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Investing in long-term sustainability

Dirk Meyer, managing director of Corobrik, says the company has weathered the financial storm of the past 3 years extremely well. Meyer recently announced the appointment of two new black directors at Corobrik “At our December 2010 board meeting Bertha Zwane, Corobrik centre manager at Lawley, and Nomvuyo Mkhefa, assistant factory manager at Emalahleni, were appointed Corobrik directors. The influence of these two women, both of whom have had many years of experience in the business, will add to the already wide pool of knowledge and experience available at Corobrik.”
today11 Oct 2010

Leading infrastructure group reports a healthy project pipeline

In September The Aveng Group announced its annual results for the year to end June 2010, reporting revenue of R34 billion, up 1% on 2009, and an operating profit of R2.1 billion.
today17 May 2012

Building and construction show helps companies gear up for growth

While the immediate outlook for the South African construction industry remains challenging, companies are indicating a steady growth in orders indicating a mild recovery in the local construction industry. 
today24 Jul 2012

Building Confidence Increases Marginally but the Immediate Outlook Remains Challenging

Building confidence amongst building contractors, manufacturers of building materials and quantity surveyors has increased marginally. However the immediate outlook for the South African construction industry remains challenging.  Even though some companies are reflecting a steady growth in orders, the industry is still hurting from a three-year battle between companies competing to win work for low-priced projects. The increased supply of construction workers, and a lack of demand for construction projects, has resulted in increasing competition between firms. Margins are being squeezed to almost zero. 
today24 Jul 2012

Sassda AGM 2012

The Southern Africa Stainless Steel Development Association held its annual AGM in July this year. Bill Scurr, newly appointed Executive Director, opened the meeting with a reminder that the association’s purpose was “to provide a platform for Sassda members to collectively promote the sustainable growth and development of the industry, with the main emphasis on stainless steel converted within the South African economy”. Bernard Maguire, the chairman of Sassda’s board, summed up the challenges and opportunities facing the stainless steel industry in the past year.  “The manufacturing sector of the South African economy grew by 2.4% in 2011, according to the African Economic Outlook and the sector got off to a strong start in the first quarter of 2012 with real value added growing by 12.8% quarter on quarter at an annualized rate.”