Latest news with #R82
IOL News
19-05-2025
- Automotive
- IOL News
Nissan considering closing its South African plant, Japanese source says
The Nissan Navara is currently the only product built at the Rosslyn facility. Nissan dropped a bombshell on its workforce last week with the announcement that it planned to expand its 'turnaround plan' to include more plant closures and layoffs than previously envisaged. Following an annual net loss of 671 billion yen (R82 billion), the company announced on Tuesday that it planned to close seven of its 17 factories by fiscal year 2027, while reducing the workforce by around 20,000. Unfortunately, it appears that Nissan's Rosslyn plant in Gauteng could be a casualty of this significant restructure, if the latest international reports are anything to go by. International news agency Reuters, citing a single unnamed source, reported over the weekend that the South African plant was among those being considered for closure by the parent company in Japan. Also facing possible closure are Nissan's plants in India and Argentina, one of its Mexican factories and two Japanese facilities, with the latter also mentioned by a second source. However, Nissan said in a statement that these reports, on the specific plant closures, were speculative and not based on any official information from the company. 'At this time, we will not be providing further comments on this matter," Nissan said. 'We are committed to maintaining transparency with our stakeholders and will communicate any relevant updates as necessary." However, the South African plant does appear to be in a vulnerable position in terms of its volumes, with current production levels averaging around 1,200 units per month in the first four months of 2025. This includes production of the Navara single cab and double cab bakkies for South African consumption and exports into Africa. The Navara is currently the only vehicle produced at Rosslyn, following the discontinuation of the NP200 compact bakkie in 2024, after its Russian-developed replacement was cancelled due to the war with Ukraine. Around that time, a Nissan SA representative told Moneyweb that the company was attempting to source another successor to the NP200 and was also investigating a third model for the Rosslyn plant. Nissan's more aggressive international restructure puts all of these projects in jeopardy, although it's worth keeping in mind that no final decisions appear to have been made with regard to plant closures. Get your news on the go, click here to join the IOL News WhatsApp channel IOL
IOL News
14-05-2025
- Automotive
- IOL News
Nissan to close 40% of its factories in shock restructure: will SA's Rosslyn plant survive?
Nissan is planning to reduce its global production network by 40%. Image: Richard A Brooks / AFP Nissan is set to implement an even more severe turnaround plan than previously envisaged, with seven factories now facing closure and 20,000 jobs on the line. This follows an annual net loss of 671 billion yen (R82 billion) announced on Tuesday for the financial year to March 2025. The company announced on the same day that it planned to reduce the number of vehicle production plants in its global network from 17 to 10, by fiscal year 2027, while also reducing the workforce by 20,000. It had previously planned to cut around 9,000 jobs. Further to that, Nisan said it plans to streamline its powertrain plants and cancel its planned Lithium Iron Phosphate battery plant in Kyushu, Japan. "We wouldn't be doing this if it was not necessary to survive," said Nissan's newly appointed CEO Ivan Espinosa. "In the face of challenging FY24 performance and rising variable costs, compounded by an uncertain environment, we must prioritise self-improvement with greater urgency and speed, aiming for profitability that relies less on volume,' he added. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ But where does this leave Nissan South Africa's Rosslyn plant, located outside Pretoria? Nissan has not named the seven plants which face closure, although its Indian and UK facilities appear to be safe, given recently announced production plans for those. IOL has approached Nissan South Africa for comment, but a response had not been received at the time of writing. Company spokespersons have previously stated that the local plant was a key hub for its expansion into Africa. However, it currently only produces the Navara bakkie in double cab and single cab formats, and production volumes are significantly lower than in previous years, following the 2024 discontinuation of the NP200 compact bakkie and the NP300 in 2021. Locally-built Nissan Navara range. Image: Supplied To put Rosslyn's current production numbers into perspective, Nissan sold just 1838 locally produced Navaras in the first four months of 2025, and exported 3,101 units. That's an average of just 1,234 units per month in total. Ford South Africa, which also produces just a single bakkie at its Silverton plant in Pretoria, sold 7,933 Rangers to local customers during that same period and exported 20,244 units. SA-built Navaras are currently exported into Africa, while Ford's Ranger is shipped to over 100 international markets, including Europe. Furthermore, Nissan's local market share has more than halved in the past seven years, from an annual volume of 51,825 units in 2017 (including imports) to just 22,286 units in 2024. Following the discontinuation of the NP200 in 2024, whose Russian-developed replacement was cancelled due to the war with Ukraine, Nissan South Africa has been looking for ways to expand production at the plant. ALSO READ: Nissan opens up about aborted NP200 replacement In March 2024, a company representative told Moneyweb that the local division was aiming to source another successor to the NP200, and was also investigating a third model for the Rosslyn plant. It remains to be seen whether any of these projects will go ahead, in light of Nissan's new plan to shut seven plants. Internationally, Nissan plans to lean more heavily on its alliance partners Renault and Mitsubishi, the latter providing the basis for the Navara replacement. Nissan also plans to use on Renault's Indian division to launch new MPV and SUV models in 2026 and 2027. Having access to more affordable products from India, could certainly improve Nissan South Africa's fortunes as an importer. The Magnite compact SUV is already the division's best seller. But whether Nissan SA still has a future as a manufacturer is anyone's guess. IOL
Business Upturn
01-05-2025
- Business
- Business Upturn
Check Point Software Technologies Receives Common Criteria EAL4+ Certification for Quantum Firewall Software R82
