Apr 23, 2008
Daily podcast - April 23, 2008Back
© Reuse this This podcast is brought to you by Mercedes Benz Commercial - the right partner.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell
Making headlines today:
Business Unity South Africa, or BUSA, has written to the National Energy Regulator of South Africa calling for it to abandon its current accelerated review of Eskom's request for a 60% tariff increase, so as to give stakeholders sufficient time to compile comprehensive responses.
Speaking at a media briefing in Sandton on Tuesday, CEO Jerry Vilakazi indicated that it was also unhappy with the level of information it had received from Eskom as to why it required such a significant increase only months after requesting a far more modest rise.
Vilakazi thus appealed for greater transparency from the utility, as well as from government, which has come out in support for the power utility's application.
Busa also called for stronger leadership from the Southern African Development Community, or SADC, to ensure the speedy release of the much-delayed Zimbabwe election results.
Vilakazi said that the political situation in Zimbabwe was not only damaging the Zimbabwean economy, but that it also had the potential to negatively effect the South African economy, as well as undermine the necessary regional integration of SADC.
Diversified mining giant, BHP Billiton, which has launched a hostile takeover for smaller rival Rio Tinto, on Wednesday reported a 22% rise in third quarter iron-ore production, to a record 28-million tons.
The higher iron-ore output, which was likely to strengthen its one hundred and forty seven billion dollar bid for Rio Tinto, came on the back of its Western Australia iron-ore operations achieving record quarterly production and shipments in a "seasonally challenging" quarter.
BHP Billiton also reported record quarterly production of manganese ore, despite restrictions on power consumption in South Africa.
A portfolio manager at financial institution Investec said on Tuesday that the platinum price was expected to close this year at levels above two thousand four hundred dollars an ounce, in an "enormously tight" market.
Investec's forecasts were that there would be a supply deficit of 400 000 ounces of the white metal this year, but other market watchers were calling for a deficit of as much as 600 000 ounces.
This came as producers in South Africa wrestled with the power supply quandary, safety setbacks and skills shortages.
Also making headlines:
Oil steadies above 118 dollars with a focus on supply disruptions
In political news:
Africa shows impatience on Zimbabwe crisis
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 (150 word limit)
Creamer Media Senior Deputy Editor Polity & Multimedia
Other Intellectual Property Law News
Alcatel-Lucent has organized in early July its Technology week in Nigeria. The Alcatel-Lucent Technology Week took place at a three-day event in both Lagos and Abuja. The event was well attended by over a hundred professionals from Nigeria ICT ecosystem....
If you were asked to imagine a computer network, the image that springs to mind would probably be one of a pristine office setting, where networking equipment is kept behind spotless glass doors in a dust- and temperature-controlled environment. But what of the real...
The Southern African Vinyls Association announced that Belgotex Floors has become the Association’s first official license holder of the Vinyl. product label – a mark of excellence that signifies the product complies with best practice as prescribed by SAVA’s Product...
Recent Research Reports
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
This Week's Magazine
Engen Driver Wellness, the mobile health awareness initiative, continues to make a tangible difference to the lives of the country’s bulk truck operators with increased driver participation in voluntary screenings and improved health scores. Now in its fifth year,...
At the sixth IQ Business conference held in Sandton last month, a panel of business leaders and academics advocated that business reclaims the initiative to spur growth in South Africa amid fragmented and haphazard political direction. Management consulting firm IQ...
The building industry is an essential component of the South African economy as it contributes about 15% to the gross fixed investment that drives the economy. However, with the country’s economy going through a tough time currently, this, in turn, reflects on the...
The recipients of the 2015 South African National Energy Association (Sanea)/South African National Energy Development Institute Energy (Sanedi) Awards were announced at a ceremony and banquet in Sandton last month. Sanea chairperson Brian Statham named Exxaro CEO...
As South African information technology (IT) firm EOH posted another full year of strong growth, CEO Asher Bohbot, known for his frank words, people-centric management style and stoic humanism, attributed the company’s continued South African and African growth to...