Author: Procurement-Newz

  • How Grindrod has bounced back after dropping its shipping business

    How Grindrod has bounced back after dropping its shipping business

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    Procurement-Newz
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    [ad_1] Separation from its shipping business has helped Grindrod return to an interim profit of R2.4bn from a R1.1bn loss. Grindrod executive chair Mike Hankinson talks to Business Day TV about what plans lie ahead for the business that is now in a better financial position. [ad_2] Source link Google News

  • Sino-Zim achieves 85% local procurement

    Sino-Zim achieves 85% local procurement

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    Procurement-Newz
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    [ad_1] SINO Zimbabwe Cement Company (Sino-Zim), a Gweru-based cement manufacturer, says it sources 85% of its raw materials and inputs from local suppliers, but faces challenges in obtaining foreign currency to procure imports. BY STEPHEN CHADENGA “Although a heavy industrial manufacturer, about 85% of our raw materials and other inputs are sourced locally,” the company’s…

  • August manufacturing Purchasing Managers’ Index

    August manufacturing Purchasing Managers’ Index

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    Procurement-Newz
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    [ad_1] The Caixin manufacturing PMI reading released on Monday matched the expectations of economists polled by Reuters who had forecast the index to have fallen to 50.6 in August from 50.8 in July. A reading above 50 indicates expansion, while a reading below that signals contraction. The private survey also found that employment was falling…