Apr 30, 2009
Daily podcast – April 30, 2009Back
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Thursday, April 30, 2009.
From Creamer Media in Johannesburg, I'm Christy van der Merwe.
Making headlines today:
Government has handed Mercedes-Benz South Africa and MAN Truck & Bus the contracts to supply 570 buses of the 830-strong fleet, which would transport spectators, officials and players for the 2010 FIFA World Cup.
Transport Minister Jeff Radebe said that government was providing a 1,4-billion-rand guarantee for the purpose of acquiring the 570 buses from the local subsidiaries of the German companies.
MBSA would supply the 168 semi-luxury and 292 intercity buses required for the global sports event. MAN would supply the 110 general spectator buses.
MBSA has a bus assembly facility in East London, while MAN has a plant in Midrand.
Statistics South Africa said headline CPI inflation braked only marginally from 8,6 percent year-on-year in February, while monthly inflation stood at 1,3 percent in March compared to 1,2 percent previously.
A poll of 14 economists by newswire Reuters forecast CPI would slow to 8,4 percent year-on-year and come in at 1,2 percent on a monthly basis.
The Reserve Bank lifted interest rates by 500 basis points between June 2006 and June 2008 in a bid to rein in inflation. Inflation has persisted above the top end of a 3 to 6 percent target band since April 2007.
Steel producer ArcelorMittal South Africa's shares rise on the 3,9-billion-rand buyback prospect.
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)
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