Eskom inks R1.3bn solar plant loan agreement

Eskom has signed a €100 million (R1.3 billion) loan agreement to fund a 100 megawatt solar power plant, the parastatal has said.

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Prasa CEO defends R3.5bn deal

Lucky Montana defended the Passenger Rail Agency of SA against claims that a R3.5 billion locomotive acquisition deal should be investigated for irregularities.

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Man burns to death in small storeroom

A man burnt to death when he was trapped in a small storeroom meant for wheelie-bins in a block of flats in Cape Town.

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Institute puts positive spin on ANC hashtag

“Every day for the next ten days #IRRknowyourANC will release one amazing fact about progress in SA under the ANC.”

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New fishing bill in murky waters

A hearing into proposed amendments to the Marine Living Resources Act has highlighted the split in the fishing industry.

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Doctor: There was no hope for Anene

Two doctors who examined Anene Booysen told the court of the extensive and horrific injuries she suffered.

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N1 driver crushed by truck’s load

A man is fighting for his life after his bakkie was crushed by a 24-ton metal floating dock that fell off a truck in front of him.

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Mazibuko to meet minister over ‘teef’ war

Tina Joemat-Pettersson and Lindiwe Mazibuko are to meet after a DA MP was reportedly overheard calling the minister a “teef”.

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Rihanna takes it easy before CT show

Rihanna went shark cage diving and encountered beautiful sea creatures during a break between shows.

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Toddler killed for soiling nappy

An Atlantis dad has admitted in the Western Cape High Court that he killed his two-year-old son for soiling his nappy.

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The darker side of Long Street

This anonymous account of one of Cape Town’s liveliest precincts gives an unsettling glimpse of its grimier aspect.

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SARS warns against fraudulent tax advisors

The Announcer

With the deadline for the submission of tax returns approaching, the South African Revenue Service (SARS) has appealed to taxpayers to exercise caution against “tax advisors” who guarantee them a tax refund. “SARS wants to appeal to all taxpayers to exercise caution if they are approached by tax advisors who guarantee them a tax refund […]

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WeedBuster project creates employment

The Announcer

Water and Environmental Affairs Deputy Minister Rejoice Mabudafhasi has commended the role played by the WeedBuster awareness campaign in job creation. Mabudafhasi on Wednesday led the campaign in Grahamstown in the Eastern Cape, where she told residents that the programme has shown an immense value and return on investment for the country through job creation, […]

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Long-Serving SAPS employees honoured

The Announcer

Several Port Alfred SAPS Cluster employees were honoured with long-service medals at a SAPS Medal Parade ceremony in Grahamstown last Thursday for having sacrificed their lives in service to others. “Bestowing the 30 and 20 years’ service medal is not a common occurrence, which made me realise that there is no prize worthy of such […]

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Move to curb domestic violence in Alexandria

The Announcer

Alexandria SAPS officers and Social Development department social workers started a domestic violence awareness campaign in Alexandria townships last week in an attempt to reduce the crime. The aim of the campaign was for community members to work with police to stem the abuse of women and children. SAPS had joined forces with social workers […]

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Alexandria Rock and Surf won annual interclub compo

The Announcer

The annual PARSC versus Alexandria Rock and Surf Competition was held from Diaz Cross to the Point before Alexander Bay  last Saturday in tough conditions with an extremely strong westerly wind and rough but clean and warm sea. Eleven anglers from Port Alfred fished against 13 from the Alex Club. This was deemed to be […]

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Canadian Manufacturing Sales Dip 0.2% in August

  • Canadian manufacturing sales dipped 0.2% in August 2013, slightly below market expectations for a 0.2% increase, following a 1.7% jump in July and an upwardly revised 0.2% increase (was a 0.1% drop) in June.
  • Controlling for prices, the volume of sales declined 0.3% following an unrevised 1.1% jump in July and a 0.6% drop in June (-0.9% previously). Inventories rose 0.3% in August, thereby matching the pace of growth in July.
  • The decline in sales overall was led by a 2.1% drop in Ontario, although sales also declined notably in Saskatchewan (-6.0%), New Brunswick (-2.3%), and Newfoundland (-2.3%). Partial offset was provided by stronger sales in Quebec (3.2%) and Alberta (1.9%).
  • Manufacturing sales remain subdued with the dip in the volume of August sales leaving the measure 2.1% below its year-ago level. Moreover, the details of today’s report suggest that the manufacturing component of monthly gross domestic product (GDP) likely declined by 0.7% in the month following a sizeable 1.1% jump in July. We expect offset from a further recovery in mining and construction activity in August as rebuilding and repair continued after severe flooding in Alberta in June. As well, reports on retail and wholesale trade out next week will provide further indications about the strength of service-sector output in August. Data released to date, however, are consistent with overall GDP growth of 0.2% in the month, which would be slightly below our prior assumption for a 0.3% gain.

Canadian manufacturing sales dipped 0.2% in August 2013 following a 1.7% surge in July and an upwardly revised 0.2% increase (previously reported as a 0.1% drop) in June. Most of the weakness was concentrated in sales of non-durable products, which together declined 0.7% in August. Weakness among non-durable components was broadly based, with only a 1.0% rise in petroleum and coal sales providing a notable partial offset. Sales of durable goods rose 0.4% despite a 2.5% drop in motor vehicle sales and a 22.6% plunge in “miscellaneous” goods. Sales of primary (3.0%) and fabricated (1.1%) metal products as well as a 17.8% surge in the volatile aerospace component provided the main sources of strength.

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