June 18, 2010
VWSA invests R230m
DEPUTY president Kgalema Motlanthe yesterday used the official ribbon cutting ceremony of a new R230million Volkswagen SA parts distribution centre in Centurion to highlight the failings of the automotive industrial sector to adhere to government's broad-based BEE policy.
Posted by StaffWriter at 12:14 PM
April 30, 2010
First Car Rental achieves Top 500 status
First Car Rental, a member of the JSE-listed CMH Group, and a formidable player in the car rental industry, has another acclamation to add to its list, qualifying as one of South Africa's Top 500 businesses.
Posted by StaffWriter at 8:19 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 11, 2009
As a Challenging 2009 Comes to a Close, JHI Looks Optimistically Forward to 2010
What a year it has been! The retail, travel, property and motoring industries will testify to the immense challenges and difficulties 2009 has brought. The commercial property market has possibly been one of the industries most affected, the recession, high unemployment, liquidations, insolvencies and the global economy have all had a direct impact on the market.
Posted by StaffWriter at 7:37 AM
November 16, 2009
Barloworld earnings down by 10%
Industrial group Barloworld posted a 10% drop in annual revenue as a result of decreasing demand for earth-moving equipment this year.
Posted by StaffWriter at 7:36 AM
October 31, 2009
Probe R3bn fleet tender call
THE storm over the awarding of a R3.2 billion government fleet contract for the Eastern Cape took a new turn yesterday.
Posted by StaffWriter at 8:32 AM
October 10, 2009
Port developments position area for growth
Vehicle exports speed up dramatically thanks to R20-million expansion to car terminal.
Posted by StaffWriter at 7:49 AM
July 22, 2009
MEC says city buses will run
TOMORROW is D-Day for a final decision on whether Durban's beleaguered bus service will start running this week.
Posted by StaffWriter at 9:51 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
May 12, 2009
GMSA records a six on BBBEE scorecard
GENERAL Motors South Africa vice-president and legal counsel, Joel Baepi, said yesterday there was still much work to be done in the preferential procurement arena.
Posted by StaffWriter at 12:06 PM
April 23, 2009
Difficult year for CMH
The past year was undoubtedly the most difficult Combined Motor Holdings has experienced, the listed motor retail and car hire company said on Thursday.
Posted by StaffWriter at 7:32 AM
March 23, 2009
Gautrain beats its jobs targets
Tens of thousands of people have landed work through the construction of the Gautrain, and hundreds of companies have benefited through outsourcing contracts.
Posted by StaffWriter at 12:06 PM
March 18, 2009
Operator calls on council to fix buses
Remant Alton, the bus company operating the suspended bus service in Durban and surrounding areas, has called on the Ethekwini municipality to fix the faulty fleet before it could resume service.
Posted by StaffWriter at 8:12 AM
March 17, 2009
Gautrain boosting job market
JOHANNESBURG - Since the beginning of Gautrain construction 11 700 direct jobs had been created and a further 51 500 direct, indirect and induced jobs due to the increased economic activity.
Posted by StaffWriter at 7:56 AM
Gautrain project to create 148 000 jobs in next 20 years
South Africa's R25-million Gautrain rapid-rail link project is expected to create about 148 000 direct, indirect and induced jobs in the next twenty years.
Posted by StaffWriter at 7:53 AM
March 16, 2009
Chapman's Peak report due
A task team investigating the Chapman's Peak Drive private-public partnership governing the toll road will in a week's time submit an interim progress report to Western Cape Premier Lynne Brown, the provincial government said on Sunday.
Posted by StaffWriter at 8:31 AM
March 13, 2009
Durban mayor suspends bus company
DURBAN's mayor Obed Mlaba has suspended the city's privately-run municipal bus service Remant Alton after the company announced today that it would stop bus services in the city.
Posted by StaffWriter at 7:11 AM
March 10, 2009
Transnet corruption damages rail deal
Transnet cancelled a tender to buy 212 locomotives for R6.5 billion because it believed there was a corrupt relationship between one of its officials and one of the directors of Electro-Motive Sibanye, the preferred bidder, according to papers filed in the Johannesburg High Court.
Posted by StaffWriter at 8:06 AM
March 2, 2009
SPV-funded BEE deals are 'sure to fail'
Special purpose vehicles (SPVs) - financial arrangements often used in black economic empowerment (BEE) deals - are unsustainable and do not work but funders continue to use them because of the fees these structures generate.
Posted by StaffWriter at 7:30 AM
February 17, 2009
Cape Manufacturing Engineering approaches IDC for emergency funding
Two subsidiaries of one of the Western Cape's largest engineering firms, Cape Manufacturing Engineering (CME), would face liquidation, unless the group received some financial assistance, nonexecutive chairperson Ewald Wessels said on Tuesday.
Posted by StaffWriter at 3:47 PM
Mashatile lists Gauteng successes
Transport, job creation, crime fighting and service delivery topped the agenda in the State of the Province address, with Premier Paul Mashatile committing to continued improvements.
Posted by StaffWriter at 3:04 PM
February 10, 2009
Probe into Chappies deal
Hard questions about the black economic empowerment (BEE) component of the consortium that won the bid to build and manage Chapman's Peak Drive will be asked by the provincial task team that is probing the entire deal.
Posted by StaffWriter at 7:51 AM
December 22, 2008
Mandela denies link to bus firm
Mandla Mandela, Madiba's grandson, will be consulting his lawyer today in a bid to get his name cleared from any assumed relationship with the SA Roadlink bus company.
Posted by StaffWriter at 1:56 PM
November 23, 2008
Imperial pays BEE bail
Imperial's (JSE:IPL) BEE deal has come dangerously close to collapsing. This is because money was lent to the BEE investors on the condition that Imperial's share price would remain above a certain level.
