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updated 6:54 AM SAST, Mar 14, 2031
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Tribunal approves Barnes Southern Palace's acquisition of Scaw

The Competition Tribunal has conditionally approved the transaction, in terms of which holding company Barnes Southern Palace plans to acquire Scaw South Africa from the Industrial Development Corporation (IDC).

To address information sharing concerns, the transaction was approved subject to a condition that, for as long as the IDC is able to appoint directors to the respective boards of CWI and Scaw, the IDC will ensure that its representatives on the board of Scaw are not the same persons serving, nominated and/or appointed on any board or management committees or subcommittees of CWI.

Further, the nominees appointed by the IDC to the board of Scaw may not have served on the board of directors and/or management committees or subcommittees of CWI for a period of one year prior to being nominated to the board of Scaw.Employment conditions have also been put in place, as well as conditions to ensure the merged entity will supply small steel mills with direct reduced iron which will enable them to produce better quality steel.The merger was heard by the Tribunal on February 16, with the order issued on February 19. 

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Koeberg participating in development of other desalination projects

Apart from its recently announced temporary desalination plant, the Koeberg nuclearpower station is working on a range of desalination projects, including a detailed feasibility study with the City of Cape Town on a large-scale desalination plant.If the feasibility study is successful, it will be followed up with a large-scale seawater desalination plant.

“This has the potential to not only augment the water needed for the Koeberg power station, but for the city’s water supplies as well,” says Koeberg power station manager Velaphi Ndlovu.Ndlovu says a data collection plant (DCP) is expected to get under way at the end of March, subject to statutory approvals, while a pilot production plant could kick off nine months after the confirmation of data from the DCP.

A temporary groundwater desalination plant was launched at Koeberg last week, with water supplied from the borehole system on its grounds. Eskom has appointed a contractor to build, own, operate and maintain the plant, which has a production capacity of 920 kilolitres a day of high-quality potable water which can be used for process purposes, as well as human consumption.A permanent groundwater desalination plant at Koeberg is currently in the commercial phase.

Nldovu and Eskom executives say they have learnt valuable lessons through their desalination projects and plans so far.Eskom launched its Water Resilience Strategy in March 2017 to mitigate business risk, to positively contribute to the efforts of the City of Cape Town and lessen their contribution to Day Zero.The nuclearpower station has notched up water savings of 35% since June 2017, but Ndlovu says it has the potential to save an additional 130 kilolitres of water a day.

Eskom Koeberg has initiated a sustainable strategy to address the current water supply challenge in the Western Cape, enabling it to continuously provide safe electricity by having an overriding focus on nuclearsafety,” said Ndlovu.

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HILTI BREAKS 5 BILLION SALES MARK

Schaan (FL), January 22, 2018 – In 2017, the Hilti Group continued to grow throughout all business regions with sales increasing significantly to CHF 5.1billion. Year-on- year, sales were up +10.8 percent in Swiss Francs and +9.6 percent in local currencies.

“We owe this milestone to our globa lteam that is working with consistency and dedication to implement the objectives of our corporate strategy. Once again,we have launched more than 60 new products, extended our portfolio significantly and strengthened our global sales team. With this solid foundation firmly in place, we managed to make even better use of last year’s favorable market conditions. It is our intention to maintain this momentum,”says CEO Christoph Loos expressing his confidence for 2018.

The performance of the business regions reflects the broad-based growth of the company. With al lmarkets in good condition, Europe was up +9.7 percent in local currencies. Growing at +8.5 percent, North America has taken yet another significant step ahead . In Latin America (+9.7%), the upward trend strengthened further although the economy as a whole continues to stabilize at a slow place. In Asia/Pacific, th eHilti Group maintains its growth trajectory, with sales up +5.3 percent. The dynamic performance of the Eastern

Europe/MiddleEast/Africa region(+17.4%) is particularly note worthy, with Russia leading the way by reporting yet another set ofs trong growth figures.

Salesgrowth2017vs.2016

 

2017

in CHF million

2016

in CHF million

Change in

CHF(%)

Change in

localcurrencies (%)

Europe 2,469 2,222 11.1 9.7
North America 1,218 1,120 8.7 8.5
Latin America 128 117 9.4 9.7
Asia/Pacific 700 662 5.7 5.3

Eastern Europe /

Middle East /Africa

618 512 20.7 17.4
Hilti Group* 5,133 4,633 10.8 9.6

*Comment:

Group sales include a growth effect of +0.8 percent and CHF38 million due to the acquisition of the Oglaend

System Group effective August 2017.

Note:Detailedannual figuresfor 2017 will bepublished onMarch 16, 2018.

 

The Hilti Group supplies theworldwide construction industrywith technologically leading products, systems, software and services that provide construction professionalswith innovative solutions and superior added value. The Group employs more than 26,000 teammembers in over 120 countrieswhopassionately create enthusiastic customersandbuildabetterfuture.Hiltigeneratedannual salesofCHF5.1billionin2017.Hilti’scorporateculture is based on integrity,teamwork, commitment and the courage toembrace change. Theheadquartersof the Hilti Group are located in Schaan,Liechtenstein.

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