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Industry News

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Bell reports strong H1 results, remains bullish on South African market

JSE-listed Bell Equipment achieved a 6% year-on-year increase in revenue to R3.7-billion for the six months to June 30. Headline earnings a share increased by 10% to 131c and an interim dividend of 20c was declared. Powered by WPeMatico

Hyprop ‘ahead of the market’ with total dividend of 756.5c a share for FY18

JSE-listed real estate investment trust (Reit) Hyprop continued to deliver strong growth in a tough economic environment, with a total dividend a share of 756.5c declared for the financial year to June 30. This growth was 8.8% higher than in the prior financial year, the company said on Friday. Powered by WPeMatico

NBF appoints acting CEO

New Partnership for Africa’s Development Business Foundation (NBF) Africa infrastructure desk programme manager Peter Varndell will assume the role of acting CEO of the organisation, following Lynette Chen’s resignation in June. NBF rail project manager Kudzanayi Bangure has assumed the role of NBF infrastructure desk programme manager. Powered by WPeMatico

Waste gas fuels smelter

A gas processing plant, built by backup and continuous power solutions provider Diesel Electric Services, in Boshoek near Rustenburg, has achieved over 45 000 lost-time injury-free hours in its first year of operation. The project –  which started in January 2016, and took about 16 months to complete – cost R130-million. It was negotiated with […]

Radar Optiwave aids measurement

Industrial instrumentation solutions manufacturer and supplier Khrohne says the use of radar has expanded into various sectors. Powered by WPeMatico

Politics hamper African airlines’ growth potential

The African airline sector has significant potential for growth, but it is not growing sufficiently because of various issues, such as stringent regulatory frameworks, says flag carrier airline Air Mauritius Southern Africa and Latin America regional GM Carla da Silva. Government policies in African countries are playing a major role in undermining growth in the […]