logistics Industry (NBCRFLI) has concluded a two-year wage agreement, and ensured the extension of the agreement by the Minister of Employment and Labour to non-parties. The agreement will see industry workers receive an across-the-board increase of 7% in the first year (March 1, 2025 to February 28, 2026), including extended bargaining unit (EBU) employees up to Paterson Grade B4.
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EPWP open to abuse, must be reformed – Macpherson
Published: 01 Nov 24
The Expanded Public Works Programme (EPWP) has become open to abuse, says Minister of Public Works and Infrastructure Dean Macpherson, despite it also being an “important stop-gap opportunity to many people caught in the cycle of poverty”. Macpherson spoke during the launch of the EPWP ‘listening tour’ in the Eastern Cape.
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ALPLA opens €60m recycling plant in KZN
Published: 01 Nov 24
Plastic packaging and recycling company ALPLA has opened a new 90 000 m2 recycling plant, following an investment of €60-million, in Balito, KwaZulu-Natal. From next year, the company says, the ALPLArecycling division is expected produce up to 35 000 t of recycled polyethylene terephthalate (rPET) a year. The high-quality material will then be processed into safe, affordable and sustainable plastic packaging at ALPLA’s production plant in Lanseria, Gauteng.
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Number of operational incidents on South Africa's railways increases
Published: 01 Nov 24
The Railway Safety Regulator's (RSR's) 'State of Safety Report 2023/2024' showed that there was a 12.82% increase in operational incidents from the prior year owing to new risks and trends, with 2 496 operational incidents reported during the year. In terms of injuries and fatalities, 85 lives were tragically lost and 181 people sustained injuries, although there was an encouraging decrease in the Fatality and Injury Rate, which highlights some improvement in safety protocols compared to prior years.
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dtic invites comments on draft regulations blocking unwanted direct marketing communication
Published: 01 Nov 24
The Department of Trade, Industry and Competition (dtic) invites comments on the draft amended Regulations 4 of the Consumer Protection Act, which provides mechanisms to block unwanted direct marketing communication. Interested parties have been given 45 days to submit their comments. All interested parties, including direct marketers, legal experts, industry associations and interested citizens, are encouraged to submit their comments by no later than January 15, 2025.
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dtic invites comments on draft regulations blocking unwanted direct marketing communication
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Despite slight dip, Absa PMI in expansionary territory, indicating rebound in manufacturing
Published: 01 Nov 24
The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged down to 52.6 points in October, following an upbeat closing of the third quarter at 53.3 points in September. Although this is a 0.7-point decrease between September and October, it is encouraging to record the second consecutive reading above 50 points, which has not happened since a positive streak in late 2022 and early 2023.
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IPP Office to defend legal attempt by BW5 preferred bidders to prevent payout of bid bonds
Published: 01 Nov 24
The Independent Power Producer (IPP) Office has confirmed that it will oppose a legal attempt by two renewables consortia to prevent the payout of preferred-bidder guarantees called after their projects failed to advance to commercial close. Both consortia – Engie-Pele Sannapos Solar PV Consortium and Globeleq-Mainstream SA Renewables Power – were selected as preferred bidders during Bid Window 5 (BW5) of the Renewable Energy Independent Power Producer Procurement Programme, launched in 2021.
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Sugar association appoints Mhlaba CEO
Published: 01 Nov 24
Industry body the South Africa Sugar Association (SASA) has appointed Sifiso Mhlaba CEO, succeeding Trix Trikam who retired as head of the organisation on November 1.
Trikam led the organisation for 26 years, adding to a total 43-year tenure at the SASA.
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