Apr 02, 2009
Daily podcast – April 2, 2009Back
Engineering|Johannesburg|Africa|ArcelorMittal South Africa|Eskom|PROJECT|Road|Transnet|Ukwazi Mining Solutions|Water|Africa|South Africa|Consultancy Services|Logistics|Mining|Services|Steel|Steel Price Weakness|Steel Prices|Steel Producer|Transport|Power|Tabudi Ramakgolo|Water|Locomotive
© Reuse this
Thursday, April 2, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
South Africa's leading primary steel producer, ArcelorMittal South Africa, has reduced its steel prices again by between five and eight percent.
The April cuts are over and above the average 40% price reduction that had been implemented since domestic steel prices peaked in August last year. In fact, between January and August last year, there had been seven upward revisions to the price of hot-rolled coil, which surged by over 100%, and six increases in the price of wire rod.
The latest cut follows on from two months of price rollovers. It appears to have been precipitated by the recent strengthening in the rand and continued steel price weakness elsewhere in the world.
Union spokesperson Tabudi Ramakgolo said that its members would go on strike as it couldn't reach an agreement with employers in the sector regarding a number of issues. The issues include minimum wages, allowances and maternity leave, among others.
About 30 000 Satawu members would participate in the strike.
South African power utility Eskom hints that it may approach government for yet more support.
That's a round up of news making headlines today. For more on these and other stories please visit engineeringnews.co.za.
Edited by: Shannon de Ryhove© 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 49 minutes ago The National Employers’ Association of South Africa (Neasa) will lodge an urgent application in the Labour Court in Johannesburg to stop the Metal and Engineering Industries Bargaining Council (MEIBC) from requesting Labour Minister Mildred Oliphant to extend the...
Updated 1 hour 4 minutes ago South African aerospace companies Denel Aerostructures (DAe) and Denel Aviation, both part of the State-owned Denel Group, have unveiled a major new project at the Africa Aerospace and Defence 2014 show on Thursday – the South African Regional Aircraft (SARA). This...
Updated 2 hours ago Three Chinese firms led by Shanghai Electric Group are considering setting up a coal mine and a 1 200 MW thermal power station in western Zimbabwe, company officials said. Industries and households in the southern African country have endured electricity cuts for...
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 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.
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
The board of UD Trucks Southern Africa (UDTSA) has announced the resignation of MD Jacques Carelse. Long-time UD employee, corporate planning and marketing GM, Rory Schulz, has been appointed as acting MD while the process started to appoint a new MD. The Japanese...
There is a need to start planning another pumped storage scheme in South Africa. Much work has already been done at a site in the Limpopo province and the project was very close to being put out to tender at one stage. In 2008/9 the National Energy Regulator of South...
The Coega Development Corporation (CDC) is preparing to leverage its strategic coastal position to develop the Eastern Cape economy through proposed aquaculture development zones (ADZs), with a proposed R2-billion project aiming to contribute $278-million to the...
Completion of the ongoing construction of the 102 km Zomba–Jali–Phalombe–Chitakale road, in southern Malawi, has been extended from June to December 15 because of persistent rains and difficulties in paying the contractor. The project is being undertaken by Kuwait's...
The Malawi government has awarded South African firm Fischer Consortium the contract to upgrade the Malawi Road Traffic Information System. The Directorate of Road Traffic and Safety Services at Malawi's Ministry of Transport and Public Works says Fischer...