Mahindra Tractors, renowned worldwide as the preeminent tractor manufacturer by volume, announced the debut of its advanced lightweight tractor range, the Mahindra OJA, at a grand reveal in Cape Town’s Futurescape event. This launch heralds a significant paradigm shift in tractor technology, setting a new global standard for innovative lightweight tractor design. Inspired by the […]
Russian President Vladimir Putin has decided to skip the upcoming BRICS summit in Johannesburg next month, according to an announcement made by the South African presidency on Wednesday, July 19. The news comes on the heels of South African President Cyril Ramaphosa’s warning that an arrest of Vladimir Putin, who is currently under an international […]
In a recent phone call, Russian President Vladimir Putin and South African President Cyril Ramaphosa addressed the upcoming BRICS summit set to take place in Johannesburg next month and the expiring Black Sea grain deal, according to a Kremlin statement. The discussion comes amidst growing tension over the grain deal’s renewal and controversy over Putin’s […]
Wipro, an Indian technology services and consulting company, has officially opened a new office at Sable Park, Century City, in Cape Town, South Africa. This expansion underlines the firm’s enduring commitment to providing value to its clients in the region. The inauguration was graced by key dignitaries including Alderman James Vos, Mayoral Committee Member – […]
Bharat Forge has entered into a memorandum of understanding (MoU) with South Africa-based aerospace and technology company Paramount Group at Aero India 2023 in Bengaluru. The MoU is for developing and producing composite rotor blades, mission systems, and stores management systems for medium lift helicopters, said the Indian forging company. It was signed by Bharat […]
Seriti Green, a renewable energy subsidiary of Seriti Resources, will build a 155MW wind farm in Mpumalanga in South Africa, with R4 billion ($236 million) investment. The Mpumalanga wind farm, which is the first phase of Seriti Green’s 900MW renewable energy project named Ummbila Emoyeni, is anticipated to convert more than 75% of the energy […]
Murray & Roberts, a South Africa-based engineering and mining contractor, has signed a sale and purchase pact to sell Clough Limited to an Italian industrial group Webuild for approximately A$350 million ($225.8 million). Clough is an Australia-based engineering and construction business, which has an order backlog and preferred bids of €4.8 billion and revenues of […]
Ardagh Group, a Luxembourg-based glass and metal products manufacturer, has wrapped up the previously announced $1 billion acquisition of Consol Holdings Proprietary Limited (Consol Glass). Based in South Africa, Consol Glass is a glass packaging producer. The consideration includes the net debt of around $365 million of the South African firm. The deal was announced […]
Route Mobile Limited, an Indian cloud communication platform service provider, said that its fully-owned subsidiary RouteSms Solutions FZE has wrapped up the previously announced €38 million acquisition of M.R Messaging FZC. Based in the UAE, M.R Messaging is a cloud communications service provider that serves enterprises and aggregators in Europe and South Africa. Route Mobile […]
Swedish engineering company Sandvik has wrapped up its previously announced acquisition of Kwatani, a South African supplier of feeders and screens for the mining sector. The financial terms of the deal were not disclosed. The deal was announced in May 2021, Kwatani’s portfolio includes screens, fine separators, feeders, and drives. Its last year’s revenues were […]