4 Jun 2013

Manufacturing

Rhino poacher gets 11 years

... and there are many of us out there who wish Abel Mashabane had got more than 11 years in prison for poaching. As a fan of even numbers, I think 22 years has a nice ring to it.

GMOs must go... that's the message from protestors calling for a ban on genetically modified products. Monsanto was their target last weekend when hundreds of activists and lobbyists turned out for a protest at the company's head office in Fourways, Johannesburg.

He's a real man, but that didn't manage to get rhino activist, Steve Newman past the powers-that-be organising the Cape Argus Pick n Pay Cycle Tour; they have banned him from the race. However anyone wishing to support Newman, complete with his horn and very little else, can catch an eyeful, and give him support, when he "does" Daisies.

For crying out loud, it's a noble call, but when Labour Minister Mildred Oliphant calls on the unions to respect workers' rights, you just know she's on a beating to nowhere.

Let's face it... Have you ever heard of any union in this country ever admitting to their members being violent? Non-striking workers are intimidated, beaten and all-too-often killed, but it is never the fault of the union to which the worker/s belonged who have been guilty. It's always the other unions' members.

And finally, for all you petrol heads out there, our tame motoring editor Henrie Geyser, who has never been known to put the Cartier before the horse, reckons the new Kia Cerato is a Cartier Korean.

Rod Baker, Content Director

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Weekly top stories

Sumitomo acquires Apollo Tyres
Apollo Tyres recently announced that Sumitomo Rubber Industries (SRI) is to take over Apollo Tyres South Africa (ATSA) including the Ladysmith passenger car tyre plant. The two entities have said that there would be no jobs lost in the entire process. Read more >>

Manufacturing
Denel employees held hostage, now released
Three of the 12 Denel employees who were taken hostage in southern Senegal have been released. Denel will work with international agencies to secure the freedom of the remaining nine workers. Read more >>

Sumitomo acquires Apollo Tyres
Apollo Tyres recently announced that Sumitomo Rubber Industries (SRI) is to take over Apollo Tyres South Africa (ATSA) including the Ladysmith passenger car tyre plant. The two entities have said that there would be no jobs lost in the entire process. Read more >>


Manufacturing
Hard times for retailers as spending falls
[Zeenat Moorad] Food inflation and increases in the price of petrol and municipal services will continue to "burden consumers' disposable income‚ while economic growth and household spending is likely to remain sluggish", Pick n Pay chairman Gareth Ackerman warned in the group's annual report on Monday (3 June). Read more >>

Ramaphosa prepares for Shanduka exit
[Allan Seccombe] Shanduka Group is preparing itself for life after its executive chairman, Cyril Ramaphosa, steps down and is looking for opportunities to grow three core areas of its business. Read more >>

Rex Trueform's earnings in tatters
Rex Trueform Clothing Company advised on Monday (3 June) that it expects headline earnings per share and earnings per share for the twelve months to June to be at least 160% lower than those last year. Read more >>

New car sales up 7.5% in May
Sales of motor vehicles surprised analysts in May and figures compiled by the National Association of Automobile Manufacturers of SA (Naamsa) and released by the Department of Trade and Industry (DTI) indicated on Monday (3 June) that sales had risen 7.5%. Read more >>

Rainbow looking for Zambia's pot of gold
[Zeenat Moorad] Following its acquisition of a stake in Zam Chick from Zambian agricultural producer Zambeef‚ Rainbow Chicken on Thursday (30 May) said it had reached an agreement with Zambeef to establish a joint hatchery operation for the supply of day-old chicks. Read more >>

PPI increases by 5.4% in April
The annual percentage change in the producer price index (PPI) for final manufactured goods was 5.4% in April compared with 5.7% year-on-year in March‚ Statistics SA figures showed on Thursday (30 May). Read more >>

Minister moans about Asia's import tariffs
[Paul Vecchiatto] Agriculture‚ Forestry and Fisheries Minister Tina Joemat-Pettersson has bemoaned the fact that non-tariff barriers in some Asian countries are hindering SA's exports of agriculture‚ forestry and fisheries products. Read more >>

Protestors call for ban on GMOs
Seed producer Monsanto should be stopped from "forcing" genetically modified products on South African consumers, say protesters even though the company assures consumers its products are "thoroughly reviewed" and safe. Read more >>

Strong African growth shelters Nampak
[Mark Allix] Rapid growth in the rest of Africa's markets led Nampak's results for the six months to March as the company reported an increase in trading profits of 39% and margins in Africa, excluding SA‚ rose to 15.9%. Read more >>


International

Japan offers US$10bn to Africa
TOKYO, JAPAN: Japan has pledged at least US$10bn in aid to Africa for the next five years as Tokyo prepares to host a major development conference for the resource-rich continent. Read more >>

Mercedes recalls 6,000 A-class cars
BERLIN, GERMANY: Mercedes-Benz is recalling about 6,000 of its new A-class cars because of a possible flaw in the cover of the passenger-side airbag unit, the German luxury car manufacturer said on Tuesday (28 May). Read more >>

Nike 'lances' support for Livestrong
LOS ANGELES, USA: Nike has decided to stop making products for disgraced cyclist Lance Armstrong's cancer charity Livestrong, but will still support the group financially, the company said on Tuesday (28 May). Read more >>

US weapons plans downloaded by China
WASHINGTON, USA: US officials and defence firms have concluded that Chinese hackers have breached networks containing designs of many advanced US weapons systems, the Washington Post reported Tuesday (28 May). Read more >>

More International


Africa

O3b transforming Africa's internet
Google's plans to provide telecommunications connectivity across the African continent are gaining momentum as O3b Networks plans to launch four satellites next month that will provide high-speed connectivity in emerging markets. Read more >>

More Africa


Government

Code of conduct for suppliers coming
[Linda Ensor] All suppliers active within the consumer goods and services industry will have to comply with the industry code of conduct and ombudsman scheme, once it is approved by Trade and Industry Minister Rob Davies. Read more >>

More Government news


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