Feb 02, 2010
Daily podcast – February 2, 2010Back
Johannesburg|Honda South Africa|Nedbank|South African Airways|Africa|ZAR|Vimla Maistry|Previous Generation Jazz
© 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
Other Intellectual Property Law News
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
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...
This Week's Magazine
The Electronic Systems Laboratory (ESL) of the Department of Electrical and Electronic Engineering at Stellenbosch University is strongly reaffirming its position as one of South Africa’s leading centres for satellite technology and expertise. It is currently...
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
The South African Defence Review 2012, released to the public at the end of last month (despite the year given in its title) recommends the creation of the post of Chief Defence Scientist. This official would be responsible for the management of defence technology...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...
South Africa’s sole nuclear power station Koeberg, which is located in the Western Cape, breached a major operations milestone on April 4, which marked the thirtieth anniversary of Unit 1 having been connected to the grid. Eskom, which operates the two-unit plant,...