R/€ = 14.22
R/$ = 11.16
Au 1240.10 $/oz
Pt 1243.50 $/oz
Aug 29, 2008
Daily podcast – August 29, 2008Back
And|Construction|Engineering|Johannesburg|Africa|CoAL|Eskom|Impala Platinum|Murray & Roberts CEO Brian Bruce|Nuclear|Platinum|Africa|Iraq|Islamic Republic Of Iran|Nigeria|Russia|South Africa|United States|Western Sahara|ZAR|Building|Energy|Nuclear|Nuclear Energy|Bruce|David Brown|Infrastructure|Power|Rob Nisbet|Tito Mboweni|Operations
© Reuse this Friday, August twenty-nine, 2008.
From Creamer Media in Johannesburg, I'm Jonathan Faurie.
Making headlines today:
Mobile telecoms operator MTN has a "lot of catching up to do" on its capital expenditure and infrastructure roll out programme for the year. But financial director Rob Nisbet said it remains focused on getting the 25-billion rands worth of capex "in the ground" by the end of the year.
The group has committed 25-billion rand of capex for 2008, and has an approved capex of 30,5-billion rand for the year. To date, it has spent about 10-billion rand. But it expects the roll-out rate to increase in the second-half of the year.
The need to heavily invest in the operations throughout the regions where MTN operates is said to be vital. This is owing to continued pressure to boost capacity, as demand is exceeding supply, particularly in South Africa and Nigeria. Demand is also growing fast in Iran, where the group saw a 93% increase in subscribers in the last half ended June 2008.
Construction and engineering firm Murray & Roberts CEO Brian Bruce said on Thursday that energy was driving opportunities for the firm.
He said nuclear energy in particular would be a focus area for the group going forward. Nuclear energy is expected to become a primary source of power in South Africa and in the rest of the world.
Bruce noted that it was expected that a number of new nuclear plants would be constructed globally over the next 50 years. South Africa expects to be one of the largest users of nuclear energy in future.
Platinum producer Impala Platinum CEO David Brown said on Thursday that the company had probably over used power in the past. It is currently working towards cutting Eskom power consumption by a significant 40 MW to 45 MW.
Brown said that the company would simultaneously also be looking to conclude a power off-take agreement with an independent power producer.
With regard to self-generation, Implats had looked at different combinations, including building a power station itself. But, it is concerned about enlarging the company's carbon footprint and adding to global warming. These are aspects which the company has to be "very sensitive" about.
Also making headlines:
July's credit and money supply growth was slow
PPC announces a 2,7-billion rand BEE deal
Tito Mboweni intends stepping down next year
Eskom is still to decide on the fate of its Richards Bay coal export allocation
De Beers is to open its diamond-technology treasure chest to the world for the first time
And, Impala Platinum says now is the right time to go on the hunt for acquisitions.
In political news:
An independent World Health Organisation study backs universal health care
Russia and the US exchange sharp words over Iraq and Kosovo at the UN
The UN announces that a Western Sahara mediator has quit
And, Russia faces diplomatic isolation
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)
Other Intellectual Property Law News
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of medication....
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
Updated 3 hours ago The majority of the 41 signatory countries to the Organisation for Economic Cooperation and Development’s (OECD’s) Anti-Bribery Convention, adopted in 1997, have failed to clamp down on foreign bribery activities. Fifteen years after its implementation, only four...
Updated 4 hours ago President Jacob Zuma on Thursday revealed the composition of the new team of Ministers and business proponents set to lead the Presidential Black Economic Empowerment Advisory Council. Trade and Industry Minister Dr Rob Davies, Minister in the Presidency responsible...
Updated 4 hours ago Cabinet on Wednesday approved the retention of South African Airways (SAA) chairperson Duduzile Myeni and nonexecutive director Yakhe Kwinana, while also approving the appointment of Dr John Tambi and Anthony Dixon as board members at the troubled national carrier....
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...