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Industrial

WATCH: BMW picks insider Zipse as CEO to catch up with rivals

Jul 21 2019 21:00

BMW has named Oliver Zipse as its new CEO, continuing its tradition of promoting production chiefs to the top job even as the auto industry expands into new areas such as technology and services.

Industrial

WATCH: Boeing to take $4.9bn charge over 737 MAX grounding

Jul 21 2019 09:03

Boeing says it's taking a $4.9bn charge to cover compensation to airlines and other costs arising from the grounding of its 737 MAX jets.

Industrial

PepsiCo takes Africa foothold with R24.4bn Pioneer Foods deal

Jul 21 2019 12:33

PepsiCo has agreed to buy South Africa’s Pioneer Foods for about R24.4bn, adding local brands such as Weet-Bix and Ceres fruit juice to ignite a push across the continent.

Industrial

When will Boeing 737 Max fly again? FAA has no timeline

Jul 18 2019 21:35

US aviation regulators have no timeline for returning Boeing’s grounded 737 Max to service and won’t act until they are sure it is safe, the nation’s top transportation official said on Thursday.

Industrial

WATCH: Man who lost family: Boeing put profit over safety

Jul 17 2019 19:50

A man whose family was killed in the crash of a Boeing 737 Max jet in Ethiopia accused the company of wrongful conduct, telling a US House subcommittee that "Boeing should not be allowed to act like a mere investment company."

Industrial

Ford announces 1 200 new jobs at Pretoria assembly plant

Jul 17 2019 14:19

The automaker says it will be adding 1 200 jobs to its Silverton plant in order to meet growing international and local demand for the New Ranger, Ranger Raptor and Everest.

Industrial

Ryanair slashes growth outlook on Boeing crisis

Jul 17 2019 15:32

Ryanair has slashed its growth outlook and said it would temporarily shut bases as crisis-hit Boeing pushes back plane delivery owing to fatal crashes that grounded its 737 MAX jets.

Industrial

EOH to approach police after probe finds evidence of theft, bribery

Jul 16 2019 10:34

The ICT group was giving an update on the findings on the first part of a forensic probe by law firm ENSafrica into possible fraudulent transactions involving the group.

Industrial

Uganda plans $263m vehicle plant with eye on region

Jul 15 2019 19:41

Uganda will invest $40m in the first phase of a $263m vehicle-assembly plant with the view of starting production by mid-2021 to tap rising demand in the East African Community region.

Industrial

Transnet gets interdict against strike action after go-slow

Jul 14 2019 16:05

Transnet released a statement on Sunday afternoon announcing that it had obtained an interdict to stop a strike by its employees at the Ngqura Container Terminal in Port Elizabeth, Eastern Cape.

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Industrial

Unions: ArcelorMittal jobs bloodbath could be first of many

Jul 12 2019 16:04

Unions have voiced concern at the recent announcement by ArcelorMittal to slash 2 000 jobs, with Solidarity warning that the retrenchments may be the first of many to come.

Economy

SAA has R1.1bn stuck in cash-strapped Zimbabwe

Jul 12 2019 10:20

The flag carrier is currently unable to repatriate proceeds from ticket sales due to Zimbabwe's severe foreign currency shortage.

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