[Paddy Hartdegen] Finance Minister Pravin Gordhan has set aside R25-billion that will be spent over the next six years to bolster the manufacturing sector. The announcement was contained in Gordhan's Medium-Term Budget Policy Statement released on Tuesday, 25 October 2011.
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A two-day customer-showcase, held in Johannesburg by engineering components manufacturer and distributor Bearing Man Group (BMG), highlighted the company's product and service divisions, namely - bearings, seals, power transmission, drives, hydraulics, belting, fasteners, electronics and technical services, reports Engineering News.
Read more >>Engineering News reports that local wind power company Isivunguvungu Wind Energy Converter (I-WEC) unveiled a 42-t mould that would be used to locally manufacture Africa's first multi-megawatt wind turbines. Arriving by ship from China, the mould will be used to manufacture 50m long rotor blades - larger than the span of an Airbus wing. At 2.5-MW, I-WEC's turbines would be nearly double the size and capacity of the 1.3-MW turbines currently in use in South Africa.
Read more >>Tripp Lite, a manufacturer of power protection and infrastructure equipment, has reinforced its strategic partnership with Westcon SA, an ICT distributor in South Africa, with the signing of Critical Application Partner (CAP) service contracts for its region.
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Higher crude oil prices have helped the South African national oil company, PetroSA, to record R831 million in net profits, reports AllAfrica.com. PetroSA said it had reversed its negative annual results and recorded R831 million in net profits and R10.5 billion in revenues - up from R8 billion in 2010.
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Business Day reports that the South African Commercial, Catering and Allied Workers Union (Saccawu), which is opposing the R16,5bn merger of US giant Walmart with SA's Massmart, appears to be taking a softer line in the final day of the Massmart hearing in the Competition Appeal Court, suggesting that strenuous conditions be set if the merger went ahead.
Read more >>SA Instrumentation & Control, the official journal of the Society for Automation, Instrumentation, Measurement and Control (SAIMC), reports that feed milling equipment provider Techmach has improved its machine control using state-of-the-art automation technology supplied by Beckhoff Automation's South African office.
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NEW YORK, US: During the past decade, automobile manufacturers have experienced a steady decline in customer loyalty for specific brands. This change signals the need for a new approach to marketing automobiles in the future, according to a new survey conducted by GfK Automotive.
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