Posted by StaffWriter at 7:48 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 3, 2008
Transport sector to change
The Integrated Transport Sector Broad Based Black Economic Empowerment Charter will change the face of transport. In ensuring the sector sticks to the government's aims, it will help to spread the country's wealth.
Posted by StaffWriter at 7:46 AM
October 30, 2008
Show pulls investment of R120m to Gauteng
Gauteng and the City of Johannesburg will receive an economic boost from the estimated R120 million that motor manufacturers, vehicle importers and component suppliers have invested in the 2008 Johannesburg International Motor Show at the Nasrec Expo Centre, which opens to the public on Saturday and runs until November 9.
Posted by StaffWriter at 7:25 AM
October 17, 2008
AECI hopes to score with Gautrain station
The high-speed rail link will traverse Modderfontein on the tourist segment of its route from OR Tambo International Airport to Sandton.
Posted by StaffWriter at 7:44 AM
September 5, 2008
Skills shortage in the general aviation industry
The Commercial Aviation Association of Southern Africa (Caasa) CEO Kim Gorringe says that the shortage of skills has almost reached crisis proportion.Posted by StaffWriter at 8:51 AM
August 14, 2008
Radebe praises ACSA's BBBEE spend
TRANSPORT Minister Jeff Radebe praised Airports Company SA's contribution in advancing Broad Based Black Economic Empowerment as he addressed the company's results presentation today.Posted by StaffWriter at 2:44 PM
Praise for airports' BEE spending
Transport Minister Jeff Radebe praised the Airports Company SA's contribution in advancing Broad Based Black Economic Empowerment as he addressed the company's results presentation today.Posted by StaffWriter at 6:58 AM
July 25, 2008
Quality management system builds international accreditation
The five companies that participated in the first, Quality Management System (QMS) cluster through the Automotive Industry Development Centre (AIDC), have completed most of the work required of them.Posted by StaffWriter at 9:20 AM
Sponsorship serves as blueprint for empowering panelbeaters
The Adopt-a-Panel-Shop initiative, aimed at raising the service levels of Black-owned panelbeaters, is set to become a national initiative with the potential to redress racial imbalances in the vehicle repair sector.Posted by StaffWriter at 7:26 AM
June 26, 2008
SIA wins orders in Botswana
SIA Solutions, a BEE airports and aviation technology company, has won a multimillion-rand tender. The contract covers the supply, installation, commissioning and maintenance of non-directional beacons (NDBs) at two Botswana airports.Posted by StaffWriter at 1:04 PM
June 19, 2008
Smart card BEE firm 'wholly white-owned'
The provincial standing committee on finance and economic development has strongly questioned the BEE structuring of the company that won the bid to turn public transport into a cashless and safer system ahead of the 2010 World Cup.Posted by StaffWriter at 1:10 PM
June 11, 2008
MTC boss focuses on growth
The head of the Metropolitan Trading Company is keen on helping informal traders and public transport operators learn new skills so that they can gradually grow into the formal economy.Posted by StaffWriter at 10:30 AM
April 30, 2008
Failed BEE deal crashes Nationwide
Domestic airline Nationwide has closed without warning as a result of the soaring oil price and the collapse of a black economic empowerment (BEE) deal under which the African General Equity Group (AGE) was expected to take over 51 percent of the domestic airline.Posted by StaffWriter at 12:05 PM
March 7, 2008
Gautrain reaches speeds of R3m per hour
The Gautrain project is costing R3-million an hour, 24 hours a day. So said Barbara Jensen, spokesperson for Gauteng Province on the Gautrain at an update on the construction of the rapid-rail link.Posted by StaffWriter at 9:15 AM
Key challenges ahead for SA as power shifts in global auto sector
South Africa should position itself as a key location for growth in the global automotive industry, National Association of Automobile Manufacturers of South Africa president and Toyota CEO Johan van Zyl said at the weekendPosted by StaffWriter at 7:44 AM
January 28, 2008
Medu Capital makes Elite investment
Medu Capital, has bought a 25,7% equity interest in Elite Truck Hire - thereby securing Elite Truck Hire's empowerment credentials.Posted by StaffWriter at 1:46 PM
December 4, 2007
Dicoll Interactive, IER sign strategic partnership
Locally-owned company Dicoll Interactive and IER have entered into a strategic partnership for the supply and implementation of self-service solutions to government and corporations in South Africa.Posted by StaffWriter at 11:30 AM
November 29, 2007
Bombardier Transportation forms alliance with Kagiso, J&J Group
Bombardier Transportation, which will supply the Gautrain fleet, has signed an alliance with two black economic enterprise (BEE) investment and industrial companies, Kagiso Trust Investments and J&J Group, it said on Thursday.Posted by StaffWriter at 7:37 AM
November 28, 2007
German chancellor honours commitment - Endress+Hauser
Endress+Hauser believes that training is the key to the future development of the South African economy and actively supports this initiative in the field of industrial automation.Posted by StaffWriter at 7:36 AM
November 27, 2007
Comair puts BEE ball in State's court
Comair has submitted a 1000-page response to the employment equity complaint by the department of labour, the airline's lawyer said on Tuesday.Posted by StaffWriter at 7:41 AM
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
December 1, 2005
Road-freight company to be privatised
Transnet formed Freightdy-namics in April 2000 when it decided there was need for a road-transport division within the group to provide focused road-transport and related services to both Transnet and external customers...
Posted by Bernie at 2:51 PM
November 23, 2005
Gauteng plans R50bn spending on infrastructure
THE Gautrain project represents less than half the Gauteng government’s R50bn budget for infrastructure in the next five-years...
Posted by Bernie at 12:55 PM
