Apr 22, 2008
Daily podcast - April 22, 2008Back
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From Creamer Media in Johannesburg, I'm Shannon O'Donnell
Making headlines today:
The African National Congress' National Working Committee, or NWC, which last week called for a halt to the public-participation process being run by the National Energy Regulator of South Africa into Eskom's request for a 60% hike in the interests of broader consultation, agreed on Monday that the process should be allowed to continue.
ANC spokesperson Steyn Speed said that, while he had not received a full briefing on the outcome of the meeting, he understood that the ANC now planned to make a formal submission to Nersa, which would be independent to any presentation that might be made by government.
In a statement released after the gathering in Johannesburg, the NWC said the ANC remained committed "to finding solutions that serve the interests of the South African people, particularly workers and the poor, and which assist the process of economic growth, job creation and development".
For the quarter ended March 31, the year-on-year rise was five comma six percent to three hundred and forty comma seven million tons.
China produced one hundred and twenty four million tons of crude steel during the three-month period, which represented an eight comma six percent increase. However, China's production for the month of March swelled by eleven comma five percent compared with March 2007, to forty four comma nine million tons.
The two would jointly operate the assets, which include the Hidden Valley mine that Harmony is building, as well as exploration tenements.
The Hidden Valley mine was expected to begin producing mid-2009, peaking at 300 000 ounces a year of gold in 2011.
Newcrest said that it would fund the deal from internal cash flows.
High oil price is dampening world growth says the IMF's Lipsky
In political news:
Tsvangirai discusses Zimbabwe crisis with UN chief
That's a round up of news making headlines today. For more on these and other stories, visit engineeringnews.co.za, miningweekly.com and polity.org.za
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines
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...
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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 26 minutes ago Cabinet approved the five-year Medium-Term Strategic Framework (MTSF) of government on Wednesday, which would serve as the “building block towards the 2030 vision in the National Development Plan (NDP)”. The MTSF, which covers the period 2014 to 2019, reportedly...
Updated 31 minutes ago Trade and Industry Minister Dr Rob Davies has re-emphasised government’s commitment to the creation of a viable local minerals beneficiation industry, saying the country could establish a competitive advantage in global markets by leveraging that fact that minerals...
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Recent Research Reports
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.
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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.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Local aerospace company Denel Aerostructures (DAe), part of the State-owned Denel Group, has won a fourth contract to manufacture parts for the Airbus A400M military air transport and air-to-air refuelling aircraft. The new contract, which was won in an international...
Although CEO Mark McChlery and chief marketing officer Bob Skinstad likened themselves to children in a playground when taking on the task of “reengineering and repositioning” the Seartec brand, the “young, dynamic and enthusiastic guys” were like proud...
An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, says asset financing company WesBank. These include the use of large balloon payments (also known as residuals), as well as...
Tertiary education institutions can use search engine giant Google’s Chromebook to provide secure mobile end-point devices for students on which they can share documents, work collaboratively on documents and access education materials and applications being used...
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