Michelle Gumede

A third Murray & Roberts (M&R) board member has resigned, further eroding the board's strength as the group navigates business rescue in its SA operations amid suspended trading on the JSE and a cash crunch.

The number of rail parts and products imported into SA is growing significantly, the African Rail Industry Association (Aria) and the department of

SA's manufacturing production increased by 0.8% year on year in October, Stats SA reported on Tuesday, reversing the 0.8% drop recorded for September and breaking a two-month streak of underwhelming output.

Consortium, which includes CEO Dominic Sewela, has offered R120 a share for industrial giant

Barloworld's ability to continue to operate in Russia remains a key consideration for the board amid the ongoing effect of the Russia-Ukraine war and a tightening regulatory framework.

In October, JSE-listed Metair agreed to pay nearly R290m to acquire AutoZone, saying the deal would enable it to grow its automotive aftermarket units

With protests and a subdued coal market, volume fell 13% at group's Maputo terminal and margins came under pressure

The group plans to further diversify its packaging and speciality paper portfolio with several new products

Since the 2013 acquisition of Mutlu by Metair, the Turkish firm has been beset with challenges

At year's end CEO Phil Roux was sure Nampak was in a far better position than it was a year ago