REDWOOD CITY, Calif., May 01, 2025 (GLOBE NEWSWIRE) — Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced that its Quantum Firewall Software R82, the latest version of Check Point's core network security software delivering advanced threat prevention and scalable policy management — has received Common Criteria EAL4+ certification, further reinforcing its position as a trusted security foundation for critical infrastructure, government, and defense organizations worldwide. 'This certification reflects our continued investment in providing trusted and verifiable security to customers operating in highly regulated sectors,' said Eyal Manor, VP of Product Management at Check Point Software Technologies. 'It confirms that Check Point Quantum R82 security platform meets stringent global standards and provides verifiable protection for the world's most demanding environments.' Certified by the German Federal Office for Information Security (BSI), the Target of Evaluation (TOE) for Check Point's R82 security platform — covering Security Gateway, Security Management, and M Maestro Orchestrator Hyperscale Network configurations — complies with the internationally recognized Common Criteria for IT Security Evaluation (ISO/IEC 15408) at Evaluation Assurance Level 4+, with augmentation components ALC_FLR.1 and AVA_VAN.4. The evaluation was independently conducted by TÜV Informationstechnik GmbH, a BSI-accredited testing facility. Common Criteria is the most widely adopted framework for security certification of IT products, and EAL4+ is the highest level widely recognized for commercial technologies. The certification is accepted under the Common Criteria Recognition Arrangement (CCRA) and the European SOGIS Mutual Recognition Agreement (SOGIS-MRA), supporting deployment in over 30 participating nations. For more information on the R82 TOE and official certification details, please visit: Follow Check Point via: LinkedIn: X (Formerly known as Twitter): Facebook: Blog: YouTube: About Check Point Software Technologies Ltd. Check Point Software Technologies Ltd. ( is a leading protector of digital trust, utilizing AI-powered cyber security solutions to safeguard over 100,000 organizations globally. Through its Infinity Platform and an open garden ecosystem, Check Point's prevention-first approach delivers industry-leading security efficacy while reducing risk. Employing a hybrid mesh network architecture with SASE at its core, the Infinity Platform unifies the management of on-premises, cloud, and workspace environments to offer flexibility, simplicity and scale for enterprises and service providers. Legal Notice Regarding Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding future growth, the expansion of Check Point's industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
01-05-2025
- Business
- Yahoo
Check Point Software Technologies Receives Common Criteria EAL4+ Certification for Quantum Firewall Software R82
Certification expands global assurance for Check Point's security platform, supporting trusted deployment in high-assurance environments across more than 30 nations REDWOOD CITY, Calif., May 01, 2025 (GLOBE NEWSWIRE) -- Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, today announced that its Quantum Firewall Software R82, the latest version of Check Point's core network security software delivering advanced threat prevention and scalable policy management — has received Common Criteria EAL4+ certification, further reinforcing its position as a trusted security foundation for critical infrastructure, government, and defense organizations worldwide. 'This certification reflects our continued investment in providing trusted and verifiable security to customers operating in highly regulated sectors,' said Eyal Manor, VP of Product Management at Check Point Software Technologies. 'It confirms that Check Point Quantum R82 security platform meets stringent global standards and provides verifiable protection for the world's most demanding environments.' Certified by the German Federal Office for Information Security (BSI), the Target of Evaluation (TOE) for Check Point's R82 security platform — covering Security Gateway, Security Management, and M Maestro Orchestrator Hyperscale Network configurations — complies with the internationally recognized Common Criteria for IT Security Evaluation (ISO/IEC 15408) at Evaluation Assurance Level 4+, with augmentation components ALC_FLR.1 and AVA_VAN.4. The evaluation was independently conducted by TÜV Informationstechnik GmbH, a BSI-accredited testing facility. Common Criteria is the most widely adopted framework for security certification of IT products, and EAL4+ is the highest level widely recognized for commercial technologies. The certification is accepted under the Common Criteria Recognition Arrangement (CCRA) and the European SOGIS Mutual Recognition Agreement (SOGIS-MRA), supporting deployment in over 30 participating nations. For more information on the R82 TOE and official certification details, please visit: Check Point's Common Criteria Certifications: Point Software BSI R82 Common Criteria EAL4+ Certification Document: sk181211 - R82 Common Criteria EAL4+ AVA_VAN.4 BSI Certification BSI's official registry of certified products: Follow Check Point via:LinkedIn: (Formerly known as Twitter): Check Point Software Technologies Ltd. Check Point Software Technologies Ltd. ( is a leading protector of digital trust, utilizing AI-powered cyber security solutions to safeguard over 100,000 organizations globally. Through its Infinity Platform and an open garden ecosystem, Check Point's prevention-first approach delivers industry-leading security efficacy while reducing risk. Employing a hybrid mesh network architecture with SASE at its core, the Infinity Platform unifies the management of on-premises, cloud, and workspace environments to offer flexibility, simplicity and scale for enterprises and service providers. Legal Notice Regarding Forward-Looking StatementsThis press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, statements related to our expectations regarding future growth, the expansion of Check Point's industry leadership, the enhancement of shareholder value and the delivery of an industry-leading cyber security platform to customers worldwide. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 2, 2024. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law. CONTACT: MEDIA CONTACT: Emilie Beneitez Check Point Software Technologies press@ INVESTOR CONTACT: Kip E. Meintzer Check Point Software Technologies ir@ in to access your portfolio
