15:24 (GMT+2), Thu, Thursday, November 21, 2013
Eastern Cape Finance MEC, Pumulo Masualle, says the recent industrial action in the automotive manufacturing sector had dampened growth prospects in the province.
Presenting his Medium Term Budget Policy Statement and Adjustment Budget in Bhisho on Thursday, Masualle described the economic outlook for the province in the rest of the 2013/14 financial year as moderate.
He said that over the "over the past five years ... read more
16:29 (GMT+2), Mon, Monday, September 02, 2013
In amplification of the new vehicle sales statistics for the month of August, 2013 – released today for public consumption on the website of the Department of Trade & Industry - the Association commented that the August, 2013 new vehicle sales were largely in line with industry expectations. By virtue of existing inventory levels in the industry, the impact on domestic sales of the current industrial action at the ... read more
11:23 (GMT+2), Fri, Friday, August 02, 2013
Volkswagen South Africa says it recorded its best monthly result in 2013 with sales of 10 613 units.
In July 2013, 40 274 new passenger cars were sold in South Africa, an increase of 8.5% when compared to June 2013 and up by 6.4% against the July 2012 sales.
VW SA says the market results reflect the on-going positive demand for new vehicles.
General Motors says vehicle sales continue to perform at higher than ex... read more
07:38 (GMT+2), Sat, Saturday, July 13, 2013
The Mandela Bay Development Agency has appointed "highly experienced marketing executive Luvuyo Bangazi who has joined the agency from July as their Marketing and Communications Manager."
MBDA says Luvuyo, an inaugural 2011 Top 40 under 40 business achiever, has been a partner and director of the highly successful Port Elizabeth advertising agency, Boomtown, for nearly ten years.
His core objective at the MBDA ... read more
17:02 (GMT+2), Thu, Thursday, July 11, 2013
In a South African first, residents of Nelson Mandela Bay are able to grid connect their renewable energy systems to the national electricity grid.
This, after the Municipality and the National Energy Regulator jointly approving systems of up to 100 kilowats to be grid connected.
Details of the Small Scale Embedded Generation Scheme were unveiled at a joint business briefing by the Nelson Mandela Bay Business Chamber a... read more
16:08 (GMT+2), Mon, Monday, July 01, 2013
NAAMSA COMMENT ON THE JUNE, 2013 SOUTH AFRICAN NEW VEHICLE SALES STATISTICS
In amplification of the new vehicle sales statistics for the month of June, 2013 – released today for public consumption on the website of the Department of Trade & Industry - the Association commented that the June, 2013 new vehicle sales had largely been in line with Industry expectations.
The automotive sector had registere... read more
12:16 (GMT+2), Fri, Friday, June 28, 2013
After 44 years of service,the landmark VW building, situated on Mount Road is undergoing a revamp to the tune of R13 million.
The revamp will boast a new VW Crafter Workshop, be home to the MotoRent division and every floor has been remodeled with new amenities for staff and customers. “We will be back in operation in August,” said Mr. Alan Taverner chairman of Tavcor Motor Group.
The revamp also prepares a w... read more
13:03 (GMT+2), Thu, Thursday, June 27, 2013
Eastern Cape-based motor manufacturer, General Motors South Africa, has announced a major export order.
The company said on Thursday that it had been awarded a R6bn export contract in partnership with component manufacturer Tenneco South Africa, for the supply of catalytic converters to North America.
The programme is a major boost to the Eastern Cape economy and will create and retain employment through various value s... read more
17:03 (GMT+2), Wed, Wednesday, June 26, 2013
The developers of the R1.7bn Bay West Mall, have unveiled plans for a massive ice rink that will be one of the centre-pieces of the upcoming super regional mall.
Speaking at at on on-site media briefing on Wednesday, project principal agent, John Townsend, said the project was progressing well and they remain on track to complete construction by March 2015.
He said negotiations for an ice rink were at an advanced stages,... read more
15:33 (GMT+2), Tue, Tuesday, June 18, 2013
More than 200 delegates and more than 250 farm workers are expected to participate in the 2013 International Mohair Summit.
The international summit is set to take place at the end of October in Jansenville, which is in the heart of mohair country.
The summit programme also includes an investor conference which will provide an opportunity for goverment to engage local and international investors.
Speaking at the media... read more
14:23 (GMT+2), Thu, Thursday, June 13, 2013
Vodacom, has launched what it says is a revolutionary mobile technology - One Net Express.
It says the service, launched country-wide on Thursday, has the potential to save small and medium enterprises millions of rands.
Executive head of network services, Gary Hart, says the One-Net service converges mobile telephone with a land line using one number.
"It's a mobile switchboard on your phone, what that means is ... read more
16:43 (GMT+2), Wed, Wednesday, May 29, 2013
The Maritime Sector was a sector on its own "but is also a key enabler/driver for a whole range of other opportunities", Economic Development, Environmental Affairs and Tourism MEC Mcebisi Jonas said on Wednesday.
Delivering the keynote address at the inaugural Eastern Cape Ports and Maritime Conference in Port Elizabeth, Jonas noted that the role of universities, and NMMU in particular, in enabling this maritime ... read more
16:39 (GMT+2), Wed, Wednesday, May 29, 2013
The Port of Port Elizabeth was being positioned as the leading automotive hub for sub-Saharan Africa, Transnet National Ports Authority CEO Tau Morwe said on Wednesday.
Speaking at the inaugural Eastern Cape Ports and Maritime Conference in Port Elizabeth, Morwe said that just over R2.1 billion that would be invested in the port over the next seven years would see the automotive terminal relocated to the southern precinct o... read more
16:30 (GMT+2), Wed, Wednesday, May 29, 2013
The Port of Ngqura was "the fastest growing port in the world" over the 12 months to February this year, Transnet Port Terminals CEO Karl Socikwa said on Wednesday.
Speaking at the inaugural Eastern Cape Ports and Maritime Conference in Port Elizabeth, the CEO said that the port had grown at the rate of 84.5% compared to the 62.1% of second placed Gdansk in Poland.
Socikwa said that the port had "more than... read more
13:15 (GMT+2), Wed, Wednesday, May 08, 2013
The Coega Industrial Development Zone received another investment boost on Wednesday with the turning of the sod for a R300m air separation plant.
Air Products South Africa says the new facility, to be commissioned in the second half of next year, promises a new era of sustainability for the Eastern Cape gas industry.
The state-of-the-art plant, the first in the province, will manufacture and supply industrial and ... read more