Dec 03, 2008
Daily podcast – December 3, 2008Back
© Reuse this
Wednesday, December 3, 2008.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
On Tuesday, business, organised labour and local government pledged their support to government's national energy efficiency campaign. This was ahead of power utility Eskom's expected maintenance period in January.
Department of Public Enterprises director general Portia Molefe said that South Africa's electricity savings had, to date, equated to a "paltry" 1,5% year-on-year.
She asserted that more had to be done and that everyone in the country had to realise that this was a real challenge.
Meanwhile, Deputy President Baleka Mbete said that government was committed to gradual and systematic phased increases in electricity tariffs, rather than one-off hikes. But she noted that this would only be possible through energy conservation.
South Africa's Industrial Development Corporation said that the pre-feasibility study for a 129-billion rand coal-to-liquid plant it was conducting with Sasol, was due in March 2009.
If successful, the project was scheduled for completion in 2016. The first fuel is expected to come on stream that same year.
IDC chief executive Geoffrey Qhena said the state-owned financial lender would invest at least 60-billion rand over the next five years, as a global credit crunch bites and companies seek alternative funders.
Also making headlines:
Zimbabwe introduces new banknotes as inflation soars.
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)
Other Intellectual Property Law News
Pedestrian Door Solutions specialists, ASSA ABLOY Entrance Systems South Africa (Pty) Ltd., have supplied and installed a number of Besam entrance systems to medical facilities both in South Africa and outside the country’s borders that offer fast, convenient and...
Rubber-in-compression couplings, from Renold Hi-Tec, provide fail-safe operation on applications such as mine winders, hoists, draw-works on drilling rigs and industrial overhead cranes. The intrinsically fail-safe construction of the couplings protects both people...
Engineering, management and specialist technical services company Aurecon achieved a first in Tshwane in 2011 when its Lynnwood Bridge Office Park building, situated just off of the N1 highway, achieved a 4 star GreenStar SA – [Office Design v1, Office Design v1]...
Updated 22 minutes ago Private equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission. CEO Steve Schwarzman said he would continue...
Updated 28 minutes ago Egypt expects a planned economic zone near the Suez Canal to eventually make up about a third of Egypt's economy, the country's investment minister said on Thursday. Egypt plans to build an international industrial and logistics hub near the canal to attract foreign...
Updated 51 minutes ago South Africa has to secure the future of the local petroleum industry through policy protection, to prevent the market from being flooded by clean fuels imports. The deferment of a clean fuels policy last year had opened a gap for importers and the urgency to...
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector
While the construction sector remains a sizeable economic contributor and employment provider, it has been in a slump for the past seven years, not being able to recover to the growth levels in the build-up to the 2010 FIFA World Cup – between 2004 and 2007 – when...
Liquid Fuels 2014: A review of South Africa's liquid fuels sector
Despite South Africa’s oil and gas deposits, its current fuel-refining capacity is insufficient to meet local demand for liquid fuel products, and the shortfall is being met through imported refined products. In recent years, the country has become increasingly...
Water 2014: A review of South Africa's water sector
As the world’s most valuable resource, water and its preservation are becoming increasingly important, with various industries noticing the scarcity of this resource. Without water, industrial activities and agricultural activities cannot take place – directly...
Defence 2014: A review of South Africa's defence industry
South Africa’s defence industry has sophisticated manufacturing capabilities and it has been at the forefront of many significant defence developments locally and internationally. The industry has a high level of State involvement in terms of acquisitions and...
Road and Rail 2014: A review of South Africa's road and rail infrastructure
The state of a country’s transport infrastructure is a key determinant of the performance and growth of its economy, as well as of the social and economic opportunities available to that country’s population. South Africa is investing substantially in its transport...
Real Economy Year Book 2014
There have been some improvements in global economic conditions over the past few months, with the US set to grow at a better pace in 2014 than has been the case in the years following the global economic crisis. Few economic commentators are anticipating a hard...
This Week's Magazine
The World Bank, the European Union, the African Development Bank (AfDB) and the government of Sweden have agreed to provide Zimbabwe and Zambia with $294-million for the repair of structural deformations on the Kariba dam wall and avert the possible collapse of the...
Executive chairperson of the Global Electricity Initiative (GEI) Philippe Joubert says energy utilities globally, together with the business community more generally, have come to terms with the science of climate change, particularly as extreme weather events begin...
JSE-listed Emira Property Fund reported distribution growth per participatory interest (PI) of 9% for the six months ended December 31, 2014.
Sub-Saharan Africa is still faced with the challenge of providing citizens access to electricity and an additional $450-billion will need to be invested to ensure that people in urban areas have access to electricity by 2040.
Consulting Engineers South Africa (Cesa) last month said it was dismayed that the Department of Water and Sanitation (DWS) was seconding 35 Cuban engineers on a two-year contract to share their expertise with South African engineers in the water sector.
Next ArticleCouplings for safety-critical applications