For the first time in a decade, the metals and engineering sector has settled a three-year wage agreement without resorting to industrial action, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Wednesday. While none of the parties who signed the agreement are "entirely" happy with the end result, which, after four months of negotiations, resulted in a 7% increase for the current year, effective July 1; a 6.75% increase for the second year; and a 6.5% increase for the third year, they "can live with it". view more

JSE-listed Grindrod intends to unbundle and list its shipping business as a separate entity on the Johannesburg Stock Exchange, as it does not believe that the value of the shipping business is fairly reflected in the Grindrod share price. "We have appointed professional advisers in and outside of South Africa in the fields of shipping, legal and financial to work with us on the unbundling of the shipping business onto an international exchange that supports shipping groups with an inward listing in South Africa," chairperson Mike Hankinson said during the company's half-year financial results presentation on Wednesday. view more

JSE-listed engineering and construction group Murray & Roberts (M&R) said on Wednesday that its "low" order book of R26.9-billion was reflective of tough conditions in the natural resources markets it serves internationally. However, the company described the near- and medium-term outlook as being more promising. M&R reported lower results for 2017 when compared with 2016 and was still emerging from a major restructuring process, which included the sale of its Southern African infrastructure and building businesses to a Southern Palace-led consortium on April 1. view more

Pravin Gordhan, former finance minister and current African National Congress MP, asked Parliament on Wednesday to look into the disposal of assets by the Gupta family as part of its inquest into State capture. Although Gordhan did not mention any names, it can be assumed that he was referring to the Gupta family's sale of media units ANN7 and The New Age newspaper, and most recently Tegeta Exploration and Resources. view more

Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97-billion, it announced on Wednesday. This is the second sale announced by the Guptas this week. They announced on Monday that Oakbay would sell its media assets, broadcaster ANN7 and The New Age newspaper, to a firm set up in June by former government spokesperson Mzwanele Manyi. view more

The South African Civil Aviation Authority (SACAA) is planning to discuss and examine the status of what are known as Air Traffic Safety Electronic Personnel (Atsep) in South Africa. Atseps are the engineering technicians responsible for the maintenance, repair and overhaul of ground-based air traffic navigation aids and communications equipment. Atseps have been the forgotten, or missing, link in the aviation safety chain. Not only the general public, but also the aviation industry and regulators, have thought of aviation safety as involving pilots, air traffic controllers and aviation technicians and mechanics (who maintain, repair and overhaul the aircraft, their avionics and engines). view more

The Competition Tribunal is considering a settlement agreement involving the Association of Electric Cable Manufacturers South Africa (AECMSA), which has admitted to fixing the selling price of electric power cables, largely affecting State-owned power utility Eskom, as well as large industries and municipalities. In 2010, the Competition Commission initiated a complaint against several manufacturers, including AECMSA, for possible cartel activity in the market in the supply of electric cables. view more

Investment holding company Long4Life will acquire Inhle Beverages, a contract packaging business in Gauteng, for up to R360-million in cash and shares. Inhle, which is based in Heidelberg, specialises in the canning and bottling of carbonated soft drinks, mineral water and energy drinks. It is the second-largest beverage contract packaging business in South Africa and has seven production lines, with scope for further expansion. The business employs about 300 people. view more

JSE-listed Transpaco on Wednesday reported an across-the-board year-on-year decline amid challenging economic conditions. "Revenue, operating profit and headline earnings declined as a result of selling price deflation, reduced customer spend and continued softening demand for recycled material," said Transpaco CEO Philip Ableheim. view more

After identifying another Ford Kuga fire risk, Ford Motor Company of Southern Africa is recalling all Kugas built at the Valencia assembly plant in Spain from July 17, 2012 up to and including June 19, 2014.  In the event of a frontal collision, these vehicles have been identified as having a possible risk for a B-pillar fire. view more

The Cox Yeats Labour Team, in conjunction with The People Solutions Company, is ... view more

The July 2017 edition of Business Sense is currently being distributed. It will ... view more

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The 19th edition of the annual African Renaissance Festival was hosted at the In... view more

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The Durban Investment Promotion Authority (known historically as DIPA) now has t... view more