Feb 02, 2010
Daily podcast – February 2, 2010Back
© Reuse this
From Creamer Media in Johannesburg, I'm Shannon de Ryhove.
Making headlines today:
The affordable housing division of Nedbank Corporate Property Finance will fund a new 200-million-rand development to be built by the Cosmopolitan group, in Mapleton, near Vosloorus, in Gauteng.
The banking group says that the affordable housing development will entail the construction of 522 residential stands, 270 of which would be completed as part of phase one by the end of February.
Stands averaged at 250 square meters, with houses ranging in sizes of between 40 and 70 square meters.
The entry-level house prices would start at 370 000-rand and packages will include all costs, such as professional fees, conveyancing, bond registration, council connections and approval fees.
The inclusion of a possible strategic equity partner at the SAA subsidiary has been considered ever since April 2000, when SAAT was set up as a separate and distinct company. However, there have been several false starts since then, despite initial indications that a sale was likely during 2008.
In the intervening period, the maintenance repair and overhaul division has been actively seeking to expand its third-party customer base, so as to decrease its reliance on SAA, which remains a key client.
SAA spokesperson Vimla Maistry said that the tender formed part of a process of unbundling the business unit, which itself formed part of the broader restructuring of the State-owned airline, which began in May 2007.
Honda South Africa recalls its previous generation Jazz.
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)
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 1 hour 14 minutes ago Telecommunications group MTN on Wednesday posted a double-digit decline in earnings for the six months to June 30, as its Nigeria operations faced headwinds and foreign exchange fluctuations hit revenue. Group headline earnings a share plunged 10.3% to 654c during...
Updated 1 hour 31 minutes ago Chinese banks are leading a group of lenders in financing a 300 MW coal-fired power plant in Zambia that is needed to meet rising demand from miners and an electricity-starved public. Zambia's power demand is expected to double between 2010 and 2020 to almost 3 000...
Updated 1 hour 59 minutes ago The South African Chamber of Commerce and Industry (Sacci) Business Confidence Index (BCI) rose by 3.3 index points to 87.9 in July. This followed a 2.3 index point drop in June and placed the BCI at a similar level to what it was in July 2014.
Recent Research Reports
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)
Real Economy Insight: Construction 2015 (PDF Report)
Real Economy Insight: Electricity 2015 (PDF Report)
Real Economy Insight: Road and Rail 2015 (PDF Report)
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...