The Kagiso purchasing managers index (PMI) improved to 47,6 points in October, up from 45,9 points in September, with Kagiso Securities head of fixed income Andre Coetzee saying that South Africa?s manufacturing output is moving back towards expansionary territory.
While the domestic manufacturing sector continued to lag international developments, a sustained improvement in global prospects should in the foreseeable future contribute to a return to growth for the local manufacturing sector, Coetzee highlighted.
Barely a month goes by without some new energy or mineral deal being struck between China and an African nation. These deals have transfixed the West, but China gets far more from the relationship than raw resources.
Africa offers China two important things -- a chance to earn the global respect it believes it deserves in recognition of its growing economic clout, and friends who do not judge it, or who at least have little reason to directly fear China's rise.
Civil engineering group Protech Khuthele increased revenue by 24% to R426-million for the half-year ended August 31.
This growth flowed mainly from increasing volumes of work.
The strained private sector made up only 8% of the company's income for the period, with mining at 48% and infrastructure at 44%.
Oil rose above $77 a barrel on Monday, retracing some of the previous session's 3,6% drop, as bullish manufacturing data from China helped to allay fears about the pace of the rebound in global energy demand.
However, analysts said nagging concerns about the economic outlook would limit oil's gains.
Ethiopia wants to emulate Brazil by developing biofuels to cut its dependence on oil imports that cost the Horn of Africa nation more than a billion dollars a year, a government official said
Ephrem Hassen, coordinator of biofuels development in the Ministry of Mines and Energy, told Reuters in an interview that Ethiopia was developing biofuel crops on more than half a million hectares of arid land.
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Nominations ECSA PAC and EPAC
SAIIE needs to reconfirm our nominations for the ECSA PAC (Professional Advisory Committee).
Members who are interested in serving on this committee, please send an e-mail to Henk van Tonder.
To qualify, you need to be:
ECSA registered Professional Engineer
A member of SAIIE
Nominations need to reach Henk by 3 February.
For more details and a list of our current representatives, refer to the attached communication from ECSA.
As a service to SAIIE members, the SAIIE website will now list Vacancies in the Career Development section of the site. All members will also receive an e-mail on a roughly bi-weekly basis, with new vacancy information.
This service is initially provided at no cost to our community.
Go have a look here - there are already quite a few vacancies listed!
Last Updated on Tuesday, 31 March 2009 13:48
SAPICS Site Visit - Goldfields
SAPICS and SAIIE are committed to the continued development of professionals in the supply chain industry. SAIIE members can attend the Supply Chain Professional Development Breakfasts hosted by SAPICS in 2009 for FREE.
We invite you to join Imperial Logistics, Cargo Planning & Distribution and SAPICS to a practical site visit and tour of a warehousing facility.
You will witness all aspects of warehousing elements, from picking to loading to distribution, from one of the leading Warehousing companies in the country. This will be preceded by a short presentation and background to the facility.
Drinks and light snacks will be served, and there will be an opportunity to interact with the presenters and colleagues after the Tour.
Supply Chain Professional Development Breakfast 26 February
SAPICS and SAIIE are committed to the continued development of professionals in the supply chain industry.
We are happy to announce that SAIIE members can now attend the Supply Chain Professional Development Breakfasts hosted by SAPICS in 2009 for FREE. The first event takes place on 26 February 2009 and is titled "Supply Chain Planning - Art or Science?"
