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Articles in category: Capital Equipment
South Africa’s state railway agency faces a courtroom battle over its choice of an Alstom SA-led group as preferred bidder for a 51 billion rand ($5.6 billion) contract after a rival candidate appealed the award. Dudula Rail (Pty) Ltd, a bidding group controlled by Bussnang, Switzerland-based Stadler Rail AG, has asked for a review of the decision by the Passenger Rail Agency of South Africa to appoint Alstom, Kerry Williams, a lawyer at Johannesburg-based Webber Wentzel, which is representing the rail agency, said in an e-mailed response to questions yesterday. “Dudula has set the urgent interlocutory application down ...(Read Full Article)
The China Development Bank will loan South African logistics group Transnet about $5 billion (R46 billion) to revamp its ageing railways, which transport commodities including coal and iron ore, a source close to the deal said on Tuesday. “The figure may go up or down and it is a loan,” the source said, but asked not to be named. “The money will be used for railway infrastructure.” The deal was reached before a summit of the leaders of the emerging market powers BRICS - Brazil, Russia, India, China and South Africa - opened in Durban on Tuesday with a goal of helping ...(Read Full Article)
State-owned freight and logistics company Transnet is due to spend more than R1bn on research and development (R&D) over the next seven years, Group CE Brian Molefe said on Monday. Transnet is on the verge of rolling out a R300bn capital development programme, but Mr Molefe said "we are not going to do them (the capital rollout) in the same way as 50 years ago" when Transnet built the now-existing infrastructure, "technology has taken over." He was speaking in Johannesburg at the signing of a three-year memorandum of understanding with Council for Scientific and Industrial Research (CSIR) CEO Sibusiso ...(Read Full Article)
Caterpillar, the world's largest maker of construction equipment, posted a 55-percent drop in quarterly profit on Monday and set a cautious tone for the year, citing weak demand and oversupply. Executives at the company, which last year slashed production to reduce inventory, balanced their optimism on recent improvements in US housing starts with concern about China's slowing growth, the US deficit and eurozone instability. However, investors took heart in Caterpillar's 2013 profit forecast of $7 to $9 per share..................(Read Full Article)
South Africa has leapfrogged India’s embattled iron-ore industry to become China’s third-biggest supplier of the key ingredient to make steel, despite labour problems at Kumba Iron Ore late last year. Iron-ore exports from South Africa to China rose 12% to 40.6-million tons last year compared with 2011. Indian sales to China fell by nearly 55% to 33-million tons over the same period as Indian authorities clamped down on the industry.
The Passenger Rail Agency of South Africa (Prasa), the operator of commuter rail service Metrorail, has selected Gibela Rail Transportation (a consortium made up of Alstom and local company Actom) as its preferred supplier of rolling stock for its fleet renewal programme.(Read Full Article)
Barloworld says it delivered "a very pleasing result" for the year to September, with operating profit up 31% and headline earnings per share increasing by 46%. It says the group’s equipment businesses in Southern Africa and Russia achieved record deliveries to mining operations, while its automotive and logistics unit saw strong results in all trading segments.
The wave of unprotected mining strikes, which finally appear to be ending, were likely to remain a drag on South Africa’s already embattled manufacturing sector for at least the coming quarter and possibly beyond, the Manufacturing Circle warned on Thursday. In releasing its third-quarter bulletin, the organisation – which has grown to represent 73 large, medium and small enterprises across the manufacturing spectrum, from metal fabricators and electrical equipment firms, to clothing, pharmaceuticals and food producers – indicated that business conditions were already fragile, owing to weak domestic and export markets.(Read Full Article)
The developers of the 138 MW Jeffreys Bay wind farm, in the Eastern Cape, as well as a 50 MW solar photovoltaic (PV) project in De Aar and the 50 MW solar PV farm in Droogfontein, both in the Northern Cape, expect to begin construction soon and say all projects should be fully operational by mid-2014. Collectively the projects will produce 635 GWh of electricity yearly, which the developers estimate to be sufficient to supply up to 48 000 households.
All three projects were named as part of the first batch of 28 preferred projects unveiled following the first bid ...(Read Full Article)
Industrial group Barloworld [JSE:BAW] said on Wednesday it expected its headline earnings per share in the year ended September 2012 to rise by between 40% and 50%‚ from 465 cents in the same period a year ago. The news pushed the shares over 2% higher on the JSE, with the counter last changing hands up 2.2% at R74.26 . It said Equipment Southern Africa delivered “record” sales of large mining equipment to customers‚ contributing to growth in operating profit.
