R/€ = 14.94
R/$ = 10.76
Au 1336.85 $/oz
Pt 1478.50 $/oz
Aug 29, 2008
Daily podcast – August 29, 2008Back
And|Johannesburg|Eskom|Impala Platinum|Murray & Roberts CEO Brian Bruce|Iraq|Islamic Republic Of Iran|Nigeria|Russia|South Africa|United States|Western Sahara|ZAR|Energy|Nuclear Energy|Bruce|David Brown|Rob Nisbet|Tito Mboweni
© 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
Other Intellectual Property Law News
Recent Research Reports
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...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 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...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
This Week's Magazine
A structured approach, wherein managers personally engage at each level of the project, is necessary to mitigate delays to the workflow on mega construction projects, says State-owned Eskom Kusile power station projects GM Abram Masango. The 4 800 MW Kusile power...
Construction of transmission lines to evacuate power from a regional hydroelectric project in East Africa, which was hanging on the balance following the withdrawal of financing by key partners, is now back on track. After six months of uncertainty, the African...
Three Memorandums of Understanding (MoUs) were signed between South African and Malaysian companies at the Malaysian High Commission in Pretoria on Friday. These MoUs are part of the indirect offsets programme South Africa is providing in return for Malaysia’s...
The South African new vehicle market may well dip to 640 000 units in 2014, says Toyota South Africa Motors (TSAM) sales and marketing senior VP Calvyn Hamman. This is the first prediction that anticipates a drop in the market. To date economists and industry bodies...
Nissan will re-enter the South African minibus taxi industry in March, when the new NV350 Impendulo goes on sale. The 16-seater has been specifically tailored to meet the terms of government’s Taxi Recapitalisation Programme, which aims to replace South Africa’s...