R/€ = 15.08
R/$ = 13.39
Au 1151.02 $/oz
Pt 944.00 $/oz
Aug 25, 2008
Daily podcast – August 25, 2008Back
© Reuse this This podcast is brought to you by Mercedes Benz Commercial - the right partner.
Monday, August twenty-five, 2008.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
The CPB Netherlands Bureau for Economic Policy Analysis said on Friday that growth in world trade slowed in the second quarter of this year to its lowest for nearly seven years.
In the three months ended June, world trade rose by only 0,6% at an annual rate compared with the previous three months.
CPB said this was the weakest quarterly performance since the drop in world trade in the final quarter of 2001.
Asset management firm Futuregrowth has raised R140-million from institutional investors. This is to assist lower income housing projects get off the ground.
The company will provide debt funding to property investment and development group, Jika Properties. It will obtain high-yielding residential properties across Gauteng for refurbishment and rental as lower income housing.
The loan facility will enable Jika to buy properties within a 50 km radius of the Johannesburg central business district for long-term investment, as well as to make these available as rental stock.
Australia's competition watchdog has warned that a merged BHP Billiton and Rio Tinto might be able to influence global iron-ore supply and prices.
The Australian Competition & Consumer Commission said that this could lead to steelmakers paying "significantly" higher prices for the raw material.
BHP Billiton is the world's biggest resources company. It formally launched its all-share takeover bid for rival Rio Tinto in February. However, the smaller company snubbed the bid as not reflecting its true value and future prospects.
Also making headlines:
Oil steadies above $114 despite the rising dollar
Transnet is criticised for dragging its feet in awarding tenders
Numsa members end a two-week strike at Union Carriage & Wagon
Gold Fields faces a claim of up to R11-billion over its Western Areas company
Norilsk Nickel's proposed 49-billion ruble buyback is opposed by Rusal
And, the South African government plans more meetings with the communities affected by the Xolobeni project
In political news:
Zambia starts the process to replace the late Levy Mwanawasa
President Thabo Mbeki is told to address poverty
Piracy ransoms are funding the Somalia insurgency
And, Zimbabwe faces a crunch week as Mugabe draws the battle line
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...
Updated 11 minutes ago Mining bosses and factory owners retrenching workers were threatening stability, Public Works Minister Thulas Nxesi told hundreds of Cosatu members in Cape Town taking part in the federation’s countrywide World Day march for Decent Work on Wednesday. “Retrenchments...
Updated 1 hour 32 minutes ago South African logistics utility Transnet is considering up to R200-billion ($14.5-billion) in cuts to its capital expansion plans over the next three years, two sources at the company said, as the global demand for iron ore and coal stalls. The utility, four years...
Updated 1 hour 44 minutes ago The EcoMobility Festival that is currently under way in Sandton marks the start of a long-term shift to an “ecomobile” future. Public transport, walking and cycling were set to become the transport modes of choice in future, with consulting firm Arup tasked with...
Recent Research Reports
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.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
This Week's Magazine
Black-owned investment holding company Sphere Holdings plans to raise a further R1-billion in the coming months in support of its strategy to become a leading black industrial enterprise, which could ultimately seek a listing on the JSE.
Energy analyst and EE Publishers MD Chris Yelland warned recently against excessive optimism regarding timescales for the proposed construction of new nuclear power plants (NPPs) in South Africa. He was speaking at a Nuclear Roundtable in Johannesburg. “I think we...
Malawi’s Lilongwe Water Board (LWB) is inviting eligible bidders to prequalify for the board’s efficiency improvement works, which will be implemented as part of the E24-million Lilongwe Water Resources Efficiency Programme. LWB CEO Alfonso Chikuni explains that...
CROATIA, AN EU MEMBER BUT NOT A TDCA MEMBER On July 1, 2013, Croatia officially became the twenty-eighth member of the European Union (EU). Despite Croatia’s accession into the EU, it is yet to become party to the Trade, Development and Cooperation Agreement (TDCA)...
The Council for Scientific and Industrial Research (CSIR) has announced that its new Inundu airborne electronics testing, evaluation and training pod had made its first test flight on September 10. The successful flight was undertaken from Lanseria International...