Apr 23, 2008
Daily podcast - April 23, 2008Back
Johannesburg|BHP Billiton|Eskom|Highveld|Lonmin|Rio Tinto|Africa|Australia|Australia|Norway|South Africa|Zimbabwe|USD|Jerry Vilakazi|Kofi Annan|Mercedes Benz|Western Australia|East Africa
© 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
Other Intellectual Property Law News
Updated 5 hours ago A new business association has been formally launched to link foreign suppliers of equipment to State-owned companies (SoCs) with large and small domestic companies in an effort to improve prospects for higher levels of local content in South Africa’s...
Updated 5 hours ago The Nelson Mandela Bay municipality has upgraded its Department of Human Settlements’ centralised information centre (CIC), introducing a new integrated land planning information system (ILIS) and refurbishing the interior and exterior of the centre, using...
Updated 6 hours ago The KwaZulu-Natal (KZN) Department of Transport on Thursday announced a 77.3 km, R1.2-billion road upgrade that would connect Pongola and eDumbe, in the north western part of the province. The project, of which the first 6.5 km, R65-million, construction phase had...
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
This Week's Magazine
The Estate Agency Affairs Board (EAAB) and the Department of Human Settlements launched the ‘One Learner – One Estate Agency’ internship programme aimed at creating one internship position at each of the estimated 10 000 estate agencies in South Africa to grow...
The Electronic Systems Laboratory (ESL) of the Department of Electrical and Electronic Engineering at Stellenbosch University is strongly reaffirming its position as one of South Africa’s leading centres for satellite technology and expertise. It is currently...
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
The South African Defence Review 2012, released to the public at the end of last month (despite the year given in its title) recommends the creation of the post of Chief Defence Scientist. This official would be responsible for the management of defence technology...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...