Aug 28, 2009
Daily Podcast - August 28, 2009Back
Johannesburg|Afrox|Basil Read|Eskom|Africa|Asia|South America|Australia|South Africa|Acceptable Electricity Tariff|Sustainable Funding Solution|Transport|Bobby Godsell|Jacob Maroga|Koss R-80 Consumer Headphones|Middle East
© Reuse this
Friday, August 28, 2009.
From Creamer Media in Johannesburg, I'm Sheila Barradas.
Making headlines today:
Eskom has said that it is determined to achieve ‘break even' at an operating level in the 2009/10 financial year, and CEO Jacob Maroga emphasised that ensuring a "sustainable funding solution" for the future was imperative.
Eskom, which posted a R9,7-billion loss for the year ended March 2009, expects an R80-billion funding shortfall for its expansion plans.
Maroga added that the utility would have a funding model finalised by the end of September.
Eskom chairperson Bobby Godsell said that the most important issue was to get clarity from South Africa on what an acceptable electricity tariff would be - one that would allow Eskom, co generating industries, and independent power producers to get a fair return on power produced.
JSE-listed construction firm Basil Read had secured new orders amounting to R2-billion in the first half of 2009, pushing its order book to R6,2-billion, the company said on Thursday, when it announced a 25% increase in interim earnings a share.
At the end of June 2008, the company's order book stood at R5,4-billion.
For the six months ended June 30, Basil Read had achieved earnings of 141,21c a share, compared with the 113,14c a share recorded in the previous corresponding period.
The company's operating profit jumped by 43% to R181,8-million, translating into an operating margin of 8,8%.
Turnover increased by 47% to R2,1-billion, compared with the 2008 figure of R1,4-billion, with net profit attributable to ordinary shareholders increasing by 43% to R122,1-million.
Basil Read reported that it was exploring expansionary activities across Africa, the Middle East and Australia.
Also making headlines:
Murray & Roberts to expand in Middle East, South America and Asia.
That's a roundup of news making headlines today. For more on these and other stories please visit engineeringnews.co.za.
Edited by: Jonathan Faurie© Reuse this Comment Guidelines
Other Intellectual Property Law News
Updated 1 hour 2 minutes ago Employment in the formal nonagricutural sector increased by 16 000 persons, or 0.2%, quarter-on-quarter during the three months ended September 30, to an estimated 8.45-million employees, Statistics South Africa (Stats SA) has found. On a year-on-year basis,...
Updated 1 hour 21 minutes ago The roll-out of e-tolling on Gauteng’s highways has resulted in a “lot of work” for fleet administrators, says Imperial Fleet Management (IFM) CEO Nicholas De Canha. The need to make payments within seven days, every seven days – if not using a prepaid or...
Recent Research Reports
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,...
Projects in Progress - Second Edition (PDF Report)
Creamer Media’s second Projects in Progress supplement considers some of the major project developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Water 2013: A review of South Africa’s water sector (PDF Report)
Creamer Media’s Water 2013 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Canadian Mining Roundup for June 2013 (PDF Report)
The June 2013 roundup includes details of the development of TSX-V-listed Aldridge Minerals’ flagship Yenipazar polymetallic project, in Turkey; the Canadian Nuclear Safety Commission’s renewal of Cameco’s uranium mining licence pertaining to the Cigar Lake...
This Week's Magazine
Mitsubishi Motors South Africa (MMSA) has introduced a 4x2 derivative of its Pajero Sport sports-utility vehicle (SUV), which will give it access to a substantial slice of the full-size SUV market, where it will compete with the likes of the Ford Everest, Chevrolet...
South African Energy Minister Ben Martins has affirmed that the government wants the country to be globally competitive in the nuclear sector. "Our responsibility has always been ... to ensure that, in nuclear energy, South Africa can compete with the rest of the...
Mercedes-Benz South Africa (MBSA) president and CEO Dr Martin Zimmermann describes the new S-Class as “a special place to be”, with the car creating a sense of “wellness” once you are seated inside the German brand’s flagship model. It is difficult to argue...
Water scarcity and water-quality issues are broadly recognised and understood in most political, business and civil organisations in South Africa, but solving water issues will require wide and continuous action in catchments and municipalities by organisations and...
Work is well under way on the R212-million Imvutshane dam, 30 km north-west of Stanger, in KwaZulu-Natal, which is a key link in supplying people in rural Maphumulo with a reliable source of safe drinking water.