March 30, 2011
Public Works joins forces with FETs
Pretoria - The Department of Public Works today signed an agreement with FETs in a bid to ensure that students receive proper practical training.
Posted by StaffWriter at 9:57 AM
February 21, 2011
GE and Transnet Celebrate Introduction of First AC Diesel-Electric Locomotives to South Africa
ERIE, Pa. & PRETORIA, South Africa--(BUSINESS WIRE)--During a trackside ceremony today outside Pretoria GE South African Technologies (GESAT), GE Transportation's entity in South Africa, and Transnet Limited celebrated the introduction of the first two of 100 new GE locomotives for South Africa.
Posted by StaffWriter at 9:42 AM
August 25, 2010
Imperial's Outstanding Results And Strongest Balance Sheet In Recent Years Position The Group For Growth
- HEPS from continuing operations up 40% to 976 cps
- Operating profit up 34% to R 3 288 million
- Revenue 2% up to R 53 438 million
- Cash Conversion Ratio 119%
- Debt down from R10,2 bn to R8,3 bn; net debt:equity (excl. prefs) 39%
- Final dividend 200 cents
Posted by StaffWriter at 7:55 AM
July 13, 2010
Imperial Growth Continues Through Strategic Acquisition
IMPERIAL Holdings Ltd (IMPERIAL) today announced another acquisition in pursuit of its stated strategy of expanding the Logistics business into Africa.
IMPERIAL has submitted a firm intention offer to acquire 100% of CIC Holdings Limited (CIC), for R723,779,792, for 252,188,081 CIC shares, equaling R2.87 per share.
Posted by StaffWriter at 10:51 AM
June 10, 2010
Transnet top-line profits up 9.2 percent
Transport parastatal Transnet on Thursday reported a 9.2 percent increase to R14.4 billion in top-line profits (EBIDTA) for the year ended 31 March 2010 despite the negative impact of the global economic downturn on demand for commodities, containers and freight volumes and an adverse effect of a tariff decision by Nersa.
Posted by StaffWriter at 9:45 AM
January 5, 2010
Endress+Hauser SA - 25 years of innovation
Anniversaries should be celebrated, as was the case just recently when Endress+Hauser South Africa toasted its 25th. Over the past 25 years the 'People for Process Automation' have developed from a niche provider of level instruments sold via an agency, to a R250 million Broad Based Black Economic Empowerment (BBBEE) company that sets a standard for automation in South Africa.
Posted by StaffWriter at 11:35 AM
December 18, 2009
GE Transportation to Supply 100 Locomotives to Transnet Limited in South Africa
NewswireToday - /newswire/ - Johannesburg, South Africa, 12/18/2009 - GE South African Technologies (GESAT), GE Transportation's entity in South Africa, announced today that it has signed a landmark contract with Transnet Limited to supply Transnet Freight Rail (TFR) with 100 locomotives (NYSE: GE). | |||
Posted by StaffWriter at 11:31 AM
December 4, 2009
Barloworld's Shongwe in union-BEE storm
A TRADE union has accused Barloworld Logistics Africa CEO Isaac Shongwe of abusing his position as trustee of its investment trust to cash in on its empowerment deals.
Posted by StaffWriter at 2:03 PM
November 27, 2009
Tenders fuel Transnet fire
Transnet has been accused of awarding lucrative tenders to companies with links to its current and former board members.
Posted by StaffWriter at 1:08 PM
November 9, 2009
IMPERIAL Logistics Acquires Stake in Forward Thinking Pragma
Johannesburg, South Africa, 9 November 2009 - IMPERIAL Logistics today announced that it has acquired a 36% stake in Pragma Holdings, with various professionals who are members of Pragma's management owning the balance. The acquisition strengthens the industrial services capabilities in physical asset management services of IMPERIAL.
Posted by StaffWriter at 9:09 AM
October 20, 2009
Imperial Logistics Wins Logistics Achiever Enviro Award
Johannesburg, South Africa, 20 October 2009 - Imperial Logistics today announced that it has won a Logistics Achiever Enviro Award for its 'contribution to environmental initiatives for the research and analysis of transport environmental issues' at the Logistics Achiever Awards.
Posted by StaffWriter at 1:44 PM
October 12, 2009
Imperial Logistics Completes Two Strategic Acquisitions
Imperial Logistics Transport and Warehousing strengthens its service offering and reach
Johannesburg, South Africa, 12 October 2009 - Imperial Logistics recently announced the acquisition of two strategic logistics service providers. Imperial Logistics acquired a 60% stake in Express Hauliers (Pty) Ltd and 70% in Logistical Transport Services (Pty) Ltd. These acquisitions have extended its logistics service offering and customer base, while strengthening relationships with existing customers as a result of additional synergies.
Posted by StaffWriter at 9:56 AM
September 30, 2009
Imperial continues its development with the launch of a new brand
Imperial companies brought under one consolidated brand - unified by the notion of Fast Moving, Forward ThinkingAt a gala function in Newtown last night, 29 September, Imperial Holdings launched its new brand to 300 of the Group's senior managers.
Posted by StaffWriter at 9:38 AM
July 11, 2009
Transnet faces huge claims
Contractor blames parastatal for woes, writes Buddy Naidu.
Transnet is facing a legal challenge to projects totalling R4-billion that form part of its R80-billion capital expenditure programme.
Posted by StaffWriter at 10:02 AM
June 30, 2009
Uproar over bus closure - commuters and drivers face dilemma
COMMUTERS in Durban are about to face a transport crisis since many of them might be left stranded or forced to seek alternative transport when the Remant Alton buses cease operations in the city.
