R/€ = 14.04
R/$ = 10.69
Au 1283.26 $/oz
Pt 1423.00 $/oz
Oct 28, 2008
Daily podcas– October 28, 2008Back
Johannesburg|Africa|Industrial|Projects|Transnet|Africa|South Africa|Products|Scrap Metal Export Restrictions|Transport|Transport Group|National Recyclers Organisation|Fred Phaswana|Maria Ramos|Sello Mahlangu|Koss R-80 Consumer Headphones
© Reuse this This podcast is brought to you by Den Braven Sealants - worldwide leader in professional sealants.
Tuesday, October 28, 2008.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
State-owned transport group Transnet was pushing ahead with its R80-billion investment programme. It had not revised any of its projects. But, on Tuesday, the group hinted at possible future changes to its business plans as a result of the likely impact of a global economic slowdown.
Chairperson Fred Phaswana said that the group's board continued "to assess the impact of the global economic environment on Transnet's business plans and will make necessary amendments to these plans if circumstances require these".
His comments appeared to act as a replacement for any clear guidance on the future outlook for the group.
However, CEO Maria Ramos said that the group's R80-billion, five-year capital programme had intensified during the interim period. She said the group's balance sheet remained robust enough for it to begin relying increasingly on the debt capital markets for funding.
The National Recyclers Organisation said that government would await the results of an independent study before taking any further action in terms of implementing scrap metal export restrictions. The NRO represents ferrous and non-ferrous scrap metal recyclers and dealers.
In June, Minister of Trade and Industry, Mandisi Mpahlwa, said that government was considering measures to limit the exportation of scrap metal. This is to allow for sufficient supply to the domestic market.
NRO chairperson Sello Mahlangu said that the Department of Trade and Industry has agreed that restrictions would not be implemented until an "informed decision" could be taken in partnership with the industry.
A spokesperson for the DTI confirmed that the government had postponed the implementation of export restrictions.
Also making headlines:
Non-residential building plan approvals are starting to slow.
The Competition Tribunal chairperson warns that the ill-considered industrial policy could undermine competition in South Africa.
The National Regulator for Compulsory Specifications warns that substandard products entering South Africa are on the rise.
And, building materials firm Infrasors issues a profit warning.
That's a round up of news making headlines today. For more on these and other stories please visit engineeringnews.co.za.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of...
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...