Feb 09, 2009
Daily podcast – February 9, 2009Back
Johannesburg|Africa|Design|Eskom|Sarens SA|Telkom|Africa|South Africa|Communications Service|Service|South African Government|Bobby Godsell|Kgalema Motlanthe|On Friday|Power|Tito Mboweni|Operations
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Monday, February 9, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
On Friday, South Africa's President Kgalema Motlanthe outlined a four-point economic stimulus plan, aimed at minimising the impact of the prevailing economic crisis on the country's growth and employment prospects.
Motlanthe said that the interventions would be informed by the principles of a "countercyclical fiscal policy".
But he stressed that South African government would pursue these measures within "prudent and sustainable" borrowing parameters. It would also seek to rapidly reduce debt levels "whenever conditions turn for the better".
Telkom said that a new organisational structure was required as the company changed strategic direction.
Telkom added that there were also tangible indications that recent actions by Nzeku have resulted in reputational damage amounting to defamation of the company and its leadership.
The new organisational structure was designed to provide focus for the execution of the company strategy. It was also aimed at accelerating service delivery and implementation.
Also making headlines:
PBMR puts supplier contracts on hold as it ponders design changes.
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)
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