Jan 26, 2010
Daily podcast – January 26, 2010Back
Johannesburg|Denel|Denel SAAB Aerostructures|Pretoria Portland Cement|Africa|Ghana|South Africa|Cement Producer|Lana Kinley|Paul Stuiver|Sasa Methola|Theo Kleynhans
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From Creamer Media in Johannesburg, I'm Shannon de Ryhove.
Making headlines today:
The board of Denel Saab Aerostructures (DSA) has appointed its operations chief, Theo Kleynhans, as the acting CEO, following the resignation of Lana Kinley earlier this month.
The DSA board said that it treated the appointment of a permanent CEO "as a matter of urgency", adding that it was fast-tracking the process.
Kinley and CFO Sasa Methola resigned in mid-January.
Following the resignations and talk of retrenchments at DSA, trade union Solidarity expressed its concern about the stability of the aerostructure design and manufacturing company.
However, DSA affirmed that it would continue to strive to provide on-time service, quality and value for its customers, thereby creating a prosperous company for both its employees and owners. To this end, one of the company's key focus areas remains business development.
PPC CEO Paul Stuiver said that for the company to achieve a similar growth rate to that experienced over the past few years, it would have to focus its attention further afield.
Stuiver noted that PPC's further venture into Africa would be carefully thought out and deliberate, and would take into consideration the economic drivers such as the population, industries in the specific countries, as well as their gross domestic product.
Lower sales figures during the past period, especially from the residential market, had necessitated PPC's expansion into the rest of Africa.
Ghana plans to begin natural gas production from its offshore Jubilee field by the fourth quarter of this year for domestic consumption.
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
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