Posted by StaffWriter at 10:33 AM
June 8, 2009
Cargo Carriers Shows BEE At Best
CARGO Carriers, the specialised transportation and logistics company, recently achieved a third place ranking in the Transport Division of the 2009 Top Empowerment Companies (TEC) survey, as well as the highest Preferential Procurement score (17.83%) of the top five companies listed in the division.
Posted by StaffWriter at 8:10 AM
April 3, 2009
5th State of Logistics Survey Launched
Highlighting
critical change necessary in the local logistics and supply chain industry
3 April 2009, Johannesburg,
The Council for Scientific and Industrial Research (CSIR) and Imperial Logistics (a division of Imperial Holdings) today launched the 5th annual State of Logistics Survey.
Posted by StaffWriter at 8:30 AM
February 23, 2009
Grindrod inks sizable BEE deal
Johannesburg - Grindrod has concluded a R274 million broad based black economic empowerment (BBBEE) transaction, the JSE listed shipping and logistics business said on Monday.
Posted by StaffWriter at 7:05 AM
Grindrod announces R274-million BEE deal
Grindrod has concluded a R274-million broad-based black economic empowerment (BEE) transaction, the JSE-listed shipping and logistics business said on Monday.
Posted by StaffWriter at 7:03 AM
February 3, 2009
Imperial Logistics Steps Up Broad-Based BEE to Level Four
Imperial Logistics offers customers 125% Procurement Recognition
Johannesburg, South Africa, 4 February 2009, Imperial Logistics is delighted to announce its new Level Four (4) Broad-Based Black Economic Empowerment (BBBEE) rating received from NERA Verification Agency in December 2008 after a second official assessment and verification. Imperial Logistics also qualifies as a Value-adding Supplier with an enhanced Procurement Recognition Level of 125%.
Posted by StaffWriter at 11:54 AM
January 12, 2009
Imperial update and outlook for 2009: Hubert Brody - CEO, Imperial
ALEC HOGG: Imperial chief executive Hubert Brody is with us in the studio. Imtiaz Ahmed, our market commentator tonight, has also come in. Imtiaz, if you back for the last six months of last year, you'll probably find that, if you were to calculate the Top 40 shares, Imperial probably beats the rest of them because it's up 28% in the last six months.
Posted by StaffWriter at 11:05 AM
November 18, 2008
Barloworld sells Scandinavia units to focus on SA market
Barloworld has decided to dispose of its Avis and Budget car rental units in Scandinavia.
Posted by StaffWriter at 8:16 AM
November 17, 2008
Southern Africa showing signs of resilience, as Barloworld prepares for difficult '09
JSE-listed diversified industrial group Barloworld warned on Monday that trading conditions had deteriorated as the financial crisis spilled over into the real economy, adding that the outlook for 2009 was uncertain.
Posted by StaffWriter at 11:40 AM
Construction boosts Barloworld
Johannesburg - Industrial brand management company Barloworld has delivered a solid operating performance for the full year, the group said on Monday.
Posted by StaffWriter at 10:07 AM
September 26, 2008
When prices fall - directors buy
When the going gets tough, the tough buy shares.
Posted by StaffWriter at 7:14 AM
August 28, 2008
Imperial Logistics International GmbH continues on course of expansion and acquires the Hansmann group
Imperial Holdings today announced the acquisition of Hansmann, an automotive logistics group based in Wolfsburg, Germany. Hansmann serves clients in the motor vehicle manufacturing industry in Germany, and particularly Volkswagen AG which is headquartered in Wolfsburg.Posted by StaffWriter at 9:25 AM
Imperial's BEE blunder
Wednesday's announcement that Imperial (JSE: IPL) will have to write off a further R308m in connection with its BEE deal with Lereko Mobility once again raises questions about its structure.Posted by StaffWriter at 7:14 AM
August 8, 2008
Imperial shores up its BEE deal
IMPERIAL (JSE:IPL) today moved to stave off the possibility of a sell-off of its shares by Lereko Mobility, its BEE partner.Posted by StaffWriter at 7:17 AM
July 31, 2008
Imperial Logistics Announces RP Logistix Acquisition
Imperial Logistics today announced the acquisition of 60% of RP Logistix, extending its service offering to existing and new customers, while growing its business nationally and cross-border into Southern Africa. Ukhamba Holdings, Imperial's BEE partner, acquired a further 20%, with management holding the balance of 20% of RP Logistix.Posted by StaffWriter at 7:39 AM
November 25, 2007
Barloworld boss' big sacrifice
Barloworld chairperson Advocate Dumisa Ntsebeza has forgone an opportunity to really score big from the company's black economic empowerment (BEE) deal over corporate governance concerns.
Posted by StaffWriter at 2:12 PM
November 20, 2007
Barloworld plays quick BEE catch-up
Barloworld, whose lack of transformation was severely criticised by the Public Investment Corporation (PIC) earlier this year, expects to have an effective 25 percent black economic empowerment (BEE) shareholding of its South African operations by the first quarter of next year.Posted by StaffWriter at 1:33 PM
June 26, 2005
Cash boost for Gautrain
Gauteng is set for major capital expenditure ...
Posted by bernievn at 5:32 PM
June 20, 2005
Spoornet must pay up - BEE firm
Black economic empowerment (BEE) ...
Posted by bernievn at 7:42 AM
March 5, 2005
Come clean on BEE, FleetAfrica advised
BHISHO - FleetAfrica needs to come clean and divulge its Black Economic Empowerment ...
Posted by bernievn at 1:10 PM
January 20, 2005
Buy-back offer sends Putco stock 10% higher
Listed transport company Putco's shares jumped 10 percent yesterday, ...
Posted by bernievn at 10:33 AM