Jan 05, 2009
Daily podcast – January 5, 2009Back
Engineering|Johannesburg|Africa|Diesel|Gateway|Hydropower|Projects|Sappi|Vodacom|Africa|Ethiopia|South Africa|Zambia|Consultancy Services|Energy|Mining|Oil|Oil Price|Paper Manufacturer|Product|Services|Department Of Energy|Power|Diesel
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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 (150 word limit)
Other Intellectual Property Law News
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of medication....
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
Updated 1 hour 24 minutes ago Electrical, instrumentation and control engineering firm Proconics has concluded a deal that will see private equity newcomer Dlondlobala Capital taking up a 26% stake in the 19-year-old company. “Proconics is committed to meeting the compliance and legislative...
Updated 1 hour 27 minutes ago Independent power producer Ipsa has missed a November 21 deadline to pay Ethos Energy Italia – formerly Turbocare – an initial €3-million payment as part of a dispute settlement reached last month in relation to the sale and purchase agreements and refurbishment...
Updated 2 hours 7 minutes ago South Africa’s rail network fell victim to a total of 4 703 separate “security-related incidents”, which largely comprised acts of vandalism and theft, in the 2013/14 financial period – denoting a 14% jump in the number of similar occurrences in the prior year, the...
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