Corporate Affairs

  • 0

    Scale of Denel’s problems revealed in annual report

    South African State-owned defence industrial group Denel recently released its annual report for the 2018/2019 financial year (FY). By just about every metric, the group’s position deteriorated from FY 2017/2018 to FY 2018/2019. In FY 2018/2019, revenues were R3.8-billion, down from R5.8-billion in FY 2017/2018. But borrowings went up, to R3.4-billion in FY 2018/19 from R3.3-billion in FY 2017/2018. Note how close the FY 2018/2019 figure for borrowings is to the number for the revenues for that same year. The debt equity ratio was -2.05:1 in FY 2018/2019, as against 7.39:1 in FY 2017/2018.

  • 0

    Rolls-Royce strengthens position in race to develop electric aero-engines

    Renowned UK industrial technology group Rolls-Royce has completed its purchase of Siemens’ eAircraft business. The deal was originally announced in June. eAircraft was the German electrification, automation and digitalisation group’s electric and hybrid-electric aerospace propulsion unit. “We are very pleased with the rapid execution of the necessary legal and procedural steps to complete this acquisition,” said Rolls-Royce Electrical Director Rob Watson. “We are welcoming our new colleagues into Rolls-Royce today and look forward to working with them to pioneer new technologies and solutions.”

  • 0

    Iata welcomes outcomes of International Civil Aviation Organisation assembly

    The global airline industry representative body, the International Air Transport Association (IATA), is pleased with the outcomes of the recent 40th Triennial Assembly of the International Civil Aviation Organisation (ICAO – the inter-Governmental body which oversees civil aviation worldwide, in terms of codifying and coordinating the procedures and principles of international air travel; it is a specialised agency of the United Nations). All of IATA’s main concerns were addressed by the Assembly.

  • 0

    Scale of Denel’s problems revealed in annual report

    South African State-owned defence industrial group Denel recently released its annual report for the 2018/2019 financial year (FY). By just about every metric, the group’s position deteriorated from FY 2017/2018 to FY 2018/2019. In FY 2018/2019, revenues were R3.8-billion, down from R5.8-billion in FY 2017/2018. But borrowings went up, to R3.4-billion in FY 2018/19 from R3.3-billion in FY 2017/2018. Note how close the FY 2018/2019 figure for borrowings is to the number for the revenues for that same year. The debt equity ratio was -2.05:1 in FY 2018/2019, as against 7.39:1 in FY 2017/2018.

  • 0

    Rolls-Royce strengthens position in race to develop electric aero-engines

    Renowned UK industrial technology group Rolls-Royce has completed its purchase of Siemens’ eAircraft business. The deal was originally announced in June. eAircraft was the German electrification, automation and digitalisation group’s electric and hybrid-electric aerospace propulsion unit. “We are very pleased with the rapid execution of the necessary legal and procedural steps to complete this acquisition,” said Rolls-Royce Electrical Director Rob Watson. “We are welcoming our new colleagues into Rolls-Royce today and look forward to working with them to pioneer new technologies and solutions.”

  • 0

    Iata welcomes outcomes of International Civil Aviation Organisation assembly

    The global airline industry representative body, the International Air Transport Association (IATA), is pleased with the outcomes of the recent 40th Triennial Assembly of the International Civil Aviation Organisation (ICAO – the inter-Governmental body which oversees civil aviation worldwide, in terms of codifying and coordinating the procedures and principles of international air travel; it is a specialised agency of the United Nations). All of IATA’s main concerns were addressed by the Assembly.

  • 0

    Transnet’s $400m Zim railway investment deal cancelled

    Zimbabwe has cancelled a US$400-million investment deal for the National Railways of Zimbabwe, which had been awarded to a consortium that included South Africa’s Transnet and the Diaspora Infrastructure Development Group. In 2017, the government of Zi…

  • 0

    Transnet’s $400m Zim railway investment deal cancelled

    Zimbabwe has cancelled a US$400-million investment deal for the National Railways of Zimbabwe, which had been awarded to a consortium that included South Africa’s Transnet and the Diaspora Infrastructure Development Group. In 2017, the government of Zi…

  • 0

    Alstom Ubunye inaugurates modernised factory

    Rail components manufacturer Alstom Ubunye on Thursday inaugurated its 80 000 m2 modernised rail components factory, in Nigel, Gauteng.

    The factory was established in 1957 and Alstom acquired a 51% stake in the company, Commuter Transport and Locomotive Engineering, in 2016
    calling the new Company “Alstom Ubunye”.

  • 0

    Alstom Ubunye inaugurates modernised factory

    Rail components manufacturer Alstom Ubunye on Thursday inaugurated its 80 000 m2 modernised rail components factory, in Nigel, Gauteng.

    The factory was established in 1957 and Alstom acquired a 51% stake in the company, Commuter Transport and Locomotive Engineering, in 2016
    calling the new Company “Alstom Ubunye”.

Page 1 of 57712345...102030...Last »

Khudu Technologies © 2015 . All rights reserved.