SA needs to up manufacturing sector competitiveness
Posted on 11. Mar, 2010 by admin in News-Supply Chain
Frost & Sullivan analyst Laura Peinke believes that the main issue around state tender prices hinges around whether the local manufacturing environment will receive the right support from government, while the economy is kept open to international competition.
Peinke gives her thoughts below on what is needed for South Africa to become a viable manufacturing destination:
R8.4bn Sasol Wax project breaks ground
Posted on 11. Mar, 2010 by admin in News-Chemical
Sasol, South Africa’s leading provider of synthetic liquid fuels and a major international producer of chemicals, today celebrated breaking ground for an R8,4 billion Wax Expansion Project at its Sasolburg Sasol One Site. The first phase of the project will come into operation in 2012. When complete in 2014, it will double the Sasol Wax [...]
Foodcorp debt downgraded
Posted on 11. Mar, 2010 by admin in News-Food, Uncategorized
Standard & Poor’s Ratings Services said today that it lowered its
long-term corporate credit rating on South African food manufacturer
Foodcorp (Proprietary) Ltd. to ‘B-’ from ‘B’. The outlook is stable.
BioScience turnaround on track
Posted on 11. Mar, 2010 by admin in Business-Financial Results, News-Pharmaceutical, Research
When AltX listed pharmaceutical and wellness stock Bioscience Brands was re-listed, we at ManufacturingHub.co.za were quite upbeat on its prospects. We retain this confidence in the overall offering.
Sasol’s ability to innovate will trump social indiscretions
Posted on 08. Mar, 2010 by admin in Business-Financial Results, News-Chemical
JSE listed petrochemicals giant will be forgiven its social indiscretions simply because it is one of the most innovative companies in South Africa.
That’s the view of the ManufacturingHub.co.za team who believe that unlike listed food group Pioneer, Sasol will not only learn but continue to innovate in the coming years.
Oil and gas opportunities abound in Africa
Posted on 08. Mar, 2010 by admin in News-Chemical
Despite the recession and slowing demand, the finite nature of global oil reserves means supply in the long term remains under continued pressure. As a consequence, oil producing nations in Africa are presented with an opportunity to address the demands of energy hungry nations by exploiting known reserves and prospecting for undiscovered deposits of oil [...]
Confident signs from Sasol
Posted on 08. Mar, 2010 by admin in Business-Financial Results, Uncategorized
Petrochemicals giant Sasol has sent a clear sign that it believes the worst of the global economic recession is behind us when it raised its interim dividend by 12%.
Eskom price hike impact on industry overstated
Posted on 01. Mar, 2010 by admin in Business-Financial Results, Uncategorized
In a joint editorial comment, ManufacturingHub.co.za and Ferronews.com argue that the recent power hikes will, contrary to popular belief be a catalyst for industrial growth and innovation in the country.
Ivan Israelstam: Disciplinary hearings are vital
Posted on 01. Mar, 2010 by admin in Business-Industrial Relations
While arbitrators have repeatedly faulted employers for procedural unfairness at disciplinary hearings certain employers still maintain that there is no need for a formal hearing.
Costly protection
Posted on 25. Feb, 2010 by admin in Business-Industrial Relations, News-Supply Chain
Experts at Walkers Attorneys say that the new Consumer Protection Act of 2009 is likely to have a significant impact on manufacturers of consumer products in South Africa.