Aug 13, 2008
Daily podcast – August 13, 2008Back
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From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
An industry advisory firm said on Tuesday that Africa's telecommunications industry will shift from being mainly market-driven to being more policy driven. This is as certain regulatory steps could improve Internet and broadband access.
BMI TechKnowledge said that, while Africa's mobile market had been growing, Internet and broadband penetration rates remained low. Also, regulatory interventions could bring down prices, make services available and enable growth.
However, telecommunications research director Brian Neilson said that Africa could experience a bandwidth oversupply if all the planned submarine fibre-optics cables were to come on stream.
He explained that these cables were designed with a combined capacity of ten terabits a second, while demand from Africa was only expected to reach two terabits a second by 2019.
CEO Maria Ramos says the tender process is well under way for the 212 diesel locomotives. She says any enlargement will be pursued on the basis of a supportive business case.
It is unclear as to what such a move would mean for the group's R80-billion, five-year capital-investment programme. The group will need to raise R36,6-billion on the capital markets over the next three years to close an anticipated funding gap.
CEO Robin Berry told Mining Weekly Online that the company planned on publishing the findings of the internal investigation into the errors "within the next couple of weeks".
Berry said that the investigation was at a "sensitive stage". He was reluctant to comment further on it. However, he did indicate that the errors were not genuine accounting mistakes.
Bell Equipment hopes to participate in the revised MIDP
In political news:
Thabo Mbeki is to report to the SADC summit on Zimbabwe
Edited by: Shannon de Ryhove© Reuse this
Creamer Media Senior Deputy Editor Polity & Multimedia
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