International rail equipment manufacturer Bombardier Transportation reports that its tender to supply metro coaches to the State-owned Passenger Rail Agency of South Africa (Prasa) embraces full localisation from day one – a commitment premised on an immediate ramp-up of local manufacturing, engineering and servicing rather than a phased approach involving initial importation. During a visit to South Africa, global president for services Laurent Troger indicated that the group had already deployed similar immediate localisation templates in countries such as India and Brazil and that it was confident the model could be replicated in South Africa.(Read Full Article)
The government should drive economic growth by procuring from local manufacturers instead of importing goods, Numsa said on Thursday. “We have manufacturing capacity in this country and we believe that aggressive economic stimulation is important to fight poverty and unemployment,” said the National Union of Metalworkers of SA (Numsa). It was reacting to reports that a consortium led by a Chinese manufacturer had been announced as the successful bidder to supply 95 dual-electric locomotives to Transnet.(Read Full Article)
Transnet executives have until February to present the board with a plan that will outline specific projects meant to boost the scope of long-term capital investment. Transnet is on the verge of rolling out a multibillion-rand capital development programme. In August, Public Enterprises Minister Malusi Gigaba announced a new financing unit in his department to seek out "innovative funding models" to expand the investment programmes of state-owned companies such as Transnet and Eskom.(Read Full Article)
Swiss passenger train company Stadler bids to supply coaches to state-run Passenger Rail Agency of South Africa. The privately held company is looking to use South Africa as a base for expanding its business in the rest of Africa, should it succeed in its bid to supply coaches to the state-run Passenger Rail Agency of South Africa (Prasa) under its R123bn rolling stock renewal programme.
Companies competing with Stadler for this contract include Alstom, Bombardier, China South Rail, China North Rail and CAF.(Read Full Article)
A consortium led by a Chinese manufacturer is the successful bidder to supply 95 dual-electric locomotives for Transnet, as part of its long-term renewal programme. CSR Zhuzhou Electric Locomotive would get 70% of the deal and 30% would go to South African consortium Matsetse Basadi. "This tender is historic," Public Enterprises Minister Malusi Gigaba told reporters at Transnet Freight Rail’s Capital Park depot in Pretoria. The first 10 locomotives will be assembled in China and delivered by December 2013.(Read Full Article)
The State-owned Passenger Rail Agency of South Africa (Prasa), which is at the beginning stages of a multibillion-rand fleet procurement process, has officially launched the black–empowerment portion of the project, through which a 30% role has been set aside for participation by black investors, workers and industrialists. The broad-based black economic-empowerment (BBBEE) request for proposals (RFP) has been separated out from the tender for the design, manufacture and maintenance of new commuter trains for delivery from, 2015 and the BBBEE tender documentation is currently available for a fee of R5 000.(Read Full Article)
Although South Africa has been chosen to host the greater part of the €1.5-billion international Square Kilometre Array (SKA) radio telescope, two key agreements still have to be signed, SKA South Africa director Dr Bernie Fanaroff pointed out on Monday night. These are the hosting agreement and the funding agreement.(Read Full Article)
Following the opening of the bidding process on April 19, the request for proposals phase of the Passenger Rail Agency of South Africa’s (Prasa’s) multibillion-rand fleet renewal programme, officially closed on Sunday.(Read Full Article)
Suppliers to embattled platinum producer Lonmin are keeping tabs on how soon the company’s Marikana mine near Rustenburg in the North West will resume production. The mine, which was the scene of unrest that culminated in the killing of 44 people last month, has been idle for more than three weeks as striking miners are refusing to return to work until their demand for higher wages is met.(Read Full Article)
Transnet spent R2.4 billion on maintenance and repairs to its freight rail system in 2011/12, and is set to spend the same again in this financial year, says Public Enterprises Minister Malusi Gigaba. In a written reply to a parliamentary question, tabled on Wednesday, he said eradicating the state freight logistics group's total maintenance and repair backlog was likely to take another decade.(Read Full Article)
BHP Billiton flush with 20 projects under way, foresees no new commitments in 2013. With 20 major projects currently in execution — with a combined budget of $22.8bn — the group was largely committed for the 2013 financial year, CEO Marius Kloppers told a presentation of the group’s results on Wednesday.(Read Full Article)
Oil companies could fork out as much as R39bn to upgrade the country’s crude oil refineries in preparation for the switch to cleaner fuels, according to the South African Petroleum Industry Association (Sapia).The magnitude of the investments could see the industry look to the government for a mechanism to recoup the costs.(Read Full Article)
Tyre manufacturer Continental Tyre South Africa (SA) has installed a new R109-million mixer at its Port Elizabeth tyre plant. The ribbon on the mixer installation, which is about 30 metres, or 10 storeys high, was cut by Nikolai Setzer, member of the executive board, tyre division of the European Continental group.(Read Full Article)
- South Africa has significant technological capacity in its mining equipment and services sector that should be nurtured and enhanced through supportive government policy, a recently published academic paper argues. But it also warns that prevailing government policy does little to mitigate existing constraints to the sector’s growth and fails to fully recognise its potential contribution to economic development. (Read Full Article)