Avoid bad BEE practices Whether one likes it or not, laws applicable to BEE are in place, and in this article Deon Oberholzer shows you the 10 bad BEE practices that could result in you losing your business. This must be the only country in the world with a so-called "strike season" - so it's no surprise to learn that the new tyre manufacturing industry negotiations deadlocked. Doesn't anyone seem to realise that a strike is the last resort, not among the first? Some might think, with good reason, that this country is becoming a nanny state, and others might be in total agreement with the proposed ban, but in the meantime, the alcohol industry is demanding a say on the bill banning alcohol advertising. Come on, admit it... our taxis are among our favourite road-users... NOT! So here's a heady little tale of the taxi that shocked police officers. Rod Baker, Content Director
Comment online in our ed's column archive. Go mobile with apps and m.bizcommunity.com. Engage with us on Twitter, Facebook, LinkedIn and Google+. Subscribe to YouTube and via RSS. Send all your industry-specific news and event invitations to manufacturingnews@bizcommunity.com, exclusive opinion pieces to contributors-manufacturing@bizcommunity.com and international news to internationalnews@bizcommunity.com. Read "How to contribute to Biz, from op-ed pieces to news".Weekly top stories | Development financier the Eastern Cape Development Corporation (ECDC) has announced that it has approved an investment of R15 million into a global automotive company: TrelleborgVibracoustic-Ikhwezi, which is based in East London, Eastern Cape. Read more >> |
|
|
 | Hisense, the global manufacturer of consumer electronics and home appliances, has launched their new 84" UHD (Ultra High Definition) TV, which will be manufactured at its manufacturing facility in Atlantis, Cape Town. The TV, hailed as the 'Evolution of TV', is reported to be the biggest consumer UHD TV to be produced on South African shores. Read more >> |
Douw van der Walt, chairman of the New Tyre Manufacturers Employer's Association has confirmed that negotiations have reached a deadlock and companies have resigned themselves to the possibility of industrial action in the coming weeks. Read more >>
 | Hino Motors, Japan's truck and bus manufacturer, is increasing the pace in terms of setting up global production systems to grow its volume. One of the keys to this ramp up in output is the Koga plant which commenced operations as a packing facility for KD (knocked down) components for assembly outside Japan in 2012. Read more >> |
Steloy Castings recently joined an all-local cast of contractors, headed up by engineering, procurement and construction company, Heurtey Petrochem, to supply critical components for the replacement of furnaces at Natref's Sasolburg refinery, which were becoming unreliable and required a full upgrade to bring the refinery in line with new government regulations. Read more >>
 | Platinum miner Aquarius Platinum has unveiled several initiatives aimed at reducing operating costs and conserving cash resources as a result of the prevailing and difficult operating environment. Read more >> |
 | Pioneer Food's revenue for the 11 months to August increased by 10% to R18bn‚ the company said in a voluntary trading update on Monday (16 September). Read more >> |
 | [Helmo Preuss] European new car sales fell by 5.0% year-on-year (y/y) in August after a 5.0% y/y rise in July‚ the European Automobile Manufacturers' Association reported on Tuesday (17 September). Read more >> |
 | Clover Industries reported a 3.4% rise in headline earnings per share (HEPS) to 119.9c for the year to June. Diluted HEPS rose to 111.5c from 108.7c a year ago. Read more >> |
 | [Tina Weavind] It is no accident that few people have ever heard of Rayhaan Hassim, the driving force behind Aucor, one of South Africa's biggest auction houses and a ream of other businesses. He is obsessively private. No photographs of him appear on any of his companies websites and he refused to be photographed by Business Times. Read more >> |
 | [Alexander Parker] The motor industry is reeling from rolling mass action by the National Union of Metalworkers of South Africa (Numsa)‚ with the strike in the automotive components industry bringing production lines to a standstill even though the strike at the vehicle manufacturers ended a week ago. Read more >> |
 | [Helmo Preuss] Grain futures closed mostly lower on last week after the key US Department of Agriculture's (USDA) crop report on surprised the markets with an increase in the forecast. Read more >> |
 | [Zeenat Moorad] In SA, Famous Brands produces 265,000 cups of specially blended coffee a day. With 2,175 restaurants, the company, whose brands include Wimpy, Steers and Mugg & Bean, also makes 77m ice-cream cones a year. It's the big daddy of SA franchising, with a R9,7bn market capitalisation, and it wants to repeat its local success in the rest of Africa. Read more >> |
 | Spur Corporation has reported a 22.4% rise in diluted headline earnings per share to 156.64c, up from 127.95c a year ago, for the year to June‚ Read more >> |
 | [Ntsakisi Maswanganyi] South African manufacturing production came in better than expected in July‚ suggesting recovery in the economy's second biggest sector. Read more >> |
 | Vehicle production will stop by the end of the week as a result of the strike in the automotive components industry, the National Association of Automobile Manufacturers of SA (Naamsa) said on Wednesday (11 September). Read more >> |
 | [Zeenat Moorad] Clothing and footwear retail sales growth in SA is losing momentum‚ the latest EY/Bureau for Economic Research (BER) survey showed on Thursday (12 September). Read more >> |
 | Steinhoff International Holdings on Tuesday (10 September) said that the prevailing global economic environment remained volatile but it was confident that the diversity inherent in its assets and earnings would continue to protect the group against any prolonged downturn in any one market where it operated. Read more >> |
 | ROME, ITALY: Salvage workers will attempt to raise the Costa Concordia cruise ship on Monday (16 September), weather permitting, in an unprecedented operation costing more than €600m, officials said. Read more >> |
 | WASHINGTON, USA: American scientists may have found a way to produce clean energy using contaminated water, according to a new study published on Monday (16 September). Read more >> |
 | FRANKFURT, GERMANY: Rising demand for more mobility in emerging countries is driving up global sales of new vehicles, making up for falling sales in Europe, the world automakers' federation OICA said on Wednesday (11 September). Read more >> |
 | LONDON, UK: Kingfisher, Europe's biggest home-improvements retailer, said on Wednesday (11 September) that group net profit surged by 70% during the first half of its financial year mainly thanks to an exceptional tax gain. Read more >> |
 | FRANKFURT, GERMANY: The European car market may be slowly showing signs of stabilising after years of crisis but cut-throat price wars still offer car buyers the chance to snap up a bargain. Read more >> |
 | CUPERTINO, USA: Apple on Tuesday, 10 September, unveiled two new iPhones, fielding a slick new top-end model along with one aimed at budget-conscious smartphone shoppers around the world as analysts had predicted. Read more >> |
More International
 | South Africa and British authorities are today holding bilateral talks in Cape Town which will see the two countries establishing a business council to facilitate trade and economic activities. Read more >> |
Water and Environmental Affairs Minister Edna Molewa signed an agreement on water management with her Cuban counterpart her department said. Read more >>
More Government news
 | Print any item in this newsletter. |
 | Email any item in this newsletter. |
 | Comment on any item in this newsletter. |
|
|
|
