R/€ = 13.69
R/$ = 10.96
Au 1195.22 $/oz
Pt 1225.00 $/oz
Oct 28, 2008
Daily podcas– October 28, 2008Back
Johannesburg|Africa|Environment|Industrial|Projects|Transnet|Africa|South Africa|Building|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 medication....
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...
Updated 7 hours ago South Africa’s National Treasury on Friday reissued its amended request for proposal (RFP) for the five-year multibillion-rand project to replace the legacy systems currently in use with an enterprise resource planning (ERP) solution for an integrated financial...
Updated 7 hours ago The handover of specialised computer equipment to the Umfolozi Technical and Vocational Education and Training College would address one of the greatest challenges faced by Transnet Port Terminals (TPT) at the Port of Richards Bay – a lack of skills in a highly...
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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 road...
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.
This Week's Magazine
As the City of Ekurhuleni continues its bid to develop the largely industrialised metropole into the continent’s first aerotropolis, executive mayor Mondli Gungubele has committed the city to creating a predictable, stable and enabling business environment in which...
While Ford Motor Company of Southern Africa (FMCSA) did not have “significant issues” with power supply in Gauteng, it was a different story in the Eastern Cape, said FMCSA and American Chamber of Commerce in South Africa president Jeff Nemeth earlier this month....
In 2000, exports into Africa from South Africa represented less than 5% of the turnover of Federal Mogul Motorparts Africa, with sales largely centred around Zimbabwe, Zambia, Malawi and Mozambique. Today, African exports represent 30% of sales, with trade expanded...
The Malawi government has launched a $50-million project to upgrade the Kamuzu barrage, on the Shire river, an outlet of Lake Malawi, which is used to control the flow of water from the lake to the lower Shire area. The project will run from this year to 2017 and...
Our new Technical and Vocational Education and Training (TVET) Colleges will replace the Further Education and Training (FET) Colleges which have served us for the past twenty years. The buildings will be the same and most of the staff will be the same but as the...