The company has set up BFG Africa Rail to supply composite products to Prasa.
In a joint statement, the companies said the transaction was one of PepsiCo’s largest acquisitions outside the United States.
Proposed areas of co-operation reportedly include small and medium calibre ammunition, artillery, cybersecurity, electronic warfare, among others.
The development of the product started after Morebodi Memphis Kaotsane won second place in the 2016 North West Innovation Competition.
‘Africa’s successful development depends on building the right conditions for its new generation of entrepreneurs, innovators and leaders.’
The rand climbed against every single G10 currency on Thursday afternoon.

Black business welcomes repo rate cut

The cut will bring the prime lending rate down to 10%, thereby ‘increasing economic activity and bring much needed relieve to hard-pressed consumers’.

Reserve Bank cuts repo rate, revises GDP growth down

The Sarb now expects GDP growth for 2019 to average 0.6 percent, down from 1.0 percent in May.

Western Cape has fastest growing economy in SA – Winde

The provincial government has spent over R483 million on bursaries since 2009.

Nehawu ‘disappointed’ by govt’s intent to cut 30,000 public service jobs

Nehawu says government should strengthen the public service by implementing strategies that will enable workers to be more effective and productive. 

Amplats says output down four percent in second quarter

Production guidance for 2019 however remained unchanged at 4.2–4.5 million PGM ounces.

Mantashe faces uphill battle in dealing with chaos at SA’s nuclear corporation

The company has burned through six CEOs and two chairmen in seven months, with one CEO lasting a day and another a week.

Matjila, accused of R95m in fraud, slams ‘trumped up’ Hawks charges

The former PIC CEO denies trying to facilitate a R95 million payment to a businessman.

Yolanda Cuba joins MTN as group chief digital and fintech officer

‘This role gives me the opportunity to drive digital innovation and financial inclusion across the group’s vast footprint,’ Cuba said.

Sanral wants to write off your e-toll debt – but only if you pay e-tolls

The road agency’s debt collectors have proposed writing off part of one’s debt for each year of compliance.

SA property market sees upswing in homebuyers after elections – Leadhome

Despite current concerns around South Africa’s economic growth, property still provides a solid investment.

Gautrain to spend R2 billion on sorting out capacity constraints

There are plans to add between 18 and 35 coaches to the train network within the next 18 months, says Gautrain’s CEO.

We were all ‘duped’ by Steinhoff, says former PIC CEO Dan Matjila

The state asset manager increased its investment in the entity that imploded in December 2017, rather than pulling out.

Retirement? Most South Africans can forget about it

Nine of every 10 retirees included in Old Mutual’s survey are working to supplement retirement income.

When is Moody’s going to put us out of our misery and downgrade us?

Even if it hasn’t actually happened, it’s accepted that it will.




 

 

today in print