Jan 05, 2009
Daily podcast – January 5, 2009Back
Johannesburg|Gateway|Hydropower|Sappi|Vodacom|Ethiopia|South Africa|Zambia|Consultancy Services|Energy|Oil|Oil Price|Paper Manufacturer|Department Of Energy
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Monday, January 5, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
South African petrol pump prices will fall by about 18% this week to the lowest price since March 2007. This is due to a drop in the international oil price. It will help ease inflation.
On Friday, a statement from the minerals and energy department said the most widely used 95 octane petrol would drop by R1,34 a litre on January 7 to R6,01 in Gauteng from R7,35 previously.
Wholesale diesel prices will fall by about 20%.
Sappi said in a regulatory announcement that all the conditions to the deal had been met. The transaction closed on December 31.
The firm said in September that the 750-million Euro deal would increase its European graphic-paper capacity from 2,6-million tons to 4,5-million tons a year. It would also expand the company's wood-free coated product offering and customer base.
Also making headlines:
Mobile operator Vodacom completes the purchase of African network and satellite services firm Gateway.
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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