Jan 30, 2009
Daily podcast – January 30, 2009Back
Johannesburg|ArcelorMittal South Africa|Development Bank|Volkswagen South Africa|Africa|South Africa|Easter|Consultancy Services|Steel|Steel Prices|Steel Producer|Vehicle Manufacturer|Cape-based|Bill Stephens|Kgalema Motlanthe|Sven Lunsche|Eastern Cape
© Reuse this
Friday, January 30, 2009.
From Creamer Media in Johannesburg, I'm Christy van der Merwe.
Making headlines today:
Vehicle manufacturer Volkswagen South Africa spokesperson Bill Stephens says it'll release up to 400 employees in a process of voluntary separation.
The Eastern Cape-based manufacturer will also close all its production areas in the last week of February, as well as during the weeks before and after the Easter weekend, in April.
Stephens says the continuing worldwide financial crisis is having a "dramatic impact on the demand for vehicles, with practically all global markets showing a substantial reduction in demand".
Corporate communications manager Sven Lunsche said that prices had dropped by between 35 and 40 per cent on average over the last four months.
The company confirmed that flat and long prices for orders confirmed for delivery from February 1 would remain unchanged from January 2009, with the exception of two flat-steel items, the price of which would fall by 500-rand a ton.
President Kgalema Motlanthe tells Parliament to reconsider the Competition Bill.
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
South African antenna designer and producer Poynting and provider of professional products, system integration and implementation and commissioning services for the broadcast and telecommunications markets in South Africa, African Union Communications (Aucom),...
Industrial automation giant Festo has been displaying some of the its ongoing research projects and latest automation developments and products at the Hannover industrial fair from April 7 to 11, as part of its Integrated Automation – The Next Steps theme. The...
South African retail companies are responding to the way in which e-commerce is changing their engagement model with customers by improving customer engagement channels and order fulfilment intelligence, says industrial and retail software company JDA Europe, Middle...
In support of the South African government’s mandate to create more jobs and promote sustainable development, multilevel marketing company Amway’ business model aims to assist government in easing the startup of business and encourage an entrepreneurial mindset...
The global energy outlook is that energy demand will double by 2050 and the world’s population will grow to nine-billion, creating a need for increased energy supply with reduced carbon dioxide (CO2) emissions.